♟ BSC daily:
Today we have with us @King_DeFi_Arthur — CEO & Founder of KingDeFi, the first AI yield farming aggregator on Binance Smart Chain & Solana
Hello and welcome to BSC Daily, @King_DeFi_Arthur!
♚ King Arthur–CEO & Founder:
Hello fellow Knights, I am really excited to have you all here
♟ BSC daily:
It’s our pleasure to have you here Mark 😄
Ready to start our AMA? 🎉
♚ King Arthur–CEO & Founder:
sure💪
♟ BSC daily:
Okay, let’s kick this off with a basic intro
What is KingDeFi all about? Give us a little summary
♚ King Arthur–CEO & Founder:
KingDeFi is a DeFi project combining two main areas: analytics and monitoring where we provide a market overview, liquidity pool search engine and portfolio tracking to users and farming as we are a yield optimizer project on BSC and Solana
♟ BSC daily:
The project is built on both BSC and Solana!?
♚ King Arthur–CEO & Founder:
Yes BSC has been already integrated, and Solana will come next in course of Q3
♟ BSC daily:
That’s incredible! Those are the two most popular chains right now, and many BSC projects are attempting to crosschain to the Solana as well
Could you tell us a little bit about yourself and your team? What are your past experiences?
♚ King Arthur–CEO & Founder:
We are an international team: Germany-Italy-Switzerland and are based in Zurich. The founders have a finance background and coding/engineering background mainly in Dapps development and blockchain projects
♟ BSC daily:
So all the members has involved in crypto before. Why did the team decide to build KingDeFi?
♚ King Arthur–CEO & Founder:
Passion for blockchain technology was the main driver, the other important element is that we wanted to take the opportunity to combine our financial background with technology It’s time to disrupt and move away from the old banking centralised model🙂
♟ BSC daily:
Agree, the world is entering a new era of decentralization :D
Let’s dive into the $KROWN token. Can you share with us your tokenomics?
♚ King Arthur–CEO & Founder:
Sure, as we are a yield optimizer project, most of the liquidity will go to staking and pools (60%) another (20%) is allocated to marketing and development, and the final (20%) has been locked up in general reserves and T&F allocations. Our users can find all details in our Medium post: https://medium.com/kingdefi/tokenomics-c0b0012082d4
A quick guide on how you can participate in the upcoming token sale May 24, 2021.
♟ BSC daily:
Great tokenomics, can you also share with us some of $KROWN use cases?
♚ King Arthur–CEO & Founder:
KROWN tokens will be used for two main purposes: 1 — staking & farming, 2 — accessing advanced analytics, meaning if you are staking with us you’ll have as well access to advanced analytics functionalities into the platform
♟ BSC daily:
How can we obtain or where can we buy $KROWN?
♚ King Arthur–CEO & Founder:
During presale and crowdsale, $KROWN tokens can be swapped with BUSD on our website: https://kingdefi.io/home
On June 21, 2021 at 11:00 UTC we will add liquidity on Pancakeswap and other main BSC DEXs.
Presale details:
Tokens to be sold: 5% = 500,000,000 KROWN
PRESALE INVESTORS (FCFS) — First Come First Served: private investors, community and platform users
Price per token = 0.001 BUSD, participation with BUSD
Individual Cap = 1% = 5,000 BUSD = 5,000,000 KROWN
Crowdsale details:
Tokens to be sold: 20% = 2,000,000,000
Price per token = 0.002 BUSD, participation with BUSD
Individual Cap = 0.25% = 10,000 BUSD = 5,000,000 KROWN
♟ BSC daily:
Is the presale currently open, or when will it be?
♚ King Arthur–CEO & Founder:
It’s opening May 24th at 11.00 UTC, countdown is already live on our main website. Users will then be able to connect their Metamask and BSC Wallet and buy KROWN there
♟ BSC daily:
Now I’m more interested in your future plans. What can we expect from KingDeFi over the next three months and in 2021 as a whole?
♚ King Arthur–CEO & Founder:
The first AI yield farming aggregator on Binance Smart Chain & Solana.
♚ King Arthur–CEO & Founder:
We have a strong plan and a lot is coming pretty soon, some functionalities are already live: such as our market outlook dashboard and pool search engine, but here is what comes next: https://kingdefi.io/roadmap
♟ BSC daily:
Okay, final question before we move on to the “Live questions” session with BSC Daily’s community
Where can we find out more about KingDeFi?
