We are pleased to announce our next AMA on August 4th 2021 at 03:00 PM UTC Time: Satoshi Club x YDragon
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join YDragon Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. YDragon Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about YDragon
For more details:
YDragon Website – ydragon.io
YDragon Telegram – @ydragonchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Are the ultilities of your government token, #YDR limited to passive income opportunities on YDragon platform? There are an array of platforms with governance tokens and each platform offers staking opportunities for their own tokens. Therefore, a platform should offer considerable benefits to attract users. How do you differ from the common mechanism of distributing rewards for holding own tokens? In addition to staking on your own platform, how can we utilize #YDR? Why should we buy and hold #YDR over other governance tokens?
Your roadmap starts from the third quarter of this year and ends from the first quarter of the next year. Can a project be completed within a short time period of less than a year? Currently, new projects appear and vanish everyday. How do you assure YDragon has a long lifespan? Have you conducted any audits to assure the longevity of the project? There are not any activities regarding security and marketing in your roadmap. Did you only inclue the main targets? Further, don’t you have long term milestones to achieve? Do you consider the YDragon project as completed with the developments of experimental indexes, index minting, auto compounding and yield optimization by the first quarter of 2022?
I would like to know if you’ve completed any security audits? Perhaps by third-parties? We’ve seen dozens of hacks, exploits and stuff like that this year, What measures have been taken to protect FLAT community from it?$
✔ Is Your project a Global project ?
Is any of the local communities restricted from contributing to the project ?$
I couldn’t find your whitepaper. Do you have any whitepaper? If Yes Then Can You Share With Us Here?
The main products offered by YDragon are, first and foremost, indices: second-order assets whose prices depend on the assets they need to track. How do the indices come to be in the YDragon ecosystem? YDragon will undergo what we call an index minting event or IME. Can you explain what are the index minting events or IME?
YDragon is a performance-guaranteed cross-chain index ecosystem, providing a true interoperable cross-asset experience. The BSC Top 5 Reputable Projects is one of the tools that YDragon has to guarantee high returns. What is the BSC Top 5 Reputable Projects? What are the various mechanisms of YDragon to generate good returns?
Within the YDragon ecosystem, they have created $ YDR, their governance token that allows holders to vote on the future composition of all indexes on the platform. What is the real participation that the community has within the YDragon platform? What are the tools for community participation? What requirements must be met to participate in YDragon?
Can you please explain the Risk Diversification feature of YDragon project? How will this feature protect users to save their capitals? In which mechanism do YDragon split the risk and minimize the loss of its users?
Since the last bull run of bitcoin, many new users have joined to the crypto. However, most of them are still not experienced enough. Is it easy to use the platform of YDragon? How simple is it to manage the portfolio for the new users?
It is possible in YDragon to manage diversified portfolio by using one single token. However, how will this be possible when it comes to gathering all the DeFi features in one token? As I know from many other project, they decide to divide their tokens in 3 or 4 to split the roles. Why YDragon also did not do the same?
Greetings in the DEFI space, there are many projects with investment problems and more, how does YDragon come to solve these investment problems and generate trust in users so that they do not see it as just another project? What performance and responsiveness characteristics does YDragon offer by creating a diversified portfolio with an effective risk strategy? tell us more about these strategies?
YDragon is a platform that begins its long journey, what does it offer to users? to attract them, how many indexes exist in YDragon? and explain to everyone in the satoshi club community what an index fund is and how it works? and if all these indices are in different chains or in the same chain? Thank you
Hello YDragon, how does an initial minting event work? when can a user buy shares in an index? In what time are these actions stimulated and what is the duration of a minting event? and what are the benefits it gives to the user? could you explain a little more to understand better !!! Thank you
The YDragon team announce its latest partnership with ICON public representative, ICON Hyperconnect. What is the purpose of your partnership with them?Is it long or short term?How will your partnership with ICON Hyperconnect bring great achievement to your platform and to solve major problems faced in the DEFI Space?
Your $YDR token is, among other cool advantages, a utility and governance token.As a Utility token ,what product or services does $YDR provides users?And as for the Governance token, how will you ensure Accountability,Efficient development and that no whale through sheer financial power take over a majority of the tokens and singlehandedly create proposals, and reach a selfish decision thereby causing a nightmare for users in your platform?
