AMA Recap: Peet DeFi & CryptoIA

Host: Elvin - Co-Founder of CryptoIA

Guest: John Mac - CEO of Peet DeFi

Segment 1: Guest and project introduction

Elvin CryptoIA: Hello, everyone. We are so excited to have you here today. Let’s invite John Mac, CEO of Peet Defi, to introduce [Peet Defi (PTE) Remapping the Crypto Space] to us.

John Mac: Hi everyone, glad to be here.

Elvin CryptoIA: Thanks for taking your time with us today! We have prepared some questions for you to give us a deeper understanding of Peet Defi.

Elvin CryptoIA: Could you introduce yourself to our community firstly?

John Mac: Sure!

My name is John (Johnathan) Mac. I’m the owner and CEO of Peet Defi (PTE). Pleasure to be here.

For my “regular” 9–5 job, I’m a Financial Controller for a company that owns many SNF nursing homes.

Peet Defi is my heart and sole.

Elvin CryptoIA: Great! Could you talk a bit more about Peet Defi?

John Mac: Sure!

Peet Defi is a decentralized platform on which users can collateralize assets they own to be represented on the blockchain as stores of value. Simply put, this means transforming anything of value into usable collateral to earn returns. We aim to remap the entire crypto space, through various methods, that we will discuss here soon.

Segment 2: Online interview about Peet DeFi

Elvin CryptoIA: We noticed the redistribution of your token. Please may you elaborate how that works?

John Mac: PTE’s smart contract has an overall tax, on every transaction, of 5%. Therefore, every time that our token is purchased, sold, or traded 2% of that total amount is sent to the liquidity pool, 2% is returned to holders of PTE and 1% is burned. When PTE was first launched the total supply was 1,000,000. With this taxation mechanism that means that 1% of the total number of tokens purchased, sold, or traded during every transaction is sent to a dead wallet address and cannot be recovered, decreasing the total amount of PTE within the circulating supply and inherently increasing the value of each token. Less tokens in circulation, with a stable or increasing demand, ultimately means a higher value for each PTE token. We have only deployed a month ago, and have already burned over 4% of our total supply.

Elvin CryptoIA: Thanks for the detailed introduction. What differentiates Peet Defi over competitors?

John Mac: Peet DeFi will compete and overtake leaders in the crypto space with it’s Peet Platform, revolutionary NFT trading marketplace, PTE Staking app, and Cross-Blockchain functionality through its proprietary Path Of Least Resistance (POLR) technology. The Peet Platform will serve as the first crypto authority with the purpose of ending all BSC scams. Among many methods, one of them being automatic contract auditing, as well as a socially governed platform where people may report scams.

Elvin CryptoIA: The Peet Platform will serve as the first crypto authority with the purpose of ending all BSC scams, this is cool. How do you plan on helping end scams?

John Mac: The largest goal of Peet is to implement a system of protection and reporting for the entire Crypto world. Peet will become a security and accountability resource for policing the release of and monitoring cryptocurrency contracts with an automated auditing process. In addition, the Peet Platform will have an integrated feature for reporting potential or known scams and providing investors with a place to turn to when they have legitimately been wronged. The Peet Platform offers a rewards system, based on the level of contribution. We aim to hire lawyers from around the globe, to legally help anyone scammed in the crypto space as well.

Elvin CryptoIA: This will help cerpto world a lot! We would love this.

John Mac: Absolutely, and we are the ones that will finally actually do something about the endless scams.

Elvin CryptoIA: As for the project token, where may we purchase PTE?

John Mac: Glad you asked. PTE is currently available to be purchased on Hotbit, Pancakeswap, Nuls, and will be available for purchase directly from the Peet Platform soon. The links may all be found here https://linktr.ee/Peet_Defi

Elvin CryptoIA: Thanks for the link, then it will be easy for us to get PTE.

John Mac: Absolutely :)

Elvin CryptoIA: I am also wondering what is in store for the future of PTE?

John Mac: Hold tight this is a lot to type.

Elvin CryptoIA: ❤️Sure!

John Mac: Peet DeFi has always been focused on the goal of creating the Peet Platform.

The Peet Platform, which is currently under development and advancing wonderfully, is the integration of all of the functionality of the Peet Ecosystem under one banner.

The first utility to be released under the Peet Platform, is the PTE staking dapp, which is currently live on its test net and scheduled to launch for use very soon.

The staking dapp will be released in two separate phases.

The first phase is the staking of PTE for rewards paid out in tokens native to the Binance Smart Chain. This is what we will be rolling out very soon. The second phase, which is scheduled to be released with further development of the Peet Platform is multi-blockchain staking. This simply put, allows you to stake your PTE and receive percentage based rewards periodically paid out in tokens from multiple blockchains.

Following the release of the staking dapp, Peet DeFi is proud to announce the integration of a revolutionary NFT marketplace, that is currently being developed by our lead developer. Revolutionary, since it will be the first NFT marketplace to offer NFT trading/swapping, as well as incentives that no other NFT marketplace offers. We will release more on this in the weeks to come, but we are overly excited.