♚ King Arthur–CEO & Founder:
On our main community channels:
🌎Website: https://kingdefi.io
💬Discord: https://discord.gg/9d3RrbNvTM
🗞Telegram Community: https://t.me/KingDefi_Community
🎙Announcement Channel: https://t.me/KingDeFi_Official
📃Medium: https://medium.com/kingdefi
📒PitchDeck: https://kingdefi.io/assets/files/PitchDeck.pdf
♟ BSC daily:
Make sure to check it out everyone
And personally, I really like the graphics of KingDeFi (both on Twitter + website). It’s a beauty 😍
With this, we are now at the end of the 1st segment
Thanks a lot for answering questions from the host @King_DeFi_Arthur 🔥
Let’s move to our final segment — Live Questions
♞ Knight:
What’s the focus of the KingDeFi now? Build and develop products, win customers and users or partnerships? Are there any plans to burn or block unsold $ KRW tokens? control flexibility, cost and security?
♚ King Arthur–CEO & Founder:
Main focus at the moment is on finalising our farming contracts and have full audit on it, we apply as well burn mechanism to fees and at the same time we decrease selling pressure via adding a number of pairs where KROWN is present as a pair of the pools
♞ Knight
Very recently KingDeFi shared that it has 60 tokens on the platform. What figure do you aim to make it at end of the year? 100, 150?
♚ King Arthur–CEO & Founder:
There is no limit except that we check audit and reputational assessment of the main tokens that we list, we plan to go up to 150/200 in the incoming 2 months as market growth in parallel
♞ Knight
Is it necessary to hold your KROWN $KRW tokens to be able to use your platform services?
♚ King Arthur–CEO & Founder:
No, we offer free services to our users and we do not plan to add any payment or token holding as mandatory requirement to access our analytics and staking functionalities, that’ s what diversify us from other competitors as yieldwatch for example
♞ Knight
There is fierce competition in the DeFi space. Obviously, you can find other projects that are similar to yours. What do you bring to the table that your competitors don’t? In other words, what is your Unique Selling Point?
♚ King Arthur–CEO & Founder:
We are the only platform combining three main areas: market overview (as Defistation), portfolio tracking (as yieldwatch) and farming (as auto.farm) plus we provide pool search engine which no project is developing at the moment
♞ Knight
Which one of these aspects important for you? In what order?
♚ King Arthur–CEO & Founder:
1. Platform development (as we are here to stay long)
2. Community trust (as users retain is key)
3. Token price & value (it’s important to keep it consistent and avoid volatility in order to run long term projects)
4. Expanding partnership
♞ Knight
What are the DIFFERENCES between AI yield farming aggregator and NORMAL yield farming aggregator?
♚ King Arthur–CEO & Founder:
There are a lot of strategies to farm liquidity, one of the easiest is auto-compounding, with AI yield farming we can change strategies faster and ensure higher APR
♞ Knight
Lots of investors hit and run during the sale and sell session after listing on the first exchange, WHAT DO YOU say about this? How does KingDeFi stop early investors from selling tokens?
♚ King Arthur–CEO & Founder:
We hard capped the amount of tokens users can buy during presale and crowdsale in order to avoid pump&dump strategies after listing
♞ Knight
Many blockchain projects are just on paper and have no real meaning. What practical product is KingDeFi using? What plans do you have for a better product in the future?
♚ King Arthur–CEO & Founder:
KingDeFi is here to stay, dexes and liquidity pool are the main part of what makes DeFi a great market, with our yield aggregator we will provide liquidity for dexes and allow our users to achieve high return on their investments.
We’re here to stay and to build a lasting and reliable project, thanks to our one-stop-shop approach.
♞ Knight
Do you have or plan to have a partnership or to attract investment from the HEDGE FUNDS & INSTITUTIONAL INVESTORS ?
♚ King Arthur–CEO & Founder:
We have a broad network of professionals, institutional and firms to connect with. Team has a solid background in finance, banking and of course engineering. This will play a key role in the near future
♞ Knight
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
♚ King Arthur–CEO & Founder:
We have staking, and a fixed cap, we might burn coin in the future, and we have locked a big part of the liquidity in smart contracts.
