Paul Mont | Satoshi Club:<\/strong> Can’t wait for the news haha 😁<\/p>\n\n\n\nLet’s hop onto the\ncommunity questions!<\/p>\n\n\n\n
Are you ready?<\/p>\n\n\n\n
Krzysztof Gagacki:<\/strong>\nYes<\/p>\n\n\n\nLet’s go then 😉<\/p>\n\n\n\n
Q1 from Telegram user @victorogb <\/em><\/strong><\/p>\n\n\n\nFormation Fi, will be built around seven guiding\nprinciples to which the protocol will effectively work and deliver the core\nvalues of a DeFi revolutionary portfolio constructor. Some of these principles\nincludes; Chain agnostic, low transaction cost, radical simplification,\ninvestment over speculation and a host of others. Considering the current state\nof DeFi investments and product offers, how would Formation Fi properly\nintegrate, manage and scale these principles for best practices and with an\nimproved financial portfolio, and how will it properly delegate these far\nreaching principles to harmonising DeFi\u2019s short comings?<\/strong><\/p>\n\n\n\nKrzysztof Gagacki:<\/strong>\nBasically our analysis team is working on this set of framework tools where we\npull data of volatility factors across diff yield farms as well as their\nstandard deviation, to better understand principles of the risk. They algo will\nalso look into currently tvl being in staked in those vaults do adjust to the\nsize and eventually add negatively correlated assets to offset the pure LP\nrisk. And You as a users don\u2019t need to care about all this technical issues\nsince all You do is deposit your native currency and get the constantly\nrebasing index.<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Let’s talk about such days as today, can you give\nus example or explanation how our portfolio will look like?<\/p>\n\n\n\nVolatility is huge, but\nnot positive, will Formation Fi save us from losses?<\/p>\n\n\n\n
Krzysztof Gagacki:<\/strong>\nYour portfolio will be heavily offset with negative correlated assets to btc\nand those will be even amplified with small leverage. Good example is Matic as\na negatively correlated assets( which is also one of our key backers). And what\nhappens if there will be non negatively correlated assets? We will create\nsynthetic. Here comes another our partner Synthetix.<\/p>\n\n\n\nIn days like today risk\nparity portfolio construction is something you def need to have.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Yes, that’s why i am happy to see you here today 😀<\/p>\n\n\n\nKrzysztof Gagacki:<\/strong>\nWhere all APY are basically being rekt by IL.<\/p>\n\n\n\nPaul Mont | Satoshi Club:<\/strong> I had the “luck” to read about risk\nparity in the past and so many analysts have commented on how this strategy has\nyielded some incredible results in post-crises periods in traditional finance\nmarkets 😉<\/p>\n\n\n\nKrzysztof Gagacki:<\/strong>\nYes it was developed for over 20 years. But never actually available to the\npublic. Formation is willing to change that \ud83d\ude42<\/p>\n\n\n\nPaul Mont | Satoshi Club:<\/strong> Probably the best performing asset allocation\nstrategy… it is so great to see it transposed in crypto. So much knowledge on\nwhich to reap on for the Decentralized Finance of the future 😉<\/p>\n\n\n\nGreat answer! Thank you\nvery much!<\/p>\n\n\n\n
Let’s move onto the\nnext question, shall we?<\/p>\n\n\n\n
Krzysztof Gagacki:<\/strong>\nYes<\/p>\n\n\n\nQ2 from Telegram user @KeymerS <\/em><\/strong><\/p>\n\n\n\nI understand that algorithmic predictive\nintelligence is effective in helping to control risks, but is this really the\nonly benefit it will get? Couldn\u2019t it be used to further boost profits even if\nyou assume a little more risk?<\/strong><\/p>\n\n\n\nKrzysztof Gagacki:<\/strong>\nIt will. That\u2019s is why first you choose your index ( and strategy comes with\nit) based on your risk profile. The Raging Bull Alpha – is for the risk takers.\nWhere we amplify those highest performing assets and YieldFarms, as well as\nLP\u2019s.<\/p>\n\n\n\nAlso<\/p>\n\n\n\n
You will be able to\nstake that index in special pool to receive event higher APY and rewards.<\/p>\n\n\n\n
Paul Mont | Satoshi Club:<\/strong> So FormationFi investors\/users will be able to pick\nthe index\/strategy they feel more inclined to, according to their personal\nrisk\/reward appetites, right?<\/p>\n\n\n\nKrzysztof Gagacki:<\/strong>\nExactly. That will be based of 4 different index tokens. Alpha, beta, gamma and\nrisk parity.<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> As i remember you have 4 strategies, right?<\/p>\n\n\n\nPaul Mont | Satoshi Club:<\/strong> Beautiful… It’s all about creating a tailored\nproduct for every user’s need. I believe that’s the thread that has tied\ntogether the most successful crypto projects that we know today 😉<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Oh, yes, it’s index tokens!<\/p>\n\n\n\nThank you for your\nanswers! Ready to proceed?<\/p>\n\n\n\n
