In conjunction with the $CFL365 public sale on ZeeDO, the CFL team has engaged in an AMA with the ZeroSwap community on telegram on the 29th of July 2021.
AMA Format: There would be 2 rounds
1. Round 1 ZeroSwap would be asking questions to CFL365 Team
2. Round 2 We would open the chat for the community questions and CFL365 Team would choose the 10 Best questions and answer them.
Round 1
Admin:
Hello Everyone Let's welcome @cryptokazmi — Co-Founder & COO at CFL365 Finance
Abbas Kazmi:
Hello Everyone, Glad to be a part of this Amazing AMA Session
Admin:
Let's get started @cryptokazmi
Abbas Kazmi:
Sure
Admin:
Could you please provide a quick self-introduction for the community?
Abbas Kazmi:
I am Mohammed Abbas Kazmi, Co-Founder of CFL 365 Finance.
We are a team of passionate Traders and have been there in the Crypto Ecosystem for more than 5 years now.
Our team includes members from Leading Blockchain firms and CeFi Exchanges like Crypto APIs, Okex, Coin DCX, Nuo Network, and other prominent firms in the Blockchain Ecosystem.
We have been a part of nearly 11+ DeFi projects that have a combined TVL of $50 Million USD to date.
Admin:
That's sounds amazing, seems like CFL365 is set with a power pack team. 💪Let's move on to the next question
Could you briefly introduce the project CFL365.FINANCE what are some of utilities of $CFL365 ?
Abbas Kazmi:
CFL365.Finance is Decentralized Virtual Marketplace for Stocks and Crypto Trading, where users will be able to participate in skill based trading contests by paying with $CFL tokens. In simple words it is a Trade Gaming Application where user could learn, simulate and earn money which polishing their trading skills.
A few of the broad utilities are:
– Game Mining
– Referral Mining
– Getting High APYs for holding CFL Tokens in your wallet (without any lock in period*)
– Option to Convert CFL Tokens to exclusive NFTs via our Partner Platforms and regular intervals.
We are bridging the gap between legacy finance and Crypto Ecosystem wherein users Learn, Simulate and Earn simultaneously!
Admin:
Ahh this is a fun way to learn and also make money.
Here the next question
How different is CFL365 from the existing Decentralized Virtual Marketplace if any ?
Abbas Kazmi:
As compared to different projects in the Metaverse, CFL 365 Finance is quite unique in the way that we have been bringing together the best elements of both the Legacy Finance and Crypto Finance and building a platform that would reduce the friction for the users in adopting trading techniques which has been reserved to only to seasoned traders around the world. Right from Rigorous KYC to Geographical Limitations, we are aiming to address them all via our DeFi Project.
And by doing this, we are bridging the gap between Legacy Finance and Crypto Ecosystem wherein users Learn, Simulate and Earn simultaneously. The users can polish and hone their trading skills here and also apply what they learned on CFL 365 Finance in actual trade conditions as well in both Crypto and Legacy Finance System.
Admin:
As I understand it solves the biggest problems for the newcomers, where they can use CFL365 protocol to learn about the trading aspects as well as earn rewards and apply them in real.
@cryptokazmi Do correct if I have said it right
Abbas Kazmi:
yes, we are trying to filter out the noise from the signal and provide our platform users with the optimum amount of information to succeed in trading.
Admin:
Noted. Lets jump on to the next question
Could you share about security and also what benefits you provide to incentives user’s choosing your platform?
Abbas Kazmi:
Users are what is the lifeline of every project and their funds, security, and data privacy is a top priority for us.
Our development team consists of people who have worked on Smart Contract / Blockchain solutions for some of the world’s leading institutions such as JP Morgan Chase, IBM, EY etc.
In fact, we take every possible step to ensure security so that there are no loopholes in our apps and smart contracts and are safe from any malicious attacks. In addition, we will get our smart contracts audited by the benchmark agencies of the blockchain space and will test our system periodically for any loop holes such as rugpulls, and other malicious features that could harm the project.
Once the users enter the contests with $CFL365 Tokens, they would get Virtual League Balances which they could use to build their Virtual Portfolio (crypto and stocks) and depending on these portfolio gains and rankings they would be distributed with the rewards at the end of the contest!
The users potentially can multiply their Tokens up to 50x* depending upon the Size of the Trade Leagues, additionally, they will also get an opportunity to convert their $CFL365 into NFTs at regular intervals
Admin:
Noted.
Here is my last question and then we shall start the community round.
Abbas Kazmi:
Sure.
Admin:
Can you please share more details about the Tokeneconomics of CFL365 and its supply distribution?
Abbas Kazmi:
Yeah Sure.
We have divided the Tokenomics in such a way that the community and our supporters stand to benefit from our project in the coming quarters ahead.
Our Total Token Supply is of 400 Million CFL365 Token out of which the majority has been allocated to Ecosystem and Rewards.
The next section that we have allocated our tokens is towards the Pre-Sale for our early stage backers and advisors. Another important section that we have allocated is towards the Treasury and Future development which the CFL365 Token Holders will decide on which additional features to add in the coming quarters via a DAO Mechanism.
We have a certain portion for Exchange Lisitings and DeFi Partnerships which are quite important moving forward.
Lastly we have a portion allocated for the team that has a Lock In Period of 12 months.
Admin:
Perfect, we shall now move to the community round.
