We are pleased to announce our next AMA on June 6th 2021 at 01:00 PM UTC Time: Satoshi Club x Rikkei
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Rikkei Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Rikkei Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Rikkei
For more details:
Rikkei Website – rikkei.finance
Rikkei Telegram – @RikkeiFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How @Rikkeiefinance is going to change lending system ?
Is @Rikkeifinance completely safe?
Is @Rikkeifinance reliable for users?if it is then tell us about it’s pros and cons.
What actually do you mean by liquidation coverage?
Rifi.NFTs Dapps launching is of the best feature in Road map Q3 2021. Will this launching be going to built on your own network or will it be on binance network? Is it possible to trade easily our NFTs through Rifi Dapps? Which platforms will Rifi embrace, to host in Rifi Dapps? Do you expect to launch/create NFTs, conventional only to th Rifi platform? What are the benefits, users can aquired from using Dapps in your platform?Will NFT collateralized loan also intergrate to this system?
Mr. Dang Thai Hoa is the founder of Rikkei Finance which revolutionary DeFi platform, with the core is a unique Open Lending System: Cross-chain support, NFTs collateralization, and P2P Insurance. What is his idea about this finance platform?
Nowadays, Staking and farming protocal take place in most of the finanacial platforms. Will Rifi finance involve with staking in order to attract more customers,investors towards to the platform? If yes,What will be the APR or APY in your platform? What will be the minimum amount that we should invest to get a profit?
Rikkei.Finance is a revolutionary DeFi platform, the core of which is a unique open lending system: cross-chain support, NFT collateralization, and P2P insurance. Cross-chain technologies open a new horizon for collateral and asset lending. Can you explain the loan interest rate model to us? How is it calculated? How much profit does it bring to the market and investors?
The Rikkei interest rate model takes into account the cost of borrowing in periods of low utilization rate, as well as the cost of capital in periods of high utilization rate. Implement the use of NFT for your loans? What function is applied to control loans? How is the security of the lender guaranteed? Can you tell us a little about the development of Rifi.Insurance?
What are the assets that I can place as collateral? What are the interest rate modalities and what is taken into account when calculating? Is the cost of principal in periods of high utilization rate also taken into account for the interest rate?
It is very difficult to lend my money to people I do not know and much more now that technology has advanced so much but at the same time crime has also advanced. Can you explain to us how users can ensure their own safety using Rikkei? What is settlement coverage?
Rikkei investors and partners have agreed to provide a certain amount of liquidity to the system. The total number is quite impressive and will be shared with the community shortly. Could you detail us how much RiFi has definitely raised? Do you think that with this injection of capital they can start the development of the project or as time passes a new reinvention of capital will be carried out? How will the liquidity provision be distributed? Can you tell us what benefits will be shared with the community?
In the short term, they will not prioritize the benefit of the project, but will focus mainly on the purpose of the risk reserve, guaranteeing the security of the protocol as well as the users. In reference to long-term earnings, do loans have to do with the difference between borrowing an interest rate and offering an interest rate? How is this difference used? Do you think it could be a profitable business model in the short term?
Rikkei Finance raised $5.6 Million to build the first open lending platform with cross-chain support and NFTs collateralization. And big investors in the blockchain industry, including Signum Capital, HyperChain Capital, Kyber Network, X21 Digital, LD Capital and more invested to the project. Could you explain what mutual benefits will you get from these partnerships in the long term. Also what are the lockup periods and what is the token release schedule about this funding?
One of the drawback to the Defi lending system is that individuals can take advantage of loopholes in it for price manipulation, flash loans and hacks. This is becoming more alarming on BSC with contract hacks and flash loans gaining popularity recently. As a lending protocol on BSC, I read that you will implement a multi-dimensional security approach to preserve the integrity of your protocol such as using a multi-kinked Interest Rate Model rather than a Simple Linear Interest Rate. How does this allow you to handle the stress point of high borrowing demand which could create a mass liquidation effect? What integrated risk management models are you going to use to limit market manipulation such as price attack, flash loans and what control mechanism will you use to ensure protocol sustainability?
Currently collateral types supported on the current lending systems are extremely limited to stable coins and blockchain-based tokens. But you are bringing whole new idea with NFT as an asset to be pledged and borrowed. How’s the system with the NFT as an asset works? Do you support all NFT’s from different blockchains? And can people use their NFT’s to buy coverage for liquidation? Could you please explain this model in a nutshell?
