Dopple Finance x Im Community AMA Recap
đ TELEGRAM AMA: Im Community & Dopple Finance đ
â° AMA Timing : 03 September 2021 l 04:00 PM UTC l 23:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
Bà Tân | : Welcome @JDopple @doppleteam from Dopple Finance.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Dopple Finance.
Bà Tân | : Today our guest is: @JDopple @doppleteam from Dopple Finance.
JDopple : Nice to meet you guys here
Bà Tân | : Please introduce yourself a bit: @JDopple @doppleteam.
Dopple Team : Hello, we are from Dopple Finance, the stablecoin exchange! Nice to meet you all
Dopple Team : Dopple finance started as a stablecoin swap on Binance Smart Chain. When we created Dopple, we discovered that all exchanges were using AMMs, which is not suitable with Stablecoins since it cost a lot of fees and unnecessary high slippage.
Dopple Team : As we have worked with stablecoins, we have learned a lot about stablecoins â each with their own advantages and flaws. After that, we stepped in and implemented our own stablecoin, KUSD, to maximize the advantages.
Dopple Team : Thatâs introduction to our project
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Todayâs AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Dopple Finance
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1433411375406071815).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
đŁIm Community (https://t.me/imcommunityitw)
đŁDopple Finance Community (https://t.me/dopplefi)
đŁDopple Finance Announcements (https://t.me/dopplefiAnn)
đŁTwitter Dopple Finance â Stablecoin DeFi (https://twitter.com/dopplefi)
đMore information about Dopple Finance :
đŁWebsite (https://dopple.finance/)
đŁGithub (https://github.com/DoppleFinance/dopple-contract)
Bà Tân | : Start session 1 AMA @JDopple @doppleteam
BĂ Tân | : Question1. Could you please give us a simple introduction of Dopple Finance? Whatâs the motivation for starting build Dopple Finance?
Dopple Team : As we mention, Dopple finance started as a stablecoin swap on Binance Smart Chain. Stablecoins have special traits that need special algorithm to optimize for the best rate.
We are also creating our own coin â KUSD â as we think that there is a better take to make quality stablecoins.
Ahrix : @JDopple @doppleteam Please say âDoneâ when you have finished the question, thank you.
JDopple : Done
Bà Tân | : Question2. What are the advantages of Dopple Finance? What features does it have to attract users?
Dopple Team : As we created Dopple Finance as an entrypoint for new DeFi investors, especially risk-averse people. You can farm stablecoins with low volatility such as impermanent loss while still getting considerable APY and APR. We also have farms with KUSD, our own stablecoin
For traders, you will definitely benefit from low fees from swapping stablecoins. We now have 8 stablecoins that can be swapped, including KUSD, with more in the future. With specialized algorithm and recently released router, we can optimize to give the best rate available.
Done
Bà Tân | : Question3. What role does the $DOPX token play in your ecosystem? What are the benefits of long-term holding?
Dopple Team : $DOPX is used as the currency to mint $KUSD (our stablecoin)
$KUSD is a fractional-algorithmic stablecoin which requires $DOPX and USDC to mint. The ratio between $DOPX:USDC is flexible depending on how well the $KUSD could peg the price.
As our stablecoin usage increases, more $DOPX will be burned from the system, hence decrease the supply and drive the price up.
You could earned $DOPX by farming on our platform
In the future, we aimed to use $DOPX on our next products such as the hyperchain, and more to come.
Done
Bà Tân | : Question4. What are the major milestones Dopple Finance achieved so far & what are in future pipeline ?
Dopple Team : We have reached $1.2B total trading volume on Dopple and $1.5m minted $KUSD even though we have already released it for two weeks.
We aim to expand our partnerships to use $KUSD, as well as using $KUSD for Twindex 2.0, our synthetic assets platform to increase the utility of $KUSD which drive $DOPX price up.
done
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1433411375406071815).
Bà Tân | : Question1. Can you tell us some of the latest achievements made by the Dopple Finance?
Can you describe in detail the current development efforts,such as market expansion plans,expected applications & new upcoming program of events?
Dopple Team : We are proud that our stablecoin, $KUSD, have reached $1.5m value minted and is kept on peg at $1 for 2 weeks since launch.
We have reached $1.2 billion total trading volume on Dopple stablecoin swap.
We also reached 10k token holders for our old token $DOP (now $DOPX). We aim to expand our partnerships to use $KUSD to increase the utility of $KUSD which drive $DOPX price up.
In the light of leveraging fractional-algorithmic strategy, $KUSD is to be the main currency on Twindex â our synthetic assets platform. Twindex will use $KUSD to buy, sell, or even create new synthetic assets using $KUSD and $TWX.
As we will upgrade Twindex to version 2 soon, we aim to attract a lot of investors to trade on our platform with almost no premium or discount.
Done
BĂ Tân | : Question2. Community support is one of the biggest aspects of a projectâs success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
Dopple Team : In order to further validate our fractional-algorithmic strategy, we are expanding our market globally, starting from the Southeast Asia and become the best in the region.
We also understand that a lot of talents and people who are interested in DeFi from Vietnam, so we started from here to drive our goal even further.
We are working hard on getting our contents and our websites translated to several native languages to support more people. We are also in the process of expanding our coverage to Western countries in the future.
Done
Bà Tân | : Question3. What are the full ecosystem tools for future identities and data that #Dopple is creating? With this important data, what areas do you hope to develop and decentralize in the future? What are your plans for this?
Dopple Team : We are building an ecosystem to leverage the future of DeFi by using Fractional-Algorithmic Algorithm as the key strategy.
