Transcript: HakuSwap AMA with ONTO Wallet February 3rd at 3 PM UTC
@YildirimI (ONTOWallet): Welcome to the ONTO Wallet AMA session with HakuSwap!
This is Yildirim from the ONTO Wallet Community and your host for today’s AMA session.
Thank you for joining today’s AMA session.
To help us learn more about HakuSwap, we are fortunate that we will be joined by The CEO Of HakuSwap, Hakusan @thehakusan
Let us give a warm welcome to Hakusan @thehakusan
Hello Hakusan @thehakusan please say hi to the ONTO Wallet community.
@thehakusan (HakuSwap): Hello everyone! I’m so happy to be here. Thank you so much for hosting the AMA!
@YildirimI (ONTOWallet): Can you introduce yourself to our community.
@thehakusan (HakuSwap): I am the founder & CEO of hakuswap.com
We are the premier dex AMM on Avalanche network.
My team and I are VERY experienced DeFi builders having launched and worked on a number of the top projects across many chains.
@YildirimI (ONTOWallet): Thanks for Your Introduction Hakusan. Now lets jump into the Q/A. Could you please explain what Haku is?
@thehakusan (HakuSwap): 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!
The Focus of Hakuswap will be to incorporate low fee swaps, high liquidity, nfts & the metaverse. We want to attract all the best play to earn, nft, and metaverse projects on AVAX and beyond to join us.
Our team is hard at work designing a virtual world based in Japan which will be available for purchase! You’ll be able to own your own parcel of “Haku Mountain”!
Our first play to earn game is in development and should be released in a few weeks. It’s a battle between the Spiritual Mountain Monks of Mount Haku vs the Dark Valley Ninjas!
@YildirimI (ONTOWallet): What are the major milestones Haku achieved so far & what are in the future pipeline?
@thehakusan (HakuSwap): We are preparing for our $HAKU launch on Monday Feb 7th!
The sale will sell 1,250,000 $HAKU for only $0.40 each!
You can get ready for the sale at https://hakuswap.com/iho
Our team has successfully built every major feature for a dex and its ready for launch. Some of our great features are
-Trade Mining: Get paid to trade!
-Liquidity Mining: Get paid to provide liquidity
-xHAKU Staking: Automatically earn trading fees by staking our HAKU token
We’ve also built some quality of life products for the community.
The first is our totally free token multisender. If you need to send tokens to multiple addresses you can use our free sender to disperse them to up to 500 addresses per batch.
The second is our free integration into the Anyswap/Multichain bridge. You’ll be able to easily and freely swap between chains to get your assets to Hakuswap!
@YildirimI (ONTOWallet): Are there any exciting news or updates with regards to HakuSwap that you would like to share with the users?
@thehakusan (HakuSwap): The HAKU token comes to Avalanche on February 7th at 5 PM UTC ONLY at the Hakuswap.com Token Sale Launchpad!
🗻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. Our game is also nearly complete 😁
A preview of our NFTs. We’ve built over 400 unique attributes for our play to earn game. Ninjas attack the Monks and the Monks pay taxes to the Ninjas. It’s wild.
@YildirimI (ONTOWallet): That wraps up the first part of the AMA session. Thank you Hakusan for your answers!
@thehakusan (HakuSwap): My pleasure. Thank you!
@YildirimI (ONTOWallet): Now, we will enter the next Session.Where our Guest will answer our Users Question that we collected previously from Twitter.
1st Question by @CryptoSwager7
Crypto Farming is a very stable means of earning regardless of the market condition and @HakuSwap is a perfect start. Could you please enlighten new #Haku users like me on how to get started and the APR’s earned on different farms?
@thehakusan (HakuSwap): Farming is a keystone to Defi Liquidity and we’re proud to have some amazing features to incentivize liquidity & high APRs!
💸You can earn at Hakuswap with 3 main ways
1. Stake your HAKU for xHAKU and earn 25% of all the protocol revenue daily + HAKU + partner tokens
2. Provide liquidity to Hakuswap and earn 50% of each swap + HAKU tokens.
3. Earn HAKU via trade mining. Each trade you make earns you HAKU rewards! You can withdraw your accumulated HAKU at any time! The more you trade the more you can earn.
Once our NFT play to earn games go live you can earn and buy NFTs! Some of the NFTs will be used to earn more HAKU by staking and battling other NFTs.
