Recap of the JazzDeFi AMA with Blockchain Space
On Tuesday, April 20th, we had the pleasure to welcome to our Telegram chat:
Hercock, The Lead Dev at JazzDeFi,
JazzDeFi(dot)com, The Community Manager and Marketer at JazzDeFi, and
Jazz Tine, one of the managers at JazzDeFi and mostly handle marketing.
We asked them questions about the development of JazzDeFi.
Q~ Briefly introduce yourselves, a bit of your background and your roles in the team?
Hercock : I’m Jazzdefi’s Dev. I learned solidity and worked with previous teams to build swaps, so it was quite natural for me to help create JazzDefi. I’m in charge of fixing bugs, updating the site and make the contracts SAFU.
JazzDeFi(dot)com : I am one of the Community Manager and Marketer of JAZZDefi ,was previously a customer representative so i know how to talk to people , been in cryptospace for 1 and Half Year , trading regular and degen trades :)
Jazz Tine : Hello guys. I’m one of the manager of Jazzdefi and mostly handle marketing.
Q~ Let’s learn some more about the project. What is JazzDeFi all about in detail?
A~ JazzDefi is yield farm, built on the Pancakeswap codebase and part of the BSC ecosystem. We aim to provide investors with a the best mix between high returns and stable value over time.
Visit our medium too for more knowledge :
Q~ Considering Staking and Farming as an essential part of a project, Tell us how it works, and what are the requirements?
A~ To answer your question ,Farming and staking are in essence, quite similar — you invest and we reward you with a yield. In the case of “farming” , you stake LP tokens, that is, you invest you tokens in the liquidity pool and get a yield in exchange of the liquidity service you provide. In the case of staking, you invest the Jazz token that you farmed or bought and we reward you with more Jazz, or other tokens that we bought on the market. You can, for instance, earn CAKE by staking Jazz !
Q~ Share with us the tokenomics and usecases of the $JAZZ token?
A~ We set the supply of Jazz a low level — 0.3 JAZZ per block. This keeps inflation low, knowing that it will decrease over time — each day a lower % of Jazz relative to the total supply is minted, so you can expect the value to stabilize and grow as time passes, just like Monero, which uses the same reward mechanism.
Our token will be a governance token in the future, but also a share in the profits of the platform. Those are spent in 2 ways: either doing buybacks to prop up the value of the token, or by buying other valuable tokens and allow our members to farm them — some kind of a dividend yield if you like !
By the way, those dividends are very popular right now — we find growing RFI tokens with strong teams and we allow our members to earn them. Last one was RavenX, which did x3 after we listed it !
We’ll announce a new one tomorrow, by the way.
Q~ What stage on the Roadmap is the project at? And what should we look forward to in the coming months?
A~ Currently we already have 2 partnerships , 1 of them is ravenx and there’s more to come.
Staking pools for jazz to earn different tokens from collected fees and from partnerships is also live and as long as our project is fully established. We can add more in the future.
Audit was done by solidity.finance and we’re only waiting for the coingecko listing together with cmc.
Lottery is not yet live but soon will be deployed. After all those pending development is finish . We will release a fully detailed roadmap for long term development.
QUESTIONS FROM TELEGRAM
Q~ In a bid to ensure transparency and credibility to your users, have you done any audits and where can we see the reports from the audits?
A~ Yes ! We have an audit from solidity.finance which will be added to the site. Check it here !
Jazz DeFi Audit - Solidity Finance
Jazz DeFi is building a new yield farming platform on the Binance Smart Chain. For this audit, we analyzed the project's…
And when our project is fully established. We will apply for full audity to certik. Safety of the investor’s is one of our main priorities.
Q~ Which tokens users can farm using JAZZ curently?…do you plan to add more tokens in the future?
A~ You can farm more than 15 tokens, so I won’t list all of them here. But we have a nice range, from established coins like BTC and ETH, stables like USDC and BUSD and even RFI tokens like YOLO or RAVENX ! Check jazzdefi.com for more info.
Q~ You mention that you added new JAZZ groups, and by doing so, we will increase the liquidity of the JAZZ token. But could you explain to me what is the APY that users get when blocking their tokens on the Platform? And how will the JAZZ token keep in constant growth?
A~ The yield (and thus the APR) consists in JAZZ token rewards that you get by staking your LP tokens into the farms. Thus, you get transaction fees … and more yield, with the Jazz token !
Q~ What pools are present and what tokens can be farmed with JAZZ?
A~ Last week we had $SAFEMOON(did 6x since farmed) ,$CAKE $YOLO(2x since farmed) , as of right now we currently have $CAKE(revived as per community request) , $RAVENX (which did 3x since we listed it on our DEX and started farming it) we have a lot of upcoming POOLS such as $BTC , $ETH , $BAKE but this will also be highly based on what our community poll result is .
Visit this link for more information.
Q~ I read on your twitter that the $ TVL token has been stable due to its organic growth in $ JAZZ, so I wonder, what is the key to this? Why is it slow but safe?
A~ It’s not stable, it’s actually increasing steadily. This is due to our commitment to the community, our frequent updates and partnerships. Jazzdefi is SAFU, the users know it and come back for more !
Q~ How do you think with Asia market? Does your team have any plan approach ASEAN which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
A~ We already have a strong foothold in the ASEAN community, with many users coming from there, but we want to recruit even more investors !
It was a real pleasure to discuss with you and your awesome community ! Working on BSC is such a treat 😊
🎷Helpful Links for $JAZZ Defi🎷
🔹Telegram : https://t.me/JazzDefi
🔺PCS LINK : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x77F2a1E63054c45093abcB0B83f16a0CE79b7018
🔸RoadMAP : https://jazzdefi.medium.com/our-roadmap-e2bce5c726dd
🔸Github : https://github.com/jazz-defi
🔸Ann channel : https://t.me/jazzdefiann
🔸Waterfall Channel : https://t.me/JAZZwaterfall
🔸Chart : https://poocoin.app/tokens/0x77F2a1E63054c45093abcB0B83f16a0CE79b7018
🔸BSC_community (unofficial) review on spreadsheet (line 66) : https://docs.google.com/spreadsheets/d/1jxA25FEMo8lDNzcC4nAh5JPMz6fY2qeIoZJqlEKMIuU/edit#gid=0
🔺 LIQUIDITY LOCKED :
🔺Masterchef ownership transfered and locked : https://bscscan.com/tx/0xdf732ac6a15595553da189b6a9d3f7f0b7e18948b037eeb202d730540ef80870
🔺 MIGRATOR removed !
🔔 Audited by Solidity : https://solidity.finance/audits/Jazz/🔔
Blockfolio Request: https://blockfolio.canny.io/coin-requests/p/httpsjazzdeficom
Reddit : https://www.reddit.com/user/JazzDefidotcom/
JAZZ Contract: 0x77F2a1E63054c45093abcB0B83f16a0CE79b7018
It’s really nice having the JazzDeFi project in here!!!
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