Hotbit AMA🎉 AlgoVest (AVS) AMA in English Telegram
AMA content review
💗Guest:Joe, AlgoVest.fi CEO
Daisy Lee: Hello, everyone! Let’s welcome Joe, AlgoVest.fi CEO to introuce 【AlgoVest】 to us in AMA. Please give a brief introduction about yourself, your experience and role in AlgoVest?
Joe: My name is Joe, CEO of AlgoVest project. I’m an entrepreneur with 15 years collective experience in Accounting and trading financial markets. I delved into trading crypto in 2017 and later worked on promoting a few crypto projects. Combining forex and crypto is a lot of work trading these markets manually. So, I conceived the idea of automated trading systems. Here we are with AlgoVest!
Daisy Lee: Thanks for the introduction. Let’s start my questions. How many people are in your team at AlgoVest?
Joe: We are 7 on the team. The project manager, three developers, creative director, marketing officer and myself. On the 3 devs, we have 1 frontend and 2 backend devs. They’re really good.
Daisy Lee: What can you tell us about the AlgoVest and its token?
Joe: AlgoVest is a capital protection and growth project powered by a modular algorithm. The AVS is its multi-DeFi-utility token that uses the Protect, Reward and Burn mechanism as Proof of Capital Protection (PoCP) and derives its value from an underlying community treasury fund powered by the disruptive artificial intelligence AlgoVest trading algorithm that protects and grows investments. AlgoVest ensures capital protection and consistent profits that benefits the project. Btw, we designed the Protect, Reward and Burn mechanism for AVS.. It’s amazing how it grows value.
Daisy Lee: What problems are you trying to solve by launching AlgoVest project?
Joe: The problems facing traders and investors is huge. This is why AlgoVest was created. Trading financial markets is very stressful and time consuming. Most traders can’t earn a living from trading because they don’t make profits, infact, many lose their money because of the high risk involved with trading financial markets. Things get even worse due to human error and inability to control emotions. These are problems that the #AlgoVest modular algorithm. Our AI trading systems ensures capital protection and consistent profitability, which is subsequently channeled to benefit AVS token holders by creating value and growth.
As we all know, there’s no guaranteed certain percentage of return in certain period of time based on the nature of financial instruments, but our AI systems are making the best decisions on the balance between the risks and profitability. And generally, there will be no more blown accounts, lol, with our algorithm generating monthly returns of between 20–40%. Wayback, I blew many trading accounts. Terrible experience. Many still lose tons of money trading forex and crypto futures. Why stress, when you can invest in AlgoVest algorithm and earn consistent passive income.
Daisy Lee: Talking about the modular algorithm trading systems powering the AlgoVest project, can you share some insight into this technology?
Joe: AlgoVest is a disruptive artificial intelligence trading algorithm, which aims for consistent profitability in financial markets, utilizing safe trading system and advanced mathematical formulas to improve trading accuracy and reduce the risk of loss. It’s a complex system that we spent many years to develop at AlgoVest.
Daisy Lee: Who built the modular algorithm systems?
Joe: We used a team of software engineers and experienced traders, led by me, to build the AlgoVest multiple AI trading systems based on three years of research and development. The systems are built on different strategies with similar baseline of artificial intelligence as the foundation. They are self-adaptive and self-learning. We have tested the systems for over 1 year with observable ups and downs. Now they are comparatively safe and stable to use after modifications. You can say AlgoVest is my baby. Yes, I conceived the idea and worked with others to build it. I’m so excited that the results of the systems have been great. 20–40% monthly is juicy. It will all be for the benefits of our AVS token holders.
Btw, we’re having a short second round of AVS token pre-sale for anyone interested to join here: Presale website https://presale.algovest.fi/
Daisy Lee: Great! Why do you think the AlgoVest project is unique?
Joe: We designed a mechanism that isn’t found in any crypto project at the moment. It’s called the Protect, Reward and Burn mechanism.
