R34P AMA with Forex Shark
R34P is a soft fork of RFI. 1% of every tx goes to holders & liquidity providers, 0.3% of every swap goes to liquidity providers, and 1% of every transaction is burned. ETH airdrops go to liquidity providers as milestones are met. The size of airdrop rewards increase as the price of the token increases. No dev fees, No presale & No Bots. R34P sends rewards directly holders with out the need to claim allowing the holder to constantly increase the % of the total supply they hold which in turn makes their rewards bigger!
Dric: Welcome everyone! to the R34P AMA with our @Forex_Sh4rk
Forex: Yes, welcome everyone!
Dric: Maybe we can start off with some introductions. Please tell us about yourself and what you do
Forex: Ok! I would love to! I’ve been working as a full time trader/investor for over a decade. I’ve been working in crypto since 2012, bought bitcoin for the first time at $14. I started a discord server 5 years ago to share some of the knowledge I’ve learned about markets with people who were interested to learn because I have a passion for it and felt like many of the so called educators in the space were exploiting their following. So I wanted to create a place where people could learn about markets and trading with out being taken advantage of. I started meeting some of the biggest devs in the space and due to my experience they reached out to for advising. Over the years I’ve handled millions of dollars pooling for presale allocations and have pooled funds for many dozens of projects large and small over the years. So for years I’ve been advising large crypto development teams and handling their presale pools. This is one of the ways I got acquainted with ExNet, as you know!
People have been asking me for years to create my own project but I refused to make some unoriginal garbage pump and dump project and have my name and reputation associated with it. When I discovered the tech that I used to create R34P I knew this one was worth building and I launched it about 8 days ago.
Dric: Very fresh! 👌 So tell us, what is the project about and maybe explain a bit about the tech you?
Forex: R34P is the only deflationary token which sends rewards directly to holders and liquidity providers which also does ETH airdorps to liquidity providers 🐂
- R34P (R34P) token benefits every holder with a 1% fee in every transaction on the blockchain, that’s redistributed to every wallet holder automatically based on the amount of R34P token in their wallets and another 1% will be sent to 0x000 wallet that will automatically burn and reduce the circulation/ total supply. R34P sends rewards directly to liquidity providers and holders with out the need to claim, allowing the holder to constantly increase the % of the total supply they hold in their wallet, which in turn makes their rewards bigger, resulting in an exponential growth curve. R34P rewards holders and liquidity providers using a method which is greater and more sustainable than any other project in crypto.
-R34P air drops ETH rewards to liquidity providers instead of tokens!! At some point I would love to explain how this was done!
Dric: So you’re airdropping ETH. Can you tell us the thought behind it as well as the benefits
Forex: yes, everyone who holds R34P gets rewards, but those who support the project the most through adding liquidity are given additional airdrops in the form of ETH when milestones are met! The first one happened at 50lp providers, the seconds will happen at 150lp providers, and then we have something very special lined up after, in the form of further development, but for now that will remain a surprise!!!
We reward those who support the project by adding liquidity in ETH airdrops so they have more ETH to add more liquidity and buy more tokens instead of free airdropped tokens they could sell on the market! We are the only project in crypto that does this!!
Dric: This redistribution and concept is very interesting. can you tell us about the launch? any dev fees? What incentivizes you as the main developer
Forex: I would love to. Before you leave the topic of the ETH airdrops I’d like to quickly touch on how this was done, because it truly shows the strength of our community!
ETH airdrops where orchestrated by top holders all chipping in 1.5% of the total supply and we sold it OTC at market rate to a VC group that I am a long term member of. The VC group were willing to pay market rate because they believe in the long term potential of the project and wanted to buy a nice chunk with out slippage or price impact. We sold it OTC at market rate as to not negatively impact the price! Then that ETH was put aside in a contract which distributes it to liquidity providers when milestones are hit. There was one when we reached 50 liquidity providers and there will be another at 150. The VC group I work with bought 1% of the supply already and will buy the other 0.5% where ever the price is when we hit 150lp providers and then that ETH is distributed, so the higher the price is the higher the ETH rewards will be 🚀🚀
Many people who where in on the first ETH airdrop got as much eth as they put into the pool from the ETH airdrop and some got more!! The earlier you add liquidity to the pool the larger you can expect the airdrops to be relative to what you put into it! We have all of the spreedsheets available of who got what and it’s confirmable on chain so we encourage people to check it out, and verify it on etherscan!
