Citrix DeFi x Satoshi Club AMA Recap from October 15

Citrix DeFi

Today we would like to tell you about the AMA session with our friends from Citrix DeFi. The AMA took place on October 15 and our guests @Deborah_CDFX @johnrichards_cdfx

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS.

Mary | Satoshi Club: Hello again๐Ÿ˜‰, Satoshi Club! We are happy to announce our AMA session with Citrix DeFi! Welcome to Satoshi Club๐Ÿ˜€

D. | Satoshi Club: hello Satoshi club! and @Deborah_CDFX @johnrichards_cdfx hello guys!

Mary | Satoshi Club: @Deborah_CDFX @johnrichards_cdfx you are welcome ๐Ÿ˜ƒ

Deboray Jay | CitrixDeFi: Hello

Mary | Satoshi Club: Hi, how are you)

John Richards | CDFX: Hello thank u ๐Ÿ˜Ž

Deboray Jay | CitrixDeFi: Good, nice to be here.

Mary | Satoshi Club: So, could you, please, introduce yourself and how did you start with Citrix DeFi?

Deboray Jay | CitrixDeFi: I am Deboray Jay CTO of CitrixDeFi project and I am in the crypto space since 2014.
I have worked with several blockchain-based projects in recent years and at present, I am working with CDFX . My main area of work is a development thatโ€™s the short intro about me.

Deboray Jay | CitrixDeFi:
CitrixDeFi Protocol Social

Media Links:

Website link : CitrixDeFi.com

White paper :http://citrixdefi.com/CitrixDefi__WhitePaper.pdf

Facebook : https://www.facebook.com/Citrix-DeFi-114365207074003/?modal=admin_todo_tour

Twitter : https://twitter.com/citrixdefi

Instagram : https://www.instagram.com/citrixdefi/

Medium : https://medium.com/@citrixdefi

Reddit : https://www.reddit.com/user/citrixdefi

Telegram : https://t.me/citrixdefi_chat

Telegram Announcement :
https://t.me/citrixdefi_announcement

PreSale link :
https://citrixdefi.com/cdfx_presale/

Staking Dapp:
https://citrixdefi.com/citrixDeFi.stake/

Whitelist :
https://docs.google.com/forms/d/e/1FAIpQLSctSdzI3Mgt3gc9EkS1G3ELnRMJyYcN8171q789ReYsr7Rd_Q/viewform?vc=0&c=0&w=1&flr=0&gxids=7628

Deboray Jay | CitrixDeFi: These are CitrixDeFi Protocol links

Mary | Satoshi Club: Thank you) nice intro) why you choose to join Citrix DeFi?

John Richards | CDFX: Am CEO CitrixDefi is a Full-stack developer and blockchain engineer.
6 Years AWS expert,
6 Years of trading experience in crypto & Entrepreneur

Mary | Satoshi Club: Oh, good experience in all fields you need to build great DeFi)

Deboray Jay | CitrixDeFi: The idea of CDFX comes when we saw traders and investor loses their money time and again due to various factors such as non-regulatory nature of Crypto and the fud comes with it. The huge volatility in the market and various nonperforming crypto projects. So CDFX is a solution to all this and makes the best income for its investors.

D. | Satoshi Club: Great! looks like you guys experienced in crypto.

John Richards | CDFX:
yeah ๐Ÿ˜Ž & blockchain technology is actually our passion๐Ÿ‘จโ€๐Ÿ’ป

Mary | Satoshi Club: Thank you for intros) And are you ready for the questions from our community?)

Deboray Jay | CitrixDeFi:
Yes.. even I invested in more than 25 Blockchain projects before Coming to CitrixDeFi Protocol.

Mary | Satoshi Club: Oh, 25 is a good number)))

Deboray Jay | CitrixDeF: Yes..hope it will be a fun and learning session.

