HunnyDAO X KingDATA AMA/Airdrop

KingData ·2021-12-23

On December 15th, we had an AMA session with HunnyDAO, the first dual asset-backed DAO on BSC, in our Telegram chat at https://t.me/KingDataEN. Our guest was Matt, the Marketing Manager of HunnyDAO.

Here are the essential points of the AMA session:

Introduction

Host: Thank you for attending, could you kindly give the community a little introduction?

Guest [Matt]: Hi everyone, I am Matt, Head of Business Development for Hunny Finance. We are very honored to be here for this AMA today. Thank you for the invite.

I am in charge of the partnership and marketing, so if you know of any projects that potentially can collaborate with us at Hunny, do drop me a DM.

We are also looking for strong and effective influencers (youtube, twitter, tiktok etc.). Throw me all your suggestions and we will let our marketing team know. 

Main Part

Q1: Could you please tell us more about the whole Hunny ecosystem setup?
A1: Hunny Finance started off as a DeFi platform back in June 2021, more specifically, a yield optimizer built on Binance Smart Chain (BSC). We offer one of the highest returns in the BSC DeFi space. 

Our codes and smart contracts are audited by one of the most reputable blockchain audit firms, **CertiK**, and further enhanced our smart contract security with **Certik Skynet** and **Certik Shield**.

More than a DeFi destination with high yields, we have recently launched our integrated gaming portal HunnyPlay where users can look forward to an immersive experience, playing instantly simply by connecting your wallet to HunnyPlay. Also, in addition to HunnyPlay, HunnyPoker,  P2P poker platform on BSC has gone live this month as well! 

In October, Hunny’s NFT journey began, starting with sales of our limited HunnyBunny NFTs followed by HunnyMarketplace where users can buy, sell or auction their NFTs. We are also expecting our NFT P2E game! This is to create an engaging ecosystem where our users can Stake, Earn & Play.
Lastly, our latest addition to Hunny’s ecosystem, which is also the core topic of tonight, HunnyDAO - The first DAO on BSC backed by DUAL TREASURY RESERVES! It was started 3 weeks ago with an APY of around 200,000%, and a price that surged from $14 to over $140 on launch. Currently the APY is 24,000,000% and price is consolidating at around $29 to $45 dollars currently. 

TL;DR

HUNNY Ecosystem includes:

  • A Yield Optimizer
  • HunnyDAO
  • HunnyPlay HunnyPoker
  • NFT Marketplace
  • NFT Staking Vault 
  • NFT P2E game
  • HunnyJar

Q2: What are the current challenges you guys are facing?

A2: As you may feel it too, one month in the Defi space does feel like a year, we are constantly trying to keep up with the ever changing trend. Having to assess risk for each integration we are venturing into. I would say the biggest challenge for Hunny is development. As the majority of products from Hunny are built and designed from scratch, having to keep up with the markets is always the biggest challenge for us. However, we have been able to keep up with the deadline and deliver so far except for some occasional delays. Needless to say, manpower, especially talents, is really scarce, it would be definitely helpful if we can scale up our team.  

TL;DR

Meeting Timelines and manpower issues. 

Q3: Tell us more about your latest launch HunnyDAO?

A3: HunnyDAO is a fork of OlympusDAO with the obvious flair of Hunny. Being users of OlympusDAO ourselves, we understand how expensive the fees can get being on Ethereum chain, so we decided to bring the fun over to BSC given its low fees. 

The conventional decentralized reserved currency protocol is backed with 1 treasury, HunnyDAO is backed with 2, the first one being the main treasury where users bond their tokens in exchange for LOVE, the second one being revenue generated by Hunny, including one of our core revenue centers, HunnyPlay and HunnyPoker. The second treasury will be activated in the event of LOVE falling below the floor price and our primary treasury is unable to support the required buyback of LOVE. This move will provide an additional layer of support to the floor price of LOVE. 

The main benefit for users comes from supply growth, the protocol mints LOVE and distribute to the stakers, thus the gain for stakers will come from their auto-compounding balances. LOVE could trade at a very high price because the market is ready to pay a hefty premium to capture a percentage of the current market capitalization. However, the price of LOVE could also drop to a large degree if the market sentiment turns bearish. Even so, the price of LOVE will become irrelevant in the long run should users choose to HODL, stake and collect the rewards from the high APY HunnyDao is offering, the ROI will far exceed the value of the tokens - we will dive further into this specific topic later. 

TL;DR
HunnyDAO is a fork of Olympus but with a better ecosystem. 

HunnyDAO is Backed by 2 treasury reserves. 

Long term HODLers have a far exceeding chance of benefiting from the protocol vs short term hodlers.

Q4: HunnyDAO’s APY can be up to 32,000,000%. How can it be so high?

A4: Users can expect about 18.5008% of staking rewards in 5 days. Our current rebase rate sits at 1.1380% which happens every 8 hours.  If there are 100,000 LOVE staked right now. This is achievable if the protocol can bring in the equivalent in BUSD worth of tokens into the treasury from bond sales. If the bonding amount falls short, the APY of 32,000,000% cannot be guaranteed and have to be adjusted. Soon, we will be introducing further mechanisms to leverage on Treasury to provide an accelerated rate of return for users, do follow us on our Twitter, Telegram or Discord channel to get the latest updates and announcements. 

