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    Recap AMA With BEYOND FINANCE

    On June 27th 2021, our community had a chance to welcome Marco – Head of Strategy at Beyond  to join in an AMA to give fruitful information about the key features and roadmap of Beyond Finance –  A decentralized platform for creating and trading synthetic financial products.
    Time: 11:30 UTC / 18:30 UTC +7, Sunday, June 27th 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 Beyond Finance ?
    Marco:
    Lets me introduce myself shortly follow by the team
    My name is Marco I’m Head of strategy at
     
     
    I’m  based in Tokyo Japan
    Before crypto, I always worked in tech, first as a web dev ,then full stack dev related to big data. I got into crypto in late 2012 and traded until 2014, then returned to crypto fulltime in 2017 as project Advisor and consultant.  Then from 2018 started to work closer with core teams to BUIDL as they say.
    Question 2: Please share a few major milestones of Beyond Finance during its development process
    Marco:
    Regarding milestones.
    Beyond DEX Beta version is soon to be available for closed testing that’s a major accomplishment in the right direction.
    Chainlink Partnership
    MXC and Ascendex good quality CEX listings were also very important for BYN holders.
    And just today announcing the HUOBI VENTURES strategic investment with BEYOND . This will directly synergize our future DEX platform development .
    Question 3: Could you share with us your plan to expand locally as well as globally?
    Marco:

    Beyond Finance is based in South Korea so we definitely have serious ambition to work with the local financial sector but regulations are still being implemented  as we speak, so for the short term we are looking at the global market for 2021.
     
    And to make this global goal successful  we have already our strategic partners and VC based in Singapore , EU , USA etc
    Questions for Part 2 – Pre-collected questions from Twitter:

    Q1: Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about? @nguyn89980749

    Marco:
    Beyond DEX is built by a very experienced team, they have build top FX trading and Stock trading platforms. Our DEX  the UI/UX is and advantage. We have our CHAINLINK partnership that puts us with the leaders in terms of synthetics assets offering.
    Q2: Beyond Finance plans to launch its own exchange in the near future.Regarding the type of trades you plan to incorporate in it, are you going to include trading between all types of tokens, or only those between stable coins and project tokens that have a good amount of liquidity? @KimJongkr
    Marco:

    Location
     
    Beyond Finance is based in South Korea so we definitely have serious ambition to work with the local financial sector but regulations are still being implemented  as we speak, so for the short term we are looking at the global market for 2021.
     
    Partners
    And to make this global goal successful  we have already our strategic partners and VC based in Singapore , EU , USA etc
     
    Timing  to market
     
    Layers 2 solution are finally mature and ready. 2021 will be amazing in the DEFI space
    very Low gas , very fast.
    just a beggining
    Q3: Beyond takes an innovative approach that combines the usual Bid/Ask order book mechanisms with market makers. How does this model help solve the liquidity problems that many DEX suffer from today? What are the benefits for LPs? Does this model protect users from exploitation? @NguyenCongTua1
    Marco:
    The first version of  Beyond Dex has its own AMM (Automate Market Maker) and there is no issue of liquidity.
     
    The Staking is at the BYN level.  All traders must deposit (stake ) BYN as collateral to get USDb and trade on the platform.
     
    We will have LP (liquidity provider ) reward programs on separate Blockchain Ethereum Polygon HECO etc..
    Q4: Many of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to  long term? @daviorec_aem2
    Marco:
    Short term in crypto is like day traders in FX , not recommended.
    the story of Crypto is HODL.  I bought my first Bitcoin in 2012. but sold in 2014.
    I learned from my mistake.😱
    now to answer the question 😁
    Regarding BYN potential .
     
    The entire  Beyond DEX protocol is based on BYN as collateral.
    THere is a real demand for BYN. for every $1 in USDb traded on Beyond DEX there is $3 in value Staked in BYN .  Beyond holders, and the community, the VCs we all have the same interests to make our DEX growth a priority.
     
    The more traders use our DEX the more demand for BYN.
     
    Beyond DEX’s protocol is architect by Pro derivative traders so I’m very confident
    Q5: Doing my research about the Beyond Finance project i found that your project is based mainly in two tokens, Being the $BYN and the $USDb. Using The $USDb to trade other synthetics assets. While using the $BYN as a collateral and reward. How exactly will that system would work? @AtrsNha
    Marco:
    Besides a range of reputable Airdrop partners, AMA partners, Our project is audited by Certik – as you know – CertiK provides fast, rigorous, and affordable audits for smart contracts, blockchain protocols, wallets, ICO crowdsales. Through the strategic partership with Certik – We guarantee the transparency and liquidity of Apollo11 projects.
    PART 3: 5 LIVE QUESTION AT TELEGRAM GROUP BC BLUE SKY VENTURES
    Question 1:
    What pIans do you have to educate: raise awareness and appIy in the community to make more peopIe understand about your project and its technoIogy? How to get more attention from peopIe?
    Marco:
    Education , short tutorial , REWARDS.
    BYN rewards to get new traders motivated and get started.
    we value people time.
    Question 2
    “STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD USERS
    Does your GREAT PLATFORM have plan about Staking?
    Marco:
    YES
    we have STAKING rewards backed in the system .
    every BYN staked on the Beyond DEX gets 100% +  APY .
    you get rewards while you use and trade with USDb
    Question 3:
    I would like to know if you’ve completed any security audits? Perhaps by third-parties? We’ve seen dozens of hacks, exploits and stuff like that this year, What measures have been taken to protect Beyond Finance community from it?
    Marco:
    Security Security Security
    Crypto is empowering but also a scary place.
    Our team background gives us a great understanding of the security needed.
     
    multiple audit will be done. for every product major upgrade or changes
    Question 4:
    Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
    Marco:
    sad but true.
    I personally thing  locking the project liquidity is good start
    and team token Vesting is also good safety measures .
    Question 5:
    Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
    Marco:
    100 000 000 BYN  max .
    right now about 4.5-5m BYN in circulation.
     
    The Circulation and inflation number a very important for the DEX success.
    We have a good strategy to had liquidity relative to REAL demand . and also expansion with partners
    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:
    Twitter: https://twitter.com/beyondfinanceio
    Telegram: https://t.me/beyondfinanceglobal
    Website: beyondfinance.io
    Reddit: https://www.reddit.com/user/BeyondFinance_io
    Medium: https://medium.com/@bfinance
     

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