Hello, Satoshi clubbers and guests of this site. Glade introduces to you CyberFi crypto DeFi project. CyberFi mission is to create a user-friendly DeFi experience and add a new layer of features available. Users of our platform will experience zero-stress, automated DeFi trading, and farming, smaller fees, and tools for Impermanent Loss mitigation.
The AMA session was divided into 3 parts with a total crypto reward pool is 500$.
Leading the AMA our clever and fun admins: @madamlobster and @Cool_as_Ice
The Representative of the project: @cyberfitech Geralt – CyberFi CEO
PART 1. INTRODUCTION of CyberFi PROJECT AND COMMUNITY QUESTIONS.
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with CyberFi! Welcome to Satoshi Club😀
D| Satoshi Club: Hello Satoshi club!
Geralt – CyberFi CEO: Hi!
Mary | Satoshi Club: Hello, welcome to Satoshi Club 😀
How are you today?)
D| Satoshi Club: @cyberfitech hello!
Geralt – CyberFi CEO: Great, how are you guys doing?
D| Satoshi Club: Wonderful!
Mary | Satoshi Club: We are as well, I think😀
Please, tell us about yourself and give us an intro about CyberFi 😀
Geralt – CyberFi CEO: Sure
Hi everyone, I’ve been in crypto for over 4 years now. Before that have been developing my own projects and startups.
I have been a builder of DeFi since 2018, I and my team have had experience with developing oracles, cross-chain applications, exchanges and many POCs. we’ve come to CyberFi with lots of experience in developing blockchain applications and a great understanding of the problem we are trying to solve and the solution.
We have created a team that is more than capable of creating Great Tech. And we have shown that by finishing our Alpha version of the product before going public with the project.
A short intro of CyberFi
With CyberFi, you don’t need to watch Uniswap 24/7 anymore, automate your actions in DeFi with CyberFi, the first-ever product to automate Yield Farming exit based on price changes.
Mary | Satoshi Club: Great intro, btw, can you tell us at least one name of the projects you were developing?
Geralt – CyberFi CEO: Good question, we’ll keep that anonymous for now, as I have corporate obligations, but you can check out our website and see the experience of our public CMO.
Mary | Satoshi Club: Yes, I saw his Linkedin.
D| Satoshi Club: Sadly, LinkedIn doesn’t work for me 😁I tried many times
Mary | Satoshi Club: So, you want to tell us with CyberFi we won’t need Uniswap any more?
Geralt – CyberFi CEO: Nope, you will need Uniswap and you will need Metamask, but CyberFi brings the possibility to automate your strategies instead of doing everything manually and checking Uniswap 24/7
Mary | Satoshi Club: Oh, got it. I think we can talk more about different features of CyberFi while you will answer the questions from our users) Ready for them?)
Geralt – CyberFi CEO: Sure
D| Satoshi Club: Sounds cool! it will solve lots of inconveniences. Let’s start the first part of our AMA!
Q1 from Telegram user @getrichie
You have sold 450 000 CFi in the Alpha round. Congrats. But can you tell me if you’ve got investments from any strategic partners or groups? big investment firms? Those investments are useful because they will help you with their resources to grow
Geralt – CyberFi CEO:
Q1 a little bit wrong as Alpha Round was 350 000 CFi. We have received a contribution from a fund, that will help us strategically. We will announce this later today and we are looking to get more recognition from funds that can support us in the long run
Mary | Satoshi Club:
You told me that you received enough contributions for this round for two hours?)
D| Satoshi Club:
Why later, why not now? it’s a great place for announcements😁
Geralt – CyberFi CEO:
Correct, with the support of our Advisor Jeff https://twitter.com/JeffKirdeikis we’ve been getting a lot of demand
Medium article in the making 😀
D| Satoshi Club: Ohh got it😉
Geralt – CyberFi CEO:
It’s a small fund, nothing crazy, but they are helping us A LOT with everything.
Mary | Satoshi Club:
As I understand USA citizens were restricted from Alpha Round participation, will you let them join next?
Geralt – CyberFi CEO: Nope. Sorry.
Mary | Satoshi Club:
Thanks, can we move forward to the next question?
Geralt – CyberFi CEO: Yes just send:)
D| Satoshi Club: Thanks for your answer! Q2 next!
Q2 from Telegram user @Rebel99
My favorite feature on your platform is the ability to set limit orders on Decentralized exchanges like Uniswap, I’m curious about how this would work considering that there is no order book on Uniswap and there may be huge slippage causing transactions to fail? Did you know that 1inch will have soon limit orders as well? @Rebel99
Geralt – CyberFi CEO: Good questions, although limit orders are easy to understand this is not the premier focus of our platform, we specialize in complex events automation.
Limit orders can be done in a number of ways, we have them stored off the blockchain before a price trigger tell us that the price has reached the target and the TX will then be sent online
D| Satoshi Club: Can you explain to us? how limit orders will be work?
