{"id":12717,"date":"2021-09-24T09:38:31","date_gmt":"2021-09-24T06:38:31","guid":{"rendered":"https:\/\/esatoshi.club\/?p=12717"},"modified":"2021-09-24T09:40:19","modified_gmt":"2021-09-24T06:40:19","slug":"revest-finance-x-satoshi-club-ama-recap-from-22nd-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/24\/revest-finance-x-satoshi-club-ama-recap-from-22nd-of-september\/","title":{"rendered":"Revest Finance x Satoshi Club AMA Recap from 22nd of September"},"content":{"rendered":"\n

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Revest finance<\/a>; they offer the ability to lock ERC20 fungible tokens into ERC1155 non-fungible tokens. The AMA took place on September 22 and our guest were @christophercharles92 and @RobAnon (Founder and CEO).<\/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 QUESTIONS <\/strong><\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Hello again, dear Satoshi Club community! We are pleased to announce\nAMA with Revest. Today our guests are @christophercharles92 @RobAnon.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>Thank you, we are excited to be here!<\/p>\n\n\n\n

Rob M: <\/strong>Good to be\nwith yall today.<\/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 & Revest? Tell us please about your position in Revest.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>I’ve been involved in crypto since the summer of 2019 when\nI first saw the price of Litcoin rise rapidly due to its halving. After that I\nbecame fascinated with the space, and I now seek to innovate and improve the\nfinancial space by disrupting traditional methods. I have since played a key\nrole in several projects, my latest being Revest Finance, which we are here to\ntalk about today.<\/p>\n\n\n\n

Rob M: <\/strong>So I’m the\nFounder and CEO of Revest, been involved in cryptocurrency since 2012 when I\nlearned about Bitcoin at $40\/BTC. I’ve been around in various ways over the\nyears, small scale mining, the like. This year was the year that I came into\nthe space in a big way, though. I started the year running a validator, where I\nmet many of the folks on my team. Expanded out into an interactive NFT project\nand put my long-standing hobby of programming to good use, creating a project\ncalled Negative Entropy. That went quite well, and during a period of downtime,\nI realized that the real application of NFTs wasn’t just art \u2013 it was the\ntokenization of non-fungible financial positions. The idea for Revest was born,\nI put together some of the most talented individuals I knew, both inside and\noutside of the crypto space, and Revest Finance was born. <\/p>\n\n\n\n

In my day to day role, I work as both the CEO, steering the\nship, and as one of the lead devs on the project, helping out where I’m needed.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Tell me honestly, did you sell those bitcoins?<\/p>\n\n\n\n

Rob M: <\/strong>Well, I\nlost one when MTGoxx rugged in 2014\/15, and I’m still trying to get it back.\nThe other one, I definitely didn’t sell for beer money in college.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>You are absolutely right. With mass crypto adoption, the world won’t\nbe the same.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>Give us a brief introduction to the project. What is the essence of\nRevest?<\/p>\n\n\n\n

Rob M: <\/strong>Happily,\nand thank you very much! So what Revest does is that we offer the ability to\nlock ERC20 fungible tokens into ERC1155 non-fungible tokens. You can then trade\nthem with other people, pass them around on sites like OpenSea, and whoever has\nthem can ultimately redeem them for the underlying value. Since ERC-1155 can\nhave multiple copies of the NFT, you can even split up a collection of tokens\ninto multiple ERC1155’s \u2013 for instance, I could take 1000 ERC20 tokens and turn\nit into 100 ERC-11555 NFTs (which we call FNFTs), each worth 10 ERC20s. <\/p>\n\n\n\n

However, what really makes our protocol useful is that you\ncannot instantly redeem these ERC1155s for the underlying ERC20 tokens. We\nplace locks on top of these FNFTs so that people have to wait for the lock to\nunlock before they can withdraw the underlying assets. These locks can either\nbe time locks, which are self-explanatory, value locks, which are based on\nprice, or address locks, which can be functionally anything.<\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>Very innovative\ntechnology.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>Thank you, our FNFTs truly enable a vast array of new possibilities\nfor Decentralized Finance.<\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>We can do the same in\nreverse? To take 10 ERC-11555 and turn it into ERC20?<\/p>\n\n\n\n

