We are pleased to announce our next AMA on October 1st 2020 at 12:00 PM UTC Time: Satoshi Club x FACT
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join FACT Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 80 seconds. You can post Max 5 questions. FACT Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about FACT
For more details:
FACT – @factfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
FACT Holders can maximize their revenue because of the by zero (0) interest loans. What would be the earnings of the pool participants if most of the loans are taken by holders? Is the amount of tokens holded determinant of how much can be borrowed?
Why does the loan can be be paid with a maximum period of 6 months? Can there be cases or exceptions where the repayment is on a longer period than 6 months? Like the pandemic that happened?
When you pay the one-time processing fee you will be able to to borrow from the liquidity pool. How does the value calculated when is it paid? How is it low enough to be attractive to borrowers, and can also mean good profit to pool participants?
What will happen when the borrower does not pay a monthly installment, will it automatically liquidate and becomes part of the collateral?
One of the uses of FACT is Borrowing. What cryptocurrencies can be used as collateral? how do you manage the price fluctuations and abnormality of the market?
What happens if the full amount of loan is paid before the 6 month ends? And what happens if the loan is not fully paid back after 6 months? What effect does it have on the interest or collateral?
I was among those investors that stake FACT. But while trying to stake, I lost the staking fees due to the network load. Will these fees be refunded or not? And how do you plan to make a refund if there will be none at all?
Community is the investors who owns the projects. By having a strong community, a project is sure to succeed. What are you doing to make your project have a stronger community? Will your community be involved in some decision making of your project? Are there any incentives in place for the community?
FACT eliminates fluctuating interest rates between different ecosystems. How do you implement this algorithm?
Part of what the Fact Team planned to achieve between 14th-20th September 2020 was staking Dapp launch, Probit exchange listing and kucoin exchange listing from this three only the staking Dapp has been launched I am quite aware that some circumstances can lead to this delays but specifically for Fact why is this two Exchange listing being delayed Kucoin was hacked September 26 which was still a later date than your plan
In One of your early articles in a solution tagged as “new revenue stream” it was stated that liquidity providers are not eligible for staking rewards as long as they’re participating in the liquidity pool … Yet another of your article states that By staking FACT, you’ll be automatically recognized as a Liquidity Provider and you will receive a share of the 2% fixed borrowing fee and also a part of the tokens (7 million FACT) allocated for staking rewards can you help clarify what is meant on this two articles as this appears contradictory to me… Who are the liquidity providers and who are the stakers?
Link to early Article: https://medium.com/@fact.finance0/financial-active-collateral-token-redefining-defi-loans-and-staking-2097e369335b
FACT aims to burn a minimum amount of 250,000 tokens per year to save the value of the token. Are there any other procedures for maintaining the token price?
YFact (Farmed Governance Token) and FLP(Fact Lending Pool) will be launched in October can you give us details about this launch and what we should be expecting
…
More users are more concerned with the value of tokens than technology. So how does FACT strike a good balance between technological development and token value enhancement?
” pay it off with 0% rate”, Quite a catchy phrase, but then again, how does Factdefi get to earn if it’ll be zero interest? What or how exactly does this process happen?
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
which types of Industries & userbase your project is mainly focusing on? Do you plan to establish partnerships with local cryptocurrency developers in each country to make the use of the token more global?
Currently on the DEFI market is becoming the trend and focus of investors and from there startups also tend to trend more DEFI. What do you think about this? And how does FACT compete with other DEFI projects, what is the specific difference you can detail?
The Loan is repaid on a monthly basis for 6 months or before this time. Is the interest rate the same if the user pays in a shorter time? How can you ensure that the loan will be payed before rhe deathline, and what are the consequences if not?
FACT allows users to borrow from the liquidity pool by paying a one time processing fee. When is it paid, how is its value calculated? How is it low enough to be attractive to borrowers, and can also mean good profit to pool participants?
What is the maximum FACT amount that a borrower can get from a loan? Also, can a borrower have more than two loans simultaneously or are they only limited to one at a time?
Shitty things does happen, that’s a fact! But how a project deals with it is what matters the most. How does
@factdefi plan on dealing with matters involving sudden market dump?
can you explain how RSA & ECC asymmetric encryption algorithms work and what are the advantages of these algorithms?
What is your current main market globally? How are you planning to expand globally and how do you plan to attract investors around the world?
What is the most unique thing FACT brings to the blockchain community?
Why has FACT eliminated the voting system proposals? How does this contribute to generating a FULLY decentralized project? How does the FACT system work to achieve this? Thank you!
What role does the OpenZeppelin team play in the FACT ecosystem? Why have you chosen them to carry out the audits of the project? How do you guarantee that the project is 100% safe?
Why the Official team keep the Anonymity? Recently so many Projects that do the same just scam exit with the investors funds, so can you give Proofs that you are a true project?
Sometimes be eligible to use a loan is very hard, so can How FACT solves this? What are the guidelines to get access to a loan? Also there exist a borrow limit per user?
FACT has 0% of the interest loans, so How you get your personal revenues to have a continuous developement Evolution?
Fact claim be the “DeFi loans Redefiner” so can you explain what support that words?
