AMA Theme : Introduce
TRONYFI Project
Date : 7 December 2020
Vanue : CRYPTO EXPERT ORGANIZATION
Spokesman : Mr.
David (CEO Founder TRONYFI)
Mr. Fernando Diallo (ProjectLead TRONYFI)
CRYPTO EXPERT
ORGANIZATION :
@tronyfing @fernando_diallo
hello sir welcome to our community
Mr. Fernando Diallo :
Thank you, happy to be here.
CRYPTO EXPERT
ORGANIZATION :
Ah, I have a little problem with my signal here hahaha sorry
Alright are you ready to introduce your super project to the
community sir?
@fernando_diallo@tronyfing Ah, I have a little problem with
my signal here hahaha sorry
Alright are you ready to introduce your super project to the
community sir?
@fernando_diallo@tronyfing
Mr. Fernando Diallo :
Yes, more than happy to talk about TRONYFI
CRYPTO EXPERT
ORGANIZATION :
Where before, Mr. David, is he busy right now, sir?
Mr. Fernando Diallo :
He will join asap, he is not doing well today. But no
worries, I'm here and can lead it.
CRYPTO EXPERT
ORGANIZATION :
Okay, Mr. Fernando, before we start this AMA, can you please
introduce yourself to the commu
Mr. Fernando Diallo :
Sure. Hello everyone, I'm Fernando from TRONYFI. I'm the
project lead of TRONYFI and I manage product development and investor
relations.
CRYPTO EXPERT
ORGANIZATION :
I would like to say hello sir and thank you for attending
this AMA session
Let us start our first session yes that's 5 questions from
me
Mr. Fernando Diallo :
Sounds good!
CRYPTO EXPERT
ORGANIZATION :
Q1. Could you explain a little about TRONYFI? and what Is
make it different From another Project?
Mr. Fernando Diallo :
Absolutely.
In a nutshell, TRONYFI is the first ever TRON based DeFi
token. All token value is 100% backed by TRX reserve in smart contract through
Automated Market Maker (AMM). It is the first ever TRON-based DeFi token
leveraging the Bonding curve model through TRC20 smart contracts to generate
wealth for its investors – through holding and staking.
CRYPTO EXPERT
ORGANIZATION :
This is an amazing tron-based DeFi project that's the first
thing I've heard of
Mr. Fernando Diallo :
It is very different from other projects in defi space. The
main feature is our 365% APY for staking. Which means anyone who stakes TYFI
tokens get 1% daily reward. This is in addition to the price growth pushed by
increasing supply. That's the magic of the bonding curve model - price increase
with more tokens in the market.
CRYPTO EXPERT
ORGANIZATION :
Alright sir fernando after you finish answering I hope you
say (done) so that I do not interrupt your answer sir
Mr. Fernando Diallo :
Sorry, I didn't realize that. Sorry, I didn't realize that. Done
CRYPTO EXPERT
ORGANIZATION :
Let us continue to the next question, sir
Q2. What achievements has TRONYFI achieved so far? Then,
what is the next big step for TRONYFI to take?
Mr. Fernando Diallo :
We have been building TRONYFI since Oct as our focus is to
deliver a top-notch product addressing market needs. In terms of achievements,
in addition to delivering product on time, we closed our first private sale
round last Friday. We were sold out within 20-minutes. Now, we are heavily
focused on raising awareness about TRONYFI and AMAs are one of those
initiatives.
We are scheduled to launch our Private Sale Phase 2 this
Friday, 11th Dec. Our smart contract is deployed on TRON and is verified. TRONYFI
website is ready to be launched. So, we are obsessed with execution with time.
I believe that;s our strength as well - timely execution,
and that makes us different than other projects.
CRYPTO EXPERT
ORGANIZATION :
wow a very detailed explanation, thank you for the answer,
sir
Mr. Fernando Diallo :
Glad that I could explain well :)
CRYPTO EXPERT
ORGANIZATION :
Well, Mr. Fernando, this is the next question
Q3. Could you please provide some progress on your Roadmap
and what results TRONYFI has achieved so far?
Mr. Fernando Diallo :
Sure. As I was just saying that we have been building
TRONYFI since Oct and have been delivering on time. From or roadmap, the
product is fully tested and ready on TRON main net. Our Private sale is going
well and we are closing that this weekend. Then we are scheduled to launch
publicly on Dec 15th and we are on track for that.
We spend a LOT of time in testing and refining the product
to make sure that the smart contract doesn't have any issues and is working as
expected. We truly believe in releasing the right product at the right time.
In the future, we just launched a Youtube bounty program for
youtubers to push on marketing. Then we have Justswap liquidity even planned
around Christmas. On Christmas we are planning to launch a lottery for all TYFI
holders. In Q1 20201, we are going to introduce yield farming as well. So, a
lot to come and we are super excited for that
CRYPTO EXPERT
ORGANIZATION :
so so far the TRONYFI team has tried to provide the best for
investors who will adapt to this TRONYFI project 👍
Q4. What are the benefits we get from buying and holding
$TYFI?
Mr. Fernando Diallo :
Benefits: price growth due to bonding curve model. Meaning,
more people buy so there will be more tokens and because of that, price will go
higher and faster.
