HolyShock, Community Manager of Hibiki.Finance, dropped by to talk to Kahoobb about the exciting stuff they have been working on and to take some questions from the community. To celebrate the AMA, five members from our community who took part in the question-and-answer segment at the end were selected to win 5 NFTs.
If you would like more information about Hibiki.Finance, please visit their website at https://hibiki.finance/ and their Twitter at https://twitter.com/HibikiFinance.
Kahoobb: Welcome everyone to our Hibiki Finance AMA. I would like to welcome @holyshock
HolyShock: Hey hey, what’s up? Great to be here.
Kahoobb: Hey! Glad you could make it 🙂 Can you give us a little introduction about what your project entails and what your role is in it.
HolyShock: So to sum it up a little, Hibiki.finance is a project committed to making tools and games for the blockchain. It consists of launchpads for new tokens, NFT projects, an NFT Marketplace for BSC and recently (this week!) Cronos, staking, liquidity locking and more on the horizon. Most of these are multichain and the goal is to eventually have every single one of our tools available for as many chains as we can support.
I’m one of the community managers for Hibiki.finance.
Kahoobb: Wow hibiki finance does a lot! So since it originally launched on BSC, what made you guys decide to come onto Cronos as well?
HolyShock: Additionally, we have also created CryptoShoujo, a Play-to-Earn game where people can mint randomly generated AI Waifus and have them fight against others for prices.
We have always planned to be a multi-chain project. All big tokens end up existing in several chains, and since we provide agnostic tooling, it only makes sense to make it available for as many people as possible.
Cronos is a new chain that is currently recieving a lot of attention. Think of Crypto.com’s aggressive marketing campaigns into sports, their new Fortune Favors the Brave slogan and the (incredible) Matt Damon ad. So it made sense for us to go for a first movers advantage since that’s where we can get our mission and tools widely known to new audiences and developers.
To provide an example of our multichain nature, our liquidity locker supports the Binance Smart Chain, the KuCoin Community Chain and now Cronos. Our token listener supports a wide variety of chains aswell.
Kahoobb: Completely agree with you there, being first onto something always has its advantages, and since you said hibiki finance has always planned to be multi chain, it only makes sense. So there seems to be a lot of use cases for $HIBIKI based on what you’ve been saying so far, can you give some examples of utility for owning the actual $HIBIKI token and which use case would you say is Hibiki’s most strongest suit?
HolyShock: Well, all tools on the ecosystem buy back and burn $HIBIKI and there’s a constant small burn from them, so the more it’s used, the more the floor rises. You have to own some modest quantities to use some of the tooling, so there isn’t a single specific use-case. The more any of our tools is used, the more value the token acquires over time.
Kahoobb: Buy backs and burning is something everyone usually wants so that is great to hear! Sounds like there is a huge variety of utility.
HolyShock: Yeah, it happens at a near constant state, so the value of Hibiki is surely but slowly rising at every time.
Kahoobb: Speaking of buybacks and burning, what are $HIBIKI’s tokenomics? Is there 10,000,000 tokens of $HIBIKI on BSC and cronos, so doubling the supply? Or is it 10,000,000 total across all chains?
HolyShock: There are 10 million tokens per chain and that is a limited supply. There are no minting functionalities.
While technically we have thus 20 million, the amount you’ll be able to bridge in the future is going to be limited by liquidity and the quantity on a single chain will never be able to surpass 10 million.
This allows for people to move funds between chains but also will self-balance due to arbitrage oppertunities, which also boosts volume which is very beneficial for LP stakers and game players.
Further more, on the tokenomics side, every buy and sale is taxed 5% for staking and game rewards. Trades between wallets are not taxed. The taxes can be updated, but we are limited by the parameters set in the smart contract, so we can only have a hard limit of 20%. A burn tax and automatic liquidity tax can be added should they be neccesary. Currently, the automatic liquidity tax is disabled on Cronos.
Kahoobb: That’s great, glad to know this was kept in mind! Flexible taxes with a hard cap seems beneficial for investors and hibiki finance team aswell to deliver a great product.
So you mentioned “CryptoShoujo, a Play-to-Earn game” earlier, this seems to be a big part of the project, can you give some details on it such as if the game is luck based or skill based and how would one play a game, what are the requirements, cost of entry, rules and benefits to playing?
HolyShock: To get started, you will need to mint a (very cute) anime girl NFT on https://cryptoshoujo.io/. Our first Cronos collection is currently sold out, but we’ll be announcing our second drop soon or you can just buy one off our marketplace on hibiki.finance/marketplace. You’ll also need to own 1000 Hibiki to play.
When you mint, it’ll generate an NFT with a random name, image, personality type and stats. The personality type and stats are very important as they determine the strength of your NFT against others. More game information, such as type charts are available here: https://cryptoshoujo.io/game-info.
It’s both luck and skill, there’s some RNG involved in damage calculations and enemy matchmaking, but knowing what type to build for is a skill by itself. New game modes are being released such as PvP and Raids and they will rely more on skill and less on RNG, granting you more options on how you want to play your cards.
Inital returns were quite high, some players have been able to earn back the cost of minting. We also offer players to reroll their personality types and stats for a fee in Hibiki. This fee is then transferred to the reward pool. Players can choose to bet some Hibiki to fight up to x5 in leverage, but this also decreases their chance of winning. Should they lose, their losses will also feed the rewardpool. If they win, they make big returns.
