If you missed our amazing AMA with Satoshi Club on Telegram (Sept. 10th), here’s a recap so you can catch it when you want.
Part 1 — introduction and questions from the Website
D. | Satoshi Club:
Hey Satoshi club!
Gold Rocket | Satoshi Club:
Hello, dear Satoshi Club community! We are pleased to announce AMA with Retreeb
D. | Satoshi Club:
Today our guests — @Jeremilti and @jodsav !
Happy to have you here!
Jeremi Lti:
Hi to all! Thank you for the invitation. I am very happy to do this AMA with you 😉
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, guys
João |CM|:
Happy to be here 😉
D. | Satoshi Club:
Welcome to Satoshi club guys! 😊
Jeremi Lti:
Thank you for the welcome 🙏
Gold Rocket | Satoshi Club:
How are you doing😊
Jeremi Lti:
Fine the times are good you know 😉
And you ?
Gold Rocket | Satoshi Club:
We are really excited about upcoming AMA😁
D. | Satoshi Club:
Great! 😇
Indeed
Gold Rocket | Satoshi Club:
Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Retreeb
Tell us please about your position in Retreeb
Jeremi Lti:
Me too, especially since I have seen some very pertinent questions 😉
Gold Rocket | Satoshi Club:
This is what Satoshi Clubbers do great😁
D. | Satoshi Club:
100% agree here 👀
Jeremi Lti:
So I am Jeremi a co-founder and CEO of retreeb. I practice blockchain and I have been investing for 4 years.
I am also a professor at the university and in business school in blockchain applied to marketing.
Gold Rocket | Satoshi Club:
Wow! Good crypto experience
Jeremi Lti:
And i’m so bullish on fantom (of course), Elrond, Solana and somes smallest project like retreeb ofc ^^
Gold Rocket | Satoshi Club:
I would like to study at this university😁
Jeremi Lti:
Comes to us 😎
In Paris 😉
Gold Rocket | Satoshi Club:
Therefore, today the crypto industry is still for amateurs and fanatics.
😍🗼Jeremi Lti:
So retreeb is a Swiss register company (Geneva)
, but the team is French and so we just opened these summer offices in Paris.
With a very nice view ^^
Gold Rocket | Satoshi Club:
Maybe it will happen one day😊
Jeremi Lti:
Gold Rocket | Satoshi Club:
Is this your team?😍
D. | Satoshi Club:
Fantastic six 👍
Jeremi Lti:
A part of them 😉
D. | Satoshi Club:
Oh, so you have more people behind the project? 👀
Gold Rocket | Satoshi Club:
Then tell us more about the team. Who is at the core of the project?
Jeremi Lti:
We are more than 20 on the project right now. To Geneva, Milano, Abu Dhabi, Lyon, etc.
D. | Satoshi Club:
👍 decentralized team
Almost like Satoshi club 😄
Gold Rocket | Satoshi Club:
As far as I understand, you are all public figures and the team is not anonymous.
Jeremi Lti:
They are au Dev team, product team, marketing team. There are also a new CFO and a new Legal Director for the compliance and agreement issues.
Gold Rocket | Satoshi Club:
Yes that’s cool buddy❤️
Jeremi Lti:
Absolutely and you can check it on the website: https://retreeb.io/team.html
Gold Rocket | Satoshi Club:
Great
Jeremi Lti:
You know my role in retreeb is clear. lead the company, be the sherpa, and the ethical awareness of the project. And of course, build the best team around me.
Gold Rocket | Satoshi Club:
Give us a brief introduction to the project. What is the essence of Retreeb
Jeremi Lti:
Ofc. but you know i like begin an AMA with basic a question. 😏
Gold Rocket | Satoshi Club:
It is a very important task to be a leader👏
Jeremi Lti:
Did you know that there will be 1093 bn digital transactions in 2022?
Gold Rocket | Satoshi Club:
Lead us 😁
This is a lot and very soon 😁
Jeremi Lti:
And all the players want a piece of the cake 🍰 to make more money (Apple, Square, Stripe, banks, etc.) but nobody wants to change the recipe to put this flow at the service of the major issues of our time. Except retreeb.
Gold Rocket | Satoshi Club:
What kind of cherry have you made for this pie?😉
Jeremi Lti:
A sharing cherry 😏
Retreeb is not just a new payment system, it’s a new model of value redistribution. A new paradigm.
With Retreeb we reinvent the payment to build a more sustainable world.
D. | Satoshi Club:
Sounds good 👌
Jeremi Lti:
Retreeb is the first financial institution that decides to link its business performance with its social contribution. 🔗
We redistribute 33% of our revenues to fund social and environmental projects.
