Recap AMA CryptoVN x PoFi Network

We are pleased to announce the next ama: CRYPTOVN X PoFi Network

⏰ Time: 20:00 PM (UTC+7) September 04, 2020.
The ama session will have 3 parts:
? 1. Introduction
? 2. Answer question from Twitter: Drop your question here
(https://twitter.com/Cryptovietnamvn/status/1301692368333099009)? 3. Free asking from community

? Total prizes: $100

PoFi Network is a hybrid blockchain built for DeFi. It is transparent like public and highly secured like the private blockchains.

 

Part 1: Introduction

Host: 

Hello @ciawilliams

Welcome to CryptoVN community ?

The ama session will have 3 parts:
? 1. Introduction
? 2. Answer 5 questions from Twitter: https://twitter.com/Cryptovietnamvn/status/1301692368333099009
? 3. Free asking from community

Cia Williams – CMO PoFi Network:

Thank you 🙂

Host: 

Are you ready for part 1?

Cia Williams – CMO PoFi Network:

Yes..I am

Host: 

1. Can you introduce yourself and your role in PoFi Network?

Cia Williams – CMO PoFi Network:

Sure! Hello guys, I’m Cia Williams. I’m CMO of PoFi Network. I’m a finance professional with experience in industries such as banking, wholesale manufacturing and insurance. I’m self taught on Oracle Financials and have proven track record of efficient sales growth for our company. I used to live in Boston and worked over 7 years as Business Analyst and currently living in Paris. I’ve been in Cryptos for more than 3 years and now I’m here to help PoFi Network implement their goal to develop Hybrid Blockchain for DeFi.

Host: 

Thank you for great answer

Last question for part 1

2. Can you give a brief introduction to the PoFi Network project?

Cia Williams – CMO PoFi Network:

Yes.. Well, PoFi Network aims to be the first-to-market Hybrid Blockchain that is specially made for DeFi. To build financial smart contracts, DApps and also provide an interface for the developers to re-use the financial smart contracts to build their own DApps on PoFi Chain in the form of components by using POFI tokens. PoFi Network has various products that will be built on it.

Host: 

Thank you for the great introduction. ?

Guys don’t forget join PoFi Network telegram group: https://t.me/PoFiNetworkOfficial

Cia Williams – CMO PoFi Network:

You are welcome

Host: 

We will have quick AMA

Next we will go to part 2

Cia Williams – CMO PoFi Network:

Sure! Let’s goo

Part 2: Answer questions from Twitter

 

AnHost: swer 5 questions from Twitter

I will post all 5 questions at once ??

Cia Williams – CMO PoFi Network:

Sure! It would be great! I can answer them together and it will be perfect

Host: 

1. @Malod352
Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value POFI Network aim to add to crypto industry that will bring greater abundance to the industry?

2. @HunterCrypto5
PoFi network aims to solves the scalability issue of the existing public blockchains. But PoFi network build under Ethereum Network which has scalability issue now. How can PoFi Network solve this problem? Will PoFi have own Network in near future?

3. @thanhhoai91
How does POFI token work in the in your ecosystem, what function does it perform, and why should investors choose your coin for investment in the long run?

4. @sridhar_naini
What is the purpose of POFI token? Is there a POFI Staking program to encourage investor to hold token for lon gterm? How does this mechanism work? And how do we participate in the staking plan?

5. @cryptoboy237
Now the biggest challenges for DeFi are in addressing scalability & high gas fees which can ruin some business models! How are you going to deal with this problem? Can PoFi Network provide greater scalability and lower gas fees?

Cia Williams – CMO PoFi Network:

1. Yes, what you told is right. There are many crypto projects are built just for the sole purpose of amassing wealth for themselves.
But, PoFi Network is completely different. We are for community, we aim to build DeFi for community. We provide rewards for community and help them make money while holding POFI tokens. ? I’m just being true! Because investors think about short term returns as well as long term returns. We are building best Hybrid Blockchain ever for DeFi. We are solving all the issues of Ethereum Blockchain and providing an efficient platform for DeFi. We adding value to Crypto industry by giving the best DeFi being built on PoFi Chain by PoFi Network. We are having our token sale real soon. Stay tuned to our telegram channel.

2. We are not built under Ethereum Network. We are having our own chain, PoFi Chain, it is a Hybrid Blockchain for DeFi. We will definitely have our own network in near future.

3. We provide lots of rewards. We want our community that means token holders to get benefited both in long and short runs.
POFI token is both Utility and Governance token.
You can use our token to use any Dapp on PoFi Network. Even PoFi Wallet, PoFi Swap, PoFi Finance and everything. You will be rewarded liquidity mining incentives in PoFi Swap and Lending interest in PoFi Finance and staking rewards as a node validator in PoFi chain. For every activity you do, you will be rewarded. So that’s why investors will choose our coin, who doesnt love rewards and extra money just by holding tokens ?

