On 25 of August Crypto Phoenix conducted an AMA in Crypto Revolution Community. Our guest was Fluffy North from Crypto Phoenix. Let’s take a look at the most interesting points from our Conversation!
Danny | Crypto Revolution: Group is muted. AMA is starting. Don't forget to join Crypto Phoenix Telegram group: https://t.me/Crypto_Phoenix_Official
Danny | Crypto Revolution: Welcome @Fluffy_North
Danny | Crypto Revolution: Happy to have you with us today
Fluffy North: Glad to be here
Danny | Crypto Revolution: Could you please introduce yourself and tell us how did you get involved into Crypto?
Fluffy North: I'm Fluffy_north or Fluffy as everyone calls me. I got involved in crypto in 2007 chasing after bitcoin. I further dove in when erc tokens began trending.
Danny | Crypto Revolution: Lol. 2007 we have old Crypto Dog here.
Fluffy North: I was the guy who traded bitcoin for a pizza
Danny | Crypto Revolution: Haha. Nice
Danny | Crypto Revolution: You think we go again in the Bullish Trend. Seems Market is turning back Bullish
Fluffy North: Oh I think we're just seeing the beginning of the bulls take over.
Fluffy North: Crypto is by no means a short term investment. Crypto is still in it's early stages.
Danny | Crypto Revolution: True! Totally agree
Danny | Crypto Revolution: Could you please introduce Crypto Phoenix in Layman's term to the Community?
Danny | Crypto Revolution: In my Personal Life. Hopefully will be in Crypto as well
Danny | Crypto Revolution: Btw nobody from my Community know that ( I'll share something personal ) I have big tattoo Phoenix on my bag. So Phoenix is really symbolic in my Life!!
Fluffy North: Picture or it didn't happen lol
Danny | Crypto Revolution: 'll share picture in a bit
Fluffy North: I'll pin it in my group
Fluffy North: I as an investor was tired of seeing short term investor's (pump n' dumpers) walk away as winners everytime leaving holders holding the bag. My solution was to bring in a high auto-burn mechanic (16%) in to reward long term investor's so as the supply decreases with buys and sells the with demand will continue to raise the value. Long term due to the burn mechanics we are going to implement Phoenix Pay which is dependent on price stabilization which we plan to achieve with the burning of the supply.
Danny | Crypto Revolution: Don't you think there are too many tokens with auto burn Mechanism out there and they were not very successful
Fluffy North: You would think there would be. But until recently I haven't found anyone using this method. For those who we're unsuccessful it would have been an unnoticeable amount. I poured over the math for months looking for a sweet spot that kept the burn high without being overwhelming and just low enough to give the contract a sustainable life span.
Fluffy North: I was an admin for an inu group since the early stages and noticed the most common question everyone had was wen burn? Always dependent on a buy back and manual burn which to me seemed archaic. Auto-burns put the circulating supply in the investors hands where I believe it belongs.
Danny | Crypto Revolution: Btw this is it
Fluffy North: Love it
Danny | Crypto Revolution: Did that one in US. 2 days. About 13 hours each day
Danny | Crypto Revolution: Yeap. Got your point. Few words for the Tokenomics?
Fluffy North: 16% auto-burn, 4% marketing, 2% reflection, 5% max wallet capacity of total supply 2.5% max buy of total supply
Danny | Crypto Revolution: Thank you
Danny | Crypto Revolution: Btw Congratulations for getting on Coingecko today
Fluffy North: Thank you, and thank you to CoinGecko their timing was perfect.
Danny | Crypto Revolution: Haha. Man of his Words
Danny | Crypto Revolution: Don't you think the Liquidity on Uniswap is not enough? And many people won't buy because of it?
Fluffy North: The liquidity grows as the market cap grows. We are also always adding to the liquidity pool as well so we will be constantly building and growing.
Danny | Crypto Revolution: Nice to hear that. Do you plan to add other DEXs in the Future so people have more options to buy? Or even CEXs?
Fluffy North: Yes. We have our eyes set on Matic next to deal with txn fees as well as sushiswap. We are on StarBase as well which just released it's beta on Google Play Store as well as ios.
Danny | Crypto Revolution: Nicee. Your Contract is audited?
