We are pleased to announce our next AMA on August 10th 2021 at 01:00 PM UTC Time: Satoshi Club x Port
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Port Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Port Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Port
For more details:
Port Website – port.finance
Port Telegram – @port_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
On the website,it is mentioned that the platform offers “Variable rate lending As well as fixed rate lending.
Also it wss mentioned that the varibale rates are based on utilities.
How does the categorisation work?
What utilities are eligible for the varibale rate lending?and upon what all factors will the rate be varied on?
Can you list out the benefits for borrowers and suppliers from this varibale rate lending feature?
Port Finance is fully committed to the Solana project or do you plan to deploy in other blockchains once Port Finance consolidates in Solana and push crosschain initiatives that benefit Solana indirectly? How do you see the future in it?
I have found The platform will also
introduce the pToken, a derivative token that corresponds one-to-one to the underlying
loan.
What role does this pToken have in the platform?
Will this acr as a collateral for the borrowed amount?Do i need to deposit/hold ptokens in order to avail the borrowing function in the platform?
Port Finance currently supports USDT, USDC, SRM, PAI and SOL,are there going to be more assets that will be added in the nearest future?
What strategies is the team working to create value for the $PORT token and to increase interest of the users of your community on the $PORT tokens
what did you aim for enabling Token holders to decide the future direction of the protocols? Could there be other privileges that will excite Token holders in the coming day
What differentiates Port Finance’s lending products from offerings on other projects like Parrot and Solfarm?
Port Finance have integrated flash loan feature. users can use it for Trading arbitrages, Collateral swaps & self liquidation & can be gained a huge profit. What is the maximum amount, you are capable to offer in the form of flash loan? Can you tell us the interest, that you incure back? Most users are not aware about procedure to apply for a flash loan. Do you provide any guidance or tutorials for your community in order to make good profits through Trading arbitrages? But the issue of Flash loan is, it can be attacked by hackers if they found some bugs on Flash loan smart contract. Pancake Bunny attack is one example for this issue. So how do you eliminate this issue if there are bugs on Flash loan smart contract?
It’s mentioned in your litepaper, 2% of your token allocation goes to advisors. Who are these advisors? Is there a vesting schedule for already allocated tokens?
Port Finance is a Money Market Protocol based on Solana and you intend to provide users with Variable Rate Lending, Fixed Rate Swap and Interest Rate Swap. Can you explain the ideas behind these three-steps concept approach and how they are carried out? How do you provide a Variable Rate and Fixed Rate lending at the same? How is your variable interest rate tied to deposited token utilisation rate thereby allowing you to incentive more deposits? And how do these approach allow you to offer an attractive financial products that can better the ones provided by Aave, Compound or cream finance?
In lending, liquidation is triggered when users collateral drops significantly beyond a predetermined threshold. I read that Port Finance will protect against complete liquidation of user’s collateral by introducing the concept of subaccount. I will like to know how subaccounts can be created from a single account. How will a single wallet be able to divide loan liquidation risks into multiple sub-accounts in order to avoid complete loss of collateral? You also said you will allow the possibility of using third party liquidation to maintain the health of your protocol. How can third party users detect defaulting loans about to liquidate and provide the collateral to cover these debts? How will this action benefit the third party user, the loan defaulter and your protocol?
Within the diagram that explains the fixed rates lending protocol (on litepaper), there is an insurance fund. Where will the cash for the insurance fund come from?
$PORT will have a maximum supply of 100,000,000. Out of this, only 10% was released during your now completed presale and private sale fundraise combined. However, you have allocated 20% of this maximum supply to team, 33% to ecosystem and 31% as liquidity incentives. What this means is that the team is now controlling 20% of $PORT while the presale investors holds just half of the team allocation. Why is the team controlling a huge amount of $PORT and how many members is the team allocation meant for? Are these tokens now released or are they vested? What is the 33% given to ecosystem meant for and how will this be disbursed? And for the 31% allocated to liquidity incentives, how can users join your staking and liquidity mining programs in order to benefit from this incentive allocation?
On your twitter it is announced that $PORT token has been launched and now listed on AscendEX , Serum and Radium exchanges. Why did you choose to be listed on these exchanges? What characteristics do you notice in these exchanges that has led you to believe it will aid PORT’s growth. Do you have any plan to list $PORT on binance exchange?
Currently Port Finance has been associated with lot of mega crypto platforms such as RAYDIUM, Solanium, MERCURIAL FINANCE etc..what are the future goals/plans, that you hope to launch with these partners? How did they help you in order to grow from ground level to current stage? Will you do more airdrops & giveaways for them in future? Will there be more partnerships in Port Finance partner’s list on your website soon?
Currently Port Finance is on Testnet version. Is it secure enough to connect our Solana Wallet to your Testnet version? How do we use it, do you have any tutorial to show us? Did you audit your smart contract before the Testnet launch? When will you launch your Mainnet with full of usage?
