We are pleased to announce our next AMA on December 13th 2021 at 01:00 PM UTC Time: Satoshi Club x Annex
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Annex Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Annex Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Annex
For more details:
Annex Website – annex.finance
Annex Telegram – @Annex_finance_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Annex Finance – (Key Features), one of the key features of Annex Finance according to your white paper v1.7 (August 10th, 2021) is to enforce the projects commitment to the benefit of the community, BEP20 Tokens Swap & Liquidity Mining, Borrow Stablecoins from supplied collateral, securing native LP which allows to earn high APY for providing liquidity to the protocol, etc and, liquidity will be controlled via Smart Contracts, but stakeholders will have access to their own funds. Now my question is, could you please explain to us enthusiasts why after all liquidity locked controlled via Smart Contracts, and stakeholders will still have access to their own funds while others will not? What is the integrity there when only stakeholders will have access to their own funds already in the LP? What do your platform set out achieve by so doing? Don’t you think your platform will be prone to rug with such practice? Lastly, who are the stakeholders and what qualify’s one as a stakeholder under your Ecosystem? Explain to us
Thanks
First of all, i understand that Annex Finance is A
DEX/AMM and Lending/Borrowing Platform, that Create a secure lending platform where lenders receive a compounded interest rate, which is then, paid per block while borrower pays interest on the cryptocurrency borrowed, well, in-line with this development, we all agree that security is one of the Most vital aspect in any Business transaction whatsoever, hence i would like to know what are the requirements for users to join your platform? Is there going to be a KYC to validate users who wanna Use your Platform? What measures have you kept in place to ensure that there is appropriate Management of Transactions withing Users on your platform? Is there going to be a deadline or Penalty for the Borrower if they are unable to meet up payments on the stipulated time?
Annex finance also features Auctions on its platform, Called the ANNEX AUCTION, and 5 auctions was listed, which are the :
Dutch Auction
Fixed swap Auction
Sealed Bid Auction
Batch Auction
English Auction. Are this auctions accessible by every user in your the platform? And out of those Auctions listed, i saw that the (Batch Auction) was recommended, which was later explained in the whitepaper, the Dutch Auctions was also Explained which was used to compare the Batch auctions, so, why did you guys recommend the Batch Auctions over the rest? Can you give us insights and functionalities on the other Auctioning options that wasn’t explained in your white paper? So as to satisfy our curiosity on What made you recommend the batch Auction over the rest?
Annex is said to be a decentralised marketplace for lenders and borrowers which is established on the Binance Smart Chain but while going through your website, I found out that Tron network is one of the partners of Annex. Can you give more information about this partnership? Why did you partner with Tron network? What are the contributions made by the Tron network to the Annex ecosystem? Are there plans to establish the Annex platform on the Tron network in future?
I learnt that Annex Finance users can supply various supported cryptocurrencies or digital assets onto the platform, which can be used as collateral for loans, supply
liquidity and earn an APY. Can you mention the cryptocurrencies/digital assets supported in the Annex Finance platform? I learnt that the APY that users who supply their cryptocurrency to the Annex platform will receive will vary. What are the factors that the APY will depend on? Will users be able to withdraw their supply anytime they want to?
Annex Platform offers Decentralized Auction created to ease the process of launching a new project on the ANNEXSWAP Exchange and Annex supports 5 types of Auctions which include Dutch, Fixed Swap, Sealed Bid, Batch and English Auction but they recommended Batch Auctions for ILO. Can you elaborate more on your Annex Auction? Can you explain on how projects can apply for Annex Auction? What are the keys benefits which Annex auction brings to Projects? Can you also explain on the auction and bidding process and regulations? Can you elaborate on the different types of Auctions which Annex Supports and why the Batch Auction was recommend for ILO?
Annex will be the first to provide a DEX swap allowing users to create LP and liquidity itself to mint high APY returns and increase ANN price/volumes while allowing users to borrow and supply assets through smart contracts. in line this I understand annex will be launching 2 versions of their project. Can you elaborate more on your DEX swap and how users can create their own LP and liquidity to mint High APY returns? Can you explain on these two versions of annex project and their features? Why did you choose to launch 2 versions instead of integrating them and launching it as 1? Also, can you elaborate on how user can borrow and supply asset through smart Contracts and rewards and incentives they receive for borrowing and supplying assets?
