Recap AMA Tronfi x Vietnam Coin Market Community

8 min readSep 3, 2020

Hubert: Hello everyone,

Only 12 minutes left and the AMA event of Tronfi will be started

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

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

“Tronfi”

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 10 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/2EXvViY

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

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

Swap Monster: HEY!

Hubert: Hello sir

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

Swap Monster: It is a pleasure to be in here today!

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

Swap Monster: Yes of course!

I am a marketing Director at Tronfi.io

In a few words, we aim to be the YFI on Tron and lead the Tron DeFi ecosystem

More detaily, TronFi is a leading blockchain and smart contract development platform that will extend the nascent DEFI industry to more than 1 million Tron users. By being a DAO, TronFi will also provide supports to the new projects being build under the TronFi ecosystem and TronFi Foundation

We are building the first essential products at the moment like zSwap.io and tBridge.io, that will allow our community projects to grow faster and easier (by being more competitive).

Also at the moment we have a very hot product launched which is pearl.finance, recently we’ve listed our tokens at several big exchanges reaching really crazy results :)

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

Okay! I could be super short. TX fee haha

I think we’ve all been observing the bad things about any other DeFi on ETH network, unfortunately at he moment it is less and less accessible to the majority by unsupportable fees! So it is a huge opportunity, even over the technology, because by running so big ecosystem on a much more accessible blockchain we can bring a lot of newcomers to Tron!

And when forgetting about the fees, I can say that our team is always upfront of anything related to the DeFi innovations on Tron, as an example, we were the first building and YFI, and it is the DeFi number one at this moment! (Pearl.Finance), and how we’re going to build an Swap platform free of bugs (zSwap.io) that will make the Tron blockchain and our product more accessible! And I can’t forget about a core of the TronFi.io ecosystem — tBridge! tBridge enables the decentralized exchange of value between blockchains like BTC or ETH! Which makes it a good alternative for the blockchains with really high fees like Ethereum.

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

Swap Monster: Of course Hubert! :)

Thanks for your great answer. 😊. We will go over the next question:

Who are some business partner/clients for Tronfi?

Swap Monster: This is a more interesting part, by being a DAO, our partners are our Community Members! Because we’re creating conditions for them to build better products, i.e. by integrating tBridge, also we’re going to have the TronFi Foundation, which main goal will be to help our community to implement great ideas on Tron! We expect many new product being developed by our community in the near future :)

Hubert: This is great compared to the project I know sir.

Swap Monster: Glad to know Hubert! Everything for a Community! :)

Hubert: Ready to come to the next question?

Swap Monster: Let’s do it!

Hubert: What is the ultimate goal of the TAI Token? and how it is different from PEARL

So it is a common question among our community! Those tokens are completely different and belongs to the different projects, Child projects of the TronFi ecosystem!

TAI token is a tBridge.io token, and the goal of the token is to reduce the costs of all the cross-chain transactions! Still, there is a chance of this token to receive extra functionalities if there will be a need :)

Regarding the Pearl, it is our Pearl.finance token, and it will the the governance token at Pearl.finance, similarly to the other projects we’re going to have vault and votes!

Hubert: Great. I got it between TAI and PEARL.

Swap Monster: Awesome! I hope I’ve clarified many people :)

Hubert: OK we come to the last question of segment 2.

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

Swap Monster: I could be short again haha regarding the fees

Because we heard a lot from our community that the fees are unsupportable, and there’s a need on solutions being implemented on alternative blockchains like Tron!

Still, we believe that we are creating a very attractive ecosystem for all the developers that are going to be very interested on implement their ideas wit the boost provided by us!

Of course we also want to keep our community happy, so we’re always working on strategic partnerships that will allow us to maintain the token price as well as spread the word about it, and also there are planned many events that will allow to our community to get some nice rewards!

As a sample is the Meme competition, that is planned to be launched soon

Hubert: Indeed, the cost on the TRON network is quite low and transactions are quite fast.

The last question is already done. Thank you @SwapMonster 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 3 min to ask. The Tronfi project will then choose 10 questions to answer.

