Generation Finance AMA Summary with Decentralized Club ✔️

Dear, Community,

Welcome to the recap of our AMA with Generation Finance.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Generation Finance is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉

✔️Introduction with Generation Finance :👉

BILLY | Decentralized Club:
Q1. Can you please introduce yourself and also tell us a bit about Generation Finance? @MR_X_YGEM

MR X YGEM:
Hi so my name is Mr X for those that are not familiar I am one of the co founders of generation.finance you can look on YouTube we have a ton of videos about our protocol and token Ygem which aims to create place for high stakes yield farming and precious nfts

On the ethereum Network Binance chain Polkadot and Tron networks so exciting times ahead

So hope that helps get everyone all caught up

BILLY | Decentralized Club:
Yes thanks

Q2. What are some of the key features of Generation Finance and how is it something entirely new or an enhancement to an existing solution?

MR X YGEM:
Well for us we realised that a lot of the market are DEFI as we are however we also see the value of nft’s and an ecosystem for our users to earn trade of collect the nft’s on platforms such as Open sea but we are builders we are always listening to our community and seeing what they want and feel can help with the outreach strategy we can also create vaults out of any top 100 coin market cap coins

BILLY | Decentralized Club:
👍👍👍

Q3. How does the tokenomics developed by the Generation Finance team helps investors in gaining profits long term?

MR X YGEM:
Great question. At launch we put $200k of value into the Uniswap pool and we burnt unsold tokens and all of our LP tokens from uniswap so that liquidity is locked forever bringing trust value and transparency to our YGEM token

We did that on a live stream the uniswap liquidity add too so no rugs or worries

BILLY | Decentralized Club:
Great .this builds confidence on people to invest 😊

Q4. Finally, what does Generation Finance plans to achieve by the end of this year?

MR X YGEM:
Another great question we will be airdropping all YGEM stakers with Binance chain YGEM polka-dot YGEM and Tron YGEM and we plan on launching the Binance chain YGEM first but Erc20 stakers will be holding the gems indeed.

So start staking now

So plenty to come

BILLY | Decentralized Club:
Yeah… that’s lit 🔥 👌

MR X YGEM:
Staking is 200%

APY btw

We are just about to release that update today so come on over guys and stay tuned

BILLY | Decentralized Club:
Even Rfuel (Rio defi ) had 50% APY and it was huge .but 200% is insane

Ygem is shattering barriers of staking returns !

MR X YGEM:
We were at 60% but we wanted to get a bump

We have arrived heheh

BILLY | Decentralized Club:
And we love it ❤️

🐧Community ask Questions by Twitter ✔️

BILLY | Decentralized Club:
Twitter Question no 1
Username : @y1sus_afp

The Ethereum network currently presents many problems in terms of scalability and high gas costs. How does YGEM move quickly and generate revenue for its users through its principal DeFi tools? Will they work with tokens other than ERC-20?

MR X YGEM:
By having cross-chain solutions and we feel the chains we have chosen will provide a good growth opportunity and set trends

BILLY | Decentralized Club:
Twitter Question no 2
Username : @Ressknight12

Looking at some of the posts in the media it looks like your pre-sales are going well. What’s your next focus once the pre-sale is over? Are you planning to list YGEM on several major exchanges in the near future?

MR X YGEM:
We are builders so we commit to the community and industry to deliver on everything we have proposed.

BILLY | Decentralized Club:
Twitter Question no 3
Username : @chaojiao2

Recently, Harvest Finance suffered heavy losses after being hacked. What safety precautions did the Generation finance team take to protect the company and users from potential losses?

MR X YGEM:
So we are a fork of yearn finance YFI so we have the same vaults however we audit all contracts so our community is safe as a priority and profitable as another

BILLY | Decentralized Club:
Twitter Question no 4
Username : @lingyin91571029

Generation finance has always been a pioneer in the DEFI field. After years of marketing, how do you manage to establish a working rhythm suitable for a large number of new projects this year?

MR X YGEM:
We are 1 month old next week but with a lot of projects coming to the space all we can do is listen to for the community and build 🔨 keep building

BILLY | Decentralized Club:
Twitter Question no 5
Username : @lona321ama

How many partners currently have trusted GENERATION FINANCE technology and what benefits do these partners bring to GENERATION FINANCE and vice versa?

MR X YGEM:
We currently don’t have any partners but we will be bringing on some strategy partners going forward

✍️ Telegram live Questions answered by Generation Finance ✔

🎉🎉🎉Ja ja ja 👈👈👈👈:
How will you attract investors and build the trust and win the hearts of millions of people in your project?

MR X YGEM:
We need to make sure we engage with the community and we do.

Kingdom:
Which Defi aggregator protocol does your project make use of to be able to combine top Defi performing assets? As a farmer, how will your yield farming pool maximise my yields?

MR X YGEM:
We are a direct fork of YFI yearn finance but we have our own vaults too

Luella Funk:
how do you attract investors to be interested in $ YGEM ? because some investors only focus on short-term prices rather than long term?

MR X YGEM:
With a good APY and other airdrops for those holders it will be hard not to stay engaged

Crypto Star:
What can Generation Finance offer to solve the scaling problem? And how does Generation Finance deal with the threat of centralization?

MR X YGEM:
So we will be doing buyback but in a decentralised way so we will have a fee for early withdraws and that will be used to cover more YGEM and burn so value keeps holding

ZT ti34:
How to attract people into liquidity farming? @MR_X_YGEM

MR X YGEM:
It’s all about making sure the pools we offer are exciting and offer good good APY

Sumon Talukdar Bijoy ✅:
Q1.OMG! It’s really A good name “ Generation Finance””
Where are you collect This Name sir?🤔@MR_X_YGEM

Q2.What is the main Work for your “ Generation Finance “” Project?@MR_X_YGEM

MR X YGEM:
Q.1 the brand came from the Next generation in decentralised finance nice and simple but YGEM Is from YEARN finance snd the GEM that it is ao YGEM was born

GRAZEL BMKPALESTINA:
How do I get $YGEM tokens? Does $Generation.FINANCE have programs for people like me in the community who want to contribute to the project? @MR_X_YGEM

MR X YGEM:
We are on uniswap the post was posted here by admin but be cautious we have scammers clones fakes on their trying to get your Eth so double check with us and the post above

Patul:
Where do I get information about your team? Why do you prefer to be anonymous? Do you have a plan to identify your team later?

MR X YGEM:
Because it’s all about the protocol but I did a youtube video so you can DYOR

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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