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Corn DeFi x Satoshi CLUB AMA Session 28 August 2021

PART 1. Introduction of CornDeFi Finance project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about the next-generation yield farm project.

CornDeFi Finance is a next-generation yield farm on Binance Smart ChainAnti Whale — Harvest Lockup — Vault Farms.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about CornDeFi Finance

The reward pool is 500$

Leading the AMA our clever and fun admins:

Luis Merino

| Satoshi Club — @LuisMe7

Gold Rocket | Satoshi Club — @GoldRocket27

The Representative of the project:

GP^FIRE — Marketing Manager and Community Manager

Introduction of CornDeFi Finance project.

Luis merino

| Satoshi club:

Hello everyone and welcome to another ama session in Satoshi club. Our guest today is @gpfire1 from corndefi. Welcome! This is your home

Gold rocket | Satoshi club:

Hello, dear Satoshi club community! We are pleased to announce ama with corn defi. Hello and welcome to Satoshi club, @gpfire1!

Gp^fire

Thank you

Gold rocket | Satoshi club:

How are you doing

Gp^fire

Great, it is a beautiful day today

Gold rocket | Satoshi club:

nice to e-meet you

Gp^fire

Same here

Gold rocket | Satoshi club:

Let’s start!

Introduce yourself, please. How did you get to be involved in crypto & corn defi!?

Luis merino

| Satoshi club:

You were faster

Gold rocket | Satoshi club:

Gp^fire

Hello all, i’m gp fire, marketing manager and community manager for corn defi

Done

Gold rocket | Satoshi club:

What is the essence of corn defi?

Gp^fire

Corndefi is latest generation yield farm and AMM decentralized exchange running on Binance smart chain with lots of unique and creative features.

Our inspiration comes from long-term harvest lock-in, but we have better ideas for traditional harvest lock-in modes.

Done

Luis merino

| Satoshi club:

Thank you for the introduction

Gold rocket | Satoshi club:

How long does it take to develop a project? What plans do you have for the future? And what can we expect from corn defi?

Gp^fire

If we successfully reach every step of our plan, then our team’s greatest expectation for the project is to be listed on mainstream exchanges and become a cross-chain project

Also, you can get the highest profit through our latest farming methods.

Done

Gold rocket | Satoshi club:

Tell us about the benefits of corn defi. How is it different from others?

Gp^fire

There are many projects in the long-term harvest locking mode. We use assets to generate income to achieve the functions of automatic corn destruction and automatic liquidity. Compared with other projects, we have canceled the transaction tax of corn, allowing users to trade corn without loss.

Our features also distinguish us from other projects such as:

Vault farms

Corndefi will use all lps to generate revenue. These proceeds will be used to stabilize currency prices and liquidity pools.

These benefits will be processed automatically by our team on a regular basis, and you do not need to pay additional gas.

Automated burning mechanism

40% of each proceeds will be used to buy back and burn corn.

Automatic liquidity

60% of the income obtained each time will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. And the liquidity will be locked and inaccessible.

Anti whale

Transactions of more than 1% of the total supply will be rejected. As the total supply grows, this ratio will be reduced.

Harvest lockup

We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.

Gold rocket | Satoshi club:

Also, we would like to know more about your team. Who is on the project team core?

Gp^fire

Richard hunter, one of the founders of corndefi. He has more than 5 years of experience in the cryptocurrency field. Responsible for corndefi’s strategy formulation and marketing.

Mike henry, project marketing manager of corndefi.

Started to engage in internet operations in 2017, with 5 years of actual operation experience. Responsible for the marketing and operations of corndefi.

Done

Gold rocket | Satoshi club:

Does this mean that your team is not anonymous?

Luis merino

| Satoshi club:

At least those two members no

Gp^fire

Team is anonymous but the two names can be researched about.

Done

Gold rocket | Satoshi club:

Thanks for great introduction, we will have several questions selected for the part 1. Ready to start?

Luis merino

| Satoshi club:

Thank you. Let’s go!

Gp^fire

I’m ready

Preselected questions about the CornDeFi Finance DeFi project.

