AMA Recap: Gem Chasers & Vox Finance
Tags: Cryptocurrency, Defi, Yield Farming, Altcoins, Bitcoin

Gem Radar ✪:

Ok guys welcome to another AMA series with @Gemchasers, today here we have with us Vox Finance. A project that we have started to truly support and believe in. Welcome Luka. How are you doing ?

Luka @ Vox Finance:

Hi everyone! Really glad to be here with you today!

I’m doing great, thanks for asking. Always developing :)

And yourself?

Gem Radar ✪:

Thank you Luka, yes I know you are a very busy person, especially with all the updates $VOX is getting. I am doing fine my self as well thanks for asking!

So for the people who don’t know about you as an individual, would it be okay to introduce yourself and your past experience with cryptocurrency?

Luka @ Vox Finance:

Sure, I can share a short intro about myself!

My name is Luka, currently living in Germany and I’ve been a part of many fintech companies and recently banks throughout Europe where I’ve been employed as a Blockchain expert — however, about a half year ago I decided to pursue my own path and start building projects in the DeFi sphere. I always thought that traditional banking is just too far away from the customers themselves and after a few years, it was time to move onwards!

Hope that gives a brief overview of my experience outside of crypto — otherwise I’ve been active in the space since 2016/2017 when we set up a crypto mining farm which still works today!

Gem Radar ✪:

Definitely does, so you are a “Doxxed Developer” right? 🙂

Luka @ Vox Finance:

Yep! We’ve done a live AMA with CryptoWendy over on Youtube and recently we started doing video recorded q&as — we plan on doing these every so often to answer our community’s questions.

Gem Radar ✪:

Yes I’ve seen a few of those already personally, and I love the fact that your team is so reachable and linked with the community! So for the people who don’t know what Vox Finance is about, how would you describe your project in your own words? Why should people utilise your platform?

Luka @ Vox Finance:

I’d say to the newcomers that Vox Finance is the only truly professional, modern and fully functional yield-farming platform. We have staking, liquidity farming and vaults launched and TRIPLE-audited.

We’ve also got a fully functioning governance platform powered by quadratic voting which gives powers to our users — our slogan — Vox Populi, means exactly that, voice of the people.

We also offer 4 vault strategies that allow you to earn passive income with stablecoins and wrapped bitcoin all without impermanent loss risk!

Even after 2 months of existence, our APY rates are still considerably welcoming and something I’d like to point out is how smooth our user interface and website works — we haven’t had one issue since starting our project.

Gem Radar ✪:

Love it. Your project is all about creating a community and letting there voices be heard so they can make the decisions. So I guess that $VOX is a pretty big believer in governance. What are some of the requirements to be apart of getting your voice heard and what exactly can you do ?

Luka @ Vox Finance:

So, basically the process starts with our staking pool — people need to deposit VOX to receive our governance token POPULI in a 1:1 ratio. Once you leave the staking pool, your POPULI tokens will be redeemed, so this is where the “exclusivity” comes from.

With POPULI you can do three things:

- join private staking pools that pay out tokens from other projects

- vote on protocol changes

- take part in the governance forum where you can share your ideas, suggestions, feedback and anything else that is related with the project itself!

It’s quite a powerful governance system and we’re proud to say we’ve built it from the ground up ourselves!

Gem Radar ✪:

I love the fact how you allow the community to engage with decisions. So it is a community driven project. Can you please explain the mechanics of your tokenomics? As I find that quite interesting as well. How does it actually work?

Luka @ Vox Finance:

So, what makes us stand apart from almost any other project is two mechanics

Firstly, that’s the low token supply of only 4000 tokens at this moment — our max cap is set at around 4500 tokens which will be reached in the next 3 months or so.

Secondly, we have our 2 % burn rate on all transactions which brings in a deflationary factor and helps with the selling pressure.

But most importantly we have a unique emission system. Our protocol still mints newly created tokens and will continue to do so — but our goal is to bring this newly created token amount to the amount of he daily burned tokens.

This can create an economy that will be self-sufficient while still enabling staking and farming by paying out rewards to the participants!

For example, per day we’re now minting around 30 tokens and burning between 10–20 depending on the day — so we’re quite close to our goal.

Gem Radar ✪:

So currently new tokens are getting minted to reach the max cap of 4500 tokens. However at the same time it has deflationary features as well? Is there anyway to increase the burn rate?

