In this Telegram AMA recap, you’ll find insights about the Continuum Finance project. In an event hosted by Iris from MEXC, you will meet Pavel Chernov, CEO of Continuum Finance.
Introduction:
Hello everyone! I’m Pavel Chernov. Thanks to this community, I’m very glad to be here.
I am the founder and CEO of Continuum Finance, responsible for the technical architecture of the blockchain & DeFi projects.
I used to be a technical director at CoinBase, and a technical director on the PayPal blockchain project. Thank you！
Questions from the community:
Question 1:
Iris: What is Continuum Finance? Can you share with us more in detail?
Pavel: OK, sure~Continuum Finance is a decentralized financial aggregator for automated token exchange, money market, and liquidity protocol built on multiple ecosystems.
It is designed around ease of use, gas efficiency, censorship resistance, and zero rent extraction.
It is useful for traders and functions particularly well as a component of other smart contracts which facilitates the AMM token swaps, money market to generate the interest rate, and requires guaranteed on-chain liquidity for depositing and lending. thanks!
Question 2:
Iris: What triggers you to launch Continuum Finance? What are some of the real-world problems/ pain points that Continuum Finance aims to solve?
Pavel: Continuum Finance is a decentralized financial aggregator for automated token exchange, money market and liquidity protocol built on multiple ecosystems.
It is designed around ease of use, gas efficiency, censorship resistance, and zero rent extraction.
It is useful for traders and functions particularly well as a component of other smart contracts which facilitates the AMM token swaps, money market to generate the interest rate, and requires guaranteed on-chain liquidity for depositing and lending.
AMM participants have little capability of trading the time value of assets.
Interest rates fill the gap between people with surplus assets they can’t use, and people without assets (that have a product or investment use); trading the time value of assets benefits both parties and creates non-zero-sum wealth.
The goal of Continuum Finance is to maximize the integration of the liquidity of tokens and the advantages of all current interest rate agreements and build a decentralized financial aggregator of token exchanges, money markets and liquidity agreements.
The cross-chain DeFi ecosystem, it focuses on the roles of AMM token exchange, debt tokenization, flash loans, liquidity supply and lending, and community-built interfaces and protocols. For Cardano’s ecological supplement, there is a long-term goal of mutual benefit and common development.
Question 3:
Iris: What is the role of the $CTN token in Continuum Finance? Would you tell us more about its tokenomics?
Pavel: $CTN is a functional multi-utility token that will be used as the governance token and economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Continuum Finance, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts.🥳
$CTN is an integral and indispensable part of Continuum Finance because, without $CTN, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Continuum Finance.
Question 4:
Iris: Are there any exciting news or updates with regards to Continuum Finance that you would like to share with the users?
Pavel: Cardano will be able to address this issue by creating a specific set of standards through The Continuum Finance-led DeFi program to weed out low-quality applications.
The Ouroboros series of consensus agreements will ensure Cardano’s continued existence for decades to come.
At the same time, Continuum Network launched a series of AWARDS for DeFi ecological contribution in order to encourage users to participate. The first event was THE CTN Championship Competition.
Participation Mode：🥳
1. Treasure Rush: The tournament starts with a 1,000 share contest, each share requires 1 CTN to be invested as the base (base can be changed), a user can invest more than one share (user decides), the more you invest, the higher the probability of winning, when the 1,000 shares are filled, the system will automatically prohibit betting and open the prize 1 hour after closing the betting, after winning the prize the system automatically sends the prize to the user’s input address. If the tournament share is not raised by the due date, the original way will be returned to the user input.
2. Contest: Only users who have participated in the treasure hunt are eligible to participate, and within 24 hours after the prize for the treasure hunt is issued, they will divide 24% of the prize pool together. How to participate: Within 24 hours after the prize is awarded, you can purchase any number of CTNs on PancakeSwap.
