AmaraLend Beta campaign

If you don’t hear about AMARA — you hear soon when project will BOOM!

Q: When is the Test Campaign?

A: AmaraLend Beta global test campaign is scheduled to launch at 2:00 AM UTC 15th September, 2021, and the reward campaign is planned to end at 2:00 AM UTC 7th October, 2021.

Q: Any airdrops?

A: AmaraLend Beta campaign will airdrop a total 100,1000 MARA for testing volunteers and 500 USDT for our lovely retweeters~ Please find the details in our pinned tweet.

Q: How to get involved in the test?

A: Complete missions and get airdrop!

Simple two steps to participate in the AmaraLend Beta campaign.

Step 1 Get gas fee and test coins in Amara Discord and go to AmaraLend Dapp.

Step 2 Accomplish any action on Dapp will be seen as mission completed: Deposit/Withdraw/Borrow/Repay

Testnet: https://lendtest.amara.link/#/

Testnet completion form: https://t.co/sQXZr3rgPF?amp=1

Q: What network should I use to get Amara faucet for the upcoming testnet?

A: AmaraLend has deployed on the testnet of Moonbeam（Moonbase Alpha V8).

Q: How to get airdrop?

A: There are two kinds of airdrop during AmaraLend Beta:

1. retweet our official launch post and fill the form. https://forms.gle/jbDLzPAM5SpxJgwZA

2. Take part in the test campaign to share 100,000 MARA airdrop.

Q: When distribution?

A: AmaraLend will release the rules of claim within a month after AmaraLend Beta closes. Follow us to get the latest updates!

Q: Where is the AmaraLend deployed?

A: AmaraLend has deployed on the testnet of Moonbeam（Moonbase Alpha V8), and the test coins are DOT, KSM, USDT, BTC.

Q:which wallet is eligible to use in testnet

A: Metamask is acceptable.

Here are the tutorials of how to use Metamask.

https://amara.gitbook.io/amara-finance/amaralend-beta-campaign/untitled/install-wallet

Q: Contract address?

A: Thanks for asking. Amara is an energetic emerging project, and it is still in the global BETA test stage, and the token contract hasn’t been issued yet, so it cannot be traded at the moment. The token contract address will be announced soon in the official community before Amara goes online, stay tuned.

Q：Airdrop session 1 required Polkadot address, session 2 required ERC-20 address, will it be a conflict?

A：Airdrop session 2 for AmaraLend Beta needs your ERC-20 wallet address. No worries for users who left Polkadot address in Airdrop session 1, Amara team will be announce exchange scheme later and keep follow Amara official and get airdrop.

Q:Which chains have you planned to be compatible?

A: During these days, being a Multi-chain platform is an obligation. AmaraLend is a multi-chain protocol planning to deploy on every top-notch parachain within Polkadot. The first Polkadot parachain AmaraLend deployed on is Moonbeam. AmaraLend will be deployed on more chains later. Stay tuned.

Q: In future, do you have any plans to bring some cool Stakings, and Farming’s with good apy?

A: Yes. Staking and Farming for sure! Stay tuned! We have done some testing already. We have been growing tremendously. Things are on track. We expect to get more things done!

Q: What’s the focus of the Amara Finance now?Are there any plans to burn or block unsold Amara Finance tokens? control flexibility, cost and security?

A: We are working on many parts at the same time as we have a dedicated team for technology development, marketing, operation, and business development. Now we are preparing for more interesting functions as well as a multi-chain deployment schedule on top-notch chains within the Polkadot ecosystem. We have burning mechanisms designed for our token to gradually reduce supplies.

Q: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this?

A: We have an experienced and dedicated team with risk and growth in mind.

We are building market fit products with unique features.

We are an early mover within the Polkadot ecosystem that is looking to be the next generation of blockchain.

Q: What are you trying to bring in this crypto space ? What’s your aim in this crypto space?

A: We also want to develop a comprehensive interoperable protocol to make the crypto world more connected as we see very limited solutions have been developed. In the short term, we are looking to become the leading platform for more secure and fast lending and borrowing at a lower cost.

In the long run, we hope to become the liquidity hub in the crypto world by implementing MaraLink. Eventually, we want to become a fully decentralized financial services platform with growth and security in mind.

Q:Why do you think your team can make Amara Finance succeed?

A: We have an experienced and dedicated team with risk and growth in mind.

We are building market fit products with unique features.

We are an early mover within the Polkadot ecosystem that is looking to be the next generation of blockchain.

