Thread by @baconesq

Overview of @WithoutTheRope weekly AMA in the $STRONG Telegram ⬇️⬇️⬇️

$STRONG Q: Do you have any news about the new models and the start date for the new protocols? Were excited to hear it from you!

$STRONG A: @WithoutTheRope As I mentioned last week, the new models are now evolving with different kinds of pools and income.

$STRONG Q: is there any kind of sneak preview you can provide on the different models that you're considering? Even at just a very high conceptual level, it could be both helpful and interesting, particularly for those of us with money on the sidelines waiting to hear.

$STRONG A: @WithoutTheRope As I mentioned last week, the original models were specifically for reducing rewards. But it’s way more complex than that. So we’re taking those models and adding revenue from other sources - including validator rewards, ETH 2.0 pools, and more.

$STRONG Q: Since Strong will be launching rewards for the FTM chain.. will this be done with a separate Node, or can the nodes which we already have bought also be used for the $ftm pool?

$STRONG A: @WithoutTheRope I don’t understand the question. Fantom nodes, while EVM-compatible, are not the same as Ethereum 1.0 nodes. They have unique configurations that allow them to run on the Fantom network. $FTM

$STRONG Q: Can you give us an idea of how you expect the rollout of the Polygon nodes to happen. Will it be early access based on NFT? and will multiple NFT's in a wallet be eligible for multiple MATIC nodes? Many of us moved all our NFT's to one wallet......

$STRONG A: @WithoutTheRope Initially, Polygon and Fantom will be early access based via lottery based on holding NFT’s. $MATIC $FTM

$STRONG Q: More NFT functionality and new rewards. Mod is exciting. But it seems like the Strong team is working on a lot of things at once. Would you say that when things get going, a lot will be rolled out at once, or still one at a time?

$STRONG A @WithoutTheRope We are working on several things. The underlying code for $MATIC and $FTM is similar so we are building and testing those components then differentiating them for the individual projects. There are a few other EVM-compatible projects in the works as well

$STRONG Q: hi david do you have any estimation about the possibility for node migration?

$STRONG A: @WithoutTheRope I’ve discussed this many times. It’s a complicated issue. Those who want node migration - almost everyone who has asked - also have compromised wallets. (1/2)

$STRONG A: @WithoutTheRope The thieves have become more sophisticated, making node migration even more problematic. We do not want to be aiding the efforts of thieves. (2/2)

$STRONG Q: @StrongGalt Is it possible that early access could make more than 1 node. Maybe 10 for plat, 5 for gold, 3 silver, 1 bronze?

$STRONG A: @WithoutTheRope That’s a possibility, but keep in mind that if you get to make more than one node, others may not get to make any at all. The rollout for $MATIC, $FTM and other EVM-compatible protocols will go (1/2)

$STRONG A: @WithoutTheRope much faster than $DVPN, as they already have established chains, and are not making backwards-compatible-breaking changes. (2/2)

$STRONG Q: hi, will we be looking at fractional nodes for buyers who can’t afford whole node?

$STRONG A: @WithoutTheRope Yes, it’s something we’re looking at. Fractional ownership may also be possible in the form of a node or validator pool, like ETH 2.0.

$STRONG Q: any further developments on your response to the tweet about the 4 opportunities with Solana....just wondering if that sparked any communication $SOL

$STRONG A: @WithoutTheRope We are very interested in working with Solana. $SOL

$STRONG Q: @Krypto_Lex But as you have said, a persons wallet security is their own responsibility.... Right now scammers are claiming the rewards on compromised wallets because they can't remove the nodes, so what is the difference if they can. (1/2)

$STRONG Q: @Krypto_Lex Either way they are getting the rewards, but it is hindering a MUCH larger group of us that want node migration enabled...... (2/2)

$STRONG A: @WithoutTheRope Thanks for the insight Lex. Thanks something for us to consider. From our perspective, the only time we have been getting requests in support for node migration is when then someone’s wallet has been compromised.

$STRONG Q: Has there been contact between the strong team and solana or are you just open to the idea $SOL

$STRONG A: @WithoutTheRope We have not had formal meetings with Solana, but have mutual contacts. They are on the short list. $SOL

$STRONG Q: can you make a way for us to buy nodes directly from our rewards wallet? It becomes expensive when we have to claim the strong, and then buy the nodes, in two separate transactions

$STRONG A: @WithoutTheRope Yes, that is a priority for us. We want to make it easy and inexpensive to apply rewards to other nodes and pools.

