Recap 🔔AMA BC Blue Sky Ventures & TEN.finance🔔

On September 2rd 2021, our community had a chance to welcome  Mr TEN – co-founder Of TEN.finance  to join in an AMA to give fruitful information about the key features and roadmap of TEN.finance –  is a yield aggregator / optimizer that simplifies staking and yield farming with the most liquid Binance Smart Chain Liquidity Pools available and provides a robust yield earning environment on the market while adhering to security, sustainability, longevity and simplicity.
Time: 2:00 PM UTC / 21:00 PM UTC +7, Thursday, September 2nd, 2021
Venue: https://t.me/bcblueskyventures
Airdrop 100 USDT for the best questions in the AMA..
Question for Part 1- Project overview
Question 1: Firstly, can you give me brief introduction about your management team and TEN Finance?
Mr TEN:
Yes, so a little brief intro on TEN Finance here…
TEN Finance is a yield aggregator / optimizer that simplifies staking and yield farming with the most liquid Binance Smart Chain Liquidity Pools available and provides a robust yield earning environment on the market while adhering to security, sustainability, longevity and simplicity. TEN is the Token Enrichment Network, decentralized finance, simplified! ( took this from our gitbook page :O )
I am, as you all already know, Mr TEN and most usually the person people see as the “face’ of TEN Finance
a little more info on myself here…
A former award winning hedge fund manager with my fund which I founded in 2009. My career started 2001 while working for a family office as an analyst initially then moving up to becoming a fund manager.
 
After moving away from fund management in 2016, I took the evolutionary step of moving into the cryptocurrency/Fintech space full time with the sole
intention of bridging the gap between Wall Street and Main Street and that vision, several years later led me to TEN Finance.
A former award winning hedge fund manager with my fund which I founded in 2009. My career started 2001 while working for a family office as an analyst initially then moving up to becoming a fund manager.
 
After moving away from fund management in 2016, I took the evolutionary step of moving into the cryptocurrency/Fintech space full time with the sole
intention of bridging the gap between Wall Street and Main Street and that vision, several years later led me to TEN Finance.
there is also Mr D…
He is a veteran of traditional markets and has always had an eagle eye when it comes to technology. His brokerage firm, is a premier brokerage firm providing online trading solutions within the FX, stock and commodities industry to clients ranging from retail to institutional traders. He has been an investor in several Fintech projects over the years.
 
He has now shifted his attention to the blockchain space and specifically TEN Finance, as it embodies his vision for where the finance world should be heading
then finally Mr A…
He is truly a visionary when it comes to technology and being at the forefront of it. Mr A was a founding partner in the world’s first online video poker website, as well as an early investor in the age verification services in the early 90’s. One of his recent personal ventures is an online tracking and logistics management software of deliveries within the hospitality sector. Mr A ventured into cryptocurrencies in 2016 and leads from a project management perspective with TEN Finance.
We all have a relationship that goes beyond most partnerships with myself  & Mr A having been friends for nearly 20 years and me & Mr D having known each other from Wall street days going back nearly a decade.
 
We have formed a working environment that combines the wealth of their experience and brings a mature and experienced team that knows how to succeed and bring longevity to a passion project that can bring success to everyone involved.
in addition to us 3, we have an amazing team of 6 developers that have worked on several big projects,  and we now have many volunteers and admins in our many groups online and we are growing daily
which is why we’re here today with you all
Question 2: Please share a few major milestones of TEN Finance during its development process
Mr TEN:
Yes, it’s nearly 4 months since our launch and we’ve had a few small, but I feel big milestones that we’ve accomplished
We recently surpassed $40,000,000 in TVL
We are participating in the Binance MVBIII program
 
(https://twitter.com/BinanceChain/status/1428474353184772099)
We have created the TENZap, which allows you to create LP tokens with only BUSD or BNB in your wallet! This is extremely helpful for those that just want to create LP tokens without going through acquiring the 2 different tokens
And we’ve also made it so that you can buy TENFI directly on our website without having to go through PancakeSwap or anywhere else
Phuc: I’m looking forward to new products coming out, keep following the project and don’t miss new products from them
Mr TEN: yes, they are coming soon
Question 3: Could you share with us your plan to expand locally as well as globally?
Mr TEN:
Yes, recently it came to my attention that Vietnam has one of the top 3 global communities involved in defi!
 
