Telegram AMA Recap: CoinSwap
Time: 1PM UTC | Oct 20th
Project name: CoinSwap
Host: Reginald from BSC Army
Guest speakers: Lucas – Representative of CoinSwap
Segment 1: Introduction
Segment 2: Twitter’s questions Lucas
Segment 3: Live Q&A
Reginald: We will start this AMA session with CoinSwap in a few minutes. Hope everyone will take a moment to monitor and evaluate the investment opportunity. You must follow the following channels in order to participate in AMA:
Join CoinSwap Telegram (https://t.me/Coinswap_EN )
Join BSC Army Telegram (https://t.me/bscarmychannel)
Follow CoinSwap Twitter(https://twitter.com/Coinswap )
Follow BSC Army Twitter(https://twitter.com/BARMY_Official)
Welcome @CoinSwapBull – Representative of CoinSwap. How do you feel today?
Lucas: I’m doing well today, honored to be here with your great community to tell them more about CoinSwap.com and how we’re pushing the DEX world forward!
Thanks for having us!
Reginald: Our AMA today will be divided into 3 main segments
Segment 1: Introduction (5 question)
Segment 2: Twitter Questions (5 questions)
Segment 3: Live Q&A (4 questions)
So, we will start now.
Segment 1: Introduction (5 questions)
1. An overall introduction to CoinSwap.com, including vision, functions, etc
Lucas: Launch Time: CoinSwap.com officially launched on BSC on Sep 13th.
Mining Launch Time: CoinSwap.com will officially launch mining function on Oct 20th at 1:00 PM UTC.
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” that can easily allow users to migrate the liquidity previously provided on DEX.
Node NFT: Each node will become the unique NFT system of CoinSwap.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com directly.
Deductible Fees: Coins can be used to deduct 50% trading fees. The trading fee can be as low as 0.15%.
Market Data: Query Token market data anytime, anywhere.
DAO Governance: Users who hold COINS can initiate and vote on the system. Related proposals include block rewards, halving cycles, new token launches and adjustments to liquidity weights of trading pairs, etc.
Reginald: Cool, I’m looking forward to it
2. What is the difference between CoinSwap.com and other DEXs?
Lucas: The First DEX with NFT and Supernode NFT
Users can earn cashback through building their own ecosystem within the larger CoinSwap’s ecosystem and help build ecology. Unlike other platforms CoinSwap rewards users with referral rewards by helping build CoinSwap.com’s family but while also enriching themselves by generating revenue in CoinSwap’s token, COINS.
There’s no other DEX yet that allows users to build their own ecosystem and DEX within a larger protocol. This internal community that users can build through NFT and Supernode NFT is the future of the DEX world, why would users want to experience DeFi anywhere else?
Advanced Trading with Professional Settings
CoinSwap’s DEX is extremely rare not because of the NFT and Supernode NFT functionality but for other reasons as well. One major reason CoinSwap has separated itself from the competition is the ability to trade with professional settings on CoinSwap.com’s advanced trading protocol.
Users can experience trading on a DEX for the first time and will benefit from the k-line functionality and the ability to see the depth of the market in real-time.
These features allow users to trade with the traditional CEX benefits but through a decentralized protocol and gives users that the blockchain space was built for the inclusivity they deserve in financial markets.
Pay for Trading Fees in COINS
Users will notice that when trading on CoinSwap users can pay for their fees through COINS. This is a net benefit for token holders and those providing the ecosystem with liquidity because with every transaction some of COINS’ supply is burnt.
This model is much like EIP-1559 that just recently launched on the Ethereum network, which is a deflationary mechanism to reduce Ether’s supply over time. This same system has been implemented by CoinSwap and this is the first DEX in the entire world that has such an innovative system to provide sound tokenomics.
Staking – COINS, Volatility-Reward Locked
It’s important to understand that when staking, COINS price rise and fall and will affect the amount of a user’s locked reward while also being a good control on the circulating supply of COINS.
Advantage of CoinSwap.com
Based on AMM, CoinSwap.com realizes a high utilization rate of funds, low slippage and small risk of impermanence. It also realizes the exchange between crypto currencies, as well as various mining such as liquidity mining and trade mining mechanism, creating a high-performance composite DEX ecosystem.
CoinSwap supports one-click migration to share liquidity. Users can continue to earn LP rewards, also COINS as extra rewards.
Invite friends to get transaction reward and mining reward.
Each node and supernode are regarded as CoinSwap.com’s unique NFT system.
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.com has the commission deduction and destruction model.