Luka @ Vox Finance:

Correct, it’s a mix of both inflation and deflation with the goal of finding an equilibrium.

Yes, we can increase the burn rate higher — but we’ve seen from the past that this can be a huge entry barrier for some users.

Gem Radar ✪:

I see. So currently you are still developing things for $VOX right? as you mentioned you are always developing.. Will we be seeing some developments made in the $VOX ecosytem? I have been following your roadmap and I am impressed by the way you and your team have progressed through it to be honest.

Luka @ Vox Finance:

Yes, we’re always looking to build more things!

We have some interesting developments lined up such as new partnerships, our stablecoin swap platform is coming up very soon and we’re always bringing out small developments such as the emission cuts.

The most important of these is definitely the stablecoin platform — it will allow you to swap between stablecoins with close to zero fees and no slippage!

Gem Radar ✪:

Can you please tell us a little more about the stablecoin swap platform? 🙂 what does this mean for $VOX?

Luka @ Vox Finance:

$VOX wants to be the decentralized finance platform that combines it all — staking, yield-farming, stablecoins and whatever else is created in the future!

Our next step of implementation is the stablecoin swap platform. People will be able to deposit stablecoins into the swap platform and earn small rewards on their investment. Every swap that will happen on the platform will pay out the liquidity providers. Additionally, $VOX holders will be able to swap with a 50 % reduction on the fee!

Gem Radar ✪:

Awesome. Building upon $VOX’s ecosystem and expanding would definitely be exciting. You mentioned you have some partnerships you have lined up. Can you mention these at the moment? Are there any collaborations you are in talks with or anything like that?

Luka @ Vox Finance:

We’re currently in talks with a project to announce as a new addition to the private pool offering, we’ll be able to share the name very soon!

However, we’re also in talks with ZZZ Finance for their v2 model with which we would like to build a deeper relationship and create something together! It’s still early in development but definitely exciting and we can’t wait to share more with the community.

Gem Radar ✪:

Wow this seems really interesting. So you are currently trying to offer the community more opportunities. Collaborating with ZZZ in their v2 launch would definitely be interesting. Thank you for sharing this with us, even though it’s in early stages. I would really like to see a VOX x ZZZ collaboration happen in the future. And I hope that VOX will look for more partnerships like this, I really do think it would be beneficial.

Luka @ Vox Finance:

Thanks for sharing your kind words, we’re looking forward to it as well! And partnerships are definitely the future.

Gem Radar ✪:

I love how you VOX is continously in development and partnership mode. Would you be able to tell us some more information about the security level and measures VOX Finance takes? I know you have been audited multiple times and that is amazing that you have done that. But why did you externally audit more then once? What made you make that decision? Also was there ever any major bugs found?

Luka @ Vox Finance:

We’ve done two initial audits for the launch of the platform to inform the users of our transparency and intentions. We’re here to provide a secure and trustworthy platform. All of the relevant issues that the audits have found have been already resolved, yes.

Recently we’ve conducted our third audit for the vaults platform which was a 100 % secure audit — absolutely no issues found!

We plan to check all other project features we launch in the future as well — that’s especially important now when we see how other projects are treating their customers.

Gem Radar ✪:

Since launch, you have been so transparant. Multiple audits have been done, absolutely zero issues with the code, doxxed team, tokenomics is absolute crazy. It is almost any investors dream to be apart of a project like this. I mean in these days we are in currently right now, it’s a no brainer to trade, invest or stake from a project like $VOX Finance. Infact at one stage you reached an ATH of around $2.4k. So I have to ask, and I know this is personal, but I want to really disect everything here and I know you are a transparent person. $VOX hit an ATL a couple of days ago of $171.47, although we are seeing some healthy bounces back up (CP $254) why do you think this price as dropped so much from the ATH?

Luka @ Vox Finance:

I think it’s mostly the fact that we’ve done some adjustments too late unfortunately — especially the emission rate cuts should have been done earlier.

Another important thing to note is that yield-farming projects in general have this trajectory of over-performing first and because there is so many new projects starting every day, people lose their attention quite fast, but this is every investor’s own decision.

And finally I’d like to say that VOX is a community-driven project — there is no project funds and almost everything we’ve gained was deposited back into it’s growth, but this is not a sustainable model by itself. That’s why we rely so much on our community’s support to send us forwards.

