EVOdefi x Satoshi Club AMA Recap from 18th of May

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 EVOdefi and our guest was @evoAdam. The AMA took place on 18 May.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram community

Gold Rocket | Satoshi Club: Hello, dear community!

Mihai Pisica: Hello everyone here! Nice day today outside 😊

Gold Rocket | Satoshi Club: We are pleased to announce our AMA with EVOdefi

Mihai Pisica: Today our guest is @evoAdam

Gold Rocket | Satoshi Club: Today our guest will be @evoAdam

Mihai Pisica: [ 🤝 Sticker ]

Adam [Never DM First]: Hi everyone 👋

Mihai Pisica: It’s an honor for us, we are happy to have you here, how are you?

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @evoAdam!👋

We are very excited about the upcoming AMA, are you? @evoAdam

Adam [Never DM First]: I’m excited, @MihaiPisica! Satoshi Club is a great community and I’m impatient to share with you guys who we are, what do we do and what can you achieve with us at EvoDefi (https://evodefi.com/?utm_source=satoshiclub&utm_medium=ama&utm_campaign=defi)

Gold Rocket | Satoshi Club: Let’s start!

Mihai Pisica: Let’s rock it!

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & EVOdefi?

Adam [Never DM First]: I am head of marketing and representative person of EvoDef. I’ve been in crypto since the second batch of Avalon and went through almost all aspects of crypto world. Recently we saw an amazing opportunity to introduce to DeFi sector a truly sustainable yield farm which we are now.

Gold Rocket | Satoshi Club: you have a great background for this!

Adam [Never DM First]: EvoDefi (https://evodefi.com/?utm_source=satoshiclub&utm_medium=ama&utm_campaign=defi) is a cross chain yield farm with elastic emission, NFT Boosters and NFT Battles on Binance Smart Chain and Polygon (Matic).

Mihai Pisica: Quite experienced!

Gold Rocket | Satoshi Club:Tell us about the benefits of your yield farm. How is it different from others?

Adam [Never DM First]: And not only me – almost each member of our team has extensive experience with cryptocurrencies for a long time.

Gold Rocket | Satoshi Club: So… we would like to know about your team. Who is on the project team?

Adam [Never DM First]: Good question, @GoldRocket27. I have so many things to tell so sit comfortably, get yourself a cup of tea and listen ☺️🙏

Gold Rocket | Satoshi Club:

Mihai Pisica: Already!

Adam [Never DM First]: The game changer in yield farming that we introduced to this sector of DeFi is our Elastic Emission of reward token per block.

Classic yield farming projects have fixed reward per block count — amount of tokens minted per block. In other words reward emission is constant and doesn’t adapt to demand/supply correlation.

Evolution’s emission of reward per block is tied up to the price of the token — it speeds up when the price goes up and slows down when it drops.

When price stays in bounds of $10 to $100 farm will emit 1 GEN token per block.

When price drops below $10/GEN, emission of reward per block will drop proportionally. For example at $5/GEN emission will slow down to 0.5 GEN/block, at $2/GEN emission will be 0.2 GEN/block and so on

When price soars above $100/GEN, for example to $120 or $250— emission speeds up to 1.2 or 2.5 GEN/block correspondingly.

It’s as simple as that yet it protects community from abrupt price volatility.

Gold Rocket | Satoshi Club: Yes! it is quite obvious that this is a fairly simple but very original system👍

Mihai Pisica: Quite ingenious!

Adam [Never DM First]: We launched farms on April 9th and from being just a yield farm with innovative approach to protect native token from volatility – elastic emission – EvoDefi has turned into a growing cross chain platform which rapidly adds utility to its native token GEN making it truly deflationary. Within a span of 6 weeks our team has delivered a huge list of engaging features so loved by our community:

I know, right? I believe elastic emission is about to become new normal for every Yield Farm!

Gold Rocket | Satoshi Club: Which of these features are you personally most proud of? 😊

Mihai Pisica: The bounds should be moved forward! We should EVOLVE 🚀

Adam [Never DM First]: We don’t have favorites, all of them are our children =) Let me walk you through all of them!

