Recapitulation of MOONFARMFINANCE PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Saturday, 7th June, 2021
Time: 12:00 UTC

The MOONFARMFINANCE PROJECT team was represented by @sondinh_MFO,
@Frank_MoonFarm_CGO and
@henry_moonfarm who judiciously shared with us detailed knowledge and information about MOONFARMFINANCE PROJECT.

1st Segment: INTRODUCTION

Q1: Can you please introduce yourself and your background, also introduce the team working on moonfarm?

ANS: I’m Son Dinh, CEO of MoonFarm Finance. I had 15 years of experience building enterprise software technology in Vietnam and South-East Asia, ex-Founder & CEO of FinanceX Exchange
My CGO - Frank, he is a Bitcoin adopter and researcher since 2012 Enthusiast of disruptive blockchain technologies in the area of finance
My CTO- Henry Nguyen (who is not here today) - Chief Blockchain Architect in several crypto projects including FinanceX Exchange and ProTrading Bots.

We are crypto veterans since 2016 who have credible backgrounds from Digital Exchanges and are familiar with handling multiple currencies and chains, building top-notch security and fiat on/off ramps.
One of our major achievements in the past is FinanceX — a cryptocurrency exchange in SEA. We also partner with Tomochain, Kyber network before in providing liquidity to their products by our AI trading bots system

MoonFarm Finance is our new project since we want to solve DEFI key problems and bring mass crypto adoption to traditional finance.

Q2: Can you introduce moonfarm, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?

ANS: -MoonFarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
-Moon Farm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use or the system will automatically determine the best farming strategies using the yield optimization engine.

-The idea comes up when we see our friends who have a lot of money in traditional banks and move funds to crypto and try to find a low risk investment but higher return than Saving in banks. We tried to help them with farming Stable Coin in Defi projects but it is still very difficult for them.
-> MoonFarm is solving that with a simple process, easy to use and high APY as customer funds depositing it will be used to farm in other Defi projects.In short, MoonFarm is just better. It saves time and cost. It lowers the barriers of entry so that more people can have access

MoonFarm’s advantage is the speed of integration with other chains, unlike other Defi projects that will have to wait for cross chain function fully developed, MoonFarm can integrate all other chains quickly so users can Farm with many native tokens across all chains. BNB for Pancake Swap, Solana for Raydium, Avax on Pangolin, Polygon on Quickswap, MDX on Heco chain, Near on Ref Finance. So we more like centralize all the best Defi farming project in one place so customers can easy pick 1 and farm

Another advantage is users can farm with a single asset, no need to add 2 pairs of token for liquidity provider token. The reward token will also be distributed daily to users wallet every single day, no need to harvest mannually like other Defi Project
Our MoonSwap also has the best rate when we connect the liquidity from both CEX and DEX thus help users swap with a very fast speed and low slippage, so users can have their reward token and swap to any tokens they want with a blink of an eye.

Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?

ANS: We started this Project since Jan and eversince we have got a very strong support from our local communities, there will be a lot of people join MoonFarm to try our product and hold token to support us

Second, we have received the back up from very good ventures who can expand our business to their partners as well as Marketing plan

The biggest milestone so far is our product launching on last Friday (4th June)

Our beta version has reached $1 million in Total value locked and 1,500 registered users in just 3 days

We also passed the auditing process from the Arcadia Group thus we can ensure our product safety toward users

In the short future, we will integrate MoonFarm to Polygon and Solana so users can earn much higher APY from these chains.

We are also in the progress of partnering with a traditional bank in our country to support the Fiat on-ramp and off-ramp system.

Also, we're accelerating mobile app development on IOS and Android over the next week. This app is gonna be an outstanding feature in comparison with other farming products, It will help people from all classes be able to use DEFI products with a single swipe on their smartphone. Stay stun and get ready to experience our products.

Our plan for this year is integrating with 6 chains, to be listed in at least 2 CEX , partner with Chainlink to be much more safer before all Flashloan attack, achieve $50 million in TVL.

Q4: Can you briefly describe your PARTNERSHIPS so far?

