Coinswap x Im Community AMA Recap
TELEGRAM AMA: Im Community & Coinswap đ
â° AMA Timing : 24 September 2021 l 02:30 PM UTC l 21:30 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
Bà Tân | : Welcome @CoinSwapBull from Coinswap.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Coinswap.
Bà Tân | : Today our guest is: @CoinSwapBull from Coinswap.
Bà Tân | : Can you introduce yourself to our Im Community?
CoinSwap Bull : Sure, Iâm CoinSwapBull, Iâm a huge fan of this DEX and Iâll tell you why now. Let me explain a bit about the community and the functions.
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.io provides this function of one-click âLiquidity Migrationâ 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.io to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.io continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.io 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.
Done
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Todayâs AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Coinswap
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1441227212116561923).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁCoinswap_DEX (https://t.me/Coinswap_EN)
đŁCoinSwap Announcement (https://t.me/CoinSwap_Announcement)
đŁTwitter Coinswap (https://twitter.com/Coinswap_)
đMore information about Coinswap :
đŁWebsite (https://coinswap.com/)
đŁMedium (https://medium.com/@CoinSwap_)
đŁDiscord (https://discord.gg/bapraaVGj4)
Bà Tân | : Start session 1 AMA @CoinSwapBull
Bà Tân | : Question1. Can you briefly describe what is Coinswap? We would like to know more about it and how it works. @CoinSwapBull
CoinSwap Bull : CoinSwap is the Worldâs First DeCloud Trading protocol that offers a number of functions that other projects donât match in the DEX world. It is not only an AMM-based decentralized exchange but it is also an ecosystem.
CoinSwap is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi and more in the future!
Done
Bà Tân | : Question2. What are the trading services that Coinswap provides to users? How can users trade on your platform?
CoinSwap Bull : AMM Transaction
Based on AMM, CoinSwap.io 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.
Liquidity Sharing
CoinSwap supports one-click migration to share liquidity. Users can continue to earn LP rewards, also COINS as extra rewards.
Referral Reward
Invite friends to get transaction reward and mining reward.
Node NFT
Each node and supernode are regarded as CoinSwap.ioâs unique NFT system.
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.io has the commission deduction and destruction model.
Done
Bà Tân | : Question3. What are the outstanding features of Coinswap?
CoinSwap Bull : I named a lot of features in the introduction but Iâll highlight a few that separate CoinSwap from the other DEXs.
Liquidity Migration which allows users on 3 other platforms right now to migrate their liquidity from Pancake Swap for example, this is a huge advantage for people supporting the community and earning rewards in COINS, the native CoinSwap token.
Secondly, Supernode NFT which other platforms havenât done like CoinSwap.com
The NFT also allows users to create their own ecosystem within a larger CoinSwap ecosystem and gain rewards from referrals through the dApp.
DAO Governance
Low Fees is another one since the network is very efficient and runs on BSC.
Done
Also one last thing
You can see a full list of the features on this page:
https://docs.coinswap.io/
Bà Tân | : Question4. What role does the COINS token play in your ecosystem? What are the benefits of long-term holding?
CoinSwap Bull : The role of COINS is to gain reward from sharing in the larger ecosystem.
By holding COINS users will also have a larger stake based on their % of holdings in the DAOs Governance.
This is the future of all ecosystems that will be successful.
Done
BĂ Tân | : Question5. What are Coinswapâs achievements? Coinswapâs development plan this year?
CoinSwap Bull : Well the most important achievement of late was the launch which was less than 2 weeks ago! đ But since then thereâs been a number of major achievements with new users all over the world.
Also, people donât realize how amazing it is that people all across the world can come together to work on something as important as CoinSwap to create the worldâs most functional DEX.
This is not an easy task but itâs an impressive one that the community should be proud of.
Done
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1441227212116561923).
BĂ Tân | : Question1. Where do you plan to store the NFTâs sent through your nodes? Will you store them in blockchain or just cloud? @CoinSwapBull
CoinSwap Bull : This is a good question that users should understand before participating in any NFT.
The NFTs are stored on-chain.
Done
Bà Tân | : Question2. Can you share the future roadmaps of Coinswap and what are the possible integration team currently working on?
