WaykiChain AMA with Vietnam Blockchain Community
Thai Nhat Minh | Stably, [17.06.20 17:23]
First of all, can you have a brief introduction about yourself as well as about WaykiChain to all of our audience in this community? @Vincent_Lionheart
Vιηcεηт J. Lionheart, [17.06.20 17:23]
Sure
Vιηcεηт J. Lionheart, [17.06.20 17:23]
I am the global partner of waykichain as you can see in the team page https://www.waykichain.com/aboutUs.html
Nhật Võ | 没有希望 |, [17.06.20 17:23]
[ 👍 Sticker ]
Lam Marcus, [17.06.20 17:24]
[ 🥜 Sticker ]
Vιηcεηт J. Lionheart, [17.06.20 17:24]
Vice Chair/rapporteur for EU Commission.
Founder CEO of CRTP Inc.
Member of Gamma Sigma Delta honor society.
Assistant Dean of Graduate School.
Professor and Department Head.
Electronic communications chair at NCSU (Elected by department representatives).
PERL coder for the math department at NCSU.
Webmaster at NCSU.
R&D officer in Ozel Electronics.
Vιηcεηт J. Lionheart, [17.06.20 17:24]
these are my earlier experiences
Vιηcεηт J. Lionheart, [17.06.20 17:24]
I have been in crypto for 3 years
Vιηcεηт J. Lionheart, [17.06.20 17:24]
helping various companies, mainly consulting
Vιηcεηт J. Lionheart, [17.06.20 17:24]
and I have a team of people at zeugmarket.com
Vιηcεηт J. Lionheart, [17.06.20 17:24]
I have been working for waykichain since 2019
Vιηcεηт J. Lionheart, [17.06.20 17:25]
They visited us and we had a large meetup with the waykichain CEO Gordon
Vιηcεηт J. Lionheart, [17.06.20 17:25]
Then I organized many meetups and introduced waykichain to people
Vιηcεηт J. Lionheart, [17.06.20 17:26]
I introduced waykichain to avionejet and now you can use WUSD, waykichains stable coin to rent a jet, helicopter, health helicopter, and any tourism. I think enough about me.
Vιηcεηт J. Lionheart, [17.06.20 17:27]
Let me talk about waykichain a little bit
Vιηcεηт J. Lionheart, [17.06.20 17:27]
As I did not know I would be the speaker, I did not prepare any text, but let me try to keep it brief
Thai Nhat Minh | Stably, [17.06.20 17:28]
[In reply to Vιηcεηт J. Lionheart]
Much appreciated your effort! 💯
Vιηcεηт J. Lionheart, [17.06.20 17:28]
Waykichain is one of the largest companies in Hong Kong and China, and they are very well known by millions of people
Vιηcεηт J. Lionheart, [17.06.20 17:28]
Since 2019, they are now known in Europe, Russia, Iran and other countries as well. It is a very global company
Vιηcεηт J. Lionheart, [17.06.20 17:29]
At first, waykichain was focused on dAPPs, and had millions of people using their decentralized apps in China
Vιηcεηт J. Lionheart, [17.06.20 17:29]
They even gave a helicopter as the prize to a winner during 2018 soccer world championships, and you could get a 2.5 kg gold football if you wanted.
Vιηcεηт J. Lionheart, [17.06.20 17:30]
after working on dAPPs, waykichain decided that DeFi, decentralized finance is the future
Vιηcεηт J. Lionheart, [17.06.20 17:30]
so in 2019, they moved onto their mainnet and started working in DeFi
Vιηcεηт J. Lionheart, [17.06.20 17:30]
The defi in waykichain is based on the base layer of their code
Vιηcεηт J. Lionheart, [17.06.20 17:31]
as opposed to the smart contracts of the eth based defi platforms
Vιηcεηт J. Lionheart, [17.06.20 17:31]
there are many advantages of having a C++ code for defi, as it is the blockchain code
Vιηcεηт J. Lionheart, [17.06.20 17:31]
i can talk about them later during the questions, but waykichain is very safe, and it has a very strong oracle that defies any odds
Vιηcεηт J. Lionheart, [17.06.20 17:32]
let me also shamelessly promote my article on this, as in how waykichain is doing the best in decentralization and with a great oracle https://hackernoon.com/how-to-avoid-exploits-and-hacks-using-proper-decentralization-aq1t3dm9
Vιηcεηт J. Lionheart, [17.06.20 17:32]
i think that is enough for now
Thai Nhat Minh | Stably, [17.06.20 17:33]
[In reply to Vιηcεηт J. Lionheart]
Thank you for such an impressive introduction! Are you ready to the main parts with lots of questions waiting ahead? @Vincent_Lionheart
Vιηcεηт J. Lionheart, [17.06.20 17:33]
[In reply to Thai Nhat Minh | Stably]
of course, shoot :)
Thai Nhat Minh | Stably, [17.06.20 17:33]
[In reply to Vιηcεηт J. Lionheart]
1️⃣ Can you explain the nature of the 3-Token WaykiChain Economic Model? from @cody123
Vιηcεηт J. Lionheart, [17.06.20 17:34]
[In reply to Thai Nhat Minh | Stably]
Sure, everyone probably has heard about this already, but let me try to explain so everyone can understand it
Vιηcεηт J. Lionheart, [17.06.20 17:34]
there are three coins in the waykichain ssystem
Vιηcεηт J. Lionheart, [17.06.20 17:34]
WICC, WGRT, and WUSD
Vιηcεηт J. Lionheart, [17.06.20 17:35]
In earlier models of defi, there were two coins, and systems like bitshares were not resilient against price fluctuations.
Vιηcεηт J. Lionheart, [17.06.20 17:35]
Let me try to make it simpler.
Vιηcεηт J. Lionheart, [17.06.20 17:35]
If the price of the utility coin dropped significantly, the stable coin price would drop as well.
Vιηcεηт J. Lionheart, [17.06.20 17:36]
The three coin economy was developed based on this.