Gold rocket | Satoshi club:

Q1 from telegram user @asela1112

Lps can provide liquidity using $bnb & get $corn tokens instead of that on pancakeswap. How long does it take to get our funds back, i mean what is the locking period of that pool? What is the minimum amount of $bnb that i should invest in to the pool? What kind of privileges, do you offer for lps? How about the security condition of this pool, is there anyone who can access the liquidity pool any time & withdraw all the funds without your permission?

Gp^fire

You can withdraw your funds at any time, our harvest is locked in 6 days.

No minimum investment limit.

Our project has undergone long-term internal development testing and security audits to ensure the safety of the code logic on the chain. After a reasonable token model and a reasonable model design, it attracts more investors and keeps the project active for a long time. Try our best to protect the value of investors’ assets in the long term.

Done

Gold rocket | Satoshi club:

Sorry. Now will be a delicate moment.

Gp^fire

Alright

Gold rocket | Satoshi club:

Today people came to our chat and said that they could not withdraw funds. If I give you their names, will you help me deal with the situation?

Luis merino

| Satoshi club:

So, 6 days

Thank you for the clarification

Gold rocket | Satoshi club:

Or explain what they need to do

Gp^fire

Yes of course

If you ask the person that complained, he never sent a dm and i believe the moderators banned him because he spam

Corn community is completely at peace as everyone is participating the farm, earning good profits with our amazing apr

Gp^fire

After the AMA, they can send me a dm and i’ll gladly assist them. We value all of our investors and supporters

Gold rocket | Satoshi club:

I will send you all the information in the pm.

Do you have a customer support service where users can contact?

Gp^fire

Yes, they can contact me. Thank you

Luis merino

| Satoshi club:

That’s amazing

Thank you for helping them

Gold rocket | Satoshi club:

Thanks for your answers

Luis merino

| Satoshi club:

Nice. Do you want to add something? Or ready for the second question?

Gp^fire

Ready for second question

Gold rocket | Satoshi club:

Q2 from telegram user @yellowchamp

Corn defi has no pre-sale yet corn tokens can only be bought at pancakeswap v2. So,why does your platform decided to not conduct a presale? Having no presale,how did you manage to provide some liquidity and money for some expenses especially for listing purposes to some exchanges? Does your team just provided funds or do you have some third-party partnership that helps you provide funds for liquidity? Aside from Pancakeswap, which other CEX or dex exchanges we can expect for $corn token to be listed? Lastly,does your smart contract already audited since your token can already be buy in pancakeswap? Thank you

Luis merino

| Satoshi club:

I love this question

Gp^fire

We have no pre-sale for fair launch.

Our project has passed a large amount of financing. The early income includes part of the recharge fee, and the later period will include the cost of the district centralized exchange, and the listing of mainstream exchanges in the future will bring us more returns. We firmly believe in this.

Our smart contract has been audited

Luis merino

| Satoshi club:

Can you share that audit with us?

Gold rocket | Satoshi club:

Who audited you?

Gp^fire

Audit report: https://corndefi.gitbook.io/corndefi-finance/security/audits

Luis merino

| Satoshi club:

Thank you

Gold rocket | Satoshi club:

Thanks for sharing! Safety first

Luis merino

| Satoshi club:

You are right

Gold rocket | Satoshi club:

Ready for the next question or want to add something?

Gp^fire

Yea thanks. Ready for the next question.

Gold rocket | Satoshi club:

Q3 from telegram user @andrey_seleznov

Hi corndefi!

Farming projects are often doing better when partnering with other projects and opening new pools for staking or earning tokens from other popular projects. Do you consider any partnerships at the moment? What projects would you want to invite to the corndefi platform for mutual benefit and to increase your user base and correspondingly tvl? And lastly, since you have a 4% deposit fee, is it even possible to integrate other tokens without such fees with corndefi smart contract or the other way around?

Thank you!

Gp^fire

For partnership, we have reached out to several projects for the opening of new pools for staking

We are also in talks with coinsbit

For security reasons, we have not considered integrating other tokens without fees with corndefi smart contracts or other methods.

Done

Gold rocket | Satoshi club:

Thanks a lot for the answers! Share your roadmap with us please

Luis merino

| Satoshi club:

Coinsbit is huge, isn’t it?

Gp^fire

Yea sure

https://corndefi.gitbook.io/corndefi-finance/roadmap

Thank you

Luis merino

| Satoshi club:

Thank you! Ready for the next question?

