07 Sep 202012:08
AMA
SOLV AMA Recap

SOLV AMA Recap

Myko (CryptoDiffer)Myko (CryptoDiffer)

Hello, everyone!๐Ÿ˜

We are glad to meet here:

Jacobo Toll-Messia, CEO @Jacobotoll

Jacobo Toll-MessiaJacobo Toll-Messia

Hello everyone :)

Myko (CryptoDiffer)Myko (CryptoDiffer)

Welcome Jacobo and Mark, thank you for your time)

Jacobo Toll-MessiaJacobo Toll-Messia

Thank you for having us!

Myko (CryptoDiffer)Myko (CryptoDiffer)

Our team prepared some questions to begin
should we start?

Jacobo Toll-MessiaJacobo Toll-Messia

Please do

Myko (CryptoDiffer)Myko (CryptoDiffer)

okie, letโ€™s start with the introduction
Q1: Can you introduce yourself to our community?

Jacobo Toll-MessiaJacobo Toll-Messia

Absolutely :)

My name is Jacobo, have 25 years of experience in the software industry having worked in areas such as Investment Banking, Telco, Oil & Gas and Media. Our previous product was serving 50m users a day with news content from 200 countries in 50+ languages for companies such as mozilla, Panasonic and Xiaomi.

We shifted towards blockchain 2017 and built a L2 protocol which has been in mainnet for 32 months now. We will be deploying a new version of our L2 (Nahmii) to Ropsten in just a few days :)

We have also started building a DeFi platform called NiiFi with the help of companies such as DARMA Capital. NiiFi will consist of an AMM and Lending protocol.

Myko (CryptoDiffer)Myko (CryptoDiffer)

woah! thank you for an answer
letโ€™s move on to tge project

Jacobo Toll-MessiaJacobo Toll-Messia

And, btw, I am the CEO of the company

Myko (CryptoDiffer)Myko (CryptoDiffer)

Q2: Can you introduce Niihi to us?
noted!

Jacobo Toll-MessiaJacobo Toll-Messia

NiiFi is, in it simplest form, an AMM (think Uniswap) and Lending (think Aave) protocol.

What makes it powerful is that is built on top of Nahmii 2.0.

Nahmii will offer fast, cheap and instant transactions; something that Ethereum cannot offer today.

In a more holistic way, NiiFi will also act as a portal to many other DeFi products built on top of Nahmii.

What sets NiiFi apart from the rest of the products is the fact that is scalable, fast, cheap and is built from the ground up to onboard millions of users that are not into DeFi today and would like to

Myko (CryptoDiffer)Myko (CryptoDiffer)

superb! thank you for an answer

Jacobo Toll-MessiaJacobo Toll-Messia

Thanks

Myko (CryptoDiffer)Myko (CryptoDiffer)

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Jacobo Toll-MessiaJacobo Toll-Messia

Late last year we did some prototyping already. We worked closely with some players from other industries (not DeFi nor crypto) that wanted to onboard users into DeFi.

We have already built some building blocks (such as on/off ramp) that will be integrated into our UX.

The last two months we have carefully studied and designed different user experience elements that will help us to create the best user journey.

The last four weeks we have started building the UX of NiiFi (only some initial parts) and we will be deploying those to Ropsten, well, in just a few hours

Myko (CryptoDiffer)Myko (CryptoDiffer)

superb! thnk you for your great answers!

Jacobo Toll-MessiaJacobo Toll-Messia

Thanks :)

Cryptodiffer CommunityCryptodiffer Community

Have you already been in discussion with some of the big banks or industrial players. And if yes, what is their opinion in general regarding NiiFi?

Jacobo Toll-MessiaJacobo Toll-Messia

We are in discussions with many players, some institutional. The feedback is positive given that Nahmii 2.0 gives the ability to those guys to apply the rules they must to be fully compliant

Cryptodiffer CommunityCryptodiffer Community

When would we see the first commercial partners being integrated with NiiFi ? Is it true they will have several hundreds of thousands of users straight using it right away?

Jacobo Toll-MessiaJacobo Toll-Messia

Not straight away, no. But we expect those to jump in in Q4
I invite you to read Nahmii 2.0 White Paper; will be released next week

Cryptodiffer CommunityCryptodiffer Community

Can you tell me why you choose NAHMII to buld on? Why not other like matic? What advantage NAHMII can provide that other can't?

@Jacobotoll

Jacobo Toll-MessiaJacobo Toll-Messia

Simple:

- We built Nahmii

- Matic is not safe

Cryptodiffer CommunityCryptodiffer Community

I understand that NiiFi is a simple, fast, cheap DeFi that can be adopted by ANY industry and not only for crypto users. Can you tell us what other kind of industries that have adopted Nifii so far? And why the inclusion of non crypto users on the platform?

Jacobo Toll-MessiaJacobo Toll-Messia

None so far as NiiFi is not yet built and live on mainnet. But will be adopted by other industries. We feel very confident about that.

We succeeded in the past with our content business serving 50m users a day. We will succeed with NiiFi.

Cryptodiffer CommunityCryptodiffer Community

You say that one of the characteristics of DeFi Meets Utility is that in addition to solving business problems, they also improve the entire ecosystem through innovation, but what kind of innovation will it really do? and this will be done automatically? or do they have an update and innovation program?

Jacobo Toll-MessiaJacobo Toll-Messia

Innovation goes by simplification; try to get the average person from the street to "go to uniswap and buy $10 of any given coin".

That person will need, at least, 2 hours to create an account in an exchange, buy ETH in any given exchange, download and install Metamask and figure out Uniswap's UX.

