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We were delighted to welcome our guest from ASVA. The AMA took place on October 18th, 2021 and our guest was @Naidupolygar .
Part 1?—?introduction and questions from the Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce AMA with ASVA
Gold Rocket | Satoshi Club: Today our guest is @Naidupolygar
Gold Rocket | Satoshi Club: Greetings @Naidupolygar
Welcome to Satoshi Club
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Hi, my name is Mallikarjuna Naidu. I am the CEO of Asva labs. Thank you for allowing me to present Asva Labs to the satoshi community. I am glad to answer all your questions
Gold Rocket | Satoshi Club: Nice to e-meet you
Andres M. | Satoshi Club:Nice to meet you
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: thank you !
Gold Rocket | Satoshi Club: We are really excited about upcoming AMA, and what about you?
Andres M. | Satoshi Club: Our pleasure
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: im too super excited
Gold Rocket | Satoshi Club: Thanks for joining
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & ASVA
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Of course. I started exploring blockchain and crypto early year 2017 , went few of public conferences , studied many of blogs to get understand about this new emerging technology , i imagine the true power decentralization future by seeing major players and industry growth then I started organize mulitple meetups to spread education , industry updates , talks about trending topis of industry to the technology enthusiasts and started building communities
i was Worked with some of crypto statups was taking role of growth and marketing developments , That hands-on experience with how profitable the industry can be, made me a crypto evangelist. Over the years, I have served as a growth advisor to some crypto projects and invested in more. i dive into DeFi and NFTs with much enthusiasm and explored to find the missing points that DeFi need to address , started Asva finance with my experience and visionary team to build interoperable web3.0 ecosystem by levaraging multi-chain capabilities we are building our ecosystem per DeFi , NFTs and Metaverse by asva products
Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of ASVA?
Gold Rocket | Satoshi Club: Great crypto background
Andres M. | Satoshi Club: Great experience
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva Labs is an innovation lab that catalyzes the Web 3.0 revolution through interoperable, decentralized applications. Our ecosystem includes a premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols and a launchpad & DAO funding platform dedicated to NFT, metaverse, and GameFi projects. We also have a metaverse product in the pipeline.
Our aim to fuel introperable web3.0 revolution
Gold Rocket | Satoshi Club: these are quite ambitious goals
Andres M. | Satoshi Club: All trending topics in one project
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: of course
Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from ASVA
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: We completed the development of Asva Finance Beta V1 and V2 in Q3 2021. Currently they support multi-chain yield farming and token swaps on BSC, Polygon, and Ethereum networks. We have integrated PancakeSwap on BSC, Uniswap on Ethereum, and QuickSwap on Polygon to enable multi-chain token swaps. In the coming versions, more blockchains and functionalities will be integrated to take the platform to a wider audience.
Asva Finance IDO will be held on CardStarter, the world’s premier launchpad for Cardano projects. This will mark one of the most important milestones in our journey redefining DeFi for the masses.
The research & development is in full swing to launching our poduct upcoming visions , we have closed some key strategic collaborations, and a lot of interesting events were launched to stir the community.
Asva Ventures product development is nearing completion.
Asva Launchpad will be integrated with BSC, Polygon, and Ethereum networks in the initial stage. It will host IDOs, as part of extending fundraising assistance. Along with that, metaverse projects will be able to conduct virtual land sales from Asva Launchpad. We intend to make the IDO token allocations accessible to retail investors and the Asva community.
Andres M. | Satoshi Club: Excellent introduction, thank you so much. Now we are even more excited to learn about the project. Are you ready to go with our first community question?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments:
Gold Rocket | Satoshi Club: great milestone for project
Q1 from Telegram User @JesusFre1tes
The unique tokens that have been spearheading the DeFi movement for quite some time. Developers and cryptocurrency enthusiasts are exploring NFT use cases across industries. But still these types of assets have not yet reached the adoption needed for expansion within the decentralized ecosystem. What is Asva Finance doing differently to make such assets adopted, attractive and useful for all users whether artist, creator, developer, gamer or collector? How will NFT allow you to monetize all contributions?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: as i said Asva Labs is building interoperable, decentralized applications for web3.0 by leveraging multi-chain capabilities . Our first ecosystem product, Asva finance, is built for the DeFi space. It is a multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols on a unified interface. We will have an engine on BSC or Polygon which will connect to different chains via chain-specific routers through bridges. Those routers will connect to different yield farming protocols and other AMM protocols on that chain. the interoperable DeFi dashboard gives a bird’s eye view into 100s of DeFi protocols and offers lending, borrowing, yield farming, investing, and portfolio management from one unified interface.
