Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce our AMA session with Yield! welcome to Satoshi Club:grinning:<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>hello again Satoshi club!<\/p>\n\n\n\n Jan: <\/strong>Hey All!<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>@Mursuvalas<\/a> hello! welcome to Satoshi club!<\/p>\n\n\n\n Sapta: <\/strong>Hi everyone!<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>You’re welcome 🙂<\/p>\n\n\n\n Jan: <\/strong>Thanks for having us<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>So, tell us about yourself and about Yield🙂<\/p>\n\n\n\n Jan:<\/strong> I can introduce myself first. Being a growth hacker, digital nomad, and creative thinker, I handle digital marketing for YIELD. I’m data-driven and have extensive experience in branding, PR & SEO. I\u2019ve helped successfully scale-up companies in the sphere and I was the head of marketing at Paxful, now the largest P2P marketplace worldwide. I also have many successful ventures in the Casino industry.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>You know, a lot of people think that crypto is Casino:joy: what can you tell?)<\/p>\n\n\n\n Jan:<\/strong> In casino you loose 99% of the time, at crypto you have the chance to actually win something :sweat_smile: and also crypto is actually doing some good for this planet<\/p>\n\n\n\n Tim Frost: <\/strong>My name is Tim Frost and I am CEO of YIELD YIELD is a licensed and regulated FinTech company that enables anyone to invest in decentralized finance with the touch of a button! Thanks to our intuitive app and web platform, users around the world can start earning returns from DeFi products without having to go through a lengthy, complex and often costly learning process.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, it has to be easy to defi with one button) I want to know more about Yield:+1:<\/p>\n\n\n\n Jan: <\/strong>YIELD makes DeFi accessible to anyone thanks to our intuitive app and web platform, where users simply deposit crypto or traditional currencies and select the investment plan that suits them best. Maybe picture will\naslo give some help<\/p>\n\n\n\n Tim\nFrost<\/strong>:\n<\/strong>\n<\/p>\n\n\n\n A brief overview of how we handle this in the backend. We essentially have a trading team with custom build toold that give our team the best insights into the DeFi market and investment opportunities. We aim to take the complexity out of DeFi for our clients.<\/p>\n\n\n\n Jan<\/strong>:\n<\/strong>\n<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Yes, this picture gives us a hope) on the right side)<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>yes, DeFi with YIELD looks way more simple to use and understand :+1:<\/p>\n\n\n\n Jan: <\/strong>I think defi should be simple and accessible for everyone and that’s one of our core missions<\/p>\n\n\n\n But happy to answer\nwhatever questions the community has!<\/p>\n\n\n\n Q1 from Telegram user @mohaa198o<\/a><\/em><\/p>\n\n\n\n Your CEO helped grow companies such as QTUM, NEO, Wirex, Paxful, and others. In quality did he work there and how specifically did he help them grow? Why now started to build his own company?<\/strong><\/p>\n\n\n\n Jan: <\/strong>I can go first, Tim will answer about his journey. I was the 4th member of paxful and also the head of marketing. during my During 4 and half years there, I grew the customer base from 50,000 to more than 4.5 million users, and the weekly revenue from USD $100,000 to more than $44 million. Tim Frost: <\/strong>I will take one at a time. Wirex I was part of the original team and joined the team to run marketing, business development and some operations. I then left Wirex (3.5 Million clients) to start a consulting firm in 2016. I worked closely with Paxful and QTUM during this time. I spent a few months in office in Shanghai to help launch the ICO in early 2017. I also work with Antshares and my firm ran marketing and PR for Antshares in western markets before they rebranded to NEO. So with all the companies its a variety of ways I worked with them. Marketing, PR, operations, business development.<\/p>\n\n\n\n I then joined\nEQIBank and helped them acquire a banking license and took them to\nmarket. The bank is now in process of a public listing event in\nCanada. I wanted to get really involved in crypto fintech and in June\nI founded YIELD.app<\/a>\nand have been building this company the last months and preparing to\ntake it to market.