Here’s our 74th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Cretaceous Cash on May 18, 2021. This guest star,
- Monte Thomas — Partnership Director of PhoenixDAO
Hi everyone, thanks for Infinity Chain giving us the chance to do the meeting here.
I am the CTO of CretaceousCash
You can call me Kevin.
Starting out, can you please provide us with a simple description of Cretaceous Cash ?
Cretaceous is a decentralized incubator that funds promising projects to utmostly explore their potential by leveraging the investment power of our community, in this way to render token an exclusive function. Its technology leadership tops among its counterparts.
Can you give a brief introduction to the advantages of Cretaceous Cash? How does Cretaceous Cash do better than DeFi-related competitors?
It aims to Take the lead in helping build the financial infrastructure on the chain, designing an on-chain funds by community members, of community members, for community members. However, compared with the mature traditional financial market, the fast-paced and high-yield nature of the DeFi market today has made investors’ pursuit of capital utilization and liquidity convenience to the extreme. For surging projects, the inability to get enough funds and resources makes their tokens less attractive to DeFi investors. Cretaceous is keenly aware of this market pain point, and through the design of tokenization of the venture capital on the chain, it has become a DeFi project incubator.
Regarding security and transparency, how can you assure us that your security is strong enough? Has Cretaceous Cash been audited?
As a decentralized project incubator, Cretaceous has a complete security mechanism and risk control system to ensure the safety of user liquidity and on-chain asset. For the capital pool, All user investments in the Cretaceous agreement are deposited in the on-chain liquidity pool. Cretaceous group can only trade on decentralized exchanges by calling smart contracts, and have no right to withdraw liquidity. We also have done with the audit which is publish on our Twitter now — https://www.cretaceous.space/audit.pdf
Can you explain about tokenomics and functionality $CTS? What incentives do we get for holding $CTS?
Members of community can use a variety of cryptocurrencies to participate in venture capital investment through smart contracts. In return they will get the platform’s unique exclusive token. The token represents the investor’s ownership share in the venture capital, and its price is proportional to the value of the project funded. After participating in the on-chain fund, investors will get the exclusive token CTS corresponding to the projects. CTS can be used for fund redemption, transfer and transaction. At the same time, they can obtain the token reward by mining by providing liquidity.
Could you tell us about Cretaceous Cash roadmap for now? How far has this project been developed? And what are target Cretaceous Cash for in this year / next year?
Quarter 1 2021: The Pre-Historical Period
Develop Team gathered;
Capital integration within the team;
Seeking the Angel investor;
More details being settled
Quarter 2 2021: The Genesis Period
Smart Contract being perfected;
Audit conduct by a Third Party;
Run the social media groups;
Token being created and on public
Quarter 3 2021: The Booming Period
Start the application on incubation of other premium projects’ teams; Profits guaranteed
Quarter 4 2021: The After-Booming Period
Unlock the reserved token for the investors and then make the big fortune!
For our future plans, with a series of innovations and preemptive advantages, CTS will effectively capture hundreds of thousands of long-term users who are about to enter the DeFi venture capital industry, successfully build the necessary on-chain financial infrastructure, and lead the development of the era of on-chain funds-security , transparency, and high-yield.
Security is very important in every project. Would you mind tell us what is the security mechanism of Cretaceous Cash? (From @imwiiw27)
Just like what I have mentioned that as a decentralized project incubator, Cretaceous has a complete security mechanism and risk control system to ensure the safety of user liquidity and on-chain asset. For the capital pool, all user investments in the Cretaceous agreement are deposited in the on-chain liquidity pool. Cretaceous group can only trade on decentralized exchanges by calling smart contracts, and have no right to withdraw liquidity. As a new member of the DeFi project incubator, CTS condenses the experience and wisdom of senior investors. Through this innovative design, CTS has brought additional liquidity and significantly improved funding efficiency.
Im just curious, why did you chose to name your project “Cretaceous Cash”? What is the ultimate mission of Cretaceous Cash? How do you spread the name Cretaceous in the huge world of crypto? (From @imwiiw27)
It’s a great question and I’m very glad it can be asked. Just like what I have mentioned that Cretaceous is a decentralized incubator that funds promising projects to utmostly explore their potential by leveraging the investment power of our community, in this way to render token an exclusive function. Its technology leadership tops among its counterparts. Actually, Cretaceous represents a period of dinosaurs are being incubated, and it can really attracts people’s eyes. What we have is the highest APY and the Lowest deposit fees, and we are willing to let every user can roar like dinosaurs to get what they earn from Cretaceous Cash which help incubate other projects as well.
CTS’s vision has never been limited to a certain point, but a way of thinking about the market, users, products, and even the entire ecology under the exchange of valuations such as blockchain, big data and cloud computing.
Vertically build an empowering community, and use the dynamic chain of the incubator to fully integrate the ecologically reactive low-field energy users. In the future, it will be considered to sink into each chain by O2O mirroring.
