Blowfish x Satoshi Club AMA Recap from 16th of May

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 Blowfish and our guest was @daviddev12, @gabriele_sala, @palufreeman and @freddy9s. The AMA took place on 16th of May.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1?—?introduction and questions from the Website

Andres M. | Satoshi Club:

Hello dear community and welcome to another AMA session with our friends from Blowfish

Our today’s guests are:

@daviddev12

@gabriele_sala

@palufreeman

@freddy9s

Welcome in Satoshi Club guys!

David [blowfish.one]:

Hello! Thanks for having us

Gabriele:

Hi!

David [blowfish.one]:

Could you also add @lat_0x ?

Palu:

Hello, Andres! My name is Palu and I’m one of the community managers and admins at Blowfish, actively working on sustaining a welcoming environment at our community and promoting certain events. Pleased to be here!

Mihai Pisica:

Hello guys! Welcome in Satoshi Club, we have waited for this Ama

Freddy:

Hey everyone. Happy to be here.

Andres M. | Satoshi Club:

Nice to meet Paul.

For sure, one minute please

Lat @ Blowfish [Will never DM first]:

Hi, everyone!

Andres M. | Satoshi Club:

Hello Lat, welcome to the AMA

Lat @ Blowfish [Will never DM first]:

Glad to be here!

Mihai Pisica:

We are honored to have you here today! Thank you for joining

Being excited for this AMA, we want to know more about you, could you give us a short introduction about you?

Andres M. | Satoshi Club:

To begin the AMA we would like to know more about you, could you please introduce yourself?

Mihai Pisica:

I was first

David [blowfish.one]:

Hi, I’m David, the main dev for BlowFish. I’m a software engineer experienced with developing distributed systems and core libraries (i.e. backend stuff). I hail from a FAANG company and had the fortune of working on some core Java libraries that enable a lot of the services there. Most of you probably interact with my code on daily basis! I’ve been super excited to get my hands on Solidity and BSC projects.

Lat @ Blowfish [Will never DM first]:

I’m currently the main developer on Blowfish’s frontend side, but I also do backend work.

I’ve worked professionally with Node.js-based frontend applications before, though I’m relatively new to working with smart contracts.

So far, my main task has been to create several lottery dApps for clients of our “Lottery as a Service” program. Three are finished, two of them are deployed and we have a few more in our pipeline

Right now, my main project is the Cryptopuffs NFT marketplace and our NFT ecosystem in general.

Gabriele:

Hi, I’m Gabriele: I’m with Palu one of the community managers and admins at Blowfish

Freddy:

Hey guys. My name’s Freddy and I’m currently on the BlowFish team working on the writing and marketing side of things. I have some experience as a copywriter and am happy to be contributing to this project.

Andres M. | Satoshi Club:

Mihai Pisica:

As we see, you have all the ingredients in the background to create a great project and make the Blowfish moon it!

Andres M. | Satoshi Club:

@daviddev12

@gabriele_sala

@palufreeman

@freddy9s

Amazing background of all you guys, is an honor for us to have you here!

So what is the essence of blowfish?

David [blowfish.one]:

Thanks guys, I think our dev backgrounds is one of BlowFish’s main strengths

Mihai Pisica:

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Blowfish?

David [blowfish.one]:

In essence, BlowFish is a DApp platform focused on gamification. We’re unique because we offer “DApp as a Service”. It works like this:

1. We develop a DApp for BlowFish itself, leveraging smart tokenomics that boost liquidity or token price. For example, our CryptoPuff NFTs reward liquidity and token staking with minting randomly generated NFT’s. Every NFT minted boosts the price of BlowFish.
2. We generalize the DApp and sell it to other token projects. Our DApps are attractive because they can incentivize liquidity, engage communities, raise marketing funds, and so on. As a token project owner, imagine clicking some settings on a website and instantly having an NFT-generator DApp for your token! That’s what BlowFish is building.

