Excerpts from the AMA session of Crystl Finance and Cafeswap.finance - 21st Oct. 2021
About Crystl.Finance!
“The platform built with one goal in mind: to unlock the potential of your capital and allow you to explore the DeFi Universe!
Our decentralized yield farm runs on Polygon where you can become a liquidity provider for the ApeSwap Decentralized Exchange and earn our native token - $CRYSTL - by supporting the leading projects of the Polygon ecosystem.”
Jimmy The Hypnotist:
Crystal Crew, please give a warm welcome to @jfaridian and @CafeswapCM from CafeSwap 💎☕️❤️ we are so excited to have you here and to learn more about your project
Breve | CafeSwap ☕:
Hello Everyone
Jonathan:
Appreciate you having us!
Breve | CafeSwap ☕:
It's nice to be here 🚀
Jonathan:
Hello Everyone
Crypto Light:
Welcome @jfaridian and @CafeswapCM, its a pleasure to finally have you here 🤩
Jonathan:
Appreciate you having us and looking forward to be apart of this.
Jimmy The Hypnotist:
Well let's get right into it shall we? 😊 Could you please tell us about your team and everyone's roles?
Breve | CafeSwap ☕:
Cafe Breve-CEO (Runs the majority of the day to day and leads communication of the team.
Cafe Caffeine- CMO (Helps with business development and marketing of the group)
Cafe Chef -Team Lead (Heads all the company and makes the key pivotal decisions of the group)
Cafe Mocha- Frontend Engineer (Core of the group in coding and front-end development)
Cafe Ace- Community Manager (Manages our Social Media channels and engages community involvement)
Jonathan- Head of Communications (Helps bridge with communication in major platforms and plans for user growth)
there are few more members in our core team which is part of Business Development, Partnership and marketing side
Jimmy The Hypnotist:
It sounds like you have all the bases covered and have a very experienced team :)
Breve | CafeSwap ☕:
yeah we do 😁
Crypto Light:
A strong team is the foundation of any project, very impressive!
Breve | CafeSwap ☕:
you know its always a good to have a talented crew in our team
Jimmy The Hypnotist:
It definitely shows with the success and reputation that CafeSwap has built on multiple chains :)
Jonathan:
Appreciate you on that and likewise with your team as well.
Jimmy The Hypnotist:
Thank you :) we definitely aim to have the most talented and capable team possible
Leading off of that, can you tell us about the main features of CafeSwap?
Jonathan:
Appreciate the question. At CafeSwap we provide a wide range of low inflation farming and staking pools with the best APY’s in the ecosystem. Our competitive advantage is the number of farms that we have with staking pools partnering with different ecosystems. We’re the all in house platform for DeFi.
Jimmy The Hypnotist:
I've seen some great farms on CafeSwap that aren't anywhere else on Polygon :)
Are you planning to expand the number of farms you offer?
Breve | CafeSwap ☕:
Yeah, we love to provide our users an exclusive farms.
We are trying to bring more of that kind to our Cafe farms, both on BSC and Polygon.
Jimmy The Hypnotist:
That's great to hear and a fantastic way to stand out :)
Breve | CafeSwap ☕:
Yes and i do see many interesting farms on Crystl Finance as well
Jimmy The Hypnotist:
Thank you, we have offered many different options in our Mines and will continue to in our Vaults :)
Crypto Light:
Users love pools and farms, so its great that we can collaborate and expose users to more great options together with the help of CafeSwap! 😊
Breve | CafeSwap ☕:
yes that is definitely a good collaboration with such project like yours
Crypto Light:
Absolutely, working together is how we can both succeed!
I know that CafeSwap was originally a BSC project...
Would you please provide some insights as to the main reasons and forces driving you to expand to Polygon?
Breve | CafeSwap ☕:
I was waiting for long enough to get this question asked by someone.
It is an Interesting question to answer.
Polygon’s interoperability allows us to eventually scale more of our products onto the ecosystem and grow. The lowest transaction fees in the ecosystem along with the fastest transaction speeds with better throughput. Polygon is really expanding its infrastructure and a lot of platforms that are being built on top of Polygon. This is making it a real nice hub and the fact that we’re early it will solidify us as a major player on this platform. Polygon is making a push into NFTs this will be good for us in the future as our team is executing into this space.
Crypto Light:
Couldn't agree more about Polygon. This chain is still quite early in blockchain history and has a lot of benefits in terms of being so affordable AND fast!
Jonathan:
100 percent in agreement with you affordability and fast is important.
Jimmy The Hypnotist:
Very true! Many people downplay the fact that you can perform dozens of transactions with less than $1, truly amazing especially when compare to other chains
Crypto Light:
Speaking of growth! Would you share some insights on what are some of the upcoming features CafeSwap is looking to bring to its users on Polygon?
