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  • Crabada AMA #2 — Technical Deep Dive with Fuji102x (Recap)

    Crabada AMA #2 — Technical Deep Dive with Fuji102x (Recap)

    On 11/05/2021 at 12:00 p.m (PST), an AMA session was held on Avalaunch with special guest Fuji102x, CTO of Crabada . Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld | Avalaunch

    Hello and welcome everyone to our 2nd epic discussion/AMA with Team Crabada. Today we will get down to the nitty gritty, the brass tacks, to where the still waters run deep by performing a more technically specific AMA with none other than @fuji102x Welcome, how are you today?

    Fuji | Crabada

    Hi everyone, it’s a good day, we’re working hard.

    Very nice to be here today, thanks for hanging out.

    Dave Donnenfeld | Avalaunch

    I’ll bet. Appreciate you taking some time out to be here with us today.

    Fuji | Crabada

    Cheers. Let’s not make the people wait — getting right into it and to ease us in, why don’t we start by having you introduce yourself? Tell us a little bit about your background and what led you to be working in the explosive blockchain gaming industry?

    Since I was a student, I was already farming in-game on some games. It was always quite difficult to cash out, and I mainly did it via p2p just like how bitcoin was in the early days.

    I have been working in the blockchain space since 2016 including designing and implementing the very first backend system of a leading crypto wallet. In 2018, l wanted to make a game based on CryptoKittens because I couldn’t do anything with my collection.

    Since then I have been trying out many blockchain games due to curiosity and following extra closely during the covid pandemic when we shifted to a remote-first world. I felt that the games out there were not really entertaining so that made me want to work on a game project to bring something new to gamers and players.

    Dave Donnenfeld | Avalaunch

    A solid background to be where you are — sounds like manifest destiny. Was Crabada always going to be built on the blockchain, or was this something that became obvious over time?

    Fuji | Crabada

    Actually, yes it was going to be built on the blockchain from the start. Working in the space since 2016, I saw how the space grew and it had a pretty big impact on the community around me. This laid the foundation for some of our plans.

    Our team’s background was across working in various roles on blockchain applications. We wanted to apply what we knew was possible to something we were all passionate about which was gaming.

    So we planned for it to be built on the blockchain from the start.

    Dave Donnenfeld | Avalaunch

    From the development point of view, what part of building Crabada was the most challenging and would this still have been a challenge at all, had you been building in the traditional game ecosystem as opposed to building on the blockchain?

    Fuji | Crabada

    It’s been pretty smooth so far, but I would say the top priority for us now in terms of development is growing the team.

    We have really great talent currently, but we are still actively looking to grow our team in order to build out our roadmap. It could definitely go faster with more hands on deck. So that’s the key priority now. We need more blockchain developers.

    Dave Donnenfeld | Avalaunch

    Pretty smooth so far…you don’t hear that very often 😄

    What about Avalanche’s architecture makes Crabada possible here, and not on other chains. What issues related to scalability have you faced and tackled?

    Fuji | Crabada

    We’re just very lucky, we have incredible team supporting us.

    The Snowman consensus model allows blocks to be confirmed with finality and much quicker than most L1s.

    It does not suffer from blockchain reorganization which can potentially lead to bad user experience.

    It’s also highly scalable and it’s hard to foresee congestion issues happening as of yet, especially with Apricot Phase 4 Snowman ++ has improvements that address MEV issues that lead to congestion.

    It’s overall a really good chain to build on.

    Lovish Shahi | Avalaunch

    Appreciate that. Here’s a question that users may not recognize the implications of just yet…Do you have any plans to develop on a subnet? What applications make sense for a blockchain-based game and gaming ecosystem?

    Fuji | Crabada

    Definitely, it’s already in the works. This was also one of the reasons why we wanted to build on Avalanche.

    We plan to launch a zero-fees gaming blockchain — initially for our own use and later extend it to other games.

    The first step would be to migrate the idle game in Q1 2022. Subsequently, we will launch the Battle Game on it, also planned for Q1 2022.

    We think that a persistent game identity, like a player profile that can be brought across different games on our gaming blockchain is an area that we want to explore in the long run.

    We believe that there is vast potential in the future for zero-gas gaming and foresee the opportunity to bring over other on-chain games or even port over traditional games that are not on the blockchain yet. So this is something that we are really excited to work towards.

    Lovish Shahi | Avalaunch

    That’s a Great plan!

    What parts of Crabada live on-chain, and conversely, off-chain? Can you talk about the thinking around this and how the end result services the vision?

    Fuji | Crabada

    Important data will always be stored on-chain. For example, Crabada pets, other game assets, tokens, battle proof, etc. The other stuff like images, audio, game details are stored off-chain.
    We use the hybrid model to reduce on-chain activities but still keep the game transparent.

    Lovish Shahi | Avalaunch

    How big is the development team, and how many developers are dedicated to building Crabada?

    Fuji | Crabada

    Currently we’re at about 12 members, but we’re trying to grow to a team size of around 20 members. Current team consists of about 2 backend developers, 2 frontend developers, 2 smart contract developers. 2 game engineers, and 4 artists.

    Lovish Shahi | Avalaunch

    you guys are well diversified in each specific area.

    Can you expand on the analytical tools available on the marketplace? Are there plans in the pipeline for building more?

    Fuji | Crabada

    Currently the marketplace provides simple data at both transaction-level and aggregated.

    For transaction-level, we show recent listings, and recent sales.

    For aggregated market data, we show the total number of sales, volume done, and average price over the past 24 hours, 7 days and 30 days.

    Let me quickly show a screenshot of the marketplace from the test environment now

    Depending on user feedback from their experience with it, we will improve it further.

    Lovish Shahi | Avalaunch

    looks interesting

    How quickly do you expect these tools to be adopted? What metrics will you use to measure this success?

    Fuji | Crabada

    We really wanted to build something that is easy to use. We expect many users to pick it up really quickly. In terms of support, we have been putting out step-by-step user guides as well on our help portal, otherwise users can also ask in our telegram or discord chats, we have an awesome community that loves to help new users figure things out!

    I think the most important metric for us would be the transaction volume of the marketplace. Aside from that we will be launching a portal for users to provide feedback directly to the team. We love to hear suggestions!

    Lovish Shahi | Avalaunch

    What approach to game security have you taken thus far? What are your biggest concerns related to vulnerabilities?

    Fuji | Crabada

    Security is our big concern, there are many ways to attack a game in general. We are building this project with security in mind, and all developers always apply OWASP principles in their daily work. For the blockchain part the smart contracts are undergoing audit by Verichains.

    Lovish Shahi | Avalaunch

    appreciate that

    What has developing on Avalanche been like for you? What has been your impression of the developer community?

    Fuji | Crabada

    Avalanche C-Chain is like Ethereum in the development aspect so we are familiar with all development tools and environments.

    We also have experience with customizing the Go-eth(Golang Ethereum fullnode) and working with coreth to build a new game subnet is not a big problem so far.

    We really need to praise the developer support for Avalanche. There are many channels for community support such as discord, reddit , meetup and even their own forum.

    It’s really easy to talk to the Avalanche team and community of other developers when we have any questions. It’s been great so far.

    Lovish Shahi | Avalaunch

    Final question before we move on to the twitter portion of our program — What part of the Crabada ecosystem are you particularly excited about? Which feature do you think has the most potential?

    Fuji | Crabada

    I’m really excited about bringing new features to players and introducing more modes of play to players. We have many ideas that we have planned, and we hope our players will enjoy growing together with us as we improve the game.

    Besides this, building out the private chain and growing the Crabada ecosystem to support many games is another big goal. It’s less work on smart contracts and more on the blockchain layer, but it’s critical infrastructure that we need in order to scale.

    Personally, I am very blown away by how much support we have received so far. We’re just really excited to wake up and build every single day.

    Lovish Shahi | Avalaunch

    We are excited too

    Now let’s go ahead with the Twitter questions.

    Twitter questions

    @trinhcrypto1997— Traditional gaming industry are inconvenient for game management. How will blockchain technology in combination with Crabada Play-and-earn model solve this issues?

    Fuji | Crabada

    Just to cover the technical implementation part, in our first implementation that is more or less fully on-chain, there’s less development tasks and infrastructure that needs to be built.

    Instead of building a login flow, you can do an integration with metamask. Instead of payment integration, you can rely on the blockchain to track transactions.

    You also don’t require complicated architecture for database solutions to track game assets and transactions since blockchain will handle that for you. And of course, the blockchain handles the infrastructure and security as well.

