AMA with JigStack

Introduction with JigStack

Celeb | Decentralized Club:
Introduction questions

Q1. Can you tell us briefly about Jigstack and what was the objective behind its inception?

charles robinson:
From a lemonade stand as a child. Think of a kid launching his first business. Think of a jigsaw puzzle all in pieces you can take each piece and get a partial picture but when you put all the pieces together do you have a big picture of decentralized finance. You can stack all the pieces of our ecosystem on top of each other and other products for protocol stacking. We wanted to build and all-in-one ecosystem for new and experienced users.

Celeb | Decentralized Club:
Is there also an edyctional video embedded in your system for beginners

charles robinson:
Yes we have several education videos.

Celeb | Decentralized Club:
Alright

Q2. How does Jigstack provide a one stop shop for all Defi products in a user friendly way?

charles robinson:
Great question! All Jigstack products will have the same look and feel so when you learn one you’ll be able to easily dive into the others. All the products of Jigstack are based on five commandments: they need to be trusted, secure, faster, easier and cheaper.

Celeb | Decentralized Club:
Q3. Which are the partnerships that helped Jigstack Protocol gain more value and also give an example of how interoperability of products under Jigstack enhanced value for the users?

charles robinson:
Our Polygon (Matic) partnership allows us to launch on QuickSwap and for our users to pay their gas fees with Matic and avoid the high cost of gas on Ethereum. Furthermore, our Hedera partnership opens up a new stream of IDO's and also for us to use HTS - the Hedera Token Service.

Celeb | Decentralized Club:
Matic for now has beaten Ethereum hype

Can you reply done after answering a question

Q4. Why is it important for us to acquire and hold the $STACK token?

charles robinson:
Matic - yes, you're right

OK, this is an important question. $STAK will be for governance and all holders will have voting rights on things like new products, new features, new developers etc... Also, all token holders will receive the lion’s share of decentralized commissions from users that transact on our various products and platforms. Our DAO will govern this behavior and our community will be greatly involved in setting the rules and standards of our operations.
The utility or reason that our STAK token exists is for our users to help with governance of our DAO, for our user community to be able to stake their tokens and to earn rewards and interest and to grow their portfolios as they are paid to use and to refer others to our platform. Also, the token value will grow as our offerings expand along with our partnerships and our user base. Users can compound, farm and harvest crops (projects) that are launched on Lemonade. Done.

Celeb | Decentralized Club:
Can you talk about your farming apys

charles robinson:
Yes, they are very competitive. A far as actual numbers I will need to get back with you.

Celeb | Decentralized Club:
Noted

Last question for this segment

Q5. Going forward into 2021 what more progress do you see ?

charles robinson:
Thanks, @Calebkure

Projects released every 3-4 weeks to keep the momentum of the JS ecosystem growing. During this short breather where we are seeing the market drain itself of the weak hands, we want to focus on industry-best features and functions of StakBank and ETHLink. Not forgetting about our wallet and Santa gift card projects as well. Lemonade on Hedera is also coming soon!

Celeb | Decentralized Club:
Am excited about this

Community ask questions from Website

Celeb | Decentralized Club:
Website questions
1. If I’m correct, from my understanding is “Lemonade” an entirely different dApp or JigStack DAO? Can you explain better? And what is the “a-la-carte sale structuring”?

Telegram Username: Fiyako12

I never sell my tokens

charles robinson:
Yes!

Lemonade is different than our DAO. The DAO will perform more and more governance over time as we implement it. As far as the a-la-cart portion of the question not sure what that means.

Celeb | Decentralized Club:
Alright

2You have hosted a very useful AMA session and received lots of questions about vision / mission, technology, utilities, etc. So, What do you want to receive from the community And how can we help with your project?

Telegram Username:
mayowa87

charles robinson:
The community can help us by getting the word out. We were recently judged to be one of the top 5 launch pads. Also, send us worthy projects to launch on lemonade. As far as holding our STAK token HODL and put your tokens to work once STAKBank has been launched.

Celeb | Decentralized Club:
What does stak bank do

charles robinson:
And don't forget ETHLink. This Viral marketing blockchain-enabled tool will be industry-leading.

With StakBank, $STAK holders can compound, farm and harvest crops (projects) that are launched on Lemonade.

Celeb | Decentralized Club:
Great to note

3.Do token holders tend to have airdrops and would there be token burns and buybacks for token price sustainability

Telegram Username: @joshblaze

charles robinson:
We will support the token price and scarcity as best as we can.

Celeb | Decentralized Club:
Every investor loves this because it causes a hike in price 😅😅🙂🙂

Community ask questions from Twitter :

Celeb | Decentralized Club:
Twitter questions

1.Let’s talk about “Jigstack’s Lemonade Launchpad “ what do you mean by adhere to a high and uniform quality standard? @lady sheraz

charles robinson:
That's why unlike stocks which can forward and reverse split cryptos have a cap.

Great question

All the projects that launch on Lemonade, our IDO platform will have to exhibit industry-best features and functions. There needs to be a clear niche’ for each project to launch and our community will need to buy-in through our whitelist process and ultimately through our DAO voting. Security and protection of our user’s data are our highest priorities with Lemonade so expect high security in all our launches. Each project has their own PM and Ethereum or Hedera dev associated with them for ongoing development of features post-launch. BTW, we are currently working on another amazing partnership.

Celeb | Decentralized Club:
Patnership help sustain projects for a long time

charles robinson:
yes, sum of parts

Celeb | Decentralized Club:
Let move to question 2

2 what solutions you will provide to current issues on Ethereum including high GAS fee, slow transaction speed and hacks
@kingwealthjnr

charles robinson:
Hacks would be through our smart contract audits by Cyber-Unit. Gas savings would be through Hedera and Polygon. Done

Celeb | Decentralized Club:
3.
From your website it say you have been audited but i would like to know which company audited you and what were the loooholes and we have seen the downsurge of coins due to BTC effect how can you avoid this to make your coin stable
@freedom_marcus

charles robinson:
Cyber-Unit is the auditor for STAK. Our audits are available on our GitHub. We are not a stable coin-per se’. But we want our STAK tokens and all of our launched tokens to be as stable as possible. Unfortunately, bitcoin dominance is what every alt token needs to deal with. With ETH’s recent surge we are seeing some break-away from BTC dominance currently 46.34%

Stable as far as progressive rise or K-Line

Live Questions answered by JigStack

Thomas:
Security is a critical aspect when it comes to managing a portfolio of assets and protocols. What are the security strategies and methods you have developed within Jigstack to provide confidence to your users and investors? Does Jigstack provide me with complete control of my assets at all times?

charles robinson:
All of our SC's are audited regularly and certified.

2. Topind:
How do you think you can best attract investors to contribute to this project by investing?

What benefits do you think your partnership with Polygon will to your project and also your users?

@crobinsonoc

charles robinson:
Polygon will be reduction in fees.

3. Thomas:
-Ethereum has reached widespread commercial-grade usage, but still has issues with gas rates and scalability. As Jigstack uses a portfolio of ETH-based assets, how have you kept these network issues from affecting your protocols? Is the adoption of another blockchain in your plans?

charles robinson:
We are working on Polygon and Hedera. Another platform may be announced soon.

4.Me armor:
What are your plans for longevity and happening as we often see, many projects die after a few months? What marketing strategy did you come up with and how do you plan to attract more users and investors?

charles robinson:
We are in this for the long-term. We have many more projects in the works.