We are pleased to announce our next AMA on June 29th 2021 at 01:00 PM UTC Time: Satoshi Club x Jetfuel
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Jetfuel Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Jetfuel Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Jetfuel
For more details:
Jetfuel Website – jetfuel.finance
Jetfuel Telegram – @jetfuelfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What are the challenges faced in this market, and how do you solve them?
About a month ago, there was a migration from GFCE v1 to GFCE v2. How did this event go? What Changes have been made to GFCE v1, what opportunities are open to GFCE v2 users?
Fortress Protocol is an exciting new credit and lending platform that is like a mixture of Compound and MakerDAO on Binance Smart Chain. Fortress Lending allows users to effortlessly supply assets to the protocol and begin to earn compounded interest for doing so. How can we use the Fortress protocol and how to supply assets to Fortress to earn compound interest and FTS tokens? What other benefits does supplying Assets to the Fortress Protocol offer us?
Just like that robe of many colours, your protocol is a platform with many tokens. The first one was $FUEL, followed by $JETS, $GFCE, $FTS and the latest is $WING. This multi-token approach can be confusing especially for first timers who may find it difficult getting the right token to use in interacting with your platform based on their desire. Can you provide some details about these tokens and the unique privileges they offer within your ecosystem? Which of these tokens is your main platform token that is suitable for general investment and why are there two governance tokens (FTS and WING)? And since it appears that you introduce new tokens every time a product feature is launched, does it mean you will be releasing more tokens in the future?
From the information in the Medium, I realized that in addition to many tokens: $ FUEL, $ JETS, $ GFCE, $ FTS and $ WING, there is also $ FAI – is a synthetic stablecoin created by the Fortress Protocol team, that uses an algorithm and is backed by a “basket” of cryptocurrencies to maintain stability. Fortress Protocol has also created the FAI Vault, to allow holders of FAI to stake their tokens for rewards. So what are the functions of the FAI token, how can we mint it and receive rewards? Is the FAI Vault’s interface clear enough, or do you have a guide to help new users avoid making mistakes?
One of your key product is Fortress Lending which you said is similar to venus and compound. You said loan supplier can earn up to 26.65% to supply asset while loan borrowers can earn up to 61% APY to borrow. How are you able to pay user to borrow and why is the APY to borrow higher than APY to supply asset for borrow? In addition, you said Fortress lending will also offer Leverage-as-a-service which will allow you to provide leverage service to Yield farms and AMMs. How will yield farms and AMMs use this leverage service to access your liquidity which will be used to boost their farming APY by borrowing from Fortress? How is leverage-as-a-Service designed to improved fortress lending/borrowing?
I am curious about you Fortress Protocol concept. What is the current APY you offer? Do you have seperate options for fixed and flexible savings? Can we get bonus rewards by earning interest in $FUEL? Further, how do you calculate our credit line? Can I borrow fiat against a collateral in crypto? What is the repaying time frame?
$FUEL has a 2% transaction fee on transfer. Where does this money go? Do you use them for the internal developments or will they be given back to the community? Is this 2% rate applied only for deposits and withdrawals? Or should we pay this fee when trading on BitMart too? With the BitMart fee, 2% becomes 4%! If this fee is applied for trading in FUEL/USDT pair, can you please explain about maker fee and taker fee?
Your Initial Jet Offering, IJO launchpad has an initial focus to help new project raise funding as well as give a liquidity and marketing boost at the nascent early stage of projects. From the information available on your website, only one external project (TRYON) has been launched on it and the last token to launch on your launch was FTS on the 20th of April. Some projects who applied for launching have complained on your TG of not being attended to. Why are there no sale activities on your launchpad? What does it take for a project to launch on IJO launchpad and what does buyers need to participate? Is this aspect of your project still important and working or have you shifted focus from this direction?
According to the whitepaper, Jetfuel Finance is an experienced team composed of 10 seasoned entrepreneurs. Why did you decide to be anonymous? We can build a trust on your project based on the expertise of the team. Can you let us know about the specialized areas of your members? Does their expertise relevant to your project? What makes them unique?
How does Fortress grant safe credits and loans? How is the procedure for granting such credits?
✈ Hi Jetfuel! ✈
I am impressed by Jetfuel’s attention to security, extremely important in DeFi! You performed audits for each module available on your platform: Vaults, Gforce, Fortress has not one but 2 audits! Can you share some findings from those audits rounds, were there any critical bugs found? How difficult was it to fix found issues, have you ever had to delay the release or redeploy the smart contract to fix critical issues? Thank you!
