Multi Finance Protocol X Satoshi Club Ama Recap from the 31st of May

By Satoshi Club | Satoshi Club AMA Recaps | 10 Jul 2022

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 Multi Finance Protocol and our guest was . The AMA took place on the 31st of May.

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 Multi Finance Protocol! Welcome to Satoshi Club

Jonah 🏅🎹 | Satoshi Club

Our guests for today are @MultiFinanceAdmin @JeminaPowellMLM

@mrwick68

Welcome to Satoshi Club

🅼🆁 🆆🅸🅲🅺

Hi, Good afternoon all guys, Im Mr. Wick — marketing advisor of Multi Finance project, Im very glad to be here today.

Mary | Satoshi Club

Hello and welcome here

Mary | Satoshi Club

How’s going?

🅼🆁 🆆🅸🅲🅺

We hope that we will have great time today with each others when our team can bring you all information about us and which is the greatest feature of Multi Finance

Multi Finance Admin

Hi Satoshi CLUB, glad to be here with you guys, I’m Jack Elliott, Dev and Team Founder of Multi Finance. Im ready to go

Jemina Powell | Multi Finance

hello everyone. glad to be here tonight

Jonah 🏅🎹 | Satoshi Club

Great to you have All Here

Mary | Satoshi Club

We are happy to see you guys here as well

Let’s start as everyone is here

We will start our AMA with intro

🅼🆁 🆆🅸🅲🅺

yep, lets start guys, today, @MultiFinanceAdmin will be the main from Multi Finance team

Mary | Satoshi Club

Could you please introduce yourselves and tell us how did you get involved into crypto

🅼🆁 🆆🅸🅲🅺

We will mark an icon as indicator while all is done. thanks

Multi Finance Admin

Hello guys. Thank you for giving me the chance to be here. My name is Jack Elliott from Malaysia. I’m a developer and I have been in the cryptocurrency market for more than 7 years.

The collapse of the market in 2018 caused me to fail and suffer quite a lot of damage, however, that fall helped me accumulate valuable lessons. With my background and experience, I am constantly learning and developing myself further in this volatile market. As I know this cryptocurrency market is developing stormly, it is still quite primitive compared to the traditional ones. This is a promising land for me, I research and devote my passion to the protocol field. I shared this idea with like-minded people and fortunately I found great companions, we created the Multi Finance Protocol together

Mary | Satoshi Club

Early bird

Multi Finance Admin

tks mate

Jonah 🏅🎹 | Satoshi Club

Great

Mary | Satoshi Club

What is Multi Finance Protocol? Why we need it now and here?

Multi Finance Admin

We orient ourselves as a brand new cryptocurrency in the market. We are a Multi Finance Protocol that is a leading MLM (Multi Level Marketing) defi protocol that pays holders up to 636,713.69% APY. We find that multilevel is not as bad as people think. With the prompt approach, we aim to create a playground for individuals who love MLM to experience the good things about MLM, play hard and win valuable rewards in their wallets, we are trying to build a number of attractive programs for users

Mary | Satoshi Club

Sounds great, let’s see how it will go btw, can you give us an example of a company with such high APY that exists for a long time and still didn’t fail?

🅼🆁 🆆🅸🅲🅺

good question

Multi Finance Admin

As I mentioned above, Cryptocurrency is still promising land for me and I have a passion and heart in the protocol field. Staking platform to me, honestly, it is quite attractive and potential, the benefit it brings is massive. We tested and did a lot of analysis about staking, how to calculate the ultimate APY, we learned from Titano and Safuu, however, we see them still have some flaws, that why we believe that Multi finance is out-standing from them

Mary | Satoshi Club

Hope so, guys please, tell us, who help you in Multi Finance Protocol development? Who are in your team?

Multi Finance Admin

Our Multi Finance Protocol project team has 5 members including me, 2 of my friends are blockchain developers, and we have been together for 4 years in the market

Multi Finance Admin

The team has 2 more friends who have research experience, they are marketing experts and have experience in building blockchain communities. These 2 friends I have been following for a while and they did a great job, luckily, I managed to convince them to join the development of the Multi Finance Protocol project

Mary | Satoshi Club

Are you public or anonymous?

