On 14th of December, YFiONE conducted an AMA on Crypto Revolution Community. Our guest was Max Linx, Project Manager of YFiONE. Impressive interest from our Community with a lot of questions on both Twitter and Telegram. Let’s take a look at most interesting points of the AMA.
INTRODUCTION AND TWITTER QUESTIONS
Danny | Crypto Revolution: Okay guys. It’s time for another portion of Crypto Revolution AMAs. Let’s welcome Max Linx and YFIONE Finance. Chat is muted.
Max Linx: Thank you, I’m so excited.
Danny | Crypto Revolution: We as well. Welcome. Could you please introduce yourself and tell us how did you get involved into Crypto?
Max Linx: Great. My name is Max, got into crypto between 2014 to 2015. My journey has been awesome so far. And being the project manager of YFiONE project. My mission is to see and make sure YFiONE succeeds.
Danny | Crypto Revolution: Nice. Old dog in Crypto. How was your Experience in Crypto Winter 2017/2018 man?
Max Linx: Started gracefully like everyone else until the ship sank after hitting an iceberg. Lots of life lost like the titanic. Everywhere was bloody hahah but we did survive for those of us who used stop-loss.
Danny | Crypto Revolution: Haha. Couldn’t say it better. Lol. Could you please describe what is YFIONE Finance in few simple sentences?
Max Linx: Yeah sure. YFiONE is basically a community driven DeFi-project which aims to ideate and build several Defi products to form a DEFI ecosystem, with a simplified UI and sleek designs that can be used by everyone including non coiners.
It’s basically a DVC ecosystem ( Decentralized Venture capital) meaning with just having/Holding the $YFO token you can access the whole ecosystem of the YFiONE Products.
Danny | Crypto Revolution: What kind of YFIONE Products?
Max Linx: Building decentralized applications that will cut across several industries.
Danny | Crypto Revolution: Impressive.
Max Linx: We currently have the One Stake platform coming soon.
Danny | Crypto Revolution: You guys listed on any Exchange or listing coming soon?
Max Linx: Listed on more than 8 exchanges with exchanges official announcement, but trading will start soon (Dec 25th).
Danny | Crypto Revolution: Exactly on Christmas day. Could you please mention few words for the Tokenomics?
Max Linx: Yeah. Our Tokenomics is literally decentralized since 65% is allocated to the community and the other for development, marketing and team. Meanwhile team funds will locked for 5 months.
Danny | Crypto Revolution: Your Contract is audited?
Max Linx: Secure, audited and trusted: https://www.dpanquan.com/so_product?keyword=YFIONE.
Danny | Crypto Revolution: Thanks for Introduction man. Jumping straight to Twitter questions now.
Max Linx: Great.
Q1 from @y1sus_afp
YFione offers Decentralized Insurance Applications. With this protocol, what type of assets do you plan to ensure? Will you include in the future centralized assets for secure them through this Yfione project?
Max Linx: Currently, everything is in vague ideas now and we are just taking baby steps to see which works best for the team and users of the platform.
So in the future we can’t really tell if we might add Centralized assets, and you have to understand that hype drives wants in crypto. We don’t know the next hype which will occur again after defi.
And to add, all what i can say is we will start all products as decentralized and add decentralized assets for a start.
Danny | Crypto Revolution: Do you have any Partnerships you can mention?
Max Linx: Yes, we have strong partnerships with some exchanges like Cointiger, Catex, Digifinex, ChainX and Dcoin. For staking, we have Ferrum Network. For others, Bitkeep wallet and StateofthedApp.
Danny | Crypto Revolution: Ferrum Network and UniFyre Wallet are huge.
Max Linx: Yes they are and we are so happy to be in partnership with them.
Q2 from @alej_pacedo
By February 2021 YFione will launch the Swap platform. What aspects will YFione improve compared to all the other Swaps that we know? What will be the advantages of this YFione product over all others?
Danny | Crypto Revolution: Chat get ready for the Live Part Questions after Max answer!
Max Linx: Apart from the sleek designs and ready to use interface, we are mainly focus on the technological aspects of the ONE Swap platform.
Our swap platform might not necessarily be just ERC20 enabled swapping but also other tokens running on other protocols.
We might improve other aspects as we launch, but the platform will surely be huge in the crypto space because of the amounts of work we put in.
Danny | Crypto Revolution: Thank you for the answers, Max. Ready for Questions from Community?
Max Linx: Yes I am, Danny. Can’t wait.
TELEGRAM QUESTIONS
Telegram User:
Can you tell us a little about the degree of decentralization and governance commodity of this protocol? How to trust the project?
Max Linx: The YFiONE project is a decentralized community driven DeFi-project. The YFO TOKEN is a governance token, meaning holding this token will give you righs and power to interfere on the YFiONE community governance when its portal is open for community decision making. The YFO is an erc20 token and protocols under the Ethereum algorithm. The smartcontract is decentralized and safe, so you can always trust the code.
Telegram User:
Who is your target customers- professional traders or the one’s that are just getting started? Who can benefit the most from the tools that you are offering?
Max Linx: We are building our products for everyone but our target is for non coiners. And that’s why we are charged with building a more intuitive and easy-to-use platform with web3 technology. I will say everyone who uses the platform.
Telegram User:
As an investor & early adopter, I find it difficult to access/value a project in the short term & require longer periods of time to fully understand, recognise & value it. So, to help my understanding, can you tell me what plans are set in motion to add value to YFIONE?
Max Linx: Holding an international passport is like a gateway to see the world right? The YFiONE ecosystem will be comprised of several valuable defi products, not just 3 or 10… but 100+ and this products being defi inclined will be valuable. An ecosystem of many products with just ONE token to rule them all.
$YFO is the gateway to access these products on the ecosystem. $YFO is so cheap at the moment but when we start implementating and launching this products, the ecosystem will be so valuable than BTC it self that holding 0.0003 $YFO might be valuable.
So with time, holding just little $YFO can be more than holding YFI. We know what we are building (Though this is not an investment advice, please do your own research).
Telegram User:
How does YFiONE have an income plan to keep the project going?
Max Linx: All our Presale has been done successfully and we have allocated and have enough to fund YFiONE project and make it a huge success with the help of everyone.
CONCLUSION
Danny | Crypto Revolution: Thanks for your time, Max. Final Words for Community please. Before I open the chat.
Max Linx: Thank you.
Danny | Crypto Revolution: Opening the Chat now.
For more information and future AMAs, join our Social Media channels:
Website: https://crypto-revolution.io
Telegram group: https://t.me/crypto_revolution1
Twitter: https://twitter.com/revolut20?s=09
Our Partner:
Website: https://yfione.finance/
Telegram group: https://t.me/YFI_ONE
Twitter: http://twitter.com/yfione
