We are pleased to announce our next AMA on August 28th 2021 at 03:00 PM UTC Time: Satoshi Club x EQIFI
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join EQIFI Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. EQIFI Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about EQIFI
For more details:
EQIFI Website – eqifi.com
EQIFI Telegram – @eqifi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
EQIFI is unique in that it is the first DeFi platform to combine decentralization and DeFi products with a digital bank. The objective of EQIFI is to be the bridge between the two worlds to unite them, something that has not been done before. How are you working to achieve the correct union between DeFi and CeFi? What difficulties has the team encountered along the way?
EQIFi is a big advocate for proper regulation in this space. EQIFi is unique in that you have already applied for your Investment Manager and Stock Broker License. How is the EQUiFI team protecting itself in case states begin to introduce regulation on cryptography? as we are observing in many countries. Do you think the impact of EQIFI activities is manageable?
EQIFI, being a platform that seeks to unify the best of CeFi with DeFi, must address two major problems: access to banking services on the DeFi side and the lack of good interest that products will show on the digital banking side. What is the EQIFI Team doing to address these issues? How have you dealt with them?
One of Eqifi’s products is The Global EQIFI Credit Card. In how many countries will this credit card be accepted? How can we be eligible to get our Global Secured MasterCard? Where can we register to obtain it? How much is the limit of this card? Can we use our card for online purchases too?
I read on your website that there are numerous benefits for EQX token holders. One of the benefits that caught my attention is that there will be rewards for being one of the first 10,000 to hold EQX. Can you share with us what that reward will be? Will the reward be the same for user number 1 as it is for user 10,000?
There are quite a number of benefits for holders of Equifi Token (EQX), one of the benefits is that EQX Token holders will have Priority Access to EQIBank bank accounts otherwise known as “Priority bank accounts”, so what are the features of this priority bank accounts, how are they different from the regular Equifi bank accounts, and what is the amount of EQX that users need to possess to have this priority access to EQIBank bank accounts and does a user need to only hold EQX to get the priority access to EQIBank bank accounts…
One of the ways Equifi is said to Mitigate Risk on its platform is by what it calls “Interest Rate Swaps” it is stated that Interest Rate Swaps offer a way to reduce the risk by switching variable rate interest for a fixed rate for both loans and deposits…. so how does this Interest rate swap happen, under what conditions or factors does the interest rate swap between a fixed rate and variable rate occur for both loans and deposits in Equifi and how does this interest rate swap go on to affect the loans and deposits of clients…
One of the products of Equifi is a Yield aggregator which users can use to optimize returns.. it is stated that this yield aggregator optimizes returns across multiple protocols automatically finding the best yields for money of its users …The yield aggregator Automatically allocates funds between platforms, and Maximize rewards from 100s of liquidity pools, AMM projects, & more.. so what are the unique features of this yield aggregator, in what ways does it optimize the returns of users, what liquidity pools or projects does your Yield aggregator maximize returns from, and what are the requirements for using Equifi’s Yield aggregator…
EQIFI users are eligible for a Global Secured MasterCard, including a virtual card, for online transactions & anywhere MasterCard is accepted. Is it also a credit card? How can I apply for and receive a card? How can I activate it and what features will it give me? Will the card be personalized? For which currency will Global MasterCard EQIFI be provided, what limit will it have for cash withdrawals from ATMs and will there be a transaction fee as well as card service fees?
Fixed rate products, Variable Rate products and Interest Rate Swap Products are some EQIFI’s DeFi loan, algorithmic borrow, Swap Products that caught my attention. Can you briefly explain these products and the uniqueness of each of them? What are the requirements for users to be able to loan, borrow or Swap?
EQIFI is very unique because it’s one of the only tokens to work with a actual regulated bank. The problem with crypto these days is that central banks dont want to do anything with crypto and will do anything to destroy crypto. My question is do you think banks will take notice on how EQIBANK and EQIFI could work together, and can it build a bridge between central banks and the crypto industry?
Thanks for reading!
The EQIFI Yield Aggregator Product enables users to participate in a spread of high-yield farmingproducts. The product is said to be structured into fixed term as anopen ended product based on users’ needs. So how does the Aggregator Product aggregate and analyze market conditions to provide maximum flexibility and best interest for users? What are the requirements for users to utilize the Yield Aggregator?
