Crypto Shrimp (AMA Host): Let us welcome Icarus Finance in the house today with another exciting AMA!
Tom_Everywhere "Always verify my username": :) lets go sir
JX_ Everywhere: Whoop Whoop!
Crypto Shrimp (AMA Host): I know Tom previously thru working on the same project together, really happy and excited for you to start this new project! and also to get to know JX as well. Hopefully you guys will educate us today at BSC News about it more 🙂
JX_ Everywhere: It's a pleasure to be here, thank you for having us :)
Tom_Everywhere "Always verify my username": JX is a childhood friend of mine, i'm really happy to have him on board. I've always been interested in spreading more education to our community that was one of the reasons you as a person, stood out for me
Crypto Shrimp (AMA Host): thats very kind of you my friend, until today I'm still learning and making mistakes so without further delays.
Q1 Let’s start off with an introduction of yourself and your team that are involved in this project.
Tom_Everywhere "Always verify my username": I’m Tom, this is JX, and together we are a team of 7 at icarus.finance. However, because of the nature of our project, the team is actually larger indirectly as we have overheads due to our mining facility, but keeping it simple! The team has a combined experience of around 20 years revolving around developing, project & account management, marketing & design, as well as support. We all have one thing in common though, we’re all Crypto enthusiasts!
Crypto Shrimp (AMA Host): thats a very experienced team you guys have there
so maybe let us know is there a specific role for each of you?
JX_ Everywhere: Yep! We all have our specific focus however
Tom_Everywhere "Always verify my username": We all try to help where we can, since there's so much to do _Everywhere
JX_ Everywhere: My personal experience revolves around project & account management, been in the industry for 6 years. When you combine all of us together, I think the 20 years may even be a conservative estimation.Our dev has been programming for over 10 years for instance, and has been in the crypto space for an equal amount of time
Crypto Shrimp (AMA Host): thats great stuff indeed a very strong team
Q2 Do tell us more about the project, and what are your visions for it?
JX_ Everywhere: Icarus.finance is a decentralized crypto mining protocol that combines traditional mining with defi applications. We will offer different asset options as well as different pools within that asset. Our vision is to be the #1 mining protocol in the whole space by not only offering the best mining yields in the industry, but also giving users the ability to snowball yields due to the defi applications and partnerships we will introduce
Crypto Shrimp (AMA Host): #1 is like what tom always says aiming to be the top!
JX_ Everywhere: Haha, that's Tom alright!
Q3 How did this project come about? It really is very nostalgic to me, cause I started off with crypto in 2017 time with mining rigs and ASIC.
Tom_Everywhere "Always verify my username": as long as i breath.. ill keep building.. thats for sure!
Crypto Shrimp (AMA Host): super!
Tom_Everywhere "Always verify my username": Before we created icarus.finance, we spent hours (and still do) just talking and sharing ideas about this space. We identified a gap in the market in the sense that there is no Ethereum hashrate token on the binance smart chain. From there, we also identified that the hashrate tokens that do exist, they don’t actually offer much more than simply staking for mining yields. We saw a huge opportunity here to combine the concept of mining as well as traditional Defi (farms, yield aggregators, etc), to create a long lasting ecosystem that’s more beneficial to all users. Icarus aims to be the single most sustainable and profitable crypto mining project in the entire space, because being on the BSC allows us to offer a service that the community has never seen or experienced fully before due to the low fees & fast tx speeds. We may all have mined some Bitcoin or Ethereum, we may all have staked in a farm or yield aggregator, but have any of us done both in the same protocol, with the same assets?
JX_ Everywhere: Not yet, but we will soon enough!
Crypto Shrimp (AMA Host): thats a great intro of how the project came about and also you have identified a gap indeed
JX_ Everywhere: Thank you, appreciate the support :)
Q4 tell us more about the tokenomics of the project. I believe there are $ZETH, $ICA
JX_ Everywhere: Yes, you're missing $ZBTC though! The project moves fast
Crypto Shrimp (AMA Host): oh wow thats quick!
