DIFI Market

Today GemPad ama Recap for #DIFI! Q: Hello everyone and welcome to the AMA with DIFI! Before we do get started just a kind reminder for everyone to send over your questions to my dm, so we can get them answered in the community question part of today&#39;s AMA, so don&#39;t be shy and send them over!A kind reminder from my end that their fair launch is taking place on the 1st of January at 9am UTC! You can find the link to the fair launch here: <a href="https://gempad.app/presale/0x83fEF2B5a0E944D255F33d187456fe7E52Cd6851?chainId&#61;1" rel="noopener noreferrer nofollow">https://gempad.app/presale/0x83fEF2B5a0E944D255F33d187456fe7E52Cd6851?chainId&#61;1</a> A: Hello everyone, it&#39;s a pleasure to be here! I&#39;m a seasoned developer and the architect behind DIFI. I have a strong passion for decentralization and the prospect of creating an ecosystem where security, transparency, and freedom take center stage. I&#39;m excited about bringing DIFI to the Ethereum blockchain, opening up new opportunities for secure and decentralized trading of digital files.Our team comprises highly skilled individuals, each with extensive experience in the blockchain industry. We&#39;ve invested time and energy to create a project that exceeds expectations, providing users with an unparalleled decentralized digital marketplace.We are Italians, and we firmly believe in the potential of DIFI to shape the future of digital commerce. We are here to answer your questions and share our enthusiasm for decentralization and blockchain innovation. Thank you for joining us today! Q: Now that we got the introduction out of the way let&#39;s dive into the platform, of course I&#39;m taking about your decentralized digital marketplace, which I believe is already up and running so it&#39;s without a doubt something that the community will enjoy as well. Brings me to the question of the aim, so let&#39;s say your mission with the established platform.Additionally, you have 4 main principles that you stand by Decentralization, affordability, accessibility and user empowerment Could you go into a bit more details for them? A: Absolutely, let&#39;s delve into the heart of DIFI and its mission. Mission Statement: DIFI&#39;s mission is to revolutionize the digital commerce landscape by providing a decentralized marketplace where users can seamlessly trade digital files with security, transparency, and ease. We aim to empower creators and buyers, fostering a community-driven environment that values decentralization, affordability, accessibility, and user empowerment. Principles: Decentralization: DIFI is committed to decentralization, ensuring that the platform operates on the principles of blockchain technology. By leveraging the Ethereum blockchain, we eliminate the need for intermediaries, providing a trustless and transparent environment for users to conduct digital commerce. Affordability: We believe in making digital commerce accessible to everyone. DIFI imposes only a 1% commission on sales, ensuring that creators retain a significant portion of their earnings. Our goal is to make the platform financially inclusive, allowing creators of all sizes to participate without excessive fees. Accessibility: DIFI prioritizes accessibility by supporting 11 different leagues, allowing users from various regions to engage with the platform effortlessly. The integration of WalletConnect facilitates seamless connectivity, enabling users to access the marketplace from any device with a standard browser. User Empowerment: DIFI places a strong emphasis on empowering its users. Creators have full control over their funds, allowing them to claim profits at their convenience without restrictions. Additionally, users can promote their products for seven days with a fee of $25, placing their items in the spotlight for potential buyers. These principles collectively form the foundation of DIFI, driving our commitment to creating a decentralized digital marketplace that is not only innovative but also user-centric. Q: Thank you very much for the detailed answer here, it should without a doubt serve as a great way for everyone tuning in to get the feel what you guys are all about and everything that ultimately matters with the implementation of your platform! Now that we got the basics covered, I&#39;d like to dive to the process of let&#39;s say listing a digital file, so the aspect from the sellers&#39; eyes if they are interested to sell So, what is the procedure for everyone interested in selling their product?So let&#39;s say the process of you getting started, what&#39;s the information that you need to input before your product gets listed for selling purposes? A: Absolutely! Let&#39;s delve into the details of the process for individuals interested in selling their products on DIFI. Getting Started as a Seller on DIFI: Connect Your Wallet: The first step is to connect your Ethereum wallet to the DIFI platform. This ensures a secure and direct connection between you, as the seller, and the decentralized marketplace. Access the DIFI Marketplace: Once your wallet is connected, visit the DIFI Marketplace on the official website: <a href="https://difi.market/" rel="noopener noreferrer nofollow">https://difi.market</a>. The platform is designed to be user-friendly, offering an accessible interface for sellers.Navigate to the &#34;My Account&#34; Section:Go on Top menu and Click My Account, and Sell New Product. Fill out the Listing Form: The listing form will prompt you to input essential information about the product you&#39;re selling. This includes the product&#39;s name, description, category, and pricing. Be thorough and accurate in providing details to attract potential buyers. Upload Digital