AMA Satoshi Club x YFLTD, November 29th

AMA Satoshi Club x YFLTD, November 29th

Satoshi Club is always open to new things. Satoshi Clubbers study projects and ask questions, this helps to better understand the sea of ​​crypto.

And today we would like to tell you about the AMA session with Yearn Finance Limited Edition (YFLTD). The AMA took place on November 29 and our guest was @YFLTDCEO.

The total reward pool was 500$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Gold Rocket | Satoshi Club:

Hi everyone, welcome to another episode of our AMA series

Our AMA today is with Yearn Finance Limited Edition (YFLTD)

Welcome @YFLTDCEO and thanks for joining us.

D. | Satoshi Club: hello Satoshi club! @YFLTDCEO hello! welcome! 😃

Yearn Finance Limited Addition CEO: Hello, guys! Happy to be here for Ama session, thatks for inviting us!

Gold Rocket | Satoshi Club: We are glad to have you here😊

D. | Satoshi Club: you are welcome! 😃how are you feeling today?

Yearn Finance Limited Addition CEO: Very good, it`s a pleasant Sunday today!

Gold Rocket | Satoshi Club: @YFLTDCEO Please tell us a bit about yourself. How did you develop in crypto. And also about your project. What is Yearn Finance Limited Edition (YFLTD) ?

Yearn Finance Limited Addition CEO: I am 38 years old. Currently based in Dubai. Studied finance and private banking in University in 1999-2005, I am Crypto trader since 2017. Have made gains and losses like most of us.

Since DeFi is growing rapidly, We likely started ideating with my co founders in early 2020 to develop and launch Yearn Finance Limited Edition.

Yearn Finance Limited Addition CEO: Yearn Finance limited is an open-source Decentralized protocol which enables you to easily access STAKING, FARMING, GOVERNANCE VOTE, LENDING and BORROWING DeFi Services from a simple dashboard. Our goal is to simplify the process of lending and borrowing of crypto assets while maintaining Decentralization and transparency by Leveraging the superior capability (i.e., high performance and smart contract functionality).

Gold Rocket | Satoshi Club: sounds good

Yearn Finance Limited Addition CEO: Thanks!

Gold Rocket | Satoshi Club: Would you like to add something or can we go to the community questions?

Yearn Finance Limited Addition CEO: We will be happy to invite you guys to join our community https://t.me/yfltd and visit our website http://yfltd.finance. We have a final round of token presale going on

Yearn Finance Limited Addition CEO: I am ready for community questions now:)

Q1 from Telegram user @konditer_rolex

I’m a little confused about your pre-sales. I read your tweeter and after the third round the second starts again. I can assume that this is a typo, or perhaps you count separately presales on different platforms. And my question is this. There is not a single tweet in which there was I would say about the funds raised. Now the price of the presale is 1ETH-5YFLTD, and the price of Uniswap 1YFLTD is $65. So I want to know how successful the presale is? And it only takes place on Bounce Finance or you also sell your tokens on Uniswap and maybe somewhere else?

Gold Rocket | Satoshi Club: Not an easy question😉

Yearn Finance Limited Addition CEO: That`s correct, the uniswap pool was already created, but we have with drawn liquidity before the final presale round in order participants not to manipulate the price on Uniswap. We want all presale participants to be in same conditions before exchange listings. At the moment traders can participate in Bounce Finance pool , but gas fees are incredibly high in he past days. Therefore there is an option to purchase tokens from team directly sending ETH to team wallet and filling the Google form https://docs.google.com/forms/d/1CwdgHcGkSJV3eLfUUYHfb0wQ7xrVbpPny7iT7qMqps0/edit

Gold Rocket | Satoshi Club: Yeah, thanks for sharing. 👌

D. | Satoshi Club: there is a limit? how many tokens i can buy?

Yearn Finance Limited Addition CEO: Approximately 70% of soft cap has been raised already. There are still 30 hours to go , so soft cap should be completed smoothly which will be good enough to develop the project. All unused tokens will be locked for 12 month.

Yearn Finance Limited Addition CEO:

▪️Price: 5 YFLTD = 1 ETH

▪️Hard/SoftCap: 150 ETH / 100 ETH

▪️Min/Max: 0,1 ETH / 10 ETH

D. | Satoshi Club: ok, got it

Gold Rocket | Satoshi Club: So.. can we proceed to the next question?

Yearn Finance Limited Addition CEO: yes, sure!

Q2 from Telegram user @borysfireball

In your twitter is written that you’re from Dubai, United Arab Emirates. Is this true? Where you team is mostly from? How many team members do you have and at which positions? Which region of the world will you mostly focus on and why?

