Dasis Cash AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with Dasis Cash.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Dasis Cash is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉
✔️Introduction with Dasis Cash :👉
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
First question of Introduction!
Q1. Can you please introduce yourself and also give us a brief intro about Dasis Cash ?
Betty:
Great! First of all, I would like to be called Betty, because that’s how my friends calling me.
I’m the CEO of Dasis Cash project.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Cool 😎😎
Betty:
What makes me proud most is not the project but our team. There will not be Dasis Cash without them.
One of our team member has experience with YFI and I’m sure most of you are no stranger to that, therefore you can see we are the professional team you guys are looking for.
I’m a huge fan of Basis Cash myself. I never stop talking about Basis Cash since last October.
And again, I would like to pay my respect to Basis Cash team, thank you!
Dasis Cash project has 3 tokens, Dasis Cash, Dasis Share, and Dasis Bond.
Dasis cash is stablecoin, aim price $1
Dasis Cash and Dasis Share is farmable token, which will be opened tomorrow, at 2:00 AM, UTC time.
To make Dasis Cash price stable around $1, we design 2 tokens mechanism.
Dasis Share holder can receive inflationary reward when Dasis Cash price is above $1. The contract encourage Dasis holders sell the inflationary token for profit.
Once the Dasis Cash price drops under $1, you can swap Dasis Cash for more Dasis Bond.
The Dasis Bond holder can swap Dasis Bond for Dasis Cash at 1:1 ratio when the price pumps above $1.
Done
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Very Impressive👍👍
Next question🙋
Q2.Can you tell about the seed and share bank in Dasis Cash ?
Betty:
There is 2 different banks in Dasis Cash, one of them named seed bank, another one is share bank.
Both of them are used for liquidity mining. The seed bank will open tomorrow, at 2:00 AM utc time.
In the seed bank, you can only stake stablecoin to mint Dasis Cash. Check the options from Dasis Cash website
Dasis Share can only be minted in Share Bank.
f you wanna hold Dasis Share and stake it to receive inflationary reward, you have to mint it through Share Bank, check the mining pools you can stake below.
Pick the bank you like, and select the pool you like. There is many options in Dasis Cash.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing👍👍
Next question🙋
Q3.Can you elaborate How Dasis Cash can make staking a lot simpler?
Betty:
One of Dasis Cash’s advantage is that Dasis make staking a lot simpler than other project
We understand that some people might not know how to make trading pair on Uniswap, thus we add in the mining pools just for token.
The pools option is in the pic above and on Dasis Cash website.
In Dasis Cash, You don’t need to stake pair anymore, just select the token pool you wish to stake, and let the contract does all the work.
We learn that from MITH cash. Well done MITH!👍🏻
There is something you guys should know before entry the Share Bank.
Once you stake your token in the mining pool, the contract will swap your token for DAIC-USDT pair.
If you unstake your token, the contract will swap the pair back to your original token.
The amount of your token may be changed due to token price change., the amount might be more, might be less, and there is possibility that amount won’t change.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing 😎 It shows a lot of transparency
Last question
Q4. Finally, how does 2021 plans look like for Dasis Cash ?
Betty:
2021 will be our year. We spend 2 months working on Dasis Cash, and we have learned so much from our predecessors.
We believe that Dasis Cash will be the best fork of BAC, and one day we may surpass it.
As you can see, Dasis Cash has gained lots of attention recently, since we are promoting Dasis Cash on twitter, INS and telegram.
We have 3 partners promoting Dasis Cash right now, and 2 more new partners will join us next week.
Our first milestone will be 10 million dollar TVL, and after that we will be able to list on some medium level CEX.
We are confident to say Dasis TVL will reach 10 million by the end of the month. So in another word, CEX is closer than anyone has imagined.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Thank you @Miss_LittleCherry ,super insightful and very easy to understand.
Next comes our Twitter round
Betty:
It is my pleasure
🐧Community ask Questions by Twitter ✔️
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 1.
Username : @Jaadu_RaO_54321
What are the differences between $DAIC $DAIS and $DAIB And which one is the more suitable for new users of crypto?
Betty:
First question
DAIC is a stablecoin with aim price $1, DAIS and DAIB is tokens as well, but they are more a mechanism than a token.
DAIS is the mechanism used while DAIC price above $1, DAIS holder can receive inflationary reward.
