Infinity Capital AMA session with Tosdis Finance
AMA Infinity Capital will have an AMA session with Tosdis Finance
On 13 January , 2020 at 21:00 (GMT+7) or 2:00 PM (UTC)
Harry Dũng: Hello guys. Today , Mr. Yousaf Mamoon , CEO of Tosdis will directly answer questions from members of Infinity Capital group and sharing information plan, upcoming Tosdis targets.
Harry Dũng: Before starting our AMA, could you please introduce yourself as well as about the Tosdis to everyone?
CEO: Hello everyone, Thanks for inviting me here today @mrgatsby9.
I am Mamoon Yousaf, CEO and Founding member of TosDis Finance. With years of global experience in business in a wide range of industries, I have successfully grown start-up companies and added value to existing companies. I would say Decentralized finance is the future, and I have been a silent investor of many successful crypto projects since 2015. Crypto is an emerging market where I see much potential from a business point of view, and TosDis is my part to play in the world of Defi.
And to introduce TosDis, there are many features which should be discussed in detail. But i would like to make it as short as possible.
TosDis is what its name is, “The One Stop Defi Interoperable Solution’’. We Align with this Image and aim to provide a range of products under one roof. These include Staking-as-aService, Liquid Staking, Yield farming-as-a-Service, Peer to peer lending and borrowing platform, and an advanced, featureful, lowest fee DEX.
TosDis aims to provide Staking and savings solutions to allow users to stake different ERC-20 tokens and later expand to include tokens from other blockchains such as Polkadot, BSC, etc., providing cross-chain tokens staking on our decentralized platform. TosDis will make it possible for any PoW and PoS project to create a staking pool of their tokens for their communities to provide staking as a service in a decentralized way. These solutions come under our protocol Easystake. Easystake will be a decentralized protocol for issuing Staking and savings solutions as services that are based on smart contracts.
One of the primary objectives of TosDis is to let users to earn rewards from staking without locking their crypto-assets; initially, liquid staking will be available for Ethereum without the restriction to deposit a minimum of 32 Eth. Users can stake a small amount of Eth in a secure and decentralized manner with no risk of losing as a software failure, malicious third-parties, and market volatility.
Apart from this, TosDis will have a decentralized swapping protocol called TosDex and an Incubator for new and upcoming innovative projects. TosDex comes intending to offer the lowest fee among dex protocols and the best returns for the liquidity providers, including a smart contract-based P2P, low fee, non-custodial, collateralized borrowing, and lending protocol. Lend, borrow assets in a trust-less manner directly with the 2nd party with zero involvement of a third party
Harry Dũng: Wow, really impressed with your profile and enthusiasm for Tosdis.
Yes, thanks for your detailed answers and certainly the Infinity Capital investor community had a much better understanding of Tosdis.
Harry Dũng: Q1. Many projects have been hacked recently, tell us how secure is the Tosdis Finance and the data/funds of the communities? What programmable technology and security has your team developed to build a solid foundation?
CEO: Security is an essential part of building financial applications and we have considered that very well considering recent exploits of certain tokenized projects.We went through Multi-stage audit to clear out even the minor bugs that we could find and the outcome was great as expected. As more and more features are developed, we will go for audit for every feature once it is developed.
Harry Dũng: Q2. I am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one ? What is your coin advantage that can convince me to change from my favorite token ?
CEO: There is no such thing as favorite token. You should only support the tokens that are well integrated with project as a strong utility. DIS token is a very strong utility token which will be integrated into each and every feature of TosDis. DIS is an extremely rewarding and deflationary token, 45% of all the platform fees will be burned and 45% will be distributed among DIS holders. 10% goes to TosDIS ecosystem.
We have designed DIS token in such a way that as more the platform apps are used, the price of DIS token will keep increasing.
Harry Dũng: Q3. Staking is the new trend. What staking options are available for TODIS FINANCE token? Are there any incentives for staking? What are the various ways to earn TODIS FINANCE token and are there any limits to amount of $ TODIS FINANCE I can earn?
CEO: TosDis aims to provide Staking and savings solutions to allow users to stake different ERC-20 tokens and later expand to include tokens from other blockchains such as Polkadot, BSC, etc., providing cross-chain tokens staking on our decentralized platform. TosDis will make it possible for any PoW and PoS project to create a staking pool of their tokens for their communities to provide staking as a service in a decentralized way. These solutions come under our protocol Easystake. Easystake will be a decentralized protocol for issuing Staking and savings solutions as services that are based on smart contracts.
There will be an official pool on TosDIS where users will be able to stake their DIS token and earn rewards everyday. Your amount will not be locked and you can un-stake anytime along with your earned rewards.
Harry Dũng: Q4. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
CEO: Tosdis is what we call it DeFi as a service. We are offering a range of projects which are not just short term hype products. We are offering products that are going to be used by literally every crypto project in the future. This is not a usual PnD project where you get Yield farming for a month, and the project is dead after that. We already have Production ready Master Staking system developed which users will be able to test soon and development never stops at TosDis so we will be releasing our next features in shortest time possible.
