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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 Sator and our guests were @earnSAO, and @watchHODL?—?representative of Sator. The AMA took place on the 22nd of October.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1?—?introduction and questions from the Website
Luis Merino
| Satoshi Club:
So, we are now starting with Sator AMA
@earnSAO, @watchHODL, you are both welcome
Chris, Sator Co-Founder:
Glad to be here!
| Satoshi Club:
Welcome to Satoshi Club Guys
Luis Merino
| Satoshi Club:
How are you?
Chris, Sator Co-Founder:
Ready! Satorshi and Satoshi Club unite! Haha
Luis Merino
| Satoshi Club:
Let’s go! To start up with, can you please tell us a few words about yourself?
| Satoshi Club:
That’s a Nice twist..
Luis Merino
| Satoshi Club:
Also, make a short intro about Sator
Chris, Sator Co-Founder:
Sure thing. I went to my first crypto conference in 2013, then moved into crypto full-time in 2016. I was an international econ undergrad, worked in trading, derivatives, hedge funds plus a bunch of film, tv, and music productions which happens when you’re based in LA; prior to co-founding Sator. All that background helped with our research at Sator. Isla and I met at Consensus 2017 and we founded Sator about a year ago now.
Chris, Co-Founder:
Sator is a decentralized app and social token which incentivizes traditional content to share value with viewers. Sator’s proof-of-engagement features and play-to-earn economy enable this. Sator is built on Solana and Ethereum. This means Sator can scale to accommodate global tv/film/music/content audiences.
Luis Merino
| Satoshi Club:
2013, you are experienced then
Chris, Sator Co-Founder:
Sator beta testnet is currently live. TGE is in a few days. Mainnet launch of the dApp in less than 2 weeks. From there, new games, features and content continually rolling out.
Haha yea.
Luis Merino
| Satoshi Club:
Sounds pretty good.
Guys… Be ready
| Satoshi Club:
This is Exciting
Chris, Sator Co-Founder:
Yea and a limited amount of Sator tokens are currently available via Genesis Shards.
Luis Merino
| Satoshi Club:
Chris, are you ready for community questions?
Q1 From telegram User @Billz120
SATOR- we understand the Sator.io platform and the Sator (SAO) token create and distribute value across scripted series television participants in a manner that incentives the health and growth of the network and its competitiveness in an increasingly crowded and coveted space. What does Sator aim to achieve in blockchain technology as every platform is poised for something? What kind of scripted series television content does your ecosystem screenplays, does it censor it’s contents like adults CONTENTS?
Chris, Sator Co-Founder:
Cool question @Billz120 yes Sator aims to become the first global streaming platform fully blockchain native, fueled by its native token and NFT-led content. Our 2022 roadmap does a good job laying this out.
Then to answer the other parts of your question, as far as types of tv series: Sator will feature scripted tv, films, music and other content on tbe global scale of YouTube though UX more like a streaming network.
And then yes, there will be child/family settings soon so that the onboarding of kids programming partners can be segmented out. Sator users can choose to filter either way.
Luis Merino
| Satoshi Club:
2022, Q1. Multi-chain expansion
Which chains are you willing to integrate?
Chris, Sator Co-Founder:
We’ve looked at products from Chainlink, Flow, Polkadot and few others. Talking to all them?—?their engineers talking with Sator engineers. Evaluating which and how may add value for Sator users.
Luis Merino
| Satoshi Club:
Lovely! Thank you for your answer
Ready for the second question?
Q2 From Telegram User @Ask4Unik
I noticed that Proof of Attention(PoA) replaces Proof of Work,can you please explain more on this new mechanism and why do you think its better of than PoW? I also noticed a Referral Approach when a viewer shares a link to a friend suggesting they subscribe to a streaming network in order to watch a particular series where embedded in the link is a smart contract that unlocks a flow of value to any combination of viewer,friend network series when conditions are met-friend subscribing to the streaming network being example condition why the referral?Does this approach attract more viewers and SAO rewards?
Chris, Sator Co-Founder:
@Ask4Unik hi Eunice, yes in the proof-of-attention economy model I think you are pointing out the far lower cost in terms of energy and computing power right. Sure it’s a nice aspect. We arrived at this model based on asking the questions of how far has blockchain progressed to date and how can the latest edge of innovation apply to solving the biggest challenges and pain points in traditional media in a way that grows crypto overall. Sator was the result. Traditional content always struggles toward audience growth and retention?—?especially in today’s post-must-see era of TV. Traditional content rights holders compete for subscriptions bc that’s become the primary form of monetization for them. Meanwhile, at the end of the day, is it fair that billions of viewers create value and all that value gets centralized. No. Thus, Sator built a platform to solve contents challenge of growing and retaining viewers/subscribers while diffusing value back to the people who create the value by viewing. The referral program you point out is a further example of precisely that.
