AMA Recap: CRYPTO MINERS X DEFI KINGS

Defi Kings ($DFK) is a cryptocurrency token designed for holders to receive passive income. Running on Binance Smart Chain (BSC), our smart contract pays rewards to holders based on trading volume. 13% of trading volume is rewarded to holders in their choice of BUSD, XRP, ADA, ETH or BTC. Payouts will be every hour or as volume permits.

We hosted an AMA session with Defi Kings on 15th June.

Mr. Ramsy was the host from Crypto Miners and Mr. Mike and Mr. Wonderful was the guests. They shared delightful knowledge and unique features of Defi Kings.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to the Crypto Miners AMA session With DeFi Kings

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Mike and Mr. Wonderful

Mike:
Good morning great to be here Mr Wonderful is here as well

Ramsy | Crypto Miners:
Hello there 👋

Mr. Wonderful:
Good morning, everyone!

Ramsy | Crypto Miners:
GM guys

Welcome Here ❤️

Mr. Wonderful:
Thanks. We’re glad to be here.

Ramsy | Crypto Miners:
Thanks for bringing Us DeFi Kings❤️

I’m pretty sure that our Community is very much excited to learn more about DeFi Kings ✌️

So let’s get started if you guys are ready!!

Mike:
Let’s do it 🔥🔥🔥

Mr. Wonderful:
Yes! 👍

Ramsy | Crypto Miners:
First of all Please give us a brief explanation about ‘DeFi Kings’ .What popped up in your mind to create such a platform in this Space?

Mike:
We are a UTILITY project with a bonus of great rewards with volume our staking feature the Kings Ransom is designed in such a manner that 2% buy 5 % sell funds it in addition all of our utilities fees will pay the fund an endless stream of passive income to our holders every 14 days on top of 13% volume based rewards

Ramsy | Crypto Miners:
Thanks Mike 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?

Mr. Wonderful:
We are a hybrid of utility and rewards, first of all. Most projects are either or, not both. We believe the utilities we drop (a few we have already announced, but we have several others we haven’t announced yet) will make Defi Kings a lasting project, unlike many others that come and go. The rewards and staking feature are a bonus. We truly are a holder’s token. Over time, we believe the token will increase in value substantially due to the value of the utilities and the partnerships we create with other projects that will use our services within their own projects. Additionally, we have plans to create more tokens that reward DFK holders as we build out a full ecosystem.

Mike:
Our SECOND audit is now done and LOOKING GOOD! 👍💪Website will be updated in the next few days with this info and a few other needed updates now that we are getting REALLY CLOSE to PRESALE!!!

Ramsy | Crypto Miners:
Moving on…

Q3) How has the experience and background of your team been effective in the success of your project so far?

Mr. Wonderful:
Both of us have different backgrounds and experience that compliment each other. Mike has been in construction project management for 25 years and knows how to get things done and networks really well. He calls himself a Mad Man because he’s always coming up with new ideas and thinks outside the box. My experience has been starting and growing several companies into multi-million dollar a year businesses over the last 20 years. I am a numbers guy that is very focused on analytics and data. I think about all things when looking at decisions and how one decision can affect something else. We have both been in crypto for between 5–7 years as investors and part of different teams, which is how we met. We really felt there was something missing in the defi space. Defi Kings is it!

Mike:
As investors we know what investors want PASSIVE INCOME !!!!!We feel we know how to provide that as owners our experience with teams we volunteered with we see the good the bad and the ugly and we feel we have taken all that’s good in all projects we’ve been involved with and made it better 🔥🔥🔥🔥🔥

Ramsy | Crypto Miners:
4) Now Share us about your Native token, What are the some of utlities of $DFK Token in Your Ecosystem? And if possible share to us the Tokenomics

Mr. Wonderful:
Tokenomics:
 Total Supply: 1 Trillion
 Private Sale: 18.5%
 Presale: 15%
 Burn At Launch: 51%
 Locked Liquidity: 26.5% Post Burn %
 Marketing: 4.25%

NO WALLET TO WALLET TRANSFER TAX!

Buy Taxes: 13% Rewards, 2% King’s Ransom Staking, 2% Marketing, 1% Liquidity — Total Buy Tax = 18%

Sell Taxes: 13% Rewards, 5% King’s Ransom Staking, 2% Marketing, 1% Liquidity, 4% Buy Back & Burn — Total Sell Tax = 25%

86% of ALL Tax is Returned to $DFK Holders!

