Flexi Coin x Satoshi CLUB AMA Session 20 Nov

Flexi Coin x Satoshi CLUB AMA Session 20 Nov



PART 1. Introduction of Flexi Coin project and community questions.

Hello, Satoshi clubbers and guests of this site. Glade introduces to you Flexi coin crypto project.

It is a flexible coin which burns 1–9% randomly on each transaction. The circulating supply is 1000 and will stop burning until 750 FLEXI are left. Staking is with Flexi random APW or APY.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about Flexi coin project

The reward pool is 500$.

Leading the AMA our clever and fun admins:

Mary | Satoshi Club — @madamlobster and D. | Satoshi Club — @Cool_as_Ice

The Representative of the project:

Aaron | WE NEVER PM YOU — @aaronj00

Introduction of Flexi coin

 

Mary | Satoshi Club:

Hello again, Satoshi Club! We are happy to announce our AMA session with Flexi Coin! Welcome to Satoshi Club

D| Satoshi Club:

Hello, again Satoshi club!

Mary | Satoshi Club:

@aaronj00 welcome here

D| Satoshi Club:

@aaronj00 hi!

Aaron | WE NEVER PM YOU:

Hey Guys

Mary | Satoshi Club:

How are you today?

Aaron | WE NEVER PM YOU:

Thank you for this awesome opportunity to speak in front of nearly 40,000 People. I am doing good today!!

D| Satoshi Club:

Nice! good to have you here!

Aaron | WE NEVER PM YOU:

I will be even better after this AMA!!

Mary | Satoshi Club:

And thank you for coming here! Tell us more about yourself and Flexi Coin project

Aaron | WE NEVER PM YOU:

I am a programmer and a Marketing expert. I have spent the last 10 years programming diff languages such as Python, php, javascript and more.

I entered crypto in 2017, I have written few blockchains from scratch and also have been part of quite a few cryptocurrencies.

Mary | Satoshi Club:

I like your background, so much experience

Aaron | WE NEVER PM YOU:

The FLEXI COIN was an experimental project where we create a limited supply coin. The total supply was 1000 when we started.

We have a flexible burn of 1–9% on each transaction. Right now supply is 859 Coins

As we talk the supply is going down

Mary | Satoshi Club:

When did you decide that crypto needs your project? How much time did it take you to start it?

Aaron | WE NEVER PM YOU:

We thought of creating a FLEXI COIN with limited supply and see how it goes. We created staking with the same thing.

Simple staking

  • 11–19% random in fees
  • 11–19% random withdrawal fees

All fees go into the reward pool. And is distributed every week.

So overall it less than 2 months to launch this

D| Satoshi Club:

By the way, is this giveaway is still ongoing?

Aaron | WE NEVER PM YOU:

Yes, it is.

Mary | Satoshi Club:

Great, you will get more retweets now

Thank you for the intro

Are you ready to start with the questions from our community?

D| Satoshi Club:

This is your chance Satoshiclubbers to win a coin, maybe one day Flexi coin would be worth more than 1 BTC.

Aaron | WE NEVER PM YOU:

Sure, go ahead guys. Happy to answer it.

Preselected questions

 

D| Satoshi Club:

let’s go.

Q1 from Telegram Username @AmirJosh

I am a fan of projects that have a small token supply, but why did you set your FLEXI supply that low. What is the benefits to the platform and its investors that you issued 1000 supply at the beginning while you can have a 100k supply and burn it until you reach your desired amount of token circulating in the market?

Aaron | WE NEVER PM YOU:

Defi is all about low supply and our reason for keeping a low supply was to make sure that this remains exclusive. FLEXI is exclusive and we recommend everyone to grab a few of the flexi and hold them for a while and see how it will increase over time.

We have staking right now but soon we have LP staking, vaults and more staking pools coming.

Our main idea of staking is to increase more holders and decreasing the supply. The 1–9% random burn will stop at 750 tokens.

We believe to have over 300–400 staked till then. Supply will remain less and with 300–400 circulating supply and over thousands of holders, the price can reach the sky.

Mary | Satoshi Club:

What use cases do you have for Flexi Coin? Is staking just one of them?

D| Satoshi Club:

Till when supply will be decreasing?

Aaron | WE NEVER PM YOU:

Yes FLEXI COIN have staking

Rules:

  • 11–19% staking fees
  • 11–19% unstacking fees

Both fees go to the reward pool and are distributed to everyone weekly.

Many people have made 2x already in 2 -3 weeks till 750

D| Satoshi Club:

Ok, got it

Mary | Satoshi Club:

Thank you for your answers. Can we go to the next question?

D| Satoshi Club:

But I still able to burn tokens, if I send them to the burn address?

Aaron | WE NEVER PM YOU:

Haha.

Aaron | WE NEVER PM YOU:

Yes buy 100 tokens and burn them. Sure.

