Recapitulation of WALLSTREETNINJA PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 30th July, 2021
Time: 14:00 UTC
The WALLSTREETNINJA PROJECT team was represented by @Wsninja_f and @Wsninja_h who judiciously shared with us detailed knowledge and information about WALLSTREETNINJA PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourselves and your background, also introduce the team working on the WallstreetNinja Project?
ANS: Pleasure to be here. You can call me H. I have a background in finance and technology. I’m also very passionate about decentralization, consequently have been active in the space for over a decade.
Our team is made up of a group of blockchain engineers, project managers, crypto marketers, community managers and experienced finance business operators who run as an anonymous collaboration.
Hi All. H and myself (F) are the prime movers of the project.
After an IT career in the private sector, I left to focus on entrepreneurship and have since been involved in a number of projects and businesses.
I have a passion for finance and technology, DeFi fits right in.
We are here to take DeFi to the next level, complete decentralization.
Q2: Can you introduce the WallstreetNinja project, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: The WallStreetNinja Finance Suite is an unstoppable finance solution, where users can access the DeFi ecosystem chain of their choice, in a more simplistic manner, broadening accessibility and fostering mainstream adoption.
We feel the barrier to adoption is the need to install browser extensions and smartphone wallet apps. There are already a multitude of protocols and liquidity available within the DeFi ecosystem, but largely inaccessible to the average person. Essentially we want to give people accessibility to existing infrastructure in a more user friendly fashion.
Our competitive advantage is full stack decentralization, hence making it unstoppable, as well as the ease of use.
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: We have completed the user interface design and prototype. Development works are underway on the back/front end.
You can view the video of our Prototype.
Read more about our Prototype in our latest Medium article.
Q4: So can you briefly us, how easy will this be?
ANS: As easy as a few clicks and password entry.
Please view the Prototype video to get the basic user experience :)
In case anyone missed it!
Q5: Can you briefly describe your PARTNERSHIPS so far?
ANS: Darkpool Ventures
WallStreetNinja has been incubated by Darkpool Ventures, an incubation, advisory and project listing strategist with a solid track record of incubations and advisory services.
With Darkpool Ventures as our main partner, its strategy and advisory services will be provided along with their long standing market experience and deep industry relationships.
We have several more partnerships in the works, which will be announced in the coming weeks.
https://liquidity.ltd - Darkpool
Q6: Finally on the introduction segment, Can you give an overview of your Tokenomics, and the UTILITY of the $WSN Tokens?
ANS: Users are required to stake WSN tokens to access various features of WSNS.
Monthly subscription fees paid in WSN will unlock further functionality and advanced features.
The subscription fees paid in WSN will be used for burning events, rewards and funding of further technology developments.
Burning (governed burning events. using revenues generated by the platform to purchase WSN tokens from the market and sending to a burn address.)
Staking (NFT’s, Interest Bearing Tokens, Single Tokens, LP Tokens)
2nd Segment: LIVE Questions
Q1: I quite agree with the fact that WallStreetNinja is doing what none of its DeFi competitors have accomplished, which is assembling a full suite of DeFi products that can interoperate across several networks to support DeFi composability and data integration across protocols. However, the identity of the Ninjas behind this great project is still unknown, which I have no issue with but some users may not be too comfortable with it, do you have plan of going public later or you prefer to stay anonymous forever?
ANS: No, we have no immediate plans to go public. In the best interest of this project it is best to stay anonymous. We feel at some point, global regulators, such as the Financial Action Task Force will start scrutinising the DeFi space, hence we have gone down the Unstoppable path.
Q2: How do you plan to sustain and grow in this competitive space of crypto? The competition is fierce. Projects are launching and going missing like dust. The main problem for them was the weak team. How about yours?
ANS: Just like when Binance first launched, we plan to run a very aggressive referral program, giving the majority of the fees generated to the referrer.
We are already talking to a number of KOL’s, who have been very receptive.
Expect to see WSNS heavily promoted once live.
Q3: DeFi is a big branch of Blockchain and Wall Street Ninja is only a new ecosystem in blockchain. What major improvement do you seek to bring into blockchain that hasn't already been considered by existing platforms
ANS: Simplicity and accessibility. No web3 plugins, browser extensions or smartphone wallets. Furthermore, we are full stack decentralization, which no other platforms are currently. WallStreetNinja Finance Suite is literally the next generation of DeFi. Real DeFi.
Q4: Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
ANS: In order to gain access to all the features of the WallStreetNinja Suite you must buy and hold the token.
As the Platform starts to generate revenue, that revenue will be passed back to the Token Holders in the form of rewards and burning, which will in turn increase the token value.
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