Transcript: HakuSwap AMA with CryptoGirlFriend February 4th at 5 PM UTC
@CryptoGrlfriend: Welcome everyone. Today I will be conducting an AMA in here with @HAKUSWAP. I have muted the channel during the AMA. At the end I will unmute and you will have the opportunity to ask some questions to @thehakusan !
Welcome @thehakusan, it’s nice to have you with us today! Can you please introduce yourself to the community?
@thehakusan: Hey everyone! I want to start this AMA and thank @CryptoGrlfriend for hosting! As a thank you to every one here please fill out this form for some FREE HAKU!
https://gleam.io/uqdRF/hakuswap-x-crypto-girlfriend-ama-giveaway
@CryptoGrlfriend: WOOP! Free tokens to everyone here!!
@thehakusan: Just join our community’s and we’ll airdrop it after our launch on Tuesday :) Now back to your question.
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 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.
@CryptoGrlfriend: That’s great! and for those that are not yet on AVAX you can simply add that network to your metamask by using this link: https://rpc.info/
@thehakusan: We’re so excited to launch Hakuswap to bring super low fee and highly liquid swaps to Avalanche with an emphasis on NFT and Metaverse.
@CryptoGrlfriend: It’s the 1st one listed, Avalanche!
So tell us a little bit more about Hakuswap. Give us some more details of your project!
@thehakusan: Sure thing. Hakuswap is coming LOADED with great features and an intuitive UI so it’s easy for users to interact with our exchange.
Our website is Hakuswap.com. Please be sure to check it out!
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.
🥇Features
-Lowest Exchange Fee — 0.2% per swap
-25% 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
🗺 Roadmap
-Integrated Cross-Chain Bridge
-Metaverse with real estate and NFTs
-NFT Staking
-NFT Marketplace
-User Profiles
Hakuswap is named after Mount Haku, one of the 3 holy mountains in Japan. Our mascot is the Monks of Mount Haku 🏔
@CryptoGrlfriend: So how many other DEX are there on AVAX because I thought I just saw a graphic that you were already listed as one with the most volume. Is that right?
@thehakusan: Maybe soon we’ll be the one with the most volume! I think you saw the graphic with Hakuswap gaining the most TVL in 1 week in terms of percentage increases 😁
We are anticipating $50 million TVL fairly quickly after our launch. and as we gain more partnerships and develop our road map, $1 billion is the goal
@CryptoGrlfriend: That’s probably what I saw!! That’s HUGE though. This is amazing! I can’t wait to see what happens here.
@thehakusan: A big reason the team and I build is so we have a safe place to put our assets. There are so many rug pulls and bad devs out there it can be a mine field trying to find a good place to earn a safe yield.
@CryptoGrlfriend: And that leads me to into some of the important items. With all of the hacks/exploits/scams, how can an investor trust their funds in your platform?
@thehakusan: and if we can provide an attractive protocol for the community, that’s even better ❤️
@CryptoGrlfriend: I will have to say the site design looks very clean. 😁
@thehakusan: Hakuswap is built using tried and tested code that’s been heavily scrutinized by the audit community with billions of transactional volume flowing through it.
Our base code is forked from Pancakeswap (router), Spookyswap (xHAKU), and Babyswap (factory, Trade Mining).
In addition to using previously audited code, our team hired two additional auditors to ensure that we are ready for production. Ready for production means the code is safe to go live!
You can find our audits and smart contracts on our docs page
Audits: https://docs.hakuswap.com/audits
Smart Contracts: https://docs.hakuswap.com/developer-resources/smart-contracts
@CryptoGrlfriend: That’s wonderful that you have sought out additional audits for your platform. Something I’m going to be doing as well once our NFT Marketplace is done being developed.
Which brings up the topic of NFTs. I do see you have a coming soon section for NFTs on your site. What do you have in store for NFTs?
@thehakusan: We have a lot planned with NFTs!
@CryptoGrlfriend: spill it!!
@thehakusan: Part of our tokenomics will provide our NFT holders with income via staking. And we’re developing a play to earn game that is nearly finished!
The title isn’t final yet but it’s a battle/tax game where The Monks of Mount Haku vs The Dark Valley Ninjas.
Both sides can earn HAKU and spend HAKU to gain more NFTs.
@CryptoGrlfriend: Can you actually play and fight or is it just more like clicking like the Metamon game?
