Date : 4 May 2021
Host : HunterX & GemFlair
Guest : Lever Network Team (ADAM — CMO)
Hello! Spykefastians & Blockchain Enthusiastic!
We recently hosted an AMA with Lever Network , on 4 May 5PM UTC. So here we are up with AMA transcript, for those who missed the live session, this post will be saver & feeder of knowledge for them.
Round 1 — INDRODUCTORY QUESTIONS BY SPYKEFAST .
HunterX — Q1. Kindly give brief introduction about yourself, Crypto experience and your role at @LeverNetwork?
Of course! My name is Adam and I’ve been in crypto for almost 4 years, having worked closely with several great projects within Defi in particular.
I’m currently the CMO of Lever handling market analysis and outreach/exposure. But let me introduce our team a little bit more as well.
The team is from the US and China. Our core members have spent a lot of years in the blockchain area and have lent their expertise in building out Lever with Jeff and Frank leading the way.
Jeff Lian — CEO of Lever Network
•Cofounder of Bitmain funded startup BlockHop whose NFT blockchain game Realm X once had over 10K users.
•Worked for Ping An Financial Technology and Mashang Finance, with 10 years of work experience in Fintech and the Internet industry.
•During his work at Ping An, he was responsible for product management, achieved the increase of tens of millions of users.
•Jeff took part in the development of Credit Passport, which was the first blockchain product of Ping An after joining R3 Corda and also one of the early blockchain products in China.
•In addition, he has several blockchain patents.
Frank — Chief Scientist Officer.
An expert in the defi tokenomics area. Have served as data scientist before in U.S. Currently working on the optimization areas as a PhD candidate. Frank published multiple papers in the top journal for the optimization and algorithm applications.
Serveral successful DeFi products were developed by the team:
• A lending protocol with a TVL of 100 million USD and 0 security incidents.
• A dAPP with the most transaction volume on TRON.
• A Bitmain funded NFT sandox game with over 10,000 users.
HunterX :
Some real expertise in this crypto business. 💪💪
HunterX — Q2. Let’s talk in detail about #LeverNetwork project. What are the main features of the project?
While decentralized finance, also known as DeFi, is experiencing exponential growth, it is also faced with a major challenge of low utilization of funds. On the one hand, lending and trading are relatively isolated in DeFi as users cannot take out loans and directly trade within a single lending protocol or DEX. On the other hand, margin trading as a trillion-dollar market in the crypto world is absent from DeFi, i.e. users can hardly long or short an asset in any DEX. That is the reason we decided to build lever in the first place.
Lever is a decentralized margin trading platform that allows users to lend, borrow and carry out leveraged trading without needing to transfer assets to other third-party platforms. Some of our innovative features include the likes of:
Enormous Liquidity.
By introducing external AMMs, like Uniswap, SushiSwap and PancakeSwap, users can open long and short positions on our platform with a wide range of assets including Uniswap( UNI), Synthetix( SNX), Wrapped Bitcoin( wBTC) and Aave.
High Capital Efficiency.
As both a lending platform and a DEX, Lever provides a trading scenario for loans and also offers margin trading service to traders, which can significantly increase loan frequency and loan size, making high capital efficiency possible. Moreover, Lever allows users to use their tokenized deposit certificates from other lending platforms to earn interest or take out loans for leveraged margin trading.
Easy-to-use Interface.
A visualized position management interface is designed to help users easily open or close positions in just one click. Besides, by integrating with TradingView, a professional candlestick chart is also provided to ensure the best trading experience.
HunterX:
HunterX — Q3. What are the major utilities of holding the $LEV token? How does team plan to enhance it value so as to attract users onboard?
SpykeFastians, some amazing Investors out there in Lever Network. 💪
Can we be able to Long or Short on Uniswap with LeverNetwork
Through Lever yes. After making a margin deposit in the margin pool, you will be able to open either long or short positions in a supported asset in Lever with up to 3x leverage. The platform makes use of external AMMs like Uniswap to provide
surplus liquidity for margin traders to open positions of any size.
