We are pleased to announce our next AMA on August 28th 2021 at 11:00 AM UTC Time: Satoshi Club x Corn Defi
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Corn Defi Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Corn Defi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Corn Defi
For more details:
Corn Defi Website – corndefi.finance
Corn Defi Telegram – @corndefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Here is my first assignment with a quick review for me today so that I have a better chance to send intentionality bank
CornDefi has an automatic burning mechanism but what will be the period of automatic burning? Is it time-based or supply-based burning? How frequently you will burn the tokens?
At your launch stage you have about (12) twelve stages you have have set out to attain and (7 ) out of the (12) you have have attained. You bare yet to attain Corn Farms & Staking Pools, Lottery, Twitter, YouTube, Tiktok contests, partnerships and Airdrop distribution. What kind of lottery do you anticipate to host? Could you tell us what would be the features of the Tiktok contests? Which major partners are you considering to partner with? And what are your criteria in choosing your partners?
Corndefi has an anti whale system that will reject the Transaction if it will be over 1% supply. But can investors do this like selling 0.80% supply in one transaction then again selling 0.80% in another transaction?
Your project has unique features that make it a complete community-driven one of such is the Anti Whale.It is stated that Transactions more than 1% of total supply will be rejected in order to protect holders of $CORN token and help keep the project tokens from the hands of whales,notorious for dumping tokens for their profit.My question is,Do you also have any Anti Whale Punishment apart from rejecting the 1% transaction?If a whale happens to make a transfer between 2 wallets larger then 1% total supply will there be a charged fee on that?
In your medium article you stated that your biggest difference is that all deposited assets on the farm will be managed by the vault.Since the APY rates of pool are subject to constant change,deposits that were profitable yesterday might be pointless tomorrow.My question is, How will your vault prove to be profitable in the long run when the market changes?Are manual settings required for one to use your Vault or the strategies are fully automated?Can you tell us the process of using vault on CornDefi Finance?
In your Staking Pool,users are allowed to stake USDT, ETH, BTCB etc to earn $CORN.My question is,what amount of these tokens will a user need to stake to earn your token?Can you tell us the key benefits of Staking on CornDeFi?Lastly,will users earn rewards when they stake on your platform,if yes when does payout take place?
Deposit Fee- There is a deposit Fee of 4% for non-CORN Farms/pools. Deposit Fee is 0% for native Farms/ pools. 75% of this Fee will be used to Buyback+burn CORN to pump the price what are these non-CORN Farm/ pools that would attract a Deposit fee of 4% under your ecosystem blockchain? Could you equally tell us about your contracts (CornDefi main Contracts) deployed on Bsc mainNet such as Corn Token, CornDefi (Mc), Corn Timelock and Cornlocker?
The harvest blockage will maintain that range of 6 days during the entire agricultural process or will be subject to market conditions, which will be the rules for automatic burning, many projects are applying proportions in terms of prices, some opt for 1: 1, which Do you consider it to be the fairest proportion that reflects the level of profitability and profits according to the investment of each holder?
Each project establishes its control and security mechanisms according to its nature and structure, CornDefi as a decentralized and agricultural project which considers to be the appropriate mechanism to control the tokens in circulation and whale attacks that may hinder their development and progress, DeFi and Binance Smart Chain have excellent protocols, however there are some aspects that present vulnerabilities, have you considered incorporating Polkadot, Cardano, Hero, Ethereum or any other chain to provide more strengths and abilities to $ Corn?
Harvest lock is a unique reward lock mechanism that is used to limit the frequency of harvest, I read a tweet where they mention that they use harvest lock based on time, what are the conditions to use it, what are their strategies and most outstanding technical aspects to achieve a high agricultural yield, your Farms & Staking started on August 25, what is its duration, what have been the results so far, what will be your next activity of this type?
On your website there is a feature called “lottery” that says “coming soon”. I would like to know more about that feature. How can we participate in that lottery? How often will this lottery be held? Will it be weekly, every 15 days, monthly? What are the prizes that the winners will receive? How many winners will there be in each lottery? How long until it is launched and we can participate?