Forex: Let me post this now, so people can file in and address some of the things I’ve brought up if they wish! Now let me peak on the launch!
This is something we are very proud of as a community!
We wanted to take an amazing concept and build it for and with the community. There are no vaults, there are no dev fees, there was no presale and restrictions where put in the contract to prevent bots from sniping the listing and getting a large % of the supply for cheap just to dump on holders! This is why R34P has had the most consistent and steady growth I’ve ever seen!
The growth in the past few days has really started to pick up as the space is truly discovering what a Gem this project is and how early we are!!
Dric: Last question before i open up the floor to the community AMA portion
The continued growth really is impressive (price and wallet count), I think some people who aren’t already in would take a look at the R34P chart and think that it’s already up too high to get in now. Can you speak on that and why R34P is positioned to keep the growth going?
Forex: We are only at about 2m marketcap! R34P (R34P) is a soft fork and constructed as a secondary layer on Reflect Finance (RFI) project. This means we took the technology that was first introduced by RFI which allows holders to receive rewards directly to their wallet and we ran with it improving every aspect of it. We introduced a burn mechanism making R34P the first deflationary token which rewards holders directly to their wallet, every time a tx is made on the blockchain, with out the need to claim. We added a mechanism that rewards liquidity providers because we believe you cannot have a sustainable defi project with out incentivizing liquidity providing. We are the only project I’m aware of that rewards liquidity providing in ETH!! So liquidity providers get the same token reward which is 1% of every transaction, but they also get 0.3% of each swap which only goes them, and they also get additional ETH airdrops when important liquidity provider milestones are met. As I said there was one when we reached 50 liquidity providers and there will be another at 150!
Also unlike RFI there is no vaults, there are no dev fees, there was no presale, team liquidity is locked and restrictions where put in the contract to prevent bots from sniping the listing and getting a large % of the supply for cheap just to dump on holders! If you look at the price action on RFI, especially early on you will massive +80% dumps almost every day and this is due to manipulation by sniping bots and the team which control a massive % of the total supply and use this to cash in on holders.
I bring up RFI because they are currently at around 22m marketcap. We took the best concept their project delivered and like a seed used that concept and grew it into R34P which has improved on it in every possible facet. R34P rewards holders and liquidity providers in a greater and more sustainable method than any other project in crypto and our End Of Year goal is to surpass RFIs marketcap which will take our price up to around $300 when you factor in the deflationary aspects of the project! That’s a 20x move up from here projected by the end of year!!
I would also like to speak about why our project is more secure than traditional staking/farming project, but I will allow the questions from the community as one of them will probably give me an opportunity to address this 😄
Dric: few more days until end of they year. Opening the floor now to the community AMA
Q: How does R34P intend to increase the value,utility and liquidity of $R34P token. thus producing a natural increase in price of the token? what are the benefits for hold token for longterm?
Forex: [In reply to kuluk and uhuk]
I want to say that this recent consolidation we are breaking out of has been the bullish thing to happen to R34P yet and I am even more bullish on the project now than I have ever been!
R34P gained 70% more holders over the past 2 days days than any day time period since launch and that trend of exponential growth has continued!!
Many other projects were crashing hard while we were in that phase but our token held strong and went into this bullish consolidation phase, which is known as a bull flag. What this did was shake out the weak hands that have been in the project for days and where deep in profits, but every time they would get shaken out they would be replaced with dozens of new buyers and first time holders looked at this consolidation as their opportunity to get into the project. This led to the number of holders who had 2,000 tokens or more being reduced from about 15 to under 3 and as I said they were replaced by hundreds of new holders that are all getting in at this price for the first time. This is extremely bullish!
This token is deflationary so as it’s transacted the total supply is constantly being reduced making the value of each token greater.
