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 Valhalla and our guest was @Candie Mann and @RobinHODL . The AMA took place on 23 February.
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
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Valhalla! Welcome to Satoshi Club
Gold Rocket | Satoshi Club:
Good evening, dear community!
Hello, @Crypt0Candie @RobinHODL!
Candie Mann:
Hello Gold Rocket. Good evening gentle people of the Satoshi Club.
RobinHODL:
Hi! Happy to be here
Mary | Satoshi Club:
So, guys, please, introduce yourself and tell us more about Valhalla
Candie Mann:
We are anonymous members of the project Valhalla.
We have contacts in this industry for a long time and have been working in this space to have seen a lot of things.
Our being anonymous is to add to the fact that we are here to support other anonymous creators.
(And no we’ll never doxx ourselves).
Now, coming to Valhalla. This year was an amazing start to the bull market with BTC breaking ATH. But the most interesting observation was the resurgence of meme coins. With all the GME fiasco, we’ve seen GME/AMC pegged rebase coins and Doge clones, and cat coin, pug coin, bulldog token and what not.
Quite surprisingly people rushed to buy all these coins.
Unsurprisingly however half of them took the investor funds and went off-grid, the other half dumped their “team tokens” and the remaining locked half of the liquidity on unicrypt and rugged the other half.
So we’ve observed an opening in the market and the necessity for a platform for people to speculate on their intently desirable meme tokens (among other things).
RobinHODL:
My name is RobinHODL. I’m a cryptocurrency and all-around art enthusiast. Including the art of memes. Hence why this project and all it stands for is the perfect combination of our skill set as well as our passions. Working closely with Candie Mann, as he’s said. Being here so long, we have spotted the areas in crypto that worked well and the areas that needed fixing. With Valhalla, we aim to bring out the best of not only our talents but out of all the greatest that Defi has to offer.
Candie Mann:
Sure the volume on meme tokens is far greater than on utility ones.
Gold Rocket | Satoshi Club:
Which path did Valhalla take?
Mary | Satoshi Club:
Also, do you understand that most of the projects that took people’s funds had anonymous teams? Don’t you think that by staying anonymous you probably won’t have 100% community trust?
Candie Mann:
Valhalla was a completely fair and stealth launch with incentivized farming to secure the liquidity from and for investors.
We had no presale, we didn’t do any marketing. Our project was discovered by 80 people even before we launched, using token launch scanners and uniswap liquidity scanners. We were listed on hotnewcrypto on the 2nd day of our launch and we secured 2.6 million in liquidity within 6 days of launch. That was when we hadn’t even started spending on marketing.
RobinHODL:
We have not taken the easiest path to get here, by any means. We have decided to go with an anonymous & stealthy launch, like Bitcoin.
Candie Mann:
Well, that’s a concern, so we have taken all the time to explain to the community how every bit of our contract works, and they have no necessity to trust us. They just have to trust the viability of the ethereum network.
RobinHODL:
The coding, being open-sourced, means anyone can confirm the legitimacy of the code for themselves.
Mary | Satoshi Club:
Good start, btw. So, you self-funded project?
Do you plan some audits?
Candie Mann:
Interestingly we have a really educated community at Valhalla. The queries and discussions there are not the usual meme coin chat.
RobinHODL:
We currently are in the process of having an audit done by #WARONRUGS.
Candie Mann:
Since the Val contract is just a farming contract comprised of OpenZeppelin sources of ERC-20 and Uniswap library sources of the factory, we didn’t find the necessity. But for the sake of the community’s trust, we decided to do it anyway.
Gold Rocket | Satoshi Club:
Well, your intro was great! ready to jump into community questions?
RobinHODL:
Let’s do this!
Gold Rocket | Satoshi Club:
Q1 from Telegram User @JesusFre1tes
We know that “Valhalla” comes from long-standing Norse beliefs. Why have you been inspired by this Norse and Viking heaven to name your project with the same name? What are the aspects of the project that have similarities with the Valhalla of the God Thor? Could you tell us more about this?
