Here’s our 79th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with YouSwap June 4, 2021. This guest star,
David — CSO of YouSwap
Hello, everyone, I’m managing the development and Dex products for YouSwap team. I used to work in data modeling for Jump Trading, a quantitative trading firm on Wall Street. Since 2018, my primary focus has been on research in blockchain technology. I am now the CSO of YouSwap Global. As a senior researcher at DEFI, I researched and participated in many early initiatives, including trading, mining, borrowing, APY and so on. Before we could make final choices on these projects, we had to conduct extensive research.
and for YouSwap, Firstly, YouSwap is an All-Eco DEX project created by the blockchain geek team in Singapore. It realizes multi-chain sharing of digital assets by constructing a multi-chain ecological deployment system. It provides the project owner with one-click ICO technical support as well as fund-raising and coin listing service. Furthermore, it improves AMM (Automated Market Maker) model and provides liquidity with high security. In terms of finding the best trading routes for users, YouSwap provides multi-chain and cross-chain aggregation trade function. In terms of ecology improvement, YouSwap has developed a loan service function, which can satisfy investors’ loan demand and realize double benefits of investment and wealth management.
and also YouSwap also provides derivative service, which is mainly suitable for digital asset managers to hedge risks. YouSwap provides stable coin exchange and transfer service, which lowers the threshold for general public to enter blockchain. All these technical services can be applied on Ethernet Layer2, which is the mainstream this year.
What is One-click issuing? How should they get involved?
One-Click issuing is our new product, for all the decentralized exchage, YouSwap is the first Dex for doing so ,
and YouSwap’s one-click farming issuing of the IDO function can assist project partners in easily and swiftly completing the entire process from coin issuing to fundraising to moving online, without the need to comprehend the contract code or meet any threshold.
In a strategic cooperation with BoomBox, Youswap has created an app section. BoomBox is an innovative model including third-party partner apps that make using DeFi products and features easier for users. Coinlanch, a One-button Coin Issuer Platform, is the first linked application jointly released by Youswap and Boombox. On Coinlanch, users can create tokens with a single click of a button. Using HECO’s leading network, the GAS fee of producing coins is as low as 40YOU, (about 10USDT). CoinLanch is the best solution to the problem of coin issuance because it is uncomplicated and straightforward. It may be switched between basic and customized settings with a single keystroke
thats our interface for this
In the basic mode, users enter the token full name, abbreviation, amount of tokens, and address, then click the contract to finish the issuance. It simply takes approximately 15 seconds complete the process. The “Customized Mode,” which was released on Tuesday, will allow you to create your own token with a single click, based on “whether you can issue more coins, destroy them, use a burn function, use a deflation model, and other data and contract customization capabilities.” With the launch of Coinlanch, the entire process from coin issue to launch is reduced to just 15 seconds, achieving zero threshold, zero risk, and low cost of one-click coin issuance, allowing Youswap to usher in a new age of one-click issuance.
In addition to the one-click MOON and one-click IDO functions, what are the highlights of YouSwap? Which sections are worth recommending to users?
this is the outstanding features for YouSwap
In addition to the one-click MOON mode and one-click IDO, the biggest highlight of YouSwap is the four-fold mining mode: LP liquidity mining, single-currency staking mining, invitation mining, and trade mining.
and on YouSwap platform, all users have the opportunity to participate in the above mining activities. Users can obtain mining rewards by providing liquidity LP to the liquidity pool, and they can also receive mining rewards by generating trades on YouSwap platform.
Also The mining rules of hashrate referral are as follows: the user of YouSwap platform can become an inviter by activating miner’s role through the invitation link and then inviting other users to participate in liquidity mining. Only two levels of invitation relation can be generated with two invitation modes:
Clieck this page you will see
(1) Hash rate sharing: The inviter sends the link to friends (invitees) who will pay the miner’s fee to activate the invitation relation and enjoy a 5% bonus.
