Viking | OIG, [29 May 2021 at 07:51:53]:

DeFi City — Yield Farming Gamified & Simplified

How does it work?

Farming in DeFi shouldn’t be agonizing. It should be fun. Like playing a game! With DeFi City, there’s no more need to waste time managing many different farms across multiple platforms. Instead, login, buy a plot, build a beautiful, fully customizable NFT-based city, incorporate your farms, and farm

Viking | OIG, [29 May 2021 at 07:51:53]:

We are gearing up for the AMA with https://defi-city.com in 10 minutes

CAG, [29 May 2021 at 07:56:45]:

AMA with DefiCity starting in 5 minutes! Channel has been muted now.

Max | DeFi City | Will never PM you first, [29 May 2021 at 07:58:51]:

Hey guys! What a pleasure to be here :)

Viking | OIG, [29 May 2021 at 07:59:14]:

Thanks for coming guys !!

Max | DeFi City | Will never PM you first, [29 May 2021 at 07:59:28]:

Sure :)

Viking | OIG, [29 May 2021 at 08:01:06]:

Today we welcome the team From Defi City

Defi City is a browser-based virtual world that gamifies and simplifies Defi yield farming by allowing everyone to visualize and manage their farms and track key performance yield farming indicators from a single, visually appealing in-game dashboard.

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:01:35]:

That’s a good intro

Viking | OIG, [29 May 2021 at 08:02:46]:

We like the visual aspects of your platforms, and it’s no secret that several of our guys have been thinking about the game GTA, so it’s pretty cool. From the OIG family we are fired up !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:03:24]:

Haha it is nice to get compared to GTA — if we are as successful I think everyone can be happy

Viking | OIG, [29 May 2021 at 08:03:55]:

Yes — But that is what lots of poeple are thinking !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:04:16]:

So far we have no guns in our game ;)

Viking | OIG, [29 May 2021 at 08:04:36]:

That is properly good.. Lets dive into it…Please introduce yourself, your experience with crypto, and your project to the group.

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:06:06]:

Hi I’m max, I am from Germany. I am the cofounder of defi city. I got introduced to crypto in 2014 by Raf — who also is the co founder of DeFi City. Since then I am hooked more or less. I have been through bear markets and bull cycles.

So i am quite experienced so to say :)

Raf and am had the idea in late 2020. to visualize and gamify DeFi. For a lot of people it is really hard to understand the concepts and the pitfalls (including myself in the beginning)

Viking | OIG, [29 May 2021 at 08:08:33]:

Waouv you are an old-timer then 😉

you been in ups and downs then

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:08:51]:

Haha a bit more experienced

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:09:10]:

Yes :)

You get more relaxed over time I would say

Viking | OIG, [29 May 2021 at 08:10:03]:

1 year in crypto is like 7 years in the “real world” someone says

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:10:17]:

Yes — true

So many things happen

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:10:40]:

A bit of a comparison to dog years ;)

Viking | OIG, [29 May 2021 at 08:10:49]:

True. We have not seen anything like this gamified Defi City approach. Can you tell us how the idea came up to do it like this.

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:12:29]:

So basically Raf and me where farming and staking. And it was a pain. You have to visit all the websites to interact and to get an overview you either have to visit them or use certain tools. We thought ok — this should be more easier. Another painting is that you only get fragmented information. How to do it — what are the pitfalls.

Then we thought how cool would it be to make it easier and gamify it.

It sounds simple now but it was a lot of thinking.

But for us the core concept is to make farming more appealing to people, make it easier and that you should have fun to do it.

Including also a educational side to it. Because it makes even more fun to earn money ;)

Viking | OIG, [29 May 2021 at 08:14:30]:

Yes farming can be very scary from a beginners perspective !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:15:06]:

Yes but also experienced farmers and stakers have the problem to visit multiple websites

Viking | OIG, [29 May 2021 at 08:15:13]:

true !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:15:51]:

And appealing interface — game might also be in their interest

Viking | OIG, [29 May 2021 at 08:16:07]:

yes !! there is lots of angels !

What is the utility of the Defi City Token? How will the token increase in price for the holders

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:17:31]:

So with the dfc token you will buy your own city — a NFT. This will be brought to life and you have 256 tiles to place farms. With every purchase of a scroll 25% will be burned ( deflationary mechanism)

A nft will cost 25 dfc tokens.

As the game comes out and people start using it market will react on its own. We want to create a good working product :)

Which lowers the barriers to DeFi while educating people.

Viking | OIG, [29 May 2021 at 08:19:50]:

Sounds super cool — We are dying to see it in action — When will the community see the first demo of your platform?

