PROXI AMA Recap

PROXI AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

Head of Marketing at PROXI DeFi (@pauljankovic)

Head of Marketing at PROXI, Paul Jancovic

Hey! This is Paul Jankovic, Head of Marketing at Proxi DeFi. So happy to be here today! Thank you!

CryptoDiffer team

Let`s start with introduction:

Can you introduce yourself to our community ?

Head of Marketing at PROXI, Paul Jancovic

This is Paul. I’m Bachelor of Computer Science in the University of Manchester, expert in IT and Technology across several multiple industries. With leading backgrounds in the diverse industries, including J.P. Morgan, HSBC and Accenture, I gravitated towards the blockchain-based Open Finance for years. The involvement with PROXI, the DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending, give me the chance to combine both my professional expertise and my personal passion perfectly.

Feel free to check my Linkedin page: https://www.linkedin.com/in/paul-jankovi%C4%87-7557371b3/

CryptoDiffer team

Can you briefly tell us what is PROXI DeFi in 3-5 sentences?

Head of Marketing at PROXI, Paul Jancovic

In one sentence: PROXI is DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending.

PROXI provides the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.

The mission of PROXI is to build a one-stop platform for cross-chain multi-asset collateral service, Credit-based lending, derivative issuance, trading and asset management in the DeFi area, providing users with revolutionary, decentralized, and risk-minimized financial products.

PROXI will release the user’s reputation value,helping users maximize the user’s capital utilization rate while meeting risk control conditions.

CryptoDiffer team

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

Head of Marketing at PROXI, Paul Jancovic

We have completed Community-round whitelisting tokensale which only lasted for 1.3 seconds and over 3000 people participated in the event. We will be holding AUCTION on Mesa on 19th.

About the product, the alpha protocol of PROXI is under internal test and hopefully we will launch the MVP of product real soon. BTW, PROXI is going to launch the Yield Farming recently.

CryptoDiffer team

Thank you for such detailed and interesting answers!

Let’s move to the Telegram community questions part.

Cryptodiffer Community

What are the main use cases of CREDIT in the PROXI ecosystem? What exclusive benefits receive those who own CREDIT?

Head of Marketing at PROXI, Paul Jancovic

Let me explain this one. $CREDIT is the utility token of Proxi DeFi. CREDIT is the capped supply ERC-20 token. CREDIT acts as the medium of payment and gas fees or commissions in the process of on-chain transaction, credit lending, asset issuance, trading, and other similar services. Fees will be  partially burned, and  partially extracted to the Collateral  Pool as the Stabilization Fund to hedge the market risk. So, users could receive CREDIT token as rewards for adopting lending, borrowings, issuance and trading across the platform and thus the platform could go to market in an economic way and CREDIT token could have a native distribution throughout the ecosystem.

Cryptodiffer Community

Why did you choose IOST as a partner? How is the IOST technology applied in your product?

Head of Marketing at PROXI, Paul Jancovic

Recently PROXI forms official collaboration with IOST to bring real values and innovations into DeFi and IOST. PROXI’s holistic approach to DeFi and cross-chain interoperability will open up more use cases and users base for IOST. As strategic partners, PROXI and IOST shall mutually leverage on each other with community growth, product development, technical support as well as marketing resources. The two parties aim to jointly create a decentralized world with a sustainable and profitable DeFi network.         

If you wanna dig out more details about PROXI, please check the official website and the  official wiki:https://wiki.proxidefi.com/.

Cryptodiffer Community

Hello Paul! I would like to know what made you enter crypto & what advice you have for those who are not in crypto & where do you see Proxi after 5 years?

What is your roadmap for the next six and twelve months?

Head of Marketing at PROXI, Paul Jancovic

Hey! Good questions! You can check our wiki to find out about Proxi DeFi’s roadmap https://wiki.proxidefi.com/roadmap. So in the next 6-12 months, we will be focusing on finishing Alpha Protocol V1 as well as MainNet Launch  API/SDK for Developers. I think the great potentials of Proxi are based on what product and services that we will offer to the users and how we can make DeFi services to become user-friendly and accessible for all.

Cryptodiffer Community

How can I own Credit tokens? What exchanges are Credit tokens intended to be listed on?

Head of Marketing at PROXI, Paul Jancovic

Well. We do have a very important event coming for users to acquire CREDIT tokens. 580,605 CREDIT tokens (including the unclaimed tokens from the community-round) will be made available for sale via an open auction. The initial auction price of CREDIT on Mesa will be $0.25, or the corresponding CREDIT/WETH price based on the price at the time. This auction will last for 24 hours or until the total CREDIT allocated has been claimed.   

The CREDIT Auction Event will take place on Mesa — a platform built on Gnosis Protocol. You can find detailed Tutorial to walk you through the whole process here:

https://medium.com/proxidefi-blog/detailed-tutorial-for-proxi-defi-credit-auction-on-mesa-34a8b32bfe1d

Cryptodiffer Community

Hedget is built on top of Ethereum and Chromia, it also designed to be the option trading platform for DeFi. My #question is: There have so many such DeFi platform exist and offer only ETH as default collateral, which causes problem if ETh price fluctuate. How Hedget solve this problem? (if solution is paying premium as you said, how premium will determine?)

