we hosted an amazing AMA with Joltify Finance on the 26th of January And here we will put some of the best questions: Q1) Can you please introduce yourself as well as Joltify Finance ? I am George, co-founder and the director of Joltify, got the doctoral degree in Cybersecurity, I have more than 3 years working experience in crypto. Previously, I was the chief cryptographer in another popular blockchain project which currently ranking top 60. JOLTIFY is a unique, custom-built, Cosmos based blockchain technology that aims to bridge real world assets to the decentralized finance world. JOLTIFY is designed to amalgamate the immense amount of liquidity in the crypto world to real world financial assets. Thus creating seamless synergies between the DeFi and traditional finance world. Q2) What are the advantages of Your project ? Let me introduce some killer features of the Joltify compared to other projects. 1.Evolving traditional finance. 2.Deflation (meaning traditional inflation is not an issue for our coin). Our Token gets rarer every time there is a transaction happened 3.Providing liquidity for real world projects 4.Only blockchain project that bring the real world project to the defi⚡️ Q3) please tell us about the goal you want to achieve in this year. In the early 2022, Our plan is to get legal infrastructure settled to bring the real world asset to the defi world and deploy the Joltify mainnet. In the second half of 2022, we plan to bring between 10 million to 100 million RWA (real world assert) projects to Joltify. Q4) Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background? As previous said, I got the doctoral degree in Cybersecurity, I have more than 3 years working experience in crypto. Previously, I was the chief cryptographer in another popular blockchain project which currently ranking top 60. We have another founder who gets his PhD in ICT and has various experiences at the board level, whilst also held executive positions in several firms, including being an executive director of a VC firm. We have a team of talented and experienced programmer like Eason and high skilled social media experts like John and Gary. Eason has won various hack-a-thons and has a considerable amount of experience in developing blockchain technology. We foresee the high demand in the real world assert of utilising the liquidity from the virtual world. That is where Joltify stands. We then decide to contribute our expertise both in crypto and the connections/expertise in the real finance world to bring the system that can bridge the traditional finance to the crypto world. Q5) NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is Your project's approach to the NFT sector? We utilize two very important concepts in blockchain to work in our projects. NFT and Defi. Our NFTs will be primarily utilized in relation to licenses and certifications, essentially used to outline ownership in the crypto world and merging use cases between DeFi and real world projects. We give a high-level description of how the verified investors can lend the money to the project. Three different users cases have been set up to demonstrate how capital raising and lending works in the JOLTIFY network. 1.In order to utilize the liquidity in the crypto world, the project needs to sign a contract with the SPV to agree on the amount of the money it wants to raise, as well as the interest the project needs to pay and the length of the lending. 2.The SPV will then list the lending request on JOLTIFY chain stating the details of this project. 3.During a specific time window, the verified investors sign the contract with the SPV to offer the liquidity for this project. 4. The tokenized document (NFT) is minted and transferred to the investor. And here we will put best questions from our members and Joltify Finance fans: Q1) Do you consider that Joltify is that key piece to create a closer link between the real world and DeFi? What do you think is the reason why DeFi could not resolve this point directly, could the NFTs, other illiquid assets now be received as collateral for the granting of loans? Now there are two world working in parallel. One is traditional finance world. Another one is DeFi world. In the DeFi world, only crypto coins can be used as collateral as the loan. However, there is a huge market in the traditional finance world unfulfilled. The DeFi world market cap is tiny compare to the traditional finance world market. The global market opportunity for SMEs (Small and Medium-Sized Enterprises) credit is estimated to be $8 trillion, but more than half of it goes unmet. Global trade now faces a $3.4 trillion financing gap according to one CNBC article. Q2) JOLTIFY provides a fixed APY return. This is very exciting and beneficial to investors, but will the APY remain constant as more investors join the project, or should we expect an increase or decrease? The beauty of Joltify is the real world asset finance in the chain is fixed APY. It does not change during