Recapitulation of MIXTY FINANCE PROJECT AMA event held at AMA LOVERS CLUB.
Date: Sunday, 21st March, 2021
Time: 17:00 UTC
The MIXTY FINANCE PROJECT team was represented by @Zara_marie who judiciously shared with us detailed knowledge and information about MIXTY FINANCE PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on MIXTY FINANCE?
ANS: I’m Zara Marie, Project Manager of Mixty Finance. Im a professional project manager and Advisor for Crypto startups since last 4 years.
My previous projects have multiplied in value ever since i started managing them and gave them a headstart
About our team, our team comprises of:
CEO (Mr james)
Manager (Zara marie)
Marketing manager (Cryptoism)
3Front end Dev
2 Backend Devs
2 Ux and UI designers
As well as a team of 6 moderators and community managers to handle our lovely community members.
Q2: Can you introduce MIXTY FINANCE, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: We propose the concept of integrating all elements of financial ecosystem and expanding the service model of the financial products
Talking about our competitive advantage,
Our decentralized app will be the bridge between all the other applications within the space, in order to make it more versatile and thereby create a micro ecosystem which shall drive the price of the main governance token, $MXF
Thereby we have own ecosystem with multiple products which will help drive the price of our governance token $MXF.
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: As of now, some of the milestones we have achieved being,
📌 Launch of IOS app
📌 launch of staking platform
📌 launch of MXF decentralised wallet
📌 Farming and staking launch
Remember, all these milestones were meant to be achieved in the coming months, but we have achieved them even before listing
For example, the staking was set to be launched in Q2, but it’s already launched before listing 🔥
Im attaching a screenshot from our Website which shows our roadmap
Also, we have launched a few ecosystem products like MXF wallet and Dex, which were also meant to be achieved in the second quarter but are already launched now (before listing)
Milestones achieved before schedule 😌
Yes, we believe in the saying,
‘Actions speak louder than words’
There's been some rumor about MXF listing this week🤔
I’d like to make you aware, that yes we are all set for listing, and the listing is within the next 12 hours 🔥
Q4: Can you tell us the exchanges which you are planning to list $MXF?
ANS: Our listing is already confirmed on a popular and trusted exchange called HOTBIT at 6am GMT on 22nd march (approximately 12 hours from now)
Whereas, we will list on Pancakeswap, one of the world’s biggest DEX’s at 5am GMT on 22nd march (approximately 11 hours from now)?
Also, i’d like to add that we will list on Julswap on 23rd march , which is also one of the top 5 biggest Dex’s in the world.
Q5: Do you wanna give us a sneak peak of the listing price?😉
ANS: We shall list at Pancakeswap at 5am GMT at a price of 150$ per MXF token and the pair will be MXF/BNB
Whereas, hotbit price will be set by the hotbit team by taking reference from the price at that time.
Just a reminder, that presale price was 65$ and the listing price is 150$ which is almost 2.5x
That's a good profit for presale participants, cool!
Yes, our top priority is our presale investors, those are the people who trusted us and help us achieve and get where we are today.
Q6: Can you briefly describe your PARTNERSHIPS so far?
ANS: Ofcourse, we are currently in a partnership agreement with Protocol Finance . The purpose in this agreement being similar visions and project backgrounds. We are in progress of building a product called ‘ Defi Loan ’
The Defi loan platform will allow institutions and individuals to borrow loans by leveraging their MXF tokens
The Defi loan product is very unique and one of a kind, thereby creating influence on the increasing the price of the governance token, $MXF
I’d like to apologise for a spell error, my autocorrect works weirdly sometimes.
Q7: When do we expect the launch of the Defi loan?
ANS: We currently have 7 devs and 2 UX designers from our side and 2 devs from our partner side who are currently working on the contract and Ui
We can expect the launch in a few weeks
The launch of Defi Loan will be in Q2 ofcourse, because as you can see this is One of a kind product.
Q8: Can you give an overview of your Tokenomics, and the UTILITY of the MXF Token?
