NoMercy Catch Up AMA with the #NoMercy Crew: Fundrs, DEX, LMaaS and more!
With 2022 having barely just begun, the last few weeks have nonetheless been quite exciting for AllianceBlock and the #NoMercy family. Among many other achievements, we released the Mainnet feature of ALBT staking on Fundrs on Avalanche and Ethereum, announced our partnership with the Polkadot-focused venture studio Supercolony, deployed an ALBT paywall for new projects wanting to use LMaaS and released an ALBT/USD price feed with Chainlink to accelerate adoption and reach of our token.
We thought it would be a great idea to kick-off this year with our CEO and Co-Founder Rachid Ajaja, getting on an AMA on one of our top community Telegram groups — the #NoMercy Crew!
To read the full AMA, click here. You can also read a curated version below, hope you enjoy it!
Albtmaxi: “Welcome everyone to the first #NoMercyCatchUp! Special thanks to Rachid for taking the time to do this for us!”
Rachid: “Hey guys, how are you doing? Super happy to be here, as you know I am always checking the chat when I can 👀”
Question: “What are you most excited about for this upcoming year with ALBT?”
Rachid: “Everything we are doing is really exciting, the team has grown, we have more organized teams, we are focusing a lot on operations, processes and also commercial strategy. It’s a lot of work and much more than we expected, but if we want to be a startup that can scale efficiently, we have to have the best organization.
In terms of products, we are now in a phase where most of the modules are in MVP stage or V1.0 or will be released very soon. I am especially excited that now we can show what our modules are and how they will be interconnected to create the whole infrastructure of the new economy. Fundrs, DEX, TIDV, SSLP, Strategies, Data Tunnel are among the products that will go out on Mainnet this quarter, which is absolutely exciting :)”
Question: “Where do you see AllianceBlock in 4 years?”
Rachid: “Good question, four years in crypto is huge, but we have the ambition to be one of the top players in DeFi, providing the infrastructure of the new financial world. Lots of work to get there, but we will do whatever it takes.”
Question: “Could you elaborate on the potential revenue stream from AllianceBlock’s products and how AllianceBlock will evolve towards a sustainable initiative (from these revenue streams)?”
Rachid: “In order to succeed, we need to make sure that we have a sustainable circular economy. With the products that will be released, we will have a fraction of the fees that will go to treasury contracts. These fees and revenue will come from LMaaS, Data Tunnel, SSLP, DEX, etc., as well as the SDK that other projects will use. These fees will be injected into the ecosystem, and is why ALBT is at the center of every product.”
Question: “How long do you think until Fundrs and DEX are fully live? I really want to get involved in SSLP.”
Rachid: “For the DEX, we are collecting all the bugs and fixing them, and also, the DEX Mainnet will have more features. We speak a lot about DeFi 2.0 or the future of DeFi, and we consider the DEX’es Mainnet version will have new features that will bring amazing new possibilities.
For example, we have developed a Treasury Contract that will be associated with every pool deployed, and users will be able to choose the split between the liquidity pool and the treasury contract. The treasury Contract will incorporate multiple strategies such as Hedging IL (we call it IL Delta Hedging) and Yield farming strategies to receive Yield that will cover the potential risk associated with the IL even if, in our case, we can minimize it.
For Fundrs, we have all the contracts audited, and ALBT staking for Tiers is already on Mainnet, and it’s amazing to see that almost 7M ALBT are staked, which shows our community’s trust and the commitment to our vision.
We want to release Fundrs on Mainnet once we have TIDV, however, we are working with our lawyers to see if we can start without it, and we are exploring to start with Moonbeam.”
Question: “Are you planning to list on other exchanges?”
Rachid: “We can’t answer this question for legal reasons, in Europe specifically (NL and Switzerland) and even more strict in the US, crypto companies are not allowed to speak about potential listings. Once there is a listing, we will share it with the public.”
Question: “Sir, you said earlier that a new Chief Compliance Officer will be hired. Is there any news about that? And what about the Cross Border Rules Engine?”
Rachid: “We are indeed in the final stages. Once we hire the Chief Compliance Officer, we will release the news.
It’s funny that you asked about the Cross Border Rules Engine because we received today (finally) the questionnaires that will be the foundation of the rule engine. It took us four months of work to set up the framework.
Once we validate the questionnaires, we will give them to law firms [for review] in 10 jurisdictions. As soon as we have all the answers, we will start implementing it, and it will be part of Fundrs and then extended to other products.”
Question: “Does the crash in crypto worry you?”
Rachid: “We started AllianceBlock at the worst timing back in 2018, and we survived until now. It wasn’t easy, but we saw many great projects that are very successful and started during conditions that weren’t optimal. We learned how to execute fast, how to iterate fast, and how to survive.
We continue building, releasing the best possible products and attracting the best partners no matter the conditions.
The two things that keep us always motivated no matter what are:
- The amazing support from you guys.
- Having the unique opportunity to build something that has the potential to leave a legacy, that will have an impact, and that will be the foundation of the new economy.
I am sure I missed many questions. I will come back to them later and try to answer them; time flew by! Huge thanks guys, and as you know, I am always around.”
Albtmaxi: “Thanks to everyone that tuned in and provided questions! We will gather those unanswered and share them with Rachid so he can answer when (Rachid) has more time.”
About AllianceBlock
AllianceBlock is bridging the gap between decentralized and traditional finance by remedying issues in both spheres and closely linking them. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
We are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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