Sunday 27th june, 1PM UTC

MOD: Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Mr. Marco as Head of Strategy of Beyond Finance

Hello Mr. Marco welcome to FCM. Thank you for taking your time to be at FCM in the midst of your busy life. Once again i said welcome to FCM

Marco: Glad to be here

thank you for having me

MOD: Alrigth without further ado, let’s start today AMA

I’ll explain a little bit about how the AMA will works today

There are 3 segment in this AMA

Segment 1: Project Introduction

Segment 2: Question from Twitter

Segment 3: Free Asking

MOD:  Before we go to segment 1 Can you explain to us a little about your background before entering the cryptocurrency world and why did you finally decide to join Beyond Finance?

Marco: My Name is Marco Head of Strategy at Beyond Finance

Iโ€™m expat based in Tokyo Japan

Before crypto, I always worked in tech, first as a web dev ,then full stack dev related to big data. I got into crypto in late 2012 and traded until 2014, then returned to crypto fulltime in 2017 as project Advisor and consultant.  Then from 2018 started to work closer with core teams to BUIDL as they say.

Why is joined Beyond

1st the timing was great. To me timing is crucial in crypto.

2nd Beyond Project is based in Korea  and I really like the energy of the  Korean crypto space. And It’s only a two hours flight from Tokyo.  So in late 2020 one of my friends called me and asked me what I know about synthetics. And introduced me to the very talented core team .I took the opportunity.

SESSION INTRODUCTION PROJECT

Q1. What is Beyond Finance and what can users do in this project?

Marco: Beyond is a DEX (Decentralized Exchange) for Synthetics. The Beyond Trading Platform is built specifically for derivative assets . 

The system is based on the BYN token and collateralized USDb (synthetic stable coin).

The USDb Token is used to trade other synthetics assets. While the underlying asset, the BYN token is used as a collateral and rewards.

BYN also works as a governance token with the BEYOND DAO that will come later this year

Q2. Can you explain to us who is the target market of Beyond Finance and why? And how does Beyond Finance reach the target market?

Marco: The initial target is  the DEFI traders with some experience with Staking and stablecoins . very few DEFI participants trade synthetics we want to bring them onboard with a great UI/UX , simple tools and very good incentive rewards to get started

regarding non-crypto

mid to long term we want ro bring in any casual trader or businesses that whats or need to trade these synthetic assets.

People that dont have access to because of location ,  businesses that need to hedge certain assets at very low operational cost.

Metamask and crypto is all you need to use Beyond DEX

To achieve this we need a very easy to use UI/UX for beyond DEX.

and we are working on it

Q3. One of the uses of the BYN token is for staking. Can you explain to us the procedure for staking and what are the requirements to be able to stake BYN?

Marco: it’s very simple to get started with Beyond DEX.

you basically just need BYN and Metamask.

Get BYN on BEYOND DEX   ( or Uniswap or CEX )

Stake BYN on Beyond DEX  get 100%+ APY

For every BYN Deposit your get USDb (Beyond Stable coin) collateralized a 300%

$3 of BYN = $1 USDb

https://beyondfinance.io/bynToken

Direct link to place you can buy BYN

POLYGON SUSHI is my favorite

I’m in Tokyo lots of sushi here :))))

Q4. I see that BYN is launched on 2 networks namely ETH and Polygon, what is the reason for choosing these two networks? Because as we know the ETH network requires gas which is quite expensive, while for the Polygon network, I don’t think it is as well known as BSC. So are there future plans to launch the BYN token on other networks?

Marco: YesETHEREUM was an easy choice 80% of DEFI is on ETHEREUM

But we choose to add POLYGON  because our main partner CHAINLINK is there with all the signals available for future development .

We obviously plan to keep adding networks. HUOBI HECO  is definitely in the plan .

BYN  one ETHEREUM

BYN on POLYGON

BYN on HECO  maybe soon  ๐Ÿ™‚   secret

MOD: Q5. Please explain to our community, untill now what partnerships does Beyond Finance have? And what kind of partnership will Beyond Finance do in the future so this project will develop more?

Marco: Regarding Partnership we have 3 main goals we already achieved .

1st we have all our VCs Partners  that invested in our private round. They are with us for the long term.

2nd CHAINLINK provide beyond with all the synthetics oracle signal

this was very very important to partner with the best.

3rd HOUBI VENTURES strategic investment in Beyond

This is a very important partnership to help scale the development.

Scaling is the most difficult part in the blockchain ecosystem because the human resource with specific experience is rare.