– 8 levels of NFTs (https://evolution-bsc.medium.com/evolution-nfts-8ed5bc73a69f) that boost your farming APR (Annual Percentage Revenue)

Gold Rocket | Satoshi Club: Of course

Mihai Pisica: We have a question from community about it, if you want you can answer about it more detaliate to that one )

Adam [Never DM First]:

– Burn NFTs to boost your farming APR for another 50%

– Fuse NFTs to get one of a higher level

– Daily Evolution process where your NFT gets a chance to evolve and win you GEN prize!

Gold Rocket | Satoshi Club: it is very interesting! Should I start at level one? Or anyone?

Adam [Never DM First]: – Hatch Eggs, Breed, Fuse and trade Monsters NFTs

– Daily Monsters Battle (https://evolution-bsc.medium.com/nft-monsters-battle-a-guide-def3629e06b1) with a huge prize pools in native GEN token

– NFT Market (https://evodefi.com/nft/market) where you can buy and sell all your NFTs

Mihai Pisica: You have so many 😀

Adam [Never DM First]: – Expanded project to Polygon (Matic) network reaching out to new investors: evo-matic.com (https://bit.ly/2RkbK5n)

Adam [Never DM First]:

– BSC <—> Matic Bridge to transfer GEN Token and all your NFTs between networks

And finally – coming within the next 24 hours – Stable coin BSC <—> Matic Bridge with fees paid in GEN token

🥳🚀

Adam [Never DM First]: Team has grown from 5 to 11 professionals which explains how EvoDefi is able to reach roadmap’s milestones ahead of deadlines and deliver additional features as an unexpected bonus.

Team’s vision is to create secure, trustworthy, sustainable, interactive, easy to use, engaging and of course profitable yield farm that can offer more than that to any DeFi users.

Gold Rocket | Satoshi Club: Wow! 🥳 this is a very exciting!

Adam [Never DM First]: We are excited as well!

Mihai Pisica: I’m sure you will succed into it!

Gold Rocket | Satoshi Club: Thank you very much for the great intro! 👍

Adam [Never DM First]: 🙏

Mihai Pisica: Do you want to add something more or we can start the community curiosities?

Adam [Never DM First]: I could talk the whole day and that’s why better let’s see what Satoshi Club has to ask specifically 😉

Mihai Pisica: Ok, let’s do it!

Q1 from Telegram User @Pratze

I’m really excited since EvoDefi is a yield farm project base with monster breeding and possible to evolve the monster. But can you explain how to breed the monster? Does the monster have different types or rarity, how people judge if the monster good or not? Do you have link to guide or article about your monster breeding?

Adam [Never DM First]: We have an article on our Medium (https://evolution-bsc.medium.com/monsters-breeding-explained-9508d1d88da5) that explains it in details 😇🙏

Gold Rocket | Satoshi Club: I want to say that you are well prepared! 😁

What’s your personal favorite monster?😉

Adam [Never DM First]: Thank you! And in fact it was me who wrote that article 😁

Gold Rocket | Satoshi Club: Then I will definitely read it.😁👍

Mihai Pisica: “For example if you breed level 2 with level 4 then child can be level 2, 3 and 4 equally random” – this remember me the 12th class, the genetical equations! 😀

Gold Rocket | Satoshi Club:Did you study well? 😁

Adam [Never DM First]: I don’t have preferences and mostly try to look at the enemies setup before submitting my team to the battle. It helps to understand which monsters to take to have more chances on the battle field 😉

Mihai Pisica: I tried my best 😁

Adam [Never DM First]: Well, now you can use your knowledge 😁

Mihai Pisica: Can I give you one Idea? How about Cloning? 😀

Gold Rocket | Satoshi Club: Thank you very much for your answers! Do you want to add something? Or we can proceed to the next question?😁

Adam [Never DM First]: By the way, Monsters Battle is happening right now (https://bit.ly/3eYF8Hm)!