Isla Rose | Sator CEO
As the viewer completes actions fulfilling smart contract conditions, flows of payments or other outcomes (such as NFTs, voting rights, badges, etc.) are unlocked. These flows can be programmed to automatically disperse pro-rata to various stakeholders, including, but not limited to: viewers, groups of viewers, series producers, advertisers, network distributors or other affiliated stakeholders. Payments occur in an essentially similar way to how coin mining works, only with Proof of Attention/Engagement replacing Proof of Work as the relevant metric for this economy/
| Satoshi Club:
This is detailed enough..
Ready for the next Question?
Luis Merino
| Satoshi Club:
Very detailed
No room for doubts.
Q3 From Telegram User @Cheriemike
I noticed that you users can be rewarded by engaging in “Hop between realms”, “play head-to-head trivia”,and “quizzes”.But I can’t find where I can play them.So what topics will your trivia game and quizzes consists?Will it have segments like tv series,music etc?I am much familia with trivia and quizzes and not Hop between realms,so can you tell us the features of the game?I downloaded your app but couldn’t find where to play the trivia/quizzes,will it be that I will have to watch a movie serie before I can access the game?Please explain Thanks
Chris, Sator Co-Founder:
@Cheriemike yes you can play head-to-head trivia rn in the beta version of the app. Yes, you have to watch the show/film either before or during as you play?—?if you want to win.
“Realms” are how we refer to the mini-metaverses of each tv show, film or music video in Sator.
Isla Rose | Sator CEO
Download the Sator app and enter Realms based on content, artist, streamer, etc. Inside of these realms, trivia will be directly tied to the content you are watching/have watched, and by answering everything correctly, you are rewarded SAO.
Chris, Sator Co-Founder:
And reminder rn it is test tokens you win. In less than 2 weeks, very beginning of Nov, mainnet of the app launches and from then on you win actual Sator tokens (SAO).
| Satoshi Club:
Exciting..
Chris, Sator Co-Founder:
Oh and @Cheriemike yes to win your way into unlocking a realm, you have to answer a verification question usually from the first 60 seconds of whatever your watching. (Or you can buy your way into unlocking a realm using SAO)
| Satoshi Club:
Will it be same amount of SAO for each Realm?
Chris, Sator Co-Founder:
It is not. Diff realms reward diff amounts of SAO.
| Satoshi Club:
Chris, Sator Co-Founder:
SAO also can be tipped to people who are great at writing reviews. You can tip SAO to reviews you really like. Nice side hustle for aspiring tv/movie/music critics!
| Satoshi Club:
Yeah, a nice side Hustle..
Thank you for your answers
Ready for next question?
Q4 From Telegram User @RuthPius
Referencing your white paper, you talked about how television series viewers on Sator.io platform can easily unlock rewards by satisfying a contract’s predetermined conditions and User engagement will be the measurement by which these predetermined conditions may be satisfied. My questions are, Can you tell us some of the rewards users can unlock in Sator.io? What are the predetermined conditions users need to satisfy in other to unlock these rewards? How do you evaluate users engagement on your platform? Are users activities or actions on your platform evaluated against certain metrics? What are these metrics? Lastly, are viewers the only people entitled to receive these rewards?
Chris, Sator Co-Founder:
Thanks @RuthPius
Rewards on Sator are all in the form of SAO. Amount of SAO is set by the content partner. The content/tv/film/music partner decides the SAO amount they stake to support their content and select the engagement activities such as trivia or other games (many incredibly fun games are in development rn with Sator engineering team). So those become the ‘predetermined conditions’ to be fulfilled to unlock the rewards smart contract. Yes, only viewers engaging in the content are able to win the rewards bc that is how the rewards are designed.
Isla Rose | Sator CEO
Conditions are entirely dependent on the content at hand and our content partner?—?a cool example?—?we partnered with a music festival Welcome To Rockville. Conditions of proving engagement at a music festival are quite different from one of our television partners/artist/streaming partners. At a music festival, people in attendance will follow treasure hunts directly at the venue and scan the QR code’s from the sator app to unlock collectibles, VIP tickets, and/or SAO tokens. The metrics at which our users receive rewards are entirely customizable based on the level at which we / our partners tokenize engagement and what that means in each realm
Luis Merino
| Satoshi Club:
Thank you both for the great answers
| Satoshi Club:
Can you share with us your Tokenomics?
Chris, Sator Co-Founder:
Total token supply is 500,000,000 SAO. >40% first directly goes into rewards pools to users on the platform. Those pools are replenished long term both by in-platform fractional transaction fees and more by content partners restaking new rewards into new contracts.
Luis Merino
| Satoshi Club:
And how much for the team?
Chris, Sator Co-Founder:
Inside Sator, the native Sator wallet enables staking to increase rewards payouts. Staking is good for the token economy so there are good staking incentives both in-app for viewers plus to the content rights holders activating onto the platform to stake more to gain more audience engagement.
