AMA THEME : Introduce
Meliorate Finance
DATE : 18th Of December 2020
VANUE
: CRYPTO EXPERT ORGANIZATION
SPOKESMAN : Mr. Sam P
| Marketing Coordinator Of Meliorate Finance
CRYPTO EXPERT
ORGANIZATION :
@Sampatraa sorry for the delay sir 😅
Mr. Sam P :
That's all good
CRYPTO EXPERT
ORGANIZATION :
ok beforehand I want to thank those of you who have taken
the time to attend the AMA session with our community, sir.
Well before we start this AMA as usual I will ask you to
introduce yourself to all members of the Crypto Expert Organization community,
sir @Sampatraa
Mr. Sam P :
Hello Everyone,
Happy Friday and thanks for inviting Meliorate to this great
community.
Hope you all are doing great
Hello guys,
I am Sam from Meliorate Finance. I am Marketing Coordinator & Group Admin
of this Project.
I joined this team due to their impressive roadmap &
future planning to offer DeFi products to the community.
They have a great vision & planning to provide
futuristic products.i.e. Staking, Farming, DEX and more to come. They have a
great Dev team, capable of delivering the project on time.
They proved themselves by launching Staking during presale.
If you stay with us, we can achieve all the milestones.
Thanks everyone
CRYPTO EXPERT
ORGANIZATION :
Greetings too, sir, I am from the core team of the Crypto
Expert Organization community. I am glad to meet you
Mr. Sam P :
Wow that's great , Its nice to meet you too Brother
CRYPTO EXPERT
ORGANIZATION :
Alright sir, we will enter the first session of this AMA,
namely 5 questions from me that I have prepared
are you ready ?
Mr. Sam P :
Yeah, sure
QUESTION FROM HOST
CRYPTO EXPERT
ORGANIZATION :
Questions 1.
Could you explain a little about Meliorate Finance? and what Is make it
different From another Project?
Mr. Sam P :
Meliorate is a new blockchain ecosystem which is creating
array of DeFi products and a new decentralized financial tool that will allow
transparent reward earning/yield farming to its investors.Moreover, Meliorate
is a one-stop-shop for all the DeFi needs.
Key Features that we are different than others?
1) MTF offers an easy and intuitive way to enter various
yield farming opportunities in a few clicks. The token will be constantly
adding innovative new pools that, while risky, are pushing composability to its
limit to make the most out of what DeFi has to offer.
As a passive participant, depositing tokens to one of MTF’s
vetted pools, like MTF Staking, MTF/ETH pool will offer a novel way to yield
farm with little to no overhead.
Also, the staking/unstaking fees set at 1 - 2% per
transaction post token distribution and distribution of the fees to the stakers
& locked liquidity will make this DeFi a gem.
2) Yield Farming for Uniswap pairs with multiple options to
farm
3) Launch of Decentralize exchange mfSwap which will be a
unique product due to its features
4) More to come .......
CRYPTO EXPERT
ORGANIZATION :
I'll take some of the gist of your answer sir so for
investors who hold tokens and adapt to your project they (SURE) get hefty
profits and prizes.Is that so, sir?
Mr. Sam P :
Yeah, buying MTF and staking it has a lot of benefits.
Staking is already launched & Farming is coming soon.We want our investors
to get good value for their money.
CRYPTO EXPERT
ORGANIZATION :
Hmmm this looks really interesting well I still have 4 more
questions
Continue to the next question
Mr. Sam P :
yeah, sure
CRYPTO EXPERT
ORGANIZATION :
Questions 2.
What achievements has Meliorate Finance achieved so far? Then, what is
the next big step for Meliorate Finance to take?
Mr. Sam P :
Meliorate Finance has achieved some great Milestones in very
few weeks, some of the bullet points I want to highlight are -
1) Staking dApp has
already been launched & people are using it and earning rewards @ 500 to
525% APY. The Staking URL is -
https://mtfstaking.xyz/
Staker’s have an option to claim $MTS token @5 times of
Staked $MTF tokens, which they can use for the Farming when we launch it.