Multi Finance Admin

We have passed successfully KYC and AUDIT procedures with Cybescope ( The Pinksale partner), you can see details here:

KYC Detail: https://t.me/MultiFinance_channel/6

Audit Detail: https://t.me/MultiFinance_channel/8

Frankly, before we get involved in this project, we have done a lot of KYC and AUDIT in every big group such as: Pinksale Ecosystem, Caesar, to push marketing campaign and receive the good identity from community

Mary | Satoshi Club

Awesome, guys!

🅼🆁 🆆🅸🅲🅺

Travladd also

We want to make all clear guys

Mary | Satoshi Club

Cool. Thank you for this great intro! We have chosen six questions from our community for the first part of our AMA, are you ready to answer them?

Jemina Powell | Multi Finance

yes please

Jonah 🏅🎹 | Satoshi Club

Q1 from Telegram user @Blessingchum

The problem of nowadays DEX is the AMM (Automatic Market Maker). The users can not set the order books, so they have to see the chart all day long and choose the right time to buy/sell their tokens. Multi Finance aims to solve this problem using the Multiswap which is a combination of CEX and DEX (Multiswap=DEX + CEX). Clearly give details on the features that makes Multiswap a DEX and CEX combined. Since CEX’s are centralised, what is the extent of Centralisation of Multiswap? What KYC processes will users go through? What sort of actions/transactions can I initiate on the Multiswap? Since Multiswap combines CEX and DEX, give details on it’s advantages over CEX’s like Binance as well as DEX’s like pancakeswap.

🅼🆁 🆆🅸🅲🅺

that’s great question, I think you already deeply researched our project, that’s great for us

big question!

Multi Finance Admin

Multiswap supports users to place orders like DEX but it is DEFI, the token stays in your wallet.

DEFI’s essence is to allow people to fully decide their assets in DAPP, and we will not ask for any form of KYC to keep the true nature of DEFI.

Jonah 🏅🎹 | Satoshi Club

Yes,

Satoshi Clubbers are always the Best

Jonah 🏅🎹 | Satoshi Club

Take your time

Multi Finance Admin

After Multiswap is launched, you can swap any currency pairs with each other, as long as it uses BEP20 tokens, we have a link to the API. of Pancaswap to better support this, and our contact will be responsible for placing an order and holding it until it is executed.

In fact, we can’t compare Binance or PancakeSwap in many cases, but our mission is to create a mechanism for users to make swaps more proactive.

Thank you for a great question!

Mary | Satoshi Club

Will you have any listing procedure? Or all tokens will be listed? Even those that can be possible scam tokens?

Multi Finance Admin

Yes please, we are well-prepared for this function, we also have tool to check contract to reduce the contract scam that harmful for our investors

🅼🆁 🆆🅸🅲🅺

crypto is growing as well as the pump of contract code, hard to scan but we already planned for it

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

🅼🆁 🆆🅸🅲🅺

sure

Jonah 🏅🎹 | Satoshi Club

Q2 from Telegram user @itzabhi69

Hello !!

You mentioned ” Multi Finance is a leading MLM (Multi Level Marketing) defi protocol that pays holders up to 636,713.69% APY. ” Can you tell us more how does staking works in Multi Finance and how can you guarantee about this much APY and also How can you guarantee us that your token cannot dump by this high APY ? Can you also tell us how can we stake $MLM and what are the rewards for staking $MLM token ? Can you also tell us how compound APY works in Multi Finance ?

🅼🆁 🆆🅸🅲🅺

Lets Go!

Multi Finance Admin

Thank for your question. This is how staking mechanism work: Users buy $MLM token and keep in their wallet, the

profit will be poured automatically into users wallet, the rebasing reward is every 15 minutes, we are well-prepared for this function.

Multi Finance Admin

This APY we calculated carefully before we choose this rate, to reduce the chart broken or dump chart, we apply the high buy/sell tax: about 20% for each action. Multifinance is staking platform, not kind of buying and selling short

Mary | Satoshi Club

When this will be live? Or it is already?

