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 Y-5 Finance and our guest was . The AMA took place on the 10th of February
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&WebSite
Mary | Satoshi Club
Hello Satoshi Club! We are happy to announce our AMA session with Y-5 Finance! Welcome to Satoshi Club
Our guest today is @Brady5token
Mary | Satoshi Club
Welcome to Satoshi Club
Bradly (WILL NEVER DM FIRST)
Hello everyone!
Pavel P
Welcome to Satoshi Club!
How are you going today?
Mary | Satoshi Club
Hello, Bradly
Bradly (WILL NEVER DM FIRST)
Very well thank you, how are you?
Thank you for hosting us.
Mary | Satoshi Club
We are great and are so excited to have you here today ,let’s start our AMA
Pavel P
We are excited to see you here!
Let’s go!
Mary | Satoshi Club
And as usually we will start it with introduction
Could you please introduce yourself and tell us more about Y-5 Finance
Bradly (WILL NEVER DM FIRST)
Hello everyone and thank you for giving us the opportunity to tell you about Y-5.
The core team has been investing in cryptocurrencies and ICO’s for a long time and the idea and vision for Y5 was born from trying to enable people to earn rewards by investing in a safe, secure and regulated environment where only the highest calibre projects that pass through our stringent DD will be able to launch on our exchange.
We want to remove the process friction to buying and investing and bring DYOR all into one centralized exchange with a long-term view to create the gold standard processes for ICO projects.
The core team consists of:
Bradly
Bradley is responsible for the roadmap, innovation and overall delivery of utilities of Y-5. After serving in the British Armed Forces he left to work as a financial analyst, eventually working up to a financial trader in the City of London, then latterly moved into crypto currencies and innovative blockchain technology. Bradley works closely with Adam and Stewart to ensure Y-5’s success in becoming the first regulated tokenomics exchange.
Stewart
Stewart is responsible for setting vision, strategy and governance for Y-5. He served in the British Armed Forces before moving into the private security and intelligence industry — ultimately transferring his skills to the risk, intelligence and regulatory compliance sector. He co-founded a successful compliance, risk & technology business that designed, built and deployed solutions for the global financial sector. He is a Freeman & Liveryman of the city of London.
Adam
Adam is responsible for the strategy around daily operations and governance for Y-5. Starting his career in the British Armed Forces, he developed a deep understanding of the importance of accurate, real-time intelligence — and its game-changing potential when applied in the right ways to the right challenges. The Military left Adam with military-grade attention to detail, helping him to both co-found and grow a technology business with Stewart. Adam is a Freeman of the city of London.
Dave
Dave is responsible for our technology and oversees our extensive development team. He has worked in the technology industry for over 20 years, most of which has been spent in senior leadership roles helping develop technology in the financial and insurance sector. He is a cryptocurrency, blockchain, and Defi enthusiast managing a great team of developers from all backgrounds, to ensure the delivery of the ambitious Y-5 roadmap.
Links :
https://poocoin.app/tokens/0xcbd8aece0c920eef3f215ad4e7319052bd8eaa74
Pavel P
What an impressive experience for everyone evolved!
Mary | Satoshi Club
How old is Y-5 Finance project? What was the most difficult part of its launch process?
Bradly (WILL NEVER DM FIRST)
Y-5 launched at the end of December. The hardest part has been building up trust within the community. However, as a core team, we believe we have built a strong, vibrant community.
We will continue to build on this and continue to exceed expectations.
Mary | Satoshi Club
Yes, i see! Your community is very active! You built excellent communication
Pavel P
For the project that has just started you have a very active Telegram community!
Bradly (WILL NEVER DM FIRST)
Communication is key for Y-5.
Mary | Satoshi Club
Also, you told us about your team and i want to ask you if you’re public? If no, can you tell us the reason for this
Bradly (WILL NEVER DM FIRST)
Yes, the team is fully public. We also hold video AMA’s on our channels.
You can see the team here:
Mary | Satoshi Club
Wow, that’s awesome! Not so often now
Pavel P
That is another key to build trust with the public!
Mary | Satoshi Club
Bradly, thank you for your great intro! Do you want to add something or we can start with the questions from our community, which we choose for the 1st part?
