CryptoShrimp (AMA Host): On behalf of BSC News, its my pleasure to host the AMA for Value Defi team. Welcome guys!
Réminiscense: yes , we are ready and excited
Q1 Let’s start with an introduction of the team and do let us know your past experiences?
Prod: Hi Everyone! Thanks for having us. Hi my name is Prod, I am the Community Manager of Value DeFi. I started as a farmer, and fell deeply in love with the project and offered my assistance to wherever it was needed. My responsibilities are simply to make sure the community is satisfied, and to assist the lead Devs with delivery and marketing. I’d like to also introduce Remy, our head of marketing. Remy has years of experience in the marketing field and asked to join the team himself to offer his time and knowledge. He is the driving force behind Value DeFi’s community and marketing team. He organises everything for peak efficiency. The remainder of our team consists of approximately 10 other core members, all with years of experience in Javascript, Solidity and other coding languages. We have such a powerful team with two specialities. Firstly, the developers who love building constantly, always trying to have the best tech possible. Lastly, the community management team, mostly consisting of long-time users trying to better the project in any way. We have such a variety of specialities by doing this.
Réminiscense: Hi guys, my name is Remy and i ma the head of marketing for Value DeFi. I have have been working 5 years in Blockchain as conslutant and advisor. I used to be CM and ambassador when i started to work in blockchain.
CryptoShrimp (AMA Host): sounds like we all started with being a CM! haha
Réminiscense: Now i am leading marketing and partnership , we are glad to work with BSC News to expand our products to BSC ecosystem
Prod: Love for tech and community 💋
CryptoShrimp (AMA Host): is the ceo joining us today as well?
Réminiscense: @Value_DeFi is our co-founder and core dev team big boss
Prod: I believe so, I'd like to introduce @satoshivalue, co-founder and lead Dev of Value DeFi
CryptoShrimp (AMA Host): great we have the fuill team on AMA today !
Prod: We have alot of the team here today! Going to have an opportunity to answer so many Q's
CryptoShrimp (AMA Host): so i assume they will be on and off answering the questions while we get on with the AMA
Value DeFi: yes we are @cryptoshrimp5 ☺️
Prod: 2 Core Devs, and 2 Cm's. Best of both worlds 🙊
Q2 That's great! Tell us more about Value DeFi and when is the project launch?
Prod: Value DeFi protocol is a suite of products that aims to provide all of its users a place in cryptosphere, and we have been live and working hard since August 2020.
vSafe (vaults) where users can safely deposit their assets and receive from 70% to 7 million % apy with our highly profitable auto-compounding tech.
FaaS (farms as a service) which is an innovative concept for new and existing projects to open liquidity pools and reward their own users for providing liquidity. We also offer free exposure with an AMA introduction for new projects to the Value DeFi community (about 9000 Telegram and 7000 Discord members). We recently created our cross-chain seigniorage tokens which we appropriately named vTokens. Then the heart of our ecosystem, vSwap, which is our dual-chain (currently BSC and ETH) automated market maker with the ability to borrow liquidity from other DeX’s for minimal slippage. Finally, our crown jewel, the Governance Vault vGovernance, where users are able to stake their VALUE tokens to receive emissions and profit-share from all products in our expanding ecosystem. Our most recent development now allows users to bridge their staked tokens to BSC with a few clicks to receive additional profit from the BSC ecosystem. At the time of responding to this question, the rate being around 400% apy.Just today we announced partnership with our old friends from Bearn.fi where additional use cases are assigned for it as it will be used as one of lottery tokens and as one of high liquidity pool asset with Bearn.fi stablecoin BDO which will allow vBSWAP/BDO stakers exclusive rights to NFTs that will be used as early access to high APY pools. I believe it is also very important to note that even though vBSWAP is now the token on which all eyes are pointed, VALUE still remains governance and profitshare (by proxy) token of the entire current ValueDeFi ecosystem and future chains.
Value DeFi x bEarn Fi (Next Level Strategic Partnership)
Since its launch on November 24 2020, bEarn Fi has always demonstrated to be a great partner for the on-going growth of the Value DeFi…you can read more detail of the partnership : https://link.medium.com/2on97VnvvebWe will have more use cases in the future. Stay tuned :)
CryptoShrimp (AMA Host): nice thats also a big ecosystem with different coins having different use case.
Réminiscense: yes , we want to create the pillar of the DeFi ecosystem and work with different partners to built the DeFi realted features .There are so much things we can do , and we need more than just us .
Q3 While reading thru the documents, I notice Faas. Do tell us more about this Farms-as-a-Service (FaaS)?