Mary | Satoshi Club: Sure๐Ÿ‘

D. | Satoshi Club: let’s goooo! Q1 from bitcointalk user pedronino @xaviermaya on Telegram
Citrix is another project which offers lending and borrowing. Why would I use your platform instead of Celsius for example? Also, you have added inter-platform liquidity. Does it mean that I can put liquidity on many platforms just through your app?

Deboray Jay | CitrixDeFi: Yes. CitrixDeFi, a decentralized protocol for peer-to-peer and inter-platform lending and liquidity is an open-source Ethereum based protocol. It is built to allow lending and pooling of digital assets. It comprises inter lending, and inter liquidity protocol.

ETH to ETH- The fees between ETH swap, lending, and providing liquidity depends on the inter- DeFi charges and the Citrix protocol. The Citrix protocol charges 0.1% for every ETH lending, liquidity, and swap fees on the platform. on the other hand, it charges 0.05% for inter-protocol services.
ETH to ERC20
ERC20 to ERC20
ERC20 to other digital assets
Digital assets to digital assets.

Deboray Jay | CitrixDeFi:
Next, please.

Mary | Satoshi Club:
Ok, @Cool_as_Ice )

D. | Satoshi Club:
Q2 from bitcointalk user let098765 @jobel4 on Telegram
Can you explain the difference between collateralized lending protocol from the uncollateralized lending protocol? How will Citrix Defi consider differently this kind of lending protocol? Is this available for everyone?

Deboray Jay | CitrixDeFi: Lending on CitrixDeFi. ๐Ÿง‘โ€๐Ÿ’ผ
The Citrix DeFi lending protocol allows collateralized and uncollateralized lending of digital assets enabled on the platform. However, the lending protocol starts from collateralized lending before the non-collateralized lending at a later Citrix DApp version. ๐Ÿ‹๏ธโ€โ™€๏ธ

Citrix DeFi

John Richards | CDFX: ๐Ÿ˜ŽYes the difference With a secured loan, the bank will take possession of the title of the assets that are being used as collateral for the loan. This may include a home, car, investments, or other assets that can be converted to cash. With an unsecured loan, there is no collateral provided for the loan.๐Ÿ‘จโ€๐Ÿ’ป

Mary | Satoshi Club: So, but is this safe? For Citrix?

Deboray Jay | CitrixDeFi: Of course, it’s Safe. We launch with full security features.

John Richards | CDFX: Yes it’s Safe โ˜บ๏ธ

Mary | Satoshi Club: But from the beginning, you will give collateralized loans, yes?

Deboray Jay | CitrixDeFi: Yes.

D. | Satoshi Club: like what features? )

John Richards | CDFX: CitrixDeFi is planned and envisioned to be one of the safest platforms which has the below security protocols in place:
Web application security (OWASP Top 10)
Internal penetration testing, risk and vulnerability management
The secure data center which follows โ€“ ISO 27001, SOC1 and SOC2/ SSAE 16/ ISAE 3402/ PCI Level
1/ Sarbanes โ€“ Olexy (SOX), FISMA Moderate.
Security filters and Web server application firewall protocols
Isolated Database Environment
EV Certificate SSL/HTTPS + HSTS
Strong Password protection with mandatory 2-Factor Authentication (either SMS or Google
Authenticator as per user choice)
Usage of modern hashes (Argon2i, bcrypt, scrypt, or PBKPF2) to store system Keys and passcodes
Data encryption using AES-256 encryption

D. | Satoshi Club: Good. thanks for clarifying!

Mary | Satoshi Club: Does anyone made your smart-contracts audit? To be fully sure it’s secure?

Deboray Jay | CitrixDeFi: Yes.. we will officially with Audit report.

Mary | Satoshi Club: Is it already published?)

Deboray Jay | CitrixDeFi: No yet to be.

John Richards | CDFX: Asap๐Ÿ˜Ž

Mary | Satoshi Club: Ok, can we move to the next question?

D. | Satoshi Club: Q3 from Telegram Username @HurricaneLad
Strategically looking at your website, I discovered that your ROADMAP ends in quarter-4,2020. Are there no further developments next year and onwards? How do you plan to Meetup your deadlines amidst this pandemic?

