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Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Jedstar and our guest was . The AMA took place on the 13th of January
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1?—?introduction and questions from the Telegram&WebSite
Kaiesh V
Hi everyone!
Jonah ???? | Satoshi Club
Hello Satoshiclubbers welcome to our AMA session with Jedstar
Andres M. | Satoshi Club
Happy to see you again, Satoshiclubbers.
Josh G ???|| JEDSTAR
Hi everyone
Andres M. | Satoshi Club
Welcome to Satoshi Club, how are you?
Jonah ???? | Satoshi Club
Our guest for today @Wu_Hu and @kaiesh welcome to satoshi club
Andres M. | Satoshi Club
Welcome, nice to meet you
Kaiesh V
Great to meet you too!
Jonah ???? | Satoshi Club
We are Excited for this AMA
Josh G ???|| JEDSTAR
Thanks @AndresM77 and @Jonahapagu
We are grateful to be here and share more about JEDSTAR to the Satoshi Club community
Josh G ???|| JEDSTAR
Excited too!
Jonah ???? | Satoshi Club
Let’s start Our AMA
Jonah ???? | Satoshi Club
Can you please introduce yourselves to us, how you got into crypto and how the project Jedstar started?
Andres M. | Satoshi Club
Is a big pleasure for us.
Kaiesh V
Coding and gaming are my favourite things to do, and I fell in love with crypto back in 2013!
Kaiesh V
@Wu_Hu and I have worked together professionally in the past?—?which is how we know each other.
Josh G ???|| JEDSTAR
Thanks @Jonahapagu
Well I personally got in 2010, I read Satoshi’s whitepaper and was simply amazed by the idea of a decentralised currency, and never looked back since.
And being an avid gamer and crypto investor, we started JEDSTAR knowing that the key to mass crypto adoption will definitely be gaming
Andres M. | Satoshi Club
Great background, guys.
Jonah ???? | Satoshi Club
Can you tell us a little about what Jedstar is all about?
Andres M. | Satoshi Club
Yes, which was the inspiration to create the project?
Josh G ???|| JEDSTAR
JEDSTAR is a DeFi and GameFi DECO, that is currently has one token $JED that was launched in August and $KRED that will be launched this month on the 22nd.
$JED our DeFi token, that launched @ $0.0001, was well received and will be the store of value and the currency that will earn you more tokens ($KRED and others)
While $KRED is our GameFi token, that will be powering our NFT Marketplace AGORA, our 100 games to be launched in 2022 and the main currency for our Currency as a Service (CAAS), a service we provide to both blockchain and non-blockchain gamin studios/devs
Kaiesh V
@Wu_Hu and I believe that the key to mass crypto adoption is through gaming. Blockchain brings so many opportunities to game developers as well as actual gamers by enabling creators and players to be owners.
Josh G ???|| JEDSTAR
Exactly, being avid gamers ourselves and having spent substantial amount of time and money. We believe through blockchain technology, the gaming industry has an opportunity to give back to it’s backbone; gamers and Artists
Jonah ???? | Satoshi Club
How many members do you currently have on your team?
Josh G ???|| JEDSTAR
We currently have 4 leads
@kaiesh and myself as CTO and CEO
supported by 3 more leaders, in the creative and community space.
As well as over a dozen of team members supporting us in various capacity
Jonah ???? | Satoshi Club
You have an impressive number of people working on this
Jonah ???? | Satoshi Club
Thank you for the introduction
Jonah ???? | Satoshi Club
We will like to proceed to community questions now are you ready?
Andres M. | Satoshi Club
What is your favorite game btw?
Kaiesh V
Jonah ???? | Satoshi Club
Q1 from Telegram User @Modrumz120
I interestingly read from your website that STARSTAKING will transform $JED into a true DeFi token. And JEDSTAKERS will be able to earn up to 120x the amount of $JED in $KRED as part of your first staking program celebrating $KRED’s launch. Can you elaborate more on how starstaking will transform $JED into true Defi-token? I’m curious to know, what’s the difference between the $JED and $KRED tokens? Do you have a maximum number or amount of times of $JED IN $KRED users can earn as part of your staking program celebrating $KRED’s launch? If yes, What’s the maximum number or amount of $JED in $KRED jedstakers can earn? In 2022, when Do you plan on launching $KRED token? Thank you.
