Recapitulation of Farm.xyz PROJECT AMA event held at AMA LOVERS CLUB.

6 min readJan 28, 2022

Recapitulation of Farm.xyz PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Friday, 28th January, 2022
Time: 14:00 UTC

The Farm.xyz PROJECT team was represented by @Mincua and @Eduard_Aly who judiciously shared with us detailed knowledge and information about Farm.xyz PROJECT.

1st Segment: INTRODUCTION

✨✨QUESTION1: Can you please introduce yourself and your background, also introduce the team working on Farm XYZ?

ANS: Hello, My name is Ionica Eduard, I am a sales manager at farm.xyz and I will take care of the financial part
of this project. I have 10 years of experience in the field of b2b sales and I can bring this value
to the crypto market as well. Just had this up

I’m Alex, the CEO of Farm XYZ, I’ve been running my own software development company for the last 10 years and we’ve been developing our own SaaS products for the last 5. I got into crypto 8 years ago when I discovered the power of Ethereum smart contracts, have been in love with the field since then and been involved with a few projects on the tech side already.

The team behind the project has been working together for the last 5 years and delivered great products to market already!

I have the pleasure of working with Alex for 2 years and I am glad that I managed to convince him to develop projects in the crypto world.

✨✨QUESTION2: Can you introduce Farm XYZ, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?

ANS: Farm XYZ is a multi-blockchain permissionless protocol for countless yield farm permutations.

Without the crypto slang our tools allow anyone to create a staking program as simple or as complex as needed for the state of their project.

90% of crypto projects are launched without a defined structure behind them. We at farm.xyz can bring value to the project by developing a staking and farmin solution.

As competitive advantages go here are some but not all: users can mix and match different staking modules together to build the right incentive for their users, we'll support lots of chains, have a great UI that users can use really easily, have compounding & auto-compounding features, etc.

✨✨QUESTION3: The letters "XYZ" why does it follow the Project name everywhere?😄
I'm curious
I guess it's the domain name, right?

ANS: it is the domain name and it signifies we'll be the final destination for anything yield farming

we can produce farm solutions up to .xyz.
You can find us, you don't need anyone else

there's a lot of interesting features coming that will bring value for both our clients and our FARMX holders & family.

✨✨QUESTION4: Any plans for expansion? What can you tell us about what’s to come in 2022 for Farm XYZ?

ANS: Our product is innovative and brings real value to the crypto market.
We are trying to implement the "smart money" part, where each $ FARMX holder will have the opportunity
to generate a passive income in the next period in 2022. Happy farmers !

Sure, on top of what we have in the roadmap, the schedule is pretty packed, we're building community features that will add really interesting yield farming solutions that anyone can use to optimise their yields, and we're porting to all possible chains to cover a very big TAM.

we've got lots of partnerships coming, we've had 2 announcements in the last day, and a new one coming tomorrow.

✨✨QUESTION5: Can you briefly describe your PARTNERSHIPS and BACKERS so far?

ANS: Hey farmers! 🌾👨‍🌾👩‍🌾

We're very happy to announce out demo is live! Everyone can try out the client interface of the farm.

We'd like to thank our dev team for the effort to get this built in record time!

You can play with the demo here: https://demo.farm.xyz
Short tutorial:
1. Switch you wallet to the Ropsten network
2. Connect wallet & head on to the Faucet page.
3. Get some rETH to have for gas, they should arrive in a few seconds.
4. Get some TFARMX so you can stake them.
5. Go to the Home page and try out the farms!
6. Try out the theme support from the left side menu.

Happy farming 🎉🚀!

sure, we're backed by ExNetworks, Aurora, SL2 & a bunch of others investors

This is our Demo Farm, if you want to have a look.

I'm finding investors and clients for our fist 10 slots , building a farm is not a easy work 👍

and I can give you a sneak peak of a partner we'll be announcing tomorrow: http://CreateProtocol.org will be using our staking solutions.

