PART 1. Introduction of CornDeFi Finance project and community questions.
Hello, Satoshi clubbers and guests of this site. Let’s talk today about the next-generation yield farm project.
CornDeFi Finance is a next-generation yield farm on Binance Smart ChainAnti Whale – Harvest Lockup – Vault Farms.
The plan of AMA session:
- Part – Introduction and preselected questions.
- Part – Live questions
- The Quiz about CornDeFi Finance
The reward pool is 500$
Leading the AMA our clever and fun admins:
Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7
Gold Rocket | Satoshi Club – @GoldRocket27
The Representative of the project:
GP^FIRE – Marketing Manager and Community Manager
Introduction of CornDeFi Finance project.
Luis merino 🇪🇸 | Satoshi club:
Hello everyone and welcome to another ama session in Satoshi club. Our guest today is @gpfire1 from corndefi. Welcome! This is your home 😉
Gold rocket | Satoshi club:
Hello, dear Satoshi club community! We are pleased to announce ama with corn defi. Hello and welcome to Satoshi club, @gpfire1!
Gp^fire🔥
Thank you
Gold rocket | Satoshi club:
How are you doing🌽
Gp^fire🔥
Great, it is a beautiful day today
Gold rocket | Satoshi club:
😉 nice to e-meet you
Gp^fire🔥
Same here
Gold rocket | Satoshi club:
Let’s start!
Introduce yourself, please. How did you get to be involved in crypto & corn defi!?
Luis merino 🇪🇸 | Satoshi club:
You were faster 😉
Gold rocket | Satoshi club:
🚀
Gp^fire🔥
Hello all, i’m gp fire, marketing manager and community manager for corn defi
Done
Gold rocket | Satoshi club:
What is the essence of corn defi?
Gp^fire🔥
Corndefi is latest generation yield farm and AMM decentralized exchange running on Binance smart chain with lots of unique and creative features.
Our inspiration comes from long-term harvest lock-in, but we have better ideas for traditional harvest lock-in modes.
Done
Luis merino 🇪🇸 | Satoshi club:
Thank you for the introduction
Gold rocket | Satoshi club:
How long does it take to develop a project? What plans do you have for the future? And what can we expect from corn defi?
Gp^fire🔥
If we successfully reach every step of our plan, then our team’s greatest expectation for the project is to be listed on mainstream exchanges and become a cross-chain project
Also, you can get the highest profit through our latest farming methods.
Done
Gold rocket | Satoshi club:
Tell us about the benefits of corn defi. How is it different from others?🌽
Gp^fire🔥
There are many projects in the long-term harvest locking mode. We use assets to generate income to achieve the functions of automatic corn destruction and automatic liquidity. Compared with other projects, we have canceled the transaction tax of corn, allowing users to trade corn without loss.
Our features also distinguish us from other projects such as:
Vault farms
Corndefi will use all lps to generate revenue. These proceeds will be used to stabilize currency prices and liquidity pools.
These benefits will be processed automatically by our team on a regular basis, and you do not need to pay additional gas.
Automated burning mechanism
40% of each proceeds will be used to buy back and burn corn.
Automatic liquidity
60% of the income obtained each time will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. And the liquidity will be locked and inaccessible.
Anti whale
Transactions of more than 1% of the total supply will be rejected. As the total supply grows, this ratio will be reduced.
Harvest lockup
We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Gold rocket | Satoshi club:
Also, we would like to know more about your team. Who is on the project team core?
Gp^fire🔥
Richard hunter, one of the founders of corndefi. He has more than 5 years of experience in the cryptocurrency field. Responsible for corndefi’s strategy formulation and marketing.
Mike henry, project marketing manager of corndefi.
Started to engage in internet operations in 2017, with 5 years of actual operation experience. Responsible for the marketing and operations of corndefi.
Done
Gold rocket | Satoshi club:
Does this mean that your team is not anonymous?
Luis merino 🇪🇸 | Satoshi club:
At least those two members no 😄👍
Gp^fire🔥
Team is anonymous but the two names can be researched about.
Done
Gold rocket | Satoshi club:
Thanks for great introduction, we will have several questions selected for the part 1. Ready to start?
Luis merino 🇪🇸 | Satoshi club:
Thank you. Let’s go!
Gp^fire🔥
I’m ready
Preselected questions about the CornDeFi Finance DeFi project.