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Yes, guys, with such background it was hard not to think about your own project). Do you plan to cooperate with at least one of the projects you worked previously with?<\/p>\n\n\n\n Jan: <\/strong>100%, we also have very strong partners behind us so expect a lot of news coming up in the coming weeks!<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Great, it’s a hint for the nearest future :+1:🙂<\/p>\n\n\n\n Jan: <\/strong>Recommend to follower us on twitter and Telegram. We are getting traction fast :sweat_smile: Mary | Satoshi Club: <\/strong>Btw, what past experience was most useful to you?)<\/p>\n\n\n\n Jan: <\/strong>During my time at paxful, I’ve travelled to more than 45 countries, had bunch of conferences and did Paxful University tour in both Africa and LATAM. What I learned was the more you educate people about crypto the more people will start to follow you and use your brand. I think crypto is still in the baby steps what it will be, and the more users and builders we get into this space the faster it will grow. I hope people join communities that give real value and don’t focus on just pump and dump schemes<\/p>\n\n\n\n Community first and\nlisten to what people say, everyone are equal and the ideas that\npeople have are amazing<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>It’s a bit philosophical, but very true 😂<\/p>\n\n\n\n Tim Frost: <\/strong>I would say for me EQIBank has been the most useful. Its been a very difficult journey from dealing with regulators, establishing correspondent banking, card programs, and so many challenges to build this company. Its been the best learning experience I would say. Its always the most lessons from the hardest roads. It has also helped build the inspiration for YIELD.app<\/a> for building a digital bank where everyone can earn yields powered from DeFi.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Yes) practical details) as i understand you will need some lisences, right?<\/p>\n\n\n\n Tim Frost: <\/strong>We have recently acquired an offshore banking license for YIELD.app<\/a> as well. Our partner Dr. Jason Corbett is also General Council for EQIBank. Jason has been working on our banking license and it is approved. So we will be licensed to operate from launch.<\/p>\n\n\n\n Q2 from Telegram user @ji_sun_kor<\/a><\/em><\/p>\n\n\n\n I would be able to deposit and withdraw to my bank account. But will I be able to deposit, exchange to euro\/usd and then withdraw to my bank account or top up my fiat card?<\/strong><\/p>\n\n\n\n Tim Frost:<\/strong> From initial launch we will have crypto in and crypto out. In early 2021 we will have USD, EURO deposits and withdrawals. We are also working on our card program which I have launched several successful card programs previously. So ultimately what we are building is a digital bank with crypto and fiat wallets with correspondent accounts and card programs.<\/p>\n\n\n\n Jan: <\/strong>Digital bank that offers YIELD to its customers.<\/p>\n\n\n\n Tim Frost: <\/strong>Its a multiple phase build out.<\/p>\n\n\n\n Jan: <\/strong>you can find more info from here: Tim\nFrost<\/strong>:\n<\/strong>\n<\/p>\n\n\n\n Here is a little taste of the dashboard.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> As i understand this question about the exchange of crypto for fiat inside your digital bank?<\/p>\n\n\n\n Tim Frost:<\/strong> Yes we will have crypto to fiat swaps\/conversions and swapping between crypto in early 2021.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>So, you will have USD, EURO in 2021. Do you plan to add more currencies?<\/p>\n\n\n\n Jan: <\/strong>Depending on the market demand yes. Its crucial to have Fiat on and off-ramps. As Tim said before, everything comes in stages<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Yes, stages is important, you will develop and see what you need more:grinning:<\/p>\n\n\n\n Q3 from Telegram user @rebel99<\/a><\/em><\/p>\n\n\n\n I have check through your Website and Twitter pages but there\u2019s no timeframe for when Yield would be launched, when will your platform be launched?<\/strong><\/p>\n\n\n\n Tim Frost: <\/strong>We are planning on a token launch at the end of November and will formally announce this soon. We are aiming for the platform launch of yield.app<\/a> at the same time or shortly afterwards. The best way to stay up to date is join the newsletter and our telegram groups.