AMA with Fenix Finance
Introduction with Fenix Finance
Q1. Can you tell us what is reason behind inception of Fenix Finance and when did you guys started working on it?
We are started Fenix Project in december of 2020
The reason we chose this name is that Fenix never dies and is always born again,
We wanted to implement exactly the same logic in crypto, it possible you tell me "what you mean?
Let me explain further
Currently, 90% of decentralized exchanges are affiliated with a blockchain and platform
And I don't need to talking about centralized exchange at all
(Because they cheat more every day than the day before and become more insecure)
For example, uniswap is dependent on the ethereum
Pancakeswap is affiliated with bsc
But there are exchanges like 1Inch that use several networks, but this is not enough ....
We try to use some of the top blockchains in Fenix and expand our ecosystem accordingly and select them according to the following criteria
✅The amount of transactions per second
✅ Team and network popularity
We see new blockchains emerging every day with better capabilities,
And because of these older blockchains are disappearing every day like bsc compared to ethereum
Or heco and ...
If I ask to summarize your question in one sentence
I can say that the crypto community is witnessing many violations and shortcomings due to its emergence
And it has confused people
Fenix Came into being because it wants to
Provide services to its users by providing all the current products needed and new products to start a startup and introduce it to the crypto community and buy and sell it in the shortest way and in an integrated decentralized platform.
Q2. Can you talk a bit about the features that will intrigue users towards Fenix Finance?
i don't want to start this with your question,i don't use the word of nostalgia like 99% of people
So let me explain more
Fenix is a multichain flexible project to meet the needs of the crypto community
In the first step, we try to start by creating the infrastructure of our decentralized blockchain networks
In general, we considered the following blockchains to start our 9-month plan
Binance Smart Chain
Huobi Eco Chain
In the coming months, our goals and products will rely on these networks
Currently in the current version 2 of Fenix, we are using Binance Smart Chain and we have launched heco a few days ago.
At present, we have set up our amm exchange with farm in the bsc network, and we have successfully performed our activity in a 10-day test period.
Our users can easily Buy Fenix and start farming
Needless to say, our current version of a bsc Amm is a fork of pancake swap and uses pancake liquidity, but after we get the necessary liquidity in fenix, we will become Autonomous,
We will do the same until each of our networks is strong enough and then launch the new platform with the other network.
Finally, when we have launched all our platforms completely and independently,
We create a bridge between smart dedicated blockchain so that our users can trade at the lowest possible cost and in the easiest way in their proposed or desired network in the fastest mode.
Community take your time to read this!
Q3. What are the multiple farms and pools available currently?
We have 10 farms and 3 pools now
You can check farms/pools pairs on our Dapp
Fenix Finance currently in the top 100 dapp (90)
Q4. Why do you think $FENIX will be a valuable asset to hold and how do we aquire it currently ?
First Look at our products
You'll understand why it can be Valuable
FenixSwap is multichain
But every networks will be added step by step,and
New features include lottery,ifo,nfts,FenixPad,etc soon
You can buy through julswap and pancakeswap
And start farming
Q5. What is your planning to achieve further this year?
This is our last question in 1st segment
We are working according the roadmap
You can check it on gitbook
WE will see a good future
Community ask questions from Twitter
1) Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
Fenix Project is fully Decentralized exchange,
Without anyone's access.
Because of what has been happening recently on the BSC, we took the following steps to ensure everyone’s safety. Deploy a 24 hour time lock contract.
Any changes made to the smart contract will be delayed by 24 hours.
We will implement this after we have introduced all our pools and we confirm the rewards are working as expected. This is 5x longer than all the other protocols. Any changes to the contracts such as adding a new pool will be communicated to the community.
We have removed the Migrator function from the Masterchef contract, now you won’t have to worry about your funds when farming.One of the key problems for DeFi projects based on the Binance Smart Chain has long been the so-called migrator code - a fragment of the smart contract code that allows the owner of the Masterchief contract to withdraw all funds from the contract at any time to any other address in the Binance Smart Chain, simply stealing all user funds.
Removing the Migrator function and implementing a Timelock of 24 hours removes entirely the risk of a rug pull as we want Fenix farmers to farm without risks.
Rugdoc check (Low risk tag for Fenix Finance)
Check more details:
2) Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
You can check token Distribution on the picture
We have already locked liquidity and token
You can check it here 👇
3) Could you please provide some info about your Roadmap and how Market is progressing so far?
Our last question in this segment
In a short time we have done several works
We have been more involved in our exchange
Fenix V1 migrated to V2
24h Timelock MasterChef
Audit report will providing after 3 day by techrate
We made a plan for marketing and we made the arrangements
We will publish in the next few days
Community ask questions from Website
1) Which area are you focusing on at the moment? (DeFi, Stake,Dapps..Yield Farming,,NFTs,,Gameing) and what is your goals in this year ?
We are focusing on our exchange Includes all(defi,Stake,yield,farming,NFTs,lottery, etc)
Our goal is to provide users with an exchange with full and flawless facilities.
2) What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Cross chain services, Initial farm offering, Nfts
3) What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project ?
Our liquidity Locked on PancakeSwap & JulSwap (Unicrypt) so there is enough liquidity for participants
Live Questions answered by Fenix Finance
1.আমার সব আইডি বেন হইছে:
It's hard for investors to trust and invest in new projects lately and most the project have claimed to be falsified, How do make investors trust your platform?
We passed all security tests 👇
Without migratory code
Time lock contract 🔒
Audit report in 3 days by techrate
2.আমার সব আইডি বেন হইছে:
Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest??????
Max token supply 13.5
We can't do burning
Yes we have buyback every weeks
3.💚 Tamim 💚:
️Is your project GLOBAL or LOCAL? What are your plans to expand it to all over the World? Can we joint your great project from anywhere in the world?#??💥💥💥
Fenix is fully decentralized project so everyone can participate in farming /staking pools
4.লেংটা সুলেমান 😂:
At the moment , where you are focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you share it??????
We are working on new products like Heco chain, Lottery dapp and NFT marketplace
More products coming...