We are pleased to announce our next AMA on November 4th 2020 at 10:00 AM UTC Time: Satoshi Club x YFC
⚠️Click to see the hour
⚠️Total Reward pool: $600
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join YFC 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. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100/10 users – Open chat for 100 seconds. You can post Max 3 questions. YFC Team will select 10 questions and answer them.
Part 3: 400 – A quiz about YFC
For more details:
YFC – @yearnfc
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Why was there a massive burn of about 98% of your tokens reducing your total supply from 20,000 to just 1300.. why did you decide on having such a very small token supply
On your website, there no detailed overview of the project, no Whitepaper, tokenomics or link to a Medium blog. I must say this feels sketchy, when do you plan to release all these things?
Yearn Finance center is A Fork of Yearn Finance.. what were the specific improvements you made in YFC over Yearn finance in other words how is YFC different from yearn Finance. For now the only difference I know is the “center” added to your name
There have been different forks of Yearn.Finance probably numbering into the hundreds. What is Yearn Finance Center doing differently that the previous forks haven’t already done?
One of your tweet says that YFC will be listed on uniswap hotbit and Kucoin, when will this listings take place (What is the roadmap for this) will it be immediately after your presale and are this the only exchanges you will be considering
Like every other token, YFC has staking and yield farming.
From where staking and yield farming YFC token rewards come from?
Does it have reserved tokens for it or staking rewards are generating by burn per transaction?
Why do Farmers have to buy Yearn Finance tokens? So, why do we buy Yearn Finance Center (YFC) tokens. if you have to buy central tokens (Yearn Finance).
What is the reason for Yearn Finance to create a new token branch, namely Yearn Finance Center (YFC)? Why not focus on developing Yearn Finance? Is making this new project related to the Yearn Finance ecosystem.
Apart from stake, borrow and vote. Are there other interesting things that Yearn Finance Center (YFC) offers for investors?
What will you say are the principal factors you have to develop with emphasis for a successful presale of $YFC?
How important is security for YFC and how do you plan to support your users once pre-sale is done?
Why investors have to lead their attention to $YFC and what advantages are for doing it now?
You included VOTE as part of your ecosystem features. What exactly can I vote for, if I’m eligible
Strategically looking at the face of your team members, i discovered something different about you the CEO, JOHN LEWIS.You are carrying a gun. Do have any reason using such a picture for public appearance or are you giving us a hint of planning to shoot $YFC to the moon?
How is the YFC fork? Excuse my ignorance but this had not been processed by my brain before.
You tell me that I must have a token from the Yearn Finance center to obtain higher returns from the defi protocols, what are those returns that you offer me?
In which exchange sites can I get YFC to participate in the voting?
Tell me about the benefits I can get with YFC especially because there are now many decentralized projects on the market
I don’t see much material on the YFC platform that concerns cybersecurity, can I trust you with my money?
– Year Finance Center will support Compound, dYdX, Aave and DDEX protocols. My question is, will they all be available at the moment of launch or will they be implemented progressively?
– According to the roadmap, YFC will be listed in Hotbit, Indodax and KuCoin. Have you already had conversations with these exchanges for the listing? Or is it just a projection to the exchanges you would like to be listed on?
– YFC offers a commission-free service, my question is, does it refer exclusively to trading commissions or is a 0 gas fee technology also included? Do you have a layer 2 solution to reduce the cost of gas?
We’ve seen so many new projects adding hype words like .finance or yearn and then claim to be the next gem as well as the next center of crypto/DeFi space and honestly it’s getting harder and harder to find out what’s best and to differentiate as well, given the fact the even the project names tend become too similar as well. What will you be doing differently? In what are you originally different and how are you bringing value to what many tend to consider an already saturated DeFi space?
Can you tell us the motivations and benefits of investors holding $YFC tokens for a long time? Do you plan to carry out this project in the next 1-2 years, and are there any activities to attract users?
Liquidity mining, Yield farming has been a very popular concept and a strategy for DeFi projects to boostrapping nowadays, does $YFC has similar planning to incentivize protocol adoption?
Revenue and Adoption are the top priority of all projects, can you tell us how does $YFC generate revenue from its technology/platform, and how are you planning on getting your platform adopted?
YFC is supposed to remove the need for browser extensions for yearn farming. How will you manage to accomplish that?
