Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from CoinWind and our guest was @Musk_CoinWind – the head of the CoinWind. The AMA took place on 19 April.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Luis Merino 🇪🇸 | Satoshi
Club:
Hello everyone and welcome to another AMA session with Satoshi Club. (Your
favourite AMA moderator is back) 😉🚀
@Musk_CoinWind will represent CoinWind and will be our guest today. Welcome!!
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with CoinWind!
Welcome to Satoshi Club😀
Musk @CoinWind:
Hello Satoshi Club!
This is Musk from CoinWind.
Mary | Satoshi Club:
Happy to see you here, Musk😃
Luis Merino 🇪🇸 | Satoshi Club:
Hello Musk 😉
How are you today? 😁
Musk @CoinWind:
Is my pleasure to be here
I am good, thanks for your asking
How about you? Luis @LuisMe7
Luis Merino 🇪🇸 | Satoshi
Club:
I’m doing great too! Hyped for this AMA 🙏🏻😄
Mary | Satoshi Club:
Let’s start our AMA 🚀
Musk @CoinWind:
Let’s go!
Mary | Satoshi Club:
Could you please introduce yourself and tell us more about CoinWind?😃
Musk @CoinWind:
Hello everyone, thank you for organizing this AMA event and all participants. This is Musk, the head of the CoinWind community. I am mainly responsible for CoinWind’s ecological business construction and community reach out.
Speaking of CoinWind
CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts, and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low income problem, and the impermanence of LP mining Risk issues such as large losses.
Mary | Satoshi Club:
Interesting concept 😀 why did you choose this name for your project?
Luis Merino 🇪🇸 | Satoshi Club:
Fascinating 👀
Musk @CoinWind:
Well, we hope tokens can fly to the moon, which come Wind could help, so we
name it CoinWind. It also show that we are more like an crypto asset bank, we
are providing bank like services
Which i iwll share more in datails later of the AMA.
Mary | Satoshi Club:
Intergalactic wind💪
Sure! And if you’re ready we can start with the questions from our community 😉
Musk @CoinWind:
I am ready and ready for it
Mary | Satoshi Club:
Let’s go 🚀
Q1 from Telegram user @meml97
I saw that CoinWind describes itselft as a HECO and BSC Ecological Mining Platform. What caught my attention is that as we well know, mining is by far one of the worst things that has ever happened to the planet because of how damaging and power consuming it is, so, how does CoindWind make possible this Ecological title? What do you do that makes you ecological?
Luis Merino 🇪🇸 | Satoshi Club:
Haha, love the idea.
Great question 👏
Musk @CoinWind:
Great question!
Mary | Satoshi Club:
We felt that you will come😂 intuition
Musk @CoinWind:
Unlike BTC, ETH, or other minings that require mining machines, CoinWind is
only offering “Token Mining” which you stake your token to CoinWind and
CoinWind will provide you with rewards. You can consider CoinWind as a bank,
you put your money to a band and the bank will give you a certain amount of
interest as rewards. CoinWind is similar, but users are putting their crypto
assets to CoinWind and CoinWind pays users interest with $MDX tokens as
rewards. The rewards are calculated with certain strategies and run by smart
contracts.
Based on such a process, they won’t hurt our natural environment.
Here are CoinWind Mining tutorials, please check them out:
HECO:
https://medium.com/coinwind/coinwind-mining-tutorials-heco-version-466afff80c6d?source=collection_home—4——1———————–
BSC:
https://medium.com/coinwind/coinwind-mining-tutorials-bsc-version-dc2da8d60f10
Mary | Satoshi Club:
Which fees will you charge for your services?😃
Musk @CoinWind:
No, is purely like bank, you deposit and can get interested.
Luis Merino 🇪🇸 | Satoshi Club:
Sounds logic. Great idea.
Mary | Satoshi Club:
Awesome 😎
Luis Merino 🇪🇸 | Satoshi
Club:
So, can you please share your “tokenomics”?
Musk @CoinWind:
There will be a fee for each transaction fee(withdrawal in this case) for gas fee.
