Blaze DeFi AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with Blaze DeFi.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Blaze DeFi is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉
✔️Introduction with Blaze DeFi :👉
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Q1. Can you please introduce yourself and also tell us a bit about Blaze DeFi ?
Code Yellow ll Blaze Network:
I’m Anna from Blaze Network. I’m into Crypto since 2017.
I’m learning crypto, blockchains and many other things. And now I’m into DeFi space!
Team Blaze Network got me into this project. We come up with a good project concept since their main network goes DeFi!
And now, I’m here to share and spread the word for better understanding about Blaze DeFi and it’s ecosystem.
- Team Blaze Network
Team and Dev got many years in crypto space, they have 8 years in experience in developing.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Cool 😎
Code Yellow ll Blaze Network:
Yes
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Can go for next question?
Code Yellow ll Blaze Network:
Okay sure, let’s go.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Q2. What is so exciting about Blaze DeFi that we should know about ?
Code Yellow ll Blaze Network:
Blaze DeFi is a decentralized finance protocol of Blaze Network.
It is backed by our main project where it delivers such good and actual product, the Blaze App Wallet and now available on Google Play Store.
Soon on IOS.
Blaze DeFi supports the foundation and ecosystem of Blaze Network through staking v1 which is yield farming.
Offers
1. Multi-staking (staking v1 and V2) — v1 is live
2. Decentralized gaming app
3. Exchange widgets (in your phone)
4. Borrow/Lending
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Q3. Which are the most important achievements in 2020 for Blaze DeFi ??
Code Yellow ll Blaze Network:
We have a great launch.
We’ve been flooded by many FUD, discouraged by Class S developers. And many negatives but we manage to:
1. List it on Uniswap and Balancer
2. Proof of locks 🔐 we prove that we are not ruggers
3. Staking v1 is live!
We have been listed on Coinmarket CAP (CMC) and Coingecko in just a matter of 2 days.
Fully verified on etherscan and Dextools. We’ve met all the requirements needed.
Now team is developing behind the scene now. New version update of Blaze wallet app will be release before Christmas 🎄.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing👌
It shows a lot of transparency
Last question…
Code Yellow ll Blaze Network:
Well yes, we will do it for the goodness of all.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Q4. Finally, any sneak peek into 2021 plans for Blaze DeFi ??
Code Yellow ll Blaze Network:
Well yes, so many.
Whitepaper is available on website, please download it.
New version of update will be patched before Christmas 🎄.
New and improved staking tiers on Q1 2021. Fixed APY staking will happen.
Beta test for gaming app before Q1 ends. Listing on Centralized Exchange also.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Thank you Code Yellow, super insightful and very easy to understand.
🐧Community ask Questions by Twitter ✔️
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 1.
Username : @Emidm28
I read that Blaze Network has its own wallet. How safe is your wallet? How do you guarantee the protection of user assets? Does your wallet enable trading with Uniswap?
Code Yellow ll Blaze Network:
Yes we have Blaze Wall app. It is very safe and secure.
It is run and tests before we released it. It is an erc20 compatible wallet where you can store and send assets.
Yes! It has its own Dapps, it can connect to Uniswap and Balancer for easy trading.
Code Yellow ll Blaze Network:
Well yes…
It’s on whitepaper which is available on website.
https://www.blazenetwork.online/blazegoingdefi
As per roadmap!
1. New version update for Blaze Wallet App will be patched before Christmas 🎄.
2. New staking tiers on Q1 2021 (Fixed APY staking)
3. Decentralized Gaming App — beta test
Code Yellow ll Blaze Network:
Yes, we have Blaze Wallet App.
https://play.google.com/store/apps/details?id=com.blazenetworkwallet.app
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 2.
Username : @ApaguJohan
Blaze DeFi has two tokens called BLZN and BNFI. Why you choose deflationary mechanism for both of them? BLZN has a %2 and BNFI has a %5 burn rate. Will this burning rate last for forever? On what points burn will stop?
Code Yellow ll Blaze Network:
Blaze Network (BLZN) and Blaze DeFi (BNFI) have both deflationary assets.
1. BLZN got 2% burn rate
2. BNFI got 5% burn rate
We’ve launched BNFI just days ago! CMC and Coingecko listed.
The burning stops when 10,000 BNFI left.
