We are pleased to announce our next AMA on September 27th 2020 at 12:00 PM UTC Time: Satoshi Club x RioDeFi
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join RioDeFi Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 80 seconds. You can post Max 5 questions. RioDeFi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about RioDeFi
For more details:
RioDeFi – @Riodefiofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
The site says that you operate across blockchains to leverage the strengths of each. What blockchains have you studied and what strengths and weaknesses have you identified?
At the moment, there are three wallets in development (Android, iOS and Web wallet). When can we expect the development to be completed?
Is there any reason on using the name Rio, are the team members from Rio De Jenairo ? What’s the unique selling point of RioDefi ?
What type of marketing strategy is RioDefi choosing to onboard more user to the system ? What will be the minimum viable total locked value to sustain the project ?
I understand that one of the most important characteristics of Rio DeFi is its amazing ability to adapt to the market, what is the main technology or challenge that you have had to adapt to today and how did you do it?
It is a bit tedious to use platforms with accounting technological problems. What solutions does Rio DeFi offer to generate high levels of speed and offer optimal transaction performance in the ecosystem?
I was reading on your website that RioDeFi offers excellent interoperability to its users, but what tools do you use to create good compatibility with existing systems without complexity of use?
The Rio Generic Asset Bridge supports simultaneous cross-chain transfers of multiple
assets, and the end-to-end functionality. How can the Rio Generic Asset Bridge compete with Lightning Network and Liquid Sidechain?
How does RioDEFI offer strong incentives for traders/investors to join the network? Why is it a good option to choose RioDEFI among the hundreds of DeFi coins that currently exist?
When it comes to Interoperability, RioChain is a PARITY Substrate-based blockchain that utilizes
POLKADOT technology for its cross-chain compatibility. What is the Polkadot “parachains” to RioChains?
Rio Chain currently operates as a FEDERATED blockchain rather than a PERMISSIONLESS public blockchain. What are the advantages of using Federated Blockchain?
In one of the AMA’s conducted earlier you mentioned Crypto.com as your main competitor on the market. Looking at your roadmap it’s rather ambitious and you’d be creating a rather similar comprehensive ecosystem in much shorter time than how they’ve done. I’ve been in their project since the ICO and they have faced a lot of difficulties along the road, delaying i.e. the debit cards release by years. Obviously as investors we are interested in the best “alternatives” and RioDeFi’s vision seems really fascinating. What kind of factors make you believe that you could provide a rather similar ecosystem in a much shorter period as per your roadmap? Has the market structure changed somehow and what makes you confident that your ecosystem will be better overall?
Why do you consider the Rust programming language as the most suitable one for the RioChain’s technical solutions? What kind of advantages does it bring to your ecosystem over some other programming languages and with which blockchain is it compatible?
You’ve planned to offer instant loan programs. Could you tell us more about the mechanisms behind this? Which tokens can we use as a collateral and in which value in order to receive loans in stable coins? What kind of interest is associated with the loaning and are some discounts offered for the RFUEL token holders & stakers?
With the recent partnership with SK Chain it states that they can bring new services which directly enhance the output of Rio. What implication may this have within RioDefi (technology, advisors, the community)?
Is Moonpay one of the steps RioDefi has in mind to accelerate the mass adoption of digital assets? Are there other milestones to fully accomplish this goal of bridging traditional and centralized finance?
One of the features that really caught my eye was the B2B transaction ecosystem, what does it consit of?
[I would love to be a Spanish RioDefi Ambassador, and thanks for answering our questions :)]
today we heard what happened to the big pda exchanger … is that true or not we also don’t know …. even though it’s a different case but can RioDefi ensure the safety and comfort of data for the community ???
Can you explain how the main milestones the Riodefi team will run before the end of the year or in the future will help them succeed and what it will look like in 2020 and beyond?
Can you elaborate on your Smart Program which seems quite interesting?
What distinguishes you from your competitors?
I read that you agreed with BCW group. Other than that, what kinds of digital payment options do you have? or will it increase even more?
Security is a priority for users. Can you inform us about how you ensure security?
RIO WALLET is coming on the app stores, great news! So what are the distinguishing features of Rio Wallet which can help us prefer to use it?
The subject of NFTs, Non-Exchange Tokens certainly seems to be one of the biggest candidates, the new exciting topic of the crypto world after DeFi. What is your opinion on this matter?
How does your system provide the adoption to any type of consensus algorithm, what is the infrastructure that performs it?
