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Wolfonaire Chatbox : AMA With ROSEON FINACE (9th May, 2021)

Hello! Wolfonaire Family & Crypto Enthusiasts

We recently hosted an AMA With Roseon on 9th May, 2021 at 2.00 PM UTC. This session was phenomenal. If you have missed then here is the precious AMA transcript, for those who missed the live session this will enlighten you for sure…

Guest Speaker :

Ms. Lynn Nguyen | BDM, ROSEON FINANCE

(Note: This is the transcription of the event. Please note that the transcript was edited for comprehensibility and coherency, while the content was not changed.)

INTRODUCTION

Lynn : lets start with our core team -

Allan Ta- our CEO — he’s older than your typical Crypto guy, with 6+ years in blockchain. 10+ years in tech
Trang — our CTO — she was Allan’s CTO in his last venture, 6+ years in blockchain
Pedro — Quant guy, 7+ years in trading, bot writing, quantitative research
CFO — TBD soon, 20+ years working for major banks, former CEO and will manage our funds.

And about Roseon

Roseon in one sentence is a Mobile Multichain Yield Aggregator. Roseon Finance aims in the medium to long term future to bridge decentralized finance (DeFi) and centralized swap services (CeFi), also known asl “CeDeFi”. Acting as a gateway to DeFi, Roseon Mobile, the multi-chain yield aggregator app that integrates with various centralized and decentralised services. Currently available in IOS and Android, Roseon Mobile was built to help bring new users to crypto and DeFi with its customer-centric design. As the industry continues on its high growth trajectory with new and faster protocols, Roseon Mobile has chosen to prioritize user experience and ease of access.

That’s basically what you need to know about us.

Wolf : Appreciate That 👏…Awesome 👌🆒️🙌… For our members who are not already familiar with the project, can you give us a very high-level overview of what Roseon is and what competitive edge it brings to the Crypto Universe?

Lynn : Roseon Finance is a hybrid solution that bridges decentralized (DeFi) and centralized financial services (CeFi). Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app, currently available in Android (iOS coming soon), that was built to help onboard new users to DeFi with its customer-centric design. As the industry continues on its high growth trajectory, developing new and faster protocols, Roseon Finance has chosen to take a different approach, to prioritize the user experience and enterprise adoption.

Our competitive advantages:

We have an experience team who have been doing business in this region for many years, with proven track proven track record

We have a working product, a DeFi, CeFi, NFT all in one app.
Strong VC backers to help us bring on a network of communities, future customers and partners

The first hybrid mobile CeDeFi application

We have a young and thriving community and we haven’t even started yet.

Wolf : Amazing 👏… How do holders of the #Roseon Token benefit in the ecosystem? What power within your model do individuals hold? Why is it so attractive and what are the basic requirements to participate?

Lynn : good question… The Roseon Token (“ROSN”) is the utility token of the Roseon ecosystem that allows users who have registered an account with Roseon to participate in loyalty and rewards programs.

The token offers three main types of benefits:
1. Access to all of the ecosystem services;
2. Discounts on the Roseon platform fees;
3. Tiered loyalty rewards.

We offer High Yield, Fixed Rate Staking with Zero Fees
Our algorithm leverages our CeFi lending network and DeFi yield farming services to optimize profits. This is how Roseon Finance guarantees a fixed rate of return. This is a core feature of us.

Mobile Yield Farming
Don’t risk your funds by staking them in smart contracts, or sending them to the wrong wallet address.DeFi and yield farming can be dangerous, let us manage those risks, and farm for you with our algorithmic farming system.

NFT Gallery
You can store, view your crypto art and collectibles, make a bid or sell them on the NFT marketplace.

Index Funds or Portfolio Manager
Passive investments are becoming popular, especially for the new or “everyday investors”. With our simple, all-in-one Roseon Crypto Index Fund that we recommend (you can modify it if you like) , you just have to invest and we will handle the research and rebalancing for you.
Our Fund managers, one of them was a buy-side equity research analyst with an MBA from New York University and specializes in financial instruments.

Lastly, Since we leverage CeFi services, we don’t have to worry about high gas fees and impermanent loss.

Due to some regulations, If you’re non-us and non-china, you’re welcome to be in our app. You will need an email, phone number, and a photo of yourself holding your passport with the first page visible (the one with your photo).

Wolf : Outstanding 👏… Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?

Lynn : Yes, we have planned this project for almost 10 months now and everything so far has gone according to the plan, and our priority is to continue fulfilling our roadmap as promised.

Of course there are many difficulties during this critical time of our project but we all are well-prepared for it as experienced warriors. Every team member has been putting their 110% effort to make this work and we’re very lucky to have such a loyal community who understands and supports us at their best ability. The big day is coming real close and we’re nervous yet excited to see how it goes on. Stay tuned with us.

