🐋 TELEGRAM AMA: Im Community & Pontoon 🐋
⏰ AMA Timing : 20 July 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 @Karanalu14 from Pontoon.

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

Bà Tân | : Today our guest is: @Karanalu14 from Pontoon.

Bà Tân | : Please introduce yourself a bit: @Karanalu14.

Venkatesh Karanalu : I am from tech background with 14+ years of experience into IT industry seving as DataCentre management. In my previous role served as DataCentre architecture. Entered crypto at the last of 2017 as a small time trader and then onto investor and now as CEO for Pontoon.

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 Pontoon

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1416979374029430785).

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 Pontoon Chat (https://t.me/pontoon_fi) , Pontoon Announcements (https://t.me/pontoon_announcements) and IM Community (https://t.me/imcommunityitw) , Channel Im community

(https://t.me/imcommunityit)▫️Follow: Twitter Pontoon Finance (https://twitter.com/PontoonFi) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://pontoon.fi/

Bà Tân | : Start session 1 AMA @Karanalu14

Venkatesh Karanalu : yes

Bà Tân | : Question1. Could you please give us a simple introduction to Pontoon? @Karanalu14

Venkatesh Karanalu : Pontoon is one click liquidity mirror protocol that aims to solve fragmentaion and composability issue in a complete trustless way.

Bà Tân | : @Karanalu14 Please say “Done” when you have finished the question, thank you.

Venkatesh Karanalu : Done

Bà Tân | : Question2. What are the outstanding features of “Cross Chain Liquidity Mirroring Protocol”? What benefits can users get from it? @Karanalu14

Venkatesh Karanalu : Decentralized Relayer Network : Relayer netwoks are for massage pass and to provide gasless transactions.

Cross-chain Liquidity Pool : Liquidity to be provided across chains which makes the protocol has a liquidity mirror. Add liquidity and earn rewards.

Trustless Cross-Chain Bridge : At Pontoon we do not MINT or create any synthetic assets, thereby eliminating the need of Centralized Exchange which makes Pontoon comlpetely trustless.

Done

Bà Tân | : Question3. What role does the $TOON token play in your ecosystem? @Karanalu14

Venkatesh Karanalu : Governance: Token holders can vote on the direction of the protocol and fund allocation from the treasury.

LP Incentives for LPs and Relayers: Liquidity providers will be incentivised for providing liquidity on each network.

Proof of Stake Relayer Network: A network secured by a series of validators running relayer node and getting incentivized on the fee collected.

Done

Bà Tân | : Question4. What are the plans for 2021 for Pontoon? @Karanalu14

Venkatesh Karanalu : We are currenlty testnet ready on Eth, BSC and Polygon and awaiting for audit reports for launch. Due to delayed audit reports we are little behind the schedule of Q2, once the audits are out, we plan for launch and then fast track Q2 along with Q3 for completion and rest will be followed as per the raodmap provided in our website pontoon.fi

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/1416979374029430785).

Bà Tân | : Question1. @Martines2222

From what i could find,#pontoon is a cross chain liquidity mirror protocol where in user provides the liquidity across chains.on this note,It is safe to say that the LP providers are of prime importance.

So could u tell us,how i can add to the LP& the incentives for LP providers? @Karanalu14

Venkatesh Karanalu : Yes Liquidity providers plays an integral part of Pontoon.

Liquidity is provided as a single token to the dedicated pool on Pontoon which includes Eth, BSC and Polygon for now. We intially start off with stable coins and then proceed ahead with the exisiting tokens in markets as we move along.

We have dedicated 35% rewards emission for liquidity providers along with small portion of transaction fees as well,

Bà Tân | : Question2.@Richard08944201

On your RoadMap Q1 2021 you implemented a secure bridge from ETH to BSC, but I want to know how this process works and how reliable is it for users? And Can the bridge be used in reverse from BSC to ETH? @Karanalu14

Venkatesh Karanalu : Pontoon case study as two type of user. One who provides liquidity and the other who uses SWAP/bridge for token transfer.

How Bridge works: User A tries to swap the USDT of ERC 20 standards to BEP 20 standards. Using Pontoon bridge user initiates transaction which is captured by the validator node. Validator node captures the Tx details and informs the bridge contract to lock the tokens at pool level of Eth side. The same validator node adds a secret signature to the Tx and sends to the validator node of the other side ( BEP 20).

Bep 20 Validator node captures and unlocks the secret signtature and inform the Smart contract to unclok the tokens at BEP 20 standards and provides the tokens to wallet address.

Yes Pontoon bridge is bi-directional across chains.

