SuperSwap AMA Recap (19th of September, 2020)

Published in

Crypto Bharat

14 min readSep 29, 2020

🔷 SuperSwap AMA Recap🔷

We organized AMA successfully with SuperSwap team on 19th of September, 2020 in our telegram community group .

Thank you to SuperSwap team for choosing Crypto Bharat for AMA. We look forward to collaborating more with you in the future.

Questions were submitted in our announcement tweet and questions were also asked on telegram by our community members.

Following is the transcript/recap of the AMA.

Rahul -

Hello Community!

We have the SuperSwap Team with us today for AMA.

Before we start this AMA we would like to welcome our guest Super Swap Dex (@SuperSwapDex) and Floyd (@Floyd_Super) to our CryptoBharat family.

Floyd -

[In reply to Rahul Contractwala]

Hi guys, we are thrilled to be In your midst.

Feel good to be here:)

Rahul Contractwala -

So guys , can you please give us a short introduction of yourselves? ( What roles do you play in Super Swap Dex? and how much experience do you have in your respective fields? )

Floyd Superswap_DEX -

[In reply to Rahul Contractwala]

As my profile implies, I’m Floyd by name. Before now, I’ve worked with many projects like Lambda, Bithumb Global, Luna lovers, Menapay, etc before joining Superswap with over 4 four years of experience in the industry looking at its convincing and Innovative DEX platform other can’t implement.

Junkie Virus -

Welcome to CB @Floyd_Super

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Glad to be here🤗

Junkie Virus -

Welcome to CB @SuperSwapDex

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Impressive and its fun to know about your experiences

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Thanks!

Rahul Contractwala -

Now that we know, where you guys come from and what you do. Let’s step on to the community rounds

Floyd Superswap_DEX -

[In reply to Rahul Contractwala]

Awesome!

Junkie Virus -

[In reply to Rahul Contractwala]

Thanks for inviting me for Admin Round

Junkie Virus -

Shall we start the round?

Rahul Contractwala -

[In reply to Junkie Virus]

You’re welcome , Junkie bhai😄

Junkie Virus -

1. What’s the economic model? What are the benefits and Innovations of Superswap?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Oh great question you asked!

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Indeed, our platform is the finest and easy to understand. Going by the economic model, the public pre-sale of 1% (100% of the cashed sushi will be put into the initial flow pool, which can verify the pre-sale contract address.

Floyd Superswap_DEX -

As for the benefits, here are the amazing offers SuperSwap can offer all users:

1) Liquidity Mining Incentives

2) Automatic repurchase

3) Head mining incentive

4) Machine gun shield

Junkie Virus -

Cool, now move on to the next question

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Awesome!

Junkie Virus -

2. What’s the total supply? How to participate in the presale program?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Interesting question!

Junkie Virus -

[In reply to Floyd Superswap_DEX]

It is

Floyd Superswap_DEX -

[In reply to Junkie Virus]

The total supply of SUPER is 100 million pieces, of which 1% are pre-sale LP tokens (all SUSHI redeemed by pre-sale will be put into the initial flow pool), 0.5% for community and agreement signing incentive is reserved, and the remaining 98.5% is produced through mining, of which 10% will be automatically allocated to the team by contract for technical development and agreement maintenance. For users who participate in the LP token pre-sale (only accepting SUSHI exchange), they will receive an initial mining incentive, and the first 2 weeks’ production per block will be 30 times the production per block in the following weeks.

Floyd Superswap_DEX -

[In reply to Floyd Superswap_DEX]

I hope this clarifies your question?

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Ofcourse

Floyd Superswap_DEX -

In addition to the economic model, 98.5% of the mining out (4.5% of the mining excerlation is maintained as an agreement and assigned by the contract to the team address)

Note: For those participating in public pre-sale (SUSHI redemption only), early chips can be stimulated by head mining, and each block in the first 2 weeks will produce 30 times the amount of ore per block in the future.

Floyd Superswap_DEX -

I think am set for the next question😊

Junkie Virus -

Why not?

