AMA 26 June 2021
The first AMA of Defily Finance finished successfully at 10:00 AM UTC+0, 26 June 2021 on Telegram Group Chat of Defily.
Here are the transcripts of the voice chat:
How do you intend to retain dragon/dfl holders after genesis?
Defily is a Full Stack Cross Chain DeFi ecosystem with various products including Yield Farming, Staking, IDO Launchpad, AMM (DEXs), Decentralized Lending, etc. As DFL/Dragon Holders, you own part of Defily DAO — the Decentralized Autonomous Organization, you can vote for any proposal and payment from the DAO Treasury. It’s similar to own shares of a public company. We believe that people will hold DFL to get the best interest of the ecosystem rather than sell.
What is the value of the BossDoge in the future?
It’s a meme token from a Czech developer submitted to our Dragon Castle — IFO Launchpad. They initialized it as the first meme token on Kardiachain. I can not guess the value of BossDoge, it depends on their own community.
When you list on some other exchanges?
We are on KAI DEX now. For other exchanges, we can not say anything now.
Can you share about the team and backers of Defi?
The initial team of Defily includes TB Labs (dev team) and official support from Kardiachain Team. We also have experienced advisors and investors to back the project.
Why do you guys decide to start on Kardiachain?
We see the value of fast transaction and low fee of Kardiachain. It has a bright future, that’s why we started on Kardiachain first before expanding to other blockchains.
What will happen after genesis farm? Will farms stop earning?
After Genesis farm, there will be Perpetual Farming period with rewards halving every 30 days. We will also release IDO Launchpad, Decentralized Lending Protocol and other DeFi products.
When this project come to get America and maybe Kucoin or Binance with the stable coin pair?
About listing and expansioin, we can not say anything about that now.
Where is the white paper?
You can check the project details on our Medium. Our intention is to move fast and release real products rather than writing a lot on plans and papers. However, later we will prepare official Whitepaper in future.
Genesis farming distribute 2mil/day. How long the mining process take and how does it work?You team think about NFT games? Just like Dinopark.fund to breed dragon eggs or another game or another productivity more to increase of DFL Value?
Genesis Farming lasts for 30 days. After that, rewards halving happens every 30 days. We have some plans for NFTs, please stay tuned and wait for announcements.
What is the genesis farming?
Genesis Farming is the name of Fair Launch distribution period of Defily Token. It lasts for 30 days and has highest emission rate.
Will there be any burning in future?
Once a month, we will burn a small amount of tokens (because the supply is limited so the number of tokens for burning is limited too).
Then when it ends- 16days , those staking farms like dragon stake will disappear?
After Genesis Farming, Defily will enter Perpetual Farming period, where rewards halving happens every 30 days.
Hey guys, do you have any plans with NFTs? Maybe NFTs for early holders, or NFTs we can power up with dragon and use to battle?
Yes, we will reveal about NFTs later.
How do you maintain the security of contracts and are you going to be audited by someone besides Kardiachain team?
Our smart contracts are published on Github and audited by Kardiachain Team. We also work with various auditing providers (3rd parties) to audit the source codes.
I didn’t get one thing about the DAO, we will only be able to vote yes or no for one proposal or we will be able to propose new features?
You can either vote and propose proposals to the DAO.
