Dear DefHolders, on Wednesday we attended to an AMA hosted by SatoshiClub. For those who missed this great AMA due to the ongoing presale, you will find the full transcript below. Don’t wait any longer to read it out and share it as much as possible!
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with DefHold! @cryptoartega welcome to Satoshi Club
GoldRocket: Hi there, dear Satoshi Clubbers! welcome to the new episode of our AMA marathon!@cryptoartega welcome to Satoshi Club
Artega ¦ DEFHOLD: Good day everyone, thank you very much for giving us the opportunity to present our project to your community by hosting this AMA especially in such a swift time-frame! 😊
GoldRocket: Thanks for joining us. To be begin with, please tell us a few words about yourselves and how did you get to be involved in Defhold.
Artega ¦ DEFHOLD: My colleague Pisa (COO) and myself (CEO) know each other since many years having worked together in some well-known asset management companies. Since 2016, we’ve been involved in the Crypto space as more and more of our customers were willing to get an exposure to crypto projects.
Mary | Satoshi Club: And i am wondering what is the most professional experience that helps you work on DefHold?
Artega ¦ DEFHOLD: Yeah definitely a good one! I’d say that the experience helping the most is probably the in-depth knowledge of deal structuring and financial product inception. This gives us both so much ideas for future developments of the DefHold project!
GoldRocket: So what is DefHold?
Artega ¦ DEFHOLD: Summarized in a few words, DefHold’s ultimate goal is to become the reference platform for investors looking for diversification and products where their behavior will directly influence their yields.
The DEFO token will be the first product of the ecosystem and will enable holders to stake or farm their assets into pools with different pre-defined lock-up periods. However, all these pools will offer the ability to stakers and farmers to withdraw their assets at any time by applying an early withdrawal fee (“EWF”) if the assets are withdrawn before the term of the lock-up period. These EWF will be distributed to the stakers and farmers pro rata to their shares of the corresponding pool.
GoldRocket: Good goal!
Mary | Satoshi Club: Do you have programming skills or you hired experienced devs to develop DefHold?
Artega ¦ DEFHOLD: We have some basic programming/IT skills as we’re both passionate by this crypto area. However, I’d call it knowledge rather than “skills”. To launch our project we have hired a Lead Dev managing a team of 3 staff.
Q1 from Telegram user @kafeinen
Both Ferrum Network and LID Protocol had AMAs in Satoshi Club and they are great. How did you manage to do partnerships with them and what are the benefits you get
Artega ¦ DEFHOLD: First of all, I’d like to truly thank them for their support especially by being so accessible and helping all over the project development!
Regarding the benefits, I’d summarize them as follows:
– LID Protocol partnership guaranteeing a «rug-free» presale as 75% of the ETH raised will be allocated to Uniswap liquidity and 45% of the token supply (team, marketing and airdrop funds) will be time-locked for 10 months by LID smart contracts;
– Ferrum Network partnership offering a VIP staking pool to presale investors with a 290% APY. This innovative mechanism is intended to be a new safeguard preventing any listing dump, since any holder wishing to stake in the VIP pool won’t be allowed to sell his DEFO.
Mary | Satoshi Club: Yes, that’s really good partnerships :grinning: do you plan to have more?
Artega ¦ DEFHOLD: Yeah we have some ideas of future other partnerships which could make sense and fit to the project development. However, as nothing is yet confirmed nor discussed we won’t name any of them. It would just create FUD in the future in the event the partnerhips would’nt happen
GoldRocket: Therefore, I read about the VIP pool … what is this, tell us more for our community
Artega ¦ DEFHOLD: The VIP pool will be a private pool to be setup by Ferrum Network.
This pool will only be accessible to presale investors who haven’t sold any of their DEFO. To get access to this VIP pool offering an awesome 290% APY they’ll have to get whitelisted.
Basically this pool has been created to reward presale investors for their early investment and trust in the project and to distribute them our airdrop fund over the long term.
Mary | Satoshi Club: Great conditions
Artega ¦ DEFHOLD: Not too bad as revenues 😉 Given the number of investors who already joined our presale it seems to be much appreciated
Q2 from Telegram user @kenny_vermaelen
75% from the gathered funds will be locked on uniswap permanently thanks to LID protocol. That is impressive and bring trust. But you will have only 25% funds available. Will it be enough for you to develop your project? I see that the funds are gathering quickly, so you will have your hardcap soon
Artega ¦ DEFHOLD: Yeah 75% is quite a good amount but think its mandatory to ensure sufficient liquidity to investors for smooth trading and protect them from potential rug pull.
From the remaining 25%, 5% represent the LID fees. The remaining 20% are indeed used to cover future development costs, initial funding, etc
However, as you probably also noticed, 10% of the total supply are allocated to the team and will be released over 10 months by LID smart contracts. Think this is a great incentive to get team delivering over the long-term.