Rob M: <\/strong>Thanks,\nglad you like it. I actually got the idea writing an interactive NFT that would\ndisplay the live price of Bitcoin; I did it mainly for fun, and was using\nChainlink oracles to fetch the price for Bitcoin in this NFT, when I realized\nthat you could take the same concept and do everything about it on chain.\nRealized there was a huge gap in the ability to transfer locked tokens in the\ncrypto space, so much so that acquisitions are basically impossible right now,\nand I decided to fill it.<\/p>\n\n\n\n

Once you have the ERC11155’s created by RVST, you can\nwithdraw the ERC20s from them once the lock unlocks. But no, we’re mainly\nfocused on turning fungible tokens and the associated positions into\nnon-fungible packets with custom locks, not fractionalizing artistic NFTs.<\/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

Rob M: <\/strong>So we have\na very wide variety of people from an extremely different set of backgrounds.<\/p>\n\n\n\n

There’s myself, who has a background in Mechanical\nEngineering, and was working on my doctorate prior to catching the crypto bug.<\/p>\n\n\n\n

There’s Chris, who yall already know.<\/p>\n\n\n\n

There’s Louis, who has a background as a Professor of\nFinance, with an emphasis on Derivatives.<\/p>\n\n\n\n

There’s Theto, who has a background in investment banking,\nprivate equity, and as a crypto advisor.<\/p>\n\n\n\n

There’s Mickle, who has a long background in marketing and entrepreneurship.<\/p>\n\n\n\n

There’s foobar, who has his background in computer science,\nNFTs, and Solidity development.<\/p>\n\n\n\n

There’s James, who has a background in frontend web\ndevelopment.<\/p>\n\n\n\n

And there are a bunch of other friends we’ve made along the\nway who have helped Revest become what it is today.<\/p>\n\n\n\n

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

Financial Non-Fungible\nTokens (FNFT) is said to form the backbone of the Revest protocol and this new\nbreed of non-fungible financial instruments may be bought, sold, and traded on\nany platform which supports the ERC-1155 standard. What is the reason why you\nchoose the ERC-1155 standard? What benefits\/advantages does this standard offer\nthat makes Revest protocol to leverage and use it? What are your plans for\nintegration with other Protocol\/Network with low transaction fee like BSC?<\/em><\/p>\n\n\n\n

Rob M: <\/strong>We chose\nthe ERC1155 standard because it is semi-fungible. Much like a stock or a bond\nin traditional CeFi is identical within a company but differs across the\nindustry (that is, all Microsoft stock is identical, but Microsoft stock is\ndifferent from Tesla stock), an ERC1155 can have multiple copies of an\nidentical FNFT within a single “series” (or ID number). This means\nthat we can fractionalize a single pot of ERC20’s into multiple different\npackets that all have identical unlocking conditions, but can be transferred\nindependent of one another.<\/p>\n\n\n\n

For instance, if I were a dev, and I vested my LP tokens\nunder a traditional vesting system, I cannot allow any meaningful acquisition,\npartial or total, of the real rights to my company. I could sell someone my\nwallet, but I know the private key, so that isn’t secure. I can’t fractionalize\nthe lock, and I certainly can’t easily transfer it using something like\nOpenSea. So if another crypto project wanted to acquire my project, they cannot\ntake meaningful control of the rights to the liquidity, and such, they cannot\nmeaningfully acquire my project. If, however, I have that project’s 1000 LP\ntokens stored in 100 packets of 10 LP tokens each, I can sell off a percentage\nof those ownership rights quite easily, and allow for a partial or full\nacquisition. With ERC721, I’d have to mint each of those 100 packets\nindividually, and the gas cost would be astronomical; ERC1155 solves that\nproblem.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong> In other words, real\nworld companies such as Microsoft acquire other companies on a daily basis.\nFNFT technology will enable this safely for cryptocurrency companies as well.<\/p>\n\n\n\n

Q2 from Telegram User\n@Ecmq10<\/strong><\/p>\n\n\n\n

Hello Revest team! I\nread that Revest liquidity providers and RVST holders will be given the\nopportunity to stake their tokens for a period of 1, 3, 6, or 12 months. What\nwould happen in the hypothetical case that a user wants to unstake their tokens\nbefore that set time? Will there be any opportunity to do so? Will the user\nhave to pay any additional fee to be able to unstake? Thank you.<\/em><\/p>\n\n\n\n

