AMA Recap: CRYPTO MINERS X CHOISE.COM
Choise.com is the innovative crypto solution that combines all the benefits of CeFi and DeFi (centralized and decentralized finance) services into one system. This bridge between CeFi and DeFi user bases will greatly simplify user exposure to DeFi products, making the process easy, reliable, and fool-proof. At the heart of Choise.com is a new, in-house DeFi ecosystem Charism, a suite of products (non-custodial wallet, cross-chain bridges, transaction builder, decentralized derivatives, and other solutions). Choise.com is a one-click gateway to DeFi space for CeFi users, which provides triple digits APYs with zero hassle.
Choise.com DAO will be set up to manage the ecosystem with CHO token powering up utility, governance, and incentivization mechanics
MetaFi products (CeFi/DeFi ecosystem) will be immediately available to 650k+ existing Crypterium users: minimal go-to-market time, immediate revenue generation
We hosted an AMA session with Choise on 29th march.
Mr. Ramsy was the host from Crypto Miners and Mr. Andrey was the guest. He shared delightful knowledge and unique features of Choise.
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Segment 1️⃣: Introduction
Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With Choise.Com
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr Andrey
Andrey Diyakonov:
Hi there, folks! Good to be with you here today.
Ramsy:
Hello there 👋
Welcome here
Thanks for bringing Us Choise ❤️
Andrey Diyakonov:
As we say, it’s your choise to earn more on your crypto
Ramsy:
✌️
I’m pretty sure that our Community is very much excited to learn more about Choise.Com ❤️
So let’s get started if you’re ready!!
Andrey Diyakonov:
Let’s get this going.
Ramsy:
First of all Please give us a brief explanation about ‘Choise.Com .What popped up in your mind to create such a platform in this Space?
Andrey Diyakonov:
Great way to start, thanks.As I am sure all of Crypto Miner know, we are in the fastest changing sector in the world. Everyday there is a new company with a great idea. Many of these ideas have a very specific capability for solving one core issue, but no matter how fantastic, many are niche that most people can not access. And we would categorise almost every solution in DeFi as niche. 4 million wallets probably means less than a couple of million users. Citibank alone has 200m customer accounts. We constantly look for new partnerships and directions to go and we saw huge potential benefit in partnering with #DeFi projects, but it was almost unthinkable that our #Crypterium users would be able to access most of these solutions.
So we took it back a layer and reminded ourselves that customers want great returns as simple and safely as possible. When a customer opens a savings account in a bank and gets a 3% return, it never crosses the customer’s mind what the bank does with my money that enables them to give me an interest of 3%. The bank is probably lending it across multiple sectors, buying interest paying bonds and so on. But the customer does not care. They know they get 3%, it was easy and safe.
We are going to do exactly the same. We remove everything behind the scenes. Customers will simply be able to open a savings account, with a fixed interest rate, and we will do everything else. They won’t have to own the native token that Crypterium will be working with. They will not have to bridge across multiple chains. They will not need to link different external wallets. One button and one confirmation is all they will need. We have to move beyond exciting, cool and niche, to exciting, simple and safe.
And as I said, we believe in giving customers a choice to earn more on their crypto. That’s why choise.com
Ramsy:
Thanks Andrey for this great start 👍
Now let’s see our second question from this segment
Q2) So what are your main features and advantages that discern you from other Projects?
Andrey Diyakonov:
Yeah, that’s really important, isn’t it?
Ramsy:
Yes 👍
Andrey Diyakonov:
Think of good old days (not so old, and arguably not so good) when bank deposit would yield an above-inflation rate.You never asked your bank how your bank generates that return for you. You didn’t have to have a degree in financial engineering to get benefits.
Democratizing #DeFi and cleansing it of the protocol-based beliefs and technical mumbo-jumbo, is at the core of our proposition.
Imagine being able to generate those sweet #DeFi returns without the need to constantly monitor on chain metrics and all of the rest — and this coupled with strong banking component right in the convenience of your favorite smartphone or web app.
