KiKi x IM community AMA RECAP
đ TELEGRAM AMA: Im Community & KiKi đ
â° AMA Timing : 27 December 2021 l 12:00 PM UTC l 19:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
âĄď¸ The reward pool for the best 5 questions from Telegram is $50($10 Each) đ¸
âĄď¸ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) đ¸
Bà Tân | : Welcome @LeonSun from KiKi
Bà Tân | : Welcome everyone. Today Im Community will host AMA with KiKi.
Bà Tân | : Today our guest is: @LeonSun from KiKi.
Ahrix : Welcome @LeonSun to the IM community.
Leon : Many thanks for IM Community to organize the AMA.
Bà Tân | : Can you introduce yourself to our Im Community?
Leon : Sure
Leon : I am Leon, the co-founder of KiKi Finance.I has 15-year product development experience.
Leon : Focus on staking product and service for 3 years.
Leon : Before KIKI Finance, I have has established Nodeplus, a service provider full of experience and trust- worthy.
Leon : My team is very experienced in the staking product.
Leon : Kiki finance is an important milestone for decentralized product.
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Todayâs AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1475119381227003904) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Question1. Can you briefly describe what is KiKi ? We would like to know more about it and how it works. @LeonSun
Leon : KiKi Finance is a multichain-aggregated, decentralized, intelligent, open-source Staking protocol for the entire blockchain industry. KiKi Finance is committed to breaking the barrier of public chain, opening more channels for liquidity transactions across public chain, and providing liquidity services to more users.
At the same time, KiKi adopts KIFIN system, which enables automatic transaction and liquidity providers will be rewarded. Everyone could experience low commission, low slip point and efficient DEX platform services. In the future community governance, we will also engage DAO governance to help KiKi capture higher ecological value and build a highly cohesive community consensus.
In the evolution of KiKi Finance, the ultimate goal is to follow the development trend of the current or the concept of the metaverse to the starting point of a new world. KiKiâs Creation of KiKi Metaverse will perfectly link GameFi, NFT and other fields.
Ahrix : @LeonSun Please say âDoneâ when you have finished the question, thank you.
Leon : Done
Bà Tân | : Question2. What are the products KiKi team provides to users? How to make money on your platform? @LeonSun
Leon : KiKi Finance continually aggregate Staking projects with high quality and high yield, to ensure KiKi users obtain $KIKI with high APY.
Except Staking, KiKi Finance also provides high yield liquidity mining pools, to achieve higher APY than ordinary Staking through the combination of Staking + Farm.
Layout of Web3.0 delegates the decision-making power of $KIKI and the general management power to community. Let users with geek spirit to participate in the core content of KiKi.Finance technology development.
Done
Bà Tân | : Question3. What are the economic benefits of the $KIKI token? What are the benefits of long-term holding? @LeonSun
Leon : There is only 100 Million $KIKI max supply.
For stage 1 : $KIKI produced by mining, which
is the income token of Staking. KiKi platform
keep stable high APY through $KiKi
For stage 2:$KIKI is token of DAO governance,
which will be used to vote and establish
innovation fund to invest
In addtional,
under the premise of positive correlation between $KIKI amount & TVL, APY & the income of project invested, buy back strategy ensures that when TVL has not reached scale effect in the early stage, $KIKI amount would not collapse and ensures high APY for users.
Done
Bà Tân | : Question4. Can KiKi team please update some KiKi latest news or major events to attract more users ? @LeonSun
Leon : Our product will be launched soon, and there will be a huge event bonus for new users at the beginning of the launch, such as Collection Event, Genesis Mining Event, etc.
follow our homepage and twitter,We will make announcement with all details soon.
https://twitter.com/KiKi_Finance
Done
Bà Tân | : Question5. What is the development roadmap of the KiKi project at the present time and in the future? @LeonSun
Leon : Present, KiKi Finance released soon
At the same time, high-APR Staking and Yield Farming are launched, and users can obtain $KiKi token rewards by staking and farming.
KiKi will continue to launch attractive staking assets every 1â2 weeks continuously .
Q3 2022, KiKi DAO
KiKi governance tokens can participate in DAO governance.
Users participating in DAO governance will have the opportunity to receive additional rewards and airdrops.
2022 Q4 KiKi Innovation Fund
Establish KiKi Innovation Fund to encourage more potential project to join the KIKI ecosystem.
Q1 KiKi Open Platform in 2023
Create an open staking platform, for a new staking project team to join KiKi by open APIs, and complete the launch process through DAO governance.
