The First AMA Recap: CryptoTitans x Trava. Finance| July 4th, 2021

On July 4th, 2021, Trava.Finance team held an AMA on the CryptoTitans community with the attendance of our CEO, CTO. The one-hour-long event was an excellent opportunity to give more information to a large audience about the project and the team, what we’ve been up to, and how we plan for the long-term development. After the Introduction of AMA, the chat box was opened up to the community to ask us anything. The total Reward Was $100, and it was split among 10 Winners who have the best questions. We would like to thank CryptoTitans for inviting us. We had a great time talking with everyone, and here is a recap of the entire conversation.

AMA — Trava.Finance x CryptoTitan's

Trava. Finance team attendees:

Dr. Minh Nguyen- CEO, Co-founder & Dr. Lam Do- CTO, Co-founder

Q&A

I. Introduction questions from CryptoTitans

1. Can you please introduce yourselves to the community.

My name is Minh, CEO & Co-founder of Trava.Finance. I completed a Ph.D. from Slovak University of Technology, Slovakia, in 2013. My research interests include distributed systems and data analytics. I have participated in many research projects funded by the European Commission, Slovakia government, Japanese government, and enterprises. With Trava. Finance, our team aims to provide a novel lending protocol for the users based on Data analysis to enhance user experience and encourage greater participation.

My name is Lam, CTO & Co-founder of Trava.Finance. I received a Ph.D. degree in Computer Science from Vienna University of Technology, Austria, in 2017. I have been developing many blockchain-based solutions as well as publishing novel results in top-tier conferences and journals.

2. Can you provide us with a brief description about Trava.finance?

TRAVA is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their parameters such as borrowing/lending interest rate, liquidation threshold, loan to value ratio, or a limited list of exchangeable cryptocurrencies/other digital assets, TRAVA offers a flexible mechanism in which users can create and manage their lending pools to start a lending business. Furthermore, TRAVA also provides the credit score function based on financial data on-chain analysis as a helpful tool that reduces risk and increases profits for all users.
You can follow our project at such channels like:
- Twitter: https://twitter.com/trava_finance
- Group chat: https://t.me/trava_finance
- Channel: https://t.me/trava_finance_official
- Medium: https://medium.com/@trava.finance
- Reddit: https://www.reddit.com/r/TravaFinance

3. Could you tell us about the Trava.Finance roadmap for now? How far has this project been developed?

At the moment, Trava offers a full basic service that allows users to create pools and interact with pools at https://app.trava.finance.
We have deployed Trava.Finance Smart contracts on the Binance Smart Chain network.
- In Q3 2021, we will launch the beta version of the credit score.
- In Q4 2021, we support Beta version NFT auction and cross-chain protocol.
In the future, we would like to cooperate with data providers in the AI field for our data analysis system, alongside the model we’ve been developing to diversify the data analysis process. In addition, we would like to make partnerships with data providers or data services to improve our analytic results. Partnership with cross-chain platforms is one of our priorities at this moment.

4. So many projects in crypto now are similar, can you please state who your biggest competitors are and how you offer better, more unique solutions? Can you share with us what are the competitive advantages of Trava Finance compared to other projects?

There are many big players in this domain, such as Compound and AAVE. However, we believe that there are still many opportunities for new solutions, such as Trava. Our main differences between Trava and existing solutions contain:

1. Trava allows users to create their pools with their parameters such as borrowing/lending interest rate, liquidation threshold, etc.
2. Trava provides credit scores for users. The pool owners can define a credit-score threshold for borrowers to reduce the lending risks and set a high loan to value ratio for borrowers having high credit scores.
3. NFT, stock tokens, and other digital assets as collaterals: to increase the liquidity.
4. Cross-chain identification and cross-chain lending: Trava can identify all wallet addresses of the same users on different chains. As a result, users can use up all of their cryptos as collateral for a huge loan in a single transaction.

5. As I know this project is relatively new, you’re just getting started. Can you tell us about the progress you have made so far? What has been the most important update of the moment and what are you currently focused on?

Thanks for the question. Currently, we have already provided MVP running on BSC. You can get experience to become lending pool owners by testing our MVP. You also can configure the pool parameters as you want during the pool creation process. Next month, we will provide the credit score function (alpha version) for TRAVA. In this way, you can increase your credit score by depositing tokens into TRAVA’s pool or create your lending business by creating your pool. Note that the score will be used as a basis evaluation metric when you borrow tokens in the future. In the Q4 of this year, we plan to offer the entire knowledge graph that serves the data on-chain analysis. With the function, we can recommend possible risks for users and thus increase the profits for our users.

