Decentralized Club Ama with XTRA FUND

On the 18th of August, 2022 at 12:00 Pm UTC, Decentralized Club had the honor of hosting Franciszek Knez from XTRA FUND for an Ask-Me-Anything session on their Telegram page with a community of over 60,000 people. It was hosted by Kaptin

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what XTRA. FUND is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

KaptinBlack

Hello guys,
The event with @xtra_fund_official_2_0 wil begin in 5mins, please take this time to observe all rules.

Stay tuned 😃

Hello once again,
Now it’s time to begin
Let’s welcome our special guest @FrankSpinachi

Hello there @FrankSpinachi,
Welcome to Decentralised club

Franciszek Knez

Hello there😇

Pleasure to be here

KaptinBlack

Excited to have you here,
How are you today ?

Franciszek Knez

I am good, we launched Giveaway yesterday and our twitter is pumping both for XTRA and https://twitter.com/blockrating_io which we will launch as XTRA.FUND

So I am happy for it 😇

KaptinBlack

Everyone take note!

Awesome

We have 3 segments to go,
Shall we begin ?

Franciszek Knez

Well, let’s go

KaptinBlack

Awesome!

Please type DONE after every answer to avoid being interrupted!

Got it ?

Franciszek Knez

Yes, sure

KaptinBlack

Okay then

Segment 1️⃣:
Basic Introduction with Project team

KaptinBlack

Q1. Can you start us off with brief description about Xtra Fund and its primary mission?

Franciszek Knez

Of course, that’s why I am here 😎

KaptinBlack

Let’s go!! 🚀🚀

Franciszek

XTRA.FUND is a new type of DeFi platform that focuses on protecting investors’ capital and generating yield based on traditional finance business. We also want to change the typical DeFi platform and tokens mindset where you increase the number of tokens and not exactly the value of investment.

Done

And for community, please give 👍 if you never heard about xtra before, if this option is available in this chat mode

KaptinBlack

Interesting..

Next question

Q2. Can you elaborate about the various rewarding mechanisms of Xtra Fund that will benefit its users even during price drop?

Franciszek Knez

During price drops from 50–90% of the investment is protected (% depends on staking period) So for example if the price of token drops by 40% in time of staking you will be able to withdraw more XTRA tokens that will compensate the price drop and you will withdraw 100% value of your initial stake. That’s huge benefit in our opinion 😁

Done

KaptinBlack

This is really interesting.

Q3. Can you tell us about the current running promotions for new users ?

Franciszek Knez

Yes, we are offering 12% more tokens for new stakers if they stake $250 USD worth of XTRA.FUND Tokens for 365+,stakers will also get higher minimal % of investment protection (60% instead of 50%). IMO it’s one of the best offers we got so far. If someone is interested here you could join https://www.xtra.fund/?utm_source=telegram&utm_medium=AMA&utm_campaign=Decentralized+Club&utm_id=1808

DONE

KaptinBlack

Huge!!
I’m gonna pin that so everyone can get to it quickly

Don’t miss this opportunity guys 🔥🔥🔥

Q4. What is the utility of the $XTRA token and how does one acquire it?

Franciszek Knez

Main utility is yield generation and protection of capital while staking, its all provided by XTRA PROTECTION algorithm. To get this utility you just have to stake the tokens on our platform so it’s super easy 👌

DONE

KaptinBlack

Dropping the last question for this segment now…

Q5.Can you tell us what are you guys next major priorities in 2022?

Franciszek Knez

okey

Continuing to refine our digital presence (upgrade website, light version, brand) as well as launch the further items on our roadmap including XTRA LAUNCHPAD make product even easier to use and known in broader audience, as we lack it at the begining of the project. So if you found our project valueable share it please 😇

DONE

KaptinBlack

Great,
That ends the first segment

Now to the next

Segment 2️⃣:
5 best Questions from Twitter Gets Answered By Guest

KaptinBlack

Twitter Q1) From @Haroldj980

From what I noticed on your website. I see that Nft collection release will soon be Available. Can you tell us what benefits NFT owners have on XtraFund and what will your market place be like?

