Congratulations to the Following Members of EFG Telegram in Our First AMA’s Event
These are 35 lucky players of this campaign, $10 USDT will be given to you soon!
1. Jarjit Mehran
Q: Can you list some great features of EFG that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
A: The capital logic of EFG is based on the behavioral finance case based on the bilateral volatility token lending. The volatility of EFG can promote the trading of momentum traders.
2. Marisol Wilkinson
Q: Can You tell about Your Governance Model? What are the main Benefits for #Farmer & #Staker on the platform?
A: EFG is built around behavior finance focusing on the 5 logic of the following;
• Arbitrage Pricing Theory (APT)
• Option Pricing Theory (OPT)
• Capital Asset Pricing Model (CAPM)
• Modern Portfolio Theory (MPT)
• The Efficient Market Hypothesis (EMH)
As for the benefit for both the farmer and taker, GPT will be rewarded via staking of EFG in which will lend via placing ECOC as collateral.
We only hold 10% of both for the use of market and development of both token so the market will be a niche of both this and definitely give both the farmer and staker a high reward
3. Luella Funk
Q: Now that technology is changing every second, are you afraid that in the future EFG DeFi will lag behind new projects with newer technologies? Do you have a plan for this?
A: Blockchain is always evolving and so do we, we might not always be at the front since new tech will always come out but im sure we will always be up to speed in the front.
4. Carmen Bartoletti
Q: Can you briefly explain how the top milestones that EFG DeFi team aims to execute before the end of this year or going to execute in future, will help you succeed and what EFG DeFi may look like in 2020 and beyond?
A: EFG will open its cross-chain Defi platform with eth in 2020. Of course, the financial model of this platform is based on the financial model of EFG. In the future, EFG will be one of the main ecological applications of ECOC. ECOC will be involved in more ecological fields, which we will announce in 2021.
5. Cheyanne Botsford
Q: What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
A: We will make the most important layout of EFG through better market value performance and community ecological demand points. At the same time, after EFG is launched, we will continue to analyze the specific practical operation cases of EFG, to help users protect, and obtain profits and assets investing in EFG!
6. Precious Gerhold
Q: In terms of regulation, are you fully compliant that will ensure peace of mind among investors? Do you think EFG DeFi is ready to face the challenge of government regulation to achieve that goal?
A: Whether it is science and technology or finance, the creation of blockchain is to change the pattern, not to conform to the pattern. We hope that all the innovation in our industry will contribute to the development of human society!
7. Gawr Gura
Q: we all know that the majority of real-life users don’t know what blockchain is all about. How will EFG bring the adoption & education on blockchain and consequently DeFi to these ones?
A: We will open the ECOC centered blockchain college in 2021 to continuously expand ECOC ecological construction through knowledge transfer!
8. Annabel Dickens
Q: What features does the EFG DeFi have, and which features are really the main weapon that even other projects don’t have?
A: At the same time, we show detailed fundamental data to provide a more perfect analysis method for traders. At the same time, EFG is Defi, dApp is not CEFI.
9. Samanta Mitchell
Q: What is the biggest challenge for EFG DeFi in the future? how do you plan to solve this problem?
A: There are two main challenges for EFG and, sincerely, any dApp (to be really “D”). The first is the decentralization of oracles. The second is the cross-chaining(interoperability) to be carried out as much decentralized as possible. Both are difficult tasks. Fortunately, these parts can be updated in the future for EFG without the need of changing the core smart contracts.
We have already done and continue doing research on these. This will be a continues filed of research and implementation. Improvements will continue by cycles (research-implementation-deployment).
10. Abim Khan
Q: What are the plans of EFG in place for global expansion, are you focusing on market at this time? or focus on building and developing or getting customers and users, or focusing on partnerships?
A: The main function of EFG is to promote the ecological cycle of ECOC. At the same time, because good ecological circulation will drive the continued expansion of the ecological community! Also, we considered the future trend of EFG in several aspects! Firstly, we preferred the design of the financial capital model. Secondly, we divided EFG into several loan pools. Hope that more community capital will participate in forming the EFG community!
11. Bailee Wintheiser
Q: Can you list 1 or 2 deadly features that make #your project stand-out from its competitors? What competitive advantage does your platform have that make you feel the most confident in yourself?
A: — Options that fit many investor profiles
- High security
- Sound logic
- Low blockchain fees; no fees on borrowing/lending/repaying etc. by contract
owner
- User friendly UI
- Fully open source
- Extendable to accept any kind of assets, even from other blockchains (cross
chain capability)
12. Yvonne Hamill
Q: What are the great achievements that EFG DeFi has achieved so far? What difficulties and risks did you encounter during project implementation and what factors helped motivate you to overcome difficulties?
