AMA RECAP : CRYPTO CHALLENGERS x SOLILY PROTOCOL
Venue : CryptoChallengersD
Date : 30 MAY2022
Time : 12:00 PM UTC.

Guest: CACTUS
They shared detailed information and his opinions about the project SOLILY PROTOCOL

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

Cactus𓀠,
HI all I’m Cactus, CMO of Solily Protocol. 5 years exp in crypto.

Solily is a one-stop DeFi platform incorporating a variety of DeFi services into one ecosystem.

We aim to build a go-to DeFi platform for newcomers by providing more accessibility and capital efficiency to users. We believe the protocol will scale fast due to its eclectic nature.

https://linktr.ee/solily

In a word, we are building Asset Vaults for top projects on Solana.

Learn more with our linktree.

2.Can you briefly introduce the project SOLILY PROTOCOL what are some of the utilities of $LILY ? How do you think you stand out among the competitors if there are any?

LILY is our protocol token with a max supply of 200,000,000

LILY holders will decide where our protocol is heading towards.

LILY tokenomics here:

5% Initial Liquidity — 10,000,000 LILY-500,000USDC provided via Raydium
15% Development Fund (including IDO) — 30,000,000 LILY
10% Boardroom — 20,000,000 LILY as dividends distributed in 10 months
10% Team — 6 months cliff and 540 days vesting
60% Mint

We launched LILY in May 17th. It’s only a 13 days’ token. Keep an eye on this guys!

3. Can you share the achievements the team has made so far ? what are the major achievements that SOLILY PROTOCOL is yet to achieve . If possible also share your roadmap.

TVL just crossed $2M!

We also successfully Integrated with many top DeFi projects on Solana now. Such as Raydium, Larix and Francium. More to come.

https://docs.solily.io/roadmap

Roadmap!

4. Could you share a bit about security and also what benefits you provide to incentives users choosing your platform?

We have selected hacken as our audit partner and slowmist.

Code is the law. Security always comes first as our company’s motto.

We kyced by the Solana Daily team and they are in charge of our marketing!

We are recognized by many authorities and able to stand with big names.

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

1.Marketing and partnership are really important to any projects because it facilitate to reinforce the incredibility of that project. Can you list several well-known partners? What will you execute to keep long-term holders as well as gamers?

https://twitter.com/solaunch_io/status/1530101795183132673?s=20&t=3UphGy74WjlCjFhq_JckGQ

We have partnered with solaunch_io, the first contagious launchpad for DeFi, art and games on #Solana

Cause we will announce our partership with chainlink at June 1st.

Stay tuned guys.

2.veLILY holders control the ecosystem and receive most of the platform fee profits. Is there any difference between LILY coin and veLILY coin? Why do the advantages of holding a veLILY have a higher rate?

Users can lock their LILY to accquire veLILY to be a part of boardroom members and get the dividends.

Druing the dividens, veLILY will be consumed and after that you need to lock new LILY to accquire veLILY.

Holding veLILY is a great option for LILY holders.

In the near future, anyone holds more than 1,000 veLILY can make a proposal among the LILY community.

And veLILY holders can perform better on farming with extra boost on yields.

3.The rapid growth and increasingly sophisticated technology, what are the advantages of @solilyio and how to overcome the competition with others?

https://drive.google.com/drive/folders/1j9R6iEBwz929HV6ZNRFdJpgrLPzd28GA

4.BTC has been shaky recently, as we all know. How do you deal with token holders such that they don’t sell them when the price drops and you end up with nothing?

We don’t force people to buy or sell.

All we can do is try our best to show them we have potienials and we are capable of building real protocols. As long as we hanve many believer, price movement will be a fun chart to watch.

Also stay strong in a bear market!

Keep your money and come back stronger. Meet you in bull market again.

Q1-Rohit,
🅱️What do you have?
1- Telegram Group✔️
2-YouTube Channel✔️
3- Tik tok channel✔️
4- Discord✔️
5- Twitter✔️
6- Website✔️
For this project, where can I get the latest information and what is the latest
plan for your project?

[In reply to Rohit]
https://linktr.ee/solily

Q2-Crypto King ♔,
Does this project already have opened AIRDROP ?
And whom will qualified for the AIRDROP ?

[In reply to Crypto King ♔]
No airdrop. We fair launched at May 17th.

Q3-Mauket [STAKE Ambassador],
Can we earn more money on Solily by farming, trading or staking? !

[In reply to Mauket [STAKE Ambassador]]
Farming, trading and staking! All work. https://www.solily.io/farm

Q4-Poji |• CAKE Farmer,
is it possible to participate in Solily with a small amount of money? What is the estimated profitability at the moment?!

[In reply to Poji |• CAKE Farmer]
Yes. Any amount sir! Totally up to you.

Q5-Temitope Awoyinka,
Can i buy your token on any exchange now
Are you live, what network are you developed on

[In reply to Temitope Awoyinka]
https://raydium.io/swap/?inputCurrency=LiLyT885cG9xZKYQk9x6VWMzmcui4ueV9J1uzPDDajY&outputCurrency=EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v&inputAmount=0&outputAmount=0&fixed=out

LILY is now available on Raydium. Use the link to trade LILY-USDC pair.

Hope to meet you all in Solily garden. https://t.me/solilyprotocol

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