Trias x SatoshiClub AMA from May 15
On May 15th our friends from Trias team were invited to conduct AMA session with SatoshiClub Community. Our guest was Kailing Bian (CSO of Trias).
The total reward pool was 200 USD and was split in 3 parts.
There was a second Trias x Satoshi AMA session, , no less or more interesting or dynamic. As always, there was a lot of food for thoughts in this session, so we are trying to summarise some of the most interesting points for you.
Part 1 — introduction and questions from Twitter
Serg: Hello, dear friends! Today we will have another episode from our AMA series in Satoshi Club. Today we present to you Trias! Our guest is @KailingBian — CSO of Trias
Welcome to Satoshi Club! Before we start, please tell us a little bit about yourself
Kailing Bian: Sure. My name is Kailing Bian. I graduated from LSE with Master of science degree in management and strategy. My bachelor degress is in economics. I worked for Accenture, a top IT and management consulting company and after my consulting experience, I worked in the venture capital industry. I have helped more than 200 startups in their stealth business model and financing process. I joined Huobi Labs for investment and incubation. I also invested in crypto with my own fund before I cofounded Trias.
Irina Kravchuk: Nice. For how long were you in the venture capital industry?
I assume it helped a lot at the beginning of the project.
Kailing Bian: yes, for about 6 years
Serg:we had an AMA with Trias some time ago. What developments you had lately?
Kailing Bian: Since our last AMA, Trias has made remarkable progress. In general, there are several more significant events, including our release of the economic white paper, the launch of the hybrid staking system mentioned in the economic white paper, and our recent plan to list on BINANCE DEX.
In addition, we have also signed many international partners, including powerful companies from China and South Korea. These are reported in our news.
Irina Kravchuk: Can you name a few partners?
Kailing Bian: SURE, as you already knows that Trias delivers enterprise products and solutions to solve the trust and security issues for different customers in many industries. Here I list some use cases and partners
Finance: Soochow Securities
Trias implements blockchain-based DevOps systems, targeting at insuring the stability of its stock trading system and preventing insider threats brought by contractors.
Smart City: Chongren County Substation Industry Park
Trias provides blockchain-based trustworthy ERP/MES DSaaS for more than 100 companies in the substation industry with a total product value at $0.3billion in supply-chain finance.
Commodity: China Asean Marine Product Exchange
Trias provides blockchain-based exchange clearance and cross-border settlement systems for the largest marine product exchange in Asia.
Upon this progress, many third parties from all over the world have joined Trias Alliance, such as software developers(Octa Innovations in China), data engine (Ptmind in Japan), open-source communities (Odoo), security providers (CertiK in the US), and crypto projects.
Serg: Your partners are from many countries. You have a good expansion and business development team. Would you like to add smth before starting with the first question?
Kailing Bian: Generally speaking, Trias is a link between the real enterprise and the cryptoworld, providing a bridge, and giving back to our community and token holders by serving more real business.
Q1 from MerinoBeltran
Do you plan to list in any other big exchanges to keep increasing the volume and the price? Such as Binance, Crex24… And, how did you list on KuCoin?
Kailing Bian: yes, for now we are applying to list on Binance Dex
https://twitter.com/triaslab/status/1261159936517566466?s=20
as this twitter shows, we just started.
Serg: Maybe you can tell briefly what can we do to help you list?
Kailing Bian: Thank you, sure , I hope community members can help to support us by posting below our listing proposal, and vote for us
Of course ,we shall have a series abundant bounty campaign to thanks the support from community:grin:
Back to the first question, we got free listing on Kucoin
The second IEO of spotlight coz they find Trias are very solid and technically innovative. We have a strong and long term cooperation with Kucoin and currently we are among the top volume stars of Kucoin
Irina Kravchuk: Binance DEX is the next milestone and it’s a great one. What about other exchanges? Are there any other exchanges on the roadmap?
Kailing Bian: Yes, besides Binance dex , we are applying to list on Upbit, and other exchanges recently, which will be release soon.
Q2 from ketuart02
Trias start their first staking reward from 10th May. I’m very curious about Trias staking rewards in the range of 120%-1200% APR. What is the basis of calculation, Yearly, Quarterly or Monthly? How is the reward calculated?
Kailing Bian: As We mentioned above, our staking rewards come from the buy back from secondary market, that’s why our staking is deflation.
Trias has repurchased 96,472,628 TRY from its 2019 revenue and will contribute to Trias community through burning and staking.
As you may know, we have just launched the first staking program in 2020 on May 10th. But it has been filled up in only within 3 hours.
This is the first Staking this year, and the rewarding pool is 1,000,000 TRY
Total Staking Pool is: 1,000,000 TRY soft cap and 10,000,000 TRY hard cap.and we do not have cap for person staking
In the case where a total of 1,000,000 TRY are staked a rewards equivalent of 1,000,000 TRY will be distributed to the participants. It gives the participants a return equivalent of 100% per month and 1200 % annually.
In the case where a total of 10,000,000 TRY are staked a rewards equivalent of 1,000,000 TRY will be distributed to the participants. It gives the participants a return equivalent of 10% per month and 120% annually.
