We are pleased to announce our next AMA on November 10th 2020 at 02:00 PM UTC Time: Satoshi Club x YFOX Finance
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join YFOX Finance Telegram group
We will have the following structure:
Part 1: 150$ /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: 150$/10 users – Open chat for 100 seconds. You can post Max 5 questions. YFOX Finance Team will select 10 questions and answer them.
Part 3: 700$ – A quiz about YFOX Finance
For more details:
YFOX Finance – @YFOX_Finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I’ve read the litepaper and among the listed YFOX qualities I found 1. the provision of liquidity via (the DeX platform as soon as it goes live) 2. the ease of use provided by a simple, user-friendly interface and 3. the elimination of the middle-man.
If I had to play the devil’s advocate, I would definitely say that these are features that already most DeFi platforms offer. Why should I really chooose YFox over other already renowned and well-established crypto platforms?
The marketing strategy, as stated in the litepaper, also includes a referral programs, which prizes users who refer and introduce other new users to YFox. Can you please shed some light about it and tell what this referral program consists of?
YFox will also feature a mobile application for ioS and Android, which will mirror YFox platform’s functionalities. When can we expect the app to launch?
FOX DUAL STAKING has 2 types of bets. As far as I know, currently most investors are only interested in the immediate benefits and do not pay any attention to the potentials of a token or coin. Which of these two bets will be more profitable or which will have the higher potential?
YFOX platform’s Fox Dual Staking offers 2 types of staking: the regular and the fixed deposit staking. Please explain the difference and advantage using the two staking program options?
YFOX Dual Staking Dapp supports 6 wallets: MetaMask Wallet, CoinBase Wallet, Wallet Connect, Fortmatic Wallet, Portis Wallet,Torus Wallet. May I ask why Trust Wallet is not included on this list knowing there are also significant numbers of Trust wallet users and it’s easy to use?
Question for AMA :- will yfox will start AMM services AND WHAT IS THE FUTURE PLAN OF YFOX EXCLUDE FROM ROADMAP.
Getting through the features of YFOX it looks like it’s almost the same features and services that other platforms already offers to their users. If I am mistaken, can you please point out what is unique in YFOX Finance?
What are your plans in been listed in the top 10 exchanges or even having an an official exchange too
About YFOX_Finance developing Yield Farming,a lot of tokens are offering rediculously high APY on liquidity staking. How does the Uniswap Exchange Technology compare,and why would a investor choose it over other yield farming opportunities
What competitive advantages does your #YFOX platform have that make you feel the most confident?
Can you list the 1 or 2 deadly features of your current project that make you stand out from the crowd?
What Are the High-Level Team Structures? How Do Teams Collaborate?
After going through the website of yfox, what benefits do I stand to gain as a fox coin holder when I use my privilege in governance vote?
What is yfox doing to address the 10dollars staking and staking fee , are you willing to reduce it to encourage more stakers?
Where marketing stops, sales stops. What measures are being put in place to increase the marketing efficiency of YFOX in other to attract more investors ?
FOX Finance introduces Dual Staking the first kind of innovation in Defi Space, this is something new which the Defi space hasn’t seen before. How to take part in this kind of Staking and how it will ensure to minimize the risk factor of staking?
Can you tell us more about FOX Fixed Deposit Staking, is there a fixed lock-in period? How many days it will take and is there also additional fee charges during lock-in period? Can you show us sample computation of how to get the profit rate?
Y FOX Dual Staking Dapp support 6 top-notch wallets that are present in the market including :
MetaMask Wallet
CoinBase Wallet
Wallet Connect
Fortmatic Wallet
Portis Wallet
Torus Wallet
Can you also include Trust Wallet in the future as this is more usable and also popular to us, crypto holders? What problems did you see in Trust Wallet, why it is not available?
it’s not very clear for me how will dual staking work? Does it mean that with an amount, users will be able to get twice the benefits? Or just that the platform will have this 2 types of staking available?
