Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Cylum Finance and our guest was . The AMA took place on the 26th of March
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Jonah 🏅🎹 | Satoshi Club
Hello Dear Satoshi Clubbers welcome to our AMA with Cylum Finance
Pavel P
Hello everyone and welcome to our AMA Session with Cylum Finance!
Jonah 🏅🎹 | Satoshi Club
Our guest today is @JaimeGreene
Pavel P
@JaimeGreene, welcome to Satoshi Club!
Gold Rocket | Satoshi Club
@JaimeGreene welcome to Satoshi club
Jaime Greene
Hello guys, am pleased to be here.
Pavel P
Great to see you here at Satoshi Club!
Jonah 🏅🎹 | Satoshi Club
We are Glad to have you here
Pavel P
How are you today?
Jaime Greene
Doing absolutely great, with such an amazing community.
Jonah 🏅🎹 | Satoshi Club
Awesome
Let’s start our AMA
Pavel P
And we are excited to have you here as guest!
Let’s GO!
Jonah 🏅🎹 | Satoshi Club
Can you please introduce yourself to us, how you got into crypto and how Cylum Finance started?
Jaime Greene
Owing to the concept of crypto staking — a unique phenomenon that has been around for a couple of years — crypto token holders can now put their assets to work in exchange for annual percentage yields [APYs]. While hundreds of protocols have been designed to incentivize token holders for committing their holdings to their platforms, Cylum Finance, a nascent sustainable protocol in the DeFi 3.0 space, has been launched to pioneer a paradigm shift in how token holders receive rewards.
Cylum Finance is A sustainable, reliable automation protocol that allows users to put their tokens to work in high-producing investment opportunities, Cylum Finance has incorporated a plethora of unique features, which, according to the founding team, gives it a competitive advantage over other DeFi.
Jonah 🏅🎹 | Satoshi Club
Impressive
How many people do you currently have working on this project?
Jaime Greene
As of now, we have 5 active team members, with massive fanbase/supporters.
Jonah 🏅🎹 | Satoshi Club
Are they all anonymous?
Pavel P
Should be enough to give a shape of a new born project
Jaime Greene
No, we are all open to the community, as this is a community project, transparency is everything to us.
Jonah 🏅🎹 | Satoshi Club
So what is Cylum Finance all about?
Jaime Greene
Owing to the concept of crypto staking — a unique phenomenon that has been around for a couple of years — crypto token holders can now put their assets to work in exchange for annual percentage yields [APYs]. While hundreds of protocols have been designed to incentivize token holders for committing their holdings to their platforms, Cylum Finance, a nascent sustainable protocol in the DeFi 3.0 space, has been launched to pioneer a paradigm shift in how token holders receive rewards.
Cylum finance has built a sustainable, reliable automation protocol that allows users to put their tokens to work in high-producing investment opportunities, Cylum Finance has incorporated a plethora of unique features, which, according to the founding team, gives it a competitive advantage over other DeFi
Cylum Protocol is the most user-friendly decentralized hub to start your cryptocurrency journey.
You can earn as much as 395% in the first Year.
First LIVE Dapp: CylumNFT where anyone can launch their NFT Games using Unity on Cylum & #BSC and soon on multiple chains.
Next Dapps in Ecosystem:
– Cylum AutoStake: Auto-staking in Wallet without doing anything.
– Cylum Autocompound: Rewards gets compounded and yields are effortless.
-Cylum Autoburn: For every transaction done on our blockchain, tokens are sent to the burn adress (chimney) tohelp increase price floor.
– Cylum Cylinder: Cold arbitrage wallet to prevent price dumps.
-CylumNFT: Launchpad for Metaverse Games.
