We were delighted to welcome our guest from Cyberfi. The AMA took place on August 27th, 2021 and our guests were @TesterBott @xync00!
The total reward pool was 500$ and
was divided into three parts. In this AMA Recap we will try to summarize some
of the most interesting points for you.
Part 1 —
introduction and questions from the
Telegram&Bitcointalk community
Gold
Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are
pleased to announce AMA with CyberFi.
Alex
(Appi): Hey guys 👹
Paul
Mont | Satoshi Club: Today’s guests are @TesterBott @xync00! Welcome!
Great to have you here! 😁
Gold
Rocket | Satoshi Club: Today our
guests are @TesterBott @xync00🤩
Alex
(Appi): Thanks for Hosting this AMA, pleasure to be here
Gold
Rocket | Satoshi Club: Hello and welcome to Satoshi Club☺️
Paul
Mont | Satoshi Club: The pleasure is ours Alex! How are you doing today? 😉
Alex
(Appi): Great day , sunshine , coming for a nice AMA. how about you ?
Gold
Rocket | Satoshi Club: we are very excited about the upcoming AMA and
have great memories of the previous AMA last year 😍
Paul Mont
| Satoshi Club: Haha, hyper fine, “cyber” excited to know
anything about CyberFi and anything new that you have in store for Satoshi Club
😉
Alex
(Appi): Yes Geralt gave a good show 🤣
Paul
Mont | Satoshi Club: Hope you brought us some surprises 😁
Gold
Rocket | Satoshi Club: Remind us a little about yourself and the
project. Make a little intro😁
Alex
(Appi): Will do my best not to disappoint ^^
Gold
Rocket | Satoshi Club: We are waiting for a wonderful show from you 😁
Gold
Rocket | Satoshi Club: Tell us please about your position in CyberFi?
Alex
(Appi): Sure. So CyberFi is composed currently of two product, the mainproduct
that is for now called V2, which is our Asset management Platform . And our
Launchpad and Stakepad called Samurai👹
Alex
(Appi): As for Myself, i am currently the Head of Samurai, and directly mainly
the Launchpad and stakepad Activity for CyberFi
Gold
Rocket | Satoshi Club: What is the essence of CyberFi?
Alex
(Appi): What we are mainly trying to do at CyberFi is to bring ease of use for
DeFi products
Gold
Rocket | Satoshi Club: you are a big boss 😉👍
Gold
Rocket | Satoshi Club: This is very timely. Currently, the user lacks
good tools
Alex
(Appi): currently we can see the market being really segmented and the average
non-crypto geek having trouble to find their way into the DeFi ocean. We are
trying to built our platform so that the average person can use and understand
easily DeFi
Paul
Mont | Satoshi Club: We definitely need ease of use to drive adoption in
cryptoland 😉
Alex
(Appi): You know where to invite your friends over
Paul
Mont | Satoshi Club: Haha yes, and you definitely have my praise for what
you’re trying to do guys 😁👍
Gold
Rocket | Satoshi Club: Without a doubt😁
Gold
Rocket | Satoshi Club: Tell us about the benefits of CyberFi. How is
it different from others?
Gold
Rocket | Satoshi Club: What are you proud of today?
Alex
(Appi): I can give you a brief explanation of what you will be able to do on our
platform in 1-2 weeks time frame.
Alex
(Appi): Use uniswap but without being in front of your computer
Paul
Mont | Satoshi Club: Via mobile then?
🙃
Alex
(Appi): you will be able to trade 24/7 with trading tools, place your orders, go
to sleep and enjoy seing your bag growing day by day
Paul
Mont | Satoshi Club: Or you mean being able to schedule the trading?
Alex
(Appi): Sure, when metamask decides to work 😂
Paul
Mont | Satoshi Club: Haha, yeah that would be truly a glorious day 😁
Gold
Rocket | Satoshi Club: Of course! Thanks for clarifying. By the way,
you have incomparably beautiful Ava 😁
Gold
Rocket | Satoshi Club: yes, sometimes there are surprises like today 😅
Alex
(Appi): Our platform let you automate your strategy instead of being in front of
your computer swaping in the middle of the night
Paul
Mont | Satoshi Club: Now this is going to be a pic of “days
gone” in the very near future with CyberFi 😉
Paul
Mont | Satoshi Club: Great concept!
