AMA with Coinsale
On the 21st of February, 2022 at 15:00 UTC, Decentralized Club had the honor of hosting CoinSale for an Ask-Me-Anything session on their Telegram page with a community of over 70,000 people. It was hosted by DC Admin, May.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what CoinSale is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 - Introduction
[May]
Hello, สวัสดี, 大家好, नमस्ते, Selamat!
My name is May and I am delighted to be hosting the AMA with CoinSale.
Today we have a special guest from the CoinSale Team.
[CoinSale Manager]
Hello 🙋🏻♂️
Thank you for having us here today.
excited to talk about our project.
[May]
It’s a pleasure to have you here.
You’re welcome to our community- Decentralized Club 🥳
How’s your day going?
[CoinSale Manager]
Thanks for asking, tired because of working hard but happy to do what I love 😊
overall, good :)
[May]
Awesome!
Good to see you are happy :)
Let’s begin the session.
[CoinSale Manager]
🤛🏻
[May]
Could you please introduce yourself to us and your role at Coinsale?
[CoinSale Manager]
I am the Community Manager of Coinsale, and a member of the core team.
I am managing our community and I work with the marketing team so we can have a good developing process. We launched the project and we are now developing it by working and marketing, like planning AMA events like that.
[May]
Amazing! Good to have you here 🥳
Can you briefly tell what Coinsale Finance is about? We would like to know more about it and the inspiration that birthed the project.
[CoinSale Manager]
We are a decentralized IDO Platform and a solution partner for projects who want to sell their tokens, increase their liquidity and find new investors. By holding our token ($CSF) you get allocation for the new projects going to be launched from our platform. We wanted to have our own launchpad platform for the IDO events, so we can host the best projects and launch them.
[May]
Impressive!
What are the innovative solutions that distinguish Coinsale Finance from other launchpad and IDO based projects and what competitive advantages do you have?
[CoinSale Manager]
We have an IDO platform where new projects can launch their tokens and can make their first sales. But also we have staking and farming options which projects can use so they can give more profit to their users and with this they will be able to keep the price of their token because they can have the option to have lock periods like 30 days, 90 days etc. for their staking pools.
We verify the projects before accepting them, for example if they don’t have any Audit then we don’t accept. Only Audit is not enough of course, we also evaluate the projects with our team carefully and we have an interview with the project owners before having them in our platform to be the safest place for investors.
[May]
👏🏻👏🏻👏🏻
What are the criteria for projects to use your launchpad?
[CoinSale Manager]
As a launchpad we are here to launch new projects but also we have a priority, our investors. In order to protect them and keep them safe, we have to check the projects we are going to accept.
Our core team has many experiences in the crypto world and with these experiences we evaluate the project before having an interview with them. Some of them are obvious, like whether they have an audit or not, or like who is on the team, what is the tokenomics etc. and some of the criteria are based on our experiences, we decide considering our previous experiences.
In order to apply for an IDO, feel free to visit our website :
https://docs.google.com/forms/d/e/1FAIpQLSewIIPqnHUsiZJiR3JQg4iTz05U2k22n0GTcFqy0yPMTp6osg/viewform
[May]
How do we acquire your native project tokens and why is it important to hold it from an investment point of view?
[CoinSale Manager]
We are a new project so we have many things to do, many milestones to reach, and of course we will be a bigger project in many fields of crypto.
We started the project on BSC (Binance Smart Chain) and we are now in a pancake swap with a CSF/BUSD pair. We are planning to be in a Cex in the near future. For the ones who wants to buy it from pancakeswap, our contract address is : 0x8697c37ecdbdb4eb5e24f19d7d294ea76291b91c
If you hold CSF and stake them in the staking pools you will get staking interests like all stake pools and you will have more CSF tokens in every day you hold your tokens in stake pools. You will have allocations for the upcoming projects, another benefit of having CSF token. By choosing good projects and having their IDOs successfully, CSF price will be higher too, that’s another profit you can have.
[May]
Great answer!
What are the 2021 highlights from Coinsale Finance and should we look forward to this year?
[CoinSale Manager]
We have a Roadmap on our website to show the main steps we are planning to take. But we are planning more than that. For this year we will have many partnerships we are working on, we will be listed in some Cex and we are planning to have new network developments and integrations. Then we will develop a token locking system. After successfully finishing these we will work on a coinsale launchpad’s own wallet. Of course we will be developing our current products too.
check the website for more :
https://coinsale.finance/
[May]
Amazing! Looking forward to these milestones
Let's now take questions from our Twitter community
[CoinSale Manager]
ready :)
Segment 2 - Twitter Questions
[May]
Which Blockchian is your project initializing on mainet? Currently there are many Blockchain chains with cheap gas fees like Binance smart Chain, so do you plan to switch your mainet to?
Twitter Username: @CD7978
[CoinSale Manager]
We launched our project on Binance Smart Chain because it is very cheap and fast. We started on BSC but we are planning to have bridges to the other networks. We are working first to be on the Avalanche network now so in the near future maybe we can expect to be on it. We are planning many things but we take our strong steps.
[May]
Based on your roadmap, I see that Coinsale Finance will be introducing its NFT collection and NFT staking in the near future. Would you please give us an idea on what to expect upon the release of your NFT products? When will you implement them?
Twitter Username: @0JeanWayne
[CoinSale Manager]
We have phases in our Roadmap, we have done most of the things in Phase 1 in our whitepaper, and also, we started Phase 2 too. We already started working on the NFT Collection and we will be offering NFT staking to our investors. We want to be sure about the products we build so when we finish them we will announce, but we will publish new options like NFT Staking after testing them very carefully.
Many people will hear about us by doing these developments.