Deboray Jay | CitrixDeFi: The long term plan is to make consistent money for users of the project by adapting to different strategies as need and to be dynamic all the time.
I did not found Covid impact on the crypto market

John Richards | CDFX: ๐Ÿ˜Žthat is actually the initial road map for 2020 in a few days we will announce new once ๐Ÿ”œ

Mary | Satoshi Club:ย  Nice) but can you share with us may be one plan for the future?)

Deboray Jay | CitrixDeFi: We planned for a decentralized trading app with zero percentage brokerage.

D. | Satoshi Club: Nice little hint, thanks

Mary | Satoshi Club: Great. Does zero percentage brokerage meanย zero fees?

John Richards | CDFX: We are working on it has some challenges but we will launch it anyway ๐Ÿ˜๐Ÿ’ช

D. | Satoshi Club: Can a pandemic be a problem for crypto? ๐Ÿ‘€ I rather doubt.ย 

Mary | Satoshi Club: Just in case we will die all)

John Richards | CDFX: Pandemic.. not exactly but it affected all markets not only crypto many other platforms also but now it almost recovered it’ll be huge incoming futures๐Ÿ˜Ž๐Ÿ˜Š

Mary | Satoshi Club: Thank you for your answers ๐Ÿ˜ƒ sure, crypto is one of the best places to stay safe during a pandemic). Hope to see your roadmap soon๐Ÿ‘ so, next question?)

Deboray Jay | CitrixDeFi: Next, please.

D. | Satoshi Club: Ok, next question!

Q4 from Telegram Username @yiselen
I understand that CitrixDefi has incorporated PoS into its daily use in multiple ways. What are these multiple ways?

Deboray Jay | CitrixDeF: The main objectives of CitrixDeFi Protocol
1) Crypto and trading space is a bit complicated for many new users. They come with a lot of hopes to earn money using the immense volatility of the crypto market. But most of them lose money due to mismanagement of funds and uncontrollable emotions. So CDFX solves this problem and makes the money to investors using their own money.
2) The second main objective is to make people free from the stress of the market and watching their screens all day. They donโ€™t have to do anything. Earn Easy.

Citrixdefi solutions include the Defi lending of digital assets, providing digital assets liquidity, and Inter DeFi platform lending.

Mary | Satoshi Club: There are more emotional things here. Okay, are you conducting a pre-sale now?

Deboray Jay | CitrixDeFi: [In reply to Mary | Satoshi Club]
Yes. Please find our official announcement.

๐Ÿ˜Ž๐Ÿค‘ Dear Community We are excited to announce our CitrixDeFi presale on our OWN CDFX PreSale Dapp.๐Ÿ“ข๐Ÿ“ข

๐Ÿ—’ Date :- October 16th 2020

โฑTime :- 5 PM UTC

PreSale Platform :- CitrixDeFi Protocol (CDFX)

๐Ÿ”ถ๐Ÿ”ถPresale DAPP Link :-
https://citrixdefi.com/cdfx_presale/

๐Ÿ”ถ๐Ÿ”ถ
CDFX Presale Round-1 Details

HardCap- 250 ETH

0-100 ETH : 1 ETH =2700 CDFX
๐Ÿค‘(50%discount on Uniswap listing price)

100-250 ETH :1ETH =2500 CDFX
๐Ÿค‘ (40%discount on Uniswap listing price).

PreSale initial base price : 1ETH = 2700 CDFX tokens

Uniswap Initial liquidity:
250 ETH & 600,000 CDFX

Uniswap Listing Price: 1ETH = 1800 CDFX ( 50% Bump up on initial presale price )

Liquidity will be locked via Unicrypt for a year.
We capped the max contribution to 50 ETH and minimum is 0.01 ETH.

