HOST:
Q1: Could you please introduce yourselves to the chat, and can you please also share a quick overview about INVERSE?
Germaine Ifudu:
My name is Germaine Ifudu, I am the Co Founder of Project Inverse. Project Inverse is a counter-volatility DeFi protocol that offers users the opportunity to benefit from dips and downward moves in the crypto market.
In addition to my role in Project Inverse, I am the co founder of First Kudi, SEFA Foundation, and TLG Ventures. I have over 10 years of experience in Banking, Corporate Finance, IT and Project Management. We initially incubated Ferrum Network, and helped in delivering FRM’s success today.
Ikay Enu:
My Name is Ikay Enu, I’m a co-founder of TLG and Project Inverse. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. I am a crypto enthusiast and have always tried to stay at the cutting edge of technological innovations.
Emeka:
Hello let me introduce myself My name is Emeka I am a the co-founder of TLG and the CEO of First-Kudi and SEFA. I’ve been in the space for the last 4 years as an investor, VC and product Designer. TLG helped incubate Ferrum which we brought to Market. In 2019, we designed and launched First-Kudi, a crypto-fiat platform for the African Market. My background is in pharmaceuticals. I have always been an entrepreneur by trade and I have always tried to stay at the cutting edge of technological innovations.
HOST:
Q2: What is motivate you and your team create and grow INVERSE?
Ikay Enu:
We were motivated to develop Inverse because we could not find a platform that allows users to speculate and earn gains from the movement of other coins without having to own those coins.
This is What the Inverse Platform allows.
HOST:
where you get the project name? what is the meaning of it and why you pick this name for your project?
Emeka:
We picked the product name Inverse because. You get rewarded for the volatility of the market. Meaning when the price of coin reduces you can get rewarded for it.
HOST:
Q3: Can you explain how INVERSE works? What role do XIV tokens play in the INVERSE ecosystem?
Emeka:
INVERSE is a DeFI protocol that allows users to stake out utility token XIV for a short duration of time (3 days, and 7days) within tracking vaults that track the movements of select DeFi coins and DeFi index. INVERSE allows users to earn gains from the downward moves of the coins or index being followed in the tracking vaults in the form of additional XIV tokens.
Ikay Enu:
Inverse is a platform that allows users to earn gains from the movement of popular coins on the market without having to hold those coins. Users place XIV in tracking vaults that track the movements of other coins. Based on these movements, users may earn between 1x to 3x the amount of XIV staked in the vault.
HOST:
Q4: What milestones have INVERSE achieved and what is the next roadmap for 2021?
Emeka:
We have launch the project. It is live. We are adding more coins on the platform and we making a bsc token bridge. More to come.
HOST:
Q5: Your business is intended to create benefits when market go down but whether when it go up will be a barrier for your project ?
Ikay Enu:
The platform allows users to gain when the market goes up and down. There are two parts to the platform, Inverse and In-line.
Inverse allows users to earn gains when the market goes down and In-line allows you to gain when coins in the tracking vaults you pick go up.
HOST:
Q6: Smart Contracts are effectively irritated by numerous bugs and is really defenseless. What security do you need to forestall these sort of episodes and to protect the resources of clients?
Germaine Ifudu:
Yes great question. We have been audited by Certik and we have had numerous internal audit. Security is very important to us in Project Inverse.
HOST:
Q7: On the Roadmap, you intend to grow the alternatives of your backwards marking by offering peer-to-peer staking later on. This remarkable, so would you be able to enlighten us ahead of time regarding this and how might it functions? Likewise what about your trading capacity, is there any arrangement of extending it as well?
Ikay Enu:
Yes, we will reveal details of Peer-to-peer in the coming months. Yes, we plan to list XIV on more exchanges and expand to Binance Smart Chain. We will list on Binance Smart Chain, and a few new Centralized Exchanges.
End of AMA Summary, Thanks Inverse for trusting and organizing AMA with us !!.
More social details:
Website: https://projectinverse.com
Twitter: https://twitter.com/inverseproject
Github: https://github.com/Project-Inverse
Medium: https://projectinverse.medium.com
Telegram: https://t.me/ProjectInverse
