EQIFI x Satoshi Club AMA Recap from the 28th of August

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 EQIFI and our guests, @ioanafrincu, @CEOEQIBank and @bradyasar. The AMA took place on the 28th of August.

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

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with EQIFI! Welcome to Satoshi Club

@ioanafrincu, @CEOEQIBank and @bradyasar are our guests today


Frincu: Hi! This is Ioana Frincu, CTO of EQIFi

. Glad to be here and talk with you!

Andrés M. | Satoshi Club: Welcome Ioana, nice to meet you

Mary | Satoshi Club: Hello and welcome to Satoshi Club

How are you today, guys?

Jason Blick: It’s great to be here! Thank you for having us!

Andrés M. | Satoshi Club: Welcome!

Brad Yasar: I have to say I am a big fan of the Satoshi Club community. Watching it grow ad still keep its day-1 joy and excitement always made me happy.

Mary | Satoshi Club: And we’re also big fans of EQIFI and happy to see you back

And I want to ask what new happened to EQIFI since you were here last time?


Frincu: We have been working hard at product development and launched the EQIFI platform

. We are thrilled to see the growing interest in the product and the work we have been putting into it

Mary | Satoshi Club: Congratulations with successful launch

Andrés M. | Satoshi Club: Congratulations, a great achievement

Brad Yasar: Well, last time we were here was prelaunch, when we were just talking about what we are building and our vision. Fast forward to today, we have alive platform with all the products we wanted to launch with, our token is trading on 5 secondary markets and we have finished the first round of bug fixes.

Mary | Satoshi Club: Fantastic! It’s a big step! What are your plans to the nearest future?

Jason Blick: We had a great launch of all of our 4 products. They were a huge success in part because we are a fully Licensed and Regulated Investment Manager. Plus, we are powered by a global Digital Bank, so clients are using our DeFi products, but also opening bank accounts, credit cards, OTC. We have everything on one platform!

Mary | Satoshi Club: It sounds tasty

We really want to know more about all this features!

Brad Yasar: So it is fair to say a lot has happened, especially from a product perspective. Now we are looking forward to more people using the platform and giving us their feedback so we can make it the UI/UX we can all be proud of.

And of course our marketing is kicking into high gear now that we have something to share with the world.

Mary | Satoshi Club: And you are in the right place now

Andrés M. | Satoshi Club:
Let’s have a look of the past AMA here:

Jason Blick: EQIFI is able to provide TODAY a decentralized protocol for pooled lending, borrowing, and investing for ETH, ERC-20 tokens including wBTC, Stablecoins, and select fiat currencies. It provides a single uniform platform for DeFi products with EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management. EQIFI consists of four products on a single platform:

  • Fixed Term Products
  • Variable Rate Products
  • Interest Rate Swaps (Refinancing)
  • Yield Aggregator

Mary | Satoshi Club: Wow, awesome! Almost all in one place

Btw, first question from our community is connected with this topic! Ready to start first part of our AMA?

Brad Yasar: Let’s do it!

Jason Blick: We are ready!! You have the EQIFI CEO, Chairman and CTO all ready!


Frincu: Yes

Mary | Satoshi Club: Let’s go @AndresM77

Q1 from Telegram user @NataliyaKil:

You claim that EQIFi brings the best out of banking, giving us the tools to simplify asset management, lend. What banking products can you offer us to save us from visiting banks? How do we use them, what kind of registration or personal data verification do we need to go through?

Jason Blick: Great question. I will take this one.

Launched in 2015, EQIBank is one of the world’s leading digital banks with users on every major continent. It features competitive rates, 24/7 service, trusted security, and an innovative, simple online global banking experience across all devices. HOLDERS OF EQX (OUR NATIVE TOKEN) have the opportunity to open accounts with EQIBank and secure:

  • Current and Savings Accounts
  • Debit and Credit Cards
  • Lending
  • Custody
  • OTC (Over-The-Counter trading)
  • Wealth Management

We have been Voted a Top Ten Digital Bank:

Andrés M. | Satoshi Club: Is there any kind of KYC needed on your platform?

