Zerogoki x Im Community AMA Recap

🐋 TELEGRAM AMA: Im Community & Zerogoki 🐋
⏰ AMA Timing : 16 July 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 @sonofsatoshi2 from Zerogoki

Bà Tân | : Welcome everyone. Today Im Community will host AMA with Zerogoki

Bà Tân | : Today our guest is: @sonofsatoshi2 from Zerogoki

Antonio : hello, thank you having me here, my name is Antonio

Ahrix : Welcome to the IM community.

Bà Tân | : Please introduce yourself a bit: @sonofsatoshi2,

Antonio : Hi Team, I’m Antonio, the marketing head and core team member of Zerogoki, nice to meet you all here in this vibrant community

Bà Tân | : Thanks for the introduction.

Bà Tân | : Today’s AMA will have 3 sessions

Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Zerogoki

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1415543087506489345).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group Zerogoki Official (https://t.me/zerogokigroup) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)

▫️Follow: Twitter Zerogoki (https://twitter.com/0Zerogoki?s=08) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://zerogoki.org/#/ (https://zerogoki.org/%23/)

Bà Tân | : Those who haven’t joined @zerogokigroup group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : Start session 1 AMA @sonofsatoshi2

Antonio : yes

Antonio : let’s start

Bà Tân | : Question1. Could you please give us a simple introduction of Zerogoki? @sonofsatoshi2

Antonio : Zerogoki, a transliteration of ‘零号機’ in Japanese, stands for the experimental model Unit-00, and its token REI is the pronunciation of the word ‘zero’ (れい) in Japanese. Thus, it’s a metaphor for a prototype.

Zerogoki is the pilot experimental protocol from Duet Protocol, which only has the Lite-minting module of Duet Protocol.

The birth of Zerogoki stems from Duet’s attempts to innovate mechanism design. Zerogoki is the first algorithmic stable leveraged asset minting and trading protocol. This is an outpost project of the Duet ecology, which will provide valuable experience for Duet’s subsequent steady launch. Through a concise and clear framework, Duet ecological participants will quickly become familiar with and understand the practical application of the algorithm anchoring mechanism. At the same time, users can experience convenient leveraged transactions of traditional assets on the blockchain.

done

Bà Tân | : Question2. What are the products that Zerogoki focus on developing? @sonofsatoshi2

Antonio : Mint/Redeem is the core module that project is focusing on. This key prodcut is synthetic asset factory which produces various innovitive deravitives to market. Zerogoki had put lots of efforts to design and test the mint/redeem mechanism.

3 key elements are price feed oracle, minting tax adjustment and convert ratio configure.

Zerogoki had run 3 round of mainnet testing before official launch to make sure all sector work well. And scope of underlying asset for leveraged token is expanded with the growthing market cap of REI. Zerogoki aims to become the unique trading platform and constantly provides new zAsset to help users to capture the growth of everything.

done

Bà Tân | : Question3. What are the services that Zerogoki provides to users? @sonofsatoshi2

Antonio : 1. Mint Zerogoki synthetic asset (zAsset)

2. Farm with zAsset and REI

3. Governance of Zerogoki

4. Algo-pegging stablecoin zUSD

done

Bà Tân | : Question4. What role does the $REI token play in your ecosystem? @sonofsatoshi2

Antonio : The functions of REI as a protocol token include but are not limited to: system fees, minting synthetic assets, governance, and Duet ecosystem participation certificates.

1. REI is the main asset in the system and the valuable source of synthetic assets. The user burns REI in Lite Mint and issues zAsset. As more synthetic assets are minted, more REI will be burned, so the total amount of REI will decrease as the variety and quantity are more abundant of synthetic assets. On the other side, the destruction of zAsset will increase the circulation of REI. Therefore, REI is a value bridge between Zerogoki’s synthetic assets and external assets.

2. Zerogoki’s mint/redeem will incur a small amount of trading fee, which is a certain percentage of burned assets. These assets are internal, and the source of asset value in the system is provided by REI, that is, the actual system uses REI to charge. This fee similar to “”minting tax”” is borne by minting users and charged by Zerogoki as protocol earning. In short term, projects may choose to burn the collected fee, and the DAO will determine the use after the governance module go live.