Yes, we also launching a product dedicated to the NFT, metaverse industry . It will be out in Q4 2021. The platform will empower creators, players, and builders to monetize their virtual creations with some unique value propositions. For starters, it will feature play-to-earn functionalities, in-game trading, virtual 3D creations, and an NFT marketplace.
Our team is working on the developments. More details about the platform will be announced to the community in the coming weeks. So, make sure you have joined our social media groups for the latest news and updates.
Gold Rocket | Satoshi Club by the way, please tell us about your team? who helps you build this project?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: yes , As i told my about my self i will introduce my other core team
Kumarvel ,CTO
Experienced professional holding immense expertise in subject matters relating to blockchain technology, cryptography, cloud computing, and Information technology services. A leader with several years of experience, Kumaravel’s strengths lie in Strategizing, Architecting, Analysis, Designing, Requirements Elicitation, and process modeling. He has led projects at various cross?—?functional fronts solidifying their technical stack. Here at ASVA, Kumaravel aims to upscale by building cutting-edge technological solutions in the DeFi space
Sumit gupta , Product manager
Experienced professional with a demonstrated history of working as Product Manager for over 16 years with corporate giants such as TransUnion CIBIL, HSBC, JP Morgan, Nomura, Lehman Brothers & CCIL. As a Blockchain Evangelist and Design Thinking Practitioner, Sumit aims to revolutionize the blockchain and crypto space with his dynamic product management experience, powering innovation
Additionally, we have a team board Strong developers , marketing teams and advisors holding large exposure with Defi and NFTs space made real-time Dapps developments and marketing operations
Gold Rocket | Satoshi Club: Real dream team
Gold Rocket | Satoshi Club: Thanks for your answers! Ready to proceed to the next question?
Andres M. | Satoshi Club: Great team behind a great project
Q2 from Telegram User @Pavel_Jarosh
Let’s talk about Asva Ventures which is a multi-chain fundraising firm that brings together promising projects and retail investors with a focus on the NFT, metaverse, and GameFi space. Please explaing the requirements for such “promising projects” to be selected and sponsored? Are they defined by particular sectore of operations i.e. finance, gaming etc.? At what stage is Asva Ventures launch at the moment? Thank you!
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Interesting question.
We have designed a due diligence framework for vetting applications. The key factors we will look for are the potential of the project in the evolving market conditions, the robustness of the whitepaper vision, and the credibility of the team behind the project. A primary round of evaluation will be followed by meticulous research and interviews from our team as well as our partners’. We look into the problems addressed by the project, the technical framework, markets targeted, product viability, business model, go-to market strategy, tokenomics, and the token utilities during different phases of evaluation. We offer a suite of frameworks for the growth and expansion of vetted projects. This includes a multi-chain launchpad, incubator, and accelerator.
To answer your second question, yes, they will be defined by the sector of operation. Web 3 projects in the Metaverse, GameFi, and NFT sectors are welcome to join.
Asva Ventures product development is nearing completion. The audit is in progress. Once the report is out, we will publish it on our social media pages and give official update to the communiyt . We are planning to launch the product by the mid of november . please get ready for big launch
Gold Rocket | Satoshi Club: Please tell us more about used audits
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva token contract has gone through a comprehensive security audit from the leading blockchain auditing firm, Quillhash. No hidden vulnerabilities, logical bugs, authorization issues, arithmetic over/under flows, or room for private data leaks were found in the codes. They are coherently written following industry best practices. Asva Launchpad is going through a dedicated audit to make sure that our product is safe and secure for use. It will be announced to the community through our Medium and other social media pages with a link to the report.
