4RFI AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with 4RFI.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what 4RFI is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉
✔️Introduction with 4RFI :👉
BILLY:
Q1. Can you please introduce yourself and also tell us a bit about 4RFI Finance?
Haris:
I am Haris and i am the co-founder of 4RFI, The core idea of 4RFI is to charge 4% transaction fee, 2% of that transaction fee is re-distributed to the token holders and 2% is burnt permanently. With governance the holders would be able to vote a change in increase/decrease of the transaction fee.
BILLY:
That’s really new I heard .
Q2. What is so exciting about 4RFI Finance that we should know about? @Haris987
Haris:
The most exciting part about 4RFI is the passive income that the holders gain as they hold. You don’t stake the token but still earn rewards by just holding without the need to pay excessive gas fees
BILLY:
Exactly . No staking means no lockup . Thank you Haris for giving us 4RFI!
Q3. Which are the most important achievements in 2020 for 4RFI Finance? @Haris987
Haris:
Thats correct 😊
4RFI was listed on the 4th of Jan 2021, so we are still in our early days, however even though our liquidity started with 2ETH the project grew as high as 15x and stands at 10x from listing because of the amazing reward system that we have in place.
BILLY:
I can name a few ‘big’ projects who are down 50% from their presale price but I won’t do that
This is why 4RFI is already a succcess
Q4. Finally, any sneak peek into 2021 plans for 4RFI Finance? @Haris987
Haris:
4RFI is in the green by a mile then 😊
We are currently in the process of building up our yield farming platform and will soon be showing pieces of development in the group, once accomplished, we will be starting governance where we would let the holder propose the change in charging redistribution and burn fees and any additional requirements
BILLY:
So what do you mean by holder propose the change?
Haris:
Any holder of 4RFI would be able to put in a proposal that would then be voted, if the vote is succesful, the change will happen
BILLY:
Of course yes !
🐧Community ask Questions by Twitter ✔️
BILLY:
Twitter question no 1.
Username : @KalNagin
Can you give us 1–3 killer features about your project to convince me and other big investors to invest in $your project for the Long-term?
Haris:
The main feature is the 4% transaction tax, 2% of that is redistributed back to the holders giving them passive income as they hold (Staking) and 2% is burned automatically which reduces the supply over the time making the token scarce and valuable. Further, we are working on introducing governance. In addition to this as 4rfi is the first of the ecosystem its holders will be rewarded as we grow.
BILLY:
Twitter question no 2.
Username : @Ladimarputin
Many Project talks only about their Strenghts, Can You talk about the weak point that You project is Currently Dealing With?
Haris:
Another great question; we are not shy to express our weaknesses and accept the failures. The biggest issue we are facing right now is the low liquidity. We were not able to to reach the soft cap for the presale, so team decided to return all the raised ETH and list the project with their own funds and burn unsold presale tokens completely. Our primary focus right now is to increase the liquidity, either by going into a partnership or building an in-house mechanism to grow the liquidity which in turn would grow the eco-system too
BILLY:
Twitter question no 3.
Username : @PhamHuo0195
Does the name ‘4RFI’ have any meanings? What makes you to select such a name? Also Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Haris:
People usually think that 4RFI is just another clone of RFI, which is not true. 4 is the ‘4% transaction tax charged on each transaction’ and RFI is ‘redistribution of funds to investors’.
There is no mint function, and no more token will be minted. The total supply is 10,000 token out of which 45% of the tokens have been burnt and sent to burn address, 40% were added to the liquidity pool, 6% are for future developments which are locked for 30 days and 6% is for marketing
BILLY:
Twitter question no 4.
Username : @akarihae
Are there any benefits for staking and holders?
Haris:
The model of 4RFI is based on holders getting a staking reward in the shape of 2% redistribution automatically without the need of spending any gas fee
BILLY:
Twitter question no 5.
Username : @DipMondol19
Q.Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
Haris:
Our road map prior to presale is as listed on the website. However, due to having a failed presale our focus has been shifted towards increasing the liquidity of 4RFI which as we see currently will be from yield farming. Future research and developments will be carried out to grow the eco system.
✍️ Telegram live Questions answered by 4RFI ✔
Tenet20:
🚩Q.Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Haris:
Due to an unsuccessful presale, we listed the project with our own funds. In addition, we also burnt presale token at the time when the liquidity of the project was 5 time the listing of the project
Don Badsha:
I have seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?
Haris:
Absolutely, the community is the soul of the project, we intend to start governance where the community can put there ideas forward and decide on the direction we as 4RFI will take
Demvrick:
What’s about the $4RFI ecosystem and what’s about your main plan? Do you give any extra facility for the holders and Treader..and which market it is listed now?
Haris:
4RFI is the first project of the ecosystem and its holders will be rewarded of the upcoming projects with a first come first serve basis as well as discounts and airdrops.
DɅŊʛEƦ WɅɭI GIƦɭ (👸ĎÄĎŸ ṖŔÏŃĊỆṨ👸):
At the moment, where you are focusing right now? Building and developing product or getting customers and users, or partnerships? Could you share it?
Haris:
Our primary focus right now is to increase the liquidity, either by going into the partnerships or building an in-house mechanism to grow the liquidity which in turn would grow the eco-system but we understand that there is no project without a community and therefore we are focused on community too 😊
Aurelia:
Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?
Haris:
Absolutely that is very true. However as explained, the project is in its early days and our focus is on improving its liquidity. That can be done through a partnership, but we prefer that to be done inhouse. partnerships are a quick way to integrate certain feature into a product, but built in-house would mean that we could sustain ourself as an eco-system for the longterm