RECAP AMA CRYPTOVN x VESTA PROTOCOL

 

 

 

 

 

 

 

 

 

 

Host:

AMA will have 3 part
Part 1: Introduction
Part 2: Answer 5 question from Spreadsheet
Part 3: Quiz

Host:

Can you introduce yourself and Vesta Protocol?

Rexx_Dillon – COO Vesta Protocol:

Hello there

I’m Rexx, COO of Vesta Protocol

And our CEO, Johnny

Johnny – CEO Vesta Protocol:

Hi guys, I’m Johnny

Thank you Rexx

Rexx_Dillon – COO Vesta Protocol:

Well, let me just say what Vesta is

We are a liqduidity provider for UniSwap. We pay daily ETH payouts of 5% of the liquidity pool. And we burn equal number of Vesta tokens each day

basically, many tokens dont have enough liqduity to trade. So, our platform solves that problem and pays people for contributing their tokens for liquidity

Are most of the people here from Vietname, correct?

Johnny – CEO Vesta Protocol:

Yup, Vesta Protocol is a liquidity passive income generation protocol which aims to improve the ROI for each liquidity maker.

Host:

Great Introduction ? Let’s see what Vesta can do

Johnny – CEO Vesta Protocol:

We can provide this solution to more ERC20 tokens using a smart contract solution and acting as an valuable administrative liquidity partner.

Rexx_Dillon – COO Vesta Protocol:

Yes, our platform is next generation. Using all smart contracts for key operations

I’ve been to Vietname before. HCM City, Danang, Hoi An, Da Lat….some crazy motorcycle trips years ago haha

Host:

Wow =)) Awesome

Traffic in Vietnam will surprise you ?

OK Let’s go to part 2

Vesta team will anser 5 question from Google form

Are you ready? @Rexx_Dillon @JohnnyKane

Rexx_Dillon – COO Vesta Protocol:

ok sure

Johnny. did you want to take the first one?

Johnny – CEO Vesta Protocol:

sure

Rexx_Dillon – COO Vesta Protocol:

maybe post the question and then the answer too

Host:

Q1: What plans do you have to help drive demand and scarcity for the token?

Johnny – CEO Vesta Protocol:

So basically, the demand will of token will be stimulated by our token mechanism

5% of ETH will be awarded to top 50 liquidity provider each day.

Same value of Vesta will be burned daily.

Rexx_Dillon – COO Vesta Protocol:

ya, that’s a big payout each day

Have a look at our liquidity contribution mechanism diagram guys

Host:

Wow, it’s will push Vesta to the moon ?

Rexx_Dillon – COO Vesta Protocol:

Can you guys translate the chart, too? haha

Johnny – CEO Vesta Protocol:

That’s the core concept. We also have external liquidity algorithm.

LOL

Host:

?? Maybe Our trading advisor can do it

Rexx_Dillon – COO Vesta Protocol:
exactly. We want Vesta holders to be rewarded for provided liquidity. Right now everyone needs liquidity. So, people should get good rewards

Johnny – CEO Vesta Protocol:

So when the black swan event happens, the 8% of ETH and Vesta reserve will be used to buy Vesta with ETH or sell Vesta to balance the price

Rexx_Dillon – COO Vesta Protocol:

I think the Admins will translate the chart and share it later so people can read it in their own time. A chart is a good way to really understand a concpet

Host:

Don’t forget can join Vesta group: https://t.me/vtp_network

Rexx_Dillon – COO Vesta Protocol:

good idea

Host:

Q2 What is the core features of VESTA PROTOCOL ecosystem and technical advantage? Why should we have trust in #VestaProtocol technology and buying $VESTA in the next presale ?

Rexx_Dillon – COO Vesta Protocol:

ok. let me take this one

Johnny – CEO Vesta Protocol:

Awesome

Rexx_Dillon – COO Vesta Protocol:

That’s a good question. Everyone is concerned about security.

Our entire process runs on smart contract, which is different from other liquidity provider projects

Our Presale runs entirely on smart contract. The total number of Vesta tokens is decided by the Presale and using smart contract. Funds are automatically locked on UniSwap using smart contract. The daily ETH payout and Vesta token burn is done by smart contract. And our automatic trading algorithm smooths the price of Vesta automatically to protect against black swan events.

So, we are much more secure than other projects because we use smart contracts smartly!

Johnny – CEO Vesta Protocol:

All on the smart contract, where no trust is required.,

Host:
That’s good ??

Q3. Vesta Protocol said will give big rewards to users who inject into the fund pool and provide liquidity. What function does the capital pool perform? Also; is there any tutorial on how I can inject funds into the pool so that I can benefit from this amazing opportunity?

Johnny – CEO Vesta Protocol:

So Vesta is more like an experiment

It proves that the liquidity can be stimulated by external incentive.

Users just need to stake Vesta via Vesta Protocol, then they will be qualified for the passive income.

It will be really easy, just like providing liquidity via SUniSwap.

Host:

Thank you for great answer

next question

Q.4 Truly; you’ve done AMA in many telegram groups; so what next; what other way will you make Vesta Protocol more popular?

Rexx_Dillon – COO Vesta Protocol:

ok i’ll take this one

We have many marketing events planned. We will be launching a bounty program later this week. We will also be holding Telegram sticker competition.

Plus, we have several language communities: English, Chinese, Arabic, Vietnamese, Korean, Indonesian, etc. So, we are truly going global.

plus, our website looks super cool haha

vtp.network

Host:

Thank you for great answer ?

Last question in AMA today

Q5. What is the External Liquidity Algorithm? What does it solve the problem of blockchain system ? How do you manage the algorithm and operate ?

Johnny – CEO Vesta Protocol:

Sure

Rexx_Dillon – COO Vesta Protocol:

How about if we do one more question and then we open up for the quiz. Lets check how much people know about Vesta from our website and Whitepaper

Everyone needs to get ready with their knowledge of Vesta to win! haha

ok, go ahead Jhonny. Just wanted to prepare them haha

Johnny – CEO Vesta Protocol:

So as per the diagram I shared before. The External Liquidity Algorithm is to prevent black swan event happen.

HAHA sure

So 8% of ETH and vesta will be controlled by smart contract and when the price is too low, the ETH reserved will be controlled by the smart contract to buy Vesta via uniSwap

Rexx_Dillon – COO Vesta Protocol:

Yes, we want to protect the price of Vesta

Johnny – CEO Vesta Protocol:

When the price is too high, VESTA in the pool will be sold to prevent FOMO.

 

Part 3 Quiz:: List winner

1 @ttbqb3st

2 @KaranSharma000

3 @KaranSharma000

4 @Trumcrypto

5 @Trumcrypto

6 @Trumcrypto

7 @tungvodoi206

8 @Trumcrypto

9 @Trumcrypto

10 @Trumcrypto