@Bitcollarmax Tay, [17.06.20 17:36]
Hi
Vιηcεηт J. Lionheart, [17.06.20 17:36]
So, WICC is the utility coin, you use it for everything. SImilar to other utility coins. WUSD is the stable coin, with its value being equal to 1 USD all the time
Vιηcεηт J. Lionheart, [17.06.20 17:37]
WICC is used as collateral, and WUSD is borrowed from the system.
Vιηcεηт J. Lionheart, [17.06.20 17:37]
[In reply to @Bitcollarmax Tay]
well hello 😂😂😂
Vιηcεηт J. Lionheart, [17.06.20 17:38]
anyways, the collateral rate is 200 percent, so you use 2 dollars worth of WICC to open a CDP, borrowing 1 WUSD, which is worth 1 USD, always.
Vιηcεηт J. Lionheart, [17.06.20 17:38]
you can also lend WUSD, and gain interest
Vιηcεηт J. Lionheart, [17.06.20 17:39]
people borrowing use the WUSD they borrowed, for their business, or pleasure, or whatever. When they bring the WUSD back, they get their collateral back, which is WICC, and they pay some interest, in the form of WUSD.
Vιηcεηт J. Lionheart, [17.06.20 17:39]
Then this WUSD is converted into WGRT, and burned.
Vιηcεηт J. Lionheart, [17.06.20 17:40]
This means that the newly bought WGRT coins will decrease the whole supply, every time someone opens a CDP or someone’s CDP is liquidated.
Vιηcεηт J. Lionheart, [17.06.20 17:40]
As WGRT is burned, and its supply decreased, its value must increase, because of the supply demand equeation
Vιηcεηт J. Lionheart, [17.06.20 17:41]
We have more to come, not just borrowing and lending, but we plan to take all banking services to blockchain.
Vιηcεηт J. Lionheart, [17.06.20 17:41]
In addition, this July, we are coming up with a new product, wayki x, and crosschain solution
Vιηcεηт J. Lionheart, [17.06.20 17:42]
So, you will be able to use bitcoin, ETH, etc. as collateral and borrow WUSD
Vιηcεηт J. Lionheart, [17.06.20 17:43]
with the WICCX product, which is similar to synth, you will be able to use synthetic commodities. For example, you will be able to use gold as collateral to borrow money from our decentralized ecosystem, and other people will be able to lend to gain interest
Vιηcεηт J. Lionheart, [17.06.20 17:43]
i think that is enough for the first question.
Thai Nhat Minh | Stably, [17.06.20 17:43]
[In reply to Vιηcεηт J. Lionheart]
2️⃣ Why would you choose $ WGRT to IEO instead of WICC or WUSD. How do you plan to develop after IEO? from @QuyenCao93
Vιηcεηт J. Lionheart, [17.06.20 17:44]
WICC and WUSD are already in exchanges, and they are large exchanges
Vιηcεηт J. Lionheart, [17.06.20 17:45]
Huobi, bittrex, gate.io are very large exchanges. WICC is even in bithumb.com which is basically the bithumb exchange focused on Korea. It is very expensive and hard to get into that one, but waykichain is in there. We are also in binance.org which is the DEX, decentralized exchange of binance
Vιηcεηт J. Lionheart, [17.06.20 17:45]
WGRT made the IEO today, and it was immensely succesfull.
Vιηcεηт J. Lionheart, [17.06.20 17:46]
I woke up at 6.50 AM in Europe, went to okex.com and subscribed after holding onto 100 okb
Vιηcεηт J. Lionheart, [17.06.20 17:46]
The IEO ensures that all distribution and marketing is handled by the exchange, and people trust large exchanges
Vιηcεηт J. Lionheart, [17.06.20 17:47]
Okex is such a large exchange, and we are very pleased that we made that IEO in okex
Vιηcεηт J. Lionheart, [17.06.20 17:47]
I see people still trading WGRT on there and making money
Vιηcεηт J. Lionheart, [17.06.20 17:47]
If you joined the IEO, it was sold with the price of 0.003 USD per coin, then increased to 0.006 USD and went up to 0.008 USD
Vιηcεηт J. Lionheart, [17.06.20 17:48]
It is now trading around 0.008 USD per coin. If you did not have a chance to 3x your money, do not fret! We can still get some WGRT coins for you, below the current market value
Vιηcεηт J. Lionheart, [17.06.20 17:49]
The private sale price is 0.006, which is lower than the current price, and the minimum is 50K USD worth.
Vιηcεηт J. Lionheart, [17.06.20 17:49]
So you can collect some people and get some WGRT for your group
Vιηcεηт J. Lionheart, [17.06.20 17:49]
as it is a deflationary coin, its price is expected to rise all the time
Vιηcεηт J. Lionheart, [17.06.20 17:50]
Like I said, it is similar to MKR coin of MakerDao. And then MKR first came out, it was about 5 dollars, it is about 500 dollars.
Vιηcεηт J. Lionheart, [17.06.20 17:50]
More performance is expected from WGRT as a larger percentage is locked for the CDP in waykichain than ETH ecosystem
Vιηcεηт J. Lionheart, [17.06.20 17:51]
i think that is enough for this question
Thai Nhat Minh | Stably, [17.06.20 17:51]
[In reply to Vιηcεηт J. Lionheart]
3️⃣ The market today has a lot of development projects on the Blockchain platform. One of the factors that makes the platform appealing to many users is its special features. So, what are the outstanding features and advantages of #WGRT to attract users and investors? — from @MsKiwi206
Vιηcεηт J. Lionheart, [17.06.20 17:52]
WGRT is a part of the whole waykichain system. The system is resilient to any bad event, called black swan events.
Vιηcεηт J. Lionheart, [17.06.20 17:52]
It is run on the base layer of the waykichain mainnet, as opposed to the smart contracts of other defi systems.
