RECAP AMA IDCRYPTO X YVS FINANCE
Speaker:
1. Lucas (CEO & Founder Of YVS Finance)
2. Elessar (Lead Developer Of YVS Finance)
Lucas @ YVS | No Giveaways:
Hello everyone! Happy to be here with you today! 😄
IDCRYPTO:
hello @Elessar19101 @yvsfinance_lucas welcome guys
elessar @yvs:
Thanks for having us!
IDCRYPTO:
Can we start in first session ?
@Elessar19101 @yvsfinance_lucas
elessar @yvs:
Sure, lets start!
Lucas @YVS :
Let's do it 👌🏼
IDCRYPTO:
We have 3 sessions of the AMA, where each of your sessions will have questions to answer, and when you are done explaining, please say "done"
SESSION 1 INTRODUCTION
IDCRYPTO:
can you please introduce yourself and your background to us first? @yvsfinance_lucas @Elessar19101
elessar @yvs:
I am lead developer for YVS finance with many years in backend programming through various companies across the Europe. Along with Lucas who is financial advisor we started to explore blockchain sector around 2014. We wanted to offer community something new and safe because we see what is currently lacking in DeFi sphere. So we came up with YVS finance. Alongside us we have a team of marketing experts and a designer.
YVS is an innovative decentralized finance project that combines the best features for creating a truly unique, transparent and secure yield-farming platform. Because the smart contracts are completely pre-programmed before launch, investors can be calm with their deposits into our project. All tokens, from the pre-sale to the last token distributed, are coded in the contracts and can not be changed anymore. Everything will be audited by the top blockchain security firm Hacken and there will be no admin control on the contracts and no functions exposed that could lead to exploits.
Our presale started on 11.12. and will run for 5 days, there are bonuses for early investors as well as for referrals. Our presale is unique and gives investors many bonuses. I am sure we will talk more about that later on.
IDCRYPTO:
Wow .. happy to know you. Thanks for introduction yourself
Next.. can you introduce yvs.finance to the IDCRYPTO community?
elessar @yvs :
We want to offer more trust to our investors. That is our primary goal. Our contracts have no owner and so after we deploy them we cannot do anything to compromise investors funds and distribution, claiming of tokens and liquidity will be automatically processed.
We believe that the current state of DeFi is that there are just too many hacks and rug pulls and we hope that with our experienced coding, audits and pre-programmed contracts we can shine some light on bad things that are happening in this sector.
Our presale is also different as it offers investors a new way to earn more tokens by being more active with the referral link and daily bonuses if you invest in an early stage.
We will be offering yield-farming, staking and vaults immediately on launch and with guaranteed rewards for the first 20-month period, so we believe we offer much more than many other projects do after several months of existence.
IDCRYPTO:
Thank you for introducing yvs.finance to us, we're happy know about yvs.finance.
let's move to the second session which is the question that has been selected from twitter
SESSION 2 FORWARD BEST QUESTION FROM TWITTER
IDCRYPTO:
1. From AwakBuuk
$YVS team is anonymous, though ain't bothered about that, what concerns me is the safety of my funds as an investor. To what extent do you prioritize privacy and security? Can you guarantee safety to us as an investor?
elessar @yvs:
We ensure the highest security standards for our project by getting an official done by one of the best blockchain security firms in crypto - Hacken. We believe with this decision we will be able to prove to all investors that we take security as our primary concern. By providing a full audit review prior to launch and by having all functionality pre-built into the deployed contracts, there is no doubt that we are building a trustworthy and transparent platform.
Our team has experience in building secure, scalable and optimized code.
For example what happened to Compounder, can not happen here, as there are no back-door exploits. What happened to Pickle or Harvest can not happen here, because we've disabled arbitrage and enforced a time period between depositing and withdrawing. Everything is pre-defined.
IDCRYPTO:
2. From Raju42000
Right now #YVS can interact with Ethereum Network and Binance Smart Chain, but apart of them do you have plans to add more networks? Like Tron or Cosmos?
elessar @yvs:
Currently we will be offering YVS only on BSC and Ethereum but in the future nothing is excluded. It depends on partnerships we will get. We are currently partnered with JustLiqudity but have a few more in discussion. We cannot discloses their names at this moment. Follow us on twitter for more information.
Expanding our token to other networks is in our plan but we have to take one step at a time. We want to achieve steady and healthy growth so YVS will last into the future.
IDCRYPTO:
3. From LeleCrypto
YVS leaves many control rights over the smart contract. Can you explain what the rights are? and what does the YVS admin left in terms of control rights?
elessar @yvs:
By this we mean that the contracts can not be changed after deployment. The owner of the contracts has no control over functions which could change the distribution, transfer any funds or similar flaws that similar projects have been exposed to recently.
We have completely removed any access to sensitive functions and all the distribution is pre-programmed which means that investors can be sure about their tokens and have no fear from exploits.
IDCRYPTO:
4. From DaubuoiT
YVSFinance How will your project generate profits / income to sustain your project and what is the revenue model? How will it benefit your investors and your project?
elessar @yvs:
80 % of the funds collected in the presale will be used as revenue for the project. This will be used for launching marketing campaigns, providing initial liquidity on Uniswap and for exchange listings.
