AMA Theme : Introduce
Findora
Date : 12th January 2021
Veneu : Crypto Expert Organization
Spokesman : Matt
Arney | Head Of Growth
Ken Berniklau | Head Of Product
Management
SEGMEN 1 : INTRODUCTION
Crypto Expert
Organization:
Hello host from Findora 👋
@kenb7 @mattarney
Mr. Matt:
You have our new stickers - great!
Crypto Expert
Organization:
Previously I would like to thank you for taking the time to
attend the AMA event with our community, namely the Crypto Expert Organization,
sir. 👌
I love Findora stickers 👍
So beforehand can I call you Mr Matt or Mr Arney? Which one
is better
Mr. Matt:
Please feel free to call me Matt
Crypto Expert
Organization:
All right, Mr. Matt. Well are you ready to answer the
questions we have prepared for Findora today?
Mr. Matt:
sure, lets go!
Crypto Expert
Organization:
Beforehand can you introduce yourself to our community sir.
It could be from your background or something like that, your experience is
tense or interesting
Mr. Matt:
My name is Matt Arney - Before joining Findora, I co-founded
and successfully exited from three international startups in the enterprise
language & technology space. My favorite beach is Kuta Beach in Bali.
Crypto Expert
Organization:
Ah bali when when I hope to meet you in Kuta 😁
Mr. Ken:
Hello everyone! - my name is Ken Berniklau. I'm Director of
Product Management at Findora and I'll be joining Matt today. My expertise is in launching early stage
start-ups, product development, leadership, and managing in a growth
environment.
Crypto Expert
Organization:
Ah, Mr. Ken, here also turns out to be a Crypto Expert
friend, sorry you didn't realize it, Mr. Ken 😁
Thank you to Mr. Ken and Mr. Matt for coming today. Okay,
let's just start entering the first session where I have five questions that
you will answer, sir
Crypto Expert
Organization:
First question
Could you explain a little about Findora? and what Is make it different
From another Project?
Mr. Matt:
Findora's goal is to leverage blockchain technology in order
to revolutionize financial services. We believe that the financial services
industry infrastructure is outdated and in need of innovation. We envision an
open, fair and transparent financial infrastructure that can serve billions of
people, providing true financial democracy.
Findora solves four core problems inherent in blockchains
today
- Confidentiality
- Scalability
- Interconnectivity
- Auditability
done
Crypto Expert
Organization:
Sounds very good sir Matt. Is there anything Mr. Ken would
like to add?
Mr. Ken:
I think Matt did a great job answering that one!
Crypto Expert
Organization:
Well we will continue to the next question
Second Questions.
What features does the Findora have? Is this feature different from
other projects?
Mr. Matt:
Findora is a smart contract platform with auditable privacy
features. As a financial public chain, Findora has always regarded compliance
and auditability as its core functions (see Findora's white paper), and has
identity functions such as financial passports, the first of its kind in
blockchain. The Findora mainnet token FRA is designed to comply with FATF
(Financial Action Task Force)’s VASP compliance requirements. It is not a
privacy currency and will not be affected.
All tokens created and issued on Findora will have privacy
features with key differentiators from the aforementioned privacy coins: 1.
They are auditable while the others are not (that’s why Zcash and Monero have
raised some regulatory concerns); 2. privacy preserving coins on Findora
support smart contracts (while the others do not). This is significant: users
can program these coins like those on Ethereum. In the future, every token
should have privacy features.
Selesai
Crypto Expert
Organization:
Good translation I think you can speak Indonesian already if
you visit Bali frequently 😂
Mr. Matt:
Great translations Mr. Fahmi!
Crypto Expert Organization:
Well we will go to the
third question.
What achievements has Findora achieved so far? Then, what is the next
big step for Findora to take?
Mr. Ken:
Let me start with a report card for 2020, as it was a busy
year for us
Our main achievements in 2020 including inventing a very
unique DAO, DeFi fund management system that supports privacy preserving asset
operations voting/on-chain governance. We believe such blockchain based
organizations will change the world.
