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[AMA Recap] Whirl Finance x BitMart

BitMart

Related type: Others

2021-04-19 22:47

On April 14, 2021, to help BitMart users know more about Whirl Finance and its project, we invited Karen, the Marketing Manager from Whirl Finance, and Mr. Green, the Consultant from Whirl Finance, to join our Telegram AMA and share valuable insights with our community members. If you didn’t make it to the AMA live event, please check our AMA recap below for more details:   [AMA]   BitMart Admin: Q1. Can you tell us your background as part of the team Whirl Finance?   Mr. Green: I'm Mr. Green from Whirl Finance. I work there as a consultant. I've been into Crypto since 2017. I'm also still learning crypto, blockchains, and many other things. And now I'm into DeFi space! Team Flash X and Whirl Finance got me into this project. We come up with a good project concept since their main network is on Binance Smart Chain. Its DeFi economy is growing. And now, I'm here to share and spread the word for a better understanding of Whirl Finance.   BitMart Admin: Q2. Can you please give us a brief description of Whirl Finance?   Mr. Green: Whirl Finance is a MultiCoin Crypto Wallet that securely stores your crypto assets in the most simple and easy way. Truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum, Ripple, and more. Whirl is also on decentralized finance where interests, incentives and earnings are fairly distributed to the users of whirl who avail of our offered services. It’s a wallet, DeFi, crypto-based project and with NFT feature.   BitMart Admin: Q3. As per your roadmap, what stage you are and what can we expect from this quarter?   Mr. Green: Currently, we are in the 2nd quarter of the year. We will launch "Whirl wallet" this month together with our own staking pool, where you farm and stake to earn whirl. We will add a new use case to make sure our whirl users will earn more as well as the project itself.   BitMart Admin: Q4. What is special in whirl finance?   Mr. Green: 1. Whirl Finance will have its own wallet (whirl wallet) 2. Whirl Finance is DeFi 3. Whirl will serve as a utility token as gateway payment (debit card) 4. Whirl will have an NFT feature 5. You can use whirl throughout the ecosystem of whirl finance It is a low mcap project with a big potential to grow and currently, it is developing and very progressive.   BitMart Admin: Q5. Do you have a buyback and burn program?   Mr. Green: Yes, we have a buyback and burn program and it will happen quarterly. Last March 31, we buyback Whirl amounting to 20,000$ and burned it. We showed proof. We burned it so that the team will not dump the bought whirl. We also burned before the unsold and excess tokens. Total burned by team amounting to almost 52M whirl, it can be checked on burn address. The next buyback in Q3 will amount to 40,000$. Whirl as token have burn power of 2% on every transfer, so once you move it, burn will occur. Over 180M whirl was burned and sent to void address. Total burned Whirl are about 230,000,000+.   BitMart Admin: Q6. Does Whirl contract audit? Is it safe or is there any chance of hacks or abuse that can result in rug pull?   Mr. Green: Yes, the Whirl contract is verified and it is audited by Tech Rate Smart Contracts. It is safe, no hack and no abuse. You can check it here: WHIRL Contract Audit    Our liquidity is locked forever and we locked whirl as reserves in future developments. Proofs are here: https://bscscan.com/tx/0x6eb7bf95fbc1509c4e46acbb25b48a455ccfbb09b38e644dfd79bf02ef392bfe  https://team.finance/view-coin/0x7f479d78380Ad00341fdD7322fE8AEf766e29e5A?name=Whirl%20Finance&symbol=WHIRL  https://team.finance/view-coin/0x7f479d78380Ad00341fdD7322fE8AEf766e29e5A?name=Whirl%20Finance&symbol=WHIRL    BitMart Admin: Q7. Why did you name the project Whirl? What does it stand for?   Mr. Green: Whirl Finance is mostly a DeFi and Crypto wallet. As you can see, you can earn whirl and other stable coins throughout its ecosystem while gaining in long term. You will also have a wallet where you can use it as storage, to use it to trade and connect to our staking platform. We will add an extra feature for that. So we decided to make it a logo of whirl, like a whirlwind, it goes round and round and there is no stopping.   BitMart Admin: Q8. Does Whirl finance have a good reputation? Does Whirl wallet will be your best gameplay?   Mr. Green: Yes, Whirl has very good ratings on some crypto news-related platforms. We did rate this one from the feedback of the community as well as investors where also the price of Whirl skyrockets in less than a month. We have many positive good youtube reviews from the Philippines, Iran, India, and Southeast Asian countries. We have also supporters from the West and many more. Whirl wallet will be our gameplay since it follows our strategy to the concept of Whirl as DeFi and as a project. It will boost the project. It’s in the final stage, so once it’s done, we will apply it to Google Store for mass adoption. [Free Q&A]   Question from a Community Member: Q1. Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes?   Karen: The team is all global, with a lot of experience ranging from Marketing, Development, and Design. So we're in various fields, all efforts towards the success of Whirl Finance.   Question from a Community Member: Q2. Can you explain how is your Tokenomics Distribution? How many tokens will be minted? And how many tokens will be locked by the team?   Mr. Green: Whirl as token is a deflationary one with a 2% burn rate. From 1B supply, now down on 751M. There is no mint function, there is no inflation. Only deflation where a token decrease creating token scarcity, thus creating demand. We have locked the liquidity forever by burning the LP.   Question from a Community Member: Q3. Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?   Karen: There's a 2% burning mechanism apply to our project whenever a transaction occurs, BURNing takes place, And this has been working great, you experience if with the Marketing on a daily basis, also we did a buyback a few days ago.   Question from a Community Member: Q4. On moving forward through your roadmap, what are your most important next priorities? Does your team have enough fundamental (Funds, Community, etc)?   Mr. Green: We will launch Whirl wallet and our own staking pool this month. We also apply partnership in Julswap in terms of farming and staking. Yes, we have allocations left for developments. New use case (goods and services including DeFi) and centralized exchange listings.   Question from a Community Member: Q5. What is the most ambitious goal of your project? I would appreciate it if you could share with us any upcoming updates?   Mr. Green: Whirl Team aims to be the top leading DeFi project and a crypto wallet in Binance smart chain. To achieve that is to make it happen and we are doing it. Check our progress on our website since Day 1. Our works in roadmap Q2 is almost finished. [About Whirl] Whirl Finance is a multi-coin cryptocurrency wallet that securely stores your crypto assets in the most simple and easy way. Truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum, Ripple, and more. [Useful Links] - Official Website: https://www.whirl-finance.com  - Whitepaper: https://1d0636a5-9aed-409e-8044-47ecc98472d0.filesusr.com/ugd/ac7f9f_0ec9abeb7daf46b4bd17251f600be7aa.pdf  - Explorer: https://bscscan.com/token/0x7f479d78380ad00341fdd7322fe8aef766e29e5a  - Twitter: https://twitter.com/FinanceWhirl  - Telegram: https://t.me/WhirlFinance