CryptoBooster X Marnotaur AMA Recap on Aug 25th



Part 1 — introduction and questions from the Twitter retweet

Zhangruikiki | CryptoBooster:

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

We are very eager to learn about your amazing project.

Masha Danilova | Marnotaur:



I am Mariia and I’m part of the Marnotaur team. I have worked with leveraged contracts for 3 years before entering the project. Now I am working as a Project Manager of Marnotaur.


Marnotaur is a liquidity protocol for margin trading. We are creating a user-friendly platform where traders, liquidity providers, farmers and liquidity keepers can multiply their gains. The protocol is compatible with different blockchains and other protocols

Zhangruikiki | CryptoBooster:

Thank you for this great overview.

How did you come up with Marnotaur? What problems does Marnotaur solve?

Masha Danilova | Marnotaur:

Before creating the Marnotaur solution, we analyzed the market and decided to create a platform that will solve the problems associated with interaction between crypto-assets, gas prices, lack of assets and pools, offering more profitable and convenient conditions for trading and farming


The word ‘Marnotaur’ is a combination of ‘Margin’ and ‘Minotaur’, which we translate as all the advantages of margin trading and a bull market. The inspiration for the name Marnotaur came from the myths of ancient Greece, from the Minotaur who lived in a maze


Moreover, the idea of margin trading is at its peak now and our team is designing a new cross-chain platform that will allow both investors and traders to get the maximum profit out of trading and farming on DEXs like PancakeSwap, SushiSwap, 1inch and others

Zhangruikiki | CryptoBooster:

Thank u!There is an issue of concern to us all.

At what stage of development is your platform now?

Masha Danilova | Marnotaur:

Currently, we are getting ready for the testnet release and inviting our community to take part in the testing. To join the testing and earn rewards, users need to fill out a form:

https://forms.gle/UaKk96J4DQzjqdDp6.

There will be 4 development stages to the Marnotaur: alpha, beta, gamma and mainnet. They differ in the sums that users can deposit, borrow, lend and trade

Zhangruikiki | CryptoBooster:

Thank you very much!Now let's move to our first part, we will ask you some questions coming from Twitter.

are you ready?

Masha Danilova | Marnotaur:

Great!


Q1. I have read your project and I can say that I like it. What kind of strategy and development do you plan to do to prevent whales from constantly taking a big share of the pie? @connecting4191

Masha Danilova | Marnotaur:

We are going to create a permissionless solution that will allow all our users to create their own pools and set any rules and leverage for them

Q2. The maximum leverage provided to users by Marnotaur is 5x. Why did you set a maximum of 5X when many CeFi platforms have higher leverage? Why would a user using other alternative platforms come back to you?@canadalican

Masha Danilova | Marnotaur:

We are starting with a leverage of 5x - the most optimal leverage to reduce risks and increase profit. In future stages, we are going to offer leverage from 1x to 10x. We provide users with such a leverage to help protect them from losses. Inexperienced users could immediately get a liquidation call and lose most of their capital

What about our features that give us an edge over CeFi platforms – we are creating a DeFi product so you don’t need to pass any KYC/AML or do a lot of other stuff in order to take leverage. You just need to connect your wallet. Everything is very simple

Q3.Hackers are very active in the market and almost every day we hear about another hack attack. Can you please provide some information about the security arrangements for your project? How safe is investor funding? Do you already have an audit?@OnlyGam18270560

Masha Danilova | Marnotaur:

The safety of our users’ funds is guaranteed by decentralized smart contracts. Our smart contracts have undergone an audit and have been declared as reliable

Q4.Is your project fully decentralized and is there some risk of centralization in the future? Many Project talks only about their Strengths, Can You talk about the weak point that You project is Currently Dealing With?@Ramachari_2

Masha Danilova | Marnotaur:

Our project is fully decentralized.

But what about our weak points — we want to point out that we are in the development stage right now, and we can take into account all the market’s ins and outs. Moreover, the community’s opinion is very important to us. That is why we are about to launch a testnet, so please join it by filling out the form https://forms.gle/UaKk96J4DQzjqdDp6 .

