AMA RECAP with Fiscus.FYI held @ DeFiProjectAMA Telegram Community
Good day to all! we have AMA portion with Fiscus.FYI as Decentralised Gambling Infrastructure
Date: November 9th 8 pm GMT +7
Venue: t.me/DeFiProjectAMA Community
Guest:
Mr. John Ryger (https://t.me/johnryger)
Mr. Bogged (https://t.me/Boggedd)
Project Telegram:t.me/FiscuFYI
Host: Anita Williams & Amanda Simon
The AMA will be in 3 Phases
- 1st Phase: Questions will be from Team.
- 2nd Phase: Questions from Twitter
- 3rd Phase: Questions from Telegram Community.
1st Phase: Questions will be from Team
Anita Williams:
Q1. Could you briefly introduce what is FISCUS.FYI?
John Ryger:
Fiscus.fyi has made headway by being the first in the Defi market in various fields.
For one Fiscus.fyi Dice is a Defi gambling app that allows anyone to create a casino using their own token within minutes. So it can rightfully be described as the “uniswap” of Defi gambling.
Additionally, Fiscus.fyi NFTs or FNFTs are the first to introduce AI created ART NFTs that once staked are added to Open Ocean for sale, which is also a first in the NFT space.
Anita Williams:
Q2. Could you please list some of your most advanced features which we have not seen on the market before? What additional input does FISCUS.FYI have already to existing solution?
John Ryger:
To add to the first question and that is that Fiscus.fyi takes provably fair gambling to the next level by giving anyone the tools to create their own casino within minutes that they can add to their site. Anyone can create a pool and or add liquidity.
On the NFT side as I mentioned before the combination of Artificial intelligence and NFTs opens up a whole new set of NFT opportunities. There will always only be one and the owner is the sole owner of that art.
Some examples of the first AI NFTs are:
Anita Williams:
Q3. The Defi space is very young and is changing rapidly. How flexible are your tools to adapt to changes in the Defi crypto space? How do you make FISCUS.FYI become popular?
John Ryger:
The ease of use and ingenuity of both Fiscus.fyi Dice and Fiscus.fyi NFT has many benefits for teams, aspiring casino operators and liquidity providers alike.
The FNFTs that can only produce no more that 10 per month will scarce adding value to them.
Anita Williams:
Q4. How does FISCUS.FYI incentivized liquidity staking program work and how is it different from the usual staking program? How many liquidity pools are available and are there incentives for liquidity providers?
John Ryger:
Sure. There are currently 4 pools.
- FFYI LP(liquidity) pool - Users can add liquidity and earn interest for doing so.
- uFFYI LP(liquidity) pool - Users can add uFFYI liquidity and earn interest for doing so.
- RS(revenue share) pool - This pool will earn rewards from various places including a small amount from all dice games and a share of all NFT’s being sold.
- pool - The FNFT pool allows(currently) for users to stake FFYI and earn a piece of AI art.
Anita Williams:
Q5. How does Defi-as- a service focus on security and anonymity? Can you explain to us in detail how it will be anonymous?
John Ryger:
Currently you do not need to verify for any of our applications, for example anyone can create their own casino if they have a wallet with enough for a liquidity pool. Similarly meta mask is anonymous, and in the spirit of Defi so is Fiscus.fyi.
1st Phase END.
2nd Phase: Questions from Twitter
Amanda Simon:
Q1. @SweetDaisy1995
Can you discuss about project NFT? And how's this feature helps your project?
John Ryger:
Fiscus.fyi NFTs produce a limited number of FNFTs each month that adds value to the NFTs created since they are one of a kind and scarce.
It is also a one of a kind AI produced NFT that adds an extra layer of value.
Currently it is brand new so new NFTs will come out soon and we suspect especially the first ones will have tremendous value subsequent FNFTs will have a similar value as more users realize the potential. Visit https://fiscus.fyi/stake to start staking FFYI and earn some of the firsts FNFTs!
Amanda Simon:
Q2. @ontortk
What are your most important next priorities until the end of 2020? Are the fundamental tools sufficient to achieve these goals?
