Transcript: HakuSwap AMA with Multi-Chain Booster January 12th at 2 PM UTC
@Paopaocito (Multi-Chain Booster): Today we have the great Hakuswap with us, cannot wait to hear more about it!
We have with us @thehakusan representing the project, an honour to have you here with us sir!
As a start, I would ask you to, please🙏, tell us a bit about yourself and introduce this fabulous project for our audience.
@thehakusan (HakuSwap): Thanks so much ❤️
Absolutely 🚀 My Role within the project is the CEO and Founder of HakuSwap. I have an extensive background in Finance, Entrepreneurship, and Team Building, having worked on many defi projects prior to HakuSwap.
I guide the developers, markets, community managers, and community on the mountain path to success!
Hakuswap is a brand new DEX AMM on the Avalanche Blockchain. We offer the lowest fees with the highest possible APRS!
We have the best features to ensure our community has a great experience with swapping and earning at Hakuswap.com!
Our exchange combines the best features from Pancakeswap, Spookyswap, and Trader Joe to give investors low fee swaps, fee sharing with our xHAKU staking pool, NFTs, Metaverse, Virtual Real Estate, NFT staking, and more!
We’re also implementing some quality of life features to Hakuswap like a FREE token multi sender. Need to send a token to 20 addresses? Our multisender can do it for you for FREE!
We’re also working to integrate anyswap into our dex to allow users to bridge in and out of avalanche EASILY with super low fees and fast execution
Be sure to join our Telegram: https://t.me/hakuswap!
@Paopaocito (Multi-Chain Booster): Really impressive and we know the Avalanche ecosystem is growing fast!! And this project will be a significant part of it🔥🔥
Super low fees and fast execution? That’s incredible.
After the warming up, let’s go to our Twitter questions and let’s see what our audience would like to know more
Are you ready 💥💥
@thehakusan (HakuSwap): Lets gooo
@Paopaocito (Multi-Chain Booster): Let’s roll 🌪🌪
5 questions $50 in $HAKU Tokens to each selected question
№1 Without sufficient fund any project can not carry out their development whatever it is good. To me the main priority is to have sufficient funds to run a project. Is your team financially able to carry out this project? How this project generate revenue for both project & users? @TanjinJahan4
@thehakusan (HakuSwap): 🚀Hakuswap launches with a $500,000 Tokensale on Jan 17th!
👉Get ready for the presale here: https://hakuswap.com/iho
We will use half of the raised funds to jumpstart the initial liquidity with $250k of AVAX paired with 625,000 HAKU at $0.40 per HAKU for $500,000 in initial liquidity!
🗺 We plan to use the remaining funds to invest in marketing, additional contract audits like certik, and fund development to achieve our extensive roadmap.
Hakuswap has a very small trading fee at only 0.2% per trade! That means we have one of the LOWEST trading fees on Avalanche. Combined with the super fast and super low fees on AVAX HakuSwap will have tremendous trading volume. Out of the 0.2% trading fee, 0.05% of the fee is reserved for the Treasury to help fund operations.
Users earn 25% of all trading fees with by staking their HAKU for xHAKU and earn 50% of the LP when they provide liquidity to HakuSwap.
The HakuSwap team is also allocated 8% of HAKU tokens vested over 8 months.
With the Haku Token Sale, Trading Fees, Huge Marketing Plans, and team tokens, The Hakuswap project is well-capitalized to be long term successful
@Paopaocito (Multi-Chain Booster): Thanks a lot, great to hear this for the potential investors in the audience🚀🚀🚀
Sustainability is important and it is nice to see you have this in mind
Our next question concerned about tokenomics distribution
№2 Can you explain how is your project HakuSwap Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?@jhirtyf
@thehakusan (HakuSwap): 🗻The HAKU Token is a hard cap token with 100,000,000 total HAKU tokens to ever be in circulation.
70% of HAKU will be distributed to farmers, stakers, and NFT holders with a 4 year farming timeline. We understand that inflation can be the detriment to projects and we have built in an automatic 5% monthly reduction in rewards.
