Recap of Discord AMA with iBG Finance CEO Samuel Chng (1st March 2022)
On 1st March 2022, our CEO, Samuel Chng, starred in his first AMA (Ask-Me-Anything) event in iBG’s home Discord server.
What follows is a recapitulation of the event.
Q1. Hi Sam and all our attendees! We’re glad to be hosting our FIRST EVER Q&A in our home court server. To begin, we’ll be letting our guest, iBG’s CEO himself, introduce himself!
Sam: Good evening everyone. I’m Samuel Chng, CEO of iBG Finance. Thank you for taking the time out of your day to be with us tonight.
I have extensive experience in the stockbroking and blockchain industries and have held key positions in the Port of Singapore Authority, and the former Singapore International Monetary Exchange, now known as the Singapore Exchange. I was also the Senior Vice President of KGI Securities Singapore
My career and expertise revolve around stockbroking, fintech, and the blockchain industries. These experiences are what I know will be able to bring iBG and the team to greater heights
I assumed the position of iBG Finance CEO just last month, and I’m proud to say that we, as a team, are working together 24/7 to make our vision for DeFi a reality
Q2. Wow, you have lots of experience notched onto your belt. We’re glad to have such a learned professional leading the brand. For our newer members, would you mind telling us about iBG? What exactly are we?
Sam: Not at all
iBG Finance is an ecosystem of smart DeFi wealth management products uniquely designed to bring simplicity and efficiency to users interested in entering the cryptocurrency and DeFi markets.
iBG takes on the vision decentralized finance strives for and takes it a step further. No project out there has yet to create a platform with user experience in mind. No project till ours
Q3. Given that then, how important is the iBG Token to our ecosystem?
Sam: $iBG is at the dead center. It is the component that makes our entire ecosystem cohesive
Q4. Interesting, could you tell us about its tokenomics then? So we have a clearer picture of what to expect
Name: iBG Token
Protocol: BSC, ETH & CGCX iChain
Total Supply: 45m (35m ERC/10m BSC)
$iBG (ERC 20): 0xf16cd087e1c2c747b2bdf6f9a5498aa400d99c24
$iBG (BEP20): 0x5c46c55A699A6359E451B2c99344138420c87261
Q5. What sets our tokenomics apart from everyone else in the metaverse?
Sam: As you’ve all heard, our partnership with BGBF has gone public! Through a strategic buyback-and-burn mechanism, all tokens used in transactions fees are gone for GOOD
Our token is also the ONLY POSI-insured token in the metaverse. Quite a flex, if you ask me
Q6. POSI-insured? Please elaborate.
Sam: That means our users don’t have to worry about losing their tokens, either due to errors or malicious third parties
Q7. I’m sure we have certification to show for this, but let’s hear it from you
Sam: Yes. iBG is insured by POSI (Public Offering Security Insurance) fully reinsured by Lloyd’s of London Syndicates, rated minimum A- by AM Best
Q8. Does iBG have any further noteworthy security measures?
Sam: Our smart contracts are audited before pushing live, and farms have no rug pull migrator coding
In DeFi, asset security and safety are of utmost importance. That’s why we make sure to have these measures in place
With iBG, you’re in good hands
Q9. Am I right to assume that all iBG Tokens listed in iBG’s tokenomics have been made available to the public?
Sam: That is correct
Q10. Where can iBG Tokens be purchased?
Sam: All the details can be found on our new website: www.ibg.finance
Q11. Is iBG listed on other platforms?
Sam: Yes, iBG is on a variety of exchanges
We’re also listed on Dextools, DexGuru, PooCoin, and Bogged Finance
We’re looking to expand into more platforms once we release our platforms later this year
Q12. How do you envision the iBG ecosystem?
Sam: Think of the iBG ecosystem as a shopping center, but instead of stores, it’s a plethora of different earning opportunities catered to different investors’ needs and lifestyles
Q13. Given that, how does the iBG Token fit into this analogy?
Sam: $iBG is your entry pass into our Center, and is the key into getting in and out of each establishment as you please
You’re always going to have a good time with $iBG in your wallet
Q14. Interesting. Speaking of the ecosystem and its token, iBG is launching a wealth management portal, correct?
Sam: Yes. We announced it last month via our Medium space
We have this Launchpad of ours lined up for Q2 of this year, which is almost upon us!
Q15. Could you tell us more about that?
Sam: Our portal allows for crypto newbies, enthusiasts, and experienced investors to earn as high as 500%++ APY, but that all depends on how much $iBG you have with you
We take care of the nitty gritty details so you can make sure you’re maximizing your profits
We’re not reinventing the wheel, we make it run more efficiently, and I can confidently say that we’re the only DeFi project to do this
Right now the Launchpad is beginning to take root. I write CEO messages to update everyone monthly, and I can’t wait to divulge more in the coming months
I’d released one just this afternoon, actually
Q16. Would projects on this platforms be subjected to a tier system?
Sam: Yes. Each tier dictates different APYs and project categories
Certain projects will only be available to certain member tier levels. The higher the tier, the higher the return of the project, and the higher the APY for the member in their threshold
Some projects will also be impossible to get into for the average investor, which is why it is heavily encouraged to rise amongst the tier system
Q17. Where does the introduction of the wealth management portal put Robovisor in iBG’s ecosystem then?
