Oct. 29th WaykiChain AMA Recap:WaykiChain x Nhóm VBC AMA session

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Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
Hello @WaykiChainGordonGao , nice to e-meet you at VBC! 😊

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
Thanks to VBC community. Should we begin?

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
First of all, can you have a brief introduction about yourself as well as your project to all of our audience in this community?

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
Im Gordon Gao (Twitter:@GordonGao11), an alumni of Columbia University in New York, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club, currently serves as WaykiChains CEO. Im responsible for offering support to WaykiChains commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with my international background.

Don’t forget to follow our Twitter: https://twitter.com/wayki_chain

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
Now is about WaykiChain, since we already had an AMA before, so i’ll just put some bullet points here

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
Yes, feel free to give us some background knowledge about Waykichain, since there are always new members joining VBC everyday! 😊

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
WaykiChain adopts DPoS consensus and reached 4,500 TPS. We currently focus on DeFi and have launched several products. First, Wayki-CDP allows pledging WICC to generate WUSD. Second, Wayki-DEX allows crypto-to-crypto trading on WaykiChain. And, finally, Wayki-X is the synthetic asset issuance protocol where users can mint and trade synthetic assets.

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
1️⃣ A lot of projects use only 1 token. However in the WaykiChain ecosystem I see many tokens: WICC, WUSD, WGRT, ROG. WaykiChain please introduce more about the use and usage of these tokens? @WaykiChainGordonGao

from @dothithanhthuy88

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
WICC is the underlying asset of the public chain. Similar to ETH, it was originally the most gas fee function. First, WICC is also the basic mortgage asset in the DeFi project.
WUSD is a stable currency issued in the decentralized lending product Wayki-CDP, that is, users can mortgage WICC to borrow WUSD, and WUSD is anchored to the U.S. dollar.
WGRT is the governance token in Wayki-CDP. The income generated in Wayki-CDP will be exchanged for WGRT in Wayki-DEX and then destroyed. At the same time, if the system is at risk, WGRT will be issued to resist the risk.
ROG is the basic mortgage asset of Wayki-X, a decentralized synthetic asset transaction. Mortgage ROG can generate xUSD, and xUSD can trade other types of synthetic assets in Wayki-X.

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
Next question:
2️⃣ Nowadays, we have too many blockchains, so what are Waykichain’s competitive advantages over other chains? @WaykiChainGordonGao

from @freshmilk58

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
I think this is back to WaykiChain’s strategic positioning.
First of all, we are the path of “public chain + upper-level application”, positioning the upper-level application as an integrated DeFi service. With the support of the public chain, we can provide better upper-level applications.

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
The user experience allows users to easily obtain one-stop financial services without the need for multi-platform conversion

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
Now is the next question:
3️⃣ What is the long term/end goal of WaykiChain ? Is the plan to capture the market share of say, Uniswap ? Perhaps a better way to phrase this is what place do you see WaykiChain occupying in the crypto Defi space long term? @WaykiChainGordonGao

from @dtv1907

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
The long-term goal is to incorporate physical assets and funds into the DeFi world. We are now working hard to expand collateralized assets and investable assets. Currently, there is no major plan for a business like Uniswap, but this will also be a focus of us in the future, because it requires WaykiChain, when the DeFi ecosystem is relatively complete and the assets and funds in the ecosystem are diversified.

Our core will always insist on lending and trading.

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
Now is the 4th question:

4️⃣ It seems that DApps developed by WaykiChain are not popular in the market. Do you plan to attract more developers to WaykiChain? @WaykiChainGordonGao

from @SPADE_1

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
At present, WaykiChain’s business focus is not on attracting more third-party projects, but on opening up the self-developed DeFi business, expanding the business scale, and connecting with the real economy. It can be expected that when there is a good scale and the infrastructure is more complete, it will naturally attract high-quality developers to develop more diverse projects.

Cai Melo, [30.10.20 17:22]
[Forwarded from Thai Nhat Minh | Stably]
5️⃣ Recently, WaykiChain just announced that you joined Asia DeFi Alliance, can tell us what are your expected outcomes when joining this network? @WaykiChainGordonGao

from @mrdarkest

Cai Melo, [30.10.20 17:22]
[Forwarded from CEO of WaykiChain — Gordon]
Joined ADA makes WaykiChain be more internationalized, cover WaykiChain’s DeFi service to a wider group of people, provide them with more inclusive financial services, and make the flow of funds and assets more convenient, that is to say, better liquidity.

Website: www.waykichain.com

Twitter: https://twitter.com/wayki_chain

Telegram: https://t.me/wiccofficial

Facebook: https://www.facebook.com/WaykiChainWICC/

Instagram: https://www.instagram.com/waykichain/

Reddit: https://www.reddit.com/user/Waykichain

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