Recap AMA MoveDefi x Vietnam Coin Market Community

9 min readApr 14, 2021

Mr Hubert: Hello everyone,

Only 13 minutes left and the AMA event of Movedefi will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and Moondefi project’s representative is Mr Adam.

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

“Movedefi”

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 like, follow, and retweet this tweet: https://twitter.com/chocoin_VN/status/1381532414221058048?s=20

Please join the Moondefi group: https://t.me/movedefi

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

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

Mr Adam: Hi Everyone!

Thanks for having me.

Mr Hubert: Hi Sir.

Mrs Nguyet: Hey Sir, Welcome to VCM Community ❤️

Mr Adam: Thanks so much :)

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

Could you briefly introduce yourself as well as your project?

Mr Adam: Yes, of course.

This is Adam, founding partner & CEO of MoveDefi. I have an extensive history working in the Commercial Real Estate, Finance and Technology Industries. I also Co-Founded Strike.

Finance (formerly known as Spend.com) and acts as Advisor to the Co-Founder of

Ethereum.

MoveDefi is creating an ecosystem integrating Non-Fungible Tokens(NFTs) Lending Protocol, True Cross-blockchain transfer and a wide range of non-custodial liquidity for interest earning.

Mr Hubert: How wonderful, sir. The VCM audience is also eager to study the Movedefi project.

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

Mr Adam: But to answer this question, MoveDefi is taking a cross-chain approach, endorsing both the Ethereum and EVMcompatible blockchains, to efficiently address the high transaction fee and oracle frontrunning dilemma of current DeFis on Ethereum. All that is needed is to set up both an Ethereum-based wallet and an EVM-compatible wallet from the user’s viewpoint. It will operate in the same way as if the wallets were handled independently, with MoveDefi

assisting in the pegging of the two wallets and recording the pegging on smart contracts.

Unlike other projects, MoveDefi Beta Version is ready. Users can join our community and fill the form to get an invitation code to experience the cutting edge of the Defi protocol.

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:

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

Mr Adam: Well to start off we will be doing a candy campaign airdrop soon, which we are excited about!

and as I mentioned before, Unlike other projects, MoveDefi Beta Version is ready. Users can join our community and fill the form to get an invitation code to experience the cutting edge of the Defi protocol. In Q1 2021, we have completed several tasks, including cross-chain derivatives DeFi protocol conceptualized, market research of DeFi AND NFT Lending ecosystem, liquidity staking designs, tokenomics and whitepaper and stake development for three blockchains.

The airdrop also will be announced in our official telegram channel.

Mr Hubert: Great. VCM is very happy to support the airdrop of Movedefi project.

Ready to come to the next question?

Mr Adam: Sure!

Mr Hubert: With the majority of DeFi applications being on Ethereum but the protocol having a few small issues, how focused on the technology to work on Ethereum but be compatible with this True cross-blockchain transfer?

Mr Adam: Eth is the most robust platform currently with significant capabilities that are attractive for the development of the DEFI ecosystem. No question they are the current leader in the space.

Having said that, the biggest priorities for Move are 1) decentralization, 2) Interoperability and 3) low fees. While the ETH provides a great baseline for 1 and 2, Gas fees are, and

have always been, an issue. They can be egregiously expensive and can sometimes take away from the user experience. So we’d be remiss to say we arent excited by other networks like, Polkadot, that are building optimal and interoperable platforms for DEFI.

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

Mr Adam: Thanks Hubert. Thats great :)

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

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

Mr Adam: Movedefi applies advanced technology to provide a unique Defi experience to solve the issue of limited functionality siloed in individual platforms and provides the platform features:

1. Flash Loans

2. NFT Valuation, Lending & Borrowing

3. Cross-blockchain Ecosystem

4. Defi Lending and Borrowing

5. Staking

6. Governance

The MOVE token has been specially engineered with a variety of utility functions to power the MoveDefi’s ecosystem, which is based on the staking of MOVE tokens, in which users can obtain a variety of incentives such as, governance and voting rights of the protocol, multiplier effect on $MOVD token farming efficiency, and regular distributions from the fees generated (MVT & MVC).

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

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

Mr Adam: Thanks so much for having me here.