Jason Blick: We have 3 levels of KYC depending on whether you need just some of our services or everything! We have digital onboarding to 180 countries. Its simple.

Andrés M. | Satoshi Club: Into which countries is not allowed? China, Venezuela?

Jason Blick: We can provide services to 180 countries around the world, including CHINA!

Like all other Regulated Financial Institutions, EQIFI and our bank, EQIBank cannot provide services to Sanctioned countries. Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe.

We have a large number of clients in China, including full bank accounts for EQX Holders.

Andrés M. | Satoshi Club: That’s true, we hope in the future could become a world bank

Jason Blick: We are a Global Bank. We have clients in more than 100 countries today. We have been Voted a Top Ten Digial Bank.

Mary | Satoshi Club: Unbelievable!

Andrés M. | Satoshi Club: Congratulations

Mary | Satoshi Club: How do these levels differ?

Brad Yasar: We start with a very light KYC for some DeFi products and lower limits and go to full bank grade KYC for banking products to be fully compliant.

Mary | Satoshi Club: Understand

Like in the real bank!
Thank you for your answers guys! Ready to proceed?

Q2 from Telegram user @Jonahapagu:

There are quite a number of benefits for holders of Equifi Token (EQX). One of the benefits is that EQX Token holders will have Priority Access to EQIBank bank accounts, otherwise known as “Priority bank accounts”. So what are the features of this priority bank accounts, how are they different from the regular Equifi bank accounts, and what is the amount of EQX that users need to possess to have this priority access to EQIBank bank accounts? And does a user need to only hold EQX to get the priority access to EQIBank bank account?

Brad Yasar: Well our Tier 3 and 4 users qualify for those and get a head of the line for the application as well as services.

Jason Blick: Great question, EQIBank usually charges an application fee of US$1,000. If a client holders Tier 3 EQX, all these fees are waived and you become a Premier Client, meaning you have your own Dedicated Relationship Manager.

Brad Yasar: Our vision was always to provide utility and value to people buying and holding our tokens so we worked on many ways they can draw that value. More products will be added as we build them to make the tokens even more exciting than they already are!

Mary | Satoshi Club: In which cases application fee charges?


Frincu: If you hold more than 200k EQX, the application fee is waived and you have priority account opening

Andrés M. | Satoshi Club: Also do you provide a premium credit card for those clients?

Jason Blick: Yes! The EQIFI Card will be launched next week. We have been using it for 3 years already! IT HAS NO LIMIT!!

  • USD cards which support most currencies
  • Accepted in over 44 millions locations worldwide
  • Capable of processing international online and offline payments
  • Funds can be withdrawn at ATMs around the world that accept Visa cards
  • Attached with a digital wallet and web application
  • No spending limits — spend as much as you have deposited into the card
  • All the security you want from a Visa credit card
  • SMS and Email notifications help you keep track of your spending
  • Order multiple cards for your corporate or personal accounts
  • 24/7 customer support

Mary | Satoshi Club: I want it!!!

Brad Yasar:

Andrés M. | Satoshi Club: Excellent product, we have a question coming regarding your credit and debit card, our community showed a lot of interest on it

Jason Blick: We are launching next week so jump onto our website and you can apply in 4 days time!

Mary | Satoshi Club: I wish you successful launch

Andrés M. | Satoshi Club: Let’s talk more about it with our next community question, ready to go?

Brad Yasar: Let’s do it!!!

Q3 from Telegram user @KathDM:

I find the EQIFI Debit Card very interesting, I have been reading about it and the truth is that it offers many benefits to users. Do you ship internationally to all countries around the world? How much is the maximum number of cards we can order? In which way do you guarantee the safety of user funds? How do you prevent fraudulent spending?

Jason Blick: Yes, we ship the EQIFI Credit Card to over 180 countries. It works as a Hybrid Credit Card, so its linked to actually deposits in your account. So you never go overdrawn.

Brad Yasar: It will also have the same safety ad security that you would expect from your local bank because we are a global bank.