Prod: In line with our mission to make DeFi accessible for everyone, we created Farms-as-Service to allow new projects to easily deploy their own contracts and pools. With Value Liquid’s Pool Creation UI, teams can now create their own desired customized liquidity pools and pairs along with flexible ratios, customizable fees, and minter for the Liquidity Pool with just a couple of clicks. Our service is 100% free and 100% self-serivce, allowing anyone to bootstrap their new project. Using our FaaS Smart Contract, common 'rugpull' methods are prevented as there are no backdoors to any of the pool's funds. In the spirit of making the platform self-service, the Value DeFi community is empowered to review new pools and decide whether or not the projects are deemed as trustworthy or not. A completely decentralized platform. With our new FaaS technology, liquidity providers automatically receive the farming token after providing their liquidity. Gone are the times of putting your Liquidity into Uniswap and after that in a pool using the Smart Contract of the team (that could possibly rugpull by using an implemented backdoor). This makes the process of farming more easy, efficient and safe & secure as there are less steps to perform and the LP tokens stay within the Smart Contract made by the Value DeFi team, which ensures that there are no backdoors.
Q4 how safe is the project, we heard of a flash loan attack that was encountered on ETH network? will there be audits or its being done in another way?
Prod: Value DeFi is an open-source protocol, anyone can check the smart contract and contribute to GitHub. In order to build trust with our investors, we plan to ensure our contracts go through proper audit and we will do what we can to make that happen. We want for our contracts to be built on a trustless DeFi platform with our supporters. We do our best to have all of our contracts and products audited as quickly as possible. Unfortunately, the demand is really high and we’re experiencing extended waiting periods, but we are grateful to community members who are tech-savvy and provide feedback to our code prior to launching. In addition, a lot of the code that is used on BSC were already audited on ETH. For official audit results, you can check our dedicated page where they are all viewable at any time: https://valuedefi.io/audit.
CryptoShrimp (AMA Host): i see so in the near future, the codes used on the BSC will be audited?
Réminiscense: We are working closely with chainlink since the flashloan attacked : https://valuedefi.medium.com/valuedefi-integrating-chainlink-price-feeds-to-ensure-maximum-security-for-relaunch-of-ae807d03311f We are discussing with CertiK and third party auditors in the blockchain field to review and work with us for BSC smart contracts
Satoshivalue: The flashloan exploit in November last year because we were rushing to release state-of-the-art multistables vault using our v2 code. We have learned from our mistakes and take more secure approach now. Current all our vaults on BSC are using v1 code which have been battle-tested at ETH for 6 months. Nevertheless, we understand that security is a work in progress so we are contacting multiple auditors to reaudit our contracts on BSC.
CryptoShrimp (AMA Host): Thats great! we will always not know the unknown, but scrutiny will always be the best solution for all these.. Certik is also another well trusted audit, which we also found out more about it in one of our AMA in BSC News. Glad that you guys are in works for the audit
Réminiscense: I did an AMA with them 1 years and half ago Happy for them that they have growth so much since that time .
CryptoShrimp (AMA Host): Nice and you have taken another path as well
Satoshivalue: Yes we already in contact with Certik. We are trying to finish our current smart contracts upgrade so we could give Certik a final overview of what to be audited.
CryptoShrimp (AMA Host): That means soon you will be done with the audit as welll
Satoshivalue: Not very soon. Certik is also very busy so it depends on their workloads as well.
CryptoShrimp (AMA Host): understand that, safety should be compromised with rushing things to be done.
Q5 That birng me to the next question. What are the ongoing developments?
Value DeFi:
Our current focus:
- vPegSwap permissionless creation with vDollar as base token for all stablecoin pools.
- More routing of vPegSwap and other AMMs like BakerySwap, Thugswap, so that users will benefit more from even better slippage
- cross chain plans for vTokens and VBOND to enhance benefits for VALUE holde...
Q6 Back to the interest of investors, is there any strategy in place to make the token deflationary or is it inflationary model?
Prod: For the VALUE token itself, we already reduced the supply from 21M tokens to roughly 7M tokens. Users can propose the idea to the community (with supporting tokenomics) to vote on additional burning, but currently there are no plans for burning VALUE. We can not outright burn anymore tokens since there are almost no emissions left for VALUE, and soon all tokens will be distributed. So technically the current model is inflationary, but not much longer. However, VALUE is a kind of proxy deflationary token where the ecosystem uses revenue generated from our range of products to buyback circulating VALUE and depositing them into the Governance Vault. However, this does not completely remove them from the blockchain/total supply, it only reduces the circulating supply. Users can withdraw these rewards at any time, putting them back into circulation, hence ‘proxy’ deflation.