Can you tell a feature or features that you like best about YFOX, so that it can compete with other competitors?
What’s your greatest challenge since the beginning of the project and how do you handle it?
A lot of Defi projects have come and gone within a short period of time, do you think Yfox can survive for two years, if you think so, where do you see Yfox in the next two years?
The 30% token (6900 YFOX Token) is dedicated for staking purposes, which on average covers the initial years of operation. If 6900 is used up for staking, will staking stop?
What coins can be farmed at Y FOX? Is the APY percentage different for each coin?
How Y FOX can simplify the transaction processlend and borrow assets. What assets can be borrowed from Y FOX, are they only Y FOX tokens?
If I lend my assets to YFOX, what will I do with them? Can I take the asset if it is suddenly needed or if there is a period of time to restore it? Please explain about this
What is FOX Swipe? What is the function of FOX Swipe in the YFOX Finance ecosystem itself?
What if I use Fixed Deposit Staking but the reward supply for staking runs out and I haven’t taken the staking reward, will I still be the staking reward?
Why did you decide to have two types of staking? What is the main difference between the regular staking and the fixed deposit staking? Which of these is more benefit for users on your platform? Could you give us examples of both?
YFox token is listed in some exchanges like Uniswap, HotBit, Bilaxy and Mooniswap, are you currently working in a new listing? I know everybody here would like to know about futures exchanges to buy and trade your token. It’s very important for users when a project is always moving and working for new things, what are you currently working in?
YFOX token was audited by Blockchain Consilium, could you share whit us more details about this? And, what did it represent for your platform?
Dear Sir,I have seen Yfi,Core how they get sucess from Market . Can Yfox stacking and upcoming farming overtake both coins and can we are the yfox family reach in Moon.your Team really doing well nodoubt but my question is How you plan for Best marketing stategy for this project ?Because Marketing also very crutial part of every project.
Thanks sir
DearSir,After dualstack achivement yeildfarming governance vote, lend ,borrow,swap soany targets you have set .My simple question is are you think about future plan how people easily buy and sell yfox in just one click from Mobile ?just like paypal.
Q What will happen after Governance vote lunch ?Any benifits for holders ?
You are building FOX Swap which is a decentralized exchange where users can easily swap token pairs at a reduced fee..Will FOX SWAP only support ERC-20 Tokens and the Ethereum Blockchain.. or do you have plans of integrating other Defi assets from other blockchains into FOX SWAP.. which will fit well with your goal of being the Go-to Defi Platform
For your Lending and Borrowing platform what assets will you be accepting as Collateral and what are the minimum interest rates you will be offering.. will you also be considering Uncollaterized or undercollaterized loans?
You say that additional YFOX Tokens cannot be minted as the minting function of your smart contract has been disabled..and you are offering as high as 200% APY and 250% APY for your Regular staking and Fixed Deposit Staking respectively at this rate don’t you think your allocation of 6900 YFOX tokens for Staking will be exhausted quite early especially when there is an influx of users how do you intend to Fund your Staking programme if this fund gets exhausted..
What is the DUAL STAKING protocol proposed by YFOX? What makes it a DUAL method? Can I claim the rewards obtained at any time, even before the blocking period is completed?
YFOX’s Dual Staking function works in a similar way to the fixed deposit (FD) that is available in the traditional banking system with an annual interest rate for time deposits. But then, since YFOX is a decentralized entity, what different nuances does it give to your fixed deposit in the staking?
Many decentralized applications lack wallet support and users face problems accessing Dapps and have to switch between different wallets. What are the features of the Y FOX Dual Staking Dapp model and its 6 wallets? What is the function of each and how do they differ from each other?
What are the advantages of swapping on FOX SWAP compared to buying $YFOX tokens on Uniswap?
Which one do you think is more profitable for staking or yield farming if done at YFOX Finance?
How profitable is staking at YFOX? What are the advantages and disadvantages of Regular Staking and Fixed Deposit Staking?
