AMA RECAP

JUNEย 15, 2021 by Boss|Crypto

BOSS|CRYPTO ร— BAGELS FINANCE

Venueย : @Boss_crypto_community
Dateย :ย 15th June 2021
Timeย : 2.30 PM UTC

Guestย : MRS.Emily Sit (CMO, Bagels Finance)

MRS.Emily shared with us a well detailed insight into the wProject and Unique features of Bagels Financeโ€ฆ

SEGMENT 1๏ธโƒฃโ€Š- INTRODUCTION
MR. BOSS | BOSS CRYPTO

Hello & welcome everyone to todayโ€™s AMA session with Bagels Finance

Q1) First of all,
Can you please introduce yourself to our communityย ?

Emily | Bagel Finance

Iโ€™m Emily, the CMO of Bagels Finance.

I hold a Bachelors degree from City University of Hong Kong and won a full scholarship while completing my Masterโ€™s degree in Economics at University of Saskatchewan.

MR. BOSS | BOSS CRYPTO

Q2) Can you tell us a bit about bagels Financeย ?

Emily | Bagel Finance

Bagels Finance is the first cross-chain leveraged yield farming protocol (based on Heco/BSC/Ethereum Layer2). Lenders can earn higher lending interest rates. By taking leverage(up to 10X), yield farmers can earn higher farming APY. Bagels will provide liquidity to yield farms on Heco/BSC/ETH on behalf of the yield farmers.

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
Q3- Can you please list some exciting features of Bagels Finance ?

Emily | Bagel Finance

I will like to list them in point form

1. We offer leverage of up to 10x no other yield farming project matches that. The highest they can do is 3x

2. We have dokodoa which is a cross chain protocol give users the ability to manipulate one chains from another chains

3. Unique DAO where the board members are paid

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
Q4- What do you think Bagels Finance have achieved so far?

Emily | Bagel Finance

Bagels team has achieved a lot already.

In terms of product development, BAGELS has completed two third-party auditing one from knownsec and one from Certik Skynet we have also upgraded the UI of the product, added more farming strategies and we have also finalized internal testing of our Alpha version.

In terms of investors and partnerships:

Bagels have made a good amount of mutually beneficial partnership deals we are already enjoying some of the benefits now while others will come as we mature in the future. BAGELS has more than 20 investors who together have raised a seed round of $4.8m.

In terms of marketing and promotions, Bagels have hold more than 20 AMA just like this one and will continue to hold more.

We have lots of PR with prominent crypto news sites include coin telegraph we also future on big Chinese news sites we recently got listed on Tokeninsight.

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
Q5- Can you tell us about your upcoming developments & events ?

Emily|Bagel Finance

Our main goal and vision is to provide a place for yield farmers and lenders to earn the highest profits, while paying lower transaction fees and executing cross-chain transactions quicker.

We also hope to spur the DeFi application growth on HECO and BSC to diversify the industry by providing a platform for users to better interact with dapps on those blockchains.

In the coming weeks, weโ€™ll release our V1 on HECO which allows for yield farming and lending.

Some time after that, we will release our Dokodoa protocol and V2 which will allow for cross-chain yield farming and transactions.

Throughout the end of the year, we will continue adding more crypto-assets to the platform

SEGMENT 2๏ธโƒฃ | TWITTER Q&A

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
1. Explain your key characteristics that differentiate your project from other projects and what are the competitive advantages you have for Bagels?

Emily|Bagel Finance

One of Our key characteristics is high leverage giving the possibility of a higher return on yield farming

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
2. Why in the Bagel Financial Revenue allocation, the division rate is 20% acquisition and burning, 40% Of The Division and 40% of group operation and development. Why 40% in team activity and development? Do you think it's big?

By
@Ayesha__HS43

Emily|Bagel Finance

I want to believe you wanted to say โ€œDonโ€™tโ€œ instead of โ€œDoโ€

Haha, Bagels is just like that, 40% of the platform revenue is not only allocated to the team, but also some of our operational supporters from very early on.