JX_ Everywhere: $ZETH, $ZBTC, and $ICA are the 3 different tokens in our project. The first thing to note is that our hashrate tokens ($ZETH and $ZBTC) can, and will only be issued in accordance to the project’s mining power, they are directly correlated
Tom_Everywhere "Always verify my username": https://twitter.com/zetta_icarus/status/1376867555231547396
still hot
JX_ Everywhere: Currently, our mining power represents a limited token supply of 1M $ZETH as well as 1M $ZBTC. As the project’s grows (i.e. new facilities), so will the total number of $ZETH and $ZBTC tokens. Note that holding one of our hashrate tokens is the same as owning an actual piece of that mining power, but without having to buy hardware and create mining rigs.
$ICA is our governance token, and will also be used in defi applications. It’s tokenomics are far different from our hashrate tokens. $ICA is a deflationary token, with a total supply of 10M, which will be issued (minted) over a 2.5 year period, with emissions decreasing gradually over time (check whitepaper for specifics). A percentage of the $ETH and $BTCB pools will be used to buy-back and burn $ICA (market making pool), making it a deflationary asset
Crypto Shrimp (AMA Host): thats awesome by holding the token is equivalent to having mining power!
Crypto Shrimp (AMA Host): this is big news too!!
JX_ Everywhere: Yes! That was always the plan actually. You're mining without having to purchase any hardware, and without needing to get rid of it. If you want to stop mining, you simply sell your $ZETH or $ZBTC
Tom_Everywhere "Always verify my username": whitepaper v3 sneak peak 🤗 as a reward for those who are watching us!
Crypto Shrimp (AMA Host): I remember building my own rig back in 2017 is really fun but time wasting as well.. so now i think Icarus is the answer to all traditional miners
JX_ Everywhere: Can I ask, do you still have that rig? Is it still profitable? I beg to differ! So that's where we come in :)
Tom_Everywhere "Always verify my username": one day ill invite you for a live podcast ;) remember this post
Crypto Shrimp (AMA Host): yes i do remember that hahaa
Tom_Everywhere "Always verify my username": hint hint 😉
Crypto Shrimp (AMA Host): it would have been obsolete by now
JX_ Everywhere: You'll be most welcome!
Crypto Shrimp (AMA Host): brings me to the next question on that.
Q5 How are the rigs being maintained? will there be a fluctuations on the earnings if the price of ETH goes higher?
Tom_Everywhere "Always verify my username": We have a factory in China that has a full team supervising the operation, they’ve been operating for more than 10 years, so they know what's up! There are bound to be fluctuations on earnings depending on how many machines and hash power we have mining and how many people are staking our hashrate tokens. If Eth price goes up, everybody earns more, but the project has a set amount that it can mine on a daily basis and that will be distributed across all our hashrate stakers
Crypto Shrimp (AMA Host): I believe this bull run for crypto will be a much bigger one compared to the last round, no thanks to the virus as well, most ppl are stuck at home and crypto is the next time to read up more and also educate ourselves on. so ETH price going up is no doubt
JX_ Everywhere: I couldn't agree more. Especially with the institutional investors flooding into the crypto space, which wasn't the case in the last bull run
Crypto Shrimp (AMA Host): so we have the manpower and structure of the project set up;
Q6 will the electricity cost be a factor for the project too?
JX_ Everywhere: Absolutely! This is one of the reasons we’re able to offer great yields. We are very meticulous about where we setup to ensure low electricity costs, as this has a direct impact on everybody’s earning potential. A proportion of the market making pool will be used to cover this cost - this is currently set at 20%, for $ICA burns as well as electricity costs
Q7 How are the mining difficulty being curbed? will the machines be upgraded in the future when mining becomes not profitable?
Tom_Everywhere "Always verify my username": We only use RTX 3070 graphic cards or equivalent grade in our project. We will indeed upgrade the machines in the future depending on how the market moves, but that won’t be a necessity for at least another 18-24 months, if not more.