Junkie Virus -

3. How does liquidity mining works? What’s the presale plan?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

This is one of the interesting features of the SuperSwap platform: The platform charges a 0.3% handling fee, of which 0.2% is returned to SuperSwap liquidity providers to motivate more liquidity providers to provide liquidity for SuperSwap.

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Intresting

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Indeed and it tells how great the platform is going to be.

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Yeah

Rahul Contractwala -

[In reply to Floyd Superswap_DEX]

Impressive! Will definitely want to check out the pre public sale imo 😃

Floyd Superswap_DEX -

[In reply to Rahul Contractwala]

Really😊

Many have been asking of this and we will not hesitate to disseminate the information to your teeming members here🤗

Junkie Virus -

4.Could you briefly give us a convincing introductory aspect of SuperSwap?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

This is one of the great questions I’m always proud to answer about Superswap.

Floyd Superswap_DEX -

[In reply to Junkie Virus]

SuperSwap is based on the “Constant Product Automated Market Maker” algorithm and utilizes the “liquidity mining + automatic repo destruction” economic model of the native token, which will stimulate liquidity providers to mine higher output while automatically achieving high buyback destruction, making the incentive sustainable and thus automatically controlling the market deflation to promote token appreciation.

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Looks like rock solid plan

Floyd Superswap_DEX -

[In reply to Junkie Virus]

I hope it clarifies your inquiry?

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Yes

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Oh, great!

Junkie Virus -

Move on to the next one

Junkie Virus -

5. Is there any presale selection participation? What is the token name?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

We are fully prepared😊

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Oh yes!

Junkie Virus -

[In reply to Floyd Superswap_DEX]

We can’t expect none the less from experienced like you

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Absolutely💪

Floyd Superswap_DEX -

Here is the information about our Pre-sale plan:)

Pre-sale plan:

1) A total of 1 million SUPERSUPEr were pre-sold, with Sushi (1Sushi x 3.8 SUPER) on the pre-sale target.

1/ Log on to the superSwap pre-sale page to participate in the chain pre-sale, the pre-sale limit of 260,000 Sushi, each ID minimum exchange of 5 Sushi, maximum limit of 500 Sushi

2/ Bounce.finance conducts a secondary auction, details to be determined

Junkie Virus -

Last question of Admin round is

6. Have you guys performed a contract/Code audit? What’s head mining?

Floyd Superswap_DEX -

[In reply to Junkie Virus]

Thanks for this question, it means a lot to all our users and potential ones. The answer is yes and here its👇

Floyd Superswap_DEX -

SuperSwap has completed the Beijing Known Creation Contract Audit and Code Audit and will conduct an open-source https://github.com/ryaniyi/super-de-de on GitHub

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Great

Floyd Superswap_DEX -

[In reply to Junkie Virus]

And for the head mining incentive: Unlike other DEX, SuperSwap lowers the threshold for head mining, pre-sale Token (1 million accounts for 1% of the total), pre-sale exchange only accepts SUSHI tokens.

Junkie Virus -

[In reply to Floyd Superswap_DEX]

Now, that we have all the answers in the admin round let’s move on to the next round

Junkie Virus -

Let’s move on to the Twitter Round and to put those top 5 lucky and best questions here I’d like invite our community’s most loved, reputated and humble Admin of Crypto Bharat Traders Community, So Please most welcome to who is none other than Mr. Rahul ( @contractwala )

Rahul Contractwala -

[In reply to Junkie Virus]

Thank you Mr. Junkie.

Those were some really interesting questions, which were answered wonderfully by @Floyd_Super 😄

Rahul Contractwala -

That’s a great introduction and definitely a project worth looking for in the future!

Floyd Superswap_DEX -

[In reply to Rahul Contractwala]

I’m indeed thrilled to be here and for the twitter questions, our CEO would be attending those queries.

Floyd Superswap_DEX -

@SuperSwapDex glad to welcome you on board.

Floyd Superswap_DEX -

@SuperSwapDex could you please say hi to the community.

