AMA Session with Onu Christopher from TrustFi

MEXC Global

Published in

MEXC Global

6 min readNov 30, 2021

Guest : Onu Christopher, Business Partner of TrustFi

Host: Iris

Introduction:

Iris: Today, we’re honored to have Onu Christopher, Business Partner of TrustFi, in our community to give us a more intuitive introduction to their unique project.

Christopher, would you like to say hello and introduce yourself?

Christopher: Good morning to the wonderful Community.

I am Onu Christopher I have been in Crypto since late 2019 though passive. A Marine Engineer ( 3rd Engineer), I was active in the Crypto Community early 2020 and worked with a lot of projects as Community Manager and also part of a team that researches early crypto projects for VCs.

My wealth of experience led me to my current position as the business partner with TrustFi.

For any further questions you may visit: https://trustfi.org/,

TG https://t.me/trustfi_fans

Twitter https://twitter.com/trustfiorg

For Indonesians: https://t.me/TrustFiIDN

For Turkish: @TrustfiTurkey

For Vietnam: https://t.me/TrustFiVN

Questions from community:

Q1

Iris: What is TrustFi? Can you share with us more in detail?

Christopher: TrustFi is a decentralized BaaS solution for DeFi market based on multichain environment, centering on early crypto assets issuance, liquidity management, community activities and DAO governance to unlock the potential of DeFi.

A complete set of product portfolios developed by TrustFi, including IDO General Protocol, Decentralized Staking Contract and Providing Liquidity Mining model (“PLM”), will stimulate the vitality of on-chain transactions, which aims to build an equal DeFi ecosystem and become an important supplement to the DeFi infrastructure built on Web 3.0.

Q2

Iris: What triggers you to launch TrustFi? What are some of the real-world problems/ pain points that TrustFi aims to solve?

Christopher: Thank you for this question.

Blockchain-cryptocurrency startups need to bootstrap liquidity, in order to ensure profitable trading prices on DEXs and other AMM-based platforms.

In this context, there is a rising demand for decentralized, integrated, cross-chain ecosystems that enable Project Owners to easily and securely conduct pre-listing liquidity auctions. At the same time, with the decline of market enthusiasm, newly issued crypto assets will inevitably face the gradual decline of liquidity, and the vitality of token value will be difficult to sustain after listing.

There is a lack of simple and easy-to-use liquidity management tools to help startups lock and release liquidity, and unlock the potential of on-chain DAO to build an equal DeFi ecosystem. TrustFi is built for this.

Q3

Iris: What is the role of $TFI in TrustFi? Would you tell us more about its tokenomics?

Christopher: Right, it’s good to know the usecase of the Trustfi token so investors know the worth of what they are investing in.

Iris: definitely!

Christopher: TFI is the native utility token of TrustFi Network and has the following important usecases which ultimately will create demands and be a price driver.

(1) Governance: TFI token holders can stake to participate in community governance.

(2) Rewards: The revenue from TrustFi Alpha and TrustFi Beta will be used for repurchase and destruction, as well as reward to users staking TFI.

(3) Mint NFT: The TFI token can be used to mint NFT and deployed into PLM Model and DeFi yield protocols for additional returns to increase the yield of farming in the incentive programs.

(4) Auction Share: The TFI token can be staked to obtain the priority auction right of selected high-quality assets on TrustFi Alpha.

(5) Providing Liquidity Mining: TFI is the basic token and gas of PLM System and can be used to cast synthetic assets. Users earn TFI token rewards by providing liquidity.

(6) Insurance: TFI holders own insurance rights and interests against loss of income / market risk.

As a team we are focused on technology to change finance. At the same time giving value to $TFI.

You guys could find the tokenomics and all details here: docs.trustfi.org.

Iris: thanks for the elaboration!

Q4

Iris: Are there any exciting news or updates with regards to TrustFi that you would like to share with the users?

Christopher: Yes actually, the team works round the clock to get TrustFi to the next level. Will share a few upcoming events.

The team are always working non-stop, lots of events coming up to boost the TrustFi ecosystem.

Here’re upcoming features of TrustFi in Dec.:

👉TrustFi Booster: A community-driven Incubator that focuses on Pre-IDO stage and helps startups raising funds to complete product development and official IDOs in launchpads.

⏰Estimated time for test: 5th of Dec.

⏰Estimated time for official launch: 12th of Dec.

👉TrustFi Farmer: A Farm Pool builder platform without License and certification, which helps crypto project clients build their own farm pools easily and automatically.

⏰Estimated time for test: 15th of Dec.

⏰Estimated time for official launch: 18th of Dec.

👉CoinMaker: A simple currency issuance platform that supports a multi-chain environment, and allow users to issue standard tokens and NFTs.

⏰Estimated time for test: 10th of Dec.

⏰Estimated time for official launch: 13th of Dec.

Iris: lots are coming! mark your calendar guys 🥳

Q5

Iris: If you were to summarize your project in ONE word, what would it be? Why?

Christopher: BaaS, also known as “Blockchain as a Service”. This is the building direction we have consistently adhered to.

Reason been that believe that the truly valuable blockchain products must be available to everyone and have a healthy business model. Let’s witness the growth of TrustFi.

Exciting times are here upon us, let’s make it happen together.🙏🔥🔥

Iris: great word!

Free-asking Session

Q1. Most investors focus only on the short-term price rather than the real value of the project. Can you tell about the long-term benefits for investors in the project?

Christopher:

We believe that Web3.0 is the biggest opportunity and the most lasting topic in the field of cryptocurrency. This is the only way to value the Internet, and we firmly believe that. As our slogan, we are going to provide trusted DeFi Market BaaS Solutions built on web 3.0 network.

In the field of value delivery, we are concerned that the future blockchain world must be a multichain environment. So TrustFi supports for multichain and we start from Binance Smart Chain. In the roadmap we are going to support Ethereum Solona, Polkadot, Dfinidy, Near and etc. We focus on early projects and long tail assets, coz we think that in addition to value assets, long tail assets are also an indispensable part of cryptocurrency, which is also the reason for the success of uniswap.

So the long-term vision for TrustFi is to continuously provide enabling tools and products for early projects in the cryptocurrency world based on Web3.0.

Q2. Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?

Christopher:

Yes, security is very Paramount to us all.

We are audited by one of the leading audit company.

https://www.certik.org/projects/trustfinetwork

Q3. What is your strongest advantage that you think will make your team leading the market?

Christopher:

What really makes TrustFi different is that our team has a deep understanding of the industry and constantly iterating. Without a sustainable business model, most crypto projects will not survive for half a year due to they have no profitability.

TrustFi’s business model is very simple. We provide services and tools for early startup. At the same time, we will launch a community driven investment fund. In addition to trsutfi’s business support for start-ups, we will also provide seed round funds for start-ups. That will be our unique advantage.

AMA Session with Onu Christopher from TrustFi

Introduction:

Questions from community:

Q1

Q2

Q3

Q4

Q5

Free-asking Session

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Written by MEXC Global