Crypto Shrimp (AMA Host): thats a really long term planning i would say
Tom_Everywhere "Always verify my username": welcome everyone!
JX_ Everywhere: We're here for the long term that much is for sure
Tom_Everywhere "Always verify my username": we're here to make a career! mining is just a % of our "cookings"
Crypto Shrimp (AMA Host): thats great stuff! cant wait when its fully developed!
JX_ Everywhere: You won't be waiting long 😉
Q8 will there be plans to mine other coins?
JX_ Everywhere: Great question! This is another variable that makes icarus.finance unique and the short answer to this is Yes! The slightly longer version is that $ICA holders will indeed have voting power via the DAO, allowing the project to change the asset that’s currently being mined. If a crypto is no longer profitable, we will vote on the next most viable & profitable crypto to mine.
Crypto Shrimp (AMA Host): nice now the community is also being taken care of too! and I'm sure they want the best for the project as well!
JX_ Everywhere: Absolutely, that has always been stipulated from the start - community rules!
Tom_Everywhere "Always verify my username": good code + use case + community = unlimited potential unlocked!
Crypto Shrimp (AMA Host): i definitely remember you saying that!
Tom_Everywhere "Always verify my username":
🤜🤛
Q9 how are the security being taken care of ? are there audits? if not what have been done to ensure the safety ?
Tom_Everywhere "Always verify my username": Yes, the protocol & smart contracts have been audited by Solidity.finance and there were no critical or major issues, as well as no threats from external attacks.
You can check the audit report at icarus.finance
👀👇
https://twitter.com/zetta_icarus/status/1376572195808370693
We will also have another 3rd party audit in the future. Our main developer has been coding in the crypto space for more than 10 years, one of the reasons this audit ran so smoothly.
Crypto Shrimp (AMA Host): nice with just 1-2 months we have actually seen quite a few rug codes, let alone 10 yrs i think that will be a very solid code for the project
Tom_Everywhere "Always verify my username": i've been publicly giving my oppinion about the "bad actors" in the space.. we must educate our community best as possible
Crypto Shrimp (AMA Host): hahaa so bad actors better watch out! i recently also asked the community to help flag out fudders in the chat too, which i think its very effective cause we want to end something bad right there and not let it spread
so totally agree on the educating and also involving community part
JX_ Everywhere: Exactly, the more educated people are, the less FUD there will be as well. Spot on
Q10 what are the ongoing development?
JX_ Everywhere: Haha where do we even start? Ok, we’re merging DHM with icarus.finance (Bitcoin hashrate), we’re developing a new website with all the different pools and services we offer, about to finish the last version of the whitepaper which will be released in the next few days, developing different partnerships as we speak, some to be announced soon, and more! We don't really sleep much, and that goes for both the devs and ourselves
Crypto Shrimp (AMA Host): sometimes i think tom is a bot too
Tom_Everywhere "Always verify my username": 😅 beep boop
Crypto Shrimp (AMA Host): we also saw earlier the tweet about DHM merging with Icarus this is really superb
Tom_Everywhere "Always verify my username": stealing my lines? 🤔 i see what you did there 🤗😆
Crypto Shrimp (AMA Host): lol
JX_ Everywhere: We are honoured to bring DHM into our project and can't wait to have their community join ours. Together we're all stronger
Q11 How are the future development/roadmap that are on the table now?
Tom_Everywhere "Always verify my username": We will introduce new defi partnerships, another audit, listing on public DEX such as Pancake Swap, as well as new mining facilities to take our project to the next level, and finally being able to offer a wider array of mineable assets!
Crypto Shrimp (AMA Host): that will definitely bring alot of value to the project!
Q12 Do share with us all your links to the project, so that our readers can read more and also keep up to date with the development
JX_ Everywhere: sure, You can find us at icarus.finance
Our whitepaper (final version is coming in the next few days though!): https://icarus.finance/Whitepaper.pdf
Our Telegram: https://t.me/icarus_finance / https://t.me/icarusfinance_announcements (announcements)
(You can expect multiple new announcements very soon, there really is a lot happening right now!)