What is the story behind the fox temathics of YFOX finance?
If Y FOX users will collectively act as governors of the protocol… Does Y FOX believes in democracy as a standing for DeFi services?
For Q4 2020 you have listed strategic partnerships. What kind of partners does Y FOX seek and with what purpose?
You provide “Dual Staking” which seems different than known ones. What about your other services such as Farming, Lending, Borrowing, etc.? Do they have different/unique features that will make YFox more advantageous than the competitors, or do those services work in classical ways?
Y FOX Members can participate in network governance. How do you assure a fair ecosystem? How is the voting power distributed?
You have shared the earning model for your staking service. The numbers go “arithmetic” depending on the time to stake. For example, Daily ratio is 0.55%, Weekly ratio is 3.88% and Monthly ratio is 16.66%. Which means Monthly is exactly 30 times and Weekly is exactly 7 times of Daily ratio (same proportions for hourly and yearly also). Shouldnt it go geometrically so that longer time of staking is more attractive than shorter? Why would investors stake yearly instead of monthly if the ROI will be same?
In your website, it stated that your partners are coming soon. So, can you share a little information here in Satoshi Club about your incoming partnership? What is this collaboration all about? Thank you
Can you describe the Dual Staking feature in YFox Finance? What is the unique offer of this staking that cannot be found with other common staking? How rewarding is this feature to the users? Thank you
I have .1 $YFOX in my Trustwallet and I tried to stake it in regular staking but I cannot proceed my staking and I see some fees in staking and unstaking. Why is there a 1% fee for staking and .5% for unstaking? What is the proceeds of those fees? Can you tell us the minimum amount to stake?
YFOX Finance released dual staking, the first kind of innovation in Defi Space. That is an amazing start for YFOX finance. Can you introduce more about YFOX future plans? What are the new features coming in the next months?
Y FOX Fox FINANCE is offering Fixed Deposit like a Bank. Y FOX Offers FIXED DEPOSIT at Interest Rate of upto 250% per annum . Interest Reward can be claimed Hourly. That makes Y FOX much unique from others. Can you introduce more about the fixed deposit features?
Y FOX Fox members will be able to earn a return of upto 0.023%(approx.) Hourly to maximum 200% Yearly (approx.) Can you please talk more about the staking and interest features available in Y FOX community?
Your “Partners section” is empty and I see that it is one of the pending items for this Q4 2020. Do you mean you have managed to get there so far without any kind of financing from any partner?
You have just launched your first Fox Dual Staking product, which according to me will have two types of staking. I tried to understand it, but I am not completely clear. Can you clarify in a simple way the differences between REGULAR STAKING and FIXED DEPOSIT STAKING? Which one gives more benefits or more recommended?
Can you explain to us what it means that the minting function of Smart Contract is disabled and how this benefits the performance of Fox Dual Staking?
I am surprised by the fact that Y FOX Finance was barely launched in the middle of this year and already has a daily trading volume of 115,040 US$ according to Coingecko. Many projects are celebrating their anniversary and are not even close to the results you have achieved.
Can you tell us how you have achieved this? A lot of investment in marketing perhaps?
The price of $YFOX has remained constant since October 16th between $30 and $80, very different from the projects that start well but present the first recession of the market and disappear.
How have you managed to continue encouraging investment in $YFOX to maintain the price?
According to you, their mission is “To create a performance aggregator for decentralized financial services”. I have read this in many projects, so the question arises: What will make Y FOX Finance different?
I studied your project and came across a lot of unique facts. I want to know from #Yfox Finance What are the unique features or unique customer features of your project among you and other contemporary projects?
In the same way that YFOX Finance is revolutionizing with DUAL STAKING, in the near future will it be able to further revolutionize decentralized protocols with a Third stake system or with new loan systems that benefit users more?
Really why should you choose to be part of the YFOX Finance community and vote for decisions before other projects that can generate more rewards and provide greater reliability? or is YFOX really the best OPTION?
