Here’s our 31th AMA recap!
Thank you to the Infinity Chain Club for participating in Ask Me Anything (AMA) with Metric Finance on December 22, 2020. This guest star,
Julios Stamford — The Lead Marketing Director Of Metricfinance
Introduction
Julius Stamford,
One of the team members involved in digital marketing has been communicating with you
Thank you for setting up this AMA series, we hope you enjoy it
Yes good afternoon esteemed host and members I’m julios Evan stamford, the lead marketing director of metricfinance, hold a degree in economics, and an MSc in Pol sci and economic integration, I’ve been engrossed in cryptocurrency trading, digital analysis, since 2016.
Well I’ve been a crypto enthusiast,for a while, lol even if I unfortunately got caught up in the bull run, bought the ATH, whilst systematically practicing learning, and understanding the Rudiments further, proud to say we’ve become experts and as such extended our knowledge base into the Ethereum Blockchain basis, and yes , if you’d understand, the Rudiments if economic has got a somewhat symbiotic relationship with cryptocurrency analysis and integration also, I’m sure that helps😊😊
Q1. Starting with the very basics, can you provide a simple description MetricFinance for our Community? How did you get idea create MetricFinance?
Julius Stamford,
Metricfinance can simply be analysed as a decentralised finance project which is obviously built on the ERC 20 smart contract, it’s a token which has been integrated to provide immerse utility for the defi space, its being developed to bridge and solve the problems in the defi space.. in shorts- Metricfinance time is a multi utility token which inculcates governance features, liquidity pool financing, Dapp creation for lending activities to earn tokens, staking and yield farming also.
Our liquidity pool system is a pooling mechanics arbitration system that rewards both buyer and liquidity providers, thus alleviating issues of impermanent loss. MetricFinance offers solution which aggregates cryptocurrency exchanges, non-bank liquidity providers, Forex brokers, cryptocurrency brokers, OTC orders of institutional clients, hedge funds and thousands of client-broker orders. This enables us to create the deepest liquidity pool in the industry.
We’ve got many more functions, usecase, and issues we aim to solve with the emergence of our token and our platform
We can go through more details via our medium post
Metricfinanc.medium.com
Q2. Can you tell us about the advantages of MetricFinance? How is MetricFinance better than other platforms? makes it unique compared to competitors?
Julius Stamford,
Ok I’ll like to layout a few of our features
Yes, there may be a few other platforms, that may be coherent with ours but then there are a whole lot of uniqueness of MEFI token.
I’ll start with the diversity, MEFI token is not a single use token, we have built and integrated a token of multiple functionality and features, and are still researching further methods of inculcating hyper activity on the platform.
We have developed a smart contract that is non mintable prevents any generation of extra tokens( this has been verified fully)
When liquidity is added into the market, in order to increase price,and push value upward, there’s a percentage allocated for the “buy back and burn process” this inevitably is reducing the total token supply whilst systematically increasing price and value
Also, value is added to holders via our 2% transaction fee charged on sell transactions.. although this charges are variable depending on howlong seller has held the coin, these fees are also shared between holders to encourage holding..
All these measures have been set in place to achieve one goal (moon 🌒)
Also, we are rolling out a varieties of features like the M-LEND,
M-SWAP M-stake feature
Q3. About $MEFI, can you explain about the tokenmetrics and use-cases of this token? how much supply is available? where will the token be allocated? And when it’s expected to buy it?
Julius Stamford,
We’ve got a total supply of 50000 MEFI
Which is non mintable, can be verified as our contract has been deployed, verified and is open sourced, we have also sent an update request to etherscan also.
20000mefi(40%) has been reserved for presale .. and whichever isn’t sold would be split in two, half of which will be sent to a burner address,whilst the balance will be distributed between holders of MEFI coin.
We will begin our PRIVATE SALE by tomorrow, 23rd of December,2020 at exactly 14:00UTC
WE ARE HAVING A WHITELIST COMPILATION FOR THE PRIVATE SALE BY 11:00 TOMORROW, INTERESTED MEMBERS CAN REGISTER THEIR ERC20 ETHER WALLET TO PARTAKE IN THE PRIVATE SALE WHICH HAS A ETHER CAP OF 200ETH.
