Transcript: HakuSwap AMA with YieldWolf February 17th at 5 PM UTC
Violet Wolf: Hello, Hello! I thank you for your excitement. I’m also very excited about this AMA, but I’m going to ask you to, please, refrain from asking questions until we give you the green light.
We’ll ask some questions to Haku first and then you can ask your own!
Hello and welcome! I’m Violet and I’ll be your hostess for this AMA session.
The Hakusan: https://tenor.com/view/hello-there-private-from-penguins-of-madagascar-hi-wave-hey-there-gif-16043627
Violet Wolf: Hi @everyone and welcome to this edition of Ask Me Anything. Today, from the Hakuswap team, @Hakusan will be answering our questions. I’m sure you already know, but Hakuswap is an Avalanche exchange with features including AMM, NFT, and GameFi.
Firstly, could you tell us in more detail what HAKUSWAP is and why have you chosen the Avalanche network?
The Hakusan: 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.
You can visit our site at https://hakuswap.com/
Some of our great 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, Poygon, FTM, and AVAX
We picked the Avalanche Network because of the high TVL, great community, strong development team, and positive outlook for the future of the network.
✅
Violet Wolf: Well, true that! Avalanche is truly a great network to work in.
We can all agree that one of the most relevant issues in the crypto world is security. We know that you are audited, of course, but what can you tell us about this topic?
The Hakusan: Security is #1. We are all about safuty at Hakuswap.
Hakuswap code was sourced from 3 Certik audited projects, PCS, Babyswap, and Spookyswap
In addition we obtained 2 audits from Hash0x and Ether Authority
Both auditors gave secured ratings to Hakuswap and stated our code was ready for production
You can view the audits here: https://docs.hakuswap.com/audits
We always have our code audited prior to deployment.
We are also about to sign a contract with Certik to gain more audits.
✅
Violet Wolf: Wow! That’s impressive! It shows you truly take security seriosuly. I’m sure the community is very happy to read about all this.
The Hakusan: it is unfortunate how many rug pulls happen or projects get exploited so we want to ensure users funds are as safe as possible 💌
Violet Wolf: Exactly! We all want to prevent as much rugs pulls as we can.
On another topic, can you tell us about your main strategies to attract liquidity to your DEX? For example, we noticed you are very active on all your social media platforms.
The Hakusan: Having a strong and happy community is a great strategy to build liquidity and TVL. If the user base believes in the project then the $HAKU token remains strong.
We are working hard to onboard strong and desirable partners to Hakuswap. We have 2 major NFT based projects about to join our exchange!
Hakuswap also charges super low fees and shares 50% of all exchange revenue with xHAKU holders. Our daily buy back is actually about to happen in the next hour.
In addition we have a strong marketing plan to attract as many users as possible. Our next goal is $100 million TVL.
Please follow our twitter to get real time updates: https://twitter.com/HakuSwap
✅
Violet Wolf: That’s awesome and true. A happy and trusting community makes the world go round! I hope HakuSwap reaches its goal quickly 🙌
The Hakusan: Thanks! Us as well 😄
Violet Wolf: As you mentioned, besides the community, the core of all projects is the team’s hard work. Can you tell us how many people makeup HakuSwap?
As it’s growing so fast and steady, I got curious! Lol
The Hakusan: Hakuswap has a deep bench of experienced developers, markets, business development and community managers.
Our dev team is 3 strong with a CTO, front and solidity dev, 1 full time marketer, 1 marketing agency, a number of community managers, and 2 business development managers.
✅
Violet Wolf: Woah! That’s way more people than we have 😂
It’s great to have a strong team.
The Hakusan: We’re working hard to grow as fast as possible!
Violet Wolf: Moving on, you’ve mentioned it many times and we’ve also noticed that you have very, very low fees. Can you enlarge on that?
The Hakusan: of course! Swap fees and slippage are some of the largest expenses for a trader.
Hakuswap only charges 0.2% per trade vs the average 0.3% per trade. Soon we will start our trade mining feature that allows users to get paid while they trade!
Every swap will reward a user with $HAKU tokens which will make the swap fee super small or even PAY the users to trade.
We do not charge any deposit or withdraw fees on the yield farm.
Our staking program is unique to Avax.
HAKU holders can stake their HAKU for xHAKU. xHAKU earns 50% of the daily swap revenue and withdraw fees from xHAKU.
There is a 30 day waiting period to leave xHAKU with no fee. This is set up to reward long term holders of HAKU.
If you withdraw before 30 days the withdraw is subject to a 4% withdraw fee. 2% of the fee is burned 🔥 and 2% of the fee is shared back to the pool. So everytime someone leaves early the xHAKU holders are earning more.
xHAKU fee share is about 40% APR just on its own. XHAKU can also be staked to earn HAKU at about 800% APR. Soon we’ll have partner pools to earn other tokens as well.
✅
Violet Wolf: Certainly unique. It’s actually the fisrt time I’ve heard bout getting paid for trading before.
Looks like a bright future for those using HakuSwap!
The Hakusan: We can see the trade miner really increasing the trading volume at Hakuswap 🙂
So those LP holders will really start to earn more and xHAKU buy backs will increase
win win win
Violet Wolf: All-round win!
Last question! May we have the links to your website and all your social media for the folks here?
The Hakusan:
🌐https://hakuswap.com/
🐥https://twitter.com/hakuswap
🗞https://hakuswap.medium.com/
👾http://discord.gg/hakuswap
🤳https://t.me/hakuswap
Violet Wolf: As we’ve reached the end of our questions, we wanted to sincerely congratulate you on your successful start. We’re sure that you’ll keep up the excellent work and we’ll continue to work in close collaboration to provide the community with great investment options!
The Hakusan: Thank you so much!
Be sure to grab your HAKU LPs and send them over to yield wolf for automatic compounding 🙂
Violet Wolf: And now, I’ll invite those interested to ask your questions to Hakusan. I kindly remind you to be respectful ☺️
The Hakusan: Great!
please ask away. i can hang out here for a few more minutes
Violet Wolf: Thank you for your answers so far!
Discord Community Live Questions
juberjaff: What are the security measures on Haku Swap
The Hakusan: https://discord.com/channels/882611494385254460/943692224653303858/943918084236935248
Carmenvrzla: What would be the strategies to attract new non-crypto users? How much would the initial investment be for these new users? Will it have any restrictions or will it be easily accessible to new users at your investment level?
The Hakusan: Users just need avax to pay for gas costs. There is no minimum. please go to https://hakuswap.com/ and try it out for your self 🔺
juberjaff: Currently you guys having a Liquidity mining camp, tell something about that
The Hakusan: You can earn big aprs via our farm 🙂 https://hakuswap.com/farms
Violet Wolf: Thank you all for your questions and thank you, Hakusan, for aswering! I hope you all had a great time. Remember that this channel will remain opened for those of you who want to read it again! For more questions to the HakuSwap team, please go ahead and join their channels!
The Hakusan:
🌐https://hakuswap.com/
🐥https://twitter.com/hakuswap
🗞https://hakuswap.medium.com/
👾http://discord.gg/hakuswap
🤳https://t.me/hakuswap
