we hosted an amazing AMA with STASH on the 10th of June
And here we will put some of the best questions:
Q1. Can you please introduce yourselves as well as STASH?
I am Oliver Maratos I am the CEO of STASH, I have been in business since a very early age in many sectors including digital media, property, sports and I am also a charity auctioneer. I was first exposed to blockchain technology back in 2015 I was the CSO of a blockchain development company digitizing gold on the bitcoin blockchain. Just recently I got more active in DEFI after the crash of WONDERLAND I had an opportunity to launch a new protocol that was safer and more robust than the old OLYMPUS forks.
This is where STASH was born, from the death of WONDERLAND and OLYMPUS, we studied all the mistakes and weaknesses of the OLYMPUS codes and launched a SAFUU fork with a strong utilities based business model.
STASH is an auto-staking, auto-compounding platform with a high APY of 409k% for the first year and approximately 200k% thereafter. STASH is a utilities based business model, developing a metaverse called STASHCITY which will be more of a business hub, attracting projects and partners to launch their projects from as well as incorporating fun and entertainment with P2E games, an NFT Hub and 24 hour parties.
STASH has a 13% buy tax and a 16% sell tax, these taxes loop back into the protocol, feed and service the APY and the price making it more stable and sustainable. So although these taxes may sound high they are in fact the only way that these APYs can be generated and sustained.
STASH is the only defi company to have an official bank strategic partnership. STASH is official international onboarding agents for ASIA DIGITAL BANK. You can apply for your digital fiat+crypto bank account right now through STASH website, and we will be launching our pre paid crypto credit cards in 2023. This is a unique partnership that no other defi company has yet managed to achieve.
Q2. What are the advantages of Your project ?
High APY and high yield is of course the most attractive aspect of STASH 409k% for the first year and circa 200k% thereafter. However, it is the enhanced safety features that we would consider the biggest advantage of STASH.
STASH is self-sufficient, self-sustaining and as automated as possible. STASH has addressed all of the old issues with previous defi protocols. The buy and sell taxes with the effect of compounding make this APY possible and help to curb inflation and promote sustainability. The utilities we are building on top of the protocol such as the metaverse, the P2E games and the business center to launch new projects will provide useability for the token as well as continuous new opportunities at the earliest stage in new projects, new tokens and new launches. STASH Token will be the native currency of the Metaverse and it is only through utility susvh as this that true sustainability and stability can be generated. We are not just a gimmick, hype driven company we are fully development and utility focused.
The liquidity is fully locked and there is no treasury so there is nothing to rug. I cannot guarantee how successful or profitable STASH will be, that’s totally up to the market how the market responds and how the market uses STASH but I can guarantee that STASH will not end in a rug
I am fully KYCd and we are currently audited by solid proof although we are going to approach CERTIK now that we have launched and are live.
Q3. please tell us about the goal you want to achieve in this year.
We have just launched only 8 days ago, so far we are very happy with our achievements, we are the first and only defi company with a bank partnership able to offer digital off shore bank accounts to our community. This is unprecedented, unique and a huge step forward for the whole of crypto in general. We are bridging traditional finance with the world of crypto, something most crypto companies can only dream of achieving.
We have also just secured a huge billboard in Times Square New York it just went live 2 days ago and will be on display for an entire month.
However over the course of the next year, we want to expand our community obviously and strengthen the protocol. We want to release our first P2E games and release the first version of STASHCITY.
We will also release our digital pre paid crypto cards with our strategic partners Asia Digital Bank.
Most importantly we want people to take advantage of our first years APY build an army and create trust, market confidence and generate passive income for everyone.
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?
STASH was born from the ashes of WONDERLAND and OLYMPUS. I was asked to join a reserve currency protocol back in march this year during the wonderland scandal and the crash of the Olympus forks. I looked at this company and it was truly amazing so I agreed to help. I did try my best but unfortunately the entire reserve currency model died. Nothing survived the WONDERLAND and Olympus crash. However I managed to acquire the dev team and a lot of their technology they had already started work on. This is how STASH was born. The name says it all, everyone needs a stash of cash and especially a decentralized one away from centralized structures of control and power.