Our project will generate revenue from the collected burn rate and from the vaults which will continuously generate revenue from investing into underlying strategies.
Our investors will besides having their funds secured, benefit in nice passive income alongside some VIP private pools which only investors holding YVS will be able to enter.
IDCRYPTO:
5. From Nana76546135
How does YVSF offer strong incentives for users to join the network? I mean, why is it a good option to choose YVSF among the hundreds of Coins that currently exist? Also, what are the specific problems that YVSF aims to solve in the ecosystem?
elessar @yvs:
Main problem YVS will solve is security. We want to lower the risk for investors and offer great features at the same time!
Here are the 2 features I would like to point out:
Token contracts audited pre-launch by auditing cyber-security firm Hacken, one of the most reputable blockchain companies.
Yield-farming, staking and vaults with a guaranteed 20-month reward payout period, which means that investors can be sure about receiving their return for a long period of time for deposits both in YVS, Uniswap liquidity pool tokens as well as deposits in stablecoins and wrapped bitcoin. Locking periods as well as guaranteed liquidity on Uniswap with unique deposit conditions (higher rewards for longer locking periods, 50 % of liquidity is locked forever).
SESSION 3 FREE ASKING
Jono:
In the world cryptocurrency competition, features are of the utmost importance to attract investors and the community! Can you provide a list of killer features that scare your competitors over your project?
elessar @yvs:
Here are the 3 features I would like to point out:
Token contracts audited pre-launch by auditing cyber-security firm Hacken, one of the most reputable blockchain companies
Yield-farming, staking and vaults with a guaranteed 20-month reward payout period, which means that investors can be sure about receiving their return for a long period of time for deposits both in YVS, Uniswap liquidity pool tokens as well as deposits in stablecoins and wrapped bitcoin. Locking periods as well as guaranteed liquidity on Uniswap with unique deposit conditions (higher rewards for longer locking periods, 50 % of liquidity is locked forever).
Unique presale system with daily bonuses for early investors and a unique referral system that will pay out members an additional 1.0 % bonus token payout split between the referrer and depositor.
That's an interesting question. What you need to know is that with YVS Finance we're trying something new by creating a fully decentralized yield-farming project. This means that there will be no admin control as previously mentioned. As developers we will have no control over the functions of the smart contracts and everything will be as predefined. Initial rewards will continue for 20 months, but with our unique burn mechanism we will provide rewards to users for as long as the blockchain itself exists!
So there is definitely long-term vision for both the project and the token and with a deflationary token economy, you should definitely have benefits as a holder and supporter.
Muhammet AKDAŞ:
What is the minimum amount of YVS that we must purchase in order to participate in your pre-sale? is there a maximum amount too?
elessar @yvs:
Minimum amount is 1ETH and maximum is 50ETH. We also offer daily bonus for investors so faster you buy - more YVS you get.
Dotun:
What is the hottest advantages of YVS that makes you ahead in the market ?
elessar @yvs:
No admin control over contracts, audits done by Hacken before platform launch, everything is pre-programmed - No rugpulls or scams possible.
Ari:
Talking in cybersecurity terms, what are the benfits of your partnership with HACKEN?
elessar @yvs:
Hacken is one of the top auditing firms on the market. By partnering with them we increase security of our code and by providing third party opinion over our platform we show investors how secure our platform is.
∆ch N∆ch∆👌:
YVS Finance recently partnered with Just Liquidity. What were the reasons for this merger? How will Just Liquidity help improve and meet the goals YVS has set for itself?
@Elessar19101
elessar @yvs:
JustLiquidity is a renowned name in the blockchain industry, which provides many services to both normal users and emerging projects themselves. We will be using their services to connect to BSC in the future to provide cross-chain liquidity and also locking all remaining project tokens in their protocol for ultimate security.
This will be a huge benefit for us as it will show we have no bad intentions with the project funds and they will only be used for specific purposes such as exchange listings in the future, promotions, marketing campaigns etc. By locking our tokens with them, the community has a 10 day vesting period to see all transfers and to ask why these transfers are happening, which will be publicly stated.
Lee:
Currently, projects yield farming scam is coming up like mushrooms.
What makes investors believe in YVS Finance?
What is the difference of YVS Finance compared to other yield farming projects?
@Elessar19101 @yvsfinance_lucas
elessar @yvs:
There are really a lot of DeFi projects coming up everyday. That is why we focused our project on security and to give our investors trust in us. Maybe we can help whole DeFi sector by providing secure, professional, transparent project.
→ BILL FATA ←:
There are so many projects that only occasionally "die en route, traumatizing investors with new projects." My question is, how can the $ YVS project survive, continue to grow & in what ways do you convince investors that this project is very valuable?
@Elessar19101
elessar @yvs:
We will decrease selling pressure by providing locking periods and rewarding our investors to hold YVS tokens for longer periods. We have burn rate which will help with token inflation and we will also be offering VIP private pools which investors will use to earn even more passive income.
MORE DETAIL ABOUT YVS Finance
🌎 Website
📃 Whitepaper
📱Twitter
📢 Telegram
📢 Channel
🗄 Repository