Our Discord: https://discord.gg/YtDUZwXjkN this is the best place for elaborate discussions about our project
And finally, Twitter: https://twitter.com/zetta_icarus
Q13 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ?
JX_ Everywhere: Ok, so we already spilled the beans about $ZBTC, our Bitcoin hasrate token coming in literally days. But there's more!
Crypto Shrimp (AMA Host): oh wow
JX_ Everywhere: Our governance token, $ICA, will be issued for the first time tomorrow, on the 31st March! If you’re staking our hashrate tokens, you will receive $ICA either way as well as mining yields, but note that $ICA emissions will be at their highest point when we issue them initially. You know what they say, early bird gets the worm. Especially in Crypto 😁
Crypto Shrimp (AMA Host): haha in crypto we need to be earlier than that bird!
Tom_Everywhere "Always verify my username": Launch will take place in our dApp, same way as $ZETH, fair launch for everyone.
stay tuned!
JX_ Everywhere: I believe you guys are doing a giveaway currently on twitter, maybe let the audience know what that is about or a link to that to find out more ?
Tom_Everywhere "Always verify my username": i want to give a big big thank you for everyone who has been supporting this project! we really appreciate all the engagement everyone is showing!
its exciting ✨🔥✨
JX_ Everywhere: Yes we are indeed, and it's a big one too! details below: https://twitter.com/zetta_icarus/status/1376194871250276356
Crypto Shrimp (AMA Host): Wow this is really mind blowing with all the news and development! That will be all the questions I have for you guys today! Hope you guys enjoyed the AMA as much as I did and I really learnt alot about Icarus and also cant wait to see it develop as time passes by!!
JX_ Everywhere: It was an honour to be here, thank you for having us! We truly appreciate all of your support and hope to see you in our community channels soon enough. We're always available to answer any questions you have! Again, together we're all stronger 🙌🏼
Tom_Everywhere "Always verify my username": Thank you for your friendship and support
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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
BSCNews hosts Icarus Finance, a decentralized mining protocol that is used to unlock a universe of open financial applications.
Crypto Shrimp (AMA Host): Let us welcome Icarus Finance in the house today with another exciting AMA!
Tom_Everywhere "Always verify my username": :) lets go sir
JX_ Everywhere: Whoop Whoop!
Crypto Shrimp (AMA Host): I know Tom previously thru working on the same project together, really happy and excited for you to start this new project! and also to get to know JX as well. Hopefully you guys will educate us today at BSC News about it more 🙂
JX_ Everywhere: It's a pleasure to be here, thank you for having us :)
Tom_Everywhere "Always verify my username": JX is a childhood friend of mine, i'm really happy to have him on board. I've always been interested in spreading more education to our community that was one of the reasons you as a person, stood out for me
Crypto Shrimp (AMA Host): thats very kind of you my friend, until today I'm still learning and making mistakes so without further delays.
Q1 Let’s start off with an introduction of yourself and your team that are involved in this project.
Tom_Everywhere "Always verify my username": I’m Tom, this is JX, and together we are a team of 7 at icarus.finance. However, because of the nature of our project, the team is actually larger indirectly as we have overheads due to our mining facility, but keeping it simple! The team has a combined experience of around 20 years revolving around developing, project & account management, marketing & design, as well as support. We all have one thing in common though, we’re all Crypto enthusiasts!
Crypto Shrimp (AMA Host): thats a very experienced team you guys have there
so maybe let us know is there a specific role for each of you?
JX_ Everywhere: Yep! We all have our specific focus however
Tom_Everywhere "Always verify my username": We all try to help where we can, since there's so much to do _Everywhere
JX_ Everywhere: My personal experience revolves around project & account management, been in the industry for 6 years. When you combine all of us together, I think the 20 years may even be a conservative estimation.Our dev has been programming for over 10 years for instance, and has been in the crypto space for an equal amount of time
Crypto Shrimp (AMA Host): thats great stuff indeed a very strong team
Q2 Do tell us more about the project, and what are your visions for it?