Mary | Satoshi Club: How many cards can one person order?

Jason Blick: Clients can order multiple cards! As many as you wish!

EQIFI Credit Cards have amazing Security & Privacy:

  • Equipped with on/off software switch to provide extra security and control
  • Secured with an EMV chip and PIN capabilities to prevent fraudulent spending
  • Information regarding card holders are not shared with third parties

Andrés M. | Satoshi Club: Security first

Mary | Satoshi Club: I like visualisation

can you show us how your credit card will look like?)




Andrés M. | Satoshi Club: Wow, so fancy design!

Brad Yasar: Aaah you will have to wait until next week for that one so we don’t ruin the reveal that our marketing team prepared….nevermind.

Mary | Satoshi Club: Ohhh

Brad Yasar: The cat is out of the bag! First time for Satoshi Club community!!!

Andrés M. | Satoshi Club: Thanks for this big revelation for our community

I need it!

Andrés M. | Satoshi Club: Will be there different levels of credit cards? Like premium, platinum, VIP?

Brad Yasar:

Andrés M. | Satoshi Club: This gif should become a NFT

Mary | Satoshi Club:

Thank you guys for your great and colourful answers

Ready to go to the next question?


Frincu: Yes! Excited to tell you more about our EQIFI products

Q4 from Telegram user @Ajpaa:

The EQIFI Yield Aggregator Product enables users to participate in a spread of high-yield farming products. The product is said to be structured into fixed term as an open ended product based on users’ needs. So how does the Aggregator Product aggregate and analyse market conditions to provide maximum flexibility and best interest for users? What are the requirements for users to utilize the Yield Aggregator?

Brad Yasar: Well the requirement is to have one of the crypto assets we accept for the aggregator and to deposit it. How it works is our secret sauce. We scan and analyse thousands of pools for returns as well as many risk factors like activity, depth, liquidity locks, etc. So we do the heavy lifting of all the research and analysis and offer our users our suite products that have different risk/reward profiles.


Frincu: The Yield Aggregator is based on our proprietary algorithms to provide the best and safest Yield farming opportunities

Jason Blick: The EQIFI Yield Aggregator is the ONLY one approved for use by a Regulated and Licensed Bank (EQIBank). This changes the entire DeFi market!

Brad Yasar: We realized after using the pools and platforms ourselves, that it is not humanly possible to have the optimal participation in a basket of pools even when one does 12h research everyday to better understand what is out there. So we decided to tackle that challenge programmatically.

Mary | Satoshi Club: Which assets do you accept for aggregator currently?


Frincu: USDT, ETH and WBTC

Mary | Satoshi Club: Do you plan to add more in the nearest future?

Brad Yasar: We will be adding more assets, products and new chains regularly now that the platform is up and running

Mary | Satoshi Club: Gotcha!


Frincu: To clarify things a bit:

The Yield Aggregator is a Yield Farming Product.

Fixed term products refer to fixed term deposits and loans.

Open ended products refer to variable rate deposits and loans.

So these are 3 different products, NOT a yield farming combined with fixed and open terms.

Andrés M. | Satoshi Club: Thanks for the clarification!

Brad Yasar: Yes, we often get people confused over all the products we have since we launched with quite a few.

Mary | Satoshi Club: It happens

But I am sure a lot of things will become clear after today’s AMA

Andrés M. | Satoshi Club: Could you share us your roadmap? To check what products are coming

Brad Yasar: Well I have a couple of usability functions up and coming. Muti-wallet access is the one I am waiting anxiously. Then we will release mirror products on BSC. Since we have community members on the BSC, we want to make sure they have the same product suite that our Ethereum community members have.

Then we are going to move to expanding the breath of exiting products and adding more chains.

Andrés M. | Satoshi Club: A lot of innovative products, great job

Brad Yasar: Well we understand that everyone has their favourite chain and we want to enable them to stay on it while using our platform. We are blockchain agnostic.

Andrés M. | Satoshi Club: That will increase the adoption.