Customize Your One-stop DeFi Platform
Users can customize your one-stop DeFi platform integrating DEX, NFT, DAO, etc., which is more efficient, more convenient and more innovative.
Reginald: Yes, i feel very excited
Lucas: Sure, thank you!
3. Please introduce the nft of CoinSwap.com.
Lucas: Non fungible tokens [NFTs] are one of the most talked about and newly popularized functions of a blockchain and have grown extremely popular over the last 12 months.
CoinSwap’s decided to capitalize on the ability and beauty of the NFT and has created a community based on NFT and Supernode NFT which enable users to trade the ownership and benefits of the ecosystem they’ve personally contributed to and built.
While other DEXs are relying on copying and pasting protocols from other DEXs like Uniswap or Pancakeswap, CoinSwap is rooted in innovation and pushing the DEX space forward. That’s why CoinSwap launched the Supernode NFT – Supernode NFT enables people in the blockchain space that have built a community and are well known to capitalize on their hard work by building their own ecosystem.
The Supernode NFT ecosystem is personable and allows users to create their own ecosystem inside the larger CoinSwap ecosystem while also earning rewards by growing the aggregate CoinSwap family or community. This is a way for CoinSwap to thank all of the great blockchain enthusiasts that have helped to build this space and they will help build CoinSwap because the trading fees are as low as .15%-.50%; why would any DeFi want to participate in another DEX?
This is the most practical use for an NFT yet and this attracts people that see real value with NFTs outside of art. This is one of the most innovative ideas in the blockchain space of all of 2021. Supernode NFT is an independent ecosystem that is transferable and can yield continuous value.
How to apply supernode NFT?
Supernode NFT is an important global promotion method for CoinSwap.com. Supernodes need to be created with COINS. Supernodes must support and agree with our philosophy and development direction.
Twitter KOL: No less than 10k followers.
Youtube KOL: No less than 10k subscribers.
Telegram group owner: No less than 2000 members.
Others: CoinSwap.com LP holder TOP100. Wallet or index or other individuals and institutions who want and have ability to promote CoinSwap.com.
This LINK is specific to BSC Army, please use this link friends!
Reginald: Wow, i always feel excited about nft projects!
4. Tokenomics and mining rules of CoinSwap.com
Lucas: COINS Tokenomics:
The maximum total amount of COINS on BSC is 1 billion, of which 10% is used as team rewards for team operations, technology research and development, etc.; 7% is used as a foundation reserve to support subsequent related investment and financing, partners and construction and improvement of ecosystems, to provide more sufficient and beneficial resources for the development of CoinSwap.com; 1% is used for market operation promotion and brand building; 2% is used for airdrops, bug bounty rewards, supernode NFT rewards, community rewards, etc.; the remaining 80% is used for liquidity mining, transaction mining, and single mining on BSC.
COINS will be released by staged mining. Genesis mining is expected to release about 10% of the total amount on BSC, which is 100 million COINS. The mining halving cycle is 2 months, and the initial single block unlocks 26.0417 COINS. It is expected that genesis mining will be suspended after at most 2 halvings.
Token symbol: COINS
Lunch period: 12:00(UTC), 20th Oct, 2021
Halving cycle: 2 months
Liquidity mining linear release cycle: 30 days
The maximum of the total amount of genesis mining: 104,000,000 COINS
Liquidity, transaction mining, single mining: 80%, 80 million COINS
Foundation: It will release 0.5%, which is 3,500,000 COINS in the early stage (allocated for the initial liquidity, marketing and strategic partnership, and listing for exchange purposes). In order to avoid the problem of insufficient liquidity of the COINS in the early stages, the foundation will provide some initial liquidity of COINS, but the USDT, BUSD and BNB received from the previous sale of COINS will be participated in liquidity market of the COINS/USDT, COINS/BUSD, COINS/BNB trading pair and this part of liquidity will not be withdrawn within 2 months. The platform will announce the transaction addresses.
Team: 10%, 10,000,000 COINS, released with the progress of mining
Airdrop: 1% 10 million COINS.
The COINS airdrops will be distributed for free to addresses
1. who have recently traded and added liquidity on PancakeSwap, Mdex, Ellipsis, Biswap, ApeSwap, BakerySwap, DoDo, BabySwap;
2. who traded or added liquidity on CoinSwap.com;
4. supernode NFT.
Brand building: 0.5% 500,000 COIN
After the second halving, the platform will determine whether to suspend genesis mining and start the second round mining.
