🐋 TELEGRAM AMA: Im Community & OpenSky 🐋
⏰ AMA Timing : 12 September 2021 l 12:00 PM UTC l 19:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100 USDT
Bà Tân | :
Welcome @DmitriPro from OpenSky.

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

Bà Tân | : Today our guest is: @DmitriPro from OpenSky.

Dmitri Pro : Hello, thanks for having me. Greetings to Im Community

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

Dmitri Pro : I am in blockchain from 2016, active blockchain contributor in multiple blockchain projects. Business development lead. Marketing strategies design. Influencer to non crypto users. Cofounder of cryptotribe.io, Block Oracle Capital, BD treasureland.market, copuppy, in past marketing for EOS top block producers, early days NEAR contributor, organizer of multiple off chain events, angel investor.

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 OpenSky

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1436359290655154188).

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

Bà Tân | : Requirements:

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

🗣OpenSkyLabs (https://t.me/OpenSkyLabs)

🗣Twitter OpenSky Finance (https://twitter.com/OpenSkyFinance)

👉More information about OpenSky :

🗣Website (https://www.opensky.finance/)

🗣Medium (https://openskyfinance.medium.com/)

🗣Discord (https://discord.com/invite/WDPSHnQbN8)

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

Bà Tân | : Start session 1 AMA @DmitriPro

Bà Tân | : Question1. Can you briefly describe what is OpenSky? We would like to know more about it and how it works.

Dmitri Pro : OpenSky uses cutting-edge bonding curve algorithms to value and trade NFTs with high liquidity which will enable trustless and permissionless lending and auction opportunities to NFT enthusiasts.

For each NFT, a liquidity pool which combines a staked NFT with oTokens is created. As traders buy and sell oTokens with their cryptocurrency, the bonding curve will mathematically determine the exact value of the NFT after each trade. Any NFT can be easily valued by utilizing the ‘Wisdom of the Crowd’.

Once the NFT’s market value has been determined by the oToken traders, the NFT staker can borrow on demand. Trust is not required as the loan is overcollaterized and there is a smart contract to handle the NFT liquidation process to protect the lenders if the NFT value drops below the borrow balance.

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

Dmitri Pro : Done

Bà Tân | : Question2. What products are the OpenSky team developing? How does it benefit the project as well as the user?

Dmitri Pro : We are developing an NFT pricing and lending protocol that will include a bidding function and GameFi elements. We plan to rely on liquidity mining incentives to attract NFT enthusiasts and LPs to our site and hopefully gain long-term product/market fit by solving hard problems in the rapidly-evolving DeFi x NFT space.

Done

Bà Tân | : Question3. How do users participate in the OpenSky NFT Marketplace and what can they do there?

Dmitri Pro : — NFT Staker — Locks NFT into smart contract which initiates a peer-to-bonding-curve pool which is used to efficiently price the NFT and creates a Total Value Locked (TVL) that the staker can borrow against on demand.

— Investors/Lenders — Swap cryptocurrency (i.e. ETH) for OST tokens to participate in the NFT pool. Receive trading fees, OST liquidity mining rewards and a share of the interest paid by the NFT staker/borrower.

— Liquidator — Anyone can monitor the health factor of the various NFT pools and liquidate the loans if the NFT staker fails to restore the market back to health by the end of the predefined time window.

— Bidder — Anyone can submit ETH-secured bids on the NFTs locked on the protocol. The NFT staker can decide to accept the best bid at his or discretion. In this case, the NFT and NFT Market will be transferred to the winning bidder.

done

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

Dmitri Pro : OST is a governance token which gives many benefits to OST holders.

-Participation in DAO by voting and OpenSky Improvement Proposals (OIPs)

-Pay fees at discounted rates

-Staking rewards

-GameFi participation

OST has interesting tokenomics. OST tokens will be released linearly and supply will be decreased over time through burning, buybacks and staking strategies.

This model will lead to token deflation during the longer-term. Such an innovative business model will bring more attention to the project in total not only from loyal users of the platform but also from profit-seeking liquidity providers and value investors, which will give more power for stronger marketing and growth in the future.

done

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

Dmitri Pro : Our product is currently in the soft launch/testnet phase

have a look at Rinkeby network: https://www.opensky.finance

The critical next step for us is a successful TGE which is slated for October. Are experienced and dedicated team, after TGE will focus on product/market fit as measured by DAU and TVL and global community building based on our strategy of business development and cooperation with established projects, and incentive programs.

Additionally, we will emphasize innovative GameFi x NFT concepts (e.g. Skybox) as an exciting use case for our NFT protocol.

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/1436359290655154188).

Bà Tân | : Question1. @LinhHong211 : Challenge using NFTs as a collateral is how you will determine the actual value an NFTs because an improper estimation may result in under-collaterization, over-collaterization or non-collaterization if such NFTs was later found to be worthless. How will OpenSky solve it?

Dmitri Pro : We believe that our bonding curve AMM model in conjunction with an active and diverse group of OST buyers and LPs will utilize the ‘wisdom of the crowd’ to efficiently value the NFTs.

In addition, we plan to use conservative collateral factors to help mitigate the risk of value mis-estimation.

We agree that efficiently pricing and trading unique and illiquid NFTs is a thorny issue and this is ultimately the core of our business model.

Opensky is a tool for NFT evaluation, collateralization, lending, biddng and leasing. es.

We provide tools and incentives to users for valuing and leveraging NFTs and unlocking value that is currently trapped in NFTs with no DeFi use cases.