    Dave Donnenfeld | Avalaunch

    I’d like to thank @shahi297 for his interim hosting. I’ll be taking the reins from here. So, infrastructure, security and simplicity…can’t ask for more from the blockchain. Next up is from @LukasDuong1— How can you ensure that gamers and Crabada have a long-term relationship? Do you have any tax or staking system?

    Fuji | Crabada

    We have our own native marketplace that charges a small transaction fee. Within the game, renting Crabada from the Tavern from other players also incurs a small fee. These fees will go to the treasury for CRA holders to manage. This approach would be sustainable long term to us as game makers as well as game players without suffering from power creep seen in traditional games.

    We will implement staking about two weeks after launch. Staking initially provides benefits for investors to get involved with the game. Eg, lucky draw for rare Crabada, increasing team size.

    There are staking rewards set aside for CRA stakers as well.

    Dave Donnenfeld | Avalaunch

    Sorry to pause your roll here but what is “power creep?”

    Fuji | Crabada

    power creep is when a game continually introduces new skills and abilities that makes older ones seem weaker. it’s not fun for players

    it also devalues older skills and abilities as a result

    Dave Donnenfeld | Avalaunch

    Interesting. Thanks for that. From @Elnazvera1— What was the biggest technical challenge Crabada faced when starting to develop your project?

    Fuji | Crabada

    One challenge that we faced is with the parser (we are using The Graph). It does not provide enough features that we need for complicated data aggregation so we have to take additional steps to process the data before it’s ready for the database.

    @jamesch8825 “Idle Crabada that are not mining or looting can still earn rewards by being deployed to the Tavern as mercenaries” Can you explain this concept?

    Fuji | Crabada

    We want to provide many ways to win for players. Maybe some players do not get involved directly in gameplay, and we built the Tavern for them to lend out their Crabada to miners or looters as reinforcements.

    @SarahMurtaza3— Wen lambo

    Fuji | Crabada

    Wen Crabada Island

    Telegram Questions

    Trum Cryp

    CAN you tell us about the security measures adopted by your platform? what is your project status regarding AUDIT? Are your smart contracts audited already?

    Fuji | Crabada

    we have cleared audit for our sales, breeding, time lock contracts. we will release the public audit soon
    the game contract audit is currently underway

    TONY KIEN | TRADER 💪💪

    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?

    Fuji | Crabada

    We really want to create an investor-player class where you own the game and play the game. So we have planned many benefits for CRA stakers who play the game in addition to investing in it

    Alex | GEM LOUNGE

    NFT ecosystem is huge and there is fierce competition in the DeFi+NFT space Which NFT project do you see as your competitors? And how do you plan to compete with them?

    Fuji | Crabada

    Yep I think we will see this space continue to grow. It’s really positive when we hear about large game publishers taking an interest in blockchain gaming. Also in the play-and-earn space, I think many great projects are also in the building phase. We will stay focussed on our own mission to build a fun and sustainable game that anybody can join. Rather than see it as competition, we see it as potential partners for our zero-gas gaming chain.

    Migoi | BUY THE DIP🐈🐈

    What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

    Fuji | Crabada

    Crabada generates revenue through economic transactions that happen on the platform, for example through marketplace trades, and lending and borrowing.

    Ciluk_BA

    As we know that every AMA program in a project, we all always talk about the advantages/pros of the features of the project. It’s rare for projects to notify about their project’s lack of features. So can you honestly tell us what your project lacks/cons in features?

    Fuji | Crabada

    So currently it’s a little hard for us to support guilds due to lack of scholarships. We plan to offer more support for guilds with new features in 2022. Maybe not exactly scholarships, but we believe in the value of mentorship and want to support play-together features.

    On the flip side, this is an opportunity for early players!

    Dave Donnenfeld | Avalaunch

    A big thanks and maybe a hug (can’t speak for everyone) from the Avalaunch community. We appreciate @fuji102x taking time out from what I’m sure is a rigorous schedule and spending time with us today. Look forward to Crabada’s launch, the tavern if I haven’t mentioned, and an overall successful launch.

    Fuji | Crabada

    Thanks everyone for joining, it was really fun to do this. This community has so much energy and we love the questions that were asked!

    About Crabada

    Welcome to the world of Crabada. Rediscover the prosperous ancient Hermit-Crab Kingdom once ruled by Crustaco, King of the Crabada. Recruit loyal followers to your cause. Harvest precious resources from mines, and breed new warriors for your army. Loot enemies or humble miners unaware, claiming your rightful share of their riches.

    Will you be the one to take the place as King of the Crabada? Or will you sow the seeds of discord across the land? The world is your oyster. Soon, they will tremble when they hear your name.

    Website | Telegram |Discord | Twitter | Whitepaper | Medium

  • Crabada AMA #2 — Technical Deep Dive with Fuji102x

    Crabada AMA #2 — Technical Deep Dive with Fuji102x

    Join us in the Avalaunch Telegram group for the second AMA with the Crabada team.

    In this AMA, we are joined by CTO, Fuji102x, where we will be covering the project from a technical perspective.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $25 USDT each, for a total of $250 in prizes

    Date & Time


    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐣 Follow: Avalaunch & Crabada

    ✈️ Join: Avalaunch Telegram & Crabada

    ♻️ Retweet: Tweet & Tag 3 Friends


    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • Crabada AMA #1 — Project Overview with 0xTender (Recap)

    Crabada AMA #1 — Project Overview with 0xTender (Recap)

    On 11/01/2021 at 12:00 p.m (PST), an AMA session was held on Avalaunch with special guest 0xTender, Co-Founder of Crabada . Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld| Avalaunch

    Welcome everyone to the Crabada AMA. Today, we’re going to do an overview of this promising project. Our esteemed guest and colleague is none other than @Oxtender an instrumental part of the Crabada team. Welcome. Are you ready to lock horns with our vibrant community?

    Tender | Crabada

    Hi everyone! Thanks for taking the time to participate, and very excited to be here today

    Dave Donnenfeld| Avalaunch

    Our pleasure. Let’s jump right in — To begin with, please give us a bit of background on yourself. What did your career and education look like before crypto, and how did you end up focusing on blockchain gaming?

    Tender | Crabada

    For sure. So a quick summary is that I went down a more “traditional” route, having gone to business school and starting as a business analyst as my first job. However, as I grew in my career, I became more exposed to crypto and blockchain, having worked in product roles across both traditional and blockchain products, such as digital exchanges and cloud backup providers

    As my exposure and experience in crypto grew, I became increasingly interested and passionate in the future of the space. This eventually led to my decision to start a small team to provide consultation on product and architecture for blockchain products.

    As for blockchain gaming, it came about from my team’s shared passion for playing games. We were all avid gamers in our youth and these experiences stuck with us even as we began to delve into the crypto space. From this background, Crabada came about due to our desire to marry our passion for gaming with our strong conviction in the future of blockchain.

    Dave Donnenfeld| Avalaunch

    Awesome. Thank you for that. So from humble beginnings to Crabs. I like it — How did this strong technologically-minded team come together, and what was the turning point to building this Play-and-Earn game?

    Tender | Crabada

    We conceptualised and started working on Crabada in 2021, so there were already various role models and inspirations of what gaming on the blockchain could look like. So really we were just standing on the shoulder of giants.

    Each of us were already working with EVM-based applications in different capacities, and as gamers ourselves, it seemed an interesting thing to explore.

    I don’t think there is anything wrong with gaming as it is now, but using blockchain for games allows us to explore new models like play-and-earn just because of how tightly knit you can make the game and financial layer. Game assets could easily transform into financial assets frictionlessly and it opens up new modes of play that’s sustainable for game makers and players.

    Dave Donnenfeld| Avalaunch

    Play and earn is compelling…the GameFi thing is really taking.

    At what point did you decide on developing on the blockchain, and how many iterations did it take before arriving at Crabada and its theme?

    Tender | Crabada

    For sure, it’s a really exciting space and we feel very blessed to be working on interesting problems

    Right from the start, we were already planning to have our game built on the blockchain, as we were all believers in the future potential for web 3 and crypto to revolutionise the gaming industry.

    We could see how the rise of decentralised applications and the growing acceptance of crypto in institutionalised settings would only continue to grow and therefore we wanted to ensure that our project would be built on the platform of the future.

    Regarding the theme of Crabada, we definitely went through many iterations before eventually settling on our current concept.

    We chose to use hermit crabs as game pets because they are originally creatures that were somewhat modular, they change their shells when they need to grow, and we believe that this represents our vision for a game and community that also continually evolves as they grow. While shells are the most distinguishing feature, we have expanded the concept to make all parts of Crabada modular.

