ACS X NeoNomad AMA Recap
Date: 20th July 2022
Time: 11 AM UTC
Host: ASIA COMMUNITY
Guest: ERNST JORDAN
ASIA COMMUNITY: Can you briefly introduce yourself and NeoNomad? We would like to know more about it and how it works.
ERNST JORDAAN: As a founding team, we have all been investing in crypto since 2015. The three of us had different projects and motivations to work more closely with the blockchain and its disruptive applications since back then. Jab came from the trading, hedge fund, and investment space and knew the gaps and pitfalls of traditional finance. N4p is from the cyber security and white hacking space and I have been working on alternative asset classes in agriculture for the last 7 years.
With their trading and security experience, N4p and Jab have been developing and building the exchange for the last 2 years and I came on board in 2021 to bring asset-backed NFTs to the table. This is how NeoNomad evolved, from 3 nomads with different backgrounds and experiences and a ridiculously ambitious goal of bringing DeFi and new investments to the globe.
ERNST JORDAAN: NeoNomad was created in order to bridge the gap between CeFi and DeFi, by providing various types of investments while making it easier for anyone anywhere in the world with an internet connection to have access to these investment opportunities. NeoNomads are people without a fixed sense of belonging to a given system. They are digitally-geared global citizens, part of an inclusive and sustainable financial and social ecosystem. We also felt that it’s a great name to build a brand around.
We aim to develop a high-trust parallel economy where Nomads can manage their finances without being bound by borders and restrictions. We envision a world where everyone can access the financial services they need, and we have built our ecosystem with this goal in mind.
ASIA COMMUNITY: Can you tell us, what is the most unique features of NeoNomad?
ERNST JORDAAN: Some of our unique features include:
Multi-chain DEX — users can trade and swap crypto across multiple blockchains (Solana and BSC for now, with more coming soon), and conduct liquidity staking, and yield farming. By using the staking and farming services, users can earn rewards.
NomadPay — enables users to make both crypto and fiat payments. Make effortless crypto payments using Solana Pay. Spend the crypto in your DEX wallet at the point of sale in the real world with the NomadPay VisaX card. Request Swift/SEPA payments.
Asset-backed NFTs — invest in precious metals and in agriculture in an innovative way. Through MinDeFi, invest in gold and silver NFTs that are backed by a physical gold or silver bar. Through AgDeFi, invest in the future of food and reap the rewards. For example, CowFi provides unique cow NFTs that are backed by physical cows on a farm. You earn returns on your investment from milk production.
NomadPad — NeoNomads get first access to the opportunity to new projects via NomadPad. We are excited to provide a platform where our members can invest in projects with real potential.
NeoNomad CeFi dashboard — an all-encompassing dashboard, where you can see all your investments in one place. You can also access NomadPay and request Swift Payments from the dashboard with NomadPay SwiftX.
ASIA COMMUNITY: What is the role of NNI in NeoNomad ecosystem? Could you tell us a bit about the tokenomics of NeoNomad?
ERNST JORDAAN: Sure! NeoNomad has 200 million NNI tokens, making it deflationary with a finite supply. We are providing support for multiple blockchains, but this 200M supply is always fixed across all chains.
- 70,000,000 NNI (35.00%) Staking/Mining Reserve/Liquidity Pools
- 40,000,000 NNI (20.00%) Team Allocation with (4 year linear release)
- 40,000,000 NNI (20.00%) IDO (Public Sale)
- 10,000,000 NNI (5.00%) Development (2 year linear release)
- 10,000,000 NNI (5.00%) Marketing
- 6,000,000 NNI (3.00%) Advisors
- 2,000,000 NNI (1.00%) Airdrop
- 2,000,000 NNI (1.00%) Bounty
- 20,000,000 NNI (10.00%) Private sale
You can see more by checking our Tokenomics, which can be found on our docs page: https://docs.neonomad.finance/nni/tokenomics-fundamentals/nni-tokenomics
ASIA COMMUNITY: What are the upcoming plans of NeoNomad for the next coming months/years?
ERNST JORDAAN: With the successful launch of our staking, bridge, swaps, and other DeFi services we couldn’t be more excited about what’s to come… 🥳
Here are some of the developments our community can look forward to;
- We have our yield farming audits and deployment in the near future.
- Deploying our version 2 audited liquidity pools and swap contracts.
- We will be providing more chain support on our bridge, for networks such as Ethereum, Avalanche, and Polygon — amongst others.
- One of our biggest feature launches for 2022 will be our asset-backed NFTs! We plan to launch MinDeFi NFT projects in the near future and our AgDeFi in the next year.
- We’ll also be launching our CeFi dashboard which will provide all-encompassing place where you can monitor all your investments.