Vιηcεηт J. Lionheart, [17.06.20 17:53]
For the investors, the price features are attractive, mainly because it is burned as CDPs close either due to success or due to liquidation
Vιηcεηт J. Lionheart, [17.06.20 17:53]
It does not matter for WGRT, it is burned either way :)
Vιηcεηт J. Lionheart, [17.06.20 17:53]
I know it sounds bad, but it is great for any investor
Vιηcεηт J. Lionheart, [17.06.20 17:54]
For the tech person, our base layer, core layer programming is resilient to any attacks.
Vιηcεηт J. Lionheart, [17.06.20 17:54]
It has a very good oracle system, and our nodes receive the median value over time.
Vιηcεηт J. Lionheart, [17.06.20 17:55]
So lets say someone attacked a node or found a way to exploit the prices, Then the other nodes will be involved in time, and any exploits will be thwarted.
Vιηcεηт J. Lionheart, [17.06.20 17:56]
Our decentralized oracle is similar to Chain Link, and it showed its resilience during the March defi attacks.
Vιηcεηт J. Lionheart, [17.06.20 17:56]
We had the exact same price lows for WICC as the ETH had, but while ETH and MKR went under, and had 4 million dollars exploited, waykichain was able to stand firm, and nothing happened to our defi
Vιηcεηт J. Lionheart, [17.06.20 17:57]
ETH Maker Dao had to sell 4 millions USD worth of MKR to cover the losses of investors, while we had no such problem.
Vιηcεηт J. Lionheart, [17.06.20 17:57]
WGRT stands still, firm, and strong.
Vιηcεηт J. Lionheart, [17.06.20 17:57]
thanks
Thai Nhat Minh | Stably, [17.06.20 17:57]
[In reply to Vιηcεηт J. Lionheart]
4️⃣ “BlockChain for Business” That we can see on their website. Is WaykiChain aimed only at companies? How can users like me contribute to the project? Does it have any benefits for small investors? — from @luckydraw66
Vιηcεηт J. Lionheart, [17.06.20 17:58]
Excellent question, but before I answer that, let me add this article again, it is related to safety and oracle, https://hackernoon.com/how-to-avoid-exploits-and-hacks-using-proper-decentralization-aq1t3dm9
Vιηcεηт J. Lionheart, [17.06.20 17:58]
“BlockChain for Business” means that we can help your business
Vιηcεηт J. Lionheart, [17.06.20 17:59]
waykichain works with people, for people
Vιηcεηт J. Lionheart, [17.06.20 17:59]
any business who wants to borrow a stable coin, because they dont want to spend their crypto can use our defi system
Vιηcεηт J. Lionheart, [17.06.20 17:59]
Lets say you have a small business and you have some bitcoin, eth, or WICC on hand
Vιηcεηт J. Lionheart, [17.06.20 18:00]
But you see their prices increasing every day.
Vιηcεηт J. Lionheart, [17.06.20 18:00]
Bitcoin recently went up to 9500 from 6500 and WICC went up to 0.22 USD from 0.17 USD
Vιηcεηт J. Lionheart, [17.06.20 18:01]
you can use our defi, use your loved crypto as collateral, get the stable coin, use it in your business, then bring it back, and get your favorite coin back
Vιηcεηт J. Lionheart, [17.06.20 18:01]
It is the same principle for small investors
Vιηcεηт J. Lionheart, [17.06.20 18:02]
Lets say you need money. You want to get married, you want to go to an expensive college, or you simply need money now because your car broke down
Vιηcεηт J. Lionheart, [17.06.20 18:02]
You can simply borrow from others, using waykichain’s decentralized system
Vιηcεηт J. Lionheart, [17.06.20 18:03]
and when you are done, when your car is fixed and you have money, or you are married and got the gold coins from the wedding, you can bring back the wusd, the stable coin, and get your collateral back. The price increased? No problem. You got your crypto back
Vιηcεηт J. Lionheart, [17.06.20 18:04]
Other than that, small investors find that crypto is the best way to increase their money.
Vιηcεηт J. Lionheart, [17.06.20 18:04]
WGRT is a great example for that. If you are a trader, you can see that WGRT has been doing excellent since this morning.
Vιηcεηт J. Lionheart, [17.06.20 18:04]
I am not a professional trader but even I increased my money by trading on Okex
Vιηcεηт J. Lionheart, [17.06.20 18:05]
If you would like to contribute to the project further, we have a global ambassador program. You can write to me or to lois, and we will help you with that.
Vιηcεηт J. Lionheart, [17.06.20 18:06]
we are always on the lookout for people who can do meetups and run communities and introduce waykichain to people, increasing the number of users
Vιηcεηт J. Lionheart, [17.06.20 18:06]
thanks
Thai Nhat Minh | Stably, [17.06.20 18:06]
[In reply to Vιηcεηт J. Lionheart]
Last question before we go to the next part
Thai Nhat Minh | Stably, [17.06.20 18:06]
[In reply to Vιηcεηт J. Lionheart]
5️⃣ China has banned ICO for 17 years. That’s why I have to get an investment and run it, but I think Waykichain is getting support from the Chinese government. What do you think is the key to that? — from @ahihi133
Vιηcεηт J. Lionheart, [17.06.20 18:07]
WaykiChain is based in Hong Kong, but it has great relations with the Chinese government. It is the only blockchain company that was invited to an economy conference ran by the Chinese government, years in a row
Vιηcεηт J. Lionheart, [17.06.20 18:08]
The key to getting along with governments is to be helpful to your country’s economy.
Vιηcεηт J. Lionheart, [17.06.20 18:09]
Lets say you are running a country, and a very successful company has been helping your people, and making money, and simply being helpful. Would you not like it? WOuld you not help it? Of course you would.
Vιηcεηт J. Lionheart, [17.06.20 18:09]
Chinese government is in fact even planning to bring blockchain for their military, and their central bank.
Vιηcεηт J. Lionheart, [17.06.20 18:10]
So, they dont mind the benefits of blockchain, and they certainly dont mind very good companies making money and paying taxes.
