We are pleased to announce our next AMA on September 24th 2020 at 03:00 PM UTC Time: Satoshi Club x PoFi Network
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PoFi Network Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 80 seconds. You can post Max 5 questions. PoFi Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PoFi Network
For more details:
PoFi Network – @PoFiNetworkOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Can You tell me How PoFi Network solves the major issues on the Ethereum Blockchain? What are the advantages that PoFi has over one of the most used block chains?Thanks!!
Why PoFi Chain uses the Proof-of-Stake as the consensus mechanism unlike the public blockchains which use proof-of-work as the consensus mechanism what purpose it solve in ecosystem of PoFi chain?
I saw On Your website that 25% of $PoFi total supply will be in circulation. What happens to the remaining 75%? Can you share a breakdown of your tokenomics??
PoFi network aims to solves the scalability issue of the existing public blockchains. But PoFi network build under Ethereum Network which has scalability issue now. How can PoFi Network solve this problem? Will PoFi have own Network in near future?thanks!!!
Is token sale unsold will be burnt?$Pofi network
How mechanism to participate in lending and borrow program?
What benefit will get if participate in lending and borrow program ? $Pofi network
One of the PoFi Network products is the PoFi Wallet. can you explain more details? What are the superior features compared to other wallets?
What’s the economic model? What are the benefits and Innovations of PoFi Network? And how can I get my first $ POFI token? is it through the IEO Platform? What IEO platforms can I visit to get one? or use P2P? maybe there is another special way?
Why PoFi Chain uses the Proof-of-Stake as the consensus mechanism unlike the public blockchains which use proof-of-work as the consensus mechanism what purpose it solve in ecosystem of PoFi chain?
PoFi Network Is building a Hybrid Blockchain Specifically for DeFi called “PoFi Chain”. Can you explain The features of both a Public and Private blockchain that is being implemented in POFI network and how POFI Network intends to run a chain For DeFi that can merge the advantages of both the Public and Private Blockchain
5% of the Your Total supply of tokens will be used to pay Developers and well known Audit companies to keep up with the security standard and make sure the PoFi Network products are highly secured and error free..can you tell us if any Audit has been done yet on POFI Network, and what types of audit companies is POFI network looking forward to working with.
PoFi Network has various products that will be built on it. One of them is a PoFi Wallet and another is PoFi Swap Will POFI wallet only be used to store POFI Tokens? and what tokens and coins do you plan to support on POFI swap
Zero transaction fee for the transactions on PoFi Chain is a very attractive model. But the question arises as to how the network will be protected from spam attacks by creating multiple microtransactions?
The protocol description says that user who borrows the amount need to give collateral for which only 65% of it is given to the borrower in the form of desired token. What were the reasons for determining this percentage of collateral?
In your website, I just read that Pofi Swap of Pofi Network is being compared with Uniswap and we know that Uniswap is popular nowadays especially with their UNI token giveaways just a few days ago. So what is your plan ahead to follow the trend with Uniswap? How will Pofi Swap strategically compete with Uniswap?
• Why are PoFi smart contracts better and more reliable than those developed in the ETH network? What are the variations of this type of contract?
• How do you maintain network stability and reward validators if transactions within PoFi Network are 0 fees?
In PoFi Swap, the POFI Token holders will be having the right to vote what other tokens are to be supported on PoFi Swap. Each vote costs one POFI Token.So why does it needs to cost one Pofi token if it is said to be right to vote? What is the proceeds of the cost in voting?
• PoFi Chain is a hybrid chain, what did you hybridize? The consensus? Or privacy in transactions? How does this hybrid blockchain work?
Can you explain more about the Pofi wallet in Pofi Network? How will it be usable and functional to the users? Do you plan to establish a mobile application for Pofi wallet for easy use and better access to your users?
We’re all know that September is a difficult month for the crypto world due to unstable market situation,
Why did you choose to hold a IDO for $APY token at this month?
Do you see an opportunity with the current volatility in the markets??
How does the APY Finance Backup provide liquidity for exchange and how is the backup better than ordering a book? How is APY Finance changing the new DeFi ecosystem and what are the plans for the next few years?
What algorithms and commision rate used in the APY Finance yield farming platform? Is it designed to make a passive income?
Is the project only focused on benefiting farmers? Are there other features in particular that the project introduces to the community to encourage investment in the medium and long term? If so, what other than farming?
Have the smart contracts been audited by the blockchain system? is the safety guaranteed so feel safe when providing liquidation for $APY?
How does APY automate the provision of financial liquidity? Also, what kind of special technology does APY use?
Does the APY Finance team have a training and guidance system for newcomers to cryptocurrency? How do you attract and reach them?
