We are pleased to announce our next AMA on January 25th 2021 at 02:00 PM UTC Time: Satoshi Club x BT.finance
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join BT.finance Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. BT.finance Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about BT.finance
For more details:
BT.finance – @btdotfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What is the Benefits and usecase of BT token?
also Is there a BT Staking program to encourage investor to hold token for lon gterm? How does this mechanism work? And how do we participate in the staking plan?
*Lately, many projects have resulted in fraud. As an investor, you must be careful in choosing and investing
Q1. Briefly tell us that this project is not only profitable but it is a very good long term project that is true and is not deceptive?!
*Initially the new project was starting to be known to many people, but a few months later it experienced a decline so that prices were unstable.
Q2. what will the team do if that happens? because both parties must want to benefit from it?!
*Q3. As customers we are used to profit and loss. As a project provider please tell us that risks in doing business will definitely occur and explain not to worry about this project because your team can handle it?
With all the yield farming hype, a lot of tokens are offering rediculously high APY on liquidity staking. How does the BT FINANCE compare, and why would a investor choose it over other yield farming opportunities?
I want to learn more about BT FINANCE but very little information, the community is relatively empty and little information is shared. What strategy does the BT FINANCE team have to develop the community and retain users for the long term?
When talking about DeFi space, people think about specific terms such as lending, derivative, stablecoin, user’s credit score and smart contract-based asset management right away. Which specific DeFi product is BT FINANCE offering or are you offering all of them?
STAKING is very popular topic recently. Please tell us in detail about the $BT Staking plan and the benefits of adding staking?
According to your marketing plan for Q1 of 2020, BT.Finance will initiate a twitter KOLs to promote the project. What does “KOLs” means and how does it helps the project in promotion?
There is a withdrawal fee on your platform which cause users 0.5% – 0.1% depending on the timeframe. Where will the commission go then, to the devs’ wallets?
I can see in your Stable Profits Pools that $BTC is not included. Why did you not include Bitcoin there or are you planning to add it later on?
I can deposit usdc on your platform and receive 63% APY. Where is it coming from? How is it possible to get such high return from staking a stable coin?
I understand that you have already completed the first audit and the public beta time, this process was completed within 5 weeks. What code does BT Finance implement in your chain so that the connection between other projects can be achieved?
I understand that the audit is still pending with PeckShield, they claimed that the report would come out by the beginning of January. I do not see any content of this audit on your website, could you expose it a bit?
My understanding is that the total supply is 270,000 BT tokens and this will be fully distributed without mining. Could you detail how is the distribution of the total supply?
The Vault is divided into 3 groups, stable Profits pool, High Performance pool and Smart hybrid pool. Is this aimed at all users with different risk tolerances? What is BT Vault v1 for?
You last activity on Github is Jan 5th, 2020. Why is there no more activity after that? Is everything working and on schedule?
For a long-term growth token, it is necessary to have a business model and technology applied in practice. 1 So business model based on B2B, B2C or C2C?
What is the team’s idea and future solution vision for development?
What is the token based on and is there a limited or minable supply?
It's written on your website that you plan to buy insurance in order to protect the assets of the users. Are there any confirmed partnerships regarding this? Also, will you cover 100% of the assets? If less, what will be the amount?
I saw that you have some withdrawal fees. Can you tell if the fees apply to everyone, even if we hold the token for many months? Also, where are this fees going?
Your pools are devided in high yield pools, smart hybrid pools and stable profit pools. Tell us about the features and the differences between them
BT.finance has 3 Vault pools which are Stable Profits Pool, High Yield Pool and Smart Hybrid Pool. What are the risk tolerance level of each pools and what are their reward potentials? IF vault 1 allows users to earn $PICKLE and $FARM token from pickle.harvest and harvest.finance, What do we earn from the Vault 2 and Vault 3pools? Also, since pickle.harvest and harvest.finance protocols are different from BT.finance, are these farming done directly on your protocol with BT token or user will have to transfer their assets to these protocol and farm there?
Your Total token supply is 270,000 $BT and you have allocated 210,000 for yield farming, 40,000 Dev fund, 10,000 Gov fund and 10,000 for operations. No token is allocated for community reward or incentive program. But from your medium update, you will be doing twitter giveaway in Feb and Airdrop event in March as part of marketing plan in the first Q1 of this year. What token will you be airdroping? If it is $BT, from which of these allocations will the Airdrop token be taken from and how will the giveaway and Airdrop event look like? Will it be for HODLers or it will be like a bounty task reward which is open for anyone to partake?