Jonah 🏅🎹 | Satoshi Club
This is great and Exciting
Thank you for the introduction
We will now proceed our community questions
Pavel P
Q1 From Telegram User @Ask4unik
I read that CYLUM first mainnet offering launch has commenced,and users are given the opportunity to acquire and lock in more $CYM tokens at a cheaper rate of 0.00001BNB,which will begin at March 19th and end at April 19th.Would their be a fixed amount $ CYM to be locked in your pool? What privileges will holders of $CYM Token enjoy? Are there set out rules and conditions? So when will the mainnet of CYLUM be launched?Explain thanks
Jaime Greene
okay
Yes the tokens bought would be locked for staking, and rewards would be auto-compounded in users wallets.
The official launch of the maxQ main-net is 25th May 2022
Every details about the main-net can be found on the whitepaper https://docs.cylum.io
Jonah 🏅🎹 | Satoshi Club
Thank you for sharing the white paper and for your answers as well
25th may is bout two months from now
Do you want to add anything or can we proceed to the next question?
Jaime Greene
Proceed
Pavel P
Q2 From Telegram User @Meta_MateX
One more specific feature offered by Cylum Finance is Cylum Cylinder — a cold storage wallet that stores a significant amount of BNB. The cylinder will aid in controlling significant price declines caused by holders selling in order to maintain the token’s price. How exactly will it control Cylum token price? What other tokens will it be possible to store on Cylinder? When do you expect it to be LIVE for users? Thanks in advance!
Jaime Greene
if you check out cylum cylinder adress, there is large dao reserve fund about 1.000,000$ which is set out to help the price floor of the project incase of massive rewards dumps from whales and big investors.
Yes more funds and tokens would be allocated to the cylinder with more time.
This fund would maintain a healthy growth and stability. every detailed information can be found in the docs below:
https://docs.cylum.io/cylum-cylinder
Pavel P
So, you also plan to set DAO. What will the conditions for the community to get voting power?
Jaime Greene
As said earlier community trust and transparency is our optimal goal, we would be setting up a cylum DAO, where users can be rewarded with points, and the more a holder holds, the more points the holder accumulates in the DAO programme.
More details would be made on this in the nearest future.
You can follow our social media to stay connected.
Pavel P
SatoshiClubbers, do not lose a chance to follow promising project!
Thank you for your answers! Ready to see next question?
Pavel P
Let’s proceed to the question nr3
Pavel P
Q3 From Telegram User @LoisZeal
From what I saw on your roadmap,you will be initiating a Bounty Campaign,Twitter Marketing Campaign and YouTube Marketing Campaign.So I want to asked,Are you hiring individuals for the said campaign mentioned above because I am a marketer by profession.As an Interested user,how can I join in either of the Twitter or YouTube Marketing Campaign,how can those who are interested also apply for such?What are the specific requirements you need to participate in the campaign?As for the Bounty Campaign,is it about Bug Bounty an avenue where users can identify some viruses or some vulnerable attack on your platform?Will this be assign to your community members or like a third-party firm to help track or identify bugs on your platform?You didn’t mention when any of the Campaign will officially begin,so can you tell us that and also if rewards/incentives be giving to users?Kindly explain Thanks
Jaime Greene
We are trying as much as possible to stay updated with our roadmap, we would be holding more segments of the roadmap, as time passes, community bounty, bug bounty, social media bounty e.t.c are all plans of the massive plans incorporated.
As a marketer the easiest way to reach out to us is via email @[email protected]
Jonah 🏅🎹 | Satoshi Club
Can you share your roadmap or a link to it here for us?
Jaime Greene
Jonah 🏅🎹 | Satoshi Club
Thank you for sharing
Let’s proceed to the next question now
Pavel P
Q4 From Telegram User @GracieEne
I read that the CYLUM Cypher is a unique wallet within the Cylum ecosystem and this wallet is funded by a percentage of the fees associated with buy and sell transactions in the ecosystem. I would like to know what percentage of the buy and sell fees do you use to fund development of the Cypher wallet ? You also made mention of the Cypher intending to support the Cylinder and to fund new Cylum goods, services, and projects that expand and strengthen the Cylum’s use cases and economy. Is there a particular amount that is allocated to the funding of new Cylum goods and projects? For how long will you fund this good projects and services? Asides funding, In what other ways does Cypher intend to support the Cylinder?