Citrix DeFi presale

John Richards | CDFX: And do not miss the chance in Pre-sale peeps ๐Ÿ˜Ž

D. | Satoshi Club: how long presale will be last?

John Richards | CDFX: Max 48hrs ๐Ÿ˜Ž

Mary | Satoshi Club: What do you plan to do with funds collected during this pre-sale)? I see, you plan to lock it)

Deboray Jay | CitrixDeFi: 50 percent of funds we will use for Uniswap liquidity and 15 percentage for buyback CDFX tokens from market to increase the demand and 35% per marketing and development of CitrixDeFi Protocol. Yes, liquidity will be locked via unicrypt for a year.

Mary | Satoshi Club: Great, do your community has guaranteed that you will do what you promised? Some projects use the third part to ensure their users that liquidity will be locked. You are using Unicrypt platform, yes?

Deboray Jay | CitrixDeFi:ย 
Yes.. via Unicrypt..
Total of 65% raised funds will use immediately for increasing CDFX Token price.

Mary | Satoshi Club: But it’s not guaranteed, as I understand, yes, they even have such warning

Warning DeFi project SCAM

Deboray Jay | CitrixDeFi: Ofcourse but we will share locked details to our Community…, everyone can verify …

John Richards | CDFX: It may be an issue with some project but we working in many ways to make user funds safe with a different more secured platform ๐Ÿ‘จโ€๐Ÿ”ง

Mary | Satoshi Club: Oh, great, sure, you are) thank you. Next question?

D. | Satoshi Club: Q5 from Telegram Username @Winterkom
Checking the Citrix Medium, I found that it is suspended, can you explain why? Is there anything that makes us doubt the veracity of Citrix?

D. | Satoshi Club: True, true. I faced it today๐Ÿ‘€

John Richards | CDFX: You may know about that we actually posted many updates in there due to that reason it but it’ll be up soon ๐Ÿ˜Ž We also raised tt for this. This is our announcement channel u can all medium updates here: https://t.me/citrixdefi_announcement

Mary | Satoshi Club: Yes, I saw your announcements on Twitter.

Deboray Jay | CitrixDeFi: Hey due to the heavy load of news happened..just check in our Announcement Channel.

Mary | Satoshi Club: What is this issue about?

John Richards | CDFX: It’ll be up soon in a few hrs ๐Ÿ˜

Mary | Satoshi Club: Great) hope to see all those articles)

Mary | Satoshi Club: Btw, do you have github?

John Richards | CDFX: Maybe next week will update with source code ๐Ÿ˜‰

D. | Satoshi Club: Sounds good ๐Ÿ‘

Mary | Satoshi Club: Thank you. Next question?

John Richards | CDFX: Yeah

Deboray Jay | CitrixDeFi: Ok. Please go ahead.

D. | Satoshi Club: Q6 from Telegram Username @Jonahapagu
How does CITRIX inter protocol lending work, can this work with any blockchains or only those integrated to your platform, will transactions through this be less expensive and what will be the transactions fees Token.

Deboray Jay | CitrixDeFi: Yes, Citrix operates varieties of DeFi services, there are varieties of fees on the Citrix platform. The fees s as follows;
ETH to ETH- The fees between ETH swap, lending, and providing liquidity depends on the inter- DeFi charges and the Citrix protocol. The Citrix protocol charges 0.1% for every ETH lending, liquidity, and swap fees on the platform. on the other hand, it charges 0.05% for inter-protocol services.
ETH to ERC20
ERC20 to ERC20
ERC20 to other digital assets
Digital assets to the digital assets.

Mary | Satoshi Club: And what about other blockchains? Do you plan cross-chain integrations?

Deboray Jay | CitrixDeFi: Yes, ERC 20 to others.

D. | Satoshi Club: What will be your next blockchain for integration? already selected?

John Richards | CDFX: Own blockchain ๐Ÿ˜Ž soon.

Mary | Satoshi Club: Thank you, guys, for your answers ๐Ÿ˜ƒ Are you ready for the live questions from our community?

Deboray Jay | CitrixDeFi: Yes, please go ahead.

