AMA Recap: Diversity Ventures X Glitter Finance

On Feb 11, 2022, we had a chance to welcome David Dobrovitsky – Founder and CEO of Glitter Finance to join an AMA to share with us information about the roadmap and features of Glitter Finance

Glitter Finance is a brand changing innovator bridge that brings the everyday user into the crypto world seamlessly. Built on the Algorand Blockchain for lightning fast and extremely low cost transactions- facilitating an absolutely glittery experience! Glitter provides a user-friendly, streamlined architecture so that everyone in the world can feel good investing and surfing the crypto wave

In order to help our community get more understand about Glitter Finance as well as the information about the roadmap and features of Glitter Finance in 2022 and in the near future, Diversity Ventures has organized an AMA with IFounder and CEO of Glitter Finance

Time: 20:00 UTC+7 |11/2/2022

🏘 Venue: Diversity Ventures Group

🗣 Hosted by: Ngọc Nguyen – CMO Diversity Ventures

👥 Guest: Idris – Advisor of Solcial

💵 Reward: $200

Below are the main points of this AMA session:

PART I: INTRODUCTION OF GLITTER FINANCE

Today I’m very happy at AMA to introduce a potential project to our community. It’s called Glitter Finance. This project is attracting many investors because of its extremely special points. Joining with me is Founder/CEO of Glitter Finance – Mr. @DeFiBuilder1. Let’s start today’s AMA! Now, we will begin with the first question

Host: Can you describe the project for the community to understand??

David: Glitter Finance is a cross-chain bridge connecting the Algorand ecosystem first with Solana, then Polygon, Cudos, and Terra. The platform is designed to be a DeFi 2.0 platform, which allows a cross-chain bridge to become an automated investment platform. This is achieved by integrating yield pools and whitelisting them in the platform, and then allowing the platform to automatically redeploy (or allowing experienced traders to manually redeploy) the wrapped tokens created by the Glitter Bridge into those pools. Further, we plan to integrate AI, algorithmic trading, and machine learning, to automate the process of DeFi trading. Our long-term goal is to create a major platform that automates DeFi trading and generation of profits for novice traders, and facilitates mass adoption.

Host: I have find and see your website and I think the project is bringing great value to users. Can you share about where did the idea of Glitter come from?

David: For the last two years, me and my wife had ideas of creating a platform which would be able to easily convert DeFi and crypto profits into a usable income for normal, non crypto or technology oriented people. I had started two previous DeFi projects (both still alive and successful), in order to achieve this. However, I felt that both other projects fell short of my mission and vision. Finally, in the summer of this year, I started Glitter to create a platform that would correspond to our initial vision and ideals. My inspiration came from my daughter, who was painting my toe nail in glitter nail polish.

Host: She must be happy to know that. What are the core fundamentals of the project? And what platforms can Glitter connect to?

David: I have described the core fundamentals above. The Glitter bridge will connect to the most popular wallets within the Algorand and Solana ecosystem (as our first product is the Algorand to Solana bridge). These wallets will include: Myalgo, Algorand Wallet, Phantom, and Solflare.

Host: We really want to know a little more about your roadmap so far. And how is the project intended to develop in the next quarter?

David: For the next quarter we plan to roll out the Algorand to Polygon bridge, to integrate yield pools on the Algorand to Solana bridge, to integrate the fiat portal, to perhaps do an IEO.

Host: Collaboration and partnership are the key factors to help a project enter a new market and increase its adoption. Please name some of your current partners, expansion plans, and what can be looked forward to through these collaborative relationships?

David: Launchpad partners include: Solstarter (for Solana XGLI IDO), Aegis (Algorand XGLI IDO), Solster (Algorand XGLI IDO), P2PB2B (Algorand XGLI IDO).

Expansion plans include the creation of the Glitter Network, a blockchain system to facilitate remittances of DeFi profits.

PART II: QUESTIONS FROM TWITTER

I  noticed the Glitter Finance project gets asked a lot on Twitter. I will choose the 5 most asked questions for you to answer

Host: The first question is: What are the valuable attributes of the project. Like, why is the Glitter Finance project unique?

David: We are unique because we think of the end-user first. We don’t think as developers first, we think as normal people, end-users. We are thinking of how not to scare people but give them a good experience. I think this is the most unique point of the project. Secondarily – we are opening-up the Algorand ecosystem to interoperability, and we are creating a DeFi 2.0 – smart and automated platform.

Host: Thank you so much for the answer, so can you tell us more about the founders of this project? They are all experienced in this field, right?

David: The founders of the project are me and Gail, my wife. I am a serial entrepreneur in the DeFi field, with many years experience in creation of multiple protocols (which still exist and are successful), with experience in having been a CBDO of a major blockchain development and marketing agency, and with experience in having my own marketing agency and incubator.

Gail has many years experience in branding, business administration, and messaging of the business, having worked with the CIO of Hughes Network Systems, and other major American corporations.

Host: Woww. What a complete and wonderful project. And where will we be able to contribute and observe Glitter Finance growth?

David: I suggest following us on Twitter, Discord, and telegram. We are easy to find. All official announcements and partnerships are always announced on Twitter.

https://t.me/GlitterFinanceGlobal

Host: Is there any precious information that hasn’t yet been made public that you can share with our community for ‘exclusive’ news?

David: We are currently planning a major listing with a centralized exchange. Stay tuned for more information.

Host: Currently, on the market, there are many token farming projects. So what are the different features in the Glitter Finances project that previous products on the market did not have?

David: We are focusing on creating a product for normal people, and we are also automating the process of trading. These are intended to allow normal people to get the benefits of DeFi without the stress of manual trading.

PART III: LIVE QUESTIONS

Question 1: Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?

David: We will have 3 audits: 1 from our own developers who work closely with the Algorand foundation, 1 from the Algorand Foundation, 1 from a respected 3rd party. The point is to have the right intention and focus from the start. From the very beginning, we focus on the end-user. This gives us the right energy to resolve this issue.

Question 2: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

David: Yes – the XGLI holders will become a DAO, which will be centered around helping us whitelist yield farms. This in itself will help to clean-up the ecosystem from badly performing, or scam projects. Secondly, the DAO will help us innovate the platform.

Question 3: IS This Your project only for elite investors, how about others with small funds, is it open to everyone?

David: Small, private investors can participate in the Public Round. Private rounds were from mostly VCs, KOLs, and super angels.

Question 4: STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have plan about to Staking?

David: Yes, staking is part of the features of the platform.

Host: All David’s answers have helped the community better understand the Glitter project. And now, so fast, we’ll end the AMA

Thank you everyone, thank you David and Glitter for joining the AMA with our community. And please always stay tuned for new information from us, we would like you to join us on our social network.

Do not forget to follow all the social of Glitter Finance for more info!

Thank you, goodbye and see you next time.

David: Thank you guys – enjoyed being here with you