Jaime Greene
3% tax from both buy/sell tax, the fund would be used to support marketing/promotion of cylum, there is no particular amount as this fund can change at anytime due to influx of transactions/people.
Funding would go as long as possible.
Jonah 🏅🎹 | Satoshi Club
So asides supplying funds will there be other supports?
Jaime Greene
I don’t understand this question
Pavel P
So, you will use 3% of tax for supporting Marketing and Promotion campaigns. Do you also plan to make any additional community directed promos — like airdrops for ex.
Jonah 🏅🎹 | Satoshi Club
Asides marketing and promotion what else will be done as a form of support or development for Cylinder, will all the funds go for only this two things you mentioned or will ther be other things like, funding the development of project features, securing partnerships, onboarding more people e.t.c
Jaime Greene
Yes our tokenomics support this, we have an allocated supply for airdrop/bounties.
Which is 1% of our total supply, you can find detailed information here: https://docs.cylum.io/token-distribution-and-lock
Jonah 🏅🎹 | Satoshi Club
Thank you for your Answers
Pavel P
Great! That’s a community directed approach! Thank you!
Jonah 🏅🎹 | Satoshi Club
Ready now for the next question?
Jaime Greene
Yes, Partnerships and Influencer Marketing is a key function in outreach and marketing, every information is detailed on the roadmap.
Jaime Greene
Yes please
Pavel P
Q5 From Telegram User @Rozielyna
I understand that Cylum Finance is a firm dedicated to developing DeFi technology that benefits and adds value to Cylum token holders, providing unique benefits to $CYM holders. I would like to understand better, What Are the features that makes Cylum special and unique? What are your advantages over other Defi 3.0 Project? As an investor what are the reason I should choose to invest in Cylum And Invest for a long term? What are the benefits for investors who invest Cylum Finance? Do token holders have governance right over your project? Please share more details about this thank You.
Jaime Greene
Below are some of the features that makes Cylum uniqu and special:
1.Higher APY: CYLUM presents 395,677% Fixed APY Compared to LIBERO 158,893.59% fixed APY and TITANO 102,483.58% fixed APY.
2. Automatic Compounding Rewards: Cylum’s cypher funds will increase exponentially per year by bridging multi-chain staking and Auto Compounding Protocol. That’s why we are confident that we can support more than X2 higher APY than LIBERO while still be sustainable.
3.Rug-proof: CYLUM has no minting code in the contract. Unlike Titano, Cylum dev is unable to rug by minting billions of tokens for them self even if they want to.
4.Fully decentralized, Auto-Compounding Rewards without a need of an external wallet: Unlike Libero which uses a centralized wallet to call rebase function from outside the contract every 30 minutes, which will bring in a disaster if that wallet is not working as intended, like loosing key, power/internet outage, software/hardware issues, etc and Unlike Titano which have no Auto Compounding reward at all. The auto-compounding reward of CYLUM is coded natively in the CYLUM contract which no need for external rebase call so it cannot be hacked and will not affected by centralized problems.
5.Liquidity per circulating supply ratio is higher and better protects everyone when whale dump: High APY project like TITANO or LIBERO need a very big liquidity to sustain the rewards, so if anyone with a big reward want to cash out it will not impact the price. The higher the ration between Liquidity/Circulating supply the better the price protection when someone dump their holdings. CYLUM is proud to say that our liquidity/Circulating supply ratio is 2.5 times higher than LIBERO which mean the protection for everyone when a whale dump and reduce the price is 2.5x better.
6.Automatic Burn: At lunch, 2% of the total circulating supply will be burned. This percentage will evolve over the days based on our Automatic Hyper Burn algorithm. The burn calculation will be updated daily according to the number of holders and the tokens held by each.
Pavel P
How do you guarantee such a high APY?
Jonah 🏅🎹 | Satoshi Club
So many great features
Pavel P
Shouldn’t the inflation cut a token price in case of such APY?
