We are pleased to announce our next AMA on December 26th 2020 at 04:00 PM UTC Time: Satoshi Club x Drift.finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Drift.finance Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Drift.finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Drift.finance
For more details:
Drift.finance – @DriftFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Connecting our Wallet to the DRF network, how secure is our funds considering the permission granted to your platform? Has your platform been audited? Where can we find the audit report and who audited your project?
Drift.finance seems to be similar to a lot of DeFi projects out there, what makes your project different from the rest? I believe every project has a gone before it launches, what goal is your team aiming to achieve with this project?
How do you plan to spread awareness about your project in different countries/regions where English is not spoken well? Do you have local communities for them to let them better understand about your project?
How much lp tokens will be locked forever, how do the liquidity providers get their funds and revenues? How is it attractive for investors to be liquidity providers?
Why did you choose 3 liquidity state and how it will be helpful for project?what is sdrf that get from claiming reward?
According to your website, i know that Hold & earn directly in your wallet by applying fee to each transaction and instantly splitting that fee among all $DRF holders. It’s likely seem “Hold-to-farm”. So How will the transaction fee of $DRF be distributed to the amongst all holders? And how about the mechanism and emission reduction ratio of $DRF ?
How can I earn DRF without staking any coins? How is it possible to get DRF coins with just holding it?
Is it true that this is your third project this year? What happened to the previous projects? I am sure that you have gained experience, but I want to know what this experience was. Did you make many mistakes?
I read in your telegram that Drift Finance will not do PreSale but using new method “LiveSale” for selling token.So what is the different of LiveSale with Presale? Actually Isn’t its same?
Will 1.5% of every DRF transaction is distributed to all DRF holders or only among those who made the transaction? And Can the proportion of holders receiving tokens increase further with the number of people joining in DRF ecosystem??
As i can see, DriftFinance is a “Hold-to-earn” Defi protocol which rewards for holders from every transaction made in its ecosystem. It mean I just connect wallet to buy and hold $DRF and accrued transactions to get the rewards? So what will be the reward ( $DRF, stablecoin or your new token …)?
If people want to invest to a project, they will learn and do research through your website,telegram even to your whitepaper.
thats why my opinion whitepaper is very importantt, but i cant found your whitepaper,why ?
Does Drift.Finance have plan to create one in the future?
What makes this project different from other? What would be the uniqueness of it that you want to tell your users and we love to hear?
You claimed that DRF received on live sale typically 8% less DRF than direct buy through Uniswap. However, you will receive both DRF and LP token for farming to compensate the reduction. For example, When I deposit 1 ETH for 5000 DRF on Uniswap. While on Live Sale I just received 4600 DRF/1ETH and LP token received will be staked on my behalf to farm more DRF. So, when I withdraww, the amount of DRF on Live Sale will be better than on Uniswap or vice versa?
When i enter your website, there is pop up “Drift Finance said Please install metamask to use this app”
as you know, yesterday someone just emptied my metamask wallet.I don’t know the reason because
i never share my PK and only use metamask to Connect some APP.then my question is why your app
must using “Metamask”, can we use other wallet like Trust wallet ? How is your security system,
does it safe for us to connect our wallet into your platform ? sorry but im still traumatic using metamask
Your website says “Fees are adjusted automatically based on liquidity state (Normal, Drift, Brake). This means that there are 3 liquidity states in drift finance which are Normal, Drift, and Brake. Can you explain more on this three liquidity states?
As i can see, Dirft.finance are combining many other tokens features like $RFI yield farming + SAV3 LP lock, $TRI liquidity connector, $PRIA buy bonus/sell penalty, $NAMI launch & farm, ITS buy back pressure every hours. So how can you integrate those features without losing the uniqueness of your ecosystem ?
How soon can users start to get the DRF tokens? How can the platform prevent bots on Uniswap at launch time? And where does the funds for Buy bonus come from?
According to the explanation on your website, Buyers receive 4% buy bonus reward and sellers pay 2% sell penalty. Why should a user be punished for selling?
Also, that implies that the platform is encouraging users to buy and HODL. So what is on the table for every holder including liquidity providers of DFR?
In the long run, why should we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?.?
Most of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to Drift.Finance long term?
How is it protected against being hacked, and in case it does, is there insurance for investors?
There is an issue with Metamask that I believe just came out yesterday. Is there any way to buy $DRF without interacting with Metamask for now? For investors protection.
You have a rule that Buyers will receive 4% buy bonus reward, while sellers pay 2% sell penalty. Will this be a very good scenario for a tokenholder to just do “Buy and Sell” DRF tokens. Will can this make the $DRF price unstable.
$DRF tokeholders can just hold and earn . When will be the distribution of rewards takes place. Will it be daily distributed?
What is the difference between the 3 liquidity states Normal, Drift and Brake liquidities you have provided in Drift financing and how will they mediate a stable liquidity?
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
How is the limit rate for withdrawing bet LP tokens set and how will taxation be charged when we claim our rewards?