First 48 hours from launch, sell tax increased to 32% to help hold the floor! Extra taxes go to King’s Ransom Staking Pool!

Second 48 hours from launch, sell tax increased to 30% to help hold the floor! Extra taxes go to King’s Ransom Staking Pool!

96 hours from launch, sell tax back to normal!

Our first utility will be a cross chain anonymous bridge.

King’s Bridge offers you privacy and anonymity in your cross-chain native token transactions! You can send BNB and receive ETH, all while keeping the transactions untraceable. There are many reasons why private transactions are beneficial, but the most important is to help prevent being scammed or tracked by hackers. No more need to send assets to a CEX to sell and then buy cross-chain, only to then have to send back to your DEX wallet. We provide you a way to remain safe with an easier way to move chain to chain. With low fees of 0.05%-1.00%, it’s a no brainer! If you choose to hold and stake $DFK, you will benefit even more as fees collected from the service are sent to the staking pool! We support AVAX, BNB, CRO, Fantom and Polygon (MATIC), with plans to expand in the future!

Next up will be our escrow service and p2p lending platform.

King’s Escrow is a service that allows buyers and sellers to safely conduct transactions without the potential for being scammed! With so many scammers out to get everyone, this service will be vital. Let’s say you are shopping around for a product or service and the seller wants to be paid in crypto. King’s Escrow will allow you to pay the seller in BUSD. Once you have come to terms with the seller and have agreed on a price, you can use King’s Escrow as a third party to hold those funds until the product has been received or the service rendered. This gives the seller the confidence in knowing they will be paid when they deliver the product or service and gives you the confidence in knowing you will not lose your money if the seller doesn’t deliver. Once you have received what you paid for, you can release the funds to the seller. In the rare occurrence of a dispute, we will act as an arbitrator to fairly and securely resolve it, without charging any additional fees. King’s Escrow will charge a fee based on the total amount you move into the escrow service, and of course, those fees get passed along to our holders utilizing our staking feature!

Need some money so you can buy into that next project or pay some bills? King’s P2P Lending can help you secure a loan! If you have something of value that can be secured as collateral, you can request a loan on our platform. If you have tokens or a valuable NFT you don’t want to sell, but are willing to lock as collateral, you will be able to request a loan for the amount you need, set the price you are willing to pay the lender, and set the time you need for repayment. Anyone can come to our P2P platform and view the current requests. If they like the terms of any loan requests, they can accept, and once you receive the funds, the loan and collateral are managed by us.

Need more time to pay back after you’ve secured the loan? You and the lender will have the chance to negotiate longer terms, but keep in mind, the original terms will not be changed if the lender doesn’t agree, so always make a plan to pay back on time to avoid losing your collateral. King’s P2P Lending will take a small fee for facilitating the loan, and of course, those fees will be added to the King’s Ransom staking pool!

Beyond these three things, our staking is already live, along with our rewards dashboard and swap. We have an easy to use buy now button on our website as well to help make is easier to buy with less chance of being scammed. We have several other things planned to drop over the next 18 months, but we are not ready to share yet as we are still researching the development.

Ramsy | Crypto Miners:
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 DeFi Kings If possible could you please share road map with us.

Mr. Wonderful:
Updated White Paper with most recent announcements!!!

Our current roadmap is in our whitepaper and on our website at www.defikings.io Of course, it will change as we announce new utilities, partnerships and tokens.

We have been working on this for just over 6 months and launched on Monday. We were pleased to fill a 300 BNB hard cap presale in only 33 hours this past weekend on a lesser known, but more secure launchpad even in the down market we are in now. We believe people see the potential in Defi Kings with everything we offer and will offer and that is why we were able to be successful in the presale. We also currently have about 60% of tokens staked, which tells us even more that people understand we are a long term project that will reward them for holding for the long term. We have shared the utilitees already and we will continue to develop and innovate to make this a HUGE success! Defi Kings is a passion for Mike and I and our goal is to make it nothing short of spectacular!

Ramsy | Crypto Miners:
Thanks Guys for this well detailed introduction about DeFi Kings:)

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 guys are ready for that!!

