VanSwap x IM community AMA RECAP
🐋TELEGRAM AMA : Im Community & VanSwap
⏰ AMA Timing : 9th Sep 2022 l 11:00 AM UTC I 18:00 UTC + 7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100$
➡️ The reward pool for the best 5 questions from Telegram is $50($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
Bà Tân | : Welcome @levivanswap from VanSwap ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with VanSwap.
Bà Tân | : Today our guest is: @levivanswap from VanSwap.
Ahrix : Welcome @levivanswap to the IM community.
Levi O. : Happy to see you
Bà Tân | : Before the first, please introduce yourself a little bit: @levivanswap ���
Levi O. : Hello everyone, I am the CMO of Vanswap
Levi O. : Can follow https://linktr.ee/vanswap to meet more information about Vanswap
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1567732733501403137) (will choose 5 question)
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : So let’s start the first part of the AMA — questions from Im Community!
Bà Tân | : Q1: Can you tell us a little bit about VanSwap? @levivanswap
Levi O. : Sure!
Levi O. : Vanswap is the first automated liquidity capture pool and AMM decentralized exchange running on Vision Chain with many unique and creative features that allow you to earn and win.
In addition to the essential elements of DEX, it also features an innovative “Token+NFT” model
These features will be available in three phases over the next year and a half.
In the first phase, we will launch the IDO of $VAN tokens, open the pool and stake, and add the referral rebate function; in the second phase, we will launch the DAO, and the pool will launch the Boost Yield function; in the third phase, we will launch the launchpad IDO, start the INO governance NFT, integrate Vision Bridge V2.0, and transfer the governance to the DAO. After three phases, Vanswap is a decentralized exchange governed entirely by DAOs.
Bà Tân | : Q2: I see that VanSwap is deployed on Vision Network, right? Can you tell us why VanSwap chose Vision Network? @levivanswap
Levi O. : yep, good question
Levi O. : Let me introduce Vision Network. Vision is a high-performance blockchain built for the metaverse with an innovative VPoS mechanism where verifier nodes form a decentralized PoS network.
With its self-developed metaverse engine and EVM-compatible features, Vision breaks the boundary between virtual and reality to build the open world of Web 3.0.
The first reason we chose Vision is the technology. Currently, Vision has achieved low cost, composability, and scalability. EVM can migrate Ethernet native applications at low cost and bring users a fast and smooth experience.
In addition to product improvements, Vision has also explored and developed the Oracle and Metaverse game engine in the underlying infrastructure.
Bà Tân | : Nice, thanks for such a detailed answer, lets move on!
Bà Tân | : Q3: Recently, security issues of public chains have been frequent. Does Vanswap have any consideration from the security point of view when choosing Vision? @levivanswap
Levi O. : Many public chains have gotten problems recently, and our team considered the security of Vision from several aspects.
The Vision ecosystem is composed of multiple components and players, including Vanswap, and each of them faces different threats.
Examples include the code, the algorithms, the verification nodes, their hardware, the projects developed on Vision, and the individual users who use those projects.
The decentralized Vision blockchain runs on open source code that third parties and the public can audit. In the case of open source code, anyone (with considerable technical knowledge) can scrutinize the code and assess possible vulnerabilities and threats.
The Vision network and the algorithms it uses are inherently very secure. Vision has not been subject to security incidents or hacking, demonstrating that the vision system has no vulnerabilities or attack vectors to exploit. In addition, Vision incentivizes security teams and programs through the Hunter Program to scrutinize Vision’s security regularly to ensure that even the most minor issues are addressed immediately.
Above all, that’s why we chose Vision for our security.
Bà Tân | : Great, sounds promising, thanks!
Bà Tân | : Please give our community some info on the next point
Bà Tân | : Q4: What can you tell us about our innovative new “Token+NFT” model? @levivanswap
Levi O. : That’s the important part of Vanswap
The innovative DeFi trading mechanism, Automated Market Maker (AMM), enables traders to exchange crypto assets directly from their blockchain wallets without relying on centralized exchanges.
While this mechanism brings many advantages to the DeFi space, liquidity providers suffer permanent losses due to the difference in price movements between the two trading tokens.
As a result, monopoly agriculture was introduced to compensate the liquidity provider for the impermanent losses. However, the death spiral caused by the “minting and dumping” associated with monopoly agriculture will lead to a continuous decline in prices, making monopoly agriculture unsustainable.
This problem is particularly acute for small and medium-sized DEX, where liquidity is relatively scarce, rather than for industry leaders.
To solve this problem or minimize it, the Vanswap team has designed an innovative dual model that combines tokens and NFTs. Its platform token, $VAN, is given the utility of liquidity providers being compensated (or rewarded) by staking their liquidity. NFT will be minted by burning $VAN, and NFT holders will receive premium privileges.
Bà Tân | : Impressive, thanks!