Feature is the most vital thing in building project growth, a product will not develop without good feature and promotion, whatever it is good. so, how about Drift.Fianance ? Can you provide a list of killer features that scare your competitors over your project?
Will it be possible to get DRF with staked LP tokens for farming at no additional cost and how will farming rewards be applied to compensate for the discount?
How are you going to handle your systems if unforeseen problems happen in the future, particularly hacking issues that affect your platform have some of your users personal data? Would be your platform prepared to deal with that sort of situation?
From your website, there is the possibility for investors to earn DRF reward through your Partner Liquidity Connector Program when by first market buy DRF and create Liquidity pool with their token on uniswap. However, while responding to a similar inquiry in a recent interview on discord, you said anyone can directly provide LP on uniswap but will not get farm rewards since they have already receive both DRF and LP token as a bonus when buying DRF through live sale. It’s sound a bit contradictory and confusing. I will like you to clarify this and to explain how investors who participate in your Partner Liquidity Connector Programs for in Uniswap are rewarded.
From your profile, you are a stack dev with 15 years experience. You already initiated two projects already; $NAMI and $DVD. Nowadays, it is quite difficult to manage one project and ensure the project maintain it’s relevance for a longer period. There are several proliferations of similar projects without any distinctions or uniqueness between them. What is the status of your previous two projects? Why do you think it’s necessary for you to implement this additional project and how are you going to manage the distraction that comes with it?
Drift finance have 3 liquidity state: normal drift, brake drift and stake drift. Tax and Yield for each state are automatic and may also be different. What is the uniqueness of each liquidity state? At what point will the protocol add liquidity and what factors determine the tax in each liquidity state?
Drift finance platform is still in construction since your contract isn’t yet deployed. There are many yield-farming projects already, how are you planning to avoid your token gets devaluated in time?
So far I researched you will not make a pre-sale. Circulating from 0, but you aim to live sale a supply of 4,000,000 $DRF. After that, what will be next? Into what exchanges do you plan to list $DRF?
In your Contract there is a rebalance function to buy back DRF every hour… How is the amount of DRF to be bought back by this function determined.. does this happen at exact same time every hour, what happens each time this rebalance function is triggered.. and what happens to all the Bought back DRF tokens
his project is inspired by NAMI, RFI, TRI, SAV3, PRIA, ITS. What have your rescued from this tokens to apply into your project? If this is an experimental project, is it worthy of long time invest?
Users will have to pay a 10% initial entry fee to treasury when they deposit, also, there’s a fee to pay as penalty when someone wants to sell. What is the destination of all those tokens?
As one of your feature which is a Fair Launch which stated “Not a clone, No presale, Circulating from 0. Buy on launch has limits to prevent bots”can you elaborate more about this statement? If the circulating supply is from zero, is there any possibility that your token will be deflationary ? If there is no presale ,how will you possibly get funds for liquidity for exchange listing? If you’re not a clone, what makes Drift Finance unique among other platforms? As an investor, how worth it to spend and invest money with your platform? Thank you!
I see Upkeep in your website,can you tell us more about this feature? How does it works and function in Drift Finance? How profitable and manageable is Upkeep in Drift Finance network? Thank you
✅In every partnership, there are times When a partner might breed resentment if certain dissatisfactions don’t change over time. How would you deal with a situation like this?
✅How much money should you raise? (i.e. “zero” to “as much as you can”) In the range of “bootstrapped small business” to “go big or go home”, Where do you want this project to go?
You can earn directly in your wallet by distributing the commission between all DRF holders. How will the commission be split, in the same proportions, or will everything depend on the amount of DRF I own?
Hi Team,
In your website it is mentioned about DYNAMIC FEES, can you explain how that works? and give examples in how fees are adjusted automatically.
Why you have not published any whitepaper or litepaper about the drift finace till now, are you working in it? or is it available already?
Hi Team, can you provide more insights about the BREAK STATE in drift finance, and why WITHDRAWALS ARE DISABLED in break state? Please explain about this
Referring to the activation percentages of each liquidity statement you mention that the developers retain the ability to change them if necessary. Why give a centralized approach to this issue and not leave these decisions in the hands of the community?
Tell us a little about the benefits you see in making a pre-sale with a token with 0 supply. Is it worth the risk? How do you convince investors to take this risk?
How many potential partners have you discussed with already for the Partner Liquidity Connector Program? What are they looking to see out of the program? Is there any concern that the ability to unlock liquidity will hurt this program?
Explain, please, I do not quite understand what it means “it will burn and lock received DRF.” I thought that if a token is burned, then it does not need to be locked?
We all know that liquidity pools have the disadvantage of non-permanent losses. Do You have a solution for this and if so how does this solution work? It is very important
How often can I rebalance with 1000 DRF? how does this process go, I click the rebalance button and that’s it? or am I being charged interest?
In which exchanges it is currently listed. Can you give information about listing in major exchanges?