We are pleased to announce our next AMA on September 1st 2020 at 02:00 PM UTC Time: Satoshi Club x POFID
⚠️Click to see the hour
⚠️Total Reward pool: 1000$
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join POFID Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. POFID Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about POFID
Special Task: $500
– First 500 users that join TG group Pofid will get 1$ each.
– Complete this form after you join Pofid TG Group.
For more details:
POFID – @pofid
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
My first question:
Which Blockchain Network POFID DAO project based on?
Second Question:
What does CMC and DMW stand for?
Third question:
Could you please tell us some Core Functions of POFID’S platform?
What are your goals for implementation by the end of 2020?
As known POFID supports transaction privacy, the transaction or payment information sent between accounts and accounts themselves also cannot be publicly accessible. Could this create difficulties when listing on exchanges? How does it happen with Monero.
The core smart contract of POFID DAO is (DMW) Decentralized Mortgage Warehouse can you explain how this works and what it does.
What are the key features of the sero public chain that makes it more suitable for POFID to build Its DeFi product on.
Can you explain POFID’S stability guarantee and liquidation mechanism for issuing stablecoins
• When making a contract in Pofid DAO, an 8% service fee is charged, of which 80% is sent as a reward to PFID holders, but what is the destination of the other 20%? How are the profits distributed to the holders?
• The decision-making system in DAOs is often slow and complicated. How does Pofid solve these problems? Do you have any incentive for people to participate in voting?
• What are the big differences and advantages that Pofid DAO of MakerDAO has? Do they have the same goal or are they only similar in that they use a Decentralized Autonomous Organization?
I have read the description of your wallet but didn’t quite understand what do you mean by digitizing more complex non-homogeneous assets and pledged for currency issuance. Sorry for my lack of knowledge ))) Please explain in simpler terms this
How does the Layer 2 algorithm designed by POFID work? Also, why did you decide to base the project on SERO public chain? Thank you!
How POFID solves the shortcomings of decentralized stablecoins? Can any institution use POFID? Thank you!
How does the POFID Governance Mechanism work? Can I participate in platform governance decisions through PFID’s staking? Thank you!
Currently defi projects are emerging very rapidly, POFID is also a DEFI project. So what’s the difference between POFID and DEFI projects that have been released before?
What is the difference of POFID DAO and most other StableCoin? Do you think that difference puts you ahead of your competition?
What does the POIFD framework include? What are the characteristics and features of each? What benefits does it bring to users?
Can you introduce The core smart contract of POFID DAO is DMW (Decentralized Mortgage Warehouse)? What features and advantages does it network over other projects?
What are the benefits of holding a PFID token? What plans do you have for exchanging PFIDs on centralized exchanges?
What is The Decentralized Mortgage Warehouse (DMW)? What are the main tools of the DMW and how does it help POFID?
There are a lot of DeFi launched now, and hacker attack activity increases. What protections does POFID have to avoid these types of problems? What features of POFID make users trust in you?
What products has POFID launched now? Do you have plans to launch other products in the future?
How is the partnership between POFID and SERO organized? Are you planning to continue collaborating with other projects in the future and supporting your businesses?
What ideas motivated you to create POFIDs and the problems you went through in the process?
Currently, SERO is providing technical solution for POFID, how do you integrate them? From a technical standpoint, do the main advantages of SERO help POFID solve business problems better than other blockchains?
Why did POFID DEFI choose SERO as a partner to implement their project? What is the importance of SERO in your project?
Application is always the top priority of projects, how do you plan on using POFID in real life?
Can you tell us what the POFID team has made this year? What achievement are you most impressed with, and why?
Given DeFi’s global growth and competition, what is the main selling point of POFID’s products? How will you gain dominance in the DeFi market, especially against well-known projects such as MAkerDAO, LEND…, and others?
Privacy protection and user information are of the utmost concern for all projects at the moment. What features has POFID implemented to protect this? What strategy is to make POFID more secure?
Which countries will POFID DAO support? Is completion of KYC, AML required for your customers? If so, how do you keep such information completely safe?
With the covid19 epidemic still going on around the world, will POFID encounter any problems? Will your activities continue to follow the planned route?
Why should users hold Pofid long term?
Where can I find information about Pofid?the project has a website or whitepaper?
What does POFID have different and putstanding in front of the thousands of DeFi projects that are being developed?
Based on some available data, POFID DAO uses Decentralized Mortgage Warehouse (DMW) as your primary smart contract. Can you explain DMW in simple terms, how it works and what it uses in your network?
How advanced is POFID DAO as a DeFi platform compared to other DAO projects in terms of its stability, liquidation mechanism and performance in extreme market conditions?