Mr Hubert: Next, the Vietnam Coin Market Community will open a chat for the community to ask questions to the project. We will have 3 min to ask. The Movedefi project will then choose 10 questions to answer.

Are u ready for segment 3 ?

Mr Adam: Sure!

Mr Hubert: Ok sir

Now

Let’s go!

Now!

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

@adamjacobs, you may proceed now.

Question 1. 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?

Yield farming, liquidity pools and interest earning. we will motivate our community to hold the tokens long term and to stay involved in our ecosystem!

Question 2. How did you come up with the idea to create this project? What existing problem are you trying to solve?

We came up with this project because of the rising interests regarding NFTs and the rising gas fees with ethereum. we plan to unlock capital in the NFTS by providing liquidty to the holders and allowing users to earn interest and more tokens by lending to the NFT holders. This is just one aspect that move is trying to solve.

Question 3. What kind of use-cases does the Movedefi token have? What kind of value does it play and bring to Movedefi ecosystem?

MOVE token $MOVD is used to facilitate governance of the MoveDefi protocol, be staked for insurance to earn protocol fees, MOVD rewards (MVT & MVC), be used as other crypto tokens as one of our basic collectrals, be staked within the protocol to have passive income staking rewards, pay the interest within the protocol, be staked within the protocol to have platform incentives, and vote on features & operation and management of the MoveDefi platform.

Question 4. What is your strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally? What services do you provide to the community?

Question 5. In the long run, why should we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?

Decentralization is a key factor here. everything will be transaprent and we will let the community control the project through governance with the token.

Question 6. Are you a global project or local project? Can anybody anywhere use Your project without any restrictions?

We are a global decentralized project, and anyone that can access the internet can use MOVE.

Question 7. The goal of the DeFi app is to create a new financial system that eliminates subjectivity, bias, and inefficiency by relying on programmable terms. Does the MoveDefi network support this vision and how does it participate in the DEFI space?

Yes of course, and as i mentioned in the AMA it supports numerous components of the defi ecosystem.

1. Flash Loans

2. NFT Valuation, Lending & Borrowing

3. Cross-blockchain Ecosystem

4. Defi Lending and Borrowing

5. Staking

6. Governance

Question 8. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Telegram is @movedefi and twitter @movedefi

Question 9. How do you plan to spread awareness about your project in different countries/regions where English is not spoken well? Do you have local communities for them to let them better understand about your project?

Yes we have local communities and have a large presence throughout asia through our incubator partner.

Question 10. Which network will this project deploy and how strong will it support NFT marketplace?

We will work with all the large nft marketplaces to ensure that users can have a smooth experience when using our defi network.

Question 11. At this moment How many wallets can support this Token until now?Also do you have any plan to build your own wallet?

HI there. Since it will start off as an ERC20 token, many wallets can support MOVE. When we build our public chain, we will have already numerous partnerships lined up to support this. We are also building our own wallet that has already been under development for some time.

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

We will go to Segment 4, the Movedefi will ask the question. The person with the fastest correct answer will win.

Each person can only answer 1 time / 1 question.

Please @adamjacobs to ask Quiz questions.

Quiz 1. What is the top feature you would like to see from MOVE?

I like staking, we can make profits via staking in your platform.

Cross-blockchain Ecosystem

NFT Valuation, Lending & Borrowing

…

Quiz 2. Which chain would you be most interested in us collaborating with

Bsc, heco, sol, tomo, erc20,…

Quiz 3. Which exchange would you like us to be listed on that you use the most?

Binance, Okex, MXC, Huobi, Kucoin,…

Quiz 4. Which segment of the NFT market interests you the most?

Staking of nfts, NFT generation and NFT auctions,…

Quiz 5. Do most of you plan to own digital art in the future?

Yes.

Quiz 6. Which platform do you currently use to purchase NFTs?

Bsc, wax, sol,…

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

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

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

Telegram ( https://t.me/movedefi ) | Twitter ( https://twitter.com/movedefi ) | Website ( https://movedefi.net/ ).

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

Twitter VCM: http://twitter.com/chocoin_VN

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

Facebook: https://www.facebook.com/vietnamcoinmarket

and group: https://www.facebook.com/groups/vietnamcoinmarket