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 Trava Finance and our guest were @quinnTrava and @lamtrava. The AMA took place on the 3rd 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 Trava Finance! Welcome to Satoshi Club
@quinnTrava and @lamtrava are our guests today
Andrés M. | Satoshi Club: Welcome to Satoshi Club @lamtrava, @quinnTrava!
Lam | TRAVA.FINANCE — Will never DM you first: Hi everyone, glad to here today. I am Lam from Trava Finance.
Mary | Satoshi Club: Hello, welcome here! How’s going?
Lam | TRAVA.FINANCE — Will never DM you first: Everything is fine until now. We are looking forward to an interesting day with Satoshi CLUB.
Mary | Satoshi Club: And you will get it
Quinn l TRAVA.FINANCE — Will never DM you first: Hello everyone
Andrés M. | Satoshi Club: Hello
Mary | Satoshi Club: Hello, happy to e-meet you!
Quinn l TRAVA.FINANCE — Will never DM you first: More than well, because of too much energy when we have chances to discuss with Satoshi Community.
Andrés M. | Satoshi Club: Is an honour for us to have you here!
Mary | Satoshi Club: That’s super! I like your mood
So, let’s start, guys! Could you please introduce yourself and tell us more about Trava Finance?
Lam | TRAVA.FINANCE — Will never DM you first: My name is Lam, Head of blockchain technologies & Co-founder of Trava.Finance. I received Ph.D. degree in Computer Science from Vienna University of Technology, Austria. I have been working in blockchain field since 2018. Together with my colleagues, we have been developing many blockchain-based applications and publishing novel results at many conferences and journals.
With Trava.Finance, our team aims to provide a novel lending protocol for the users, that is based on Data analysis to enhance user experience and encourage greater participation.
Mary | Satoshi Club: You have pro level in crypto!
Lam | TRAVA.FINANCE — Will never DM you first: I think crypto is a big world which needs a lot of knowledge.
Andrés M. | Satoshi Club: Agree with you.
Mary | Satoshi Club: Sure, I think no one can tell that knows everything! Each day — new knowledges.
Lam | TRAVA.FINANCE — Will never DM you first: Totally agree with all of you. So we are here today and we want to know more knowledge, ideas from Satoshi CLUB community.
Mary | Satoshi Club: We will do our best
Quinn l TRAVA.FINANCE — Will never DM you first: My name is Quinn Pham, Marketing Lead of Trava.Finance. I am very happy to be a part of the revolutionary project. I’ve worked in the field of MarCom in many IT projects over the years and was immediately in love with DeFi and Lending in particular. I can’t find this sort of energy and culture outside of the crypto space.
Trava team, including specialists and individuals in such domains of blockchain, finance, risk management, and other related fields, expects that users can assess TRAVA.FINANCE as a lending project providing the best solutions with a long-term vision.
Mary | Satoshi Club: Yes, energy here is unbelievable!
So, how young is Trava Finance? How many people are working on its development?
Lam | TRAVA.FINANCE — Will never DM you first: We are a team including more than 20 members. We have started since 2018. At the beginning, we develop some projects such as a platform to create Dapp in a quick and easy way, tracing application.
Andrés M. | Satoshi Club: Please tell us, what is the meaning of Trava name?
Quinn l TRAVA.FINANCE — Will never DM you first: TRAVA means Transfer Of Value. We built Trava.finance which is a novel lending protocol for users among multiple blockchains.
Andrés M. | Satoshi Club:
Amazing concept, we are excited to know how you will implement your ideas.
Lam | TRAVA.FINANCE — Will never DM you first: We have developed Trava project since the begining of this year because DEFI is an interesting domain, and we have some new ideas.
Mary | Satoshi Club: Wow, you are not a young project and have a lot of time for development! Why did you choose lending? What is missed in this space?
Quinn l TRAVA.FINANCE — Will never DM you first: We expect that Trava can bring many interesting things and good experiences for users for example data analysis.
Mary | Satoshi Club: I am really excited about all your features!
Lam | TRAVA.FINANCE — Will never DM you first: Yes, we provide some unique features including pool creation, data analysis (such as credit scoring service, NFT auction).