Gold rocket | Satoshi club:

You have already done a lot and you have more work ahead

Gp^fire

Yes

Gold rocket | Satoshi club:

Q4 from telegram user @victorogb

On careful study of your document and with particular reference to your roadmap, you plan to carry out some community and promotional events as well as enter into various partnerships. Noteworthy, is your planned lottery as well as twitter, youtube and ticktock contests, which are lined up to wrap up the launch stage of your project. Can you briefly describe how these activities would be organized, what are the possible dates and for how long would it run, and asides from these planned community events, what are other concerted marketing strategies to be employed and possible partnership considerations?

Gp^fire

We don’t have specific dates for this but we are sure to carry out this marketing plan and the duration for each of these is one full month at a minimum.

Done

Luis merino

| Satoshi club:

Can you please share links to your social media?

Gp^fire

https://t.me/corndefi

https://corndefi.gitbook.io/corndefi-finance/community/social-and-contact

Luis merino

| Satoshi club:

Thanks

Gold rocket | Satoshi club:

Ready for the next question

Gp^fire

Yes

Gold rocket | Satoshi club:

Q5 from telegram user @jonahapagu

Part of your long-term plans as signified on your road map is the addition of new products and a decentralized exchange (amm) so what new products does corndefi have in mind to introduce into its ecosystem, and how will the new products be implemented. How will corndefi’s proposed decentralized exchange work and what kinds of assets will users be able to trade on corndefi’s decentralized exchange..

Gp^fire

For a mature platform, safety comes first. So when our other plans are implemented, we will continue to work with the security team to do more comprehensive audits. Amm decentralized exchange is what we must do. We must do our own exchange to facilitate transactions for each user. Stable currency prices are our higher pursuit. For this reason, we will open up more trading pools and cooperate with more exchanges. There are more interesting things in the plan.

Done

Gold rocket | Satoshi club:

Thank you very much for the answer. Please share your tokenomics with us

Gp^fire

https://corndefi.gitbook.io/corndefi-finance/tokenomics/corn-token-corn

Gold rocket | Satoshi club:

Why did you decide to make unlimited supply? This is a rather unusual solution.

Luis merino

| Satoshi club:

Yes

Maybe it is what makes it different from other projects

Gp^fire

This is to realize the special setting of the project function

Gold rocket | Satoshi club:

Yes, that’s exactly how it became interesting to me

thanks a lot for the answers.

Ready for the last question of this part?

Gp^fire

Yes

Gold rocket | Satoshi club:

I think you will like this question

Q6 from telegram user @ajpaa

Deposit fee is 4% for non-corn farms/pools, deposit fee is 0% for native farms/pools. 75% of this fee will be used to buy back + burn corn to pump the price. Can you please tell us how the remaining 25% of this fee will be utilized, as I could not find details about it? Also when the proceeds from the vault was explained, it was mentioned that the gas fee is only 20% higher than that of a normal farm and that obtaining revenue is the place that spends the most gas, which will be handled by the development team. Please clarify which transaction has this 20% higher gas fee? Has the development team handled the revenue obtaining with most gas fee as you affirm?

Gp^fire

The remaining 25% is project operating expenses.

For special reasons, the user’s stake gas fee is 20% higher

The proceeds of the vault will be used to repurchase and destroy corn and increase the liquidity of corn-bnb. This part of the operation is done by the development team, and the gas fee is also the highest.

Done

Luis merino

| Satoshi club:

Thank you for the answer. I have no extra questions for this one

Gold rocket | Satoshi club:

Thanks for your answers! Now get ready for the most impressive part of our ama! Live questions!

Luis merino

| Satoshi club:

So… Part 2 is approaching

Gp^fire

Alright

Luis merino

| Satoshi club:

A huge storm of questions is almost here

Gold rocket | Satoshi club:

@gpfire1 please do not forget to take care of the guys who have problems with the unstake

Gp^fire

Yes sure

Luis merino

| Satoshi club:

So… I will open the chat for 2 minutes. Please get your best questions ready…

Gp^fire

Alright

PART 2.Questions about the CornDeFi Finance project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the CornDeFi Finance crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @lm10980

Where can I buy your $CORN token now, what are your current contracts and how can I buy them and what are the benefits?