Kaiesh V
Starcraft
Josh G ???|| JEDSTAR
Difficult! question!
Kaiesh V
> Do you have a maximum number or amount of times of $JED IN $KRED users can earn as part of your staking program celebrating $KRED’s launch?
Yes, the star staking program will only be available once!
> What’s the maximum number or amount of $JED in $KRED jedstakers can earn?
The maximum is 120x of the $JED that they have!
Andres M. | Satoshi Club
WOW is my favorite one ever
Josh G ???|| JEDSTAR
> Can you elaborate more on how starstaking will transform $JED into true Defi-token?
Yes, well $JED started similar to most ‘meme coins’ in a sense where $JED rewards holders through reflections. THROUGH our STARSTAKING platform, $JED holders will now be able to earn rewards (high APY and APR) in $KRED and in future in other tokens outside of the JEDSTAR DECO
Kaiesh V
This is such a hard question because Dune 2000 was epic, and the latest DOOM was incredible too.
Josh G ???|| JEDSTAR
>I’m curious to know, what’s the difference between the $JED and $KRED tokens?
Simply put, you can look at $JED as your savings accounts that gives you a high interest/rewards and $KRED as your spending accounting.
Holding $JED will rewards you with $KRED which is the currency of our games and NFT marketplace
Josh G ???|| JEDSTAR
We are ready for the next question
Andres M. | Satoshi Club
Thanks for the clear answer
Jonah ???? | Satoshi Club
Q2 From Telegram user @kimzyemma
JEDSTAR project was created to become a DECO (Decentralised Ecosystem) that will revolutionise DeFi (Decentralised Finance), GameFi (Game Finance) and NFTs (Non-Fungible Tokens) by providing true utility and potential income opportunities?—?paving the way for crypto mass-adoption. Part of your visions is to bring back community-driven games that support the backbone of your community, my concern is that, since games should be more about skill and chance, how will you steer clear from pay-to-win gaming trends? Can you give more explanation on how implemention of DeFi, NFT marketplace and GameFi will promote Jebstar project?
Kaiesh V
> How will you steer clear from pay-to-win gaming trends?
Most of our games will be free to start, and play to earn. Additionally, we have designed ways, leveraging blockchain mining and validation, for casual gamers to earn $KRED without investing any fiat/crypto at all.
We have also built an ethical casino that does not allow users to deposit any money, but win real $KRED.
Jonah ???? | Satoshi Club
More like a Free- to Play and Earn
Kaiesh V
Yes! This is one critical part of our ecosystem! In our view it is important to bring gaming, and crypto, to everyone without requiring them to invest heavily to start.
Andres M. | Satoshi Club
Is there any way we can buy $KRED? Where is listed?
Kaiesh V
$KRED will be available on PancakeSwap from 22 Jan
Jonah ???? | Satoshi Club
Perfectly said
Andres M. | Satoshi Club
So near, have you done any public sale? Which were the results?
Kaiesh V
Yes we have completed our pre-sale which was over-subscribed and a great success! We raised almost $3mn during the pre-sale and are so grateful to our community!
Josh G ???|| JEDSTAR
> Can you give more explanation on how implemention of DeFi, NFT marketplace and GameFi will promote Jebstar project?
Let’s start with DeFi:
By holding $JED you are able to generate a constant and passive revenue stream of $KRED which you can then use to purchase, trade, play, wager
Is the combination of gaming and decentralised finance; you will be able toearn $KRED within our games, whether by simply playing, winning tournaments or ther in-game competitions, or selling/trading in-game assets.
NFT Marketplace:
True ownership is an important aspect of blockchain gaming for us, the ability for gamers to be able to win, purchase, traded and sell in-game assets will be in future the norm in gaming
How will this promote $JEDSTAR?
