AMA Recap — RiFi United
The session of AMA ( Ask Me Anything ) with RiFi United was conducted on 20th Nov 2021 at 5:30 PM IST (12 PM UTC) and lasted for 1:30 hours.
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.😊
Could you please introduce yourself and your team?
Ngan | Rikkei Finance
My name is Ngan, CMO of Rikkei Finance. Great to meet you all today!
I’ll share with you more about our team:
Hoa (CEO) is a seasoned expert in the DeFi space with years of experience innovating and advising on numerous projects. He is a co-founder of Rikkeisoft with a B.S from Ritsumeikan University. Hoa is the CEO of Rikkei Finance, where he is devising strategies and leading innovation on the best ways to revolutionize the decentralized finance space, bridge the education gap, and democratize access for the community.
Tung holds the CTO role, where he is responsible for all the tech parts of the company. He possesses a demonstrated history of working in the information technology and services industry. He leverages his tech knowledge to ensure that all products and services are adequately optimized for the marketplace and the consumers’ interests. He is an information technology expert with a PhD in Computer Science from Nanyang Technological University.
Duc is the CFO of Rikkei Finance. He works on the company’s finances and is responsible for ensuring all accounts are adequate. Duc is a former quantitative researcher at Keebeck Alpha Nanyang Technological University, Singapore. He has a huge passion for building a sustainable lending protocol, which motivated him to keep his mind on RiFi’s business model and develop RiFi’s protocol with high-standard risk management that enhances users’ experience and encourages greater participants.
Why do you and your colleagues create RIFI United?
Ngan | Rikkei Finance
Hoa and Tung both come from a company named Rikkeisoft, one of the biggest IT companies in Vietnam. Rikkeisoft was established 9 years ago, back then we had only 12 developers, now we have 1300+ in Vietnam, Japan and other places. You can see that we didn’t raise any money for the seeding round, it’s because we received a lot of support from Rikkeisoft, not only the financial aspect but also solidity developers, marketing team or legal support as well. The reason for creating RIFI United is that: RIFI United is one of the products of Rikkei Finance. The product is built to pave the way for our future NFT lending, one of the 3 main features of Rikkei Finance.
Since there are many more soccer manager games in the market right now, so what makes you different from them in terms of fun, incentives etc.
Ngan | Rikkei Finance
1. NFTs Players & Chemistry
By joining the game, you’ll be able to simulate the game as a football manager, whose squad consists of NFT animal players. The players are in the appearance of the tiger, horse, buffalo, etc. Therefore, it is important for you to pay attention to not only the stats but also the players’ species when forming your team. As not all species like each other. They will play well if they have high chemistry with each other (same species, having played for the same club, same league,…)
2. Game modes:
3 game modes are available for you to choose from after forming your dream team: the AI mode, Rank Match, and League. The PvE mode, where you need to play against AI, will help sharpen your skills and optimize your team so you can better understand the strengths and weaknesses of each player. 100 levels of AI are built for you to practice and rewards will be given once you pass each level. For The Rank Match, you can play against other managers who share the same powers as you. In this mode, top players will be rewarded with the highest MMR. The League is more long-term and takes the competition to a whole new level. Here, you need to compete with the other 19 opponents to get the ultimate prize. You’ll have to apply what you learned in other modes in this round, as you’ll be tasked with the job of seeing your team through, from the group stage to the final.
3. Gameplay Details can be found here: https://rikkei.finance/blog/RIFI-United-P2E-Gameplay-to-be-Introduced Our CTO — Tung Vu also made a video to share with you the features of RIFI United. You can watch it via this link: https://www.youtube.com/watch?v=fP3d8DnGPWI “ subscribe us for more interesting info.
In RIFI United we may be the owners of football clubs, but as far as I understand that, we can also own land and players. Does this mean we can build our own Stadium and become presidents of our own football team? In that case, how can we make money from it?
