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Everscale x Bybit AMA Session
Recorded: Feb. 28, 2023 Duration: 0:48:49Space Recording
Full Transcription
Hi Vlad, can you hear me?
Cool
Yeah
I can hear you well
Perfect
I can hear you well
I can hear you well
I can hear you well
I can hear you well
I can hear you well
Good afternoon, everyone.
I hope you hear me well.
And welcome to today's AMA session of Everscale with the Bybit representative, Bybit community
manager, Kilo.
Hello.
Hello, how are you doing, my mate?
Do you hear me well?
Yeah, we can.
We can.
I think Kilo should hear us.
Kilo, we don't hear you, mate, please unmute yourself and say a couple of introductory words to the community.
Okay, so it seems we have some technical difficulty, just give us a second.
It seems we have some technical difficulty, just give us a second.
Yeah, Kilo, you are co-host, so you should be able to speak.
Okay?
Okay.
I mean, if I do, I do, I do, I do, I do, I do, I do, I do.
Yeah, I do, I do, I do, I do.
Okay.
Okay.
yeah killer yep perfect i see that you can now unmute yourself please
let's go hey guys how are you guys doing um
we're doing great actually so how are you doing my mate
so everything good uh very excited for for having the chance to talk a little bit more
about buy boats and share also uh some time with the everscale community so very happy to be here
today okay excellent excellent well the community is joined so let's uh commence with some introductory
words so please tell us a bit about yourself and uh what do you do at buy beat actually
right very good so yes my name is kilo i'm a community manager and basically we get to hang
out with our community daily and discuss recent news and ongoing promotions that we do have at
buy beat um as you might know uh we are very product oriented on buy beat so
buy beat is constantly releasing new products and what we do is that we discuss these new products
with our community we teach them how how to use them um we also um help them to troubleshoot like
um very frequently issues that they might encounter uh during this process and basically that's it right
we enjoy spending time with our with our community members we are also always on the lookout for
our new traders um so we can make sure that we provide them with all the tools and knowledge
that they need uh for using the platform right um if you get to spend a little bit of time in the
by the community you will see that uh we do have like many um trading competitions we do also uh have
many um live trading on the community so so i mean we we enjoy the the crypto ecosystem we enjoy the
blockchain ecosystem and we are always discussing about it like i was telling you right there are many
products that we do not only have the spot platform but we do also have derivatives uh options trading so
many products right so yes i mean basically we want to join our users during their journey of growing
their skills and also growing their portfolios as well right so yeah for those that are not familiar
with bybit uh you guys can go to bybit.com uh you will be able to learn more about us uh you will be able
to learn a little bit about our vision uh on how bybit wants to be the crypto arc and get away to the web3
ecosystem and and pretty much it right like we we are on the lookout like i was telling you for new traders
we want to empower crypto believers with next generation tools uh support and opportunities to
unleash their full potential and level up with web3 so very excited again to be here thank you so much
um to the everscale um team uh for giving us this opportunity yeah thank you so much for this great
introduction so and i really have uh made a dig into the bybit community recently and thank you again
uh for hosting our brilliant ams session recently for your excellent community and uh yeah i i i cannot
but i noticed that there are quite a number of projects that are aiming to to be listed on by
bit and uh most of them are uh are coming uh through uh your product that's called by votes so maybe you
can give us uh a hint about what is by votes and how uh typically your users are getting the votes to vote
for yes thank you so yeah absolutely i mean um we had a chance to to to learn a little bit about uh
everscale in our past ama and i mean we're very happy right because we're back with the chapter 12
of by votes and and for the no for the ones that are not very familiar with by votes uh this is your
chance to vote for projects that you would like to see listed on the spot trading platform right so
personally i really like and i really enjoy by votes because um bybit is giving um this chance for
for community right so if you are a community member you will be able to cast your votes and get your
favorite project listed on the platform and not only that but you will also receive a guarantee reward
just by voting right so so it's pretty straightforward um hopefully during this ama we can get a little
bit more into detail but um if you want to start learning more it's very easy you just have to go
to bybit.com and then you will go to the trade section and you will find by votes over there you can
click on the link on by votes and you will be able to learn how to participate you will also have access
to the user center over there and we do also have uh and a countdown right there so you can stay tuned
on how to participate in by votes the different phases that we do have and and stay tuned with the