You know the financial industry is a the top of asymmetry between impact and responsibility on the world.
D. | Satoshi Club:
Why 33 btw? 👀 there is some mathematics behind this number? 😉
Jeremi Lti:
So, Imagine a world where each digital payment transaction would contribute to support great causes or local projects for bio-diversity or fight against inequalities.
Gold Rocket | Satoshi Club:
It’s incredible
Jeremi Lti:
It’s a fair distribution between you (capital 33%), the others (Workers/company 33%), and the societal issues (33%).
That the promise of retreeb : a company which makes money but good money.
D. | Satoshi Club:
Got it 👍
Gold Rocket | Satoshi Club:
Thanks for a great introduction, we will have several questions selected for Part 1. Ready to start?
Jeremi Lti:
Ready 😉
D. | Satoshi Club:
🚀🚀🚀🚀🚀
Q1 from Telegram User @DK177
You have commenced the private sale yesterday. How is the progress? Have you achieved your daily target? I noticed that the sale is ongoing till the 13th. If I open an account on ProBit, can I participate in the sale anytime before the 13th? Have you imposed any additional requirements? I noticed that 1 TREEB is equal to 0.015 USDT. If we buy TREEB with PROB, how many TREEB can I buy with 100 PROB? Does it change with market fluctuations or is there a fixed amount?
Jeremi Lti:
Hi @DK177 So the private sale didn’t start yesterday.
The private sale took place before the summer and was sold out in a few days. 😌
Gold Rocket | Satoshi Club:
Oops 🤭
Jeremi Lti:
But the public sale started a few days ago and the last round yesterday. This last round is still open until Monday: https://www.probit.com/en-us/ieo/treeb-round1/2 😉
So, personally I don’t advise to buy in PROB, because some members of our community have noticed a difference between the purchase price of PROB on Probit and its token price monitoring.
For the calculation I let you take out your calculator 😉
D. | Satoshi Club:
Why decided to work with Probit and prefer them among all other exchanges?
Gold Rocket | Satoshi Club:
I obey, professor!
D. | Satoshi Club:
And of course very curious what will happen after public sale? what are your next steps and actions? 😉
Jeremi Lti:
This is a good gateway to FIAT but we will be listed at the same time on a DEX of the fantom ecosytem (Spooky).
Then we will go up in-game on the exchange side to aim higher ^^
D. | Satoshi Club:
👍 nice!
Jeremi Lti:
The roadmap is public but the big key point after public sale and listing (CEX/DEX) will be our staking program ^^
Gold Rocket | Satoshi Club:
What are your goals?
By the way, you can share with us if you want
D. | Satoshi Club:
With high APY
Jeremi Lti:
Just higher. And the best for retreeb. But ever smart moove.
I can’t disclose right now ^^
D. | Satoshi Club:
Thank you for great answers! 😊 if you are ready we can go to the next question😉
Jeremi Lti:
Yes let’s go.
Q2 from Telegram user @Emidm28
Retreeb is the first distributed payment solution that shares one third of its network fees to funding social and solidarity projects. Retreeb commits to its users to pay 33% of the transaction fees collected by Retreeb to the funding of social and environmental projects. In addition to the 33% that users contribute through transactions, what other ways can we get involved in these activities? Do you plan to cover all countries around the world? In which month do you plan to make the next donation? Who are in charge of selecting the projects that will receive the donations? Is it an exclusive decision of the team behind Retreeb or can we also help select them?
Jeremi Lti:
10 questions in One ^^
D. | Satoshi Club:
Haha.
Jeremi Lti:
But this is a very good questionS because it directly concerns $Treeb token holders.
Gold Rocket | Satoshi Club:
Kek
Jeremi Lti:
When retreeb becomes a mainstream alternative to the conventional payment system, the funding we provide to CSR projects will become more and more important.
We plan to fund multiple projects in the next 5 years to the total amount of 70M€. It’s a lot of cash !!!
D. | Satoshi Club:
👀 it is
Jeremi Lti:
And so subject to the risk of corruption in a centralized institution.
Gold Rocket | Satoshi Club:
Amazing😅
Gold Rocket | Satoshi Club:
You are really ambitious guys 😁
Jeremi Lti:
Nothing in comparison to some NFT or the agreement between crypto.com and PSG. Unfortunately.
D. | Satoshi Club:
Your $Treeb token will act as governance? will token holders be able to choose projects for donation?
