We are pleased to announce our next AMA on February 8th 2022 at 11:00 AM UTC Time: Satoshi Club x Tower Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Tower Finance Discord channel
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Tower Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Tower Finance
For more details:
Tower Finance Website – towerfinance.io
Tower Finance Discord – @Tower Finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
For every Investors both (Big And Small), Visions and Structures of any Projects is Very important, & unfortunately, almost 70% of crypto projects are launched without a defined structure behind them, can you please share with us your visions and Structure with regards to your Sustainable Stablecoin? and while carrying out my Reserch on your Project, i Understood that TowerFinance protocol aims to establish (TWR) as a decentralized and sustainable stablecoin that is widely used as an algorithmic currency in the digital world. Please i would like to know how TWR would match and maintain the value of the USDT i.e $1? What other Special Qualities & Utilities does the TWR presents to its Users World wide? What Guarantees Does TowerFinance give its users for future Asset Security?
It was stated that TWR can also Be Minted in your platform, and this is done by Using proportions of USDC and CUBE, However, USDC have been around since 2018, but (CUBE) in this Context, remains New to many out here, and I’m quite sure that Crypto many Beginners out here would like to know the Utilities of this (CuBE) in your Ecosystem?, how can it be obtained? And to what advantage does it Present Owners in your Ecosystem? Furthermore i also understood that TWR can be Minted, could you please State procedures to which This process is going to be carried out? Is there A Stipulated fee charged for this minting process? Lastly is there any guide to which new Crypto Beginners would be able to follow in other for them to get Appropriate Orientation on Your Minting Process?
From the Tower Finance website, you mentioned that The protocol aims to establish TWR as a decentralized and sustainable stablecoin that is widely used as an algorithmic currency in the digital world. I’m curious to know, how do you intend on establishing the TWR as a decentralized and sustainable stablecoin that will be widely used as an algorithmic currency in the digital world and what is your planed estimated time which you’ll use in achieving this goal? Lastly, What are benefits which the $TWR token will provide to users compared to other tokens with similar features?
I interestingly read from your website which states.You understand that the utility value of TWR is essential to the prosperity of your ecosystem. Therefore, the team has put emphasis on developing a variety of products and services where TWR can be utilized as a complete settlement currency. I’m curious to know, What are examples of these products and services? What are their contents and what are the significant impacts that happens as the $TWR tokens are used to purchase these products and what are examples of services which the $TWR tokens can be used as settlement after service has been rendered? Thank you.
Talking about the technical aspect of the Tower Finance and how it will solve current challenge of Stablecoin Trilemma which is due to rise in demand of Stablecoins. Tower Finance aims to bridge the gap between conventional and the crypto market by introducing TWR, its fractional- collateralized algorithm Stablecoin by implementing a Floating collateral. Can you elaborate on how TWR will work to ensure that users don’t have to tradeoff between various degrees of decentralization, scalability and control over the peg? Shifting my attention to floating collateral, can you explain on advantages of Floating Collateral? also with Tower Finance using Target Collateral Ratio (TCR) and Effective Collateral Ratio (ECR), can you explain on the two collaterals ratio in and how each of them will work and influence collateral ratio in Tower Finance?
Oftentimes, synthetic asset generating and other stablecoin minting platforms has a fixed percentage of collateral ratio requirement for its products and services. However, this is not the case for Tower Finance, for the project uses two parameters in determining its collateral ratio. These are the Target Collateral Ratio and Effective Collateral Ratio. Could you please provide us a short description for these two ratios? In what event/s does your contracts determine which ratio among the two will be used and be implemented on your protocols?
I have found out that Tower Finance does not have any official investment for the project yet, however, it does have strategic partners who shall provide sufficient liquidity for the $CUBE token on its initial stages. With this being said, do you have plans considering to introduce your wonderful project to some venture capitals and investment firms in the future? Also, could you name and introduce to us who are Tower Finance’s strategic partners that will help initiate in deploying $CUBE?