Jonathan:
Appreciate the question! Our team has got some nice massive APY’s coming through in our stake locking mechanism vault that is coming soon. Probably one of the biggest in the DeFi space. You’ll be able to stake your token to earn pBREW with the highest yields in the ecosystem. Our team is also entering into the NFT space, this will be a perfect since we will be offering the ability to stake your NFT’s on our platform in Polygon.
Crypto Light:
Oh wow that sounds really exciting! By locking mechanism does it mean the deposit is locked but in return users may benefit from higher yields?
Jonathan:
Absolutely that is exactly what it means. Higher gains for locking it for a little bit of time.
Crypto Light:
Very interesting! Can't wait to see those!
As for NFTs, those are already so popular today, NFTs with utility? That takes things to the next level 😲!
Breve | CafeSwap ☕:
This is just teaser there are many more coming with actual different NFT concept than most of it
Jonathan:
And yes there will be utility and staking along with it to earn yield.
Crypto Light:
That is so cool. Sounds like your NFTs have a promising future 🚀
Breve | CafeSwap ☕:
We definitely aim to make it worth.
Questions from Twitter:
Jimmy The Hypnotist:
That leads perfectly into our first Twitter question and you have answered most of it:
Q1
From @BabaVoss_13 - People got tired by regular NFT models, I have read that you have NFT plans coming in next roadmap but I believe till then hype will be down.
So my Question is will you implement the NFT as the old Fashioned way or make something different with it? You guys should enlighten us.
You have answered the utility and what will make your NFTs have longevity, is there anything else you would like to add or elaborate on?
Breve | CafeSwap ☕:
i would like to answer in a brief about this question, but i will make sure to clear all the doubts regarding NFT Launch.
At CafeSwap we pride ourselves in differentiating our products from the market. We want to be trendsetters in the market. In that we plan on having utility that will be apart of the NFT collection that we are to release. Most projects in our opinion miss that mark on this. As well as we plan on adding a staking component to it. Imaging an NFT that has utility as well as earning yield. It’s giving our community value on value on a product.
The NFT release is first off a one of its kind. Without indulging into so many details we plan on releasing this with adding MOCHA our native deflationary token of CafeSwap to add components of staking operability
There are basically 2 Concepts of our upcoming NFT release. Mocha is primary a NFT Token. There is 1st NFT ICO (Initial Cafe Offering) Model and 2nd is NFT boosted APR Model.
In NFT ICO users will be able to lock some BREW in ICO and get a whitelist spot for limited exclusive 100 NFTs where they can burn the the BREW locked if gets into whitelist and it will grant them access to exclusive token for 7 days prior to Normal users.
In 2nd NFT APR boosted Model users will be able to buy limited edition NFTs and stake it for a boosted APR on certain pools which we will ensure that they will earn atleast 2x of their returns.
Crypto Light:
Thank you for those details! Your approach to NFTs certainly has potential! It will be interesting to see especially how the exclusivity with the whitelist will work out.
Jimmy The Hypnotist:
You have some very innovative plans for the NFTs, we can't wait to see them in action 😊
Jonathan:
Appreciate you guys, this NFT launch it going to be epic 🚀🚀
Breve | CafeSwap ☕:
Thank you 😊 our development team works tirelessly on this btw.
We always ensures the security first so everything to be released is goes through major Audits.
Crypto Light:
Excellent to hear! User security is incredibly important 🔓!
Q2
from @fajarponja:
How can you survive in today's market conditions and especially from a bear market and build a thriving community that truly cares and supports the project for a long time, when we know so many projects are currently dead???
Jonathan:
CafeSwap has plans to get more involved with our community in order to help get implementation of our roadmap. With our new release of NFT’s and eventually gaming partnerships. CafeSwap plans to engage our existing community and cultivate it more. We believe at CafeSwap that building a tribe is important when it comes to this space. A tribe of believers who has a voice that can work in tandem with the team. They’re always market conditions that are going to exist beyond one’s control. We’ve got followers and supporters and want them to keep being more apart of the team. Hence we are doing more AMA’s and connecting with our audience over Telegram, Discord, Twitter, and other social channels.
Excellent question again!
Jimmy The Hypnotist:
Sounds like there will be a lot of new Brewers in the future :)
Jonathan:
We want them to be!! We appreciate our community of course, just as we're sure you do. Without them we don't exist.
The educative and informative AMA Session came to a successful end.
About Cafeswap.finance
“CafeSwap is a yield farming and staking platform on BSC Chain, We have chosen BSC because of its low tnx fees and faster speed. We have built this project to provide the best experience with farming while regulating the supply, We believe in partnerships hence we aim to bring all BSC DeFi ecosystems in one place to have a friendly ecosystem for all of us.”
