Vox Finance AMA Recap Together With Luka And Jure

Vox Finance is a decentralized finance (DeFi) project developed by an independent team of developers, seeking to bring an innovative approach to the new emerging market by providing high-quality and profitable services while relying on the voice of the people to bring in community engagement to the underlying protocol

The AMA Session had 3 Segments:

  • Introduction / Questions from The HODLer Gang Team

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Segment 1: Introduction / Questions from The HODLer Gang Team

HG Ren:
Can you please introduce yourself to the community and give us an introduction on VOX Finance?

Luka @ Vox Finance:
My name is Luka and I’m the lead blockchain developer at Vox Finance. I have a background in finance and money, where I’ve worked for financial institutions in the last few years as a smart contracts programmer, where we’ve worked on bringing traditional financial products on the blockchain. Otherwise, I’ve been a crypto-enthusiast since 2016 when I started with a crypto mining farm. We teamed up with my colleague Jure to create something new in the DeFi space.

Jure @ Vox Finance:
I am the software engineer at Vox Finance. I’ve been working in several well known firms across Europe and I am mostly into web and mobile development. For the past 2 years I worked as an Automated testing engineer. I came into the crypto world in 2015 with a small bitcoin investment and later on I had a small mining farm. I fell in love with crypto and now I am trying to contribute to it as much as I can. I think we are still early and there is a huge potential to grow.. I’ve known Luka since I was a child and creating something for you alongside him is fulfilling.

Luka @ Vox Finance:
Our project is about bringing a professional and clean approach to yield-farming, staking and other DeFi features. We’re a project focused on the community and engagement with our members. We want to bring the best possible DeFi platform to the masses with good tokenomics, community governance and interesting products (such as our private staking pools). :)

Done ✅

HG Ren:
Thank you for sharing your background and brief introduction about VOX Finance.

For my next question, What are the products you can offer to the community?

Luka @ Vox Finance:
The products that we offer right now are yield-farming, staking and our exclusive private staking pools. The end of this week we will launch our governance platform where users will be able to vote, propose and discuss changes to the protocol.

In addition to that we're building a vaults system and a stablecoin platform that will pay out to our investors in safe payments from fees and rewards

Done ✅

HG Ren:
Vox Finance becomes the talk of the town for the past days and you’re even trending on Coingecko! 🔥

Congrats to your team!

craziest @ Vox Finance:
Yes, we're very lucky to be here where we are and we hope to bring even more exciting things to the community!

HG Ren:
Can you give us more information about your First Emission Cut and First Private Staking Pool.

I read that it's just fresh from release.

Luka @ Vox Finance:
Yes, only 12 hours ago.

So we've lowered the emission (mint rate) by 25,0 % to keep the inflation lower and to create a low circulating supply of tokens.

We've also started our first private staking pool that is only available to VOX stakeholders (people who deposit VOX into the stake pool on our platform) so that they may receive additional rewards.

It's a unique feature of our platform and we'll soon be launching more :)

Done ✅

HG Ren:
Can you share us your TOKENOMICS? What are the Usecases of $VOX Token?

Luka @ Vox Finance:
Of course! Our main strategy to make the VOX token more valuable is the tokenomics model. We’re producing low amounts of VOX tokens on every block. Currently we’re minting around 56 VOX per day. This will be cut by a percentage of around 25,0 % - 45,0 % every 2 weeks to keep inflation going down starting on 01.11.2020 - the next date is 15.11.2020.

We also have a 3,0 % burn rate on all transactions. We're trying to achieve an ecosystem where we can have both minting and burning - effectively always rewarding stakers and yield farmers while keeping a max supply of 4250 tokens.

This means that our circulating supply is always very low and allows for a »stable« price to form. At least that is our experiment and so far it is going good!

Our main use case for the token will be to bring stability to stablecoins with our stablecoin platform which will offer close-to-zero, no slippage swaps. So far we are in the token distribution period.

Done ✅

HG Ren:
Tell us about your plans for 2020, what are you currently working on? Can you share to us your roadmap?

Luka@ Vox Finance:
Of course, here is our roadmap:

We've already done most of the things prior to the planned date and we're on the way to continue with that same speed.

Our main goal for this year is to bring all main functionality online and then with the start of next year bring our entire platform on a mobile app

We're also looking into possibilities to offer our services on other blockchains (such as BSC with our cooperation with JustLiquidity) to offer better services with lower fees and faster transaction times for our users.

Done 👍🏼

Segment 2: Question from Twitter

HG Ren:
Thank you for answering my questions. We will now move to Twitter Questions.

We've selected the best 5 questions from Twitter. Let's start with the 1st Question.

Question #1 from @shihazemr - All tokens go down in price even with great partnerships, hype, marketing, and working products, etc . So, what the challenges are you facing now and the plan to make $VOX strong and popular in crypto world in the next 1 year ?

Luka @ Vox Finance:
We’re aware of the challenges all new tokens face. Of course it is hard to provide new features as fast as the community wants it but I think we’re doing a very good job already.

We've also got a good tokenomics model as mentioned above which greatly helps with the stability of the price.