Please do not copy questions asked by Vietnam Coin Market Community.

Let’go!

Now!

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

@SwapMonster, you may proceed now.

Question 1. As we know, ‘YAM’ another Yield Farming project running with un-audited code, faced with critical errors leading to the falling of ‘YAM’ v1, frozen 750k$. So how will TronFi prevent the same mistake from happening? Have you carried out multiple audits with independent parties?

To avoid that kind of situations, our team released several audits with independent coders known at certain circles as well as official audit by a 3rd company. Actually Pearl.Finance was THE FIRST product on Tron that passes a security audit by 2rd company

TronFi_io Just tweeted ********************************************** the very FIRST tron-based project that passed the 3rd-party security audit. https://t.co/8SXB5WgpMF

Question 2. For the success of a project, the investor, the community, and the developer play an important role. What is the tronfi’s strategy to get them involved?

The whole concept of the TronFi ecosystem is to get those essential pieces and build new DeFi on Tron! That is why TronFi was created, and that is why TronFi Foundation will be!

Question 3. What is the uniqueness of TronFi that cannot be found in other project. that’s been released so far? And how the demand of TronFi token will increase in the future? or what steps would you take to increase the demand?

We’re the first making things done at Tron! We were the first making an FYI, and tBridge! and many new things to come! A solid development on products with demain will increase the demand on our tokens!

Question 4. Will all the projects developed by TRONFI work together as tBridge.io and zSwap.io? or could each one work separately?

All of the products developed by TronFi are going to be independent, so easily integrable in other projects and products!

Question 5. Most investors are only interested in the short-term benefits of the project. What potential does Tronfi have to attract long-term investors to invest in the project?

The have TONS of projects coming soon under the TronFi ecosystem and TronFi Foundation

Question 6. What are the STAKING BENEFITS for HOLDING

You only benefit is getting PEARLS! You’re free to withdraw your funds at any time!

Question 7. Why is your logo a whale unicorn? What is its meaning?

Monodon Monoceros

The narwhal or narwhale is a medium-sized toothed whale that possesses a large “tusk” from a protruding canine tooth. It lives year-round in the Arctic waters around Greenland, Canada, and Russia. It is one of two living species of whale in the family Monodontidae, along with the beluga whale

Unicorn + Whale

Question 8. Who are TronFi’s strategic investors? And what does TronFi’s Roadmap for 2020 look like? What are your final goals for this year?

Entire crypto Community!

Roadmap not ready yet, but the goal is to lead DeFi on Tron

Question 9. One of your projects is “tBridge”. What will be the main mission of it? What tech will be used so that it provides low cost and fast speed?

Providing low cost and high speed of transactions between different lockchains!

Question 10. Defi is currently a trend for investors! Is TronFi going to create new Defi products under the Tron blockchain?

It is the CORE of the TronFi ecfosystem and TronFi Foundation mission

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

Hubert: Tks sir

We will go to Segment 4, the Tronfi project will ask the question. The first 10 correct answers will have a chance of winning. 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

Please @SwapMonster to ask Quiz questions.

Quiz 1. What is the PEARL final supply?

- 27.5k

- 30k <

- 35k

- 45k

Quiz 2. How many pools at Pearl.Finance are currently open?

- 4 <

- 3

- 5

- 7

Quiz 3. When was Pearl Launched?

- 23

- 25 <

- 26

- 27

Quiz 4. How long does a Pool stay up?

- Infinite

- Until staked money is not over

- 5 days

- 7 days <

Quiz 5. Can we mine PEARL using PEARL?

- YES, just by staking at PEARL at PEARL/TRX LP pool

- YES, It’s auto-mined

- NO, it’s not possible

- Only with PEARL-LP a different token we get by providing liquidity <

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

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

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

https://t.me/TronFi_io

https://twitter.com/TronFi_io

Website: https://tronfi.io/

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Website: http://vcmcommunity.online

Medium: https://medium.com/@chocoin_VN

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

Twitter: http://twitter.com/chocoin_VN

Facebook: http://facebook.com/chocoin_VN

Vietnam Coin Market Community: http://t.me/chocoin_VN
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