{"id":3201,"date":"2020-11-15T20:58:43","date_gmt":"2020-11-15T18:58:43","guid":{"rendered":"https:\/\/esatoshi.club\/?p=3201"},"modified":"2020-11-15T20:58:46","modified_gmt":"2020-11-15T18:58:46","slug":"yearnclassic-finance-x-satoshi-club-ama-recap-from-10th-of-november","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/11\/15\/yearnclassic-finance-x-satoshi-club-ama-recap-from-10th-of-november\/","title":{"rendered":"YearnClassic Finance x Satoshi Club AMA Recap from 10th of November"},"content":{"rendered":"\n<p>On this occasion we are pleased to tell you about the AMA session with our friends from YearnClassic Finance. The AMA took place on November 10, our guests were <a href=\"https:\/\/t.me\/JohnYearnClassic\">@JohnYearnClassic<\/a> <a href=\"https:\/\/t.me\/yficlassic\">@yficlassic<\/a> and <a href=\"https:\/\/t.me\/cryptogurunainen\">@cryptogurunainen<\/a>.<\/p>\n\n\n\n<p>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<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong><strong> <\/strong>Hello again, Satoshi Club! We are happy to announce\nour AMA session with YearnClassic Finance! welcome to Satoshi Club.<\/p>\n\n\n\n<p><strong>D. | Satoshi Club:<\/strong> <a href=\"https:\/\/t.me\/JohnYearnClassic\">@JohnYearnClassic<\/a> <a href=\"https:\/\/t.me\/yficlassic\">@yficlassic<\/a> hello guys! welcome!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Could you, guys, introduce yourself and tell\nus more about YearnClassic Finance?<\/p>\n\n\n\n<p><strong>John@YearnClassic:<\/strong> I am John from YearnClassic and here with me are\ntwo other members of the team. We have a reputable team of experts with wealth\nof experience in diverse fields. We are motivated by success, growth and global\nadoption of DeFi products, and we are committed to see these through.<\/p>\n\n\n\n<p>About YEarnClassic. YearnClassic\nFinance is a blockchain agnostic decentralized finance (DeFi) aggregator\nplatform that supports DeFi projects deployed on Ethereum blockchain, Tron\nchain, Binance smart chain etc., focusing on simplicity, user experience,\nprivacy and global adoption.<\/p>\n\n\n\n<p>So basically, YearnClassic Finance\nis bringing Blockchain Agnostic into the DeFi Ecosystem, and as an independent\nfork of <a href=\"http:\/\/yearn.finance\">yearn.finance<\/a> with improvements, our\nprimary focus is on security, simplicity, user experience, privacy and global\nadoption. We are providing a classical way to optimally earn yield on assets.\nIts governance underline token is called YearnClassic (YFIC) token.<\/p>\n\n\n\n<p>Our core products and features are;\nStaking, Lending, Yield farming, Vault, Governance, Zap, and full suite of\nMobile Application for effective management of assets that helps to bring the\nbest Defi protocols such as Compound, Uniswap, Synthetix, Fulcrum, dYdX, Aave,\nNuo, Balancer, Curve, and many others to the masses.<\/p>\n\n\n\n<p><strong>Q1 from Telegram user @balkanika2<\/strong><\/p>\n\n\n\n<p><em>At\nthis stage, the pre-sale, if I buy now I can stake directly. What is the\napproximate return we can receive and what is the minimum amount to invest in\npre-sale?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>WE HAVE THE BEST STAKING FEATURES:<\/p>\n\n\n\n<ul><li>Yearly APR: 100%<\/li><li>Per Month: 8.3%<\/li><li>Per Day: 0.27%<\/li><li>Staking fees: 1.0% fee for staking, 0.5% fee for\nunstaking, 0% fee for claim.<\/li><li>The minimum amount to invest in Pre-sale is 0.1\nETH<\/li><\/ul>\n\n\n\n<p><strong>Q2 from Telegram user @Rebel99<\/strong><\/p>\n\n\n\n<p><em>On\nthe Yearnclassic staking portal, I also see options for Zap, Vaults and Insure\nwith a description of \u201ccoming soon.\u201d What are these products and how would they\nbenefit YFIC holders?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>Alright, thanks for the question.