Recapitulation of YIELD BEAR FINANCE PROJECT AMA event held at AMA LOVERS CLUB.

5 min readApr 25, 2021

Recapitulation of YIELD BEAR FINANCE PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Sunday, 25th April, 2021
Time: 16:00 UTC

The YIELD BEAR FINANCE PROJECT team was represented by @UndrGrnd5_1 who judiciously shared with us detailed knowledge and information about YIELD BEAR FINANCE PROJECT.

1st Segment: INTRODUCTION

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

ANS: My Name is Joshua, I am a 40 year old Business major from the United States. Our team are members from all over the world. Our Dev team works hard coding while I handle the business matters as the come up. Marketing...etc.. I’ve been in crypto for about 6 years now and enjoy this most as it gives me an opportunity to reach people from all over the world.

How big is the Yieldbear team?

12 and we are actively looking for new people to handle Moderating new chat groups for new languages.

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

ANS: I think an overall of who we are and where we are going would be explained as, ybearswap's goal is to create a complete platform where you can get all the necessary services. We have already activated the exchange, liquidity, farming and staking services. By 2021 we will integrate the lottery (next week) which will allow us to burn more tokens, but the main goal this year is to offer an incubator service. Simply put, incubators are companies that search for potential successful projects and give them a helping hand throughout the critical stages of their development. This often occurs from the ground up. Services that an incubator provides can range from funding, marketing, advising, strategy, community building, and more. In return for their services, the associated project will typically surrender a certain amount of equity, which in turn helps drive the incubator’s motivation to make it a successful venture. Our investors would thus have the opportunity to acquire an advantageous position in the launch of a new associated project.

Don’t think of us as a token but as a family of tokens on a platform. Swap. One full system!!!!

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

ANS: Top milestone would have to be our partnerships. This is because, what good is a farm with nothing to farm? So when we make partnerships we list their token to our farm so that all can farm them.

between today and tomorrow we will be on the pages of 3 famous crypto influencers. in addition we are continuing with the shilling on telegram and reddit. tomorrow we will also start on tiktok. don't forget that coingecko and coinmarketcap have yet to publish. then we will have the integrations of the new services (lottery) and we will start with the partnerships and new pools

Our road map consists of a Mobil app next quarter

And dAPP upgrades.

Can we get a link to the roadmap?

https://ybear.finance/

Q4: Can you briefly describe your PARTNERSHIPS so far?

ANS: So we partner with tokens. As we commence a partnership we list them to the farm so the we may assist with their liquidity.

In hopes we can one day help everyone with their liquidity from the swap.

So you are in partnership with Sbear and Bakeswap?

Bakeswap

SBear is one of our tokens

There are 3

YBEAR, yBEAR honey, and sBear

These 3 tokens make up our ecosystem for the swap. This is what we refer to as our platform.

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

ANS: YBEAR is a deflationary token. 50m total initial supply but we have burned down to 48m. There’s a 5 percent reward and 2 percent burn at each transaction. This means holder get rewards immediately each time there a buy or sell plus the token is deflationary by 2 percent

Ybhoney is award token given when staking yBEAR . Extra reward.

SBear is new token 2 million initial supply. It is to be farmed and minted so supply is infinite but.....the lotto will be used to create burn for this token.

2nd Segment: LIVE Questions

Q1: Innovation they say is one of the greatest achievements, could you tell us some of the innovations Yield Bear finance will be bringing in to yield farming? What will you be doing differently from existing projects offering Yield farming? How do you intend to lower the entry barrier so that anyone regardless of their level of crypto experience could benefit from your project?
https://twitter.com/BisolaHafsat/status/1386348880850206720?s=19

ANS: So in a time where Covid ravished the globe, jobs are scarce, we have here an opportunity to create a passive income line that can provide income essentially for the rest of our lives.

ybearswap's goal is to create a complete platform where you can get all the necessary services. We have already activated the exchange, liquidity, farming and staking services. By 2021 we will integrate the lottery (next week) which will allow us to burn more tokens, but the main goal this year is to offer an incubator service. Simply put, incubators are companies that search for potential successful projects and give them a helping hand throughout the critical stages of their development. This often occurs from the ground up. Services that an incubator provides can range from funding, marketing, advising, strategy, community building, and more. In return for their services, the associated project will typically surrender a certain amount of equity, which in turn helps drive the incubator’s motivation to make it a successful venture. Our investors would thus have the opportunity to acquire an advantageous position in the launch of a new associated project.

Q2: I think Yieldbear now have 2 tokens $YBEAR and $SBEAR that governs the ecosystem, what is the difference between the 2 tokens? What is the need for a 2 tokens ecosystem.
https://twitter.com/Cryptomachine15/status/1386332640542924804?s=19

ANS: This is a 3 token system. YBEAR, ybhoney, and sBear. YBEAR is the holding token giving rewards and burn, honey is the reward for staking Bear. And sBear is used for farming.

Q3: The information on your website seems limited. So how can I get access to your whitepaper? Also, What features make yieldbear swap unique to Ethereum's SushiSwap and PancakeSwap?
https://twitter.com/kerzy_f/status/1386341026625884164?s=19

ANS: You can get more information about this project through our various social media Communities, Website, Whitepaper From the links givrn at then of this AMA presentation.

Not leverage trading yet but next NFT’s

CONCLUSION:

Yes sir and please let us know if u have anything else for us. It was a pleasure and this is a great community.

Stay the path to financial success. We will pave the way.

Or future is one platform that can house everything you need for farming and staking from a mobile app or dAPP.

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

Welcome to Yield Bear Finance Ecosystem on #BinanceSmartChain

Our ecosystem includes 3 tokens ($yBear , $yBHoney , $sBEAR) and 2 Yield Farms.

🔶 yBEAR details

Information
Buy now
Contract
Chart
Coingecko
Coinmarketcap
Audit
Whitepaper

🔶 sBEAR details

Information
Buy now
Contract
Chart
Audit
Whitepaper
GitHub