AMA RECAP : CRYPTOSCAPE x FiPi
Venue : Crypto Scape
Date : 04 DEC 2021
Time : 10:00 AM UTC.
Guest : Maciej
They shared detailed information and opinions about the Project FiPi.
🔴 SEGMENT 1 INTRODUCTION
1) please introduce yourself and your team to our community and tell your crypto story
Maciej:
FiPi Team brings together specialists with many years of experience who fully complement each other.
Karan Chinoy - Operations Head for Financial Piggy, has over 6 years of experience with handling varied aspects of DeFi Projects specifically and is incredibly knowledgeable in helping projects launch efficiently and manage the entire project cycle thereafter.
Kacper Kochanowski @KacperFiPi - Professionally associated with the IT industry as a fullstack developer. At Financial Piggy, he is responsible for the technological development of the project. Member of the board of FiPi Limtied with its seat in Warsaw (Poland)
Adrian Sajecki - A businessman with many years of experience in the e-commerce industry. President of the Management Board of Projekt Wawa Ltd. Owner of a cryptocurrency mine. Member of the board of FiPi limited with its seat in Warsaw (Poland)
and me Maciej Jarosz @MaciejMaciej - A lawyer specializing in tax and business consulting. Cryptocurrency mine owner. Member of the board of FiPi limited with its seat in Warsaw (Poland)
2) What is FIPI all about , it’s usecase and how you got the Idea of creating it??
Maciej:
FiPi ecosystem = FiPi APP & FiPi Token
Think of the FiPi APP as a tool that works exactly like ETFs in capital markets. FiPi APP is an investment tool whose task is to reflect the behaviour of a selected fragment of the cryptocurrency market (FiPi Crypto Index).
Investing via FiPi APP (using FiPi Index) means:
· A simple way to diversify your investment portfolio - one instrument reflects the behavior of Indexes of reputable cryptocurrency exchanges
· Transparent investment strategy - the fund's goal is to follow the changes in the FiPi Crypto Indexes as closely as possible
· Low management fees - signal groups which in the long term (1-5 years perspective) achieve lower results than those achieved by the Index itself and which are out of reach for people unfamiliar with the crypto world, several times lower than the average fees charged. FiPi APP will earn by adjusting the currently owned assets to the current composition of the previously selected FiPi Index.
use case example:
1. User choses FiPi 30 Crypto Index subscriptions of $ 400 / month.
2. FiPi APP will purchase cryptocurrencies according to the Index for $ 100 / week (DCA!).
3. At the same time, FiPi APP will purchase FiPi Token on Pancakeswap with a value of 1% of USD 100, which will directly affect the creation of demand for FiPi Token.
In short: Regardless of the choice, it will buy FiPi Token every week, worth 1% of the value of weekly purchases. This means that
THE MORE USERS THE APPLICATION WILL HAVE, THE MORE DEMAND FOR FIPI TOKEN WILL BE!
BTW. We were looking for Crypto ETF fund. We have not found it - so we are doing FiPi APP
3) what are FIPI unique selling points as compared to the other similar projects in the industry
Maciej:
As I mentioned above - biggest advantage for FiPi Token HODLers is the fact
We will create permanent demand for FiPi Token: As mentioned already we will create FiPi APP, where an increase in active users will be accompanied by an increase in monthly volume of FiPi Token purchase and thus also in the FiPi Token’s price. Each user will buy a chosen FiPi Index which his portfolio will follow. Regardless of the choice, it will buy FiPi Token every week, worth 1% of the value of weekly purchases.
Maciej:
FiPi APP user will buy cryptos in accordance with the chosen FiPi Crypto Index on regular, weekly basis. And within 1% of subscription FiPi APP will automatically buy the FiPi Token on pancakeswap
Karan !!:
We’re here to bring a change which is long overdue….
going to change how people look at cryptos investing in the future !!
4) Can you justify the transaction fees and your tokenomics and tell how is it in the best interest of investors??
