AMA Recap with SAWA

On October 14, the SAWA team held an AMA session with our partner Bot Planet. The guys talked about the nearest plans of the project, what has already been done, and shared interesting information.

Unfortunately, not everyone was able to take part in our AMA. Below is the full overview of the AMA, for interesting project hunters who couldn’t make it, or for anyone who is interested. Feel free to read!

Team:

Marsel Botash — Founder and CEO;

Alex Ilin — Chief Operating Officer;

Rus Dunda — Investor Relations Director;

Dima B — Chief Analytics Officer.

Introductory questions

Crypto Kitty: Question №1. Please introduce yourself and tell us how long you have been in the crypto

Rus: Our team basically was organized firstly in the sphere of classic venture capital where we got our first experience in the field of early stage investment deals (12 years in financial business, 5 years in VC and a bit less in crypto VC). After it for numerous times we tried ourselves as investors in crypto-venture. Those were early investments in Solana , Casper, Clover and etc. These deals showed us that crypto — market is as or maybe much more attractive as the classic venture investment — exactly at this very moment the idea of creating the Platform where everything the investors need is based.

Crypto Kitty: Question №2. Tell us about the whole project and how did you get the idea of ​​its creation?

Marsel: SAWA is a multi-functional DeFi Platform for investors and DEX with truly decentralized derivative tools for traders. What we provide: secure access to early-stage projects equally for any investor’s type, secondary market for such projects, derivatives trading on DEX and allow people share and monetize their experience on the built in social media.

The idea came to us very simply way — as we are investors by our own, as we previously said we came from classic venture finances and invest banking and we then worked deeply as an investors with crypto start ups, we just didn’t find any solutions for ourselves firstly in derivatives trading, which are really decentralised which is synonymous to ‘secureness’ for us and in ventures also, we just found usual IDO launchpads which sometimes offer to participate in IDOs or private rounds but with a lot of conditions, restrictions, ratings, karmas and so on so finally we decided to make it ourselves, then found out that its very interesting for many our familiars and actually we noticed these problems are huge sick for many crypto investors so we started scaling.

Crypto Kitty: Question №3. Could you tell us your main advantages?

Alex:

• We have no any restrictions to retail investors;
• Access to private or high-quality projects that are usually only available to VC and institutional investors;
• Fair token distribution system. Even if there is not a large volume of SAWA coins purchased or in token staking — you can get a guaranteed allocation;
• Evaluation of projects and recommendations for exiting projects. High-deflationary token model;
• Really decentralised derivatives technology;
• Secondary market for private allocations with safe deals via smart-contracts in comfortable OTC exchange;
• Benefits for activities on platform against restrictions;
• Choosing projects from buy-side as business model doesn’t mean any charges from projects in case of conflict of interests, each project bought in own SAWA portfolio as well;
• Up to 50% of platforms revenue will be used for buy SAWA tokens back and burn them.

Crypto Kitty: Question №4. How are you different from competitors?

Dima B: Young projects usually have more abilities due to flexibility of the team, more motivation for developing and products realisation as well as many projects even in DeFi mainly experienced just in IT and blockchain development and have quite little idea about finance realities, we have both and we are about the practice not theory.

Crypto Kitty: Question №5. Tell us more about your products

Rus: Basically we have 5 core products we are working on the development of:

• DEX with derivatives;
• Private sales marketplace;
• OTC market;
• NFT marketplace;
• SAWA Expert.

Crypto Kitty: Question №6. How NFTs will be linked to your project and how you seek to implement them

Marsel: We have a NFT marketplace on SAWA platform, and this section has dual purpose: launching NFTs for GameFi and NFT projects and issuing our own limited collections timed to events — such as new partnerships or global events, this ones has as investment value also the social one as it might be used for reaching internal rating (to get additional benefits), it might be gifted to experts and speakers in our built in social media (SAWA expert), it might be given for rent (after integration with one of our future partner using their technology).

Crypto Kitty: Question №7. How did you come up with the idea to create DEX Derivatives, how it will work and how it differs from CEX

Alex: It is a combination of two things, first of all we are trading and using derivatives, the second is - current growing demand on decentralised services (quantity of DEX users more then doubled since the beginning of the year), we also find this more interesting for us in case of safety but we are not satisfied with current solutions, DEXes are quite pure with such instruments and those ones which have derivatives trading are totally not decentralized, they mostly just added a centralised service to their DEXes, that’s why we creating truly decentralised tool.

