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CryptoBooster X Jetfuel Finance AMA Recap on August 13th

Updated: Aug 14, 2021



Part 1 โ€” introduction and questions from the Twitter retweet

Car Marz | CryptoBooster:

Hope you guys are well warmed up.

A pleasure to have you here. Now there's a lot of people with questions about JetFuel, Can you please give us an introduction about yourself and Jetfuel?

We are very, very eager to learn more.๐Ÿ”ฅ๐Ÿ”ฅ

jetfuelmiro | Jetfuel Finance:

Hello everyone! I'm very happy to be here. โœˆ๏ธ

Thank you for the warm invitation to be your AMA guest for the lovely Multi-Chain community

Car Marz | CryptoBooster:

An honour for us Sir.๐Ÿ˜ƒ๐Ÿ™

jetfuelmiro | Jetfuel Finance:

So Jetfuel Finance is a 1 stop shop for the DeFi user. Our mission is to create a trusted, audited, and safe environment to interact with all aspects of DeFi.

The Jetfuel Ecosystem lives on the Binance Smart Chain and Polygon Networks. We have yield optimizers, staking, multiple yield farms, lending borrowing decentrlized money market, a highly successful launch pad, and governance. Soon we'll have an amazing NFT series

Our Ecosystem includes:

Jetswap.Finance - BSC AMM

Polygon.Jetswap.Finance - Polygon AMM

Fortress.loans BSC Money Market with lending and borrowing

Jetfuel.Finance - Yield optimizers (Jetfuel has been merged into Jetswap now)

Car Marz | CryptoBooster:

Massive thanks, wow.. So many amazing features. ๐ŸŒช๐ŸŒช

So let's move to our first part, we will ask you some questions coming from Twitter.

As you may imagine a lot of interest for your project.are you ready? ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

jetfuelmiro | Jetfuel Finance:

That's great, i'm sure they've had a lot of good questions!

Car Marz | CryptoBooster:

Let's start with the first one.

Q1. Jetfuel finance has many products,such as Jetswap,Fortress,Vault...How to combine them to form a defi ecosystem? @chigga08854035

jetfuelmiro | Jetfuel Finance:

That's a great question! We have a lot to offer so please give me a bit to type it all out .

The Jetfuel Ecosystem consists of 2 major websites, Jetswap.Finance & Fortress.loans

Jetswap is our native DEX AMM. Our tokens for Jetswap is $WINGS & $PWINGS.

Buy WINGS here ๐Ÿค‘ Buy $WINGS here: (https://exchange.jetswap.finance/#/swap?outputCurrency=0x0487b824c8261462f88940f97053e65bdb498446)

Buy PWINGS here: ๐Ÿค‘ Buy $pWINGS here: (https://polygon-exchange.jetswap.finance/#/swap?outputCurrency=0x845e76a8691423fbc4ecb8dd77556cb61c09ee25)

Jetswap is a high volume exchange with a number of profitable features for the community!

Currently there are $30,000 Daily rewards for WINGS and $40,000 Daily rewards for PWINGS.

Wings and Pwings both share the same tokenomics and exist on separate chains to act as a governance and liquidity incentive token. So WINGS will not be bridged to Polygon and PWINGS won't be bridged to BSC.

You can earn WINGS/PWINGS from our high value daily lottery, massively profitable yield farms, or lucrative single staking pools. Right now 75% of daily emissions is directed at WINGS/PWINGS to ensure the hodlers are the most rewarded.

Fortress.loans is our decentralized money market and lending protocol!

Check it out here: https://fortress.loans/

Here you can lend and borrow up to 14 assets! We currently support USDC, USDT, BUSD, BNB, BTCB, ETH, LTC, XRP, ADA, DAI, BETH, DOT, and FTS & FTS-BNB LP.

Fortress is giving lenders insane APYS!

One of the great features of Fortress is that you can borrow money against your deposits and GET PAID TO BORROW!

Green means positive and Red means you pay interest.

So here you can get paid 1.19% APY to BORROW BNB!

how crazy is that.So buy lending and borrowing you're earning FTS which is the governance token. Governance has just been rolled out so now users can use their FTS to vote and make proposals to dictate the future of Fortress.

Buy FTS: ๐Ÿค‘ Buy $FTS here: (https://exchange.jetswap.finance/#/swap?outputCurrency=0x4437743ac02957068995c48e08465e0ee1769fbe)

Car Marz | CryptoBooster:

Wow man, that's just impressive.so many feature and getting paid to borrow.Crazy stuff ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ’ช๐Ÿฝ

We love it.

Now 2nd question, very dear to us about funds safety.

Q2. Recently, several defi websites have been hacked. How does jetfuel ensure that the system is completely secure? @rick69052009

jetfuelmiro | Jetfuel Finance:

Security is #1 for Jetfuel!!

