May 7, 2021
Project Inverse AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with Project Inverse.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Project Inverse is about, we are sure this recap is gonna help you. So without further ado,continue reading 😉
✔️Introduction with Project Inverse : 👉
HARSH | DecentraliZed CluB:
Before the ama
kindly introduce yourself
Emeka Enu:
My name is Emeka I am a the co-founder of TLG and the CEO of First-Kudi and SEFA. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. In 2019, we designed and launched First-Kudi, a crypto-fiat platform for the African Market. My background is in pharmaceuticals. I have always been an entrepreneur by trade and I have always tried to stay at the cutting edge of technological innovations.
Germaine Ifudu:
My name is Germaine Ifudu, I am the Co Founder of Project Inverse. Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.
In addition to my role in Project Inverse, I am the co founder of First Kudi, SEFA Foundation, and TLG Ventures. I have over 10 years of experience in Banking, Corporate Finance, IT and Project Management. We initially incubated Ferrum Network, and helped in delivering FRM’s success today.
Ikay:
My name is Ikay, I am co-founder of Inverse. I am also a co-founder of TLG who helped who helped to incubate Ferrum. I have been in the crypto for 4 years. And a physician by trade.
HARSH | DecentraliZed CluB:
Thanks for the wonderful introduction!
Without further ado let’s begin our questions regarding INVERSE!
Ok, Moving on to our first session — Introductory questions ✅
Q1. How did the idea of Inverse came up and why does that idea have a huge market potential?
Ikay:
The idea of Inverse came when we were looking at platforms that would will allow us to earn gains from the movement of other coins without having to to hold them.
We could not find one. That’s how the idea came up.
HARSH | DecentraliZed CluB:
Q2. Where does the XIV token fit into all these?
Ikay:
The XIV token is a utility token that is placed in “tracking vaults” that track the movements of other popular coins like UNI, AAVE, SNX.
HARSH | DecentraliZed CluB:
Wow😍
Ikay:
Based on the movement of these coins, users can earn up to 1x 2x 3x the XIV the placed in the tracking vault
XIV is also placed in the Liquidity Pool that supplies gainers with additional XIV and to were forfeited XIV returns.
HARSH | DecentraliZed CluB:
Q3. Can you tell us about the ongoing rewards and APY program for users ?
Emeka Enu:
Here are to the whitepaper, token metrics and other important information on Inverse.
🔥 INVERSE 🔥
🔵 The crypto and DeFi space is fast moving and highly volatile. These assets are often subject to frequent and rapid dips in price which can result in profound losses for market participants.
To help solve this problem, we have created a protocol that offers users the opportunity to stake against the frequent dips in price of select DeFi coins without having to hold those assets.
With the INVERSE protocol and its native XIV token, non-traders are offered the ability to speculate on the volatility of select assets dur- ing selloffs, dips, or downward turns in the crypto markets
🔵 INVERSE is a DeFi platform that provides an array of smart-contract features with integrated time-based options. Users have the opportunity to speculate on the drop in value of a suite of DeFi coins by utilizing the multiple tracking vaults on the platform. XIV, the protocol’s native token, is used to unlock these vaults, and then staked within these vaults for no more than 7 days.
As their name implies, these vaults track the real-time price movements of select DeFi tokens (i.e. COMP, AAVE, UNI, YFI). After 7 days, if the value of the DeFi asset being tracked has dropped by a certain percentage, the user will gain a significant percentage yield on the amount of XIV held within the tracking vault.
If the price of the DeFi asset does not drop in value beyond the pre- determined percentage by the end of the 7-day staking period, the user will forfeit a portion of their staked XIV. Rewards will be automatically disbursed to the user’s web3 browser wallet at the end of the 7-day staking period. Ultimately, INVERSE offers users the option to hedge against the volatility of select crypto assets.
🔵 XIV Token:
Required token to be used for staking against DeFi coins and swapping on the INVERSE platform.
