On July 8th 2021, our community had a chance to welcome Uprise Finance – Founder Of Uprise Finance to join in an AMA to give fruitful information about the key features and roadmap of Uprise Finance – a hyper deflationary token, rewards its hodlers while incorporating their automatic buy-back approach.
Time: 13:00 UTC / 20:00 UTC +7, Thursday, July 8th, 2021
Airdrop: 100 USDT for the best questions in the AMA..
Part 1: Project and Guest Introduction.
Question 1: Firstly, can you give me brief introduction about your management team and Uprise Finance?
Yes of course. Uprise is a yield farm optimizer. We focus on getting our users the best APY across many different pools. First we start off on BSC and then slowly roll out more and more pools. We have a max supply of 100,000 which makes the UPR native token very valuable over time.
For the team we have a very nice set up as well. We have a marketing division, development division and a finance division.
Question 2: Please share a few major milestones of Uprise Finance during its development process.
Sure. We’ve been deploying our pools on the test net and have been working closely with a few partners we will annoy e soon to help us roll out our APY algorithm. We are pretty much set to launch already we are just waiting for pancakeswap to reach us so we can finalize having allocation in their syrup pools.
Another milestone we’ve been able to accomplish is bring on a great marketing team and even bring on some expect blockchain developers to help scale development faster.
Question 3: Could you share with us your plan to expand locally as well as globally?
Yes our plans to expand globally will start off with mini promotions like this AMA and then we will be doing a massive press release run. We will be partnering with some YouTube Personalities to bring more awareness to the project in general. To expand globally we are building a team and setting up different language channels and we want to really tackle the Asian market first. That will be our big goal for when we launch.
Part 2: 5 questions pre-collected by Twitter post.
Q1: Does your project support staking program? If yes, how is your stake system work? what is the requirement for users if they want to stake in your platform? @nguyn89980749
Yes we have native staking with the UPR token releasing and then we go live with 4 pools. You can stake UPR token with 4 different pairs giving you different rewards for each pool. Staking will give you rewards depending which pool you stake in but as Long as you hold UPR you’re going to do very well long term.
Q2: A big problem for a lot of Defi projects seems to be that when farming starts, the price goes down because people unload to put liquidity into the farm. Will there be an incentive to hold and not just farm and dump? @Jaki73364096
Great question! Our supply is capped at 100,000 which will drive demand through the roof. The incentive to hold is that if you dump you lose the price UPR opened (or you purchased) at. Most DeFi projects mint more tokens as needed. We mint a max supply EVER will be circulating will be 100,000.
Q3: A strong community not only brings interesting ideas to the project but also attracts larger partners. So how #Uprise planning to build its community? And is there a plan to recruit people with Blockchain experience to the #Uprise team? @intinten_xi
We plan on building many partnerships for our pools with many different projects that need liquidity provided. We have already started our search for more experienced blockchain experts to add to the team as we plan on expanding very soon! We just wait for Pancakeswap to approve us for syrup pool and then we can launch and scale.
Q4: Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project? thank you…. @Cn_huhapo
Oh yes the dev’s are VERY experienced blockchain developers. There was a very strict application process for our development staff and every single dev on our team have provided us all
Their public information such as where they live and ID cards. We trust the dev team as they have worked perfectly together already and have deployed on test net. Plus we are getting audits when we go live to ensure the code is flawless.
Q5: How does project evaluate the investor’s role in your project? How does project deliver optimal returns for both projects and investors? Can I generate passive income with Your project? If so, please share about this issue? @PrinceReza007
Another great question. Yes you can earn passive income as an investor because as you stake in pools you get rewards for providing liquidity. Every single transaction that happens you get a % of so when you withdraw from the pool you get to withdraw earnings. As a project we take a small fee of the earnings we make you as our compensation. That’s how we are able to scale and get more development and marketing capital to expand.
PART 3: 5 LIVE QUESTION AT TELEGRAM GROUP BC BLUE SKY VENTURES
Hello @uprisefinance I have a question how do you plan to attract users, incentivize them in the early stages of deployment? @BobbyeReynolds
Good question we aren’t looking to incentivize anyone we are looking for investors that see a clear vision in what we are trying to do which is because the biggest name in the DeFi yield farm space. This will come with time but that is why we decided to have such a limited token supply to reward holders greatly over time.
Good day @uprisefinance Those Investors & Partners, who have invested in how will you make sure that they get good returns & how will you Protect the Busy for them? @BlondellDover
Right now no one can invest as we aren’t live yet. We are making sure that marketing is ALWAYS up to date and we are constantly going to be pushing marketing efforts so that we can go ahead and build a lot of attention and awareness around project. As you can imagine the more awareness we have around the project that means the more people will want to join. However we also want to make sure that we’re providing an incredible product as well.
Hello @uprisefinance I have a question Why should I invest in your token; do you guarantee I’ll be profitable? @BobbyeReynolds
We never want to guarantee anything as we can’t offer financial advice. What I will say is that long-term holders will be rewarded very greatly. Remember our token economics are set up in a way that will allow our long-term holders to be very profitable. We put our investors first by making sure we have an incredible development team that is constantly perfecting and working on the product.
Good day @uprisefinance Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term? @BlondellDover
Great question. As the project grows and we start rolling out new pools the token will only gain value because of how many new users it will attract. The best part about our project is that we are very focused on the investor and making sure their investment stay safe over the long term. As a team we have decided that if we need to burn our team tokens in order to decrease the supply which is already limited that is some thing we would be willing to do. However we don’t see that as a necessity any time soon. And remember if you look at the token economics we have a vesting period Over a very long time.
Is Uprise available for the global people or It’s limited for some area? If it’s globally available are you guies planing to introduce it globally? @Kangaha
We plan to introduce it globally. This will be a token that anybody can go ahead and get their hands on.
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:
Telegram Channel: https://t.me/official_uprise_finance
Telegram Chat: https://t.me/joinchat/7O4q3sWb0bk1ZTkx
Recap AMA With Uprise Finance
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