Trang chủ Tin Tức AMA Recap with Cherry Network

AMA Recap with Cherry Network

A complete account of the tokenomics can be found on https://cher.to/cherrynomics

Question: IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?

Mr.Jacobs: I’m aware most people are in crypto for the easy money and trading does matter a lot! However, what we’re building at Cherry transcends any price activity.
If you, like us, believe crypto is here to stay, and agree that the features I just described above make building complex dApps easier, then that’s all that matters! In the long run, real value always prevails and whether bears or bulls, on the moon or on earth, Cherry will endure.

Question: Security audits are extremely important for any project, especially DeFi protocols that deal with user funds. So, can you explain if your project has been audited to convey confidence and security to the crypto community that is interested in investing in your project?

Mr.Jacobs: Cherry is an ongoing effort that has involved dozens of people over the past year to improve and perfect our innovative technology. We take security very seriously and we agree that fancy features only really work if founded on stable principles and processes. This is why we take pride in our rigorous testing standards which we hope shall guarantee a stable product for everyone. We are also open source, so anyone is able to check and review our code, and help us improve and adapt our code over time.
Our developer alphanet has already been running for several months with only minor hurdles. We plan on engaging our whole community in the next testing step by releasing our public testnet in the coming days. It will only be after several months of continued monitoring and review of our testnet network’s stability that we’ll finally decide that we’re ready to release our final mainnet.
This very slow, deliberate process is one which makes for solid infrastructure people can count on. This is the best way to guarantee a stable technology for everyone to leverage with peace of mind. As a layer one blockchain, audits don’t particularly apply to us (as they would on a smart contract) because our codebase is very large/broad, and upgradable. Smart contracts, on the other hand, are immutable pieces of tiny code which execute functions mindlessly.

Question: Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?

Mr.Jacobs: We recently closed our private sale! I’m not sure if I mentioned this earlier, but we’re really proud about the partners that came on board on our project! You can find the complete list of investors on our blog (https://blog.cherry.network/cherry-private-token-sale-successfully-completed-325dc625be2a) but I can point out a few such as Protocol Ventures, Shima Capital, Figment.io, Coral Capital, and, more recently, Varys Capital as outstanding industry leaders that will certainly help make Cherry a real success.