We are pleased to announce our next AMA on December 16th 2020 at 05:00 PM UTC Time: Satoshi Club x Hurricane.Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hurricane.Finance Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Hurricane.Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Hurricane.Finance
For more details:
Hurricane.Finance – @canefinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Yield crops are often a bit complex to implement, what makes Hurricane Finance a simple yield crop and how does it benefit storm chasers in the long run?
I understand that Hurricane Finance focuses much of its services on long-term investors, but what cultivation services are available to short-term and medium-term storm chasers? How inclusive is your cultivation service?
generally liquidity providers are interested in platforms that generate great rewards, how can a liquidity provider obtain a privileged position in Hurricane Finance while participating in the growth of the network?
I loved that your token is called category 5 (CAT5), it is very original, why did you decide that there will be CAT5 in circulation at launch? Do you plan to create a pre-sale fund for this token?
Your CAT5 token has a very small total supply of only 10,000, what is the strategy of such a small supply of CAT5 tokens and what is the reward limit with which your token will start?
This project combines various ideas from other projects like SEAL, VOX and NAMI, some of them related to governance, staking and economics. What original ideas came from the Hurricane Finance team and makes the project authentic?
Most of the projects like Hurricane Finance use a pre-sale before the launch of their tokens, but you do not use that concept, why did you make this decision and how does this favor your tokens?
For both storms, Katrina and Hugo there’s an exit fee that is applied to the unstaked amount. It says in your litepaper it’s an 8% for Katrina, but doesn’t show the percent for Hugo. How much is it? and what is the finality of ditribute this fees collected between other LPs and treasury?
Hurricane Finance has many storms and I don’t know which one offers me a high percentage of rewards. What is the percentage of rewards assigned for each type of storm and what type of storm do you recommend for new users?
In case I want to bet CAT5 to generate some income in Ethereum, what is the established exit fee and what betting methods can I use to generate a large amount of Ethereum based on my interests?
Governance models are something special for me, I read that Hurricane HUGO is designed for network governance … What are the benefits of storing many HUGO tokens and how does this positively affect the governance of the Hurricane network?
Suppose I claim my rewards before the stipulated betting time, what happens if I claim the rewards too early in relation to the day I last bet and what percentage of the fee would I receive for this?
I have read on Medium that you have had problems with users developing methods to circumvent exit fees, what solution or mechanism have you developed to prevent this and how does this benefit the betting reward system?
HUGO token is purely for governance and future benefits released in the protocol, does that mean that CANE token would be listed in trading and exchange platform soon? What platform is the project in talks with to list CANE token?
Since HUGO token holders are given governance on the platform. Is there a system in place to prevent whales from accumulating the token and manipulating the service offered on the platform?
When you want to stake in Hurricane Katrina the APY isn’t visible until you connect your wallet, is the APY determined by the amount of ETH staked? And what’s the minimum amount of ETH we can stake and the APY we get for staking that amount?
You can unstake from the Hurricane Hugo storm twice a day, capped at 20% per withdrawal. An
exit fee will be applied to the unstaked amount.
I understand that this will be give to other people who stake, but 20% for unstaking is so much.
Is there any way you will decrease it, how long will people need to stake so they can earn enough just to pay fees?
In your litepaper there is chart showing CANE reward distribution schedule. Chart is showing from 30 Nov till 22. March 2021.
Is it possible that distribution won’t go as planned. Also, since distribution already begined, is it doing same as shown on chart?
Basically for every transaction when we want to add liquidity/start staking/unstake there are very high fees that goes to 25%
Why do you think that this is very good thing to do? When we want to claim our rewqrds we loose 20% so does this means that APY is also very and how long will it take to get back money spemt om fees?
In the last days you have whitelisted addresses because of unexpected troubles that experimented you liquidity pool. Can you tell us what exactly happened and how did you solve the negative impact of it?
There isn’t much information about partnerships in your litepaper. What kind of associations will seek Hurricane Finance to benefit the project and their staker/holders?
Hurricane Finance is simple and experimental yield farming designed to benefit storm chasers for the long term. It introduces “Storms” for stakers and liquidity providers to earn rewards and increase their holdings while participating in network growth.What are the bonuses that are earned through the Hurricane Finance project?
Hurricane Finance is rugproof with no presale or team fund. We will launch with two storms available for chasing: Hurricane Katrina and Hurricane Hugo. We will prepare a third storm called Hurricane Andrew with a pair based on community governance voting.What is the difference between Hurricane Katrina And Hurricane Hugo and Andrew?
At the moment you have three Storms Hurricane Katrina, Hurricane Hugo and Hurricane Andrew.. where did the names Katrina, Hugo and Andrew come from are this the names of your Dev team members, and do you have plans of expanding the number of Storms available on your platform if yes on what basis will the addition of Storms be done will it be the sole decision of the community or the expansion of your Dev team (That is if the name of your storms comes from you Dev team)
Somewhere in-between one of your articles you mentioned that you will evaluate the possibility of adding vaults to benefit your HUGO storm chasers… my question is will this vaults only be limited to Hugo storms chasers alone if yes why and how do you intend that HUGO storm chasers will benefit from this Vaults if after your evaluation you decide to add them…
Hurricane.Finance places a lot of power in the hands of its community, particularly those that are in it for the long haul and staking in the Hurricane Hugo storm. The following parameters are configurable by HUGO governance token holders and affect the behavior of the tokenomics. what about the tokenomics of #Hurricane.Finance token
What is the benefit of buying and holding it for a long time?