Mary | Satoshi Club: Really nice! I think we can talk about this in details during first part of our AMA
Andrés M. | Satoshi Club: Thank you so much for the introduction
Well guys, we have collected the best community questions for you, ready to proceed?
Lam | TRAVA.FINANCE — Will never DM you first: We are ready for the first part
Quinn l TRAVA.FINANCE — Will never DM you first: Go ahead to Community questions
Q1 from Telegram User @DK177:
According to your roadmap, you are launching the Alpha version of the knowledge graph in this quarter and the Beta version in the next quarter. Further, testnet will be launched in the first quarter of 2022 and the mainnet in the second quarter. Could you please explain the features of the each version? Although you have a clear plan to develop the project, don’t you think prevailing pandemic situation may hinder the process? Your roadmap ends from the second quarter of 2022. Don’t you have any long term plans? Where do you see your lending marketplace in the next five and ten years?
Lam | TRAVA.FINANCE — Will never DM you first: Thank you for your question. This is an interesting and long question
and I’d love to answer it.
Mary | Satoshi Club: Sure, take your time!
Lam | TRAVA.FINANCE — Will never DM you first: For the Knowledge Graph version, we divided it into two phrases, including Alpha and Beta versions. We would like to prove the feasibility of building the graph based on the data gathered from different sources (blockchain networks) for the Alpha. In this direction, we have to deploy a node of a selected blockchain (we’ve chosen BSC), then we store all state of data transactions from the network via the node. We shape the knowledge graph by indexing all entities related to wallet addresses on the network and link those entities together according to the data features.
We have done the first version of this graph. In addition, we also offer the update mechanism frequently for the graph. The update speed hit near real-time. Next, we would like to build up a data analysis service based on the knowledge graph for the Beta version.
This is an important factor because the built service will demonstrate the applicability of the graph in practice. In this way, we have already developed a credit scoring mechanism for our products. The scoring functions will be applied to many DEFI areas like evaluating borrowers, lenders, tokens, markets, pools, etc.
For the first step, we have provided credit scores for ORAI holders (ORAINCHAIN is our partner), then we also calculated the score for those who deposit into our staking vaults. Please visit our staking site to get experience of credit score service: https://staking.trava.finance/
Mary | Satoshi Club: Nice TVL
Lam | TRAVA.FINANCE — Will never DM you first: Thanks. TVL is around 4.3$ millions. You can participate in the staking program at https://staking.trava.finance/
Mary | Satoshi Club: Who will participates in Alpha and. Beta versions? Will it be available for everyone?
Lam | TRAVA.FINANCE — Will never DM you first: We collect transactions from existing chains and create the graph of everyone.
Mary | Satoshi Club: Gotcha! What about long term plans?
Andrés M. | Satoshi Club: Do you have more partnerships?
Quinn l TRAVA.FINANCE — Will never DM you first: We officially announced our partnership with Orai — the world’s first AI-powered oracle and ecosystem for blockchains. Both sides now cooperate with each other to integrate AI-powered Oracle services into the lending platform. More details at: https://bit.ly/TravaFinancexOraichain
Few days ago, we also have the new partnership with Dfyn — a multi-chain DEX with it’s current node live on Polygon network. This cooperation is really meaningful in optimizing the user experience on the lending platform with the cross-chain functions: https://medium.com/trava-finance/trava-finance-announces-partnership-with-dfyn-9b6a541747f9
We’re looking for partners in NFT marketplace, as TRAVA.FINANCE allows for NTFs as collaterals.
Lam | TRAVA.FINANCE — Will never DM you first:
Here are our partners.
Quinn l TRAVA.FINANCE — Will never DM you first: Don’t forget follow our channels to get more updates: https://t.me/trava_finance
Andrés M. | Satoshi Club: Congratulations
Let’s join Satoshiclubbers
Mary | Satoshi Club: Thank you for your answers guys! Ready to go to the next question?
Quinn l TRAVA.FINANCE — Will never DM you first: Can’t wait for more
Q2 from Telegram User @ItsMelissa3:
While other lending platforms have a single lending pool with rigid rules defined by themselves, TRAVA creates a marketplace in which users can create and manage their own lending pools to start. That is a great innovation. Is there a maximum limit of lending pools that users can create? What benefits do users who create their own lending pool receive? Do users receive any kind of advice from TRAVA when creating their own lending pool?
