On May 30, 2023, at 2 PM (UTC+7), our CBO Stefan Kim joined the biggest Indonesia crypto exchange INDODAX for an exclusive AMA session on INDODAX’s Official Telegram Channel. Here’s a recap for those who couldn’t participate in the AMA.
TL;DR:
- NEOPIN’s core concept ‘CeDeFi’ is a hybrid model that combines the advantages of both CeFi and DeFi
- NEOPIN offers a secure wallet and diverse DeFi services (Yield Farming, Swap, and Staking), with upcoming milestones including a Next-Gen Swap Engine and Alpha Credit Lending Protocol
- The USDT/NPT pool on NEOPIN offers one of the highest APRs, reaching up to 114.87%
- NEOPIN prioritizes strategic partnerships to enhance its ecosystem by collaborating with projects like Tangled, Nolatency Limited, Boomco, and JEFF to foster growth through innovative projects
- As part of the Korean-UAE economic delegation, NEOPIN established an entity in Abu Dhabi last year, with promising outcomes anticipated from our close collaboration with UAE authorities
- Indonesian users are vital to NEOPIN, comprising a top 3 user base
Brief Introduction of NEOPIN:
NEOPIN is a one-stop, non-custodial global CeDeFi platform for the secure use of crypto with regulatory frameworks while leveraging the benefits of both CeFi and DeFi. NEOPIN aims to become an open blockchain platform that bridges traditional finance and DeFi protocols for all users, providing a seamless and integrated experience.
Q1. Could you explain the concept of ‘CeDeFi’ and how it applies to NEOPIN?
‘CeDeFi’ stands for Centralized Decentralized Finance, which is NEOPIN’s core concept. It represents a hybrid model that combines the advantages of CeFi and DeFi.
In CeFi, which operates under a centralized framework, concerns may arise regarding the custody of customer assets and the possibility of bank runs. It employs a custodial approach, making it challenging for customers to gain transparent insights into their asset management.
On the other hand, DeFi, a decentralized financial system, has been criticized for security vulnerabilities like hacking and potential issues with money laundering and terrorist financing.
CeDeFi platform aims to solve these problems by leveraging the strengths of both CeFi and DeFi, offering a regulatory complying, stable and secure environment that is also transparent, accessible, innovative, and flexible.
The table below outlines the differences between CeFi, DeFi, and CeDeFi:
If you’re interested to learn more about CeDeFi, feel free to explore our article available here.
NEOPIN has been consistently complying with regulatory guidelines since its launch, reinforcing its CeDeFi platform through a rebranding earlier this year. NEOPIN is committed to complying with such as Know Your Customer (KYC), Anti-Money Laundering (AML), Financial Action Task Force (FATF), and Counter Financing of Terrorism (CFT). NEOPIN’s core values are ‘Trust’, ‘Stability’ and ‘Scalability’. NEOPIN aims to lead the global blockchain market as a pioneer in regulated DeFi.
Regarding the rebranding of NEOPIN, please refer to the announcement here.
Considering the challenges faced by CeFi and the increasing regulatory scrutiny imposed on DeFi by government authorities — we believe CeDeFi is expected to gain significant attention and recognition throughout the coming years.
Q2. What are the main products of NEOPIN?
NEOPIN offers two key products:
1️⃣ NEOPIN Wallet: The NEOPIN Wallet is a secure digital wallet that enables users to store and manage their virtual assets. Prior to accessing NEOPIN services, users are required to complete KYC (Know Your Customer) verification. KYC/AML screening protects users from fraud and unhealthy transactions and helps prevent anti-money laundering attempts.
2️⃣ DeFi Services (Yield Farming, Swap, and Staking): NEOPIN provides a range of DeFi services, including Yield Farming, Swap, and Staking. These services allow users to earn rewards and optimize their virtual asset holdings. NEOPIN ensures regulatory compliance and incorporates user-friendly UI and UX on both mobile applications and PC websites.
For our roadmap this year, we have planned the following milestones:
Q3: the launch of the Next-Gen Swap Engine for Optimal Prices
Q4: the release of the Alpha version of the Credit Lending Protocol & 1 more EVM-compatible layer 1 network
In addition, I would like to highlight three of the highest APR pools available on NEOPIN:
🥇 USDT/NPT ▶️ 114.87% APR
🥈 ETH/NPT ▶️ 87.25% APR
🥉 MATIC/NPT ▶️ 25.59% APR
You can explore all the available pools and their APRs by visiting this link: https://neopin.io/pool/
Q3. Could you provide more details about the partnerships and collaborations NEOPIN is pursuing to expand its ecosystem?
