AMA RECAP

CRYPTO MINERS X FORINT

Venue : @Crypto_miners_Community
Date : 24th June, 2021
Time : 1PM UTC

Guest : MR.Umberto Celani ( CFO at FORINT) & MR.Giuliano Neroni ( CIO at FORINT )
MR.Umberto Celani & MR.Giuliano Neroni shared with us a well detailed insight into the Project and Unique features of Forint…

SEGMENT 1️⃣ — INTRODUCTION

WOLVERINE | CRYPTO MINERS

👋Hello Chat , Welcome to a special AMA session with Forint 🔰

Umbo_ForintCFO
Hello guys, how are you doing?
I’m Umberto Celani, the CFO of Forint Finance. I’m pleased to be here today to talk about Forint

Giuliano
Hi guys, nice to meet you, I’m Giuliano Neroni CIO of Forint Finance

WOLVERINE | CRYPTO MINERS
So, without making much delay...Let’s start our AMA with basic Introduction Segment if you are ready :)

Umbo_ForintCFO
Forint Finance is a registered legal entulity that aims at creating a digital ecosystem in which the gap between investors and fiscality is filled.
The team is already developing a platform that will allow to investors, businesses and legal persons to access the service.
Equity, sustainability, progress and charity are the main goals of Forint Finance, that aims at creating a much more balanced environment. Leveraging the blockchain, taking advantage of NFTs technology and transforming the obsolete e-business trade flow into a pool of new opportunities for producers, sellers and customers. This is going to be the key for a safer, reliable and fair fund allocation.

Umbo_ForintCFO
On June 20, we have listed our token on PCS, after having completed our presale with 303 BNB collected.
Our token is Forint Token (FORINT), has unique features and we are happy to explain them here today

WOLVERINE | CRYPTO MINERS
So what are your main features that distinguish you from other projects and what competitive advantages do you have?

Umbo_ForintCFO
The main features that distinguish our projects with competitors are consistent:
1) We are a legal entity and we have an experienced team that has been working with the blockchain technology for years.
2) Our Project will use its token to create added value for the community and for the investor before our migration to Polygon blockchain
3) Our tokenomics is very revolutionary, it provides a 6% reflection in stable coin to investors.

WOLVERINE | CRYPTO MINERS
When i went through your whitepaper i have noticed some special features mentioned over there like "anti whale dump system" so can you explain about the feature 'anti whale dump system’?

Umbo_ForintCFO
The Anti-whale-dump system is a strategy that limits the sell transaction at a maximum of 100.000.000 FORINT per transaction. This will reduce the possibility of big whales to speculate with the price and protect investors.

WOLVERINE | CRYPTO MINERS
could you tell us about the history of Forint ?

Giuliano
Forint is a company born out of the awareness of four people from completely different backgrounds that they could bring uniqueness to the blockchain and decentralised finance sector.
Starting from the problem of fiscal management of cryptocurrencies, at an individual level as a person or as a company, we have identified a lack of awareness of the bureaucratic procedures of management and a difficulty in finding useful information, this has led us to join forces to fill a gap in the market that is quite evident and so far unexplored.

WOLVERINE | CRYPTO MINERS
Can you share us an overview about the Tokenomics, roadmap and some of the exciting future updates of Forint ?

Giuliano
Here are the features of FORINT tokenomics:
Reflections
6% of each transaction is redistributed among all the holders, proportionally to their amount of tokens. Holders will receive BUSD at every transaction once a day. At 00:00 an airdrop will redirect all the daily BUSD reflections to holders automatically. Passive earnings for all!

Auto-generating LP
2% of each transaction is used to auto-generate liquidity. The amount is instantly converted to BUSD and redirected to the Liquidity Wallet. In the liquidity wallet, it will match the counter value of Forint and it will be re-injected to Pancake.

Developing
1.90% of each transaction is gathered in the Developing Wallet. This fund is used by the team to finance the development of the project.

Charity
0.10% of each transaction is redirected to the Charity Wallet. The fund is donated to charity (NPOs and NGOs) on a weekly basis, accordingly to community guidelines.

Holders' wallet 90%
Forint tokenomics benefits holders through redistribution. Every step forward in the development of the project will leverage this system. Just HODL!

Giuliano
Our roadmap for 2021 is very tight, there are many activities to be done, so we are continuously expanding our starting team.
First of all develop a DAPP beta version of the Forint platform and start bringing in users to test it on a scale of 100 users, continuously unlock new features and start integrating the b2b, b2c ecommerce platform; create communication APIs that are independent of the host blockchain and work on bridging Forint onto a more customisable blockchain. Secondly, media coverage of and investment in the platform will grow. This includes looking for relevant exchanges that can increase the media coverage of what we are developing.

