RECAP AMA ID Crypto X Centaur

RECAP AMA IDCrypto WITH CENTAUR
Date : 9 November 2020
Speaker : Mr. James Hong (CO-Founder Of Centaur)

There is 3 session from AMA

  1. Project Introduction
  2. Question From Twitter
  3. Live Question

IDCRYPTO:
Hello everyone, welcome to AMA ID Crypto with Centaur
Tonight we have a distinguished guest, Mr. James Hong (CO-Founder Of Centaur)
who will explain the AMA theme and answer some of your questions.

James | Centaur:
Hi Guys! glad to be here

thank you for the warm welcome!

IDCRYPTO:
are you ready for this AMA sir.. we are can’t wait for your explain about Centaur

James | Centaur:
Let’s go!

IDCRYPTO:
But before we start the first session, can you please introduce yourself and your background to us first?

James | Centaur:
Hi everyone, I’m James, co-founder of Centaur. I am a serial entrepreneur that started in the Maritime industry a good number of years ago but have since transitioned into deep tech and fintech. By leveraging on the networks I’ve established over the years across Southeast-Asia, I spearhead the integration of blockchain technologies into emerging industries to drive digital transformation and digital banking solutions. At Centaur, I manage most of the business development efforts for the Asian region together with our Singapore team.

IDCRYPTO:
wow amazing ? your background is cool.

James | Centaur:
hahah thank you!

IDCRYPTO:
We have 3 sessions of the AMA, where each of your sessions will have questions to answer, and when you are done explaining, please say “done”
Are you ready sir ?

James | Centaur:
okay!

SESSION 1 PROJECT INTRODUCTION

IDCRYPTO:
let’s start to the first session.
Could you please briefly introduce Centaur to IDCrypto Community ?

James | Centaur:
Centaur is working towards being the bridge between decentralized and traditional finance by tapping on the strengths of both aspects. We are hoping to create unique solutions that will expand current use cases of DeFi, while remaining transparent and accountable in our approach and protecting the interests of our community and our investors. One of our first steps will be to resolve the over-collaterised loans situation that is currently prevalent in the market as this restricts liquidity and prevents the market from being fully efficient.

IDCRYPTO:
Thank you for enthusiastically introducing Centaur to us.
Very happy to know Centaur, and want to know more about Centaur

James | Centaur:
no problem! looking forward to sharing more

IDCRYPTO:
I think enough for introduction about centaur. so let’s move to second session.

James | Centaur:
sounds good! lets go

SESSION 2 FORWARD BEST QUESTION

IDCRYPTO:

  1. How is the CNTR token used? How to keep motivated to hold CNTR tokens for a long term?
    from twitter account @semogaberkahXD

James | Centaur:
Some of the CNTR use cases includes governance measures like voting and rewarding our network oracles that will be providing crosschain data that is essential to the health of our network. CNTR will be used in a transactional nature for Centaur solutions such as to function as collateral and loans or Dapp fees. Of course this is only the start, we will be introducing more use cases as we roll out more features!

IDCRYPTO:

  1. staking is a new trend at the moment, What staking options are available for CNTR tokens? Is there an incentive to bet? What are the ways to get CNTR tokens?
    from twitter account @Ressknight12

James | Centaur:
You can currently stake CNTR tokens on our website at cntr.finance. We have also deployed our liquidity mining program today! We will be launching more staking initiatives in the foreseeable future. You can purchase our tokens from Uniswap or Bitmax but I think Bitmax currently have some issues.

IDCRYPTO:
It’s true that recently Bitmax has been having problems, but we might prefer uniswap because we have been using it a lot.

James | Centaur:
We like to give users a chance between centralized and decentralized exchanges haha

IDCRYPTO:
I hope you will add more markets to several major exchanges. ???

James | Centaur:
Rest assured that will be in our pipeline but our focus right now will be product development!

IDCRYPTO:
So cool, you already have that plan. I hope everything will go well.

okay next question sir ??

James | Centaur:
sure lets go!

IDCRYPTO:

  1. What are the major milestones you have achieved so far?
    from twitter account @hoavouuy

James | Centaur:
On the technical side, we have successfully deployed our liquidity pools on Ethereum testnet and Binance Smart Chain testnet. This liquidity pools use zero knowledge proofs (ZKP) technologies to ensure there is transactional privacy. We have also launched our own Centaur Chain testnet based on the Cosmos SDK and we’re looking to do a main net launch by Q1 2021. We have collaborated with Elrond to launch a eGLD liquidity mining program, where eGLD holders can stake their eGLD for 2 weeks on the Elrond mainet and earn CNTR (ERC20) tokens on Ethereum. We have also launched our staking program on our website and we are partnering with Reef to include our liquidity pool into Reef’s aggregator for direct integration and I mentioned earlier that our liquidity mining campaign is going on right now!

