AMA with Timechain

On the 11th of March, 2022 at 17:00 UTC, Decentralized Club had the honor of hosting Louis Cléroux, Founder of Timechain, 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 Timechain 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, Bonjour, สวัสดี, 大家好, नमस्ते, Selamat!

It’s your favorite host, May! Here again for another session - this time with Timechain 🥳

Joining us today from the Timechain Team is a special guest!

[Louis Cléroux]
Hello May

[May]
You're welcome to the Đecentralized Člub

Bienvenue dans notre communauté, Monsieur

https://t.me/decentralized_club/752676

[Louis Cléroux]
Merci 😄

[May]
How's your day going?

[Louis Cléroux]
Great thanks for asking

[May]
Awesome!

Could you please introduce yourself to our community and tell us your role at Timechain?

[Louis Cléroux]
My name is Louis Cleroux, I'm the founder of Timechain

[May]
A pleasure to have you in our community Mr. Cléroux 🥳

Looking forward to a delightful session!

[Louis Cléroux]
Me too!

[May]
Let's get started!

Can you tell us about TimeChain and the inspiration that got it started?

[Louis Cléroux]
Our vision with every tool we build at Timechain is to gradually build a bridge between the real world & the metaverse. It is to democratize finance by emphasizing the phrase "Time is your most valuable currency." by providing a simple ecosystem that allows users to meet all of their financial needs while increasing their freedom. Fun fact, The original Bitcoin white paper and code from Satoshi Nakamoto referred to the concept of Timechain rather than the more commonly used term blockchain

[May]
👏🏻👏🏻👏🏻

What innovative solution is TimeChain bringing to topple its competitors with similar offerings in the DeFi sector?

[Louis Cléroux]
Staking NFTs & Crypto on our app, Crypto Loans & providing better term rates to NFT holders, & re-enabling Fiat-Crypto transactions next quarter! We have a lot to offer also in the metaverse. There's something we are trying to explore. Play-to-Earn mixed with Decentralized Finance. P2E X DeFi

[May]
Very impressive features!

What are the utilities of your native token $TCS?

[Louis Cléroux]
TCS, our utility token, is the gravitational force at the heart of our ecosystem. As a result, you can expect to be compensated by TCS as well, just by holding an NFT. $TCS is backed by all of our products & will soon be aggregated across all BSC, ETH & FTM networks. By holding $TCS, users can benefit from higher APYs across all of our ecosystems & get early access to roadmap features. As for the DeFi side of things, we currently have liquidity & staking pools on Orion, TimechainSwap, Uniswap, and Pancakeswap. We are looking at new ways to benefit holders every quarter!

[May]
This is great! $TCS has very solid utilities 🥳

Can you tell us about the security of TimeChain? Have you passed any audits?

[Louis Cléroux]
We work closely with FireBlocks, in fact, we have a press release going out next week with them #alpha! We have internal audits from developers with a lot of experience and have a partnership with Gordian Agency for external audits. We have a lot of experience in the crypto space and we have a big doxxed team

[May]
Super!

Do you have any partnerships lined up? If yes, who are they with?

[Louis Cléroux]
We recently did an AMA with SpookySwap which is available on our Discord. We build new partnerships every month since our launch. We got a lot of traction with different partners in the FIAT space and crypto

We are planning an expansion in the US and the UK in the coming months

[May]
Looking forward to hearing the news!

Please give us a summary of your 2021 highlights and what major news should we look forward to from TimeChain this year?

[Louis Cléroux]
In all reality, what Timechain really is, is an ecosystem. The Timechain team has built a mobile app, a multi-chain DEX aggregator that provides DeFi services, a cryptocurrency fund that invests in other cryptocurrency projects, and it's very first NFT collection. We are building our own Metaverse with DeFi and play-to-earn features. We are going to the Game Developer Conference next week to secure partnerships with game studios and known brand in the space

[May]
We wish you all the best with the partnerships 👏🏻👏🏻👏🏻

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

Segment 2 - Twitter Questions

[May]
You say that Timechain is a secure financial ecosystem that can provide better financial and trading tools than other platforms. But what would be these tools that you offer? What are the main problems of other tools that other platforms offer? Are your products really unique?

Twitter Username: @Juan_31SB

[Louis Cléroux]
Thank you Juan_31SB for your question. We are building a debit card that will connect with payments rails around the world to enable a global FIAT bridge with the metaverse. Many companies are aiming to offer services such as loans without having the proper regulation in place. We take more time than our competition because we take more time to validate our innovative products with the legal team before launching

[May]
👏🏻👏🏻👏🏻

On staking NFTs. Is the NFT staking feature live on the Timechain app? Is this feature locked to only Timechain NFTs? What other cool features are there for users?

Twitter Username: @trixiesfirst

[Louis Cléroux]
Our NFT Staking will be available on the reveal day which is March 20th. It will be exclusive to Crypto Cups but we have plans to support other NFT collections in the future. Our NFT launchpad will enable the creation of DAO for creators and the community will be able to participate in those projects. We have a long list of creators willing to start with us. We are curating projects and creators will be doxxed!

[May]
🥳🥳🥳

[Louis Cléroux]
https://t.me/decentralized_club/752715

[May]
Beautiful! 👏🏻👏🏻👏🏻

When should we expect implementation of your DEX on Moonbeam Parachain and the general upgrade of your aggregator for increased coverage and lower swap fees, especially on BSC and ETH?

Twitter Username: @idmann_ub

[Louis Cléroux]
Impressive question @idmann_ub! Yes, the work is ongoing. We are very bullish with Moonbeam and our devs are working on the implementation. The coverage for BSC and ETH is coming with our new Bridge router this month!

[May]
Good to know!

What level of KYC is necessary for users of the Timechain mobile app and are users outside Canada permitted to make full use of the platform?

Twitter Username: @TadesCorner

[Louis Cléroux]
That's a good question @TadesCorner. Our only FIAT features are for Canada. We plan to expand to the US and UK in the coming month. Apple and Android users can use our crypto services without KYC

Just like Metamask, we don't require KYC to have a wallet on your phone.

[May]
That's good!

Looking forward to the UK and US expansion!

Could you tell us the main ways that we will have in Time Chain swap to earn rewards? Will they have Pools or some way to add liquidity to the project to obtain a percentage of the liquidity?

Twitter Username: @ari_tulip

[Louis Cléroux]
Yes, @ari_tulip! You can already stake TCS on our swap. We also provide LP and farming for multiple pairs. The APY is very high right now!

[May]
Hear that guys? The APY is high at the moment!

Great answers from you, Mr. Cléroux!

It's now time for the most popular segment of the AMA - Live Questions

In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

Please pick five original questions to answer.

Try to ignore generic, vague, and copy-paste questions 😊

Dear community, as a measure to deter bots and reward hunters, please include the phrase below in your questions so the guest can tell original questions apart!

🇨🇦 The guest from Timechain is awesome!

Dear guest, please prioritize such questions 🙂

The group will be unmuted shortly

---Chat was then opened for the live community to send in their questions---

Segment 3 - Live Questions

Dear guest, as a measure to deter bots and reward hunters, the phrase below has been included in questions so you can tell original ones apart!

🇨🇦 The guest from Timechain is awesome!

Please prioritize such questions 🙂

[Ravan]
Defi Industry has been in so much talk & so many defi projects are doing great but there are many concerns about the Defi platform about its security,

How safe & usable is the Timechain platform?

[Louis Cléroux]
We took more time to audit our contracts with external parties and we use high-end custodians to secure assets internally. We also have a decentralized team around the world to cover our services with different time zones

[Alaska]
🇨🇦 The guest from Timechain is awesome!

Looking at timechainswap I found an option of NFT and IFO Platform which are not available yet. So, can you explain to us more about these two integrations? What are the Timechain plans with NFTs and IFOs?

[Louis Cléroux]
NFT button should work: nft.timechain.com The IFO button will be live next quarter. More details to come soon!

You can join our Discord to have details about the WL in the general channel. We have mods 24/7 to answer your questions. In summary: March 15 to 17 - Public March 18 and reveal March 20. NFT staking will be available also at the reveal

[Juan Sandoval]
You claim that TCS holders can benefit from higher returns through the app and better rates through the DEX aggregator. But what exactly are the yields that I can generate? What fee would I save on DEX? Can I stake your token?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
Yes you can stake TCS today on timechainswap.com

[May]
https://t.me/decentralized_club/752943

[Leya Nirmala]
On your website I saw that your TCS token is supported by two different products in your financial ecosystem, so could you tell me which are these products that support your token? What are the different ways to generate income with TCS? Do you have incentives for the holders of your token?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
We are working on the FIAT bridge right now. More details to come next quarter!

[May]
Keep the answers coming 🥳

[Nimsa]
At the moment, $TCS is outperforming the price action on $FTM which is great. Do you believe we will see a similar scenario of the Timechain token on Binance Smart Chain and Ethereum?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
https://t.me/decentralized_club/752949

Good that you noticed! Yes, that's our goal!

[Topind]
1. If you don't compete with exchanges then how do you leverage them?

2. Does the TimeChain platform have the necessary tools to help grow and manage my funds effortlessly?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
Our mobile app makes it very easy to manage your crypto assets and earn rewards daily

[Charlotte Durand]
Timechainswap allows us to become a liquidity provider. But how will you guarantee the total security and privacy of the settlement deposited by your community? Mainly, what are the blockchain networks you work with?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
FTM, ETH, and BSC are the networks we support today

[Samuel Kenny]
🇨🇦The guest from Timechain is awesome!

Can you let us know the exact APY? What is Its percentage?

I read from an article that Timechain helps users to leverage the digital assets that they already have and increase their returns over time. How true is this? If true, are you also planning to include traditional finance services? Many also invest outside crypto.

[Louis Cléroux]
Yes, we are working with our legal team to enable such a service. Traditional finance takes time!

[Kelvin]
Will you tell me more about the "CRYPTO CUPS" NFT, will you please tell me some features of it and why should users hold the NFTs?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
Our staking feature will be the ultimate early utility. Also if you hold 3 cups, you will have access ''mint'' to our FTM lands project

https://t.me/decentralized_club/752954

[May]
Another great incentive! 😎

https://t.me/decentralized_club/752956

[David Panion]
How to make $TCS Token more advanced and popular? How many teams work to sell your tokens? Will they be able to control the market?

[Louis Cléroux]
We make AMA's regularly and we are pushing the token on multiple exchanges /networks. CMC only disclose about 30% of our real volume right now

[Evaluna]
Will Timechain have any consensus mechanism within its protocol? If so, which ones do you use in your ecosystem?

🇨🇦 The guest from Timechain is awesome!

[Louis Cléroux]
Yes, we will have something to announce around Q4 about that. I cannot drop too much alpha for now, but first, we need to aggregate our bridge solution to multiple networks before we release our own network protocol.

📍YouTube
👇https://www.youtube.com/channel/UCD4d8P_Dh79iYl9idzgOMtQ

📍Instagram
👉https://www.instagram.com/timechainapp/

📍Medium
👉https://timechainblog.medium.com/

📍Telegram
👉https://t.me/TimechainOfficial

📍Twitter:
👉https://twitter.com/TimechainNFT

[May]
Aaaaannd it's a wrap! 🥳

Thank you so much Mr. Cléroux for your time with us today!

Any closing remarks for our community?

[Louis Cléroux]
Thanks for having me! Best of luck to you all. BUIDL season is upon us. Enjoy the ride!

[May]
You were amazing!

Our warm regards to the rest of the Timechain team at the HQ working to make this project a success! 🥳

A bientôt, have a nice day!

https://t.me/decentralized_club/752964

The AMA with Timechain is now over!

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