AMA Recap Cryptoscreen With Fundme Life

On 11 February 2022, Fundme Life conducted an AMA in the Cryptoscreen Community. Our guest is the Crypto Tycoon of Fundme Life.

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

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

 

INTRODUCTION

Syaiful :
Okay, Before I start the first session can you introduce yourself to our community?

Crypto Tycoon :
Yes of course. Hi guys, I am the founder of Fundme.life. I have been in crypto space since 2017 as an investor til now and just started venturing my own crypto startup to help the crypto community as a whole to achieve mass adoption.

Syaiful :
Nice background.
thanks for the introduction.
Your experince will certainly motivate us in the future😊

Okay, In the first session I will give questions about Fundme life, if you have given an answer please say “Done”

Crypto Tycoon :
Thanks. I am a believer in crypto and I think crypto is the biggest wealth migration that is currently going on right now.

Got it

Syaiful :
Let’s start first Session

Crypto Tycoon :
hit it

Syaiful :
Q1. Can you tell the members a little about Fundme life ?

Crypto Tycoon :
Of course, Fundme.life was inspired from the recent events currently happening in Canada where truckers and people are protesting about mandatory vaccination. They had a Gofundme fundraising campaign to support their movement and they raised 10M usd but Gofundme froze their campaign and only received 1M usd. It was a big news and that’s where the idea of decentralized fundraising platform came in to idea and hoping to bring it to life with the support from pool of investors.

Syaiful :
Project interesting 🙂

Okay next to the second question

Syaiful :
Can you explain how Fundme life and what kind of services it offers to users?

Crypto Tycoon, [2/11/2022 7:24 AM] sure.

Fundme.life will a decentralized fundraising platform aiming to compete and replace Gofundme and give the platform user 100% governance over there fundraising campaign. I will be used mainly for charity organizations and people who wants to raising some money for whatever the case maybe.

Syaiful :
Q3. What products does Fundme life have and in the future, will you add more products?

Crypto Tycoon :
As of now we will be focusing on the fundraising feature where people can donate to their charity of choice using crypto or debit cards. We also plan to build a similar feature as dextool for our crypto investors to use and another means of income generation for the startup by running ads within the dextool. We will definitely explore more features as we continue to grow and the will benefit our platform users and token holders.

Syaiful :
Okay. Next Question

Q4. How do you solve liquidity issues and how to ensure user asset security?

Crypto Tycoon :
As of now we have 10% BUSD rewards allocated for our early investors. Once our platform is completed and getting traction from users which will drive our trading volume we will adjust the % of the rewards and LP to have strong economy within our tokenomics and increase fund in our LP.

Syaiful :
Next to the last question in segment 1

Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?

Crypto Tycoon :
As of now we are in what they call napkin sketch phase where everything is being worked on. Lite paper is being created as we speak. To give you guys a short roadmap, we will be partnering with launchpeer.com they are a hybrid incubator/co-investor they have successfully incubated 300+ tech startup and they are based in US as with Fundme.life will be. They will provide the team we need for marketing, developers, legal and the whole 9 yards to start a company. It will only cost us about 15k to collaborate with them. Please check them out they intro video in their website so you can understand how hug it will be to have them onboard

Syaiful :
Okay, we move on to the second session, which is a question from Twitter😊

Crypto Tycoon :
lets do it!

QUESTION FROM TWITTER

Syaiful ;
Q1. As a new project in the market,what is your competitive advantages? As an investor,why would we trust to invest with What are the ways to earn in your platform?
@motak72827

Crypto Tycoon :
Great question. The great thing about fundme.life is that we are not competing against other crypto projects we unique in a sense within the crypto space. With the fundraising use cases pair with reflection based token, investor can truly benefit from passive income or selling it at high price. Gofundme made 625M in 2020 alone! I want you all to let that sink in for a minute. That buying volume comes from non crypto people, it cam from mass of donors around the globe. Imagine when we compete or replace gofundme how much reflections holders will receive.

Syaiful :
Q2. Fundme Building a decentralized fundraising platform. How will users earn profit from participating in fundraising campaigns with Fundme?
@kreppekk

Crypto Tycoon :
I think I have answered this from the previous question. I highly suggest everyone to get familiarize with Gofundme and you will understand how bullish fundme.life’s use cases is

Syaiful :
Next third question

Support from the community is one of the biggest aspects of a successful project, so what are your plans to expand and form a solid and strong community?
@Rizqi_rolis

Crypto Tycoon :
We will hire enough community Mods so we can open the VC 24hrs. I have seen it as an effective way to keep the community solid as we continue to market our project

Syaiful :
Q4. Usually an investor invests in a project for high returns. So how will you achieve that goal and how will you guarantee your investors, traders and innovators that they will have high returns?
@viksion_91728

Crypto Tycoon :
To be honest, as we all know that there is no price guarantee on any project but you can predict that it will go up based on its use cases and the development of the project. Our advantage from other crypto projects is that our target users and donors are outside the crypto space. I believe we will be one of the first project to achieve mass adoption because of our use cases, as mentioned earlier we aim to replace Gofundme just think about the huge volume we can generate. Gofundme generated 15B of donations for the past 10 yrs. that is massive!

Syaiful :
Next

This is my last question

Crypto Tycoon :
hit it

Syaiful :
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Your platform and keep them long term?
@geddanggu58

Crypto Tycoon :
We have 10% token allocated for marketing and vested for 10% release during launch and 10% every 30 days. We don’t have dev wallet, the company will generate income from % of total fund raised by campaign creator. 1% buy back n burn until max circulation will be down to 100B. Marketing funds will be used to runs ads on poocoin, do regular post on call groups and AMAs with other crypto communities such us cryptoscreen to give updates about the project developments. Launchpeer will also do marketing on their end to get user tractions in out platform.

LIVE/FREE QUESTION

Q1. Do your project support the staking program? If yes. how is your stake system work, can you tell me what is the requirement for users if they want to stake in your platform?

Crypto Tycoon :

We won’t be supporting staking. I will likely cause issues with SEC. We will be operating Fundme as a company and we will register it.

Q2. Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

Crypto Tycoon :

We will be audit soon. Our contract is an exact replication from our other project that passed the audit by interFi Network. WE just change the percentage of the reflections, LP and marketing.

Q3. Why did you create a donation-based project? Can you explain that donations at Fundme are made transparently and fairly? How can a community like ours contribute to a Fundme project?

Crypto Tycoon :

Donation based project is the perfect use cases for reflection based token. Fundraisers will highly use our platform due to that they will have 100% control over their campaign just link pinksale but in this setup it will be for donations. We will partner with flooz trade to enable donors to donate into the campaign using visa card. Flooz trade supports reflections based token and that is how and why fundme will be bullish. Donors will donate for the cause and will not ask for tokenomics and etc. There will be a big trading volume

Q4. COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?

Crypto Tycoon :

Gofundme raised 15B from the last 10 years. There will always be the need of donations for charities. Calamities happen every time and there will always be people in need of money. Gofundme have all kinds of fundraising campaign that you can think of and we can leverage that demand into our advantage.

Q5. Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in project?

Crypto Tycoon :

Passive income and increase of token value due to high volume from donations transaction. I highly recommend to checkout Gofundme’s platform and understand their business model and you will understand that fundme will have the advantage.

 

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THANK YOU.

 

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