Jeremi Lti:
But, and to say that I will still be the head of retreeb in 5 years to guarantee our course of action at 100% is to play the medium. I hope to stay a the head of retreeb ^^
Yes indeed.
Gold Rocket | Satoshi Club:
Сould you tell us please about your tokenomics btw
Jeremi Lti:
This is why we have decided to decentralize this process as soon as possible and give token holders a right of governance in the selection process of projects to be financed upstream of the choice of final users.
Just after 😉
For this we will develop a CSR Launchpad, where token holders will be invited to participate regularly in the voting process by delegating their tokens in a smart contract and voting for the projects of their choice themselves submitted by NGOs, associations, or local authorities.
In return for this delegation, the token holders will receive rewards.
It is a bit like participating in a decentralized board of administrators. 😉
The projects selected in this way will then be proposed for financing on the wallet of the final users. Holder or not of the $Treeb (utility).
By reading the white paper, you can discover more about the subject: https://retreeb.io/assets/retreeb-white-paper.pdf
Gold Rocket | Satoshi Club:
Thanks for sharing and clarification😊
Jeremi Lti:
@jodsav can you share here the tokenomics from medium pls 😉
João |CM|:
There you go 😉 : https://retreeb.medium.com/retreeb-sale-details-tokenomics-6d701950aa78
Gold Rocket | Satoshi Club:
Thank you very much for the information😊
Ready to proceed to the next question😊
Jeremi Lti:
Let’s go 😉
Q3 from Telegram User @NataliyaKil
Retreeb has adopted the Lachesis aBFT consensus mechanism used by Fantom to enable equal distribution of validation rewards. What is the uniqueness and features of the Lachesis aBFT consensus? How is an equal distribution of validation rewards ensured, and what other benefits does the Lachesis aBFT consensus mechanism provide?
Jeremi Lti:
Hi @NataliyaKil so, before choosing Fantom and its Lachesis aBFT consensus mechanism for infrastructure, we have analyzed and compared many other protocols such as Polkadot, Algorand, Tezos, Elrond and Solana.
D. | Satoshi Club:
Fantom is your main network?
Jeremi Lti:
Fantom is for us the most appropriate infrastructure for our project because Lachesis aBFT consensus mechanism is a DAG (Directed Acyclic Graph) which is perfectly adapted to the requirements of payment.
Yes, Fantom is to date one of the most secure, most solid, fastest and most scalable infrastructures. The other important argument is the low transaction costs.
D. | Satoshi Club:
Very nice.
Jeremi Lti:
On the retreeb side, we use Fantom to ensure the flow of our stable treeb within our closed eco-system.
The FTM Gas are paid at each transaction and supported by retreeb which includes them in the fees paid by the retailers. ^^
Fantom then takes in charge the distribution to its validators.
My CTO would have had a lot of fun answering this question but again you can find a lot of information on this subject in the white paper or directly on the fantom foundation website. ^^
D. | Satoshi Club:
I guess I missed the rocket 😄 first time heard of them only after all hype and pump 😄
Gold Rocket | Satoshi Club:
Yes, they are great🤩
Jeremi Lti:
The launch yes but it’s just the beginning. Probably around 5$ very soon.
D. | Satoshi Club:
Thank you! i think question is fully covered, we can move to the next one 😉
Jeremi Lti:
I’m not a medium, just my own and humble analyse.
Yes let’s go.
D. | Satoshi Club:
🚀🚀🚀🚀🚀
Q4 from Telegram User @Rotoxy
You will incorporate “good deal” function into your wallet. Initially, I thought this was related to discount and allowing users of your wallet to buy tokens at good bargain but I later found out that good deal is an advertisement initiative powered by you which will allow advertisers to send multimedia ads directly to users wallet. Most ads are very intrusive, annoying, invasive and usually interfere with users experience. Why do you think it’s necessary for your wallet to have ads option and why is this a “good deal”? Don’t you think running ads on wallet is unhealthy as it may be monitoring users wallet and financial activities? Are users allowed to opt in and out of this and can they block ads interference without additional cost involved?
Jeremi Lti:
Hi @Rotoxy ohoh nice question. very relevant !
The integration of advertising inside the wallet will not be deployed immediately and will be subject to several test steps.
Because you are right it can be considered as very intrusive.
Of course, personal and payment data will not be accessible to advertisers, but they will know that through retreeb they are reaching an audience engaged in social and environmental issues.
This is an additional source of revenue for retreeb that will allow us to keep our pricing attractive to retailers. 😌
This deployment will be done with intelligence in a section of the application that is adapted to this: the project tracking.