GP^FIRE

:

You can buy here and to earn more, farm or stake

https://pancakeswap.finance/swap?outputCurrency=0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA

Q — 2 from a telegram user @cryptoflower13

Among the products you offer on your website is the Lottery, which will be launched soon. Could you give us more details on how this lottery will work? How will it magnify the income of the user?

GP^FIRE

:

The Lottery function is being tested and perfected repeatedly on the test network. I will meet you in a while and I will definitely give you a different lottery.

Q — 3 from a telegram user @deleted

DELETED

GP^FIRE

:

These benefits will be processed automatically by our team on a regular basis, and you do not need to pay additional GAS.

Automated Burning Mechanism
40% of each proceeds will be used to buy back and burn CORN.

Automatic Liquidity
60% of the income obtained each time will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. And the liquidity will be locked and inaccessible.

Anti Whale
Transactions more than 1% of total supply will be rejected. As the total supply grows, this ratio will be reduced.

Harvest Lockup
We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.

Q — 4 from a telegram user @nguyenben

Corn Defi with Unique Rewards Lockup & BuyBack Mechanism, What Makes Rewards Lockup & BuyBack Mechanism Unique?

GP^FIRE

:

Our biggest difference is that all deposited assets on the farm will be managed by the vault. The proceeds from the vault will be used to BuyBack and Destroy CORN and increase the liquidity of CORN-BNB. In this way, the transfer tax is replaced, and the loss incurred when the user trades CORN is reduced. You will not notice these details when you deposit and withdraw, and the GAS fee is only 20% higher than that of a normal farm. Obtaining revenue is the place that spends the most GAS, which will be handled by the development team.
The development team will obtain income once a day, BuyBack and Destroy CORN, and add liquidity to CORN-BNB.

Q — 5 from a telegram user @captainprice111

How important is privacy and security for the CornDeFi project? How can users trust the CornDefi project? Have you had any third party AUDIT or report because smart contracts are prone to errors?

GP^FIRE

:

For a mature platform, safety comes first. So when our other plans are implemented, we will continue to work with the security team to do more comprehensive audits. AMM decentralized exchange is what we must do. We must do our own exchange to facilitate transactions for each user. Stable currency prices are our higher pursuit. For this reason, we will open up more trading pools and cooperate with more exchanges. There are more interesting things in the plan.

Q — 6 from a telegram user @Mercury654

For the success of any project its Marketing & Advertising Strategy should be solid? what are your plans regarding marketing and advertising for the project?

GP^FIRE

:

We are great marketing for this project
We did marketing with Livecoinwatch and bscscan

Currently, we are in talks to start marketing on coinsbit, Hotbit, and gate.io

Q — 7 from a telegram user @habibi_ve

In your announcements recently I saw that CornDefi is going to conduct an airdrop, could you give us a little more detail on how I can participate in it? What are the steps required for this? When will it take place?

GP^FIRE

:

Airdrop bot: https://t.me/CornDeFiAirdropBot
End Date: September 10th, 2021.
Distribution Date: September 15th, 2021.
NB: 4000 CORN for 4000 Winners (1 CORN/person)

Q — 8 from a telegram user @Sourava12

Is it possible that I can sell all $CORN after I have harvested and what are the important parameter to check while selling $CORN?

GP^FIRE

:

Yes you can sell

Q — 9 from a telegram user @messilolz

Corndefi is available in what exchanges to buy now??? what is the contract address to buy for new investors?

AGP^FIRE

:

It is available on pancakeswap

To buy, kindly use the link https://pancakeswap.finance/swap?outputCurrency=0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA

Contract address: 0xba8aeAbca4f1C55973582a7f7D76d61A75e370fA

Q -10 from a telegram user @coinresearcher

We have seen nowadays many scam projects are built with Binance Smart Chain and I wonder why did you choose BSC for Corne?

GP^FIRE

:

CornDeFi is now running on the Binance Smart Chain. I like this chain for many reasons, including its maturity and stability and low transaction fees. Our ultimate goal is to make a cross-chain project.

Part 3 — Quiz about project

In the final part, we tested the knowledge in terms of the CornDeFi Finance project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: CornDeFi Finance

Telegram group | Telegram announcments | Tweeter | Website

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