Transcript: HakuSwap AMA with AVAX Daily February 17th at 2 PM UTC

@Dale116: Hello everyone 👋👋 Welcome back to another AMA with AVAXDaily 😁
I’m Daley — your host for today and together with me is Mr. @thehakusan — CEO of Hakuswap 🤩
Hello and welcome back to the group @thehakusan 😎 How are you doing.

@thehakusan: Thanks so much for the follow up AMA!
I’m doing great today and excited to be back

@Dale116: yeah it’s exciting indeed! We have to make up for the last time you were here.
Telegram has a terrible accident and I could not welcome you properly!

@thehakusan: Haha what a day! I ran the ama solo

@Dale116: Yeah I know! You did surprisingly well to be honest. Yeah I know! You did surprisingly well to be honest. So, are you ready to start the AMA right away? @thehakusan

@thehakusan: Of course 😎

@Dale116: perfect! so why don’t we start by re-introducing yourselves to the audience! Is the Team still together or has there been a little change?

@thehakusan: I am the Hakusan, CEO of Hakuswap.com. Hakuswap is the next generation DEX AMM on the Avalanche C-Chain.
I am a long time crypto holder since the OG Bitcoin Days of 2012/2013 and have worked & built many of the top defi protocols many of you have used over the last 2 years 😁
Our team has a wealth of experience building SAFE & High APR farms, lending protocols, NFT projects, and infrastructure tools.
Our team is growing! Our Spanish and Korean community is growing and we’re adding a Japanese community soon

@Dale116: that’s fantastic news, but I thought you would be interested in opening the Japanese community first 😂 Next one
Q1: Please give us a short introduction about Hakuswap. And how has the project been for 1 month since our last AMA? Any updates?

@thehakusan: It’s all about finding the right people for the job 😂
HakuSwap is the newest Dex on Avalanche with the lowest fees and the highest APRs for Defi investors & traders! HakuSwap is a crypto world for users to trade, earn, and game. It is the premier choice for projects on Avalanche with features including AMM, NFT, and GameFi.

@Dale116: The project is heavily inspired by the Japanese culture so I think you guys will be fine 🙌

@thehakusan: Features

⛰Lowest Exchange Fee — 0.2% per swap
⛰50% of Swap Revenue Sharing with xHAKU holders
⛰NFT staking and mining
⛰Metaverse expansion
⛰Trade Mining — get paid to trade!
⛰High APR Farming & Staking Pools!
⛰Analytics — See all the trades and liquidity on the HakuSwap Dex!
⛰Free Token Multisender
⛰1 Click Zap LP Creator
⛰Free multichain bridge with anyswap/multichain integration. You can bridge from Eth, BSC, Polygon, FTM, and AVAX

Updates since we last spoke.

Our $HAKU public sale sold out 100% of the $500,000 in only 40 minutes! It was amazing.
TVL is now over $8 million and growing everyday. $HAKU holder count continues to grow with 875 holders and many active addresses.
Coin gecko added both $HAKU as a token and exchange.

👇Token price and information:
⚡️https://www.coingecko.com/en/coins/hakuswap

👇Exchange:
⚡️https://www.coingecko.com/en/exchanges/hakuswap

We’re about to sign the paperwork for a comprehensive Certik audit
Our bridge is ready to deploy
The game The Battle of HAKU is coming out soon

@Dale116: wow that IS impressive. I remember when preparing for this AMA, your TVL was just a little bit above 7 million.

@thehakusan: And our first NFT focused partnership with Billion Happiness comes soon! https://twitter.com/HakuSwap/status/1493857679856521222?t=cbk2OFtqnLbia7m25Pk8rQ&s=19
And we have a number of partnerships in the works.
Growing everyday 😁 I think we’ll hit $100 million soon with a $3–5 HAKU

@Dale116: I think we need to address the Elephant in the room here, you “dominated” the Avalanche’s top TVL gainers in 1 week with an outstanding $5 millions (around it). And now it’s gone up to more than $8 millions. Talking about growth rate!
Q2: Do you expect doing this well in the first week? How do you expect Haku to perform in the next 2 weeks?

