AMA Satoshi Club x Y Financial, October 13th

We are pleased to announce our next AMA on October 13th 2020 at 02:00 PM UTC Time: Satoshi Club x Y Financial

⚠️Click to see the hour
⚠️Total Reward pool: $1500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Y Financial Telegram group

We will have the following structure:

Part 1: 350$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 9 Questions will be selected from our website – please submit your questions in the comments section of this post. 3 Question will be selected from Bitcointalk thread.

Part 2: 350$/15 users – Open chat for 80 seconds. You can post Max 5 questions. Y Financial Team will select 15 questions and answer them.

Part 3: 800$ – A quiz about Y Financial

For more details:
Y Financial – @Yfinancial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Regard94
Guest
Regard94

Y Financial is said to combine four top performing assets within DeFi and Yield Farming to combine them as one index fund. How often are those four assets updated and how are they evaluated?

Telegram Username
@regard94
Regard94
Guest
Regard94

If Ethereum would soon implement a layer-2 solution to its network to highly reduce the gas fees as it’s anticipated, how would Y Financial expect to gain more adoption after this? After all, Y Financials trump card on the market are the lower fees while investing in DeFi / Yield Farming products.

Telegram Username
@regard94
Regard94
Guest
Regard94

If we’re as users holding your native YDOT tokens, what kind of governance can we actually participate in? Can we for example vote for the assets that are chosen as the four investment assets inn your index fund?

Telegram Username
@regard94
Jonah Apagu
Guest
Jonah Apagu

I read that YFIN is an index token, combining 4 top performing tokens in the DeFi space.
You invest in just one token (YFIN) and without any hassle you automatically benefit from four different assets… Can you make this clear. How are the top 4 performing tokens selected and how can a user benefit from the four tokens using just YFIN..what happen if the top 4 performing tokens end up having different trends

Telegram Username
@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

You claim to be running a fully automated yield farming can you explain what parts of your yield farming are completely automated. Are things like the selection of the four top defi tokens automated.? and how soon will this your automated platform be audited so users can be sure that your algorithms are secured and work as they should

Telegram Username
@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

Currently The YFIN target price is pegged to the underlying Core4 tokens.
The current Core4 tokens are: YFI, YFII, UNI, and SUSHI… Why were this 4 tokens selected are they the current top 4 performing defi tokens..when will this tokens be replaced by other tokens

Telegram Username
@Jonahapagu
Solace johnson
Guest
Solace johnson

SMARTER YIELD FARMING?
I can see in your website that you focust in delivering a smarter yield farming.my question is this.What makes your project unique and smarter than others and what are your goals and roadmap so as to acheive and maintain the motto of your project- SMARTER YIELD FARMING

Telegram Username
@HurricaneLad
Raden janoko
Guest
Raden janoko

defi is the hottest project of the year, and I saw many projects with initial Y at such a high price and surpassing BTC how do Y FINANCIAL think to face the competition in crypto projects

Telegram Username
@wayang07
A LiaN
Guest
A LiaN

When it’s time to vote, the more YDOT tokens that people have, the more valuable will they have in hand? So maybe there won’t be an equilibrium with low investors? It is best to follow the majority of others and consult household opinions to get the best choice.

Telegram Username
@VNBestYS
Jupiter
Guest
Jupiter

You said that investing in YFIN index allows for less volatility.please explain more in this YFIN index.How can u solve high volatility issue considering the fact that defi tokens are highly volatile

Telegram Username
@Splendicity
A LiaN
Guest
A LiaN

Do 4 Y Financial assets have an association? What are those tokens supporting each other? Do you think any 1 asset will be supported by the remaining 3 for development? Or do 4 of them develop and support each other equally?

Telegram Username
@VNBestYS
A LiaN
Guest
A LiaN

Do the Core4 tokens (YFI, YFII, UNI, and SUSHI) currently have a helping link? Or is it competing in the market?

Telegram Username
@VNBestYS
A LiaN
Guest
A LiaN

Right now I have a very good impression of UNI and Sushi as it has taken and stormed the crypto market. However, YFI, YFII still have, but am I really normal? So what are your intentions for the 2 tokens to grow together and get hot in the market? Please give a few ideas to make it stand out and different from UNI and SUSHI.

Telegram Username
@VNBestYS
Jacob
Guest
Jacob

With many Defi projects that turns out to be scam after the tokensale. I failed to find your whitepaper and roadmap in your website and just having a single medium article to read about your project. How will you convince the investors of Y.Finance’s legitimacy with little information available?

