AMA RECAP — CRYPTOSCREEN INDONESIA with CITRIXDEFI

On 12 October 2020, CitrixDeFi conducted an AMA in the Cryptoscreen Indonesia Community. Our guest is John Richards — CEO of CitrixDeFi and Deboray Jay — CTO of CitrixDeFi .

Lots of questions as usual from the Community about CitrixDeFi progress. The CitrixDeFi team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Cryptoscreen Indonesia community. If you missed the AMA in person, read this recap for a deeper insight into CitrixDeFi.

Let’s take a look at the most interesting points of our conversation.

Segment 1: Introduction

Samuel Yabes: Hello @johnrichards_cdfx and @Deborah_CDFX welcome to our Community.

Deboray Jay | CitrixDeFi: Hello All..

John Richards | CDFX: Thank You 🤝

Samuel Yabes: Can you please introduce yourself to community & your experience in crypto space

John Richards | CDFX: Hello peeps am CEO 👨‍💼 of CitrixDeFi project and i am in the crypto space since 2014 . I have worked with several blockchain-based projects in recent years and at present, I am working with CDFX . My main area of work is development that’s the short intro about me.

Deboray Jay | CitrixDeFi: I am Deboray Jay CTO of CitrixDeFi project and i am in the crypto space since 2014 . I have worked with several blockchain-based projects in recent years and at present, I am working with CDFX . My main area of work is development that’s the short intro about me.

Samuel Yabes: What made you guys come up with the idea of CDFX? What is CitrixDeFi.

John Richards | CDFX: The idea of CDFX comes when we saw traders and investor loses their money time and again due to various factors such as non-regulatory nature of Crypto and the fud comes with it. The huge volatility in the market and various nonperforming crypto projects. So CDFX is a solution to all this and makes a best income for its investors.

CitrixDeFi, a decentralized protocol for peer-to-peer and inter-platform lending and liquidity is an open-source Ethereum based protocol. It is built to allow lending and pooling of digital assets. It comprises inter lending, and inter liquidity protocol.

To create a lending and liquidity interface between integrating platforms, it operates an easy to use SDK and various smart contracts. The SDK is customizable to allow users to create lending DApps and pools. On the other hand, the smart contract varies across users: liquidity creators, vaults, and proxy contracts.

The creator of a smart contract allows creators to add or create lending and/or liquidity pools. Vault contract defines the terms of pooling or storing funds

Samuel Yabes: Very interesting, you guys use the ethereum network if that will not be a problem at this time ? Because we know the ethereum network has been the center of attention recently due to high gas issues.

Deboray Jay | CitrixDeFi: Yes ERC 20.. there is no problem .. CDFX is a fantastic project to save money for investors. When we do a transaction of a small amount we pay the fee and when we do with a large amount we pay the same fee. CDFX pool ups the money and make profits for its users. It is that simple.

Samuel Yabes: What is CitrixDeFi protocol? What are the main objectives of CDFX ?

John Richards | CDFX: CitrixDeFi protocol is a non-custodial inter protocol DApp that allows lenders and liquidity providers to put their crypto to work. The protocol is an open-source, Ethereum based App for digital assets that allow assets holders to lend, borrow, and provide liquidity as needed. It allows users to have a digital representation of their assets in terms of CDFX. That way, users can lend, borrow, and provide liquidity as needed throughout the integrated DeFi protocol.It is simplified because it makes the work easy for those who want to earn income using different Defi platforms. Automation makes the difficult part easy for Investors.

The main objectives of CitrixDeFi Protocol:
1. Crypto and trading space is a bit complicated for many new users. They come with a lot of hopes to earn money using the immense volatility of the crypto market. But most of them lose money due to mismanagement of funds and uncontrollable emotions. So CDFX solves this problem and makes the money to investors using their own money.

2. The second main objective is to make people free from the stress of the market and watching their screens all day. They don’t have to do anything. Earn Easy.

Samuel Yabes: This is very profitable for investors

Deboray Jay | CitrixDeFi: Yes..

Samuel Yabes: now a days many projects were born in Defi, what exactly CitrixDeFi provides Solution in defi Space ?

Deboray Jay | CitrixDeFi: CitrixDeFi provides a wide range of solutions to traders, investors, and digital asset holders. Our platform offers three core solutions to participants. Citrix solutions include the Defi lending of digital assets, providing digital assets liquidity, and Inter DeFi platform lending.