Done
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1475119381227003904) (will choose 5 question)
Bà Tân | : Question1. What is KiKi Finance? @LeonSun
Leon : KiKi Finance is a multichain-aggregated, decentralized, intelligent, open-source Staking protocol for the entire blockchain industry. KiKi Finance is committed to breaking the barrier of public chain, opening more channels for liquidity transactions across public chain, and providing liquidity services to more users.
At the same time, KiKi adopts KIFIN system, which enables automatic transaction and liquidity providers will be rewarded. Everyone could experience low commission, low slip point and efficient DEX platform services. In the future community governance, we will also engage DAO governance to help KiKi capture higher ecological value and build a highly cohesive community consensus.
In the evolution of KiKi Finance, the ultimate goal is to follow the development trend of the current or the concept of the metaverse to the starting point of a new world. KiKiâs Creation of KiKi Metaverse will perfectly link GameFi, NFT and other fields.
Done
Bà Tân | : Question2. Why establish KiKi Finance?
Leon : First, letâs analyze the external factors: Staking, Trading, Lending are the 3 pillars of Blockchain network underlying protocol. Nowadays, projects like DEX & Lending are popular, but the lockup mechanism holds back the application of PoS assets in DeFi. At present, staking platforms are mainly centralized, assetâs ownership is inevitably transferred. The leading structure based on DeFi has not yet formed, therefore, what KiKi is doing right now is valuable.
Secondly, we also have internal advantages, such as our team. KiKi team have deep understanding and long experience in Staking and have developed systems for staking
node service, staking projects, mining pools, and investment institutions. We used to manage 50+POS\DPOS\Masternode projects, and maintain more than 5000+ nodes. KiKiâs node operation technology is in the industry leading level. KiKi Operation team has 5 years of experience in operating big mining pools and fully understands the industry and usersâ needs.
Finally, I think the most important thing is the original intention and determination. KiKi team have confidence and we hope to do it well!
Done
Bà Tân | : Question3. What is the scale of Staking market? Why does KiKi Finance focus on Staking?
Leon : Nowadays, due to the relatively high Staking cost and threshold, many users cannot directly participate. Moreover, there are few secure and convenient Staking products directly facing users in the crypto market. The data shows that the market scale of DeFi Staking is $10.5 billion, however, with a penetration rate of only 7%. The future is promising!
Visionary projects have moved towards into the staking market, in the hope of exploring new business in DeFi. KiKi Finance focuses on decentralized Staking, ideally suited to average users, where a link to the corresponding wallet could earn high return. One-click staking, cross-chain asset aggregation and high yield have attracted the attention of a large number of fans.
I want to share how we manage to achieve our objective:
1.The protocol will address the problem of liquidity in Staking by releasing liquidity certificates.
2.Users could operate directly through a wallet address, the assets remain in wallets without transfer of assets, and all transactions taking place on chain.
3.The protocol will distribute mining profits to all users by $KIKI in a fair way through the platformâs original algorithm.
4.The sophisticated designed token economic model will effectively stabilize the return rate of voting at more than 2 times of the ordinary return rate.
5.On-chain mining smart contracts are audited by multiple blockchain security audit companies.
6.The platform has a strict project screening mechanism. After launching DAO, the project screening will be entrusted to the community.
done
Bà Tân | : Question4. Why did you choose Akash as your first partner? How could users stake $AKT on KiKi and earn profit?
Leon : We have already been a node for Akash, now weâre back as a brand new project.
Done
Bà Tân | : Question5.KiKi Finance will firstly launch DOT, AKT Staking, what will be the next staking assets? What is your development plan?
Leon : Cosmos series assets and others with high yield and security will be released in the future, stay tuned!
About development plan:
KiKi wants to do more than Staking. Staking is an entry where we embrace Web3 and DAO. In the KiKi Finance 2.0 era, platform will launch KiKi DAO, a decentralized governance organization. KiKi Team hope that KiKi Finance will be a project jointly managed by the community and will delegate the decision-making power of
$KIKI and the general management power to community. Let users with geek spirit and $KIKI holders to participate in the core content of KiKi Finance technology development. In addition, explorers who hold $KIKI will have a chance to earn more tokens or NFT airdrops. KiKi team will set up KiKi Innovation Fund to look for dark horse PoS projects, make joint decisions with DAO to support more potential projects, provide staking entrance and service, and jointly build the era of DEFI Lego with high yield. KiKi Team will also open up API, allowing more public-chain assets to access KiKi, and building a decentralized Staking platform that is open to all users.
Done
BĂ Tân | : Question6. How to join in KiKi Financeâs Stacking pool? Can you share it with our users?
Leon : Staking is an essential part of the DeFi ecosystem, KiKi is also include staking function, we will show you how to use the staking function in KiKi to earn more profit.
1.Click on Staking at the top of the KiKiâs homepage.