+ those of us that have tried to cash out our crypto or defi proceeds and offramp them onto a convential finance infrastructure often times ecnountered accounts blockages and investigations from the banks — not anymore with Choise.com
At Choise.com we will be focusing on providing a convenient, easy to use, reliable gateway to best protocols and all the exciting aspects of the #DeFI, such as lending, farming, staking, etc.
We’ve been experimenting it with it for a good portion of the last year, setting up our tech systems, finetuning fraud monitoring and control, and the rest of the boring stuff that customers will have no need of interacting with directly, whilst those services are must-have for any project of such scale.
And the best part of it all, we already married crypto and fiat, blockhain and banking in our Crypterium product, so it’s a purely technical matter to add #DeFi component to it.
And of course, being a #MetaFi product we are focused on outr community and enabling it, so we will be runnign as #DAO
Ramsy:
Q3) How has the experience and background of your team been effective in the success of your project so far?
Andrey Diyakonov:
So Choise.com and $CHO is core Crypterium’s team brainchild and matter of fact, a next stage in evolution of our project.It’s all about building on top of an all-singing all-dancing one stop shop global cryprobanking product that we’ve built over these 4 years.
Team-wise: we’ve got over a century of combined crypto, finance service, and IT expertise. And of course we are delivering it immediately to our esteemed community who are an integral part of the project.
So our team has got a benefit of having fiigured out the hardest part of finance — CeFi and it’s coupling wiht #DeFi — so we’ve got all it takes when XP is concerned.
Ramsy:
4) Now Share us about your Native token, What are the some of utlities of $CHO in Your Ecosystem? And if possible share to us the Tokenomics
Andrey Diyakonov:
Gladly.Offering one of the benefits such as governance is interesting, but combining all three is when it gets exciting. But let’s start with governance. #DeFi needs a decisions making process, and it has been shown that this is best served by giving a voice to those that own more of the network via ownership of the token. This will give those token owners a huge say in the next evolutions of the Choise.com solutions. This is particularly important for our #B2B customers who all want a voice so that their slightly different #B2B needs are heard first.
Next is the #b2b staking. We will reward users for staking their $CHO token. The benefits will be seen in either lower gas fees (the more you stake, the bigger the slice of cost reduction benefits that you will get from our savings aggregator) or higher returns on your savings accounts.
Very important will be the #incentivization. Choise.com will do a lot of work behind the scenes to earn high returns on customer’s staked tokens. For this we will naturally take a small share. Perhaps, for example, one particular chain can pay 20% return, double what a customer could earn in #CeFi. We will pay the customer, again for example, say 16% in the currently that they staked. But we will also give the customer choise to earn the full 20% in the $CHO token.
Now let’s say that customer decides to take the 20%, and upon maturity sells the token immediately in the market, no problem, Choise.com earned the full 20% and easily cover such a transaction without a net cost to the company. Consequently many customers will Choise.com to both own and earn in CHO as it both reduces fees, and earns higher returns.
Finally I would like to say that because we are not a new company, we are making this sale to create a market, not to raise funds, and everything that we raise from the sale of tokens is being use to ensure that there is a high liquidity supported by intensive market making underpinning a very small supply of tokens. Couple this with the incentivisation and staking options, we believe that there will be a very strong market place for CHO tokens leading up to a very successful DEX and CEX listings in the next few months.
Ramsy:
Great, Now let’s move to our last question from this segment
Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Choise If possible could you please share road map with us.
Andrey Diyakonov:
Great Q.So we are still in the middle of it, but we started concepltualizing this product about a year ago.
We’ve got ambitious plans, best way to check them out is to head out to our website choise.com and track out socials.
And on the roadmap
Check out this
All of what we set out to achieve is done and being tested, awaiting early deployment to beta testers, and a following roll out.
Ramsy:
Thanks Andrey for this well detailed introduction about Choise:)
And that’s the wrap up of our the first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section
i hope you’re ready for that!!
