GERFIN GROUP AMA Recap

GERFIN GROUP AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

CEO & Founder of Gerfin (@f2019token)

CEO & Founder at Gerfin

Hello all

My pleasure!

CryptoDiffer team

Let`s start with introduction questions

Q1: Can you introduce yourself to the community? What is your background and how did you join Gerfin?

CEO & Founder at Gerfin

Hello Everyone,  My name is Flosad Vrapi,  Founder and CEO to Gerfin. 

I’ll start by sharing a personal experience,  As an avid supporter of Bitcoin,  there were so many times when I never wanted to spend my money but maybe look for a place to borrow from with an easy process,  but every time i tried,  it usually proved very unsuccessful.  I mean a platform came and tried but it still not as easy as I would want it to be.  

On a day, I was having a conversation with some friends and I was like,  wouldn’t it be nice if people can easily borrow crypto loans? Well their response was,  Flo,  this will be super hard to do.  I mean as someone who generally loves to make hard things look easy,  I decided to found Gerfin.  

Well,  when we founded Gerfin ,  We knew from onset that to implement the loan system will be hard so we decided to take on a different route.  Start with a normal buy and sell bitcoin platform like Localbitcoins.com,  Gain some attraction and introduce the loan offer.  

And since we started Gerfin in 2019 till now,  I must say it has been a good ride.  We’ve been able to do over $350,000 in volume of buy and sell transactions every month. But the goal of having a simple loan system was not yet achieved.  In May 2020, we decided it was time to make this a reality.  That’s why we are here to talk about the Loan offer and everything about Gerfin Coin.

Also to add,  I’m here with our Head of Marketing, Victor.  He will be here to answer some questions also.

CryptoDiffer team

Q2: Can you briefly describe what is Gerfin in 3-5 sentences?  What technology stands behind Gerfin and why it’s better than the existing one?

CEO & Founder at Gerfin

Yeah. we have said it and this is where our business is based to.

we are an exchange and our advantage is the user friendly interface and low in KYC

we act mostly like LocalBitcoin as i mentioned before

Gerfin is the easiest place to buy,  sell and borrow cryptocurrency.  

Gerfin will be backed by our official Gerfin Coin. The GFC will serve as collateral for the loan feature.

today we want to present our feature for Loan.

We are launching our IEO for Loan feature service.

CryptoDiffer team

Q3: What are the major milestones you have achieved so far? Maybe some you didn’t mention in your first answer

CEO & Founder at Gerfin

We came in industry as bitcoin and etherium seller and buyer.

First milestone was to start the business and to develop it

The first milestone i guess is achieved from us. We wanted to reach like 5000 accounts in Gerfin and a turnover more than 250,000euro per month and i can say that today we have over 7500 accounts in Gerfin and over 400,000euro in sales per month.

We are also doing over $10,000 monthly in Gross Profit and currently we can say we are a profitable Company

CryptoDiffer team

Ok, thanks for such detailed and interesting answers!

Let’s move to the Telegram community questions part.

Cryptodiffer Community

When can we expect to see an App / mobile website for the exchange?

CEO & Founder at Gerfin

Hello,  Thank you.  We already have a working website. You can buy on Gerfin.eu.  We are currently working on the Loan platform.

Cryptodiffer Community

As a rational investor, my main concern is the safety of my funds. What’s in your security layers to enable it provide premium protection against phishing and DDoS attacks? Can we trust the expertise of the creators of GERFIN?

CEO & Founder at Gerfin

Our IT team is working daily by adding additional features in security for entire system and for authentication too, for the moment we are completed the bases and everything is working smooth. we are happy and till now users to us has just very few problems that happen all the time in this business, based in our turnover we believe that our system works good and users likes it.

Cryptodiffer Community

If we see current market situation, then there are already many trading EXchanges are available THEN why Users should trade on GERFIN ? What are the advanced feature GERFIN provide to the users?

CEO & Founder at Gerfin

We are not a regular trading platform.  We are simply a place to Buy and Sell crypto to Fiat

Cryptodiffer Community

1.  You said that GERFIN’s  advantage is the user friendly interface and low in KYC, could you please explain what is meant by low KYC? Don’t I need to submit KYC for trading or withdrawing? @f2019token

2.  You have mentioned that your  online cryptocurrency wallet is the most secure, convenient, digital currency wallet available. What are the technologies that used to ensure about the exchange security and to avoid hacking the exchange? Because recently many exchanges were hacked  @f2019token

CEO & Founder at Gerfin

Low in KYC i mean that buying till 10k euro or usd we ask mostly for basic KYC, and over it we ask additional info related to AML and Terrorist finance. 

2- We are not saying that we are hacker proof haha, but all funds of crypto are in cold wallets and the DB is encrypted.

Cryptodiffer Community

what are the ways that Gerfin generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?

