We are pleased to announce our next AMA on November 10th 2020 at 04:00 PM UTC Time: Satoshi Club x YearnClassic Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join YearnClassic Finance Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. YearnClassic Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about YearnClassic Finance
For more details:
YearnClassic Finance – @yearnclassicfinanc
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Assalamualaikum
Good Project
1/ What is your Future Plan?
2/ can you listed your Project In Binance exchange?
3/ Can You any plan For Your project Go to the moon?
It’s interesting that you actually added the names of the potential exchanges namely Binance, Kucoin, Balancer, Uniswap, FTX. How can you be sure that you can list your YFIC token in those exchanges or this is just for marketing.
1 : are there any repurchase plans to burn or block tokens to increase the value?
2 : How tight is your platform security and what goes into the audit process for these projects to protect investors especially
3 : Building Community Trust
Many defi projects have been successful and have grown quite well. What the project will do to attract investment and development. Will the next long-term development plan be rusty?
YearnClassic Finance is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum blockchain, Binance smart chain etc.
If we use Binance smart chain can we use lending, staking and other functions that YearnClassic Finance supports?
Also,can you share to us how to connect Binance smart chain to Meta Mask?
One of your major concern during the inception of the project is to increase the number of long-term holders. What mechanisms are in place to achieve this?
How many team developers you have?
Do you plan to do token vesting trough some popular platforms like Team Finance or other platforms?
What is reason YFIC Hard cap is 5260 ETH and Soft cap is 1500 ETH,for what will be used this high raised money? Why you choosed to have 3 rounds of presale? What is minimum and maximum amount of YFIC we can buy in presale?
There is no mention of the team behind YearnClassic Finance on your website. Why have you chosen to be anonymous? Wouldn’t revealing the team help to get more trust in the project?
On the Yearnclassic staking portal, I also see options for Zap, Vaults and Insure with a description of “coming soon.” What are these products and how would they benefit YFIC holders?
Among some of the Defi protocols that YearnClassicFinance is going to support there will be renowned names such as Compound, Unisawp, Synthetix, Fulcrum, dYdX, Aave, Nuo, Balancer, Curve, and many others. Regarding the launch of these protocols support, how far into the future will we have to wait? Also can we expect most of these protocols to be ready altogether or will this process be more gradual/sequential?
Your tokenomics information state that once presale will be over 60% of the raised funds will be locked in Uniswap liquidity. Similarly, 10% of the collected funds will be used to buy back and then burn YFIC tokens after presale has ended. This action is supposedly meant to prevent people from dumping. Aren’t you worried that this will deter people from investing due to opportunity costs? What kind of incentives are you providing to persuade investors that locking is not only necessary for price stability but will also profitable for them?
YearnClassicFinance is a fork of yearn.finance and some of the improvements you publicly describe are the , user-friendly experience & simplicity, privacy and global adoption. How are you going to achieve these 3 features? That is, how are you going to ensure simplicity, implement effective user privacy and finally – given the huge competition in the space – also achieve massive adoption?
I just read in your telegram group that you are conducting YFIC Staking, how long it has been running, can I still join? Do you have instructions or tutorials on how to stake YearnClassic YFIC token?
With many airdrop bots I have participated, non of them is legit and I didn’t even receive any one of them. And I just thought that they maybe doing this to accumulate members and followers whatever their reason is. I’m just curious, does YearnClassic Airdrop Telegram bot: @YFICAirdrop_bot is a legit airdrop event? How will you select winners in your airdrop bot?
I read in your medium site that presale campaign is still ongoing as well with YearnClassic (YFIC) holders can start staking their tokens to earn more YFIC tokens,what are the best Staking Features you can brag to us which could attract Investors’ attention.
What are the protocols and products that YearnClassic offers me that help me obtain an optimal return on my assets? How optimal is this return in percentage terms? Does the native token $YFIC favor this growth?
YearnClassic talks about global adoption. But, how do you plan to realize this goal? There is still a long list of countries that cannot participate or buy $YFIC tokens, will this change in the future? Will YearnClassic guarantee security and access to all?