Andrey Diyakonov:
Let’s get this party going
Segment 2️⃣: Twitter Questions
Ramsy:
1) What problem does your project focus on solving? What is the innovation you bring to the blockchain industry?
Andrey Diyakonov:
Short answer: #MetaFi and #b2bHere’s a more detailed one:
What use is Crypto if you can never spend it and don’t know how to buy it, and when you do buy it is forever at risk of being lost or stollen. That is where Crypterium’s CeFi steps in. It provides the infrastructure to get in and out and everything in between without risk or complexity. What use is DeFi that can pay high returns for the ‘lending’ of you money if it is impossible access for all but the most sophisticated user, where the costs can outweigh the returns, or where you never know for sure if you will get back what you were promised.
Putting the two things together means any customer can download an app that enables them buy, store and spend their crypto just as easily as they can their dollars or rupees whilst earning some amazing returns from DeFi projects without risk or technical knowledge.
A huge amount of technology and steps are required to make all this happen. There may be as many as 50 Crypto solutions throughout the world similar to Crypterium today (this is still an insignificant number of competitors when you think of how many banks there are). There may be another 100 DeFi protocols out there offering interesting returns for its Users. But as far as we know, there are none that are offering both inside the same App. That is where Choise.com can stand out from the rest.
Imagine if all your banking products were in separate apps, and every time you wanted to say spend money on your visa card you had to manually move between apps, and each time complete 5 or 6 manual steps to load the money onto the card, whilst knowing that if you make a mistake it’s your problem. Many people would just not bother. Now compare that to how Visa works today, everything is automated, you don’t need to do anything other than have the card and account. That is what Choise.com can do by bringing everything under one roof. You can earn the returns and spend it with the click of a button
I also want to raise one other exciting part of the Choise.com solution. Choice.com is not just a retail solution, it is also a B2B solution. We have being providing whilte label versions of the Crypterium app for over 18 months and have more than 35 B2B partners. We believe that complete adoption of Crypto will happen when all businesses get in on the act and start to see Crypto for the potential it has. Crypterium is providing many of those companies the opportunity to do that for payments.
Choice.com will now take this to the next level and enable such businesses to not only have their own native coins, own branded payment cards, bank accounts etc, but also for their users to earn significant returns whilst being our partner’s customers. Our B2B partners are very excited by this development.
Ramsy:
2) Smart contracts are prone to failure, and many initiatives suffer as a result, costing users money and tarnishing the project. What is the level of trustworthiness and security of your smart contract?Have you gone through any of the parties to audit it?
Andrey Diyakonov:
At Choise.com we will be focusing on providing a convenient, easy to use, reliable gateway to best protocols and all the exciting aspects of the #DeFI, such as lending, farming, staking, etc.We’ve been experimenting it with it for a good portion of the last year, setting up our tech systems, finetuning fraud monitoring and control, and the rest of the boring stuff that customers will have no need of interacting with directly, whilst those services are must-have for any project of such scale.
And the best part of it all, we already married crypto and fiat, blocckhain and banking in our Crypterium product, so it’s a purely technical matter to add #DeFi component to it.
Yes, there’re multiple levels of protocol and audit. We’ve already concluded and published it for the smart contract. We will keep on doing that as we go along.
Ramsy:
3) CHOISE has claimed itself to having “FOUR YEARS OF SUCCESS” and is the future of Crypterium. During four long years, how did CHOISE defined success in its platform? What milestones were reached throughout FOUR YEARS that proves that CHOISE has indeed reached success?
Andrey Diyakonov:
Great one, thanks.1 — we are first crypto company that has launched a truly global crypto card program.
2–650K global users
3 — our exciting b2b program
4 — over 40 customers
5 — we are cash flow positive, which is a rarity for service like ours
Ramsy:
4) Decentralization is what empowers the community. Choise will be governed by a DAO which is then operated by $CHO holders. Can you tell us how does the DAO works and what decisions does the DAO have access on? and how many $CHO is needed to hold to have access to join the DAO?
Andrey Diyakonov:
Very good and complex one.$CHO will be main token of our #Charysm protocol, which in turn will be run as #DAO.