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>can you share your tokenomics with us?<\/p>\n\n\n\n Jan: <\/strong>We’re actually running campaigns to make sure that early YIELD users get the best perks \ud83d\ude09 https:\/\/www.yield.app\/early-adopter\/campaign<\/a><\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Satoshiclubbers, it’s your chance :+1::wink:<\/p>\n\n\n\n Jan:<\/strong> https:\/\/medium.com\/@yieldapp\/yield-launching-native-yld-token-5a48f2bb48ac<\/a> You guys can read more about the tokenomics here<\/p>\n\n\n\n Our ERC-20 utility\ntoken offers several benefits to its holders, such as reduced\nplatform fees and the ability to vote on project decisions through\nthe YLD DAO. anyway recommend to\nread the medium article and if any questions please join our channel<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> If i will hold assets in your wallet will i have access to my private keys?<\/p>\n\n\n\n Tim Frost: <\/strong>Our wallets are BitGo (https:\/\/www.bitgo.com\/<\/a>) which are full custodial wallets. We are like a bank or exchange. We handle all the security for you, and manage keys and complexity on our side. We have full support, and insured wallets.<\/p>\n\n\n\n D.\n| Satoshi Club<\/strong>:<\/strong><\/p>\n\n\n\n by the way what is a minimum sum for deposit?<\/p>\n\n\n\n Tim Frost: <\/strong>The minimum investment on the platform is $100.<\/p>\n\n\n\n Q4 from Telegram user @konditer_rolex<\/a><\/em><\/p>\n\n\n\n Most of the projects are organized by AMA to inform about the presale and convince us that their pharming programs are the most profitable. I looked at your site and did not find on the main page a banner \u201cBuy our token and get a million percent per annum.\u201d And therefore I have a question, how do I get your token? How do you distribute it? Was there a presale? Where does the start-up capital and money for the development of the project come from? And, of course, the main question is, is it possible to get your token for free?))<\/strong><\/p>\n\n\n\n Tim Frost:<\/strong> The presale is now ongoing. Its available to qualifying backers. You can email us at presale@yield.app<\/a> and also message me @timfrost5<\/a> and we can give you more information. We are raising $4M presale and it is about 70% sold out now. We will be doing a main public round as well at launch. We are doing an $800k main round with no lock down at launch as well. We will provide full details on this soon. Here are some of our current backers.<\/p>\n\n\n\n Alphabit Fund Mary | Satoshi Club: <\/strong>So, it’s just for big guys now or…?)<\/p>\n\n\n\n Tim Frost: <\/strong>Its for sophisticated investors. The minimum per group is $20,000.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> do you have some deadlines for presale? or you are conduct presale until all tokens wouldn’t be sold?<\/p>\n\n\n\n Tim Frost: <\/strong>Its open now until it closes. We are not pushing it aggressively as we are dealing with some great funds now on due dilligence, but we are open to having those in this great community (Satoshi CLUB) participating.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I think it’s a great chance for those who want to be early bird 😉<\/p>\n\n\n\n Q5 from Telegram user @Jonahapagu<\/a><\/em><\/p>\n\n\n\n Your Staking rewards will be distributed for 36 weeks, after this 36 weeks\u2026 Will there no longer be rewards distribution for staking?<\/strong><\/p>\n\n\n\n Tim Frost:<\/strong> the initial rewards pool will end at 36 week for $YLD distribution, but we anticipate users will stay using the platform to continue earning those high yields on the app. We will also look at different ways by then to explore more ways to redistribute $YLD tokens. So as of now the program ends after week 36, but we anticipate to have launched additional products and incentives by that time.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Can you share with us more about staking?)<\/p>\n\n\n\n Jan:<\/strong> The longer you stake the more points you get. Those points are than calculated as % of the pool that we give out<\/p>\n\n\n\n Tim Frost: <\/strong>You can find full details here https:\/\/medium.com\/@yieldapp\/yield-launching-native-yld-token-5a48f2bb48ac<\/a>. But to add to this $YLD staking rewards come 3 ways. Put USDT, USDC (future more coins) on the platform and earn $YLD, invest in our DeFi investment pool and earn interest and earn $YLD, and hold your $YLD on yield.app<\/a> and earn $YLD. Its an extra incentive for our token holders and for the platform participants.