Yes, we can proceed.

Q2 from Telegram User @yellowchamp

I found out in your website that you offer Lootboxes to open for a chance to get NFT ,then we can Stake those NFT in your platform. So my question is, what kind of NFT is inside available to those loot boxes? Is the gas fee to be paid in claiming lootboxes is worth to pay for the NFT to be claimed in lootboxes? Is there a minimum of lootboxes to open each users? Is there a locked-in period when staking NFT in Evo Defi? How much the highest maximum APR while staking NFT in your platform? Thank you

Gold Rocket | Satoshi Club: and they are great 😍

Adam [Never DM First]: Indeed, NFTs (https://evodefi.com/nft) of different levels can be found in Loot boxes (https://evodefi.com/lootbox). Here are the chances to get each level:

1 lvl — 66%

2 lvl — 15%

3 lvl — 9%

4 lvl — 6%

5 lvl — 3%

6 lvl — 0.9%

7 lvl — 0.01%

To save on transaction fees we recommend opening loot box with 20 NFTs in it.

Yet if you want to open 1x lootbox it is still worth it. Fees on BSC are around $0.12 and on Matic $0.0001

There is no minimum lootboxes amount required to get and set your NFT once you open lootbox.

Once you stake your NFT it will appear in the top right corner.

You can click on it to see all your stats

Gold Rocket | Satoshi Club: Just a great detailed answer!

Adam [Never DM First]:

Our farms and pools have easy to read and to understand hints on how base APR is being improved by EVO bonus APR and NFT Burn Bonus

Gold Rocket | Satoshi Club: it really looks very convenient and easy for users

Adam [Never DM First]:

To get to the maximum APR you need to have Elon NFT and burn any NFT.

Okay, looks like all aspects of this questions are answered =)

Gold Rocket | Satoshi Club: GEN Elon..😂

Adam [Never DM First]: 😅

Gold Rocket | Satoshi Club: then I suggest jumping to the next question😉

Q3 from Telegram User @andrey_seleznov

Could you please tell us what the differences are between evodefi and evo-matic if any? Why did you decide to create two separate sites vs just expanding the bridge to different assets and keeping Evo on one chain, what are the benefits of this approach? Thank you

Adam [Never DM First]: Expanding to Matic is a strategic move. Not only it allowed us to reach Matic community and become visible on radars of new investors but also we can provide additional utility to our token by introduction Stablecoin BSC <-> Matic Bridge with fees paid in GEN.

Temporary difference is that Monsters Battles on Matic will be launched soon. Currently Battles are available only on BSC.

Other than that Matic is faster, more stable and offers transactions at ridiculously cheap fees!

Mihai Pisica: Excited and waiting for that! 🤩

Do you have plans for more chains than Matic and BSC?

Adam [Never DM First]: 🥳🚀

Gold Rocket | Satoshi Club: Еverything is clear to me on this answer! Thank you so much! ready for the next question? 😊

Adam [Never DM First]: More chains will come for sure later and now we are focused on delivering what’s on our Roadmap.

Yep!

Mihai Pisica: Ok, let’s move

Q4 from Telegram User @Highpee

Your projects have been active on the BSC chain since launch but 6 days ago, you announced that you are now live on MATIC. What was the motivating factor behind your preference for MATIC network and what benefit will this provide to the evolution ecosystem? Do you plan consideration for other chains? In addition, you said that the GEN token on BSC and the one on the Matic network are different by nature and will never be identical. Wouldn’t this create a pricing confusion and lack of token uniformity especially when a user intend to bridge these tokens? In what way will the elastic emissions rate, pools yield and farm on the BSC be affected by this integration?

Gold Rocket | Satoshi Club: partially disclosed😊

But I’m sure you have something to add😉

Adam [Never DM First]: We don’t have preference for MATIC over BSC and vice versa. We’ve just expanded and now we can offer both. As I stated above for GEN it will add additional deflationary aspect in the form of fees for Bridging GEN, NFTs and soon Stablecoins.

