BlockTalks x MixSome AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with MixSome, on April 19th at 12.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Augustas Staras, Project Lead at MixSome. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce MixSome to our community in layman’s term?
Ans — We are builing Mixsome to level the playing field and tame DeFi for every investor.
And Mixsome is turning complex interactions with DeFi protocols into easy-to-understand money flows.
So in few words, Mixsome is a DeFi Strategy Aggregator built on xDAI ethereum sidechain to maximize yield generation.
What Mixsome is proposing is a super simple UX that enables users to interact with DeFI in a few clicks. Mixsome bundle the transactions into one smart contract, reduce the fees and the time spent!
A sneak peak is a good example: https://vimeo.com/523148400
Q2. What are the advantages of MixSome to other alternatives in the Blockchain field?
Ans — Mixsome is being built as users for users, so we focus on user experience and that Mixsome is easy to understand and use for more investors.
And to solve high gas fees that are on Ethereum, we have partnered with xDAI sidechain and will be integrating their protocol to offer very low gas fees for DeFI protocol transactions.
Q3. What are the major milestones MixSome achieved so far & what are in the future pipeline?
Ans — Our roadmap can be easily found here https://mixsome.cash/roadmap/ . Mixsome has already built V1 Testnet App, which is deployed on ropsten network and is undergoing finetunings and is being made ready for audit and launch on Mainnet.
Beyond that, Mixsome has received strategic backing from leading VCs in crypto space https://mixsome-cash.medium.com/mixsome-raises-2-7-million-in-oversubscribed-funding-round-25f484ba8ad6?source=follow_footer---------1----------------------------
Questions Asked by our BlockTalks Community Members during live Session to MixSome Team!!
Q1. When is the IDO / TGE / Listing?
Ans — Mixsome holds IDO on 22nd April 12:00pm utc at MANTRA DAO launchpad Zendit - https://twitter.com/MANTRADAO/status/1383375437498179587
And listing on Uniswap and PancakeSwap same day 22nd April on 16:00pm UTC.
Q2. How can i support your project?
is there any social media i can follow you?
Ans — Please follow us on twitter https://twitter.com/MixsomeCash
Q3. Why did you choose the xDAI Eth chain for Mixsome? What benefits can be generated in Defi by using the mentioned chain?
Ans — We have partnered with xDAI to tackle this high gas fees on transactions in Ethereum network which prevents more users to join in DeFi investments. So for Mixsome it works when you start investing Mixsome does by moving your ETH assets to the xDAI layer-2, but when coins are in it, we are able to perform feeless transactions!
Q4. Can you tell us about the $SOME token, how can we buy it, get it or sell it? Are you planning to open to the Binance Smart Chain market?
Ans — Thank you for the question! Mixsome native token $SOME is utility token that will be used as governance tool to vote on protocol upgrades and fees, rewards that Mixsome generates distribution to $SOME holders.
Q5. How do you see Mixsome in the future? Do you think Mixsome will be an indispensable tool for investors due to its usefulness?
Ans — We launch Mixsome with 3 pre-defined investment strategies that will be easy to use, and our long term vision is to allow users to create their own strategies using Mixsome tool, and also propose and vote for new strategies to be included in the App.
Q6. What pair will be supported with rewards from providing liquidity? ( I have seen this position in tocenomics) Will it be ETH/some or bnb/some?
Ans — We want to use $SOME for both pairs on Uniswap and Pancakeswap liquidity provision programs.
Q7. I see there are many risks associated with DeFi, do you agree with that opinion? How do you guys work to make MixSome safe to DeFi?
Ans — First, we take care of our side by making sure that our protocol and mainnet App is audited and secure for users to invest. Also, we are integrating protocols like Compound, Badger, Curve and more that are already in the market for long time and have been tested.
Read more about Mixsome IDO on Zendit on 22nd April https://mixsome-cash.medium.com/mixsome-partners-with-the-sherpas-community-to-hold-its-last-token-allocation-on-zendit-65c7ec3db745
Here are some important links of MixSome 👇
🌎 Website: mixsome.cash
📱 Twitter: twitter.com/mixsomecash
📢 Telegram: t.me/mixsome
📚 Medium: mixsome-cash.medium.com/