NEOPIN places a strong emphasis on mutual growth and development through strategic partnerships and collaborations. We are actively pursuing partnerships with various projects to expand our ecosystem. Our strategy involves focusing on our strengths in DeFi and wallet services while seeking partnerships to enhance our offerings. We closely monitor projects in areas such as gaming, metaverse, services, and NFTs, as they align with our ecosystem expansion goals.
Some of our recent partnerships include:
1️⃣ Tangled, a global Web3 live chat service that allows users to chat live with people from all over the world.
2️⃣ Nolatency Limited, an NFT game developer, and will onboard Drawshop Kingdom Reverse (DKR) — a P2E NFT game.
3️⃣ Boomco, a global L2E (Learn to Earn) language learning platform.
4️⃣ JEFF, a subsidiary of Danal, operates JEFF World, a community-type metaverse platform.
By collaborating with these projects, we aim to create a synergistic environment that benefits both NEOPIN and our partners. Our specific strategies include multi-chain integration, global partnerships, and the exploration of innovative projects like play-to-earn (P2E) and service-to-earn (S2E). Through these efforts, we aim to foster growth and development within the NEOPIN ecosystem.
NEOPIN, as part of the Korean-UAE economic delegation, was among the pioneers in successfully establishing an entity in Abu Dhabi, the capital of the UAE. The UAE has shown dedication to activating the global blockchain industry. We are actively engaged in close collaboration with UAE authorities, with promising outcomes expected in the near future. Learn more about the news here.
In addition, Indonesian users play a significant role in NEOPIN, making up the top 3 of our user base. They are quick to engage with P2E games connected to the NEOPIN ecosystem. That’s why Indonesian users are extremely important to us.
To specifically cater to the Indonesian market, NEOPIN has recently signed a partnership agreement with Agate, the largest game studio in Indonesia. NEOPIN will leverage this partnership to expand its own Web 3.0 game ecosystem throughout Southeast Asia. Agate will play a key role in bridging NEOPIN’s Web 3.0 gaming partners to the Indonesian market. Learn more about the partnership here.
We believe games are a vital driver for the expansion of the NEOPIN platform, we will actively enhance and reinforce partnerships with established global game companies. Additionally, we will adopt an aggressive investment approach to further expand our game content offerings.
Q5. What are the key features and utilities of the NEOPIN token (NPT) within the NEOPIN ecosystem? How does it contribute to the overall functionality and value proposition of NEOPIN?
Here’s an overview image of the NPT issuance & allocation:
NPT acts as the main economic medium for exchange and rewards. NPT Economy clearly defines the contribution of participants to the ecosystem and operates to provide relevant rewards to contributors.
NEOPIN’s ecosystem offers rewards for active participation, ensuring a sustainable platform. Participants receive rewards based on their contributions, adjusted proportionally. Liquidity providers earn mining rewards and transaction fees. Stakeholders receive rewards based on delegated amounts.
NEOPIN maintains stability through mechanisms like Swap, NFT marketplace, and buybacks. This circular structure motivates user engagement and sustains the ecosystem.
Q6. Are there any other benefits that NEOPIN offers, which would be attractive to crypto users?
We collaborate extensively with our partner companies to conduct joint marketing initiatives. Join the NEOPIN Telegram community and enjoy the variety of giveaway/airdrop events. As we are still in the early stages of building the community, the chances of winning are pretty high! We highly recommend joining our community to participate in diverse events and future airdrops.
To provide you with a sneak peek, we will be launching our Membership program at the end of June. Remember to be active in our community and ecosystem because something is on the way! Stay tuned for exciting news to be shared soon!🚀
Don’t forget to follow our Twitter for the latest updates!
Check out the Top 3 APR Pools on NEOPIN!
🥇 USDT/NPT ▶️ 114.87% APR
🥈 ETH/NPT ▶️ 87.25% APR
🥉 MATIC/NPT ▶️ 25.59% APR
*The displayed APRs are estimated and should not be considered guaranteed rates of return.
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