2) Farming dApp work is in full swing and we will be
launching it as per our Roadmap.
The next big step is DEX, moreover the DeFi boom has exposed
Ethereum's scalability issues and network slowness issues due to rise in its usage
which led to higher gas fees to process transactions on the network.
We are looking for partner in this area to work with us to
help community to save on GAS fees.
CRYPTO EXPERT
ORGANIZATION :
Yes, of course the cost of GAS is currently a problem for
ERC20 tokens, sometimes if I want to send a token that has an expensive value
or want to exchange it at UNISWAP, the network costs It's very expensive
Mr. Sam P :
Yeah Yeah
CRYPTO EXPERT
ORGANIZATION :
Next.
Questions 3.
Could you please provide some progress on your Roadmap and what results
Meliorate Finance has achieved so far?
That's a good question. Meliorate has done some good
progress on its roadmap & achieved the milestones on time.Some of them I
remember are -
1) We’ve distributed the Website launch promotional offer of
$50 ETH on time to our community member. Also, we airdropped $500 worth of $MTF
tokens to the members who participated in Giveaway challenge.
2) Whitepaper is already launched
https://meliorate.finance/whitepaper
3) Staking dApp is already launched & Stakers are using
it and earning rewards
4) Farming dApp in last phase of Development & it’s been
getting tested in Testnet & Bug/Defect fixes are in progress.
5) Project planning & design discussion’s already in
progress for DEX. Testing team has started writing Test Cases to do the end to
end testing after Testnet deployment.
6) Presale is Ending tomorrow[19-Dec-2020] @ 12:00 PM UTC
7) Uniswap launch post presale end. [Launch date &
launch price discussion in progress]
CRYPTO EXPERT
ORGANIZATION :
I hope that $ MTF can have an exchange rate as soon as
possible and can be bought through any market, it can be said that it is the
end point of an extraordinary and determined hard work project. to move forward
Mr. Sam P :
Yeah, Our team have put in lot of effort to develop this
project & they are very hardworking. They have a zeal to achieve the target
on time.We are working on the DeFi products which will benefit each individual
who believes on us.
We are in discussion with different platforms to list MTF
& even exchanges are also in touch with us.
This is becoming more interesting, great question
@semogaberkahXD
Yes, I agree, most of the projects are Fork. I wouldn’t say
they are all useless because many projects have started with Forking existing
projects but they have added more value to it and doing great.
We are working for the community, we are offering $MTS
tokens to the presale buyers which is the Swap token for Meliorate Finance when
they Stake $MTF token they are eligible to claim 5 times of $MTS token. $MTS
will be used in Farming and DEX.
Investors/buyers can trust Meliorate due to the fact that we
deliver on time, we have a long-term goal and roadmap. Also, we value our
investors/presale buyers & they will get benefit in long run.
Also, we are looking for partners to work with us to help
our community to save on GAS fees.
CRYPTO EXPERT
ORGANIZATION :
Questions 4.
Still about the benefits, sir.
What are the benefits we get from buying and holding $MTF?
Mr. Sam P :
When you hold and stake $MTF tokens, you get multiple
benefits pre/post Presale.
Staking tokens to Meliorate Staking Contract has lot of
benefits as mentioned below –
1) The MPY (Monthly Percentage Yield) will be ranging
between 10-15% and dividend distribution will happen every day once the total
staking reaches 25% of circulating supply.
2) Staking will deduct 1% of token deposited and distributed
to all the stakers.
3) Unstaking will deduct 2% of the token deposited and
distributed to all the stakers.
4) Stakers will be awarded with MTS(Meliorate Swap Token)
which will be 5 times of MTF(Meliorate Finance Token) staking.
5) MTS token can be claimed only once, so, stakers should claim
MTS when they have good amount of MTF staked to get the maximum MTS tokens.
Token Burn
Half of the unsold tokens during presale will be burnt &
half will be moved to Staking reward pool.
Yield Farming
Holding & Farming also has a lot of benefits.