Irina Kravchuk: Wow. That’s fast. When is the next staking program?
Kailing Bian: The next staking program will launch by the end of this month, which will be more attractive, so if you wanna join, pls stay tunned.
Irina Kravchuk: The percentages are impressive for sure.
Kailing Bian: yes, the point is these rewarding are not minted.
Q3 from Rockycrypto80
To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from ?
Kailing Bian: Currently we have developed a mature business model in our own DApp (TriasForce) and we also have design mechanism for others to do the same because we provide:
1) infrastructure and toolkits for developers;
2)blockchain software for distributors to sell;
3) a business network for service providers(who can modify the blockchain products to fit the demands of end users).
As for Trias Force, I ‘d like to introduce a bit.
Some of you might know it from last AMA.
But I d like to introduce a bit cuz it is important for this economic model
TriasForce is a Decentralized-SaaS for enterprises built upon Trias MagCarta Layer,
It has already deployed on many industrial clients, such as top financial institutions and power industries as I present at the beginning
Essentially, it is a DSaaS solution, combing the technology of AI, blockchain and security, solves the ‘centralized issue’ faced by the current clouding computing infrastructure and industry, by ensuring of data ownership and preventing the tampering of data leakage and individual privacy.
Trias Force now has 3 products, TriasForce Auditing, TriasForce Security, and TriasForce ERP, providing blockchain-based services to clients over different industries.
By providing these products and services, Trias Alliance have pretty good revenue
Hope this explains how we funding and why we have enough capital to benefit our community , more details can refer to our econ onepager https://www.trias.one/onepager , https://www.trias.one/article/379/en .
Q4 from nandhase
According to the MagCarta economic model of Trias, the benefits for the community and token holders come from the successful deployment of business clients. Could you explain more about this mechanism?
Irina Kravchuk: Q4 is somehow related to the clarifications that you gave for the 3rd question.
Kailing Bian: Sure, basically,these questions answer are pretty similar, but I d like to give you a bigger picture.
First is about MagCata, you need to know that Trias is composed of three layers: Leviatom, Prometh and MagCarta.
Leviatom is an integration of Trusted Execution Environments (TEEs) and Heterogeneous Consensus Graph, a graph computing algorithm similar to Hashgraph or DAGs.
Prometh is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.
MagCarta is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.
Each layer has its unique economic model and operation manner
The hybird staking system and the rewarding come from the up layer MagCata, we also have the other two layers which will also have its own economic model
All three layers, Leviatom, Prometh and MagCarta, have token economics.
Economics of Leviatom encourages the participation of computing devices, the operators of whom can gain rewards by acting as Executor, Monitor or Disseminator.
Economics of Prometh helps to identify possible malicious behavior implemented by a certain application as Developer, Builder and Security Checker can be rewarded.
Economics of MagCarta is the most dynamic one, with Trias Alliance (a production house for onchain development of DSaaS), Enterprises (who deploy the DSaaS), and Distributors (who stake to join as franchisees).
Q5 from YeterAkp1
The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Kailing Bian: Trias has a solid team background in cyber security and data protection and thus we provide decentralized cloud computing infrastructure to provide trustworthy solutions to enterprises, who are afraid of data privacy and leakage. Our solutions now have been applied by our clients globally, including large financial institutions and manufacturing industries in China, open source community and open source solution providers in China and Korea.
Irina Kravchuk: What about the regulation part? Do you have a global legal team?
Kailing Bian: Yes, We have legal consultants globally
The core members of the team graduated from Oxford, London School of Economics, Peking University, Tsinghua University and other top universities; served in China Aerospace, Intel, Oracle, Alibaba with strong technical strength and rich working experience.
Because we are dealing with different partners around the world, we have experience with security compliance and data regulatory and have our legal consultants to facilitate us in regulations
Thanks
Part 2 — live questions from the Telegram community
Q1 from Ruben L.
Can you further explain what’s Trust Alliance and which requirements do projects/companies need to set up a partnership with Trias within it?
What benefits do they and you have by joining it other than a mere association, since there are many programs like this where they even help in financial terms, how does Trust Alliance differentiate and compete with others?
Kailing Bian: As I mentioned before,Until now, many third parties from all over the world have joined Trias Alliance, such as software developers(Octa Innovations in China), data engine (Ptmind in Japan), open-source communities (Odoo), open-source compliance (Eyes protocol in Korea), security providers (CertiK in the US), some crypto projects and some traditional enterprises. In the future, there will more and more enterprises join in Trias Alliance to build DApps, grow Trias ecosystem, provid development tools and protocols, and also rich TRY utility.
As for Trias cooperation with Eyes, it happens on Trias Prometh Layer, which is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.Trias implements a trusted software building process to achieve traceable software supply chain management and security auditing.
The ambitious goal of this partnership is to build an ecosystem that strengthens security capabilities, ensures continuous development, and ensures safety and reliability in the blockchain ecosystem.
Q2 from Astle
As Trias Force has 3 products, #TriasForce Auditing, #TriasForce Security, #TriasForce ERP, can you tell me what services these products provide to services to clients?