countdown for when you will be able to participate when you will be able to stack your coins to receive
your votes and then um when are you going to be able to cast your votes as well so very straightforward
right go to bybit.com then go to trade and you will find buy votes over there
thank you so much and uh yeah so i want to remind uh all of the everscale community first of all and all
the bybit users that uh we are going to uh have some voting for three new coins uh one of which is
everscale our brilliant network uh to be voted for so uh don't forget to follow the procedures that
kilo has described now and uh just go there just monitor the countdown and don't miss the moment to
vote for everscale and also to uh enjoy a chance to participate in uh in a draw uh so uh kilo maybe
you can also give us a bit more details about how users typically should vote so uh how it will be
going on uh just in a couple of days please yes absolutely so very good question right so how do you
vote on on buy votes so like i was telling you at the beginning of the ama um we are very very excited
about buy votes um chapter 12 because previously you were able to to collect votes by holding stable coins
but in this specific chart uh chapter we have added bid so this is amazing because also bid holders uh if you
are holding bid you will also be able to get votes so it's very easy we will take a snapshot of your
baby that counts tomorrow on march the first at 11 59 p.m utc time so like i was telling you if you
want to the best way to stay tuned um to this is uh going to the bible's website and paying attention to
the countdown to the countdown that we do have there but um tomorrow we will be taking a snapshot right
and the more coins you hold which this one includes um all stable coins that we do uh offer on
by bit plus bit so the more you coins you hold the more votes you will receive so for example let's say you
have a total of 500 usdt right across your spot wallet across your derivatives wallet and also in your
earned account so if you're holding these 500 usdt by the time by the time of the snapshot on march the
first at 11 59 p.m utc time you will receive 500 votes so very straightforward very easy to follow and
also if you want to to to have extra votes just by completing um the kyc level one you will also receive
a bonus of 50 votes of 50 votes so if you have your 500 usdt plus your kyc your account you will receive
a total of 550 votes so very nice and remember that when you vote and your favorite project is the one
that wins the bible chapter 12 you will also receive rewards based on the amount of votes that
you casted so the best way to learn more about this you can go to bybit blog and you will find the
announcement there and you will be able to see like all the specific cases but um in general that's how
you vote right you just make sure to have your stable coins and also your beat ready for the snapshot
and then you automatically receive your votes excellent so pretty much straightforward so uh guys
and again so highlight so you have only two days left to deposit your funds on the bybit to get your
votes and or to complete some uh quests uh on the bybit website so uh to get additional votes uh kilo
tell me uh my friend so is kyc uh obligatory for participation in the voting yes well very good
question blad thank you for asking um so this is a very frequently asked question and the answer is
yes uh you will need kyc to participate in by votes users most complete um the kyc level one in order to
vote this is very easy it will only take you like few minutes and and you can do it through the app or
to the website as well and remember if you complete the level one kyc you will also receive your bonus
buy votes coupon worth 50 votes in total so there's no excuse it's very um easy like i was telling you
and also um we do have a a blog post that maybe you will be able to help me post in the comments of the
twitter spaces where you can find more about kyc and why kyc it is important for traders and why it
matters right so if you want to um learn more about kyc uh make sure to go to the blog post and you will
find all the details there but thank you for your answer uh for your question of that yeah thank you so
much for this instruction so guys and please uh pay attention to the commands to the space uh so we are
posting all the links that will be useful for you uh out there so you can easily follow them and get
all the required instructions and uh and help on the voting process uh uh also so i would like to
draw attention to the fact that you can participate in the in the airdrop so can you maybe give us some
details about how to get the drop rewards
very good yes absolutely i mean um i mean our community and community members in general are
always um looking uh the the way that they can earn rewards right and and for buy votes i mean it's
very easy it's very easy um for for community members to to being able to to grab uh prices from from
these juicy price pools uh if you go to the bible's announcement you will see that um each specific
project that is competing in the chapter 12 of bible's allocated a price pool right so um you
so so the question right how how to get the airdrop reward so it's very very easy you just have to hold
like i was telling you before you just have to hold your beat and or your stable coins like usdt
like usdc we do also have usdd die cusd and busd so many many options uh to be able to vote for your