DAO governance will be up on our V2 version! This is our vision for longer term, to make Bagels governed, and run by the community.

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
3. Is there any online media for your project from where the users can get the further updates of your project?

By @001_Miner

Emily|Bagel Finance

Yes Bagels Finance have several online medias where information and updates are passed across

๐ŸŒDiscord - https://discord.gg/zEGEPQUAJU
๐Ÿ’ฌTwitter - https://twitter.com/BagelsFinance
๐Ÿ”—Telegram - https://t.me/bagelsfinance
๐Ÿ“–White paper - https://t.me/Bagelsnews/21
๐ŸŒ…Website - bagels.finance
Medium - https://bagelsfinance.medium.com/

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚

4. Do you have any plans to expand your project to various blockchains like matic,algorand,cardano,etc.. - @truongtran0305

Emily|Bagel Finance

The direct answer to that is yes, I believe I have mention dokadoa here beforeย .
This cross-chain protocol will work with any chain which uses the ECDSA

โธ™๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹๊ ‹ ๊งเผ’ ๐ƒ๐„๐•๐ˆ๐‹๐Ÿ˜ˆแชฃ|๐๐Ž๐’๐’โ„ขเผ’๊ง‚:
5. What is Dokoda and how does it help bagel work?

By @CesarSi92629775

Emily|Bagel Finance

Dokodoa is a secure and decentralized cross-chain solution, it is composed of state oracle and cross-chain bridge smart contracts.

SEGMENT 3๏ธโƒฃ|Live Q&A

He เดฎเดฒเตเดฒเต:
Q1)Why do you think $BAGEL token is necessary for your project? What is the main role of $BAGEL in your project? What are the benefits of holding $BAGEL in long-term?

Emily|Bagel Finance

BAGEL is the DAO governance token for Bagels Finance. Our long term goal is to make Bagels governed and ran by our DAO. BAGEL holders can enjoy revenue share of the platform, and also rights to vote on strategies to implement, other movements (e.g. Moving to other ecosystem) etc. So $BAGEL plays an important role on the platform

Super Man:
Q2) Are you a global and completely Decentralized project? How can we sure that there is no chance of Centralization in future?

Emily|Bagel Finance

Yes Sir, weโ€™re working hardest to achieve that. Bagels currently has healthy and strong communities in English, Korean, Vietnamese, and Chinese speaking countries and regions! And we will keep working on expanding that. And you can see in our product, our vision, and our community, weโ€™re firm believers of a Decentralized future!

Allah Vorosa๐Ÿ˜”:
Q3) Do you have a head office and all you guys working together?

Emily|Bagel Finance

Weโ€™re a global team mainly based in and from Silicon valley, and Toronto! And we do have other strong partners based in Singapore, Korea, and China!

Michael Dang:
Q4) ๐Ÿ’ฅCan you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?

Emily|Bagel Finance

1.we can support max 10x leverage. 2.we support cross-chain liquidity mining, and also Vault. That means you can directly mine e.g. Yield farms on Eth from BSC. And we can connect other vaults to our protocol. We dont really need to switch network, but will definately explore and connect more ecosystems, like solana, or polygon for example.

Check Out Name:
Q5) How We Can Able to get this Tokensย ?

Emily|Bagel Finance

Bagels hasnt launched yet! But we plan to do it this month. We will list on Mdex on Heco, and Pancake on BSC. Please stay tuned to our Twitter for the most updated info and news!

-AMA CONCLUDED-

Follow Bagel Finance here for the Latest Updates..

๐ŸŒDiscord - https://discord.gg/zEGEPQUAJU
๐Ÿ’ฌTwitter - https://twitter.com/BagelsFinance
๐Ÿ”—Telegram - https://t.me/bagelsfinance
๐Ÿ“–White paper - https://t.me/Bagelsnews/21
๐ŸŒ…Website - bagels.finance
Medium - https://bagelsfinance.medium.com/

FOLLOW BOSS CRYPTO

https://t.me/Boss_crypto_community

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