Meliorate Yield farming will be more than passive income.It
will provide people the chance to earn investment income by placing funds in a
DeFi (decentralized finance) product.
An investor can provide liquidity to widely available pools
to earn rewards in exchange for providing liquidity.
Meliorate Yield farming is an effort to put crypto tokens to
generate the most returns possible on those pools.
At the simplest level, a yield farmer can move their tokens
to different pools to earn more rewards per pool, by identifying whichever pool
is offering the best APY on day to day basis.
CRYPTO EXPERT
ORGANIZATION :
Questions 5.
What other innovations can we expect from Meliorate Finance in the next
few years?
Mr. Sam P :
As explained earlier, the next big step is DEX, moreover the
DeFi boom has exposed Ethereum's scalability issues and network slowness issues
due to rise in its usage which led to higher gas fees to process transactions
on the network.
We are looking for partner in this area to work with us to
help community to save on GAS fees.
We do have a plan for mfWallet app, which is just proposed,
and work hasn’t been started on that front. We will let community know about it
when we progress on it. We have an expectation from our community to provide us
their feedback as well about our product & challenges in DeFi so that we
can work together and achieve something great in coming years. As explained
earlier, the next big step is DEX, moreover the DeFi boom has exposed
Ethereum's scalability issues and network slowness issues due to rise in its
usage which led to higher gas fees to process transactions on the network.
We are looking for partner in this area to work with us to
help community to save on GAS fees.
We do have a plan for mfWallet app, which is just proposed,
and work hasn’t been started on that front. We will let community know about it
when we progress on it. We have an expectation from our community to provide us
their feedback as well about our product & challenges in DeFi so that we
can work together and achieve something great in coming years.
CRYPTO EXPERT
ORGANIZATION :
of the 5 questions that I have given, I am very happy to
hear your answer, sir, I think if this AMA is finished and I get very detailed
answers in the 2 remaining sessions I will be interested in adapting
Mr. Sam P :
Thanks mate
CRYPTO EXPERT
ORGANIZATION :
Alright sir sam are you ready to enter this 2nd session?
Yes it's the best 5-question session the team has voted for
on Twitter
Mr. Sam P :
yes, please
QUESTION FROM TWITTER
CRYPTO EXPERT
ORGANIZATION :
Q1. From Twitter : @semogaberkahXD
Most new DeFi projects are just copies of existing ones, they are just
useless. So, what’s unique about your project & what makes $MTF trustable
as a long term project for users and investors?
https://twitter.com/semogaberkahXD/status/1339136536810418179?s=19
Mr. Sam P :
This is becoming more interesting, great question
@semogaberkahXD
Yes, I agree, most of the projects are Fork. I wouldn’t say
they are all useless because many projects have started with Forking existing
projects but they have added more value to it and doing great.
We are working for the community, we are offering $MTS
tokens to the presale buyers which is the Swap token for Meliorate Finance when
they Stake $MTF token they are eligible to claim 5 times of $MTS token. $MTS
will be used in Farming and DEX.
Investors/buyers can trust Meliorate due to the fact that we
deliver on time, we have a long-term goal and roadmap. Also, we value our
investors/presale buyers & they will get benefit in long run.
Also, we are looking for partners to work with us to help
our community to save on GAS fees.
CRYPTO EXPERT
ORGANIZATION :
For those who have twitter, the following is the answer to
your question. If you are still here, please follow this AMA design until it's
finished and understand it well
https://twitter.com/semogaberkahXD
Q2. From Twitter : @TonyMon253
I just realized that you has 2 tokens, the $MTS and the $MTF, so what
are the differences between both? Also the website explains the tokenomics of
the $MTF, but nothing about the $MTS, so can explain It please?
https://twitter.com/TonyMon253
Mr. Sam P :
Yes, we have two tokens, below are the explanation for both
-
What’s MTF (Meliorate Finance) token?
This token is the primary token for Meliorate Finance which
can benefit community members in many ways –
1) Staking MTF will provide great rewards to stakers.
2) All future development and partnerships to mitigate DeFI
challenges will be applicable to $MTF token.