David [blowfish.one]:

The initial time to develop a brand new DApp (stage 1) can take weeks, but generalizing the DApp for customers (stage 2) is much quicker. We expect to offer a fully self-service option for customers interested in lotteries and NFT-generator games in the near future.

I envision BlowFish being a hub for fun DApps and also a platform for tokens with less experienced dev teams to quickly add generalized DApps to their projects.

Andres M. | Satoshi Club:

Great project, I think this will be an exciting AMA

Mihai Pisica:

Btw, we have a community question about it, if you want, we can start the party )

David [blowfish.one]:

I’m excited to talk about our projects and ideas too!

I’ll elaborate a little bit more before we hop into questions~

Mihai Pisica:

Sure, the scene is yours )

Andres M. | Satoshi Club:

Thank you so much for the intro

David [blowfish.one]:

There’s a lot of new BSC tokens being launched with less experienced developers (which is totally fine–there’s more to growing a project than coding). BlowFish can help these tokens add utility to their projects, while bringing value back to BlowFish holders. We believe the addressable market here is untapped and growing. We’ll be charging a percentage service fee on our DApps that auto-buy and burn BLOWF tokens or reward BLOWF liquidity stakers with tokens from other projects.

In a short time, we onboarded 5 projects for Lottery as a Service, so we can’t imagine how many projects might be interested in our NFT generation platform!

Andres M. | Satoshi Club:

Great concepts, good job

. Let’s proceed with the questions.

Q1 from Telegram user @josewen

Of the current projects that BlowFish owns, CryptoPuffs has the widest range of value added to BlowFish due to how broad the NFT platform can be. Does the minting process implement loot box gamification directly increase the price of the BlowFish token? What are the active qualities of CryptoPuffs? Are CryptoPuffs NFTs one of a kind? What does CryptoPuffs exemplify and what is its contribution to the BlowFish platform and its community?

David [blowfish.one]:

We’re modeling BlowFish kinda like an actual business haha. BlowFish will have customers that bring in revenue to BLOWF holders!

Questions sound good!

Yes, the minting process directly boosts the price of the BlowFish token. Minting NFT’s require BNB, which our smart contract uses to automatically buy-and-lock BLOWF tokens or liquidity. We think we have a clever system here to reward people who buy and “contractually” HODL!

CryptoPuffs have a wide variety of appearance features that we are actively expanding upon. We just hired a new artist/designer who is helping us bring animations to our Puffs.

Puffs exemplify how fun DApps can be while still incorporating smart tokenomics and real value from customer sales.

Andres M. | Satoshi Club:

What projects are part of your ecosystem? Different of CryptoPuffs

Mihai Pisica:

Could you share some NFTs designs?

David [blowfish.one]:

CryptoPuffs itself is a broad platform, involving NFT generation, a marketplace, and NFT games. (Marketplace and games coming soon!)

The other major project in our ecosystem is Lottery as a Service. We currently offer 3 different types of lotteries, depending on what other projects are looking for. More details are available in our article here:

https://medium.com/blowfishtoken/blowfish-lottery-as-a-service-417d61520ba1

David [blowfish.one]:

Here’s an example animated Puff we have in the works!

https://esatoshi.club/wp-content/uploads/Blowfish_mooning_4.gif

https://esatoshi.club/wp-content/uploads/video_2021-05-16_03-47-22.mp4

Here’s a couple examples of the V2 Puffs we’re developing!

Andres M. | Satoshi Club:

Who is the designer?

David [blowfish.one]:

Our designer was a community member (named K), who we’ve officially hired to work for us.

He does design work professionally and is quite skilled with After Effects for these animations.

I should add that these are upcoming designs for our V2 Puffs. Our current puffs look a little different, but are still very cute

Mihai Pisica:

Indeed, I like them, cuties

Andres M. | Satoshi Club:

I like it, the pet has any name?

David [blowfish.one]:

Our mascot was named a few weeks back in a community poll

His name is Fugu! Which is Japanese for pufferfish.

Mihai Pisica:

We know FUGU, hard to prepare

But very tasty one

Mihai Pisica:

I like it!

