YVS Finance AMA Recap Crypto Revolution Telegram group

By Crypto Revolution | Crypto Revolution Telegram Group AMA Recaps | 14 Dec 2020

On 10th of December, YVS Finance conducted an AMA on Crypto Revolution Community. Our guest was Lucas, Co‑Founder and CEO of YVS Finance. 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 Lucas and YVS Finance. Welcome Lucas. Happy to have you with us today.

Lucas: Hello everyone! Happy to be here with you today as well, Danny!

Danny | Crypto Revolution: Could you please introduce yourself and tell us how did you get involved into Crypto?

Lucas: Sure! Looking forward to presenting our unique project to you!

Danny | Crypto Revolution: Same with me bro.

Lucas: After several years of experience in financial markets throughout Europe in several banking and fintech companies, I have decided to leave the traditional sector and focus on developing innovative, transparent, and self-executing smart contracts focusing on decentralized finance products, because I found that traditional finance is just too far away from the customers and the wishes of the customers. I have completed my studies in the field of macroeconomics and have been involved with crypto since 2017 when I started to do blockchain programming and creating mining software for crypto mining farms.

Together with my team, our goal is to build blockchain services that do not require governance or admin control and are completely self-sustainable from the deployment onwards. We have collectively decided to stay anonymous, because we can not have and do not wish to have any further impact on the project after the initial launch as everything will be pre-programmed. This will bring the ultimate security for investors.

That’s a brief introduction of myself and our small team behind it!

Danny | Crypto Revolution: Yeah but you know staying anon also will turn some Investors away.

Lucas: Of course, but we believe that with our project you will be more secure than with most other anon teams in the defi space which can sometimes be just fake profiles or simply names with a fake history. We rather keep true since the beginning and try to show you we’ve created something different.

Danny | Crypto Revolution: What kind of Crypto you were mining in the Crypto Mining Farms?

Lucas: In the early days it was still Ethereum, but then we branched out to mining at those time interesting projects such as Ravencoin, Monero and similar :)

Danny | Crypto Revolution: Oh nice.

Lucas: We were never involved with Bitcoin directly.. prefer to keep it on our own terms with our own equipment :)

Danny | Crypto Revolution: So what the points that are the same in Macroeconomics and Crypto?

Lucas: Haha, it’s interesting to study macroeconomics and learn about the effects of politics, distribution, welfare etc on world economies and then you can see the same thing created programmatically on blockchain! That’s what got me into this field and the possibilities you can create with it.

I believe this technology and money economies created with blockchain have much more to offer and it’s amazing to see how many new projects are launched every day

Danny | Crypto Revolution: Do you think Crypto is kind of Safe Heaven especially now with COVID-19 Situation all over the World and Economy Crisis everyone is predicting after?

Lucas: I think that’s what more and more people see it as, yes. But as we’ve seen in March, not even crypto is disconnected from the real world economy — the truth is that it also can not be completely. But what is apparent is that people during these times of quarantine and isolation turned towards crypto, blockchain and fintech as new investment opportunities and I think that won’t disappear as the measures regarding covid get more relaxed. We are still a very small market in comparison to any other traditional market such as metals or stocks.

Danny | Crypto Revolution: You think Bull Run is coming or we already passed?

Lucas: Of course it’s just my opinion, but I believe that we still have more room to go upwards :) just the amount of trading volume, new players coming and in general good news regarding crypto, I don’t know why we should stop here — but you never know, might be a period of consolidation before we move onwards.

Danny | Crypto Revolution: Yeah, true. Could you please describe what is YVS Finance in few simple sentences?

Lucas: Gladly! YVS is an innovative decentralized finance project that combines the best features for creating a truly unique, transparent and secure yield-farming platform. Because the smart contracts are completely pre-programmed before launch, investors can be calm with their deposits into our project.

All tokens, from the pre-sale to the last token distributed, are coded in the contracts and can not be changed anymore. Everything will be audited by the top blockchain security firm Hacken and there will be no admin control on the contracts and no functions exposed that could lead to exploits.

We’re just one day prior to our presale launch and we hope that we can get at least some of you interested into our new project! Upon launch we’ll be offering yield-farming, staking and vaults immediately with guaranteed rewards for the next 20 months.

Danny | Crypto Revolution: When the Audit will be done?