CTS technicians enable interactive processing of full-analysis data, processing and analysis of proprietary data network topics, research and development of network physical layer applications, and deep penetration of users. It will ensure that every logic is a perfect closed loop, and through negative adjustment and static filling, a permanent connection is completed in the occasion of the appearance of CTS.
We are putting great efforts to make our project work well and indeed help our users to make a big money, then we can gain the fame and trust from more people from more places. It will be easy at that time to spread our project all over the world, which we create the most successful project.
Do you agree that the power of the community will drive your project to global growth? What are your strategies for building a large and strong community? (From @19rhagum)
Of course, the power of community cannot be neglected. I think what’s most important is that first our project is reliable and effective for helping users to make money, then it will automatically attract more people to join our community. We can regard our project as major and all other social media materials as minor, the major is going to be booming first then we have the large and strong community.
Is your project a local project or a global project ? Can anyone use your services from anywhere in the world? Is there any restrictions of using your service ? (From @Zafiyakhan2)
Our project is a global project and we welcome anyone from any place to join our community and support us. Anyone can use our services and get in touch with us from anywhere in the world without any restrictions. We are always willing to help our users with their investment and also help more new people to understand how the market works now, and what our project can do for them.
Can you briefly describe what is Cretaceous Cash We would like to know more about it and how it works. (From @19ragum)
The last question is very general. Just like what I have introduced before in the beginning part. Cretaceous is a decentralized incubator that funds promising projects to utmostly explore their potential by leveraging the investment power of our community, in this way to render token an exclusive function. Its technology leadership tops among its counterparts.
It aims to Take the lead in helping build the financial infrastructure on the chain, designing an on-chain funds by community members, of community members, for community members. The Cretaceous creates an asset pool through smart contracts on the chain, which connects members of community and projects which need funding, and improves the utilization and liquidity of capital. Cretaceous creates a liquidity pool corresponding to the funded projects through the use of the smart contracts. This pool allows members of community to participate in the investment. The Cretaceous group can make decisions and investments on new crypto projects by using active strategies, algorithmic strategies with the setting of corresponding conditions and indicators.
From : @zome1999I see there are many risks associated with DeFi, do you agree with that opinion? How do you guys work to make CretaceousCash safe to DeFi?
I know people’s concern and I used to be one of many users in this market too, and also the same till now. For the traditional financial market, venture capital activity is an industry that integrates into the blood of the market. Public fund companies, trust companies, asset management companies, and related banks, securities, insurance and other institutions are all players and participants in this activity to pursue profits. The DeFi process to reshape the financial system in the encryption world currency, the venture capital from crypocurrency incubators apparently is also an important component. However, compared with the mature traditional financial market, the fast-paced and high-yield nature of the DeFi market today has made investors’ pursuit of capital utilization and liquidity convenience to the extreme. For surging projects, the inability to get enough funds and resources makes their tokens less attractive to DeFi investors. Cretaceous is keenly aware of this market pain point, and through the design of tokenization of the venture capital on the chain, it has become a DeFi project incubator.
From : @dinnervvDoes CretaceousCash focus on building or growing and attracting customers and users or partnerships?
Yes, a good company can not succeed by itself, it’s usually with the great partnerships and customers. So we are willing to have more people to join us, not only the customers, but also we want more opportunity to cooperate with other good companies with their great projects, and don’t forget what we do. We help to incubate other projects to grow!
From : @Vangiau04How many members does your group have? What is the status of new members to join your CretaceousCash group in the future?
We have about 7,730 members in our group now, which is close to 8,000. Trump has said he wanted to make American great again, and we are making cryptocurrency great forever. The status of new members who join our group is attracted by our project at first, then our admins and other friendly dependable users will always help them to get know more about CTS and then have everyone’s support.
From : @khoadz08Currently there are many blockchain projects, what will be the reason for your CretaceousCash project to be widely used in the future?
In our common sense, we usually focus on one project and then put all our energy for only one. And sometimes we have to admit that it’s very normal for us to have wrong judgement for some projects which actually do not have any potential. What CTS can do is that, if you invest on us, it means that you have invested on a bunch of promising projects which have been filtered by us.
From : @WallaceFarrarwhat is the background of your team to be able to make such a good and great project?
Most of our team members are in the financial and IT industries. And they have all entered the cryptocurrency market in the early stage, have a corresponding understanding of the major tokens, and have more experience than most people. The most important thing is that each of us has a common goal, that is, how to better allow users to make more money through our projects, and to minimize the risk of loss. In this way, we thought of the incubation model and the birth of CTS.
- Telegram : https://t.me/CretaceousCash
- Twitter : https://twitter.com/CretaceousCash
- Website : https://cretaceous.space
- Github : https://github.com/CretaceousCash
- Medium : https://medium.com/@cretaceouscash
- Gitbook : https://app.gitbook.com/@cretaceouscash/s/cretaceouscash/
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Cretaceous Cash.
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