From PoA to PoS model and there it’s consensus Algorithms from AURA to BABE why do you need to switch very significantly?
Why is Rio Chain using a federated model? What are the main indicators and TPS of this model?
DeFi get hacked a lot recently, there still seems a long way to go for DeFi, so what makes you confident that your collab with Polkadot will work out from a defi angle? how Polkadot can help improves Rio Defi interoperability with a scalable network and shared security?
Why does MantraDAO decide to build a platform based on Rio Chain ? What features does Rio Chain provide for MantraDAO ? How does MantraDAO apply RioChain’s features in ecosystem ?
Rio DeFi’s vision is to create a world in which everyone has access to decentralized financial (DeFi) services. Which products have you built to help FastTrack achieving this vision of yours?
What are the main utility and real-life usage of the Riodefi As an investor, why should we invest in the Riodefi project as a long-term investment?
When we look at the dynamics of central finance and traditional finance, the biggest problem of RioDefi seems to be regulations. What will you do to overcome this? I read that you have a licensed cryptocurrency exchange in Estonia. What other plans are there?
I saw on your telegram group that RioDeFi will hold an IDO for your $RFUEL token at September 28th,
My question is, what is the maximum supply of $RFUEL token to be circulated, and how do you control the coin price so its doesn’t get dump and keep stable after its get listed on several markets soon?
Many projects only issue tokens but there is no specific use in real-world cases for these tokens, projects must have an utility to prove it can be used in the real-world cases.
So, what are the uses and functions of the $RFUEL token, and what role will it play in the RioDeFi Ecosystem?
PoA (Proof-of-Authority) looks secure but there is an essence where decentralization and censorship is an issue. Can you explain why you used that instead of other PoS variants?
Cryptocurrencies and dApps are currently too complicated thereby creating a poor user experience. This has led to the lesser percentage (<1%) of current cryptocurrency market in the global available market. How do you aim to resolve this issue?
How does the RioDefi Backup provide liquidity for exchange and how is the backup better than ordering a book? How is RioDefi changing the new DeFi ecosystem and what are the plans for the next few years?
RioDeFi facilitates cross-chain transactions & bridges the blockchain with traditional financial systems. What methods did you use to create this link with the traditional system?
A lot of projects seem to be working with Polkadot now as well. What did Rio Defi decide to use Polkadot to run it network protocol instead of Casper or Cosmos? What will Polkdot do for the project?
RioChain is the heart of the RioDeFi ecosystem, what did you prioritized most when designing the RioChain? What are its features? And how user friendly is it?
The Rio Defi Wallet is very close, so How many accounts can i open from the same device? What is the Incentives that you offer to grow the amount of wallet’s downloads ?
Considering that Rio chain is built at business level, DApps builded in others platforms can be adapted to work into the rio DeFi ecosystem?
The Rio DeFi Web Wallet only will have a Google Chrome extension? What about other browsers?
To build a successfully project is needed have a strong and committed community, so can you tell me why is better to and regular person use Rio DeFi to Earn profits, develop DApps or just be a holder?
Rio DeFi can be considered a Hybrid custodial platform? Considering that use private and public Keys? What are the public ones?
If i don’t want to download/install a new app, can i have access directly from any Web assembly Wallet as Metamask or Trustwallet?
Built a Brigde between traditional finance and DeFi maybe will attract participation of New Crypto without so much experiency, so How Rio DeFi take care about this Novice hands? Rio DeFi has any educational program?
Can you explain why in the future, Rio DeFi Will change the Aura Consensus algorithm for the POS?
RIO DEFI always says that its principal Focus are the security and the scalibility, but can you tell us what about the Privacy and User-friendly terms?
The current cryptocurrency market involves less than 1% of the global available market, and Rio DeFi said it will help bring the other 99% of the world into cryptocurrencies. How do you aim to achieve this objective of yours and how soon will it be possible?
You’ve planned to offer instant loan programs. Which tokens can we use as a collateral and in which value in order to receive loans in stable coins? What kind of interest is associated with the loaning and are some discounts offered for the RFUEL token holders & stakers?
Why is Rio Chain said to be the heart of Rio DeFi? Is this the fundamental pillar of the project? Also, what are the features of Rio Chain that make Rio DeFi one of the best projects in DeFi?
DeFi and Dapps are two pillars primed to rule cryptocurrencies, what’s your strategy to DeFi and Dapps?
staking ☑️
burning☑️
buyback ☑️
& DeFi ☑️
Q. can $RIO share thoughts on what I mentioned above ?
does it have an impact on the value of the project?
