Poordoge x IM community AMA RECAP
TELEGRAM AMA: Im Community & Poordoge 🐋
⏰ AMA Timing : 23 November 2021 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
Bà Tân | : Welcome @webitchain from Poordoge.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Poordoge
Bà Tân | : Today our guest is: @webitchain from Poordoge
Ahrix : Welcome @webitchain to the IM community.
Bà Tân | : Can you introduce yourself to our Im Community?
JUSTIN : Sure
JUSTIN : I’m COO of PoorDoge, responsible for community building and marketing. We are starting a round of promotion activities to let more people know about us.
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1462654052110536705) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Requirements:
���Im Community (https://t.me/imcommunityitw)
���Poordoge Comunity (https://t.me/poordoge_coin)
���Twitter Poordoge community (https://twitter.com/PoorDoge_coin)
���More information about Poordoge :
Bà Tân | : Start session 1 AMA ���
Bà Tân | : Question1. Can you briefly describe what is PoorDoge? We would like to know more about it and how it works. @webitchain
JUSTIN : No problem
As we have seen, cryptocurrency is developing rapidly. It is affecting everyone’s life, but many people don’t know cryptocurrency. Cryptocurrency is full of fraud, insider trading, and price manipulation. The cryptocurrency market has become the plaything of capitalists. Everyone is reveling in this grand bubble. When the bubble collapses, many people face huge losses, while ordinary people, poor people with no investment experience Is the biggest victim of this bubble. The rich made a lot of money, and the poor became poorer, which deviated from Satoshi Nakamoto’s original intention. Blockchain is inclusive and fair, where everyone has equal opportunities and can enjoy the benefits of project development;
We see all this clearly, we are thinking, we must do something to change all of this, so there is the PoorDoge project. PoorDoge is a coin created for the poor, and its philosophy is to protect the poor and weak investors. PoorDoge has designed a perfect trading mechanism that is completely original. We developed it for 4 months. Dynamic base prices, buy-in rewards, tiered taxes and fees, and reward pool repurchase burning. These designs can avoid whale manipulation and keep prices rising. The realization after launch is very good.
A successful project cannot be separated from the support of the application. We have a detailed plan. We will launch a VPN based on SpaceX’s Starlink within one month of launch, and the game will also be launched within three month.
Ahrix : @webitchain Please say “Done” when you have finished the question, thank you.
JUSTIN : Done
Bà Tân | : Question2. Where did the name Poordoge come from, and what does it mean for the project? @webitchain
JUSTIN : Dogecoin is a very successful coin. Its concept is derived from tips and used to reward each other. This people-friendly concept has allowed it to gain a lot of fans and achieve its huge success today. PoorDoge also pays attention to the people at the bottom. The poor are the largest group in the world. It is more close to the people and more thoroughly open and transparent than Dogecoin. I think it will also be easier to be accepted by people. As we said above, the current rich and poor The gap is widening, cryptocurrency has become the plaything of capitalists, the poor are being greatly exploited, and no one pays attention to the poor, It’s time to change everything.
Bà Tân | : Question3. Your trading mechanism is complicated, and many people will be confused. Can you explain it in detail? @webitchain
JUSTIN : This explanation is relatively long, I will introduce it separately
Yes, our mechanism is not complicated, his logic is very simple, if you understand it carefully, you will find this is a very interesting design, he has a kind of magic to make you addicted, this is his power, let me talk about it in detail Specific design
1. Base price
Combine the historical price with the price per minute of 1440 minutes (within 1 day) to get the current base price.
10% tax on each sale
If the current price/base price is ≥120%, all currently sold orders are subject to a 20% tax, and each time the base price exceeds 1%,
The tax rate will increase by 0.4%, and the maximum tax rate will not exceed 46%. When the current price/base price is less than or equal to 120%, the selling tax rate will return to 10%;
At the same time, when the current price/base price is less than or equal to 90%, each sale amount will be charged 20% tax, and for every 1% lower than the base price, the tax rate will increase by 0.8%, and the maximum will not exceed 50%.
Until the current price/base price> 90%, the selling tax rate is restored to 10%.
This is the base price. This is a great invention. There is no such design in all projects now. This is the model that our Ph.D. in Finance spent two months designing. Now the market is running perfectly;
2. Buy-in rewards
If the current price/base price is less than or equal to 90% (the rich man’s black hole mechanism is still valid at this time), any purchase will receive a USDT reward of 8% of the order amount, and for every 1% lower than the base price, an additional 0.3% will be awarded. No more than 20%;
3. reward pool function
Set up a reward pool. If no one buys PoorDoge within 4 hours, 50% USDT of the reward pool will be rewarded to the person who bought PoorDoge last.
4. Repurchase of reward pool
Every 120 hours no one gets the reward pool reward, 50% USDT of the reward pool will be repurchased, and the purchased coins will be burned;
5. Tiered taxes
Adopt the method of buying-in-step tax collection to curb the birth of whales.
