Recap AMA FarmHero x Vietnam Coin Market Community

12 min readJun 17, 2021

Mr Hubert: Hello everyone,

Only 5 minutes left and the AMA event of FarmHero Protocol will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and FarmHero Protocol project’s representative is @SimbaHero.

Translator: @nguyetvcm

Vietnam Coin Market Group (VCM) will be locked to make the event convenient.

After Segment 3 of the Vietnam Coin Market group will be opened a chat so that the community can ask the project.

How’s everything going?

Again, it’s been my greatest pleasure to announce today’s special AMA session

“FarmHero Protocol”

Today’s AMA session is composed of 5 parts:

✔️ Part 1 — Welcome

✔️ Part 2 — Q&A

✔️ Part 3 — Questions on Twitter — Guest will choose the 5 best questions from this Tweet: Here

(https://twitter.com/chocoin_VN/status/1405219691996454914?s=20)🏆 Reward: $10 USDT / 1 winner.

✔️ Part 4 — Free — asking: the guests will choose about 5 good questions to answer.

🏆 Reward: $10 USDT / 1 winner

✔️ Part 5 — MiniGame: Join the project’s social networking channels: Here

(https://forms.gle/J3Wcwffdx7zkUjABA)

- Choose 3 people with the most ref number: Top 1: $30, Top 2: $20, and Top 3: $10.

- Choose random the 5 luckiest people: 🏆 $10/1 winner.

Craving for the question rain ahead after I unmute the group.

Anyway, let’s get the curtain roll-up and welcome @SimbaHero.

Mrs Simba: Hello

Thank you for hosting me today!

Mr Hubert: Hello Simba! It’s a pleasure to all of you who participated in the AMA today.

Could you briefly introduce about yourselves as well as your project?

Mrs Simba: Thank you!

So we are a team of 20 people, and with the latest hirings even more 😅

We are spread around the world, mainly HongKong and Europe, and my role in this team is Marketing Development!

Our Projet is — https://farmhero.io/, a platform that combines the best of current crypto trends:

1. HIGH APR (yield farming)

2. Profitable Games

3. Cute NFTs.

Mr Hubert: How wonderful. The VCM audience is also eager to study the FarmHero Protocol project.

Mrs Simba: There’s a lot to study I think, I was very brief, but our project has a lot to offer 😃

Mr Hubert: Looking forward to have our audiences to know more about the project and the views.

Let’s get to the first question we’d like to know from you.

What makes the FarmHero Protocol project stand out more than the projects in the same direction at the moment?

Mrs Simba: FarmHero combines unique features you find nowhere else! And the most important of it is that we are expanding! Here you can find a lot ways to profit, so it’s an universal platform, someone will find useful yield farming, someone will play our games and profit in $BUSD, someone will just play with NFT and have fun!

We have many updated coming soon for our NFTs! For our followers, a small leak — Loot boxes are coming soon! 😃

Oh, and we aim to offer our unique features on several chains, and the next one is coming very very soon (even sooner that many expect) — we will launch on Polygon!

https://twitter.com/FarmHeroIO/status/1404392475188285450

Mr Hubert: Thank you, we could give some mins for our audiences to read more about the comment.

We will come to the next question:

How can we use the product & what are the ways to get profit?

Mrs Simba: This question is very important, so I will give it a special attention Hubert! Give me a few moments.

We have many ways to profit!

1. Yield Farms (https://farmhero.io/farms): You can earn high APR by staking your normal pancakeswap-LPs.

This is a risk-free for of earning but be sure we have an early exit fee of 0.5%. Also this is a SAFE way to profit, because we have passed Certik audit, but more about that later…

You can earn depending on your risk, you might want to hold our $HERO token and earn. We offer HERO-LP pools, HERO single token pools. Or just stake several kind of LPs we are supporting. Different choices.

2. Games: We have 3 games. The FOMO (https://farmhero.io/FOMO) one is adpated from FOMO3D.

For the FOMO game we have a utility token called $KEY. $KEY token is non-mintable, only added initial liquidity by team at the start of EACH round. So until a round ends, there is a fixed number of $KEYs:

In the beginning of each round we always have: 1 million KEY = 1 million HERO, so the initial price always is 1 KEY = 1 HERO.

❗️Note you can only buy $KEY using $HERO token.

Now interesrting part — after you got the $KEY, you can deposit them into the FOMO game, 50% of KEY$ will be instantly burnt and other 50% will be shared among previous $KEY depositors! So the earliest you deposit them, the early you will start to earn a share from all subsequent deposits!

So by depositing $KEY into the game, you will constantly earn $KEY, because the more people joined after you, the more you will get. 😃

❗️Note : do not keep them until the end of the game, because if the game ends, the $KEY / $HERO pair price will be reset via a ‘reweight’ mechanism, which we learnt from ‘Fei protocol’, setting the market price back to 1 KEY = 1 HERO.