D| Satoshi Club:

Q2 from Telegram Username @HurricaneLad

The idea of $FLEXI supply diminishing with each and every transaction is really fun. It’s general knowledge that to burn a token, you have to send it to a burn address which will automatically make the token null and void.

Question: What mechanism do you use to achieve your own burns at every transaction and what happens the burn limit{750 $FLEXI} is attained, will the burning stop?

Question partially covered

Aaron | WE NEVER PM YOU:

Yes the burning will stop when we reach 750 tokens. The contract is developed in the same way. Yes, it is fun and the best part is that people can buy tokens and keep them and save them from wasting it.

People who trade are losing 1–9% buying and 1–9% selling.

So the best part is to buy them and stake them.

Staking is fun and the Weekly percentage is nearly 13–40%

That is a lot

Mary | Satoshi Club:

Where is Flexi Coin listed now?

Aaron | WE NEVER PM YOU:

Uniswap guys

https://www.dextools.io/app/uniswap/pair-explorer/0xa50106e8229001b1c2540186162cf246ff15d466

Dext the price went up to $350 and we think within a few days we are launching LP staking. APY staking and vaults and we think we can get this past this

Mary | Satoshi Club:

So, now you have a very small market cap

do you want to increase it?

D| Satoshi Club:

Your DEXT score is pretty low, do you plan to add more information?

Aaron | WE NEVER PM YOU:

Yes of course we can increase it. We have applied for the Etherscan verification soon it will be past 50.

D| Satoshi Club:

Got it.

Mary | Satoshi Club:

How?

Which steps you will make?

Aaron | WE NEVER PM YOU:

We are increasing LP staking soon. it will help in increasing liquidity and increasing investors.

Also, we are releasing Vaults and staking. We are also partners of SMPL coin. We are planning to do something together to attract more investors and increase the market cap and volume

Mary | Satoshi Club:

Nice steps

D| Satoshi Club:

Agree. Thanks for the answers! let’s go to the next question?

Aaron | WE NEVER PM YOU:

Sure, go ahead.

D| Satoshi Club:

Q3 from Telegram Username @apocan99

Burning 1–9%, APY-APW 1–20%, Stake-Unstake Fees 11–20%… Everything is random on your system. Why do you prefer everything to work based on “chance”? Doesn’t it cause an unfair platform for users?

Aaron | WE NEVER PM YOU:

This coin is based on the Flexi concept. That’s what I said, FLEXI COIN is for random burn and random fees on staking and unstacking. We kept it random.

Mary | Satoshi Club:

Yes, as I know you’re an experimental coin. What result are you expecting from it? Do you want to understand if this concept is working?

Aaron | WE NEVER PM YOU:

Yes, we are creating LP staking, vaults, and staking pools in FLEXI COIN. It is going to be awesome and the strategy and rules are relatively new and never ever been used in crypto. So we hope for the best.

Mary | Satoshi Club:

Thanks,

Ready to go forward to the next question?

Aaron | WE NEVER PM YOU:

Sure, I am always ready.

D| Satoshi Club:

Q4 from Telegram Username @zaferce

How much importance will you attach to cryptocurrency stakers. What incentives do you plan to offer for them to take a share in the FLEXI token?

Aaron | WE NEVER PM YOU:

We have a staking pool right now. We pay them 13–40% weekly. The stakeholders pay 11–19% staking fees. Monthly rewards will be around 50–200%. We have LP staking coming soon which will help people to increase liquidity in the pool and earn more FLEXI.

Mary | Satoshi Club:

Btw, some users couldn’t find your site

https://flexi.finance/

D| Satoshi Club:

Thanks! I was one of them

Aaron | WE NEVER PM YOU:

Lol. We will include it in the group pinned message.

Mary | Satoshi Club:

And good incentives

Also, what incentives to work on the project has Flexi team?

Aaron | WE NEVER PM YOU:

We are creating LP staking soon and we will have great incentives coming soon. We will release them here

https://t.me/FlexiCoinAnnouncements

Aaron | WE NEVER PM YOU:

You can join the group and stay updated with the project.

D| Satoshi Club:

And follow Twitter as well https://twitter.com/CoinFlexi

Mary | Satoshi Club:

Sure, we will

D| Satoshi Club:

Thank you! I assume this question is covered, let’s go to the next one.

Q5 from Telegram Username @PaoloMonte87

Are the random staking/unstacking fees calculated and recalculated any time the staking/unstacking function is called? If so, it would be very easy for most people to cheat, by simply canceling the pending transaction and retrying, until they find a favorable fee price. So, suppose you’re aware of this potential issue, how is the team circumventing it? Perhaps hiding the transaction fee? Or maybe setting a periodically fixed (that is, not function call dependent) fee? That is, which solution did you come up with to deal with such a situation?

Aaron | WE NEVER PM YOU:

Yes, random staking/unstacking fees are recalculated every time.