According to your website,In Pofid mining, Pofid will produce a total of 10 million tokens, 51% of which will be distributed among holders in 20 years.Can you explain about this mechanism, is it given annually for 20 years or it will be distributed after 20 years to the holders?What is the assurance that it will really be realized and not be disregard since it is so long time?
Do you have plan to launched Pofid wallet in mobile application for Android or Ios? What is the best features that it has?
share with us more details about the tokenomics. 51% from 2 million will be shared among hodlers for 20 years. Please explain the details of this distribution. Also, who holds the rest 49%?
Can you explain more about the POFID Dao Incentive Mechanism? What is the pros and cons of this features?
We know, we do not see the future, but, how does POFID DAO prepare or plan to solve a crisis called black-swan-event in case it happens in the future again?
DeFi, or Decentralized Finance, has become a hot topic in the industry. On that front, I’ve seen Pofid Network detailing DeFi use cases on the website. What would you say is the most promising DeFi application for Pofid Network at the moment?
Excellent, thank you for sharing with us
So what are the strengths of the protocol compared to other projects?
what is the technology behind pofid.? why use that
how big is the POFID team, how sustainable is the fund raised for the project ?
_I noticed that your name contains DAO. What are the similarities between POFID DAO and Maker Dao across a range of products?
_The DEFI industry faces the same challenges as most projects: ease of use, scalability, interoperability, and transaction costs. How will the project solve these problems using the SERO blockchain?
The DEFI space is very young and is changing rapidly. My question is, how flexible are POFID DAO tools to adapt to changes in the DEFI crypto space?
Lately, many DEFI projects have emerged offering the same. What exactly do you offer POFID DAO that fundamentally distinguishes you from other projects?
Most investors want to invest in work products or MVP. What stage of development are your POFID DAO products in?
What is the structure of the company POFID DAO, is it a decentralised, open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
How does POFID DAO assess the risks associated with market uncertainty and volatility? Is there a mechanism to hedge market risk to keep its users safe?
What further developments of POFID DAO, in your opinion, will be the most attractive for large organizations?
The investor is not thinking about technology, but about the price of the token. How do you balance the development of technology and the value of the POFID coin?
Is it safe to say that SERO blockchain is the perfect choice for implementing POFID DAO?
Why should I use POFID DAO as a financial solution? What are the advantages of lending protocols on the POFID DAO platform?
Can you elaborate on your past funding rounds and future plans?
The issuance of stablecoins in DEFI projects faces market liquidity issues. How do you solve this problem in POFID DAO?
When choosing a project for investment, 3 things are important for me, cost, compatibility and safety. How can you guarantee me that these 3 things are available on POFID DAO?
Can you tell us about the motivation and benefits for investors to keep the POFID token in the long run? What plans do you have to help drive the demand and scarcity of the POFID token?
Is there insurance for the cost of POFID in the event of an emergency or sudden system failure?
What innovations does POFID DAO offer in DEFI? How is POFID DAO changing the new DeFi ecosystem and what are the plans for the next few years?
What technological advantages does the SERO blockchain offer for POFID’s long-term success?
What are your most important next priorities until the end of 2020? Are the basic tools sufficient to achieve these goals?
Will any staking program run with your token? Can you tell us about the motives and benefits for investors looking to undertake an POFID in the long term?
Is POFID DAO secured against smart contract vulnerabilities? Have you carried out multiple audits with third parties?
What stage of implementation is DAO – POFID in? Is it possible to somehow measure the level of autonomy and decentralization of the POFID DAO project?
DEFI is currently a trend for investors. What do you think about the competition with other DEFI projects? What are the points in which competitors in the market cannot beat POFID?
Ethereum-based DEFI is getting very expensive, will POFID DAO services be more affordable?
Question 1.
The application “Novac” POFID dapp framework, what measures are you taking to remove all complexities in it’s usage and to allow for a user friendly interface.
Question 2.
Borrowing and lending using POFID core smart contract DWM, how do you intend to ensure continuous availability of varieties of stablecoins (liquidity) for users to exchange with their digital assets to be pledged.
Question 3.
What service difference do you intend to provide to attract prospective stablecoin issuers (customers) to use the POFID platform for governance solution for their stablecoins.
Point out the unique features of Pofid wallet if i’m to choose this wallet over the other wallets?
I’ve been looking for a wallet to keep btc for my kids for long term purpose, probably 20 years but my fear is will I ever see a wallet that will still be in existence for that period of time. Can you talk about pofid wallet longterm survivability strategy? How do you assure us that in several years to come Pofid wallet will still be at our service of providing safety to our digital assets?
How do you see Defi potential for pofid right now!?
What role do you think pofid will takes to makes defi better in global usage!?
What kind of stable currency that pofid support?
Do pofid have relationship with DAO?
If yes what it is?