$STRONG Q: David the fees are hurting our momentum and I know you have very little control over that but features in the future that can relieve that pressure would be great.

$STRONG A: @WithoutTheRope Ethereum 1.0 is expensive, especially given all of the NFT drops. It’s always been an issue. That’s why we are working with protocols like $MATIC and $FTM.

$STRONG Q: will you be working with Zilliqa? $ZIL

$STRONG A: @WithoutTheRope We are talking with them. $ZIL

$STRONG Q: Why not? If it stays in Strongblock secured database I don't have a problem with it. (in regards to KYC for nodes) - Which we DONT want

$STRONG A: @WithoutTheRope It completely changes our liability profile, and increases attack vectors on the protocol.

$STRONG Q: Have they thought about increasing how many strings you need to make a node?

$STRONG A: @WithoutTheRope Not at this time. With current prices, it’s prohibitive for many people to create a node. We want to make it more accessible, not less.

$STRONG Q: do we have to have an nft to participate in other protocol nodes?

$STRONG A: @WithoutTheRope Initially, yes. Long term - once a protocol opens up to many nodes - it’s less likely.

$STRONG Q: When the time comes and we aren't required to claim our strong to create a new node, I'm assuming it would come at a fee which is less than current gas fees to put back into the protocol? E.g cost of claiming 10 strong would be 0.1 strong

$STRONG A: @WithoutTheRope Well, it depends. Ethereum 1.0 is about math and time. You pay for both. There are ways to reduce math and time, but ultimately nothing is free on Ethereum 1.0.

$STRONG Q: With new protocols coming on boar and your vision to had many more will there be a feature to convert a node from one protocol to another. Up until now we really haven’t had any choices. Will those choices be locked in forever or have some flexibility moving forward?

$STRONG A: @WithoutTheRope It’s something we’ve discussed, but keep in mind that nodes are not interchangeable, even if they use the same underlying engine. So, it would be more like a marketplace and/or collateralization of your nodes.

$STRONG Q: Is it possible to change it so that there is no claiming fee anymore?

$STRONG A: @WithoutTheRope Ethereum 1.0 charges for everything. If our protocol sends you STRONG, it still costs gas. We would be paying it instead of you. We looked at many approaches, and this was the most sustainable.

$STRONG Q: David, not sure if it's ever been asked but has it been discussed whether there could be two options for node creation? Option - 1 your initial capital is not locked but the rewards of the node are much lower (e.g. 0.05). (1/2)

$STRONG Q: Option 2 - current option. I know some people probably don't want to lock away their capital for 100 days, and in doing this it may still aid in adoption of the project. (2/2)

$STRONG A: @WithoutTheRope It’s something to consider. If you simply wanted to run a node with very low rewards - just pay the monthly fee and a small stipend - that could work. We have not examined this yet.

$STRONG Q: is this being implemented (new revenue streams)? or do you mean that it is still being tested by adding the new factors of added revenue streams?

$STRONG A: @WithoutTheRope We are looking at multiple ways to bring in additional revenue for rewards.

$STRONG Q: if we have any form of DeFi it could be away of locking up more strong in collateral debt positions for loans and insurance.

$STRONG A: @WithoutTheRope Exactly. That’s what we’re building. Eth 2.0 node pools, validator node pools, etc.

$STRONG Q: I totally see that wondering if the idea of shutting down the node and re-spinning it up at a cost even could be an option. Worried about the risk involved in going all in on XYZ node as a strong customer and XYZ chain falls off the face of the planet.

$STRONG A: @WithoutTheRope Well, we aren’t partnering with protocols that we expect will disappear.

$STRONG Q: will we see polygon or fantom nodes going live by the end of the month? $FTM $MATIC

$STRONG A: @WithoutTheRope We’re working on both of them now. It depends on how testing goes.

$STRONG Q: we want Strong token yo hold its value and not fall against that of other node tokens. What’s the best way to protect our interests now that people have you buy other tokens other than strong to run a node?

$STRONG A: @WithoutTheRope No one has to buy tokens other than STRONG to run a node at this time. We are of course concerned about rewards stability, which is why we are discussing a “basket” of rewards that would have a peg.