Vιηcεηт J. Lionheart, [17.06.20 18:11]
Politicians are usually impressed by apolitical people and companies which simply works like cogs, and waykchain has been helpful to the whole world, not just China
Vιηcεηт J. Lionheart, [17.06.20 18:11]
I am in Europe, and I am impressed by how hard working waykichain is, and how innovative and on the edge this company has been
Vιηcεηт J. Lionheart, [17.06.20 18:11]
I met them in 2019, and they started their DeFi ecosystem during our meetup.
Vιηcεηт J. Lionheart, [17.06.20 18:12]
Back in 2019, many people did not even heard about defi, while waykichain already switched their focus to decentralized finance.
Vιηcεηт J. Lionheart, [17.06.20 18:12]
This is simply seeing the future, getting ahead of the curve
Vιηcεηт J. Lionheart, [17.06.20 18:13]
wayki is using delegated proof of stake, which is the most scalable solution, and they have defi on their base layer, on their mainnet!
Vιηcεηт J. Lionheart, [17.06.20 18:13]
they did not have to go dig around smart contracts for defi, which simply shows vision
Vιηcεηт J. Lionheart, [17.06.20 18:13]
thank you
Thai Nhat Minh | Stably, [17.06.20 18:14]
[In reply to Vιηcεηт J. Lionheart]
Thank you Mr. Vincent. We have passed through all warm-up questions. Are you ready to begin even more challenging part — live questions from community?
Vιηcεηт J. Lionheart, [17.06.20 18:14]
[In reply to Thai Nhat Minh | Stably]
let me make a suggestion
Vιηcεηт J. Lionheart, [17.06.20 18:14]
lets open the group up for some minutes, lets say 3
Vιηcεηт J. Lionheart, [17.06.20 18:15]
everyone ask their questions, and i will select 5 questions to answer
Thai Nhat Minh | Stably, [17.06.20 18:15]
[In reply to Vιηcεηт J. Lionheart]
Yep, only limited time.
Vιηcεηт J. Lionheart, [17.06.20 18:15]
very good, go ahead and open it up
Thai Nhat Minh | Stably, [17.06.20 18:16]
[In reply to Vιηcεηт J. Lionheart]
Great. Before opening the chat, I would like to remind some rules:
Open questions:
- Within 1–2 minutes we will open the chat for community to give questions as many as you wish. Please choose your questions carefully. Copied questions from other AMAs or other people are not allowed.
- Then we will mute the chat, so that our guests can choose any appropriate questions to answer.
Thai Nhat Minh | Stably, [17.06.20 18:16]
Alright. I believe everyone now can’t wait no longer. The chat will open in 5 secs!
Thai Nhat Minh | Stably, [17.06.20 18:16]
4
Thai Nhat Minh | Stably, [17.06.20 18:16]
3
Thai Nhat Minh | Stably, [17.06.20 18:16]
2
Thai Nhat Minh | Stably, [17.06.20 18:16]
1
Dr Monica, [17.06.20 18:16]
I see that Waykichain platform really working very great & launched many products which allow users to use multiple features & other services on 1 platform !
But, What’s Next ? which major events & announcements we can expect from waykichain for its users?
Cao Quyen, [17.06.20 18:16]
What are the benefits of holding $WGRT in long-term?
AngeI, [17.06.20 18:16]
What is the current status of Waykichain roadmap?
What is the biggest strength and greatest achivent of Waykichain has achieved so far and what is your next developmental plans?
PHAM TAN, [17.06.20 18:16]
What are the reasons that will convince investors to hold WGRT coins in the long term? What are the next big plans for WaykiChain after IEO on Okex?
AngeI, [17.06.20 18:16]
What are the advantages of waykichain stable coin?
What is the relation between WGRT and stable coin WUSD?
Quyen Tran, [17.06.20 18:16]
Q. Why is WGRT the core of DeFi and does it maintain the stability of waykichain’s DeFi system?
Quyen Tran, [17.06.20 18:16]
How does WaykiChain understand the development of public chains? What is WaykiChain-oriented development based on these insights?
Quyen Tran, [17.06.20 18:16]
Q. Why does WGRT use the DPoS + pBFT consensus mechanism? What is the difference advantage between mainstream publicity chains?
Elisa, [17.06.20 18:16]
DeFi & DApps What are the best use cases for Blockchain? How does Waykichain work with DeFi?
Lam Marcus, [17.06.20 18:16]
⛓How will $WRGT solve the backlog problems of #WICC, #WUSD? What benefits do community users have from it? How can waykichain resist hacking the DeFi? How much do I have to borrow on a waykichain system?
Quốc Nguyên, [17.06.20 18:16]
Why did the WaykiChain team choose the Vietnamese community as the VBC group to organize this AMA ? How does the WaykiChain team assess the Vietnam crypto market at the moment ?
imearth, [17.06.20 18:16]
What is the need and use of WUSD, a stablecoinon on the core layer of the WaykiChain public chain and how will this be used in DeFi?
Kudo Shinichi, [17.06.20 18:16]
How many partners currently have trusted waykichain and what benefits do these partners bring to waykichain network ? @Vincent_Lionheart
Bach Tuyet, [17.06.20 18:16]
A project that wants to travel long distances needs a specific and long-term plan. WaykiChain share with us your strategy and vision to 2022?
Thai Nhat Minh | Stably, [17.06.20 18:16]
GOOOOOOOOO
Nguyên Khang Ocean, [17.06.20 18:16]
Do you know why users should trust Waykichain’s business model instead of traditional betting platforms? @Vincent_Lionheart
Mít Tơ Trader, [17.06.20 18:16]
i’m a newbie in crypto and blockchain so how will Waykichain team target and educate people who don’t know about blockchain and crypto?
@Bitcollarmax Tay, [17.06.20 18:16]
Can you please tell us a bit about your background and where the idea for the WaykiChain came from?
Minh Quan, [17.06.20 18:16]
Defi seems to be a useful case and concept right now. Many and many finance-related blockchain projects are built with Defi inside. Can you share your opinions on DeFi with us? So is the WaykiChain a platform to support DeFi?
David Prince, [17.06.20 18:16]
How did WAYKICHAIN survive in during long bear market? what your team strategy to gain more adoption? Can you share us on recent achievement your team are most of?