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @apocan99ย 

โšก๏ธ Citrix is using Ethereum infrastructure which recently has serious troubles like gas prices and speed of transfers. SoIready moved to other blockchains. Do you have such a plan for the future? If not, what measures have you taken in order to facilitate these?

Deboray Jay | CitrixDeFi: CDFX is a fantastic project to save money for investors. When we do a transaction of a small amount we pay the fee and when we do with a large amount we pay the same fee. CDFX pool ups the money and make profits for its users. It is that simple.
Even we will moving to our own blockchain by end of 2020.

Q2 from Telegram User @Spott

Can I stake $CITRIXDEFI token?
What those Staking structures?

John Richards | CDFX: ๐Ÿง‘๐Ÿปโ€๐Ÿ’ปCDFX Staking dapp will be live on October end and we are allocated 25% of CDFX tokens for Rewards.
The estimated annual yield will be 100% of the amount staked. For instance, if you stake 100 tokens for 365days you will get 100 tokens as rewards in the end.

https://citrixdefi.com/citrixDeFi.stake/

Q3 from Telegram User @huydo

How many min/max ETH could I join your Presales?

John Richards | CDFX: Find all the details below ๐Ÿ˜

๐Ÿ˜Ž๐Ÿค‘ Dear Community We are excited to announce our CitrixDeFi presale on our OWN CDFX PreSale Dapp.๐Ÿ“ข๐Ÿ“ข

๐Ÿ—’ Date :- October 16th 2020

โฑTime :- 5 PM UTC

PreSale Platform :- CitrixDeFi Protocol (CDFX)

๐Ÿ”ถ๐Ÿ”ถPresale DAPP Link :-
https://citrixdefi.com/cdfx_presale/

๐Ÿ”ถ๐Ÿ”ถ
CDFX Presale Round-1 Details

HardCap- 250 ETH

0-100 ETH : 1 ETH =2700 CDFX
๐Ÿค‘(50%discount on Uniswap listing price)

100-250 ETH :1ETH =2500 CDFX
๐Ÿค‘ (40%discount on Uniswap listing price).

PreSale initial base price : 1ETH = 2700 CDFX tokens

Uniswap Initial liquidity:
250 ETH & 600,000 CDFX

Uniswap Listing Price: 1ETH = 1800 CDFX ( 50% Bump up on initial presale price )

Liquidity will be locked via Unicrypt for a year.
We capped the max contribution to 50 ETH and the minimum is 0.01 ETH.

Deboray Jay | CitrixDeFi: We capped the max contribution to 50 ETH for presale and also minimum is 0.01 ETH, so its a win-win deal for small and big investors

preSale link: https://citrixdefi.com/cdfx_presale/

Citrix DeFi presale

Q4 from Telegram User @DiegoRME

What are the most notable benefits of buying your $CDFX token? Where can I buy it? What uses does it have?

Deboray Jay | CitrixDeFi: CitrixDeFi provides a wide range of solutions to traders, investors, and digital asset holders. Our platform offers three core solutions to participants. Citrix solutions include the Defi lending of digital assets, providing digital assets liquidity, and Inter DeFi platform lending.

Presale date : Oct 16th 5pm UTC
preSale link : https://citrixdefi.com/cdfx_presale/

PreSale Round 1: HardCap- 250 ETH
0-100 ETH : 1 ETH =2700 CDFX
100-250 ETH :1ETH =2500 CDFX

Q5 from Telegram User @slimerr

What aspects of DeFi require privacy? As CitrixDeFi pertains to privacy first approach.

John Richards | CDFX: Yes. CitrixDeFi will be on MainNet by December 2020.
CitrixDeFi is planned and envisioned to be one of the safest platforms which has the below security protocols in place:
Web application security (OWASP Top 10)
Internal penetration testing, risk and vulnerability management
Most secure data centre which follows โ€“ ISO 27001, SOC1 and SOC2/ SSAE 16/ ISAE 3402/ PCI Level
1/ Sarbanes โ€“ Olexy (SOX), FISMA Moderate.
Security filters and Web server application firewall protocols
Isolated Database Environment
EV Certificate SSL/HTTPS + HSTS
Strong Password protection with mandatory 2-Factor Authentication (either SMS or Google
Authenticator as per user choice)
Usage of modern hashes (Argon2i, bcrypt, scrypt or PBKPF2) to store system Keys and passcodes
Data encryption using AES-256 encryption.

