Thread by @baconesq

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

$STRONG Q: What feedback have you gotten from Sentinel? Would they like to have more nodes from the Strong community? Do you see a benefit to Strong as a community or company to deploying more sentinel nodes beyond the rewards that they’re not yet prepared to offer? $DVPN

$STRONG A: @WithoutTheRope We’ll be talking with Sentinel again next week. We’re waiting to find out when they will provide node-based protocol rewards. However, we are working on a new overall approach for ALL protocols that may alleviate some of the rewards issues.

$STRONG Q: I had created a $DVPN node as soon as they were released and was unable to pay fees, as was everyone else. After the proposed "fix" I was still unable to pay, I have been back and forth with support over this, the node went overdue, support told me to clear cache etc

$STRONG A: @WithoutTheRope Everyone has been able to pay for $DVPN nodes for weeks. We have several created at various times for testing purposes. We have had no problems paying. Currently, there is no grace period for DVPN nodes overdue as there is for Ethereum 1.0 nodes.

$STRONG Q: Have we set up any deadline date for those who exploited the protocol to contribute 10 Strong before their Node gets removed ?

$STRONG A: @WithoutTheRope It will work differently than that. We handed it to our UK team.

$STRONG Q: Do you see the potential relation to Strong conversation or not? $SOL

$STRONG A: @WithoutTheRope Solana is interesting. We’ve done some work in their protocol. The big issue that happened was their validators getting overwhelmed with 400k TPS and falling down, then needing to rebuild. There needs to be more overall resiliency $SOL (1/2)

$STRONG A: @WithoutTheRope more validators, and more nodes. And less centralization of who can become a validator. These are things most blockchains suffer from, especially relatively new ones. $SOL (2/2)

$STRONG Q: Has the team looked into the Olympus DAO model for a treasury with protocol-owned liquidity? The current liquidity will never thicken beyond a certain point, because mercenary capital will only provide LP up to a certain APR, and move elsewhere for better rates. $OHM

$STRONG A: @WithoutTheRope Heavy stuff there. We are indeed looking at ways to create sustainable pools that have much higher potential participation, and would benefit the ecosystem. We’re also specifically looking at protocols that will support that. (1/2)

$STRONG A: @WithoutTheRope We had a great meeting this week with what we believe will be the next protocol announcement. One of their team even confessed that he is a big fan of STRONG and had been holding since January.

$STRONG Q: I have a metamask wallet with 200 nodes in it, which makes interacting with the website incredibly laggy. I would LOVE to be able to migrate my nodes to a ledger, both for security, as well as for splitting them up to make harvesting and paying fees easier.

$STRONG A: @WithoutTheRope Yes, I brought up node transfer at the team planning meeting yesterday. We believe we may have a way to do this. Keep in mind that thieves are getting more sophisticated; our concern is that they will get your seed phrase (1/2)

$STRONG A: @WithoutTheRope then use a transfer process to claim your rewards and transfer your nodes as well. We’re concerned that people will say that is the protocols fault. So, still complicated. (2/2)

$STRONG Q: Hopefully. it seems there is no benefit to create a DVPN node, no grace period, no $DVPN rewards (as of yet) and an increased maintenance fee...

$STRONG A: @WithoutTheRope There are still STRONG rewards. $DVPN has discussed a grant of tokens that we would then distribute while we wait for rewards to be made native to the nodes. Our preference is for them to distribute them, not us. Yet a grant would be nice.

$STRONG Q: Hi David will there be a platform to sell your nodes in the future?

$STRONG A: @WithoutTheRope Sell or collateralize.

$STRONG Q: When do you expect the testing process of new potential rewards distribution to be completed?
I am a fan of the current rewards but most definitely wait until every Saturday on pins and needles expecting an announcement of changes. Is there a timeline to changes?

$STRONG A: @WithoutTheRope As I’ve been discussing for the last month+, we are working on systems that would reduce or eliminate the need for reducing rewards. If we do need to do so, it would be gradual - say after 100 days of node creation - and (1/2)

$STRONG A: @WithoutTheRope you would be given 30 days notice before we implemented it. So, not sure why you think we’re going to walk into the AMA and announce a change with immediate effect. Only James Bond does that. (2/2)

$STRONG Q: can you pls tell me if our $eth 1.0 nodes will be migrated to 2.0 after Ethereum staking is going live or will they be worthless and nodes are gone forever?

$STRONG A: @WithoutTheRope That’s a longer answer, but the Ethereum 1.0 network migrating to $ETH 2.0 is a long evolutionary process. It’s still the same geth node underneath, with a beacon and some other things added to ETH 2.0 to migrate to POS. (1/2)

$STRONG A: @WithoutTheRope So, we’re not completely clear on this - no one is - but Ethereum 1.0 full nodes should still work in the $ETH 2.0 environment. (2/2)

$STRONG Q: can I just ask where is strong based? I only ask because I’m wondering if you have to comply with the SEC or do you have another governing body? Thank you

$STRONG A: @WithoutTheRope Cayman Islands

$STRONG Q: Thank you for your response David, I’m I right on saying the SEC have no jurisdiction on Strong-block?

$STRONG A: @WithoutTheRope I am not a lawyer. We operate outside of the US, company and servers. No servers in any US jurisdiction. No nodes in any US jurisdiction.

$STRONG Q: has your team figured out how you will he doing the NFT earn, what I mean is once you pull them, how would you give strong holders the option to enter into the earn program, will it be first come first serve or by a lottery, I only ask because I really want a Gold NFT

$STRONG A: @WithoutTheRope The most likely plan is a lottery to earn. I have the doc opened right now with the proposal. We’re trying to have this vetted by our economics advisors next week.