It is stated in your website that When one lock his or her funds in an index, we will be entitled to a passive income through smart revenue generation. We Don’t need to worry our funds will be taken care of while we sit down and relax.Indeed it sounds nice,but I want to ask some questions With many different types of opportunities to earn passive income in DeFi,how will one track his portfolios?Does YDragon make use of portfolio trackers or aggregators which connect to various different protocols and wallets, allowing users to analyze and manage their portfolio from a single dashboard?Or aggregators like 1inch,Plasma.Finance etc that offers cross-chain integrations and multiple wallet connections helping users identify potential APY returns across pools?
One of the main features that would solve current problems with DeFi, is the simplification of portfolio management. And with so many new investors in crypto, this makes sense, but most times, this ‘simplification hinders user customization and makes it harder for seasoned investors. I’d like to know what are the main features you offer for your portfolio management, and how it would be helpful for everyone, while still providing innovation.
The levels of volatility in cryptography practically force you to invest in multiple assets, however, do you think that the diversification of the portfolio will be 100% safe or it implies risks and challenges, your smart contracts are really safe, YDragon has been audited and how can we verify its transparency and legality?
As they say on their website “everyone knows, do not put all your eggs in the same basket”, which are the main risks and vulnerabilities that can affect the development and sustainability of YDragon and consequently the finances of its investors, you consider that the creation of indexes can mitigate these conditions, will the indexes become one more member of DeFi?
YDragon is a performance-guaranteed ecosystem built in the DeFi space, but DeFi still has flaws regarding interoperability so how YDragon will proceed to provide a true interoperable cross-asset experience. What is the real utility of the indexes and what are their functionalities in YDR, how can they affect the liquidity and profitability of the project and its investors?
⚛ Ydragon is a Cross Chain platform that can earn large returns through Yield farming, but which currencies do you support for that functionality? Stablecoins only?
☑️ I’m really interested in your Yield generation, can you explain us more about this functionality? How can I let my money work for me?
Can you tell us how many YDR tokens we’ll need to make a proposal or cast a vote using the YDR token as a Governance token?
Where can users get the DYR token? Are you planning to list this coin on CEXs and DEXs?
Almost 80% of investors are solely concerned with the short-term token price rather than the true worth of the enterprise. Can you explain us what motivates and benefits investors to keep your coins over time?
Given that most initiatives struggle with funding, could you tell us a little bit more than the soft cap reached? How far have you progressed thus far, and are there any ongoing discussions?
Marketing is an essential component of every endeavor. Do you want to entice consumers and investors to your project?
What gives you hope for the survival and long-term success of Your initiative in the near future? Do you consider community comments and needs as you develop your project?
You say that transaction fees will be reduced, but really how much will be the minimum cost of each transaction and its speed? Could it overcome these characteristics found in other networks?
Really, what guarantee will we have that this project will not be SCAM, or that Rug Pull will not do? Could it be that their contracts are fully audited and also have token blocking for the founders, in order to give us greater confidence?
I could read that YDragon is committed to providing the solution to DeFi problems, but really what problems will they focus on specifically? Or is your platform really so complete that it will allow you to solve all the existing problems in DeFi in the different chains?
I understand that one of the events that they will carry out is “The BSC Top 5 Reputable Projects”, in which they will select the 5 main tokens listed in multiple chains in binance, in addition to YDR, which have the ability to produce high performance, but really in This selection will the users participate with a certain vote? or will they really be selected based on the trading volume of the best tokens?
If DeFi was really created to eliminate all kinds of collateral and custody, then why is YDragon an ecosystem of cross-chain indexes with guaranteed performance? or really that performance guarantee has a totally different use that is consistent with the ideology of DeFi?
As you well point out on your website, it is always recommended Risk diversification, and not putting “all your eggs in one basket”, but really diversifying in YDragon will be highly reliable since the tokens found on your platform are “the most promising tokens. and better performance “? or will it still have a certain level of risk?