CornDefi Finance- why the choice of name Corn (Defi) Finance? What is the philosophy behind it? Having read your Roadmap (your initial roadmap) you said your priority depends on what you people consider most important, along with community requests and feedback and it may be changed in the future. Could you tell us what your priority are at the present?
When will the betting system be ready, what will be the percentage of the rewards and how will the distribution process be, according to your estimates and financial projections, what do you consider the highest price that your token can obtain?
For this day, which are the farms and pairs already established in CornDefi, have they considered the possibility of incorporating and giving participation to stable coins, would it be a good way to attract farmers and reduce the number of circulating tokens?
According to read on its website, CornDefi has these main characteristics: harvest blocking, bove farms, automatic liquidity, automatic burning, anti whale. Can you explain in a brief and simple way each of these characteristics that we find in the Corndefi ecosystem? How do users benefit from each of these features?
According to what I read in your roadmap, new features and new products are expected to be introduced to the CornDefi platform. What are the products that are currently available on the CornDefi platform? What are the features and products you hope to introduce?
Harvest Lock is a unique reward lock mechanism used to limit the frequency of harvest. . CornDefi uses time-based harvest lock. What is the harvest lock as a function of time? What prevents crop blockages?
Greetings Corn Defi, my question is: looking at your site a little, I found little information about social networks and the CornDefi communities, how important is the communities for your project? what would be our contribution to help the Corn Defi project grow. tell us about this point.
We know that there are many Yield Farm projects on the internet, how Corn Defi differs from these existing projects, what are the main characteristics of the project? What is the percentage of the deposit fee, and how would the initial issuance rate be adjusted and reduced? And how much of the total supply would be allowed to transfer to avoid whale attack? Explain us about these points to better understand the characteristics. Thanks
Is there a referral program within Corn Defi? Do I have to have a token deposited in order to earn $ CORN if I invite my friends? and where they must bet for me to achieve a percentage of profits and how much would the percentage be if the guests meet the requirements of the referral program. tell us about this program, to better understand and invite friends.
CornDefi has an Anti Whale feature, where Transfer more than 1% of the total supply will be rejected. You mentioned that as the total supply grows, this ratio will be reduced. Will that reduction be put to a vote through the governance process? Will the community (CORN token holders) be able to submit suggestions for that reduction?
One of the features enabled on your platform is Emergency Withdrawal so that If something happens to CornDeFi’s frontend such as a DDOS attack or a temporary outage, farmers can still withdraw their tokens by direct interaction with the MasterChef contract… how is an emergency withdrawal carried out on corndefi, and how secure and safe is this emergency withdrawal process especially from hackers or bad players who might want to take advantage of this emergency withdrawal function.
While reading about CornDeFi i saw that, Transactions more than 1% of total supply will be rejected. As the total supply grows, this ratio will be reduced. Why did you decide that transactions more than 1% of total supply will be rejected? Would your community members be able to vote/change this in the future? What is the point/limit the total supply will grow to, that transaction of 1% of total supply rejection will be changed?
Part of your Long Term Plans as signified on your road map is the addition of new products and a Decentralized Exchange (AMM) so what new products does Corndefi have in mind to introduce into its ecosystem, and how will the new products be implemented. How will corndefi’s proposed decentralized exchange work and what kinds of assets will users be able to trade on corndefi’s Decentralized exchange..
A referral program is a wonderful idea to grow the community while rewarding users for bringing in new users. CornDeFi Referral is a unique On-chain referral program that lets users earn $CORN. Is it a requirement to deposit an amount of tokens to activate our referral link? What should our referrals do for us to start earning our CORN tokens? What percentage will we receive as a reward?
The Emission Rate for CORN is said to be; New CORN/Block = 1 (initial emission rate)… and it is stated that The emission rate will be adjusted to reduce gradually… so at what rate will this adjustment be done, what will be the factors determining how this Emission rate is being adjusted and how will the factors go on to affect the emission rate of CORN
CornDeFi Launchsd recently, No Pre-sale, No Pre-mine for dev and Max Supply is Unlimited. This is not too conventional with the crypto space. So why did you decide to tow the unconventional path? What advantage(s) will the launch with No Pre-sale, No Pre-mine for dev and Unlimited Max Supply bring to the ecosystem and users?