    Dave Donnenfeld| Avalaunch

    Nice. Hermit crabs can live more than 30 years and I expect you all to have a long life span. 😄

    From what I’ve seen there are a few unique features that sets Crabada apart from the myriad Play-and-Earn games out there. Can you talk about Crabada’s economy? How the integration of the NFTs, the native token (CRA), and the in-game currency (TUS) come together to serve the Crabada universe?

    Tender | Crabada

    For sure, sustainable economy is key problem we work hard on. It’s really awesome for players to play a game which you can make long-term bets on

    Treasure Under Sea (or TUS) is our in-game currency and it’s used in our native marketplace from the start. Players and collectors will be able to buy and sell Crabada using TUS, and subsequently in-game items and resources will be introduced as well.

    CRA, our governance token, has some innovative designs. We see potential for it to accrue value from platform use via ‘Marketplace’ and ‘Lending’ fees in the future. Most immediately it’s being planned as a membership model that makes playing Crabada more convenient and benefits players. For example, increasing the maximum team size, speeding up battles, participating in lucky draws for genesis Crabada.

    It’s really about giving power to the investor-player class where you own the game and play the game!

    Dave Donnenfeld| Avalaunch

    Why focus on an “idle game” and how does this serve the vision of the project?

    Tender | Crabada

    We chose an idle game concept because it’s a game mode that most people are familiar with. Time is a scarce experience and we want to create a game that can be easily picked up and learnt, but still very replayable and players feel good to invest their time in it.

    We want Crabada to be played by anyone, anytime and anywhere. Learning how to play is relatively easy, and it’s not disruptive to everyday activities. Heck, we want players to play Crabada alongside other games as well

    For our next game, ‘Battle Game’, we still retain idle game elements and also bring in more complex battle dynamics, and nation-building concepts into the game. Still want to keep the barrier to entry low, but also give players interesting problems to solve and provide many ways to win.

    Dave Donnenfeld| Avalaunch

    Props to Crabada for some really sophisticated art and game design. I am curious what the process of creating such a unique world looks like.

    Tender | Crabada

    We’re really glad that you enjoy them!

    Regarding how this all came about, it was definitely a team effort, with everyone pitching in to help ideate, refine, and then challenge the various themes that would influence the art and game design. Through this iterative process, we slowly built up the game’s visual aspect to what it is today. Special thanks has to go to our lead artist Min, who sacrificed many nights of sleep to build out Crabada visually, through his amazing talent to translate our ideas into art.

    We explored various themes around the different classes of Crabada. We really just wanted to have fun with it, and I think this energy was transmuted into some interesting ideas, for example, there’s a class that consists of blockchain networks crabs, which is really distinct and people really seem to love.

    Dave Donnenfeld| Avalaunch

    Ha. Having looked at the Roadmap, I noticed that there are quite a few features that unlock after the launch. Can you cover some of these briefly, and what the token holders should be expecting within the first 6 months or so?

    Tender | Crabada

    After the token distribution events, it will be followed by our special breeding event for IDO participants and early supporters, where we reward them with the special opportunity to breed the original supply of crabs in Crabada!

    After that, the next major milestone for us will be the launch of our idle game on the 15th November, supported on web browsers. Once the launch has successfully stabilised, we plan to release support for mobile browsers, in order to allow our players to enjoy Crabada on their mobile devices.

    Subsequent to the launching of our idle game, we will continually roll out more exciting events and features for players, such as mining zones where players can mine faction resources that will be a key part of our eventual battle game mode.

    We are also preparing to introduce staking in a few weeks after the launch, which will allow players to access staking benefits and further support the development and growth of the Crabada community.

    Lastly, looking ahead to 2022, we are preparing for the launch of our cross-platform battle game mode sometime around March. I think players can look forward to more complex battle mechanics, great in-game battles where Crabs display their amazing array of skills, and exploration of the ancient Kingdom of Crabada via PvE

    Dave Donnenfeld| Avalaunch

    Wow. That is packed roadmap and a lot in the near term. Very impressive. The space has come a long way since raising money for a mainnet to be named later. I’ll put November 15th in my calendar and have an eye out for staking.

    Is there anything that you can reveal at this time, about the long-term vision of the Crabada kingdom, does it expand beyond minting, breeding, looting and battling features?

    Tender | Crabada

    At the present, we have planned out our roadmap with a 1.5 year runway. We have already made plans to introduce more competitive features to the game such as PVP tournaments, as well as social elements such as in-game guilds, claims and play-together with friends

    While it is still early days, in the future we plan to expand the Crabada universe by branching out to other genres, like Tower Defence, or by allowing our crabs to be used in other games that cater to a wider variety of gamers.

    We believe that there is vast potential in the future for zero-gas gaming and foresee the opportunity to bring over other on-chain games or even port over traditional games that are not on the blockchain yet. So this is something that we are really excited to work towards.

    Lastly, while these are still early days we see great value in the potential of creating a metaverse for the fans and players in our Crabada ecosystem. With the growing adoption of technology across every aspect of our lives, we hope that one day we will be able to provide members of our community with an ecosystem where people can potentially use their Crabada avatars to explore virtual worlds and interact with their friends, trade NFTs, and enjoy a multitude of services all from one single unified Crabada platform

    Dave Donnenfeld| Avalaunch

    There’s that word…Metaverse

    This is indeed a very exciting time to be building on Avalanche. Since Crabada will be the first (hopefully of many) Play-and-Earn games building on this blockchain, I wonder what were the critical factors that determined building the project in this community?

    Tender | Crabada

    One of the really key factors that drew the team toward building on Avalanche was the overwhelming community support that we were receiving. When the project idea was first conceptualized, our team did extensive research on which ecosystem would be best to launch the game on. We were quite blown away by how warm and welcoming the Avalanche community was. Shoutout to Avalaunch (of course), Ava Labs, TraderJoe, Avaxholic and everyone’s favourite — CederNets

    Another key factor for consideration were the transaction speeds and gas fees of L1 chains. With Crabada being a play-and-earn game, our main priority was to provide players with the best on-chain gaming experience possible, especially for our initial idle-game phase where we were going to be pretty reliant on on-chain transactions for game actions.

    The transactions needed to be quick and affordable. Avalanche is — quote-unquote “Blazingly Fast and Low Cost” which was exactly what we needed. Additionally, the Apricot Phase Three upgrade couldn’t have come at a better time for us, where C-Chain fees were essentially being reduced by up to a whooping 66%. That was just really great news for us, and the Avalanche community itself. 😍

    So I think from there, we were kinda fixated on the idea of having Avalanche as the home-base for the Crabada-verse.

    Dave Donnenfeld| Avalaunch

    The old Apricot Phase Three upgrade in the nick of time.

    That’s something you don’t hear every day

    Tender | Crabada

    We like the Apricot

    Dave Donnenfeld| Avalaunch

    Finally, before we move on to the twitter section of the program- are there any last points you’d like to discuss, or share with the Avalaunch community?

    Tender | Crabada

    Our vision is simply to create a game that can be enjoyed by anyone, anywhere, at any time. We are extremely excited to build towards a game that will not only be enjoyed by crypto natives, but also by the masses. We hope that everyone here is as excited as we are, and to work claw-in-claw towards bringing the GameFi revolution to new heights.

    Remember, wake up and like the crabs. Are you ready for the Crabalanche? 🦀🦀🦀🦀

    Twitter questions

    Dave Donnenfeld| Avalaunch

    I am ready. My body is also ready. NGL, that was a pretty epic Q&A. Great stuff. First up from our supporter over on the twitter comes from @cryptoyaos who asks — we can only buy Crabada from other players after the breeding event, is that true? Will there be any other NFT sales from the team?

    Tender | Crabada

    Thanks for everyone who contributed questions! So many nice ones, and really feel the warmth and excitement of the Avalaunch community

    So besides the initial breeding event, there’s also a lucky draw format for CRA stakers to win some Crabada. We have prepared 64 genesis Crabada in total, 10 of which will be distributed via the Special Breeding Event, and the remaining 54 will be distributed in a lucky draw format for CRA stakers.

    We don’t intend to sell NFTs to players directly but instead, let players craft them. There are plans for more NFTs for the game including equipment, skill books after Battle Game is launched in Q1 2022. These will be craftable by players!

    Dave Donnenfeld| Avalaunch

    They are not always so warm but they are awesome and seem to be quiet and listening to you. Muting the channel helps as well with this. Question 2 from Twitter — @dydd2020 The project slogan is “Play with Earn,” i want to know how do you keep the balance between the play and earn?