(2) Miner activation: The inviter pays the miner’s fee to activate friends (invitees) and gets a 15% hash rate benefit from first-level friends and another 15% hash rate benefit from second-level friends. The inviter’s friends will also enjoy a 5% bonus.
and YouSwap now supports deploying the three popular chains of ETH, BSC, and HECO, allowing users to bridge them. Users have complete freedom to conduct cross-chain transactions and engage in mining. On YouSwap, stablecoin mining generates an annualized income of roughly 30%, mainstream coin mining generates an annualized income of more than 100%, and altcoin mining generates an annualized revenue of more than 300 percent, up to 1000 percent. Interested friends can actively participate in such a mining and profit system, which is relatively competitive.
and TRX Chain is on the way,
On this track, who are YouSwap’s competitors? What are the advantages of YouSwap, on the other hand?
According to YouSwap, leading decentralized exchanges such as Sushiswap and UniSwap are our competitors on the Dex track. YouSwap, on the other hand, has the following advantages:
The first important advantage over other DEXs is that it has developed diverse “YOU series” Ecological Function Services, which include committed LP liquidity mining, single currency staking mining, trade mining, and invitation mining. It is entirely decentralized, with multi-chain and multi-mining capabilities. Combination mining is a high-yield mining investment management technique with low impermanence loss.
The second major advantage is its extreme deflationary economic model which is mainly reflected in the following aspects: the usual production reduction strategy comes first. The first four mining stages (creation period, dawn period, Arthurian period, peace period) are maintained for five years and one month, and the monthly mining release ratio in each period will reduce output by 1%; second, the platform uses 100% of transaction fee income to repurchase YOU in the secondary market, and YOU will be directly destroyed on the chain and never circulate;
The third benefit is that the YouSwap platform may be used for public fundraising as well as one-click currency issuance. We have already conducted two rounds of IDO activities on the Ethereum network, and the YouSwap technical team will also raise fund for the project party to launch IDO at a later point. Based on the current DEX track, our platform will be the only one that provides this optional dual fundraising service with the issuance function combined with IFO.
yes, pictures is the direct way to understand
Following the market’s recent dramatic downturn, the prices of major currencies have plummeted. Is the worth of YOU currently grossly undervalued? Or are there other regulatory mechanisms in place?
i believe that the value of YOU is grossly undervalued. There is more than 5 times the price based on the current TVL and the number of active users. YouSwap is now using repurchase destruction and high deflation as a technique. Youswap’s transaction cost is 100 % repurchase destruction, and you can repurchase and burnYOU in a variety of ways, including IDO, trade mining, and one-click. Functions such as issuing coins, will be eliminated.
YouSwap is still working to raise YOU price through a variety of application scenarios. Simultaneously, it will collaborate with more project parties in order to empower YOU and produce a constant stream of buyback demand and destruction for YOU. We are confident that YOU will return. The days of 10U are rapidly approaching.
How much traffic do you estimate will be brought to YouSwap when the one-click coin issuing MOON mode, one-click IDO, and one-click multi-mining offers are introduced? And people are also curious to know what further we can expect? Can you outline what users of these three large offerings can expect after they are open for trading?
I expect massive traffic to YouSwap after the one-click token issuing MOON mode, one-click IDO, and one-click multi-mining functions are launched. The number of active holding addresses of YOU has reached an incredible 50,000 in less than one month since the HECO chain went up for trade mining, indicating that many people are trading on YouSwap
two primary functions for Dex are trading and mining. To help users reach their goals, we recently collaborated strategically with CoinLanch and CoinStarer to create the one-click currency issuance MOON mode, one-click IDO, and one-key multi-mining functionalities. We now assist users achieve throughout the entire process of creating coins, raising funds, and going online.
Project partners will have additional risk portfolios and growth options as a result of one-click multiple mining, and platform users will have more mining portfolio products. Multiple product kinds will bring a wide range of benefits that can considerably boost a user’s mining profitability, resulting in a win-win situation between projects, platforms and projects,
We expect many more users to join YouSwap ecosystem as a result of the introduction of explosive funds and the increase in mining profitabilit
What is YouSwap development plan in June, Any new products to be launched
Well, we have new products launching almost each week, here is the development roadmap for June, it will be more clear for all users to have a look
that what we plan to do in June, and every thing is in progress now
we also think very highly of you community, which is a good opportunity for talking about our projects
How about the new products you just launched in June 1, what is the one farming for dual rewards, can you explain it for us? And what users can benefit from it?
