Thank you to everyone who joined AMA Blockelite x AdAstra on 25th January at 3:00 PM UTC I 10:00 PM UTC+7. Here is the recap for those who missed this AMA.
Our special guest today is David Lim – Co-Founder of AdAstra.Finance
Segment 1: Introduction about AdAstra and David Lim – Co-Founder of AdAstra.Finance
Q1: Can you briefly introduce yourself as well as Adastra?
David Lim – Co-Founder of AdAstra.Finance: My name is David. I am a former financial analyst at Deloitte, where I worked for nine months. Aside from my fairly short career at Deloitte, I studied computer science at the University of Texas.
Currently, all of my time goes into AdAstra –a pioneering liquidity infrastructure for technology opportunities across emerging markets – where I am leading business development and fundraising initiatives.
Q2: Can you give us more details about your competitive advantages and positioning? What makes Adastra special?
David Lim – Co-Founder of AdAstra.Finance: AdAstra aggregates liquidity into tech-sector specific Astra tokens, offering industry-specific opportunities for token holders. AdAstra belongs to the data-driven economy, which generates profit from the decentralized services.
What makes AdAstra special is AdAstra offers investors and liquidity providers high economic performance & return potential. AdAstra creates an ecosystem where token holders can benefit from the positive effects of compounded interest, high liquidity, and a share of arbitraging profit without suffering from impermanent loss.
The profit potential of the industry-specific tokens will be reflected in token price growth and value appreciation.
Q3: What role does the Kaizen protocol play in the Adastra ecosystem? What benefits bring users of Kaizen protocol?
David Lim – Co-Founder of AdAstra.Finance: AdAstra is a decentralized infrastructure that utilizes Kaizen protocol’s mathematical algorithms to provide a better DeFi experience.
Kaizen is a cross-blockchain interoperable full-stack protocol which can unlock the true potential of open finances, minimize transaction fees and ensure security.
Q4: What is the difference between aIOT Token and aIDV Token? Can you tell us a little insight into future aIOT Token and aIDV Token utilities, features, and token economics?
David Lim – Co-Founder of AdAstra.Finance: Astra IoT Token (aIOT) represents the best-in-class IoT products and services, offering the token holders to benefit from profit growth of the early stages of IoT market acceptance.
Astra IDV Identity Validation (aIDV) Token stands for the personal identity validation technology, which is a fundamental component in controlling data access in many decentralized projects. Validated identity allows users to access their decentralized assets securely.
Q5. What is the progress and roadmap of your project for 2021?
David Lim – Co-Founder of AdAstra.Finance: Over the course of last year, our project grew tremendously:
We closed 2020 with over 6,800 users, a 10,000% increase in trading volume!
In 2021 you can expect the AdAstra team to commit to holder benefits, prioritize liquidity mining opportunities, and deliver decentralized exchange integrations.
Blockelite Host: I see the project has a presale, how much tokens have been sold?
David Lim – Co-Founder of AdAstra.Finance: That’s correct. The token sale is still ongoing.
As of now, we managed to sell approx. 12M aIOT tokens.
Blockelite Host: All sales are locked for 6 months, right?
David Lim – Co-Founder of AdAstra.Finance: That’s correct — the lock-up period for aIOT token is six months.
Blockelite Host: and last small question, when do the token list on exchange after sales?
David Lim – Co-Founder of AdAstra.Finance: Thank you for the question!
The listing is planned for Q3 for 2021. We will make sure to provide more information on our website and Telegram channels.
Segment 2: 5 best questions from Twitter
Q1: I don’t think DeFi is a safe or stable place to save money, because Many projects are rugpulled, exploited, or hacked. So how does AdAstra secure the risk of the DeFi problem? Can AdAstra provide the most advanced & decentralized platform to secure risks?
David Lim – Co-Founder of AdAstra.Finance: Security is of utmost importance to us.
AdAstra integrates a secure identity service called HyperID, which keeps your personal data encrypted and allows you to share it.
We have also partnered with SugoiWallet, a secure wallet for cryptocurrency, to ensure our users can access our service with 100% confidence.
