AMA Satoshi Club x PufferDefi, September 19th

We are pleased to announce our next AMA on September 19th 2021 at 01:00 PM UTC Time: Satoshi Club x PufferDefi

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PufferDefi 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. PufferDefi Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about PufferDefi

For more details:
PufferDefi Website – pufferdefi.finance
PufferDefi Telegram – @pufferdefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Posted in Uncategorized

73 thoughts on “AMA Satoshi Club x PufferDefi, September 19th

  1. Questions
    1. When are we expecting presale?
    2. Who are the core partners of the project?
    3. When should we expect voting/and listing on Pancakeswap?

  2. My Questions
    1. When are we expecting presale?
    2. Who are the core partners of the project?
    3. When should we expect voting/and listing on Pancakeswap?

    Plz answer.

  3. I believe this is a faithful project.The projector has a lot of attractions so hopefully the project will be better in the future and will be the best.

  4. Will the admin take the coin community seriously ?
    What market will this coin be listed in ?
    and will there be a staking or coin mining program ?
    Will the admin hold a designer competition or a meme or other interesting competition ?
    Is there a reward for holding certain coins like other dev communities do?

  5. 1. What is coin puff?
    2. Who are the core partners of this project?
    3. When should we expect voting/and listing on Pancakeswap?

  6. Based on your Deposit Fees, a 4% fee will be charged for non-PUFF Farms/Pools deposits while 0% fee for native Farms/Pools. It is also stated there that 75% of the fees will be used to buyback and burn PUFF to pump the price. Your whitepaper did not mentioned the other 25% of this fee so may I ask, what will happen to the other 25% of the fees generated from your pool deposits? Will this be reflected to the token holders or will it be put back into your liquidity in exchanges?

  7. I have learned that PufferDefi have completed one of its five audit reports/certificates, TechRate being the first. This is the first time I’ve seen a project that will be conducting multiple audits, five to be specific, for its smart contracts and codes. Is it really necessary to conduct audit reports more than ones or twice? Is PufferDefi trying to prove something from its 5-planned audit reports? Also, in your own opinion, do you think audit reports/certificates can influence how investors, users and traders see a project?

  8. Transactions more than 1% of total supply will be rejected by using the PufferDeFi anti whale system. This is a one of a good feature that I saw in the PufferDeFi platform so can you explain about the process of this feature? This feature will help full for the small scale investors but Is this a good enough for the large scale investors?if yes, how they doing transaction more that 1%? What are the solutions that you provide for them?

  9. The $PUFF token is the governance token of the PufferDeFi what are the use-cases of $PUFF inside of the platform and will the $PUFF token utilize outside of the platform? What are the exchanges that you wish to list $PUFF? There are veriouse types of feature to earn, puffer farm, staking pool, refreferrals, and Lottrey. How much token are available for farming and what are the minimum amount that can be farmed with the PufferDeFi? You do not charge a deposit fee for the Puffer farm but why do you charge a 4% deposit fee for the stalking pool?

  10. According to your roadmap,you will arrange airdrop, Twitter, Youtube, Tiktok Contests in the future so how much $PUFF tokens do you expect to allocate for those giveaways? What are the platforms do you wish to be partnered in future? You wish to audit with few platforms so why do you expect to audit the PufferDeFi with few audit firms?

  11. When examining ROIs of your pools, I wonder how do you generate profits to distribute rewards. For example, in BUSD pool, you offer 106284434.03% ROI for one day and infinity% ROI for one year. Further, in USDT pool, one day ROI is 75139610.44% whereas one year ROI is infinity%. Are these calculations practical? Due to these high rates, I feel that I must think twice before investing in Pools. How do you assure the stability of your project? Please explain about your income sources and help us to clarify our doubts.

  12. How do you prevent whales from buying your tokens? I read that you have an anti-whale policy. However, what you have done is imposing a limit for transfers. According to that limit, transfers more than 1% of the total supply will be rejected. However, what will happen if a whale transfers 10% of the total supply as 10 transactions? Therefore, imposing a maximum transfer limit may be less effective. What is the solution for multiple transfer incidents? If you face a sell-off situation due to that kind of activity, how does your team handle it?

  13. Describing long term plans, you have indicated that PufferDeFi is going to introduce new products. You have mentioned about a lottery. What are the other products you may introduce in the future? If they are trending products, we can expect a better future for $PUFF. Therefore, please clearly explain about your longterm plans and the time frames you are going to achieve these milestones.

