KuChain and Combo AMA Recap

KuChain and COMBO AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

Jack Kadaoghlanian ( Co-Founder at Combo) 

Lou Yu (Operation lead at KuChain)

Operation Lead at KuChain, Lou Yu

Hi guys nice to  e-meet you!

Co-founder of COMBO, Jack Kadaoghlanian

Hey there Maks. Pleasure to e-meet you!

Co-founder of COMBO, Jack Kadaoghlanian

I feel obliged to share a bit about my background and life around crypto

My name is Jack as you all know already. I am originally from Armenia but have been actively working in China for over 5 years now. I majored in Business with a focus on Finance and Accounting.I majored in Business with a focus on Finance and Accounting.My interest in the tech world grew the day I travelled to China. I got into cryptocurrency around 2016, when I was introduced to Bitcoin by a colleague whom I was doing business with in the city of Shenzhen.

I decided to gradually get more immersed into Bitcoin, I had dearly fallen in love with it. I’m an extremely active person in this industry and after years of work in and around the crypto world, I am proud to say that I decided to take my influence further by joining this amazing project. Combo.

Should I also allow Ms. lou to talk a bit about herself or do I go on with the Q1?

Operation Lead at KuChain, Lou Yu

Thx! To be brief, I am a crypto true believer!

That shall work for now.

CryptoDiffer team

Q1: There is a constant upsurge in new coin mining. What is the reason for Combo to list KuChain? What are the advantages of Combo?

Co-founder of COMBO, Jack Kadaoghlanian

At the moment, there is this phenomenon in the industry that each public chain only supports the distribution of tokens for projects in its own ecosystem. 

For example, TRC20 supports the distribution of TRC20 tokens, but we believe that blockchain should not build isolated islands. We also truly believe that multi-chain assets owned by users at the same time should have equal opportunities to participate.

In this context, we launched Combo to gather multi-chain assets and distribute tokens fairly.

And about Kuchain, We all know that Kuchain is the future main-net for KuCoin platform token KCS, and Combo is developed based on the “four-layer network” (a fancy description for modularization) technology logic of KuChain.

If you look into Combo, you were realize that it is the perfect place to start for Kuchain!

A new decentralized financial derivative aggregation protocol, including liquidity mining protocol, synthetic asset issuance protocol, and staking mining. The oracle machine provides a decentralized financial development bottom layer for traditional financial assets to be seamlessly chained through blockchain technology. COMBO allows users to bet on the price index of assets without holding actual assets, including but not limited to cryptocurrency assets, foreign exchange, commodities, oil, and stocks.

COMBO is completely decentralized and free of access. The purpose is to allow all users to easily participate, and use traditional financial assets and more diverse and more complex trading strategies to provide solutions.

CryptoDiffer team

 Q2. Why did you choose COMBO for the first phase of KuChain’s DeFi project?

Operation Lead at KuChain, Lou Yu

For KuChain, COMBO is the project most in line with the DeFi concept. As a community-driven ecosystem project, COMBO’s COMB issuance method is based on user behavior except for early investment. There is no pre-mining, and ecosystem participants will eventually become stakeholders who pursue long-term networks. 

Any project that does not require fundraising and only distributes initial tokens can be realized through COMBO.COMBO supports them to acquire initial user groups across multiple chains with multiple assets.

CryptoDiffer team

Q3. What is the difference between COMBO and other defi projects, and what are the advantages?

Operation Lead at KuChain, Lou Yu

That’s a very good question. THX~The advantage of Combo refers to the support of cross-chain, which can assist KuChain ecosystem projects to complete initial token distribution and value realization.

The COMBO aggregation protocol will set up a liquid mining bonus pool, and users can deposit stable currency encrypted assets into the decentralized trading platform as COMBO funds.

The pool provides liquidity, thereby obtaining COMBO trading tokens. And COMBO not only supports USDT, ETH and other tokens on Erc20, but also supports KuChain ecosystem projects to participate in the liquidity mining of COMBO

CryptoDiffer team

Q4. COMBO is developed on KuChain, what benefits will it bring to KuChain?

Co-founder of COMBO, Jack Kadaoghlanian

You know ATOM is the native currency of Cosmos. KuChain is joining forces for cross-chain plus DeFi developments within the Cosmos ecosystem.

COMBO, on the other hand, will become the first DeFi classified project on KuChain. It will support a “one-click” liquidity mining to support all projects on KuChain in the future. The COMBO program enriches the KuChain ecosystem. It provides a new application scenario for KuCoin exchange holders, which we are looking forward to.