Well the 2 token model will give the oppotunity to develop new economic model, and the fact that $KRED will be used not just within $JEDSTAR’s games, but also outside our DECO will support the adoption of $JED and $KRED
Andres M. | Satoshi Club
Congratulations, we will be waiting for the coming listing to buy officially the token
Josh G ???|| JEDSTAR
$KRED will be launching at the same price as $JED at launch as well. $0.0001
Andres M. | Satoshi Club
Thanks for your complete answers, let’s proceed with the 3rd question of the AMA
Jonah ???? | Satoshi Club
Q3 From Telegram user @ambbobb
While going the through your website, Information was given that 60% of token will be burned in 2 phrases where 45% will be burned at the launch day of the token, also 30% of the token was allocated for liquidity on pancakeswap which will be locked for 1 year. I want to ask for what reason will huge percent will be burned at the launch day then when exactly will the second phrase take place? I will also like more understanding about the buying and selling transaction diagram you provided because a certain percent of sell transaction will be distributed to liquidity provided on pancakeswap, I will like know if the distribution will also be locked on pancakeswap too?
Josh G ???|| JEDSTAR
> I want to ask for what reason will huge percent will be burned at the launch day then when exactly will the second phrase take place?
What you are describing here are the tokenomics of $JED, we used the burning as a way to reward our holders with the taxes that was redistributed from the burns
> I will also like more understanding about the buying and selling transaction diagram you provided because a certain percent of sell transaction will be distributed to liquidity provided on pancakeswap, I will like know if the distribution will also be locked on pancakeswap too?
So for every transaction 6% will be redistributed among the community, with an additional 2% for sell transactions
Regarding the liquidity that is provided into PCS, that will not be locked, as it is dynamic?—?constantly increasing/decreasing
Andres M. | Satoshi Club
Could you share the tokenomics of $JED? What is the max supply and current market cap?
Josh G ???|| JEDSTAR
Ill share screenshots from the whitepaper?—?visuals might work better
Josh G ???|| JEDSTAR
How is this 6% redistributed to community members?
Josh G ???|| JEDSTAR
There is a 6% tax on transactions, that goes directly to the community
Jonah ???? | Satoshi Club
Is it distributed to all holders wallets?
Kaiesh V
Yes it is automatically redistributed proportionate to their holdings
Jonah ???? | Satoshi Club
Great Thanks for clarifying this
Jonah ???? | Satoshi Club
Thank you for your answers
Andres M. | Satoshi Club
Thanks for share it, interesting strategies you have implemented
Andres M. | Satoshi Club
Well, 4th question is knocking the door, let’s proceed
Jonah ???? | Satoshi Club
Q4 from Telegram User @Right_clicK1
Going through the features of your NFT marketplace, I learnt that through your sale and bidding systems, creator can ensure they receive a percentage of future resales which we can also call royalties fee, but I will like to know how the system of your marketplace will authenticate each art work of user because people can easily copy NFT from another platform? Is there any features that will link QR code which will make each NFT to be attached to the physical artwork? Then, If you provided royalty fee for creator what is the percentage of the fee or it is vary?
Josh G ???|| JEDSTAR
Well in terms of authentification, we will work differently from other NFT Marketplace. It will be exclusive and curated and every artist handpicked & doxxed. So you may verify through the blockchain if the artwork was deployed first through AGORA
There will be QR code features to link digital NFTs to the physical artwork
The royalty fee will be determined by the artist. We will aonly be setting limits
Andres M. | Satoshi Club
Will you implement any KYC system?
Kaiesh V
We already have KYC systems implemented, and this will be required for users that interact with us directly so that we can maintain compliance across countries.
Kaiesh V
Our casino for example, even though we don’t accept deposits, we are required to KYC users before they cash out.
Jonah ???? | Satoshi Club
Great choice to allow owners decide on Royalty fees, but have you set any limit yet?
Andres M. | Satoshi Club
Excellent, that will increase the good behavior into the platform
Josh G ???|| JEDSTAR
We are still finalising those numbers, it will follow market benchmarks
Jonah ???? | Satoshi Club
Jonah ???? | Satoshi Club
Thank you for your answers
Jonah ???? | Satoshi Club
Ready for next question?
Kaiesh V
Fire away!
