We’re pleased to announce our next #AMA with INVERSE
🗓 DATE : 20th May 2021
⏰ TIME : 2 PM UTC
🏠 VENUE : @thecryptostalkers
Guests: Emeka Enu | Germaine Ifudu | Ikay Enu
INTRODUCTION
1.Before we head towards influx of Questions, Our Community will love to know about you, Yourself how long you’ve been in this field?
Germaine Ifudu:
My name is Germaine Ifudu, I am the Co Founder of Project Inverse. Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.
In addition to my role in Project Inverse, I am the co founder of First Kudi, SEFA Foundation, and TLG Ventures. I have over 10 years of experience in Banking, Corporate Finance, IT and Project Management. We initially incubated Ferrum Network, and helped in delivering FRM’s success today.
Jaffer Ejaz || Co-founder Crypto Stalkers:
2: Can you state briefly how inverse works? How its using its utility token $XIV for yield farming?
Emeka Enu:
Hello everyone My name is Emeka I am a the co-founder of TLG and the CEO of First-Kudi and SEFA. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. In 2019, we designed and launched First-Kudi, a crypto-fiat platform for the African Market. My background is in pharmaceuticals. I have always been an entrepreneur by trade and I have always tried to stay at the cutting edge of technological innovations.
Ikay:
My Name is Ikay Enu, I’m a co-founder of TLG and Inverse. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. I’m a physician by trade and I have always tried to stay at the cutting edge of technological innovations.
XIV is a utility token that allows users to earn gains from the movement of other popular coins without having to hold the coins
Users place XIV in tracking vaults that follow the movements of other popular coins and earn gains in the form of XIV from the movement of these coins
Jaffer Ejaz || Co-founder Crypto Stalkers:
3: There are so many Yeild Farming projects nowadays, How inverse is different & unique from others?
Emeka Enu:
We have two kind of the staking. One you receive rewards from the gains and losses and and the other you receive from APY. Our staking period for vaults are 24 hrs, 3 days and 7 days for the tracking vault.
Jaffer Ejaz || Co-founder Crypto Stalkers:
4: Any plans for Inverse to go multi chain? Seriously ETH network costs too much gas fees.
Ikay:
Absolutely! We are currently improving the efficiency of the current platform to lower gas fees. We are building a BSC bridge for XIV and we will be cloning the platform on the Binance Smart Chain in a couple of months. Right now, XIV is on Polygon / Matic and can be traded on Quickswap.
Jaffer Ejaz || Co-founder Crypto Stalkers:
5: Partnerships and integrations are very important for strength of the project, Currently to whim inverse is partnered with?
Ikay:
Great question! To launch our platform, we were partnered with Ferrum Network. We are still partnered with them. We are also partnered with such projects as Rocket Vault, True PNL, Fusible, and Polkabridge among many others. Our partnerships are listed on our website. Through our partners, we launched an NFT called Vault ShIp One which can be purchased on Opensea and allows users to earn APY if the hold it.
TWITTER QUESTIONS
Q6: How do my NFT tokens retain their value over time? Is there a deflation mechanism inside token, such as buyback and incineration? Is there an NFT limit for every object in the project?
Ikay:
We minted a very limited number of NFTs. They retain their value because they are scarce and users who hold them can earn APY in the form of XIV!
Jaffer Ejaz || Co-founder Crypto Stalkers:
Q7: There are some core issues that are common in cryptocurrencies and blockchain, such as security, excessive volatility, and interoperability. How does #INVERSE fix this problem? Will it continue to hinder rapid adoption of a project?
Ikay:
We have an entire security protocol in our WHITEPAPER. Please check it out. We take security extremely seriously. Also, to counter volatility, we also engage in buying back our tokens and encourage users to hold our tokens by offering them APY. With regards to interoperability, we are building a Binance bridge and cloning the platform for BSC.
Jaffer Ejaz || Co-founder Crypto Stalkers:
Q8: How do you think with Asia market?Does your team have any plan approach ASIAN which the potential market in crypto,there have many great teams and investors want work and earn money from crypto?
Ikay:
The ASIAN market is very important to us because this market is very involved in crypto and very forward thinking. This is a huge market that will be very beneficial to our project. We plan to do more advertising towards this market and since our project is DeFi, there are no restrictions for users who wish to utilize the platform.