Andres M. | Satoshi Club:

Thank you for the answer, would you like to proceed with the next question?

David [blowfish.one]:

Yes that’d be great

Q2 from Telegram Username @meml97

I read that one thing that is coming soon to BlowFish for the CryptoPuffs are the Enhance and Battle features, can you tell us more about this future options? How will we be able to enhance our CryptoPuffs NFTs and what are the advatanges of doing so? Also, battles! How will we be able to have battles? How will this mechanism be and what can users get from such thing?

David [blowfish.one]:

Absolutely.

Our first Puffs game release will actually be an exploration idle game. Where players can send out a team of Puffs onto an “exploration” to collect equipable NFT’s. The NFT’s will be both aesthetic and functional for improving exploration success odds and boosting stats for our future Battle games. Our designer will be creating fun skins/hats/etc to be worn on your Puffs.

The enhancement will involve these equipable NFT’s and will loop in BlowFish token-locking to reroll stats. This is how we want to gamify BlowFish staking with CryptoPuffs.

The Battle features will allow players to win more equipable NFT’s in special events and to place bets and battle each other! Puff Team composition will be key for these future games

https://esatoshi.club/wp-content/uploads/photo_2021-05-19_15-03-10-1024x245.jpg

Here’s a fun example of some winnable hats in the future!

Andres M. | Satoshi Club:

How many characters are there?

Mihai Pisica:

You say “to place bets”?—?can you relate this one please? You mean we would be able to bet tokens and win more?

David [blowfish.one]:

There are 3 base animal types: pufferfish, shark, and whale. Each type of animal has thousands of variations in appearance, but the sharks and whales are much rarer. Only a .05% chance of getting a whale at the base rate!

Yes, players will be able to bet tokens when entering a battle. With the ability of earning more tokens if they win!

Regarding the thousands of variations of appearance, we’re building a pipeline to handle this randomization process in a generalized way. So we can offer this kind of NFT generation to customer projects if they provide a few base images

Andres M. | Satoshi Club:

When dolphins?

David [blowfish.one]:

One day maybe! Dolphins would be a fitting addition

Mihai Pisica:

That one sounds like incentivizing for playing and get higher and higher )

Andres M. | Satoshi Club:

Btw, thanks for the answer, ready to go with the next question?

David [blowfish.one]:

Ready.

Q3 from Telegram user @Derazy

There is a meme contest that BlowFish conducted before this AMA start, commencing about five days ago. How’s the contest going on? How many holders participating on this event? Can you please share us the impact of this meme contest on the performance of $BLOWF token marketing strategy?

David [blowfish.one]:

We’ve had dozens of amazing meme submissions for the contest! I think it really helped engage our holders and also spread BlowFish awareness on Twitter.

We’ll be holding more contests like that in the future as a fun way to reward our community and help spread the word.

Andres M. | Satoshi Club:

Please share us some of them

David [blowfish.one]:

Here’s a pretty one

https://twitter.com/AatSuhendra/status/1391983621976707074

Freddy:

This is our first meme contest. We’ve got a lot of really great submissions and it’s really crucial for us to engage our community. This will be the first of many events focused on engaging and building our community. We’ve been testing the waters with marketing in general and are ready to ramp it up!

David [blowfish.one]:

A meme submission from our designer too

https://twitter.com/K80291038/status/1392808086230999041

Andres M. | Satoshi Club:

There is time to participate yet, right? Because our community members have a lot of imagination to create memes

Haha captain Fugu.

David [blowfish.one]:

The meme contest actually ended at the AMA start

but I think this is a great opportunity for new people to participate! We’ll extend the meme contest by a day

Andres M. | Satoshi Club:

great opportunity Satoshiclubbers, let’s join this amazing contest

https://twitter.com/blowfishtoken/status/1391929853885046788?s=19

Mihai Pisica:

Also let us know when you will begin the further ones! People here like contests like this )

David [blowfish.one]:

Thanks for posting the contest! Prizes are in BLOWF tokens.

I will be happy to let you guys know when we have future contests!

