AMA Recap: DefiYield x Infinite Launch

Admin

Mar 12, 2022 • 7 min read

We would like to express our gratitude towards those who joined the AMA on 11th Mar 2022 in the Infinite Launch Telegram group. We appreciate all your support. This is a recap of the entire session, in case you missed it!

Our AMA with DefiYield comprises of 3 main sections:

1. 5 basic questions from the host to give a brief introduction about the project.

2. 4 questions from community members on Twitter.

3. Live AMA: 5 random questions from our community.

1st Segment: QUESTIONS FROM HOST

Q1. Could you please tell us a little bit about yourself and your team? What are your past experiences?

Sure my name is Sonali, Head of Communications for DeFiYield. I got into the crypto space around 2017 holding educational crypto workshops for people and produced the very first Blockchain Yacht Cruise Conference event on the West Coast of Canada in Vancouver. Now I work for DeFiYield and really enjoy what I do.

DeFiYield is in the lead as the safest Cross multi chain asset management dashboard for all DeFi users, that allows you to track, invest, swap into your favorite Yield Farming projects all from one place. We support 18 Chains, over 60 Yield Farming protocols and offer start of the art tools such a scanner that will allow users to scan through protocol contracts and view potential vulnerabilities that could be a risk to rug pulls or scams BEFORE they invest. Raising the bar for safety as well.

Q2. Let’s give the audience a brief description of what DeFiYield is? How did you come up with the idea of DeFiYield? Is it influenced by any special moment or story?

Well DeFiYield was created in the Summer of 2020 for investors by investors. The DeFi space is a growing land of opportunity for many users but unfortunately there are still many scams and rug pulls out there. So in order to grow the DeFi space and for users to be a lot more successful, users need to be able to navigate feeling safer to enjoy all these opportunities and earn from them.

So this is how DeFiYield was born, it's now one of the safest dashboards out there because of it's security tools that we give users access to. Plus it's a cross chain, multi asset management dashboard that lets you track and access over 60 Yield Farming accounts through multiple wallets, across 18 chains. Plus you will get to do so much more once new releases are ready.. such as SWAP, Invest and revoke your coins all from one place.

What is DeFiYield

https://www.youtube.com/watch?v=GlXPU6m7djE&ab_channel=DEFIYIELD

Q3. Could you share with us the current development stage of DeFiYield?

Sure! We have a lot of releases coming down the pipeline, very exciting! 300 more Yield Farming protocols in the next 3 months, Swap feature being released, DeFiYield APP coming out this year, DeFiYield Blockchain Network... and so much more.

Q4. What are the competitive advantages of DeFiYield compared to its competitors? How do you plan to differentiate DeFiYield?

What makes DeFiYield so special and gives us such a competitive advantage, is that we are the only dashboard right now to support more than one type of chain because most if not all dashboards only can support one right now. DeFiYield supports EVM, Solano and Terra, with more coming. We give our users access to over 60 of the Top Yield Farming protocols, where they can track all their accounts, profits, rewards from one place. Also we offer the largest Audit and Rekt database in the world where you look up your protocol and check out the risk profile, see if it's safe for you to invest in. Not to mention we have our own Blockchain and token coming out.

REKT /AUDIT Tutorial

https://www.youtube.com/watch?v=i4KMn1-2bV0&ab_channel=DEFIYIELD

Q5. Please provide a detailed overview of the token $DEFI, what are its use cases and tokenomics? How can we buy your token?

Yes the $DeFi token has many benefits that users will have to SWAP, Invest, Hodl and participate in on-chain governance which means users can vote on important decisions that evolve the future of DeFiYield. For more detail information on this, please refer to page 32, in our Whitepaper https://defiyield.app/whitepaper.pdf Join our announcement channel for more updates on this https://t.me/defiyield_ann

The token will also have many utilities: the dashboard profit will be distributed to token stakers and we will have a chain! It’s very exciting actually, DeFiYield Chain will soon be launched as the “Blockchain Security Network” - then users can then run their own nodes by staking $DEFI tokens, too.

The $DEFI token holders will also be able to collateralize their stacked tokens and mint stablecoins $defiUSD with a goal to maintain a 1:1 peg USD. Many more updates to come for tokens.

