Blockelite x Flaming Farm AMA Recap

Blockelite x Flaming Farm AMA Recap

Thank you to everyone who joined AMA Blockelite x Flaming Farm on 12th December at 3 PM UTC I 10 PM UTC+7. Here is the recap for those who missed this AMA.

Our special guest today is Flaming Farmer – CEO of Flaming Farm & Smith – Marketing Director of Flaming Farm

Segment 1: Introduction about Flaming Farm and Flaming Farmer – CEO of Flaming Farm & Smith – Marketing Director of Flaming Farm

Q1: Can you briefly introduce yourself as well as Flaming Farm?

Flaming Farmer – CEO of Flaming Farm: Hi, im Flaming Farmer, Flaming Farm CEO, I have extensive background experience in the cryptocurrency space with around 4 years in it.

Smith – Marketing Director of Flaming Farm: I am Smith working as the marketer and growth manager of Flaming farm. I have 2 years experience of crypto marketing. Being a social media influencer and marketer, I work on effective strategies to transfer information to Flaming Farm Community.

Flaming Farm is a unique proprietary deflationary yield farming protocol. Our aim is to solve the inflation problem of the farming. That’s why when investors join liquidity pools on Flaming Farm, they automatically enjoy the network’s burning system.

1)Unique deflationary system under audit
2) Inbuilt swap feature
3) Progressively adjusted APY
to transfer information to Flaming Farm Community.

Q2: Flaming Farm is a unique proprietary deflationary yield farming protocol. What makes Flaming Farm different from other yield farmings? What solutions can Flaming Farm bring and will it be useful in the future?

Smith – Marketing Director of Flaming Farm: Flaming Farm has a well planned burning system that will be adjusted along with increasing supply and it make us different from othet platforms

Let me explain its mechanism, In Flaming Farm our total supply starts at 10k, with 2.5% burning rate. When farming supply will increase and we hit 12k total supply then burning rate will also increase approximately 0.5% and burning rate will continue to increase 0.5% whenever supply will increase 2k.

Q3: What are the $FFARM token utilities? How can $FFARM token holders benefit for the long-term?

Smith – Marketing Director of Flaming Farm: FFARM will be used in farming. There is no locking time for farming, people can unstake and claim their earning whanever they want to get farming reward

Also FFARM will be main utility token on Flaming swap

Flaming Swap is in final testing stage and it is our own Dex. It was created mainly because the fact that we dont need any other pool, when we have our own pool and with better rewards to our farmers.

Flaming swap feautures are almost the same of Uniswap. More info about Flaming Swap 1 day before launch.

Q4: How does the Flaming Farm guarantee the security of user funds? What are the measures of any risk control?

Smith – Marketing Director of Flaming Farm: We know many Farming projects enter in market for pump and dump without paying attention to security. But For us security is our top priority.

Flaming Farm is a 100% secure and trusted platform. Our smart contract is audited by blockaudit firm.

We ensure our platform is secure to invest and we will take all neccessary steps in future to make our platform hackproof

Q5: Flaming Farm has just started the presale, what are the next market strategies and milestones for Flaming Farm towards the end of 2020 and early 2021?

Smith – Marketing Director of Flaming Farm: Flaming Farm got reviewed by Crypto Adventure and we are really grateful for this, many influencers are talking about it, and our community is growing day by day. We are currently in final phase of our Swap, governance, and last farming touches, token audit is already happening and soon we will have more news about this.

Segment 2: 5 best questions from Twitter

Q1: What is the biggest challenge for Flaming Farm in the future? how do you plan to solve this problem?

Smith – Marketing Director of Flaming Farm: Interesting question!! I feel the only problem of farming world is Risk of inflation.

Flaming Farm is a unique proprietary deflationary yield farming protocol. Our aim is to solve the inflation problem of the farming. That’s why when investors join liquidity pools on Flaming Farm, they automatically enjoy the network’s burning system.

1)Unique deflationary system under audit
2) Inbuilt swap feature
3) Progressively adjusted APY
to transfer information to Flaming Farm Community.

Q2: Currently Flaming Farm is conducting Presale. We can see that lately there have been many projects that hold presale and buy coins at high prices but after months Nor did the price of the coin increase but decrease. So how do you convice investor to join Flaming Farm Presale?