EQIFi has builds a global DeFi gateway for users, delivering more products and services than any other platform and simplifying the complex world of DeFi not only that your mission is to become the gateway for everyone to the DeFi industry.My question is, What opportunity does EQIFI have for people around the globe?And what infrastructure have you put in place for real-time digital interactions?Do you also have an Ambassador program to create awareness of your project?
Aggregators played a key role in the recent yield farming craze by leveraging DeFi protocols to maximize user returns. While protocols such as Compound, Uniswap, and others have built out user-facing applications, their priority remains centered on core functionality.In contrast, What does EQIFI Yield Aggregators focuses on?For example,In the case of an alternative savings account, will users need to worry about the underlying smart contracts or network or they simply deposit money and watch interest accrue?
In the DeFi space many crypto enthusiasts believe that collateralization is a major part of DeFi as such they started accepting “over -collateralization”as the norm in DeFi space.Over-collateralization occurs when the value of the borrower’s staked asset is more than that of the loan amount.Since it is bad,how will EQIFI solve the issue of over-collateralization to help DeFi achieve a higher adoption rate?And how will you secure the funds of lenders?
EQIFI provides a single uniform
platform for DeFi products and EQIBank a digital bank. This definitely has enormous opportunity it will open to the Crypto space and Digital Banking/Assets. What are your plans, partnership, features and Products in your ecosystem to help FasTrack and achieve mainstream adoption?
What are the main uses and functionalities of EQX, tell us a little more about EQIFI Yield Aggregator, what benefits it brings to EQIFI and other projects, from a financial point of view, what risks it can face and how they can be mitigated, which ones Are the strengths and weaknesses present in the platform and finally, what is the most ambitious goal that EQX has set for itself?
Is EQIFI a digital bank?, Who legally endorses its protocols and gives it the power to issue financial instruments such as debit cards, as well as they give participation to fiat currencies through MasterCards they plan to incorporate stable cryptocurrencies, who could be their investors, only the holders of large capitals or do they think about the inclusion of retailers without creating stereotypes or differences?
Traditional finance has had a long period of recession which has worsened as a result of Covid19, unlike decentralized finance that has spread globally as a result of the pandemic, do you consider that Defi will become a single financial system During this time, many sectors have joined passive investment and cryptocurrency activities, which are the most vulnerable and difficult sectors to adapt to DeFi, which EQIFI proposes to achieve greater integration?
Greetings EQIFI, something that I took into account on your website was that I found little information about the communities and social networks for the EQIFI project, how would the contribution of the communities to help with the growth of EQIFI, how important are the communities for your draft? Explain what strategies you would use with the community.
We know that EQIFI creates a global DeFi gateway, but apart from these characteristics, what is the main mission that EQIFI offers to DEFI industries? What would be the vision of EQFI, to achieve security and that is fast and easy to use and have access to the newest financial products and services in the finance market, explain us about these strategies. to get to know the project better. Thank you
EQIFI, has the EQX Token, but what are the benefits of the EQX Token, if I keep a considerable amount of Tokens, over what functions can I have control; Can I adjust an interest rate or guarantee limits for a longer time? Could you explain to us how to better understand these functions in the project to better understand and make use easier.
I find the EQIFI Debit Card very interesting, I have been reading about it and the truth is that it offers many benefits to users. Do you ship internationally to all countries around the world? How much is the maximum number of cards we can order? How do you guarantee the safety of user funds? How do you prevent fraudulent spending?
EQIFI is the world’s first seamless bridge to Decentralized Finance, it makes use of Community Powered DeFi. With this course of action, EQIFI democratizes products previously only available to the privileged, what products are exactly democratized, how were them only for the privileged before, and how can I as a simple user access to it?
Hello to the person reading! My question is do you think the big aspirations and unique concept of connecting crypto to a regulated bank will inspire present cryptos or even future cryptos to change they’re ways and start connecting their token with a certain bank? Will EQIFI start a new trend?
In my opinion I think so! Let’s see what the Devs will say!
Thanks for reading
Despite EQIFI is a Community Powered DeFi project, users must Hold at least 200,000 EQIFI Tokens to be able to propose governance actions in executable code. How easy would it be to a small investor to get to that amount of tokens, and besides this rule, does the governance mechanism have any other that would be directed to avoid that whales could take control of the proposals and decisions?