As there is Bridge now price is being balanced organically by the market.

Gold Rocket | Satoshi Club: Indeed! Thank you very much for your answers! ready for the next question? 🚀

Adam [Never DM First]: To understand how does Bridge work which will answer to the lack of uniformity (there can’t be uniformity in two different universes – BSC and MATIC) please read my article (https://evolution-bsc.medium.com/evolution-is-live-on-polygon-2100a6802e0f) that should asnwer to this.

Gold Rocket | Satoshi Club: You have a great library of articles! 👍

Mihai Pisica: Thanks mate, I’m sure this one should explain all the unclear staff )

Gold Rocket | Satoshi Club: This makes life much easier for the user.

Adam [Never DM First]: Elastic emissions rate, pools yield and farm on the BSC were and will continue to be affected by this integration not any different than twits of Elon Musk.

💪😎

Yes!

Mihai Pisica: Can we shot the next question?

Adam [Never DM First]: Yes

Q5 from Telegram User @victorogb

EVOdefi priding itself as the next generation yield farm with transparent and revolutionary features cutting accross different chains (presently BSC and Polygon), one should expect that the first time investor or user should have an idea of the projections and long term strategies to achieving this and more. Consequently, after careful research on the available EVOdefi platforms (official website and SM channels), I couldn’t find a concrete information on the roadmap and future projections of the project. Therefore, can you carefully share the roadmap of EVOdefi, and what major events and partnerships with projected timelines, should investors and the community eagerly anticipate?

Gold Rocket | Satoshi Club: OMG! Нis tweeter is stirring up the crypto community 😁

Adam [Never DM First]:

Here is our roadmap.

By the end of 2021 we want to offer to DeFi users a place to:

1) swap

2) bridge

3) play

4) create and trade NFTs

5) stake and earn

6) launch DeFi projects

7) find a job or contractor on DeFi related jobs platform

And so much more! 🚀

Join Evolution today and Evolve with us! 😉

Mihai Pisica: Hahaha, I will “steal” this design! Something new with the evolution chart of the human race

Gold Rocket | Satoshi Club: You have grandiose plans! and it’s an amazing! 🚀

Adam [Never DM First] ; Yes, we are ambitious and non-stop hardworking team 💪

Mihai Pisica: I saw there you want to open 3 offices: Tallinn, London and Singapore. How many do you have by now?

Adam [Never DM First]: Just one. It all starts small. And 6 weeks ago I wouldn’t believe we’d get that far! So excited for our team! 🥳🚀

Mihai Pisica: Congratulations! Big step therefore )

Do you want to add something more or we can move further?

Adam [Never DM First]: Let’s move further

Q6 from Telegram User @cryptofollower

On your NFT market I can see 8 NFT’s right now. Are you going to add more NFT’s or different kind of NFT package there in the future? Also how Fuse NFT feature works? It says add 4 identical nft and get +1 lvl. How long does it need to be staked? How many lvl are there? Could you please explain your NFT’s?

Adam [Never DM First]: We don’t want to limit ourselves by any specific number of NFTs and just on type of NFTs. In the future we might want to introduce new ones yet currently we are focused on delivering what’s on our Roadmap.

Exactly – to fuse you need to deposit 4 NFTs of the same level and Fuse them into 1 NFT that will be of the next level.

More about NFTs here (https://evolution-bsc.medium.com/evolution-nfts-8ed5bc73a69f) 😉

Let’s move to the questions from TG community 😉

Part 2 — live questions from the Telegram community

Q1 from telegram username @highpee

I saw your plan to implement a HR Platform which will focuses on JOB SEARCH/POSTING. Is this expected to function like a blockchain based job listing portal where employers of Labour will advertise job positions for interested job seeker to apply? When will this launch and what will be the procedure to get started?