What is the Role of Tokens in your # RioDeFi & why do you need Blockchain, if Yes you need Blockchain then why you need $ RioDeFi tokens?
Mainnet launch is one of the many factors affecting the value of a digital asset And this will attract many users to invest in a Blockchain Company What are your plans about that? What are your upgrade and integration of your Mainnet? Can you tell me about your $ RioDeFi token and utility?
What do you think is the biggest problem RioDeFi will solve that no other project is solving now, and why is the problem important to solve?
I have read of MANY projects oriented to DeFi lately, it is logical to think thay most of them won’t make it to last along time, why should we trust that RioDeFi can actually settle as a long term platform?
Yeild farming is a new trending so do you have any plan to yeild farming system development?
Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token
What’s the main Business Model of #RIO DeFI Platform? How #Rio DeFi Blockchain Platform generates Revenue for project’s Growth & Developments?
RioDefi had three of its modules RioBridge RioAssets and RioRuntime audited by Certik and one of the recommendations from Certik to RioDefi was to improve the documentation of your codebase… Was this the only problem discovered in your three modules? What part of your codebase documentation did you initially get wrong and how did you improve it.
As part of RioDefi’s effort to build bridges between traditional finance and the digital asset services RioDefi recently Built a bridge for India.. Can you explain how this bridge functions and what it does…. What other regions are you currently looking at to build a similar bridge for
RioDefi partnered with SkChain Advisors
on digital payment and network technology to guide RiodeFi in expanding the services which will benefit the community members in various manner so far what has been the recommendations and benefit from this partnership that RioDefi is implementing in its ecosystem.(in other words what are some of the useful advice SKchain has given to RioDefi)
•Soon RFUEL will be listed in Uniswap in its Initial Dex Offering. After this do you plan to expand to other exchanges? Are Cexs in mind or will you keep RFUEL just in Dexs?
• Is RFUEL then a token that belongs to ETH network or to RioChain? Is it a hybrid token? How do you interconnect it between both chains?
• What is RioChain’s greatest achievement? Do you think it is a special platform for the development of decentralized projects focused on DeFi?
RIO WALLET is coming on the app stores, great news! So what are the distinguishing features of Rio Wallet which can help us prefer to use it?
Why did MANTRADAO, Bitpool and KOJ choose to use RIO CHAIN? What are the advantages it provided for them?
How does your system provide the adoption to any type of consensus algorithm, what is the infrastructure that performs it?
Why is RioChain using Proof-of-Authority (PoA), what are the advantages of this consensus algorithm?
Can you provide some information about AURA and GRANDPA? What are the roles of them in the Rio ecosystem?
The mission of Rio Ecosystem is to bridge traditional and decentralized finance. So, what have you completed so far on the traditional part? What plans do you have for the real life cases?
What are the major updates for Reodefi that are coming out in the next years and where can I see your technologies working and how I believe you?
could you explain a little about ReoDefi and what Is make it different From another project?
This is the 4 important things: Transaction fees, slippage, transparent and liquidity. So, please explain How does ReoDefi to solve the above problem to attract users?
There are wallets that dont allow to exchange decimals of tokens, leaving these without use. This happens with Rio Wallet? Could be a funtion in Rio Mobile Wallet when is launched?
Latin America is a difficult market due to the difference in languages, but many projects are running campaigns to grow their communities. How can Rio Defi benefit from Latino communities? Do you have local representatives who can explain how the project works?
What security strategies does the Río DeFi implement for the security of customer assets?
Right now Rio Chain can do 3000 TPS, but this number of TPS could increase in the future?
without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top
Can you tell us more about the Rio Wallet, how secure and robust is it and what currencies and features would it support
Explain more about RFUEL STAKING AND LOCK UP PROGRAM. DO YOU ALSO HAVE A YIELD FARMING PROGRAM, Explain how it works
Sorry ,Could you please tell us how many RioDeFi Tokens have been sold during, Pre-Sale, Private Sale and etc
Does RioDefi have any plans to activate ‘Yield farming’ in RioDefi in the future to attract Public attention ?
Could you please provide some information about future movements that RioDeFi will make Just a little bit even though it’s Secret
You are currently using the Proof-of-Authority (PoA) consensus algorithm but in the future you have planned to change to Proof-of-Stake (PoS) algorithm according to your website? Why is this shift necessary for RioDeFi and what kind of benefits does it bring along with?
