We are pleased to announce our next AMA on January 11th 2021 at 02:00 PM UTC Time: Satoshi Club x LayerFi
⚠️Click to see the hour
⚠️Total Reward pool: $600
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join LayerFi Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. LayerFi Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about LayerFi
For more details:
LayerFi – @LayerFiofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
75% of the tokens are reserved for rewards and only 10% for the public sale. Why you decided on such a small distribution for the public sale and such a big one for the rewards
What benefits do I get if I buy and keep $ LF long term? Also, what are the next exchanges that $ LF is aiming to list? Is there a fee required to buy $ LF?
The global cryptocurrency market is changing rapidly as attention is being drawn to decentralized financial platforms, which have been an investment frenzy this year. What is that redirection innovation for the decentralized financial market that Layerfi offers? How do they respond to membership services that have not been experienced on other decentralized platforms?
Although recent defi projects emphasize stability and profitability, it is easy to find cases where the balance of supply and demand under a high APY collapses and the entire project fails. What specifically did Layerfi rely on to overcome the great competition in the DeFi market? What services do you offer to the community?
The Layerdebi project basically focused on the value of combining with NFT in the Defi project, and the NFT card service is a core membership program for Layerfi and I understand that the card service is limited what are the features What do I have to fulfill to obtain this membership? What is the number of cards they are willing to supply and their classifications?
The public sale of tokens took place at the end of December, The dapp will be launched before the token sale. I understand that for the first quarter of 2021 they have planned to carry out the sale of memberships, does this sale already have an exact date? What do i need to participate?
Membership services that have not been experienced on other decentralized platforms will be issued on a limited basis by grade, divided into four classes (Black, Gold, Silver, Bronze) of ERC-721 type NFT cards. What risk does the client run when obtaining this limited membership? Do you offer any support in case this strategy fails?
When the LF card is wagered, annual rewards are received for the LF amounts required per card. In case I bet but then withdraw, almost at the end of the year, would I receive this reward?
In the event that you access the Reimbursement by degree of Exchange and OTC Market, what is the calculation based on? Can i get other services?
One of the advantages that will have the membership service offered by LayerFi, is that 10% of the revenue from transaction fees of the platform will be shared. How will these revenues be distributed among the participants of the membership system? Will there be an equitable distribution, or will it depend on the degree and class of membership (Black, Gold, Silver, Bronze)?
According to your roadmap, by mid-2021 LayerFi expects to start its collaborations with other DeFi projects and with real-world financial corporations. Have you defined so far which would be the first DeFi projects you would partner with? What aspects of LayerFi would you expect to improve through those first partnerships? Which companies would benefit from your services?
Although recent Defi projects emphasize stability and profitability, it is easy to find cases where the balance of supply and demand under a high APY collapses and the whole project fails. How will LayerFi attract more users among the countless Defi projects?
Will NFT be really valuable in your Defi project?
LayerFi provides:
1. Finance – Farm & Stake.
2. NFT – Membership Card.
3. Exchange – NFT market and initial sales.
How effective are these services in your platform so that it allows investors to feel a sense of belonging, deposit assets in a stable manner and use NFT effectively?
How will the LayerFi membership protocol dramatically address the user management, which is a problem of decentralized Defi, and provide users with benefits based on their degree of membership in Layerfi Finance? How will these benefits be stratified according to the degree of membership?
Is there any inspiration from you to increase the market value of the current NFT? considering that currently NFT is still popular as a collection or meme. Can we know what Layerfi’s vision is for the future of NFT?
Please explain more about Layerfi NFT-type membership cards, how much grade levels are issued and what are the benefits for leveling up my grades. Also depending on what level do you determine for each grade?
How much APY can I get from stake at LayerFi?
What is the price of your token during the public sale? When will the public sale be held? And where can I buy your token?
Can you please mention the various benefits that Layerfi will provide to users based on their membership grade in Layerfi Finance?
In order for a token like the $LF to become a success in the crypto ecosystem, it has to have some utilities that will attract users. Apart from governance, what other utilities does the $LF token have to make it become a success? And I will appreciate if you can delve a little bit into its tokenomics. Thanks
– LayerFI has set aside 2.4% of its total supply as Liquidity Locked. Can you tell us on which platforms these tokens are locked? Only on Uniswap as LP?
– When using the Layer Finance platform there are only 2 pools, LF/ETH and USDT/ETH. Why are there so few options? Do you plan to increase the number of pools in order to diversify the platform?
– How does Layer Finance’s NFT stake work? When I want to staking my NFT, it tells me to select a card, can you explain what this is about?
It called my attention that a 75% of LF token is to rewards. How does the whole LayerFi ecosystem can work around that huge percent of rewards?
LayerFi’s team are experienced with other platforms like Sperax, Uranus, Lucidity. What knowledge that you’ve adquired with this previous experiences helped you to build LayerFi?
Could you explain to us what kind of NFT cards are within your platform and what are their functions? Finally I would like to know what is their value and what do we need to acquire them, thank you.