✈ Hi Jetfuel! ✈
I noticed two tokens, Fuel and Jets, on the Jetfuel platform. Could you please explain why your ecosystem requires two tokens and what is the main difference between them? What are the main use cases for Fuel and use cases for Jets on the Jetfuel platform? Can both tokens be freely purchased, sold and staked or earned via staking ? Thank you!
✈ Hi Jetfuel! ✈
Would you tell us about the Fortress credit and lending platform? What are its main differences from the competing lending platforms like Compound or Venus? Are you going to expand to other chains from the Binance Smart Chain? If so, will you be able to combine the liquidity pools from several chains into one huge pool on the Fortress platform? Thank you!
Jetfuel Finance is a fair launch deflationary yield agricultural ecosystem on Binance Smart Chain. It is an all-in-one defi protocol with various products. Can you detail what the products are? How are performance optimized? What are the characteristics of Jetfuel Finance vaults?
Decentralized finance can be very difficult to understand at first, but with constant practice we may at some point fully understand it. What is the objective that Jetfuel Finance provides for the benefit of the financial community? How do you simplify the complicated process of decentralized finance and in turn grow the assets of each individual investor? What markets is your attention directed to? What are the characteristics of JetfuelFinance? What are the products you offer?
Jetfuel Finance chose to use Binance Smart Chain because the platform is a perfect match for DeFi protocols. BSC has transactions that cost up to 50 times less and are completed up to 50 times faster than on Ethereum. Being able to financially justify auto-compose and pickup up to 50+ times a day, coupled with Jetfuel Finance’s highly innovative smart contracts, gives Jetfuel Finance the ability to truly maximize returns and deliver the highest earning potential in all of DeFi. . What are the factors included in the Jetfuel ecosystem? How does the financial system work the vaults, is it a manual or automatic mechanism, does it have to go through a filter? What are the qualities that these vaults possess?
As stated from available documents of the project, Jetfuel Finance recently launched a version 2 vaults that utilises a pretty interesting and new feature known as the “Zap” function, which would allow users exit or enter LP vaults using just BNB or any LP token of their choice. Can you carefully describe how the Zap function will intricately work within the available vaults providing a better feature to users, is the Zap function feature available on all of Jetfuel Finance’s vaults, and how can a user migrate from their current V1 vaults to the latest V2 vaults?
Why there are 3 different tokens in JetFuel Finance? What are the differences of $Fuel, $Jets and $Gforce? Are any of them are tradable? Which one will provide the best benefits when you hold?
As I see, it is possible to earn multiple income streams in JetFuel Finance. Can you please explain the ways of earnings? What should users do to start earning with JetFuel Finance? Do each token plays a different role in earnings?
DeFi projects are doing quite well with their unique offers. However, they should still prove their security level. Can you please give some information about the safety level of JetFuel Finance? Do JetFuel Finance already have an Audit?
One of the services Jetfuel offer is something called “Fortress”, which is a Decentralized Marketplace For Lenders And Borrowers With Borderless Stablecoins. Can you tell us more about this service? I also read it uses the “Overflow” method, what does that mean? What is this method for and what are the benefits users get from this being implemented on Fortress? Also, what advantages this method gives to Fortress over other Marketplaces that don’t implement it?
Jetfuel is specifically described as a deflationary yield farming system on Binance Smart Chain, and Jetfuel has been particularly clear in stating it’s reasons for building on BSC. However looking at your road map, Jetfuel plans to launch on the Ethereum blockchain sometime towards the later stages of project development. Therefore, why has Jetfuel opted to launch an Ethereum version of the project, would there be a somewhat cross-chain functionality for users to seamlessly navigate between chains upon launch on ethereum, and asides BSC and ETH, would there be other chains for possible consideration and future launches?
JetFuel emphasizes on being a fair-launch deflationary yield farming ecosystem on Binance Smart Chain. But my question here is, what does it mean to be a fair-launch project? Why is JetFuel such thing? What advantages does this bring to people if they use JetFuel over other platforms that are not “fair-launch”? Also, I’ve seen before other platforms calling themselves fair-launch as well, what makes JetFuel different from them?
One of the things JetFuel offers to people is the possibility of participate in Vaults on your platform, and also I read on your docs that Jetfuel is now releasing next generation V2 of such vaults using something called Jetfuel Flash, can you give us more information? What improvements will this new generation of vaults have comparing them to the ones that currently exists? Also, what benefits will users get from this Jetfuel Flash being used on the vaults?
