CFL365 Finance AMA Recap — 12/06/2021

Thank you to the Cryptowid for participating in Ask Me Anything (AMA) with CFL365 Finance June 12, 2021. This guest star,

Mohammed Abbas Kazmi ( COO )

Live Telegram AMA Transcript

INTRODUCTION

Before we start the AMA main segments, we really want to know some informations about yourself. Could you do a little introduction for us to know better about you, Mr Abbas?

Mohammed Abbas Kazmi

I am Mohammed Abbas Kazmi, the COO at CFL365 Finance.

I am deeply passionate about Decentralized Finance and Blockchain Technology and believe that our world in the coming decade is going to be driven by Blockchain Technology and its various applications.

I have worked at Crypto APIs and as a part of an Incubator have worked with more than 15+ CeFi, DeFi and NFT projects worldwide.

SEGMENT 1

Q1. Please tell the community what is CFL365 Finance in detail?

Mohammed Abbas Kazmi

CFL365.Finance is Decentralized Virtual Marketplace for Stocks and Crypto Trading, where users will be able to participate in skill based trading contests by paying with $CFL tokens.

As compared to different projects around the world, CFL 365 Finance is quite unique in the way that we have been bringing together the best elements from both the Legacy Finance and Crypto ecosystem.

Once the Users enter the contests they would be getting virtual league balances which they could use to build their virtual portfolio (crypto and stocks) and depending on their portfolio gains and rankings they would be distributed with the rewards !

Coming to features, users on the platform will be able to make at least 100x in every leagye they participate in!

And there’s no limit on number of leagues that a user can participate at any given point of time.

Additionally, users will also be getting an opportunity to wrap their tokens into NFTs

Q2. What is the background behind CFL365 Finance Project?

Mohammed Abbas Kazmi

We are a team of passionate Traders and due to various limitations such as geographical, high trading and brokrage fees, liquidity issues and lack of operational transparency we came up with the idea of CFL 365 Finance.

CFL 365 Finance intends to the bridge the gap between Traditional Finance and Crypto World by providing users to opportunities to learn, test out their trading skills with other users on our platform and finally earn money for choosing the best portfolio combination and the end of the league competitions.

Q3. As we know, Every serious project always have their own roadmap. Could you please explain CFL365 Finance roadmap and also what phase is currently ongoing?

Mohammed Abbas Kazmi

So, for this quarter we are pretty much on track and our objective is to launch the First Version of the product and then conduct the IDO as soon as possible. Ideally in a week’s proximity after launch!
First version of our product will be going live in the next 2–3 weeks
It would have both stock and crypto leagues!

Despite the current market conditions, our investors are quite hyped up and intrugued by our project.

In fact, we have already closed 90% of pre public sale rounds and have onboarded some of the Top VCs and advisors from the DeFi Ecosystem.

For the Next Quarter we will be adding features such as Custom League Creation and Governance Model along with key functionalities such as the inter operability for Polygon (MATIC) and Polka Dot.

Additionally, we’ll also launch native apps for IOS and Android by the end of this year.

Q4. We are so curious about $CFL, could you please tell us about $CFL its total supply, its features, and where we can buy it?

Mohammed Abbas Kazmi

The Total token supply of $CFL Ecosystem will be 400 million Tokens.

These CFL tokens shall have 5 utilities mainly:
- Game Mining
- Referral Mining
- Staking
- Governance
- NFTfying of the tokens

Moreover, we have dedicated over 30% of our total token supply for Ecosystem and Rewards to ensure we give back to the community as much as possible.
Additionally, we have the concept of NFTfying the tokens. This basically gives users an opportunity to wrap their token holdings into a NFT that they can use to purchase collectibels from our partner platforms. This NFT created will be having similar utilities as CFL token itself on the platform.

The tokens will be available on major Dexs and Cexs such as Pancakeswap and others.
We will also be announcing the Centralized Exchange listings, the updates of which will regularly be posted on our social channels. (Telegram and Twitter)

Q5. What is CFL365 Finance strategic plan for the future?