<\/p>\n\n\n\n Jan:<\/strong> The longer you Stake the more points you get and the more you can get out of the 36 weeks<\/p>\n\n\n\n Recommend to get\ninto the first 36 weeks! \ud83d\ude09<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> lots of ways to earn some $YLD :+1:<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> A lot of opportunities) btw, if someone will be late for your sales, do you have any timeframes when $YLD will be available on exchanges?<\/p>\n\n\n\n Tim Frost: <\/strong>Shortly after launch it will be available on CEX and DEX. We want YIELD.app<\/a> to be a community driven project and everyone with a chance to be part of what we are building.<\/p>\n\n\n\n Q6 from Telegram user @yiselen<\/a><\/em> They have market\nmonitoring bots to ease the work of the YIELD team, but what\nguarantees me as a user that fraud can occur through these bots?<\/strong><\/p>\n\n\n\n Jan:<\/strong> All protocols that YIELD interacts with are subjected to rigorous audits using smart contracts, and our infrastructure uses the best-in-class solutions designed by cybersecurity specialists and DeFi experts. We also partnered with BitGo, the industry’s leading digital asset custodian, to ensure the highest-level of security for our multi-signature wallets and vaults.<\/p>\n\n\n\n Also! All assets are\nprotected by the YIELD Insurance Fund (which you can learn more about\nin our token article :wink:), and our DeFi strategies are curated by\nan expert team of market analysts and fund managers with years of\nexperience in FinTech. By aggregating the capital of many individual\ninvestors, we are able to neutralize risk and offer unprecedented\ninvestment opportunities in a secure environment.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> It seems secure like a secret room in White House:joy:<\/p>\n\n\n\n Jan: <\/strong>Haha, I hope that answers the question though. We want to be transparent and that’s something that we value, we are also here with our own faces and we are taking the regulative way so no funds are at risk!<\/p>\n\n\n\n Q1 from Telegram user @Maksyrn<\/em><\/p>\n\n\n\n The site says that to use YIELD almost nothing is needed except money. But, what about the cost of transfers within the network, it can gobble up all the profits?<\/strong><\/p>\n\n\n\n Tim Frost: <\/strong>We run yield.app<\/a> as a managed fund which we allow people to invest into sophisticated DeFi yield farming strategies for as little as $100. We do this because we batch transactions. This means we manage your funds on a database and we deploy funds into a veriety of DeFi protocols. So your $100 may be in 20 DeFi investments.<\/p>\n\n\n\n Q2 from Telegram user @cengizhantekin<\/em><\/p>\n\n\n\n Your website tells about “Robots”. Do you have a built-in Artificial Intelliegence (AI) apps?<\/strong><\/p>\n\n\n\n Tim Frost: <\/strong>There is a new website coming next week. We do of course have a lot of automation and tools being build but its more about the human touch.<\/p>\n\n\n\n Q3 from Telegram user @K2ice<\/em><\/p>\n\n\n\n The initial rewards pool will end at 36 week for $YLD distribution. After distribution, how can a user continue to earn high yields on the app?<\/strong><\/p>\n\n\n\n Tim Frost:<\/strong> When you invest into yield.app<\/a> you earn both $YLD tokens and interest in USDT and USDC. Think of the $YLD as a bonus.<\/p>\n\n\n\n Q4 from Telegram user @livelonger06<\/em><\/p>\n\n\n\n Will Yield App also have a Lite Version?<\/strong><\/p>\n\n\n\n Tim Frost:<\/strong> I am not familiar with DeFi investments for Litecoin. We would need to explore what is currently available.<\/p>\n\n\n\n Q5 from Telegram user @isnaindhuha<\/em><\/p>\n\n\n\n Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and investors to YIELD and keep them long term?<\/strong><\/p>\n\n\n\n Jan:<\/strong> YIELD was designed to enable anyone to invest in DeFi using crypto or traditional currencies, regardless of their financial or technical level of expertise. Q6 from Telegram user @wonderkit<\/em><\/p>\n\n\n\n any partner who has a big influence in the development of the YELD project?<\/strong><\/p>\n\n\n\n Tim Frost: <\/strong>Yes a number do. We are working closely with Hartej and Zokyo on smart contract auditing. We are also soon to announce some strategic partners we are actively building with.