RECAP#AMA1106

CryptoFury x Equilibrium

⏰ Time: Jun 29th , 12:00 PM UTC
💰 Reward Pool : 100$
💎 Place : https://t.me/CryptoFury_Chat

Question for Part 1- Project overview:

1. Can you briefly introduce yourself as well as Equilibrium? And from where you get the project name? What does it mean to you? And why you choose this name for your project? What is your mission and vision to build this project? What you want to achieve Through your project in future?

Alex: I’m Alex Melikhov, the Founder and CEO of Equilibrium and Genshiro. I’m an engineer in applied mathematics. Before blockchain I was focusing on fintech, mostly payment systems and gateways. I became completely involved in crypto after co-founding Changelly in 2016.

2. What strengths do Equilibrium have to compete with competitors? Can you tell me more on the token contract, and how does it reward investors?

Alex: Absolutely In layman’s terms Equilibriums is DeFi 2.0 with high leverage. It’s a one-stop platform to earn, borrow and trade at max efficiency.

3. What are your significant achievements till now and what are your other plans for this year?

Alex: Sure. Let me share our roadmap with you first

Part 2: Pre-selected questions from our community

1. I read that Equilibrium is built on Polkadot and has a parachain in Kusama called GenshiroDeFi. What have been the advantages that this technology infrastructure has provided to Equilibrium and how has it provided them with greater risk control than existing primitives?

Alex: Genshiro is a cross-chain protocol that helps users stake, earn yield, borrow and trade, using asset portfolios instead of single collateral vaults.

2. The EQ token is Equilibrium core utility asset and they are used for paying fees, accessing liqiuidated cryptocurrency collateral, etc. Will the EQ token have a burn mechanism to increase the value and rarity of EQ? Where can users purchase EQ tokens?

Alex: EQ enables the community governance of Equilibrium. It can be used for transaction fees, product fees, and platform liquidity on Equilibrium
It has several use cases which distinguish it as a true DeFi 2.0 token
Let me drop it here to you

3. I saw that you announced your collaboration with Republic Crypto. But may we know, what is the result of this collaboration for Equilibrium especially? Will there be another partnership in the near future?

Alex: Yes, let me cover our Republic campaign as well

4. I read currently that @EquilibriumDeFi is hiring ,I’ll like to know what positions are available for one to fit in? What are the requirements to join ? Do you have plans to onboard ambassadors for this project? How do you feel about having communities across the globe to aid growth?

Alex: Yes, we are. If you think that you can contribute to the project, feel free to join our team: https://equilibrium.io

5. I am aware that Equilibrium provides a bailout mechanism that offers an efficient method for managing risk and debt within any DeFi protocol. Could you still describe how this bailout system was designed and what function the bailsman serves?

Alex: That’s a good question. Let me cover it as well

Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community

1. Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
Very Good Question Sir 🙏

Alex: Let me share our social media, so you can always be on top of the things with Equilibrium and Genshiro:

2. My question important :

Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?

thank you ✅✅✅🔴🔴

Alex: All of our team members is playing vital role in the development of Equilibrium and Genshiro. However let me highlight some of them.

3. Hi sir,🙏Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?thanks 🙋‍♂️

Alex: We will consider it in future. The idea of staking NFT or putting it as a collateral is an interesting concept. However, we need to develop several mechanisms to value it first.

4. Do you have a AUDIT certificates?
Or,
are you working to AUDIT Your project, so that the security of the project becomes more secure and reliable?

Thanks Sir.✅

Alex: Equilibrium was recently partnered with Quantstamp. Quantstamp will audit Equilibrium’s core components, including the code which governs its underlying business-logic on balances, its risk and price modules, and its “bailout” mechanics. Quantstamp’s audit is of key importance to ensure the quality of Equilibrium’s performance. The main reason is that you are customizing a blockchain runtime when you are building on Substrate. If a bug affects a part of the logic on the Substrate, the blockchain as a whole can come to a standstill.

5. Where can we buy your Tokens to invest in your project and what is your current contract address?

Alex: The only way of getting EQ tokens right now is to participate in our Republic offering. https://republic.com/equilibrium/

All details about ArchLoot could be found below

🛢 Website : https://equilibrium.io/
🛢 Twitter: https://twitter.com/EquilibriumDeFi
🛢 Telegram Chat: https://t.me/equilibrium_eosdt_official

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