The chat would be open for a 1 min and CFL Team would choose the Best questions and answering them.
Community Round
Admin:
@CRYTPOMAHARAJ @cryptokazmi Please select the best questions and answer them.
FACE:
Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?
Abbas Kazmi:
We have got our smart contracts audited by the benchmark institutions from the blockchain space and would be testing our systems from time to time at regular intervals
With the use cases mentioned earlier and the chances of multiplying their portfolio gains via winning different Trade Leagues on our platform, the Users will surely remain hooked on to different leagues onto our platform.
We have a team of smart contract developers who have a Security Audit background who are building this project.
Zonaid J:
Who participate in the public-sale event and holding the token for long term, how will these early investors benefit greatly from the project?
Abbas Kazmi:
We are having a Triple IDO on ZeroSwap, Polka Bridge and BSC Station and will also be having a public sale on DODO Dex.
Please follow our social links and channels for the latest updates.
PompayPi :
Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Abbas Kazmi:
Instead of Coin Burn and Buy Back Mechanism, we will be implementing the concept of NFTfying the tokens. This basically gives users an opportunity to wrap their token holdings into a NFT that they can use to purchase collectibels from our partner platforms. This NFT created will be having similar utilities as $CFL365 token itself on the platform.
Kona Kona:
What are you concentrating on at the moment? Are you concentrating on attracting and retaining new investors, community expansion, or partnerships etc.?
Abbas Kazmi:
At the moment we are focussed on educating and expanding our community, forging partnerships with trading and gaming communities. Our main focus is towards building a product that bridges the gap between retail and experienced traders as well as between crypto and legacy finance as well.
Dangerous Khiladi:
Hello sir,
A bright future for NFT’s.
Can you share with us, What is your thoughts on NFTs over the next few years?
Abbas Kazmi:
NFTs is the theTopic now a days and I do think that this is just the tip of the iceberg and we will be seeing much more different utilities and use cases in the coming months.
Erin Norah:
Do you hope to provide assistance worldwide with your project without any country limitations? If so,do you plan to start separate local communities to make aware about the project ?
Abbas Kazmi:
Our project is a part of the DeFi Ecosystem that just needs a users to connect their Metamask and start taking part in the trading leagues.
We are not restrcited by any geographical limitaions or regulations as such.
Sezan Crypto Boss
Everyone values projects with long-term benefits over short-term benefits. So what does CFL365 do to ensure long-term benefits?
Abbas Kazmi:
We are introducing the staking program in which the users will be provided with High APYs, along with the choice to stake and receive Tokens of our partners in the Defi ecosystem as well as NFTs at quarterly intervals and major world events worldwide, such as New Year, Christmas etc.
This is besides the rewards the our token holders get when they take part on different leagues on our platform.
Khaby Lame:
In the long run, why should we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?
Abbas Kazmi:
As compared to different projects around the world, CFL 365 Finance is quite unique in the way that we have been bringing together the best elements from both the Legacy Finance and Crypto Finance and building a platform that would reduce the friction for the users in adopting trading techniques which has been reserved to only to seasoned traders around the world. Right from Rigorous KYC to Geographical Limitations, we are aiming to address them all via our DeFi Project.
And by doing this, we are bridging the gap between Legacy Finance and Crypto Ecosystem wherein users Learn, Simulate and Earn simultaneously. The users can polish and hone their trading skills here and also apply what they learned on CFL 365 Finance in actual trade conditions as well in both Crypto and Legacy Finance System.
Muhammad Novreysa
There are some common problems in crypto such as : scalability, Interoperability Speed, Privacy and Security. How does your project plan to resolve this problem?
Abbas Kazmi:
We are launching our project on Ethereum Protocol along with interoperability on Binance Smart Chain.
Soon we will also be releasing a bridge on Polygon Network (Matic) and Polkadot as well that will take care of all the points mentioned above.
Besides with the launch of Eth 2.0, these issues will soon be a part of the history moving forward
Kaito Kid
What are the key milestones on your roadmap — both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Abbas Kazmi:
As per our roadmap we are quite on schedule and have fulfilled some of the major requirements pertaining to the projec launch. We have already finalized our application arcitecture, have legally incorporated the company and have met the compliance requirements for the project.
Despite the current market conditions, we have been able to raise enough funds for the project via our different Pre-Sale Rounds. As far as our quarterly milestones are concerned, for this quarter we are pretty much on track and our objective is to launch the First Version of the product (Web App) and then conduct the IDO as soon as possible. Ideally in a week’s proximity after launch! We are integrating different Data Oracle feeds to ensure seamless experience for our users.
In the coming quarters, we have upcoming features like Wallet Integration, Token Governance Architecture, Token Staking Feature, virtual margin trading and prediction platform, partnerships with leading educational institutions like Student Campus ambassador programs around the world to foster crypto education and introduce lottery system architecture as well.
And with the support and feedback of vibrant community members such as yours, we are confident that our team will achieve more than what is stated in our roadmap.
For Key Updates, we recommend you to follow us on our following social links:
Twitter — https://twitter.com/cfl365_finance
Telegram — https://t.me/cfl365finance , https://t.me/cfl365
LinkedIn — https://www.linkedin.com/company/cfl365-finance
Reddit — https://www.reddit.com/r/CFL365
Admin:
Thank you so much for answering the question. and being part of the AMA — CFL365 Team.
About ZeroSwap and ZeeDO:
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