R34P sends rewards directly to liquidity providers and holders with out the need to claim allowing the holder to constantly increase the % of the total supply they hold which in turn makes their rewards bigger, at the same time the total supply/circulating supply is being burned, creating a compounding effect which results in an exponential growth curve. Since it does not reward holders using inflation it is more sustainable then any farming token and will continue to reward liquidity providers and holders through out the whole life of the project!!
This is one of the many reasons we didn’t see an exponential move up followed by a big crash down! It only continues to grow and we are just getting started. R34P rewards holders for doing what is best for them and the health/price of the project and this is why we will see continued growth into the future!!
Q: No dev fees, no Presale, no bots, so how exactly does R34P gets funds in piloting the projects? Do you guys have traditional jobs asides crypto to help keep you going? #R34Pamaroom”
Forex: As I said I’ve been in crypto since 2012 as a trader, advisor, funds manager so I was able to put up all of the starting capital to get this project developed and provide the initial liquidity in the pool. I have many connections in the space who have stepped up to do their part because we have been working with each other for so long and they want to support a project with true integrity. Top holders have also chipped in capital as I explained earlier which was used and is used for marketing and rewards to holders/liquidity providers. Most importantly design of the token has built in mechanisms which allow R34P to be a fully DeFi project. This is why the liquidity pool went from 100% supplied by the team to only 40% supplied by the team. None of the initial liquidity was removed by the team, in fact it’s locked in there and can’t be removed, but since launch many of the holders have added their own liquidity to receive rewards that allow the project to remain self sustaining and thriving into the future completely independent from the team or any single entity.
Q: Many projects rug pulled and exit scam recently. Why should investors trust $R34P project not to do the same
Forex: We cannot scam!! The liquidity which was added by the team is locked in the pool and cannot be removed. The contract is immutable and cannot be changed in the future to benefit the team or any of the developers. There was no presale so all of the tokens where made to the public at the same time as everyone else and restrictions where put in the contract to prevent bots from sniping the listing and getting a large % of the supply for cheap just to dump on holders. There are no team tokens to be dumped, in fact if you look at holdings on Etherscan you will see that the distribution of our tokens is extremely healthy. I should also mention that when you look at the holders, the top holder is a burn/reward address which cannot sell, The second largest holder is the uniswap liquidity pool which is locked and/or distributed between hundreds of members of the community which is what decentralization is all about, then their is the deployer address below that, and further down we have top holders who have relatively few tokens and hold a small % of the total supply. We prevented buyers from buying more than 2,500 tokens at launch to prevent manipulation from bots and insiders and it worked perfectly. The majority of top holders all chipped in a % of their holdings as a community to go towards marketing and rewards so they all have an incentive to be in this for the long run. Essentially this project cannot be team dumped or exit scammed!
Q: How does R34P determine the rate to burn for each blockchain transaction, the rate that will reduce the circulation, the total supply, and what amount will be automatically redistributed?
Forex: The rate of burn is based on 1% of each transaction, 1% of each transaction is distributed to holders and 1.3% of each transaction is distributed to liquidity providers.
Q: Are you planning to get further security audits? As an investor for sure we can never be sure, as dApps are getting constantly exploited.
Forex: We do not rely on any dapps, this is one self sustaining contract that rewards holders with out them having to interact with secondary staking or farming contracts and does not even rely on a website. This greatly decreases the attack surface and points of failure that are used to exploit most projects. The token contract has been audited and stress tested by multiple third parties and it is immutable meaning the devs cannot come in after launch or after everyone had bought their bags to change the contract in any way! We launched opensource and pre-verified on etherscan and our code is still up there for anyone to see so we encourage everyone to go take a look at it!
Q: The Ethereum blockchain is having some problems with its transaction speed and high gas fee,but why does R34P still use Ethereum blockchain?Do you have any plans to launch your mainet or convert to other blockchains in the future?
