Dear, Community,

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

✔️Introduction with VOX Finance:👉

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

craziest @ Vox Finance:
Of course! I can give a short introduction for you and your community. 😃

My name is Luka and I’m the lead blockchain developer at Vox Finance. I have a background in finance and money, where I’ve worked for financial institutions in the last few years as a smart contracts programmer, where we’ve worked on bringing traditional financial products on the blockchain.

Otherwise, I’ve been a crypto-enthusiast since 2016 when I started with a crypto mining farm. We teamed up with my colleague Jure to create something new in the DeFi space.

walkeraki @ Vox Finance:
I am software engineer at Vox Finance. I’ve worked for several well known European comapanies. I’ve been mostly doing web and mobile application development. I’ve joined blockchain with small btc investment and feel in love with the community and cryptocurrency.

craziest @ Vox Finance:
Our project is about bringing a professional and clean approach to yield-farming, staking and other DeFi features. We’re a project focused on the community and engagement with our members. We want to bring the best possible DeFi platform to the masses with good tokenomics, community governance and many more features down the line.

We’re also looking to set up a new stablecoin platform that will allow users to earn interest on their stablecoin deposits and make 1:1 swaps with other assets. We will also be enabling lending & borrowing features, so we’re very excited for that!

walkeraki @ Vox Finance:

BILLY | Decentralized Club:
Thanks for the wonderful introduction

When you say professional and clean approach it says that current approach is not user friendly and easy. And you guys want to plug that loophole

craziest @ Vox Finance:
Yes, we want to make it look clean while keeping a nice user experience and high quality service, exactly.

We don’t say other products are not good in the DeFi space — we just didn’t want to focus on food or vegetables or something similar..

We believe it turns off some investors.

BILLY | Decentralized Club:
Correct 👍👍

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

walkeraki @ Vox Finance:
As stated on our website, VOX is all about our community. The main goal is: »You will be able to share your input and help fashion the future of the token’s ecosystem«.

We don’t just want to build another DAO, but an entire governance platform where VOX stakeholders (in our staking pool) have many benefits for joining the governance system.

We’ll be offering private staking pools, voting rights and a full governance forum to share, discuss, propose and comment on new community incentives and ideas. We’ll reward top contributors with complimentary VOX rewards so that we can really get a big community engagement. We don’t just want to build a DAO platform and say — that’s it. We want real talk between real contributors.

We also have a very unique tokenomics model, but I’m sure you will ask more about that shortly.

Finished :)

BILLY | Decentralized Club:

It definitely is a community focused project!

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

craziest @ Vox Finance:
Our main strategy to make the VOX token more valuable is the tokenomics model. We’re producing low amounts of VOX tokens on every block. Currently we’re minting 75 VOX per day. This will be cut by a percentage of around 25,0 % — 45,0 % every 2 weeks to keep inflation going down starting on 01.11.2020 (tomorrow).

We also have a 2,0 % burn rate on all transactions (which will be increased to 3,0 % tomorrow). We’re trying to achieve an ecosystem where we can have both minting and burning — effectively always rewarding stakers and yield farmers while keeping a max supply of 4250 tokens.

This means that our circulating supply is always very low and allows for a »stable« price to form. At least that is our experiment and so far it is going good.

Tomorrow on 01.11.2020, the first emission cut will take place where we will increase the burn rate to 3,0 % and the mint rate will be decreased by 25,0 %.

That’s the overview :)

BILLY | Decentralized Club:
The tokenomics that you just explained is itself something to be excited about Vox Finance! I am really happy to see such innovation coming out 😊👍

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

walkeraki @ Vox Finance:
We’ve done everything on our roadmap as planned so far. We’ve launched our staking platform and farming platform on launch. We’ve done the first audit and will start the governance system next week. We’re also launching our first private staking pool tomorrow with rewards of tokens from our partner Just Liquidity. After that we’ll go forward with our plans according to the roadmap. I’m sure we’ll be able to do most things before the scheduled date.

In two weeks we will launch our own vault strategies and after that the full focus is on the stablecoin platform that will combine swaps, lending and borrowing all under one common platform.

And with the end of this year we’re planning to bring our entire platform to a mobile app. That means the entire power of DeFi in one application that you can access from anywhere. Farming, staking, governance, vaults, stablecoin lending and borrowing. It’s going to be the biggest development in our product roadmap and we’re more than excited to bring it to the market. Once we set up all our other features it will take all of our focus and we hope that we’ll be able to produce something truly unique.