Gold
Rocket | Satoshi Club: Thanks for great introduction, we will have
several questions selected for the Part 1. Ready to start?
Alex
(Appi): Particularly in these days of volatility. Stop loss order will help
metigate the risk of waking up -40 %
Alex
(Appi): Sure let’s go
Paul
Mont | Satoshi Club: Yes, our community wants to cover several topics
about CyberFi and you can definitely help us with it! 🔥
Paul
Mont | Satoshi Club: Tell me about it, the bear interlude of the past
months has been awful… I’ll definitely bring my friends over to check out
CyberFi 😁
Paul
Mont | Satoshi Club: Okay, here’s the first question for you
Q1 from Telegram User @Jamesxmen
CyberFi platform is engaging on Beta V1 currently.
So can user Stake, Trade & Farm $CFI with Beta Version 1? Is it secure? The
issue is ,Most projects launch a Beta Versions to grab small fundraise &
abondoned the community after that. In this case, How will you convince that
CyberFi Beta V1 is a well securable Testnet version? Also along with Beta
versions, Project host bug bounty competitions among the community to certify
the security. Will you hope to host a bug bounty program or already did you
make it?
Alex
(Appi): Currently the CyberFi platform that was on Beta V1 has been renamed in
V2.
Alex
(Appi): We have been testing everyfeatures we wanted to introduce and to stress
test as much as possible the last 8 month
Alex
(Appi): A lot of sweat, a lot of sleepless night but we are finally seing the
light
Alex
(Appi): And the next 1-2 weeks will see the final product being live. We go from
Private Beta 2 ( that was for our stakers and some whitelisted professional
traders) to see a release of the V2 to more people.
Alex
(Appi): On the bug side, we spent so long trying to isolated every problem that
could occur that we are confident most of them have been identified but as you
may imagine, building such a technology is quite an adventure.
Gold
Rocket | Satoshi Club: Oh! this is great news! thank you very much
for sharing😊
Paul
Mont | Satoshi Club: As you’ve mentioned it, safety is a very felt
concern in the cryptoverse. Can we assume that you’ve gone throught audits
already (or that audits are bound to come soon) ?
Gold
Rocket | Satoshi Club: This is a really fun and challenging
adventure.😁
Alex
(Appi): yes we are currently partnering with halborn
Alex
(Appi): https://medium.com/cyberfi/partnership-announcement-cyberfi-x-halborn-df979014a6a4
Alex
(Appi): We are working together on auditing our products before release to the
market, in order to bring trust to our investors and be sure than nothing is
shady
Gold
Rocket | Satoshi Club: Orakuru is also your strategic partner.😉
Paul
Mont | Satoshi Club: It always feels great when a uber promising project
like CyberFi takes the necessary steps to address any potential security
issues! Wonderful! 👍👍
Gold
Rocket | Satoshi Club: This is a really very good strategy.👏
Alex
(Appi): Yes we have partner today with Orakuru in order to insure that all our
products that needs some accurate data such as price feeds for limit orders,
are accurate
Alex
(Appi): we don’t want people to place a limit order and buy or sell 1k higher 😝
Paul
Mont | Satoshi Club: Haha nono, we don’t want that 😁😄
Gold
Rocket | Satoshi Club: Thanks a lot for the answers😁
Paul
Mont | Satoshi Club: Great answers!
Gold
Rocket | Satoshi Club: Do you want to add something or we can proceed
to the next question?
Alex
(Appi): we can proceed i think it was pretty comprehensive 🙂
Q2 from Telegram User @NataliyaKil
While looking for information, I came across SAMURAI
by CyberFi, is a full suite decentralized cross-chain crowdfunding platform
built for the evolution of DeFi. Could you tell us more about your creation,
what set of features is there for the development of DeFi? And what are these
levels BUSTA Tier 0, BUSTA Tier 1, BUSTA Tier 3, BUSTA Tier 4, BUSTA Tier 5 and
BUSTA Tier 6?