We created $KUSD, a stablecoin that uses both stablecoin and utility token, which have the benefit of being stable as well as becoming decentralized and flexible according to how the market reacts.
We are creating tAssets, a synthetic asset that use $KUSD as stablecoin and $TWX as utility token with similar benefits to $KUSD itself on Twindex.
In the future, we aim to create more applications to fulfill the current ecosystem such as lending to allow more types of investments apart from stablecoin and stocks token.
Done
Bà Tân | : Question4. What blockchains are your team planning to connect to in the near future to unlock more features and provide customers with access to key DeFi protocols and innovative applications in the blockchain space?
Dopple Team : We have been closely following the trends of evergrowing blockchains. We are doing the research of the possibility.
As of now, we are looking to expand our product on Ethereum and Solana if we have validated to certain extent.
We will continue to look for promising chains we could establish in the future.
Done
Bà Tân | : Question5. Many new users who do not understand how to operate your project, do you provide a website to provide tutorials for running your project? What can we expect to see from your platform in the short-term (at some point in 2021) & 2022?And beyond (long-term goals)?
Dopple Team : We understand that DeFi space is challenging for new users. As for our platform, we continue to publish knowledge sharing articles on a weekly basis on Medium to simply difficult terms in the DeFi world.
Moreover, we are launching Dopple DeFi Academy channel on YouTube very soon as another channel to educate and help onboarding people to DeFi. We will upload more videos as the time goes.
Also, we have a scheduled international AMA in the pipeline to be rolled out soon. If you all are interested, you are welcome to join our telegram group!
For short term goals, we are looking to validate our product by expanding our coverage and implement additional features such as lending platform.
For long term goals, we are looking to improve the user experience even further to help people understand DeFi and our product as well
Done
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁDopple Finance Community (https://t.me/dopplefi)
đŁDopple Finance Announcements (https://t.me/dopplefiAnn)
đŁTwitter Dopple Finance â Stablecoin DeFi (https://twitter.com/dopplefi)
đMore information about Dopple Finance :
đŁWebsite (https://dopple.finance/)
đŁGithub (https://github.com/DoppleFinance/dopple-contract)
BĂ Tân | : Donât forget to join the group: https://t.me/dopplefi
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : @JDopple @doppleteam Pick the 5 best questions and answer it for session 3.
Dopple Team : Thank you for your questions, much appreciated! We are looking to answer the questions.
JDopple : Give us some time, thanks!
Q1. Give me some important reasons why we need to buy Dopple Finance tokens in fact hundreds of projects failed and it went bankrupt or even developers run when they raked in millions/billions moneyââŹÂŚ? Can you explain it to us?
Dopple Team : We are pushing hard to spread the use of $KUSD. And as $DOPX is used to mint $KUSD, we are confident that there will be a lot of $DOPX tokens burned from the system. This would inherently increase the value for $DOPX holders. $DOPX will also be used in the future apart from this mechanism. Please look forward to it.
Q2. Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?
JDopple : Dopple Finance is audited and certified by the worldâs leading auditor called Certik.
Furthermore, since the project has been launched, weâve never had an incident regarding the security issue.
Itâs the most important issue indeed and we are working tremendously hard to add more securities to the platform.
Q3. Can you please tell us the story behind your project name? How did you get inspired to build your project? How do you think this name will affect people?
Dopple Team : Dopple comes from the word Doppelgänger, which is the twin nemesis of the original. We aim to replicate something in the real-world onto DeFi ecosystem and make it even better.
Our stablecoin, $KUSD, stands for Kelly USD. Kelly is the name of the twin astronauts who have gone to the space!
As traditional finance is too slow to transform digitally, we are creating the digital finance platform from the ground up.
Q4. What are the ways that your project generates profit / revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?
Dopple Team : With the structure of how the platform works, we can mutually gain for both investors and the platform.
As the success of $KUSD is to increase its usage, $DOPX will directly benefit the holders as more $DOPX will be burned from the system as $KUSD utility increase
For the platform side, we have the revenue from the minting/redemption of $KUSD token, which will also increase as the trading of $KUSD increases.
Q5. When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future
JDopple : Our legacy $DOP token had been listed on CoinMarketCap (CMC) and Coingecko before.
As we migrated the token to $DOPX, the new token has already been listed on Coingecko within 10 days of launching it, reflects our trustworthiness on the world stage. We are now applying to CMC and many more leading crypto dashboards as well as top-tier exchanges.
Hence, with the emergence of $KUSD, we both could benefit from its utility across the world
Bà Tân | : Thanks for the useful information from @JDopple @doppleteam
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @dopplefi for
answers.
JDopple : We enjoyed it very much, thanks guys
Bà Tân | : IM Community, if you would like to know more about Dopple Finance ! here are some useful links for you:
Official Website: https://dopple.finance
Twitter: https://twitter.com/dopplefi
Telegram: https://t.me/dopplefi
Medium: https://dopple-ecosystem.medium.com
Facebook : https://www.facebook.com/dopplefi/
Github: https://github.com/DoppleFinance/dopple-contract
Dopple Team : Yes, we would appreciate that a lot. Feel free to send us questions over at @dopplefi !
Bà Tân | : Allright, I declare the Im Community AMA with Dopple Finance has ended.
Thanks to @JDopple @doppleteam | Dopple Finance joined us and provided us with Dopple Finance information, we hope that this knowledge makes us understand more about https://dopple.finance (https://dopple.finance/)
To the members, thank you for following this event to the end. winners will be announced soon.
Dopple Team : Thank you for giving us the opportunity to share our proud project to the amazing people!