RobinHODL:
We love the old Norse tales of the gods. We see ourselves as humble, strong folk like the Vikings who believed in them were. They were seeking riches and glorious lands and they would fight with the greatest passion. All on the path to Valhalla (heaven) Or: A common goal.
We try to encapsulate the spirit of the Viking in everything we do. Hence: Valhalla.
Candie Mann:
It was more of a friendly gag. We have this “To Valhalla” thing among us, instead of “To the moon”. So, Valhalla was essentially created as much for the safety of our friends as for the rest of the community. But I’m sure Robin will explain the meme aspect of it even better.
Mary | Satoshi Club:
What do you like more riches or glory?
Candie Mann:
If given the choice glory over riches any day.
RobinHODL:
Thankfully, VALHALLA intends to be the perfect combination of both
Gold Rocket | Satoshi Club:
Thank you very much for the answer! ready for the next question?
RobinHODL:
Glad you appreciate
We try to be as artistic as we can where we can. We like adding layers to everything and having a unique flair in the way we do things.
Candie Mann:
Let’s proceed to the next one then.
Gold Rocket | Satoshi Club:
Q2 from Telegram user @Xusuo
Valhalla will have “Initial distribution offerings” (IDO’s) and distributed among 5 different levels of allocation, for the 2 participation methods available. Can you pls give the reason why you make this system? Is this like a rank system?
Candie Mann:
This system has been designed to introduce fairness to distribution.
Instead of opening up the offerings for those with the highest gas offerings or the fastest bots, it is better to provide predefined allocations for the participants of VAL according to their holding/farming.
This incentivizes long-time VAL holders and eliminates speculators.
Yes, this is like a rank system followed in the lines of the already establishing DuckDAO incubator.
RobinHODL:
We go into further details about how the IDO tier structure is laid out on our medium: guidehalla.medium.com
Basically, we want to reward our greatest representatives and backers the most.
Candie Mann:
As a matter of fact, we have promised our EOY goal to get a tweet from Elon himself.
After his tweets have been raging fire in the market.
Meme coins pump because of Elon tweets and… well mostly just Elon tweets.
RobinHODL:
He has definitely expressed his love for meme coins, and we love some of the things he has been able to accomplish, especially for the recognition of crypto as a whole. We hope to get his support for VALHALLA by EOY with the help of our Viking community.
Candie Mann:
Valhalla has introduced an innovative one-click farming mechanism to prevent users from the additional hassle of going through all the trouble of adding liquidity themselves and staking the lp tokens. It saves them a lot of gas too.
You can farm VAL right here at farmhalla.valdao.org.
RobinHODL:
It’s really a 1-step process if your wallet is already connected. Awesome work by Candie Mann.
Mary | Satoshi Club:
Got it! Thank you! You will audit your platform also, right? And what is the current APY, btw?
Candie Mann:
There’s not really much to audit there.
But sure Oasis platform will be fully audited.
With the high gas, we haven’t had many farmers or buyers.
But with an increase in the price of VAL, the APY increases as well.
Mary | Satoshi Club:
Thank you for your answers, guys! Ready to proceed?
Candie Mann:
Yes. Let’s proceed.
Gold Rocket | Satoshi Club:
Q3 from Telegram user @Rosane1a8
Valhalla has 3 different components, Valhalla Farm, LSD and Oasis. If I want to use it for my token, can I use the features of the 3 components at the same time? Why do they have to exist separately?
Candie Mann:
They are separate because there are independent products existing exclusively but work in synergy to improve the performance of the ecosystem.
And sure you can use the features of the 3 components at the same time.
You hold VAL for our exclusive IDOs.
LSD is a rebase coin pegged to VAL. Hence with an increase in the price of VAL, so does LSD.
Also, on the other hand, an increase in demand for LSD increases the supply of LSD.