Alex
(Appi): oh cool our IDO platform 👹
Alex
(Appi): So our launchpad and stakepad platform Samurai was built with the
intention to bring additional utility to $CFi and to bring our investors and
community some extra $$
Alex
(Appi): We built it in order to be cross-chain. Which means we are going to
integrate as main chain as possible both on the staking side and the IDO side.
Alex
(Appi): We have already ETH and BSC working for launching project, and will have
BSC staking ready next week with Polygon integration in a very close future
Gold
Rocket | Satoshi Club: I am absolutely sure that today in crypto the
winner is the one with the best cross-chain solutions.😊
Alex
(Appi): On the Launchpad Side, we provide allocation to IDO’s for our CFi
Stakers.
the process is quite simple, you stake CFi ( the more you stake the
bigger your allocation), and you can buy allocation into IDOs
Paul
Mont | Satoshi Club: Nice, especially given that ETH gas fees are over
the top during this period 😅
Alex
(Appi): Right now our current IDO is Busta. A BSC game. Very addictive.
Alex
(Appi): https://www.busta.gg/
Alex
(Appi): you can test it here
Alex
(Appi): tell me about it
Paul
Mont | Satoshi Club: I’m kinda addicted to addictive games lol. Will
probably check it out at my own risk. Very curious on what it means to “be
the house” as well 😄
Alex
(Appi): You can either be the house (casino always win) and get some profit from
the losers. Or just gamble and see a X 150
Alex (Appi):
at your own risk 🤫
Paul
Mont | Satoshi Club: Thanks for taking care of this!
Paul
Mont | Satoshi Club: Ready for the next question? 😉🚀
Alex
(Appi): i will leave some information first for people interested in the IDO
Paul
Mont | Satoshi Club: Please, this is a great moment (and place) for
making announcements 😉
Alex
(Appi): Join the Samurai launchpad power by CyberFi.
1/ Stake your CFi to the Samurai Platform (minimum 50).
https://samurai.cyberfi.tech)
2/ Contribute to your tier. The more CFi you stake the more you can
contribute to the IDO.
3/ Fasten your seat belt and prepare for the moon mission 🚀🚀
Website Launchpad/Stakepad: https://samurai.cyberfi.tech/
Telegram: https://t.me/cyberfi_tech
Twitter: https://twitter.com/cyberfi_tech
Buy CFi:
https://app.uniswap.org/#/swap?inputCurrency=0x63b4f3e3fa4e438698CE330e365E831F7cCD1eF4
Alex
(Appi): all info here above ☝️
Alex
(Appi): Ready for the next one 🙂
Paul
Mont | Satoshi Club: Thank you very much for sharing! Satoshi Club, don’t
miss out! 🔥🔥🔥
Gold
Rocket | Satoshi Club: so I’m in business 😁
Paul
Mont | Satoshi Club: Ok, next question in the quiver, now armed and ready
to shoot 😉
Gold
Rocket | Satoshi Club: Satoshi Club! Pay attention! Great opportunity🙌
Q3 from Telegram User @Cheriemike
In your website I notice that 50,000 $CFI was
allocated for a “Transaction Mining Program”.Can you tell us what this program
is all about and how $CFI Transaction are mined?For users to participate in the
program,is KYC required?Will there be any users incentives to those who
participate in the “Transaction Mining Program”?
