HECO AMA Series Recap №005— CoinWind
Guest: Musk, CoinWind Community Director
Host: Evan of HECO
Evan: Today with us we have CoinWind, a Heco ecological single token mining income optimal platform. The contract automatically matches pledged tokens to maximize all users’ incomes with a minimum hedging free loss strategy. It effectively solves single-token mining low profit and LP mining loss risk problems.
Welcome, Musk. Could you tell us about yourself? What did you do before CoinWind and why did you choose to work for CoinWind?
Musk: Hello everyone, thank you for organizing this AMA event and all participants. This is Musk, the head of the CoinWind community. I am mainly responsible for CoinWind’s ecological business construction and community outreach.
Questions and Answers
Evan: Could you tell us more about CoinWind and its recent updates? In other words, what does CoinWind do?
Musk: CoinWind is a DeFi intelligent mining financial platform that automatically matches the pledged tokens through contracts, and cooperates with the strategy of hedging impermanence to maximize the user’s income, effectively solves single token mining low income problem, and the impermanence of LP mining Risk issues such as large losses.
CoinWind aims to build a DeFi digital asset bank, launching a product that combines high-yield, safety, and reliability, pooling different tokens deposited by users into different pools, and then mobilizing funds from a certain token pool to participate in different liquidity meanings, so as to achieve higher profits for users.
CoinWind products will effectively reduce the impermanence loss in liquidity mining through a combination strategy. At present, CoinWind has launched on Heco and BSC, then will run across multiple main chains such as ETH.
Evan: What logic does CoinWind use to achieve high mining profits?
Musk: First of all, CoinWind mainly solves the following four major problems:
1. Lower the threshold for investors to participate in DeFi mining;
2. Solved the problem of low profit rate of single token participating in mining in DeFi mining;
3. More professional project selections and mining strategies to maximize the rate of return;
4. Screening audited, well-known, popular, and relatively reliable projects to ensure the safety of funds.
Regarding how to achieve high mining returns, you can refer to the machine gun pool logic, but our biggest difference is in the underlying strategy of the protocol. The core competition is how to maintain a high liquidity mining yield to attract users to provide liquidity pools.
At this stage, MDEX is the main mining base. Users only need to invest a single coin, and the smart contract will automatically match the high-yield liquid mining capital pool for mining. In addition, CoinWind helps users to hedge automatically through a combined mining strategy. The impermanence loss in liquidity mining maximizes revenue while minimizing impermanence loss.
Evan: How does CoinWind avoid impermanence losses and become one of the leading mining income optimal platforms?
Musk: The CoinWind team ourselves have been focusing on the direction of blockchain DeFi and contract development. After the Heco main chain became popular, we quickly studied the current ecological value and determined the direction of empowerment. The CoinWind team completed the development, audit, and launch of the contract in more than one month. For other projects on the market, many projects are only positioned as machine gun pools, just using users’ token to mine which is not responsible for the impermanence of users. We are positioned as a DeFi financial management platform, not just a tool aggregator.
The previous question also mentioned a part. When users come to CoinWind, they only need to invest in a single token or LP token. The smart contract will automatically match the high-yield liquid mining capital pool and help users automatically hedge the impermanence of liquid mining through a combination of mining strategies.
In addition, CoinWind’s own funds will maximize the reduction of the impermanence of LP pools through liquidity hedging, so as to ensure the highest profit for users.
CoinWind currently has many advantages such as maximum revenue, single currency mining, avoidance of impermanent losses, selected mining projects, simple operation, and high security. CoinWind will switch funds to higher-yield DeFi projects for liquidity mining, providing our investors with higher mining returns.
Evan: What exactly does CoinWind do for “liquidity hedging”, can you give me an example?
Musk: CoinWind can automatically monitor the pool LP price and the constant product to complete the hedge, which can ensure that impermanence is minimized.
For example, when the price drops, there will be more BTC in LP and less USDT, and we will automatically sell the corresponding BTC in exchange for USDT.
Evan: Which tokens will be added for mining in CoinWind in the future? Will CoinWind add more LP mining?
Musk: We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one. Adding more tokens and supporting more chains are always the goal for coinwind
Evan: Could you briefly introduce CoinWind reinvestment feature?
Musk: First of all, let’s talk about why we need to reinvest. The income generated by current user mining is in the LP pool without any use, which causes the funds to be idle and does not maximize their value; on the other hand, the mining income is lower than in the past. In order to increase user revenue, we have added a re-investment function.
So how does the contract realize the reinvestment? Every 5–10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time. After the reinvestment, the project yield will increase by more than 40% on the current basis.
In addition, the most critical point is to mbinanake a supplementary explanation: as time goes by, the return on reinvestment will get higher and higher.
At the same time, I also suggest that you do not frequently withdraw the proceeds from CoinWind in the future.
Evan: What are the future development plans for CoinWind?
Musk: There are two main development paths for CoinWind in the future:
One is to continue to deepen the Heco and BSC main chain and expand the pool, quota, and token covered to allow more token holders to participate;
The second is to launch on other main chains, such as ETH, OKT, so that there will be more high-quality projects and pools for mining.
For community users, we will open up more tokens and quotas for everyone to invest; at the same time, we also hope to continuously optimize strategies, improve products, and create higher returns for the majority of users.
Evan: Anything else you guys would like to add before we go into the live questions session?
Musk: I want to share ONE MORE THING, CoinWind is about to issue a platform token $COW on May 25th
Live Question Session
Q1: On which issues / points Coinwind will have widgets, tools that will work out of the platform to drive engagement and liquidity more? How will COW token act there?
Musk: We have a dedicated financial team that will continue to screen high-quality projects for users and screen good investment targets. After internal evaluation, more mining tokens and more quotas will be released one by one. you are asking whic issue or points, i am not sure your quesion. CoinWind is ONLY focus on mining projects: single token mining and LP minings. We will keep optimizing our porjects and try our best to providing all minings with the hightest APY
Q2: Most of the investors just focus on the price of the TOKEN in the short term instead of the real value of the project. Can you tell us the motivation and benefits for investors to hold the token $COW for long term?
Musk: $COW is coinwind playtform token
you can hold it to participate mining campaign on Coinwind.com
COW related mingins will have way higher APY than any other minings, because CoinWind have incentive plan for poeple to hold COW.
in the long term, you can hold COW to particilate in more fundraising, such as IDO, imo, etc…
Q3: What are the competitive advantages of your project? What advantages do you have over other competitors? Who is your closest competitor in the market today in terms of scalability, security, features, and adaptability?
Musk: The core advantage of CoinWind is the leading APY. In term of the closest competitor is MDEX, because we are offering similar services, but CoinWind and mdex has reached strategical partnerships. is a win-win corporation.At present: MDEX has the most TVL on heco, and CoinWInd ranks the second place. Us will work together to expland the market and provides the best mining experience for all crypto lovers
Q4: The security is the priority, what can the your platform guarantee or promise in terms of the security and privacy of its users?
Musk: CoinWInd current TVL is more than $2.1 Billion, when you managing a billion level asset, security is definitely a key issue to worry about.
CoinWind has been audited by Fairyproof and Beosin, here are the audit reports
Q5: What is the role of $COW token in the ecosystem? Where can users currently buy it, and what would be its use?
Musk: you cannot but it right now, but you can pruchase it on May 25th, COW fundrasing will start on May 25
if you are interested in it, please make sure to follow coinwind twitter for the latest updates; lots of campaigns , you can join and win whitelist