AMA Recap GreatDrop with Vox Finance
Hello, GreatDrop community
We recently hosted our First AMA with Vox Finance, on October 27th, at 01.00 PM UTC (20.00 WIB) with our guest from the Vox Finance team :
- Jure, Co-Founder & Software Engineer, and
- Luka, Co-Founder & Blockchain Engineer.
Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.
Introduction Questions Asked By GreatDrop Team
Q1: Can you introduce yourselves and your backgrounds?
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 past.
I’ve been a crypto-enthusiast since 2016 when I started with a crypto mining farm. Since then I’ve been a blockchain programmer starting on my own and I’ve since worked on contracts for companies and institutions. We teamed up with my colleague to create something new in the DeFi space.
I am software engineer for Vox Finance. I have been developer for my whole life working for various different tech companies. I joined crypto world in around 2015 and I am very happy with that decision. I see a lot of potential and can hopefully make DeFi grow even more!
Q2: Could you please introduce VOX Finance to our community in simple term?
We are yield farming, staking platform. Our name comes from latin word “Vox Populi” which means voice of the people. We want the community to help shape VOX token so we give voting rights to everyone holding our token.
We want to bring the best possible DeFi platform to the public with good tokenomics, community governance and many more features down the line.
Q3: Can you explain in more detail about the burn rate: 2% per transaction? what is it using for?
The 2,0 % burn rate is active on all transfers with our token except the transfers with the master contract.
This allows people staking/unstaking VOX to not use their staked amount when using our staking pool
Q4: Vox Finance announced recently a partnership with JustLiquidity. What is the value of this partnership?
What new developments we can see in upcoming days?
Yes, we just announced our partnership with JustLiquidity.
This partnership will allow us to provide cross-chain swaps and liquidity between Ethereum and BSC, for lower fees and faster transactions.
It will allow us to get a bigger audience, provide better services and expand with our project.
The total amount of VOX will remain the same, the value of both tokens will be tied 1:1 and users will be able to switch between both blockchains easily and fast.
It’s the next step toward building our product. Soon, we will launch our governance platform and private staking pools.
Q5: Can you describe the top milestones you have achieved? and share about your road map? Is it in accordance with what you are developing now?
Yes, I can speak about our accomplishments. We launched one week and a half ago and we already have a very big audience! We’ve successfully launched a staking and yield-farming platform and have made the partnership with JustLiquidity.
If you are interested, here is our roadmap:
We’re already faster than our schedule :) and will bring many more exciting things soon!
Questions Asked on Twitter For Vox Finance Team
Q1 From @Diamondsvietnam
I read that Vox Finance is “seeking to bring an innovative approach to the new emerging market”. What do you mean by innovative approach. What kind of innovation VOX development team will introduce/bring to DeFi?
We’re bringing a lot of innovations to the DeFi sphere. First is our clean and modern approach to the platform, attracting more serious investors. Second is our approach to the community. we want every person to be a part of our platform. We’ve also got a unique tokenomics model and more.
We’re also one of the first yield farming projects to offer services on more than one blockchain. And we’ve only started one week ago.
We have a lot of things still coming. like the vault strategies, stablecoin platform, mobile application, and so on
Q2 from @masteryi1976
Is there any possible way regular users like me participate on the $VOX staking program?
What is the requirements to join $VOX staking program?
Great question. Any user can join the staking platform! Even if you have a little amount, you can stake your tokens for any period. There is no locking time, no withdrawal fees, no hidden secrets.
Anyone can participate and anyone will be able to join the governance platform.
Q3 From @Ksalom95
You say that you will increase the% bonus for developers when “the token has had time to grow and the community that surrounds it becomes more mature”, but what do you really mean by making it a more “MATURE” community? And how long do they stipulate in which they take place?
The percentage bonus for developers will not increase as time goes on. We will keep it the same or lower, depending on the size of the project. Our platform will be “mature” once we have a big enough community in the governance forum so that decisions and execution of decisions can happen without the help of the developers. It will take some time to get there but that is our goal.
Q4 From @Rosanela08
The mobile app of Vox is scheduled to be launched in February next year, what will be the use of $VOX token until then, and what are the benefits for early investors that would attract the community to participate in the pre-sale?
The $VOX token is our native token and you need it to access our platform and soon our governance platform. Our ecosystem can not exist without it. The benefits of early investors is that they can participate in liquidity pools and the staking pool that pay out very high rewards to investors. You will also be soon able to access even more pools and vote on changes to the platform!
Q5 from @rivaills14
With the governance token Populi, which we will collect when depositing VOX to the VOX staking pool, what privileges will we benefit from the ecosystem and does having Populi bring additional staking rewards?
The POPULI token will bring you three advantages: access to exclusive staking pools, access to the voting platform and access to the governance forum where all stakeholders will be able to discuss and share ideas about new proposals and changes to the protocol.
POPULI will also allow you to get better fees and bonuses when staking in our vaults, which will launch in November.
Questions Asked by our GreatDrop Community Members during live Session to Vox Finance Team
Q1 from @Lady_luck2
What’s your plan for building an active and global Vox Finance community? How can communities help you at this stage?
Each member of every community can help us by sharing the project between the people they know. We’re building communities in all the corners of the world to promote our project and we help them build an audience. We’re paying contributors with rewards for their work — create a post, video, share an idea. whatever way you can contribute is how we can prosper as a group.
Q2 from @Paula9999
Are you planning to burn or buy back any tokens from the market in the future? Do you have such programs?
We don’t plan to buy back any tokens — we’ve got a very low token supply and even lower circulating supply. This allows us to not have a high inflation. We’ve also activated a 2,0 % burn rate on transactions to even more help with lowering the supply. It’s working out very well since the launch.
Q3 from @KorbanEstimasi
After we connect our wallet, do you have the right to access our wallet? do you save our data?
No, after you connect your wallet to our platform we do not have access to your assets in the wallet. We, the platform, has never access to your assets as they are located on the blockchain and your wallet is only used to access the tokens you have.
Q4 from @asalas95
What kind of decisions will POPULI holders be able to make within the Vox Finance platform? Will they be only economic decisions or will they be able to decide in other areas as well?
No, the decisions will not only be economic or monetary. The decisions they will decide will also shape the future of the platform. We will vote on the design, promotion, distribution and all aspects of the project. It will be very interesting!
Q5 from @hoyouno
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Thank you Dj for the question. Our motivation to build this project was to create a truly modern and high-quality platform for yield-farming, staking, and all other aspects of DeFi. We don’t mention any food, vegetables, or fruit in our name. We want to be the first truly known DeFi platform built by capable developers and no bad intentions. We are here to stay and we are here to grow.
Here are some important links of Vox Finance: