Recap of JDIs First AMA at Apeswap
In a view to create more utility for the JDI token, the team, represented by the Co-founder, Jazzdino, held an AMA session at Apeswap Official Telegram group Chat. Below is a transcript of what went down, for your reading pleasure.
Host: DK of Apeswap
What ape everyone! We are very excited to be hosting JDIyield for an AMA 😄
The AMA will be broken down into three major parts:
Part 1 - 5 introductory questions from ApeSwap
Part 2 - 5 Twitter questions - $25 in JDI to each winner
Part 3 - 5 live questions that will be picked during the AMA - $25 in JDI to each winner
Want to give an introduction on yourself?
Thank you @DKdonkiekong.
Hi all apes, I am Jazz, one of the founders of JDI Yield.
We started off as community members in a chat group from https://www.facebook.com/blockchainreviewth.
We helped people withdraw their funds from rug pulled sites. It has only been 2 months since then but we felt like a long time has passed. After we launched our first version for community, we found patterns in every farming site.
So we created an interface and set up, https://jdiyield.com, where people can withdraw their funds from the site.
We did the IAO with apeswap on Apr. 2,03:00 UTC. We have enhanced our site since then. It has been a good time.
DK - of ApeSwap:
Thanks for the intro Jazz 😄 Ya the JdiYield IAO was a blast!And I know JDI has been continuously building since then 💪 Very excited to get all the latest details from you during this AMA.
Question — Could you please introduce Jdiyield and give us a brief overview of how it works? (for those new apes who missed the IAO)
Yeah, sure.
https://jdiyield.com is a site where people can unstake, withdraw their funds safely when their main sites are experiencing downtime or shut down.
Now, we aim to be one stop service for all yield farmers. Apart from withdrawing from rug pulled farm, you can monitor your portfolio, harvest, stake and check how your portfolio performs.
In the next phase, we will introduce certified by JDI to make users feel safe farming on a site.
DK - of Apeswap:
Love the explainer. Thats super helpful for anyone who is not familiar 🙂
Question — How does the team look for JDI? Who are the key players and what are their roles?
We started with 2 founders but grew bigger overtime. We currently have divided into 3 teams:
* Me, Jazz with background in Finance industry, works as a head of the business team.
* Hanumi is the Head of our Developer team. He has the background in programming.
* Marketing and social media team.
Currently we have around 15 people in total working on various parts of the projects. We have recruited highly skilled developers and professional UX/UI designers.
DK - of ApeSwap: Always love hearing about teams expanding 💪 It takes a lot of work to keep a project moving and shipping new features.
Question — Could you explain what the purpose of the JDI token is within your ecosystem?
JDI tokens are for PRO features on our website. 2000JDIs are required using the PRO version. Holders of 2000 JDIs will also be eligible for weekly airdrop rewards until we are ready for PRO features.Regarding the PRO usage, you can find out more in the link: https://www.jdiyield.com/features
Some important features from the original version will be free for users as we want to be the last resort for any users against rug pull. Nevertheless, the PRO users are entitled to luxury features which will support users with their portfolio management. Some features will be tracking their portfolio value overtime or harvesting all farms in one place.
Still, the features for PRO are in the process. For now, there is no restriction on our site.
Additionally, we plan to introduce PRO in a more affordable way without jeopardizing the existing holders. Once we have plans for our solution, we will let the communities vote for them. You can join our community at —
https://t.me/jediyield
DK - of ApeSwap:
Very excited to see the new features when they come out! I loved the JDI platform right when I saw it so im sure the new features will be 🔥 Lets dive in to the platform a bit more.
Question — What advantages or differentiators does Jdiyield have vs similar projects?
1. One Stop SAFU Service PIONEERS
JDIYield was the first platform with the features to help our users unstake LP from their farms even after the farming platforms decide to 'rug pull' on us and close down their websites. This movement is well known in the Thai DeFi communities where we started out, helping us build up a reputation as a SAFU service platform.
