We are pleased to announce our next AMA on November 20th 2020 at 06:00 PM UTC Time: Satoshi Club x Flexi Coin
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Flexi Coin Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Flexi Coin Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Flexi Coin
For more details:
Flexi Coin – @Flexi_Coin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
The idea of $FLEXI supply diminishing with each and every transaction is really fun. It’s a general knowledge that to burn a token, you have to send it to a burn address which will automatically make the token null and void. Question::What mechanism do you use to achieve your own burns at every transaction and what happens the burn limit{750 $FLEXI} is attained,will the burning stop?
The Whole idea of Flexi coin is the fact that it has a flexible supply.. infact the name Flexi Coin was coined from the word Flexible..between 1%-9% of every transaction will be burnt untill the Total supply drops to 750…. the flexibility in this Coin is due to this Burns so I am wondering what will happen to The flexibility of your Coin when The burning stops at a total supply of 750..will you come up with other methods to ensure that your coin still remains flexible if yes what will this methods be..
You claim that your Code has been verified and audited in uniswap… I can’t find any other details about who audited and verified the code and what issues were discovered if any (a report). To me there is basically no proof of this claim and to top it all you have an anonymous team..so Can you present us an evidence of this claim that your code has been audited and verified in Uniswap in a bid to restore a little bit of trust in your project
What baffles me with your staking is that you charge stake and Unstake fees within the range of 11-20% and offer an APY or APW for staked FlEXI withing a range of 1-20% I see this model as a very unprofitable model for users…. why did you decide on having an APY or APW that is almost similar to what you will be charging people when they unstake or stake their Coins don’t you think this will greatly affect the number of people wanting to stake FLEXI
In Flexi Staking the fees are selected randomly between 11-20%. In software platforms, “Random” function works depending on the time which makes it return a different value everytime it is called. I assume you will provide the fee percent/amount to the users just before stake-unstake processes (to be transparent). Then the users will check the fee and decide to complete the process accordingly. They will keep trying until they get the lowest fee. So fee percent will always be close to 11%, and the upper limit of 20% will become meaningless. Have you considered this? Would that affect your income/reward plans negatively?
One of the big problems today is that every day there are more and more fraudulent platforms that deceive investors and users. The question is, why should we trust Flexi Coin? What does the platform offer that to provide security and trust to all?
Today we all know that the biggest problems of DeFi is scalability and the amount of liquidity available. What effective methods does Flexi coin employ to solve this? Does your token adapt to all the changes of the financial moment are in?
At the moment, where you are focusing right now? building and developing products or getting customers and users, or partnerships? Could you share it?
APY or APW 1-20% is something big. Can we trust you? Many projects offered great returns but in the end, they can’t prove any revenue. Is your project like this? If not can you tell us, what makes your project is different from other projects?
Burning 1-9%, APY-APW 1-20%, Stake-Unstake Fees 11-20%… Everything is random on your system. Why do you prefer everything to work based on “chance”? Doesn’t it cause an unfair platform for users?
Please tell us more on your partnership with SMPL foundation. What do holders of FLEXI stand to gain from this partnership?
Can you tell us your road map? What are the marketing plans to get more solid partnerships?
Can you clearly explain your Tokenomics to us? I read that you have 862 tokens left and burn is to continue randomly, till it gets to 750 tokens. Yet your Tokenomics has the following:
Marketing – 50
Staking – 100
Uniswap Liquidity – 850.
This adds up to 1000 tokens. Please explain.
I understand that this is a new project but considering trading is available on Uniswap already, and the coin has no website we can visit, no whitepaper we can read through, and no roadmap we see, how are we supposed to trust your project with all this missing? Or do you plan to launch this soon?
The project doesn’t look well thought out, so I have to ask where do you see yourself in the next five years? What goals does your project aim to achieve? How do you convince investors that your project is not a scam all things considered?
What is the real life use of your Token?
Liquidity pool and release of pools for SMPL FLEXI What are your plans for and how will your SWAP usage plans be implemented for the different tokens?
How much importance will you attach to cryptocurrency stakers. What incentives do you plan to offer for them to take a share in FLEXI token?
How will the profit to be earned for FLEXI shares to be won by users staking or providing liquidity to the FLEXI / ETH pool, and how will the liquidity share be distributed?
FLEXI Platform’s Stake fees and Unstake fees is random from 11-20%. Why is this quite high rate of staking / unstaking fee? What is the reason to have such percent that the stakers will shoulder.
I am a fan of projects that have a small token supply, but why did you set your FLEXI supply that low. What is the benefits to the platform and its investors that you issued 1000 supply at the beginning while you can have a 100k supply and burn it until you reach your desired amount of token circulating in the market?
Flexi Coin distribution of supply:
50 FLEXI for Marketing, 100 for staking and 850 In uniswap. Why didn’t you allocated some tokens for the Flexi team developers? How will the developers take their fair share of payment for their hardwork.
Why does FLEXI use the flexible procurement method and
What are the contributions of the flexible supply system to stabilize liquidity?
For flexi coin, what is the difference between flexi APY or APW and how will you ensure fair distribution with staking?
What is the contribution of a flexible supply of tokens burning randomly 1-9% in each transaction to stabilize the price of FLEXI and by what period will the circulating supply be reduced?