The EQX token offers a tiered rewards system for token holders corresponding to their loan terms and APY received on staked tokens. These benefit increases from tier 1 to tier 4, with additional incentives for borrowing, lending, swapping, & yield bonus all tied to a users current tier standing. For better investor understanding and to make good with available EQX token benefits, can you graciously explain the features and corresponding rewards schemes attached to the various tiers, what are the minimum requirements for each tier, can an investor suddenly move up the next available tier even if they are currently on staking/loan regime, and what are the durations of each loan tier?
With reference to recent communication by the EQIFI team on it’s official telegram group, your project has experienced impressive growth figures in relation to launching 3 weeks ago; community and investor numbers are on a steady rise and there are plans for even broader expansions with dedicated exchange listings rolling out in the coming months. Even as impressive as they might be, there were some identifiable challenges on your tech front, how will EQIFI address this and offer a better user experience, and you talked about working closely with over 2 dozen exchanges in offering your unique services, how early should we expect this and would it involve both CEX and DEX listings?
Most digital e-commerce platform is geared towards profit maximisation with little focus on customer satisfaction. Even the most popular CEX of today is found to have unfriendly customer care. As a regulated digital bank, how does EQIBank customer representatives address users complain and concern? How responsive are they and how do they communicate feedback as to the level of resolution attained with such concerns? Also, I saw that you will have relationship manager for premium clients. What type of users are categorised as premium? Is the categorisation based on their financial worth to you or the number of business years shared together? How do both relationship manager and customer agents work passionately to enhance users e-banking experience?
As a platform that merge DeFi with CeFi digital banking, how is EQIFI positioned to stand tall above any regulatory constraints and interference? What is the update with the Investment Manager and Broker Dealer License that you applied for and how will you be able to scale traditional fiat, capital markets and DeFi components simultaneously without running at loggerhead with compliance and AML bottleneck? Also, can your global decentralized user access account custody, debits/ credits cards, and Wealth management tools without unnecessary censorship or are they limited to DeFi functions of staking, borrowing and interest rate lending?
Your token distribution is broadly divided into two: your completed fundraise was given 25% while your operational reserve will champion a massive 75% $EQX. Can you clarify the ways the operational reserve will be managed? Who are you backers and advisors and why do they have additional 5% from the operational reserve when these advisors might have already participated in the 25% of seed and strategic round allocation? How can general investors access the 20% from the operational reserve that you dedicate for liquidity mining which you plan to distribute over 36 month period? Since your token exist as BEP-20 and ERC-20, on which platform can users access liquidity mining based on the token variants they hold?
Hi Equifi!
Equifi has an exciting concept that provides a single platform for DeFi products with all that users can need: EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management. I want to learn more about bank accounts and credit cards side of things. Does Equifi use a centralized system to create the EQIBank bank accounts? What provider do you partner with to issue physical credit cards and what are the borrowing fees for the credit line? And lastly, do you accept only crypto or fiat as well as a collateral for loans?
Thank you!
Hi Equifi!
As we are all too aware, many different DeFi projects suffered from the flash loan attacks or other hacks recently. Does Equifi have a flashloan function in the smart contract or other features that were recently exploited on other platforms? Have you considered these attack vectors and what are the defense measures you use to guarantee safety of users’ funds? Can you share some info about the 3d party audits if you had any done?
Thank you
Hi Equifi!
There are many defi projects around and new ones keep appearing. What are Equifi’s unique features that stand you apart and cannot be easily found on the competing DeFi platforms? What’s your secret sauce 🙂 How do you plan to become the major player in the defy space and invite users over to Equifi, and more importantly, how do you make sure users become loyal Equifi fans and remain with you?
Thank you!
EQIBank recently launched its DeFi platform in order to give DeFi users access to top grade digital banking option. Your DeFi dApp which runs on platform.eqifi.com provide wide range of access to products such as staking, governance voting, cross-chain swaps etc. However, since you were launched on August 7th, these services are not available for mobile users. I have tried to connect using my mobile device but am unable to do so. Why did you launch as desktop and PC versions first when most users have more regular access to their mobile device daily compared to PC? When will you release a mobile compatible version? When do you plan to rectify some of the design, usability and technical hitches of the present platform and what plans do you have to deliver a platform that can provide a satisfying user experience?
I saw that you have a platform reward of 25$ worth of $EQX for your first 10,000 early adopters and that EQX holders will get better rates on your platform. Is this reward incentive meant for both EQIBank and EQIFI DeFi platform users or is it meant to reward the first 10,000 users to join EQIFI when it was launched early this month? How will a user knows if he is among the first 10,000 early birds and How many platform users do you have now? When is the campaign expected to end and apart from this, what other community engagement reward will you introduce?