Telegram Username
@AmirJosh
Jacob
Guest
Jacob

“Investing in the YFIN index allows for less volatility and gives investors and yield farmers the opportunity to invest in four products at once and significantly reduce costs.”

When you say significantly reduce cost, how much reduction of fees are you talkin about. Is there a table or chart available that gives the farmers/investors a idea on how much they can save.

Telegram Username
@AmirJosh
EA Arman
Guest
EA Arman

Where YDOT is already a main asset of Y.Financial then why they are demanding YFIN for staking?

Telegram Username
@BlankHell
EA Arman
Guest
EA Arman

Also if they offering YDOT as reward by staking YFIN then it will create sell pressure and YFIN will create buy pressure!How will they manage then to normalize it?

Telegram Username
@BlankHell
Maksimov
Guest
Maksimov

Your index token YFIN is pegged to four tokens: YFI, YFII, UNI, and SUSHI. Is it possible to change this set in the future (if the market situation changes) or is this set rigidly fixed?

Telegram Username
@stekbyte
Maksimov
Guest
Maksimov

The site says Testnet is live. Mainnet will be live in October 2020. Can independent developers take part in the Mainnet launch and receive a reward for it (without buying tokens)?

Telegram Username
@stekbyte
Maksimov
Guest
Maksimov

Every ninth day is a Y.Family day with zero fees on transactions between Y.Financial members on the platform. Why exactly the ninth day? It seems to me that it is not very convenient to count the number of days. Maybe it’s better to tie this event to a day of the week, for example, every Friday?

Telegram Username
@stekbyte
Taskin
Guest
Taskin

Does Y Financial Network currently have alliances with other exchanges in the market? Are more alliances coming in the near future? Are you currently working on one?

Telegram Username
@Taskin1300
Taskin
Guest
Taskin

As a trader like me, the security of my funds is my first priority before choosing any exchange for trading. How much secure Y Financial is? What programmable technology & security developed by your team to build the platform very secure?

Telegram Username
@Taskin1300
Taskin
Guest
Taskin

Kindly explain more about your Y Financial Stacking Program, who can participate and what’s the minimum and maximum requirement and APR?

Telegram Username
@Taskin1300
Raju
Guest
Raju

On your website it days that enterprise clients holding a certain amount of tokens are eligible to earn Y Financial tokens for every dollar of flow traded. How much is that minimum amount that clients must hold?

Telegram Username
@Raju4200
Raju
Guest
Raju

Can you please briefly illustrate what are the top landmarks that the Y Financial team aims to accomplish before the end of this year or in future and are all targets in accordance with the current road map?

Telegram Username
@Raju4200
Raju
Guest
Raju

Which segments are you seeing early signs of success in real-world usable applications/blockchains? What part of the Y Financial ecosystem are you most excited about?

Telegram Username
@Raju4200
HuyVo
Guest
HuyVo

As I know use a price range at launch to proportion how much of each token we implement into YFIN. So can you tell me how much are The initial launch ratios defined ?

Telegram Username
@huyvo87
HuyVo
Guest
HuyVo

Token Generation Event is scheduled for Tuesday, 13th of October 2020. Listing on UNISWAP will occur immediately post TGE. How much is Listing supported with?

Telegram Username
@huyvo87
HuyVo
Guest
HuyVo

Mobile App. Do you have plan to make a mobile app for this platform? If yes, please tell me some things about your plan?

Telegram Username
@huyvo87
ireneliew
Guest
ireneliew

YFIN is an ETF-like product which aggregates four top performing assets in DeFi into a tokenized index. Is the weightage of all the 4 asssets in the index the same, ie 25% each ? You also mention that the community will vote once per quarter on the 4 assets in the index, why do you want to do it per quarter instead of per month ?

Telegram Username
@ireneLSL
yihzymoney
Guest
yihzymoney

can you explain on your tokenomics for your project ? The info from the telegram group shows that there will be a total of 12 mil YDOT with initial circulating volume of 720K. How much of the initial money raised is use for the creation of the YFin ? 65% of the token is use for farming, how do we farm for the yDOT ?

Telegram Username
@yzmoney
Phyllis Sommers
Guest
Phyllis Sommers

I’m a bit confuse about these DeFi assets you have, could you please explain to us what are the relationship of these tokens, $YFIN, $YFI, $YFII, $UNI, $SUSHI and $YDOT. Which ones are for yield farming and which are DeFi tokens?