CoinSwap Bull : Letâs talk about the future of COINS. When all users can start providing liquidity that will be huge for the ecosystem.
This is in the works and you can keep up with the tokenomics and the release date on all future events and anything newsworthy through these links!
đŁOFFICIAL LINKS:
Website: https://coinswap.com/
Twitter: https://twitter.com/Coinswap_
Medium:https://medium.com/@CoinSwap_
Telegram Announcement: https://t.me/CoinSwap_Announcement
Telegram: https://t.me/Coinswap_EN
Discord: https://discord.gg/bapraaVGj4
Reddit: https://www.reddit.com/user/media-coinswap
YouTube:https://www.youtube.com/channel/UCnKlC1pHKUOdRYdrNAoQTlw
E-mail: media@coinswap.com
Done
Let me please provide the application for a SuperNode NFT as well.
https://www.reddit.com/user/media-coinswap/comments/pu8qn6/coinswapcom_supernode_nft_airdrop/
Done
Bà Tân | : Question3. What is Coinswap vision and goals? In your opinion, what are the outstanding advantages of Coinswap? Why should users choose Coinswap ?
CoinSwap Bull : AMM Transaction
Based on AMM, CoinSwap.io 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.
Liquidity Sharing
CoinSwap supports one-click migration to share liquidity. Users can continue to earn LP rewards, also COINS as extra rewards.
Referral Reward
Invite friends to get transaction reward and mining reward.
Node NFT
Each node and supernode are regarded as CoinSwap.ioâs unique NFT system.
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.io 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.
Binance Smart Chain boasts enhanced smart contract capabilities and compatibility with the Ethereum Virtual Machine(EVM).
The gas costs of Ethereum can be excessively high during periods of severe network congestion, while BSC has one of the fastest blockchain transaction times and the lowest fee structure, making it very attractive for developers to build DeFi applications on the protocol. Whatâs more, the DeFi infrastructure and related documents on the BSC are very sound and the development experience is good, which can perfectly implement the DeCloud Protocol.
The Binance smartchain uses a consensus algorithm called Proof of Staked Authority (PoSA). In this algorithm, 21 validators use BNB, the native token of the Binance ecosystem, to protect the network.
Also, Binance Smart Chain has high international recognition. The Binance Smart Chain ecosystem has strong support for media resources, wallet resources, and community resources, which will assist CoinSwap.io to develop more innovative financial application scenarios in the future.
Attractive features of the Binance smart chain
Interoperability
Binance Smart Chain is built on a dual-chain architecture, which allows users to transfer assets from one blockchain to another flexibly. The interoperability of Binance Smart Chain provides users with the opportunity to access a vast ecosystem with countless use cases.
Low transaction fees
Transaction fees refer to the fees that users pay when making transactions on the blockchain.
Binance Smart Chain and Ethereum are the two blockchains most commonly chosen for DeFi projects. However, when it comes to blockchain fees, Binance Smart Chain is significantly more profitable than Ethereum.
Transaction speed
Blockchain transactions require multiple confirmations to fully process the transaction. This is to avoid the risk of double payment. The longer the confirmation, the longer it will take to complete the transaction.
Done
Bà Tân | : Question4. Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?
CoinSwap Bull : This is an important question, thanks for asking!
Certik audited the CoinSwap protocol and you can read the entire audit report here:
Certik Audit Reportďźhttps://www.certik.org/projects/coinswapio
CertiK is one of the most trusted security agencies in cryptocurrenty and blockchain.
Done
Bà Tân | : Question5.Security is the most important , thing to consider want starting, up a project how secured, is this project for users and investors?
CoinSwap Bull : Well, thatâs why all projects should get an audit. No users should just take a projects word for being safe.
Audits provide that sort of ease of mind but protocols must be updated and CoinSwap will continue to work to keep their users safe.
Thatâs important to CoinSwap, to provide the best user experience in the world!
Done
BĂ Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @CoinSwapBull đ
CoinSwap Bull : Of course, thank you for the questions!
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
BĂ Tân | : Donât forget to join the group https://t.me/Coinswap_EN
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Now letâs give our dear guest @CoinSwapBull some time to go through them.
Bà Tân | : @CoinSwapBull Pick the 5 best questions and answer it for session 3.