II. Questions from the Twitter

1. In what ways will TRAVA FINANCE reward those who provide liquidity for spot trading and Lending of assets on TRAVA FINANCE? And what strategies do you have to bring in more liquidity to assets listed for spot trading on TRAVA FINANCE? (From @Lidiamga)

Very interesting question!
Firstly, we will provide a certain amount of liquidity into the Trava pool, which is similar to other lending projects.
Next, based on pool creation functionality, owners can create new pools, then provide liquidity for their own pools. We offer incentive programs to promote users to provide liquidity, so when users provide liquidity in TRAVA pools, they would receive TRAVA tokens as incentives.
The details of the incentives programs will be updated to you ASAP. Please join our official channels.

2. What can I do to assist in the development of #Trava finance project? Do you have a way of involving Community members to participate actively in projects apart from GOVERNANCE? (From @Mughal78068060)

Nice question. To us, community always comes first. You can start and manage your own lending business by creating your own pool or simply by depositing crypto in one of lending pools in TRAVA.FINANCE. By this way, you not only assist the development of TRAVA, but TRAVA also brings you huge benefits from lending and borrowing.
According to our roadmap, we will provide a Governance program for our validator nodes in the next year. You can stake TRAVA tokens to get the voting right in the program. We will also create a Trava’s tech support channel on Telegram to call support from the dev community. Please follow our news on the official Trava channel at https://t.me/trava_finance. We look forward to receiving your help.

3. We’ve had serious issues with rug pulls from tokens lately and honestly, it’s nothing to laugh home about. My first question is, how secure are our funds with #Trava_finance ? Are our investments safe? (From @drstrange202)

I like this question. It allows the community to believe in our project.
We’ve contacted Hacken, Haborn, and others to audit our code. They will review our code to ensure the risk ratio is the smallest. In addition, we also have a strong security team containing PhDs, experts to audit our code internally. We will also call the support from the community by organizing security Bounty programs, thus making Trava more secure and decreasing risks for our users.
TRAVA offers an inclusive credit rating model with various financial factors. Credit score provides users with the accuracy in assessing accounts’ creditworthiness and the risk of default. TRAVA also performs data analysis based on the cross-chain knowledge graph and other data sources and assists users in detecting and alerting unusual transactions in their pools. In the near future, pool governance not only belongs to pool owners, but also TRAVA’s community. Hence, the risks of depositors will be minimized.
We always try our best to make our community comfortable

4. Please explain Trava Finance to me. How important do you think interoperability between ecosystems is for the future of blockchain technology and how do you pave the way to that future? Does the mission represent the desires of many communities? (From @Kozmikci1)

We’ve already explained about Trava Finance in a previous question. But you pointed out a very important problem in blockchain now.
About interoperability, it is a very important thing for blockchain’s ecosystems in the future from our point of view. For Trava, it is also the most essential thing that we deal with. The main reason is that Trava offers data analytics functions for users. The typical example of the functions is credit score. Thus, we have to gather data stored on different chains in order to do analysis effectively.
On the other hand, we are also able to mortgage assets from different chains without moving the assets to BSC or Trava network (in the future). For two functions described above, Trava must deal with the cross-chain problem. We have plans to provide a bridge in layer 2 to enable the interoperability feature. We believe that the mission represents the desires of many communities in general, and for Defi’ users in particular.

Any plans to make your project on Polygon (Matic)?

Yes, we will implement the cross-chain function (enabling the interoperability) for Trava. In this way, Polygon (Matic) is also our choice to connect to in the very near future. We hope that our community will be happy to get experience with our provided function.

5. Since then, the problems associated with Decentralized Exchanges are poor liquidity infrastructure, unattractive trading interface, poor customer support. From a technical point of view, does Trava Finance have a long-term solution to the problems listed above? (From @asepsur58799258)

Thanks @asepsur58799258 for an important question. We have many plans to address this problem. First, we position Trava as a lending pool marketplace, allowing users to create their own lending pools. This makes pool owners focus on their business model, improving the utility of tokens that are specified in their pools, etc
Next, we also have a long-term strategy for our tokenomics, roadmap, and milestones to develop Trava into a leading app. For example, in terms of liquidity, in addition to promoting campaigns for lending pools, we also develop a reward mechanism for Trava as well as pool owners to encourage users to deposit and borrow on lending pools of Trava. Trava will always improve over time to provide users with the best experience and profits.

III. Live questions from the Telegram community.

1. Are you a well-experienced team and devs? Can you tell us more about team background and are they anonymous? (From @MJKING4)

Having been established since 2018 with initial 20+ members, our team has gathered outstanding specialists and individuals in such domains of blockchain, finance, risk management and law as well. You can find out more about our team on our website: https://trava.finance/.

