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Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from PufferDeFi and our guest, @PufferDefi1. The AMA took place on the 19th of September.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1?—?introduction and questions from the Telegram&WebSite
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with PufferDeFi! Welcome to Satoshi Club
Jonah
| Satoshi Club: @PufferDefi1, welcome to Satoshi Club! We are happy and excited to have you here today.
Puffer
: Thank you, it is my pleasure to be here.
Mary | Satoshi Club: Welcome here
How are you today?
Puffer
: Doing great buddy!
Mary | Satoshi Club: Awesome! So, let’s start our AMA
Could you please introduce yourself and tell us more about PufferDeFi?
Puffer
: I’m Frank?—?PufferDefi1 , the Chief Marketing Manager of PufferDeFi, a heavy De-Fi user and a crypto early adopter.
We are a team of 15 people from Asia, Europe, UK and USA.
Our team has been working in the field of cryptocurrency for many years and has experienced the ups and downs of the De-Fi industry.
Every member has a unique insight into the industry. We are well aware of the difficulties that users encounter in investing in the De-Fi industry and are committed to building everyone’s feel good platform. Every member of our team always maintains 100% enthusiasm to serve everyone, and can quickly solve the problems caused by each user.
PufferDeFi Finance is the latest Generation Yield Farm and AMM decentralized exchange running on BINANCE Smart Chain with lots of unique and creative features.
The current function of PUFF Token is mainly in farms and lottery, and planned community governance.
Mary | Satoshi Club: When did you start PufferDeFi development?
Puffer
: August 10, 2021
Jonah
| Satoshi Club: A very young project I must say.
Puffer
: Yes with a great team haha!
Mary | Satoshi Club: Gotcha! What about your team? Are you public or anonymous?
Puffer
: We are anonymous.
Jonah
| Satoshi Club: Any plans of revealing your identity?
Mary | Satoshi Club: Why have you decided to stay anon?
Puffer
: Many reasons, but first of all, for privacy and to allow us to focus and pay close attention to build PufferDefi and avoid all forms of distraction.
Mary | Satoshi Club: It makes sense
Thank you for your intro
Do you want to add something or can we go to the questions from our community`?
Puffer
: Let me just share two informations.
Jonah
| Satoshi Club: Go ahead!
Mary | Satoshi Club: Sure
Puffer
: We have recently launched a referral contest with a reward pool of $1000 each for 10 persons only. Crypto enthusiasts can leverage on this and earn from PufferDefi!
PufferDeFi project launches
on the 20th, of September 2021 on PancakeSwap.
Time: 12pm UTC
Note: it’s going to be a fair launch. Do not miss out
- PUFF is available on PancakeSwap v2 for Swap
- at noon UTC, Monday, 20th September 2021
- Farms
- and Staking
- Starts September 25 2021 at 11:00 UTC
Let’s get ready to go to the moon
PufferDefi?—?The latest generation yeild farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative elements.
- Website: https://pufferdefi.finance
- Telegram: https://t.me/pufferdefi
Jonah
| Satoshi Club: Thank you for sharing
Mary | Satoshi Club: Tomorrow will be a great day
Puffer
: Of course it will. PufferDeFi is a great project!
Mary | Satoshi Club: So, I think it will be interesting to know more about PufferDefi
We will start with first part of our AMA now!
Q1 from Telegram user @Rosane1a88:
PufferDeFi Finance is a latest Generation Yield Farm and AMM decentralized exchange which is running on Binance Smart Chain. What actually makes PufferDeFi a latest Generation Yield Farm DEX? The DEX market is currently over saturated, many platforms come and go with similar visions that end up not sticking to the demand of users, how is PufferDeFi able to generate engagement in such a competitive and ever growing industry?
Puffer
: Indeed the industry is competitive and ever growing, but here’s what we have to offer that is unique and amazing.
Based on our team’s many years of experience and a large amount of financial support, we firmly believe that we can complete every step of the roadmap, and gradually let the team achieve a healthy development model, and let the project enter the stage of healthy development, becoming a mature project.
Jonah
| Satoshi Club: Awesome
Puffer
: PufferDeFi
Mary | Satoshi Club: But what special do you offer?
Puffer
: Our biggest difference is that all deposited assets on the farm will be managed by the vault.