Samuel Yabes: Do you have any Private Sale for CDFX ? If yes is there any extra benefit for private Sale participants ? This is the most important point, because investors want to know what the benefits are.

Deboray Jay | CitrixDeFi: Yes, CDFX have Private Sale .

Private Sale date: Oct 12th 5PM UTC (Soft cap- only 50 ETH)

1 ETH= 3000 CDFX tokens ( 60% Discount on Uniswap listing price )

Minimum investment 2 ETH and Maximum investment is 10 ETH.

Private Sale ETH Address:
0x0aA6390B73DAD6F520920479258b3aF9A8c8ac02

Segment 2: Questions from the Twitter

Question 1: As a trader like me, the security of my funds is my first priority before choosing any exchange for trading. How much secure CitrixDefi is? What programmable technology & security developed by your team to build the platform very secure?

Deboray Jay | CitrixDeFi: CitrixDeFi Protocol is planned and envisioned to be one of the safest platform which has the below security protocols in place:
• Web application security (OWASP Top 10)
• Internal penetration testing, risk and vulnerability management
• Most secure data centre which follows — ISO 27001, SOC1 and SOC2/ SSAE 16/ ISAE 3402/ PCI Level 1/ Sarbanes — Olexy (SOX), FISMA Moderate.
• Security filters and Web server application firewall protocols Isolated Database Environment.
• EV Certificate SSL/HTTPS + HSTS
• Strong Password protection with mandatory 2-Factor Authentication (either SMS or Google Authenticator as per user choice)
• Usage of modern hashes (Argon2i, bcrypt, scrypt or PBKPF2) to store system Keys and passcodes Data encryption using AES-256 encryption.

Question 2: Does Citrix have an interconnection with the different protocols found in another network outside the Ethereum? Are the commissions between different blockchains more expensive?

Deboray Jay | CitrixDeFi: Citrix operates varieties of DeFi services, there are varieties of fees on the Citrix platform. The fees s as follows;

ETH to ETH- The fees between ETH swap, lending, and providing liquidity depends on the inter- DeFi charges and the Citrix protocol. The Citrix protocol charges 0.1% for every ETH lending, liquidity, and swap fees on the platform. on the other hand, it charges 0.05% for inter-protocol services.

ETH to ERC20
ERC20 to ERC20
ERC20 to other digital assets
Digital assets to digital asset.

Question 3: As You know, Many people judge a Project By the Token price, What do you have to Say to investors? What’s the plan to increase the Token Demand?

Deboray Jay | CitrixDeFi: Once PreSale is finish we can list immediately on UNISWAP and Initial liquidity is 250 ETH & 600,000 CDFX.

Uniswap Listing Price: 1ETH = 1800 CDFX
( 50% Bump up on intial presale price )

we will list on Kucoin,Hotbit,Probit and Gate.io Exchanges in October and we mainly we targetted Top 20 Excahnges by December 2020.

CDFX Staking dapp will be live on October end and we are allocated 25% of CDFX tokens for Rewards .

Estimated annual yield will be 100% of the amount staked. For instance, if you stake 100 tokens for 365days you will get 100 tokens as rewards in the end

Question 4: When will the pre-sale of CitrixDefi take place? how can we participate in your Presale? What are the requirements and minimum amount to buy??

Deboray Jay | CitrixDeFi: The total Hardcap for PreSale is 500 ETH.
There are two rounds of the presale. Round one will commence on 15th Oct 5 pm UTC or 10am PST and after its successful completion second round will begin after a maximum gap of 48 hours.

The total circulation supply is 4,000,000 CDFX tokens(4 million).1,200,000 CDFX tokens(30%) are allocated to PreSale. Out of 1,200,000 CDFX tokens, 645,000 are allocated for sale in round 1 and rest 555,000 tokens for round 2.

PreSale Round 1: HardCap- 250 ETH
0–100 ETH : 1 ETH =2700 CDFX
100–250 ETH :1ETH =2500 CDFX

PreSale Round 2: HardCap-250 ETH
0–100 ETH : 1 ETH =2400 CDFX
100–250 ETH :1ETH : 2100 CDFX tokens

PreSale intial base price : 1ETH = 2700 CDFX tokens
PreSale final base price : 1ETH= 2100 CDFX tokens

Uniswap Initial liquidity:
250 ETH & 600,000 CDFX

Uniswap Listing Price: 1ETH = 1800 CDFX
( 50% Bump up on intial presale price )

Liquidity will be locked via Unicrypt for a year.
We capped the max contribution to 50 ETH for presale and also minimum is 0.01 ETH.