favorite token and win airdrops so upon conclusion of the voting round participants who have voted for the
winning project we'll share the total reward pool distributed to each session so the formula i mean
it's very easy so you will receive the reward based on your vote plus the total vote multiplied by the
total prize pool so like like i'm telling you right there's no easiest way to to to win the rewards you
just have to make sure to cast your votes for your favorite project and once your favorite project
wins the competition you will receive your rewards based on the amount of votes that um that you use
to vote for this specific project so please note that a cap for user will be set according to the total
amount of prize pool rewards distributed in each session this is to make it fair and also the
rewards will be credited to your spot account within three hours after the voting period ends so this one
is like the fastest way to receive your rewards like it's just like three hours so i mean we are super
excited we can't wait for them for the voting period which is very very exciting to see like like how these
projects will be competing uh between uh each others and then like i was telling you right you can go to
the bible uh website on baby.com and you will be able to see like the different phases that we do have
there like i was telling you right so the snapshot case this one is the most important phase as of right
now we are like one day and few hours away from the snapshot so remember on march the 1st we will be
taking a snapshot of your um bybit accounts to um provide you with the votes then on the phase two we
will have the voting phase and the voting phase will be from march the 2nd to march the 3rd so during the
voting phase you will be able to cast your votes right and then we have a third phase which is the
allocation phase that this one will be from march the 3rd to um this one it only takes few hours this
only takes two hours right and tokens will be allocated to each user who voted for the winning project
and based on how much they voted and then on march the 3rd at 10 a.m utc you will have the results
announcement so very easy to follow guys it's super easy to participate in buy votes and i would like
to invite you one more time to go to the website bybit.com and find all the information on how to
participate you are just in time to start holding your stable coins and also your bid to get votes and
be able to vote for your favorite project so thank you black thank you kill so so comprehensive uh
explanation of what will be going on so and you know what i really like about this is that it's
extremely simple so and uh pretty simple straightforward and uh you get the results almost right away so guys and
i would like to remind you that the voting uh again starts on uh march the second uh at what specific
time kilo so uh i i don't remember so it's uh two three three a.m utc right that's correct so the the
voting phase which is the the second phase will start at 3 a.m um um utc and it's a little bit
challenge to keep track of all these um of all these times right so that's the reason why i was
inviting you to go to the website because we do have the countdown over there and you can also sign
up for the event calendar to receive notifications so um so yeah but the voting phase it will start
on march the second at 3 a.m utc and remember right now we are doing the snapshot phase so the most
important um right now is making making sure you have all your stable coins and bid on your on your
bybit account so it can be counted uh for the snapshot thank you and as ever scale is a global community
so we have actually communities from all around the world in asia in minor region in europe in in the us
in the latin america in africa so guys i definitely recommend you setting on your alarm clocks uh on
just not to miss the uh time for the voting and let's get the bus uh actually on the time so let's
get it uh to to the first place right away so from the first second place uh okay kilo thank you so much
so this this were um five introductory questions from our side so and uh however we have a lot of
questions coming from our community there are several dozens of them and we have uh picked several
uh most uh fancy questions that we believe will be interesting for both communities both for ever
scale community and by beat community so uh let me start from the first one uh so the question is like
this so can i vote multiple times or for multiple projects and what are the minimum and maximum number of
votes that the trader can use in voting asks a user from telegram please
thank you so much vlad and thank you for the user uh this is actually a very frequently asked question
very very good question and i mean for for the first part of the question right can i vote for
multiple times or for multiple projects and the answer is yes users can vote multiple times during the
voting period however do not that the voting vouchers can only be used once and cannot be carried forward
to the next session so you can vote multiple times but you will have to split your votes it doesn't mean
that you will be able to vote multiple times with the same boat so let's say for example you have 100
votes you will be able to um both use maybe 50 votes for one project and 50 votes for other projects
and users can also vote for multiple projects in each section so thank you so much for your question