Gold rocket | Satoshi club:
Q1 from telegram user @asela1112
Lps can provide liquidity using $bnb & get $corn tokens instead of that on pancakeswap. How long does it take to get our funds back, i mean what is the locking period of that pool? What is the minimum amount of $bnb that i should invest in to the pool? What kind of privileges, do you offer for lps? How about the security condition of this pool, is there anyone who can access the liquidity pool any time & withdraw all the funds without your permission?
Gp^fire🔥
You can withdraw your funds at any time, our harvest is locked in 6 days.
No minimum investment limit.
Our project has undergone long-term internal development testing and security audits to ensure the safety of the code logic on the chain. After a reasonable token model and a reasonable model design, it attracts more investors and keeps the project active for a long time. Try our best to protect the value of investors’ assets in the long term.
Done
Gold rocket | Satoshi club:
Sorry. Now will be a delicate moment.
Gp^fire🔥
Alright
Gold rocket | Satoshi club:
Today people came to our chat and said that they could not withdraw funds. If I give you their names, will you help me deal with the situation?
Luis merino 🇪🇸 | Satoshi club:
So, 6 days
Thank you for the clarification
Gold rocket | Satoshi club:
Or explain what they need to do
Gp^fire🔥
Yes of course
If you ask the person that complained, he never sent a dm and i believe the moderators banned him because he spam
Corn community is completely at peace as everyone is participating the farm, earning good profits with our amazing apr
Gp^fire🔥
After the AMA, they can send me a dm and i’ll gladly assist them. We value all of our investors and supporters😊
Gold rocket | Satoshi club:
I will send you all the information in the pm.😊
Do you have a customer support service where users can contact?
Gp^fire🔥
Yes, they can contact me. Thank you😊
Luis merino 🇪🇸 | Satoshi club:
That’s amazing 👏👏 Thank you for helping them
Gold rocket | Satoshi club:
Thanks for your answers
Luis merino 🇪🇸 | Satoshi club:
Nice. Do you want to add something? Or ready for the second question? 😄👍
Gp^fire🔥
Ready for second question😁
Gold rocket | Satoshi club:
Q2 from telegram user @yellowchamp
Corn defi has no pre-sale yet corn tokens can only be bought at pancakeswap v2. So,why does your platform decided to not conduct a presale? Having no presale,how did you manage to provide some liquidity and money for some expenses especially for listing purposes to some exchanges? Does your team just provided funds or do you have some third-party partnership that helps you provide funds for liquidity? Aside from Pancakeswap, which other CEX or dex exchanges we can expect for $corn token to be listed? Lastly,does your smart contract already audited since your token can already be buy in pancakeswap? Thank you
Luis merino 🇪🇸 | Satoshi club:
I love this question 😊
Gp^fire🔥
We have no pre-sale for fair launch.
Our project has passed a large amount of financing. The early income includes part of the recharge fee, and the later period will include the cost of the district centralized exchange, and the listing of mainstream exchanges in the future will bring us more returns. We firmly believe in this.
Our smart contract has been audited
Luis merino 🇪🇸 | Satoshi club:
Can you share that audit with us?
Gold rocket | Satoshi club:
Who audited you?
Gp^fire🔥
Audit report: https://corndefi.gitbook.io/corndefi-finance/security/audits
Luis merino 🇪🇸 | Satoshi club:
Thank you 😊
Gold rocket | Satoshi club:
Thanks for sharing! Safety first🙌
Luis merino 🇪🇸 | Satoshi club:
You are right 👏
Gold rocket | Satoshi club:
Ready for the next question or want to add something?
Gp^fire🔥
Yea thanks. Ready for the next question.
Gold rocket | Satoshi club:
Q3 from telegram user @andrey_seleznov
Hi corndefi!
Farming projects are often doing better when partnering with other projects and opening new pools for staking or earning tokens from other popular projects. Do you consider any partnerships at the moment? What projects would you want to invite to the corndefi platform for mutual benefit and to increase your user base and correspondingly tvl? And lastly, since you have a 4% deposit fee, is it even possible to integrate other tokens without such fees with corndefi smart contract or the other way around?
Thank you!
Gp^fire🔥
For partnership, we have reached out to several projects for the opening of new pools for staking
We are also in talks with coinsbit
For security reasons, we have not considered integrating other tokens without fees with corndefi smart contracts or other methods.