  14. At least we have to know how the ecosystem is today? And has the project development team audited the various interests of this project for future progress?

  15. What if we want to make a complaint if we have problems with payments/withdrawals, and various other things? Where can we report it?

  16. How about the referral code. Can this 3% bonus be withdrawn immediately? When this friend we refer has an initial income? Or are there special requirements to be able to withdraw it?

  17. It is good to know that by sharing the invite link and inviting friends I’ll earn 3% of their earnings forever. But how much each is their earnings? Like how many friends do I need to invite for a day? Will this offer continue as long as I keep sharing the invite link to my friends? Or does it have limited time?

  18. From my research, I haven’t seen your medium, lite or white paper so where can someone read more about your project? Do you have a different link for that?

  19. PufferDeFi Referral is a unique On-chain referral program that lets users earn $PUFF without depositing any tokens. As a user participating in this referral program, you just have to refer other users to stake in Farms and Staking Pools and you will be earning 3% of the rewards they receive forever. This is really exciting. Is there a limit to the number of users one can invite? If multiple users are referred to the staking pool and farm, will the 3% earning still be the same for all the users?

  20. In your roadmap, I noticed that Pufferdefi has been audited in the launch stage. But no much information as regards the audit. When was this audit carried out and which company audited pufferdefi? Can you say more about the audit result? There is also a longterm plan by pufferdefi to audit on other security companies like Certik and Hacken? Why did you choose not to audit on these major companies now and you want it for long term? The roadmap did not specify which quarter of the year this audit with certik and hacken will be carried out. Can you tell me the date and quarter of the year this audit will happen?

  21. Reading about your project I noted you have several features to prevent your supply and economic ecosystem be infesed by bots and whales, one of them is the harvest lockup, it says on your docs that this feature will be set for 6 days and people can only harvest on sunday, so these days can be arbitrarily changed at any time? Is it possible that this negatively impacts the price of the token every 7 days?

  22. I noticed that you will enable an option so that farmers can withdraw their tokens interacting directly with the MasterChef contract, can you tell us if this option will be permanently enabled? What will happen to the unharvested tokens? Can they also be withdrawn by this mechanism? And how will you prevent that certain users could abuse from this feature?

  23. I notice on your roadmap that you will have a Live Airdrop and Airdrop distribution,since your roadmap is not in Phase or Quaterly,Are you presently having any Airdrop going on?If yes,how can we participate,and when will it be distributed?You also plan to have Lottery on your platform since there is no details about it,Can you tell us how your lottery system will work? THANKs

  24. You have set up your Harvest Lockup to be set for 6 days (usually from Monday to Saturday), and users can only harvest on Sunday were they can harvest all earned $PUFF.My question is,Is there a limit to each time users harvest?Can you tell us the %of the harvest fee?What is the timing of each harvest,suppose the farming is 3hours does that mean a user can claim their farming rewards every 3 hours?

  25. Will this project offer something new to the world of cryptocurrencies? How do you plan to differentiate yourself from other projects?

  26. Why should people trust the PufferDefi platform and risk their investment with you? How much do you care about the privacy and security of its users? Has your project passed third party inspection, is there a report?

  27. Hello PufferDeFi team! I read that you have a referral program, where we can invite our friends to the PufferDeFi platform and earn rewards if they join the ecosystem! Is there a minimum number of referrals that we must have to receive our PUFF tokens? What must our referrals do for us to start earning rewards? Should they stake the PUFF token? I read that we will be earning 3% of the rewards they receive, does that mean that our reward is subtracted from their earnings? Can you clarify this for us? Thanks!

  28. The native PufferDefi token, PUFF, is launching tomorrow, however, I was surprised to see the initial token price at launch is $10, since most crypto tokens start at decimal numbers. Please tell us why is the initial price so high? What’s the reason and the purpose? Wouldn’t this put off new investors? It is very confusing and surprising to see something like this, so please tell us the exact reason…

  29. PufferDeFi Referral is a one-of-a-kind referral program that allows users to earn $ PUFF without having to deposit any tokens. So, where do PufferDeFi’s funds come from?

  30. Sometimes Automated Burning processes are opposited to Anti Whale policies as each of them has dirrent results of increasing (for ABM) and decreasing (Anti Whale) the price of coin. Please explain why you have chosen to adopt both policies at the same time? Some crypto are not so severe with whales (BTC for ex.)

  31. Please provide more details on Harvest Lockup initiative, such as the allowed periods for harvest. Is that program only aimes to fight against harving bots? How these bots are selected compared to real users? Is the lockup an automated process or it will require multiple approvals from your side?