Finally, as briefly mentioned, the largest goal of Peet is to implement a system of protection and reporting for the entire Crypto world. Peet will become a security and accountability resource for policing the release of and monitoring cryptocurrency contracts with an automated auditing process. In addition, the Peet Platform will have an integrated feature for reporting potential or known scams and providing investors with a place to turn to when they have legitimately been wronged. The Peet Platform offers a rewards system, based on the level of contribution. For example, a member that provides irrefutable evidence of a scam will earn higher rewards than someone who merely stated that they were scammed.

To put it lightly, Peet DeFi will revolutionize the crypto world and help put an end to all scams.

Elvin CryptoIA: Perfect! Thank you for the great answers!

John Mac: You are most welcome, thank you for hosting this AMA.

Elvin CryptoIA: It is time to move to the Free-asking part.

John Mac: Go for it :)

Elvin CryptoIA: You can send any questions about Peet Defi. Questions from previous AMAs are strictly forbidden and people will be disqualified from participating in the reward distribution.

Segment 3: Free-asking from the community.

Tamera Raymond: What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

John Mac: We created a brand new website, which has a FAQ , as well as all of the necessary information all in one place. Please check out our website peet-defi.com.

Stevens Johnson: What is biggest focus for Peet DeFi at the moment and what is the number #1 priority for the team in the next 6 months?

John Mac: The biggest focus is the completion of the Peet Platform.

To reiterate what the Peet Platform will do for the world:

The Peet Platform, which is currently under development and advancing wonderfully, is the integration of all of the functionality of the Peet Ecosystem under one banner. The first utility to be released under the Peet Platform, is the PTE staking dapp, which is currently live on its test net and scheduled to launch for use very soon. The staking dapp will be released in two separate phases. The first phase is the staking of PTE for rewards paid out in tokens native to the Binance Smart Chain. This is what we will be rolling out very soon. The second phase, which is scheduled to be released with further development of the Peet Platform is multi-blockchain staking. This simply put, allows you to stake your PTE and receive percentage based rewards periodically paid out in tokens from multiple blockchains. Following the release of the staking dapp, Peet DeFi is proud to announce the integration of a revolutionary NFT marketplace, that is currently being developed by our lead developer. We will release more on this in the weeks to come, but we are overly excited. Finally, the largest goal of Peet is to implement a system of protection and reporting for the entire Crypto world. Peet will become a security and accountability resource for policing the release of and monitoring cryptocurrency contracts with an automated auditing process. In addition, the Peet Platform will have an integrated feature for reporting potential or known scams and providing investors with a place to turn to when they have legitimately been wronged. The Peet Platform offers a rewards system, based on the level of contribution. To put it lightly, Peet DeFi will revolutionize the crypto world and help put an end to all scams.

Fan DeFi: In decentralization, We all know that speed is needed, as is the current problem faced by the expensive Eth Gas Fee and the slowing of the transaction process. what are your plans to deal with this problem on Peet DeFi ?

John Mac: Correct, ETH gas fees are ridiculous, which is why we chose the Binance Smart Chain (BSC) network.

Thurman Knapp: Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?

John Mac: Sure, it all began with the original ERC-20 token.

At that time, I was merely an investor, and my only mod privileges was issued for me to ban spam and fud.

The former dev used an exploit in the contract, and drained all of the liquidity.

This motivated me personally to reach out to the former CEO, and offer to take over the company, and he gladly agreed.

Then, I hired an entire new team of devs, fully DOXXed them and ran extensive background checking.

We migrated to the BSC network and created a new BSC contract.

Then, I airdropped an equivalent ratio of the new BSC tokens to all of the old ETH holders, which turned all of our losses into massive profits.

In conclusion, what motivated me was the former devs actions, and I swore to be the one to finally do something about all of the endless scams.

It is with that very thought which motivated me to establish the PTE authority, the first ever crypto authority, with the goal of ending all BSC scams as well as helping to stop any and all scams out there.

Together, we shall remap the entire crypto space into a new place where people do not need to fear or be scammed, a place that is safe for our children to do business with when they grow up.

Tiffanie Conroy: What can we expect to see from this project in the short-term (at some point in 2021) and 2022 and beyond (long-term goals)?

John Mac: In the short term, you can expect to see phase one of the staking app releases, as well as other major project developments.

In the long term, you can expect the fully developed Peet Platform, and all of the goals I previously mentioned to be accomplished.

Elvin CryptoIA: Thanks!

John Mac: Thank you :)

Elvin CryptoIA: The above is all for today’s AMA with Peet Defi.

More Details about Peet DeFi:

Website: https://peet-defi.com

Twitter: twitter.com/defipte

Telegram: https://t.me/peetdefi

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CryptoIA was established in July, 2020. As an influential crypto independent platform, we release the latest news, analysis, ranking and reviews in crypto daily

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CryptoIA

CryptoIA

CryptoIA was established in July, 2020. As an influential crypto independent platform, we release the latest news, analysis, ranking and reviews in crypto daily

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