Lucas: We have a deadline from Hacken by tomorrow, but there might be a delay — that’s why we’re ready to delay the start if there is such a case. But we’ve received news from them that everything is going as scheduled. The presale will also last for 5 days so we have plenty of time to fix any issues if they find them.

Danny | Crypto Revolution: Presale starting today?

Lucas: Presale starts tomorrow at 4 PM UTC, if it’s okay with you, I can share just one promo picture for anyone interested.

Danny | Crypto Revolution: Yeah go ahead.

Lucas: For more information you can visit our website, yvs.finance!

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Danny | Crypto Revolution: Great, thank you. Jumping right on to Twitter questions now.

Lucas: Let’s do it.

Q1 from @KostasmedM

Many cryptocurrency projects are only gives sweet promise at the begining but on the reality, the project are stuck, die slowly and then get Failed. In what statement YVS finance convince users that project is not only exist for a while, raises funds, and disappears?

Lucas: We have a guaranteed payout period of 20 months and combined with our unique 0.75 % burn rate we will be able to provide rewards to users for as long as the Ethereum blockchain itself exists. By having a deflationary token economy model this will bring long-term value to the token and ensure our investors that they will be able to farm and stake for a very long time.

Unlike most other projects, we also offer the full suite of defi features already on launch — yield-farming, staking and vaults without any delays or limitations, this is a huge advantage over similar projects. We also dedicate a large portion of the presale itself and of the token distribution to the development and promotion of the platform.

Danny | Crypto Revolution: Impressive man. Are you doing any kind of Marketing except AMAs at the moment. Like getting in touch with Crypto Influencers who will talk about YVS Finance?

Lucas: Yes, that’s already in the works, but as you know and the community knows, such promotions, especially on Twitter, are very expensive. But we have things planned for the presale and for the launch event itself, where we’re dedicating 30 % of the presale to boost our audience and get the hype going on. We all know it’s needed in the cryptosphere.

But currently we’re focusing on AMAs and doing around 3 per day to get new users and to start presenting our project. So far the response has been very positive!

Danny | Crypto Revolution: Listing on Uniswap will be immediately after Presale End?

Lucas: Immediately after presale end and done completely automatically by the contract — no control from the developers. Any user can click the “distribute” button on our website and the tokens will be sent out and claims for tokens will be opened. It’s a completely decentralized approach.

Danny | Crypto Revolution: Awesome.

Q2 from @Lopyou54804819

YVS Finance recently partnered with Just Liquidity. What were the reasons for this merger? How will Just Liquidity help improve and meet the goals YVS has set for itself?

Lucas: JustLiquidity is a renowned name in the blockchain industry, which provides many services to both normal users and emerging projects themselves. We will be using their services to connect to BSC in the future to provide cross-chain liquidity and also locking all remaining project tokens in their protocol for ultimate security.

This will be a huge benefit for us as it will show we have no bad intentions with the project funds and they will only be used for specific purposes such as exchange listings in the future, promotions, marketing campaigns etc. By locking our tokens with them, the community has a 10 day vesting period to see all transfers and to ask why these transfers are happening, which will be publicly stated.

Danny | Crypto Revolution: Could you please mention few words for YVS Finance Tokenomics?

Lucas: Of course, let me share some quick details:

Total supply: 2.000.000 $YVS (no minting)

Presale: 100.000 $YVS (30 % locked in Uniswap for 1 year)

Burn rate: 0.75 % on every transfer (except to staking pool)

Developer rate: No developer rate

The burn rate is used to fund rewards after the initial 20-month period and is active on all transfers except from/to the staking pool. Because of the limited total supply and no minting capabilities we have a deflationary token system with a constant reward amount per day — this will balance out the inflation on a longer basis and provide long-term value to the token.

The distribution of the YVS tokens is as follows:

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Danny | Crypto Revolution: Thanks for sharing, Lucas.

Lucas: We’re really trying to build a long-term model with this project — we’re not distributing everything at the start and promising crazy rewards but we’re spreading it out over a long period.

Danny | Crypto Revolution: Which is the right strategy in my opinion.

Q3 from @Winterkom

If there is a mistake in the smart contract that leads to a big security breach, would the project be completely destroyed because the smart contract cannot be modified?

Danny | Crypto Revolution: Chat get ready for Quiz Part after the Answer!!!