Gold Rocket | Satoshi Club: Great job
thanks for sharing
Gold Rocket | Satoshi Club: Safety first
Gold Rocket | Satoshi Club: Thanks for your detailed answers
Gold Rocket | Satoshi Club: Let’s proceed to the next question?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: of course that is our top consideration
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments:
Q3 from Telegram User @DK177
There are three types of participants in the ASVA virtual ecosystem, creators tokenize their creations, collectors purchase them, and players perform several activities using $ASVA. My question is, how can we get the best from ASVA? Should we become a creator, collector or a player? Further, can a single users be a creator, collector and a player at the same time? You have mentioned that collectors can buy digital arts and digital collectibles from creators whereas players can play games, take a tour of our galleries, and host meetings using $ASVA. Can’t these two groups earn $ASVA in the virtual ecosystem?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: We have a metaverse product coming that will revolutionize the virtual world economy. These features you mentioned come under that product. It is still in the development phase. We will announce more details in the coming weeks.
But to answer your question, depending on where your interest lies, you can become a collector, creator, or a player on the platform. If you have the skills, of course you can be all three. Creators, players, and collectors can monetize the ecosystem.
Andres M. | Satoshi Club: Different ways to earn profit, excellent. Btw, talking about your coming products, could you share us your roadmap?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: of course , please read about our products launch timeline we recently publish Q4 2021 targets https://asvafinance.medium.com/asva-labs-roadmap-q4-2021-d3b15386398a
Gold Rocket | Satoshi Club: Thanks for sharing
Gold Rocket | Satoshi Club: And many thanks for your answers
Gold Rocket | Satoshi Club: Ready for the next question?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments:
Andres M. | Satoshi Club: Let’s go
Q4 from Telegram User @Cheriemike
Soon you will have your IDO hosted by Cardstarter,but you didn’t give more information about it.Why did you choose Cardstarter since its a launchpad for Cardano projects even though ASVA is a multi-chain project? So have a specific date been fixed for the IDO event?If yes,when will it be?In other to avoid manipulation of token prices by whales/investors who hold large amounts of tokens,will there be limit to buying tokens in the IDO?What cryptocurrences will be used to participate in the IDO?Please kindly share with us the massive giveaway campaign with a prize pool of 10,000 $ASVA tokens to celebrate your ecosystem strategic collaborations you have made since inception,are Satoshi Clubbers allowed to participate in it? Thanks
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Yes, you are right. Asva finance is built on multi-chain . However, we have chosen to go under Cardano’s label for the IDO. We see immense potential in the blockchain ecosystem proposed by Cardano and how the project is evolving, keeping in line with their vision. Also, CardStarter is a brilliant platform with an amazing community.
The IDO dates will be announced soon. Be on the radar.
Our strategic vesting schedule help us avoid token price manipulations. We have a strong community that will stabilize the prices over time through staking and LP rewards that we are schedule to launch after TGE before Asva launchpad and asva finance V1, V2 products launch
Yes, the allocations will be limited as defined by CardStarter. supports ETH and USDT.
Yes, the Satoshi community is welcome to participate in our ongoing giveaway. Find more details here:
Gold Rocket | Satoshi Club: Don’t forget to share IDO date with Satoshi Club please
Gold Rocket | Satoshi Club: Don’t miss great opportunity Satoshi Clubbers
Andres M. | Satoshi Club: Thanks for the invitation, let’s participate Satoshiclubbers, great prices to win
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: of course , don’t miss out the special giveaway from Asva
Andres M. | Satoshi Club: Time to proceed with our 5th question, our community wants to know about your partners
Q5 from Telegram User @victorogb
I noticed you have accumulated a list of very impressive partners and investors which includes the likes of Oddz finance, Kylin network and more. Can we know how these formidable alliances and partnerships has immensely benefitted ASVA Finance, what features and requirement do you consider most important when choosing these partners and investors, and what sort of benefit does these alliances give your community? Finally, going forward with respect to project expansions and forging meaningful alliances, what should we expect, what are your plans for this quater and Q1 2022?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Partnerships are always great. Especially in the decentralized ecosystem we are working in. When collaborating, we look for strategic value propositions that improve our product functionalities and add value to our community.
We have partnered with some of the top-tier projects in the industry including Kylin Network, Parsiq, Kardiachain, Unmarshal, Oddz Finance, Raze Network, and HyperSign to expand product features and functionalities. We are also looking forward to adding more marketing partners to the list.
The integrations and benefits from the partnerships will be determined by the phase of product development.
