🏅RECAP AMA EPID COMMUNITY x KNITFINANCE

🕖AMA Timing : 13th March 13 PM UTC | 8 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 100$

➡️Segment 1: Project Introduction

MCK ở Circle K:
Q1:
Could you briefly introduce about yourselves as well as your project?

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Hello guys,
I am Sainath Gupta, CEO of Knit. Finances. I made India’s first mobile point of sale that is Aasaanpay in 2011. I have been a successful fintech entrepreneur since then. I have a rich decade plus experience in fintech.
.
Knit.Finance is a multi-chain synthetix DeFi protocol which bridges the gap between DeFi and non-ERC20 tokens. We observed the problem when we wanted to use non-erc20 tokens in DeFi and no option was available. Some current projects are coming up but there are still few issues which we wanted to address. Hence we started with Knit.Finances.
Initial launch plan is in the Polkadot, Binance Smart Chain, Ethereum and Matic.

MCK ở Circle K:
Q2:
What makes the Knit Finance project stand out more than the projects in the same direction at the moment?

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Our vision is to enable DeFi on multiple chains, our execution is matching our vision thanks to a great team , some unique points if our product are ::
1) Multi Chain availability
2) Multiple assets of Crypto support
3) Multiple classes of assets support
Our mission for Knit finance is to Build loyal community and iterate great products with them

MCK ở Circle K:
Q3:
What are the memorable milestones of Knit Finance in the research and development process?

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Having a great team assemble in last year
Alpha launch : Eth Testnet Dec 2020 success , feed back from community : very good
Beta launch : Eth test net, Binance Smart Chain, Polygon :: Jan 2021 success : feed back from community : awesome
Main net launch : April :: On time

MCK ở Circle K:
Q4:
What does Knit Finance plan to do to attract more users in the upcoming time?

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Currently made a product after feedback from multiple stakeholders
In future as well we will stay close to customers and make ones which will get more impactful with community and have a word of mouth.

MCK ở Circle K:
Q5:
Who are some business partner/clients for Knit Finance?

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Any Chain, dEXs, lending protocols, AMMs can be our partners

We have just announced our partnership with PlotX. You can read in detail about it here : t.ly/WunG

Our previous partnerships can be found on our medium blog. Mostly we get feedback that our project is unique and will bring some many changes in the ecosystem. We are working hard as well.

KnitFinance & Elrond collaboration will enable eGold & Elrond assets to be tokenized and issued on other blockchains,& vice versa. As a result,
DeFi products on the Elrond mainnet will be able to include tokenized assets originating on other chains or outside of the blockchain space completely.
With KnitFinance support, Elrond Dexes will have access to multiple types of assets like Crypto, Capital (Tesla, Aapl..et al ) and bullion (gold, silver, et al) .

OroPocket partnership will enable offerings of OpenDeFi on multiple chains with KnitFinance multi chain solutions. This partnership will enable deeper penetration of OpenDeFi in binance smart chain and polkadot ecosystem soon and multiple chains later supported by KnitFinance later builds.

Some of the upcoming partnership which are already in the pipeline:
10 + already signed
12 + in pipeline

➡️Segment 2: Question From Twitter (3 best Question)

MCK ở Circle K:
Q1) Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.
@Itachicvc

Sainath@Knit.Finance Unlocking True MultiChain Defi:
We have an well experienced and well rounded team which possesses proper and thorough knowledge about the Crypto market On technology and business side.
I’m Founder of Aasaanpay India’s first Mobile POS in2011, have a decade plus rich experience in Financial Technologies. Tech team cumulative experience is 20 years and so is the business team is 15 years.

MCK ở Circle K:
Q2.
1. Are you planning to enter any other major exchange and how soon?
2. Are there any plans to expand the ecosystem?
3. How safe is your project from outside distractions?
@CalebKure

Sainath@Knit.Finance Unlocking True MultiChain Defi:
All i can say is we are in deep level discussions with some exchanges, You can find updates about us : https://t.me/knitfinanceann

MCK ở Circle K:
Q3. What are the ways for Knit Finance to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
@bao300

Sainath@Knit.Finance Unlocking True MultiChain Defi:
Good question for development of knit and sustainability of ecosystem we need revenue
To cover this we charge a small fee Every Time a token is swapped and that’s the source of our revenue.
Our Business Development team is working hard everyday to raise our business and we will soon be accomplishing our desired goals.
Our recent partnership has been signed with PlotX.
Our earlier partnerships include Elrond , oro Pockets. We support Knit finance, Elrond Dexes will have access to multiple types of assets like Crypto, Capital (Tesla, Aapl..et al ) and bullion (gold, silver, et al) .

➡️Segment 3: Free asking (3 best Question)

Q1: @nganchukerew
While you build your project, do you take into account community feedbacks and demands?

A:
We are for the community and by the community

Community is most important for us

Hence feedback is taken at every step and as well there wishes

Q2: @dungpro123
Hello team KNIT FINANCE @SainathG

- Increasing Token price
- make Token Valuable
— Building Community Trust

From 3 aspects above,. I want to ask,. Which one the most important for team KNIT FINANCE?
If all above are important for team KNIT FINANCE,. Which one that Will team KNIT FINANCE do first?

A:
Community support is important for long term sustain of the team hence
Community is first priority

Q3: @abouvs
Can you introduce the KNIT ecosystem? What services / infrastructure does the KNIT ecosystem include and what the project is headed for?

A:
We support multiple chains and synthetic tokens that are 1:1 collateralized and 100% verifiable. While some projects are providing single tokens for multiple coins which we think might create confusion to users while maintaining the portfolio and converting tokens to its original form.

➡️Segment 4: Quiz

We will choose The fastest 4 right answers to win

@h2k4h3
@jackytran123
@dfingg
@ddogeminerg

Thank you for the support and enthusiastic participation of the community!
Telegram: https://t.me/EPID_Community
Twitter: https://twitter.com/epid_community?s=21
EPID NewS: https://t.me/EPID_NewS

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