Forex: Unlike other projects we do not rely on secondary contracts to reward holders/liquidity providers and because of this you do not have to place any transactions to collect R34P rewards, they go directly to your wallet so there is no worry about congestion or paying $20 gas fees to collect rewards. As of right now ETH has the best infrastructure and security for this type of project we plan to continue to take advantage of itthis
Q: How can you prevent impermanent loss if Ethereum is stable and why is a projetc such as R34P ideal for DEXes such as Uniswap?
Forex: impermanent loss typically comes from pump and dumps. I think this project has enough organic trading back and forth that the 0.3% fees alone would make up for it, however R34P gives 1.3% to liquidity providers and on top of that additional rewards in the form of ETH airdrops. We know that you cannot have a successful DeFi project with out sufficiently rewarding liquidity providers and we have gone above and beyond any other project to do so. Great question.
Q: Crypto people say that the next boom will on NFT after the Defi, Do you agree with this? And what are the plans of #R34P to build on NFT concept/Technology ? Any future idea about NFT?
Forex: I believe NFTs have a massive place in crypto’s future but the NFTs have to be part of a larger system such as a video game or other mechanism the gives the NFT value. NFTs in the form of art can often be screenshot and placed on the blockchain to be sold for cheaper than the original and we see this taking place all the time. It takes the community and the space as a whole to recognize the value of an original piece of art and there are very few artists making NFTs who have the name and clout to make having an original piece by them more valuable that an exact copy put on chain by someone else and sold for cheaper. This is why you need a system to authenticate that it is the original and gives you access to use it in the system because it is the original such as a video game. There is a lot of great artists in the R34P community and I’m sure at some point we will be offering NFTs as part of a large system such as a game!
Q: “STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION
Does your R34P TOKEN PROJECT have plan about Staking?
Forex: We are much more secure this way and it allows for all the same mechanisms of reward and incentives to hold that staking has with out the downsides. You do not have to spend +$20 a day claiming rewards like you do with staking/farming projects, we do not rely on any dapps, this is one self sustaining contract that rewards holders with out them having to interact with secondary staking or farming contracts and does not even rely on a website. This greatly decreases the attack surface and points of failure that are used to exploit most projects. The token contract has been audited and stress tested by multiple third parties and it is immutable meaning the devs cannot come in after launch or after everyone had bought their bags to change the contract in any way! We launched opensource and pre-verified on etherscan and our code is still up there for anyone to see so we encourage everyone to go take a look at it!
Q: Do you have any Coin Burn & BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to @R34PTOKEN
Forex: Right now the best use for the teams capital is to be in the liquidity pool, but as the initial liquidity added by the team becomes less and less relevant we have left options open to use that capital for buy back, marketing and further development. However the initial capital added by the team will remain in the liquidity for as long as it’s relevant to the success of the project.
Q: Many projects only talk about their stringhot, what can you talk about the weak point of the Your project you are currently managing? Is it weaker than other projects?
Forex: Our weakness is also our biggest strength. Since we had no presale, no dev fees, no vaults, ect. we rely on the community and our teams connections to propel the project into the future, however this is also our biggest strength because we are a true defi project which brings us sustainability and security with out the need to trust in me or anyone else involved in the project. We have some very big members of our community and deep connections so this is not a problem and is indeed one of the greatest aspects of our project
Q: Can you please share details about your upcoming presale , What is the Hardcap and price of R34P? How many rounds you conducted and what is the initial listing price on uniswap ?
Forex: R34P was not like most typical projects that start with a marketcap at listing through raising funds in presale. It was more of a LGE type of launch where all of the tokens were placed on uniswap with no value and then the first trade was made by myself to set things off. This is one of the main reasons why we have so much more growth ahead of us and why all of you are so early! I would consider anything under $50 equivalent of getting the tokens at a presale rate!
Q: Circulating supply of R34P is almost about to run out. What will you do when you reach to initial supply figure which is 100.000 ? Burn?
Forex: The total supply will never run out as it’s based on a % of each transaction.
Q: What have you improved from RFI’s code and why R34P is not “just another fork” that will pump & dump? Sorry for critic question but seen too many rug pulls with forks.
Forex: We are in improvement on RFI in everyway and we are one of a kind. Please see my comment on why the project price of R34P is $300 by end of year, in which I explain why our project is significantly different than R34P.
