Satoshi Club x acBTC AMA - $1500 Reward Pool

[Cyberdapps]

We are pleased to announce our next AMA on October 17th 2020 at 03:00 PM UTC Time: Satoshi Club x acBTC 
 ⚠️Total Reward pool: $1500

⚠️Requirement:
👉 Join acBTC   TG group
👉 Follow Twitter
👉 Follow acBTC   Twitter


We will have the following structure:
Part 1️⃣: $350/12 users- We'll select 12 questions from the community. A user can post maximum 3 questions. 9 Questions will be selected from our website - please submit your questions on our official announcement at this link and 3 random questions will be selected from Bitcointalk thread, please post your questions in this thread. Only 1 post is allowed per user (3 questions can be written in 1 post)

Part 2️⃣: $350/15 users Open chat for 80 seconds. You can post Max 3 questions. acBTC   Team will select 15 questions and answer them.

Part 3️⃣: $800 - A quiz about acBTC 

Telegram groups:
 acBTC   – @acbtc_community
 Satoshi Club - @satoshi_club
 Russian - @satoshi_club_ru
 Spanish - @satoshi_club_spanish

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[Ballantines87]

Question 1: Do you have plans for any partnerships in the near future with financial applications or financial service providers?


Question 2: If no fees are required to mint acBTC, how are you preventing spam transactions? Wouldn’t this lead to issues if no fee is applied?


Question 3: Your whitepaper document states that the swapping fee is dynamically adjusted based on the weight and the price differential between the ERC-20 BTC asset pairs. Is there a range?

[HuyVo0126]

1. Why always have “ACoconut” in “ACoconut Swap”, “ACoconut BTC”, “ACoconut Vault”?

2. What is the difference between acBTC and Curve.fi’s LP token?

3. Why the separation of acBTC base value and acSwap transaction fee does not mean that acSwap LP, or acBTC holders lose their profits from the swap transaction fee?

Telegram user: @huyvo87

[HuyVo0126]

1. I see your platform built on top Uniswap V2 protocol and there are a number of other platform also use Uniswap protocol. So can you tell me the main reason your platform built on Uniswap protocol?

2. Is there anything other than "3DAYS", "7DAYS", "30DAYS" reward package?

3. Does this mean if I stake for 60 days I will also get 200% of my staked amount like 30 days?


Telegram user: @huyvo87

[stsclubfan]

1. When will acSwap and acLoan products be launch ? Which Tokens are allow to swap? Only WBTC holders are able to use acSwap ?

2. Why does Nuts Finance choose Band Protocol as a strategic partner instead of ChainLink or DiA ? What are Band's security solutions for Nuts Finance lending, swap and yield applications ? How oracle role in acBTC product suite ?

3. Chainlink Price Feeds are the quickest way to connect your smart contracts to the real-world market prices of assets. Though that, acBTC are using the ETH, WBTC, and renBTC price feeds from Band Protocol. Why NUTS use Band Protocol price feeds and its  scalable solution for NUTS?

Tg @tv100029

[cengizhantekin]

1. BTC and ERC-20 have considerable differences in terms of fees and transaction periods. Which one is acBTC ecosystem more close to in this manner?

2. You have used Curve's StableSwap algorithm on acBTC system. Is this an in-house algorithm or outsourced? If outsourced, does it mean you have competitor(s)?

3. What are the differences between acSwap and acXcSwap?

TG: @cengizhantekin

[apocan99]

1- What is the role of "Emission Mechanism" on reward distribution? How is it handled?
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2- What are the items on acBTC environment those bring rewards to the users? Which one is more advantageous in what case?
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3- What kind of problems of native ERC-20 and BTC is acBTC providing solution for?
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// Telegram: @apocan99

[allenjun09]

1. Is there a way I can participate and contribute to the NUTS Finance Project? Is there an ambassador programs of any kind that you are offering? I would like to help your projects the best way I can




2. Among the other smart contract auditors outt there, why have you picked SECBIT Labs to verify your smart contract securities?




3. In the acLoan application, what is the advantage of using a moving average price to determine liquidation trigger?



TG: @Jmagsss

[nyosant]

You state that 'acBTC is a composite asset backed by a basket of ERC-20 BTC'. Apparently, that basket will contain different assets: wBTC, renBTC, etc. Will that basket have a fixed % composition of assets or their % will be variable? And who will be the ones 'filling the basket' (i.e., providing liquidity) so that users can have enough liquidity when swapping within the basket?

TG user: @nyo_cant

[NataliyaKil]

1. Congratulations on the launch of the acBTC platform. What currencies can I use to make a deposit and is there a demo version or a yield calculator for preview?

2. I know that you used the Band Protocol oracle to launch acBTC. Is this the only data provider, or are there other partners? It is believed that using multiple oracles speeds up data processing

[freelikewindstill]

Tell us more about the governance of the project. How much do the governors need to stake, who is eligible to be a governor and what decision can they make? Thank you!

TG username: @astalavistabby