🏅RECAP AMA EPID COMMUNITY x PROJECT INVERSE

EPID Community
6 min readApr 28, 2021

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đź•–AMA Timing : 28th April 2PM UTC | 9 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
đź’°Reward Pool : 100$

➡️Part 1: Project Introduction.

MCK ở Circle K, [28.04.21 21:06]
Q1. Could you briefly introduce yourself as well as your project?

Germaine Ifudu, [28.04.21 21:06]
My name is Germaine Ifudu, I am the Co Founder of Project Inverse. Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.
In addition to my role in Project Inverse, I am the co founder of First Kudi, SEFA Foundation, and TLG Ventures. I have over 10 years of experience in Banking, Corporate Finance, IT and Project Management. We initially incubated Ferrum Network, and helped in delivering FRM’s success today.

Emeka Enu, [28.04.21 21:07]
My name is Emeka I am a the co-founder of TLG and the CEO of First-Kudi and SEFA. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. In 2019, we designed and launched First-Kudi, a crypto-fiat platform for the African Market. My background is in pharmaceuticals. I have always been an entrepreneur by trade and I have always tried to stay at the cutting edge of technological innovations.

Ikay, [28.04.21 21:07]
My Name is Ikay Enu, I’m a co-founder of The Inverse Platform. I’ve been in the crypto space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. I’m a physician by trade and I have always tried to stay at the cutting edge of technological innovations.

Ikay, [28.04.21 21:09]
Inverse is a counter-volatility DeFi platform that allows users to earn gains from the movement of other coins without having to hold those assets

MCK ở Circle K, [28.04.21 21:09]
Q2. What makes the Inverse project stand out more than the projects in the same direction at the moment?

Ikay, [28.04.21 21:12]
[In reply to MCK ở Circle K]
Inverse protocol is different because it allows users to earn from the movement of other coins on the market just by holding a single token. Users ise XIV, the native token on the platform to track the movement of other coins. If those coins reach or fall by a predetermined threshold, the user earns extra XIV.

MCK ở Circle K, [28.04.21 21:12]
Q3. What are the memorable milestones of Inverse in the research and development process?

Ikay, [28.04.21 21:15]
[In reply to MCK ở Circle K]
Project Inverse conducted a successful IDO and launched our own very NFT in early May. We have been listed on Uniswap and Multiple CEX, we have engaged in numerous partnerships, and on Friday, April 30th, we will be launching our platform for the world to use.

MCK ở Circle K, [28.04.21 21:17]
Q4. What does Inverse plan to do to attract more users in the upcoming time?

Emeka Enu, [28.04.21 21:19]
More videos, AMAs, interviews and tutorials. We may also have tutorials where users earn XIV for learning.

➡️Part 2: Question From Twitter (5 best questions).

MCK ở Circle K, [28.04.21 21:22]
Q1. @huynhminhnhat14
A Iot of bIockchain projects are on paper onIy and no product or product has no practicaI meaning. PIease teII us which products are currentIy focused on?

Emeka Enu, [28.04.21 21:23]
One April 30th come and use the platform

Emeka Enu, [28.04.21 21:24]
Here is a lot information that can answer you questions:
Welcome to the Inverse community
Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.

More details available here:
https://tinyurl.com/ProjectInverseintro

🔥Contract address :
0x44f262622248027f8e2a8fb1090c4cf85072392c

đź”·Hotbit:
https://www.hotbit.io/exchange?symbol=XIV_USDT

♦️Bidesk:
https://www.bidesk.com/exchange/XIV/USDT

🦄 UniSwap pair:
https://info.uniswap.org/token/0x44f262622248027f8E2a8Fb1090c4Cf85072392C

📉Dextools:
https://www.dextools.io/app/uniswap/pair-explorer/0xdaef1026b0c63eed3b2b86af396d724ddb9dcd18

🚀Vault Ship 1:
https://opensea.io/assets/0xf545f26c101a2bb404b9228699ab885bf5b730ed/1

