Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> Gabi (Will Never DM First):<\/strong> Gabi (Will Never DM First):<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Annex is our biggest project yet however.<\/p>\n\n\n\n David@annex (Will never DM first):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> But Justin Sun got us in touch with TUSD, and TUSD had been working closely with us and introduce us to crypto.com\u2026\u2026and Crypto.com introduce us to Cronos team where they wish for us to push to be one of their biggest Defi ploatform on Cronos network\u2026.so that’s why we ended up in Cronos now. We wish to unity the cross chain platform through our protocol by offering lending\/borrowing protocol across different chain users. Be the one stop shop of all things DeFi<\/p>\n\n\n\n I hope that kinda answers your question on that<\/p>\n\n\n\n David@annex (Will never DM first):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> Without a doubt Annex has taken a big step by becoming the first platform to offer lending\/borrowing on Cronos network, but here is the thing \u2026 what are the advantages of operating lending in this chain? Currently there are many possibilities \u2026 what solutions does Cronos offer in the face of the vast immense number of lending systems in other well-known networks?<\/em><\/p>\n\n\n\n Gabi (Will Never DM First):<\/strong> Gabi (Will Never DM First):<\/strong> David@annex (Will never DM first):<\/strong> the biggest advantage of launching on Cronos? We are targeting to be one of the first. With over $1bil TVL on their network, all of these value could be added into Annex platform for greater utilities in their network<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> but crypto space is a ever changing world, Cronos wasn’t originally part of our roadmap at all but we some how landed here. I would say we will still try to reach our original roadmap, but should another opportunity arise, we will do everything we can to be known in that market<\/p>\n\n\n\n Paul Mont | Satoshi Club: Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Gabi (Will Never DM First):<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> An innovative function that your platform offers is the Automatic Holding Rewards mechanism, as I understand it, the $ANN token holders will be able to earn daily interest in their holding assets. Where do these funds come from? What makes this type of rewards sustainable in your ecosystem? The interest amount varies according to the amount of $ANN tokens you hold? Or how does this work?<\/em><\/p>\n\n\n\n David@annex (Will never DM first):<\/strong><\/p>\n\n\n\n the assets were allocated from whitepaper on day one before it was released<\/p>\n\n\n\n David@annex (Will never DM first):<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong> Gabi (Will Never DM First):<\/strong> Gabi (Will Never DM First):<\/strong> Paul Mont | Satoshi Club:<\/strong> David@annex (Will never DM first):<\/strong> Paul Mont | Satoshi Club:<\/strong><\/p>\n\n\n\n Sounds like an innovative way to take compounding to the next level, while also taking away any possible smart-contract risk. Cudos guys <\/p>\n\n\n\n Gabi (Will Never DM First):<\/strong> Jonah<\/strong> 🏅🎹 | Satoshi Club:<\/strong> Gabi (Will Never DM First):<\/strong> David@annex (Will never DM first):<\/strong> https:\/\/app.annex.finance\/vote\/all<\/a><\/p>\n\n\n\n btw, we are about to do another buy back from our AIP-15 vote, so get it before we buy back \ud83d\ude42<\/p>\n\n\n\n Gabi (Will Never DM First), [13.12.2021 15:53] Paul Mont | Satoshi Club:<\/strong> Paul Mont | Satoshi Club: Paul Mont | Satoshi Club:<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> Jonah <\/strong>🏅🎹 | Satoshi Club:<\/strong> You mentioned in your whitepaper that there will be a total limited supply of 1,000,000,000 $ANN tokens, and initial distribution supply of 50,000,000 tokens. How do you plan to distribute this initial supply? What is the allocation for private sales, public sales? Are there VC seed sale allocation and are you planing a fundraise? Also, when are you planning the release of the remaining supply? Lastly, what is the burn mechanisms for this tokens and what event will you introduce to sustain its value?<\/em><\/p>\n\n\n\n
Hello Satoshi Clubbers! Today we are excited to announce our AMA session with Annex Finance! <\/p>\n\n\n\n
Today\u2019s guest are @DavidAnnex and @GABRIALF ! Welcome! Great to have you here! <\/p>\n\n\n\n
Hello @DavidAnnex welcome to Satoshi Club<\/p>\n\n\n\n
Hello<\/p>\n\n\n\n
Thanks for having us<\/p>\n\n\n\n
Hello @GABRIALF<\/p>\n\n\n\n