SuperSwap.co -

Hello everyone, thanks to the famous CB company invited to interact, but also thanks to the crypto world let us discuss DeFi’s latest wealth opportunities, below I will bring three days after the wealth password, please give me ten minutes

SuperSwap.co -

You can continue to ask questions, I will answer, thank you, best wishes

Rahul Contractwala -

[In reply to Floyd Superswap_DEX]

That’s fantastic 😄

Rahul Contractwala -

[In reply to SuperSwap.co]

It’s a pleasure to have you here with us. Welcome to Crypto Bharat Mr. CEO :)

Rahul Contractwala -

Shall we begin with the Twitter round now?

SuperSwap.co -

Thank you for your opportunity

SuperSwap.co -

Let more DeFi investors know about SuperSwap

SuperSwap.co -

Rahul Contractwala -

[In reply to SuperSwap.co]

Indeed. I’m sure they’ve added SuperSwap to their watchlist by now :D

Rahul Contractwala -

Now, for the first question for the Twitter round

Rahul Contractwala -

How did the idea of developing SuperSwap come about? What are the innovations that SuperSwap offers that differentiates it from other similar projects?

https://twitter.com/Emidm28/status/1307181281768341504?s=19

SuperSwap.co -

Haha, that’s necessary, because after three days, the latest mining starts, and for all deFi’s pledge projects, the highest priority will be wealth, such as Sushi and Uni

SuperSwap.co -

Very good question, please wait a moment, I reply on the spot, do not use drafts

SuperSwap.co -

1) First of all, DEX is the absolute future, because in the past 10 years blockchain has produced a lot of CEX, they frequently run the road, embezzle user assets, go out, and so on, the world is the same, including India, and Singapore and China, and our data is transparent in front of them

SuperSwap.co -

As long as CEX’s controls are used to evil, DEX must be the future. Now that we’ve announced the Saver Project, take three minutes to see how we find all deFi mining Token’s weaknesses and control the machine gun pool

SuperSwap.co -

SuperSwap differs greatly from other Dex, and we list many advantages, but the most prominent is the machine gun pool shield

SuperSwap.co -

Once you’re done answering, please take the next question

Rahul Contractwala -

[In reply to SuperSwap.co]

Sure, please take your time to explain. I’ll post the next question once you’re done :)

SuperSwap.co -

SuperSwap Benefits and Innovations:

1) Liquidity Mining Incentives: The platform charges a 0.3% handling fee, of which 0.2% is returned to SuperSwap liquidity providers to motivate more liquidity providers to provide liquidity for SuperSwap

SuperSwap.co -

2) Automatic repurchase destruction mechanism: SuperSwap increases smart contracts, 0.1% of transaction fees automatically buy back SUPER and destroy, automatically control market deflation, thereby promoting token value-added and promoting sound development

SuperSwap.co -

3) Head mining incentive: Unlike other DEX, SuperSwap lowers the threshold for head mining, pre-sale Token (1 million accounts for 1% of the total), pre-sale exchange only accepts SUSHI tokens

SuperSwap.co -

And the pre-sold SUSHI will be 100% into SuperSwap initial mobile pool, deep mining platform seed users

SuperSwap.co -

At SuperSwap Pledge Token, you can participate in head mining incentives, and the SUPERR per block in the first 2 weeks will produce 30 times as much per block in the future, which will also encourage more liquidity providers to join

SuperSwap.co -

4) Machine gun shield: SuperSwap designed the “machine gun pool shield” mechanism to protect the machine gun pool by pulling out the threshold of capital outflow

SuperSwap.co -

The entire SuperSwap economic model will spiral to protect the interests of late participants while avoiding the malicious smashing of SuperSwap by large currency holders or the mining of wool by some speculators

SuperSwap.co -

That’s it

Junkie Virus -

Perfectly answered 😃

Rahul Contractwala -

[In reply to SuperSwap.co]

These are some very interesting features

Rahul Contractwala -

Sounds like a game changer

Rahul Contractwala -

Heading to the second question

SuperSwap.co -

Thank you for your compliments

Rahul Contractwala -

How does machine gun pool shield protect investors from dumping by early LP token investors?

https://twitter.com/CryptoDrop01/status/1307269563654926336?s=19

SuperSwap.co -

Haha, we can’t change anything, but we try to make Dex as perfect as possible

SuperSwap.co -

This question is very important and critical. If you have friends who listen carefully to my answers, you will be pleasantly surprised during the week

SuperSwap.co -

First of all, please open this picture, its data is very important

SuperSwap.co -

Thanks to our CTO, this great innovation that gives SuperSwap Machine Gun Pool Shield comes with a very ad right name: “Les Trois Mousquetaires Project.”

