Recap AMA CryptoVN x Ymerchain

Part 1: Introduction/Questions from CryptoVN Team
Part 2: Questions from Twitter: https://twitter.com/Cryptovietnamvn/status/1358718770676600833

Part 3: Live AMA

 

PART 1: INTRODUCTION

Q1: Can you introduce yourself and the project a little bit?

JoAnne – Business manager:

Yes. Hi, everyone. You can call me Joanne, representative to Ymer project as a business manager. This is the project working the distribute business of applications. Over.?

Q2: Can you tell the community some of the Ymerchain achievements?

JoAnne – Business manager:

Ymer ecological DeFi mining pool started 48 days with pledging YMT to break 2 million already and nearly 560,000 USDT, then the entire network computing power was nearly 100,000T. Over.?

Q3: Can you share Ymerchain roadmap?

JoAnne – Business manager:

1.June 2020
Global invitation to communities for origin technology of Ymer；

2. August 2020
Design of Ymer ecologicol system & Dapp develop；

3. Setptember 2020
Invitation of YMER FOUNDATION LTD.；

4. November 2020
YMER FOUNDATION LTD. approvementt，
Start 21 genesis NOC plan；

5. December 2020
Building 9 NOL and 21 genesis NOC ；
Ymer chain got Chuangyu smart contract safty audit and distribute open source
Listing on Uniswap，Start the Ymer ecologicol DeFi mining；

6. Janury 2021
Uniswap’s initial liquidity of 210,000 YMT will be permanently destroyed, and the user UNI-V2 pledge will be mapped in proportion; Reached a strategic cooperation with South Korea’s SENbit Exchange and launched the YMT/USDT trading pair on SENbit Exchange on the 15th Ymer ecological DAPP completes security upgrade, adds multiple layers of local encryption verification, and strengthens user asset security protection ；

7.February 2021
Upgrade the Ymer official website，release white paper 2.0, collecting global applicaitons；

8.March 2021
First halving by non-destructive defi mining of Ymer
Elimination mechanisms for 21 NOC

9. April 2021
First Ymer distributed business eco application；
Over, thanks?

 

PART 2: TWITTER QUESTIONS

1. @StrikNapla1976
What are the risks associated with decentralized financial products (DeFi) related to risks? What does Ymerchain do to limit those risks?

JoAnne – Business manager:

Several key points that DeFi mining is relatively unfriendly to ordinary users are following below:

1. Liquidity mining gas fees are very unstable due to eth’s price, which always facing excessive gas 20-50U per transaction. Then Ymer defi chain can lower the gas cost which it will keep stable gas fee too.

2. The problem of impermanent loss. If users do not understand price fluctuations, they may face the risk of impermanent loss. This requires higher professional data analysis capabilities. Using Ymer Dapp which it is easy to use and surely with no impermanent loss.

3. The operation of the normal defi mining is much difficult, and the contract authorization may encounter phishing Trojan horses and cause wallet assets to be stolen. Ymer will keep the higher safety application to all.

4. If there is no referral reward, no commission is shared. For small capital users, the income is low, and capital monopoly is the main thing. Ymer ecological dapp it set the multiple marketing plan for team work and huge community. Welcome to connect.

2. @jiwwan15
What are the 3 core reasons we should choose Ymerchain? What is the role of the community for Ymerchain? How is Ymerchain’s plan in Vietnam market?

JoAnne – Business manager:

Thanks for asking this great question. There are three reasons i want to share below:

1. The economic model is very innovative. There are halving deflation of BTC, pledged mining similar to Filcoin, and DeFi non-destructive pledge of the whole network computing power difficulty adjustment and other economic systems, which are very innovative.

2. Simplified the operation of DeFi non-destructive mining, one-click pledge or unlock at any time, no need to frequent operation, no impermanence loss.

3. Increased the multiple marketing system and mining pool computing power rewards, better fission and enhancement of community autonomy. So, great project for community grow. Over, thanks.?

3. @anhdungsenpai
The ERC20 ecosystem has many DEFI project like Orion Protocol,Yearn Finance . Do you consider them to be competitors or partners? What sets #YMERCHAIN apart from other projects and competitors in the DEFI space?

JoAnne – Business manager:

Ymer is so different from those DeFi projects. Ymer is more about integrating the DeFi mechanism with other excellent economic systems and innovating to build a new incentive system.

The early community is built by miners and then connected to many distributed commercial ecological applications. It is to build the bottom-line incentive application ecological platform of the distributed business ecosystem.

The core thing is to provide overall services around the transformation of traditional enterprises into distributed business entities.

This is the future trend and a very big cake for sharing with all. Over, thanks.?

4. @DailygameDylan
What are the ways that generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?