CryptoDiffer team

Q5. What are the advantages of Kuchain in attracting Combo to establish itself?

Operation Lead at KuChain, Lou Yu

KuChain’s consensus mechanism is based on the IBC protocol and PBFT-like consensus engine, which can bring faster processing speed, larger transaction capacity, shorter confirmation time, lower fork risk and more expansion plans. It is necessary to jointly maintain a set of trusted ledgers off-chain and on-chain.

KuChain can complete the off-chain matching safely and effectively at the settlement layer. The on-chain ledgers are mainly used to synchronize accounts according to the latest block.

KuChain facilitates alt-coins’ liquidity interaction at low cost, which effectively solves the problems of liquidity and pricing power monopoly that still exist in decentralized transaction scenarios.

CryptoDiffer team

Thank you for such detailed and interesting answers!

Let’s move to the Telegram community questions part.

Cryptodiffer Community

How does hacked kucoin affect COMBO?

Operation Lead at KuChain, Lou Yu

It does not affect combo because kuchain is not KuCoin. 

Co-founder of COMBO, Jack Kadaoghlanian

I’d like to back Lou up on this one.

I agree with Lou. First of all, Kucoin has our support. We are really impressed with the way they have dealt with this hack.

I’d like to add to that the following. Just like Ms. Lou said, Kuchain is not Kucoin. Kuchain is extremely robust. We believe its security will be unprecedented.

We fully understand what Cosmos is made of and we see how robust Kuchain will be.

Cryptodiffer Community

What do you think is the fusion point of COMBO and KuChain? In other words, what application scenarios will COMBO bring to KuChain?

Operation Lead at KuChain, Lou Yu

Combo is basically serving the whole decentralised financial area, It provids liquidity mining and synthetic assets services etc. As kuchain serves mainly decentralised financial area combo is made to be in cooperation with kuchain.

Cryptodiffer Community

In Tokonomics of $COMB, I see 92.5% of Tokens are mentioned in Product Mining.. Could you please explain what is Product Mining & How these Tokens were Generates of Unlocks?

Co-founder of COMBO, Jack Kadaoghlanian

Correct, 92.5% of tokens will be going into the mining pool. We believe this will prove perfect for what we call “decentralization”.

Our pledge mining gives everyone a chance to mine Combo tokens without having to deal with huge mining expenses. There is no need for high computing power. Users only need to pledge a certain amount  of tokens to participate in the mining process.

Anyone who has participated in Bitcoin mining knows that it costs to have their own mining machine to mine, especially buying mining tools such as mining machines, graphics cards, chips, etc. This is beyond the reach of ordinary people.

Pledge mining is a game-changer for most crypto investors and miners as well.

Cryptodiffer Community

Can you list  killer features of COMBO that makes it ahead of its competitors ? What is the competitive advantage your platform has that you feel most confident about ?

Can you tell us the motivation and benefits for investors to hold $COMBO long term? What plans do you have to help drive demand and scarcity for the token?

Co-founder of COMBO, Jack Kadaoghlanian

We see our partnership with Kuchain as that kill factor that will take us to new heights.

Combo token will prove to be one of the pillars Kuchain builds on. That is our advice to people in here. Think about future gains instead of short term tiny gains.

Cryptodiffer Community

What upcoming updating and development of $Combo  that I will tell to my friend so they will more attracts to #Combo and choosen it among other?

Co-founder of COMBO, Jack Kadaoghlanian

COMBO will launch the voting governance page to support the governance mechanism for COMBO holders to participate in the public beta activity network. 

The voting governance function can provide services in advance for all non-mainnet projects, allowing users to participate in governance in advance and feel the justice of decentralization. Voting governance includes voting to open staking mining pools, liquidity mining pools, oracles to determine objects, etc.

After completing basic business operations and product polishing, Combo will gradually transfer the ecological governance rights to the community. And at that point, we will also start to build governance nodes and invite the community to further develop and improve the decentralized COMBO business and node mechanism and other criteria.

Co-founder of COMBO, Jack Kadaoghlanian

Thank you for having us in here!

Cryptodiffer TEAM

Perfect! thank you @Combotokenadvisor @LouKuChain for coming today and for good answers!

Thank you everyone who took part today!

Operation Lead at KuChain, Lou Yu

Pleasures are all mine! Thank you everyone for being here! Pls keep following KuChain and COMBO!

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