and when it comes to the minimum and maximum there is a minimum and maximum so the minimum number of
votes that you can cast is one and the maximum number of votes for each product for each product is 10 000 votes
so if you want to learn more about this um i will be uh also sharing the faq for buy votes uh maybe you
can help me by um sharing that with the community so in case they do have more specific questions they can
always go there to the faq and they will be able to find all the details there absolutely absolutely so
we will share all the links uh down under these uh spaces uh conference so please just go there and uh
get a hint okay so uh let's go for the second question in a row so um crypto market is currently in
a bear market uh says a user from the telegram uh does by beat have a finance earned product promotion now
thank you well this is actually uh another very good um question and yes i mean it's not a secret right we
have been um or or we we were struggling right because now uh recently we have been able to see um
um a positive price movement uh for btc and for other altcoins but uh in the past few months i mean we
were struggling we were uh in extreme fear and everyone was talking about um how rough it was this bear market
right especially um with with community members right so so the question is very interesting because we do have
um um um this specific by bit earn section right and why is this by bit um earn section um helpful during bear
markets and mostly because it allows you to generate yield right it will allow you to generate deal and
also um you will have guaranteed you and you will be you will have the ability to um withdraw uh your
deposits like um in any time so i'm talking about by bit savings which is a by bit earn product and
it's risk free so in case you want to learn more about this type of uh products on by bit i will invite
you to go to by bit earn and you will be able to learn all the information about by bit savings also
liquidity mining uh dual asset and or lounge put as well so you you know by bit earn and you will be able
to to learn more about it over there and also i would like to add uh recently we added our our trading
bots and within these trading bots we do also have a dca trading bot which is also a very resourceful uh
tool doing bear markets that will allow you to uh increase your bags by doing uh automatically buys and
all this is made by by these trading bots so you don't have to spend like any time doing like trading
analysis you don't have to spend like any time um getting into um specific uh trading strategies
the bots will do it for you so make sure you guys go and check this out as well or trading bots this is
the smart trade uh made easy product on by bit very very useful for not only for for for experienced
traders but also for new traders so make sure you check it out thank you black thank you so much kilo so
it's uh excellent and uh yeah so in current bear market phase uh earn products uh uh really really
something that attracts a lot of attention from user site and it's so great that you have such product in
your on your portfolio uh so let's come to the next question actually so uh speaking about the plants in the
future so uh we have a question uh from a twitter user uh zonester 69 so uh and uh he or she asks uh what is
the vision and mission of by bit's plans in the future and what are the advantages of by bit with
others and for by bit lovers of course right so i think i mentioned it a little bit about this before
but uh our vision is uh be the crypto art of the world right we want to embark all these crypto believers
with um next generation tools uh support and opportunities to unleash their their full
potential and level up with web three so so it's it's very simple right and like i was telling you
before uh we are very um product uh focus oriented here at by bit and not only that but our our motto also
is that uh we constantly listen care and improve to deliver a next level trading experience for our users
so you will notice that we are very focused on feedback we are also collecting feedback from
community and trying to improve in a constant um daily basis i mean we are releasing constant and
constant updates to our products and our community is at the center of everything we do uh we really love
our community we really love our by bit traders and also i mean with our system right it it's very advanced
it's a very user-friendly platform and we do have top-notch products like we provide reliable navigation
towards the financial freedom and that's what we focus on here on on by bit and i mean combined with the
best-in-class infrastructure uh we move on forward towards a better and brighter decentralized future
we do believe in decentralization so um so yeah i mean that's that's pretty much what um
we focus our vision and also our our mission here on on by bit excellent excellent thank you so much and
yeah guys so by bit is uh really innovative and uh fast uh being fast developed and has a lot of new
interesting products so just subscribe to these social media and follow the news and uh pay a visit
actually to the website to see how many products they have on the portfolio uh so uh one of the twitter
users is also asking uh about the upcoming events and giveaways uh at by bit so uh what kind of promotion
does by bit offer to its users currently very good question so um i mean this is um this is actually
