Recapitulation of Rubik Finance AMA event held at AMA LOVERS CLUB
Date: Thursday, 19th November, 2020
Time: 17:00 UTC
The Rubik Finance team was represented by @missrubik and @rubiklover11. They both judiciously shared with us detailed knowledge and information about the project.
1st Segment: INTRODUCTION
Q1 : Can you please introduce yourself and your background, also introduce the Team working on RUBIK
Ans : I am a programmer and have 2 years of experience in blockchain. In addition, there is also a software engineer and a marketing specialist in our team.
Q2 : Can you introduce the RUBIK project, what critical problems does it solve that existing solutions are not solving and what’s the competitve advantage
Ans : Rubik was born with the purpose of bringing profits from yield farming, casino game and vault. We are not like other projects by constantly minting tokens in each block, which will reduce value and be difficult to control. We have agreed that a supply maximum is 100,000 RBK. When the casino and the vault are open it is a long-term source of passive income. At the same time we will continuously use part of the profits from the casino and vault to buy back tokens. Also we will have a few more projects in the future, stay tuned with us !!!
Q3 : Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap
Ans : Firstly in Q4 this year we will open the vault. Vault will help you with passive income in the long term. In Q1 2021 it will continue to gaming and casino, these application will help increase the demand for tokens. And we will updating the roadmap on the homepage soon.
2nd Segment: TWITTER QUESTIONS
Q1 : How can the community get passive income with RBK tokens?What makes you believe the betting program, and yield farming will bring a new atmosphere to the RBK ? How do you convince users that RBK is much better than any defi project on the market?
Ans : The way RBK works is not like other pools on the market, they constantly generate new tokens in each block, which will make the token value continuously decrease and difficult to control. We will only keep the supply at a maximum of 100,000 tokens. This will make it easier to distribute tokens and keep high value. Our next plan is to open Vaults and Casino, which will help you earn long-term passive income.
Q2 : So many good blockchain projects have failed because of low sale of their token, which can be blamed on the present bear market. How will you raise funds for your $RBK and survive this bear market?
Ans : This is a really difficult question. We’re still new and still have a long-term marketing plan. But what we’re sure of doing is we’re going to use the profits from the Casino and Vault to buy back the RBK, which will help keep price not dump to much in some ways.
Q3 : Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold #Rubik Finance in the long term?
Ans : We are still very new and are very focused on developing for the long term project. But first we will develop the game platform, casino and vault, and will spend some of the profits to buy back RBK. The above applications will help buyers with passive income.
Q4 : Your roadmap is not yet available on your website, can you share with us what are the main goals of Rubik Finance for the fourth quarter of 2020? Will you release your roadmap soon?
Ans : Of course we will update the roadmap soon. Q4 this year will be listed on an exchange and Vault will be open. This will help the investors to have passive income.
Q5 : Why name rubik ? On an updated roadmap ? How do you plan to get more exposure?
Ans : Rubik is considered a high level intellectual toy for all ages. Just like we have to research the algorithms, spend time developing the project, it’s just as difficult as the beginners. But when it succeeds, it will be very happy. 😍
I answered the question on the roadmap above, we are still in the process of planning long-term marketing.
3rd Segment: LIVE QUESTIONS
Q1 : RBK token is only listed on Uniswap, with a low liquidity, do your team plan to introduce more liquidity into the project and lock the liquidity? Do you plan to list RBK token on other exchange platforms?
Ans : I will choose this question to answer, since no one has asked about this yet. For vault, game and marketing issues we will have a specific post, since we need to have a detailed plan and check for the rest of the bugs, it's hard to say anything in advance. But for sure, we will always work hard to bring out the best.
We are only listing 3000 tokens on uniswap according to the stage 1 plan, this is just a small portion for people to buy tokens and bet on the pool. We currently have only 40,000 tokens minted and divided equally among pools, which will hold the token's value for the time being. We will proceed with further minting when vault is active.
We are in talks with some exchanges and will definitely listing in this month. Stay tuned for the official announcement.
Q2 : "Vault will help you with passive income in the long term". How exactly does the Vault works and what do we need to do to start earning passively from the Vault?
Ans : You will send a certain amount of tokens such as USDT, ETH, WBTC ... into our vaults for a period like 6 months, 12 months, or permanently. In return you will receive interest paid in RBK tokens depending on the period you choose.
Q3 : From website,
Rubik Finance is a suite of products in Decentralized Finance (DeFi) that at its core provides vault, yield generation, on the Ethereum blockchain.
These functions here that are written on website has and build every DeFi project.(not fud)
Is there anything special in these features or about Rubik Finance that isn't written on website?
Ans : We have a lot of plans, but they all have to get a consensus vote from the community. And the most important thing is to achieve stability during operation.
Q4 : For every successful project there has to be a great marketing strategy, if not every great project would be dead. What is your marketing strategy? How do you plan to get the word out?
I’d also like if you can elaborate on the security of the assets of Rubik networks? I mean why should we be confident in the security of the Rubik finance? We all know about the plague of the hacks these days
Ans : I agree with you that the marketing strategy is very important. But it also depends on the support of the community and whether the market is positive or not. But for sure we will spend most of our profits on buy back and marketing campaigns.
And in terms of hacking, just like USDT contract if someone gets hacked or our project is hacked, report it and give proof, we will freeze those wallets.
Q5 : How can i earn $RBK token and how much $RBK do i need to play your games?
Do you have burning plans along with buyback programs to make coin price stable?
Ans : You can buy RBK on uniswap now, or just need to stake your USDT, WETH to get RBK reward. You can play the game with an arbitrary amount of tokens.
And yes, we have burn and buy back plan when casino and vault is released
Do you have any Final Words for community, also do good to share every useful links to project with us
Ans : Last words I would like to sincerely thank the community and ama club. Sorry for not being able to answer all of your questions. But if you have any more questions, please DM me or join the group: https://t.me/rubikcommunity to discuss. Thanks and have a good day. !!!!
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