  32. PufferDeFi Finance is a latest Generation Yield Farm and AMM decentralized exchange which is running on Binance Smart Chain. What actually makes PufferDeFi a latest Generation Yield Farm DEX? The DEX market is currently over saturated, many platforms come and go with similar visions that end up not sticking to the demand of users, how is PufferDeFi able to generate engagement in such a competitive and ever growing industry?

  33. PufferDeFi has among its features a VaultFarm that will use all LPs to generate revenue. What differenciates a VaultFarm from a regular farm, is it regarding to security of funds or other aspect? The proceeds from these farms will be used to stabilize currency prices and liquidity pools, what actions will be executed to reach stability?

  34. Transactions more than 1% of total supply will be rejected as an AntiWhale measure. If the price of the token takes off, 1% may be a Whale, and besides this, is the supply fixed or modifiable? What extra measures will be taken in the platform considering those situations?

  35. PufferDeFi has a Referral program is a unique On-chain referral program that lets users earn $PUFF by referringother users to stake in Farms and Staking Pools. How is the design of the rewards distribution in this program? Is this temporary or permanent? How can I get my referral link?

  36. One of the features of PufferDeFi’s ecosystem that cought my attention is the emergency Withdraw function which is to ensure the safety of users assets if something happens to frontend such as a DDOS attack or a temporary outage. How does the emergency Withdraw function work? How can users use this function? What are the general measures implemented to ensure safety of users assets and the ecosystem?

  37. PufferDeFi Finance is latest Generation Yield Farm and AMM decentralized exchange on BSC with lots of unique and creative features. The major challenge of Yield Farm and AMM decentralized exchange include Smart contract risks and Impermanent loss risk due to arbitrage traders taking advantage of narrow price gap to sell their token on a yield farming platform at a premium. What structure has PufferDeFi Finance ecosystem put in place to address Smart contract risks and Impermanent loss risk? How is your Vault farm implemented and how is the generated revenue from LPs used to stabilize currency prices and liquidity pools?

  38. PufferDeFi Finance aims to make it’s community vibrant and keep it’s members engaged through an upcoming Twitter, Youtube, Tiktok Contests and Lottery. Would there be any requirements for users to participate in these contests? Can you give us a sneak peek into how the Twitter, Youtube, Tiktok Contests and Lottery would be implemented generally?

  39. Greetings, PufferDefi as a new user and hardly aware of your project I would like to know about him and understand him better, my question is: how to start in PufferDefi from scratch, I only have a Metamask wallet and I see that I can connect it with the platform, but in what currency can I invest if I don’t have PUFF tokens? Where to get them, the countdown for the purchase is about to end, it will be listed in some exchange, can you supply us with the names of where to buy the token? What is the functionality that we can give to the token within the platform? Explain to us how to give the best use to the token to get the best out of it, thanks

  40. PufferDefi, you have unique and creative characteristics, but I would like to know what is the difference between your project and so many defi projects that exist? What functions does PufferDefi use to be different? which LPs can be used to generate income? and what will this income be used for? How will these benefits be processed? What would be the commission rate, would any additional GAS rate be paid? tell us about these functions to understand them better

  41. As stated, all deposited assets on the PufferDefi farm will be managed by the Vault. These assets, are then used to BuyBack and Destroy Puff resulting in an increased liquidity. However, these actions as stated would be handled by the development team. As a next generation decentralized exchange, why is this important task left to members of the development team, why are such actions not automatically programmed and executed by the smart contract, and as the Dev team receives this income once a day to perform such task, what guarantees has PufferDefi that such funds will be efficiently used by the team, and will there be future plans to decentralize such operations?

  42. Going through your twitter feeds and related posts, I noticed you currently have an airdrop event, which serves as a prelude to your official launch tomorrow. This event is said to run till the 20th of October 2021. Can you carefully provide further details on this event, how can we participate, what are the requirements and rewards for this event and what other campaigns and event does PufferDefi have in-line for it’s loyal community of investors and members, what are your future promotional plans?