I read that your protocol provides better security compared with other DeFi yield projects because it provide extra insurance besides security audit. What are your insurance policies and how are these extra insurance cover provided? Is it that you create a separate insurance pool to cater for smart contract failure and security hacks or this extra insurance is similar to the P2P insurance provided by COVER where users buy insurance product which can be used to hedge against risks due to smart contracts’ fallacies? Will users have to buy insurance products or premium in order to be eligible for the extra insurance provided by your protocol?
Presently as at today, can we possibly use your token in real life for payment?
There is a vault for a group called the Intelligent Hybrid Group, what does this stable earnings group consist of and what risks should users accept when choosing this group?
I have read that you designed a block of vaults for stable profits but I dont know how these profits work, because there is a vault for each group of stable profits and how they relate to each other within BT. Finance?
Ethereum is a network that has very good potential for performance aggregators but sometimes some returns are not sustainable for tokens. What technology does BT.Finance use to guarantee sustainability to the tokens in addition to the potential it obtains thanks to Ethereum?
You say that you are a community run project, you believe in gradual decentralization and aim to turn the protocol into a DAO over time. But how about now? Who is making the decisions and can they be vetoed somehow
I want to learn and understand more about $BT FINANCE PROJECT but the information is limited , the community is relatively Seems not filled and less, what strategy does $BT FINANCE PROJECT team have to develop the community and maintain long-term user ?
As you know COVID-19 has a large impact in the crypto Market, So How can your company maintain #BT FINANCE project and also the team that are working hard during this pandemic?
As you told in your telegram group that your new $farm strategies contract has been grey listed by harvest.finance, so you changed it to farm $Pickle. Can u tell the reason that why your contract has been grey listed and why you choose $PICKLE farming after that?
What is the user referral system that BT Finance has employed within your project? What is the reward scheme you have assigned for users who have more referrals? What percentages of profits will be awarded? Can you tell us more about this and how easy it will be to use your program?
In the past two months, BT Finance went through audits and adopted new strategies. What are the new strategies you have developed to provide users with a secure and high performance mining platform? How will these strategies increase the attractiveness of the platform and get more miners to join BT Finance?
What is BT Finance’s financial marketing plan for the first quarter of 2021? What impact do you expect to have on the crypto community with your plan? What are the new countries and communities you want to enter in order to raise awareness of your platform globally?
In the pools of your farming is included #Pickle this project was a victim of Hackers and currently suspended its staking and now has liquidity problems in Uniswap every day it has less it can be the next Rugs Pickle, because you choose Pickle if it currently has problems with staking Or what is the mechanism that you plan to use to obtain the best benefits from the pools that you name in the medium Sushi, UNI tell me a little about how your farming system works, especially pickle with these problems?
almost 2 months since it was launched on the ETH network, what is the future of $ BT knowing that 50% of the capacity is in the hands of its shareholders?
I know very little about buying insurance through DeFi platforms, and I know that you want to buy insurance funds, what are these DeFi insurance funds all about and what benefits do they offer for the security of your assets?
Without a doubt, it is good to have the support of the Pickle and Farm tokens for the negotiation of your services, but why do I prefer to base their services on two native tokens and not on a central token that unifies your cryptography? When BT Token?
I was reading about the BT Vault v1 and I saw that it can help me earn pickle and farm tokens, but these tokens belong to other finance platforms, what relationship does BT.Finance have with Haverst Finance and Pickle Finance tokens?
How do both tokens benefit the development of your ecosystem?
DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?
Do you think DeFi will destroy the existing financial system?
What is your project Approach towards DeFi?
Security & User Interface are the Most Important Aspect that Users see on a platform. How has Your Project worked on this? Is Platform suitable for Newbies in the crypto world?
How do you intend to revolutionize the financial services? What is the long-term vision of Alice as a project?
On telegram you said BT token will be distributed with no pre-sale, no pre-mining and no mint. Any reason for this action? As I know presale is an effective method to raising funds for the development, if no presale how did BT Finance gather fund for your project?
Due to the nature of DeFi, many protocols are built and developed by small teams with limited budgets. This can increase the risk of smart contract bugs. How about smart contract from BT Finance? Is it safe and already audited?
BT.Finance promises to create an insurance fund from the governance fund, although perhaps the BT Finance protocol needs a little more coverage. How far will this future fund take care of the protocol and what participation will the community have in this?