2. How do we members contribute to the utmost success of your project?
(From @Bullkq)

To us, community always comes first and we would like to become a community project soon.
As a user, you can do a lot of activities to contribute to the sustainable development of TRAVA by participating in borrowing on the platform, creating pools, depositing money into pools and participating in other activities such as AMAs or mini-games. We would greatly appreciate your participation.
As a dev, you can join our technical support group on telegram to give contribution to the development of our project, so we can improve our solutions. Smart contracts of Trava are deployed on BSC network. The code will be published on Github later for everyone to contribute in an easy way. According to our roadmap, we will provide the mainnet in the next year for Trava data. In this way, DAO function will be enabled to manage the Trava network. We would like to bring Trava to users as a community project as soon as possible.

3. At TRAVA FINANCE the lending process can have any collateral types including NFTs, how can NFTs work as collateral of any currency if they are not fungible? The amount of the currency that can be lent would depend on the momentary price of the NFT complete? (From @AnisurRuman)

We will provide the auction function for NFT assets. Thus, the NFT’s owners can open an auction session to price the NFT. The auction winner can buy directly the NFT or he/she can join in a collateral smart contract by locking their NFT’s payment. In this way, we can price, and put NFT into the lending process. Besides, our approach also helps increase the liquidity for NFT because the assets can be used in the lending business in an easy way. We also avoid the price fluctuation of NFT because the NFT has been priced in the auction contract before.

4. Can you describe the use of your token on your platform? How is it possible to get your token? (From @hansulo)

We issue TRAVA tokens based on Binance smart chain’s BEP-20 standard; the total supply is 500 million. These TRAVA tokens can be used in:

1. Reward: Pool owners can set up rewards paid by TRAVA token. Thus, lending pool depositors will earn rewards by TRAVA token.
2. Collateral and lending: Users can use TRAVA as mortgages. The users also loan TRAVA.
3. Payment for lending fees: Users can pay pool lending fees by TRAVA.
4. Payment for pool management: Pool owners can pay for the pool creation, update (e.g., pool parameters, add/remove tokens, …), and pause by TRAVA.
5. Payment for auction deposits: in the NFT auction process, TRAVA can be used as a locked asset.
6. Payment for auction organization: To perform all auction actions for NFT, the NFT’s owners (auction organizers) can pay the auction fees by TRAVA.
7. Staking for a data validator: To store credit data stored on the knowledge graph chain, the data must be confirmed by validators. The process is built up to eliminate redundant, unnecessary, and unsecure data. The knowledge graph data validators stake by TRAVA.
8. Staking to participate in the governance process: TRAVA.FINANCE will become community solution, thus the TRAVA.FINANCE’s rules are elected by participants, who hold TRAVA’s token.

5. There are three core issues in encryption and blockchain technology, namely security, interoperability and scalability. How does $TRAVA overcome these problems? (From @fuctele)

We build and develop TRAVA on the foundation of the Knowledge Graph idea that enables semantic interoperability and offers a unique solution for comprehensive and profound interoperability in both data and functionalities. So TRAVA already had a strong base in data interoperability in blockchain networks. The Knowledge Graph, which is responsible for storing and representing aggregated data from multiple blockchain networks. In this Graph, rather than detailed transactions, statistical and aggregated information on transactions is calculated and stored in that transfer relationship. So Knowledge Graph helps TRAVA to ensure scalability.

About security, we’ve contacted Hacken, Haborn, and others to audit our code. At least two partners will review our code to ensure the risk ratio is the smallest. This is a very important action during TRAVA’s development process. Besides, we also have a strong security team to audit our code internally.

TRAVA offers an inclusive credit rating model with various financial factors. Credit score provides users with the accuracy in assessing accounts’ creditworthiness and the risk of default. TRAVA also performs statistical data analysis based on the cross-chain knowledge graph and other data sources and assists users in detecting and alerting unusual transactions in their pools. In addition, in the near future, pool governance not only belongs to pool owners, but also the TRAVA community and the community of those pools. Hence, the risks of depositors will be minimized.

Mr. Lam
The last part is very impressive with many excellent questions.

Mohamed Rabea
It was pleasure having you here Mates and thanks for your detailed answers & We all hope great future for Trava Finance.

Mr. Lam
Thank you so much for joining us today!
It’s a great honour for us to be able to participate in this AMA with Crypto Titan’s community!
You’re amazing with such insightful questions. We really appreciate it. Knowing you’re interested in the project is a huge motivation for us to improve our service.
We’d also like to thank the Admin team for your whole-hearted support.
Wish you all the best!
You can find more information about our project and catch the latest news in the future on our channels.

Mr. Minh
Thank you, everyone! There are a lot of nice questions. We cannot answer all in a very very short time. Please join our channel to allow us to reply to you.

Thank you for reading this AMA recap. We hope you gain more information about our project. We will have more interesting events in the near future, so stay tuned and follow all of our channels for regular up-to-date information.
Website: https://trava.finance/
Group chat: https://t.me/trava_finance
Announcement: https://t.me/trava_finance_official
Twitter: https://twitter.com/trava_finance
Medium: https://medium.com/@trava.finance