We are pleased to announce our next AMA on February 27th 2021 at 02:00 PM UTC Time: Satoshi Club x DeFi Wizard
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeFi Wizard Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DeFi Wizard Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DeFi Wizard
For more details:
DeFi Wizard – @defi_wizard
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Q1
Most projects have to go through certain difficulties and challenges, what difficulties do you face and how do you overcome them?
Q2
How do you evaluate the support from community ? What is your strategy to marketing and for Mass Adoption ? What message do you want to send to community through AMA to day ?
Q3
Too many projects explain great things but never release any working product or prove any revenue. What makes degi Wizrd different from other projects?
I read that DeFi Wizard currently supports Ethereum, Binance Smart Chain, xDAI, Matic, Elrond. Do you have plans on adding more blockchains to your support list? I noticed that you don’t support Polkadot, Cosmos or Huobi that are another big blockchains. Any specific reason on why you don’t? Do you have plans on supporting them too? If so, when will we see it happening?
On your tokenomics you have 20% of it to marketing, but still, I feel DeFi Wizard is not very recognizable yet, so, what marketing plans do you have to grow your community and popularity? What are your most immediate plans and your long term, slower plans to reach this goal? Also, don’t you think 20% of your tokenomics is too much for marketing? we usually see a 5% or 10% to this part, why did you decide this amount?
On your roadmap for Q3 2021 you have as a goal “ Vesting Contract with CSV Import”, could you tell us more about this? What is this vesting contract and what benefits will bring to DeFi Wizard and to its users? Why did you decided to add CSV import on your platform?
Just like a powerful wizard, DeFi Wizard platform will allow the creation of tokens and smart contract with only one click. It’s really lovely, but on a second thought, am somehow concerned. Looking at your pricing scheme, it only cost $200 to create a token contract. This means anyone who has a good or bad intention can easily create and deploy a token contract. Do you have mechanism for checking the type of tokens which are created? Are there ways to limit how bad actors can use Defi Wizard to increase the population of scam projects and proect?
The public distribution of your token will be held on March 1st through an IDO that will run simultaneously on two platform: Bounce and FalconSwap. Why are you using two separate platform for distribution at the same time and which of them are you allocating more tokens to? In addition, Since the IDO will only be accessible to whitelisted public addresses, what are the eligibility criteria and procedure to follow to get whitelisted? How is the final selection of qualified participants done and what model will you use to ensure a fair and even token distribution process?
You have said you are not a whitepaper project and truly when I search your website and repository, I couldn’t find a written whitepaper or road map. However, your Defi solutions have already been adopted and used by over 5 projects in their MainNet (including Nord Finance, Delta Hub Capital, ZeroSwap). So can you tell me what is unique about Defi Wizard and the solutions you are bringing to the Defi space? How do you run seamlessly even without a whitepaper? What is the scope and current focus of your project and in what direction are you heading in the immediate future?
Q1) Why did you choose Stakins over joining Hodls? In the future, do you plan to implement or add smart contracts on Hodl and / or allow users to make strategic decisions on the platform?
Q2) What year did you start considering DeFi Wizard and what do you think about it? What makes you dream about this? Are you planning to create and establish a headquarters for this platform?
Q3) Besides Ethereum, Binance smart chain, elrond, what other compatibility do you have on the chain or do you plan to have another compatibility?
You mentioned that The $DWZ token has three primary utilities namely: (1)Deflation via Fees
(2)Governance and (3)Liquidity Mining, what are the roles of each utilities? How does these utilities work in DeFi Wizard ecosystem?
Defi Wizard offer 1-click wizard for Token Contract, Vesting Contract, Staking Contract, BSC to ETH Bridge, and many more. But do you have company or project that already use your service? What are your customer already gaining from using your service?
I read from your twitter that Defi Wizard already raise $750.000 from Private Sale, Congratulation! Would you mind to share a little about your investor ? And what are Defi Wizard plan to do with the
fund, maybe for audit or list on exchanger?
Q1. Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project?
Q2. A good project always has competition and duplication of ideas. What does Benchmark think about this issue? What is the long-term vision of Defi Wizard in the blockchain market to keep up with the trends with technology, community and related issues?
Q3. Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
Q1.
What makes Defi Wizard different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of Defi Wizard tokens which attracts more Investors towards Benchmark token?
Q2.
various small or big coding mistakes can destroy the entire assets of LP. This is the biggest risk from agricultural produce. How will you and your team solve this problem? Has your smart contract been audited by the blockchain system?
Q3.
Can you introduce Defi Wizad’s financial overview? Will the design of the token increase and decrease with the success of the platform, does it include any scarce pathways, such as equity, storage, or burning? Can you tell about the niche, target market and broader market you’re targeting? What do the team think about the Asian cryptocurrency market?