JX_ Everywhere: Icarus.finance is a decentralized crypto mining protocol that combines traditional mining with defi applications. We will offer different asset options as well as different pools within that asset. Our vision is to be the #1 mining protocol in the whole space by not only offering the best mining yields in the industry, but also giving users the ability to snowball yields due to the defi applications and partnerships we will introduce
Crypto Shrimp (AMA Host): #1 is like what tom always says aiming to be the top!
JX_ Everywhere: Haha, that's Tom alright!
Q3 How did this project come about? It really is very nostalgic to me, cause I started off with crypto in 2017 time with mining rigs and ASIC.
Tom_Everywhere "Always verify my username": as long as i breath.. ill keep building.. thats for sure!
Crypto Shrimp (AMA Host): super!
Tom_Everywhere "Always verify my username": Before we created icarus.finance, we spent hours (and still do) just talking and sharing ideas about this space. We identified a gap in the market in the sense that there is no Ethereum hashrate token on the binance smart chain. From there, we also identified that the hashrate tokens that do exist, they don’t actually offer much more than simply staking for mining yields. We saw a huge opportunity here to combine the concept of mining as well as traditional Defi (farms, yield aggregators, etc), to create a long lasting ecosystem that’s more beneficial to all users. Icarus aims to be the single most sustainable and profitable crypto mining project in the entire space, because being on the BSC allows us to offer a service that the community has never seen or experienced fully before due to the low fees & fast tx speeds. We may all have mined some Bitcoin or Ethereum, we may all have staked in a farm or yield aggregator, but have any of us done both in the same protocol, with the same assets?
JX_ Everywhere: Not yet, but we will soon enough!
Crypto Shrimp (AMA Host): thats a great intro of how the project came about and also you have identified a gap indeed
JX_ Everywhere: Thank you, appreciate the support :)
Q4 tell us more about the tokenomics of the project. I believe there are $ZETH, $ICA
JX_ Everywhere: Yes, you're missing $ZBTC though! The project moves fast
Crypto Shrimp (AMA Host): oh wow thats quick!
JX_ Everywhere: $ZETH, $ZBTC, and $ICA are the 3 different tokens in our project. The first thing to note is that our hashrate tokens ($ZETH and $ZBTC) can, and will only be issued in accordance to the project’s mining power, they are directly correlated
Tom_Everywhere "Always verify my username": https://twitter.com/zetta_icarus/status/1376867555231547396
still hot
JX_ Everywhere: Currently, our mining power represents a limited token supply of 1M $ZETH as well as 1M $ZBTC. As the project’s grows (i.e. new facilities), so will the total number of $ZETH and $ZBTC tokens. Note that holding one of our hashrate tokens is the same as owning an actual piece of that mining power, but without having to buy hardware and create mining rigs.
$ICA is our governance token, and will also be used in defi applications. It’s tokenomics are far different from our hashrate tokens. $ICA is a deflationary token, with a total supply of 10M, which will be issued (minted) over a 2.5 year period, with emissions decreasing gradually over time (check whitepaper for specifics). A percentage of the $ETH and $BTCB pools will be used to buy-back and burn $ICA (market making pool), making it a deflationary asset
Crypto Shrimp (AMA Host): thats awesome by holding the token is equivalent to having mining power!
Crypto Shrimp (AMA Host): this is big news too!!
JX_ Everywhere: Yes! That was always the plan actually. You're mining without having to purchase any hardware, and without needing to get rid of it. If you want to stop mining, you simply sell your $ZETH or $ZBTC
Tom_Everywhere "Always verify my username": whitepaper v3 sneak peak 🤗 as a reward for those who are watching us!
Crypto Shrimp (AMA Host): I remember building my own rig back in 2017 is really fun but time wasting as well.. so now i think Icarus is the answer to all traditional miners
JX_ Everywhere: Can I ask, do you still have that rig? Is it still profitable? I beg to differ! So that's where we come in :)
Tom_Everywhere "Always verify my username": one day ill invite you for a live podcast ;) remember this post
Crypto Shrimp (AMA Host): yes i do remember that hahaa
Tom_Everywhere "Always verify my username": hint hint 😉
Crypto Shrimp (AMA Host): it would have been obsolete by now
JX_ Everywhere: You'll be most welcome!
