AMA RECAP : CRYPTO SQUAD X x YIELD PARROT

Venue : @crypto_Sqaudx_community

Date : 12th June 2021

Time : 2 PM UTC

Guest : Alpha Amazon

SEGMENT 1 — INTODUCTION SEGMENT

Ragnar | CRYPTO SQUAD X

Q1. Can you please introduce yourself to our community and please tell us a a quick summary about Yield Parrot ?

Alpha Amazon | YIELD PARROT

I’m Yield Parrot Alpha Amazon. I’ve been in crypto since 2017 as the whole team where we realized that blockchain is the future. I personally have been working for other projects with blockchain since then until the team and I decided to put together the best of them and create Yield Parrot, the state of the art yield aggregator & optimizer of the Binance Smart Chain. At https://yieldparrot.finance/ users can find the best opportunities within the DeFi ecosystem, with a world-class vault offering, fully optimized smart contracts, and a renowned partnership plan

Ragnar | CRYPTO SQUAD X

Q2 What are the advantages of your project and who are the competitors for Yield Parrot ?

Alpha Amazon | YIELD PARROT

Some of our competitor are Beefy, Auto Farm, etc. YieldParrot is developing the most modern YieldAgregattor & optimizer! It also adds an algorithm to do not only have Autocompoundig but also to add a double compounding! This way the yields are going to be the highest in all the Binance Smart Chain.
In addition to that; Financial developments are added for investment strategies to be as simple as possible.Our goal is to optimize each vault with the highest APY ever seen without having to over-issue and aiming for the long term by generating new and innovative developments in the DeFi ecosystem.Be ready for our Launch day where APY will be the highest and LORY price the cheepest ever!

Ragnar | CRYPTO SQUAD X

Q3. Could you please elaborate more about your tokenomics?
What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?

Alpha Amazon | YIELD PARROT

Ticker : LORY
Chain : BSC — Binance smart chain
Format : BEP20
Contract: Will be shared a few days before Presale!
$LORY is our governance token. By holding $LORY you are being part of our community and will participate in the decisions and growth of the protocol. You can earn LORY by using the farms, buying through de LP Creation function or staking LORY.
Initial Supply: 1.000.000 LORY (We ill confirme it a few days before Presale)
40% Liquidity
40% Presale
10% Marketing
5% Team & Devs (locked)
3% Advisors
2% General Reserve

Ragnar | CRYPTO SQUAD X

Q4. Could you please provide some progress on your Roadmap and what results Yield Parrot has achieved so far? And any sneak peek into 2021 plans for Yield Parrot ?

Alpha Amazon | YIELD PARROT

At the moment we already have more than 500 interested in buying $LORY, which will be the governance token. (Be ready for $LORY…) More than 500 people on the telegram highly involved with the project.
We have between 3 and 5 projects that contact us per week to ask us about our Vaults and developments. The development is almost finished and the contracts the same.We have influencers all around the world interested in promoting the project.But the most important thing we have is the growth of the development team. We have all people who have developed successful projects in the past with experience in the DeFi ecosystem and above all with a work ethic that sets them apart from the rest.

Ragnar | CRYPTO SQUAD X

Q5.How has the experience and background of your team been effective in the success of your project so far?

Alpha Amazon | YIELD PARROT

As I said before all the team had worked on other projects and we have put together the best of all of them in Yield Parrot. Thanks to the good relations we have with other projects we can now have great partnerships which you will be able to see in a few days. It was very important to us to have the experience in block chain and DEFI projects to make this one the best ever among all other competitors!Before going to the group questions I would love to invite you to the giveaway we will be doing in a few days!

SEGMENT 2 — LIVE Q & A

Q1. FROM @Genesitgem

Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?

Alpha Amazon | YIELD PARROT

0.24986 LORY /block. The LORY has deflationary mechanisms are installed such as buy back and scheduled burns, and more will be coming to ensure the growth of the protocol but safeguarding the value to the community holders. BURNS will occurr constantly. BuyBack is automatic. This are all things that will be done. Its very IMPORTANT for us that LORY has a strong price and increases all the time.A Buyback mechanism will be set automatically. Some of them will be used to buyback lorys and give even better APR, others will be burn to make this a deflationary mechanism

Q2. FROM @Tony253210

The security is the main element that a project that is getting investors must guarantee, so can you tell us what are the mechanism or instruments that you’ve done to increase your security? Are you audited?

Alpha Amazon | YIELD PARROT

Safty is priority # 1 for us. We are going to be audit before launching and in addition to that we add extra security to the platform. Investor safety and confidence is priority # 1.Also, the most important here is that all founds are safty in the blockchain, that is not something we must worry about. Remember that the website is just a pretty face, and all the hard work is on the backend and in the blockchain
All the team had worked with other projects before and that’s why we will be able to have good partnerships to support us and give extra confidence for investors.

Q3. FROM @nguyenling23

How big and strong is your community? do you have community for non english users?

Alpha Amazon | YIELD PARROT

I will say that the community we have is the most important thing! all these people get to know us in just a few days. By the time we just have our main telegram group in English but of course we are planning to have groups in different languages. This is a global project that must involve people from all parts of the world. Remember that we have not even launched yet!🚀

Q4. FROM @amikevai

Does your 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?

Alpha Amazon | YIELD PARROT

Staking is one of the best features of the BSC! thats why we have decided to improve to the extreme the staking APY. Not only we will be offeru¡ing staking for holders, but staking will be the main feature of Yield Parrot. Yo will be see those incredible APY and you are going to want to put all your other tokens into Yield parrot to have the best renturns ever seen!. YieldParrot is developing the most modern YieldAgregattor & optimizer! It also adds an algorithm to do not only have Autocompoundig but also to add a double compounding! This way the yields are going to be the highest in all the Binance Smart Chain.

Q5. FROM @amikevai

During the 2020 I got scammed a few times, rugs, exit scams etc. — how can we investors be sure that this will not be similar, are your contracts public & somewhere to be seen?

Alpha Amazon | YIELD PARROT

Of course all our contracts are public. Besides this we will be Audit before launch and after that we will be looking for a second one in order to give our community as much confience as we can.Regarding what you say: It is the ecosystem’s need to provide security and trust. It is a priority for serious projects to distance themselves as much as possible from all the evils that the DeFi space has. How do you do that? Auditing as much as possible and being transparent with everything.Also, as all of the team had workd before with other big projects, we have good realtion with them and we will be doing parntership with some of them in order to give our community more confinde in this matter. Also this partnerships will make Yiled Parrot fly even higer that you think! Stay tuned for all new news🚀🚀🦜🦜

— AMA CONCLUDED —

Follow YIELD PARROT here for latest updates;

Website:

https://yieldparrot.finance

Telegram:

https://t.me/yieldparrot

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