Cao Quyen, [17.06.20 18:16]
Do you plan to increase the value of $ WGRT token?
So Lucky, [17.06.20 18:16]
Can you tell me why i have hold your coin for long term? Do you think your coin available for holding ?
imearth, [17.06.20 18:16]
What security measures have WaykiChain enabled to prevent theft of collateral from hackers?
Bach Tuyet, [17.06.20 18:16]
Many blockchain projects are on paper only and no product or product has no practical meaning. Please let us know what is WaykiChain’s currently practical product in use? What are your plans for the product to be better in the future?
Elisa, [17.06.20 18:16]
Fast transaction speed and high security are indispensable for Waykichain. How does Waykichain keep these elements stable all the time?
PHAM TAN, [17.06.20 18:16]
What is the core technology that WaykiChain is using? Could you tell me what is WaykiChain’s achievements and your plan to achieve ADOPTION in reality, real use cases?
David Prince, [17.06.20 18:16]
How does WAYKICHAIN evaluate the importance of the user community? In the near future, does WAYKICHAIN have any special plans to attract and expand the community?
Mít Tơ Trader, [17.06.20 18:16]
From a startup project to a mainstream project, being a pioneer in the industry, do you anticipate that many new startups will show up and compete?
Bach Tuyet, [17.06.20 18:16]
There are many issues of concern for a development project such as the core product, the value of the token, the community, the partner … WaykiChain is currently focusing on which issue is most developed and why?.
Quyen Tran, [17.06.20 18:16]
Q, What do you think is the main reason for making WaykiChain stand out?
Elisa, [17.06.20 18:16]
Can you share with us the main uses of a WGRT token?
@Bitcollarmax Tay, [17.06.20 18:16]
What is so special about WaykiChain compared to other projects? Can you give some reasons to convince users to choose WaykiChain
Quyen Tran, [17.06.20 18:16]
Q. What is the relationship between WGRT coin management and the stablecoin system? What is the relationship between WGRT and WUSD?
Dr Monica, [17.06.20 18:16]
I see that Waykichain platform really working very great & launched many products which allow users to use multiple features & other services on 1 platform !
But, What’s Next ? which major events & announcements we can expect from waykichain for its users?
Bach Tuyet, [17.06.20 18:16]
Why is WaykiChain IEO WGRT token on OKex Jumpstart? What do you think of the major exchanges like Binance, Huobi …?
So Lucky, [17.06.20 18:16]
Can we use your coin for real life or not ? If yes, where can we use it?
Nguyên Khang Ocean, [17.06.20 18:16]
1. What is the special business model of the Waykichain project to attract investors and increase the value of the token WICC?
2. Has the outbreak of the Covid 19 outbreak as in the past have any effect on the development plan of the Waykichain project? @Vincent_Lionheart
Elisa, [17.06.20 18:17]
Do you have mechanisms such as redemption and burning to adjust demand and provide $WGRT, to increase its intrinsic monetary value?
Mít Tơ Trader, [17.06.20 18:17]
Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the Waykichain team plans to implement policies and incentives for your ambassadors?
Cao Quyen, [17.06.20 18:17]
DeFi and Dapps are 2 pillars primed to rule 2020 in crypto space, what’s your approach to DeFi and Dapps. What roles do you play in innovativeness of DeFi
Bach Tuyet, [17.06.20 18:17]
Why does WaykiChain be divided into 3 types of tokens: WICC, WUSD and WGRT? As an investor I can and should own any kind of token?
@Bitcollarmax Tay, [17.06.20 18:17]
What is your projects main target of WaykiChain in this year 2020?and what your VISION and MISSION ?
ahihi132 🔯, [17.06.20 18:17]
7 What is the use case of WGRT token ? Why should i hold WGRT token but not other token ?
Dayuna Putu, [17.06.20 18:17]
1. What was your motivation for starting this project? and what is your vision for $WaykiChain?
2. Why did you create $WaykiChain what are the roles play and what are the benefits ?
AngeI, [17.06.20 18:17]
What is the current status of Waykichain roadmap?
What is the biggest strength and greatest achivent of Waykichain has achieved so far and what is your next developmental plans?
Minh Quan, [17.06.20 18:17]
WaykiChain is a platform for Dapp development, so what are the advantages of WaykiChain compared to other platforms like Ethereum, Tron …? What are the achievements of WaykiChain in the Dapp market?
Bach Tuyet, [17.06.20 18:17]
What are the ways investors can own and earn WICC at the moment? Does WaykiChain stacking or mining WICC? What is the main reason we should own and hold WICC in the long run?
So Lucky, [17.06.20 18:17]
Do you have any plan for burning your token in the future?
Elisa, [17.06.20 18:17]
Does Waykichain have plans to release wallets on smartphones to store money?
Kudo Shinichi, [17.06.20 18:17]
Does the waykichain’s team see Ethereum PoS as a competitive platform? What is the competitive strategy of the waykichain project after the transition to PoS Ethereum?
Bach Tuyet, [17.06.20 18:17]
What industries does WaykiChain affect? How are WaykiChain generating revenue and profits from sustainable projects?
Mít Tơ Trader, [17.06.20 18:17]
When WGRT list on Binance?
PHAM TAN, [17.06.20 18:17]
WaykiChain built 3 tokens model: WICC — mainnet token, WUSD — stablecoin and WGRT — governance coin. So what are the functions and usecases of each token?
Cao Quyen, [17.06.20 18:17]
What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
AngeI, [17.06.20 18:17]
What are the advantages of waykichain stable coin?
What is the relation between WGRT and stable coin WUSD?
Bach Tuyet, [17.06.20 18:17]
What are the ways investors can own and earn WICC at the moment? Does WaykiChain stacking or mining WICC? What is the main reason we should own and hold WICC in the long run?
Bach Tuyet, [17.06.20 18:17]
What industries does WaykiChain affect? How are WaykiChain generating revenue and profits from sustainable projects?
@Bitcollarmax Tay, [17.06.20 18:17]
1.How many technical advantages for WaykiChain compared to similar previous projects developed earlier?
