Transcript: Hakuswap AMA with ZTH Crypto February 9th at 5 PM UTC
@Brymanager: Hello everyone and welcome to Zero to Hero Crypto , Thanks for taking the time for today’s AMA session!
We will host AMA today !!! hello @thehakusan, how are you today ?
@thehakusan: I’m doing great! Thanks so much for having me! https://twitter.com/HakuSwap/status/1491157335590543367?t=N6Thew_KO-6n1P9Z886Qsg&s=19
We’re hosting a fun giveaway. Please be sure to join!
@Brymanager: Dont forget join guyss. So let’s move to segment 1
Can you introduce yourself to the community? What is your background and how did you Haku Swap+ build ?
@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 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.
@Brymanager: Kudos on the great job! 🔥 why did you choose this name? Is there any backup story?
@thehakusan: Defi needs to run on a strong and trustless system so the team looked for strong symbols to represent the exchange.
Mountains were the obvious choice. They are large, unmovable, and have always existed. Haku Mountain is one of the three holy mountains in Japan. So it made perfect sense to build the exchange around Haku Mountain with Japanese Themes as we develop.
@Brymanager: Nice , good story 😁 What is Haku Swap, please give us a brief introduction!
@thehakusan: 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
The first Play to Earn game we’re developing is a Battle of the Monks of Mount Haku vs The Dark Valley Ninjas. It’s a derivative of the popular wolf.game on Ethereum.
Our play to earn game will use $HAKU to level up the NFTs and earn new NFTS.
@Brymanager: That’s great! 🥳 Can you elaborate the ecosystem, how it works? What’s the revenue model?
@thehakusan: You 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.
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!
Stake your HAKU for xHAKU to earn the protocols revenues through daily buys backs and shares. Hakuswap launches with a super low swap fee of only 0.2%
0.1% is rewarded back to the liquidity providers, 0.05% is given to the team to fund operations, and 0.05% is swapped to market buy HAKU and shares with xHAKU stakers.
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.
$HAKU may also be used to get whitelisted for the Play to Earn game we’ve been developoing! That’s the Monks of Mount Haku vs The Dark Valley Ninjas. The initial mint will use AVAX but further NFT mints will require HAKU to gain the NFTs.
We’re also going to develop and NFT market place and we’ll tie the NFT market place fees into xHAKU fee sharing
As we develop Hakuswap we’ll add more and more ways to benefit $HAKU.
@Brymanager: Excellent! 🔥 What is the use-case of the Haku Swap ? 👀
@thehakusan: Hakuswap is its own native dex with super high APRS and some of the lowest fees on Avalanche.
We’ll have a big push into NFTs coming soon with our first play to earn game, The Battle of Haku!
@Brymanager: What killer features has Hakuswap that are ahead of the competition ?
@thehakusan: ⛰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
We’re also building an NFT market place for P2E & Metaverse projects. Our team is also nearly done the bridge to allow users to move their assets from other chains to AVAX
@Brymanager: Cool 😜 Trust and security is very important in any business , what makes investors , customer and users safe secure when working with Haku Swap ?
@thehakusan: Our project code was sourced from Pancakswap, Babyswap, and Spookyswap, all are certik audited projects
PCS — router
Babyswap — trade mining/factory
Spookyswap — xHAKU
We also ordered two additional audits. The audits covered ALL of our contracts, not just the token contract like we see a lot of other projects do.
Both Hash0x and Ether Authority determined the code was ready for production. That means its safe to allow the public to interact with the smart contracts!
You can view the audits here: https://docs.hakuswap.com/audits
We plan to use some of the proceeds from the token sale to order an audit from Certik or another well known auditor to ensure our project is as SAFU as possible. And one of the big reasons our team builds is that we want a safe place to store our personal assets. There are too many rug pulls and malicious projects. So if we can feel safe to farm than the community is good as well 🔐
@Brymanager: What marketing strategies has the team decided to use to spread awareness and promote growth and use of the Haku Swap ?
@thehakusan: We’ve been very active with AMAs and social media giveaways.
