Recapitulation of VaultyFi PROJECT AMA event held at AMA LOVERS CLUB.
Venue: https://t.me/amaloversclub
Date: Friday, 6th August, 2021
Time: 14:00 UTC
The VaultyFi PROJECT team was represented by @Konstantin_Rmz who judiciously shared with us detailed knowledge and information about VaultyFi PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on VAULTYFI?
ANS: I'm Konstantin founder and CEO of http://Vaulty.fi here. It’s a pleasure to be here today. I’m in blockchain space since 2016. I've been involved in investing, research and attended in many blockchain related events.
We have quite a big team that working on Vaulty atm.
Here you can find full list of team members and advisers.
http://Vaulty.fi
Amazing Dmitriy CTO who's joined us while ago. Also, I want to introduce our amazing CMO Artem who has extended experience in marketing across many countries.
Q2: Can you introduce VAULTYFI, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: We are working in two directions, DeFi and NFT.
http://Vaulty.fi - is the platform for auto compounding your tokens and LP's. One of the best features of Vaulty is the Profit Sharing Model.
Vaulty will help users convert APR to APY.
No need for manual hassle. Moreover, vaults can save significant amounts of fees especially for small farmers.
Fees are covered by a special dedicated fund.
Imagine having best farming offers with an auto compound at the same place 😉
Will be available on BSC only at the start.
Our completive advantage is NFT rewards comparing to other yield-optimizers.
Also, we will introduce NFT staking!
The first yield optimizer with NFT infrastructure. Powered by Binance Smart Chain.
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Currently we are in the 3rd phase and we are gearing for our Public Sale. So stay tuned.
Roadmap is Available on our Website
https://vaulty.fi
During Phase 4 we will introduce new strategies and new products. Especially on the NFT side!
We are highly motivated in attracting TVL. Higher TVL -> higher buying pressure!
All strategies/vault are subject to performance fee. These fees will be used for buying our native token $VLTY from the open market and distributed across stakers of Profit Sharing Pool.
This should apply positive buying pressure on our token.
We've closed our presale with amazing backers. Also, we've established solid partnerships to date.
Backers and Partners - Techemy Capital, Moonwhale Ventures, Vendetta Capital, Combine Capital, Tsukiyomi Investment Group, , Momentum 6, Raptor Capital, Magnus Capital, X21 digital, Cinch Block, One Max Capital, Black Mamba Venture, Block Sync, Block Beats.
Q4: Can you give an overview of your Tokenomics, and the UTILITY of the $VLTY Tokens?
ANS: Here is our full Tokenomics.
https://vaulty.fi/docs/TokenomicsVaulty.pdf
All strategies/vault are subject to performance fee. These fees will be used for buying our native token $VLTY from the open market and distributed across stakers of Profit Sharing Pool.
This should apply positive buying pressure on $VLTY token.
We've designed clear utility for our token on both sides, DeFi and NFT.
On NFT side- users can earn internal token and exchange it to NFTs in our gallery.
2nd Segment: LIVE Questions
Q1: For a project like VaultyFi, Security should be of utmost importance and a top priority since the team is working with TVL. How serious do you guys take security issues and what security measures have the team put in place to ensure that the platform is safe for all stakeholders?
https://twitter.com/Abiodunbbey/status/1423341939471101957?s=19
ANS: We've applied all necessary layers of security. Obviously, we have done a security audit of smart contracts.
Here is Audit Report - > https://bit.ly/3zJhPbQ
We will run our APP through PenTesting before going live.
Moreover, one of our tech guys is a security auditor himself :)
We are taking security very seriously!
Q2: VaultyFi uses the model that performs an automatic buyback of $ VLT tokens from the market and distributes them among all $ VLTY holders who bet their tokens in the profit sharing fund. So in this model of rewards participation, what is the distribution mechanism, how do you plan to reward, will this depend on the amount of tokens you bet?
https://twitter.com/damarysjosefin2/status/1423472558217773056?s=20
ANS: It's a very nice question!
All strategies/vaults are subject to performance fee. These fees will be used for buying our native token $VLTY from the open market and distributed across stakers of Profit Sharing Pool.
This should apply positive buying pressure on the $VLTY token.
Our competitive advantage is NFT rewards compared to other yield-optimizers.
Profit will be distributed according to your share size.
Q3: I read that Vaulty Finance is a platform that automatically turns APR to APY. How does your platform mechanism do this? Will this system be Profitable and Beneficial for us users and investors?
https://twitter.com/esakene/status/1423649864261373959?
ANS: Yeah. Users will optimize their staking rewards with our auto compounding feature. Basically, users will convert APR to APY.
All be done in the decentralized way by smart contracts. No one will have access to your funds beside yourself.
Q4: I read that Vaulty Finance is a platform that automatically turns APR to APY. How does your platform mechanism do this? Will this system be Profitable and Beneficial for us users and investors?
https://twitter.com/esakene/status/1423649864261373959?
ANS: Here is you can have a look to our explanation video
https://t.me/VaultyANN_new/5
Q5: For staking, VaultyFi is offering limited amount of tokens to users. Will this continue to be the case or will there later be an expansion of the staking options? Also, what new farming strategies will the team be adding in the nearest future?
https://twitter.com/KurangaHA/status/1423058443749974025?s=19
ANS: We are offering a limited amount of tokens to date. That's correct.
Of course we will be adding new farming strategies. Moreover, we will let the community suggest by voting new strategies/vaults.
Community will have the right to add their favorite tokens 😉😉
Q6: Do the stakers and liquidity farmers in the Vaulty.fi platform have the power to decide the kind of NFTs they want as rewards or are the NFT rewards given out randomly? How exactly does this work?
https://twitter.com/kerzy_f/status/1423636629642698753?s=19
ANS: Yes, users will be able to choose NFTs in our gallery.
NFTs in our gallery are denominated in internal currency called $LANTTI. This currency is only for internal use! When a user redeems $LANTTI for NFT it goes to the burn address.
We’ve introduced it for a better NFT farming experience.
Enjoy your NFTs!
Follow Us On Our Various Social Media Communities For More Update;
OnePager - https://vaulty.fi/docs/Onepager.pdf
WebSite - https://vaulty.fi/
ANN Channel - https://t.me/VaultyANN_new
CHAT - https://t.me/VaultyCHAT_new
Twitter - twitter.com/VaultyFi
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