Thank you to the Bang Pateng Community for participating in Ask Me Anything (AMA) with Noob Finance on November 19nd, 2020. This guest star Mr. Principal. If you were unable to join the live AMA, no worries, here comes our 20th AMA recap!
We are glad to meet here:
Mr. Principal – CEO of Noob Finance
Introduction Session
Host :
Hello @principalnoob Welcome to the Bang Pateng community, It’s an honor to invite you to our community
Principal :
Ty! Proud to be here
Host :
Before we start our first session can you introduce yourself, your background and your team if you have a team working with you on Noob Finance
@principalnoob
Principal :
I am Mateo Odin aka Principal Noob. I am a blockstack and NFT developer. I have a team of 3 other individuals including other developers and marketers. I personally have been in crypto since 2013 and most of my team has been in since 2016.
Host :
It’s quite a long experience, so we can meet at this event👍👌
Principal :
Exactly, all the stars aligned!
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 Noob Finance, if you feel you have enough to give an answer, you can say “done”.
SESI 1 (Poject Introduction)
SESI 1 (Poject Introduction)
Host :
Q1. Can you introduce Noob Finance to our community?
Principal :
Noob.finance is a NFT/Defi project. Its name comes from the fact that we want everything to be simple to use, so that new crypto users can get involved with complexity of Defi, but also the fun of NFTS.
We are building out a line of collectible NFT cards called “Crypto Kids”. Each Crypto kid will identify a Popular figure in the crypto space, such as Satoshi, Vitalik To name the biggest. We are releasing the WORLDS first NFT upgradable smart contract in a few days.
That will allow users to take these collectible cards and TRADE UP/upgrade up to Crypto Teens and Then Adults. Crypto Kids can ONLY be obtained by HOLDING NOOBS, but to obtain a Crypto Teen or Adult you have to upgrade using that particular card.
This is going to create some interesting trades and potentially make certain cards more valuable as their crypto kids are removed from the market or STAY in the market. It will be entirely up to the user base to decide this. We are also building out a custom NFT marketplace/auction house that will be easy to user and compete with opensea.
The DEFI side of $NOOB is a secondary option to give $NOOB another utility that allows users to stake liquidity provider tokens to earn more $NOOB using the GYSR platform. In the end, we are a all-in-one defi/nft project.
Host :
Q2. What are the core features of Noob Finance? How are you different and unique from all other projects out there?
Principal :
So lets start with this. There are MANY DEFI/NFT projects out there. We are different in many ways, but here are a few KEY and unique features. Firstly, we ran a incredibly small presale. This was to show the community that we were not GREEDY and were going to build this project on our own dime, because we believe in the long term of it. We have two CORE features that makes our NFT project different. Firstly, we are building out Crypto Kids, we are the FIRST to do this.
Secondly, we have built out a AUDITED NFT upgrade smart contract, the FIRST of its kind, never been done. These are the key features that gives us a unique advantage in this crypto sector.
Host :
Q3. I saw that Noob Finance has its token named $NOOB, can you explain what the token is $NOOB? What benefits can we get if we hold tokens $NOOB? And how to buy?
Principal :
So ive already explain what noob is, but ill dive into the benefits. So $NOOB holders get many benefits, but these are the MAIN ones. Firstly, $NOOB holders get exclusive access to our NFTS by either holding a required amount of $NOOB or by being a yield farmer in our staking pool.
You can also EARN more NOOB by staking and holding LONGER. Hodlers win with $NOOB by staking and taking rewards by using the GYSR token to unstake up to 6x the amount of $NOOB. We were extremely generous with our yield farming APY. You can buy $NOOB on Uniswap, Finexbox.com and vindax.com
Host :
good job sir, NOOB has occupied 3 markets at the moment, Is the next target is Binance
Principal :
So this is a good question. Binance is obviously the king of exchanges, but is also incredibly expensive to get listed on. It costs several hundred thousand dollars to get listed with just ONE pair. Of course we would love to get listed, but this would take $NOOB to grow much more before we can afford to do so. They do allow voting and when they open it up, we will apply and hopefully get the votes to get on. With that said, we are looking at getting listed on a top 10 exchange within a few weeks.
Host :
I hope Noob grows, so that you can raise funds with a team and investors to place NOOB on the binance market
Q4. Nowadays Farming or staking is very popular. Have you provided your Farming or Staking Facility to $NOOB Investors? if you have, can you explain how to staking and farming $NOOB?