Q7 That birng me to the next question. What are the ongoing developments?
Satoshivalue: Our short-term goal is to improve the user experience of our platform, finish vPegSwap permissionless creation because we get a lot of interests from other projects to use our vPegSwap, and to vDOLLAR as based token for all stables pool. Add more routing of vPegSwap and other AMMs like BakerySwap/Thugswap for vSwap so users could profit more from low slippage. Crosschain plans for vTokens and VBOND to add more benefits for VALUE holders.
CryptoShrimp (AMA Host): lower slippage and lower fees will be most welcome in BSC, Im sure everyone agrees on that!
Q8 do share with us all the links for the project, so that we can read and know more about it.
Satoshivalue: We have our extensive documentation site at https://docs.valuedefi.io/, it's still a work-in-progress and we are improving it daily.
Prod: Value DeFi: Bringing True Value to DeFi
The Value DeFi protocol is a platform and suite of products that aim to bring fairness, true value, and innovation to Decentralized Finance.
Prod, [10 Mar 2021 at 11:51:34 PM]:
Website: https://valuedefi.io/
Knowledge Base: https://docs.valuedefi.io/
Twitter :https://twitter.com/value_defi
Discord : https://discord.gg/Dpvd7tp
Telegram :https://t.me/ValueDeFi
vBoard : https://vboard.valuedefi.io/
GitHub: https://github.com/valuedefi
Q9 Lastly do share with us any alphas or juicy news that is upcoming on Value DeFi 🙂
Prod: I'll let my leading co-founders answer those, we'll see what they have to say 😉
Réminiscense: We launched a collaboration with IOTX and we are launching IOTX/BUSD Pancake vSafe, getting extra vBSWAP incentive (+200% APY)
https://twitter.com/value_defi/status/1369589950816063489?s=19
Satoshivalue: I'm not allowed to share it right now due to NDA but we do expect a few big names from ETH will go to BSC and use our ecosystem very soon.
CryptoShrimp (AMA Host): Thank you Value Defi Team, for your time spent here with BSC News, I hope this AMA is able to let the audience know more about the project and I wish you all the best in your future development with Value DeFi!
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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
BSC.NEWS hosts Value Defi, a platform that is Bringing True VALUE to DeFi. All questions answered by @satoshivalue (satoshivalue), @Prod_Value (Prod), @Value_DeFi (Value DeFi) and @Reminiscensebienbao (Réminiscense)
CryptoShrimp (AMA Host): On behalf of BSC News, its my pleasure to host the AMA for Value Defi team. Welcome guys!
Réminiscense: yes , we are ready and excited
Q1 Let’s start with an introduction of the team and do let us know your past experiences?
Prod: Hi Everyone! Thanks for having us. Hi my name is Prod, I am the Community Manager of Value DeFi. I started as a farmer, and fell deeply in love with the project and offered my assistance to wherever it was needed. My responsibilities are simply to make sure the community is satisfied, and to assist the lead Devs with delivery and marketing. I’d like to also introduce Remy, our head of marketing. Remy has years of experience in the marketing field and asked to join the team himself to offer his time and knowledge. He is the driving force behind Value DeFi’s community and marketing team. He organises everything for peak efficiency. The remainder of our team consists of approximately 10 other core members, all with years of experience in Javascript, Solidity and other coding languages. We have such a powerful team with two specialities. Firstly, the developers who love building constantly, always trying to have the best tech possible. Lastly, the community management team, mostly consisting of long-time users trying to better the project in any way. We have such a variety of specialities by doing this.
Réminiscense: Hi guys, my name is Remy and i ma the head of marketing for Value DeFi. I have have been working 5 years in Blockchain as conslutant and advisor. I used to be CM and ambassador when i started to work in blockchain.
CryptoShrimp (AMA Host): sounds like we all started with being a CM! haha
Réminiscense: Now i am leading marketing and partnership , we are glad to work with BSC News to expand our products to BSC ecosystem
Prod: Love for tech and community 💋
CryptoShrimp (AMA Host): is the ceo joining us today as well?
Réminiscense: @Value_DeFi is our co-founder and core dev team big boss
Prod: I believe so, I'd like to introduce @satoshivalue, co-founder and lead Dev of Value DeFi
CryptoShrimp (AMA Host): great we have the fuill team on AMA today !
Prod: We have alot of the team here today! Going to have an opportunity to answer so many Q's
CryptoShrimp (AMA Host): so i assume they will be on and off answering the questions while we get on with the AMA
Value DeFi: yes we are @cryptoshrimp5 ☺️
Prod: 2 Core Devs, and 2 Cm's. Best of both worlds 🙊
Q2 That's great! Tell us more about Value DeFi and when is the project launch?