2.What are the application scenarios of WaykiChain?
Minh Quan, [17.06.20 18:17]
Currently, users can trade WGRT tokens on WaykiChain’s DEX platform, so does it affect users’ decision to join IEO? Why should I buy WGRT via IEO instead of DEX?
Dayuna Putu, [17.06.20 18:17]
1. What was your motivation for starting this project? and what is your vision for $WaykiChain?
2. Why did you create $WaykiChain what are the roles play and what are the benefits ?
Bach Tuyet, [17.06.20 18:17]
Many blockchain projects are on paper only and no product or product has no practical meaning. Please let us know what is WaykiChain’s currently practical product in use? What are your plans for the product to be better in the future?
Duong, [17.06.20 18:17]
1.What’s the development progress of WaykiChain?
2.Does WaykiChain have any plan launch their own mainnet?
Bach Tuyet, [17.06.20 18:17]
A project that wants to travel long distances needs a specific and long-term plan. WaykiChain share with us your strategy and vision to 2022?
Mít Tơ Trader, [17.06.20 18:17]
We all talk about Positive points/Pros/Good Points & Features of any Project, no one Project tell about there Cons. So can you tell us Honestly the Cons & Lacks of WGRT?
David Prince, [17.06.20 18:18]
Can you please highlight more on the decentralization aspect using your technology. Also in the future, is it possible to quantify the level of decentralization and economic incentivization?
Kudo Shinichi, [17.06.20 18:18]
Have You considered the introducion of something like FEE burn / $wicc burn to decrease $wicc amount in time? @Vincent_Lionheart
PHAM TAN, [17.06.20 18:18]
What is the core technology that WaykiChain is using? Could you tell me what is WaykiChain’s achievements and your plan to achieve ADOPTION in reality, real use cases?
Bach Tuyet, [17.06.20 18:18]
What industries does WaykiChain affect? How are WaykiChain generating revenue and profits from sustainable projects?
Duong, [17.06.20 18:18]
How many technical advantages for WaykiChain compared to similar previous projects developed earlier?
Mít Tơ Trader, [17.06.20 18:18]
As an investor, why should we invest in the WGRT project as a long-term investment?
Bach Tuyet, [17.06.20 18:18]
What are the ways investors can own and earn WICC at the moment? Does WaykiChain stacking or mining WICC? What is the main reason we should own and hold WICC in the long run?
Cao Quyen, [17.06.20 18:18]
Do you plan IEO $WICC or $WUSD?
David Prince, [17.06.20 18:18]
Trust is the most important thing in crypto. Why people should feel safe with WAYKICHAIN?
Bach Tuyet, [17.06.20 18:18]
Why does WaykiChain be divided into 3 types of tokens: WICC, WUSD and WGRT? As an investor I can and should own any kind of token?
Dayuna Putu, [17.06.20 18:18]
1. What was your motivation for starting this project? and what is your vision for $WaykiChain?
2. Why did you create $WaykiChain what are the roles play and what are the benefits ?
🚀🚀
Minh Quan, [17.06.20 18:18]
What do you think about the role of WaykiChain under the risk of an economic crisis and the influence of Covid-19 pandemic as now? What are your opportunities and challenges in this context?
Duong, [17.06.20 18:18]
.What are your plans for the development of the project?
Why should people invest in WaykiChain?
Bach Tuyet, [17.06.20 18:18]
There are many issues of concern for a development project such as the core product, the value of the token, the community, the partner … WaykiChain is currently focusing on which issue is most developed and why?
Bach Tuyet, [17.06.20 18:19]
What industries does WaykiChain affect? How are WaykiChain generating revenue and profits from sustainable projects?
Mít Tơ Trader, [17.06.20 18:19]
Now, defi is one of the hottest topic in the blockchain space. Can you explain What are the Importance of a Oracles in the DeFi Ecosystem?
Thai Nhat Minh | Stably, [17.06.20 18:19]
HURRY UP! CHAT WILL CLOSE IN 3 SECS!!!
Dayuna Putu, [17.06.20 18:19]
What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?
Thai Nhat Minh | Stably, [17.06.20 18:19]
2
Thai Nhat Minh | Stably, [17.06.20 18:19]
1
AngeI, [17.06.20 18:19]
What is the current status of Waykichain roadmap?
What is the biggest strength and greatest achivent of Waykichain has achieved so far and what is your next developmental plans?
van, [17.06.20 18:19]
The financial markets, cryptos market … all fell due to the covid-19 epidemic. Does this affect your project development plan?
Thai Nhat Minh | Stably, [17.06.20 18:19]
CHAT MUTING NOW!
PHAM TAN, [17.06.20 18:19]
What are the reasons that will convince investors to hold WGRT coins in the long term? What are the next big plans for WaykiChain after IEO on Okex?
Dr Monica, [17.06.20 18:19]
I see that Waykichain platform really working very great & launched many products which allow users to use multiple features & other services on 1 platform !
But, What’s Next ? which major events & announcements we can expect from waykichain for its users?
Bach Tuyet, [17.06.20 18:19]
Why is WaykiChain IEO WGRT token on OKex Jumpstart? What do you think of the major exchanges like Binance, Huobi …?
van, [17.06.20 18:19]
The crypto market has a lot of fiercely competitive. What strategies do you have to attract users, and keep them stay with your platform for longterm?
Thai Nhat Minh | Stably, [17.06.20 18:19]
Phew! Such a huge wave of questions. Let’s choose any appropriate questions one by one to answer. Remember using “Reply” function so that the audience can easily follow the flow of our AMA.
Now the show is yours. I am here only for supporting. @Vincent_Lionheart
Vιηcεηт J. Lionheart, [17.06.20 18:20]
[In reply to Thai Nhat Minh | Stably]
Thank you, yes I am very pleased that people are interested in waykichain, so many questions!
I wish I had time to answer them all.