<\/p>\n\n\n\n<p><strong>y c<\/strong>: These are general features of Yearnclassic, and to enable\nusers obtain the highest interest rate at all time.<\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>i.e Best way to earn optimal interest rate on\nassets.<\/p>\n\n\n\n<p><strong>Q3 from Telegram user @PaoloMonte87<\/strong><\/p>\n\n\n\n<p><em>Your\ntokenomics information state that once presale will be over 60% of the raised\nfunds will be locked in Uniswap liquidity. Similarly, 10% of the collected\nfunds will be used to buy back and then burn YFIC tokens after presale has\nended. This action is supposedly meant to prevent people from dumping. Aren\u2019t\nyou worried that this will deter people from investing due to opportunity\ncosts? What kind of incentives are you providing to persuade investors that\nlocking is not only necessary for price stability but will also profitable for\nthem?<\/em><\/p>\n\n\n\n<p><strong>y c: <\/strong>Locked Liquidity is always a plus and it will surely give\nprice stability, also attract other liquidity providers to join in the pool.\nOnce more Liq providers join in, it can equally drive the price. The features\nmentioned earlier is an outstanding feature that gives more incentives for\ninvestors.<a href=\"https:\/\/yficlassic.finance\/tokenomics.html\">https:\/\/yficlassic.finance\/tokenomics.html<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"522\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/YCF2-1024x522.jpg\" alt=\"\" class=\"wp-image-3203\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/YCF2-1024x522.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/YCF2-300x153.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/YCF2-768x392.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/YCF2.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>I think the best way to prevent dumping is to\ncreate awesome product and people will hold it, do you agree?<\/p>\n\n\n\n<p><strong>y c:<\/strong> 100%<\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>Definitely and that is why we are given the best\nproduct to our investors and community.<\/p>\n\n\n\n<p><strong>Q4 from Telegram user @AmirJosh<\/strong><\/p>\n\n\n\n<p><em>It\u2019s\ninteresting that you actually added the names of the potential exchanges namely\nBinance, Kucoin, Balancer, Uniswap, FTX. How can you be sure that you can list\nyour YFIC token in those exchanges or this is just for marketing.<\/em><\/p>\n\n\n\n<p><strong>y c: <\/strong>We have\nestablished a contact with Binance chain team based on the agnostic protocol we\nare providing and they equally find it interesting, even though no partnership\nas been made yet, but we are anticipating this. Likewise other exchanges, they\nare potential places we are looking at listing.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Did\nyou already contact Kucoin?<\/p>\n\n\n\n<p><strong>y c:<\/strong> We sent an\nemail already.<\/p>\n\n\n\n<p>We have agreed with HOTBIT AND P2PB2B Exchange and trading\nwill be opened on the 30th of Nov. And YFIC traders can start trading by then.<\/p>\n\n\n\n<p><a href=\"https:\/\/hotbit.zendesk.com\/hc\/en-us\/articles\/360056982054-Hotbit-will-launch-YFIC-YearnClassic-Finance-on-November-30th\">https:\/\/hotbit.zendesk.com\/hc\/en-us\/articles\/360056982054-Hotbit-will-launch-YFIC-YearnClassic-Finance-on-November-30th<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/p2pb2b_io\/276611\">https:\/\/t.me\/p2pb2b_io\/276611<\/a>\n<a href=\"https:\/\/twitter.com\/p2pb2b\/status\/1324729982053208064\">https:\/\/twitter.com\/p2pb2b\/status\/1324729982053208064<\/a>\n<a href=\"https:\/\/www.facebook.com\/p2pb2b.io\/posts\/983426475457360\">https:\/\/www.facebook.com\/p2pb2b.io\/posts\/983426475457360<\/a>\n<\/p>\n\n\n\n<p><strong>Q5 from Telegram user\n@NataliyaKil<\/strong><\/p>\n\n\n\n<p><em>Now the topic of\nlending is very relevant. Have you already developed a loan program? What is\nthe minimum amount of tokens that can be borrowed, for how long and at what%?