Maciej:
One of the most important features of the FiPi Token will be the so-called “transfer fee”, i.e. a commission equal to 8% charged by the FiPi Token ecosystem. What will happen to the FiPi Token charged due to the transfer fee?
2% will be burned –permanent removal of a part of the tokens from the market will lead to the decrease in the number of tokens in circulation and hence an increase in the token’s value
2% will be used for automatic staking (reflecting) - this part of the fee will be automatically distributed to every user with the FiPi in their portfolio.
2% will go automatically to the Liquid Pool – which will strengthen the stability of the FiPi Token’s price
2% will be dedicated to a lottery – every buyer and seller of our token will take part in a lottery (after reaching a specified threshold). The award pool will grow with every transaction
But there is more. We have implemented an anti-whale tax, which basically means that when someone tries to sell a large amount of token on panceswap, we will automatically multiply the fee by two. Which means that we will pay 16% tax.
5) Are there Any exciting News or updates with regards to FIPI That you would like to share with Cryptoscape Community??
Maciej:
Currently, the promo video is in progress and soon we will be able to use it as part of a marketing campaign.
Private presale is scheduled for December 6-10, 2021.
Soon after, an aggressive marketing campaign is planned, condensed to just a few days. By around 20-24 December 2021, we want to have completed the sale of FiPi Token as part of pre sale.
We do not expect whitelist sales.
Right now we are focusing on community building as well as marketing
Next mile stones:
Q1 2022 - Beta tests of FiPi APP
Q2 2022 - FiPi APP premiere, Implementation of the AML / KYC policy
Q3 2022 - VISA / MASTERCARD partnership
Follow us to be updated!
Twitter : https://twitter.com/FiPiToken
Website : https://fipi.io/
Tg Announcement : https://t.me/FipiTokenAnnouncement
🟡 SEGMENT2 TWITTER QUESTIONS.
1)FiPitoken will ensure that the collected cryptocurrencies remain in relation to the FiPi indices adopted by BITA GmbH. What are the benefits that BITA GmbH will bring to the metaverse? Do they offer passive strategies more quickly and flexibly than other indexing solutions? @tanmoy284910957
Maciej:
Metaverse? :P
Anyway BITA GmbH
provides high-quality, reliable and transparent technological and indexing solutions. The German Federal Financial Supervisory Authority (BaFin) has registered BITA as a benchmark administrator pursuant to the EU Benchmark Regulation (WMD). BITA and the indices administered by BITA have been entered in the comparative register of ESMA administrators in accordance with Art. 36 of the EU Regulation on benchmarks.
In our opinion, compliance with the above standards is in itself a guarantee of reliability and independence of BITA GmbH based in Germany.
2)What will be the revenue model of FIPI token and how it will be in the maximum interest of investors? @Bernard83054114
Maciej:
It will be profitable to breed FiPi Token, because its rate will constantly increase due to the automatic creation of demand by FiPi APP. Additionally, we will limit the supply by encouraging people not to sell FiPi Token.
As for the FiPi APP revenue model, here the application will earn by keeping the portfolio of users as close as possible to the selected FiPi Crypto Index (balancing). Along with making the so-called balancing we will charge less than 1% of its value
Let’s remind: an increase in the number of active users of FiPi APP will translate into a rise in the value of all subscriptions (the value of the monthly purchases of all users). At the same time 1% of all subscriptions will be used to purchase the FiPi Token on a decentralised exchange!
3)You mention that you have created cryptocurrency indexes: FiPi Index 10 / FiPi Index 30 / FiPi Next Index 20. Could you explain us what are these indexes based on? What are the features and usefulness of each one? For beginner users, how will they know which index to use? @Lidiamga
Maciej:
In short: FiPi Crypto Indexes are based on many factors (technical aspects are available in our whitepaper). However, the most important are the market cap and volume. The share of each cryptocurrency is also properly weighted so that the wallet is as "broken" as possible and that BTC is not the main component
https://fipi.io/docs/whitepaper.pdf
4)FiPi APP is an application that gives everyone the cryptocurrency market on a tray. So when can we be able to use this app, when do you plan to launch it? And can you explain to us how to use your App? What’s so special with #FipiApp? @wormz29
Maciej:
Simplicity is a key value for us and our priority. We are aiming to reach people with our product with different backgrounds and knowledge about the crypto world.