We haven’t issue any tokens, so there is no tokenomics.
Mary | Satoshi Club:
On Heco fees are extremely low, as i know
Musk @CoinWind:
We have known that Coinbase is listed on the stock market recently, that might
be one of our goals, we will definitely study it and do more research on it,
checking with different countries’ local regulations and policies. For whether
to issue a CoinWind platform token, it really depends on the situation. Right
now, we have enough potential to grow and will not issue any token shrotly.
But you can pay attention to CoinWind and follow us for the latest update
🌐 Website: https://www.coinwind.com/
🐦Twitter: https://twitter.com/coinwind_com
🔥 Telegram: @CoinWind
🔥 Announcements: @CoinwindNews
📚 Medium: https://medium.com/coinwind
Mary | Satoshi Club:
Sure! We will definitely follow CoinWind updates🎉
Thank you for your answers, Musk! Ready to proceed?
Musk @CoinWind:
Yeap!
Q2 from Telegram user @neverencryp
You just recently told your users to migrate from the v1 revenue of your project to the new v2 revenue, how will they receive all their token mined in the v1 if this program or is it gone for good. What should we expect in these newly updated v2 that is missing in the v1 of the project.
Musk @CoinWind:
V1 is still available, but the APY is far lower than V2, we suggested all users
to join mining on V2. Please do not worry, we will keep the V1.
Luis Merino 🇪🇸 | Satoshi Club:
Thank you for sharing!
Musk @CoinWind:
By the way, if you have used CoinWind before, you can notice that CoinWind UI
2.0 went live. The brand new UI uses a lighter color as the main theme. Check
it out.
https://twitter.com/coinwind_com/status/1384118475090653185
Mary | Satoshi Club:
Did the changes only affect colors or did you add additional features?
Musk @CoinWind:
No new feature for this upgrade.
Just added new UI for this upgrade.
Luis Merino 🇪🇸 | Satoshi Club:
Love the visual changes
Mary | Satoshi Club:
Gotcha! But i really like how it looks now👍
You did great job, guys!
Luis Merino 🇪🇸 | Satoshi
Club:
But I’m a lover of dark themes, is it available on your website?
Musk @CoinWind:
Haha, you notice.
There isnt a dark theme yet.
Musk @CoinWind:
which we will add that in the future
Luis Merino 🇪🇸 | Satoshi Club:
My eyes did 😂😂
They hurt after some hours
Mary | Satoshi Club:
I love white colors, so everything suits me😂
Luis Merino 🇪🇸 | Satoshi Club:
Amazing!
👎😂
Mary | Satoshi Club:
Thank you for your answers, Musk😃
Ready to go to the next question?😂
Musk @CoinWind:
Yes.
Luis Merino 🇪🇸 | Satoshi Club:
😂😂
Mary | Satoshi Club:
Q3 from Telegram user @dudeiebitch
There is always an impermanence loss that happens in liquidity pools, when you stake a token, it is then reduced because of the increase in price of the token. What are your strategy to this kind of loss because normally a token price should not be stable then why the deduction of the token. How do you plan to approach impermanence loss.
Musk @CoinWind:
CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts, and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low income problem, and the impermanence of LP mining Risk issues such as large losses.
Mary | Satoshi Club:
Btw, which tokens are available for staking on CoinWind now?😃
Musk @CoinWind:
CoinWind aims to build a DeFi digital asset bank, launching a product that
combines high-yield, safety, and reliability, pooling different tokens
deposited by users into different pools, and then mobilizing funds from a
certain token pool to participate in different liquidity meanings, so as to
achieve higher profits for users.
CoinWind products will effectively reduce the impermanence loss in liquidity mining through a combination strategy. At present, CoinWind has launched on Heco and BSC, then will run across multiple main chains such as ETH.
There are 14 single token (HECO version) minings available on: MDX, USDT, HUSD, WTH, ETH, HBTC, HFIL, FEI, TRIBE, AAVE, LINK, HLTC, HBCH, HDOT
Luis Merino 🇪🇸 | Satoshi Club:
Any plans to include any others?
Mary | Satoshi Club:
If i want to add ETH for staking what should i do?😉
Musk @CoinWind:
There are 13 single token (BSC version) minings available on: MDX. HMDX, BUSD, WBNB, USDT, INJ, DOT, EOS, ETH, LITC, FIL, USDC, BTCB
Mary | Satoshi Club:
I mean do i need to wrap it?
Musk @CoinWind:
We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one.
Luis Merino 🇪🇸 | Satoshi Club:
🚀✨
Musk @CoinWind:
Yes, you do!
Mary | Satoshi Club:
Got it😃 i am thinking to try, still don’t have
experience with Heco
Musk @CoinWind:
Heco almost has the lowest gas fee
Try it out, lol.
Mary | Satoshi Club:
Yes, it’s a big incentive to use it!
Luis Merino 🇪🇸 | Satoshi Club:
I’ve used it only a few times 😅
Mary | Satoshi Club:
Will do soon!
You’re pioneer😃
Thank you for your answers, Musk! Ready to jump to the next question?😃
Luis Merino 🇪🇸 | Satoshi Club:
That’s important these days 😄😄
Musk @CoinWind:
let’s move to the next question
Q4 from Telegram user @testercoin
You started the project without issuing your own tokens probably would named as CoinWind token. Why did you skip the creation of native token? Yes your current grow is amazing right now but what about the governance? How do you keep going without a governance token? As the system grows more in the future, community would want to participate for governance on CoinWind. What do you say about this and in the future do you plan to create your own token?
Mary | Satoshi Club:
People want more tokens😂
Musk @CoinWind:
Haha, this question is similiar to your early question.
Luis Merino 🇪🇸 | Satoshi Club:
And money 😉😂
Mary | Satoshi Club:
Actually, that was Luis’s question)
Musk @CoinWind:
Why did you skip the creation of native token?
We have known that Coinbase is listed on the stock market recently, that might
be one of our goals, we will definitely study it and do more research on it,
checking with different countries’ local regulations and policies. For whether
to issue a CoinWind platform token, it really depends on the situation.
Mary | Satoshi Club:
But can you explain to us about governance of your platform? Do you plan it?
Musk @CoinWind:
How do you keep going without a governance token?
We are just launched on HECO and BSC. We have not launched on any other public
chains, so are not hurrying about that.
Luis Merino 🇪🇸 | Satoshi Club:
Yep 😉
Mary | Satoshi Club:
Do you listen to your community? Which role does it play in your project?😃
Musk @CoinWind:
As the system grows more in the future, the community would want to participate
for governance on CoinWind. What do you say about this and in the future do you
plan to create your own token?
Yeah, right now, CoinWind is more like back which provide saving services, you put you assets to CoinWind and we give you MDX as interest. We are thinking gona to CoinBase path, that is also one of the reasons why do havent issue any platform native token.
Luis Merino 🇪🇸 | Satoshi Club:
So Coinbase is the main reason? 😉😄
Mary | Satoshi Club:
I think we in crypto are already a little spoiled 😂
banks are usually run by bankers😂
Musk @CoinWind:
Right now, we are focus on two path, providing good product and building a strong cmomunity
For product: We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one.
For building a strong community which is what we are doing right now, creating more partnerships with other projects and maintain good connections with loans or leasing projects, and trying to convene them or their community member to stak their tokens to mine on CoinWind.
Musk @CoinWind:
Huuu, i think that is the final goal for all “havnt issue token” projects.
Mary | Satoshi Club:
Wise answer😃 thanks!
That’s true 🤣
Luis Merino 🇪🇸 | Satoshi Club:
😂😂
Mary | Satoshi Club:
Ready for the next question, Musk?
Musk @CoinWind:
Go!
Q5 from Telegram user @cryptofollower
We see really low revenues and low profit rates on single tokens especially if it is a stable coin like usdt or busd. But I see more than 80% APR on CoinWind. Checking the details, normally it gives 20% but there are additional 60% APY. Is it done with the reinvestment function you implemented? How does reinvestment works? How do you increase the yield?