To answer your next question, LEV is the governance token of Lever.Network. LEV token-holders debate, propose, and vote on all changes to the protocol. The total supply of LEV is 100M and by buying LEV you can qualify for governance giving you a say in future proposals concerning rates, rewards, etc.
Attached is the graphic for our Levernomics below:
HunterX :
Hahaha.. Cool.. Love the word.. Leveronics. 👌
Token has so much to offer in terms of Utility.👍
HunterX — Q4. Since when the project development has started? What is the present progress of LeverNetwork Platform development?
That is a great question, we are very proud to have reached the milestones we have but we understand we have a long way to go. We started behind the scenes back in 2020 and have worked tirelessly to deliver Lever to the Defi community. There is an old saying, “It is not who you are, it is who you know” and that rings true in every phase of life especially in the crypto community. We are very thankful to have many partnerships and continue to grow new ones. We recently completed a $600,000 seed funding round led by ArkStream Capital, NGC Venture, AU21 Capital, LD Capital, DFG, YBB and DaoMaker.
These funds will be used to continuously expand our platform and ecosystem on Ethereum, BSC and other public blockchains in the future.
From a community perspective, we’ve reached 20,000 followers on Twitter and surpassed 13,000 members in our Telegram Channel. Without a robust community it is tough to remain relevant in the crypto space.
We’ve already launched on Ethereum Ropsten testnet and have received tremendous feedback from our community. The feedback includes features we are going to add and features to potentially add down the road.
The platform is undergoing an audit by SlowMist, who is a renowned company focused on blockchain ecological security.
We will launch the mainnet on May 9th. After our launch, we have plans to launch on BSC, Hecon and other public chains in the future in order to best capture the broader Defi audience.
HunterX:
That’s some real progress the Lever Network team has made with time.
HunterX — Q5. How is #LeverNetwork different from other competitors like DyDx, Fulcrum?
Our core competitive strategy includes product innovation and liquidity improvement.
Product innovation: DeFi is a field of unlimited innovation. Many new products can give inspiration to Lever, including motivating community developers and users to participate in the iteration of Lever. Lever is an extremely innovative and agile team. We will continue to make Lever stronger with openness.
Increased liquidity: Through continuous liquidity mining, Lever regularly attracts new users to enter and attract new funds to lock up positions. Eventually, the amount of locked assets and the number of users will be shaped into normal operation measures. In addition, Lever is actively establishing cooperation with institutional liquidity providers to provide Lever with more active and stable liquidity support through the professional practices of institutional traders.
Additionally, you can see how we stack up from the graphic below as well:
HunterX:
Definitely increased liquidity is a great differential being offered with Lever Network.
HunterX — Q6. What major events can we expect in the 2021 #LeverNetwork Development Roadmap?
Can we let people know about public sale tomorrow (Gnosis Auction) ?
Besides our Mainnet launch coming on May 9th, We will be continuously expanding our platform and ecosystem. The team is currently focusing on our launch on ETH but we have plans to also deploy on BSC, HECO, Matic, DOT, etc. in the future. In addition to that we look to add Layer2 compatibility, an NFT marketplace, Leveraged Liquidity Mining, additional AMM support, and much more will be on our schedule. Check out our roadmap here: https://lever.network/Light-Paper.pdf. It is also our ability to feature cross-chain AMM margin trading and future incentive programs will drive user acquisition.
And Yes! Our public sale with Gnosis Auction will take place May 5th and we look forward to seeing some of you there!
$LEV GNOSIS AUCTION ON MAY 5TH
Metrics:
Tokens for Sale: 2,000,000 $LEV
Starting Price: $1 USDT
Lock-up: 100% unlocked
KYC & Whitelist: No
Start date/time: May 5th, 12:00 PM UTC
End date/time: May 7th, 12:00 PM UTC (48 hrs total).
Gnosis Auction is a platform for conducting fair, transparent, and decentralized token price discovery.