Done
Gold rocket | Satoshi club:
Thanks a lot for the answers! Share your roadmap with us please😊🌽
Luis merino | Satoshi club:
Coinsbit is huge, isn’t it? 😉
Gp^fire🔥
Yea sure
https://corndefi.gitbook.io/corndefi-finance/roadmap
Thank you
Luis merino | Satoshi club:
Thank you! Ready for the next question? 🚀
Gold rocket | Satoshi club:
You have already done a lot and you have more work ahead🚀🌽
Gp^fire🔥
Yes
Gold rocket | Satoshi club:
Q4 from telegram user @victorogb
On careful study of your document and with particular reference to your roadmap, you plan to carry out some community and promotional events as well as enter into various partnerships. Noteworthy, is your planned lottery as well as twitter, youtube and ticktock contests, which are lined up to wrap up the launch stage of your project. Can you briefly describe how these activities would be organized, what are the possible dates and for how long would it run, and asides from these planned community events, what are other concerted marketing strategies to be employed and possible partnership considerations?
Gp^fire🔥
We don’t have specific dates for this but we are sure to carry out this marketing plan and the duration for each of these is one full month at a minimum.
Done
Luis merino | Satoshi club:
Can you please share links to your social media?
Gp^fire🔥
https://t.me/corndefi
https://corndefi.gitbook.io/corndefi-finance/community/social-and-contact
https://twitter.com/corndefi
Luis merino | Satoshi club:
Thanks 😊😊😊
Gold rocket | Satoshi club:
Ready for the next question 😉
Gp^fire🔥
Yes
Gold rocket | Satoshi club:
Q5 from telegram user @jonahapagu
Part of your long-term plans as signified on your road map is the addition of new products and a decentralized exchange (amm) so what new products does corndefi have in mind to introduce into its ecosystem, and how will the new products be implemented. How will corndefi’s proposed decentralized exchange work and what kinds of assets will users be able to trade on corndefi’s decentralized exchange..
Gp^fire🔥
For a mature platform, safety comes first. So when our other plans are implemented, we will continue to work with the security team to do more comprehensive audits. Amm decentralized exchange is what we must do. We must do our own exchange to facilitate transactions for each user. Stable currency prices are our higher pursuit. For this reason, we will open up more trading pools and cooperate with more exchanges. There are more interesting things in the plan.
Done
Gold rocket | Satoshi club:
Thank you very much for the answer. Please share your tokenomics with us🌽
Gp^fire🔥
https://corndefi.gitbook.io/corndefi-finance/tokenomics/corn-token-corn
Gold rocket | Satoshi club:
Why did you decide to make unlimited supply? This is a rather unusual solution.
Luis merino | Satoshi club:
Yes 👀
Maybe it is what makes it different from other projects
Gp^fire🔥
This is to realize the special setting of the project function
Gold rocket | Satoshi club:
Yes, that’s exactly how it became interesting to me😁thanks a lot for the answers.
Ready for the last question of this part?
Gp^fire🔥
Yes
Gold rocket | Satoshi club:
I think you will like this question😁
Q6 from telegram user @ajpaa
Deposit fee is 4% for non-corn farms/pools, deposit fee is 0% for native farms/pools. 75% of this fee will be used to buy back + burn corn to pump the price. Can you please tell us how the remaining 25% of this fee will be utilized, as I could not find details about it? Also when the proceeds from the vault was explained, it was mentioned that the gas fee is only 20% higher than that of a normal farm and that obtaining revenue is the place that spends the most gas, which will be handled by the development team. Please clarify which transaction has this 20% higher gas fee? Has the development team handled the revenue obtaining with most gas fee as you affirm?
Gp^fire🔥
The remaining 25% is project operating expenses.
For special reasons, the user’s stake gas fee is 20% higher
The proceeds of the vault will be used to repurchase and destroy corn and increase the liquidity of corn-bnb. This part of the operation is done by the development team, and the gas fee is also the highest.
Done
Luis merino | Satoshi club:
Thank you for the answer. I have no extra questions for this one 😄👍
Gold rocket | Satoshi club:
Thanks for your answers! Now get ready for the most impressive part of our ama! Live questions! 🚀
Luis merino | Satoshi club:
So… Part 2 is approaching
Gp^fire🔥
Alright
Luis merino | Satoshi club:
A huge storm of questions is almost here 👏
Gold rocket | Satoshi club:
@gpfire1 please do not forget to take care of the guys who have problems with the unstake😊
Gp^fire🔥
Yes sure
Luis merino | Satoshi club:
So… I will open the chat for 2 minutes. Please get your best questions ready…
Gp^fire🔥
Alright
PART 2.Questions about the CornDeFi Finance project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the CornDeFi Finance crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user @lm10980
Where can I buy your $CORN token now, what are your current contracts and how can I buy them and what are the benefits?