Musk @CoinWind:
We do have a REINVESTMENT feature, which was just launched this month
First of all, let’s talk about why we need to reinvest. The income generated by current user mining is in the LP pool without any use, which causes the funds to be idle and does not maximize their value; on the other hand, the mining income is lower than in the past. In order to increase user revenue, we have added a re-investment function.
So how does the contract realize the reinvestment? Every 5-10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time.
After the reinvestment, the project yield will increase by more than 40% on the current basis.
In addition, the most critical point is to make a supplementary explanation: as time goes by, the return on reinvestment will get higher and higher.
Mary | Satoshi Club:
Nice feature! So you still have them😃
Musk @CoinWind:
At the same time, I also suggest that you do not frequently withdraw the
proceeds from CoinWind
Luis Merino 🇪🇸 | Satoshi Club:
That’s amazing, Musk 👏✨
Mary | Satoshi Club:
Sure🤣 who will do this!
Luis Merino 🇪🇸 | Satoshi Club:
So it’s like a cycle that is repeated always, right?
Musk @CoinWind:
Yeah, because each time withdraw, you will need to pay a gas fee.
which will reduct your incore
Musk @CoinWind:
Correct.
Luis Merino 🇪🇸 | Satoshi Club:
✨😄
Mary | Satoshi Club:
Thank you for clear answers!😃
Ready for the 6th and last question from this part?😉
Musk @CoinWind:
Always ready.
Musk @CoinWind:
Lets move to the 6th question
Q6 from Telegram user @ambbobb
I tried to create a wallet on the website but redirected me to some wallet I have on my mobile phone. Can users only create wallet on desktop? Or was it only designed for only user with desktop? Or we should be expecting it very soon on mobile phone too?
Musk @CoinWind:
You can use CoinWind on WEB or a Wallet APP
For web, you will need to set up a Matemast. CoinWind is available on Bitkeep, Huobi Wallet, Tokenpocket. Etc
Here are tutorials, please check them out.
HECO:
https://medium.com/coinwind/coinwind-mining-tutorials-heco-version-466afff80c6d?source=collection_home—4——1———————–
BSC:
https://medium.com/coinwind/coinwind-mining-tutorials-bsc-version-dc2da8d60f10
Mary | Satoshi Club:
Lol, i just wanted to ask🤣
Luis Merino 🇪🇸 | Satoshi Club:
He gave you no choice 😂
Mary | Satoshi Club:
No chances, CoinWind is fast like wind🚀
Luis Merino 🇪🇸 | Satoshi Club:
We haven’t noticed that’s your favourite sticker pack 😅😅
Musk @CoinWind:
Haha, doge.
Musk @CoinWind:
Recently, is doge news everywhere.
Luis Merino 🇪🇸 | Satoshi Club:
💨
Mary | Satoshi Club:
Yes, dogs are fashionable now🤣
Luis Merino 🇪🇸 | Satoshi Club:
Yeah! 😎😂
Mary | Satoshi Club:
Did you think to add Doge to CoinWind?
Luis Merino 🇪🇸 | Satoshi Club:
👀
Musk @CoinWind:
Actually, our team is evaluating it, I think the chance for doge is low because the price changes too fast.
Musk @CoinWind:
Lol
Mary | Satoshi Club:
Ahaha😂 you’re right!
Luis Merino 🇪🇸 | Satoshi Club:
Price changes as soon as FOMO appears on Twitter 😂
Mary | Satoshi Club:
Elon, you can call his name😂
Luis Merino 🇪🇸 | Satoshi Club:
Lead by your “brother” Elon Musk 😉😂
Hahaha I was thinking about him 😄
Musk @CoinWind:
The big, more well-known Musk.
Luis Merino 🇪🇸 | Satoshi Club:
😎
Part 2 — live questions from the Telegram community
Q1 from Telegram user @topind7
Can you tell me one special thing about CoinWind and what makes I different from other similar projects?
