Solv Protocol is the decentralized platform for creating, managing and trading Financial NFTs. With the development of Decentralized Finance, explorations of bringing NFTs into more tangible scenarios of finance are conceiving the concept of “Financial NFTs” - NFTs that are representing and certifying any type of financial equity. Solv Protocol provides Financial NFTs with a comprehensive solution for their creation, management, and transactions.
We hosted an AMA session with Solv Protocol on 2nd December at 10:00 AM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. Ryan Chow was the guest from Solv Protocol. He shared delightful knowledge and unique features of Solv Protocol.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With SOLV Protocol
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Ryan Chow, Welcome to our community 🤝
Hello everyone, it’s a pleasure to be here!
Glad to see you here ,
Thanks for bringing Us SOLV Protocol❣
I'm pretty sure that our AMA participants are very much excited to learn more about SOLV Protocol, so let's get started if you're ready!
Let’s do it!
Alright , So here's our first question from this segment....
1. Could you briefly introduce yourselves as well as Solv?
Happy to - I’m Ryan, co-founder of Solv Protocol. I’m responsible for our marketing and research team.
Solv is the first DeFi platform that focuses solely on the minting, managing, and on-chain transactions of all Financial NFTs. You can think of Financial NFTs as NFTs that represent and certify any type of financial equity.
Our flagship product is Vesting Voucher. You can conceptualize a Voucher as an NFT container with a set of easily definable unlocking rules. Our Vouchers have the ability to be fractionalized, thus giving locked-up assets liquidity and making for a wide range of use cases.
Here is a visual explanation;
Sounds good 👏
Thanks for the brief introduction about you and SOLV Protocol 🥂
Thanks! Ready for the next question 🙂
2. What is Solv’s milestone?
We have completed collaborations with over 20 DeFi projects, using Vesting Vouchers for various scenarios such as fundraising, community building, and token liquidity management. We have proved that from a cost perspective, Vesting Vouchers can grease the wheels of managing tokenized allocations for all parties.
Since our mainnet launch in June, Solv has reached $70 M+ in total value locked (TVL) and boasts 2000 unique Voucher owners!
Early-stage protocols like ColdStack and Yin love this product for its efficacy in managing lock-up allocations.Seasoned protocols like DODO and Prometeus issued vouchers and used them to incentivize the community to deepen its relationship with the protocol.
The use cases of Vesting Voucher are just out of our grasp, we are reaching for the impossible.
We have also bought a $3 million worth of coverage through Unslashed Finance, $1 million worth of coverage through Tidal Finance.
This week also makrs a new milestone, as we have just raised $4M in series A round!
Great Achievements 👌
3. What makes Solv unique, especially now that there are a lot of On-Chain Liquidity projects popping up. And how can this unique value proposition prove to be a defining solution in DeFi?
Good question! Since our products are based on the EIP-3525 Token standard, which is our original NFT Standard built for Financial NFTs, our Voucher is the only product of its kind in the industry that has both splitting and multi-attribute description capabilities.
Compared with the ERC-20 solution, it has stronger information description capabilities and can meet more complex and diverse business needs at a low cost. And compared with the ERC-721 solution, it has better liquidity.
Talking about our ecosystem, we’ve built a strong network of resources. That is, we have established cooperation with more than 25 blue chip projects. And we are committed to continue bringing high-quality projects to the platform to avail investment opportunities via Vesting Vouchers to our user base. This will allow us to maintain a pole position.
4. What value do you believe Solv Vouchers can bring to retail investors?
To start, all retail investors can now participate in early investing. This is an Institutional-level investment opportunity for retail investors. Solv Protocol is mainly targeting allocation trading, where retail investors can enjoy a low friction, high transparency, fraud-free trading experience, and easily obtain their preferred lock-up allocations. In addition, we will soon launch liquidity mining rewards, and users who trade Vouchers will get incentives in the form of $SOLV Vouchers.
The Voucher is an excellent opportunity for holders to invest in projects at a discounted price. In July, a 2-year DODO vesting voucher (meaning the DODO tokens locked in the voucher will be released in 2 years) were issued on the Solv Marketplace, with a unit price of $0.49633 when the DODO spot price was $1.02. Now, it’s price is $1.5. So, it’s safe to say that all of the buyers here have enjoyed high returns in a short time.
5. IVO is a totally new way of issuance. What is the difference between IVO and the previous initial public offering of tokens? Our community members want to know if $SOLV's IVO is worth getting involved with!
Absolutely! An IVO is an Initial Voucher Offering. All users participating in our IVO will enjoy the same rights as private equity investors and will be able to participate directly in Solv’s primary market investment.
In this IVO, Solv will publicly sell SOLV Vesting Vouchers, a type of NFT that represents locked-up $SOLV tokens. Solv directly distributes Vouchers to users as an on-chain certificate for locked Tokens.
Vouchers tokenize locked up tokens, which in turn releases asset liquidity. Before the unlocking period, users can transfer Vouchers to meet their funding needs. Solv has established a marketplace specifically for financial NFTs on its platform. Holders can receive a certain number of SOLV tokens on the Solv platform during the unlocking period.
Now let's see our last question from this segment...
6. Could you introduce the rules of IVO for us and how to participate in it?
Sure! How to participate in the coming IVO?
1. There’ll be $350k Solv Vouchers sold on Binance NFT. ($400 per Voucher)
2. There’ll be $350k Solv Vouchers which are only purchasable for addresses on the whitelist sold on Solv marketplace (on BSC). And the maximum purchase limit is $400 for each address.