HOUBIโ€™s HECO network  will be one of the early collaboration

SESSION QUESTION FROM TWITTER

Q1. From @SyedTazbir What is the highlights of @beyondfinanceio technology and products that you believe will help you succeed? How revenue does

@beyondfinanceio generate to sustain the project, and what plans do you have to attract more users in the future?

Marco: Beyond DEX is self sustainable  every action on the platform requires BYN.

staking created real demand

USDb stable token is only available in our platform

Every transaction generates a fee collected and distributed to all the staker on the platform.

We plan to give good incentive and educate new users.

learn how to trade synthetics assets in 15min and get BYN rewards ๐Ÿ™‚

Q2. From @zeonk313 Could you introduce here the most interesting features of @beyondfinanceio to the community, which attract and encourage users to start using

@beyondfinanceio? And What role do your partners play in the flow ecosystem and what benefits do they have for being partners?

Marco: Beyond DEX Beta version is soon to be available for closed testing that’s a major accomplishment in the right direction.

Beyond DEX very simple to use. takes about 5min from

ETH to BYN -> USDb -> TESLA synthetic token

We will invite members of this community to joining our early DEX test. with  good rewards

 Its  the next few days we will start whitelisting contest. be ready

Q3. From @D_Dragon900 I want to know a lot about You mention that it is possible to earn free $BYN tokens through the Beyond incentives programs. Can you explain what do the incentives programs consist of? Can anyone participate on them?

Marco: There 2 different incentives

for the DEX early tester about 2 weeks later.

but right now you can earn free BYN

You can win BYN using this community rewards program

https://gleam.io/z0hqk/beyond-finance-community-rewards

5000 BYN in total rewards

Its open next 5 days

Q4. From @luffy8999 Beyond to prevent HOLDER from selling $BYN Token and makes price down ? How do you convince user that your Liquid Program is great for Long term investment?

Marco: Impermanent losses  are a real challenge but we will provide LP holders some protection with BYN with good APY.  on lP staking.  coming soon

The  larger holders of BYN are the VCs we communicate with and work with to support the project’s liquidity. And try honestly to have positive impact on BYN ecosystem  value for holders

Very good work @muhabbatali123

Thanks for fixing my typos ..

Q5. From @truongtran0305 What are the key milestones on your roadmap – both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?

Marco: Beyond DEX Beta version is soon to be available for closed testing that’s a major accomplishment in the right direction.

Chainlink Partnership

MXC and Ascendex good quality CEX listings were also very important for BYN holders.

And just this week we announced the HUOBI VENTURES strategic investment with BEYOND . This will directly synergize our future DEX platform development .

reminder HUOBI group ecosystem is millions of traders

And potentially can bring some to our DEX.

We just need to stay focus and build a great product and they will come]

SESSION FREE ASKING

Q1. From @haluwa1: Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the blockchain industry?

Marco: We  started this project to Build a real product and  we started talking to investors only after our MVP was ready.

and we are now at the  BETA stage . the last stage before live on mainnet .   very confident but we must keep a good communication channel with ALL our supporters

Q2. From @sunnyyy0011: What is Beyond Finance plan for global expansion? Need more community for your project?? How can I join admin??

Marco: We have community in more than 10 country region.

always looking for good community manage and ambassadors

contact us, share  your honest profile. 

we hope to grown our community and we need support

Q3. From @jp2221: Tell us What is your plan to gain adoption fast enough that the market will not be saturated with other similar project by now and what advantage could you offer?

Marco: An advanced Synthetics DEX  is very complex to build

and the strategy  to bring it to traditional finance  players .  is something very few team worldwide can do.

BEYOND is one of them

Q4. From @Three_Stars_0022: Most of the projects now a days do burning  !!

Are you doing token burning?? tell us something about your token burning ?

Marco: good question

For the Beyond DEX version one there is no plan for Burning.

and We have a limited amount maxed at 100 000 000 BYN.

and the market for Synthetics is in the Billion and trillions in USD.

so we will need all our Token. I hope ๐Ÿ™‚ ๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿš€

Q5. From @Fayzurahamed: ๐Ÿ’ ๐Ÿ’  What’s your Next Priorities on your roadmap. Do you have Enough Funds, community To achieve your business and goals?

Marco: Another Good question thanks .

The Priority #1 is to bring our DEX live to Mainnet in Q3 2021 this year.

We  dont need more funding we raised 7.5 Million USD in funding rounds.

We are very confident we can build our product ๐Ÿ™‚

Website https://beyondfinance.io/

TG Group http://t.me/beyondfinanceglobal

TG Channel http://t.me/beyondfinancenews

Twitter https://twitter.com/beyondfinanceio

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