Fluffy North: We're also talking with Fegex atm
Fluffy North: Correct. Our contract was audited by Techrate early on. We have since renounced the contract fully once the audit was completed and will be doing another audit soon
Danny | Crypto Revolution: What are your Marketing plans for the upcoming weeks/months?
Fluffy North: Spreading awareness, using the marketing funds wisely to grow and expand. I've found organic growth is the healthiest way to grow. But expanding on additional cex's and dex's is our top priority at the moment.
Danny | Crypto Revolution: Got it. Organic growth is always the Best Strategy
Danny | Crypto Revolution: Thanks for covering my questions man. Ready to get some from Community?
Fluffy North: Sure
TELEGRAM QUESTIONS:
Telegram user: Where can we buy your Tokens to invest in your project and what is your current contract? What are the advantages of investing your tokens?
Fluffy North: https://www.dextools.io/app/uniswap/pair-explorer/0x80eac0b5954d861849824e21dba32c3b3b90ef96
Contract address 0x8689d850cdf3b74a1f6a5eb60302c785b71c2fc7
Uniswap, 1inch, or StarBase
Telegram user: what's the big next step in your roadmap that would attract investors to your project ??
Fluffy North: For this Quarter on our roadmap it would be getting our CMC listing. Having an investment designed to benefit long term holders would be our most attractive feature until Phoenix Pay has been deployed.
Telegram user: Most of the new investors, only focus on the price of the token, and the short term benefits of the project rather than understanding the true value of the project. Can you tell us about the motivations and benefits for investors to hold your tokens long term?
Fluffy North: The auto-burn mechanics decreases the curculating supply so those that hold the longest reap the most benefits. Bitcoin's halving inspired the auto-burn mechanism but instead of waiting every few years short term holders burn through the supply to increase the value of the remaining supply being held by long term investors.
Telegram user: Hi sir I have a question Do you have any plans to add Nft's to your ecosystem as this is the hottest topic in the crypto space?
Fluffy North: At the moment we're rewarding our community with NFT badges. I'm relatively new on the trending NFT space but we're definitely looking into it as it seems to be here to stay.
Telegram user: BSC is really in trending now because it has low gas fee and high transaction speed. Have you any plan to move on BSC?
Fluffy North: The Team and I have discussed it on multiple occasions, but I've watched erc20 investors get hurt by adding the deployment on BSC. Our first priority has always been about doing right by our investors as anyone in our community would be glad to confirm. If we find a viable solution to have our contract deployed on BSC as well as ERC without the possibility of hurting our investors then we will do it.
Danny | Crypto Revolution: Almost 100 Questions for you @Fluffy_North
Fluffy North: overwhelming and difficult to choose. So many great questions.
Telegram user: For trust and security AUDIT is important and any Audit been done yet,?
Fluffy North: Yes we have been audited by Techrate and will be getting another in the near future. For your NFT link please reach out to @PhoenixPhire
Telegram user: You mentioned that as supply decreases with purchases and sales, demand continues to increase in value. is it possible that some pump n 'dumpers can sabotage this formula?
Fluffy North: Pump n dumpers speed up the process. Demand doesn't necessarily decrease due to the supply diminishing. The value continues to increase as supply decreases so long as there is demand.
Danny | Crypto Revolution: I think you can do one last one
Fluffy North: I think I've exceeded the 5 questions but feel free to ask away anytime in the Crypto Phoenix community and I'll be happy to answer them as promptly as I can. Thank you for your time Danny.
Telegram user: What do you want to receive from the community And how can we help with your project towards the launch?
Fluffy North: Spreading awareness is key to our growth in this early stage. Social media is a powerful tool for the world of defi. We have already deployed on July 6th 2021 as a fair launch.
CONCLUSION:
Danny | Crypto Revolution: Thanks for your Valuable time bro. Final Words for Community please?
Fluffy North: This has been a terrific and welcoming experience, I thank you @dani_unss and the Crypto Revolution Community for your time and inquisitive well thought out questions.
OUR PARTNER:
Website: https://cryptophoenix.org
Twitter: https://twitter.com/Phoenix_Crypto_
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Reddit: https://reddit.com/r/CryptoPhoenix
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