In terms of the Protocol Owned Liquidity, I have found out that Tower Finance have integrated and based its POL to what OlympusDAO’s and its bonding model have established. The structure and approach of OlympusDAO’s Protocol Owned Liquidity concept is what Tower Finance have adopted. May I know, is your concept of Protocol Owned Liquidity fully mirrored to Olympus’ or did you add and tweaked some features and mechanisms unto it? Could you please tell us more about the structure of Tower Finance’s Protocol Owned Liquidity?
Tower Finance I understand works with fractional- Algorithmic- TWR a stableCoin partially backed by collacteral and parts of the supply algorithmic which you did said means TWR is the first stableCoin to have part of its supply floating/unbacked. Its quite a bit confusing here for some of us newbies in crypto. Could you please educate us clearly on what you meant by floating/unbacked? Do you have staking mechanism and lock vault? If yes, what is the APY ratio and your lock duration? Could you tell us the total supply of your both Tokens?
I learned that the TWR token is a Fractional-Algorithmic Stablecoin, soft pegged to the U.S. Dollar. I read that Tower is currently developed at Polygon. For what reasons did you decide to build it on Polygon initially? From your own perspective, what features make Polygon the best blockchain for Tower? You mentioned that development is under way to expand and be multi-chain to as many networks as possible. After Polygon, what will be the next chains you will expand Tower to? Do you already know what the next two chains will be? Is Binance Smart Chain or Solana one of those two?
According to your roadmap, a governance voting tool will be launched within this quarter. Can you give us more details on this tool? What are the fields that are open for voting? What is the procedure of using this tool? Generally, community members need to hold a particular amount of platform tokens to participate in governance of a project. What are your rules related to the governance voting? Is there a minimum number of $TWR to hold? Are there any additional requirements? Now we are at the middle of this quarter. How is the progress of this work?
It is clear that $CUBE becomes $xCUBE when staked. However, I could not understand about your reward token and what will happen to $xCUBE after unstaking. Do you offer staking rewards with $CUBE? Will $xCUBE be automatically converted to $CUBE after unstaking? It is true that some projects introduce separate reward tokens, but what is the advantage of giving a different symbol after staking the token? In addition to your staking process, are there any occasions that $CUBE and $xCUBE have separate roles? There is a default staking period of seven days for $xCUBE. After seven days, can I unstake my holdings anytime without a prior notice? Do you charge an unstaking fee?
Going through your Documents, observed that Tower is currently built on Polygon and has plan to expand to other chains in the future. First off, Why choose polygon for a start? What other chains should we expect tower to expand on in time to come? How will TWR’s price stability be maintained over time? Do you have any buy back and burn functions? What will be the various utilities of the CUBE token? Will the CUBE tokens be minted and what is the minting process? Does the CUBE token have any compatibility with the TWR token?
You have mentioned about multiple sources of protocol revenue including four main types,
– Fee Collector
– Collateral Investor
– Arbitrager
– Penalty Manager
Can you briefly explain about each type? How do they generate revenue? All these profits will be sent to the Profit Manager. Who is this Profit Manager? Can a community member be elected as the Profit Manager or does one of your team members handle the post? How does the Profit Manager do his work transparently?
Good day!
Going through your materials, I found a quite intriguing point. You mentioned that at Genesis, 95% of TWR will be collateralized. Considering this fact, how will the minting process then be? Will this have any effect on the $CUBE tokens?. You mentioned that stable coins are accepted as collateral to smoothen the price stability. Do you have any plans of accepting more volatile coins as collateral later on? Under what conditions will stable coins be accepted as collateral?
Hello!
Most stable coins in the crypto space are over collateralized but the TWR token is a partially collateralized token which is a very interesting feature. Can you explain to us how the Partial Collaterization of the TWR token works? What advantages does it have over other stable coins like USDC in the Crypto space? What is the collaterization ratio of TWR? How will you maintain the price of the TWR token? Will this collaterization feature of TWR add value to the CUBE token? The CUBE token seems like a more flexible one, Can you tell us about it various utilities?