TL;DR

Users can expect 18.5008% every 5 days. To achieve APY stated, protocol needs to bring in equivalent amounts to upkeep APY.

Q5: What is 3,3? Why do I see it in the chats so often?

A5: 3,3 is the idea that if everyone works in unity, it will stand to have the biggest gains for everyone. This logic is based on the Game Theory standpoint. To understand the game theory better, you can check out this youtube link to get a better picture. 

https://www.youtube.com/watch?v=t9Lo2fgxWHw

Staking and bonding is considered beneficial to the protocol, while selling for a profit will enhance one’s personal gains, these gains can be far stretched if everyone stakes and bonds. The ideology of  3,3 is to encourage everyone to stake or bond instead of selling and this will result in the increase of LOVE price.

HunnyDAO is always having giveaways to promote 3,3. This is to encourage our investors to join in the 3,3 notion.

We are giving away 33 $LOVE worth $1500 for 33 lucky people. Total of $50,000 to be given away. Follow this tweet to join the promotion..

https://twitter.com/HunnyFinance/status/1469511749128777729

TL;DR

Buy/Bond $LOVE - Good

Staking $LOVE - Good

Selling - Bad

Q6: I believe many are new to this, can you explain what does “bonding” mean?

A6: When users bond for LOVE tokens, they are actually contributing their assets to the Treasury in order to buy a bond from the protocol. In the world of DeFi, such “Bonds” are a hybrid between a fixed income product, a futures contract, and an option. The protocol quotes the Bonder with terms for a trade at a future date. These terms include a predefined amount of LOVE the bonder will bond and the time when vesting is complete. The bond becomes redeemable over 5 days as it vests. 

Typically, users will be able to see a positive ROI (from the discount given for each asset) stated when they are bonding, but to achieve a balance in the treasury, the ROI of some assets will turn negative which won't be favorable to the users should they choose to bond. So we urge users to take note of the ROI when they are bonding for LOVE tokens. 

TL;DR

Bonding gives users a Positive ROI by purchasing $LOVE at a discount through a vesting period of 5 days.

Q7: I see that Hunny Finance has 2 tokens, $HUNNY and $LOVE, hope you share with us the usage of $HUNNY and $LOVE in the Ecosystem Hunny Finance?

A7: Firstly, let me touch on our main native token, HUNNY. HUNNY has a max supply cap of 100 million, once 100 million supply is reached we will stop minting and Hunny farms will be solely reliant on Hunny ecosystem’s revenue to generate APY for our farms. Of course not forgetting that the burning will continue. We are currently sitting at 53 million supply. The reason why we decided to cap our supply at 100 million instead of any amount lower is because we need time for our projects such as HunnyPlay, HunnyPoker, HunnyDAO and NFT marketplace to mature. Therefore, we will be able to sustain a healthy APY for our users and also, to allow growth in the price of HUNNY. 

Now let’s get to the LOVE token, LOVE tokens are backed by HunnyDAO’s Treasury. Although the supply of LOVE is uncapped unlike HUNNY, at any point if LOVE’s price falls below its floor price, the treasury can be activated to buy back LOVE to its floor price. We will soon be introducing a new farm where users can stake other assets to earn LOVE, users can expect a very high APY for such farms on Hunny.Finance. An official announcement will be made in our  community once all details are finalized. Please join our Telegram @hunnyfinance and Discord channel to get all the latest updates. 

TL;DR

$Hunny is a native token for yield Farming

$LOVE is a DAO Token based on 3,3 Game theory that is backed by 2 treasuries 

Q8:Tell me the relationship between LOVE and KISS?

A8: LOVE is the native token of HunnyDAO, and it’s NOT a stablecoin. Similar to the gold standard, LOVE provides a free floating value its users can always fall back on, simply because of the fractional treasury reserves LOVE draws its intrinsic value from. 

When you stake, you lock LOVE and will receive an equal amount of KISS. Your KISS balance rebases up automatically at the end of every epoch. When you unstake, your KISS will be returned to the contract and you will receive an equal amount of LOVE tokens. 

TL;DR

$KISS is the interest bearing token of $LOVE

Q9:Tell us more about your online gaming platform HunnyPlay.
A9: HunnyPlay aims to be the most engaging and fun destination built on Binance Smart Chain (BSC). We are developing a brand new and unprecedented gamified farming playground where every user can enjoy high yields and exciting games at the same time.

HunnyPlay is our very own gaming playground with all settlements/payments integrated on BSC (and soon, on more chains) for a transparent and secure way of online gaming. You can find a whole load of games packed into HunnyPlay such as Slots, Bingo, Money Wheel, Deal or No Deal, Blackjack, Roulette, Baccarat, Sic Bo, Poker, RNG, LIVE games and virtual sport games. 

All earnings received from HunnyPlay games will be split into portions, one to be burnt, one to cover the cost/expenses and the remaining will go into the HunnyJar which will be distributed amongst our valued members (BumbleBees & HunnyBees).

