Thank you to everyone who joined AMA Blockelite x Kuma Inu on 1st June at 03:00 PM UTC I 10:00 PM (UTC+7). Here is the recap for those who missed this AMA.
Our special guest today is Dan Kennedy – Chief Marketing Officer of Kuma Inu
Segment 1: Introduction about Kuma Inu and Dan Kennedy – Chief Marketing Officer of Kuma Inu
Q1: Can you briefly introduce yourself as well as about Kuma Inu?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: Hello, I am Dan Kennedy the Chief Marketing Officer of Kuma Inu. I have a background in marketing and real estate, and am the founder of one of the fastest growing crypto marketing firms. Kuma Inu is headed by a strong core team. We have two principal founders, and two developers, one of whom is the developer for LEASH.
Kuma Inu is a community driven project. Kuma Dex is a decentralized vAMM, which doesn’t require liquidity for trading pairs, and also vAMM supports leverage trading. We are planning to launch KumaDEX on layer2 networks so the gas fee will be negligible. Our token holders will receive a portion of the transaction fees from KumaDEX and they are now available to farm $dKuma in Kuma Breeder. (app.kumatoken.com).
Blockelite Host: Oh, gas will be cheaper if using Kuma Dex?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We will be implementing a layer 2 solution using either xDai or Polygon to help minimize gas fees.
Blockelite Host: Agree, polygon and xDai
which blockchain is Kuma running ?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We are on Ethereum.
Q2: DeFi is very hot at present. I would like to ask your opinion on DeFi application scenarios, and how can Kuma Inu provide support for it?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We are actively developing DeFi products for our project including Kuma Breeder, and KumaDEX. Due to our fair launch, there is no issues with investors or team having a disproportionate amount of tokens to dump on holders.
Our current TVL is currently over $8 Million, and growing. Right now, we are in the beginning stage, and we are growing exponentially. Early adopters will be rewarded greatly!
Blockelite Host: Where did the project get the idea from?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: The founders wanted a fair and equitable DeFi project, that is also decentralized, that would allow the community to benefit from the project. Kuma Inu allows users to earn by staking Meme tokens, and will be launching a DEX very soon.
The project is made for the community, for the benefit of the community.
Q3: Can you introduce us to Kuma Dex? What makes Kuma Dex so special? When will Kuma Dex be released?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: Kuma Dex is a decentralized vAMM. Uniswap is a famous AMM. In Uniswap, liquidity providers need to provide liquidity for trading pairs. In vAMM, users don’t need to provide liquidity for trading pairs. In Uniswap, traders can’t do leverage trading, but with our platform, vAMM makes it possible.
Unlike traditional AMMs, people can trade perpetual futures contracts utilizing the constant product market maker formula with up to 25x long or short leverage.
vAMM is pretty similar to traditional Automated Market Makers like Uniswap, however, AMMs cannot support Futures Trading. Its definition has been introduced by Perpetual Protocol.
Traders will utilize USDC as collateral to open long or short positions in a given asset. An important difference to note, is that no swap is occurring. Unlike other AMMs, for example, where traders arrive with asset A and leave with asset B, on Kuma Dex traders will always arrive with USDC and leave with USDC. All profits/losses will also be in USDC since there are no liquidity providers inside vAMMs.
Blockelite Host: why use USDC?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: USDC is considered a safer asset, when compared to USDT. Tether has had recent news regarding it that makes it a bigger risk to use.
Q4: We all know that security is really important and valued by users these days. What security measures do you take for users? Do you have an audit plan through a third party?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We are undergoing audit by a reputable firm. Results will be released as soon as available.
Q5: What is the market strategy of Kuma Inu to get mass adoption by millions of users or investors outside the crypto space?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: Projects that are well developed, have strong utility, and a strong community will always grow and succeed. One our developers worked on LEASH, an amazing project. We are well on the way to repeating that success with KUMA. We present a friendly, easy to use DeFi platform that people can use and benefit from.
Segment 2: Twitter questions
Q1: At the moment , where you are focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you share it?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We are focused on all three of these things. Our project is continually being developed, as is our community, and our partnerships. We have great things happening in June, and we cannot wait to share it with the wider crypto community. 👍🔥
We recently updated our website, which you can visit at KumaToken.com
Q2: As a community member to what extent I can participate in the token governance? Do you really consider our suggestions?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: Yes, as a community focused project, every $dKUMA holder has a voice. $dKUMA is currently available to purchase from Uniswap v2. Our community members listed $dKUMA. And most of $dKUMA is farmable from Kuma Breeder. Absolutely!
Q3: Every project has an interesting story before it is created. So, can you tell people a story that gives you the motivation to build and develop a great project like yours?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: The founders were motivated to build DeFi products that everyone could participate in. Unlike most other DeFi projects, Kuma Inu did a fair launchto insure the community would benefit the most from the project, not just investors, which we’ve seen happening too often with crypto projects.
Q4: Why Kuma Inu needs a new token ($dKUMA)? can you tell us about the usecase of this token? what exactly can we do with dKUMA? and how can we get it?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: A few weeks ago, we released $dKuma and Kuma Breeder. It is now in a 10x bonus reward period. Details can be found on kumainu.medium.com
$dKUMA is the governance token of KumaDEX, and it can be used as fuel of Kuma Dex. Our token holders will receive a portion of transaction fees from our products.
$dKUMA is currently available to purchase from Uniswap v2. Our community members listed $dKUMA. And most of $dKUMA is farmable from Kuma Breeder.
Q5: Does the #Kuma Inu team have a training and guidance system for newcomers to cryptocurrency? How do you attract and reach them?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We are writing guides on our Medium, kumainu.medium.com, to help newbies get up to speed quickly. We will also be posting helpful videos on our YouTube to aid new users.
Segment 3: Live questions
Q1. In the long run, why should we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We have a very strong team. Our devs are some of the best in crypto, and include the developer of LEASH, a project that is doing phenomenal. Our token is already at over $8 million TVL, and growing every day. I would not be surprised if we surpass $25 Million TVL by the end of June.
Q2. Can you list killer features of KUMA INU that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: Kuma has a very strong foundation, in the fact that it had a fair launch and there are no obscene amounts of investor or team tokens being dumped on the community. With a solid start, and strong team, Kuma Inu has everything needed to be a top project in the DeFi space.
Q3. What are the list PLANS of your PROJECT ? What will you do in the future so that your project can list other exchanges and moreover dramatically increase transaction volume?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: $KUMA is already listed on Uniswap, Bilaxy, and BKEX. You can see the links here: https://www.coingecko.com/en/coins/kuma-inu
We will continue being listed on additional CEXs.
Q4. Truly, you’ve done AMA in many telegram groups, so what next, what other way will you make your project more popular??
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We have several contests planned for this summer. Stay tuned!
Q5. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is it like this? If not can u tell us, What makes it different from other projects?
Dan Kennedy – Chief Marketing Officer of Kuma Inu: We’ve already released a working product. We are the real deal 👍