1. Please introduce yourself and the team behind CoinSwap?
I’ve been in the bitcoin and blockchain space since 2009. I’ve written two blockchain books, written for countless projects and advised many others.
I joined CoinSwap’s team right before launch because I believe in their goal to become the world’s most innovative DEX and provide all people with decentralized financial inclusivity.
Since joining the team I can already sense that we’ve a great opportunity to achieve this goal and to become number 1 amongst all DEXs.
2. What is CoinSwap? What does it mean to be a decentralized cloud trading protocol?
Launch Time: CoinSwap.com officially launched on BSC on Sep 13th.
Mining Launch Time: CoinSwap.com will officially launch mining function on Oct 20th.
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
Vision
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.
Functions:
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” 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.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com 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.
https://docs.coinswap.io/#functions
3. What inherent problems have you seen within BSC that CoinSwap can provide solutions for?
CoinSwap is a large supporter of Binance and Binance Smart Chain and believes in their vision to provide a chain for users with high transaction throughput.
This allows DeFi protocols like ours at CoinSwap to flourish and continue to take more market share over time from the ‘legacy’ DEXs like Uniswap or Pancakeswap that haven’t really innovated over the last year and CEXs as well once users become more comfortable in the crypto sector.
Through our referrals, NFT and Supernode NFT, users can create their own ecosystem to trade with even cheaper fees than any other DEX already running on BSC.
Our users are already giving us excellent feedback on the protocols and really appreciate us pushing the space forward with our new functionality!
4. How does being a “DeCloud” differ from other trading protocols?
Other DeFi protocols aren’t as distributed as CoinSwap because CoinSwap is the first DeCloud computing protocol in the history of DeFi.
DeCloud enables every supernode to be a DEX and this may be the most revolutionary advancement in NFTs in blockchain history yet.
DeCloud gives our users even more decentralization than the normal DEX and way more decentralization than any CEX as well. This is the future of DeFi because users will increasingly want to have a decentralized cloud just like they want decentralized blockchains.
Supernode NFT empowers the users to have more control of their finances and that’s the endgame of blockchain and DeFi.
5. How do you use/get started on CoinSwap?
Our team made a full tutorial on how to get started on CoinSwap.com in this youtube video.
https://www.youtube.com/watch?v=pw9fKoix998
There are other specific tutorials and overviews on our youtube for users and there will be more youtube videos in the future when we launch even more functions, so make sure you’re subscribed for all news, product launches, and giveaways!
6. What is your vision for CoinSwap? Can you provide us with a roadmap?
The overall vision is to become the #1 DEX in the entire world! Our team is focused on the small day to day goals which will lead to us becoming number #1 eventually.
The small victories will lead us to even greater things and our community is continuing to grow on every continent daily!
CoinSwap is launching mining today! This is a huge event in our roadmap and brings all of our functions and utility to the LIVE stage of our platform.
Of course we will keep innovating but this is a major day for CoinSwap and we’re very proud of our team and our community!
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
- What is $COINS? How is it used for your platform?
COINS Use Case:
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COINS used to pay for fees will not participate in rebates but will be directly burned.
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Deductible Fees. COINS can be used to pay for fees. The discount rate is shown in the table below.
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The creation of the supernode NFT needs to burn COINS.
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If the project party's tokens participate in liquidity mining, the project party will provide the tokens and host the user's single staked COINS to mine the project party's tokens.
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COINS can participate in the new functions of the platform such as NFT and IFO.
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The COINS value can be provided in subsequent contracts and lending products.
COINS Tokenomics:
The maximum total amount of COINS on BSC is 1 billion, of which 10% is used as team rewards for team operations, technology research and development, etc.; 7% is used as a foundation reserve to support subsequent related investment and financing, partners and construction and improvement of ecosystems, to provide more sufficient and beneficial resources for the development of CoinSwap.com; 1% is used for market operation promotion and brand building; 2% is used for airdrops, bug bounty rewards, supernode NFT rewards, community rewards, etc.; the remaining 80% is used for liquidity mining, transaction mining, and single mining on BSC.
https://docs.coinswap.io/tokenomics-and-mining/coins-tokenomics#coins-tokenomics
Mining Rules:
COINS will be released by staged mining. Genesis mining is expected to release about 10% of the total amount on BSC, which is 100 million COINS. The mining halving cycle is 2 months, and the initial single block unlocks 26.0417 COINS. It is expected that genesis mining will be suspended after at most 2 halvings.
Token symbol: COINS
Lunch period: 12:00(UTC), 20th Oct, 2021
Halving cycle: 2 months
Liquidity mining linear release cycle: 30 days
The maximum of the total amount of genesis mining: 104,000,000 COINS
Liquidity, transaction mining, single mining: 80%, 80 million COINS
Foundation: It will release 0.5%, which is 3,500,000 COINS in the early stage (allocated for the initial liquidity, marketing and strategic partnership, and listing for exchange purposes). In order to avoid the problem of insufficient liquidity of the COINS in the early stages, the foundation will provide some initial liquidity of COINS, but the USDT, BUSD and BNB received from the previous sale of COINS will be participated in liquidity market of the COINS/USDT, COINS/BUSD, COINS/BNB trading pair and this part of liquidity will not be withdrawn within 2 months. The platform will announce the transaction addresses.
Team: 10%, 10,000,000 COINS, released with the progress of mining
Airdrop: 1% 10 million COINS.
The COINS airdrops will be distributed for free to addresses
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who have recently traded and added liquidity on PancakeSwap, Mdex, Ellipsis, Biswap, ApeSwap, BakerySwap, DoDo, BabySwap;
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who traded or added liquidity on CoinSwap.com;
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community;
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supernode NFT.
Brand building: 0.5% 500,000 COIN
After the second halving, the platform will determine whether to suspend genesis mining and start the second round mining.
https://docs.coinswap.io/tokenomics-and-mining/genesis-mining-rules#genesis-mining-rules
- Is your platform audited? How can you ensure users that your platform is safe to use?
CoinSwap.com underwent a full audit by CertiK. CertiK is the leading security agency in the blockchain space that makes sure all users are safe when using DeFi products.
You can read the full audit of our protocol done by CertiK here:
https://leaderboard.certik.io/projects/coinswapio
- Any exciting news you would like to announce today?
Our mining platform as I’ve mentioned is launching today!
Make sure you head over to start mining today and use this code when you’re using our protocols so we know that you’re from the BSC NEWS FAMILY!
https://bsc.coinswap.com/#/trade/swap/314
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
CoinSwap.com Genesis Mining will start today, are you guys ready?
No Private sale, No ICO, No Pre-mining!
Be the first one to have COINS4
CoinSwap #YieldFarming : October 20th 12:00 (UTC)
Get ready：https://bsc.coinswap.com/#/trade/swap/314
Telegram：https://t.me/Coinswap_EN
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