Hello Readers!!!

Knit Finance is still building and trying to get into the Defi ecosystem, there's a big need to create awareness and make the mission and vision of the platform know to as many people as they can.

Here is another AMA session with the Knit Finance CEO Sainath Gupta on the Decentralised Club TG Group. AMA happened on the 28th of February, at 4pm UTC.

Read on, AMA might contain questions you need answers to.

Crypto Royal TG Group

Ama has 3 sessions and they are the:

• Introduction/Question from the AMA Host
• Selected questions from Twitter
• Live Asking

The host started by welcoming and asking Sanaith Gupta some introduction questions

Question 1

• Question: Could you please introduce yourselves to the community and tell us about your background?

• Sainath Response: I am Sainath G, founder Aasaanpay India’s first Mobile POS in2011, have a decade-plus rich experience in Financial Technologies.
  I am also a dropout from IIIT H.

Question 2

• Question: Please tell the community about Knit Finance in detail?

• Sainath Response: Our vision is to make DeFi accessible on every chain, we at Knit.Finance provides the ability for any token ( crypto)/asset ( Capital like Tesla shares) to be available on any chain using bridges and synthetics 1:1 collateralized.

Twitter Questions

Question 1

• Question: KNIT Finance is the next generation of DeFi protocol. Could you explain to us in simple terms what is the purpose of KNIT Finance? And how will you attract investors and build trust and win the hearts of millions of people in your project?

• Sainath Response: Purpose of Knit.Finance in stage 1 is to bring DeFi to every chain, by allowing any coin to accessible on any chain. In Stage 2, the purpose is to allow any asset class (Crypto, Captial ( Tesla, aapl shares ..et al) and bullion ( gold bonds..et al) to be available on any chain. We keep the community first, and constant feedback makes the project a success. Please join https://t.me/knitfinance for the ever-increasing community.

Question 2

• Question: Features and security is an important aspect of a project. What unique features does KNIT Finance have today? Will there be any updates in the future? then what security system does your platform have at the moment?

• Sainath Response: We are already multi-chain (Polka, Binance smart chain, Etherum and Polygon) , much more chains to be supported helping Chain focused DeFis to develop. Another unique thing is our team, which is experienced. We are getting audited by some well-known guys plus we are also insured with tidal finance for peace of mind for token holders.

Question 3

• Question: Are you a global project? Can anybody use your services from anywhere?

• Sainath Response: Yes, we are DeFi based ecosystem supporters, hence we are a truly global project and you can use our services from anywhere.
  Watch for more updates: https://t.me/knitfinanceann

Question 4

• Question: Could you tell us about the knit finance team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

• Sainath Response: I am Sainath G, founder Aasaanpay India’s first Mobile POS in2011, have a decade-plus rich experience in Financial Technologies. The tech team's cumulative experience is 20 years and so is the business team is 15 years. with many of them with crypto background

Question 5

• Question: The Ethereum blockchain is presenting extremely high fees lately and many users are stopping using this blockchain, how does Knit plan to solve this problem?

• Sainath Response: I am a big fan of Ethereum as it has shown what can be achieved through blockchain and smart contracts. This made it a hotbed of early adopters and innovations like Defi, but the updates to Ethereum network didn’t keep up to date with the total number of crypto users
  Our solution is to create a system by which at least any crypto asset is available for DeFi on any chain, hence reducing the constraints on the Ethereum network solely. Hence, reduce congestion on Ethereum, reduce fees making it faster while helping DeFi grow bigger and unlocking billions of assets

LIVE Questions

Question 1

• Question: One of the big developing projects has a solid and strong team financially, what about the KNIT Finance team is it financially able to build projects in the future?

What benefits will we get if we own and hold KNIT tokens for a certain period of time? where can we get the token? where can we?

• Sainath Response: One of the big developing projects has a solid and strong team financially, what about the KNIT Finance team, is it financially able to build projects in the future?
  Our team members are very experienced, hence proper planning will make the project a success.

Question 2

• Question: We all know partnership is very important to strengthen a project, does KnitFinance plans to add partnerships? If so can we know who or what projects that you've been looking forward to working with?

• Sainath Response: There are 22 partnerships in the pipeline. Watch out for our next two weeks for announcements, https://t.me/knitfinanceann

Question 3

• Question: Adoption & Awareness about Platform is very important for any Creator as well as Users! So, What are your plans to attract more users as well as Creators with Non-crypto users too?

• Sainath Response: Sticking close to the community is our plan.

Question 4

• Question: Does KNIT conduct any Presale/Tokensale at this moment? If so, What are the requirements for being able to join the $KNIT PRESALE/TOKENSALE event, does KYC is a must?

• Sainath Response: Our private sale is complete with many good guys in the round. Will share details soon.

Question 1

• Question: Which area does focus on at the moment? (DeFi, Nft, Dapps, Stake, Yield Farming..)

• Sainath Response: Defi, Staking and Yield farming.

AMA ending here and it was an interacting one with the community members.

You might have found answers to your questions in the AMA questions.
Watch out for more AMA Recap.

THANKS FOR READING

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