Evrynet x Im Community AMA Recap
đ TELEGRAM AMA: Im Community & Evrynet đ
â° AMA Timing : 27 August 2021 l 03:00 PM UTC l 22:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 200 USDT
Bà Tân | : Welcome @Korapata from Evrynet.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Evrynet.
Bà Tân | : Today our guest is: @Korapata from Evrynet.
Bà Tân | : Please introduce yourself a bit: @Korapata.
Pat Arunanondchai : Hi everyone! You can call me Pat. Iâm the project lead for Evrynet
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 Evrynet
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1430803679666348033).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁTelegram Global (https://t.me/evrynet)
đŁTelegram Vietnam group (https://t.me/evryvietnam)
đŁTwitter EvryNetwork (https://twitter.com/EvryNetwork)
đMore information about Evrynet :
đŁWebsite (https://evrynet.io/)
đŁMedium Global (https://medium.com/@evrynet)
BĂ Tân | : Donât forget to join the group https://t.me/evrynet ,https://t.me/evryvietnam
Bà Tân | : Start session 1 AMA @Korapata
Bà Tân | : Question1. So what is Evrynet all about? What got the project started?
Pat Arunanondchai : Evrynet originated as a passion project of the co-founders Chatchaval and Tridbodi
While focused on developing a layer 2 global remittance and payments network, they saw a need for an open-source platform to provide financial services and products catering for the unbanked/underbanked, and thus Evrynet â the Defi network for âEvryoneâ to build financial products and services on was created
BĂ Tân | : Question2. Whatâs Evrynetâs Vision?
Pat Arunanondchai : Evrynet aims to be the CeDeFi financial platform for Southeast Asia. It will provide interoperable CeDeFi building blocks for other projects and developers to build decentralised financial applications on
BĂ Tân | : Question3. Whatâs the teamâs background? Who are some of the core team members?
Pat Arunanondchai : Given the scale of the vision, Evrynet has recruited a core team dedicated to delivering Evrynetâs vision
We are also fortunate to have access to many talented resources who work within the founderâs other companies which all share the same vision of financial inclusivity, just in different financial domains, but we can share more on that in a later AMA!
In regards to the team, we came from a diverse set of backgrounds in investment, technology development, and operations especially in micro-finance platforms in SEA. All are experienced working with large institutions and financial services companies
Leading the product development we have:
- Korapat (entrepreneur and ex-VC),
- Suvicha (head of innovation, solution, and enterprise architecture at major bank in Thailand),
- Chatchai (technical team management and blockchain solution architect at leading corporate and financial institutions)
On the business side we have:
- Soon (founded and worked at several micro-finance startups in Asia);
- Matana (ex-IB, strategy and planning at a leading property developer);
- Karan (strategy and finance at several leading banks and private credit platforms);
- Athi (ex-VP of payment solution and business innovation at a major bank)
Bà Tân | : Question4. Who are some of the key Advisors & Backers of Evrynet?
Pat Arunanondchai : Evrynet has a strong group of institutional backers both from traditional businesses and from crypto
Some of these companies include CP Group (TH), Hanwha Group (KR), 7Bank (JP), Unipresident (TW), UOB, Wanshiang/Hashkey, Du Capital, Signum Capital, Stellar, Kyber Networks, and Lightnet
This support has been in many forms, for example, we jointly developed Evrynet with Kyber Network and Stellar and Signum Capital lead our private investor round
We have some very passionate advisors amongst them including Loi from Kyber, Jon from Signum Capital, David Mazieres from Stellar Development Foundation, and Professor Robert Townsend from MIT. We have a lot of enthusiastic supporters who are excited for our project!
Bà Tân | : Question5. So I can see in the whitepaper you talk about Evry.Finance. What is that?
Pat Arunanondchai : This is our flagship DApp that weâve developed as a use case for Evrynet
It aims to support institutional investors who want to participate in DeFi by providing features that would address a need of institutional investors
These features include a multi-sig wallet, compliance section/report, combination of orderbook and AMM/DMM, and providing a variety of liquidity pool products with different maturity and yields
BĂ Tân | : Question 6. This sounds very familiar in todayâs DeFi space, whatâs so different about Evry.Finance?
Pat Arunanondchai : Thanks to Stellarâs involvement, we will have the first XLM paired liquidity pools in the market
We will have AMM/DMM feature with Order Book and incorporate the ability to bridge real world assets to DeFi to provide a more long-term and stable yield products which institutional investors, as well as retail investors, can enjoy
Currently weâre working with a few additional use cases which weâll announce at a later date, but are equally as exciting!
BĂ Tân | : Question 7. Whatâs coming up in Evrynetâs Product Roadmap that youâd like to highlight?
Pat Arunanondchai : Evrynet 2.0 has been deployed into Testnet but we are waiting to complete development of a critical product, Evryhub, before we launch that with the community.Mainnet is scheduled for early 2022. In Sep/Oct, we will launch Evryhub, together with Evry.Finance supporting BSC. Users will be able to exchange, stake tokens through a variety of liquidity pools and earn reward tokens
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/1430803679666348033).
Bà Tân | : Question1. @Maccaao
You have recently developed your first DApp called #EvryFinance. What are some key problems that EvryFinance, your first DApp, solves in order to encourage institutional investors to participate in DeFi? What benefits will #EvryFinance users get and what new features will we see?
