AMA Recap GreatDrop with WYNAUT MONEY
Hello GreatDrop community,
On 17th February 2021, at 01:00 PM UTC (20:00 WIB), we just successfully hosted our 23rd AMA’s with WYNAUT MONEY, the Reflect token on the Binance Smart Chain.
With our guest from the WYNAUT MONEY team:
- PREFIXRT, WYNAUT team
- calprut, WYNAUT team
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
Would you like to share with everyone a quick introduction about yourself as well as a quick overview about Wynaut?
~PREFIXRT
Wynaut is a BEP20 token of Binance Smart Chain which is deflationary means on each transaction 3.8% get taxed in which 1.8% get permanently burned from the total supply and the rest of them distributes back to its current holders (proportionally).
The token had no presale or ICO, we initially provided some liquidity for our own which LP the token is forever locked (burned).
I’m a blockchain developer and working on the farms and future contracts and integrations.
We will have many features release planned once the farming is being released.
~calprut
The rest of them distributes back to its current holders (proportionally). PS: you don't need to stake, you only need to hold it in your wallet.
Q1. What is Wynaut? And how is the story behind the Wynaut creation?
~PREFIXRT
Wynaut is a Pokemon character, we had some other suggestions for
naming and finally, WynautDEV has come up with this name.
It was started as a meme but we’re taking the development part
seriously.
Additionally, we’re looking for future partnerships and listing on different CEX or DEX.
~calprut
For the question of whether Wynaut may have been answered by a prefix.
The story behind the creation of Wynaut is a bit unique.
Wynaut Dev (we call it that) wants to create something that is true for the community, it has nothing to do with the company. Everything is made by the community, for the community.
To avoid rugpull, Wynaut Dev burned LP worth 1 BNB for the first liquidity, so that the market will stay alive forever.
In fact, we didn’t mine any tokens at all. All strength goes to the community. All developers, web developers, meme designers, marketers, even myself come from that community.
Q2. What is so exciting about Wynaut, which might make Wynaut different from all other projects out there?
~calprut
The deflationary process will make the coins more worthy. and again, if you browse Wynaut is the hardest pokemon to kill (joke). This project always does Poll Vote before doing anything. So who drag the project is the community itself. Truly decentralized!!!
Q3. Please tell us more about $Wynaut token! What utilities does the token have, and what benefits will tokens holders get?
~PREFIXRT
Wynaut is relatively a new project, as a starter, the holders of the token get
rewarded by simply holding from other transactions. We’re planning to bring more utilities to the project through Farming, Lottery, NFT, and much more.
We do conduct voting before making any decision being a truly community-driven project.
Q4. At the moment, what is Wynaut focusing on? Building and developing products, getting customers and users, or partnerships?
~PREFIXRT
At the moment we’re focusing on the development part. Hopefully, the farm development will be soon finished with some testing soon.
Our main focus is on development, it could get this done it’d drive many users and projects will be more interested in doing collaborations and partnership with us.
~calprut
Growing the best community on BSC is the main focus now. done 👍
Q5. what’s next to come in Wynaut, what can we expect?
~calprut
Farming Meowth token will be alive today, less than 9 hours from now. By staking Wynaut BNB/BUSD, or Meowth single staking to earn Meowth.
For the next plan, we will bring a lot of features.
Lottery, NFTs, and a lot of crazy ideas. All of it can be purchased with Wynaut or Meowth.
Questions asked on Twitter for WYNAUT MONEY team
Q1 from @thihuyen93
I would love to stake $WYNAUT, how does Staking work, what’s the minimum amount of $WYNAUT I need to stake, the prospective annual returns, and anymore information I need to know?
~calprut
You don't need to stake, only hold/save your $WYNAUT in your wallet and it will automatically grow. No minimum amount to be held.
1.8% from a transaction proportionally divided to all holders.
Q2 from @Prettyboy071
How is Wynaut developing? How do you retain users and attract new users to your platform?
~PREFIXRT
We do work on the development part, the project itself is much more interesting than other projects around we didn’t conduct that marketing stuffs either. However, there would be farming soon which will attract many new users.
Q3 from @cauvova1
COMMUNITIES gives a project a strong base, what are your plans on -Global expansion and adoption with Wynaut Money? Will $WYNAUT holders be allowed to partake in the governance of this project?
~PREFIXRT
Wynaut is a community first, we’re constantly looking for expanding this project.
Like applying for listing. There would be a governance mechanism in the future so the holders of the token could vote for future proposals and improvements.
Q4 from @Ontortk
From your Twitter: no one can buy more than 1% of the supply. Why this restriction? What are the benefits?
~calprut
It was to avoid the mega buys of whales, so fair for everyone.
Since we wanted a fair launch, we placed this restriction to avoid a couple of people grabbing the majority of the supply.
So that, they should have to do multiple transactions to get to the desired point.
Everyone had a fair chance to acquire Wynaut at a very low price for several hours as no one could buy more than 1% of the supply in one transaction which was approx. 300000 MAX Wynauts per transaction at the beginning.
