March 17-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the LunaFi side there was:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻George Porchester (@PorchyFi), Founder
Sure. George here. I am the founder of LunaFi, based in the UK. I’ve been a professional gambler for over 10 years and in the crypto space since 2017
I had my lightbulb moment roughly a year ago when I came across Aave and Sushiswap and how they were utilizing smart contracts for their lending liquidity pools. With the rise of L2s, I immediately thought of a decentralized house pool which opened up the possibility of anyone being the house and users guaranteed a payout. For me, this was incredibly exciting.
👨💻Boof (@Boofsta), CMO
Hey, hey I am Boof CMO from LunaFi
Let’s get started!
Q: What is LunaFi & Lunabets?
A: So LunaFi is the decentralized betting protocol where you can become the house. We are creating a framework where developers, liquidity providers, and users interact in a fair and trustless environment. Liquidity providers deposit into the house pools to earn a share of the profit gathered from activity on the platform and receive additional rewards in $LFI.
Lunabets is our debut dApp built on the protocol. It is a non-custodial utilizing LunaFi smart contracts & liquidity pools to ensure trustless payouts, meaning there is an immediate settlement made by the smart contract to the winning party, removing all counterparty risk. Users are rewarded $LFI which can be claimed from LunaFi on top of placing bets.
The reason we have seperated these out, is because we want others to connect their own betting platforms connected to LunaFi’s house pool
Q: Who are the team, are they doxxed?
A: So you can see all of our team on LunaFi
We are all doxxed. There are just over ten of us at the moment and we are growing.
Q: What can we expect from the roadmap?
A: here you go. So the main milestones coming up lunafi
We have a gamified IDO crash game launching 1st April.
The IDO is on the 15th April
Q: Pls give us more details what the IDO Game?!
A: So if you want to get your share of LFI, you have to deposit ETH into the contract and play the game. We also see this as an LGE, as all the liquidity is added to the DEX
So you can deposit say 1 ETH, and you can decide the stake of each bet and play the game until you have won the LFI. You can of course withdraw your ETH at any time if you decide not to play!
It is all on chain, transparent and fair. The only other way you can participate is through and Lithium Ventures via normal launchpad
There is a competition to win free bet credit for the game btw
The lucky winners will also get there hands on LunaFi NFT’s too
https://gleam.io/bY4h9/lunafi-deck-of-cards-nft-giveaway – Yep, head there $50,000 up for grabs
Q: Have you been audited?
A: Yes Hacken audit started today, results will be published soon
Q: Great, and what about partnerships, are those in the pipeline too?
A: Yes! We are working with SportX and the SX network to launch on a side chain to maximise our betting performance.
We have are also confident we are going to be listed after launch on two of the top tier exchanges
However, I just can’t announce these at this stage yet
Q: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
A: You can find all of this on
Q: According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?
A: Yes we are well funded, and shortly announcing our latest raise, with $5.35M raised to date
Q: Do you have AUDIT certificates? Or Does your working to AUDIT your project, to make it more secure and reliable?
A: We will release the results of our audit before TGE.
Q: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project? @PorchyFi
A: Absolutely, we are working on the correct governance as we speak. Please also check out the LFI Staking Pool. We will be launching with 200% yields day one !
Q: Is your project only for English speaking countries or is there a community for other language users?
A: Global 🙂 We have moderators on Discord that speak multiple languages.
Q: What is your strategy to attract new users and Investor to your platform and keep them long term.
A: We have partnered with the leading PR firm Market Across to ensure a global presence !
ICOSpeaks hosted an AMA Session with the LunaFi Team. That’s all for today.
Thanks to all users who participated.
Thanks, LunaFi for being with us
Thanks, all and see you soon😉
Cheers 🥂
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