Recap AMA Finance.vote x Vietnam Coin Market Community

8 min readOct 18, 2020

Hubert: Hello everyone,

Only 23 minutes left and the AMA event of FINANCE VOTE will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and FINANCE VOTE project’s representative is @DrNickA.

Translator: @nguyetvcm

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

After Segment 2 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

“FINANCE VOTE”

Today’s AMA session is composed of 4 parts:

1 — Say hello, introduce the project

2 — AMA moderator asks the project 5 questions that will be selected first.

3 — Ask the community (unmute the channel and let the community ask questions freely on telegram. Then the guests will choose about 10 good questions to answer).

4 — Quiz — Give 5 quizzes to the community to answer

You must complete the task at this Tweet. All violations will result in cancellation of AMA results:

https://bit.ly/3jVdNFR

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

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

Mr Nick: Hi everyone

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

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

Mr Nick: Thank!

Sure my name is Nick. I’m the founder of finance.vote.

I’m a physicist by background but for the last ten years if working in governance of universities and studying how people learn.
For a long time I’ve been obsessed on crypto and now leaving academia to be full time in the crypto space setting up finance.vote.

Hubert: Welcome!

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 FINANCE VOTE project stand out more than the projects in the same direction at the moment?

Mr Nick: I think we stand out because we’re trying to build a product for all kinds of token holders. We want to give meaningful voice to small token holders and create a fun crypto economic game where people can learn more about crypto.

We want to educate people to make informed decisions so people stop being scammed by bad projects.

We’re also trying to upgrade the crypto space with new voting technology.

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

Mr Nick: Of course :) please ask more questions if you want to understand more.

Thanks for this impressive information. We will go over the next question.

Who are some business partner/clients for FINANCE VOTE?

Mr Nick: We have partnered with Kira network to help us reach the interchain space. And we are working closely with commerce block who are experts in cryptography.

We plan to find some of the best projects in crypto to test out our second layer governance system but you’ll have to wait to find out who they are ;).

Hubert: Oh, the Kira Network project. It was a good project. VCM used to organize an AMA for this project.

Mr Nick: Yeah they’re really interesting. It’s a small world in the cryptospace :).

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

Hubert: We will come to the next question:

What are the memorable milestones of FINANCE VOTE in the research and development process?

Mr Nick: Nice question. I think we I discovered quadratic voting that really opened my mind to what is possible with decentralised governance.

Also meeting the right people to help me execute this vision. I have found some really talented people to work with me and it took me a long time to find them. But now we’ve got everything we need to execute what we’ve been dreaming of.

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

What does FINANCE VOTE plan to do to attract more users in the upcoming time?

Mr Nick: We think that groups like are crucial to our success. We need as many people as possible to understand what we’re doing all over the world.

So we’ll be looking for long term collaborations with groups like this to ensure our success. We want our users to help design the future of the network.

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

Mr Nick: You already are 🚀

The last question is already done. Thank you @DrNickA for bringing the above useful information.

Next, the Vietnam Coin Market team (VCM) will open a chat for the community to ask questions to the project. We will have 3 min to ask. The FINANCE VOTE project will then choose 5 questions to answer.

Let’go!

Now!

Let’s give some mins for @DrNickA to choose 10 questions to answer.

@DrNickA, you may proceed now.

Mr Nick: I’ve never seen this many questions!

Wow I think that’s enough haha

OK let me find some to answer. Let me know when I hit ten.

Hubert: Ok sir.

Question 1. If FinanceVote only focuses on “discovery of emerging tokens of the most viable projects”, then why do they show projects like LEND, COMP and AMPL on their websites? Shouldn’t it just be BTC, ETH and TRON?

How are token lists are compiled will required its own governance system but we want you the token holders to decide what goes in the lists.

Question 2. Could you share with us why you chose the DeFi direction & how do you think Finance Vote is positioned to take advantage of increasing interest in DeFi protocols?

We think there’s something incredible happening in DeFi and it’s the spirit of open innovation. There’s thousands of new products some of which us world changing we want to help people find signal in the noise.

Question 3. Auditing plays an important intermediary role in the development of DeFi projects. What audit methods has http://Finance.vote applied in project development? Can you talk more about it?

Yes auditors are like the lawyers of the smart contract space. You can spend millions doing this we’re auditing our contracts multiple times if they’re high risk and hold a lot of assets lighter touch if they don’t.\

Question 4. Why should I invest in your token; do you guarantee I’ll be profitable?

No and only scammers will guarantee returns. Watch out for that.

Question 5. Of what benefits is the utilization of both a layer one DAO, the Decentralized Monetary Fund (DMF) and the Layer two $FIN MiniDAO, do you think more projects will adopt it?

Yes we do. The DMF will be an important mechanism for price discovery in the space and we want some big projects to manage their communities using our miniDAOs.

Question 6. What’s your opinion about DeFi? What do you think is holding the DeFi space back? What is preventing from the mass adoption of DeFi products?

There’s a lot of bad projects and people don’t have the skills to really read the contracts. We want to filter out the bad stuff for our users and pay people who research it for the network.

Question 7. Why should users look for higher voting power? How can they increase it? Does this benefit the user within the ecosystem?

You get higher voting power for being correct in your predictions. That allows you to vote more and therefore earn more.

Question 8. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?

This is very true. We’re releasing soon and often. You’ll be able to watch out network grow over time. No waiting for years to see what happens, just real users building a network.

Question 9. At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities.

Great question. I think the CEXs are struggling because of the explosion of the decentralised exchange space. They will play whether we want them to or not, probably best to be collaborative.

Question 10. Are you a global project or local project? Are you 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?

Very much a global product we’ll need your help to make sure everyone in Vietnam can understand and use our system.

Question 11. The hot new term in crypto is “YIELD FARMING”. Why did this get so hot right now? Do you have a plan to develop the Yeild Farming system?

We’ll have a yield farming incentive for our LPs and really interesting one!

Hubert: Thank you @DrNickA for replying to the community.

We will go to Segment 4, the FINANCE VOTE project will ask the question. The person with the fastest correct answer will win.
Each person can only answer 1 time / 1 question

Please join FINANCE VOTE group to join segment 4 Quiz: https://t.me/botocean

Everyone has 2 min to join the Finance Vote group.

Please @DrNickA to ask Quiz questions.

Quiz 1. How often are the votes resolved?

A) As soon as you vote,

B) sunday market close,

C) whenever we say,

D) never

Mr Nick: We close the votes at Market Close on Sunday every week. You vote for a week and then the market works for a week and we find out what wins.

Quiz 2. What is quadratic voting?

A) A yes/no vote,

B) A voting system that uses the square of the votes,

C) a mathematical curve,

D) vote with three choices.

Mr Nick: It’s the square of the votes. So voting 5 times on a coin costs 25 $V.

Quiz 3. What is a prediction market?

A) A market based prediction system,

B) a magic ball,

C) a smart contract,

D) a guarentee of money in the future.

Quiz 4. How do I get paid as voter?

A) By voting on the correct coin,

B) by taking part in the vote markets,

C) by taking part in the governance decisions,

D) all of the above.

Quiz 5. How do you determine the winner?

A) Using a market oracle,

B) using charts,

C) using consensus,

D) Dr Nick decides.

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

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

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

Website — https://www.finance.vote/

Twitter — https://twitter.com/financedotvote

Telegram — https://t.me/financedotvote

Whitepaper — https://tinyurl.com/y5pcl5y3

Good luck to you, guys 😺

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Website: http://vcmcommunity.online

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

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

Twitter: http://twitter.com/chocoin_VN