💹MB Blockchain community VN AMA with Multiplier Finance💹
✨MBBCBLOCKCHAIN community is hosting AMA with Multiplier Finance https://t.me/themultiplierio
Time 🕖AMA: Thursday, November 12, 2020 || 17:00 PM UTC+7)
💚Part 1: Introduction to the Multiplier Finance project
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Can you tell us about yourself and your project first?
D.R.Dudley | Multiplier.finance:
Sure.
Hello everyone, my name is Dudley and I’m the Marketing Director of Multiplier Finance.
Multiplier was established in early 2019 as a licensed crypto lender, we transitioned to DeFi and officially launched our first protocol on 9th September 2020.
We have also launched an AMM DEX and will soon launch our 3rd procotol on Binance Smart Chain, Multi-Chain (Lend)!
Missed out on Aave? Don't miss out on Multi-Chain (Lend)! An Aave-fork on Binance Smart Chain.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Ok we will get to question 2
Q2. What is Multi-Chain (Lend)?
D.R.Dudley | Multiplier.finance:
Multiplier is in a joint collaboration with Bramah Systems to build a DeFi lending protocol similar to Aave, but on Binance Smart Chain.
Multi-Chain (Lend) allows users to lend and borrow crypto with variable and stable interest rates.
Main differences between us and Aave are increased revenue-sharing for token holders, lower rates for flash loans, and quicker transactions with lower gas fees due to the architecture of the Binance Smart Chain.
As it stands, Multi-Chain (Lend) will be the first to launch Flash Loans on Binance Smart Chain.
Maybe this medium article can help, https://multiplierfinance.medium.com/multi-chain-lend-by-multiplier-bramah-systems-bringing-flash-loans-to-binance-smart-chain-f9f780e7a584.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Wow so great
Q3. How do flash loans work?
D.R.Dudley | Multiplier.finance:
Flash loans require zero collateral. The flash loan is approved if it used and paid back in full within the same block it was issued.
However, if the loan is not paid back within the same block, the entire transaction fails and the user is only liable for gas fees incurred.
With gas fees of about 1 cent on Binance Smart Chain, this enables users to actively experiment with Multi-Chain (Lend) Flash Loans.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
May I ask an external question?
D.R.Dudley | Multiplier.finance:
of course.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
What are the terms for a quick loan?
D.R.Dudley | Multiplier.finance:
As long as you can write a smart contract that allows you to borrow and lend in the same transaction, you'll be able to make the flash loan.
The Multi-Chain (Lend) platform charges a 0.06% fee for the flash loan.
This fee is shared with our community, users who stake in the governance pool.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Wow Nice
Q4. Sounds exciting. Now, can you tell us more about Multi-Minionaire?
D.R.Dudley | Multiplier.finance:
Multi-Minionaire is a Discord-based mini-game that rewards community participants for learning about and sharing Multiplier’s upcoming launch on Binance Smart Chain, Multi-Chain (Lend).
Users will be able to start minting bMXX tokens before the launch!
All you need to do is complete 5 missions that can be found in our discord channel, and start earning bMXX rewards!
We shall be adding new missions! So make sure you join in the fun and start earning bMXX today!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Wow it's great we can both play games and make bMXX
D.R.Dudley | Multiplier.finance:
That's right!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Q5. How does Multi-Minionaire work?
D.R.Dudley | Multiplier.finance:
All you need to do is complete the mission instructions in each of the #mission1 - #mission5 channels in our Discord (https://discord.gg/cA3bsPX).
Each mission you complete will give you one level. Once you reach 5 levels, you will win 10 bMXX tokens! Even before the official launch of Multi-Chain (Lend)!
Here’s an example of one of the missions:
1. Join our official Telegram Group (https://t.me/themultiplierio) and post a thoughtful question.
2. Post a screenshot of your question in Discord #Mission3.
It’s that simple. Join now!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
great. The task I found is very simple and easy that also earns the bMXX
D.R.Dudley | Multiplier.finance:
and it's guaranteed! if you complete it, you win it.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Q6. Please tell us more about the “Community Leadership Initiative”.
D.R.Dudley | Multiplier.finance:
The Community Leadership Initiative is aimed towards recruiting individuals who are able to grow the community exponentially together with us.
Applicants who are interested in community management and marketing are encouraged to apply. If you have significant crypto followers, it will be highly advantageous as well!
