DePocket AMA Recap

27 Dec 202103:45

AMA

DePocket AMA Recap

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Hoang Le, CEO & Co-founder Industry

Huong Phung, CBO & Co-founder

Huong Phung

Hi everyone, I am so glad to be here tonight.
I'm Huong, DePocket's CBO and would love to create a great AMA tonight

Myko (CryptoDiffer)

Welcome Huong and Hoang, thank you for taking your time today!

Le Van Hoang

Hello everyone, I hope you’re doing great! I’m Hoang Le - CEO at DePocket. We’re looking forward to your interesting questions tonight!

Myko (CryptoDiffer)

Great to see you!
let's start with some introduction
Q1: Can you briefly tell us about yourself and your team?

Huong Phung

Thank you for this first question 😀
That gave me an opportunity to introduce about my team.
Our founding team has 4 members:
Hoang Le (CEO): INDUSTRY LEADING PROFESSIONAL IN THE ICT industry, specializing in IT with 7+ years in R&D related to Blockchain.
Nabi Klover (CMO): 8+ years in Digital Marketing & Cryptocurrency; Former Havas Global Agent, My Defi Pet.
Tuan Hoang (CTO): 5+ years experience in blockchain and software engineering.
Huong Phung (CBO): Business development at KAOPIZ Corp. 7+ R&D experience in Blockchain;
DONE

Myko (CryptoDiffer)

thanks
Q2: Can you please summarize all of your product features for us?

Huong Phung

Of course
I will explain each major feature, hopefully it might be easier for you to undestand
Dashboard:
Manage portfolio; Real time PNL, Cash Flow Chart, Balance Tracking, Manage NFTs assets, Price fluctuation alert.
Multi-wallet management:
Tracking any wallet without password, Synced across devices; Add and manage multi-wallet, watch/unwatch specific wallet.
Swap integration:
Make transactions on multiple DEX platforms, with the lowest gas fee.
Investment on multi-platforms
Make decisions with APY/APR ranking.
Easily invest with staking on the Depocket App.
Saving operations on multiple platforms:
Auto Farming, auto staking, Stake depo and earn depo reward
And so much more to come:
On-chain API for developers, Onchain Analytics....
DONE

Myko (CryptoDiffer)

supern
Q3: What would you categorize as the best features that you would highlight to our community?

Huong Phung

okay, as a crypto holder, there are 2 features I really like
- The first one is Tracking assets of multiple wallets: it helps you manage your total assets across all platforms, multi-chains or multi-wallets, quite friendly and easy.
- And the second is Tracking GameFi assets as well as Staking & Trading your heroes and in-game items
Hey Hoang, how about you?

Le Van Hoang

Ya, the GameFi is all the craze these days.
So we are ready to integrate and ready to serve.
When the next big thing comes along, DePocket will ALSO be there.
DePocket’s vision is to become the world’s greatest asset management hub.
With GameFi lining up to flood the DeFi market with countless in-game NFT assets. We plan to continuously collaborate with new and existing gaming projects to integrate their marketplaces with ours.
I am investing a lot in Crypto, ^^, so with me, I like 2 other features:
- Chart shows investing performance: I only need a quick glance, and I can see cash flow (in multplei wallet) is displayed in the form of a chart. Save the time so much
- And another one is the chart showing investing performance, it will show cash flow is displayed in the form of a chart.

As I said, if you are an investor, you will like those two, quite convenient.
DONE

Myko (CryptoDiffer)

great
Q4: The IDO days is really close, so Can you let us know about IDO information?

Huong Phung

sure, that is really important info for anyone who want to participate in DePocket IDO
IDO date: Monday-Tuesday, 29th-30th November 2021 (on Oxbull and DuckDAO)
Price of $DEPO token: $0.25 per token

Listing on Pancakeswap: 30th November (2-3 hours after IDO);
Price: $0.3 per token.

Le Van Hoang

Let's me add more here
1,680,000 $DEPO tokens will be available through the IDO
DONE

Myko (CryptoDiffer)

okie, i see
Q5: Can you share with communities how to join the IDO?