Our task is to educate users as much as possible about the features of OpenSky tools and let them profit and at the same time evaluate and control risks.

done

Bà Tân | : Question2. @anhquang1905: NFT is undeniably a big deal in the blockchain space right now. More and more NFTs are being created across platforms such as music,art, games and collectibles. So how is the OpenSky platform different from other NFT platforms? What is your biggest advantage to attract investors?

Dmitri Pro : First of all if you will have a look at the current NFT market, it’s easy to see that OpenSky is different from other platforms, and solving current problems in a more global manner.

We can say that there are few existing platforms which are using less innovative methods like peer-to-peer lending, while OpenSky will offer a “peer to pool” method.

The amount of users is not constrained by one NFT staker to 1 NFT liquidity provider/lender . We are significantly dropping the threshold to participate in the TOP NFT collectibles, as long as their owners are willing to stake on OpenSky.

done!

Bà Tân | : Question3. @ysasoma: I have read that if the price falls below the maintenance level, the NFT bettor will have to pay back part or all of his loan, but what if the price goes up, will there be any additional payback for the bettor?

Dmitri Pro : Great question.Once the NFT’s market value has been determined by the oToken traders, the NFT staker can borrow on demand.

Trust is not required as the loan is overcollaterized and there is a smart contract to handle the NFT liquidation process to protect the lenders if the NFT value drops below the borrow balance.

1. We use a TWAP price algorithm and a dynamic collateral rate setting algorithm to control the LP risk and keep our NFT markets in the safe zone as much as possible.

2.When TVL <= Borrow Balance, the bonding curve market will be locked (no oToken trades allowed) until the market is restored to a healthy state.

3.Anyone can liquidate the NFT when TVL <= Borrow Balance after the 24-hour repayment window has passed. The first person to pay back the outstanding debt will take ownership of the NFT and the NFT Market with the option to unstack the newly acquired NFT at will.

done

Bà Tân | : Question4.The risks related to lending platform is the smart contract risk. So has the smart contract been audited? Is there any safety mechanism to prevent overminting (to prevent any foul play/hacks)? How does OpenSky apply for a witness node or deploy/manage a smart contract ?

Dmitri Pro : We agree with you wholeheartedly that security is a fundamental issue of Defi. Opensky is actively negotiating with security audit companies to proceed with the smart contract audits in October.

We also plan to launch a debugging bounty program to let more freelance whitehat hackers participate in strengthening and testing our smart contracts.

done

Bà Tân | : Question5.What is your top priorities in the end of 2021 and the coming 2022,so Could you share some plans for the upcoming year?Which part of the project are you most focused on right now?

Dmitri Pro : Our product is on the soft launch right now. The most important for us successful TGE which we are planning in October.

After TGE will focus on product/market fit as measured by DAU and TVL and global community building based on our strategy of business development and cooperation with established projects, and incentive programs.

In future we will support all EVM compatible networks, besides Ethereum in the line is BSC and polygon, we also see a big potential in Solana, NEAR and Polkadot

done

Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @DmitriPro 😁

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.

🍀Jőhn L🍀 : Go go

Dmitri Pro : Sure, thanks

Bà Tân | : Requirements:

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

🗣OpenSkyLabs (https://t.me/OpenSkyLabs)

🗣Twitter OpenSky Finance (https://twitter.com/OpenSkyFinance)

👉More information about OpenSky :

🗣Website (https://www.opensky.finance/)

🗣Medium (https://openskyfinance.medium.com/)

🗣Discord (https://discord.com/invite/WDPSHnQbN8)

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

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

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

🍀Jőhn L🍀 : So fast

Q1. Staking programme is very important for any project, Can i stake your token? Do you have any plan of starting staking programme?

Dmitri Pro : Yes, definetely. Staking economy is a fundamental basics of all DEFI projects. We will have few staking mechanisms, and for OST holders we are designing time periods based staking mechanism with lock up and liquidity providing mechanisms.

Q2. When will the project take place Pre-sale? Where will it be held? If it’s possible then Please Share me Pre-sale link

Dmitri Pro : We are on the Private Sale stage right now, Seed round oversubscribed, we are aiming TOP tier VC to participate private round. We will release all details in our medium as Private sale will be closed.

Q3. Where does the project name come from? What does it mean for you and why did you choose that name for your project??

Dmitri Pro : We can say that king of NFT marketplaces is Opensea, so OpenSky strongly believe to be the king of NFT lending protocols.

Q4. Does #OpenSky have an ambassador program for communities who want to be the #OpenSky family and will your project be global or just a few countries?

Dmitri Pro : Ambassador program is starting right now, welcome NFT enthusiasts all around the globe to participate and be a part of our big family. Please join our telegram: https://t.me/OpenSkyLabs

Q5.What groups and media do you have?

Dmitri Pro :

Official website: https://www.opensky.finance

Twitter: https://twitter.com/OpenSkyFinance

Discord: https://discord.com/invite/WDPSHnQbN8

Telegram: https://t.me/OpenSkyLabs

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

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

Bà Tân | : End of session 3

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

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

Official Website: https://www.opensky.finance

Twitter: https://twitter.com/OpenSkyFinance

Telegram: https://t.me/OpenSkyLabs

https://t.me/tokenplaychannel

Github: https://github.com/OpenSky-Finance

Medium: https://openskyfinance.medium.com

Discord: https://discord.com/invite/WDPSHnQbN8

Dmitri Pro : thanks guys for managing AMA

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

Thanks to @DmitriPro | OpenSky joined us and provided us with OpenSky information, we hope that this knowledge makes us understand more about https://www.opensky.finance (https://www.opensky.finance/)

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

Dmitri Pro : very active community as I see

Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .

Dmitri Pro : wish all of you best profits