CEO & Founder at Gerfin

Our revenue Model is a commission based model. Currently we are a profitable Company.  Doing Gross profit of over $10,000 monthly. 

For Investors,  Our GFC coin will serve as a collateral to daily loans.  That means, the demand for the GFC coin will be high.  In regular economics,  The higher the demand with a low supply the higher the price.  

GFC has a total supply of 50,000,000

Cryptodiffer Community

What is the business model of #Gerfin ? How Gerfin project generates revenue for project development?

CEO & Founder at Gerfin

Our business is based in Commissions.

So we make commission when we sell or buy crypto:

we make commission when we lend to a borrower, Simple to understand for investors as well,

Cryptodiffer Community

Are you planning French, German, Greek, Italian and Spanish versions of your website?

CEO & Founder at Gerfin

Yes, for sure, We see a big demand for other languages special for Spanish and German. We will extend our languages in website once we finish the IEO

Cryptodiffer Community

What your plans in place for global expansion, are Gerfin focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

CEO & Founder at Gerfin

We are a Global company. The crypto market is Global.

However,  We are starting our IEO in the Korean Market.  

Our Round 1 of IEO will hold on Chainx!

Cryptodiffer Community

During the project period, did you have any difficulties in your capital? How did you solve it?

CEO & Founder at Gerfin

Company is funded by our CEO.  And its not being hard because we are making profit.  So on a profit of over $10k monthly with minimal expenses,  Its less harder to run the company

Cryptodiffer Community

1 What benefits do investors like me stand to gain holding GFC for long term and what are the major utilities of GFC token ?

2 To create mass adoption for Gerfin, which countries are you focusing on and why ? and how can Gerfin play a part in making its services available for regular people, especially the unbanked and underbanked?

CEO & Founder at Gerfin

1- GFC is a token that is not stable, We can tell to long term investors that completing one by one all our milestones and follow our Roadmap will affect to grow Gerfin coin price.

2- We are starting in South Korea for the first round of IEO. based on our partners that we have there, big players in all ASIA we see this as a true success. 

service is open for everyone which can offer crypto to secure the Loan

Cryptodiffer Community

How simple & easy is to take loan From Gerfin platform?

How much tokens they need to deposite & what will be the impact if price of token will increase or decrease?

CEO & Founder at Gerfin

We are working and we have a clear path to create a infrastructure to provide loan for 10-15 minutes. 

We will issue you a loan of 70% of the coins that is frozen in system.

Cryptodiffer Community

Q1. Users choice differs when it comes to the user interface. What effort is Gerfin putting in place to ensure it provides a distraction free interface to suit the needs of all of it clients?

Q2. I’m aware that Gerfin has a loan feature, could you tell us how this works and what benefits does it offer users who wants to act as lenders?

CEO & Founder at Gerfin

We are working on simple pages in Website. 

When we are at home we check it with our parents sometimes. Like how can they act when they see our interface. And we have a good feedback and we see that people with minimal knowledges are able to put order in System. 

2- our commissions is 0.25-0.3% per day. So u need like 1000$ for 10days, u take it. Use it and pay back just 30$ commission. Very fast easy and cheap.

Cryptodiffer Community

Many exchanges are commonly facing such problems like

* system overload 

* lack of liquidity 

* Hacker attack

,So How does gerfin solves such problems ??

CEO & Founder at Gerfin

System overload was one of our main problems when we started an aggressive marketing, But we upgraded the system and now all is working smooth, We hope it will happen again (just joke) so we see that we have a good demand on market.

-lack of liquidity we never had because users trade with the company directly when they want to buy or sell, we have many many providers so thats not a problem.

-Hackers attack till now we did not have any problem

Cryptodiffer Community

Some Market using Fakes Volume to attract user.

This is bad cause user will trade on not accurate market volume,will also may lead to price manipulation.

How do #GERFIN make sure user using real market volume and no price manipulation?

CEO & Founder at Gerfin

We are not reporting it in real time to users.

Users see the price they put the order and than the company sell them directly. so there is no manipulation

Cryptodiffer Community

1) I don’t like trading, what other ways can Gerfin and GFC token be of benefits and usefulness to me?

2) Why are you doing your IEO on ChainX, why not use your own exchange, are you not confident of yourself? Also, do you plan to list GFC on other exchanges?

CEO & Founder at Gerfin

Gerfin coin trend will be growing but sure is a free market. 

In long term the price will be the mirror of company achievements so our business model says that we will grow fast. 

ChainX is the biggest platform for IEO and the only best way to target a bigger amounts of people.

Sure we are confident. But as beginning we started with Asia market and we are not to much well know in that part  of Globe, So partners like Chainx and ICO Pantera are growing our reputation , so sure later on we will list GFC in our Website

Cryptodiffer Community

Partners, partners in every project play a huge role as backup and support at every start of a project/company, so my question is What role do your partners play in the ecosystem and what benefits do they have for being a partner?