Yearn Finance Limited Addition CEO: Yes, core team is based in Dubai. We are in the process of registering legal company in UAE. Team is multination. we have 8 core members, a part from promotion and marketing managers in different part of the world.We focus on the whole world , but not any particular region, and creating different local communities, such as Iranian and Bangladesh which already exist. I think Russian might be next.

D. | Satoshi Club: do you have github? i see link ‘open source’ on your site but it leads to uniswap 😄in the other words – we can see your code somewhere?

Yearn Finance Limited Addition CEO: I have notice that error with link already, thanks for pointing to it. Yes we will link to opensource in few hours.

Gold Rocket | Satoshi Club: Many in our community believe that the team consists of Russian-speaking members😁

D. | Satoshi Club: nice. we will be waiting👍

Gold Rocket | Satoshi Club:

Yearn Finance Limited Addition CEO: yes, we have Russian member in our team. As we are located in Dubai, and Dubai is a multinational city 🙂

Gold Rocket | Satoshi Club: thanks for the answer! can we jump to the next question?

Yearn Finance Limited Addition CEO: I would love to!

Q3 from Telegram user @NataliyaKil

Are you currently running any airdrops and bounty for users? Where can I find them and what are the conditions for participation?

D. | Satoshi Club: BTW can i ask where exactly in Dubai you based? @YFLTDCEO

Yearn Finance Limited Addition CEO: We prefer not to have an airdrop cause airdrop hunters never think of the price when they get free tokens and sale them at any price, but we have a Bounty promotion running now.

D. | Satoshi Club: please tell us about this promotion

Yearn Finance Limited Addition CEO: https://t.me/yfltdann/7

Gold Rocket | Satoshi Club: Yes, this decision has its own logic.

Yearn Finance Limited Addition CEO: It is 12 week bounty campaign. Participant must complete Twitter , telegram and Youtube task to receive their rewards. Please follow the link to get more details.

Gold Rocket | Satoshi Club: Thanks for the sharing!

Yearn Finance Limited Addition CEO: We are located in Single Business Tower on Sheikh Zayed Road, if you are familiar with Dubai 🙂

D. | Satoshi Club: lots of time to participate👍

Yearn Finance Limited Addition CEO: Yes, all participants are welcome!

Gold Rocket | Satoshi Club: Amazing!👍

Gold Rocket | Satoshi Club: Can we proceed to the next question?

D. | Satoshi Club: ok. thank you for this answer! beautiful building👍

Yearn Finance Limited Addition CEO: Welcome for a cup of copy when you will be in Dubai:)

Yearn Finance Limited Addition CEO: Ready for it!

Q4 from Telegram user @brodzonl

What inspired you to choose Ferrrum staking program, when can we expect to start staking and will APY be choosen by community or it will by developers?

Yearn Finance Limited Addition CEO: We found Ferrum Network to be innovative and friendly platform for Defi projects. They offer not just staking pool services, but massive marketing and promotional help within their fast growing community!. APY will be chosen by team at the first stage, but as we are targeting our project to be Governed by community, APY will be voted at later stages. As well we plan to start development of our own platform in January 2021

D. | Satoshi Club: can you tell us more about the governance function? what will token holders be able to vote for?

Yearn Finance Limited Addition CEO: Yes, token holders will be legit to vote on the future project developments

Gold Rocket | Satoshi Club: Do you want to jump to the next question?

Yearn Finance Limited Addition CEO: yeah, let`s go ahead

Q5 from Telegram user @Jonahapagu

There has been a lot of fork of the Yearn Finance project..is Yearn Finance Limited Edition (YFLTD) another Fork of Yearn finance… what are the existing differences between Yearn Finance and Yearn Finance Limited Edition that you are building

Yearn Finance Limited Addition CEO: This year is hype time of Yearn Finance series , but we are trying to be different by offering higher APY on the first place and developing our own platform which we plan to be comprehensive financial market place. The main idea of Defi sector is to offer decentralized financial services to consumers, which we strongly believe in .

Gold Rocket | Satoshi Club: btw, please share your tokenomics with us. @YFLTDCEO

Yearn Finance Limited Addition CEO: We have very small total supply of tokens, which is 4500 YFLTD tokens only!

40% tokens will be allocated to Uniswap, Hotbit, Cointiger

10%- Marketing and advertising

30% -Staking reward

20%- will be locked for 12 month

Team will not hold any tokens

D. | Satoshi Club: so, YFLTD will bring a new innovations to DeFi world?

Yearn Finance Limited Addition CEO: That`s what we are targeting, and we have very creative team members with their brilliant ideas:)

Gold Rocket | Satoshi Club: It is interesting. I don’t see tokens for the team. What is the reason for this?

