On October 11th, 2021, Azcoinvest had a chance to welcome Marnotaur
This AMA was held by Azcoinvest Group – the crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Marnotaur directly greeted the community and provided detailed information as well as some key products and future plans.
Time: 08:00 PM (UTC + 7) on Monday, Oct 11th, 2021
Airdrop 100 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: Could you please introduce yourself as well as the Marnotaur project and if there is any story behind it?
My name is Mariia and I work as a Project Manager of the Marnotaur liquidity protocol.
I can define our project as a multi-chain solution that was specifically designed for under-collateralized margin trading. Our team puts all the effort in order to provide traders, liquidity providers, keepers, and farmers with an opportunity to make a fortune on the Defi market.
Speaking of the backstory, you may have heard of our recent rebranding, which was done for the sake of project uniqueness. Since nowadays there are some similar platforms, and rebranding allowed our project to stand out from the crowd and to have its own distinctive style.
Marnotaur’s name consists of two crypto-related words – ‘Margin’ and ‘Minotaur’. We’ve chosen that naming, as it ideally encompasses benefits that margin trading has to offer along with the bull market. Also, we turned to the history of Ancient Greece culture, where Minotaur was a brutal hero that lived in a mythical Maze
Question 2: Could you share with us some key and unique features of Marnotaur?
Cyclese: The list of exclusive features offered by Marnotaur liquidity protocol includes, but is not limited to:
— Cross-chain support.
— Abilities for trading & farming with leverage up to 10x.
— Unique MÆRⴼTΩR NFT collection with fully personalized heroes and endless benefits for the holders.
— Enhanced decentralized smart contracts system for the maximum safety and integrity of the transactions.
— The greatest DAO with various gamification mechanics, regular in-depth analysis, training sessions, and platform governance opportunities.
— Distribution of revenue from protocol’s liquidation fees to our stakeholders
Question 3:Could you share with us your plan for quarter 4, 2021, and are there any upcoming events you are going to launch?
Cyclese: For the last few months, our team has been focusing all its resources and energy to eventually move from the stage of testnet and import the code to the mainnet version.
Thus, I’m pretty sure that we will continually work on this task in the fourth quarter of 2021 and, basically, the results we already achieved are something to be proud of.
The successful launch of the MÆRⴼTΩR NFT collection, the first undertaken steps to creating Marnotaur DAO, and constant expansion of the strategic partners are the most vivid examples of our productive work.
Talking about interesting events, we regularly hold different AMA sessions with well-known communities of the decentralized finance world and conduct raffles & contests with pleasant prizes.
By the way, if don’t want to miss these exciting activities, I would highly recommend you to join our Telegram chat group with the latest updates and announcements
Question 4:Can you share about the goal and long-term vision of the Marnotaur team?
Cyclese: Mainly, we are aiming to expand the number of pools, projects, and platforms offered on the Marnotaur liquidity protocol. We also have plans concerning enabling users to create their own liquidity pools with customizable levels of leverage and risk and switch to a permissionless model in the foreseeable future.
Moreover, we doubtlessly will continue to improve our already existing products and services.
I hope that when we are finally done with all the previously mentioned steps, our team will be able to gain recognition and a loyal audience on the crypto market
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1:Marnotaur enables the most important liquidity operations in Defi, such as Leveraged Trading, Leveraged Agriculture, and Maximum Leverage. So, can you explain how each of these services you offer works? How do users interact with these services? What are their benefits?
Cyclese: Yes, our liquidity protocol offers all these functions and now let’s dive into their work principle.
Speaking of Leveraged Trading, our technology is able to tap into both order book and swap decentralized exchanges. Our margin trading works without the use of third-party services and the liquidity for carrying out operations with leverage is borrowed from our liquidity providers. We strongly believe that this technology is quite an evolutionary advantage that will help to continually evolve decentralized solutions.
Leveraged farming on Marnotaur ensures that the campaigns keep up with decentralized models while providing under-collateralized access to farming with opportunities to significantly increase users’ profits. Farmers can also earn assets from the pool and transfer them to staking contracts.
The Personal External Vault system allows our users to access leverage, which can be used for previously mentioned leveraged trading and farming. Initially, 5x leverage will be available, but we are planning to increase it up to 10x in the nearest future. Some other features are multi-chain support, gas & capital efficiency, and sharing of a part of liquidation fees with our stakeholders
Question 2:I saw from your Twitter that there are sales of Marnotaur NFT. It is very interesting as NFT is one of the hot topics in the blockchain industry today. What are the benefits that these NFTs bring to their owners? How can I buy it? @1stniokla
Cyclese: Yes, you definitely have a point, as NFT has been at its peak lately and can be considered a real game-changer in today’s Defi environment.
That’s why our liquidity protocol has recently launched its own MÆRⴼTΩR NFT collection in partnership with the NFT256 artistic community.