I noticed you’re concentrating on getting your $PORT token listed. How many exchange do you plan to list your token? May we know what is your next goal after you reach your target number? As of now how many exchange does $PORT supported? Can you name them all?
Greetings, tell us a bit about Port Finance, how a project without liquidity protocol works, how Port can combine fixed income products that include variable rate loans, fixed rate loans and interest rate swaps. ?
Explain to us about the strategies that Port Finance intends to use to meet these objectives.
I read in your website that your core contributors are a team of close-knit engineers with backgrounds from Google, Facebook, and Microsoft and who have contributed open source code for Serum and Solana. So,based on experience and background of Port Finance core contributors how it bring helps and impacts for the development and innovation of Port Finance network? What are the advantages and positive effects that those core contributor brings to platform ,to your community and to investors? As we know Facebook, Google and Microsoft are some of the established and popular platforms in the world,how does your platform acquire those people from this platforms to be part of your core contributors? Thank you
I read in your document that Port Finance has a Bug Bounty Program,in which participants can earn rewards up to $100,000 USD. So,can you explain more about the mechanics and structure of your Bug Bounty Program? Can anyone even without skills in finding bug can participate in this program? Why does the rewards is so high? Does it not cost much for your platform for this reward? Is this Bug Bounty Program still ongoing event in your platform? Thank you
I read in your medium that major step in the Q3 PORT Roadmap has been the migration of mainnet application to prepare supporting more assets, which is already completed. So, what are the major changes you made compared from the old version? What will happen if users remain to use the old version? Is it necessary to withdraw funds from the initial launch application and redeposit them into the new application?
Please tell us about the functionalities and utility of $ PORT, what is your current situation in the market in terms of supply and demand, 1 $ PORT = 0.4 USD what is your aspiration regarding the value of your token, what is the maximum value to which they aspire to reach and what are the conditions to achieve it, and what is the minimum value for it to continue being a profitable project for its investors?
Port Finance’s roadmap includes offering a complete set of credit products including variable rate loans, fixed rate loans and interest rate swaps, Solana provides them with all the necessary tools so that they can develop all the functions of DEX, Have you considered incorporating other chains and becoming a highly competitive multi-cross Chain project, apart from raising liquidity through investor funds, do you have another way of providing liquidity to the project?
Port.Finance seeks to provide symbolic incentives for the user to deposit and borrow, then Port can be considered or compared with a bank, which are its most outstanding differences with traditional finance, they plan to incorporate activities or transactions with fiduciary capital into their operations and not cryptocurrency?
The Port Finance roadmap includes a full suite of lending products such as variable rate lending, fixed rate lending, and interest rate swaps. Would you please explain these three financial products briefly? What distinguishes them from existing lending platforms in the crypto market, and what plans do you have to achieve your mission with these products?
Hello, Port team! Talking about your governance module which will be implemented in September 2021 i couldn’t find more details about this. Could you tell us how this module will work? What proposals will be subjects of governance and what requirements you have to members to become involved in this system?
I have found The platform will also
introduce the pToken, a derivative token that corresponds one-to-one to the underlying
loan.
What role does this pToken have in the platform?
Will this acr as a collateral for the borrowed amount?Do i need to deposit/hold ptokens in order to avail the borrowing function in the platform?
When port finance Listing coingeco/coinmarketcap?
➡️I know that your platform is a lending platform
➡️what are interest rates for lending
➡️Is Any collateral is need or not
➡️If collateral is not required then how you going to give loans to the strangers
Hello Port
Port’s native token will enable users to participate in governance and share in protocol fees derived from all protocol products.What do I need to vote?What are the procedure for users to vote?For a users vote to be valid,will the balance of voting tokens be the same throughout the entire proposal voting and validating period and will users have to add more tokens to his/her vote and will users move their Port token while the vote is in progress?What is your voting Threshold?
Hello Port
Port Finance is being describe as system of lending pools.What several advantages does the Port cryptocurrency offers itss holders?Does Port Borrowers get charged a fee if they take out loans denominated in the token?In Port Platform are the Flash Loans,do they require upfront collateral and does the Flash Loan work works in your platform?
➡️Currently you are lending on which chains except Solano
➡️Are going to be launched on other chains also
➡️In your platform only your are lending or others type of activities also provided
➡️plz explain the various types of activities involved in your platform
Hello Port
Since Port Finance is a credit facility that issues loans to users with a certain interest rate.What are the interest rate of lending in your platform?What happens if the interest rate is low,will user have to borrow more $Port?And if the interest rate is High,will it have any effect on the number of $PORT in the market?
what are your plans and mechanisms to maintain PORT still pricefull and provide benefits to investors? do you have any plan to make port become digital transactions for any items, e-commerce or anything??
#AMA
Port So interesting before it is created. btw can you tell to all people about the story that gave you the motivation to build and develope a good project like Port?
i just see almost everyday developers around the world make the new coin/project and they have a strategy to attract investors, could you tell me what is the difference about this project between others coin that will convince and attract the investors join with PORT?