AMA Summary on Spirit Swap — March 14th
On March 14th, Tortle Team had an outstanding and fun experience with our first-ever live AMA session at SpiritSwap Discord with Javi Blanco Thomas, CEO of Tortle Ninja, who talked about the development progress, Tortle Ninja features, and benefits…
Here we included our 1st AMA. We hope this comes in handy for those who missed it 🙌
J. Blanco — Tortle Ninja, CEO/Founder.
Usanko — Spirit Swap, Community Representative.
Frequently Asked Questions
Q1 — Why did you choose the name “Tortle Ninja”?
As we come from the corporate world, we always have to work on serious stuff, and we wanted to create something fun, something fresh.
Founder: Okay, we want to create something that will protect users from volatility. So, we wanted to create a character with a shell, that it’s hard to break. And also can take the best from chainlinks and oracles in “quick moves” like a Ninja.
Q2 — Are strategies public to everyone? How you can integrate with these strategies? Can you explain what are the safety measures with this product?
You can actually set it as public or private. If you make it public, it’s available for the community. If you make it private, only the owner of the wallet can see it.
We can have a good standard when it comes to security.
I’m very concerned about that. I see too many projects just having problems because of security. But I think we are pretty good and ready on that because my team has been making software together for many years and as for now, we never had a security breach in the last ten years.
Javi Blanco Thomas — Tortle Ninja CEO
Q3— How do you plan on educating people as to the risks and the rewards and the benefits and the increased risks of combining strategies?
We have the idea of creating what we call #TortleUni, so we can create content about the combos and strategies. We can also let the users watch the outcome of the recipe, so they can understand how risky these strategies are.
Q4— What’s the utility of the token?
What we want to do with the token is give users the ability to use advanced features. Apart from governance and being able to decide whose part of the fees of the protocol goes, and win some part of the fees that you take, the first product related to the token is what we call “Tortle Relief Fund”.
It’s a fund, similar to catastrophic insurance, in case of the protocol in total suffers a catastrophic event that affects Tortle users we can refund them. We are creating an insurance product that you can put on your recipe, paid only with Tortle Tokens.
We can help the community educate themselves about what strategies are better.
It’s a great educational tool in case you want to start from the work of other trader or other farmer just changing small things. DeFi is full of opportunities.
Javi Blanco Thomas— Tortle Ninja CEO
Best questions winners
And three users won 50$ each for their questions during this first AMA were…
Stay tuned to our upcoming events on our social channels 🤟
About Tortle Ninja
Tortle Ninja is a no-code decentralized financial tool that was built to enable retail investors, fintech, and crypto enthusiasts to create combined DeFi strategies.
Tortle users can create combinations of DeFi operations by linking the nodes and defining a strategy. You can split, create a limit, stop-loss orders, and even more complex strategies. Tortle will validate the operation results and the composition of the operation if it is valid or invalid.