Ngan | Rikkei Finance
Yes, you are right! As a RIFI United soccer manager, there are many activities for you to be involved in the game:
- You can form your dream team: You will have to deeply understand your NFT players who have their own unique strengths, weaknesses, specialities to set them in the most suitable position in the squad, increasing your odds of scoring a goal. Perhaps you will have the greatest trio ever, similar to Messi-Neymar-Suarez.
- You can train and track the performance of the teams: The high-skilled NFT players can bring soccer managers to tournament prizes or raise their prices in the marketplace. As a Soccer Manager, you can put your squad into training sessions to level up their skills and or join several tournaments to gain winning awards.
- You can take part in soccer tournaments: You need to analyze your competitors’ strategy and assess your players’ form to develop the best plan for your match! — You can have fun with the betting system: At the beginning of the season, each team will have a chance to contribute to the reward. All of it goes to the top three teams at the end of the season.
- You can buy/upgrade your facilities: Everything is in your control, from building your stadium into a big venue to preparing parking slots and other utilities, ensuring that the players could have the best training and the fans could have top-notch matches to cheer on.
- You can participate in the NFT market: NFT soccer player in RIFI United is not just a card, but a virtual player which could be transferred in the marketplace to form a better-skilled team. Also, you can buy or sell types of training packages or equipment packages in our one and only marketplace.
https://youtu.be/0hpOQfASJWE you can watch the official trailer here.
As RIFI United adopts a progress-based value system, early NFT holders can reap massive benefits when they can train their NFT to boost their rank and increase their price on the marketplace. Early NFTs holders will be able to make a significant profit from marketplace trading & NFT farming and get a chance to be whitelisted for RIFI IDO. we’re opening a FINAL NFT Mystery Box tomorrow. we’re opening a FINAL NFT Mystery Box tomorrow. it will be a great chance for you to win NFT players and earn massive benefits.
RIFI United NFT Mystery Box Final Sale to be Open
After the success of our 1st sale batch, @RikkeiFinance are pleased to conduct a FINAL NFT Mystery Box sale so that all beloved users can have another chance to possess their favourite NFTs, esp Legendary Players with ease.
⏰Time: 4 AM UTC November 21
💰Price: starting from 3250 RU to 9750 RU
Early NFTs holders will be able to make a significant profit from marketplace trading & NFT farming and get a chance to be whitelisted for RIFI IDO.
1. All revenue will be BURNED.
2. 3 Legendary Players will appear in random boxes. Whether you buy Bronze, Silver or Gold, you are likely to win legendary players.
3. Each account cannot purchase more than 2 Gold boxes.
🗣 Spread the words (https://twitter.com/RikkeiFinance/status/1461260486272380928?s=20)
Most importantly, only this sale, 3 Legendary Players will appear in random boxes. Whether you buy Bronze, Silver or Gold, you are likely to win legendary players.
I wonder if the #rifiunited platform is specifically for gamers? What about non-gamer users? Can they still generate income even without playing your game? If so, what are the other possible ways?
Ngan | Rikkei Finance
Right now as the game is not released yet, we do offer several ways for you to earn. First, we are now launching the $RU-BUSD Liquidity Farming Vault on https://apps.rifiunited.io/vault. With this, you can stake RU-BUSD LP Token and earn $RU rewards. The vault enables liquidity providers to earn a sweet APY of up to 5000% regardless of the number of participants, which means that no matter how many people stake into the vault, liquidity providers are guaranteed to receive the preset increasing APY. You can read here for more: https://medium.com/rikkeifinance/ru-busd-liquidity-farming-vault-to-be-launch-b56d31e09899
We will also launch the NFT Farming Vault, which is another method of investing for all of you. We will have it revealed very soon.
RIFI United’s Final NFT Mystery Box Sales & NFT Farming Vault soon to be Released
‼️ Marketplace Temporarily Closed for Maintenance
You will have 3 hours from now (12PM UTC Nov 17) to delist your NFTs from our Marketplace. Your NFTs will then be automatically delisted and distributed to your wallet.