I was really looking for more detailed information about the next FOX SWAP and I did not find it, could you detail a little more about the tokens that will be listed in them and the existing market pairs, are the transactions truly reliable and transparent?
It really seeks to develop a new financial systems totally isolated from traditional banking institutions, right? If so, why implement the “Fixed Deposit Staking” which is really a traditional annual interest banking system? Wouldn’t it be a regression to centralization?
I was detailing the allocations of $ YFOX tokens and observed that 2% (460 Tokens) will be reserved for “community rewards and emergencies”, but really what would be those “EMERGENCIES” that may arise that require a reservation of tokens?
Really the representative Logo of the METAMASK wallet is a FOX like that of YFOX Finance, will they have any direct relationship or association with that wallet? and why use this peculiar animal?
I saw your website and an excellent video presentation on YouTube. Everything is beautiful, understandable and pleasing to the eye. But lending and borrowing are serious things and I want to clarify a few points. How creditworthy is your platform? How are things with legal support and security? Do you insure credit risks? What currencies will the collateral be accepted in? What factors or people can influence your policy? I understand that in the DeFi world, all responsibility lies with the users, but as a platform that provides some services, you can protect us from fraud and unnecessary risks?
WHAT are the new Aim of you’re project?…… and how to develop you’re project around the world…..
There are so many DeFi projects launching nowadays. How will you attract users with so much competition?
What are the great achievements that YFOX has achieved so far? What difficulties and risks did you encounter during project implementation and what helped motivate you to overcome these difficulties?
How do you plan to onboard the initial liquidity needed for your pools and what benefits if user want to be a liquidator or provide liquidity?
Can you list some (1-3) killer features of YFOX that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
What are the key features of Y FOX?
What can YFOX do for massive adoption? Do you have any upcoming partnership? & What advantage of this partnership to the project?
Can you pls compare the difference between FOX SWAP and UNISWAP
I have studied your project, I see that you know how to make beautiful ads, the graphics are simply amazing. But at the same time, I see that of the key features of the platform you mentioned, only staking is implemented. Do you understand that in Satoshi Club you can’t surprise anyone with staking? the platform doesn’t seem to exist … Guys, tell us when will we see your platform? When will we see its unique functionality? Give us something that will make us want to invest in YFOX
If you are reading this question, then you have chosen it for the first part of the AMA. The amount of remuneration for this question will be enough for me to buy about 0.5 YFOX. Tell me, is there any point in buying 0.5 YFOX? Will I be able to get some income from this amount on your platform in the future ? Will 0.5 YFOX be enough for staking, or farming, or at least voting?
I got acquainted with your project and your ideas are really revolutionary. $ YFOX is an ETH token. All of us have already faced unstable fees on the ethernet network. How do you plan to tackle this problem? Do you have a mainnet in your plans?
What are the requirements for Becoming a Validator? What benefits does it bring to participants and is it a way to contribute to the Yfox ecosystem?
As you know Covid-19 has a large impact in the crypto Market, So How can your company maintain its project and also the team that are working hard during this pandemic?
Who are your real competitors then? How can you capture the most value from this nascent market for data governance, CeFi-DeFi integration, among others? How will that benefit your tokenholders?
What are the ways that Yfox generates profits/revenue to maintain your project and what is its revenue model and How can it make benefit win-win to both investor and your project?
Can you tell us some of the latest achievements made by the Yfox & can you describe in detail the current development efforts, such as market expansion plans, expected partnerships & new upcoming program of events?
What is your long-term vision of the industry where the Yfox works? Are you afraid that one day there will be another project with more innovative technology that can replace Yfox ?
You have very good ideas and a modern perspective on Decentralized Finance. But why did you choose the Ethereum blockchain for your token? Listing on CEX confirms that you have a different vision of DeFi development. Perhaps you have plans in the future to transfer the token to more convenient and less expensive for blockchain users, or launching your own network?
