Recapitulation of RosyWhale PROJECT AMA event held at AMA LOVERS CLUB.
Date: Saturday, 11th March, 2022
Time: 12:00 Noon UTC
The RosyWhale PROJECT team was represented by @Vnorkus who judiciously shared with us detailed knowledge and information about RosyWhale PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Can you please introduce yourself and your background, also introduce the team working on RosyWhale?
👉ANS: Hi, I’m Vaidas, a Co-founder of RosyWhale. I have been in the crypto space since the ICO Boom of 2017. Since 2020 I was strongly involved in DeFi. Previously I have been working in Operations as one of the first employees at the Gigafactory Berlin-Brandenburg at Tesla. Since 2018 we have been developing RosyWhale. The team brings a perfect combination of diverse technical knowledge as well as business & marketing expertise. Tim (RosyWhale CTO) is a self-made millionaire, who has been developing algorithmic strategies for over 10 years and is an expert in this field. Lukas (Product Development) is a serial entrepreneur that has successfully sold 2 mobile applications before. Gabriele is a sales guru, with experience in 2 Fortune 100 companies and an extensive network in Web3 and Vaidm (Lawyer) that makes sure that we comply with all the SEC and other applicable regulations.
✨✨QUESTION2🩸: Can you introduce RosyWhale project, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: Since 2018 we have build ROSYWHALE (https://www.rosywhale.com/) - an AI-driven trading engine for retail & institutional clients that will change the automation trading industry. RosyWhale allows investors to connect their portfolios, it then automatically analyzes & evaluates your previous purchases, creates an optimal distribution, and starts automation. We have achieved partnerships with the biggest exchanges - Binance and Huobi. The goal was to create set-and-forget, low-risk DeFi strategies that would replace conventional DCA & HODL strategies.
100% your own custody, by connecting API via CEX exchange, or via Metamask and the DEX trading
Select your risk level - low to very high (will be released within the next week)
Option to create your own vault - collections of your favorite coins
Infrastructure provider - we provide ZK-based infrastructure for other strategy providers.
✨✨QUESTION3🩸: Can you briefly tell us about the RosyWhale earning mechanism?
👉ANS: RosyWhale starts managing your entire portfolio and does not allow investors to be overexposed to a particular asset. We have developed a strategy named Gap 3.5, that calculates prices by using algorythmic mathematical formulas and trading AI. It buys cryptocurrencies on retracements and sells them on the upside. When the market is turning from bullish to bearish, it automatically reduces positions. While In bearish conditions, it takes advantage of market inefficiencies to average down the entry prices. During bullish conditions, RosyWhale gradually sells your positions, aiming to maximize profit.
RosyWhale will be offering decentralized investment vaults, our average APY is 49.2% (under all market conditions).
✨✨QUESTION4🩸: Can you briefly describe your PARTNERSHIPS and BACKERS so far?
👉ANS: We have achieved partnerships with the biggest exchanges - Binance, Huobi, http://Gate.io, MEXC and Bitmart.
As well as strategic partnership of on chain integrations with Arbitrum, Apollox, Kado Money, Hashflow and BSC Chain. Apart from that we have made a lot of collaborations with different KOLs, as they love the Rosy strategy and use it by themselves.
We have closed our Early bird round and received VC investments by CryptoOasis, Big Brain Holdings
Vespertine Capital and HODL finance.
✨✨QUESTION5🩸: Finally on this segment, Can you give an overview of the Tokenomics and Utility of RosyWhale Tokens?
👉ANS: Vaidas Norkus:
As Tokenomics is an essential, we would kindly invite you to check the Tokenomics on our website.
The $ROSY Token will have its TGE by the end of Q2. We have our voting on Dao Maker to be listed there!
As a voter, you will get a share of 1,000,000 ROSY tokens if you vote here on DAO Maker: https://daomaker.com/company/rosywhale
The token has the following utilities: It will reduce trading fees from 0.2% (to 0,1% or 0.05% depending on how many tokens you stake), we will implement a revenue sharing model (similar to the one of Ribbon finance) ,and you will be able to stake the token on the RosyWhale platform and generate additional APY.
For all the details we advice you to check the RosyWhale website and whitepaper!