NFT is becoming a trending topic in the crypto space today and In Annex Platform, Users can create their own items on blockchain using the Annex NFT item Minting tool and also users can get their items added to the Annex NFT marketplace. Can you elaborate more on the Annex NFT item Minting tool and it features? What are the requirements for users to create their own Items on the blockchain using the Annex NFT item Minting tool? How can users add their NFTs and items to the Annex NFT marketplace? How are the value of user created NFT/items determined?
About your liquidity incentive structure, I found out that your protocol doesn’t guarantee liquidity, instead, it relies on the interest rate model to incentivize it. Can you give more information about this interest rate model? How does the interest rate model work and why did Annex Finance decide to employ this model
You are planning to have two versions of your project. V1 will run on Binance Smart Chain with the advantage of low fee and high security. However, V2 will run on Ethereum that has high fee. Your reason for using Ethereum is to enable cross-chain lending. But will cross-chain only be limited to Ethereum? If you will support other chains apart from this two, does it mean you will have V3, v4 and so on, based on the number of chains? And since you are creating a different version for each chain, will each project version have different token version and supply or can the same token model power the activities of any chain you will operate on? I will also like to know at what time you will be launching the V2 of the project? Lastly, apart from blockchain integration, are there any new upgrade that you are adding to the different versions and will users be able to perform similar operations on all versions?
You mentioned in your whitepaper that there will be a total limited supply of 1,000,000,000 $ANN tokens, and initial distribution supply of 50,000,000 tokens. How do you plan to distribute this initial supply? What is the allocation for private sales, public sales? Are there VC seed sale allocation and are you planing a fundraise? Also, when are you planning the release of the remaining supply? Lastly, what is the burn mechanisms for this tokens and what event will you introduce to sustain its value?
From your roadmap Phase you plan to conduct ILO for $ANN token which will give you instant liquidity for your native token. So tell us,have you already conducted your ILO or you are yet to do so?What are the processes in your ILO?Why did you go for ILO,do you think it’s more better than IEO/ICO?What are the benefits of conducting ILO in your platform?Should in case your ILO is yet to be conducted,can you share with us how we can join/participate in the ILO? Please explain Thanks
You announced a new rewarding system known as “The Margin Lending” which offers better lending/borrowing rates for investors who are holding a certain amount of $ANN token with returns of higher leverage.So can you first tell us if this new system is already in place?What are the opportunities/benefits of the Margin Lending?Will your Margin Lending also have some tax benefits?Sometimes it is best to also look at the risky side of things not only the benefits.So does your Margin Lending have any risk?If yes,can you tell us how you will mitigate such risks for the benefits of users?Please explain Thanks
Some products that Annex plan to release soon is “Crypto Debit Cards” and also to implement “Amazon Seller Center”.So can you tell us more about this soon to be released products?What are you going to release them?What are the things users can do with your debit cards?Will your debit cards support all regions?When the debit cards are finally available will users have to complete KYC to get one of it?And for the Amazon Sell Center,does that mean users can actually use $ANN toke to purchase things on Amazon?Please explain Thanks
what do you think will be the competitive aspect Annex will bring to the space? What do you guys will bring that will make me go to Annex instead of old and more tested protocols?
Because I see there are a lot of similar projects already in the space.
What will be the key aspect that will differentiate you from the rest?
Without a doubt Annex has taken a big step by becoming the first platform to offer lending/borrowing on Cronos network, but here is the thing … what are the advantages of operating lending in this chain? Currently there are many possibilities … what solutions does Cronos offer in the face of the vast immense number of lending systems in other well-known networks?
One of the advantages of current lending protocols that users can easily obtain loans without the need for a third party, can you tell us if this model applies to the Annex platform? What are the first steps that users must carry out in order to operate with AToken as a collateral? Also, are there other case uses of this token worth becoming a holder for?
Was the whole protocol audited or just the token?
Because i have seen a few protocols only auditing their ERC-20/BEP-20 token contract but not the major ones with all the functions like the lending or swap as an example.
What’s one question nobody ever asks you that you wish they would, and what’s the answer?
Can be something you wish people ask more about Annex and no one ever asks.
Do you believe that it will be possible for Annex to fulfill everything it has promised to Defi users, the decentralized financial system has registered a high rebound and growth of users and project creators causing an increasingly demanding competitive level, as Annex prepares to face to your competitors or instead of competing to join forces with your colleagues to offer the best alternatives to the users who are ultimately the ones that give life and sustainability to the financial sector?