The proceeds from the vault will be used to BuyBack and Destroy PUFF and increase the liquidity of PUFF-BNB.
In this way, the transfer tax is replaced and the loss incurred when the user trades PUFF is reduced.
You will not notice these details when you deposit and withdraw, and the GAS fee is only 20% higher than that of a normal farm.
Obtaining revenue is the place that spends the most GAS, which will be handled by the development team.
The development team will obtain income once a day, BuyBack and Destroy PUFF, and add liquidity to PUFF-BNB.
Mary | Satoshi Club: I see, interesting solution
Puffer
: PufferDeFi
Mary | Satoshi Club: Btw ,please, share your roadmap with our users
Puffer
: Sure!
Kindly go through the link to see our roadmap: https://pufferdefi.gitbook.io/pufferdefi/roadmap
Mary | Satoshi Club: Thank you for sharing
Puffer
: You’re welcome
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Puffer
: Sure!
Q2 from Telegram user @DK177:
When examining ROIs of your pools, I wonder how do you generate profits to distribute rewards. For example, in BUSD pool, you offer 106284434.03% ROI for one day and infinity% ROI for one year. Further, in USDT pool, one day ROI is 75139610.44% whereas one year ROI is infinity%. Are these calculations practical? Due to these high rates, I feel that I must think twice before investing in Pools. How do you assure the stability of your project? Please explain about your income sources and help us to clarify our doubts.
Puffer
: Our ROI is calculated dynamically in real time. When the investment in the fund pool increases, the ROI will gradually decrease, so investors who invest first will have more benefits.
Our project has passed a large amount of financing. The early income includes part of the recharge fee, and the later period will include the cost of the district centralized exchange, the listing of mainstream exchanges in the future will bring us more returns. We firmly believe in this.
Mary | Satoshi Club: So, now it’s lower?
Puffer
: It is higher now, but when the investment in the fund pool increases, the ROI will gradually decrease. This means those who join early will earn much more.
Farm and staking will be launched on 25th and it is better to join before anyone else
Jonah
| Satoshi Club: Great! Will be excited to see PufferDefi in more exchanges.
Puffer
: Yes. We are in talks with exchanges like Coinsbit, Hotbit and Gate.io for future listings!
Mary | Satoshi Club: Wow, hope to see you there soon
Puffer
: PufferDeFi
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Puffer
: Yes!
Q3 from Telegram user @Ecmq10:
Hello PufferDeFi team! I read that you have a referral program where we can invite our friends to the PufferDeFi platform and earn rewards if they join the ecosystem! Is there a minimum number of referrals that we must have to receive our PUFF tokens? What must our referrals do for us to start earning rewards? Should they stake the PUFF token? I read that we will be earning 3% of the rewards they receive, does that mean that our reward is subtracted from their earnings? Can you clarify this for us? Thanks!
Puffer
: PufferDeFi Referral is a unique On-chain referral program that lets users earn $PUFF without depositing any tokens. You just have to refer other users to stake in Puffer Farms and Staking Pools and you will be earning 3% of the rewards they receive forever.
When the users you recommend are harvested, you will get 3% of the amount of PUFF they receive. These are extra gifts and will not reduce the amount of PUFF that you recommend users can harvest.
Mary | Satoshi Club: What about min/max number of referrals?
Puffer
: There’s no limit.
Jonah
| Satoshi Club: Great
Mary | Satoshi Club: Don’t you afraid that with such ROI and referral program we will see PUFF token price dumping?
Puffer
: No. Puff token will not dump!
Many of our features have the effect of maintaining the price of the currency. After a reasonable token model and a reasonable model design, it attracts more investors and keeps the project active for a long time. We will try our best to protect the value of investors’ assets in the long term.
Mary | Satoshi Club: I see
. Thank you for your answers! Ready to jump to the next question?
Puffer
: Yes!
Jonah
| Satoshi Club: I like your efforts towards price stability.
Puffer
: Thank you, PufferDeFi
Jonah
| Satoshi Club: Ready for the next question?
Puffer
: Yes!