NFTs have mostly be used as digital representation of art and also for buying and selling purpose but Rikkei Finance will support NFT as a collateral. The major challenge you may face by using NFTs as a collateral is how you will determine the actual value an NFTs because an improper estimation may result in under-collaterization, over-collaterization or non-collaterization if such NFTs was later found to be worthless. How will NFTs-as-a-Collateral work? How can users earn money by lending their NFTs? How will these NFTs be locked when lending and returned after the loan repayment? Who determine the price of these NFTs and how do you ensure that it is not subjective to manipulation?
Your core product centre around lending and P2P insurance but I have also seen that you will introduce at least 3 staking vaults which are Stablecoins Vault, Rifi Vault and Rifi/BNB Vault. Can you provide some details on these vaults and on what platform the staking are planned? What type of stablecoin will be acceptable in the Stablecoins Vault and what APY can we expect? And for the Rifi Vault, will this vault use a single asset staking to provide alternative for users who are worried about Impermanent Loss? Will the reward from staking only be limited to Rifi or will users earn some interest rate money in addition to this?
Confidence and security that cannot be gained overnight and are very important in any business. What kind of security have you put in place to be successful with Rikkei? What is the criteria applied for fundraising? Does my money have any kind of guarantee with Rikkei? How safe would my investment in Rikkei be?
You claim your project ensures system sustainability through a 5-phase asset selection process, which includes: Data crawling, Filter, Liquidity measurement and Ranking, Analysis and Asset selection, and Asset addition. Can you elaborate further on this? You also developed the Liquidity Ranking System that is used in the third phase. How does this system elevate your project specifically? How do these 5 phases make you the best, safest, and most revolutionary DeFi platform?
You said Rikkei Finance will partner with top-tier NFT marketplaces to deliver Peer-to-Peer NFT lending. Are there any partnerships already in the works? Can you reveal more about them?
One notable feature of Rikkei on your website is the Unique “double-threshold” lending interest rate model that you are said to be implementing, which is intended to bring a wealth of benefits to the market and investors..so how does this unique model work, what specific kinds of functions does this model perform, and what are the expected benefits that this model will bring to the market and investors.
Rikkei is implementing The First-ever Liquidation Coverage system which will give users the opportunity to ensure their own safety by purchasing coverage for liquidation in their vaults. How can users purchase coverage for liquidations on Rikkei, what do they need to be eligible for the purchase of liquidation coverage, How does this your Liquidation coverage System differ from that of Traditional banks, and how is the liquidation coverage ratio (LCR) determined for users who intend to purchase liquidation coverage
In Rikkei Finance Unique “double-threshold” lending interest rate model brings a wealth of benefits to the market and investors.Please can you tell us what the Unique double threshold is?And what wealth of Benefits will it bring to the market and investors?
On your website i noticed a ‘Developers HUB’ tab which at the moment is not active as the website says it is coming soon, no other information was provided about this Developers Hub, so what details do you have to give about this upcoming developers Hub, what will developers be able to do in this hub, how will this Hub be of benefit to developers, and will this Hub only be useful to Developers
Since Rikkei Finace is building a decentralized system for frictionless borrowing of any tokens with cross-chain compatibility, allowing proper money markets to function and creating a safe positive-yield approach to store assets.What great impact will your platform have on the Defi ecosystem now and in the future?
In your Roadmap Q2,i saw that there will be a Development of NFTs Dapp and its Launch of NfTs Dapp in Q3,is Rikkei not launching NFTs Marketplace considering your lending protocols or will they want to work together with other NFts?Do’nt you think it involves lots of attention and so much work for you and your team to have such an indefinite lending period?
One of the killer features that Rikkei Finance offers is its Cross Chain feature, but you don’t mention which are the chains that you support, so can you tell me how many networks are you able to work?
I just realized that Rikkei Finance applies a Innovative implementation where NFTs can be used as collateral and borrowing, so how do you guarantee that this implementation will have the same performance with NFTs as Stablecoins?
I realized that approximately 30 % of all supply is going to the rifi foundation, so considering that a foundation is a non-profit organization, what will be the usage to those funds?
I read on your white paper that the RIFI token can be used to payments, Governance and reward, but apart of that I re laad that can be used to premium insurance, so can you speak us a little bit more about it? Which other premium services do you have?
Your project has increased the scope of the collateralization market by including NFTs and allowing them to be used as collateral for a loan, how different are loan transactions with NFTs? How is the interest rate model being a non-fungible asset and can this service be connected with external NFT markets?
