On the 16th of August, 2021 at 16:00 UTC, Decentralized Club had the honor of hosting Mr. McDonald, Polyalpine Community Manager, for an Ask-Me-Anything session on their Telegram page with a community of over 31,000 people. It was hosted by DC Admin, May.
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 Polyalpine is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity.
Segment 1 – Introduction
Hello, 大家好, नमस्ते, Selamat!
My name is May and I’ll be hosting the AMA with Polyalpine.
Today, we have with us a guest from the Polyalpine Team.
You’re welcome and it’s an honor to have you here.
Hi, it’s been honor to be here today
Please call me Mr’McDonald, my telegram nickname
And I am the community manager of Polyalpine finance, I’m here to share the awesome project with all of you
You’re welcome, Mr. McDonald.
Thank you May
Good to have you here.
Let’s begin with some project introductory questions, shall we?
Yes, I’m sure today is gonna be fun!
Looking forward to all of it!
Q1. Can you tell us what the motivation behind developing Polyalpine was?
The Polyalpine doesn’t came out of blue, we have witness many farm project failed due to price dropping, I’m sure it happened to all of you as well.
The main idea of Polyalpine is balance, stake, farm, sell, it’s the whole poly ecosystem that needs to be balanced.
Each liquidity provider needs to pay certain fees to keep the Polyalpine token-ALPE stable, if you wish to gain some profit, you need to contribute first.
The fees are different regarding the different length of investment period, the long-term investor is the only investor who doesn’t need to pay the fee.
All the fee will be used and only be used for the contract buy-back and burn.
So the main motivation behind Polyalpine is to come out with a farming project that can balance itself.
Q2. Can you tell us about Polyalpine Finance boardroom?
The Boardroom is the place that can generate great profit, but not everyone is qualified to enter the Boardroom.
The Polyalpine Boardroom is only available for xALPE holders, xALPE is not the token that can be bought. The only way to obtain xALPE is to lock stake; different lock options generate xALPE with different rates.
If you guys read the ALPE distribution, you will notice that the 23% ALPE came from Polyalpine Boardroom, so that’s good news for the long-term investors.
It’s very clear to see the distribution, the Boardroom has taken a very big part of the project.
The reason 23% ALPE is generated in Boardroom is the project needs investors, we need ppl to be part of the project in the long-term instead of being speculators.
And that’s the Polyalpine Boardroom.
Good to know 🙂
Q3. Can you tell us about your tokens ALPE and xALPE, their distribution and their utilities?
Polyalpine own the 2 different tokens, ALPE and xALPE. ALPE is the token that the investor interact the most.
ALPE can be used for trading, staking, and reward.
Every liquidity provider can obtain ALPE from polyalpine farming pool, or buy ALPE from Quickswap.
xALPE is the token that can’t buy or sell, it’s the governance token.
The only way to obtain xALPE is to lock your liquidity, the longer period locked, the more xALPE can be obtained.
3 days stake locked obtain the 20% extra xALPE
7 days stake locked obtain the 50% extra xALPE
14 days stake locked obtain the 200% extra xALPE.
xALPE can stake in Boardroom, but we will put more value in xALPE in the near future, such as community vote, swap xALPE to ALPE.
So generally speaking, the xALPE holders are the most important investors to Polyalpine.
50000 ALPE minted in the Boardroom, that’s the bonus for the xALPE holders
Q4. How do we acquire the native tokens and why is it important to be held from an investment perspective?
Every investor can buy ALPE from quickswap or mint ALPE through liquidity farming.
I understand that most people like to sell their reward the moment they acquire the reward.
But things are bit different in Polyalpine, every investor who stake in Polyalpine paying the certain tax to the project, the tax are used for the contract buy-back.
Which means the longer you hold ALPE, more buy-back will occur. The buy-back mechanism guarantees the value of the ALPE token.
ALPE price won’t dip like other farming projects, the more people join the liquidity farming, the more value ALPE token ownership.
So, ALPE is the token that is worth holding for the long-term and Polyalpine is the project worth investing in.
Very impressive feature.
Q5. What are the major plans on track for completion this year by Polyalpine Finance?
We understand the project needs many different features to value the token. Even if the project owns the buy back feature, it’s not enough.
So far we have completed the farm and buy back features, there will be more in the near future.
Such as DAO(community governance), airdrop, NFT, gaming
But we would like to hear more from the community, if you have any advice, please feel free to start your proposal.
In Polyalpine, no one invests alone, this is not just our project, we need a stronger community consensus to keep the project alive.
Community building is also what we are focused on, yes we need a lot of investors, but everyone will become a speculator without consensus.
So those will be our plan.
Thank you for the info! 🙂
It’s time to take questions from our Twitter community.
Let’s hear it!
Segment 2 – Twitter Questions
Q1. I don’t understand the concept of two tokens,
Why do you feel it is important to create two tokens? What is each of their roles in the ecosystem? Can we buy and hold both?
Twitter Username: @Everly4597
Most projects only own 1 token, based on our observation, 2 tokens in 1 project is pretty rare in the market.
We would like to try something new and bring ALPE, xALPE to polyalpine. Because the 2 tokens have different values.
ALPE is the token for the reward, provide liquidity, and you will receive it.
What you wanna do with ALPE is up to you, stake for more, hold it until we moon or make a quick sale.
On the other hand, xALPE can only be used for Boardroom skating at the moment, xALPE is the core of Polyalpine, 23% reward goes to the xALPE holders.
So if you are looking for a long term investment, Polyalpine is the right project for you.