ANS: I’d love to do share that
Ofcourse, Our Current tokenomics is as follow:
What i’d like to add is, that we sold out 10786 tokens out of 11k tokens in total during our presale and burned the unsold 214.85 tokens
The utility or MXF token is very vast, it can be used as a leverage to borrow loans from our DeFi Loan contract as well as can be traded like any other token on exchanges. One can also utilitize the token for farming and earn more tokens. Also, there is staking for earning tokens by providing liquidity
As you can see, we burned the unsold 214 presale tokens which is around 1.1% of the presale tokens
I’d explain why our total supply is 18,786 right now.
That’s because we burned 500 tokens ( 2.5% of total supply) at the end of presale round 1, and another 500 tokens (2.5% of total supply) during round 2 to decrease our total supply and thereby increased the demand
Until now we have burned a total of 1214 MXF tokens during our presale
1214 MXF tokens have been burned forever out of 20k total supply. In
2nd Segment: LIVE Questions
Q1: When I look at your road map, you have good goals. Will you be able to achieve your goals in 2021?
ANS: Yes, we will! You can already guess that by looking at what we have already achieved.
We have completed all our Q2 Targets mentioned in the roadmap even before listing!
So you can expect us to keep doing the same in the near future.
Q2: With a huge increase in ETH gas. Will you continue to run your project on the Ethereum blockchain network or will you switch to blockchain networks like BSC?
ANS: To bring that to your notice, we have already migrated to BSC completely during round 1 of our presale.
BSC has low fees and faster transaction speeds as compared to ERC
As i mentioned quite a few times above, we value our investors the most and our investors suggested us to migrate to BSC because they have to bear large amounts of fee if we continue on ERC chain.
Q3: 🤘 Right now issuing a token is a rather simple process. However, building the system and ecosystem is the most difficult part. My question is, How will the demand of the token will increase and how will this token use within the ecosystem?
ANS: What a lovely question!
We have already developed and launched few of our big products in the ecosystem like:
Wallet app on IOS and Google store ✅
Staking and Farming platform ✅
Our own Swap platform (Dex) ✅
Our devs our currently working on bringing the following new products onto the ecosystem:
📌 A MXF Bridge, so that it can be traded anywhere and everywhere without needing to use any skeptical 3rd party bridges.
📌 An API
📌 Defi Loan platform
📌 An off-chain oracle to support our ecosystem.
Q4: I learnt from your telegram community that listing on 2 DEX #pancakeswap and #JulSwap are coming up this week, do you plan to lock liquidity on this swaps? For how long?
ANS: Yes, you have correct information.
We are going to list on Pancakeswap at 5am GMT tomorrow (approximately 11 hours from now)
Whereas, we will list on Julswap on 23rd march (approx 36 hours from now)
A total liquidity of around 100k+ USDT will be locked for 6 months via unicrypt to avoid Robot price dumps at the time of listing as well to make sure there is no rugpull.
Yes, we have already burned 1214 tokens from our total supply of 20k tokens leaving our current total supply at 18,784 tokens (after burn)
This was done to decrease the the total supply and thereby increase the demand.
Talking about buybacks, If the robots or investors try to dump the token during any CEX listings, we will make special provisions and perform team Buybacks in order to avoid token from dumping.
I really loved the warm welcome by the community members in this group as well as the interesting questions they all asked on Twitter.. I really loved my time here.
Follow Us On Our Various Social Media Communities For More Update;
📌 Pancake listing: 22nd March 5 am GMT
📌 Hotbit listing 22nd march 6am GMT
📌 Julswap listing 23rd march 8am GMT
📌 Coingecko, Coinpaprika and CMC Listing after trading starts
Stay tuned for all the latest updates on all our Socials below :
Twitter : http://twitter.com/MixtyFinance
Telegram channel : https://t.co/4WVKVwFmbe
Telegram Chat : https://t.co/urTaU02Mqy
Website : https://mixty.finance
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