Adam [Never DM First]: Hi, Johnny. Perfect question is the one that has the answer within it. You’ve answered to your own question leaving me with just a few things to add. You can expect it to launch not earlier than mid July and up to late August. There is no specific launch date yet. One thing I know for sure – fees will be paid in GEN token 😉

Q2 from telegram username @RevanthKelam

How can a newbie get to know about all features in EveDefi? Will it be tough to know abt all the features or do you have any easier way to let them know?

Adam [Never DM First]: This is a great question. For now we educate new investors with the set of articles on Medium. We plan to start our youtube channel and to post detailed video tutorials. I believe nowadays wathing video instructions is easy and faster to process.

Q3 from telegram username @RevanthKelam

Can you tell me 5 Unique Reasons why should one choose EvoDefi over other platforms?

Adam [Never DM First]: 1) ambitious and hardworking team

2) elastic emission that protects from price volatility

3) enhancement of APR with NFTs that can be traded

4) Monsters Battle with significant prize pools

5) crosschain

Q4 from telegram username @cryptofollower

When you transfer GEN from BSC to Matic Bridge will send you 0.001 Matic to let you pay transactions fees on Matic Network. You have bridges between Polygon and BSC named EVO Bridge, NFT Bridge and Monsters Bridge. Could you explain the differences and usecases of these bridges? And could you please explain how it works?

Adam [Never DM First]: Three bridges are needed to transfer tree different items. GEN token, NFTs and Monsters NFT correspondingly.

Bridge is a smart contract that has equal amount of tokens on each side of it. When you send token from one network to another you are basically sending your token to Bridge and it locks it. Then Bridge sends token of the other network to your address.

Initial state

[1 GEN BSC : 1 GEN MATIC]

Send 1 GEN to Matic

1 GEN BSC -> [1 GEN BSC : 1 GEN MATIC]

[2 GEN BSC : 1 GEN MATIC]

[2 GEN BSC : 0 GEN MATIC] -> 1 GEN MATIC to your address

Q5 from telegram username @Mrwager

Q..”Finding investors has been difficult, keeping investors is even more difficult, so what strategy does You have enough to make investors trust and go a long way with Your project?”

Adam [Never DM First]: Our current strategy is to constantly deliver new functionality and follow roadmap. In crypto world expecially yield farm project has no trust by definition. People come, make money and run. We’ve past that stage and now we have strong loyal community which know where we are headed and follows us based on our constant hard work.

Q6 from telegram username @Sumione

Why you choose to be anon ? don’t you like to be public?

Adam [Never DM First]: Deanon will come at specific time and will be aligned with other big release to amplify effect 😉

Q7 from telegram username @Xusuo

Do EvoDefi have feature for burn system? How is burn system for your token and NFT? Do your monster also possible to have burn system?

Adam [Never DM First]: We constantly burn GEN token manually but except of that it is being taken out of circulation by alll our Deflationary Mechanisms such as prices for lootboxes, evolution process, bridge fees, monsters breeding, NFTs fuse and others. We aim to reach balance between emission and locking/burning by the end of this year!

Q8 from telegram username @atillayeni

How many people on your team right now and do you plan to increase the team?

Adam [Never DM First]: Currently we are a team of 11 professionals: 5 developers, 2 marketers, 2 designers and 2 graphical artists. We plan to expand team of our developers to keep our non-stop development going with more power 💪🚀

Q9 from telegram username @Rostelix

How are you planning to stabilize the price of the BSC-EVO and MATIC-EVO Coins? is this all according to your plan which will be toward a better future for the project?

Adam [Never DM First]: Price is already stibilized by market through Bridge.

Q10 from telegram username @nitrogenpower

Why should I burn my NFT’s? Won’t it mean that I’ll loose my NFT’s?

Adam [Never DM First]: On the one hand you will use your NFT and on the other – get 50% boost to your APR for some period of time.

1 lvl — 1 hour

2 lvl — 2 hours

3 lvl — 5 hours

4 lvl — 11 hours

5 lvl — 24 hours

6 lvl — 50 hours

7 lvl — 120 hours

8 lvl — 300 hours