Team 12.8% and takes 3 years to unlock with a 10mo cliff so you know the team is dedicated. Advisors (2.8%) include both crypto community leaders and top film/tv industry.
| Satoshi Club:
Ready for Next question?
Chris, Sator Co-Founder:
Luis Merino
| Satoshi Club:
Thank you
Q5 From Telegram User @Jamesxmen
SATOR App is on testnet version. I downloaded the app from the google play store & registered. There are a lot of NFTs for higher prices & TV series in Sator App. Actually, I am new to this app. So, Can you provide me a guide to using it as a way of earning some $SAO free? How many amounts of $SAO Can I earn by watching a TV series? Can I buy $SAO directly through the SATOR App so that I will be able to purchase SATOR NFTs? Before I register, It asked me for my mail address, etc.. Will my sensitive information be safe within Sator ecosystem? Will they not be leaked to other data sources?
Chris, Sator Co-Founder:
@Jamesxmen yes you can earn tokens by watching the tv/film/music/content on your tv or other devices while you play Sator on your phone. Sator trivia and games are designed so that you can win them if you actually watched or are watching the content.
Isla Rose | Sator CEO
Check out the Highest rewarding section on the home page. Also, watch squid games! That’s been quite a popular realm. If you’re just getting started, feel free to earn SAO tokens in the Sator learning realm (also found on the home page)
Chris, Sator Co-Founder:
Currently, you cannot buy SAO inside Sator. Inside Sator platform, you can earn SAO.
To buy more SAO, you could go to the DEXs and CEXs where SAO lists next week onward.
| Satoshi Club:
Do share your listing news with us
Chris, Sator Co-Founder:
Yes good point! Prob everyone in this TG right now can win the Sator learning realms which are based on Sator website etc.
| Satoshi Club:
Do you have a link for easier access?
Luis Merino
| Satoshi Club:
Btw, SatoshiClubbers, don’t forget to join @SatorSAO
Chris, Sator Co-Founder:
Uniswap date will be announced today. IDO will be announced today. CEXs will be announced in a week.
Isla Rose | Sator CEO
Join the Sator beta
https://testflight.apple.com/join/W7bXrXLa
ANDROID: https://play.google.com/store/apps/details?id=com.satorio.app
| Satoshi Club:
Thank you for sharing..
Ready for the last question from this part?
Chris, Sator Co-Founder:
Then once you are in click on Sator realm.
Luis Merino
| Satoshi Club:
Many announcements soon.
Chris, Sator Co-Founder:
Q6 From Telegam User @Emidm28
I noticed that Sator has an ambassador program available. It is a very important tool to expand Sator globally, to people from different countries and different languages. What do you look for in Sator ambassador candidates? Can you give us a description of the ideal candidate to be a Sator ambassador? What additional advantages and benefits will users who are part of this program receive?
Chris, Sator Co-Founder:
Yeah the AmbasSator program is awesome. 1 AmbasSator from each region will receive extra tokens incentives tied to their own unique referral code. And official AmbasSators get a special badge inside their Sator profile. @Emidm28 terrific question! Bc in fact our marketing team is super focused on this program rn so its a great time to apply: https://www.sator.io/ambassators
Luis Merino
| Satoshi Club:
ambassador
Love the term you use haha
Guys! Go and apply. Take your place
| Satoshi Club:
I’m sure interested members here will apply
That wraps up the first part of our AMA
Q1 from Telegram user@ashwini_Crypto
Multi-chain Project are very trendy these days, As Project is very new & Many Project are starting with multiple chains, In Future, What plans do you have to integrate various other chains?
Isla Rose | Sator CEO
Yes, we are super excited about being multi-chain. We are native Solana, and use a wormhole to bridge to ETH. We will use Polygon to scale our ETH-based NFTs and are also exploring ways to get our realm chats on-chain through a substrate-based model. Oh! And we are also using Chainlink keepers and verified randomness throughout our dApp.
Q2 from Telegram user @mercy_global
With so many NFT projects coming into the Crypto space, The survival of Projects in the long term becomes very less, Do You think the same way?
How are You going to Approach this market?
Isla Rose | Sator CEO
We expect to see massive consolidation over the coming years. Sator is NICHE in both the founder’s long-term vision and our immediate product. We are using blockchain to level the playing field and decentralize value in the media and entertainment ecosystem. I don’t see other projects tackling such a unique proposition?—?seems like everyone is building a DeFi platform or an NFT minting studio. We have an NFT marketplace in our dAPp, which plays a role in our realms, but that’s not all. we have a unique set of features.