3. REI is the governance certificate of the Zerogoki. Users need to stake the REI in the governance module to participate in voting. The basic parameters and supporting assets of the current agreement are determined by the founding team and can be adjusted through DAO in the future. The content of decision-making includes but is not limited to synthetic asset listing/delisting, the calculation method, and proportion of mint taxation, the emission speed of liquidity incentives and the distribution of each pool, the use of project reserves etc.

4. As the first product officially launched in the Duet ecosystem, Zerogoki has very important experimental significance for the smooth launch of Duet’s first app-Shogoki. Duet will also regard Zerogoki users as early participants and supporters of the ecosystem. REI will serve as a medal for early participants and will reap the rewards of the project in the future expansion of the Duet ecosystem.

done

Bà Tân | : Question5. Can you please tell us the current Zerogoki road map? How far has Zerogoki been developed at this time? and what will you realize in the future? @sonofsatoshi2

Antonio : In 2021, Zerogoki has 4 main goals to achieve:

1. Provide pressure test enviorment for Duet Lite Mint Module.

2. List more novel deveratives of on-chain native asset pegging traditional assets.

3. Onboard governance module

4. Use all protocol revenue to benefit users and stake holders of Zerogoki

The birth of Zerogoki stems from Duet’s attempts to innovate mechanism design. Zerogoki is the first algorithmic stable leveraged asset minting and trading protocol. We hope that in future Zerogoki will help the most exciting defi innovation and experamental product get delivered.

Second, Zerogoki’s mission is to take presure test of Duet protocal and educate optenial users. Through a concise and clear framework, Duet ecological participants will quickly become familiar with and understand the practical application of the algorithm anchoring mechanism.

Last, Zerogoki will help to bridge transactions of traditional assets on the blockchain.

Bà Tân | : @sonofsatoshi2 Please say “Done” when you have finished the question, thank you.

Antonio : oh sure, forgot

Antonio : done

Bà Tân | : End of session 1

Bà Tân | : We will move on to session 2

Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1415543087506489345).

Bà Tân | : Question1. @CesarSi92629775 (https://twitter.com/CesarSi92629775)

What are the currency pairs that Zerogoki currently supports? Are there plans to add any others? Will they offer cross chain compatibility? @sonofsatoshi2

Antonio : 5 pairs at the moment

Yes, Zerogoki aims to become the unique trading platform and constantly provides new zAsset to help users to capture the growth of everything.

Crosschain tx of assets is free for any third-party crosschain bridge. But Duet and Zerogoki plans to be depolyed on multiple chains with their native assets.

done

🍀Jőhn L🍀 : awesome !

Bà Tân | : Question2.@TranThuyHa7 (https://twitter.com/TranThuyHa7)

Currently farming is very popular with crypto people. but what about the farming system in Zerogoki. Is there a time limit and token lock when we are farming and how do you convince us that it is safe to farm in Zerogoki?

Antonio : No. Users can claim and sell their REI anytime. No lockup period.

done

Bà Tân | : Question3. @rneeraj5099 (https://twitter.com/rneeraj5099)

I know that Omni is the seed funder of Duet and Zerogoki, in future are you planning to move to OmniLayer chain? or will you you be using OmniBOLT layer 2/3 solutions offerred by the Omni Team?

Antonio : At the moment have no plans but let’s see the development of Layer2/3. Currently the project plan to focus on product itself.

done

Bà Tân | : Question4. @ThalapathyPra16

The Defi model looks to have a big flaw in that when farming begins, prices drop as people unload to invest in the farm. Will there be a financial incentive to invest instead of just farming and dumping…?

Antonio : REI has very srong and clear value back.

For short term, holding REI and provide liquidity can earn high APY in yield farming. Reinvest REI reward can accumulate compound APY.

For long term, they are huge demand side of REI token and it’s deflation economy. The totally supply will be decreased.

From the demand side, the functions of REI as a protocol token includes but are not limited to: system fees, minting synthetic assets, governance, and Duet ecosystem participation certificates.

From the supply side, In the long term, total supply of REI will decrease as the synthetic assets supply grows. In sum, REI has raising demand and limited supply.

done

Bà Tân | : Question5. @opettttt12 (https://twitter.com/opettttt12)

Your Governance Model brings me to the question, who is responsible for selecting the project where 0Zerogoki is investing? Can the community vote according to the numbers of tokens they own or the decision making of the project to be funded is solely made by your team?

Antonio : For now, Zerogoki is in its early stage. At this time, the team is here to provide initial trading liquidity, set basic parameter, ensure the code sequrity, onboard key products,and provide solidy mechanism.