@thehakusan: Oh and a massive liquidity event with ONTO wallet! https://twitter.com/ONTOWallet/status/1494250275149910020?t=5davGyUO7OyR5J-RAX50zQ&s=19

@Dale116: of course haha, it has been quite an eventful month for Hakuswap! partnerships left and right!

@thehakusan: We are believers in if you build it well and safely, TVL and price action follows. You don’t need a shill campaign to get proper price action and tvl.
Our Goal is $100 million TVL and we’re confident with our road map, partnerships, and marketing strategies that we’ll sail past 100 million fairly quickly.

@Dale116: Absolutely! Let’s talk about your features also, you released staking already, and trade mining is nice too, free token while trading, that’s pretty unique.
Q3: One feature that I really like is the multisender, the name is kinda explain what it does, but would you mind explaining this to the community?

@thehakusan: The multisender is live! It’s another free tool we’re providing the community. The multisender allows you to send a batch of tokens to up to 500 addresses in one transaction for free! Just pay a little bit of gas which is almost the same gas cost as a normal transaction.
So @Dale116 if you ever need to get AMA rewards out to your community, you can use our free multisender to do that in one batch transaction 🚀🚀👑

@Dale116: Yeah it’s exciting 🤩but sadly we only do prizes in BUSD, any thought about cross-chain though @thehakusan

@thehakusan: Haha just focused on AVAX for the moment 😉

@Dale116: I suppose that’s the best too 😁 Next question:
Q4: Hakuswap is a DEX but also releasing a P2E Games, so why did you decide to build additional paths to NFT and GameFi? Also, what about the Metaverse of Hakuswap? Will the Virtual Real Estates be sold there?

@thehakusan: Gamefi and NFTs is the important next step in crypto & defi. We’re seeing massive adoption of crypto through these mediums. Many of the NFT & Gamefi collectors/players first foray into crypto is an NFT or playing a P2E game.
We want to be able to go give investors, collectors, and players the best experience possible with a full feature protocol that contains all the best features of a swap with Gamefi, and NFT exchange, Play to Earn Games, and metaverse with virtual real estate
And of course all of our releases will use $HAKU to drive utility of our token.

@Dale116: yeah and what about the concept of the NFT and Game though?
Taken from your profile pic, it must be ninja-related right?

@thehakusan: I’ll give you a small overview of “The Battle of Haku” our first play to earn game 😁
Our play to earn game “The Battle of Haku” is undergoing swift development and we’re so excited to push it out.
The Battle of Haku has Monks and Ninjas.
Monks can be staked in the Temple to earn $HAKU and pay a tax anytime they claim their $HAKU earnings
If a Monk is unstaked from the Temple, the Ninjas try to steal all of its accumulated $HAKU
When a new Monk is recruited, the Ninjas attempt to kidnap it. If they’re successful, it’s given to a randomly selected Ninja, instead of the owner who minted it
You have a 10% chance of minting a Ninja, each with unique traits, including an Alpha value ranging from 5 to 8. The higher the Alpha value:

- The higher the portion of $HAKU that the Ninja earns from taxes

- The higher chance of stealing a newly minted Monk or Ninja

@Dale116: so the Monk produces $HAKU and the Ninja can steal the Monk from another holder 👀

@thehakusan: That’s right and you can get better and stronger NFTs by using your $HAKU to buy them

@Dale116: the concept sounds really cool 🤣 I don’t know if I even want to have Monks though now that I can steal from people

@thehakusan: The Ninjas will be rare with only 10% of all the NFTs for them. We’re expecting some of the high powered Ninjas to go for 50+ $AVAX on the secondary market

@Dale116: I love the odds, not too many people can have it but enough to create that “the ninja is OP, I must have it” effect
So Q5: What about your tokenomics? Are all your allocations deflationary? And how is the emission scheduled?