Q3 from Telegram user @Kathdm
I read on the website that viewers who hold SAO are rewarded for interacting with series content. How many SAO tokens must we have to be able to interact within the Sator platform? Must we also stake our SAO tokens in order to participate in the network? How much is the minimum of SAO tokens that we must have at stake to be able to participate? Will the rewards we receive an increase as our interactions increase?
Chris, Sator Co-Founder:
Hi Katherine?—?you are not required to stake to get into Sator. Inside your Sator wallet, you will have the option to stake. There are staking minimums as well as minimum staking times before you qualify for the next higher level of staking rewards. Staking increases the rewards you receive for engaging with content.
Q4 from Telegram user @Crypto_84
How would staking model work on a platform like sator, Can You explain by giving an example?
Isla Rose | Sator CEO
Our platform uses an automatic staking model. Our contracts are written in Rust and happen over Solana. In the current state, staking has different levels, ‘tiers’. The more you stake, the high multipliers of rewards you earn throughout the entire platform! We made sure staking is as easy as it is in the Phantom wallet, and can be accomplished in Sator app with just a few clicks.
Q5 from Telegram user @potentialsake
Even though crypto projects are gaining power day by day there are still people in the world who don’t know anything about blockchain and crypto so how can you get these people in the crypto world?
Isla Rose | Sator CEO
Sator is the perfect project to bridge this gap since we are targeting Entertainment consumers and content creators. Our UI/UX has been specifically designed for everyone, regardless of past experience or technical knowledge. We believe projects like ours is what will get more and more of the general public into crypto?—?we make it easy and super fun.
Q6 from Telegram user @KevSalom
Could you please specify or describe a little more specifically what activities Sator will reward its viewers for? Is there a certain minimum time that the user must watch a program to be rewarded? Do they have to do any additional social activities or what?
Chris, Sator Co-Founder:
Hi Kevin, there is no minimum time. Games on Sator are designed so you cannot win them without watching. There are options to share your referral code onto your social or to share that you’ve “earned SAO for watching…” onto your social to earn additional rewards.
Future games on Sator even allow you to collect NFTs of characters from diff shows and use them to compete in team games on Sator.
Q7 from Telegram user @Ratash97
What are the different ways to earn SAO on the Sator platform?
Isla Rose | Sator CEO
SAO is the native utility token that is used for:
*unlocking gamified content realms in Sator application
*Automatic in-dApp staking of SAO tokens gives higher rewards multipliers throughout the platform
Used for governance votes to determine community sentiment of content.
*Purchasing exclusive NFTs on Sator’s in app marketplace
*Vote for plot decisions e.g. Romance-a-character NFTs with the embedded right to influence a characters fate
*Streaming rewards: QR code scanning for proof of viewership.
*Interactive rewards from in-dApp challenges in alignment with the Sator proof-of-engagement mechanism.
*Redeem SAO for exclusive content: Behind the scenes, casting, scripts, interviews
*Pay SAO for digital + physical show merchandise and exclusive experiences with our content partners
*Pay in SAO to participate in exclusive VR/AR experiences
Q8 from Telegram user @atmaca111
Will viewers with SAO tokens get more rewards than other viewers? How much $SAO do we have to have and do we have to lock these tokens to enjoy all the privileges on the platform?
Chris, Sator Co-Founder:
Yes. Having more SAO accesses more rewards on Sator. More SAO means you can stake SAO to increase rewards, use SAO to unlock realms, spend SAO to collect NFTs with utilities such as playing certain games that reward additional SAO.
Q9 from Telegram user @adamsari30
What are the benefits of SAO?
And what is the purpose of the SATOR network?
Isla Rose | Sator CEO
SAO tools include:
Solana-rust-contracts which includes standard data structures and testing tools for Rust and automatic staking in Sator dApp
*Sator in dApp Wallet lets audiences and rights holders alike create streamlined user experiences.
*Wormhole for cross-chain interoperability between SOL and ETH
*Chainlink Keepers and Verified Randomness
*In-App SAO NFT Marketplace
*On-chain rewards system, based on Solana
Q10 from Telegram user @leixagarcia
A major problem facing cryptographic projects that are useful in everyday life is the control of centralized Monopolies. In this context, how do you plan to deal with Netflix or Amazon Prime? People seem to be happy with them
Chris, Sator Co-Founder:
Excellent point. And when you look at how Netflix began, it’s exactly how Sator is beginning now. As an innovator entering the content industry with a turnkey improvement to the traditional model. Netflix grew from an add-on service into DVD delivery into streaming just as Sator has entered as an NFT turnkey solution and audience growth solution…from here, Sator can reach critical mass to continue decentralizing value from those monopolies to their viewers. When Sator pivots to stream content, the inherent rewards payouts to viewers, underlying blockchain tech and NFT-driven experiences will push the content industry into a more decentralized model the same way Netflix pushed content into streaming and then unbundling.
In the final part, we tested your knowledge in terms of Sator. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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