LSD is the utility token of the Oasis platform and required for the LSD paired token launches.
RobinHODL:
Each component underneath the Valhalla ecosystem is its own unique product. We’ve found a way to synergize these platforms to help support and boost themselves while working off of each other.
Candie Mann:
VAL is the native token of the ecosystem and is required to participate in our exclusive IDOs.
VAL has a total supply of 8888, and subject to change according to user demand.
Mary | Satoshi Club:
So, the LSD token is also tradable on Uniswap, I guess?
Candie Mann:
LSD is a rebase token pegged to VAL.
Usually in rebase tokens pegged to other altcoins, the demand in the rebase token is not reflected in the pegged asset.
But with LSD being pegged to an asset of a similar market cap existing in the same ecosystem, with an increase in demand for the ecosystem, all of them increase in price.
LSD utilizes the business model of offering exclusive pair listing for other tokens to launch, thus securing them liquidity incentives with increased lsd in the pool with the gradual increase in demand for LSD over time.
RobinHODL:
$LSD is yet to be released.
Candie Mann:
LSD will be launched at a later date and the sale of LSD will be conducted in VAL initially and an ETH pool later. So VAL holders are provided easy access to LSD.
And finally coming to Oasis.
Oasis combines the services of Bounce, Unicrypt, and Teamlock into one, so that at the time of a token sale the investors know exactly what proportion of their investment is going where.
With Bounce sales, even though Unicrypt and Teamlock exist, users are left at the mercy of the team to use the services and not exit with their funds midway.
Mary | Satoshi Club:
You will have a sale for LSD, right?
Candie Mann:
Sure!
It is scheduled for April 1st, subject to change with market sentiment and price action.
Mary | Satoshi Club:
When you plan Oasis to go live?
Candie Mann:
In the same week as the LSD launch.
RobinHODL:
Basically, we’re combining all the presale platforms into one + making it better.
Mary | Satoshi Club, [23.02.21 19:26]
Ready to go to the next question?
Candie Mann:
Let’s proceed to the next one then!
Gold Rocket | Satoshi Club:
Q4 from Telegram user @kherrera22
Regarding “VALHALLA DAO”, it is known that currently the ETH network, is going through obstacles such as high gas and transaction delay, so what strategy are you employing so that these obstacles do not interfere with your ecosystem and the quality of your services? And is it in your plans to expand your services so that in the short or long term, your ecosystem will serve as an incubator for the safe launch of TRX tokens?
Candie Mann:
Well, we haven’t looked into TRX yet. But we have multi-chain launches in our plan. Does TRX have Chainlink integration?
RobinHODL:
Before the gas got really bad, the farming contract was built to be as streamlined and cheap as could be possible, relatively.
Mary | Satoshi Club:
A lot of projects also are moving to BSC? Didn’t you think to launch there?
Candie Mann:
Well, we have scheduled launches on BSC and HECO chains and MATIC and xDAI side-chains.
I am working with another dev team on a side project to create the first trustless universal multi-chain bridge targeted at all ERC-20 compatible tokens.
That will take some time, however, but once the bridge is launched we will integrate VAL on all the platforms into the bridge to work seamlessly across all of them.
Mary | Satoshi Club:
Ready to proceed, guys?
RobinHODL:
Ready!
Candie Mann:
Initially, the BSC launch wasn’t planned until mid-march, but looking at current gas prices, we are looking at migrating to bsc as soon as possible.
We’ll inform our community if/when we do it and will make the transition as smooth as possible.
Gold Rocket | Satoshi Club:
Q5 from Telegram user @Antoni_azx
Valhalla is offering 2 participation methods:
-Diamond Handed Holder and
-Gem Farmer
Which one is better if I want to make an investment in a short time? Also, Is it needed an identity to access these methods, or people can participate in anonymity?
Candie Mann:
Well, Gem farmer is the better choice right now considering the high APYs. And by farming, you get access to both the methods, as you hold your farming rewards and not dump them immediately.