Protect. AVS token holders benefit from our capital protection policy designed to optimize AVS token value by using a percentage of community treasury fund for strategic AVS buybacks from the open market to provide upward price pressure and protect holders.
Reward. AVS token holders can earn amazing rewards from the AVS rewards pool when they stake or provide liquidity for the AVS token. 80% of AVS token buybacks are deposited into the staking reward pool to reward stakers.
Burn. AVS token holders gain value when we decrease token supply by burning 20% of the AVS token buybacks, creating scarcity and long term value for AVS token holders.
There is no project that does a combination of all three currently in the cryptospace. So, AlgoVest stands different with this.
Daisy Lee: Many cryptocurrencies have no utility, so can you tell me if AlgoVest has real utility that will increase demand of token in the long run?
Joe: AVS is the token for the growing AlgoVest ecosystem. AVS gives token holders access to the DeFi features of AlgoVest project like: staking, liquidity mining and voting rights. We will release more information about each of those AVS utilities as they’re launched. And we are constantly looking to build more utilities for the AVS token. And more marketing will be done to show our results and create huge awareness for these utilities. Anyone who wants to enjoy these rewards is welcome to join our community at @AlgoVest.
Daisy Lee: Thanks for your detailed introduction. Sounds really impressive what you have done. I think our members have a deeper understanding of AVS now. Maybe they still have some questions. Now, let’s proceed to the next session public Q&A.
@priojan: Do we as investors of your tokens have the right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Joe: Yes, token holders, especially stakers will have voting rights. They can vote on how the community treasury will be utilized, either for token buybacks or for growing the AlgoVest ecosystem.
@Pranab1111: Most DeFi projects especially those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yield farming?
Joe: Our AI systems generates consistent profits and we will be focusing on results driven marketing. We believe those who love good results will always stick around.
@trumdade: What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project?
Joe: As part of our Algo stack, we are developing an MM system to provide liquidity for our token. It’s in its final stage. So we believe this will solve it for us.
@kuhlmangregoria: Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
Joe: We audited our smart contract and we have a security policy of auditing before deployment. So we will audit the staking contract before deployment. For the token smart contract, read the audit report here https://solidity.finance/audits/AlgoVest/
For the liquidity mining, we will form partnership with another project and they have their smart contract audited too.
@abirthelosser: Many of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to long term?
Joe: The longer token holders support us, the more rewards they can get due to token price appreciation and staking rewards. Our algorithm makes consistent profits that will grow and benefit investors in the long-term.
@florinestehr: How will Your Project convince people who has a little knowledge about crypto currency to partake in the project ?
Joe: We are considering opening our algorithm to the public. What this means is that, anyone, can invest with us and they get 5% monthly for their investments. This is not finalized but it’s something that will create adoption of our AVS token.
@Jessie_099: Where do I get information about your team? Why do you prefer to be anonymous? Do you have a plan to identify your team later?
Joe: We have plans to go public in the future. Right now, though, we will prefer to stay this way until we’re sure of compliance. We will hire a compliance officer to start the process.
@chowdhuryy: What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
Joe: Our strength is the consistent profitability from our modular algorithm. Weakness? We are not a blockchain, just a crypto project built on Ethereum. In the future, there plans to build decentralized hedge fund systems. But the big boys will fight this.
@ZPOVZ: Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the token on the leading exchanges?
Joe: We will list on big exchanges when the time comes. Hotbit is great for us. We’re impressed already.
@hotdog1230: What are the major milestone for ALGOVEST in this year? Can you share with us the short-term goals and long-term goals of ALGOVEST ?
Joe: Engaging a legendary crypto investor, The Baron is great for us and he helped us raise $150,000.
This has been amazing.. Thank you all for the great questions. If I didn’t answer your questions, you may want to join our Telegram community at t.me/AlgoVest to engage more with me. I have some time when our modular algorithm does the trading.
Daisy Lee: Thanks for joining us today.
If you want to know more about AlgoVest or have more questions about AlgoVest, please check:
AlgoVest’s website and community links can be found here.