YMPL AMA Recap

YMPL AMA Recap

CryptoDiffer team

We are glad to meet here 

CEO at YMPL John Li (@YMPLAdmin)

CEO at YMPL, John Li

hello everyone!

very glad to be here 🙂

CryptoDiffer team

Let`s start with introduction:

Q1) Can you introduce yourself to our community ?

CEO at YMPL, John Li

Sure, let me introduce myself. I’m john Ceo of Ymplprotocol.

My background is in financial and engineering. been in the crypto space for at least 4 years have experience working in top crypto exchanges and also old traditional financial industries.

finally ended up starting ympl protocol as you see here.

CryptoDiffer team

Q2: Can you briefly tell us what is YMPL in 3-5 sentences?

CEO at YMPL, John Li

YMPL is a probabilistic DeFi protocol that rebases the token supply in a set of intervals based on our probabilistic model; inspired by Ampleforth protocol we take its rebasing model further to create a new digital commodity that pegged with ETH rate so you can see it as Ampleforth but the rebase is random and the price is not pegged to 1USD but instead to 0.0025 ETH

YMPL rebased to reach 0.0025 ETH every 4 hours each time with 25% chance to be rebased, this way it is harder to manipulate the market and also we have YMPI token which will be the governance token for ympl in the future the protocol will eventually be owned by the community

community can vote to change the rebase percentage and all of the protocol if they would like

CryptoDiffer team

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

CEO at YMPL, John Li

in just a week or so we completely launched ymplprotocol with its random rebase functionality 

everyone can click the rebase button and if it succeed you also get some YMPL as reward.

a few days later we also launched liquidity mining to mine YMPI governance token can check on our website for more information.

the mining period is 1 full month, after that we will upgrade the protocol and it will be in the community hands 🙂

more features are on our roadmap, also we are exploring for cex listing

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

1. Do you have a plan to attract new investors to buy ympl in negative rebase situation and how?

 2. When ympi can use to change government and what is a limitation of ympi?

CEO at YMPL, John Li

yes we have plan and partnership coming !, the limitation is in community hands.

Cryptodiffer Community

YMPL is not the only project in this area. services like YMPL can be copied from a technical point of view. So, what are the YMPL specifications that guarantee victory over other projects?

CEO at YMPL, John Li

you can copy the code but not the actual community support we have. also being open source is part to improve the ethereum eco system.

Cryptodiffer Community

I am an ETHICAL HACKER AND EXPERIENCED DEVELOPER, do you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build

CEO at YMPL, John Li

we have bug bounties, please check our website for more details

Cryptodiffer Community

Is the yield different from YMPL staking in UNIV2 and Balancer?

CEO at YMPL, John Li

yes it is different, one is riskier but roi is better

Cryptodiffer Community

What is The uniqueness of the YMPL protocol that cannot be found in competitor projects.

 Why do you think YMPL  is the best in performance?

CEO at YMPL, John Li

we do random rebase and our oracle is completely trust-less.

Cryptodiffer Community

Most users only care about immediate benefits rather than the real value of the project in the long-term. How can you convince users invest to your platform in the long-term?

CEO at YMPL, John Li

it is hard to make everyone happy we know, but we planned to be here long term and list of updates will come soon.

Cryptodiffer Community

Is YMPL secured against smart contract vulnerabilities? Have you carried out multiple audits with third parties?

CEO at YMPL, John Li

we have audited the contract with well known ethereum researcher.

Cryptodiffer Community

Why YMPL decide to build YMPL based on its ETH price ratio ? 

CEO at YMPL, John Li

0.0025 is closed to 1USD it is easy to understand for initial phase.

Cryptodiffer Community

Are you planning to promote your project in different countries, where English is not good? Do you have a local community for them to better understand your project?

CEO at YMPL, John Li

marketing plan is in the roadmap do not  worry.

CEO at YMPL, John Li

@oliubashevskyi thank you for having us!

Cryptodiffer TEAM

Thanks you!

Thanks for your time!

Chat opened

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CryptoDiffer Admin
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