Smith – Marketing Director of Flaming Farm: Flaming Farm Presale has started on 10th December 10:00 AM UTC time through a smart contract

👩‍🌾 Quick Details 👩‍🌾

PreSale Price 0.16 ETH ( Max: 20 ETH)
PreSale Hardcap: 600 ETH

After presale we have planned amazing strategy to give rewards to FFARM holders. First of all, Flaming Farm, is designed to people need to stake liquidity to farm, reward is based in APY from 100-500% depending in the pool, so users will prefer to farm, and that will make market stable, secondly we gonna give bonus APY rewards on first 48 hours

Detail: https://t.me/Blockelite/967044

Q3: DEFI and Farming are evolving too fast and the ability to break is very high. What do you think about this and can you be sure that FlamingFarm’s products will be demand in the long term? What is Flaming Farm planning to contribute to DeFi’s growth?

Smith – Marketing Director of Flaming Farm: Currently we are focusing on development and initial marketing drive. Our main products are Flaming Swap and Farming. FlamingSwap is in its final testing stage.

We know many Farming projects enter in market for pump and dump without paying attention to unique features. But we are here to build a strong and secure platform.

Flaming Farm is a 100% secure and trusted platform.

In a year from now we see Flaming Farm will be one of the more balanced Yield Farming projects, with a lot of new dapps and partnerships, to increase utility and community benefits, and we hope that our main objective of creating a blockchain game utilizing FFARM are live

Q4: One of Flaming Farm product, Flaming Swap, are seems like an usual DEX, but you say FlamingSwap has several unique features and better rewards. Can you elaborate more about these features and rewards?

Smith – Marketing Director of Flaming Farm: Flaming Swap is in final testing stage and it is our own Dex. It was created mainly because the fact that we dont need any other pool, when we have our own pool and with better rewards to our farmers.

Flaming swap feautures are almost the same of Uniswap. More info about Flaming Swap 1 day before launch.

Q5: FlamingFarm is designed for deflation yield farming, can you specifically explain what the burning rate is? How many tokens are burned per farming? Also what is APY for Farming?

Smith – Marketing Director of Flaming Farm: Interesting question!! We have a unique burning system and the platform is designed to provide the solution of this problem –risk of inflation.

This risk originates when each new token enters in market slowly decreases the token’s overall value. This decrease happen because the supply is increased without any neccessary demand.

Problems arise when you have tons of these tokens getting issued, and there is no burning system. That’s why to protect our investors funds we have a well planned burning system that will be adjusted along with increasing supply.

Let me explain it in detail, In Flaming Farm our total supply starts at 10k, with 2.5% burning rate. When farming supply will increase and we hit 12k total supply then burning rate will also increase approximately 0.5% and burning rate will continue to increase 0.5% whenever supply will increase 2k.

Segment 3: Live questions.

Q1: Partnership is always an important factor for every project. So who is Flaming Farm’s partner? What are the benefits you get from those relationships?

Flaming Farmer – CEO of Flaming Farm: Right now we dont have any partner, but we hope soon it will change

Q2: how does $FFARM spearhead the adoption of DeFi using a blockchain solution?

Flaming Farmer – CEO of Flaming Farm: First er provide a good farming, second we want to insert flaming farm in gaming industry

Q3: Are you a global project? Can anybody use your services from anywhere?

Flaming Farmer – CEO of Flaming Farm: Yes maybe some limitations from crypto banned countries

Q4: Can you tell us the motivation and benefits for investors to keep the $FFARM token long-term? Do you have a plan to help boost token demand and scarcity?

Flaming Farmer – CEO of Flaming Farm: Ofcourse first because of farming rewsrds, srcond becausr we will be very active in marketing and development

Q5: Can anonymous transactions be performed on the Flaming Farm network to hide transaction details to help protect the confidentiality of user information and tokens?

Flaming Farmer – CEO of Flaming Farm: Yes you dont need to give me your name when purchasing FFARM token from presale for example

Q6: What features/improvements are you planning to add to your products in the near future?

Flaming Farmer – CEO of Flaming Farm: We are currently working in flaming swap and in all our farming system

Our AMA session is now over !!!

More information about Flaming Farm

Website: https://flamingfarm.org/
Telegram: https://t.me/flamingfarm
Twitter: https://twitter.com/flamingfarm