I read that Staking your $ FUEL tokens on Jetfuel Finance earns you passive $ FUEL rewards, and in order to stake $ FUEL tokens, it is necessary to convert them into $ JETS. I would like to know what kind of benefits it brings to users to use this dual token mechanism and how it benefits the ecosystem of the platform, I also have the doubt whether as well as users can stake the $ FUEL token, they can stake the $ JETS token ?
Currently a large number of projects and platforms want to implement a credit or lending system for users to use, this are features that benefits both users and the platform. On your website I saw that there is a section called “Fortress” that will be directed precisely to this. I would like to know what interest percentages do you plan to implement in the credits, how will the lends work and approximately when will this feature be available on your platform?
My head spun when reading the utilities of the two tokens in your ecosystem $JETS and $FUEL, from what I understood, $FUEL is a transactional tax token and $JETS is a governance token that also serves for staking, but can you disclose about all the use cases of this tokens on your ecosystem, how to trade them and what revenues can the users get from them?
I saw you have incorporated Fortress IJO to your platform using a method called “Overflow”, what is it about? And what are the advantages within your launchpad feature? Also, can you tell us what differentiates your launchpad from others included on the Binance Smart Chain ecosystem?
According to the info in your telegram group and other social media, the projects JetSwap and Fortress are closely tied together. And this may seem like an obvious question, but I’d like to know, are both projects developed by the same team? If so, why did you decide to launch them separately instead of opting for a big platform that offers many features? And why did you decide to keep all social media for each platform under one account instead of multiple?
In today’s crypto world, it is considered a big advantage for projects to have support across many chains. As JetSwap is currently based on BSC, I’d like to know if you have any expansion plans and if you plan on launching on other blockchains like Ethereum, Polygon, and Polkadot? Also, what are your plans to promote long-term investments over short-term ones?
JetFuel Finance have multi token models which are $FUEL, $JETS, $FTS, $GFCE, and $WINGS. However, I only see in your Tweets that $WINGS are burned. How about the others? What is the native token among all these? Can you explain to us their different utilities and where can we get these as well as its benefits?
For Fortress Lending you recently provided a rate comparison for your Fortress against another high-performing platform, your rates look really good when compared, but in that post, you mentioned something that caught my eye. You said users will get ‘Paid to Borrow’, and I’d like to know exactly how this feature works. What is the mechanism behind it? What do users need to do in order to be eligible for this feature?
JetFuel Finance offers various vaults in its website. However, it was not specified how we can earn with these vaults. As someone who is only a beginner to the cryptoverse, what advices can you tell us to be able to get familiarized with JetFuel Finance? Is your platform user friendly? What introduction will you make for us to be interested with JetFuel?
Can you briefly give us an overview of what shall we expect in your IJO (Initial JetFuel Offering)? What specific benefits can we get for being an early holder of your token? What is your next step after this IJO? Upon your next steps, what milestone will you be aiming for next?
What is the strategy used by Your Project to attract new users and investors and keep them in the long term?
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
A lot of scam projects out there, guess what guarantees that your project is different from them.
JetFuel Finance launchpad is an unique cutting edge to expose the best & user friendly projects to the crypto ecosystem. Launchpad helps the projects to be fundraised, marketing, development & liquidity. So How will Jetfuel community vest benefits through the Launchpad feature? Already you have partnered with Fortress platform, popular for lending & borrowing, TRYON Platform & GFORCE platform. Will they contribute their part, to the Jetfuel Finance to be stabilized in crypto space? What kind of projects will you let to promote in Launchpad? Finally I want to know, do you involve with DYOR before you partnered with them to convince the Jetfuel Finance community that they are secure with you?
So Jetfuel Finance implement mainly as deflationary yield farming ecosystem built on binance smart chain which exist vaults to compound user’s deposits, farm & reward users with $FUEL tokens. Can you explain about the reward system in yield farming? When times go, the yield per user should be maximized. So how do you maximize the yield & what about the highest earning potential in yield farming in future within your platform rather than other yield farming platforms? Will there be passive rewards to those who are engaging in yield farming in Jetfuel Finance?
You point out that Jetfuel Launchpad will give the projects much more of their funds raised, but what guarantee of them will the owners of new projects really have? In addition, will these funds raised also be greater than those that can be raised in other launchpads?
I could see that on your website you have vaults from both your platform, Apeswap, Pancakeswap, Venus and more, but really why have the vaults of those other platforms? Also, will these benefit both those platforms and Jetfuel?
All current DeFi platforms are called “an innovative liquidity incentive platform”, but they really have the same characteristics and products, but it will be that JetFuel is creating totally innovative products that, in addition to providing great liquidity, benefit projects with fundraising?