Quinn l TRAVA.FINANCE — Will never DM you first: Thanks @ItsMelissa3 for your question.
We support users who have high-value assets that can create their own pools to obtain more benefits than just taking the lender role. As pool owners, users can manage their pools to attract more lenders and borrowers. When there are more lending and borrowing activities in a pool, the pool owner will get more fees from users, so earn more profits.
Currently, our App does not limit the number of pools that one user can create. However, we think that users should focus on a limited number of pools to make them more attractive than other pools.
TRAVA performs cross-chain data analysis on multiple blockchain networks to support users in pool creation to (i) recommend optimal pool parameters for pool owners and (ii) detect unusual transactions in their pools.
Mary | Satoshi Club: How expensive will it be to create a pool?
Quinn l TRAVA.FINANCE — Will never DM you first: About 0,3 BNB
Mary | Satoshi Club: Yes, I don’t think someone will create hundreds of pools
Lam | TRAVA.FINANCE — Will never DM you first: We are optimizing to reduce this fee.
Quinn l TRAVA.FINANCE — Will never DM you first: This fee is just transaction fee, we do not charge users any kind of fee.
Andrés M. | Satoshi Club: Wow, I want to create mine
Mary | Satoshi Club: Which blockchains will you support in cross chain analysis?
Quinn l TRAVA.FINANCE — Will never DM you first: BSC, upcoming is Polygon and Eth.
Mary | Satoshi Club: Nice choice, but I suppose it’s just the beginning?
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, at the beginning we have the plan deploying on BSC.
Mary | Satoshi Club: Gotcha!
Andrés M. | Satoshi Club: More chains are coming right?
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, as I said before, Polygon and ETH are in the near future.
Lam | TRAVA.FINANCE — Will never DM you first: Yes, of course. We plan to support all major chains. The next plan is Polygon and ETH, and open to other chains soon.
Mary | Satoshi Club: Thank you for your answers! Ready to jump to the next question?
Quinn l TRAVA.FINANCE — Will never DM you first: Yass
Q3 from Telegram User @Highpee:
To address the problems of NFT’s subjectivity and sentimentality for lending pools, you announced that you will integrate Oraichain NFT price feed and AI-Right’s NFTs to price NFTs in a trustworthy and objective manner. First, I will like to ask why you prefer to adopt Oraichain’s price feeds to optimize lending pools’ utilities rather than other oracles such as Chainlink? How will Oraichain solve the sentimentality accompanied by the subjective nature of NFT valuation and pricing? In what way will this allow you to enable objective NFT pricing, avoid its price fluctuations and integrate NFT into the lending process?
Lam | TRAVA.FINANCE — Will never DM you first: Thanks for your question. Glad to know that you have looked into TRAVA. I will answer it.
Oraichain is one of our partners. They provide many quality services, the pricefeed is one of them.
Hence, from our list choice, we will use the functions of our partner first. However, the goal of Trava’s team is to bring the best functionalities for our customers. So what is the best, we will try to apply to our protocols.
We are always open to any partners, which have the best functions that can bring value for our users. We will listen to Chainlink and do a comparison first between the two services. Of course, partners are also an important factor when we consider the choice.
Regarding NFT, Trava will provide the NFT auction function for our users. Hence, we can help user price their NFT. The users can put the NFT (already priced) into lending contract or sell directly after the auction. In this way, we can increase the NFT liquidity, bring NFT into the real-life (lending business).
It should be emphasized that we will not use Orainchain’s pricing function. We will build another for Trava with unique features.
One again, thanks for your great question and I hope that I provide enough information to @highpee.
Mary | Satoshi Club: It’s really exciting, till now NFTs are mostly beautiful pictures.
Lam | TRAVA.FINANCE — Will never DM you first: I agree with you. We plan to bring NFT into lending pool. Therefore, NFT auction is an effective way to open the acceptance of NFT.
Mary | Satoshi Club: When this auction will be live? Will it be testing in Alpha and Beta versions?