Going through points under the “protocol owned liquidity” on your website, I noticed that tower finance will charge users who terminate the vesting terms for the farming rewards a penalty fee. You further mentioned that 2/3 of the penalty fee will be used for liquidity and the remaining 1/3 for the project manager. Won’t this idea lead to sell pressure? how do you intend to manage this to encourage long term investors? What is the difference between the protocol owned liquidity and the protocol rented liquidity and what will be their effects on the more volatile $CUBE tokens?
Yes
Something caught my attention as i was browsing through your platform, it was stated that “As a DeFi 2.0 protocol, we understand the importance of Protocol Owned Liquidity” i would honestly appreciate it if you can Further give a more Simpler and Detailed information about this PROTOCOL OWNED LIQUIDITY, you also talked about several tweaks and additional features to ensure the safety and security of our protocol. Could you please state this Features you have in place and the forms of Security measures with Regards to this PROTOCOL OWNED LIQUIDITY? It was also stated that There are penalties charges imposed on Users who terminate their vesting terms early for the instant farming rewards, can you also talk about this penalty aspect?
I read that from the start, the top priority for the Tower Finance team was to fully decentralize the governance of the protocol. You mentined that It targets to be deployed on other networks, with consistent and efficient growth, by the second quarter of 2022. That’s only a few weeks away. How will this process of paving the way for the decentralization of Tower Finance be? How will the voting power be distributed to the users of the Tower Finance community? I read that the CUBE token will be the token that will be used for the governance of the protocol, how many CUBE tokens should we have as a minimum to be able to vote on the proposals?
Regarding the tokenomics of Tower Finance, the Tower Finance operates on a Dual Token mechanism. The TOWER token is a Fractional-Algorithmic stablecoin, soft-pegged to the U.S. Dollar, available on the Polygon network. Tower is permissionless and entirely implemented on-chain via Polygon. TOWER is a stablecoin and IVORY is the governance token in Tower Finance. TOWER can always be minted and redeemed from the protocol reflecting $1 in value. Is there a burning mechanism you’ve incorporated to regulate and maintain the price of the $TOWER token. Can you give me more explanation on how I can mint this token? What are the requirements needed in order to mint these token?? In the near future, you also plan on actively expanding your ecosystem, by building on a variety of products and services, where TOWER will be utilized as a currency within this ecosystem. How far have you gone in this process and what companies will you be partnering with to build such products and services? What about the $IVORY token. Is there any additional utility we should expect in the future just like $TOWER??
Tower Finance is Built on the Polygon network. You’ve stated that the major reasons of you building on Polygon is that it made perfect sense, due to high speed transactions and low fee structure and that collaborating with Polygon and being part of their ecosystem will enable you to construct a stablecoin protocol that is highly scalable, reliable, and extremely stable on-chain money. You also stated that you have no doubt that Polygon’s framework will help increase the demand for our token and expand our user-base, for those seeking yield generation opportunities. There are new crypto projects that aim to provide the same features as Polygon such as Polkadot and Chainlink. Are you looking to build on other blockchains in the future? How do you plan to handle the little Cons of the Polygon network like the Slow momentum that’ll be experienced once the Ethereum’s Proof-Of-Stake Is Fully Implemented??
Hello Tower Finance team. You on your website emphasized in your FAQ section that you haven’t received any official investment yet. You mentioned that you only have strategic partners who will provide small liquidity of CUBE at the early stage. Currently, is there any new update regarding this? Haven’t you received any official investor yet? Do you consider that a disadvantage for Tower Finance? How many strategic partners do you currently have? Thank you!