Our dev team is the best I have ever seen all experts in their fields, you can see their bios and more aboutr their skills on our website stash.capital. There are 4 main Devs with vast experience in building all types of blockchain related projects including yield farms and DEXs for example. An entire gaming studio, NFT artists and full spac devs.
Stash also has its own exclusive Crypto marketing company which provides vast experience and knowledge in successful crypto marketing campaigns, ConnectCrypto Marketing
Q5. DeFi is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on DeFi with us? Do you think DeFi will disrupt the current financial system? What is Your project’s approach to the DeFi sector?
I believe DEFI will change the world, I am truly decentralized and believe in the true meaning of decentralization. I think decentralization nowadays is a buzz word that is thrown around all too easily and has lost all its meaning. Decentralization should mean that no one controls it and there is no single point of failure. But that’s just not true anymore, CEX require KYC and there are definitely individuals in control, that’s why there are so many scams and rug pulls.
So for STASH we really want to get back to the true meaning of decentralization we have made everything as automated as possible. As rug pull proof as possible, as safe as possible and fully in the hands of the market.
Defi will revolutionize the financial world and only with decentralized finance can we achieve real freedom.
And here we will put best questions from our members and STASH fans:
Q1. Many projects every day promise great utility and functionality, but they end up throwing away the carpet a few days after the pre-sale, How do you really know that your project isn’t going to throw away the carpet? What guarantees do investors have?
We are a fully doxed team, I am fully KYCd and we are audited. But more than this people should look at the protocol itself, its self-sufficient, self-sustaining, the fate of STASH is fully in the hands of the market, our liquidity is locked so cannot be rugged, there is no treasury and the buy & sell tax goes back into the protocol, back to the community, feeding the system, making it possible and sustainable, and above all else safe.
Our objective is STASHCITY and this can only be achieved through the success and the integrity of the protocol itself. Our future, our success and our fulfillment is in the hands of the users.
We also have a bank partnership and we are releasing our pre paid crypto debit cards next year. We have a lot to look forward to and a lot of credibility.
Q2. To increase the value of tokens, it is necessary to use certain mechanisms, everyone calls them differently: buyback, burning of tokens, and some project even call it Black Hole! So, what mechanisms do you use for increasing the value of your token? can you tell us about them?
Yes indeed, this is the most important question. As I’ve mentioned many times our protocol is automated, self sufficient and self sustainable and heres how. The buy and sell taxes are 13% and 16%.
So from the buy tax 13%:
4% Goes back into the liquidity in other words it automatically buys more stash
5% goes to a safety fund which can only be triggered in the event something detremental and drastic occurs like a market crash, whale manipulation or anything else that may cause damage to the price or the protocol or anything overlooked.
2% is automatically burned which means it goes to a dead wallet
2% goes to us the company to use for development, expansion, salaries, project investment or any other necessary business expenses, again it is these utilities we are developing that provides useability and sustainability to STASH so even this serves the community.
As you can see from this our protocol is the latest and safest on the market and has been designed taking into account all the mistakes and problems of past protocols and other defi projects that have come and gone before. We are the ultimate evolution of DEFI
Q3. STAKING is one of the strategy to attract users and hodl them and long term. So, does your project have staking program? If so, can you tell us how can we stake in your platform? How high is your APR? And is there any specific amount to stake?
STASH is auto staking auto compounding. So all you have to do is own STASH and hold it in your wallet and it is automatically staked and compounding. We have made it very easy and very simple.