But there will be 2 safeguards to this feature:
- each user will be able to deactivate the function (AdBlock) in exchange for a donation of a few € shared 50/50 between retreeb and the solidarity project they support.
- Advertisers who will be able to communicate will have to be at least conform to our values and our engagements.
D. | Satoshi Club:
👍 your wallet is already ready to use? if not, when we can expect its launch?
Jeremi Lti:
Ahaha nope it is still in development after the first Beta phase but I can disclose exceptionally the new design of the consumer wallet 😏
Jeremi Lti:
Gold Rocket | Satoshi Club:
Awesome 👍
Thanks for sharing
D. | Satoshi Club:
Looks sexy 😏
Jeremi Lti:
You know, we want Retreeb to become the bridge between the crypto and the mass market. It is the mass market solution for responsible finance that all citizens are waiting for.
Gold Rocket | Satoshi Club:
Your designer did a good job
Yes, we all need mass adoption
Jeremi Lti:
Thx I’ll tell him it’s a co-founder 😉
Gold Rocket | Satoshi Club:
Ready for the next question?
Jeremi Lti:
Yes 😉
D. | Satoshi Club:
Let’s go!
Q5 from Telegram User @Billz120
Retreeb — On your White Paper (Wallet Consumer), the wallet Consumer is a mobile application dedicated to consumers and the ecosystem’s reference wallet. I understand the wallet is also designed to be white-labeled. Please what exactly does it mean to be white-labeled? Could this Retreeb Wallet Consumer be downloadable on the Google play store?
Jeremi Lti:
Hi @Billz120 Indeed the retreeb consumer wallet but also the retreeb business wallet for merchants will be available on google and apple store.
Gold Rocket | Satoshi Club:
Partially disclosed.
Jeremi Lti:
White labeling means that it will also be possible for brands/companies to customize a retreeb consumer wallet for their customer/community in the aim to accelerate development in multiple countries.
D. | Satoshi Club:
Will you conduct audit of your app before the launch?
In case if it has any vulnerabilities.
And people will able to participate in testing phase?
Jeremi Lti:
Naturally, but above all we will first test on a small scale.
D. | Satoshi Club:
👍
Gold Rocket | Satoshi Club:
Thanks for your answers ☺️
Let’s proceed to the last question of this part😊
Jeremi Lti:
Yes yes, we are thinking about a beta testing and integrated eshop model at retreeb for this step.
Go 😉
Q6 from Telegram User @Asela1112
One of the major advantage of $(S)TREEB is, it can be used as a medium currency to buy goods & services from retail networks using our mobile phone or the retreeb card. Can you list some retail networks that we can buy goods & services, currently you have partnered with? What kind of retail networks, do you focus mainly to expand the $TREEB token as a medium Currency? Don’t you have an idea to partner with Mega marketing networks such as Amazon, Ebay etc. in addition to retail networks? How much is the fee cost per a good or service, worthing of 100$ ? In here you have mentioned about mobile Phone App version & about a Retreeb card. How will I get a Retreeb Card? Will Retreeb App available on Play store or Where Can I get the App? Do you have any video tutorials about Using this App version & Card to Buy Goods & Services?
D. | Satoshi Club:
Now this is lots of questions 🤣
Jeremi Lti:
hi @Asela1112, a multiverse questions 😜
Of course, in addition to local networks, we will develop partnerships with major players in distribution.
It is the same with some big NGOs.
Concerning the fees, I remind you that they will be supported only by the merchants and not the consumers. It’s important to understand that.
Moreover, all associations and NGOs will also be exempted from fees on retreeb network.
💙
We consider, that Finance does not have to take money from these actors at the heart of social and environmental commitment. 😏
Gold Rocket | Satoshi Club:
Interesting solution by the way😊
Jeremi Lti:
A good way for adoption too 😏
For a merchant, the price will range from 0.9% to 1.5% of the transaction amount, which is much less than with a Visa or MasterCard and bank commissions.
I can’t disclose the ongoing discussions on our partnerships, but they will be several. We have to build up step by step. 💪
Indeed, you can discover it on this video: https://vimeo.com/518631238
D. | Satoshi Club:
This is what we looking for 😉
Gold Rocket | Satoshi Club:
This is really a tool of the future👏
Thank you very much for your answers and clarifications! It was a great first part.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cryptoflower13
Within your products you offer (U) TREEB, could you explain us a little bit about what it is? What does it mean that it has a fixed bid and a variable value? What advantages or benefits does it offer to users?