So it is very important as CEX and generally centralized services work in such way when your funds and assets are not actually yours Other situation witd decentralizad ones

Crypto Kitty: Question №8. How will Private sales marketplace work?

Rus: As for now it is already launched and working. There we use our model of “replaceable tokens” which allows to buy initially an allocation of any private sale project and sell this early bought allocation on OTC market safely using smart contracts. Actually we tokenizing investment agreements sometimes even for future tokens of the project which allows to participate everyone in such things and also allows to add liquidity to early stage investments as usually such things are quite long-term and it was a real problem — how to get liquidity while your private tokens are under lock ups or how to participate in private round if it was missed for one side and for other hand — how to give exit abilities without giving short lock ups with price stressing risks.

Crypto Kitty: Question №9. What is OTC?

Marsel: OTC or Over The Counter — is an secondary market exchange which allows users to sell early bought allocations of early-stage projects (even if tokens are still under lock up and you need to exit from the project in any case, the life was changed for example) from one side and buy it from another side if you like any project but didn’t have a chance to participate in it earlier.

Crypto Kitty: Question №10. Tell us more about your tokenomics and roadmap

Alex: We created our tokenomics first of all to get a slow distribution chart to the market after listing. That’s why all our early investors have long vestings and our own team tokens we will get totally for example just almost in five years (we just focused on business creating but not fast money from token sales). Also we use up to 50% of our revenue generated from the platform to buy tokens back and burn them, so we are strongly limiting demand and growing supply for the tokens. Also we have just 55m tokens and it wouldn’t be issued more never. Also our tokens must be used for participating in NFT sales, to pay commissions, to grow benefits from investment process, for voting about burning, new integrations, new products, staking and earning from liquidity pools on our platform.

Crypto Kitty: Question №11. How are you developing now, share the details

Dima B: Currently we finished our Private sale marketplace it is launched already, we almost finished the NFT marketplace, also we have functioning affiliating program and SAWA expert section (our biult-in social media). Just in 2–3 weeks we will finish the Chailink protocols integration which will allow us on the first stage to automate rewarding staking, farming, affiliating programs, distribution of native project’s token via our replaceable tokens for private sale marketplace and some interesting additional features later.

After this during a few months we will launch our DEX (for a while without derivatives and will finish derivatives on the first part of the next year), parallerly with DEX will be launched the NFT marketplace and OTC section.

Crypto Kitty: Question №12. Tell us which exchanges you are considering for listing, as well as launchpads

Rus: We are keeping in touch with ByBit and Huobi regarding this matter.

Crypto Kitty: Question №13. Who will you audit and how do you consider project security

Marsel: Part of the safety questions will be solved with Chainlink nodes and oracle solutions (what is connected with cross-chain processes and external information linked to blockchain), Audit we are going to make from Certik and Hacken.

Crypto Kitty: Question №14. Are you considering partnerships with other projects, do you already have partners

Alex: Yes we are working hard and concentrating onboarding new partners now and all of them after finishing formal processes will be announced. We have already spoiled some future partners above, also we launching partnership with amazing project — Galaxy Arena Metaverse which will go IDO next week on ByBit, Double Protocol which supports us with lending technology, Galxy which support us with soul bond NFT technology which we will use for Compliance and KYC purposes and many others which we are currently negotiating.

Crypto Kitty: Question №15. What do you think about the market situation?

Marsel: Although inflation is slightly below expectations, we saw a positive in the market, after the shake-out, everything bounced back and #btc and #spx, etc. assets and indices, apparently the trend will continue, the 9th successful failure under 19k and a return above could not happen.

The 1D candle closed above 19.6 k, we are still trapped between the local support of 19.6k and the resistance of 20.6k, the faster we gain a foothold above the upper limit, the better and faster we will go up.

You can write as much as you like about long-term accumulation and a large bullish wedge, but while we continue to mess around in the flat, you can only trade such drops under the levels as it was yesterday, which statistically have a win rate 8 times in a row.