Please email marketing@multiplier.finance with the relevant information and we will contact you if you are shortlisted.
Anybody can apply!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Q7. What are the rewards for the “Community Leadership Initiative”?
D.R.Dudley | Multiplier.finance:
Basically, there are 3 levels:
-Multi-Leader
-Multi-Ambassador
-Multi-Governor
Each level earns higher rewards.
Leaders will receive a $2,000 MXX monthly allowance.
Ambassadors $3,000 MXX monthly allowance.
Governors $4,000 MXX monthly allowance.
On top of that, each level qualifies for their own rewards pool. The rewards pool is based on the total community rewards from the Multi-Minionaire program.
Example: If the community receives 100,000 USD in BMXX, the Leaders will share 10% of that in the Leaders Rewards Pool.
Leaders Rewards Pool = 10% of community rewards
Ambassador Rewards Pool = 15% of community rewards
Governor Rewards Pool = 20% of community rewards
Governors also receive 1% foundation allocation which is about 70,000 bMXX!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
So great
D.R.Dudley | Multiplier.finance:
Before we move onto the next segment, can I say something quick?
Hi everyone, do join the Multiplier telegram channel as we have many reward programs at the moment! As well as regular AMAs with prizes!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Can we also ask you one last question?
D.R.Dudley | Multiplier.finance:
sure!
💙Part 2: Question From Twitter (5 Best Question’s)
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Ok Now we will come to part 2 of today’s AMA
We’ll get to the first question on twitter
1. How do you think with Asia market? Does your team have any plan approach VIET NAM which the potential market in crypto, there have many great teams and investors want work and earn money from crypto? @auvantam1
D.R.Dudley | Multiplier.finance:
Multiplier was established in Hong Kong, and a large number of our community users are from Asia.
Vietnam has one of the most active crypto communities in Asia, and that’s why we are here today with this AMA!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
This is a very great project I think a lot of Vietnamese will love it
D.R.Dudley | Multiplier.finance:
Thank you!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
We will get to question 2
2. There we see many projects that claims they are fully Decentralized. But they done their work in a Centralized way. How can we sure that $MXX is fully Decentralized? Can you please tell us what’s $MXX working method? @airdropkaya
D.R.Dudley | Multiplier.finance:
It’s interesting that you brought up CeFi (centralized finance).
Multiplier was a CeFi lender back in early 2019, and collaborated with notable crypto firms such as Coinbase Custody.
We then transitioned into building DeFi protocols, with Simplified Stable Bonds (SSB) and TakoSwap launched 2 months ago, our next lending protocol will be released in about a month’s time.
All our protocols are audited by leading firms such as CertiK, and Bramah Systems (who audited dYdX and mStable).
Our codes are also open-sourced and verifiable by the community.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
This is a great question
Let’s go to the next question
3. As Head of Community, can you tell us what really motivated you to create this project ? And what’s the role that community plays in Multiplier Finance Neo ? @VOHAVU1
D.R.Dudley | Multiplier.finance:
As we started as a centralized lender, we are well aware of the hurdles that centralized lenders face.
We believe that DeFi is the future of finance. In CeFi, the trust is in a centralized entity, in DeFi, the trust lies in the technology.
The community plays one of the most important roles in our ecosystem. The community helps to create awareness and drive adoption towards our suite of DeFi products.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
4. Which exchanges or projects does Multiplier have established cooperative relations with? Will it reach cooperative relations with Huobi and other first-tier exchanges in the future? Can you list 1–2 cooperative projects or exchange projects? @TonL45597375
D.R.Dudley | Multiplier.finance:
MXX is listed on Uniswap and Bilaxy, and we are currently working with Bramah Systems to develop our Multi-Chain (Lend) protocol on BSC.
One of our goals for Q4 is to list on major exchanges, so do stay tuned to our announcements on that.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
5. Many new projects made a good impression at first but were suddenly abandoned. My question is, how will you manage the project and token to gain a place in the market and become a best token in the blockchain world? @okme58111039
This question is also very good
D.R.Dudley | Multiplier.finance:
Our first protocol — SSB, allows users to mint MXX tokens by depositing their collateral. The collateral can be redeemed and returned to the user at any time.
SSB contracts give a stable yield of up to 1000% APY. Some may wonder how this is possible, where is the utilization? Won’t that cause inflation?
Well, SSB is the distribution phase of MXX tokens where we “give away” MXX tokens in exchange for liquidity, to grow and form a vibrant community.