Wolf : Can you please give us a short tutorial on how even a nontech guy can easily use and enjoy your platform?

Lynn : We are a centralized app. Not only do we appeal to professional users but also newbies. Now we support BTC and ERC-20 tokens (ETH, USDT, USDC and GENE). We haven’t built our own blockchain yet. So what we focus on is users who want to make money from DeFi and those who are new to crypto.

Take a look at this video and you’ll see how easy to use our app is.

Now Group Question & Answer Session Began

Q1. In decentralization, We all know that speed is needed, as is the current problem faced by the expensive Eth Gas Fee and the slowing of the transaction process. what are your plans to deal with this problem on ROSN ?

Lynn : We are multichain platform. We are going to support as many chains as possible. Beside ETH, we also support BSC and we’ve partnered with Tomochain and Kardiachain. That should resolve the annoying fee problem.
And in near future, we may think of having our own chain which reduces hopefully more fee. We hope to add that to our Roadmap soon.

Q2. NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap? create values, not create TREND !

Lynn : NFT is the ability to tokenize art, collectibles and digital media.
NFTs are cool, they make crypto fun, and can be expensive investments. It solves the biggest problem today, authenticity.

Imagine…

We can bring any NFT marketplace into our Gallery where we can highlight any artist’s collection and we can create, buy and sell on any marketplace. But the two key features that I am most excited about are:

NFT moments: Just imagine meeting a famous DJ at the music festival. Why not capture that NFT moment, take a picture or video with the DJ and list it on Opensea for bidding.

Gifting: Sending your loved one a birthday gift with an NFT, along with some ROSN tokens to go shopping with.

we follow the trend to create more value and will fulfill our roadmap as promised.

Q3. Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?

Lynn : We hit our first milestone by soft-launching, now we need to follow the roadmap and acquire users. The Defi landscape is very competitive, there are hundreds of new projects born everyday. But we believe we have something different, we are targeting the new users, women and of course the non custodial audience. We believe they want high yield but afraid or don’t know how to even set up Metamask
And what gets us really overwhelmed is we’ve just finished our fundraising at 2.1M, which we could never ever imagine. Thank you so much for your support and we’re glad to inform we’re doing duo IDO on May 10th on both BSCpad and Yellow Road.

Our key near term milestones are as follows:

- Obtain Crypto License
- Official app launch (Mid June)
- Integration with various chains
- Provide users with numerous farming and staking options (yield aggregation)
- Grow and extend the ecosystem
- Partnerships with partners where synergies exist

More importantly, the bigger the community, the higher success. We are in talks with you guys on a post IDO partnership, yes, a long term partnership.

Q4. Why DeFi and CeFi technologies is this function to minimize risks that benefits us as a user?Why DeFi and CeFi technologies is this function to minimize risks that benefits us as a user?

Lynn : Decentralized finance eliminates the necessity of third-parties agents and their intermediate costs and this allows DeFi users to garner better rewards than otherwise.

However, there are huge barriers to entry that dissuade crypto novices as the learning curve is extremely steep due to the complexity of the instruments and speed of market evolution that creates a barrier limiting the entry of many new retail users.

Centralized applications are user friendly but require compliance and trust.

We believe DeFi will not completely replace Centralized Finance, and that it is more likely that CeFi/DeFi hybrids will co-exist, with CeFi institutions likely to pick and choose which DeFi products they like and eventually integrate them into their more user-friendly platforms.

This is why Roseon is a hybrid model, we want to take the best of both worlds into a mobile interface.

Q5. Lately most projects on the Crytocurrency space are characterized by serious security issues. What steps have taken to ensure that security is not an issue here?

Lynn : We are working with Verichains, a top security firm in Vietnam to audit our multisig wallet process and smart contract codes.
We use multisig, and good key management practices along with strong access control to all servers. We only allow access through a vpn and limit access to the minimum number of staff.
So our key management servers are not accessible from the rest of the internet, even with credentials.
We conduct due diligence on the farms we use and only work with large reputable CEX such as Binance. As a matter of fact, most of our bots run on Binance and we are farming BSC DeFi services.
One of the cooler thing that we haven’t spent time promoting is our farming insurance, not just nexual mutual insurance, which covers hacks and code errors, but if we implement a strategy and it doesnt perform, we will cover some of your losses.
We are also working with a few yield farming insurance partners to ensure your funds are protected. Make sure you follow our Twitter and Roseon Announcement channel for many more confirmed partnerships.

Now the session ends with lots of thanks to our Guest Speaker…

Here are some important links of Roseon

Website | Telegram | Twitter | Wolfonaire Family Chatbox | Wolf

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