Bradly (WILL NEVER DM FIRST)
Our main objective is to achieve a fully regulated tokenomics exchange. Full communication and transparency are a must for us.
I am happy to move onto the questions.
Thank you.
https://poocoin.app/tokens/0xcbd8aece0c920eef3f215ad4e7319052bd8eaa74
Pavel P
Thanks! Let’s see the questions then!
Pavel P
Q1 from telegram user @iceVermithraxx
The majority of DeFi tokens have a fixed reward system but I noted that the Y-5 smart contract protocol fosters what is known as “reflections”, a concept that Y-5 will take further by offering five reflections, and ultimately offering the holder to choose which tokens they wish to get reflections in. Can you fully elaborate for clarity on the concept of “reflections” in Y-5 and how it works? Can you also explain on the five different reflections which Y-5 will offer to its token Holders? Lastly, can you share on some of the tokens in Y-5 which Holders can choose to get their reflections in?
Bradly (WILL NEVER DM FIRST)
At the moment Y-5 offers 13% in BUSD to its holders. 13% is taken in Y-5 tokens per transaction. The contract sells the Y-5 tokens once sufficient tokens have been built up. The contract then sells the tokens and converts them into BUSD and distributes them to all the holders. Reflections are based on volume and the amount of reflections you receive is based on your holding.
The custom reflection dashboard that will be released in Q2 will allow holders of the Y-5 token to customize the reflections, choosing up to 5 cryptocurrencies and receiving 2.6% rewards per currency. Holders will be able to do this by uploading the contract address of their chosen reflections on the custom reflection dashboard.
The volume of the token will be sustained by driving revenue from the tokenomics exchange into the Y-5 token.
Pavel P
Are there any preferred currencies among those 5? Or there are no limits on which to choose?
Mary | Satoshi Club
Are you fully pleased with current system? Do you allow any changes in interest or currencies?
Bradly (WILL NEVER DM FIRST)
As it stands, it will be any coin/ token with a BSC address.
Bradly (WILL NEVER DM FIRST)
We are happy with the current system, but we have an ambitious road map that we will achieve. So this is just our starting point.
Pavel P
Thanks for clarifying this! Ready to see the second question?
Bradly (WILL NEVER DM FIRST)
Yes, we are ready!
Pavel P
Q2 from telegram user @Meta_MateX
Y-5 Finance is dedicated to a democratic governance model claiming that it will propagate on-chain transactional fees by assigning the accumulated funds to token holders based on their current wallet holdings. Holders will be able to claim their rewards through the reward dashboard, which will launch in line with the token. So, should the token holders stake original token or it is enough to hold it on the connected wallet? How the reward system itself will functionalize – the rewards are done in original token or any other token airdrops? Thanks in advance!
Bradly (WILL NEVER DM FIRST)
The 13% rewards are distributed automatically, however, holders can claim manually from the current dashboard. Once our V2 Custom reflection dashboard is live holders will also receive their rewards automatically and have the choice to claim manually.
Pavel P
If claiming manually, do you apply additional taxes in this situation?
Bradly (WILL NEVER DM FIRST)
No, but you will be required to pay gas fees if you claim manually.
Mary | Satoshi Club
Do you have or plan to have any lockup periods?
Bradly (WILL NEVER DM FIRST)
No, we do not lock any rewards. They get distributed to the users automatically.
Pavel P
That’s what the users like to hear!
Mary | Satoshi Club
Gotcha! Thank you for your answers! I believe your community enjoy their rewards
Mary | Satoshi Club
Ready to go to the next question?
Bradly (WILL NEVER DM FIRST)
Yes, currently we have paid out just over 2.4M in just over a month!
Bradly (WILL NEVER DM FIRST)
Yes please!
Mary | Satoshi Club
Wow
Pavel P
Q3 from telegram user @V1ct0r_26
Hello, Y-5 Finance’s Team!