Immeasurable artistic value implemented into the blockchain technology with a wide list of unique features for NFT holders including:
Earning & staking rewards in $TAUR tokens
Increased leverage ratio
50% royalty distribution from secondary market sales
30% of the profit from all future Marnotaur NFT sales
Personalized hero with various unique traits
Question 3:The utility of the token is one of the factors that evaluate the credibility and potential of the project. So, what are the utilities and roles of $TAR in the ecosystem? How can users earn more? And are the profits attractive? @jamescoady88
$TAUR will be used for the following purposes:
– Rewarding users for providing liquidity
– Rewards for farmers
– Platform governance – token holders will be able to vote on proposals regarding the development of the platform
But one of the most beneficial utilities of our token is rewarding stakers with a share of the revenue from liquidation fees. This source of income is the most profitable, and other platforms do not provide such bonuses to their stakeholders.
We also have a Buy & Burn program to take pressure off the token price and increase its value
Question 4: My understanding is that users or locked bettors have the power to drive the protocol decision. So, can you explain if you have developed a DAO for Marnotaur members to vote for the future of the protocol? What are Marnotaur’s plans to be a global platform? @huy41013132
Cyclese: Yes, we have Marnotaur DAO that allows our members to take part in the development of the project by voting on decisions that determine how the liquidity protocol should be developed.
Marnotaur DAO is not just a group of degen traders, it’s a crypto family that is confidently walking the path to financial independence in the Defi market.
With our DAO, you will get access to real gamification, training sessions, detailed analytics, and guilds. Also, there is the opportunity to take part in different games and to get to know the gamification mechanics, depending on which NFT(s) from the MÆRⴼTΩR collection you hold.
We do appreciate our audience and intend on sharing valuable and insightful information with the most loyal Marnotaur users. So, join the Marnotaur DAO and сontribute to our mutual success in the crypto world.
Global awareness is very important to the development of our platform. That is why we have already created local communities, backed by Local KOLs and our support team
Question 5:Although the blockchain gaming space is arguably in its infancy, there are many blockchain gaming projects out there trying to enable mass adoption to the traditional gamer like CryptoKitties, Splinterlands. How are your marketing, game, and blockchain?
Cyclese: Before creating the Marnotaur solution, we analyzed the market and decided to create a platform that would solve the problems associated with the interaction between crypto-assets, gas prices, lack of assets, and pools, offering more profitable and convenient conditions for trading and farming.
Talking about marketing, Some of our results are cooperation with several KOLs, creating local communities, partnership with lots of funds and crypto projects (a full list of our partners can be found on our website), $TAUR Community Round on DAOMaker, and Infinity Pad, the launch of DAO and the MÆRⴼTΩR NFT collection which will provide our users with different gaming mechanics and many other bonuses, like up to 1,200 payback, staking rewards, 50% royalty distribution, different unique traits, and others.
The MÆRⴼTΩR NFT collection sale is going on now, so hurry up to buy your NFTs to get lots of rewards
PART 3: BEST LIVE QUESTIONS AZCOINVEST GROUP
Question 1:Does your Project has a marketing strategy to expand on social networks to reach more Investors and your Project community? And how will you handle it? How important is community support for the $your Project project?
Cyclese: Talking about marketing, Some of our results are cooperation with several KOLs, creating local communities, partnership with lots of funds and crypto projects (a full list of our partners can be found on our website), $TAUR Community Round on DAOMaker, and Infinity Pad, the launch of DAO and the MÆRⴼTΩR NFT collection which will provide our users with different gaming mechanics and many other bonuses, like up to 1,200 payback, staking rewards, 50% royalty distribution, different unique traits, and others
Question 2:Can you tell me what advantage does Marnotaur has when competing with other Defi platforms?
We support multiple blockchains, 5x leverage for the DeFi market, governance, farming, even NFT ranking, plus several other features. We also share the income from liquidation with the stakers (one of the most profitable means of income on any such platform). This makes our platform unique, other platforms do not offer this
Question 3:Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Cyclese: Being the promising project that it is, Marnotaur is backed by a group of authoritative investors, including top-rated crypto platforms and funds such as Hyperion Decimus, Follow the Seed, DCAP, Lemonode, OneMax, MoonBoots, Avalaunch, MarsAcademy, Nodeseeds, Lupa X Capital, Crypto Fomo, Bigcoin Capital, Metrix Capital, Pluto, Cryptodiffer, Hua Capital, Blockhunter, Titans Ventures, BMW Capital, China Polka and Tokenomik
Question 4:How secure is your platform to use? Have you done audits of a smart contracts? What security measures are adopted from bugs of smart contracts and hacking?
Cyclese: The safety of funds is guaranteed by decentralized smart contracts. Our smart contracts have undergone an audit and have been declared to be reliable
Question 5:What is your plan for global expansion? At present, which market are you focus on, or is it focused on building and growing to gain customers, users, and partners?
Cyclese: Global awareness is very important to the development of our platform. That is why we have already created local communities, backed by Local KOLs and our support team.
We have various telegram channels, you can join them after the AMA session
Moreover, the site and platform are now being translated into different languages and soon more language options will be offered for our products. Nevertheless, we believe that Defi language is universal and we are trying to make the product as simple and as user-friendly as we can
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
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