Recap of AMA with BSC Talks on 4/19/2021

On 4/19 our CEO and founder Shanron completed an AMA with Guy Wasserman of BSC Talks on Telegram. Below is a transcript of the AMA.

BSC Guy Wasserman:

Hello everybody, Good evening! Hope you all are good!!

This week will be lit here in @BSC_Talks. Stay tuned!

To start off the week I would like to invite @DefiShanron from DragonballFinance for our AMA today.

Welcome onboard!! How are you? @DefiShanron

DeFi Shanron:

Hello guys, pleasure to be here

BSC Guy Wasserman:

Glad to have you here, mate! Let’s get to know this project which holds a cool theme.

To start off, could you introduce your project and tell us simply what DragonBall Finance is ?

DeFi Shanron:

No more boring food names man

DragonBall Is the first All In One DeFi platform with the coolest of all theme. it is a protocol that allows you to have sustainable gains backed by a constant incoming that is generated through all DBF products.

BSC Guy Wasserman:

Alright, sounds good.

As we have a variety of people watching us right now (from beginners to experts) I got a simple question to start off the engine.

How can someone profit from the staking and what is the reason behind the profitability?

DeFi Shanron:

There are multiple ways an investor can profit from DragonBallFinance protocol. For starters one can provide liquidity in one of our pools and stake the LPs for the highest rewards. One could also stake single asset tokens in our staking pools platform. The goal here is to create as many valuable products and services for other DeFi protocols and investors in general so that DBF and the native token DBALL can organically grow and sustain the token inflation and gradually increase in price.

BSC Guy Wasserman:

What makes it sustainable and in which scenario could the project encounter a failing ecosystem?

DeFi Shanron:

That is a very good question my friend

As we know many yield farming projects die after the first day they’re live. This usually happens because the token is inflated in the market with no demand or rules on the inflation, and also because of the presence of too many non native farms and pools. DBF aims to fix that by providing a huge liquidity in its pools with multiple mechanics: constant buy backs and burn, reducing token emission basing on the state of the protocol, using products and their revenue to buy back even more DBALL, good amount of marketing and the strongest community in the world!

BSC Guy Wasserman:

Got it! Yeah, that’s a question plenty people ask when talking about staking

But the answer is clear! Thanks

Can you tell us about the team in Dragonball? Are you guys doxxed? And previous experiences from the team too, if you don’t mind.

DeFi Shanron:

I am the CEO and founder of the protocol, I gathered team members and advisors and hired professional coders to develop the smart contracts. I have been in crypto since 2016, was shocked by the blockchain technology and I witnessed ICO and tokens in general 100x and then lose 99.99% of their value the day after. I left crypto aside for a couple of years after the bubble, graduated and found a job in finance.. and then Uniswap came out..And history began..

BSC Guy Wasserman:

Nice! 2017 ICO Hype was crazy lol.

But lately Staking and farming have become very popular amongst BSC Industry. I would like you to provide a few features where Dragonball stand out among competitors, please. What are a few advantages from it?

DeFi Shanron:

As previously anticipated most yield farms do not have an actual value outside of their protocol, DBF will focus on creating as many use cases and valuable products and services available to use only on DBF platform and only with DBALL. This will create scarcity and demand for the token allowing the price to be stable and eventually increase as the ecosystem and community gradually grows !!

BSC Guy Wasserman:

Got it! I saw you guys launched in Saltswap, could you tell us how was the launching and what major things have happened since launching ?

DeFi Shanron:

Oh you did your homework homie! Yes, we had an IDO with Saltswap and raised 500 BNB in 2 days. I am proud to say DBF is the first and currently only IDO held on Saltswap that filled their hardcap! After that liquidity was added and LPs burned forever, ensuring DBALL will always have a price floor and liquidity!! People then started trading and farms started the day after. Layer 1 of our layered Farming started and was concluded and this week we will launch Layer 2 with SENZU2. We also hired more experienced developers that are developing our IFO platform and NFT marketplace and this is just the second week !!

BSC Guy Wasserman:

Thanks, mate! Wow 500BNB in 2 days isn’t for everybody. Congrats!

This is the kind of craziness I meant. Only second week and so much have happened lol Great job!

