The Deez Nodez Team dropped by to talk to BugzKG about the exciting stuff they have been working on and to take some questions from the community. To celebrate the AMA, members from our community who join their Discord and mention TheCronicleNews sent them will be awarded a WL spot.
If you would like more information about Deez Nodez, please visit their website at https://deeznodez.net/ and their Twitter at https://twitter.com/NodezDeez.
BugzKG: Welcome everyone to our AMA with Deez Nodez. I will be your host today. Just a few quick things before we get started. There will be only the interview portion today. Submitted questions didn’t qualify & were botted. It was decided to remove the questions segment. You will be muted throughout the whole AMA. Thank you.
Welcome Deez Nodez team. Can you introduce yourself to our tg members?
DeezNodez: Good morning/Good Afternoon to all, I go by De Lu. Been in-and-out of crypto since run-up in 2017. And after the downturn in 2018, strayed away from CEX and dove in DeFi protocols/Degen Meme Coins(BSC, Matic, FTM). Decided to make an TG informational Hub for people to help find/navigate their degen plays/ protocols. Fast forward to now, I’m a MOD at Cronos Chimp Club.
BugzKG: Looks like you have great experience! Cronos Chimp Club is awesome! 😎
DeezNodez: Aw yes they are a great social club
BugzKG: Can you tell us about Deez Nodez? Assume we know nothing please.
DeezNodez: Deez Nodez (DN) project is a hybrid-style passive income Dapp and DAO combined to where the ecosystem provides the users with daily rewards in $DN tokens from the protocol owned liquidity reward pool as well as other DeFi applications.
Also since this is a community-driven project, the use of the DAO will be subjected to the consensus of the community by vote. We wanted to incorporate the meme culture with-in the protocol arena hence why we chose “Deez”.
BugzKG: Nice! Memes are very popular. 😅 Why did you decide to launch on Cronos and not another blockchain?
DeezNodez: We decided to launch on Cronos because the team sees the potential growth on the Cronos Network and this is where the team met in CCC and was formed.
BugzKG: Cronos definitely has tons of potential! Can you explain some features that set Deez Nodez apart from other Cronos projects? How will you benefit the Cronos ecosystem?
DeezNodez: Well Deez Nodez is a “node” protocol with a maximum reward limit model to ensure the longevity of the ecosystem. Others have promised a lifetime model of reward payouts which is not only unsustainable and at the same time, irresponsible to promise investors those kinds of returns. We want to create a safe, inviting,and friendly environment for new and old investors in the DeFi space, to where everyone could be heard.
BugzKG: I like your approach. Yeah there are so projects who over promise or can’t meet investors expectations.
- Total Supply: 4,269,420 $DN
- Burned Token Supply: 3,269,420 $DN
- Circulating Supply: 1,000,000 $DN
- Presale Allocation: 44,355 $DN
- Rewards Pool Allocations: 800,000 $DN
- Marketing/Development Team: 50,000 $DN
- BoFA DAO: 50,000 $DN
- Giveaway Contests/ Competitions: 55,645 $DN
- Acorn (NODEZ)
- -“Burying” 20 $DN tokens will grant you 1 Acorn ( NODE)
- -The act of “burying” will be considered as “committing” or “staking” your $DN tokens.
- -The 20 $DN tokens will not be redeemable after you “bury”.
- -In return, 1 Acorn (NODE) flourishes in your DeFi garden, producing daily reward yield in the form of DN tokens.
- -100 Acorn (NODE) Max per a wallet
- DNs Distribution of Acorn (NODE)
- 14 Deez Nodez ($DN) are sent to the rewards pool.
- 2 Deez Nodez ($DN) are transferred to the development and marketing team.
- 2 Deez Nodez ($DN) are transferred to BoFA DAO.
- 2 Deez Nodez ($DN) are created as LP for DN-CRO, Deez Nodez ($DN) and CRO pair.
- (*To increase the sustainability of the LP)
- Variations of distribution will be subject to change by community consensus.
BugzKG: What does BOFA mean?
DeezNodez: BoFa is our DAO. Bank of Financial Assets ( that meme-age still lives on 🙂 )
BugzKG: Haha love it. Thanks for clarifying. Can you share your roadmap?
DeezNodez: Q2-Q3 2022
- Community and Brand building
- Deez Nodez Contract
- Deez Nodez Website/Dapp
- Building up BOFA
- BoFA Investment Proposals
- Coinmarketcap / Coingecko Listings as well as others
- Optimization of Nodez protocol
- NFTs with Utility
- Other Use Cases for DN
- Exploring other Protocols in which the community agrees upon
- Exploring Cross-chain integration
- CDC Defi App Listing
BugzKG: Very exciting roadmap. Looks like a solid game plan! How do you plan to involve your community with your project?
DeezNodez: We plan to involve the community by allowing them to have a say in what we do with our DAO, BoFA ( Bank of Financial Assets) and choose what other protocols they want to implement next the Deez in the ecosystem.
BugzKG: Happy to hear that. Investors love having a say or influence in a project. What are your future goals for Deez Nodez? Anything exciting down the pipeline?
DeezNodez: As for the time being, Deez Nodez‘s goal is to form a solid community foundation through a straightforward protocol to help build out the Deez ecosystem. We have a couple things up our sleeves, yet to be revealed. But all I can say is that we do have an artist lined up that is well known for his sticker and emoji game.
BugzKG: That’s a good plan. Build slowly and make a strong foundation.
BugzKG: Where can people go to buy $DN?
DeezNodez: We still have not yet decided yet, but most likely on MMF unless a more potential DEX pops up.
BugzKG: Well we’ll be looking forward to seeing when your sale happens! Can you share your socials so others know where to find you?
We are mostly on Discord. We do have TG channel but it directs you to discord. Let me grab that for you.
BugzKG: Check these out everyone! It’s important to do your research before investing. Tons of great resources! 🔥 Anything else you’d like to share before we wrap things up?
DeezNodez: Just wanted to thank you for hosting us on your platform 🙂
BugzKG: You’re welcome! It’s always great to hear from new projects. Thank you so much Deez Nodez for taking time out of your day to tell us about your project! The AMA recap will be posted later today, which is where the true benefit comes! So please be on the lookout everyone! Timezones make it hard for people to attend. 😊 If you would like more information on Deez Nodez and want to learn more please check out their discord and other socials listed above!
Have a wonderful day/night everyone! Unmuting chat now!
DeezNodez: Thank thank, and since there was no questions. Anyone here who joins our discord, the first 10 ppl from stopping by this AMA will get a WL. Just say you were at the AMA. Thanks again @BugzKG. You are appreciated!