Minggu, November 28, 2021
BerandaAMA RecapAMA RECAP IDCRYPTO X ButterSwap

AMA RECAP IDCRYPTO X ButterSwap

Speaker : Team Of ButterSwap
Date : Friday, July 16th, 2021

THERE IS 3 SESSION FOR AMA
1. INTRODUCTION
2. QUESTION FROM TWTITTER
3. FREE ASKING


SESSION 1 ( INTRODUCTION )

ID CRYPTO:
hello @butterswap_admin
welcome to IDCRYPTO community, we are glad to be with you here.

ButterSwap Admin:
Hello everyone, I’m glad to be here.

ID CRYPTO:
Nice, thanks you for your attend here, We are glad to be with you here.

ButterSwap Admin:
Yes, let’s get started.

ID CRYPTO:
1. Please introduce yourself and tell how you started a crypto business to the idcrypto community?

ButterSwap Admin:
Sure. I’m the development lead for ButterSwap. I got PhD in computer science and worked in silicon valley California for several years. We are a team of blockchain enthusiasts and we collaborate across multiple counties working on this fantastic DeFi idea. I bought my first bitcoin in 2014, and since then I’ve been very interested in different crypto ideas.

ID CRYPTO:
Awesome experience, looks like you’ve been in the crypto space for a long time.

ButterSwap Admin:
But I didn’t keep my first bitcoin for long enough.

ID CRYPTO:
Hahaha,, I think very few people still hold bitcoins since 2014 or before.

ButterSwap Admin:
That’s true.

ID CRYPTO:
it’s because kindness is far from everyone’s expectations.
Okay good experience. I hope we can get some learn about diamond hands, Let me send second question.
2. Can you explain what is Butterswap and how long your project launch !? Please explain in simple sentences.

ButterSwap Admin:
ButterSwap was launched on June 16, and today is ButterSwap’s first month day!
The basis of ButterSwap can be viewed as Uniswap’s AMM + Pancake’s yield farming system. We have some innovative board system, that requires holders staking 0.1% of total BUTTER supply to join board, and in board there are many benefits coming out, such as that each day, one lucky board members can receive 1% of a day’s total production. We also will have some fantastic new ideas, such as NFT blind boxes/BUTTER cards for our users to play with.

ID CRYPTO:
Sounds interesting, it will make token holders benefit more profit. NFT will also come to your platform, awesome.

ButterSwap Admin:
Yes, benefits are coming out gradually. We will do blindbox airdrops for our early supporters later.
ERC721 is a great invention. There are many innovations to be done in this space. In later questions, I can share our new ideas more.

ID CRYPTO:
can’t wait to hear the latest update about that NFT blindbox, Okay let me send next question.
3. Can you share with the community, what Butterswap has been doing from the roadmap?

ButterSwap Admin:
In order to build a good eco-system, liquidity is key. Our roadmap is all focusing on providing liquidity and adding more value to BUTTER. Since the beginning, we have built a good swap that has good user experiences (very smooth to use) and a good yield farming platform, that there are close to 10K diligent farmers harvesting everyday tirelessly. We have also built a good DAO system (BUTTER board) that community board members can vote on important project decisions and discuss how to prosper the community growth. Our next big goal is to finish our NFT system. I believe there are some future questions about it, so I will leave the details for later.

ID CRYPTO:
Great answer, it’s very good to implement.. thanks for your great answer. the more benefits of token butter, it will bring increased demand.

ButterSwap Admin:
Well said.

SESSION 2 ( QUESTION FROM TWTITTER )

ID CRYPTO:
1. We all know that the “COOPERATION” in the blockchain industry is critical to long-term survival and dominance. Which partners has #Butter been cooperating with? What are the benefits of this partnership?
From @WehnerVivian

ButterSwap Admin:
We have partnered with CoinMarketCap to do a fantastic airdrop. 224K users put BUTTER into their watchlists and 168K participants applied for our airdrop. CMC team is very helpful and insightful. They have provided us much help in this airdrop campaign. BTW, we will announce the winner list next week. We are also partnering with several other crypto projects that the official collaboration will be announced later soon, such as euler.tools etc. In the long run, we are open to cooperation, for farming, token listing, promotion, NFT, and more.

ID CRYPTO:
very good strategy, indeed CMC has a lot of reach, you are really right to choose a partner, Next question.
2. What are the use cases of Butter tokens? Is it used in real life apps such as mobile games, entertainment apps, streaming services, etc.? If yes, how is it used and what benefits does it provide for the community?
From @TraThoa

ButterSwap Admin:
BUTTER can be used to add LP to liquidity to do LP farming. It can also be staked in manual or auto BUTTER pool to earn various tokens. It can further be used to join our board system and once you become a board member, there are many benefits that will come out along the way. In the near future, BUTTER will also be used to buy blind boxes (in which BUTTER cards are contained). Butter cards, in return, can help you earn more BUTTER, depending on its quality.

