AMA Session with UNOS Finance
GEM SNIPERS
Group: t.me/gemsnipers
Announcement channel: t.me/gemsnipersann
We would like to tell you about the AMA session with UNOS Finance, represented by Mrs. Nithya.
Nithya is the founder of UNOS Finance.
This AMA took place on 17th November at 10.30 AM UTC. The total Reward Pool Was $40 and it was split among 2 Winners.
SOCIAL LINKS
Twitter: https://twitter.com/UnosFinance
Telegram: https://t.me/unoswapfin (@unoswapfin)
Medium: https://unosfinance.medium.com/
LinkedIn: https://www.linkedin.com/company/unos-finance/
INTRODUCTION
Q1. Could you please introduce yourself and tell us how did you get involved into Crypto? Your previous experiences?
Myself Mrs. Nithya from India, have expertise in crypto and block chain past 8 years, have been leading the Throughbit crypto exchange as a trading head, did pms for HNI.
But nevertheless, there was a call deep inside longtime ago to come up with a revolutionized project. But due to legalities in India I stopped proceeding. Now that we had a supreme court judgment on crypto as legal in India, with certain norms. So I dint want to limit it, hence we incorporating an entity on Wyoming by the coming week and thus far what was an obstacle has been cleared. Thus evolved Unos Finance.
UNOS
Q2. What is Unos Finance in brief words and what it does? Do you have any competitor in the market?
Unos.finace is a permission-less decentralized DeFi protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. In the money markets, the interest rates and collateralization ratio are based on supply, demand, and other market forces and borrowing limits are decided by liquidity in the trading pairs. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol. This solves the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.
There are big projects which I consider as my competitors, like easyfi, yfdai etc
Q3. How did you raise the fund for listing in Uniswap? Was there any presale event for UNOS? If so, what was the hard cap you reached and how much of that you used for liquidity providing?
No, there was no any presale, though we planned of having a presale initially, we later changed our minds and went for direct listing with bootstrapped funds
So I think the other two parts of the questions becomes NIL, as there was no PRESALE.
Q4. A very important issue in DeFi world nowadays is the contract exploitation. So, you need to show to the investors that your contract is secured and can’t be exploited. Have Unos Finance done any audit on its contract so the funds would be safu?
We will release the audit report on coming Thursday, 19th November, from blockaudit(blockaudit.report)
Actually as per legality norms also, its been advised that we should be smart contract audited. We are proud to announce that Mr.Varun sethi , senior blockchain lawyer from India has backed up our project n company as a legal advisor. Official addition of his profile will be implemented this evening
Q5. What is the strongest advantage of UnosFinance that you think will make your team lead the market? How does Unosfinance plan to address Flexibility, cost and security issues? And What was the hardest thing your team faced from the start of the project?
The strongest advantage is Unos.finance solves the problems of fragmentation and limited functionality by supporting and offering comprehensive functionality for a vast range of digital assets, including:
Permission-less listing: Any ERC20 token is able to be listed without a centralized entity/ DAO controlling the process and we’re also exploring the addition of cross-chain support in the future such as Binance Chain, Monero, etc..
Lending & borrowing: Users have the capability to unlock their token’s functionality for lending to receive an interest rate and borrowing by paying an interest rate.
Trading: A corresponding trading pair will operate on Unos to include decentralized spot trading functionality.
Liquidity: By providing liquidity, users are able to receive fees in proportion to their liquidity pool stake.
Governance: The protocol will be governed by its token holders through proposals in order to ensure adjustments to the protocol are made with a majority consensus.
User Interface/ User Experience: An intuitive and user friendly interface designed to provide seamless trading and lending/borrowing experience. These features will definitely make the team lead the market
For security we have planned a partnership with AWS under enterprise plans, where they will take care of the entire security hassle free
And the hardest thing the team faced was trust, where people believed the project which has been backed up by influenced advisors. Being a start up, with no such backs and influencers in the team was always a challenge which I honestly have to share here for two reasons
1) Trust the project which displays the team as who they are and what they are, don’t pass racism comments.
2) People get rugged by many projects where they believed in the team also, so never judge. Respect each and every people who are striving hard to make others life a better place as well as for themselves too. Trust and community gaining is the hardest part. Neither bootstrapping, nor coming up with an idea is not the hard part.
Q6. As I see in your website, there is a “staking DApp” option. How that works and what are the rewards? Can I stake my UNOS at the moment and get the reward??
How to stake unos from trust wallet mobile app.
Easy guide step by step.
Make sure you choose the fastest gas fee.
Ethereum network’s been lagging these days. Rewards are 8%pm. 100%per annum and 0.27% per day
Q7. I heard rumors that you are going to launch farming soon. What kind of pools you’re planning to open and what would be the APY ?
Coming to the farming dapp… the rumors are true. It will be live in few hours to a days time. I mean within tomorrow farming will be live on unos
Q8. Currently, UNOS can be traded in Uniswap and Vindax. Do you have any future plan to bring more exchanges to the table?
We have plans in expanding the availability of unos on different exchanges. because the main thing as a founder i always focus on is community building and support. so unos reaches different exchanges , it will be exposed to different group of serious investors, which is seriously needed for the growth of unos.
we will be launching in major exchanges… after a little more traction to the project.
Q9. What are your plans to acquire market capitalization in India and any plans to list in Indian exchanges ?
As a founder I’m already a highly influenced person as far as Indian exchanges are considered. I have been worked as a senior trade analyst for a leading Indian exchange called Throughbit, and already in talks with many major Indian exchange like wazirx. So the answer precisely is, before focusing on global market UNOS will definitely be present in few major Indian exchanges
PUBLIC SESSION
Q10. what companies are you partnered with or seeking to partner with in future ?
There is already been lot of companies approaching us for partnerships like ferrum network, the foundry ama, just liquidity for cross chaining bridging in to bep 20 etcc… we will sure update you, stay tuned.
Q11.I am still new to crypto why I invest my hard earned money in your project when I am seeing that many people lost money due to rug pull done by various projects like sushi , what unique feature you are offering me which going to protect my money and prevent these rug pulls?
Its a brilliant decision that you made to invest in crypto esp in defi, I don’t know about other rug pull projects, but unos is here fully bootstrapped we the steve jobs way, “if you believe in your project, why you expect others to give you funds or try fund raising, put in whatever you have and builds your dream” so UNOS as a founder of unos, i believe in my vision i believe in my dream so we have put in all whatever we had and completed it till date fully bootstrapped, in that case there is no chance of rugpull, because we are committed responsible individuals with values.
Q12. Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
This again is a very good question, we are coming up with a unique concept other than lending and borrowing, to brief about it, it will be a skill based game and to participate everyone should hold minimum amount of unos and then later participate and win big in ETH/BTC/USDT. , details will be let out shortly in that case the holdings and value of unos will surely bombard
Q13. You have a long-running project, but I see a 5-month lockdown. Do you intend to lock liquid for longer?
TIME WILL COME WHERE WE WILL ANNOUNCE THE ENTIRE LIQUIDITY WILL BE LOCKED FOREVER… STAY TUNED :)
And thanks for your time everyone.
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