Here is what has been discussed during
Saturday 3rd April 2021 AMA.
Martin Ploom : Let's start with general updates:
- Our next version of Beta will be deployed on Monday
- It will contain the Smart Contract adjustments based on the Security Audit too
- Our focus is now only on defects, and we are little bit reluctant to add more features into the Beta now
And we started with our Liquidity mining campaign in Loopring
We can see that the liquidity in the Loopring AMM is increased - there will be 1500 SMARTCREDIT benefits pro-rata between the liquidity providers.
Let's consider the high gas costs in the Uniswap - the Loopring offers there a very reasonable alternative - it's the 0-gas fee AMM's and 0-gas fee orderbook.. We have been discussing internally that we should relocate some liquidity from the Uniswap into the Loopring too.
Practically our community has now 3 alternatives:
- Uniswap (with high gas fees and a lot of liquidity)
- Loopring with 0-gas fees (and less liquidity than the Uniswap)
- Bittrex Global as a CEX (for non-US)
Btw, the Loopring token - LRC - is supported in the Release 1.1 too
OK - that's for general updates - please - ask us some questions!
Let me add more infos
Our Marketing Program for the Release 1.1 Launch is mainly prepared. We cannot go into the details, but it will be visible at the Release 1.1 launch
Question : Is KYC required for getting crypto loans ?
Martin Ploom : KYC is optional on the platform, but it will improve the Borrower's credit rating
Question : Is there an exact release date of 1.1?
Martin Ploom : It will be after the Ethereum Mainnet Berlin upgrade on 14th of April - let's wait till the Mainnet stabilizes after the upgrade and we will Launch then!
Question : When audit results will be announced publicly?
Martin Ploom : The Auditor is preparing now the final report and we will share it in the community as soon as we have it. This should be in the next week.
Question : Will there be some special Ama tomorrow in Bull Crypto Team channel? I saw they were advertising it
Martin Ploom : Yes, we are doing tomorrow AMA on the Bull Crypto channel - we will post the twitter / ANN channel after our AMA (for avoiding confusions with our regular AMA). The Bull Crypto AMA will be in the BullCrypto channel tomorrow (Sunday 4th of April) , 18:00 UTC
Question : What is your next plan for Q2 and Q3 this year?
Martin Ploom : Our focus is going into the Release 1.2:
- Adding more benefits for the Borrower
- Adding rewards and staking of SMARTCREDIT
- Reducing gas costs
- And more integration options
Practically our todo-lists for the Release 1.2 are ready, we have to roll over the team into the Release 1.2 after the Launch of the Release 1.1
And additionally, our aim is to create public Crypto Credit Score Component.
There are just 2-3 companies, offering the Crypto Credit Score. Well, our advantage is that we have the Credit-Score module and we are using it too
. The next step is to make it available to all (for some SMARTCREDIT as fees)
Question : Do you have a solid marketing plan after 1.1 is released? I see a lot of useless projects get a lot of hype but Smart is actually a useful tool and well worth the hype.
Martin Ploom : We have the Release 1.1 Marketing Plan prepared.
But let's say so - Our focus is not on hype but on product and users. Users deserve great DeFi experience. We are here for the long play and not for some volume pumping or token shilling or massive ad campaigns. We are here to get the users into the platform.
Question : I saw few comments concerning changes in Smartcredit team. Any comments?
Martin Ploom : We have had some internal repositionings. Our focus is and will be always on the delivery.
Question : Will there be a mobile friendly site if people don’t have the app?
Martin Ploom : Our new version will much more mobile friendly than the old one. However, we do not have yet the Wallet Connect integrated. This will come with the Release 1.2
Question : Is it useful to test betatesting anymore or do we wait defect fixing and release now?
Martin Ploom : We will publish next Beta version on Monday, let's run final tests, let's run the "happy flows", let's run the "less happy flows".
We updated User Interface for the Borrower - to make it more easier for the Borrower - let's test this too!
Question : What will you do to control dump token price? Because we already seen little dump and If price so much dump people loose their faith on that project.
Martin Ploom : Which dump? If we look on the CoinMarketCap, than we see this:
Let's take long term view. There are always some fluctuations up and down. The same applies on Bitcoin and Ethereum. The key is the utility to the end user - is there utility or is there just a token hype.