MetaReserve AMA Transcript

"MetaReserve is a community-owned decentralised financial protocol built to empower revolutionary ideas"

By
BSCNews
on
December 29, 2021
Category:
AMA

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with MetaReserve! Today we have @Tomimoney joining us to talk about their exciting new project. Great to have you here :)

( ⚡️ , ⚡️) Tamas

Hi everyone

It is great to be here, thanks for having me

Stephanie (BSC.News)

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you beforehand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway

Sounds good with you? 😃

( ⚡️ , ⚡️) Tamas

Sounds great, let's start!

Stephanie (BSC.News)

Great, so to kick things off


1. Please introduce yourself and the team behind MetaReserve.


( ⚡️ , ⚡️) Tamas

I am Tamas, COO of MetaReserve. Really glad to be here today to introduce our new project

Our team is a fully decentralized autonomous organization that is designed by professionals from the financial and technological industry, one that aims for a long-term vision of growth, sustainability and transparency.

A brief background of myself, I am an established fund manager, Head of European Operations at Innovative Securities (New Zealand) and led strategic operations for MBI International in Vienna and London, with past experiences in private and investment banking with GE Money and Concorde Securities.

As for our team, we have our CEO, George, a Senior Executive in the Oil & Gas industry specializing in cyber and data security, he has led several successful mergers and acquisitions of some of the world’s largest Energy giants and developed system analytics and security protocol for offshore rigging, which is now used as an industry standard. He is now, at the forefront of AI advancements, implementing new technologies to innovate and improve existing systems and protocols.

Melinda is our marketing director, with over 10 years of experience in digital marketing and design, having worked with companies like Papa John’s and Eaton Hernis. Her skillset is very diverse, ranging from digital illustration and social media marketing to UI and web design. She is also the founder of the vegan brand, Veganiska, which utilizes digital art and social media platforms to raise awareness about environmental issues.

Dr. Pavlo is our Director Business Development & Strategy. He held various senior management roles at MTB Bank, Sberbank and Commerzbank Group. Dr. Pavlo was a member of the supervisory board of MTB Bank, led the transformation of MTB Bank’s corporate governance and conducted major government relation projects at Commerzbank.

If you are interested in our background, you can go to our website, we have our LinkedIn profile listed there. Feel free to connect with us!

Stephanie (BSC.News)

Awesome! Thank you for that amazing introduction, sounds like you have an amazing team behind you

( ⚡️ , ⚡️) Tamas

Thank you!


2. What is MetaReserve and how are you contributing to the BSC ecosystem?


( ⚡️ , ⚡️) Tamas

MetaReserve is designed and built by a credible team of known professionals and being the first of its kind to be supported by a publicly listed company. With a few more strategic partners coming onboard, the experienced team of veterans of both Raiona and partners would be responsible for managing the Treasury's assets efficiently, where each decision is made with the consent of the community. YOU will no longer have sleepless nights not knowing the capability of the team behind this gigantic dream. MetaReserve will take the lead in developing the world's first Metaverse of Innovations, incubating and partnering blockchain enabled games, DeFi, NFT and Metaverse projects. A virtual world where you and I can meet, play and explore new opportunities together.

MetaReserve aims to support builders of the BSC decentralized economy, and showcase the potential of DAOs. We believe MetaReserve is built for and owned by the community, where in the spirit of achieving a united goal and vision, everyone involved in MetaReserve would reap in bountiful rewards.

We are here to make that change. We are here to set new standards!!!

Stephanie (BSC.News)

Okay neat, so to dive even deeper into that


3. Why should investors use MetaReserve and what are the key aspects of the protocol?


( ⚡️ , ⚡️) Tamas

Huhhh, alright. Conventional DAO allows its token holders to vote on the “backed price” of the token from the treasury. At MetaReserve, we bring it up a notch, apart from just staking to earn high yields, we aim to further enhance the crypto ecosystem, allowing other projects to flourish by supporting them, at the same time building up our treasury.

We have a clear purpose; to incubate and partner new innovations or forks in the world of blockchain. MetaReserve’s Treasury targets to allocate a portion of its assets to invest into selected projects and such decisions are made by the DAO. Community members can earn governance tokens and vote on proposed projects to be incubated or partnered with and easily navigate to “MetaReserve Laboratory” to have a quick overview of selected projects as voted by the community.

This initiative enables a seamless and dedicated acceleration platform for projects, giving them the financial assistance, audience and a virtual environment that creates a unique experience for everyone. As an incentive of being part of the governance token structure, community members can gain exclusive early access to new project launches.

We are building an Ecosystem.

More than just a Reserve Currency with the purpose of incubating or partnering promising projects of the GameFi/DeFi space, we want to bring our community an actual Metaverse of Innovations. You must have heard much about Metaverse for social activities, or one that is meant for gaming. We believe in a digital future, where ambitious investors no longer need to travel around the world or to simultaneously join hundreds of launchpads and online communities just to expose themselves to more investment opportunities. We are building a virtual world to unite businesses, projects, platforms in one destination where our users can be in their favourite avatar, explore soon-to-launch projects or join an existing fast-growing P2E game, or learn more about new DeFi protocols that can further grow your digital wealth. Meet new friends, compete with each other in Mini-Games, trade your NFTs, learn and understand more about revolutionizing ideas.

MetaReserve will attract project owners.

With a growing community and partners, MetaReserve aims to launch MetaDEX in 2022, a multi-chain enabled decentralized exchange. We want to provide a seamless experience for both users and partners, allowing convenient listing tokens and a user-friendly destination to trade.