Simply buy stash on TRADERJOE using AVAX leave it in your wallet and it grows automatically, you don’t have to do anything
Our APY is fixed at 409k% for the first year to attract new users and help us build and grow a strong community. After the first year it will automatically reduce to around half so 200k% APY after year 1
Q4. What’s your vision ultimately? What is project trying to achieve in the longterm and how do you plan to get there? How will your ultimate vision and mission make a difference in the world?
Our main vision is the METAVERSE STASHCITY, this is the long term goal. STASHCITY will provide fun, entertainment and above all else new opportunities, STASHCITY will incubate projects which our community can then invest in. STASH will be the native currency.
The way we want to make a difference in this world is by providing people with another form of passive income, a way to pay bills and put food on the table away from traditional centralized forms of government and power.
Q5. We all know that DeFi is currently one of the most hotly debated and sought-after subjects in the blockchain world. Is it possible for StashOfficial_ to express their ideas on DeFi with this group? What is the attitude of the StashOfficial_ area to the DeFi sector?
DEFI is the key to true freedom. Freedom from oppression and enslavement from traditional systems. We need decentralized governments, decentralized, health care, decentralized education, decentralized power but non of these can ever be achieved without first having decentralized finance and decentralized sources of income and revenue. The only way to break away from traditional chains of power and governance is to create alternative forms of finance. Only with financial freedom can people take back their power and achieve real freedom in every aspect of life.
We are on AVALANCHE chain you can buy STASH using AVAX on TRADERJOE. We only launched 8 days ago our price is still attractive. Avalanche is a very fast growing chain
Avalanche is 4th largest chain
Avalanche is similar size and users to BSC
Avalanche has more of a community spirit minded users
We are unique on avalanche we are the only such project on AVAX. We are the highest APY on AVAX
We had the balls to launch in a bad bear market, most presales in the last 3 weeks have not even hit soft cap and failed to launch. The fact that we almost doubled our soft cap in a bear market speaks volumes for STASH and we are confident in the future.
If we can successfully launch as we did, in such a bad market then we are bullet proof and capable of anything. Much higher chance of succeeding long term
Q6. I read that users can store their STASH and other cryptocurrencies, convert them into fiduciary and spend them with the prepaid credit card, but will these cards really be linked to a traditional bank of a specific location? Or could it be used in any locality?
Any location currently the digital bank account you can hold many fiat currencies like USD and CYN and HKD and right now only 2 stable coins USDT and USDC but the range of cryptos accepted will increase over time hopefully to hold STASH too eventually
Q7. Are you a global project or a local project? Right now, what market are you focused on, or is it focused on building and growing to win customers, users, and partners?
Q8. Do you agree that community is a key factor for the success of the project? Knowing that the project has had quite successful phases, but with future plans do you have plans to benefit some communities coming soon?
Priority now is growth and outreach once we have a community that is dependant on STASH we do plan on bringing more democracy to thge platform and giving the community a voice
Q9. The APY on the STASH token is $409494.5 percent. Auto-staking protocol is available, as I said. What is the mechanism of action here? Is there no risk of liquidity with such a high APY? How will you manage the whale in order to protect small investors?
Our protocol uses the buy and sell tax to sustain the apy and the price fromthe taxes almost all goes back into the sytem and back to the community making it possible to generate high apy and sustain. of course the success of the project is down to the market and how they use it, we can only support the project with marketing and building utilities on top
This is one way to regain losses from the market crash. we are on avax this is a fast growing chain with more of a community mentality. AVAX needs this now more than ever. DEFI will succeed I just hope the time is now and that stash is the one that breaks the mould
Q10. Can you explain how your Tokenomics is distributed? How many tokens will be minted? How many tokens will the team lock in your project?
we are an inflationary token ,meaning we are always minting. Our tokenomics are that there was no preminting only 300,000 tokens for the presale on pinksale apart from that the whole team has to buy like everyone else through traderjoe, we have no pre minted tokens
And this was the end of our AMA with STASH.
You can find us here:
Telegram Community :https://t.me/StashOfficialGroup