Recap AMA Liquidity Dividends Protocol x Vietnam Coin Market Community

11 min readAug 4, 2020

Hubert: Hello everyone,

Only 15 minutes left and the AMA event of Liquidity Dividends Protocol will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and Liquidity Dividends Protocol project’s representative is @HollewoodYB, @carlsbad_sunshine, @UniswapCalls.

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

“Liquidity Dividends Protocol”

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

Please read the AMA project in advance and complete this form before the AMA event takes place. All violations will result in cancellation of AMA results:

https://forms.gle/KNrA58uRgnint3REA

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

Anyway, let’s get the curtain roll-up and welcome @HollewoodYB, @carlsbad_sunshine, @UniswapCalls

Carlsbad Sunshine: Hello! I’m happy to be here.

Holle Wood: Hey guys :)

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

Bern | @UniswapEarlyCalls: Hello! Great to be here!

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

Carlsbad Sunshine: I’m Carlsbad, I’m the lead dev at LID. My main concern is how we can build robust decentralized financial systems, especially decentralized ways to protect investors from scams. That’s exactly what LID does. LID provides licensed presale technology and certifications for Uniswap tokens that meet certain standards.

We’re making new DeFi and other blockchain projects get off the ground faster!

Holle Wood: Hey guys, I am Hollewood! I am the COO for LID and focus primarily on the operations of the team to assure everything is running smoothly. I’m usually either helping with securing partnerships, new exchanges or working directly with our Chief Marketing Officer :)

Bern | @UniswapEarlyCalls: My name’s Bern and my primary role is assisting the team in marketing, and PR.

I also operate @UniswapEarlyCalls which will play a vital role in promoting good projects to the community, and to recommend projects to adopt LID Protocol’s Presale License Smart Contract (product) for trustless decentralised fundraising.

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 Liquidity Dividends Protocol project stand out more than the projects in the same direction at the moment?

Carlsbad Sunshine: Our project is unique in how it protects investors from scams. On top of that, we’re innovating a new licensing business model. Of course all our tech is open source, but we’ve figured out a way to license the configuration and deployment of our technology. Devs we’ve talked to love this licensing model because they can focus on their core innovations, get assurances for investors, and also get access to the great community around LID.

Devs set a percentage of the raised ethereum and tokens to go to the Lid Dao, which Lid Stakers then vote on how to spend.

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

Who are some business partner/clients for Liquidity Dividends Protocol?

Carlsbad Sunshine: We’re currently in serious talks with 2 devs and in early talks with several others. Generally, we’re looking for projects that are generating real value as opposed to just moving money around. So while I can’t speak in detail because of our confidentiality, both of the projects we’re talking to seriously have advanced, novel tech that will further the ecosystem

Our biggest DeFi partnerships are Mammoth and Askobar. Mammoth is providing gamified VC investing, and has made a substantial investment in LID. Askobar Network is using Lid’s certification technology to reduce insolvency risks for AskoLend, a new lending platform that uses tiered pools to allow lenders to choose how much risk they want to take and enables the use of low mc uniswap tokens as collateral. Check them out at askobar-network.com.

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

Carlsbad Sunshine: Sure

Hubert: We will come to the next question:

What are the memorable milestones of Liquidity Dividends Protocol in the research and development process?

Carlsbad Sunshine: Our first major success, last Monday, was the LID Presale, which raised over 2,000 ETH and successfully locked over $1m in liquidity into Uniswap. Just a few days later, we had the successful launch of Lid Staking v1 which has about 30m LID staked now. We’ve got plans for Lid Staking v2 and v3 which provide advanced rewards for users who stake for 30 days and are active in the Lid Dao. We’re also building a self service portal for licensing presales.

Scaling is a major concern for us, and we’re hoping to announce a partnership with a major development organization in the near future.

Hubert: Thank you. What does Liquidity Dividends Protocol plan to do to attract more users in the upcoming time?

Holle Wood: Hey all, as the COO of LID working closely alongside our Chief Marketing Officer Gibsoon, we have a TON of great things planned.