@thehakusan: It’s an interesting take on the popular Wolf Game NFT project that launched on Eth a few weeks back.
@CryptoGrlfriend: I will have to check out that game and see what’s up!
@thehakusan: The Monks can earn HAKU tokens and the Ninjas try to steal it. You can play it safe and pay a tax to the Ninjas or Risk not paying the tax to keep all your HAKU but you may end up losing it all!
@CryptoGrlfriend: I think GameFi is the future in the crypto space. That does sound kind of fun!
@thehakusan: The initial NFTs will be purchasable with AVAX but after the GEN 0 batch is minted the only way to get more NFTs is to use your HAKU!
We’re also developing a virtual land that will be ready for the public later this year. I heard we’ll only accept HAKU tokens for the land 😁
@CryptoGrlfriend: Oh I have to get in on this. I’ve become addicted to NFTs now. Any opportunity I have to buy virtual land now I’m taking.
@thehakusan: Absolutely!
@CryptoGrlfriend: Let’s talk about your Token and the tokenomics behind it
@thehakusan: Lets do it! What do you want to hear first :)
@CryptoGrlfriend: Is it an inflationary farm token, is it fixed supply, does it give rewards? You know all the deets. and what price is it going to start at
@thehakusan: The HakuSwap token HAKU is a token that will launch on the Avalanche Blockchain with a 4-year emissions schedule.
HAKU Contract: 0x695fa794d59106cebd40ab5f5ca19f458c723829
(https://snowtrace.io/token/0x695fa794d59106cebd40ab5f5ca19f458c723829)Max Supply: 100,000,000 HAKU
Public Emissions: 70,000,000 HAKU
Ecosystem Rewards: 22,000,000 HAKU
Team Rewards: 8,000,000 HAKU
We understand inflation is a killer of projects so we’ve implemented an automatic 5% reduction in monthly rewards, every month for 1,440 day!
The HAKU token sale goes live this MONDAY FEB 7TH!
You can join the sale at https://hakuswap.com/iho
Start time is 5 PM UTC on Feb 7th.
🗻Sale Price: $0.40 USDC
🗻Raised in USDC
🗻Per Wallet Cap: $5000
🗻1,250,000 HAKU for Sale (1.25% of HAKU)
🗻$500,000 USDC Hard Cap
🗻First Come First Serve
🗻The sale is open for 24 hours or until sold out
$500,000 initial HAKU-AVAX liquidity
Get ready for the sale here: https://hakuswap.com/iho
625,000 HAKU will be added with $250,000 of AVAX to kickstart the HAKU-AVAX liquidity and ensure sufficient liquidity for swapping.
@CryptoGrlfriend: What? So it’s actually a deflationary farm token?
@thehakusan: Max supply is 100 million but it takes 4 years to get there. we’ve added some deflationary measure to ensure that we’ll never hit 100 million 😉
xHAKU is our fee sharing staking program for the exchange.
@CryptoGrlfriend: That’s what it seems like. Definitely worth checking out.
So $5,000 max limit to buy, on February 7th, on your website at 5pm UTC. Did I get that right?
@thehakusan: 25% of the exchange revenue will be used to automatically purchase HAKU from the market and it’s sent to xHAKU stakers.
To get xHAKU you must stake your HAKU. xHAKU is free to move in your wallet and can be used for governance and additional earning opportunities.
There is a 30 day waiting period to withdraw your xHAKU to HAKU with no fee. If you withdraw before 30 days a 4% fee will be assessed. 2% of the fee is burned 🔥& the remaining 2% is shared back to the xHAKU pool. This rewards long term holders. That’s right! The sale will go fast 🏃
@CryptoGrlfriend: I’m sure it will! I am always looking for new yield farms. I have not used AVAX much yet, but I will definitely be looking into this one!
I want to remind everyone in here to complete this form with your wallet address to be airdropped some free tokens next week! https://gleam.io/uqdRF/hakuswap-x-crypto-girlfriend-ama-giveaway
@thehakusan: so far 82 winners:) maybe less, we’ll need to scrub the list of bots
@CryptoGrlfriend: What are your long-term goals and plans for this project??
@thehakusan: Short term is to build out our play to earn games and be THE dex on Avax for Metaverse & NFT projects. Shortly after launch our integration with anyswap will be finished so people can easily bridge their assets to Hakuswap with out leaving our protocol.
