Hotbit AMA🎉:DNAxCAT AMA in English Telegram

AMA content review

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💗 Host:Cyrus, Hotbit AMA Host

💗 Guest: Trooper Prime, Protocol Lead of Handle.fi

Cyrus: Let’s welcome Trooper Prime, Protocol Lead of Handle.fi @troopr_eth to introduce【Bringing multicurrency stablecoins and foreign exchange to decentralized finance】to us in AMA. Thank you for being with us today!

Could you introduce yourselves to our community?

Cyrus: Tell us what handle.fi is, how it works, and what kind of value the protocol adds to the ever expanding DeFi ecosystem?

Users can mint these stablecoins, for trade settlements, borrowing or local currency stablecoin farming

Users can earn from providing local currency stablecoin liquidity and from funding protocol liquidations and also via our governance token FOREX

USD stablecoins have grown and proliferated, now with handle.fo users can access stablecoins in their own currency for settlement, currency speculation and payments

Cyrus: How many stablecoins will handle.fi be supporting?

Cyrus: Do you have intention to expand the reach of more stablecoins in the future?

Cyrus: How does fxtokens differ from other stable currencies? What are the benefits of fxtokens?

Multi-collateral vaults allowing capital efficiency, decreased liquidation probabilities so users can make use of more of their assets. 1:1 redemption facility helps ensure fxTokens maintain their peg value. Handle protocol ‘fxKeeper’ pools ensure efficient liquidations to maintain system collateralization. Partial vault liquidations ensure users don’t forfeit more collateral than is required to maintain their debt positions. The protocol controlled treasury generates additional returns on users’ staked collateral. And finally we are operating on layer 2 solution — minimizing transaction costs, increasing speed, whilst maintaining all the security and decentralization benefits of ethereum blockchain

Cyrus: Being a multicurrency stablecoin protocol that aims to encourage trades in local currencies, what ways will Handle.fi use to achieve global adoption of its fxtokens?

So partnerships with payment projects, NFT projects and gaming projects — where their users would like to operate in local stablecoins will drive strong growth. Additionally our launch of FX leverage perps — will drive even more users to the protocol — the global FX markets dwarf the size of crypto. And now with L2 solutions we can bring high speed, cheap and secure and decentralized FX trading to defi and the cryptoverse

Cyrus: How does handle.fi intend to increase the liquidity for FX tokens?

Cyrus: What events are coming up soon in handle.fi?

Demand has been exceptionally strong so far. In addition to TGE token distribution we are implementing a range of community rewards for TGE participants — these can be seen here https://docs.handle.fi/token-generation-event-tge/rewards

One of the most exciting is our t0-Trooper NFT drop. To celebrate our TGE we’re releasing a limited edition NFT series: t0-Troopers. The first 63 “t0-Troopers” will be allocated by TGE contribution order, with the remaining 147 randomly distributed to the balance of all the TGE contributors. More details as of this are here https://docs.handle.fi/rewards/t0-troopers-tge-nft-series

Cyrus: Now we move to the last segment of the AMA session public Q&A, Now let’s invite @troopr_eth to pick some good questions to answer.

@OlenCoble: Where can I buy your tokens now and how can I buy them? And what are your current contracts? Where can I buy your tokens now and how can I buy them? And what are your current contracts?

Trooper Prime: tokens are NOT FOR SALE NOW — please do not buy any tokens that say they are handle.fi. TGE will be on 21 SEP 21 — and all details will be announce then via our twitter account https://twitter.com/handle_fi and website handle.fi

@josbatlar11: Do you have Whitepaper if yes please share it with us and secondly do you have plans for pre-sale? Where can we join it??

Trooper Prime: the best place to get information on the project is via docs.handle.fi. Join the discord at https://discord.gg/nbSdYCDGhh and try the testnet at app.handle.fi

@waltsonmr: Currently binance smart chain, polygon chain, Solana chain are very trending tropic in blockchain space. Do you have any plan to interrogation these chains?

Trooper Prime: yes we believe in a multichain future — initially we will start on ethereum and ethereum L2 solutions — thereafter a rapid rollout to polygon, Solana and potentially BSC

@Dis2330: Is your project available to individuals all over the world, or is it restricted to a certain region? Are you guys planning to make it available internationally?

Trooper Prime: US residents and residents of OFAC sanctioned countries are excluded and CANNOT participate.

@Bangladesh2eeee121: Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Trooper Prime: In forex trading, ‘handle’ refers to the part of the quote that appears in both the bid price and ask price. For example, if a currency pair can be bought for 1.6456 and sold for 1.6400, then its handle is 1.64.

@benhuk1: What steps have been taken to make your project secure and reliable? Have you completed any audit?

Trooper Prime: the contracts are currently being audited — once finalized we will release these audits, going live in a staged rollout — with an ongoing bug bounty — all the code will be publically viewable on our GitHub https://github.com/handle-fi

@SHOYON75: There are so many RUGPULLS and SCAMs in crypto. Why should we trust your project will not be a scam? How are you going to make investors believe on your project?

Trooper Prime: Handle Fi, backed by some of the world’s leading cryptocurrency investors, traders and operators — we have the support of these participants who have all conducted extensive due diligence — nothing is without risk so all participants should consider all risks

@xxxxxxxxx12112: As a community based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System??

Trooper Prime: we have extensive community rewards programs — we call these Protocol incentive experiments — or PIEs in short. You can participate and read more about them here https://docs.handle.fi/rewards/protocol-incentive-experiments

@asif862: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? Can you share it with us?

Trooper Prime: we have you tube channel that contains community and official content — project information and instructions — it can be viewed here https://www.youtube.com/channel/UCRzJOlfs5-MPZEvlxm3W9Xg

@Anwar14821: I am a professional vulnerability finder on the web, do you think your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?

Trooper Prime: we have engage professional auditors to review all code, further we will be launching bug bounty rewards to increase security — we are always looking to improve security, decrease vulnerabilities

Cyrus: Thank you. The above is all for today’s AMA. If you want to know more about Handle.fi or have more questions about Handle.fi, please check

Handle.fi’s website and community links can be found here.

Official Website: https://handle.fi/

Telegram: https://t.me/handle_fi

Twitter: https://twitter.com/handle_fi

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