\nWho will be able to use this service, how will it be necessary to pay the%\nunder the agreement and is there a possibility of early repayment? And how will\nyou be insured against unscrupulous borrowers?<\/em><\/p>\n\n\n\n<p><strong>y c:<\/strong> This is\nbeing discussed among our advisors and partners, it\u2019s not been decided yet. It\nwill be announced as soon as its decided.<\/p>\n\n\n\n<p><strong>Q6 from Telegram user\n@yzmoney<\/strong><\/p>\n\n\n\n<p><em>The yfi token has only\n30,000 token, why does yearnclassic decide to go the opposite path and minted\nover 1 Million token? Is there any liqiudity pool lock being plan?<\/em><\/p>\n\n\n\n<p><strong>y c:<\/strong> Yes, because\nwe agnostic and focused on global adoption, this is the more reason we have\nhigher token minted. Similarly, we 15 will be locked on Uniswap permanently\nplus 60% ETH Raised.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n<p><strong>Q1 from Telegram User @Jonahapagu<\/strong><\/p>\n\n\n\n<p><em>On your roadmap for the duration of\nQ4 2020 -Q1 2020 you planned for &#8220;Zap Product Launch&#8221; Can you explain\nwhat this Zap product is and How it works?<\/em><\/p>\n\n\n\n<p><strong>Crypto Guru:<\/strong> Zap is a tool that enables users to\nswap into and out of several liquidity pools available.<\/p>\n\n\n\n<p><strong>Q2 from Telegram User @Idee01<\/strong><\/p>\n\n\n\n<p><em>What can I do to\nqualify for the $10,000 YearnClassic Raffle Draw? How many winners will be\nexpected from the draw?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>What\nyou can do to qualify for the $10K Raffle is to buy at least $40 worth of\nYearnClassic (YFIC) tokens. To participate Click Bot Link: @Yfic_bot. There will\nbe in total 20 winners.<\/p>\n\n\n\n<p><strong>Q3 from Telegram User @tuvalunia<\/strong><\/p>\n\n\n\n<p>Your Presale round 2 is closing soon. What are the options\nof purchasing YFIC tokens, where should I visit on the web and do what?<\/p>\n\n\n\n<p><strong>Crypto Guru: <\/strong>Yes, the round 2 presale is ending\nsoon and round 3 will commence immediately which will end on the 28th. Here is\nthe link to get all information regarding the presale: <a href=\"https:\/\/yficlassic.finance\/presale.html\">https:\/\/yficlassic.finance\/presale.html<\/a><strong> <\/strong><\/p>\n\n\n\n<p><strong>Q4 from Telegram User @borysfireball<\/strong><\/p>\n\n\n\n<p><em>You write on the site\nabout potential exchanges and it scares me. I remember that all the previous\nprojects that hinted at Binance listing didn&#8217;t get there. Do you understand\nthat such hints are potentially frightening, not attractive to investors?<\/em><\/p>\n\n\n\n<p><strong>y c:<\/strong> We mentioned\nearlier that these are potential exchange we are looking at. We have\nestablished contact with binance chain team based on the agnostic protocol we\nare implementing.<\/p>\n\n\n\n<p><strong>Q5 from Telegram User @DiegoRME<\/strong><\/p>\n\n\n\n<p><em>What benefits will the\nusers who buy in their presale obtain and immediately enter your staking system\nwith the $YFIC tokens purchased?