AMA RECAP : CRYPTO CHALLENGERS x PLEDGER FINANCE
Venue : CRYPTO CHALLENGERS
Date :07 SEPT 2021
Time : 05:30 PM UTC.
Guest : WES Marketing Head
They shared detailed information and his opinions about the project PLEDGER FINANCE.
🔴 SEGMENT 1 INTRODUCTION
𝗤𝟭. 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗽𝗹𝗲𝗮𝘀𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗮 𝗾𝘂𝗶𝗰𝗸 𝘀𝗲𝗹𝗳-𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆?
Sure, my name is Douglas Lu-Hill, I am a Sr Product Manager at Pledge Finance.
2.Can you briefly introduce the project PLEDGER FINANCE what are some of utlities of $PLEDGE ? How do you think you stand out among the competitors if there are any?
Pledge aims to be one of the first fixed rate and term defi lending protocols on the Binance Smart Chain.
Most competitors in the same space are on Ethereum and offer only variable rate solutions, Pledge Finance is on Binance Smart Chain and with fixed rate lending terms. Pledge Finance also has an intuitive UI which is aimed at making a friendly experience for non-traders.
3. Can you share the achievements the team has made so far ? what are the major achievement target PLEDGER FINANCE is yet to achieve . If possible also share your roadmap.
i still dont see but you can dm me and then i can see there and reply here
Sure, we’ve incorporated only in Feb this year and have gone from a couple of employees to 20+ and continue to grow. We have raised a Series A round. We have established strong interests in our networks with UC Berkeley and Stanford. We plan to have a V1 in October.
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?
We value our platform's user data very much. And we understand in defi space there are many projects that get hacked on a day-to-day basis. That is why we are partnering with some of the top name audit companies around the globe, to ensure that we get not only just 1 audit done with our code but various audits through different companies.
🟢 SEGMENT 2 TELEGRAM LIVE.
Q1- Shihad K:
Pledge has introduced a novel liquidity curve based on logit function. So,can you explain more about how does logit function works in your platform? How does it implemented in Pledge Finance? What are the advantages of lugit function?
Pledge Finance is a fixed rate defi platform. The benefit of the logit curve is that it captures 95% of the transactions in the middle range of an acceptable interest rate, you can think of this like 1 standard deviation. This minimizes outliers and keeps transactions within a stable range.
I saw a very interesting logo of your project in the telegram community.What is the meaning behind your project logo and your project name?
As many of you may know pledge is a formal word in English that means a binding promise or agreement to do something and a pledger is a person who abholds that promise. It seemed like a natural choice for names as it is a promise to establish our vision. For our future we want to a solid household name choice for defi lending in the crypto space. As far as those logo goes, i understand it has something do with seeing a letter P encased in a infinite loop.
Q3-Mano Billi 👸:
Currently, Binance smart Chain blockchain trending topic and It's having high transaction speed and cheap gas fees, Are you planning to Moved other blockchain or launch your mainet in the future?
Yes we plan to move on to other chains. BSC will be the 1st one we want to focus on then we will move to others in the future.
Q4-sreerag k s:
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on? Please share with us!!
We are first focusing on making lending transactions easy to understand by non-traders then we are planning to transition to real world solutions such as real estate transactions.
Please share us your current top priorities and roadmap goals. What is your tokenomics too?
We plan to continue to do different types of airdrops, share our insight with our focus leaders to the community and have a sizable communities in Telegram, Discord, Twitter as we prepare for a launch this fall 2021. Our goal is to be household name among defi lenders by 2022.
thank you everyone and thank you for time
If you wanna know more about Pledge，you can join https://t.me/pledgerfinance first