🅼🆁 🆆🅸🅲🅺

[ Photo ]

this is the screenshot of app

Multi Finance Admin

Already dear

🅼🆁 🆆🅸🅲🅺

you can visit our website to check each features

Multifinance.io

🅼🆁 🆆🅸🅲🅺

and it is realtime of course

Mary | Satoshi Club

So, your users already can get all this rewards? What APY do you currently have?

🅼🆁 🆆🅸🅲🅺

Our Fairlaunch is not yet launched my friend, it will be public sell at 14:00 UTC Jun 1st. please check here

https://www.pinksale.finance/launchpad/0x55Ee7bb7489dCdc2B35926b899a8F10d48De4554?chain=BSC

Mary | Satoshi Club

Gotcha

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

🅼🆁 🆆🅸🅲🅺

you can see we already released the product by main net before creating a fairlaunch 🙂

Multi Finance Admin

We will have the Fairlaunch tomorrow on Pinksale

https://www.pinksale.finance/launchpad/0x55Ee7bb7489dCdc2B35926b899a8F10d48De4554?chain=BSC

After finishing the fairlaunch, all these functions will be released

Fixed APY at this moment: 636,713.69%

🅼🆁 🆆🅸🅲🅺

Please follow our announcement, all will be shared.

Jonah 🏅🎹 | Satoshi Club

Q3 from Telegram user @Cheriemike

I read that you have 7 functions in total in the Multi Finance ecosystem, and currently 3 of 7 applications are completed including: auto -staking, referral mechanism, daily lottery.So can you give us a sneak peek of what the remaining 4 functions are and when will they be deployed on your platform?And how will each functions provide users with more profits as they invest in your ecosystem?And for the daily lottery aspects,will users purchase a one time Ticket that will be use in the lottery draw and can you provide where users can actually get this Ticket?Please explain Thanks

Multi Finance Admin

yes please, 4 remaining functions name: Watch-to-earn with NFT gems collection,Multiswap, MultiLink W3, MUSD.

4 functions we will release in phase 4 and 5. We are still

testing and researching a lot, making a survey to find what is the best feature that users want in our application and we will follow their guideline. 4 function will be beneficial for our

users in many ways that I can not explain at this presentation, just beside and watch every step we do, we will notify our community

Jemina Powell | Multi Finance

nice questions

Multi Finance Admin

Our lottery mechanism is ready and will be updated in a few days to increase FOMO for the community. For more details we will update a tutorial on how to use the lottery on our channel right after this AMA. In an easy understanding, you need to buy 1 ticket for each prize draw and you will lose 10 MLM for one spin

Mary | Satoshi Club

Wow! A lot of functions

🅼🆁 🆆🅸🅲🅺

they are fully researching lol

Multi Finance Admin

yes please, MultiFinance is vast ecosystem

Mary | Satoshi Club

Btw, do you have roadmap? If yes, can you share it with us?

Jonah 🏅🎹 | Satoshi Club

Yeah, our members are great researchers

🅼🆁 🆆🅸🅲🅺

sure, please share for our friend @MultiFinanceAdmin

we already updated to our whitepaper also

Multi Finance Admin

yes please, here they are:

🔗Phase 1:

– Core team gathering

– Multi Finance Ecosystem concept

-Social media establishment

-Whitepaper document

-Marketing strategies outline

-Airdrop and bounty campaign

🔗Phase 2:

– Smart Contract deployment( Tesnet and Mainnet)

-KYC + Audit process completion by Cyberscope

– Marketing Pushing

– Rebase reward function releasing

– Fair Launch on PinkSale

– CoinMarketCap Listing

– Sure — Win Lottery

– Referral mechanism showing-up

– 3000 holders target

🔗Phase 3:

– PCS listing

– 5000 Holders reaching

– 50.000 memebers in the Community

– CoinGecko listing

– Partnerships facilitating

🔗Phase 4:

– Watch-To-Earn/NFT collection (beta)

– 7000 holders

– Small and medium Exchanges $MLM listing

– MUSD Stablecoin testnet

– MultiLink W3 outline

– MultiSwap(beta)

🔗Phase 5:

– 10000 holders

– Website Updating

– Watch-To-Earn/NFT collection full version

– MUSD Stablecoin releasing

– Multiswap full feature releasing

🅼🆁 🆆🅸🅲🅺

Fully check here: https://docs.multifinance.io/about-multi-finance/what-is-multi-finance

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing this

Multi Finance Admin

We have done phase 1, and is in phase 2 at this moment

Mary | Satoshi Club

Thank you for sharing

Jonah 🏅🎹 | Satoshi Club

Awesome

Mary | Satoshi Club

Ready to go to the next question?