Users can check in with Infinite Launch in regards to the private sale going on now. But also we will be listing in Q2 on a few major exchanges. More details on this can be found in our telegram channel.

2nd Segment: QUESTIONS FROM TWITTER

Q1. Do you think the DEFI ecosystem has a positive outlook? Given the recent market price decreases, I’m curious as to what the team thinks about this. And there are already a slew of DEFI systems; what sets your project apart?

Yes, DeFiYield has a great ecosystem with many chains, protocols, yield farming opportunities, staking options and advanced security tools for all users to access.

Q2. To a project's development, all main priority is having enough funds. Is your team financially capable of running this project? Do you have enough funds for its development? Can you tell us how your project generates the profit?

Yes we have the funds and raised enough to carry us and manage the project and have a steady course for a while.

Q3. Almost ¾ of investors are focused purely on the price of a token in the short term instead of understanding the real value and health of the project. Could you tell us the motivation and benefits for investors to hold your token in the long term?

Yes they can SWAP, hold, stake and participate in on-chain governance where the can vote on important decisions that evolve the future of DeFiYield.

Q4. What is the ultimate mission that DefiYield is trying to achieve in the crypto field? Obviously the crypto market will experience huge growth in upcoming years, so which role would you like to play in crypto? What are your future goals?

Our role is to be the one stop shop for DeFi users everywhere where they can view, track profits and losses. access multiple protocols and wallets from one place.

Be the safest cross chain multi asset management dashboard that offers the most protocols for defi users everywhere.

Q5. Community support is one of the biggest aspects of project success. Most projects have procedures for interacting with their users. Do you have any special plans to attract and expand the community and improve the user experience?

We have achieved a lot in such a short time but to name a few, we have achieved being the first dashboard to crack the code and support EVM, Solan and Terra chains. Creating a multi cross chain dashboard, We are the First to offer the Largest Audit / Rekt Database in the world where users can look up Yield Farming protocols and check their risk profile to see it's safe for them to invest in, also we have Youtube channel that offers DeFi tutorials on how to Yield Farm and we interview the top leaders in the DeFi and blockchain space. We also published an Amazon best selling book called The Wall Street Era is Over.

Wall Street Era is Over Book : https://www.amazon.ca/Wall-Street-Over-Cryptocurrency-Decentralized/dp/1527295362

3rd Segment: QUESTIONS FROM GROUP

Q1. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?

Yes we actually have over 500 investors, which consist of Top VC's, Angel investors, Exchanges, Crypto companies and influencers. They bring more than just capital to the table, they bring professional advisory, resources and meaningful connections. Most of all they align with our values of Community first. So we are honored to be backed by so many great people.

Q2. Can you explain your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?

The community is very excited about this. We have our token coming out, which, $DEFI is an ERC20 token with fixed total supply that is planned to be limited to 1 billion tokens. The token distribution is designed to be multi-chain: $DEFI will be present on Ethereum, Binance Smart Chain and Avalanche. You'll be able to Stake, SWAP, hold and participate in on-chain governance, where you can vote on important decisions that evolve the future of DeFiYield. Also we are launching our own DeFiYield Blockchain Network, that we will use and where other Yield Farming projects will be built on.

Q3. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Yes, to get more involved in DeFiYield please check out our dashboard through our site, connect your wallet, try out all our tools and join us for the ride as we grow.

🌐 Website https://defiyield.app/

📱 Telegram https://t.me/defiyield_app/

🐦 Twitter https://twitter.com/defiyield_app/

📙 Blog https://blog.defiyield.app/

🎥 Youtube https://www.youtube.com/c/DEFIYIELD/

Q4. According to the roadmap, what is your most important next priority?

Next priority is to onboard 300 New Yield Farming protocols, launch our token, list on exchanges, release the hottest and latest features, and much more.

Q5. Have you been audited ? Have not heard you talk about that the security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

Yes, all our smart contracts have passed multiple audits, we will audit every smart contract we put out and everything we do as well to ensure safety for all our users. Also we offer the most advanced security tools and layers for all our DeFiYield users anywhere from our Audit / Rekt database, to our smart contract scanner to our auto function that will automatically show the risk profile of all your Yield Farming accounts from one place.

DefiYield Media Channels: