April 1-st held an Ask Me Anything session at ICOSpeaks telegram chat. From the Bolide Finance side there were:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Tony @levinsky_a — Community Lead
👨💻 Ox Bid @oxbid — Operations Lead
👨💻 Friede @jreznik — Marketing Lead
Friede here, I am a Project Manager at Bolide.
We are a startup so there are no limits in our responsibilities, so I deal with product development, marketing and even with hiring sometimes
Let’s get started!
Q: Can you tell us the inspiration that birthed Bolide Finance and what the project is about?
A: Bolide aims to become the platform of choice for DeFi users who just want to earn yield without constantly worrying about their holdings.
Key to its vision is automation and simplicity, allowing anyone to just find their preferred strategy and risk tolerance, enter with a few clicks and earn a return on their assets from multiple chains.
Q: Can you tell us what innovative solution Bolide Finance is bringing to DeFi in cryptocurrency?
A: All Bolide strategies aim to extract the maximum possible yield for a given risk profile (for example, stablecoin strategies) by creatively using third-party DeFi platforms
In other words users no longer need to learn how to use cross-chain bridges, supply liquidity, compound assets etc
Bolide does it all for them 🙌
Q: Can you briefly talk about the features of your AI-based high yield farming aggregator?
A: There is lots of ways to stake crypto in existing market. In order to consistently find the best APY, you need to spend a huge amount of time researching dozens of DeFi projects. We have created a technological solution that solves this problem. Our algorithms constantly analyze the market and adapt the investment strategy in order to obtain stable returns. 😎
Q: What are the major plans on track for completion this year by Bolide?
A: Our main task for this year is to launch a working project. It means we launch all of our Strategies with different risk level suitable for each type of investors.
Moreover, we are aiming to expand to several more blockchains, At this very moment we Bolide is operating in BNB Chain and Ethereum Mainnet 🙌
BTW here is our Roadmap https://docs.bolide.fi/protocol/roadmap
Q: How do we acquire your native token and why is it important to be held from an investment perspective?
A: First of all, alll yield generated by Strategies is paid out in $BLID. That’s the easiest way to get tokens if not to talk about purchasing on exchanges.
Second, BLID is a non-inflation token which means that the token model not only does not provide for an additional issue of an asset, but also for the withdrawal of part of the coins from circulation by using the following mechanics:
• 20% of profit is transferred to the Bolide project team’s expenses wallet
• 80% of profit will be used for buying back and burning these newly acquired tokens, in order to boost the market price
Yeah, $BLID is already listed on DEXes.
CEX listings are on the way! ☄️☄️☄️
Q: As we know, you have launched your Beta this week. Can you please tell a bit about it?
A: Yes, we did launch this week, super excited about it, our team worked really hard
Now, our Low Risk Strategy is available for everyone by following the link: https://app.bolide.fi/#/
At this very moment, Bolide Strategy’s performance is more than 27% APY.
Q: Can you tell please are there any benefits for new users?
A: For initial users, Bolide prepared a unique offer — APY Boosting. This will allow users to experience Low Risk High Yield Strategy with an APY up to 50%.
That’s a perfect opportunity to make your stable coins passively get safe profit 🙌
Also, we always align different contest. At this very moment we are holding a Telegram Sticker Contest with a $500 Prize Pool: https://t.me/bolidefi/79
Above all else, Bolide is a community focused platform. This means that part of the funds will be distributed among the original users of the platform in order to achieve decentralization and distribution of platform ownership.
Q: Since NFT is popular nowadays, is there a plan for NFT integration?
A: Yeah, it’s definitely is.
Well, right now we ae designing the model of integration NFT in our governance logic. We can’t reveal all the details but I advise you to enter our news channel not to miss a chance to get our NFTs first 🔥
Q: Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
A: 1. Investors no longer have to jump from platform to platform to find the best investment opportunity in the market.
2. Simplicity. With Bolide, investors just have to sit back, relax and let the algorithms do their work.
3. Investors can deposit any stablecoin amount, and withdraw their initial deposit, plus the interest earned, at any time
Q: Do you have AUDIT certificates??
A: Our smart contracts have been audited by hacken.io and are ready to be released to the public.
Q: Is your project only for elite investors, what about others with small funds, is it open to everyone?
A: Bolide is for everyone, we have no minimal threshold, you can withdraw your funds anytime. Join our Beta!
Q: Is your platform a global or is there any restriction to certain regions?
A: Our vision is to be a part of web3 and web3 is borderless 😎 At least for now…
ICOSpeaks hosted an ask me anything with Bolide Finance Team. That’s all for today.
Thanks to all users who participated.
Thanks, Bolide Finance for being with us
Thanks, all and see you soon😉
Wanna know more?
Take a look at our other ama sessions here