Mary | Satoshi Club: Yes, that’s really brings trust to everything you are doing:grinning: 5% LID fees, it means that you will pay them 5% from the whole sum you will raise, yes?)
Artega ¦ DEFHOLD: That’s correct. Given the great “rug-free presale” guarantee they offer to our investors, I think it’s quite a fair remuneration.
Mary | Satoshi Club: Yes, quite fair, everything for your users to be sure in their safety
Q3 from Telegram Username @Splendicity
Oh my GOD!!! Why is your Pre-sale price and the Uniswap listing price the same?
Pre-sale price > 1 eth= 1.56 $DEFO
Listing price > 1 eth = 1.56 $DEFO
What then is the benefit of being an early bird? Or is there reasons for that?
Artega ¦ DEFHOLD: You’re right, the presale base price and the uniswap listing price will be the same, i.e. 1.56 DEFO = 1 ETH (LID’s requirement to decrease listing dumps).
However, you can get a discount up to 25% of the presale base price depending on when you invest in the presale. The bonus tranches are as follows:
0–100 ETH: 25% bonus
100–500 ETH: 20% bonus
500–1,000 ETH: 15% bonus
1,000–1,500 ETH: 12,5% bonus
1,500–2,000 ETH: 10% bonus
Currently you’ll only get a 10% bonus as we just crossed the 1,500 ETH mark 😉 Additionally, by investing during the presale you’ll get access to the VIP staking pool. Only presale investors not selling their DEFO will get whitelisted for this pool.
Mary | Satoshi Club: Also, as i saw on pre-sale page, there is a refferal program there. Will rewards be payed in DEFO?
Artega ¦ DEFHOLD: Yeah you’re right. You can earn 2.5% of the investment made through your referral link. These rewards will be paid in ETH
Mary | Satoshi Club: Got it, thank you! A lot of incentives to join your pre-sale
Artega ¦ DEFHOLD: Yeah quite a lot and also a lot to hold over the long-term 😉
Mary | Satoshi Club: Btw, if investor bought, for example 15 DEFO and sold just one, will he be able to join VIP staking pool?
Artega ¦ DEFHOLD: Unfortunately, they won’t get whitelisted. They really have to keep all their DEFO. However, once they’ll be whitelisted they can for example stake 14 DEFO and sell 1 DEFO.
Q4 from Telegram Username @Rebel99
DEFO is non-inflatory and staking rewards are generated from those who withdraw their stakes early. Why did you choose to use this approach as opposed to an already fixed staking rewards allocation? What happens in situations where the EWF isn’t really much or negligible?
Artega ¦ DEFHOLD: The revenues won’t be constant in order to generate them in non-inflationary ways. Indeed, the revenues will emanate from the EWF and from the transfer fees. Therefore, in the first case return percentages will vary according to the number of people withdrawing their funds before the end of the lock-up period. In the second case, they’ll vary according to the DEFO volume as a 2% transfer fee will be applied on it.
The transfer fee will guarantee minimum revenues in case no one withdraw his funds before a lock-up period is over (which I highly doubt)
GoldRocket: why do you doubt?
Artega ¦ DEFHOLD: Cause I know very few traders out there able to plan market moves and manage their portfolio in such an accurate way enabling them to stay in a position for many months or even weeks 😉
Mary | Satoshi Club: This decisions about non-constant revenues will be made manually or you have algorithm?
Artega ¦ DEFHOLD: These will be automatically calculated based on the number of early withdrawals
Q5 from Telegram Username @konditer_rolex
The division into VIP staking and normal staking confused me a little. Tell us about the conditions in these two types of staking. And don’t you think that late investors will have little motivation to enter the project knowing that only regular staking awaits them? After all, they will not just find themselves in the worst conditions , but in fact, absolutely no guarantees, unlike investors from VIP staking
Artega ¦ DEFHOLD: To summarize, I’d say that VIP staking will only be accessible to presale investors. Normal staking will be available to everyone.
Can somehow agree with you but we truly believe that presale investors have to be rewarded for the early investment and trust in the project!
Moreover, this will be beneficial for everyone as it aims to avoid huge listing dumps.
Mary | Satoshi Club: I see a tendency now, that almost all pre-sales are dumping after Uniswap listing. Your listing price didn’t include bonuses, so to avoid dump you need to be sure)
Artega ¦ DEFHOLD: Yes it’s becoming an usual issue… Through this feature we hope to bring a solution to tackle it
Q6 from Telegram Username @PaoloMonte87
I truly appreaciate DEFHOLD’s long-term sighted approach. It usually means careful consideration of the pros and cons and also planning. For that goal, you’ve implemented both the EWF mechanism and the monthly airdrop. The latter consists of a monthly airdrop equal to a 10% rate for the next 10 month, after the program’s inception, only for eligible investors who have been holding DEFO for more than 1 month.