Going through your smart contract overview I saw that you added an “emergency withdraw” function which you say will allow Users to withdraw their tokens without caring about rewards… you also stated that you do not expect this function to be required so why did you add it in the first place and how does this emergency withdraw differ from normal withdrawals from your Hurricane Storms
In your website, there are three staking options or chasing storms such as Hurricane Hugo, Katrina and Andrew( I supposed you get this from name of Hurricane that happened in the past) ,why did you choose this name by the way? So can you explain to us how they differ to each other? What are the unique benefits we can get while staking with this options?
– The APYs offered by Hurricane Finance are incredible, Hurricane Katrina has an APY of almost 20,000%. How long will you keep these APY’s so high? Is it a project that can last over time?
– Every 14 days a Halving occurs at Hurricane Finance, can you explain to us what this Halving consists of? Will there be a reduction in the holders’ tokens or will it only be a reduction in the Storms’ reward?
– Are there any fees for joining the Hurricane Finance liquidity pools? Will my funds be locked or can I withdraw them at any time?
Hurricane Finance is from a team of 3 devs, with previous industry work on audits and a popular YF** project. If you don’t mind can you share what project is this? What made you decide to form your own project? Aside from a team of 3, do you plan to add more teams in the future? Thank you!
Hurricane.Finance is rugproof and held no presale or team fund. How can you say that your project is rugproof? So how will you get funds for liquidity if you have no presale? ? Can you tell us what is the desired plan of the team?
Hurricane offers an experimental yield farming for storm hunters. How does this model of farming differ from all the other models in the DeFi space today? How will your model generate the highest yield on the market?
Hurricane.Finance has no pre-sales or equipment fund, Inspired by the combination of ideas from SEAL, VOX and NAMI. What are the benefits of this characteristic for both the platform and the users? How does this guarantee the transparency and security?
I read that Hurricane conducted an audit. Which security company and expert in the area carried it out? What were the results of this? How does Hurricane guarantee that there are no errors in its decentralized operations?
In your documentation I came across the $HUGO, $CAT5, and $CANE tokens. Can you explain to us the functions of each, their importance, and what we should focus on as those who wish to invest in Hurricane Finance?
Apart from the names of the most powerful storms, can you tell us how Hurricane Finance differs from other protocols at the moment?
Recently you had to postpone the farming start date to one week later for security reasons. What was the reason for all this? Were there still mistakes? Were all audits completed?
I understand that all the components of your projects are related to storms and hurricanes and I think it’s a great idea. What I don’t understand is what the storm analogy is referring to… To powerful profits? To tokens with very high and stable prices? Or to what?
What is a Category 5 token? First time I’ve ever heard that term sincerely, or is it just a name and no more than that?
As i know, $CANE was inspired by combining ideas from SEAL (LP economics), VOX (community + governance model), and NAMI (Easy single-side LP staking). So can you tell more about this development mechanism?
$CANE is now live on Bilaxy. Nice work! So will you continue to expand cooperation with new partners in the future? Who are the partners you are targeting?
As you said” Hurricane.Finance is working to grow our Tropical Storms into Category 5 Hurricanes, we want to ensure we maximize the Wins you will earn!” So,how can you ensure the maximum profit for user?
Recently,Ethereum’s pump is causing gas prices to spike. How can Hurricane deal with this problem to even more optimizations to give Storm Chasers the best gas fees on withdrawals and claims?
Hurricane.Finance is simple and experimental yield farming designed to benefit storm chasers for the long term. So, what are the special advantages of Hurricane compared with other current yield farming projects? What are the incentives Hurricane offer for investors ?
Based on your Katarina process, all claimed LP rewards will be received in ETH. So what is the minimum ETH amount for mint $CANE? And
When hurricanes touch the ground, they wreak havoc. And the consequences of hurricanes are poverty, looting and increased crime. What steps have the team taken to ensure the safety of investors’ funds? Who will protect us while we tame hurricanes? Hurricane 911 or Baywatch?
CANE is available on Bilaxy, which has about 630 markets. In any of the featured markets on Bilaxy, can we choose the CANE / USDT and CANE / ETH trading pairs?
your litepaper consists quite a lot of technical details on your workings of the smart contract which I believe will not be read by most of the users, what I would like to know what is the project roadmap after the initial staking reward for hurricane hugo (4300% !!) & hurricane katrina (15,000% ) ? How do you plan on retaining the users on your platform and what can they use the CANE token for ?
Many projects mislead their community members, stole their funds and ran away. Also, numerous projects have decided to launch in this December probably because they felt people will want to invest and make profits while the current market conditions with Ethereum’s pump is causing gas prices to spike. And several users have been affected by these spikes. What have Hurricane.Finance done to assure users that they are not another scam project trying to steal from innocent traders? Also, what is Hurricane.Finance doing to prevent users from being affected by the high spike of gas prices?