If so, it would be very easy for most people to cheat, by simply canceling the pending transaction and retrying, until they find a favorable fee price.

It is not possible to do that in staking. U cant cancel or play withs taking fees. The stake/unstake fees are random and you cant cancel the transaction or know about it anyhow.

Mary | Satoshi Club:

So, it’s impossible to cheat the system?

D| Satoshi Club:

Any plans to audit the contract?

Mary | Satoshi Club:

How you could

My fav question

D| Satoshi Club:

Yeah yeah

Aaron | WE NEVER PM YOU:

The audit report for the contract is here

The link for audit (PDF)

D| Satoshi Club:

Great!

Aaron | WE NEVER PM YOU:

Cheating the system is not possible. And if you come across it, please DM me. I will get some bounty for you.

Mary | Satoshi Club:

It’s a good idea for Satoshiclubbers

. Thank you and are you ready for the 6th question and the last from this part?)

Aaron | WE NEVER PM YOU:

Sure, man.

D| Satoshi Club:

Q6 from Telegram Username @samuelstook

At the moment, where you are focusing right now? building and developing products or getting customers and users, or partnerships? Could you share it?

Aaron | WE NEVER PM YOU:

Building new development products

Mary | Satoshi Club:

It’s short but exact answer

Do you want to add something or we can start with the live questions from our community?

D| Satoshi Club:

@aaronj00 we will open chat for 120 seconds, our community will ask you some questions after we close the chat, kindly select 10 questions from Satoshi club members! are you ready?

Aaron | WE NEVER PM YOU:

Yes

Mary | Satoshi Club:

Great

Let’s go

PART 2.Questions about the Flexi Coin project from the live chat of the telegram community.

 

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the FLEXI Coin crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @AmirJosh

Where can I buy a Flexi coin? Is there any promo available?

Aaron | WE NEVER PM YOU:

You can buy Flexi from Uniswap

Here is the Uniswap link

Q — 2 from a telegram user @BlankHell

Do you have a plan to create second token along with $FLEXI in future?

Aaron | WE NEVER PM YOU:

We do not plan to create another token in the future but for LP staking we might have another support token to give rewards.

Q — 3 from a telegram user @zaferce

How will the profit be earned for FLEXI shares to be won by users staking or providing liquidity to the FLEXI / ETH pool, and how will the liquidity share be distributed?

Aaron | WE NEVER PM YOU:

We are still thinking about it and might release it soon. Liquidity pools and more will be introduced soon.

Q — 4 from a telegram user @KeymerS

What is the long-term vision of Flexi Coin really? And what will differentiate it in the long term from multiple similar projects?

Aaron | WE NEVER PM YOU:

FLEXI coin is just not a coin. It’s just the beginning, we have just started and as we told everyone this is just the starting of dev, we have vaults, staking pool, lp staking, and more coming. So i guess we will call it just a starting.

Q — 5 from a telegram user @brodzonl

Hello @aaronj00

About FLEXI coin on Twitter,
FLEXI coin is a coin with a flexible supply and flexible staking.
Total supply 900
Random burn 1–9% on each transaction.
NO presale
I saw that post before this showed a smaller supply than this one. Does this mean that supply is flexible and it is changing, is there any limit for burning per transaction, does burn rate depends on the amount that is being transferred?

Aaron | WE NEVER PM YOU:

The min supply will be 750, it can’t go lower than that.

Q — 6 from a telegram user @DiegoRME

What are the plans you have prepared for 2021?

Aaron | WE NEVER PM YOU:

Yes we have

a. LP staking coming

b. Staking Pools

c. Vaults coming really soon

Q — 7 from a telegram user @BlancaSdF

Flexi burns from 1 to 9%. What decides how much to burn? How does it determine or is it random?

Aaron | WE NEVER PM YOU:

It is a completely random function. If you check the solidity code, you can check it is random.

Q — 8 from a telegram user @konditer_rolex

How is the work on vaults, Liquidity pools, and staking pools progressing and how ambitious are your plans for the number of pools?

Aaron | WE NEVER PM YOU:

We think we will be able to launch it really soon.

Q — 9 from a telegram user @leixagarcia

Why is the total supply of $FLEXI so low at only 1000?

Aaron | WE NEVER PM YOU:

We aimed to keep it exclusive and that is the reason for keeping it only 1000.

Q — 10 from a telegram user @apocan99

What are you planning to do after Flexi Vaults and Swap functionalities are activated, any new features in mind?

Aaron | WE NEVER PM YOU:

We are planning to add more staking pools and new use cases for the coin.

Part 3 — Quiz about FLEXI Coin project

 

In the final part, we would like to check your knowledge in terms of Flexi Coin project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: Flexi Coin

Telegram group | Telegram Chanel | Tweeter | Website | Uniswap | Contract | White paper

 


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