It’s not clear to me though… what’s the base value on which the 10% is calculated? Is it the total holding value at the beginning of the airdrop program? Or will this value be recalculated periodically (maybe each month via snapshots?) and considering each investor’s updated holding amount at the start/end of each period?
Artega ¦ DEFHOLD: The 10% represent 10% of the fund. Initially, 3,000 DEFO will be in the airdrop fund thus meaning that 300 DEFO will be released monthly by LID smart contracts. Thereafter, 150 DEFO will be allocated each month to the VIP staking pool thus meaning that this pool will run for at least 20 months.
We’ve worked on snapshots but as you mentioned it, this solution would enable people to move their holdings between the snapshots. It is why we decided to go ahead with the VIP staking pool which is in our opinion the best way to force people hold their assets.
Mary | Satoshi Club: Who will be eligible for monthly airdrop?
Artega ¦ DEFHOLD: They’ll be distributed to the stakers of the private pool.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cengizhantekin
You have 5 Staking pools in your system with different EWF. As the time pass you transfer the stakers to an upper pool which has lower EWF. What about the staking income?
Artega ¦ DEFHOLD: Each time a pool reaches the lock-up period of a faster pool, investors’ funds will be automatically transferred into the faster pool. In this case the EWF and rewards will automatically change to match those of the pool in which the tokens are transferred.
Q2 from Telegram user @tuvalunia
What is the first milestone after the presale completed?
Artega ¦ DEFHOLD: The first one will be to launch the VIP staking pool which will be accessible this weekend already!
Q3 from Telegram user @Splendicity
I see that 1 with = 1.56 $DEFO
In a situation whereby someone have less than 1 eth? Can he still participate in the ongoing presale?
Artega ¦ DEFHOLD: Yes you can definitely participate as the minimum contribution is 0.01 ETH.
Q4 from Telegram user @apocan99
DEFO total supply amount is very small: 12 K tokens, why? And no plans for minting ever, why not?
Artega ¦ DEFHOLD: The supply taken alone does not mean much it will always have to be put in relation with the price.
As we wanted to offer non-inflationary products, we simply can’t allow further mintings.
Q5 from Telegram user @Rebel99
In your Whitepaper, it’s mentioned that in order to increase the buying pressure of $DEFO, every additional tokens’ pool will require to stake the amount corresponding to EWF in DEFO. What does this mean and how will it benefit $DEFO holders?
Artega ¦ DEFHOLD: In the future, it is expected to offer EWF pools for other tokens. As people will have to hold the EWF in DEFO there will always be demand for the token and supply will be capped thus generating increased buying pressure.
Q6 from Telegram user @BeastIncarnate7
Your Website looks neat but it doesn’t have enough deatails of the Exchanges you plan to list..
Can you say which are the targeted Exchanges for $DEFO…?
Artega ¦ DEFHOLD: DEFO will be listed on Uniswap immediately after presale end. As regards to other exchanges, we truly believe they don’t bring long term value to a project unless maybe Binance and Coinbase.
Other exchanges create most of the time a pump by the announcement but are then destroying the project in the long run as listing fees are paid and those funds can no more be used for project development, marketing, etc…
Q7 from Telegram user @zaferce
Why did you choose the LID protocol to provide investment strategies and guarantee a reliable project to the investor and How will this affect the token supply (team, marketing and airdrop funds)?
Artega ¦ DEFHOLD: We made our presale on their platform as they offer a “rug-free presale” guarantee. Regarding Team, Marketing 2 and Airdrop funds, they will be time-locked and released at a monthly 10% rate over 10 months by LID smart contracts.
Q8 from Telegram user @BboyForteVZLA
What benefits can I obtain if I buy your $DEFO token in your PRESALE and not buy it when it is already listed in an Exchange?
Artega ¦ DEFHOLD: Currently you get a 10% bonus + you can get whitelisted to stake in the future VIP pool
Q9 from Telegram user @BboyForteVZLA
The name of your project “DEFHOLD” seems interesting to me so I want to know where the idea of this name came from? What does it mean?
Artega ¦ DEFHOLD: DefHold is a mix of DeFi and Hold
This name made sense to us as our objective is to provide new DeFi products and reward crypto-investors holding their assets for the long-term
Q10 from Telegram user @BboyForteVZLA
It’s amazing that DEFHOLD offers 290% APY on a pool !! So I want to know how can I participate? What do I need to do to participate in your pool with APY of 290%?
Artega ¦ DEFHOLD: First you have to buy your tokens during the presale.
Then you’ll have to fill a form within 24 hours after presale end and not sell any of your DEFO until you get whitelisted.
Part 3 — Quiz Results
In the final part the knowledge of SatoshiClub fellows in terms of DefHold has been. 4 questions were prepared for this part. The total reward pool for quiz was 300$.