I saw that Y-5 Finance has been built on the BSC, however I noticed that you have plans of creating your own chain, called the Y-5 Chain, but when it comes to it, I couldn’t find any information about it. So, could you please give us more details about this future Y-5 Chain? Do you plan to make it as a parachain of BSC, or as a whole independent blockchain? Whatever might be the case, please give us more information about it, and what expectations do you have for it? What do you aim to fulfill and achieve with Y-5 Chain? What will it’s main use cases be? And what benefits will it provide to users that other chains can’t provide to them? Thanks.
Pavel P
Wow!
Bradly (WILL NEVER DM FIRST)
The Y-5 will be a fully self-sustainable blockchain, we are still in the R&D phase of the Y-5 chain and have not yet gone firm on all the fine details. However, the use case will be surrounded by tokenomics projects that have real utility to sustain volume. Creating A Y-5 chain will also allow us to lower our transactional fees, making tokenomics more lucrative and cheaper to run. The chain will also have the capacity to manage cross-chain assets.
We will be posting more information once our exchange is live. We will then migrate all of our utilities onto our own blockchain.
https://poocoin.app/tokens/0xcbd8aece0c920eef3f215ad4e7319052bd8eaa74
Pavel P
Has this milestone been added to your roadmap?
Bradly (WILL NEVER DM FIRST)
Our roadmap is constantly evolving. We are now a DAO so we are constantly moving forward with exciting utilities. Including the 1st version of the exchange launching in 5 weeks!
DAO: https://snapshot.org/#/y-5.eth
Mary | Satoshi Club
Own blockchain also requires a big number of users or it won’t be functional, what actions do you plan in this direction? Any marketing plans?
Bradly (WILL NEVER DM FIRST)
We have huge marketing plans. Our online presence is growing daily, and we have also lined up alternative marketing. More to follow on the alternative marketing in the coming weeks!
Mary | Satoshi Club
Super
Mary | Satoshi Club
Thank you for your answers! Ready to go to the next question?
Bradly (WILL NEVER DM FIRST)
Yes please!
Pavel P
Q4 from Telegram User @thisistoyin
I saw that Y5 Finance Carried out A Loyalty Program weeks ago which Stated that “If you buy the Y-5 token before the 15th January 2022 and hold them until the custom reflection dashboard. You will be eligible for the 10% airdrop, and the 10% airdrop tokens currently have a value of over $3M USD., knowing that this Opportunity has already elapsed, i would like to know if you have any Intentions of Hosting another LOYALTY PROGRAM for most people who weren’t Aware and Opportune enough to participate in the Airdrop. What other incentives do you have in place to futher Encourage and Motivated new Users in Participating in your ecosystem in other for you to boost Your Community? Thank you
Bradly (WILL NEVER DM FIRST)
Yes, that is correct.
We do have another loyalty program coming out shortly, this will include the launch of our stable coin and governance token. Allowing holders to drive the direction of Y-5.
More information is to come out shortly on this.
https://poocoin.app/tokens/0xcbd8aece0c920eef3f215ad4e7319052bd8eaa74
Mary | Satoshi Club
So, you plan your own governance can you tell us more about your governance system? How it will work? Which proposals will your members be able to vote?
Bradly (WILL NEVER DM FIRST)
The governance token will be rewarded to holders based on their holding size. Holders will then be able to vote and participate in major decisions in line with the DAO. The governance token will also be a reward for participation in the growth of Y-5 and dedication to Y-5’s success.
We will be releasing more information on this before the exchange release in 5 weeks.
Mary | Satoshi Club
So, in simple words you will airdrop your gov token to Y-5 holders soon?
Bradly (WILL NEVER DM FIRST)
Yes.
Pavel P
Satoshiclubbers, please join Y-5 Finance Telegram group to keep up with the updates!
Mary | Satoshi Club
Great!
Thank you for your answers! Ready to jump to the next question?
Bradly (WILL NEVER DM FIRST)
Yes please!
Pavel P
Let’s proceed to the 5th question!
Pavel P
Q5 from Telegram User @Highpee
Recently, you announced the hiring of a part-time marketing manager and also hired a freelancer to develop a P2E game for your ecosystem use. Since it appears these individuals are drafted in to work on a particular project area on a temporary basis, can you explain why this is so and how you will ensure that these individuals will be able to deliver in corporate brand building? Rather than going for a freelancer to develop critical aspect of a project such as a play-to-earn game, Why are talented users not drafted to be part of the permanent core members of the team or don’t you think such professional services will always be required throughout your project life? Also, who are the ones directly in the driving seat of this project and what are their core competencies?