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Find more details about the partnerships here:
https://asvafinance.medium.com/asva-labs-quarterly-recap-q3-2021-4f2e6e30f670
Gold Rocket | Satoshi Club: They are great partners, many of them were at the AMA in Satoshi Club too
Andres M. | Satoshi Club: Congratulations, great names there
Gold Rocket | Satoshi Club: Thanks for your answers
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Find more details about our future roadmap:
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: thank you
Gold Rocket | Satoshi Club: Big thanks for you
Andres M. | Satoshi Club: To you, it seems 2022 will be a fantastic year for you
Gold Rocket | Satoshi Club: Let’s proceed to the last question of this part
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: of course , we are heading up with top product line up
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments:
Q6 from Telegram User @yellowchamp
According to your medium article that after a meticulous audit, the mainnet of AsvaLabs will be launched in Q4 and in the upcoming versions, the interoperable DeFi dashboard will feature lending, borrowing, investing and some advanced yield farming functionalities from one unified interface. So,can you give some brief overview about your upcoming feature which are the lending, borrowing,investing and some advanced yield farming of your platform? How would be those features will compete with some features of other platforms? How would it give a good passive income to investors? Thank you
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva Finance mainent will be launched in this quarter with multi-chain yield farming and native staking functionalities. In the upcoming versions, we will feature multi-chain lending, borrowing, and portfolio management as well.
There are a few players in the market who work around similar concepts. However, we are building a DeFi aggregation engine that offers advanced money market services from a unified interface by focusing on multi-chain integration. This is unlike anything the market has seen before.
The multi-chain solution optimizes and automates yield farming strategies for users. It will route the best yields on top DeFi protocols on different networks from one interface, empowering them to make research-backed decisions. We will have an yield engine on BSC or Polygon which will connect to different chains via chain-specific routers through bridges. Those routers will connect to different yield farming protocols and other AMM protocols on that chain. This advanced routing mechanism sets apart Asva Finance from other market players.
This way, you no longer have to scout around for efficient protocols and yields.
Andres M. | Satoshi Club: Excellent strategy, it will increase that adoption of AVSA between the users
Gold Rocket | Satoshi Club: this is a really unique concept. you are great for not just following crypto trends, but also setting trends yourself !!!
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Talking about passive income, there are several ways you can earn on Asva Finance. Yield farming is first. However, we also feature native staking where you can stake your ASVA tokens and LP tokens from ASVA pools on Asva Finance to earn high APY. ASVA staking will be offered on Asva Ventures too. In addition to rewards, it will give you access to listed IDO allocations if it meets the tier requirements.
Q1 from Telegram User @King_Raja
On ASVA Launchpad,
What Opportunities Various project will have?
What all events will be there on the Launchpad?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva Ventures multi-chain fundraising and DAO fundraising platform. It expedites the development of next-gen projects in NFT, metaverse, and GameFi by giving retail investors access to the primary market. Our launchpad will host IDO and IGO for emerging projects. The users will have access to a public IDO based on a tier allocation model that guarantees token allocation. For community rounds, we will launch events and competitions where members can complete various tasks to qualify for the random allocationsQ2 from Telegram User @Marcos2002
In Your Medium article I Found that Asva is conducting a massive giveaway campaign with a prize pool of 10,000 ASVA token , Can you please tell Me How Can I Participate in this Giveaway campaign ?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Yes, we are conducting a massive giveaway campaign worth a prize pool of 10,000 $ASVA tokens to celebrate the ecosystem partnerships we have made since launching. You can participate in the giveaway by completing a set of tasks.
Please find more details here : https://twitter.com/asvalabofficial/status/1449288476449378304
Q3 from Telegram User @Tony253210
One of the best things about Asva Labs is its compatibility with several chains, so can you mention which are the all chains that you support? Also are you able to support Non-EVM chains?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva finance aims to power mulit-chain DeFi adoption. Currently we support top three EVM supported chains BInance, Ethereum, and Polygon. In the upcoming product versions, we will integrate non EVM chains also Solana and Polkadot.. etc
Q4 from Telegram User @Rinhere
As Asva Finance V1 & V2 beta Product Mainnet is ready to launch,
Please provide more information on this?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Yes, of course.
Asva Finance Beta V1 and V2 support multi-chain yield farming and token swaps on BSC, Polygon, and Ethereum networks. We have integrated PancakeSwap on BSC, Uniswap on Ethereum, and QuickSwap on Polygon to enable multi-chain token swaps. In the coming versions, more blockchains and functionalities will be integrated to take the platform to a wider audience.
