Inverse X Decentralized Club Ama Recap From the 21st of April
Hello, Decentralized clubbers Another AMA took place in Decentralized Club and we would like to introduce to you the AMA session with our guest Arkayn from Inverse. The AMA took place on the 21st of April.
Sheraz|Dldecentralized club
Welcome @Arkayn
Arkayn
Hello everyone!
Nice to be here!
Sheraz|Decentralized club
Hi
Hope you enjoy the ride today
Arkayn
Looking forward to it!
Sheraz|decentralized club
We would be having 3 segments
Introduction Twitter and live sessions respectively
Arkayn
Ok
Sheraz|decentralized club
Let’s go to the introduction segment
Introduction questions asked by Dc CM, Sheraz|decentralized club
Sheraz|decentralized club
Q1. Can you start us off with brief description about Project Inverse and its mission?
Arkayn
Thanks for the question! Project Inverse is building a DeFi Ecosystem of interoperable platforms that allow users to earn gains and rewards by speculating on the movement of popular coins / assets on the market.
Currently, the INVERSE / IN-LINE platform is launched and operable, and in the next few weeks, we will be launching VAULT PASS, a prediction market staking platform.
Don
Sheraz|decentralized club
What does your vault pass posses and do for users
Arkayn
VAULT PASS is a unique prediction Market staking platform that allows users to stake our token and earn two kinds of rewards, a baseline yield and a bonus yield.
Sheraz|decentralized club
Wow that’s some awesome stuff there
Arkayn
Baseline yield is earned regardless of where assets are staked, and bonus yield is earned based on what vault user chooses to stake in and what coin is being tracked.
Sheraz|decentralized club
Wow
Q2. What is VAULT PASS and also elaborate on how a user can earn on your Platform?
Arkayn
Again, Vault Pass is a unique prediction market staking platform. Users can stake the PASS token and earn two types of passive yield: a baseline yield and bonus yield.
Baseline yield is continuous and earned by all stakers. Bonus yield is based on the different vaults where each user chooses to stake their PASS tokens. Each vault tracks a different coin like ETH or BNB, and based on the movement of these coins, user earns bonus yield.
Done
Sheraz|decentralized club
Q3. What’s the utility of $XIV and how does one aquire it ?
Arkayn
XIV is a utility and reward token that can be staked on the INVERSE / IN-LINE platform. On this platform, users earn significant rewards based on the movement of popular coins being tracked.
On VAULT PASS protocol, XIV can be bonded and exchanged for discounted PASS tokens which can then be staked on the platform.
Don
Sheraz|decentralized club
Q4.Can you tell us what are your guys next major priorities in 2022?
Arkayn
Great! Our major priorities in 2022. Is the Launch of Vault Pass platform in the coming weeks, our upcoming project rebrand also in the coming weeks and to continue to grow our community and to get the word out about this growing ecosystem!
Done
Sheraz|decentralized club
Alright
Let’s move on the Twitter session
Arkayn
👍
Questions asked on Twitter for Inverse team!
Sheraz|decentralized club
1. Tell us how inverse platform and in line platform are going to enhance your project to be the best in the crypto market?
@tobiokunola1
Arkayn
The Inverse / in-line platform allows users to speculate on the movement (both up and down) of a long list of popular coins on the market. Users do not need to hold those coins to profit from their volatility. The dynamics of this platform is unique in crypto.
Done
Sheraz|decentralized club
2. Every platform needs a token to drive it and users need the token to use on the platform. What mechanisms/incentives are in place for users who hold the XIV to have every reason to continue using the tokens on the platform so as to continue to grow the platform?I’m a holder of the project #Xiv tokens
@ardakalandra
Arkayn
Good question. Ultimately, XIV is a fixed supply, deflationary asset that is continuously burned in large numbers every month. Users who speculate on the platform are rewarded in XIV but also forfeit assets in XIV when they lose. Thus, as the number of XIV continues to decrease, and the platform and ecosystem continues to grow in popularity, the value of XIV will grow.
