{"id":12622,"date":"2021-09-22T04:16:09","date_gmt":"2021-09-22T01:16:09","guid":{"rendered":"https:\/\/esatoshi.club\/?p=12622"},"modified":"2021-09-22T04:16:12","modified_gmt":"2021-09-22T01:16:12","slug":"polydefi-x-satoshi-club-ama-recap-from-20th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/22\/polydefi-x-satoshi-club-ama-recap-from-20th-of-september\/","title":{"rendered":"PolyDeFi x Satoshi Club AMA Recap from 20th of September"},"content":{"rendered":"\n

Welcome to another episode of our AMA series.\nToday we are glad to tell you about the AMA session with our friends from PolyDeFi<\/a>, a transparent next\ngeneration tiered IFO launchpad running on the Polygon chain. The AMA took place on September 20 and our\nguest was Prof. POLY, CEO and founder of POLYDeFi.<\/p>\n\n\n\n

The total reward pool was 500$ and was\ndivided into three parts. In this AMA Recap we will try to summarize some of\nthe most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY\nQUESTIONS<\/strong><\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Hello again, dear Satoshi Club community! We are pleased to announce\nAMA with PolyDefi, today our guest is @prof_poly.<\/p>\n\n\n\n

Prof. POLY: <\/strong>Hello\neverybody Nice to meet y\u2019all and thanks for having me over.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Let’s start! Introduce yourself please. How did you get to be\ninvolved in crypto & PolyDefi?<\/p>\n\n\n\n

Prof. POLY: <\/strong>Will\ndo! My name is Prof. POLY and I am the CEO and founder of POLYDeFi. In real\nlife I set up multiple successful businesses in the; sports branches, clothing branches\nand in the marketing branches. After realizing I actually didn\u2019t enjoy working\nfor any of these businesses, I went looking for something else. In the\nbeginning of 2017 I noticed crypto and I immediately saw the great potential\nthat it had.<\/p>\n\n\n\n

 My first bull run\nexceeded all my expectations and I invested in ICO after ICO. Life was good\nuntil the Bull market ended, I started to lose money and I didn\u2019t have any more\nmoney to invest with. I thought I might try to get myself into a crypto project\nteam to get myself some more investment money. During the bear market I worked\non a couple of projects, from which I learned a lot in matters of advertising\ncrypto projects and managing communities.<\/p>\n\n\n\n

 When the bull market\ncame back in 2020, I went looking for new projects to work on. With the\nprevious gained experience, it was easy to get on new project teams. I ended up\nworking on multiple Launchpad projects and some yieldfarming projects. I loved\nevery second of working on these launchpad projects but I noticed there were\nsome flaws within the system they all used. <\/p>\n\n\n\n

I left the launchpad projects, thinking that I could do it\nway better than they did. I reached out to some of my contacts and asked them\nif they would like to work on their own launchpad project. They said yes and so\nPOLYDeFi was born. POLYDeFi will succeed because of the experience that the\ncore team has.<\/p>\n\n\n\n

 As CEO I will guide\neverybody in the right directions, do marketing, set up partnerships and guide\nIFO projects in their first steps into the DEFI world.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>buddy, you have great experience to become a leader. Give us a brief\nintroduction to the project. What is the essence of PolyDefi?<\/p>\n\n\n\n

Prof. POLY: <\/strong>I\nsure as hell believe so too! POLYDeFi is destined for great things.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>I agree.<\/p>\n\n\n\n

Prof. POLY: <\/strong>POLYDeFi\nwill be a transparent next generation tiered IFO launchpad running on the\nPolygon chain. Initially POLYDeFi its native token $OCTAGON will be a\nyieldfarming token, until the launchpad is fully developed. In the time between\nour own launch and launching IFO projects from our launchpad, we will have a\nhuge focus on building a community.<\/p>\n\n\n\n

 So what is an IFO\nlaunchpad you say? Let me explain: IFO stands for Initial Fund Offering.\nPOLYDeFi is a project that strives to decentralize the way in which new\nprojects coming to the Polygon network raise funds.<\/p>\n\n\n\n

Our Tiered IFO platform will help new cryptocurrency\nprojects to raise funds by letting investors lock their liquidity in our native\nOCTAGON\/USDC farm, the amount of LPs locked makes the investor eligible for one\nof our 4 tierpools, a tierpool is based on a fixed purchase rate for tokens. <\/p>\n\n\n\n