Many yearn.finance wannabe projects already boast as some of their advantages the fact that their users can participate in yield farming with zero gas fees, as well as being able to guarantee the ability to search, compare and choose among the best yield pools available all-over the crypto space. Which key aspects/features does YFC leverage on to overcome the first mover advantage gained by many other projects that preceded YFC?
The roadmap written in your website is until November 2020 only. So what would be the next thing to do after November 2020 and so on? What is in the box of preparation are you dealing with since end of the year is coming?
According to your website, in your roadmap the whitepaper will be released on October 2020 but I cannot find any whitepaper there. So what is the reason of delaying it? Can you give us a hint and a little idea about some important details of your whitepaper? Thank you
Deposit of YFC tokens allows you to stake, borrow and vote. Can you give us more details about this feature in Yearn Finance Center Network? How does it works and what is the structure of staking , borrowing and voting? Thank you
What is the distinctive difference between the YFC token and the yToken? And I will appreciate if you can briefly explain their use cases.
On your website yf.center I was seeing that they mention the YFC token security audit, and about the launch of the agriculture stake platform tell us about it
As we know, Yearn Finance Center is holding a presale for the final round. Can you explain how many slots are available at the presale? What is the minimum transaction to participate in the YFC token sale?
Last month, I joined presale of a new token at $1. When it becomes listed the price continue to dump until $0.01. I can’t sold my tokens because its locked. So how can investors trust your project? How can we make sure we can profit from it?
To earn a great return from DeFi Protocols, you must own YFC tokens. How is the harvesting program and schedule? How is the APY are calculated? Did you distribute daily rewards for farming?
With the great influence of YFI, there are so many ‘YF’ Token arise, and now YFC. And it is confusing to see. “Are you just utilize the superiority of ‘YF’ name for YFC?” If not, what makes YFC valuable?
With all the yield farming hype, a lot of tokens are offering ridiculously high APY on liquidity staking. How does the $YFC calculated compare to others and why would a investor choose it over other yield farming opportunities?
Helo sir ❤️…..
What is your background and how did you come to the idea to create your platform? Could you share some word’s on it?
and say 1 good feature and 1 bad further?
In the roadmap, you wrote briefly “Binance chain”. But there are no details. What does this mean? Are you planning to transfer the project to the Binance blockchain? Or does this phrase have a different meaning?
You have a plan of having YFC Protocol audited for security. How many audition are you planning, and which company(s) will you be working with?
What kind of staking options are you planning to have? What will the parameters in terms of amounts to stake, time periods and rewards?
What is the mission of yToken? How can it be redeemed? Does it have swapping or trading options?
5000 tokens were allocated for the first round of presale. Now you have already the third round of presale and you are burning unsold tokens by reducing Max Supply to 1300 tokens. You do not need to have higher education to understand that the first two rounds of presale were unsuccessful, to put it mildly. Guys, that went wrong.?
After a radical decrease in the total supply, you probably made changes to the tokenomics of the project? What other global changes have you had from the moment of launch to the present day? And what has been done in general during this month besides pre-sales?
Yearn Finance Center is the result of a Yearn Finance soft fork or hard fork? When and why did this happen?
Can I make transactions without commission? Wonderful! But how do you get this opportunity?
What is the minimum amount of YFC token I have to purchase in order to vote? Please tell us more about this feature.
Since YF.center is a DeFi project, we will need to connect our wallets. Which wallets are compatible with your system? What security measures have you taken to provide a secure connection?
One item on your roadmap is Binance Chain. What will it exactly be, will you modify your system to be compatible with BEP standarts or will it be a kind of partnership, maybe a launchpad work on Binance?
Sorry for the indiscreet question: Why do you call yourself a fork of Yearn Finance? Were you involved in this project? What do you have in common in the technical and economic part? And where did you see the flaws? What have you improved?
YF.center is a fork of Yearn Finance. Are you the owner of Yearn Finance also, if not, why did you choose such a close name?
What functions besides speculative will YFC token have? What have you prepared for investors to keep them on the platform?
They have an active pre-sale, what benefits do we have by participating in this pre-sale?
many projects promise about long term benefits but in fact they are not. Can you please explain whether YFC is able to provide long term benefits?
What are the present and future goals of YFC?
Why choose the name “Yearn Finance Center”, knowing that there are already many projects with the same name?
could you explain a little about YFC and what Is make it different From another project?
When can we see your WhitePaper? On your roadmap it says that it would be out in October but on your website I don’t see anything.
Q. At first many new projects made a good impression but were suddenly abandoned. My question is, how will you manage the project and token to gain a place in the market and become a best token in the blockchain world?