Chief among them is continuing to do things like this, AMAs to really get in touch with the communities and a pulse for how you all feel about the project. On a macro larger level, we’ve been working on acquiring more exchanges, looking into further partnerships and spreading the brand of LID to more people. We’re noticing influencers are beginning to pick up on our project organically. And honestly that comes down to #1 having a good product and #2 having an active transparent team. That’s us to the core in my opinion.

Hubert: The last question is already done. Thank you @HollewoodYB, @carlsbad_sunshine, @UniswapCalls 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 Liquidity Dividends Protocol project will then choose 10 questions to answer.

Let’go!

Now!

Let’s give some mins for @HollewoodYB, @carlsbad_sunshine, @UniswapCalls to choose 10 questions to answer

@HollewoodYB, @carlsbad_sunshine, @UniswapCalls, you may proceed now

Carlsbad Sunshine: Wow!

So many great questions.

Question 1. @HollewoodYB @UniswapCalls @carlsbad_sunshine

What are your priorities for this year?

Holle Wood: I think our main goal for the year first of all is to pass our audit of the smart contracts with flying colors. Once the audit has been completed, we really want to push out the licensing. The licensing is really the core to our project as we can’t exact change in Uniswap launches just by our own. We need the brand of LID to grow and be global, we want to see our techv

Question 2. Liquidity Dividend Protocol’s Presale was a HUGE success! Congratulations. Which are the steps to follow? What will you focus on now?

Holle Wood: Our presale was incredibly successful, thank you for these kind words! I was not expecting it to be as big as it was but im obviously thrilled. The big thing right now is getting our audit done and licensing out. As the COO my main focus is to keep momentum going inbetween these times, so I am heavily focused on increasing our visibility in the crypto defi community.

Question 3. Community is the important thing for every project.

So, What is your strategy for building a strong community? And what services do you provide to the community?

Bern | @UniswapEarlyCalls: We will build a strong community by onboarding a trustless means of fundraising and subsequently locked Uniswap liquidity, all through smart contract coding. There is true realisation of value here, and we believe it will attract investors, traders and most importantly a community.

People will no longer have doubts when participating in decentralised fundraising, and especially when new project launches adopt LID’s “Licensed Non-Custodial Proof of Locked Liquidity Presales” smart contract.

Our Staking rewards will also be really attractive and this will sell itself and attract the community to participate in. Do learn more about staking in our whitepaper.

Question 4. DeFi nowadays seems to be a very hot keyword that many popular platforms like Ethereum, Vechain… are focusing on. How does Liquidity Dividends Protocol think about DeFi in your strategy and how well has Liquidity Dividends Protocol for this big wave?

Carlsbad Sunshine: Currently most DeFi platforms require manual whitelisting of new tokens, which is time consuming and expensive. That’s why our partnership with Askobar is so exciting to me — Lid’s Certification allows them to much more quickly add new tokens to their lending platform. This shows the path forward for a new wave of DeFi applications that are much more open than current ones. Lid Certifications allows DeFi platforms to more rapidly or even do automated listings of new tokens.

Question 5. What’s your business model in LID Protocol? How do you generate income and profit?

Bern | @UniswapEarlyCalls: We generate revenue by onboarding new projects through our “Licensed Non-Custodial Proof of Locked Liquidity Presales” smart contract.

The LID Dao then receives a 5% fee from all LID Certified presales and LID Certified staking dapps.

Question 6. Do I need KYC to enjoy all the awesome features of LID

Holle Wood: Nope! We pride ourselves in being a primarily anonymous team. Even during presale the most we did was whitelisting addresses to invest. But KYC is not a part of a requirement to invest in LID and join the community :)

Question 7. Most of the investors just focus on the price of the token in the short term instead of the real value of the project. Can you tell us the motivation and benefits for LID investors to long term?