22% of HAKU is reserved for ecosystem rewards vested over 4 years.
8% is reserved for Team reward
70,000,000 reserved for liquidity incentives is allocated as follows
Farming Rewards — 35,000,000 HAKU
NFT Rewards — 5,000,000
xHAKU Rewards — 15,000,000 HAKU
Trade Mining — 15,000,000
Each time a user TRADES at Hakuswap they get PAID with HAKU! It’s like a fee rebate on steroids 💪 With our smart tokenomics, 4 year vesting period, and 5% monthly automatic reduction in rewards, HAKU is set up to be a high TVL and high marketcap Dex
@Paopaocito (Multi-Chain Booster): Thank you sir, great to know you have this covered the mechanism. You have answered part of our 3rd question before, but i think you can elaborate more.
№3 What are the benefits of holding your token as a long-term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?@imrun96
@thehakusan (HakuSwap): We firmly believe in support our token HAKU as much as possible in order for Hakuswap to be successful.
We’ve built a staking program called xHAKU.
xHAKU earns 25% of all the trading reveneue from Hakuswap. The trading revenue is used to buy back HAKU daily and is sent to the xHAKU stakers.
In order to incentivize long term holding there is a 30 day waiting period to withdraw from xHAKU to HAKU with no fee. If you withdraw prior to 30 days then there is as 4% fee assessed.
2% of the withdraw is burned 🔥
2% of the withdraw is shared back to xHAKU stakers.
xHAKU will be used to earn partner tokens, will be used for governance, and is the fee sharing token for Hakuswap.
We will also be integrating Metaverse into Hakuswap and the best way to gain access to the NFTs and virtual land is to hold HAKU and xHAKU 😉
@Paopaocito (Multi-Chain Booster): Massive news 😱😱💪🏽💪🏽🙌🙌
For everyone looking at the project, Let’s go to the next Twitter question. This might be the most concerned one for our audience!
№4 I noticed that $HAKU will go live at http://hakuswap.com on Jan 17th at 5 PM UTC with a liquidity generation event. How can we join it? Is there a tutorial? And what benefits can we get? @Ada_btceth
@thehakusan (HakuSwap): Yes! Our Tokensale goes live on January 17th at 5 PM UTC ONLY AT https://hakuswap.com/iho
What to do to get prepared for the sale:
All you must do is purchase $USDC.e tokens from HakuSwap or have some Avalanche $USDC.e in your wallet prior to the Haku Token Sale.
What to do during the sale:
1. Go to https://hakuswap.com/iho and get ready for the sale.
2. While the sale is live, commit your $USDC.e tokens to buy the $HAKU tokens. You are purchasing the tokens with your $USDC.e tokens. This is not the same as “staking”.
3. The sale will last for about 12 hours or until all the $HAKU tokens have been purchased
What to do after the sale:
When the sale is complete, claim the $HAKU tokens you’ve bought. HAKU will be listed at HakuSwap with a $0.40 listing price. Initial liquidity will be 625,000 HAKU paired with $250,000 of $AVAX for a starting liquidity of $500,000.
One note, Our HAKU farms, Trade Mining, NFT Staking Rewards, and xHAKU rewards goes live on Jan 18th at 5 PM UTC.
@Paopaocito (Multi-Chain Booster): Massive stuff👍👍💪🏽💪🏽🌪🌪 great to know this!! I’m ready for the sale!!😃
Guys! remember this: January 17th at 5 PM UTC ONLY AT https://hakuswap.com/iho
Now we have our last twitter question here: Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?@Tarbonyt
@thehakusan (HakuSwap): We take security VERY seriously at Hakuswap.com
A number of exchanges have launched with a feature called the migrator. We’ve removed this from our code to keep our users SAFU.
The HAKU token is owned by the Masterfarm contract which is the best practice for emitting tokens. Team funds are locked for 8 months. All of our many contracts are on chain and verifiable. We also hired the top smart contract auditor Hash0x to assess ALL of our contracts. Hash0x stated our contracts are well secured with 0 High Severity, Moderate Severity, Medium Severity issues.