DeFi Shanron:

There is so much to come man

BSC Guy Wasserman:

$DBALL is your token, correct? Could you go over the token that Dragonball uses and how does it affect the ecosystem?

DeFi Shanron:

DBALL is the native token and is the token used for all DBF platforms, it allows users to provide liquidity and gain more DBALL by staking LPs in Dragonballfinance.org/farms or staking it as a single asset in Dragonballfinance.org/pools. As stated before DBALL will also be fundamental for using all DBF products such as IFO platform, NFT marketplace, casino burn games, stake DBALL earn BNB(or other tokens) pools, vaults and who knows maybe even stable coin lending and borrowing. There is no limit.

BSC Guy Wasserman:

Sounds fair!

I’ve seen Dragonball promotions on a few mainstreams. That’s major key, in my opinion

Projects that understands the power of advertisement and putting their word out there definitely end up standing out among others.

I’ve also heard you guy are planning to implement NFT Marketplace and lottery in the ecosystem soon. How will it be? Plus if you could share a few more upcoming implementation you guys have on the line, please.

DeFi Shanron:

Yes, we believe marketing and community awareness are very important values. We plan to create tutorials and courses that explain how crypto, DeFi and yield farming works. The goal here is to create as many ways to take out DBALL from the pools and burn it allowing inflation to be controlled and price to gain value as the protocol gradually grows. Here are few example of DBF future products; IFO launchpad, special pools, NFT marketplace, casino games, lottery, our own AMM vaults, stable coins borrowing and lending, Farming As A Service ( allowing other protocol to farm in non DBALL pools) expanding to other chains and much much more !!

BSC Guy Wasserman:

Great answer! Thanks for sharing

Do you have any future plans on implementing any features that ensures the sustainability of the project even in the long term?

DeFi Shanron:

The way we sustain the protocol is by building useful and valuable products and services that allow DBALL to be scarce and in demand and also ensuring DBALL is highly liquid against the most important tokens and coins in crypto.

BSC Guy Wasserman:

Hmm, alright.

Well, I believe by now DragonballFinance is pretty clear and understandable.

I would like to reverse this near-end to you add any information about the project that we miss covering. Feel free to share any additional info.

BSC Maximalist — @BSC_Talks + @BSC_Whitelist + @BSC_Degens,

Pretty good AMA guys congrats for both of you!

COMMUNITY QUESTION:

Q1: Awesome AMA!!! We miss a good farming. Do your contract is audited?

DeFi Shanron:

This is a very important question. Yes our contracts are all safe and audited by techrate. We removed the infamous migrator code and set max values to our farms fees and tokens emission ensuring we cannot EVER increase the deposit fee and unstaking fee more than 3% and 2%. We are in talks with Certik and plan to have an audit with them in the near future and have many other auditors in mind!

Q2: I think that the next stage of Defi technology will be Games and NFT. What do you think about that? Where will the focus be for $DBALLS to be used more widely in the future?

DeFi Shanron:

Very very good point

I definitely agree with you, the next big market is NFTs and gaming platfrom and DBF will have both, also we plan to make a profile page where you can choose a character and you can unlock different type of NFTs that have a speciale power in the DBF game, but this is Q4 2020/Q1 2021

Q3: I see you have several Layers for the farm program. What is the difference between Layer1 and the current version? Are you also planning about NFT, Lottery, Gaming App. If everything is more or less clear with NFT, what you will be in the Gaming App? Is it already in development? Will the lottery be like on dex PancakeSwap? DragonBallFinance NFT will have special farm perks. Can you tell us an details example?

DeFi Shanron:

Many questions here

DBALL and SENZU are two different tokens DBALL is sustainable farming and main token it will be used for all the products in the platform. SENZU is the layered farming token and allows investors to have high-risk high-reward ratio perpetually. Every time SENZU reaches 7000 total tokens farms stop and then a new layer starts. NFTs will have perks, but that is top secret for now.

This AMA was an excellent opportunity to increase the exposure of DragonBall Finance and display the long-term goals we have created. There will be continuous developments and products that drive the value of DBALL.

Keep Farming,

DragonBall Finance Team

DragonBallFinance is the first fully decentralized sustainable all in one defi platform on the Binance Smart Chain with the dragonball theme !!

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