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:20:12]:

In q 3 this year :)

We will do the ido in q 2 and you will be able to stake our native token, buy nfts, trade and collect them. In q 3 you can bring your City to life :)

Place farms and start monitoring it

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:22:41]:

Ah BTW there will be airdrops in the cities — so we incentivize people who check their farm on a regular basis ( financial education with benefits)

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:23:39]:

the scarcity of the nft determines your staking rewards for the native tokens -> in easy words the cooler the nft the higher your apy

Viking | OIG, [29 May 2021 at 08:23:53 (29 May 2021 at 08:24:18)]:

Ok good — so regulary users will get rewarded. Not that far with the launch! Amazing — What does the established Defi projects say about DeFi City

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:25:07]:

They are really interested. We have some good discussions with big projects already. It widened our horizon. Which also will bring more benefits to the users of DeFi City

Viking | OIG, [29 May 2021 at 08:25:38]:

Great !… first mover in some ways with this approach…

While you build your project, do you take into account community feedback and demands?

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:27:10]:

Yes — like in every ama so far I got the question of a hackathon and I really want to do it. But It is too early yet. But we receive awesome feedback and are really thankful for that. In the end the user has to be happy with our platform so we take this really serious

Viking | OIG, [29 May 2021 at 08:28:00]:

We have several developers in our group as well

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:28:03]:

Since we already have to plan 10 steps ahead it is also good to integrate the visions of the community

Viking | OIG, [29 May 2021 at 08:28:10]:

What plans do you have that you are most excited about

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:30:05]:

Like we have big plans. But my first goal is to have a good token launch and to have a good platform launch. Once this is successful we want to upgrade the features and the possibilities. But at this moment we are thinking of a main city for users to visit in which they can use several services :P

I want to do the basics — core functions right. This is my main goal. And this is also what I am most excited about

Btw main city is a long term vision ;)

Viking | OIG, [29 May 2021 at 08:31:30]:

For sure — The launch is important. The development will be intereting to follow. Speaking of that. To close things off with moderator questions — Can anything be leaked about launchpad and exact TGE time?

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:31:36]:

Just want to clear that

Viking | OIG, [29 May 2021 at 08:32:30]:

I understand your excitement

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:32:50]:

So we partnered with DuckDao which indicates a Launchpad and we recently also partnered with another platform. Maybe there will be a third one but this is still unclear

Exact tge time is not available yet. But it will be late June :)

Viking | OIG, [29 May 2021 at 08:33:53]:

We will keep an eye !.. Awesome with duckdao !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:33:54]:

But for this information it is helpful to follow us on twitter and join our announcement channel

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:34:16]:

Last week we also partnered with Ferrum Network

I am also proud of that

Viking | OIG, [29 May 2021 at 08:34:31]:

.. Yes wide reach !

I understand.. Its a statement

Lets open up for some questions from our users here to Defi City

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:34:56]:

But more to come :)

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:35:01]:

Sure

Alucard, [29 May 2021 at 08:35:07]:

Thanks for the AMA opportunity and really great concept to gamify DeFi. When a player buys a golden scroll — there is the element of randomness when getting a city with cosmetics, etc. So can this be considered as a roll to get really valuable NFTs? How is this randomness dealt with when players need to do the core purpose — i.e LP farming?

The One, [29 May 2021 at 08:35:08]:

Hey Max. Sounds like a very nice project, just like Germany 🙂

May I ask you, is there any project similar to DeFi city? It sounds like it’s a unique one. Thanks

Parsa, [29 May 2021 at 08:35:10]:

There are also other projects that will/are incorporate/incorporating yield farming and DeFi with gaming. For example evolution.land and mist.game . How do you plan to differentiate from them. And what kind of game will the game be. What vibes are we expecting to get? For example like Clash Of Clans, or GTA, or a 2D Builder etc…. ? Is it city builder game or can you actually play as a character?

clark Kent, [29 May 2021 at 08:35:11]:

Hii sir @deficitycarlo

What do you think about the opinion that blockchain-based gaming processes are slower than regular games? How can DeFi City provide a smooth gaming experience, while taking advantage of blockchain technology?

Filipanso Yuria, [29 May 2021 at 08:35:16]:

Hii sir @deficitycarlo

DeFi City guarantees to make farming fun, that means users will

start with a empty city hence the rewards they initially get might

not be worth their time or maybe worse than some low-end

farming options out there?

MarU, [29 May 2021 at 08:35:20]:

Most of the questions people had during the AMA asked about the strengths of the Project . So at this time, can we talk about your difficulties and challenges? What difficulties did you face developing the project and how did you overcome them?’

