RECAP AMA Symbiosis Finance x Town Ventures Community

Town Ventures

7 min readMar 16, 2022

RECAP AMA Symbiosis Finance x Town Ventures Community

Content AMA today:

I- Q&A about Symbiosis Finance , Guest
II- 5 questions from community for Symbiosis Finance

AMA Start

I-Q&A about Symbiosis Finance,Guest

Cherry : Hi @catsareeverything

Diana K : hello cuties

Cherry : Welcome to today’s Ama session at the Town Ventures community. I’m Cherry today’s host and translator

Diana K : nice to meet ya!

Cherry : Nice to meet you too. Are you ready?

Diana K : 100% ready

Cherry :Ok! Start .Can you introduce yoursefl and the Symbiosis Finance project?

Diana K :Nice to e-meet you all! I am Diana, a marketing lead. At Symbiosis, I am responsible for the visual communications and day-to-day marketing operations. Well, I think I have an extensive experience in cryptocurrency services 🙈

Symbiosis aggregates decentralized exchange liquidity across any EVM and non-EVM networks. Swap any token and transfer liquidity. Yes, any

Done.

Cherry :Ok, It’s sound great! Ok. We will go to detail. What services does Symbiosis Finance provide to users?

Diana K : As I said, Symbiosis collects decentralized exchange liquidity from any EVM or non-EVM network. We make certain that you do not have to be concerned about cryptocurrencies you have never heard of. There will be no fragmentation because everything will be liquid and interchangeable ⭐️

Done 😎

Cherry :That’s not half bad! So, What role does SIS token play in your ecosystem?

Diana K : Oh, lovely question! I can spend hours talking about SIS token, ha-ha.

Cherry : Haha, if you can.

Diana K : $SIS is the protocol token of Symbiosis. It is deployed on Ethereum and used for staking to run a node in the relayers’ network and governing the Symbiosis DAO and DAO Treasure.

The SIS protocol needs a token to reward and secure the network of Symbiosis. We call this network the relayers network as it relays information over different blockchains. Each node that runs the Symbiosis protocol receives $SIS tokens in return and helps govern the Symbiosis DAO and DAO treasure. The token is deployed on the Ethereum blockchain 🚀🚀🚀

Governance proposals can be submitted by any token holder (and only token holders!). Staking contracts are used by relayers to stake their tokens. We are actively researching this topic, taking legal risks into account. Our goal is to create a DAO that requires token holders to lock their tokens before voting on proposals. However, this design is fraught with legal ramifications. As a result, we will stick with the current design (without locks), which has been well received by the market.

Dearest Symbiotes!

Check out $SIS on:

🚀 Huobi (https://www.huobi.com/en-us/exchange/sis_usdt/);

💫 Uniswap (https://v2.info.uniswap.org/pair/0x33d39ea02d1a569ecc77fbfcbbdcd4300fa0b010);

✨ OKEx (https://www.okex.com/ru/trade-spot/sis-usdt);

⭐️ ByBit (https://www.bybit.com/en-US/trade/spot/SIS/USDT?affiliate_id=26547&group_id=38312&group_type=1);

🌟 Gate.io (https://www.gate.io/ru/trade/SIS_USDT/?ch=en_sm_1221).

There’s NO OTHER PLACE YOU CAN BUY $SIS at this time.

Done

Cherry :That’s best ever! Way to go! Ok ,so who are some of Symbiosis Finance’s business partners/customer?

Diana K :

e are backed by the ecosystem funds of leading protocols: Polygon, Algorand, Avalanche. We are also backed by leading wallets, exchanges, and venture funds: Binance Labs, Blockchain.com and much more. You can check the full list here: https://symbiosis.finance/

Here is a list of wallets with which you can connect to our app:

These are very big players!

Done

Cherry : Amazing! Ok,next. What is the development roadmap of the Symbiosis Finance project at the present time and in the future?

Diana K : Very interesting question!

Firstly, сheck out our beautiful roadmap!

Q1:

Mainnet

Security audits

Relayers network v.1

Mobile SDK v1 (iOS, Android)

Cross-chain farming

Solana alpha integration

Q2:

Solana, Terra, Celo and more evm-networks added

Relayers network v1.5 connected to sidechain

Relayers auction

Q3:

Symbiosis v2 protocol with implemented sidechain:

Unified AMM pools

Smart order routing

Unified cross-chain farming

Staking v2

New web app

Optimised TSS library

Q4: Multi-chain data interoperability protocol (a universal protocol to send call data, transfer tokens, and initiate actions across multiple networks)

Despite some delays, we are on track with our roadmap. We even added integrations there that weren’t planned. To be honest, I myself do not believe a little in how well we work together.

