AMA Recap — Asva Finance
The session of AMA ( Ask Me Anything ) with Asva Finance was conducted on 1st Nov 2021 at 7:30 PM IST (12 PM UTC) and lasted for 1:30 hours.
ADMIN ROUND
I welcome you on behalf of Crypto players India team, hope you will enjoy today’s AMA session.
Very excited to have you with us.😊
Jonty|Host
Please tell us about yourself and the team working on Asva Finance?
Naidu Mallikarjuna
Sure. my self Mallikarjuna Naidu, I am the CEO of Asva Labs An avid crypto enthusiast, I have worked in growth and marketing roles for some leading projects and investors in the crypto space since 2017. Our CTO, Kumarvel, is an expert in blockchain technology, cryptography, and cloud computing. And our product manager, Sumit Gupta, has a demonstrated history of working with over 16 years with corporate giants. We have a group of professionals from diverse sectors working in the backend, unified by their love for blockchain technology and crypto. The tech team is led by blockchain developers and a marketing team they are holding expertise in the DeFi and NFTs space with an excellent track record. To keep up with our expanding vision and scope, two bright minds in the crypto community have joined our team of strategic advisors. Michael Huynh, t Michael Hyunh, the co-founder of DeFi Summit, is a reputed crypto marketing advisor who has worked with some pivotal projects in the industry, and Ilias Bouchir is the founder of the successful VC firm Meridian capital.
Jonty|Host
What is Asva Finance? Please provide a detailed introduction.
Naidu Mallikarjuna
Before I explain about About Asva Finance let me give a few words about the industry and problems the need address, today DeFi has an approx $103.05B value locked in as of now. It has grown by leaps and bounds in the last few months by offering innovative ways to store and generate wealth without relying on intermediaries. However, the transparency and trustlessness promised by DeFi come with a price. Due to the lack of interoperability in the crypto space, diverse blockchains with diverse features are unable to interact with each other.
If users want to avail a particular money market service, they have to switch between different platforms and blockchains to compare prices and yields. This takes time and good judgement. It is not for newbies. Managing DeFi assets has become a nerve-racking job due to the unpredictability of the market. We want to make DeFi more accessible and mainstream. Our answer to that is simplicity and multi-chain. That was how Asva Finance was born. It is a multi-chain DeFi aggregation engine that routes the best yields on DeFi money market services by integrating top DeFi protocols from across top blockchains on a unified interface. Whether you are yield farming, lending, or borrowing, the interoperable DeFi dashboard offered by Asva Finance will give you a birds’ eye view into the market and help you make informed decisions. On top of that, you can manage all your DeFi investments, transactions, and P&L with ease. Asva Finance will get you on-time price notifications as per your preferences. How do we do all that from one single platform? By leveraging our advanced cross-chain routing mechanism. Developed by our team of top blockchain developers, that gives us the biggest competitive edge in the market. We are led by the vision to take DeFi to new heights with a multi-chain approach.
Jonty|Host
Asva Ventures which is a multi-chain fundraising firm which helps bringing together promising projects and retail investors, Please tell us in detail?
Naidu Mallikarjuna
Yeah, we recently launched asva labs other ecosystem product Asva Ventures is a multi-chain venture fundraising firm that helps promising projects scale to their full potential. We focus on projects that explore NFT, art, gaming, music, play-to-earn, virtual world, and other trending sectors backed by a robust vision. We have a suite of frameworks on offer to help both listed projects and retail investors take strategic steps in their endeavours. to read more about asva ventures https://asvafinance.medium.com/the-metaverse-is-coming-how-asva-ventures-shapes-the-immersive-realm-2952468710b2 We are happy to announce that we have applied on asva launchpad contract security audit on hacken which top-notch & their smart contract audits are well known in the industry https://twitter.com/asvalabofficial/status/1453734480888221698
Jonty|Host
Asva will have a Metaverse product very soon, What will be it’s features?
Naidu Mallikarjuna
Of course , it is been trending topic currently, The metaverse is growing by leaps and bounds, thanks to the upsurge of NFTs. Research and development in various technologies are progressing at a rapid pace to create alternate digital realities where people can work, play, and socialize, some industry-leading projects they are doing really well next-gen internet is in the making. And we are thrilled to inform you that we will be joining the metaverse revolution with a platform that will give an unparalleled immersive experience to artists, collectors, and buyers. The project is under wraps now. But one thing we can say for sure is that it will bring a REAL change in the VIRTUAL world. more details about our metaverse product we will release in upcoming weeks.
TWITTER ROUND
As of now, Asva Finance had established chain support for three blockchains, the BSC, ETH and Polygon network. However, I’ve learnt that Kardiachain is one of your project’s partner and investor, will this mean we will see chain support for Kardiachain itself in the future?
Naidu Mallikarjuna
Being a multi-chain interoperable platform, we want to feature DeFi money market services from across top blockchains. In the first phase, Asva Finance is built on BSC, Polygon, and Ethereum integrated with Some of the top DEX and other AMM protocols. In the upcoming versions, we are targeting non-EVM chains like Polkadot, Solana, and more to tap into the diverse DeFi protocols that are native to the networks. This will ensure that users can compare and choose the best yields from one interface with ease, regardless of their preferences. We are planning to integrate the most adopted protocols from each network on the platform. The implementations will be completed in different phases. We have an engine on BSC or Polygon which will connect to different chains via chain-specific routers through bridges. Those routers will connect to different DeFi protocols on that chain. Asva Finance features a unified interface to display the best APY records from different networks, giving users choices to select the best pools based on the interest rate and other factors.
