🏅RECAP AMA EPID COMMUNITY x MOVEDEFI

🕖AMA Timing : 19th April 1PM UTC | 8 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 100 USDT

➡️Part 1: Project Introduction

Q1. Could you briefly introduce yourself as well as your project?
A: This is Adam, founding partner 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 which sold to Binance) 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.

Q2. What makes the Movedefi project stand out more than the projects in the same direction at the moment?
A: 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.

Q3. What are the memorable milestones of MoveDefi in the research and development process?
A: 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.

Q4. 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? @adamjacobs
A: 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

Q5. What does Movedefi plan to do to attract more users in the upcoming time?
A: 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).

➡️Part 2: Question From Twitter
Q1: @Afran145
As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?
A: We will be a global project expanding by leveraging our close relationships in the blockchain and finance space. We are close with many leaders in the community as well as top exchanges.

Q2: @QuinnJosephine4
Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
A: This does into what we do with our MOVE token which shows the true benefits in our ecosystem. 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) . NFT can be used as other liquidity asset as one of our basic
collaterals, 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

Q3: @VNur7238
Many investors hit and run in the sell and sell session after listing on the first exchange, How did your project prevent early investors from selling their tokens and what benefits you would give them?
A: We plan to incentivize users to hold the token by generating true value in our project that can be applied to real world problems. The lack of alternatives for loans collateralized by NFTs is a result of the larger
challenge of NFT liquidity and determining the price of NFT assets. The same issue
that fungible (ERC-20) tokens faced prior to the AMMs (automated market makers)
were introduced. NFTs-backed loans will boom once the problem is solved and an
efficient price discovery mechanism is established.
The MOVE token has also 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).

4. As we know, every successful project has a few stories behind the scenes, what’s the story behind MoveDefi success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming MoveDefi updates that you want to show/share with us? @adamjacobs
A: 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.
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.

➡️Part 3: Free asking
Q1: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
A: we have raised private funds and plan to do a public and private token sale in the near future. This is going towards further tech development as well as amrketing plans

Q2: What are your main features that distinguish you from other projects and what competitive advantages do you have ?
A: 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.

Q3: What is biggest focus for MoveDefi at the moment? and does MoveDefi has any plans to keep up with this productivity in the future?
A: 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

Q4: Are you a global project or local project? Can anybody anywhere use Your project without any restrictions?
A: we are decentralized and global. we plan to have users all over the world

Q5: DeFi is an important Blox ic in the blockchain space right now, can your share their opinions on DeFi? Do you think that DeFi will disrupt the existing financial system or do you think we can live in a balance where both systems can work cohesively?
A: we will be able to live in a world where both exist. Maybe one day far down the road, they will be equal competitors, but for now there is tremendous room for further growth, It is still very early

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