Edmond Truong:<\/strong>\nYes we are<\/p>\n\n\n\nQ3 from Telegram user @yellowchamp<\/em><\/strong><\/p>\n\n\n\nIn FormationFi, there is a Profit Sharing features\nthat there will be a 50% of Protocol Revenue in which $FORM token entitles its\nholders a right to vote and a 50% of future net income generated by the\nprotocol. So, is this 50% revenue sharing applicable to all holders of $FORM\ntoken even only hold a little amount and some are being staked? How it would be\ndistributed to $FORM holders? Why does your platform decide to share this 50%\nof protocol revenue? What is the motivation and purpose? Is this profit sharing\nconsider a long-term program for FormationFi? Thank you<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes it\u2019s a long term, we are progressively decentralizing governance. Later on\nit it will be up for the community to decide on the profit sharing ratio. We\nwant to make it as fair as possible.<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> So, they even can increase it?<\/p>\n\n\n\nEdmond Truong:<\/strong>\nIf the vast majority decides too<\/p>\n\n\n\nPaul Mont | Satoshi Club:<\/strong> Crystal clear answer, thank you 👍<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> If they will vote for 100% profit sharing? Or you\nhave some limits? And of course you will also have voting power, right?<\/p>\n\n\n\nEdmond Truong:<\/strong>\nIt will be progressive DAO. We will have some limits but manipulations wouldn\u2019t\nb possible. We will have voting power<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Gotcha! Thank you for your answers! Ready to jump\nto the next question?<\/p>\n\n\n\nQ4 from Telegram user @ngohuynh<\/em><\/strong><\/p>\n\n\n\nI just read about Formation closed $3.3M strategic\nsales from early DeFi UniCorns.to build the Smart Yield Farming 2.0 framework.\nWhat is the amount you are going to raise? what does Formation Fi see as the\nbiggest barrier preventing in particular from gaining widespread adoption<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes we already closed all presale funding. Our next thing will be our public\nsale (IDO)<\/p>\n\n\n\nWe believe the biggest\nbarrier preventing gaining widespread adoption is the structure of not\naddressing risk concerns. The traditional markets capital is scared to shift\ninto defi because it doesn\u2019t make sense to them. This is why we are using core\nrisk parity fundamentals which are familiar to them.<\/p>\n\n\n\n
Paul Mont | Satoshi Club:<\/strong> Brilliant, thank you for the comprehensive answer 😁<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> When your IDO will happen?<\/p>\n\n\n\nEdmond Truong:<\/strong>\nBEGINNING OF JUNE, stay tune . We will announce all the details may 31st<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Sure!<\/p>\n\n\n\nThanks! We will follow\nyour announcments!<\/p>\n\n\n\n
Paul Mont | Satoshi Club:<\/strong> Question 5 incoming 🚀<\/p>\n\n\n\nQ5 from Telegram user @AugusS7<\/em><\/strong><\/p>\n\n\n\nI read on your website that you motivate your users\nto form \u201csensible and coherent portfolios\u201d But how will FormationFi really help\nits users to invest in the best cryptocurrencies? Will you provide some content\nthat guides members to make the best investment decisions?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nIt will be algorithms and we will analyze the best strategies to utilize. Our\nrebasing mechanism will swap out strategies with the highest and most optimal\nstrategy. We are working with a lot hedge fund managers to design specific\ntools to design the portfolio construction. <\/p>\n\n\n\nHowever, we will have a\nlot of research reports and analysis to keep our community informed about the\nconstruction and content if they want to understand deeper.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> 👏Thank you for your answers! And just one\n6th question left from this part🚀<\/p>\n\n\n\nQ6 from Telegram user @quachthingoc<\/em><\/strong><\/p>\n\n\n\nFormation Fi is revolutionizing portfolio\nconstruction and evangelize Smart Yield Farming into the world of open finance.\nWould this be like a smart contract. Which Smart Yield Farming will be\nsupported? What is the difference between update Smart Yield Farming 1.0 and\nupdate Smart Yield Farming 2.0?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nThe old method of yield farming was pick and choose every single individual lp\ntoken and yield farm individually. Stake, unstake, etc it\u2019s just too much time<\/p>\n\n\n\nFormation: our users\nwill own our index token which will essentially be comprised of let\u2019s say 50-60\ndifferent yield farming strategies, with maybe 80-100 different types of Lp\ntokens, and across multiple chains.<\/p>\n\n\n\n
We save our users the\ncomplexity which is Defi, those who weren\u2019t able to yield farm can finally do\nit effectively, in addition there\u2019s a lot of other benefits like giving access\nto the best strategies, no more needing to jump from different chains (fees get\nexpensive if you\u2019re moving smaller amounts of capital), etc. in addition we\nwill be using risk parity movement and pair countrend assets against each other\nto amplify returns<\/p>\n\n\n\n