Alex
(Appi): Oh thats a short question 😄
Alex
(Appi): This Transaction Mining Program was orginally planned as a form of
airdrop for people beta testing our V2 platform at the beginning. We were
thinking to launch a public testing around February and to rewards people with
a bunch of CFi for the risk they take to lose their fund
Alex
(Appi): we changed direction and decided to instead go for a private beta for
stakers and professional traders. Inviting over people with years of trading
experience and DeFi masters
Alex
(Appi): and see how we could together improve the platform before a release to
the public in a form or another
Alex
(Appi): The idea was to first build the automation and trading tools properly on
Uniswap before starting the cross chain integration
Alex
(Appi): Cross-chain integration coming in Q4 by the way
Alex
(Appi): trading on different dex and chain ? Yes CyberFi 🤓
Paul
Mont | Satoshi Club: That’s an important milestone coming! 🚀😉
Paul
Mont | Satoshi Club: Crystal clear asnwer, thank you
Gold
Rocket | Satoshi Club: Indeed CyberFi😁🔥
Gold
Rocket | Satoshi Club: Thanks for your great answers 😃
Alex
(Appi): ⚡️⚡️
Paul
Mont | Satoshi Club: Moving on to the next question 🙂
Alex
(Appi): Let’s go
Q4 from Telegram User @andrey_seleznov
Hi CyberFi!I want to ask about the CyberFi unique
multichain approach. I read you will enable users to create cross- chain
automated complex event scenarios. Venture into BSC, TRON, POLKADOT and other
blockchains for a quick event and return back to ETH automatically. This sounds
novel and very interesting! Does this mean there will not be permanent CyberFi
staking/farming opportunities on other chains? Could you give some examples of
the events that will be worthwhile for users to bridge their funds over to
other chains and back to ETH afterwards, I assume bridging fees will not be
cheap.
Thank you!
Alex
(Appi): Talking about cross-chain solutions haha
Paul
Mont | Satoshi Club: That is a nice segue 😉
Alex
(Appi): Well this is some thing we always wanted to implement. As we want to be
the Alibaba of DeFi
Alex
(Appi): basically the idea is that we are not really direct competitor to
Uniswap, Pancake or other Dexes, but enabler
Alex
(Appi): When you will talk to your grand mother and ask her to send you 1k in
usdt that she has to buy on pancakeswap and send them to you in erc20
Alex
(Appi): she will probably not really get what you say
Alex
(Appi): The reason why CyberFi exist in the first place is to really make it easy
for the average person to daily trade on all these dexes and cross-chain
without having to get a headache optimizing their bridge fee/ swap fee and moving
from one platform to another at different time of the day
Alex
(Appi): You click 2 button, go to sleep and you are rewarded.
Gold
Rocket | Satoshi Club: just killed me by comparing to grandma😁
Alex
(Appi): Purpose is really to bring more people into DeFi
Alex
(Appi): on the example side for farming
Paul
Mont | Satoshi Club: So Cyberfi basically complements Uniswap,
PancakeSwap, QuickSwap and the various AMMs allowing to use the same services
in an intuitive yet simple manner, right?
Gold
Rocket | Satoshi Club: Mass adoption
Paul
Mont | Satoshi Club: Haha yeah, that was a very evocative example 😁
Alex
(Appi): we are trying to think on products we will implement into our V2 and
eventually benefit from it. As many of you there is some nice farming
oppotunity on new chain generally that we are planning to leverage
Alex
(Appi): yes we enable these platform to be more understandable for the general
public
Alex
(Appi): and try to bring mass-adoption through it
Gold
Rocket | Satoshi Club: This is a very grateful and necessary
undertaking.
Gold
Rocket | Satoshi Club: Thank you very much for your answers and
clarifications.👏
Alex
(Appi): thanks for these detailled questions 🙂
Gold
Rocket | Satoshi Club: Ready to proceed to the next question😊
Paul
Mont | Satoshi Club: We have more for you 😉
Alex
(Appi): of course
Q5 from Telegram User @yellowchamp
CyberFi had their first AMA here in Satoshi Club
last November 10,2020 and you talked about the Alpha version and the alpha
testers program and also CyberFi just launches“Alpha Testers Event” but since
that AMA was nearly 1 year from now, I supposed that Alpha Testers Event was
already finished. I found out in your website that your tokenomics has an
allocation for Alpha and Cyber Round . So,can you tell us more about the “Cyber
Round” of your platform? How does this Cyber Round works and what positive
impacts it brings to CyberFi network? Since your AMA here last year,can you
tell us some of the progress and development of CyberFi? What is the latest
update on your platform at this moment?
Alex
(Appi): Sure.
Alex
(Appi): So last AMA if i remember was between the Alpha round and the cyber
round.
