Dear Community,
Thanks all for participating in our Combine Finance AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you.
Introduction!
Mayank – Hello @jeremy027, welcome to CryptoNationIN 🥳 Glad to have you here 🎊
Jeremy – Hi @mayankgrover733 Pleasure to be on your community channel
Mayank – Great 👍🏻 Before we start, I request you to tell about yourself and about Combine Finance to the community.
Jeremy – Hi, I’m jeremy, Founder of Combine Finance. We have been launched our combine finance on september and close to completing 4 months into the space. We have tried to combine the best of defi, into a single project and we have come a long way. To give you a small idea here’s an updated comparison chart which we have updated yesterday. We are Going to launch the Vault and NFT this wednesday.
https://twitter.com/CombineFinance/status/1330575687263035392?s=19
We have built a lot of things in the small period of time.
Mayank – Amazing 🔥
Jeremy – Comb farm token 2. Definite Token a token from advance pool. 3. Combine.exchange and Now, we are adding vault and NFT along with buyback and burn.
Mayank – Good to know about Combine Finance 🎉
Twitter Questions
Q1. I saw something about the Advance Pools Feature in Combine Finance. Can you please expantiate more on it and how you think users can contribute to the success of it.
Jeremy – Community can vote and list Various great projects based on consensus. Leveraging our ecosystem.The place where new coins or developers can come and give us the opportunity to mine their coin through comb token in exchange for our readymade platform. There’s criteria to be on the platform. Already working with two developers on it .
So, Post governance, Advance pool will be totally driven by the community based on the consensus vote. Community can bring great projects. Keeping all the loopholes and ruggable intact. So, it will be based on crowd wisdom.
Q2. Combine Farming platform allow your members to stake on multiple pair on pools to earn COMB tokens. Is it just increase the price of other token while everybody gaining more COMB and sell it? How do you maintain the COMB price then?
Jeremy – True that. to keep the price stable we are launching vault and nft which will stablize the price and incentivize the long term holder. Coz, we are doing the core Vault, wherein the it’s going to be a locked liqudity mining. The Nft will have an option to directly buy from ETh. which will later buy the comb token from the pool and burn it. for more details here’s two article we have wrote in details.
https://combinefinance.medium.com/combine-finance-creating-a-better-ecosystem-for-users-c44fa7457e7c
https://combinefinance.medium.com/vault-nft-vault-smart-contract-audit-completed-the-wait-is-over-d38ac9e68c79.
This will surely get more investors on board coz we have got some classic meme for NFT which will be limited in qtys and eventually increasing the price and the overall value of comb ecosystem.
Q3. 🔒 Increasing Token price
🔒make Token Valuable
🔒 Building Community Trust
From 3 aspects above,. I want to ask,. Which one the most important for you??
If all above are important for you,. Which one that Will you do first??
Jeremy – Community trust is really important for us. Just see, what happens to sushi, rootkit and Octofi. All are non-anon project that’s been supported and trusted by community. Price and token value is the byproduct of community trust. We have tried to be transparent in our approach and gave more emphasis on audit and security. To ensure our investors can relax and invest in us peacefully. We made our token unruggable by locking liquidity and team token. We are delivering in terms of development as you can very well see our combstake.com the farming website is unlike any other farming website in the Defi project. We believe community can make or break a project. So, it’s really important to us.
Q4. A big problem for a lot of Defi projects seems to be that when farming starts, the price goes down because people unload to put liquidity into the farm. Will Combine Finance have an incentive to hold and not just farm and dump?
Jeremy – Yup, So there will be lot of incentive in holding comb token. This is just a beginning. There will be another vault post governance and just like andre cronje launched kp3r network. We will also, Use our platform and built something similar on the line of ampl. Not exactly that, something different. Comb token or Vault lp token hodlers will get lots of airdrops. So, We are not going anywhere. We will keep on adding multiple features on our combine token apart from creating side projects. This new ampl kinda project will happen in Dec 2nd week most probably. Also, we have added one more developer to our team. So, we are 4 developers working on a single vision to create something brilliant and sustainable.
Q5. What’s the reason for Combine Finance accepting karma token for rewarding the farmer ? And what’s the main reason for it using as a Erc-1155 token ? Can you explain about this token ?
Jeremy – So, the karma token is renamed as Carma token. We have a vault which will deliver two tokens xcomb and carma token. Both are derivatives for Comb token and NFT memes. So, 1155 token can have multiple nos of memes on the platform. So for that reason, we have to create a carma token. It will be just like meme token. It can only be farmed through liquidity locked Mining (vault). There’s no presale no premine. Purely from farming you can obtain those.
Telegram Questions
Q6. Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
Jeremy – Liquidity is locked, Team token is locked. Audit was done. Since, we are not serving or doing any flash loans so, there’s no exploits or bugs in our smart contract. The smart contract is safe and secure. Smart contract is open and out there. We have made it sure from day 1. That’s the whole point in gaining the trust. Even for vault and nft token we have done our audit first. Before proceeding further. Transparency and Security is a must for us. We want our investors to be at peace while investing in us. We did everything in our capacity to make this project unruggable. I think we have earned that trust from our community who are an active investors currently on our platform.
Q7. Token burn is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does COMBINE FINANCE have a plan about token burn???
Jeremy – Yup through NFT memes. We will be buying back the token and we will burn it. Note there’s only ~4670 comb token in circulation. 250 token is already burnt. More ~4980 tokens to be farmed. This buyback and burn will greatly reduce the supply that’s 10k there will not be any more comb token. It will always be lesser thatn 9750 comb token. The long term incentive will be good wrt comb token.
Q8. Can you provide 2 or 3 descriptions of the project you are running? So that even ordinary people can understand and there are benefits.
Jeremy – You are a farmer. You farm and get the rewards. Now, to sell your rewards, you have the inbuilt market ready that’s our combine.exchange you can sell the token here. Meme will be like a will or an art which you can sell on secondary market for profitable price. Wait to see the Memes website on Wednesday. You will want to have atleast one. It has great original memes of superheroes and gaming characters like kratos and jin sakai from Ghost of tshushima and god of war.
Q9. It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make this project sustainable for its development?
Jeremy – True that, that’s always the case on different projects. Since our team of developers are committed and we are here to built credibility just like Andre Cronje and Chef nomi did. I’m still unable to fathom how chef nomi did it in such a short period of time. So, if we keep on building our ecosystem along with other brilliant projects on the side. Soon, Jeremy will be in the likes of Andre too. 😄😄
Q10. What are the benefits of $COMB holders?
Jeremy –
- Earn More Comb token by providing liquidity in the Pool.
- Governance for Combine Finance. You can make decision on what needs to be integrated.
- Farm Token from Advanced Pool with no premine. (airdrops of future projects to Comb token holders or Liqudity locked Miners).
- Liquidity Locked Mining (Earn COmb & NFT karma Token too) No premine and No presale.
Thank you to Jeremy (Founder), and Community for participating in the AMA. Have a nice day