ANS: We have full local support from Vietnam our country, our VCs are owners of top crypto community in Vietnam with around 40k members in each group
We also have Arcadia an audit company as long-term partner, with their help we will have a lot of new partners in the future

SMO Capital is a huge VC name, they invested in some of the top-notch project such as Casper Labs, Refinable, and here is what they say about MoonFarm Finance:
“What attracted us to Moonfarm is the vision to simplify and make yield farming safer across multiple chains. From one simple web or mobile app the user can deposit single-sided assets and leverage the power of auto-compounded yield farming across different chains like Binance Smart Chain, Ethereum, HECO, and others in future.” — Chris Croft, SMO Head of Research.

SMO Capital shares the same vision of the importance about a CeDeFi platform to speed up the crypto adoption and DEFI access. After invested in our Seed round, they promise to support MoonFarm Finance in term of new partnership as well as Marketing plan

currently, we are working with new partner,

Unilend for a new flashloan function

Chainlink for pricefeed

Polygon to integrate with their ecosystem

Sota finance for NFT market place in the future, where we want our $MFO token can become payment token in Sota Finance.

Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $MFO Token?

ANS: If you look at our tokenomic
The total supply 100.000.000 $MFO.
Seed Sale: 4,000,000.
Strategic Sale: 4,000,000.
Private Sale: 3,000,000.
IDO: 350,000.
Listing liquidity: 200,000.
Farming reward: 50,000,000.
Product and Marketing: 8,450,000.
Community Incentives: 5,000,000.
Partnerships and exchanges: 15,000,000.
Team: 10,000,000.
The Team- which is the developers, our tokens will be locked for 2.5 years. Therefore, the governance voting actually belong to token holders, not us.
Many functions of MoonFarm project such as swap fee , harvesting fee, can be voted so that the fee can be distributed back to $MFO token holders

$MFO token will have use case so that it holds a lot of value utilities:

1.Discount on Vault Fee:
A certain amount of MFO token holding will be required for users to get a discount fee from Vault Management Fee — which include both Withdrawal fee and reward haverting fee.

2.Staking:
Users will also have the option to stake MFO tokens and earn staking rewards.

3.Governance Voting:
Users who own $MFO tokens have the right to vote for proposals on changing the Fee Structure of Moonfarm, adapting a new DEFI project, APY of Auto Vault , etc..

4.New Farming Pools:
Users who own a certain amount of $MFO tokens can create a new farming pool on the manual farm and receive the sharing benefit from this pool.

1 Special thing in our farming project is
Unlike other Defi Project where their farming pool reward token is their own native token
MoonFarm is different, we don't pay our token as reward , users receive the same token as they farm, such as user farm BNB they will receive BNB, farm with BUSD receive BUSD, Cake and receive CAKE, only if you farm with $MFO then you receive MFO thus create high demand for MFO and less dumping pressure.

2nd Segment: LIVE Questions

Q1: What are the penalties for withdrawing or cancelling farming prematurely? Is there any fee attached to such action and how what percentage of the reward is lost from this action?
https://twitter.com/zdarkhorse0/status/1401867047643013127?s=20

ANS: At the moment, there is no penalties fee for depositing or withdrawing or canelling from farming

We only have the harvest fee, so if you read our whitepaper, we take 3% for each time we harvest token for users

Those 3% will be sent to our Treasury fund, -> So we can use the fund in

1 Buy back $MFO token and burn, to stablelize our token price

2 Cover for something bad happens if any, so funds of user will be covered

Also we have 0.2% swap fee when you use our MoonSwap, cheaper than Dex AMM Swap at the moment as Uniswap takes 0.3%.

Q2: What makes you feel confident about the survival & sustainable success of Your project in the near future?While you build your project, do you take into account community feedbacks and demands?
https://twitter.com/Him24443858Him/status/1401876550421729285?s=19

ANS: We are confident about our project in such short term and long term manner

Since we know that many users will need our products, they just dont know that yet, our job is create this product and let people know about it

Defi for now is really complicated for most of users , our users base or users we can reach is huge with the simple steps but huge APY come from DEFI projects

Normally, human natuarally alwasy try to find the best Financial instruments where they make the best return with the lowest Risk
-> that is exactly what MoonFarm aim for

Therefore, we belive that we will always have a set of loyal customers with us in both short run and long run

For demans, we always listen and love to receive feedbacks from our community, the more feedbacks the better product, huge users base lead to better token price.