Principal :
We have and how to stake can be read here: https://noobfinance.medium.com/how-to-farm-noob-bda43f4b6c20
Let me explain how it works:
So this is a liquidity provider yield farming pool. Meaning you Take $NOOB token and ETH and you create a pair on uniswap to provide liquidity in both pairs for our pool. This creates a UNI-V2 token that you can then use to stake in our yield farming pool. In this pool you earn $NOOB and GYSR based on whats called Share seconds.
As time gos by the NOOB rewards build up and ANYONE can claim out of that pool, but when they do , they loose their share seconds. When you unstake you can take the rewards directly OR you can use the GYSR token to multiply your rewards up to 6x. Now, this also is meant to reward LONG term stakers. Meaning the longer you hold your farm up, the more rewards you can get.
Host :
Q5. Could you please explain, what are your upcoming plans in a couple of month/years?
Principal :
So looking at months, we are planning on releasing our NFTS, 1-2 per month with their corresponding teens and adult cards going into q1-q4 of 2021. We also plan on releasing our BETA version of marketplace in december with a fully release by q2 2021. We plan on getting on a top 10 exchange by end of December as well and have some really cool additions to the NOOB token coming in January that we cant release just yet.
Question from Twitter
Principal :
So the presale is over, but you can buy on uniswap and two exchanges. We will focus a ton of energy on our NFT line and will list on one more major exchange this year.
Principal :
So we are built on ethereum as a erc20 and our nfts are built as erc1155’s, both have had HUGE audits done and are the securist chains in crypto. Our token will scale as ethereum scales. Now if ETH cannot scale as its needed, we would migrate over to a new blockchain such as Cardano IF we had to.
Principal :
Ive explained the project in detail early in the AMA, so I wont get much into that. We will have a finalized White paper built closer to our Marketplace launch and will be adding a roadmap for 2021 in December.
Principal :
Follow our Medium page and twitter. We post all relevant information on both platforms. We want to keep the website simple and with less clutter, so we we use other platforms to explain the project and its goals.
Principal :
No $RUGZ is our partner project and we will be adding that pool by EOM. They are working with us on building out our marketplace. We needed as much help as possible. Its a BIG project.
Question from Telegram
@Rubel1111 (Question 1)
Q1. What are you major goals to achieve in the next 3-4 years ? And What are your plans to expand and gain more adoption ?
Principal :
We want to have a fully functioning NFT marketplace/auction house. That will run autonomous off the $NOOB token. At this point we would also have 100’s of collectible cards that can be traded using our upgradable NFT smart contract.
@Grazel190 (Question 2)
Q2. Many projects have turned out to be a fraud and now it has become complicated to gain the trust of people and investors, as Noob Finance shows that they are a real project and thus gain their trust? @principalnoob
Principal :
we made ALL the necessary requirements including, locking our liquidity unicrypt, BURNING our mint key so no more tokens can be generated and locking our team tokens for 6 months. We are here to STAY
@youyou897 (Question 3)
Q3. While you build your project, do you take into account community feedbacks and demands?
Principal :
We take our community seriously and listen to all concerns and thoughts. What is a crypto project without a supportive community, it wouldnt be a project. We look forward to growing our community to all sides of the Globe.
@livwvii (Question 4)
Q4. Crypto projects were closed in many countries due to improper regulation and licenses. How does your project solve these problems?
Principal :
Security tokens are what cause issues with crypto Projects. Our token is a utility token, meaning it used to receive NFTS and provide a ecosystem for our marketplace. Although hopefully in the coming years we gain mass adoption and full regulation.
@W_t_a (Question 5)
Q5. Can you list 1-3 killer features of Your Project that makes it ahead of its competitors?
@principalnoob
Principal :
We have built the WORLDS FIRST NFT upgradable smart contract. No other project has anything like it. Users can upgade crypto kids to crypto teens and then adults. We are the first in crypto do do this. We also have another very special side project we are building out and will be announcing in a few weeks. We have alot going on with $NOOB and look forward to growing it deep into 2021.
CLOSING
Well… We declare AMA’s Series Bang Pateng with Noob Finance, is Done. ����
thank you to the participants who have attended this event to the end. the winners will be announced soon���
�Twitter : https://twitter.com/noob_finance
�Telegram Chat: @noobfinance
�Telegram ANN : @noobannouncements
�Website : https://noob.finance
�Buy Noob At Uniswap : https://info.uniswap.org/pair/0xc585a87Bd3de4e5528d3C07B281406086fB8E6dE
The event has ended, we would like to thank Mr. Principal @principalnoob Who took the time? Our event is closed