    Tender | Crabada

    Good question — we chose the term “play-and-earn” instead of “play-to-earn” to further embody our vision for Crabada to allow users to have a gaming experience first, and a crypto experience second. It’s really an ethos for us

    We want to make an inclusive game that welcomes people from all walks of life, even those who are not invested in crypto full time but are interested in an enjoyable game experience with the added potential of monetizing their effort.

    Dave Donnenfeld| Avalaunch

    You had me at “Crafted by players.” @AdcDavidtai1999 You are Planning to Launch the BETA VERSION
    of the Crabada So that Many players Like me Can test and Overview this Exciting Platform?

    Tender | Crabada

    Ok short answer — Currently, yes, we will consider open beta for the Battle game in Q1 2022, but currently no fixed date for it yet. We’re really excited to get it into the hands of players!

    Dave Donnenfeld| Avalaunch

    @M31Em In explaining it you mention it as an idle game.. which in game currency would you be earning while idle.. or is it both?

    Tender | Crabada

    Players will be earning primarily TUS from the games. Also when we launch a new game mode, we set aside some CRA incentives for it, so players will be earning both CRA and TUS when we launch the idle game. We always want to reward players for trying new things! 😇😇

    Dave Donnenfeld| Avalaunch

    Final question from Twitter before we release the Kraken and let you pick 5 magical questions from our enchanting community. @IvaniWu01 What characteristics differentiates Crabada from other P2Eearn project & what is the strategy to follow in order to position itself in the market and offer confidence, solidity & profitability in an innovative and creative way & not disappear sooner than desired?

    Tender | Crabada

    Will preface this by saying that building gaming with a blockchain layer is still a very new and interesting problem. There’s not really a playbook here. While we can come in with our hypothesis and models, we are prepared for iterations and experiments alongside our players. Shoutout to 0xRyze from Cryptoraiders for being a true fren of Crabada and helping us along the way

    One interesting problem we give players to solve is around nation building / community building. We start to introduce factions early on after launch, as a taster for more faction mechanics in the Battle Game (Q1 2022). We want to give players the option to align themselves with certain factions and contribute to the overall faction, while not overly restricting modes of play. So I think factions have potential to become a core mechanic, let’s see.

    Economy is also an interesting topic. How to create an economy that does not overly rely on new players coming in to support it. On one hand, we have to compete with other games that promise endless rewards, but we believe in building a sustainable game that can stand the test of time.

    With the battle game, we will implement a trifecta of inflation-reducing mechanics including fusing NFTs, using game NFTs as ingredients, and battle injuries with the aim of creating sustainable emissions. We want to push the boundaries a little, and hopefully take the blockchain gaming space a little further.

    Telegram questions

    Derry,S

    What main reason that make Crabada chosen play and earn models instead click to earn, free to earn, play to earn and etc. How are the difference of play and earn that Crabada brought.

    Tender | Crabada

    For traditional mobile games, there are limited business models, the most popular being play-to-win, where it’s not really a great experience for players who have to spend to keep up with the game. Unfortunately, the reality is that this is required for operating cost for game developers. With blockchain, we can tap into the financial layer easily, and create new and sustainable business models where players can have a good experience and at the same time, developers can cover operating costs to keep building great game features.

    Alielie Alielie

    Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?

    Tender | Crabada

    For sure, we are planning ambassador programs. We want to empower players that do well to impart their knowledge to the community, and teach others as well. This is still in the works, but hopefully we can announce it soon!

    𝐇𝐚𝐩𝐩𝐢𝐧𝐞𝐬𝐬

    CAN you tell us about the security measures adopted by your platform? what is your project status regarding AUDIT? Are your smart contracts audited already?

    Tender | Crabada

    We’re currently in audit by Verichains for our sales, breeding chamber and timelock contract. We’ve had good feedback so far from them, and once the audit results are out, we will publish them

    John | The Gem Hunter

    Earning the trust of investors is extremely important in a project. How do you manage to gain their trust and make them stay in the long term?

    Tender | Crabada

    I’m staying up till 5am to do this interview because I really want to spend time with you guys 😊😊

    ^JLi∆^

    Most of the priority of the cryptocurrency community & investors is the symbolic price. When the price of $CRA token soars/pumps, the community rejoices and grows. When the price of $CRA your token drops/dumps, many people are fear, uncertainty and doubt (FUD) of Crabada.

    So, How do you deal with this or how do you deal with your investors panic if $CRA token price drops/dumps?
    What are your plans to strengthen and grow your community & investors so that they don’t just value Crabada in terms of the price of $CRA tokens only?

    Tender | Crabada

    Last question! We built our economy for resilience. Currently in idle game we want early adopters to earn tokens easily. With battle game, we introduce many more ways to play, and this means many more ways to win!

    We really care about our players, and alot of hours have gone into designing economy to survive ‘demand shocks’, such as allowing Crabada to become ingredients like Crab soup? 🤔

    I hope players will look forward to them!

    Dave Donnenfeld| Avalaunch

    A big thank you @Oxtender This has been great.

    Tender | Crabada

    Thanks Avalaunch, and thanks everyone for taking the time to join!

  • XAVA Locking & XAVA Points

    XAVA Locking & XAVA Points

    What are XAVA Points?

    XAVA Points (XP) are a representational unit of XAVA that can be allocated toward your stake for any IDO. Unlike normal XAVA, they cannot be purchased or traded, but are earned across the platform by staking XAVA and through various actions like locking XAVA and community-driven tasks.

    Staking XAVA:

    For every XAVA staked in the allocation staking pool, you will receive 1 XAVA Point. These points don’t represent any additional benefit beyond your normal XAVA, but are simply grouped with earned points for ease of use during IDOs.

    How to Earn Additional Points:

    Currently, the only way to earn extra XAVA Points beyond your stake is by locking your XAVA, however, there will be more ways to earn in the near future centered around continued participation and community engagement.

    You can alway check your current XAVA points and history under the XAVA Points tab.

    Video Tutorial:

    How to Lock XAVA:

    A user will now be able to lock their XAVA for a predefined term (3,6, and 12 months), for a multiplier on that XAVA, in the form of XAVA Points.

    Important: You cannot unlock your XAVA until your selected lock term ends.

    You can alway check your current XAVA points and history under the XAVA Points tab.

    How does XAVA locking work?

    When you lock your XAVA for a predefined term, you’ll receive additional allocation power in the form of XAVA Points that can be used toward any IDO.

    There are 3 locking terms you can participate in, each with a set multiplier:

    • 3 months → Receive 1.3x XP Multiplier
    • 6 months → Receive 1.5x XP Multiplier
    • 12 months → Receive 2x XP Multiplier

    Example Scenario:

    • You lock 1,000 XAVA for 3 months.
    • When locked: You will have 1,300 XAVA Points which you can allocate toward IDOs. The additional 300 XP in this case are the XAVA Points you earned via the multiplier.
    • When unlocked: You will receive your 1,000 XAVA back, and the 300 XAVA Points will expire.

    How to Upgrade Your Lock:

    If you want to upgrade your locked XAVA to a longer term without purchasing and locking more, you can do that under My Lock History under the XAVA Points tab.

    To re-lock XAVA for a stronger multiplier, click on the Upgrade button:

    Once you click on the Upgrade button, a module will appear where you can upgrade your lock to a longer term.

    Lock Analytics:

    Global analytics – what has been locked up and for how long – are available on the XAVA Points tab.

  • Setting Up Sale Automation

    Setting Up Sale Automation

    Video Tutorial:

    Sale Automation Features:

    Avalaunch IDOs now include two automations (Auto-Buy & the Booster Round) that require a deposit of AVAX to execute successfully. This guide provides steps to set up those features.

    Deposit AVAX Collateral:

    The deposit modal can be accessed through the Automations tab under the Accounts page.

    Users will also be prompted to deposit collateral with predictive amount recommendations during registration as well.

    During an active sale, you can check the automations tab to make sure that you have met the recommended collateral, which will be based on your current stake and predicted allocation.

    Set Up Auto-Buy:

    Auto-Buy is an Avalaunch automation that will allow a user’s allocation to be automatically purchased during the IDO sale window. When enabled, a user will no longer be required to be present during the sale to purchase their guaranteed allocation, as long as they have deposited the recommended collateral.

    Right now, the recommended collateral will be 2x your predicted IDO allocation. In order to ensure you receive your full available allocation, please deposit the recommended amount.

    Deposit AVAX Based on Your Predicted Allocation:

    The recommended collateral is two times the collateral needed for your predicted allocation, which includes gas fees. This ensures that you receive your maximum allocation, although you can deposit less.

