Moonpot x Im Community AMA Recap
đ TELEGRAM AMA: Im Community & Moonpot đ
â° AMA Timing : 30 August 2021 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
Bà Tân | : Welcome @realmooncow from Moonpot.
Moon Cow : Thank you for hosting me
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Moonpot.
Bà Tân | : Today our guest is: @realmooncow from Moonpot.
Bà Tân | : Please introduce yourself a bit: @realmooncow.
Moon Cow : Im Moon Cow. The Head of Communications at Beefy Finance.
Beefy created Moonpot and the name comes from wanting to take every saver to the moon, by giving them the chance to win big weekly Jackpots, and earn high APY on their staked deposits.
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 Moonpot
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1431619332476342274).
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)
đŁMoonpot (https://t.me/moonpotdotcom)
đŁMoonpot Alpha News (https://t.me/moonpotdotcom_alpha)
đŁTwitter Moonpot (https://twitter.com/moonpotdotcom)
đMore information about Moonpot :
đŁWebsite (https://moonpot.com/)
đŁDiscord (https://discord.com/invite/8YquFwfw3N)
Bà Tân | : Start session 1 AMA @realmooncow
Moon Cow : Im ready
Bà Tân | : Question1. . Can you briefly describe what is Moonpot? We would like to know more about it and how it works.
Moon Cow : Yes sure
Moonpot is a win-win savings game on Binance Smart Chain powered by Beefy Finance.
Deposit crypto into one of our Moonpots and you automatically gain interest on your assets each day. You are also entered into a weekly prize draw at the same time.
Everyone in each pot is in with a chance of winning big-money Moonpot prizes paid out in crypto.
So how does it work? Put simply, your deposit is your ticket for the prize draw. But even if you donât win you can always get your crypto back with added interest.
So far we have a CAKE Pot that lets people stake CAKE to earn CAKE and the chance to win a weekly prize. Todayâs prize value is $287,000.
And will be drawn very soon
You can still join at play.moonpot.com with your CAKE
Bà Tân | : Question2. What products are Moonpot developing? What are the highlights of the Moonpot project ?
Moon Cow : Moonpot rewards everyone who takes part. The prizes are worth hundreds of thousands of dollars (paid in crypto). Your deposit acts as your entry ticket but is never at risk.
Even if you donât win the Moonpot prize, your deposit will always get bigger thanks to the interest paid on your assets.
Think of Moonpot as a crypto savings account that also enters you into a big-money prize games.
This has meant that in just a few weeks we have got close to $100M TVL and more than 20,000 monthly users.
That has put Moonpot in the top 10 DApps listed by DApp Radar, for Binance Smart Chain already.
We will continue adding more savings games to attract even more users.
Bà Tân | : Question3. What programs does the Moonpot team have to attract users to use your platform? What benefits do they get when they join?
Moon Cow : I think thatâs the same question as before
We could go to the next one
Bà Tân | : Question4. From the perspective of investment how is SweepSteak beneficial to its long term token $POTS holders ?
Moon Cow : Sure
Moonpot has its own token called $POTS, which acts as both a governance token and a revenue-sharing mechanism.
There is a maximum supply of 10,000,000 $POTS to be circulated. By holding $POTS and staking it in our governance pot you will receive a proportional amount of the platformâs revenue.
These rewards are also in $POTS that come from open-market purchases, creating buying pressure on the token. You will also be part of the Ziggyâs Potâs monthly prize draw.
That means that the more savings games we add (so far CAKE and BANANA, but many more coming soon) to Moonpot, the more revenue will go to POTS stakers, and the bigger the prize will be for the exclusive monthly prize for POTS stakers.
So far we already had $161,000 of buy backs and there Iâll be two buy backs this week
Bà Tân | : Question5. What is Moonpot plans for this year?
Moon Cow : Like Beefy Finance, the team who created Moonpot, we like to talk with our actions rather than our words.
That means we will be releasing new products without trying to hype up the crowd before hand.
You can expect many more Pots this year, plus new ways to stake such as stable coins and LP pairs.
Our plan is to become one of the biggest names in DeFi, and we are well on our way to that as weâre already in the top 10 projects on Binance Smart Chain.
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/1431619332476342274).
Bà Tân | : Question1. Staking is the new trend. What staking options are available for Moonpot Token? Are there any incentives for staking? What are the various ways to earn Moonpot token and are there any limits to amount of $POTS I can earn?