I see the main mechanism of your cross-chain support is based on the use of wrapped tokens, can you tell us which currencies are accepted and which platforms do you intend to connect to with Binance Smart Chain?
Rekkei.finance support NFTs as collateral which allows NFT holders earn by lending their NFTs and there are 2 NFTs lending cases that we support on the RiFi platform which are:an NFT holder seeking a loan and a user who wants to borrow NFT. Can you please explain in details how this two cases work? How will RiFi platform match an NFT owner with a user who wants to borrow NFT?
There are projects that begin to join, but investors do not receive them and simply abandon them. How is this project going to manage its strategy to get the best place in the market and become the best token in the blockchain world?
And what is your strategy to convince investors to join the project you are currently working on? What advantages would it give us for rikkie finance?
Rikkei Finance is the first lending-insurance combination, does the insurance have an extra cost? How long would it take until the policy cover the pending payment, is it a 100% coverage?
At Rikkei Finance the lending process can have any collateral types including NFTs, how can NFTs work as collateral of any currency if they are not fungible? The amount of the currency that can be lender would depend of the momentary price of the NFT complete
on the Rikkei Finance website, “Taking NFT to new heights: NFT as an asset to be pledged and borrowed” can you explain in more detail about this point? how is your team able to work and achieve it, who is the professional on your team?
am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?
The sole purpose of implementing the AMA is to get a wider audience for the project which will result in a massive investment in the project. Nowadays, investors are cautious about investing in projects because many of them get hold of projects they don’t even expect. What do you want to say to this community to convince them to invest in this project? Where do you see $RiFi Token within 12 Months?
What qualities & attractive features comprise your project that attract users to participate in your project?
Do you have room for experienced developers? I mean, are you planning to launch a Hackethon program to check the security of your project in stages?
Can you state what your roadmaps are for the next few years? And what are the important achievements you want to achieve?
The Rikkei Finance protocol is made up of two major assets; the supplying assets and the Borrowing Assets. The Supplying Assets helps Rikkei Finance users to supply their cryptocurrency or digital assets to the platform which can be used as collateral and to supply liquidity, whereas the borrowing assets gives users the ability to borrow assets from the platform. However, there are certain conditions to accessing these asset benefits, can you briefly explain what these conditions are, and the rewards for choosing these asset privileges, what types and form of asset instruments are accepted?
Looking at the tokenomics and allocation of the Rikkei Finance native token $RiFi, it is noticed that out of 500 million RiFi tokens, only a meagre percentage is reserved for public sale as compared to the other allocated sectors. Therefore, what informed this token distribution and allocation formula, what are the projected hard and soft caps of $RiFi, and when are the projected TGEs and will Rikkei Finance consider carrying out token burning as a way of improving liquidy?
Liquidity providers play an important role in your ecosystem and I discovered that they receive important incentives in the form of RIFI tokens, but also that these rewards go through various adjustments and correction parameters, can you tell us what they are? And how can it vary according to the contribution of each liquidity provider?
I was reading about the interest rate model you builded and it takes into account the cost of borrowing in periods of low utilization rate as well as the cost of capital in period of high utilization rate, can you tell us from where is obtained all this data and can it be seen and calculated in real-time? What makes your model so “effective”?
Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about❓❓❓
I love this project is placing importance on the community aspect. It’s something that I think is lacking in a lot of projects. How can us early investors really help $Rokkie Finance grow before it launches? From providing liquidity to general participation, what different roles are there when it goes live❓❓❓
As much as Dapps has a huge advantage over centralised system, they consume resources and time, how do you intend to reduce that in your project?
Can anyone join with your project or Are there any restrictions for some countries❓❓❓
Do you offer any way to contribute your project like bug bounty for a community driven project❓❓
What can we expect to see from this project in the short-term (at some point in 2021) and 2022 and beyond (long-term goals)❓❓
Do you agree that community is a key factor for the success of the project? Knowing that the project has had quite successful phases, but with future plans do you have plans to benefit some communities coming soon❓❓❓
One of the great feature of Rikkei Finance is a Decentralized Insurance in which you offer a first-ever lending-insurance combination to ensure the lender’s safety. So,can you tell us what instances and situations will be covered by the insurance offered by Rikkei Finance? As it is a combination of lending-insurance, apparently how does lenders become insured by lending in your platform? What company or third party partnership are you collaborating with your insurance purposes? Thank you
Many projects are in trend of integrating NFTs and creating own market place where it can be the real usecase of projects in the ecosystem . But Rikkei is not going to build any NFTs marketplace or going to support NFTs as a collateral only focusing on lending protocol. So how your lending protocol actually works and why you don’t want to build NFTs minting service tools and marketplace for it?