Projects like NORD Finance, Vortex DeFi and MAHADAO are betting as investors on the success of DeFiWizard, what do these projects have in common and what does DeFi Wizard have to contribute to these projects individually?
It is great the Defi Wizard is partnered with Royale Finance to create an ETH-BSC bridge for them, can you tell us how secure are this connections created by DeFi Wizard? And what other iGaming projects are joining your features recently?
DeFi Wizard offers a wide range of services for building DeFi projects from zero, but I would like to know if you also offer the possibility of executing projects’ token sales or maybe crowdfunding? If not, have you thought about including this type of service?
It’s really exciting when we see different DeFi projects partnering to develop new ideas, so can you tell us about your current partnerships with other projects like ZeroSwap? Can you share with us some details about the work you are doing together? And can we expect exciting news coming soon regarding these partnerships or new ones?
I think the governance is a vital part of any DeFi project, so can share how it’s structured the DeFi Wizard Governance? What kind of decisions will be made by the community exactly? Is the governance already available to participate? If so, what are the steps to be part of it?
If DeFi Wizard is in charge of building smart contracts, creating ERC20 / BEP20 / EDST tokens and creating crop contracts, shouldn’t you focus on developing your DWZ token and your platform for people / users to see the potential of DeFi Wizard? and are motivated to invest in it?
Why do you mention that DeFi Wizard was created with love for DeFi? When a project is created with love, it focuses a lot of performance and turns out to be very pleasant for users, do you think they meet these characteristics?
Can I really create a token in a quick and easy way with DeFiWizard? Why am I only allowed to do it with these strings: ERC20 / BEP20 / EDST? Do they have any advantages or beneficial utilities for DeFiWizard?
DeFiWizard has a 1-click wizard features on its platform to provide for Token Contract, Yield Farming Contract, Staking Contract, ETH to BSC bridge, etc..How does these 1-click wizard help you to reduce recurring work for crypto companies?And what other companies are already utilizing yourr technology?What is so special with these 1-click wizard mechanism that makes it important in your platform?
The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space?
What do you think about solving issues that the DeFi ecosystem still can’t solve? and why this is the problem important?
In fact, DeFi has been growing at lightning speed. What is the problem you are solving for the DeFi industry today?
At this moment Decentralized Finance are in the highest peak in the crypto space..But the transactions on ethereum are congested, transaction fees are taking more elevated and more soaring..,What are the things that we can await to see for DeFiWizard to make difference to DeFi space?And what protocol or solutions does DeFi Wizard come up with to address the problems facing of Decentralized Finance?
What do you think is holding the DeFi space back? What is preventing the mass adoption of DeFi products?
As a DeFi influencer, what do you think of this problem with DeFi: Most people are gettin into DeFi for profits rather than improving current system just like with ICO’s, any solutions to improve this?
ERC-20 and BEP20 are both used as means of payment, Then ERC20 is more expensive, then why we use ERC-20 when there’s bep20?
There are already many projects which works on scalability for Dapps with Layer 2 solution ! So, How Your project proroades an optimal solution than others?
Most attractive and trending topic is DeFi, so do you have any plans for DeFi system? How do you overcome centralization in your blockchain?
Can you explain how Decentralized Leverage works, especially in defi? Can other dApps associated with your services be built from your DeFi?
The DeFi Wizard Public Distribution Sale IDO is launching on 1st March, 2021 on Bounce and FalconSwap. In this connection, you posted a lottery on your Twitter for a spot on the Whitelist.
I have fulfilled all the conditions of the tweet and I have a question! What are my chances of getting into the Whitelist? How will the winners be determined and, in case of victory, how will you contact them? If, for some reason, the winner gives up his place, will the other lottery participants have a chance, will there be a back-up additional list?
There’s a lot of new projects that decided not to work with smart contracts tokens since they allegate this kind is getting obsoletus.
Also, ERC-20 protocol is actually very expensive. What are the advantages of this type of smart contract? How can they benefit a project that is starting?
There isn’t much information in your web about this subject: user support. How can you solve the doubts or inconveniences of your users?
DeFi Wizard aims to redefine DeFi as we know it an it’s token economic model holds is a crucial part of it. What is new and never seen about this model? How it beneficiate the holders and also the stakers in both short and long term?
I noted in your token metrics that 24% of the tokens will go to the team treasury “with linear vesting over 12 months” does it guarantee the sustainability of the project for improvements and development expenses? How much funds are related to the team?