Jason Blick: All of our products are on out website ( Come and onboard!

Andrés M. | Satoshi Club: Thank you so much for your answers, would you like to add something before the next question?

Brad Yasar:

Andrés M. | Satoshi Club:


Jason Blick: Just one quick reminder! EQIFi Licensed & Regulated as an Approved Manager. FIRST ONE IN DEFI!!!!

EQIFi is approved and registered by the BVI Financial Services Commission as an Approved Manager pursuant to the Investment Business (Approved Manager) Regulations (2012). Means we are Licensed to advise and manage up to hundred of million USD of Assets Under Management. Amazing for our EQIFi Family!

Andrés M. | Satoshi Club: A big achievement, congratulations to your team

Mary | Satoshi Club: British Virgin Islands Financial Services Commission:
For those who are not familiar with BVI, am I right guys?

Jason Blick: Yes Mary! You are absolutely right.

Q5 from Telegram user @alice_wonderland12:

Despite EQIFI is a Community Powered DeFi project, users must hold at least 200,000 EQIFI Tokens to be able to propose governance actions in executable code. How easy would it be to a small investor to get to that amount of tokens, and besides this rule, does the governance mechanism have any other that would be directed to avoid that whales could take control of the proposals and decisions?

Brad Yasar: Well governance has two components: the ability to propose change and vote on it. Voting is open to everyone, so as long as a majority of our community wants something that can express, that will regardless of members who may have more tokens than others. Proposals can only be created by majority stake holders because they have the most stake , however we anticipate participation rules to evolve so we can be as inclusive as we can even if the token price is $10.

Same with tiers, if one of tiers becomes unattainable because of token appreciation to $10, then we will make the necessary adjustments so be inclusive.

The numbers and requirements you see now are based on our launch tokenomics and are not set in stone.

Andrés M. | Satoshi Club: Thanks for the answer, realizing that you have a big community, would be users be rewarded if their proposal is implemented?

Brad Yasar: Yes, and in a way when we get a good suggestion or feedback, we are all rewarded because it makes the platform better.

Mary | Satoshi Club: Can you share your tokenomics with us? I am sure, our members are interested in it

Brad Yasar:

Mary | Satoshi Club: I see that $10 is possible

Brad Yasar: We are not speculating on price here. I just said that round number is just as an example.

Mary | Satoshi Club: Of course, I understand!

Andrés M. | Satoshi Club: We have a very creative community, I hope they take a look of this opportunity!

Mary | Satoshi Club: But marketcap is also an important aspect in crypto

you will attract more users.

Thank you for your answers! Ready to go to the next question?

Jason Blick: We are ready!

Q6 from Telegram user @yellowchamp:

With Eqifi, we can take our loan payments more predictable in which we can swap our variable rate loan for a fixed rate loan with the “Set it and Forget it” option. So can you explain more about this option in your platform? What advantages that this option has to offer to your clients and customer? Why does it name “Set it and Forget it”? Can you elaborate it more? With this option , how can we swap our variable rate loan for a fixed rate loan? In Eqifi loan, which rate is higher the variable rate or the fixed rate? Does the “Set it and Forget it” Option is good for any term of your loan? Thank you!

Jason Blick: Many people get nervous that interest rates can go up and down. So Variable Rate Loans and Deposits don’t suit everyone. With a Fixed Rate Loan you pay a set rate throughout the loan. Giving clients certainty.

Mary | Satoshi Club: This is the default option or users have a choice?

Jason Blick: It’s 100% the choice of a client. We have 4 products to suit everyone’s needs!

Brad Yasar: Our whole platform is designed to give our users a choice.

Mary | Satoshi Club: And this is admirable!


Frincu: For example, if you have a USDT deposit on Compound and want to turn it from a variable rate to a fixed rate, you come to EQIFI and swap it. This means that in 7 days you will receive your deposit + a fixed interest calculated by the algorithm. In this way you don’t have to get nervous on the rate that keeps changing.

Andrés M. | Satoshi Club: Like an staking program?