Files: Sellers can upload the digital files associated with their products directly through the platform. Ensure that your files comply with DIFI&#39;s guidelines and policies. Set Pricing in USD: Specify the price of your product in USD. Buyers will make payments in DIFI tokens, with the conversion based on the current market rate at the time of purchase. Review and Confirm: Before finalizing the listing, review all the information you&#39;ve provided. Once satisfied, confirm the listing to make your product live on the DIFI Marketplace. Optional: Promote Your Product: Sellers have the option to promote their products for seven days at a fee of $25. This promotion increases the visibility of the listings and enhances the chances of attracting buyers. Wait for Transactions: Once your product is listed, wait for interested buyers to make transactions. Every transaction is securely processed on the Ethereum blockchain, ensuring transparency and trust. Receive Funds: Upon successful transactions, you, as the seller, receive the funds directly into your Ethereum wallet. DIFI&#39;s decentralized structure ensures that you have full control over your earnings. By following these steps, sellers can initiate the process of listing their products on DIFI, offering a seamless and secure experience in the decentralized marketplace.Basically a Seller take around 1 minute to start Selling Digital Files on Marketplace. Q: Once again I thank you for being as detailed as possible, it&#39;s always nice to get guided through the entire process just so everyone is all good to go! Now I do have additional 2 add-ons to what you said here, let&#39;s firstly get into the first one to keep it as simple as possible Since by the looks of what you wrote it seems that the process is then automated, so when you input all the relevant information, you can get list a product without perhaps a process to confirm everything is in order from your end, which brings me to the question if you&#39;re planning on vetting listed products before they are available for the public to buy, or is everything automatic, so anyone can list anything? A: Indeed, the DIFI Marketplace operates with a decentralized approach, allowing users to list their products without manual approval. However, the platform incorporates a security measure to protect users. While the listing process is automated, the DIFI team reserves the right to conduct verifications on files deemed suspicious. If a file is identified as potentially unsafe, the team can take prompt action to block it, ensuring the safety of users. This process aligns with legal requirements and acts as an administrative control within the Marketplace.Moreover, the platform features a decentralized feedback system. Buyers have the ability to leave feedback and reviews for products they&#39;ve purchased. This decentralized feedback mechanism serves as a valuable tool for users, offering insights into the quality and security of listed files, thereby facilitating a safer and more informed marketplace environment. Q: Perfect, appreciate the clarification and adding the buyers to the topic as well, so it only makes sense for us to continue with buying products that individuals are of course interested in I wanted to start it all off with supported currencies here, let&#39;s say i&#39;m buying a product I like, will I only be able to purchase it with your token or are there any other options such as ETH or maybe some stablecoins? A: The DIFI Marketplace is designed to use the DIFI Token as the sole payment system for digital products because the market is the main utility of DIFI. Furthermore, we are well aware that users can easily buy and sell DIFI within minutes without any issues. However, as mentioned, the base price is set in USD, and payment is made in DIFI at the market exchange rate at the time of purchase. This functionality provides secure use and sustainability to both DIFI and its market. Q: Gotcha, i hear you loud and clear, love the simplicity behind it, should make everything easy to use for absolutely anyone involved! Now since we&#39;re already debating throughout the whole purchasing process and of course options supported, I figured I&#39;d ask you if you guys are planning to implement a negotiation featureSo to clarify where i&#39;m going with this, let&#39;s say a seller sets the price for his product to be equivalent to $50 a buyer is interested in buying the product for perhaps $40, is there a plan to add a feature where you as a buyer could propose different prices to the seller? If he&#39;s of course interested to still sell it in this case, he&#39;d have the option to accept the offer A: No, the seller sets a price for their product, and a user can purchase and download it within seconds after the purchase. It&#39;s not an auction system but is more similar to Themeforest or Codecanyon for those familiar with them. The seller can, of course, update the information and price of their product. Given the decentralization and simplicity in buying and selling, buyers make direct purchases and have access to the file immediately after the purchase, without waiting for the seller. Alright, thanks for the info for this one as well! Since there&#39;s a lot of community questions waiting to be answered we&#39;ll move on to those now, so let&#39;s continue with the party! I&#39;ll forward the first community question here, just a quick second.Q: Regarding the $25 fee for promoting products, what specific benefits or features does this fee cover, and how does it enhance the visibility of a seller&#39;s listings? A: The $25 promotion is automated, the product is featured prominently on the homepage and, in short, is presented to potential buyers as soon