Hurricane Katrina, Hurricane Hugo, Category 5 storm. What is this anyway? Why Hurricane? What do you associate the names of your project with?
You made your first listing with the Bilaxy stock exchange. First of all, I congratulate you for this. How do you evaluate the Bilaxy listing in order to connect with more networks and facilitate the purchase of CANE, are the new listings on the way?
How will stakeholders and liquidity providers participate in network growth and how to implement the “Storms” feature to earn rewards and increase their assets while participating?
We know that your team consists of members who have worked in areas such as blockchain development, YF products, smart contract audits and know the industry. What shortcomings or problems did you see in the industry in the creation of your project, how did your team come together and how will your past experiences guide you on your roadmap?
Hello, I still can’t found for Hurricane Token price (CANE or HUGO) in coinmarketcap or coingecko, why? Do you have plan to list in coingecko/coinmarketcap in the future?
I am new to DeFi farming. There is an opinion that investments of less than $1000 in farming are deliberately unprofitable. And here I have a misunderstanding. What is your APY 10k-20k%? It seems to me that my modest $100 is doomed to make me richer with the help of your platform.Which of your pools will you advise me and what should be my first steps through hurricanes to Lambo?
After check your stake pool, you have feature that can Autostake and transfer it all 100% from “Katrina” to “Hugo”. But why it must 100% ? For example, can i transfer it only 50% or 75% of it? If i can’t, could you upgrade your platform so i can choose how much % ‘CANE’ that i want to move from ‘Katrina’ to ‘Hugo’?
I already stack about 24 hours in “Hurricane Cane” Pool and now there is note for 75% exit fee on stack and another note 50% for claiming fee.Why you put so high fee for your stacking pool? Do all this % fee will drop in the future or will be the same?
When I read Litepaper “We will evaluate partnership opportunities to benefit our HUGO storm chasers as they arise.” There is an expression like. Is there any progress on this subject and when will it be announced?
What are the estimated times for listing dates? Without these dates it can be a little difficult for people to approach the project. Where will you make the first listing?
Litepaper says “8% exit fee will be applied to the unstaked amount”. This rate can be considered high. Why did you need to charge such a fee and what is the purpose of this?
Hurricane Platform uses names like Katrina, Hugo, and Andrew which to my knowledge are some of the devastatating hurricanes ( category 5 ) that hits the United States which caused $billions of damages. What do these 3 have that they are chosen to be the “Storm” of your yield farming activities.
I found some similar feature in your stack platform. What are the different between ‘Claiming Interest’ and the other ‘Claiming Reward’? Could you pls explain about the function?
Hurricane are claiming that they are rugproof which is a good thing. Can you explain what are the preventive measures and safety precautions set by Hurricane project devs that a rug will not and can never happen to your platform?
“You will only receive ETH when you unstake, not the ETH/CANE liquidity token, and an 8% exit fee will be applied to the unstaked amount.”
Can you explain why, if the user unstake they can only recieved ETH in return. Will this mean that the staker will completely loss their CANE after they participated on yield farming?
In the Litepaper you said that the CANE total supply is 10,000. But in the same time, your site displays a different value, there I can see the total supply 78776091.458 CANE (currently, in the “Meteorologist Forecasts” tab). That is too big discrepancy. How could you explain this? Which one is a correct value of total supply?
As it’s stated in the litepaper, we need to deposit only ETH in order to add liquidity, then the equivalent qty of CANE should be minted automatically. And there is the same for the liquidity unstake procedure: we will get back only ETH, but not CANE tokens. I.e. we don’t need to buy CANE to start earn LP rewards as well as to sell them after rewards received. So why do you spend money&time to list CANE on some centralized exchanges as far as we actually don’t need to buy it in order to earn with your project? Has the token any other usecase unless LP&staking?
You have multiple interest withdrawal fees. Are they the same for all of your uroganes: for both Katrina and Hugo? And Urogan Andrew?
There are so many DEFI projects that promise to be novel but only fail. How does Hurricane.Finance plan to gain the trust of future investors and attract those who are just starting out in the industry?
In the Blockchain industry, cooperation is a fundamental part for the project to remain alive. Can you tell us a bit about your current partners and what benefits does this partnership bring to the Hurricane.Finance project?
As an investor in the world of Blockchains, I would like to know what makes your Hurricane.Finance project different from the rest that already exists. What makes them safer against attacks and what makes it a more efficient environment?
As an investor in the world of Blockchains, I would like to know what makes your project different from the rest that already exists. What makes Hurricane.Finance a safe and efficient project?
Would you mind to explain to us what’s the difference about Hurricane Katrina and Hurricane Hugo ? Please Explain both of the side
There are the third Hurricance, Please explain to us about that ! That’s “Hurricane Andrew”, explain it
What’s the parameters that can be
adjusted by the HUGO Token’s Holder ?
Do you really hope that the person who received the funds from your pool will return them? It is easier for him to sell and go from another IP and MAC address to invest this money and not share it with anyone. What do you intend to do if it does not return, do you have the opportunity to compensate investors for losses?