I had no idea about this, and thus we did some research on local, Vietnamese groups on Telegram and twitter and came across you all here! We will plan to expand within Vietnam both digitally as well as off line activities that will allow for us to educate the community about TEN Finance and the benefits of TENFI
Therefore, hopefully with the help of the admins here, we’ll be able to grow our Vietnamese group as well so that we can give full support to TENFI Vietnam! T.me/tenfinanceVN
Phuc: We are always ready to support the project
Part 2: 5 questions pre-collected by Twitter post.
Question 1: @fanflashnonone
 With NFTs being as popular as they are at this moment, does TEN Finance have any plans regarding them? Will you include any kind of NFT service or feature in your plaftorm? Can you tell us more about what possible plans do you have for this?
Mr TEN: Indeed NFT’s are very popular right now, and I do feel that we could possibly have capitalized it, it is not our main purpose.
 
We launched TEN Finance as a yield optimizer to improve the yield farming experience and making it simple, so I think we’ll continue on this path, this is the plan as of this moment right now
Which doesnt mean we wont make changes later on perhaps, but as of now, this is it
However, we will, from time to time, partner with others, that are specialist in the NFT space to create limited time NFT’s of TENFI!
 
We already did this with scv.finance (https://scv.finance/nft/claim)
So I think we’ll have some more of these type of events coming up
Phuc: I am very much looking forward to TEN Finance to launch new events in the future, I took a look at TENFI price this morning, pumping and growing very strongly

Mr TEN: hehe…we like to have a stable and steady growth  if we can
Question 2: @Hung230407
In a project, investors buy tokens that are likely to increase in price in the future. I see, the total token supply is huge. So do you have any plans to burn tokens in the future to reduce token supply and increase.
Mr TEN: Our tokenomics were taken into consideration with everything in mind and while the maximum supply of 256M is not huge nor small, we do have a very good emissions rate on a daily basis, which allows for longevity and sustainability of our ecosystem
You can see more here
 
https://tenfinance.gitbook.io/faq/protocol/tokenomics
we do have burn mechanism in place from the rewards generated and that can be seen here for the number of TENFI burned
https://bscscan.com/token/0xd15c444f1199ae72795eba15e8c1db44e47abf62?a=0x000000000000000000000000000000000000dead
So it will take another 5+ years for our token supply to diminish and we’ve got plenty of new features coming up that will allow for true utility of the TENFI ecosystem and with the YIELDEX suite we’re launching soon being one
Phuc: Great, do you plan to burn more in the future?
Mr TEN: its a possibility, but I think with our upcoming YIELDEX and TEN Lots, the burn wont be a factor
projects use the “burn” method to reduce supply in hopes of “price increase”
to be quite honest with you, it is not that effective
true price appreciation comes from utility
Question 3: @JkDog8
 I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?
Mr TEN:
This is a great question and one that sometimes many projects don’t take too serisouly…
 
Security, since day 1 has been quite important for us and this showed when we had an audit done by Certik pre-launch in March of this year, we were probably the first, if not one of the first projects to use a big name auditor pre-launch, so this tells you the amount of importance we put on security
 
Our contracts are all derived from previously audited and hard tested contracts and thus we feel comfortable with our system
 
our website has withstood tough tests of even some whitehat hackers testing the vulnerabilities of taking down our website to no avail, which is another thing we implemented even before Pancakeswap ever did!
 
Our current YIELDEX smart contracts will be finishing up their audit through Peckshield in the coming week(s)
 
We will also have a bug bounty program of $100K USD starting with Immunefy upon completion of the latest audit by Peckshield
 
Question 4: @Justate17064662
Each project created has its own mission and goals, so what are ‘TEN Finance’ ‘missions and goals in the future? How important ‘TEN Finance’ will be to everyone in the future ?
 
