On the 20th of December, HeroFi held an AMA to announce very important HeroFi events in the near future, as well as to answer community questions about our Roadmap.
Miss Jennie, HeroFi’s CMO, is in attendance at this AMA.
The AMA event, in particular, lasted 5 hours and included participants from the Global, Chinese, Filipino, Brazilian, and Vietnamese groups.
Each group’s top five questioners receive $100.
Now, let’s get into the meat of this AMA series.
- Part 1: Introduction
- Part 2: 5 Question in Free Asking
Before attending the AMA, you can review the most recent Roadmap update, which includes new features such as “Add Liquidity,” “Stake,”…
HeroFi: Joining the AMA today is Jennie Tran – Our lovely CMO
Jennie: Hello everyone! It’s great to be back at the AMA with you today.
HeroFi: First, can you explain about “add liquidity” and “stake” features, Jennie? I see that up to now, many people still don’t know what to do with ROFI locked as well as get updates on upcoming features?
Jennie: First, I will remind you about ROFI locked and unlocked for everyone to understand. Initially, each day will be allocated an amount of 288,000 ROFI. Every week, the total supply will decrease by 2%, it means that, the week after will have total ROFI supply that equals 98% of this week, week 3 equals 98% of week 2.
When claiming rewards, users will receive 20% ROFI unlocked of the total 100% reward. You can use ROFI unlocked to buy gold, buy tickets to participate in Arena, upgrade stars for heroes,… The 80% remaining is locked, you will have to wait until the “”add liquidity”” feature to be able to unlock these ROFI and use them.
HeroFi: Many users do not fully understand this liquidity add and stake feature. Can you explain more about the mechanism?
Jennie: The mechanism is as follows:
We have the formula: Number of ROFIs unlocked per block = Amount of LP to stake x Coefficient (fixed)
The more you stake, ROFI unlocked in 1 block will be more (but there will be a certain limit) From here it is inferred, how many ROFIs you want to unlock, you will need to wait for a corresponding block period depending on the amount of LP you stake.
The more liquidity you add, ROFI unlocked in 1 block will be more , the faster the unlocking speed will be. This process will take place until you have unlocked all the locked ROFI or when you withdraw your liquidity. If after adding liquidity, you only withdraw an amount, the ROFI unlocking speed will slow down, the amount of ROFI unlocking per block will also be less.
The simplest, you add liquidity pairs and stakes for a period of time to receive the corresponding amount of ROFI. You will wait until the locked amount of ROFI is unlocked, you can withdraw the liquidity pair. That way you not only lose nothing but also get your ROFI lock amount.
New features are coming soon.
HeroFi: But as far as I know, at the beginning of March HeroFi will stop paying 80% of ROFI locked, right? So users only get 20% ROFI unlocked and no other 80% ROFI lock?
Jennie: That’s right.
From the beginning of March 2022, HeroFi will stop paying 80% ROFI locked. Users will only get 20% ROFI unlocked. The feature of adding liquidity and staking LP is still maintained but only for users who own ROFI locked before March 2022.
According to the roadmap, when releasing the next games in Multiverse, the allocation of ROFI will also be reallocated and divided among the games. Thus, the total supply of ROFI will be less and less, while in the near future, HeroFi will launch many new features to help increase the use of ROFI. Thus, owning ROFI in the long run will benefit users, especially when the supply of ROFI to the market gradually becomes scarce.
HeroFi: Thank you Jennie. What about buying and selling NFT items? I heard about the sale of Blind Box and Special Box. Can you share more?
Jennie: The first is the sale of the Items boxes. We have 2 types of boxes: Blind Box (with hidden random items) and Special Box (special items).
- For Blind boxes, users will buy them with ROFI. The amount of ROFI collected will be burned
- For the Special box, users who meet certain conditions (to be announced later) are purchased with BUSD. The amount of BUSD collected will be used to add liquidity. In addition, HeroFi will open and sell other NFT Items with ROFI in the market. All details about the items as well as the opening and sale schedule will be announced as soon as the information is available, but all will be expected in this December.
HeroFi: Does separating Heroes like that have any effect on raising stars or levels of heroes, Jennie?
Jennie: From now until the establishment of the separating Heroes feature, the upgraded Heroes will be preserved. For example, you raise your Hero’s star from 4 stars to 5 stars and attach tickets to them, like so you will have a 5-star Heroes in both games.
Hero’s star will be preserved and when the Heroes seperating feature is established, your 5-star Hero will also be seperated into 2 5-star Heroes at HeroFi and Legend Guardians. So, for those who have attached Essence and raised their Heroes, if you intend to continue to raise Hero stars in the future, try to raise them to the highest star level you can at the current time. This is to help you avoid having to upgrade stars twice in 2 games when the NFT Items separation feature is introduced.
For users who have not upgraded Hero star and intend to play Legend Guardians, I also recommend that you upgrade while Hero prices and Essence prices are cheap.
The ROFI Multiverse project has officially begun.
HeroFi: If separated into 2 separate NFT Items like that, for new users to play Legend Guardians game, should they buy Legend Guardians’ Hero directly on the market or buy HeroFi’s Hero and attach Essence? Which option will be the most optimal for Users?
Jennie: This depends on many factors. For completely new users, it is more convenient to buy Legend Guardians Hero directly on the market. Players can always play without going through the ticketing process.
However, if the total Hero price at HeroFi and Essence price is cheaper than the Hero price at Legend Guardians, users can choose to buy Hero at HeroFi and then attach tickets to save more costs. This depends on the market price of Heroes at the games as well as the ticket price.
Users will balance themselves to optimize costs for them. As for users who own Heroes at HeroFi, buying Essence will definitely be more optimal than buying Hero at Legend Guardians.
HeroFi: Thank you very much Jennie. Next we will come to the Live questions section. Please allow me to pick 5 questions from users for Jennie to answer.
Community: Can I withdraw the liquidity when the locked amount hasn’t been fully unlocked?
Jennie: Yes, you can withdraw your liquidity at any time during the unlocking process, but this will slow down the completion time and if you withdraw all the liquidity, the unlocking will be stopped.
Community: When will be the official release of Legend Guardians?
Jennie: Legend’s official version will be released on January 5
Community: Can I join Legend Guardians without buying HeroFi hero and Essence?
Jennie: You can join Legend Guardians by buying Legends heroes right on the marketplace, without having to buy HeroFi and Essence heroes.
Legend Guardians now has an Openbeta version.
Community: So when I have 2 heroes seperated in 2 games, do I need to upgrade star for each hero or I just need to upgrade 1 hero and the other will automatically updated?
Jennie: Heroes will be separate, once the update is officially released, you will have to upgrade each hero for each game.
Community: Are there any events currently to earn Essence or rewards?
Jennie: Currently we have Essence League for HeroFiers to race Arena top in season 11 and 12 and the rewards are 200 EP ( 50 000$++).
- In addition, our Airdrop with rewards of more than 200 2 star Legend Guardians heroes is taking place.
- Join us now at: https://linktr.ee/essencepoints
HeroFi: Thank you Jennie for taking the time to answer users’ questions. Do you want to say anything to HeroFi users before we finish the AMA?
Jennie: I want to say thank you to all HeroFiers who stayed and went with HeroFi through this difficult time. I want to say, the hard times are over and now, the HeroFi team has been, and will always try their best to bring good news and the best experiences to our users. Hopefully with the recent information, users will have a clearer view of the upcoming roadmap of HeroFi as well as Legend Guardians and will make the best decisions. Wish you have a good evening. See you all in the next AMAs.