RECAP AMA EPID COMMUNITY X GATORVAULTS
🗓️ Date: 10th August 2 PM UTC | 2 PM (GMT +7)
🏚Venue For AMA: @EPID_Community
💰Reward Pool: 100$
➡️Part 1: Project Introduction.
Q1. Could you briefly introduce about as your project?
I am a professional developer with more than 20 years of coding experience. I was lured into the Defi world since start and have explored all possible ways to make a great safe and secure project for the community. Currently i am leading a team of 5 people that work in our Gatorvaults project. gatorvaults is a yield aggreegator , this means that people can stake tokens or lp pairs for free and the solution delivers an autocompound for free. only cost is a small fee on the gains of the users , initial capital is returned. this allos users to save on gas costs and at the same moment compound 12-24 times per day. this means that the user saves 6-12 usd per day per token which lets say if user has 5 tokens staked equals to an amount of 30-60 usd per day.
Q2. What makes the GATORVAULTS project stand out more than the projects in the same direction at the moment?
as we in gatorvaults say security is number one priority. this makes us special compared to other projects that exists. We value the money of our users and for this we have given great importance to the security. Thus we have made an Audit with paladin which at the moment stands as the golden standard in defi audits. We have also created the perfect auto compound algorithm for our users to have the best rewards.
Q3. What are the memorable milestones of GATORVAULTS in the research and development process?
memorable milestones i can refer to are mostly the way we set up the project. We did a huge amount of tests in main net in order to be sure that our users funds are secure and everything works perfect. but we didnt stopped there. we made the best audit available at the defi world today in order to spot and fix minor bugs. And last milestone was the start of a fair presale that will not benefit whales or anyone that could dump the token price.
➡️Part 2: Question From Twitter (5 best questions).
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?
We know that a lot of people give importance to the price of the token. But we have put in order a great token mechanism that has tax and imports autoliquidity to burn address in order to be sure that the selling pressure will be limited. But wthere is realy no reason for a user to sell the token since our token rewards user with the platform fees. Roughly 85 per cent of the total gatorvaults fees go to the token holders by a special staking contract ( please note that the staking contract is excluded from tax). so in the long term the user will break even the cost of the token purchace from the rewards not to mention the ever increasing price floor that will lead to higher prices since no new tokens will be minted and tkens will be burned in every transaction.
Until now with what kind of security do you have in #Alligator for users about the vulnerability of vaults because for many hackers,this is remarkable because of the capital processed in vaults, users will have to pass KYC or some kind of verification to register with #Alligator?
Gatorvaults is a DAO which means that after launch the community will be in charge of the project by voting. Thus since its a dao we don't need kyc . We are in a decentralized world where a user is represented by his wallet adDress. Regarding security we are audited by the best auditing firm in the space at the moment Paladin. They have find the dark spots in code and we have fixed every potential vulnerability.
Can u Tell us a little about the role of your tokens and project within the entire ecosystem. Will it act as a simple payment currency on all your products? Or will its holders have some sort of benefit or vote in the project decisions?$
As we stated in preview answer our token gives benefits to the token holders which can sum up to : 1) token holders are rewarded with 85 per cent of the performance fees of the platform which means that they will get daily rewards for having the token 2) token holders will have the right to vite in order to take all the decisions that will involve Gatorvaults strategy and funds. Thus the users will decide for amount of tax, use of community funds , etc etc.
1- Token price increases sharply
2- make Token valuable and stand out
3 Create trust in the Community
From the above 3 aspects, I want to ask, Which is the most important for your project?
If all of the above are important to you. Which will you do first?
In our long presence to bsc we have created the trust needed to be respected members of the community. We have created a token and a project that will give a stand out advantage which in the long term will lead to the price increase. so yes we think of all the 3 above but at the moment we have already 2 and 3 achieved.
Your project is fantastic and good idea and each project has interesting stories before it is created. So can you tell people about the story, problems, difficulties, that gave you the motivation to build and develop a great project like "Gatorvaults " ?
In our presence in defi world we have seen noumerous scams, rugs , etc etc and money greed motivated developers. since we come from te real economy and real programming business we wanted to give the community a safe space to put their crypto and earn without beeing worried that a project might close or anything like that. this motivated us to make the Gatorvaults.com
➡️Part 3: Free asking (5 best questions)
What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Our project aims to become the top and only yield optimization platform in the decentralized space. We aim to be near the community and new projects every day and we aim to have always reviews when adding new coding elements to our project so we stay the most secure and the most up to date project in the space.
Can you give us an overview of Project economics? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?
Regarding the token the token is a deflationary token with fee sharing. The token holders are awarded 85 per cent of the platform fees. The token price is connected with the community involvement and thus we are inviting everyone to hold at least 1 token and have a part of fee saring. you can get the tokens from presale.gatorvaults.com you can also take part in promo in twitter and in telegram in order to get free token and prizes.
How much fee do vaults take from users? and how many vaults do you plan to open for users in the short term?
The vaults have zero fees when a person deposits . The fees come from vaults autocompound function and are just 4 per cent of the gains from vault compounding. This is a minimal amount considering a user has a profit from fee saving up to 12 usd per vault per day ( this is the cost if he compounded in contracts without using the vaults. We aim to put up a lot of vaults in start of the project and we also aim to put up new projects tat come on life every day . we are well connected to community and we are going to list the projects for low fees so people can get maximum gains.
Sir Where can I buy your tokens right now and also which wallet support CAN you explain the background of your team?
yes you can buy our tokens at the moment by visiting presale.gatorvaults.com there is a minimum buy of 1 token ( this is 0.1 bnb ) and we are going to list the tokens hgher than the presale price. We support multiple wallets. so you need to go to page and see the multiple ways to connect. Regarding team background it was answered before , we are having a cmbined experience of more than 100 years i coding.
Is a global project? Is there a plan to cover Korean, European and African communities? Do you provide multiple languages for non-native English speakers?
thank you for this interesting question. We have translated our site for users to be able to interact easier. In the meantime we have pen community mods possitions for many languages and we will be lad if you contacted us to submit yourself for a possition in the community channels.