AMA Satoshi Club x DeFi Wizard , February 27th

We are pleased to announce our next AMA on February 27th 2021 at 02:00 PM UTC Time: Satoshi Club x DeFi Wizard

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeFi Wizard Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DeFi Wizard Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DeFi Wizard

For more details:
DeFi Wizard – @defi_wizard
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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HAFIZ e Muhammad ANEES
Guest
HAFIZ e Muhammad ANEES

Q1
Most projects have to go through certain difficulties and challenges, what difficulties do you face and how do you overcome them?

Q2
How do you evaluate the support from community ? What is your strategy to marketing and for Mass Adoption ? What message do you want to send to community through AMA to day ?

Q3

Too many projects explain great things but never release any working product or prove any revenue. What makes degi Wizrd different from other projects?

Telegram Username
@Hasu089
Marian
Guest
Marian

I read that DeFi Wizard currently supports Ethereum, Binance Smart Chain, xDAI, Matic, Elrond. Do you have plans on adding more blockchains to your support list? I noticed that you don’t support Polkadot, Cosmos or Huobi that are another big blockchains. Any specific reason on why you don’t? Do you have plans on supporting them too? If so, when will we see it happening?

Telegram Username
@meml97
Marian
Guest
Marian

On your tokenomics you have 20% of it to marketing, but still, I feel DeFi Wizard is not very recognizable yet, so, what marketing plans do you have to grow your community and popularity? What are your most immediate plans and your long term, slower plans to reach this goal? Also, don’t you think 20% of your tokenomics is too much for marketing? we usually see a 5% or 10% to this part, why did you decide this amount?

Telegram Username
@meml97
Marian
Guest
Marian

On your roadmap for Q3 2021 you have as a goal “ Vesting Contract with CSV Import”, could you tell us more about this? What is this vesting contract and what benefits will bring to DeFi Wizard and to its users? Why did you decided to add CSV import on your platform?

Telegram Username
@meml97
John
Guest
John

Just like a powerful wizard, DeFi Wizard platform will allow the creation of tokens and smart contract with only one click. It’s really lovely, but on a second thought, am somehow concerned. Looking at your pricing scheme, it only cost $200 to create a token contract. This means anyone who has a good or bad intention can easily create and deploy a token contract. Do you have mechanism for checking the type of tokens which are created? Are there ways to limit how bad actors can use Defi Wizard to increase the population of scam projects and proect?

Telegram Username
@Highpee
John
Guest
John

The public distribution of your token will be held on March 1st through an IDO that will run simultaneously on two platform: Bounce and FalconSwap. Why are you using two separate platform for distribution at the same time and which of them are you allocating more tokens to? In addition, Since the IDO will only be accessible to whitelisted public addresses, what are the eligibility criteria and procedure to follow to get whitelisted? How is the final selection of qualified participants done and what model will you use to ensure a fair and even token distribution process?

Telegram Username
@Highpee
John
Guest
John

You have said you are not a whitepaper project and truly when I search your website and repository, I couldn’t find a written whitepaper or road map. However, your Defi solutions have already been adopted and used by over 5 projects in their MainNet (including Nord Finance, Delta Hub Capital, ZeroSwap). So can you tell me what is unique about Defi Wizard and the solutions you are bringing to the Defi space? How do you run seamlessly even without a whitepaper? What is the scope and current focus of your project and in what direction are you heading in the… Read more »

Telegram Username
@Highpee
EmilysC
Guest
EmilysC

Q1) Why did you choose Stakins over joining Hodls? In the future, do you plan to implement or add smart contracts on Hodl and / or allow users to make strategic decisions on the platform?

Q2) What year did you start considering DeFi Wizard and what do you think about it? What makes you dream about this? Are you planning to create and establish a headquarters for this platform?

Q3) Besides Ethereum, Binance smart chain, elrond, what other compatibility do you have on the chain or do you plan to have another compatibility?

