Here’s our 69th AMA recap!

8 min readApr 25, 2021

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Missile Farm on April 25, 2021. This guest star,

Max — Co Founder

Introduction

Max（NEVER pm First❗️❗️),
Hello, everybody! Nice to meet all of the members in this community. Definitely a dynamic group that any project wanna promote towards!

Let me start by myself. I’m Max, the co-founder of Missile Farm. My background lies in the IT businesses, since I’m a former machine learning developer that does a sub-par job(lol). So I quitted what I’m bad at and sought something that would give me passion-DeFi. I started building my team around connections that I know are specialist in this field. And now we are here, with our very first product-Missile Farm!

Although there are many obstacles and unknowns for us to tackle and explore, I believe our team will make it to the triumph with perserverance!

Could you provide a simple description Missile Farm? What the motivation for starting build Missile Farm?

Max（NEVER pm First❗️❗️),
Missile Farm is a yield farming aggregator running on Binance Smart Chain (BSC). The DApp was designed with the purpose of optimizing DeFi users’ yields as they interact with the other DApps in the DeFi space. Missile Farm Vaults is a yield optimizer platform focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gas costs through battle-tested smart contract code and best-in-class yield optimizing strategies. Missile Farm uses a proprietary dynamic harvesting optimizer to enable the highest APYs on our vaults.

What makes Missile Farm special? How does Missile Farm do better than the competitors?

Max（NEVER pm First❗️❗️),
What makes us unique?

✅Lowest fees

✅Greater compounding rates

✅Easier to use

✅Huge lottery pot

Missile Farm was initiated on Binance Smart Chain with no pre-farm, no pre-sales and with the goal of optimizing DeFi users’ yield farming at the lowest possible cost: https://docs.missile.farm/vaults/fees

Does Missile Farm has its own token?

Max（NEVER pm First❗️❗️),
Missile Farm will have its own BEP-20 token as $MSI. As of now the price of $MSI is around 0.55 worth of BUSD, with a lot of pump room. For tokenomics of MSI, please refer here: https://docs.missile.farm/protocol/tokenomics

Regarding security and transparency, how can you assure us that Missile Farm is safe?

Max（NEVER pm First❗️❗️),
Missile Farm is an open community vetted contract by OpenZepplin and also verified on bscscan so anyone can read it. Third party audit report is available here: https://github.com/MissileFarm/MissileFarmProtocol/blob/main/Audits/VidarAuditMSI.pdf
Also a 24-hour timelock and liquidity lock are also deployed.

Can you please tell us the current Missile Farm roadmap? How far has Missile Farm been developed at this time? and what will you realize in the future?

Max（NEVER pm First❗️❗️),
It has been a big day for Team Missile. Missile Farm has just launched today despite numerous obstacles. We’ve deployed main features of our Farming Vault, including core pools and stats. Our devs are working tirelessly to improve our user experience. Our next steps in the near future include a personal dashboard for personalized data visualization, faster and bug-free site, lottery site and more. In the far future, we will implement DAO Governance using Argon dApp and develop Missile Swap for easier exchange between MSI and other mainstream tokens.

TWITTER QUESTIONS

From : himo_umaruI honestly think everyone just want to ride the rave of the moment DeFi, not that they truly have any value to add. How can we trust Missile Farm as regards this, that you’re truly adding value?

Max（NEVER pm First❗️❗️),
Added value for combining innovative ideas together to form a new product.

Added value from swap incentives.

Added value from users are farming in a safu environment.

Team Missile is striving to innovate and improve everyday. We believe that Missile Farm is going to add tremendous value in the future!

From : hikigayahacciiCan you list 1–3 points of MissileFarm that put you above the competition? What is the competitive advantage of your platform that you feel most confident on?

Max（NEVER pm First❗️❗️),
1. Lower fees. As a farming aggregator, it is inevitable that the project needs an operational fee to get the best yields for users. However, team Missile wanted to control the fee to a reasonably low rate so that users would be able to enjoy the maximum benefit.

2. The lottery incentives. Team Missile will inject 2% of increased liquidity into the lottery pot everyday to give away users the rewards that they deserve. We perceive this as another form of airdrop.

From : bhanyooMany projects are just clones of existing ones, and an analogue of an existing one is created. Do you have different and creative qualities from those who look like you ?

Max（NEVER pm First❗️❗️),
Developing a new platform always requires a lot of research effort. We have learned a lot from our previous experience. We created an ecosystem of mutual support and DeFi, combined with lottery, NFT, portfolio management and more created features that were very unique and different for the user. This is a platform for users to enjoy the benefits DeFi brings. Users can stake, buy and sell and earn many benefits from Missile Farm.

