AMA Recap: CRYPTO MINERS X UFO FINANCE
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UFO Finance is a decentralized off-exchange Market Protocol which allows to create, trade and manage collaterals that represent financial rights. Off-exchange market is a decentralized market where participants carry out cryptocurrency trades and transactions without CEX or DEX. In UFO, two-sides collaterals make both parties of the deal to fulfill their obligations to avoid the risk of being liquidated. This project is a novel idea in the blockchain industry and has no competitor at the moment. In the event of competition, they have well defined strategies and unique value propositions that will give a competitive advantage and edge over others in the industry.
We hosted an AMA session with UFO Finance on 14th September.
Mr. Ramsy was the host from Crypto Miners and Mr. Alex was the guest. He shared delightful knowledge and unique features of UFO Finance.
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Segment 1️⃣: Introduction
Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another AMA session With UFO Finance
To help us learn more about UFO Finance, We are lucky to be joined By Mr. Alex
Alex:
Hello everyone
Ramsy | Crypto Miners:
Hey there 👋
Alex:
Glad to be here
Ramsy | Crypto Miners:
Welcome here
Thanks for bringing Us UFO Finance ❤️
Alex:
thanks for having me
Ramsy | Crypto Miners:
So first of all Can you introduce yourself to us?
Alex:
I’m Alex, CMO of UFO Finance
Ramsy | Crypto Miners:
Nice to meet you Alex 🤝
I’m pretty sure that our Community is very much excited to learn more about UFO Finance ✌️
So let’s get start our first part of the session if you’re ready Alex!
Alex:
I’m ready
Ramsy | Crypto Miners:
1. Make a concise and brief introduction about UFO Finance. and how it gives back to the investors
Here is the first question for you
Alex:
The project is based on a unique Layer 2 Decentralized OTC Trading Concept, we are creating a product that will help people make trading decisions on their locked assets, rather than waiting for them to be unlocked. No one has ever done this before.
Ramsy | Crypto Miners:
That’s a well start 👍
2. What are the unique features of UFO Finance that makes it superior and special as compared to its competitors?
Alex:
UFO Protocol is already an utility project, it is making a contribution to the development of decentralised finance, definitely it will affect the understanding of locked assets in the crypto space.
Ramsy | Crypto Miners:
Q3) Where is the team from? How has the experience and background of your team ?
Alex:
Frankfurt, Germany. it just so happened that we had a lot of solidity developers who had dealt with such protocols in the past, so we decided to combine our efforts and created UFO Protocol, the first exchange of its kind that allows trading with locked allocations in a smart contracts.
Ramsy | Crypto Miners:
4)Which CEXs are planned to list the token in the future and how much liquidity is reserved for it
Alex:
Within a week after token listing on DEX there will be a CEX listing, we are actively negotiating with major platforms, this will be announced in the announcement channel. We have already allocated 7% of tokens in our tokenomics to provide CEX liquidity.
Ramsy | Crypto Miners:
That’s cool 👍
Now let’s move to our last question from this segment
5. What UFO Finance achieved so far and what important updates and developments we’ll get in coming future in UFO Finance?
Alex:
We will go through several major CEX listings and continue to scale our OTC Exchange, building partnerships and with the growth of our community with new members I am sure we will soon be known by most.
Ramsy | Crypto Miners:
Thanks Alex for this well detailed introduction about UFO Finance:)
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!!
Alex:
Sure
Segment 2️⃣; Twitter Questions
Ramsy | Crypto Miners:
1)I see many problems with Off-Exchanges Markets. Can you mention those problems and what solutions #UfoFinance can offer to these issues?
Alex:
There are 4 core problems with off-exchange markets: Privacy, Decentralization and 3rd party risk, order matching and time costs. UFO Finance solves this problems via decentralized collateral-based DEX. You may read more in our lightpaper
Ramsy | Crypto Miners:
2)Could you please introduce your token to us? Can you tell us how the tokens were distributed? How much of the transaction fee is burnt as a deflationary mechanism to use this to boost token value?
Alex:
Private sale 8.75%, burnt 2.4%, liquidity 17.64%, staking/treasure 22%, marketing 10%, CEX listing 5% and 5% for advisors. We plan to do buybacks and burns after launch.IDO is live on Pinksale: https://www.pinksale.finance/launchpad/0x9161cf7fa4a2a1bd139a9207153e0daefccfad19?chain=BSC
Ramsy | Crypto Miners:
3)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 @UFOFinance strategy to attract new users and investors to your project and keep them long term?
Alex:
We have recruited many professional marketers from major projects, and digital marketing agencies will also be assisting us. No need to worry about marketing, the project is already gaining huge popularity in the crypto space.
Ramsy | Crypto Miners:
4)Collaboration and partnership are some of the most important cornerstones to help improve adoption. So tell us about the existing partners of project your plans for the partnerships, and how everyone will benefit from these partnerships?
Alex:
We’ve partnered with pinksale.finance, boson protocol, anyswap and chainlink. More partnerships to come
Ramsy | Crypto Miners:
5)How will you keep UFO Finance safe from attacks? Can you please discuss about your security system?
Alex:
Prevention is the best protection. That’s why our smart contract has been audited by Cyberscope.
Ramsy | Crypto Miners:
That’s the wind up of our twitter segment
Now Moving on to our last segment — Live Q&A
Shall we Alex?
Alex:
I’m ready
Ramsy | Crypto Miners:
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) Munna Bhaiya:
This project is a novel idea in the blockchain industry. So, Do you think UFO Finance has some competitors at the moment? In the event of competition, Would you like to say something on it?
Alex:
UFO Finance hasn’t any competitors yet. If that changes, we have all the tools
2) Musfiqur R Farhan:
Has the presale been launched? Can you elaborate on the presale?
Alex:
Presale is currently live on https://www.pinksale.finance/launchpad/0x9161cf7fa4a2a1bd139a9207153e0daefccfad19?chain=BSC
3) It’s Me [Always Failed]:
Is your Project a community only for English speaking an few countries or for users not of other languages?
Alex:
It is english-speaking community. We’ll add other languages channels in the future
4) Samsung:
According to the project’s roadmap- what are your most important next priorities?
Alex:
Our top next priority is an app Mainnet
5) Whale Catcher:
Will there be buyback/burns for the UFO token?
Alex:
Yes, we have planned series of buybacks after launch.
*This segment ends here*
Ramsy | Crypto Miners:
Thankyou so much Alex For your valuable answers and information about UFO Finance
Alex:
Thank you. Have a nice day
Ramsy | Crypto Miners:
Time To Conclude Our AMA Section
We Wish all the very best for UFO Finance And The Entire team behind the project❤️
Community, if you would like to learn more about UFO Finance , here are some useful links for you:
Website: https://ufofinance.app/
Twitter: https://twitter.com/UFOFinance
Discord: http://discord.gg/UFOFinance
Reddit: https://www.reddit.com/user/UFOFinance
Medium: UFO Finance
Litepaper: https://drive.google.com/file/d/1ID7norxUkweh7Kq-1xsebGyPuH2fI55V/view?usp=sharing
