AdAstra AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with AdAstra.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what AdAstra is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉
✔️Introduction with AdAstra :👉
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
First question of Introduction :
Q1. Can you provide a brief introduction to Adastra + the core team behind it?
David Lim:
Ok, let’s begin! Hello to everyone who joins along.
AdAstra is a project created to support the capitalization of products and services within distinct industries. More specifically, AdAstra offers investors AdAstra technology opportunity tokens such as AdAstra Internet of things token (aIOT) to aggregate liquidity through digital asset reserves. Collected liquidity is used to capitalize pioneering and industry-defining projects, which results in aIOT token holders receiving returns on their investment into highly profitable projects at the earliest stages.
About the team, it’s not a big one, but we work very hard.
We have a team of professional investors who seek out profitable projects at the early stages of their development. By investing into AdAstra industry tokens you invest into multiple hidden gems of the industry. AdAstra Team consists of 4 full-time members and 6 part-time engineers. Security is definitely one of the biggest priorities to us, and many members of our team have a solid background in cybersecurity. We built AdAstra considering all the complexity of decentralized finances, and keep improving everyday
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Very Impressive👍👍
David Lim:
Thank you
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Next question :
Q2. Can you talk a bit about aIOT and aAIDV?
David Lim:
Sure!
Astra IoT Token (aIOT) represents IoT products and services, offering token holders to benefit from profit growth of the early stages of IoT market acceptance.
Astra IDV Identity Validation (aIDV) Token stands for the personal identity validation technology, which is a fundamental component in controlling data access in many decentralized projects. Validated identity allows users to access their decentralized assets securely, which is critical in this space.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Cool 😎
David Lim:
By the way, aIOT tokens act as a proxy for underlying assets, and could be exchanged after a lock-up period, so you will have more flexibility, and automated ways to generate passive income.
Done
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing AdAstra 👌
Next question :
Q3. What is Kaizen Protocol and what is so exciting about it?
David Lim:
Kaizen is a cross-blockchain interoperable full-stack protocol which can unlock the true potential of open finances, minimize transaction fees and ensure security.
Kaizen autonomously monitors trades across multiple platforms and exchanges, dynamically adjusts pricing to minimize commissions and limit selling spreads. In this manner, Kaizen is able to ensure liquidity in a pool, minimize transaction commissions, and avoid impermanent loss woes.
Another crucial advantage of Kaizen Protocol is in its collection of market orders from different platforms (including external markets) in a single stream, so that users have a better chance to find the best suitable option. Kaizen protocol’s mathematical algorithms to provide a better DeFi experience.
Hopefully this covers it!
Done
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing 😎 It shows a lot of transparency
Next question :
Q4.How is staking at your platform the most beneficial for users?
David Lim:
Thanks, transparency is key.
When staking on AdAstra users can deposit stablecoins with up to 80% APY. Stablecoins such as DAI, USDT, USDC and BUSD with an 84%, 80%, 73% and 57% of annual returns respectively.
When it comes to investment security, as collateral we have high-yield tokens of various projects that greatly exceed the value of stablecoins collected. Within staking, a minimal lockup period is 6 months, anything less wouldn’t be feasible to accommodate to our future plans and goals. The APY is based the industry’s exponential growth and token demand.
Done
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Ok 👌
Last question of Introduction :
Q5. What is further planned for Adastra in 2021 ?
David Lim:
In 2021 AdAstra team will deliver decentralized exchange integrations, and prioritize liquidity mining opportunities.
Most recently we launched the highly requested AdAstra affiliate program that allows our investors to leverage their network and earn 10% from every transaction made using the affiliate link. We are looking into creating more holder benefits for our supporters.
And of course, we are getting pretty active on our social media channels.
You can follow us on Twitter @AdastraFinance and join our Telegram community @AdastraTrading to be the first to know about the latest developments and updates on AdAstra.
Done
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Thank you @david_adastra ,super insightful and very easy to understand.
🐧Community ask Questions by Twitter ✔️
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 1.
Username : @Rhada25
The STAKING ecosystem is very popular. Recently, investors get passive income from STAKING. What about the AdAstra STAKING ecosystem? What benefits will investors get from the STAKING ecosystem on the AdAstra platform?
David Lim:
Hey @Rhada25, thanks for your question!
Staking is a great way to make passive income, so its popularity is understandable. AdAstra staking provides up to 80% APY which is some of the highest for stablecoin staking in the industry. There are more benefits too. For example, based on your USDT stake, AdAstra will create an equal value stake in adUSDT on the Ethereum blockchain. Staking rewards will be automatically converted into adUSDT and sent to your account.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 2.
Username : @Rhada25
What motivation made you build AdAstra ? What is the main vision and mission of AdAstra ? And what are the advantages that make AdAstra different from other projects?
David Lim:
Availability and the growing number of people using the accessing services online caused new economies to emerge. And to use these services for free, users share their private data.
Thus, exchanged data is collected by the platformer’s centralized system, managed and analyzed, and used for various purposes. That’s why AdAstra integrated a secure identity service called HyperID, which keeps your personal data encrypted. I also recognize that AdAstra users value their privacy a lot, so I’ve drafted a privacy policy that would answer their most important questions.