Defi wizard works like a dashboard to build DeFi smart contracts with a few clicks, probably easier than ever. The idea of making the development of SM more simple will definitely bringmore people to deploy their ideas with blockchain technology, but how much knowledge is required, at least as a minimal, to build a DeFi Smart Contract in DeFi Wizard? If it is so easy to make one, does it mean that the functions or efficiency of the SM are limitated to make it easier to deploy and use?
In the platform developers can create smart contract for ERC20 / BEP20 / EDST, considering that there are several options to choose fron to deploy a SM, is it easier to build a SM in one blockchain in particular? Does DeFi Wizard ha e cross chain features for the SM created in one blockchain to another?
DeFi wizard can offer the real time programmer analytics, what is included in this analytics, what os analyzed and how is it showed in real time?
In the platform of DeFi wizard users have the ability to generate audited smart contracts for their tokens, how are the SM audited, does it imply a third party? What aspects are audited, and how can tbe community have acces to it?
The smart contracts created on DeFi Wizard are able to support staking, yield farming, decentralized governance, cross-chain bridges and less gas. But also, DeFi Wizard is meant to make it easy to build a SM, so is it difficult to add so many features while developing a SM?
$DWZ is a governance token of DeFi Wizard ecosystem,, that holders can use to pay for token creation / staking contracts and yield farming contracts..In what wallets currently can store DWZ tokens? Do you have plans to reckon extra utilities and features for DWZ in your Ecosystem? What plans do you have in this year 2021,?
Looking at your roadmap, I have seen that you have a plan to integrate RioChain, Stake Rewards, Security Token Exchange in the first quarter of 2021, could you give us detailed information about this, what benefits will it bring to the users and to your project?
DeFi wizard allows users to create smart contract for ERC-20/BEP20/EDST etc by offering real-time programmer analytics. What security feature will be integrated in the creation of these smart contracts? Considering the volatility of Vortex DeFi, will DeFi wizard consider additional partnerships to yield effective gateway.
On their website they say that it is possible to create smart contracts and tokens in a few simple clicks, is it really that easy? And if so these are not more prone to hacks ? Developing something that lasts takes time.
To strengthen the adoption and accelerate the community growth, what will DeFiWizard plans or ways to rewards and benefits the LPs and your token holders? Also who is eligible to receive rewards in the platform and how can users buy your $DWZ Token?
What are the revenues on how you plan to monetize from providing the services of DeFiWizard? Also about Security Code, which is very important, is your token contract been audited from the start? What did you use & can you share with us any of your audited reports?
So about Investment & SECURITY, how insured & safe our funds? What security measures does DeFiWizard have in place to ensure that users assets are secure, as we all know investing & trading of any kind will always be associated with some type of risk?
What is the development status of the ETH-BSC bridge and can projects move their assets from ETH to BSC?
You mention that DeFi Wizard with a few clicks, offers real-time programmer analysis and allows you to create smart contracts for ERC20 / BEP20 / EDST, staking, agricultural performance, governance, cross-chain bridge, built-in gasless relay. How does this happen so fast with “few clicks”? Can you tell me how DeFi Wizard can achieve all of this very efficiently?
What is your strategy un order to reduce auditing cost with your solution? how reliable is defi wizard? why should a protocol use your alternative instead of regular audits?
Is there a difference between having a Multi-Sig wallet and a regular wallet? Can you explain more about the Multi-Sig wallet?
I was observing that DeFi Wizard is partnering with ZeroSwap to enable ZEE-LP stakeout on their platform. Can you tell me if this collaboration really helps its users to earn $ZEE tokens? Does it really provide full liquidity in Uniswap and Pancake Swap?
This project is a great idea, bc audits can be expensive. But in terms of Marketing, how do you plan to make this project known? How do you convince users and projects that they feel safer with regular audits?
I’ve been observing that the public sale IDO will take place on Bounce and FalconSwap at a 50:50 ratio. Can you tell me a little about what this is about, as well as other events that you have in mind as a project?
Do You plan to migrate from ETH to BSC? how it will be helpful to projects that will be launching on BSC?
Can you tell me about the collaboration between Royale Finance and Defi Wizard?
You say that thanks to this partnership, the cross-chain functionalities of ETH-BSC will allow cheaper transactions of up to 2 cents, so how do you make this possible knowing that the Ethereum gas fees that have become exorbitant?
I’ve been trying to test the initial part of generating a token and it says it’s coming soon. While this is one of the important features of the DeFi Wizard, could you tell me when token creation will be available?
You mention that they have “Multi-sig portfolio for projects”, but that wallet is exclusive only for new projects? If so, what are the differences between users and conventional characteristics to new projects?
I understand that they have a cross-chain bridge of liquidity in all areas, but could you really give us more detail on that “liquidity in all areas”? is it different from conventional liquidity?