Our $HAKU token sale was on Monday and we successfully raised the full $500,000 goal within 40 minutes. It was an amazing success!
We are going to start working hard to onboard as many new partners as possible to be their host for liquidity. Partnerships are key in this industry because you are able to interact directly within their community.
@Brymanager: Does the team have a roadmap in place ? and if so , how has it been kept up with so far ?
@thehakusan: You can view the roadmap for our project here https://docs.hakuswap.com/roadmap
So far our P2E game is in development with some really nice NFTs.
Our bridge is nearly ready to be pushed to the public. And we’ll be adding more and more to the road map as the project develops.
@Brymanager: Lets go into the Tokenomics of the native Token ? As well as how someone would obtain the Token ? and can you give a little idea about the game 🔥
@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 iquidity
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
So in 4 months it’ll be much harder to earn HAKU making it more valuable 😁
In the misty valley of Mount Haku, a group of Monks pray to the Spirit of the Mountain in order to reach enlightenment. Their enlightenment comes to them in $HAKU. The more they pray the more HAKU is available. The Monks pray in the mountain temples and donate their HAKU to the temple. The more HAKU in the temple the more Monks can be recruited. But danger lurks in the shadows of the mountain… The Dark Valley Ninjas
The Dark Valley Ninjas are on the hunt to rob the Monks and steal their precious HAKU. They’ll take it by any means necessary. They’ll kidnap the Monks or catch them during pray and steal all of their HAKU. In order to end the bloodshed, the Temple Monks made a deal with the Ninjas. The Monks will pay a tax on all HAKU enlightment. In return, the Ninjas don’t attack the Monks in their temples.
But if a Monk leaves the temple or new recruits are gathers, the Ninjas don’t hold back.
The Valley Battles Game is a risk protocol for NFTs with novel tokenomics. It shows what’s possible with interactions between the ERC-20 and ERC-721 protocols. For the very first time, your NFT can steal other NFTs (ERC-721 tokens) for you. The rarer your NFT, the more tokens you’ll accumulate probabilistically. The Valley Battles Game is pioneering new types of NFT mechanics.
Some of the Monks and Ninjas from our game.
@Brymanager: explain , how to get NFTs card ? Sound Good , when game launch ?
@thehakusan: its coming along now! maybe 2 weeks. our team is hard at work getting the game portal ready and we’re planning the tokenomics of the game :) plus a big marketing push once the game is ready.
@Brymanager: Lastly , What are the major plans ahead?
@thehakusan: Big plans is to onboard 10 new partners to be their source for liquidity.
Launch our P2e Game “The Battle of Haku” and build our NFT market place.
We’ll be updating and building via our road map so please keep your eyes on Hakuswap.com!
@Brymanager: Great thank you for answering questions from segment 1
Some introductory question have already been answered and we will enter segment 2 and 5 best question comes from the twitter.
Q1 : I see in hakuswap’s docs about “xHAKU Fee Sharing” can you explain about this? how to participate. From gantengnyaAK
@thehakusan: When you stake your HAKU into xHAKU and then into a pool listed, you are earning a sum of the APRs!
Each swap is charged a fee of 0.2%. 25% of every swap fee is used to buy back HAKU and is sent to the xHAKU contract.
You can withdraw your xHAKU back to HAKU at any time. However, to reward long-term xHAKU stakers a 4% fee is charged if the xHAKU is unstaked to HAKU within 30 days.
🔥2% of the fee is burned forever
🤑2% is redistributed back to the xHAKU pool.
This means xHAKU holders will earn every time a user unstakes before their 30 days is up! Any subsequent deposits will reset the fee countdown timer.
Early xHAKU stakers are ALREADY up more than 1% in a day! and theyr’e also able to stake their xHAKU to earn more tokens.