Q3: Very impressive, your RoadMAP looks promising from the Q1of 2021 to Q4 likewise the Q1of 2022 to Q2, pls in a single term what re your next Agendas for years to come; or the project will just pack out since they've executed the Mapped out plans thanks. https://twitter.com/MoonfarmFinance/status/1400337607536504834?s=19

ANS: for the Agendas for years to come

our most important goal is increase our userbase
partner with traditional bank so that the way of depositing from fiat and withdraw to fiat can be simply as much as it can

We hoping for crypto and blockchain to be legal soon so we can partnership with more traditional investment platform. Thus boosting our users base and fund into our platform

To be listed on Binance is also one of our important goal but we do not want to write it down to our Roadmap since we believe that we want the product speak for itself before Our token can be listed in top exchanges.

Q4: What is the process of farming in your product? Could you explain it to us?
https://twitter.com/Fernando025551/status/1401825860651347971?s=20

ANS: User deposits single assets to the corresponding vaults then the system will automatically create token pairs to do farming. The smart routing algorithm will select the highest APY farm among the farms that Moonfarm integrates with to stake the token pairs. Everyday the system will reevaluate the APYs and switch farms if needed to achieve the highest APYs. The harvesting process is also done automatically for the users and swap to the same token the user deposits.

Q5: If we compare other established platforms to MOON FARMS
In what way are you more unique and outstanding, that will make investors go for MOON FARM over other platforms. ?
https://twitter.com/Ayomidelex01/status/1401920230679486465?s=19

ANS: Do you know that for now, there is no Fully completed Cross chain Defi project

because the cross chain fucntion in the Defi space has not 100% running well yet, the speed is slow, the gas fee is high, also token need to be issued on other chain, then need to be coded into cross chain platform

-> Before that can successfully running smoothly, MoonFarm can integrate with 6 other chains since our code is mix between centralize and de centralize which help our Dev team easy in connecting chains and routing users fund to all Defi platforms in different chains

Also with the process similar to many apps in the traditional way, customers just need to register for an account, deposit and farm

no need to save 12 seed phrase, no need to look for farming yeild, no need to understand the way of adding liquid and using LP token.

Q6: Impermanent Losses are pain in the ass. Will your yield farm aggregator be able to handle this problem?
https://twitter.com/kamal41478389/status/1401821893800337411?s=20

ANS: Our product helps reduce impermanent loss to almost 0. Our solution to this problem is that the system monitors the price changes of the token pairs farmed. When the price changes significantly, the system will automatically unstake and find the alternative farm which has stable rate to farm. Thus the impermanent loss reduce to minimum. Since the loss is divided to all the users staked in the same vault, the loss per user is really small. In addition, the treasury vault is also subsidize the impermanent loss as the insurance for the users.

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

Please visit our Website & Social Media:

Our website:
https://www.moonfarm.finance/

Telegram Group:
https://t.me/MoonfarmFinance

Telegram Announcement Channel
https://t.me/MoonfarmFinanceChannel

Twitter:
https://twitter.com/MoonfarmFinance

Medium
https://medium.com/@MoonfarmFinance

Github
https://github.com/MoonfarmFinance

for our upcoming IDO on both Poolz and Yellow Road

Poolz link
https://twti6voqybi.typeform.com/to/U6LfqeYG

Yellow road link
https://docs.google.com/forms/d/e/1FAIpQLSfUdkKNpIlzppa8lDKSj2n3jPN8KKJZLU4-9wmk_q5YqbC_gw/viewform

Also we are having a MEME contest at the moment, you guys could join and win a Free IDO slot allocation

https://twitter.com/MoonfarmFinance/status/1401825361860513793?s=20

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