Cyber Time Finance AMA Transcript

BSC.NEWS hosts Cybertime--NFT Fantasy League on Binance Smart Chain. All questions answered by @Dima.

By
BSCNews
on
April 20, 2021
Category:
AMA

Lola (AMA HOST): Great. You're welcome Dima

The Group has been locked now. 

Shall we set the ball rolling?

Dima Boshenyatov: Yeah, let's start! 🔥🔥

Lola (AMA HOST): Hope you're doing good today.

Dima Boshenyatov: Yes, today was a great day. But the last 2 days have been tough

Q1. Can you give us a general introduction of you and Cyber Time Finance? Could you tell us your role in the project and briefly introduce Cyber Time Finance?


Dima Boshenyatov: We are creating an NFT Fantasy League at #BSC.

We have already launched the light version of the site, you can see it at the link - NFTL.art

Now we are working on the stuffing and Web3 integration

Literally 1.5 months ago, we launched our first product - cybertime.farm. We decided not to conduct a presale or ICO, but to distribute tokens through pharming.

Farming does not go on all the time, but in stages. In the first stage, the total TVL was $ 1.8M, and the tokens started from the prices:

NFTL - $0.001

CTF - $1

MarketCap of both tokens = 86k

Now the second stage has started and TVL is already $ 20M (almost x10 has grown)

And tokens cost:

NFTL - $0.19

CTF - $40

Lola (AMA HOST): Great. Thanks for this exposition.

Dima Boshenyatov: You can read about the team in detail here - https://docs.cybertime.finance/team

Lola (AMA HOST): You are yet to tell us about yourself.

We would really love to know you. 😊

Dima Boshenyatov: I came to the crypto market in 2013.

Then I was engaged in digital marketing for 7 years

In 2017, during the ICO boom, I also tried to launch the project, but it did not fly. Not enough expertise

And in 2020, having gained experience, I returned with CyberTime.

When I found out about NFT, I realized that it was the future. It inspired me a lot!

Lola (AMA HOST): Wow! Great move.


Q2. How many team members do you have working with you? And can you also tell us their roles? How they've been a great help to the Project. How do you intend to work towards or achieve the goal of the Project?


Dima Boshenyatov: We have formed a very cool team.

We all work remotely.

In the team now:

- 2 developers for full time (they are engaged in writing smart contracts, frontend, Web3 integration)

- Designer-illustrator. She designs UI / UX interfaces (not everything is being implemented now, but we are working on these) and creates incredible NFTs (we are not just a platform, but also authors)

Lola (AMA HOST): Wow! You've got a female also in the Team... Not common sometimes. 😊

Dima Boshenyatov: - SMM specialist. She joined us recently, but immediately picked up our pace (posts on Saturday, Sunday, constant important announcements, etc.)

- 2 CM (they help answer users' questions around the clock)

- Marketer (he organizes collaborations with influencers, platforms, sets up paid advertising, etc. After the launch of the migration platform, his work will obviously increase)

- Assistant (she is engaged in updating information on the CMC, CG sites, collecting offers from companies, submits applications for listing, helps with localization, etc.)


Q3. Can you tell us about new farming week and NFTL farming? What's the requirement to participate?


Dima Boshenyatov: I'd rather show you. We started on the night of April 10-11 🔥

Lola (AMA HOST): Okay. No problem

Dima Boshenyatov: In 5 pools (WBNB, ETH, CAKE, BUSD, USDT) APY is kept at just above 200%

Farming stages are limited (they only take 7 days with a frequency of 30 days)

Lola (AMA HOST): Okay. That's good to know.

Q4. Can you tell the Community CTF Rewards in pools and Token Migration? How will they be rewarded?


Dima Boshenyatov: Oh, migration portal.

Firstly, before launching it, we passed an audit with Certik. They checked all 5 smart contracts (including the NFT platform)

Secondly, we have closed the emergencyWithdraw vulnerability, which helps a lot now.