Since R34P has been so successful there have been multiple forks and wanna be clones that have copied some aspects of our project, but they all left out the most important aspects that make R34P so successful, such as all of the functions that reward liquidity providers, they don’t have the community, they don’t have well known devs, they gave tokens out to shills, was not a fair launch.. Plus at this point they are just one of many projects that took our concept.. I don’t mind because every time someone brings them up it’s free promotion for us, but there is only one R34P. We are the only project of this kind that airdrops ETH as rewards to liquidity providers and I’ve already explained why this is so important!
Q: 1.increasing Token price
2.make Token Valuable
3.Building Community Trust From 3 aspects above,Which one the most important for you?If all above are important for #R34P ,Which one that Will you do first??
Forex: Building the community through trust and integrity is what this project has been about since before it launched. I could have easily raised a ton of money presale and then used it to pump the price or just treat the project like a cash grab but we did everything possible to make this projects growth organic and community driven.
Q: Currently @R34P TOKEN traded on uniswap only but not traded on
major exchanges What do you think about new listing
Forex: We have gotten many offers to list on other exchanges and we will take all offers into consideration. We intend to remain a fully DeFi project so any exchange we do list on will be DeFi and will have to bring significant additional value to the project in the form of promotion or access to a wider investor base.
Forex: Our communities connections in the space, I am admins of multiple very large and in fact the largest promotions group on TG, we have a massive twitter promotional team, and people recognize a fair project with integrity which is very rare in this space. this is why our community is experiencing exponential growth!
Q: So if I’ve understood correctly — decreasing supply 1 percent burn and 1 percent goes to holders as dividends on transactions? How is such model sustainable?
Forex: It’s sustainable for the reasons I already explained. Since it’s based on a % of each transaction and not a fixed rate the value of each token will continue to go up with each transaction relative to ETH but will never run out!
Dric: thats a warp! thanks for taking the time to hold this AMA with us.
Forex: definitely learned a lot more about the project. and seeing the reason behind the great price action
Dric: please invite people to any upcoming events and where they can learn more about R34P
Forex: Ok, anyone who wants their questions answered that I haven’t already gotten to can come over to our tg group and I will get to all of the rest of them and everything else you guys want to know.
Just to say what we have lined up in the very near future.
We have another massive ETH airdrop coming when we hit 150 liquidity providers!
We just on boarded a massive twitter promotion team that backs some of the best projects in crypto including Unicrypt. I rarely will bring up other projects because I don’t feel like they deserve attention and I don’t want to give it to them but unicrypt has done great things for the space and this twitter promotional team helped them become the most used crypto project when it comes to time locking contracts and they will bring this same attention to our project which rewards holders and liquidity providers greater than any project in crypto.
We have an AMA lined up with Black Dragon’s Research which is an arm of the Black Dragons VC group who does research on new projects in order to market them to high capital investors.
We are about to start a push on youtube! The community has already done big things when it comes to promoting on youtube for us and we have multiple new videos coming out about R34P every day but I have meetings scheduled with CryptoLifeStyle, Crypto Zombie, and Box Mining. I also have a direct connection to many other youtubers who I will be setting up meetings with in the near future.
I also have something very big planned which I will announce when we reach 150 liquidity providers but I have to keep that a secret until then. I can say it’s another way we will bring a ton of new buyers into the project and they will be locking up liquidity to earn rewards… I’ve said too much 🤐
I could go on and on, we have so much lined up. I’ve been in the space since 2012, I have connections with all the biggest devs and promoters in the space and I will pull out all stops to take this project where it deserves to be. Like I said end of year goal is surpassing RFIs marketcap which will bring us to around $300
I wanted to get to everyone’s questions but I also wanted to give full and genuine answers, so please come to out tg group and continue to ask away!
I wanted to get to everyone’s questions but I also wanted to give full and genuine answers, so please come to out tg group and continue to ask away!
I had to end it there because I don’t want to test everyone’s patience. I have a direct connect to the coinmarketcap team, coinstats.app, etherscan, dextools, and many other big platforms that we will use for marketing!
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