Le Van Hoang

sure
as we said above, We will IDO on OxBull and DuckDao
You can read the detail about the IDO below:
DePocket on OxBull:
Date: 29th Nov at 4:30 PM UTC

Tier: We will have 4 tiers:
-> Tier 1, 2, 3: only for OXB holders (it means that you have to buy and hold OXB). Kindly refer to this Medium of OxBull for detail:https://oxbull.medium.com/oxb-all-your-decentralized-assets-in-depocket-8acd0de91304
-> Tier 4: for Depocket Communities, no need to hold OxBull token, but you have to win the ticket from the Whitelist competition
Token Purchase for Tier 4: First come first serve. Each user who wins the tickets will have the chance to a chance to purchase $85 BUSD in $DEPO (~50% chance)

Distribution time: 2 hours after Listed on Pancakes Wap (tentative at 7 PM UTC - 30th Nov).
DePocket on DuckDao:
Date: 2 PM UTC - 30th Nov
- Tier: We have 6 Tiers

-> Tier 0: for Depocket Communities, no need to hold DuckDAO token, but you have to win the ticket from the Whitelist competition
We will announce the whitelist winner, the winners have to do the KYC on Blockpass (we will provide the link later). Then the winners will be added manually and directly to the platform to purchase a $DEPO token.
Token Purchase for Tier 0: First come first serve. Each user who wins the tickets will have the chance to purchase $50 USDC in $DEPO (~50% chance).

-> Tier 1, 2, 3, 4, 5: For $DLP - DuckDAO Holder. Kindly refer to this Video on DuckDAO and update from their Medium, to know how to join these tier:
+ Video: https://www.youtube.com/watch?v=sld-yWo9eSk
+ Duck Medium: https://medium.com/duckdao

Distribution time: 2 hours after Listed on Pancakes Wap (tentative at 7 PM UTC - 30th Nov).
DONE

Myko (CryptoDiffer)

thanks, let's continue with ido info
Q6: Can you share information about the whitelist?

Huong Phung

Okay
We have two special whitelist competitions,
here are the links 👇👇
👉 Depocket x Oxbull: end on 27 Nov
https://link.depocket.com/DePocketIDO
👉 Depocket x DuckDao: end on 25 Nov
https://link.depocket.com/DEPOxDUCK
DONE

Myko (CryptoDiffer)

Okie! Final one
Q7: Regarding the winner list, do they guaranteed to buy the token?

Huong Phung

Actually, most of them can buy the token. However, first come first served, you have to be quick. 😎 Hurry up!

Le Van Hoang

one more thing
Initial market cap only $84k; super low cap.
-> take your advantage 💰
DONE

Myko (CryptoDiffer)

Thanks for the answers
now let's to community part

Le Van Hoang

let's start out

Huong Phung

wowww, a lot of questions
okay, lemme see

Cryptodiffer Community

Is there a minimum investment limit and a minimum withdrawal when investing in DePocketFinance?

Le Van Hoang

We didn't hold your fun. We are developing the feature as the router to help you invest in many DeFi protocols in one DePocket platform. So the limit is based on the Protocol that you will route on.

Cryptodiffer Community

Hi! @hoang8f @huongpc

Can you please tell us about how Secure is DePocket? Since there are a lot of hack attacks, it is very necessary to be audited. Do you have an audit already?

Huong Phung

Yes, your security is our first priority. DePocket has been proactively checked and verified for vulnerabilities by our talented engineers and prestigous agency (Certik). You can check Certik verification result here
https://www.certik.com/projects/depocket

Cryptodiffer Community

Hi! 💹

DePocket is currently active on Binance Smart Chain. Do you have any intention of being active as well on any other chains? If yes, which chains will be the first ones?

@hoang8f @huongpc

Le Van Hoang

Yes, we will release cross chain feature on Solana soon. (in December 2021)
We also have strong relationship with NEAR so NEAR chain will support soon. (expect Q1/2022)

Cryptodiffer Community

I read that DePocket helps users to track the token farming/staking APY in a rank. So what about the ranking of NFT APY? Do you plan partnering with some GameFi projects to help their users to manage and track their NFT/Hero, and the rest? I believe this is a good idea and will help you gain more users!

Huong Phung

Great point! Yes we are working with several GameFi projects to develop features allowing users to track and manage their NFT, Heroes, and in-game items. That should be available by Q1/2022

Cryptodiffer Community

Depocket have considered create an application for Mobile devices?

Le Van Hoang

absolutely, Mobile app (Android/iOS) will release on Q1/2022.

Huong Phung

Haha, its not DePocketFinance anyway. And if you are referring to public sale of DEPO token, we are not setting any buying/ selling/withdrawal limit at all

Cryptodiffer Community

Do you plan to burn or redeem any tokens from the market in the future? Or burn DePocket 's token itself?

Huong Phung

We do have plan to burn $DEPO tokens in the future.
20% of any fee received from users for using premium features, once available, should be burnt out to support the price of the token.

Cryptodiffer Community

🪴🪴🪴Will you have a buy-back program?
Will you use the fees to execute market buybacks? Will fees paid with DEPO be burned completely?

Huong Phung

Sure, we do have. As I mentioned above, 20% of fee charged from users for using premium features, once available, will be used to buy back DEPO token and burn out

Cryptodiffer Community

1) Wow!!! Keeping track is hard and this is the solution I've been searching for since I joined Crypto some months back. I'm really excited.😃🙏😄

My first question goes to Huang Lee. I understand this platform is free. So, what is my advantage of buying/holding $DEPO over the people that are using free service?