From : kiritoposivleToday with so much project come so many people just think about join early.
How is Missile Farm to prevent early investors from selling their token and what benefit will Missile Farm give to them?

Max（NEVER pm First❗️❗️),
Since by its nature, any decentralized project has no ability to prevent anyone from doing anything, there’s only a few way to let users stick to your project rather than fly-by-night. First is gathering community trust, users’ trust are sometimes very difficult to obtain and even more difficult to maintain. So having a trusting community is like crafting a exquisite gem, where you gotta pay attention to every detail and be patient and respectful to your users. In addition, since investors selling tokens is inevitable, we must ensure that the ones that are still getting hefty returns wont turn to any other projects. So that would entail continuously maintaining the product and ensuring that users are getting what they want.

From : alemia_renkinjuCommunity support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?

Max（NEVER pm First❗️❗️),
We have a global vision and we are engaging with key partners in every region, not just for token promotion, but authentic community development with token holders, miners, and especially developers on our blockchain. Active blockchain regions like Japan, France, Vietnam, Philippines, Korea, India, China, Ukraine, Turkey, UAE/Dubai, Crypto Valley Switzerland, and others emerge we will create DataGrid Collaborative Labs and work with the local members to create vibrant communities. We are looking for community members that want to assist us in building our presence in all regions.

Currently we already have Japan France and China Community. They were all operated by seperate regional community leaders. If you are interested in joining the regional groups please go here:

China: https://t.me/MissileFarmzh
France: https://t.me/MissileFarmFR
Japan: https://t.me/MissileFarmJP

TELEGRAM QUESTIONS

From : @DVDH_29What can you tell me about the NFT? Missile Farm have plans to implement this technology that’s on the top today not only because of its innovation but also because of its attractive community shape?

Max（NEVER pm First❗️❗️),
I like the non-fungible part of NFTs. They are unique and have a sense of belonging. I guess this is the major reason why people would want to invest in things like these-the same reason why they want a renowned articraft from an auction.

Team Missile wants to create something that makes users remember- that they have been a part of this journey and this community, even if unfortunately someday this project might vanish. The value of NFT will still be present and have long-term value that could feedback to the loyal users. For sure, Team missile plans to create NFT for the community and benefit the whole.

From : @tinamar09Are developers still building on your project? It seems there was a Request fund set up a while back and a few apps were built, is there still any interest or new dApps being built on your project?

Max（NEVER pm First❗️❗️),
Yes, but we’ve chosen a different route lately to achieve this. The “build it and they will come” approach we originally took, combined with the Request Fund, hasn’t worked out the way we’ve intended it to work out.

Lately, we’ve focused largely on an integrations approach to get people to build with Request, rather than on Request, where we’ve reached out to 100+ organizations in the industry to see if there would be a mutual benefit to include (parts of) Request’s technology inside of their product/service, to better serve their customers. This strategy has proven to work very effectively, with more than a handful of organizations now either integrating and/or interested in integrating Request as a payment request feature in their product.

We aim to sustain this strategy and broaden up the scope of businesses we approach once the first integrations go live and show success for both their customer base and our network usage.

From :@VagneX0Could you give me 3 key points to convince me and other angel investors invest in project for the long-term?

Max（NEVER pm First❗️❗️),
1. We provide the lowest vault fees

2. We have better auto-compounding rates

3. We give away users tokens with the lottery mechanics and with huge lottery pot

From : @awaracxcMarketing is an essential element of every project, so everyone knows the potential that a project can generate. What is your strategy to attract new users and investors and maintain it in the long-term?

Max（NEVER pm First❗️❗️),
Community community community. More we build strong relationship with our core community the stronger word of mouth spreads. This with the addition of building new products and riding marketing hype will ensure there are no dull periods at jigstack.

Currently our marketing team is doing a good job at creating regional telegram group for promotional purposes. We believe that with time we will be able to create a community that could make huge impact around the globe.

From : @katappamama09How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Max（NEVER pm First❗️❗️),
Users will be able to stay connected and updated through various social networks:

Twitter: https://twitter.com/MissileFarm

Telegram: https://t.me/MissileFarm

Website: missile.farm

Github: https://github.com/MissileFarm

Regional communities:

🇫🇷Missile Farm FR: https://t.me/MissileFarmFR

🇨🇳Missile Farm CN: https://t.me/MissileFarmzh

🇯🇵Missile Farm JP: https://t.me/MissileFarmJP