Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Tronfi on September 4, 2020. This guest star Tronfi Buillders, Community Relations. If you were unable to join the live AMA, no worries, here comes our 60 th AMA recap!
We are glad to meet here:
Swap Monster , Marketing Director TronFi
For taking your time out from busy schedule for the AMA!
Q1: Can you introduce yourself to the community? What is your background and how did you join Tronfi?
So I’m a marketing director at TronFi.io!
Worked for years for successful cryptocurrency projects, helping them to reach a true success! Joined TronFi because it has a lot of potential to grow! And I believe people who followed our projects, can see REAL results!
Host: TronFi.io really is one of the best DeFi on TRON
We believe we’re the biggest competitors for DeFi on ETH at the moment!
Q2: Can you briefly describe what is Tronfi?
In few words, we aim to be the YFI on Tron and lead the Tron DeFi ecosystem!
More detailly, TronFi is a leading blockchain and smart contract development platform that will extend the nascent decentralized finance industry to more than 1 million Tron users. As a decentralized autonomous organization (DAO), anybody is free to claim their stake in the future of DeFi on Tron and contribute towards its growth!
TronFi counts with several projects already available and being developed, such as Pearl.finance, SalmonSwap.io, tBridge.io, zSwap.io and other to come 🙂
If you’re following the DeFi industry, I’m sure you heard about some of them! We are on TOPs of the volumes at JustSwap for days!
Taking the opportunity, leaving here our website so everybody can learn about our ecosystem: https://tronfi.io
Q3: What companies/projects do you see as competitors, and how does Tronfi stand out compared to them?
All the ETH DeFi companies and projects are our direct competitors! We can compete with them by the technology we’re using – Tron. Tron is accessible for everyone! ETH $500+ fees can kill the hype at any point, because it will be the game of whales only! We’re different, we’re better!
Also I can’t forget about our the local Tron projects, especially the projects of the Tron creator! It’s a big competitor, but we try to be very fast, to be able to compete and look very solid with so big competitors! I think our speed of execution is our main advantage! (As we’re also a smaller team)
Still we believe that keeping the Tron more successful than ETH is the main priority for the Tron Community, so we’re always looking and open for cooperation’s with Tron biggest players, to make Tron more successful, putting on the last place the internal competition! 🙂
Q4. What is the use-case of the The Tronfi?
Hmmm, maybe better is to say, what are the use Cases of the TronFi products!
As TronFi is an DeFi ecosystem on Tron!
And here, we’re creating the ecosystem that creates projects and solutions that allows to bring thousands of newcomers to Tron! I guess we all already heard about our YFI products, but as example, there is one that can be the game changer —- tBridge!
tBridge is a platform that provides Cross-chain Liquidity to Tron from BTC, ETH and any other blockchain! And it is crucial for the further development of the Tron ecosystem as we’ll be more accessible than never before! And we will be able to GRAB the ETH community and bring them to Tron!
All our projects you can check at our website: https://tronfi.io/
Q5. What are the major milestones TronFi achieved so far & what are in future pipeline?
The major milestones, are actually known, we’re the first launching an YFI platform at Tron – Pearl.Finance and analogue of SUSHI on Tron – SalmonSwap.io. We’re upfront and in the future pipeline we want to keep this trend, and lead the Tron DeFi market!
Q1: Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value TronFi aim to add to crypto industry that will bring greater abundance to the industry?
TronFi is DAO. We’re developing a base of the ecosystem with projects like tBridge.io or zSwap.io, but in the future, the projects build under the TronFi ecosystem and TronFi Foundation (yes we have that 🔥) are going to belong to the community! So we’re not focusing on amassing wealth for ourselves, but really on building a health ecosystem for the Tron community!
Q2: What is the difference between $PEARL and $TAI? What are the uses of each one and how is it possible to obtain them? Are both tokens belonging to the TronFi platform?
It is a very common question among our community! So glad you asked!
Both tokens are belonging to the TronFi.io products!
PEARL is a https://pearl.finance token and it will be a governance token! You can FARM it at our platform, or just buy on the market! At the moment we have the PEARL/TRX LP, USDT and TAI pools opened, with TRX pool to be opened soon!
TAI token is a tBridge.io token which will be used to reduce the cost of the cross-chain transactions!
Still, some extra features of the TAI token may be added in the future!
Q3: What makes TronFi the most unique, especially now that DeFi is growing really rapidly, and how this unique proposition can become the dominating force for you guys in the DeFi space?
We’re the first implementing the innovative solutions on Tron. And by being the first and being upfront and especially by delivering a good quality product (our platform was the FIRST EVER Tron product passing SECURITY AUDIT by a 3rd company) we can more easily dominate the Tron market!
Q4: Most DeFi projects use the ETH network, why did TronFi decide to use the TRON network? Is there a reason TronFi chose the TRON network over ETH which is mostly used the DeFi project? What are the benefits of being able to use the TRON network?
Fees & Speed. As simple as that, ETH is not accessible for the majority anymore! Not everyone can afford paying $500+ for TX fee
and Tron is the best alternative to solve those problems, also it’s a new DeFi market, so still has a lot of potential (because we’ve started the DeFi game on Tron)
Q5: I like it that TRX token can be swap to Pearl in Just swap. What other exchanges is Pearl token available to exchange? What are the advantage of Justswap over other swapping tools like Uniswap or Moonswap? What is the good time thing about Justswap for Tronfio?
We faced a situation when exchanges were listing us without our knowledge!! I’m still not sure if we’re aware about all listings! (And I’m talking about big exchanges)
Pearl is listed at MXC, HotBIT, BitHub, Huobi, BiKi, BKEX, Huobi, JustSwap and Hoo.com!
Advantages of the JustSwap are simple — Fees and speed!
Just Swap is the favorite choice of the TronFi community, it gave us a lot of visibility, because we were the most trading asset for days!
Q1. What is your main target of your project in 2021? When BINANCE?
We have only one main goal, build a strong ecosystem and lead the YFI at Tron!
(IDK about binance 😅)
Q2. How do you think about Indonesia market for the development of TronFi?
Indonesia has a very big and strong community! We believe it can be a good place for our Tron community to grow together with TronFi
Q3. Regarding the harvest and assets wagered, once I withdraw the winnings from that fund, is there a record that I have already wagered or do I have to start from 0, if I want to do it again?
When you harvest, you get your farmed amount + all your funds any time. You can start to farm again any time and make new farmed funds. It is going to be displayed in your wallet (the final balance)
Q4. What is zSwap? What are its unique Features? and Specially its advantages over Ethereum?
zSwap is an alternative to JustSwap (on Tron) or UniSwap on ETH. I can’t disclose any information about new features, bu the advantages over ETH are obvious — very low fees and high speed! And in the future with our Cross-chain technology implemented (t.Bridge.io) it will be much more flexible!
Q5. For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Yes, we had a very successful token sale for tBridge! We’ve oversold our tokens at the oversubscribed round, and the current ROI is x16! So yes, we have funds to develop the project!
tBridge will generate profit from commission created on TX fees!
Thank you for trusting NanoNews as the organizer of the event today, hopefully everyone can understand about TronFi
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