AMA with Vaultz
Welcome to the recap of our AMA with Vaultz!!
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Vaultz is about, we are sure this recap is gonna help you. So without further ado, continue reading
Introduction with Vaultz
Trooper Zen:
Q1. Can you tell us about how experienced is the founding team of Vaultz ?
Stefan [VAULTZ and EVLTZ Community]:
The team, or better said community behind VAULTZ, has several months experience in DeFi. The most important thing to be mentioned is that the original dev team abandoned VAULTZ in early January. Since the contract and tokenomics were checked by WarOnRugs, and its bsc clones like SafeMoon, SafeBTC, Fairmoon etc. are repeatedly audited and found safe, the community took over this successful contract and is continuing with VAULTZ project, adapted it to Expanse chain as EVLTZ and are continuing development of an enhanced version for BSC chain.
Trooper Zen:
Q2. Can you tell us what issues is Vaultz planning to solve ?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ already solved several issues few months ago, ahead of its competitors. The main idea is passive yield directly to holder’s balance. No farming, no staking needed. This is achieved from transaction fees on top of gas costs. Another fees are being sent to liquidity where it is locked permanently. The other challenges we had was funds of the previous team. Initial liquidity lock expired on March 19th and the team indeed sold it the same day. The rest which was of similar size and entirely built from transaction fees is locked forever and nobody can ever pull it down. We also solved ETH gas fees by deploying a clone to Expanse chain and called it EVLTZ since there is no bridge, both tokens are independent. Recently 13% of supply was sent to a black hole and it gains yield the same way as other holders do, making VAULTZ deflationary. Future issues to solve are feeless p2p transfers and mass transfers which are planned to be solved in bsc version.
Trooper Zen:
Q3. Can you tell us about the private sale, token allocation etc.?
Stefan [VAULTZ and EVLTZ Community]:
There was no presale, neither for VAULTZ nor for EVLTZ. There was a compensation airdrop of EVLTZ running last month for those affected by panic selling of VAULTZ at the beginning of January when previous team abandoned. Token allocation for VAULTZ is the following: 7777 units, all Uniswap liquidity is locked forever, Uniswap liquidity is the #1 holder, the burn address is the #2 holder, some balance of biggest holders is locked at team.finance, there is less than 5% of entire supply to be used as team and promotion funds. VAULTZ already has more than 450 holders.
EVLTZ has 7777 units as well, liquidity distribution is different. Initial liquidity and liquidity from fees is all locked forever in burn address. Holders liquidity which can be used for staking in eggswap farms are distributed among multiple holders, the farm is planned to be released in the next few days by eggswap devs. Eggswap echange farms yield EGG token for providing liquidity for Expanse chain tokens. This token can be immediately swapped for any other Expanse chain token or base coin EXP. EVLTZ currently has 67 holders and eggswap pool.
Trooper Zen:
Is there any staking options are available for EVAULTZ token sir?
Stefan [VAULTZ and EVLTZ Community]:
EVLTZ LP stakers will get rewards for every block the liquidity is staked. This will be soon (days) available on this farm list: https://www.eggs.cool/farms
Trooper Zen:
Q4. What is Vaultz planning to achieve further this year?
Stefan [VAULTZ and EVLTZ Community]:
We are planning to release bsc version. Since VAULTZ clones already exist and are very successful, our bsc version will add new and very useful features. I won’t promise certain features except those mentioned earlier until all of them are tested and final version released. Stay tuned in our group and twitter for release and an opportunity to early participate in its initial liquidity offering. This will work as a simple contract vending the same amount of tokens to the buyer, liquidity and the black hole.
Done
Community ask question by Website
Trooper Zen:
Website question no 1.
From : Seline Howes (@Manugotsuka)
✴️ Apart of Ethereum, I just realized that Vaultz operate with the Expanse chain, so I never heard about this chain before, so it is good ? Also will you add chains like BSC?
Stefan [VAULTZ and EVLTZ Community]:
Yes! bsc is planned as mentioned just before. Expanse chain is a clone of eth chain offering more scalability and gas fees cheaper by 6 decimal places. 4 for price difference of exp compared to eth and 2 for always using 1 gwei instead of 100+ gwei. Even bsc fees are between $1 to $5, Expanse gas fees are always fraction of a cent, including expensive operations like contract deployments. Since this chain is less known, $2M marketcap, it is a great candidate to be one of the next moonshots. They made it once few years ago, price of EXP was $8, now is $0.14. It was $0.05 in January. Their official website is expanse dot tech.
Trooper Zen:
Website question no 2.
From : Tho xinh
With the increasing demand for products and projects on DeFi, is #VAULTZ one of the quality projects and what will bring an advantage to the market?
Stefan [VAULTZ and EVLTZ Community]:
Yes, VAULTZ is itself designed to keep and increase value over time. Not even EVLTZ on Expanse chain where it can be traded almost any amount virtually free, but also the original VAULTZ on Ethereum which is still worth for let’s say 0.3+ ETH investors and can be again affordable for smaller investors when eth2 fully launches and eth gas prices drop. Let’s look at its bsc competitors, or better say clones. Simply DYOR and compare contract code to find VAULTZ is father of nearly all latest bsc moonshots which made thousands % daily almost immediately after launch.
Done
Trooper Zen:
Is there any plan to change EVLTZ to BSC?