Pat Arunanondchai : For institutional investors looking to get into DeFi, there is currently a lack of infrastructure such as adequate fiat on/off ramps, enterprise smart contracts, etc
Evry.finance is designed to help institutional users participate into the DeFi space, enabling them to have access to better yields, products and even functionality and features
These features include a multi-sig wallet, compliance section/report, combination of orderbook and AMM/DMM and providing a variety of yield products with different maturity and yield
Ahrix : @Korapata Please say âDoneâ when you have finished the question, thank you.
ok will do
done
Bà Tân | : Question2. @Samanth8a
It catches my attention that many projects see CeFi as a real problem, wanting to eliminate it completely, while others like EvryNet think that they have features that are necessary, so it depends on the point of view if CeFi is needed or not? or is it really necessary?
Pat Arunanondchai : From a regulatory perspective CeFI is necessary and we feel it wonât be going away anytime soon. Even if there was a point where we could work in a purely Defi world, there would still be a need to transition between the two, so we are future proof for that
done
Bà Tân | : Question3. @Robiiiinso
One of the products that you will develop in Q4 is Evryhub, so could you explain what it will be about? How useful and important will it be for your ecosystem in general?
Pat Arunanondchai : Evryhub is a cross-chain enabling service which will support ERC-20, BEP-20, and Stellar native coin XLM. Users will be able to seamlessly move their assets between Ethereum, Binance Smart Chain and Stellar. We believe this interoperability will help attract new users and enhance user experience in DeFi
done
Bà Tân | : Question4.@jerryevaan
I read that Evrynet will support cross-chain transactions between BSC, Ethereum, and Stellar, can you tell us more about this? Why did you decide to start with this three chains, specially Stellar that isnât so popular? Will you add cross-chain support with other chains later on?
Pat Arunanondchai : Ethereum and Binance Smart Chain are two of the most popular DeFi chains right now. We feel that Stellar has a lot of untapped potential so weâre excited to see what bringing XLM to the DeFi world would bring. We definitely plan to support more chains in the future. Weâll provide further details at a later date
done
Bà Tân | : Question5.@LoLiBB9
Iâm curious about the name âEvryNetâ . Why did you choose this name? Can you explain to everyone the meaning behind of the name âEvryNetâ ?
Pat Arunanondchai : Evrynet stands for âEverybodyâs Networkâ. When our founders started Evrynet, they saw a need for an open-source platform to provide financial services and products catering for the unbanked/underbanked. Using blockchain technology, they wanted to create a platform to improve financial inclusion for everyone
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)
đŁTelegram Global (https://t.me/evrynet)
đŁTelegram Vietnam group (https://t.me/evryvietnam)
đŁTwitter EvryNetwork (https://twitter.com/EvryNetwork)
đMore information about Evrynet :
đŁWebsite (https://evrynet.io/)
đŁMedium Global (https://medium.com/@evrynet)
BĂ Tân | : Donât forget to join the group https://t.me/evrynet , https://t.me/evryvietnam
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : @Korapata Pick the 5 best questions and answer it for session 3.
Q1. One of the points that is crucial for the adoption and massification of your project is to be simple, therefore I would like to know how optimized the work processes are so that the Platform is truly simple to use for users?
Pat Arunanondchai : The system for creating smart contract will not require detailed technical knowledge. We will also be provide simple to use templates for anyone to create any number of financial products or services, all through a simple interface.
Q2. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Pat Arunanondchai : As per the roadmap article published on our Medium (https://medium.com/@evrynet/evrynet-some-roads-arent-meant-to-be-travelled-alone-868ad8d642b0), Evrynet 2.0, Evryscan 2.0, Evryhub 2.0 will be release on testnet towards the end of September. We will be opening to the public shortly after that. Evry.Finance will be ready to use by the end of September. We will make it available to the public shortly after that
Q3. I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?Is Your project a Global project ?
Pat Arunanondchai : Definitely! weâre excited to see what the community can create. We will likely hold a Hackathon towards the end of the year
Q4.Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?
Pat Arunanondchai : As a result of the Polynetwork exploit, we have ensured that weâve secured audit time with several of the worlds leading crypto security audit firms!
Q5. Many projects gets abandoned due to low fund and weak experienced team , what are the strengths and weakness of your project?
Pat Arunanondchai : Weâve already secured through a private placement round from institutional investors lead by Signum Capital in the USD 8 figure range. Weâre also backed by many leading companies which would help us execute our vision. As with many other projects, weâre always looking out for more talent to join our team! The reason why this is a weakness is because weâre looking to add many things to the 3.0 release. Itâs always good to have more people contribute to build the products in our roadmap
Bà Tân | : Thanks for the useful information from @Korapata
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @evrynet for answers.
Bà Tân | : IM Community, if you would like to know more about Evrynet ! here are some useful links for you:
Official Website: https://evrynet.io
Twitter: https://twitter.com/EvryNetwork
Telegram: https://t.me/evrynet
Medium: https://medium.com/@evrynet
Bà Tân | : Allright, I declare the Im Community AMA with Evrynet has ended.
Thanks to @Korapata | Evrynet joined us and provided us with Evrynet information, we hope that this knowledge makes us understand more about https://evrynet.io (https://evrynet.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
Pat Arunanondchai : sorry we wonât be able to answer everyoneâs questions. Weâll try to get a medium post out to answer some of these questions in the next few weeks so please keep an eye on and follow us https://linktr.ee/evrynet
