PolyCrystal x PearZap AMA 08/14 💎🍐

Hey Crystal Crew, Jimmy and KingD rocked another AMA with the PearZap crew over on their telegram on 08/14, and we decided to bring you a recap! Lots of exciting teases and hints to upcoming features on both of our platforms, including a Pear farm on PolyCrystal, with a condition that if it hits $50k in liquidity, the process for whitelisting with ApeSwap begins! Incredibly exciting stuff!

Some other highlights include a massive 50K $PEAR burn, and KingD confessing his love for High School musical, all in all, an eventful AMA!

We took some questions from the PearZap team. Mr. Concorde (@concorde-pear) then opened the floor to the community who asked us some incredible questions as well.

Here’s a conversational recap of the banter that went on between Mr. Concorde, Jimmy, and KingD;

PearZap Team Questions

Mr. Concorde

How are you doing today guys?

Jimmy The Hypnotist

Doing great, another beautiful day in the world of DeFi 💎🍐❤️

King D

I’m feeling sexy, my guy. Ready to answer some questions and get to know the PearZap community!

Mr. Concorde

Alright that sounds hot

Lets get this AMA started

Q1. Can you briefly describe what Polycrystal is?

King D

Of course!

PolyCrystal is a yield farm, and we act as the primary liquidity incentive for ApeSwap’s DeX on polygon! Our platform rewards users for staking Apeswap liquidity pool tokens with some sweet sweet $CRYSTL at high vibe APRs!

Mr. Concorde

That sounds amazing, I feel like APING in😏😋

King D

Those $CRYSTLs can then be used in our awesome and diverse Pools to earn a variety of other tokens including some sweet sexy $PEARS at super rewarding APRs too!

Mr. Concorde

Awesome! So you guys are pretty close to apeswap i assume?

King D

Yes! Two of their core team members, ObieDobo, and HarambeNakamoto act as advisors from a smart contract and business development perspective.

Mr. Concorde

That is amazing guys! Together strong

On to the second question

Q2. What are your main features that distinguish you from other projects and what competitive advantages do you have?

King D

Oh I love this one! There’s a lot, let me touch on a few key concepts here.

First and foremost: The Crystal Crew. Our super vocal, educated and committed community. Those guys go to bat for us, and genuinely have a huge degree of trust in the team and the platform, and in DeFi, trust is worth so much more than gold.

With constant feedback from our users we’re able to make meaningful changes to the platform, ensuring that we do so with community input front of mind!

Mr. Concorde

Exactly how it should be done. Like we discussed 2 days ago: community is key in DeFi🙏

King D

The other huge competitive advantage we’ve got is our business development plan. We’re positioning ourselves to be a huge player in the space by offering all projects a series of great ways to build liquidity, exposure, and good vibes through our PolyCrystal Portal program (for BSC projects), as well as securing deals with lots of major farms already on polygon, providing more utility for $CRYSTL!

and lastly, some pretty huge technical features we will be dropping very soon 🥰 I won’t spoil anything, but it’s going to really play a huge part in the way we help other projects thrive, and in that, transcend polycrystal to the next plane 😘

Mr. Concorde

Ooh i love myself a teaser😏

King D

Oh you know I love to tease 😉

Mr. Concorde

On to the team

Q3. How has the experience and background of your team been effective in the success of Polycrystal?

Jimmy The Hypnotist

Wow King you always know how to get us excited 😊

King D

I’m nothing if I’m not the sexy, titillating community hype man, right ;)

This is an awesome segue actually because our team is another pretty big advantage; we all come from diverse backgrounds with wealths of experience!

Mr. Concorde

Tell me more🤩

King D

One of the big things we find is missing in DeFi, especially here on Polygon is people-people. We’re so glad we’ve found the partners we do have, because all of them have been absolutely lovely to deal with, not excluding the PearZap team, you guys have been incredible to deal with. And that’s what I love about our team. We’re people first.

Most of us come from backgrounds that involve interacting with customers and end-users, as well as a strong background in marketing and data science (which go hand in hand beautifully)

We believe in putting our users needs first ❤️and a lot of that comes from the wealth of experience in business development that the team has, including being able to take community feed back, and having that experience and knowledge on how to convert that feedback into equitable and meaningful changes to our platform😌😌

Mr. Concorde

Well i just got to know you guys since 2 weeks, and i can truly say you guys are different peepz than other projects. Every conversation has a good vibe

Awesome job on that part my friends💪

King D

Keeping those vibes high and the APRs follow suit!

Mr. Concorde

Now about marketing

Q4. What kind of marketing initiatives do you use to help build awareness for the polycrystal platform?