    How Does Auto-Buy Work?

    Auto-Buy can will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered. Once the sale begins, you cannot disable the Auto-Buy automation.

    You can locate the Auto-Buy modal under your Automations tab.

    In addition to no minimums and guaranteed allocations, Avalaunch is the first launchpad to offer the type of stress-free user experience which allows for passive participation in an IDOs.

    Your participation in an Avalaunch sale can start and end with registration. With our new set of automations, our IDOs are now not only guaranteed, but can be entirely “hands off.”

    Opt Into Booster Round:

    Historically, there have always been unsold tokens in our IDOs as a function of our guaranteed allocations. If a user’s allocation is guaranteed to be waiting for them during the sale, there is always a chance that they don’t show up, leaving a remainder.

    For our past 19 IDOs, we have purchased these unsold tokens at our cost and airdropped them to sale participants. While we felt this was a reasonable and generous solution, there has always been demand for a “last chance” offering of the leftovers.

    The Booster Round is our response to this request.

    How Does it Work?

    The Booster Round is an opt-in final round which will allow stakers to pick up additional allocation after their guaranteed allocation in the Staking Round. Enabling will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered.

    This round, like auto-buy, is automated and there is no need for a user to be present during it.

    You can locate the Booster Round modal under your Automations tab.

    In order to be eligible for the Booster Round, a user must first opt-in before and deposit the recommended collateral before the IDO begins. In addition to the collateral, you will be required to deposit AVAX for gas fees. This is to ensure that the transaction executes and the automation is 100% reliable.

    Once the Staking Round has concluded, the application will begin to automatically scan the list of participants that have opted-in, sorted by stake, with the highest stake first.

    If a user has opted in and deposited collateral, it will automatically purchase up to 1/2 their allocation in the staking round, with a hard cap of $300. No user will receive more than this, regardless of their stake.

    If a staker has not enabled this feature or not deposited collateral, they will be skipped. If the user has not deposited enough collateral to receive the maximum Booster Round allocation available to them, whatever collateral is available will be used, and the application will move down the list.

    Why Not “First Come First Serve?

    The Avalaunch application was designed to remove the stress, confusion and need to be first from the IDO process. A round where the person who was the fastest or cranked their gas the highest “wins” would be antithetical to all of the design choices we have made to date. While we understand the desire, we simply prefer a more orderly solution.

    With the collateral requirements and hard caps in place, we anticipate that the the Booster Round will allow for hundreds of participants to receive additional sale allocation, without sacrificing any of our core design principles.

     

  • Crabada AMA #1— Project Overview with 0xTender

    Join us in the Avalaunch Telegram group for the first of two AMAs with the Crabada team.

    First up is Co-Founder, 0xTender, where we will be covering the project at a high level. The focus of this AMA will be the business development, vision, road map, and post-IDO plans.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $25 USDT each, for a total of $250 in prizes

    Date & Time


    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐣 Follow: Avalaunch & Crabada

    ✈️ Join: Avalaunch Telegram & Crabada

    ♻️ Retweet: Tweet & Tag 3 Friends


    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • How to Acquire XAVA

    How to Acquire XAVA

    In order to participate in Avalaunch IDOs, you will need to acquire the XAVA token.

    Step 1: Purchasing AVAX from Coinbase

     

    Step 2: Connecting to MetaMask

    Step 3: Send AVAX from Coinbase to MetaMask

    Step 4: Exchange AVAX for XAVA

    Step 5: Connecting MetaMask to Avalaunch

  • Crabada x Avalaunch — IDO Announcement

    Crabada x Avalaunch — IDO Announcement

    The impact of gaming and now GameFi in the blockchain space can not be overstated. The long predicted breakthrough for Ethereum was long assumed to be gaming on the blockchain. The inherent limitations momentarily put it on the backburner and then along came DeFi. Gaming, as an industry is simply too big and the blockchain too rife with opportunities for it to be denied. With the advent of “play-and-earn” and the buzzword of “GameFi” now in the vernacular of crypto users, this model represents a potent marriage that could well last a very long time.

    What we are witnessing is but the beginning and one that the Avalanche ecosystem will be instrumental in delivering. Avalanche is attracting more and more top tier projects that require the low fee structure and near instant finality of this powerful L1.

    For gaming projects, such features are essential and fortunately for Avalaunch, we are pleased to announce our next IDO: Crabada.


    Overview

    Crabada effectively bundles NFT assets and core gameplay to create a rather addictive experience that is undeniably fun.

    In this world, users are invited to “rediscover the prosperous ancient Crabada Kingdom once ruled by Crustaco, King of the Crabada,” and are welcome to go on mining expeditions, loot and breed their Crabada in order to expand their forces within the system. Furthermore, earners of their governance token, CRA, are invited to create the future of the kingdom through governing powers and determine the fate of this virtual world.

    Crabada’s ecosystem is varied with endless possibilities of in-game assets that can been obtained through the process of breeding and this play-and-earn “idle” game has an ease of use and flatter learning curve than one typically encounters in the realm of gaming. An idle game is one that can be played with some passivity, i.e. in a way that is not all-consuming — a veritable pastime experience. The driver of course is that Crabada is not only entertaining but something that can deliver financial value as well. Crabada is endeavoring to bring to market an innovative play-and-earn model via a unique PvP (Player Versus Player)-infused idle gameplay.

    Avalaunch anticipates that Crabada has the opportunity to gain genuine popularity and is a project that captures both the trending moment with its in-game mechanics while serving a greater utility that will foster genuine sustainability.


    Roadmap

    Crabada is an exciting play-and-earn NFT game based in a world filled with fierce fighting Hermit-Crabs called Crabada (the NFTs). Players will rediscover the prosperous ancient Kingdom of Crabada and earn rewards through activities such as mining, looting, breeding, battling, exploring, crafting, and more.

    Currently in the roadmap for Crabada, you will find:

    • Special Crabada Breeding Event — November 2021
    • Crabada Breeding Feature — November 2021
    • Crabada Marketplace — November 2021
    • Idle Game Release — November 2021
    • Battle Game Prototype — November 2021

    Before end of Q1 2022, the Battle Game is slated for release and such aggressive roadmaps are typically reserved for, well, less challenging projects. Crabada is starting to feel the proverbial “wind at their back” and Avalaunch believes they are going to make an impact that will be felt across the greater ecosystem.


    Partners and Backers

    • The Avalanche Foundation
    • Avalaunch
    • Skyvision Capital
    • Not3Lau Capital
    • Zee Prime Capital
    • Devmons
    • Wangarian

    “We at Zee Prime believe that crypto gaming is the gateway to mainstream crypto adoption. That’s why we are happy to support Crabada, one of the most promising NFT games with a hard working and wholesome team behind it. We simply like the crabs.”

    Fiskantes, Partner at Zee Prime Capital


    Final Thoughts

    Bringing a fleshed out game to market is a capital and development intensive affair which can take years. Even amongst listed blockchain gaming projects, many of them have yet to release anything substantial despite being tradable assets for a year or more. It is not an easy road to hoe and Avalanche has been fortunate to see a number of the more mature projects attracted to the chain. Crabada certainly qualifies as one of them.

    Co-Founder/CEO of Crabada, OxTender notes:

    “The Avalaunch team are passionate operators in the Avalanche community, and go above and beyond what is needed to help their partners succeed. They have provided valuable expertise in helping us articulate our vision for Crabada and true professionals at their craft.

    It is a pleasure to be working with them.”

    The Crabada IDO was originally slated solely for their own platform and their whitelist was oversubscribed in literally a few minutes. Avalaunch is grateful that they were willing to carve out a substantial piece of their raise for our community. Though we do our best to seek out larger raises, Crabada is simply too good to pass up.

    We are wholly confident in their ability to deliver a pedigreed gaming experience to the Avalanche community. We at Avalaunch have gotten to know them over a number of months and have come to very much appreciate their team’s flexibility and desire to work with us.


