ReCap: 5table Finance AMA with HakuSwap March 10th at 5 PM UTC
@David_Paulson: Hey HakuSwapFam! Welcome to our AMA with @5table_finance!
Please refrain from sending any messages. You’ll have a chance to ask your questions during the Q&A portion of the AMA.
I’ll be asking some basic questions to get to know the 5TABLE team and project.
After you’re done answering, please say “done” so I can ask the next question.
After we are through with the basic questions, we will open up chat so the community can ask any additional questions they may have.
Rewards 🤑- The 5TABLE team will pick the top 5 questions to answer. Those who provided the top 5 questions will be splitting $25 of Rewards paid out in $5TABLE! So stick around and get those questions ready!
After the official AMA has completed, if the 5TABLE team wants to stay and answer any additional questions or just socialize, they are more than welcome to do so.
So let’s get started!🚀🚀
@markstable Welcome to HakuSwap!😎
Mark Stable: Hello David! Thanks for the invite. A pleasure for me to be here
@David_Paulson: Thank you! There are plenty of exciting stuff to discuss with you today, but first of all we would like from you a brief intro of your background/role with 5Table Finance & your team members.
Mark Stable: Of course! I’m Mark, head of marketing at 5table Finance. I’ve been a crypto investor since early 2018 and have been working in different roles in the industry since early 2019. I’ve participated in other successful DeFi projects and have built a lot of valuable resources that will be very helpful for the 5table Finance ecosystem.
The 5table team as well. That’s why the solution we made is DeFi made simple. We believe we need to make simple solutions and our community is loving it
@David_Paulson: Awesome! Can you tell us a bit about 5TABLE (it’s function) as well as what makes 5TABLE different from other blockchain projects? Some of our readers may not be familiar with your ecosystem.
Mark Stable: 5table Finance is an advanced multichain, decentralized protocol that allows users to find the best investment opportunities for their stablecoins, obtaining the best profitability that the market can offer, in a safe and sustainable platform.
Basically, users will be able to stake any stablecoin (single token, no need to create any LP), and earn the highest profits in the market in the same stablecoin they choose, with our auto-compounding vault.
@David_Paulson: This is exciting stuff. I can’t wait to check out the entire ecosystem😍
So, why did you folks decide to partner with HakuSwap and how does it tie into your ecosystem?
Mark Stable: We look to partner with the best and most reliable projects in each chain. We are partners with BabySwap and ApeSwap in BSC, SpookySwap on Fantom, and many other successful projects.
We are taking the same approach on Avalanche, and HakuSwap fits perfectly for 5table Finance. We will work on cross-marketing collaboration, $5TABLE trading at Haku DEX, and pool & farm opportunities for both communities to earn more.
@David_Paulson: We’re looking forward to that especially when it comes to bringing more utilities and cross farming opportunities to reward both communities.
Here at HakuSwap, we take the security of funds and community very seriously. Now i would like to address the safety of your platform since it’s something everyone cares about. How Safe is 5Table?
Mark Stable: Security is a top priority at 5table Finance. Unlike most other projects that have only one or two contracts audited, at 5table Finance we have audited the whole protocol. All 12 smart contracts involved in the protocol have been audited, and all the issues found were successfully solved.
The last pending high severity issue about centralization risks was solved with our recent governance module deployment.💪💪
The community has been growing since we released this latest development
@David_Paulson: Definitely! How can we buy $5Table? Are there any fees associated with it?
Mark Stable: The $5TABLE token has a max supply that is achieved in the presale. That means that no more $5TABLE tokens will be minted after launch.
We have a 4.5% performance fee on the main stablecoins vault. And it all goes to automatic buyback $5TABLE, providing steady buy pressure. Also, almost all those profits are distributed among the holders on the $5TABLE Pool in the form of $5TABLE rewards.
So basically, there are no $5TABLE emissions, and all the profits of the protocol go to the holders. The more the TVL grows, the more profits are distributed among the holders, and therefore more price growth.
This community can buy 5table in presale with discount. Here is a preview and link to the site https://avax.5table.finance/dashboard
Remember that if you hold DLAUNCH you enter the tier structure and participate in the presale with discount!
https://avax.defilaunch.finance/presale
@David_Paulson: When is the presale taking place?
Mark Stable: https://avax.defilaunch.finance/presale/5table
@David_Paulson: Awesome! What are $5Table Tokenomics? Why should someone buy $5TABLE?
Mark Stable: The $5TABLE token has a max supply that is achieved in the presale. That means that no more $5TABLE tokens will be minted after launch.
We minted some tokens for marketing in partnerships and this we’ll make 5table known in the avalanche ecosystem.
. Why should you guys buy?
all goes to automatic buyback $5TABLE, providing steady buy pressure. Also, almost all those profits are distributed among the holders on the $5TABLE Pool in the form of $5TABLE rewards.
So basically, there are no $5TABLE emissions, and all the profits of the protocol go to the holders.