Q4 from Telegram user @Asela1112:
PufferDeFi follows an anti whale mechanism in order to make sure to avoid high dumping situations on $PUFF tokens. What is the maximum amount that a single user can transfer at once? Does this mean that buyers also can’t buy more than the maximum transaction limit? In which way will the anti whale system be impacted on the PufferDeFi ecosystem? Will it be good for users or not, since the total supply of $PUFF tokens have been limited to 1000?
Puffer
: Transfer more than 1% of the total supply will be rejected (Max Tx Amount). As the total supply grows, this ratio will be reduced.
At present, each transaction cannot exceed 10 PUFF, and buyers cannot exceed the maximum transaction limit. The anti-whale mechanism will provide important guarantees for the safety of users’ funds and make timely predictions on the market.
Mary | Satoshi Club: I want to ask you one question about security of PufferDeFi, did you conduct any audits of your smart contracts to be sure that everything is safe?
Puffer
: Yes. Information about the audit is here with more audit planned: https://pufferdefi.gitbook.io/pufferdefi/security/audits
Jonah
| Satoshi Club: How will the supply continue to grow?
Puffer
: When farm launch.
Jonah
| Satoshi Club: 3 audits done and Certik (coming soon). Did you have any major issues detected in any of your audits?
Puffer
: None.
Mary | Satoshi Club: I see working link only for TechRate audit
Puffer
: Yes.
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Puffer
: Yes sure!
Q5 from Telegram user @Ajpaa:
One of the features of PufferDeFi’s ecosystem that cought my attention is the emergency withdraw function which is to ensure the safety of users assets if something happens to frontend such as a DDOS attack or a temporary outage. How does the emergency withdraw function work? How can users use this function? What are the general measures implemented to ensure safety of users assets and the ecosystem?
Puffer
: Yes, we have an emergency withdrawal function, please refer to the link below: https://pufferdefi.gitbook.io/pufferdefi/security/emergency-withdraw
Our project has undergone long-term internal development testing and security audits to ensure the safety of the code logic on the chain. After a reasonable token model and a reasonable model design, it attracts more investors and keeps the project active for a long time. We will try our best to protect the value of investors’ assets in the long term.
Jonah
| Satoshi Club: For what kind of events or scenarios will users be able to use the emergency withdraw function?
Puffer
: If there’s a temporary outage.
Farmers can still withdraw their tokens by direct interaction with the MasterChef contract.
Mary | Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?
Puffer
: Yes sure!
Q6 from Telegram user @yellowchamp:
Two of the unique and great features of PufferDeFi are the Automatic Liquidity and Automatic Burning. So, can you explain more about these two features in your platform? How does Automatic Liquidity and Automatic Burning work and being imposed in your platform? Is there any time schedule being set for automatic burning? How can anyone provide liquidity for this automatic liquidity in your platform? Why do you apply this automatic mechanism in PufferDeFi network? What are the advantages and impacts that Automatic Liquidity and Automatic Burning will bring to your investors, community and network, especially to the value of your tokens? Thank you.
Puffer
: The function of Automatic Liquidity and Automatic Burning is based on Vault Farms. The proceeds from the vault will be used to BuyBack and Destroy PUFF and increase the liquidity of PUFF-BNB. In this way, the transfer tax is replaced and the loss incurred when the user trades PUFF is reduced. The development team will obtain income once a day, BuyBack and Destroy PUFF, and add liquidity to PUFF-BNB.
Mary | Satoshi Club: So, live part incoming now and before we start I want to ask you to share your important social links
Puffer
: Ok!
- Join our Telegram community here: https://t.me/pufferdefi
- Visit our website for more details: Website: https://pufferdefi.finance
Jonah
| Satoshi Club: Thank you for sharing
Mary | Satoshi Club: Perfect!
And now be ready for the storm of questions
Let’s go
Part 2?—?live questions from the Telegram community
Q1 from Telegram user @Tosha2021:
Has the $PUFF token been launched? If Not, when can the token be activated? Can you share the initial value of $PUFF token with users? Are there any restrictions on the supply of $PUFF tokens? Can you share $PUFF token purchase link?
Puffer
: PufferDeFi project launches on the 20th, of September 2021 on PancakeSwap.
Time: 12pm UTC
Note: It’s going to be a fair launch. Do not miss out
- PUFF is available on PancakeSwap v2 for Swap
- at noon UTC, Monday, 20th September 2021
- Farms
- and Staking
- starts September 25 2021 at 11:00 UTC.