    Crabada Links

    Website | Telegram (Discussion) | Telegram (Announcements) | Discord | Twitter | Whitepaper | Medium


    Tokenomics

    Funding Numbers:

    · Private: 60,000,000 at .010 USD — $600,000 USD

    · Community: 60,000,000 at .018 USD — $1,080,000 USD

    · Hard Cap: $1,680,000 USD


    Supply Breakdown & Vesting:

    Total Supply: 1,000,000,000 CRA

    • Token Sales (Private, Community): 120M CRA (12%)
    • Ecosystem: 200M CRA (20%)
    • Play-and-Earn Rewards: 300M CRA (30%)
    • Staking Rewards: 130M CRA (13%)
    • Advisor: 30M CRA (3%)
    • Team: 170M CRA (17%)
    • Liquidity: 50M CRA (5%)

    Vesting:

    • Private: 3 month cliff, 20% every 3 months subsequently
    • Ecosystem: 50% Unlocked, 50% locked for a year
    • Advisor & Team: 6 month cliff, 12.5% every 3 months subsequently
    • Liquidity: 100% Unlocked*
    • Community: 100% Unlocked
    • The team has committed 8.9% as liquidity provision upon listing.

    IDOs:

    • Avalaunch: 22.22M CRA @ .018 (Details Below)
    • Crabada: 37.77M CRA @ .018 (Details here)

    Other:

    · Initial Circulating Supply: 60,000,000 CRA (excluding liquidity tokens)

    · Initial Market Cap: 1,080,000 USD (excluding liquidity tokens)

    · Initial Liquidity: 4.4M CRA and 80K USD in AVAX*

    An additional *120k USD in AVAX liquidity for the in-game token TUS.


    The Crabada IDO on Avalaunch

    • 22.22M CRA at .018 USD (Total Supply: 1B CRA)
    • Sale Size: $400,000 USD

    Registration Schedule:

    • Registration Opens: 11/2/2021 at 3 p.m. (UTC)
    • Registration Closes: 11/6/2021 at 6 a.m. (UTC)

    Sale Schedule:

    • Validator Round Begins: 11/8/2021 at 6:00 a.m. (UTC)
    • Validator Round Closes: 11/8/2021 at 6:00 p.m. (UTC)
    • Staking Round Begins: 11/8/2021 at 6:30 p.m. (UTC)
    • Staking Round Closes: 11/9/2021 at 6:00 a.m. (UTC)

    Avalaunch Sale Distribution

    • A minimum of 90% of the sale will go to the community stakers of XAVA.
    • Approximately 10% will be reserved for validators of the Avalanche network.

    IDO Recap

    • Total CRA for sale: 22.22M
    • Price: $.018
    • Size: $400,000
    • Vesting — 100% Unlocked
  • Oh! Finance AMA — Project Overview with Rick Seeger (Recap)

    Oh! Finance AMA — Project Overview with Rick Seeger (Recap)

    On 10/22/2021 at 12:00 p.m (PST), an AMA session was held on Avalaunch with special guest Rick Seeger, Co-Founder of Oh! Finance. Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld| Avalaunch

    Hello and welcome everyone to our first AMA with Oh! Finance.

    I hope you all have your popcorn ready and seated comfortably.

    Today, we are fortunate enough to have the co-founder of this heavily anticipated project with us, Rick Seeger and rumor has it that Mason Schuler, one of the directors of Oh! will also attend. Either way, welcome to our active, vibrant and lovable Avalaunch community.

    How are you today @RickOhFinance

    Rick Seeger| Avalaunch

    Doing great!!!

    Dave Donnenfeld| Avalaunch

    Let’s get right into it and hit the ground running — To begin with, please give us a bit of background on yourself. What did your career and education look like before crypto, and how did you end up focusing on blockchain technology, and specifically DeFi?

    Rick Seeger| Avalaunch

    I was an electrical and computer engineering dual major, with minors in math and business. I come from a background that is deeply appreciative of code, technology, specifically emerging technologies, as well as, how does technology integrate with business. Enter blockchain. I’ve been in the crypto space in some way shape or form since 2011 — writing trading bots, different trading algorithms, yield algorithms, and having just a general appreciation of public ledgers etc. As blockchain started entering mainstream I joined the Azure Blockchain and Technology team and immersed myself even further. At that point DeFi was just a natural progression of everything that came before it — technology, business, and math = DeFi. DeFi is a way to bring power to the people which is the ultimate empowerment and embodiment of technology!

    Dave Donnenfeld| Avalaunch

    and you’re a speed typer to boot.

    Rick Seeger| Avalaunch

    Tech my whole life!

    Dave Donnenfeld| Avalaunch

    How did such a technically strong team with backgrounds as diverse as Amazon, Microsoft and Oracle consolidate, and how did you come to unify your vision as Oh!Finance?

    Rick Seeger| Avalaunch

    Mavis would be proud.

    I hope you get that reference.

    Like crypto, the technology world is small. The venn diagram gets even smaller when you include crypto and blockchain. So we’re a couple sets of “IRL” friends who were all working in the PNW / Bay Area / SoCal who were intro’d through mutual friends. We had been talking about launching a token for the most of the past bull run and after talking with friends, family, advisors, and just taking our own opinion and passions into mind — Oh! was born! Our entire team is technologists who are blockchain savvy. We were fielding way too many questions on “how to break into” crypto and that’s when we knew the space was still too immature and the right product did not yet exist to bring in the “normie” — ie — our friends… aunts — uncles — etc!

    Dave Donnenfeld| Avalaunch

    That’s ambitious to be sure

    What was the decisive point to build something as ambitious as Oh!Finance, and why leverage the power of blockchain to achieve this?

    Rick Seeger| Avalaunch

    Great question!

    She’s proud

    This makes me so happy that you found this.

    I could answer this two ways. 1) When my uncle asked me for the hundredth time how to buy ETH and what is metamask (the ‘fox thingy’) and he’s heard people are making “5%” on their money and how can he do that too!

    The typical return on a ‘safe’ investment is around 2.7% depending on your benchmark.

    So the other way I could answer this would be 2) after using Curve for the two hundredth time and realizing that while being an incredible product — institutional grade…

    It’s simply too hard to use and way too hard to explain to really anyone that isn’t deep into blockchain. It’s a _very_ hard interface. I guess most simply — user experience matters.

    Dave Donnenfeld| Avalaunch

    What is the uniqueness of Oh!Finance, and how does this set it apart from its competitors?

    Rick Seeger| Avalaunch

    Apart from what we hope is some excellent (and fun!) branding?

    We think our docs do an excellent job explaining our differentiators — so I’ll link them here docs.oh.finance

    But I want to call out a couple points / highlight a couple of points…

    “Earn more with your DeFi Dollar by using a Yield Index. Deposit stablecoins and gain yield-generating exposure to multiple DeFi Protocols. Minimal gas fees and automatic compounding.”

    What does that mean? For us, it means earn yield and a safe and efficient way.

    We call out specifically our “Yield Index” which we call our “DeFi” index

    It takes the complexity out of yield. USDC goes in and USDC comes out. Simple. Safe. Secure without a complex interface or any of the confusion that comes with all the various products, interfaces and yield opportunities.

    The “normies” are overwhelmed by “yield farming” and even the degens are exhausted by all the different options. Heck, I’m exhausted by all the options. Sometimes even myself wants to just set and forget and revisit.

    So harkening back — user experience matters and easy of choice matters which I think really sets us apart!

    Dave Donnenfeld| Avalaunch

    Nicely addressed. Oh!Finance is built around the idea of people being able to get more for their own money. How does the protocol work to achieve the competitive rate of 10–20% APY return on stable coins (USDC)?

    Rick Seeger| Avalaunch

    This one is a complex yet rather simple answer. The power of the DeFi index. By rotating on multiple protocols and rebalancing on multiple protocols you a) ensure you don’t have a single point of failure and b) you are able to squeeze out maximum yield as well (in a SAFE and SECURE way!)

    Additionally, just being flexible and aware. There’s new protocols nearly daily — understanding what they bring to the table is critical — whether that’s a impressive new yield strategy that we can work on top of — or a really great idea in terms of how to rebalance — the defi space is full of a ton of bright minds. Ensuring our protocol is ‘out in front’ will keep those yields impressive.

    Dave Donnenfeld| Avalaunch

    Flexible and aware. This is a differentiator.

    In the world of DeFi, where smart contracts control most of the operations, security is a big challenge. Can you talk about the measures taken to achieve high-level security of your protocol?

    Rick Seeger| Avalaunch

    This is we internally call the “normie defense protocol”

    and what we mean by that is — no one (aunts, uncles, brothers, etc) will put money into anything that isn’t safe. There’s still an enormous ‘cloud’ over DeFi andn crypto most broadly.

    So this is something we took extremely seriously.

    And I know this sounds like “every other protocol” out there, but it has to be stated all the same.

    Top quality audits. We’ve had a completed audit by an industry leader in Halborn (https://halborn.com/) who owns nearly every award in the opsec and contract security space (Ava Labs is a partner with them — that should tell you something!)