Lucas: That’s a very valid question! We are experienced solidity developers and we believe in the quality of our code. That is why we’ve announced a collaboration with Hacken, one of the most reputable blockchain auditing firms, to conduct a full review of our project repository.

All the functionality has already been pre-tested on Ropsten and this audit will only solidify the quality of our code and products. And remember, all of this is done pre-launch so there is no doubt for our investors. Not many other projects can say something like this.

All possible security breaches have been accounted for — flash loans, back-doors and all other types of exploits are programmatically disabled and we’ve made it completely decentralized where only the contract itself can execute functions.

And if anything does go wrong — we have a built in refund system for the users. We’re not trying to scam anyone and we don’t have any bad intentions. It’s all there in the code and viewable by anyone.

Danny | Crypto Revolution: Btw how many people are in the Team and working for the Project?

Lucas: We’re two solidity programmers, a website programmer, a designer, our marketing lead and an amazing community manager that takes care of so many things, we can’t thank him enough!

Danny | Crypto Revolution: Thank you for the answers, Lucas.

Lucas: Thank you for the great questions!

Danny | Crypto Revolution: Ready for Quiz Part?

Lucas: Haha, let’s do it.

QUIZ PART

Question: What DeFi features will we offer after the launch of our platform? Hint: what does our project name stand for?

Answer: Yield-farming, vaults and staking.

Question: What does it mean that the contracts will have no admin control in a few words? How do we ensure security to investors?

Best answer: All tokens, from the pre-sale to the last token distributed, are coded in the contracts and can not be changed anymore.

Question: How long will the initial reward distribution in the staking pool, liquidity pool and vaults last?

Answer: 20 months.

Question: When do we start our presale and what is special about it?

Answer: Date: 11.12.2020 at 4pm UTC (duration: 5 days)

Price: 1 ETH = 45 $YVS (1 $YVS ≈ 13 USD)

Limit: min. 1 ETH / max. 50 ETH

Daily bonus: 12.5 % / 7.5 % / 5 % / 2.5 % / 0 %

Referral bonus: 1.0 % (split between depositor and referrer)

TELEGRAM QUESTIONS

Telegram User:

Can you tell more about the liquidity pools that YVS Finance will initially have? Which tokens can we earn / peg at first?

Lucas: We will have one liquidity pool — ETH-YVS on Uniswap. It will not be possible to peg YVS against a stablecoin. This pool will receive 65 % of the total allocation of rewards. 50 % of the deposited liquidity will be locked forever and will ensure good liquidity and low slippage. We think this is very important for any defi project. You will still receive rewards on your entire amount and it can be claimed at any moment without any additional fees.

Telegram User:

Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

Lucas: We are experienced solidity developers and we believe in the quality of our code. That is why we’ve announced a collaboration with Hacken, one of the most reputable blockchain auditing firms, to conduct a full review of our project repository.

We’ve also excluded any type of flash-loans, back-doors or swapping functionalities to prevent any kind of hacks happening.

Telegram User:

As I Know most of the farm coins will fail on Token Metrics only because they suffer from high APY and are constantly printing new tokens. How does YVS deals with this situation and offset the selling pressure?

Telegram User:

How does staking work in YSV because it doesn’t have a burn rate included, how much is the APY of this staking, does it include a daily bonus, too?

Lucas: The staking pool has a 20 % reward allocation and has a minimum locking period of 2 weeks. The user can choose to lock up to 12 weeks which means he will receive an additional 10 % reward boost. Claiming of rewards can be done at any moment and does not incur any additional fees. You also have the choice of extending your locking period at any time if you wish to do so.

CONCLUSION

Danny | Crypto Revolution: Cool. Thank you for your time, Lucas. Are you done with Questions or you would like to answer more?

Lucas: I think we’ve covered all of the important aspects, it was a very cool AMA and your community is great!

Danny | Crypto Revolution: Thanks man. Appreciate the warm Word. Final Words for Community?

Lucas: I’d just like to share some social media links for the end and thank you for the great organization!

Danny | Crypto Revolution: Yeah. Go ahead please.

Lucas: If anyone is interested to learn more:

- Website: https://yvs.finance

- Whitepaper: https://yvs.finance/files/whitepaper.pdf

- Twitter: https://twitter.com/YVSFinance

- Telegram: https://t.me/YVSFinance

- Channel: https://t.me/YVSFinanceNews