Tower finance is a fractional- algorithmic stablecoin protocol, it is well known that capital efficiency is often used to refer to the ratio of how much a company must spend to grow revenue and how much it makes as a return in the traditional market but this term (capital efficiency) in the crypto markets particularly for stablecoins needs an entirely different approach, can you explain to us how TWR token which is partially collateralized stablecoin is more efficient than over-collaterized coins (USDC, USDT etc)? How does partial-collateralized stablecoins operate? In the requirements for capital for these stablecoins, there must be a stable asset and also a volatile asset, what are the volatile assets provided in your project?
The main plan of Tower finance is to make TWR token to be fractional-algorrithmic a stable coin, soft pegged to the US dollar, but majority of stablecoins only have the goal to maintain the peg and this protocol plans to maintain TWR’s price stability by storing sufficient collateral such as USDC and CUBE in the time locked smart contracts, I want to know how will TWR adds more value to CUBE which is used for minting? How can capital efficiency maximization revolutionize the stablecoin landscape with TWR? What are the mechanisms supporting TWR token’s price stability?
I read that there are multiple mechanisms supporting the price of TWR token to be stable because the main pillar of price stability comes from the possibility of redeeming TWR token for approximately $1 worth of tokens, can you share with us the features and mechanisms designated to support TWR token stability? Is there opportunity for arbitrage trading which can as well support the price peg by buying TWR token when less in the open market to redeem it for approximately $1 worth of value?
Do you have a coin burn / buyback system or do you plan to increase the value of those token burn tokens and attract investors to invest
Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
What can we expect to see from this project in the short-term (at some point in 2022) and 2023and beyond (long-term goals)?
I could see in your docs that Tower Finance is strengthened with the inclusion of not just one, but two on-chain oracles: Firebird and Chainlink, I would like to know more about this topic, could you explain the usefulness of oracles in your ecosystem? Are they used for economic or security purposes? Why is it necessary to use two and not just one of them?
Reading about the duality of the TWR and CUBE tokens could notice that one would not exist without the other, since it is necessary to place the appropriate ratio of collateral and burning the ratio of CUBE to minting TWR, so could you tell us why it has been established in this way? How do you guarantee that there is always a balance between both tokens? Have you copied this strategy from any known model?
You have allocated 70% of the total supply of $CUBE for the community. Thank you for allocating a greater portion for us! Please explain how does this allocation split. What are the methods that community members can use to grab these rewards? How do you calculate the reward amount for each community member? Your token allocation is very simple, 70% for the community, 25% for the team and 5% for the Treasury. How do you manage other expenses such as marketing and developments? Don’t you conduct any private/public sales? What are your allocations for early investors?
You have created two tokens, $CUBE as a non-stable, utility token, and $TWR as a stable currency. Important information such as the total supply, token allocation, and utilities are available for $CUBE. However, I could not find any information about $TWR. What is the maximum supply of your stable coin? Why should we hold $TWR? What are the utilities of the coin? Can we purchase $CUBE with $TWR? What is the value of $TWR? Is it equal to 1$?
You have mentioned that there will be a penalty for breaking the vesting terms. Can you clearly explain about the situations that users may have to pay this penalty? Further, 2/3 of the collected penalty will be used for providing liquidity whereas 1/3 will be distributed among $CUBE stakers. When distributing among stakers, what type of factors do you consider? How can stakers grab a better portion from this allocation? Does it totally depend on the value of the staked funds?
It is publicly known that the concept of protocol owned liquidity was first introduced through OlympusDAO’s bonding model which allow Olypus to acquire it’s own liquidity by selling OHM at a discount in exchange for the LP tokens. While Tower’s protocol also brought it’s own protocol liquidity derived from the Olypus’ but different structure and underlaying idea, How does the protocol Owned liquidity works if it has different structures from it derive? Is there any charges attached to terminating the vesting terms for the farming rewards? Then, what is the different between Protocol Rented Liquidity and Protocol owned liquidity?