Rob M: <\/strong>So we’ve\nactually thought through that extremely thoroughly. Instead of having the\nability for the user to unstake, we’re instead locking their staked tokens into\nan FNFT; so while they can claim rewards whenever they want from that FNFT, if\nthey decide that they’d like to retrieve a portion of the underlying asset’s\nvalue early, they can choose to sell or trade that FNFT on any marketplace that\nsupports the transfer of ERC1155’s! We think this offers a nice balance between\nsemi-liquid positions and a cost\/benefit from selecting longer staking periods;\nlonger periods will offer higher rewards, but the only early exit is to sell\nthe staking position itself.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>In the future, 99% of the fees generated by the Revest\nProtocol will be rewarded to our stakers as well!<\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>Btw, what is the APR\nfor staking? Is there a minimum quantity needed to hold for staking?<\/p>\n\n\n\n

Rob M: <\/strong>Yes,\nshould add that we’re launching in Open Beta; the first 6-12 weeks of protocol\noperation, stakers will be rewarded with RVST tokens set aside for the purpose.\nFollowing that, fees will be leveraged in ETH. <\/p>\n\n\n\n

APR isn’t predictable, given that it will ultimately be\nbased on how much traffic the platform itself receives, and that how much of\nthose fees you receive is also dependent on how much of any given pool you\ncontrol.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>you really thought out all the options perfectly.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>Yes, if someone wanted to they could theoretically sell\ntheir stake on opensea (while its locked in an FNFT), just like a developer who\nlocks their LP tokens into an FNFT could sell them on opensea.<\/p>\n\n\n\n

Rob M: <\/strong>We spent a\nlot of time working on every aspect of Revest.<\/p>\n\n\n\n

Many late night chats and long meetings, but we hope that\nthis hard work will pay off.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>The Revest community has made the first day of the Reservation Event amazing\n(\u0441) from your tweeter, tell a little about I. I think you have something to\nshare.<\/p>\n\n\n\n

Rob M: <\/strong>We’ve\nreally been impressed by the way it has gone! Nearly 1000 ETH has been raised\nso far, and the entire event has gone off without a hitch. We chose a batch\nauction format for the reservation event, with the goal of avoiding gas wars,\navoiding botting, and ensuring that everyone can participate in the sale\nwithout having to worry about being edged out by the first two. So far, haven’t\nseen any of those issues!<\/p>\n\n\n\n

Chris (Verified\nusername only):  <\/strong>We also raised a\nfair amount in our seed round.<\/p>\n\n\n\n

\nhttps:\/\/revestfinance.medium.com\/revest-finance-raises-2-1m-seed-round-ahead-of-public-launch-b2282d91a33e\n<\/div><\/figure>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>Wow big amount, you\nhave a loyal community.<\/p>\n\n\n\n

Rob M: <\/strong>We’re very\ngrateful to them. Wouldn’t be here without these wonderful folks who’ve\nbelieved in us.<\/p>\n\n\n\n

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

As part of Revest use\ncases you will make donations for Charity, but in your Tokenomics I noticed you\ndidn\u2019t allocate any % for Charity. So can you tell us the area of Charity will\nyou want to make donations to? What is the % allocated for it? Will your community\nalso have a say as regards to which Charity organizations you will make\ndonations to?<\/em><\/p>\n\n\n\n

Rob M: <\/strong>So I think\nthis may represent some minor confusion: FNFTs can be utilized to raise money\nfor charity through the multiple-deposits feature; this feature allows for\nadditional deposits to be made into an FNFT series, either forever, or for a\nset period of time. We see charity raises as being an obvious use-case for\nthis, where people can make deposits into FNFTs up to a certain cut-off point,\nand ensure that the value raised is distributed automatically across the entire\nFNFT series. <\/p>\n\n\n\n

That all said, one of our seed round contributors is a\ncharity-focused organization, whose mission is to raise funds for victims of\nsexual trafficking. So we’re very excited to be partnered with them, and hope\nto assist them in the future with this effort.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub:<\/strong> it is really noble to be engaged not only in business and technology,\nbut also to think of charity.<\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>It is great to see\ntokens with multiple usecases.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>Yes, there are so many possible use cases, such as charity,\ninheritances, derivatives, the list goes on!<\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>So, could you tell us\nabout your tokenomics? How much is the total supply and current market cap?<\/p>\n\n\n\n

