A few hours ago, 1inch dex aggregator built initially on the Ethereum blockchain, announced its expansion to the Binance blockchain. This comes as a piece of big news to the Binance Chain community and the entire crypto community. It points to an essential aspect of the De-Fis market’s rising star, the Binance Smart Chain (BSC) network, and its widespread platform adoption.
DeFi got its popularity and present widespread adoption on the Ethereum blockchain, which started in the fall of August 2020. “Blue-chip” De-Fi projects like Compound, Aave and Maker Dao saw their tokens rising to all new highs. Currently, DeFi is most developed on the Ethereum blockchain, which retains its number 1 spot in the world as an infrastructure-based blockchain. On top of this, ETH is the number two blockchain project in terms of market capitalization and volume.
This DeFi boom has seen a new peak in Total Value Locked (TVL) at $43.8 Billion a few days ago. This new rise didn’t come without its corresponding bottlenecks for the blockchain powering the assets. Ethereum users started facing hiked gas fees as the difficulty of transacting on the network became high. Without switching to high prices, users’ funds and transactions get stuck and, in most cases, get invalidated. As most traders experience the increasing difficulty caused by high fees and network congestions, there becomes a need to use a better and even faster alternative.
Outside the infrastructure powering its movement, DeFi got most of its relevance from Dex protocols, where pretty much all of the Defi actions take place. The Dex protocols’ high point was that users do not have to go through the hassles of a centralized exchange order book to get their business done. Wallet to market pair, wallet to liquidity, wallet to wallet interactions, fast, simple, and straightforward.
1inch is a Dex aggregator that works out the best crypto price across decentralized exchanges. The platform launched its governance token 1INCH in December 2020 and currently boasts of a volume of $181 million. The aggregator supports multiple market listings and pairings, rapidly growing popularity next to Uniswap, an Eth-based Dex platform. Today, 1inch makes the list of Eth-based platforms making the migration to BSC.
The highlight feature of the 1inch protocol is its ability to work out the best crypto prices for its users. Moving further the team has created a bridge to achieve the best price through avoiding fees. The Dex announced its expansion into the BSC network in a Twitter thread from its Official handle as well as an official Medium post.
This bridge creates the opportunity for users to switch between Ethereum and Binance protocols with ease. All features of 1inch Liquidity Protocol, 1inch Aggregation Protocol, and $1INCH staking have become available to BSC users by this move. Furthermore, 1inch users will access liquidity from PancakeSwap, BurgerSwap, BakerySwap, and other BSC-based Dexes.
The news release has been met with a lot of positive response from Twitter users:
Many users expressed enthusiasm and a sense of relief from the high gas fees of the Ethereum protocol. Based on the price action on the chart as seen on 1hr timeframe and the D1 timeframe, the market is reacting nicely since the news release:
The CoinMarkeCap feed shows the price has gained an impressive 21.46% overall;
The price data presented shows a positive rally, which signifies a bullish run as a reaction to its expansion into the Binance Smart Chain network.
Launched in 2019, Binance Smart Chain is a blockchain platform developed by popular centralized cryptocurrency exchange Binance. Initially, it was launched to support the decentralized exchange Binance Dex. It has since expanded its scope to accommodate the growing number of developers migrating from Ethereum to use the protocol. It is gaining massive relevance, usability, and adoption due to its relatively fair gas price and speed. This has resulted in a record-breaking price of $349 per coin for its native BNB coin.
The effort between Binance Smart Chain and Ethereum blockchain protocols should be seen as collaborative instead of competitive. Both platforms’ users seem to be locking horns these past days under Binance CEO’s tweets. Ironically, BSC offers smart contract functionality and compatibility with Ethereum Virtual Machine (EVM). The design is to keep the Binance broadband network intact while enabling interaction with smart contracts. The two blockchains work side by side, so starting a platform war becomes unnecessary.
Bullish crypto news like migration, cross-chain interoperability, bridging, and expansion like that of 1inch should be seen as a collaboration towards the growth and increasing adoption of De-Fi. In contrast, many see it as a competition or a means to start a Tweet war. Together, the crypto community wins.
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Lola (AMA HOST): Hello!
