Kerberos Finance x Satoshi Club AMA Recap from 19th of December
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Kerberos Finance and our guest was Lance. The AMA took place on 19th December.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Good evening, dear community!
We conclude our today’s AMA marathon with a very interesting project.
D. | Satoshi Club: hello again Satoshi Club!
Gold Rocket | Satoshi Club: We are present to your attention our AMA with Kerberos Finance.
Today our guest is @kbr_fi!
D. | Satoshi Club: @kbr_fi welcome to Satoshi club!
Gold Rocket | Satoshi Club: @kbr_fi how are you doing?
K | Owner of Kerberos Finance: Hi, I’m fine & doing well. Thank you
Happy to be here in the Satoshi Club community and present our project, Kerberos Finance!
D. | Satoshi Club: nice! welcome!
Gold Rocket | Satoshi Club: Thanks for joining.
Tell us a bit about yourself before we hear about your project
K | Owner of Kerberos Finance: Thanks for having me!
Yeah, hello everyone, my name is Lance (K is just nick-name).
I’m the Project Leader of Kerberos Finance project
I have started the project back in Oct 2020, and have been working with an amazing and diverse team up to this point.
So what is Kerberos Finance?
We’re creating the community ecosystem in which we have introduced 2 products:
– $KBRF: Yield Farming, Staking and more.
– $kAIDES: Fully Decentralized Gamification.
And the last core of the platform will reveal in Q1/21
Gold Rocket | Satoshi Club: it is very interesting! which core, if not a secret?
K | Owner of Kerberos Finance: the last one will be the platform core, sorry I can’t spoil now
D. | Satoshi Club: ok, we understand can you tell us, briefly about your team members as well? how many people work at your project?
Gold Rocket | Satoshi Club: Ok! promise to share with us after the release
K | Owner of Kerberos Finance: Our team has 4 members
Eden — Solidity Developer
Fin — FE Developer
Grace — Designer
Sure I will
Gold Rocket | Satoshi Club: Not a very big team!
K | Owner of Kerberos Finance: Yes, that’s the reason why our team must work 12–15 hours everyday
Gold Rocket | Satoshi Club: Thanks for the great intro! Can we proceed to the questions of part 1?
K | Owner of Kerberos Finance: I’m ready
D. | Satoshi Club: we hope your project will grow up as is your team
Gold Rocket | Satoshi Club: We wish you success in your work!
K | Owner of Kerberos Finance: Thank you so much! No matter what the result is, it’s an unforgettable experience !
Q1 from Telegram user @yellowchamp
Many Defi Yield Farming in the market nowadays. So as a new entry in the market , what is the edge and strongest point of Kerberos Finance that investors will choose to invest and trust with you with their single penny out of hard work and effort? Can you share some legitimacy of your platform? Does your platform already undergo with some audit? How about your Smart Contract?
K | Owner of Kerberos Finance: An interesting question, yeah, there’re so many many Defi Yield Farming in the market nowadays, but our platform applies this unique point:
Buyback & Burn Mechanism:
The yield generated from holding these assets are paid in-kind on the highest-yielding platform. When a withdrawal is made, the smart contract calculates the profit and splits up the assets into 3 distinct portions (47.5%, 47.5%, 5%). These portions are:
– ‘The Buy & Burn’ (47.5%): This portion is converted to ETH, and buys back the KBRF token from Uniswap, thus increasing it’s market value.
– ‘The Compound’ (47.5%): This portion is left on the platform and reinvested back into the KBRF vaults, creating an autonomous money pile that continually compounds to make money.
– ‘The Rest’ (5%): The remaining 5% is retained in the governance wallet for future developments and covering gas costs
Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw
K | Owner of Kerberos Finance: About Contract Audit, we’ve contacted to Trail of Bits & Certik. Any updates will be announced soon.
Token Name: Kerberos Token
Token Symbol: KBRF
Token Address: 0x5255bb2de3ee6ca1ba729a9f0558e99da4d43303
Total Supply: 50,000 KBRF
– 30,000 reserved for liquidity mining.
– 16,000 for sale & liquidity lock.
– 3,000 for future incentivization of community contributions and airdrops.
– 1,000 for dev fund.
Gold Rocket | Satoshi Club: Everything is clear to me! Do you want to add something? Or can we move on to the next question?
K | Owner of Kerberos Finance: You all can refer our smart contracts via:
Source code will be public on our Github repo soon
Gold Rocket | Satoshi Club: Thanks for sharing
D. | Satoshi Club: thank you! waiting news about your audits and your code!
Q2 from Telegram user @Winterkom
– Kerberos Finance currently has 2 heads ($KBRF and $kAIDES). My question is, will these be the only Kerberos divisions or will there be a 3 head?