Jeremi Lti:
Hi The $Treeb holder will be able to participate in the governance process of choosing which CSR projects will be funded. Each $TREEB will give him a vote in the upcoming CSR launchpad. This participation will be rewarded by rewards like in a board of directors. Moreover, the token holder will be able to benefit from a free biometric card when it will be released and free exchange fees between Stable Treeb € for example and stable Treeb £.
Q2 from Telegram user @Savitasapra3
What documents users have to provide for KYC to create account on Retreeb wallet? Can you please share how users can convert Treeb into fiat in Retreeb wallet? Are you in collaboration with third party to do so?
Jeremi Lti:
Hi, It will be a very classical KYC like for an exchange and we already have our partner. The exchange of fiat € into Stable Treeb will be done by bank transfer (without fees) or by CB.
Q3 from Telegram user @Wong2008
Can you tell us how you will determine the legit social and solidarity projects to collaborate with and if the community have the right to choose through governance?
Jeremi Lti:
Step 1: Token holders will vote in delegation for the proposed projects and get rewards for them.
Step 2: The selected projects are deployed in the consumer wallet and users choose which one they want retreeb to fund. ^^
Q4 from Telegram user @Pratze
Could you announce here where the will be Treeb Token listing? what exchanger or DEX will Treeb token launch and also how about Airdrop?
Jeremi Lti:
Hi, The token will be listed on Probit (CEX) and Spookyswap (DEX) in the next few days for $0.015. Airdrops will be available for those who have signed up in the next few weeks.
Q5 from Telegram user @highpee
Retreeb project developers are from PARIS but the Retreeb project is a registered company in Geneva, Switzerland. Why did you decide to register this project in SWITZERLAND? Which locations are you able to offer your service for? How will this enable you to provide an effective bridge between the crypto and mass markets?
Jeremi Lti:
We created the company in Geneva for 3 reasons (and not fiscal):
- the regulator is favorable and open to the token economy
- with retreeb we want to inoculate the virus of sharing in a greedy industry. We need to do it in one of the world’s financial hubs and Geneva is one of them.
- in a geopolitically complex world, the Swiss passport is the guarantee to access any international market.
Q6 from Telegram user @mucana
Today, communities can bring interesting ideas and great partnerships to projects, how important is the community to the Retreeb platform? Can you tell us about the current partners of Retreeb? Will Retreeb be able to establish great partnerships in the future?
Jeremi Lti:
Hi, ^^I come from social media marketing. I founded one of the first French social media agencies in 2010. I know the importance of a community and also the necessity to drive it well.
We will rely heavily on our community to create business opportunities and to evaluate our innovations and new features.
As I said I can’t reveal our discussions but we are making progress on many issues.
Q7 from Telegram user @habibi_ve
Does Retreeb offer “ethical payment solutions”? Are other payment systems not ethical? What differentiates Retreeb from other platforms? What are its most unique features?
Jeremi Lti:
Salam alaykoum Habibi 😉
You know Retreeb is inspiring of Islamic finance value as solidarity, ethics and transparency. Retreeb is the first financial institution that decides to link its business performance with its social contribution. We redistribute 33% of our revenues to fund social and environmental projects. Can you find something like that in this industry actually? No.
Q8 from Telegram user @taemin_vj
What help get from Retreeb those who are starting in the crypto world? What way do you instruct those who have little information about investments and earnings in cryptocurrencies? Do you have a guide or qualified person to give some kind of basic tutorial on how to function in the Retreeb Platform?
Jeremi Lti:
Hi, The principle of retreeb tomorrow is to make the crypto invisible. You know everyone wants 4G or 5G to get internet fast but no one wants to know how it works. Well, we need to make blockhain and crypto invisible and easy. That’s our goal and all our interfaces are designed for that. 😉
Q9 from Telegram user @Nonerlike
Can you please suggest where can I buy your token if I cannot buy in PROB?
Jeremi Lti:
You can buy on probit here but in usdt or eth, etc. Not only in PROB. https://www.probit.com/en-us/ieo/treeb-round1/2
Q10 from Telegram user @messilolz
Do you have any tokens for charity in your tokenomics? How will you generate funds for social and environmental projects?
Jeremi Lti:
Hi Messi and welcome in Paris ^^ As explained, we redistribute 33% of the commissions collected from merchants towards the financing of CSR projects.
In addition to this, as indicated in the tokenomics, 2% of the supply will be devoted to financing projects that retreeb will support further.
Ressources
Retreeb Telegram community: https://t.me/retreeb_official
Twitter: https://twitter.com/retreeb_io
Website: https://retreeb.io