APY Finance most ambitious goal is to create a “community governance ecosystem” right? Before go to live do you have any plan to create a demo version where shows that how it’s works actually?
I know the liquidity pool will be available soon for the early investors to receive APY tokens-with the IDO. So we should only putting it into the liquidity pool the amount that we will not need to pull out to buy tokens from the IDO?
How much tokens supply that platform plans to sell and to distribute them as an incentive among the APY Finance platform’s liquidity providers?
Leading CEX’s Binance and Huobi lauches their own farming pool. How can APY Finance compete with already established Yield Farming in the Market?
With Innovations in your services, I would like to know if there is any type of restriction when carrying out an operation, would you have to pass a KYC verification?
What are the pros of having Yield Farming in APY Finance? How does APY Finance makes things efficient for users that are veteran, new or casual users?
What is the competitive advantage that POFI NETWORK has to achieve scalability that helps them attract more users to the ecosystem?
What are the uses of APY TOKEN? where can I get it? Also, is it already listed on any CEX or DEX? how PROFITABLE is this token?
What will be the requirements to participate in APY governance? Will it be a specific number of $APY required
Apy finance’s team mission is to democratize yield farming. What are the key points of the current way yield farming is developed that needs to be changed to achieve that, and what is your approach for it?
What is the new APY Finance token burn economic model? When will the token burn take place and what benefits do you see from this model for the APY Finance ecosystem as a whole?
APY Finance is a community driven project, so what are the incentives that you offer to your community? And what are the minimum requirements to participate?
Recently APY Finance released its Tokenomics plan, so i wondering the APY token have any BuyBack or Burn system to create more demand ?
Some DEFI Yield Mining projects this week showed a strong decline. How do you plan to increase public confidence in the APY Finance project, despite some of the negative aspects associated with Yield Mining projects?
What do you consider to be the main weaknesses of the yield farming user experience and how does APY finance intend to solve them?
Although ETH 2.0 is delayed to next year, but it will solve all exist problem of ETH and become the best choise for dApps in future, so do you think this is a threat for your project and how could you overcome this barrier?
Will APY Finance offer any mechanisms to prevent the addition of fraudulent tokens, such as transferring new tokens through management?
What is your strategy for maintaining the price of the APY token and what mechanisms will be involved? What are the main objectives of the APY Finance project until the end of 2020?
For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
What are the vision of the team about long term? Could you give as to invest the community members in $APY long term?
Will APY Finance make yield farming accessible only to DeFi professionals or the average user? Who will APY’s yield farming appeal?
The Liquidity Mining Rewards program of Apy Finance was recently announced. How can we participate as miners, and what are the reward % and dates of distribution?
How does APY automate the provision of financial liquidity? Does APY use any special technology for the above?
Kindly please list 1-3 killer features of APY Finance that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
What is your key difference and advantage compared to other Yield Farming Aggregators like iEarn “Y” pool and Akropolis Delphi?
DeFi Yield farming is driving adoption because it brings crypto back to the promise of democratizing finance.
What are your thoughts on this?
What are Apy.finance liquidity mining plans?
How does the APY Finance Backup provide liquidity for exchange and how is the backup better than ordering a book? How is APY Finance changing the new DeFi ecosystem and what are the plans for the next few years?
What are the advantages of registering for Alpha Launch? Will you be able to enjoy the benefits and get the rewards or will it be a “simulation”?
Being Apy Finance fully community-owned. What do you expect from your community? How is the support you have received from your community?
”YAM” another Yield Farming project running with un-audited code, faced with critical errors leading to the falling of ”YAM” v1, frozen 750k$. So how will APY Finance prevent the same mistake from happening? Have APY Finance carried out multiple audits with independent parties?
APY.Finance smart contracts are continuously routing users’s funds to the latest-and-greatest yield farming strategies. Under which mechanism can the platform find the best oportunities, and how is the risk of the user controlled?
Can you tell me more about the sequence diagram between Lender , Borrower , Smart Contract and Collateral in PoFi Finance. What is its operation principle in PoFi Finance ?
With 3-level hierarchical Architecture ,how can @NetworkPofi manage and reduce data storage on cloud environments ? Explain how data storage can be stored in First , Second and Third Level .
What is the algorithm used by #PofiNetwork ? What does it solve the problem of blockchain system ? How do you manage the algorithm and operate it?
What would really be the conditions and benefits of POFI token loans? Why prefer to rent them when I can buy them easily? will the tokens be depleted soon?
How does the hybrid PoFi blockchain manage not to charge any type of fee or fee in PoFi Swap exchanges? or is it just a temporary promotion?
