Taxi Finance AMA Recap With Neng Yuni Forum

7 min readDec 6, 2020

Dear Community, Welcome to the recap of our AMA with Taxi Finance.

Our vibrant and enthusiastic community had a lot question to ask. To those who want to know quickly what Taxi Finance is about, we are sure this recap gonna help you. So without further, continue reading.

Speaker : John — Founder of Taxi Finance

First Session Project Introduction

Before we start our first session can you introduce yourself?

Mr. John: Hi everyone, I’m John CMO of Taxi.Finance, the first NFT betting platform on BSC. We doing great so far with lots of milestone. We are so happy to announce that we had a successful private sales a couple days ago and we are going to Live on ChainVest — An IEO Platform of ChainX — Innovative Korean Exchange.

Q1. Q1. Can you tell us what is Taxi Finance? And a short story of how came up with idea for Taxi Finance?

Mr. John: Taxi.finance is a decentralized eco-system running on Binance Smart Chain, with an infrastructure that give the platform the ability to eliminate token’s inflation. On top of that are tons of features help you earn and win tokens.

We take this idea when sitting around a poker table, pay 10% of rake for the host and loose all of our money. We coming up with an idea why we cant be the owner of that game? Boom, Defi is a big thing at that time also. DEFI + Games Owner = Taxi.Finance

Q2. Can you briefly describe Taxi Finance main advantages over its competitors?

Mr. John: Sure, To Investors, we have the system that gonna make Demand always higher than Supply, in that order the inflation gonna eliminated

To Player, An complete platform from the cashier(Taxiswap) to the games(taxigame.io) is designed to be easiest and most comfortable for player.

To Trader, $TAXI, NFTs market will be a big chance for them to earn.

you can be whoever you want in our platform, you can be the owners to earn Game’s Rake, you can be the players to show them your skill, or you can be the trader and enjoy the arbitrate advantage

Q3. What is the name of the token that Taxi Finance has? How much supply is available and where the token allocated?

Mr. John: $TAXI, you guys can check all the distribution here : https://taxifinance.gitbook.io/taxifinance/taxi-token-distribution

Q4. Nowdays Farming and Staking is very popular. Have provided your Farming or Staking Facility to $Taxi investors? If you have, can you explain how to staking and farming $Taxi?

Mr. John: Sure we do. Farming will have 2 phase: Hyper Inflation Rewards Phase and Normal Inflation Phase. In the Hyper Inflation Phase, User can take 20x the reward then normal for the first 2 week, this gonna attrach LP to take part in our platform.

We call Staking as Game Owners System in our Platform. There gonna have 2 phase:

The first phase where Investor can stake $TAXI to earn profit, which we will have an minimum guarentee for investors(0.5%/day-1.1%/day). The second Phase is where all the Game Owners will share the Rake from money cashflow flow into the gaming system.

Q5. Can you please tell us more about the token economics of the project? What utilities does the token have and what benefits will tokens holders get?

Mr. John: $TAXI Utility:

Governence: TAXI holders can use their tokens to vote on governance proposals regarding changes and upgrades to the protocol.

Bridge: $TAXI is the bridge of all the cryptocurrency you have to TAXI.FINANCE Platform

In the future, we’re gonna develop a Revenue share for $TAXI holder. We will update to you guys ASAP!

Q6. To sum up, can you please share with us your nearest milestones that you plan to achieve by the end of 2020 or next year?

Mr. John: By the end of 2020, We will lauch our Dex Test Trade for Early Investor, IEO on ChainX and Hyper Inflation Rewards Program to start the protocol. Within next year, we want to fully deploy all of our function

Second Session “Twitter Question”

Q1. Most of the project built in Ethereum. But why you decided to build your project on BSC chain? What are advantages of using BSC chain?

Mr. John: 1. CZ gonna make BSC a big thing in DEFI, so we want to be one of the first project here. Not later

2. Ethereum is to expensives. But, we this will be next target for us, maybe, may be crosschain

Q2. “NFT betting platform” This is my first time to reading about a NFT betting platform. How actually this works? What kinds of NFT can be use to BET on your platform?