Crypto Shrimp (AMA Host): brings me to the next question on that.
Q5 How are the rigs being maintained? will there be a fluctuations on the earnings if the price of ETH goes higher?
Tom_Everywhere "Always verify my username": We have a factory in China that has a full team supervising the operation, they’ve been operating for more than 10 years, so they know what's up! There are bound to be fluctuations on earnings depending on how many machines and hash power we have mining and how many people are staking our hashrate tokens. If Eth price goes up, everybody earns more, but the project has a set amount that it can mine on a daily basis and that will be distributed across all our hashrate stakers
Crypto Shrimp (AMA Host): I believe this bull run for crypto will be a much bigger one compared to the last round, no thanks to the virus as well, most ppl are stuck at home and crypto is the next time to read up more and also educate ourselves on. so ETH price going up is no doubt
JX_ Everywhere: I couldn't agree more. Especially with the institutional investors flooding into the crypto space, which wasn't the case in the last bull run
Crypto Shrimp (AMA Host): so we have the manpower and structure of the project set up;
Q6 will the electricity cost be a factor for the project too?
JX_ Everywhere: Absolutely! This is one of the reasons we’re able to offer great yields. We are very meticulous about where we setup to ensure low electricity costs, as this has a direct impact on everybody’s earning potential. A proportion of the market making pool will be used to cover this cost - this is currently set at 20%, for $ICA burns as well as electricity costs
Q7 How are the mining difficulty being curbed? will the machines be upgraded in the future when mining becomes not profitable?
Tom_Everywhere "Always verify my username": We only use RTX 3070 graphic cards or equivalent grade in our project. We will indeed upgrade the machines in the future depending on how the market moves, but that won’t be a necessity for at least another 18-24 months, if not more.
Crypto Shrimp (AMA Host): thats a really long term planning i would say
Tom_Everywhere "Always verify my username": welcome everyone!
JX_ Everywhere: We're here for the long term that much is for sure
Tom_Everywhere "Always verify my username": we're here to make a career! mining is just a % of our "cookings"
Crypto Shrimp (AMA Host): thats great stuff! cant wait when its fully developed!
JX_ Everywhere: You won't be waiting long 😉
Q8 will there be plans to mine other coins?
JX_ Everywhere: Great question! This is another variable that makes icarus.finance unique and the short answer to this is Yes! The slightly longer version is that $ICA holders will indeed have voting power via the DAO, allowing the project to change the asset that’s currently being mined. If a crypto is no longer profitable, we will vote on the next most viable & profitable crypto to mine.
Crypto Shrimp (AMA Host): nice now the community is also being taken care of too! and I'm sure they want the best for the project as well!
JX_ Everywhere: Absolutely, that has always been stipulated from the start - community rules!
Tom_Everywhere "Always verify my username": good code + use case + community = unlimited potential unlocked!
Crypto Shrimp (AMA Host): i definitely remember you saying that!
Tom_Everywhere "Always verify my username":
🤜🤛
Q9 how are the security being taken care of ? are there audits? if not what have been done to ensure the safety ?
Tom_Everywhere "Always verify my username": Yes, the protocol & smart contracts have been audited by Solidity.finance and there were no critical or major issues, as well as no threats from external attacks.
You can check the audit report at icarus.finance
👀👇
https://twitter.com/zetta_icarus/status/1376572195808370693
We will also have another 3rd party audit in the future. Our main developer has been coding in the crypto space for more than 10 years, one of the reasons this audit ran so smoothly.