We launched farming, vesting, and our token appears on more and more exchanges. I think that you can subscribe to our social media to observe the development of the project with the same passion as we do.

Follow us on Twitter (https://twitter.com/symbiosis_fi), Facebook (https://www.facebook.com/symbiosis.finance/), Telegram (https://t.me/symbiosis_finance), Medium (https://blog.symbiosis.finance/), and Discord (https://discord.gg/symbiosis) to be a part of the Symbiosis community 💞💞💞

Done 😺👍

Cherry :Oh,very clearly ! And that’s also my last question for you. So now let’s see what questions the community has for you.

II- 5 question from community for Symbiosis Finance

Diana K : So, how many questions should I answer?

Cherry : You will choose the 5 best questions to answer them

Diana K : Gotcha

Cherry : Ok! I will open chat!

Member Delicia Foster: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Diana K : [In reply to Delicia Foster]

Oh, we have a lot of local chats! https://linktr.ee/symbiosis_fi

Member Quyền Nguyệt Cầm : How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project? @catsareeverything

Diana K : [In reply to Quyền Nguyệt Cầm]

Now we have more than 50 team members. Let me tell you about the main ones!

Will Kamalov is our CEO with a background in blockchain technology. Before founding Symbiosis he was a managing partner at SDT group where he launched several blockchain businesses. He also participated and consulted in various DLT projects on a governmental level. It was through working in this sector that he saw this opportunity.

Alex Lushnikov is our CTO and has over 5 years of experience in the crypto industry. He also consulted on various successful projects. Before that, he was also head of engineering at the SDT group.

Nick Avramow is our CMO and a real blockchain addict. Before he joined forces with Symbiosis he led a marketing team of the instant swap exchange ChangeNOW.io. He also consulted in a German exchange called trustody.io and helped shape the early marketing funnels of a Swiss-based exchange called Aximetria.com. You could say he understands the market.

Member Al Lan Wolf ($PACK : Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Diana K : [In reply to Al Lan Wolf ($PACK]

First and foremost, at Symbiosis, we use the classic AMM pool model without the need to pair every token to our native token. None of our competitors even comes close to doing what we do 💫

Secondly, we essentially allow any token on any connected chain to be swapped to any token. In one click, without installing additional software 🌟

Last, but not least, we bring better capital efficiency for end-users (less price slippage) and liquidity providers (less impermanent loss) 😜

We are kinda cool kids 😎

Member DD | Prudence ♥️ Ponce :Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us? @catsareeverything

Diana K : [In reply to DD| Prudence ♥️ Ponce]

Yep! We have a really cool YouTube channel: https://www.youtube.com/channel/UC0PQJkvvIBf-sJHC6kKdOjg

Member Milligan AK94 : Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?

Diana K : [In reply to Milligan AK94]

Security is the most important thing for us!

There are no risks for the user in using the protocol in terms of guarantees of saving funds, all AMM logic works on audited smart contracts with predictable calculations of conversion rates in advance; the logic of cross-chain interaction, which is implemented in the form of on-chain smart contracts, is transparent and is also audited by several independent experts.

The relay network does not have direct access to the user’s funds at the time of transfer, but only forwards messages between blockchains. In case of exceeding the timeout of the relayers, the user can always perform a refund operation (revert).

Cherry : Thank you for your presence and sharing in today’s Ama session. I believe that after today’s Ama, the community has a better understanding of the project. @catsareeverything

Diana K : Thank you! 🌟

Cherry : Town Ventures wishes the Symbiosis Finance project more and more development and more success.

Diana K : It was nice to be here today ❤️😜

Cherry : Thanks so much. You too

Diana K : Bye-bye, cuties!

Cherry : Ok, Ama Finish . Ok,bye bye !🌹

SYMBIOSIS FINANCE

Website Symbiosis Finance ( https://symbiosis.finance/ )

Twitter Symbiosis Finance ( https://twitter.com/symbiosis_fi )

Telegram Symbiosis Finance ( https://t.me/symbiosis_finance )

Discord Symbiosis Finance ( https://discord.com/invite/symbiosis )

Linkedin Symbiosis Finance ( https://www.linkedin.com/company/symbiosis-finance )