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>Immediate\nbenefits users who buy in their presale will obtain are:<\/p>\n\n\n\n<ul><li>Can start staking immediately:&nbsp; https:\/\/yficlassic.finance\/stake\/<\/li><li>Can get instant Airdrop (2 YFIC =$10) <\/li><li>Can get instant Bonus structure <\/li><li>Can be qualified for $10,000 Raffle Draw\n(check&nbsp; @Yfic_bot)<\/li><\/ul>\n\n\n\n<p>BONUS STRUCTURE for (BUY AND HOLD)<\/p>\n\n\n\n<p>We have bonus program for all our investors<\/p>\n\n\n\n<p>&nbsp;4-40&nbsp;&nbsp; YFIC get 1% bonus,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41-80 YFIC get 2% bonus<\/p>\n\n\n\n<p>81-160 YFIC get 3% bonus,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161-240 YFIC get 5% bonus<\/p>\n\n\n\n<p>241-400 YFIC get 10% bonus,&nbsp;&nbsp;&nbsp;&nbsp; 401-640 YFIC get 15% bonus<\/p>\n\n\n\n<p>641-800 YFIC get 20% bonus,&nbsp;&nbsp;&nbsp;&nbsp; 800 YFIC &amp; Above get 40% bonus<\/p>\n\n\n\n<p><strong>Q6 from Telegram User @brodzonl<\/strong><\/p>\n\n\n\n<p><em>What happend to your\nwebsite, I check it before AMA started to learn more about project and it is\nnot working at all, did someone attack it?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>Please\ncheck back, we are working on it.<\/p>\n\n\n\n<p><strong>Q7 from Telegram User @Splendicity<\/strong><\/p>\n\n\n\n<p><em>Why are you guys\nanonymous? No profile picture in telegram and you disable calls in your privacy\nsettings. How are we going to trust you guys or even reach you when we need\nassistance?<\/em><\/p>\n\n\n\n<p><strong>Crypto Guru: <\/strong>We are available and active 24\/7 on\nall our social media platforms and you can as well reach on our pfficial email\naddress: <a href=\"mailto:support@yficlassic.finance\">support@yficlassic.finance<\/a> <\/p>\n\n\n\n<p><strong>Q8 from Telegram User @NataliyaKil<\/strong><\/p>\n\n\n\n<p><em>For quarters 3-4, you\nhave scheduled token burning. What tokens will be burned and how much?<\/em><\/p>\n\n\n\n<p><strong>John@YearnClassic: <\/strong>10%\nof the raised funds shall be used to buyback and burn YFIC tokens after\npresale. This action will prevent people from dumping.<\/p>\n\n\n\n<p><strong>Q9 from Telegram User<\/strong> <strong>@notulu<\/strong><\/p>\n\n\n\n<p><em>How is $YCFI unique\nfrom other YEARN projects?<\/em><\/p>\n\n\n\n<p><strong>Crypto Guru: <\/strong>We are unique based on our value\nproposition, most especially blockchain agnostic we are bringing to the\necosystem. And with blockchain agnostic, different protocols and chains can\ncommunicate together effectively which would ultimately lead to global adoption,\nand this has huge long term benefits.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about YearnClassic. A\nlink to a Quiz form were sent into the chat. Participants had 10 minutes to\nanswer. 300$ were distributed between the winners. <\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n<p>English Telegram\ngroup: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n<p>Russian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n<p>Spanish Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n<p>Telegram Channel:\n<a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/esatoshiclub\">https:\/\/twitter.com\/esatoshiclub<\/a>&nbsp; <\/p>\n\n\n\n<p><strong>Our Partners: <\/strong><\/p>\n\n\n\n<p>YearnClassic Finance Community: <a href=\"https:\/\/t.me\/yearnclassicfinanc\">https:\/\/t.me\/yearnclassicfinanc<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On this occasion we are pleased to tell you about the AMA session with our friends from YearnClassic Finance. The AMA took place on November 10, our guests were @JohnYearnClassic @yficlassic and @cryptogurunainen. The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3201"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=3201"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3201\/revisions"}],"predecessor-version":[{"id":3204,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3201\/revisions\/3204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/3202"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=3201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=3201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=3201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}