Q2. In a tweet by the Polyalpine team some days ago, it was stated that the Polyalpine contract was nearly completed and would soon be submitted for auditing. What is the progress of the contract completion and auditing and what firm is handling it?
Twitter Username: @theyasflower
The investors are not the only group that cares about the safety of the project, we care about the safety as well.
That’s why we have submitted our source code to techrate for auditing, the report should come out within 48 hours.
Please join https://t.me/PolyalpineFi, or follow our twitter, we will publish the final audit report the minute it comes out.
The community’s trust and safety means everything to us.
Security is important ✅
Q3. I see a very new vision in your project: “Send money, earn ALPE and xALPE”. Can you explain how it works? What special feature does it hold to compete with other media projects?
Twitter Username: @V8Quang
Deposit, earn ALPE and xALPE, that is the main idea of yield farming.
The contract will generate the ALPE and xALPE to reward the Polyalpine liquidity providers, the reward distributed by block.
Buying Polyalpine is not just about yield farming, otherwise there is no difference with other farming projects.
We also charge a certain tax for the investors, the tax won’t go to anyone but the liquidity pool.
No good thing comes for free, wanna earn ALPE? Pump up the ALPE price first.
As a dev team we can provide the initial liquidity to the project, but in order to keep the project run in the long term and moon hard, everyone else should do the same.
The only exception is the long term investors, tax free and 200% xALPE minted.
Q4. Regarding your tokenomics, I read that 23.6% belongs to “boardroom”, but what exactly does this mean, and why such a high amount?
Twitter Username: @molestika
ALPE total supply: 100 Million
Initial supply:5 Million
The team reserved: 500K
Liquidity farming: 70.9 Million
Boardroom: 23.6 Million
This is the ALPE tokenomic, it’s very clear that the boardroom owns the 23% ALPE token.
The boardroom takes a significant part of the total supply, and the 23.6% reward goes to xALPE holders. We would like to encourage people to be an inseparable part of the community and project.
The weight of the Boardroom might be changed in the future, but the boardroom’s weight can only go higher, not lower.
The people who profit the most in Polyalpine is the investor, not speculator.
Good to know 😊
Q5. The only way to obtain it is to lock the stake and earn xALPE. Why is this so and what was the rationale behind this decision?
Twitter Username: @repmujduolc
Permanent investment is the most stable investment, it’s also the investment we need.
Long-term investors not only rewarded with ALPE, but also obtained the key to the boardroom.
As long as the Boardroom owns the significant weight, the xALPE holders will take the significant weight as well.
We consider this decision the greatest idea ever
We not just elude speculators, but also create the best investment ecosystem for real investors.
Great and detailed answers 😊
It’s time to take questions from our live audience.
Okay guys, prepare your best questions
In this 4th 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 😊
I’m sure many of you are waiting for a while
Don’t worry I’m here to answer your questions☺️
Group unmuted in..
—Chat was then opened for the live
community to send in their questions—
Segment 3 – Live Questions
Please select five best questions.
How do you plan to spread awareness about your project in different countries where English is not good? Do you plan to develop many different communities such as Vietnam, Indonesia, Korea, … about your project so that they can easily communicate and understand your project?
Polyalpine Chinese and Indonesia group
We have established a Chinese and Indonesian group for Polyalpine, if there is any Vietnam or Korean group needed, we will establish the group for easy communication.
Would the users deposit interest rate be higher than income from collateralization lending Protocol??
The fees are the same for the investors. The fees are different to the period of staking, 10% buy-back fees will be charged for No stake locked, 5% fees for 3 days locked, 3% fees for 7 days locked, No fees for 14 days lock.
What is your plan to prevent investors from selling tokens as soon as it goes public? What benefits do you commit to motivate investors such as long-term token holding? Thanks
A lot of people wanna sell out their reward for some quick cash, the reason Polyalpine is different is we have a great buy back system, it not just values the ALPE token, but also makes investors wanna hold the token for a long term.
Is your platform staking and farming enabled? Please tell me. And do you assure me that my Investment will be safe if I decide to hold your token for long term?👋👋👋
Hey long term investors! Glad to have you here, we will add timelock, liquidity lock and public the audit report to protect your asset, the security is not just important to the investor, the dev team also cares about the security.
Southeast Asia is a very vibrant market and many many Projects developed over there. So, What you think about Southeast Asia and Do you have any plans to develop there?
Asian market is very important, you can see we have 3 official telegrams at the moment, English, Chinese and Indonesian. This action can prove we take the asian market very seriously and we love asian investors.
That’s all the 5 questions
Have time for one more question? 😁
Okay, have your pick.
As a staking enthusiast, can I join staking on your project now? Will I get an ALPE token or an xALPE token? Are you sure about the profitability of investors in the future?
The project will start on 8:00 am UTC, 18th, you can stake after we are listed on Quickswap, you will receive ALPE and xALPE at the same time. If you read our paper you will notice that we have the buy back that value the ALPE token, it’s the guarantee of the profit
Aaaaaaand it’s a wrap! 🎉
Thank you Mr. McDonald for being our guest today.
Thank you May, the last 2 hours is being so much fun
I had so much fun with the interview as well. I Learned a whole lot about Polyalpine too!
Awesome! Thanks to all of you for being here today
Please give us a shout out to the Dev Team. They’re doing an amazing job!
😁Looking forward to seeing you guys in Polyalpine!
Please share your social media links with our community.
🗼Official website: https://www.polyalpine.finance/
🗼Official telegram: https://t.me/PolyalpineFi
Don’t miss the Polyalpine big lisiting guys
We won’t 😁
Thank you again, and enjoy the rest of your day 🎉
Thank you too! Good day!