Crypto Wizards AMA With Asva Labs
Guest : Mallikarjuna Naidu
Introduction
1. Could you please provide a quick self-introduction for the community?
Ans- im mallikarjuna naidu I have been helping building, scaling, and growing the crypto projects to heights from several years , I'm likewise a Crypto enthusiastic , DeFi maximalist . I talked about the topic “Boom of the DeFI Industry at Asia Decentralized Summit Goa in 2019 and several public conferences.
Here at asva I am keen on the overall strategy to drive DeFi and NFT adoption to the majority.
2. Can you briefly introduce the project Asva Labs , what are some of utlities of $ASVA ? How do you think you stand out among the competitors if there are any?
Ans- Asva Labs Is Fueling Next - Gen Interoperable Applications Focused On DeFi ,NFTs And Metaverse . It Leverages Advance Web3 Based Blockchain And Substrate Technologies To Develop Interoperable And Scalable Decentralized Applications Such as Cross - Chain Money Market protocol And On Chain Based Metaverse Powered By NFTs and the Platform Support Multi - Chain Networks on Polkadot , Binance Smart Chain , Polygon and Solana
The native token $ASVA constitutes primary utilities such as staking, yield farming, governance, liquidity mining, and incentivization programs. Users can employ the $ASVA token to pay the transaction fees on the Asva DeFi protocol and its metaverse NFT platform to trade virtual creations
3. Can you share the achievements the team has made so far ? what are the major achievement target Alchemist DeFi is yet to achieve . If possible also share your roadmap.
Ans- We Successfully Closed seed and private first round funding
We proposed Token contract audit to industry top security audit firm
Closure to launch MVP of asva finance on BSC chain testnet
We achieved cross chain integrations on substrate and its live now on test net
Started private finance rounds
Progress on partnerships
Coming months we target
multi - chain support on polkadot and polygon , solana
Upgrade asva finance product features to lend , yield farm
Integrate asset management
NFTs collateral integrate to Asva DeFI product
Avsa Metverse - NFT platform launch
Migrate asva products on polkadot parachain.
4. Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Ans- total supply of $ASVA - 90M https://asvafinance.medium.com/asva-tokenomics-and-distribution-model-17daa4177712 please check the resource to know detail information of asva tokenomics
5.Why did you name the project Asva Labs? How does it correlate with the idea of the project ?
Ans- ASVA means strong and adoption of the future we look asva labs good name to start with and build the future products by focusing trending areas in crypto space
Twitter Questions
Ans- Asva Labs Is Fueling Next - Gen Interoperable Applications Focused On DeFi ,NFTs And Metaverse . It Leverages Advance Web3 Based Blockchain And Substrate Technologies To Develop Interoperable And Scalable Decentralized Applications Such as Cross - Chain Money Market protocol And On - Chain Based Metaverse Powered By NFTs and the Platform Support Multi - Chain Networks on Polkadot , Binance Smart Chain , Polygon and Solana
Asva labs is coming up with two new products:
1. Asva finance is a cross-chain money market protocol for the DeFi ecosystem it features functionalities from lending to yield farming to asset management for crypto assets. In addition, the platform offers an intuitive and intelligent dashboard to track and monitor all earnings of users in one place. The goal is to fuel DeFi mainstream adoption with a one-stop interoperable DeFi solution.
2. Asva virtua space is an on-chain ownership based metaverse platform consisting of virtual creations like real estate, digital artworks, and museums. users can discover, buy, sell and monetize their virtual creation on asva space virtual world.
We are a group of passionate Individuals from India and other countries with deep expertise in blockchain and Software development and specialized in marketing , scaling crypto projects .