We are also responsible for discovering one of the most
efficient trustless Zero-Knowledge Proof systems. We’ve also built an entirely
new blockchain based on the newest ADS technologies from the ground up purely
using Rust + WASM. Finally we completed one of the world's most comprehensive
cryptography libraries - ZEI.
done
Crypto Expert
Organization:
Lots of things will be finished in 2020, it must be very
busy because I see Findora that the project names are clearly plastered
everywhere
Mr. Matt:
We're glad you're seeing Findora out there - thank you for
sharing!
Crypto Expert
Organization:
I hope Findora will be successful quickly and become a
progressive project
Mr. Matt:
We are working very hard to make this happen - thank you
Crypto Expert
Organization:
All right, Mr Matt and Mr Ken. Here is the fourth question
What are the benefits we get from buying and holding $FRA?
Mr. Matt:
So, FRA is the native token of the Findora platform and is
required for access to its core features and functionality, including staking,
governance, payment for transactions, privacy-enhancing features & access
to advanced financial application building tools and other services.
Just recently we held a public sale which was completed 2
days early this past Saturday.
We have also designed many use cases where you have to lock
and stake large amounts of Findora tokens to access mining, application
building, and premium features.
Crypto Expert
Organization:
It means that FRA is very important to access on Findora,
right sir matt?
Mr. Matt:
Yes sir - it's a big part of our platfrom
All the details are on the following website
info.findora.org
Selesai
Crypto Expert
Organization:
Alright, thank you for the answer, sir, I hope the admin
admin and Crypto Expert members can understand how important FRA is for various
things, Crypto friends.
Well here is the last
question of our first session, sir.
What other innovations can we expect from Findora in the coming months
or years?
Mr. Ken:
Our main roadmap items for 2021 revolve around launching our
mainnet which will occur in Q1 2021. We also plan to focus on phase II which
includes RSA accumulator based storage optimization and our DeFi
infrastructure.
We plan to deploy ZK Rollup, Accumulator based storage,
confidential liquidity bridging and Dark Pool Dex. We will also optimize ZKPs
for different use cases, hardware acceleration and MPC for blockchain use
cases.
A graphic is sometimes a better view...
Selesai
Crypto Expert
Organization:
I hope this year Findora can carry out its work smoothly,
sir and more importantly, to maintain our health because it is impossible for
us to work with focus if our bodies are shivering or The like 😁
Mr. Matt:
Yes, we all need to be extra careful for a little while
longer
Mr. Ken:
Yes - I couldn't agree more...
Crypto Expert
Organization:
Alright, thank you for answering the five questions that
have been discussed by the Crypto Expert admin for Findora today, Mr. Matt and
Mr. Ken
We will enter a twitter session where the team has a
discussion choosing the best questions from the twitter media
Mr. Matt:
Great - lets see them
SEGMEN 2 : TWITTER QUESTION
Crypto Expert
Organization:
Q1. From Twitter :
@ningsihatr
Why did Findora want to build De-Fi? And what is Findora's opinion on
De-Fi?
Mr. Matt:
Good question @ningsihatr Why? Because DeFi is super hot
right now! In fact, Findora will participate in the Defi in two ways:
1. Findora provides ZK Rollup and confidential transaction
capability to the existing Defi apps on ETHEREUM to enhance their throughput
and privacy: faster, cheaper and enabling a lot more features otherwise
impossible without confidentiality
2. Findora is based on cross chain and verifiable
computation technology, any Ethereum based assets can atomically transfer and
transact on Findora.
We can provide scalability and cost advantage to apps built
directly on us. Private Defi applications include a series of new defi products
including Dark Pool Dex (allow secret large ticket crypto transaction),
confidential FX pool (that can allow confidential cross-border money transfer),
just to name a few. We will release soon with mainnet launch. The technology we
use to build privacy preserving defi includes Bulletproofs, Dark compiler,
Supersonic, Plonk, advanced cryptography signatures and more. The Zei
cryptography library that Findora built is one of the most advanced and
comprehensive crypto libraries in the world.
done
(one more graphic I just found)
Crypto Expert
Organization:
https://twitter.com/ningsihatr
Congratulations to those who have Twitter and that was the
answer to your question. I hope you can understand
Q2. From Twitter :
@iqbalmlnu
Recently, many platforms manage digital currency purchases via credit
cards. Will Findora also use it? Or does Findora have other plans?
Mr. Matt:
This too is a good question - Currently We do not accept
credit card partially due to the very high charge rate that exists.