we are excited to be here as well<\/p>\n\n\n\n
It’s a pleasure to have you here.. <\/p>\n\n\n\n
Hello Jonah<\/p>\n\n\n\n
Hello Everyone<\/p>\n\n\n\n
We’re super excited to know anything about Annex Finance <\/p>\n\n\n\n
How’s your day been so far? <\/p>\n\n\n\n
Welcome.. <\/p>\n\n\n\n
It’s all good so far, this week will be very exciting for annex and cronos network<\/p>\n\n\n\n
Great to read! And we’re here to hear all about the new stuff that’s coming <\/p>\n\n\n\n
So, without further ado, let’s start! Would you guys please introduce yourselves a bit?<\/p>\n\n\n\n
Please tell us more about yourselves – your past experiences\/background, your roles in Annex Finance and also how did the idea for Annex Finance come to life.<\/p>\n\n\n\n
Sure thing, as you can tell my name is David, I’m the founder of Annex Finance. we founded this project with my team called agencywolfe (https:\/\/agencywolfe.com\/) who are specialized in software design and development with a rich experience on DeFi and NFT development experiences.<\/p>\n\n\n\n
@GABRIALF on the other hand, had been helping me and my team on market analysis also, he is my most trusted partner in crypto space<\/p>\n\n\n\n
great to you you and your most trusted partner here with us, how many members are on your team?<\/p>\n\n\n\n
I can see from the website that your team has quite the experience and pedigree working in the space – great works! <\/p>\n\n\n\n
Yes \u2026the website is very great with unique user interactive designs<\/p>\n\n\n\n
where as on project experience, We founded Agency wolfe back in 2016 with our work portfolio on it as well, we had helped built quite a bit of crypto projects in crypto space<\/p>\n\n\n\n
Thank you Paul <\/p>\n\n\n\n
20<\/p>\n\n\n\n
An impressive number I must say<\/p>\n\n\n\n
4 on front end, including myself, the rest on backend<\/p>\n\n\n\n
such as development, market research, business partnership development<\/p>\n\n\n\n
Nice! And what about Annex? I know the project’s launch on BSC and then on Cronos has been recent <\/p>\n\n\n\n
Please tell us more about this project’s vision and mission.<\/p>\n\n\n\n
And by the way, congratulations for being among one of the very first projects launching on Cronos Network! <\/p>\n\n\n\n
We want to turn Annex Finance into a one stop shop DeFi platform with Collateralized lending protocol, AMM, IDO launchpad, and NFT on cross chain. The original plan was to initially launch the platform on BSC and then ETH and Polygon shortly after. <\/p>\n\n\n\n
Because of this reason, Cronos team will also be co marketing Annex Finance once lending is LIVE<\/p>\n\n\n\n
This is Great.. I’m sure excited to see how far this would go<\/p>\n\n\n\n
I would say that word-of-mouth worked wonders in your case guys <\/p>\n\n\n\n
And by the way history has quite a record for pioneers in a network: they often tend to become the most established ones in the ecosystem<\/p>\n\n\n\n
And I can see from your introduction that the premises look good <\/p>\n\n\n\n
Thank you very much for the thorough introduction @DavidAnnex and @GABRIALF !<\/p>\n\n\n\n
There are many details that we\u2019d like to flesh out and learn about Annex Finance.<\/p>\n\n\n\n
Without further ado, if you agree, we can move to the community questions <\/p>\n\n\n\n
we are shooting to be one of the powerhouse in lending\/borrowing for Cronos network at the moment <\/p>\n\n\n\n
Crypto.com are huge on marketing, Cronos network will receive the marketing they deserve. Cronos reached over $1bil TVL in less then 3 weeks since launch, and we are targeting to be the biggest lending platform on Cronos, like Venus to BSC network<\/p>\n\n\n\n
These are outstanding figures\u2026 The Crypto.com\/Cronos ecosystem is definitely growing super fast. Again, I’m pretty sure most of the value will be reaped by the most professional, value-packed projects in the network <\/p>\n\n\n\n
Would you like to add something else? Or shall we proceed to the questions from the community?<\/p>\n\n\n\n
Being first on their market will also have great impact on proper exposure.<\/p>\n\n\n\n
Please go ahead<\/p>\n\n\n\n
Q1 from Telegram User @Arisabela<\/em><\/p>\n\n\n\n
Cronos Chain is just like BSC of Binance, All the successful project on Cronos will get direct exposure of Crypto.com exchange, Crypto Defi Wallet and Crypto.com app which has 10M active users.<\/p>\n\n\n\n
And since we are early into this chain.. we expect a lot of support from both Cronos and Crypto.com down the line<\/p>\n\n\n\n