Geralt – CyberFi CEO:
Others do it fully online, but I personally see that as a huge front-run opportunity
We are planning to set up more complex orders than just limit orders in the future, orders that would separate the Tx into smaller pieces and liquidate through a longer period of time causing a smaller slippage👍 lets go to the next Q
D| Satoshi Club: Got it! let’s proceed to the next one!
Q3 from Telegram user @konditer_rolex
You have a very complex token economy. To understand all this, you need a calculator and a great desire to find an error in your calculations. But today I want to gain confidence in the project and my question will be about this. Tell me, what is the economy of the CFI token based on? There are a lot of token distribution points with a detailed description of how many to whom and how it will be unlocked. Have you used the experience of other projects? Have you taken into account the mistakes of other projects? Do your team members have had any bad experience of participating in other projects in the past? Perhaps you learned from your own mistakes
Geralt – CyberFi CEO: I like the comment about the calculator
It does sound complex, but it is focused on one thing only – a slow period of the supply increase. The lock periods are there to provide a steady increase in supply and retain a healthy market.
Mary | Satoshi Club: Yes😀
Geralt – CyberFi CEO:
Obv we are looking at exp of other DeFi projects as examples and having a strong community and long-terms holders must help us with our economics
Mary | Satoshi Club:
How you plan to encourage your users to hold CFI?
Geralt – CyberFi CEO:
We are going to have staking features for holders
Mary | Satoshi Club: Thank you 😊 Next question?)
Geralt – CyberFi CEO:
We are planning a few interesting events in the near future for holders. Yes next Q
D| Satoshi Club: But it’s secret for now?
Geralt – CyberFi CEO:
Yes, we will involve NFTs but in a way, no one has used it before
D| Satoshi Club: Interesting, interesting!
Mary | Satoshi Club:
Yes) your testers will get NFTs, right?) We like NFT here)
Geralt – CyberFi CEO: Testers will have a separate distribution. I’m a big fan as well.
We are going to have a couple of automation strategies for NFTs also in the Future
Mary | Satoshi Club: It’s intriguing)
D| Satoshi Club: Lots of events in the future! cool! thanks for sharing!
Mary | Satoshi Club:
Ok, we will wait for the announcement 👍 , and now can we go forward to the next question?)
Geralt – CyberFi CEO: Yes, next!
D| Satoshi Club:
Q4 from Telegram user @brainchest
For an investor, several things are important. The truth of the project and success. How can I trust just the text on the web-site without proof that the project is being worked on? Projects usually upload code to Github, even if not all files are open for viewing. Information vacuum. There is no information about tokenomics. What is the yield for stacking and farming? There is no description of how future products will work. And it’s hard to see a website made with errors (in sections with horizontal scrolling, the text is cut off) by a team that has a programmer with 15 years of experience.
Please dispel the doubts that many users-investors may have.
Geralt – CyberFi CEO: Well, we do have the Alpha version and the alpha testers program.
CyberFi Announces Launch of “Alpha Testers Event”
CyberFi Alpha is ready and has gone through internal testing so it’s time to go further – starting today we are launching the application form to onboard the first 50 testers of our platform.
Small recap – CyberFi is an Intelligent DeFi Automation Platform. In our alpha, we have Automated LP token management, liquidity mining, and yield farming exit strategies essential to DeFi users.
We have capped this event at 50 users because we want to start with a close community of believers and active participants. Additionally, we have prepared many bonuses for Testers that you can check out in the form.
CyberFi invites all active DeFi users to participate, the CyberFi Team will choose the best applications and will start to send out invites in the next few days.
https://forms.gle/nxGm2n7DsFreG4DL6
That’s number 1 answer
The second point is our Advisor did a video presentation of it in the last video, so we are focused on that 100%
D| Satoshi Club: Can you share a link?
Geralt – CyberFi CEO:
3 point. I think the website is really great, we’ve spent a LOT of time working on it. Some problems might be because of animations but we are working on having it so that all screens have the same visual
https://twitter.com/JeffKirdeikis/status/1324559881618120704
Mary | Satoshi Club:
But it’s not so easy to become a tester, right?) You require active previous interaction with yield farming protocols?)
D| Satoshi Club: Yeah, I very like the design! cyberpunk style
Mary | Satoshi Club:
How many users you already find and how many seats left?
Geralt – CyberFi CEO:
Correct, as we want active participants 🙂 But Beta Testers applications will be easier to get into
We are hunting for quality requests so a number of seats are still available
Mary | Satoshi Club:
Thanks, sure you will choose the best of them 👍
Geralt – CyberFi CEO:
last point, we are not another farming project. We are a unique platform offering real change in the DeFi space. 👍
We can go to the next Q, I think
D| Satoshi Club: Thank you for answer! let’s goo to the next one!
Q5 from Telegram user @PaoloMonte87
The Alpha testing of the CyberFi platform has launched and registration is now open. What are the requirements and obligations to be part of the CyberFi Alpha testers group? What kind of benefits and bonuses will these lucky users receive for their feedbacks, efforts and contributions?