Rob M: <\/strong>The total\nsupply is 100M, and the market cap will not be determined until the end of the\nReservation Event \u2013 wish I could comment on that, but any estimate I could give\nyou would unfortunately be inaccurate within the next few days.<\/p>\n\n\n\n

We are distributing 33M RVST tokens in our reservation event\ncurrently, which you can learn more about at revest.finance\/reserve. <\/p>\n\n\n\n

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

Alongside the news to\nannounce this AMA session, there was parallel news announcing new AMAs in two\nother Satoshi communities! It is very exciting to have projects so interested\nin doing AMAs and clearing up any doubt their users might have about their\nplatform. With this in mind, would you tell us what are some ways in which you\nreward your community, and ensure their voices are always heard?\nDecentralization is all crypto is about these days, so how does your team\nconnect with their investors, and what are your decentralizing methods? Is your\nownership renounced? Do you have a DAO in place?<\/em><\/p>\n\n\n\n

Rob M: <\/strong>So our\ntoken doesn’t just offer 99% of fees incurred by our platform as a reward for\nstaking it; it also grants governance privileges. While this mechanic has not\nyet been implemented, we will transition fully to a DAO structure within a year\nof launch of the Revest Protocol. We absolutely believe in decentralization and\nwant to turn the project over to the community.<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>I am sure that Decentralized Autonomous Organizations are\ngoing to play a key role in the future of cryptocurrencies and blockchains, and\nfor that reason we will become a DAO.<\/p>\n\n\n\n

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

The idea of locking\nthe funds to sometime\/price or other criteria is really great. But the question\nis, will it possible to break the lock. In case of value\/time lock, let\u2019s say,\nwe lock an asset and the asset dumped by 50% and interest of portfolio, would\nlike to sell the assets but the value\/time didn\u2019t meet. So security of assets\nand securing the portfolio is the key for any decentralized user.<\/em><\/p>\n\n\n\n

Rob M:<\/strong> With our\ndefault lock system, breaking the locks is not possible; we designed it this\nway for maximum security, as we don’t feel that the power to break a lock\nshould be centralized, by default, to any authority. <\/p>\n\n\n\n

However, our address locks are designed so that anyone can\nwrite a lock and we do anticipate that people will write locks which offer this\nfeature. Community sourcing of different locking mechanisms is one of Revest’s\nstrongest aspects, as the more locks are written, the better the protocol\nbecomes.<\/p>\n\n\n\n

Once a custom lock has been written, it can be shared across\nthe community and reused by any interested parties. When someone writes a\nparticularly good lock, we’ll even feature it in the “presets”\nsection of our address lock configuration page. <\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>Talking about security,\nhave you done any audit process or hackathons to ensure everything is ok?<\/p>\n\n\n\n

Chris (Verified\nusername only): <\/strong>If the Financial NFT is a value lock FNFT though, it could\nbe set to unlock either above or below a certain price (the price is provided\nby chainlink oracle), so if it was set to unlock below that value it, it would\nbe able to in that case.<\/p>\n\n\n\n

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

How to start in\nRevest, from scratch, what is the minimum investment and from where can I\ndeposit? Can smart vaults be distributed quickly and safely, what is the\nresponse capacity and what security system do they offer at the time of an\nemergency due to hacks or xploits? what is the usefulness of the token and the\nrecommendation you give to give it the best use on the platform. can you\nexplain a little more? Thank you<\/em><\/p>\n\n\n\n

Rob M:<\/strong> So to participate in the reservation event, you’ll need to\ngo to revest.finance\/reserve \u2013 there is no minimum contribution. To get started\nwith smart vaults, you’ll visit our webapp; once again, there is no minimum\namount to deposit. We have an emergency response system in place, however, we\nare very confident in the quality of our code and do not anticipate any issues.\nThe token has utility in both fee distribution and governance, as previously\ndiscussed. <\/p>\n\n\n\n