Q: What’s the features of AmaraLend?

A: The complete version of AmaraLend will be featured:

• Multi-chain Deployment：AmaraLend plans to realize multi-chain deployment on Polkadot top-notch parachain.
• Graded Market: Amara develops both the mainstream assets market and innovation market. The long-tail quality assets will be included in the innovation market to fully release the liquidity. The AmaraLend lending market embraces popular assets within Polkadot.
• NFT Incentive system：Integrae NFT into community positive incentive system to reward active members.
• Cross-chain Bridge：Amara has developed multi-signature aseet cross-chain protocol MaraLink to introduce popular public chains into Polkadot ecosystem. Please refer to our official website for a detailed introduction. We will also list MaraLink on Moonbeam docs for open use.

Q: MARA price?

A: MARA price will be decided by the market, and we have an IDO schedule to list the token. Keep follow Amara and soon we will announce the IDO news!

Q: Where to buy MARA?

A: Thanks for asking. Amara is an energetic emerging project, and it is still in the global BETA test stage, and the token contract hasn’t been issued yet, so it cannot be traded at the moment. The token contract address will be announced soon in the official community before Amara goes online, stay tuned~

Q: What is Amara?

A: — Amara is a multi-chain asset lending protocol within Polkadot ecosystem, focusing on the open and privacy-preserved multi-chain lending market.

- Amara developed a multi-chain deployed protocol AmaraLend and asset cross-chain protocol MaraLink.

- AmaraLend Beta has been on Moonbase Alpha for testing and after which it will be officially deployed on the Moonriver network.

- Amara phasely aims to be the most popular lending hub within the Polkadot ecosystem and introduce assets into the Polkadot ecosystem as many as possible.

Q: What is the Amara team?

A: — Amara team members are mainly from North America and China.

- Amara has a well developed and dynamic team, with more than half of the team members are senior technical developers. The core development members, who are early contributors to the development of Polkadot, are well versed in Polkadot technical architecture with rich project experience in development and management. In addition to the superior technical capabilities, Amara team also excelled in systematically building organic communities and strategic partnerships with an operation team coming from Penta, Nebulas, NYU, etc.

Q: What is MARA?

A: — MARA is Amara’s equity token and governance token, with a total amount of 150 million.

- MARA bridges the Amara product and lays the foundation of Amara’s holographic value.

- MARA can be earned by using Amara lending products or other Amara products.

- MARA holders will be authorized to govern the Amara community and profit from Amara products.

Q: Why I can’t borrow?

A: If you want to borrow, Go to “My assets”, allow the Collateral, make sure the button on the right!

Q: Why did the robot respond but I didn’t receive it?

A: Moonbeam Alpha creates one block every 12 seconds, so the test coin is lining up to go to your wallet, a little patience dear.

Q: Any video tutorial?

A: https://t.co/QUeGDngSTB (English version)

https://www. (Ukrainian/Russian version)

Q: Why excess borrowing(like the photo below)?

A: Pls get in this group if you have an excess borrowing problem.

https://t.me/amarate stnetfeedback

Q: When will the mainnet launch?

A: Pls wait for Amara’s official announcement. The specific date will be first announced on our Official Twitter: @AmaraFinance, please wait patiently!

Q: When parachain?

A: We will not auction the parachain slot, there’s no need for Amara, and we plan to deploy our product on all of the top parachains.

Q: How long will the testnet go on?

A: Testnet will open for quite a long time, but airdrop for testnet will end on oct.7

Q: Will amara support blockchain networks other than polkadot?

A: In the future, we will not only support polkadot, but also other ecologies.

Q: Is KYC mandatory?

A: KYC is not mandatory.

Q: Is amara finance listed already on decentralized exchanges ?

A:

Q: Why is Testnet working slow ?

A: Moonbeam creates a block every 13 seconds, so the transaction confirmation requires a little bit of patience.

Q: What advantages or improvements does the Amara project have compared to other lending projects such as Benqi (Avanche), Uberswap (Celo) ?

A: Amara smart contract adjusts loan interest rate according to liquidity pool utilization rate, each cryptocurrency has different interest rate.

R = totalBorrows (over) : totalLends + totalBorrows − totalReserves

- Total lends equals to the total value of the assets deposited in the Amara Liquidity pool not yet lent.

- Total borrows equals the total value of all the assets borrowed. — Total reserves equals the total reservation (5% of all deposits will be reserved, The long tail asset reserve ratio will be higher).