AMA with Slope Finance

8 min readJan 23, 2022

On the 22nd of January, 2022 at 13:00 UTC, Decentralized Club had the honor of hosting Name Sam from Slope️ Finance 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 two segments. Introductions were made in Segment 1 and questions from the Twitter community were answered in Segment 2.

If you missed this event and would like to know what Slope Finance 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, 大家好, नमस्ते, Selamat!

My name is May and I'll be hosting the AMA with Slope Finance.

We have a special guest from the Slope Finance Team

[Sam]
Hi

This is Sam from Slope Finance

Nice to meet you

[May]
You're welcome to the Decentralized Club and it's an honor to have you here.

How's your day going?

[Sam]
Great

[May]
Okay!

Could you please tell us about your role at Slope Finance?

[Sam]
Let's go

Sure, I am VP of Slope Finance

[May]
Awesome

[Sam]
It is a great honor to join you here

[May]
Yes!

Could you please make a brief introduction of Slope for our community friends? And what kind of role will it play in the DeFi and Solana ecosystem?

[Sam]
Slope refers to the Wallet and DEX built on the Solana blockchain for the community.
Slope has committed itself to becoming the infrastructure for the Solana ecosystem with a wallet as its entrance, and providing a more comprehensive solution as well as an easy access for more users.

There are now two products that have been launched on Slope, including Slope Wallet and Slope NFT market. Slope DEX has already completed development, but hasn’t launched yet, and Slope DAO will come soon.

Slope Wallet, as the first gateway to the Solana ecosystem, provides users with more intact experience in the system.
Slope NFT Market, here users can trade NFT freely. Besides the leading infrastructure in the Solana ecosystem, Slope NFT market also provides more options of mobile storage and bidding NFT for our users.
Slope DEX is the first mobile DEX based on Solana, which delivers an interactive experience of centralized exchanges to users, and provides decentralized means of exchange.

Slope has been adhering to the concept of building for the community from the start. Slope DAO, as an important infrastructure for the community to participate in the construction of Slope, is also included in the development plan.

In addition, Slope is developing a new heavyweight feature for a project secretly. Through unremitting efforts, our team hopes to provide users with a better experience. Please stay tuned for the latest progress of Slope.

[May]
👏🏻👏🏻👏🏻

Could you tell us something about the background and stories of your team?

[Sam]
The co-founder of our team, once studied at prestigious universities in HK and the U.S., has many years of entrepreneurship experience in the financial sector with profound insights into finance and technological development. After his company was acquired by another listed enterprise, he started a career in the field of Blockchain, accumulated a lot of knowledge about the industry, and did numerous technical studies during early stages. Last year, he decided to join the Solana ecosystem for its promising future

The co-founder of our team has many years of experience in traditional Internet operations. In 2017, he entered the Blockchain field and has accumulated many years of experience in project operation. He was also responsible for running and raising money for projects such as polkadot and terra.
The technical partner of our team participated in the construction of Solana and Serum during the early years, and has many years of experience in developing Rust as well as smart contracts.

[May]
👏🏻👏🏻👏🏻

Compared to Sollet wallet and Phantom Wallet, What advantage do you have?

[Sam]
Slope Wallet is the first mobile gateway to Solana eco, to be exact, Slope Wallet is a cross-platform Wallet. It is available on both Mobile end and Google Extension
In Browser, Slope Mobile wallet has connected more than 70 Dapps. Users can participate in the most popular projects in Solana via Slope Wallet and win rewards

You can check details at: https://www.youtube.com/watch?v=GHSk987xw1k
Slope Wallet also kicked off plenty of collaborated activities with projects in Solana eco. Users can join our activity on Slope Wallet mobile end.
Besides Browser, We have Nucleus - The heart beat of Solana. Here you can view all News, Ranking, AMA, as well as IDO info in Solana eco.

Slope NFT market is also one of the most popular features in Slope Wallet. Users can buy and sell NFT in the Slope NFT market. If users hope to HODL NFT, Slope wallet will also be a perfect place to store.

[May]
Great answer!

Can you share more about your investors?

[Sam]
Sure, Investors of our seed round include Alameda research, Solana Capital, NGC, Rarestone, Signum, etc. Investors of our PE round include Huobi, Gate and OKEx. We are actively communicating with leading institutions around the world. Besides, these investors are from all over the world, including Japan, the U.K., Australia, Italy, Vietnam, South Korea, the Middle East and South America.
You can check the details at: https://slope.finance/

[May]
Ethereum developed many years ago and has mature infrastructure, BSC has a huge user base. But why do you choose Solana?

[Sam]
Solana is a blockchain protocol that outperforms other existing public chains in terms of speed and efficiency. On the fast-growing public blockchain Solana, the transaction cost is close to $0.00001, and the blockchain can support up to 50,000 transactions per second. The block processing time is 400 milliseconds. With this support, Slope DEX can handle a large number of transactions without a fixed cost.

thank you

[May]
Can you share the Slope token economic model? Any idea about IDO and TGE?