as they open the marketplace. The promotion lasts for 7 days and can be done only once per product. This is particularly helpful when the marketplace has hundreds of files, making visibility crucial for the seller. Q: Thank you for the answer!Let&#39;s move on to the 2nd community question The claim that a seller can start selling digital files in around 1 minute is impressive. How is this quick initiation achieved, and are there any limitations or considerations for sellers during this process? A: Well, let&#39;s say if you have your file, description, and images ready, just input them into the form, and it really takes a minute to put the file online. Currently, the limitation is 100MB upload per product, which covers a wide range of software. Of course, the seller can create multiple products for a single file, splitting it into parts if it&#39;s larger than 100MB. In the future, we are confident in increasing this limit. There are no other restrictions, except for ensuring that the files added are secure and legal to avoid any blocks from the Security Team. Q: Perfect, thank you very much! Let&#39;s do a few more! Moving on to the 3rd community question toda In reference to the DiFi marketplace  where there will be wide range of digital products available to be explored.Will there be any condition that will trigger  the &#39;fee free&#39; listing model to come to an end?If not so,how will the platform generate Continual revenue for sustenance ....? A: The listing of products is free and will always be free. The commission applied is on sales and is 1%, with no additional fees. While similar platforms may charge commissions ranging from 5% to 10%, our 1% is competitive for sellers. We believe this also helps in maintaining slightly lower prices compared to the competition. Q: Thank you! Alright let&#39;s do the 4th question for today It is highlighted in the white paper that 1% commission will be deducted for every digital product sold, for each of the accumulated percent, how will they be used in the overall usage of the project? Do I have to be a holder, if so, at least how much DIFI tokens should I possess?116:43 A: The 1% of fees from sales will be used to maintain and increase resources to empower the marketplace. Of course, a portion will be utilized for BuyBack and adding liquidity to the DEX, as well as future listings on Tier 1 CEX. The DIFI contract on ETH includes a 2% USDT reward from fees, distributed to holders with 50,000&#43; DIFI, a limit in line with the Ethereum blockchain and its fees.In short, those who join early have a much higher chance of being among users who receive dividends in USDT simply by holding DIFI in their wallet. Q: As transparent as possible once again, thank you very much!We&#39;ll do 2 more questions today, so let&#39;s continue with the next one:) How user-friendly is the process for withdrawing DIFI from accounts? Are there any restrictions or waiting periods for users looking to access their funds? A: After each sale, and thus when earnings in DIFI are received, sellers go to &#34;My Account&#34; and will see a button to withdraw DIFI. By clicking and confirming the transaction, the DIFI is transferred to the wallet instantly. There are no waiting times other than the ongoing transaction, and no approval is required from anyone. In simple terms, after each sale, it is immediately possible to withdraw one&#39;s earnings. Q: Perfect, thank you! Now we shall move on to the last question of today&#39;s AMA and for everyone else that dmd me, please remember you can always ask in the DIFI community! As a Digital Creator, can one have multiple listings with different wallets on DIFI or there&#39;s a specific number of wallets that can be managed by just one vendor? And in case there are issues or problems encountered during transaction processing, are there avenues or provisions to tackle or settle such on the platform?Is there any preference for a holder of your tokens to list on DIFI PLATFORM than just a regular or non holder of your tokens? And if there are, what are those benefits? A: The DIFI Market has no registration, so any wallet that connects can sell or buy. If a seller has multiple wallets, it&#39;s like having multiple profiles. They are not connected because each wallet is treated as a separate user.To sell products, it is not necessary to own DIFI initially. DIFI is received as a result of sales, but anyone can sell without possessing DIFI initially. The difference is that we have lower fees, and there is no need for external entities to approve withdrawals. Anyone can manage this on their wallet or wallets.As mentioned, DIFI is 100% decentralized, and the only administrative function is blocking suspicious or harmful files for the platform.I also want to emphasize that DIFI operates 100% on the blockchain. Every action requires confirmation with the blockchain, including administrative actions. There are no external databases, and it is hacker-proof since everything is on the blockchain. Additionally, the admin does not have access to funds, ensuring there are no security issues. Thank you very much! Now with that being said we will conclude today&#39;s AMAI wanted to say thank you very much for stopping by and wish you the best of luck for your fair launch! To our community members thank you for tuning in and sending over the fair launch link once again just so you&#39;re more than prepared! <a href="https://gempad.app/presale/0x83fEF2B5a0E944D255F33d187456fe7E52Cd6851?chainId&#61;1" rel="noopener noreferrer nofollow">https://gempad.app/presale/0x83fEF2B5a0E944D255F33d187456fe7E52Cd6851?chainId&#61;1</a>

DIFI + GemPad AMA Recap, 28 December 2023

DIFI

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