When it comes to blockchain, AdAstra utilizes a combination of the safest and most reliable approaches to liquidity accumulation, using an already validated and audited code.
Q2: Can you share us with some of the advantages of aIOT? Also what makes me to hold it for long term?
David Lim – Co-Founder of AdAstra.Finance: AdAstra represents the best-in-class IoT products and services in Asia, offering the participants of its ecosystem to benefit from profit growth of the early stages of IoT market acceptance.
Particularly, aIOT can also act as a proxy for underlying assets, and could be exchanged after a lock-up period, so you will have more flexibility, and automated ways to generate passive income.
Q3: DeFi is projected to buzz up in 2020, now what roles does AdAstra play in the innovativeness of DeFi and how does AdAstra view the future of DeFi?
David Lim – Co-Founder of AdAstra.Finance: Compared to 2020, DeFi now gives complete freedom both for qualified investors and newcomers by removing typical restrictions and allowing to purchase tokens of promising projects without limitation on the amount of capital invested.
AdAstra simplifies and completely automates this mechanism, creating somewhat industry indexes in crypto assets.
Indexes allow not just to invest in one project, but to diversify investments by allocating them in a whole industry.
Q4: How many ways can I make passive income? If I can easily bet other tokens to generate income then what would be main incentive AdAstra users to acquire the $aIOT token?
David Lim – Co-Founder of AdAstra.Finance: The one way you can make passive income is staking.
Staking allows AdAstra users to generate passive income by depositing and holding assets in the cryptocurrency wallets.
Currently, users can deposit such stablecoins as DAI, USDT, USDC and BUSD with an 84%, 80%, 73% and 57% of annual returns respectively.
Based on your USDT stake, AdAstra will create an equal value stake in adUSDT on the Ethereum blockchain.
Your staking rewards will be automatically converted into adUSDT and sent to your account.
Q5: Does the AdAstra team have a training and guidance system for newcomers to cryptocurrency? How do you attract and reach them?
David Lim – Co-Founder of AdAstra.Finance: Yes, we created several ways to make our platform user-friendly: Adastra contains a wide set of different services, tools and wallets, which newcomers can easily utilize.
You can find more guidelines on https://adastra.finance/ that will help you to get started.
By the way, as a special offer to the Eliters community, aIOT token price will remain fixed for the rest of today. The price will increase tomorrow.
Segment 3: Live questions.
Q1: Does your project have a local community for those who don’t understand english?
David Lim – Co-Founder of AdAstra.Finance: We are continuously looking to expand our reach and bring improvements into DeFi space, and spreading awareness is certainly one of our biggest goals for 2021.
When it comes to non-English speaking communities that can join and understand our service, we can proudly say that AdAstra.Finance is available on Japanese and Chinese languages – two biggest markets that we work closely with.
Q2: if you guys were me? how many tokens aIOT would you buy?
David Lim – Co-Founder of AdAstra.Finance: As many as I can afford😉
Q3: What makes you feel confident about the survival & sustainable success of Your project in the near future?
David Lim – Co-Founder of AdAstra.Finance: AdAstra creates an ecosystem where token holders can benefit from compound interest, high liquidity, and arbitraging profit without suffering from impermanent loss.
Therefore, our confidence comes from investment opportunities and pioneering products and services our expert team discovers. In such case, investments are always diversified and guaranteed to be profitable.
Q4: How do you feel about the Vietnamese market and Viet Nam user? Is this a suitable market for #Adastra development? Do you have plans to develop Viet Nam community after this AMA?
David Lim – Co-Founder of AdAstra.Finance: I think it is a great market, with a very excited community, as I can see here. I am blown away by all the great questions, a very educated audience indeed. I will definitely look into it!
Q5: What is total supply? Are your plans to focus on market or to grow community?
David Lim – Co-Founder of AdAstra.Finance: The total supply is set at 500,000,000 aIOT — To purchase aIOT, go to the AdAstra website (http://adastra.finance/).
One cannot exist without another. So, the short answer is we plan focusing on both.
Thank you all for your questions.
Our AMA session is now over !!!
More information about AdAstra