John Ryger:
Fiscus.fyi is focussed currently on adding new FNFT pools more and more dice pools. Have a look at our roadmap. https://fiscus.fyi/icon/roadmap.png
Ultimately Fiscus.fyi will be an interoperable blockchain agnostic lending aggregator and the first truly decentralized gambling app that is provably fair, and a DEFI NFT generator.
Amanda Simon:
Q3. @Rugged_hunter
What is the benefit of buying FISCUS and holding it for a long tine? What do you want to your community to contribute for the success of FISCUS?
John Ryger:
Fiscus.fyi has two tokens, FFYI and uFFYI. FFYI is the governance token of Fiscus.fyi.
- 1. They will have a chance to contribute to all future developments of Fiscus.fyi.
- 2. They can stake FFYI and add liquidity to while earning rewards for doing so.
- 3. It can be used to mine FNFT.
- 4. FFYI users will get a share of all revenue earned in the FFYI RS pool. uFFYI Hodlers can add liquidity and mine FNFTs(coming soon).
Amanda Simon:
Q4. @NinAZ125
What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally? What are the services you offer to the community?
John Ryger:
Fiscus.fyi is global and strives to be global.
Currently the Fiscus.fyi Documents have been translated into English, Russian, Spanish, Korean, Chinese and Japanese. It can be found here https://docs.fiscus.fyi/. There is also a Vietnamese Telegram group https://t.me/fiscusfyiVN. Discord is also open for anyone to add their own language with an active Dutch community.
Amanda Simon
Q5. @joyce0502
There are so many projects that only exist for a moment "die on the road, traumatizing investors with new project". How can FISCUS project survive continue to grow and in what ways do you convince investors that this project is very promising?
John Ryger:
Ultimately, products that have a use will have long term prospects.
We believe that Fiscus.fyi Dice does just that! Previously to start a provably fair gambling app users had to make their own contracts, sites etc.
With Fiscus.fyi Dice anyone can make a pool and add it to their site in only a few steps. Have a look at https://dice.fiscus.fyi/all.
We have seen with NFTs a similar scramble for better content. Having AI create the art makes the system much more streamlined and automated than before.
2nd Phase END
Final Phase: Questions from Telegram Community
Q1: @oktitel
Partnerships are crucial for Adoption, so can you tell us what partners you have currently and future partnerships?
John Ryger:
Yes partnerships are important and one of the key elements of Dice is that anyone can create their own gambling app in minutes and get rewarded as the "house" to that end we are getting in touch with numerous teams to do exactly that! Anyone can start however official teams can also be featured on our page so in the future we expect multiple token teams to create their own Fiscus.fyi Dice.
Q2: @cormierleland
In some Asian countries , the gaming industry accounts for a large proportion of the economic distribution. So, what do you think of FFYI potential in this field?
John Ryger:
Well as mentioned anyone anywhere can create their own gambling app and export it to their own site. For example
add the widget code to your site. You can make a pool and add it too!
Q3: @joky098
Where does the project name come from? What does it mean for you and why did you choose that name for your project?
John Ryger:
Fiscus is Latin for treasury!
Q4: @hacker1224
Is Your project a Global project ?
Is any of the local communities restricted from contributing to the project ?
John Ryger:
Fiscus.fyi is a global project covering most of the world. Our documents page is well translated into English, Russian, Korean, Chinese and Spanish!
Q5: @Saaho77
DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?
Do you think DeFi will destroy the existing financial system?
What’s your project Approach towards DeFi?
John Ryger:
I don’t think Defi will destroy the current financial system but it definitely can replace it. The type of projects coming to fruition currently is very strong and have use cases. In our case we are currently focussed on NFTs and Gambling. Two of the sectors that defi has a lot of room to grow in. If you have a look at our medium post on truly defi gambling you will notice how simple it is for anyone to create and operate their own. It is similar with other decentralized financial applications. The big hope here is that it will take shape and that the network will scale with the solutions as they come out. A similar thing can be said for art or anything for that matter. It truly allows us to digitize large sectors of the economy.
