🕖AMA Timing : 20th April 1PM UTC | 8 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 100 USDT
➡️Part 1: Project Introduction.
Q1. Could you briefly introduce yourself as well as your project?
A: So yeah, It’s Jorge de los Santos, CEO at Euler.Tools, a blockchain exploration platform that aims to connect defi users, with dex exchanges, with companies trying to make the blockchain financial system solid and reliable!
Our platform is a combination of an interface, a set of apis, owned nodes and oracles that will provide solutions to every type of customer.
Q2. What makes the Euler.tools project stand out more than the projects in the same direction at the moment?
A: We are building a whole platform, not just a niche solution, we are including every type of customer and their needs into our system and we are creating an awesome end user experience that should provide explanation to what’s going on inside of each network, and how that affects your business!
Q3. What are the memorable milestones of Euler.tools in the research and development process?
A: We have the first version being released on may 5th, and from there we will iterate over the product to polish every detail, while extending our reach to other networks like solana and ethereum! After that we will introduce machine learning and data processing, and in parallel to that, include very exchange
Q4: What does Euler.tools plan to do to attract more users in the upcoming time?
We are planning a whole launch in may 5th, with ads, marketing campaing, and institutional demonstrations to atract customers that are outside of the blockchain!
We are also planning a series of videos showing our features and interfaces to our future customers, and working on a bunch of merchandising.
The marketing team is doing a great job creating an attractive campaign that should boost our release
➡️Part 2: Question From Twitter (5 best questions).
opinion of the community is very important in any project because this will help them to have a greater recognition not only at the national level but also internationally. Do you plan to create a platform where the community can express their opinions to improve their project?
A: Well, my COO told me to don’t over commit. But yes. I have planned a whole social part in our project aiming to bring togheter communities around projects. It’s not just about the tokenomics, or the teams. Is about knowing who to follow, who’s speaking about a project, and what’s their sentiment! more than a button with a emoji ☹️bad — — good 😊 variation. We need to know how much community si around every token! And for that we will provide them with specific pages and tools to build those communities!
What are the specific business models that Euler is interested in helping? DApps, STO market, on-ramps, gaming, gambling, banking / lending / finance, leveraged trading?
A: This might sound complex to attend, but we want to tackle all of them with a global solution. We connected the dots in the ecosystem, and we can provide solutions to all of them because we are building vanilla API’s that can be leveraged for every use. DeFi can banefit from oracles and charts, CEX can benefit from onchain knowledge, like liquidity draninig or rug pulls, Banks can verify transactions, gaming might want to know how many cryptokitties are traded on a day. We just provide the data processed, cleaned and aggregated, everyone can use it.
I read from the website, “The Euler Engine will retrieve information from multiple sources, process it, and expose it”
So, Is EULER ENGINE truly accurate? What happens if a node decides to return the wrong data or even worse send malicious data?
A: Ok, that question is good! we are as accurate as you want to be, we aren’t using a single source for the data, we are aggregating information from all sources, and the users will be able to select which one is better for them!
Oracles right now get the data from ALL sources and does an average, that’s unfair because we are comparing exchanges without price protection with some that has it, and the media is often inacurate.
We are going to allow the users to select just a set of exchanges or sources to curate the data, the ones that they want to trust, and they’ll be able to monitor and verify that we did the math properly!
Can you list killer features of Euler Tools that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ?
A: Our kille feature is you all. We are building an interface that outdates every single other interface out there, no more random ads or buttons that do nothing. Our interface is focused on the experience of the trader, the project hunter, the researcher and the investor.
We aren’t mixing stuff randomly, we are distributing the views and the content in reusable and customizable widgets that you will build on your own, and will provide you accurate information that’s useful for you!
As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?
I think we answered a similar question a bit earlier, let me expand that information: we are a community tool. We are building a transparent telegram community in which I communicate daily, and we are opening new plataforms daily, so far we have telegram, linkedin, twitter, facebook, instagram and reddit!
But in the next month we will create community tools so you can register new telegram channels for projects in our platform for your countries, and manage them with our tools, being able to create bots for alerts that can be used on those channels.
And not just for us! for every other project that wants to consume our service, remember we are an enterprise project, meaning other projects are our customers! and we will be glad to help them become stronger!
➡️Part 3: Free asking (5 best questions)
Q1: Many projects have been banned in many countries due to the failure to use the correct regulations and permits. Does your team have a solution to these problems in order to Globalize smoothly?
We have followed every single rule in the EU to launch this project, we have a regulated company and we fulfilled all requirements to make sure our token is an utility token. We are planning to work with the government to help us build a better and safe blockchain, and we will keep paying our taxes!
but we will also help you pay your taxes! this tool is a tool to make the blockchain a safe environment, reliable, and secure for investors, users, companies, organizations and anyone interested on it!
Q2: Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
We don’t have smart contracts. We just have a token contract, we aren’t a DeFI protocol or DEX. We are a platform that uses the tokens to simplify onchain payments. Hence, we don’t need audits. We already requested them, JIC, to prove our token is transparent. But that’s all.
For every other DeFi contract, we relayed on Wault.Finance to help us build the Liquidity Mining and in Pancake to build our swap contract.,.
Q3: Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?
Launching a whole network is not easy, specially if you want to decentralize it. It’s in our roadmap to build one that aims to integrate the knowledge we will acquire through the next months, and we had some awesome engineers joining us to offer their help. But we are still researching and planning the platform before moving forward.
Q4: i care about incentivization, what incentives are in the euler tools ecosystem for users and ecosystem providers,so why should i use euler tools? let me know more about you.
Token holders will receive a reward, we are closing details in the next days about the quantity and format, but you can make sure that anyone with over 4k eulers will benefit either from the product or the rewards. And, if you hold over 40k, you will have free access to the product as long as you hold.
Q5: i am a crypto investor and i only care about prospect of a crypto that i choose, tell me the reason why i should choose your token over any existing one? what is your token advantage that can convince me to change from my favorite token?
Because if you get our token, you’ll have the answer to this question from now on. Our token is the key to unlock the whole blockchain knowledge, and to understand why tokens might grow, or die. Euler.Tools is a comprehensive set of tools that aims investors to do due dilligence and research, and find the better gems for their strategies!