"Asva labs" is the innovation lab that revolutionizes the focused industries by introducing interoperable and scaling products and we are envisioned to address existing limitations related to DeFi and NFTs and developing advanced products powered asva labs at the moment by we are leveraging web3 technologies like polkadot to contribute DeFi and NFTs to mainstream adoption. we are buildings products one is is cross-chain money market protocol per DeFI and another product is on-chain metaverse powered by NFTs and we will extend our products coming months.
we started Asva labs aims to address existing industry limitations and also meet the ever-increasing demands of the DeFi and NFT market by building robust and interoperable decentralized applications on web3 blockchain infrastructure. the main challenges we take to address in the DeFi and NFTs space are cross - chain trades , liquidity problems , interoperable money market , NFTs utilities
We are building bigger ecosystem in DeFi and NFT space by asva labs and its native token $ASVA fuel the entire asva labs ecosystem . the $token utilities such as staking, yield farming, governance, liquidity mining, and incentivization programs. Users can employ the $ASVA token to pay the transaction fees on the Asva DeFi protocol and on its metaverse - NFT platform to trade virtual creations . we are offering a potential benefits to the $ AVSA token holders in many ways
So far we did
We Successfully Closed seed funding
We proposed $ASVA Token contract audit to industry top security audit firm
Closure to launch MVP of asva finance on BSC chain testnet
We achieved cross chain integrations on substrate and its live now on test net
Started private finance rounds
Progress on partnerships
Coming months we target
multi - chain support on polkadot and polygon , solana
Upgrade asva finance product features to lend , yield farm
Integrate asset management features
add NFTs collateral feature to Asva DeFI product
Avsa Metverse - NFT platform launch
Migrate asva products polkadot parachain
Global partnerships
there has a lot targets are in the list we are strategically moving to make them happen at each stage to make asva project one of the best one coming months
Live Section Q&A
1.Doing my research about you, I got noticed that Asva Labs is compatible with Substrate and Polkadot, but apart of this well known chains, Asva Labs also is it compatible with other blockchains like BSC or Ethereum?
Ans- of course we leverage polkadot and substrate to built interoperable and scalable products per DeFi and NFT however at the initial stage developments of asva applications it supports multi - chain on BSC, polygon and solana
2. I read your mission in cryptos is to Unlock the full potential of DeFi,Does that mean you yet havent achieved your goal?Could you please describe the specific features you want to unlock?And in what timeframe do you think they will achieve it?
Ans- of course we aim to address existing problems like cross - chain trades , liquidity problem , interoperable money market market features , transaction fees in the DeFI by introducing asva finance which is cross - chain market protocol provides one stop interoperable DeFi features it functionalities from cross - chain liquidity , lend and yield aggregations across blockchains we will launch the product into maintet on before Q2 2021 with initial features like liquidity aggregation for token trades and lend after proper security audit by top firms next phase Q3 we will upgrade remains product features from yield , asset management however we have some exciting days ahead
3. Regarding your virtual space, do you think you are going to have more updates? or include more things that can be sold / monetized apart from art creations?
Ans- Asva Virtua Space is a Metaverse - NFT platform is a destination for buying and selling virtual lands, 3d digital arts, digital collectibles, and many more. It provides an opportunity for users to monetize their virtual creations.
users can create a virtual lands and feel a gamified realm experience and artists can exhibit their digital art in the art museums and the collector or buyer can buy those arts and use that in their virtual houses and museums
Some of the main features of asva virtua space are True Digital Ownership, Interoperability, Decentralized assets exchange, and Player Driven Economy. This provides transparency to trade virtual characteristics from avatars to lands, arts, and many more through Asva NFT marketplace
4. Your project has great distinctness. There must be an experienced team behind. Can you tell some about your team and their experiences in the market?,.
Ans- Of course my self I have been helping building, scaling, and growing the crypto projects to heights from several years , I’m likewise a Crypto enthusiastic , DeFi and NFTs maximalist . and growth advisor for few of crypto projects
CTO
He is Experienced professional holding immense expertise in subject matters relating to blockchain technology, cryptography, cloud computing, and Information technology services.He is expert at Architecting, Analysis, Designing, Requirements Elicitation, and process modeling . He has led projects at various cross - functional fronts solidifying their technical stack.
And a group of passionate Individuals with deep expertise in blockchain development and specialized in marketing and scaling crypto project developments .
You Can See All Details Of Asva Labs On This Website :https://asva.finance/