Vιηcεηт J. Lionheart, [17.06.20 18:21]
I will look over and answer interesting ones, especially those related to defi
Vιηcεηт J. Lionheart, [17.06.20 18:28]
[In reply to Dr Monica]
This question is related to our vision, which includes defi. It is an interesting question to me because i wrote an article about this. You can see all waykichain related articles here https://medium.com/waykichain and I tried to outline it here https://medium.com/waykichain/defi-what-the-future-holds-for-waykichain-com-1fca12b33a40 But now we have very exciting news. This July, we are coming up with a product similar to synth, called WICCX. You will be able to use BTC and ETH as collateral, and later, use things such as gold and other commodities to borrow money. Later on, we are expecting people to be able to use real estate and other assets. We will have the cross chain solution running next month, and we will go from there. I am expecting a credit based borrowing sytem, but it is still very far away. We are also carrying all the banking services to blockchain. For example, you will be able to purchase treasury bonds and gain interest. You will be able to get futures products in a decentralized manner, without going through exchanges and KYC etc. Reputation based credit is very hard, like I said, but I believe waykichain has the tech power to carry it out. We can go to microcredits, and other fields as well. Waykitimes will be the bank on your pocket!
Vιηcεηт J. Lionheart, [17.06.20 18:29]
lets read the other questions while you read my answer
Vιηcεηт J. Lionheart, [17.06.20 18:31]
[In reply to David Prince]
Yes, very good question. Trust is very important, and you can see our code on github, check out our explorer on waykiscan.com, and simply see about 100 people working in a safe office in Hong Kong. Here is the team link, and you can see me towards the bottom, the good looking fella :) https://www.waykichain.com/aboutUs.html
Vιηcεηт J. Lionheart, [17.06.20 18:32]
Waykichain has been running since 2017 and we have a 30 million dollar marketcap.
Vιηcεηт J. Lionheart, [17.06.20 18:32]
We have around 3 million USD volume every 24 hours just for WICC
Vιηcεηт J. Lionheart, [17.06.20 18:32]
The company is one of the most famous in Hong Kong and China
Vιηcεηт J. Lionheart, [17.06.20 18:33]
Everything we do is transparent, and it is a legal company in Hong Kong, everything can be looked legally.
Vιηcεηт J. Lionheart, [17.06.20 18:34]
We cannot reveal too many future plans, because we dont want to be accused of price manipulations, we have competitors so we dont really want to give away our plans, and sometimes plans change, so we dont want to reveal something only to have it change later.
Vιηcεηт J. Lionheart, [17.06.20 18:36]
Trust is a fickle issue, and anything done even once, will have a company lose its profits. Check out bitcoin, it has been running since 2009 with no problems. People trust the bitcoin chain. Waykichain has been running since 2017, first at ETH, now with its mainnet. No problems. You can definitely trust waykichain, all the way!
Vιηcεηт J. Lionheart, [17.06.20 18:39]
[In reply to PHAM TAN]
The technology waykichain is using is based on the C++ programming written and running the blockhain, using delegated proof of stake algorithm. Waykichain ATH is 2.85 USD and even in the worst times, its WICC coin priced did not go under 9 cents. It is now around 22 cents, and I am holding my coins, because I believe it will go higher. THe tech is scalable and has a TPS of 3200 which is one of the fastest among the main chains.
Vιηcεηт J. Lionheart, [17.06.20 18:40]
we have a real large community, millions of people, and many real users. The number of users increased a lot during the 2018 world soccer championships and we are now expanding our user base in the west.
Vιηcεηт J. Lionheart, [17.06.20 18:41]
WICC and WUSD is used in many dAPP games, and people spend them, and we have a deal with avionejet.com now anyone holding WUSD or WICC is able to rent a private jet, helicopter, and organize any kind of tourism activity including health-related air rentals anywhere in the world with waykichain coins. The company does not accept any other cryptocurrency and I made the deal with a cold call and followup calls.
Vιηcεηт J. Lionheart, [17.06.20 18:41]
Waykichain company has a stable coin called WUSD, but it is more than a stable coin, it is a decentralized bank and it is a part of the waykichain Decentralized Finance (DeFi). A stable coin can be used for payment, but it can also be used for borrowing and lending, leverage, and margin.
Vιηcεηт J. Lionheart, [17.06.20 18:42]
WUSD is a great success because it has really been stable, always being equal to 1 USD even in the days of bad price fluctuations.
Vιηcεηт J. Lionheart, [17.06.20 18:42]
waykichain has a black swan reserve, so even if aliens come to earth, our defi system with our cdp will stand solid
Vιηcεηт J. Lionheart, [17.06.20 18:43]
we plan to have more adoption in the real world, in the finance sector
Vιηcεηт J. Lionheart, [17.06.20 18:43]
as i said earlier, you will be able to do any thing that a bank does, simply by installing waykitimes on your phone, or waykimax on your pc.
Vιηcεηт J. Lionheart, [17.06.20 18:44]
I am an older guy, so I like my PC :)
Vιηcεηт J. Lionheart, [17.06.20 18:46]
[In reply to Minh Quan]
Thanks for the question. I was actually thinking about the same thing. use the decentralized exchange to purchase wgrt but then I realized that the price in the decentralized exchange was a lot higher then I went to join the IEO and I was able to purchase wgrt for a cheaper price now it has an increased price but it has not caught up with The decentralized Exchange price
Vιηcεηт J. Lionheart, [17.06.20 18:48]
I tried typing this by talking, but i think i will get back to typing on my PC :)
Thai Nhat Minh | Stably, [17.06.20 18:48]
[In reply to Vιηcεηт J. Lionheart]
😂
Thai Nhat Minh | Stably, [17.06.20 18:48]
At least the technology can reach that good level
Vιηcεηт J. Lionheart, [17.06.20 18:49]
IEO price is cheaper, and you cannot do arbitrage now, but as soon as Okex opens up withdrawal for WGRT, the prices will get down to the exchange price.
