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BT.finance x Satoshi CLUB AMA Session 25 Jan 2021

Hello, Satoshi clubbers and guests of this site. Today we will talk about the BT.finance project.
BT.Finance is a smart DeFi yield aggregator based on ethereum ecosystem for the tribute to Bitcoin&YFI, Targets the Best and sustainable yields for Tokens.
The AMA took place on January 25 and our guests were @Pastry_BT and @BTFinanceDeFi — representatives of BT.finance.

The total reward pool was 1000$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Hello SatoshiClubbers! Welcome to another AMA session with Satoshi Club. Today our guests are from BT.Finance.
@Pastry_BT, @BTFinanceDeFi welcome

Good evening, dear community!

OMG! 44444 members

Greetings @Pastry_BT, @BTFinanceDeFi

Hello!


Good number


Hey Pastry! Welcome to Satoshi Club!

How are you today?

How are you?


Fine, thank you!

The group is so active


Be so kind as to tell us a bit about yourself: how did you get into crypto?


Thanks for your kind words

And how did you get to be involved in BT.finance?


several years ago, one of my friends introduce me to crypto, and then I was attracted to it, and at that time, I bought some BTC at a low price


How low was the price


So you are getting some great profits now

So I need to thank my friend, and from then on, I am always in crypto.


Yeap


Do you work full time on crypto?


It is so lucky to join the BT team, and luckily to meet the fire of Defi.


Surely, now I work full time in BT.

Indeed Defi is a hot topic today!


Sounds good!


Several thousand

So, can you please give us a short intro about BT?


Does this mean you have an office? Or do you work remotely?


Sure thing, and we hope it will hot all this year.


BT.Finance is the Best and sustainable yield for Tokens from other excellent DeFi yield aggregators and platforms.
You can farm $CRV $SUSHI $1INCH $PICKLE $BADGER $LDO $BAS $MIS $FXS from here in the future, all those yields are sustainable to all users with various risk tolerances.
Audited by PeckShield, you can check from https://twitter.com/peckshield/status/1347012140012503041

Here is BT’s general info, pls read it!

Thanks for sharing!


We are working remotely and distributed.

Thank you! I think we are ready to start with community questions. Right?

Want to add something or move on to community questions?


So we can move on to community questions

Q1 from Telegram User @surdumiha


They are suited for different users, You can deposit stablecoins, eth, wbtc, or other single assets to earn with no impermanent loss in Stable Profits Pools.

2.You can deposit uni-v2, slp, or other lp tokens to earn a high yield in High Yield Pools.

3.Smart hybrid pools is a combination strategy, it will automatically allocate funds for users to balance the benefits and risks.


And who calculates the balance? An AI?

These are the difference between the three pools. different users can choose a different ones.


Smart strategy.


Great!


Fine! Thanks for the answer! Ready for the next question?


Yeap, let’s continue.

Q2 from Telegram User @ivancryptoz


Total APY consists of 2 parts: automatic harvest from other yield and $BT rewards

You can find here

From the graphic.


By the way, share your marketing plan, please.


Is that clear for you guys?


Sure thing!

https://btfinance.medium.com/bt-finance-marketing-plan-for-the-first-quarter-319e5242bfac


Yes! Thank you so much!


This is BT’s Q1 marketing plan.


Great!


Satoshi Club will give some claps to that article

Are you ready to proceed to the next question?


Thanks for your kind words!

Yeap, let’s go ahead!


*your

Q3 from Telegram User @ammargen


The withdrawal fee is 0.5% within 24 hours, 0.3% within a week, and 0.1% after a week.

It goes into Treasury(multi-sig)Wallet:
https://etherscan.io/address/0x80411aa06c3486dea6ecefaa413834819e38370e
It will be platform gas and exchange cost for harvesting.


You can check from here.


So the minimum is 0.1%?

:
Yeap, exactly.

0.1% after one week later.

Okay! Thank you for the answer

Ready for the next question?

I believe that is so little for us.


Let’s go!

Q4 from Telegram User @deliasy


Yes, it’s a small amount.


Join gov.bt.finance Discussion For Proposal And Vote Through vote.bt.finance.

Currently, votes are managed on snapshot.page, after a community vote takes place, the multi-sig signers must sign the transaction to make it live.

BT/ETH liquidity providers (see Farms) enhanced the power to shape the future of the protocol.

By the way, in February you are planning to release @CoverProtocol Insurance. Please tell us more about this.


But governance is something later.