Key Takeaways:
1. When the sale starts go to https://lever.network/
2. You will find the auction entrance on our site.
3. Check Current Price and bid above. You can bid higher as you may pay less when auction ends.
4. Place a new bid or cancel the previous one if the Current Price move above your bid.
5. When the sale ends, claim your $LEV on the auction page.
Backers:
NGC Ventures, CMS Holdings, DAOMaker, LD Capital and AU21, etc.
Advanced Guide: https://bit.ly/3ebh3wi
Telegram Chat: https://t.me/LeverNetwork
Telegram Ann: https://t.me/levernetwork_ann
Twitter: https://twitter.com/LeverNetwork
Website: https://lever.network
LIVE AMA QUESTIONS .
BigDATA — Q1.Your token is important to us ,, Can you please explain to us the Tokenomic distribution of LeverNetwork? How many tokens will be issued in total and how much of the tokens allocated to the Team will be locked?
You can check out more of our Levernomics and distribution in this graphic or in our lightpaper at https://lever.network/Light-Paper.pdf
Isabellqueen4 —Q2. What makes LEVERNETWORK feel confident about the survival and sustainable success of Your project in the near future?
While you build your project, do you take into account community feedbacks and demands?
Community feedback has been our main reason for deploying a tesnet along with incentives to report bugs and other helpful information. We have recieved a number of good ideas from testers that we have already began to incorporate or will be down the road. Our lightpaper is just that, a lightpaper meaning that we will continue to add innovative features besides the ones mentioned that the team and the community agree will grow Lever
Amdad Vai — Q3.The road map tells us ‘’what you have planned until 2021'’❓ with this being crypto that’s a very short road map‼️ What are the plans for the future, and do you hope to do❓
That’s a great question! The reason for that is that you can see we have outlined Q4 as the timeframe for full DAO-community governance. What this means is that LEV holders will be able to help decide the future of the protocol and thus have a hand in the future roadmap
EsrarengizBTC ☕️ — Q4.Do you want the community to play an active role in the development of your Project? Do you really care about new ideas, feedback provided by the community, or is it just staying in the rhetoric?
I’ll answer this last one. We always want the community to express their feedback and help to distinguish Lever as a lead innovator for amm-based-decentralized margin trading and more! LEV token will be a governance token so holders themselves will be able to propose ideas and act on feedback accordingly as well. With Lever our community will always be our priority.
CLOSING REMARKS.
Gem Flair:
Thanks @adam_lever for answering the questions.
Any other question would you like to answer?
HunterX:
Thanks for the responses..
It was great having you here and talk about Lever Network to our community.
Thanks for your time and efforts @adam_lever ⌚️💪
Gem Flair:
It was a great learning session for all spykefastians.Thanks for being here.
On behalf of all Spykefast members, I wish you all the best for timely achievement of all major milestones as per the roadmap.
Adam | Lever Network CMO:
Thank you for having me on today to give some insight into everything we’re working on over at Lever. The questions were great and we hope the community here has some better insight into what Lever is all about. All I can say is be sure to try it out while our Testnet is live at: https://ropsten.lever.network/
We are currently giving away $LEV tokens through our Ranking and Bug Bounty programs for taking part👀
Furthermore, Lever’s Public sale will be on Gnosis Auction on May 5th and our mainnet launches on May 9th, we hope to see you all there!🙂
Be sure to join for more Updates!
Thank you! We look forward to delivering a truly innovative protocol
IMPORTANT LINKS.
Telegram: https://t.me/LeverNetwork
Website: https://lever.network/
Twitter: https://twitter.com/LeverNetwork
Ann Channel: https://t.me/levernetwork_ann
Lightpaper: https://lever.network/Light-Paper.pdf
Docs: https://docs.lever.network/
Spykefast TG : https://t.me/spykefastofficial
Contact Spykefast Group (TG Members — @realsch & @Gem_Flair) for promotions and AMA!!
