Here’s our 49th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with SwapNaga on February 25, 2021. This guest star,
- Jimmy Lee — CO Founder
Introduction
Jimmy LEE NAGASWAP |,
My name ‘s jimmy lee , from hongkong
I’m the co.founder of nagaswap project
My experience for blockchain is from 2016
I used to be a miner for the beginning of bitcoin in shenzen
Q1. Could you please give us a simple introduction of Nagaswap? What’s the motivation for starting build Nagaswap?
Jimmy LEE NAGASWAP |,
I develop my project in Base Bep 20 binance smartchain b/c i can see the fee for the transaction is really low and of course the potential for it in the near future
Our project will be a trend b/c it can ensure for the highest safety for the users or investors and gamers by make money game
Q2. What is “Make Money Game” and “Happy Farm”? What is its differences with the other common Yield farming?
Jimmy LEE NAGASWAP |,
Game monetization is the overall name for our game series it will include happy farm.As you know our products are very different from other projects. In our project you have to mine tochi with tools purchased with BNW, when building a game product we developed the project in the form of bitcoin, the mining difficulty in the game increases. It will stimulate users’ desire to conquer, at the same time it will help users make a lot of money from storing tochi and BNW, besides we have a limit on the number of initial players. Only the first 1000 tochi owners can join the maximum number of ownership per user of 20 tochi this restriction confuses the decentralized purpose of the game product. the price of tochi will not be manipulated. In addition to happy farm we offer many other products
Q3. Regarding security, how can you ensure us that your security is strong enough? Did Nagaswap audited by any third party?
Jimmy LEE NAGASWAP |,
We were audited by Certik one of binance’s official partners. After the IEO event on our Probit exchange is over we will proceed to cooperate with Certik on the next products to ensure maximum safety of the project for users that can basically be guaranteed. certikshield insurance
Q4. Can you explain about the tokenomics and use-cases of BNW token? What benefits can we get if we hold BNW tokens?
Jimmy LEE NAGASWAP |,
Bnw is mainstream and every transaction requires a naga token
Hold bnw tokens you have the right to be 1 of 300 members to buy tochi and enjoy all rights to the game product
Besides, there is a huge APY level when farming or staking
Q5. Can you please tell us the current Nagaswap road map? How far has Nagaswap been developed at this time? and what will you realize in the future?
Jimmy LEE NAGASWAP |,
MAY 2020
Concept Development: After months of research and development, our team is thrilled to finally take the covers off Nagaswap
Q3 2020
Team Forming
1st Community Survey
Website and Whitepaper
Pre-sale ICO starts
MVP of Nagaswap prototype for developers
Q4 2020
2nd Community Survey
Public Token Sale Begins
Beta NagaSwap DEX User Testing
Release our first dex for beta testing to our member’s community
December 2020
Public ICO launch and crowd-sale starts — 18th November & Token distribution will commence
Official NagaSwap DEX released
First : We were audited by Certik one of binance’s official partners
Second : we also have 3 make money games
Third : we also have defi swap
Next : after ieo finish there are more interesting
TWITTER QUESTIONS
Q1. Many investors hit and run in the sell and sell session after listing on the first exchange, How did Your project prevent early investors from selling their tokens and what benefits you would give them?
Jimmy LEE NAGASWAP |,
The nagaswap protocol project aims to become the first project to bring money-making games to the community and become a turning point in yield farming field. The project takes NFT and make money game as the main foundation for development, next to it will be the products, our goal is to bring the product to users and listing on binance
The entire ecosystem will use BNW for payments. Consumption, fees. Play games, exploit tochi.v.v
As mentioned above, all ecosystems need to use BNW in order to operate and when used, they will be burned and created a scarcity in quantity and increased value.
Q2. Any plan for new exchanges? As you are Doing great in ieo. Can we expect Binance?