SEGMENT 2️⃣ — Twitter Q & A

Q1) @Nizomchyk

Holders of $FORINT are entitled to receive BUSD through the community pool system, my question is, how are the BUSD obtained by the platform, is the amount of BUSD available static or depending on its USD value?

Umbo_ForintCFO
The BUSD reflections are generated by the 6% tax on each transaction and are gathered in a redistribution wallet. On a weekly basis this wallet airdrops every holder proportionally on how many tokens they hold. The more tokens you hold, the more BUSD you receive.

Q2) amahuntersarah

Currently the market is in bearish trends which has caused fear in investors, but i would like to know what message the forint team can give to its community to keep calm?

Giuliano
The team is everyday in touch with the community and doesn’t fear the bear market: we are confident of being in a period of change and know that we are creating something so revolutionary that cannot be affected to much by the bear market. In addition, the anti-whale-dump system and the redistribution mitigates the BTC effect on prices.

Q3) @cryptodude112

I curious to see what ambitious goals you guys have set for 2021, care to share a bit more about your preliminary roadmap for the coming year?

Giuliano
As I said before our roadmap for 2021 is very tight, there are many activities to be done, so we are continuously expanding our starting team.
First of all develop a DAPP beta version of the Forint platform and start bringing in users to test it on a scale of 100 users, continuously unlock new features and start integrating the b2b, b2c ecommerce platform; create communication APIs that are independent of the host blockchain and work on bridging Forint onto a more customisable blockchain. Secondly, media coverage of and investment in the platform will grow. This includes looking for relevant exchanges that can increase the media coverage of what we are developing. Our goal is to become a third level layer of blockchain, allowing to be integrated by other platforms and exchanges

Q4)@Traderkid39

Recently, the majority of initiatives in the Cryptocurrency field have been plagued by serious security vulnerabilities. What actions have been made to guarantee that security is not a concern in this location?

Giuliano
The problem is not the blockchain itself, but the host platforms; our company has been developing encryption systems for years that will protect our service users in every way. We worked on developing a 2048-bit encryption system

Q5)@crypt_lead

Can you tell us the motivation and benefits for investors to hold $FORINTTOKEN long term? What plans do you have to help drive demand and scarcity for the token?

Umbo_ForintCFO
We are creating something new, to fill a lack in the entire system. Investors are not buying a token and that’s it, they are investing in a whole ecosystem that will innovate the world of DeFi and will very soon migrate to Ploygon to become a third level Ethereum layer. We are very confident on the whole project and are striving to deliver it in a tight schedule!

SEGMENT 3️⃣— Live Q & A

Osay Mong
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Umbo_ForintCFO
Of course, we are always in touch with our community. While developing our project we want to maximize investors value. We are always trying to protect them, to keep them updated and to reward them!

Sonj
Smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your or switch to other in the future?

Umbo_ForintCFO
Yes, as we stated above, we are going to migrate to Polygon blockchain in order to have the possibility to leverage a faster transaction speed, a lower cost and a higher integrability of the system.

Milan Ringuette
How did Forint manage to survive as many projects disappeared in hard market conditions? What is your survival strategy?

Giuliano,
The key is to create an open system that is actually intuitive and easy for other developers to integrate, to create a widespread network of partners, to make the ecosystem as diverse as possible, and to ensure that market trends do not constrain your platform.

ᎪᎷᎪᏞ DEV 18
Is your platform also suitable for the beginners? Or is it just appealing to professional users?

Umbo_ForintCFO
It will be user friendly and we will allow mass adoption through out a simple interface. It will be possible to use either by beginners and by professionals. We believe a lot in leveraging cospicuous network effects

Jessey Helen
How safe should the user feel to invest and use the platform? How would it be protected from the risks? Has the contract gone through any audits?

Giuliano,
The contract is currently being audited by Techrate

🔥OSMAN BE🔥
Why did you choice this name for your project and which particular problem is it created to solve?

Giuliano
The name derives from the Fiorino, which is a currency that originated in Florence in 1252, and was one of the most important exchange currencies in European banking. Our goal is to create an exchange currency that is fiscally self-sustaining, and that allows new companies to create alternative businesses benefiting from the VAT exemption throughout Europe for cryptocurrency transactions and entering a whole new customer pool.

— AMA CONCLUDED —

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💎 Forint

- Website : www.forint-token.net

- Twitter : https://twitter.com/forinttoken

- Telegram : https://t.me/forinttoken