Lam | TRAVA.FINANCE — Will never DM you first: In Q4 we will provide this service — NFT auction. So please join our project to know what we are doing
Mary | Satoshi Club: Perfect! We will definitely try it! I think a lot of people want to bring more value to their NFT collection’s.
Andrés M. | Satoshi Club: Could you share us your roadmap? To know what else is coming
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, all the detailed information of our roadmap is on the website: https://trava.finance/
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Quinn l TRAVA.FINANCE — Will never DM you first: Go forward!
Q4 from Telegram User @nhairym:
Trava distributes tokens with a long-term vision and sustainability for the project, which are its strategies to generate liquidity and keep its funds financially stable, as well as Trava hopes that users can evaluate TRAVA.FINANCE as a project that provides the best solutions with a vision. In the long term, how would your team self-assess your performance, integration, perseverance and entrepreneurship in the complex crypto market, and what can be the risks of owning a multiple crypto wallet?
Quinn l TRAVA.FINANCE — Will never DM you first: Nice question, @nhairym!
We believe that Trava has its own advantages over existing DEFI projects, which creates a solid foundation for the success of this project. However, Trava could not be successful without having the participation of community, including supports, suggestions, and requests.
To evaluate the project, we base on the following factors:
- Are the goals in the roadmap be accomplished? For example, credit-score evaluation, multi-wallet user identification, cross-chain lending.
- Are the requests and suggestions from the community be met?
- Is the value of Trava stable and increasing?
Currently, a user can own multiple wallets on diverse chains such as Ethereum, Bitcoin, Binance Smart Chain, etc. We plan to develop a service that allows us to identify the relationship and ownership of existing wallets. As such, we can recognize that the same user having different wallets.
Through this detection, we can increase the credit score of the users, which is very important for lending and borrowing problem. In traditional banks, a user who has a high credit score, can have more advantages to make a loan. We want to apply this fact to the crypto domain.
Andrés M. | Satoshi Club: Clear and detailed, thank you
Mary | Satoshi Club: And no less detailed answer. What are the biggest difficulties you faced while developing your project?
Lam | TRAVA.FINANCE — Will never DM you first:Hard question:), I must say. I will try to answer it. There are many difficulties that our project need to solve.
Firstly, it is the people factor. You should have outstanding teams with very strong IT skills, and DeFi knowledge. You also should have some supporters from your partners in marketing, and business. Without a good team, you cannot do anything.
Secondly, it is QoS. We always put the product quality very high to serve the demand of the community. Therefore, requests, ideas, and supports from the community are very important to us. We believe we can provide a high quality of products when we have a community beside us.
Mary | Satoshi Club: That’s 100% true!
Yes, all feedbacks and ideas, community creativity always help!
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, community is an essential factor to our project development
Andrés M. | Satoshi Club: You have an interesting project. Btw, how can you assure that user’s funds are safe? Have you done audits?
Quinn l TRAVA.FINANCE — Will never DM you first: Risk can occur in smart contract on many networks. To ensure the safeness, we have several strategies and we are on the process of implementing them.
They are as follows:
- Auditing code performed by third-parties: we are now contacting with Certik and Hacken.
- Audit internally our code. We have a strong team with high-security skill.
- Community check: we will organize hackathon events and reward programs that encourage the community to detect risks.
Andrés M. | Satoshi Club: Great job caring about security, is really necessary.
Mary | Satoshi Club: Thank you for your answers guys! Ready to jump to the next question?
Quinn l TRAVA.FINANCE — Will never DM you first: Go ahead
Q5 from Telegram User @Shinchan_O_P:
Trava Finance mentions that you will focus more on potential and dynamic markets such as India, Arab countries or Korea. Therefore, can you explain why focus mainly on these regions of the world? Is the project not intended to be global in scope?
Is your project a global or local project? And what is your plans to spread awareness about your project globally?
Quinn l TRAVA.FINANCE — Will never DM you first: Thank you, @Shinchan_O_P.
Actually, we would like to serve everyone around the world (i.e global), not only India, Arab or Korea.
However, we always listen and consider all feedback, comments from every market like India, Arab to improve our functionalities. Thus improving our QoS that brings users.