something that makes me very excited to talk about right because um here at by bit um
we do have this unique way to rewards our users right we do have many bonuses and in many prices that we
give away on a daily basis not only in community but uh you will also notice that um on by bit we do
always have uh trading competitions um available for in not only on spot market but also in the in the in the
futures platform so the best way to stay tuned is going to our by bit blog and checking the announcement page
but if you also want to join the community you can join the telegram community and you will um you will
be able to join the by bit announcement channel on telegram and you will stay tuned of all the
activities that we do have like i was telling you right not only community activities but we do have um
plenty of ama sessions like this one where you can grab uh bonuses from the juicy prize pools the
trading competitions we do also have um the many promotions for our other products like for
example the ongoing promotions that we do have in our p2p um platform we do also have the community
activities just by um spending time in community you will be able to grab uh bonuses as well so many
many options right so make sure you join the community uh not only on telegram but also on discord
on reddit and another way to stay tuned of everything that's going on on by bit is um
or twitter as well so make sure to drop a follow there um as well yes
okay thank you so much kilo so excellent answer and guys please again so don't be afraid and go to buy
beat website and uh have a look at the promotions so they have quite a number of uh different
opportunities for you uh for common users for traders uh and uh for all others so uh thank you kilo so we
have uh several questions related to the current uh participation of ever scale in the voting on by
beat so just uh maybe i will also hop in here because we have a lot of uh people from the bybit community
who have come and joined us today on this brilliant may session so the first question uh comes from
twitter so why should we vote for ever scale and what are some unique features of the blockchain and
the product development uh so basically what is ever scale it is a fifth generation blockchain that
combines uh all the brilliant features of the blockchain technology coming from different
developers so and it combines both security coming from all other experience of the blockchain
developers it combines an unprecedented scalability meaning that it can be scalable up to 1 million
transactions per second and with a proven world record of 64k tps uh on the real uh live network and also
it offers a really convenient uh approach for development and creation of decentralized applications and
it is pretty much very very solid ground for creation of all other products and ecosystems and
uh um i can speak about ever scale features for hours you know so me and people who have attended
ever scale community calls know know me and uh however so if you would like to learn more about
ever scale so we have prepared a lot of uh excellent materials education materials some explanatory videos
some tutorials some use cases and all of them you can find on the ever scale website and you can find the link
uh below in the description of of this room uh also uh what is great about ever scale it's its community
and developers because there are dozens of different teams who are creating their own products and uh
interacting actively with the community they're creating some uh nice interactions events uh giveaways uh and all
of all other stuff and uh currently we are more than two and a half almost three three years
of mainnet operations and we have created a really prospering and blooming ecosystem with all the basic
blockchain products that you can discover for yourself and find them extremely useful and convenient uh so
this is just a shameless self-promotion of course and uh but this is a question coming from the real community
guys yeah so let me come to the next question also so how does ever scale plans to improve scalability on
other networks uh and also how would they ensure full transparency with the validators regarding our
proposals uh important thing about ever scale to understand is that we are really community oriented
blockchain and we are community oriented from the very beginning and decentralized uh in terms of governance
uh from the very beginning and uh it means that uh we have dows all over the place so and with the
principal dow called ever dow located at ever dow.net uh so where you can find the voting for most
principal uh decision made on the network and uh we are always uh in uh as i am representative of the
ever scale defy lines so we are in uh permanent contact with the community we are listening to
them we are trying to find a good balance between the strategic development of the network and also
about the interests of the community itself we are listening to them we are trying to learn from them and
make the ecosystem of the network better um also the next question so uh how many chains go down we have
seen many chains go down at peak usage like matic optimus solana and huge gas spikes on ethereum and uh
so how does ever scale address this issue if it ever arises so uh actually yeah so we have seen this
question uh yesterday uh yesterday on the biobits uh ams session as well so the architecture of ever