Alex
(Appi): These two round were basically what you could see as a seed round and
private round for people to participate in the Launch of our project
Alex
(Appi): the Cyber-round was $0.6 per token for a raise of $270,000
Alex
(Appi): Since the launch we have been working a lot in the background
Alex
(Appi): we have been trying to optimize the asset management platform with most
of our devs working on this
Alex
(Appi): and trying to bring more value to the $CFi token by building our
launchpad and stakepad as previously mentionned
Alex
(Appi): it was a year of development basically. We are getting ready for more
cross-chain integration and more
marketing
Alex
(Appi): since we haven’t really touch this too too much yet
Paul
Mont | Satoshi Club: Seems quite a comprehensive answer to me, thank you 🙂
Gold
Rocket | Satoshi Club: by the way, share your roadmap. which
milestones have already been completed and what is on the horizon?
Alex
(Appi): Sure give me a second
Alex
(Appi): Hey, everyone we are starting the AMA now.
I’m sharing our new Roadmap for the next 4m covering most of Q4.
We have big plans for CyberFi and Samurai, check it out and happy to
answer your questions!
Alex
(Appi): this is what we are planning for the close future. with 1 week or 2 delay
or early release
Paul
Mont | Satoshi Club: Great to see Covalent integration coming as well 😉
Alex
(Appi): Working hard but no time to play hard
Gold
Rocket | Satoshi Club: Thanks for sharing 😊 you have
an amazing goals 👌
Paul
Mont | Satoshi Club: Yes, great! Thank you very much!
Paul
Mont | Satoshi Club: This is the last question for this very first part
of the AMA, then we’re heading into the LIVE part of the session.
Alex
(Appi): yes let’s go
Q6 from Telegram User @highpee
CyberFi is an Intelligent Automation Platform (ITAP)
and one of such Intelligent innovation is DeFi Automation Standardisation
(DeFiAS). Some DeFi growing projects are forks or each others and some of their
contracts are unaudited. How will this intelligent application be deployed to
address the chaotic proliferation of DeFi projects yield system and how will it
be provide standardised automation of DeFi products that can offer most positive
benefits to users? Also you said DeFiAS can run through smart contract and
generate brief audits and security checks. How is DeFiAS able to perform audit
tool function? How is it able to run automated tests through fork protocols and
provide a safe event map for CyberFi?
Alex
(Appi): Sure another great question
Paul
Mont | Satoshi Club: I concur, Mister @highpee is a master researcher 😉
Alex
(Appi): Basically the CyberFi team reviews projects before they are getting
integrated. if the project is unaudited or the team is shady we don’t add them
to our strategies. Each project we plan to list is reviewed thoroughly by our
team. The safety of our users and investors is our main priority.
Alex
(Appi): The DeFiAS is able to perform quick audits by searching for specific
functions in the smart contracts. I.E: If we find a mint function we review if
the minting works as intended.
Alex
(Appi): This is not a definitive way to review every protocol, it’s just a first
filter to then choose between selected protocols and review them with our
engineering team and then add them to our pools/ DeFi strategies.
Paul
Mont | Satoshi Club: Definitely easing the review process I reckon 😉
Alex
(Appi): We are trying our best to avoid any problem in the future 🙂
Paul
Mont | Satoshi Club: By the way, do teams that submit their application
have to undergo KYC when it comes to the manual review of the process?
Alex
(Appi): Oh yes.
Alex
(Appi): Everytime we want to onboard project or any add-on, or if we want to run
an IDO or open a stakepool as well.
Paul
Mont | Satoshi Club: I mean they can be anonymous to the general public
by are still identified by you? Or do they have to be public on every front?
Alex
(Appi): Every project who wants to collaborate with you needs to KYC to some
extent.
Alex
(Appi): We collect documents and proceed to personal identification on our side
and have some partnership with third party that offer a second protection
layer.
Alex
(Appi): We do track them on linkedin too👀
Gold
Rocket | Satoshi Club: by the way, is your team anonymous now?
Gold
Rocket | Satoshi Club: You guys are dangerous. Just don’t follow my
grandmother’s Facebook. She will send me pancakes😂
Alex
(Appi): Right now our team is mainly composed of non-anonymous people, except for
Geralt our CEO which remain for the time being anonymous to the public but not
on the b2b side
Gold
Rocket | Satoshi Club: To be honest, it inspires confidence👏
Paul
Mont | Satoshi Club: Gotcha!
