EXCERPTS FROM THE AMA SESSION OF JETFUEL FINANCE AND Cafeswap.finance — 12th October 2021; 3pm UTC
Jetfuel Chris - Business Development:
Let get some energy on the go, shall we kick start the first AMA question?
Breve | CafeSwap ☕:
Yes sure
Jetfuel Chris - Business Development:
Q1.
CafeSwap is very strong at BSC and recently move in Polygon, can you please introduce your team and what the $pBREW token does?
xCryptoTurnip:
I am CafeSwap’s partnership manager and I also manage Portuguese speaking community. I’ve been into crypto since 2017, initially dedicated to mining, later to day and swing trading, now DeFi has been my world for quite some time.
Breve | CafeSwap ☕:
Cafeswap Finance consists of Talented team who is determined to improve the platform with their long term experience in crypto industry.
I am Breve, CEO and BDO of Cafeswap.
I have been into crypto since 2017 and through my Journey we have come along with people to build this Amazing platform for all DeFi and Coffee lovers.
$pBREW is a Native token of Cafeswap on Polygon Network and is a governance token which provides fuel to all ecosystem at Polygon.
It is used for Farming rewards and staking.
We are implementing more usecases for $pBREW in the near future as well.
Serhan:
I am Global Admin and also ICO Manager of CafeSwap. I have been in crypto less than a year. My CafeSwap journey started as an investor first. After a few months and my detailed interest in crypto and CafeSwap project, I became one of the team members.
Jetfuel Chris - Business Development:
$pBREW is a Native token of Cafeswap on Polygon Network and is a governance token which provides fuel to all ecosystem at Polygon.
It is used for Farming rewards and staking.
We are implementing more usecases for $pBREW in the near future as well.
Serhan:
Yes, just to add more, $pBREW will be the fuel of upcoming multichain integrations for CafeSwap so along with the new chain integrations, use case of $pBREW will literally explode.
Jetfuel Chris - Business Development:
Q2
What make’s $pBREW different from other similar competitor project?
Serhan:
First of all,
pBREW has different tokenomics than any other AMM currencies out there. It actually has maximum supply of 250m which will be distributed on a 8-10 years planning.
Its halving stages already been planned, in fact you can find it below so users may know when the rewards will be dropped and inflation rates will go down.
As it will be the fuel of many more multichain integrations of CafeSwap, it will be exposed to diversified ways of burning mechanism which will be launched anytime soon, especially on Polygon first.
Jetfuel Chris - Business Development:
as it pBREW in times will be more rare and as higher demand, price eventually shoot up
is the tokenomics same between BREW and pBREW?
Serhan:
Exactly! pBREW which is already popular will definitely have its time!
It's completely different as BREW has unlimited supply whereas reward is 1/Block per day, pBREW has different emission rates, starting high and slowly decreasing on predefined halving dates.
In the end we plan pegging BREW to pBREW but of course this is a thing of the future.
Jetfuel Chris - Business Development:
Q3
How do you think CafeSwap and JetSwap can grow together as partners?
Breve | CafeSwap ☕:
Cafeswap and Jetswap has a very good relationship from bsc.
And we hope to expand this partnership from throughout all the chains and ecosystem.
In the Polygon chain we aim to open a Staking pool on both side to let our users enjoy the High APR staking with both platforms native being staked.
Jetfuel Chris - Business Development:
let move ahead
Q4
Security is a major concern for investors. Rug pulls and exploits happen every day, what actions has the CafeSwap team taken to ensure your investors safety?
Breve | CafeSwap ☕:
Cafeswap has always known for its Safety and Security.
We may have not not build the name of Cafeswap in terms of big TVL gainers but definitely in terms of Security we have made our name.
Cafeswap has been audited by reputable firms like Certik, HashEx and BSCGemz an BSC community known for its Trustworthiness.
Our Polygon Contracts are Audited by Obelisk and we are planning full Audit from Certik as well.
Investors Safety is always been our major concern and we have always focused and given our 100% to Safety of our project.
Jetfuel Chris - Business Development:
Q5
What does the CafeSwap team hope to accomplish in the next 6 months?