Thirdly, not everything went smoothly. Some of the users lost part of the CTF they earned (we decided to compensate for the losses), someone got their account frozen. But in general, while we solve all the issues and users are happy. It is most important!

CTF (Governance Token) can only be obtained through LP pools. They are just in the screenshot above.

You can read more about the token here -

CTF - https://docs.cybertime.finance/tokenomics/ctf

NFTL - https://docs.cybertime.finance/tokenomics/nftl


Q5. The Smart Contract has been audited, which is a great move. But can you let us know  why you choose Certik even after you've been audited by Adesh Kolte?


Dima Boshenyatov: 1. We were very pleased with the work with Adesh. He's helping us with security right now. But we were preparing a migration portal, new contracts, so a new audit was necessary. As a result, the choice fell on Certik.

2. Certik is one of the leaders in the DeFi industry among auditing companies.

3. An audit from Certik gives another level of confidence in the project. More people will learn about the project after successfully passing the audit


Q6. Can you explain more on the 2% LP pool deposit fee that goes toward the Project development?


Dima Boshenyatov: 2% fee in LP is the team's earnings for development and marketing. Since there was no presale, these tools help us a lot.

As a result of the migration, all LP holders had to transfer their LPs from one token to another. We conducted a vote among the community and almost 70% of users voted to leave the commission in the first hours of the pools. It's nice that the community supports us!


Q7. Can you share with us about the conducting of NFTL on Apeswap?


Dima Boshenyatov: Sure

Farming on our site will end on April 17th. And on April 22, farming starts on the ApeSwap platform.

The mechanics are simple. You need to put $ BANANA into the pool and get NFTL. This is our first collaboration with DEX and we look forward to it

Lola (AMA HOST): Nice. Better result we hope.

Dima Boshenyatov: While we are waiting, I can tell you about our future NFT platform

As I said, it is launched on the NFTL.art website.

We have already conducted 2 collaborations with authors, made and audited a smart contract, prepared a mobile version.


Q8. Amazing, so can you tell us about the NFT auction?


Dima Boshenyatov: The first auction will be held with our works.

There will be 4 types of NFT

- Genesis

- Legendary

- Epic

- Rare

You can check it here - https://nftl.art/auction/nftl-space

Users can buy only for NFTL. There will be several winners, so we hope there will be a hot battle for NFT.

Most importantly, we figured out how to give value to collectible NFTs. To be honest, it will be a real bomb! 🔥🔥🔥

For now, I will not say anything about what will happen, since the competition in the NFT market in 2021 will be very hot.

Lola (AMA HOST): Oh wow! Not ur normal NFTs :)


Q9. When are you looking to launch this?


Dima Boshenyatov: Let me tell you a little secret.

Holders of CyberTime NFT will be able to receive tokens for it at any time. This is in addition to selling the work in the secondary market. We also plan to integrate this into our platform.

Lola (AMA HOST): Wait.. tell me how this work.. you hold the NFT, to receive a token?

Dima Boshenyatov: It's hard to say, but before that there will be a solution to attract authors to the platform. We plan to create competition among authors for a place in the Fantasy League

Lola (AMA HOST): Wow! I can see a well thought through process. Especially in a HOT time right now with NFTs.


Q10. Before we conclude the AMA. Anything else you’d like to add?


Dima Boshenyatov: The platform's native token is NFTL. But I can't say anything more yet. I will say one thing that this functionality creates real value in keeping the NFT. It’s not just bought and you don’t know what to do with it or to whom to sell it. Here users will have a choice of what to do. Leave or receive money?

Lola (AMA HOST): Very interested in finding out this whole concept :) sounds exciting!

Dima Boshenyatov: I want to thank our community for their support 🙏

Just a few days ago, an important event took place for our project (migration portal launch) and then only forward - to create the best product on the NFT market! 💪🔥

Lola (AMA HOST): Amazing! We will be keeping a close eye 👁

Thanks for joining today and giving us an important update.

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