Jaffer Ejaz || Co-founder Crypto Stalkers:
Q9: Almost investors have just focused on price of token in short term instead of understanding the real value of the project.Can you tell us on motivations and benefits for investors to hold your token in long term?
Ikay:
It is very beneficial for users to hold the token because it is a finite token without a mint function thus it will always be limited. Furthermore, users can earn gains by placing XIV in the platform’s LP and can earn APY.
Finally, XIV is a utility token that is required to operate the platform so it is absolutely Essential.
Jaffer Ejaz || Co-founder Crypto Stalkers:
10: Today in every sector our slogan is “PRIVACY IS OUR RIGHT”. How would your project offer a Blockchain Privacy Protection for users?
Ikay:
Our Project is a DeFi project, thus, users identity is always protected. We pride ourselves on the security of the platform and thus, as DeFI platform, users do not have to reveal their identity.
LIVE AMA QUESTIONS .
Ketty Nisha(Active) Waiting for project😶:
👇
Q.Please, tell us more about your token use cases. What benefits do you suggest?🤷♂️
Ikay:
XIV is a utility token that allows users to earn gains by tracking popular coins on the Inverse platform. Users earn gains in the form of XIV when the coin they are tracking goes up or down based on their anticipated movements.
Aimen Khalid:
Q.COVID 19 has slowed down many economies around the world, but as a cryptocurrency business, has it affected your project negatively or positively?COVID 19 has slowed down many economies around the world, but as a cryptocurrency business, has it affected your project negatively or positively?
Germaine Ifudu:
Great Question. The Project Inverse was forged during this pandemic so we are able to whether any storm. With Project Inverse you can earn 3X XIV daily on the upwards or downward movement of select defi coins
Aimen Khalid:
Q.COVID 19 has slowed down many economies around the world, but as a cryptocurrency business, has it affected your project negatively or positively?
Ikay:
Yes, COVID-19 has affected a lot of projects but ironically has been beneficial to us because while people were at home, people were looking for new projects and platforms to invest in. This helped us and continues help us as we continue to onboard more users!
Yu$ra:
Q.Do you have user manual or short videos that would guide potential users of project to safely navigate your platform?
Ikay:
Yes, we have videos on our YouTube channels that explain the platform. Please check it out.
Ali Gul Balouch:
Q.Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
@gem123451 @Arkayn @Ray0840
Germaine Ifudu:
Sure. On the Inverse Platform we have an LP Program that gives users access to profit sharing, we a a VPP Program that gives XIV holders access to the latest presales, and finally there is the Inverse platform itself where users can earn 3X Daily.
Ibrar Rasheed:
Q.Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
Ikay:
Our platform is totally unique and different from other competitors because it allows users to earn gains from the upward or downward movements of popular coins on the market like UNI, AAVE, LINK, without having to hold these coins. Users place XIV in tracking vaults that track the movements of popular coins and based on these movements, users earn gains (or incur losses) in the form of XIV.
CONCLUSION.
Jaffer Ejaz || Co-founder Crypto Stalkers:
Thanks alot @Arkayn @gem123451 for your precious time .
Guys plz join inverse official group
https://t.me/projectinverse
FOLLOW US :
✔️ Follow Crypto Stalkers Twitter (https://twitter.com/StalkersCrypto)
✔️ Join Crypto Stalkers Telegram (https://t.me/thecryptostalkers)
✔️ Follow INVERSE Twitter (https://twitter.com/inverseproject?s=11)
✔️ Join INVERSE Telegram (https://t.me/ProjectInverse)
ℹ️ INVERSE Info ℹ️
|Website (https://projectinverse.com/)
| Telegram (https://t.me/ProjectInverse)
| Twitter (https://twitter.com/inverseproject?s=11)
| Medium (https://projectinverse.medium.com/)
| Reddit (https://www.reddit.com/u/Projectinverse/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
| Github (https://github.com/Project-Inverse)
| YouTube (https://youtube.com/channel/UCltw6qnghctr268bQJgizSw)
| Channel (https://t.me/Project_Inverse)
| Whitepaper (https://docsend.com/view/avgpqxphp3xb7g6f)
| Team (https://projectinverse.com/team/) |
