On Thursday, April 22nd, we had the pleasure to welcome to our Telegram chat:
Jeannice Tse, The Lead Strategy and Portfolio Management for NAOS Finance, and
Bob, The head of marketing and community at NAOS Finance.
We asked them questions about the development of NAOS Finance.
Q~ Thanks for joining us today. Please start off by introducing yourselves to our community?
Jeannice Tse : Thanks for having us! I’m Jeannice and lead Strategy and Portfolio Management for NAOS. I worked in McKinsey and Citigroup among other companies, and I have an MBA from Chicago Booth. Currently I’m in my paradigm shift to blockchain and crypto, given my more traditional finance background, and hope to bridge the two worlds.
Bob : This is Bob, I am an experienced founder in the e-commerce and technology space. My interest in NAOS lies in the value that I think NAOS will bring into the commerce world. As someone who was a founder of a supply chain company, I understand that bringing real world assets onto chain is the future. I am now the head of marketing and community to NAOS.
Q~ Can you briefly describe what NAOS Finance is about?
A~ NAOS is building a bridge to bring traditional finance into DeFi by funding real world debt with crypto assets supplied by blockchain lenders. NAOS has originated more than $600 million in real world assets provided by fortune 500 companies, publicly traded institutions and global corporations. NAOS’s off-chain asset base provides a concrete foundation for innovative dApps and fiat-based monetary rewards that can drive growth across the entire DeFi ecosystem. The company is leading the effort to build a world in which traditional financial assets can be tokenized and traded on a blockchain.
Q~ At present, DeFi is insignificant compared to the capital scale in the CeFi world. How can NAOS Finance “break the circle” to attract real-world funds into the DeFi ecosystem?
A~ DeFi and CeFi can be considered as a two way street. Moving CeFi’s assets to DeFi as the main goal, and on the other hand, DeFi provides liquidity to CeFi. We are aiming to be the bridge between these two worlds. NAOS plays a role of as commercial bank, which provides the liquidity from MakerDao or Compound to CeFi borrowers. As a central bank, MakerDao’s model of “printing banknotes” in a low-cost manner has been verified. Dai has also become the mainstream stablecoing in the market. However, the biggest problem currently facing is the stability of TVL and the RAW provided by NAOS with the characteristics of stable interest income and stable asset value can solve this problem.
As for how to introduce real-world funds into DeFi, this is a topic that all DeFi projects are working on. During this time, we have begun to see virtual currencies begin to be accepted in the traditional market, from Tesla, BlackRock, and Goldman Sachs. , Square, Paypal, Visa and other traditional corporate giants. We believe that in the future, the continued low interest rate from traditional financial market and inflation will accelerate the process of moving RWA entering DeFi. NAOS is building a financial platform based on real assets, paving the way for the next step of DeFi.
Q~ Did you raise funds so far? Can you share more details on your Public sale?
A~ Yes, we just closed our private round — $5.1M. We are lucky to have the support from the top DeFi funds include Mechanism Capital, Maven 11, SNZ, DeFi Alliance, and funds with trading backgrounds include CMS, Genesis Block, and overseas funds include Spartan Group, Sora Ventures, and domestic Early-stage funds include Youbi Capital and Incuba Alpha. At present, three of the five largest exchanges in trading volume are our investors.
More details can be found here:
NAOS Finance Closes $5.1M in Funding Round
We’re excited to announce the investors who are supporting our goal of fully automating tokenization of real-world assets and increasing…
And IDO coming on Polkastarter!
NAOS IDO is going on Polkastarter
We are very excited to announce our partnership with Polkastarter for this IDO event. Since NAOS Finance started, we’ve been delighted by…
We will be releasing whitelist details VERY VERY soon (not dropping any hints but VERY)
Q~ Could you share the recent progress and your future plans for NAOS Finance with us?
A~ Our team is creating a decentralized financial network that:
▹ Enables the origination and funding of loans without traditional intermediaries
▹ Instills full transparency in the previously opaque risk assessment and loan application process
▹ Breaks the geographic boundaries for lenders and borrowers to transact in a borderless fashion
▹ Transfers financial value (interest spreads, service fees) from financial institutions to lenders and borrowers
▹ Offers the best interest rate on any comparable loan of the same risk profile and terms
▹ Transfers custodial ownership of accounts from financial institutions to individuals
▹ Democratizes irrefutable and immutable loan performance data that was held closely by centralized institutions
▹ Solve the issue of overcollateralization in the DeFi space by leveraging safe, stable and insured assets off-chain to back our investor’s on-chain activities.
▹ Accelerates the growth of the overall DeFi ecosystem with real world applications
To accomplish these ambitious goals, we need more than participation from the DeFi community.
In order to get there, we are busy working with partners who can help us get there.
We haven’t yet announced our plans for an airdrop. Be aware of scammers as anyone that tells you otherwise is trying to scam you. Our team has not publicly announced, nor have we decided on the date/time for an airdrop will be taking place.
For staking, yes, interested individuals will be able to stake their crypto assets into NAOS. We aim to support the most popular and widely used stablecoins in circulation. Our partnership team is hard at work on finalizing partnerships based on the great feedback we have received from the NAOS Finance community. As soon as we have finalized our partner list, we will be publishing it on our website at https//naos.finance, announcing it on our medium https://medium.com/naos-finance and Telegram channel: https://t.me/naos_finance. We encourage you to check out those to get the most up to date news.
QUESTIONS FROM TELEGRAM
Q~ Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
A~ This is a great question. NFT is a great way to onboard real assets on chain. Look at the recent success in digital art, right? We apply the same idea but in debt and supply chain financing.
Q~ What is your strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?
A~ The biggest difference between NAOS and other projects are the real world asset volume and how we do your compliance work. NAOS has financial licenses in 4 countries and can directly connect with traditional companies and borrowers off the chain. On the asset side, we have nearly 600M USD asset originated, that makes NAOS the largest project of RWA on-chain. In addition, the core team all have traditional finance and Internet finance backgrounds, and can evaluate company assets and credit ratings based on their risk status, balance sheet status, and loan requests.
Weaknesses…I think like any new/young project there are different challenges related to how new things are. But our team likes to solve problems!
Q~ What collaterals does NAOS Finance support and Does NAOS require KYC and AML before lending?
A~ We partner with fintech partners. These partners have financial licenses in several countries so we will definitely apply bank grade KYC & AML to the lenders.
Q~ How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia, Vietnam, India, Bangladesh and Iran, do you have local communities for them to make them better understand about your project?
A~ Yes we have a few telegram channels that are in different languages, I’ll link some of them here;
Q~ What are the main benefits for lenders and what are the requirements to apply for loans?
A~ Lenders can have immediate access to liquidity without overcollateralization.
Q~ About your partnership with Polkastarter for your IDO event, could you tell us on what date this event will be held? If I want to participate in your IDO event, What are the requirements I need to register? How could I join?
A~ 4/30. Please join @naos_finance for the info.
Whitelisting announcement is coming, so we are going to release that shortly.
It’s really nice having the NAOS Finance project in here!!!
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