🐋 TELEGRAM AMA: Im Community & O3 SWAP 🐋
⏰ AMA Timing : 06 May 2021 l 01:00 PM UTC l 20:00 GMT+7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100$ in Token

Bà Tân | : Welcome everyone. Today Im Community will host AMA with O3 SWAP.

Bà Tân | : Today our guest is: @TimO3WALLET from O3 SWAP .

Bà Tân | : Please introduce yourself a bit: @TimO3WALLET

Tim O3 | Never PM You : okay, This is Tim from O3 Labs, I am in charge of the O3 Swap design with all our outstanding teammates. Before joining the O3 Labs, I completed my master degree in Netherlands and has been a project manager in a consultant company based in Hong Kong. Glad to e-meet you guys here and share our product with you😉

done

Bà Tân | : Thanks for the introduction.

Bà Tân | : Today’s 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 O3 SWAP

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1389833129028853760).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group O3 Community [Official] (https://t.me/O3LabsOfficial) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)

▫️Follow: Twitter O3Labs (https://twitter.com/O3_Labs) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://o3swap.com/

Bà Tân | : Start session 1 AMA @TimO3WALLET

Bà Tân | : Question1. Could you please introduce O3 SWAP to our community ?

Tim O3 | Never PM You : O3 Swap is a cross-chain aggregation protocol/cross-chain aggregation trading platform incubated by the O3Labs team. It aggregates the liquidity sources from various decentralized exchanges across chains, and through the cross-chain pool, users can complete the cross-chain transaction.

O3 Swap V1 will allow users to trade safely and simply across chains within the decentralized wallets. we are committed to providing a one-stop aggregation & exchange platform for users and offering developers access to an open, distributed, friendly, and secure trading environment.

Official website: https://o3swap.com/

Bà Tân | : @TimO3WALLET Please say “Done” when you have finished the question, thank you.

done:)

Bà Tân | : Question2. What are the O3 SWAP products, and what features do they stand out?

Tim O3 | Never PM You : We have several features below:

1. Permissionless: In any environment, anyone can access O3 Swap without permission and KYC review.

2. Implement a cross-chain exchange: We implement proven and possible cross-chain solutions with our aggregation protocol. With this, we can achieve cross-chain transactions where users are able to freely exchange multi-chain assets with a single click.

3. Offer the best price: In order to provide more efficient and simple trading, we compare different exchanges on the leading chains to find the most cost-effective rates. Users can exchange assets at the lowest rate and via the most efficient trading route.

4. Token incentives: To promote a high level of activity for our network ecology, O3 Swap will issue a governance token. It is an important mediator to promote the development of the O3 Swap network. Based on the economic model of O3 Swap, all participants and developers are encouraged to invest in the maintenance of the overall ecological network.

done

Bà Tân | : Question3. In the coming time, what new events will O3 SWAP have that you want to inform users?

Tim O3 | Never PM You : Yes, we have three ongoing events for every users:

1. Test Now for O3 Rewards! https://medium.com/o3-labs-o3-wallet/test-now-for-o3-rewards-a4f1eca4aa86

2. O3 Swap Video Campaign — Win Top Prize worth $2000. https://medium.com/o3-labs-o3-wallet/o3-swap-video-campaign-win-top-prize-worth-2000-823b62efd569

3. O3 Meme Time. https://medium.com/o3-labs-o3-wallet/o3-meme-time-90d8010d8a94

done

Bà Tân | : Question4. Can you tell us about O3 SWAP tokens? What is it to convince users to hold on to it for the long term?

Tim O3 | Never PM You : In the economic model of O3 Swap, there are three ways to earn O3. Firstly, users can receive airdrops through early participation in product testing and community contributions. Secondly, they can receive trade mining rewards by using O3 Swap. Thirdly, they can provide liquidity to cross-chain pools to obtain O3 rewards.

There are three primary benefits for the unlocked O3:

1. Member rights: Stake O3 to obtain interest and transaction discounts allocated by the O3 Swap treasury.

2. Community governance: Users can participate in community governance by staking O3 to initiate proposals, participate in voting, etc.

3. LP staking: Users can use O3 to synthesize liquidity equity proof (LP), which can be used for unlocking and mining.

On the other hand, all transaction fees from O3 Swap will regularly be used to buyback O3 in open markets, and distributed to O3 stakers and development committees in proportion.

please see this graph 👀

done

Bà Tân | : Question5. What are the plans for 2021 for O3 SWAP ?

Tim O3 | Never PM You : this is our roadmap this year:

- 2021 Q1

1. Launch the official website.

2. Release the Neo-swap module.

3. Publish the O3 Swap Litepaper.

- 2021 Q2-Q3‌

1. Release O3 Hub, providing cross-chain service.

2. Support ETH, BSC swap.

3. Release O3 Governance Token and economic model.

4. O3 Version 1 online.

- 2021 Q4

1. Launch DAO Version 1.

2. Deploy aggregation protocol on Layer 2 networks.

3. Complete O3 Hub development across Layer 2 networks.

- 2022

1. Release V2. Support instant quote and pending order.

2. Launch cross-chain 2.0.

3. Release O3 network.

4. Launch DAO Version 2.

done

Bà Tân | : End of session 1

Bà Tân | : We will move on to session 2

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1389833129028853760).

Bà Tân | : Question1. @NancyWh25195880 (https://twitter.com/NancyWh25195880)

Blockchain in its core is a distributed ledger. But everything need to be audited by a third party is important to ensure faurther security. Have you done an audit or planning for?

Tim O3 | Never PM You : We have invited professional organizations to conduct security audits on our projects. Currently, Certik and 慢雾 will provide audit reports; we will also organize security event rewards; Finally, our cross-chain pool is based on Poly Network protocol. At present, Poly has run more than 4 billion US dollars in assets, which is a mature cross-chain solution in the industry.

done

Bà Tân | : Question2.@EbrahimKholil42 (https://twitter.com/EbrahimKholil42)

Which projects are your closest competitors? For example, do you accept Uniswap, Curve or Balancer as your competitors? How will you take to the next level?

Tim O3 | Never PM You : Uniswap, Curve or Balancer and other AMMs are our partners because we are a aggregator that integrates their liquidity for more users.

Compared with the aggregation platforms on the market, the core of O3 Swap is cross-chain aggregation, which is dedicated to linking the liquidity between different networks, rather than just aggregating the liquidity between different protocols. I think this is our advantage !

done

Bà Tân | : Question3. @Tamim35641030 (https://twitter.com/Tamim35641030)

Nowdays the main problem of crypto market is high gas fees and scalability. How do you plan to overcome this issues? Will you focus on L2 solution like Matic?

Tim O3 | Never PM You : Yes, L2 solution is our next focus for the development, you can see it on our roadmap. To decrease the GAS fee, we compare different exchanges on the leading chains to find the most cost-effective rates. Users can exchange assets at the lowest rate and via the most efficient trading route.

done

Bà Tân | : Question4. @Gazianteplyy (https://twitter.com/Gazianteplyy)

Collaboration and partnership are some of the most important platforms to help improve adoption. Can you tell us about current O3Labs partnerships, the plans for the partnership, and what people can gain from these partnerships?

Tim O3 | Never PM You : We are gracious and humbled by the support of these highly reputable and prestigious blockchain ventures.

https://twitter.com/O3_Labs/status/1382674091769962501

Also our IDO partners are coming soon, stay tuned on our Twitter and their website

https://twitter.com/O3_Labs/status/1388131023804829696

done

Bà Tân | : Question5.@tasfiya43 (https://twitter.com/tasfiya43)

I would like to know a little more about the work team behind your project, how many people make up the platform? Do you have expert, trained and experienced people about cryptocurrencies and IDOs?

Tim O3 | Never PM You : The O3 Labs was established in Tokyo in 2017 and is one of the early crypto wallet development teams in the world. At present, our team members are from nearly every continent. O3 Labs has been focusing on providing professional crypto asset management tools and services. Currently, we have provided wallet services for 100,000+ users.

done

Bà Tân | : End of session 2

Bà Tân | : We’ll move on to session 3

Sessions 3: The conversation will open to the community questions and the best questions will be selected.