You can go to Hakuswap.com to get started.
Trade at https://exchange.hakuswap.com/#/swap
Add your liquidity at https://exchange.hakuswap.com/#/pool
or use our free LP creator at https://exchange.hakuswap.com/#/zap
@YildirimI (ONTOWallet): 2nd Question by @CurryOnion
I saw that your website saying the next sale of token will be in 4 days. Can you share some information about this? Where will it be sold? What is the required contribution amount?
@thehakusan (HakuSwap):
and a preview of the starting APRs 😍
The HAKU token comes to Avalanche on Feb 7th at 5 PM UTC ONLY at the Hakuswap.com Token Sale Launchpad!
Get Ready for the $HAKU sale at https://hakuswap.com/iho
🗻Sale Price: $0.40 USDC
🗻Raised in USDC.e
🗻Per Wallet Cap: $5000
🗻1,250,000 HAKU for Sale (1.25% of HAKU)
🗻$500,000 USDC Hard Cap
🗻First Come First Serve (FCFS)
🗻The sale is open for 24 hours or until sold out.
$500,000 initial HAKU-AVAX liquidity
Get ready for the $HAKU token sale here: https://hakuswap.com/iho
The HAKU from the sale vests immediately and will be tradable soon after the sale ends. $HAKU farming & emissions goes live on Feb 8th 5 PM UTC
You can also refer to this guide we made https://hakuswap.medium.com/get-ready-for-the-hakuswap-token-sale-a49f9dc4fe4
The sale will go quickly so be sure to have your USDC.e ready to go!
@YildirimI (ONTOWallet): 3rd Question By @Balma322
Many people here are quite interested in the $HAKU, so how does $HAKU work as a utility token for the Hakuswap? How does it benefit for both the platform & the owner? Is there any reward mechanism for holding $HAKU and what the benefits of token holders for the long-term?
@thehakusan (HakuSwap): HAKU is the liquidity incentive, governance, and fee sharing token for the Hakuswap.com Dex!
We plan to roll out the following features and all will either use HAKU to complete the transaction or HAKU will earn from the fees associated with the actions.
✅25% of the DEX trading revenue from the 0.2% swap fee will automatically be shared with HAKU stakers in the xHAKU pool.
✅NFT sales will be in AVAX or HAKU. AVAX sales will be used to buy and share HAKU with xHAKU stakers.
✅ Virtual real estate Land sales will be done with HAKU
✅Governance will use HAKU and xHAKU.
You can vote on the future of hakuswap.com using your holdings.
One of the best features at Hakuswap is our staking program called xHAKU. Here HAKU can be staked to xHAKU earn 25% of all the trading revenue from Hakuswap automatically.
How it works is this: Every time a user trades they are charged a low swap fee of only 0.2%. 0.1% of the swap fee is rewarded back to the liquidity providers, 0.05% of the swap fee is collected for the
Hakuswap Treasury to fund operations, and 0.05% is reserved for xHAKU.
One or 2 times daily the 0.05% from the swap fee is collected and used to market buy HAKU!
This market purchased HAKU is done automatically with our smart contracts
Along with the continuous market purchases of HAKU through the swap fees there is a 30 day waiting period to unstake from xHAKU to HAKU.
You can unstake at any time but if it’s done within 30 days a 4% fee is assessed.
🔥2% of the withdraw is burned
👨👩👦👦2% of the withdraw is shared back with xHAKU
This will incentivize long term xHAKU holding. We envision 70% of the circulating supply to be locked with xHAKU very soon. 🚀
We also have our trade mining feature! this allows you to earn HAKU as a fee rebate to make your trades cost $0 or even get PAID to trade!
Our play to earn games will be kick started with AVAX to purchase the NFTs. However, as the games progress the only way to obtain better NFTs is to use your HAKU to purchase them!
@YildirimI (ONTOWallet): 4th Question By @RuSnowyc
Can you explain your project HakuSwap Tokenomics Distribution? How many tokens will be minted in total? And how many of them will be locked by your team?
@thehakusan (HakuSwap): Haku is the core governance and liquidity incentive token for Hakuswap.com. There is a maximum cap of 100,000,000 total HAKU.
Total emissions are set for 4 years.
Inflation is a dangerous economic condition that affects many projects. Hakuswap has a built in 5% monthly reduction in emissions for Liquidity Mining, Trade Mining, NFT Rewards, and xHAKU rewards.