You mention that Jetfuel is associated with the best projects to help you with your fundraising, marketing, development and liquidity. But which ones are you currently working with? Anyone can join you or are you just the “best projects”?
Will the Jetfuel Launchpads be beneficial only for projects? Or will it also provide great facility for all users to participate, and in a fair way, not benefiting the whales?
I could see that they have a product of “FUEL emissions” which is currently inactive, because they are finished, but could you really tell us about its usefulness and functions? Will this really be focused on the projects that will carry out launchpad in Jetfuel? but really what kind of fuel will be generated?
Could you share more details about your native $ FUEL token? Is there a staking program within your platform where users can bet their FUEL tokens? What would the APY be? And this token in which exchanges can it be traded?
I read in your Medium blog that in the long term you plan to incorporate NFT tokens, but could you really give us what innovative utility you plan to implement? Or will the use simply be to reward the most loyal users?
I understand that Jetfuel is based or built on Binance Smart Chain (BSC), but why not choose another more solid ecosystem like Ethereum or Polkadot? Or another faster ecosystem like Solana? Do you think they will integrate more ecosystems in the future?
You point out that you are using the Pancakeswap code audited by Certik as our basis, does that mean that Jetswap will be completely a fork of Pancakeswap? Or will they just use your code, but will it have AMM and many totally different features?
I understand that Fortress recently launched its launch on the JetFuel platform, could you tell us about the results they obtained in this event? And also, who will be the next IDO that will present its Launchpad?
Watching at the $JETS revenue streams I noted there’s currently four of them and 2 more coming soon … can you explain to us the diagram of JETS revenue streams and why is so important the GFORCE participation?
Jetfuel offers many options to earn rewards, not just your staking system but I consider this is one of the most important for some users, can you tell us how to unlock the whole potential of this features whitout being an expert? What tokens should the users buy first and how will they be able to see benefits in short and long term?
As you have mentioned, you are a very experienced team, composed of 10 experienced entrepreneurs, solidity developers, full stack developers, designers, project managers, and marketers. But I couldn’t discover the details of Jetfuel Finance team. How do you add transparency & reliability without revealing details of the team memebers? Or is there any reason to not reveal their details for the community?
Hello
There’s a lot of yield optimizing projects are running at the moment
Do you think u r the one of the best in it ,if so y u say that
What separate u from other project
What is the uniqueness in u what’s the xfactor u have in your project
What are ur short term and long term goal projects
Tell some recent issues or the problems I faces and how have u overcame it smartly
Share it with us so it will give a belief on your project !
When I tried to open your website https://jetswap.finance/ it didn’t work for me. I kept trying it but I am unknown about the problem I had. Is your project a global or local project and are there any restrictions to certain users or anyone from the world can access on your project? If you have any backup website or alternative server please provide me the link. Thank you
When I joined your project first time I got confused with your multi token approach. $FUEL,$JETS $GFCE are different tokens and also two governance tokens $FTS and $WINGS are available on your platform. How easy is to understand the use cases of these different tokens and can you explain the nature of all tokens and in short tokenomics either its all follows deflationary model or not? What is the main purpose of having two governance tokens and what benefits and privileges does your platform allow for this?
to find new inventors what plans you will take? what expand the reach by involving your community? or collaborate with significant impact parties such as influencers or celebrities?
audits with large parties may help to gain confidence in your project. and I ask, are you going to stop at only 2 audits or are you planning to do an audit with a large party like certik who might be able to get more attention from new investors on your project?
in your roadmap I see the endpoint is near, and maybe you will make an update on your roadmap, are you going to launch the nft market in your roadmap update or are you just focusing on the projects you have published?
About JetSwap Finance, I’m very interested to know how much APR on FARM do you offer?
can you share with us about your project updates in the last 2 -3 weeks ? what do you find interesting for us to know?
Can you list the killer features of this project that set it apart from its competitors? What competitive advantage does your project have that you believe in the most?
Has JetFuel Finance been audited by a third party? where is it in Audit, and do you have a plan for Periodic Audit ?
What are the top priorities for your project this year? and what are your plans for the development of this project? What is your project’s vision and main goals and who are your target customers?
As a very young and new project, how can you convince crypto users that your project is a project with a lot of potential and competitive, unique features, or what advantages do you have that will attract investors from your users?