Then we re offering 365% APY on staking. So, you get 1%
daily reward on your TYFI investment. It means that if you compound your
investment back everyday, you'd be double your investment every 23 days. And
this is in addition to TYFI price growth.
We also have plans to use 5% of the volume on our platform
to buy back TYFIs from the market to bring down the total supply. This would
help TYFI holders as their share will grow higher than their initial
investment.
So, three key benefits:
1 - Price growth due to bonding curve
2 - 365% APY on TYFI investment
3 - TYFI share increase due to buy back function.
CRYPTO EXPERT
ORGANIZATION :
well the last question of this session sir
Q5. What other innovations can we expect from TRONYFI in the
next few years? well the last question of this session sir
Q5. What other innovations can we expect from TRONYFI in the
next few years?
Mr. Fernando Diallo :
That's a very interesting question. Years..usually in this
space we see many projects which lasts few months.
We have a long way to go. In the coming months/years, we are
planning to do the following:
1 - Yield farming
2 - Buy back function to reduce total supply
3 - Justswap liquidity
4 - Introducing a range of new features including users
providing liquidity would be rewarded in TRX plus TYFI
5 - We are planning to introduce multi-token staking on our
platform once we establish partnerships.
I can go on forever on this but these are the top 5
priorities for us in the next 1-2 years.
CRYPTO EXPERT
ORGANIZATION :
ok sir it looks like Mr David is here
Mr. David :
Hey David here
CRYPTO EXPERT
ORGANIZATION :
Hahaha yes he is the founder of TRONYFI friends
Mr. David :
Couldn’t able to jump in due to another call but I was here
only
CRYPTO EXPERT
ORGANIZATION :
Alright we are currently in the 2nd session sir can we
continue?
Mr. Fernando Diallo :
Yes, and now David can also help :)
Mr. David :
Ok
CRYPTO EXPERT
ORGANIZATION :
Well session 2 is the best question session from Twitter
Q1. From : @manugotsuka1
The public sale is on 5 days, so I still have a chance to
purshare tokens? What are your requirements to let a person obtain TYFI during
the public sale?
https://twitter.com/manugotsuka1/status/1335408837973733377?s=19
Q1. From : @manugotsuka1
The public sale is on 5 days, so I still have a chance to
purshare tokens? What are your requirements to let a person obtain TYFI during
the public sale?
https://twitter.com/manugotsuka1/status/1335408837973733377?s=19
Mr. David :
Private sale II is this Friday 11th and public sale is on
15th
To participate in private sale you need to fill the google
from and selected on FCFS basis
CRYPTO EXPERT
ORGANIZATION :
ok next
Q2. From : @InfernumTM
How is TRONYFI different from the rest of the communities
that the TRON project supports? What are the specific features that the project
seeks to introduce in the TRONYFI to encourage investment in the medium and
long term?
https://twitter.com/InfernumTM/status/1335455581847519233?s=19
Mr. Fernando Diallo :
As I said we sold our phase 1 within 20 minutes, so join our
telegram to stay tuned and complete the form as soon as it's shared to get TYFI
at discounted price
Mr. David :
Fernando already put more light on this
Mr. Fernando Diallo :
Yes, I've spoken about several features that separates TYFI
from other projects. Bonding curve model, 365% APY etc!
Mr. David :
This image explain the USP in itself
Mr. Fernando Diallo :
Exactly
And a few features in the future - justswap liquidity, yield
farming, multi-token staking etc
CRYPTO EXPERT
ORGANIZATION :
Q3. From : @daniardyans
Some projects are not completely honest with users about the
true mission of the projects. What can you tell us about the TRONYFI mission
& vision in Near Future?
https://twitter.com/daniardyans/status/1335512209993003008?s=19
Mr. David :
TRONYFI is community driven and from day one we keep
delivering what promised till date
We believe in under promised and over delivery
We have clear vision and road map ready and we are working
hard to achieve each milestone
Mr. Fernando Diallo :
We see a world where everyone has a financially secure
future, and everyone has an equal opportunity to invest and grow their funds.
That’s why we developed TYFI with our mission to create a solid passive income
system which is transparent, borderless, and can’t be hacked or changed. This
is our mission.
https://t.me/CryptoExOr/112828
CRYPTO EXPERT
ORGANIZATION :
Q4. From :@Nafisiqbal55
How can we sure that TYFI demand will increase in future? Is
TYFI backed by "TRX"? Does that means if TRX price will grow then
"TYFI" price will grow too? Actually what's your plan besides staking
and holding?
https://twitter.com/Nafisiqbal55/status/1335445367148539906?s=19
Mr. Fernando Diallo :
Demand is driven by a solid use case. In TYFi case, it's
building a passive income system which is driven by price growth and staking
rewards.
TRX price growth is an added bonus on top of TYFI price
growth.
so, all TYFI tokens are backed by TRX - it means if TRX
grows then our contract balance will grow. That would lead to more TRX but same
TYFI tokens and it's simply means higher price of TYFI.