    And we’re undergoing another one by industry leader Quantstamp. It really doesn’t hurt that Don Ho from Quantstamp sits on our advisory board!

    Dave Donnenfeld| Avalaunch

    Good stuff Rick and Don Ho is definitely a good guy to have on board.

    Since we are on the topic of security, are you able to elaborate in more detail about the partnership with Bridge Mutual to provide protocol insurance, or at least talk about how this will work from a user perspective?

    Rick Seeger| Avalaunch

    Almost as good as having Avalaunch as our IDO partner 💪!!

    That’s what we call the “normie defense protocol 2”

    I’m half kidding, but not really. Insurance is a really big deal for feeling “safe and secure” and specifically defi insurance will be very important as DeFi becomes more mainstream.

    If you’re in the US — you can liken it to being FDIC insured — it’s an additional peace of mind.

    It’s an integration that is planned for Q4 — ie we’ll be working on it shortly after launch. Mike from Bridge sits on our advisory board and BMI will be covering our insurance for our Ethereum product. From an end user perspective they’ll be a widget where a user can deposit their USDC and insure it on deposit! Candidly, we’re still sources and researching Avalanche insurance providers and hope to have an integration partner soon!

    Dave Donnenfeld| Avalaunch

    Nicely covered. Since we are on the topic of security, are you able to elaborate in more detail about the partnership with Bridge Mutual to provide protocol insurance, or at least talk about how this will work from a user perspective?

    Rick Seeger| Avalaunch

    (Also if you happen to be an Avalanche insurance provider and reading this AMA — please reach out! We’ve got a couple meetings in the next days/weeks — but going back to an earlier answer — we pride ourselves in keeping our ear to the ground!)

    I think we answered that one!!

    BUT

    I think this is a good point I didn’t mention in the previous answer

    Dave Donnenfeld| Avalaunch

    Well it was unintentional but glad to have the segue back from you.

    Rick Seeger| Avalaunch

    That ETH has many obvious challenges — gas fees being paramount — that’s exactly why we’re launching on Avalanche (on Avalaunch!) and why we’re such stark believers in the broader Avalanche ecosystem!

    Insurance on Ethereum is important but we very much plan to be the “Bank of DeFi” and that starts with having incredible blockchains backing our product (and insurance providers too)

    Dave Donnenfeld| Avalaunch

    Excellent. Appreciate the added thoughts. Now that I’m ready to stop repeating myself — Can you talk about the utility of the token for the project? What roadmap milestones should token holders be excited to see in the near future?

    Rick Seeger| Avalaunch

    Ahh! The roadmap question! It’s one that probably excites us the most.

    But I guess I should start with utility first.

    Like the entire Oh! Mantra — our token utility is simple. Be your own bank. I don’t remember the exact metric but something like 99% of bank profits do not go back to those that actual perform banking services

    The OH! token is a true governance token. OH holders will have a say from everything from protocol fees to buyback percentages to adding new strategies. As I just said, we liken holding the OH token as being a shareholder in your own bank.

    The mechanisms for OH are as follows (again borrowed from our docs.oh.finance ):

    Oh! Finance is designed to bring value back to the protocol through Profit Share. 20% of protocol profits are retained to buyback and burn the Oh! Finance Token.

    It makes a rather nice ‘fly wheel’

    Let me grab that image really fast

    So it’s really intended to be simple. TVL goes into the system and the profit generated from that TVL buys back the token.

    The “Banks” profits are returned to the token holders.

    So in addition to having a say into the protocol the holder is rewarding with constant buybacks and burns (capital destruction)

    As for roadmap milestones — outside of finally catch up on sleep — it’ll be launching the beta app on launch day to instantly allow users to start earning yield on their USDC then it’ll be a big site overhaul from v0.9 to v1.0 and finally it’ll be OH emissions and staking as well as future strategies and potentially even more chains.

    We’ve also got some fairly incredible ideas about packaging up “DeFi tranches” or “bonds” that can be mutable across chains which again plays nicely into that “be your own bank” mantra and providing asset tranches (defi asset tranches) to the “normies”

    Dave Donnenfeld| Avalaunch

    This is going to do work over time. People tend to overlook functions like this until it’s too late. A heavily used network can burn through a ton of token if you can look around the corner.

    What does the long-term vision for the project, post-IDO look like? What should token holders be looking forward to in 3, 6, or 12 months from now?

    Rick Seeger| Avalaunch

    Exactly. High emissions benefits no one. Organic growth is best — bridging TradFi to DeFi here really unlocks enormous potential because their expectations of “high” yield are completely different from ours.

    I’ve touched on this a bunch, but we’ve got some very ambitious plans. We want to be the “Bank of DeFi” — and as I literally just stated we are aggressively partnering with TradFi firms to bolster our reputation (and thus TVL), as well as, introduce TradFi to the powers of DeFi (Macrohive is on our early investors who is helping to aggressively bridge that gap and has immediately seen the power of DeFi). And while Avalanche will always be our “first” home we’ll be sourcing other chains too, as well as, onboaridng new yield protocols (and tokens! USDT, DAI, etc) into our DeFi index. For example, just today Alpha Hormora launched on Avalanche — that’s going to be an exciting protocol for us to look into and integrate with our platform!

    Dave Donnenfeld| Avalaunch

    Avalanche is a close knit community that is rising really fast. How does Oh!Finance fit in the Avalanche ecosystem? What were the deciding factors to build here?

    Rick Seeger| Avalaunch

    So many reasons. The community is probably the number one reason. I haven’t seen a crypto community quite like avalanche in my years in the DeFi space.

    But there’s also just the actual protocol itself.

    The consensus algorithm is second to none, the subnets offer some flexibility as regulation becomes more spelled out and known, and from an end user perspective (again remember how important UX is!) the time to complete a transaction is critical. 45 seconds is a LONG time for a transaction to process and that’s one of the reasons Ethereum is such a hard sell.

    Also — our algorithm is more efficient when it can compound more frequently. Cheaper gas transactions means more compounding which equals more yield!

    Dave Donnenfeld| Avalaunch

    The Avalanche advantage is real. Actually before we transition to Twitter questions, let’s do a few questions on the tech side. A bit of a deeper dive since we have you here.

    As a software engineer and somebody with financial innovation experience, what would you say have been the biggest hurdles in developing the protocol on the blockchain as opposed to building it on the traditional finance infrastructure?

    Rick Seeger| Avalaunch

    You’re going to out me as a ‘dev’ aren’t you. I can speak towards some of this and I’m sure Noah could go much much much deeper. But the development tools and available information come to mind.

    The EVM ecosystem is still relatively new and small compared to other development sectors, such as Javascript or C#. There are only a few options for scaling contract projects, so you are left to build most everything.

    It’s also much more difficult to find information about solidity or how the evm will behave in a particular situation (the docs are still being built out — very much ‘testing in prod’)

    There aren’t archives of stack overflow answers to go through and most of the time it’s a ton of trial and error running tests or going through other code repos.

    But that is one of the biggest reasons why top tier audits are critical. Testing in prod is an important defi concept but security should never be overlooked!

    Dave Donnenfeld| Avalaunch

    That is thorough. I think you’re officially outed

    How long has the project been in development? Was there a long research and ideation phase before work began?

    Rick Seeger| Avalaunch

    I prefer the biz dev side of the house, but we all get our hands dirty!

    So months in defi are equivalent to dog years, right?

    It does FEEL like it’s been forever, but truthfully, This project has been in the works for just over 1 year. DeFi summer of 2020 was a huge motivator for OH and yes, the research and ideation phases were quite a bit longer than anticipated.

    You’d be shocked at how people (normies) interact with the web and what people consider to be incredible yield (>5% is HUGE). We had to strip away all our assumptions and knowledge to try to build something that institutions will hopefully want to invest in — and those regression sprints are STILL ongoing and we’re sourcing our final feedback from partners such as Macrohive. It’s exactly why we’ve built our release around a stripped back beta to a quick final iteration sprint for the final ‘UI/UX’ and then Staking/Emissions. Those ‘final’ changes we’re making are very very important!

    Dave Donnenfeld| Avalaunch

    What does the core development team look like? How many people are dedicated to building this protocol?

    Rick Seeger| Avalaunch

    We have 4 core devs (2 solidity engineers, 2 web3 developers), a core front end team who’s sole mission is make DeFi easy (see my response above!) 2 dedicated community managers, 1 dedicated turkish community manager, advisors aligned to both crypto and the real world, and even advisors very much aligned to ‘just’ crypto.

    The entire team “gets their hands dirty” and we almost all come from tech backgrounds — we do a little bit of everything!

