AMA RECAP : CRYPTO CHALLENGERS x HOTPOT FINANCE
Venue : CRYPTO CHALLENGERS
Date : 19 DEC 2021
Time : 02:00 PM UTC.

Guest: 0xBscSaviour
They shared detailed information and his opinions about the project HOTPOT FINANCE.

🔴 SEGMENT 1 INTRODUCTION

1. Could you please provide a quick self-introduction for the community?

OxBscSaviour:
Hey everyone! I'm 0xxBscSaviour!

I'm the founder of Hotpot Finance, the only yield farm which plans to conduct a vampire attack via our unique bonding mechanism

Our goal is to become the biggest treasury-backed token on the Binance Smart Chain network by creating a yield farm which combines the best of all DeFi features namely OHM's bonding mechanism, DinoSwap's Extinction Pools, and APR Resets by Swift Finance.

Personally, I've done lots of yield farming before this since the days of Goose Finance and I have coding and marketing knowledge regarding starting, growing, and maintaining a yield farm.

2.Can you briefly introduce the project HOTPOT FINANCE what are some of utlities of $MEAT ? How do you think you stand out among the competitors if there are any?

OxBscSaviour:
While we have farmed in many different and unique farms, we realised that almost every farm life cycle follows a certain trend.

Each of them pretty much experiences a big boom during launch, and eventually goes through a big bust, before slowly dying and fading into obscurity.

This is bad news for the everyday holders as it forces farmers to hold their bags at losses, with the project eventually fading to obscurity.

We studied this pattern greatly, and now are confident to have created the first ever truly sustainable yield farm.

To accomplish this feat, we have implemented 3 DeFi features which we feel will help us to accomplish our goal.

The first feature is the bonding mechanism which was popularized by OHM. However, we will be adding our own twist such as supporting both our native LP token pairs, as well as supporting WBNB-BUSD.

The second feature is the "APR Reset", which allows the project to collect fresh deposit fees every week, by having farmers to deposit once again to enjoy high APRs. This allows us to collect deposit fees every week, ensuring we have continued revenue to operate the farm.

These deposit fees are also shared these among our $MEAT holders, where farmers can burn $MEAT and earn BUSD!
This will create deflationary pressure while also retaining demand for $MEAT.

Finally, our third feature is the Burn Pots (Extinction pools), executed beautifully by DinoSwap. This feature allows users to burn their $MEAT to start earning other tokens such as $BUSD. Since the $MEAT is burned, it will create a positive price impact, whilst providing utility to the token.

3. Can you share the achievements the team has made so far ? what are the major achievement target HOTPOT FINANCE is yet to achieve . If possible also share your roadmap

OxBscSaviour:
Right now, we have close to 3,000 members in our Telegram group and 7,800 followers on Twitter!

Our biggest priority after this will be to have a successful Initial Liquidity Offering (ILO)!

Our ILO will be happening on the 20th of December, 2 P.M. UTC. Here, everyone would be able to purchase our $MEAT token for a fixed price of $15, so be sure to stock up then.

They will be no whitelist, and will be based on a first-come-first-serve basis.

4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?

OxBscSaviour:
Security-wise, we've applied for RugDoc KYC and will be applying for Paladin audit after our bonding mechanism goes LIVE on 23rd December.

Regarding farm incentives, we have designed them to work in synergy with each other allowing them to be sustainable for the long term.

The benefits (a.k.a. features) are as such:

The first feature is the bonding mechanism which was popularized by OHM. However, we will be adding our own twist such as supporting both our native LP token pairs, as well as supporting WBNB-BUSD.

The second feature is the "APR Reset", which allows the project to collect fresh deposit fees every week, by having farmers to deposit once again to enjoy high APRs. This allows us to collect deposit fees every week, ensuring we have continued revenue to operate the farm.

These deposit fees are also shared these among our $MEAT holders, where farmers can burn $MEAT and earn BUSD!
This will create deflationary pressure while also retaining demand for $MEAT.

Finally, our third feature is the Burn Pots (Extinction pools), executed beautifully by DinoSwap. This feature allows users to burn their $MEAT to start earning other tokens such as $BUSD. Since the $MEAT is burned, it will create a positive price impact, whilst providing utility to the token.

5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution

OxBscSaviour:
We have an infinite supply and to counter the inflation, we will be implementing many burn mechanisms in place that will ensure that we become a deflationary token.

Our initial mint will be 20,000 tokens to be given to the ILO contract where:

—> 10,000 to be used for public sale
—> 10,000 to be transferred to pancakeswap to be used for initial liquidity after public sale is over

10% of the farming rewards will go to the devs (for partnership/marketing purposes) and 90% of it will go to our farmers.

⚪ SEGMENT 2 TELEGRAM LIVE

Q1-Yow Ga:
✅✅👍✅✅👉👉👉 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?👍

OxBscSaviour:
We have implemented 3 DeFi features which we feel will help us to accomplish our goal.

The first feature is the bonding mechanism which was popularized by OHM. However, we will be adding our own twist such as supporting both our native LP token pairs, as well as supporting WBNB-BUSD.

The second feature is the "APR Reset", which allows the project to collect fresh deposit fees every week, by forcing farmers to deposit once again. This allows us to collect deposit fees every week, ensuring we have continued revenue to operate the farm.

These deposit fees are also shared these among our $MEAT holders, where farmers can burn $MEAT and earn BUSD!
This will create deflationary pressure while also retaining demand for $MEAT.

Finally, our third feature is the Burn Pots (Extinction Pools), executed beautifully by DinoSwap. This feature allows users to burn their $MEAT to start earning other tokens such as $BUSD. Since the $MEAT is burned, it will create a positive price impact, whilst providing utility to the token!

Q2-SCOOBY DOO:
Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project ?

OxBscSaviour:
We will be collecting deposit fees every week which we will be able to use for marketing, allowing us to further grow our community.

I myself have lots of marketing knowledge and experience in this field and have recently hired a viral marketer to further increase our reach to the crypto/DeFi community.

Stay tuned for updates from us 🎉🎉🎉

Q3-Alverta Burger:
Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?

OxBscSaviour:
You can visit us here:

Telegram: https://t.me/hotpotfinanceofficial
Twitter: https://twitter.com/Hotpot_FinOff
Discord: https://discord.com/invite/mvGBQK5vTt
Medium: https://medium.com/@hotpotfinancefarm
Website: https://hotpot.farm/

Q4-Luna Reedy:
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

OxBscSaviour:
We have applied for RugDoc KYC and will be applying for Paladin audit after our bonding mechanism goes LIVE on December 233rd

Our current smart contracts are forked from protocols that have already been audited/trusted by the community. Therefore, on the safety side, we are pretty much secure.

Q5-Angelyn Elias:
Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

OxBscSaviour:
Yes, we do.

Through our Burn Pots, when you stake and burn your $MEAT.

And through our harvest fee where if you withdraw before a certain time limit, you will be charged a 50% harvest fee which we will burn.

Do remember to join our ILO on 20th December 2 P.M. UTC where you can purchase $MEAT at a FIXED price.

No whitelist, no insiders. All fair launch.
Join us at our Telegram group here for more updates: https://t.me/hotpotfinanceofficial

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