Holding would enable us to keep the token supply increasing
as people will buy and hold. This would result in faster price growth as the
price increase is linked with the total supply. The more token in supply, the
faster price grows.
so, in that case one benefits from both - TYFI price growth
and TRX price growth. That's why our project is so unique and the first of its
kind.
CRYPTO EXPERT
ORGANIZATION :
well here is the last question of this twitter session
Q5. From : @mylhe
Can you elaborate more on how to obtained 365% APY in
investing funds in Tronyfi? Could you explain the structure and mechanism of
staking in your platform? Thank you
https://twitter.com/mylhe/status/1335478944464740353?s=19
Mr. Fernando Diallo :
This is pretty straight. Simply buy and stake your TYFI on
our platform where we have fixed 1% daily reward. Some people may argue that
sustaining 1% is difficult but with bonding curve model and token buyback
strategy, we'll keep it at the same level of APY. So, the best way to gain
great return on your investment is buy TYFI, hold and stake and just get your
rewards daily which you can either sell or invest back to increase your ROI.
CRYPTO EXPERT
ORGANIZATION :
Well I want to thank Mr. Fernando and Mr. David for giving
the answers for the 2 missed sessions
Alright we will continue to the live session are you ready
sir?
@fernando_diallo @tronyfing
Mr. Fernando Diallo :
Yes
CRYPTO EXPERT
ORGANIZATION :
Alright for friends, here are the requirements for this
direct session
IMPORTANT RULES‼️
1. All members may send maximum of 3 questions
2. May not copy the inquiries from previous AMA
3. Must Join this Group (will be checked)
★
@tronyfi
★
@CryptoExOr
The Channel :
★
@CryptoExOrChanel
Follow Twitter
★
https://twitter.com/tronyfi
★
https://twitter.com/CryptoExOr
❗️We'll
open the chat feature for 60 seconds, so people can ask questions directly.
❗️If
you don't follow the rules you will be disqualified and unable to get the AMA
reward.
I'll open the chat after counting 1 to 3
ok group i mute again 🤝
Alright sir, please choose the best 5 questions from this
session
Mr. Fernando Diallo :
Let me take this first
This is very good question
Telegram Username
@samiraxyz:
Q2. How important is the community to Your project? and how
can we collaborate or help share token for the development of the project?
Mr. Fernando Diallo :
It's the community that makes or break a project. Any good
project is useless with the community. Take example of Bitcoin, Ethereum, TRON.
These projects are successful because of their communities. SO, for us the TYFI
community comes first and we always listen to them. One example, during our
private sale round 1, many members asked us to accept TRX as payment as we had
only USDT. So, we had to change our material and other documentation to
accommodate that request. In future also we are going to introduce community
governance meaning the community would decide where and what we build in
TRONYFI. So, we ask every member of TYFI to communicate with us, spread the
word about project and give us their feedback so that we can make the product
driven by them not by us.
CRYPTO EXPERT
ORGANIZATION :
Please choose a pack this is our best session
Mr. Fernando Diallo :
Let me find the next one
Next I'll go for this one as it's a customer focused
question
Telegram Username
@surjobegum:
📻Projects that are not
traded on major exchanges remain unnoticed.In this situation what does you
think about listing your token on the leading exchanges?
Mr. Fernando Diallo :
I agree with you and we have plans to add liquidity to
Justwap to start with. Of course, we'll target to list to more and more
exchanges to get more eye bolls on TYFI to drive its adoption and growth. So,
we do have that in our plan. For that we would collaborate with the TYFI
community to spread word about us so that when we approach an exchange, they
can't say no!
Mr. Fernando Diallo :
next this one
Telegram Username
@Moucac:
Q1. Smart contracts are vulnerable to bugs, and even
recently three big new DeFi projects were victims of this, costing users funds.
How efficient and secured is your smart contract, and did you ever audit it via
any external party?
Mr. Fernando Diallo :
Very true. That;s why we have been working since Oct only to
ensure that the contract we deploy is fully tested with all possible attacks
and all loopholes are addressed.
We had a lead developer just looking at the smart contract
auditing. So, we have put a lot of effort in making sure that the contract is
bug-free. In future, we are engaging 3rd parties to do an audit, not just one
but at least 3.
next and i guess the last one
Telegram Username @jampijampiopit:
what made you choose tron
network as the DeFi copy of your project?
@tronyfing
@fernando_diallo
Mr. Fernando Diallo :
TRON is a network which has similar features as Ethereum in
terms of security but it's way cheaper than ETH. So, for our community members,
we decided to develop it on TRON to save approx. 96% in gas fees. This way,
they'll save money and can invest that with TYFI and grow it at 365% APY
CRYPTO EXPERT
ORGANIZATION :
ok is there anything you want to add sir?
@fernando_diallo @tronyfing
Mr. Fernando Diallo :
All I want to say thank you to you and your group. And I
invite your members to participate in our group, private sale and public sale
whichever fits best and let's grow as a community and make this world a better
place!
Mr. David :
Thanks all for your time
CRYPTO EXPERT
ORGANIZATION :
OK, I will end this AMA, thank you very much for your
presence while you are busy and willing to take your time to be in our
community, sir 🙏
I'll open the message in a 3-1 countdown
🤝
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