RECAP AMA EPID COMMUNITY X BUFFER FINANCE

🗓️ Date: 14th September 4 PM UTC | 11 PM (GMT +7)
🏚Venue For AMA: @EPID_Community
💰Reward Pool: 100$

➡️Part 1: Project Introduction.
Q1: Can you give a brief introduction of what Buffer Finance is? What is it aiming to do, and what it intends to solve in this industry?
A:
Buffer is an on-chain peer-to-pool options trading protocol.

It allows any one to buy options against any asset without the need of a counterparty/option seller.

All options are created and executed against a Liquidity Pool where any one add liquidity and earn yield from the option premium paid by option buyer.

Q2: Can you share some of your background and experience? How did you know and get involved in cryptocurrency? What made you/your team decide to found Buffer Finance?
A:
We have been investing in crypto and options since a long time - We observed options being a multi-trillion dollar thing in centralised finance has not found a great acceptance in defi - majorly because it’s considered something complex and is dominated by big banks and hedge funds.

We as a team have taken a mission to bring options trading for everyone by simplifying it and making it accessible to everyone.

Q3: Currently, there are many scam projects that cause investors to lose. So, Why we should choose and trust Buffer Finance?
A:
Buffer Finance is under the audit process by one of the well know and top audit firm + We have released complete product on the Testnet already for users to Try. Currently more than 3000 users have already interacted with buffer's Testnet Contracts.

We have also made the full code public so we can be publicly scrutinised,

➡️Part 2: Question From Twitter (5 best questions).
Q1: @KyEm_506
what's the difference between the $iBFR tokens and the $rBFR tokens? With regards to the $iBFR token, will there be a vesting period for releasing tokens?
A:
$iBFR token is the native token for Buffer Finance with tons of utility including revenue share for $iBFR stakers and then regular buy backs and discount over the settlement fee.

$rBFR on the other hand is the Liquidity token for Liquidity Providers. rBFR tokens holder receive option premiums paid as yield and they can also stake $rBFR to earn $iBFR

Vesting for IDO is 30% upfront and then 15 day cool down then 8 weeks release

Details can be found here —> https://docs.buffer.finance/tokenomics-1/usdibfr-tokens

Q2: @DepzaiFill
Of which businesses and alliances is Buffer satisfied?
What is the main motivation for your project?
A:
We have partnered with Super Launcher and Lithium ventures as our Launchpads - More LaunchPads will be coming up !

Main motivation is to disrupt the multi-trillion dollar industry on CEFI and Bring it to DEFI and make it accessible to everyone around the world.

Other than then our LaunchPad partnerships we have multiple communities and Media platforms supporting us.

Q3: @Manikmama_
Take a look at your RoadMap in Q4. that There are INSURANCE FEATURES. What are Insurance Features and how do your products generate revenue through them? Will your insurance provide protection against wild price fluctuations? And how is it different from other insurance?
A:
Yes Insurance is a key product that is offered above our options trading platform. It will allow anyone to buy hedge again the downside.

The difference is it will be against a liquidity pool so the Liquidity pool will act as an insurance writer and we all know how profitable being an insurance writer is and now it's available to everyone.

Q4: @CRYPTO_KING98
Among the various ways you can participate in the ecosystem of protocols mention that, "BECOMING A LIQUIDITY PROVIDER", but, how can I become a liquidity provider of Buffer Finance, what are your requirements demanded for this?
A:
Anyone can become a Liquidity Provider

Bu adding BNB to our Liquidity pool

After adding Liquidity you will get a rBFR token

and You can earn yield from he option premiums paid

By Options Buyer

https://testnet.buffer.finance/liquidity

Right now it's live on Testnet

So anyone can try it out!

Q5: @caiDuma13
Most solid projects with token utility and good infrastructure but perform poorly because investors dumped after listing on the first exchange. How do you prevent early investors from dumping your tokens?
A:
Other than providing high utility we have also made the vesting slow and steady to make sure tokens are released slowly

We have also multiple staking pools planned to reward stakers and long-term holders.

To start with the initial circulating supply is kept at less than 400K

➡️Part 3: Free asking (5 best questions)
Q1: @WAR_0099
Staking programme is very important for any project, Can i stake your token? Do you have any plan of starting staking programme?
A:
Yes we do have multiple staking program the 1st one immediately after the Launch will give direct WBNB rewards for Staking $iBFR

We will also be launching LP staking for LPs as we start bootstrapping liquidity

Q2: @lumoppla
What is the role of token in the ecosystem? Where can users currently buy it, and what would be its use?
A:
Key uses are Revenue share - so you can stake and earn revenue + There will buy backs and burns + Governance and Liquidity mining and another one that will be introduced later would be discount on the settlement fee for the holders.

Q3: @Tieumy22
What information can you provide us about the Tokenomics of your tokens; what is its use and model; How is it recommended? Is it part of a deflationary system to help drive value appreciation?
A:
You can check our detailed tokenomics here. https://docs.buffer.finance/tokenomics-1/usdibfr-tokens

Q4: @Longtu4
While you build your project, do you take into account community feedbacks and demands?
A:
Yes we will - post Q1 2022 we will allow voting over multiple proposals and will shift to a completely community governed DAO

Q5: @Longtu4
What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
A:
Buffer Business model is very simple we charge two types of fee whenever someone buys an option or places a bet against our Liquidity Pool

1. The Option Fee —> This fee goes to Liquidity provider as yield

2. Settlement fee —> This is the fee we charge as protocol/service provider - 100% of this fee is transferred to $iBFR holders via automated revenue share transfer and buyback

Our community first approach allows us to focus on building and sharing our success with them.