The next stage is the “utilization stage”, which is the Multi-Chain (Lend) platform on Binance Smart Chain.
Users who stake their bMXX tokens (which can be converted from MXX) into the governance pools will receive a share of platform revenue (loan origination and flash loan fees) as well as bMXX tokens.
Tokens become valuable once we have utility (unless you’re bitcoin), which will come in the form of platform fees from the Multi-Chain (Lend).
For more information on creating an SSB contract, you may refer here:
https://medium.com/@multiplierfinance/multiplier-defi-platform-in-depth-walkthrough-f35bf6a738f9
💛Part 3: Free Asking (5 Best Question’s)
Question 1👇👇
Abim Khan:
How does $MXX compare to many yield farms offering a very high APY on liquidity staking, and why would investors choose it over other yield farming opportunities?
D.R.Dudley | Multiplier.finance:
Thank you for joining my channel @themultiplierio
Our SSB platform provides stable yield of 1000% APY. The yield is stable and does not fluctuate, unlike other platforms where the APY changes daily.
Our platform also has low gas fees, and no risk of liquidation!
We accept a variety of collateral such as USDT, LEND, YFI, ETH, USDC, etc.
To learn more about SSB, you may refer to this: https://medium.com/@multiplierfinance/multiplier-defi-platform-in-depth-walkthrough-f35bf6a738f9
Question 2👇👇
D.R.Dudley | Multiplier.finance:
We came from CeFi, and we’ve been in the space for quite a while.
We continue to build multiple protocols, with our next lending protocol launching in about a month’s time.
You may view our Q4 Goals here.
Question 3👇👇
ADC:
Where Can I Buy MXX?
D.R.Dudley | Multiplier.finance:
Bilaxy and Uniswap.
Very soon, we will enable the conversion of MXX to bMXX for use on the Binance Smart Chain.
Question 4👇👇
Vô Hậu:
Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
D.R.Dudley | Multiplier.finance:
Multiplier places safety and security of users’ funds as our utmost priority. All protocols are audited, with the first protocol Simplified Stable Bonds (SSB) being audited by Certik, and Takoswap audited by Bramah Systems.
Even back when we were a CeFi Lender in 2019, we formed notable collaborations with security firms such as Coinbase Custody.
You can read up more on our collaboration with Bramah Systems here: https://medium.com/@multiplierfinance/multi-chain-lend-by-multiplier-bramah-systems-bringing-flash-loans-to-binance-smart-chain-f9f780e7a584
Question 5👇👇
Vũ Kiều Duyên:
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Your platform and keep them long term?
D.R.Dudley | Multiplier.finance:
In our previous official launch, Multiplier gave away 88 USDT to 88 lucky winners in our AMA.
Currently, we are giving away 10 bMXX guaranteed, to all users who complete 5 simple missions from the Multi-Minionaire program.
Community leaders will also have a share of the community bMXX rewards, on top of their monthly allowance of up to $4,000.
Here’s more information on our reward programs:
https://multiplierfinance.medium.com/who-wants-to-be-a-multi-minionaire-f420e6d9b9c8
https://multiplierfinance.medium.com/multiplier-community-leadership-initiative-1aca0dbf43fa
D.R.Dudley | Multiplier.finance:
I guess that’s all the 5 questions for today’s AMA?
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Ok before the end of the AMA Can you leave a message with the group?
D.R.Dudley | Multiplier.finance:
Yes!
Currently we have the Multi-Minionaire program: complete 5 missions and earn 10 bMXX guaranteed!
Secondly, we have the Community Leadership Initiative for anyone to help grow our community!
And third, we will launch our Multi-Chain (Lend) on BSC in about a month! If you missed out on Aave, don’t miss Aave fork on Binance Smart Chain!
Thank you everyone!
Thank you everyone!
For any new questions, please join @themultiplierio, you may ask your questions in vietnamese and our friendly admin will google translate to assist you!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Thank you for joining our group. I think this is a very cool project where we can earn BMXX while playing a game. Everyone can participate and invest
📡Community Multiplier Finance :
Twitter: https://twitter.com/MultiplierMXX?s=09
Website: https://multiplier.finance/
MB BC BLOCKCHAIN Community Information:
Group telegram: https://t.me/Mbbcblockchaincrews
Channel telegram: https://t.me/MBBCBLOCKCHAINCHANNEL
Twitter: https://twitter.com/mbbcblockchain