Yearn Finance Limited Addition CEO: The reason is that project will be totally governed by token holders and community

Yearn Finance Limited Addition CEO: And we want our community to be sure that team has no impact on the price movements:)

Gold Rocket | Satoshi Club: thanks for the answer!

D. | Satoshi Club: so are you ready to the last question? from this part

Yearn Finance Limited Addition CEO: yes, sure!

Q6 from Telegram user @AmirJosh

You will launched your staking platform this coming December 15, 2020, that is good news. But what else will your platform gonna offer to the investors besides staking? I failed to see other features of YFLTD tokens other than staking program.

Yearn Finance Limited Addition CEO: We will launch staking at Ferrum Network, but our own platform development will take some longer time. We expect first beta to be launched in January 2021. It will have Governance features, except staking facilities. More financial features will be developed at later stage, such mutual Borrow and other. We see it to be a complete financial market place.

D. | Satoshi Club: any dates for white paper? when we can see it?

Yearn Finance Limited Addition CEO: It`s being developed, but unfortunately our editor was hit by COVID19. So we expect to publish in 3-4 days from now:)

D. | Satoshi Club: understand. hope he will be feeling well soon 👍

Yearn Finance Limited Addition CEO: Yes , he will get back to work shortly:)

D. | Satoshi Club: ok, and last question from me – maybe you have some upcoming news about future events and possible collaborations with other projects? which we not awared yet😉

D. | Satoshi Club: it’s good place to share some secrets 😄

Yearn Finance Limited Addition CEO: The next upcoming events is Uniswap pool to be refilled with liquidly after the presale end and Exchange listing to be announced shortly after presale end.

Yearn Finance Limited Addition CEO: LOL, yes we still have couple of them in our pockets, but will keep them for a bit later time:)

Part 2 — live questions from the Telegram community

Q1 от пользователя Telegram @Pratze

Hello i just wonder what is the website so i can buy YFLTD token? Can you pls share the link so i can check in there? Thx

Yearn Finance Limited Addition CEO: to participate in presale please fill the form and send payment to team wallet https://docs.google.com/forms/d/1CwdgHcGkSJV3eLfUUYHfb0wQ7xrVbpPny7iT7qMqps0/edit

Q2 from Telegram user @cryptovgh

YFLTD is still not listed on CMC or COINGECKO. Are you going to apply to get listed on those? Because they are trusted platforms that helps investors to believe on your project?

Yearn Finance Limited Addition CEO: Coingecko and CMC will be applied immediately after listing at Cointiger exchange.

Q3 from Telegram user @KhaleesiTheCryptoLady

You mentioned earlier that Yearn Finance limited has Lending and Borrowing services, what collaterals do you require to users so that they can access the Lending and Borrowing services?

Yearn Finance Limited Addition CEO: YFLTD tokens will be used as collateral.

Q4 from Telegram user @lzamg

Which wallets do you recommend to use for the YFLTD token? Do you plan to create your own wallet?

Yearn Finance Limited Addition CEO: You can use any ERC 20 wallet like Trust or Metamask.

Q5 from Telegram user @warny

Has Trading of YFLTD already begun on Cointiger and Hotbit, if not, when is the specified listing date?

Yearn Finance Limited Addition CEO: Cointiger listing date will be announce immediately after presale end

Q6 from Telegram user @cryptovgh

What are the plans of YFLTD to launch a mobile app? Is it already done or is it going to launch in near future?

Yearn Finance Limited Addition CEO: Yes, mobile app will be one of the features of our own platform

Q7 from Telegram user @Winterkom

What DeFi services will be the main ones that YFLTD seeks to offer? Will it be only Lending and Saving? What other features will you work on?

Yearn Finance Limited Addition CEO: mutual borrowing facility as well as financial supermarket will be featured at our platform

Q8 from Telegram user @jerlyyyyyn

How can we assure that our funds/investments are secured on your platform?

Yearn Finance Limited Addition CEO: Platform will undergo strict security audit before launch

Q9 from Telegram user @azrayeni

Do you plan to add more exchange listings and more liqudity pools to Yearn Finance Limited Edition Token?

Yearn Finance Limited Addition CEO: Yes, we are looking at launching liquidity pool at Moonswap, as it has some better price impact algorithm, and listing some European exchanges

Q10 from Telegram user @cindy_crypto

1 ETH = 5 YFLTD. Will the price of the yfltd token always be dependable to ethereum prices?

Yearn Finance Limited Addition CEO: This is presale price, price in USD is being change with ETH price growth

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Yearn Finance Limited Edition (YFLTD) prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
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Our partners: Yearn Finance Limited Edition (YFLTD) http://yfltd.finance

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