Rikkei Finance AMA Summary Recap with Shin Chan Community

We held a live AMA with Co- Founder & CTO, Tung Vu from Rikkei Finance on 30th October 10:00 PM (UTC+8). Here’s the recap for those who missed it.

Introduction

JH | Shin Chan: Its very excited and our pleasure that this is the 2nd time we have Rikkei Finance AMA with our community.

Tung Vu: I’m so excited to share more about Rikkei Finance and our very first product RIFI United with ShinChan community

JH | Shin Chan: great, i think our community would like to know more about Rikkei Finance as well as RIFI United

Before that, Can you please introduce yourself to our community?

Tung Vu: My name is Tung, Co-founder & CTO of Rikkei Finance. I completed Ph.D. from Nanyang Technology University, Singapore in 2017. I had previously served as AI scientist, researcher at various reputed institutions.

Before Rikkei Finance, I was CTO of Rikkeisoft, one of the biggest IT company in Vietnam with more than 1300 developers working in multiple countries, including Vietnam, Japan, Singapore, etc.

With Rikkei Finance, I aim to provide better solutions for the users, enhancing their experience and encourage greater participation.

JH | Shin Chan: Can you provide us with a brief description about Rikkei Finance & RIFI United?

Tung Vu: Rikkei Finance is a revolutionary DeFi protocol that aims to remove existing stumbling blocks of the DeFi space with the core features: Cross-chain support, NFTs collateralization, and P2P Insurance. It utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making them a real-time currency exchange network as well. Rikkei Finance successfully raised the initial funding of $5.6M to build the lending protocol.

RIFI United, a product of Rikkei Finance, is nurtured with the aim of allowing users to utilize RIFI future cross-staking and cross-NFT programs, as well as expedite NFT lending feature. The product is a stepping-stone for RIFI to accomplish our mission to bring competitive advantages to users. RIFI United is a soccer manager simulator, built with a unique game depth to provide lasting enjoyment for players. The core of RIFI United is a vast and complicated match calculation system that provides perfect realism and the proper level of competitiveness among Premier League supporters. As a play-to-earn game, RIFI United users can enjoy playing RIFI United while earning $RU /ru/ tokens from trading, staking, winning matches or betting.

JH | Shin Chan: ⏰ The countdown is on! Time is ticking!

In the next 5 days, RU whitelist registration will close.

👉 Join the whitelist: https://medium.com/rikkeifinance/ru-whitelist-registration-for-rificians-b54e62b28090

🗣 Spread the words: https://twitter.com/RikkeiFinance/status/1452555165177761800?s=20

🎉 RIFI United to launch $RU token on KrystalGO 🎉

We are excited to announce that the $RU token IDO will be held on KrystalGO on 09 November, 2021.

Detailed IDO schedule will be announced on Oct 28 ‼️

📋 Apply for whitelist and seize your chance to participate in our IDO event: https://medium.com/rikkeifinance/ru-whitelist-registration-for-rificians-b54e62b28090

🗣 Spread the words: https://twitter.com/RikkeiFinance/status/1452902468963106819?s=20

shared some great news from RIFI United 🔥🔥🔥

Tung Vu:

📢 It’s the final countdown💥

Only 10 hours left for the whitelist registration of $RU token.

👉 Grab your chance now!: https://medium.com/rikkeifinance/ru-whitelist-registration-for-rificians-b54e62b28090

🗣 Spread the words: https://twitter.com/RikkeiFinance/status/1454447642667151366?s=20

JH | Shin Chan: the whitelist will be closed approx 10 hours from now,

AMA Twitter Section Begins:

Q1: RIFI United is an NFT blockchain game. Most NFT games only focus on profits with P2E, as this is one of the major attractions of blockchain games. So, does RIFI United focus more on the player experience in and out of the games to create a balance for playing and winning?

Tung Vu: Talking about this, I’m quite sure we can create the balance between playing and winning for users. The reason for this is: It is combined by both the traditional football game and the NFT function in the blockchain industry.

  • The game is for anyone with huge enthusiasm in traditional football: Every user can play the role of both a manager and a coach, even a powerful club boss whose squad comprises animal football players, aka NFT players. Your goal is to emerge as the league champion by utilizing the strengths and weaknesses of your NFT athletes to increase your odds of scoring goals. You can also track your team’s performance, join soccer tournaments and even upgrade your facilities.
  • - Excitingly, RIFI United isn’t just for pleasure; it may also make you profit just from the P2E mechanism: With a dynamic farming system and an active market, every activity in RIFI United may result in a player prize with tokens. RIFI United users can enjoy playing the game while earning $RU tokens from trading, staking, winning matches or betting.