Can you talk about your loan protection strategy? How is the automatic lender protection built in your smart contract able to offer remedial solution when the market value of an underlying collateral drops below the prescribe LTV? How will this automatically safeguard lenders and help to drive liquidity?
EQIFI Combine multiple assets in a single investment product DeFI platform accept funds in WBTC, ETH, USDC, USDC &EQX. How much WBTC, ETH, USDC, USDT, is equivalent to 200,000 EQIFI TOKENS?
EQIFI’s Token EQX – EQX, your native token, bestows numerous benefits to users on the platform from rewards for being one of the first 10,000 to hold EXQ. How many EQX holders do you have at the moment? Can you honestly tell us so an ethusiast as myself can know my chances of getting rewarded? How does your discounts on every fee works? What is the cost of 1 EQIFI Token? How practicable is it to hold 200,000 EQIFI Tokens to be eligible to propose governance actions in executable code and what is it’s benefit to the holder of 200,000 EQUIFI Tokens? Please do well to address us on this.
Yield Farming is actually one of the most profitable ways to earn high returns in DeFi. EQIFI Yield aggregator optimizes returns across multiple protocols automatically finding the best Yields for my money. How does your Yield Aggregator successfully executes this yield to the benefits of the Farmer and automatically allocate funds between platforms, maximizing Pools, AMM Projects? And again, how much gas fee is payable under your platform for all these transactions and Bank charges in view of the fact you partner with a Bank in this?
You have introduced 4 staking tiers, 10K+ $EQX, 70K+ $EQX, 200K+ $EQX and 1M+ $EQX. There is a huge gap between the basic tier and the most advance tier. Further, 1M+ $EQX means there is no maximum limit to stake. Didn’t you think about whale attacks? Whales can easily stake in tier 4. When they unstake their holdings and sell them in the market, the selling pressure of $EQX will increase and it will make the token undervalued. This situation has a negative impact on small stakers. How do you face this issue? Do you have a proper plan to prevent whale activities?
Currently, many wallets offer rewards for holding crypto assets. NEXO and Celsius are more popular among them. Further, major exchanges such as Binance and KuCoin offer saving and staking opportunities. How do you compete with these platforms? What are your unique features in terms of rewads and security? Normally, stakers are eligible for a higher interest rate when they choose to get the rewards with the native token of the platform. Is it applicable to EQIFI? Do you offer better rewards if we receive the interest with $EQX?
With Eqifi,we can take our loan payments more predictable in which we can swap our variable rate loan for a fixed rate loan with the “Set it and Forget it” option. So can you explain more about this option in your platform? What advantages that this option has to offer to your clients and customer? Why does it name “Set it and Forget it”? Can you elaborate it more? With this option ,how can we swap our variable rate loan for a fixed rate loan? In Eqifi loan,which rate is higher the variable rate or the fixed rate? Does the “Set it and Forget it” Option is good for any term of your loan? Thank you!
Currently, Visa is more popular than Master. Then why did you decide to introduce a Master Card instead of a Visa Card? You have indicated that your cardholders can make payments and access funds at any ATM worldwide. Some governments have imposed bans on using cryptocurrency. Does your card work in those countries too? When applying for the card, do we have to be aware of legal frameworks regarding cryptocurrency in our countries? When making payments, do you convert funds to USD or to our local currency? By the way, virtual cards are nowadays becoming popular. In addition to this physical card, don’t you have a plan to introduce a virtual form which can be generated and utilized easily for online transactions?
By holding $EQX, we can reduced Fees and we can enjoy higher limits on Defi products. So,does this reduce fees can be applied to any transaction in your platform? How much fees would be reduced? What are the Defi products we can get and buy with Eqifi to enjoy some limits and privileges? Is there any minimum amount to hold $EQX to reduced Fees and to enjoy higher limits to some Defi products? Thank you
You plan to create EQIFI Debit cards & it will release soon. But there are lot of Debit cards are available in the DeFis & CeFis presently. What is the main purpose of these Upcoming EQIFI Debit cards? How will it differ from traditional Debit Cards? All we know, when we use our Debit cards, Some occult fees are incurred. What about the EQIFI Debit cards in this case, will there be extra fees in addition to payment & withdrawal fees? Which currencies will You allow to make payments & access to funds via EQIFI Debit cards, Should I use $EQX or $USD? Finally I want to know what kind of benefits will I receive by using EQIFI Debit cards?