First of all, We launched on Cronos chain because we, as well as our greater community, believes that Cronos network will be just as big as some of the other network out there. We do not know if they will be as big as BSC or ETH network, but being first on Cronos network with their team’s backing it, it could land Annex in the powerhouse of lending like Aave of ethereum or Venus of BSC. We strongly believe with the help and support of Cronos team and our existing community we can achieve this<\/p>\n\n\n\n
Definitely agree – being a first-mover greatly adds to a project’s competitive advantage <\/p>\n\n\n\n
It’s exciting to see how you are taking good advantage of your position here\u2026 Being the first on Cronos <\/p>\n\n\n\n
even tho we started on BSC, I personally believe lending platform on BSC is way too diluted, if we were to grow the platform, we need to expand at the right time with the right product<\/p>\n\n\n\n
What other chains will you also integrate with?<\/p>\n\n\n\n
As stated on the roadmap, the original roadmap was suppose to be BSC\/ETH\/Poly<\/p>\n\n\n\n
Roadmaps are meant to give a guide, but being flexible and seize opportunities is a skill that’s part of many projects successes <\/p>\n\n\n\n
Having what it takes to keep up with the market trends..is more important than sticking to one path way<\/p>\n\n\n\n
We’re on the same page mate <\/p>\n\n\n\n
Oh yes.. <\/p>\n\n\n\n
We are trying to be as up to date as possible<\/p>\n\n\n\n
We are already getting a lot of suggestion from the community for next chain <\/p>\n\n\n\n
We really have our community to thank for, we take suggestion very seriously<\/p>\n\n\n\n
And yes, I definitely agree that taking in the community’s feedback is another core value for a project’s community-focused, healthy development!<\/p>\n\n\n\n
This is not my project, not agency wolfe project, we hope to grow this project with the communities help. Without our community, we would be NO WHERE near where we are now<\/p>\n\n\n\n
Our community is not a big fan of the word “soon”, so we try not to release anything unless we know the exact date of release \ud83d\ude00<\/p>\n\n\n\n
Great!<\/p>\n\n\n\n
Thank you very much for taking care of this. Great answers! Ready for the next question? <\/p>\n\n\n\n
Yes sir<\/p>\n\n\n\n
Q2 from Telegram User @Antoni_azx<\/em><\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-12-13_17-17-21.jpg\")
<\/figure>\n\n\n\n
at current emission, we are looking at over 10years before we are fully vested, this is not a short term project by any mean<\/p>\n\n\n\n
For the reward pool, once the reward pool runs out of ANN, epoch reward will no longer provide additional token, this is a fresh new concept of proof of stake different from farming, it helps us prevent early user from dumping, creating a more solid liquidity to our platform<\/p>\n\n\n\n
So this is an Epoch-based form of incentive for long-holders of your token ($ANN), is that correct?<\/p>\n\n\n\n
yes<\/p>\n\n\n\n
one more advantage of this is investor can still vote on governance without resetting the epoch<\/p>\n\n\n\n
Do users have other forms of incentives for interacting with\/using the Annex protocol? I saw staking and liquidating farming options as well with quite some juicy APY rewards on your web dApp:)<\/p>\n\n\n\n
That is correct, on the 31st day you will be able to claim 6% of your total ANN as reward, everyday after you will earn .2% daily, just keep in mind that if the ANN token were moved out of your wallet at any point, the timer will reset and user will have to wait 30 days again before they can claim<\/p>\n\n\n\n
There are five different ways users can earn ANN rewards –
1) Epoch based rewards
2) Single Staking on Farm
3) Provide Liquidity and Stake LP
4) Auto compounding ANN Pool
5) Supply \/ borrow supported assets on Lending Protocol to earn APY on supplied assets + Distribution reward in the form of ANN token.<\/p>\n\n\n\n
You currently have an active governance system?<\/p>\n\n\n\n
Yes we do, we transferred the protocol ownership to community with our first AIP<\/p>\n\n\n\n
Yes we do, and ANN is our governance token, we already have 16 vote passed with 100% success<\/p>\n\n\n\n
Any changes on Lending Protocol have to go through the governance..<\/p>\n\n\n\n
We also have question down the line regarding the buy-back mechanism <\/p>\n\n\n\n
<\/strong> Thank you very much for the in-depth answers @DavidAnnex & @GABRIALF!<\/p>\n\n\n\n
The next question probes $ANN\u2019s tokenomics (allocations, distributions) and potential future fund-raises and investment plans <\/p>\n\n\n\n
And here it is.. <\/p>\n\n\n\n
Q3 from Telegram User @rotoxy<\/em><\/p>\n\n\n\n
![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-12-13_17-23-51-1024x512.jpg\")
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