Done

Bà Tân | : Question3. @DavidClarkkk

High gas fees, fragmented liquidity pools, low throughput and poor user experience are current challenges in DeFi. What Pontoon Finance will do to tackle it? @Karanalu14

Venkatesh Karanalu : We are using relayer networks for gasless transactions once we are mainnet along with liquidity mirror pools for fragmented liquidity. We have very user friendy UI where even a new user can easily understand the nature of the DApp. With all this combined, throughput is easily achieved.

Done

Bà Tân | : Question4. @SilakYamon

One of the biggest problems with projects is inactive and useless platforms. People just create DApps but it has no use cases nor contributes to the blockchain ecosystem. How do you plan on preventing and resolve this problem with your platform? @Karanalu14

Venkatesh Karanalu : As said earlier Pontoon aims to solve fragmentationa and composability issues, so we have practical value thats already been created. With incentivised testnet to users post launch, we will be more attractive on the eco-system.

Done

Bà Tân | : Question5.@Thng87161386

Staking is the new trend. What staking options are available for Pontoon Token? Are there any incentives for staking? What are the various ways to earn Pontoon token and are there any limits to amount of $TOON I can earn? @Karanalu14

Venkatesh Karanalu : Yes providing liquidity in Pontoon itself a staking as we allow liquidity providers to provide single token based staking.

We have incentivised modelling for all the liquidity providers and 35% been dedicated for the rewards emission from the complete tokenomics.

No limits to the amount of TOON earned. Stake more earn more.

https://pontoon.fi/pdf/TokenMetrics.pdf

Done

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 Pontoon Chat (https://t.me/pontoon_fi) , Pontoon Announcements (https://t.me/pontoon_announcements) and IM Community (https://t.me/imcommunityitw) , Channel Im community

(https://t.me/imcommunityit)▫️Follow: Twitter Pontoon Finance (https://twitter.com/PontoonFi) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://pontoon.fi/

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

Bà Tân | : @Karanalu14 Pick the 5 best questions and answer it for session 3.

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group Pontoon Chat (https://t.me/pontoon_fi) , Pontoon Announcements (https://t.me/pontoon_announcements) and IM Community (https://t.me/imcommunityitw) , Channel Im community

(https://t.me/imcommunityit)▫️Follow: Twitter Pontoon Finance (https://twitter.com/PontoonFi) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://pontoon.fi/

Bà Tân | : Those who haven’t joined @pontoon_fi group will not be eligible for AMA rewards, make sure you did.

Q1. Binance smart Chain’ blockchain is having’ high transaction, speed and cheap gas fees. Are you planning to launch, your mainet or switch to other blockchains in the future,?

Venkatesh Karanalu : No we keep it on Eth and provide alternate options like relayer networks, validator nodes to deal with the issues.

Q2. What is the structure of this project, is it decentralized or is it an open source protocol where everyone can contribute? If so, how will the governance plan be handled,?

Venkatesh Karanalu : Its closed version for now

Q3. What are your plans to educate and raise community awareness so that more people understand Pontoon platform, its technology and vision?

Venkatesh Karanalu : We have many community engagement that are lined up like bug bounty, themes and memes contest, quiz and many more.

Recently we concluded quiz with Pontoon community with 300$ rewards to winners. We have also started educational series as a pert of awareness along with tutorial videos to follow.

Q4. How strong is your team ? Many projects starts with good impression and later abandoned the project. What makes your project different than others?????? Please share with us!!

Venkatesh Karanalu : We have very experienced team of 5 members with 8+ years into blockchain and Crypto industry.

As said earlier we are already testnet ready with Eth, BSC and Polygon and continue to move to other chains as we move further. We are awaiting for audit reports for the launch.

Since Pontoon aims to solve fragmentation and composability issue in a completely trustless way, this is differentiator from other projects.

Q5. Is your project a local project or a global project ? Can anyone use your services from anywhere in the world? Is there any restrictions of using your service?

Venkatesh Karanalu : Yes we are global project with no restrictions for now.

Bà Tân | : Thanks for the useful information from @Karanalu14

Bà Tân | : End of session 3

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

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

Official Website: https://pontoon.fi

Twitter: https://twitter.com/PontoonFi

Medium: https://medium.com/pontoon-finance/

Github: https://github.com/pontoonfi

Telegram: https://t.me/pontoon_fi

🍀Jőhn L🍀 : thank for your time @Karanalu14

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

Thanks to @Karanalu14 | Pontoon joined us and provided us with Pontoon information, we hope that this knowledge makes us understand more about https://pontoon.fi/

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

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

IM is a PR group — Marketing support for Airdrop, advertising, AMA, Services … in Vietnam Flag of Vietnam. — — — — — — — - TG: https://t.me/imcommunityitw