Kailing Bian: Empowered by the Trias blockchain technology, TriasForce aims to provide enterprise level DSaaS. It ensures enterprises’ core data and critical services are secure and reliable. Leviatom ensures the datacenter’s infrastructure integrity (TF-Security); the Leviatom-supported ledgers provides capabilities for storing arbitrary non-structural data with a high throughput (TF-Security and TF-Auditing); Prometh facilitates trustworthy and traceable software composing and building (TF-Security); and Prometh services supports higher-level application needs such the ERP systems (TF-ERP).
Q3 from Luis Merino :es: | Satoshi Club
Q1. What reasons can you give me to hold $TRY in a long term period? What are it’s benefits that make it better than other projects?
Q2. How much did you have to pay to join the voting for listings on Binance DEX?
Q3. Why do you offer that huge APR for staking $TRY? (120–1200% APR). Is it just to increase TRY token holders and keep the project organic growth?
Q4. How is $TRY conected to real live payments and economy? Can we see $TRY as a payment method on real life within the two next years?
Q5. Don’t you think that listing on Binance before finishing all the project and ideas will increase $TRY volatility and a huge decrease in the token value?
Thanks for this great AMA!
Kailing Bian: This one is also a good ONE.
Our token economics model combines traditional business model and innovative token model, with the aim of deploying blockchain technologies to traditional businesses and pumping values into the ecosystem. We believe the times of hype has passed and industries need real applications of the blockchain tech.
By bringing franchisees and franchisors, most of whom are from traditional businesses, and integrating the staking and back-back model designed intrinsically by Trias, more businesses can enjoy the new technology and economy of the blockchain, while Trias can benefit from a value-supported mechanism to grow its ecosystem
That’s the answer of your first question and forth question
For the second and fifth, of course we will follow Binance DEX requirements to deposit BNB and we will reward our community’s support and votes, we think listing on Binance will facilitate the development of Trias community and token values
As for your third question, I think I explained above quite clearly, that the staking auction and burning is real rewarding mechanism to our community, which ensures participants will get benefits no less than the average APR in the market now, so pls follow our next Staking Auction, which will be launched soon!
Irina Kravchuk: Great, thank you @KailingBian. I think since you answered more questions from Luis Merino, we’ll take one more question and call it a night, what do you say?
Q4 from Thiyagarajan
Trias has parallel staking systems *Franchise-franchisee Model : How did you attract them to stake Trias?
Kailing Bian: First of all , you need to know that our Franchisors are Organizational and individual developers can utilize Trias infrastructure of chains and smart contracts to develop chains and DApps. they can be a public blockchain, a protocol/toolkit affiliated to Trias ecosystem or an enterprise blockchain product/solution.
Local franchisees have special terms with franchisors on the right to sell products and services to enterprise clients in a region. A typical franchisee can be a distributor of software products with established channel and client resources.
A franchisee can benefit from the sale of the products and gains of the token appreciation during the staking period. In addition to staking, franchisees are required to share a percentage of revenue with franchisor.
The franchisor can receive the income (as in the case of individual developers) or reward to its community based on its token economics (as in the case of public chains).
Irina Kravchuk: Thank you for your time and effort. It’s been quite intense
Kailing Bian: Great team and great community! Happy to be with you guys tonight! Thank you all!
Part 3 — quiz
In the final part we would like you to check your knowledge in terms of Trias. They’ve prepared tricky questions for this part, so everyone could be a part and answer. . All the correct answers you will find at the bottom of this Recap. Enjoy!
Q 1
Which of the following is the features of Trias staking?
A. no new tokens are minted to be staking rewards
B. non-inflationary
C. 2 parallel staking systems
D. A, B, C
E. B and C
Q 2
Which statement is incorrect?
A. Trias is a Full-stack decentralized trusted cloud infrastructure and ecosystem for all-scale, general-purpose, and enterprise-ready applications.
B. TriasForce, a software complex developed by Trias team, is a Decentralized-SaaS(DSaaS) that ensures the trustworthiness of the underlying software.
C. Trias Force now has 2 products, TriasForce Auditing and TriasForce ERP, providing blockchain-based services to clients over different industries.
D. Each of Trias three layers, Leviatom, Prometh and MagCarta, have token economics.
Q 3
Which statement is INCORRECT?
A.The Franchise-franchisee Model incentivizes franchisees of Trias to create an enterprise-grade product ecosystem and token appreciation.
B. The Staking Auction Model allocates values generated from the business activities to the token holders.
C. Two parallel staking systems, the Franchise-franchisee model (for enterprises) and the Staking Auction model (for individuals) are sperate staking system which benefits different people.
D. Trias has designed its MagCarta economic model,the core mechanism is for the economy to pump revenues from the real world back to the community.
Q 4
Which of the following is correct?
A. Trias has economic model for its 2 layers;
B. TriasForce is built on Leviatom smart contract;
C. Recent Trias Staking Auction APR is 120%-1200%
D. TriasForce is a SaaS product.
Answers:
1. D
2. C
3. C
4. D