You mention that you can “Create ERC20 / BEP20 / EDST tokens”, but that choice is made only by the token developer? o DeFi wizar decides which chain would suit it? Also, could you create the tokens with two ERC20 and BEP20 at the same time?
As DeFi Wizard only seeks to create DeFi smart contracts, does it mean that its tokens can only be traded on Dex? or they could be listed in Cex since they have been audited right?
For the creation of smart contracts for betting and performance cultivation, it is necessary to first carry out a study to know if the rewards are feasible, right? Because of this, DeFi Wizard will recommend which% to use?
In projects that have crosschains with Polkadot, they can connect many chains, so why can only DeFi Wizard only connect ETH, BEP20 and Elrond? why not connect them with others?
If really in just a few clicks you can create new tokens and smart contracts with DeFi Wizard that will not require gas, thanks “built-in gasless relay”, then why can’t another chain like ETH be able to quickly modify the use of gas and thus be more attractive? or can it only be modified in the original development of the project?
in their frequent questions on their website regarding the audit, they only say “yes they will be audited”, but could you really give us more details of that audit process? How long will it last and how will it be?
Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork. How important was the recently concluded fundraising round for Defi Wizard? What other sources of income do you attract to develop Defi Wizard?
Why does Defi Wizard will launch IDO in two different platforms which are the Bounce and Falconswap? Why do you choose Bounce and Falconswap? Can you tell us the advantage you have insighted for both platforms? In your whitelisting, what are the requirements and qualifications? For investors, can they choose both platforms? Thank you
To support your vision, a host of prominent blockchain investment bigshots came together and helped you raise a total of $750,000. These include names such as X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork. In return of their investment, what kind of effort and deal you have for the said prominent blockchain? With this very big amount, can you tell us its proceeds and in what way it can help to Defi Wizard platform?Since you have a bigger investors, are you also open to smaller investors? Thank you
On your website, I read: Vesting Contract with CSV Import.
What does this mean? What rights are transferable and what is the point?
Could you please give us some info on Defi wizard and royale finance partnership? How it will Benefit the users?
One of the services offered by
DeFi Wizards is their clients can create audited ERC20 / BEP20 / EDST token on their platform. Isnt an audit specially from a renown auditing firms comes with a good price too. What company will do all the audits for your clients?
It was interesting to read about DeFi Wizard DeFi dApps building system. I was touched by the issue of audits of smart contracts and there was a certain dissonance. While you write that your smart contracts are audited you won’t provide any auditing report after making the nessesary changes related to the project. I’m interested – who will make these necessary changes? You or the project? If you, why don’t you provide an auditing report. If the project, then what’s the point of this, if immediately at the exit the security of the contract are questioned.
Do you plan to support more block chains in the future, such as HECO, Polka dot etc. Why you choose ETH, Elrond and BSC from the very beginning?
The whiltelisting for dual IDO on Bounce & FalconSwap is still ongoing and you already have 35,000+ entries according to your telegram post. But only 6% of $DWZ tokens are set to release for the public sale. How will you select the participants here? What is the maximum investment allowed for the winning entry?
Defi Wizard private and seed sale already over but still have IDO on 28th feb, i read that you use lottery basis to pick who will enter whitelist for your IDO, can you tell how this lottery basis system work? Do we need to buy ticket like lottery and Defi Wizard’s team will choose randomly ? And also why not use FCFS (first come first serve) system for your IDO whitelist?
DeFi Wizards medium article stated that one of the key factors impeding the growth of crypto projects is the need to work with Audit firms “to get the audit for already audited code.” May I ask why you think a third party audit is slowing the progress of crypto projects? How will Defi Wizard address this.
I believe that any project must have an objective, or it must come to solve an existing problem. What is the main problem that you come to solve?
Any project would like first of all to promote the use of its own token. It attracts my attention that their prices are expressed in USD. Why are they not primarily expressed in DWZ?
In addition to paying the contract creation and governance fees, what other features do you plan to add to the DWZ token in the future?
When you decide to work with any project, do you require some conditions to it? Or just anyone who has the money can hire the services of Defi Wizard?
It is curiously striking to me that they expose their prices in $ when most of the projects express their commissions and costs in some token. Is there a reason for this? The price is indistinct to the value of the DWZ?
DeFi Wizard is a great platform which makes things easier, but up to what level? Let’s say I created smart contracts for tokens. Is that where you are done or will you keep helping more on the rest of the way? What will I need to do afterwards?
How to buy defi token?
Where you see your project on last quarter of this year?
What will be main target for people who are investors in this project?
What is the main goal of the project?