Nobody can guarantee the security of Smart contract. But Audit play an important role to find out the known bugs of smart contract. Can you tell us describe how strong is the security of Asva? Have you done an audit by any third party ?
Naidu Mallikarjuna
Of course, we took audit importance as most primary level per the launch of our product, Asva token contract has completed a comprehensive security audit from the leading blockchain auditing firm, Quillhash. Find the reports here
https://asvalabs.gitbook.io/asva-labs/
And Asva Launchpad contract is currently going through a dedicated audit by HACKEN to make sure that our product is safe and secure for use. We are awaiting the results now. It will be announced to the community through our official channels
https://twitter.com/asvalabofficial/status/1453734480888221698
I saw that ASVA is having a program named ASVA warrior program. Can you tell us what this program is about? Can anyone participate in this program? Are there any rewards? If yes what is it? and how will it be distributed?
Naidu Mallikarjuna
Asva warriors Program is incentivized crypto influencers — social media communities, bloggers, vloggers, designers, clubhouse speakers, growth hackers, advisors, KOLS, and anybody who has been contributing to the growth of thriving crypto sectors like DeFi and NFT — to take the Asva project to a wider audience. we reward them by premium features of asva launchpad, and asva fiance You will find more details about the program and the application form here
https://forms.gle/RqQRypKBj9R86m4K7
COMMUNITY ROUND
anondo000000
What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project?
Naidu Mallikarjuna
There are a few similar players in the market. However, we are building a DeFi aggregation engine that offers advanced money market services from a unified interface by focusing on multi-chain integration. This is unlike anything the market has seen before. The multi-chain solution routes the best yields on top DeFi protocols on different networks from one interface, empowering users to make research-backed decisions. We will have an engine on BSC or Polygon which will connect to different chains via chain-specific routers through bridges. Those routers will connect to different yield farming protocols and other AMM protocols on that chain. This advanced routing mechanism sets apart Asva Finance from other market players. This way, you no longer have to scout around for efficient protocols and high APYs. Another feature that marks off Asva Finance in the market is our portfolio management module. It will let users monitor all their DeFi investments, transactions, and P&L with ease. Also, you will get on-time price notifications.
hugaybash
What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project? Can you give an overview of your Tokenomics, and the UTILITY of Token?
Naidu Mallikarjuna
$ASVA token fuels the Asva Labs ecosystem with diverse utilities including governance, staking, payment facilitation, and incentivization. For starters, users can stake ASVA tokens on Asva Finance, Asva Ventures, or DEXs to earn high APYs. Staking on Asva Ventures will give you eligibility to participate in listed IDOs if you meet the tier requirements in addition to APY. ASVA tokens will accredit the protocol incentive structure of the ecosystem on top blockchains. As we move towards a DAO structure, ASVA token holders will be granted voting rights. They will have a say in various decisions that concern the platform. Moreover, our reward system will be based on ASVA tokens. In the coming phases, we intend to expand the utilities of ASVA keeping in line with the latest trends in the industry. Check here Asva Tokenomics
https://asvafinance.medium.com/asva-tokenomics-update-investing-into-the-asva-ecosystem-499d4f9afea1
sumi12352
PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?
Naidu Mallikarjuna
Of course, We have joined hands with some of the top-tier projects in the industry including Kylin Network, Parsiq, Kardiachain, Unmarshal, Oddz Finance, Raze Network, and HyperSign as part of expanding our features, functionalities, and credibility. We are also looking forward to adding more partners to the list in the upcoming phases of development.
Find more details about the partnerships here:
https://asvafinance.medium.com/asva-labs-quarterly-recap-q3-2021-4f2e6e30f670
Allen9990
A strong marketing strategy is essential to ensure the long-term success of a project at all times. Did you set up a special marketing team for your project and what marketing activities are you currently doing?
Naidu Mallikarjuna
Asva IDO will be launched on CardStarter, a FIRST decentralized accelerator that connects early-stage investors with promising projects on Cardana ecosystem. Asva Finance IDO whitelist opens from 4 NOV to 8 NOV, IDO event will be held on 11 nov.
here is the schedule you can check
https://twitter.com/asvalabofficial/status/1454197790930726919
We have a strategically laid out marketing and partnership plan that covers each phase of development. We have got some of the leading channels, communities, influencers, and KOLs onboard to create awareness around our project in the crypto space. Ahead of the IDO, the marketing activities are in full swing with PR promotions, community events, giveaways, and AMA sessions. Members of Asva Ambassadors and Asva warriors programs are putting in their best work to spread the word about the Asva Labs ecosystem across the globe.
Make sure to follow our official channels for more info. we have a lot of product updates and giveaways that are launching in the coming days, hope you will be part of Asva community 😊
Join our telegram
https://t.me/asvafinance
https://t.me/asvafinanceofficial
Follow our Twitter pages
https://twitter.com/asvafinance
https://twitter.com/AsvaVentures
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Naidu Mallikarjuna from Asva Finance. AMA Concluded at 9 pm IST.