Mohammed Abbas Kazmi

We have partly addressed this question previously, but for your users convenience we have prepraed a detailed roadmap and have divided our Project’s developments into Quaterly Milestones:

- For this quarter our goal is to launch the first version of the product and the do the IDO in a week’s proximity after launch!
- We have already closed 90% of pre public sale rounds have onboarded top VCs and advisors from the ecosystem.
- We would be launching the product on Binance Smart Chain and in the coming quarter we are also going to launch interoperability for multiple chains like Polygon (Matic), Polka Dot etc.
- Additionally, we’d also be launching the native mobile applications for both Android and iOS by end of this year.
- We’d also be launching lottery system, where users on completing certain milestones on the platform would be unlocking some lotteries which would contain guaranteed rewards ( tokens, NFTs etc).

Over and all there’s lot in store that we have planned for the community and our users for this year and coming year.

Stay tuned to follow us on:

SEGMENT 2

Q1. From: @luckyjem02

Have 3 core issues prevalent in crypto and blockchain: Security, Interoperability, and Scalability. How does $Cfl365 project plan to overcome these issues?

Mohammed Abbas Kazmi

Our team at CFL 365 Finance has been working to get the best balance between Security, Interoperability and Scalability for our platform users.

In terms of Security: Users are what constitute the lifeline of any project and their funds, security, and data privacy is of utmost priority for us.
Our dev team comprises of people who workes on Blockchain solutions for some of the top notch indtitutions in the world like JP Morgan Chase, IBM, EY etc.

In fact, we are taking every measure possible to ensure the safety so that there are no loopholes in our application and smart contracts and safe from any malicious attacks.
Additionally, we would be getting our smart contracts audited by the benchmark instituions from the blockchain space and would be testing our systems at regular intervals.

In terms of Interoperability: Our platform will be built on Binance Smart Chain and will be interoperable with Polygon (Matic) an L2 Ethereum platform and Polkadot, so that we cover the majority of the DeFi and CeFi users on our platform.

In terms of Scalability: As our platfomr is on Binance Smart Chain, the number of transactions will be higher and the transaction fees will be lower as compared to other platforms in the DeFi Ecosystem.

Q2. From : @krisna120491

one of the features/services of CFL 365 is "Referral Mining" Invite your friends to join the league, are there any special criteria for referrals to be accepted and what are the long term benefits?

Mohammed Abbas Kazmi

There will be referral awards to those people who participate via the unique referral links that will be issued to users of CFL 365 Platform.

The criteria would be to hold a certain amount of CFL tokens in your wallet and active participation on our platform.

The benefits would be that the users will be able to collect an accumulate more CFL tokens along the passage of time and get chances to win more contests and rewards in terms of league participation, NFT options and APYs for hodling CFL tokens

Q3. From: @CatCryptoo

I have read about CFL365 blog, anyone can receive 10x profit in a day, and I am very interested. My question is, can a beginner like me have the 10x profit opportunity? because I am a new trader

Mohammed Abbas Kazmi

Yes, CFL 365 Finance platform gives the opportunity to multiply your profits by taking part in the skill based contests that will be featured on the platform.

Against a certain entry fees, you as a user will be issued a virtual balance (in USDT) that you will need to allocate as per your trading skills and understading of the crypto and stock markets.

If, as per the league rules, you are among the top portfolio gainers, then your rewards will be upto 10x from your intial starting portfolio balance

Q4. From: @PujiLes31565116

I read your blog it turns out that there are many problems that interfere with the Crypto market and capital, one of which is Geographical limitations and lack of operational transparency. how do you solve the problem? So, with what features do you do to solve these problems?

Mohammed Abbas Kazmi

The Legacy Finance Platforms has many issues that casue friction in their mass adoption and utility, geographical limitations and operational transparency being just a few of them.

We are a Virtual Hybrid Marketplace that gives users options to take part and test their skills regarding the market movements of these major stocks around the world.