Franciszek Knez

For now we are still looking into this topic and its correlation as NFT season stops a bit and we are focusing on our main product right now

DONE

KaptinBlack

Noted,
Next question…

Twitter Q2) From @_halimhat

Everyone comes out and say, “we are the first” what exactly makes the https://t.co/Rs75JeX8xf “pattern” simply different from the old market ways

Franciszek Knez

In crypto we are the first working DeFi protocol that use protection algorithm and protect investors from price drops, there are some protocols that trying to do the same but they are not live yet

Done

KaptinBlack

Twitter Q3) From @Spand_switzz

When you say “World’s First DeFi Platform WithPrice Drop Protection*” do you mean #xtra_fund is gonna have a coin which is gonna be a stable coin or is #xtra_fund gonna be like an investment platform please throw more light thanks

Franciszek Knez

Actually it’s already working and we also have a coin already, it’s not a stable coin and price drop protection is provided by our algorithm and XTRA PROTECTION wallet that compensate for the price drops. Its a stable yield generating and investment protection DeFi platform

DONE

KaptinBlack

Really impressive 👍

Next question

Twitter Q4) From @Ezealmodels

First thing I noticed on your website was something about “Price Drop Protection*”. Since the asterick stated that “Terms & Conditions Apply,” I’m curious to learn more. But, I was unable to locate these terms and conditions on the website; could you please explain them to us?

Franciszek Knez

Yeah conditions are as follows and depends on staking period and staking amount. % of protected capital is not always the same and it variates from 50–90% depends for long you stake the tokens: below 1 year its 50%, 1year -3 years (60%), 3–5 years (70%), 5 -10years (80%) and 10+ years (90%). Another condition is that you will have liquidation if you decide to withdraw tokens before the end of staking period (staked time/chosen stake period). There is also a term that works while the price of the token is rising, smart contract is share profit with staker and XTRA PROTECTION wallet — that’s the price for protection while token price drops. It has to be balanced :D

I know its quite complicated for the first time but calculations for each aspect of this project was made for a while

DONE

KaptinBlack

A minute to ready up please

Franciszek Knez

yeah it’s needed

KaptinBlack

This is great,
You guys really went all out

Lat question now

Twitter Q5) From @Vicky64812448

One term that piqued my interest is the “XTRA Loan Fund” (XLF)
Can you tell me more about this XLF? Does it differ from the traditional way of obtaining loans?
How does XTRA Lending Fund (XLF) work and who can utilize it, then?
Are there any criteria to be met to use the XLF?

Franciszek Knez

This is also more complex, so prepare for longer reading again

XTRA LENDING FUND (XLF) — is our bridge between traditional finance (TradFi) and decentralized finance (DeFi) whereby we have allocated a specific amount of tokens to be used in the short term business loan industry where we get high interest paid back, with part of that shared with our XTRA.FUND stakers as a high APY … basically during times of XTRA.FUND Token price gains we are able to also pay out a high APY thanks to this XLF and our partnership with traditional finance institutions. The XLF is meant more for investors / businesses

done

KaptinBlack

Wow,
Love this

Kudos to the team 💪💪

Franciszek Knez

thanks

a lot😇

KaptinBlack

That ends the twitter segment as well

Now to the last segment

Segment 3⃣ :
Questions from live Audience

Q.1 Are there any restrictions or conditions for a user to take advantage of the XTRA PROTECTION price drop? Do you intend to list the XTRA token on CEX exchanges?

Franciszek Knez

We are talking with some CEX about listing, about conditions and restrictions you can find all in here https://www.xtra.fund/terms-conditions/

Q.2 I saw that you guys are going to do a 250 BUSD Giveaway. Can you elaborate on this?

Franciszek Knez

Yeah we run this giveaway becasue we are now mobile friendly so it means people could stake our tokens via mobile. To participate you have to do steps from this tweet https://twitter.com/xtra_fund/status/1557762767725158403?s=20&t=hnk77lWuJhVXT4P-bPLr0Q

Q.3 IS This Your project only for elite investoirs, how abiout otheirs with small funds, is it open to everyone?

Franciszek Knez

It’s for all investors not only for those with big capital, i don’t know where you take it from🙈

I would like to thank you for hosting this AMA and whole audience gathered that I could present the project before you 😇

KaptinBlack

Thank you too!
We wish you the very best!!
Best wishes to the team!!!

Bye! 👋

HELPFUL LINKS :

✅ Xtra Fund Telegram ⤵️
https://t.me/xtra_fund_official_2_0

✅ Xtra Fund Twitter ⤵️
https://twitter.com/xtra_fund