Andres M. | Satoshi Club:

Well, thank you guys for those amazing memes, let’s proceed with the next question, ready to go or do you want to add something else?

David [blowfish.one]:

Let’s keep going

Q4 from Telegram user @victorogb

Right from it’s inception, BlowFish has presented itself as a fun token taking into account it’s on-going projects and product offerings. Sticking with it’s fun token attributes, BlowFish aims to leverage gamification to return value to BLOWF holders. This is achieved via three major ways: profit distribution from DApps, token burns, and oracle utility. Can you carefully shed more light on these 3 amazing value added features, and how will BLOWF be a critical tool for user operation and interactions within the network?

David [blowfish.one]:

I expand on these 3 points in our lightpaper, but to give a quick summary:

• Profit distribution from DApps & Token Burns: Our DApp as a Platform is a great example of this. Our customers’ DApps will buy&burn BLOWF tokens as an ongoing service fee. The CryptoPuffs DApp also locks tokens and liquidity, which effectively reduces our circulating supply as more people play.
• Oracle utility: To build the features we need for our DApps, we have some Oracle usecases. Thus we’re building our own, which we’ll also offer publicly for a BLOWF fee. The first oracle I have my sights on is an event-time scheduler oracle.

The key is our DApps will always leverage the BlowFish token to either boost token value or liquidity.

Andres M. | Satoshi Club:

So what is the token distribution of BLOWF? The tokenomics and max supply?

Mihai Pisica:

Have your smart contract been audited? By whom?

David [blowfish.one]:

BLOWF had a fair start with no massive developer wallet minted. We all had to buy our own tokens at the start.

The max supply is ~164 million tokens, and the circulating supply is approximately 90% of that. The remaining 10% is either locked away in liquidity or in CrytpoPuffs.

Andres M. | Satoshi Club:

How is the process to buy the tokens?

David [blowfish.one]:

Our token smart contract was generated by the DxSale Standard Sale, so it’s pre-approved (i.e. audited) by the DxSale DAO. It’s a fairly boilerplate contract with renounced ownership.

David [blowfish.one]:

Our token is available on Pancakeswap. We recommend using BoggedFinance to buy the tokens! Links to buy are on our main site:

https://blowfish.one/

Mihai Pisica:

Thank you very much for your answers! Ready for the next one?

Andres M. | Satoshi Club:

Thank you for the answer. Time to go with the 5th question, ready?

David [blowfish.one]:

Ready!

Q5 from Telegram user @V1ct0r_26

I saw on your roadmap that for Q3 you want to establish a charity partnership and partnerships with similar projects. Could you share more information about this with us? What charity partnership would you like to work with and why? Also, speaking of similar projects you will work with, I’ve seen other animal/nature charity projects, but never one related to the ocean cleanup, so, what projects do you have in mind that align with your purpose?

David [blowfish.one]:

Yes! We are planning NFT auctions with community-created art to raise money for ocean cleanup charities. We’re an ocean-themed token, so we’re keen on that direction. As you’ve said, it’s not a popular charity direction, but certainly an important one.

We’ve partnered with other charity tokens in the past, recently Bingus for our Lottery as a Service. They are an animal-focused charity token, so it was quite fitting

Super great to see BSC projects raise money for good causes!

Andres M. | Satoshi Club:

Btw, which are your current partnerships?

David [blowfish.one]:

Bingus was our first Lottery as a Service partner. We also have partnered with MuskBezo and Only1Token for our LaaS.

We have 2 additional partners in the works too (to be announced soon

).

Mihai Pisica:

So the NFTs will have different use cases, NFT capabilities beyond just Collectibles

David [blowfish.one]:

The partners we’ve worked with have been super excited for what we have to offer.

A funny thing is I often get devs from other projects ask me about smart contracts and liquidity issues. This is what helped me realize the market space for our platform.

Andres M. | Satoshi Club:

Don’t forget to share the announcements with us.

Lat @ Blowfish [Will never DM first]:

Small correction here. Bingus and Only1Token are real partnerships, MuskBezo was only a client of ours.