Telegram Username
@KhaleesiTheCryptoLady
Phyllis Sommers
Guest
Phyllis Sommers

What is the main role of $YDOT in Y.Financial? What benefits we get if we hold $YFIN?

Telegram Username
@KhaleesiTheCryptoLady
Phyllis Sommers
Guest
Phyllis Sommers

What is advantage of having Ywallet? Can I add other coins in there besides the mentioned tokens in your website?

Telegram Username
@KhaleesiTheCryptoLady
Alex Damaso
Guest
Alex Damaso

I am visit your website And don’t see whitepaper.When you launched whitepaper?what is your Team?How to use YFIN token?What is the Difference between YFIN and YDOt?

Telegram Username
@Alex6517
Winter
Guest
Winter

– Why did you create 2 tokens at Y Financial? YFIN and YDOT? How can you get YFIN and YDOT?

Telegram Username
@Winterkom
Winter
Guest
Winter

– Why is the Y-Family held every 9th day? Why did you decide on that specific day? And how does the economy of Y Financial be affected by zero commissions on that day?

Telegram Username
@Winterkom
Winter
Guest
Winter

– Do I need to have YFIN or YDOT to vote? What is the token that serves for governance?

Telegram Username
@Winterkom
Paul
Guest
Paul

As the situation stands now, gas fees are a commonly acknowledged concern for most “average” (non-whale) investors until a reliable, uniformly adopted scaling solution comes. In one of your main medium articles you claim to be able to reduce gas fees by one fourth to even one tenth of normal gas fees by investing using your index tokens, which represents four underlying assets. But given that absolute values of such an investment (in that example you’re speaking of 200$ of gas fees reduced to a 50$ – 20$ range), [i] wouldn’t that investment still be considered “whales’ playground” since even… Read more »

Telegram Username
@PaoloMonte87
Paul
Guest
Paul

Will YDOT holders be able to vote on changing the underlying Core4 tokens which make up the index ?

Telegram Username
@PaoloMonte87
Paul
Guest
Paul

Will YDOT holders receive airdrop rewards in form of other YDOT tokens or any other tokens (maybe a token of choice among the ones represented by the index) ?

Telegram Username
@PaoloMonte87
Jacob
Guest
Jacob

Can you explain what benefits will a farmer can recieve on Y.Finance that are lacking or not present on the existing yield farming platforms?

Telegram Username
@AmirJosh
Smirnov
Guest
Smirnov

Do we need to as users deposit the top 4 assets (currently YFI, YFII, UNI and SUSHI) to be able to farm? Can we deposit any other assets on the Y Financials wallet and is there any minimum amount to store?

Telegram Username
@annasmirnn
Smirnov
Guest
Smirnov

Why there is no roadmap published on your website? Could you please tell us about your plans for the remainder of the year and early in 2021?

Telegram Username
@annasmirnn
Smirnov
Guest
Smirnov

Why have you chosen YFI, YFII, SUSHI and UNI as the four assets for your index yield farming? Considering how similar products they are, shouldn’t it be better diversified looking how correlated they are to each other? What a user benefits from having similar products in one’s portfolio when the effect of the price to the tokens are rather similar?

Telegram Username
@annasmirnn
Rachel
Guest
Rachel

Interesting is the collective consensus mechanism that Y.Finance uses to reward YDOT holders, what types of tokens can we pre-select in our wallet to participate in additional Y.Finance airdrops?

Telegram Username
@Rachelili
Rachel
Guest
Rachel

I was very curious about your “Y.Family Days” and the impulse of this idea, why did you decide that every 9 days they will not establish commissions on transactions between Y.Financial members?

Telegram Username
@Rachelili
Rachel
Guest
Rachel

What is the minimum amount of YDOT tokens that users must have to participate in the yield cultivation opportunities that come from your index tokens, and in what ways are users rewarded?

Telegram Username
@Rachelili
Наталия
Guest
Наталия

Why will transactions be free on so-called family days, is it due to the fact that they will take place within their own network, or are you willing to pay for gas costs on the ethereum?

Telegram Username
@NataliyaKil
Idee
Guest
Idee

1. Which Defi aggregator protocol does Y financial make use of, to be able to combine top four Defi performing assets? How is your yield farming pool ‘smarter’ than the others? What additional incentives do you offer to users that farm in your pool?

Telegram Username
@Idee01

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