Smart vaults (another term for\nFNFTs) can be easily sent to multiple addresses with our batch distribution\nfeature; you can copy\/paste a list of addresses and quantities of FNFTs to give\neach address from excel or a CSV. We expect this will facilitate the easy\ncreation of large amounts of FNFTs for vesting systems and similar\napplications.<\/p>\n\n\n\n

Chris (Verified username only): <\/strong>https:\/\/docs.revest.finance<\/a>  For anyone who would like to see our UI,\ncheck out value and time locks under the tutorial section!<\/p>\n\n\n\n

For anyone who wants to contribute\nto our reservation event as well, it is currently live until Friday!\nrevest.finance\/reserve <\/p>\n\n\n\n

Andr\u00e9s M<\/strong> | Satoshi Club: <\/strong>Thanks\nfor the answer, now, could you share with us the roadmap of the project? What\nis the greatest event coming for the next quarter?<\/p>\n\n\n\n

Rob M: <\/strong>We haven’t finalized the roadmap quite yet, but I can tell\nyou that our first priority is the low-hanging use cases such as team-token\nvesting, liquidity token vesting, and generalized vesting structures. Following\nthat, we’re looking to expand into more complex tokenizations of non-fungible\ntokens (derivatives), such as the separation of interest and principal for interest\nbearing tokens (AAVE + Yearn). We’ve built the system to be incredibly\ncompostable, so expanding to these exciting new use cases will be very\nstraightforward.<\/p>\n\n\n\n

Recommend that yall check out our\nTwitter for when we publish the official document: https:\/\/twitter.com\/RevestFinance<\/a> <\/p>\n\n\n\n

\n\n\n\n

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

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

Q1\nfrom Telegram user @vedamatrix<\/strong><\/p>\n\n\n\n

How\ndo you determine the correct market prices on tokens and NFT\u2019s do you work with\nChainlink?<\/em><\/p>\n\n\n\n

Rob\nM: <\/strong>We utilize two different oracle systems currently: Chainlink Price\nFeeds, and a Uniswap TWAP that works for any pair on UNI. We’re currently\nworking with a third team we’ll be announcing our partnership with in the\nfuture to build an oracle that will work for any pair on Uni, Sushi, or any Dex\ndesired, and without requiring the two transactions that Uniswap TWAPs do by\ndesign.<\/p>\n\n\n\n

Q2\nfrom Telegram user @nguyenben<\/strong><\/p>\n\n\n\n

You said: ” In the future, 99% of the fees generated by the Revest\nProtocol will be rewarded to our stakers\u201d. So what about the remaining 1%?<\/em><\/p>\n\n\n\n

Chris (Verified username only): <\/strong>Yes, 99% of revenue generated by\nthe Revest Protocol will go towards the stakers. The other 1% will go to the\nRVST token liquidity!<\/p>\n\n\n\n

Q3\nfrom Telegram user @K2ice<\/strong><\/p>\n\n\n\n

How can I contribute to the reservation event in my own little way?<\/em><\/p>\n\n\n\n

Rob\nM: <\/strong>revest.finance\/reserve \u2013 there is no minimum contribution 🙂<\/p>\n\n\n\n

Q4\nfrom Telegram user @JaviSuBs<\/strong><\/p>\n\n\n\n

Greetings, Revest I see that it uses 3 types of padlocks, that proves\nto be a very safe and reliable system, but what are the characteristics and\nfunctions of the 3 types of padlocks? What is the best recommendation to use\neach of them?<\/em><\/p>\n\n\n\n

Chris (Verified username only): <\/strong>The three different types of locks\nare time locks, value locks, and address locks. We also have several advanced\nfunctions that can be enabled for all of the above, making the possibilities\nendless. We had someone in our chat the other day asking if they could use\nFNFTs as a “dead man\u2019s switch”, the answer is yes! We are getting all\nsorts of cool innovative ideas and proposals and the use cases for FNFTs are\nexpanding by the day 🙂 <\/p>\n\n\n\n

Q5\nfrom Telegram user @AugusS7<\/strong><\/p>\n\n\n\n

You\ncomment that Revest offers 3 types of padlock to lock its ERC20 tokens, but I\nam not very clear on its second value lock and its unlocking, could you expand\nthis information further?<\/em><\/p>\n\n\n\n

