AMA RECAP : CRYPTO CHALLENGERS x JETFUEL FINANCE
Venue : CRYPTO CHALLENGERS
Date :09 AUGUST 2021
Time : 03:00 AM UTC.
Guest : Flight Commander Miro
He shared detailed information and his opinions about the project JETFUEL FINANCE.
🔴 SEGMENT 1 INTRODUCTION.
𝗤𝟭. 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗽𝗹𝗲𝗮𝘀𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗮 𝗾𝘂𝗶𝗰𝗸 𝘀𝗲𝗹𝗳-𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆?
Flight Commander Miro [Will Never DM First]:
Absolutely!
Jetfuel is the ONLY 1 stop shop ecosystem for the Defi Investor.
We started development of Jetfuel in Sept of 2020 and launched on Dec 6 2020. We have a security first approach to our development. With hundreds of millions of TVL weve had 0 security issues and have a RUG Proof protocol.
Jetfuel is a massive brand and we operate the following projects
1. Jetfuel.Finance: Jetfuel is a yield optimizer and launchpad. We have merged into Jetfuel into Jetswap.
2. Jetswap.Finance: A dual chain DEX AMM on BSC & Polygon. Native to Jetswap is the $WINGS and $pWINGS tokens used for governance, lottery, IJOs (launchpad), vaults, and liquidity incentive.
3. Fortress.loans: Fortress is our decentralized money market. You can supply money to earn interest and borrow money. You can actually get paid to borrow money from Fortress by earning the FTS token!
𝙌2. 𝘾𝙖𝙣 𝙮𝙤𝙪 𝙗𝙧𝙞𝙚𝙛𝙡𝙮 𝙞𝙣𝙩𝙧𝙤𝙙𝙪𝙘𝙚 𝙩𝙝𝙚 𝙥𝙧𝙤𝙟𝙚𝙘𝙩 𝗝𝗲𝘁𝗳𝘂𝗲𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗲. 𝙬𝙝𝙖𝙩 𝙖𝙧𝙚 𝙨𝙤𝙢𝙚 𝙤𝙛 𝙪𝙩𝙡𝙞𝙩𝙞𝙚𝙨 𝙤𝙛 $WINGS? 𝙃𝙤𝙬 𝙙𝙤 𝙮𝙤𝙪 𝙩𝙝𝙞𝙣𝙠 𝙮𝙤𝙪 𝙨𝙩𝙖𝙣𝙙 𝙤𝙪𝙩 𝙖𝙢𝙤𝙣𝙜 𝙩𝙝𝙚 𝙘𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙤𝙧𝙨 𝙞𝙛 𝙩𝙝𝙚𝙧𝙚 𝙖𝙧𝙚 𝙖𝙣𝙮?
Flight Commander Miro [Will Never DM First]:
Jetfuel Finance is an all in one, audited, trusted, "Blue Chip" Defi ecosystem on Binance Smart Chain and Polygon with over $100,000,000 TVL.
Our protocol includes auto compounding yield optimizers with APYs as high as 100,000% APY, governance on Fortress, staking, launchpad for new projects, reflection and auto liquidity tokens, money market for lending and borrowing with overcollateralization loans. and 2 exchanges on BSC and Polygon.
The WINGS/pWINGS token are the native tokens for our swaps.
Currently there is 2 WINGS/pWINGS per block emitted to the public farms and pools.
Users can stake a number of LP tokens to earn the WINGS token from Jetswap.finance & polygon.jetswap.finance
In a VERY SOON update, you'll be able to use your WINGS/pWINGS token for governance to dictate the future of the protocol.
Our launchpad is called IJOS Initial Jetswap Offerings where vetted, high quality projects are launched to the public. Users will buy the IJO with WINGS-BNB or pWINGS-MATIC lps
We also have a great lottery for WINGS/pWINGS and 20% of each pot is burned. Yesterday there was over $10,000 in Lottery prizes!
𝗤𝟯. 𝗖𝗮𝗻 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝘁𝗵𝗲 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺 𝗵𝗮𝘀 𝗺𝗮𝗱𝗲 𝘀𝗼 𝗳𝗮𝗿 ? 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁 𝘁𝗮𝗿𝗴𝗲𝘁 𝗝𝗲𝘁𝗳𝘂𝗲𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗶𝘀 𝘆𝗲𝘁 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 . 𝗜𝗳 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝗮𝗹𝘀𝗼 𝘀𝗵𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗿𝗼𝗮𝗱𝗺𝗮𝗽.
Flight Commander Miro [Will Never DM First]:
We have so many achievements it'll take me all day to write them all down 😅 but i'll offer a quick summary
We launched Jetfuel on Dec 6 2020 and quickly climbed to 50 million TVL.
At one point our FUEL token had a market cap of $48 million market cap.
Fortress our lending and money market IJO was over subscribed and raised $2 million very quickly.
Our Polygon Jetswap TVL reached over $600 million within days of launch.
Our ecosystem includes the FUEL token, JETS, GFORCE, PFORCE, WINGS, pWINGS, and FTS tokens.
We're also rated LOW RISK, one of the lowest possible risk ratings by the esteemed rug doc team
https://twitter.com/RugDocIO/status/1416179234272317448?s=20
Our security First approach gives investors gives big liquidity and good prices.
We also have the LOWEST SWAP FEE ON POLYGON for Jetswap.
Our swap fee is 0.1%! So we have some of the highest trading volumes for an AMM on Polygon.
Check it out here: https://polygon-info.jetswap.finance/home
𝗤𝟰.𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝗮 𝗯𝗶𝘁 𝗮𝗯𝗼𝘂𝘁 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗮𝗻𝗱 𝗮𝗹𝘀𝗼 𝘄𝗵𝗮𝘁 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘆𝗼𝘂 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝘁𝗼 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝘂𝘀𝗲?’’𝘀 𝗰𝗵𝗼𝗼𝘀𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺?
Flight Commander Miro [Will Never DM First]:
Security is everything for Jetfuel!
We have never been exploited or hacked and we never have access to users funds. We are RUG PROOF!
We are one of the few projects to have our code AUDITED and fixed before we deploy to the public. So far we've had over 10 audits for our projects.
We also recently have a strong collaboration with CHAIN LINK to secure our Fortress Bank with the highest quality and more secure price feeds.
Chainlink is also used to secure our lotteries! That means it's impossible to tamper with the winning numbers like other projects had issues with 😏
https://twitter.com/chainlink/status/1422165104209104897?s=20
You can find our audits here
https://www.jetfuel.finance/audits
https://jetswap.finance/audit-by-etherauthority.pdf
https://jetswap.finance/audit-by-hash0x.pdf
https://fortress.loans/audit_etherautherity.pdf
https://fortress.loans/audit_hash0x.pdf
𝗤𝟱. 𝗪𝗵𝗮𝘁𝘀 𝘁𝗵𝗲 𝘁𝗼𝘁𝗮𝗹 𝘀𝘂𝗽𝗽𝗹𝘆 𝗼𝗳 𝘁𝗵𝗲 𝘁𝗼𝗸𝗲𝗻 ? 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗵𝗮𝗿𝗲 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝘁𝗼𝗸𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗼𝗳 𝗺𝗮𝗶𝗻𝗻𝗲𝘁 𝘁𝗼𝗸𝗲?’’𝘀 𝘀𝘂𝗽𝗽𝗹𝘆 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻.
Flight Commander Miro [Will Never DM First]:
1. FUEL. FUEL is the first token of the Jetfuel Ecosystem. It had a hard limit of about 136,000 tokens. FUEL had a 6 month farming schedule and was fully emmited on July 5th 2020. We have automatically burned 13,365 FUEL worth over $534,600!
FUEL has a 2% tax on transaction. 1% is burned forever and 1% is sent to a special staking address for JETS holders.
2. JETS is the income and staking token for Jetfuel. Users can convert FUEL to JETS. JETS does not have a tax on transactions.
JETS holders earn the 1% tax on FUEL transactions and 4% of every one of our auto compounding vault harvests is used to market buy FUEL and is sent directly to JETS. JETS are currently earning over $1m per year in PASSIVE income. You can also stake JETS for WINGS at a high APR.
3. GFORCE/PFORCE is our auto liquidity and passive yield tokens. GFORCE is on BSC and PFORCE is on POLYGON.
Both have a 3% passive yield which means every time they're trading you'll earn more tokens for free!!