When it comes to the FiPi APP, the application itself is supposed to be easy to use. We have many very good applications on the market, but also very difficult to use for most people. FiPi APP will be used by people who do not know about cryptocurrencies, but want to invest in them.
That is why we focus on simplicity
1. Register
2. Choose FiPi Index FiPi 10 Index / FiPi 30 Index / FiPi Next 20 Index
3. Chose purchase plan
4. Add the payment method.
Ready!
To achieve that we hired UX designers with tons of commercial experience, who have worked with the best brands from all over the world like The Coca-Cola Company and IKEA.
We plan to launch it early 2022
5)I saw an investment of FiPiToken named Dollar-cost averaging (DCA) which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort. Will it reduce the impact of volatility on the overall purchase? @johnsno55
Maciej:
Yes - exactly :) this is why we will use combo: Index bought on regular weekly basis (DCA)
Karan !!:
Alot of interesting stuff to follow in the world of Financial Piggy !
🟢 SEGMENT 3 TELEGRAM LIVE
Q1-Jeklin♥️:
Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
Maciej:
https://fipi.io/docs/whitepaper.pdf
Presale will be within this month! Stay tuned and follow our socials!
Q2-Dj Voi:
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?🤎🤎
Maciej:
Yes we have passed Techrate!
https://fipi.io/docs/FiPi_Audit.pdf
Today we gonna do KYC by PinkSale. Also behind our project there is a legal entity FiPi Ltd that is registered in the European Union.
Q3-মিথিলা wwe:
Can You list 1-3 Killer Features Of This Project That Makes it Ahead Of its Competitors? What Is The Competitive Advantage YOUR Project Has That You Feel Most Confident About??
Maciej:
FiPi Token is part of FiPi ecosystem: more FiPi APP users = more people who will systematically and automatically buy FiPi Token on Pancakeswap via FiPi APP
FiPi Crypto Indexes: In cooperation with our strategic German partner BITA GmbH, we will implement the FiPi Crypto Indexes APP to FiPi
Locked Liquidity: a huge liquidity pool will be provided!
Team doxxed and KYC soon
FiPi Ltd: Registered entity responsible for FiPi APP and FiPi Token
Audit: FiPi Token has successfully passed the TechRate audit
Supply FiPi Token 21M = Supply BTC 21M.
Q4-🌹___..Born..🎖️..2kill___🌹:
Question:3 Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product.sir??
Maciej:
From the beginning of 2021, we conducted market research, numerous consultations with experts in the field of cryptocurrency trading and FOREX, marketing and representatives of the largest companies in the field of business consulting. We took into account the feedback from the focus group.
Q5-dinkan:
Is there any Airdrop or Bounty programme that we can participate?
Kacper | FiPi:
We are planning to launch a lot of airdrops and bounty programmes in next few weeks, so be sure to follow our socials :)
Maciej:
More facts about FiPi ecosystem:
• FiPi Crypto Indexes: In cooperation with our strategic German partner BITA GmbH, we will implement the FiPi Crypto Indexes
• Locked Liquidity: a huge liquidity pool will be provided!
• Team doxxed and KYC soon
• FiPi Ltd: Registered entity in EU responsible for FiPi APP and FiPi Token
• Audit: FiPi Token has successfully passed the TechRate audit
• Supply FiPi Token 21M = Supply BTC 21MLet’s remind: an increase in the number of active users of FiPi APP will translate into a rise in the value of all subscriptions (the value of the monthly purchases of all users). At the same time 1% of all subscriptions will be used to purchase the FiPi Token on a decentralised exchange!
Thanks
and follow us to be up to date with the PRESALE
Kacper | FiPi:
Thank you, it was a pleasure :)
Thank you from Crypto Scape 😍