Jimmy The Hypnotist

Thank you, as King said we keep the High Vibes and so do you Pears :)

I’ll take this one, time to hypnotize you all 😊

We have many ongoing marketing campaigns and many more planned for the future. We are currently marketing with major DeFi and Media platforms such as DappRadar, BSC and Polygon Times, and Tin.Network 😄

We also focus on cross promotion with our great partners, such as PearZap, to help spread awareness for both platforms so we can all grow together 😊

King D

Hell yeah. Blending these communities builds so much hype!

Mr. Concorde

That sounds good! Nothing better than cross promotion amongst partners

After all we are all in this together

Jimmy The Hypnotist

Definitely 😊

King D

I love high school musical.

Mr. Concorde

Lol haha same here, what a love story

Q5. Could you please provide some progress on your Roadmap and tell the PearZap community what was achieved so far?

King D

The things I’d have done for a date with Vanessa Hudgens when I was a wee guy… Oof.

Mr. Concorde

Hahaha yuuge+1

Jimmy The Hypnotist

I can see you with the Zac Effron hair 😂

We have made great progress on our initial Roadmap with some of the major accomplishments being: lowering emissions and decreasing inflation, redesigning and updating our UI to have a unique look and give users the best experience possible, and creating numerous partnerships with great projects 😊

Mr. Concorde

Thats awesome, no hickups along the way?

Jimmy The Hypnotist

The most impressive feat we accomplished was our New Moon Cycle with which we launched new or topped up existing $CRYSTL Pools for 28 days straight! Our business development team did an amazing job and we now have over 25 $CRYSTL Pools for you to stake $CRYSTL and earn non-native tokens, including $PEAR, with High Vibe APRs :)

Mr. Concorde

25😮 thats a lot

Jimmy The Hypnotist

We also have our Roadmap for the next few months in which we detail upcoming features including Vaults, increased utility for $CRYSTL, and NFTs 😊

Mr. Concorde

You are allowed to share a link if you want so the pearzappers can take a look

https://polycrystalfinance.medium.com/polycrystal-insights-on-the-crystl-clear-future-6274841af676

Take a look pearzappers

Okay that was it for the first segment. Before i open up the chat for community question i would like to build some extra hype

King D

You’re such a tease.

Jimmy The Hypnotist

I always love the extra hype :)

Mr. Concorde

To celebrate our partnership and upcoming announcement after this AMA, we had Zappearo burn an insane amount of 50K $PEAR with a total worth of $104k

Jimmy The Hypnotist

😱 Wow that’s a lot of Toasted $PEAR 🍐🔥🥳

King D

You are not messing around when you say HYPE Jeez!

Mr. Concorde

Okay i will open up the chat now, are you guys ready? Once again: if your question gets picked by the shiny crystalcrew you win $30

King D

I think we should celebrate with some pear martinis (it’s 7am here, but this is DeFi, there are no rules and no one can change that)

Let’s hear these community questions! So pumped !

Community Questions

@shakan171 asks: There’s been a lot of hacking lately. Can we get information about your security system?Are you going to apply for Certik?

Jimmy The Hypnotist

Very great question :) we take security very seriously at PolyCrystal and it is our #1 priority 😊

We have been professionally audited by CryptEx and came back low-risk

We also have two core members from ApeSwap, Obie Dobo and Harambe Nakamoto, who are advisors on our code and smart contracts to ensure everything is 100% SAFU 🔓

Mr. Concorde

https://polycrystal.gitbook.io/polycrystal-finance/security/audits

King D

@LoxeLory asks : Yield farming is a new trend so do you have any plans for the development of yield farming system? Does your project support staking program? if yes. how does your stake system work, what are the requirements for users if they want to stake on your platform, and do you also have plans for burn, buyback?

We have upwards of 25 pools available on our staking page! Fun fact: most of the crystal in circulation is staked away in these awesome pools!

There’s no barrier for entry or deposit fees, just stake some CRYSTL and earn some sweet sweet APRs on some great tokens!

From a burns perspective, we’re implementing a huge new feature very very soon that will have an automated buyback and burn function. Manual buybacks are awesome for building faith in the platform, but from a long term, sustainability perspective, automated burn mechanisms provide much better results

@gemsdungeon asks: How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?

Wowie. These questions are awesome.

From a utility perspective, King of Crystals and the biz dev team have been just cranking out partnerships for new pools left right and centre. This provides crystal holders with the ability to earn new and existing coins and gain meaningful exposure to these projects.

Stability wise, we’ll be launching our auto compounding vaults very soon, which will work hand in hand with our staggered emissions structure to create a system that is sustainable, and keeps supply in check!

Mr. Concorde

Thank you guys for the AMAzing answers

King D

I’m cringing but I love it.

Conclusion

This was another fun one! PearZap is an incredible project and we’re so happy to be able to blend our communities together with the integration of our soon to launch $PEAR/MATIC farm.

We look forward to a lengthy partnership with our friendly, sexy pears over at PearZap, and can’t wait to do more joint community events in the future!