GP^FIRE🔥:
You can buy here and to earn more, farm or stake
https://pancakeswap.finance/swap?outputCurrency=0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA
Q – 2 from a telegram user @cryptoflower13
Among the products you offer on your website is the Lottery, which will be launched soon. Could you give us more details on how this lottery will work? How will it magnify the income of the user?
GP^FIRE🔥:
The Lottery function is being tested and perfected repeatedly on the test network. I will meet you in a while and I will definitely give you a different lottery.
Q – 3 from a telegram user @deleted
DELETED
GP^FIRE🔥:
These benefits will be processed automatically by our team on a regular basis, and you do not need to pay additional GAS.
Automated Burning Mechanism
40% of each proceeds will be used to buy back and burn CORN.
Automatic Liquidity
60% of the income obtained each time will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. And the liquidity will be locked and inaccessible.
Anti Whale
Transactions more than 1% of total supply will be rejected. As the total supply grows, this ratio will be reduced.
Harvest Lockup
We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Q – 4 from a telegram user @nguyenben
Corn Defi with Unique Rewards Lockup & BuyBack Mechanism, What Makes Rewards Lockup & BuyBack Mechanism Unique?
GP^FIRE🔥:
Our biggest difference is that all deposited assets on the farm will be managed by the vault. The proceeds from the vault will be used to BuyBack and Destroy CORN and increase the liquidity of CORN-BNB. In this way, the transfer tax is replaced, and the loss incurred when the user trades CORN is reduced. You will not notice these details when you deposit and withdraw, and the GAS fee is only 20% higher than that of a normal farm. Obtaining revenue is the place that spends the most GAS, which will be handled by the development team.
The development team will obtain income once a day, BuyBack and Destroy CORN, and add liquidity to CORN-BNB.
Q – 5 from a telegram user @captainprice111
How important is privacy and security for the CornDeFi project? How can users trust the CornDefi project? Have you had any third party AUDIT or report because smart contracts are prone to errors?
GP^FIRE🔥:
For a mature platform, safety comes first. So when our other plans are implemented, we will continue to work with the security team to do more comprehensive audits. AMM decentralized exchange is what we must do. We must do our own exchange to facilitate transactions for each user. Stable currency prices are our higher pursuit. For this reason, we will open up more trading pools and cooperate with more exchanges. There are more interesting things in the plan.
Q – 6 from a telegram user @Mercury654
For the success of any project its Marketing & Advertising Strategy should be solid? what are your plans regarding marketing and advertising for the project?
GP^FIRE🔥:
We are great marketing for this project
We did marketing with Livecoinwatch and bscscan
Currently, we are in talks to start marketing on coinsbit, Hotbit, and gate.io
Q – 7 from a telegram user @habibi_ve
In your announcements recently I saw that CornDefi is going to conduct an airdrop, could you give us a little more detail on how I can participate in it? What are the steps required for this? When will it take place?
GP^FIRE🔥:
Airdrop bot: https://t.me/CornDeFiAirdropBot
End Date: September 10th, 2021.
Distribution Date: September 15th, 2021.
NB: 4000 CORN for 4000 Winners (1 CORN/person)
Q – 8 from a telegram user @Sourava12
Is it possible that I can sell all $CORN after I have harvested and what are the important parameter to check while selling $CORN?
GP^FIRE🔥:
Yes you can sell
Q – 9 from a telegram user @messilolz
Corndefi is available in what exchanges to buy now??? what is the contract address to buy for new investors?
AGP^FIRE🔥:
It is available on pancakeswap
To buy, kindly use the link https://pancakeswap.finance/swap?outputCurrency=0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA
Contract address: 0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA
Q -10 from a telegram user @coinresearcher
We have seen nowadays many scam projects are built with Binance Smart Chain and I wonder why did you choose BSC for Corne?
GP^FIRE🔥:
CornDeFi is now running on the Binance Smart Chain. I like this chain for many reasons, including its maturity and stability and low transaction fees. Our ultimate goal is to make a cross-chain project.
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the CornDeFi Finance project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
Our contacts for more details:
English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website
Our Crypto Partner by this AMA: CornDeFi Finance