Deposit fee is 4% for non-CORN Farms/Pools, Deposit fee is 0% for native Farms/Pools. 75% of this fee will be used to Buyback + Burn CORN to pump the price. Can You please tell us how the remaining 25% of this fee will be utilised, as I could not find details about it? Also when the proceeds from the vault was explained, it was mentioned that GAS fee is only 20% higher than that of a normal farm and that Obtaining revenue is the place that spends the most GAS, which will be handled by the development team. Please clarify which transaction has this 20% higher gas fee? Has the development team handled the revenue obtaining with most GAS fee as you affirm?
Your anti-whale policy is that transfer can not be more than 1% of token’s current supply. Can you be more explicit on this?
Is the restriction limited to a single transfer or the total number of transfer in a single period say, a day?
Is there a duration for the limitation of transfer on individual farmers?
You also mentioned that the 1% limitation will be reduced as LP increases. Are you considering future mechanism to prevent dumping even after desired amount of $CORN is in circulation?
Hello. I have a question regarding the CornDeFi referral program. Is there a maximum limit of referrals we can have? Will we continue to receive rewards even if we have a large number of referrals? How will you evaluate that the users referred by each user is a real person and is not a bot? How will you ensure that the program is not corrupted by bots? Thank you!
Is there a referral scheme for the CornDeFi platform? Can we offer a benefit or a privilege to both ourselves and the individuals we welcome when we invite them?
How can I be sure that the Corn Defi initiative is trustworthy? Is it safe to invest in this project, and have you conducted any kind of audit?
Is the token available? Where can I buy it? What is Anti Whale’s percentage?
Corn DeFi has surprisingly opted for an unlimited maximum supply cap for the CORN token, as the total supply and price estimate of $CORN is directly proportional to it’s active farming and staking operations. Even as such DeFi centric models help to stimulate an organic growth with supply and price action, most times it can also trigger negative inflationary tendencies. Therefore, how does Corn DeFi effectively plan on mitigating such possible outcomes, and with over 12 Farms/Staking Pools and over 1 million USD in TVL, how will Corn DeFi continue to grow it’s liquidity base while providing profitable Pools to investors?
On careful study of your document and with particular reference to your roadmap, you plan to carry out some community and promotional events as well as enter into various partnerships. Noteworthy, is your planned lottery as well as Twitter, YouTube and Ticktock contests, which are lined up to wrap up the launch stage of your project. Can you briefly describe how these activities would be organised, what are the possible dates and for how long would it run, and asides these planned community events, what are other concerted marketing strategies to be employed and possible partnership considerations?
While reading your page, I noticed that you use a time-blocking contract. Could you please explain how this contract works and what advantages it provides to the ecosystem? Is the project compatible with other smart contracts?
According to what I’ve read Corn Defi is a state-of-the-art performance farm and a decentralized exchange with distinctive features. Could you please describe these features? And how do they help your customers?
I couldn’t find anything about your governance system or the native token’s function within it. Could you please explain this feature to me? Do you intend to create a decentralized autonomous organization (DAO) or something similar to allow the community to decide on the project’s roadmap?
CornDeFi will use all LPs to generate revenue. The earnings will be used to stabilize currency prices and liquidity pools. How can the prices be stabilized, if they depend from the whole crypto market, which we know is highly volatile and changing? What pairs are intended to be more stable, and what benefits will we as users get in that, since in trading volatility is one of the features that make the cryptos such good assets to trade?
Corn Finance counts with an Automated Burning Mechanism that consists in that 40% revenues will be used to buy back and burn the $CORN token. Burning alone has been proved not to be an effective measure to maintain a token price, so what are the other strategies in the tokenomics of $CORN that are meant to stabilize the price of it?