We will be glad to receive feedback and are going to improve our products according to our community’s needs🙏

Q5.You have hosted a very useful Ama session and received lots of questions about vision / mission, technology, utilities, etc. So, What do you want to receive from the community And how can we help with your project?@Airdop_M

Masha Danilova | Marnotaur:

Firstly, I would like to say that a large and supportive community is very important to us, as our project is created to people and to allow them to multiply their gains

Our main goal is to get more liquidity and active users now, and that is why we have created local communities that are backed by our KOLs and support team. So, the best help you can provide us is to start using the platform at the beta stage and give us your feedback

Part 2 — live questions from the Telegram community

Q1 from telegram username @langhvca

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 ommunicatee and understand your project?

Masha Danilova | Marnotaur:

Global awareness is very important to the development of our platform. That is why we have already created local communities, backed by Local KOLs and our support team

MAIN https://t.me/marnotaur

Spain https://t.me/MarnotaurESP

Italy https://t.me/MarnotaurIT

Korea https://t.me/Marnotaur_Korea

Vietnam https://t.me/MarnotaurVT

Japan https://t.me/MarnotaurJP

China - https://t.me/MarnotaurCH


Moreover, the site (http://marnotaur.com/) and platform is now being translated into different languages and soon more language options will be offered for our products. Nevertheless, we believe that DeFi language is universal and we are trying to make the product as simple and as user-friendly as we can

Q2 from telegram username @bigboicity12

Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?1345

Masha Danilova | Marnotaur:

$TAUR is the utility token of the Marnotaur platform. The token will be used for the following purposes:

- Rewarding users for providing liquidity

- Rewarding stakers with a share of the revenue from liquidations

- Rewarding farmers

- Platform governance - token holders can vote on proposals regarding platform development


We also have a Buy & Burn program to decrease the number of tokens in circulation and to make the token more valuable

Q3 from telegram username @Risky896

Do👉👉 you have any plans to add Nft's to your ecosystem as this is the hottest topic in the crypto space?

Masha Danilova | Marnotaur:

Yes, we are planning to integrate NFTs in our ecosystem on future steps. Holders of special NFTs will receive the access to advances options of the platform

Q4 from telegram username @fuchrsa

For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it is developement Can you tell us that how your project generate the profit?

Masha Danilova | Marnotaur:

Our project is self-funded. We plan to raise funds from large Venture Capitals and we are also considering them as liquidity providers for our platform. And now we are working with MakerDAO to launch an IDO on BSC.

Q5 from telegram username @Romjn77

How many partners are there in project? And the benefits that these partners bring to platform and vice versa?

Masha Danilova | Marnotaur:

All our partners can be found on our website https://marnotaur.com.

You can find detailed information about each of our partnerships and future cooperation fields in our Medium partnership articles: https://medium.com/marnotaur



Part 3 — Quiz Results

Q1. What is Marnotaur? (B)

a. An EVM-based, lend/borrow only platform with over-collateralized mechanics

b. A cross-chain, under-collateralized trading platform for existing AMMs

c. An NFT staking platform

d. A perpetual contract trading platform

Q2. What chains will be supported first?(C)

a. Ethereum

b. Binance Smart Chain

c. Ethereum & Binance Smart Chain

d. Ethereum, Binance Smart Chain, Solana

Q3. Are there any trade restrictions on the Marnotaur platform? (B)

a. There is a KYC procedure that should be passed prior to opening positions

b. There are no limits to using Marnotaur for users

c. Users can bar other users from trading through the DAO voting system

d. Users can be banned by IP from visiting the platform

Q4. What actions are NOT available on Marnotaur? (C)

a. Trading with leverage

b. Managing risks

c. Transferring position to another wallet

d. Farming with leverage


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

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

Twitter: https://twitter.com/CryptoooBooster

Our partners:

Telegram Channel: https://t.me/marnotaur

Twitter: https://twitter.com/marnotaur

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