2. Capable Team
Competent developers are a key element in crypto market competition. Our developers are not only skillful, but also working together as a big team, which we just recently recruited more not long ago. Our users can clearly see that the core platform has been receiving development updates daily to better improve the performance and provide smoother experiences.
Our team is not only consisting of devs but also dedicated UI and graphic talents. They bring out an emphasis on memorable JDIYield brand image to get ahead of the market while creating closer connections with our beloved users like no other players can. The brand assets created can also be easily utilized in future works such as NFTs.
In a fast paced environment like DeFi, a great team is a must or we are not resilient to the changes in the space.
3. VERY Strong Community
JDIYield has more than 5,850 lovely Twitter followers.
We also have 3,000+ members in the Thai Telegram community and 2,800+ in the Global one.
Our strong communities are working together constructively with the team to help brainstorm on new ideas, helping out newcomers, and giving feedback for us to continuously improve. This is where we learn fast and adjust to our actual user needs promptly.
4. Partners and Influencers
We have joined forces with a lot of projects. To name a few: Salt swap, ThunderSwap, JetFuel, KoalaDeFi, Squirrel Finance, HyruleSwap, Wault.
There will also be many partners from non-DeFi businesses that we have made deals with. Though we cannot disclose further information at the moment.
We have a well-known Thai financial and investment influencer, Tar Kawin, with his 90K investor followers, as part of our team. Kawin has a strong connection with financial institutes and a large group of minor investors in Thailand. And we also have many connections with Top Thai influencers. With this important marketing aspect, JDI Yield has direct access to communities of Thai investors.
Last, but not least…We were fortunate to be part of the early Apeswap IAOs. We have been working closely with Apeswap, really closely like an Ape father embracing a JDI son, whose support is highly appreciated and has helped us grow. Apeswap currently is one of the strongest DeFi communities right now, leading to confidence in the Apeswap team and investors. "In Apeswap We Trust."
DK - of ApeSwap:
These are great points Jazz - really showcasing the strength of JDI 💪 Also love the love at the end of the fourth bullet ❤️ We love having JDI in the ApeSwap family 🙂
Question — We heard you’ve been working on some exciting updates! Want to tell us about them?
If you were in our JDI Yield group, you may have seen a glimpse of what we hinted.
We had another project in the work, we called it Dino Park. DINOP is a deflationary passive-return token. Just hold DINOP in your wallet and you will see your coins going up in number. Each transaction will automatically distribute to all holders.
At launch, there will be NFT Profile and lucky staking pool with partner right away. JDI holders will get many benefits from DINOP.
NFT Profile will be shown on JDI Yield, next you can stake your JDI on the Dino Park to increase your NFT Profile exp. Moreover, JDI holders will get DINOP airdrops. Yes, they are going to be more.
Dino site is: https://www.dinopark.io
TG Group: t.me/dinoparkio
DK - of ApeSwap:
Great graphics!! And very excited for DINOP 😄 Any new token project from one of our current family members will always be welcomed in the jungle 🌴🐵🦖❤️
This concludes our first part of the AMA Apes!
Now we will move to the twitter questions.
Question — What are the short term development and ongoing plans currently? What are the long term development plan that you can let the audience know? This question comes from MatthewMcCrypto.
Short-term
* Deliver all the web features including but not limited to Harvest all, beautiful price graphs within May.
* APR, APY, IL, past history of the portfolio. As you can imagine of a good portfolio tracker.
Long-term
* Make JDI like bitcoin. The longer you hold the better the value.
* Expand use cases of JDI to another platform. DINOPARK is one of our initiatives.
DK - of ApeSwap:
Nice! Always great to be thinking short term and long term. This next questions comes from JohnCla0.
Question — What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like Your project play in this?
We want JDI Yield to be the last resort of all yield farmers in any popular DeFi platform. When the main site is inaccessible, come to JDI Yield, we have the solution, let us say withdraw, unstake, remove LP, or they can confirm whether the farm is certified by JDI Yield or not.
Another dimension is to be a one stop service like a portfolio tracking. They can monitor everything from values, APR, APY, impermanent loss, or values overtime.