- We are also working on developing our ecosystem to support multi-chain activities in unique ways.
- NeoNomad Capital smart contract deployment and auditing, frontend upgrades as well as other releases coming in the future!
You can see more by checking our roadmap, which can be found on our docs page: https://docs.neonomad.finance/nni/tokenomics-fundamentals/roadmap
ASIA COMMUNITY: Where can we find more information about NeoNomad?
ERNST JORDAAN: Check out our Whitepaper, roadmap, tokenomics and more: https://linktr.ee/neonomad🚀
You can Purchase $NNI
On NeoNomad swap page: https://app.neonomad.exchange/swap/
Across the entire Serum network and on Raydium.
ASIA COMMUNITY: Q1. From @BanePapih As the DeFi projects become more and more popular, there are many attacks that lead to millions in loss. What security approaches will you implement within the DeFi apps on your blockchain that will give investors confidence about their asset safety?
ERNST JORDAAN: Of course, we are very aware of the responsibility of ensuring that our services and platforms are as secure as they can possibly be. 🔒
We have contracted Hacken, an independent third party to verify and audit our smart contracts before release. To date, we have already audited the $NNI token, the multi-chain bridge, and our staking smart contract. We are also in discussions regarding our yield farming and liquidity pools smart contract audit. Furthermore, we have also completed penetration tests as well as devnet stress tests.
Here is a screenshot of the results from our staking smart contract:
ASIA COMMUNITY: Q2. From @Rifat88017164 Does NeoNomad support staking program? if yes. how is your stake system work, what is the requirement for users if they want to stake in NeoNomad?
ERNST JORDAAN: Great question, our staking platform is officially LIVE! 🥳 Users need $NNI and a Solana wallet in order to stake on our platform. Once you have your NNI tokens in your Solana wallet you can simply connect your wallet, choose your staking period and earn interest.
Here are some guides:
- How to create a Solana Wallet: https://docs.neonomad.finance/nni/wallet-guides/new-to-solana
- How to stake $NNI tokens on NeoNomad: https://docs.neonomad.finance/nni/defi-tutorials/staking-step-by-step-guide
- Start staking: https://app.neonomad.exchange/staking/
NeoNomad has 200 million tokens making it deflationary with a finite supply. Staking will also reduce the amount of tokens in circulation as they are locked into the smart contract, with token distribution set for the next 5 years. Our staking smart contract will also be developed to be multiple chains as we develop our ecosystem further.
ASIA COMMUNITY: Q3. From @Don_vai_1 Language is a problem for many crypto users, we know there are many projects that support the English-speaking community. What language do you plan to use in local communities to raise awareness about the project among people in different countries?
ERNST JORDAAN: We couldn’t agree more, but NeoNomad is committed to breaking that barrier by creating a parallel and inclusive ecosystem. NeoNomads are people without a fixed sense of belonging to a given system. They are digitally geared global citizens, part of an inclusive and sustainable financial and social ecosystem. Therefore, with a global vision of inclusivity, we have already taken steps to make our platform more inclusive.
Our new website will cater to more language translations such as Korean, simplified Chinese (Mainland China, Singapore), and traditional Chinese (Taiwan, HK). We have Chinese, English, and Japanese Official Telegram groups. Our discord also provides various different language channels for our community to communicate with each other. For example, we have Turkish, Spanish, Indonesian, Russian, Portuguese, and Turkish chat groups. We are also looking into getting translations for our whitepaper and documents in the future.
We have also worked with XT to bring awareness in the BTOK community as well as other well-known Crypto PR firms to bring global awareness to the NeoNomad Brand.
NeoNomad focuses marketing at a global level, catering for as many locations and languages as possible
Here are you can join our different language community channels:
English TG: https://t.me/NeoNomadFinance
Chinese TG: https://t.me/NeoNomadChinese
Japanese TG: https://t.me/NeoNomadJapanese
ASIA COMMUNITY: Q4. From @Alon14091 I found something interesting, namely “NomadPay”. you mentioned that NomadPay Connect directly from the banking world to the DeFi world. Can you please explain to us this NomadPay concept? How will this work connecting the banking world to the DeFi world?
ERNST JORDAAN: NomadPay is an integrated payments service that enables users to make fiat and crypto payments.
NomadPay provides three types of payment services:.
- NomadPay powered by Solana Pay enables users to make crypto payments effortlessly.
- NomadPay VisaX provides users with a VISA card connected to their wallet on the NeoNomad DEX. This enables users to pay at point-of-sale with their crypto holdings. At the point of sale, VISA automatically converts the crypto into the merchant’s local currency. Users can earn $NNI crypto rewards when they use their card to make a purchase.