Question 5: What is the utilities of CDFX token, and how is the usecase of CDFX token on Citrix ecosystem?

Deboray Jay | CitrixDeFi: CitrixDeFi, a decentralized protocol for peer-to-peer and inter-platform lending and liquidity is an open-source Ethereum based protocol. It is built to allow lending and pooling of digital assets. It comprises inter lending, and inter liquidity protocol.

CitrixDeFi protocol is a non-custodial inter protocol DApp that allows lenders and liquidity providers to put their crypto to work. The protocol is an open-source, Ethereum based App for digital assets that allow assets holders to lend, borrow, and provide liquidity as needed. It allows users to have a digital representation of their assets in terms of CDFX. That way, users can lend, borrow, and provide liquidity as needed throughout the integrated DeFi protocol.It is simplified because it makes the work easy for those who want to earn income using different Defi platforms. Automation makes the difficult part easy for Investors.

Segment 3: Free/Live Questions

Telegram User: What sort of a mechanism on your ecosystem do you have behind CDFX token to determine/increase its intrinsic value? How do you plan to increase the demand and the adoption of the token?

Deboray Jay | CitrixDeFi: We have excellent Staking and APY for investors .
CDFX Staking dapp will be live on October end and we are allocated 25% of CDFX tokens for Rewards. Estimated annual yield will be 100% of the amount staked. For instance, if you stake 100 tokens for 365days you will get 100 tokens as rewards in the end.

https://citrixdefi.com/citrixDeFi.stake/

Telegram User: In what kind of ways does CitrixDeFi provide security for their users’ data? Is your project is fully decentralized and is there some risk of centralization in the future?

Deboray Jay | CitrixDeFi: Yes CitrixDeFi Protocol is fully decentralised ..and we can use many security layers to protect user data and our platform.. there is no compromise on security..

Telegram User: Which area are you focusing on at the moment? (DeFi, Stake,Dapps..) and what is your goals in this year ?

John Richards | CDFX: Yes we are launching staking DAPP in this year and The protocol is an open-source, Ethereum based App for digital assets that allow assets holders to lend, borrow, and provide liquidity as needed. It allows users to have a digital representation of their assets in terms of CDFX. That way, users can lend, borrow, and provide liquidity as needed throughout the integrated DeFi protocol.It is simplified because it makes the work easy for those who want to earn income using different Defi platforms. Automation makes the difficult part easy for Investors.

CDFX Staking dapp will be live on October end and we are allocated 25% of CDFX tokens for Rewards . Estimated annual yield will be 100% of the amount staked. For instance, if you stake 100 tokens for 365days you will get 100 tokens as rewards in the end.

https://citrixdefi.com/citrixDeFi.stake/

Telegram User: What kind of a role does the CitrixDeFis token play in your infrastructure? Are the CitrixDeFis tokens required to be owned in order to do transactions through your platform?

Deboray Jay | CitrixDeFi: yes, Citrix operates varieties of DeFi services, there are varieties of fees on the Citrix platform. The fees s as follows;
ETH to ETH- The fees between ETH swap, lending, and providing liquidity depends on the inter- DeFi charges and the Citrix protocol. The Citrix protocol charges 0.1% for every ETH lending, liquidity, and swap fees on the platform. on the other hand, it charges 0.05% for inter-protocol services.

ETH to ERC20
ERC20 to ERC20
ERC20 to other digital assets
Digital assets to digital asset.

Telegram User: What is the uniqueness of your project that cannot be found in other project. that’s been released so far? And how the demand of the token will increase in the future? or what steps would you take to increase the demand?

John Richards | CDFX: Our platform offers three core solutions to participants. Citrix solutions include the Defi lending of digital assets, providing digital assets liquidity, and Inter DeFi platform lending.

Samuel Yabes: Thank you so much for giving us your valuable time for answering our community questions. I hope you have enjoyed this #AMA With our community

Deboray Jay | CitrixDeFi: Hey ..thanks.. nice time with you guys..

For more information and future AMA, join our Social Media channels:

Cryptoscreen Indonesia
Cryptoscreen Announcement
Cryptoscreen Twitter

CitrixDeFi Community
CitrixDeFi Twitter

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CRYPTOSCREEN is an Crypto Community formed to provider education around the world of cryptocurrency : Trading, Bounty Campaign, Airdrop and AMA.