I read that they have short-term plans to create their marketplace or an NFT market, apart from the NFTs that other elements will be able to market through it, that other plans and ideas they plan to develop in terms of services and operations and how they will do to To ensure you have solid liquidity in your platform, do you consider being able to become an integral platform capable of covering everything financially possible in Defi?
What are the most frequent failures in network chains and why is it so difficult to achieve interoperability and target multiple chains at the same time, in addition to the loans that other outstanding and innovative features ANNEX offers to the congested Defi market, which Are the big gaps in Defi that you can or plan to fill, have you thought about creating your own stable moneds or integrating others to your platform?
Reading through the discussions and publications in your telegram group, I discovered that Annex has adopted a system of monthly burns and buybacks. As a matter of fact, it has been able to burn a total of 67,624 ANN tokens as of December 1st 2021. Though this token economic models aren’t new, but may we know why Annex has opted to increase its Token burns and buybacks every month? For how long will this operations be performed? Also, asides these attempts to create scarcity and increase market value of $ANN tokens, what other alternatives does Annex employ to strengthen market value of $ANN tokens?
With respect to the Annex Auction services, I noticed you will be offering six different auctioning services namely; Dutch, Fixed Swap, Sealed Bid, Batch and English Auctions. Since these services are primarily created to ease the process of lunching a new project on AnnexSwap, can you briefly talk on them as listed, what are their individual advantages, and how well will the protocol chose the best Auction chioce for an investor? Also can you carefully explain the typical auctioneering process, and may we know how the successful and unsuccessful bidders are compensated after the end of each auctioning round?
Which users is Annex intended for, does it work only with stable coins or do you intend to work with more tokens in the future? I see that you are currently built on Binance Smart Chain and that all your assets are BEP-20. Do you plan to change this in the future or add compatibility with other blockchains like Avalanche, cardano or Solana?
What are the security protocols you have in Annex? What data do we need to provide to access all the functions of the platform? Is it necessary to do a KYC verification to use Annex? What is your priority between making a secure platform? Or a platform with a thriving economy? Can the community decide on future actions in Annex?
What do you see as the biggest advantages of Annex compared to other decentralized merchants out there today? What are the users you want to attract and how much experience is needed to be able to use Annex? Do you plan to make your own mobile application? If so, approximately by what date and where can we find out when it happens?
I read that Annex Auction aims to drive new capital and trade to the exchange, by increasing the attractiveness of AnnexSwap, so could you explain, what attractiveness have you created, what are the benefits that AnnexSwap offers that other exchanges don’t have, and on the other hand I would like to know, can any project list their token on AnnexSwap without any problems, or do projects have to go through some kind of voting system where their tokens are evaluated, before they can be traded on AnnexSwap?
I see that Annex will also push new projects, what benefits does Annex provide to the token creators that make it attractive to work with you? What are the most recommended projects to push with Annex based on their benefits?
One of the core features of Annex Finance is it’s Lending platform where users can Lend/borrow supported cryptocurrencies or digital assets. I also read that both the Lenders and Borrowers will be rewarded with $ANN tokens for using the Lending Protocol. So what are the requirements for a user to be a lender/borrower in your platform and which cryptocurrencies does your lending protocol support? How is the colaterizatio ratio for the lending protocol calculated? Will there be fix timeframe for the lending? Is there a structure to resolve circumstance a user is not able to payback borrowed asset? Lastly how would users earn $ANN token by using the Lending protocol?
Annex on your website, you offer users to discover, collect and sell extraordinary NFTs with the Annex NFT marketplace, but how do you guarantee extraordinary NFTs, what are your strategies to cover as many successful NFTs as possible, tell us a little bit about what types of NFTs we can find and how do you guarantee that they are always valuable and do not represent any fraud for those who buy them?
What are the benefits of your NFT marketplace that sets you apart from other marketplaces? What is the process to be able to sell an NFT on your platform? How does selling censorship-resistant domains work? I haven’t seen anything like this before, are you associated with any NFT games or metaverse, is there a section where we can learn about your NFT artists?
being a secure platform should be a priority, so tell us how Annex guarantees security for users, tell us what technology you use to protect the assets that are on your platform, i.e. to prevent malicious people from stealing them and consequently the image of Annex is affected?
What are the plans that Annex already has for the year 2022, tell us how will you manage to keep your platform attractive and with a good scalability for this next year, what are the new additions you will make to the platform and what others will you improve?