On your roadmap for the duration of Q4 2020 -Q1 2020 you planned for “Zap Product Launch” Can you explain what this Zap product is and How it works
Sometime next year you will be launching a Yearn Insurance Product what will this insurance be covering for and how will the treasury for this insurance product be Funded.. you also planned to partner with some insurance companies in regards to this are you already in communication with any company yet, insurance companies from what regions are you looking at
According to your roadmap you still have about a year to launch YearnClassic Full Suite Mobile App and also introduce Cross Chain Implementation to your ecosystem what will be the features of this full suite mobile app and for the cross chain implementation what chains will you be starting with
What is the next big step for Yearn Classic Finance? more partnerships? strategic marketing?
Every project needs a feedback to grow and get better in time. What do you expect of your community and what kind of investors do you seek?
How can Yearn Classic Finance provide to investors strategies to long-term holding of cryptos? Have you established an advisor protocol or model dedicated to it?
Your roadmap shows a Token Burn in Q3-Q4 2020. Isn’t it too early for a burning? Will you burn tokens often? How is your burning strategy and procedure in general?
YFIC announced that they have a listing partnership with Hotbit exchange. That is a good news about YFIC. YFIC will launch on 30 november. Can you talk about the future of Yearnclassic.Finance?
According to your roadmap between Q3 and Q4 of this year you had stipulated the audit of your intelligent contracts. Have you already done it? If so, with which company were they performed and what were the results? Can we now invest in Yearn Classic?
Yearnclassic finance is focusing on simplicity, user experience, privacy and global adoption. Can you talk more about the privacy features available in the YFIC community?
Let’s talk a little bit about the Yearns Classic Mobile Application. What features will it have? How different will it be from the ones we already know, like Binance, Kucoin or Hotbit?
YFIC announced that first CEX exchange partnership with
@p2pb2b. Can you introduce mire about this partnership? How this partnership makes an impact in the future?
There comes several yearn finance projects in these days. Why should an investor select you? What advantages do you provide that your competitors do not?
Why should we choose YEARNCLASSIC and not other projects to do Staking? What benefits can YEARNCLASSIC offer us in staking that other projects cannot offer us?
YearnClassic is planning to connect us to the best DeFi projects such as Compound, AAVE, Maker, etc. When should we expect this to happen? How will these connections affect your project’s way in the crypto market?
I recently participated in a BIG AMA with your project, in which I was a winner and received a reward of 2Yfic, which should represent 0.26ETH according to the second presale (1ETH = 75Yfic), but when I go to Uniswap its value is much lower, really why is this? And how will it increase its value in the market?
You really don’t need the services of Blockchain technology to develop a project that generates rewards with decentralized finance to its users? Is this why YearnClassic is totally agnostic to Blockchains?
I was looking at their website and I didn’t really get much information about how it works, they just mention that YearnClassic is “simple and safe”, but how do they work? Where can I get more detailed information?
I understand that your round 2 presale ends tomorrow, what plans do you have after your presale ends? Are you planning to search some exchanges for your YFIC token?
I was googling about your project “Yearn Classic Finance” and I really found a project with the same name but with Native EARN tokens, is there really any relationship between you? or are you totally unaware of that project?
Is there a way to passively win with YEARNCLASSIC?
WHAT are the new Aim of you’re project?…… and how to develop you’re project around the world…..
You stated from your disclaimer page that “Hence, yearnclassic is not responsible for any direct, indirect or consequential losses as a result of your investment decisions”
Considering the above statement, is it probable that investors would derive economic benefit from their investment on the long-term?
Why does Yearn Classic Finance conducts 3 rounds of presale? What is the advantage of having more than 1 presale? What is the effect to this in your platfom?
Can you briefly describe the Vault feature in Yearn Classic Finance? How to participate? What are the positive and negative aspects of this feature in your platform? Thank you!
what are the improvement of yearnClassic over yFi ? Did yearnClassic applied for the grants from Binance to develop on the binance smart chain ?
Can you explain how simple to use is Yearn Classic Finance? What makes it simple? Can we also say it is user-friendly platform?
the yfi token has only 30,000 token, why does yearnclassic decide to go the opposite path and minted over 1 Million token ? Is there any liqiudity pool lock being plan ?
you have plan for potential listing on a few popular and big CEX like FTX, binance and kucoin, why do you aim for CEX when you are a Defi project ? How much of the fund has been allocated for the listing fees?
Only 60% of the raised funds during Presale will be locked, what will you do to the 40%? Will you burn it to increase the value of Token & attract Investors to invest? And when is the locked liquidity pool be unlock?