Our full audit is here: https://hakuswap.com/audit.pdf
Be sure to check it out 😁
Users can be secured knowing Hakuswap has been developed with the best industry practices to ensure user safety. After the Token Sale we plan to gather more smart contract audits from Certik
@Paopaocito (Multi-Chain Booster): A lot of funds will be held in these vaults, and we all want to make sure they are safe. Glad to know all those things you have done✅😃Thank you for this
@thehakusan (HakuSwap): We are VERY excited to launch Hakuswap and give the community the best trading experience on Avalanche 😁
@Paopaocito (Multi-Chain Booster): Let’s move to the next part! Very juicy live questions!
Massive questions are coming soon. are you ready?
@thehakusan (HakuSwap): yes do it!
@Paopaocito (Multi-Chain Booster): now I’ll unmute the community for 90 seconds, you need to select 5 questions to answer!
Live Telegram Community Questions
CQ1. Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold yourtoken in long term?
@thehakusan (HakuSwap): Hakuswap will use 25% of all trading revenues for daily buy back and shares it with the xHAKU stakers.
By using a time based withdraw fee on xHAKU we anticipate 70% of the circulating supply to enter the xHAKU staking pool which means more and more HAKU will be taken away from the market and will be staked.
If a user wants to withdraw early they’ll be subject to a 4% fee. 2% of the fee is burned and 2% of the fee is shared back with xHAKU stakers.
CQ2. How can users stay up to date with this project? Are there channels, including local communities, where users can get the latest updates?
@thehakusan (HakuSwap): The best way to follow us is to follow our Twitter, Telegram, and Spanish Community!
🐣Twitter: https://twitter.com/HakuSwap
🤳Telegram: https://t.me/hakuswap
🔊Announcement: https://t.me/hakuswapann
🇲🇽Spanish Channel: https://t.me/hakuswapES
CQ3. Non-crypto user is very important for mainstream adoption. How you are planning to attract non-crypto users towards your project? Is there any upcoming partnership that will brings non-crypto user and real-use case?
@thehakusan (HakuSwap): Yes we have plans to push our NFTs to new and experienced users to ensure that everyone knows about Hakuswap!
CQ4. Security audits are extremely important for any project, especially DeFi protocols that deal with user funds. So, can you explain if your project has been audited to convey confidence and security to the crypto community that is interested in investing in your project?
@thehakusan (HakuSwap): Yes, Hakuswap has been fully audited and our development team follows all the best industry practices to ensure safety of our traders and investors. You can follow our audits here: https://docs.hakuswap.com/audits
All of our smart contracts are here: https://docs.hakuswap.com/developer-resources/smart-contracts
CQ5. I’m a newbie in the world of cryptocurrency and blockchain I’m a little confused about you explaining your project. So Can you define your project in simple terms? And do you provide videos or guidebooks for beginners?
@thehakusan (HakuSwap): HakuSwap is a decentralized non custodial exchange on Avalanche Blockchain using the Uniswap V2 Automated Market Maker system for trading and liquidity.
What this means is that there is:
✅ No Account sign up needed to trade
✅All funds trade from your wallet. We dont touch your money!
✅There is no active order book. Just come to the exchange and swap your tokens! We have a smart router to ensure that as long as there is liquidity on the exchange you can get the tokens you want 😁
Head to Hakuswap.com and get ready for our launch next week Jan 17th 5 PM UTC!
@Paopaocito (Multi-Chain Booster): Thanks a lot, it has been great to have you here and great answers to those challenging questions. It has been an honour and we wish you all the best for the HakuSwap.
This ends our AMA today! Guys, these are channels to know more about HakuSwap
Twitter: https://twitter.com/HakuSwap
Telegram: https://t.me/hakuswap
Announcement: https://t.me/hakuswapann
Stay tuned and thank you all for join us today!
@thehakusan (HakuSwap): and if you didn’t get your question answered, there’s 1 more chance to WIN!
We have a $1,000 GIVEAWAY running now!!
You can earn $1000 in BTC and HAKU!
Enter now: https://twitter.com/HakuSwap/status/1480788359190622210?s=20