I read that the Corn DeFi team made the decision not to do a pre-sale in order to acquire the CORN token. Why did you decide not to do it? According to your own point of view, what are the disadvantages of doing a pre-sale? Since you decided not to carry out a pre-sale, how and where can we buy our CORN tokens?
60% of the income obtained will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. Will the liquidity be locked forever? How do you ensure that giving more than the 59% of the revenues to the liquidity pool won’t turn it to have more availability than demand and negatively affect the token price? What would be the counter method if this happens?
Regarding the Anti Whale strategy of Corn Finance Transactions more than 1% of total supply will be rejected. And as the total supply grows, this ratio will be reduced. My question is: will the supply continuously grow or only until a specific date? What action in the ecosystem can mint $CORN and how is use and demand created for the new $CORN token to avoid a decrease in the price due to higher offer with equal or less demand?
CornDeFi Referral lets users earn $CORN without depositing any tokens by just referring other users to stake in Farms and Staking Pools. How can I get my referral link to refer my friends if I haven’t bought $CORN yet?
As Scanning to your Website I encounter with some of the unique features of CornDefi Finance Firstly The “Harvest Lockup” .Can you explain how this mechanism will help to prevent farming arbitrage bots from constantly harvesting and dumping and Can you also provide harvesting schedule so that we can keep track of the harvest time. Secondly the “Anti-whale” feature . Can you talk more about this feature and where can check Max Tx Amount before making a transaction ?
Hi CornDeFi!
We see new farms opening on BSC and Polygon every day, several each day actually. Could you please share what makes CornDeFi better than the masses of pump and dump clone farm projects that flood the crypto space. What are the features you think are unique to CornDeFi that will allow your project to stay viable for a long time and be profitable both for the users/investors and for the dev team?
Thank you!
Hi CornDeFi!
Looking at many farms I cannot help but notice that most of them die quite soon, native token starts rapid decline once harvest is unlocked and bots and real people start selling. What are the ways CornDeFi plans to battle the problem of native token price going to 0. What sinks do you have, the ways to remove the excessive minted tokens from the market to keep the price floor stable or maybe even rising?
Thank you!
Hi CornDeFi!
Farming projects are often doing better when partnering with other projects and opening new pools for staking or earning tokens from other popular projects. Do you consider any partnerships at the moment? What projects would you want to invite to the CornDeFi platform for mutual benefit and to increase your user base and correspondingly TVL? And lastly, since you have a 4% deposit fee, is it even possible to integrate other tokens without such fees with CornDeFi smart contract or the other way around?
Thank you!
One of the most important feature of the CornDefi platform according to me was the “Emergency Withdrawal” option ? Can you explain on which condition this feature will be made active and how farmers can still withdraw their tokens ? what are the steps required to do the Emergency Withdrawal ? What about reward ? Is it given in case of Emergency withdrawl ?
New
You made a provision for emergency withdrawal in case something happens to CornDeFi’s frontend such as a DDOS attack or a temporary outage using Masterchef contract. What can result into these type of incidence and what can cause the MasterChef contract to be out of reach? How will investors be notified during such incidences since they may not be glued to your contract to know when incidences like this takes place or are there plans to partner with blockchain notification protocol? How is the emergency withdrawal approved and done? And apart from giving the option of emergency withdrawal, how is your protocol security beefed up to prevent accidental or deliberate security misfortune?
Whale activities have become major threats for fresh projects. Therefore, it is happy to see you have a anti-whale mechanism. However, I have a doubt about its effectiveness. According to your anti-whale policy, transfers more than 1% of the total supply will be rejected. It does mean that a single transaction should not exceed 1% of the total supply. What if a whale do multiple transactions? Anyone can transfer 10% of the total supply by 10 transactions within less than 10 minutes! It can create a sell-off situation and your token will be undervalued. What have you done to prevent this kind of situation? Have you imposed any time intervals between two transactions? Further, have you implemented a KYC policy to track multiple accounts?