The total supply of Yearn classic is 1,000,000 YFIC
and currently YFIC has already held the 2nd round of pre-sale
during the first round, can we know how many YFIC tokens have been sold ?
Can the Team predict that the YFIC project will become a trend in any field? what is your strategy to keep YFIC from falling behind in technological advances? and what is the guarantee that the $YFIC project will stand the test of time?
To stabilize the YFIC price, what is the strategy of the YFIC team? How does the Team protect user assets when there are major fluctuations in the market and collapse? and Can you tell us why you created the YFIC project?
Regarding the official launch of your token, will it be through uniswap? If so, why did you make this decision, do you think this will allow your project to move forward and strengthen quickly?
As for your token, I’m interested to know, what makes it unique and different from ALL the existing tokens in the ERC-20 network? And how do your project and token contribute to the improvement and development of DeFi?
YearnClassic is a block chain agnostic platform, but it uses the Ethereum network and Binance’s intelligent chain. So what makes it really independent? What do you look for in the various blockchains to add to your DeFi platform?
I understand that you will have only 40% of the 1,000,000 YFIC that YearnClassic has for the 3 pre-sales, but in the case of not exhausting that established amount, do you plan to make a 4th pre-sale? or would they start trading at IEO?
is YearnClassic really blockchain agnostic? is it due to its complexity? Or do you think that these blockchain projects are really a scam that benefits the founders more than the users?
In YFIC presale, users from some countries aren’t allowed to participate in the presale, such as US, Pakistan, Sri Lanka,etc. Can you explain the reason? then if I come from one of these countries, is there another way to join the YFIC presale?
You knew that investors right now is very careful in investing on defi projects and your target; Hard cap:5260 ETH and Soft cap:1500 ETH. What will happen if you failed to reach even the softcap? Is there a possibility of refund.
I tried to find articles about YearnClassic Finance because of the absence of your whitepaper but the one medium article that is available is all about the YFIC pre-sale. Where can I find helpful links that can explain the features of YFIC and functions of your APP?
You write on the site about potential exchanges and it scares me. I remember that all the previous projects that hinted at Binance listing didn’t get there. Do you understand that such hints are potentially frightening, not attractive to investors?
I think that only good team and excellent working product will prevent people from dumping. Take a look at UNI, they airdroped their tokens to thousands of users and they still have a good price. You think: Once presale is over. 60% of the raised funds will be locked in Uniswap liquidity. Similarly, 10% of the raised funds shall be used to buyback and burn YFIC tokens after presale. This action will prevent people from dumping. Who’s right?
How does YearnClassic team sees Defi potential nowdays for long-term run for the business ?
And what is the feature That YearnClassic will provide for the DeFi space in long run?
is there any chances for regular user like me participate on the YearnClassic staking program?
What is the requirements to join YearnClassic staking program for the fırst time ?
What is the Purpose of YFIC held the YearnClassic Raffle Draw event recently ?
Then What is the progress YearnClassic team want to evaluate from this event?
Now the topic of lending is very relevant. Have you already developed a loan program? What is the minimum amount of tokens that can be borrowed, for how long and at what%? Who will be able to use this service, how will it be necessary to pay the% under the agreement and is there a possibility of early repayment? And how will you be insured against unscrupulous borrowers?
For quarters 3-4, you have scheduled token burning. What tokens will be burned and how much?
I read that YearnClassic Finance have 3 stages of presales, What is the benefit that we will get, if we buy from the 1st stage? It will be cheaper than 2nd or 3rd stage? Please explain
I see you have several channels in Telegram. The main channel, news, channel for traders. But all these channels are filled only with information about the presale. Is this all that you can offer to the community or are you planning any promotions? Air drops, bounty, everything that anything to attract the attention of the crypto community?
The YearnClassic Full Suite mobile application will be launched in the 3-4th quarter of 2021. How will the personal data of application users be protected? Will mobile phone sync be set up to use the biometric sign-in feature (such as a fingerprint)?
Could you please tell us the opportunity joining YearnClassic finance for now? As we know, you already finish do presale round 1 so it mean we are a little bit too late to join since presale round 2 will getting disadvantage?
On YearnClassic Finance telegram, i read that you suggest to stacking YFIC immediately after we get it, what’s the benefit if we stacking it? Is there any reward?