🏷️RECAP AMA EPID COMMUNITY x PEAKDEFI

EPID Community
7 min readJan 28, 2021

EPID is Hosting an AMA with PEAKDEFI.
🕖AMA Timing : January 27th 2 PM UTC | 9 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 100 USDT

➡️Segment 1: Project Introduction

Q1: Can you give a brief introduction of what PEAKDEFI is? What is it aiming to do, and what it intends to solve in this industry?

A:
PEAKDEFI is a decentralized, performance-based asset management fund, created to connect investors and asset managers for capital growth.

The Idea of the PEAKDEFI fund is the idea of a mutual fund which is basically pooling your money with the money of other investors and investing it in a portfolio of different assets.

The PEAKDEFI fund is a decentralized fund, programmed as a smart contract on the Ethereum blockchain, managed by different Managers in a decentralized, permissionless and smart way to get the best outcome for everybody involved.

Investors can invest in the contract and buy a share of the PEAKDEFI fund, whereas managers can participate in on-chain trading with the fund’s capital.

Additionally, it is also possible to stake PEAK token and receive affiliate rewards on https://peakdefi.com

Q2: Can you share some of your background and experience? How did you know and get involved in cryptocurrency? What made you decide to found PEAKDEFI?

A:
My name is Sergej Heck and I am the founder of PEAKDEFI. I started my professional life as a graduate engineer at a large German automotive company and at the same time I started to work in online marketing.

In 2015 I was able to focus completely on online marketing and since then I have also been involved with cryptocurrencies. Today I run a crypto consulting company, two german speaking crypto magazines and PEAKDEFI Protocol.

Over the years as a CEO of crypto companies, I have been able to make some contacts and find out the everyday problems of the crypto community. This ultimately led me to launch PEAKDEFI Protocol. Because the traditional finance market is outdated, we need for the new generation faster, more transparent and trustless solutions.

Q3: Currently, there are many scam projects that cause investors to lose. So, Why we should choose and trust PEAKDEFI?

A:
Absolutely, I’m completely with you on that!
Security is very important to PEAKDEFI, so it was also important to have our smart contract audited by one of the largest blockchain security companies in the world. Quantstamp has completely reviewed and audited our Smart Contract.

In addition, each investor in our project connects directly to the Smart Contract using their own wallet, so the funds never go to an intermediary. Communication takes place from the investor’s wallet directly to the smart contract. Our PEAKDEFI protocol also relies on various recognized DeFi protocols to make all operations as smooth as possible. If you want, you are also welcome to take a look at Quantstamp’s audit report later. You can find it here:

https://certificate.quantstamp.com/full/peakdefi

Q4: What for results you achieved already since PEAKDEFI is launched?

A:
The results we have achieved since our launch on December 9 are very good.
We have over 510 thousand USD assets under management (AUM).

A total of over 19.45 million PEAK worth almost 5 million USD has been staked. And we already have over 2250 users using our protocol! This is a phenomenal result in the DeFi world after such a short time.

Q5: What is a mission of project?

A:
The vision of PEAKDEFI is to enable everybody on the planet to grow their wealth, no matter what position they are in at the moment.

And our Mission is that we want to provide a decentralized investment gateway that is easy to use and accessible for millions of people to shape their future.

So it would be amazing if your community would be a part of the PEAK ecosystem.

➡️Segment 2: Question From Twitter

Q1: @ZainShin1
DeFi is so popular that many platforms are competing with each other … as blockchain projects begin to build protocols & applications to support DeFi. So, what is your strategy to attract new users in the DeFi world?

A:
We have several different strategies: First, we want to deliver a great easy to use protocol that is secure. Second, we have right now a first mover advantage with our PEAKDEFI fund compared to other companies. And third, we developed an affiliate program in addition to the fund to incentivize the users to recommend PEAKDEFI.

Q2: @Nanacy86635239
On this year as i see so many project born with each feature. And all of them will be usually release farming, staking, exchange, pool, and etc. Now what i am asking, what about the PEAKDEFI?