I noticed that the APR of Farming feature of Corn Defi is incredibly high in which some of the farming pairs have a million of percentage in APR. So,how possible it is that we can earn this very high APR in some Corn Defi farming pairs? How would your platform manage to reward farmers in such a high APR? Does this APR is good for long-term earning or it is just for early farmers in your platform? Thank you
Before investing in a project, an investor should get a clear understanding about the future of that project. When studying your roadmap, we cannot find your milestones within time frames. Your long term plans include activities such as audits, new products and listing on major exchanges. These goals are common to all projects. When do you conduct audits? What are the new products you are going to introduce? Are you discussing with some major exchanges regarding the listing of your token? Since this kind of important information are not available for the users, investors may think you do not have a clear plan. Why didn’t you design a detailed roadmap? Are you going to revise the existing one in the future?
$CORN has an unlimited supply. New tokens will be continuously pouring into the market and there will not be any scarcity to support the price. How do you solve this issue? Why did you decide to make the supply unlimited? Have you identified any advantages? To minimize the negative impact of the unlimited supply, are there any regular burns? Then how often do you conduct burning activities? Do you assure $CORN will not be undervalued and it will be a good investment for long term investors?
Corn Defi has no pre-sale yet it CORN tokens can only be buy at PancakeSwap v2. So,why does your platform decided to not conduct a presale? Having no presale,how did you manage to provide some liquidity and money for some expenses especially for listing purposes to some exchanges? Does your team just provided funds or do you have some third-party partnership that helps you provide funds for Liquidity? Aside from Pancakeswap,which other CEX or DEX exchanges we can expect for $CORN token to be listed? Lastly,does your smart contract already audited since your token can already be buy in Pancakeswap? Thank you
CornDeFi use Harvest Lockup technique to limit the frequency of Harvest in the purpose of preventing of dumping $CORN tokens. Can you show us the Harvest schedule that you implement on CornDeFi platform & how will it help to lock the harvest? In which manner will Harvest Lockup tool impact on Stakers?
Currently $CORN has listed on DappRadar, CoinSniper & BscScan. But these are not exchanges. What is the advantages of listing $CORN on them mentioned above? When do you hope to list $CORN on popular exchanges like binance,Uniswap etc?
LPs can provide liquidity using $BNB & get $CORN tokens instead of that on Pancakeswap. How long does it take to get our funds back, I mean what is the locking period of that pool? What is the minimum amount of $BNB that I should invest in to the pool? What kind of privileges, do you offer for LPs? How about the security condition of this pool, Is there anyone who can access the liquidity pool any time & withdraw all the funds without your permissions?
I read that there will be a Burn CORN to pump the price. How will the burn really work? All I have seen so far has never resulted in a price dump. Maybe I don’t understand the word Pumping correctly. To me, it’s a price increase of at least 50% within 10 minutes.
So my question is:
Will there be a live buyback, such as on Twitch? Will the required number of tokens be redeemed in a short time, or there will be an order for a certain price and tokens will be redeemed only when the price reaches this bar, will I be able to plan when will be the day to buy before the pamp and sell at the pamp? In other words, how will the day of redemption and burning be determined?
As a long term investor what are benefits of holding this tokens for long time? Because many investor are short term investor their main focus in on price of the tokens instead of the real aspects of the projects?
1.) Is the anti-whale 1% rate/percentage is a per transaction basis, per hour or per day?
2.) When will burning and additional liquidity start?
3.) What will be the difference of your lottery with other defi platform?
by the way, thank you very much for you wonderful project, it has a great potential based on the following points:
1.) Provision of initial liquidity and adding additional liquidity from the earnings.
2.) It is sustainable and will be beneficial for both the stakers, farmers and developers due to sustainable supply, which will attract more investors.
3.) Due to the scarcity of the corn tokens, it will filled last. After the first harvest, more corn tokens will become available for the liquidity. Demand for corn will increase pushing the corn price to increase. Then every apy will normalize and will become comparable with other platforms.
3.) Price will be stabilized through burning and through demand for liquidity provision.
I believe the project will succeed. After the 1st harvest, I hardly believe that bulk of stakers and farmers will come as they proved the legitimacy of the developers endeavor about the project. Thumbs up to the corndefi team. Thank you very much for bringing to us this platform.