Vιηcεηт J. Lionheart, [17.06.20 18:51]
However, if you still want to purchase WGRT cheaper, you can PM me and I will help you with our private sale. It has the price of 0.006, which is cheaper than the market price, and has a 50K limit. We used to have a private placement program with a one million dollar minumum, but now you can see this limit is way lower than that. So, with almost a guarantee that you will make money, you can combine your money with your friends, and purchase a whole sale version of WGRT instead of the usual retail from Okex.
Vιηcεηт J. Lionheart, [17.06.20 18:52]
This was the 4th answer. one more question to go.
Thai Nhat Minh | Stably, [17.06.20 18:52]
[In reply to Vιηcεηт J. Lionheart]
And, the final is…
Thai Nhat Minh | Stably, [17.06.20 18:52]
[ 💫 Sticker ]
Vιηcεηт J. Lionheart, [17.06.20 18:56]
[In reply to Nguyên Khang Ocean]
I believe I talked about attracting investors and increasing the value earlier. To sum up, we have the very solid 3 coin model, it is resilient to all events. Covid can be considered a black swan event, and when the March 12 price fluctuations happened, the stock market nose dived, defi systems went under, ETH price dipped, and exploits stole 4 million dollars from the ETH ecossystem, waykichain stood high, and was strong enough to withstand anything. We were able to get past the covid trouble, and everyone worked from home. For a while now, waykichain offices are open, and you can see those in the videos. Check out our youtube channel.
Vιηcεηт J. Lionheart, [17.06.20 18:57]
People are now able to use their WICC to borrow WUSD, and keep their WICC for bullish times. This helps when the bear market is weighing down all the altcoins, and when people do not want to spend their precious WICC coins for FIAT. Instead, now they can use WUSD in their business or simply spend it. When they return the money, they get their WICC back, which is expected to increase in price. This can be done when the market turned bullish, even making a profit for the people borrowing. Other than that, it can be used for margin in exchanges, and this borrowing mechanism lets people borrow against their collateral, though this is a little different aspect than the DeFi concept known in the ETH chain.
The coronavirus created a low-interest situation because people no longer want to borrow any money. Many businesses are going under, due to everyone staying at home, and nobody borrowing means nobody gaining interest and the banks loaning small amounts only. This is where digital currencies and DeFi shines because you can simply borrow and lend to anyone in the World, you are not simply stuck in your region.
Vιηcεηт J. Lionheart, [17.06.20 18:57]
People in the ETH ecosystem are mainly interested in lending money to gain interest and WaykiChain will soon give people that capacity. These days banks are paying zero interest to lenders, so even paying a small percentage of interest to lenders could be interesting. A very good example of this is Japan, which has been paying negative interest to people for a long time, to stimulate spending and inflation. People are very savings oriented, which makes it hard for any business to create profit. This negative interest pressure by the government directed people to use cash. Because it is hard to keep large amounts of cash at home, many have directed their savings toward digital currencies. This is where WaykiChain DeFi comes in handy. People in Europe or Japan or any region where there are low-interest rates can lend money to others using WaykiChain decentralized CDP system. You can lend or borrow using waykitimes, a small footprint app, and get over any national interest trap. Anyone can even use arbitrage, and borrow from a low-interest bank, country, or region, and lend to others using the waykichain system. The opposite is true also, you can simply borrow from waykichain, and lend the money to high-interest banks, countries, or regions.
Vιηcεηт J. Lionheart, [17.06.20 18:58]
I think corona virus changed a lot of things, and people turn into networking and internet more
Vιηcεηт J. Lionheart, [17.06.20 18:59]
I have not been in my banks office for a long time and many people are in the same situation
Vιηcεηт J. Lionheart, [17.06.20 18:59]
we also have insurance system for CDP, and here is an infographic
Vιηcεηт J. Lionheart, [17.06.20 18:59]
[ Photo ]
Vιηcεηт J. Lionheart, [17.06.20 19:00]
I believe that is enough for coronavirus and its effects on blockchain, which was the final question to be answered by me.
Vιηcεηт J. Lionheart, [17.06.20 19:00]
it has been two hours, thank you everyone
Thai Nhat Minh | Stably, [17.06.20 19:01]
[In reply to Vιηcεηт J. Lionheart]
So sorry but our AMA with WaykiChain has to end here, though many questions are still not answered. Once again, we as Vietnam Blockchain Community would like to say thanks to Mr. Vincent — Global Partner of the project @Vincent_Lionheart as well as WaykiChain team in general for spending your time for Vietnam Blockchain Community
Anyone who got any question later, you can contact directly to them via their social contact.
Website: https://www.waykichain.com/
Telegram: @wiccofficial
Thai Nhat Minh | Stably, [17.06.20 19:01]
CHAT UNMUTING NOW!
Vιηcεηт J. Lionheart, [17.06.20 19:01]
Website: https://waykichain.com/
App: https://wicc.me/turkey
Vιηcεηт J. Lionheart, [17.06.20 19:02]
https://t.me/wiccofficial
ahihi132 🔯, [17.06.20 19:02]
Moon soon
Thai Nhat Minh | Stably, [17.06.20 19:02]
[In reply to Vιηcεηт J. Lionheart]
[ ❤️ Sticker ]
ahihi132 🔯, [17.06.20 19:02]
[ 👍 Sticker ]
Thai Nhat Minh | Stably, [17.06.20 19:03]
[ 😜 Sticker ]
Kyle Nguyen @VBC.group, [17.06.20 19:03]
[In reply to ahihi132 🔯]
trúng quà ko
David Prince, [17.06.20 19:03]
moon soon
Kudo Shinichi, [17.06.20 19:03]
[ 🙏 Sticker ]
ahihi132 🔯, [17.06.20 19:03]
[In reply to Kyle Nguyen @VBC.group]
[ 🥜 Sticker ]
David Prince, [17.06.20 19:03]
thank for nice ama
Cao Quyen, [17.06.20 19:03]
Thanks AMA
ahihi132 🔯, [17.06.20 19:03]
Nice ama
ahihi132 🔯, [17.06.20 19:03]
WICC & WGRT moon
Thai Nhat Minh | Stably, [17.06.20 19:04]
[In reply to ahihi132 🔯]
WUSD moon
