Recapitulation of SLOTHI TOKEN PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 9th June, 2021
Time: 16:00 UTC
The SLOTHI TOKEN PROJECT team was represented by @SileNce2web and @Bebbel24 who judiciously shared with us detailed knowledge and information about SLOTHI TOKEN PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourselves and your background, also introduce the team working on Slothi Token?
ANS: I would love to. My name is André, I was born and raised in Switzerland where I still live. I did several educations such as a commercial and car mechanic apprenticeship, I spent all in all over 2 years in California working for a green transportation business. Next to many experiences in different business sectors. I have a bachelor’s degree in business management and started a master program in environment and natural resources. Im a musician and just addicted to do sports =)
Hi, I'm also André and I'm from Germany to be exact, from Lower Saxony. I am a computer scientist since 2007 and love to discover and develop new things. That's how I joined the Slothi team.
The whole team is either form Switzerland or Germany. We already count 11 team members which is great. Every needed sector is covered by human forces and the matching skills. In my view, the most impressive side of the team is the flexibility and capability of every team member to support the whole team in different tasks.
Q2: Can you introduce Slothi Token, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: Every day we learn that many projects on Binance Smart Chain turn out to be fake, a scam, or are driven by criminal activities. Impostors are stealing funds and brazenly spreading uncertainty among investors. It is obvious that security and trust are missing in the BSC system.
Furthermore, the main background of several crypto token launches is to reach selfish and short-term financial goals which mostly end up in losses and project failures after a very short time.
We all had enough of it and decided to do something against it. For many people, trust is a foreign word and is abused. For the community, however, this self-evident need for honesty, transparency and openness is a core value and should be placed above everything else. Together with combined forces, the team and its followers have set themselves the necessary goals to combine trust and success. In this way, the Slothi team that will be responsible for the sustainable and secured implementation of the wishes of the community has been born and Slothi token as a value representing product has been developed.
The competitive advantage is a combination of
With buying Slothi’s Token and its connected tokenomics system, investors get the possibility to have a sustainable unique product. As a holder you have the right to vote to enlarge Slothi´s network and products. Whether it is a streaming platform, a donation to charity or a trading bot, whatever you desire…, we check –research - plan – calculate – develop – test – and implement a sustainable and secure solution.
Certainly, the self-evident need of honesty, sustainability, transparency and openness is a core value and should be placed above everything else. This gives Slothi the direction, to be entirely successful and to show that the BSC is capable of satisfying absolutely all wishes. With this background and for this purpose, Slothi is present.
You seems to emphasize on "trust" This will prompt me to ask if the Slothi team is doxxed?
The Slothi team is not fully doxxed yet. We did KYCs. We like to do that step by step like as we just showed up with pictures from members before presale or we just published our real Names in here for the first time ;)
That’s brings me to an idea. Wait please
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: The most important milestone we already achieved is to build up a harmonious team having the same idea, motivation, and power to guarantee the success of the project. We need to take care to each other, give support and helpful advice. There has to be a very matching spirit and mixture between work, health, family and freedom to find the perfect balance and to be very efficient.
Of course there was the launch which was crazy! we didn’t expect such a fantastic start and first days. As it looks like we have fantastic holders and a very loyal community. That’s exactly what we need to be successful. A big thank you! To all the holders and the community who made that possible.
The next milestone will be to finalize the unique SLOTHI sniping bot. At the moment people are doing final test and the whole bot gets audited to ensure the users security.
Besides that, we are working on a voting platform for every Slothi Token holder. As we want the community to vote, there must be an easy way to participate. To avoid fraudulent elections, only Slothi Token holders are able to vote.
Once we achieved this milestone we are ready to go! From now the community creates their own roadmap as introduced and our further milestones will be newly created within the decided goal. We received already many proposals for any kind of projects. We want to be able to implement several projects at the same time and connect them to create a sustainable ecosystem. This way we are on the road to our final goal. A sustainable community driven/decided ecosystem which is as safely as possible.
Was there presale/seed sale?
yes there was
Presale on Unicrypt and there was a private sale aswell which was used to finance the very first steps and allowed us to launch the project.
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: At this time, we are totally independent and enjoy freedom so there is no partnership at the moment. In general, we run a very openminded business and we like to check any possible partnership. Of course, we can imagine to create partnerships and everybody is welcome to discuss with us about possibilities and matching goals.