Cumulative purchase amount / tax for a single address in a single day
0~10000 USDT 0%
10001~30000 USDT 8%
30001~100000 USDT 20%
100001~300000 USDT 35%
300001 USDT or above 46%
6. Beheading the shady
Limit the sale of up to 10 billion PoorDoge tokens per address in a single transaction
(In order to prevent the rich from transferring PoorDoge tokens in a concentrated manner, selling too many tokens at once)
Bà Tân | : Question4. What role does the $POORDOGE token play in your ecosystem? What are the benefits of long-term holding? @webitchain
JUSTIN : I mentioned the mechanism of PoorDoge above. With $POORDOGE, you can get transaction dividends. The 30% handling fee of each transaction will be rewarded to the holders. When your dividend reaches the 2usdt system, the system will automatically give you dividend rewards; $POORDOGE is At the core of the entire project, the plan for 2021 is to launch two applications. You can use $POORDOGE to buy VPN members, buy game NFTs, and pay in the game. As the application is promoted, the use of coins will cause huge consumption, so naturally you can hold The coins will be greatly appreciated;
Bà Tân | : Question5. What work has been completed in the Poordoge project, and what is the current focus? @webitchain
JUSTIN : PoorDoge established cooperation with BSC.NEWS and BSCdaily before the launch， They reported on Poordoge. After the launch, we successively launched Coingecko and CoinMarketCap, completed a total of ＄36,000 in repurchase, burned 15,000 trillion coins, accounting for Compared with the total amount of 2.18%, the Certik audit has been submitted, and the audit report will be released in the near future. We will also launch our first APP test next week, based on SpaceX’s encrypted communication VPN software. Welcome everyone to test;
Bà Tân | : End of segment 1
Bà Tân | : We will move on to segment 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1462654052110536705).
Bà Tân | : Question1. Can you tell us, has this project been audited? As we know, smart contacts are vulnerable to hacks, and to carry out an audit costs a lot of money. So can you tell us a little about that, because investors need to know? @webitchain
JUSTIN : Wait a moment
Because I also prepared 8 questions to answer, I thought you would finish the introduction
Sure, we have submitted a review to Certik, the best auditing platform, and completed the payment. Certik responded that the preliminary audit report will be released on December 5, and the audit time is generally 6 days. Don’t worry.
Bà Tân | : Question2. How is PoorDoge able to do such a complete business/customer service without taking any tax/commission for it, how is the revenue model of the platform to make it sustainable, and profitable as a business? @webitchain
JUSTIN : The platform’s profit comes from application support. We will first launch encrypted communication VPN software. I believe this will bring us many customers. The game plan is about to start, and we can also charge a maintenance fee, which is enough for our long-term development plan.
Bà Tân | : Question3. Typically, investors buy tokens that are likely to increase in price in the future. I saw that, total supply of the token is huge. So, do you have any plan for burning tokens in the future to reduce the supply of the token and increase its in @webitchain
JUSTIN : The large supply will not affect its value. Our mechanism can accelerate the destruction of coins. After 2 weeks of online, we have destroyed 2.2% of the coins. This speed is very fast. The coins can also be used on our APPs. The coins will There is great demand.
Bà Tân | : Question4.Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Do you have specific plans to attract and expand the community and improve the user experience?
JUSTIN : We are recruiting promotion ambassadors all over the world, including Southeast Asia, India, Africa and Russia. These are all planned. Now we have many fans in China, and maybe there are many poor people in China. We like places with many poor people, and more ordinary people participate in our projects. In line with our philosophy.
Bà Tân | : Question5. Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
JUSTIN : NFTs are diverse. They can be pure art, finance, or game props. In short, they are valuable, but not all NFTs have value. The NFT usually rely on developers to give it value and let it be used. The direction we are exploring is to realize the value of NFT in the game. It is a part of the game and the result of people.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @webitchain ���
JUSTIN : I have prepared 8 questions and answers, and 3 are not shown. Can I send them in the group?
Bà Tân | : We will add 3 questions for session 1.