Finding financial advisers to strengthen the development team is one of BT Finance’s current needs, what system does BT use to execute the community’s decisions and how are the voting processes?
One of your articles on Medium says that BT Finance sometimes needs to carry out audits through external platforms, what has happened to your security system in relation to these evaluations and what results have they obtained so far?
In February, you plan to launch several giveaways on Twitter, and in March, a giveaway for BT users and partners.
From what sources will these funds be allocated and what conditions will I have to fulfill in order to participate?
You have a reward program for your users. Can everyone participate in this program? What token will be used as a reward, how is it calculated and how should I then use my reward?
I found 2 tutorials on your site:
Tutorial for the USDC farming
Tutorial for the SLP farming
Are they written by your team or did you use ready-made ones as a template and adapt for yourself?
Why did you based BT.Finance on Ethereum Ecosystem? Why didn’t you choose an ecosystem like Polkadot, Cosmos or Huobi Chain?
We have February around the corner so, could you tell us more about the yield farming and DeFi platforms you are planning to list in BT.Finance this month? How many are you planning to add, and why did you choose them?
You said on your medium article “BT.Finance Marketing Plan for Q1 of 2021”, that you are planning to build relationship with more partners for DeFi projects. Which partners are you most excited about building a relationship with, and why? What does a DeFi Project need to be selected for a partnership with BT.Finance?
I read that The total supply of BT token is 270,000,will be competely distributed with a 2.7% reduction from the prior week until week 105, so after that period end what will happen ? How people and especially those who were stacking BT will earn their yield ?
Thanks
So Security is your first priority,you will have insurance fund to buy insurance from DeFi insurance platforms such as Nexus Mutual and Cover Protocol besides the third-party security audit , all of that will happen later , but stacking is already live! What procedures now are you taking for the security? Is there any missions for the security now as all of those mentioned protocols will be beside your project soon ..
Thanks
What are the advantages of DeFi BT Finance compared to all other DeFi projects in general?
I mean what is the difference between Defi BT and other DeFi Projects ?
Thanks
At your marketing plan for Q1 of 2021 you’re adding interesting educational options like farming tutorial and I might seen one already published. What kind of users are you targetting for these tutorials? Are you trying to reach new crypto investors?
Marketing in Asia and Europe is in BT.Finance plans for march this year. What are your plans to posicionate this project in those competitive crypto markets?
In your latest publication, BT Financing Plans says that you have invited great strategists from well-known securities companies. What are some of these companies that you have contacted and what proposals have you received so far in terms of development ideas?
Your Roadmap says that BT FINANCE is working to launch strategies related to algorithmic stablecoins. What are these stablecoins and how will this improve the performance of farmers?
What is the role of High Yield Pools within BT FINANCE and what benefits does this strategy model bring regarding the harvest of $ FARM and $ SUSHI?
I see %63 APY for USDC which is really high for a stable coin. How can you provide that kind of high yield and is this sustainable?
I see a vote page on your website. What’s the purpose of this system? Will you ask your users for example to how much yield rewards do you give for each token?
You have 3 different withdraw fee system that changes between 0.5% through 0.1% So what is the point of creating this system exactly? Can you reduce the gas spent on network with this?
In BT.Finance system the Vault is divided into 3 pools, why is that needed? How and why are Pickle.Finance and Harvest.Finance involved in this process? Also you mention about risk tolerances and insurance within this cycle. How do you handle them?
I haven’t seen BT.Finance in partnership so far. I am sure partnerships with several reliable projects will increase the credibility of BT.Finance. What are your goals regarding the partnership? and what kinds of partnerships do you need to support your vision?
I saw BT.Finance implement treasury addresses. Can we know how and in how treasury is managed? Where do the funds come from, and where will the funds from the treasury address be allocated?
BT Vault v1 will be focused on generating revenue in $PICKLE Token and $FARM Token, why precisely those two tokens, will it be like that in all versions or later you will be able to generate revenue in another token?
According to your documentation, most of the BT Finance code comes from YFI and Uniswap, what is the reason to use code from these projects, have you verified their security enough to rely on third party code?
BT Finance is committed to gradual decentralization. How long will the transformation from decentralized to centralized take? Who is leading the decisions initially?
BT.Finance aims to be the best and sustainable yield from other excellent DeFi yield aggregator and platform. I think I’ve heard that a lot. What is it that really make you different from others?
BT staking feature has a 89.23% of APY right now. Are these numbers good for your records? What are the advantages of staking $BT in your platform?