2. Select the token you want to stake and click on Stake.
3. Click on Approve to allow KiKi to connect your wallet.
4. Input the number of token that you want to stake.
5. Click on Approve and allow the transaction in your wallet.
After the transaction has been confirmed by the chainâs network, you will see the staked tokens in your wallet as following. The mining outcome will be displayed on KiKiâs staking page the next day.
Done
Bà Tân | : Question7. Clearly, nowadays Staking is considered as the blue ocean market, then how will KiKi Finance get to the top in this market?
Leon : At present, the development of DeFi is rapid, assets such as basic lending protocol, token exchande service, derivative market, asset management tool, and aggregated financial products, provide more possibilities to DeFi. However, most of the projects still have a very high barrier for newbies to participate.
Therefore, KiKi Finance is committed to providing users with a friendly, secure and convenient product, let more new beginners join in blockchain world.
Decentralize Staking protocol KiKi Finance, allows users stake tokens with one-click, and get k-token certificate. KiKi provides 1:1 k-token for users. Unlike Lido, KiKiâs staking certificate can be traded on other platforms and applied in derivative and lending market.
As for liquidity problem, $KIKI will be provided as liquidity certificate for assets with longer lock-up period. When k-token are endowed with multiple rights and interests, it can be applied in more scenarios. Meanwhile, this will effectlvely address the liquidity problem.
In traditional business model, staking is holding money to earn interest, a little similar to P2P. But the fundamental difference is that interest is not generated in vacuum. On the contrary, it participates in network construction through staking and redistributes the network ownership to people who have involved in maintaing network security.
The main ecological roles are nodes and token holers. Nodes need to meet the hardware threshold, mortgage threshold and so on. Generally speaking, most of the node servers are wallets, mining pools, exchanges, community nodes and investment institutions. Becoming a node will bring block rewards, but also, they are able to do something eveil.
Through KiKi Finance decentralized staking channel, users can directly participate on chian staking, and the tokend are routed directly to the project node (Validator), where strict access is set up, allowing only the required p2p ports. independent security groups are used for management and the security can be promoted by restricting IP address.
Additionally, users oprate KiKi through decentralized wallet addresses, with assets remaining in wallet and no transfer. All the transactions related to staking occur on chain. The private keys require multi-signed and saved offline. The professional technical solution based on zero trust ensures the absolute security of private keys and blocks any potential risk.
There is no denying that centralized staking continues to dominate the market. But decentralized staking, like KiKi Finance, is also superior. Moreover, with the flexible liquidity provided by decentralized staking, it is expected to accupy more market share in the future.
Done
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @LeonSun ���
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
BĂ Tân | : Donât forget to join the group https://t.me/KiKiFinance
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Now letâs give our dear guest @LeonSun some time to go through them.
Bà Tân | : @LeonSun Please choose the best 5 questions and answer it for session 3, Thank you.
Q1. I want to invest to your project. Where i buy your token? Is it available on any exchange?
Leon : KiKi will be available at Uniswap after launch soon
Q2. Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?
Leon : Our smart contract has completed a security audit in Certik, and a white hat hacker organization has helped us review the code too, all of the audit results are passed.
Q3. Does your project support staking program?if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Leon : Users donât need to transfer any assets to kiki finance. Just stake token directly with kiki finance. There is no burning plan for kiki tokens but there is a buy back.
Q4. Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Leon : KiKi will create an open staking platform in the future, for a new staking project team to join KiKi by open APIs, and complete the launch process through DAO governance.
Q5. Do you have any..���
1- Telegram Group
2-YouTube channel
3- Tiktok Channel
4- Website
5- twitter
For this project? From there where can I get the latest information, what social media can I follow to get the latest Your project?? information ঠIdeas������������
Leon : Official Websiteďźhttps://kiki.finance
Contact usďźHello@kiki.finance
Twitter ďźhttps://twitter.com/kiki_finance
Medium ďźhttps://medium.com/@KiKi.Finance
TGďźhttps://t.me/KiKiFinance
Done
Bà Tân | : Thanks for the useful information from @LeonSun
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @KiKiFinance for answers.
Bà Tân | : IM Community, if you would like to know more about KiKi ! here are some useful links for you:
Official Website: https://kiki.finance
Twitter: https://twitter.com/KiKi_Finance
Telegram: https://t.me/KiKiFinance
Github: https://github.com/kikifinance
Medium: https://medium.com/@KiKi.Finance
Bà Tân | : Allright, I declare the Im Community AMA with KiKi has ended.
Thanks to @LeonSun | KiKi joined us and provided us with KiKi information, we hope that this knowledge makes us understand more about https://kiki.finance (https://kiki.finance/)
To the members, thank you for following this event to the end. winners will be announced soon.