▪︎Ticker: $XIV ( ERC20 )
▪︎Token Supply: 90,000,000
▪︎Etherscan
▪︎CMC
🔵 Exchange’s:
▪︎Hotbit
▪︎Bidesk
▪︎UniSwap
▪︎Dextools
🔗 USEFUL LINKS 🔗
🌐 Website
📑 Whitepaper
📧 Group
🔊 Channel
🕊 Twitter
👥 Team
📖 Github
🧮 Medium
🧧 Reddit
🎦 YouTube
HARSH | DecentraliZed CluB:
GUYS DON’T FORGET TO CHECK IT
Emeka Enu:
Great question, we increased our APY from 12% to 36%. You have to stake 10,000 or more XIV in our liquidity pool to get the APY. Also we are giving an NFT to the first three people who stake in the inverse platform. You also earn the same APY in the in-line platform. In other words, you can receive 72% APY
Join the channel to get more info: https://t.me/projectinverse
HARSH | DecentraliZed CluB:
Soo guys BUY $XIV and stake it, earn amazing rewards😍
LAST QUESTION FROM INTRODUCTION SECTION 👍
Q4. Do you have any substantial developments in the pipeline for rest of the year ?
Ikay:
Yes! We plan to include many more coins in our tracking vaults including many more DeFi coins, blockchain coins, and NFT related coins. We have also introduced our “Flash Vault” which will be formally launching next month, and will also be launching peer to peer staking sometime in Q3
🌍 Community ask question by Twitter 👨💻
HARSH | DecentraliZed CluB:
Before the ama
kindly introduce yourself
Emeka Enu:
My name is Emeka I am a the co-founder of TLG and the CEO of First-Kudi and SEFA. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. In 2019, we designed and launched First-Kudi, a crypto-fiat platform for the African Market. My background is in pharmaceuticals. I have always been an entrepreneur by trade and I have always tried to stay at the cutting edge of technological innovations.
Germaine Ifudu:
My name is Germaine Ifudu, I am the Co Founder of Project Inverse. Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.
In addition to my role in Project Inverse, I am the co founder of First Kudi, SEFA Foundation, and TLG Ventures. I have over 10 years of experience in Banking, Corporate Finance, IT and Project Management. We initially incubated Ferrum Network, and helped in delivering FRM’s success today.
Ikay:
My name is Ikay, I am co-founder of Inverse. I am also a co-founder of TLG who helped who helped to incubate Ferrum. I have been in the crypto for 4 years. And a physician by trade.
HARSH | DecentraliZed CluB:
Thanks for the wonderful introduction!
Without further ado let’s begin our questions regarding INVERSE!
Ok, Moving on to our first session — Introductory questions ✅
Q1. How did the idea of Inverse came up and why does that idea have a huge market potential?
Ikay:
The idea of Inverse came when we were looking at platforms that would will allow us to earn gains from the movement of other coins without having to to hold them.
We could not find one. That’s how the idea came up.
HARSH | DecentraliZed CluB:
Q2. Where does the XIV token fit into all these?
Ikay:
The XIV token is a utility token that is placed in “tracking vaults” that track the movements of other popular coins like UNI, AAVE, SNX.
HARSH | DecentraliZed CluB:
Wow😍
Ikay:
Based on the movement of these coins, users can earn up to 1x 2x 3x the XIV the placed in the tracking vault
XIV is also placed in the Liquidity Pool that supplies gainers with additional XIV and to were forfeited XIV returns.
HARSH | DecentraliZed CluB:
Q3. Can you tell us about the ongoing rewards and APY program for users ?
Emeka Enu:
Here are to the whitepaper, token metrics and other important information on Inverse.
🔥 INVERSE 🔥
🔵 The crypto and DeFi space is fast moving and highly volatile. These assets are often subject to frequent and rapid dips in price which can result in profound losses for market participants.
To help solve this problem, we have created a protocol that offers users the opportunity to stake against the frequent dips in price of select DeFi coins without having to hold those assets.
With the INVERSE protocol and its native XIV token, non-traders are offered the ability to speculate on the volatility of select assets dur- ing selloffs, dips, or downward turns in the crypto markets
🔵 INVERSE is a DeFi platform that provides an array of smart-contract features with integrated time-based options. Users have the opportunity to speculate on the drop in value of a suite of DeFi coins by utilizing the multiple tracking vaults on the platform. XIV, the protocol’s native token, is used to unlock these vaults, and then staked within these vaults for no more than 7 days.