How to get your address added to the whitelist?
1. Participate in the Gleam campaign.
2. Participate in the activities held by Solv partners
Details will be posted soon.
Please note that the addresses which are successfully added to the whitelisted need to pass the KYC. And it should be FCFS.
Thanks for that well detailed introduction about SOLV Protocol🤝
That's the wrap up our the first part of the AMA session✅
Let’s now proceed to the Twitter Questions section,
I hope you're ready for that!
So Let’s Go 🚀🚀
Segment 2️⃣: Twitter Questions
1)Where can I buy $SOLV ? Also, what are the benefits in the long-term for stakeholders? Why should we invest in $SOLV ?
Thanks for the question. 1,000,000 $SOLV Tokens (1% of the total supply) will be minted into vouchers and listed in the IVO. We will launch simultaneously on both Solv Marketplace; https://app.solv.finance/marketplace and Binance NFT; https://www.binance.com/en/nft/home
Why - Retail investors can participate in early investing of great projects on Solv’s platform. Retail investors can enjoy a low friction, high transparency, fraud-free trading experience, and easily obtain their preferred lock-up allocations. In addition, we will soon launch liquidity mining rewards, and users who trade Vouchers will get incentives in the form of $SOLV Vouchers.😁
Wow, Great Benfits For Retail Investors 👌
2)SOLV Protocol products implement the EIP-3525 Token standard. Maybe you could explain first what EIP-3525 is all about? What distinguishes it from ERC20 and ERC721?
Sure, we designed and created a new ERC token standard known as a versatile non-fungible token (EIP3525) that is flexible like the ERC-20, but also non-fungible like the ERC-721, making it a semi-fungible asset.
The first EIP3525 token product was created in the form of a Solv Voucher, designed to be used in the form of allocations to grant broader access to private sales while generating much-needed liquidity for projects or investors.
3)I searched at the Solv Protocol website and also App Launch that lead me to the NFTs marketplace. There are two kind of voucher, Vesting vouchers and Convertible Vouchers. Please explain the two vouchers and how they work on the marketplace.
Vesting Vouchers by Solv is a Financial NFT structure that allows projects to lock up their ERC-20 asset allocations in an NFT container programmatically encoded with customizable release rules, and then sell it to the investors—usually at a discount.
Convertible voucher is inspired by the convertible bond, a financial instrument for investors to finance a company with the option of getting paid in the company’s stock (i.e. a stock option, particularly a call option), instead of cash. It is a project facing product.
4)From where did you get the idea of creating vouchers ? Did you see a gap in the nft market that was yet to be filled ?
We believe financial NFT must be splittable as financial assets are semi fungible. For example, you have 100 allocations of solv and want to share with others. You cannot share if it’s ERC721, which is inconvenient. Therefore we created a versatile non-fungible token (EIP3525) to solve this challenge. 😎
5) without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project ?
Here's our last question from this segment🤝
I have a perfect answer to this question😄: https://solvprotocol.medium.com/we-have-completed-our-series-a-ffc3f14b6cf1
This week marks the latest milestone in our journey to pioneer the use of Vouchers as a vehicle to bring liquidity to project allocations. We are proud to announce that we have completed a $4 million raise in our Series A!
Thanks Your Valuable Answers❣,
And that's the end of this segment🥂
Thank you all for your great questions!
Now Moving on to our last segment - Live Q&A,
Shall we go?
Here we 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)PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?🥂
Sure, the institutions that participated in our seed round include IOSG, Spartan, Hashed, and other well-known institutions.
Our private round investors include Sfermion(Lead), Blockchain Capital(Lead), Jumptrading, CMSHoldings, Apollo, The Lao, Defi Alliance, and Gumi Crypto.
You can see the Current TVL, Partners, and Activities of our program on the Overview page of our website. https://solv.finance/overview
As of now, we have over 2,000 Voucher users, 20 project partners, and our Current TVL has exceeded $70 million.
2) What are the benefits of holding token as long term investment? Can you tell us about the motivation and benefits for investors to keep the token in the long run?
Users holding solv vouchers can participate in the governance and enjoy the dividen income. Users holding solv can also have a discounted fee when trading.
3) It is mentioned in your documents that vNFT is computational ERC1155 NFT, I want to ask what unique features this vNFT has and what are its benefits?
Like I mentioned, the major difference is that vNFT is splitable.
4) Have you being audited' ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds ,scams and rug pulls ?
Good question! We work closely with top-notch blockchain security solutions to protect our users’ assets from external and internal risk factors. We are proud to say that our source code has successfully passed the audits by both SlowMist and CertiK, key blockchain security organizations, and is on schedule to be audited by a third security network.
5) Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Yes, we are working on an updated verision of the website. It will provide better user experience!
*This segment ends here*
Thankyou so much For your valuable answers and information about SOLV Protocol,
It Was Pleasure Hosting An Ama With You 🥂
Is there anything else you would like to share or you want us to know ?
Thank you for having me! Follow us for getting updates about Solv
Stay tuned for our upcoming IVO!
Join The IVO Whitelist Guys : https://gleam.io/2YjvA/solv-initial-voucher-offering-whitelist-campaign
Time To Conclude Our AMA Section
We Wish all the very best for Project
SOLV Protocol And The Entire team behind the project🤝❤️