JoAnne – Business manager:

Ymer’s ecological dapp, non-destructive DeFi pledge mining mechanism, combined with dual-layer mining, has the original technology community permanently locks 30% YMT to build 9 upper nodes for ecological mining, and each block day is rewarded twice according to the distribution mechanism The distribution of nodes accounted for 17%, 21 genesis nodes accounted for 3%, and the general mining nodes of the entire network accounted for 80%.

The distribution is based on the percentage of computing power.

The general nodes use YMT+USDT equivalent pledge to obtain YML certificates to obtain basic computing power.

The multiple marketing system and mining pool computing power incentives enable the community to rapidly fission and make the community more stronger.

Miners and mining mechanisms will be the bottom cornerstone of Ymer’s entire ecology.

In the Ymer ecosystem, the 17% mining rewards obtained by the technical community through 9 upper nodes are used for technical iteration and ecological maintenance.

Investors obtain computing power rewards to obtain more tokens by staking mining and creating a multiple marketing system mining pool to build the community.

The two parties have to collaborate to build a consensus for making the ecology stromger and $YMT value to achieve a win-win situation.

Ymer is more like a DAO project without the control of the party, so it needs the efforts of all communities. We work together that everyone can build consensus to project, then we undoubtedly achieve a win-win situation. Over, thanks.?

5. @Mikadzuki15
I am an investor, so besides trusting in the Ymerchain project, I also want to make a profit so what is the marketing strategy of Ymerchain to attract investors and expand market?

JoAnne – Business manager:

Combined with double deflation mechanism and ecological business profits to achieve YMT’s value-added growth which it point out that what Ymer do and why investors join.

Investors can join defi mining, and join multiple marketing plan with team. This is also building the consensus of $YMT.

Building a distributed business connection which it is the future trend. The joint miners/investors are the host of Ymer project since we will have Ymer distributed business ecological applications soon.

Also you can say this is the future business of innovation.

Let me tell you more about the future business — What is the ecological application of Ymer?

1. Distributed Business Ecosystem
Apply the token economic system to design a new distribution mechanism of commercial interests. Realize industrial alliance/community autonomy and distribution according to work of blockchain collaboration which can replace the traditional management system of companies.

2. Transformation with no cost and innovation with no risk
Adopt Defi non-destructive pledge mining mechanism and provide enterprises with one-stop services of on-chain transformation. Allow them to achieve transformation with no cost and innovation with no risk and help them reduce the cost and increase the efficiency powered by blockchain.

3. Enterprise business data uploaded on chain
Provide enterprises with anti-counterfeit traceability on chain. Build a credible database for the storage of operational data on chain. Provide enterprises with blockchain lending services and the enterprises which have a good prospect with better financial services.

4. Real Business Profits & Build Underlying Value
Asset tokenization uses pixel slicing to enhance asset liquidity, and the tokenization of commercial revenue divides the earnings of the business and motivates the users better and the community will become the co-builders and co-winners of the commercial ecosystem.

There are my points of future business. Over, thanks.?

 

PART 3: LIVE ASK

1. @Sumaiya34

Are you a global project or local project? Can anybody anywhere use Your project without any restrictions?

JoAnne – Business manager:
This is a DAO project, we have the technology team come from all over the world, building the world-class DAO project for users/communities to be the host. Everyone can use and be the investors since the project start. Later on, the enterprises will use for the words i said before, FUTURE BUSINESS.

2. @Concutrangxoa

What is your plans for global expansion,on building and developing or getting customers and users, or partnerships?

JoAnne – Business manager:

Now, we have worldwide telegram groups, like https://t.me/ymerchain_globalcommunity . And we explore VN market and Korea market together. Surely we want more KOL/influencer to join, let them understand the plan and the future business. I do believe they will be lucky to join the big family.

3. @tamimiqbal2

Are you planning to burn or buy back any tokens from the market in the future? Do you have such programs?

JoAnne – Business manager:

Ymer has already did once when $YMT switch Uniswap to Senbit crypto exchange. And there are 12 days left for the first having.

4. @faltu222

Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

JoAnne – Business manager:

Yes. This question is what we talk about all the time. Since we know this is the distributed business application, we have to connect the non-crypto business which they may need the service of distributed business ecosystem.

5. @Amijim11

?I am a newbie trader and just want to learn before I start investing, do you offer any educational courses that I can learn from?

JoAnne – Business manager:

There are no course we can take at crypto world. But you can join any one community of Ymer project, which there are the CMs and supporters. Also it is so welcome for you guys can join us and be the volunteers of us. Lets get win-win from now on. ❤️

 

AMA winners

Part 2

@StrikNapla1976

@jiwwan15

@anhdungsenpai

@DailygameDylan

@Mikadzuki15

 

Part 3

@Sumaiya34

@Concutrangxoa

@tamimiqbal2

@faltu222

@Amijim11