NewB.Farm x Im Community AMA Recap

🐋 TELEGRAM AMA: Im Community & NewB.Farm 🐋
⏰ AMA Timing : 22 September 2021 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100 USDT
Bà Tân | : Welcome @Adam_Newb, @NewB_Don from NewB.Farm.

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

Bà Tân | : Today our guest is: @Adam_Newb, @NewB_Don from NewB.Farm.

Adam Y : Thank you so much!

Bà Tân | : Can you introduce yourself to our Im Community?

Adam Y : Hello Everyone, I’m Adam from Newb.Farm. I’m CEO and Co-Founder.

Don L : Hi all, Im Don L, CTO and co-founder of NewB.Farm

Adam Y : DONE.

Bà Tân | : Thanks for the introduction from the NewB.Farm team.

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 NewB.Farm

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1439808771019001859).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected. ( Held at telegram group https://t.me/newbfarm_vn. )

Bà Tân | : Requirements:

🗣Im Community (https://t.me/imcommunityitw)

🗣NewB.Farm (https://t.me/newbfarm)

🗣Twitter NewB.Farm (https://twitter.com/newbfarm)

👉More information about NewB.Farm :

🗣Website (https://www.newb.farm/#/home)

🗣Discord (https://discord.com/invite/newbfarm)

Bà Tân | : Start session 1 AMA @Adam_Newb, @NewB_Don.

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

Adam Y : Newb.Farm is a yield farming aggregator platform running on Binance Smart Chain (BSC) that was launched on the 17th of May 2021. NewB.Farm yield farm currently has 15 communities around the world with over 22,000 members in community groups. — We have reached approximate $20 Million TVL in less than 4 months.

Oue team maainly from Europe & Asia, we are involved in Cyryptcurrencies related field sinec 2017, and now we have moved our preference into Decentralized Finance, Defi in its abbreviated form, enables the deployment of traditional finance product like lending, staking & borrowings using smart contracts that are permissionless and trustless.

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

Adam Y : Thousands of crypto enthusiasts have taken advantage of these opportunities to multiply their capital and earn substantial profits. However, the DeFi sector, particularly Yield Farming, is still in its early stages, and most DeFi platforms today come across as complicated for people who aren’t crypto-savvy or as NewB likes to call them, “newbies”.

This means that thousands of potentials yield farmers are excluded from these earning opportunities solely because of technical complexity. as a results, a new breed of next generation Defi platforms is springing up that seeks to bridge the gap and NewB.Farm is leading this trend.

Newb.Farm is to bring more users around the world to expand their understanding on Defi and to educate them that Defi is not as complicated as it seems.

DONE

Bà Tân | : Question2. What are the services that NewB.Farm provides to users? What features does it have?

Adam Y : Currently, our core service is yield farming and/or liquidity mining via our vaults on our platform. To date, we have a total of 14 active vaults.

More products will be launched in the very near future, so stay tuned.

When you deposit in our vaults, not only you will get return of the deposited coin/token, but you will also get additional rewards in form of NewB!

its double staking for triple rewards that include NewB Token!

www.newb.farm

DONE

Bà Tân | : Question3. Benefits that users receive when becoming a Farmer on NewB.Farm?

Adam Y : NewB.Farm has launched an affiliate campaign called Share N’ Thrive that incentivizes community members that actively promote the yield farming platform. with the affiliate program, we alocated up to 3% rewards….

DONE

Bà Tân | : Question4. What role does the $NEWB token play in your ecosystem? What are the benefits of long-term holding?

Adam Y : The target role for NewB tokens is to be a full governance token in the NewB ecosystem.

This is where users/hodlers can participate in policy making process in NewB governance. Also, at the same time, receiving profit shares and/or interest from every product in the ecosystem.

As for the benefits, NewB initial price start was $90/ token, we believed that NewB price will accelerates around $170-$200, Market tremendous support have MOON NEWB price to $260-$270.

https://dex.guru/token/0x545f90dc35ca1e6129f1fed354b3e2df12034261-bsc (https://dex.guru/token/0x545f90dc35ca1e6129f1fed354b3e2df12034261-bsc%22%20%5Co%20%22https://dex.guru/token/0x545f90dc35ca1e6129f1fed354b3e2df12034261-bsc%22%20%5Ct%20%22https://web.telegram.org/z/_blank)

DONE.