Both also have a 3% auto liquidity tax built into to build liquidity.
GFORCE & PFORCE have 1 million tokens each. We implemented a blackhole for PFORCE so PFORCE is deflationary. Right now PFORCE is cheap so it's good to scoop some up before we roll out the LP LOTTERY where users can buy tickets to EARN LP TOKENS!!
up next we have FTS
FTS is for the FORTRESS.LOANS money market and lending center.
You can earn FTS by lending money to the protocol and by borrowing! So you can GET PAID TO BORROW MONEY! It's amazing.
FTS has 10,000,000 tokens. 5% were released at the IJO in APril and there is a 2.5 year farming schedule. FTS is used for governance of the platform.
Last is WINGS & PWINGS
Jetswap.finance & polygon.jetswap.finance
WINGS is the native token for BSC Jetswap and pWINGS is the native token for Polygon Jetswap.
p/WINGS is the liquidity incentive, governance, and lottery token for the protocol. Earn massive APYs by farming with p/WINGS!
We have a few high quality IJOs coming up and users will buy them with the p/WINGS LP tokens.
🟡 SEGMENT2 TWITTER QUESTIONS.
Q1) I read from one of your documents that loans from the Fortress protocol do not have monthly Payments, Late Fees, and can be Paid Off At Any Time.
Does this mean that there will be no penalties for defaulters? Why do you think this procedure will be sustainable for long term?
Flight Commander Miro [Will Never DM First]:
Great question. I'm glad he read the docs 😁
Loans from Fortress are over collateralized, meaning you borrow less than what you supply to Fortress.
You can borrow a MAX of 60% of your deposits and are at risk of liquidation when you go over your borrow limit.
Borrowers pay interest to suppliers per block based on the Interest Rate Model and the Utilization of the pool. So more borrowing vs supply = higher rates borrowers pay to suppliers.
If you go over your borrow limit you will get liquidated by the liquidation bots. Liquidations are very expensive to the borrow so it's not good to go over.
This is why we have the SAFE MAX borrow option. This will borrow at 40% of your max borrow limit. So a $1000 deposit using safe max borrow will allow a $240 borrow to ensure the safety of the protocol and safety of users funds.
Q2) You often mention about your lottery event on twitter, so how this lottery event works? What is the requirement to participate in this lottery event? How much token do we have to stake or hold to be eligible to participate in this lottery event?
Flight Commander Miro [Will Never DM First]:
Our WINGS and PWINGS lottery is a daily lottery held at https://polygon.jetswap.finance/lottery & https://jetswap.finance/lottery
All you need to do is buy your lottery tickets with WINGS or pWINGS and hope you win! The prizes can get MASSIVE!
Lottery tickets are 0.5 WINGS/pWINGS per ticket and you can buy a max of 50 Tickets. We offer discounts to the tickets when you buy more!
We do periodic lottery injections to boost the pots. Yesterday we injected 10,000 wings and 10,000 pWINGS to the pot and we had our FIRST JACKPOT WINNER! The winner put in $12 of WINGS and won nearly $4,000!
Current Jackpot for pWINGS is 3099! That's $2200.
Q3) Liquidity, Transaction fees and slippage are always the 3 important factors in financial services. How does Jetfuel finance solve the above problem to attract more users? What innovations will it likely make to improve users trading experience?
Flight Commander Miro [Will Never DM First]:
Jetswap prides it's self on offering LOW FEES!
We don't do deposit fees on farms or pools and the only fees we charge are very small fees on our auto compounding vaults but those fees are some of the lowest in the industry.
Jetswap BSC has over $35m TVL and Jetswap Polygon has over $44m TVL.
The swap fee is a tiny 0.3% on BSC with 0.25% of the fee going to liquidity providers. The swap fee at Polygon is 0.1% THE LOWEST ON POLYGON and 0.05% goes to liquidity providers.
Q4) What competitive advantage does the #JETSWAP platform have that makes you feel most confident? Does #JETSWAP have plans to recruit ambassador programs for different countries to raise awareness of your project at global level and non-English speaking countries??
Flight Commander Miro [Will Never DM First]:
Jetswap is the keystone to our all in 1 defi ecosystem. We are able to tie all of our projects together with the Jetswap platform by offering a dedicated center for liquidity.