Trava is a global project. We accept all customers around the world except for people in the territories where the government does not allow crypto.
Remember to read our Terms of Service carefully to make clear our state
Mary | Satoshi Club: So, some regions will be restricted to use Trava Finance? Do you already have such list?
Quinn l TRAVA.FINANCE — Will never DM you first: Find more here: https://app.trava.finance/terms-of-services
Andrés M. | Satoshi Club: So, do you have some ambassador program?
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, we have plan of ambassadors and education programs for users. We hope to receive support from everyone. Until now, we have some and they are active.
Andrés M. | Satoshi Club: We want to know more about your community
Mary | Satoshi Club: We will wait for the updates from you! Don’t forget to share with Satoshi Club
Thank you for your answers! Ready for the 6th and last question from this part?
Quinn l TRAVA.FINANCE — Will never DM you first:
Q6 from Telegram User @centerone12:
Without a doubt, community support is one of the most important factors leading to the success of a project. Do you have a strategy to engage and expand the community? As a developer and if I find some bugs in TRAVA Finance core contracts, how can I report them? Will you compensate any? Even after some testing, why do you think there will be some error?
Quinn l TRAVA.FINANCE — Will never DM you first: Nice question about community from @centerone12
Find more about our community: https://t.me/trava_finance
To us, community always comes first and we would like to become a community project soon.
As a user, you can do a lot of activities to contribute to the sustainable development of TRAVA by participating in borrowing on the platform, creating pools, depositing money into pools, and participating in other activities such as AMAs or mini-games. We would greatly appreciate your participation.
As a dev, you can join our technical support group on telegram to give a contribution to the development of our project, so we can improve our solutions and better our project.
Currently, our Telegram (https://t.me/trava_finance) has more than 15K members. We appreciate the interest of the community and hope to meet the wishes of users. Come and join TRAVA community
Mary | Satoshi Club: Btw, you have interesting announcement, as I see
Dear Trava Community,
We’re pleased to announce that the prize for the Speed-up Round of “Credit Score Olympic” has been updated on our Staking site (https://staking.trava.finance/).
We are even more than happy to announce that in comparison with Kickstart Round, more than 100 additional participants has joined in “Credit Score Olympic”. And the prize unit in Speed-up Round was determined at approximately $5.29.
More importantly, with a view to increasing the prize for all participants then creating a strong driving force right before listing, we have raised the total prize of this round to 1,500,000 TRAVA. And for the Finish-line Round, the total prize will be 2,000,000 TRAVA.
The prize will be calculated in US dollar and distributed in TRAVA at the converted price from USD to TRAVA at the time of distribution.
Congratulations to all participants.
Let’s get ready for the Finish-line Round of the Game now (https://medium.com/trava-finance/credit-score-olympic-let-the-game-begin-28f5fa2321de).
Our Official Social Media Links:
- Website (https://trava.finance/)
- Telegram (https://t.me/trava_finance)
- Announcement (https://t.me/trava_finance_official)
- Twitter (https://twitter.com/trava_finance)
- Medium (http://blog.trava.finance/)
- Reddit (https://www.reddit.com/r/TravaFinance/)
- Github (https://github.com/TravaFinance)
Quinn l TRAVA.FINANCE — Will never DM you first: Yes, it’s about our Staking Program with high incentives. Come and join us!
Mary | Satoshi Club: Satoshiclubbers
Thank you, guys! A lot of useful info we got during first part! And second part is knocking at the door
Andrés M. | Satoshi Club: @quinnTrava and @lamtrava, thanks for this great first part of the AMA, we enjoyed so much
Quinn l TRAVA.FINANCE — Will never DM you first: Really nice questions from community
Really detailed about TRAVA
Mary | Satoshi Club: Live part!
Lam | TRAVA.FINANCE — Will never DM you first: Yes for sure, let’s go into it
Mary | Satoshi Club: Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @donthaveanynameatall:
When and where will Trava list? Do you plan to provide Farming for users?
Lam | TRAVA.FINANCE — Will never DM you first: $Trava token will be listing on 5th August on Pancakeswap.
Please follows our channel (https://t.me/trava_financet) to get updates about the token contract and time.