And as for participation, it is anonymous and open to all.
There are no KYC requirements whatsoever.
One of our reasons for remaining anonymous was also to avoid token sale regulations across certain countries.
That way we can make our platform as trustless as possible.
RobinHODL:
We encourage people to become Gem Farmers, that way they can also automatically become a Diamond handed holder through the passive $VAL earnings on their $ETH deposit
Mary | Satoshi Club:
Btw, how many Gem Farmers you have currently?
Candie Mann:
Farmers don’t even have to claim their rewards and go through the gas.
When taking the allocation snapshot, we’ll look into their rewards for them.
That’s a hard guess to make. We don’t have an account of the number of farmers, but considering the liquidity, we definitely have 400 farmers at the bare minimum.
RobinHODL:
We tried to think of everyone who would be potentially participating in every step of our processes
Mary | Satoshi Club:
Everything is clear for me
ready for the 6th and last question from this part?
RobinHODL:
Ready!
Gold Rocket | Satoshi Club:
Q6 from Telegram user @AugusS7
In your blog of Medium, they mention that the most promising projects for 2021 have been those that use memes, but really what relationship do memes have with the Valhalla incubator? Does your project plan to eliminate memes on the blockchain? or will they adapt to them?
RobinHODL:
We plan to be a launchpad (or Kickstarter) for all kinds of projects anon or otherwise, meme or otherwise. We love meme coins and the meme culture within. We’re definitely here to adapt, improvise, and overcome.
Candie Mann:
I’ll use an analogy of our users incited in the community.
We are in the middle of a crypto gold rush. And Valhalla is like a pickaxe. You won’t find gold in every hole you dig, but to dig those holes, you’ll need the pickaxe. Hence Valhalla lies above them all.
RobinHODL:
Valhalla is the pickaxe in the Goldrush.
Mary | Satoshi Club:
Maybe some preferences for meme coins?
Candie Mann:
Not right now.
Our first launch on oasis will be one of them.
We’d rather show it than say it.
Mary | Satoshi Club:
Are you already looking for the first projects for your launchpad?
Candie Mann:
We already have 3 projects lined up for IDOs.
Surprisingly they reached out to us.
We are amazed by the community support and will continue building.
Gold Rocket | Satoshi Club:
Thank you very much for your answers and great mood! Ready for a storm of community questions?
Candie Mann:
Let’s open the floodgates to Valhalla.
Part 2?—?live questions from the Telegram community
Q1 from Telegram user @ Cengizhan Tekin
Valhalla has 2 tokens: VAL the governance token and LSD the currency token. I read that LSD is an elastic supply that will be pegged to one-hundredth of the price of VAL. Then why did you create this second token instead of using just a unit like a satoshi or gwei? VAL cent maybe…
Candie Mann:
Great question.
But LSD and VAL are separate tokens with separate utilities.
The one-hundredth association is just a mere coincidence to maintain a healthy ratio with the price of VAL.
It could also be one-thousandth.
Q2 from Telegram user @ Angelo Salas
In ancient times, the Vikings were known for tenaciously expanding their domains, many of which were won after long wars with other European peoples. Taking into account the inspiration Valhalla takes from these ancient warrior people, do you think you will be able to dominate not only the European cryptocurrency market but also other markets such as Asia and North America, just as the Vikings dominated other lands hundreds of years ago?
RobinHODL:
We believe that our Vikings are a special breed, and can be found all over the globe. We’re here to fight together as the everyday person. And that message resounds far and wide. With your help, we’ll see the great dominance of Valhalla worldwide. Like the great warriors of old.
Q3 from Telegram user @ tehMoonHunter
Sir @RobinHODL How is the support that Interop offers to the Token that it has in its list to give the price in real-time without modifications, do you use an oracle for the data $ VAL $ LSD $ TRIP $ TROP?
Candie Mann:
We use the uniswap oracle for the token price of VAL and LSD.
