Here’s our 76th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Choice Farm May 24, 2021. This guest star,
- Elon
Introduction
Elon (never pm for money),
I am the community manager of Choice Farm and I can’t wait to tell you guys all about Choice Farm!
Starting out, can you please provide us with a simple description of Choice Farm?Elon (never pm for money),
Yes that’s why I’m here. To tell you guys all about Choice Farm.
First of all, Choice Farm is a liquidity farming project listed on Binance Smart Chain, you are able to trade CHO token on Pancakeswap.
The Choice Farm initial liquidity is 200,000 BUSD and 600,000 CHO, the total supply is 2 millions.
We are trying to make Choice Farm a project that worth long-term hold. And trust me, you will hold CHO for long-term by the end of the AMA session.😆
Could you provide a brief introduction to the important features of Choice Farm? What makes Choice Farm different from other projects that make it superior?Elon (never pm for money),
The main idea for the Choice Farm is to reward the long-term holders.
Cause a great project need long-term holder to survive. So the long-term holders can rewarded extra through the liquidity farming.
There are 0, 3, 7 and 20 days stake locked for the investors to choose, the farming boost are 0%, 10%, 20% and 40%.
Everyone are able to choose the stake period they wish to stake and get rewarded accordingly.
You can’t withdraw your liquidity once the stake is locked.
This mechanism can let the Choice Farm long-term supporter and believer to gain the most of the reward.
The long-term holder are the back bone of the project, if we are able to choose the group to profit, it better be the Choice Farmer and believer.
How do you convince us of Choice Farm security contract code? have everything been audited to avoid unwanted problems?Elon (never pm for money),
We have a experienced team working on writing and bettering the contract code before the list of Choice Farm.
They are experts in this field and also participated in the coding of two renowned BSC projects’ contracts.
Moreover, rounds of test were run on the finished contract to ensure its stability and security. It can be guaranteed that the holders don’t need to worry about the safety of stake and all transactions on Choice Farm will keep going smoothly.
Also the audit report has already upload on the Github, but we will looking for an different audit company to audit our vault code once the Choice Vault code is finished.
But to be honest, it’s unlikely for an project to be bugless. No one is perfect, so we encourage our user to explor the contract and report the bug to us.
It’s take the community to build a great project after all😁.
Can you explain about tokenomics and functionality $CHO? What incentives do we get for holding $CHO?Elon (never pm for money),
We encourage holders to invest Choice Farm in long-term, we will also encourage holders to hold CHO tokens in long-term.
The fundation idea for the Choice Farm is to reward the Choice Farmer and believer, you are willing to provide liquidity to Choice Farm, you are rewarded, you are willing to provide liqudiity to Choice Farm in long-term, you will be greatly rewarded.
The Choice Vaults will be available next month, the CHO token will be the pool that hold the biggest weight.
In another word, the CHO holders are the type of person to reward generously.
The CHO tokens will be the fundation token of Choice Vaults, it will be worth to hold!
Could you tell us about Choice Farm roadmap for now? How far has this project been developed? what are in future pipeline?Elon (never pm for money),
Yes I’m so excited to answer this question.
In fact, introduce the road map to the community is the main purpose I’m here today.
https://choicefarm.medium.com/choicefarm-road-map-2940a21b04cd
Here is the Choice Farm road map, as you can see, The Choice Vault won’t be available until the end of July.
The reason I’m so excited about this AMA session is that I would like to tell you guys the Choice Vault are going to launch early!
The Choice Vault code is almost finished and it just going to take few more days for the team to test amd deliver to audit group for auditing.
The Choice Vault will list on Binance Smart Chain around 10th, June.
The Choice Vault will be the back bone of the Choice community. The vault will be the aggregator for the community to profit.
The Vault that automaticlly generate the profit will be the key to bring everyone together and greatly enhance the community consensus.
I’m sure you guys are no stranger to the community consensus. An strong community should have a strong community consensus.
TWITTER QUESTIONS
While launching a solid product but the whole market crashing at the same time. Is $CHO going to crash too? How do you prevent $CHO from collapsing too?Elon (never pm for money),
Well, the market crashing is not the thing that all of us wish to see, but it’s happening. But myself is a crypto believer, crypto is gonna be huge someday, the market just taking a nap for now.💪🏻
We have the confidence to say that $CHO is unlikely to crash. As the project has a solid user foundation and active transactions, the consensus of Choice Farm community is coming into shape.
Meanwhile, the launch of Choice Vault, which excels at its high profitability , will attract a lot more users to expand the community and make Choice Farm a more sustainable project.
In short, the team aims to build a project with high practical value and the goal are being achieved step by step.