Recently we have included an awesome **VIP Cashback Program** that can go up to **28% cashback**, highest in the iGaming scene. Players can also participate in our **Referral Program** to earn all referrals 1.5% on winnings bets. So regardless of whether you win or lose, everyone wins something.

TL;DR

HunnyPlay is the first full fledged BSC casino with all traditional casino games and more. 

HunnyJar is a incentive system with 2 Tiers, BumbleBees and HunnyBees

HunnyPlay has a Referral program with up to 1.5% rebate on all bets made

Q10:Could you share with us the marketing plan to raise the awareness of HunnyDAO in this huge crypto market?
A10: We have listed what we've done so far and our upcoming plans for Hunny, HunnyDAO and HunnyPlay Finance. We are constantly looking for effective ways to advertise. You can find that we are very frequently mentioned as top hidden gems projects and safest score from well-known accounts like @bsc_daily, @Gems_Radar, @CryptoCrunchApp, @GenxAnalytics etc
As different countries have different popular channels, we look for PR companies or groups in different countries as they know the best ways to market. Marketing Hunny involves reaching out the following:  

Sharing words in AMA communities like telegram, discords, wechats FB groups and discords

Press releases in higher traffic crypto sites

Reaching out to influencers like YouTubers and Crypto Twitter, Twitch and Tiktoks

Ads advertising like Poocoin, Dextools, Coinzilla, FB and Google

Partnership with trusted projects like Chainlink, Babyswap and Venus Protocol. 

Constant promotions in HunnyPlay and giveaways for Hunny

Do share with us any interesting or good marketing channels you know of, our marketing team will gauge if the ROI for the channel is effective. 

If you have marketing suggestions, feel free to contact us at marketing@hunny.finance 

TL;DR

We are doing a ton of marketing

Live Session
Q1:Thắng: If the bear market comes, will your token probably dump? Do you have any plan to prepare for this bear market? How will you handle the panic sell?

A1: I was waiting for someone to ask this. That is the precise role of what our DUAL Treasury does! In a case of a bear market and Dump, funds from the 2 treasuries are used to support the price.

Q2: Arbaz: Hii matt, what exactly does the term DUAL ASSET-BACKED DAO actually mean ? And what extra value will it give to investors of HunnyDAO?

A2: All other DAO project treasuries are back by only Bonds, for HunnyDAO, its back by Bonds and our Defi Casino revenue from Hunnyplay, the purpose of the treasuries are to support the price of $LOVE in the event that it gets dumped. Our second treasury will be activated when our primary treasury is not able to support the price anymore.

Q3: Jerm Sanchez: Matt, 20million % ? Something wrong with that? Or am I'm beginner at crypto? Can you please explain the magic behind those numbers?

A3: Hey, great question. 3,3 theory is based on game theory, where everyone Stakes and does NOT Sell until their goals are met. By this principle additionally to the power of compounding, these APYs of 20-30m are not far fetched.

Q4: Vahan Hovhanneiyan: Can you share your social media links so we can keep ourselves updated?

A4: HunnyDAO utilizes Treasury Reserves to enable long-term price consistency and scarcity within an infinite supply system

DAO Website: https://dao.hunny.finance/

Finance Website: https://hunny.finance/

Play Website: https://hunnyplay.com

Poker Website: https://hunnypoker.com

Telegram: https://t.me/hunnyfinance

Telegram: https://t.me/hunnyplay

Telegram ANN: https://t.me/HunnyFinanceNews

Twitter: https://twitter.com/HunnyFinance

Reddit: https://www.reddit.com/r/HunnyFinance/

Discord: https://discord.gg/d4fxKZFxPv

Medium: https://medium.com/HunnyFinance

Whitepaper: https://docs.hunny.finance/

GitHub: https://github.com/hunnyfinance

Email: marketing@hunny.finance

Q5: Shinichi: So how long did it take to develop this project? What plans do you have for the future? And what can we expect ? If possible could you please share the roadmap with us.

A5: You can find out more about our Vision and purpose of HunnyDAO here and why we should buy LOVE

Quick Quiz Part

Q1: What is the core token of HunnyDAO?

A1: $LOVE

Q2: How many Treasuries does HunnyDAO have?

A2: 2

Q3: What is the maximum % cashback you can get from HunnyPlay’s VIP Cashback Program

A3: 28%

Q4: How many $LOVE does it take to make you a millionaire in 2022? 

A4: 10 $LOVE

Q5: What is HunnyDAO's current APY?

A5: 28,000,000% 

Airdrop Winners List

Link: https://docs.google.com/spreadsheets/d/1m3gXuiaWyVYAFfHnBKDPC85hp2FhvLcUr42kethJ4uQ/edit?usp=sharing

Official KingData links:

Website: https://www.kingdata.com

Twitter: https://twitter.com/KingData_com

Telegram: https://t.me/KingDataEN

TG Channel: https://t.me/KingData_News

Discord: https://dsc.gg/kingdata

Reddit: https://reddit.com/r/kingdata_com

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