Date : 10th June 2021
Host : HunterX & GemFlair
Guest: CFL 365 TEAM (Syed Shoeb — CEO)
Hello! Spykefastians & Blockchain Enthusiastic!
We recently hosted an AMA with CFL 365, on 10 June at 7 PM IST. So here we are up with the AMA transcript, for those who missed the live session, this post will be a saver & a feeder of knowledge for them.
INTRODUCTORY QUESTIONS — BY SPYKEFAST TEAM.
HunterX | Spykefast — Q1. Kindly give brief introduction about yourself, Crypto experience and your role at #CFL365 Finance Project?
Syed | Ceo at CFL365.Finance:
I am Syed Shoeb, Ceo at CFL365.Finance
At core, I am a trader and have worked with both CeFi and DeFi projects including OKEx, FTX, CoinDCX and Nuo Network among Other
The idea of CFL365 emerged from the personal experiences and problems we identified in the current ecosystem!
And now with a bunch of passionate folks we are set out to build the World’s First Virtual Hybrid Exchange💪
HunterX | Spykefast:
A trader knows in depth of all the lacunas.
We sincerely hope it becomes a grand success. 🙌
HunterX | Spykefast — Q2. Let’s talk in detail about #CFL365 project What are the main features of the project?
Any major Advisors to talk about?
Syed | Ceo at CFL365.Finance:
In a nutshell, CFL365.Finance is a platform where stocks and crypto markets meet fantasy finance.
As compared to different projects around the world, CFL 365 Finance is quite unique in the way that we have been bringing together the best elements from both the Legacy Finance and Crypto ecosystem
HunterX | Spykefast:
It’s indeed a very interesting idea by creating fantasy trading leagues as well. 💡
Syed | Ceo at CFL365.Finance:
Coming to features, users on the platform will be able to make at least 100x in every leagye they participate in!
And there’s no limit on number of leagues that a user can participate at any given point of time
Additionally, users will also be getting an opportunity to wrap their tokens into NFTs
HunterX | Spykefast:
Found something to share regarding this. Quite easy to understand. 😊
Syed | Ceo at CFL365.Finance:
We have partnered up with one of the distinguinshed NFT project that shall release the NFTs for licensed players from NBA, baseball and soccer
HunterX | Spykefast:
Oh.. Thats fantastic.
Syed | Ceo at CFL365.Finance:
The partnership announcement shall follow soon and stay tuned to get the first hand updates😉
HunterX | Spykefast:
We have seen a lot of partnerships so far and many more to come. Exciting stuff..
HunterX | Spykefast — Q3. What are the major utilities of holding the #CFL365 native token? How does team plan to enhance it value so as to attract users onboard?
Syed | Ceo at CFL365.Finance:
definitely
CFL tokens shall have 5 utilities majorly:
Game Mining
Referral Mining
Staking
Governance
NFTfying of the tokens
HunterX | Spykefast:
A small explanation of all the utilities in the One pager prepared by our designers.
Syed | Ceo at CFL365.Finance:
Game Mining — Basically participating in the leagues on platform and creating custom leagues
Referral Mining — Referral Rewards
Staking — Interest rewards for just holding tokens in your wallet without any locking condition
Governance — Dispute settlement Mechanism
NFTfying of the tokens — Wrapping the tokens into NFTs
Syed | Ceo at CFL365.Finance:
also, A major portion of the Tokens will be allocated to the Ecosystem and the Distribution of Rewards will be done in such a manner that it will incentivize Users of our Platform in the long run.
We’d be rolling out a bunch of interesting updates and partnership announcements to make sure users keep getting the best value to their holdings
HunterX | Spykefast — Q4. How is #CFL365 project different from other competitors?
There are many centralized agencies in competition to CFL365 Finance.
Please throw some light on this as well.
Syed | Ceo at CFL365.Finance:
For the starters, we are the first one’s to provide a virtual asset trading experience for both crypto and stocks on one single platform
HunterX | Spykefast:
Come witness this reunion with CFL365 Finance 🚀🚀
Syed | Ceo at CFL365.Finance:
More importantly, no one else is building this on blockchain, hence no operational transperency
Yeah!! Exactly😅
Additionally, no one allows private leagues, or gives staking bonus
And we also have the NFTfying of the tokens option as well
Over everything, we have an incredible set of folks in our team who are well experienced and to top it off we have some of the best backers from the ecosystem
Our advisors list includes, Lester Lim (Founder X21), Dylan Dewdney (Ceo at Kylin Network), Nathan Pearson (18 Ventures) among others💪
HunterX | Spykefast:
Strong team with well qualified credentials for the Advisors. 💪💪
Last question for Round 1.
HunterX | Spykefast — Q5. What major events can we expect in the 2021 #CFL365 Development Roadmap?
Syed | Ceo at CFL365.Finance:
First version of our product will be going live in the next 2–3 weeks
It would have both stock and crypto leagues!!
Custom league creation and governance model would be launched in the next quarted
We’d also be launching the inter operability for Polygon (MATIC) and Polka Dot in the next quartert
Additionally, we’ll also launch native apps for IOS and Android by the end of this year💪
HunterX | Spykefast:
Also the public sale coming soon. TGE is another important development.
Syed | Ceo at CFL365.Finance:
Yep, sorry for missing that out🙈
HunterX | Spykefast:
Let’s aim for perfection with CFL365 🚀🚀
LIVE AMA QUESTIONS.
Amina Peter — Since users will be getting an opportunity to wrap their tokens into NFTs, will the NFTs have Similar utilities and value as $CFL token? How can the NFTs utilities be measure and become stronger?
Syed | Ceo at CFL365.Finance:
Yep, and additionally they will also get additional privileges on the platform like better staking interests, fee rebates, high weightage for their votes
Javin — The overwhelming number of failed projects, or projects that are fraudulent, have several key characteristics: There is no active communication with the community and anonymous developers. Is your project able to overcome this?
Syed | Ceo at CFL365.Finance:
I couldn’t agree more and since all our team members including core teaam, we have ourselves been prone to such projects in the past and we understand the stain it brings to the complete ecosystem!!
As far as our project is concerned, the team tokens have a cliff of one year and would be unlocking over 12 months, after 1 year
additionally, the highest portion of tokens(30%) is dedicated towards ecosystem and rewards which is for the community
and this shall be unlocked based on community voting
so, for the starters this should be sufficing and we wouldn’t have been able to rope in such big names as investors and advisors if they thought otherwise for our credibility
starcrypto fi — How did you build an ecosystem of users, partners, and content creators, bringing CFL 365-in-class digital services to emerging markets?
Syed | Ceo at CFL365.Finance:
CFL365.finance is going to be a bridge project for stock users to explore crypto markets and for crypto users to understand and experiment stock side of things
And adding to our vision, we believe that the next mass adoption would be driven from the stock trading folks entering into crypto space
also, we’re partnering up not only with crypto folks but also with stock projects to ensure we build an all inclusive ecosystem.
CLOSING REMARKS.
Syed | Ceo at CFL365.Finance:
Thanks community for having me here!! Let’s continue on @cfl365finance
HunterX | Spykefast (@realsch1- twitter):
I repeat — Post your questions in @cfl365finance group and don’t miss out on the rewards.
Syed | Ceo at CFL365.Finance:
Also, big thanks to @realsch for inviting us
HunterX | Spykefast (@realsch1- twitter):
Thanks a lot for being here. 🙏 @syedfromthehive
jordyweaksn:
great ama! thx a lot
IMPORTANT LINKS.
1️⃣ Join Telegram: @spykefastofficial & @cfl365_finance
2️⃣ Follow @Spykefast & @cfl365_finance
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