<\/p>\n\n\n\n Q7 from Telegram user @jpsarmah<\/em><\/p>\n\n\n\n Participate with the Click of a Button with YIELD. Is this truly achievable and if yes, how do you do it like non-tech elderly people can use it too?<\/strong><\/p>\n\n\n\n Jan<\/strong>:\n<\/strong>\n<\/p>\n\n\n\n Maybe the best way to understand our platform is this picture.<\/p>\n\n\n\n We do all that heavy\nlifting in the background while you get YIELD<\/p>\n\n\n\n Q8 from Telegram user @xitrump<\/em><\/p>\n\n\n\n While many projects and wallets are aiming to “decentralized”, so why your wallet – BitGo – is a centralized wallet with managing keys?<\/strong><\/p>\n\n\n\n Tim Frost: <\/strong>because we are a licensed financial institution and we have responsibility for custody of client funds. We are building a simple gateway to DeFi for clients. If you want to Yield Farm directly there are other platforms. If you want to invest into high yielding opprtunities and let us manage things then use yield.app<\/a><\/p>\n\n\n\n Q9 from Telegram user @apocan99<\/em><\/p>\n\n\n\n
I have a rich Fintech, marketing, business development, and operations background. YIELD.app<\/a> is my 3rd digital bank and he has been a key figure with many successful fintech and blockchain companies. Specializing in early-stage growth, operations, and development. I was part of the founding Wirex team and supported operations, business development, and marketing for the first 18 months. I also joined and helped take EQIBank to market a global digital challenger bank with an average client AUM of $250,000. I have helped accelerate early-stage blockchain startups QTUM, NEO, Paxful, Polymath, Selfkey, Everex, and many others.<\/p>\n\n\n\n
Operating under a banking license, we offer insured and innovative financial products managed by a team with years of experience in FinTech and cybersecurity. This ensures that our users always feel comfortable earning with us.
At the core of our strategy, our $YLD token allows for transparent governance, rewards loyal community members and supports social impact initiatives<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p1-17.jpeg\")
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I was managing more than 45+ people and was establishing offices all around the world. I’m well known in the space and why I decided to establish Yield was because I saw the potential in the space of defi. I also wanted to challenge myself to build something again from scratch :pray: Tim “lured” me in with his amazing pitch and now I’m here !<\/p>\n\n\n\n
https:\/\/t.me\/yieldapp<\/a>
https:\/\/twitter.com\/YieldApp<\/a><\/p>\n\n\n\n
We have more info on our white paper here: https:\/\/docsend.com\/view\/5zjmkjb88pxxmwhm\/d\/x3c37p9cjjb95kty<\/a> (PW: YieldAppSeptember)<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p3-8.jpeg\")
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\nDuring the first 36 weeks after launch, our early\nadopters will receive $YLD when they invest in a plan, refer new\nusers to our platform, stake their tokens using our built-in feature,\nor simply hold assets in our secure multi-currency wallet. The max\nsupply is fixed, and we plan on gradually repurchasing tokens to\nreduce the circulating supply and reward holders.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p4-5.jpeg\")
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David Johnston (Factom)
Trevor Koverko (Polymath)
DigiStrats
Tim Bos (Sharing)
Dustin Byington (Wanchain)
BnktotheFuture<\/p>\n\n\n\n
<\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
As a licensed and regulated FinTech company, we provide a secure digital banking platform where users can earn high returns through insured DeFi strategies that would be impossible for individual investors to replicate on their own.
In addition, our governance token $YLD allows its holders to save on platform fees, vote on project decisions, and support social impact initiatives. You can read more about $YLD here: https:\/\/medium.com\/@yieldapp\/yield-launching-native-yld-token-5a48f2bb48ac<\/a>
We also work with a lot of different communities and strive to penetrate and get early adopters. WE also educate about the community and we truly believe that everyone should have the chance to participate in the DEFI SPACE.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p5-4.jpeg\")
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