CyberFi AMA Recap Together With Geralt (CyberFi CEO)
On November 5, 2020, The HODLer Gang Community invited Geralt CEO of CyberFi for an AMA session with our Telegram community. Our guest give an overview of the project, its place in the decentralized finance ecosystem and its key features. This recap includes the questions and answers from that session.
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The AMA had 3 Segments:
Segment 1: Introduction / Questions from The HODLer Gang Team
Segment 2: Questions from Twitter
Segment 3: Live AMA
Segment 1: Introduction / Questions from The HODLer Gang Team
HG Ren:
Let’s welcome the CyberFi CEO, @cyberfitechWill you please introduce yourself to the community
Geralt - CyberFi CEO:
My name is Geralt, I’m the CEO at CyberFi.
My background is in startups - edtech and fintech.
I have been in crypto since 2016 and have experience in almost every field of this market. Worked with over 30 crypto companies and managed large teams.
Since 2017 I was involved in development of DeFi solution such as Oracles, Cross-chain Dapps, hybrid exchanges, wallets and many interesting blockchain products. I believe that blockchain x fintech is going to be a huge thing.
CyberFi is an Intelligent DeFi Automation Platform, the product you were looking for but didn’t know it existed.
We take DeFi to the next level changing its natural state of manual configuration to an automation layer.
Through our technology we bring an automation approach to complex events in DeFi, creating possibilities of process automation fused with triggers that launch the automated events scenarios.
HG Ren:
Impressive background. How long have you been in Blockchain Industry?
Geralt - CyberFi CEO:
4 years
HG Ren:
What are the products of CyberFi?
Geralt - CyberFi CEO:
We have different products focused on different sectors of the market.
Trading - automation in facilitation of risk free trading in DeFi.
Automation of Complex Events - LP token managements, yield farming automation and much more
Multichain - cross chain automation that allows users for easy access to products and services on other blockchains
HG Ren:
Your presale will start in a few hours, can you give us more information about it?
Geralt - CyberFi CEO:
Our tokenomics are built with an idea of gradual growth and a community that works with us on making the project great.
Thus we have a 9 week unlock period for all contributors.
Which gives a slow unlock and doesn't bring much sell pressure into the market, we believe that most DeFI projects are only alive for a few weeks because they plan everything to make gainz fast and die quick.
We want to be a long term hold for our community and work to continuously bring benefits to them.
THis works through the governance utility of CFi.
As mentioned before we have a lot of products, but what is most important is versatility and the community will be our strategy decision maker aiding us with priority management. So that we can focus on whats very needed right now.
Say a new DeFi protocol comes out and the community would love to see it automated. They make a proposal and vote on the matter, which can be done fairly quick and we would implement that in a matter of hours/days
done
HG Ren:
Thanks! Very nice initiative.Let's move to the next question
What is the uses of $CFI Token? Can you share us your tokenomics? What is the initial and max supply?
Geralt - CyberFi CEO:
The native CyberFi token — CFi will be used for governance, fees, access to private products, and automation strategies. We are focused on governance as the community will drive product-market fit.
The Token Economics are focused on a gradual increase in circulating supply creating a healthy environment for all contributors.
Supply: 2 400 000 CFi
800 000 CFi — Alpha Round and Cyber Round, lock up 9 weeks, first week 20% unlock, after that 10% unlock weekly.
500 000 CFi — Strategic Partners, 6-month vesting period.
300 000 CFi — Development, locked for 9 weeks, after 5% unlock weekly.
250 000 CFi — Initial Liquidity Team-owned, 20% will be locked on Listing.
300 000 CFi — Marketing and Community Growth.
200 000 CFi — LP and Staking Rewards. Unlock 4 months (25% a month). CFi tokens allocated for additional liquidity and incentives.
50 000 CFi — Transaction Mining Program, 24 weeks unlock period.
done
HG Ren:
Today is your Alpha Round of Presale. Will you conduct more rounds? Or after this sale we will see a listing right after?
Geralt - CyberFi CEO:
We will have the Cyber Round in about a week from now. And have listing straight after that.
done
HG Ren:
What is the presale price for the alpha round?
Geralt - CyberFi CEO:
0.5$ for Alpha and 0.6$ for Cyber
We are also listing at 0.6$
as you can see it's very conservative in terms of rounds and listing, but yields more potential for growth ⚡
HG Ren:
Before moving to our last question for this round, please share to us how we can join your Alpha Presale.
Geralt - CyberFi CEO:
You need to join our announcement channel https://t.me/cyberfi and our chat https://t.me/cyberfi_tech We will post the information soon. Whitelist has been closed so we will announce the results and the next steps in our chat.
HG Ren:
Tell us about your plans for 2020, what are you currently working on? Can you share to us your roadmap?
Geralt - CyberFi CEO:
yes 100%
we have a lot of things planned, the goal is to be fast and efficient - we have the Beta in the pipeline for the next 2 weeks
We've already launched our Alpha Testers Event and in about 14 Days we will launch the Beta Testers Event
CyberFi Announces Launch of "Alpha Testers Event"
CyberFi Alpha is ready and has gone through internal testing so it's time to go further - starting today we are launching the application form to onboard the first 50 testers of our platform.
Small recap - CyberFi is an Intelligent DeFi Automation Platform. In our alpha, we have Automated LP token management, liquidity mining, and yield farming exit strategies essential to DeFi users.
