🐋 TELEGRAM AMA: Im Community & FLETA 🐋
⏰ AMA Timing : 06 August 2021 l 10:00 AM UTC l 17:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool $100 USDT
Bà Tân | :
Welcome @FLETAJames from FLETA.

Bà Tân | : Welcome everyone. Today Im Community will host AMA with FLETA.

Bà Tân | : Today our guest is: @FLETAJames from FLETA.

Bà Tân | : Please introduce yourself a bit: @FLETAJames

James Song_FLETA : Hi all! I am James Song, head of business development at Fleta :) Nice to e-meet you all!

Bà Tân | : Thanks for the introduction.

Bà Tân | : Today’s 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 FLETA

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1422743694092890112).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group [FLETA] Official Group (https://t.me/FLETAofficialGroup) , [FLETA] Official Announcement (https://t.me/FLETAofficialannouncement) and IM Community (https://t.me/imcommunityitw) , Channel Im community

(https://t.me/imcommunityit)▫️Follow: Twitter FLETACHAIN (https://twitter.com/fletachain) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐http://fletaconnect.io (http://fletaconnect.io/)

Bà Tân | : Start session 1 AMA @FLETAJames

Bà Tân | : Question1. Could you please give us a simple introduction of FLETA ? What’s the motivation for starting build FLETA? @FLETAJames

James Song_FLETA : We felt like users and DApp developers need a better and faster mainnet platform to use. Tha’s just how we started.

So, we developed own mainnet platform with high performance with low fees. :) We aim to have more usecases on our platform such as Defi, NFTs and etc.

🍀Jőhn L🍀 : Please say “done” when you finish the answer

James Song_FLETA : done!

🍀Jőhn L🍀 : thank you !

Bà Tân | : Question2. What products are the FLETA team developing? @FLETAJames

James Song_FLETA : Fleta officially launched its mainnet on 11th Nov. 2019 and has focused on the commercialization of blockchain technology

On July 2021, we launched Fleta Connect, a Multi-Chain DeFi service. The Fleta Connect is a DeFi service based on Binance Smart Chain. Users can stake their LP tokens and single assets in Fleta Connect and earn $Cherry tokens.

We will soon be launching both Fleta Connect on Polygon and a Fleta Converter which is a bridge-service between chains!

done :)

Bà Tân | : Question3. What role does the $Cherry token play in your ecosystem? @FLETAJames

James Song_FLETA : Cherry plays as a key element in our defi ecosystem.

$Cherry is not limited to one single chain, but it will be on multiple platforms using our cross-chain technology.

Cherry will play as governance token for Fleta defi ecosystem. it will also have other usecases such as NFTs.

If you are into Defi, you probably faced lots of annonymous projects out there. We are running a yield farming finance on BSC now which you can at least trust that there will be no rug pulls in any chance

Ahrix : @FLETAJames Please say “Done” when you have finished the question, thank you.

James Song_FLETA : done!

Bà Tân | : Question4. About FLETA security, how safe and reliable is the FLETA security system? @FLETAJames

James Song_FLETA : over 700 nodes are currently live in our mainnet. observer nodes confirms to make sure there are no double-spending and attacks.

and also for our defi project, Fleta Connect, there are no mint condition except for our yield farming. so we are safe from current unlimited-minting attacks.

done :)

Bà Tân | : Question5. Can you please tell us the current FLETA road map? How far has FLETA been developed at this time? and what will you realize in the future? @FLETAJames

James Song_FLETA : Fleta platform will form a nice ground to allow more DApps to be built on. Our DApps will be on-boarded into our platform and Fleta Connect will expand its chains.

In Q4, we will be launching Fleta-based AMM Dex, which will be essential for Fleta’s tokenomics.

More network integration, Farm launch, AMM Dex would be important roadmap for us!

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/1422743694092890112).

Bà Tân | : Question1. @arianne_juliet

(https://twitter.com/arianne_juliet)How does FLETA enhance the independency & scalability of DApps?

James Song_FLETA : Nice one :)

We developed Multichain Structure for advanced scalability and independence of DApps. With it, an unlimited number of DApps can be operated on Fleta mainnet using sub-chains. Those sub-chains work independently and do not interact with other chains, including the main chain.

Also, Fleta DApps can have their own ecosystem. They don’t have to follow Fleta’s consensus mechanism. Also, thanks to Fleta’s cross-chain technology, Gateway System, DApps can issue their tokens based on other mainnets while operating their services on Fleta mainnet.

That is, DApp developers and operators can build their ecosystem freely on Fleta.


Bà Tân | : Question2.@Nguyenhuybach12

(https://twitter.com/Nguyenhuybach12)Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did Fleta do and plans to do to achieve real world adoption?

James Song_FLETA : You know, to be used by a massive number of people simultaneously, there should be no network congestion. Also, many people, especially Koreans, can’t stand slow services. So, we firstly developed 5 technologies for blockchain services that can be actually used without inconvenience. Our technologies make Fleta achieve a high speed of an average of 7,000 TPS and unlimited scalability. Those technologies are PoF, our consensus algorithm as I mentioned above, multichain structure, level tree, parallel sharding, and block redesign.

and also, we have developed many use cases!

With the support of the South Korean government, Fleta has developed use cases that store medical records on blockchain, making the data highly secured.