A: The biggest difficulty we encounter is the expansion of community ecology. How can we meet the needs of community ecology, including knowledge demand, capital demand, and profit demand!
13. Patsy Bednar
Q: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates about $ this project?
A: You can learn about the update of the project through the official website of EFG ECOC, and our media and telegraph community. At the same time, we will also publish outstanding projects on ECOC through relevant channels for everyone to discuss! (add link)
14. Gwendolyn Will
Q: Hello sir. Can you share with us about long term project plan of EFG DeFi protocol?
A: Yes, we think that EFG will be a very important dApp on ECOC’s main network, and a DAPP that provides the main cycle for ECOC overall ecology, so we will vigorously support its development!
15. Kelli Beahan
Q: DEX is an important sector in DeFi and the daily transaction volume of Uniswap briefly exceeded Coinbase for several days in a roll this month. Do you agree with the argument that DEX is replacing CEX?
A: I agree with that. But need to go through a period to run in! The form of centralization hinders the development of the community and violates the spirit of contract in many cases! For human trust has brought indelible damage! So, I think DEX will replace CEX in the future! It’s just a matter of time!
16. Elang Permana
Q: Finding hidden DeFi gems isn’t easy. In the early stages, these projects are usually on an insignificant exchange, have a small volume, very low market capitalization, no hype and very few people talk about them. Can you give us some reasons why EFG is touted as the token of the future?
A: The blockchain financial field needs continuous innovation. We not only integrate the traditional financial products into the blockchain technology field but also combine the two. Only by combining the capital model in the traditional financial field with the unique capital model in the blockchain field, can we create more space! This is also the biggest feature of EFG! We combine these two fields!
17. Myrtle Welch
Q: Where can I stake or mining EFG DeFi in exchanges? How can EFG DeFi make user trust and hold/invest in?
A: EFG will be available on our platform https://efg.finance/ . EFG philosophy is built around the 5 key fundamental theories that maximize behavioral finance’s core principle which will maximize investor benefit as well as our ECOC coin hasn’t let any of our investors down yet.
18. Oleta Dickens
Q: To what extent EFG DeFi, lets developers create products?
A: EFG is fully decentralized. That means that the official UI is no obligatory. Developers can use the SDKs of ECOCHAIN to directly interact with the smart contracts and automate actions. Everything is open source and developers can also use their own tools to write custom code. In short, there are no limits except the rules of the smart contracts.
19. Mayowa
Q: Hello, we can see uncountable amount of hacking & leaking news in this cryptocurrency space. How you ensure that the assets of $EFG users are safe and secure?
A: We have followed safe practices during development and carried out many test cases. Additionally, EFG and GPT smart contact have been audited by CertiK company.
20. Engenia Waters
Q: What’s the competitive advantages of EFG DeFi? How EFG DeFi is better than its competitors?
A: EFG provide very low risk for the liquidators. It also gives opportunity for high gains to the borrowers. Safety was always kept in mind on development. Finally, EFG is based on ECOCHAIN, who has very low fees. Any interaction with the blockchain has very low cost compared to other DeFi projects. Also, cross chaining is possible.
21. Claire Casper
Q: As we know, every successful project has a few stories behind the scenes, what’s the story behind EFG DeFi success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming EFG DeFi updates that you want to show/share with us?
A: The vision comes from the first layer, ECOCHAIN. We envision an ideal platform for any kind of dApp. We believe that ECOCHAIN can be that platform. Actually, our motivation was not greed or financial profit for EFG creators. We want to use EFG as a proof that ECOCHAIN can run decentralized applications safely, efficiently and with low operations costs.
22. Rhoda Senger
Q: Is your project completely decentralized and is there a risk of centralization in the future?
A: EFG is a complete decentralized product
23. Abdul Aziz
Q: I know Ecoc is a very good project. EFG is new product of Ecoc. What is the roadmap for making success EFG?
A: Demands! Market demands, psychological demands, capital demands, profit demands! When a product can constantly meet the needs of the demand cases, it is a good product!
24. Stephania McDermott
Q: What are the great achievements that EFG DeFi has achieved so far? What difficulties and risks did you encounter during project implementation and what factors helped motivate you to overcome difficulties?
A: EFG is a decentralized application that is user friendly, secure and serves investors of different profiles. Risk averse and risk tolerance investors can choose to be debtors or creditors, combining high risk with high profits or vice versa.