EQIFI platform powered by EQIBank which is involved in wider Financial area with centralisation. So how will you define EQIFI platform as a democratized DeFi platform, is it a kind of CeFi+DeFi platform? What about the governance model of EQIFI platform? Does the team have all kind of rights to make decisions on important stages or will users be able to participate/vote on major events within EQIFI ecosystem?
Recently, You have announced a competition “Be the first user to stake 1,000,000 $EQX & Win 50,000 USDT”. Can you tell us more details about This impressive contest? When will this contest last? From where can I buy $EQX so that I can stake? Will there be consolation prices for other stakers who participated in this contest?
On borrowing feature, You accept ETH, wBTC, USDC & USDT for pooled loans which Fixed Interest Rates are algorithmically set by smart contract. Whar is the average interest rate for loans? What are the major types of loan do you offer in Borrowing sector & what are the advantages of them? Can you tell me the percentage that I should deposit as a collateral to get a 1000$ worth of $EQX? Is KYC/AML necessary in order to interact with borrowing feature? What are the regulations & policies of the loan process?
Talking about the benefits of $EQX, you have implemented a four kind of Tier system on staking rewards. What are these Tier system & what are the main advantages of them? You promised a bonus APY for the $EQX holders. Please share with us some details about this offer? And also there are discounts on every fee for being one of the first 10,000 to hold EQX. How much amount or percentage will you let the stakers free from fees? What about the other holders, will you incur some fees from them? And please tell me if there are more benefits in $EQX, that I’ve missed?
I want to know about EQIFI community based governance. Only you put on your website, is “EQX holders can vote for new features”. How will this voting system work? Will it need KYC protocal since there are many Bots activities, can happened? Is it true that you don’t unhand the rights & authority within EQIFI ecosystem?
EQIFI DeFi platform powered by a licensed and regulated digital global bank. Does the bank have reserves in the form of gold, government bonds? I wonder if the bank will be able to repay deposits from funds that have a more stable value than cryptocurrency?
I can tell you otherwise. When I deposit my cryptocurrency funds to the bank, can I count on a guarantee that if something goes wrong and a law is passed making cryptocurrency worthless, then my funds will be returned to me in fiat currency, equivalent of dollar, euro.
Security is one of the most important aspects of today’s future and futures trading funds. How important is security and privacy to EQUFI? What security systems does EQUFI use or provide with its own team? Is the EQUFI smart contract audited report available?
One of your IRS products will reduce the volatility of variable rate deposits, loans and certain money market products. Can you tell us more about this, how the product name stands for, how these processes are technically arranged and what benefits they can bring to users, and how can we take advantage of the IRS?
I saw REFINANCING, an interest rate swap that caught my eye on your platform, can you explain the REFINANCING system in simple sentences, how will the system work? How will interest rates be determined? Is there an artificial intelligence behind the system, or is it humans or humans?
You claim that EQIFi brings the best out of banking giving us the tools to simplify asset management, lend. What banking products can you offer us to save us from visiting banks? How do we use them, what kind of registration or personal data verification do we need to go through?
Given your close ties to a bank and real-world finance, is it necessary to complete a verification or KYC in order to benefit from Eqifi’s features?
The Eqifi technology is incredible, however the only flaw I see is that your product relies on the Ethereum Network; have you considered integrating another chain to avoid the Ethereum Network’s exorbitant transaction fees?
Globally, communities from different regions can bring interesting ideas to projects. What does the community mean for EQIFI, is EQIFI a local project or a global one? If EQIFI is affected by the global obstacles experienced in Defi, how does it find a solution?
Nowadays, many projects are born that are financially successful, and investments in these projects bring income. Does EQIBank or the EQIFI platform participate in financing potentially profitable projects? If so, is the income shared between the holders of EQX token?
I have a question about the Debit Card. On the website of the bank it is stated that the opening of
Multi-currency account application fee (non-refundable) USD 1,000
Minimum balance across currencies (over time) USD 15,000
And other service fees are very high.
Tell me, EQIFI platform is regulated by EQIbank, it means I will have to pass KYC and follow these minimums? I will not be able to invest $500 for example?
Good job and great a big projects