We have had over 10 AUDITS done on our code done BEFORE we deploy.

We get our audits done and clean up and fix issues BEFORE the pubic uses the code. We need to ensure that our protocol is as safe as possible.

Jetfuel started in Dec 2020 and we've operated for nearly 9 months with ZERO security issues and ZERO exploits!

We may be one of the only projects to be able to say this. This is part of the reason our TVL is over $100 MILLION!

You can see our audits here

https://jetfuel.finance/audits

https://jetswap.finance/audit-by-etherauthority.pdf

https://jetswap.finance/audit-by-hash0x.pdf

We also recently partnered with Chainlink to upgrade our price feeds and oracles for Fortress.loans.

https://twitter.com/jetfuelfinance/status/1422165481184796679?s=21

This means we have the BEST prices on Fortress. This prevents manipulation, unnecessary liquidations, and keeps users funds safe from flash loans.

Car Marz | CryptoBooster:

Thanks you Sir, good news for us and for everyone enjoying the safety of the DeFi services you offer.

So let's go for the third one.

Q3. You said you plan to create NFT minter and marketplace which blockchain are you going to use for this BSC or MATIC? Or others?@cryptotrung

jetfuelmiro | Jetfuel Finance:

This is a great question!

So we are actually currently in development of our Jetfuel Commander NFT Series. It'll be 10,000 unique NFTs built from 200 individual attributes.

We're planning on giving our wonderful community chances to get their hands on these NFTs in a number of great ways like stake and burn WINGS/PWINGS, buying them, raffle prizes, and random giveaways.

Here's a sneak peak of the upcoming NFT series

https://twitter.com/Jetfuelfinance/status/1425607722658111491?s=20

The minter and marketplace is later on the roadmap and we can have more new about that in the future. ๐Ÿ˜

Car Marz | CryptoBooster:

Now let's move to number 4.

A lot of interest in Fortress. ๐ŸŒช๐Ÿ™Œ

Q4. We can see in your article that a lot of updates have been made to Fortress. Can you briefly explain for us what are the details of this update? What are the benefits of doing this? @Ulrica54492291

jetfuelmiro | Jetfuel Finance:

Sure! Here is an article that go in depth the changes we just pushed to Fortress https://jetfuelfinance.medium.com/fortress-protocol-governance-updates-1d9a8799e64c

And let me give a brief overview of the updates.

Our missions has always been to provide safe and profitable applications for our investors. DeFI lending opens up SO many possibility for investors to unlock the power of their assets.

Lets say you have Bitcoin and don't want to sell it but really want to participate in Yield Farming. You can supply to your BTC to Fortress and earn 4-5% interest, you can then borrow BNB against the BTC and get paid 1% to borrow the BNB. You can take the BNB and go do whatever you want with it! So now your BTC is safely earning interest and you're able to generate more income and get paid to do it.

There are no payments, late fees, just pay back the interest accumulated when you're ready to stop borrowing.

Our recent updates for Fortress include:

-Transfer the Oracle Provider from Band to Chainlink .

https://twitter.com/jetfuelfinance/status/1422165481184796679?s=21

-Updates from Dynamic Rates to Fixed Speed Ratings.

At launch, the FTS distributions would automatically update per the usage of the pools. This means if BNB suddenly received lots of borrow against supply, the FTS rewards would shift to the BNB pool to increase the APYs. Since our update was so large, the contract was maxed out and out of available data. So now the daily FTS rewards per pool is set by governance. The community can vote where the FTS allocations go now! There is 7123 FTS available to farm per day.

-Removal of FAI rewards and eventual elimination of FAI.

FAI was a stable coin you were able to mint against your assets. We eliminated FAI since we had no plans to support the FAI stablecoin and wanted to reallocate rewards back to borrows and lenders.

-Adding the possibility of borrowing caps on assets.

There may be cases where a borrow cap is needed, especially on higher risk assets or lower liquidity assets. This protects the protocol by limiting the max amount of the asset that can be borrowed. This can be voted and implemented by the community

-Add FTS as a single asset to earn FTS.

FTS has been added as a single staking pool! Stake FTS and earn FTS!

-Add FTS-BNB Pancake LP as an asset to earn FTS and promote FTS liquidity.

In order to promote FTS liquidity you can also stake FTS-BNB to earn more FTS!

-Cross Chain to Polygon.

We are nearly done with our Polygon code! Soon you'll be able to lend and borrow on Polygon and earn FTS while youre at it!

-Governance goes live. https://bsc.fortress.loans/vote

Governance is live! Check it out here:

https://twitter.com/Fortressloans

https://t.me/fortressprotocol

-Fortress only Telegram & Twitter

Car Marz | CryptoBooster:

Thank you for the great explanation, now we know everything about Fortress and its latest updates.