Bradly (WILL NEVER DM FIRST)
We have a full-time team of developers and we have allocated the in-house resources to focus on building our exchange, which is live in 5 weeks.
We also have a full-time marketing manager, however, the main bulk of our SMM is outsourced to a well-known agency however, as we grow we will be looking to bring everything in-house.
We also outsource the smaller utilities if needed, this way we can spend the capital of bringing in top talent to build our more serious utilities that will ultimately drive our growth.
Pavel P
A great team is a key to success as we have seen it before multiple times!
Mary | Satoshi Club
Cool! But what about game? When do you plan to launch it? As i see you want to launch many products – own governance, stablecoin, blockchain, P2E game…
You need to have quite big team and to be well-funded to keep all promises
Bradly (WILL NEVER DM FIRST)
Yes, that is correct. We are building an all-in-one solution for all crypto enthusiasts!
Mary | Satoshi Club
Do you have any private investors?
Bradly (WILL NEVER DM FIRST)
Our team are very well known in the Fintech/ Regtech space.
The team are very well funded. The core team has and will be financing the project until it reaches a state of self sustainability.
Mary | Satoshi Club
Oh, that’s nice
Mary | Satoshi Club
Thank you for your answers! Ready for the 6th and last question from this part?
Bradly (WILL NEVER DM FIRST)
Yes please!
Pavel P
Q6 from Telegram user @MudaraSilva
Although you have mentioned that long-term holders can use your platform for long-term profit-making, I could not find any information on your long-term plans. Don’t you have a roadmap? What are your short term and long term goals? In addition to purchasing and holding your tokens, what are the other methods that users can choose to earn a long-term passive income?
Bradly (WILL NEVER DM FIRST)
The core team has just sat down with regulators in Gibraltar. The main focus of this was to make sure our roadmap would be accepted in a regulated environment before publishing. Our main utility will be a regulated tokenomics exchange with a Y-5 launchpad installed and all self-sustained on the Y-5 chain. We will be bringing out the following:
– Fully regulated tokenomics exchange
– Launchpad, with the main raise done in our stable coins
– NFT marketplace
– Y-5 Chain
– P2E games
– DAO
– 2X stable coins Y-5GBP and Y-5USD
https://poocoin.app/tokens/0xcbd8aece0c920eef3f215ad4e7319052bd8eaa74
Mary | Satoshi Club
Exciting news! And i am sure you are very careful with your security, right?
Do you have any audits?
Bradly (WILL NEVER DM FIRST)
Yes, we are have outsourced a blockchain security company to oversee all of our upcoming releases.
Yes, we currently have a contract audit. This can be seen in our TG group: https://t.me/Y5TOKENOFFICIAL1
Mary | Satoshi Club
Can you share it in our group?
Bradly (WILL NEVER DM FIRST)
https://www.coinscope.co/coin/y-5/audit
Pavel P
Thank you for your great answers during this 1st part of our AMA!
Mary | Satoshi Club
I see you have 5 minor issues, is everything ok with them now?
Bradly (WILL NEVER DM FIRST)
Yes, we have resolved all issues.
Mary | Satoshi Club
And do you plan any more audits in the future?
Bradly (WILL NEVER DM FIRST)
We are in the process of becoming a regulated exchange. All of our software and contracts must be externally audited as part of the regulatory process.
Mary | Satoshi Club
Thank you for this great first part of our AMA! Live part is close now
Mary | Satoshi Club
Are you ready for it?
Bradly (WILL NEVER DM FIRST)
Yes, lets go!
Mary | Satoshi Club
Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Crypto_84
Your aim is to achieve Fully regulated tokenomics exchange, how will you to move in this market to achieve that?Can you discuss your full plan?
Bradly (WILL NEVER DM FIRST)
Thank you, everyone, for your questions, as I can only reply to 10. please join our TG and we will aim to answer all of your questions. We also hold regular video AMA’s with the team.