CEO & Founder at Gerfin

Our partners are developing our brand and based that they trust the project they are with us. 

They are helping us by puting their name in our project and trusting us , this will increase our brand in market faster

Cryptodiffer Community

What the function of GFC coin in Gerfin Platform?

CEO & Founder at Gerfin

GFC will serve as a collateral for loans on Gerfin. And GFC will also serve as a system to pay fees.

Cryptodiffer Community

1) Why should I trade on Gerfin? What features do you have that can attract me? Also, how many cryptos are presently available on your exchange?

2) What are the benefits of hodling GFC? Why should I buy it, the advantages and rewards for hodling long term?

CEO & Founder at Gerfin

Simple to use and efficient, Gerfin is not in market to make revolution. Gerfin is in market to be a main partner for users in daily life. 

Benefits of owning GFC is that u will have lower commission when u take loan and in easy to access other features that we will bring in future. We are working that in long term GFC value will increase and this is our main priority for our investors and holders. too

Cryptodiffer Community

How will Blockchain Help Gerfin Project to achieve its Goals?

CEO & Founder at Gerfin

GFC coin is an example of the Blockchain technology.  The GFC coin will serve as a collateral for the loan system.  This is a core part of the business.  Without this,  there probably might never be a Gerfin.

Cryptodiffer Community

Partnering is one of the factors leading to the success of a project. Are you focusing on any partnerships with other projects in the near future?

CEO & Founder at Gerfin

Yes, We are open to collab with any project and company that we thing is a win-win-win situation between us-other partner- users

Cryptodiffer Community

Q1. What security does the Gerfin cryptocurrency wallet offer for a quick verification process and to guarantee an efficient and easy-to-use experience?

Q2. As a relatively new exchange GerFin has been quite succesful, how is its listing program? What are you focusing now on?

CEO & Founder at Gerfin

Our KYC system is very easy.  Just your ID card and Utility bill and you are good to go! Takes less than 15mins to start trading.

On your second Question,  we are not conducting any listing of any other currency asides Bitcoin and Ethereum.  We are focusing on the two most popular cryptocurrencies in the world.

Our system is simple.  Exchange Bitcoin and Ethereum to Fiat.

Cryptodiffer Community

Q1. What security does the Gerfin cryptocurrency wallet offer for a quick verification process and to guarantee an efficient and easy-to-use experience?

Q2. As a relatively new exchange GerFin has been quite succesful, how is its listing program? What are you focusing now on?

CEO & Founder at Gerfin

Our KYC system is very easy.  Just your ID card and Utility bill and you are good to go! Takes less than 15mins to start trading.

On your second Question,  we are not conducting any listing of any other currency asides Bitcoin and Ethereum.  We are focusing on the two most popular cryptocurrencies in the world.

Our system is simple.  Exchange Bitcoin and Ethereum to Fiat.

Cryptodiffer Community

What do you think that is the most strong points of Gerfin to attract more investors? Why you stronggly believe that the investment will be beneficial for investors?

What is the “Loan Feature” and what make It so special into de Gerfin ecosystem?

CEO & Founder at Gerfin

Traditional way of making business and business model. simple for users to use means simple for investors to make money,

We are planing to create the echo-system to issue Fiat loan in users for 10-15 minutes. so when u are out of money in restaurant, u can access it easy, in gas stations, Supermarkets and many many thing based in daily routine

Cryptodiffer Community

What is your plan to strengthen and develop the #GERFIN community to persuade more people to look at the product instead of price?

CEO & Founder at Gerfin

Well,  the beautiful thing is we have a large community.  We currently have over 70,000 supporters of Gerfin and still growing.

So we believe that people love Gerfin and see beyond Price.  That doesn’t also mean we will take the price for granted.  We will implement first class solutions to enable the price profitable for investors like you.

Cryptodiffer Community

How do you see the industry and gerfin specifically 5 years from now?

CEO & Founder at Gerfin

Gerfin we see as a closest partner in life by providing more features than just Loan, Will be a partner for every Father and Mother in bad days and good days. This is what we see to gerfin

CEO & Founder at Gerfin

I think we are done. 

please do not forget to join our Telegram group: https://t.me/gerfineuchat

our Private Sales group: https://t.me/joinchat/H8lArxqAq_VYgilbctDhBw and our youtube channel to see any update and many questions that we answer there: https://www.youtube.com/channel/UCw9hmlvVf5xNkfdTPve8FPw?view_as=subscriber

Cryptodiffer Team

Thanks for your time @f2019token 

It was a pleasure to conduct an AMA with Gerfin!!!

Let’s finish the AMA

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