DONE…

Bà Tân | : Question5. What is NewB.Farm plans for this year?

Adam Y : @NewB_Don you get this?

Don L : sure!

I think NFT needs no introduction in terms of growth opportunities. As such, one of our many exciting developments include NewB NFT marketplace. This is a place where NFT lovers can mint, list and auction NFTs.

The asset collections being launched are primed to be crowd-favourites given a variety of reasons that can’t be disclosed yet.

In parallel, the platform will also continue introducing new vaults & staking pools for liquidity providers to maximize their capital. There are also plans to have NewB token listed on more exchanges, thereby expanding its ecosystem even more.

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/1439808771019001859).

Bà Tân | : Question1. NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi. @monirha07589232

Adam Y : I’l take it

NFT really has taken the crypto space by storm! NewB.Farm has already development plans for NFT in its pipeline and we will be developing some interesting products in the very near future.

Being a yield Optimizers, NewB.Farm will definately integrate NFTs with DeFi. however for more on this, you would have to stay tuned and wait for our updates on twitter / telegrams.

DONE

Bà Tân | : Question2. Revenue and profit are important factors to maintain and develop the project. So what is NewB Farm revenue generation model? @manivasagan4444

Adam Y : NewB’s revenue comes from farmers’ harvesting 15% of vults fees and 0.2% of withdrawal fees, So the NewB platform will enable farmers to recweive more benefits.

The platform will also have better profit margins to create more Defi products suitable for the economic needs of each country, in order to achieve a win — Win profit model for all.

Vault fees on vaults user profit are use to perform market buy backs and these NEWB are burnt our of supply forever in the near future.

you can refer to our link : https://newb.gitbook.io/newbfarm/

DONE

Bà Tân | : Question3. The main problem with yield farming is the impermanent loss, which occurs when you provide liquidity to a liquidity pool, and the price of the deposited assets changes with respect to the moment you made the deposit. Does NewB Farm have any measures greatly diminish this factor? @Lidiamga

Adam Y : @NewB_Don your turn to take up man

Don L : ok

That’s a great question. Let me start by saying that impermanent loss (“IL”) have always existed, even in traditional financial markets. Therefore, it is not that different in the DeFi space.

As a rule of thumb, users are always urged to equip themselves with the relevant knowledge and know-hows before venturing into this space, especially the basics.

Since IL is usually unavoidable due to market forces (supply and demand), we at NewB.Farm have deployed a range of strategies to mitigate the effects of IL.

The following are some of the strategies: -

(1) NewB.Farm regularly publishes articles educating users on DeFi and conducts weekly online seminars for users to participate and learn more about the benefits and risks/rewards of DeFi.

(2) The team at NewB.Farm constantly vets and shortlists projects that fits our requirements and strategies. We do this to avoid liquidity pools that are risky and hyper-volatile. A liquidity pool which is hyper-volatile has a greater effect of IL.

(3) There are also stablecoin pairings in NewB.Farm. This might be the best strategy for users to avoid or mitigate the effects of IL. In a bull market, it might not be ideal to provide for these types of pools as users might not yield potentially exponential returns (after all, the value of stablecoins are always pegged to the value of traditional currencies). In a bear market however, users can opt for these pools as IL is minimal while still earning at the same time.

In conclusion, users are also encouraged to employ their own strategies. Losses only become “permanent” when users withdraw their liquidity. If it is within the users’ strategy, just HODL.

Lastly, always DYOR before deciding to provide liquidity for the pool of choice. The above is not financial advice.

Done.

Bà Tân | : Question4. Which market is NewB focusing on developing? How do you assess the development potential in the Vietnamese market? Does the team have plans to develop in the Vietnamese market? @mac_sip

Adam Y : NewB has limitless reach to the global market. NewB moves forward via our global community. From ordinary families to companies, NewB plays a very important role. The Vietnamese market definitely has huge potential in terms of developing ourselves there.

Data already shows that there are already 660 million US dollar in circulation in cryptocurrency in Vietnam alone as well the highest amount of users and adoption rate suth east Asia.

with that NewB definitely looks into broadening our horizons and developing our community in vietnam.