Mr. Wonderful:
Let’s do it! 🔥

Segment 2️⃣: Twitter Questions

Ramsy | Crypto Miners:
1) On your tax breakdown, there is a 5% tax coming from “King’s Ransom Staking”. Would you please explain to us what is this feature all about Where would the funds under King’s Ransom Staking be coming from?

Mr. Wonderful:
King’s Ransom is what we named our staking feature. The 5% portion of the sell tax is what funds the staking pool. Additionally, there is a 2% portion from the buy tax that pays the staking pool. Additionally, as we release new utilities, they will all be service based utilities that generate revenue. That revenue is also pushed into the staking pool. As mentioned earlier, we are a holders token, so we will reward our true diamond hands more that choose to stake. Of course everyone gets their share of the normal 13% volume rewards, but beyond that you must stake to take full advantage of everything we will be doing.

Ramsy | Crypto Miners:
2) Two of the main barriers to any project are partnership and adequate funding. How many types of partnerships are there in your project? And do you have enough funds in your project to help develop your project? You can share some of his highlights with us.

Mike:
We have partnership with many projects to start some launched some upcoming our funding such as Cypher Interstellar Vault Free Finance and many more I’ll let Mr Wonderful elaborate on but financially we are in great shape

Mr. Wonderful:
All of our announced utilities are already funded. In addition, we had a nice private sale and presale. Therefore, we have plenty of funding. Of course, we are being responsible with our money to make sure we get the highest return on investment in any marketing or development. We will also continue to fund our marketing/development wallet with our 2% buy tax. We understand there are many reasons why projects fail, but a majority are due to lack of funds and irresponsible spending. As I mentioned earlier, I am a numbers guys that analyzes everything. That’s why they call me Mr. Wonderful. 😂 In regards to partnerships, we are working on several partnerships with other projects that will be mutually beneficial to all. Most of our utilities will be able to be used by other projects so they can add utility to what they are doing and generate some revenue to reward their holders, while also generating more revenue that gets directed back to our.

Ramsy | Crypto Miners:
3) I read that users will be rewarded in BUSD every 14 days to DFK holders that stake. Could you please explain why you decided to leave claiming or the BUSD reward to the user instead of a reflexive redistribution that became quite popular lately? How will users benefit?

Mr. Wonderful:
Actually, the holders will receive their share of the 13% of rewards in their choice of BNB, BUSD, XRP, ADA, ETH or BTC and that comes as volume permits. Same with staking. Whatever they choose for normal rewards is also what they will receive in staking rewards. The staking rewards are paid out automatically at the end of 14 days and the tokens auto unstake at that time. The holder can then choose to restake if they would like.

We chose to offer in these other tokens because there are many people that like the option of different tokens, rather than receiving the native token, which can fluctuate in price and cause mass sells when they receive them.

Ramsy | Crypto Miners:
4) Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

Mr. Wonderful:
We believe our project sells itself once people understand what we are doing. Of course, marketing is key to have more people see it. The current market conditions make marketing a bit tricky because the tried and true ways are not providing the results they once did, so the ROI is not great and you can deplete funds rather quickly without getting the desired results. For that reason, our focus right now is more grassroots of organic growth with a few AMAs, partnerships and banners, but really, we are watching the market very closely to give us indicators of a potential turnaround. Once that happens, we will focus a lot more on the marketing efforts to bring more awareness to Defi Kings. Right now, we focus more on the utility development and getting them released. We tell everyone, get in now. This is a very low price for what we will offer in 6–12 months from now. Once the market is better and we have those utilities running, watch out! DFK will become known and the mc will go up. In the meantime, be happy to get in cheap and collect the passive income from rewards and get it staked for even more.

Ramsy | Crypto Miners:
5) For security matter, I want to ask Could you show us how strong and safe your security is? And does DeFi Kings have audit certificates by third parties?

Here is our last question from twitter

Mr. Wonderful:
We have received two audits and have been kyc more than that. We actually received a certificate of compliance from interfi for blockchain security. Our audits can be found on our website and our tg.

Mike:
3rd party audit and Kyc posted in in chat as well as our profiles sir additionally investor security is our top priority we controlled our presale had 0 bots enter and no investor was burnt by a false link to buy additionally our collaboration with our partners is a coalition against scammers and projects doing the wrong things WE WILL OUT THEM!!!!