No presale, no mint token for the dev or marketing. 100% community Owned
Q5 from @thihuyen93
All project coins have their main Utilities & real-life use! So, Can you tell us what are the main role of $WYNAUT in your ecosystem? Explain its Utilities & Real-Life usecases? and Why should i invest in $WYNAUT for long term?
~PREFIXRT
Wynaut has started as a simple fun project, but it’s no more we’re getting more investors who are more willing to project. It’s a true community-driven project. As for utilities we’re looking for all the possible ways the users could utilize the Wynaut, it may take time but certain.
Questions asked by our GreatDrop community members during live Session to WYNAUT MONEY team
Q1 from @shuvoapon5
Your project looks good but it confuses me that there are so many other BSC project. What should I pay attention in Your project to give it the importance it deserves? What are your planning to achieve with your project? I am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one? What is your coin advantage that can convince me to change from my favorite token?
~calprut
It's 100% no rugpull. from the very beginning, the creator burns the pcs (pancakeswap) LP to make the market alive forever. it's not my project, it's OUR project. WE (community) decide every direction that we will take together by voting polls. Like we talked about before, the advantage is the deflationary tokens that will be more and more valuable. Besides that, you can have all the interesting features (in the future) by holding or using the coin itself.👍
~PREFIXRT
There are literally thousands of projects on BSC but what makes it different is it’s a unique mechanism. It’s a truly deflationary token with no presale or ICO.
We’re constantly working to bring more utility to the project.
As we’re working on the farming now, but that just the beginning.
Q2 from @btcltcrich
You said that Farming is launching soon to attract more users. If you want to attract a lot of users, of course the APY must be high to do agriculture. Then, how much APY do you give to users later?
Total supply at launch was 36,000,000 units. inventories have decreased nearly 15% at 31,979,108.652582 Wynaut. Why is Supply Total Supply decreasing? Will supply continue to decline in the future?
“No presale, no mint token for the dev or marketing. 100% community Owned” If the token is fully owned by the community. Dev and marketing do not have an allocation in supply, how will the team get the revenue and also how to promote the project if there is no allocation? Is using the team’s personal funds?
~PREFIXRT
We’re launching the farm soon, The APY would be a reason to attract more users. On every transaction, there’s 1.8% of the token gets burned forever which reduces the total supply. For the sustainability of the platform few percent from farms will be allocated for maintenance and future improvements.
Q3 from @semuniyanson12
Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
~calprut
YES YES YES, the token holders have the right to participate in the voting poll. We always collect the ideas from members, then we are doing vote.
Ideas that have been chosen by the community will be developed immediately.
For example, farming which will be launched soon is an idea from the community. Team rocket Finance, inspired by Teamrocket in Pokemon who is always together in the worst situations. It was also the idea of one of the members of our community and got the biggest poll votes.
Furthermore, there are various ideas such as exclusive NFTs that can be purchased for burning as much as $WYNAUT / $MEOWTH.
In fact, our community has had a music OST since it was first launched.
So, if the community wants something, the majority vote will determine the direction of the WYNAUT project itself.
Q4 from @Michaelmay
Why did Wynaut team prefer Binance chain network instead of ERC20? Recently, there have been many #BSC projects making NFTs for Stake, Farming, and More. Will the Wynaut Team make NFTs in the future?
~PREFIXRT
We preferred BSC for its cheaper fees and faster transaction.
If you’re trying to send any ERC20 token on the Ethereum network
it’ll probably take you few bucks which in fact more than the token's value.
But BSC solves this problem while being fully compatible with EVM means any projects willing to migrate could easily do so without any troubles.
We’re currently working on the farming and will look for NFT’s which will
be airdropped and could be used for different purposes.
Q5 from @thienzoro1
It seems that you are not fluent in English, the common language of the world? So, what way do you have to build a project this big? And whether it is difficult to not know English? What about your national community? Doesn’t it have English?
~calprut
This is the most interesting question I found.
Yes, I am from Indonesia, and my English is not that good 😂
If you ask the way how to build the project, it's OUR project, so you can join and help me out. We reached almost 1400 members in 4 days, and I am sure all of them are ready to help me.
So the point is, this is OUR COMMUNITY, WE WILL BUILD THIS TOGETHER, WE ARE SAME. No company, no leader, all same. The only PURE community project on BSC.
Closing words from our guest to GreatDrop Community
~PREFIXRT
Thanks for having us, we appreciate all the questions being asked from the community.
I’m seeing a lot of Wynauts from here will be joining us on the journey.
Wynaut is a truly community-driven project!!
See you later everyone.
~calprut
Don't forget to JOIN US, let's make the best and the strongest community around the BSC world. 👍
Here are some important links of WYNAUT MONEY
WEBSITE: https://wynaut.money/
TWITTER: https://twitter.com/wynautmoney
TELEGRAM GROUP: https://t.me/wynautmoney
TELEGRAM ANN: https://t.me/wynautAnn
MEDIUM: https://wynautmoney.medium.com/
SMARTCONTRACT: https://bscscan.com/token/0x067a5ad3f0f91acf512ffe66ea77f37b4dcaaf18