We will set up an insurance fund to offer smart contract coverage with Cover Protocol from our 10000 $BT governance funds.


Well! That sounds good!

The first governance proposal mentioned above may be the distribution of government funds.


Yeap, thanks!

Ready for Q5 then? Or do you want to add something?


For Q5 is ok.

Q5 from Telegram User @kenny_vermaelen


We will set up an insurance fund to offer smart contract coverage with Cover Protocol firstly.

The second is to buy insurance for our strategy target.

There is currently no way to determine the specific amount. As mentioned above, the allocation of government funds needs to be determined first.

Done with Question, Ser.

Have you already chosen which CEXs and DEXs listing you will implement? Btw…


Yeap, We already have listed on Uniswap.

And recently, we will be listed on a CEX also.

And we plan to be listed more exchanges in the Q2.


Can you share a hint with us?


Which ones?

It should be known these days, let’s give you guys a surprise

Community is also often interested in airdrops and giveaways. Have you also planned something in this direction?

Pls, keep an eye on BT these several days.


Hope you don’t forget to share with Satoshi Clubbers

Ready for the last question of part 1?


Sure thing, I will let you guys know ASAP.


Thousands of $BT will be airdropped to all of the users who farming on BT.Finance around in March.


Let’s keep in touch to get some tokens from that airdrop

And more airdrops for all our partners, The rules may be similar to $1INCH and $DIGG, but the details have not been finally decided yet.


You still have a lot of work ahead of you!

Please stay tuned and we will not disappoint everyone.

Thank you very much for your answer. Ready for the next question?


Exactly, and we firmly believe BT will be better and better.


Yeap.

Q6 from Telegram User @Malhang


We are updating and improving the products recently, and a new strategy may be launched this week.


We are looking forward to projecting updates!


Thanks, !and welcome to join @btdotfinance.


Yeap, it will be shown soon.


Personally, I don’t understand GitHub that much, but it’s always important to share project improvements.


Share useful links and information before opening the chat, please.


Okay, thanks!


Because we have submitted many strategies for audit, new strategies need development time and audits have not been updated and uploaded.


You are right

Part 2 — live questions from the Telegram community

Q1 from Telegram User @feranno

  1. Audited by @peckshield. You can check from their twitter:
    https://twitter.com/peckshield/status/1347012140012503041
  2. User Insurance Fund Besides audit.
  3. Gnosis safe multi-sig governance.
  4. Set Timelock.
  5. Auto harvest from other excellent DeFi yield aggregators and platforms.
  6. Blockchain and securities industry experts serve as project consultants and strategists.

Q2 from Telegram User @JoanaZ


20% of yield farming revenue will be used to buy back $BT.
BT token is the governance token for BT.Finance, BT/ETH liquidity providers enhanced the power to shape the future of the protocol.
You can buy $BT and stake in POOL 1 APY is close to 100%, Or add liquidity on uniswap and stake in POOL2, APY is close to 400%.

Q3 from Telegram User @warny


The total supply of BT token is 270,000,will be competely distributed with a 2.7% reduction from the prior week until week 105, check the emission table for details.

Q4 from Telegram User @Poponchi


We will focus on the products and strategies themselves rather than the price of $BT, Developing a better strategy will have a higher APY to increase TVL, meanwhile, there will be more $BT buyback, the price will naturally goes up.

Q5 from Telegram User @anh1973


Detailed tutorial please check from here: https://docs.bt.finance/YieldFarming/

Q6 from Telegram User @centoscu

We are more optimistic about the Ethereum ecosystem.

Q7 from Telegram User @Amila19932


Not Yet, but we are doing much effort for that, so we believe it will be soon.

Q8 from Telegram User @cryptovgh

BT.Finance:
Farming or buy BT through Uniswap
https://info.uniswap.org/pair/0x1adac7de5c5d9894a4f6a80868ade96f8a2ed0eb.

Q9 from Telegram User @cryptovgh

BT.Finance:
Add liquidity from uniswap
https://app.uniswap.org/#/add/ETH/0x76c5449F4950f6338A393F53CdA8b53B0cd3Ca3a
And stake in Pool2 https://bt.finance/stake

Q10 from Telegram User @Guandog


The 20% profit buy back BT Tokens will continue to be distributed to BT Stake POOL.

Part 3 — Quiz Results

In the final part, we tested your knowledge in terms of BT.Finance. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 800$.

English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/


BT.Finance Community: https://t.me/btdotfinance
Website: bt.finance

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