You're welcome
Blood Tree: Thanks for having us
Lola (AMA HOST): How're you doing today?
Blood Tree: Doing good, I'm excited to be here finally. We've been waiting for this for a few weeks haha
How are you
Lola (AMA HOST): Glad to have you here. 😊
I'm good.
Shall we set the ball rolling?
Blood Tree: Yup, let's get it crackin
Q1. Can you give us a general introduction of you and Tree Defi? Could you tell us your role in the project and briefly introduce Tree Defi?
Blood Tree: Hello, I’m blood tree, one of the founders of TreeDefi, a Yield Farming project that focuses on deflationary tokenomics, real life NFT implementation and planting real trees around the world through deposit fees
My main role in the team is partnership, marketing and community management. I also love doing graphics for the project, writing articles and making youtube videos. It’s still work but I have a lot of fun with it so it almost feels like a hobby
And yeah, we treat every day as a new challenge and we love developing new skills through this opportunity offered to us by Defi
Lola (AMA HOST): Having so many skills. How do you manage them?
Blood Tree: Multitasking and lots of caffeine
Everyone is like this on our team, we're a bunch of sleepless maniacs
Lola (AMA HOST): Good one there!
Q2. How many team members do you have working with you? And can you also tell us their roles?
Blood Tree: We are currently 8 members, without counting the supporters we’ve recruited from our group, which help us with spreading the word about the project, some twitter management, community graphics and user support. It’s amazing to already have members from the community that we can trust when we’re overwhelmed by work
As far the main team goes we’re all coming from the startup world, having worked with countless projects and companies, so everyone is crafty with several skills required for this project, and we push each other to new limits every day
Everyone has an area they specialize in though, some are solidity and react developers, some work on UX/UI frontend changes, some marketing and community management and some research the landscape constantly and try to implement new innovative ideas. And we all try to learn from each other's specialty
Hope that answers it 😄
Lola (AMA HOST): Sure it does!
Q3. What are the major challenges of Tree Defi and how do you intend to solve them.
Blood Tree: The Defi world in general is a challenge in itself haha
It’s very hard to start a project and get it running. Once you get it running it’s hard to stabilize from the unavoidable initial pump and dump, and once you get through that you need a consistent schedule of updates to keep the ball running
The landscape is a non stop 24/7 365 days endeavour. Everything is in constant motion and everything your competitors do affects you too. Those previous points made the past month a bit of a living hell for us, having no free days, no proper sleep and no proper relationships with people in real life. But we’re never gonna stop. Seeing the community excited when we release something is much more rewarding than any vacation we could take
We’ve also overcome some minor hurdles during launch, but our community stood strong with us through it all, never flinching. We're blessed to have such a supportive userbase ❤️
Q4. How does staking works? And what's the reward Percentage? And can you tell us about your Audit?
Blood Tree:
Users have the opportunity to stake their SEED and TREE into our farms and pools, along with other tokens of their choice, including the ones from our partners. Since the project is young the rewards are still quite high, having over 1500% APR in some of our farms. We’ve also included a limited time pool where users can receive TREE as a reward (our capped token, with a supply of 16001 TREE). We’re always improving our farms and tweaking them for our users’ enjoyment and to stabilize tokenomics when needed.
Our audit was done by TechRate, a very respectable firm that has helped other large projects like Swamp in the past. They’ve been very kind to us, well priced and professional. They even went through phone calls with us to look into our contracts in detail and explain everything they do to us. It’s been a great experience and we recommend them.
If you wanna check the audit out it's in our menu on our app at app.treedefi.com
Q5. I learnt you would love to have partnerships with other Defi projects. Can you tell us which you've been looking at And why would you love to partner with them?
Blood Tree: Of course, we’ve already partnered up with Slime Finance and Blueswap. Both have been great experiences, and we’re in touch with Slime everyday, trying to organize new things in the future
Lola (AMA HOST): That's good to hear. How about Blueswap? How has it helped Tree Defi?