Yield Farming is indeed very prominent today and TRAVA.FINANCE do support this functionality. Users can start to farm TRAVA from 5th August after listing time only 2 hours.
We encourage user to become liquidity providers of Trava vault and receive great profit from it. We also support some other tokens in our vaults.
Q2 from Telegram user @junenov:
Will the Trava platform have any rewards programs to incentivize users now and in the near future?
Quinn l TRAVA.FINANCE — Will never DM you first: Currently, we are offering a staking program which allows users to stake tokens into Trava’s vaults. The program is the foundation of providing liquidity for our lending pools in the future, and more than that, by participating in our staking program (https://staking.trava.finance), users will get enormous APY.
FYI: The first snapshot and the second snapshot was very successful, since it hit more than 4.6 Million in TVL.
The third snapshot of the staking program has started from July 29th and lasts to August 5th.
At the moment, the airdrop program named “CREDIT SCORE OLYMPIC” is running with a prize up to 3,000,000 TRAVA in total for anyone staking in one of three Trava’s vaults.
Read more about this program: https://bit.ly/3zQfJqV
Don’t forget join this program (https://t.me/trava_finance/43744) to get high incentives!
Q3 from Telegram user @ysasoma:
On its website, Trava Finance mentions Credit Score Evaluation, which indicates that based on the knowledge graph, TRAVA assesses users’ credit scores. So, how is the credit score evaluation done on your platform, what are the bases for having a high or low credit score, what are the advantages for the creditor if he has a high credit score and what about if he has a low credit score?
Lam | TRAVA.FINANCE — Will never DM you first: A great question, our credit score formulae are built up based on FICO method and data analyses processes.
FICO is the famous method, which brings reliability for everyone. Besides, our financial team always tries hard to ensure the measurement is precise through turning, monitoring, and audit mechanisms.
The credit score is calculated in a long time (day, month) based on the activities of users, the number of tokens which the user is holding, etc.
If the parameters are high then credit score also is high and vice versa. If you have a high credit score, you have a big chance to get a high Trava pool’s reward, increase the lending ratio per collaterals, etc. A credit score will help you get wins with many profits as compared with others.
Q4 from Telegram user @niko518:
At TRAVA FINANCE, any collateral type, including NFTs, can be used as collateral for any currency. How can NFTs serve as collateral for any currency if they are not fungible? The quantity of currency that may be lent is determined by the current price of the NFT.
Quinn l TRAVA.FINANCE — Will never DM you first: We will provide the auction function for NFT assets. Thus, the NFT’s owners can open an auction session to price the NFT. The auction winner can buy directly the NFT or he/she can join in a collateral smart contract by locking their NFT’s payment. In this way, we can price, and put NFT into the lending process.
Besides, our approach also helps increase the liquidity for NFT because the asset can be used in the lending business in an easy way.
We also avoid the price fluctuation of NFT because the NFTs have been priced in the auction contract before.
Q5 from Telegram user Marzia@K|J:
Well from what I read from today AMA, Trava is great lending project, may I know how are the ways if I want to purchase Trava token? Any info regarding presale or public sale of your token?
Lam | TRAVA.FINANCE — Will never DM you first: Nice question. We are delighted to announce that TRAVA will be listed on PancakeSwap at 3.00 P.M UTC August 5th.
This listing of $TRAVA is to complete the diverse lending ecosystem of TRAVA.FINANCE, in which $TRAVA serves as reward, governance, farming, collateral and payment. Moreover, the listing of $TRAVA is to ensure the token allocation and token release for a long-term growth of TRAVA.FINANCE.
Q6 from Telegram user @surendra040:
In Trava platform, semantic cross chain knowledge graph is new for me to understand. Can you explain how this graph works and covers the useful data structure and linking? How does this graph work in search of useful information and NFTs data?
Quinn l TRAVA.FINANCE — Will never DM you first: The knowledge graph is one of the most fundamental components of TRAVA, which is responsible for storing and representing aggregated data from multiple blockchain networks. The graph and TRAVA protocols make independent blockchains interconnected and create the internet of hyper-linked blockchains, allowing DApps to address complex business in reality.