Mary | Satoshi Club: I think it’s partially covered)
But benefits and bonuses are the sweetest part😊
Geralt – CyberFi CEO:
All Qualified Testers will benefit from:
- Access to the CyberFi Alpha
- Access to the CyberFi Testers group
- CyberFi Alpha testing feedback contributors will receive a Special, limited supply NFT tokens. Additionally,
they will gain priority access to new CyberFi products.
- Additional benefits for active testers.
- Take part in the First Closed Transaction Mining Event of CyberFi.
Secret Bonus – 10 Active Alpha Testers will receive CyberPunk 2077 for free.
This is from the Form. It’s really more about creating a private community that will stay with us👍 Don’t know what else to add with this Q
D| Satoshi Club: And there are any requirements to participate?
Geralt – CyberFi CEO: Yes, but it’s not harsh
To qualify for AlphaTesting you have to:
- Be an active user of yield farming protocols and other DeFi products
- Submit an active ETH address to prove interaction with yield farming projects
- Commit to providing feedback
Mary | Satoshi Club: How long do you plan this event to continue?
D| Satoshi Club: Nice!
Geralt – CyberFi CEO: Another week or so
Mary | Satoshi Club: Got it😀 And the last question from this part?😃
Geralt – CyberFi CEO: Yes, please.
D| Satoshi Club:
Q6 from Telegram user @Xusuo
I want to ask regarding your investment program. If I invest for Cyberfi in Alpha Round, it will be locked for 2 months? Besides 20% which is unlocked in the 1st week, then it will continue to unlock 10% every week?
Geralt – CyberFi CEO: Correct. Simple as that. let’s go.
Mary | Satoshi Club: Live questions?😀 Let’s go 🚀
PART 2.QUESTIONS for a CyberFi DeFi PROJECT from TELEGRAM COMMUNITY LIVE
In this part, we open a chat for the crypto community for 80 seconds. Then the guests from the crypto project choose the top 10 questions. These 10 crypto enthusiasts have earned cryptocurrency.
Q – 1 from a telegram user @Fighter060
At the moment, where you are focusing right now? building and developing a product or getting customers and users, or partnerships? Could you share it?
Geralt – CyberFi CEO:
We are focused on building as fast as possible. There is one strategy available in alpha, we are working on having 4 in the Beta now. Every one of these strategies will be configurable.
Q – 2 from a telegram user @seen123
With the high volatile assets, does CyberFi have any solutions to minimize risks for traders?
Geralt – CyberFi CEO:
Basically, all of our products are focused on creating risk-mitigation options for DeFI users.
Q – 3 from a telegram user @Splendicity
Will all limit orders be visible to everyone, the same as in CEX?
Geralt – CyberFi CEO:
Nope, they will be kept on the back-end, this is done against front runners.
Q – 4 from a telegram user @Splendicity
Are there mutual benefits between CYBERFI & UNISWAP?
Geralt – CyberFi CEO:
Def, we are like an App on top of Uniswap, where our platform provides a much more advanced approach to DeFi opportunities.
Q – 5 from a telegram user @Pratze
I found there is 2 similar project name on your website, one is “Cyberfi” and the other is “Cyber Round”, what is the difference between two of them? Can you please explain this to us?
Geralt – CyberFi CEO:
Cyber Round is just the name of the 2nd Round of the Tokens Sale.
Q – 6 from a telegram user @satoshingmxcom
Liquidity is the most important aspect that makes or breaks the value of an exchange. How can CyberFi solve this liquidity problem? So that users do not lose a lot of money due to non-permanent losses.
Geralt – CyberFi CEO:
We solve it through triggers that are used to launch automated strategies. The problem with DeFi right now – that it’s all manual, that just leaves the user with a lot of risks. Our platform is focused on risk mitigation.
Q – 7 from a telegram user @warny
I want to apply for the CyberFi Alpha Testers Event, has the limit of the first 50 testers been met yet or I can still join?
Geralt – CyberFi CEO:
Still possible to join.
Q – 8 from a telegram user @Termuxnih
So, can you honestly tell us the drawbacks of your project?
Geralt – CyberFi CEO:
We have a number of limitations right now due to the non-custodial nature of our Platform, but we are working on a v2 of the project that will make it even easier to use and more versatile.
Q – 9 from a telegram user @Xusuo
Cyberfi will be listing on Uniswap on 13th November 2020. Could you please tell me about the listing price for Uniswap?
Geralt – CyberFi CEO:
0.6$
Q – 10 from a telegram user @nzikak
Your medium post says that traders will be able to automate their farming strategies. Would this be by using some programming language or what?
Geralt – CyberFi CEO:
Our platform provides a UI akin to visual programming allowing users to create highly customizable automated events.
Part 3 – Quiz about DeFi project CyberFi
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ in cryptocurrency 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: CyberFi — Intelligent DeFi Automation Platform.