Blood Tree: And that’s how partnerships should be in our opinion. In Defi, partnerships generally last one day before they fade away and only consist of a crossed pool or something along those lines. We're trying to do more with them
Blue have been nice to us, they've just sent us a proposal a few days ago where they would like to include us into one of their new features
Lola (AMA HOST): Great
Blood Tree: And I like their graphics in general haha
We've also launched a partnership with Soteria Finance, which now offers insurance cover for our project
Lola (AMA HOST): a Graphic Person. 😅
Blood Tree: Yes, I'm very picky with that stuff haha
Lola (AMA HOST): Good.
Blood Tree: And yeah in general more partnerships are coming. And we're in talks with other players that we think will re-shape Defi along with us in the next year
Q6. Can you tell us Tree Huggers Reward Program?
Blood Tree: Yes, I love the tree huggers program
It’s a program where we reward the most active and helpful members of our community with TREE to put it simply. Each week we will start a poll with the 10 most active members of the week. 3 members will be picked by the community and 2 members will be picked by admins. They will receive 1 TREE each, a Tree Hugger name tag and will be included in our TreeHouse telegram group, where we work with our most helpful members on community management, marketing and development of new features
At the end of the month there will be a huge giveaway for Tree Huggers where 3 random members will receive:
5 TREE + 5 SEED
3 TREE + 3 SEED
2 TREE + 2 SEED
It's a good way to keep our best members close to us
Lola (AMA HOST): Yes you're right.
Q7. What Future Development and Plannings do you have?
Blood Tree: Right now we are working hard on deploying our TreeDefi Games, which will include: Green Wheel, Lottery and King of the Forest. We’re trying really hard to launch them this week but they require a lot of testing to avoid any bugs both in the contract and frontend
We’re also working on our new version of the frontend, which will be built fully from scratch and separate from the Pancake interface. And we hope that will make our presentation even cleaner and more appealing to investors. We’re also working on more tree donations, and new NPOs that we could partner with to donate in more creative ways
Lola (AMA HOST): Great. And that takes me to next question
Q8. Can you tell us about the three donations that's going on in Tree Defi?
Blood Tree: Of course, tree donations are our bread and butter. We’ve started the project with the goal of planting as many trees as possible. We thought this would be a good way to give Defi a real world application that is usually missing from these projects.
As of now we’ve planted over $7000 worth of trees during the first month of the project, and we’re gonna keep donating more and more every week moving forward. The way it works is that we currently use ⅓ of deposit fees to plant real trees around the world. In the future we’ll find new ways to improve this system and donate more
We’re thinking of a way of letting users donate individually through us if they wanna represent TreeDefi. We’re also thinking of doing fundraisers for other types of good causes in the future, and different ways to include NPOs into the world of Defi. We think it’s often overlooked and just something that we and the community love to do!
Lola (AMA HOST): I'm liking your done with tree symbol. Haha
Blood Tree: Yes I need to keep my text alignment consistent haha
Lola (AMA HOST): 👍😊
Q9. Can you tell the Community about the Seed in Tree Defi
Blood Tree: Absolutely, SEED is basically the main engine running our Yield Farms
It is a token that is uncapped but deflationary in nature. The starting emission rate is 0.15 SEED per BSC Block, and it deflates by 2% each week. Currently it has already lowered to 0.144
This means that eventually our token output will start slowing down and SEED supply will become more and more scarce. And this is without taking into account the burning mechanisms that we will implement shortly through games, and the occasional celebratory manual burn. SEED is used for most of our farms and it is therefore our main reward for users on the platform. TREE on the other hand is our capped token with a supply of only 16001 TREE. So it's the rare token of our platform.
And TREE is also used for Governance
Lola (AMA HOST): Okay.
Why this emoji? 😉
Let's promote Tree Defi 😊
Blood Tree: haha I love that one, it confuses people
Lola (AMA HOST): Haha. Okay. No problem
Q10. Share with us all the links about Tree Defi, so that readers can find out more and also follow the development of the project.
Blood Tree: Here are all of our important links:
If you wanna get in touch with us directly the best way is through Telegram, that's where we're active all day long
Lola (AMA HOST): Noted
Q11. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Blood Tree: Haha, we don’t like spoiling future updates too much. But we do have our NFT system coming out very soon. We just launched a front end sneak peek today on our platform. Any curious BSC News users can go on app.treedefi.com/nftrees and check it out. The way it works is that our NFTrees are directly connected to real life trees that we planted.