Jonah ???? | Satoshi Club
Q5 From Telegram User @Cheriemike
You have implemented the Proof-of-Play(PoP) mechanism on Jedstar,your aim is to ensure that your game client will be able to analyse the behaviour of players.So how do you motivate players to keep Jedstar reputable?If a player tend not to be honest,what will be the penalty/punishment of that player?Can you do a breakdown of the PoP system design on your platform?Can you also tell us the percentage allocated to reward honest players and how will you issue out the rewards?Please tell us if in the future you will also integrate Proof-of-Gaming (PoG) in Jedstar.Please explain Thanks
Josh G ???|| JEDSTAR
Great question!
PoP is actually a very exciting feature that we are proud of. But it is currently still under review, testing and auditing, and we will not be able to really answer the question at the moment! We will be happy to come back to this tho!
Andres M. | Satoshi Club
How is it better than PoS?
Kaiesh V
There are benefits to the various earning mechanisms depending on the objective of the network/chain/token. PoP in our view is designed to reward those who are most engaged with the ecosystem!
Jonah ???? | Satoshi Club
Thank you for your answers
Jonah ???? | Satoshi Club
Ready for the last question of this part?
Kaiesh V
For sure!
Jonah ???? | Satoshi Club
Q6 From Telegram User @Asela1112
So far, Your main fundraising events are VIP presale, Public Pre-sale & Public launch. Already VIP presale & Public Pre-sale has been completed & Public Launch is scheduled on 22nd of January. So Can you share more details about the VIP presale & Public Pre-sale? How much did you fundraise through those events? Please tell us any special details happened in VIP presale & Public Pre-sale? When we turn in to upcoming public launch, Where will it take place? Will it be held on any kind of Exchange? How many $KRED tokens will there be to sell? Please give us a well detailed description about your public launch event?
Kaiesh V
How much did you fundraise through those events?
In total we raised almost $3mn
> When we turn in to upcoming public launch, Where will it take place?
The token is launching on Pancakeswap on 22nd Jan, with contract address 0x1c50e72b9b7a44bf7e63fe7735d67d82c3e4bf74
> How many $KRED tokens will there be to sell?
$1mn worth of $KRED will be available on Pancakeswap at launch
Josh G ???|| JEDSTAR
> Can you share more details about the VIP presale & Public Pre-sale?
VIP Presale was a llimited presale for our early supporters. Our $JED holders had to apply to participate the VIP Presale and it was a 1st come 1 served basis.
The Public presale was open to all, with the minimum requirement of holding $1000 JED
And we had over 3,000 slots available
Jonah ???? | Satoshi Club
An Awesome opportunity for your community members as well
Josh G ???|| JEDSTAR
> Please give us a well detailed description about your public launch event?
Now that the presale is over and JEDSTAR has built a solid foundation for growth for the next five years, it is time for us to make $KRED publicly available for trading, starting with PancakeSwap as the first DEX where $KRED will be available.
We will be providing $KRED liquidity on PCS on January the 22nd, 2022 @ 2022hrs PT (here’s an easy time converter, where you may add your city https://savvytime.com/converter/pst-to-sgt-utc
Jonah ???? | Satoshi Club
Impressive
Jonah ???? | Satoshi Club
Thank you for your detailed answers
Any additional questions @AndresM77 ?
Andres M. | Satoshi Club
@kaiesh and @Wu_Hu we were very pleased to have you here. Thanks a lot for your complete answers
Andres M. | Satoshi Club
Not at the moment, the answers were so clear
Jonah ???? | Satoshi Club
We will now like to proceed to the second part of our AMA
Josh G ???|| JEDSTAR
Thank you!
Really awesome questions!
Jonah ???? | Satoshi Club
Our members are very much ready to ask you their questions directly
Jonah ???? | Satoshi Club
Are you ready for them?
Josh G ???|| JEDSTAR
Andres M. | Satoshi Club
Now, is time to proceed with the community questions. The live segment is here, we are going to open the chat
Q1 from Telegram user
I read that you have built an ETHICAL CASINO for gamers which is available for users to play. What makes this Casino Ethical? How much deposit will be needed to start this casino and what can player earn from it? Is it $KRED, $JED or other token?
Kaiesh V
Our casino is ethical as it does not accept any deposits in fiat or crypto. In this way?—?no one can invest any of their own earned money. Rather, we are using blockchain mining technology to generate the gaming currency which can be used in the casino. The mining activity generates real crypto which is in turn used to back the $KRED that can be won by casino players.