ID CRYPTO:
Good answer sir, I hope our community understand with your explanation, Next question.
3. Most DeFi projects especially those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yield farming ?
From @TinMaMa17

ButterSwap Admin:
If DeFi only relies on yield farming without diminishing bubbles, then it will enter a negative feedback loop. That’s why we are creating some innovative ideas to make ButterSwap a sustainable business. Fundamentally, what type of company are we? I often ask myself this question. My answer to this question, for now, is that we are actually a game company and finance company. We produce a good game for users to play, and the game is about finance. So a short answer for the question, how does BUTTER support its value? The answer is blind box sales revenue. And how do we guarantee blind box sales? Just wait for our creative designs.

ID CRYPTO:
Your answer is very good, we are more confident in the innovation that you bring, we also want to know how creative your design is.
4. Why you choosed HECO chain? There are lot of DEX in defferent blockchain. In every chain there one DEX have been exemplary like $PANCAKE on BSC, $UNISWAP on Ethereum. will #BUTTERSWAP be no.1 dex in HECO chain?
From @sobincrypto

ButterSwap Admin:
Heco is brand new chain and Huobi is one of the most prestigious Exchanges, we start from Heco because of its fast speed and low gas fee. ETH is too crowded with high gas fee. Heco gas fee is only <$0.001 for some operations. So we feel it is a good place to start from. Will #BUTTERSWAP be NO. 1 DEX in HECO chain? I don’t really know, this is our goal of course, but if you ask a kid will he become a billionare in the future, his answer doesn’t mean anything. We need time to grow.

ID CRYPTO:
I agree with you, the heco chain will make the cost lower, it’s quite interesting because it can be more efficient.
I hope ButterSwap will become Dex NO 1 in heco chain because it has very good innovation, Last questions for this session.
5. Many DEFI platforms on the market don’t provide enough transparency to their users & investors. In particular, it is not known how the funds were evaluated. Could you tell us about your approach to TRANSPARENCY ?
From @Meziprayoga1

ButterSwap Admin:
The top 1 advantage for blockchain is transparency. So from the first day of our lauch, we decide to do everything following the blockchain spirit.
We open sourced our source code here and our deployed smart contracts here. If you understand blockchain, you can actually know how many users we have and what’s our total value locked and total valume traded, with no possibility for us to fake any data.

ID CRYPTO:
Yes, that’s right, we can see everything for ourselves without allowing it to be faked, that’s the greatness of blockchain. Even token holders can see how many addresses have Butter tokens token.
Thanks for your explanation sir, it’s good answer.

ButterSwap Admin:
Yes. Thanks for the awesome organization.

SESSION 3 ( FREE ASKING )

Nick Deon:
does ButterSwap have its own nft or will it make one and is ButterSwap interested in the trend of NFT games?

ButterSwap Admin:
Let me introduce ButterSwap’s plan towards NFT in details here: first, we will produce blind boxes that users can buy using BUTTER. Blind boxes will also be airdroped, or given as prize for our board members too. Second, once you open blind boxes, you will get one BUTTER card. Each BUTTER card has different quality. These BUTTER cards will be placed in your TABLE containing 5 PLATES. BUTTER cards placed in the PLATES will produce BUTTER earnings and high quality cards produce more BUTTER. There are also some legendary BUTTER cards, such as boosting all farms and staking earnings by x%. These cards can be sent to your friends via HRC721 token transfers. It can also be sold in NFT market or auction market. During all these activities, some percentage of BUTTER will be burnt.

Dr Tooba :
Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?Why should investors trust #ButterSwap to invest in it, Kindly answer.

ButterSwap Admin:
Our smart contract source code has been audited independently by the prestigious security company CertiK and KNOWNSEC. Before our launch, they have helped us tested and improved the security mechanisms. We just finished our second round of audit with CertiK this week. Refer to the Audit page for more details.

Harry Stock:
Is your platform suitable for Crypto beginners?
Or does it only appeal to professional users?

ButterSwap Admin:
Definitely suitable for crypto beginners. All you need to do is simple. Step 1 buy BUTTER, Step 2 stake it in farms or pools, Step 3 harvest and earn. If you join our community. I believe many of our community members would love to answer your HOW-TO questions.

Lavanon:
Sir How can I buy this tokens? Is it available on any exchange??

ButterSwap Admin:
We are exchange (decentralized exchange, or DEX), so visit butterswap.me and buy BUTTER.

DREAM:
How can the COMMUNITY supports and help in the success of your project?

ButterSwap Admin:
We will have a referral campeign starting next week. You can generate your own invitation link and invite your friends to use ButterSwap, and 0.5% of all their farming and staking earnings will be rewarded to you. Notice that your friends would not earn less because of your invitation. The reward for you is extra.

MORE DETAIL ABOUT ButterSwap

Oezankhttps://idcryp.to
Oezank is a Crypto Influencer who has more than 2 years of experience observing Crypto projects and strongly believes in blockchain technology in Indonesia.
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