Investors that purchase the NFT will get a lot of statistics about their tree, including: Name & Scientific Name, Date of Birth, Country of Origin, Place of Birth, Longitude and Latitude, Proof of planting and the CO2 removed by their tree. We’re also planning on releasing a map where users can connect with their wallet and see Their trees around the world in a clean interface.
Lola (AMA HOST): Great.
Now we've come to the end of the First round.
It was a really a nice session. Thanks @bloodtree 😊
Blood Tree: Thank you for all of the great questions, they were fun to answer! 😊
Lola (AMA HOST): Welcome Shanron
Hope you're good.
Shanron: yes I am great
Lola (AMA HOST): Good to hear that.
So shall we start?
Shanron: Yes I can't wait and I am sure the community is also ready !!
Lola (AMA HOST): Sure they are. 😊
Q1. Can you give us a general introduction of you and Dragon Ball Finance? Could you tell us your role in the project and briefly introduce Dragon Ball Finance?
Shanron: Yes of course !
Dragonball Is the first All In One DeFi platform with the coolest of all themes.
it is a protocol that allows you to have sustainable gains backed by a constant income that is generated through all DBF products.
I am the CEO and founder of the protocol,
I gather team members and advisors and hire professional coders to develop the smart contracts.
I have been in crypto since 2016, when I was shocked by blockchain technology and witnessed ICO and tokens in general 100x and then lose 99.99% of their value the day after.
I left crypto aside for a couple of years after the bubble, graduated and found a job in finance.. and then Uniswap came out..And history begun..
Lola (AMA HOST): This sounds great.
Q2. How many team members do you have working with you? And can you also tell us their roles?
Shanron: We started small with one developer, one designer and me.
We recently had the chance to hire new team members especially experienced devs that are now focusing maily on the IFO platform and NFT marketplace !
The website as well is being rebranded and redesigned to give it the look it deserves !
Lola (AMA HOST): That's great. And how has been the Journey so far?
Shanron: it has been great I gotta say
the community has backed us and we are growing daily, we also made so many progress on the development side, and once all use case will be applied I can really see this Dapp competing with top bsc projects !!
Q3. Can you tell us how Farming and staking works in Dragon Ball Finance? What's the reward Percentage?
Shanron: Farming and staking is very similar to pancake and similar platform we have created a full path tutorial to guide investors in the process, feel free to check it out here
the reward percentage is based on current price liquidity in the pool, token emission, pool multiplier and is a variable not a constant. Everyone can check it live on the top right of each farm at https://dragonballfinance.org/farms
Q4. Has your Smart Contract been audited? If he's, who audited it? And can you show us the report? As the security of the Community matters.
Shanron: Yes, we believe investors security and safety is the highest priority, that's why we audited our contracts as soon as they were out and we will keep auditing with other reputable companies as we organically grow.
here's the link:
Q5. How many Partners do you have? And what do you expect from them?
Shanron: We have several partner and advisors and are in talks with many potential future partners, but we believe that NFT marketplace and IFO launchpad have the priority as they are one of the most important products needed in the space !
Lola (AMA HOST):
That's good. And what stage do you plan to make that happen?
Shanron: IFO platform is being worked on and should be ready by next week !!
NFT marketplace is much more complicated and it will take around a month
we have another dev working on the first DBF casino game, and should be up at the beginning of te month!
that will really boost DBALL use case and price in my opinion
Q6. Can investors get in now? Or it's late to buy cheap and Hold to get rewards? And can you give out steps and details to do that?
Shanron: Yes you can buy DBALL now and stake it on the staking pool or provide liquidity for it and stake it the website to earn constant reward !!
follow the steps outlined in the tutorial for getting in early and not missing the dragonballfinance train !!
Q7. Can you share with our community the plans you and your project have for this year and the coming years?