Rahul Contractwala -

[In reply to SuperSwap.co]

Noted👍

Rahul Contractwala -

Now for the third question

SuperSwap.co -

We all know that the recent collapse of the defi project, especially the TRX series, has a short life span

SuperSwap.co -

The cause of their rapid death is their “machine gun pool.”

SuperSwap.co -

But there is no one project to limit them

SuperSwap.co -

But in the bull market mood, we still have a lot of people who choose to believe because it has too many double earnings

SuperSwap.co -

Because of the people who produce these projects, they don’t want to do DEX seriously

SuperSwap.co -

They’re designing this scam to get more people in and then take all the money, and the code doesn’t audit at all

SuperSwap.co -

Because a lot of projects have too many benefits, the bubble itself is very unreasonable, so that people with normal thinking seem to know that it is a hoax

SuperSwap.co -

SuperSwap was born to rethink and position HOW DEX allows users and platforms to grow together, so we set up to prevent speculative users from entering

SuperSwap.co -

From the above table, you can clearly see that if you want to participate in speculation and collect wool, oh, sorry, you are not welcome here

SuperSwap.co -

For example, if you go in the first day to get 30 times the mortgage, the next day you want to cash out to hit the market, then you can only take away your capital, the next day can only take away 5% profit, the third day to take 10%, in order, you can only 15 days to take away 100% of all profits

SuperSwap.co -

At the end of the first round, the second round starts, it’s fair to execute on smart contracts, the code is written and audited.

SuperSwap.co -

That’s it. Next question, please

Rahul Contractwala -

[In reply to SuperSwap.co]

Haha that’s a really great example!

Rahul Contractwala -

Next question

SuperSwap.co -

Rahul Contractwala -

As SuperSwap continues Uniswap’s “AMM constant product” algorithm, how does it intend to maintain the right balance of mining output and destruction?

https://twitter.com/JuliaRa34303877/status/1307284624691867648?s=19

SuperSwap.co -

This question, which has been answered in the last round, is 30 times higher in the first two weeks than in the following two weeks. It is determined according to the different ore production and blocks. Thank you for your question

SuperSwap.co -

That’s it. Next question, please

Rahul Contractwala -

[In reply to SuperSwap.co]

Sure , heading to the next question

Rahul Contractwala -

How did SuperSwap determine the amount of LP Token it will sell for Sushi migration and development, and how will the amount of LP to sell affect the SuperSwap initial flow pool?

https://twitter.com/metin8688/status/1307214600736210945?s=19

SuperSwap.co -

Economic model:

Public pre-sale of 1% (100% of the cashed sushi will be put into the initial flow pool, which can verify the pre-sale contract address

SuperSwap.co -

Community and agreement signature incentive reserve 0.5% (incentive community voting, the establishment of multiple sign-up managers to maintain the stable development of the community.)

SuperSwap.co -

98.5% of the mining out (4.5% of the mining excerlation is maintained as an agreement and assigned by the contract to the team address)

SuperSwap.co -

I don’t think they will choose to sell in uniswap at a very low price. On the contrary, I believe they will pledge with us, because the profit of LP is the biggest. However, how they choose is their business

SuperSwap.co -

Pre-sale is just that we need seed users, simply put, to make money from the first people who believe in us

SuperSwap.co -

Great question. Next one, please. Thank you

Rahul Contractwala -

[In reply to SuperSwap.co]

Indeed. This is a good solution to avoid dumpers looking to make quick bucks and dump the project

Rahul Contractwala -

Now for the final question from the Twitter round

Rahul Contractwala -

One of the common issues in DEFI/DEX is the vulnerability of smart contracts, which results in the loss of user funds, what steps has @SuperSwapDex taken to fix these Common issues and avoid future occurrences ?

https://twitter.com/JammuRiders/status/1307288318741274624?s=19

SuperSwap.co -

Thank you for your approval

SuperSwap.co -

OK, we’ve been code audited, and we’re the most authoritative company, auditing a lot of projects online at Binance

Floyd Superswap_DEX -

[In reply to Floyd Superswap_DEX]

Smart contract audit report!