POLYDeFi its native token ($OCTAGON) holders can stake USDC\naccording to their tierpool and receive an allocation of the IFO. In this case,\na tierpool is nothing more than a contract that manages the accessibility to\nother pools, so basically it is nothing more than a contract that manages access,\ncontribution and distribution of tokens.<\/p>\n\n\n\n

With POLYDeFi, new DeFi projects will be able to raise funds\ncheap and fast. $OCTAGON token holders will be able to participate in IFOs in\nan upmost secure way on the Polygon network.<\/p>\n\n\n\n

The ultimate goal for POLYDeFi is to become an all-in-one\nDeFi platform. Our launchpad system will work in a different way than other launch\npads. While participating in a POLYDeFi IFO you are still generating Yield from\nour notice farm. More can be found in our whitepaper: docs.polydefi.io<\/p>\n\n\n\n

POLYDeFi will launch on the 28th of September. <\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Also we would like to know more about your team. Who is on the\nproject team core?<\/p>\n\n\n\n

Prof. POLY: <\/strong>So on\nthe team we also have:<\/p>\n\n\n\n

-Pollock: our graphic designer who worked for big companies\nsuch as: Gucci stone island and louis Vuitton.<\/p>\n\n\n\n

-Michael: our marketing manager who has worked on 2 big BSC\nprojects as a marketing manager.<\/p>\n\n\n\n

-davidev and Nico: these two coding legends are our devs.\nThey have been a team for a long time and worked on multiple ETH and polygon\nprojects together.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>Are you looking for new members?<\/p>\n\n\n\n

Prof. POLY: <\/strong>Right\nnow we are not looking to add more people to the core team. We do need some\nquality admins tho. Our plan is to scout talent after launch straight from our\ngroup chat.<\/p>\n\n\n\n

Q1 from Telegram User\n@victorogb<\/strong><\/p>\n\n\n\n

Going through your\ndocument, I observed that POLYDeFi will make strategic steps to it\u2019s project\ndevelopment, which will start off with your DeFi product launches and building\nof your own launchpad. Can you extensively talk on these plans, especially as\nit concerns your launchpad, what kind of projects will you look to work with\nand offer your launchpad services to, and when can we expect full\nimplementations of these services? Also, there are plans by POLYDeFi to build\nan NFT marketplace and launch its first NFT collection. Can you kindly provide\ndetails on this?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>Very\ngood question! <\/p>\n\n\n\n

Our launchpad will be fully developed within 1\/1.5 months.\nIf we feel like the POLYDeFi community is strong enough to start handling launches,\nthen we go full force ahead. Not just any IFO project will be eligible for a\nlaunch at POLYDeFi. Only projects with a good use case, loads of utilities\nand\/or project that have their main platform as good as ready will be eligible.\n<\/p>\n\n\n\n

Regarding the NFT marketplace: it will come together with\nour first batch of NFTs starring our Mascot OCTAGON. The NFTs will each have\nits own rarity. We might even create a launchpad tier pool for NFT holders.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>Do you have talks with any project at the moment? What are your most\nimportant partnerships?<\/p>\n\n\n\n

Prof. POLY: <\/strong>So\nfar we haven\u2019t been looking into new projects that want to launch. <\/p>\n\n\n\n

We are in talks for 3 partnerships right now to back us up\nbefore launch. One of those partners is a big big dex and they might forward\ntheir applicants straight to POLYDeFi.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>What are the main usecases of $OCTAGON?<\/p>\n\n\n\n

Prof. POLY: <\/strong>The\nmain usecases for $OCTAGON will be:<\/p>\n\n\n\n

– yieldfarming in its MVP.<\/p>\n\n\n\n

– it will give you access to quality IFO projects while\nstill earning yield.<\/p>\n\n\n\n

– it will grant you access to our full casino (live table\ngames, third party slots and more) which might be implemented within the first\nweek after launch.<\/p>\n\n\n\n

These usecases are just a few out of a big list. We will\nmake sure there will be more and more usecases and utility for $OCTAGON.<\/p>\n\n\n\n

Q2 from Telegram User\n@Pavel_Jarosh<\/strong><\/p>\n\n\n\n

PolyDefi Octagon\nwhitelist presale has been taken on September the 3rd, 2021 with the initial\nprice of 0.01 USD per token. Please share how did it pass, had it overcome your\nexpectations in regards of the amount raised and what are the next plans for\npublic sale?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>So at\nthe time of the whitelist we were still pretty small so I didn\u2019t expect to fill\nthe full whitelist already. At first the whitelist progressed really slow but\nwhen America woke up it went very fast. We were so happy with the whitelist\ncompletion.<\/p>\n\n\n\n

