BlockTalks x ManySwap AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with ManySwap, on March 21th at 03.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Jon Frank, Co-Founder & Nick Jones, Lead Developer at ManySwap, so here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks
Q1. Could you please introduce ManySwap to our community in layman’s term?
Ans — In simple terms we are a Fork of Uniswap & we are the first decentralized (AMM DEX) to implement the affiliate revenue sharing model on the BSC network. Affiliates can earn 0.1% in commission on trading fees for each referral. The platform also allows users to swap tokens and create new liquidity pairs. Through adding to the liquidity pairs users can earn liquidity incentives and trading fees.
Q2. What are the advantages of ManySwap to other alternative projects?
Ans — Few things we can highlight.
- Affiliate Commission in DEX
- Block Emission is High, so users will get High APR. And we have a control of restricting the emission rate based on the flow in the market.
- NFT based Lottery
- Constant product & service development
Q3. What are the major milestones ManySwap achieved so far & what are in the future pipeline?
Ans — We can’t define anything in numbers. Right now, we are just like tiny little Embryo — yet with all the Vital Features & Functioning with Perfection.
We proud to say, Zero Bug in found in the system. We have clear roadmap & to-do list. So, you can Get Your Foot in the Door Now before the Global Marketing will be initiated.
Lots of Milestones to be achieved this month.
Questions Asked on Twitter For ManySwapTeam!
Q1. The problem with affiliate marketing is that sometimes ambassadors are too intense and end up being annoying making potential users go away instead of getting into the platform. How are you going to avoid this in your affiliate marketing strategy?
Ans — Affiliate system is optional, but it is exponential wealth-builder. also ambassadors or owners can’t manipulate with this. Since the structure being registered in the blockchain. Once it’s registered, it’s forever registered.
Moreover we one level affiliate bonus where the whole world is accepted this bonus as legal.
Q2. Can anonymous transactions be performed on the MANYSwap network to hide transaction details to help protect the confidentiality of user information and tokens?
Ans — No, we are not a privacy coin.
May be we can think about it in future if it’s necessary.
I believe Interacting with DEX itself a confidential.
Q3. I can see that there are many interesting pairs on the farm, eg MANY-CAKE LP, do the they need to be collaborate with Manyswap before you guys creat it? or how do you decide when to add a certain pair?
Ans — Good question & it’s repeatedly asked by Many users. At this moment we are deciding the pairs based on their weightage, security & popularity in the market. Also we are welcoming new partners to associate with us based on our check list.
We used to take community suggestions before we listing any new pairs.
Q4. Why did you choose BSC to build ManySwap proyect, even though the blockchain is relatively new?
Many still have doubts about the projects that are included in the BSC, counting that do you have any future plans to develop an TRC-20 or even ERC-20 token?
Ans — We have launched few products & services before on TRC-20 & ERC-20. They got some serious attention in the market, but just because high fees on Ethereum it did not picked up as much.
Now the Major reason to be on BSC, there is big space in the network to get spotted easily, fastest transaction, lower fees & great Eco-system development.
Q5. From last couple of weeks I’m seeing a lot of token burn happening in $MANY. How much more MANY you are going to burn? & How you are determining burn numbers?
Ans —Yes we want to stand alone in the market as best deflationary token. There is no constant value to burn 🔥, but we will use lot of burning mechanism to burn as much as we can. We strongly believe it’s a best fuel for the community wealth.
Questions Asked by our BlockTalks Community Members during live Session to ManySwap Team!!
Q1. a lot of scam projects out there, guess what guarantees that your project is different from them.
Ans — Security is our priority to protect our Community Fund.
1. We have removed the Rug pull Migrator code.
2. One of the leading Auditing company Certik is auditing Manyswap. https://certik.org/projects/manyswap
3. Also we Initiated with CertikShield, its a decentralized on-chain pool to reimburse lost or stolen assets. As a decentralized pool of risk-sharing, CertiKShield is an innovative alternative to insurance for reimbursement of crypto assets.
Q2. 1-Increasing Token price
2- make Token Valuable
3-Building Community Trust
In terms of per capita income for the fiscal year 2020–2021, what do you think needs to be done first
Ans — Building Community Trust.
Q3. Do you have plans for burning of MANY token? Or buyback program?
Ans — Ofcourse.
First ever Buy back & Burn Activity happening on Coming Monday.
👉Activity — Buyback from Deposit fees
👉Date: 22-March-2021, Monday
👉Time: 04:00 PM UTC
Here are some important links of ManySwap
🌎 Website: https://manyswap.io/
📢 Telegram: https://t.me/ManySwap