Q6 from Telegram User @BlancaSdF

What are your current status and action plan regarding future listings on both DEX and CEX?

Deboray Jay | CitrixDeFi: Once PreSale is finished we can list immediately on UNISWAP and Initial liquidity is
250 ETH & 600,000 CDFX
Uniswap Listing Price: 1ETH = 1800 CDFX
( 50% Bump up on initial presale price ).
we will list on Kucoin, Hotbit, Probit and Gate.io Exchanges in October and we have many more exchanges in pipeline, mainly we targetted Top 20 Exchanges by December 2020.

Q7 from Telegram User @Alika061

After what #CitrixDeFi has done for the finished sale what else is it doing for the future and the community?

Deboray Jay | CitrixDeFi: Once our preSale is finished, we will start trading on Uniswap with a 50% bump up the price.
We launch Staking dap and APY.

Q8 from Telegram User @Winterkom

– What solution does CitrixDeFi bring compared to the many liquidity aggregators that exist? Do you have something special? What is the most important?

John Richards | CDFX: ๐Ÿ‘จโ€๐Ÿ’ปCitrixDeFi, a decentralized protocol for peer-to-peer and inter-platform lending and liquidity is an open-source Ethereum based protocol. It is built to allow lending and pooling of digital assets. It comprises inter lending, and inter liquidity protocol.
To create a lending and liquidity interface between integrating platforms, it operates an easy to use SDK and various smart contracts. The SDK is customizable to allow users to create lending DApps and pools. On the other hand, the smart contract varies across users: liquidity creators, vaults, and proxy contracts.
The creator of a smart contract allows creators to add or create lending and/or liquidity pools. Vault contract defines the terms of pooling or storing funds.

Q9 from Telegram User @kun4321

What do you think about the opportunity to cooperate with Binance?

John Richards | CDFX: ๐Ÿ˜Ž We actually have some big exchanges partnerships will announce them asap Binance may be on the list ๐Ÿ˜‰ waiting for a big announcement.

Mary | Satoshi Club: Thank you for your answers ๐Ÿ˜ƒ and now we will have the Quiz part. @ciupidos the stage is yours ๐Ÿ‘

D. | Satoshi Club: Nice! thanks for the answers guys.

Part 3 โ€“ Quiz

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the project. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ was distributed between the winners.

AMA Partner wasย  CitrixDeFiย  Protocol:

Social Media Links:

Website link : CitrixDeFi.com

White paper :http://citrixdefi.com/CitrixDefi__WhitePaper.pdf

Facebook : https://www.facebook.com/Citrix-DeFi-114365207074003/?modal=admin_todo_tour

Twitter : https://twitter.com/citrixdefi

Instagram : https://www.instagram.com/citrixdefi/

Medium : https://medium.com/@citrixdefi

Reddit : https://www.reddit.com/user/citrixdefi

Telegram : https://t.me/citrixdefi_chat

Telegram Announcement :
https://t.me/citrixdefi_announcement

PreSale link :
https://citrixdefi.com/cdfx_presale/

Staking Dapp:
https://citrixdefi.com/citrixDeFi.stake/

Whitelist :
https://docs.google.com/forms/d/e/1FAIpQLSctSdzI3Mgt3gc9EkS1G3ELnRMJyYcN8171q789ReYsr7Rd_Q/viewform?vc=0&c=0&w=1&flr=0&gxids=7628

For more information and future AMAs, join our Social Media channels:

English Telegram group:ย https://t.me/Satoshi_club

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Spanish Telegram group:ย https://t.me/satoshi_club_spanish

Telegram Channel:ย https://t.me/satoshi_club_channel

Website:ย https://esatoshi.club/

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