Telegram Username
Emz24
Dennis
Guest
Dennis

You mentioned that The $DWZ token has three primary utilities namely: (1)Deflation via Fees
(2)Governance and (3)Liquidity Mining, what are the roles of each utilities? How does these utilities work in DeFi Wizard ecosystem?

Telegram Username
@NALiYUWUNTi
Indomie
Guest
Indomie

Defi Wizard offer 1-click wizard for Token Contract, Vesting Contract, Staking Contract, BSC to ETH Bridge, and many more. But do you have company or project that already use your service? What are your customer already gaining from using your service?

Telegram Username
@Indomiekuy
Korryl
Guest
Korryl

I read from your twitter that Defi Wizard already raise $750.000 from Private Sale, Congratulation! Would you mind to share a little about your investor ? And what are Defi Wizard plan to do with the
fund, maybe for audit or list on exchanger?

Telegram Username
@Korryl
BMIE
Guest
BMIE

Q1. Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project? Q2. A good project always has competition and duplication of ideas. What does Benchmark think about this issue? What is the long-term vision of Defi Wizard in the blockchain market to keep up with the trends with technology, community and related issues? Q3. Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform?… Read more »

Telegram Username
@BelieveMeImEverywhere
James
Guest
James

Q1. What makes Defi Wizard different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of Defi Wizard tokens which attracts more Investors towards Benchmark token? Q2. various small or big coding mistakes can destroy the entire assets of LP. This is the biggest risk from agricultural produce. How will you and your team solve this problem? Has your smart contract been audited by the blockchain system? Q3. Can you introduce Defi Wizad’s financial overview? Will the design of the token increase and decrease with the success of the platform, does it include any scarce pathways,… Read more »

Telegram Username
@Jamesgodzamazu
Ariana
Guest
Ariana

Projects like NORD Finance, Vortex DeFi and MAHADAO are betting as investors on the success of DeFiWizard, what do these projects have in common and what does DeFi Wizard have to contribute to these projects individually?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

It is great the Defi Wizard is partnered with Royale Finance to create an ETH-BSC bridge for them, can you tell us how secure are this connections created by DeFi Wizard? And what other iGaming projects are joining your features recently?

Telegram Username
@Arisabela
Li Zam
Guest
Li Zam

DeFi Wizard offers a wide range of services for building DeFi projects from zero, but I would like to know if you also offer the possibility of executing projects’ token sales or maybe crowdfunding? If not, have you thought about including this type of service?

Telegram Username
@lzamg
Li Zam
Guest
Li Zam

It’s really exciting when we see different DeFi projects partnering to develop new ideas, so can you tell us about your current partnerships with other projects like ZeroSwap? Can you share with us some details about the work you are doing together? And can we expect exciting news coming soon regarding these partnerships or new ones?

Telegram Username
@lzamg
Li Zam
Guest
Li Zam

I think the governance is a vital part of any DeFi project, so can share how it’s structured the DeFi Wizard Governance? What kind of decisions will be made by the community exactly? Is the governance already available to participate? If so, what are the steps to be part of it?

Telegram Username
@lzamg
Raisbelys Romero
Guest
Raisbelys Romero

If DeFi Wizard is in charge of building smart contracts, creating ERC20 / BEP20 / EDST tokens and creating crop contracts, shouldn’t you focus on developing your DWZ token and your platform for people / users to see the potential of DeFi Wizard? and are motivated to invest in it?

Telegram Username
@Raisbelys
Rosemary
Guest
Rosemary

Why do you mention that DeFi Wizard was created with love for DeFi? When a project is created with love, it focuses a lot of performance and turns out to be very pleasant for users, do you think they meet these characteristics?

Telegram Username
@RosemaryBianco
Juan Sandoval
Guest
Juan Sandoval

Can I really create a token in a quick and easy way with DeFiWizard? Why am I only allowed to do it with these strings: ERC20 / BEP20 / EDST? Do they have any advantages or beneficial utilities for DeFiWizard?

