FAQs

Some of the questions that we are frequently asked. Please head over to our community groups should you have any questions.

General Questions

Who borrows from your Demand Markets?

We build solutions and manage collateral with institutional partners globally to facilitate lending. Here's a demo of a project built with a Singapore Government owned company.

Why do I need to submit my KYC?

ShuttleOne is undergoing licensing procurement under the new Payments Act in Singapore where Digital Payment Tokens (DPT) and Virtual Service Asset Providers (VASP) are required to comply by law to regulatory obligations.

Please KYC here.

Do you have a code audit on SZO?

Yes we have completed 1 audit with Peckshield.

Please refer to the SZO Code Audit here.

What do you use the blockchain for?

ShuttleOne deploys the ethereum blockchain for recording keeping of transactions, identity representation and smart contracts to automate processes.

Are user funds guaranteed?

ShuttleOne believes in the power of decentralized networks (i.e no central point of failure), We do not guarantee user funds, while we try to at best mitigate every possible scenario, please go through our Risk Management & Disclaimers to understand your risks.

Can I go direct from Fiat to ShuttleOne and vice versa?

We will be launching a direct fiat to crypto onboarding network in a mobile wallet.

Profit & Earnings Questions

How does ShuttleOne generate a return on my stablecoins?

ShuttleOne deploys the blockchain technology on Ethereum to deliver Trade Facility and calculate interests and fees calculation.

Interest are paid out per block on the blockchain which is estimated to be around 15 second per block generation. These returns are generated via real world assets.

Variable

Description

P

Principal

T

Trade Facility

rate

interest rate per second

n

the number of times the interest is compounded, compounding is once per second, so "n" is seconds past since last calculation

R

Nominal interest rate (5% would be 0.05)

A

Annual Percentage Rate (APR)

y

constant, seconds in a year: 3600 * 24 * 365 = 315360003600⋅24⋅365=31536000

How can the APY% in Stablecoins payout be increased?

If there are more demand for liquidity for loans, and assuming the borrower passes credit risk scoring the borrowing will generate a higher APY% returns for your stablecoins.

How Can I Earn More SZO?

A user may choose to secure the network longer by leaving the liquidity supply in the network that generates earnings 24/7. The longer in time the supply of liquidity the more rewards are mined/farmed.

We will launch ShuttleVaults according to the roadmap. More details to follow.

What is the difference between Early LP Program and LP Supplier Program?

The Early LP Program Token is locked for 9 months, these tokens are reserved for our beta testers that has helped ShuttleOne test out our early products.

There are no difference in reward structures and reward numbers. Early LP Program participants will need to deposit a min of US$50 to unlock their tokens in the same mining structure.

What Are Some of the Roadmaps coming up?

ShuttleOne is in early testnets modelling of the tokenizing of BTC and ETH that generates return for our suppliers. We are also going to introduce governance and ShuttleOne Vaults. ShuttleOne is also going to introduce NFTs for Lien and Bank instrument products.

Here's a detailed showing of our roadmap past and present:

2019-2020
2020-2021

Why do I get szTokens when I withdraw from SpacePods?

ShuttleOne uses szTokens to represent the pool of underlying realTokens (Dai, USDT, USDC) and calculate rewards and profits that is done in the business. When a user withdraw, szTokens are taken out of the pool and can be swapped 1:1 with the underlying realTokens.

The amount of szToken in representation of realTokens do not then accrue value once it is withdrawn.

Contact & Official Channels

How Do We Get in Touch?

These are our official channels of communication:

Fly ShuttleOne

Telegram

Twitter

Website