Prod: Value DeFi protocol is a suite of products that aims to provide all of its users a place in cryptosphere, and we have been live and working hard since August 2020.
vSafe (vaults) where users can safely deposit their assets and receive from 70% to 7 million % apy with our highly profitable auto-compounding tech.
FaaS (farms as a service) which is an innovative concept for new and existing projects to open liquidity pools and reward their own users for providing liquidity. We also offer free exposure with an AMA introduction for new projects to the Value DeFi community (about 9000 Telegram and 7000 Discord members). We recently created our cross-chain seigniorage tokens which we appropriately named vTokens. Then the heart of our ecosystem, vSwap, which is our dual-chain (currently BSC and ETH) automated market maker with the ability to borrow liquidity from other DeX’s for minimal slippage. Finally, our crown jewel, the Governance Vault vGovernance, where users are able to stake their VALUE tokens to receive emissions and profit-share from all products in our expanding ecosystem. Our most recent development now allows users to bridge their staked tokens to BSC with a few clicks to receive additional profit from the BSC ecosystem. At the time of responding to this question, the rate being around 400% apy.Just today we announced partnership with our old friends from Bearn.fi where additional use cases are assigned for it as it will be used as one of lottery tokens and as one of high liquidity pool asset with Bearn.fi stablecoin BDO which will allow vBSWAP/BDO stakers exclusive rights to NFTs that will be used as early access to high APY pools. I believe it is also very important to note that even though vBSWAP is now the token on which all eyes are pointed, VALUE still remains governance and profitshare (by proxy) token of the entire current ValueDeFi ecosystem and future chains.
Value DeFi x bEarn Fi (Next Level Strategic Partnership)
Since its launch on November 24 2020, bEarn Fi has always demonstrated to be a great partner for the on-going growth of the Value DeFi…you can read more detail of the partnership : https://link.medium.com/2on97VnvvebWe will have more use cases in the future. Stay tuned :)
CryptoShrimp (AMA Host): nice thats also a big ecosystem with different coins having different use case.
Réminiscense: yes , we want to create the pillar of the DeFi ecosystem and work with different partners to built the DeFi realted features .There are so much things we can do , and we need more than just us .
Q3 While reading thru the documents, I notice Faas. Do tell us more about this Farms-as-a-Service (FaaS)?
Prod: In line with our mission to make DeFi accessible for everyone, we created Farms-as-Service to allow new projects to easily deploy their own contracts and pools. With Value Liquid’s Pool Creation UI, teams can now create their own desired customized liquidity pools and pairs along with flexible ratios, customizable fees, and minter for the Liquidity Pool with just a couple of clicks. Our service is 100% free and 100% self-serivce, allowing anyone to bootstrap their new project. Using our FaaS Smart Contract, common 'rugpull' methods are prevented as there are no backdoors to any of the pool's funds. In the spirit of making the platform self-service, the Value DeFi community is empowered to review new pools and decide whether or not the projects are deemed as trustworthy or not. A completely decentralized platform. With our new FaaS technology, liquidity providers automatically receive the farming token after providing their liquidity. Gone are the times of putting your Liquidity into Uniswap and after that in a pool using the Smart Contract of the team (that could possibly rugpull by using an implemented backdoor). This makes the process of farming more easy, efficient and safe & secure as there are less steps to perform and the LP tokens stay within the Smart Contract made by the Value DeFi team, which ensures that there are no backdoors.
Q4 how safe is the project, we heard of a flash loan attack that was encountered on ETH network? will there be audits or its being done in another way?
Prod: Value DeFi is an open-source protocol, anyone can check the smart contract and contribute to GitHub. In order to build trust with our investors, we plan to ensure our contracts go through proper audit and we will do what we can to make that happen. We want for our contracts to be built on a trustless DeFi platform with our supporters. We do our best to have all of our contracts and products audited as quickly as possible. Unfortunately, the demand is really high and we’re experiencing extended waiting periods, but we are grateful to community members who are tech-savvy and provide feedback to our code prior to launching. In addition, a lot of the code that is used on BSC were already audited on ETH. For official audit results, you can check our dedicated page where they are all viewable at any time: https://valuedefi.io/audit.
CryptoShrimp (AMA Host): i see so in the near future, the codes used on the BSC will be audited?
