On the 23rd of July, 2021 at 14:00 UTC, Decentralized Club had the honor of hosting Fang Yui from the Cash Ape Rise Marketing Team for an Ask-Me-Anything session on their Telegram page with a community of over 30,000 people. It was hosted by DC Admin, May.
 
The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.
 
If you missed this event and would like to know what Cash Ape Rise is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity.

Segment 1 - Introduction

[Fang Yui] 
Hello, Good day!!!

[May Gusta] 
Hello, नमस्ते, 大家好, Selamat!

My name is May and I'll be hosting the AMA with Cash Ape Rise.

Today, we have with us a guest from Cash Ape Rise.

You're welcome and it's an honor to have you here.

[Fang Yui] 
Hello there, thank you. It's our pleasure to have this AMA with you.

[May Gusta] 
Ours as well.

Could you quickly tell us more about yourself and your job description at CAR?

[Fang Yui] 
Sure!!! By the way, I would like to introduce myself first. I am Fang Yui from the marketing team of CashApeRise and I'll be representing the team.

About us, CashApeRise is a token that was created to bridge the project's benefit and investor's benefit. As investors only focus on their profit benefit on holding projects for the long term, we created a system in which reward will become proportional to the productivity of the product. As most products focus on token's price on the hype their product can make, we gave investors a reason to support and promote our product. A competitive product and a competitive deal for holders and players. Due to the simple nature of our staking mechanism, you may expect that Cashgame won't be our only product that will benefit from the reward, as more products are expected to launch soon too.

[May Gusta] 
Welcome to DC, Mr. Yui.

Thank you for the introduction.

Shall we now take some project introductory questions?

[Fang Yui] 
Yes, please

[May Gusta] 
Great!

Q1. Briefly tell us about Cash Ape Rise. We would like to know more about it and how it works.

[Fang Yui] 
CashApeRise is a collaboration project which focuses on the development of our very own Cash Ape Rise application and bringing it to the defi world. As I said earlier this will bridge the project's benefit and investors benefit.

[May Gusta] 
Q2. What specific development is Cash Ape Rise bringing to Decentralized Finance?

[Fang Yui] 
We are a project focused on expansion and development. We already saw the best dex, best launchpad, best games but we didn't see anyone who tried to rise above that. Cashaperise was made to reach above that. Bringing multi-benefits into one use case where you can only see on cashaperise. On cashaperise where would start on the cashgame platform and will expand to many more such as launchpad where benefits focus on staking benefits. Bringing multi rewards sources to greater benefits and long-term upward trend.

[May Gusta] 
Q3. What kind of games are currently available on your platform?

[Fang Yui] 
Currently, the games you will see on our official launching are only poker and apegame. But soon with the fastest time, you can expect we will bring more quality games that you will all surely love to play, combinations of best of all-time games and new original games of ours, and we hope everyone is excited about this.

[May Gusta] 
Q4. How do we acquire the $CAR token and why should we hold the token, from an investment perspective?

[Fang Yui] 
We are very much excited about our upcoming public sale which is just 3 days away from today. You can participate in our upcoming presale on Unicrypt.
 https://app.unicrypt.network/amm/pancake-v2/ilo/0xEe1Fe8d6AC56b186D68Df67CD4995b41b897ABeB on July 26, 4 pm UTC.

By staking your token you will receive BNB rewards over time which will come from different sources, as development and progression go by you would see your rewards increasing, not decreasing like other platforms, making sure that your benefit will be built over time and not just for a quick.

[May Gusta] 
Q5. What major events are lined up for Cash Ape Rise in the second half of 2021?

[Fang Yui] 
On launch you can expect our product to be launched the same day, making sure that hype will be maintained. And our partners will be revealed during this time too, streaming it everywhere how this works. More of the upcoming can be seen on our roadmap on the website. For now, you can see us focusing on launch yet as we prefer to take the steps not rushed. Progress and developments will come. And this all can be seen on our roadmap which is available on our website at
www.cashaperise.io

[May Gusta] 
Great answers so far!

Segment 2 - Twitter Questions

Q1. Tell us why DeFi is very important to the Cash Ape Rise project and the advantages you get from using it?

Twitter Username: @TrixiesFirst

[Fang Yui] 
Hello there Trixie thanks for this very interesting question, Defi is the leading star on defi which made other coins as stars too, making us get the maximum exposure here which would be beneficial for us.

[May Gusta] 
Awesome!

Q2. We all know of the functionality of equilibrium in the market and for a certain number of buyers, there should be at least an equal number of sellers. if you only encourage buying how then would liquidity be fluid?

Twitter Username: @repmujduolc

[Fang Yui] 
As there are the majority of investors who will only want to sell rather than researching we focused our projects on developments, creating many reasons for them to hold, making much hype for them to see first the rewards benefit before selling, letting them know how big is the difference in terms of benefits in just holding rather than selling with this idea we expect that we only not get buyers to hold but also the sellers, making them understand how we focus the benefits to long term holders.

[May Gusta] 
Great answer!

Q3. The entire idea of your project is new, innovative, and uncommon. Is there anyone on your team that has formerly handled this type of project? Why do you feel Cash Ape Rise will succeed?

