AMA Recap with Virtus Finance
Welcome to the Virtus Finance Live AMA with GEM Detectors, we would like to thank everyone who attended the live session, well this is a recap of the Live AMA session we had with Astro Hounds.
Round 1: Live session with Team GD
Aryan|TGH@GEMDetectors : Lets start off this AMA to give the audience a brief description of what Virtus Finance actually is, and what are Virtus Finance team aiming to achieve ?
Nick/Team@Virtus Finance : It’s my privilege to discuss our Project, Virtus Finance is a digital startup with an emphasis on Defi innovation, providing value and benefits to the $VAP token holders. Our Virtus Auto-Staking protocol integrated within the $VAP token is designed to accrue interest (Compound Interest) on your investment every 10 minutes with a fixed APY of 410,347.53%. An easy process of buy-hold-earn that will grow your wallet exponentially. Buy-Hold-Earn & Repeat — By simply buying $VAP tokens and holding them in your wallet, you earn rebase rewards directly into your wallet. Your tokens will increase every 10 minutes.Using a Positive Rebase formula, Virtus makes it possible for daily token distribution directly proportional to the daily rebase rewards, worth 2.28% of the total amount of tokens held in your wallet. Our Project has around 144 rebase rewards events every day! 52,560 rebase events in a year. This means that without moving your tokens from your wallet, $VAP token holders receive an annual compound interest of 410,347.53%.
Aryan|TGH@GEMDetectors : Can you share some information about the team behind Virtus Finance, what your backgrounds are? What is your previous experience?
Nick/Team@Virtus Finance : We started our journey in the crypto industry 3 years ago, with a unique skill set. in building the Web3 economy for unique and scarce digital assets supported on Polkadot, Polygon, Ethereum, and Binance Smart Chain.. We raised millions of dollars for several Top Crypto projects successfully , let’s start collaboration!
Aryan|TGH@GEMDetectors : Let’s take a more in-depth look at the platform itself, can you tell us about Virtus Auto-staking Protocol(VAP) and the main pillars of VAP?
Nick/Team@Virtus Finance : As I said earlier Virtus Auto Staking Protocol (VAP) is a key element in our project that works like an engine. We’ve 5 Main Pillars in our Project, Let me elaborate one by one: 1. $VAP Token: $VAP is a Bep20 token with an elastic supply which rewards its holders with a positive rebase formula, thus creating the best Auto-Staking and Auto-Compounding token. 2. Auto Compounding: VAP provides $VAP token auto-staking and compounding features, and the best Fixed APY in the market 410,347.53%, a daily ROI (Return On Investment) of 2.28%. 3. Virtus Protection Fund (VPF): This fund supports and stabilizes the Liquidity pool to protect from sharp sell offs. Also, VPF committed to the longevity of the project by maintaining a fixed and consistent rebase rate of 0.01583%. Virtus Treasury: Virtus Treasury supports the VPF in case of extreme price drop in the $VAP token. Also, Virtus Treasury funds upcoming new Virtus projects, investments and marketing for Virtus. Virtus Auto Token Burner: 2.5% of all $VAP traded are burnt by the Virtus burner which reduces the circulating supply and keeps Virtus protocol stable.
Aryan|TGH@GEMDetectors : Can you elaborate the functionality of the $VAP Token in the Virtus Finance ecosystem and please share the tokenomics with us. Can you explain in brief about Virtus Auto-Liquidity Pool(VALP)?
Nick/Team@Virtus Finance : Sure, $VAP Token is a native Defi Rebase Token. which pays the interest to the token holders in the form of rebase rewards. Every token holder automatically receives 0.01583% interest every 10 minutes just for holding $VAP tokens in your. BSC wallets. Virtus Auto-Liquidity Pool(VALP) a collection of funds locked in a smart contract for 10 Years. Market Liquidity plays an extremely crucial role in allowing the buy & sell of $VAP tokens on PancakeSwap. 3% Trading fees goes to backing the liquidity of the BNB/$VAP pair on PancakeSwap ensuring an ever-increasing collateral value of $VAP. Tokenomics: Buy Taxes: 13.5% and Sell Taxes: 15.5%. Buy Fees: Liquidity Pool — 3%, Virtus Protection Fund — 5%, Virtus Treasury — 3%, Virtus Burner — 2.5%; Sell Fees: Liquidity Pool — 3%, Virtus Protection Fund — 5%, Virtus Treasury — 5%, Virtus Burner — 2.5%.
