Date : Tuesday, January 26th, 2021
THERE IS 3 SESSION FOR AMA
- QUESTION FROM TWTITTER
- FREE ASKING
SESSION 1 (INTRODUCTION)
hello Mr. Chukwuka Obeleagu
welcome to our community, we are glad to be with you here.
Thank you for joining here, before we start AMA, I will explain the rules a little
We have 3 sessions of the AMA, where each of your sessions will have questions to answer, and when you are done explaining, please say “done”
We’ll start segment 1, Introduction
Can you please introduce yourself and your background to us first?
My name is Chukwuka Obeleagu from Nigeria. Am an Ex- Banker and Crypto Educator. I started my Cryptocurrency Journey from my YouTube Channel From Educating people about Cryptocurrency, I moved on to create token and start the Launching of a Decentralized Exchange, called Fudmart Swap (Currently being developed)
I have being in the Cryptocurrency industry for 5 years now
Very interesting background
Thanks for answer
Can you introduce about Fudmart to the IDCrypto community?
Okay. Before I talk about Fudmart Token, let me talk about the name, Fudmart.
I came about the name when I voluntarily resigned from my Banking Job and wanted to start a Food mini Mart.
So instead of calling it a FoodMart, I shortened to Fudmart
And that was how the name Fudmart was born
So let me talk about Fudmart Token
Fudmart Token is the Token of Fudmart Swap. It is only 30000 token in total Supply. Currently trading on Uniswap Exchange at $5 per token. The token will be used for Airdrop Reward, Staking/Liquidity Mining Reward, Liquidity Pool Investing etc
We care about investors and users that is why the Exchange will be built on Binance Smart Chain because of the Low Transaction Fee on the BSC Network.
Very good, I hope the community can read it
I think Fudmart is very interesting to us,
Next, what is the best achievement that Fudmart has got so far?
Fudmart Token was created in late 2020, Since the Launch of the Token, we have achieved the following:
- Listed on Uniswap Exchange.
- On the 10th of February, it will be listed on Sushiswap Exchange at $14 per Token.
- We have started development of the Exchange.
When we finally Launch our Exchange, an Airdrop Reward will done to reward early Investors
Development of the Fudmart Exchange Project has began, and Airdrop Reward will be given to those who Qualify.
How to Qualify for the Fudmart Token Project Airdrop
- Buy and Hold Fudmart Token: Buy Fudmart Token and Hold your Token till Fudmart Token starts trading on the New Exchange. The amount of Fudmart Token you buy determines the Airdrop Reward you will receive.
- Invest in Fudmart Liquidity Pool: Stake your Fudmart Token and Ethereum on FMT Uniswap Liquidity Pool.
- Sign up to Fudmart Token Bot and Refer a Minimum of 200 People to sign up to the Fudmart Token Airdrop Bot
can you give us the details and url, where can we buy FMT token?
There are only Two ways to buy Fudmart Token:
- Uniswap Exchange
Buying from Uniswap requires Transaction fee but buying from the Website doesn’t require Transaction Fee
Minimum amount to buy is 1 FMT
Maximum is $2000 worth of FMT
SESSION 2 (QUESTION FROM TWTITTER)
Marketing is a central element for every project. So that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Fudmart and keep them long term?
From the Marketi
Official Fudmart Token Airdrop Bot
ng standpoint, we have a Lot of strategies in play
These are our Marketing Strategies:
- AMAs with different Crypto Communities
- Medium Marketing
- Telegram Marketing
- Discord Community Marketing
- YouTube and Facebook Promotions
- Incentive driven Programs to encourage purchase of the Token, liquidity pool investing, Trading activities
- Airdrop Reward etc
Most of these strategies are already being deployed.
While we are kicking of some before the launch on Sushiswap Exchange
On your twitter profile there are several different websites, then my question is, what isd the relationship between web design services with Fudmart Token?