Let us assume that a user creates one address on the Bitcoin network and one address on the Ethereum network. Because there were no relationships among these addresses, the knowledge graph creates two anonymous users, i.e., AnnonymousUser1 and AnonymousUser2. AnonymousUser1 owns the Bitcoin addresses (i.e., WalletAddress3), and AnonymousUser2 has one Ethereum address, i.e., WalletAddress1. Various information related to a wallet address is stored in the graph. For example, the WalletAddress3 entity contains the average balance, the total amount of ETHs transferred in and out, the total number of transactions, or the average, median, mode, and highest number of ETHs transferred in one transaction.
Depending on users’ needs, the cross-chain identification protocol also supports linking two wallet address entities by a guarantee relationship. Once an address is lost, if all the addresses that guarantee the address confirm the loss, the address status will be claimed as lost in the knowledge graph.
Wallet addresses can also be connected by a transfer relationship. To ensure scalability, rather than detailed transactions, statistical and aggregated information on transactions is calculated and stored in that transfer relationship. As in the knowledge graph example above, several remarkable pieces of information are saved, including BlockchainAddrress1 has transferred 400 ETHs in total to BlockchainAddrress2; it is performed through 10 transactions, and the largest transaction transfers 200 ETHs.
Q7 from Telegram user @Korryl:
Could you explain more about your staking system “Credit Score Olympic”? How are new user possible to join in your stake event and what are the rewards?
Lam | TRAVA.FINANCE — Will never DM you first: The Game, with its ultimate goal to get users to have the first thrilling experience with the inclusive and profound Trava credit scoring system, would be an additional event for all users to earn a more rewarding prize. We’re giving away more than 3,000,000 TRAVA in total for anyone that has credit score by staking in one of three Trava’s vaults.
As staking in Trava vault, we will perform calculating your credit score and rank your wallet address based on your credit score. The higher your credit score, the higher your reward.
Q8 from Telegram user @TheKop9:
A big thumbs up to Trava Finance for the new partnership with DFYN Network. My question is how will DFYN network fit into the Trava ecosystem and which benefits will Trava reap with this partnership? Will it be only funding or something on the implementation side such as swap, liquidity pool as well?
Quinn l TRAVA.FINANCE — Will never DM you first: There will be 4 main benefits for users when we cooperate with DFyn.
We now cooperate with each other to integrate cross-chain solutions from the DFYN ecosystem into the TRAVA lending platform.
The detailed cooperation plan is as below:
- Credit score evaluation for users.
- Speed optimization and Fee reduction.
- The mortgage of assets on multi-network.
- Future Scope: The NFT-collateralized feature of TRAVA on Dfyn network.
That is the brief about our cooperation. Find more here: https://medium.com/trava-finance/trava-finance-announces-partnership-with-dfyn-9b6a541747f9 Stay tuned for more updates regarding our partnership with DFYN and future announcements about new features and innovations.
Q9 from Telegram user @Asela1112:
Can NFT artists manipulate the price of NFTs in auction or will you take care of that by yourself?
Lam | TRAVA.FINANCE — Will never DM you first: In the auction process, the owner can set the initial price, auction price step for their NFT. During the auction, NFT price is evaluated by bidders. Hope that it is clear for you
Q10 from Telegram user @raine1718:
Hello, could you tell us about the Trava Finance project’s marketing strategy for attracting new users? How can you persuade people that the Trava Finance Project is unique and special?
Quinn l TRAVA.FINANCE — Will never DM you first: Marketing is a very important factor that brings any project to users. There is no exception for TRAVA.
We have done many marketing activities, including:
- Connecting with influencers, KOLs.
- Doing AMAs in many channels such as we are here today :).
- Publishing articles in Medium and other information channels.
- Providing incentives programs for users like staking pools, games regularly to enable them to get rewards.
- Last but not least, we are based on many USPs of TRAVA. The USPs are the strongest attractive points for our users rather than many marketing campaigns.
Regarding Strategic Partnerships, we officially announced about our partnership with ORAI and Dfyn.
In addition, we would like to make partnerships with data providers or data services with a view to improving our analytic results. Join our channels to get updated information.
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:
English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/