Also, rarity plays a part in how strong your NFT can be. Your cards can go from common, uncommon, rare, epic, legendary and mythic. Players can choose to do a rarity break, where they upgrade the rarity of one NFT by sacrificing other lower rarity NFTs. So yeah, there’s quite some depth!
Kahoobb: Wow! Looks like a lot of work has gone into this NFT Game, sounds very fun though, I will be waiting for that second cronos NFT drop to get involved with all this fun!
HolyShock: We’ll be announcing it soon, so get your CRO ready!
Kahoobb: Good to know! Very exciting! So as we’ve learned that Hibiki finance offers a huge variety of unique features for investors to enjoy, it feels like hibiki finance could be a everything in one place, one stop shop for crypto, do you have any future plans to add anything else to your site that could also benefit investors in a different area?
HolyShock: Yeah, we have a lot of plans to achieve exactly that, a one-stop-shop for crypto. We want people to be able to create and launch secure tokens from our site, empower artists and others to create and manage their own NFT collections, aggregate routers and price checking. Basically, we want to become a DeFi and NFT dashboard of sorts.
Kahoobb: That’s amazing, it’s always nice to use one single platform for all your needs due to simplicity. So before we go to the community’s questions, would you like to share with us your social media links, website, etc.?
HolyShock: Of course, our socials are:
- Telegram: https://t.me/hibikifinance
- Discord: https://discord.gg/aat8wgXX
- Twitter: https://twitter.com/hibikiFinance/
And everything is available on hibiki.finance .
Kahoobb: Hibiki Finance is also listed in our project directory, if you’d like to support them, you can go give them a vote, comment etc. https://thecronicle.com/cronosprojects/.
Kahoobb: I will now unmute the chat so the community can ask questions @HolyShock please go ahead and choose the top 5 questions you’d like to answer, and those will be the winners of the giveaway today! Hibiki Finance is sponsoring the giveaway and our winners will receive from the prize pool of 5 Hibiki finance NFTs! I’ll then mute the chat back up for you to answer their questions!
We will DM the winners, and collect their wallet addresses, and then we will post tx id’s as soon as our accountant does our weekly payroll. Once the 5 questions have been answered, feel free to stick around and chat with the community if you’d like, we’d love to have you here! When asking your questions, please put this ☀️ emoji ☀️ in your question so we know you aren’t a bot. Thanks!
HolyShock: Alright, let’s hear ya’ll.
Kahoobb: Chat is opening up now!
Community Question #1
Kripto Zamanı: Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues? ☀️
HolyShock: Yes, we recognise that security and anonymity are one of the core foundations of blockchain technology and we wish to accomodate those foundations using our tooling.
Our developer Fuwa is working on a smart contract for Over-The-Counter trades for both tokens and NFTs, for people wanting to bypass marketplaces or liquidity pools and do a trade directly with a peer.
This escrow contract is trustless and only fulfils the trade when the set conditions are met, preventing either party from scamming each other.
Community Question #2
Den Morrison: As we know, The biggest NFT marketplaces are competing to get NFT artists to showcase their work on their marketplaces. What is HIBIKI Finance value proposition for the art or the creative industry? ☀️
HolyShock: Compared to the competition, we currently offer the most free and open marketplace experience. There are no required NFTs to buy and sell NFT collections.
We want to have artists use any blockchain to expose their art and offer creators the freedom to set the amount of royalties that they receive.
Community Question #3
Tao warret: Could you briefly explain how each NFT will be transferred from one user to another through your project, and methods used to ensure the protection of user’s NFTs from being lost? ☀️☀️
HolyShock: As answered previously, if you want to transfer an NFT from one user to another in a trustless manner, you can do so using our escrowing contract.
You can also transfer NFTs through the Hibiki NFT manager, where you select the NFT that you want to send and then you can send them to another wallet with a simple click. This works on any EVM-compatible chain.
Community Question #4
Andy: In CryptoShoujo the PvP and PvE game modes will be enabled. How many NFT characters are necessary to start playing? ☀️
HolyShock: PvP will require a team of 4 characters. PvE will only require one. In the future, we’re also adding group PvE and 1v1 PvP.
Community Question #5
Benny N.: First of all, thanks for the AMA! You guys focus on so many different areas, I respect that. I have checked out your NFT marketplace (wanted to trade CRODrakes) and it’s currently still in it’s infancy to be honest. Wouldn’t it be better to focus more on finishing one or two products first instead of launching everything at the same time? Really looking forward to the waifus, as I’m a big anime fan haha! ☀️
HolyShock: We have different devs working at different speeds, so whenever a blockchain tool is available for use we believe it’s better to just launch it and iteratively improve it over the time rather than be a vapourware project never delivering with the excuse of trying to be perfect.
Keep an eye out for updates, we’re working very hard to iterate on our offerings and a better UI and UX experience for the Marketplace is on the way!
Having an MVP allows us to gather more user feedback and to push the product to places where everyone is a lot more comfortable, wheras launching after a long time a finish and polished product that is not actually liked by users means a lot of wasted time and resources that is harder to pivot.
Kahoobb: Great answers! @HolyShock Thank you so much for taking time out of your day to tell us about hibiki finance! The chat is opening up now and feel free to answer any more questions if you’d like and hang out here!
HolyShock: Great questions, thanks for the opportunity and I hope to see people discover Hibiki and its tooling! 🙂