Can you tell us how Flexi coin born? If it is flexi , is the supply of your token is elastic?
I usually try to infer or deduce the reasons of smart contracts designs and make sense of them in a rational way. I have to admit that, in the case of Flexi Coin, you guys managed to confuse me big time. It’s the first time I read on a whitepaper of random fees, random burns and random rewards – random almost “anything”. A more fitting name would probably have been Random Coin or Chance Coin. Anyways… I mean…seriously…why?
On a more serious note, I was wondering…given Flexi Coin “randomizing design” – which is still completely puzzling for me – why, as an investor, would I even want to add more risk (chance is a risk – e.g. games of chances are called risky by definition) on top of an already risky investment?
What does it mean: each transaction burns 1-9% FLEXI randomly? Don’t have a flat fee on your transactions? Reminds of a lottery! How does your system determine the FLEXI Burn% for users? Where else do you use a similar random method?
Guys, you made my day by this ‘FLEXI Big Partnership with other partnership and work with partner tokens in release of pools and staking.’ It’s like announcement of announcement, Justin Sun’s style. Could you shed a little more light on your partnerships with partners. And what goals you want to achieve by this cooperations?
Are the random staking/unstaking fees calculated and recalculated any time the staking/unstaking function is called? If so, it would be very easy for most people to cheat, by simply canceling the pending transaction and retrying, until they find a favorable fee price. So, supposing you’re aware of this potential issue, how is the team circumventing it? Perhaps hiding the transaction fee? Or maybe setting a periodically fixed (that is, not function call dependent) fee? That is, which solution did you come up with to deal with such situation?
The roadmap for November states:
Start staking and get 200+ FLEXI tokens in staking.
What is the minimum stake I have to place in order to participate in this program? And how will the reward be calculated?
You have just twitter 2 weeks old and a telegram group where i can see a lot of beautiful stickers, but a few of info unluckily. Have you a site where i could find your whitepaper, roadmap, detailed FLEXI specification, tokens allocation chart, etc.? Is there any other usecase of your token unless of trading? Such as staking for instance
About FLEXI coin on twitter,
FLEXI coin is a coin with flexible supply and flexible staking.
Total supply 900
Random burn 1-9% on each transaction.
NO presale
I saw that post before this showed smaller supply than this one. Does this means that supply is flexible and it is changing? Is there any limit for burning per transaction? Does burn rate depends on amount that is being transfered?
Basically, a White Paper is located on not a single dozen sheets! It’s always hard for me to force myself to read these things. But! Your White Paper is only 3 pages long. When publishing it, you adhered to the saying: is brevity the sister of talent? But seriously, it is quite concise and understandable! Are you planning a new edition of the White Paper and when? And how many sheets will it take next time?
Can you explain to us what is the idea of having such a variable APY or APW? How can we be sure that our investment will not be most of the time with an APY of only 2% for example?
Is this 1 to 9% random burn model a system already known from other projects, or are you the first ones to apply it? Has it been tested in any way? Are you sure it works?
It seems that everything in Flexi finance is randomize, including the staking APY or APW is also random which can be anywhere from 1-20% weekly. Stake fees and Unstake fees is also random from 11-20%
Why do you create this random APY rate and random APY burning, won’t this make the user confuse and needs to constantly check on the APY ?
your timeline shows them item in nov : staking launch , big partnership and liquidity pool staking. Can you let us know who is going to be your big partner ? The roadmap also ends in Dec, can you let us know your plans and focus next year ?
FLEXI has a low supply, it started with 1000 circulating supply and it will keep burning 1-9% randomly until 750 FLEXI are left. What will be your plan to the remaining 750 FLEXI?
Flexi Coin, any info about your tokenomics distribution? when it will be released and how about its utility?
Blockchain with its unique features is really perfect for future, but theory and adoption are completely different. With organizations level, how could Flexi Coin convince as well as barriers about regulations legal ?
For Farming in Flexi Coin, Do all wallet applicable with your farm platform? what wallet did you recommended to use if we want to farming in there?
Part of your/this year’s November roadmap is Launching Liquidity pool and Liquidity staking which will help users earn more FLEXI by staking or by providing liquidity to the FLEXI/ETH Pool. Has this been started? Are there certain conditions that needs to be fulfilled in participating the Liquidity Staking and Pool?
You named your project FLEXI COIN, how flexible is this token in the blockchain technology? What are the things it can be done?
How is the work on vaults, Liquidity pool and staking pools progressing and how ambitious are your plans for the number of pools?
Ask Siri what she knows about Flexi Finance … Now I have even more questions than answers. Do you have anything in common with the Philippine credit community Flexi Finance? What connects you with the SMPL Foundation? And maybe there are some other names who everyone knows and with whom you have a partnership?
I am 3d/2d artist who loves to be a part of new creative project ,
is there any way who an artist can be a part of the team for making it semi-artistic as well
since there is too techniqal stuff there in crypto it makes other people harder to get in .. why art would be a way to make it easier for other people to flow in it … and not every artist wanted to make random nft
so it becomes something differnt and connect the dots for a re unionion of artist-programer and even other fileds into one that would be much great! and if it can not be may i ask why we cant ?