Last Twitter question.but not least of course.

Q5.Could you share more details about your native $ FUEL token? Is there a staking program within your platform where users can bet their FUEL tokens? And this token in which exchanges can it be traded? @Pham1999Cuong

jetfuelmiro | Jetfuel Finance:

$FUEL is the first token we launched on Dec 6 2020.

$FUEL is one of the BEST tax tokens you can buy and there really is nothing like it.

Buy FUEL here: ๐Ÿค‘ Buy $FUEL here: (https://exchange.jetswap.finance/#/swap?outputCurrency=0x2090c8295769791ab7a3cf1cc6e0aa19f35e441a) *USE 3% SLIPPAGE*

FUEL was farmed from Dec 6 2020 to June 5th 2021 and about 137,000 FUEL was "pumped" to farmers. We had over 90 million TVL at one point farming FUEL.

FUEL has a 2% fee built into each transfer. 1% is burned for ever and and 1% is sent to a special staking address.

So far we've automatically burned 13,389 FUEL just based on the transfer tax.

So FUEL is great but it gets better.

You can convert your FUEL to JETS. JETS is the staking and INCOME token for the protocol. Here's a read up on JETS https://jetfuelfinance.medium.com/introducing-jets-jetfuel-finance-staking-and-governance-token-and-preview-into-g-force-3ce719e9547b?source=user_profile---------28----------------------------

JETS earns the 1% fee from the FUEL transfers + 4% of every vault harvest from our nearly $10 million TVL of vaults on BSC.

This year JETS holders are earning over $1 MILLION per year in passive income.

JETS can also be staked for WINGS tokens at at HIGH APR.

Keep in mind there is a withdraw fee of 2.5% to go from JETS to FUEL. This keeps JETS holders sitting and collecting income.

currently 68% of all FUEL is staked for JETS!

Car Marz | CryptoBooster:

Wow, you guys have everything figured out.

Good news for your investors.and the many more to come also from this community.Looking at the questions and interest around your project.

Congrats to all the Winner for the Twitter questions.

Part 2 โ€” live questions from the Telegram community

Q1 from telegram username@Karena Freitas

Revenue is an important aspect for all projects to survive and maintain the project / company. What are your plans and ways to generate profit / revenue of token? In regard to this please explain your income model?

jetfuelmiro | Jetfuel Finance:

Every feature we roll out provides a revenue opportunity for the team and community. We have enough in our treasury to continue for years to come. โค๏ธ

Q2 from telegram username@Lawanda Rader

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

jetfuelmiro | Jetfuel Finance:

We've been around for nearly 9 months and have designed our protocol to be rug proof!

We have 0 access to your funds, LPs, staking, or any assets.

We've built it this way so even if we're hacked your assets are safe.

Q3 from telegram username@Roxanne Carlson

I wanted to follow your project for the long term. Where i can get all the latest news about your project? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?

jetfuelmiro | Jetfuel Finance:

Telegram:

https://t.me/jetfuelfinance/229052

Q4 from telegram username@Nhi

Partnerships and partnerships are one of the cornerstones of making defi more widespread, can you share some of the partnerships you've formed with existing blockchain platforms recently?

jetfuelmiro | Jetfuel Finance:

We're very excited about our $1 MILLION Jetswap Incentive Program. We're currently onboarding a number of great projects to use Jetswap Liquidity and they gain our support.

https://jetfuelfinance.medium.com/introducing-the-jetswap-1m-incentive-program-8dad765d5d0d

Q5 from telegram username@Louise

Currently from where i can buy ? Is it possible that I can get only by holding it?

jetfuelmiro | Jetfuel Finance:

Here you go!

https://t.me/multichainstar/39710


Part 3 โ€” Quiz Results


Q1.What products does the Jetfuel ecosystem include? (D)

A.Jetswap

B.Fortress

C.Gforce

D. All of the above

Q2.What tokens does Jetfuel finance contain?(D)

A.$WINGS

B.$FTS

C.$WINGS

D.All of the above

Q3.Which oracle was used in Fortress' recent update?(A)

A.Chainlink

B.Band Protocol

C.API3

D.NEST Protocol

Q4.What is the approximate APR of $CRYSTL Pool on Polygon Jetswap?(D)

A.100%+

B.300%+

C.400%+

D.600%+

Q5.What is the Polygon Jetswapโ€™s token?(B)

A. $WINGS

B. $PWINGS

C. $FTS

D. $FUEL

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


Telegram Community: https://t.me/multichainstar


Twitter: https://twitter.com/CryptoooBooster


Our partners Jetfuel Finance:


Telegram Community: https://t.me/jetfuelfinance


Twitter: https://twitter.com/Jetfuelfinance

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