Our main mission is to generate enterprise capital to fund promising products and services and drive commercial success with investor liquidity through the novel decentralized apps and industry-specific DeFi pools. Our team is dedicated to contribute into creation of the decentralized financial ecosystem and we want to offer financial inclusion and equal opportunities to as many users as possible.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 3.
Username : @Rayhan230
Many DeFi projects ensure the quality and security of their product by an independent third party,it makes investors more confident to invest. Will you contract to audit with third party in the future? Will AdAstra ensure the security of user data and privacy?
David Lim:
AdAstra utilizes a combination of the safest and most reliable approaches to liquidity accumulation, using an already validated and audited code. Our team has a solid background in cybersecurity and we have built AdAstra considering all the complexity of decentralized finances, taking on the responsibility of maintaining a value-bearing infrastructure.
Apart from integrating a secure identity service called HyperID, we have also connected with SugoiWallet, a secure wallet for cryptocurrency, to ensure our users can access our service with 100% confidence. I mentioned the privacy policy in my last answer, so I hope that covers your question :)
✍️ Telegram live Questions answered by AdAstra 😇
Tuấn Kun:
2020 covid-19 happened all over the world does it affect your project and development, will your team have a new direction for 2021 while covid-19 is still there
David Lim:
COVID is a sucker, plain and simple. It put a wrench in our plans and slowed us up quite a bit, but it would never stop us. I believe I already talked a bit about our 2021 plans, but those tend to change quite a bit. We do our best to follow all the health protocols and focus on development.
I hope you guys also stay safe, health comes first.
Varioo:
How many wallets that can support $Your Token until now? And do you have any plan to build your own wallet?
David Lim:
Right now AdAstra supports Sugoiwallet, Trustwallet and imToken wallets, plus it utilizes MetaMask browser extension. You can find user manuals for each wallet on our website, in the ‘How To Participate’ section. If you experience any issues, please don’t hesitate to contact us at support@adastra.finance. We will be glad to help
Imran:
Who is on the team, what are their backgrounds & credentials, and do they have any public track records?
David Lim:
Overall we have 10 people, a relatively small team, but qualified and eager to work for the common goal. We are looking to grow our team to match our ambitions in 2021.
I think he won’t mind me name dropping him, but Mike Curtis is a co-founder and a Chief Technical Officer, long-time business partner of mine. He is a lead of engineering and adoption strategy. He’s a bachelor of engineering at Leeds Beckett University, and just a great guy to be around.
💞🌹Ex_griel🌹💞:
Security & User Interface are the Most Important Aspect that Users see on a platform. How has Your Project worked on this? Is Platform suitable for Newbies in the crypto world?
David Lim:
You are 100% correct! To maximize DeFi adoption, it is imperative to understand how existing users behave and how their experiences can be optimized. It is the participants who make sustainable growth and define whether the project is a success or not.
So to make AdAstra a better place for newcomers, Kaizen protocol was designed to satisfy three objectives:
- Provide low commissions.
- Use Oracle-Governed pools.
- Adopt its service for broader usage.
Taking high fees, complicated usage, and impermanent loss out of the equation, Kaizen Protocol makes decentralized financial services more available to a wide spectrum of its users. Such benefits as low commissions and oracle-governed pools extremely mitigate risks associated with the cryptoasset trading. Apart from technology, we try to stay closer to the people and interact with the community just like here today.
Thanks for coming in and taking interest, it was a real pleasure.
🌍 Website questions answered by AdAstra 🔥
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
1. Question from : Shashi Rana
There are many new coins sale now a days in crypto. So how it is differ from others and tell me about security of investment ?
David Lim:
There are indeed a lot. The aim of the project is to collect liquidity for professional investors and funds that invest into highly profitable Asian IoT projects at the earliest stages. AdAstra generates enterprise capital to fund R&D and drive commercial success through the novel decentralized apps and industry-specific DeFi pools.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
2. Question from : Masarya
what critical solutions #Adastra Finance cannot solve and what are the competitive advantages?
David Lim:
Our main focus is the expansion of our core financial services. We need to ensure worldwide accessibility, because many regions around the globe are in the middle of a financial revolution. The younger, tech-savvy population already takes advantage of cryptocurrency, but we need to attract different demographics and make DeFi a place for everyone without exception. With so many countries, where people are keen to overhaul outdated economic policies, AdAstra is a great fit to become an efficient instrument for many users.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
3. Question from : Anshu
Are you planning to integrate with other blockchains like Cosmos, Solana, Polcadot? How do you see future partnerships for AdAstra ?
David Lim:
There are currently no plans to integrate with other blockchains, though it does not mean there won’t be in the future. We try to stick to the day-by-day approach, as it has worked well for us so far.
AdAstra has partnered with Kaizen Finance, HyperID and SugoiWallet to ensure transaction and asset security for its users. As we continue to expand the AdAstra platform we may consider other partnerships. I guess that is as much as I can say without spoiling anything ahead of time. To stay updated on the latest news and all things AdAstra you can follow us on Twitter @AdastraFinance and join our Telegram community @AdastraTrading.
We see the community as our biggest ally, and that’s the partnership we are looking to built for now. We are currently in the third round, so I feel like telling that the AdAstra website is the place to purchase aIOT.