Ama with Amuse

Introduction with Amuse

Q1. Can you tell us what is the motivation behind developing amuse and why did you guys named it as amuse finance ?

Javamind:
Okay. Thanks for that really important question

Like I stated in my personal introduction above, I am a strong enthusiast of the blockchain tech, more specifically the incredible opportunities that lie in the DeFi space.

Unfortunately with the great potential and opportunities that lie in this great tech breakthrough, there are still some hindrance in its way to achieving greatness. One very obvious one to everyone is the gas fees. It greatly limits all the innovations that could have been possible and possible with DeFi, which is why we brought an amusing solution like Amuse Finance

Celeb | Decentralized Club:
What blockchain network was amuse built. On as there is no much information to the public yet

Javamind:
Amuse is built on the Ethereum network, so it is an ERC20 compliant token.

Celeb | Decentralized Club:
Noted

Q2. How does Amuse Protocol help in cutting down gas cost for its users ?

Javamind:
Ok. Gas cost for Ethereum users have always been something that bothered me particularly

Celeb | Decentralized Club:
How do you deal with it

Javamind:
So it seems there was a confluence of thought with @ExcessiveOverlord on this issue, so we got to work with a minimal solution of augmenting gas fees for users with cashback which we then built upon

Celeb | Decentralized Club:
Q3. Can you shed some light on how users will benefit by HODL, Stake , Trade , Referral?

Javamind:
So, when you decide to HODL the Amuse token, you will be getting 1% of the value of your token at every 24hours which is an automatic distribution because it all happens on chain.

Celeb | Decentralized Club:
This encourages holders this is a ice idea

Javamind:
For stakers, you get 1% of the value of your staked tokens in Ether.

For referral, you 25% of the value of the deducted tax from the buyer.

And one important thing is that all of these happens on chain. Users who wants to confirm will soon have the opportunity to as we will be opening up our beta testing soon.

OverLord:
Users aren't at the mercy of admin distributing rewards since that beat the purpose of Decentralisation

Celeb | Decentralized Club:
True

Q4 How do we acquire AMUSE Finance native token and what is its utility that will push up its price in the future?

Noted

That' would be great then

Javamind:
As for the utility of our token, we are building on the core of our product which is augmenting gas fees for Ethereum users. From there we plan further development that would see us having a decentralised exchange for Amuse. This is just a glimpse into what we plan.

Celeb | Decentralized Club:
Great ideas here

Q5. What are the major plans on track for completion this year for Amuse Finance

Javamind:
1. We want to grow our community to 10x its size across major channels for crypto
2. We are planning a major pre-sale event.
3. Further development to implement some minor and major features to bring in more members to the community

Community ask questions from Twitter

Celeb | Decentralized Club:
1) SECURITY is so important with every project and platform, including AmuseFinance. How does AmuseFinance keep users' assets and personal data safe from hackers? How does AmuseFinance manage if there is an attack to your platform? Asked by @tuan_iker

Javamind:
Yes. Security is super importance and I understand how much importance is attached to it in this space. Asides our expertise and experience that we bring to bear here, we have a plan in store to hire external auditor as our user base grows.

Celeb | Decentralized Club:
I think this answers the whole questions on security
Hope this is done soon

2) How long do you intend to sustain the 1% AMD holding rewards and the 1% ETHER staking rewards for?
What revenue-generating mechanism has Amuse Finance installed to sustain these incentives?
Asked by @theyasflower

Javamind:
Good question there! The 1% reward for holders has no end. It will keep going forever as it is already written into the contract.

Celeb | Decentralized Club:
Best option is to buy in early now

Javamind:
The sustainability for the incentive comes from functions written into the contract that increases the token reward pool

So there is a conditional minting and burning

Celeb | Decentralized Club:
I was about asking this

Javamind:
If the reward pool goes low there is a minting of more tokens. This is done when the contract evaluates that reward pool is going low.

Celeb | Decentralized Club:
3) I can see that Amuse Finance is pretty much new. For every project to grow it needs a community. Do you have a plan for community building or marketing strategy? Also, we would like to see what you have in store for us through a roadmap. ASKED BY @cryptoAMA1

Last question for this, segment

Javamind:
YES

We are presently in talks with a major marketing company to get the word out about Amuse Finance and grow our community size as a result

Celeb | Decentralized Club:
Thank you for your apt answers so far

Javamind:
you are welcome sir!

Community ask questions from Website

Celeb | Decentralized Club:
Website questions
1.AMUSE provides compensation and payment through cryptocurrency for basic financial activities so creators can be guaranteed stable livelihood and actively do creative activities waw! That nice so how do plan on executing this great plan well?

Telegram Username: Yomcy01

Javamind:
Okay, we have a tokenomics that gives users reward for holding the token which is drawn from the reward pool. The reward pool on the other hand is filled by tax paid by buyers and and unstakers. Some of it also comes from the liquidity pool. All of these has been indepthly explained in our white paper

Celeb | Decentralized Club:
2. I can’t find if audit has being done for amuse finance what plans do you have for security of funds

Telegram Username: Fiyako12

Javamind:
Our lead dev is a vetern smartcontract developer who has been taking the contract through thorough testing

Also, we intend to give faucet tokens to users so they can test and make know any vulnerability they find to us before we go on mainnet

Celeb | Decentralized Club:
Noted

3. As I have read, one of the features of AMUSE is to “… augment spent gas on transactions for Ethereum users”. Does this suggest you’re only available on the ETH network?? If yes, do you plan on integrating into other networks considering the low gas fees to make investing affordable for people who don’t have as much money. (As we all know the high gas fees associated with the ETH network)

Telegram Username: @Kaptinblack

Last question for this segment

Javamind:
While we are just starting out with the Ethereum network, we have a long term planning of expanding to other blockchain networks to grow our utility and community.

Live Questions answered by Amuse

1)Femi Oyinloye:
Does Amuse Finance run any email campaign, I am thinking of subscribing to your email newsletter incase you have one?

Javamind:
We will be considering that in the future

2)Mifat Babu:
It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make AMd sustainable for its development?

Javamind:
Our sustainability plan is part continuous development to drive utility and continuous marketing to drive adoption

3)Jhony DM:
Do you have, a Token Burning, plan to increase, Token value and attract, Investors, to INVEST???

Javamind:
Sure. We have a burn and mint function embedded into the contract already, because we understand the common pitfalls of most contract

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