Carlsbad Sunshine: Short term speculation can’t be stopped, but it’s also not at all what LID is about. Currently, we have in place a small amount of revenue to Lid Stakers from transaction fees of the LID protocol. 2% of every transfer is taxed — 1.9% goes to Stakers and 0.1% goes to the Lid Dao. In the long term, the main source of revenue will be Lid licensing fees from presales. We’re building a self service platform where devs can automatically release new tokens and get certified. This revenue then goes to the Lid Dao, which is controlled by Lid Stakers. Lid Stakers can then vote to do burns, buybacks, more dividends, or even invest in tech.

Question 8. What particular technologies are you developing to securely deposit liquidity generated via presale into Uniswap to end Exit scams?

How attractive and safe is the Liquidity Dividends Protocol project for investors and developers?

Carlsbad Sunshine: We used our technology on the Lid Token Presale, which was very successful and trustlessly deposited over $1m in liquidity into Uniswap. We’re looking to upgrade this technology with Lid Simplified Presales. But for now, we’re mostly working with dev teams to build custom solutions taht meet their particular neeeds.

Question 9. Why didn’t you give presale participants all their tokens, why 2% hourly?

Holle Wood: We primarily did this to prevent a mass dumping. Our original goal was 500 ETH to be raised, which is still quite alot. We are in for the long haul, we dont want just a quick moonshoot. This to us is a marathon, not a sprint so we didnt want people in who were just looking for the next quick dollar.

Question 10. There are so many projects that only exist for a moment “die on the road, traumatizing investors with new projects”. Question: how can the LID project survive, continue to grow & in what ways do you convince investors that this project is very promising?

Carlsbad Sunshine: We’ve done a few things to ensure longevity for Lid. First of all, control by our small team is only for a limited and short bootstrapping period. Most of the dev and marketing budgets are allocated to the Lid Dao and are released over at least 2 years. Second, we’re focused on bringing in revenue as early as possible. We’re already in final stage talks with two teams for licensing, both of which have agreed to give Lid substantial fees even though we offered to do it for free. We’re generating so much value for new projects.

Hubert: Thank you @HollewoodYB, @carlsbad_sunshine, @UniswapCalls for replying to the community.

Carlsbad Sunshine: WOW!!! SO fun!!!!

What a great community, everyone asking so good and interesting questions.

Holle Wood: Great questions guys :)

Hubert: Tks sir

We will go to Segment 4, the Liquidity Dividends Protocol project will ask the question. All correct answers will be eligible to win. I will spin after AMA with these cases. Choose the luckiest one of these to receive a reward / each question.
Each person can only answer 1 time / 1 question

The VCM group will be chatting after 1 min

Please @HollewoodYB, @carlsbad_sunshine, @UniswapCalls to ask Quiz questions.

Quiz 1. How much LID was raised in the first presale?

a. 0–500

b. 500–1000

c. 1000–2000

d. 2000–2500

e. 2500–5000

Quiz 2. Which of the following is a major partner of LID?

a. Askobar

b. Mammoth

c. Ampl

d. a+b

e. All of the above

Quiz 3. With the Askobar partnership, what program will LID be partaking in?

A: Selling their tokens along with LID

B: Participating in AskoLend with them

C: It was just for promotion

D: None of the above

E: All of the above

Quiz 4. In what way does LID prevent scams?

a. By being friendly.

b. Lots of partnerships.

c. Trustlessly locking Liquidity

d. Posting real names and faces.

e. All of the above

Quiz 5. How many exchanges is LID currently listed on?

A: 1

B: 2

C: 3

D: 4

E: 5

Quiz 6. How can investors earn revenue today from Lid?

a. Staking at stake.lid.sh

b. Burning Lid

c. Buying pizza with Lid

d. Giving Lid to a friend

e. Holding Lid.

So the AMA Liquidity Dividends 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 Liquidity Dividends Protocol project. I am the moderator today. Congratulations to the Liquidity Dividends Protocol.

Thanks @HollewoodYB, @carlsbad_sunshine, @UniswapCalls for joining AMA with the VCM community today. Wish you much health and success.

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

https://t.me/LIDProtocol

https://twitter.com/LIDProtocol

Website: https://www.lid.sh/