MOD: Hi everyone and welcome to the AMA on Forum Crypto Moonlight Official Group. We’re honored to host an Ask-Me-Anything session with EXCAVO.
MOD: Hi Mr. Eugene Loza @EXCAVO from EXCAVO team, thank you for having AMA in here. Will you say Hi to our audience?
Mr. Eugene Loza: Hello Everyone
MOD: Thank You for greeting the members
MOD: Okay today we will have 3 segment in this AMA
Segment 1: project introduction
Segment 2: Question from Twitter
Segment 3: Free asking
Mr. Eugene Loza: ok let’s go
SESSION INTRODUCTION PROJECT
MOD: Q1: Can you tell us a little about your background and what your role is in Excavo?
Mr. Eugene Loza: Hello everyone my name is Eugene Loza CEO of EXCAVO
EXACVO is a company of independent financial analysts, traders, asset managers, economists, IT – developers.
TOP-1 Trader by Tradingview.com
The most popular trader according to Bitcoin.com
TOP-5 Advisor Blockchain projects by ICOholder.com
Master’s Degree at Kyiv National University / Institute of International Relations. Thesis topic: “The evolution of the world cryptocurrency market”
About our project
excavo.finance
EXCAVO PROTOCOL IS THE AUTOMATED MARKET MAKER (AMM) BASED ON A CONSTANT PRODUCT FORMULA FOR INVENTORY MANAGEMENT SPECIALLY BUILT FOR PROFESSIONAL TRADERS
MOD: Q2. Excavo is the Automated Market Maker (AMM). Can you explain to us what is AMM and how it works?
Mr. Eugene Loza: I will share information on my tradingview page where 96k subscribers
Hi this is the link you can read more information there
MOD: Q3. Why did you choose the Excavo name and use the excavator logo? What is the reason behind it? And why do you feel that Excavator is suitable to represent your project?
Mr. Eugene Loza: We created EXCAVO brand in 2016
short story
Every main is an earner, back in the history men had to hunt to bring food home, now men go to work to earn money and bring them home
Today the best hunter is a men who created a business, business is a machine that provides profit. Following that logic the best machine is an excavator. Brand has to bring emotions, in our case power, strength and stability. This is the emotion that I was looking for creating brand EXCAVO
MOD: Q4. Many new projects have sprung up at a time when ETH transactions require high fees. Are you one of them? If not, what problem do you want to solve?
Mr. Eugene Loza: We will be moving to layer 2 to minimize ETH transaction fees
MOD: That’s great
Hopefully your project can be the answer to all of us who have been complaining about expensive ETH transactions
MOD: Last question for segment 1
MOD: Q5. What is your closest target for the next 1 year and what strategy are you using to reach that target?
Mr. Eugene Loza: In October we launch our trading platform
Then we plan to add leverage trading
Level 2 layer for fees minimizations
We also will work on increasing number of users on our platform
To do that we will provide partnerships, exchange listings and we will teach our community on how to use DeFi
SESSION QUESTION FROM TWITTER
MOD: Q1. From @Withoutyousam
Partnerships seem to be very important. How’s the status of excavo partnerships? Can you share some of the partnerships you have formed with existing blockchain foundations recently?
Mr. Eugene Loza:
Here is the list of existing partners and we are working every day on increasing their numbers
MOD: Q2. From @weloveyoukl
Marketing strategy is very important. A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
Mr. Eugene Loza: Right now we have more then 100k of traders/subscribers, whom we will educate on how to use DeFi, this is our first step in marketing our product. Then we have in mind partnerships, listings, etc
MOD: Q3. From @affrondds
As an investor and early adopter, I find it difficult to access/value a project in the short term and require longer periods of time to fully understand, recognize and value it. So, to help my understanding, can you tell me what plans are set in motion to add value to excavo?
Mr. Eugene Loza: The value of the product depends on the services that it provides as well as the number of people who uses it.
MOD: 2 last questions from Twitter
MOD: Q4. From @Rushh_Fordd
The existing project sometimes only thinks about the profit for the team without thinking about the profit of the investor. How do you make a profit while still providing benefits for investor.
Mr. Eugene Loza: AMM by design provides revenue to the liquidity providers
Also traders who participate in deals can trade safely without 3rd party risks
We are traders who are building product for traders
MOD: Last question from @manugotsuka1
In the Whitepaper appear so many tokens related to Excavo, so can you explain why do you need 4 types of tokens?
Mr. Eugene Loza: Those are not 4 types of tokens, those are tokens used within our system. All of the DeFi projects have a lot of internal tokens, eg pool/lp tokens. We are transparent in terms of our under-the-hood tech thats why we mentioned all of the tokens in our WP. However, only one would be the main/tradable one
SESSION FREE ASKING
Q1 From @luckydraw66: Many of the top exchanges has functions such as launchpad,lending, staking etc. that interest many investors. So, is EXCAVO planning to launch these functions in the future?
Mr. Eugene Loza: In October we launch our trading platform
Then we plan to add leverage trading
Level 2 layer for fees minimizations
We also will work on increasing number of users on our platform
To do that we will provide partnerships, exchange listings and we will teach our community on how to use DeFi
Q2 From @kherrera22: EXCAVO, is built for professional traders, but, do you have as a short term goal to innovate and develop some application that helps and favors the small and new traders and at the same time, the development of DeFi?
Mr. Eugene Loza: We will provide unique incentives for traders
We have a competitive advantage – a large community of traders (over 100k of subscribers, this is a product from traders for traders)
Commission is how we deal with commissions for token holders
Commission = 0.4%*k
1-5 tokens k=0.9
5-10 tokens k=0.8
10-20 tokens k=0,7
20-50 tokens k =0,6
50-100 tokens k=0,5
>100 tokens k=0,4
Q3 From @Rifat118molla: Yeild farming is a new trending so do you have any plan to yeild farming system development?
Mr. Eugene Loza: our platform is based on yield farming system for liquidity providers
Q4 From @sentung5: a few days ago we both heard a news headline entitled ‘hacking’, how do EXCAVO think about it ?? well, the most important thing is how EXCAVO prevents and protects assets from similar incidents.
Mr. Eugene Loza: our smart contract would be audited to prevent hacking attempts
Q5 From @Erdoganturki: Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to crypto industry that will bring greater abundance to the industry?
Mr. Eugene Loza: Right now we have more then 100k of traders/subscribers, whom we will educate on how to use DeFi, this is our first step in marketing our product.
We see great potential and future in DeFi
MOD: Thank you sir @EXCAVO for attending this event. I hope all this knowledge will make us understand more about EXCAVO
- Website : https://excavo.finance/
- Whitepaper : https://excavo.finance/
- Twitter : https://twitter.com/EXCAVO
- Telegram Group : https://t.me/excavo_chat
- Telegram Channel : https://t.me/excavochannel