Scramble Rules：
Referral bonus: 20% of the total pool, respectively: 10% for direct push, 5% for indirect share, and 1% for each generation up to 5 generations!
Prize pool 80% allocation: 20% for destruction, 10% for sinking to the next round, 10% for community ecology building, 36% for the Capture Prize, and 24% for the Scramble Prize!🥳
There’s a CTN mining link: https://dapp.coin-ctn.com/
Question 5:
Iris: If you were to summarize your project in ONE word, what would it be? Why?
Pavel: Efficiency Finance.
The goal of Continuum Finance is to maximize the integration of the liquidity of tokens and the advantages of all current interest rate agreements and build a decentralized financial aggregator of token exchanges, money markets, and liquidity agreements. 🥳In the cross-chain DeFi ecosystem, it focuses on the roles of AMM token exchange, debt tokenization, flash loans, liquidity supply and lending, and community-built interfaces and protocols.
For Cardano’s ecological supplement, there is a long-term goal of mutual benefit and common development.
Cardano is the next-generation Internet platform (Web 3.0), and its structure is based on a publicly-traded blockchain encryption network.😆
The project’s open-source software network coordinates decentralized computers around the world into a unified cloud platform that is completely owned and operated by users, and ADA tokens represent part of the ownership in the ecosystem.
So, Continuum Finance will continue to promote the decentralization of the Cardano ecosystem and provide the most native DeFi liquidity and open financial services for the Cardano ecosystem.😀
Free-asking Session
Q1. What is the most ambitious goal of your project? Could share with us any upcoming Updates?
Pavel:
🥳Continuum Finance is a decentralized financial aggregator for automated token exchange, money market and liquidity protocol built on multiple ecosystems.
In order to motivate users to participate, Continuum Network will launch a series of ecological contribution rewards based on the NFT project.
We will launch the blind box NFT program with a limited number of 9999 NFT, and the flat price requires CTN to open the box.
Q2. DeFi, NFT, staking, and burning are all very popular nowadays. What steps have been taken to advance “Continuum Finance’? Does #ContinuumFinance’ have any killer DeFi features like NFT, stake tokens, or yield farms? Please tell the community more…
Pavel:
Early on we focused on the DeFi underlying infrastructure of the Cardano ecosystem because of Cardano’s long-term interoperability with other chains and the increasing security of smart contracts, including a large number of unpreventable human error or hacking attacks that plague other public chains. This advantage has laid the foundation for building DeFi on the Cardano chain, so Continuum Finance will gradually open up to DeFi developers and users of different mainchains. To provide users with the whole network main chain of ecological level services.
Q3. Staking. NFT is very hottest, do you think you will apply NFT technology to #ContinuumFi products in the achieved future.??Thanks
Pavel:
Yes, sure. In order to motivate users to participate, Continuum Network will launch a series of ecological contribution rewards based on the NFT project. About the CTN staking, so far you can participate in the CTN Championship Competition.
http://competition.coin-ctn.com/?inviteCode=0xF3e4395895fF6aa386c73D1006E92c4eE0f8C610#/🥳
Q4. What are the attractive features of your project? What are the vision and goals in your project that you want to achieve in 2021 and beyond?
Pavel:
At present, we have launched trading on Bitmart, Hoo, and Pancake. People can trade CTN.And the contract address is 0x4861bA0CE919FeE66B41c85a08A7476557914275. There is the website that u can stake
http://competition.coin-ctn.com/?inviteCode=0xF3e4395895fF6aa386c73D1006E92c4eE0f8C610#/
.If you want to participate in CTN pledge, please contact our marketing staff @ctn_info
Q5. What are plans for global expansion? Are you focusing on the market at this time or focus on building and developing or getting customers and users, or partnerships?
Pavel:
We have received investment from three well-known blockchain capital firms, led by Bi’an Flower Capital, followed by Chainup Capita and BIP32 Capital. At the same time, we have maintained a resource partnership with Cardano, which will be driven by a huge ecological market.🥳
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