Frincu: That is a different product. I was speaking about the Interest Rate Swaps, where you swap your variable rate for a fixed rate.

Andrés M. | Satoshi Club: Oh got it!


Frincu: Staking is available on the platform with 15% APR at the moment. You can stake on platform

Andrés M. | Satoshi Club: That’s I was going to ask, thank you

, high APR by the way!

Mary | Satoshi Club: And now we came close to the live part of our AMA

Do you hear the sound of knocking fingers?

Andrés M. | Satoshi Club: My favorite part, live segment is here!


Frincu: We also have a tutorial for those who want to stake:

Andrés M. | Satoshi Club: Thank you, really needed for holders.

Jason Blick: Thank your everyone in the Satoshi Club! You are the best group!

Mary | Satoshi Club: And you’re the best guests

Ready for the live part?

Andrés M. | Satoshi Club: You’re welcome, it has been a great time with you all in this first part of the AMA.

Mary | Satoshi Club: Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @BaumgartnerJose:

What should I do to participate on your project?

Brad Yasar: Go to Register. Buy some tokens. Use our products. Give us feedback. Simple!

Q2 from Telegram user @coinresearcher:

You told us you developed the platform with user feedback, what problems are you solving with Eqifi that other projects don’t?


Frincu: First of all, we have a variety of products available to different types of users, from those who are experienced crypto users to those who are just beginning their pathway into crypto.

For example, you can benefit from making deposits or taking out loans, you can stake your EQX, you can also get a very good to APR on the YIELD AGGREGATOR.

No one on the market offers such a one stop solution.

Q3 from Telegram user @BaumgartnerJose:

How can I buy EQX tokens?

Brad Yasar: and on a select few exchanges.

Q4 from Telegram user @Cheriemike:

What does EQIFI Yield Aggregators focuses on? In the case of an alternative savings account, will users need to worry about the underlying smart contracts or network or they simply deposit money and watch interest accrue?


Frincu: Simply deposit assets and watch interest accrue. The Yield Aggregator invests in different yield farming opportunities and offers users peace of mind regarding their investments.

Q5 from Telegram user @JaviSuBs:

EQIFI, has the EQX token, but what are the benefits of the EQX token? if I keep a considerable amount of tokens, over what functions can I have control? Can I adjust an interest rate or guarantee limits for a longer time?


Frincu: If you stake your tokens you get better rates, smaller collateral needed for loans and higher APY on the Yield Aggregator.

Q6 from Telegram user @Xusuo:

Can you tell me what kind of event will you give to attract new users to join with EQIFI community? Will you have any event like bounty, competition, or maybe airdrop?




Q7 from Telegram user @BaumgartnerJose:

What are your key features that make you ahead of other projects?

Brad Yasar: Our banking license, Yield Aggregator and swap product are unique in the industry.

Q8 from Telegram user @isabella_blackk:

What has EQIFI accomplished since you started? What will you do to achieve your goal in line with your vision? Could you please explain?


Frincu: We have millions of tokens staked, over 1500 registered users and we are going to have our products available on the BSC blockchain in the next quarter. For now our products are available on Ethereum.

Q9 from Telegram user @Tahsinahmett:

As an investor, I find the projects I like by following the AMAs. What can you tell me to trust EQIFI and prefer EQIBank over my usual bank?

Brad Yasar: We will never close your accounts because you are involved with DeFi and crypto!!!

Jason Blick: And EQIFI is fully Licensed and Regulated, meaning that we are also attracting the interest of Institutional clients, which is great for everyone!

Q10 from Telegram user @Shaa93:

ETH<>BSC BRIDGE IS NOW LIVE, does EQIFI plan to provide bridges to other blockchains in the near future? For example: Harmony, Polygon, etc.

Brad Yasar: Yes it is in our roadmap.

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:

Our partners:

How do you rate this article?


Satoshi Club
Satoshi Club

An educational group about crypto and blockchain technologies

Satoshi Club AMA Recaps
Satoshi Club AMA Recaps

A collection of AMAs with crypto teams

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.