As their name implies, these vaults track the real-time price movements of select DeFi tokens (i.e. COMP, AAVE, UNI, YFI). After 7 days, if the value of the DeFi asset being tracked has dropped by a certain percentage, the user will gain a significant percentage yield on the amount of XIV held within the tracking vault.
If the price of the DeFi asset does not drop in value beyond the pre- determined percentage by the end of the 7-day staking period, the user will forfeit a portion of their staked XIV. Rewards will be automatically disbursed to the user’s web3 browser wallet at the end of the 7-day staking period. Ultimately, INVERSE offers users the option to hedge against the volatility of select crypto assets.
🔵 XIV Token:
Required token to be used for staking against DeFi coins and swapping on the INVERSE platform.
▪︎Ticker: $XIV ( ERC20 )
▪︎Token Supply: 90,000,000
▪︎Etherscan
▪︎CMC
🔵 Exchange’s:
▪︎Hotbit
▪︎Bidesk
▪︎UniSwap
▪︎Dextools
🔗 USEFUL LINKS 🔗
🌐 Website
📑 Whitepaper
📧 Group
🔊 Channel
🕊 Twitter
👥 Team
📖 Github
🧮 Medium
🧧 Reddit
🎦 YouTube
HARSH | DecentraliZed CluB:
GUYS DON’T FORGET TO CHECK IT
Emeka Enu:
Great question, we increased our APY from 12% to 36%. You have to stake 10,000 or more XIV in our liquidity pool to get the APY. Also we are giving an NFT to the first three people who stake in the inverse platform. You also earn the same APY in the in-line platform. In other words, you can receive 72% APY
Join the channel to get more info: https://t.me/projectinverse
HARSH | DecentraliZed CluB:
Soo guys BUY $XIV and stake it, earn amazing rewards😍
LAST QUESTION FROM INTRODUCTION SECTION 👍
Q4. Do you have any substantial developments in the pipeline for rest of the year ?
Ikay:
Yes! We plan to include many more coins in our tracking vaults including many more DeFi coins, blockchain coins, and NFT related coins. We have also introduced our “Flash Vault” which will be formally launching next month, and will also be launching peer to peer staking sometime in Q3
🌍 Community ask question by Website 👨💻
HARSH | DecentraliZed CluB:
From : @Wormz29
Q1 : On the website, I saw this STAKING VIA FERRUM NETWORK where holders may stake their XIV over the course of several months. So explain more how does it works and what makes it different from your upcoming Staking on the INVERSE protocol?
https://twitter.com/Wormz29/status/1390165490631204864?s=19
Emeka Enu:
We are different than other staking programs because not only you get the traditional APY you also receive a percentage of the gains and losses form the users bet on the vaults.
HARSH | DecentraliZed CluB:
From : @Moon58004
Q2 : We are living in the advent of yield farming and liquidity mining, can you share your personal opinion on yield farming and also briefly explain your liquidity mining program?
https://twitter.com/Moon58004/status/1389207477317607427?s=19
Germaine Ifudu:
The purpose of yeild mining and farming is to benefit the token holder while assiting with Liquidity provision. On the Inverse platform XIV holder can earn up to 3x daily, staking against the volatiltiy of your favorite defi coins. Our LP also provides 36% APY for user liquidity provision.
HARSH | DecentraliZed CluB:
From : @Fedricho376
Q3 : Can you give us an overview of your tokeconomics and ecosystem? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?
https://twitter.com/Fedricho376/status/1389205358279675904?s=19
Emeka Enu:
https://docsend.com/view/7e2udtrjrbup7sai
Ikay:
Please see tokeconomics below. The XIV token is a 90 million finite supply token without a burn or mint function. The token is designed to rise with the success of the platform as more people buy XIV to use in the tracking vaults and as more people place XIV in the LP.
HARSH | DecentraliZed CluB:
Website question no 1.