All you need to do is go to hakuswap.com/xhaku and follow the simple instructions. Stake your haku for xhaku and then stake your xhaku in the pool 😉
@Brymanager: Q2 : How do you see P2E on Project evolving in 2022? NFTs are a big part, is there anything else you can share currently regarding your endeavours in gaming? From tehdyoorr
@thehakusan: Play to earn, nft market place, virtual real estate and so much more is coming down the pipeline 😁
@Brymanager: Q3 : Can you tell us about the main features and give us some details of each of them, from how we can make profit from hakuswap products ? From JamesDrive99
@thehakusan: I would recommend that you read the docs for Hakuswap first to gain an understanding 😁
docs.hakuswap.com
And then once you read the docs you’ll understand that staking HAKU for xHAKU is the most profitable move you can make :)
There are actually 4 ways to earn at HakuswapThere are actually 4 ways to earn at Hakuswap
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.
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 readying youre making money 🤑 Trade mining will be live in a few days
@Brymanager: KEY RICH : NO PAPERHAND 👀
@thehakusan: That’s right! Look at the other top dexes, Trader Joe, Pancakeswap, Spookyswap, they all had amazing growth and the long time holders + compounders were very rewarded :)
@Brymanager: Q4 : DEX-related issues include a lack of liquidity infrastructure, an unappealing trading interface, and inadequate customer support. Is there a long-term solution to challenges in Haku Swap from a technical standpoint? What problems is Haku Swap designed to solve. From selvachirpiga
@thehakusan:
Liquidity will grow as Hakuswap grows. Our tokenomics & partnerships are structured the right way to attract liquidity providers, whales, and top tier partners.
@Brymanager: Q5 : Unlike other AMM decentralised exchanges on Avalanche, HAKU recommends AVAX as a swap route rather than USDT or BTC. Can arbitrage between HakuSwap and other DEX or CEX be significantly less expensive? What is meant by “totally decentralised”? From Selva08519571
@thehakusan: It’s pretty simple to understand. As AVAX is our primary LP pairing, there will be lots of AVAX on the exchange.
Lets say you want to trade from ETH to HAKU on Hakuswap.
On an exchange like Binance you would first trade the ETH to AVAX and then do a secondary trade from AVAX to HAKU.
Hakuswap will take the ETH and route it through AVAX and swap to HAKU all in 1 trade!
So by mainly having AVAX pairs we reduce the number of swaps in the route to save you exchange fees! But if there’s a long route it’s no big deal because you’ll earn $HAKU via the trade mining 💸 And we have zero control over your assets while trading, providing liquidity, or staking. This is whats great about a smart contract based DEX is that you are in control of your funds and don’t need to rely on the team to process withdraws or trades. The website is just a pretty UI linked to the smart contracts. 😁
@Brymanager: other question, can you explain about “Trade Mining Reward” is it the same as xHAKU Fee Sharing, and how does it work?
@thehakusan: 0.12 haku per second goes to the trade mining contract. Everytime some one trades they earn the haku available.
This will drive lots of trading volume.
For example — if no one trades for 1 hour the next trade earns all the available haku.
@Brymanager: All Question on segment 2 have been answered, It’s wonderful thank you! We will continue segment 3 ❗️
Everyone please prepare your questions, chat will be opened for Telegram Segment
Telegram Community Live Questions
Q1. ✅ I know that Haku Swap was developed in the Avalanche chain, but In your roadmap it says that you’ll be a multi-chain platform, so can you please tell us what are the other chains that would you like to include?
@thehakusan: Great question! We believe our NFT market place can go cross chain to support all NFTs as the market develops :)
Q2. Everything I have read here shows that HakuSwap is a great project, but last year we have seen many projects made a good startup but suddenly abandoned because they didn’t get enough revenue. How can we be sure that you won’t abandon the project even the revenue is low at start?
@thehakusan: Our team raised $500k in 40 minutes. We have enough funds to sustain Hakuswap for 1 year before selling any HAKU :)
Q3. I read that there will be a “Play to Earn” game by HAKU. Could you please give information about this game of yours? How can we start the game, do we need to have $HAKU tokens for this?
@thehakusan: https://t.me/ZTHCrypto/422877
Q4. 🌻A question about HakuSwap Governance. How does ir work your governance system? How many HAKU token users should have to participate in your governance? What kind of decisions can users make?
@thehakusan: If you follow our socials we’ll be putting out more info regarding the governance soon! HAKU and xHAKU will play major factors in the governance.