Mr TEN: I think that with every project, a good, solid roadmap is key and more importantly is the work that is put towards that roadmap to ensure it comes to fruition
 
https://tenfinance.gitbook.io/faq/protocol/roadmap
 
I also think that the best way to learn more about our mission, goals and future is to read our roadmap and more importantly, these 2 Medium articles that gives you a clear indication of my mindset as well as the direction which TEN Finance is headed
 
https://medium.com/tenfinance/ten-x-future-f0d44048f1a
 
https://medium.com/tenfinance/ten-x-road-ahead-210b4803981d
 
I think that with these 3 references, you can see a lot of what we’re doing and more importantly, where we are going and one step at a time, we’re getting to our goals 🙂
Question 5: @mnh_390
You said BSC has the potential to surpass Ethereum Network and that having TEN on BSC makes the process of user adoption much easier. However, as your project expands, wouldn’t you consider cross-chain technology?
Mr TEN: Yes, I think when I said this, I was coming from the perspective of user adoption
And we can contribute Binance to this one in particular as it does allow for many the name recognition with “Binance Smart Chain” and this brings a level of comfort to many that want to integrate cryptocurrencies to daily routine, which is needed to bring adoption to the masses
I feel that since crypto, let alone defi has a long way to go before mass adoption, we’re certainly headed in the right direction as it is becoming more available, including for us which we’ll soon launch a fiat on-ramp where people can buy TENFI on our website directly via credit card, which many projects don’t allow just yet and we want to be the gateway to defi by allowing people to fully utilize the TENFI ecosystem
but with all that said…
Current cross-chain technology I think has room for improvement
and once this improvement happens, then we can perhaps go directly cross chain and become “chain agnostic” meaning whether BSC, polygon, eth or avax or anything else
it wont matter and that cross chain transactions will not be risky
look at the whole polynetwork debacle and while it was an interesting twist of events from bad to “ok” it was still an incredible lesson for the entire defi sector in that we are not yet ready for that simplistic cross-chain features that we are lacking and I think that can be good for the community in the end to see the vulnerabilities it has and had and hopefully lead to safer technology and much needed improvements
Part 3: Guests will choose 5 best live questions from members to answer directly in the group.
Q1: Is your platform suitable for Crypto beginners? Or does it only appeal to professional users? @Sangdz
Mr TEN: TEN.finance was built with beginners and non professionals in mind, therefore we feel that User Interface and User Experience is important in being simple and easy to use
 
Q2: Local community and what are the plan for awareness of project where english is not spoken? @yeimau
Mr TEN: we plan to incorporate local, native speakers to administrate/moderate the groups and will do so in translating our documents
the first step was also translation of our website to Vietnamese
https://app.ten.finance/vi-VN
 
Q3: Can you explain, which one is your top priority? Security, Product, Partnership, or Token price? @dungka
Mr TEN: our top priority, since day 1 has been security of our platform as we have continuously shown to our community, the others, product, partnerships and eventually token price will follow
Q4: Hello sir,
What benefits will token holders have? 
@shifat045
Mr TEN: the upcoming YIELDEX and TEN Lots that we will launch will allow for TENFI holders to earn passive income
you can see a brief explainer here… https://www.youtube.com/watch?v=7TOhNp17KDY
 
Q5: Non-crypto user is very important for mainstream adoption. How you are planning to attract non-crypto users towards your project? Is there any upcoming partnership that will brings non-crypto user and real-use case? @GenevaPortillo
Mr TEN: I answered this previously, but will do so again
as I think it is very important
non-crypto users coming on board is important to the entire crypto community, and the first step is fiat on-ramp
which we are doing so and will launch within the next week or two at most
and thus, users, globally, will be able to purchase TENFI tokens directly from our website
without the need to go through an exchange
and thus these type of solutions will be a great way to bring on non-crypto users and by having a simple UI/UX like ours, will allow for easier adoption
Phuc:
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Website: ten.finance/
Telegram group: t.me/tenfinance
Telegram group VN: t.me/tenfinanceVN
(https://t.me/joinchat/lVFKrRzzPmQyZjg5)Twitter: https://twitter.com/TENfinance
@tenfinance_admin Thank you for joining us in the AMA, we hope that the members have enough information about the project, there is not much time left, it’s time for the group to work again.
Mr Ten: thank you for having me, its been a pleasure and I hope to see many of you in our group as well