Sam: Robovisor has always been at the top of our priority list. We know our community has been looking forward to its release, and we’re excited to get it off the ground soon
Right now we have the platform in Alpha, and the team’s been working tirelessly around the clock to address bugs, coding hiccups, and other technical issues so we’re ready for its Q2 release
Q18. Could you spare more details?
Sam: We have the working UI of the platform down, and we’re currently integrating our code into the app itself bit by bit to ensure a smooth blend of the different aspects of Robovisor
Q19. Will Robovisor really be ready by Q2? Our community’s been dying to know
In fact, we will be releasing Robovisor this month! Ahead of schedule
Q20. Would you mind sending a copy of your roadmap right now?
Sam: Of course not, you can find our roadmap and its accompanying details here
Q21. Has the Robovisor concept changed since last year?
Sam: No. If anything, it’s been fleshed out even better than we first imagined it. We are staying true to our first and original vision of it being a crypto newbie’s best, most accessible friend when entering the crypto space
Q22. What does that exactly mean?
Sam: We released a screen teaser of the Robovisor platform late last year. Its purpose has not changed, same goes for its UI as seen in the video
Q23. If that’s the case, why the delay?
Sam: Our dev team encountered more technical road bumps than initially expected. We didn’t want to risk releasing a half-finished product, and decided it’d be best to allot our team more time to address the concerns. We only want the best for our community, and we are not afraid of adjusting timing to accomodate that
Q24. What do the later iBG releases mean for the iBG Token?
Sam: Definitely an increase in utility. As of now, our farming platforms have been our community’s go-to earning avenue, and with the concepts we have in store (which we’ve detailed in our roadmap piece on Medium), we know that this means only good things are coming in regards to the valuation of our token
Q25. You mentioned farming. What makes farming with iBG different?
Sam: We have our farm and pools available on BSC and ETH
Enjoy attractive APRs and a sleek UI only with our platform. This is one of our many advantages compared to other platforms on the market, of course aside from our simple interface and entry point
We recently revamped our Farms, and included a locked staking feature for our ETH platform
We always make sure that our releases are performing at their best, and improving so we can better service your wealth management needs
Q26. Are there other ways for users to earn more with iBG Tokens?
Sam: It’s great timing that you ask this
Our locked staking protocols on Ethereum, launching this month, are a great, easy way for you to continue earning off your $iBG
Next week we’re releasing a new and fresh community engagement event where you can earn FREE iBG Tokens! Come join us on Telegram to be the first to hear the details
We’re always coming up with new promotions, so keep an eye out on our socials and communities for when we release more ways for you to earn free $iBG
Q27. Thanks for all this Sam, now we’ll be going over some questions that were sent in by our community. Are you ready?
Sam: Let’s do it!
Q28. Alright! First up, how do plan on promoting iBG in different countries? Especially in areas where English isn’t spoken well? Does iBG have local communities?
Sam: We definitely have plans on expanding globally through vernacular communities, though we’d like to first continue building on iBG Token utility before we explore this avenue
Q29. A question from Telegram,
“hey Admin I remember having read about cnbc and Vin Menon, sth coming in February, what was that again please?”
Sam: You must be referring to Dr. Vin’s CNBC speaking event. It’s on 8 March actually! He’ll be discussing fintech and the blockchain in the forum, further details to follow
Q30. How will the iBG Token support the NFT venture with ICOA? Will they be required for NFT purchase?
Sam: We’re still in the process of ironing out the fine lines of how this collaboration will take effect
I can confirm for now that our native token will be playing a very important role amidst all this
Once we’ve finalized the details, you will be the first to know
Q31. A question from Telegram,
“Is your new website out yet?”
Sam: Yes! Our website is LIVE with our revamp!
As we continue to expand our ecosystem, https://ibg.finance will serve as your one-stop-shop for all products and services we release
Q32. Does iBG have tutorial videos so we can get to know your project more clearly or a YouTube channel or something?
Sam: You can find our YouTube channel here: https://www.youtube.com/channel/UCig8ir8yNLPKdSdGom_dahw
Our YouTube channel has plenty of tutorials and Crypto 101 content available for your reference
Our Telegram community also has many wonderful people who are willing to assist you as well
All our social media platforms can be found via linktr.ee/ibgfinance
Q33. A question from the community,
“When i read that it i thought the q2 repeat was a typo. Bit confusing imo. Guessing q2 is correct?”
Sam: Yes, Q2 is correct. The releases outlined in our roadmap are queued for Q2 release
Very close now!
Q34. Any updates on superstaking pools?
Sam: As I’ve mentioned in my CEO message released earlier today, our Farms revamp and locked staking features are coming up for release this month
I hope to hear your feedback when we post live
Q35. 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?
Sam: Yes, token holders will have governance rights when the Launchpad comes in Q2. I don’t want to give away too much right now, as we are still in the development stages of the platform
Rest assured though that updates will be sent out as soon as they’ve been discussed upon and finalized