You point out YDragon is DEFI SIMPLIFIED, but really how simplified will each of your products be? Really, any user, with minimal knowledge of DeFi, can they have a diversified portfolio of the best performing cryptocurrencies?
You point out that YDragon is an ecosystem that offers investors the opportunity to own a diversified portfolio of the best performing cryptocurrencies with a single token, but how will it really provide users with a portfolio with “diversified investments” with a single token? Will your native tokens provide passive income in different highly attractive tokens?
In liquid markets,we may not be able to sell our assets at a “fair” price. This means that there are no willing buyers for the trade,leaving us only to choose:reduce the offer price or wait for liquidity to increase. What strategy will you use to combat the slippage of the order? It is a fact that pricing an illiquid asset is an expensive and slow valuation process and your objective is to provide value to illiquid assets easily. How are you planing to increase the commercial speed of these of assets?What about the most popular illiquid asset(real state)
You said that the holders of the YDragon Index can generate a high yield, passive income on collateral through the setup platform.
The $YDR token allows holders to vote only on future portions of all digital interfaces
primarily. But the problem here is security. Security is an important foundation of platforms like YDragon. When too many people bet at the same time, it can clog or paralyze, creating conditions for unauthorized intruders. Therefore, what security procedures have you implemented in your platform to protect all assets and products of major trading partners as well as those of users? How resistant are they to malicious attacks?
We’ve had a serious problem with pulling carpets from tokens lately, and honestly, nothing to laugh at. My first question is, how safe is our money with YDragon? Are our investments safe? What security processes have you implemented in your platform to safeguard all of your major commercial partners’ and users’ assets and products? How resistant to harmful attacks are they?
Second, community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Do you have any special plans to engage and expand the community and improve the user experience? Language is a barrier for many crypto enthusiasts, we all know many projects that support English speaking communities. So, are you going to use the local community to raise more awareness of your project among these people in different countries?
We have seen many risks attached with the Yield Platforms, What’s your view on this?
How will you ensure safety & Security of the Ydragon platform?
Can you explain about “yield Generation Index”?
How can users earn benefits from it?
Can new users be able to try this easily?
Why so you say no competitors offer smart generation like Ydragon does?
What’s so unique about it?
How does the next index decided on the platform?
Can users have the chance to vote for the next index?
Many innovative & Competive solutions are in the market in now, isnt it?
How will Ydragon ensure to adapt new technology & solution in this competitive crypto world?
I see there are two tokens on the platform, Can You tell about both of them?
What are the factors that affect the high Yield ?
With the YDragon cross-chain and auto rebalancing features, investors are offered accessibility to a diversified portfolio accross multiple chains and automatic rebalancing to market fluctuations of assets in an index. However in crytocurency, assets vary widely in liquidity, capitalization, fees structure, associated blockchain tech and more. Therefore how does the YDragon smart contract effectively mitigate and provide the best opportunity to investors and ease the turbulent market fluctuations that come with index funds, and with your diversified multi-chain portfolio offerings, what DeFi niches would YDragon employ it’s smart revenue generating protocol?
YDragon is a cryptocurrency ecosystem that allows investors to buy a diversified portfolio of the best-performing cryptocurrencies with just one token. YDragon index holders can use staking platform to create high yield, passive income on collateralized assets. Could you explain what the YDragon Indexes are all about?How many indexes you have? Are all indexes are built on the same blockchain?
As provided on your whitepaper, YDragon will initially launch with an index on Binance Smart Chain which would be later extended to other blockchains like Polygon and Avalanche respectively. With these chains accounting for some of the most widely used and efficient in the market right now, how will YDragon effectively distribute indexes on this associated assets and what are the fees for minting and redemption of index tokens? With the YDR token as part of your initial BSCX asset and other future assets, what percentage of these assets would be reserved for the YDR index token, and how does this inclusion help in the adoption and utility of the YDR token?