Inverse Foundation Tokens & Wallets:
https://medium.com/projectinverse/full-disclosure-project-inverse-foundation-tokens-wallets-56a979e85c4e?source=friends_link&sk=43c6c52f81f5b02aab582f2eeec0cf1c

Team Members, Advisors, & Admins
@Gem123451
@Ray0840
@Arkayn
@THEMAVEN
@gabtycoon

Helpful links:
White-paper — https://docsend.com/view/avgpqxphp3xb7g6f

Marketing Deck — https://docsend.com/view/tbgrbycmgrrmun28

Token Metrics — https://docsend.com/view/7e2udtrjrbup7sai

Website — https://projectinverse.com

Team & Advisors — https://projectinverse.com/team/

https://github.com/Project-Inverse/Inverse-Protocol

Medium — https://tinyurl.com/ProjectInverseintro

Twitter — https://twitter.com/inverseproject?s=11

Telegram — https://t.me/ProjectInverse

Telegram ANN — https://t.me/Project_Inverse

Reddit — https://www.reddit.com/u/Projectinverse/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

YouTube — https://youtube.com/watch?v=teFc-U6EYcc&feature=share

MCK ở Circle K, [28.04.21 21:25]
Q2. @Etaguebou
Partnership with other project(s) result in synergy that would increase growth rate. Which project(s) has #Inverse partnered with or looking forward to partner with?

Ikay, [28.04.21 21:28]
[In reply to MCK ở Circle K]
We are partnered with Ferrum Network! They helped to incubate us and we launched our IDO through them. We have other partnerships including Rocket Vault, Fusible,

MCK ở Circle K, [28.04.21 21:29]
Q3. @Kupi18
What are the difficulties you have been faced during the development of Project Inverse ? How many product have build on your platform? Can you tell some highlights from them?

Emeka Enu, [28.04.21 21:34]
Covid-19 has been an issue to all of us. We have to work remotely, sometimes working with your devs face to face helps you solve problems quicker. This is something we miss. However we have overcome to build great platform called Inverse.

MCK ở Circle K, [28.04.21 21:37]
Q4. @QuinnJosephine4
My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal consumer — especially non-crypto people?

Ikay, [28.04.21 21:41]
[In reply to MCK ở Circle K]
Good question. We have a host of YouTube influencers working with us. We partnered with Ferrum which are working with us on promotions. We have created a Flash Vault that allows other projects to feature on our platform for one month. We also have multiple incentives for users including gains by adding to the Liquidity pool, and APY for holding our NFTs.

MCK ở Circle K, [28.04.21 21:42]
Q5. @ChrisChriscraw
Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does Inverse team deal with these issues?

Ikay, [28.04.21 21:45]
[In reply to MCK ở Circle K]
Good question, we are fully registered to conduct our IDO and launch this product. Our platform is a fully decentralized and is not subject to any jurisdictional oversight. Our platform works through a Web3 wallet,

➡️Part 3: Free asking (5 best questions)

Q1: Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
A: We have a entire security protocol on our WHITEPAPER.

Q2: Revenue is an important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model?
A: We generate revenue as the tokens rise in value and the staking losses from the tracking vaults add up in the liquidity pool.

Q3: What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
A: Our top priorities are launching, adding more coins to the tracking vaults, and launching peer-to-peer stake.

Q4: Tell us a little bit about your security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results
A:
Very good question. Security is paramount to what we do at Project Inverse. Certik Reviewed the Code and we have additonal code reviews coming.

Q5: Early March, we saw an implementation of Project Inverse first NFT and lottery sale, can you tell us the utilities of the Vault Ship one NFT, what incentives are the NFT holders entitled to?I also read that each of the major vaults on the INVERSE platform will have its own NFT in the form of a signature Space Ship. so when is the next lottery round for the NFT of the other vaults?
A: Stay tuned, some announcements on more NFTs will be coming on the later months.

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