We’re always here as developers and always busy building something new. And as any other projects, there’s much to learn along the way while building it.

Gem Radar ✪

Emission rate cuts is definitely going help with some price action. I’ll be honest here, I’m also a holder of $VOX and I really believe in your project and respect the team for there hard work. With all these partnerships, updates and new developments coming, I strongly believe we are on the road to break a new ATH for $VOX. You have proven multiple times you’re team is here to stay and is able to keep up with the #DeFi trend. Vox actually has a strong community, and if we can the community stronger then we can all be happier as well. At the end of the day as you said this is a community-driven project, it’s been specifically designed for the peoples voices to get heard. So although your team is the one that does the final developments and releases the news. It is up to us as a community to vote in which direction $VOX goes, and currently I see a bright near future for Vox Finance.

Luka @ Vox Finance:

That’s extremely kind for you to say and I’m happy to have you as a supporter of our project and what we can promise form our side is that we’ll keep building keep listening.

It’s not an easy path but we believe we can get there together and even with the features we offer at this moment, I believe we have a very solid package with a lot of security that everyone should try out — you won’t be disappointed.

Gem Radar ✪:

I agree. It’s not an easy job that you have. Dedicating all this time for a community driven project should just speak for it self anyway.

Ok, so we have some questions from the community that we’d like answered, we have preselected 3 questions for you to answer. Let me know when you are ready!

Luka @ Vox Finance:

Ready to receive the questions!

Gem Radar ✪:

@leydiiiiiiiiiiii asks, Since 2020 is about to end, I wanted to know what is the most memorable achievement vox has accomplished and what are the upcoming plans that will help boost vox’s reputation?

Luka @ Vox Finance:

I’d say the entire journey has been one memorable achievement! But personally what stands out for me would be the governance platform launch because that was the first truly community-oriented solution with quadratic voting that was built by ourselves and also received very positive remarks!

As mentioned for the upcoming plans we have two partnerships lined up, which will be announced hopefully soon and the stablecoin swap platform coming out until the end of the month. In 2021 we’re continuing with our mobile application and then after that we’re opening our lending & borrowing platform!

Gem Radar ✪:

@SayaSiapa999 asks, I see that you’ve opened a private pool with $OBR Reward. How will this collaboration with $OBR Rewards will benefit your project? And what are the benefits from that collaboration for $VOX Token Holders?

Luka @ Vox Finance:

Yes, OBR was our last partnership deal. It helped us by creating a new private pool which is exclusive to our stakeholders, meaning anyone who is staking VOX can join in the private pool to receive additional rewards without any commitments.

We’re always looking for opportunities to continue collaborations such as these and we hope we’ll be able to announce one very soon. Thanks for your question!

Gem Radar ✪:

@Vitozacky asks, With the governance token Populi, which we will collect when depositing VOX to the VOX staking pool, what privileges will we benefit from the ecosystem and does having Populi bring additional staking rewards?

Luka @ Vox Finance:

By holding POPULI you are automatically earning VOX staking rewards — so this is where your primary incentive comes from.

But, along with that you have three exciting benefits:

- participation in private staking pools to receive additional rewards with no commitments from your side,

- voting in our governance platform to decide how the protocol develops

- access to the governance forum to share, discuss and propose changes to VOX on which the community will later vote on!

I think that’s a nice overview of our governance system for you!

Gem Radar ✪:

Thanks for the review Luka, you have nailed every question the community has asked as well as the questions I asked. We’ve really dived in deep today to learn more about Vox Finance and it’s future updates as well as refreshing our memories that Vox is still here and is here to dominate. Thank you so much for spending time with us today. We really appreciate you dedicating your time to explain everything to us again, I hope that this was also fun for you to speak about Vox Finance as an overall 🙂 Have a great day!

Luka @ Vox Finance:

No problem, you can gladly come over to our channel and ask anything that you’d like to know, we have a great community helping us with that. I’d like to thank you for the great organisation, for taking your time and for listening to me!

Was a privilege and a great AMA, and I wish a nice day to you and to everyone in the community :)

Gem Radar ✪:

Yes, I encourage everyone to join over to Vox’s official group chat for more information 🙂

https://t.me/VoxFinanceCommunity