Thank you to everyone who joined AMA Blockelite x Beyond Finance on 11th April at 11:00 AM UTC I 06:00 PM (UTC+7). Here is the recap for those who missed this AMA.
Our special guest today is Marco Pharaoh – Head of strategy
Segment 1: Introduction about Beyond Finance and Marco Pharaoh – Head of strategy of Beyond Finance
Q1: Can you briefly introduce yourself as well as about Beyond Finance?
Marco Pharaoh – Head of strategy of Beyond Finance: My name is Marco, Head of Strategy at Beyond Finance, one of the core member
I’m an expat based in Tokyo Japan
Before crypto, I always worked in tech, first as a web dev ,then full stack related to big data. I got into crypto in late 2012 and traded until 2014, not the best trader, got wrecked and returned to crypto in 2017 as project Advisor.
I really fell in love with the Ethereum ecosystem. I attended most of the major Blockchain week Conferences , NYC ,Tokyo, Seoul, Hong Kong etc.. Then from 2018 I started to work closer with core teams to BUIDL as they say.
About Beyond Team
Paul , Kennet , Dorji , me and Jeremy are in charge of operation plus a team of 6 Developers.
Combine Beyond Finance team has more than 25 years in traditional finance (Goldman Sachs, Barclays, Deutsche Bank, UBS, Citibank just to name a few) and includes a member who founded one of the top 2 Korean Crypto Exchanges
Blockelite Host: how about Beyond Finance? Can I know why you choose the name “Beyond Finance”?
Marco Pharaoh – Head of strategy of Beyond Finance: Beyond Finance name come from Paul
he wanted to advance and upgrade the current DEFI space
go Beyond . go further , do better Synthetics trading tools
Q2: Can you explain how Beyond Finance works? What role do BYN tokens play in the Beyond Finance ecosystem?
Marco Pharaoh – Head of strategy of Beyond Finance: Beyond is a Decentralized Synthetics Trading Platform. Based on the BYN token and collateralized the USDb (synthetic stable coin). The USDb Token is used to trade other synthetics assets. While the underlying asset the BYN token is used as a collateral and reward.
Example trade TESLA/USDb on BEYOND DEX.
USDb (b = beyond synthetic token)
We are building a very advance trading platform, good enough for PRO level.
but easy to use for all levels. and new treaders
Q3: What is the market strategy of Beyond Finance to get mass adoption by millions of users and investors outside the crypto space?
Marco Pharaoh – Head of strategy of Beyond Finance: Working with our global partners
We have investors from across the world.
and each community will support our marketing effords
We have very strong announcements about New Partners!!
and these big announcements will support BYN
I have a good experience in crypto and travel to the biggest Blockchain events.
our network is very deep in crypto ✨
Blockelite Host: do you have a plan to build and develop local community?
Marco Pharaoh – Head of strategy of Beyond Finance: YES
🇻🇳 we love vietnam .
Very important market for BEYONS .
I went to HCMC and HANOI in 2019. I can see amazing potential
I also worked with very ELIIT developers based in Vietnam.
so much technical talents
I will be personally do my best to build Beyond Vietnam team.
Q4: Security is an important issue with all projects, how Beyond Finance keeps users’ funds safe when using your products? Do you have an audit plan through a third party?
Marco Pharaoh – Head of strategy of Beyond Finance: Yes security is top priority, we hired the best audit firms.
the audit reports will be published. top names
We also hope everyone stay safe. about BYN token . follow the official channel only.
lets stay safe and strong together.
Q5: Beyond Finance will have IDOs upcoming, can you share some information about it? What are the conditions for participation? And what is the next roadmap for 2021?
Marco Pharaoh – Head of strategy of Beyond Finance: the main IDO platform is Ignition and DuckStarter,
Aprill 12th 15:00 UTC in 24 HOURsssssssss
Segment 2: Twitter questions
Q1. How will you continue to promote your product in the future? Do you already have plans for other interfaces with other companies?
Marco Pharaoh – Head of strategy of Beyond Finance: Protocol level partnership is very important for marketing
we are already in talks with major projects. BIG NAMES
announcement in next 10days
Q2. Could you tell us some of the recent major achievements & Future plans of Beyond_Finance?
Marco Pharaoh – Head of strategy of Beyond Finance: We build our POC proof of concept . alpha DEX. works .
Now testing and tuning the BETA version.
We raised 7.5 Million USD in 3-4weeks. NO whale , many VCs , top influencers.
a lot to be happy about
Q3. What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?
Marco Pharaoh – Head of strategy of Beyond Finance: becoming top 3 synthetics platform, increase 100x the trading Volume of global synthetics from millions to Billions.
Going Layer 2. In Q2. and Full cross-chain in Q3 2021
Q4. What really MOTIVATED you to bring such a great PROJECT into existence?
Marco Pharaoh – Head of strategy of Beyond Finance: Being in the core team is very important to me.
And I can really have a positive impact , and will give me the change to empower the users .
Blockchain and Crypto must empower the human kind.
Q5. Are you planning to list on centralized exchanges, if so, which ones are you considering? What partnerships are planned, what allies do you need?
Marco Pharaoh – Head of strategy of Beyond Finance: yes, we are talking and negotiating with Top exchanges for the last 2 months, we understand and mix of DEX and CEX is important.
remember Beyond core team, have launch TOP exchanges before
we will have the best centralized exchange partners.
will blow your mind
Segment 3: Live questions
How old is this project and what are your long term goals and Are you planning to develop on the Polkadot network?
Marco Pharaoh – Head of strategy of Beyond Finance: about 5 months from Founder recruiting team.
polkadots is not yet live. but cross-chain is the key to global growth . we will be part of it.
How big is your addressable market and what are the future growth potentials?
Marco Pharaoh – Head of strategy of Beyond Finance: hugggge . Synthetics trading right now is very small volumes only millions/day.
we can push this to Billions daily.
If the general cryptocurrency market experiences a major crash, what are you doing or what will you do to stay afloat?
Marco Pharaoh – Head of strategy of Beyond Finance: have experience 2 winters and major crash, including 2008!.
Crypto winter may come , but BEYOND community will be strong and make profit during any season
What is the competitive advantage of your project? Can you point out the strengths of your project that other projects do not have to attract investors?
Marco Pharaoh – Head of strategy of Beyond Finance: our founders experience is key.
they have a real long term plan. strong road map.
Why did you decide to unite the cryptographic world with spirituality? Any particular personal experience you wish to share with us?
Marco Pharaoh – Head of strategy of Beyond Finance: I made amazing global friends , since 2017
crypto has change my life for the better
this is very important, crypto give me more freedom