AMA RECAP BIRD MONEY TEAM #21

Thank you to the Bang Pateng Community for participating in Ask Me Anything (AMA) with Bird Money Time on November 23nd, 2020. This guest star Mr. Principal. If you were unable to join the live AMA, no worries, here comes our 21th AMA recap!

We are glad to meet here:
Mr. Simba – Dev of Bird Money Team

Introduction Session

Host :
Hello @birdcarer & @Simba202000 Welcome to the Bang Pateng community, It’s an honor to invite you to our community

Simba :
Thank you, my honour to here

Host :
ok, Before we start our first session can you introduce yourself, your background and your team if you have a team working with you on Bird Money Team
@Simba202000

Simba :
Sure..

I am Simba, king of the defi jungle. I am a software developer, investor, and blockchain enthusiast with 15 years of industry experience in the fintech and digital forensics industry.

I work as part of the bird money dev team

Host :
amazing, very long experience. So that we can meet at tonight’s programamazing, very long experience. So that we can meet at tonight’s program

Simba :
the team consist of 4 dev, some remote others full time, 2 designers, fintech experts, digital forencis engineers and data scientitist.

Plus community managers, marketers and ofcourse our community as a whole

Host :
Thanks for sharing your background. Good. AMA let’s get started.

Well we will continue to the first session, in this session I will give a question about Bird Money Team, if you feel you have enough to give an answer, you can say “done”.

Simba :
Okey

SESI 1 (Poject Introduction)

Q1. Can you introduce Bird Money Team to our community?

Simba :
Bird Money is an open and inclusive monetary ecosystem built on the Ethereum protocol. Bird.Money aims to create an Off-Chain Oracle Data analytics platform for the Ethereum blockchain, connecting outside organizations, and investors to the Defi market with low risk. We aim to launch several components to achieve this namely, Bird Non-Custodial Loans, Bird Analytics, and Bird Farm.

Lack of trust with transacting partner is a big issue for both investors looking in from the outside and even trading partners within the defi ecosystem.

We aim to solve this by being the goto sector for verifying any ETH blockchain address, or account.

We aim to the be the Experian of the defi industry so to speak.

Q2. What are the core features of Bird Money Team? How are you different and unique from all other projects out there?

Simba :
Our off chain Oracle analytics solution will be our core ffeature that will build up to other interesting projects. All our roadmap milestones are important to us and the community, but if I am to narrows it down to the key few:

📍Launching the $Bird Off-Chain Oracle platform
📍Release $BIRD Yield Farming
📍Integrating $Bird Loans with Compound, AAVE and Oracle Analytics guarantee
📍Cross chain collateral on Bird Loans

Q3. I saw that Bird Money Team has its token named $BIRD, can you explain what the token is $BIRD? What benefits can we get if we hold tokens $BIRD? And how to buy?

Simba :
$bird token is the fuel to run the bird.money ecosystem.

$bird will be well integrated as a utility token for the ecosystem and with our plans to reduce supply, holders will benefit from the ripple effect of scarcity …

Q4. Nowadays Farming or staking is very popular. Have you provided your Farming or Staking Facility to $BIRD Investors? if you have, can you explain how to staking and farming $BIRD?

Simba :
If you look at our our roadmap, we aim to use part of that liquidity not just for farming but also for the bird+ programme.

We have calculated the interest against the length of tokens being borrowed and anticipate 20% liquity will be enough to fund the programme and the yield farming

our roadmap milestones show release of $BIRD Yield Farming

Q5. Could you please explain, what are your upcoming plans in a couple of month/years?

Simba :
The below list hghlights our RoadMap Milestones:
📍Launching the $Bird Off-Chain Oracle platform
📍Release $BIRD Yield Farming
📍Integrating $Bird Loans with Compound, AAVE and Oracle Analytics guarantee
📍Cross chain collateral on Bird Loans
📍Bird Community Governance.

We are currently hard at work to release most fo the features mentioned above by the END of this years. You can find ongoing development work here on our GitHub https://github.com/bird-money, some of the repo are private but will be made public as soon they are done being audited. Read more about the roadmap here https://medium.com/bird-money/bird-money-road-map-e4bdf0a011f6?source=friends_link&sk=818de62b8f94da659c9db5f3973f0b05

Question from Twitter

Volatility nature of crypto is one of the major gap that discourage people from borrowing crypto assets, 1 ETH that worth $350 at the time of borrowing could worth $500 when it's time to pay back. How does Bird Money aim to address this issue with it lending instrument?
— Kevin Daveri (@Kvindvr) November 21, 2020

Simba :
bird.money + is a service we will be launching that provides information about loan applicants or customers to reduce the risk of default to investors. The more

information provided by the borrower, the less collateral needed to borrow and more funds available to be borrowed.