@ntPhong2145
Moon Cow : Good question
Yes, there are big incentives for staking POTS. You can currently earn 120% APY for staking POTS on play.moonpot.com and the chance to win a monthly prize exclusively for POTS stakers.
The next prize draw is Wednesday 1 September and the prize is worth more than $850,000 to be split between 10 winners.
You earn more POTS by staking it, but you can also earn by providing liquidity with POTS-BNB and POTS-BUSD via Beefy.Finance. And currently you can earn POTS on PancakeSwap and ApeSwap by staking CAKE or BANANA.
Thereâs a fixed supply of 10,000,000 POTS tokens, but there is no limit to how many of them you can earn and win.
Bà Tân | : Question2. Smart contracts are prone to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you audit it through any of the
@cdng42544243
Moon Cow : Nothing is entirely risk-free. Every decision you take in life carries some element of risk. Even if itâs something as mundane as crossing the street or taking a shower. Accidents happen. So it would be dishonest of us to say there is absolutely zero risk using Moonpot. But what we can say is that Moonpot believes safety is more important than anything else.
Our mission is to help you grow your assets, not lose them. And so Moonpot puts security above all. Assets are deposited in special Certik-audited pots created by the trusted and proven team at Beefy Finance â one of the most reputable projects in the BSC ecosystem. We avoid risky DeFi products and accept lower yields in favor of the security that comes from working with proven blue-chip DeFi savings plans.
You always earn interest and no deductions are taken from your stake for being part of the regularly held prize game.
The only risks we can think of are: (1) if there is a bug or exploit in Moonpotâs smart contracts that can be taken advantage of, or (2) if one of the DeFi products weâre using to earn interest for the platform has a problem or fundamental failure.
Weâve worked hard to reduce these risks by (1a) having our code extensively audited by Certik â a third-party auditing service that specializes in smart contracts, and delivers the most advanced security audits in the crypto industry, (1b) creating a bug bounty with Immunefi and (2) being very cautious about which partners and products we work with to earn interest. Currently thatâs limited to just PancakeSwap â literally the number-one-rated project on Certikâs safety leaderboard. And now ApeSwap
Thatâs a long answer. But we want to give you as much information as possible to be able to make your own risk assessment. As ultimately itâs your money and decision.
BĂ Tân | : Question3. Can you list the outstanding features of âMoonpot â that you think are the strengths that will help âMoonpot â succeed? In the future, will the âMoonpot â token be developed with more utilities?
@Bevis00345011
Moon Cow : We are here to help as many people as possible grow their assets safely while having fun doing so. DeFi and Moonpot offer an alternative to banks â a world where savers are rewarded with growth rather than punished by inflation. We are determined to build a future where saving is enjoyable, profitable, and open. Where crypto interest rates are peopleâs first choice. And where our savings pots and win-win prize game deliver financial freedom to all.
We plan to bring as many people to DeFI as possible. Because decentralization is for everyone.
Moonpot will be come more valuable over time as we add more savings games to the platform. The more savings games, the more revenue for POTS buybacks for stakers.
Bà Tân | : Question4.Your project looks good but it confuses me that there are so many other Blockchain project. What should I pay attention in Your project to give it the importance it deserves? What are your planning to achieve with your project?
@jena32456819
Moon Cow : Well I am biased butâŚ
We think you can pay attention to the innovation of Moonpot. Itâs making savings fun, and it gives people the chance to win big, without spending any money. We plan to be one of the household names of DeFi, and bring more and more people into the space.
Moonpot is very easy to explain to friends, and is a good gateway into crypto for people who might find DeFi confusing or scarey. When we introduce stable coin Pots it will be even easier to show people the benefit of Moonpot, and that will create even more word of mouth growth.
BĂ Tân | : Question5.What characteristics differentiates #MoonPot from other projects & what is the strategy to follow in order to position itself in the market and offer confidence, solidity & profitability in an innovative and creative way & not disappear sooner than desired?â
@Damon333967362
Moon Cow : Another good question
Your deposit into one of our savings pots acts as your entry ticket. In a traditional prize draw your stake is taken from you because the prize money comes from everyoneâs entry fees. But Moonpot is different.
Itâs a win-win savings game.
The assets you deposit are grouped together and used to earn returns from the decentralized financial markets. And so thatâs where the prize money comes from â interest earned by Moonpot through the platformâs savings strategies. Your stake helps create the prize fund, but is never taken from you.
So you play for no loss! This is how itâs possible to be part of a win-win prize game, but not lose any money.
This makes Moonpot unique from every other project out there. You donât lose your money with Moonpot, its like a savings account that gives you the chance to win big. This innovation is the reason we have grown so popular so quickly.
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)
đŁMoonpot (https://t.me/moonpotdotcom)
đŁMoonpot Alpha News (https://t.me/moonpotdotcom_alpha)
đŁTwitter Moonpot (https://twitter.com/moonpotdotcom)
đMore information about Moonpot :
đŁWebsite (https://moonpot.com/)
đŁDiscord (https://discord.com/invite/8YquFwfw3N)
BĂ Tân | : Donât forget to join the group https://t.me/moonpotdotcom
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : @realmooncow Pick the 5 best questions and answer it for session 3.
Moon Cow : Ok, I picked five
Moon Cow : I will reply one by one
Q1. We investors think about how to win quickly. What will be your advantages for holding your token in the long run?
Moon Cow : This is interesting. We know that some people in crypto are quite short term thinkers
But Beefy and Moonpot believe that DeFi is a marathon not a sprint
The POTS token has a sustainable revenue share model built into its tokenomics
That means holding POTS is a good long term option because as the platform grows, then the revenue and prizes you can win as a staker of POTS will increase. The more POTS you have while it is cheap now, the more you will benefit in the long run
Q2. Partners are very important for every project today, may I know which partners you have now? and which partners in the future you will be heading to?
Moon Cow : I will wait for the translation but will answer this one next
We completely agree
Partners are very important for succeeding in defi
Thatâs because it helps to build trust when you work with the most established projects
We already have partnerships with:
SafePal
Yieldwatch
Trust Wallet
PancakeSwap
ApeSwap
And many others
And we teased today that we will soon be working with Coin98
Q3. Which one of these aspects is important for you?
1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Moon Cow : I will reply to this one next
In Order of importance:
3-Building Community Trust
2-Empowering Platform Development
1-Increasing Token Price & Value
4-Expanding Partnership Globally
This is because by making sure we are honest and trustworthy we will continue to grow our users and TVL
We now are in the top 10 of all bsc defi for users even after just a few weeks
The community also helps promote Moonpot to find new users
We have a lot of âcadetsâ who volunteer to promote Moonpot all around the world
After that we will harness that growth by continuing to build the right things, which should increase value and attract more partners
Q4. What is PROJECTâs revenue model? In which ways do you generate revenue/profit?
Moon Cow : This one next
The revenue model of Moonpot is quite simple
10% of all the revenue generated by people staking on Moonpot goes to POTS stakers either through Ziggys Monthly Prizes, apy for staking pots, or treasury
That means the more pots and more tvl the more revenue buy backs for Pots stakers
Last week we bought back $32,000
This week it will be even higher because we added the banana pot
Ok let me find the last question
Yup.
Q5. 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?
Moon Cow : This one from Austin
Yes, Moonpotâs token POTS will be used for governance in the same way that BIFI is used for governance
On Beefy Finance
We will launch this fully in October
POTS holders will be able to make decisions about treasury spending, development direction and how things like the Community Pots are run â such as how many winners, how often there are prize draws etc.
This means the core team will continue to build for one more month according to our original plans and this will put Moonpot in a good position to open up the governance
Weâre looking forward to voting, but in the mean time all your feedback on telegram and discord is noticed
We make our current decisions based on the ideas and wishes of the crowd already
Bà Tân | : Thanks for the useful information from @realmooncow
Bà Tân | : End of session 3
Moon Cow : My pleasure
đJĹhn Lđ : awesome !
For questions that have not been answered today, you can send them to @moonpotdotcom for answers.
đJĹhn Lđ : thank for your time @realmooncow
Bà Tân | : IM Community, if you would like to know more about Moonpot ! here are some useful links for you:
Official Website: https://moonpot.com
Github: https://github.com/moonpotdev
Twitter: https://twitter.com/moonpotdotcom
Telegram: https://t.me/moonpotdotcom
Youtube: https://www.youtube.com/channel/UCCwZh5FBKusmzmT5Q3Yisdg
Discord: https://discord.com/invite/8YquFwfw3N
Bà Tân | : Allright, I declare the Im Community AMA with Moonpot has ended.
Thanks to @realmooncow | Moonpot joined us and provided us with Moonpot information, we hope that this knowledge makes us understand more about https://moonpot.com (https://moonpot.com/)
To the members, thank you for following this event to the end. winners will be announced soon.