What’s MTS (Meliorate Swap) token?
MTS is a swap token from Meliorate Finance. This rare token
will be initially available to claim for the staker’s of MTF (Meliorate
Finance). So, the staker will be able to earn and claim both MTF & MTS.
Both the gem will have their own importance in Meliorate
ecosystem as Meliorate Finance will be launching an array of DeFi products in
near future according to roadmap. This gem will be launched for sale once the
swap pool is production ready.
$MTS will be used in the Farming to distribute rewards to
MLP contributors. Also, it’ll be a unique token for DEX. The tokenomics for MTS
will be released before Uniswap launch. Yes, we have two tokens, below are the
explanation for both -
What’s MTF (Meliorate Finance) token?
This token is the primary token for Meliorate Finance which
can benefit community members in many ways –
1) Staking MTF will provide great rewards to stakers.
2) All future development and partnerships to mitigate DeFI
challenges will be applicable to $MTF token.
What’s MTS (Meliorate Swap) token?
MTS is a swap token from Meliorate Finance. This rare token
will be initially available to claim for the staker’s of MTF (Meliorate
Finance). So, the staker will be able to earn and claim both MTF & MTS.
Both the gem will have their own importance in Meliorate
ecosystem as Meliorate Finance will be launching an array of DeFi products in
near future according to roadmap. This gem will be launched for sale once the
swap pool is production ready.
$MTS will be used in the Farming to distribute rewards to
MLP contributors. Also, it’ll be a unique token for DEX. The tokenomics for MTS
will be released before Uniswap launch.
CRYPTO EXPERT
ORGANIZATION :
And that's the answer from Mr. Sam.
I hope you understand the explanation of the 2 tokens
https://twitter.com/TonyMon253
Q3. From : @Raju42000
Where is the $MTF road map now? Are all targets in accordance with the
current road map? and what are the next steps that will be taken in the future?
https://twitter.com/Raju42000/status/1332607339099082754?s=19
Mr. Sam P :
Yes, our targets we are achieving as per our Roadmap -
1) We’ve distributed the Website launch promotional offer of
$50 ETH on time to our community member. Also, we airdropped $500 worth of $MTF
tokens to the members who participated in Giveaway challenge.
2) Whitepaper is already launched
https://meliorate.finance/whitepaper
3) Staking dApp is already launched & Stakers are using
it and earning rewards
https://mtfstaking.xyz
4) Farming dApp in last phase of Development & it’s been
getting tested in Testnet & Bug/Defect fixes are in progress.
5) Project planning & design discussion’s already in
progress for DEX. Testing team has started writing Test Cases to do the end to
end testing before Testnet deployment.
6) Presale is Ending tomorrow[19-Dec-2020] @ 12:00 PM UTC
7) Uniswap launch post presale end. [Launch date &
launch price discussion in progress]
CRYPTO EXPERT
ORGANIZATION :
Q4. From : @JinJrx
In recent months or weeks, there have been many failed and disappearing
projects (SCAM) because the tokens have decreased in price or become ashes, how
can Meliorate finance convince us not to do that, what are the ways to make
your coin price stable?
https://twitter.com/JinJrx/status/1339832874443259905?s=19
Mr. Sam P :
That’s a great question @JinJrx
We’ve seen & got scammed, rug pulled by many projects,
that’s why we have given our project the name “Meliorate” which means “to make
or become better; improve; ameliorate”
We are making array of DeFI products so that investors can
rely on us & they don’t need to look around for pump & dump projects.
We are here to make stable products and we don’t believe on selling token at X
amount and promising buyers to launch on Uniswap at 2X price and not delivering
it.
Also, we have come up with 19099 total supply (We already
burnt 900+ tokens out of 20000) of $MTF & our tokenomics is clear & we
want our community to ask us any questions they have before buying $MTF tokens
or do the market research before investing.