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

Now Moving on to our last segment — Live Q&A

Shall We Go guys?

Mr. Wonderful:
Yes sir!

Ramsy | Crypto Miners:
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) Amina Peter:
Among your project great feature I love are Escrow service and the P2P lending Platform. So how do you settle disputes that may arise between both parties? Secondly, how can I stay updated about your project?

Mr. Wonderful:
The P2P lending platform will be completely automated and will not have a chance of disputes. The borrower and lender will agree on terms and the collateral will be locked. Once the loan is paid back, the collateral is returned to the borrower. If the loan is not paid back, the lender received the collateral and that ends the transaction. If a borrower cannot pay back in time, they can request and extension with the lender and they will agree to new terms, however, the lender will have the full power to accept or decline an extension. The escrow service is a little different because if the buyer does not receive the service or goods, they will not release the funds to the seller. If that happens or they feel they did not get exactly what they were supposed to, we will act as a mediator to get the dispute settled. Keep up to date by joining our Telegram group and watching our website. Great question. Thank you

2) Summer:
To be able to be eligible for the rewards, we must hold $100 value of $DFK. Does the rewards depend on how much $DFK we hold? Does higher $DFK gives us higher rewards? What is the percentage of rewards we can receive on our holdings for passive income?

Mr. Wonderful:
Rewards are based on the percentage of tokens you hold compared to the total tokens eligible for rewards. The tokens eligible for rewards are the circulating supply minus liquidity tokens. The more you hold, the higher percentage of the rewards you will receive. The minimum amount you can hold to receive rewards is $100 USD value of DFK.

3) Ashmil Saju:
While you develop your project are you going to be taking suggestions from the communities and trying to fulfill some of their more reasonable demands?

Mr. Wonderful:
Great question. Yes, we believe our community could have some great ideas for new utilities and other ideas to make Defi Kings even better, and we invite suggestions. Many times, great ideas come from a group. A team is always better than just a few people. That doesn’t mean we will implement every suggestion, but if we agree it could benefit the project, we would definitely consider it.

4) Alfred Tennyson:
Which one of these aspects is Important for you?

1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally

Mr. Wonderful:
All of these are important to us, however, right now, building community trust is paramount. We are running Defi Kings like a business. Everything we are doing is decided based on the experience Mike and I have had in business over the last 20+ years. As with any business, the start up phase is a very important part of the company where building trust will have a huge impact in the overall success. Mike and I are men of integrity. Those who have been around since close to the beginning would attest to the fact that we have delivered on everything we have communicated. As being investors ourselves, safety, security and trust are things we are laser focused on for Defi Kings. We’ve been scammed and rugged just like everyone else.

That’s not going to happen here.

5) 🌹🍍🍍LOVE🍍🍍🌹:
Is your project only for elite investors, what about others with small funds, is it open to everyone?

Mr. Wonderful:
We welcome everyone to the DFK family. It’s not a matter of influence or bag size. We take it as an honor for someone to see what we are doing and to have the confidence in the project and confidence in us to invest.

*This segment ends here*

Mr. Wonderful:
Very good questions!

Ramsy | Crypto Miners:
Thankyou so much Guys For your valuable answers and information about DeFi Kings,
It Was Pleasure Hosting An Ama With You guys

Time To Conclude Our AMA Section

Is there anything else you would like to share or you want us to know ?

Mr. Wonderful:
Yes, we encourage everyone to DYOR. If you think Defi Kings has a long term potential for your investment, we welcome you in. If not, that’s okay, too. We realize we cannot be everything to everyone, but you are still welcome to join us in TG and have some fun with us and watch what we are doing. Feel free to ask questions and look around.

Thank you very much for having us today!

Thank you very much!

Mike:
Thank you guys and your community we really appreciate you all please get in our TG and ask any other question work is keeping me very busy this morning sorry guys and guys if you love PASSIVE INCOME check us out we will blow your mind our project t is constantly evolving to favor our diamond handers its simple we pay you to hold 🔥🔥🔥🔥🔥🔥🔥🔥🔥 and passive income increases not decreases over time ❤️❤️❤️❤️❤️

Ramsy | Crypto Miners:
We Wish all the very best for Project DeFi Kings And The Entire team behind the project ❤️🤝

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