Going through the website, I saw how it was plan on how TWR token’s price will be stabilized since it is a stablecoin pegged to another. There is arbitrage opportunity for users to effectively perform alot of tradings, also you mentioned ‘TWAP period of time’ among the mechanisms which is divided into different cases of calculations like Normal case; Abnormal case; Very abnormal case 1; and Very abnormal case 2, there are alot of calculations under each of this cases, can you briefly explain how users will make use of these cases without confusion? How exactly can this serve as supportive tool for TWR token stability?
Tower finance document makes me to understand that there are several stablecoins with different angles of performance including over-collateralized stablecoin which requires an issuer to post 150% collateral which can be liquidated if the value of the collateral were to fall below the threshold and there are also non-collateralized and the one TWR token falls in partial-collateralized stablecoins, can you briefly tell us why you decided to develop TWR stablecoins as partial-collateralized? What is all about this coin? In the case of capital requirement to be minted which only will be partially dominated in stable assests like USDC, where and which token will serve as the remaining portion? Is there any relationship between the volatile asset CUBE and the circulating supply of TWR tokens?
It is said that the Tower Finance protocol aims to establish $TWR as a decentralized and sustainable stablecoin that is widely used as an algorithmic currency in the digital world. In order to achieve this aim, the Tower Finance protocol decided to employ several measures/features, one of which includes the “Recollateralize” function. Can you give some details about this? How does this function work and how does it help the Tower Finance protocol to achieve its main aim?
I learnt that the Tower Finance protocol has several possible sources of revenue which include; “Fee charged on every mint(0.3%) and redeem(0.4%)”, “automatic investment of a maximum threshold of 85% of $USDC collateral”, “Arbitrage opportunities” and “early claim penalty charged in the Tower Finance farms”. Can you give a detailed explanation of how these profits collected from these sources by the profit manager are distributed in the Tower Finance ecosystem? Will users who have governance rights be eligible to determine how these profits are distributed?
What is the central point and essential considerations that must be taken into account to create a stablecoin with the right balance of decentralization and high capital efficiency, which makes them think that the search for high efficiency leads to total failure, which is the way right to achieve or find the path to crypto success?
I read that liquidity farming starts on Feb 14 this year and will last for about 6 years, so could you tell us the benefits of users from the beginning to the end of these 6 years? Is it really worth staying that long? How will you protect user assets so that they increase in value over time? Also, could you tell us if anyone can participate from day one?
Although Tower Finance is an incipient project, I could see that it has an extensive and complicated economic model. I would like to know how the rewards and interest from collateral investment are established and collected, at what percentage do these assets return to the users? The distribution of the rewards is done exclusively with CUBE tokens?
What are the factors that provide stability to TOWER as a stable currency, explain us a little how your pricing system works in the market, its value will always be equivalent to $1, how many tokens make up your platform and what are the uses of each of them. them, how would a long or repeating downtrend affect them?
What is your strategy to provide constant liquidity and maintain suitable funds for the development of the project, have you obtained or plan to manage external financing, do you have a plan to achieve significant development, what is the most important mission and what is your central goal or objective of the project? In the long term, in terms of time, what are your current priorities?
Tower Finance uses a dual token system which consists of $TWR which is the stablecoin and $CUBE which is said to be the governance token of the Tower Finance ecosystem. About $CUBE, I learnt that $CUBE token holders will be given voting power soon after the governance structure is established. Can you give more information about the governance structure that will be used by Tower Finance? When do you plan to establish this governance structure? Can you list the parameters that $CUBE token holders will be able to modify in the Tower Finance protocol? Apart from governance/voting rights, are there other use cases of $CUBE tokens or will there be more use cases in future?