Most of the projects that work with NFT are focused on art cards designed by well-known people in order to collect them, however your approach to them is a little different. What is the role of NFT within LAyerFi? Why don’t you focus on art like everyone else does?
Which ones are those stable tokens that LayerFi is going to provide flexibility to? And how are you going to give incentives to users through LF Tokens? Will it be necessary to have a LayerFi NFT Card in order to receive this incentives?
On your roadmap, you say you have planned for 2021 2Q to launch a Custody Service, how is this service going to work exactly? Will it be available for every user or just for those who have the best membership cards? Why did you decide to launch that service that far away and not from the beginning?
What is your relationship with Sandbox? It is a pretty popular and awesome project. It is good for your image to be partnered with them
What other platforms are you going to Interwork with, and why those? Which ones are you really looking forward to interwork with? What does a platform need in order to be working with you?
NFT Staking is an innovative idea. But how does it work… In a common staking you stake a preselected token, but there are many types of NFTs whose value might be different in different environments, such that they are usually sold via auctions. So, can I stake any NFT I want, if yes how is the value of staked NFT determined? Is the APY fixed for all NFTs? Are the rewards distributed as other NFTs or fungible tokens?
what will be the advantages or benefits would the users have combining the Decedntralized Finance and NFT’s??
What innovative features will be seen in your NFT marketplace? In your opinion, what shouldn’t miss a “True NFT Marketplace”?
Everything is layered in LayerFi, but how is this project planning to be scalable in time? Can you share an illustrative roadmap?
I read LayerFi ecosystem has governance program, my question, Do as we investor of LayerFi token, do we have the right to participate in the decisive of project? On what kind of decisions can they vote on about the project?
LayerFi NFT card has different kinds of membership, Can you tell what are the differences and benefits of those membership card? And as a newbie in your platform can you suggest what is the best card for the new user?
LayerFi is using NFT, what and where do we get the NFT? What are the benefits will provide to the new user?
Layerfi will be creating a Layer Pool
with Flexible supply of various types of
Stable coin and token…pools of what stable coins and Tokens will you be creating, and how will the Stablecoin or Token for these Pools be selected
Given the endless ways to distribute a token, which of all the ways you sent users was the best in terms of speed and liquidity?
Regarding the way to operate the tokens, is there the possibility of trading with all the currencies in the market?, or only with those that exist in the platform?
What do you mean by saying that the token does not degrade with its use (Not fundable)?
You talk about layers, but not in the sense that it is generally applied in blockchain, but rather that it is applied to your products. What is the reason that these services present them in layers? What is the idea behind this?
I understand that the central objective of LayerFi is to connect NFT and DeFi, right? How do they really do this?
I found ou that NFT membership token available on Layer Finance?
Can you share benefits and requirements of this membership ?
Can you share some benefits Layerfi NFT Card? What is criteria to get this NFT card?
There are a lot of Defi projects that have issued NFTs recently Layerfi doing the same.so what plans you have to make it unique compare to others project out there?
The Layerfi website do mention about the NFTs and the LP tokens related to the presale, so considering your Governance system, Which token will use it as ” Governance Power”?
Layerfi is a very young project with a very good ideas to the Blockchain, so can you tell us what are the works or marketing plans to create more “visibility” among DeFi users?
Currently so many NFT related has been appeared and the lack of use NFT is the impossibility of create a good or real use case, so can you explain how LayerFi try to solve this limitation?
As a platform that has so many functions related to the use of NFTs, what are the thoughts of the team of LayerFi think about the fact that NFTs have been such a boom lately, do you consider it will last?
The rewards in LayerFi Pool are paid only in LF tokens, or can the payments be done in other tokens? What gives value to LF token as a reward currency?
The staking program of LayerFi can give revenues of LF tokens even for five years, what are the conditions to become a staker and getting rewards for that long? What made you take the decision of going for such a long term staking program?
What are the pairs avaliable for the LF token in the LayerFi ecosystem, only ETH or there are more? Do you plan to add more pairs soon?
Does the name ‘LAYER FINANCE’ have any meanings?What makes you to select such a name?Also Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Crypto people say that the next boom will on NFT after the Defi, Do you agree with this? And what are the plans of LAYER FINANCE to build on NFT concept/Technology ? Any future idea about NFT?
I have seen that there is an NFT membership token available on Layer Finance. How can I get that token?Also what’s the benefits of that token?
Community is the keystone for the success of any project. My question is how important is Community and its trust to you? And what are your steps and agendas to grow your community and reach out users at a global level?
What is your most important goal that you wanted to achieve in 2021?
The structure of LayerFi’s Yield Farming, has an Ecosystem similar to a typical Defi project? How, when combined with an NFT token, does this model change? What aspects improve in yield farming when using NFT to obtain profits and generate liquidity?
What are the specifications of your project that makes you unique and different from others? Why should we buy/use LayerFi instead of other projects?