Let’s get ready to go to the moon
PufferDefi?—?The latest generation yeild farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative elements.
Website: https://pufferdefi.finance
Q2 from Telegram user @rendifadilah771:
You are planning a big ecosystem, could you tell us about safety? Have you done audits or hackathons???
Puffer
: Yes, we have done audit and more details about it is here:
https://pufferdefi.gitbook.io/pufferdefi/security/audits
Q3 from Telegram user @Rakshitx5:
You have used Harvest Lockup. This is something new I am hearing. Can you explain what is Harvest Lockup and how it works?
Puffer
: Harvest Lockup is an unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Harvest Lockup will be set for 6 days (usually from Monday to Saturday), and you can only harvest on Sunday. You can harvest all earned PUFF.
Before the first harvest, the harvest lockup will be set for 8 days (Sep 25 to Oct 03).
Harvest Lockup will be set at the same time for all Farms/Staking Pools.
Q4 from Telegram user @surendra040:
Many projects succeeds even being an anonymous team and due to dev experience. However, good project have good team, so can you tell us your motivation and how strong is your team? Will you please ensure us your team will not abandon later?
Puffer
: We are a team of 15 people from Asia, Europe, UK and USA.
Our team has been working in the field of cryptocurrency for many years and has experienced the ups and downs of the DeFi industry.
Every member has a unique insight into the industry. We are well aware of the difficulties that users encounter in investing in the DeFi industry and are committed to building everyone’s feel good platform. Every member of our team always maintains 100% enthusiasm to serve everyone, and can quickly solve the problems caused by each user.
Q5 from Telegram user @BJosefina61:
Can you explain the Anti Whale feature? This is very interesting, what is this feature about?
Puffer
: Transactions more than 1% of total supply will be rejected. As the total supply grows, this ratio will be reduced.
Q6 from Telegram user @Rockster778:
Do you have a token burn or buyback program plan to attract investors?
Puffer
: Yes, we have an Automated Burning Mechanism.
40% of each proceeds will be used to buy back and burn PUFF.
We also have an Automatic Liquidity which means 60% of the income obtained each time will be automatically added to the liquidity pool through the contract, and the lower price limit will be continuously increased. Also the liquidity will be locked and inaccessible.
Q7 from Telegram user @isabella_blackk:
Does PufferDeFi platform have a target audience (beginners and professional) or age range? Is PufferDeFi platform suitable for non-crypto and beginners? Do you have a guide video or social media accounts for non-crypto users?
Puffer
: It is for both beginners and professionals.
You can see guides here on how to join the fair launch and other launches:
https://pufferdefi.gitbook.io/pufferdefi/faqs/how-to-buy-puff
Q8 from Telegram user @Robotliker1:
How big is your marketing plan ,basically many projects target non english speaking countries. Do you have any plan for ambassador program or to support local community as well?
Puffer
: Yes.
Q9 from Telegram user @Gemshunter22:
Your project is going to be listed tomorrow on PancakeSwap, but have you set any slippage amount and any official contract address to buy?
Puffer
: Yes.
- Slippage > 8%
You can buy directly from PancakeSwap as it will be a Fair Launch
- Token Name: Puffer Token
- Token Symbol: PUFF
- Contract Address: 0xe68A1B5CbD28CA7107296f0c7ba6fF169885F100
- Decimal: 18
- Chain: Binance Smart Chain (BEP20)
Q10 from Telegram user @MdLuffyo:
Does PufferDeFi platform have a referral program? Can we get a reward or privilege when we bring new users to your platform? Are there ways to earn $PUFF other than staking?
Puffer
: We have a referral program.
Part 3?—?Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
- English Telegram group: https://t.me/Satoshi_club/
- Russian Telegram group: https://t.me/satoshi_club_ru/
- Spanish Telegram group: https://t.me/satoshi_club_spanish/
- Telegram Channel: https://t.me/satoshi_club_channel/
- Twitter: https://twitter.com/realsatoshiclub/
- Website: https://esatoshi.club/
Our partners:
- Telegram Community?—?https://t.me/pufferdefi
- Twitter?—?https://twitter.com/Puffer_DeFi
- WebSite?—?https://www.pufferdefi.finance