We choose Deflationary is to make supply much thinner leaving more ETH in the pool.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 3.
Username : @Pamoeto
Blaze DeFi has already burn 17% of total supply. This is really a big amount. why you burn 17% of total supply? In future will you have more token burn? How often the burning occurs?
Code Yellow ll Blaze Network:
Actually the total BNFI burned already 25%. It burns on every transactions and has burn rate of 5% until supply runs down to 10,000 BNFI.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 4.
Username : @Winterkom
- What are the benefits of the $BLZN holders in the Blaze DeFi project? Do they have any additional rewards? What is the relationship between BLZN and BNFI?
Code Yellow ll Blaze Network:
Blaze DeFi is a decentralized Finance Protocol of Blaze Network.
BLZN and BNFI holders will have a chance to join liquidity staking where multiple rewards are waiting for you.
It will be used widely in its ecosystem.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 5.
Username : @TonL45597375
You claimed that “With Blaze DeFi, the Blaze Network and it’s ecosystem will grow and will continue to level up in Decentralized Finance.” So what does Blaze Defi stand out from other current Defi projects?
Code Yellow ll Blaze Network:
Well, Blaze DeFi have its own features too.
Multi staking
gaming app
Exchange widgets
Borrow/Lending P2P
Blaze DeFi supports it’s main network the BLZN by yield farming.
Where staking can level up the pool since you will add liquidity both eth and tokens.
Staking v1 is live. Buy BNFI and stake today.
✍️ Telegram live Questions answered by Blaze DeFi ✔
Moises:
— What pairs does Blaze have on Uniswap? Can they implement more?
Code Yellow ll Blaze Network:
Currently, BNFI is listed on Uniswap and Balancer exchange.
You can exchange BNFI to ETH
You can exchange BNFI to BLZN
In Balancer
You can exchange your wETH or UNI-V2 to one of the pool in our staking pools. Or in simple terms, you can buy holdings per shares.
In Q1 2021, it will be listed on a centralized exchange.
Still Searching:
How does staking v1 works? Can you enlighten us about it?
@CrypticGirl
Code Yellow ll Blaze Network:
Staking v1 is a yield farming feature of Blaze DeFi. BLZN and BNFI will have a chance to join staking liquidity.
Staking is officially live!
Steps on Staking.
1. Buy BNFI on Uniswap
2. Add liquidity on Uniswap
3. Click the link below, connect wallet and add liquidity
4. That’s it, the more trades happen, the more earnings.
It’s a yield farming, part of Multi staking feature! Fixed APY staking will start when we are listed on Coingecko.
Rewards are:
1. wETH
2. BLZN/ETH — both shares
3. BLZN/BNFI — both shares
4. BNFI/ETH — both shares
Ask assistance on admin if you need any help. Happy staking. Estimated APY 200% to 800%.
Диего | Diego | ディエゴ | Satoshi Club | BCCore:
Do you think that having a total supply of “low” tokens, contributes to the exclusivity of your project and at the same time, to the strengthening and success of your project? Why did you decide precisely 100,000 and not more?
Code Yellow ll Blaze Network:
Well yes, since we are on DeFi section, having a big burn rate of 5% will makes the supply lower down fast!
Initial total supply was 100,000 BNFI and now it’s just 80,600 BNFI left.
It will makes circulation much thinner leaving more ETH in the pool that’s why yield farming is very great.
Also, staking is very profitable.
Dalmasca Blockchain:
What is the usage of Blaze Network wallet?
Any spécial feature of the blaze wallets that I cannot find in other projects?
Code Yellow ll Blaze Network:
Blaze Wallet App is an erc20 compatible wallet where you can send and store assets.
It has its own DAPPS, means you can connect it to Uniswap and Balancer for easy trading.
Soon, more feature will add on.
Marketplace and P2P borrow lending.
Download it now, available in Google Play Store, soon on IOS.
J:
As a deFi project, what % of power does the community have ?
@CrypticGirl
Code Yellow ll Blaze Network:
For now we have 20% support from our community.
We did many AMA so we can have their full support for shaping Blaze Network in DeFi space.
Soon, we will reach 10$ target before Christmas 🎄 that’s why some of them fomo’ed in. Come and join our community, let’s make it 100% fully community driven.