Jaime Greene
Cylum is creating its own blockchain called the MaxQ, the blockchain would be responsible for the creation of the first world’s Metaverse Launchpad, this real case use would drive global adoption and support the project even further in crises.
Jonah 🏅🎹 | Satoshi Club
Awesome
Pavel P
So the token price stability should be guaranteed by global adoption
Jaime Greene
The future of defi 3.0 is phenomenal, tech is evolving everyday, and staking has revolutionalized trading, our blockchain assures it.
Jaime Greene
Global adoption of the real case utility of the project.
Pavel P
That is thrilling!
Pretty sure that everyone get excited when see such numbers!
Jaime Greene
Results speak for itself lads.
Pavel P
Let’s see the last question of part 1 now!
Jonah 🏅🎹 | Satoshi Club
Yeah it’s Insane
Pavel P
Q6 From Telegram User @iceVermithraxx
While going through Cylum Longetivity Plan(CLP), I saw that you Cylum protocol will have a lottery system . can you share more on this lottery system? Also since you mentioned it as a revenue source, how free and fair eill it be for users? Will there be a feature where users can check the fairness of the cylum lottery? What are other revenue sources for the Cylum Platfotm aside the lottery system?
Jonah 🏅🎹 | Satoshi Club
Thank you for sharing
Jonah 🏅🎹 | Satoshi Club
Let’s proceed to the next question now
Pavel P
Q4 From Telegram User @GracieEne
I read that the CYLUM Cypher is a unique wallet within the Cylum ecosystem and this wallet is funded by a percentage of the fees associated with buy and sell transactions in the ecosystem. I would like to know what percentage of the buy and sell fees do you use to fund development of the Cypher wallet ? You also made mention of the Cypher intending to support the Cylinder and to fund new Cylum goods, services, and projects that expand and strengthen the Cylum’s use cases and economy. Is there a particular amount that is allocated to the funding of new Cylum goods and projects? For how long will you fund this good projects and services? Asides funding, In what other ways does Cypher intend to support the Cylinder?
Jaime Greene
3% tax from both buy/sell tax, the fund would be used to support marketing/promotion of cylum, there is no particular amount as this fund can change at anytime due to influx of transactions/people.
Funding would go as long as possible.
Jonah 🏅🎹 | Satoshi Club
So asides supplying funds will there be other supports?
Jaime Greene
I don’t understand this question
Pavel P
So, you will use 3% of tax for supporting Marketing and Promotion campaigns. Do you also plan to make any additional community directed promos — like airdrops for ex.
Jonah 🏅🎹 | Satoshi Club
Asides marketing and promotion what else will be done as a form of support or development for Cylinder, will all the funds go for only this two things you mentioned or will ther be other things like, funding the development of project features, securing partnerships, onboarding more people e.t.c
Jaime Greene
Yes our tokenomics support this, we have an allocated supply for airdrop/bounties.
Which is 1% of our total supply, you can find detailed information here: https://docs.cylum.io/token-distribution-and-lock
Jonah 🏅🎹 | Satoshi Club
Thank you for your Answers
Pavel P
Great! That’s a community directed approach! Thank you!
Jonah 🏅🎹 | Satoshi Club
Ready now for the next question?
Jaime Greene
Yes, Partnerships and Influencer Marketing is a key function in outreach and marketing, every information is detailed on the roadmap.
Jaime Greene
Yes please
Pavel P
Q5 From Telegram User @Rozielyna
I understand that Cylum Finance is a firm dedicated to developing DeFi technology that benefits and adds value to Cylum token holders, providing unique benefits to $CYM holders. I would like to understand better, What Are the features that makes Cylum special and unique? What are your advantages over other Defi 3.0 Project? As an investor what are the reason I should choose to invest in Cylum And Invest for a long term? What are the benefits for investors who invest Cylum Finance? Do token holders have governance right over your project? Please share more details about this thank You.
Jaime Greene
Below are some of the features that makes Cylum uniqu and special:
1.Higher APY: CYLUM presents 395,677% Fixed APY Compared to LIBERO 158,893.59% fixed APY and TITANO 102,483.58% fixed APY.