Multi Finance Admin

yes please, ready to go

Jonah 🏅🎹 | Satoshi Club

Q4 From Telegram User @Rozielyna

From your road map I saw that you’ll be launching a Watch-to-earn platform on which users can earn by watching videos or listening to music. This will be an awesome feature. Can you tell us about the Watch-to-earn platform and how it will work? When will this Platform be Launched ? What are the requirements for users to be on the Platform ? What are some the features and functionality of the platform? What kind of Movies /music contents will he on the Watch-to-earn Platform? What is the reward mechanism you’ll be using on the Platform?

Multi Finance Admin

Good question, it’s quite big question, before answer all, I can introduce you about some features which is related and still is in development

First of all, I would like to overview about W2E of MultiFinance, as other trends of passively earning while doing something (Move, exercise, walk, play game…), we plan to develop a multiverse of earning like these trends but starting by watching, it means you can earn money while you enjoy the video which is on our website, we are working with some partners to avoid the copyright of video and some of them are your videos which you can upload by yourself and get the bounty. More detail, we will release the soon while this features release the testnet. we have many ideas now to build it

Jonah 🏅🎹 | Satoshi Club

Who will be the ones to post those videos on your platform?

Multi Finance Admin

We have 4 levels of NFT (Silver, Gold, Diamond and Red Diamond) will give you the ratio of earning. The higher level, the higher ratio of income, and I can leak you this information, for each presaler — who buy at least 1BNB of $MLM at fairlaunch, they will get 1 NFT (detail please check here: https://docs.multifinance.io/watch-to-earn/nfts-introduction)

Bounty will be farmed and you can harvest anytime (with small tax maybe) easily. After W2E function releases the testnet, we will finalize about detail of ratio of each NFT and announce to our great community

Jonah 🏅🎹 | Satoshi Club

We will be on the lookout for when you finalise the details

🅼🆁 🆆🅸🅲🅺

absolutely mate, lets follow us, we will create a new trend

Multi Finance Admin

At this moment, we and our partners will upload first, we are coding expanding feature that investors can upload their favourite video on our platform

Mary | Satoshi Club

Thank you for your answers, guys! Ready for next question?

🅼🆁 🆆🅸🅲🅺

we cant wait to share you all

Jonah 🏅🎹 | Satoshi Club

Here comes the Next question

Jonah 🏅🎹 | Satoshi Club

Q5 From Telegram User @QuianaV

One feature of the Multi Finance Protocol will be MultiLink W3, which is an information bridge that is in charge of transferring information and data from real word to the blockchain. Can you elaborate more on Multi Link W3 as an information bridge and how it works to transfer information from real world to blockchain? What are the requirements for users to access MultiLink W3 to transfer information and data from real world to blockchain and vice versa? Can you share on the Benefits of Multilink W3 to users and also to Multi Finance Protocol?

Multi Finance Admin

This is a huge one, honestly. With the mission to become the multi networks allowing the integration of real-life data into smart contracts to attract the attention of many trusted data providers sell access to data directly to MultiLink W3.

We are having so many concepts about MultiLink w3, this is a promising trend and we want to blend in. About Multi Link W3 idea: we want to create an information transferring bridge from real life into blockchain. In the clarification, MultiLink w3 is a decentralized network that aims to act as middleware between smart contracts and external data sources, allowing smart contracts to securely access an off-chain data feed

Multi Finance Admin

As you know, Smart Contract does not have the ability to interact with any data source outside the Blockchain (in 2 directions).

With the lack of connectivity between input or output data sources, it is much more difficult to develop Smart Contracts with more diverse functions and Multilink w3 can solve this problem: the connectivity between Smart Contract and data outside the Blockchain.