$STRONG Q: in terms of what we have in the pipeline what are you most excited about coming to strongblock by the end of the year

$STRONG A: @WithoutTheRope We want to have multiple new protocols as well as validator and $ETH 2.0 pools, all working together toward sustainable rewards.

$STRONG Q: @Krypto_Lex we have been seeing a fairly regular amount of people placing TX's and they immediately fail and show "out of gas" in a matter of seconds, even when gas in NOT adjusted lower. Do you know if this is a StrongBlock specific issue, or something else?

$STRONG A: @WithoutTheRope We were curious if was us, but we are seeing this too, completely outside of StrongBlock. You can thank Berlin, London, EIP-1559 and other upgrades to the Ethereum 1.0 network.

$STRONG Q: And how to earn them? (NFTs)

$STRONG A: @WithoutTheRope That’s being worked on right now. We will reach a percentage of Silver and Gold sales - we’ll announce that those numbers are soon - and then, when they hit, you will contribute to and enter pools to earn them. (1/2)

$STRONG A: @WithoutTheRope The goal is to make them more accessible. We have a more elaborate earning system that won’t roll out until Q1 2022. (2/2)

$STRONG Q: David, with the expansion of sidechains and competition in the market can you comment on any interest to Cardano at this time? Is it even feasible? $ADA

$STRONG A: @WithoutTheRope We’re interested in Cardano, but our observation is that implementing smart contracts on Cardano has been problematic. Regardless, they are still on our list. $ADA

$STRONG Q: Will there be other nfts in the future also, like higher than platinum or gold?

$STRONG A: @WithoutTheRope There is a new system we’re working on that will have more ways to earn NFT’s - including some new ones. Q1 2022 projected.

$STRONG Q: Any possibility for a DAO-controlled STRONG ‘vault’ of yield-bearing assets (collected from partners/clients and/or new nodes) where the yield is used to help replenish the rewards pool?

$STRONG A: @WithoutTheRope That is EXACTLY what we are working on 😉

$STRONG Q: How about $Luna?

$STRONG A: @WithoutTheRope Yes, we are interested in $Luna. Very impressed.

$STRONG Q: IF there will be a reward reduction, how long in advance will you be announcing it?

$STRONG A: @WithoutTheRope IF - and that’s a big “IF” - we have said many times that we will discuss it with the community first, then give a minimum of 30 days before it goes into effect.

$STRONG Q: We want airdrops of $FTM, $Matic and other tokens and may be new ICO chains we support

$STRONG A: @WithoutTheRope Free money? Hmm. For those tokens, it would more likely be associated with participation, nodes, nft’s, etc.

$STRONG Q: Wait, does this mean we might also be making nodes for them in the near future??? (Avalanche) $AVAX

$STRONG A: @WithoutTheRope "Stay tuned." $AVAX

$STRONG Q: charitypops.io is something interest. they deal with NFT that give back to charity. The owner of Flex watches started it just recently.

$STRONG A: @WithoutTheRope Yes, we are excited to add charity components to the protocol.

$STRONG Q: instead of airdrops could the protocols pay strongblock in their native token that can be placed in a liquidity pool to increase the sustainability of strongblock then the ones with the protocol nodes are then airdropped with the interest earned

$STRONG A: @WithoutTheRope Yes, that’s the overall concept we’re working on - enhancing sustainability through pools.

$STRONG Q: I’m just impatient

$STRONG A: @WithoutTheRope Yes, I’m impatient as well. I want all of these protocols now. I want the pools now. I want sustainability now. I want an oompa loompa now. But I have been around long enough that I know that good software takes time.

$STRONG Q: You were talking about node migration. Is Eth 1 to Eth 2 a possibility?

$STRONG A: @WithoutTheRope That’s a long way off. We’re working on $ETH 2.0 pools. I’m rather curious why no one has picked up on how significant that’s going to be...

$STRONG Q: can you explain how it will be significant? help us understand

$STRONG A: @WithoutTheRope $ETH 2.0 nodes require 32 ETH plus all of the tech associated with it. And then you have to lock it up for a year. That’s unobtainable for most. We’re going to fractionalize that, and tie it in with sustainability.

That's it from todays AMA with @WithoutTheRope. Thank you for taking your time every week to answer the communities questions! Here is to a bullish future with 50+ protocols! 🚀🔥

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