The BT token is a Ethereum Network asset, but BT Finance have considered expand the Frontier to more Blockchains like Tron or Binance Smart Chain?
In your stake section I just get noticed that there exists tokens Will the prefix “b” like bETH and bWBTC, so can you explain what are these types of tokens?
BT Finance said proudly that is the best Yield DeFi project of the moment, but can you explain how do you back up those words?
How many assets are available to use with BT Finance Right now?
BT Finance is a smart DeFi yield aggregator based on ethereum ecosystem for the tribute to Bitcoin & YFI. So what Are the Attributes of BT Finance? Also Why you launched BT Finance and who is the BT Finance?
What are the Key Features of BT Finance and why are you unique and different from other similar yield-farming mining projects out there? Can we also know how to Deposit and Stake to earn $BT in your platform?
May we know what’s The Total Supply Of BT & and Can you give us an overview of the details of it’s distribution & the emission plan? How about Governance, is there any plans for governance by the token holders?
Why is BT.Finance based on the ethereum ecosystem for the Bitcoin & YFI tribute? What does this system have that others don’t? And how can you provide sustainable returns for tokens?
What are the innovative products that “BT Vault v1” offers? Will there be a future “BT Vault v2” with new enhancements?
By depositing in stablecoins like ETH, WBTC, or another individual currency, would you really not have any risk of loss? How does BT Finance protect itself from ups and downs? And what would be the costs when entering or withdrawing with EHT?
I read in Twitter that BT stands for ‘Best Yield for Tokens’, can you tell us how much guaranteed yield you can offer to your investors? In what way we can earn such Best Yield, what benefits can you offer to a long term $BT holders?
BT offers to edge/protect against impermanent loss (IL). Can you kindly take me through what impermanent loss is and how you will solve or mitigate the risk associated with impermanent loss?
Am very much concerned whether the returns on BT pools will be high enough to attract LPs to the protocol and whether the fees generated on the protocol’s will be enough to offset the cost of insurance/impermanent loss?
Do you have an Impermanent Loss calculator on your website or a guide on how to calculate Impermanent Loss? Thank you!
Honestly I’m a bit confused with this details under every pools stated in your website” 0.5% within 24 hours, 0.3% within a week,0.1% after a week”. Can you explain to us what is this percentage all about? How this percentage being calculated? With this percentage being presented, if 24 hours can gain .5% meaning people will choose daily rather than weekly or monthly? What is the basis of the percentage given? Thank you
I can’t edit
For your marketing plan for Q1 2021 specifically in the month of March,there will be an Airdrop for BT users and partners. It will be exciting news for BT users and your partners for sure, so can you disclose a little overview about this airdrop? What will be the mechanics of this airdrop? What is the motivation and objective? Is this also applicable for new users and partners in your platform? Thank you
With this withdrawal fee in your pools which is 0.5% within 24 hours, 0.3% within a week,0.1% after a week. Can you explain to us how this percentage being calculated? What is the basis of the percentage given? So to pay a little fee,you have to withdraw after a week, so is this really fair for every users? Is there any minimum amount to withdraw corresponding with the percentage fee given? Thank you
Almost every project starts a pre-sale before going live. But you decided no pre-sale and no mint. Why did you choose to go that way?
How many staffs in your team?how it governed ? Pls describe briefly?
Vault is divided into 3 pools,which are the pools ?how it performs?
“Security is our first priority” .you describe it in medium.how you gives more securities to your users?explain it accuracy?
You are telling that you have 3 pools available for users with different risk tolerances. So how much risk are we talking about and what’s the most risky pool you have?
In your website “Security is our first priority,we will have insurance fund to buy insurance from DeFi insurance platforms such as Nexus Mutual and Cover Protocol besides the third-party security audit” What type of security does BT finance have? And how can we assure that the insurance funds is have 100% cashback?
“The project is launched by the community,It will run with Dao that is governed by vote of the community.We invite senior people in the blockchain industry and fund managers to serve as strategist and economic advisers to the development team” Speaking of the team, where can i able to see the profiles of the team of BT Finance and do you have working experience in past in crypto?
One of the main and biggest struggle in Defi Projects is on how to start farming. Literally the price will go down because the users or investors are emptying the liquidity into the farm. Is there any other way that can generate income or incentivization to remain and not just only farm and dump?
I see that main product from BT Finance is Yield Farm, as we know the biggest weakness from yield farming is easy to dump by your farmer. Most of farmer always think about profit and sell. How BT Finance convinced people to hold your token?