the period of the loan time so give investors peace of mind, stable returns correlated with stable coin. Not volatile like other coins which may seems to have a good APY, but the return is determined in unstable coins. Q3) Is Smart Contract has passed all the Secuirty Audits , Will you tell us Which Auditing Company has Audited it ? Yes. Our codes are still in development. But so far, our smart contract codes has been audited by one of the leading security firm Certik. In future, we will also have third party to review our code regularly to ensure our code meet the high quality and our system is reliable. Q4) Partnership is always an important factor for Every project. So who is your partner? What are the benefits you get from those relationships? Great question. In terms of bring real world project into defi. The partnership in the real world projects is really important. Even before the IEO, we already have one flagship partner, GRN Built. Hear what their Director, Will Ireland, says below: “Will Ireland, Director of GRN is excited to be launching his projects as part of a collaboration with Jolitfy platform. GRN is a property development and building company focused on projects which will ensure the world’s future and Jolitfy is at the cutting edge of decentralised and blockchain. This partnership will allow people who otherwise may not have the opportunity to participate in such exciting projects in Australia and conversely for GRN to have exposure to a much more diverse array of investors.” One of our core objectives with Joltify is to allow everyone equal opportunity when it comes to investing in projects, rather than it being exclusive to only those who come from money and affluent backgrounds. With Joltify, you’ll be able to use your crypto liquidity to invest in projects, regardless of how many millions of dollars you have in your bank account. GRN Built is a highly reputable, boutique developer based in Victoria, Australia. Their projects range from $1,000,000 upwards of $5,000,000. For us, this is a strategic partnership, we are delighted to be working with a longstanding, reputable company. It will also allow us to showcase our proof of concept to the rest of our community and the crypto world. This is an imperative stepping stone on our pathway to be taking on significantly larger projects. Q5) The idea of project is really unique and incredible, how did this idea come about?Do you have a coin burn / buyback system or do you plan to increase the value of those token burn tokens and attract investors to invest? Jolt is a deflationary token. Every time there is a transaction happen in Joltify. Some percent of the Jolt will be burnt. Q6) Why did you choose BSC for your project? Is there any plan to add more blockchains in the future? We choose BSC just for our JOLT tokes, as the BSC chain provides a low tx fee. Once our own chain is ready, we will bridge the BSC to our own Joltify chain thus allow funds moving from BSC to JoltifyChain. As we build our joltify chain on cosmos, we will take advantage of the cosmos IBC to bridge to more chains in cosmos ecosystem. Q7) From which network can I get your token? (1)Smart Chain (2)Tron (3)Etheriam (4)Polygon (5)Others Or any other network? we will have our IEO on 3/Feb on probit global. we have discount on the Joltify IEO and we encourage you to purchase the tokens there. After the IEO, we will have the pancake pool ready for users to swap the tokens. we will also have two staking pool (one pure JOLT pool and one JOLT-BNB pool)ready for the inestor stake their tokens in the pool to support our porject. Q8) Are you planning to burn tokens to increase token value and attract investors to invest? So, what are your future plans with Tokens? Yes. We do burn the tokens. Jolt is a deflationary token. Every time there is a transaction happen in Joltify. Some percent of the Jolt will be burnt. Q9) Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future? We utilize two very important concepts in blockchain to work in our projects. NFT and Defi. Our NFTs will be primarily utilized in relation to licenses and certifications, essentially used to outline ownership in the crypto world and merging use cases between DeFi and real world projects. Q10) On January 24th, you tweeted "Who's excited for our IEO?!" So when will the IEO (Initial exchange offering) be held? Are there any special Requirements for us to participate in the IEO? Yes. Please give yourself one week to set up an account and go through the KYC process in Probit. The process is very similar to open an account in other exchanges. our IEO date is on 3/Feb 12.00 pm KST time. And this was the end of our AMA with Joltify Finance. If you have any other questions you can ask here: https://t.me/joltify_finance ℹ️ℹ️ Useful links ℹ️ℹ️ Website :- https://www.joltify.io/ Medium :- https://joltify.medium.com/ Twitter :- https://twitter.com/joltify_finance Github :- https://github.com/joltify-finance Discord :- https://discord.gg/8CRSAvueCF