[Sam]
Community Rewards 16.00% Distributed to community through transaction mining and pledge, etc. Emitted across 36 months, with halvenings every 6 months.

Team and Consultants 20.00% Locked for one year after issuance, and then released linearly within one year.

Treasury 22.00% 220,000,000 Unlocked 20% by the third month from TGE, and the remaining released quarterly within two years.

Strategic Investor Phase I /Seed 8.00% 80,000,000 Unlocked 10% by the third month from TGE, and the remaining released linearly within one year.

Strategic Investor Phase II /Private 10.00% 100,000,000 Unlocked 20% by the third month from TGE, and the remaining released linearly within one year.

Partnership & Ecosystem Incentive 8.00% 80,000,000 Locked for one year after issuance, and then released linearly within two years.

Marketing 15.00% 150,000,000 Used for marketing activities, including but not limited to airdrops, etc.

IDO 1.00% 10,000,000 100% unlocked.

As for TGE and IDO, please join our community https://t.me/Slope_community to get the latest announcements

[May]
🥳

What is your plan for 2022? What features do we expect?

[Sam]
There are 3 features users can expect

Cross chain swap - This feature will allow users to swap their SPL tokens into USDC or USDC swap to SPL tokens

Multiple chain support, In 2022, Slope Wallet will also be acceptable for users in ETH， BSC

Game Wallet - Game will be the hottest topic in 2022, So we will prepare some game for our users

[May]
How will you explore the global market? Do you have any plans for ambassador recruitment?

[Sam]
Slope Finance raised funds in seed and private rounds from investors all over the world. Our investors introduced local KOLs communities and youtubers to help explore the global market.
We are also open to local agency collaborations. If you have good volume, Please feel free to send your proposal to Hello@slope.finance.

Besides, Slope finance also launched a global partner program. You can check the details at:
https://slope-finance.medium.com/slope-finance-global-partner-recruitment-program-252fafbc64d5

[May]
Very impressive answers from an impressive project!

[Sam]
Thank you
https://t.me/addstickers/Slope160721

[May]
Our pleasure!

It's now time to take questions from our Twitter community

Ready?

[Sam]
Go!

Segment 2 - Twitter Questions

[May]
Smart contracts are known to be susceptible to errors, bugs or hacks. So how is this Project security system composed? In addition, has any audit report been made by sources external to your project?

Twitter Username @xsikur2

[Sam]
Thank you for asking, Yes, Security is always the top priority for Slope Finance. The Slope Dev team are all from Google, Morgan, and BAT. they have great experience

Besides, Slope Smart contract has already been audited, You can check the details here: https://slope.finance/

We also have bug bounty activity, You are all welcome to join us and win rewards.

[May]
🥳

Dear community, please join @Slope_Community

I was observing on your website that you have support for Chrome, PC and Android, so I was wondering if we will soon have the Slope application for Mac devices?

Twitter Username @HumbertoAnttoni

[Sam]
Yes, Slope Wallet is available on both PC and mobile phones. You can add Slope Wallet on your google extension.

Download Slope Wallet at:

IOS: https://apps.apple.com/us/app/slope-wallet/id1574624530

Google Play: https://play.google.com/store/apps/details?id=com.wd.wallet

[May]
They say in their docs that community members and holders of $SLOPE will be able to participate in the governance, but at the same time I hardly got any information about it. Could you tell us about the governance of Slope Finance, and what are the advantages of being a holder?

Twitter Username @HumbertoAnttoni

[Sam]
Please note that Slope Finance has not launched tokens yet. Please Join Slope Finance community https://t.me/Slope_community and stay tuned for more details
Be careful with scammers.

[May]
Could you tell us what are the differences that Slope has over other more popular wallets such as Metamask and TrustWallet? They would also like you to tell us the advantages that the user will have when using Slope wallet, could you give us some details?

Twitter Username @ari_tulip

[Sam]
As we just said, a Slope Wallet is more than a wallet. You can check details at: https://www.youtube.com/watch?v=GHSk987xw1k

[May]
Solana is also different from its competitors since it runs on the proof-of-history (PoH) method rather than on proof-of-work (PoW) like Bitcoin or proof-of-stake (PoS) like Cardano — and soon Ethereum. So, tell me that is this the reason why Slope is running in Solana?

Twitter Username @CryptoOliver431

https://t.me/addstickers/Slope160721

Thank you, May

[May]
It's fine 😁

Aaaaaaand we've come to the end of the AMA with Slope Finance 🎉

It was such an insightful session!

Any final remarks for our community?

[Sam]
Thank you all, It was such a great night with all of you

Have a good night
https://t.me/addstickers/Slope160721

[May]
Dear community, please join Slope Finance TG to ask your questions 🥳

https://t.me/Slope_community

Thank you for your time with us today!

Our warm regards to the rest of the amazing team back at the Slope Finance HQ working to make this project a success!

Until next time, do have a great day 🎉

The AMA with Slope Finance is now over.

Written by Decentralized Club