The average time might be 2 days more than 2 hours.

Again, I am referring to any person who has never touched any crypto whatsoever.

If you can do all that in 5 minutes, that is your innovation.

Add to that all the advantages that Nahmii offers...

Cryptodiffer CommunityCryptodiffer Community

Is it difficult to use NIIFI in an existing infrastructure, do you have to follow certain rules to be able to use it?

Jacobo Toll-MessiaJacobo Toll-Messia

For crypto users will be simple (self-custody).
For non crypto users will be simpler (aided custody)

Cryptodiffer CommunityCryptodiffer Community

In every DeFi project that runs a decentralised model of governance, there's need for members of the DAO or holders to be interested in the success of the Protocol. But, this is not the case as many holders are only concerned about making huge profits for themselves at the expense of even the protocol. On NiiFi, what plans do you have to checkmate/prevent bad governance actions by some selfish token holders?
Are there limitations to the kinds of decisions that NIIFI token holders can make with regards to governance?

Jacobo Toll-MessiaJacobo Toll-Messia

Excellent point: as we get closer to deploy to mainnet we will publish more details on this topic. Please follow us closely and will keep you informed. Now, our sole focus is building.

Cryptodiffer CommunityCryptodiffer Community

I could read that NiiFi natively merges DeFi & in a plethora of global industries such as gaming, fintech and loyalty, with Plug & Play, but really how this utility could affect and bring solutions to real businesses in DeFi?

Jacobo Toll-MessiaJacobo Toll-Messia

Good question.

Let me give you an example: what if anyone with no crypto experience with $10 in their bank account could easily - with three taps - deploy that capital into a pool and earn a yield from it?

Cryptodiffer CommunityCryptodiffer Community

๐Ÿ—ปNiifi have feature such as Plug and play, did any DeFi projects can intergrated and use Niifi feature freely?

๐Ÿ—ปDid the only strategies Niifi use to solve and bring better Ethereum blockchain scaling mechanism is using nahmii 2.0 only?

Jacobo Toll-MessiaJacobo Toll-Messia

Not every project will be able to plug into NiiFi via Nahmii: we take security very seriously and therefore, at least for a year, we will be vetting what DeFi projects are deployed on Nahmii and accessed via NiiFi.

We want to make sure our users are as safe as possible

Unfortunately there are plenty of other platforms where rug pulls can take place. We will do everything we can to avoid that from happening on our platform

Cryptodiffer CommunityCryptodiffer Community

How flexible actually are the functionalities and design of Niifi against the rapidly changing market?

Jacobo Toll-MessiaJacobo Toll-Messia

Excellent question!

We have plenty of engineering and product experience....but it is impossible to keep up with the market...as if you have to keep up with the market it means you are going behind it :)

So, the best is to innovate; that way you set the trend ;)

Cryptodiffer CommunityCryptodiffer Community

One of the most ignored aspects of crypto projects is having a solid and decent UX/UI that can onboard any users from outside the industry. Do you also agree with this? If yes, what are the plans in place to deploy an UX so as to improve the interaction with new users and/or any users outside the crypto space?

Jacobo Toll-MessiaJacobo Toll-Messia

100%!!

Initial parts of that UX will be deployed today (most likely) to Ropsten (NOT Nahmii enabled) to start capturing feedback.

Cryptodiffer CommunityCryptodiffer Community

At the moment , where you are focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you share it?

Jacobo Toll-MessiaJacobo Toll-Messia

The dev team is focused on the tech. The UX team is focused on the UX. The management team is focused on biz dev.

Cryptodiffer CommunityCryptodiffer Community

Do you feel satisfied with success you have made till now, when you look back to day when you have started this project?

Jacobo Toll-MessiaJacobo Toll-Messia

Yes. We do.
We set goals and we march towards them. We usually meet the objectives. We like to deliver

Cryptodiffer CommunityCryptodiffer Community

Can you list some of the features with which you are most confident about your platform? How can you advertise NiiFi worldwide and make it popular?

Jacobo Toll-MessiaJacobo Toll-Messia

We have some marketing partnerships in place to get there :)

Cryptodiffer CommunityCryptodiffer Community

1/ How long did it take Andrew keys to do his due diligence on Nii/NiiFi and why did he chose to invest in NiiFi specifically and not Nahmii directly?

2/ Since NiiFi testnet is not yet deployed (to be done shortly), how did your potential clients (big banks, big commercial institutions, gaming industry โ€ฆ) test the power of NiiFi? What were their main concerns and their impressions about NiiFi?

Jacobo Toll-MessiaJacobo Toll-Messia

1.-
a) how long? Many months.... and rightfully so :)
b) Because we are the real deal; no bullshit, we build, we know why we built it that way and we deliver

2.- It was deployed for a few days; you just did not notice ๐Ÿ˜‚. We will be deploying, AGAIN, parts of the UX ONLY in a few hours. And yes, we have gotten a lot of positive feedback from the UX point of view
Thank you everyone for all the questions; it was a real pleasure being bombarded with them ๐Ÿ˜‚

Please feel free to join our Telegrams (NiiFi and nahmii) and follow up with more questions you might have.

And please, play around with the UX we will be deploying today โ€”โ€” Again, note it is not complete and we will be deploying more features on a daily basis while we prepare for mainnet โ€”โ€” and give us any feedback you might have (good/bad/better/worse).

Thanks again! ๐Ÿ™

Myko (CryptoDiffer)Myko (CryptoDiffer)

Thank you for an ama! we were pleased to hos it)

Jacobo Toll-MessiaJacobo Toll-Messia

Thank you guys :)