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: I woke up this morning and saw several blood on the streets including that of stablecoins like USDC, USDD, DAI and so on. So my question is this, with RosyWhale, can traders still profit in this current market situation? If the market continues to remain bearish won't your project suffer?
👉ANS: Hey, thanks for asking. So RosyWhale is a Spot trading engine. It doesnt use leverage trading. Meaning if the market is falling, Rosy will slowly accumulate coins. it will use the falling market to accumulate. Once the market will recover it will sell your tokens in profit.
we are in a bear market since 1,5 years, Rosy is the safest place under this market condition.
this graph explains it all, why we outperform hodling
✨✨QUESTION2🩸: Do You allow suggestions and feedback from the community are we allowed in decision making, do you put community into consideration?
👉ANS: sure, so the strategy is open on the Beta version since the last 10 months, we have around 1000 users at the momment. The Beta tester group is there for feedback from the community, suggestions how to improve, and direct communication between users and devs.
✨✨QUESTION3🩸: All tools in RosyWhale is made for any type of trader, from the least experienced to the most expert? The platform is friendly to any kind of people with no programming, trading, technology, and cryptocurrency experience?
👉ANS: so RosyWhale is not a manual set up grid bot, like from 3Commas, Pionex or Kucoin. Its an automated portfolio manager. It selects the coins to trade with the Gap 3.5 multicoin strategy. So this is a LOW risk strategy, perfectly suitable for beginners. We recommend the minimum trading amoun to be set at 1000 USDT (below this amount you are exposed to higher volatility)
✨✨QUESTION4🩸: I Noticed that there has been more than 10 Million trading Volume on Your Platform,
Are You satisfied with tue Number of users & Volume at this time?
👉ANS: You can join the RosyWhale closed Beta testers group and see the comments by users for yourself. We are happy about the positive user feedback.
✨✨QUESTION5🩸: As Rosy is live of Dao maker,
& You are airdropping users with token,
Can You Please Tell how users can get this Airdrop?
👉ANS: You can get an Airdrop by voting for RosyWhale to be listed on Dao Maker. Check the AMA questions, I have shared a link how to get to the DaoMaker website. We are Airdropping 1 Million Rosy Tokens until this Monday. Go vote now! https://www.docdroid.net/Ws1xoUM/wp-pdf
✨✨QUESTION6🩸: Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
👉ANS: We wanted to do what Renaisance technology did with stocks. The story behind is that we traded manually crypto and had lost money. We realised that we are affected by our emotions, thats why we wanted to build a rational trading engine only based on math, to make better investing decision and not let emotions intervene.
Introduction to the RosyWhale project
✨✨QUESTION7🩸: When is this Voting ending on DaoMaker,
How much amount should we hold in the wallet to be able to vote?
👉ANS: you need to have 500$ worth of tokens on Metamask in order to vote. The voting is ending by Monday.
✨✨QUESTION8🩸: How will RosyWhale make trading easier and more profitable for both beginners and professionals? What specific indicators and technical analysis tools does RosyWhale use to identify buy and sell opportunities?
👉ANS: Please check the Gap 3.5 strategy in the Whitepaper.
✨✨QUESTION9🩸: Does metamask support coming for our portfolio control with Rosy_Whale? And if yes then when we can expect this update?
👉ANS: the Metamask update is beeing implemented now. If you wish you can join as one of the first adopters. It will be finished within the next week.
✨✨QUESTION10🩸: Hello Sir my important question?
How can users stay update and join your project? Are there a channels with the local Community where users can get the latest upcoming updates?
1. YouTobe Channel?
2. Tutorial Videos?
3. Twitter, Medium?
4. Website, Discord?
5. Others? please tell me sir.
👉ANS: We have a partnership with the BNB Chain. We adopted ARBITRUM as this is the best Layer 2 Ethereum solution.
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
🎯 RosyWhale Socials:
- Discord: https://discord.gg/gp7bZeFuYf
- Medium: http://rosywhale.medium.com/
- Telegram: https://t.me/RosyWhale
- Website: https://rosywhale.com/
- Twitter: https://twitter.com/Rosy_Whale
- RosyWhale Whitepaper: https://daomaker.com/company/rosywhale/DoMxrwuFtp
👉FOLLOW AMA LOVERS CLUB ON:
📌Telegram Group: https://t.me/amaloversclub
🌎📢Telegram Channel: https://t.me/amaloversclub_channel