Recap AMA CryptoVN x Spherium Finance
Time: 12:00 PM UTC – June 10, 2021
The ama session will have 3 parts:
?1. Introduction/Questions from CryptoVN Team
?2. Answer question from Twitter
?3. Live AMA
PART 1:
Host:
Q1: Can you introduce yourself and the project a little bit?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
I am Aanchal Thakur, Deputy CEO and Co founder of Spherium Finance
I have been in the IT industry as functional consultant for about 13 years now. My experience has been in Banking, Finance, Cards and Blockchain industry.
I have also been involved in strategy and compliances side of things for multiple blockchain projects. I have been in Blockchain industry for over 4 years now and it has been an amazing journey.
By qualification, I am a Chartered accountant, Information system auditor and Blockchain Expert (Functional)
Spherium Finance is Mobile first Cross chain interoperable platform which will provide multiple DeFi products on One platform.
We are building on BSC and Ethereum and layer 2 will be built on Polygon.
Users will get the option to use AMM and lending solutions, on BSC and Ethereum on the same platform and will need only single token(SPHRI) for getting all the benefits that various DeFi products on offer at Spherium.
Host:
Q2: Can you tell the community some of the Spherium Finance achievements?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We recently got top 3 position in Binance smart chain South East Asia Hackathon
Our first product, Hyperswap, which is cross chain interoperable AMM is ready for launch(being audited right now).
It is built on BSC and Ethereum
Spherium platform token (SPHRI) is also launching on 16th June with Triple IDO + IEO.
We have a long development schedule and our milestones are all set. In the next 2 quarters, we will launch our mobile application, layer 2 solution on Polygon, staking and also SphereComp, which is lending solution, for our users.
Host:
Q3: Can you share Spherium Financeroadmap?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
Sure.. detailed roadmap is available.on our website
www.spherium.finance
But next on our roadmap is to launch, Hyperswap, which is world’s first cross chain interoperable AMM/Dex on BSC and Ethereum.
In next 2 quarters, we will launch SphereComp, which will be world’s first cross chain interoperable Lending solution
We will also launch staking platform, Mobile wallet(yes, Spherium platform will be available on Mobile and pc) and layer 2 will be built.on polygon, so reduce transaction costs on Ethereum
PART 2:
- @channguyen2000
In the near future, your project will be ido on two platforms, BSCPad and PantaLaunch. While the market is very bad and along with the impact of covid, are you confident that ido in this moment will help investors have profit?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We actually delayed our token launch due to market conditions.
We are very confident that our project will get good traction from users, but we did not want to launch at a time, when investors lose out on their investment portfolio due to fall in Bitcoin price.
Now, it seems that market has stabilised to an extent. Also, good projects will always have good token value.
For investors in our token, we would like to say that, rest assured, we are working very hard on the product and with each new feature in platform, token price will also increase since the demand will increase for SPHRI
2.@antoan2006y
As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the SpheriumFinance platfrom?How to ensure the safety of customer assets?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We are vey much concerned about platform security. We are getting every smart contract audited. Quillhash published their audit report for audit of Smart contracts today. We are also engaging Peckshield and Halborn for audits, so as to ensure that our platform is secure.
It is very important for us to keep our platform safe, so will continue to get our platform audited and also the smart contracts
- @tranvanxoa
Covid epidemic is very complicated right now so does covid affect the development of your project much? and prove that your project is a long term development project so we have a better understanding about SpheriumFinance
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
COViD pandemic is really very bad, it did hurt the family members of our team as well.
But, to be honest, we realised during this period that complete virtual work and build is possible. Now, our team is globally dispersed, we are building product, marketing it, listing token etc from our home offices. And it is working well
We have a long term project with a lot of features and products to be added in the next 1 year. And we are confident now, that our product development will continue whether pandemic is there or not
- @duytoico
Could you please us the motivation and benefits for long-term holders? Please share your plans to help drive the demand and scarcity for the token in circulation. Do you have any listing plan on other top crypto exchanges in the future?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We would rather have long term holders for token only. Reason being, our platform will be huge.
Hyperswap is just the first product.
That too is being brought on BsC and Ethereum right now.
We will add support to more blockchains, making it a real cross chain compatible AMM/DEX.
Lending and borrowing platform will be after this. We are also exploring option of bringing a launchpad. And all these products, will be powered by SPHRI token.
SPHRI token is right now being brought in ERC20 and BEP20 formats. Later, you will see a cross chain token as well.
So, with increase in utility, the token demand will increase as well. We can’t share details of listing right now.
But yes we have plans to list on DEX and centralised exchanges. You should follows our anouncement channel to know more
- @bungangu5
Communities are very important for the development and spread of projects. Will you build communities that add value to the SpheriumFinance ? Are you open to different and creative ideas?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
Yes, sure.
If you have any creative ideas to build community, please reach out directly to me.
We are very community focused and open to suggestions.
We have a global channel with 18k + followers, one Korean channel and a Turkish channel as well.
We want people from all over the world ro support the project and help in improving the product. We want to build what you all will use.
PART 3:
- @cr7ronaldocristianocr7
Do you plan to develop local language communities? Does your project need ambassadors or volunteers?
What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We have English, Korean and Turkish communities. We have Chinese counterpart as well.
We will roll out ambassador program in future. Liquidity, we will add ourselves first and we are inviting projects to add more liquidity as well.
We are also in discussions for partnerships in this regard.
Also, we will provide lot of rewards for LPs and intial traders on our platfofm
- @ZoeThorton
Although ETH 2.0 is delayed to next year, but it will solve all exist problem of ETH and become the best choise for dApps in future, so do you think this is a threat for your project and how could you overcome this barrier?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
I don’t understand this.
We are built on Ethereum and Binance smart chain, we will add more chains in future. So blockchains are not a threat to us
- @MiguelinaColley
I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
Yes, we have a bug country and we are inviting hackers and crackers to test.
You can contact me(send me a DM) with your credentials and proposal
- @AgnesWilks
Can you tell us a bit more about the agnostic approach for DeFi you guys are taking, and what chains are you supporting right now?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
We are supporting Ethereum and BSC right now.
We will add support to Polygon in next 3 months and will add more blockchains as well.
Our plan is to make Spherium a truly cross chain interoperable platform
- @bitboyss
The DeFi field is full of many projects, all of which provide functions such as lending, staking, and liquidity on multiple platforms. As we all know, marketing is essential for every project. What strategy do you plan to this project to attract more users?
Aanchal Thakur – Deputy CEO and Co founder of Spherium Finance
No project provides lending, borrowing, staking and swap in one platform.
No other project supports multiple blockchains.
But yes, marketing is essential, so we have our in-house team of marketers and content creators plus we are also taking help from professional PR firms to handle our project marketing.
We also belive a lot in partnerships to create a wholesome ecosystem
? Spherium Finance AMA winners:
Twitter segment:
- @channguyen2000
- .@antoan2006y
- @tranvanxoa
- @duytoico
- @bungangu5
Live asking segment:
- @cr7ronaldocristianocr7
- @ZoeThorton
- @MiguelinaColley
- @AgnesWilks
- @bitboyss