DONE!

Bà Tân | : Question5. Marketing is a very important issue for every project. It can be said that Marketing is the key to the success of the project. So what marketing strategy does NewB have to attract more users? @TUyn03668561

Adam Y : NewB.Farm introduces the latest breakthrough in the digital age of finance which is Defi and with that, we look to broaden our horizons by being the pioneer in this digital age. we strongly believe that staking will replace “FIXED DEPOSIT” introduced by centralized instituitons. we will further enchance this by introducing more staking pools which will provide higher returns and security within our platform to provide a more diversified and high yield staking platform. Furthermore, we are also able to provide financial services to all groups of entities from individuals/ families

to small medium enterprises all the way to Multi national companies either in finncial aid/ recovery ranging from household expenses to business expenditures.

DONE

Bà Tân | : Congratulations to the winners of session 2.

@monirha07589232

@manivasagan4444

@Lidiamga

@mac_sip

@TUyn03668561

Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Adam_Newb, @NewB_Don 😃

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 | : Live questions in https://t.me/newbfarm_vn please join hurry up and post your questions guy

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

Q1. Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?

Adam Y : you can buy our token from ApeSwap / PancakeSwap.

THIS is our contract address: 0x545f90dc35ca1e6129f1fed354b3e2df12034261

Buy here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x545f90dc35ca1e6129f1fed354b3e2df12034261

👆

Q2. Staking programme is very important for any project, Can i stake your token? Do you have any plan of starting staking programme? @Adam_Newb

Adam Y : Hi ! YES You can stake NewB token. Currently our pair NEWB — BNB (ApeSwap) is offering approximately (APY — 388%++).

Now is BEST TIME to stake into NEWB.FARM! Shopping month. 😊

Q3. What are your security measures in place from hacks and bugs in smart contracts? Have you done any audit to make your smart contract secure?

Don L : Hi, yes we do understand the concern regarding this.

Firstly, as DeFi is rapidly growing, we always urge users of DeFi to be vigilant and practice good diligence when interacting in this space. Always DYOR!

Our team do have in place proper safeguards and procedures before launching or introducing new features or products on NewB.Farm. We also ensure that all security measures are covered (including vigorous stress test) and we will optimize it for the best user experience.

Lastly, yes our smart contracts and codes are audited by external parties, all of which could be found on our info page.

Q4. Can you provide the project roadmap and tell us a little about your plans for 2021 and your plans for next year 2022?

Adam Y : 4th Quater 2021

- Launching NFT products

- Crosschain Capability

1st Quater 2022

- Posiblities of Lending and borrowing protocols.

2nd Quater — 4th Quater

- To be Reveal SOON. Stay on our Twitter / Telegram. 👍

Q5. Which chain are you using for your native token and do you plan integrate to BSC,POLKADOT in the future?

Don L : Hi, thank you for your question.

Our native token is initially launched on Binance Smart Chain (BSC) due to its affordability, ease of use and scalability.

We also do have in our development pipeline for cross chain capability, targeting to be launched on chains like Polkadot, Polygon, Avalanche, etc.

To hear the latest on NewB’s development, please stay tuned!

Bà Tân | : Thanks for the useful information from @Adam_Newb, @NewB_Don.

Bà Tân | : End of session 3

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

Adam Y : Thank you so much for helping and hosting us

Adam Y : appreciate it

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

Official Website: https://www.newb.farm/#/home

Twitter: https://twitter.com/newbfarm

Telegram: https://t.me/newbfarm

https://t.me/newbfarm_cn

Gitbook: https://newb.gitbook.io/newbfarm/

Medium: https://medium.com/@newbfarm

Discord: https://discord.com/invite/newbfarm

Instagram: https://www.instagram.com/newb.farm/

Don L : Thank you for hosting!

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

Thanks to @Adam_Newb, @NewB_Don | NewB.Farm joined us and provided us with NewB.Farm information, we hope that this knowledge makes us understand more about https://www.newb.farm/#/home

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

Bà Tân | : Thanks @Adam_Newb, @NewB_Don for joining the AMA today. Have a good day.