A:
Thats a great question! This features that you mentioned is not the main product of PEAKDEFI. Because such features not really solve problems in the world. Therefore we created with PEAKDEFI a decentralized fund. And with this DeFi fund we really solve problems in the traditional finance world. The traditional hedge fund market is huge and outdated and a DeFi fund simply has much more advantages over a traditional hedge fund:
— You have no middlemen or entity between that has the control of the fund
— You have less fees because of full automation of smart contracts. So you have no bureaucracy or management that you need to pay for.
— The smart contract works 24/7 borderless
— Easy and fast onboarding due to less obstacles

Q3: @havu76114190
Some projects come with introducing their respective goals & strengths in the AMA promotion event, but many of their projects do not last long & live long and even tend to die after that, what about the #PEAKDEFI project? Can you be a project that will stay in the future?

A:
Yes definitely. We have our team already since the beginning of 2019. And we created already a big ecosystem in such short period of time. We have MarketPeak as our education and software platform for Newbies in the crypto market and also we have our PEAKDEFI wallet app with over 20,000 downloads on iOS and Android. And with PEAKDEFI our latest and biggest project launched where we invested a lot of time, effort and money for development and security. Our teams becomes bigger and bigger. So we are confident to stay in the next 5 years and more, because we achieved great results proven by the numbers you see.

Q4: @BnhMinh10791506
Investor confidence is very important. In the total supply, what is the percentage share for the share of sales in the market? Is this amount able to increase the market price?

A:
I do not understand the question exactly. Cause we do not sell products. We offer a DeFi fund where users can invest in a decentralized way. And if the fund is profitable everyone get profits. So its a win-win situation to all. And we as creators of PEAKDEFI only receive a 0.1% developer fee of AUM (assets under managment). So thats nearly nothing. But thats the great thing on DeFi.

Q5: @Capt__Boeing
Security & User Interface are the Most Important Aspect that Users see on a platform. How has Your Project worked on this? Is Platform suitable for Newbies in the crypto world?

A:
We hired a very experienced team for User Interface and smart contract development. And also hired one of the biggest smart contract security companies of the world Quantstamp to audit our code. So you can check on your own how amazing and smoothly our UI works. Just visit peakdefi.com and try it out 💪

➡️Segment 3: Free asking

Q1: @Namngu1
What is your most ambitious goal of your project? We would appreciate it if you could share with us any Upcoming Updates?

A:
We want to become the biggest DeFi fund in the world! For this year 2021 we have several updates: 1st to deliver crypto visa cards on our PEAKDEFI wallet app. 2nd we will launch yieldfarming in Q1. 3rd we will launch “Protection Staking” that will cover your losses if the fund is not profitable. 4th integrate NFTs

Q2: @smithshanny
Where can tokens be bought? What plans do you have as regards partnering to list on major exchanges? CEX or DEX?

A:
You can buy the PEAK tokens on CEXes like Bibox, Probit and P2PB2B or you can buy them on DEXes like Uniswap, 1inch and Balancer. We already have on Uniswap a liquidity of around 700k USD 💪

Q3: @Koivesa
what are some key features that set PEAKDEFI aside? What does PEAKDEFI have that other projects don’t have?

A:
Our biggest USP is that we have a performanced-based DeFi fund. So we have an automatic process for traders: The traders who want to manage the fund needs to stake PEAK token and also buy Reputation token. This Reputation token they need to use for every trade they make. And if they trading bad they loose reputation and if they trading good they gain reputation. Then more reputation you have then more you can manage from the assets under management. And therefore only the best traders will stay 🚀💪

Q4: @Yogesh_Nur
A partnership is essential for Adoption, so can you tell us what partners you have now and in the future?

A:
Yes! We already have a partnership with Moonpay for our PEAKDEFI wallet app to buy easily crypto assets with credit card or bank wire. Then we have a partnership with 1inch for our PEAKDEFI fund where we use their protocol to exchange the assets.

Q5: @rimkimiu
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners? Can anybody anywhere use this project without Any restrictions?

A:
We are a global project. So everyone can participate as investor, trader or affiliate. Our biggest markets right now are Europe and Asia. Espiacally in Vietnam we already have tousands of users who using PEAKDEFI.com and our wallet app https://peakdefi.com/download/

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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