Long term is to develop our virtual ecosystem of real estate, NFT market place, NFT launchpad, VR integration, build trader profiles, launch a referral system.
@CryptoGrlfriend: This sounds great! I look forward to seeing all of this unfold. :)
@thehakusan: As the market adjusts we’ll adapt our roadmap and priority’s. As you know, this market can shift quickly due to rapid development of thousands of builders. We want to stay ahead of the curve to give users what they want with a friendly, safe, and high yielding environment.
@CryptoGrlfriend: Before we open up the chat to questions from the audience is there anything else you would like to share? Please provide links to all your socials too
@thehakusan:
🌐Official Website: https://hakuswap.com/
📕Docs: https://docs.hakuswap.com/
🐥Twitter: https://twitter.com/hakuswap
🤳Telegram: https://t.me/hakuswap
🔓Audits: https://docs.hakuswap.com/audits
📰Medium: https://hakuswap.medium.com/
🕺https://discord.gg/hakuswap
Get ready for our token sale of $HAKU on Monday!
👉https://hakuswap.com/iho
@CryptoGrlfriend: If you haven’t already, complete this form for free token airdrop: https://gleam.io/uqdRF/hakuswap-x-crypto-girlfriend-ama-giveaway
Thank you @thehakusan ! Let’s open up the chat for any questions from the audience!
Telegram Community Live Questions
Q1. I noticed that, unlike other swap projects, HAKUSWAP is the only exchange on Avalanche that focuses on NFTs and Metaverse, why would an exchange focus on NFTs and specifically Metaverse? Is HakuSwap focusing on NFT and Metaverse because a swap project has low revenue?
@thehakusan: In the last 6 months the market has shifted to Metaverse, NFTs, and Play to Earn games. They are bringing massive amounts of users and transactional volume. We want to be able to assist the projects with marketing, liquidity, and partnerships.
If we can help a few P2E & NFt projects grow then our trading volumes will grow along side them.
Of course we are open to any legitimate project that wants to partner with us.
Q2. Trade Mining is a concept that I have only seen in HakuSwap. It is a very innovative way to encourage the trade. Can you give us details of how it works? How profitable is it for the project?
@thehakusan: Yes trade mining is great! Many traders don’t like to pay the swap fee so we wanted to encourage more trading by rewarding the traders and give them HAKU for every trade.
15 million HAKU is reserved for trade mining which comes out to 0.12 HAKU per second over 4 years. Everytime a trade is made that HAKU is rewarded to the trader :)
Q3. Hello @thehakusan 🖐️
HakuSwap defines itself as a Best DEX AMM on Avalanche. I like assertive projects indeed. But considering how many factors, you are easily stating this on your social media? Will you apply for any “Avalanche Award” activity to enhance this?
@thehakusan: Yes of course! We’ll apply for any reward available to help promote the project.
Q4. I see there are 2 tokens $HAKU and $XHAKU. Can you tell me it’s utilities individually? And how is governance tokens works? Can anyone hold tokens have right to vote?
@thehakusan: Great question. HAKU is our liquidity incentive and governance token for Hakuswap.com.
Users can earn HAKU via NFT Staking/Play to Earn Games, Liquidity Mining (Farming), Trade Mining, or staking xHAKU.
xHAKU is the governance & revenue sharing token for Hakuswap.
Users can stake their HAKU for xHAKU to earn 25% of the daily revenue from Hakuswap through market purchased HAKU.
Q5. How to buy $HAKU
@thehakusan: Get ready for the $HAKU token sale on our launchpad!
We go live at 5 PM UTC on Monday February 7th!
🗻Sale Price: $0.40 USDC
🗻Raised in USDC
🗻Per Wallet Cap: $5000
🗻1,250,000 HAKU for Sale (1.25% of HAKU)
🗻$500,000 USDC Hard Cap
🗻First Come First Serve
🗻The sale is open for 24 hours or until sold out
Get ready for the sale at https://hakuswap.com/iho
Any questions be sure to join our Telegram & Discord communities to ask questions.
@CryptoGrlfriend: Thank you so much @thehakusan for being here today and for your very generous airdrop of tokens to our whole community!
If you haven’t complete this form and do the tasks for your tokens: https://gleam.io/uqdRF/hakuswap-x-crypto-girlfriend-ama-giveaway
@thehakusan: Thanks so much for inviting me! You are a great AMA host 😁