I think that covers our plans for this year :)

BILLY | Decentralized Club:
Wow.. At first I thought you guys had already completed everything but now at the end I realized they year is still packed 😁😁👍

walkeraki @ Vox Finance:
Always working :)

BILLY | Decentralized Club:
So this ends our introduction to Vox Finance. Now comes our Twitter round. I will post all the 5 questions at once chosen by Vox Finance team ok?

craziest @ Vox Finance:
Okay :)

walkeraki @ Vox Finance:
Sure, go ahead.

BILLY | Decentralized Club:
Thanks. Twitter Questions coming up!

🐧Community ask Questions by Twitter ✔️

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

Truly it is convenient to use apps and platforms on our mobile devices, for VOX Finance, will it launch a mobile app in the future?

craziest @ Vox Finance:
Yes! We’re going to release a full mobile application with a planned release date at the end of this year/start of next year. We will combine all features of our platform under one roof where we will allow all our users to access yield-farming, staking, governance, vault strategies and a stablecoin platform all in one mobile platform accessible from everywhere.

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

With a very small current circulating supply, are you not afraid that a large number of coins will end up in the same hands?

walkeraki @ Vox Finance:
No, we’re actually not afraid of that and our token distribution is actually very, very fair. I think our small pre-sale and fair launch is the most important factor for building that. We have so many new investors every day and they’re helping us build a truly decentralized and diverse token holder portfolio.

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

What is your strategy to make staking and yield-farming VOX as profitable as possible for holders in the long term?

craziest @ Vox Finance:
We believe our tokenomics model and use-cases will be able to provide a stable price for our coin to form in the long term. A limited supply and good products and feature launches should keep a long-term vision for our project. We’re working as much as we can to bring this forward.

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

What is your background and how did you come to the idea to create your platform? Could you share some words on it?

walkeraki @ Vox Finance:
As we’ve mentioned at the start, we come from a background of blockchain, finance and software programming. So we’ve got a good basis to start from. Our idea came because we wanted to start a truly fair and transparent platform where the users can trust us. We’re here to stay with a serious project and we don’t plan to go anywhere else.

BILLY | Decentralized Club:
Twitter Question no 5
Username : @Raju42000

What is Populi within Vox Finance? Will it be the name of the governance token? What are the advantages of this token compared to $VOX?

craziest @ Vox Finance:
POPULI is the name of the governance token that will be used to participate in the governance platform. Owners of the token will be able to join private staking pools (starting tomorrow), be able to vote and to join the governance forum where ideas, suggestions and proposals will be discussed!

✍️ Telegram live Questions answered by VOX Finance ✔

Vox Finance announced recently a partnership with JustLiquidity. What is the value of this partnership?
What new developments we can see in upcoming days?

craziest @ Vox Finance:
Hello Conan!

Our partnership with JustLiquidity will allow us to build a bridge between Ethereum and Binance Smart Chain to allow cross-chain liquidity and swaps. What this means is you will be able to benefit from the low fee and faster transaction speeds of the Binance platform. This will allow us to access a larger group of people and allow us to provide better services to our users. Nothing will change on Ethereum, we will just add this as an extra option.

👉I am a newbie trader and just want to learn before I start investing, do you offer any educational courses that I can learn from?

walkeraki @ Vox Finance:
We have youtube tutorial made by our community member that explains how to get started with VOX. We also have super friendly telegram chat where all your questions will be answered in polite manner. Also me and craziest are here for any additional help you might require.

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

craziest @ Vox Finance:
We have just had our first audit done by Arcadia and no major issues have been found. That’s a very good start to building trust. We’ve also made a live AMA yesterday on YouTube to show who we are and that we don’t intend to fool anyone. We’ve been here for 3 weeks already and there hasn’t been a single issue with our platform. It will continue to be this way.

🔥 So I read on the website that there are certain modifications that will only be possible after the token has grown and the community is more mature. When will that moment be determined, and how limited will be community governance until then?

walkeraki @ Vox Finance:
Actually those modifications will be possible already in the next week or two. We are planning to launch our forum app and with that everyone holding our governance token will be able to make suggestions that can come to fruition if majority of community votes for it.

You recently changed the burn rate and the mint rate. Can you tell us more about this please? Why?

craziest @ Vox Finance:
We’ve changes the burn rate and mint rate to create a better token economy. We have already distributed a large amount of tokens to our investors and now it is time to create a good balance. We will be lowering the amount of tokens created while also limiting the circulating supply. We think this will create stable room for our token price to grow and create a long-term vision.

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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