‼️ The FINAL NFT Mystery Box Sale
The final sale event will begin this Sunday, November 21. All revenue will be BURNED.
After this LAST NFT Mystery Box sale event, the only way to obtain RIFI United NFTs will be through the marketplace.
Save the date!
‼️ Upcoming NFT Farming Vault
NFT holders will not only profit from trading on our Marketplace but will also profit significantly from our upcoming NFT farming vaults on November 23. More details about the attractive APY and how you can benefit from the soon-to-be-released NFT vaults will be disclosed soon.
👉 Click here for the fullest information
(https://medium.com/rikkeifinance/rifi-uniteds-final-nft-mystery-box-sales-nft-farming-vault-soon-to-be-released-3a97a7a08261)🗣 Spread the words: https://twitter.com/RikkeiFinance/status/1460943275527864321?s=20
Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Ngan | Rikkei Finance
We do have a token burning system. The first NFT Mystery Box sale concluded a few days ago with 3,273,303 RU being burned.
You can find more details here: https://medium.com/rikkeifinance/3-273-303-ru-from-nft-mystery-box-sale-burned-c7be48811242
for the FINAL NFT Mystery Box Sale, we will burn the revenue as well. tokenomics you could find here: https://rifiunited.io. it will take place for 24h with 12 sale round, so you can join no matter what timezone you’re based in.
As I know this project is relatively new, you’re just getting started. Can you tell us about the progress you have made so far? What has been the most important update of the moment and what are you currently focused on?
Ngan | Rikkei Finance
Our 1st NFT Mystery Box Sales has successfully concluded with 12 sale sessions. A total of 720 boxes, including 3,600 NFT players were SOLD OUT. Each sale round was CLOSED in less than 1 min. A total of 3,273,303 RU from selling boxes were burned, reducing Circulating Supply to 63,726,697 RU. RIFI United Marketplace, a fully-functional decentralized marketplace for NFT players trading, goes live on https://apps.rifiunited.io/marketplace. LP Farming Vault is being launched at https://apps.rifiunited.io/vault
With this, you can stake RU-BUSD LP Token and earn $RU rewards. The vault enables liquidity providers to earn a sweet PRESET APY of up to 5000% regardless of the number of participants, which means that no matter how many people stake into the vault, liquidity providers are guaranteed to receive the PRESET increasing APY. So earnings are guaranteed.
Deposit Time: 8AM UTC Nov 16–8AM UTC Nov 21
You can only deposit into the vault during this time. You will be unable to participate once the deposit period has expired. So take advantage of this once-in-a-lifetime opportunity to earn a sweet APY of up to 5000%.
Next milestones will be the FINAL Mystery Box Sale on November 21 and NFT Farming Vault on November 23.
1 — When will the RIFI United FINAL NFT Mystery Box Sale take place? ]
- 5 AM UTC Nov 21
- 4 AM UTC Nov 21 ✅
- 3 AM UTC Nov 21
- 2 AM UTC Nov 21
2 — Where will RIFI United FINAL NFT Mystery Box Sale? https://apps.rifiunited.io/marketplace ]
- Yes ✅
3 — What are the 3 types of Mystery Box? ]
- Bronze Box
- Silver Box
- Gold Box
- All of the above ✅
4 — How many sale sessions will there be in the RIFI United FINAL NFT Mystery Box Sale? ]
- 10 sessions
- 12 sessions ✅
- 14 sessions
- 16 sessions
5 — What benefits will RIFI United NFT holders have? ]
- Make profit from marketplace trading at https://apps.rifiunited.io/marketplace
- Stake and earn great APY in upcoming RIFI United NFT Farming this Nov 23
- Get a whitelist spot for $RIFI IDO
- All are correct ✅
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Ngan from RiFi United. AMA Concluded at 7 pm IST.