One of the features of Annex Finance dApp is the game which has four different games including: Barbel roll, Roulette, Coin Flip and Dice. These game provide users with earning opportunities, also you have partnered with Chainlink to make the game free and fair. So can you briefly explain all the four different games and how they are implemented? What are the requirements for users to participate in these games? What are the earning opportunities each of them provide users? Lastly can you elaborate on your partnership with Chainlink and the role they play to make the gameplay free and fair? Thank you.
Annex Finance Lending platform uses Reserve Factor and Collateral Factor to capture a portion of the Stable collateral and non-stable collateral which is used as Reserve for project development, protections, etc. Also interest rate model to incentivize both the lender and borrower is determined by a yield curve that varies based on assets liquidity. Can you kindly explain the Reserve Factor and Collateral Factor and how they are calculated? Which specific aspects of the project will this fund be used to protect? How is yield curve used to determine the interest rates for lenders and borrowers?
An innovative function that your platform offers is the Automatic Holding Rewards mechanism, as I understand it, the $ANN token holders will be able to earn daily interest in their holding companies, however, where do these funds come from? What makes this type of rewards sustainable in your ecosystem? The interest amount varies according to the amount of $ANN tokens you hold? Or how does this work?
Roulette, Coin Flip, Dice and Barbell are some of the games available at Annex. I’m familiar with the first three games, but the Barbell game is somewhat unknown. Could you explain how this game works? What are the advantages of playing your games?
Please let’s talk about your partnership because successful projects are characterized by relationships and partnerships,by working together with other firms or companies increase productivity, quality and personal growth. that been said,I noticed Annex finance is partnering with 7 leading platforms most of which are leading media platforms covering Definitely on Finance smart chain that covers a wide range of of blockchain news and updates like BSC News,BSC Daily,BSC times,BARMY,and CRONOS. Why do Annex finance choose to partner mostly with media platforms? Can you please elaborate and discuss to us what value could this formed partnership brings to Annex table? Can you drive us through the basis of your relationship with this firms and how will it assist your borrowing and lending protocols? Thank you
Security should be top priority of all projects, what steps did Annex take to strengthen it’s security system and prevent malicious attacks?
Proper marketing is vital for any project. Therefore, can you tell us about your marketing plans in future and how you plan to attract more users?
Could you tell us a little introduction about the team behind #Annex, have they worked on any previous project before?
What is your strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?
Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token?
With Annex Finance,you have a Flash Swaps in which we can withdraw the reserves of any BEP20 token on Annex and execute arbitrary logic. So,can you explain more about the Flash Swaps in your platform? How does it works?Any advantages of Flash Swaps for users? Can you explain how Flash Swaps being executed through arbitrary logic? What is an arbitrary logic and what benefits that this logic brings to your platform and for users? Thank you
Please can you tell us how many token will be the minimum and maximum collateral in which investors will use to access the new Annex finance system known as the margin lending?
As you are the first platform to offer lending/borrowing on Cronos network,why do you choose to offer lending/borrowing on Cronos network? Any advantages with Cronos network? What are the win-win benefits of your collaboration that will brings to each other’s network? As you offer lending/borrowing on Cronos network,can you explain more about the mechanics and structure of this lending/borrowing? What is the best offer of your lending/borrowing program that you can share to your users? Aside from lending/borrowing,do you plan to add other features and services you can integrate with Cronos network in the future? Thank you
In tokenizing your assets using binance smart chain in other to receive tokens that you can easily move,is there any any limit to tokenizing your assets?and is it a must to use a smart chain wallet address before receiving your tokens?
Can you kindly explain what are the necessary challenges faced by state stake holder after having access to their own funds? And can you also tell us why stake holders operate their own funds but other investors can’t after passing through the same liquidity locked controlled via smart contracts?
Where I Can Buy These Token?
First of all, i understand that Annex Finance is A
DEX/AMM and Lending/Borrowing Platform, that Create a secure lending platform where lenders receive a compounded interest rate, which is then, paid per block while borrower pays interest on the cryptocurrency borrowed, well, in-line with this development, we all agree that security is one of the Most vital aspect in any Business transaction whatsoever, hence i would like to know what are the requirements for users to join your platform? Is there going to be a KYC to validate users who wanna Use your Platform? What measures have you kept in place to ensure that there is appropriate Management of Transactions withing Users on your platform? Is there going to be a deadline or Penalty for the Borrower if they are unable to meet up payments on the stipulated time?