No other project is able to grow like we are because of the intrinsic support each of our projects provides to the others.
Our community is always growing!
I'll share the list :)
We also now have
Jetfuel Japan: https://t.me/JetfuelfinanceJP
Jetfuel Sri Lankan: https://t.me/jetfuelsrilanken
We have our Street Team: https://t.me/jetfuelstreetteam
It's our Guerrilla Marketing Team to take Jetfuel to new heights ✈️
We provide simple tasks to help the Jetfuel ecosystem take off. Every time a goal is achieved, a member of the street team will receive a reward.
Q5) What benefits has the recent partnership with SiphonFinance brought to the Jetfuel community? What other partnerships do you have so far?
Flight Commander Miro [Will Never DM First]:
So we have a BIG LIST of partners.
There are almost too many to name! 😂
I'll compile a quick list
Band Oracles
Chainlink
Umbrella Oracles
Siphon Finnace
Hyperjump
Apeswap
Polycrystal
Farm Hero
Yield Watch
Bitmart Exchange
CafeSwap
Beefy
Stellar Invictis
Helmet
1 inch
Billion Happiness
Swamp Finance
Blizzard Finance
Yield Parrot
to name a few 😂
Jetfuel and Siphon have a very profitable token swap program going where users can earn SPHN by Staking WINGS and SPHN can earn WINGS by staking SPHN!.
🟢 SEGMENT 3 TELEGRAM LIVE.
Q1-Strawberry1999:
Sir, what is the most "ambitious goal" of the project? I would appreciate this if you could share with us any upcoming updates? What should the community look for?
Flight Commander Miro [Will Never DM First]:
$1billion in total tvl. We came pretty close a few weeks ago. I'm sure we'll get there in a few months.
Q2-He മല്ലു:
Recently, Jetswap introduces a $1M Incentive Program for Promising Projects. So what is the purpose of this incentive program and please kindly tell us the process on how projects, as well as newcomers like me can take part in the Jetswap incentive program?
Flight Commander Miro [Will Never DM First]:
The $1m jetswap incentive program is an amazing program designed to attract the best projects to use Jetswap Liquidity. Projects can earn up to $25,000 by joining us. We already have a few projects that are going through the vetting process and will be eligible for payment.
Learn more here: https://jetfuelfinance.medium.com/introducing-the-jetswap-1m-incentive-program-8dad765d5d0d.
Q3-༺༒༻ Choose Me ༺༒༻꧂:
According to what I learned, Jetswap has the LOWEST TRADING FEES on Polygon.So what percentage of transaction fee on Jetswap? Besides this, how are revenue being generated for the project itself that could be used on future development?
Flight Commander Miro [Will Never DM First]:
Jetswap polygon swap fee is only 0.1% it's the lowest on polygon.
0.05% goes to liquidity providers and 0.05% goes to the Jetfuel treasury to fund operations.
All of our projects generate revenue so we can continue running for years.
Q4-Mark Liu:
Are you worried that when the market is unstable, your project will be difficult to develop during this period, so what will you do and where does the current income mainly come from?
Flight Commander Miro [Will Never DM First]:
No. While prices of tokens go down in a bear market so do the overall costs of running a crypto project. Marketing, labor, service providers all drop prices in a bear market. We focused on ensuring our treasury is strong and able to withstand any bear market so when things come back we'll be able to capitalize on the bull.
Q5-Nieves Tomas Gonzalez:
Without an working products any idea has zero value. We see many projects are on paper only and no product. So, kindly ensure us that your project is just not an idea and it's already has an working products or practical usecases?
Flight Commander Miro [Will Never DM First]:
Read the ama. We have Jetfuel, jetswap, and fortress. We're one of the most complete and developed project in crypto.
Q6-Dominik Cleary:
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.
Flight Commander Miro [Will Never DM First]:
Yes we always listen to our community. The reason we went to polygon is because of the community requests 😎
Happy community = strong project so we're always working with them to make Jetfuel as strong as possible.
Thanks so much for your time!
Head over to Jetswap.finance & polygon.jetswap.finance and BUY FUEL JETS GFORCE PFORCE FTS WINGS AND PWINGS!