A project can’t be successful without the following components :
*reliable & active community
*strong partnership
*financial Stability
*token value
*above all SECURITY
amidst those listed which do consider should be your top priority. ?
Telegram Username: @Rabea1800
Ikay:
We certainly consider reliable and active community and SECURITY to be of the highest priority! We know that we will not be where we are without our community!
HARSH | DecentraliZed CluB:
Website question no 2.
In inverse project you can bet XIV on fixed vaults and flexible vaults, what are the significant differences between the two vaults?
Telegram Username: @Josegamboac
Emeka Enu:
Great question, the fixed vault parameters are determined by the protocol. The flexible vaults parameters are determined by the user.
Great questions everyone!!😊😊
HARSH | DecentraliZed CluB:
Website question no 3.
Inverse-staking is the process whereby users may stake XIV, the native Inverse token against the volatility of select DeFi assets and a broader DeFi index for 1, 3, or 7 days… how are the Defi assets selected and how do users stake against the volatility of this assets in Inverse-staking.
Telegram Username: @Jonahapagu
Ikay:
Users use XIV by placing it in Tracking Vaults that track the movement of other popular coins like AAVE, UNI, LINk
Based on the movement of the coins and based on predetermined or user set parameters, users may earn up to 1x 2x or 3x the XIV the staked in the tracking vaults.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
I am pretty sure.. Yeahh.. hell…. Inverse will fire 🔥 to the crypto world😉
✍️ Telegram live Questions answered by Project Inverse ✔
Hieu Van:
Q. How INVERSE protocol works?
Germaine Ifudu:
Inverse is a counter volatility defi protocol, that allows users to earn XIV on the negative and positive movements of select defi assets.
TH070:
Q. When the INVERSE protocol is connected to a Web3 browser such as MetaMask, users can swap ETH or USDT for XIV and vice versa.
Ikay:
Not at the moment. We don’t feel that’s a very important feature. Users can swap through MetaMask.
Koki:
Currently, there are many strong developing projects, so why should we choose Inverse and not others? What in Inverse makes you more confident than other projects?
Emeka Enu:
We have been in this space for quite sometime. We know a lot of people, such as Devs, Blockchain companies, etc. Our VC firm incubated Ferrum in 2018. The most important barometer for a project is the team behind it. We have the experience and we have the team.😃 so join project inverse.
Nikolas:
Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Germaine Ifudu:
We already have a very minimal supply, and our tokn metrics is one of the best in teh business. All combined with an actual product and use case.
Sky Moon ✪:
After listing on the first exchange, many investors Many investors hit and run in the sell and sell session, How does your project prevent early investors from selling tokens, and what benefits will you bring to them? Most projects have to go through certain difficulties and challenges. What difficulties do you face and how to overcome them?
Ikay:
XIV is a finite utility token that is needed to stake in our tracking vaults to earn additional XIV. XIV is also required in the Liquidity Pool to power the platform. Beyond this, we have multiple other staking options for the XIV token so users don’t dump. Our greatest challenge is getting the word out about this most innovative platform.
Jemo Kedurang:
Your project sounds really attractive and very functional, but how do you really know that it is not a project that will hit the ground running after raising great capital from investors?
Ikay:
You know if a project is able to hit the milestones set in the roadmap. So far, we have been able to achieve this.
Mathai Nosto🤫:
While you build Inverse project, do you take into account community feedbacks and demands?
Germaine Ifudu:
Absolutely. We created the in-line function, Liquidity and Flash pools because of the community feedback.
Please join our announcment channel to stay up to date.
Tinh Le:
Q. How does Inverse become an anti-volatility protocol?
Ikay:
Inverse protocol is a counter volatility protocol because it capitalizes on the volatility of popular tokens in order for users to earn gains in the form of additional XIV
budi karebet:
What is you advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing?
Ikay:
We have an entire security protocol on the WHITEPAPER. Please review. Our project has a major advantage over others because it allows users to earn the most gains from the platform.
To stay updated with Inverse please join their official Telegram and Twitter:
https://twitter.com/inverseproject