Harry Dũng: Q5. Can you please talk about the choice to have such a low total supply of tokens in the context of yield farming/Defi? What are the pros and cons of this particular tokenomic model? With such a low supply, how does this affect long term sustainability? What happens after 3 years?
CEO: There is no difference in our services if you keep the supply low or high. This is somewhat a strategic point to make DIS a valuable asset in market. Other then that, It is still a fixed supply.
At Session 2: (5 best questions chosen by CEO)
Participant: what are the ways that Tosdis generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
CEO: There will be a pool fee, out of which 45% will be burned, 45% will go towards DIS holders and 10% goes to TosDis foundation.
For example we set the current fee at 2 ETH assuming it will be equal to 1000$: $450 will be automatically used by the contract to buy DIS from the market and burn them. $450 is distributed to the DIS stakers and $100 goes to Tosdis Foundation.
Apart from this we will have revenue from Liquid staking, 10% of all rewards from the Liquid staking will be deducted. 5% will be kept by the TosDis foundation and remaining 5% will be distributed to the DIS token holders.
There are other revenue streams which are related to TosDEX and Barter but we are still finalizing the model for them.
Participant: Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
CEO: There is a huge marketing campaign going on that will pick up more pace every day. We will only disclose and announce the confirmed news so keep an eye on announcement channel or our twitter for all the updates.
Participant: 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?
CEO: Our most killer features would be YaaS (Yield-farming-as-a-service), Liquidity mining and Liquid Staking. Using these features, Token projects can receive liquidity to their native token pairs while users will be able to earn additional rewards. Our most competitive advantage over other platforms would be our token utility. You might have seen from our previous answers that DIS token is deeply integrated into a platform that supports DIS token due to deflationary utility and incentivizes user-base, supporting the TosDis ecosystem as a whole.
Participant: Kindly explain more about your Tokenomics, Release Schedule and UTILITY, is it inflationary or deflationary?
CEO: As for the DIS token use case, We have created a token utility model that is deflationary and extremely rewarding for end-users. Below you can read the listed token utility, but there is a lot more to come in TosDis finance and there will be a much higher usage of DIS token inside and outside of the platform in the coming future. DIS token supply is set at 100,000. DIS will be burned until 50% of the supply remains. DIS utility is split into two parts as mentioned below
Utility benefits for Holders :
• 45% or less (depending on governance) of all Platform fees paid by listed projects is distributed to DIS Holders.
• Yield Farming benefits for DIS holders.
• Monthly Airdrops of other projects tokens for DIS holders.
• Staking rewards for DIS holders
• Liquidity mining for Tosdis liquidity pools and rewards paid out in Tosdis tokens.
Tosdis Token Deflationary Utility :
• 45% or more of All Staking fees paid by projects goes into burning DIS tokens.
• 45% or more of all fees/commission earned from liquid staking goes into burning DIS tokens.
• 25% of the total revenue earned from the Lending and borrowing fees goes into burning DIS tokens.
Demand can at some stage become surplus if we are able to become popular. Every project that lists there staking on TosDis will have to deploy the staking contract. For deploying the contract They will have to pay a fees. Fees is only accepted in the form of DIS tokens. For example if the fee is 1000$ for deploying the contract, $450 of that 1000$ will be used to market buy DIS tokens from the market and burn them. $450 will be distributed among the DIS stakers. $100 goes to the Tosdis Foundation. This whole process is automated via smart contracts and permissionless as well. Just like how you deploy your trading pairs on Uniswap. An open Market for staking-as-a-service.
So demand not only comes from the clients who run their staking contracts on Tosdis platform and offer staking to their holders But also comes from the DIS stakers, who will make a number of yields for the DIS token.
Again this is just from the Easystake platform. It will keep on Increasing as we release more products.
Participant: Please tell us more about farming on your platform. How can I get TODIS FINANCE tokens and on which trading platform can I sell??
CEO: Yield farming is a unique way to make more crypto with your crypto. It involves you
lending or farming your funds in one pool and receiving some other token in return and
at the same time allowing you to stake or farm that newly received token in some other
pools. This is all done with the magic of computer programs called smart contracts.
TosDis Lending protocol will be connected with staking protocol to achieve the
maximum yields a user can get. There will be many income streams for a regular user in
TosDis. In lending protocol, lenders will be able to earn interest on their lent amount as
well as DIS tokens every day. Lenders can again stake those earned DIS token on TosDis
staking protocol to maximize their yields. Similarly, borrowers will also earn interest,
which they can stake on TosDis platform as well to multiply their returns.
In addition to that, 25% of the DIS tokens will be burned from the interest earned by
TosDis foundation through it’s lending protocol.
Harry Dũng: Wow, you put in a lot of effort for these wonderful answers. Thank you very much for the enthusiasm.
So before we officially end this session. Do you have something to share into the community, my mate ?
CEO: I would suggest the community to read our whitepaper carefully to understand how our whole platform is interconnected with DIS token utility integrated into each and every feature of TosDis ecosystem. There are multiple ways users can yield farm their investments and automatically support DIS token and TosDis ecosystem as a whole.
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