Recapitulation of GOGO Finance AMA event held at AMA LOVERS CLUB
Venue: https://t.me/amaloversclub
Date: Wednesday, 20th January, 2021
Time: 10:30 AM UTC
The GOGO Finance team was represented by @Sergey_771 who judiciously shared with us detailed knowledge and information about GOGO Finance project.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the Team working on GOGO finance project?
ANS: I am Sergey, project manager and team lead for GOGO Finance. Our team is made of experienced developers, consultants and agencies from network we have all built over the years from working in the crypto industry.
Q2: Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: So far since the deployment of the GOGO Finance ecosystem on the ethereum block chain, quite a lot has been achieved. Today we just concluded the round 1 of our presales and it was completely sold out.
we have also secured several beneficial partnerships for the ecosystem from security to legal protections, liquidity and safety of all our users and so much more
GOGO Finance is currently scheduled to be listed on Uniswap on the 23rd of this month which is about 2 days from now and will also be available for trading on Hotbit and Cointiger with more exchanges coming in the next few weeks
There is so much, I encourage everyone to visit the website to see all of the plans we have in store.
Q3: Can you introduce the GOGO finance project, what critical problems does it solve that existing solutions are not solving and what’s the competitve advantage?
ANS: Over the years DeFI industry has grown to several billions of dollars
And this year alone we can all testify that lots of new innovations will be coming out soon and 2021 will be a very big year for crypto too
Over the years too, the lottery industry has been one of the most powerful industries in the world with several trillion dollars circulating
GOGO Finance is a powerful ecosystem that brings DeFi + Lottery together in one place
So basically the project aims to bring lottery to the crypto industry while ensuring users of the ecosystem can enjoy defi benefits at the same time
So while you can farm, stake and earn yields with GOGO Finance you can do all of that and still win great valuable rewards from the lottery prize pool
Thereby having holders of the GOGO token earning multiple revenues just by holding one token.
Competitive advantage - we have made the total supply of GOGO extremely low - 2650 total tokens. Why? Because by the time the demand for lottery shoots up because almost everyone loves lottery gains. With a very limited total supply, the value and prize is expected to automatically go up too.
We follow the basic economic principle of supply and deman.
2nd Segment: LIVE Questions
Q1: " Marketing " will connect GOGO FINANCE project to different communities, and also this will help to create awareness about the advantages of people investing in the project,
How will GOGO FINANCE create this awareness
Will GOGO focus only on crypto users or you will also help educate non-crypto users as well?
ANS: GOGO finance ecosystem has a lottery aspect. With respect to marketing, lottery alone is a viral product. The word of mouth of lottery is very powerful, once the first few winners are announced it just starts growing viral just like a social media add friend request and in addition to this there is also heavy marketing strategies and partnerships in place to keep promotions going and keep the ecosystem running.
Q2: Most investors focus only on the price of the token in the short term instead of the real value of the project. Can GOGO tell me the benefits for long term investors?
ANS: Yes. Infact most of our investors are investing for long term because lottery is a forever business. It never ends. 10-50 years from now, people still play lottery all over the world. What GOGO Finance is doing is bringing that industry to the crypto industry with GOGO as the official governance token.
Q3: What you describe the long term vision of GOGO finance rather than its short term vision, since users will like to benefit in the long run?
ANS: Benefits range from DeFi annual yields to lottery prize pool rewards, to trading on exchanges. Also because of its global nature, more and more users are easily members of the ecosystem.
Q4: Please guide me, where i can GO to buy $GOGO?
ANS: To buy GOGO, please join the official telegram group https://t.me/gogofinance and follow instructions on the pinned message.
Q5: 1. In order to take advantage of all the available benefits & opportunities of the Gogo Finance ecosystem, I need the GOGO tokens. So how can I get the tokens?
2. Lottery is unpredictable and a game of luck. Why did GOGO decide on bringing DeFi and Lottery together instead of Defi and games?
ANS: To buy GOGO please join the official telegram group https://t.me/gogofinance and follow the pinned message. The difference between GOGO finance crypto lottery model and traditional model is that in the traditional model, if you don’t win lottery, you lose your money spent on buying ticket while in GOGO Lottery system for Crypto, as long as you hold the token, you qualify for all draws eternally, so you don’t lose money, and if you don’t win from lottery rounds, you can earn from DeFI yields or you can trade on exchanges and still make some.profits.
Q6: What age restrictions or regional are applicable with Gogo finance? what about fees?
ANS: Crypto industry is highly open market and one of the benefits of crypto is the privacy of everyone.
Q7: Some strong competitors have emerged after you. Are you planning new updates to compete with your competitors? What innovations will you make on your platform?
ANS: The difference between us and the competition is that we have the lowest circulating supply and as the original idea owners and inventors, we will always be ahead. So even if there will be so may copy cats of the token in the future, the way crypto has been structured, number ones remain number ones.
See YFI for example, the so many different YFI forks flying around do not stop the success and growth of YFI instead it makes it more popular
So my advise is to take advantage of the opportunity now where you can be a part of the original inventors of the program and robust ecosystem
Audits reports are currently published on the website and the system has been certified safe. It is also verified on etherscan too. And we are in partnership with other top agencies as this is very important in crypto. Most projects fail because team tries to do everything. At GOGO Finance we partner with the best of the best so everyone brings their top game to ensure success.
Q8: What's the focus of the $GOGO Protocol now? Build and develop products, win customers and users or partnerships? Are there any plans to burn or block unsold $GOGO tokens? control flexibility, cost and security?
ANS: Yes, there are plans for all these already in place.
Q9: How can we purchase lottery, and what was the reward for that lottery,can you explain?
ANS: All you have to do is purchase the GOGO token and you automatically qualify for the lottery prize pool rewards. The rewards will vary from time to time and also dependent on the market but from our technical analysis, we anticipate lottery prize values to range from $1,500 to $5,000 to $15,000 and to as high as $150,000. As the ecosystem grows and over the years in the future, we see a future where lottery prize value gets as high as $1,000,000 and above.
Q10: How can I take the advantage of all the available benefits & opportunities of the Gogo Finance ecosystem?
ANS: Join the telegram channel https://t.me/gogofinance and make sure you don’t miss out on the round 2 before it gets sold out. Tokens are moving out and selling very fast.
Q11: There is a major challenge in DeFi and that challenge is that there has always been an uncertainty on possibilities of yield. How does GOGO Finance solve this challenge?
ANS: There is a product and use case which is lottery. So GOGO finance is not just a DeFI project alone. It is two powerful ecosystem coming together as one robust platform.
CONCLUSION
Actually all questions are best and fantastic ☺️ I wish I could hug everyone! Really intelligent and smart audience.
For now, I encourage everyone to join our strong and growing telegram community https://t.me/gogofinance Please join us and from there you can learn more and see for yourselves, as we build one of the most robust DeFi + Lottery Ecosystem for the crypto world!
▶️ Follow GOGO Finance on their platforms:
... Website: https://gogo.finance
... Telegram: https://t.me/gogofinance
... Twitter: https://twitter.com/gogofinance
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