On the 9th of November, 2021 at 12:00 UTC, Decentralized Club had the honor of hosting Derek Park, Chief Strategy Officer from Hillstone Finance, for an Ask-Me-Anything session on their Telegram page with a community of over 70,000 people. It was hosted by DC Host, Alvis.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what Hillstone Finance is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 – Introduction
Hello, 안녕하세요, 大家好, नमस्ते, สวัสดี, Selamat!
I am Alviss, your host for the Hillstone Finance AMA.
I’ll be interviewing a guest from the Hillstone Team today.
thank you for inviting
You’re welcome to the Decentralized Club and it’s great to have you with us.
it’s my honor
Could you quickly tell us more about yourself and your job at Hillstone?
Let me introduce myself and the core members of Hillstone Finance.
My name is Derek Park. I graduated from Peking University, Department of Business Administration.
I am responsible for linking overseas resources and facilitating overseas expansion in Hillstone Finance.
I have many years of experience in consulting and incubating start-ups. Since 2018, I have been providing support for both overseas and Korean companies:
I help foreign companies to successfully land on the Korean market, and provide global opportunities for Korean firms.
A wonderful pedigree and an even beautiful track record
Now let’s get into the questions
What is Hillstone Finance all about? Give us a little summary.
Hillstone Finance is an asset-backed crypto project aimed at lowering the entry barriers to financial investment.
Hillstone Finance is launched by Hillstone Partners, the first cross-border M&A company in Korea.
In our platform, users can not only invest in venture funds that were not accessible to individuals but also liquidate their investment instantly.
We select and upload products that have gone through a rigorous selection process by fund managers working in top institutions.
After a product is listed on our platform, users can start investing in the product.
At the initial raising round, users will invest in products with USDT. When the fund is fully raised, USDT will be converted to HSF and be parked in the product.
Users can choose to stay and earn the product interest, or they can retrieve HSF from the product for sale.
The retrieval of HSF from initial investors will create a space in which users can re-invest only with HSF.
Basically, that’s it！
Could you tell us a little bit about your team? What are their past experiences?
Our CEO, Rayol Hwang, has a record of launching 17 companies in 20 years. His field of interest includes IT, cosmetics, games, fashion, music, finance, and more.
He is currently the CEO of Hillstone Partners, a private equity firm with 26 years of tradition. He started Hillstone Finance because he believes that blockchain is the key to overcoming limitations in the current financial industry.
Lastly, our CTO Jasper is a famous blockchain expert in Korea. He gained fame since he found a critical security loophole in one of the biggest Korean companies.
He is also a blockchain auditor in HAECHI LABS, one of the best audit institutions in Korea.
Besides, there are 17 members in our team, and we are planning to expand it in the future.
That’s really impressive
Let’s dive into your tokens $HSF. Can you share with us your tokenomics? And what are some of the $HSF use cases?
HSF token has the following characteristics:
-A hard cap set to 100 million HSF.
5% of the total token supply used for research and development is under the control of multi-signature wallets.
After users stake USDT in a POOL, Hillstone takes 5% from the POOL as a commission fee and creates a ROOM that is worth 5% of the POOL for HSF holders to stake in.
The extra 5% supply released to the market will be collected as users stake in this ROOM.
-Total: 100,000,000 100%
-Cornerstone: 2,000,000 2%
-Operation: 5,000,000 5%
-Committee (Governance): 3,000,000 3%
-Team & Advisors: 5,000,000 5%
-Marketing: 5,000,000 5%
-Pool Reserve: 80,000,000 80%
The primary usage of HSF is to invest in funds. We protect users from investment loss by providing safety measures, and we also allow every individual to invest in private equities that were not accessible to users before.
Sounds like a project I’d love to invest in
Is $HSF audited?
The Token contract was audited by CertiK, but we could not audit our platform contract because trusted institutions could not offer an audit until October.
Therefore, our CTO Jasper has audited the contract with more than 200 test cases.
We are going to conduct audits from CertiK, HAECHI, SOOHO, Dedaub in Nov.