CoinSwap Bull : Wow amazing, okay Iâll do that now, thanks!
Q1. While you build your project, do you take into account community feedbacks and demands?
CoinSwap Bull : This is an important question. Of course, CoinSwap wants to make their users happy. Users tell their friends how great a platform is and thatâs one reason why CoinSwap is off to such a great start. Everyone can see users already heading over to the newest DEX that also does DeCloud provides referrals through SuperNode NFTs. This is a revolutionary advancement in DeFi.
Done
Q2. Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?
CoinSwap Bull : As I noted before, CoinSwap underwent a full audit from CertiK. CertiKâs audits are extremely thorough. Users should read about the audit on the website provided and do their own research but this is a huge positive that the code has been already passed by one of the top security agencies in all of tech.
Done
Q3. Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
CoinSwap Bull : I canât speak on value but as far as taking control of a community and having input into itâs future â thatâs what CoinSwap wants to build. The future of efficiency is the DAO setup and through governance via the COINS token, all users no matter who they are have an equal opportunity to participate in the DAO.
Done
Q4. Does your project have worldwide support? Do you have a local community of China, Vietnam, Indonesia, Malaysia, Singapore, Korea, India⌠to best spread your project? Please tell me more about your local communities.
CoinSwap Bull : Itâs actually very impressive that CoinSwap already has users all over the world. CoinSwap might actually have users on every continent already that people live on. đ The CoinSwap protocol is already a resounding success and will only become a larger part of the DeFi world in the future.
Done
Q5. Your project looks good but it confuses me that there are many other Blockchain projects. What should I notice about you to give it the importance it deserves? What do you plan to achieve with your project?
CoinSwap Bull : One thing that users are already reporting that they love is the fact that they can gain rewards on CoinSwap that are not available anywhere else. Also, by trading in COINS which is the native token of CoinSwap, the users will notice that the tokenomics could potentially end up deflationary.
CoinSwapâs modeled their TXs like EIP-1559 and COINS are the native token used to transact.
COINS will be burnt when transacting on the network which users like.
Done
Bà Tân | : Congratulations to the winners of session 3.
@vilamna
@saophaixoa
@aoquaa
@Lamkille
@AngelaFletcher215597
Bà Tân | : Thanks for the useful information from @CoinSwapBull
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @Coinswap_EN for answers.
đJĹhn Lđ : Thank for your time @CoinSwapBull
đJĹhn Lđ : Thatâs great today
CoinSwap Bull : Please donât forget to sign up to the links below and follow the social media links, thereâs so much news forthcoming!
CoinSwap Bull : đŁOFFICIAL LINKS:
Website: https://coinswap.com/
Twitter: https://twitter.com/Coinswap_
Medium:https://medium.com/@CoinSwap_
Telegram Announcement: https://t.me/CoinSwap_Announcement
Telegram: https://t.me/Coinswap_EN
Discord: https://discord.gg/bapraaVGj4
Reddit: https://www.reddit.com/user/media-coinswap
YouTube:https://www.youtube.com/channel/UCnKlC1pHKUOdRYdrNAoQTlw
E-mail: media@coinswap.com
Bà Tân | : IM Community, if you would like to know more about Coinswap ! here are some useful links for you:
Official Website: https://coinswap.com/#/home?lang=en
Twitter: https://twitter.com/Coinswap_
Telegram: https://t.me/Coinswap_EN
Medium: https://medium.com/@CoinSwap_
Discord: https://discord.com/invite/bapraaVGj4
Reddit: https://www.reddit.com/user/media-coinswap
Youtube: https://www.youtube.com/channel/UCnKlC1pHKUOdRYdrNAoQTlw.
Bà Tân | : Allright, I declare the Im Community AMA with Coinswap has ended.
Thanks to @CoinSwapBull | Coinswap joined us and provided us with Coinswap information, we hope that this knowledge makes us understand more about https://coinswap.com/#/home?lang=en (https://coinswap.com/%2523/home?lang=en)
To the members, thank you for following this event to the end. winners will be announced soon.
CoinSwap Bull : Thank you, please have a great day and enjoy CoinSwap.com!
Bà Tân | : Thanks @CoinSwapBull for joining the AMA today. Have a good day.