Our team consists of well-respected individuals in the regtech space. We are leveraging their existing suite of technology that we will implement into our exchange and their expertise to deliver on this.
Q2 from Telegram user @iam12312
How supportive has been Gibraltar’s Government towards new Crypto the innovative Projects as well as Y-5 token?
Bradly (WILL NEVER DM FIRST)
Very! As tokenomics is in its infancy, Y-5 will lead the way and set the regulatory framework for tokenomics tokens with real utilities that feed in to the tokens to maintain volume. Again, our advisory board are very well connected in Gibraltar, allowing us to sit down with the right people.
Q3 from Telegram user @krish_crypto22
If anyone wants to to choose the reward in any BSC token,
Will it be possible?
Bradly (WILL NEVER DM FIRST)
Yes, in the V2 custom reflection dashboard holders will be able to get reflections in any BSC token.
Q4 from Telegram user @ShaLiPon
I noticed that your project appears to be vulnerable to a variety of attacks. What steps will you take to ensure that this doesn’t happen again in the future?
Bradly (WILL NEVER DM FIRST)
Like most projects, we have come under many attacks in the early phase. The team has been very proactive in our response and will not tolerate any attacks. Any suspicious behaviour on our token is blocked automatically. We have and will continue to overcome any form of attack and FUD by proving ourselves time after time. We have our first version of the exchange releasing in 5 weeks!
Q5 from Telegram user @Sulyvahn_DS
Why the Y-5 Name does it have meanning and what are the Y-5 chain advantages and innovations ?
Bradly (WILL NEVER DM FIRST)
Y-5 stands for Yield 5.
As our custom reflection dashboard will allow holders to claim reflections in 5 different tokens. As well as create numerous income streams through staking etc.
Q6 from Telegram user @Manolo_Mandola
What is the upcoming features including in your Platform ?
Have you take any actions towards the fake token sellers or not ?
Bradly (WILL NEVER DM FIRST)
All tokens that launch on our launchpad and exchange will be fully vetted by our stringent due diligence process. Creating a safe environment for all crypto enthusiasts.
We will also be adding numerous features into our exchange to make investment decisions easier, for example we will have a sentiment tool aggregating all information on a given project and scoring the sentiment and risk of the project.
Q7 from Telegram user @leixagarcia
Unfortunately most of the projects currently using reflection mechanisms are meme currencies and don’t have a solid business model. Do you have a solid vision and real applicability for the blockchain ecosystem more than just giving income to holders?
Bradly (WILL NEVER DM FIRST)
Yes, a % of the revenue from the exchange will be pushed into the Y-5 token for a buyback and burn. This will happen daily and automatically.
Meaning the volume of the exchange will drive into the Y-5 token giving our holders lucrative rewards. We also have many use cases for the Y-5 token in the NFT marketplace and on the exchange.
Q8 from Telegram user @Tukyo223
Give us a detailed idea about your project! And give your opinion
Bradly (WILL NEVER DM FIRST)
My opinion… we are the new standard in DeFi and will lead the way for the future of tokenomics.
Q9 from Telegram user @soyestefanya
What are the benefits for me and other investors in the short and long term by investing in this interesting project?
Bradly (WILL NEVER DM FIRST)
By investing in our project, you are joining a great community and extremely credible team who has the funding and connections to become the first regulated tokenomics exchange with a built in launchpad. We are committed to the delivery of the Y-5 eco system.
Q10 from Telegram user @Zohaya
Could you tell us a little bit about some of your business associates? What sets Y5 Finance apart from the rest?
Bradly (WILL NEVER DM FIRST)
Our business associates run a very successful regtech and fintech company. You can check them out here:
https://www.albanygrp.com/
You can also read their profiles on our website:
https://www.y-5.finance/
Thank you everyone for your questions and I was only allowed to answer 10 here. So if you head over to our TG group we will aim to answer all of your questions there:
Thank you!
Part 3 – Quiz Results
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.
For more information and future AMAs, join our Social Media channels:
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Telegram –https://t.me/Y5TOKENOFFICIAL1
Medium –https://medium.com/@support_41700
WebSite – https://www.y-5.finance/
Twitter-https://twitter.com/Y5Token1