I found out in YDragon telegram group that you are running a competition for your community which you called Ryders and I see that the prizes were A top of the line Razer Blade 15 Gaming Laptop, A Razer Huntsman Mechanical Keyboard
and A Razer Kraken Headset. So,for those interested in this competition can you give us more details about this competition? How to participate and what are the requirements in participating? I see that prizes to be won are mostly gadgets,so how will this prizes be sent to winner especially to those who are far from your location? Why does your platform choose to give this kind of prizes but not your token or cash? What is the motivation and purpose of this competition and how many days or weeks is the duration of this competition? Thank you
YDragon just announces collaboration with ICON Hyperconnect. So,why does your platform choose to collaborate ICON network? Can you describe your collaboration with them? What are the win-win benefits that you bring to each other’s platform? Is this collaboration good for long term partnership? How will you consider partnership with them with suitability with each other? Thank you
We are familiar with Defi indexes using only their collateral for meta-governance options indexes and for speculation and minting, rather than major redeeming cases, since there is usually enough liquidity in the primary markets due to various incentive mechanisms. Investors will be very eager to benefit from the pattern of using index in this project but how can they safely mitigate any potential liquidity crisis? Since you came up with the idea of using collateral to generate yield, I want to understand how it can be used to amplify and add value to your project ecosystem?
The yield vault structure of YDragon let me know that Users can provide collateral to a specific index that they are interested in, which will be used to swap into the underlying assets that the index is supposed to represent. But caught my attention that after the processes there will be splitting of the provided collateral to two separate vaults (a liquid vault called X and a yield-bearing vault called Y vault). Why is the collateral been separated? The Y vault will be linked to another vault called Z vault for distribution reward, what is the necessity of creating another vault since Y vault can perform the reward distribution? Then how can the YDR ecosystem participants (index token stakers, LP stakers, YDR token stakers) track their distributed rewards?
Your ecosystem was created in such a way to accumulate value across the whole DeFi landscape and your index is initially launch on BSC due to its relatively low fees and increment in popularity. Since it is a initial launching, does that mean it will be withdrawn from BSC and placed in another chain, IF NOT, what are others blockchain you have in plan to integrate? You incentivizes user by having 0% fees for minting index token during initial minting event (IME), what are other incentive programs you have for the community in your project?
From my research I can realize, that #Ydragon gives the investors to own diversified portfolio crypto with a “SINGLE” token. Can you say me what will be the benefits for investors with this SINGLE token model? Where does this idea came from?
How your team will get along all of the great DEFI quality in a one “SINGLE token? Will this feature help your project to compete with other project?
Your token $YDR is a UTILITY token and the same time a GOVERNANCE token where users will have ability to vote and decide of the future of the YDragon indexes & strategies, and earn passive income at the same time. Why $YDR possesses two functional assets? Governance tokens are created by developers to allow token holders to help shape the future of a protocol while utility tokens are issued in order to fund development of the cryptocurrency? What will be the effect of your token in market? How do you want to prove transparency of your token?
Presently, the Decentralized Finance is battling with extensive portfolio management where users need to move across chains to buy assets, making it difficult to monitor portfolio and very risky if user is not careful. How do you want to simplify this by crossing chain of indexes when your indexes is only launch on BSC? Till when should we be expecting the manifestation of simplified portfolio management? Do you think One-time investment to own a diversified portfolio will solve the multiple high cost fees to own assets?
Integrating of Cross Chain indexes for investors & clients will be a higher usability & exponential growth in yield farming in YDRAGON platform. But some of yield farming platforms are not adequate with security & revenue as they promised. So how will YDRAGON involve in letting true & valuable yield farming platforms in to their ecosystem? Will you guarantee to the investors that the yield farming projects, you add in to the indexes are 100% secure & reliable?
The YDragon protocol allows users to invest in indexes from various blockchains. Can users choose the asset composition of each Index? Or will users only be able to invest in the Indexes that are already defined by the YDragon team? Is there any way that users can suggest assets to form an Index?
You decided to launch an initial minting event & it gives benefits, awards to shareholders exclusively as I understood with short time period. So how can we participate in YDRAGON minting events? Can you tell us about the reawds system, implemented in minting events? Will there be minimum amount of shares that we should take?
Basically YDRAGON emerge in interoperable cross assets & yield bearing collaterals. Does it means can users use their valuable NFTs as well in yield generating within indexes & as Collaterals? How will indexes evaluate the NFTs value for collaterals within YDRAGON economy? What about the give back for our collateral NFTs from your indexes?