Aryan|TGH@GEMDetectors : What are the Social media activities that you’re doing for Virtus Finance? What is a Rebase token and how does it work?How would it be possible to give such a huge APY of 410,347.53%?
super saiyan/Team@Virtus Finance : Well, we’re currently running a Referral bounty campaign. As a part of this contest, Virtus Finance is giving away $10,000 worth $VAP to its Presale investors. Investors can win 100% tokens as referral bonus on their purchase of $VAP. 500 Winners with Most Confirmed Referrals will be Announced. but Max $200 worth $VAP per Winner only. If I talk about rebase Token it is one whose circulating supply expands or contracts due to changes in the token price. Virtus’s VAP takes advantage of a positive rebase formula which increases the token supply allowing $VAP holders to keep growing their tokens, like in a Regular staking protocol. lets talk about how we manage APY of 410,347.53% as many of this question in mind. In order to back the hefty APY of 410,347.53%, Virtus follows the Certain approach:We can have either of one situation, 1. When the daily VPF gains are greater than or equal to all the Holders Daily ROI, this means that the Swap Threshold can fill the plus-value generated from the Rebase Rewards. 2 If the daily VPF gains are lower than the Holders Daily ROI, a portion of the Virtus Treasury is added to fill the difference.
Aryan|TGH@GEMDetectors : Can you tell us about the PinkSale Pre-Launch! Do the investors need to go through a whitelisting process in order to participate in the PreSale?
super saiyan/Team@Virtus Finance : Virtus Finance PinkSale Pre-Sale Launch is on March 21st 2022, Monday at 14:00 (UTC). https://www.pinksale.finance/#/launchpad/0x2b5088e77ED9277e5FC93108c6A7b5fd52186e2f?chain=BSC. We have been Audited successfully by Contract Checker: https://bit.ly/3KIlcW2 and Virtus Finance has been completed PinkSale KYC. Yes their is a Whitelist Process.We are giving Away Whitelist Spots to 250 winners and 1.5 BNB Each to Our Top 3 Participants Who would do most Referrals with fair means. Also one more thing First 10 minutes of the Pre-Sale is exclusively open for Whitelisted Investors. After the first 10 minutes, Pre-sale is open for all investors.
Aryan|TGH@GEMDetectors : We like to finish this part of the AMA by looking at what is happening in the near term. Could you please provide us your next plans or milestones on the roadmap .
Nick/Team@Virtus Finance : Our initial emphasis is on providing the Highest possible fixed APY 410,347.53% to all our token holders. However, let me also explain the future plans of. Virtus Finance: Well, we expect the number of people participating in the Metaverse and purchasing NFTs to continue to grow rapidly in the coming months and years. To the same or even greater extent, the number of projects in the space will also increase. As a result, the space will become more and more confusing for non-experts. Usually, Good projects will quickly rise in price before they can be discovered by ordinary people, making it impossible for newbies to invest in them. On the other hand, more and more bad projects will be funded by clueless investors, resulting in complete losses for those investors. We’re going to solve this problem with our Virtus NFT. We have made it our mission to give everyone the opportunity to be part of the NFT world. We will share more details in the 2nd phase of the project! More Utilities Coming Soon…..!
Round 2: Twitter Questions
1. The big problem for the Defi project is when prices drop as people unload to put liquidity into the farm. is an issue with mining/agricultural produce that drives token dumps.How is #VirtusFinance Trying to Solve this Problem? is there an urge to hold back?
Nick/Team@Virtus Finance : We use a Positive rebase formula to keep the floor value of the token stabilized. Though there is a sharp sell-off we have the Virtus Treasury fund to support the ecosystem.
2. As we all know crypto is a vast platform and competition in crypto is increasing by the day, there’s thousands of new projects a week, what’s different about Virtus Finance, what do you offer that they don’t, that makes you withstand the market!
Nick/Team@Virtus Finance : Indeed! I agree with this statement! Among 100s and 1000s of Crypto projects it’s difficult to sustain as a successful project! Virtus is Offering the highest ever fixed APY of 410,347.53% in the Crypto industry, and our Project is fully KYCed and Audited. We’ve no hesitation to say that our Project is for the investors who are looking for massive returns over the long-term.
3. Finding investors is difficult, keeping investors is even more difficult, so what strategy do Virtus Finance have , to make investors trust and go a long way with investors?
Nick/Team@Virtus Finance : No doubt at all! Its an absolute difficult to find the real investors, and keeping their faith in anyone’s project. However, We’re quite positive that our innovative marketing approaches and strategies will drag real investors’attention. We are already seeing that in our community growth organically. And, I’m quite sure that our Auto-Staking and Auto-Compounding features and future utilities keep our investors motivated and stick with Virtus Finance :)
For more information on Virtus Finance refer to the links below ⬇️
🌐 Website: https://www.virtus.finance/#/
🕊 Twitter : https://twitter.com/VirtusFinance
💬 Telegram: https://t.me/Virtus_Finance
🖇 WhitePaper: https://virtus-finance.gitbook.io/