Telegram Username
@JuanSB07
rhed cabello
Guest
rhed cabello

DeFiWizard has a 1-click wizard features on its platform to provide for Token Contract, Yield Farming Contract, Staking Contract, ETH to BSC bridge, etc..How does these 1-click wizard help you to reduce recurring work for crypto companies?And what other companies are already utilizing yourr technology?What is so special with these 1-click wizard mechanism that makes it important in your platform?

Telegram Username
@rhedd
minhvu
Guest
minhvu

The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space?

Telegram Username
@kimchien
minhvu
Guest
minhvu

What do you think about solving issues that the DeFi ecosystem still can’t solve? and why this is the problem important?

Telegram Username
@kimchien
minhvu
Guest
minhvu

In fact, DeFi has been growing at lightning speed. What is the problem you are solving for the DeFi industry today?

Telegram Username
@kimchien
rhed cabello
Guest
rhed cabello

At this moment Decentralized Finance are in the highest peak in the crypto space..But the transactions on ethereum are congested, transaction fees are taking more elevated and more soaring..,What are the things that we can await to see for DeFiWizard to make difference to DeFi space?And what protocol or solutions does DeFi Wizard come up with to address the problems facing of Decentralized Finance?

Telegram Username
@rhedd
kimchien
Guest
kimchien

What do you think is holding the DeFi space back? What is preventing the mass adoption of DeFi products?

Telegram Username
@phongthan
kimchien
Guest
kimchien

As a DeFi influencer, what do you think of this problem with DeFi: Most people are gettin into DeFi for profits rather than improving current system just like with ICO’s, any solutions to improve this?

Telegram Username
@phongthan
kimchien
Guest
kimchien

ERC-20 and BEP20 are both used as means of payment, Then ERC20 is more expensive, then why we use ERC-20 when there’s bep20?

Telegram Username
@phongthan
huynhlo
Guest
huynhlo

There are already many projects which works on scalability for Dapps with Layer 2 solution ! So, How Your project proroades an optimal solution than others?

Telegram Username
@minhvuok
huynhlo
Guest
huynhlo

Most attractive and trending topic is DeFi, so do you have any plans for DeFi system? How do you overcome centralization in your blockchain?

Telegram Username
@minhvuok
huynhlo
Guest
huynhlo

Can you explain how Decentralized Leverage works, especially in defi? Can other dApps associated with your services be built from your DeFi?

Telegram Username
@minhvuok
Nataliya
Guest
Nataliya

The DeFi Wizard Public Distribution Sale IDO is launching on 1st March, 2021 on Bounce and FalconSwap. In this connection, you posted a lottery on your Twitter for a spot on the Whitelist.
I have fulfilled all the conditions of the tweet and I have a question! What are my chances of getting into the Whitelist? How will the winners be determined and, in case of victory, how will you contact them? If, for some reason, the winner gives up his place, will the other lottery participants have a chance, will there be a back-up additional list?

Telegram Username
@NataliyaKil
Carla
Guest
Carla

There’s a lot of new projects that decided not to work with smart contracts tokens since they allegate this kind is getting obsoletus.
Also, ERC-20 protocol is actually very expensive. What are the advantages of this type of smart contract? How can they benefit a project that is starting?

Telegram Username
Carlcrip
Carla
Guest
Carla

There isn’t much information in your web about this subject: user support. How can you solve the doubts or inconveniences of your users?

Telegram Username
@Carlcrip
Humberto Antoni
Guest
Humberto Antoni

DeFi Wizard aims to redefine DeFi as we know it an it’s token economic model holds is a crucial part of it. What is new and never seen about this model? How it beneficiate the holders and also the stakers in both short and long term?

Telegram Username
@Antoni_azx
Humberto Antoni
Guest
Humberto Antoni

I noted in your token metrics that 24% of the tokens will go to the team treasury “with linear vesting over 12 months” does it guarantee the sustainability of the project for improvements and development expenses? How much funds are related to the team?