I have really searched Coingecko and Coinmarket for information about the $ POFI tokens and I didn’t find any information, what does PoFi need to appear on these websites? launch your tokens in an IEO?
to use the PoFi Swap IEO do I need to exclusively use PoFiWallet? or can I link Metamask or Trust Wallet in it?
How can I become a validator on PoFi Network and thus earn rewards? can I also stake in this project? What requirements should I follow?
Why choose to develop a Dapps with the PoFi Network chain instead of another blockchain? can they be developed more quickly and with better efficiency?
PoFi Network is a community governed platform thanks to the DAO system? Or really what system do you use for effective community administration?
I understand that the ETH blockchain has certain inefficiency problems, which is not the case with PoFi, but why prefer the PoFi chain over TRON? if the Tron chain doesn’t have the problems that ETH presents
What is the mission and vision of this PoFi project really? is it simply developing a new blockchain that is fully transparent, decentralized and without high transaction fees?
I understand that PoFi Network uses Proof of Stake as opposed to Proof of Work used by public chains, shouldn’t it use both tests to be “a Hybrid Blockchain”?
Token use and utility are my biggest concerns, can you tell us the utility and use case Of Pofi
What’s the core tech of the Pofi hybrid blockchain, does it sufficiently offer a robust solution to the problem in DeFi
How would the team view PoFi token holders as retail investors? Where do you see value in ‘us’ and what can we do to provide the most successful support for your work?
As a community driven project; how can I contribute my quota to your success? Do you have a Global ambassadorial Program or Referral Reward System? Do I get any benefit from holding PoFi in long-term?
PoFi Wallet is built on PoFi Chain and takes zero transaction fees when a transaction is performed, which tokens are supported in the wallet, how would ETH transactions fees be?
PoFi Chain uses proof-of-stake consensus, proof-of-work is more secure, which advantages of proof-of-stake make it better for PoFi chain and how do you enhance security?
PoFi Network is building PoFi Chain, a Hybrid Blockchain. Most new platforms are following the DEXs trends, what would be the advantages of a hybrid platform on DeFi?
Some major issues of ETH Blockchain are Low Throughput, High Transaction Fees, Low Privacy. How has PoFi Chain overcome those issues?
If in PoFi Chain ecosystem there is zero transaction fee, where will the node validators staking rewards come from? How cab the staking program be competitive with others?
Please can you tell us about Melon Protocol and his role in the Pofy Network
What are the distinguishing features of POFI NETWORK from other blockchain projects? You offer everything that is already on the market. How are you going to win the attention and trust of users.
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Pofi Network has a Pofi Wallet. can you explain in more detail and concise and excellent features than other wallets?
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PoFi Network has many products including PoFi Swap,PoFi wallets and many more. Which product is the main product offered to the community or the public?
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Transaction fees are a major factor in Financial Services.
How does the PoFi Network solve the above problems to attract the community or the public?
How can I get my first $POFI tokens?POFI Token holders will be having the right to vote on PoFi Network Governance system. So, WHAT ARE THE REQUIREMENT And what is the minimum amount of Pofi Token required for voting?
How are you going to keep the price and performance of the coin and the POFI network? Node rewards will not be effective if the POFI price is low. Do you plan to attract investors, buyback, burn?
Tell us about your nodes and the rewards for them. How many types of nodes exist, from which fund do you take POFI for rewards and for how long such support is provided for nodes?
Can we say that POFI is no longer a token? Would it be correct to call POFI a DAG coin?
Is PoFiSwap a standalone platform or is it already built into the wallet?
What is the difference between PoFi Finance Governance and PoFi Swap Governance?
Does your wallet and Pofi Swap support other Blockchains and tokens? Or should tokens hosted on Pofi Swap be generated on the Pofi Swap network?
POFI claims that it provide solutions to those problems that defi projects face on ethereum by reducing fee, by increasing privacy etc but what if Ethereum 2.0 resolve current problems on eth blockchain,will there be no usecase of pofi after that??
What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
Tokens which are to be supported by pofiswap are decided by community vote using pofi token.Will there be different vote power based on how much a voter has pofi tokens or everyone has same vote power??
As pofi uses proof of stake, in which node validators should stake pofi tokens to become node validators, How much tokens will they need to become node validators??
can you describe how big is your team ? please describe the roadmap for the project
what type of technology is PoFi using for the privacy part of the project ? what will be the performance of the system ?
What are the main token earnings and real-life usage of the PoFi Network As an investor, why should we invest in the PoFi Network project as a long-term investment?
For what purpose is this PoFi Network project being launched? What is the main purpose of the token?
What distinguishes you from your competitors?