AMA with Tradao
On the 7th of March, 2022 at 15:00 UTC, Decentralized Club had the honor of hosting Thang Nguyen from TraDAO 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 TraDAO 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
Hello, สวัสดี, 大家好, नमस्ते, Selamat!
It’s your favorite host, May! Here again for another session with Trava Finance 🥳
Today, we have a special guest from Trava with us!
Everyone, please make welcome Mr. Nguyen
Hi everyone, great to be here to share with all of you about Trava and TraDAO.
You’re welcome to our community - the Decentralized Club.
How’s your day going?
Yeah, we are all good now.
Despite the covid pandemic, Trava and TraDAO are still growing.
Beautiful! Good to see progress!
Looking forward to an amazing session!
Can you please introduce yourself and your role at Trava and TraDAO?
My name is Thang Nguyen, CTO, and Co-founder of TRAVA.FINANCE
I completed a Master's degree from Hanoi University of Science & Technology in the Computer Science domain with expertise in distributed systems, especially blockchain applications.
I and my team established Trava with a desire to bring a new generation of lending pools for users. What makes Trava become a breakthrough include pool creation and credit score. But we still want to bring more to users in the next few years.
This is an impressive background 👏🏼👏🏼👏🏼
I can tell we will have an enlightening session!
Let’s now take some questions about Trava
yeah, I can not wait for that
Can you give a brief description of TraDAO to the community?
TraDAO is a new product compatible with other products in the Trava ecosystem.
It is the world’s first bonding protocol with installment and reputation tracking. TraDAO is protocol-owned liquidity, accumulating value through such activities of bonding and auto-compound staking which are regulated by a treasury.
TraDAO is deployed on the Binance Smart Chain and allowed for bonding with tokens on BSC first; we then enable multi-chain deployment and offer bonds to be exchanged for various tokens on other blockchain networks.
The protocol is DAO-governed; all of the operational decisions will be formed by our community members and determined by holders through voting. Since it is a part of the Trava Finance ecosystem, the governance token of the TraDAO Protocol is the TRAVA token.
The protocol issues the decentralized reserve currency - TOD token, which is backed by a basket of assets in the treasury, including stablecoins, LPs,... to ensure it does not fall below its base value of $1. The TOD token will be released based on the “Mint & Burn” Mechanism, managed by no one other than the TraDAO protocol.
TraDAO Protocol also offers many unique advantages to users such as:
Secondary Bond Marketplace
Could you share with us the different aspects of the Tradao.Finance project and the unique features compared to other similar platforms?
Thank you for your interesting questions
In comparison to other initiatives in the DeFi 2.0 space, TraDAO Protocol offers a number of unique advantages to users:
Bond Installment: Apart from the traditional bonds, TraDAO allows users with small funds to obtain more bonds. Bond Installment is a one-of-a-kind feature that allows users to buy more TOD with a little initial amount of assets, then leverage benefits in Staking Strategy, and pay off the debt. Your bond shall be automatically staked after you use Bond Installment. A bigger amount of bonds can generate bigger profit in our Staking Strategy and bring such benefits to users with limited capital.
Wallet Reputation: Wallet Reputation is calculated based on Trava Knowledge Graph to evaluate users’ credit and loyalty in the Trava ecosystem, thus offering a more preferential Bonding Strategy for users with high Wallet Reputation. Wallet Reputation will be integrated with this product in the form of a reference to decide which user will have more benefits (i.e, lower prepaid rate, lower interest fee rate, higher liquidation discount rate,…). For example, holding assets in the Trava Ecosystem can be considered as a condition to gain a high wallet reputation.
Secondary Bond Marketplace: A secondary marketplace for bonds allows users to auction and purchase liquidated bonds, immature bonds,... It provides users another gateway to bond and takes advantage of liquidated bonds, or immature bonds to leverage their profit through Staking Strategy.
Multi-chain Deployment: TRADAO will be deployed on multiple chains in the future, which opens more opportunities for new investors to get more rewards while bonding and stacking in our TraDAO system.
FYI: We have just released our first bond: BUSD bond and BUSD/TOD bond.
You can check more information here: https://t.me/trava_finance/113724
Or join our application at: https://app.tradao.finance/bond
Speaking about TOD, last week your team listed the TOD token on PancakeSwap. It was a great event. Can you share with us the utilities of the $TOD token and its benefits for users?
Yeah, thank you for your information.
TOD's trading link:
All done? :)
Yeah, all done.