The test cases are shared in the GitHub repository. In addition, we have opened our platform contract to the public, so everyone can take a look. (https://github.com/Hillstone-Finance/hillstone-finance/blob/master/test/InvestorV1.test.ts)
Wow. That’s lovely.
Where can we buy $HSF?
You can buy HSF here:
From this project, what can we expect in the next 3 months and 2021 as a whole?
For the next three months, the most important plan is to list our HSF token on the major exchanges.
Moreover, we are going to introduce high-quality funds on our platform to let users have a chance to invest in those funds.
So many opportunities for our community
Where can we find out more about Hillstone Finance?
You can find more about Hillstone in the following links:
Very impressive answers! Hillstone Finance is a solid project as it is!
Thank you for your compliment.
Let’s now take some questions from our Twitter community.
Segment 2 – Twitter Questions
On your website, I saw that Hillstone finance could provide easy accessibility to investment. But how will you ensure this for investors and projects built on countries which have strict rules and restrictions to crypto exchanges? (I mean how far you could extend your project)
Twitter Username: @AkhilJo72010113
We aim to be the Robinhood of the Blockchain Industry！
Our parent company works very closely with the Big Ten consortium in Korea！
We have signed contracts with several fund institutions and managers in the traditional financial industry. We want to turn traditional financial derivatives into zero threshold and tradable
As you serve as a bridge between the decentralized financial industry and investment financial industry within the current laws and regulations, what do you think will be the outcome of bridging the Defi industry and Investment industry? Any advantages it may bring to both industries?
Twitter Username: @mylhe
First of all, for the blockchain industry, this must be an outbreak of incremental users！
Secondly, we put the successful role of blockchain technology into the traditional financial industry. For the traditional financial industry, this is also an attempt to break the circle
Finally, for users, we have enriched more investment channels and lowered the investment threshold, which is also a good thing for investors
Please tell us about the native token of Hillstone Finance $HSF and how we can purchase it? What qualifies it to be an asset-backed currency and what usecase is backing it?
Twitter Username: @theyasflower
Let me show you a scene: for example, I have a fund of tens of millions here！
Let a user buy, you know this fund can make steady returns
But you can’t buy it all, right?
In our platform, it plays such a role, we put one million, ten million funds into a million or even hundreds of millions of shares, you can not invest in a ten million fund, but you can invest in it one in ten million or one in a billion
This is the role of Hillstone Finance
That’s an amazing incentive!
We have two more questions from our Twitter community to go!
In the most recent updates last month you announced that you would be doing an airdrop event worth $100000, it would be sad if we have already missed it, could you tell us if this event is still ongoing and what other opportunities do we have to become early users?
Twitter Username: @HumbertoAntoni
Don’t worry, we will give our users the last wave of benefits before we officially launch the centralized exchange
Recently, we will open IDO
Please pay attention to our official news in time
That’s all, thank you!
All right, last twitter Question
The Hillstone initiative allows ordinary investors to invest in previously unavailable financial instruments such as private equity. But what about fresh investors? Is it safe for inexperienced investors to invest? Is this only for seasoned investors?
Twitter Username: @WhiteGianmarco
No, please rest assured that when we cooperate with traditional fund institutions, we select relatively stable and higher yield products
More friendly to novice investors than blockchain veteran investors
It’s now time to take questions from our live audience.
In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
—Chat was then opened for the live community to send in their questions—
Segment 3 – Live Questions
Please select the questions now.
Truly, you’ve done AMAs in many telegram groups, So what next, what other way will you make your project more popular?
Next, we will find very well-known institutions to invest in, and we will give our products directly to users, as well as other activities
In itself, we already have a lot of users participating in Korea, and we believe that we will be more and more known by more and more people！
Can you tell me how I can BUY YOUR
What UTILITIES does $HSF have, what will be my reward for being a TOKEN HOLDER of $HSF.?
You can buy HSF here:
I’m sorry, I have other things to do next. If you have questions, you can join our group！
That’s all. Bye-bye, thank you, everyone!
Thank you for your time
The AMA with Hillstone Finance is now over