Can you list some great features of $ LF that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
How can LayerFi make the adoption of DeFi from new users easier, How much knowledge do I need to use DeFi applications with LayerFi ?
Within LayerFi there are two protagonists, the LF and the NFT. What is the relationship between these NFT membership cards and the LF token?
You comment that providing liquidity and stealing LP tokens can be rewarded with LF tokens for five years… What does “can” be rewarded mean? Is it something to raise or what actually?
Cryptocurrencies are still viewed with distrust. Can the NFT market change the current state of affairs, increase trust and attract new people to the crypto space?
Layerfi has its own card that can be used as Payment method with NFTs, so just for curiosity Which types of NFTs your Cars is able to support?
Layerfi will have their own NFT marketplace. Will this project have a cross-chain interoperability for its assets? Also, what plans do you have for partnerships in the future?
In summary, what would be the bases that support the FL token? What would be the objectives to achieve for the next 6 months?
In layer 1 of NFT agriculture, what would be the annual percentage (%) yield? And when betting LF what would be approximately the interest to gain by providing liquidity?
In layer 2 and 3, really Defi, NFT and the exchange
decentralized Layerfi NFT brings us benefits? What would all of them be?
What would be the commissions when buying or selling verified tokens in the Layerfi NFT market? And if I exchange multiple NFT tokens, what would be the approximate profit I would get?
What is the security system that Layer Finance uses? And Layer Finance keeps the transparency of its users?
How can I get the NFTs and LF tokens? Why cryptocurrencies or tokens could I change them? And what is the relationship that NFTs have with LF?
LayerFi is a very young platform which concept was formulated around 3rd quarter of 2020, just a few months ago. With this information, do the beta version already giving good results and how many participants are already testing your site?
Since its inception, the NFT tokens did not really have a real economic value, but was more of a relic, but now with Layerfi they will already have a real value? Based on what characteristics will each token be budgeted?
really why only develop a project for agriculture and NFT token trading purposes? do not have more tools for more utilities? or the NFT is the most important?
I understand that Layerfi seeks to “operate with verified non-fungible tokens”, but really, since there are hundreds of NFT projects, how do you know which of them are verified? and without being verified means that they are SCAM right?
Layerfi Wallet account special features that allow trading and farming of only NFT tokens? Or could it be done easily through other wallets?
Layerfi is associated (or soon will be) with NFT token creating projects? thus facilitating users to be able to generate income quickly by creating and selling their NFTs quickly? or will Layerfi only focus on marketing them?
How important is Layerfi’s relationship with SandBox? Are they highly related to their founders? or is SandBox only the first project that bets on Layerfi?
I have read about NFT membership tokens on your website, but do you really mean that new LF token holders will receive an NFT? or does it refer to a particular membership? Could you detail us a little more?
allocating only 10% of the LF tokens is not really very little? That means that it will not be a recommended tokens to trade, right? But why allocate 75% only for rewards? Is it because of having a totally different vision from the other projects?
What developments will be achieved with Pool and SandBox services in Beta V1, how will NFT membership cards and Stake services be implemented, how will you implement the compensation programs that you will determine in ensuring a stable project operation?
How will the ratio of monthly variable APY rewards to be provided by governance votes be determined and the liquidity supply that will be locked after the price increases after sales and token reconciliation?
Why will the NFT-based membership cards you plan to issue be degree-based and how will they be included in the NFT market service? Will it allow trading like NFT tokens in games like Opensea?
How to know if Non-Fungible Token is being verified? In Layerfi,what factors that we can base about the legitimacy of NFT? If token is not verified, can we trade it with Layerfi Marketplace? Thank you
Can you explain more about the premium membership in participating private sale in Layerfi? How to avail a premium membership? If you have a private sale, do you also plan to have a public sale or presale? Thank you
Can you tell us what is the purpose and usecases of LF token and Layerfi NFT Card?
There are many NFT marketplace that emerging today. What will be the advantage and benefits of traders when using Layerfi NFT Marketplace? Do using your MP gives more rewards than other platforms?
Usually NFT is a limited item and have unique design but as I read your website, Layerfi NFT is a card and we can get by buy from your exchange that mean Layerfi NFT is not limited. So what is the specialty of your NFT if its not limited and only have 1 design ( Card ) ?
I read that your NFT have different system reward for stake on each level, How is your reward Pool system work? Can you please explain about Layerfi APY differentiated reward ?
I just wonder why did you give project name “Layer” Finance, is there any reason for that name? And also from your tokenomics I read there is 75% of total percentage will distributed to your pool reward, isn’t this 75% too big?
Bet on your NFTs, increase your annual
interest rate!
How much progression does it increase when betting on NFT? And the bet can also be canceled, what then happens to the profitability in this case?
The Layerfi platform uses NFT. What methods can you offer me to get NFT: purchase, mining, can I create it myself?
The more tokens are minted, the cheaper they are. The situation is the same with NFT. Will you control the amount of your NFTs by burning them to increase value?