The data entered into the Blockchain through MultiLink w3 is considered a condition to activate the Smart Contract to work and produce an output (a payment, a certificate of ownership, a request for data transfer…

We are still doing research and testing usability and functionality to find the best feature for our system. We want to create the most superior system and please look forward to it

Jonah 🏅🎹 | Satoshi Club

Will this give access to all kinds of data?

Multi Finance Admin

at this moment, we are testing smart contract on ethereum, just small piece, this is quite huge, please follow us to update more

Mary | Satoshi Club

Sure, we will

Thank you for your answers! Ready for the 6th and last question from this part?

Multi Finance Admin

yes please

🅼🆁 🆆🅸🅲🅺

I think we are all ready

Jonah 🏅🎹 | Satoshi Club

Q6 From Telegram User @jameslekan664

On the 5th Phase of your roadmap, you plan on releasing a stable coin ($MUSD). The recent Saga with terra’s $UST is a matter of consideration because I personally never thought that a stable coin could loose so much value. Firstly, What sort of stable coin will the $MUSD stable coin be? What are the reasons as to why you will be launching a stable coin? What utilities will the stable coin be based on? How will you ensure that the stable coin will continually maintain it’s pegged value? Why should users choose $MUSD over the likes of $USDT, $BUSD and $USDC?

Multi Finance Admin

This MUSD is our dream and we are still making outlines for stablecoin.

You know this time, stablecoin is a very sensitive word because of Luna and UST. People doubt the benefits of stablecoin and its potential. We want to create stablecoin that always keeps its peg no matter how fluctuated the market is.

However, from conception to launching an ultimate stablecoin takes a very long time and effort. We have an expert developer team and a massive fund to do many testnet.

🅼🆁 🆆🅸🅲🅺

get ready guys, this is your time

Multi Finance Admin

To reduce risk and receive more support from crypto market for our stablecoin, every step we do forward, we will do a poll and make a survey to collect community idea, we think this is the best solution so that we can know exactly which people like about stablecoin and we will create MUSD that meet our community expectation. Please beside us and waiting for MUSD

Mary | Satoshi Club

Thank you, guys for this amazing first part of our AMA

Before live part will start can you share your social media links with our community

🅼🆁 🆆🅸🅲🅺

please join us here:

🌐 Social Media:

Website (https://multifinance.io/) | Main Group (https://t.me/MultiFinance_chat) | Channel (https://t.me/MultiFinance_channel) | Twitter (https://twitter.com/MultiFiProtocol) | Discord (https://discord.gg/2ta63mCt8M)

Mary | Satoshi Club

Thank you

Are you ready for the storm of questions now?

🅼🆁 🆆🅸🅲🅺

Our official Local community:

Spanish: @MultiFinance_chat_es

Chinna: @MultiFinance_chat_cn

Turkish: @MultiFinance_chat_try

Vietnam: @MultiFinance_chat_vn

Philippines: @MultiFinance_chat_PH

Multi Finance Admin

yes please

Mary | Satoshi Club

Let’s go

Jemina Powell | Multi Finance

we ready

🅼🆁 🆆🅸🅲🅺

Lets Goooo!!!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @tahanisg

Within Multi Finance’s roadmap is the creation of MUSD, a stable currency. Can you explain how it will work? What stabilizing mechanism will it use? What will be its purpose within the project?

Multi Finance Admin

We want create stable coin that stand solid in this volatile market. This MUSD is our dream and we are still making outlines for stablecoin. You know this time, stablecoin is a very sensitive word because of Luna and UST. People doubt the benefits of stablecoin and its potential. We want to create stablecoin that always keeps its peg no matter how fluctuated the market is. However, from conception to launching an ultimate stablecoin takes a very long time and effort. We have an expert developer team and a massive fund to do many testnet. To reduce risk and receive more support from crypto market for our stablecoin, every step we do forward, we will do a poll and make a survey to collect community idea, we think this is the best solution so that we can know exactly which people like about stablecoin and we will create MUSD that meet our community expectation. Please beside us and waiting for MUSD

Q2 from Telegram user @devil_1807

Does your platform support multiple languages so that it is easy for non English users?

