AMA with YDragon

Introduction with YDragon

Riswan Rasheed:
Q1. Can you tell us with what goals did you came up with the idea of Ydragon?

Raiden - YDragon CEO:
The increasing growth of the DeFi market is creating a plethora of opportunities for investors, leading to brand new innovations. Some of these innovations may focus on improving the DeFi evolution on Ethereum, whilst others may focus on building DeFi infrastructure on other chains.

This creates a problem of choice for traders due to over-saturation of projects. Gaining exposure to the opportunities presented across the market is therefore time consuming, technically difficult and involves risk.

Investors want to access the best opportunities they can, with ease, and YDragon was created to allow them access to momentum enhanced opportunities, by allowing them to have a diversified portfolio spread across multiple blockchains.

Riswan Rasheed:
Great 👏

Q2. How does Ydragon solve the current problems in DEFI and help the investors ?

Raiden - YDragon CEO:
With YDragon we offer accessibility across multiple blockchains, thus allowing a diversified portfolio to be created that would otherwise be time consuming, difficult and costly to build manually. We have also devised an idea of partially using the collateral to generate yield, which can then be used to strengthen the YDragon ecosystem. Through this, YDragon will be able to reap all of the existing Yield market's benefits in addition to portfolio diversification.

Riswan Rasheed:
Q3. Can you talk a bit on the key features of Ydragon- Cross chain, Yield generation, Risk diversification etc?

Raiden - YDragon CEO:
YDragon will have cross-chain compatibility and yield generation strategies by allowing users to gain exposure to different DeFi niches across a multi-chain environment effortlessly with a smart revenue generating protocol managing the underlying assets. This in turn will allow for the best passive fund management and risk diversification combo never seen before in the crypto space.

Riswan Rasheed:
Q4. Can you shed some light on the YDR token and how do we acquire it?

Raiden - YDragon CEO:
YDR is the utility & governance token of the YDragon ecosystem. YDR captures the growth of every index within the ecosystem by being the recipient of numerous revenue streams, and allows the community to participate in governance, thereby providing incentive to hold. The YDR IDO will be announced sometime in mid-August after which time it will be available to be traded across diferent exchanges.

Riswan Rasheed:
Q5. What is Ydragon planning to achieve further this year?

Last one in this segment

Raiden - YDragon CEO:
YDragon has multiple goals set in place to advance the project further across all areas. We are planning to achieve a big TVL from the get-go by working on marketing, partnerships and project development in parallel. Our team is experienced enough to deal with all of these aspects which will allow YDragon to achieve the milestones we have put in place.

Community ask questions from Twitter

Riswan Rasheed:
Q1) A strong community not only brings interesting ideas to the project but also attracts larger partners. So how YDRAGON planning to build its community or its Holders?

@Dingin5679

Raiden - YDragon CEO:
Good question, staked YDR holders will be allowed to vote on new ideas to improve the YDragon ecosystem. They will be partially involved in voting in new projects into indexes or deciding on compositions for new indexes which includes choice of assets, weight of the assets in the index and possibly choosing which farming protocols to use for the passive revenue generation.

Riswan Rasheed:
Q2) What can you say about the recent cryptocurrency? Do you think it can continue or is it over and the project will come and the new bull season will start again?
@Mtahidha3490

Raiden - YDragon CEO:
The act of ‘investing’ usually suggests holding a position in an asset for long periods of time, years or sometimes decades. Because of crypto’s relatively young lifespan of a few years, and because the average lifespan of a given crypto project is roughly around a year, it’s difficult to come up with a reliable decades-long strategy based on the available data.

If I had to guess, the most profitable strategy probably involves shifting funds around diligently from asset to asset, keeping a close eye on every project’s development. But again, one has to spend a lot of time and effort to maintain a healthy ROI - something that YDragon aims to solve by leveraging smart contracts and a panel of experts to do it for you. The project is designed to survive regardless of the market conditions.

Riswan Rasheed:
Q3) Do you have experienced members or consultants in your team who will ensure the effective use of tools such as marketing, media, promotion and social networks to fully achieve your goals?
@sharafath6023

Raiden - YDragon CEO:
Our team is well versed in the crypto space and has a plethora of skills ranging from project development to succesful marketing strategies. We also have good advisors (TBA) on board which have worked on multi-million dollar projects across the crypto and traditional finance sphere which will help us along the way and allow us to make more informed decisions for the greater good of the project and the community behind it.

Community ask questions from Website

Riswan Rasheed:
Q1)There are thousands of projects in the market nowadays then how you will convince investors to choose and stay with you for long?

@rigas90

Raiden - YDragon CEO:
The index space in crypto is still very immature so by marketing it to the right audience and lowering the barriers of entry in DeFi would make DeFi more accessible and simple for all investor classes. The potential for capturing a large part of the market is high and so you can expect us to be very active in development and taking the project to new heights every day.

Riswan Rasheed:
Q2) Can you share about your token utility? What are the use of your token in your ecosystem? Do u have farm or stake feature

@Harshadh70

Raiden - YDragon CEO:
As I mentioned before, YDR is the utility & governance token of the YDragon ecosystem. YDR captures the growth of every index within the ecosystem, receives numerous revenue sources, allows the community to participate in governance and therefore provides incentive to hold. YDR will accumulate numerous revenue streams from fees on many indexes as well as from the yield bearing collateral and increased exposure to YDR in the indexes of the YDragon ecosystem. Users will be able to provide liquidity for indexes and farm YDR or stake index coins and earn YDR.

Riswan Rasheed:
Q3) How far has the roadmap been carried out until the end of this year and What positive results have been achieved?
@johnp87

Raiden - YDragon CEO:
YDragon is set to launch around mid-August and we have just released our whitepaper which highlights our roadmap in details, so I encourage you to have a look at it on our website (https://ydragon.io), but basically in a nutshell we have been making good progress in terms of development and being fully ready to launch the project on a strong note. We have been keeping up with the roadmap and we expect to deliver on our roadmap's promises much sooner than expected.

Live Questions answered by YDragon

1)Goal Tuat:
Marketing is an important element for every project. Do you have any plans to attract users and investors to your project?

Raiden - YDragon CEO:
We have been discussing some interesting marketing ideas internally and we can't wait to share these with our community. I am confident that we will be able to attract a lot of users/investors to our platform in time for the long awaited launch.

2)Titus moon:
As most projects struggle in fundraising, can you tell us a little more than soft cap reached? How far are you right now and are many discussions ongoing?

Raiden - YDragon CEO:
We are currently discussing our IDO plans with multiple launchpads and will have more info for the community soon, but we do expect to reach our hardcap as we’re going to be pushing hard on the marketing side

3)💖 Delilar 💖:
What makes you feel confident about the survival and sustainble success of Your project in the near future??? While you build your project, do you take into account community feedbacks and demands????

Raiden - YDragon CEO:
YDragon has a governance aspect built into it as I mentioned earlier. This will allow for the community to engage with us for some of the protocols decisions such as index asset choices, index asset weight as well as choice of farming protocol to be used for yield farming

4)Rita5000🔥🔥🔥🔥🔥🔥:
🌈🌈🌈🌈🌈Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?🌈🌈🌈🌈🌈🌈

Raiden - YDragon CEO:
Our project is designed with multiple things in mind, the most important aspects focus on portfolio diversification and passive revenue generation. These will help our project to be successful from the short term to long term.