Paul Mont | Satoshi Club:<\/strong> Thank you very much for the clear answers\n@edmondtruong @Gagattzo !🔥<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Guys, i am yours😀 i like your strategy!<\/p>\n\n\n\nAnd live part is almost\nhere 😃<\/p>\n\n\n\n
Paul Mont | Satoshi Club:<\/strong> Time to interact with our community members 😁<\/p>\n\n\n\nMary | Satoshi Club:<\/strong> Ready?<\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes.<\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\nQ1 from telegram username @messilolz<\/em><\/strong><\/p>\n\n\n\nI am aware that there is some kind of fake telegram\ngroups running on so would you please provide all the important social media\nlinks including tg for the satoshi club community<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes definitely, we want you guys to be informed about where to find us. There\nhas been countless fake tg communities <\/p>\n\n\n\nStay tuned for more\ninfo and follow us<\/p>\n\n\n\n
Twitter: https:\/\/mobile.twitter.com\/FormationFi<\/p>\n\n\n\n
Telegram:\nhttps:\/\/t.me\/FormationFi<\/p>\n\n\n\n
Website:\nhttps:\/\/formation.fi\/<\/p>\n\n\n\n
Telegram ANN:\nhttps:\/\/t.me\/FormationfinanceAnn<\/p>\n\n\n\n
Q2 from telegram username @highpee<\/em><\/strong><\/p>\n\n\n\nYour I D O is planned for June but am already seeing\nsome FORM token on sale on DEX. Am thinking this might be the work of scammer,\nbut I want to confirm from you whether you have any token listed for sale\nalready and also the date for your I D O. Thanks<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nThis is definitely a SCAM. We have no tokens for sale at this moment<\/p>\n\n\n\nWe haven\u2019t even\nannounced our public sale<\/p>\n\n\n\n
Q3 from telegram username<\/em><\/strong> @himzzz5 \n<\/em><\/strong><\/p>\n\n\n\nQuestion deleted<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong><\/p>\n\n\n\nIt will be for all\ntypes of investors big or small. There will also be a cap system to ensure\nwhales don\u2019t come in and dump on the community.<\/p>\n\n\n\n
Q4 from telegram username<\/em><\/strong> @Lordxhibit <\/em><\/strong><\/p>\n\n\n\nWhat are your proposed plans towards increasing the\nglobal adoption of sameone and how you intend to attract customers, partners\nand institutional investors ?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nFor global adoption, we have already started opening up local communities for\nFORMATION. This way that the local KOLs are able to educate their community\neasily and effectively. We have expanded our reach to Japan, Korea, Vietnam,\nPoland, and a few more<\/p>\n\n\n\nQ5 from telegram username<\/em><\/strong> @surendra040<\/em><\/strong><\/p>\n\n\n\nDo you have any plan to release your ERC-mainnet ?\nWhat are the blockchains you will add for a custom bridge in future?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes we will be cross chain on:<\/p>\n\n\n\n1. ETH<\/p>\n\n\n\n
2. BSC<\/p>\n\n\n\n
3. HECO<\/p>\n\n\n\n
Q6 from telegram username<\/em><\/strong> @haine123<\/em><\/strong><\/p>\n\n\n\nIs It Safe To Take Risk At The Core Of A Formation Fi Asset?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nYes this is safe and the smartest way to achieve success.<\/p>\n\n\n\nIf you want to be able\nto change OIL prices you wouldn\u2019t go to OIL itself but you would go to the\nmines and infrastructure that produces the oil. Hopefully that helps you\nunderstand<\/p>\n\n\n\n
Q7 from telegram username<\/em><\/strong> @Eminet001<\/em><\/strong><\/p>\n\n\n\nRUGPULLs and SCAMS are rampant everywhere, how do we\nknow which to trust<\/strong><\/p>\n\n\n\nIs you safe have you pass an AUDIT<\/strong><\/p>\n\n\n\nKrzysztof Gagacki :<\/strong>Our Contacts are being fully audited by industry\nleaders, reports will be released in upcoming days<\/p>\n\n\n\nQ8 from telegram username<\/em><\/strong> @Isabelherrera_fontes <\/em><\/strong><\/p>\n\n\n\nHave you any ambassador program and for content\ncreators ?<\/strong><\/p>\n\n\n\nEdmond Truong:<\/strong>\nWe have not, but we will definitely have an ambassador and referral program in\nthe near future. We want to get our community extremely involved with the\njourney and growth of FORMATION.<\/p>\n\n\n\nQ9 from telegram username<\/em><\/strong> @Indomiekuy<\/em><\/strong><\/p>\n\n\n\nFormation Fi is an elevate yield farming with Risk\nParity which have $FORM token. Can you introduce to us how to use $FORM token\nfor farm in Formation Fi? What are other use of $FORM token in your platform?<\/strong><\/p>\n\n\n\nKrzysztof Gagacki: <\/strong>Form token has a triple utility: governance, profit\nshare and access to secret darkpool AMMS limited to Form holders only. 40% of\nall FORM tokens will be distributed through liquidity generation event as well\nas index\u2019s<\/p>\n\n\n\n