Multi Finance Admin

Currently we focus to build it by English, we will continue to add more other languages (as our Local communities) — it is in our roadmap: Phase 5- update our Website
https://docs.multifinance.io/about-multi-finance/roadmap

Q3 from Telegram user Mr. Turbo Wiper

Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable ?

Jemina Powell | Multi Finance

yes please, you can see it here
💎 KYC Detail: https://t.me/MultiFinance_channel/6
💎 Audit Detail: https://t.me/MultiFinance_channel/8

Q4 from Telegram user @Arnavx5

What is Sure-Win Lottery? In this winning lottery is confirmed? Can you share more information on this?

Multi Finance Admin

1% of trading fees will be transfered to the lottery pool and the lottery will be drawn every 30 seconds if you buy

Q5 from Telegram user Victoria

I read about your referral mechanism, can you explain more about how it works, can you give details of the reward structure

Multi Finance Admin

When you enter the information of your referrer on our website, you will get a discount tax, it becomes 10% for each buy/sell action, and you just need to do it one time.
If you want to get more MLM, you can invite people in your system ( your downline), the more people join, the more MLM you get. This action is up to you, we don’t push anyone have to invite people come, just do if you feel free and comfortable

Q6 from Telegram user Cryptoson

I am interested to invest in your project. When and where can I buy your tokens Is it already listed exchanges?

Multi Finance Admin

Hi my friend, thanks for your interesting, appreciate about that, as our mentions above, our token is not yet listed. Our fairlaunch will be started at 14: 00 UTC, Jun 1st (in the next 24hours) at pinksale platform as link below:
Link: https://www.pinksale.finance/launchpad/0x55Ee7bb7489dCdc2B35926b899a8F10d48De4554?chain=BSC
We already listed $MLM to CMC and it will be tracked after listing on Pancakeswap

Q7 from Telegram user @DuaArzoooo

Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?

Multi Finance Admin

you can see it here
💎 KYC Detail: https://t.me/MultiFinance_channel/6
💎 Audit Detail: https://t.me/MultiFinance_channel/8
Our whitepaper here:
https://docs.multifinance.io/about-multi-finance/what-is-multi-finance

Q8 from Telegram user @Thisistoyin

After finishing your FairLaunch, it was stated that you will distribute the gemstone NFT for users in 7 days, well, i would like to get more details regarding the Use cases and benefits of the Gemestone NFT that would be distributed to users, does this also mean that all users who were able to Participate in your Fair launch Presale regardless of the quantity they bought, would also get these Gemstone NFTs?

Multi Finance Admin

Yes please, this gem will be NFT collection of Watch To Earn function and we will use this first for our promotion on Pinksale: Buy presale, get NFT free.

Please join our Fairlaunch to get gems reward
Link: https://www.pinksale.finance/launchpad/0x55Ee7bb7489dCdc2B35926b899a8F10d48De4554?chain=BSC

we are creating NFT marketplace for users can trade gems, please follow us to update new when we release this marketplace

Q9 from Telegram user @highpee

You allocated 2.5% of $MLM fees for insurance, Can you explain how users of Multi Finance are insured against malicious incidences and how this allocation will be used to provide relief during unexpected situations that may result in losses?

Multi Finance Admin

Thanks, about this point, we want to share you this:
2.5% of trading fees are stored in the Multi Insurance which helps sustain the systems. and Insurance will be used in below cases:

Avoiding flash crash.
Avoiding black swan events.
Avoiding pump and dump whales
Buying back when needed.
We need to build a great community of $MLM investors, so we will do our best to keep you safe

Plz check here for more information: https://docs.multifinance.io/rebase-system/insurance

Q10 from Telegram user @leixagarcia

What will be the requirements to participate in Multi Finance lottery sessions? How often will they take place? Once a day?

Multi Finance Admin

There are no requirement or limitation for lottery, just buying some MLM and you can join lottery session.Every 30 second, there will be a lottery contest for every hodlers to join.
It is a sure-win lottery and the ticket fee is 10 $MLM.
For every 10 $MLM, you can have chance to win from 5 $MLM to 100 $MLM