We are pleased to announce our next AMA on April 7th 2021 at 04:00 PM UTC Time: Satoshi Club x Coralfarm
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Coralfarm Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Coralfarm Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Coralfarm
For more details:
Coralfarm Website – coralfarm.finance
Coralfarm Telegram – @Coralfarm
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How secure is UCOIN?
What is the difference between single pools e.g. crl and double e.g. bnb-crl
Telegram username was wrong
Best practices to avoid scam and rug pulls?
How do you make the most from staking?
What is the main objective of the project?
Have you encountered difficulties when contacting NGOs?
Kudos to you guys at Coral farm for the effective use of our low collected feed to fund environmental actions and help rebuilding the coral reefs and protect the ocean, but i will like to know where the collected fees are generated from (is it our transaction fees or donations) and how many percentage of these fees are used because it was not really specified on the blog.
I read about the process you will use to burn coral coins and there was a statement about some fees that will be directed on a caritative wallet, please i will like to know how a caritative wallet works and what is even a caritative wallet with the reasons you are using the caritative wallet.
Hey @ coral teams, i will like to know how often you do your auditing like how many time a month with where we can gain access to the audit file.
Your Dex exchange is expected to be launched mid April and i will like to know how is it coming through, looking at the fact that we will be paying 0.196% transactions fees on every transaction we carry. Is there a breakdown of how the money is being shared for coral environmental protection and other marketing development.
I read of your recent plan to launch your DEX by the Q2 of this year in your roadmap and i will like to know if their are other platforms where we can swap or stake the CLR before the creation of your platform, another thing i want to know is the users benefit such as APY being given when a user stake certain amount of the CLR.
I read your blog and i saw the eagerness you have to collaborate with Non governmental organization, i will like to know how it is coming through and also how many non governmental organizations have you collaborated with how much has been spent on donations.
Also i will like to know the what i can do to create a partnership with coral reef protection organization.
At present we have the great problem of chain networks such as etherium that presents high commission rates to carry out a transaction. What token model are they trying to create to make the prices sustainable and combustion enough? Do they intend to replace the existing exchange today?
My understanding is that your team is made up of experienced software developers and DeFi stakeholders who want to contribute to BSC DeFi’s agricultural production movement and take it to the next level with real word use cases and positive impact. Can we detail a little what the “Eco-impact” model consists of and how it benefits us? Will a total DeFicon link with real world actions be achieved?
I have noticed from your various updates to the platform that you are working hard on innovative ideas and concepts about the DeFi space. Can you tell us a little about what the Rugpull migrant code is?
The demand for vaults is growing rapidly in the BSC space and CoralFarm is rapidly building one to enrich the coral ecosystem. What features does this future design offer? How will proceeds from the coral vaults be managed?
It is my understanding that you will be working with a world class artist to create NFT cards that will have use cases in the Coral Farm ecosystem. What benefits will I get from owning Coral NFT? Does this allow me access to all the vaults and reef?
At the top of Coral’s list is keeping the confidence levels of Lagoon’s farmers high. I understand that they will have an audited code. Can you expand this information a little more? Who will be in charge of conducting the auditions?
Getting in touch with many NGOs related to coral reef protection is a bit of a difficult task. Currently most cryptocurrencies still maintain an unattractive image for the vast majority of the organization. Do you offer assistance to users to be able to interact on your platform? Do you offer any programs to encourage the community to join CoralFarm?
For this 2021 they have added various updates to their platform to improve the experience of US users and improve the quality of the product offered to the market, but I would like to know if among these improvements is the insertion of new pairs to your platform? If yes, what are these pairs added and for what purpose have they been added?
I have a great doubt that at this moment it is eating me, I would like to know in case I am carrying out a transaction, could an emergency withdrawal be made? What advantages and disadvantages would this action bring me? What are the steps to make a withdrawal of this magnitude?
Can you explain the loss-free strategies offered by coral farm ?
I have a great doubt that at this moment is me feeling me. How to start cultivating with coral?
What benefits, it has coral to the user. How can I use it?
It is true that Coral has a method of reward to CRL holders to distribute them to NGOs.
Like Goose, they have removed a migration code from their contract, which was pulled from the Pancake exchange. Why is the code still present in the pancake swap contract and on github? How can you check if the deposit fee is compromised?
Our system requires users to deposit a fee when betting, so it is possible for the chef to change the deposit fee to 100%, thus taking 100% of the NEW USER APP. Is there a procedure to check the rate change?
From what I could read, its main objective is for the coral to be built under a scheme with a sufficient combustion mechanism. In my understanding, are you trying to create a perpetual deflation token model?
Hi Team, can you explain the benefits of the new Coral Dex and how progress is developing on this
Apart from making CRL a deflationary token that can be considered as securities, do you have any other reasons why you created this token/Project? What are the real life challenges this project is capable of solving? The real world impacts?
The Buying back and burning process is a very good way to maintain the value of the token. In the case of highbdemand, do you have a mechanism for balancing the process? I noticed you do more of burning than buying back. Will this improve the tokens value better? How?