Mr. John: This Betting Platform already have big success in gaming industry. We take this idea from CSGO and Dota 2 Betting Item System. This will give NFT a valueable use case. Depend on how rare is the NFT and how often it used to bet, the value of that NFT will rise. We will do 2 thing at the same time: Create and Merge. We will Create our own NFTs with the main theme is Super Car. And we also want to reach to other NFTs project so that everyone can use NFT from all project to bet on our platform.

Q3. Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?

Mr. John: t easy. We don’t really need to do anything. Early bird will get what they reserve and if you are waiting, no more bread for you. We create some exclusive program for investors, which mean if you wait, you loose 😉

Q4. What is the uniqueness of your project that cannot be found in other project. that’s been released so far? And how the demand of the token will increase in the future? or what steps would you take to increase the demand?

Mr. John: The main challenge for all DEFI project, and in our point of view, the best thing that we can do to eliminate the inflation effect is balancing the supply and demand. This is how we do:

1. Vesting 4 years with early investor (90% of the private sales allocation will be locked)

2. Airdrop Lockup(as I mentioned in the last question)

3. Create activities that gonna increase the demand for TAXI through Game Owners System, NFTs Market, Betting and Casino Games,etc

4. Lower the supply

5. Token Burn/Buy Back (TBA)

To be exactly, we will not balance the supply and demand, we will make the demand always higher than supply.

Q5. What is the business model of Taxi Finance? How it works for users? and Who are your potential customers and which markets are you targeting on?

To give the best picture about this, I can answer in some sentences here. Please don’t hesitate to take a look on our gitbook, we show everything here.

https://www.youtube.com/watch?v=7VwsAWtX1y4&feature=emb_title&ab_channel=Taxi.Finance

https://taxifinance.gitbook.io/taxifinance/

The Third Session “Live Question”

Q1. Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

Mr. John: You can check our Smart Contract. All the Inititial Liquidation Pool will be locked, so there is no way we can rug pull.

Q2. I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?

Mr. John: That’s what we plan to do with our Treasury Fund. We set aside a fund to do all the Hackathon, bounty and marketing program to develop our project. Right now we are doing an Audit Race to audit all of our smart contract

Q3. Explain your plans on global expansion, Q1) is it only market you are focusing All the time? Q2) Or you focus on building or developing and getting customers and users, or partnerships?

Mr. John: 1. This is not the only market that we are focusing. We are expanding to Korean right now with the IEO on ChainX. And for your Information, evrerything that come to Korean Market will pump!

2. Sure this is what we want to do

Q4. 1-Increasing Token price, 2- make Token Valuable, 3-Building Community Trust From 3 aspects above, I want to ask, Which one the most important for you?

If all above are important for you, Which one that Will you do first?

Mr. John: The third factor is the most thing that we want to focus. All of the 1 and 2 factor will be good if we did a good factor 3. That’s why we only focus on factor 3

Q5. Why can we buy $TAXI currently?

Mr. John: Because we don’t want you to go into our casino game without any chips and then wont play any game. We need an amount of token in circulation so that people can enjoy all the game when TGE happen

Alright, those are the 5 select question

Thanks to Mr. John @john_oktaxi who gave us the time to share this knowledge, I hope we will understand more about Taxi Finance.

Well…

We declare AMA’s Series Neng Yuni with Taxi Finance, is Done. 🥳🥳🥳🥳

thank you to the participants who have attended this event to the end.

the winners will be announced soon🥳🥳🥳

Telegram: t.me/Taxi_Finance_Chat

Channel : t.me/Taxi_Finance

Twitter : https://twitter.com/FinanceTaxi

Website : https://taxi.finance/

Gitbook : https://taxifinance.gitbook.io/taxifinance/

THANKS TO ALL OF OUR COMMUNITY