Also, Fleta’s DApp Handy is widely used in diverse countries worldwide, and we also plan to build a DEX for our Defi service Fleta Connect and develop our DeFi ecosystem on Fleta’s chain. With our technologies and experiences, we will keep working hard to bring the mass adoption of blockchain technology to our real world.

If you haven’t heard of HandyPick application yet, it’s a play-to-earn type of app that is free to play


Bà Tân | : Question3. @AlexanderDao3

(https://twitter.com/AlexanderDao3)Proof of Stake (PoS) and Proof of Work (PoW)are two common terms in the cryptocurrency market. Why FletaChain chose a new consensus as Proof-of-Formulation network ?

James Song_FLETA : PoF has a lot of benefits. First of all, you must have heard that crypto mining consumes too much energy. So we wanted to build a cost-effective ecosystem. You do not need mining equipment or electrical power when mining Fleta. by just staking Fleta, you can participate in mining, and Fleta’s cloud server operates mining nodes and each individual does not consume electric power.

Also, we wanted to give a chance to all of our miners. Only some people can mine in PoS and PoW, so competition between miners is becoming more serious. Sometimes, people buy expensive mining equipment and consume a lot of energy but earn only a little. However, in Fleta mining, all miners have the same chance of mining and get mining rewards every day, creating a healthy mining ecosystem.

I cannot miss Observer Nodes of PoF. They confirm blocks for real-time and prevent double-spending. They make the whole chain secure and fast, and they are also one of the important reasons we use PoF.

done :)

Bà Tân | : Question4. @MTommat

(https://twitter.com/MTommat)On moving forward through your roadmap, what are your most important next priorities? Does your team have enough fundamental (Funds, Community, ect) to achieve those milestones?

James Song_FLETA : We re-invest our profit to Fleta to move to our next step. We are currently focusing on our Defi service and Fleta Converter. We will use our cross-chain technology to make our service a multichain Defi service. In the 4th quarter, DEX will be opened to broaden our ecosystem. So please be focused on the next phase and upgrades of Fleta Connect!

We can’t miss out #handy being on-boarded to our platform :)


Bà Tân | : End of session 2

Bà Tân | : We’ll 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 | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group [FLETA] Official Group (https://t.me/FLETAofficialGroup) , [FLETA] Official Announcement (https://t.me/FLETAofficialannouncement) and IM Community (https://t.me/imcommunityitw) , Channel Im community

(https://t.me/imcommunityit)▫️Follow: Twitter FLETACHAIN (https://twitter.com/fletachain) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐http://fletaconnect.io (http://fletaconnect.io/)

Bà Tân | : Don’t forget to join the group https://t.me/FLETAofficialGroup

Bà Tân | : Thanks for the questions from the community.

Bà Tân | : @FLETAJames Pick the 5 best questions and answer it for session 3.

James Song_FLETA : hmm..

Q1. What are the advantages of FLETA to compete with competitors of the same side?

James Song_FLETA : I will start with this one

Our main goal is to not compete but inter-operate with other mainnets and platforms.

although, we do have advantages, such as high-speed and low fees with large scalability.

Q2. Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?

James Song_FLETA : This would be my second pick.

if you check our Docs at https://fletaconnect.gitbook.io/fletaconnect/

NFT is also planned.

We are designing a NFT with yield farming model. so it would be interesting for users.

It will also have advertisement-type too!

Q3. in recent years, technologies around the layer 2 blockchain, solutions have developed dramatically. How does FLETA fit into the boom of layer 2 networks? What makes it unique and different from all other platforms of this type?

James Song_FLETA : Layer-2 solution is definitely intersting.

There are lots of scailing projects using roll-ups too.

We are not really seeking to become a layer-2 for any mainnet but, we will secure good interoperability with our cross-chain solution and form our own ecosystem as well

Q4. Trust is very important in business. So, what makes investors, customers and users feel safe when working with FLETA? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?

James Song_FLETA : This is why we are running own Defi service with our names. What we are doing is nothing but building trusts for users and investors.

James Song_FLETA : I get to pick 5 questions right?

Bà Tân | : Yes, 1 more sentence.

Q5. Almost 82% of 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?

James Song_FLETA : both Investors in short-term and long-term are our users.

If you look at public mainnets, it needs time to build it’s own ecosystem. We have a long way to go.

Own AMM Dex, Defi, DApps, Bridge, Goverance and etc. We have already operated since 2018 and we will keep moving on.

Bà Tân | : Thanks for the useful information from @FLETAJames

Bà Tân | : End of session 3

Bà Tân | : For questions that have not been answered today, you can send them to @FLETAofficialGroup for answers.

James Song_FLETA : Thank you guys!

Bà Tân | : IM Community, if you would like to know more about FLETA ! here are some useful links for you:

Official Website: https://www.fletaconnect.io

Twitter: https://twitter.com/fletachain

Telegram: https://t.me/FLETAofficialGroup

Github: https://github.com/fletaio/fletaconnect

Medium: https://medium.com/fleta-first-chain

Bà Tân | : Allright, I declare the Im Community AMA with FLETA has ended.

Thanks to @@FLETAJames | FLETA joined us and provided us with FLETA information, we hope that this knowledge makes us understand more about http://fletaconnect.io (http://fletaconnect.io/)

To the members, thank you for following this event to the end. winners will be announced soon.