The greatest challenge of implementation from a technical point of view is security. The team behind EFG is also the Ecochain team, so our main motivation was to prove to the world that ECOCHAIN is capable to host any type of decentralize application
25. Sydnie Lesch
Q: Where I can buy EFG? Do you have plans for listing on more exchanges in this quarter?
A: EFG will soon be released and open to trade, we will announce to the public in advance.
26. Claire Howe
Q: You have often highlighted powerful “accelerators” that support you in your Medium posts. So, with the power of these accelerators, are you planning to invest in different startups as EFG DeFi and maybe establish your own Global Security Blockchain Acceleration Program?
A: ECOC has an independent investment agency to provide investment and incubation for ECOC ecological projects!
27. Alice
Q: How ECOC Finance Growth or EFG is different from other DeFi? Can you give me special features about your project to convince me and other big investors to invest in EFG project for Long-term?
A: EFG is created with a strong financial logic concept and doesn’t have a stable token, which will generate more possibility and profit for investors from both our token and we are also the first public blockchain that launch our own DeFi product, our previous success of our own coin says a million words.
28. ❇️ The Chosen one ❇️
Q: Does the EFG team have a training and guidance system for newcomers to cryptocurrency? How do you attract and reach them?
A: Definitely, all newcomers will be able to get their guidance from our telegram channel which all our admin will be able to assist and guide them! Basic information will be able to be sourced out from our website.
29. Sam Torpedo
Q: What is $EFG roadmap for this year 2020? Are there any new partnerships and interesting upcoming use-cases?
A: We will be looking to bridge our platform with other token this year and cross-chain in year 2021. Partnership is still in discussion and upcoming use-cases will be announce in the early part of year 2021!
30. Pyon Hung Sae ™
Q: Could you explain the main utilities and use-cases of $EFG?
A: Borrowing, lending and farming are the main functions. For people that have digital assets that don’t want to sell they can borrow EFG and sell to the market. If they also want high risk, they must overcollateralize to be on the safe side. So, actually the use case is finance.
31. ahMeD momOGI
Q: How do EFG team generate revenue to sustain the project? & What are your goals to the end of 2020 and beyond?
A: EFG is a part of ECOChain eco-system, rather then generating revenue, we are looking to created exposure for both our project!
32. Yen Santos aldrena
Q: What is EFG plan to ensure sufficient liquidity on the exchange to fulfill market orders, especially as adoption increases and clients begin to multiply year after year for your project?
A: Fortunately, we have already found investors that have decided to invest on this project as lenders (to provide liquidity). As it seems, today there is much money parked money without having any profit because the investors are risk averse and DeFi (or even traditional markets) carry a high risk. This is true and, sincerely, a rational behavior. So, it proved easy to find initial liquidity providers. We call them “Pool leaders” in EFG. This liquidity is more than enough for the initial phase. Of course, anyone can be a pool leader. When EFG will be established and gain status in the minds of investors, more will join, because low risk investments, even with low profits, are in high demand, as the risk-free rates today are zero (or even negative!) in traditional markets and banking system.
33. ROHIT MEHRAN ☀️☀️☀️☀️
Q: There we see many projects that claims they are fully Decentralized. But they done their work in a Centralized way. How can we sure that EFG is fully Decentralized? Can you please tell us what’s $EFG working method?
A: You can analyze whether our project is decentralized through our open source code!
34. Resnata Imran (RI)
Q: How does the EFG audit system work? is it enough to prevent cyber-crimes that often occur especially on the DeFi platform?
A: We follow strict rules on development. We use testing frameworks and write many test cases, which must pass before we finalize the product. To be honest, smart contracts run in a turning complete environment. That means that there is no guarantee that no bugs exist (unfortunately). Common and long-time tested practices, for example using safe a math library are the tools to combat critical bugs that can pass it production.
About cyber “crimes”, the term is obscure. If the question is about code security then the users must not worry. There is no capability of “flash loans”, AMM etc. The business logic is simple and clear. If the term “crimes” means money laundering or similar then we can’t combat that, because EFG is decentralized. There is no KYC.
35. Shekwoyemi
Q: On which exchanges can we find your token? Can your token be staked?
A: The list of exchange will be announced pretty soon.
Yes, our token, EFG can be staked and GPT will be the staked reward.
#EFG #EFGFinance #EFGDeFi #DeFi
Stay connected!
Website: https://efg.finance
Twitter: https://twitter.com/EFG_DeFi
Medium: https://efg-defi.medium.com
Telegram: https://t.me/EFGtoken