5. Has CoinSwap.com passed the audit and is it safe?
Lucas: CoinSwap has undergone a full audit by the most trusted security agency in crypto, CertiK.
Reginald: Great, so I will move to the next segment now.
Segment 2: Twitter questions (5 questions)
Reginald: We have chosen 5 best questions from our audience from Twitter
6. COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development? @raygarayga55
Lucas: The great thing about CoinSwap is the protocol is completely decentralized and so is our team, the virus hasn’t slowed down our operation and we will continue to work everyday around the world to spread CoinSwap.com.
Since we’re decentralized there’s always someone in the world working on our protocols and helping our community gain access to decentralized financial protocols that they deserve.
7. Partnerships are so important for adoption. Could you share some of Coinswap’ partners? What partners do you have currently and is there any partnership that will be established in near future? @tuan_iker
This is a list of our current partnerships, of course we’ll add more in the future.
Reginald: Wow, we love them as well.
8. Why did you opt to choose Bsc chain to launch? Do you have any plan to add more blockchains in the future like eth? @azizhahy
Lucas: BSC was our choice for the blockchain to build atop of because of the high transaction throughput. That’s crucial to DeFi and allowing all users to participate. On Ethereum, users are stuck with high fees of over $100 now, easily, sometimes $1,000 in fees just to do a swap. On CoinSwap.com our fees are pennies and always under $1 for a swap, very cheap fees and honestly the cheapest in the business if you use our referral program through NFT and Supernode NFT.
Reginald: CoinSwap is a pretty good choice
9. Do You Have AUDIT Certificates Or Are You Working To AUDIT Your Project.? To Make It More Secure And Reliable??? @ONION1379
Lucas: Yes, we already covered the audit so that’s done but we will continue to make sure our protocols remain safe for our users in the future with new launches and updates.
Reginald: And here is the last question of segment 2.
10. It is mentioned that CoinSwap has a Powerfull system which supports a two-level referral reward program. Can you explain what this two-level referral reward program is? How can users participate and earn? And what will be the rewards provided? @Aravind75154890
Lucas: All users have the ability to get a CoinSwap NFT free, KOLs get access to Supernode NFTs. Those are the options for referrals, users are directly impacted by how much they grow their ecosystem while building ecology for Coinswap.com
Reginald: It’s so nice
So, let’s move to the segment 3
We will open chat in 60s for community for our users to drop their question about CoinSwap
Kindly choose 5 best questions and answer be replying them.
Lucas: Okay, thank you for the great questions thus far!
Segment 3: Live Q&A (5 questions)
1. Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in project? @mcmnish
Lucas: Investor holding COINS are going to be responsible for governance of Coinswap.com in the future through our DAO. We want our users to be empowered and build for the future, not a short term project.
2. How can I buy tokens from your project? Will you have a program to sell tokens to users in the near future? @MoonwowfffRok
Lucas: COINS, our token, are only available currently on Coinswap.com
There was no pre-mine or pre-sale, so everyone has equal opportunties with COINS.
3. How many experts in your team as per now? please give us the team background and experience of the team? Do you have any plans to recruit any ambassadors or any positions? @Hok990
Lucas: Our developers are some of the best experts in the entire blockchain space. If you know about blockchain protocols you know how hard they can be to build and innovate and our team has created some of the most innovated protocols with NFT and Supernode NFT for example.
But also advanced trading with professional settings, very few DEXs can do this.
4. I would appreciate it if you could share the next updates with us. What is the most ambitious goal of the project? What should the community look for? @roburtsmith
Lucas: The most important thing to update the community on is mining went live today at 1 PM UTC!
5. What is the meaning of the name of the project and why did you name it that way?
Lucas: The name is very easy to remember and users understand what it is just from the name, it’s great marketing by our founder and team.
The team paid a lot of money for the domain because of that and we’re proud of our name and brand, we have confidence in our future.
Please let me share our lnks one last time before I go, thanks for all of the great questions today! It was a great AMA!
Telegram Announcement: https://t.me/CoinSwap_Announcement
If your question wasn’t answered feel free to ask in the telegram group and someone from our team will be happy to help, cheers!
Reginald: Congratulations on successfully completing the hardest part of each AMA session, which is interacting with investors and the questions they want to know.
Thank you! It’s our pleasure with us today once again. Lucas.
We will make a list of winners and have an official announcement soon.
Thank you very much!
Up to now, CoinSwap has had outstanding growth with an ever-expanding ecosystem, promising to thrive in the near future.
Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice.
BSC Army strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.