David [blowfish.one]:

Yes, our NFT’s will be gamified, so players will have fun things to do with them.

Andres M. | Satoshi Club:

Thanks for the clarification

Mihai Pisica:

Thanks for the clear answer!

Freddy:

We were also the first coin to use verifiable randomness by BOG, something we’re particularly proud of.

Andres M. | Satoshi Club:

Btw, do you have any staking program?

David [blowfish.one]:

^Yes as proof of utility, we were the first to onboard with the BogRNG oracle haha.

David [blowfish.one]:

We offer staking in a non-traditional way?—?locking tokens to mint CryptoPuffs as a reward.

I’m also exploring partnerships with other AMM’s to potentially get a new liquidity pool launched for BlowFish. Then our holders will be able to stake LP tokens for juicy token rewards.

My other dev is telling me to mention the other Lottery partners we have haha. We’re developing for NeuralPepe and ShibaCash as well

Andres M. | Satoshi Club:

Thanks for share it.

Mihai Pisica:

Do you have any trading guides? Or will you create one?

David [blowfish.one]:

I just released a document this morning to help clarify the value of individual Puffs. This will assist people in trading Puffs before all of our games are released.

We’re establishing long-term guidelines on what will give Puffs value, so market players can confidently make trades this early in the game.

https://medium.com/blowfishtoken/cryptopuffs-design-doc-e6aa81685c97

Mihai Pisica:

Take a look at it Satoshiers!

Thank you so much! Your answer is flawless!

Andres M. | Satoshi Club:

Thank you, let’s proceed with the final question

David [blowfish.one]:

Sounds good!

Q6 from Telegram user @cryptofollower

Right now BlowFish is listed on both coinmarketcap and coingecko. Also BLOWF is listed on Boge Finance and PancakeSwap V1 right now. But on your roadmap Q3 I see there is an official PancakeSwap listing. What does it mean to be listed officially? Don’t you already on pancakeswap? Also when I try to buy some of BLOWF on pancakeswap it says “PancakeSwap V1 is no longer supported” and “and I may experience significant slippage, resulting in lost capital” warnings. Do you suggest me to buy with pancakeswap v1 or should I go to v2?

David [blowfish.one]:

Listing officially means being on the default list of tokens on the Pancakeswap token list. It involves having a pool with the platform.

We’ve actually pivoted on that goal a bit; I’m seeking out smaller AMM’s for this kind of official listing first

The Pancakeswap messaging on V1 liquidity is a little confusing. But I do recommend using the V1 pool since most of our liquidity lies there. The BoggedFinance swap interface is nice for this since it will automatically route you to the pool with the most liquidity / smallest price impact.

Andres M. | Satoshi Club:

Btw, could you share with us your roadmap? What is the greatest event coming for Blowfish in this 2021?

David [blowfish.one]:

Absolutely! Our Roadmap is visible on our site https://blowfish.one/

But here’s a selection of exciting Q2 2021 events:

Q2 2021

• CryptoPuffs Games launch
• NFT-Generator Platform launch
• Our first oracle launch?—?the event-time scheduler

I’m especially excited for launching our NFT’s as a platform, “DApp as a Platform.” I think that poses as our greatest feature in the near future.

It opens the doors for big partnerships and a new way to bring value back to BlowFish holders.

Andres M. | Satoshi Club:

Congratulations, a lot of big events are coming for you, our best wishes for Blowfish

Part 2?—?live questions from the Telegram community

Q1 from Telegram user @Korryl

I read that you develop lottery system as your first service dApp. Can you explain how does the “Lottery” System work? And you doing partnership with BogTools to launch the “Lottery” System, why do you need BogTools?

Lat @ Blowfish [Will never DM first]:

We have two different lottery systems. One of them is a token-based lottery in which every player adds some of their own tokens to the pool, and then the pool is paid out partially to the winner and partially to a burn or marketing address (it’s customizable).

The other type of lottery (which is the one we did for Bingus) is an LP Lottery where people lock LP tokens for a certain amount of time and the reward comes out of the dev team’s own pockets.

