AMA Session with Aditya Gautam & Dibyo Majumder from Instaraise
Guest: Aditya Gautam & Dibyo Majumer, CTO & CEO of Instaraise
Iris: Today, we’re honored to have Aditya Gautam & Dibyo Majumer, CTO & CEO of Instaraise, in our community to give us a more intuitive introduction to their unique project.
Aditya and Dibyo, would you like to say hello and introduce yourselves?
Aditya: Hi I am Aditya Gautam CTO of Instaraise.
Prev tech architect @ Tezsure & Tech lead @ Hewlett Packard Enterprise
I love driving the tech forward in web2 as well as web 3.0
Dibyo: Hi Everyone 🥂 , Nice to be here 🙂
This is Dibyo Majumder, CEO and Co-Founder of Instaraise.
2x Entrepreneur , Previously founded Bchain Dynamics
I am a Blockchain Architect building for the last 3 years, Been with ecosystems like Ethereum, Hyperledger and now in Tezos.
Questions about the project
Iris: What is Instaraise? Can you share with us more in detail?
Dibyo: Instaraise is Tezos first-ever completely Decentralised Fundraising and Incubation platform. That aims to empower projects with fundraising ability while developing loyal users, at the same time, allowing retailer investors and potential users to access early investment deals.
Iris: Wonderful! I believe you’re the first Tezos project that had ever done an AMA with us 🙌
Dibyo: Yeah, Tezos is boming right now and more to come.
Iris: What triggers you to launch Instaraise? What are some of the real-world problems/ pain points that Instaraise aims to solve?
Dibyo: There were no Incubation & fundraising platforms on the Tezos and the defi product release ecosystem has started taking place with this a lot of projects would look for an opportunity to raise funds.
Rugpull scams (where a seller steals money from a presale and runs) are rampant and can cost the community tens of millions of dollars.
Presales are risky for investors because they have no promise or guarantee that bad actors will not steal their funds or liquidity.
There is no platform that ensures the liquidity locking for a particular provider in an autonomous manner.
With the growing defi ecosystem of Tezos. A need for a completely decentralised fundraising platform was necessary.
As such Instaraise is a completely decentralised fundraising and incubation platform on tezos aiming to solve all the above problems.
Iris: What are some of the challenges that Instaraise currently faces? How do you aim to solve them?
Dibyo: Current challenge to be specific is general for the projects in Tezos. It’s the ability to bring cross-chain capabilities.
Our team is also working on cross chain bridges to take Instaraise to other chains as well, thus increasing the outreach of the platform and $INSTA token.
Iris: Are there any exciting news or updates with regards to Instaraise that you would like to share with the users?
Dibyo: We are coming up with some really amazing IDO this month and have the best rewarding staking program ongoing on the platform to access participation.
INSTA IDO Staking is live https://www.instaraise.io/staking
and LP Staking program is also in process with high rewards : https://flame.spacefarm.xyz/
And we have awesome reward mechanisms whenever new IDO comes in.
Iris: If you were to summarize your project in ONE word, what would it be? Why?
A completely decentralised & trustless fundraising platform on Tezos that also helps in the process flow from a project to a product Journey. We help the team with every front possible. Our team is specialised in structuring Token Sale specifics to get the best momentum in the Market.
We aim to give early investment access to high quality projects to $INSTA holders so that from retail investors to VCs, everyone gets an edge with guaranteed Allocation.
Q1: Where can I currently buy Token?
Adi: You can buy INSTA token on Quipuswap as well as MEXC later today
30 mins from now we’ll have the listing
Q2: Can you tell us about your plans for long-term? what you are currently working on?and what strategy will be used to expand globally?
Adi: We take INSTA marketing into topmost consideration,
Hence we are quite focussed on doing strategic partnerships with the platforms to Increase our Outreach
Q3: What’s your main focus right now, are you focused on the community or market/Exchange or the products?
Adi: Our focus rt now is to bring good high quality projects to Our Investors.
To build momentum and trust
Q4: Can you tell us what are the main role of your project in defi and real life usecase?
Adi: Instaraise provides early access to Quality projects on Tezos to the Investors as IDO.
While we also Incubate and help projects in marketing, strategy and Fundraising
Q5: COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?
Adi: I think crypto businesses are still florishing and Instaraise is best example.
Q6: What is the most problematic flaws of DeFi that is facing today and how your project project looking to solve the problem?
Adi: Rug pulls, Instaraise is completely decentralised with auto Liquidity locking thus preventing rug pulls.
MEXC Global: https://www.mexc.com/