THE NEXT WILL AVAILABLE IN

 
 

[AMA RECAP] : CRYPTO CHALLENGERS x SPHERIUM FINANCE

Venue : CRYPTO CHALLENGERS
Date :01 Oct 2021
Time : 05:00 PM UTC.

Guest : Team
They shared detailed information and his opinions about the project SPHERIUM FINANCE.

🔴 SEGMENT 1 INTRODUCTION

1. Could you Guys please provide a quick self-introduction for the community?

Sheel Khandelwal:
Spherium is a fully decentralized cross-chain interoperable platform with a suite of DeFi protocols all in one place — HyperSwap, HyperLend and Spherium wallet. $SPHRI is the native token that governs the Spherium ecosystem.

2.Can you briefly introduce the project SPHERIUM FINANCE what are some of utlities of $SPHRI ? How do you think you stand out among the competitors if there are any?

Sheel Khandelwal:
Spherium Finance is a decentralized cross-chain platform that optimises return on crypto-assets while minimising risks. The platform offers speedy transactions and ample security from front-running or flash loans.

As a platform for everything DeFi, Spherium Finance runs on Binance Smart Chain, Ethereum Blockchain, and the Polygon Network (upcoming releases), allowing crypto lovers to conveniently stake, swap, lend and borrow tokens.

Here are some of the ways Spherium Finance will make DeFi bigger:
– Bringing more assets to Spherium: In the last few months, we went through a rigorous process of planning the Spherium token (SPHRI) generation event, taking into consideration legal, security, compliance and risk aspects. With the SPHRI tokens getting listed on several platforms soon, Spherium users will have the opportunity to make decisions while adjusting risks.

– One wallet, multiple chains: The Spherium cross-chain wallet will let our users have access to all our services at all times while also connecting to any DeFi platform through the WalletConnect protocol. With payment gateways and crypto-to-fiat payment facilities integrated into the Spherium wallet, our users will be exposed to a world of possibilities with DeFi.
This simply means making all your digital assets work from your pocket.

– Modern solutions for borrowing and lending assets: HyperLend — our decentralized pool-based lending protocol developed on the Ethereum blockchain — will facilitate seamless borrowing and lending of crypto-based assets.

The HyperLend money market is a pool of selected assets that algorithmically derive interest rates based on demand and supply for the asset. With this protocol, lenders and borrowers will interact with the protocol directly to earn and pay respectively.

– DeFi is global, and we aim to be too: Spherium Finance is aiming to go global and striving to see our products cater for users outside Asia, America and Europe. This will increase the number of people who have access to our products and further our mission of promoting financial freedom globally.

3. Can you share the achievements the team has made so far ? what are the major achievement target $SPHRI is yet to achieve . If possible also share your roadmap

Sheel Khandelwal:
Here is our RoadMap….
We proud to have completed the Testnet phase with an exceptional feedback from Testers for our Decentralized Token Swap Platform; HyperSwap

We are set to release the mainnet for HyperSwap soon…

4. Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?

Sheel Khandelwal:
Our Audit Partners are Halborn Security, PeckShield & Quilhash…

With Spherium users will have access to a complete suite of DeFi services like Token Swap through HyperSwap, lending services with HyperLend and an integrated wallet as well….

We are super-excited for HyperSwap which will allow instant cross-chain interoperability with integration of Ethereum and Binance Smart Chain….And more chains coming soon…

It will the most elegant DeFi platform users will ever see….

5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution

Sheel Khandelwal:
So, our native token is $SPHRI.
The supply for which is 100M

And more details about our tokenomics can be found here: https://medium.com/spherium-finance/spherium-tokenomics-update-5cbd0d513a5a

In general we want all our backers to be long-term supporters. That’s why we have a 2-year vesting schedule for all our pre-sale rounds.

We have kept team vesting, because we believe in what we are building…
Spherium’s ecosystem will enable smooth DeFi usage and some exhilarating passive income sources…

Just like we have our Lock & Earn Program and Liquidity Mining Programs on Gate.io

🟢 SEGMENT 3 TELEGRAM LIVE

Walter White!:
Partnership and collaboration is essential for the project development and success . Who are your major partners and what plans do you have further. Please share your roadmap if possible?

Sash | will never DM you first:
Our partnership are based on realistic long term plans that will benefit both project, we have been flooded with partnerships offers but because we are a DEX there’s certain specific qualities we look in our partners. This is why you won’t see us rushing with partnerships, as we got big things coming.

Q2-Chirag Khandelwal:
Why one should use your project over other defi project?

Sheel Khandelwal:
Spherium is not just a simple DeFi project…
We are building products that will revolutionize the whole domain of decentralized financial services…
We wish to bring mobile-first banking services to the users…

Q3-Walter White!:
How strong is your team? Many projects starts with good impression and later abandoned the project. What makes your project different than others?

Sheel Khandelwal:
We have a small and dedicated team of some highly experienced blockchain and crypto experts…
What sets us apart is the fact we operate on a transparent model where wish to be a part of the community, engage with them, understand the real-world problems and build our services around it to serve a genuine cause.

Q4-SUPERMAN:
Can you list 1-2 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Sheel Khandelwal:
We have our Token Swap platform coming up in the month of October.

HyperSwap will allow users to swap tokens based on Ethereum and Binance Smart Chain with extreme low fees.

Also, our lending platform HyperLend will be a game changer in the lending protocol.

These products, along with a much integrated community and some more big updates coming up will make us standout in the present DeFi space.

Q5-Muhammed Bilal:
Hello sir 💖

can I buy your $SPHRI tokens right now and also which wallet support your token???

Sheel Khandelwal:
Yes…we are available on Uniswap and Gate…
You can go and buy $SPHRI…
We have an ongoing NFT giveaway as well especially for $SPHRI hodlers…

We would like to thank everyone for coming here and participating in this AMA…
Spherium is on a mission to bring users closer to the usability of DeFi and instill a trust in the power of blockchain and decentralization…
With out current products and future roadmap, all we can say is come be a part of Spherium and witness the change yourself…

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