@thehakusan: Overall there are 100,000,000 total $HAKU but with frequent burning & automatic protocol burns we’ll see a much lower amount of total $HAKU after 4 years 🔥
It’ll take 4 years for all the HAKU to be fully released to the public.
Our emissions direct tokens to the Farms, xHAKU staking, NFT staking, and trade mining. The trade mining will go live in a few days once the TVL builds up some more 😁
70% of all HAKU tokens are reserved for the public.

-35 million for farming rewards

-5 million for NFT rewards

-15 million for xHAKU rewards

-15 million for Trade mining rewards

-22 million is set aside for ecosystem and initial liquidity

-8 million is for the test vesting over 8 months

The best part about the HAKU emissions is that they will decrease by 5% per month automatically. This makes it harder to earn $HAKU and combats inflation.
Currently there is only 1 HAKU per second going to the public via the masterchef contract. So emissions are very low at the moment.

Users can earn $HAKU 4 ways.

1. Stake your LP tokens in the Farm. The highest earning pool will be $HAKU-AVAX.

2. stake your Hakuswap NFTs for HAKU. We’ve allocated 5% of all tokens for NFTS. All of our P2E games will be able to earn and spend $HAKU

3. Stake your HAKU for xHAKU to earn more HAKU daily via market buy backs from protocol swap revenue and the single xHAKU staking pool.

4. you can earn HAKU via trading! Every trade will reward you with HAKU!

The great part of the trade mining is that every time you’re trading you’re making money 🤑 Trade mining will be live in a few days.
We also use 50% of all swap revenue to buy back and send to our xHAKU stakers.
Each day all the LPs from the trading fees are broken and is used to market buy $HAKU. Other Dexes many only use 16% of trading revenue.
Our staking program is super aligned to reward long term $HAKU holders.
$HAKU holders can stake their $HAKU for $XHAKU and earn their share of the 50% of protocol fees + $HAKU + partner tokens + governance rights.
Users can withdraw from $XHAKU to $HAKU at anytime but there is a 4% fee assessed if withdrawn before 30 days.

🔥2% of the fee is burned forever and 2% remains in the pool to reward the holders.

So far $XHAKU stakers are earning 40% APR from the withdraw fees + swap fees alone. They can stake their XHAKU for HAKU for another 765% APR.

We are in works to develop our own NFT market place and virtual real estate. Our end goal is to build our own metaverse town for Hakuswap and all our partners. And the primary driver of value will be the $HAKU token. 🚀

@Dale116: yeah I’m excited about that trade mining too! so we can just trade with any token with Hakuswap right? It doesn’t have to be $HAKU?

@thehakusan: That’s right! Any incentivized farm will have a trade mining incentive as well.
We can see trade mining helping to 4x our daily volume. That means LP holders will get PAID 🤑

@Dale116: Q6: Hakuswap also has Governance by holding HAKU or xHAKU, but what have the community voted on that actually affected the development route of Hakuswap so far?

@thehakusan: Currently governance is not enabled. Once the Hakuswap Protocol has more TVL & Holders we will roll out governance for HAKU and xHAKU holders.

@Dale116: Got it! Q7: Let’s talk about the newest event though: the “Liquidity Farming Event”. What is it and how can we join?
just to make sure you don’t miss this question, Imma tag your name haha 😂 @thehakusan

@thehakusan: Thanks!
It’s very easy to participate in the Liquidity Farming Event with our friends at Onto wallet 😁

1）Install ONTO Wallet
2）Add AVAX-HAKU liquidity in Haku Swap dApp within ONTO.
3）Stake at least $10 AVAX-HAKU LP in the AVAX-HAKU farming pool of Haku Swap dApp in ONTO.

Please note you MUST use the ONTO wallet to qualify. There is a $4,000 prize pool!

And more instructions are here https://medium.com/onto/onto-and-haku-swap-team-up-for-a-4-000-liquidity-mining-campaign-278ada1e1d3

@Dale116: I would love to see more collaboration between Hakuswap and other wallets 🤩it’s also a neat way of incentivizing your community too
So for the last question:
Q8: Where can we find out more about Hakuswap?