Tower Finance haven’t received any official investment from any corporation or project and you stated you only have strategic partners who will provide small liquidity of CUBE at the early stage.So can we get to know some of these strategic partners?Apart from providing liquidity for $CUBE token,what other support have you received from them?And are you making plans to seek support or receive investments officially from investors for the sustainability/growth of your project?You also mentioned that you don’t have any plans for public sales.Can you tell us why?Or will you just have Private Sales or what?Please explain Thanks
Tower Finance teams aim to produce variety of products and service,and from your roadmap for Q1 2022 you planned to launch a Vote-Escrowed CUBE and also a Curve TWR3CRV Pool.So can you please tell us what the Vote-Escrowed CUBE really is,including its features and also that of the Curve TWR3CRV pool features?How important will this be on your platform when its finally launched?How far have you gone in launching them?Please tell us when you plan launch them. Thanks
One of Tower Finance updated features is setting up the basic Code Structure of its ecosystem.So how will this setup make your platform more understandable and user-friendly for users?And how has making use of the TWAP code make your protocol more efficient and also determine the sustainability of your ecosystem?And how will this code structure prevent unknown attack such as flash loan to gain access to your ecosystem from other smart contract? Please can you explain to us why you setup a Duplicating Code for your ecosystem and how beneficial it has been?Please explain Thanks
I read that CUBE is the governance token for the Tower Finance ecosystem. You explained that CUBE token holders will be given voting power soon after the governance structure is established. This CUBE token completely replaced the old IVORY token as the governance and utility token in Tower Protocol. For what reasons did you change the name of the governance token of the Tower Finance ecosystem? Was there any specific reason that determined this change? Was there a problem with the name IVORY? Can you tell us more details about this change?
Can you tell us about Tower Finance’s fractional-algorithmic stablecoin TWR to solve the capital efficiency problem that stablecoins are suffering from today? How can we print TWR and convert TWR to USDT,USDC whenever we want? Could you tell us about the relationship between TWR and CUBE, will TWR and CUBE be integrated with Tower Finance or will they act separately or differently?
I read in their technical documents that their plan is to maintain stability of $TWR, in other words, bonding, by storing sufficient collateral in time-locked smart contracts, whose collateral consists of two tokens, USDC and CUBE. First, how will they manage to keep their economics and $TWR stability afloat over time? What strategies will you implement to make this possible? Since the guarantee of this is based on USDC and CUBE, what role will these currencies play in the sustainability of Tower Finance’s economy?
In traditional markets, the term “capital efficiency” is often used to refer to the ratio of how much a company must spend to increase revenue and how much it generates as a return. It is an indicator to assess the efficiency and impact of the capital employed for a given product or service. But what are the reasons why stable allied currencies such as $TWR are more efficient than their over-collateralized alternatives such as USDC, USDT, DAI and others? How does $TWR manage to maintain linkage as efficiently as possible, but also capture value for holders?
I read on your roadmap that for this period of the year you have plans of implementing your DAO into Tower Finance, however, I haven’t seen anything related to this, so, can you tell us more about it? How is the creation and integration of this DAO into Tower Finance going? Who will be able to be part of this DAO and how can users be part of it? What kind of requirements do they need to meet as Tower Finance’s users in order to be consider for it? How many members will this DAO have and how will they be elected, will other members of your community be allow to choose them? What kind of decisions and actions will this DAO be allow to make and perform?
According to one of your medium article that you will be implementing a Penalty system in Tower network in which all farming rewards have a vesting period of up to 4 weeks and users who wish to claim the CUBE rewards before the end of the allocated period will be charged a 50% penalty. So,why do you need to charge 50% penalty for early claimers of farming rewards? Where will be this 50% penalty be taken,from the funds of the users or from the rewards of farming? Can you share some more details about the mechanics of farming rewards and penalty system of your platform? What will be the disadvantages of claiming rewards earlier than expected? Can you also share some advantages of claiming farming rewards on time?If ever someone really needs the fund so they want to claim the rewards earlier,do you really have to charge a 50% penalty for them?Do you take any consideration whatever reason behind claiming rewards earlier or penalty system still applies whatever it takes? Thank you
I understand that Tower Finance uses two ratios to influence the collateral ratio which are: Target Collateral Ratio (TCR) which stands for Target Collateral Ratio which is the percentage of USDC collateral that the system targets and thd Effective Collateral Ratio (ECR) which stands for Effective Collateral Ratio and it is shown in percentage. How do these ratio work to influence the collateral Ratio?? What is the relationship between the TCR and ECR? What is Recollateralize? How does it work ?