IDCRYPTO:
okay next

  1. For new crypto user, crypto is complicated, how Easy Centaurplatform to use?
    from twitter account from @thanhhoai91

James | Centaur:
This can be accomplished by good UI/UX. The ideal aim is to have front-end users interact with the platform without any blockchain knowledge because the blockchain magic happens at the back without them knowing. We have our inhouse designers working their magic to ensure that our website and our future mobile app is seamless!

IDCRYPTO:
can you explain about your mobile app ? when will it be made ? this is my question sir hehe..

James | Centaur:
Our mobile is actually done developing but we are very particular with UI/UX so we are spending abit more time to reskin the wallet! it will be launched very soon!

IDCRYPTO:

  1. Centralized entities are always a risk in some respect. What are the features and protocols of the fail-safe layer that Centaur will create through centralized systems and processes?
    @y1sus_afp

James | Centaur:
We will leverage on the use of KYC and credit review to allows Centaur to offer unsecured and undersecured loans to users. To preserve the privacy of users, only data relating to the user’s creditworthiness (which in turns determines the interest rate and collateral-to-loan ratio) will be stored onchain. Other personal data will be stored offchain. Eventually, as users transaction more frequently onchain, we expect their transaction history to form the basis for credit review.

IDCRYPTO:
You are very excited in the second session, sir, thank you for answering the questions in detail.
I hope the community can understand your explanation.

Okay let’s move on to the third session, in this session I will open the chat and all participants are free to ask, but you only need to answer the 5 best questions in your opinion.

SESSION 3 FREE ASKING

TsumaniX:
Which jurisdictions is Centaur planning to launch at first? Surely because your plans are so ambitious with decentralized and traditional finance, it can offer some regulative issues in some jurisdictions. Are you looking to expand your solutions globally?

James | Centaur:
For the C-defi products, we are looking to launch in cities such as Singapore and London where credit records are well-kept and default rates are low. We also have our partner with relevant licenses to operate within regulation. In the future, we plan to extend our out-reach to South-East Asia, Africa.

Hermawan | Trader✓:
Currently the world is experiencing a global crisis due to Covid-19 and several projects have declined.

My question , What is the vision and mission of the Centaur team that makes $CNTR token have a very high demand and is good when there is a crisis and an outbreak of covid19?

James | Centaur:
Our mission is to be the bridge between decentralized and traditional finance! Our solutions are focusing on cross-chain interoperability for the blockchain space, while also integrate with solutions through the use of licenses that we have access to. We aim to design blockchain solutions and combine them with the strength of traditional finance. I believe that with technology, we will be able to limit users from physically heading towards the bank itself as they could facilitate basic banking needs with just a mobile phone and internet.

Femi Oyinloye:
Has CENTAUR undergone any ” security audit ” ?
What are does security measures to ensure our funds are safe ?

James | Centaur:
Right now, we are working closely with RED4SEC! they will be assisting us in auditing our smart contracts to ensure that there wouldn’t be any issues! you can read more

Alan:
Hi sir, marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and investor?

James | Centaur:
We are focusing on getting new partners that could join our ecosystem or leverage on each other’s technology. We are doing AMAs frequently to create awareness! We are also frequently launching campaigns to keep communities engaged! This is only the start and we will be rolling out more initiatives once our product is launched!

Ramadhan:
Centaur chain will focus on cross-chain interoperability, so how many types of chains can interact with Centaur Finance?

James | Centaur:
The Centaur Platform aims to establish itself as a full ecosystem for all DeFi use-case, we will be able to facilitate Cross-chain transactions without oracles to pay high gas fees for providing cross-chain data! This will ensure that we can consolidate major chains without barriers!

IDCRYPTO:
okay perfect.. ?? you are verry excited sir ?
Thanks for your answer. let’s end this AMA.

James | Centaur:
okay thank you!
great to be here guys! thank you!

IDCRYPTO:
Well…
We declare AMA’s Series IDCrypto with Centaur is Done. ????

Thanks to Mr. James Hong
who gave us the time to share this knowledge, I hope we will understand more about Centaur

Thank you to the participants who have attended this event to the end.
the winners will be announced soon???

MORE INFO ABOUT CENTAUR

Website: http://cntr.finance
Twitter: https://twitter.com/OfficialCentaur
Telegram Group: http://t.me/OfficialCentaur
Telegram channel: http://t.me/CNTR_ANN
Trading: http://CNTR_traders