Jack Downy, [29 May 2021 at 08:35:20]:

Hii sir @deficitycarlo

One feature of blockchain-based games is a rarity. In your

opinion, which items will be scarce on Defi City platform? Can

they be minted and how often can they be minted?

Get it, [29 May 2021 at 08:35:24]:

Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?

clark Kent, [29 May 2021 at 08:35:27]:

Defi City allows users to borrow and lend across different defi platforms, in a gamified way. But how do you deal with cases of complex flash loans attacks which allow users to borrow more than their collateral value? Can you speak a bit about your platform’s security?

Lim LL, [29 May 2021 at 08:35:31]:

Will defi city have land sale like in sand and Alice does?

Filipanso Yuria, [29 May 2021 at 08:35:36]:

I’ve seen many facts, After listed in the MARKET 70% from whole DeFi project only playing Pump & Dump scheme and ends with Rug. What is the big Differentiate your project with other and Will not Do the Same Scheme? How you gain community trust?

Marlies, [29 May 2021 at 08:35:40]:

Congratulations on your partnerships with DuckDao and Ferrum! Any other partnerships in the making?

Jack Downy, [29 May 2021 at 08:35:41]:

I can see that NFTs inside the Defi City game platform can have a different quality/rarity. I assume that rarity would affect both their power and value within the Defi City ecosystem.

How can they be used in the game, and how many types of Rarity will the NFTs have? Can you also give us some example “items” that NFTs in the game can represent?

clark Kent, [29 May 2021 at 08:35:52]:

Who are the target audience of Defi City? Are there plans to reward early adopters of your gaming platform?

HaBadMan, [29 May 2021 at 08:35:57]:

Since DefiCity aim to simplify n gamify the process of yield farming, are they any plans/strategy to bring in users that are not familiar with the crypto tech? Cause if that is solved, it will be a game changer

Lim LL, [29 May 2021 at 08:36:05]:

Is there any audits being planned or done for the defi city platform?

Doctor Who, [29 May 2021 at 08:36:07]:

Hi Max, as I remember the city owners in the DefiCity will be able to see the farming and yield succes of the other neighbor citys. My question is: will be there a some kind of rewards(NFTs etc.) for the citys with the biggest % of earning?

Jijith Johnson, [29 May 2021 at 08:36:09]:

Where would you like to see your project 1–2 years down the line?

Filipanso Yuria, [29 May 2021 at 08:36:09]:

One of the big problems for DEFI projects is low liquidity, so I wonder what will they do about it to solve that? Do you have a liquidity provider program? What are the benefits of liquidity providers?

Crypto Addicted, [29 May 2021 at 08:36:17]:

@deficitycarlo What is deficity biggest compititor, what make deficity different with them?

Jack Downy, [29 May 2021 at 08:36:18]:

I am extremely curious to know what inspired the original

aesthetics of DeFi-City, In the game can you see other buildings

of other users?

Get it, [29 May 2021 at 08:36:19]:

Revenue is a very important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model ? thank

Linh Neil, [29 May 2021 at 08:36:21]:

Do you have any mechanism for transferring to ethereum network compatibility so other projects can think of using your solutions? 😏😏

Ukniser Linh | $SFP $BNB Hodler, [29 May 2021 at 08:36:21]:

Any plan to build partnership with local developers to make the use of your project more global?

👑king koog🖤 Thiên Hậu, [29 May 2021 at 08:36:21]:

How do we invest in the project? Do we have locking period or a minimum requirement to be eligible??

VU TIEN VIET viet80yb, [29 May 2021 at 08:36:21]:

What does your roadmap for 2021–22 look like? Name some important milestones you are hoping to achieve?

Sharen Alfaro, [29 May 2021 at 08:36:22]:

Users often care less about technology, but rather the value of the token. How do DefiCity manage to strike a balance between developing the technology and also improving the value of the token?

♢ Leonora Teresa ↻, [29 May 2021 at 08:36:22]:

🌺Can you tell what is the use of $DefiCity in your platform? Do you have incentives program for holding $DefiCity ?

liLIAN STAcy, [29 May 2021 at 08:36:22]:

Please name some killer features that other defi projects don’t have but you implanted in DefiCity ?

Hanaaa | Stratum, [29 May 2021 at 08:36:23]:

Regulations are important, Many projects have been shut down in many countries because they are not using the right regulations and licenses. In order to reach the whole world, how DefiCity handle this problem?

herly | blessed $$$ #AshArmy, [29 May 2021 at 08:36:23]:

what are some key features that set DefiCity aside? What does DefiCity have that other projects don’t have?

Moon Ambassador l Hoder l Investor, [29 May 2021 at 08:36:23]:

What is the primary use case of $DefiCity in DefiCity ecosystem? And how it will be helpful for long term investors?