We will be locking the liquidity on Uniswap while listing
CRYPTO EXPERT
ORGANIZATION :
Fiuuuu ( Whistling )
From the name of the project, it also has a very deep
meaning
Q5. From : @ZamoraJoana
The Roadmap says that you will create your own Decentralized Exchange,
so how will you provide Liquidity to It, considering that all Liquidity funds
Will be locked on Uniswap?
https://twitter.com/ZamoraJoana/status/1332486322695573509?s=19
Mr. Sam P :
Yeah, we will be locking liquidity for $MTF tokens, and
reason for the second token $MTS is Decentralized Exchange.
CRYPTO EXPERT
ORGANIZATION :
Are there additional answers, sir?
Mr. Sam P :
MTS is the token for the DEX as explained earlier & $MTF
will be used for future development and partnerships to mitigate DeFI
challenges
CRYPTO EXPERT
ORGANIZATION :
Alright, are you done with the answer, sir?
Mr. Sam P :
Yeah
CRYPTO EXPERT
ORGANIZATION :
If so, we will enter the last session of this AMA, yes, that's
a live session on Telegram
Mr. Sam P :
Shall we continue?
CRYPTO EXPERT
ORGANIZATION :
Shall we continue?
Mr. Sam P :
yes, please
QUESTION FROM TELEGRAM
Q1. From @Cryptoyese
If i stake my MTF token, is it mandatory I withdraw it as MTS when the
period of staking has been completed. Or can I still withdraw as MTF .. I am of
the opinion that if MTF is the main token, giving stakers options to unstake in
MTF will put pressure on the main token, as users will be massively sell off
their staking rewards for a brilliant budding project as this I think it will
affect new users Hoping to stake their MTF.
What plans do you have to mitigate this in case a situation like this
arises.?
Mr. Sam P :
If you stake $MTF token, you have option to withdraw both
the Tokens i.e. $MTF & $MTS
The reward rate for MTF & MTS are different and we don't
think that we'll face any challenge.
We advise our investors to get maximum benifit out of our
staking platform & Claim rewards for both the Tokens.
The MTS claim is a limited period offer only for presale
buyers.
Q2. From @Winterkom_R
What is your strategy for building a strong community? Do you agree
that the power of the community will lead your project to develop globally?
What services do you provide to the community?
Mr. Sam P :
We strongly agree that community is very important for the
survival in any industry.
We are offering the best rate & offers to our community
which we can afford to do so.
Also, we request our community to provide their feedback to
us to build this project great.We all can grow together with timely feedback
& support.
If we are doing good, support us , if we are doing wrong
provide your feedback.
Q3. From @Pannicota
Hi @Sampatraa
Most of the farm coins suffer from high APY and constantly minted new
tokens so Most of the farm coins have failed and will fail on Token Metrics
only. How do you offset the selling pressure?
Mr. Sam P :
To mitigate the continuous minting of Farming tokens we have
come up with fixed total supply for $MTS token.Like any other Farming
applications where in they mint during reward distribution , Meliorate hasnt
applied the same approach.
This will make sure that the flooding of token &
decreasing in token's price will less likely to happen.
Q4. From @Allimitate_Q
Token burn” is beneficial for any project, in being able to control the
number of token circulation and to provide greater incentives to investors.
Does your great project have a plan about token burn?
Mr. Sam P :
Yes, we have a plan to burn the tokens on timely manner, we
already burnt around 900 MTF tokens as part of our promise to burn half of the
unsold tokens during presale period.
Also, when we move on we are planning to buy back & burn
tokens, so that the Token value will always increase.
Q5. From @Allimitate_Q
Although ETH 2.0 is delayed to next year, but it will solve all exist
problem of ETH and become the best choise for dApps in future, so do you think
this is a threat for Your project and how could you overcome this barrier?
Mr. Sam P :
We don't think any product is 100% perfect & doesn't
have or wont have any issues.We don't think this is a threat to our application
as majority of organizations provide backward compatibility to its previous releases and we expect
Etherium 2.0 will definitely provide this.
Thanks guys for such a nice questions, I wanted to answer
all but due to time constraints I couldn't answer.However if they are available
on twitter, we'll try to answer all the questions.
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