LBank AMA Recap with LLC

On 1 April we held an AMA with the LLC, hosted on LBank official telegram channel. If you missed this telegram session, here’s another chance to get a full transcript of the AMA event.

Introduction:

GUEST:

Barney:

Sure thing, I’m Barney Wiker Chief Technology Officer for Lilly Finance LLC.

Lilly Finance Official:

Hello I am Brad Beatty founder of Lilly Finance LLC.

J Winslow:

Jay W, President of LF-Giving here, I am responsible for the entire philanthropic side of the organization…

Barney:

Lilly FInance and the Lilly Finance Giving work together to bring the power of Crypto to the real world by using our token to pay surgeons to perform life saving surgeries for children.

Our first surgery was perfomed last friday and was a success

J Winslow:

I am so pleased that we have found a use case for our revolutionary crypto to shape and bring change to childrens and vets health care. Only 6 weeks post launch we have already found, direct funded and fixd (saved a little girls life)

We have established an amazing [artnership with the worlds renowned surgeon for vascular malformations and have the ability to rapidly solve out-of-network health crises for families in need. Dr Milton Waner of Northwell and MEETH hosp in NYC is our patnetr and we are on boarding many other dr’s soon

Lilly Finance Official:

Lilly finance #Ly token is a blockchain based medical platform that will change the future of the healthcare space.

First five AMA Questions (First Part):

QUESTION 1:

What are the types of users on your project? How do you keep all users staying with your project for the long term?

GUEST:

Barney:

The long term is in the utility of the Ly token.

J Winslow:

Our users understand the power of a medical-based crytpo and how it can transcend the industry, we are already proving that and our users want to be part of somehting better than a crypto with a wreak use case

Barney:

we have the basic types of users, “Day Traders” and “Long Term Holders”. The LTH see the value of the LY token and how it will scale over time and grow into a major medical blockchain that will change the healthcare industry

Lilly Finance Official:

We deliver on our roadmap consistent and work to be transparent in everything we do !

Barney:

yes we do! They are the best, most genuinely supportive community!

Lilly Finance Official:

We have the best community driven by positive energy yes !!!

J Winslow:

Our community is extremely positive because of the work we are doing and will do, unlike thre toxicity in many other projects we have attracted amazing people with a heart for to be part of somehting great

QUESTION 2:

Did you conduct an audit? If you did, who did it and where can we look at the auditing report?

GUEST:

Barney:

We had a preliminary audit done prior to launch and will be posting the audit information on our website

Here is the website:

http://www.lillyfinance.com

QUESTION 3:

Can you share with us what you are currently working on and describe the future roadmap of the project?

GUEST:

Barney:

We are working on the LF Giving side, more partnerships and surgeries. On the LF side we are working on back end development of partnerships as well as blockchain architecture.

J Winslow:

LF-G is already planning many more direct funded surgeries and emerging veterans health care solutions. We have established major partnerships with medical instituions and doctors and a major US based althlete and american military hero. These partnerships are in direct alignment with what we want to do for kids and vets. We are also working with amazing supporters like Wyndham, Playaresorts etc to enhance what we can do for families in need

Lilly Finance Official:

We are completing our second white paper 1.5 soon and launching it on the web site. Doxing new members and there pictures. New partnerships and tomorrow launch of our 1st exchange L Bank we are very excited!!!

Website upgrades also our 1st NFT launch is incoming.

J Winslow:

We are also creating an amazing NFT line for these athletes and heros with a great utility that will benefit our foundation

Lilly Finance Official:

We are excited to be completely on track with every Lilly department and planning we are proud of the teams work it’s very special!!!

QUESTION 4:

Does your project play a role in web3?

GUEST:

It very much will, but I cannot go into details about that just yet

QUESTION 5:

Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?

GUEST:

Lilly Finance Official:

Yes we are working on burning strategy!

J Winslow:

This is our first NFT created by world renowned artist Emil Alzamore

comes with physical sculpture and animation

Alzamora

Barney:

our teknoimcs are available on our website. and yes we are workingon a creative buy back and burning mechanism

Lilly Finance Official:

Our full Tokenomics is in detail on our website:

▪ Total Supply : 120.000.000.000.000.000 tokens

▪ Liquidity Pool (LP): 36.000.000.000.000.000 tokens

▪ Reserve: 18.000.000.000.000.000 tokens

▪ Burn: 46.800.000.000.000.000 tokens

▪ MKT + Dev: 18.000.000.000.000.000 tokens

▪ Lilly Giving: 1.200.000.000.000.000 tokens

QUESTION 5:

Do you think NFTs isn’t just encrypting game collections or artwork anymore, but NFTs will be encroaching on the encryption of real-world assets.

GUEST:

Indeed

Everything can be an NFT. It’s just starting with the game assets and the artworks.

As the covid-19 is attacking the world, we all need a new world more than anytime which is expected to be the metaverse.

And most of the real-world assets will be converted into NFT which can be used in the metaverse.

We believe that’s the future life. It’s sad but true. And Ryoma will not give up any chance to join the metaverse with you guys!

Let’s look at report, 暗号資産市場全体の規模(2兆ドル*)の0.1%未満であり(*coinmarketcap.com調べ)according to coinmarketcap, NFT accounts for less than 0.1% of total virtual currency assets, so we have great confidence in the expansion of NFTs.

Selected five Questions with Answers from the Telegram community (Second Part):

@DessieAldridge

QUESTION 1:

Do you have any ongoing or upcoming reward program events, please let us know in detail &do you have any ambassador program as well as your project? More communities hold events to attract more people. That is also the main thing to attract project investors

GUEST:

Lilly Finance Official:

We are working with new teams and marketing this week and many social platforms to plan yes

@BenedictHorne

QUESTION 2:

A common problem is that nowadays most investors are only interested in initial profits and ignore long-term benefits! So can you give them some reasons why they should buy and hold your tokens in the long term?

GUEST:

Barney:

The utility again is the key. Long Term Holders will see our token being used in real life scenarios and will want to hold long term to see their investment grow while saving children

Lilly Finance Official:

Multiple user cases and white papers upcoming the partnerships we have are world leading !

@Vicente_Hamer_29

QUESTION 3:

How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

GUEST:

Barney:

Yes we have a moain twitter account and someo four Doxxed team members have twitters as well. We also have FB, IG, TG

Lilly Finance Official:

We hold weekly Twitter spaces and all social media links are on our website!

QUESTION 4:

@ArmandinaSorrell

Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

GUEST:

Barney:

yes and we are working directly with our community getting wonderful, creative and fun was of doing it!

QUESTION 5:

@YevetteMcneill

Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?

GUEST:

J Winslow:

Good question and you are right there are many promises and fancy white papers with nothing behind it. We are already using our crypto to solve medical issues and providing community reflections based on our use case. We have major industry leaders working on the expansion of this at a major level within the medical industry that will impact the medical world. We are developing blockchain-based adoption that will be addressed soon

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