AMA RECAP : CRYPTO CHALLENGERS x WINGSWAP
Venue : CRYPTO CHALLENGERS
Date : 18 NOV 2021
Time : 02:00 PM UTC.
Guest :Kevin & Hiroto
They shared detailed information and his opinions about the project WINGSWAP.
🔴SEGMENT 1 INTRODUCTION.
1. Could you Guys please provide a quick self-introduction for the community ?
Okay. I’m Jay, managing partner of WingSwap as well as a marketer. I’ve been learning about the Crypto world since 2017 along with various projects. Not only a marketer but also an investor 😁
2.Can you briefly introduce the project WINGSWAP what are some of utlities of $WIS ? How do you think you stand out among the competitors if there are any ?
WingSwap is a dedicated Decentralized Exchange (DEX) and a staking platform where users can provide liquidity to the DEX, trade different types of assets in a decentralized way and get rewarded for doing so. The platform is created without the flaws of existing approaches, enabling proper money markets to function, and creating a safe positive-yield approach to the liquidity provided by platform members.
There are 4 main utilities of $WIS:
-Governance: holders of $WIS will have rights to cast votes and proposal regarding the development of the project
-$WIS is used the revenue accumulated token from WingSwap ecosystem, a part of the revenue comes from trading fee, listing of NFT,… also for buy back & burn mechanism.
-$WIS is also used as a payment for services provided by WingSwap such as Launchpad, Marketplace listing, DEX Smart Trading.
-Bearing assets: WIS as an incentive reward for individuals who participate in supporting the ecosystem such as LPs, Holder, Community
WingSwap, beside DEX features, offers NFT Integration as well as DEX Smart Trading to give user CEX-like experience
3. Can you share the achievements the team has made so far ? what are the major achievement target WINGSWAP is yet to achieve . If possible also share your roadmap
Currently, the WingSwap team has completed the testnet product and is ready for the protocol launch date.
Besides product development, Wingswap has also established strategic relationships with key protocols/projects in the Fantom ecosystem such as Fantom Starter, Oneblock, ZBS Capital.
Our project is audited by DeFiYield
We are still looking for new potential partners who can assist in the development of the protocol.
This is the demo of our platform
Our road map
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?
Besides providing a friendly interface, high liquidity. Security is also one of our top priorities. Like I said in the previous question, we worked with DeFiYield to evaluate the security of the protocol. And the result came out with high score, little to none critical issue.
In the early stage, WingSwap will appoint many benefits for earlybirds on the platform with high rewards
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
The total supply of $WIS will be 1 billion
Take a look at our tokenomics to see the distribution.
SEGMENT 2 TELEGRAM LIVE
Q1-ANÎSH MURALI, [18-Nov-21 7:53 PM]
Can you explain, which one is your top priority? Security, Product, Partnership, or Token price?
To be fair, we’ll do our best for all parties. We successfully got security checked so we want to keep it that way, secured.
For the products, to compete with our competitors in Fantom ecosystem, we initiate NFT Farming and DEX Smart Trading to be our unique products
Partnership, of course, beside our investors and strategic partners, it’s important that WingSwap creates partnerships with other projects as well, not only to grow the project but the ecosystem as a whole.
We have buy back & burn to ensure the benefits for our Token.
Q2-Nida, [18-Nov-21 7:55 PM]
How are you planning on taking community feedback and trying to improve your project accordingly, how do you prioritize community feed back, because most of the new project are only worried about investment?
Well we have DAO Governance feature, where holders of $WIS are allowed to cast vote to the development of the project. That is one of many ways users can make feedback of our project.
Q3-Sherlockzzz, [18-Nov-21 7:55 PM]
🔶Q) Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?
We already have our own NFTs for use. But in the future we will soon release new NFT collection as well as NFT Marketplace so that users can buy/sell their NFTs and new, potential NFT-related projects can have their NFTs in our platform.
Q4-🥀🥀 SHAUN BNP 🥀🥀 555, [18-Nov-21 7:54 PM]
What are projects goals and focus for right now? What problems have not been solved so far? and why should we choose the project over other projects?
Well for Fantom as a whole, we see the lack of simple user experience. Many people are coming in the Crypto world and WingSwap wants to make it easy for user to use our service and platform, creating a user-friendly experience.
Moreover, we create features which are unique to current existing ones so of course there are many benefits to that. We believe WingSwap, along with the evolution of Fantom, can make a difference in the DeFi world.
A lot of questions from you guys
Sorry that I can’t answer it all 😁 you can check WingSwap to learn more about it however.
Thank you for your time with WingSwap. Hopefully after this AMA session, you guys get to know more about WingSwap. For any information, check out WingSwap via @WingSwapFTM