AMA Recap 404 Daily Crypto with Jupter Wallet

Hello 404 Daily Crypto Community

On the 13th of April, at 12:00 PM UTC (19:00 WIB). we just successfully hosted our 14th AMA with Jupter Wallet, with our guest from Jupter Wallet team:

  • CryptoHunter, Jupter Wallet Team

Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.

Introduction Questions Asked By 404 Daily Crypto Team

Can you introduce yourself to our community?

Helo! My name is CryptoHunter and it is a pleasure to be here! I am one of the members of the great team of JUPTERWALLET
Our goal from the beginning was to create a Token that is profitable and of great use to the community. We are lovers of decentralization
and we believe that power must be in everyone’s hand, that’s why we make all the decisions together with our large community.
We made a fair pre-sale to everyone! And we are very happy with this new beginning.

Q1. Can you briefly describe what is JUPTER? We would like to know more about it and how it works?

JupterWallet is Binance Smart Chain’s newest high-performance, frictionless farming protocol. A deflationary process occurs with each transaction blocking a portion of the JupterWallet forever. As we are a new project, we still have a low market cap because we launched the project yesterday, and now we are working on marketing to bring new ones.

Q2. How has the experience and background of your team been effective in the success of your project so far?

We have an experienced and engaged team, made up of developers who have been in the cryptography market for over 8 years.
Our project is just beginning and as we said to our community, success will not be made only by the team, but together with the community. We will do something great together.

Q3. Can you give an overview of $JUP Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage, or burning?

Juper Wallet employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed at a 10% fee, which is split 2 ways.
5% fee = redistributed to all existing holders
5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the Jupter Wallet tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on PancakeSwap.

Tokens available for presale:
600,000,000,000,000 JUP
Liquidity:
176.760.000.000.000 JUP
Marketing:
212,440,000,000,000 JUP
Platform fee:
10.800.000.000.000 JUP
Total:
1,000,000,000,000,000 JUP

We burned 15% of the marketing portfolio at the request of the community. And we are working on marketing with the remaining 6%.
Always with transparency and asking the community for the opinion for each operation.

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

  • Launch smart contract into the main net
  • Launch website for Jupter
  • Launch pre-sale on unicrypt
  • Launch on PancakeSwap after pre-sale
  • Apply on CoinGecko and CoinMarketCap after presale finalized
  • Marketing to spread awareness of the project. (YouTube/TikTok/Twitter);
    Obs: Today we will have a great review made by Crypto Pablo
    Audit by Solid Group.

We only have two days on the market, whoever positions himself well will go to JUP with us.

Q5. What is the plan JUPTER to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?

We will be able to guarantee liquidity with the market’s own adoption of our JUPTERWALLET MOBILE MULTCHAIN product, bringing ease and savings in transactions between networks, and also our holders help to bring liquidity with JUP, as our token is deflationary.
All percentages of fees were designed to guarantee the life of JUP forever in the market.
I imagine that some people here have heard about the safemoon, we will be Safejup.

Questions asked on Twitter for Jupter Wallet team

Q1 From Twitter username @Zafiyakhan2

How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates???

We are working hard on our social channels, we currently have a global channel on

Telegram: https://t.me/jupterwallet

Twitter: https://twitter.com/jupterwallet

Tiktok: https://vm.tiktok.com/ZMeuAAg1W/
(Made by a holder and fan of the project)

Unirocket: soon

We’ll be looking for Ambassadors in several countries this week and we’ll put up a channel especially for announcements.

Q2 From Twitter username @Niqabna

1-Increasing Token price
2- make Token Valuable
3-Building Community Trust

From 3 aspects above, I want to ask, Which one the most important for you??
If all above are important for you, Which one that Will you do first??

Building community trust.

All three are important, but having a strong community is essential to a good project.

We are expanding our community on TG and Twitter, bringing transparency to all operations and plans of the project.

As a result of our work, the token will have value, and then its price should show it. ❤️

Everything is being thought for the community, we give up most of the tokens to join our strength together, the community will give it what it deserves and we will execute.

We made a fair pre-sale, avoiding whales from being able to buy large quantities and that was essential for a successful pre-sale.

Q3 From Twitter username @LamaAsu1

What’s your vision ultimately? What is project trying to achieve in the longer term and how do you plan to get there? How will your ultimate vision and mission make a difference in the world?

Our final vision is to bring a differentiated product to the crypto community, we will achieve a solid project with a stable community, developing a portfolio that in addition to saving your tokens it will multiply by itself.
We will bring innovations and Multchains technologies, something that has not yet been seen in the market.

We will only be able to make a difference in the world if power is shared between people, we strongly believe in decentralized democracy and this message that we want to leave for everyone.

Q4 From Twitter username @wanfi27

What are your plans to educate and raise awareness and adoption among the community to make more people understand $JUP and its technology?

We will work hard to pass on as much information as possible to the community, nothing more powerful in this world than information, will encourage the community with some prizes to answer questions about the project and thus motivating the community to learn and understand better what we have to offer.

Q5 From Twitter username @sadamwidarmanto

Cooperation and partnership are one of the most important issues to help develop a project. Can you tell us about your existing partnerships, the partnership plans, and what people can gain from these partnerships?

Our developers are people who are directly linked to technology-oriented companies, some have worked on large projects and brokers, our networking will allow for great partnerships for a prosperous future, and when I say Great I am not being modest.

In a few days, we will announce some partnerships, just tighten your senses and get a good position to JUP.

Questions asked by our 404 Daily Crypto community members during live Session to Jupter Wallet team

Q1 From Telegram username @Nancy720

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

We are always responding to the community and being as transparent as possible, we have already audited and now we are marketing according to what the community asks for.

Our liquidity will be locked up for 11 months and we have no intention of touching it.

Q2 From Telegram username @topind7

Please how can I buy $JUP tokens, any guide?

Q3 From Telegram username @freefiremafru

Are you planning to Burn / Buyback $JUP Tokens to increase their value and What is your Utility Token in the ecosystem and Jupter Wallet listed the $JUP tokens on the exchange then where can you buy the $JUP tokens?

Since the beginning of the project we have been trying to bring the community to our side so that they can take part in decision making, our intention is to develop an interactive multichain portfolio so that any ordinary person can use our dApp, we have an incredible team of developers with a lot of experience in UX / UI Design and Marketing. I believe we are on the right track, cooperative community + marketing + experienced devs = new unencrypted users!

Q4 From Telegram username @Alexs190

DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?
Do you think DeFi will destroy the existing financial system?
What is your project Approach towards DeFi?

A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in. However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.

Q5 From Telegram username @elly004

What are your plans for Africa, considering the fact that Africa is becoming one of the biggest cryptocurrency markets?

Recently our team carried out some research on the region, we recently spoke with the CEO of Lunes a centralized portfolio, this conversation was done anonymously and we could see that yes, Africa is great potential, not least because our languages are similar, facilitating marketing operate in this region since 88% of all investors in the region lack a decentralized and accessible portfolio.

Closing words from our guest to 404 Daily Crypto Community

Dear community, analyze the parameters of our protocol and understand, we are here to deliver something valuable to you, we count on you because you are part of the team! We can reach huge numbers, and we will. Some people unfortunately were frightened yesterday to see that some BNB’s were sold by the team to pay for the marketing and did not realize that this was voted by the community, do not do fud unnecessarily! Everything was done in a calculated way to make you ❤

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