Rob\nM: <\/strong>Certainly! Value locks are really quite simple: you specify an\nasset to measure the price of, for example, RVST. You next specify an asset to\nmeasure the price in units of \u2013 typically, either ETH or USD. You then specify\na threshold value and whether you want the lock to unlock when the value of the\nprimary asset rises above or below that threshold. For instance, you could\ncause the lock to unlock when the price of RVST rises above $1. In this way,\nyou can introduce performance incentives to any team’s vesting and encourage\ninvestors to help build a project by locking some of their tokens to its value.\nThere are a lot of possible uses-cases!<\/p>\n\n\n\n

Q6\nfrom Telegram user @MdLuffyo<\/strong><\/p>\n\n\n\n

Can the Revest platform run lock systems with all blockchains or does\nthe system work on a single blockchain network? Can a multi-chain lock,\nespecially address locks, become functional for both projects and users?<\/em><\/p>\n\n\n\n

Chris (Verified username only): <\/strong>To begin with we are releasing the\nRevest Protocol on the Ethereum blockchain, which is the main hub of\nDecentralized Finance. You will be able to lock any ERC-20 token on the\nEthereum blockchain into FNFTs, whether it launched the day before hand or it\nhas been around for years!<\/p>\n\n\n\n

Q7\nfrom Telegram user @atmaca111<\/strong><\/p>\n\n\n\n

What should we expect to change or improve in DeFI after you?<\/em><\/p>\n\n\n\n

Rob\nM: <\/strong>Many financial positions, both in CeFi and in DeFi, are\nnon-fungible. That is to say, they are unique. A call option placed on the\nprice of Ethereum relative to USD is a non-fungible position in that it is\nunlikely there will be another call option exactly like it; the strike price\nand the date will differ. However, in much of DeFi, non-fungible positions are\nconfusingly represented by fungible ERC20 tokens. It is clunky and we think\nthat it makes far more sense to represent non-fungible financial positions with\nnon-fungible tokens. Just as companies like Amazon discovered that the true use\nof the Internet lay in E-commerce and not Pets.com, we believe the true use of\nnon-fungible tokens lies in finance, not art. Art is fun, and NFTs based on it\nare fantastic; but we see far more potential applications in finance.<\/p>\n\n\n\n

So we think we’ll see DeFi forever\nchanged by this realization and understanding.<\/p>\n\n\n\n

Q8\nfrom Telegram user @surendra040<\/strong><\/p>\n\n\n\n

Rugpull is common in blockchain world when team is not properly doxxed.\nWhat is your team status and how can we trust and invest on your project?<\/em><\/p>\n\n\n\n

Rob\nM: <\/strong>Myself, Chris, and Louis are all fully doxxed. I know half of the\nrest of the team personally, and I know everyone’s real name involved. All of\nour contracts are locked under gnosis multiset, so I’m very confident that we\nare a secure team. I speak with each of these people daily, and I’ve been doing\nit for over a hundred days now.<\/p>\n\n\n\n

Q9\nfrom Telegram user @cenkkargin0666<\/strong><\/p>\n\n\n\n

What is the token of Revest Finance, what are its main functions? Do\nyou have tokenomics, if so, can you share it with us? Which blockchain network\ndo you work with?<\/em><\/p>\n\n\n\n

Chris\n(Verified username only): <\/strong>We don’t have any wild taxes to buy or sell or\nany of those tokenomics, you will be able to buy the RVST token with .1%\nslippage after we have listed on uniswap. In fact, we recommend you use the\nlowest slippage in order to avoid front running bots!<\/p>\n\n\n\n

Q10\nfrom Telegram user @tomo_fan<\/strong><\/p>\n\n\n\n

Revest Finance is audited by Solidity Auditors, & It is one to top Audit\nfirms in Crypto field. How was the overall Report?<\/em><\/p>\n\n\n\n

Chris\n(Verified username only: <\/strong>We passed with flying colors, I will provide a\nlink to the audit report so that you can see for yourself.<\/p>\n\n\n\n

https:\/\/solidity.finance\/audits\/Revest\/<\/a><\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Revest Finance. A link to a Quiz\nform was sent into the chat. Participants had 10 minutes to answer. 300$ were\ndistributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n