scale is uh uh brilliant in that sense that it can easily scale and it uh doesn't depend on the workload
meaning that it can be scaled and keeping the gas price stable it means that it doesn't suffer from
uh the evm uh issues with the gas price uh even uh uh although now the gas price on ever scale is
extremely small we still consider it a bit too high and we will decrease it even less even more in uh in
future uh when we will make the gas price dynamic uh uh according to your roadmap is there something that
you have not been able to achieve to date uh and what are the new challenges for ever scale to
compete uh with such ambitious projects on the market uh actually so uh we managed to achieve pretty
much uh every every big steps that we indicated for ourselves and uh we have uh launched the new uh
version of the node software and now it has been updated regularly at least once a month uh also we have
uh a number of big roadmap steps for 2023 including the implementation of the reliable reliable external
message processing protocol uh developers will understand that it is important and also introduction
of the new type of consensus that will improve the security of the network even further and it will be
uh much more reliable than the traditional byzantine phone tolerance uh consensus uh but besides this so
uh i'm really proud that we managed to attract a lot of fascinating developers to our community and have
created a good dialogue with them and they are now creating uh the products in our ecosystem and you
definitely should go there and find them out so and uh there is a an excellent page on the everkit media uh that
uh combine them all together so just take some time to discover those projects for yourself and you
will find them extremely useful uh and uh yeah last but not least uh how many projects have built on
ever steel uh network and how to purchase ever at the moment uh so uh actually we have uh roughly 60 uh
principal products that we are worth mentioning of and that we know of but uh there is a huge community of
developers uh at least of uh eight to nine hundred people for all around the world for developing their own
applications and we definitely don't know uh all of these applications yet so and we are still discovering
for ourselves and we are trying to find those those developers and talk to them and help them and
communicate what they really need so if you are a developer and you have a product that you are
choosing the network for so definitely ever scale the choice for you uh
to purchase ever at the moment uh i hope that in a few days you will be able to purchase it at
by beat definitely yes it'll be the easiest way for you right kilo
absolutely yeah but just for you to discover so of course uh we have some links uh that we have
combined all the links of all the places where you can obtain the ever token at the moment
and uh definitely once ever scale is on the by beat it will be on the list there so uh just to make it
short and straightforward uh yeah so these uh there are quite a lot of uh other questions but they're
mostly repeating uh the one that we have already discussed uh so let me take this minute and thank uh
uh kilo for coming here i know how busy you are man and i can imagine that you have a lot of stuff to do
before the world is starting uh so uh really big thanks from the uh ever scale community for coming
here and telling us about by beat and by votes and i hope that we will uh host some additional ama sessions
with you in the future absolutely thank you so much for having us and thank you also uh to the ever
scale community right especially because uh they have been very active uh showing their support to to
ever scale during this uh chapter 12 of by votes and i would just like to um take advantage of this time
to remind you guys to please visit uh bybit.com and go to the bible um page to learn more about the
different faces that you have and how important it is to pay attention to the snapshot phase which is the
phase that we are currently right now and make sure uh in order to get your votes to make sure to hold your
tokens on your bybit um on your bybit wallets right the bybit wallets that you can hold your tokens is
the spot wallet it's also the derivatives wallet and the earned wallet as well so just by holding um
your stable coins and also your bid here you will be able to uh grab both you don't have to commit
your your your stable coins we won't take like any fees or we won't take like like any amount of your
of your stable coins or bid it's just by holding them we will take it we will be taking the snapshot
and providing you with your votes also remember that just by completing the kyc level one you will be able
to get an additional 50 votes so make sure you go to the website you pay attention to the countdown you
have your coins ready for the snapshot and then um on march the 2nd get ready for the voting phase
when you will be able to pass your votes for your favorite project so thank you again ever scale
community for having us and um also if you want to join the bybit community make sure to visit us
on telegram on discord and reddit as well thank you so much black thank you kilo and thank you uh
my audio community for coming uh today and asking these excellent questions and helping us to uh get more
information about the bybit and bybit votes so let's stay in touch and thank you everyone for coming so and
have a good rest of the day