Q2: I read in your medium article about the ($ RU) IDO Whitelist..can everyone participate in it..What are the basic steps that need to be taken to become fully whitelisted … Can I still participate today

Tung Vu: Thanks for paying your interest in our IDO for the ingame token $RU.

Yep! Everyone can join the whitelist

Below is all you need to do to be eligible for whitelisting:

  1. Join and follow RIFI United’s community:
    - Telegram Announcement Channel: https://t.me/rikkeifinance_official
    - Telegram Group: https://t.me/rikkeifinance
    - Twitter: https://twitter.com/RikkeiFinance
    - Discord: https://discord.gg/tQp9NncCz5
  2. Like and retweet about RIFI United’s exciting gameplay + tag at least 3 friends.
    https://twitter.com/RikkeiFinance/status/1450396742046806019
  3. Invite at least 3 friends to join our TG channel: https://t.me/rikkeifinance

4. Fill out the registration form: https://docs.google.com/forms/d/e/1FAIpQLSc7s6e8RXdP6ILFC-i36LXaQdN2_Zxezti4BQR9D9ANMIalFQ/viewform

For the fullest details, pls read our article: https://medium.com/rikkeifinance/ru-whitelist-registration-for-rificians-b54e62b28090

As I’ve just shared from the beginning, the form will close at 23:59 UTC today, meaning you just have around 9–10 hours left to apply for the whitelist. Hurry up guys! 🚀🚀

Q3: RU is one of the products of RIFI. So are there any relations between RIFI and RU token?

Tung Vu: As RIFI and RU both are the products of Rikkei Finance, our plan is to make RU utilities being adopted in the growth of Rikkei Finance, and RIFI holders will benefit from this.

  • By holding $RIFI, Rificians are able to receive treasury. When players start trading in the RU marketplace, the transaction fee is produced. Treasury, which is calculated as a percentage extracted from this fee, will then be sent to RIFI holders as a reward.
    - Saving $RIFI in your wallet will also help boost your farming opportunities, with HIGHER APY! Details about this will soon be revealed. Stay tuned!

Q4: Can you give us a quick overview of Rikkei Finance & RIFI United? Why don’t you allocate any allocation to a team, foundation or marketing consultant to create a sustainable ecosystem for RIFI United and Rikkei Finance?

Tung Vu: Actually at the beginning of our AMA, I already briefly explained about both Rikkei Finance and RIFI United 😊

Regarding the allocation, it is distributed for Rewards (50%), Community (30%), and Liquidity + Early Bird (20%). There’s no allocation for the team, foundation, or marketing advisors, as we want to show our commitment to build and develop a sustainable ecosystem for RIFI United and Rikkei Finance.

You can check RU tokenomics via this link: https://rifiunited.io/white-paper

Q5: 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?

Tung Vu: The total supply is 1,000,000,000 RU while the initial circulating supply is 97,000,000 RU. You can take a look here: https://rifiunited.io/white-paper

Info regarding buying back or token burning will be disclosed after listing.

Quiz Section

Q1. When will RU whitelist registration form close?

Tung Vu: The correct answer is C. 23:59 UTC at Oct 30, 2021

Q2. Which statement is true about RIFI United?

A. RIFI United is the soccer manager simulator.
B. In RIFI United, every user can play the role of both a manager and a coach, even a powerful club boss.
C. RIFI United is combined by the traditional football game and the NFT function in the blockchain industry.
D. All of the answers above.

Tung Vu: Congrats those who chose option D. Its the correct answer 🎉

Q3: What is the token symbol of Rikkei Finance and RIFI United?

Tung Vu: A is correct answer

JH | Shin Chan: congrats for those who chosen Answer A

Rikkei Finance token symbol is $RIFI
RIFI United token symbol is $RU

Q4: When and where will RU IDO be conducted?

Tung Vu: We’ll launch RU IDO on KrystalGo on Nov 9

So the answer is B

JH | Shin Chan:

🎉 RIFI United to launch $RU token on KrystalGO 🎉

We are excited to announce that the $RU token IDO will be held on KrystalGO on 09 November, 2021.

Detailed IDO schedule will be announced on Oct 28 ‼️

📋 Apply for whitelist and seize your chance to participate in our IDO event: https://medium.com/rikkeifinance/ru-whitelist-registration-for-rificians-b54e62b28090

🗣 Spread the words: https://twitter.com/RikkeiFinance/status/1452902468963106819?s=20

Q5: What is the price of $RU at the early-bird round?

Tung Vu: Its $0.005 per RU. Once you’re successful in getting whitelisted, you’ll be able to purchase RU at this lowest price, as listing price is expected to be at least $0.01

So grab your chance and register for our whitelist now 😉

-End-

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