Crypto Shrimp (AMA Host): nice with just 1-2 months we have actually seen quite a few rug codes, let alone 10 yrs i think that will be a very solid code for the project
Tom_Everywhere "Always verify my username": i've been publicly giving my oppinion about the "bad actors" in the space.. we must educate our community best as possible
Crypto Shrimp (AMA Host): hahaa so bad actors better watch out! i recently also asked the community to help flag out fudders in the chat too, which i think its very effective cause we want to end something bad right there and not let it spread
so totally agree on the educating and also involving community part
JX_ Everywhere: Exactly, the more educated people are, the less FUD there will be as well. Spot on
Q10 what are the ongoing development?
JX_ Everywhere: Haha where do we even start? Ok, we’re merging DHM with icarus.finance (Bitcoin hashrate), we’re developing a new website with all the different pools and services we offer, about to finish the last version of the whitepaper which will be released in the next few days, developing different partnerships as we speak, some to be announced soon, and more! We don't really sleep much, and that goes for both the devs and ourselves
Crypto Shrimp (AMA Host): sometimes i think tom is a bot too
Tom_Everywhere "Always verify my username": 😅 beep boop
Crypto Shrimp (AMA Host): we also saw earlier the tweet about DHM merging with Icarus this is really superb
Tom_Everywhere "Always verify my username": stealing my lines? 🤔 i see what you did there 🤗😆
Crypto Shrimp (AMA Host): lol
JX_ Everywhere: We are honoured to bring DHM into our project and can't wait to have their community join ours. Together we're all stronger
Q11 How are the future development/roadmap that are on the table now?
Tom_Everywhere "Always verify my username": We will introduce new defi partnerships, another audit, listing on public DEX such as Pancake Swap, as well as new mining facilities to take our project to the next level, and finally being able to offer a wider array of mineable assets!
Crypto Shrimp (AMA Host): that will definitely bring alot of value to the project!
Q12 Do share with us all your links to the project, so that our readers can read more and also keep up to date with the development
JX_ Everywhere: sure, You can find us at icarus.finance
Our whitepaper (final version is coming in the next few days though!): https://icarus.finance/Whitepaper.pdf
Our Telegram: https://t.me/icarus_finance / https://t.me/icarusfinance_announcements (announcements)
(You can expect multiple new announcements very soon, there really is a lot happening right now!)
Our Discord: https://discord.gg/YtDUZwXjkN this is the best place for elaborate discussions about our project
And finally, Twitter: https://twitter.com/zetta_icarus
Q13 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ?
JX_ Everywhere: Ok, so we already spilled the beans about $ZBTC, our Bitcoin hasrate token coming in literally days. But there's more!
Crypto Shrimp (AMA Host): oh wow
JX_ Everywhere: Our governance token, $ICA, will be issued for the first time tomorrow, on the 31st March! If you’re staking our hashrate tokens, you will receive $ICA either way as well as mining yields, but note that $ICA emissions will be at their highest point when we issue them initially. You know what they say, early bird gets the worm. Especially in Crypto 😁
Crypto Shrimp (AMA Host): haha in crypto we need to be earlier than that bird!
Tom_Everywhere "Always verify my username": Launch will take place in our dApp, same way as $ZETH, fair launch for everyone.
stay tuned!
JX_ Everywhere: I believe you guys are doing a giveaway currently on twitter, maybe let the audience know what that is about or a link to that to find out more ?
Tom_Everywhere "Always verify my username": i want to give a big big thank you for everyone who has been supporting this project! we really appreciate all the engagement everyone is showing!
its exciting ✨🔥✨
JX_ Everywhere: Yes we are indeed, and it's a big one too! details below: https://twitter.com/zetta_icarus/status/1376194871250276356
Crypto Shrimp (AMA Host): Wow this is really mind blowing with all the news and development! That will be all the questions I have for you guys today! Hope you guys enjoyed the AMA as much as I did and I really learnt alot about Icarus and also cant wait to see it develop as time passes by!!
JX_ Everywhere: It was an honour to be here, thank you for having us! We truly appreciate all of your support and hope to see you in our community channels soon enough. We're always available to answer any questions you have! Again, together we're all stronger 🙌🏼
Tom_Everywhere "Always verify my username": Thank you for your friendship and support