D. | Satoshi Club: nice question can we expect third token?
K | Owner of Kerberos Finance: Hahaa, it might be crazy if our team releases 3 heads at the same time
Eden, our main Solidity dev, will not have sleep time
Yeah, as I have mentioned above, the 3rd head will be the core of the Kerberos Finance platform. But I can’t spoil now
Btw, Kerberos, in many religions, not only has 3 heads
D. | Satoshi Club: got it! so what we can expect from Kerberos in the nearest future? maybe some events?
Gold Rocket | Satoshi Club: we understand you! Is there something to add or jump the next question?
K | Owner of Kerberos Finance: It will be ready and introduced in Q1/2021
D. | Satoshi Club: gotcha
Gold Rocket | Satoshi Club: share a roadmap?
K | Owner of Kerberos Finance: You can check our roadmap via Litepaper: https://kerberos.finance/docs/litepaper.pdf/
it will reveal something
Q3 from Telegram user @samuelstook
One of the features of Kerberos Finance is Blood Spirits, which is a flexible burn rate. What is the difference between Blood Spirits and other normal Burns?
K | Owner of Kerberos Finance: Our platform recommends strong hold & holders/farmers will receive interest from token value
the flexible burn rate per tx will punish weak-hands who sell their tokens too soon
D. | Satoshi Club: so — never sell?
K | Owner of Kerberos Finance: The cheaper token price they sold, the more fee they will be punished
hahaa, no bro, when the price at 10 times of the presale price, the fee is 1% only
D. | Satoshi Club: got it. so don’t you think this system could be somehow vulnerable for some manipulations?
maybe people will find ways to abuse your mechanism somehow
K | Owner of Kerberos Finance: Absolutely, some whales can manipulate the $KBRF price, but it’s only temporarily. Thanks to buyback&burn, the total supply will become more and more scarce & valuable in the long term period
D. | Satoshi Club: understood
i think we go to the next question, ready?
K | Owner of Kerberos Finance: Yeahh
Q4 from Telegram user @Jonahapagu
The kerberos Finance team started from betabros community….this is the first time I’m hearing about betabros… what is this betabros project all about and what responsibilities did your team have when they were with betabros community and why did they decide to create a different project outside betabros
K | Owner of Kerberos Finance: It’s hard to say, well, betabros represents for yfbeta — an interesting Defi project launched on Sep 2020
Unfortunately that yfbeta project can be marked as dead atm, when the main dev left
we started and resolved what yfbeta couldn’t finish with $KBRF
Gold Rocket | Satoshi Club: Nice!
K | Owner of Kerberos Finance: The reason why we didn’t take responsibility for developing yfbeta continually is the main dev has rugged betabros
so zero trust now
Gold Rocket | Satoshi Club: it happens in the crypto world. the main thing is to make the right conclusions in time
D. | Satoshi Club: oh, that’s very sad
Gold Rocket | Satoshi Club: Thanks for the answer!
K | Owner of Kerberos Finance: anw betabros is one of the best community our team’s joined
very friendly & constructive
D. | Satoshi Club: yep, sadly, there are so many rugs in DeFi world, but at the same time lots of good community projects as well.
Gold Rocket | Satoshi Club: Can we proceed to the next question?
K | Owner of Kerberos Finance: My pleasure
Q5 from Telegram user @NataliyaKil
D. | Satoshi Club: lots of people in the world don’t have PC or laptops
Gold Rocket | Satoshi Club: do you have a mobile app in your plans?
K | Owner of Kerberos Finance: Nice question
Fin, FE dev & Grace, designer are taking responsibility for developing our website v2.0 with simple UI & UX
About the warning “The transaction is not supported in the mobile browser. Use a desktop browser instead.”, our beta vaults support Metamask wallet & WalletConnect for depositing only
Gold Rocket | Satoshi Club: @NataliyaKil still there is a solution for you
K | Owner of Kerberos Finance: with many steps of depositing/withdrawing, it’s unsecure & not convenient when using mobile version, so we decide not to release mobile version at the same time with website v1.0
Gold Rocket | Satoshi Club: @kbr_fi next question?
K | Owner of Kerberos Finance: Fin & Eden should look out hahaaa
Q6 from Telegram user @Pratze
You said that Kerberos using Compound Strategy for yield farming. Compound Strategy offer a different pool to each token, that also mean deposit and with drawn completely independent, but can you give explanation why did you use this strategy? What is the benefit for both user and kerberos?
K | Owner of Kerberos Finance: I remembered that someone has asked Eden this question already
This strategy not only helps us analyze the interest and choose the right way easier at the beginning, but also implement buyback & burn mechanism more effectively. Additionally, investors/farmers can benefit from the optimal APY
Gold Rocket | Satoshi Club: Share links please on this issue
K | Owner of Kerberos Finance: Let’s check it our if you all have time: https://docs.kerberos.finance/kbrf/how-kerberos.finance-works/
Gold Rocket | Satoshi Club: Thanks a lot!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @bathulosnom
Kindly tell me about the second token. You said that there will be no team token and no pre-sale. If there is no pre-sale than how can I get $KAIDES token?