Okay, great answers! 👏🏻
Let's now take some questions from our Twitter community.
Segment 2 - Twitter Questions
It's hard for investors to trust and invest in new projects lately and most of the project has been claimed to be falsified, How do make investors trust your Project
Twitter Username: @Faruk16128216
Thanks, @Faruk16128216 for an interesting question.
We have a good internal Security team. And our product has to pass an internal audit before launch.
Trava has also passed the audit report from CertiK and Hacken. You can see the details of the two audits: https://hacken.io/audits/#trava_finance and https://www.certik.com/projects/trava.
Besides, the community is an important part of the project so bug bounty is one of our security strategies.
I think many users want to know about the relationship between TraDAO and Trava, can you explain this relationship, what benefits each protocol inherits from each other.
Twitter Username: @LucidLucid8
Yeah, great question about how TraDAO and Trava are being great together.
The relationship between TraDAO and Trava is to promote the co-development for both protocols in the Trava.Finance ecosystem.
Since it is a part of the Trava Finance ecosystem, the governance token of TraDAO Protocol can be both TOD and TRAVA tokens.
Moreover, the liquidity owned by the TRADAO protocol could be deposited in the Trava Lending Pool to generate more profit and this profit will be shared among users in the entire Trava ecosystem.
We utilize Trava's Knowledge Graph, on which Wallet Reputation is calculated, is integrated to evaluate users’ credit and loyalty in the Trava ecosystem, then users with higher reputation will receive more preferential treats in Bonding (i.e, lower prepaid rate, lower interest fee rate, higher liquidation discount rate,…).
In the future, we might allow TOD tokens to buy Trava Knight NFTs to farm and earn incentives.
In detail, I would like to share an infographic describing this close connection between the two protocols. Let's take a look at it.
Many press releases have talked about TraDAO such as NewsBTC, MarketWatch, CryptoNews, Bitcoinnews, etc.
The most important thing is the player. When players are satisfied, global partners increase, the price and value of the token will naturally increase. What plans does the TraDAO team have in mind to make the player ecosystem more robust & attract players to TraDAO?
Twitter Username: @YOUSUF_tayba
Our team acknowledges that users' loyalty plays a vital role in our project, therefore, to celebrate TOD's official listing on PancakeSwap and express our appreciation for supporters, we are pleased to announce the campaign to welcome TraDAO, early loyal members. You can HOLD, STAKE, and SHARE TO YOUR FRIENDS to get REWARDS up to $5000. There are 5 days left until we close the contest.
You can join in any categories as below:
$TOD Purchasing Battle - The more $TOD you buy, the more benefits you get.
$TOD Staking Competition - The more $TOD you join in Auto-Compounding Staking, the more chances you have to earn rewards.
Community Engagement Contest - Creating and promoting TraDAO & TOD through Twitter
For more information about the contest, please read HERE: https://medium.com/tradao/early-loyal-members-welcome-campaign-hold-stake-refer-friends-and-get-rewards-e7f478cb51af
Does TraDAO support staking? if yes. How does your stake system work? Please share details about it.
Twitter Username: @OmegaToAlphal
Thank you @OmegaToAlphal for your interesting question.
We have already supported auto compounding staking vaults.
The detailed program can be shown here: https://app.tradao.finance/stake
Our staking vault will be auto compound every 8 hours, which makes the APY very high.
At the moment, the APY is more than 5000%
When you buy a bond, your TOD will be automatically deposited to our staking vault, and you can earn a reward from there instead of withdrawing from bonding and stake to vault.
Our program is still running with very impressive rewards.
Join with us and become a member of TraDAO finance
Can you please share links to the event?
More information about our staking program: https://medium.com/trava-finance/tradao-protocol-to-open-auto-compounding-staking-98d8302217f9
Let's now hear from our live audience! Are you ready for their questions?
Yeah, I'm ready for that
let's go forward
In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick four original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
yeah, let's go
Let's give the community some time to sort their good questions.
Dear Mr. Thang, what is your favorite sport?
Yeah, Football is my favorite sport. Do you play it?
I watch it :)
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!
Football and my shirt is “insert color”
Please include a random color in the phrase to show you are following
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 questions apart!
Football and my shirt is "insert color”
Please prioritize such questions 🙂
Thank you all of you for your interesting questions. Let me check and answer.
Please remember the keyword 🥳
What is the Contract Address of TOD and where can we buy it?
If you can share the Pancakes Wap link, better.
Thank you Mr. Thang of Trava!
Football and my shirt is blue 🔵
Yeah, basic question but a lot of information here.
The contract of TOD on binance smart chain is: 0x21d5Fa5ECf2605c0E835Ae054AF9bbA0468e5951
The link for trading TOD on pancake swap: https://pancakeswap.finance/swap?inputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56&outputCurrency=0x21d5Fa5ECf2605c0E835Ae054AF9bbA0468e5951
[দুনিয়ায় সবি মায়া]
Do you Have a road map that can Describe your Future Plans?
If yes Then Please Share With us. football
Thank you for your question
This is my pleasure to share with the community about the plan.
In February, we successfully launched a Public Offering program with 65.000 to $TOD sold out. Our team has raised more than $300k in BUSD. This was the first step for the long-term development of Trava in the future. On the 2nd of this Mar, we have also listed $TOD on PancakeSwap
After listing, Bond Sales will be enabled for users to bond at a discounted price and Auto-compounding Staking earning 10 thousand APY in TOD will be officially launched.
Moreover, we are going to launch Bond Installment - one of the primary features of TraDAO this month. In addition, the second version of Wallet Reputation will be released for the TraDAO protocol, bond installment marketplace, and so on.
I would like to send the tentative roadmap of TRADAO this year as the picture
At the same time, we are conducting marketing activities to promote TraDAO to reach more new users, along with updates from other products in the Trava Ecosystem such as NFT to celebrate the launch of TraDAO.
An interesting feature on your website is the "Safety Passbook". What is it all about?
Safety Passbook is a program to lock Trava/BNB LP tokens on the binance smart chain. That makes our pool on pancake Swap stable on the long-term vision. The program of Safety Passbook has been published at https://medium.com/trava-finance/introduction-to-safety-passbook-for-trava-holders-27ff954dc4a6
What role will the Knowledge Graph of Trava have in TraDAO?
This is a technical question.
Trava's Knowledge Graph is crawled from blockchain networks like BSC, Ethereum, Fantom. That makes our data analysis process easier and smarter.
The reputation model is one of our analyses on Trava's Knowledge graph. This model helps us create bond installment and help to evaluate users who join our ecosystem.
Based on that, we bring more features and utility to our users.
Can you take some more questions? :)
How is the NFT of Trava being applied in TraDAO? how does it benefit or enrich TraDAO development?🌹
Yeah, the last question. Great to hear about the NFT feature
Thank you for your interesting question. On the roadmap, the auction mechanism will cover traditional bonds, liquidation bonds (because we provide installment bonds), and maybe NFT represented for bonds.
We already consider the NFT Knights levels in the $TOD whitelist (from gold items above). We also have planned to integrate between bonding and NFTs in TraDAO closer. The detailed information will be published in the near future. The wallet reputation shows the loyalty of a wallet to a token. In the future, the reputation for Trava’s ecosystem like lending pool, staking, and Trava Knight NFTs will be released. Trava Knights can use this information to get benefits on TraDAO applications, like installment bonds and auto-compound staking. This is very hopeful for these features.
Moreover, there will be a big update of NFT to organize TraDAO's Listing event. Let's get the newest updates on NFT Discussion Channel: https://t.me/travaknightnft
So great to be here and answer a lot of interesting questions about Trava and TraDAO. Hope that I've just brought more information about our project to all of you.
Aaannnnd it's a wrap! 🥳
Thank you so much for your time with us 😊
It was a very enlightening session, just as predicted!
yeah. Thank you @MsMayMay for your support today.
💙It’s a great honor for us to be able to participate in this AMA!
🔥You’re amazing with such insightful questions. We really appreciate it. Knowing your interest in the project is a huge motivation for us to improve our service.
We’d also like to thank the Admin team for their whole-hearted support.
👍Wish you all the best!💙
👥You can find more information about our project and catch the latest news in the future at our channels👇
📍 Website: https://trava.finance
📍 Group chat: https://t.me/trava_finance
📍 Twitter: https://twitter.com/trava_finance
📍 Medium: https://blog.trava.finance/
Thank you dear guest for your time and patience, and very impressive answers!
TraDAO is a solid project and we wish you all the best for the future!
Our warm regards to the rest of the awesome team at the Trava and TraDAO HQ working tirelessly to make this project a success!
Dear community, show support by following them 🥳
Thank you for your time. And see you for other AMA at the amazing community in the future
Until next time, do have a great day!
The AMA with TraDAO is now over.