2) my second question goes to Huong Phung or Lee. Many questions that people have on their minds including myself is to know if your platform is secured against attacks and have been audited. Please can any one of you give us the reassurance of being a secured and audited platform?

Thank you.

Le Van Hoang

let me answer first question.
two of use case of $DEPO as below, this many increase token value day by day when ecosystem growth^^
Feature unlock: DePocket shall provide most of the free-of-charge functions to all users. However, some premium functions are only offered to DEPO holders. This drives the purchase and maintenance of the long-term token DEPO.

Payment: Developers need to pay in DEPO token for each API call when using DePocket’s on-chain API. Premium DeFi utilities, such as Yield Aggregators, also charge DEPO tokens as a usage fee.

Cryptodiffer Community

I understand that DePocket with its various tools allow your life to be easier, but how will you really make it more "profitable"? Will it offer great rewards and at the same time advice and reliable trading strategies?

Le Van Hoang

Yes, our solutions not only a "tools" to make life easier but also a optimal solution, an indispensable and convenient platform to invest in cryptocurrency. DePocket will suggest best APY/APR pool and also analytics function will helps investor to decide where to invest.

Cryptodiffer Community

Since DePocket aims to bring a place where users can manage DeFi on multi-chain and multi-wallet based on their wallet address, are there any considerations to provide a feature that will help users swap tokens with lowest fees in the future?

What is your view on high gas fees? Imagine yourself getting to swap a $10 token with $80 gas fees.

Huong Phung

Yes, users will be able to not only track their assets, but also mange and invest on their way, with cheapest fees.
Check out many cool features that are already available or coming soons.

Dashboard:
Manage portfolio; Real time PNL, Cash Flow Chart, Balance Tracking, Manage NFTs assets, Price fluctuation alert.

Multi-wallet management:
Tracking any wallet without password, Synced across devices; Add and manage multi-wallet, watch/unwatch specific wallet.

Swap integration:
Make transactions on the multi-DEX platforms, with the lowest gas fees.

Investment operation on multi-platform
Make decisions with APY/APR ranking.
Easily invest with staking on the Depocket App.

Saving on multiple platforms:
Auto Farming, auto staking, Stake depo and earn depo reward

More to come: Onchain API for developers, Onchain Analytics:

Cryptodiffer Community

Is DePocket a global project? Is there a plan to reach the Korean, European and African communities? will you run multiple language lines for people who are not native english?

Huong Phung

At this point, DePocket is only available in English but we will add more other languages to the UI in the close future. Hopefully your language is included too

Cryptodiffer Community

Could you please explain us the token release plans after your IDO is completed?
@hoang8f
@huongpc

Huong Phung

You can take a look at the token release plan here
https://docs.depocket.com/tokenomic/token-distribution

Cryptodiffer Community

How do #depocket intend to empower and manage your assets across ALL platforms in ONE place? What procedures have been put in place? And what are the challenges encountered so far?

Huong Phung

I believe you will find the answer for your question in our Lite paper, which is available at
https://depocket.com/docs/litepaper_v1.0.pdf

Cryptodiffer Community

1. DePocket slogan says "The World of DeFi in your Pocket". Can you explain why you have decided to use this slogan? How possible will it be for me to have the World of DeFi in my Pocket according to your slogan?

2. Can you talk a little about the team? How experienced are the team with respect to the setting up of DePocket platform? Does the team have what it takes to drive the project to the promise land?

Huong Phung

Thank you for your question.
In the DeFi world, there are too many platforms, wallets, and tokens. These variations are growing constantly and beyond comprehension. I myself have to memorize too much information. Not only that, I have to get used to many new types of user interfaces across new platforms. This is a growing problem.

As a person with so much experience in the blockchain industry, I find this cumbersome and exhausting. Now imagine what ordinary users have to deal with? It can be absolutely overwhelming. It will be very difficult for us to spread DeFi to the whole world in the current situation.

In my opinion, DePocket's mission is to solve those infrastructure and asset management problems for users, so that the platform has the potential to grow into an indispensable platform in the future.
DONE

Cryptodiffer Community

⭐️ Depocket is able to support several AMMs and DEXes in just one place, but apart of these platform you must support several chains as well, so can you tell us how many chains or tokens networks are you able to support?

Le Van Hoang

we are support BSC now, in future Ethereum, Solana, Avax, Near will be supported too.

Huong Phung

Thank you all for many interesting questions

Myko (CryptoDiffer)

Thanks for your efforts!

Le Van Hoang

Thank you very much !