BlockTalks x Pontoon AMA Transcript!
We recently hosted an AMA with PonToon, on October 22nd at 2PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Venkatesh Karanalu, CEO at PonToon 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 Pontoon Finance to our community in layman’s term?
Ans — Pontoon is one click liquidity mirror protocol across multi chains which aims to solve fragmentation and composability concerns in a complete trustless way. At Pontoon, neither we Mint or create and synthetic asset which eliminates the need of CEX.
Q2. What are the advantages of Pontoon Finance to the other alternatives in the Blockchain field?
Ans — Features includes
1) Gasless Transaction
2) Decentralised relayer Networks
3) Composability
4)Cross chain pool
5) Trustless cross chain bridge
Q3. What are the major milestones Pontoon Finance achieved so far & what are in the future pipeline?
Ans — We are testnet ready on Eth, BSC and Polygon and soon post TGE we will provide incentivised testnet for users and community which is few days away from now.
Our schedules release mainnet in Q4 along with cross chain liquidity mining and then move further with roadmap described in our website pontoon.fi
Questions Asked on Twitter For PonToon Team!
Q1. I understand that your liquidity mirror technology aims to ensure good liquidity between chains, but is this liquidity actually tied to a single token? or can this protocol truly ensure the liquidity of all tokens across all chains?
Ans — Liquidity across chains. We are aiming to go to a minimum of 8 chains with EVM compatiable for now
Q2. I found out that Pontoon has a rewards program in which you have 35% allocation to rewards with an incentivized model in place. So,can you tell us more about this reward program in your platform? How does the incentivized model works in your platform?
Ans — Fragmentaion issue can be solved only by liquidity program and Pontoon has dedicated 35% from overall tokenomics. We have modelling structure in place which will be released to community post launch of mainnet.
Q3. With the introduction of relay networks according to their roadmap, they will also achieve complete transactions without gas on all chains. So how will this process be carried out as the project architecture evolves? How will relay networks eradicate gas rates eventually?
Ans — Relayer networks act as message passers along with processing of bulk transactions of users on that chain and process the transactions on side chains for completion. This completed Tx is pushed to main chain as a last transcation which reduces the gas fees and evevnually gasless.
Q4. An innovative approach to turning the asset pool around would be through relay chains. LPs can bet on a particular chain and unlock the same asset value on a different chain. How is Liquidity Mirroring driving greater adoption of DeFi services in the industry with Pontoon?
Ans — High incentivisation model for LP’s will drive this feature.
Q5. Investigating the features that distinguish them from other projects, they mention something about a composition capability with Plug and Play configuration. Can you explain us about this compositional ability? How does this configuration benefit the ecosystem?
Ans — Its like you can bridge the tokens and swap at the same time, this is composability. Money legos is best example.
Questions Asked by our BlockTalks Community Members during live Session to PonToon Team!!
Q1. Is any Airdrop is alive for our project? How to participate in it? What are terms and conditions? When it is ending? Kindly share us the details!!
Ans — https://twitter.com/hotcrosscom/status/1450091323269074949?s=20
Q2. I am gladened to learn that Pontoon Finance is putting out an Educational Series. Can you tell us what you intend to achieve with this Series?
Ans — Motto of educational series is bring the limelight for Pontoon users by educating them through the blogs of technical features within us. Mainly focuses on users who are new to DEFi and be able to relate the things.
Q3. Pontoon will have Public Sale and Token Generation Event this 4th quarter of 2021,so can you share some information about your Public Sale and Token Generation Event? How to participate this Public Sale and TGE?What are the advantages and benefits for early adopters of your sale?
Ans — We are hitting IHO on HotCross on 28th Oct 2021 which is 7 days from now. IHO been segmentated into 2 parts which is capped and uncapped which is 50–50 from the overall sale of 2M tokens.
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