  43. With Puffer Defi,if something happens to PufferDeFi’s frontend such as a DDOS attack or a temporary outage, farmers can still withdraw their tokens by direct interaction with the MasterChef contract in which we can call the emergency withdraw function with in the platform. So,can you explain how would the emergency withdrawal works especially with DDOS attack or any temporary outage? Can we withdraw all our assets through emergency withdrawal during those events or there is a minimum amount to withdraw only? If emergency withdrawal is being done,does the transaction process will still be normal or there will be a waiting period of time upon withdrawal? Aside from those mentioned events,what other events in your platform we can use the emergency withdrawal function in Puffer Defi? What if we accidentally press or push through the emergency withdrawal even without those events,what will happen to our assets? Thank you

  44. Two of the unique and great features of Puffer Defi are the Automatic Liquidity and Automatic Burning. So,can you explain more about this two features in your platform? How does Automatic Liquidity and Automatic Burning works and being imposed in your platform? Is there any time schedule being set for automatic burning?How can anyone provide liquidity for this automatic liquidity in your platform? Why do you apply this automatic mechanism in Puffer Defi network? What are the advantages and impacts that Automatic Liquidity and Automatic Burning will bring to your investors,community and network especially to the value of your tokens? Thank you

  45. On 20th of September at 12 PM UTC, Fair launch of PufferDeFi platform will take place on Pancakeswap. Please share with us more details on this fair launch event? And I heard that the initial price of a single $PUFF token will be 10$ on Pancakeswap. Why is the price of a $PUFF token soo much high? How much amount of $PUFF tokens will you supply for Pancakeswap trading, Will you put the entire amount of $PUFF tokens which is 1,000 of total supply? How much amount of $PUFF tokens Can I buy maximumly from Pancakeswap? How Will you add initial liquidity to the Pancakeswap, Will the initial liquidity be provided by your self or Do you have investors to provide initial liquidity to the Pancakeswap? What about slippage that should set to buy $PUFF tokens? What will you do with funds coming from Pancakeswap, Will the funds be locked for a certain time period?

  46. PufferDeFi follows a anti whale mechanism in order to make sure to avoid high dumping situations on $PUFF tokens. What is the maximum amount that a single user can transfer at once? Does this mean that buyers also Can’t buy more than the maximum Transaction limit? In which way will the anti whale system be impacted on the PufferDeFi ecosystem, Will it be good for users or not, since the total supply of $PUFF tokens have been limited to 1000?

  47. Hello,
    The website states “40% of the daily income will be used to automatically BuyBack PUFF”. How would the team proceed in future in case it wants to expand or inherit new technological development in its system?

  48. In Launch stage of Your roadmap, You hope to find out partnerships since you have not partnerships currently. Do you have some unofficial discussions with world top platforms in Crypto space? What kind of Partnerships & collaborations, are you looking for? Do you intend to focus on Some NFT platforms to collaborate since you have involved already in Farming events? Please tell us some good news of PufferDeFi’s strategic partnerships?

  49. ✨When are we expecting it’s presale? What is the reason behind choosing pancakeswap only? Will it be going to be listed on other platforms too?

  50. With a unlimited supply of PUFF tokens, you built it on the binance smart chain as a BEP20 token. So initially you supply 1000 of PUFF tokens for the first deployment on fair launch event. Why did you decide to make it as a unlimited supply since unlimited supply will definitely cause the inflation & price reduction of PUFF token? Which methods will you use to stabilize the price constantly with the unlimited supply? Will you deploy a burning method for the unlimited supply as a common solution? And also you charge a deposit fee from the farming pools. What is the intention of the deposit fee? May be, Will the PUFF users leave the PufferDeFi farming pools due to the deposit fees?

  51. PufferDeFi initiate a referral program to get more active users to their project. In Most of referral programs of other projects, it should have a minimum number of referees to receive rewards & withdraw referral earnings. Will PufferDeFi do the same in their referral program? How many referees Do I need to activate my referral account & What is the maximum limit of referees that I can affiliate? Could you please elaborate about the reward distribution & how will the rewards from the referral program be calculated by PufferDeFi project?

  52. Though PufferDeFi will Conduct the fair launch event 20th of September on PancakeSwap, You have not publish your audit report of your Smart Contract. Is it fair enough to launch the PUFF token without a proper audit report by a reputable audit institute? I saw that PufferDeFi will be audited with Certik institute in your roadmap. When will the audit with Certik be conducted? Do you think, it will be better if more audits will be done in periodically?

  53. PufferDefi how secure is the contract offered by Puffer Defi? Can you provide us with the contract address here, in which chain is it? Explain some details of how to do the contract well, what anti whale system are you using? What is the response capacity and security offered to the user at the time of an emergency in the system? How much would the percentage of the issuance and deposit fee be? You could better explain all these functions to us. Thanks

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