4. POFI token is both Utility and governance token. We use proof of stake as our consensus mechanism, so you can receive staking rewards for being a node validator. Orelse we have PoFi Swap where you can stake your tokens and provide liquidity for which you receive liquidity incentive mining rewards, you can also lend your assets in PoFi Finance where you receive lending interest reward. You can also use it as governance token to decide what assets to be supported by PoFi Swap and PoFi Finance. Each vote costs one POFI token. So, as there are many rewards and uses with POFI token, it makes user to hold for longer term. We are making world a better place with efficient DeFi on PoFi Network.

5. PoFi Network as a Hybrid Blockchain aims to remove all the issues of the Ethereum blockchain. As you said the biggest challenges for DeFi are scalability and high gas fees. We are solving it and coming to gas fees it is totally Free to make any transaction on PoFi chain. We can provide everything that the present DeFi can’t provide. That’s the reason. We are the first in market and best platform who are built for efficient DeFi.

Host: 

Wow, that was a good preparation! ?

Thank you for great answers @ciawilliams

Cia Williams – CMO PoFi Network:

It’s just sharing knowledge and being informative ?

Host: 

We will go to part 3 – Free asking from community

Cia Williams – CMO PoFi Network:

Sure! Let’s goo

Host: 

I will open chat in 3 mins and people drop they questions here

Cia Williams – CMO PoFi Network:

Lets goo!

Host: 

You can choice top 5 best questions to answer it

Go

 

Part 3: Free asking from community

1. @Nstilavilu – telegram user

As You know, Many people judge a Project By the Token price, What do you have to Say to investors? What’s the plan to increase the Token Demand?

Cia Williams – CMO PoFi Network:

The token price will be increased when there is low supply and more demand. PoFi Network is a community driven project. So we always aim to benefit our token holders. We provide various rewards like liquidity incentive mining, Staking rewards, lending interest rewards etc. So just by holding tokens, one can earn more rewards. So when you are earning rewards, no one wants to sell it. So there is low supply and thus, there is higher demand, so there is increase in price. We have many marketing strategies for prices. So, investor need not worry about the prices. It’s our responsibility to add value to our token holders ?

2. @armahes – telegram user

Do you have planning to promote your project in different countries, where English is not good? Do you have a local community for them to better understand your project?

Cia Williams – CMO PoFi Network

Yes, we have implemented Global Ambassadorial Program. If you want to participate, you can apply as well. We already have various communities throughout the globe in non-English countries. So, our project have lots of demand in different countries as well ?

3. @jobel4 – telegram user

What is the main product or services that Pofi Network is focusing on?As a CMO and a reliable source of your platform, how will you introduce and recommend Pofi Chain to some people who have less knowledge about crypto and blockchain?

Cia Williams – CMO PoFi Network

First, let me tell about PoFi Chain who have no knowledge or less knowledge about crypto or Blockchain.
If you are new to Cryptos and Blockchain. Then you already would have known about Ethereum Blockchain. So, even to buy a token or to do any transaction you need to pay lots of transaction fees and it is so slow.
PoFi Chain is a new Hybrid Blockchain where you don’t need to pay anything for token transfers and it is super fast when compared to the Blockchain you already know ?
There are many products like PoFi wallet, PoFi Swap, PoFi Finance etc.. take a look at our whitepaper or website for more information ?

4. @Javendis – telegram user

there are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt… This leaded their potential startups fail. So how will
You break these barriers and attract more funds from outside crypto SPACE

Cia Williams – CMO PoFi Network

A very good question. We are having potential investors backing us, influencers promoting us for public sale, we plan to increase more rewards if you participate in sale because we value our early token holders, How about IEO? ?

So there is no worries about our tokensale and price rise ?

5. @Kyosang – telegram user

If anybody thinks your project really likes a scam project, and they can’t trust this project. How do you make them believe in your project?

Cia Williams – CMO PoFi Network
As an investor, all you need is returns and rewards. With us being on the board, you don’t need to worry about the price or the investment. We are fully bonded with great backers and influencers along our project and an CEX to trust us. We are developing product, check our GitHub https://github.com/PoFi-Network
No scam project develops product, wants to be notified by influencers and potential investors because that would be a problem for them..but we are open to the world, doing many AMAs just to spread knowledge about PoFi network and how we are gonna change Crypto Industry. Do your own research and join us if you like our Idea, DeFi and Good returns ?

Host:

Thank you for the very detailed answers. @ciawilliams ?
Hope everyone takes the time to read it, learn about PoFi Network and make the right investment decision.

Thank you for joining the AMA with our community today

Guys don’t forget join PoFi Network telegram group: https://t.me/PoFiNetworkOfficial and https://t.me/PoFiNetworkAnn

NO JOIN – NO REWARD

Cia Williams – CMO PoFi Network

You are welcome. Join us for availing rewards and join our token sale for more Bonus and rewards ?

Sorry for not being able to answer all your questions. Please DM me if you have more questions ??

 

List winners AMA

Part 2:

1. @Malod352

2. @HunterCrypto5

3. @thanhhoai91

4. @sridhar_naini

5. @cryptoboy237

 

Part 3:

1. @Nstilavilu

2. @armahes

3. @jobel4

4. @Javendis

5. @Kyosang