The protocol charges a penalty to users who terminate the vesting terms for the farming rewards. When this happens, the protocol uses 2/3 of the collected penalty for providing liquidity. Half of it is converted to USDC and used to provide liquidity. The leftover, which amounts to 1/3 of the collected penalty, is sent to the Profit Manager. What is the Profit Manager all about? How is the profit put into use? Please tell me more about the sources of protocol revenue?
Talking about TWR, At genesis, TWR is 95% collateralized, meaning that minting TWR requires placing the appropriate ratio of collateral and burning the ratio of CUBE. Can you tell us more about the TWR? Please tell me how I can Mint TWR? TWR maintains peg in the most efficient manner possible, in what way does the TWR maintain its peg to $1 ? Are there specific cryptocurrency TWR protocol accept as collateral? How can I redeem TWR? What are the fees for minting and redeeming?
I found out that Tower Finance is a self-funded platform even though many advises you that raising would be easy for a protocol like you, but you wanted the protocol to grow gradually with your supporters and community. So,why you are not favor from being funded from any other platforms? As your platform is self-funded,do you still have any plan to launch any IDO or presale for your $TOWER and $IVORY token?If yes,can you give us some more details about it? As time goes by,are you considering for any strategic partnership that want to collaborate Tower Finance? thank you
It caught my attention that Tower Finance implements into the platform something called “Protocol Owned Liquidity”, that was first introduced by OlympusDAO, can you tell us more about it? Why did you decided to implement this Protocol into Tower Finance instead of any other possible one? How does it really work? What kind of advantages do users get from the usage of this Protocol on the platform? Also, how can this protocol benefit Tower Finance as the first algorithmic stablecoin protocol that adopted the mechanism?
When it comes to Stablecoins, it is known that in the past few years a lot have seen the light but in the process have face the so-called ‘stablecoin trilemma’, failing to achieve decentralization, capital efficiency, and price stability. Tower Finance, on the other hand aims to provide a solution for this trilemma by introducing TWR, it’s stablecoin. Can you tell us more about it? How will TWR and Tower Finance be able to solve this trilemma that has been troubleing others in the past? How can we be sure that TWR will be the solution that will indeed end this trilemma?
Tower Finance has created an economy based on two tokens, TWR and CUBE and I read in your document that one is the utility token and the other is a fractional algorithmic token, pegged to the US dollar. So, could you explain to us the relationship that both tokens will have, why it will be necessary for users to use both and tell us how together they will manage to maintain a stable and profitable economy for each Tower Finance investor?
I read that on January 26, 2022, they were hiring Entersoft for the audit of Tower Finance’s smart contracts, so, I would like to know if they already got this certificate, what were the results that this audit saved and comment on what actions will be taken right after performing it to ensure a much higher security in Tower Finance?
I read that Tower Finance has designed a stablecoin called TWR, which is a fractional algorithm to solve the capital efficiency problem that existing stablecoins suffer from. But, could you explain to us here in a quick and simple way why you are so sure that with the design of TWR you will be able to improve the capital efficiency of existing stablecoins, share with us how the system you have designed will work and how it solves the above mentioned problem?
How can you show us that Tower Finance really has a future in the market and that it will solve or at least minimize the capital efficiency problem that the existing stable currencies have been suffering, please explain us how it will do it and how at the same time it will give benefits to the users that join this project?
The TWR token is a Fractional-Algorithmic Stablecoin, soft pegged to the U.S. Dollar. Tower is a permissionless, entirely on-chain protocol, currently on Polygon, but would you like to add the popular Cross Chain feature? How do you exactly keep the price stability ? Also can you explain us what do you mean when you say that your token is “Fractional-Algorithmic”?
I was reading your documents and I saw that you don’t have plans to realized any public sale, so can you tell us why? How will you promote your token outside the ecosystem?
Opposite to TWR token, the CUBE Token (CUBE) is a non-stable, utility token in the protocol. While meant to be volatile, it holds rights to governance and all utility of the system. You also say that you take a highly governance-minimized approach to designing trustless money. Please specify the usecases of Cube token. If it serves to be a governance token, please share some details about Tower Finance Governance model. What are the features making your DAO special? Thanks!
What is the future you want to build with Tower Finance, what will happen after you manage to acquire a good amount of users on your platform, what is the next step, how will you reward all those who join Tower Finance, i.e. what are the motivations and benefits that users will have for remaining long term supporters of Tower Finance?
I read in your Whitepaper that there exist a mechanism that is able to stabilize the price called ” RECOLLATERALIZE”, so this got my attention can you explain how it works?
having business partners is fundamental because, besides helping in the adoption and consolidation of the project, they allow to generate much more confidence among the users, so, could you tell us how many partners you have, Tower Finance, which of them have meant a great support for you and if you don’t have partners yet, tell us, what plans are you designing to attract them, what is your proposal for your potential partners, and finally tell us, do you consider that having partners is important?
At genesis, TWR is 95% collateralized, meaning that minting TWR requires placing the appropriate ratio of collateral and burning the ratio of CUBE, but the USDC and CUBE will be the only collaterals funds this you’ll use? What about other tokens or coins like ETH or BTC?
Tower Finance is also introduces Profit Manager – a system where all profits generated from each source are sent. The Profit Manager collects these profits and distributes 50% to stakers of CUBE and burns the remaining 50%. All CUBE stakers have the right to decide where and how much we will use for each purpose. Please explain how often do the stakers decide on how to use funds? Why this decision power is attributed only to stakers? Is there any limit of tokens to be staked in order to get a right of vote? Does it also depend on the total staked amount? Thanks!
I read on the web that the TWR token is a Fractional Algorithmic Stablecoin, pegged to the US dollar, it is a fully on-chain protocol, currently on Polygon. How is the development to expand and be multichain other networks? What strategies will they use to maintain price stability?
On the Tower Finance platform, collateral consists of two tokens, USDC and CUBE. USDC is deposited into the protocol when a user mints the TWR token, while the CUBE token, which is used for minting, is burned, when the user redeems TWR tokens, the protocol pays USDC. Please explain. What does it mean that TWR is a stable and unbacked coin? And how does Tower improve the speed and stability of the blockchain?
Q1. how do you convince your investors in this Tower Finance V2? As We Know Tower Finance V1 can be said to be a failure because it doesn’t last long.
Q2. For Dev & Ceo, how sure are you that the Qube token in Tower Finance V2 can replace Ivory’s position in the previous version.
Q3. What are your plans in Tower Finance V2 to anticipate unwanted things like V1?
Greetings Tower Finance, We know that your project starts with the availability that the stablecoin market needs and that current currencies like USDT and USDC are highly centralized and require 100% collateral. My question is: are you creating a stablecoin with the right balance of decentralization and high capital efficiency? Can you explain how to achieve high efficiency without failing due to the absence of collateral? How will you make Tower Finance an ecosystem that incorporates guarantees and high efficiency?
It has two coins that are TOWER and IVORY, which of the two is a stable coin and which is the government token in Tower Finance? is it possible to mint these coins all the time? or how the Tower Finance stablecoin works when the price exceeds $1? What are the stable coins with which you can mint the TOWER token? what happens when the price of your stablecoin is less than $1 can you explain how this system works and how you plan to expand? Is your project open to any country in the world without restrictions? Is KYC verification necessary to participate in Tower Finance?
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?.
Do you have any Facebook; Telegram ;YouTube channel, or website for this project? From where, we can learn something??
Can you tell us about some of your partners and who you plan to collaborate with in the near future.?
Could you please provide some progress on your Roadmap and what results Tower finance has achieved so far? And any sneak peek into 2022 plans for Tower finance.?