Head of Marketing at PROXI, Paul Jancovic

To operate on Hedget platform you will need to have HGET token, but your underlying can be any erc20 asset accepted on Hedget

Cryptodiffer Community

What is PROXI’s unique FEATURES, that has made survive this long and stand out among other competitors?

Head of Marketing at PROXI, Paul Jancovic

Yes, very good question! Let me introduce the highlights of Proxi as a DeFi 2.0 protocol which enables: Cross-chain Interoperability, infinite Liquidity, Decentralized Multi-asset Collateral Pool , Credit-based high leverage tools, Limitless Derivative Issuance, Ideal Risk Management.  Well, to put into into very simple words: PROXI is the advanced mixture of Synthetix+Compound, providing the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.

Cryptodiffer Community

What mechanism helps PROXI reduce inflation of CREDIT token? Can you please explain the detail about requests and the benefits of miners?

Head of Marketing at PROXI, Paul Jancovic

Proxi does introduce a Deflationary Mechanism of CREDIT tokens. In PROXI, fees will be  partially burned, and  partially extracted to the Collateral  Pool as the Stabilization Fund to hedge the market risk.  Besides, PROXI will also adopt the “Yield Farming” to the multi-collateral and synthetic assets issuance operations. With Liquidity Mining Incentive plan, users could receive CREDIT token as rewards for adopting lending, borrowings, issuance and trading across the platform and thus the platform could go to market in an economic way and CREDIT token could have a native distribution throughout the ecosystem.

Cryptodiffer Community

What kind of strategy does Proxi DeFi use. so as to be able to work with several large projects?

What are the advantages of “One-stop DeFi 2.0” PROXI Platform?

Head of Marketing at PROXI, Paul Jancovic

Well, personally I believe that the advantages Proxi has are based on the unique features of the product and its functionalities. PROXI introduces unique features such as user’s credit value, high scalability of cross-chain technology, and multi-asset cross-chain interoperability to provide users with real liquidity and profitability, helping existing DeFi to open up growth space and break growth bottlenecks.  

 PROXI allows users to provide additional credit-based leverage in addition to the value of mortgage assets, thereby helping users capture profit opportunities in the market and have the opportunity to earn more interest. In the issuance of derivatives, users will be able to collateralize multi-assets through cross-chain technology, thereby providing real liquidity and value support for the issued synthetic derivatives.

Cryptodiffer Community

What do you want to say with us through this AMA?

Head of Marketing at PROXI, Paul Jancovic

Well. 1, I’m very grateful to be here today in this wonderful community that CryptoDiffer has; 2, We welcome all of you here to attend our upcoming AUCTION on MESA which is on August 19th; 3, I’m here to share my ideas on how Proxi DeFi can really bring new value and innovations with breakthrough product and services.

Cryptodiffer Community

How does proxi use cross-chain technology? What advantages does proxi have over Cosmos, Oracle, or Polkadot?

Head of Marketing at PROXI, Paul Jancovic

Good question! PROXI supports the decentralized multi-asset collateral and the issuance of synthetic assets based on multiple assets. In order to improve the user experience and increase the user adoption, PROXI is open to all fundamental cross-chain solutions such as Polkadot and COSMOS to accelerate the security, scalability and flexibility.  You can check this for more details of our Blockchain architecture:

Cryptodiffer Community

Within the ecosystem of PROXI, there are 2 tokens functioning for different features respectively. Can you share with us what are the use cases of each one?

Head of Marketing at PROXI, Paul Jancovic

Yes, the two tokens are very different. CREDIT will be the utility token and PROXI will be the governance token.  $CREDIT is like the blood flowing in the eco-system of Proxi.

Cryptodiffer Community

What do you think the role of community in Proxi   ecosystem? What’s your plans to keep build positive community and what do you expect support from cryptonation community?

Head of Marketing at PROXI, Paul Jancovic

Well. I believe that Community is the bedrock of Proxi’s ecosystem. Coz Proxi’s mission is to build a DeFi platform which offers the best and easiest-to-use product for users to make DeFi services accessible for all. We very much value the data privacy, asset security and trading security during the use of our product and services. And, one thing so special about Proxi is that we will develop our product into an user-friendly one. So listening to the users and community members is always important for us.

Cryptodiffer Community

How does PROXI Protocol solve the scaling problem? And how does it overcome the threat of centralization?

How can PROXI Protocol provide security to user funds?

Head of Marketing at PROXI, Paul Jancovic

1. Like I introduced before, Proxi will support the decentralized multi-asset collateral and the issuance of synthetic assets based on multiple assets. In order to improve the user experience and increase the user adoption, PROXI is open to all fundamental cross-chain solutions such as Polkadot and COSMOS to accelerate the security, scalability and flexibility. 2. We are aware of the unexpected risks which could bring harm to our users, thus we designed and will create a Collateral  Pool as the Stabilization Fund to hedge the market risk.

Head of Marketing at PROXI, Paul Jancovic

Thank you, all! And so happy to be here today!

Cryptodiffer TEAM

Thank you @pauljankovic for your time

Great answers!

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