YOP AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with YOP.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what YOP is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉
✔️Introduction with YOP :👉
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Q1. Can you please introduce yourself and also tell us a bit about YOP ?
Atif Yaqub:
Hey I am Atif Yaqub — Founder YOP. Based in the UK with a global team. YOP is a yield optimization platform. All-in-one Mobile yOptimization application that makes it easy for everyone to access DeFi. Giving you control, custody, insights and flexibility directly in one single application. With a robust yProtocol powering all the underlying technology connecting to you to leading protocols in the space.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Very Impressive👍
Next question…
Q2. What is so exciting about YOP that we should know about ?
Atif Yaqub:
YOP is the first project to combine and work both on a Platform and Protocol. Together becoming a very powerful set of tools for all things DeFi & crypto. This make it easier for the user to do everything in one application rather than using multiple platforms and websites separately.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Amazing🤩
Next question…
Q3. Which are the most important achievements in 2020 for YOP ??
Atif Yaqub:
We started our development and it has been a great year for YOP. The single most outstanding highlight for us would be to receive approval and backing from a London Stock Exchange listed investment company. Really setting us apart from the rest of the new projects. This gives us a solid base to start and grow from in the future.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Thanks for the quick answer👍👍
Last question of first segment
Q4. Finally, any sneak peek into 2021 plans for YOP ??
Atif Yaqub:
Next year is big for YOP. Q1 2021 we launch our application and really start to grow. Some exciting things coming in January too with our TGE and more. All I can say is we are not just a DeFi project but we will have much more utility to our token. Exciting things coming. Make sure you follow @YOPfi to find out first.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Thank you Atif, super insightful and very easy to understand.
🐧Community ask Questions by Twitter ✔️
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter Question no 1.
Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded. Well-established and coming up with innovative technology. How #YOPfi going to compete with them?
Atif Yaqub:
YOP is different as it combines both platform and protocol. We focus on back end and front end technology. This gives us the edge over the competition. We are also not just focusing on the crypto market, but outside to the global audience of millions of users. So our approach is broader and ultimately makes YOP stronger.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter Question №2
YOP is works on Ethereum Network. it has a slow speed and high gas fee?Do you have any plans to launch your mainet or convert to other blockchains in the future?
@Prettyboy071 @NgocLin61890034
Atif Yaqub:
Yes there are two plans for that. Firstly we hope ETH2 launch goes well and it actually fits with our growth plans, so if that comes online, gas problem should be solved. Apart from that we are looking at Polkadot Moonbeam and in total 7 network integrations. These will add L2 speed and tx efficiency and also faster scaling.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter Question №3
I’ve seen Yop use both the terms yPlatform and yProtocol. What’s the difference between those, could you touch more on this?
@SekiSua @AncGtx
Atif Yaqub:
In short answer, the yPlatform is the application (first mobile, then web and tablet). The yProtocol is our underlying technology. It connects to other contracts and helps optimize your yield. Both powered by $YOP token.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter Question No 4
Trust is very important in doing business.
How do you take action to make investors or customers feel comfortable with #yopfi? And how do you get the trust of bad-thinking investors or customers about blockchain and defi?
TG : @ Dinda_Nuraisya
Atif Yaqub:
Sure customer safety is high on our priority. We ensure that everything we engage with is audited by the leading firms in the crypto space. We also believe it is an eduction process. Much of the failure and issues investors and customers alike have faced are due to mis-communication and lack of clarity. Knowing what you are engaging with a clear and easy to use interface will help build this trust back.
| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Twitter Question №5
Do you have any plans to attract non-crypto investors to #your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?
https://twitter.com/projectserum
Atif Yaqub:
100% — we actually believe YOP will grow the most outside of the crypto space once we have built our core community. Today we have a small number of daily active participants in the crypto world, compared to what the wider financial system has. This is why we are building a product that is easy to use for new non-crypto customers too.
✍️ Telegram live Questions answered by YOP ✔
Oleta Dickens:
What is your plan for global expansion? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
Atif Yaqub:
We plan to build our base community in the global crypto space. Then we will go into the UK & Europe market to us which local. Then we look towards US & Asia. YOP has already started to develop strategic partners in different places around the world for this growth.
Anunar:
🏀Q.Most DeFi projects especially those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yield farming ?
Atif Yaqub:
It is very important to have sustainable growth. There is no point over hyping and then underdelivering, rather YOP would like to overdeliver on what the customers expect and maintain and steady flow. This gives us better long term growth opportunities. We are already thinking 3 years ahead not just about a 3 week hype and fizzle out. YOP is here for the bigger picture.
Erven James Sato:
“TOKEN BURN” is BENEFECIAL for any projects, in able to CONTROL THE NUMBER OF TOKEN CIRCULATION and TO PROVIDE GREATER INCENTIVES TO INVESTORS.
Does your GREAT PROJECT have plan about TOKEN BURN?
Atif Yaqub:
Yes token burn, buyback and we have done extensive work on our token economics. From our token modelling using advanced mathematical tools we project YOP to be net deflationary token. This leads to continuous reduction of $YOP circulating supply.
🏆💘sinthiya💘🏆:
Do you have any new partneship recently? And what advantage of this partnership to the project?
Atif Yaqub:
We have just signed a world famous individual who will bring great value to YOP and the community. There are many partnerships planned and some already signed. We believe working together with other projects makes the community stronger and we can achieve more.
👑 KINGING 👑:
Many tokens dump after launch
How do you intend to prevent that?
Atif Yaqub:
The best thing about YOP is we priced all our tokens at one flat rate. So no big bonuses to early investors, no different prices. This way we have a level playing field from day one. Rather than early investors waiting to dump on retail. So with flat pricing and even distribution (nobody holding large amounts) we create a fair value proposition.