Twitter Username: @AnthonyUdem

[Fang Yui] 
Yes, most of our team already handled a project like this but not kind of the same outside defi world, suffering on great loss and learning from the mistakes. We are sure that this will work now, fixing the mistakes that may happen, observing how other projects failed, making sure that will not happen to us, and creating the best plan that has the lowest risk of failure than other projects.

[May Gusta] 
😎😎😎

Segment 3 - Website Questions

Q1. The protocol has been audited by Solidproof. Can you tell us the audit result and how safe is it? Did they find any issues? And when will the Certik audit be done?

Telegram Username: @Sutedjadian

[Fang Yui] 
Security is one of our top priority which is why we made sure that before we launch this project it should be audited and free from all possible red flags and we are very much delighted that We got a big check from solidproof audit as no issue even the lowest was found on a security audit.

here is the result: https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_CAR_v2.pdf

The certik audit result was already done too. certik.org/projects/cashaperise. Given that there are some issues found, most of them can be fixed without changing the codes. Some issues of it also focused on centralization of the token which we don't plan to change for security reasons as our use case will depend on it. Changing it is like saying to renounce it as we only see that on meme tokens and most big projects don't do that for the same reason.

[May Gusta] 
Good to know!

Q2. Cash Ape Rise is launched on what blockchain? Is the platform live on the web or mobile? How can gamers play and earn? Is earning in $CAR or another token or coin?

Telegram Username: @sugergyl

[Fang Yui] 
Cashaperise will be launched on the BSC network. An app would be available on the web initially. You can earn stable coins and may use stable coins on playing our cashgame while paying a fee will use a cashaperise token as currency.

[May Gusta] 
Nice!

Q3. Asides from Stakers and Developers, where else would fund from the service fees paid by players go to?

Telegram Username: @CloudJumper97

[Fang Yui] 
Not only on tokens but our platform also gives the best care to players. Along with stakers and developers. Some of the service fees paid by players will also go to giveaways, referrals, contests, and events that we are planning on cashgame, making sure that the game will be active.

[May Gusta] 
Great answers so far!

Cash Ape Rise is a really impressive project.

Shall we now take questions from our live audience?

[Fang Yui] 
Thank you. 🙏

Sure, let's bring them on.

[May Gusta] 
Okay. After I unmute and mute the group, please pick four very relevant questions to CAR and answer.

[Fang Yui] 
Copy that, we will be picking the most unique ones and questions that are not yet being asked before for sure.

[May Gusta] 
Great! Thank you.

---Chat was then opened for the live community to send in their questions---

Segment 4 - Live Questions

Please answer now 😊

[Sharay Lug]
How will Cash Ape Rise build a strong community that can help the project grow and sustain itself in the long term, unlike other platforms? What is your strategy?

[Fang Yui] 
Hello there Sharay, thank you for bringing this up. A project will never be successful without the support system and mainly the support of the community will be a big contributor to the success of CashApeRise. The Telegram Community will be expanded by Countries so we can make sure that every member of the community will be taken care of and the community will be managed well. We will be having a lot of activities in our communities soon, so keep yourselves posted. Thanks

[Jem Trần]
Are you worried that when the market is unstable, your project will be difficult to develop during this period, so what will you do, and where does the current income mainly come from?

[Fang Yui]
No, we aren't worried that the market can affect us, we are confident that by linking our project to outside defi products, our demands won't be affected by market prices. Using stable coins too will surely make us rise on the falls on down markets. Thank you, Jem

[Lamtey]
As we know, every successful project has a few stories behind the scenes. What's the story behind Cash Ape Rise's success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Cashape Rise updates that you want to show/share with us?

[Fang Yui] 
Yes, as cashaperise is an innovation only that focuses on developments and correction. You already expect that the ideas of it are built by the bitter end. The idea of cashgame to DeFi is because of miserably failed of the project when being worked initially by few people, the idea of staking is because of falls of most projects that were linked on defi but closed with bitter ends. As cashaperise was built to make it perfect, there are sure that hidden stories behind it that made it strong before it became perfect. Thank you for bringing this up Lamtey 🙏

[Elias]
Private sale whitelisting is supposed to end on July 17. But why is it already closed on July 15? How can I participate in the token sale now?

[Fang Yui] 
We reopened it on July 20 and closed it now. If you want to participate more you can go with our upcoming public sale on July 26 at 4 pm UTC. This will be our last pick for today. We do hope we have given you enough information about CashApeRise, but if you still have more questions about this project we will be glad to accommodate you in our official community. Thanks

[May Gusta] 
Detailed answers!

Thank you so much Mr. Yui for your amazing exposé on the Cash Ape Rise project!

[Fang Yui] 
Thanks, May for accommodating us today!!! I think we've been able to pick the 4 lucky winners for tonight.

[May Gusta] 
Thank you so much for your answers!

[Fang Yui] 
On behalf of our team we would like to extend our gratitude, thank you for accommodating us. God bless you and your community. 🙏

[May Gusta] 
Please send our greetings to the rest of the team back at Cash Ape Rise.

We wish you all the best with your project!

Enjoy the rest of your day!

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