Simple. 😜
@David_Paulson: Great! It’s extremely important to provide equal opportunities and incentivise the investors. I really like how this new approach works. So, how can an investor benefit from your ecosystem?
Mark Stable: Great question.
You’ll be able to stake your stablecoins with the highest APY on all the chain, with auto-compounding and without the need to create an LP. Just stake, and earn the highest returns.
Also, you can hold $5TABLE and become a proud owner of a piece of the most promising stablecoins protocol of the year. You’ll be able to participate in the decisions through governance, and most importantly you’ll earn the profits of the protocol.
No need to create LP and remove LP to get the highest APY. We do that for you and share the strategies chosen by the team.
We understood the need for investing in stable coins and we made a simple process. Site looks dope and the community is getting bigger. Hope you all enjoy! remember presale is coming to avalanche.
@David_Paulson: The LP part got me excited! The community should definitely check all that out!
Ok Community! 😎 Opening up for Q&A! Top 5 questions will be selected to be answered and those 5 will split the rewards.
If you’re chosen as one of the top 5 questions after the AMA, open up a support ticket and provide your wallet information. Be sure to say that you were one of the top 5 questions from HakuSwap’s AMA with 5TABLE.
We will give 1 min for questions to be submitted then I’ll have everyone pause on submitting questions so our guest can answer them. Any unanswered questions can be answered post AMA if our guest is able to hang out :).
And…….Go!🚀🚀
Community Questions
Q1. Where I can get the latest updates or more information about the project?
Mark Stable: https://twitter.com/5table_finance
And remember to stay tuned to the presale Site! https://avax.defilaunch.finance/presale/5table
Q2. Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration?
Mark Stable: We have a governance system designed for the community To make decision on the protocol. https://avax.5table.finance/govern
Q3. I guess the protocol isn’t fully automated, who handles the deposited stables and how can we feel safe about our deposits?
Mark Stable: The protocol had a centralization issue when we first launched in ftm. This means the team took the decision of investing in different LPs. In order to make something simple and a solution on the investment of stablecoins we needed to have this.
How did we fixed this? With the governance development. If the team chooses a different strategy and the community votes and accepts it, the contract will execute 48hs later. This way we are making the movement of funds more decentralized and democratic.
Great question by the way. I hope I answered with precision.
Q4. Can u asnwer my question.. How can I join the 𝐩𝐫𝐞-𝐬𝐚𝐥𝐞 𝐨𝐫 𝐈𝐃𝐎? What is extimated date Where can I buy your Tokens ?
Mark Stable: Yes. You can join the presale in https://avax.defilaunch.finance/presale/5table
Remember if you have DLAUNCH AVAX token you can participate in the tier structure. This means you’ll buy 5table with discount. The more dlaunch you hold the bigger the discount. Enjoy.
Q5. IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?
Mark Stable: Not quite like that. People usually turn to stablecoins in bear market. 5table is a long term project that has huge developments coming up ..
I suggest you all to stay tuned to the presale and our socials https://twitter.com/5table_finance
And remember to stay tuned to the presale Site! https://avax.defilaunch.finance/presale/5table
@David_Paulson: That’s the final question
Mark Stable: Thank you David. Make sure you all join our community and stay tuned to our presale.
@David_Paulson: So Mark, Any future plan or development you wanna share that are on the horizon?
Mark Stable: We are planning now our launch in avalanche. We’ll be having some cool partnerships on the way too.
We also have some awesome polls for the community to decide some features of the platform.
We’ll be adding some more investment possibilities in the near future…
If you all stay tuned to our socials you’ll be the first to hear about it.
@David_Paulson: Any other thoughts or anything we did not cover?
Mark Stable: We are deploying a huge marketing campaign in the most renowned media channels, aiming to achieve massive adoption. The stablecoins market is growing more and more every day, and we know we have the best product to offer in the whole industry.
After a lot of hard work building, now it’s time for expansion. We aim to achieve 100M TVL before July. That will increase the profits distributed among the holders, so $5TABLE price will go above $9.00 when we achieve that milestone.
We are looking forward for that!!
To sum it up for this awesome community
Everyone that is paying attention right now on this AMA is lucky to find out about this opportunity at such an early stage.
It’s pretty simple:
1) Our protocol will always offer the highest APY for stablecoins
2) Stablecoins market will continue to grow, and so will 5table Finance TVL
3) + TVL = + profits for holders = + price growth
Bonus: You can buy with an extra 2–10% discount at presale!
March 13th, 18.00 UTC
avax.defilaunch.finance/presale/5table
@David_Paulson: Thank you! I guess we covered almost everything with @markstable about their amazing project 5TABLE. Make sure to check their socials and websites to find out more about the platform.
Website — https://avax.5table.finance/
Twitter — https://twitter.com/5table_finance
Discord — discord.gg/MRd5kkNUYz
Telegram — https://t.me/S_table