We have calculated the interest against the length of tokens being borrowed and anticipate 20% liquity will be enough to fund the programme and the yield farming

The return of bird equivilent to the amount staked will be using a similar novel pattern to the bird+

Bird = Amount to borrow + Transaction History / Amount to lock up

Example with transaction history, and amount of Bird tokens available to borrowers

One of your roadmap is launching Bird Analytics Oracle platform. What is the main advantage using this platform especially for investor?Does it simplify things for providing loans comparing to other similar crypto loans service?
— Gan En Roses (@RosesGan) November 20, 2020

Simba :
One of the reason I believe DeFi is having such a hard time is lack of information about the customer or entities behind the use of this services. Bird.Money analytics expertise aims to treat DeFI customers address as a form of ID, that can be used to give both external and internal investors a peace of mind on who they are transacting with, what is that persons track record and if they can trust them or not.

build more on this, make ETH address even more powerful by feeding information about past transaction history, bird rating, https://app.bird.money/ to smart contracts all over the eco system. We want to be the goto place for all blockchain systems to know how trust worthy is an ETH address.

Some of the advantage to investors includes some of the exclusive features available to only token owners, Some of the features available include ETH account analytics POST and GET endpoints. Other features such as account account blacklist, Oracle integration with google search, on-chain and off-chain equity measurement, on-chain and off chain assets measurement will be released in the next coming weeks.

Ref the answer above, we aim to make use of the BIRD token as the utility token for the eco system for both the bird+ programme, bird loans and the off-chain oracle analytics platform.

Every token will definitely experience an unusual situation, maybe the price suddenly drops, so that the token has no price. How do you overcome this
— Gratiskok (@Gratiskok4) November 20, 2020

Simba :
We have a lot of safe checks for our programmes, emergency fund allocation, and the continued development of the ecosystem to support ongoing adoption of the platform and boost the token value over an extended period of time.

You are just planning to use Oracle Analytics Off-Chain to help reduce the risks faced by investors, so what are you currently using to reduce investor risk and why in the future do you choose Oracle Aanlytic Off-Chain? is it really safe?
— Wahibur04 (@wahibur04) November 20, 2020

Simba :
Oracle off-chain analytics is the the missing silver bullet when it come to smart contract functionalities. For example compound lending platform will collect all your collateral when you borrow a 60% of your digital asset. This funds will only be returned back to you after you pay everything you borrowed irregardless even if you payback 99.9% of the funds

Oracle analytics allows the smart contract to monitor users activities off-chain and feed the information on-chain to either release part of the collateral, reduce interest for both borrowers and investros or even increase the amount of Bird tokens a user qualifies for.

Many deficiencies are just fraud, when their presalle is active but after the presalle is finished they disappear, then is there any guarantee for investors that the project will continue even though someday Birdmoney has experienced a very deep price drop?
— d1rm4n (@d1rm4n1) November 20, 2020

Simba :
We are personally investing in the project as we believe in what we are building, it will be stupid of us to say anything is impossible in the world of Crypto but we pretty confident in what we are building here and bird is here to stay for the long run. Team shares tokens will be locked for 5 years as a form of guarantee.

Our external partners will also be here to support the growth of the platform right from the early current stage to an independent level where we pass on the governance key to the community.

Question from Telegram

@Geistzer
Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world?

Simba :
Our project is more about value to the blockchain community which we believe will benefit and reflect on token prices .

A believe a project that sustains itself is a project that can yield income from its services rather than just tokens. We are building a project that can yield income for itself to sustain the ecosystem .

@starshades007
Which area are you focusing on at the moment? (DeFi, Stake,Dapps..) and what is your goals in this year ?

Simba :
Defi : This year we will be releasing our off-chain Oracle analytics tool.

@jerryziz91
How will the demand for BIRD token increase in the future? What should you do to increase Bird Money demand? What plans do you have in regards of marketing?

Simba :
We have an extensive marketing budget spread out across the early scaling stages of the programme, we are confident that the quality of our product will do most of the marketing for itself
We have various showcases, AMA session, high profile deFI influencers interested in partnerships and planned for the rest of year, during and after the presale rounds. With the next Presale Round 2 schedulled for Monday 23rd Nov. Join the waitlist here so you dont miss out https://www.bird.money/

@evade12
What makes you feel confident about the survival & sustainable success of Your project in the near future?

Simba :
Our project is more about value to the blockchain community which we believe will benefit and reflect on token prices .
We believe a project that sustains itself is a project that can yield income from its services rather than just tokens. We are building a project that can yield income for itself to sustain the ecosystem.

@ndbetting
Can you tell us how do you plan to get more adoption to Bird Money and how do you generate revenue from your technology and platform?

Simba :
Initial features of the API would all be free to organisations, developers and the whole community. After the $BIRD sales, only customers with $BIRD token will have access to the premium services such as Smart Contract Analytics. Smart Contract analytics will allow our community to gain unrivalled intelligence about a token or farm just by simply pasting the smart contract address, more details about this will be published soon.

read more here: https://www.bird.money/docs