Right now we are getting everything in place for our launch\nwith the Koalas on the 28th of September. POLYDeFi will announce 2 more quality\npartners before launch for extra backup.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>Why did you choose that initial price?<\/p>\n\n\n\n

Prof. POLY: <\/strong>I\nwanted to keep the marketcap low so that the token could really fly at listing.<\/p>\n\n\n\n

Q3 from Telegram User\n@Billz120<\/strong><\/p>\n\n\n\n

Your Tiered Launched\nPolyDefi has a total of 4 tiers, each one with its own tier size. Could you\nplease explain to us what it simply means by tier size? What amount of LP Token\nwould will each tier need to qualify?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>So we\nwill have 4 tiers at POLYDeFi:<\/p>\n\n\n\n

Level 1: bronze tier<\/p>\n\n\n\n

Level 2: silver tier<\/p>\n\n\n\n

Level 3: gold tier<\/p>\n\n\n\n

Level 4: platinum tier<\/p>\n\n\n\n

If an investor qualifies for the bronze tier he will be able\nto grab less allocation than an investor that qualifies for the platinum tier. The\nhigher the tier, the more LP tokens will be required to be locked. Unfortunately,\nwe can\u2019t announce the required amount to lock yet, because we need a stable\ntoken price in order to decide this. So we will announce this closer to launch.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>About staking, have you established the APY?<\/p>\n\n\n\n

Prof. POLY: <\/strong>Not\nyet, this is something that we will monitor when we have launched. We don\u2019t\nwant insane APYs because our main focus is launching projects. But we don\u2019t\nwant a low APY too because we need to be attractive. So expect a decent APY\nwhile you are benefiting from the launches as well.<\/p>\n\n\n\n

Q4 from Telegram User\n@JesusFre1tes <\/strong><\/p>\n\n\n\n

I read that $OCTAGON\ntoken holders will be able to participate in IFOs in the most secure way on the\nPolygon network. Besides this advantage, what are the other benefits that\n$OCTAGON holders will get for being POLYDeFi holders? They offer security, but\nsuch holders will also have VIP and exclusive access to all IFOs that take\nplace within POLYDeFi? What can you tell us about this? Thank you!<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>We\nthought about giving vip access to launches but then we need to have IFOs that\nare free for all to invest as well and we didn\u2019t like that idea.<\/p>\n\n\n\n

POLYDeFi aims to become an all-in-one platform. we will have\na casino in which you can play with octagon tokens. We are not talking some\ngames like lottery or money wheel, we are talking live table games like\nblackjack, third party slots and more.<\/p>\n\n\n\n

Also only $OCTAGON holders will be able to use our NFT\nmarketplace which will come later down the road. Also all the other launchpads\nrequire the tokens to be either in your wallet for a snapshot system or require\nyou to stake tokens into a tier where you don\u2019t earn any benefits.<\/p>\n\n\n\n

At POLYDeFi you will be able to participate in IFOs AND keep\nearning yield.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>By the way, why did you choose Polygon?<\/p>\n\n\n\n

Prof. POLY: <\/strong>Because\nwe are initially operating from the polygon chain. Also POLY means: \u201ca lot\u201d in Greek\nand that is exactly what we want for POLYDeFi to do.<\/p>\n\n\n\n

Q5 from Telegram User\n@DK177 <\/strong><\/p>\n\n\n\n

62% from the total supply\nof $OCTAGON has been allocated for the initial circulating supply. Breakdown of\nthis portion is 23% for liquidity, 5% for whitelist and 34% for private sale.\nCan everyone participate in your private sale? If yes, please explain the\nprocedure. If no, what is the option for the community to buy $OCTAGON? Don\u2019t\nyou conduct a public sale? If no, what is the reason behind that decision?\nConversely, will the token be listed on a CEX or a DEX bypassing the public\nsale?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>Alright\nthis is a tough question because I don\u2019t know all the answers yet. <\/p>\n\n\n\n

We are launching with Koala on the 28th of September and we\nwill add liquidity on the 29th of September at 9AM UTC. The exact IKO process\nfrom koala will be announced within 2\/3 days.<\/p>\n\n\n\n