SuperSwap.co -

That’s it. Next question, please

Beetle -

Pretty Impressive!!

Rahul Contractwala -

[In reply to Floyd Superswap_DEX]

That’s great! Nothing like a secure , audited smart contract

Rahul Contractwala -

[In reply to SuperSwap.co]

That was the last question from the Twitter round. Shall we head on to the the community round now?

SuperSwap.co -

I’m very sorry. I didn’t have a good signal. I kept you waiting

Rahul Contractwala -

[In reply to SuperSwap.co]

No worries. It was not very noticeable tbh :)

SuperSwap.co -

OK, OK, thank you for today’s event and look forward to our great performance next week, which will be presented on CoinMarketCap

Rahul Contractwala -

[In reply to SuperSwap.co]

Of course. Best wishes from the CB team 😄🚀

SuperSwap.co -

Thanks for CB’s blessing, let’s fly to the moon together

SuperSwap.co -

Haha, I’m sorry, but it’s revealed that there’s a defi KOL following us on twitter

Rahul Contractwala -

[In reply to SuperSwap.co]

That’s great to hear!

Rahul Contractwala -

[In reply to Rahul Contractwala]

Shall we proceed to the community round now?!

Rahul Contractwala -

The community is getting really impatient , my DMs are getting filled lol

SuperSwap.co -

Yes please! Let’s go🚀

Rahul Contractwala -

[In reply to SuperSwap.co]

Great!

ℤΐΐØ࿐ -

As a community based project. How can I donate my quota for your success? Does SuperSwap have a Global Ambassador Program or a Referral Rewards System?

ℤΐΐØ࿐ -

Can you list 1–3 killer features of Harmony that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

@Floyd_Super

Floyd Superswap_DEX -

[In reply to ℤΐΐØ࿐]

Thanks for this nice question, you can support by using the platform after launch and also participate in the pre-sale plan.

Rahul Contractwala -

[In reply to SuperSwap.co]

You may feel free to select whichever questions are the most meaningful and answer accordingly :)

SuperSwap.co -

First of all, the superswap team’s mining output is 4.5%, and it is decided by multiple signers. We will vote

Floyd Superswap_DEX -

[In reply to ℤΐΐØ࿐]

Machine gun shield

Head mining incentive

Automatic repurchase

SuperSwap.co -

I’m very sorry, the network is very bad today. Please follow twitter and join us in the telegram, and then I will slowly reply to all the questions

SuperSwap.co -

We’ll use Google Forms to collect everyone’s questions and be sure to respond to everyone, thank you for your attention

Junkie Virus -

[In reply to SuperSwap.co]

No problem

SuperSwap.co -

I’m very, very sorry. We will send the Google form to the community later, and we must answer all of them

Junkie Virus -

Thanks for such an amazing AMA @SuperSwapDex @Floyd_Super

Rahul Contractwala -

[In reply to SuperSwap.co]

Sure. No problem. We’ll share the Google form on our channel and make arrangements for you to collect questions from our community :)

SuperSwap.co -

I see. I know

SuperSwap.co -

I will reply at least 5 questions, these questions will be very professional and interesting, tomorrow

Rahul Contractwala -

[In reply to SuperSwap.co]

It was a really amazing AMA today. An interesting concept , innovation in decentralised finance.

We wish you the very best from the Crypto Bharat Team and community :)

SuperSwap.co -

Bye, tomorrow will be better

Rahul Contractwala -

[In reply to SuperSwap.co]

Indeed, the weather can be really unpredictable. Hope it gets better tomorrow, take care 😊

Floyd Superswap_DEX -

[In reply to Rahul Contractwala]

Thanks for the support guys!

SuperSwap AMA Recap (19th of September, 2020)

Written by Anonymous