One farming for multiple rewards is launched on the BSC chain, the first online transaction pair is KALM/USDT, mining reward is KALM and YOU, users can double mining,
Our Team has been hard at work, developing a new zone for joint mining purposes — the United Farming Zone (or joint mining zone), where liquidity providers are able to harvest $YOU and other tokens!
While we are extremely excited to share this piece of development, do note that for now, the United Farming Zone only supports tokens on the Binance Smart Chain.
We would like to give a shoutout to the development team, who has been hard at work building the new zone.
“Whatever the mind of man can conceive and believe, it can achieve” — Napoleon Hill
You has been listed on which exchanges? And any plans to list on more exchanges in the future?
You has been listed on WBF， Hotbit，Bitz，DIBI ， and our team is talking with Binance and Huobi global , hopefully, You can be listed on them soon. in the future we think many exchanges will add you on their platform.
yes, thats right
you can also check out the mechanism of You Token
And now please Tell us about the YOU Token. what are the advantages of holding YOU token?
YouSwap $YOU is our platform token. By pledging YOU, IFO/IDO project owners can realize the multi-chain sharing of digital assets by constructing a multi-chain ecological deployment system on YouSwap.
We also have a long list of usage for YouSwap tokens which will keep the token desirable after the liquidity mining period. Features like YouNFTs, YouPay, YouTreasury, Youstarter and YouDerivatives will be subsequently be developed and users would require YOU tokens to enjoy the benefits of the features.
also this pic fully showing YOU
What security Measures YouSwap have taken to keep the investors and users funds secure?
User asset security is the highest priority in YouSwap platform design protocol. YouSwap exchange enables the on-chain data availability (OCDA) function of governance protocol 1.0, it will provide YouSwap users with the same security level as the underlying multi-chain block chain, meaning that YouSwap exchanges can remain anonymous.
The updated iterative version of the YouSwap is completely decentralized and does not host user assets. All assets are kept in the chain, and users have full control over personal assets. We have been audited by KnownSec and Certik.
this the report of CertiK: https://youswap.oss-cn-shanghai.aliyuncs.com/YouSwap/CertiKAuditReportYouSwap.pdf
YouSwap ambitions are huge. YouSwap want to participate in many fields of the future. Is there any technology or solid basis for you to fulfill YouSwap mission in so many fields?
We see a gap in current market demand versus current supply of services.
The technology for the fields are not new, they are existing technology, thus innovation is key to apply them to our vision and platform.
For example, for cross-chain trading, to give our users the ultimate trading experience, YouSwap uses Layer2 protocol to solve the congestion of ETH, and enable the functions of aggregate transactions across the public chains of ERC, HECO, BSC — TRX will be launched in June, so looking forward to it.
So, Can anybody use your marketplace/platform from anywhere in the world? Can anyone participate In the development of this project?
and also YouSwap founder and CEO K.Peterson is an MIT-graduate, gifted geek, He began his technical career at the age 14, Then moving from IT to finance, After the graduation, Peterson enters Wall Street Top quantitative trading firm Jump Trading, A senior with more than 20 years of technical experience. His early partners include Coinbase founder and CIBC risk president.
Our platform is international. As we add on more cross chains (such as BSC before MAY), we look to support more users to trade with lower gas fees. Our goal has always been to be a decentralized exchange that truly belongs to you (the users).
Also, we have the online and offline lessons for all users to participate and learn, and I think if users are interested in making money, they will definitely want to attend our activities with all kinds.
Is the project currently having an airdrop campaign or event for users?
yes, we have one which is in progress
Airdops for every one who join our community
🥇20$ You token
🥈15$ You token
🥉10$ You token
4️⃣ 5$ You token
Invite minimum 30 members to be qualified for the prizes
Join here: https://t.me/youswapglobalofficial
1) The contest will run from 2th June to 16th June
2) Your friends must not be bots! 👬
3) Please stay respectively and use only English in the chat! 🏴
just join our telegram, you send your BSC address, you can have YOU airdrops, very easy step
What can we expect from YouSwap in near future, any new event coming up?
