Thanks all for participating in our RiverMount 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 .
Mayank – Hello @RiverMount_Rimo welcome to CryptoNationIN 🥳 We are glad to have you here with CryptoNationIN 🎊
Rimo – Hello, everyone. Nice to meet you.
Mayank – Before we start, I request you to tell about yourself and about RiverMount project to the community.
Rimo – And I’m the CEO of a company that presented and implemented RiverMount’s first idea.
Our project is a kind of exchange that ultimately pursues DEFI. We’re going to build a real-time trading exchange that can tokenize everything that can measure value in the world.
Mayank – Could you tell us about RiverMount Ecosystem?
Rimo – With RM utility tokens, enable everyone to engage in secure financial transactions, while RMs to control liquidity and exchange money with them. Equally allocate and shares RM yields, and extend the RM Project through a referral system.
Support secure financial transactions with a triple structure. In addition the higher holdings or usage of RM Token the higher returns.
Q1. As I can see many projects always used DEFI to be hyped but no real use cases to be give. As one of the project in Defi Space how could you differentiate your project to other existing Decentralized Finance Project out there ?
Rimo – Personally, I think the current block chain industry has a lot of hyperbole and brag. So I think SCAM is a lot too. But RIVERMOUNT has all the focus on what is feasible. So we are simple. It is to tokenize all real-world assets so that they can be traded without a broker within a 24/24.
Q2. Some projects are not completely honest with users about the true mission of the projects. What can you tell us about the RiverMount Mission & Vision in Near Future? Are the actions focused on fulfilling that?
Rimo – We weren’t completely transparent until recently. But we have changed completely recently. We share and communicate everything with investors. I think the biggest mission of the RIVRMOUNT is to embrace everyone who uses the block chain but lives in finance in a non-blockchain place. So we are a must-have item for tokenization transactions of spot assets. So the image of our company that I want is not a “blockchain company,” but a “financial company that utilizes block chain.”
Q3. There are so many projects that only exist for a moment and die on the road, traumatizing investors with new projects : how can the RiverMount survive,continue to grow in what way do you convince investor that this project is very promising?
Rimo – The block chain industry is still full of hyperbole and brag. I think the reason why we can survive is because We don’t make things that aren’t in the world. We make what already exists. But it is not in the block chain industry. So people who use the block chain and like it, I expect to use our service.
Q4. As we know, every successful project has a few stories behind the scenes, what’s the story behind RiverMount success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming RiverMount updates?
Rimo – I worked in a securities company for about 10 years in Korea. But the main trading shares were in the United States. At that time, what I felt in doing business was that it was very uncomfortable and unreasonable. The first is taxes and the second is time difference. If I earn profits from American stocks, of course I pay taxes to the United States. But Korea also pays taxes. I have to work early in the morning Korean time if I want to trade company stocks in the U.S While I was thinking of a solution after collecting the inconveniences that I experienced for 10 years, I found out about the block chain and established the RIVMOUNT. Like this, RIVERMOUNT is neither special nor great. But everyone in the world needs it.
Q5. What is difficulities and chances that RiverMount face right now while crypto/blockchain market is still young and need time to grow?
Rimo – You’re right. The block chain is still young. If you interpret this the other way around, the possibilities are endless, and if you complete the project well, it is an opportunity to preoccupy it. And there are still many people who refuse to use the block chain or have never used it. So, as mentioned above, we will not be a “blockchain company” but a “financial company using block chain.” I think this is the biggest mission and the market we must embrace. For your information, words used only in Blockchain are too unfamiliar and difficult for people who are new to Blockchain. So did I. We are going to use these terms as much as we can in general terms. It will make it easy for people who use the block chain for the first time.
Q6. When talking about the DeFi space, people immediately think of specific terms such as loans, derivatives, stablecoins, user credit scores, and smart contract-based asset management. Which specific DeFi product is Rivermount provide?
Rimo – We will include all DEFI already running on other platforms. What we only have is that we can trade tokenized physical assets without a broker.
Q7. Currently the Staking and Mining Program is very popular. Will RIVERMOUNT support that? If so, for users with no technical expertise, How can they be involved in Staking ?? Where I can stake $RM ? Can you give me some benefits when I hold $RM in a long term ?
Rimo – Staking is essential for us because it is very important. If we have RM, we will airdrop some of our profits. You can also vote. If a new project applies for listing on our platform, RM holders will be able to decide.
Q8. Instead of building crypto projects in such a way that the project would bring real value and product market fit that will contribute significantly to crypto industry. Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. What value does Rivermount aim to add to blockchain industry that will bring greater abundance to the industry?
Rimo – I didn’t make a project solely to make money. I actually created RiverMount to improve the inconveniences I had while working. The existing finance that I felt uncomfortable expects everyone to feel the same way. I’m trying to solve this problem. And I’m very happy and happy to make money through this.
Q9. What are the ways that RiverMount generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Rimo – I already run an investment company. There are two things I can benefit from the block chain business. It would be a rise in token prices and transaction fees. And transaction fees are shared with RM holders.
Q10. DeFi is one of the hottest topic in the blockchain space right now. Can RiverMount share your opinions on DeFi with us? Do you think that DeFi will disrupt the existing financial system?
Rimo – People find Defi difficult. I want to think simple. Defi, I think, means brokerless finance. Of course it will be hard right now to go beyond the existing finance. However, if people around the world open their eyes to finance and get to know more about it, they expect to surpass it in the near future.
Q11. What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology?
Rimo – We are on the way to see the possibility.
Q12. How does Rivermex decide which currency to list? Do you do a previous investigation? What are the requirements to list a coin?
Rimo – It will be decided by voting through RM Token Holder.
Q13. Hello I studied a little about Rivermount project but still I want to know what makes your project different from a lot of other blockchain projects emerging everyday? How can you assure your investors that they’ll get a good return?
Rimo – I think Blockchain technology itself may not be finance, but Coin and Token are kind of finance after all. Many things, such as stocks, bonds, real estate, coins, and so on, belong to finance. I don’t want to think about all these different kinds of finance. So we will grow into a company that manages integrated banking.
Q14. What is the difference between RM Fund and RM DEX? Both are P2P functions, but what is the use of each one?
Rimo – RM Fund is a service in RM DEX. Similar to the IEO, but the difference is that RM holders verify, discuss and vote on whether to proceed with the IEO.
Q15. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to RM token and keep them long term?
Rimo – I say it is wrong to distinguish between the block chain industry and the general industry.
It is very difficult for people who have never used a block chain to enter it. That is why we will focus a lot on attracting potential customers who have not used the block chain.
I also had a hard time when I first entered the block chain. Especially it was hard because the words were different a lot. We are going to solve these little things first, and as mentioned above, we are going to be “financial firms using block chain” instead of “blockchain companies.”
Thank you to Rimo Kim, and Community for participating in the AMA. Have a nice day 🙂