Fudmart Technology Resources is a Registered company in Nigeria. As an Information Technology company, we have different arms of the company
Fudmart web design service handles and supervises web design projects related to Fudmart Token and Fudmart Exchange Project
I can’t find a whitepaper on Fudmart Website, Can you explain the utility and use case of the FMT token?
Whitepaper is part of our To-Do List, along with the Road Map. They will be displayed on the Fudmart Token Website once they are ready.
And I have shared part of the Roadmap here
Here are some of the Token Purpose/utility:
- Airdrop Reward
- Staking/Liquidity Mining Reward
- Liquidity Pool Investing
- Liquidity Mining investing
- purchase new tokens on our Exchange Launchpad etc
Also as Governance Token when governance is introduced after the Exchange is Launched
many investors sell their tokens on a large scale when the project is listing, one week makes the price of tokens go down, what are the benefits for holding FMT tokens?
Price fluctuation is natural phenomenon with Finance in general whether it is Cryptocurrency or Fiat Currency. But here is what we are doing to encourage people to Hold their tokens rather sell:
- Airdrop Reward for Holders
- Liquidity Pool Programs with earning potential
- Liquidity Mining/Staking with incentives etc
I believe these options will encourage investors to Hold.
Also we limited the amount investors can purchase at $2000 Max.
That way no one hold an amount that will hurt the Price
Of the many blockchains, starting from tron, bitcoin, atomic, binance smart chain, and many others, why did you choose Erc20? what are the advantages and reasons you choose it?
The Ethereum Ecosystem is the Largest Ecosystem in the Cryptocurrency space. So we decided to launch the Token as an Erc20 Token
However, the ethereum network is not perfect because of network congestion and high network fee
So we are building the Fudmart Exchange Project on Binance Smart Chain.
We care about our Investor and users, so choosing Binance Smart Chain means they pay low Transaction fees
Also the Exchange will have a bridge between ERC20 and BEP20
So it will be easy to move Fudmart Token from the Ethereum Ecosystem to the Binance Smart Chain Ecosystem
And also the Fudmart Exchange bridge will enable traders to trade any ERC20 token on the Binance Smart Chain
SESSION 3 (FREE ASKING)
Is Fudmart a global project or local project? Can anybody from anywhere use Trustbase services (I mean developers) without any restrictions??
Fudmart is a Global Project. There are no restrictions
Most new DeFi projects are just copies of existing ones, they are just useless. So, what’s unique about your project & what makes $Fudmart trustable as a long term project for users and investors?
Fudmart token and it’s Exchange is not a Copy. I believe it’s the first Exchange that is primarily focused on Rewarding it’s Users Loyalty with the Airdrop Programs, Liquidity Pool and Mining/Staking Programs.
This I believe is a Good reason for any investor who wants a Good return on Investment to be a part of Fudmart Token
Fudmart Technology Resources
Website and Android App Developer
Is your FMT token listed on major exchange? And what are the ways to get more tokens?
Fudmart Token is Listed on Uniswap Exchange
Next is Sushiswap Exchange on the 10th of February, 2021 at the Price of $14 per Token
Listing on Binance Exchange is our Ultimate Goal but we have to Prove ourselves
How does Fudmart provide transparency and safety for their users and what sort of a reward structure is there for the token holders?
Transparency and Trust is very important to our Project.
There is nothing to fear from our Project. Here is why:
- Token supply is only 30000 Tokens. Once we are done with Listing on Exchanges, team token will be locked along with the Liquidity Tokens. This is to Prevent Rug Pulling and Dumping by the Dev. Team
- Our Reward Structure is designed to Reward active and loyal Users.
From where I can buy Fudmart token? Currently is it listed on any exchange?
There are only Two ways to buy Fudmart Token:
For project development, the main priority is to have sufficient funds. Is your team financially able to carry out this project? Do you have sufficient funds for development?And how we can get benefits from your project?
We have enough funds but we are always open to having more Funds from investors.
And we have plans for Such Investors