Well, YouSwap is a decentralized project led by the community, and the YOU Token is held by the community as part of governance.
As different blockchain networks are isolated from each other as a value system, we look to build on this trend such that
YouSwap technology can span into multi-chain interactions between the different public chains, allowing for assets on public chain to merge and circulate on demand. YOU Token will be used to implement this.
here is the roadmap for the 2021 development
Q1. Can you explain more about the Bridge function of your platform? Which chain is enable in bridging in Youswap? Is there any transaction fee in bridging to other chain in your platform? What advantage in using this feature in Youswap?
Ok， the bridge function will work like this:
Take You as an example, if you want to bridge YOU token into BSC chain, what you need to do is :You can just input your BSC address and convert to YOU HECO chian, the bridge fee will be 0.3%, this is same like other platform .
Q2. YouSwap is a new generation of on-chain DEX platform.Compared to other decentralized exchanges, what strengths does YouSwap have over other decentralized platforms? And what benefits will its users have in the long term!?
ok, i think this questions a bit like what we have talked before, let me highlight this part for you
these makes us different form others
and also we have developed diverse “YOU series” Ecological Function Services, which include committed LP liquidity mining, single currency staking mining, trade mining, and invitation mining.
The second major advantage is its extreme deflationary economic model which is mainly reflected in the following aspects: the usual production reduction strategy comes first.
The third benefit is that the YouSwap platform may be used for public fundraising as well as one-click currency issuance
Q3. Most of users are still not aware with blockchain & its related projects. So, How YouSwap create awareness about their project with non-crypto users too?
At the beginning, YouSwap was positioned as a boundless, open and free decentralized financial service platform for the world.
Therefore, in product marketing, it mainly adheres to the concept of decentralized and community management.
The marketing of YouSwap is promoted by the leaders of the world. The Internet has long turned our world into a global village. As long as you have a mobile phone, we can receive information about YouSwap from the DeFi industry,
and In YouSwap’s project introduction meeting and training activities in the DeFi industry, we will actively promote the market online and offline, so that everyone can clearly enter the world of blockchain stars .
Q4. YouSwap ambitions are huge. YouSwap want to participate in many fields of the future. Is there any technology or solid basis for you to fulfill YouSwap mission in so many fields?
YouSwap founder and CEO Adam K.Peterson is an MIT-graduate, gifted geek, He began his technical career at the age 14, Then moving from IT to finance, After the graduation, Peterson enters Wall Street Top quantitative trading firm Jump Trading, A senior with more than 20 years of technical experience. His early partners include Coinbase founder and CIBC risk president
He is proficient in seven programming languages, Successful experience in electronic payment, electronic banking, mobile payment, cloud computing, blockchain, digital payment, etc. He has led several projects on the underlying technological innovation of blockchain, Five wind investment funds focusing on the field of blockchain technology were established, Multi-chain interoperability full-ecosystem decentralized exchange YouSwap. based on the AMM model was created in Silicon Valley in early 2020.We are confident about this.
so thats the strangest support
Q5. What is the mining You Token method? are there certain conditions? how is the percentage of fees and income?
Please follow this link, we have the specific steps: https://medium.com/youswap/how-to-swap-stake-and-harvest-ceabf255aedc
There is no perticular conditions as long as you have tokens, The fee for mining is 0.2%, the income for each token are difference, you can check our latest income for some mining Paris:
- Telegram : https://t.me/youswapglobalofficial
- Twitter : https://twitter.com/YouSwap_Global
- Website : https://www.youswap.com
- Medium : https://youswap-global.medium.com/
- Reddit : https://www.reddit.com/user/YouSwap_Global/
- Facebook : https://www.facebook.com/YouSwap.Global
- Whitepaper : https://ido.youswap.info/white-papper-en.pdf
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about YouSwap.
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