Bà Tân | : And the last question is…
Bà Tân | : Q5: Can you briefly introduce the subsequent development of Vanswap? @levivanswap
Levi O. : Sure, we are on track to develop Vanswap
The subsequent development of Vanswap will be done in strict accordance with the roadmap
the pool has launched, the operation side will continue to increase the number of new pairs of transactions
if there is a need to upload coins, you can find our contact information on the website, product testing, will be divided into two key points, one is multi-chain, as mentioned before, multi-chain is the future development of DeFi, Vanswap will also become The second is the NFT-related functions, including the implementation of the NFT mint method, governance functions, etc.
I hope you will pay more attention to it!
Bà Tân | : Great answers!
Bà Tân | : Thank you for your efforts and time ���
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2.
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1567732733501403137) (will choose 5 question)
Bà Tân | : Q1、What makes your project special & different among others? @levivanswap
Levi O. : Yep
Levi O. : The Vanswap team has designed an innovative dual model that combines tokens and NFTs.
NFT will be minted by burning $VAN, and NFT holders will receive premium privileges. This is the most important feature of making VAN price pump.
That’s the most extraordinary thing
Bà Tân | : Q2. In order to become a strong DeFi platform in its early phases of development, @Van_Swap needs to accomplish a lot of things. What are the team’s current main priorities? What steps will you take to ensure that this priority runs as smoothly as possible?
Levi O. : Yep, a long question
As we said in the previous AMA, the development of Vanswap will be divided into three stages.
And for now, the first stage’s IDO / mining pool / Invitation function has been completed.
Next, we will add more cross-chain assets and open corresponding mining pools.
You can pay more attention to our official social media to get the latest information. https://linktr.ee/vanswap
Bà Tân | : Q3. Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration? @levivanswap
Levi O. : Sure
We will consider the community suggestions and feedback.
There is no doubt about it, and we will publish user feedback and suggestions regularly
Bà Tân | : Q4. Staking is one of the most attractive way that exist through the DeFi system where users generate passive income. With that, can you tell us more about staking program and various ways through which users can participate in your staking program? @levivanswap
Levi O. : At present, our farming pools support vs-usdt, vs-van, and van-USDT.
In the next few weeks, we will add more liquidity farming pools, such as BTC / eth / BNB and other liquidity farming pools of related currencies. For details, you can check our medium.
Bà Tân | : Q5. Right now, Market is adjusting sharply, the risks are very high but also a great opportunity for development projects. What are the characteristics of your project, and how is your development strategy to be able to compete and rise to top among other projects? @levivanswap
Levi O. : That’s right, the market risk is so high now
Indeed, at present, it is in a bear market, and the performance of tokens in many projects is unsatisfactory
but this does not affect our further progress
Vanswap adopts the innovative governance model of defi + NFT, which has better advantages in token deflation and empowerment.
For example, holding VAN can enjoy some basic rights and interests, and casting NFTs through van can obtain higher-level rights and interests
Vanswap will burn van through irregular repurchase to reduce circulation and promote the steady rise of token price.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @levivanswap ���
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : Don’t forget to join the group https://t.me/VanSwap , https://t.me/visionvietnam
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @levivanswap some time to go through them.
Levi O. : There are so many questions, it will take some time to pick
Levi O. : plz be patient guys
Q1. According to the project’s roadmap — whate are your most important next priorities?
Levi O. : According to the roadmap, our next important thing is to list on the NFT marketplace; we are designing the image of NFT and developing the function of NFT; as we tweeted, we can look forward to our NFT ideas.
Q2. Hi sir,
Can you give an overview of your Tokenomics, and the UTILITY of Token? Or What is the tokenomics of you project?
Levi O. : thanks.
more information about our tokenomics can be seen the following image
Q3. Almost 4/5 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?
Levi O. : Indeed, most holders are focused on price. Still, we can keep completing the ecological construction and empowering the tokens so that more people’s perceptions are raised, and they have more confidence in Van.
Q4. Marketing & Advertising project is very much needed, How do you plan to expand this project to a global world? Is your platform global or are there restrictions for certain regions?
Levi O. : We are a global project based in Singapore, and we have already started to develop communities in English, Russian, Chinese, and Vietnamese, and we will be adding more regions.
Q5. Is your project only for English speaking countries or is there a community for other language users?
Levi O. : As just mentioned, we are an international project, and the whole world can join our project.
Bà Tân | : Thanks for the useful information from @levivanswap
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @VanSwap for answers.
Bà Tân | : IM Community, if you would like to know more about VanSwap ! here are some useful links for you:
Official Website: https://www.vanswap.org/#/home
Tele VN: https://t.me/visionvietnam
Bà Tân | : Allright, I declare the Im Community AMA with VanSwap has ended.
Thanks to @levivanswap | VanSwap joined us and provided us with VanSwap information, we hope that this knowledge makes us understand more about https://www.vanswap.org/#/home
To the members, thank you for following this event to the end. winners will be announced soon.