AMA Recap 404 Daily Crypto with Monopoly

404 Daily Crypto
6 min readApr 16, 2021

Hello 404 Daily Crypto Community

On 15th April 2021, Monopoly DeFi conducted an AMA in the 404 Daily Crypto. Our guest is Monopoly Team.

Lots of questions as usual from the Community about Monopoly progress. The Monopoly team took part in a very interesting AMA session which included Project introduction, Questions from Twitter and a live AMA session with the 404 Daily Crypto community. If you missed the AMA in person, read this recap for a deeper insight into Monopoly.

Let’s take a look at the most interesting points of our conversation.

📍Session 1 » Project Introduction

Can you tell us a little about your experience in the blockchain industry? and also how you can play an important role in this Monopoly?

Monopoly Team: 4 Devs based in the UK blockchain experts and developers changing crypto on a daily basis. We have been involved in blockchain programming since 2015 and we have worked on projects such as Matic and XRP.

Can you tell the members a little about Monopoly?

Monopoly Team: All information is available on our website, White paper and road map. We are a decentralized DeFi platform NFTS, GAMIFICATION AND DEX

Can you explain how Monopoly and what kind of services it offers to users?

Monopoly Team: All this information is in our white paper on website Everyone is free to go there and check. If you want more information join our group @defimonopoly there’s a lot of information there

What products does Monopoly have and in the future,will you add more products?

Monopoly Team: We are a decentralized DeFi platform NFTS, GAMIFICATION AND DEX.

How do you solve liquidity issues and how to ensure user asset security?

Monopoly Team: It’s blockchain so it’s automatically encrypted smart contract Verified. Liquidity is locked in smart contract.

Have you met all your goals in the roadmap till now?And were there any difficulties that you didn’t expect and were not prepared for?

Monopoly Team: A roadmap is a future plan we are professionals mate so we don’t have difficulties we are experts in this field

📍Session 2 » Question from Twitter

Question from Twitter @alamsya15372512
Could you please tell me just a little more about the 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.

Monopoly Team: UK blockchain developers. All information is on

Question from Twitter @TimSukses13
Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did MonopolyDefi do and plans to do to achieve real world adoption?

Monopoly Team: Amazing sure of information about our project. Huge plans, We are a decentralized DeFi platform NFTS, GAMIFICATION AND DEX, All in one.

Question from Twitter @Ambisttt
Tell us some info about your security? Have you done some audits of the platform? Are the smart contracts error-free? What are the test results?

Monopoly Team: Our contract is audited and verified it’s publicly available on the BINANCE SMART CHAIN NETWORK EXPLORER

📍 Session 3 » Community Questions (Live AMA)

Telegram User @ngarokkauni
Why did you choose to build tokens on the ERC-20 blockchain ecosystem? Why not build it on a more scalable blockchain?

Monopoly Team: Binance is better and has cheaper transaction fees and it’s based on ETH BINANCE Is a copy of ETH network faster and cheaper

Telegram User @chichitrantran
Adoption is one of the most important factors that all sustainable blockchain projects should focus on to make them more attractive. Can you tell us what Monopoly has done to make its adoption a reality, what our social and real use cases, and the plan do?

Monopoly Team: use cases are plenty we are building a DEX , NFT platform, Gamification and yielding farming all roled into one

Telegram User @thuhuyenxg
Project Monopoly, is it really hard to start it? Which companies do you think are potential partners and to some extent, they are good for the user base and the Monopoly project itself?

Monopoly Team: We are partnering with ape swap and Matic we know Devs

Telegram User @Derazy
That is wonderful achievement gained by Monopoly an the community at the space. Can you please elaborate for us about Monopoly MYP $ Token on Binance Smart Chain? What is the scheme of this next evolution of DeFi Dapps, NFT’s & DeFi protocols?

Monopoly Team: Yes we will do it all DeX, Dapps and DeFi protocol will be a one stop! NFT’s everything

Telegram User @vuitoiz
How is the development of Monopoly happening? Can you describe in detail the current development efforts, the plans to expand the market, the expected applications and when they will be commercially available?

Monopoly Team: We are launching or DEX and NFT platforms next week we have worked on projects like ape swap and Matic as Devs and have the skills and capabilities to implement our ideas we are going to revolutionise DeFi don’t want to give our competitors too much info join our launch next week

Telegram User @bao1402
How do you plan to spread awareness about your project in different countries/regions. where English is not spoken well like in Asia which has a large population and has the potential to be your users?

Monopoly Team: We have partnered with our Devs from all over the world and we all speak different languages we have people in Hong Kong, London, Malaysia, Dubai every where

Telegram User @DIL_SHADNARA
Are you a global project? Can anybody use your services from anywhere?

Monopoly Team: Yes Global

Telegram User @tv10009
Do you have a plan to identify your team later?Almost every investor is interested in large Defi projects as it delivers high returns and is fast. For what reasons can convince small and large investors to trust and invest in your project?

Monopoly Team: Yes

Telegram User @korasara
Do you agree that Community Strength will lead your project to global development? What services do you provide to the community What are your strategies for building a strong community?

Monopoly Team: Reward your community and listen to everyone work together with people

Telegram User @tv10009
how many kind of documentation will they need to provide? Will it really be possible to crowdfund from any country when the platform goes live? Or will there still be some restrictions When a creator wants to start a projecthttps?

Monopoly Team: It will be possible as we are a decentralized DeFi platform encrypted so all our user data will be encrypted I like this question good one

Telegram User @trinhlele
What is your long-term vision of the industry in which you are working? Are you afraid one day there will be another project with more advanced technology that could replace your Monopoly project?

Monopoly Team: No because we are working around the clock 24/7 to constantly advance and improve our project everyday we add new functionalities

Telegram User @Michaeng124
I saw on your website that Monopoly token is not yet a program for NFT, is there a plan for you to put products into the token for staking or maybe the #Monopolydefi team will create an NFT for expand the community sir?

Monopoly Team: Yes we are going to be doing this


📜Verified On bscscan: true✅
Smart Contract :

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📍 More information on Monopoly:
❇️ Website:
❇️ Twitter:
❇️ Telegram:
❇️ Whitepaper:



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