2. Automatic Compounding Rewards: Cylum’s cypher funds will increase exponentially per year by bridging multi-chain staking and Auto Compounding Protocol. That’s why we are confident that we can support more than X2 higher APY than LIBERO while still be sustainable.
3.Rug-proof: CYLUM has no minting code in the contract. Unlike Titano, Cylum dev is unable to rug by minting billions of tokens for them self even if they want to.
4.Fully decentralized, Auto-Compounding Rewards without a need of an external wallet: Unlike Libero which uses a centralized wallet to call rebase function from outside the contract every 30 minutes, which will bring in a disaster if that wallet is not working as intended, like loosing key, power/internet outage, software/hardware issues, etc and Unlike Titano which have no Auto Compounding reward at all. The auto-compounding reward of CYLUM is coded natively in the CYLUM contract which no need for external rebase call so it cannot be hacked and will not affected by centralized problems.
5.Liquidity per circulating supply ratio is higher and better protects everyone when whale dump: High APY project like TITANO or LIBERO need a very big liquidity to sustain the rewards, so if anyone with a big reward want to cash out it will not impact the price. The higher the ration between Liquidity/Circulating supply the better the price protection when someone dump their holdings. CYLUM is proud to say that our liquidity/Circulating supply ratio is 2.5 times higher than LIBERO which mean the protection for everyone when a whale dump and reduce the price is 2.5x better.
6.Automatic Burn: At lunch, 2% of the total circulating supply will be burned. This percentage will evolve over the days based on our Automatic Hyper Burn algorithm. The burn calculation will be updated daily according to the number of holders and the tokens held by each.
Pavel P
How do you guarantee such a high APY?
Jonah 🏅🎹 | Satoshi Club
So many great features
Pavel P
Shouldn’t the inflation cut a token price in case of such APY?
Jaime Greene
Cylum is creating its own blockchain called the MaxQ, the blockchain would be responsible for the creation of the first world’s Metaverse Launchpad, this real case use would drive global adoption and support the project even further in crises.
Jonah 🏅🎹 | Satoshi Club
Awesome
Pavel P
So the token price stability should be guaranteed by global adoption
Jaime Greene
The future of defi 3.0 is phenomenal, tech is evolving everyday, and staking has revolutionalized trading, our blockchain assures it.
Global adoption of the real case utility of the project.
Pavel P
That is thrilling!
Pretty sure that everyone get excited when see such numbers!
Jaime Greene
Results speak for itself lads.
Pavel P
Let’s see the last question of part 1 now!
Jonah 🏅🎹 | Satoshi Club
Yeah it’s Insane
Pavel P
Q6 From Telegram User @iceVermithraxx
While going through Cylum Longetivity Plan(CLP), I saw that you Cylum protocol will have a lottery system . can you share more on this lottery system? Also since you mentioned it as a revenue source, how free and fair eill it be for users? Will there be a feature where users can check the fairness of the cylum lottery? What are other revenue sources for the Cylum Platfotm aside the lottery system?
Jaime Greene
Alot of our features are still in the development stage, metaverse entails alot of things, and lottery is one of it, we would be onboarding a lottery system in the nearest future, please adequate information would be made on this soon.
Jonah 🏅🎹 | Satoshi Club
Great we will be on the lookout
Thank you for this first part of our AMA
Pavel P
Before we proceed to the 2nd Part, please share your official links
Jaime Greene
Cylum official links:
IDO: https://cylum.io/app
Twitter: https://twitter.com/cylumfinance
Telegram https://t.me/cylumfinance
Website: https://cylum.io
Medium: https://cylumfi.medium.com
Jonah 🏅🎹 | Satoshi Club
Thank you for sharing
Chat will be opened for 120 seconds
Part 2 — live questions from the Telegram community
Q1 from Telegram user @mechanicworkers
Is the IMO event of Cylum Finance continuing, if your IMO event is still going on, can you give us some information about how we can participate? Can you tell me about Cylum’s APY calculator?