    Dave Donnenfeld| Avalaunch

    Everyone is infused with energy when hearing about Oh!Finance, and we are thrilled to be able to offer it to the Avalaunch community. Can you give us a bit of history about your interest in the Avalanche community and technology?

    Rick Seeger| Avalaunch

    I touched on this a little bit above, but since we’re doing more a deeper tech dive…

    I’ve been personally enamored with Avalanche since the ICO and specifically the consensus protocol. We think it’s far more scalable than Ethereum, Fantom, and the L2s by comparison.

    When you think Visa level throughput and financial transactions such as yield farming and aggregation, there really isn’t a better blockchain to be operating on.

    Finally — and this is the ‘based in the US’ fears — Avalanche subnets will be extremely powerful when regulation starts coming.

    Love it or hate it — it’s coming and Avalanche will be uniquely positioned to differentiate and ensure many protocols can stay running in a legal manner

    Dave Donnenfeld| Avalaunch

    The regs point is a good one. Final question and we can move on to the good people of twitter — Is there anything you can share about the project that the community might not know yet? Any “alpha” you are willing to reveal?

    Rick Seeger| Avalaunch

    I feel like I used up my alpha!

    So I’ll retouch on some of it!

    We’re having very real conversations with very real hedge funds and ‘heads of business’ who are exploring DeFi and who love the “Grow with OH” mantra

    Think 60/40–40% is that ‘bond’ money that is safe but barely earning and negative in some cases

    1% of that bond money going into DeFi is billions of dollars.

    Macrohive is coming on as a formal advisor and will open some massive doors for the Oh! team and help bridge TradFi to DeFi

    Finally! I’ll just share some upcoming screenshots ! Since we haven’t shared too many yet!

    That’s the v1.0 coming out shortly after launch! In testing with our tradfi friends 🙂

    Twitter Questions

    @DngGiaPhong2 I could notice OH! Finance will focus only on fiat backed stable coins, but what about algorithmic stable coins or cryptocurrency backed stable coins? Do you think they are not stable or secure enough yet? Do you plan to incorporate them in the future?

    Rick Seeger| Avalaunch

    At launch it’ll be ‘just USDC’

    with USDT and DAI likely shortly thereafter.

    Algorithmic is where it gets far more difficult an answer. internally we ‘battle’ over this

    We’d have to do a ton of due diligence and if the stable isn’t full collateralized it presents risk. Our platform is about low risk. Simple. Safe. And secure. So while I don’t want to rule it out entirely

    I would guess the algo stables we’d likely not introduce.

    @NgocCam0110 In recent time, there are many DeFi lending -borrowing platform attacked, so how Oh! solve this problem to make users feeling safe when choosing Oh! Platform?

    Rick Seeger| Avalaunch

    Really great audits for one.

    Halborn is ‘best of the best’ and as I’ve stated Don Ho sits on our advisory and will ensure a full Quantstamp audit as well. Trust the auditors more than the platform. They are seriously smart and it is their job to ensure smart contract safety.

    Also, learn from others mistakes

    For example — how you rebalance funds is critical — Belt finance comes to mind of a protocol that was exploited because of how they rebalanced. The auditors help with this, but we are also ‘scholars’ in the space — so we’re constantly reading and ensuring we’re staying up to date

    @sarmadoludondu1 What is the meaning of the “Oh!Finance” I thought that “Oh thank gosh at least there is a finance that I count on.”

    Rick Seeger| Avalaunch

    LOVE THIS QUESTION.

    I mean we’re going to get so many memes for our first meme contest

    but for us — it was the ‘a ha’ moment

    the “OH! This IS what finance is supposed to be like and “OH! DeFi CAN be easy and accessible”

    @tulong890 Oh! Finance aims to deliver a consistent 10–21% APY, but it may seem strange if your target is too high. Do you have strong arguments to remove this hesitation, how will you make it possible to return 2 times more than other alternatives?

    Rick Seeger| Avalaunch

    1. catching peaks and valleys of stable arbitrage. It’s how we rebalance and generate the yield.

    ANd candidly if borrowing down, yield will also be down

    for example during the ‘peak’ of the mini-bear we ‘underperformed’ at around 8% however were still better than the market average — for in-kind yield no including native token emissions

    and not including chain emission events such as Avalanche Rush or others!

    and then 2) Ear to ground.

    Great new protocols launching daily; intelligent rebalancing and folding will keep our yields near or hopefully in-line with our estimates!

    @Lekha8812 I’m still new to crypto, how do you make Your project easy for anyone? Including those who don’t understand crypto will also use Your project?

    Rick Seeger| Avalaunch

    Favorite question of the entire AMA

    That question is literally WHY we built Oh

    We are trying our best to bring “normies” into DeFi. So yes, we’re hoping you’ll be able to use our project!

    But it starts with really excellent tutorials which will be launching this weekend as well as a welcome bot that helps triage issues and get you set up with USDC and metamask.

    ONboarding in crypto and yield is hard — we intend on making it easier!!

    That question makes me so incredibly happy

    I’m a huge degen — not even going to lie.

    Minted a bunch of Bridging Bears — jump into all kinds of yield farms — you name it. But onboarding NEW users is literally why we hope Oh is successful.

    Dave Donnenfeld| Avalaunch

    Thanks for enduring so many questions and glad we got to the feel good stuff too

    Final leg of the journey…

    Telegram Questions

    Quyen Caoo

    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?

    Rick Seeger| Avalaunch

    Not sure where the 80% metric came from, but Oh! is literally built for the bear. Earning simple safe and secure yield is something that will always be desirable and should for the foreseeable future outpace all traditional markets. As for motivations — our motivations are to literally merge tradfi and defi. If we can accomplish even .01% of that we’ll be quite successful!

    Math | Best Trader

    So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?

    Rick Seeger| Avalaunch

    I thought this actually played nicely off the previous question. The ‘right now’ is securing TVL and letting the protocol work. We’ll have protocols working on both Ethereum and Avalanche and will be adding new yield opportunities as the market allows (see: comment about Alpha Homora)

    Tuyen Trab☺️☺️

    Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?

    Rick Seeger| Avalaunch

    The UI team we brought in is very “normie” and what I mean by that is they aren’t in any way DeFi focused. We had to teach them everything from “wallet connect” to “TVL” to other important metrics. It ensured that our product and UX was being viewed at from an entirely different persona. So many of us are too closely interwound into crypto that we forget what a good experience should look like.

    TRÂU | GEMB💎💎

    Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?

    Rick Seeger| Avalaunch

    We’re the opposite of anonymous. A team with decades of experience from FAANG companies and who are putting our faces out there. We’re also leaning incredibly heavily on our security partners such as Halborn and Quantstamp as well as more traditional OpSec / PenSec security which our advisory has been doing for decades more

    Long Hoang

    My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal — especially non-crypto people?

    Rick Seeger| Avalaunch

    I think the majority of our longer term marketing plans will be around those ‘real world’ partnerships. We aim to be one of the first yield projects bridging yield to Traditional finance. Think of when a celebrity grabs a ‘hot new NFT’ — well a hedge fund invested in a yield protocol and backing it with significant TVL helps our protocol function and acts in a very similar function to the ‘protocol flywheel’ except it’s more a ‘marketing flywheel’

    Dave Donnenfeld| Avalaunch

    Rick, you’ve been an absolute solider and thank you for taking the time to come here today. We covered a lot of ground and it’s great to see awareness for Oh! growing at such a rapid clip. DeFi for normies is ambitious but you’re making it look possible. Our community appreciates your work and we look forward to the upcoming IDO.

    Any parting words for our community or a shameless plug?

    Rick Seeger| Avalaunch

    Shameless plug — We hope your Grow your USDC with OH! and are excited about our platform launch in the coming days as we are!! That TVL will make the entire protocol work better and I hope my words here help you believe in our mission!

    Finally, thank YOU to the entire Avalaunch community

    I’m incredibly excited about our IDO and the entire community, platform, and experience from start to end has been incredible!

  • Oh! Finance AMA — Project Overview with Rick Seeger

    Join us in the Avalaunch Telegram group for an AMA with the Oh! Finance Team.

    We will be joined by Co-Founder and Director, Rick Seeger, where we will be covering the project at a high level. The focus of this AMA will be the business development, vision, road map, and post-IDO plans.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $50 USDT each, for a total of $500 in prizes

    Date & Time

    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐣 Follow: Avalaunch & Oh! Finance

    ✈️ Join: Avalaunch Telegram & Oh! Finance

    ♻️ Retweet: Tweet & Tag 3 Friends


    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.