We leverage the advantages that DeFi Ecosystem brings in terms of geographical limitations and operational transperancy is that is anyone from any part of the world could simply signup and buy CFL tokens from DExs or Cexs and take part in the leagues of our platform, there are no hidden charges or decisions that don’t happen with the DAO feature on our platform hence addressing the above two issues.

Q5. From: @Elsonele

About your hybrid platform. how do you plan to solve the gap between traditional markets and DeFi ecosystem? Can small investor start their invesment with CFL365 ?

Mohammed Abbas Kazmi

Our focus is currently on bridging the gap between traditional markets and defi ecosystem by giving users access to the best of both the worlds on a single unified CFL 365 Finance Platform.

Users wil be able to learna, plan, simulate and allocate their virtual balances across different stock and crypto offerings on the trading contest leagues.

We aim to assist new users who are getting into trading platforms by providing them educational components and techniques that they can learn and incorporate in their trading toolkit to deploy in real world scenarios.

These new Users will be able to test and polish your skills on our platform, encash your gains and then earn even more in the DeFi Ecosystem!

All the users and interested participants and users can stay tuned on the following links for exciting updates:

SEGMENT 3

Q1. 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?

Mohammed Abbas Kazmi

Our Token Holders are rewarded in multiple ways that would not only encourage them to buy more but also get rewarded in multiple ways while engaging in different leagues on our platform.

A few of the broad advantages are

– Game Mining
– Referral Mining
– Getting High APYs for holding CFL Tokens in your wallet (without any lock in period*)
– Option to Convert CFL Tokens to exclusive NFTs via our Partner Platforms and regular intervals.
We are bridging the gap between legacy finance and Crypto Ecosystem wherein users Learn, Simulate and Earn simultaneously!

Q2. How secure is your platform to use? Have you done audits of smart contract? What security measures are adopted from bugs of smart contract and hacking?

Mohammed Abbas Kazmi

Users are what constitute the lifeline of any project and their funds, security, and data privacy is of utmost priority for us.

Our dev team comprises of people who workes on Blockchain solutions for some of the top notch indtitutions in the world like JP Morgan Chase, IBM, EY etc.

In fact, we are taking every measure possible to ensure the safety so that there are no loopholes in our application and smart contracts and safe from any malicious attacks.
Additionally, we would be getting our smart contracts audited by the benchmark instituions from the blockchain space and would be testing our systems at regular intervals.

Q3. Could you please provide about your roadmap ? What are your next plans and when do you plan to list your token?

Mohammed Abbas Kazmi

For users convenience we have prepraed a detailed roadmap and have divided our Project’s developments into Quaterly Milestones:

- For this quarter our goal is to launch the first version of the product and the do the IDO in a week’s proximity after launch!
- We have already closed 90% of pre public sale rounds have onboarded top VCs and advisors from the ecosystem.
- We would be launching the product on Binance Smart Chain and in the coming quarter we are also going to launch interoperability for multiple chains like Polygon (Matic), Polka Dot etc.
- Additionally, we’d also be launching the native mobile applications for both Android and iOS by end of this year.
- We’d also be launching lottery system, where users on completing certain milestones on the platform would be unlocking some lotteries which would contain guaranteed rewards ( tokens, NFTs etc).

Q4. Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?

Mohammed Abbas Kazmi

We will be launching CFL 365 Finance on Binance Smart Chain due to these very advantages that it has to offer over others.

We further are making our project interoperable with other protocols such as Polygon (Matic) Layer 2 Ethereum, Polkadot and others.

Further down the roadmap, we plan to launch native mobile applications on both Android and iOS for greater reach and visibility.

Over and all there’s lot in store that we have planned for the community and our users for this year and coming year.

Q5. Partnerships are very important for any platform to build up from zero level to success. So do you have strong partners to support for withstanding against huge competition in crypto market?

Mohammed Abbas Kazmi

We are partnering up with key NFT Platforms that will be offering rare collectibles for CFL 365 Finance Token Holders,

Thess will be from sports such as boxing, NBA, football etc.

Stay tuned as we will be releasing these news at regular intervals.
Thanks

AMA FINISHED

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