It is in the news the imminent threats to coral reefs around the world, from destructive fishing practices to recreational activities, Coral Farm plans to create a fund to help this stop, are you going to create your own NGO to this end? What kinds of activities will you include in your agenda to make a positive change on the environment?
I saw on your docs that you aim to audit your code with Víðarr the Auditor in the short term, why did you choose them for this important task and not other security expert or oracle? Can you share a link to get to know them better?
Quoting your word thus : “The first profit-sharing DEX that compensate for its ecological footprint to eco responsible NGOs”. Which NGOs in particular is or would benefit from this? How will it really benefit the ecosystem without any form of fraud?
“As we are an enhanced fork of Goose farm…”
This statement and the code confirms that the Coral Farm Finance is a fork of the Goose Farm. In what way would the Coral Farm Finance outplay the Goose? What is the new improvement made to the Coral Farm and how wi it affect the ecosystem?
You’re trying to create a perpetual deflation token model, the Coral ($ CRL), that allows a sustainable price model with a sufficient burn mechanism. But, how do you plan to carry out the burn? What is the mechanism? How often? What amount?
You said 5% fee would go to the caritative wallet which would be used for charity. You also said if NGOs that would be receiving the charity token do not have wallet, you would use the popular Giving Block. The Giving Block do not support $CRL for now. What are your marketing plan in regards adoption and public use and better performance of the token?
Regarding to your liquidity pools. What are the pairs availables currently? Which does it have the highest APY? I’ve never done this, what are the main risk for liquidity providers?
95% of the presentations of new projects are covered by the BSC network, what happened to ETH? What do you think is the mortality rate of the projects in both BSC and ETH?
I read in a medium’s article that “You want to have a positive impact in the real world and that’s why you will use a percentage of the collected fees by your Lagoons to fund environmental actions, help rebuilding the coral reefs and protect the oceans”. It seems to me amazing! It’s the first time i read a project that thinks in the real world. When are you starting to do these plans? In which part of the world will focus the first actions? Can community contribute in a direct way?
You had a partnership with Supra Finance which opens a $CRL pool with high reward and opportunity to earn $SDO. What do you expect to gain from this partnership? How will it influence the tokens value?
It’s stated that Coral Farm also wants to save and support Coral in the real world. Can you please elaborate the relationship between the Coral Farm in blockchain and real world?
You mentioned about your partnership with finance supra. What is this partnership is all about? How is this related to $CRL?
Tell us about your fees distribution mechanism, what percentages will be distributed to the cause for saving corals and to the supporters of your ecosystem? What are the advantages for investors of contributing to your cause?
Tell us about your fees distribution mechanism, what percentages will be distributed to the cause for saving corals and to the supporters of your ecosystem? What are the advantages for investors of contributing to your cause?
You have a system of Farming with a Vault which contains a strategy automated, perhaps to reduce the circulation at the time and exploit the price of the token something similar to the system of YFI, I would like to explain to me a little bit more in detail which function to comply with this Vault in your project along with the farming/Staking, which represents for the support of the project and waiting for the Holders with this strategy since been making a number of changes during his career, and I am not very clear, if these changes will be within the platform or volverian to update in the week, since that’s really what ah been doing, this would be your roadmap definitive, these changes do it according to the community before doing so, or simply form part of your strategy?
CoralFarm is an ecological project, having a a center to contribute in the protection of coral reefs. Are you in contact with other green inititatives, or planning to participate in different ecological activities? Which ONGs is CoralFarm part of or supported by?
As a CRL holder how could I be contributing to the protection of Coral Reefs around the world? How and as part of the community of CoralFarm how else can we contribute?
CoralFarm is said to “create an strong burn mechanism that increases the token price constantly”. From similar deflationary projects created over time, we can notice that even with a high burn fee (3.9% for CoralFarm) this process doesn’t always guarantee an increase in the price of a token, what invariably gives a token the much needed liquidity is it’s general use and adoption. What other model is CoralFarm considering to guarantee a strong liquidity for $CORAL?
One of the many features that CoralFarm is currently working on is the Coral Vault which is a brilliant idea because it helps to enrich the Coral ecosystem. The design will be modelled in such a way that it will be taking a percentage of the profit from vaults to buy back Coral. What are the mechanisms to securing funds in the Vault, and how is this buy back percentage for Corals calculated, is it a fixed percentile?
Cryptocurrency is a fairly new concept to a lot of people and organizations. How do you educate NGOs on using donation crypto? Do you donate only certain types of crypto, if so, what is the reason?
Im check on Coralfarm’s telegram pinnedpost that you usually announced about token burn. may I know, did you burn token randomly or you have schedule time for burn? How does your burn system work in Coralfarm?
I read Web $CRL “we are implementing a positive environmental impact in our tokenomics”. Can you tell me more about this? How does it work and what benefits do users get from it? What is different from the other tokens we currently know?
On your Roadmap about the Auditing part, you mentioned there that your code will be audited by Víðarr the Auditor to integrate additional security resources as soon as possible. Some projects in BSC they prefer Certik, so why did you chose Vidarr? Also is there any plans to have follow-up audit after the first one?