[May]
In the future, do you plan to develop some kind of Staking or Farming program? Do you offer multilingual support for all non-English speaking communities? Will the platform implement the use of KYC?
Twitter Username: @ECistovs
[CoinSale Manager]
We already started staking and farming pools. As a launchpad, we give allocation to the users by staking our token, so we have staking pools for CSF staking and farming. But we also have staking pools for other projects too. So any project can join the pools by contacting us. We are creating our communities as we develop in different languages. We had a KYC system and we were using it but we want to make it more developed so it is under development now.
[May]
I think one of the biggest problems with many defense and agricultural projects seems to be that when farming starts, prices go down because people unload to keep farm fluids. Will there be a stimulus to keep ( )not just farm and dump?
Twitter Username: @ra_banton
[CoinSale Manager]
We have staking and farming pools for our investors to earn more. We have good APPs so people can attend to increase their token amount. But also we have locks like 30 days, 90 days so people who really want to invest can join this pools, if they want to dump all their tokens, when leaving the stake pool before the lock date, they have to leave their earning and they have to pay a penalty like %10 or %20 of their token, decided by the team.
We also have a marketing team, they have plans for these times , and also of course we have a buyback option all the time.
[May]
Can you give an overview of your Tokenomics, and the UTILITY of coinsale finance Token?
How can users stay updated with coinsale finance projects? Are there channels, including local communities where users can get the latest updates?
Twitter Username: @Senseboy8
[CoinSale Manager]
Anybody who wants to learn more about the project can visit our website :
https://coinsale.finance/
And can check our whitepaper here : https://coinsale.finance/CoinsaleWhitepaper.pdf
For announcements : https://t.me/coinsalenews
Global Telegram Group : https://t.me/coinsalefinance
we talked about the utility of the token and so let me send you the Tokenomics too
[May]
Thank you for the necessary details! 🥳
You have given very concise yet impressive answers! We are convinced beyond a doubt that Coinsale is a solid project that will be here for a long time.
Great job! 🥳
[CoinSale Manager]
thanks 😊
[May]
You're welcome
It's now time to take live questions from our viewing audience
Ready?
[CoinSale Manager]
ready!
[May]
What’s your favorite sport?
[CoinSale Manager]
Basketball :)
[May]
Dear community, please include the guest’s answer in your questions
The group will be unmuted shortly
---Chat was then opened for the live community to send in their questions---
[May]
Dear guest, as a measure to deter bots and reward hunters, your favorite sport (basketball) has been included in the questions so you can tell original questions apart!
Please prioritize such questions 🙂
You can pick five good ones now.
[CoinSale Manager]
ok then, let me give a couple minutes to choose and answer 5 questions
[May]
Take your time :)
Segment 3 - Live Questions
[joshua]
🏀 Is your platform safe? Is there a successful audit? Any audit report by now?
[CoinSale Manager]
We own every code written by our team carefully, so we are sure about them but of course we audited them. We are an IDO platform who wants to keep their investors safe, and we don't accept the projects to our launchpad if they don't have an audit. In those days security was very important so even I myself don't invest in such projects.
[Sfenn]
Is there any minimum requirement to hold $CSF tokens to get an allocation for a new project to be launched on CoinSale Finance? and where can we get $CSF tokens if we are interested in joining IDO on your platform? basketball
[CoinSale Manager]
One of our differences from the other IDO platforms is we give a chance to anybody who wants to attend new upcoming projects so even with small funds you can have an allocation in new tokens we launch.
[AMA Scout]
Can you give us info on your staking and farming methods and information on them?
basketball 🏀
[CoinSale Manager]
https://app.coinsale.finance/staking/
go to this website of ours, there are staking and farming options, most of them about staking CSF but different days locked like 30 and 90 days. But we also have another project's staking pool and we will be having more in time.
just visit the website, connect your wallet and click stake and start earning immediately.
[Broken Native]
Is there a time frame from when you can hold $CSF till you get allocation or reward?
basketball 🏀
[CoinSale Manager]
we have different tiers in our website, you can check tier info by visiting the website.
https://app.coinsale.finance/tier/
you can calculate the parameters and you can learn about the allocation you are going to get.
[Nimsa]
NFTs are spreading like wildfire so when I get the chance to get them early, I take it!
How do I mint your NFTs or buy from your collection? I think you have a great project. Please share links thank you!
Basketball
[CoinSale Manager]
NFT Collection is in our near future targets and we are excited about it, and we are working on an NFT staking option where you can stake your NFT and get allocation or different priorities in the launchpad. For now we have a bit work to do, but when we finish it in our channels, follow them :
For announcements : https://t.me/coinsalenews
Global Telegram Group : https://t.me/coinsalefinance
[May]
Aaaaand it’s a wrap!
Thank you so much for your time with our community!
We had a great time learning about your project
Can you please share your official contact links if a project wants to use your launchpad?
[CoinSale Manager]
thanks for having us
for applying an IDO you can fill this form :
https://docs.google.com/forms/d/e/1FAIpQLSewIIPqnHUsiZJiR3JQg4iTz05U2k22n0GTcFqy0yPMTp6osg/viewform
[May]
Beautiful!
[CoinSale Manager]
or you can just write to me . I can help, after evaluation we can have new tokens in our launchpad.
https://t.me/decentralized_club/732014
[May]
Any closing remarks for our community?
[CoinSale Manager]
Thanks again, feel free to come to our groups and ask anything you need.
[May]
Our warm regards to the rest of the awesome team at the CoinSale HQ working tirelessly to make this project a success!
Thank you again for your time with us.
It was an enlightening session
Until next time, do have a great day
[CoinSale Manager]
You too all. Have a great day.
[May]
The AMA with CoinSale is now over.