Shanron: Dragonballfinance is here to stay,
We have built a roadmap that allow the project to create an ecosystem where the native token as multiple use cases in the protocol generating demand and scarcity for the token.
here is a list of the products we plan to implement that will directly or indireclty benefit DBALL and its holders:
Launchapad IFO (half of raised funds is used to burn DBALL)
NFT marketplace (anyone can list their NFT and anyone can buy them only with DBALL)
Super Saiyan pools (DBALL holders will be able to stake DBALL and earn BNB)
Casino platform (users can only play with DBALL, lost DBALL is burned)
Charting tool ( a tool similar to chartex or dextools where anyone can track any token and if you hold a certain amount of DBALL you unlock pro features)
Farming As A Service platform (host other protocol farms and use a % of LP deposit fee to buy back DBALL and burn it)
stable coins
vaults
lending and borrowing
expansion to other chains
much much more !!
Lola (AMA HOST): Great👍
Q8. What are the major challenges of Dragon Ball Finance and how do you intend to solve them?
Shanron: Major challenge right now is fighting inflation, we used to have too many non native farms and pools that allowed non native farmers to sell too many DBALL, so we removed most of them and added new native farms, also we plan to improve DBALL price and liquidity through layer farming , a perpetual way of high risk high reward gains that will happen weekly and will boost DBALL price and liquidity !!
Lola (AMA HOST): That's a great move.
Q9. Share with us all the links about DballFinance, so that readers can find out more and also follow the development of the project.
Shanron: 🐉Welcome to DragonBall Finance!🐉
🔮What is DragonBallFinance?
DragonBallFinance is the first fully decentralized self sustaining all in one defi platform on the Binance Smart Chain network that brings the dragonball theme in the current boring foody name defi world.
DragonBallFinance will implement several products and mechanics that ensure the sustainability of the project even in the long term perspective.
🈚️Tokenomics
🐉DragonBall Token($DBALL)
👨🍳Masterchef:
✅Initial Supply: 410,000 $DBALL
✅Liquidity raised with SaltSwap Launchpad
✅IDO price 1 BNB = 500 $DBALL
✅IDO allocation 25,000/250,000 $DBALL
✅soft cap/hard cap 50/500 BNB
✅Listing price 1 BNB = 400 $DBALL
✅partnerships, marketing and contests funds 15,200 $DBALL (all locked for the first 2 weeks, community will decide how to use them)
(All unsold tokens will be burned)
‼️DBALL IDO will be on Monday the 5th and it will be hosted by SaltSwap IDO Launchpad‼️
Senzu Token ($SENZU)
Senzu token will be the token used to reward layered farming investors.
❗️7% stacking fee will be applied and used for:
✳️40 % to buy back DBALL and burn it
✳️40% buy back SENZU and burn it
✳️20% allocated to further platform developments
💸 Liquidity Locked Forever
💸 LP Tokens Burnt
🔮 Future Goals:
🕔 NFTs and marketplace
🕔 Lotteries
🕔 Games
🕔 IDO platform
🕔Charting tool
🕔Lots more !!
🔮 Key Information:
🐲DragonBallFinance buy back an burning features: 🐲
✳️3% deposit fee will be charged at staking.
✳️2% withdrawal fee will be charged when unstaking.
Fees breakdown
✳️50% will be used for weekly burns
✳️50% for the project's products funds.
✳️5% of minted tokens for emergency and development funds
🌐 Website - https://www.dragonballfinance.org/
🐉 Official Telegram Channel - https://t.me/dragonballfinance_org
🔥 Announcements - https://t.me/dragonballnews_org
💰 Price chat - TBA
⌨️ Discord - TBA
☀️ Twitter
📶 Medium
💻 Github
🕵️ Audit
Q10. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Shanron: Yes as I previously mentioned we have three major news this week !!
1) we will be launching layer2 with SENZU2 and renewed mechanics allowing this layer to be more stable and providig higher liquidity to native pairs !
2) Super Saiyan pools a pool where DBALL holders can stake their DBALL and receive BNB in exchange !!
3) IFO platform will be ready by next week and we will launch the first DBF Initial Farming Offering !!
Lola (AMA HOST):
We look forward to the three Great News.
Now we are done with the First session.
Thanks for your time. Twas a really a nice time with you Shanron
Bullish crypto news like migration, cross-chain interoperability, bridging, and expansion like that of 1inch should be seen as a collaboration towards the growth and increasing adoption of De-Fi.