✨✨QUESTION6: Finally, Can you give an overview of the Tokenomics and Utility of $FARMX tokens?

ANS: Sure, the tokenomics are too big to paste here but they are listed in detail in our deck: https://farm.xyz/farmxyz.pdf

The token utility is based on multiple things:
1. We'll have a really good staking program available from day 1
2. We'll do burns with 10% of the income
3. We'll give discounts for all payments made in FARMX
4. We'll have community features that will earn commisions in FARMX and will return yield rewards from staking optimisation in FARMX

2nd Segment: LIVE Questions

✨✨QUESTION1: I see that "Alexandra mincu" The CEO of the project have 26 years of software dev experience,
This is a huge experience,
how will this experience will be used to go further in the Crypto world?

https://twitter.com/Vector_190/status/1487068957416706051?t=d7mCA4_juD20j9GAF5v7Jw&s=19

ANS: Thanks Anastasia! The experience of building software and businesses applies day to day for FARMX & allows us to build a great product that actually offers value to our users and community.

✨✨QUESTION2: Hey 🙋‍♂😄
I read on your website that you have Multi-token farms. Like Stake A to farm X+Y+Z. How many tokens we can farm in a Single pool? And which token is required to farm X Y Z tokens?

https://twitter.com/arnavxx5/status/1487057219371737091?t=wPt4jX_GneHAQcuE8NwjAw&s=19

ANS: the limit for now is 5 Tokens as rewards, 2 as staking token. The staking token can be set by any farm owner, we'll have some for $FARMX holders ready from day 1 after TGE.

✨✨QUESTION3: I Found that If I Use the $FARMX TOKEN Than I Will get 40% cheaper for payment on all plans , It is Really Beneficial ,May I know What other Benifits I Will be Able to get If I Purchase the $FARMX TOKEN ?

https://twitter.com/phunsuk36147123/status/1487066762596081667?t=bqFJnZGa4Ee2g4yQZ4DC8w&s=19

ANS: You will be able to be part of the next pools we will create on our platform. You can vote and give notes about our next partners . You can stack $FARMX and get more value for the next pools we will create 👍

✨✨QUESTION4: On many Platform users have very limited farming Strategy to follow,
Does Farm XYZ plan to add more vaults ?

https://twitter.com/Murthy_raj1/status/1487064875645825029?t=QQYZpD7d5zXSCThnPlaRhg&s=19

ANS: Yes, we'll be working with yield farming experts to build mixed farms from projects, optimise their yield, and list them on our platform for the community to use.

✨✨QUESTION5: SECUIRTY Should be A top Notch In the Platforms AND More Importantly For the FARM.XYZ , So Is FARM.XYZ has
Planned Well About the SECUIRTY SYSTEM and Any AUDITS Is Planned ?

https://twitter.com/kelvink91760720/status/1487067851257122823?t=EcpQFiVr6GJDnb8681qFBg&s=19

ANS: Contract audits are already in progress and will be a continous thing for all contract versions, our clients don't need to worry about smart contrat auditing.

✨✨QUESTION6: As Many projects are Going live on various chains,
Do you also plan to support many other chains in future?

https://twitter.com/satishgmr/status/1487067363698565129?t=5su74yncqPydwtouh04AEw&s=19

ANS: This year we will have ready all the integrations with the big block chains on the market. We have Binance and Ethereum ready, Solana and Famtom are next 😎

CONCLUSION:

Please try out our demo by following the details below:

We're very happy to announce out demo is live! Everyone can try out the client interface of the farm.

We'd like to thank our dev team for the effort to get this built in record time!

Happy farming 🎉🚀!

Follow Us On Our Various Social Media Communities For More Update👇👇👇

Website: https://farm.xyz
Deck: https://farm.xyz/farmxyz.pdf
Telegram: https://t.me/farmxyz
Twitter: @farmxyz
Medium: https://medium.com/@farmxyz

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