One of the Features that interested me is the possibility of eliminate the fluctuating interest rates of differents Networks, so How FACT is able to do that?
How many control i have of my funds? Can i move my staked funds without limit? Fact can be considered a fully non – custodial platform?
– Is it more profitable to be a lender or a liquidity provider? What do I need to be part of each pool? Is there a minimum of token required?
Loans in FACT are 0% commission, but when you read the whitepaper, it says 2% commission. Can you explain this to us? What is the % that a person who takes out a loan must pay?
What currencies can be left as collateral for a loan? Only Dai? Do you plan to implement other stablecoins like USDT?
What is your position regarding DeFi world about user experience? What is your slogan?
How does FACT eliminate fluctuating interest rates? What are your lending options to the market?
$FACT is Yield farming token ?
0% Interst for lend/borrow so how it will attract users?
FACT allows users to borrow its token from the liquidity pool by paying a one time processing fee. When is this fee paid, and how is calculated its value? How is it low enough to be attractive to borrowers, and yet mean good profit to pool participants?
The Loan is repaid on a monthly basis for 6 months or before this time. Is the interest rate the same if the user pays in a shorter time than the 6 months? How can you ensure that the loan will be payed before rhe deathline, what are the consequences if not?
How is calculated the interest rate in FACT algorithm, and being the cryptocurrencies highly volatile assets, how would it be affected if a drastic pump of dump on the price impacts the currency borrowed?
FACT offers maximum revenue to token holders, enabled by zero interest loans. How would the pool participants earn profits if most of the loans are taken by holders? the amount of tokens that a participant is holding determines how much can be borrowed?
Can you provide the FACT FINANCE feature which is the spearhead in attracting the attention of investors or the public?
whether FACT FINANCE will create or enter yield farming.
To attract public attention ?
What’s in Dapp Beta Fact Finance ?
You say that there are two revenue streams for liquidity providers. What are these streams and what is the ROI for each?
What are the distinguishing features and advantages of “The FACT Protocol” compared to other ones?
Are there any timing constraints for Lending/Borrowing? If yes, would you think a flexible system in the future, maybe with some additional conditions, which will provide the ability for parties to change the time limits on Lending/Borrowing?
In FACT ecosystem there is a one-time fixed fee instead of interest rates. Will this fee be sufficient for the sustainability of the system or are there any other items to support it?
Most of the project owners are proud of/brag about their consensus algorithm. Which one does the FACT ecosystem use? Why have you prefered it?
How do you assure Transparency and Trust?
Why did the FACT team change the interest rates at a rate of 2%, fixing them in one go? How does the interest rate mediate the revenue stream for liquidity providers?
What incentives and privileges does the Defi-World lending tool offer for people to use their borrowing assets comfortably?
How does the Fee Active Collateral Token (FACT), mediate efficient crypto asset management and what kind of contributions does it contribute to the credit ecosystem?
If FACT Loans Interest Rate Is 0%, how will you earn profit from your customer? Is there any hidden or additional charges in making a loan with Fact?
As the literal meaning of the abbreviation (FACT) is Fee Active Collateral Token, can you elaborate more about this meaning? How will this be applied in the real situation or use-cases of your platform?
Taking into consideration that Fact is focusing on lending or borrowing. So do you have plan to expand or add your services or offers such as staking, mining, or burning or buyback for $FACT in the future? Or you will just stick of being a lending or borrowing platform?
Why did you abandon the more familiar practice of charging interest on loans? Perhaps the interest rate would bring more income to the platform
Suspiciously little information. On the website there is information that the audit of smart contracts will only be done шт the unknown future (1 month or 1 year?) and at the moment we do not know about the safety of investments. The process of generating income is not entirely clear. If I can get a loan at 0% from what the platform itself earns. What is the reason for the lack of articles on Medium, usually projects cover their activities in order to be closer to us those who invest
What is the difference between FACT and YFACT tokens? Why do you need two tokens and what functions do they have?
You have a very unusual token burning program. This is napalm, I would say. How is it possible to burn 90% of the tokens? Is it about a total supply? Or is it a specially created fund to support liquidity? Then what part of the total supply?
Your ambitious plans include building your own DEX. Will it be as expensive and slow as Uniswap, or will it be a convenient cross-chain platform with bridges between different networks.
You want to create a perfect decentralized lending system. Should I understand that I can take out a loan not only against crypto collateral, but using movable and immovable property. If yes, who how will the return be provided if I do not pay the loan on time. Is there a law that will apply to a person from Russia to take away the property that is in your mortgage?
How do you see Defi potential for fact right now!?
What role do you think fact will takes to makes defi better in global usage!?
Mining and Staking is very popular today as incentives, does fact support any and what are the requirements!?
What is the long term vision of fact bussiness model?
How does fact gonna win chalenge against competitors!?
With a smart contract in the infrastructure you offer by the OpenZeppelin team How were you inspected and how were inspections conducted to ensure a 100% safe system?
How does FACT eliminate intermediaries, additional costs and variable interest rates between different ecosystems to prevent money inflation?
How will a loan + extra 2% stabilization fee apply for liquidity, and at this point, can fluctuating interest rates be applied for assets borrowed directly with FACT?