Chiba-Spontex📕🐇😼, [29 May 2021 at 08:36:24]:

How does DefiCity generate revenue to sustain itself? What are your goals to the end of 2021 and beyond?

Iraida Warden, [29 May 2021 at 08:36:24]:

There are already number of project came in recent years which are also working on DeFi, But, whats the role of DefiCity in DeFi / What you actually want to build on DeFi?

Laurene | PHT Ambassador, [29 May 2021 at 08:36:24]:

A lots of projects only talk about their strong points, what can you tell us about your weak points?

Alice ☺️☺️, [29 May 2021 at 08:36:24]:

Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?

Bé Trang, [29 May 2021 at 08:36:25]:

What you mean this DeFi is equivalent with traditional saving account?

Charlie (Won’t DM you first) | $DOGE $SHIB $AAVE $SMARS $SKY, [29 May 2021 at 08:36:25]:

✨Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?

Vouture NOVA, [29 May 2021 at 08:36:25]:

Smart contracts are known to be susceptible to errors, bugs or hacks. So how is the DefiCity’s security system composed? In addition, has any audit report been made by sources external to your project?

Lu Stringer, [29 May 2021 at 08:36:25]:

🎲Q. Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world?

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:36:34]:

The nft determines purely the base apy of our native token. I am not sure if we already revealed the percentages but if not — it will be soon :)

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:37:26]:

I don’t think that there is something similar . Sure some aspects you also find somewhere else but not the same thing. Maybe we will get some copy cats in the future but that would be an honor then

Viking | OIG, [29 May 2021 at 08:38:38]:

Copy cats are somehow an honor!

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:38:56]:

It is more like a city builder game — but it is more important to get your farms right and have an overview of the apy. This is core for us. But the more time we have the more we will have further features of gaming so to say

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:41:12]:

Nice question. I honestly have to say there is no week without difficulties. I learned to be optimistic and there is always a solution for your problems. Sometimes not the one you thought of but that is life ;)

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:43:36]:

Security is really important to us. We will have a audit for our product and in the beginning we will start with farms we trust. We will also increase that over time with partnerships. But in crypto is always risk involved

Viking | OIG, [29 May 2021 at 08:44:09 (29 May 2021 at 08:44:47)]:

Yes, choosing suitable farms to build and integrate with is essential!

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:44:56]:

As I pointed out earlier — we are already 10 steps ahead. So we think already of future functions and possibilities that we create an ecosystem. It might also shift that we do not only provide the farming and staking possibility ;)

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:45:23]:

Not yet but there will be an audit

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:46:55]:

A platform where people are able to have an overview of their financials. Where they can interact with them and where they also can learn something. It should be fun to interact with your financials. You should be not feared to open up your portfolio

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:47:52]:

There will be first the nfts but we also think of booster packs and already have other things in mind to expand the ecosystem.

Viking | OIG, [29 May 2021 at 08:48:07]:

I really like this ! Gamechanging for DEFI that it can be fun

Ok — Max lets answer the last question and close things off here !..

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:49:54]:

Our main focus is the tech. If you do good work and continuously improve — I believe that it will be also shown in the price. With new features added to the ecosystem you always see some price momentum. But only with good and the right ones

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:50:13]:

Ok

I honestly have to say I didn’t expect so many questions

Thank you so much guys!

Viking | OIG, [29 May 2021 at 08:51:06]:

Yearh.. In the end, its gonna be the best project with the tech easy accessible

We will follow your launch and development closely here in the OIG family !. Thank you so much for taking your time to answer all the questions today — We hope to have you back and give updates

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:51:41]:

Sure thing!

It was a real pleasure

Thank you for your time

I will be back for sure

Viking | OIG, [29 May 2021 at 08:52:21]:

Awesome !! Have a good weekend !

Max | DeFi City | Will never PM you first, [29 May 2021 at 08:52:27]:

You too guys

CAG, [29 May 2021 at 08:52:43]:

Thanks @deficitycarlo Pleasure having you here!

Munga, [29 May 2021 at 08:53:17]:

Thank you for your time. It really sounds like a fantastic project

Min Min, [29 May 2021 at 08:53:27]:

great ama

Parsa, [29 May 2021 at 08:53:29]:

Cool AMA 😎 danke Max

Viking | OIG, [29 May 2021 at 08:54:01]:

🇩🇪

Get it, [29 May 2021 at 08:55:36]:

great ama

MarU, [29 May 2021 at 08:56:37]:

Appreciate ur answer😊

The One, [29 May 2021 at 09:23:55]:

Danke schon @deficitycarlo 👏

Hentsu, [29 May 2021 at 09:55:46]:

Very bullish for Defi city!