One of your twitter post that interest me is about the Fortress Loans in which you stated that “Wake up tommorow and Get Paid to Borrow”,so can you explain more about this statement? Literally,how can we get paid to borrow? In what possible ways that a borrower can earn from borrowing instead of paying interest rate? Thank you
As $WINGS is the main token of JetFuel Finance and it is an inflationary token with 2 WINGS per block emitted for the Farms and Staking Pools. So,can you explain what makes $WINGS to be inflationary? What are the advantages of being an inflationary token will brings to your network,to community and to your investors? Which is better being an inflationary token or deflationary? Why does your platform set $WINGS as inflationary token? Thank you
To what extent does Jetfuel Finance plan to grow, global or local? How much emphasis is placed on the language marker in the Jetfuel Finance expansion portfolio? Especially for non-English speakers and non-native speakers?
Hello
The platform is a match made in heaven for DeFi protocols , so can you please tell me the reason why Jetfuel Finance chose to use Binance Smart Chain ? I mean we all know that there is a lot better than Binance Smart Chain , So why did you chose it ?
Thanks
Hello
I searched a lot and didn’t find anything talking about the security of the project , so can you please tell me what do you use to keep the project safe ? I mean what procedures do you take to ensure the safety of the project and the token ?
Thanks
Hello
I can see that the price of FUEL and JETS was 1:1 on launch day, and the pair are intrinsically tied up and down with normal ups and down of the market , so can you please tell me how is that possible ? I mean I don’t get the idea how two pairs can move the same movement together , can you please explain to me this point ?
Thanks
I understand that JetfuelFinance is a launching pad for projects seeking to raise funds and keep more of their proceeds. funds and two projects to be launched soon; Fortress credit / loans and JetSwap decentralized exchange. What are JETS tokens? What is the function within the platform? Do you have other tokens besides JETS? What are the qualities that this token possesses? What are the many functions that JETS fulfills?
JETS provide multiple sources of income for holders of FUEL from hangar reserves, vault rewards, GFORCE rewards, additional JETS participation rewards, and provide voting power when governance is launched. JETS will provide you with performance and reward opportunities for every project Jetfuel launches in the future. What are the advances from the beginning of Jetfuel Finance to the present in the financial field? Are you planning another round of NFT for the public in the future? How are investors currently rewarded?
The FUEL token was a fair launch, a release of extracted liquidity, which means there was no pre-sale, no pre-mine, and no token allocations. Are there fees to undo the FUEL tokens bet? What happens if I lose my JETS, are they recoverable? How can I get fuel? What are the financial rates that Jetfuel Finance has? How do V2 vaults work?
So i understand that Jetfuel Finance is a fair-launch deflationary yield farming ecosystem on Binance Smart Chain. You claim one of main feature from Je tfuel is a money market and lending protocol called Fortress. Can you explain about what are user can do in this “Fortress” Platform? What kind of money market that Fortress have?
I read that you will release new AMM name with JetSwap for your project, may i know how does JetSwap system will work in your platform? Will it have system like a DEX which possible to do trading and swap asset same like other swap (for example uniswap) ? And how about the blockchain? It will build under Ethereum or BSC chain?
What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
What makes you feel confident about the survival & sustainable success of Your project in the near future? While you build your project, do you take into account community feedbacks and demands?
On moving forward through your roadmap, what are your most important next priorities/Milestone? Does Your Project have enough fundamental (Funds, Community, ect) to achieve those milestones?
I learn about your project and it looks Je tfuel have 5 token inside your platform. There are $FUEL, $JET, $GFCE (G force), $FTS, and last is $WING token, can you introduce to is what are the function from all of your token ? And why do you need 5 token, so user need to buy all of them? How to get each of them?
According to the jetfuelfinance.medium.com, The $FUEL is getting listed on BitMart on June 11, 2021, using the trading pair FUEL/USDT and Various functions will be available after the listing so can you explain us some details about the functions? And can you explain about the lottrey feature and are there any ongoing promotion to attract users?
There are various types of token on the jetfuel platform, $FUEL,$FTS,$JETS, $GFCE so this can be very hard to grasp and understand at first to The new members for the crepto therefor are there any information sources for learn more about the platform? and As per the mentioned details, FUEL has a 2% transaction fee charged on transfer and Bitmart charges an additional 2% on deposit for a 4% total fee, so my question is, why do the chagers in the high level? And are these the all the chagers for the jetfuel or are there another chagers for the users?
Any plan for cross-chain to polygon, MATIC?
Is there any reason for your decision?
What are some of the biggest accomplishments in the 1st half of 2021 for JetFuel?
What can we expect from you and your team in the second half?
There’s been a whole lot of flash loan attacks and exploits on BSC, as we know.
Any specific measures or precautions to avoid any attack?
Have this changed over time?
If yes, how?