@thehakusan: We have a few partnerships lined up with other wallets 😁 Keep your eyes on our socials for the events.
🌐https://hakuswap.com/
🐥https://twitter.com/hakuswap
🗞https://hakuswap.medium.com/
👾http://discord.gg/hakuswap
🤳https://t.me/hakuswap

https://docs.hakuswap.com/ is the best way to read about

We have 24/7 moderator coverage if you ever have a question in our discord and Telegram

@Dale116: noice! be sure to follow and research about Hakuswap peeps!
Thanks a lot for answering questions from the host @thehakusan 🔥
Let’s move to our next segment — Live Questions
In this segment, chat will be open and you guys may send questions related to Hakuswap.
Our speaker will choose the best 5 questions to answer and those with the best questions will share $50 BUSD!
Please follow the RULE:

1. You must include YOUR username in the question to be qualified for the Prize distribution.
2. Those without their usernames in the question will not be distributed despite being chosen by the guest

Are you ready @thehakusan ?

@thehakusan: I’m ready!

Telegram Community Live Questions

Q1. I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ? @Nighthawk354

@thehakusan: Stay tuned to our channels. We’re developing an ambassador program to reward our loyal community!

Q2. Having Sustainable Tokenomics is really a headache for many projects,

How will HakuSwap Ensure that you have sustainable and solid tokenomics? @Tommy_UK

@thehakusan: continuous buy backs, decreasing emissions, massive partnerships, play to earn games, and much much more.

Q3. HakuSwap features a launchpad to help starter projects. What are the requirements needed for a project to apply? What forms of support do you offer to a project? Why should projects choose to launch in Haku Swap launchpad than other launchpads?‌‌ @mikeymms

@thehakusan: We encourage projects to apply via our partnership portal.
We can offer a farm, trade mining, marketing, dev consulting, and open our network to the partners.
https://docs.google.com/forms/d/e/1FAIpQLSePw9y_LsviBJTPSMH2rTXfb4LD7c0TSdtwY1KHZRTgXdJJw/viewform

Q4. Hello sir.
You explained that monks Nft are staked to get $HAKU.
I read in your documents about staking xHAKU. Is there a difference in the percentage of yield? @rity2_4

@thehakusan: Yes there will be a difference in the APRs.
xHAKU will earn 2 types of APRs. The first is the withdraw fee income + daily buy back income. The second is staking APR.
The NFTs will have so many ways to earn i’d suggest keeping in touch with us to make sure you get all the info when it’s released

Q5. #HakuSwap is an amazing project. I really wonder about the team behind it. As $HAKU holders, I wonder who I’m dealing with
Could you share about your team? The Identity and the qualification attached to each team member? @Leonita278

@thehakusan: Hakuswap was developed by the Jetfuel Ecosystem team. A long time, safe, and strong development team with a well funded treasury. The team has built Jetfuel Finance, Jetswap Finance, Fortress Loans, Fastyield and of course, Hakuswap 😍
We are going to start a marketing campaign to give the community a chance to build the best guides and tutorials to use Hakuswap!

@Dale116: And I think that’s 5 for the Live question!
Those whose questions did not get picked, feel free to check out their socials and raise your questions there!

@thehakusan: 🌐https://hakuswap.com/

🐥https://twitter.com/hakuswap

🗞https://hakuswap.medium.com/

👾http://discord.gg/hakuswap

🤳https://t.me/hakuswap

@Dale116: yes thank you! With this we are now at the end of our AMA session with Hakuswap 🔥🔥🔥
Time for wrapping up, any last words you would like to say to our community? @thehakusan

@thehakusan: Thank you so much for coming to the AMA.
Be sure to buy some $HAKU to support the project.
https://exchange.hakuswap.com/#/swap

@Dale116: Thank you @thehakusan once again for coming back to the AVAXDaily community! It has been a pleasure
Best of luck to you and Hakuswap! 100 millions TVL incoming ✈️✈️
That’s the end of the 2nd segment Live Questions. Thank you everyone for sending your questions.