You have 2 types of bets: Regular Staking and Fixed Deposit Staking. Both rates have a period of 360 days. Is it possible to switch from one bet to another during this period? Have you considered this option for holders of the $ YFOX token?
Bet blocking is valid for 48 hours. But are you saying that I can claim my reward before the lock is released? Will the remuneration be recalculated in this case or will it be transferred in full? And is there a possibility of early closing of the rate?
Could you please tell me about how to do Dual Stalking on Yfox platform, step by step?
Just want to make sure, YFox give 0.55% reward per day. So if i want to stake 1 yfox, I will get 0.01 YFox / 2 days as reward? Is there any other reward that i will get?
Regarding stacking YFox program, Do all wallet compatible with your stack platform? If not, what wallet did you recommended to use if we want to stacking? How about Trust Wallet?
Yfox has quite an impressive run, going up to almost $200 at the beginning of oct, what’s the reason behind this and what should be the stable price going forward ? what will be next most important milestone movigng forward ?
1st of all thank you for the 0.1 airdrop token given in oct. With so many defi platform being launched like mushroom after the rain, what sets you apart from other defi platform ? what are your unique selling point that others do not have ?
It’s very nice that your smart contract is easily found and that it’s audited, but Blockchain Consilium has been into a lot of fire lately. Do you consider performing an audit from more companies?
It’s a goal of many projects to build a bridge between DeFi and traditional finances. Tell us, how Y FOX Finance DualStaking will build this bridge? As i read about it it’s just new type of staking and you won’t interact with traditional finances institutions. So, where is the bridge?
You didn’t have Pre-Sale and distributed $YFOX tokens directly from Uniswap, so, my question is why? You don’t need money? Is your project self-funded?
I checked your github page and it currently have no updates since the end of September. Also i didn’t find any info about your smart contracts audit. What can you tell us about security and current development of your platform? On which stage ate you now?
You didn’t collect funds on pre-sale, also I didn’t find any info about big investors in your project, but you are listed on Hotbit and Bilaxy, as i know it’s not cheap. How did you do this without funding?
Foxes are cunning animals, I would not trust this red predator. Why did you choose them as a symbol for your platform?
If there is an in-depth two-way discussion about DeFi and the current development of the Blockchain world, including describing the details of the YFOX Finance project and goals, is the YFOX Finance team willing and ready to follow?
There is a tendency about new DeFi projects that are currently like mushrooms in the rainy season, that they are not clear, just take the opportunity without thinking about sustainability or project quality basically. How will YFOX Finance behave and position on this issue?
What is the definition of YFOX? how foxSwap use as reduce fee? How many types of staking in your project? And please tell me the total number of tokens you have reserved.In the last please tell us your future moto.
In your litepaper, the yearly staking reward is promised to be 200%. Can you tell us how did you come with this number, and don’t you think that so high a % is detrimental to the inflation and the health of the token in general?
What does “Dual Staking” actually mean in your ecosystem?
Do you plan to create a mobile version of your web?
what partners you have currently and future partnerships?
Please explain the metamathematics. Total supply 23,000 if users put 5000 YFOX tokens in the stack for 1 year, they will get 10,000, here we add 6900 YFOX tokens Fully Locked With Smart Contract for 12 Months. =13800 and it turns out that the total number of tokens will exceed 37,000. This is not counting other tokens Team and Advisory, Foundation & Ecosystem, etc. ie more than 20 000 excess of Total supply. Will you have a burn or how do I understand the 23,000 token limit?
Double stacking because you can get double income at the same time, or is it a Fox trick and a play on words to attract attention, does this mean that stacking is either regular or fixed?
What is the value of the token? Where is the assurance that I will be able to sell these tokens when everyone gets 200-250 percent and starts selling them too? or is it a Ponzi scheme calculated that new users will buy creating traffic? My question is, how are You going to maintain interest in your token, in addition to a large percentage for stacking? Maybe it will be High-profile partnerships, new features, etc?