Jaime Greene
You can find info on the IMO here: https;//cylum.io/app
You can info on the Calculator here: https://cylum.io/calculator
Q2 from Telegram user @Ann_Andreas01
Though audit will be done by three firms which is also important, but how can you prove transparency in your project?
Jaime Greene
You can find report on our audit here: https://www.certik.com/projects/cylum-finance
Q3 from Telegram user @chaiseNew
Will You Please Provides me the TOKEN SALE INFORMATION, How the Funds are Allocated In different Sections and Tell me about Token Distribution ?
Jaime Greene
Token distribution and lock can be found here:
https://docs.cylum.io/token-distribution-and-lock
Q4 from Telegram user @Prithvi200
CYLUM has already Launched First IMO , Will You Please Tell me How Can I Participate in your IMO , and The Users Who Joins it , What Benefit or Rewards I Can get ?
Jaime Greene
By buying our IMO, your tokens get auto-staked and auto-compounded, you can earn as much as 395% in the first year.
BUY LINK: https://cylum.io/app
Q5 from Telegram user @JaviSuBs
$Cylum can work on AutoStake, AutoCompouning and Autoburn. But what protocol supports it and what kind of tokens is ERC-20 or BEP-20?
Jaime Greene
Our Protocol is on the BSC network (Binance smart chain network)
Q6 from Telegram user @Robotliker1
Only five members, will you hire more team members if needed in your team. Do you have any ambassador programme for different countries? How can your team ensure project is strong?Only five members, will you hire more team members if needed in your team. Do you have any ambassador programme for different countries? How can your team ensure project is strong?
Jaime Greene
Yes, Cylum would be having an affiliate programme to recruit more people, detailed instructions would be made in the post on how to participate, stay tuned in our official channels
Q7 from Telegram user @Ravan_since_1996
Do you guys have any Coin Burn / BuyBack plans Or Token Burn plans to increase the value of $CYM Token and attract more users to invest on your project ?
Jaime Greene
Yes, we are revolutionalizing the buy-back to liquidity as this is a new feature, this would help to increase the coin price steadily,
You can read more about this here:
https://docs.cylum.io/auto-liquidity
Q8 from Telegram user @Smartling007
After checking out the Cylum cylinder address, I saw a large DAO reserve fund of about $1.000,000 which will be used to help the price floor of the project in a case of massive dumps from whales and big investors. Does this mean you give priority to whales and big investors? If yes, how then do you intend to help smaller investors?
Jaime Greene
We prioritize everyone, for large profits to be made, large investments has to be made, we have set up systems/features to help everyone, from been a small holder to a whale, the system favors everyone.
Q9 from Telegram user @Rakshhit
Can you tell me Why we should keep CylumToken in our Portfolio?
Jaime Greene
With our Auto burn program, 2 percent of total circulating supply is burned automatically first at lunch and subsequently the remaining allocated percentages after burn token unlock, ensuring that Cylum’s total supply is continually deflating in comparison to your balance, while your balance is always expanding in comparison to Cylum’s total supply. This built-in mechanism gives the Cylum token a true supply/demand gauge as it gets increasingly rare against your balance over time.
Simply said, if you simply hold Cylum, your part of the overall market cap will continue to grow. Even if the market cap does not increase, the USD worth of the tokens in your wallet will increase. Thus, simply by carrying Cylum in your wallet, you will benefit from the exponential benefits of the triple effect:
Your token value grows per minute, compounding to 395,677 percent per year.
Your total token worth in USD will increase as your shares/total market cap increase as a result of the Auto burn of total supply.
Cylum’s market capitalization increases when new investors join, yet your shares/total market capitalization does not decline but continues to grow, implying that your total token worth in USD will continue to increase.
Q10 from Telegram user @adaatalay
Is Cylum Finance only available for English-speaking countries? Do you have a solution for users who don’t know other languages?
Jaime Greene
Cylum is available for everyone, you can join the communities in our social media networks.
Part 3 — Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
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Twitter –https://twitter.com/cylumfinance
WebSite — cylum.io
