Pontoon with Venkatesh Karanalu

| October 20, 2021 | 0 Comments

Brief Information

Pontoon is a One-click liquidity mirroring across ETH, BSC, HECO Chain, xDAI, POLYGON , OPTIMISM with incentivized relayer network and liquidity mining for liquidity providers across the chains.

Introduction AMA

Pat: We’re about to start the next AMA, AMARoomers 💪🏼 AMA now is with Pontoon! Joining us here today is their CEO, @Karanalu14 🎊

Venkatesh: Hello Everyone.

Pat: Welcome to the Room! Please introduce yourself, your background and how you got into crypto 🙂

Venkatesh: Thank you @cryptopatsu. Pleasure to be here.
I am from tech background with close to 15+ years into IT industry managing DataCentres. My previous role includes DataCentre architect and served major IT players like Wipro Cognizant, CapGemini and EMC

Entered crypto at the end of 2017 as a part time trader and moved ahead as investors through my close associates and now Co-founder and CEO of Pontoon.

Pat: Nice! Can you tell us what Pontoon is all about?

Venkatesh: We have many protocols that hosts bridge features but we have lot more potentials to adapt to the changes in ecosystem, especially DEFI booming.
So we introduced Pontoon which has the features of gasless transactions in a complete trustless way with addition of composability and fragmentation issues been mitigated.

Basically Pontoon is one click liquidity mirror protocol that solves fragmentation and composability concerns in the ecosystem in a completely trustless way.

Fragmentation is achieved through our incentivised model for liquidity providers.

Pat: Nice! How does that work for your liquidity providers?

Venkatesh: We incentivize liquidity providers at a very higher rate of rewards with 35% dedicated from total of 100M.

More details of tokenomics: https://pontoon.fi/pdf/TokenMetrics.pdf
Along with portion of Tx fees is also provided to LP’s.

Pat: Wow nice! What other great features do you offer in your ecosystem?

Venkatesh: 1) Decentralised relayer Networks: Cross chain transfers, events pass to other chains and for gasless.
2) Cross chain liquidity pool: Add liquidity on any supported chains and earn native TOON tokens
3) Trustless cross chain bridge: For token transfers.

Pat: What are the utilities of your token $TOON?

Venkatesh: TOON can be used for 3 utilities

Governance: Token holders can vote in the direction of protocol growth.

Incentivization

Proof of Stake relayer Network: Validator nodes are incentivised through the fee collected.

Pat: Nice! How big is the team at the moment?

Venkatesh: We have a team of 13 members for now.

5 – Tech team
5 – Marketing team
2 – Finance and legal
1 – Myself

Pat: Let’s now proceed to the community questions. are you ready?

Community AMA

Q: Recently, security has been a major issue affecting several Cryptocurrency projects What precautions have been taken to ensure that security is not a concern in #PontoonFi? Which security firm are you in partner with?

Venkatesh: We have completed the audits from 5 firms which includes Slowmist, BlockSec,Zokyo, Peckshield and CoinInspect and rest assured of things are in place.

Q: Its good to see that Pontoon Finance is releasing Educational Series with some good knowledgable things, what’s the main aim of this Series?

Venkatesh: Any user who has minimum to no knowledge can utilise this series and understand more on Pontoon. It also adds values of DEFI in the ecosystem.

Q: What “3 main things” Pontoon Finance is doing to bring liquidity to the this Defi Space?

Venkatesh:
High incentivization
Gasless
Composability

Q: Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

Venkatesh: We have many campaigns in coming days. We recently completed our PR on fund raise completion and announced the launch details through our launch pad partner.

We plan to have Gleam contest, quiz, memes and themes contest, bug bounty post the incentivised test net launch which is on the day of TGE.

Q: Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

Venkatesh: We are currently testnet ready on Eth, BSC and Polygon and planned to launch the incentivised testnet on the day of TGE. Details of how to stake will be released as an announcement through our educational series. Stay tuned to our Ann channel for more information

Closing Remarks

Pat: Alright! Please invite the community to your groups and socials 📣

Venkatesh: Link to our community:

Pontoon TG Chat Room: https://t.me/pontoon_fi

Pontoon TG offcial announcement: https://t.me/pontoon_announcements

Medium: https://pontoonfi.medium.com/

Twitter: https://twitter.com/PontoonFi
Website: Pontoon.fi

Pat: Awesome!! 🙏🏻 Thank you so much for being with us today. We wish Pontoon the best of luck.

Venkatesh: Thank you @cryptopatsu for hosting AMA with Pontoon. Thankyou community.

Pat: Thank you AMARoomies 😘

Sarah Abraham

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