Has the smart contract been audited?
I believe the audit company should be a partner of the project.
Yes, it has been audited before launch by solid group. these guys made an amazing job. They are just about to audit the sniping bot aswell
ok however we define partnership.. lets say we are very good connected already ;)
Finally on this segment, let's talk about the token that governs the ecosystem of Slothi $SLTH !
Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $SLTH Token?
ANS: Slothi Token is a deflationary BEP20 token issued on the Binance Smart Chain (BSC) with a total value of 1 Quadrillion tokens.
The Slothi token’s utility can be summarized into 3 fundamentals: passive income, burn, and liquidity pool.
SLTH imposes automatically a fee of 13% for all transactions with Slothi tokens (buys and sells). The token holders may not claim the fees or any specific use of these fees from SLTH or any SLTH Project team members, nor have they any legal claim against any other third-party in this regard. These fees are splitted into the 3 fundamentals and will be further explained in the proceedings of this chapter.
5% of the total transaction is redistributed automatically to the community on that exchange, proportional to the tokens that they hold. This system incentivizes our community of holders who in turn support SLTH to make it a sustainable movement.
For the best interests of the community, the burn process has been instituted as part of the transaction process. Every transaction 4% of the total value is used to burn SLTH tokens. Tokens are considered “burned” when they have been purposely and permanently removed from circulation.
4% of the total transaction is transferred back as liquidity provider tokens to the PancakeSwap Liquidity Pool (LP).
Also, the token for the bot is needed to start it. This is to encourage the community to keep it. Also, other projects will certainly include the integration of the token.
2nd Segment: LIVE Questions
Q1: I see that you allow anyone that is in your telegram to vote. Don't you think that is unfair to holders? As just anyone can vote and decide the fate of the token?
how do you intend to checkmate people who will intentionally want to vote wrong decisions just because they are not holding?
ANS: The first votes went directly via Telegram. However, there will be a voting platform on our website where the community can log in with their wallet. Also, only the people who have SLTH on their wallet can then participate in the votes.
The swapAndLiquify function converts half of the contract’s tokens to BNB. The other half of the tokens are used for liquidity
addition. The price of the token drops after executing the first conversion, having said that the other half of tokens require less than
the converted BNB to be paired with it when adding liquidity
if we trigger it, it will be announced in advance. We use the
remaining and stuck BNB to buyback Slothi Tokens.
The recipient of the newly created Liquidity Pool (LP) tokens is the LiquidityReceiver. The newly created LP tokens are unlocked.
This unlocked LP fee is fundamentally important for Slothi
Token. It must be available to pay all the upcoming
expenditures in connection to projects, marketing, IT and
others. All the expenditures must be permitted by the
investors which gives the security not to spend funds from
LP without permission. Further every transaction from the
LP can be tracked and is public.
After every need of LP, the LP will get locked and is not
accessible. also latest after one day.
Q2: I'm love participation in test You have nos beta testing how can join this? https://mobile.twitter.com/Pinlube/status/1402662819154337794
ANS: There will be beta testing. Currently you can win one of 5 seats for the Sniping Bot. This is described in detail in our Telegram group. Such tests will also take place in the future.
Q3: I love the first project, totally on-point. Do you have any other projects in-mind and will you be putting these to a community vote? https://twitter.com/TonyBrownCo/status/1402601972092608514
ANS: The sniping bot, as our first project, is already a huge thing. It is a very valuable feature for every holder and the strategy to must have token to be able to use it will bring a very solid base on holder and value.
After that we like to implement much bigger things. we already have a lot of proposals incoming but we also like to present our own proposals. this could be anything.. a streaming platform, financial investment offers, NFT or others. We cant wait to let you vote.
Q4: I saw in website that there was a voting system, what is it for? Where users will give there vote and what is the benefit of voting?
ANS: No, the voting platform will be decisive for the way of Slothi. There will be voted the projects that Slothi should do.
Follow Us On Our Various Social Media Communities For More Update;
Of course, other open questions can also be further answered in our official Telegram chat.
FOLLOW AMA LOVERS CLUB ON:
Telegram Group: https://t.me/amaloversclub
Telegram Channel: https://t.me/amaloversclub_channel