Usually there have to be a settlement agreement between the
credit card company and digital currency platform for how to handle charge
backs - this is something that we're still investigating but for now we do not
accept credit card payments
done
Crypto Expert
Organization:
Q3. From Twitter :
@kuroha_neko
_
Findora breaks open data silos allowing easy interoperability... How
can data be easily reachable and shared, but yet secure and private?
Mr. Ken:
Another good question.
Since the privacy on a blockchain is guaranteed, we can break the data
silos: even competitors can do transactions on the same Findora blockchain
without being worried that they can see each other's business secrets.
We do this with Zero knowledge Proofs technology. They are the newest and best transparent
algorithms that no pre-Quantum computers can break. They are extremely secure.
Selesai
Crypto Expert
Organization:
Q4. From Twitter :
@dadeardika
on several occasions the AMA that you (Findora) held. was
very impressive where you shared photos of your friends, dogs and even your
family ... what message do you want to convey? considering that many projects
choose anonymous ..
Mr. Matt:
Hmmm, this is a really interesting question. Mostly, I try
to be open and transparent and not hide in the crypto shadows like some of our
competitors do. My LinkedIn and Twitter are both open and available for people
to connect with and review what I'm working on. BTW - my dog can surf check him
out
Thanks for your question @dadeardika
Crypto Expert
Organization:
This is the last question from this second session Mr. Matt
and Mr. Ken.
Q5. From Twitter :
@Michelle_zudit0
Contract security is a big issue at DeFi. Has your smart contract been audited? How do you guarantee protection of user
funds?
Mr. Matt:
This is a timely question @Michelle_zudit0
We just released a report on an audit that completed last
week - you can find this here: https://findora.org/2021/01/findora-code-audit-report/
Crypto Expert
Organization:
Well, those are the five questions that have been selected
and answered by Mr. Matt and Mr. Ken. I hope that your selected questions can
be filtered perfectly
I remind you that Findora is an excellent open project.
Trust me 👌
OK Mr. Matt and Mr. Ken we will have the last session of the
AMA where I will open the chat and the participants ask questions
Are you ready to choose the best question sir
Mr. Matt:
Ha ha - I wanted to use that sticker
Mr. Ken:
Sounds good...
Crypto Expert
Organization:
😁 Findora's stickers are
very inspiring for people who love spam
Mr. Matt:
ha ha
SEGEMEN 3 : AMA LIVE
Q1. From @jackmahere
Will the $FRA token be listed on a large market like Binance?
Mr. Matt :
Now we know where Jack Ma is - so happy to see that you're
ok Mr. Ma
The next step for Findora is to release mainnet which will
happen in Q1 - I am not allowed to speak about exchange plans (my lawyers) but
check back on our website later this month for a few important annoucements
Q2. From @vsuga4
☘️Findora has plans to be part of the new trend of
DeFi? is already working on it?
Mr. Ken :
Testnet has been in operation since mid 2020 an release
plans for mainnet in 1Q21
Q3. From @ixtolox
Who is your investor? How do you generate revenue to sustain the
project? What are your goals to the end of 2021 and beyond?
Mr. Matt :
Good question Winter Mol - Findora is fortunate to be
well-funded and have secured investments from reputable institutional investors
including Polychain capital, Allchaineed, Krypital Group, Axia8 Ventures, Cabin
VC, Powerscale Capital and Jack Lee as well as the community at large. The
funding size is enough for Findora to aggressively develop the community and
enterprise applications as an entire ecosystem.
Q4. From @Ichigyou_12
I see some special key words on your website, can you please explain to
us about Zero Knowledge Proofs (ZKPs) ?
Mr. Matt :
A zero-knowledge proof (ZKP) enables one to convince others
that a statement is true without revealing any information on why this is the
case. For example, one may want to prove that a number lies in a specific range
without leaking the value of the number itself. Zero-knowledge proofs are the
core technical tool behind many of the privacy, policy compliance, and
selective disclosure features in Findora.
Q5. From @ASYQ_STAR
The final audit report found that the Findora codebase was in the
"very low" category for security vulnerabilities. So how does Findora keep it secure before
collaborating with security auditing firms?
Mr. Ken :
This was an audit on codebase, which to ensure the security
prior to mainnet and identify and remaining areas of focus prior to launch.
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