DAIB is the token only can be trade while DAIC price below $1.
You can swap your DAIC for more DAIB with certain discount. The discount will be 1/DAIC price.
After DAIC price above $1, you can swap DAIB for DAIC with ratio 1:1.
If you don’t have any experience before, I personal prefer DAIC.
Cause it’s very easy to understand the stablecoin.
Make sure you understand how the DAIC work, they start mining DAIS and DAIB, both of them could take some time to fully understand.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 2.
Username : @PrinceS13520783
What is the new stablecoin algorithm model that Dasis Cash has designed? What are the reasons why you decided to work with Stablecoins and not with other deflationary or inflationary tokens?
Betty:
Question 2
The algorithm we used is 2 tokens, both of them can be profit under any circumstance.
The market will balance the Dasis Cash price. That is what we find most interesting part of algorithm.
We find that bring Federal Reserve system into DeFi industry is very fascinating.
And like I mention before, I like Basis Cash, I believe this algorithm will really change the DeFi.
I wish to leave some marks in the DeFi area. Dasis will be the next AMPL or USDT.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 3.
Username : @ManakAhuja1
Can you tell us the motivation and benefits for investors to hold #dasis token in a long term investment and What plans do you have to help drive demand and scarcity for the token?
Betty:
Question 3
If you are the Dasis Bond and Dasis share holder, then you can benefits no matter how the Dasis Cash price goes.
Cash price above $1, Share holder receive inflationary reward, Dasis Cash price under $1, Bond holder swap for more Dasis Cash.
We find that mechanism can be the key to make the token stable and make project long-term.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 4.
Username : @Sam20041621
Currently, the blockchain market is very strong and fast. What strategies and visions does DasisCash have to make its project go the long way? What are DasisCash’s ambitions in this market?
Betty:
Question 4
First of all, Dasis Cash is an stablecoin project, so the key is to keep the project long-term is to keep Dasis Cash stable
We are promoting the project through different platform as you can see
As long as there is more people join, the community became bigger. The market will balance the token price through Dasis Share and Dasis bond.
We have big ambitions, like I just mentioned, 10 millions TVL this month and CEX next month!
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter question no 5.
Username : @Aryansoni0707
The name DasisCash has sounded very popular in recent months, but, what does the name DasisCash actually mean to DasisCash ? Where did this name come from? And What are the main advantages of DasisCash over many other cryptocurrencies?
Betty:
Question 5
Yes, you may heard Dasis cash from different platform due to our promoting plan.
Dasis cash is the fork of Basis Cash, we believe Dasis will became the best fork.
That’s where the Dasis name came from.
And the biggest advantage is that we used whole new way to keep the token price stable.
This kind way is never been used before, so we believe this advantage will bring Dasis Cash to CEX.
✍️ Telegram live Questions answered by Dasis Cash ✔
Forte:
Is DASIS CASH a global project ?
Is any local communities restricted from DASIS CASH ?
Betty:
Everyone is welcomed in Dasis Cash, feel free to join. And there isn’t any restricted.
Bailee Wintheiser:
What might demand for DasisCash look like in the future under the model you’ve just described?
Betty:
Dasis Cash bring Banking system into DeFi, so we hope Dasis Cash will be next AMPL or DAI. For now, we planning to expand our community, bigger community can help Dasis stable the price
Ariana 💫:
The main slogan of Dasis Cash is “The project that born to chanfe DeFi”. I think i’ve seen that phrase a lot among other projects. Why is this one really going to change DeFi?
Betty:
As you can see, there is many stablecoin in DeFi, such as USDT, USDC, AMPL, DAI, the list goes on and on. They used different mechanism to make the price stable around $1. The mechanism Dasis Cash used is different, is new, is awesome. No one have ever used token to balance the token price before. That’s why Dasis are born to change the DeFi.
Araminah:
It seems that a lot of projects from 2020 are gone and failed to deliver on their promises. How will DasisCash avoid the same fate? How can we be confident that you won’t disappear a year from now?
Betty:
Yes we have confident in our project, thanks to our many promoting partner, Dasis Cash community is growing each day. So CEX will not be our final target, but where we start.
Pablo:
When will you release your pools in the seed bank ?
How can a user participate in the mining pools ?
Betty:
Good questions! The mining pools will be open tomorrow! 2:00 am utc time! Remember to check the time with your timezone! Never miss the Dasis Cash big openning!