The reason we’re using BogTools is because we need a randomly generated number to determine the winner. Their BogRNG oracle is the best one out there as far as I can tell.

Q2 from Telegram user @highpee

You said your project is unique because you offer “DApp as a Service”. How will this be utilised? Which category of users is your dApp service for (is it for direct users or you make these dApps for companies/projects?) What type of DApp do you build and how does this benefit Blowfish users?

David [blowfish.one]:

We make the DApp service for other projects. We’ve found that even projects with strong technical teams are interested in our offering because it allows projects to add utility to their tokens very rapidly.

The whole “xxxxx as a Service” model has been successful in the tech world since it allows projects teams to focus on new development and leverage existing services instead of re-building their own from scratch.

We’re capturing this value at a high level?—?launching DApps fully end-to-end so that project owners don’t have to do any coding or advanced setup.

Q3 from Telegram user @Indomiekuy

Blowfish project already have gorgeous Blowfish animation. I already look the animation is really wonderful. But I see there are 2 rarity : 1.Standard Puff, 2.Super Rare Puff. What are the function for this rarity? And all this animation will become a NFT or else?

David [blowfish.one]:

There are different tiers of rarity for our Puffs

The varying rarity will play a role in our upcoming games and also adds value for collectible purposes.

Our CryptoPuffs players have really liked finding their Sharks and Whales!

The animation properties will be stored on-chain, and the animation MP4 itself I’m planning to be stored on IPFS. This should give a reasonable sense of immutability for our NFT’s. We’ll have the random_seed=>property=>visual process documented as well.

Q4 from Telegram user @vedamatrix

How can I buy NFT’s on your ecosystem? Do I need BLOWF tokens or BNB coins?

David [blowfish.one]:

A simple but good question

You actually use BNB to get CryptoPuffs, but our smart contract converts your BNB into BLOWF locked tokens or liquidity (your choice!).

This model helps encourage BlowFish value growth since every Puff minted is essentially a BLOWF buy-and-lock. No selling

Q5 from Telegram user @My1queen

What are the future goals do your project have in the next 2years?

David [blowfish.one]:

Longer term, I want our DApp as a Service offerings to be fully self-service. Imagine clicking some buttons on our website and generating a fully working Lottery DApp for your service.

That’s the vision we’re building towards.

Q6 from Telegram user @alptrader

What kind of lottery dApps can be built using your “Lottery as a Service” program?

David [blowfish.one]:

The two biggest options I’ve seen:

• Projects looking to raise marketing funds
• Projects looking to improve their token liquidity

The lottery DApp can be customized to take a % cut for the project owner. So this can be a fun way for a token to raise marketing funds in their community.

Locking liquidity tokens is also an interesting model we’ve come up with for our lotteries. This gives holders incentive to add and lock liquidity in a fun way.

Q7 from Telegram user @atillayeni

I wonder the real potential of the BlowFish. How many projects are using your services right now?

David [blowfish.one]:

We have 5 projects partnered, and I was just told a 6th partner in the works

Q8 from Telegram user @Xusuo

Blowfish is a memetoken which also doing partnership with Bingus Token. Actually this is great because I also know Bingus already doing AMA in Satoshi Club. But can you mention what the purpose and the result that Blowfish get from partnership with Bingus Token?

Lat @ Blowfish [Will never DM first]:

Our partnership with Bingus has succeeded at both bringing us new holders and bringing publicity to our lottery service. We might also collaborate more in the future, so this way we have found a great partner.

Q9 from Telegram user @smelekin

Why other token projects might want to use your dapps?

David [blowfish.one]:

Our DApps allow token projects to very rapidly add new utility to their tokens.

Some of these projects may also have less technical teams and may not have the ability to easily develop DApps themselves.

A lot of projects like to put “DApps” or “NFT’s” on their future roadmap. BlowFish is how they could get it done

Part 3?—?Quiz Results

In the final part, we tested your knowledge in terms of Blowfish. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.

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