We have capped this event at 50 users because we want to start with a close community of believers and active participants. Additionally, we have prepared many bonuses for Testers that you can check out in the form.
CyberFi invites all active DeFi users to participate, the CyberFi Team will choose the best applications and will start to send out invites in the next few days.
https://forms.gle/nxGm2n7DsFreG4DL6
Above is the link to join
By the end of the year we plan to have a fully functioning platform with v1 and v2 realised. And start onboarding users in mass
Segment 2: Questions from Twitter
HG Ren:
Thank you for introducing CyberFi. We will now move on to Twitter Questions.Let's start with the first question?
Q1. from @Alisha90112
How will CyberFi work when trading? Will it only be possible to do Swap as in uniswap without being able to place a Limit Order? Or do you plan to use a platform like Cexs that allows you to place Limit Orders and even Stop Loss?
Geralt - CyberFi CEO:
great question. we will have limit orders, these orders will act as triggers to launch the trade on one AMM or another. Additionally these triggers are going to go outside of the realm of just price detection but also have the functionality to do more complex calculations like total liquidity supply e.t.c
done
HG Ren:
Q2. from @andrasusin
I saw on your website that CyberFi project development has reached the Alpha stage,
Then when can we fully enjoy this CyberFi platform?
Do you have a beta tester program for us to try out the CyberFi Alpha Stage features before the others?
Geralt - CyberFi CEO:
just going to answer this with the launch of our Alpha Event
CyberFi Announces Launch of "Alpha Testers Event"
CyberFi Alpha is ready and has gone through internal testing so it's time to go further - starting today we are launching the application form to onboard the first 50 testers of our platform.
Small recap - CyberFi is an Intelligent DeFi Automation Platform. In our alpha, we have Automated LP token management, liquidity mining, and yield farming exit strategies essential to DeFi users.
We have capped this event at 50 users because we want to start with a close community of believers and active participants. Additionally, we have prepared many bonuses for Testers that you can check out in the form.
CyberFi invites all active DeFi users to participate, the CyberFi Team will choose the best applications and will start to send out invites in the next few days.
https://forms.gle/nxGm2n7DsFreG4DL6
done
HG Ren:
Q3. from @kyllamae13
Can we expect a big project auditing your platforms/protocols just like Certik to become fully-audited and protected? I cant just trust a platform that is audited by unknown security firm.
Geralt - CyberFi CEO:
this is correct 100%. We will be looking to hire a diverse group of trusted auditors to check CyberFi. I can't say the names but we will work on that later this month in addition to the testers checking it out. 👍
done
HG Ren:
👏👏Q4. from @ahpamsn
CyberFi have a automated DeFi to trading and farming. About it, in a cenary of downtrend and crash of markets the token have mechanisms to reduce the volatility or the team have any other strategy?
Geralt - CyberFi CEO:
I'm assuming this person is talking about our automation products for holders of tokens. If so - our users will have multiple triggers allowing them to see the risk incoming before hand allowing them to exit their positions. If we are talking about CFi - our users will have the same possibilities for CFi. We will have incentive mechanisms to keep holding our LP tokens as well.
HG Ren:
We are now heading to our last question for this part.Q5. from @Humis16
What is your plan for global expansion? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
Geralt - CyberFi CEO:
We are focusing on DeFI users that have experience with yield farming and lending - they are the primary focus for now. We are also planning to make part of our products very user friendly and get the mass market to join
done
Segment 3: Live AMA
Community Q1:
It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make this project sustainable for its development?
Geralt - CyberFi CEO:
I would say the technical aspect is our strong point, I have lot of experience with that and my team is the same. Another thing is that before we got public - I went. out and self-funded the development of the platform. Hopefully that builds trust. And the last thing it’s. obvious that we are tapping into a huge opportunity here and we need to chase it⚡
Community Q2:
Can you explain about PDICS that will mitigate the risks for highly volatile assets ? How a trader can set up a parameter of his trading based of price against time and how PDICS will help in it ?
Geralt - CyberFi CEO:
Omg i just noticed that PDICS doesn’t sound right
price divergence encompasses many different types of price movements - it's not only price going up and down, but it's also the speed of change - different percentage movements. As well as other interesting data feeds like TLV and LP liquidity
good question👍
Community Q3:
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Geralt -CyberFi CEO:
Nice question. Yeah, I’ve been looking at DeFi growing for a while and testing out farming myself. The biggest motivation for me was actually doing everything myself and coming to realize that there is so much work that a user needs to put in while using Metamask in DeFi that we need an automation solution to solve this. That started the process + I got rekt a couple of times on Farming events while I was sleeping so that also fed into the idea that this is wrong and we need something better
Community Q4:
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
Geralt — CyberFi CEO:
i think we are def doing the right thing and solving a large problem. It’s all about risk-mitigation and better UX.
Community Q5:
Every industry is severely affected by the egregious situation of the Covid-19 outbreak. Does it affect the growth of Your Project and its? What are your plans to turn challenges into opportunities for Your Project development???
Geralt - CyberFi CEO:
Not really. But we are all working online, although I’m looking forward to getting back to working at the office. In terms of benefits - we are connecting with a lot of people all over the world that want to join us so that’s really cool.
END of AMA….