Breve | CafeSwap ☕:
We are always developing our platform no matter what.
We are planning to bring every demanding features of DeFi to our users.
From NFT to Gamification and implementing New Lotteries.
Dual Farming and Smart Vaults to be optimized even more.
New Features like NFT special staking and NFT ICO Model, brining Unique NFT on partners Marketplace and bringing new and more demanding betting games to our Platform.
Upgrading our Dex to V2.
New UI revamp and many more are in the line for upcoming developments.
Jetfuel Chris - Business Development:
sounds like tons of stuff going on for cafeswap
any sneak peek for our community where or when is the next chain??
Breve | CafeSwap ☕:
We are actually do not want to waste an amazing opportunity.
Let me tell you CRONOS will be the Next chain we are focusing on but along with it we do not simply Force into it rather we will take all Necessary security precautions like Audit and safety checks and all.
This is the first time we are giving this Sneak Peak about Crypto.com's Cronos Chain.
Jetfuel Chris - Business Development:
guys this is massive, JetFuel and CafeSwap actually crossing the same chain!!!
Questions from Audience
Q
I see a price difference between brew and pbrew isn’t both are same? Is it pegged? Can we bridge your token from ploygon to bsc and vice-versa?
Breve | CafeSwap ☕:
Both are different tokens and have different tokenomics. BREW is native to BSC Network and pBREW is native to Polygon network.
Although we are planning to peg both tokens for same price in the future.
Due to the low emissions of BREW (BSC) we have come up with the different Tokenonimcs for Polygon Network.
We will be using the pBREW token for cross chaining, and to bring it to Multichain because of its Tokenonimcs it is very possible.
Also you can Bridge BREW (BSC) to Polygon BREW through Anyswap Bridge and vice versa.
You can also Bridge Mocha token as well from BSC to Polygon and Vice Versa.
Q
Besides products like "Trading Competition And Portfolio Management", CafeSwap has in mind to design products like Limit Orders, Lending, Stop Loss? I think it would attract more users to the ecosystem.☕
xCryptoTurnip:
Actually two of those 3 features are just around the corner. We will also bring vaults into Polygon very soon and implement a new kind of them.
It actually is the first time we go public about this so whoever asked this, kinda nailed it.
Q
CafeSwap has great products and really attractive innovations in its development. So, What do you think is the best way to earn Yield for long-term investors in CafeSwap? Should we consider CafeSwap changing its focus from being a platform for Yield Farming to being an NFT and GameFi with Yield Farming options in the future? ☕
Serhan:
CafeSwap has many different products to offer but one of them is the most decisive one and clearly differentiates CafeSwap yield farming experience from others. That’s Smartvaults and Dual Farming.
As you may already be familiar we have BREW and MOCHA on BSC. We have mentioned about BREW so I will not mention here but MOCHA is our deflationary token, burning %1 with every transaction and also has limited supply of 500k.
Smartvaults and Dual Farming where MOCHA kickes in. Smartvaults are CafeSwap’s autocompounded vaults which 7 different LP type where you stake your LP and start earning autocompounded LP. On top of that with Dual Farming, you also earn MOCHA. Basically your earning is doubled where you stake 1 token earn 2 with different tokenomics and emissions.
For second part of the question, MOCHA’s sole usecase is to be currency for NFT trading and it may come sooner than expected 🤩
Q
We all know there are lots of NFT based projects out there with amazing features. can you describe the excellent features of the seascope and will it be able to compete with your competitors.
Serhan:
We have a vision behind our NFTs. We actually plan to create our NFTs with different use cases and reward anyone whom plans to invest in it.
Of course artwork will be amazing but these designs will actually have use case and benefit for investors including from ICO NFT to NFT staking, etc.
So we plan our NFTs to be a long term investment portfolio like any other CafeSwap product.
Jetfuel Chris - Business Development:
very informative AMA
Serhan:
Thank you guys. It has been a pleasure for us.
The Educative and informative AMA SESSION came to a successful end with winners of best questions to be chosen for rewards.
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.”
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