Musk @CoinWind:
Haha. i think is we havnt issue a platform token yet, we want to become the next coinbase.
I also want you to remember one thing of CoinWind, we are leading APY.
Q2 from Telegram user @highpee
You will lower the THRESHOLD requirement from investors who intend to participate in Defi Mining. But lowering the threshold may also have an impact on mining returns. How will it be possible to achieve a sustainable mining return and maintain a high liquidity mining yield when the mining threshold are watered down ?
Musk @CoinWind:
Actually, i think CoinWInd mining THRESHOLD is the lowest. you need to prepare your token and stake in CoinWind, you can then, start earning.
For higher APY, we have a reinvestment feature will make CoinWind APY generally hight than most of the other platforms.
So how does the contract realize the reinvestment? Every 5-10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time.
Q3 from Telegram user @Eminet001
Success of a project also depends on the community, what’s COIN WIND plan in attracting non-crypto users and spreading awareness globally especially to non English speaking countries?
Musk @CoinWind:
Actually, we are more focusing on Crypto members, instead of non-crypto users. it is required to use crypeo to mining on CoinWind, if a user is not a crypto user, there need more educations for this person. We will more focus on people who has know about crypto and some finance knowledge.
Q4 from Telegram user @JuanSB07
CoinWind is characterized by effectively resolving the problem of low profits for single currency miners. But really what are those “high profits” that users can generate through your platform? And if they are so high, how is the project sustained constantly? High percentages is not high risk?
Musk @CoinWind:
-first, we only select premium tokens for minings
-second, CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low-income problem, and the impermanence of LP mining Risk issues such as large losses.
The smart contract run it itself so it could make good profile.
Speaking of high reture, that is correct, the strategy and smart contract can make that happen.
Q5 from Telegram user @Antoni_azx
In your contract, the funds in different currencies are paired and invested into the mdex liquidity pool to obtain income in MDX, why is this token given so much importance in your ecosystem? What other use cases do you have?
Musk @CoinWind:
MDEX is the largest platform on Heco. It is a decentralized trading product that automatically makes markets based on the concept of a fund pool. As a fully functional DEX, it is also proposed and implemented. A dual-chain DEX model based on Heco and Ethereum public chains. Combining the advantages of the low transaction fees of Heco and the prosperity of the Ethereum ecosystem, it supports the “dual mining mechanism” of liquidity mining and transaction mining.
I would say that MDEX.COM is the core hub of value exchange in the Heco ecosystem, and an important attempt to open up the CeFi and DeFi markets, whether it is from the strong growth potential of the encrypted trading track or a rampant comparison of the core data of several current top DEXs Indicators, the potential value of MDEX platform pass MDX is obviously underestimated, and we are very optimistic about the future of MDEX.
Q6 from Telegram user @Mamitabella
How would you keep your community active to continue achieving goals like your TVL over 1 billons dollars?
Musk @CoinWind:
CoinWind TVL has surpassed $1.76B.
Q7 from Telegram user @NataliyaKil
What was audited by Fairyproof in Feburary 2021 and Beosin Technology Co. Ltd in March 2021? What results did you get? Do you plan to contact a third company for an audit in the future?
Musk @CoinWind:
CoinWind has audited by those projects and they will continuously project coinwind smart contracts. they are good for now. if we find another great auditing project, we will definitely ask them to audit for CoinWind, because you know, CoinWind is currently managing the last $1.7 Billion worth of crypto assets.
Q8 from Telegram user @budykarebet
What is the strategy used by Your Project to attract new users and investors and keep them in the long term?
Musk @CoinWind:
Leading APY and safe smart contract.
Q9 from Telegram user @Dogleae
For coinwind At what stage is the project at the moment? And what should we expect in the coming months?
Musk @CoinWind:
Support more types of tokens.
Also, CoinWind will launch on more public chains
Q10 from Telegram user @Crypt0_l0ver
NFT is trending now, is there any plan for that?
Musk @CoinWind:
Not at the moment, we will just focus on mining services, we will only do what we are professionaly to do.
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of CoinWind. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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