PRIVATE SALE RUNS FOR 48HRS OR WHEN 200ETH IS FILLED
PUBLIC SALE BEGINS ON 26TH OF DECEMBER 2020.
METRICFINANCE PRIVATE SALE WHITELIST FORM WILL BE RELEASED SOON,IF YOU GET IN,👍👍, BALANCE WILL BE OPENED FOR MEMBERS
Here’s a countdown timer for the private sale whitelist compilation
Q4. About security, how strong and secure is MetricFinance?
Julius Stamford,
We have been doing everything we can to increase the security of our platform from our codes to our websites and our main net which is being made. Different moves we have made via security includes contacting reputable auditing companies to request audit of our code like certik and most recently solidity.finance, we await results of those audits .
Also our ether source code has been verified by etherscan, it’s open, our webpage is HTTPS secured and secured from ddos attack.
Every Dapps being made is put thru variety of tests..
Infact we will be opening a bug bounty very soon for persons to access our platform and test our vulnerability, all these in a bid to improve our security’s if our platform
Q5. What are the major milestones MetricFinance achieved so far & what are in future pipeline?
Julius Stamford,
Yes definitely, we understand that we are a growing community and are doing everything to ensure growth stability and a positive adherence to the defi ecospace, we are sure of progress..
One of our major milestone I believe, is the development of our platform which has been worked on for a very long time,. Which is being .
Creation of the M LEND platform and integration- this is in the testnet process and would be deployed upon full launch.
Contact establishment for partnership purposes with ICO PANTERA the leading largest crypto community in Korea,
- integration of the major staking platform using Ferrum platform. Whilst M stake is being tested.
In the future as seen in our roadmap we aim to establish a token developed in the right trajectory inculcating growth development and efficiency
TWITTER QUESTIONS
Q1. Please explain the interest rate of P2P loans.
Also, can we trust the creditor who provides the p2p loan?
Julius Stamford,
As a MEFI holder, you will be able to access cash without having to withdraw your Crypto assets, and earn an attractive interest rate for lending money to other investors. Following the 2018 market crash, plenty of crypto investors found themselves in a dilemma: cashing out their assets and assuming a big loss, or holding until prices would rise again. MetricFinance emerged to mitigate that dilemma, giving investors an alternative to use their cryptocurrency assets as collateral for a loan.
Yes definitely the interest rates for the p2p loans may vary between 5%-15% depending on the market situation, growth, development and stability,
Yes definitely creditors are backed by automated smart contract commands, thus funds cannot be expelled or taken out without an authorization.
Q2. Yield farming is another essential service that will be present in the metricfinance platform. But what are the differences between your yield farming model and others that exist today? What is the highest yield percentage I can get with Metric Finance?
Julius Stamford,
At its core, yield farming is a process that allows MEFI holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing Your MEFI tokens
MEFI holders can contribute to the liquidity pools, locking up their MEFI token in exchange for APY which can rise up to 450%. This is variable tho depending on series of factors.
I hope this answers your questions
Q3. A few days ago you announced that you have been audited by a well-known audit company, namely CERTIK. Can you explain to us, is this an continued audit? or only once did you do an audit with CERTIK?
Julius Stamford,
Well, we requested an audit of our code from two reputable platform..definitely we are a growing platform and technology will always advance, as we add codes,upgrade our platform we’d definitely contact auditing firms to look for vulnerability and code issues.
Q4. It says in your website you have plans in progress to partner with other companies. Can you get us ahead about any potential alliance incoming?
Julius Stamford,
Yes we do, there are a lot of details up our sleeves some of which we may not want to reveal as paper works are still being conducted but definitely, one which is almost done is partnership with ICO PANTERA, the biggest Korean crypto community that partnered with a lot of online reputable firm, we hope to boost our audience and recognition by doing this
Q5. Can you tell us what are the main benefits of a $MEFI Token holder? For investment purposes, why do we have to invest in MEFI & what benefits does MEFI give to holders?