$STRONG Q: can we expect to have the new protocols launched by years end?

$STRONG A: @WithoutTheRope Yes. Sooner than that. We’re working on @0xPolygon and @FantomFDN right now. We’re also hoping to have an announcement of another protocol in the next few weeks. Had a great talk with them, as I mentioned. We’re big fans. $FTM $MATIC

$STRONG Q: any consideration for using xDai to alleviate fees? The reason for them specifically is that they're the only network afaik that uses a stable coin for transactions, meaning the fees would be predictable -- potentially important for accounting and such for the taxman

$STRONG A: @WithoutTheRope Xdai was a possibility early on. Not a lot of adoption from what we can see. There are many EVM-compatibile chains that also have adequate liquidity and bridges. All of them have bridging issues. So we’re looking at several solutions. (1/2)

$STRONG A: @WithoutTheRope Keep in mind that the defi space is constantly changing, protocols emerge and then fade; we are looking at sustainability, not a bet on a particular protocol, unless it’s ours…😉(2/2)

$STRONG Q: did strongblock ever think about making its own blockchain and have the transaction fees in strong? Or was it always going to be eth blockchain?

$STRONG A: @WithoutTheRope Oh yeah.

$STRONG Q: Most exchanges have a small $10 crypto reward for recommending a friend.
Maybe this could be something you could implement on your app to help motivate expansion.

$STRONG A: @WithoutTheRope It’s MLM. We’ve talked about it. We don’t seem to have a problem attracting new node creators.

$STRONG Q: Last week, someone brought up Quant for lower fees. More discussions were held after the AMA. It sounds like you can use Quant to allow us to perform transactions at lower fees without moving the entire project onto their chain.

$STRONG A: @WithoutTheRope We haven’t researched it. The person who brought it up said we could do this with 3 lines of code. That made me highly skeptical. Nothing in tech is easy. We’ll take a look at some point, but that kind of hype turns me off.

$STRONG Q: when will we be able to use governance voting with nodes? where we could vote on important topic?

$STRONG A: @WithoutTheRope Yes, as we move to more circulating STRONG - which will begin happening very soon - at some point there will be a majority of STRONG outside of our control. That’s the time to turn governance on.

$STRONG Q: any plans for a kind of "Strong Foundation"? Node holders could donate Strong to worthy causes. Worthy causes could be decided via governance. I have a bunch of nodes and I'm doing well, same as a lot people here. This would be a fantastic way to make a difference

$STRONG A: @WithoutTheRope Yes. That was a beautiful gesture. We are looking at starting such a foundation with the sale of milestone NFT’s and merch, then others can contribute as well. This is in the works. One of our Customer Support team (1/2)

$STRONG A: @WithoutTheRope with a background and MS in non-profits - is leading the effort. (2/2)

$STRONG Q: I know morpheus labs are a lower ranked project at the moment, but would you consider helping them to build nodes, as their business connections are outstanding? Eg r3, Huawei
I think they could benefit greatly from some strongblock hype

$STRONG A: @WithoutTheRope They are on the list as well. I know I keep saying “they are on the list”. There are over 80 protocols there. As we discuss our approach with new protocols, we use that feedback to refine what makes a good community partner. (1/2)

$STRONG A: @WithoutTheRope Which refines who we talk with next (although we talk with several a week). We’re working on sustainability as well, so there are other factors like grants or delegated voting support for validators. (2/2)

$STRONG Q: you mentioned that you were thinking about tokenizing our Nodes. Are there plans for a future StrongBlock NFT Marketplace where we can sell, buy and maybe lend out our nodes?

$STRONG A: @WithoutTheRope Yes. It’s not as high a priority, but is under development.

$STRONG Q: any update on reward claiming process? Whether this can be done internally from generated rewards to make new nodes

$STRONG A: @WithoutTheRope That is a high priority for ALL claims going forward.

$STRONG Q: What will happen when all nfts sell out? Will there be new ones or secondary market only?

$STRONG A: @WithoutTheRope For now, only earning or secondary market. We have a longer term project that will likely emerge in Q1 2022.

$STRONG Q: If you were not a part of the 1000 wallets selected for the lottery, when will DVPN nodes be available? How many $DVPN will you need for that node?

$STRONG A: @WithoutTheRope The contribution will be in STRONG. We’re not certain when we will open it up beyond 1000. We’re discussing that next week.

$STRONG Q: David - anything important going into Q4 we should know about/be ready for?

$STRONG A: @WithoutTheRope There will be some announcements in the next few weeks that will give you a better idea of what will happen through the end of the year and into next year.

$STRONG Q: Will the $FTM node be opened with STRONG also?

$STRONG A: @WithoutTheRope Yes

$STRONG Q: have you guys looked into offering nodes that are already paying rewards like SRX or GALA but are difficult to run/open? Stronglock is NaaS - why dont you run nodes for them, we could pay a premium for the service. Thanks!

$STRONG A: @WithoutTheRope Yes. In some cases, their nodes are rather spendy. What we’re looking at doing is fractionalizing ownership OR creating pools of nodes that you can stake in to get rewards. We have a big announcement about that coming soon.

$STRONG Q: Is strongblock attracting other blockchains, are they coming to you for nodes at this point or is strongblock still hustling hard like I assumed you were at the beginning of the year?

$STRONG A: @WithoutTheRope It is much easier to get meetings with protocols now. And they know who we are when we have them, instead of it being a cold call.

That's a wrap from this weeks AMA. Excited to see what these announcements will be regarding new protocols, reward pools, NUBI & much more in the upcoming weeks!

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