Also, as previously mentioned, xHAKU implements a burning feature with a 2% burn on withdrawal when exiting xHAKU within 30 days.
Liquidity is getting kick started with our Public Sale on Monday Feb 7th at 5 PM UTC. 1,250,000 HAKU is available to the public and starting liquidity will be $500,000 of AVAX & HAKU.
70% of all HAKU is reserved for Liquidity Mining, Trade Mining, NFT Rewards, and xHAKU rewards.
22% of HAKU is reserved for Ecosystem reserves. This is used for partnership, operations, community incentives, and to promote our play to earn games. This vests alongside the liquidity rewards over 4 years.
8% is reserved for the team and vests over 8 months. It is currently vesting with team.finance.
More information can be found here: https://docs.hakuswap.com/product-and-features-guide/haku-tokenomics
@YildirimI (ONTOWallet): Last question Of This Session By @HyperVoiva
Will there be any reward for those who can find bugs or errors in HakuSwap? How will HakuSwap protect users from being hacked their assets?
@thehakusan (HakuSwap): We are planning to partner with a bug bounty program like immunfi shortly after launch.
🔒 Security is the utmost importance when it comes to building on Defi and that’s why the team has used only battle tested code and obtained multiple audits prior to launch.
We had all of our contracts audited two times from Ether Authority and Hash0x.
Ether Authority gave our contracts a secured rating & Hash0x Well Secured rating. Both ratings are highly rated and the auditors feel our code is ready for production. 💪
Please check our security & audits here: https://docs.hakuswap.com/audits
@YildirimI (ONTOWallet): Alright! That completes the Second segment of our AMA!
Thank you Hakusan @thehakusan for the comprehensive insights of HakuSwap.
Let’s now proceed to the free-ask section.
I will unmute the group but put on a 15-minute slow mode as there will be a lot of questions coming through.
Telegram Community Live Questions
Q1. Where can I currently buy Token?
@thehakusan (HakuSwap): Hakuswap.com/iho
You can buy $HAKU starting on Feb 7th at 5 pm UTC only for 24 hours during our token sale 😊
Q2. Hi @thehakusan
NFT is the focus of HakuSwap, so How can I get some free NFTS on HakuSwap? How do you make sure a project “listed” on HakuSwap is not a scam project? and One of the best features in Hakuswap is the staking program (xHAKU), so can you explain How the HakuSwap staking program works?
@thehakusan (HakuSwap): You can earn free NFTs by using all the features of Hakuswap! We’ll be rolling out NFT claims soon after launch.
Q3. how do you avoid huge gas fees? and what solution do you have?
@thehakusan (HakuSwap): AVAX has super cheap and super fast transactions! That’s why we built Hakuswap on the Avalanche C-Chain!
Be sure to test if your your self on hakuswap.com 😁
Q4. If all goes according to plan the Haku Swap project, where do you see Haku Swap next year, ? Thank you
@thehakusan (HakuSwap): Our first goal is to release our NFT play to earn games and then expand to more metaverse focused items like virtual real estate. We have a designer now building the world and it is 🔥
You can check our roadmap more in depth here: https://docs.hakuswap.com/roadmap
Q5. @HakuSwap is on Avalanche #Chain. So why only #Avalanche? Why not #bsc or #polygon or #heco? Any plans to extend to other chains in future?
@thehakusan (HakuSwap): AVAX has super cheap and super fast transactions. There is a vibrant development community with great support from the Avalanche Foundation. We’re so excited to launch on Avax!
@YildirimI (ONTOWallet): That’s it for our AMA guests. Let’s give a round of applause for Hakusan 👏👏👏
ONTO Wallet Community, if you would like to know more about HakuSwap! here are some useful links for you:
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/
Hakusan @thehakusan, is there anything else you would like to share or you want us to know?
@thehakusan (HakuSwap): If anybody makes a trade at Hakuswap in the next 10 minutes I’ll send them free HAKU!
@YildirimI (ONTOWallet): On behalf of the ONTO Wallet team and community, thanks again and we wish you, your team and your project all the best!
That ends the ONTO Wallet AMA with HakuSwap. Many thanks to everyone for joining, till the next AMA.
@thehakusan (HakuSwap): Post your trade in our Trade to Win channel in our discord for your chance to win!