Jimmy LEE NAGASWAP |,
We are already working with bilaxy and probably digi, after ieo finish we will lauchpool the product on the top 10 in the world. Members who holding Bnw will be able to participate
Q3. What is your plan for your investors? How can they will be profitable in long term?.
Jimmy LEE NAGASWAP |,
we operate and coordinate cash flow and profits
In our project we have “ happy farm” that one of our “ make money “ game. you have to mine tochi with tools purchased with BNW
The entire ecosystem will use BNW for payments. Consumption, fees. Play games, exploit tochi.v.v
As mentioned above, all ecosystems need to use BNW in order to operate and when used, they will be burned and created a scarcity in quantity and increased value.
Q4. How many wallets that can support $Your Token until now? And do you have any plan to build your own wallet?
Jimmy LEE NAGASWAP |,
after the IEO completes you will see my token on trustwallet and then metamask and other wallets. We will update details on medium
Q5. Why did the #NagaSwap ecosystem choose the Binance Smart Chain Network as the cross-chain blockchain for the #NagaSwap Platform? Why didn’t #NagaSwap choose the Ethereum Network like other projects? And what benefits does #NagaSwap get by using the Binance Smart Chain network?
Jimmy LEE NAGASWAP |,
As you know the BSC platform is much better than ETH
The first is the cheaper transaction fees
Second speed is faster
The potential is greater because of binance’s protections
Security more stable
TELEGRAM QUESTIONS
Q1. From @kOERTA
What makes Nagaswap different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of Nagaswap tokens which attracts more Investors towards Nagaswap token?
Jimmy LEE NAGASWAP |,
The nagaswap protocol project aims to become the first project to bring money-making games to the community and become a turning point in yield farming field. The project takes NFT and make money game as the main foundation for development, next to it will be the products, our goal is to bring the product to users and listing on binance with cover by lauchpool and BTS LAB
Q2. From @bitboyss
Besides BNW tokens, there is Tochi token in #NagaSwap ecosystem that have role on Yield Farming. Can you tell more spesific about how to minting Tochi?
Jimmy LEE NAGASWAP |,
Easy to do it
First you have to buy bnw
Next to play the game we will sell 1000 tochi by auction purchased with BNW or BNB, only the first 1000 tochi buys can participate in our game product, they have to progress. To exploit in-game products that first TOCHI means land like bitcoin with increasing difficulty, then they can trade and sell land on our exchange or to users. All tochi auction proceeds will be listed on the exchange to ensure a minimum liquidity of 500 USD for 1 tochi
Q3. From @radrika100
Is Your project a Global project ?
Is any of the local communities restricted from contributing to the project ?
Jimmy LEE NAGASWAP |,
Yes it is global project
UpTillnow we have 7 communities in 7 countries in the world and we will open more
The usa is not include
Q4. From @unnikaruvallyy
What is the role of token in the ecosystem? Where can users currently buy it, and what would be its use?
Jimmy LEE NAGASWAP |,
Bnw token is mainstream and every transaction requires a naga token
You can buy it from probit now
The entire ecosystem will use BNW for payments. Consumption, fees. Play games, exploit tochi.v.v
Q5. From @manzartt
Could you give me 2 or 3 key points to convince me and other angel investors invest in project for the long-term?
Jimmy LEE NAGASWAP |,
1 certik has been audited so this is the security project
2 is the project to be built and cooperate with major exchanges to IEO
3 unique game products and helping the value of BNW soar, everyone can vote on the future of the project
In addition, we will hold regular meetings to ensure the best decentralization of the project
Our project will be a trend b/c it can ensure for the highest safety for the users or investers and gamers by make money game
- Telegram : https://t.me/nagaswapMMG
- Twitter : https://twitter.com/SwapNaga
- Website : https://nagaswap.org/
- Medium : https://nagaswap.medium.com/
- Github : https://github.com/Nagaswap20
- Document : https://docs.nagaswap.org/
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about SwapNaga.
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