Cryptoirons meetup with Stone DeFi for AMA session
Stone v2 AMA series continues with interactive community sessions
last week we sat down with Cryptoirons continuing our Stone DeFi v2 AMA sessions that kicked off in Sept remaining active in the community. In this article we recap on the AMA with Cryptoirons 31,000+ members
Session 1: Questions from
Q1. Can you briefly describe what is Stone Defi . We would like to know more about it and how it works.?
Stone DeFi is a decentralized protocol with a multi-chain deployment that enables frictionless access to asset strategies offering Rock Solid Yield.
As a DeFi project… Stone is made up of several teams that focus on the management and delivery of the core product features, development, marketing and community. Our teams and members are geographically spread worldwide and very much focused on the development of the DeFi ecosystem.
Q2: Can you introduce Stone Defi, what critical problems does it solve that existing solutions are not solving and what’s the competitive advantage?
As most all of us know, cryptocurrencies emerged with the bitcoin genesis block message quoting “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.
This message leads many to believe decentralized cryptocurrencies to be a solution to the kind of problems that arise from traditional centralized financial institutions. The 2008 financial crisis being one such problem.
I think it is fair to say Bitcoin has given birth to DeFi which is creating new ways of digital finance in a more transparent decentralized manner.
Q3. Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Bearing in mind that STN is available on Ethereum Polygon and Binance Smart Chain… Our Multi chain deployment presents many options and rock solid yield strategies for DeFi users.
On the tokenomics please see our stats on Coingecko they track this data very well for us.
At this early stage the STN token is primarily a reward and liquidity provision for community and pools incentivizing portfolio rebalancing and cross-chain fee mechanisms will add to the fundamental utility of STN.
As we realize and develop the DAO governance the token will play an increasingly crucial role over time.
Staking and rewards for STN runs concurrently with other quality token assets compounding with variable lockup periods maximizing yield and realization of returns.
Q4 Can you share the achievements the team has made so far ? what are the major achievement target Stone Defi is yet to achieve . If possible also share your roadmap.
With the successful release of Stone V2 we will begin revealing many new features and plans that run through 2022.
Keep an eye on our roadmap here…
Our public development roadmap provides a guide for the project’s main milestones up to Q3 2021. Although development continues well beyond Q3 into the future and we did provide an update to the roadmap that runs through to Phase 5 (Q1 2022)
Also as the crypto and indeed DeFi space evolves, all the time, we innovate in an adaptive way, we are working with other blockchains and will continue developing interoperability to enhance the user experience with our UI
Q5: What is your knowledge in the field and what makes you an ideal team make this project a success? And who are your Strategic Investors?
As I mentioned earlier and this is important, as a Decentralized project, Stone is composed of several solid teams that focus on the management and delivery of the core product features, development, marketing and community. Our teams and members are geographically spread worldwide and very much focused on the development of the decentralized ecosystem.
Combined experience is vast and most all of us are early adopters which is what makes Stone the the only yield management framework creating Rock Solid Yield for all the users in the DeFi space our multi-chain deployments enable frictionless access to DeFi yet with security as the priority that underpins the ecosystem we give the audit process high regard and recognize that priority.
Let me share our latest audit report with you guys please read retweet and heart this post it is important and of course we will continue to have external audits to ensure the security of our contracts is the highest possible standard.
The session then moved onto a segment answering questions submitted on twitter and a live segment from the telegram community group.
I hope you enjoyed the AMA, we publish Bi-weekly, or there about! roundups…
And of course, very much recognize the importance of constructive partnerships, Stone has the backing of some of the best in the industry providing clear vision for now and the road ahead with effective communication that makes these long term partnerships crucial. We are continually developing new partnerships.
For more details find us here:
Website: https://www.stonedefi.io/
Twitter: https://twitter.com/DefiStone
Telegram Channel: https://t.me/stonedefiannouncements
Chat with us:
Telegram- https://t.me/stonefortress
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