I believe that we can bring many more interesting features that will continue to bring value to our project

Done 👌🏼

HG Ren:
Question #2 from @Rosanela08 - VOX Finance, to date, isn’t completely community driven, when will the governance of the platform be even more decentralized how much power is going to be given to the community?

Luka @ Vox Finance:
It is not a completely community driven project but it will become more and more dependent on the community. We’re building a system where we can provide users with voting capabilities and capabilities to create proposals to the protocol. However, our wish is not to build a completely decentralized system because this kind of system can have the same dangers as a centralized one - that’s why we’re looking to bring a balance between both. A governance system where only good proposals can be executed and where the developers can keep helping to guide the project in the right direction.

Done 👍🏼 :)

HG Ren:
Question#3 from @kyllamae13 - Is this platform just following the flow of the defi hype? What features of VOX finance do you think will be the most unique that the other defi platform doesn’t have?

Luka @ Vox Finance:
While we started in the same time as many other defi projects, you can already see we are much different from other projects. Low token supply, no presale, no big investors, our token is fairly distributed. That is a very big bonus since the launch.

Something our community can also tell you is that we're very close to our members and we listen to them for guidance and suggestions. We're community driven and we're going to stay that way.

We also believe that our token features will be much different from what there is already today. And unlike most other projects, we will actually provide them.

Done ✅

HG Ren:
Question #4 from @4BracesCP - When will VOX Finance start with Yield Farming (especially as a token with a low initial supply)? How do you prevent hyperinflation or devaluation of your token?

Luka @ Vox Finance:
Vox Finance is already live with yield-farming since 17.10. and our staking platform is live as well

We prevent hyperinflation with a low minted supply and even lower circulating supply with a burn rate of 3,0 %.

We're going to create a token with a max supply of 4250 tokens in about 6 months which should mean that the value of the token will grow organically

Done 👌🏼

HG Ren:
Question #5 from @Batuhandogus6 - VOX, wants to provide high quality and cost effective services, based on community participation, so what strategies are you using to create and connect with a community that is truly interested in your project?

Jure @ Vox Finance:
We have contributors system set up where everyone contributing to VOX projects are rewarded. We try to be as transparent as possible about everything related to VOX. We are also doing offline and online (video) AMAs to increase community trust towards us.

We try to be as active on social media as possible. Regularly join discussions on telegram or discord and try to help anyone having an issues or a question in general...

Done ✔️

Segment 3: Live AMA

HG Ren:
Luka And Jure please choose the best 5 questions you want to answer.

Goodluck!

Luka @ Vox finance:

Okay, we will start now :)

Community Question 1:

Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Luka @ Vox Finance:

The name of the project comes from the latin phrase "Vox Populi" which means voice of the people and is a testament to our dedication to the community.

We chose it because we want to become a project that is heavily focused on the community and that wants to include the members of the platform to build the financial platform of tomorrow.

Community Question 2:

Is it really healthy for DeFi projects that they are 100% community governed? Wouldn’t it be better to give 50% to the community and 50% to the leaders who have a better vision of the project?

Jure @ Vox Finance:

We are not planning to give full 100% to community. Development team will supervise voting and will discard illogical or silly suggestions . We will try to make a good balance between that.

Community Question 3:

Your Whitepaper talks about VOX tokenomics. But what is the $POPULI tokenomics?

Luka @ Vox Finance:

POPULI is only our governance token and has no tokenomics behind it. It is simply a token which allows you access into the governance platform and private staking pools. It does not have any additional value therefore it is not tradable and should not be traded to prevent unnecessary loses from users.

Community Question 4:

Can you give me 3 reasons why users and investors should hold #VOX in the long-term? What are the benefits your project brings?

Jure @ Vox Finance:

With new features coming almost each week and high passive income you are gaining from staking in our pools along with our professional and transparent approach to the community and project itself I think no other reasons are needed.

Community Question 5:

How many killer features of Your project that makes it ahead of its competitors? Could you tell us 2-3 features ?

Luka @ Vox Finance:

The top 3 killer features of our projects are:

- tokenomics. Low supply economy with both inflationary and deflationary features that can bring long-term value to the token.
- governance. Unique governance model that awards the users of the platform with voting and proposal rights. We also offer private staking pools to our stakeholders for extra benefits.
- community engagement. We believe that we are unique in our approach to the community. We will always focus on the input of the members and we will give you power to shape the protocol.

Done ✔️

— — — — — — — — — — — — — —

Conclusions:

HG Ren:
Thank you for answering the questions from the community!

Do you want to something to add before I open the chat?

Luka @ Vox Finance:
Website | Whitepaper | Twitter | Medium | Telegram

We'd like to thank everyone who came and asked a question and we hope you enjoyed the AMA!

HG Ren:
Also, if you have some announcements feel free to share it to our community!

Luka @ Vox Finance
Thank you @Lorax14 for the organization! :)

We can share the announcement regarding our private staking pool launch

HG Ren:
Thank you Luka And Jure for answering all our questions. Short but sweet. :)

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