Julius Stamford,
Ok, as listed earlier there are a lot of benefits of holding Mefi
As regards benefits I explained a few of them earlier.
2% transaction fee …distributed to holders.
Value increase
Governance ability..holders with a minimum amount of tokens held will be able to vote and make decisions
3 unsold presale tokens are distributed(seriously doubt the availability tho😊😊)
TELEGRAM QUESTIONS
Q1. @andrewcoad
MEFI is developed under ERC20. What makes you develop under ERC20 rather than other blockchain?How do you manage the gas fees of $MEFI since ERC have huge gas fees?Also how fast and secure are the transactions of $MEFI?
Julius Stamford,
It’s widely understood that the Ethereum smart contract has thoroughly expanded over the years,becoming very popular, especially in the defi space (which holds roughly $3billion in funds) we believe that Ethereum is a decentralized, open-source blockchain featuring smart contract functionaliTy is definitely the most efficient host for MEFI token…
Also for management of gas fee, as we understand that gas fees can be a little crazy depending on the market situation, we at the backend are developing a platform whereby some percentage of funds generated via the transactional fees can be used to compensate for the excessive gas fees wherever applicable
Q2. @Brucedt
#Metric Finance community is growing, SO how can we user help you and How can we contribute your quota towards your success?
Julius Stamford,
Yes it’s widely believed that everyone has got a role to play in growing the community, so has the members also got a role to play, users can help us by sharing the word, about us, preventing fud, enrolling in our governance programme by holding our tokens so they can make decisions via voting system
Q3. @Abdullah_Alabi
Partnership with other project(s) result in synergy that would increase growth rate. which project(s) has Metric Finance partnered with or looking forward to partner with?
Julius Stamford,
We have stated answers previously
Yes we do, there are a lot of details up our sleeves some of which we may not want to reveal as paper works are still being conducted but definitely, one which is almost done is partnership with ICO PANTERA, the biggest Korean crypto community that partnered with a lot of online reputable firm, we hope to boost our audience and recognition by doing this
Q4. @jerryziz91
Typically, investors buy tokens that are likely to increase in price in the future. I saw that, total supply of the token is huge. Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
Julius Stamford,
Yes I’ve explained earlier tabor, I don’t believe that a token with a total supply of 50000 is huge, considering the price of the token, and as thus, the fact that our smart contract is non mintable prevents any generation of extra tokens,..
And note that if tokens are not sold, during presale a percentage is burnt.
When liquidity is added into the market, in order to increase price,and push value upward, there’s a percentage allocated for the “buy back and burn process” this inevitably is reducing the total token supply whilst systematically increasing price and value
Also, value is added to holders via our 2% transaction fee charged on sell transactions.. although this charges are variable depending on howlong seller has held the coin, these fees are also shared between holders to encourage holding..
All these measures have been set in place to achieve one goal (moon 🌒)
Q5. @Brucedt
Do you have any any Token Burn plans to increase the value of Token & attract Investors to invest?Can you tell me your plan?
Julius Stamford,
Yes definitely we have got token burning plans which we explained earlier
Every unsold tokens will be burntmm this has ultimately reduced supply, from every transactions 2% is deducted depending on howlong tokens have been held, and these fees raised are shared between members,
Q6. @andrewcoad
I could see that NFT isn’t yet included in #MEFI ecosystem, should incase there’s high community demand for it, will it be considered? If yes, how will it be done? perhaps voting or which other means?
Julius Stamford,
Yes definitely Non fungible token development and incorporation are a smart and intelligent area of growth. One of the reason we have included the governance features in our community is to ensure that holders can vote,suggest and also bring ideas with regards what’s right..if there’s demand for NFT, definitely we’d incorporate..
By the way, we’ve got intelligent team too
- Telegram : http://t.me/metricfinance
- Twitter : https://twitter.com/metricfinance
- Website : http://metricfinance.io
- Medium : http://metricfinanc.medium.com/
Thank you for trusting Infinity Chain Club as the organizer of the event today, hopefully everyone can understand about Metric Finance.
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