We have one scenario on how the FOMO game can end:

Each $KEY deposited will add time to the countdown timer. When the count-down timer reaches 0, the game end. That’s when we also send all the BUSD in the pool to all KEY depositors during the game.

30% to the last depositor, 50% spread among all KEY depositors and 20% used for a new roudn start

So there are actually two incomes from the game

1. if the game never ends, you will earn KEY$ forever, and you know the price of $KEY will increase.

2. If the game ends, you will earn a guaranteed portion of the BUSD pot.

Also we have Auction (https://farmhero.io/auction) game, in short, you just need to bid a higher amount of $HERO before the timer end to get 100% of the BUSD amount.

And the last new Game is the Roll game (https://farmhero.io/roll), a game based on the luck factor, so you just need to generate the highest number before the timer ends.

❗️this game will have many updates within a short period of time.

It is very important to mention the main goal of those games.

We burn as much as possible $HERO tokens maintaining the price.

Because, for example, every time you place a new bid on auction game 100% of you $ HERO are burnt!

Also to clarify where do we get the funds for those games.

We use the LP tokens staked at Yield farm, to actually stake them on Pancake Swap to get $CAKE, and then just sell them for BUSD

Btw, we also have a buy-back program with some of the $CAKEs we buy-back hero constantly.

Mr Hubert: Thank you. Quite a lot of information that VCM audiences need to access.

We continue to spend some time with VCM audiences again.

Mrs Simba: Yes, I understand, I wanted to give a clear explanation of the mechanisms of FarmHero protocol as well as tokenomics providing price support.

Mr Hubert: Can’t wait any longer. I think the audience is wanting to learn more about the project:

Who are some business partner/clients for FarmHero Protocol?

Mrs Simba: Currenty we have:

Binance Smart Chain

https://twitter.com/binancechain/status/1403215432291475456

and we are top performers of the MVBII program

We also have DEGO, TREASURELAND, Dappradar, Certik and ApeSwap are our latest partners

actually (I hope my team will not kill me for leaking things) we are planning more interesting things with ApeSwap, so stay tuned for updates

oh oh, and we have some interesting new news coming soon, so stay tuned 😃

Mr Hubert: Feeling quite excited about this project. I think everyone will love it and support it as well.

We to the last question of the Q-A segment:

What does FarmHero Protocol plan to do to attract more users in the upcoming time?

Mrs Simba: I can’t leak like many new things our dev team is working right now, but I can say that we are expanding to Polygon ASAP and preparing everything to use the new chain as much as possible! Or I would say, even use the momentum that iron is rekt, and there’s a lot of money wiating to find a new favorite platform!

Mr Hubert: How wonderful. VCM will make a small contribution to the project support. Nice to do this. 😊

Mrs Simba: Vietnamese community is a real power in crypto! 😍

Mr Hubert: The last question is already done. Thank you @SimbaHero for bringing the above useful information.

We’ll move on to segment 3: Questions on Twitter.

The first question, it’s quite interesting, sir.

#1 There are currently 2 tokens for FarmHero Protocol. $KEY and $Hero, Can you elaborate to us what is the role of each token to FarmHero ecosystem? What are the benefits will provide to the user of holding each token?

of https://twitter.com/imwiiw27/status/1405286796187951105

Mrs Simba: So, for many newcomers this is very confusing, so I will clarify

The main token of the platform is $HERO, this is a token minted as reward by stacking the LP tokens on Yield Farm, and it is the main token used on all games. The only difference is that on Fomo Game we have a secundary token — $KEY, with a very limited supply — 1 million.

So the goal of the KEY is help to create FOMO on FOMO game 😃

Because the $KEY price will be always increasing VS $HERO

During the round

So it is a token for FOMO, for very big wins, and passive income (from 50% of burned KEYs, like explained previously).

Mr Hubert: Thanks for sharing; we come to question #2:

NFTs have been a hit this year, so many projects based on that and i know that the FarmHero NFT will have different properties. But, what are the most important features will have your NFTs? Rarity, superpowers?

of https://twitter.com/MaxiVV05/status/1405301797854588939

Mrs Simba: Oh yeah, so this is one of the things our team is working right now! As well as Loot boxes with 10 mega cool NFT cards (TBA), our NFTs will support adding extra skills giving them power capable to increase the APR!

still for now I can’t send more details to the public!