Réminiscense: We are working closely with chainlink since the flashloan attacked : https://valuedefi.medium.com/valuedefi-integrating-chainlink-price-feeds-to-ensure-maximum-security-for-relaunch-of-ae807d03311f We are discussing with CertiK and third party auditors in the blockchain field to review and work with us for BSC smart contracts
Satoshivalue: The flashloan exploit in November last year because we were rushing to release state-of-the-art multistables vault using our v2 code. We have learned from our mistakes and take more secure approach now. Current all our vaults on BSC are using v1 code which have been battle-tested at ETH for 6 months. Nevertheless, we understand that security is a work in progress so we are contacting multiple auditors to reaudit our contracts on BSC.
CryptoShrimp (AMA Host): Thats great! we will always not know the unknown, but scrutiny will always be the best solution for all these.. Certik is also another well trusted audit, which we also found out more about it in one of our AMA in BSC News. Glad that you guys are in works for the audit
Réminiscense: I did an AMA with them 1 years and half ago Happy for them that they have growth so much since that time .
CryptoShrimp (AMA Host): Nice and you have taken another path as well
Satoshivalue: Yes we already in contact with Certik. We are trying to finish our current smart contracts upgrade so we could give Certik a final overview of what to be audited.
CryptoShrimp (AMA Host): That means soon you will be done with the audit as welll
Satoshivalue: Not very soon. Certik is also very busy so it depends on their workloads as well.
CryptoShrimp (AMA Host): understand that, safety should be compromised with rushing things to be done.
Q5 That birng me to the next question. What are the ongoing developments?
Value DeFi:
Our current focus:
- vPegSwap permissionless creation with vDollar as base token for all stablecoin pools.
- More routing of vPegSwap and other AMMs like BakerySwap, Thugswap, so that users will benefit more from even better slippage
- cross chain plans for vTokens and VBOND to enhance benefits for VALUE holde...
Q6 Back to the interest of investors, is there any strategy in place to make the token deflationary or is it inflationary model?
Prod: For the VALUE token itself, we already reduced the supply from 21M tokens to roughly 7M tokens. Users can propose the idea to the community (with supporting tokenomics) to vote on additional burning, but currently there are no plans for burning VALUE. We can not outright burn anymore tokens since there are almost no emissions left for VALUE, and soon all tokens will be distributed. So technically the current model is inflationary, but not much longer. However, VALUE is a kind of proxy deflationary token where the ecosystem uses revenue generated from our range of products to buyback circulating VALUE and depositing them into the Governance Vault. However, this does not completely remove them from the blockchain/total supply, it only reduces the circulating supply. Users can withdraw these rewards at any time, putting them back into circulation, hence ‘proxy’ deflation.
Q7 That birng me to the next question. What are the ongoing developments?
Satoshivalue: Our short-term goal is to improve the user experience of our platform, finish vPegSwap permissionless creation because we get a lot of interests from other projects to use our vPegSwap, and to vDOLLAR as based token for all stables pool. Add more routing of vPegSwap and other AMMs like BakerySwap/Thugswap for vSwap so users could profit more from low slippage. Crosschain plans for vTokens and VBOND to add more benefits for VALUE holders.
CryptoShrimp (AMA Host): lower slippage and lower fees will be most welcome in BSC, Im sure everyone agrees on that!
Q8 do share with us all the links for the project, so that we can read and know more about it.
Satoshivalue: We have our extensive documentation site at https://docs.valuedefi.io/, it's still a work-in-progress and we are improving it daily.
Prod: Value DeFi: Bringing True Value to DeFi
The Value DeFi protocol is a platform and suite of products that aim to bring fairness, true value, and innovation to Decentralized Finance.
Prod, [10 Mar 2021 at 11:51:34 PM]:
Website: https://valuedefi.io/
Knowledge Base: https://docs.valuedefi.io/
Twitter :https://twitter.com/value_defi
Discord : https://discord.gg/Dpvd7tp
Telegram :https://t.me/ValueDeFi
vBoard : https://vboard.valuedefi.io/
GitHub: https://github.com/valuedefi
Q9 Lastly do share with us any alphas or juicy news that is upcoming on Value DeFi 🙂
Prod: I'll let my leading co-founders answer those, we'll see what they have to say 😉
Réminiscense: We launched a collaboration with IOTX and we are launching IOTX/BUSD Pancake vSafe, getting extra vBSWAP incentive (+200% APY)
https://twitter.com/value_defi/status/1369589950816063489?s=19
Satoshivalue: I'm not allowed to share it right now due to NDA but we do expect a few big names from ETH will go to BSC and use our ecosystem very soon.
CryptoShrimp (AMA Host): Thank you Value Defi Team, for your time spent here with BSC News, I hope this AMA is able to let the audience know more about the project and I wish you all the best in your future development with Value DeFi!