Alex
(Appi): maybe a reveal one day 👁
Gold
Rocket | Satoshi Club: Now get ready for the most impressive part of
our AMA! 😁
Alex
(Appi): Community Question i feel are going to be tough
Alex
(Appi): be nice everyone
Part 2 — live questions from
the Telegram community
Q1 from Telegram User @alamins005
NFT is not just a trend! It is going to rule this decade and innovation has just started. So, with NFT what is CYBERFI future plan?
Alex (Appi): We have some plan to integrate NFT into our platform, you will discover soon that we are really targeting to be one of the Hub for technology and innovation and we will soon come with some nice partnership / IDO and technology integration on the NFT side
Q2 from Telegram User @Silica432
Can you talk about the participation steps of the IDOs ?
Alex (Appi): Sure the steps are as described: 1/ Stake your CFi to the Samurai Platform (minimum 50). https://samurai.cyberfi.tech)
2/ Contribute to your tier. The more CFi you stake the more you can contribute to the IDO.
3/ Fasten your seat belt and prepare for the moon mission 🚀🚀
Q3 from Telegram User @Shaa93
How many projects have launched IDO on Samurai Launchpad currently? And what is the advantage of Samurai Launchpad over other LaunchPads?
TesterBot: We have successfully launched over 10 projects. The main advantages over other IDOs are our events like Omiyage (gifts depending on the tiers) and our Stakepad, which brings more utility to our platform.
Q4 from Telegram User @hmdtadel
I wanted to find info about your team and past experiences but I couldn’t find it, where can I find it ?
Alex (Appi): Sure, Geralt is mainly an Entrepreneur with a lot of experience in Hackaton and other crypto related company.
Austin our COO is from the VC side. And have a large experience in incubating new project.
On my side i have a PhD in Economics and have organized multiple event around Asia for Blockchain , such as the Korea blokchain week
Q5 from Telegram User @DF3295
quick question, is CyberFi multichain or with a similar perspective, or not yet?
Alex (Appi): We are currently multichain as we integrated already ETH and BSC, we plan to keep the integration to more chain soon
Q6 from Telegram User @highpee
I read that $CFI grants access to GOVERNANCE function and your GOVERNANCE system will incorporate two mechanisms which are Automation Solution Decision Making and Integration voting. Can you explain how $CFI will be used for governance and how it fit into each of these decision making process? What does Integration voting involves and how is it done?
TesterBot: Hey! Great question! Right now governance isn’t live. But will be soon. With governance you’ll be able to choose what protocols should we add to the automation platform, the reward distribution and more. Also you’ll get to vote on other things like new tiers and such. ⚡️
Q7 from Telegram User @centoscu
I don’t do buy and sell and trading but I do investing for long term so why should I invest long term on Cyberfi?
Alex (Appi): You should because other people trade, buy and sell. which bring more volume. We also have great utility for CFi that will help you benefit from gains. Staking brings you 17% APY and the possibility to participate to great IDOs too
Q8 from Telegram User @coinresearcher
I’m wondering if Cyberfi has any buyback events planning for the future to increase token price?
Alex (Appi): This is something we are considering and may or may not happen. Time will tell. please stay tuned 🤫
Q9 from Telegram User @KASG95
You say “CyberFi will allow users to create complex automated cross-chain event scenarios”, but what kind of “event scenarios” do you really mean? Will they refer to operating in any way or participating in some of their products? If so, what would they be?
TesterBot: Well right now you can trigger buy/sell order depending on the price action of isolated pairs. For example: Let’s say Chainlink pumped from $24 to $30 but BAND (main competitor) hasn’t pumped. One would think that BAND will pump so you make this move: You sell Chainlink at $30 in the Eth Mainnet and buy BAND at $15 on BSC.
Q10 from Telegram User @JoanaZ
What are your marketing or expansion plans to fix this? CyberFi is a solid concept that needs to be extended throughout the DeFi area to be successful, so what are your marketing or expansion plans to solve this?
Alex (Appi): We try to target every people around the worl without discrimination. This is something that is quite diffecult at times but i think we should as well try to touch a bit the Asian market later on.
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Cyberfi. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and
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