Q2 from Telegram user Domskyyy
How do you plan to spread awareness of your project in different countries / regions where English can’t be used well? Does you have a community approach for them to better understand the project ?
Kaiesh V
We already have multiple channels for our community allowing users from different languages to take part. Additionally, our games will natively support multi-language?—?the first versions of what we have built internally already support Spanish, Tagalog, Hindi, Kannada, and of course English
Q3 from Telegram user @Himonia
Why Jedstar is not launched on Ethereum Network?
Kaiesh V
Gas fees!
Q4 from Telegram user @shitosan
In an article about your platform it is mentioned that “JEDSTAR is not only a force to be reckoned with in the metaverse space, but this multifaceted project aims to increase the mass adoption of cryptocurrencies…”. With this in mind, and taking into account that we live in a world that is adopting more and more cryptocurrencies every day, I would like to know: in what ways do you from JEDSTAR promote the global adoption of cryptocurrencies as companies? what specific initiatives do you carry out to make blockchain technology known in the world today?
Kaiesh V
Access to crypto and wallet management is still not user friendly. We believe that games will provide mass market adoption, but in order to do so, users need to be able to access and manage their assets in a similar way that they do with apps on their phone today. In this way we are building a “gaming wallet” that can be used by developers and users seamlessly.
Q5 from Telegram user
By this first quarter of 2022 according to your roadmap you will disclose your charitable partnerships, what charitable causes does JedStar support? Will you have a wallet for these donations?
Josh G ???|| JEDSTAR
Yes, we are currently in discussion right now with various charities?—?our target will be mainly children and low income communities
And we will have a dedicated wallet for it
Q6 from Telegram user @Robotliker1
Why did your project choose two tokens model? Will you add more token in the future or not?
Josh G ???|| JEDSTAR
We chose 2 tokens because we wanted one that would be a store of value, while the other a kurrency?—?and investing into our store of value ($JED) will reward you with our kurrency ($KRED)
Q7 from Telegram user @Crypt0Aslan
What is the one thing that differentiates your gaming and crypto adoption module compared to others in competition? How do you expect to outwit them
Kaiesh V
Uniquely, we don’t require players to invest to start, and additionally, we don’t need users to have a working knowledge of crypto either.
Our goal is to reach every gamer, both casual and hardcore?—?but that shouldn’t mean they need to be heavy crypto users! We’re designing our implementations with this as the starting point.
Q8 from Telegram user @surendra040
THERE are many top NFT marketplaces . Can you tell us about your NFT marketplace AGORA uniqueness and strength? What features are available and why should we choose against competitors?
Josh G ???|| JEDSTAR
Our marketplace is curated and exclusive?—?we handpicked all the artists, artists who have extensive experience and revered in the artist community. Most are artists that worked with Disney/Marvel/Starwar, Magic the Gathering, Riot/Arcane
The NFTs launched by these artists would be announced on specific times and dates and only available to first come first serve buyers.
Those who did not manage to purchase the art when they were dropped wil be able to purchase them on the secondary marketplace
Q9 from Telegram user @Thisistoyin
You also said that To be able to stake $JED one must hold and stake at least 1,000 $JED. Well, dont you think the amount is a little bit High? in light of these Development, i would like to know if there are other means that Holders of your Token could be able to Stake A More Lesser Amount of $JED in the nearest Future, i also understand that there would be Free airdrops of extremely rare NFTs, can you tell us on how to be able to participate in this Airdrop campaign?
Josh G ???|| JEDSTAR
Well when these tokenomics were developed when $JED was 0.0001, and looking at the age, current holders and MCP, 1000 now might be extremely low compared to what it would be in a few weeks/months time
Q10 from Telegram user
What wallet compatible with $JED and $KRED? also there are $JED and $KRED token that JedStar have but i want to know do they have same or different smart contract address ?
Josh G ???|| JEDSTAR
All wallets that support BEP20 will support JED and KRED .Both have different contracts
0x058a7af19bdb63411d0a84e79e3312610d7fa90c
0x1C50E72b9b7a44bf7e63FE7735d67d82c3E4bF74
We are also developing our own wallet that will integrate seamless with all our platforms
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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