Mr Hubert: Thanks for sharing; we come to question #3:

What are the highlights of FarmHero’s technology and products that you believe will help you succeed? How revenue does FarmHero generate to sustain the project, and what plans do you have to attract more users in the future?

of https://twitter.com/MrDung732002/status/1405364251716251648

Mrs Simba: Since FarmHero has a variety of features, I think every one will find something they like most, farming, playing games, or just NFTs… still in my personal opinion, I believe that once our Fomo game will have like 100,200,300 k BUSD or even more, it will be a real FOMO, and an easy way to spread the word about us.

Still we are working on expanding to Polygon, as well as new community form there right now, because many people are switching form BSC to Matic! Thios is a plan for the following weeks, after that we will see 😃

Mr Hubert: We’ll come to the next interesting question, question #4:

Marketing is an essential element of every project, so everyone knows the potential that a project can generate. What is your strategy to attract new users and investors and maintain it in the long-term?

of https://twitter.com/Mrdolla41419688/status/1405438025534869510

Mrs Simba: We are working on several directions right now, we do AMAs with powerful communities, Partnership development with Powerful projects, also we do advertisement on most popular crypto sources, and working on stabilish relationship with KOLs!

Also we do some guerrilla marketing, but shhhh 😈 (it’s a secret)

And I tihnk we can get back again to the expansion factor, we are looking to grab more community members form Polygon, which is trending right now!

Mr Hubert: Thanks for sharing, we’ll come to question #5:

Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

of https://twitter.com/trumsangno1/status/1405224084586201090

Mrs Simba: — $HERO-burning everything — since we are working actively on burning as much $HERO as possible!

- Games and specially FOMO game — providing our community a way to win big with small amount of tokens they get from stacking.

- A big variety of possibilities for NFT use, which is under development right now

Mr Hubert: The last question is already done. Thank you @SimbaHero for bringing the above useful information.

Next, the Vietnam Coin Market Community will open a chat for the community to ask questions to the project. We will have 120s to ask. The FarmHero Protocol project will then choose 5 questions to answer.

Let’s go!

Now!

Let’s give some mins for @SimbaHero to choose 5 questions to answer.

@SimbaHero, you may proceed now.

Question 1. Are you planning to burn or buy back any tokens from the market in the future? Do you have such programs?

Oh yes! We are not only planning but already doing it, and we are doing it constantly!

You can check here: https://bscscan.com/address/0x173CEC25F0a6cD34FB271f5Ec2A5547f1C9b6645#tokentxns

Question 2. As a community based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System?

Currenty we have a referral system offering you 5% of all $KEY invested into FOMO game!

Still our team is discussing a possibility of rewarding users with a share of Stacking reward generated by the invited member!

Like, you invite Sam, he generates 1000 HERO / day, and we give you extra 3%

Question 3. Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

FarmHero team is working on $HERO token burn, so we expect to create a healthy and long-term project over time with mechanisms capable to provide a great support for the price of the token!

Question 4. I’m new to crypto, and I trust a project. I ended up investing my hard-earned money; and some of them turned out to be SCAMMED, what guarantees will you give to a lay investor like me. that you won’t SCAMD? IS your project AUDITED?

Security is very important, and our team really do care a lot about security!

We have passed the Certik audit, and this company has a very good reputation on crypto market

We would say, they are the best!

https://www.certik.org/projects/farmhero

Also the Skynet is to get activated soon (this is an ongoing process).

Question 5. IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?

We decided to not peg our token to BNB but to BUSD, so during the latest dumps on market our token had price resistance, still the whole ecosystem is about using the features of the platform from tokens you get from stacking… I tihnk if you understand completely the mechanisms of the project you will know why it is bear resistant!

Question 6. How do we invest in the project? Do we have locking period or a minimum requirement to be eligible?

We never had pre-sales and public sales.

The whole project was developed with our own efforts and funds, we never collected funds from private investors and community!

This is a ver yimportant details because this illustrates how important is for us to make this project successful!

99% of projects only care about collecting funds and then forget abou project, our team developed a ready product, and only then launched it!

Mr Hubert: Thank you @SimbaHero for replying to the community.

So the AMA FarmHero Protocol at Vietnam Coin Market (VCM) is also coming to an end. Hopefully in this direct exchange, the community has a basic understanding of the FarmHero Protocol project. I am the moderator today. Congratulations to the FarmHero Protocol.

Thanks @SimbaHero for joining AMA with the VCM community today. Wish you much health and success.

Again, don’t forget to join the FarmHero Protocol community for further assistance. Thanks everyone.

https://farmhero.io/

https://t.me/farmheroIO

https://t.me/FarmHeroVN

https://twitter.com/FarmHeroIO

https://discord.gg/G5GBFuRWw3

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Website: http://vcmcommunity.online

Medium: https://chocoin-vn.medium.com

Youtube VCM: https://www.youtube.com/c/vietnamcoinmarket

Youtube AI: https://www.youtube.com/c/angelinvestorcommunity