It is no longer a one-stop solution for users/investors, but also for our partners, where a full suite of services is provided, tailored for each project's success. The MetaReserve's Treasury provides financial assistance or acceleration and the Metaverse provides a virtual destination for our partners to have a far and wide outreach. MetaDEX allows convenient listing of tokens and seamless trading experience for all users, garnering further community growth and bringing in more liquidity to our exchange, thus enhancing the overall financial health of MetaReserve. Our final development would be MetaBank, a lending/borrowing platform for the community.

I hope you are as excited as We are for this Project! :) Next please

Stephanie (BSC.News)

Definitely! Thank you for all that information. Let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token


4. What are $POWER and HONOR and how are they utilized on your platform?


( ⚡️ , ⚡️) Tamas

Sure. POWER is the native token of MetaReserve. Similar to the gold standard, $POWER provides a free-floating value its users can always fall back on, simply because of the fractional treasury reserves POWER draws its intrinsic value from.

When you stake, you are locking POWER and you will receive an equal amount of HONOR. Your HONOR balance rebases up automatically at the end of every epoch. When you unstake, your HONOR will be returned to the contract and you will receive an equal amount of POWER tokens at a 1:1 ratio.

Stephanie (BSC.News)

Cool! so to touch more on the ecosystem using the tokens


5. Why is protocol owned liquidity (POL) important?


( ⚡️ , ⚡️) Tamas

Well Stephanie, it is a great question. MetaReserve will own the majority of its liquidity because of its bonding mechanism. The bonding mechanism incentivizes liquidity providers by exchanging their LP tokens with attractive discounts on POWER.

By owning most of its liquidity, it will provide several benefits to the protocol:

- MetaReserve does not need to reward liquidity providers by paying premium returns to incentivize them a.k.a renting liquidity.

- MetaReserve can guarantee that there is always liquidity to facilitate trading in the market.

- Since MetaReserve holds most of its liquidity, it also earns most of the trading fees which also raises the treasury balance.

- All POL can be used to back POWER. The LP tokens are marked down to their risk-free

value for this purpose.

I hope my answer was sufficient! Ready for the next one

Stephanie (BSC.News)

It was sufficient! So let's actually talk about bonding and staking as they are something that I found to be really important


6. How does bonding and staking work on your platform?


( ⚡️ , ⚡️) Tamas

I agree, very important. If you are new to DeFi 2.0, staking is the primary value accrual strategy of MetaReserve. Stakers stake their POWER on the MetaReserve website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of POWER staked in the protocol and the reward rate set by the monetary policy.

Staking is a passive, long-term strategy.

The increase in your stake of POWER translates into a constantly falling cost basis converging on zero. This means even if the market price of POWER drops below your initial purchase price, given a long enough staking period, the increase in your staked POWER balance should eventually outpace the fall in price.

When you stake, you lock POWER and receive an equal amount of HONOR. Your HONOR balance rebases up automatically at the end of every epoch. HONOR is transferable and therefore composable with other DeFi protocols.

When you unstake, you give up your HONOR and receive an equal amount of POWER. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining HONOR (if any) will continue to receive rebase rewards.

Bonding is the secondary value accrual strategy of MetaReserve.

It allows MetaReserve to acquire its own liquidity and other reserve assets such as BUSD by selling POWER at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of POWER tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (POWER tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

Bonding is an active, short-term strategy.

The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking.

Bonding allows MetaReserve to accumulate its own liquidity. We call our own liquidity Protocol Owned Liquidity (POL). More POL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since MetaReserve becomes its own market, on top of additional certainty for investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.

Well, that's all about Staking and Bondig. Go ahead with your next one please

Stephanie (BSC.News)

Thanks for the clarification and explanation!


7. Is your platform audited? How can you ensure users that your platform is safe to use?


( ⚡️ , ⚡️) Tamas

We are in talks with some reputable audit companies. We will update the community once we confirm.

MetaReserve is designed and built by a credible team of known professionals. The experienced team of veterans of Raiona would be responsible for managing the Treasury's assets efficiently, where each decision is made with the consent of the community.

YOU will no longer have sleepless nights not knowing the capability of the team behind this gigantic dream. MetaReserve will take the lead in developing the world's first Metaverse of Innovations, incubating and partnering blockchain enabled games, DeFi, NFT and Metaverse projects. A virtual world where you and I can meet, play and explore new opportunities together.

Go ahead with your next question please.

Stephanie (BSC.News)

Sounds good! Last but not least…


8. Any exciting news you would like to announce here today?


( ⚡️ , ⚡️) Tamas

Let me think... yes indeed

We have 20,000,000% APY and reached $300,000 in TVL in just 1 day of $POWER launch thanks to our community that has put their trust in MetaReserve and our team.

Thanks for your questions!

We can continue to the next stage.

Stephanie (BSC.News)

That is amazing! Would you be able to provide us with social media links so that our community could follow?

( ⚡️ , ⚡️) Tamas

Sure, just a moment.

Website:

Discord:

Twitter:

Telegram Ann:

Telegram: Chat

Reddit:

Medium:

Whitepaper:

GitHub:

YouTube:

Facebook:

Instagram

Stephanie (BSC.News)

Awesome! If you haven't already make sure to go and check out MetaReserve everyone! Super exciting project that you don't want to miss out on :)

( ⚡️ , ⚡️) Tamas

Hope we have answered all your questions. If you like our project, do join our communities of MetaReservian, bond or stake $POWER with us. (⚡️,⚡️)












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