So $CHO is a governance token, the more you stake, the more active you are with it, the more your voice counts.
It’s also unuqie cos all of the applies not just to you, a retail customer, but also to our #b2b customers as well. There’re over 40 of atm, and counting. A lot of them are buying into the idea as well.
Even a single staked $CHO will count — stay tuned for more details.
Ramsy:
5) Currently there are notable problems with stable coins like Tether (USDT) that have not really shown any transparency in relation to their dollar reserves like many other Stable coins. What is the advantage that ChoiseCom brings to the market to renew and Make a Difference?
Here is our last question from twitter
Andrey Diyakonov:
We are great believers in our ability to deliver blockchain or token-agnostic solutions and products.We’ve got solid business model that takes care of transactional side of business and is diversified to included one-off payments, recurring revenue. Amazon has only managed to achieve it having about 10 years on the market and backings from strongest funds. We’ve done it already — and we are among rare in our industry.
I am 100% confident in our ability to deliver. We are a living testament to that principle.
Ramsy:
Thanks for Your Valuable Answers❣️
And that’s the end of our twitter question segment
Now Moving on to our last segment — Live Q&A 🚀
Shall We Go andrey?
Andrey Diyakonov:
Let’s do it
Ramsy:
lets go,
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1) Rahmadania:
Hello, sir
What are the steps to become part of your community, and start earning? Where can we buy, where can we register? These look like really awesome projects!
Thank You
Andrey Diyakonov:
Head out to https://choise.taplink.ws/Make sure you follow us
The best way to get your hands on $CHO is to make sure you sign up for our community sale in our Crypterium app, u can download the app via link — this is where you get the best early rate on $CHO.
2) Dr_faith:
Are you a global project or local project? At present, your crypto-to-fiat payment card is available to how many countries?
Andrey Diyakonov:
95% of world’s countries are covered.
3) Waluyo Benjo:
𝗗𝗼𝗲𝘀 𝘆𝗼𝘂𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗵𝗮𝘃𝗲 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗳𝗼𝗿 #𝗖𝗥𝗬𝗣𝗧𝗢2𝗙𝗜𝗔𝗧 𝗼𝗿 #𝗙𝗜𝗔𝗧2𝗖𝗥𝗬𝗣𝗧𝗢 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 ??
Andrey Diyakonov:
Yes, those are the main features of out existing product and those will be taken a step further with Choise.com
4) Damara Dee:
𝗛𝗼𝘄 𝗮𝗿𝗲 𝗖𝗛𝗢 𝘁𝗼𝗸𝗲𝗻𝘀 𝗮𝗻𝗱 𝗖𝗥𝗣𝗧 𝘁𝗼𝗸𝗲𝗻𝘀 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 ??
𝗪𝗶𝗹𝗹 𝗖𝗥𝗣𝗧 𝘁𝗼𝗸𝗲𝗻𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗶𝗻 𝗶𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝘁𝗼𝗸𝗲𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 ??
Andrey Diyakonov:
Each one will be powering their respective ecosystem, $CRPT — #cefi , $CHO — #Defi , so they are a perfect match.
5) Niloy Ahmed:
Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Andrey Diyakonov:
1 — b2b program
2 — one-stop shop for both cefi and defi
3 — crypto price insurance
4 — our team
*This segment ends here*
Ramsy:
Thankyou so much Andrey For your valuable answers and information about Choise,
It Was Pleasure Hosting An Ama With You @traumverein
Andrey Diyakonov:
Thanks, everyoneThanks Ramsy, for putting this together.
It was an honor and a privilege to spend this time with you.
Thanks everyone
Ramsy:
Time To Conclude Our AMA Session
Community, if you would like to learn more about Choise, here are some useful links for you:
Website: http://Choise.com/
Twitter: https://twitter.com/ChoiseCom
Telegram: https://t.me/Choise_com_Chat
Channel: https://t.me/choise_com
Discord: https://discord.gg/GQbcNbRWSmMedium: choise.com