And TROP is just our official NFT partner.
We are not responsible for the development of Interop.
Q4 from Telegram user @ Gutierrez04
You mention that the rewards of cultivation in FARMHALLA will be cut in half every 8 days, if so, how long will that cultivation last? I understand they do it for the limited amount of VAL, but wouldn’t reduce it that much be unattractive?
Candie Mann:
Reducing the emission will increase the rarity, and hence the price and consequently the will to farm.
Q5 from Telegram user @ Ramon Pila
Lately, many projects are being developed on the ERC20 platform, however, nobody wants to assume the high costs of gas, so what mechanism do they have in order to avoid these high rates?
Candie Mann:
The VAL farming contract has been optimized to use the lowest amount of gas possible.
Also, we are looking into future cross-chain integrations.
Q6 from Telegram user @ Cesar Sanchez
I read in your mediums the different characters that are obtained with each level of gem farmers, for this creative idea do you plan to integrate more famous characters that attract more to the community lovers of Vikings such as Ragnar?
RobinHODL:
We have spoken to another actor from Vikings. Ragnar is hard to get a hold of these days as you’d imagine… But we have plenty more celebrity shoutouts in store. If you didn’t already know about the ones we’ve had. Check out the pinned posts in @chillhalla.
Q7 from Telegram user @ Ariana
Valhalla wants to create a paradise “the safe-haven investors need” to speculate on Meme coins and anything they want to invest, how are you backing up your investors to have all the fun in cryptos and don’t lose anything?
Candie Mann:
Ah, Ari! You’re here too!!
A thoughtful question again.
The Oasis platform locks up the amount of liquidity raised automatically along with the team tokens vested as soon as the sale finishes without the team having to intervene to do so manually.
That way the risks associated with investing in anonymous projects are mitigated.
Q8 from Telegram user @ Impostor
May I know what is the requirement to create a sale on the oasis and How about if users want to create content on your platform? Do all people from around the world possible to join, is it need KYC?
Candie Mann:
Anybody can create a sale on Oasis.
There are no KYC requirements whatsoever.
As content creators, we have a pretty active community who create lots of memes, digital at and even rap songs.
If you want to create content on behalf of our community, you are welcome to do so.
Q9 from Telegram user @ CryptoFinally
Is this project built like opensource and can anyone fork from your project?
Candie Mann:
Hey Cindy, how you been? Anon smirk
Well, you can fork Val at your convenience, as all the contract sources are complete.
(But we’d want you not to do so. If you have a suggestion for improvement, you could as well reach out to us and we’ll integrate it.)
Q10 from Telegram user @ Joxes | C R Y P T O W A V E
Your incubator project is focused on ERC-20 tokens, however, there is also a growing interest in Non-Fungible Tokens (NFTs), do you have plans to incorporate this technology into the project?
Candie Mann:
Precisely yes.
We have our exclusive NFT partner Interop.
And in the future, we are going to incubate one of our own amazing NFT projects in Valhalla.
We love NFTs at Valhalla.
Part 3?—?Quiz Results
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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HELPFUL LINKS
Ecosystem home: valdao.org
1-click $ETH farming for $VAL: farmhalla.valdao.org
Buy Valhalla $VAL at: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xddd2ec6bd01506a8510aba02393fb058d9f6ce89
Dextools price action:
https://www.dextools.io/app/uniswap/pair-explorer/0x2b8d45301102ded092be78e883dcb5d7f8733ff0
GIVEAWAY INFO
https://twitter.com/ValhallaDAO/status/1360378408941846530?s=19
Medium: guidehalla.medium.com
Twitter: twitter.com/ValhallaDAO
Telegram: t.me/chillhalla
UniSwap pair info:
https://info.uniswap.org/pair/0x2B8d45301102dED092Be78e883dCb5D7F8733Ff0
Etherscan info: https://etherscan.io/address/0xddd2ec6bd01506a8510aba02393fb058d9f6ce89