The liquidity will be added on a major known dex. I got confirmation of that listing partner just now.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>Btw, what is the max supply of the token?<\/p>\n\n\n\n

Prof. POLY: <\/strong>$OCTAGON\nhas a max supply of 30M tokens across all chains that we integrate in with.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>Which were the results of the audit?<\/p>\n\n\n\n

Prof. POLY: <\/strong>So\nour token audit results just came back yesterday from Techrate and they were\n100% perfect. We are still awaiting the farm audit from techrate. Straight\nafter launch we will apply for a paladin audit as well.<\/p>\n\n\n\n

Q6 from Telegram User\n@Jamesxmen<\/strong><\/p>\n\n\n\n

When I read the\nutilities of OCTAGON token, it has reported about Manual burn mechanism on\nspecial events & when needed in PolyDeFi Whitepaper. Could you elaborate\nmore informative facts on Manual burnings mechanism? When will be a special\nevent appears in PolyDeFi project So that to be happened a manual burn? How\nmuch amount of tokens do you intend roughly to convey towards the manual burns\nin future? What will you do if the PolyDeFi community disagree on Manual burns?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>So\nlike you can see in the tokenomics the project won\u2019t have a lot of tokens. <\/p>\n\n\n\n

For an all-in-one defi platform you need a fair amount of\ntokens to be circulating. <\/p>\n\n\n\n

We are not planning on burning a lot of tokens. When we feel\nthe community really needs something special we. Will do an occasional burn.<\/p>\n\n\n\n

Andr\u00e9s M | Satoshi\nClub: <\/strong>So, talking about important events for the project, could you share\nyour roadmap with us?<\/p>\n\n\n\n

Prof. POLY:  <\/strong>Https:\/\/docs.polydefi.io\/roadmap<\/a>\n<\/p>\n\n\n\n

https:\/\/mobile.twitter.com\/PolyDeFi\/status\/1439997092060073997<\/a><\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS<\/strong><\/p>\n\n\n\n

The chat was open for 120 seconds; a\nlot of questions were posted by Satoshi Club community. Our guest chose some of\nthem.<\/p>\n\n\n\n

Q1 from\nTelegram user @NAZMP2<\/strong><\/p>\n\n\n\n

Where is\nthe $OCTAGON token listed? What is the amount of your token supply?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>Our\nnative token $OCTAGON its Maximum supply will be 30M across all chains.\n$OCTAGON will be listed on Jetswap.<\/strong><\/p>\n\n\n\n

Q2 from\nTelegram user @coinresearcher<\/strong><\/p>\n\n\n\n

How can I\njoin for the presale or private sale of Octagon tokens am I too late for this?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>You\ncan join the presale at KoalaDeFi on the 28th on September. More info will be\nout soon.<\/strong><\/p>\n\n\n\n

Q3 from\nTelegram user @ethcypherpunk<\/strong><\/p>\n\n\n\n

Will POLY\nDeFi be bought on centralized exchanges in the future or only on DEXs?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>I am\nnot a fan of CEXs, they cost a lot of money and don\u2019t give enough exposure for\nthe amount you pay. <\/p>\n\n\n\n

The bigger CEXs are great so expect us on Binance one day.<\/p>\n\n\n\n

Q4 from\nTelegram user @ronaldo_super<\/strong><\/p>\n\n\n\n

Hello\n@prof_POLY Why people call you Prof POLY?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>First\nof all, I am probably the biggest Ronaldo fan alive so I gotta answer the man\nhimself.<\/p>\n\n\n\n

They call me professor POLY because I teach everybody how\nDeFi works and because I have major experience.<\/p>\n\n\n\n

Q5 from\nTelegram user @LioKing1000<\/strong><\/p>\n\n\n\n

Can\n$OCTAGON token holders participate in IFO? And Will users other than $OCTAGON\ntokens have access to your NFT Marketplace?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>Only\noctagon holders will have access to both the launchpad and NFT marketplace. We\ngotta give benefits to our loyal holders.<\/strong><\/p>\n\n\n\n

Q6 from\nTelegram user @kanu020<\/strong><\/p>\n\n\n\n

Which\ngroups or social media pages can users follow to get latest information and\nstay updated about the Polydefi project?<\/em><\/p>\n\n\n\n

Prof. POLY: <\/strong>Https:\/\/t.me\/polydefi_community<\/a> <\/p>\n\n\n\n

\nTweets by polydefi<\/a>