I also would like to tell those who lost so many at the market crash: the bull market will be back, cause the crypto will be the currency that lead the world. Hold it and believe it. We are in this together.💪🏻
As I know, Choice Farm is a governance and incentive project based on the Binance Smart Chain, so why did you choose BSC? what are the advantages? is it possible that in the future you will expand to other networks? what is my advantage when joining you?Elon (never pm for money),
Binance Smart Chain offer the safe, fast and cheap chain for the team and user.
BSC is the best chain at the moment, that’s the reason we select BSC as teh first chain to launch Choice Farm.
And the answer is absolutely! We would love to get in touch with more community members. And the muti-chain project is always the best option.
We were planning to launch Choice Farm on Etherum, matic and heco be the end of the year.
Our team is evaluating the pros and cons of listing on other chains, but no matter what’s the final decision, we are always doing it for the best of project.
By reading your medium, I could see that they had several important problems where many investors were in a bad situation. How does the developer team intend to regain the trust of the users and consolidate a strong community?Elon (never pm for money),
We understand that there are many investors having rough days due to the market crash.
Like I said, the bear will be gone sooner or later. At the meantime, you can always stick with Choice Farm.
Cause the CHO is pair with BUSD, the price are hardly effected by the market crash. And as long-term holder, you can always hold CHO until the bear market finished.
No matter what happen out there, the Choice Farm will always be your choice shelter.
If you are the long-term supporter, you will realize that the believer is the members hold the most of the token, and this kind ratio is important to the community.
If we see a new project we Always think about next future where that project will be listing after PCS. If you say binance i still can believe it because you are new. So can you give me some market your plan to listing on near future ? And why choose them ?Elon (never pm for money),
Pancakeswap is currently the biggest trading platform on Binance Smart Chain, so we think that PCS will be enough for the BSC.
We are going to get the Choice Farm on Etherum once the gas fee is lower, and environment is suitable for the small investors.
So the Uniswap and Sushiswap will be the DEX listing CHO token.
The bigger market, the bigger chance.
BSC project hyipe on my eyes. 1. Supply is not too much but have High APY / APR 2. Supply is so amazing a lot and always have burned supply there must be some different style too. But most hyipe is this 2 style. Now how about ChoiceFarm, how much APY/APR will you give to us ?Elon (never pm for money),
The total supply for CHO is 2 million, the number is not too much compare to other project has the supply more than 100 billion.
The APY on the Choice Farm website is the current APY for the project, everyone are most welcome to check it. https://www.choice.farm/farm
The liquidity farming is only part of the Choice Farm.
So is the APY showing on the website, the APY will be changed after the Choice Vault.
Yes the numbers won’t be as high as right now, but the income will be much more stable.
The best time to join Choice Farm is yesterday and right now!
TELEGRAM QUESTIONS
From : @resa46in doing farm in choicefarm there is a 0 day lock option, what does that mean?
Elon (never pm for money),
The farm with 0 day lock means no lock for your staking, you can decided to stop faming whenever you like. But you won’t recieve the faming boost for 0 day lock. The 3 days lock have 10% farming boost, 7 days lock have 20% farming boost and 20 days lock have 40% farming boost. Kindly select the days you wish to stake and enjoy the farming boost.
From : @Madsa12DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?
Do you think DeFi will destroy the existing financial system?
What’s ChoiceFarm project Approach towards DeFi?
Elon (never pm for money),
Like I mentioned before, crypto is the future of the finance. It’s will be the currency to lead the world. And DeFi is the very unique part of the crypto. That’s also one of the reason we decided to having an Decentranized project. It will be project with 100% fairness and transparency.
From : @CraigNyaCOVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? Secondly, are you still on track to achieve your targets as the road map says??
Elon (never pm for money),
Covid 19 is effect everything. The crypto are effect by the Covid and market crash. But we are the crypto believers, we hope the best for the crypto market and Choice Farm. You are most welcome to join us if you are believe in cypto as well. The long-term holders will hold more CHO tokens than the speculator.
From : @nickuiiiWhat are your plans to educate and raise awareness and adoption among the community to make more people understand $CHO Token and its technology?
Elon (never pm for money),
First of all, we have to do the promotion plan with many different community. Let more community know what a great proejct Choice Farm is, the Choice community will be expand while Choice Vault available. It will be the tools to stable and enhance the community consensus.
From : @afisuicideDuring the liquidity farming, Choice Farm will reward the long-term holders with farming boost. Can you explain how farming boost work? Are there certain conditions to get a farming boost service?
Elon (never pm for money),
The farming boost is the mechnesm that support the community. For example, you stake 1000 USDT with 20 days lock, you will farm with 1400 USDT, cause you have gain the 40% farming boost. The only conditon is that you have to choose the stake lock. It will greatly encourage everyone to became Choice Farmer and project long-term investor.
- Telegram : https://t.me/ChoiceFarm
- Twitter : https://twitter.com/_ChoiceFarm_
- Website : http://choice.farm
- Medium : https://choicefarm.medium.com
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Choice Farm.
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