DK - of ApeSwap:
Amazing - thats a great vision. Third questions comes from herycrypto!!!
Question — What will be $JDI main revenue stream? With so many portfolio tracking platforms popup in BSC, how do you plan to compete? Will you open to multi networks such as MATIC or SOL?
JDI Yield site may not generate a revenue stream. JDI Yield is to stabilize JDI price. But the JDI team as a whole will find ways to generate revenue streams. DINOPARK is one of our initiations, we will get small transaction fees from each transaction.
For other networks MATIC or SOL, if they are so good and popular, we will definitely go into them.
For competing other trackers, we plan to introduce our use cases into an engaging and profitable stream.
DK - of ApeSwap:
Very excited to hear more on this when the time comes 😄. Up next we have a qustions from KarimMonib
Question — Why did you decide to redesign/rebrand after IAO?
Before this, the baby yoda was our meme. As we grew bigger, many people nagged us whether copyright/trademark will be an issue. We wanted to grow our business and did not want to get stopped by the trademark issue.
Rebranding is one of the first priority so that we can go full stream on the marketing. As you guys can see, the DINO is so cute. 🦖
We can now play with our DINO meme and will later introduce NFT DINO.
DK - of ApeSwap:
I think the DINO is super cute as well 😉. And makes sense on the rebrand. Ok, last twitter question from Albert
Question — Do u have plans for offer some limited Nfts? Dino looks great 😄
Yes, there will be a marketplace to trade the Dino NFT. The initiation is in https://www.dinopark.io . Stay tuned for this.
DK - of ApeSwap:
Ill be waiting on the edge of my seat 🐵. Ok Apes - its time for the live questions!!
Question — What should users/potential investors do in order to get DINOP?
* JDI Holders :Hold more than 2,000 JDIs to get airdrops at a pro rate. Airdrops will be distributed later after launch. Make sure you can see your address at https://bscscan.com/token/0x0491648c910ad2c1afaab733faf71d30313df7fc#balances
* Save the date 2021, May 23th 03:00 GMT and go to https://www.dinopark.io. Make sure that you do not purchase more than 800,000 $DINOP. (smart contract will not let you) Set slippage at 8-11%.
Question — The current price for 2000 JDI is approx $1,520USD. That is definitely achievable for some folks, but for some less experienced apes they may be nervous about this price tag in order to access the full features. What reassurances can you give to us that this is in fact a project that we want to be in on in a big way, as opposed to just a more casual hodler? (Especially those that are interested in the new DINOPARK announcement)
We tried to do the holding of 0.4% of total portfolio value but it is complex and bad for those users who hold the 2000 JDI from the start. We listen and revert.
We will come up with a better plan that is good for both small holders and 2000JDI holder.
For example, $100 USD value of JDI for 1 year subscription. These JDI will get burned. ($100 is an example).
Surely, we will let users vote for these move.
Question — How about certified by jdi? It will like certik?
Certik level is what we are trying to achieve. It is more like a checklist by JDI. For example,
- [ ] timelock
- [ ] last code change was at xxx
Question — Is there a strategy to educate users on your platform? So they can make the most of Jdiyield ?
Sure, when we try to teach people on how to use our platform. We have to teach them how to use the wallet first. Once they understand the wallet concept, they understand our site right away.
After the basic feature finished, we will do a thorough tutorials for newbie users, too.
Our UX/UI designers are planning for this!
Question — Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?
JDI Yield site is an interface to interact with smart contracts from farm sites. We have not deployed any smart contract except the JDI Token. In the future, once we have any feature related to deploying smart contract, we will surely have our contracts audited.
🌴🐵🦖❤️
DK - of ApeSwap:
Looks like thats 5 questions! Thanks for all the great answers Jazz 😄. It was a pleasure having you with us today and dropping all the latest JDI news 😄
This concludes our AMA with Jdiyield 💪
Jazz Dino:
It is my pleasure to be here. Thank you all.
That wraps our AMA at Apeswap, as we look forward to launch Dinopark on May 23.