Bà Tân | : Those who haven’t joined @O3LabsOfficial group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : COUNTDOWN

Thanks for the questions from the community

@TimO3WALLET Pick the 5 best questions and answer it for session 3.

Tim O3 | Never PM You : okay

Q1. What problems is Your project trying to solve to make it easier for Crypto users? Please let us know how evolving the roadmap is right now. What will happen this year and in the future?

Tim O3 | Never PM You : Q1. At present, our official website is online and supports the cross-chain exchange of assets on Neo, Ethereum, BSC, and Heco for the public test. It can be run by connecting to Metamask. Our Litepaper V1 is also online. More detailed product information can be found in this link. https://docs.o3swap.com/

In the next step, the O3 token and economic model will be released in May. IDO and Genesis mining will be initiated soon. In Q4 this year, we plan to complete the deployment of the Layer2 network.

For the latest product update information, follow our Twitter and join our community.

Q2. What are the advantages of the O3 hub design mechanism compared to the traditional hub mechanism?? Also, what do you consider to be the benchmark for success of this project???

Tim O3 | Never PM You : Q2. most of the cross-chain technology in the current market belong to two categories, one is a bridge, the other is a hub; bridge mainly realizes asset packaging/transfer to another network, the limitation of Hub lies in all of the assets need to be deposited and converted into the form of the hub network and then allow users to accept the hub network assets. O3 team has worked hard on innovative explorations of cross-chain transactions. It is the first to use the method of the cross-chain pool to connect different liquidity of assets on the chain, allowing users to exchange cross-chain assets without asset deposit and withdrawal, which greatly reduces the threshold for user operations/transactions.

Q3. Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?

Tim O3 | Never PM You : Q3. O3 Swap aims to aggregate the liquidity sources from various decentralized exchanges across chains, and through the cross-chain pool, users can complete the cross-chain transaction. It solves the current problem of liquidity fragmentation on various mainstream blockchains, making it no longer difficult for users to cross-chain transactions.

Q4. Can you briefly discuss about 03 swap Development Committee, those that make up the committee, the role they play, and how the members of the committee are being selected?

Tim O3 | Never PM You : Q4. The Development Committee is mainly responsible for promoting the development of the project and the community construction. During the early stages, it will be composed of O3 Labs, community contributors, and representatives who have obtained the majority of votes. In the later stages, it will be completely elected by the community.

Q5. Staking seem to be popular right now on many blockchain project. Can you please explain the detail about $ O3 staking plan and the benefits of adding “staking”?

Tim O3 | Never PM You : Q5. the staking features will be coming soon this month. Staking and farming become popular in many projects. we will support the several staking ways:

Stake O3 to get the trading discount and earn O3 rewards.

Stake O3 trading pairs to unlock and mining

Stake cross-chain LP to earn O3 rewards.

done

Bà Tân | : Thanks for the useful information from @TimO3WALLET

Bà Tân | : End of session 3

Bà Tân | : For questions that have not been answered today, you can send them to @O3LabsOfficial for answers.

Tim O3 | Never PM You : welcome to our community to chat with me and share your feedback:)

Bà Tân | : Allright, I declare the Im Community AMA with O3 SWAP has ended.

Thanks to @TimO3WALLET | O3 SWAP joined us and provided us with O3 SWAP information, we hope that this knowledge makes us understand more about https://o3swap.com/

To the members, thank you for following this event to the end. winners will be announced soon.

Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .

Ahrix : Thanks @O3LabsOfficial for joining the AMA today. Have a good day

Tim O3 | Never PM You : and don’t miss these events:)

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IM is a PR group — Marketing support for Airdrop, advertising, AMA, Services … in Vietnam Flag of Vietnam. — — — — — — — - TG: https://t.me/imcommunityitw

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IM is a PR group — Marketing support for Airdrop, advertising, AMA, Services … in Vietnam Flag of Vietnam. — — — — — — — - TG: https://t.me/imcommunityitw

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