After Zerogoki goverance module go live, the DAO will take charge of keeping the project opearation and maintainance. It will just like any other DAO-oriented defi projects. Staker holders lock their token and get voting rights for proposals.

done

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 | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group Zerogoki Official (https://t.me/zerogokigroup) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)

▫️Follow: Twitter Zerogoki (https://twitter.com/0Zerogoki?s=08) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://zerogoki.org/#/ (https://zerogoki.org/%23/)

Bà Tân | : Those who haven’t joined @zerogokigroup group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : Thanks for the questions from the community.

Bà Tân | : @sonofsatoshi2 Pick the 5 best questions and answer it for session 3.

🍀Jőhn L🍀 : wow thank you guys

Q1. 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?

Antonio : Check out our tweet today , we just released audit report provided by CertiK https://twitter.com/duetprotocol/status/1415892874978156547?s=20

Q2. What information can you provide us about the Tokenomics of your tokens; what is its use and model; How is it recommended? Is it part of a deflationary system to help drive value appreciation?

Antonio : The initial circulation of REI is 42,000,000 and the distribution plan is as follows:

Q3. ⚽️I realized that Zerogoki has its own Stablecoin called ZUSD , so can you explain us more how works this Stablecoin? How is it backed?

Antonio : zUSD is a dollar-pegged asset, and the exchange ratio with REI in Zerogoki system always equal to $1.

zUSD is also the bidding assets of other zAssets, while the Zerogoki system encourages users who provide liquidity to zUSD/zAsset in Uniswap.

Market participates arbitrage behavior help maintains zUSD pegging. According to the current design, zUSD may diverge shortly during the extreme market situation, but eventually it will return to parity through market arbitrage.

Q4. Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?

Antonio : you can go to our website https://zerogoki.org and you here you will be redireted to uniswao V2 to swap tokens.

Please make sure you are using right Zerogoki address.

- REI: 0x011864d37035439e078d64630777ec518138af05

- zUSD: 0x76417e660df3e5c90c0361674c192da152a806e4

- REI-USDT LP: 0xdfb8824b094f56b9216a015ff77bdb056923aaf6

- zUSD-USDT LP: 0x1197774e49f98b24c7afa88f0eb6fbd0e0786a0a

Q5. What are the benefits of staking REI and using REI to mint different Zerogoki assets?

Antonio : Zerogoki is the pilot experimental protocol from Duet Protocol, which only has the Lite-minting module of Duet Protocol. That is, the synthetic assets are generated only by destroying the protocol asset-REI, and the volatile leverage tokens are chosen as the listed assets to increase the system test pressure. At the same time, the slower Ethernet main net with high cost is used to test if Duet can run smoothly in a harsh environment.

REI is the value vehicle in Zerogoki and will be deflation in future. The functions of REI as a protocol token include but are not limited to: system fees, minting synthetic assets, governance, and Duet ecosystem participation certificates. REI is the core asset in Zerogoki.

zAsset: combine of advantage of leverage + no liquadition + high profits + traditional asset + arbitrage opputunity + decentralized/promissionless free market

*Use at your own risk after reading carefully

done

🍀Jőhn L🍀 : The answer so details

🍀Jőhn L🍀 : thank for your time @sonofsatoshi2

Antonio : thank you for hosting me

Antonio : cheers

Bà Tân | : Thanks for the useful information from @sonofsatoshi2

Bà Tân | : End of session 3

John IM COMMUNITY : haha great AMA

Bà Tân | : For questions that have not been answered today, you can send them to @zerogokigroup for answers.

Bà Tân | : IM Community, if you would like to know more about Zerogoki ! here are some useful links for you:

Official Website: https://zerogoki.org/#/

Twitter: https://twitter.com/0Zerogoki

Telegram: https://t.me/zerogokigroup

Medium: https://zerogoki.medium.com

Github: https://github.com/duet-protocol

John Community : nice

John Community : perfect AMA guys

Bà Tân | : Allright, I declare the Im Community AMA with Zerogoki has ended.

Thanks to @sonofsatoshi2 | Zerogoki joined us and provided us with Zerogoki information, we hope that this knowledge makes us understand more about https://zerogoki.org/#/ (https://zerogoki.org/%23/)

To the members, thank you for following this event to the end. winners will be announced soon.

Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .