AMA with Trava Finance

Introduction with Trava Finance

Riswan Rasheed:
Q1. Can you tell us what is the reason for naming your project Trava Finance and what is the goal behind this project?

Minh |TRAVA.FINANCE - Will never DM you first:
TRAVA means Transfer Of Value. We would like to create a next generation of lending protocols that bring true values to end-users.

TRAVA is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrowing/lending interest rate, liquidity threshold, Loan to Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. TRAVA is deployed on the Binance Smart Chain and allows for lending with BSC tokens first; we then enable cross-chain lending with various tokens on Ethereum and other blockchain networks.

You can follow our project at such channels like:
- Twitter: https://twitter.com/trava_finance
- Group chat: https://t.me/trava_finance
- Channel: https://t.me/trava_finance_official
- Medium: https://medium.com/@trava.finance
- Reddit: https://www.reddit.com/r/TravaFinance/

Riswan Rasheed:
Community dont forget to join😊

Q2. What are the most significant features of Trava that makes it better than other lending marketplaces?

Lam | TRAVA.FINANCE - Will never DM you first:
Thanks for your question

There are many big players in this domain such as Compound and AAVE. However, we believe that there are still a lot of opportunities for Trava. Our main differences between Trava and existing solutions are:

1. Trava allows users to create their own pools with their own parameters such as borrow/supply interest rate, liquidation threshold, etc.

2. Trava provides credit score for users. The pool owners can define a credit-score threshold for borrowers to reduce the lending risks, and set high Loan-to-Value ratio for borrowers with high credit scores.
3. NFT, stock tokens and other digital assets as collaterals: to increase the liquidity

4. Cross-chain identification and cross-chain lending: Trava can identify all wallet addresses of the same users on different chains. After that, users can use up all of their cryptos as collateral for a huge loan in a single transaction

We plan to offer many functions of statistical, and analysis data for our users. In this way, our users can reduce the risks and increase profits in a professional manner.

Riswan Rasheed:
Q3. How do we acquire TRAVA token and how its price will be positively affected in the long term ?

Lam | TRAVA.FINANCE - Will never DM you first:
🥰

Minh |TRAVA.FINANCE - Will never DM you first:
An interesting question. Thanks.

We will list Trava token in various exchanges in the next month. Besides, we also plan to do IDO on platforms. Please follow our community channels (e.g. Telegram: https://t.me/trava_finance) to get our updates. We also will organize many challenges for everyone to earn Trava as rewards. Stay tuned!

Trava's price depends on many factors, but we can say that two of the most important factors that affect Trava token are community and the project's USPs. We hope everyone loves to use our provided functions and a large number of users will use Trava! Thus Trava token always flies high :)

Riswan Rasheed:
Q4. How does Trava achieve decreased risk and higher profit for its users ?

Lam | TRAVA.FINANCE - Will never DM you first:
Firstly to reduce risk, TRAVA offers an inclusive credit rating model with various financial factors. Credit score provides users with the accuracy in assessing accounts’ creditworthiness and the risk of default. TRAVA also performs statistical data analysis to assists users in detecting and alerting unusual transactions in their pools. Pool owners can rate borrowers’ credit and eliminate fraudulent accounts. In addition, in the near future, pool governance not only belongs to pool owners, but also TRAVA community and the community of those pools.

Next, for profit,

1. For borrowers, the primary benefit is that they can borrow with "preferential interest rate" if their credit score is high. They can also receive higher loan-to-value-ratio compared to other users

2. For lenders, who have high credit scores easily become LPs of different pools. Moreover, when they create a pool, their pool will have a higher credit score.
Of course, we also do a lot of audits for our code to ensure the security for our customers. The code audit will be performed by our security partners, our team, and Bounty programs.

Riswan Rasheed:
Q5. What are some of the biggest developments on track for completion this year for Trava Finance?

Minh |TRAVA.FINANCE - Will never DM you first:
I think this question brings a lot of things for community, who would like to get experience with Trava

At the moment, Trava offers a full basic service that allows users to create pool and interact with pools at https://app.trava.finance.

We have deployed Trava.Finance smart contracts on the BSC network.

- In Q3 2021, we launch beta version of credit score.
- In Q4 2021, we support Beta version NFT auction and cross-chain protocol.

In the future, we would like to co-operate with data providers in AI field for our data analysis system, alongside with the model we've been developing in order to diversify data analysis process. In addition, we would like to make partnership with data providers or data services with a view to improving our analytic results. Partnership with cross-chain platforms is one of our priorities at this moment.

Riswan Rasheed:
Thanks for the Wonderfully Detailed answers😄

Lam | TRAVA.FINANCE - Will never DM you first:
Thanks for great and interesting questions!

We hope the community will like and satisfy our answers as well as our project TRAVA

Community ask questions from Twitter

Riswan Rasheed:
Q1) What are your main features that distinguish you from other projects and what competitive advantages do you have?

@harshalopus45

Lam | TRAVA.FINANCE - Will never DM you first:
I think it is quite same with the one question in the Part 1. So I will use the answer from Dr. Minh.

There are many big players in this domain such as Compound and AAVE. However, we believe that there are still a lot of opportunities for new solutions such as Trava. Our main differences between Trava and existing solutions are:
1. Trava allows users to create their own pools with their own parameters such as borrow/supply interest rate, liquidation threshold, etc.
2. Trava provides credit score of users. The pool owners can define a credit-score threshold for borrowers to reduce the lending risks, and set high Loan-to-Value ratio for borrowers with high credit scores.
3. NFT, stock tokens and other digital assets as collaterals: to increase the liquidity
4. Cross-chain identification and cross-chain lending: Trava can identify all wallet addresses of the same users on different chains. After that, users can use up all of their cryptos as collateral for a huge loan in a single transaction.
We plan to offer many functions of statistical, and analysis data for our users. In this way, our users can reduce the risks and increase profits in a professional manner.

Yes, during this time, please join our channel to get more information. https://t.me/trava_finance

Riswan Rasheed:
Q2) Lately most projects on the Crytocurrency space are characterized by serious security issues. What steps have taken to ensure that security is not an issue here?

@vishdevasa

Minh |TRAVA.FINANCE - Will never DM you first:
Awesome question!

To ensure safety, we have several strategies as follows:

- Auditing code performed by third-parties: we've already contacted with Hacken, Haborn. We are now contacting with some others.

At least two audit processes from third parties will be performed for our codes

- Audit internally our codes. We have a strong team with high skills at security.

- Community check: we will organize hackathons and reward programs that encourage community to detect risks and help us to fix (if any).

Riswan Rasheed:
Q3) Marketing is a central element for every successful project, what is your strategy to attract new users and investors to your project and keep them long term? What is your most trusted feature?

@hananirsha

Lam | TRAVA.FINANCE - Will never DM you first:
Thanks @hananirsha for your interest to Trava

Marketing is a very important factor that brings any project to users. There is no exception for TRAVA. We have done many marketing activities, including

- Connect with influencers, KOLs

- Do AMAs in many channels

- Publish articles on Medium and other channels

- Provide incentive program for users like staking pools, games, etc. to enable them to get rewards

- Last by not least, we contain many UPSs of Trava. These features are the strongest attractive points for users rather than many marketing campaigns

Our teams together with the mitigation strategies mentioned in the previous question ensure that all Trava's features are trusted. 👍

Riswan Rasheed:
Thanks for the wonderfully detailed answers.we will see a good future

Community ask questions from Website

Riswan Rasheed:
Q1) Partnership and community are the key to the success of projects, can you tell me How Trava Finance will expand the partnership and which markets will Trava focus on?

Gayathsk

Minh |TRAVA.FINANCE - Will never DM you first:
Thank Gayathsk for your question!

For the partnership, we are looking for partners that can add more benefits and values to Trava. Currently, we are in the progress of discussing with some potential partners. They are all community-based successful startups. Please follow our channel (https://t.me/trava_finance) to get next information.

There is no border for the Trava's usage. Everyone can use it! However, at the early stage of this project, we focus more on potential and dynamic markets like India, Arabic countries, Korea, and will expand to other continents.

Riswan Rasheed:
Q2) Does your project support staking program?if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

Binthasalam

Lam | TRAVA.FINANCE - Will never DM you first:
Thanks Binthasalam for your interesting question.

Yes, we will provide TRAVA's vault for staking this month. Stay tuned for our updates. Our staking program will use our credit scoring model and data analysis model for calculating the APY and the vesting time. There are no specific requirements for staking. We welcome all of you to join our program.

Riswan Rasheed:
Q3) Customer support is the biggest aspect of any successful project. Do you have specific plans to attract and expand the customer and improve the user experience?

Hjanabouy

Minh |TRAVA.FINANCE - Will never DM you first:
We like your question, Hjanabouy! Thanks.

Basically, I agree with that. We have many activities for our customers and community. Hackathons and Bounty Campaigns are two of our programs that will be organized to attract customers, developers, users, who would like to help us. We also will create Technical support channel on Telegram to expand the number of customers and thus receive ideas, contributions from community in order to improve the users' experience. Our team always works hard for Trava's users.

Live Questions answered by Trava Finance

1)Damianos:
One of the features of Trava Finance is Credit score evaluation. So,how does the evaluation of credit score being done in your platform?What are the basis of having a high credit score? What advantages if creditor will have a high credit score and how about with low credit score?

Minh |TRAVA.FINANCE - Will never DM you first:
A great question, our credit score formulae are built up based on FICO method and data analyses processes. FICO is the famous method, which brings the reliability for everyone. Besides, our financial team always tries hard to ensure the measurement is precise through turning, monitoring, and audit mechanisms. The credit score is calculated in a long time (day, month) based on the activities of users, the number of tokens which the user is holding, .... If the parameters is high then credit score also is high and vice versa. If you have a high credit score, you have a big change to get high Trava pool's reward, increase the lending ratio per collaterals.... Credit score will help you get wins with much profits as compared with others.

2)Tumi Amar:
During the build of your project, do you take into account any of the community feedbacks or demands to further expand the new ideas for the proyect?

Lam | TRAVA.FINANCE - Will never DM you first:
To us, community always comes first and we would like to become a community project soon.

As a user, you can do a lot of activities to contribute to the sustainable development of TRAVA by participating in borrowing on the platform, creating pools, depositing money into pools and participating in other activities such as AMAs or mini games. We would greatly appreciate your participation

As a dev, you can join our technical support group on telegram to give contribution to the development of our project, so we can improve our solutions and better our project

3)DIPA NITA(6):
Hello Sir,
NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project!!?

Minh |TRAVA.FINANCE - Will never DM you first:
We recognized that NFT is not exchanged much because of the lack of pricing process. Therefore, we built the function that allows auctioning NFT. Through, users can price the NFT. On the other hand, we also encourage users to use NFT in lending contracts. This process will help increase the NFT liquidity, even increase the NFT's value. The combination of NFT as a digital asset and lending business will bring many benefits for our customers.

4)Aston Rowi:
Rug pulls and exit scam happening a lot. As an investor how can I trust you that you are not like others?

Lam | TRAVA.FINANCE - Will never DM you first:
Trava team's profile is published on website. We have provided the MVP on Testnet and Mainnet of BCS

You can test the applications and get your experience with Trava app. This proves our team's ability in development.

We also have a long term road map to build up Trava's functions.

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