How do you relate to each other with another Polkadot-based project MantraDAO. Is RioDeFi operating on their technologies or the other way around and what are you seeking from this partnership? Are you planning to co-operate with another Polkadot projects in the future?
Currencies such as BTC, Eth, USDT, USDC can be purchased on your website. The minimum transaction is $ 20. Why exactly $ 20, no more and no less?
Rio Fuel is used to pay for transactions at RioChain. How can I get RFUEL?
RioWallet can store any RioChain based currency. Does RioWallet have the ability to exchange currencies with each other?
RioDeFi recently partnered with U.S. fintech company MoonPay to host its payment services and to bridge fiat and cryptocurrencies. What makes you confident that MoonPay is the correct choice for you in order to have RioDeFi’s services adopted globally and not for example Skrill which as a company are slighly more mature? Congratulations on the great partnership!
I have read from your website that RioDeFi’s ecosystem will be interoperable with institutions and companies outside of the blockchain/cryptocurrency space. Could you please tell us more about this? What sort of corporations are you planning to work with to get RioDeFi’s products widely adopted?
In the remainder of the year, you’ve planned to release the iOS and Android versions of the RioWallet. Could you please tell us more about the unique features that the upcoming wallet will have? Would it be possible to run some external third-party dApps for example through the wallet?
1.$RFUEL of Rio Defi is sometimes being compared with $OM of Mantra Dao. The same goes with $OM that at first really pumping and weeks pass it suddenly dump, do you think $RFUEL will be the same too or it leads with different direction?
Rio web wallet cannot be accessed yet , so can you give us a little overview how it looks like? How this wallet be unique ? What are some of the unbeatable characteristics that it has?
What are the use cases of the RFUEL token and how do you ensure that the token captures the value of the architecture of Rio DeFi?
Ethereum have destroyed operability with their high cost fees. How RioChain and RioDefi can avoid this problem?
RioChain is a public Blockchain built on the Parity Substrate framework. Can you explain how Parity Substrate work and functional in Rio Defi? How does this give a better and innovative services for Rio Defi?
How about a more detailed picture of RioDeFi to realize lower transaction costs, faster confirmation, energy efficiency, secure storage, and global reach .. Does RioDeFi believe it will work well ??
DeFi and Dapps are mostly trending presently, What are your opinions with these two ?
Does Rfuel has any contributions to make in the DeFi space?
Defi so hot but i think hardly for almost users to use. How can RioDeFi help in this case for both crypto and non crypto users?
Do you operate RioChain on a permissionless or a federated blockchain and what are the advantages of it?
RFUEL is your native platform token but dApps like MANTRA DAO will also require RFUEL. How does Rio Chain interact with MANTRA DAO and why does it require RFUEL?
RioDeFi has so many renowned partners like MoonPay, Hex Trust, CertiK, BCW Group,SK Chain Advisor and Twelve Venture Capital Funds. Could you give a brief talk how these partners will add value to RioDeFi?
RFUEL has a maximum supply of 1 Billion tokens. What will drive the value of the token apart from staking?
what blockchain you use and tell more about polkadot integration please
Where is the target market of $RIO ? How do Balancer team think with Asia crypto market? Does $RIO team have any plan approach VietNam which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
Crypto projects were closed in many countries due to improper regulation and licenses. How does your project solve these problems?
what are your plans to counter the “dumped trend” we need something new, can you elaborate your plans for both your team and the would be afficionados to make your project successful?
Because they believe that “the road ahead” is joining “traditional finance” and decentralized? the world is not directed to a “purely digital” era? or the coexistence of traditional finance and decentralized is temporary and transitory?
Rio Defi have mission to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance.
Alongside with this mission what’s the most challenge Rio Defi team ever face?
RioDeFi has the RioChain, RioWallet and Rio Block Explorer services. They plan to offer other services in the near future? what plans are more long term? They differ, or have to provide these services to distance themselves from the competitive alternatives?
How to use Rio DeFineden Web Assembly? What are its advantages?
What’s is Rio Chain?
What’s make Rio blockchain model special?
From an investor’s perspective, what advice would you give government officials seeking to figure out how to best regulate blockchain and cryptocurrencies to allow for innovation?
What makes
@riodefiofficial
different from any other defi project with similar goals? What is the main goal to achieve by the end of 2020
When will the iOS & Android wallet apps be available for use?