Telegram Username
@Antoni_azx
Ross
Guest
Ross

Defi wizard works like a dashboard to build DeFi smart contracts with a few clicks, probably easier than ever. The idea of making the development of SM more simple will definitely bringmore people to deploy their ideas with blockchain technology, but how much knowledge is required, at least as a minimal, to build a DeFi Smart Contract in DeFi Wizard? If it is so easy to make one, does it mean that the functions or efficiency of the SM are limitated to make it easier to deploy and use?

Telegram Username
@Rosane1a8
Ross
Guest
Ross

In the platform developers can create smart contract for ERC20 / BEP20 / EDST,  considering that there are several options to choose fron to deploy a SM, is it easier to build a SM in one blockchain in particular? Does DeFi Wizard ha e cross chain features for the SM created in one blockchain to another?

Telegram Username
@Rosane1a8
Ross
Guest
Ross

DeFi wizard can offer the real time programmer analytics, what is included in this analytics, what os analyzed and how is it showed in real time?

Telegram Username
@Rosane1a8
Alice
Guest
Alice

In the platform of DeFi wizard users have the ability to generate audited smart contracts for their tokens, how are the SM audited, does it imply a third party? What aspects are audited, and how can tbe community have acces to it?

Telegram Username
@alice_wonderland12
Alice
Guest
Alice

The smart contracts created on DeFi Wizard are able to support staking, yield farming, decentralized governance, cross-chain bridges and less gas. But also, DeFi Wizard is meant to make it easy to build a SM, so is it difficult to add so many features while developing a SM?

Telegram Username
@alice_wonderland12
rhed cabello
Guest
rhed cabello

$DWZ is a governance token of DeFi Wizard ecosystem,, that holders can use to pay for token creation / staking contracts and yield farming contracts..In what wallets currently can store DWZ tokens? Do you have plans to reckon extra utilities and features for DWZ in your Ecosystem? What plans do you have in this year 2021,?

Telegram Username
@rhedd
Bea
Guest
Bea

Looking at your roadmap, I have seen that you have a plan to integrate RioChain, Stake Rewards, Security Token Exchange in the first quarter of 2021, could you give us detailed information about this, what benefits will it bring to the users and to your project?

Telegram Username
@BeaEvolet
Stephen
Guest
Stephen

DeFi wizard allows users to create smart contract for ERC-20/BEP20/EDST etc by offering real-time programmer analytics. What security feature will be integrated in the creation of these smart contracts? Considering the volatility of Vortex DeFi, will DeFi wizard consider additional partnerships to yield effective gateway.

Telegram Username
@stevefix56
Bea
Guest
Bea

On their website they say that it is possible to create smart contracts and tokens in a few simple clicks, is it really that easy? And if so these are not more prone to hacks ? Developing something that lasts takes time.

Telegram Username
@BeaEvolet
Araminah
Guest
Araminah

To strengthen the adoption and accelerate the community growth, what will DeFiWizard plans or ways to rewards and benefits the LPs and your token holders? Also who is eligible to receive rewards in the platform and how can users buy your $DWZ Token?

Telegram Username
@Wormz28
Araminah
Guest
Araminah

What are the revenues on how you plan to monetize from providing the services of DeFiWizard? Also about Security Code, which is very important, is your token contract been audited from the start? What did you use & can you share with us any of your audited reports?

Telegram Username
@Wormz28
Araminah
Guest
Araminah

So about Investment & SECURITY, how insured & safe our funds? What security measures does DeFiWizard have in place to ensure that users assets are secure, as we all know investing & trading of any kind will always be associated with some type of risk?

Telegram Username
@Wormz28
Bea
Guest
Bea

What is the development status of the ETH-BSC bridge and can projects move their assets from ETH to BSC?

Telegram Username
@BeaEvolet

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