We are ready to launch mainnet after in coming months Q4
Q5 from Telegram User @satishgmr
Two Products that I see are
Asva Finance
Asva Ventures
Can You give a short introduction on these Products?
What other products are in Pipeline?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: You are right.
The first product, Asva Finance, is dedicated to the DeFi space. It is a premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols. The interoperable DeFi dashboard gives a bird’s eye view into 100s of DeFi protocols and offers lending, borrowing, yield farming, investing, and portfolio management from one unified interface.
Coming to Asva Ventures, it is a multi-chain fundraising platform that brings together promising projects and retail investors with a focus on NFT, metaverse, and GameFi spaces. The key defining features of the platform would be DAO and funding frameworks. From an incubator to an accelerator and a launchpad, it offers different ecosystems to help listed projects take off and scale to their full potential while opening up the primary crypto market to retail investors.
We have a metaverse product in the pipeline that will revolutionize the virtual world economy we will have updates about this in upcoming weeks
Q6 from Telegram User @Nhairym
Tell us about the ASVA roadmap for this fourth quarter 2021 and what we can expect from your project for the upcoming 2022, what will be your next updates and incentives and motivations to attract new participants and maintain an attractive and comfortable platform for your initial investors, which Have been the milestones and achievements raised that you have managed to solve, tell us a little about the Asva Wizard Program and how it could influence the growing and fierce cryptographic culture?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva Finance IDO is scheduled for launch in October. We also have some exciting product updates, events, launches, programs, and partnerships underway.
Check out the complete roadmap for Q4 here: https://asvafinance.medium.com/asva-labs-roadmap-q4-2021-d3b15386398a
Asva Wizard Program incentivizes crypto influencers?—?social media communities, bloggers, vloggers, designers, clubhouse speakers, growth hackers, advisors, KOLS, and anybody who has been contributing to the growth of thriving crypto sectors like DeFi and NFT?—?to take the platform to a wider audience.
You will find more details about the program and the application form here: https://asvafinance.medium.com/introducing-asva-wizard-program-exciting-opportunities-await-crypto-influencers-106c98e8b7c2
Q7 from Telegram User @mobilejii
I see you have an Security Audit in roadmap too. But I couldnt find any Audit report. How can we be sure your smart contracts is free from hidden bugs and vulnerabilities?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: yes ! please check here audit status Asva token contract has gone through a comprehensive security audit from the leading blockchain auditing firm, Quillhash. No hidden vulnerabilities, logical bugs, Asva Launchpad is going through a dedicated audit to make sure that our product is safe and secure for use. It will be announced to the community through our Medium page with a link to the report.
Check here ou token contract audit report from our Document file
https://asvalabs.gitbook.io/asva-labs/
Q8 from Telegram User @ashwini_Crypto
Asva Finance has planned for an IDO on “CARDSTARTER”,
Why did You chose CARDSTARTER for the IDO?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Asva finance is a multi-chain platform. However, we have chosen to go under Cardano’s label for the IDO. CardStarter is a brilliant platform with an amazing community. Also, we see immense potential in the blockchain ecosystem proposed by Cardano and how the project is evolving, keeping in line with their visions.
Find more insights about the IDO launch here: https://asvafinance.medium.com/asva-finance-ido-will-be-held-on-cardstarter-671e7283fc34
Q9 from Telegram User @rosary_23
I Found that Currently AVSA has integrated PancakeSwap on BSC, Uniswap on Ethereum, and QuickSwap on Polygon , Is Users Can expect More blockchains and Liquidity pools in Coming future ?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Of course. We will integrate more liquidity pools, other AMM protocols, and support blockchains networks during different phases of product development to give a wider range of functionalities and different network benefits to users.
Q10 from Telegram User @vector_190
On Your Platform, Do You plan to bring Borrowing & Lending features for users?
Naidu Mallikarjuna | CEO Asva Labs will not DM per investments: Yes. Asva Finance offers multi-chain money market services by leveraging top DeFi protocols. The current product version features yield farming and native token staking. The upcoming versions of Asva Finance will feature lending and borrowing along with portfolio management.
In the final part we tested your knowledge in terms of ASVA. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
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