How does Uniswap aim to turn these weaknesses to its own strength? And what will Uniswap contribute to the DeFi ecosystem in order to make it a truly decentralized financial system we all crave for?
As a trader like me, the security of my funds is my first priority before choosing any exchange for trading. How much secure Uniswap Exchange is? What programmable technology & security developed by your team to build the platform very secure?
What is the ultimate purpose of Yearn Finance and how can I earn money by investing in your project?
Where can I buy YFC tokens? Are there any presales at this time that I can take advantage of?
On what known exchanges platforms can I find the YFH token listed?
What are the functions of the yToken? Do they have any monetary value?
Tell us a little about the role of the community within the Yearn Finance Center. How much will they listen to you for future decisions?
What benefits and advantages will I have within Yearn Finance Center if I am a YNC holder?
Now several projects have appeared with the name Yearn Finance, the difference is only in one word your variant it is Center, the other have theyearn finance, but the logo and 2 words (Yearn Finance) are very much reminiscent of the Andre Cronje project. Is this done specifically to take advantage of the popularity of another project, or is it just a coincidence?
Will you be burning more YFC tokens?
Are you hyped for November 5?
Is a Coinbase listing on the future roadmap?
YFC is original fork of YFI. But do you have the expertise of Andre Cronje?
At Yearn Finance Center, how do you allow to trade Gold and cryptocurrencies with the best price?
The release of V2 Listing on Binance on March 2021. What is the possibility and probability of this milestone in your Roadmap?
Why JFC didn’t make token with small supply from beginning? Is this one of your strategy marketing to burn a lot of your token and increasing price?
So there are lot of YearnFinance project like YFII, YFI. Could you please tell me what makes YFC different from other YearnFinance?
how many exchanger listed or will lunch YFC token?
After checking your roadmap that start on September 2020 and Twitter that have only few tweets, looks like YFC is totally a new project. How did you convince us that YFC is legit and safe for investation?
YFC is a new project from Yearn Finance, did your team also come from other Yearn Finance project (like YFII)?
Deposit YFC will allow us to stake, Borrow and vote. What will we get by stacking YFC and also what do you mean with ‘borrow’? Can we borrow YFC token and pay it back later?
Why many defi projects likes to fork successful projects rather than creating their own ideas. I see that Yearn Finance strategy is working well so far albeit the price dropped from $43k+ last September ( Coinmarketcap data ). What is the reason Yearn Finance Center was built other than making more profit?
YFC if sold out after the tokensale will collect $200,000 usd for Yearn Finance Center development. Can you tell us how will you allocate this funds. Will the collected money enough to start your platform’s services?
why do you have such little token minted, 1300 ? Is there a reason why you choose this number 1300 instead of 1000 ? Is there a timelock for the liqiudity pool ? How much token is available for pre-sale ?
from your timeline, in Mar-21 you have plans to be listed on binance using v2 of YFC. How do you plan archive that ? What will be improve with the v2 token ? Your logo is very similar yearn.finance token but just with different color, do you plan to rebrand that later ?
It’s amazing that even with a lack of important information release about Yearn Finance Center you still sold 843 YFC so far. Can we say that the popularity of Yearn Finance and because YFC is a fork out of it helps the sales turnout?
I can see in your roadmap that in December of 2020, you will integrate YFC to Binance Chain, why did you choose the BSC to build your project with?
The supply of YFC is around 1400 and had provided enough liquidity,will this project take us into a another Yearn finance history?
If YFC is a fork of Yearn Finance, its main features is pretty much alike to what YFI has, but did you put some additional features that will make your project unique and efficient than YFI?
I can see that your project and is just starting up, as starting player into the DeFi space, what are your expectations to the cryptoworld for your project?
How does yearnFinance use the balancing system to generate the highest return on contract engagement and collect returns for DeFi lending platforms?
How will users identify the protocol with the highest return by transferring their money to the platform and determine their appropriate return strategy? How does yToken stock proof come into play in this matter?
Can users withdraw yTokens at any time to withdraw their deposits with interest? Will there be a limitation on receiving interest?
There are 5,000 YFC available for the FINAL ROUND of sale on Nov 2nd 2020 – Nov 5st 2020, as it’s stated on your site. But the total supply is only 1300 YFC according to etherscan data(
Contract:0xE8ed08a581777f112654e28DE507e11613DA0379). How could you explain this discrepancy?