Sheraz|decentralized club
Wow
Arkayn
XIV as a fixed asset, can also be bonded and exchanged for discounted PASS tokens on the Vault Pass platform.
Done
Sheraz|decentralized club
3.Can you share with us what are the incentives you have to token holders apart from your prediction market?
How do you plan to make it a loss free environment?
@joshuakureh
Arkayn
On the upcoming Vault PASS platform, there are no losses. That is why we created a new token where we can reward users passively. Users stake PASS tokens on the platform and earn two types of Passive yield: a baseline yield and bonus yield. There are no losses, penalties or forfeitures involved.
Done
Sheraz|decentralized club
4. A huge fan of XIV and I love that you always have AMAs in your community, but alot of features seems to be either coming soon or pending, REPLICA for instance, I could get very little info about it. Tell us more about this. And we hope you make all your features live! Can’t wait!
@ezealmodels
Arkayn
Replica is a perpetual prediction market staking platform where users can convert their tokens, either PASS or XIV into a synthetic version of popular assets on the market like ETH or BNB, SOL. Based on the movement of these coins, users can determine what level of risk / reward they wish to select.
Sheraz|decentralized club
Noted
Arkayn
Done
Sheraz|decentralized club
5. According to your YouTube channel video, it’s obvious that,the consistency of users determine the kind of access they will get i.e the Whitelisting,and I happen to be an holder of the token,so, What incentives are available for holders?
Arkayn
Once VAULT PASS is launched in the coming weeks, holders of XIV will be to “bond” or exchange XIV for significantly discounted PASS tokens which can then be staked on the platform.
Done
Sheraz|decentralized club
Wow great information here
Questions Asked by our Decentralized club members during live session to Inverse team!
Q.1 [Jose Gamboa]
Smart contract auditing is very important for security, has Inverse project audited your smart contract? how many? since this is very important for the safety of the project and also of users
Arkayn
Yes, Our initial contract has been audited by Certik and their report is on our GitHub. The Vault Pass platform will also be audited!
Q.2 [ Joy Hamed]
Hello sir💖💖💖
Where can I buy your $XIV tokens now. What are your current contracts, and how can I buy them and what are the benefits?
Thanks sir
💥💥💥🔥
Arkayn
You can buy XIV on Pancakeswap, Uniswap, Bibox, Hotbit. Please join out TG channel from the links posted above.
Q.3 [ TERIBLE DAVID]
Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Arkayn
Yes, in the future we will certainly apply NFT technology to continue allow people to earn rewards passively.
Q.4 [ Josh GK]
Due to its exclusivity, DeFi has a number of concerns, including slippage, rugpulls, fees, Smart Contract security,weak network, and endangering users’ real-world safety.What is the #INVERSE method to fixing these issues, especially for the next generation of techs?
Arkayn
Security is very important to us. That is why we limit the amount and type of assets we hold on our contracts and we are continuously performing security tests and updates to ensure platform security.
Q.5 [ LATHEM FRED ]
Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?
Arkayn
We certainly take community feedback into consideration. We love input from our community! Our community has been instrumental in shaping the direction of this project.
HELPFUL LINKS:
WHITE-PAPER : https://docsend.com/view/avgpqxphp3xb7g6f
MARKETING DECK : https://docsend.com/view/tbgrbycmgrrmun28
TOKEN METRICS : https://docsend.com/view/7e2udtrjrbup7sai
WEBSITE : https://projectinverse.com/
GITHUB : https://github.com/Project-Inverse/Inverse-Protocol
MEDIUM : https://tinyurl.com/ProjectInverseintro
TWITTER : https://twitter.com/inverseproject?s=11
DISCORD : https://discord.gg/dxyX8TWNhx
TELEGRAM : https://t.me/ProjectInverse
TG ANNOUNCEMENT : https://t.me/Project_Inverse
REDDIT : https://www.reddit.com/u/Projectinverse/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
YOUTUBE : https://youtube.com/watch?v=teFc-U6EYcc&feature=share