- NomadPay SWIFTX allows users to request SWIFT payments directly from the NeoNomad Dashboard.
Therefore, NomadPay will enable users to move their Fiat directly from the bank account onto our CeFi dashboard where they can then invest their funds directly into the entire NeoNomad DeFi ecosystem. You can read more about NomadPay in our whitepaper: https://docs.neonomad.finance/nni/tokenomics-fundamentals/whitepaper
ASIA COMMUNITY: Q5. From @NilayBoysan One of NeoNomad Finance’s notable partner is Chainlink. How do NeoNomad Finance and Chainlink collaborate and work together? How does NeoNomad Finance utilizes Chainlink’s oracle services?
ERNST JORDAAN: In order to help secure our gold and silver asset-backed NFTs, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of Chainlink to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
By integrating the industry-leading decentralized oracle network, NeoNomad Finance has access to high-quality, tamper-proof price feeds needed to provide the dynamic gold and silver price for the NFTs backed by these precious metals. This will provide our users with stronger assurance that the live gold or silver price will be accurately reflected in the value of the dynamic NFT.
In the near future, we also plan to integrate Chainlink Proof of Reserve to help provide additional guarantees that we cannot mint more tokens in excess of the gold and silver bars stored in our vault. Our initial integration will involve the use of the following Chainlink Price Feeds: XAU/USD and XAG/USD.
Read more about NeoNomad and Chainlink: https://medium.com/@NeoNomadFinance/neonomad-finance-is-integrating-chainlink-price-feeds-to-help-secure-its-gold-and-silver-backed-30a536823e18
Q1 from @Kittushah54: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
ERNST JORDAAN: You can see all our social media links here: https://linktr.ee/neonomad You can also subscribe to our mailing list to receive news to your inbox 🤩
Q2 from @MdArKeDevilU:
IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
ERNST JORDAAN: NeoNomad aims to make DeFi accessible for everyone regardless of their knowledge or wealth. There is no minimum investment, therefore everyone can participate, making it truly inclusive.
We also offer comprehensive user guides on our Gitbook to assist users with their investment journey from start to finish.
Here are some examples of our guides:
What is a wallet: https://docs.neonomad.finance/nni/wallet-guides/what-is-a-wallet
How to create a wallet: https://docs.neonomad.finance/nni/wallet-guides/new-to-bsc
How to finding a transaction hash/ID: https://docs.neonomad.finance/nni/general-guides-and-announcements/tutorial-finding-a-transaction-hash-id
We will have user guides for all our products and plan on launching a YouTube educational series in the future. You can also follow us on our twitter where we break down key crypto and investment terms and concepts to help you understand the cryptocurrency space better. Our mission is to create a sustainable economy, that is accessible, user friendly and available to all banked and underbanked users.
Check out our Twitter: https://twitter.com/NeoNomadFinance
Q3 from @M_R_Hukinishy: Do you have a staking program? If so, how does it work? And why would users participate on your platform?
ERNST JORDAAN: We do offer staking, and we have some great news…
Our staking is now LIVE!
🥳 By staking your $NNI tokens, you can earn passive returns 🤩
Here is a step-by-step guide on how to stake your tokens: https://docs.neonomad.finance/nni/defi-tutorials/staking-step-by-step-guide
Stake your $NNI now > https://app.neonomad.exchange/staking
Q4 from @ijordam: How important is community to you? How can we cooperate or help in the development of the project? Do you take into account community feedbacks and demands?
ERNST JORDAAN: The Nomad Community is at the core of our project, products and services. NeoNomad’s mission is to provide the community with a more inclusive DeFi ecosystem to enable financial stability, sustainable growth, and wealth for all. We are all Nomads in spirit and we value each Nomad that is part of our community!
Therefore, We are open to all community feedback, suggestions and requests. We have already engaged our community on which chains they would like to manage their $NNI tokens on as well as the ability to request pairs on our swaps page. Even though we are not a DAO, we are very community driven and always open to community discourse.
Get in touch with the NeoNomad team and let us know your thoughts & suggestions: https://t.me/NeoNomadFinance
Q5 from @KeymerS: Note that in your roadmap you only show the goals you plan to achieve until the month of July, but for the rest of the year, could you tell us what your main goals would be?
ERNST JORDAAN: Great question! We will be adding more items to our roadmap soon, so keep an eye out 🤩 there are a lot of exciting developments that will soon be revealed…
For now, I can tell you that we’ll be launching our yield farming, NomadPay and MinDeFi asset-backed NFTs this year
ASIA COMMUNITY: Thank you for sharing your valuable time with us.
ERNST JORDAAN: thanks for having us, Asia Community Support!