Stefan [VAULTZ and EVLTZ Community]:
Since there is no bridge yet and such bridge would not satisfy fee distribution and liquidity growth, the bsc version of VAULTZ will be launched independent on existing tokens. To encourage investors not to exit existing tokens an airdrop program for strong holders or new VAULTZ and EVLTZ buyers is considered
Trooper Zen:
Website question no 3.
From : Jade
⭕️The liquidity is one of the biggest issues that a project must affront, so what are your Incentives to attract and hold more Liquidity providers?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ already has 100% liquidity locked. More liquidity is automatically added with every trade. This also causes the minimum possible price, floor price, to slowly increase. Anyone who adds liquidity will be less affected by sharp price movements either way since the ratio of VAULTZ and ETH in their share remains constant. EVLTZ liquidity providers are encouraged to stake it and get rewards for every block the liquidity is staked. This will be soon (days) available on eggswap farm linked earlier.
Done
Community ask Questions by Twitter
Trooper Zen:
Twitter question no 1.
From : @OutOfRa42490321
Why do you take advantage of two independent tokens namely VAULTX and EVLTZ on the Ethereum and Expanse chains, do the two tokens have the same circulation features in each chain? and what are the advantages of both?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ and EVLTZ have the same circulation except funds for compensation airdrop mentioned earlier, the main advantage of EVLTZ over VAULTZ is gas fees and quite low unit price these days making EVLTZ affordable for smaller investors. Additionally, when the initial liquidity lock was about to expire, the community didn’t want to just wait and still pay high fees on gas, and wanted some compensation from January crash so we adapted VAULTZ to eggswap interface and deployed to Expanse chain and ran the compensation airdrop.
Trooper Zen:
Twitter question no 2.
From : @BENSTOCk23
Can you tell about your listing plans?Specially the ones involving major exchanges, CEX and DEX. What types Partnerships you are looking for and what values would they bring?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ is currently listed on Uniswap, 1inch and other DEX utilizing Uniswap LP pools. EVLTZ is listed on Eggswap. Additional DEX can be listed if they can handle VAULTZ transaction fees correctly. This is specially important for CEX so that VAULTZ will not lose its passive yield from trades feature. Vaultz was recently added to MintMe.
Plans for the future are depending on popularity and gas fees of each chain. Our goal is to be listed on some major CEX in 2–4 years.
Trooper Zen:
Twitter question no 3.
From : @PujiLes31565116
Vaultz Leveraging Ethereum and Expanse chains Two independent tokens with the same token and features. why Vaultz uses two tokens? Will Vaultz use more than two tokens later?
Stefan [VAULTZ and EVLTZ Community]:
As answered earlier, we are planning bsc launch very soon with some features ahead of clones that already exist on BSC chain. More unconnected tokens are a result of each token characteristics, fee distribution and liquidity increase would be very complex and slow to be achieved between more chains and since the contracts are designed to be immutable and thus trustless, it is virtually impossible to properly connect existing tokens later.
Telegram live Questions answered by Vaultz
Q1 from Zafiya Khan:
has your smart contract been audited by any blockchain system ? How does apply for a witness node or deploy/manage a smart contract ?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ contract was audited in December by WarOnRugs. The same auditor later posted warning about previous VAULTZ team, leading them to abandon and panic sell from investors. Clones of VAULTZ contract, like Safemoon, SafeBTC, Fairmoon etc. were repeatedly audited by the same auditor. This is one of the most reliable and safe DeFi token contracts ever.
Q2 from Zoy:
Why I choose your project than other project in crypto world?
What makes your project more meaningfull than other project?
What benefit I will get if I follow your project?
Stefan [VAULTZ and EVLTZ Community]:
Previous question topic was the cause I chose to revive VAULTZ and develop it on Expanse and planning bsc release. The community there was convinced VAULTZ is unruggable and it indeed survived that panic sell, the price flor feature stopped the price at $3. Since knowing only the team was the failure, not the contract, the community decided to establish anything was missing: new website, tg group and Twitter account. Now we are going back to two figures, VAULTZ on eth is $9 now. ATH was $80 only while its clones made thousand % gains. EVLTZ started with 1 EXP = 1 EVLTZ, today it’s over 11 EXP. I trust this project, that’s why I chose it for further development and promotion.
Q3 from i thingking about me || cari modal untuk nikah:
Is there an airdrop or bounty to get the $VAULTZ token and are there any plans to switch or add the Binance smartchain Blockchain in the $VAULTZ token?
Stefan [VAULTZ and EVLTZ Community]:
This one is important. An airdrop of EVLTZ was distributed to those affected by VAULTZ price drop in January, who applied. There is some remaining funds so if you were affected, the airdrop can be still distributed to few late comers. There is no airdrop of VAULTZ planned since it is expensive to transfer for such purpose. Instead, bsc chain version is planned to have some airdrop promotion, for example if anyone who buys or holds VAULTZ or EVLTZ at a certain date, and applies in certain time, will get bsc tokens as well.
Q4 from Biplob Ahsan:
One of the biggest issues for dapps is onboarding. What solutions do you have or the team found for try to resolve this problem?
Stefan [VAULTZ and EVLTZ Community]:
VAULTZ already had community onboard so that telling them the project continues was not that difficult. Still doing promotion for VAULTZ and EVLTZ. Onboarding EVLTZ was like introducing Expanse chain to existing community and introducing EVLTZ to Expanse community. And using dedicated funds for airdrop. BSC chain version will be different, much more liquidity is planned at launch. It will be done by an auditable smart contract: it will send the same amount of tokens to the buyer, liquidity and the black hole. Once presale is over, only pancakeswap will be able to obtain bsc chain tokens from.