Southeast Asia is a very vibrant market and many project developed here so with your project what do you think about Southeast Asia and do you have any plan to develop here?
So how do we join and support this project?
Are you active on social media in promoting it?
What other blockchain does #rikkie finance plan to integrate to in the near future??
Rikkei Finance multi-kinked interest rate model makes the lending platform robust and sustainable.The lending protocol also ensures system sustainability through its 5-phase asset selection process, which employs a self-developed liquidity ranking system. So ,can you tell us more about the multi kinked interest rate model being implemented by Rikkei Finance? How does this interest rate become affordable to market? What are the 5 phase asset selection process implemented for the lending pprotocol of your platform Lastly,how does self-deployed liquidity ranking system works? If this ways be implemented and applied in lending protocol of Rikkei Finance,what do you think is the outcome and does your platform is open for feedbacks and suggestions from your lenders or clients? Thank you
Hi Rifi!
Can you explain in more detail your improved interest rate model please? Rifi says that its interest rate model allows for less cost prohibitive borrowing during periods of low utilization, as well as boosting liquidity providing incentives during periods of high utilization. How exactly do you solve these two pain points of the existing interest rate models on the financial lending market? Thank you!
Hi Rifi!
Rifi supports a variety of collateral types. You promise no restriction on collateral types supported on the Rikkei Finance platform. Users will be free to decide which assets can be used as collateral based on your asset ranking system. I am quite interested in the promise that apart from stablecoins and tokens users will be able to put their NFT assets up as collateral for a loan, or offer loans to other users on their non-fungible tokens. Can you share your secret sauce? How will your asset ranking system work especially when assessing the collateral value of the NFTs? Thank you!
Hi Rifi!
Please explain how the unfortunate event of liquidation works. I understand a user’s collateral may be liquidated if it falls below the borrowing threshold. After deducting the liquidation fee and covering outstanding debt the remaining collateral, is then returned to the user. How do you define the liquidation threshold, is it a dynamic value or fixed percentage that depends on the collateral asset volatility? You say that a liquidator can benefit from liquidating a collateralized position. How does one become a liquidator and how do liquidators know which positions should be liquidated in real time? Thank you!
I was interested in one of Rikkei.Finance functions: is the first-ever lending-insurance combination to ensure the lender’s safety. So, what is the peculiarity of your lending, what combinations do you offer users? Is it possible to close the loan early without charging fines, what currency is accepted as collateral? How is the lender protected from unscrupulous borrowers and is he protected in cases where the collateral currency becomes cheaper?
One of the sections on your site is not yet available – Developer Hub. How soon do you plan to open this section, what function will this section have, will it be intended only for the development team, or will the information be available to regular users too?
You claim that your marketing strategy is different from others projects. Rikkei are doing marketing not only to bring the project’s news to various/different communities, but also to create the intial token holders group. Can you explain more about your marketing strategy, why its unique and different with other project?
Southeast Asia is a very vibrant market and many project developed here so with your project what do you think about Southeast Asia and do you have any plan to develop here?
Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
How do you plan to spread awareness of your project in different countries / regions where English can’t be used well? Does you have a community approach for them to better understand project ?
As we know there are already exist big project from lending field like AAVE project and Compound in cryptocurrency. Do you think Rikkei can compete and survive from the competition? What are the Rikkei Finance main competitive advantages ?
During the project development, is everything going according to your plan? Are there any technical barriers that you think could pose limitations for mass adoption and expansion of your project ?
Rikkei Finance is an unique Open lending system with 3 core feature Cross chain support, NFT collateralization and insurance. Beside as lending project, i read that Rikkei also have staking system that possible to staking stablecoin in the vault. Can you tell us what are the reward or incentives by stake stablecoins in your vault? How the stake mechanism work?
Rikkei Finance takes over all lending platforms by making borrowing and lending unique and easier. Cross chain transactions have been set to no limit. This feature makes me feel uneasy because overloading user traffic may occur and transactions might fail. Can multiple transactions be made at the same time by multiple users be carried out perfectly? How can RikkeiFinance make sure that users does not abuse this feature?
DApps are now used to make crypto easier. Rifi Lending DApp will be launched soon. What will be the primary service that this DApp be offering? Why did you chose to build it on BSC and not on other network?
Waiting for the outcome
As a lending system, how do you solve a issue of borrowed funds not been able to be paid back? What detamins who to be eligible for this service?