Bà Tân | : Q6: Please tell us about your VPN and game APPs? @webitchain
JUSTIN : Thanks
JUSTIN : Our team is a group of geeks from various fields, including finance, network security, and games. Expanding applications in familiar fields will help the rapid development of the project. Therefore, our Ph.D. in Finance has designed the algorithm mechanism of PoorDoge. Network security experts are good at How to build a secure network, and then he developed an anonymous VPN, VPN has a wide range of use scenarios, especially the current information security issues for individuals or companies, how to protect privacy, protect personal information security, and become people all over the world The topic of concern, even in some countries, cryptocurrency is banned. In order to circumvent policies, many platforms ban Internet IP. At this time, VPNs are needed for access. This market is very large and is consistent with the concept of cryptocurrency. Encryption currency realizes the freedom of personal property, and vpn is the freedom to realize personal information security. The two are a perfect combination;
VPN has completed, we will launch a public test next week, and the test will be launched to the market; of course, the use of VPN is paid, this is our source of profit, the cost will be cheaper than the VPN products on the market, but the product performance It will be better. It uses Space X’s Starlink technology, which is the latest technology. We are the first anonymous network software on the market to use this technology;
Cryptocurrency and games naturally fit together. Cryptocurrencies are called virtual currencies, and games are also virtual. The combination of the two has great explosive power. The concept of NFT and the improvement of various public chain performances allow games to build more Gameplay, such as AXS, MANA, ENJ, etc. Samsung, Blizzard have all joined this meta-universe competition, but large game companies can’t bring much value to blockchain games. They are always predators. I mean Yes, they can’t share profits for game players, so they are doomed to fail. Metaverse is a revolution. Like the cryptocurrency revolution, it is a revolution of value. For the first time, human beings can fully control their own property. If you take this as the starting point, you will fail; what we have to do is a civilian game, which is completely open. Players control the game props, trade freely, and make money freely in the game;
Bà Tân | : Q7: What is your coin distribution? And how are transaction fees allocated? @webitchain
JUSTIN : The total amount of PoorDoge coins is 70 trillion, of which 39% are burned (currently burned has reached 41.18%), 18.8% are reserved for cross-chain storage for 4 years, 18% are pre-sale, 12% add liquidity, and 12.2% are used as V2 mapping , This is our complete token distribution. The liquidity pool is locked for 1000 days, and the PoorDoge team has not reserved coins. How can the team get profits? First of all, the mechanism we designed can protect the price. At the same time, 30% of the transaction procedures will be distributed to the holders, and 25% will enter the reward pool. , 20% is burned and destroyed, and the remaining 25% goes to the project wallet as the project operation fund; in addition, for subsequent applications including games, we can charge a certain fee as the project development fund and team profit;
Bà Tân | : Q8: What is the roadmap of the PoorDoge project? @webitchain
JUSTIN : This is our recent development plan
1. BscDaily report✅
2. Bscnews report✅
3. Successful presale and launch✅
4. V2 token mapping, completed 100% in advance✅
5. List on CoinGecko✅
6. List on CoinMarketCap✅
7. 50% of the reward pool is repurchased and burned✅
8. CERTIK audit (submitted)
9. Anonymity VPN closed test (next week)
10. Anonymity VPN is officially launched (POORDOGE purchase settlement)
11. The team burns POORDOGE
12. Game NFT presale (POORDOGE settlement)
13. Game launch (POORDOGE settlement)
PoorDoge Contract: 0x4a5eb6574fe68c55362fc73b9ea76953d837985b
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
Bà Tân | : Don’t forget to join the group https://t.me/poordoge_coin
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @webitchain some time to go through them.
Bà Tân | : @webitchain Please choose the best 5 questions and answer it for session 3, thank you.
JUSTIN : OK
JUSTIN : This is a great question, give me a minute to respond
JUSTIN : Okay, I’m ready, there are too many questions to answer one by one, you can enter our group, I will answer for you
Bà Tân | : Don’t forget to join the group https://t.me/poordoge_coin
Q1：Maximum fees is levied at 49%. Do you think a rich people would be discouraged paying this much?
JUSTIN : The highest is 46%, but it is usually 10% most of the time. Moreover, there are no taxes and fees for buying. You can see on our website that higher taxes and fees will be charged if the price suddenly rises too much.
Q2、Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
JUSTIN : The audit is in progress. We have submitted it to the best auditing platform Certik and will get the report soon.
Q3、IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
JUSTIN : On the contrary, we hope that ordinary people will participate in our project. We are called PoorDoge. We are the doge of the poor and built for the poor. We hope you can enter our group to learn more.
Q4、Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?
JUSTIN : Southeast Asia is a very attractive and potential place. I very much hope to carry out marketing in Southeast Asia, build a community, and also carry out activities in many parts of the world. If you have good suggestions, you can contact me.
Q5:Where can I currently buy Token?
JUSTIN : We have been online for a week on pancake, and now it is a better place to buy, but I want to remind you to invest rationally and hope you agree with our philosophy. Our VPN encrypted communication software will be launched next week.
PoorDoge contract is: 0x4a5eb6574fe68c55362fc73b9ea76953d837985b
Bà Tân | : Thanks for the useful information from @webitchain
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @poordoge_coin for answers.
Bà Tân | : IM Community, if you would like to know more about Poordoge ! here are some useful links for you:
Official Website: https://www.poordoge.org
JUSTIN : Thank you
JUSTIN : Thank you again and what an amazing community
Bà Tân | : Allright, I declare the Im Community AMA with Poordoge has ended.
Thanks to @webitchain | Poordoge joined us and provided us with Poordoge information, we hope that this knowledge makes us understand more about https://www.poordoge.org (https://www.poordoge.org/)
To the members, thank you for following this event to the end. winners will be announced soon.