A few hours ago, 1inch dex aggregator built initially on the Ethereum blockchain, announced its expansion to the Binance blockchain. This comes as a piece of big news to the Binance Chain community and the entire crypto community. It points to an essential aspect of the De-Fis market’s rising star, the Binance Smart Chain (BSC) network, and its widespread platform adoption.
DeFi got its popularity and present widespread adoption on the Ethereum blockchain, which started in the fall of August 2020. “Blue-chip” De-Fi projects like Compound, Aave and Maker Dao saw their tokens rising to all new highs. Currently, DeFi is most developed on the Ethereum blockchain, which retains its number 1 spot in the world as an infrastructure-based blockchain. On top of this, ETH is the number two blockchain project in terms of market capitalization and volume.
This DeFi boom has seen a new peak in Total Value Locked (TVL) at $43.8 Billion a few days ago. This new rise didn’t come without its corresponding bottlenecks for the blockchain powering the assets. Ethereum users started facing hiked gas fees as the difficulty of transacting on the network became high. Without switching to high prices, users’ funds and transactions get stuck and, in most cases, get invalidated. As most traders experience the increasing difficulty caused by high fees and network congestions, there becomes a need to use a better and even faster alternative.
Outside the infrastructure powering its movement, DeFi got most of its relevance from Dex protocols, where pretty much all of the Defi actions take place. The Dex protocols’ high point was that users do not have to go through the hassles of a centralized exchange order book to get their business done. Wallet to market pair, wallet to liquidity, wallet to wallet interactions, fast, simple, and straightforward.
1inch is a Dex aggregator that works out the best crypto price across decentralized exchanges. The platform launched its governance token 1INCH in December 2020 and currently boasts of a volume of $181 million. The aggregator supports multiple market listings and pairings, rapidly growing popularity next to Uniswap, an Eth-based Dex platform. Today, 1inch makes the list of Eth-based platforms making the migration to BSC.
The highlight feature of the 1inch protocol is its ability to work out the best crypto prices for its users. Moving further the team has created a bridge to achieve the best price through avoiding fees. The Dex announced its expansion into the BSC network in a Twitter thread from its Official handle as well as an official Medium post.
This bridge creates the opportunity for users to switch between Ethereum and Binance protocols with ease. All features of 1inch Liquidity Protocol, 1inch Aggregation Protocol, and $1INCH staking have become available to BSC users by this move. Furthermore, 1inch users will access liquidity from PancakeSwap, BurgerSwap, BakerySwap, and other BSC-based Dexes.
The news release has been met with a lot of positive response from Twitter users:
Many users expressed enthusiasm and a sense of relief from the high gas fees of the Ethereum protocol. Based on the price action on the chart as seen on 1hr timeframe and the D1 timeframe, the market is reacting nicely since the news release:
The CoinMarkeCap feed shows the price has gained an impressive 21.46% overall;
The price data presented shows a positive rally, which signifies a bullish run as a reaction to its expansion into the Binance Smart Chain network.
Launched in 2019, Binance Smart Chain is a blockchain platform developed by popular centralized cryptocurrency exchange Binance. Initially, it was launched to support the decentralized exchange Binance Dex. It has since expanded its scope to accommodate the growing number of developers migrating from Ethereum to use the protocol. It is gaining massive relevance, usability, and adoption due to its relatively fair gas price and speed. This has resulted in a record-breaking price of $349 per coin for its native BNB coin.
The effort between Binance Smart Chain and Ethereum blockchain protocols should be seen as collaborative instead of competitive. Both platforms’ users seem to be locking horns these past days under Binance CEO’s tweets. Ironically, BSC offers smart contract functionality and compatibility with Ethereum Virtual Machine (EVM). The design is to keep the Binance broadband network intact while enabling interaction with smart contracts. The two blockchains work side by side, so starting a platform war becomes unnecessary.
Bullish crypto news like migration, cross-chain interoperability, bridging, and expansion like that of 1inch should be seen as a collaboration towards the growth and increasing adoption of De-Fi. In contrast, many see it as a competition or a means to start a Tweet war. Together, the crypto community wins.
