Thank you to the Infinity Chain Club for participating in Ask Me Anything (AMA) with Trusty Finance on December 2, 2020. This guest star,
Steve Devean — Managing Director
Here’s our 17th AMA recap!
We are glad to meet here :
Steve Devean — Managing Director
Introduction
DxDy www.trusty.finance DeFi 900% APY,
Yes, I am managing director of TRUSTY Finance, I have over 10 years of engineering background, and over 15 years of working as a manager in lots of companies
7 years so far in crypto
Q1. Can you please describe what is Trusty.Finance to our Community? how did you come to the idea to create Trusty.Finance?
DxDy www.trusty.finance DeFi 900% APY,
We are obviously on DeFi wave, we have come up to TRUSTY Finance after seeing the capabilities of YFI and the values it provides to the community
We went through market analysis and we are completely sure that we can do higher rates and more stable yield farming than other competitors
About TRUSTY: Higher APY rates (up to 900%), USDX stablecoin yield farming, high rates are provided by utilizing USDX in payment gateways and services (such as http://citvy.com). You receive a fee for each payment made with USDX (same as Uniswap trades). TRUSTY Finance takes 0 profits
Q2. What is unique about Trusty.Finance that sets apart from other platforms that makes it stand head? @satoz
DxDy www.trusty.finance DeFi 900% APY,
We tie to existing non-crypto businesses and provide them value using our yield farming platfrom with higher rates than competitors
It is both beneficial for businesses and limited partners who give their cryptocurrency for yield farming & staking
Q3. Can you describe pre-sale Trusty.Finance? How can join it? @satozi
DxDy www.trusty.finance DeFi 900% APY,
Presale is up until 18th of December
tokens are available through our official smart contract
and will be available soon on bounce.finance
https://docs.google.com/document/d/18Bm659nHdQYBrKnLk94Lajmn0M0E7CxmgCFYs75Mc0E/edit?usp=sharing
It is possible to send ETH directly to TFY presale contract 0x281E3789Ec876A24B4e25DcA0b2303C9C9d70187 — it will send back instantly TFY in return. You can check the contract code (DO YOUR OWN RESEARCH). The contract has been already audited.
Q4. What role do TFY tokens play in the Trusty.Finance ecosystem? how much to supply is available? Is there a reward program for TFY holders?
DxDy www.trusty.finance DeFi 900% APY,
TFY is a governance token same as YFI, the total supply is 20000
there is airdrop program still up for all TFY holders
and staking that is going to be launched for TFY on 18th of December as well
Q5. Finally, what is target that Trusty.Finance wants to achieve by end of this year or next year?
DxDy www.trusty.finance DeFi 900% APY,
First target is 10x on Uniswap from the presale price, we have institutional investors who agreed to do the pump — 18th December
Second target is to reach the price of 100x by the end of the year, our main goal is to increase the number of holders among non crypto businesses and bring the fresh blood to the yield farming space
TWITTER QUESTIONS
Q1. On your website there one thing mentioned again and again. “Official Fork of Yearn Finance” Does that means all the forks of Yearn Finance is unofficial? And you are the only one who is official Fork of YEARN FINANCE?
DxDy www.trusty.finance DeFi 900% APY,
It means that we were doing the fork with the help of Yearn developers and verified the sources of all repositories that are presented in our GitHub to be eligibly used by each and every one. All contracts have been verified by
@Quantstamp
We have reached 3 devs from original project
Q2. Nowdays DeFi project is very popular. But You probably know sir, contract security is a big issue in DFI. Has your smart contract been audited? How do you guarantee the protection of users’ funds?
DxDy www.trusty.finance DeFi 900% APY,
Yes
We are responsible for 100% of users’ funds
We use original yearn contracts that went through quantstamp and many other auditing companies
we audited our custom contracts as well
from https://techrate.org
Q3. Team is one of the important things in a project. The more the team has experience in their field, the more investors will believe in the project. Why is the TRUSTY.Finance team anonymous?How can investors believe this project will run in the future ?
DxDy www.trusty.finance DeFi 900% APY,
Developers have been working for
@bitshares
blockchain and over 10 other notable companies in the past 7 years. The team will be revealed on Github. The team is not centralized.
For now the team is not unveiled, we have not had problems with that
it is greatly stated in our whitepaper
https://drive.google.com/file/d/1unFoRSOaOaFpYIXZpJogyuSY2qdLJTxG/view?usp=sharing
Q4. There is currently a fear that the ETH2.0 APY will cause the DeFis to weaken over time. How from TFY do you intend to keep DeFi strong and thriving environment?
DxDy www.trusty.finance DeFi 900% APY,
We are for the lifetime growth, we do not seek early hype. ETH 2.0 is a huge advantage for all early defi companies as there is lots of space for building directly on eth 2.0
Q5. Yield farming has come to stay in the DEFI space, please tell us how $TFY compares to many yield farms offering high APY on liquidity staking, and why would crypto investors pick it over other yield farming opportunities?
DxDy www.trusty.finance DeFi 900% APY,
Most of our early investors are offline ones, as we targeted non tech companies first. For crypto community we scale by building partnerships with existing crypto projects
TELEGRAM QUESTIONS
How can Trusty Finance tie to existing non-crypto businesses? is Trusty Finance licensed to do this? How do you bridging real business into crypto space?
DxDy www.trusty.finance DeFi 900% APY,
Yes, we are licensed and about to have an LLC on Malta as a Malta Limited Liability Company, we have wide network of startup incubators and accelerators that we reach
Q2. @Spott
900% APY for farm yielding is really much,
How can we trust TRUSTY FINANCE is not a scam ?
DxDy www.trusty.finance DeFi 900% APY,
900% is a lot, we follow strict rules for that and it is rather tricky and very limited only for lucky ones. 900% are guaranteed through smart contract on ETH. You will be able to lock in USDT for 900% APY for 1 year. Also, we mention up to 900%. We still dependent on the existing loan market
Q3. @Alika061
how many slots are available at presale #TrustyFinance this time ? what is the minimum transaction to participate in the $TFY presale and how do I make a payment and where do I buy the $TFY token.
DxDy www.trusty.finance DeFi 900% APY,
There is 10000 TFY available on the presale, you can buy on any amount even on 0.0000001ETH. You can buy TFY by directly sending ETH to the smart contract 0x281E3789Ec876A24B4e25DcA0b2303C9C9d70187, you get back TFY instantly
Q4. @lion_lion_098
Usually the project only tells about their strengths. Can you tell us honestly about the weaknesses of your project? And what are your plans to solve it?
DxDy www.trusty.finance DeFi 900% APY,
Our biggest weakness point is the Ethereum chain on which we rely upon, it is great though but in a long run like it happened to EOS it got a downtrend. We want to stick to popular blockchains to rely on.
Q5. @topind7
Who can stake $TFY token ?
What are the Staking structures ?
DxDy www.trusty.finance DeFi 900% APY,
Anyone can stake TFY, you need to hold some TFY ofc. Staking happens fully through smart contract, its source code is audited by https://techrate.org/ too
- Telegram : https://t.me/trustyfinance
- Twitter : https://twitter.com/FinanceTrusty
- Website : https://trusty.finance/
- Github : https://github.com/Trusty-finance
- Medium : https://trustyfinance.medium.com/
Thank you for trusting Infinity Chain Club as the organizer of the event today, hopefully everyone can understand about Trusty Finance.
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