CORAL is a team of experienced software developers and DeFi actors that want to contribute to the BSC DeFi yield farm movement and take it to the next level with real word use case and positive impact. I think this would be a great project, so can you tell us who are the team behind CORAL with their expertise and are you guys anonymous?
You are implementing a positive eco-impact in your tokenomics to link deFi with real world actions. So can you tell us how will you gonna accomplish that? Also what are your mission, vision and goals?
I see that CoralFarm already make partnership with SupraFinance and also create 2 additional pools CRL-SUPRA and CRL-FLP, can you tell us how many total pools do you have? What is SupraFinance contribute to CoralFarm project?
On the Web CRL says “NGO Partnerships: We are in touch with several related non-governmental associations”Does $CRL have plans to work with government agencies or private companies?If so, what role will they play in your success?
You said that Aggregators prefer to choose Coral Exchange because the costs are lower. Sounds good! But do they really make that statement? If so, where can we find them?
Coral Farm is a yield farming on Binance Smart Chain with an actual real world usefulness. So,can you tell us the actual real world usefulness of Coral Farm? Can you share some of the actual and real life use cases or application of Coral Farm? Thank you
One of Coral Farm’s final goal is a Coral Incentivized AMM. So can you explain more about Coral Incentivize AMM? How will you implement and applied this AMM in your platform? What will be the best impacts that it will brings to your entire platform,to community and to investors of Coral Farm? Thank you
Coral Farm are in touch with several non-governmental associations related to Coral reefs protection and intend to provide an easy solution to NGO to receive cryptos donations on a regular basis. Do the community have a say on which organization or NGOs the donation should go to? And how to check the authenticity of NGOs and that the address is really own by that group?
Owning Coral NFTs will give access to special vaults and allow to directly adopt a coral reef. This is nice idea, but how the adoption process will be implemented? And do the image or design of Coral NFT the same with what the owner will adopt in reality?
Hi Coralfarm
There are multitudes of yield farming platforms on different chains including BSC. Could you please tell us more about what makes CoralFarm stand out from the competition? What incentives are there for users to join the coral lagoon ?
Hi Coralfarm
Very interested to learn more about the NFT Gamification! I read that owning Coral NFTs will give access to special vaults and allow you to directly adopt a coral reef. What benefits will coral reefs give to the owners? Will users be able to stake NFT corals?
Hi Coralfarm
The idea of a charity platform for coral reef protection is amazing! I hope it works out for the benefit of the ocean. Tell us more about the NGOs that participate in this incentive, do you know how they plan to use the donations in order to help the reef?
CoralFarm Finance will also venture on NFT market which allows adoption of coral reefs. With the launch of Coral DEX, do you have plans to also create an NFT marketplace? You started coral reef protection campaign maybe your marketplace and the NFTs to be sold there will focus on nature and donation drives?
As I see you are collecting funds for NGOs into a charity wallet. And there are already two donations. Which currencies do you accept? Is it on your plans to add some of the revenue of coralfarm into this wallet? Also to which NGOs will you give out the money collected here?
i understand CoralFarm is a yield farm project, i also hear about Coral Reef Project do they have connection with CoralFarm since your project name is similar, or do they your partner ? speak of partner, can you explain about who are all of your partner ?
the most important thing that people or investor will see from new project is their security system, as i know CoralFarm still on early stage with 3 weeks years old. can you tell us how is CoralFarm security system, is it safe for user to farm with your project? How about audit smart contract?
Your team is behind the first initiative for the protection of the environment. We know the huge impact corals have on our planet. Do you plan to work with other NGOs that do not only deal with the seabed?
Bees, for example, which are really very important.
You write that you collect a 3.9% deposit fee. Also you say that 5% will be sent to caritative wallet.
Please tell me how does this work? 5% is deducted from 3.9% and fee = 3.9% or 5% is commission and as a result eposit fee 3.9 +5 = 8.9%
How do you plan to publicize your project in different countries where English is not commonly spoken?
ARE YOUR CONTRACTS REALLY SAFE AND RELIABLE, IF THIS IS HOW YOU CAN DEMONSTRATE THAT TO YOUR COMMUNITY?
How could/would you differentiate CRL to other yieldfarms?
CAN YOU TELL US A LITTLE KILLS ABOUT: RUGPULL’S MIGRATOR CODE. WHAT IS ITS MAIN FUNCTION AND WHAT IS ITS OPERATION BASED ON?
HOW CAN I START GROWING MY FIRST $ CRL IN CORAL ?, WHAT ARE THE ESSENTIAL REQUIREMENTS THAT I MUST FULFILL FOR THIS AND WHAT ARE THE BENEFITS THAT I WILL GET BY GROWING TOKENS $ CRL?
Are you planning to create a smartphone app (Apple and Android)?
What will happen if we reach maximum supply?
What is CRL’s advantage among other yieldfarms?
Are you going to release more launchpools? What are we going to expect with these pools? And how are you different with the other yield farms? Thank you!
What would happen after CRL reach its maximum supply? Does staking and farming will be removed?