K | Owner of Kerberos Finance: Many people concern about $kAIDES
kAIDES is a fully decentralized blockchain gamification & a part of Kerberos Finance platform. Refer: Docs
You can own$kAIDES through 2 ways:
– Buy it on Uniswap after listing
– Own more than or equal to 5 $KBRF. Our teamteam will snapshot all $KBRF holders with a 5+ $KBRF balance after 1 week of $KBRF Uniswap listing. You can claim kAIDES corresponding to the amount of $KBRF you own.
Q2 from Telegram user @Nickkiii
Give us more details on the $KBRF presale, what form of cryptocurrencies would be accepted for investing, how many rounds, what are the minimum and Maximum capital allowed for investment ?
K | Owner of Kerberos Finance: The pre-sale is starting on Wednesday the 16th of December and ending on Thursday the 31st of December at 4:00 PM UTC. We will be distributing 10,000 KBRF. Until the 24th of December the price will be 0.04 ETH. After the price will be 0.045 ETH per KBRF.
Presale URL: https://presale.kerberos.finance/
Token allocated: 10,000 KBRF
Conditions: 0.1 ETH min. & 5 ETH max. per address
HC: 400 ETH & no SC. You can find more here
Q3 from Telegram user @cryptovgh
You have mentioned in your article that
• No Pre-sale.
• No Dev Fund.
• No Marketing.
Is this mentioned only for kAIDES ? Because according to your website KBRF pre sale is live now. Please explain this @kbr_fi
K | Owner of Kerberos Finance: We have introduced 2 products:
– $KBRF: Yield Farming, Staking and more.
– $kAIDES: Fully Decentralized Gamification.
Pre-sale is live now with $KBRF, the article you read is for $kAIDES
Q4 from Telegram user @Winterkom
– Are there any benefits or incentives for users to try the Kerberos testnet? When the official launch of this platform occurs, will there be any kind of reward for early adopters?
K | Owner of Kerberos Finance: We always encourage the constructive ideas, and ready to pay through community fund
Q5 from Telegram user @kathdm
After Thursday the 31st of December at 5:00 PM (UTC) users will be able to claim their purchased KBRF by clicking the claim button on the pre-sale page. Is there any incentive you offer for users to hold their long term tokens and not sell them instantly?
K | Owner of Kerberos Finance: Our listing plan:
$KBRF: when reach the HC or Dec 31 2020
$kAIDES: Jan W2 2021
$KBRF holders can farm with attractive APY & receive $kAIDES as well
Q6 from Telegram user @Antoni_azx
KERBEROS has destined a part of 19000 tokens to be added to the Uniswap liquidity lock. The specifific amount for this part is not detailed in your litepaper. How many tokens do you plan to put in the liquidity locked pool and how long will be locked?
K | Owner of Kerberos Finance: Thanks for your concern, we will update the docs
– 10,000 for pre-sale
– 2,000 for betaswap
– 4,000 for Uniswap listing
– 3,000 for community
Liquidity will be locked 1 year
Q7 from Telegram user @cryptovgh
Where is this project name (KERBEROS) coming from ? And also there are 3 foxes in your logo. What is the meaning of this logo and the project name? and what is the relationship with foxes to the project? @kbr_fi
K | Owner of Kerberos Finance: hahaa, interesting question, Grace should recheck her design
Kerberos is our mascot, Kerberos aka Cerberus referred to as the hound of Hades (Áïdēs) in Greek mythology, a multi-head dog that guards the gate of the Underworld.
It symbolizes for power and responsibility
Q8 from Telegram user @SutedjaDian
You said that contract will be audited by Trail of bits and CertiK. Why two company? Fine you think that it will cost extra money? When staking program will launched?
K | Owner of Kerberos Finance: We’ve contacted both of them, and will consider which’s better
Q9 from Telegram user @Alika061
How long will liquidity be locked by the $KBRF toke and does the #KarberosFinance team get rewarded if for example your team provides liquidity when registered on Uniswap later, then does #KarberosFinance itself not hold a pre-sale then how much is the amount of support in tokenomics to share the $KBRF token ?
K | Owner of Kerberos Finance: $KBRF Liquidity lock: 1 year, and the reward will be depositing into vaults, not dev fund
Q10 from Telegram user @jangrihwa
Why does Kerberos Finance have members consisting of Eden, Fin, Grace and the initials K. How did you come together in making the Kerberos project?
K | Owner of Kerberos Finance: We’re worked together for a long time in blockchain field, so we can work collaboratively and without any distance
Part 3 — Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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