MEXC Global
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MEXC Global

MEXC AMA with Ben Colley from LumenSwap

Guest: Ben Colley, Lead Educator

Host: Miranda


Miranda: Today, we’re honored to have Ben Colley, Lead Educator at LumenSwap, here to give us a more intuitive introduction to their unique project.

Ben, would you like to say hello and introduce yourself?

Hello my name is Ben, I am the Lead Educator at Lumenswap. I have been in the space since the spring of 17 and with Lumenswap since August 21. I have worked in community facing roles with numerous crypto projects and have created many pieces of educational content to help people navigate the space more easily.

Questions from community:

Miranda: What is Lumenswap? Can you share with us more in detail?

Ben : Yes absolutely…..

Lumenswap is a financial platform on Stellar that consists of various clients. These will allow you to Trade, Swap, Invest and Lend your assets.

You will be able to bridge assets from Ethereum and Binance Smart Chain to Stellar using Lumenswap bridges.

We have built a incentivised Automated Market Marketer client that allows you to enter liquidity pools and be rewarded for doing so.

We are developing a community governance client ( DAO) and a Auction Incubator for new projects arriving in the Stellar ecosystem.

We have recently completed the first decentralised lottery on the Stellar Network which was extremely popular.

Lastly we now have our own NFT Marketplace.

Miranda: What triggers you to Lumenswap? Can you tell us what are some of the real-world problems/ pain points that Lumenswap aims to solve?

Ben : Yes, indeed…

We pride ourselves on the inclusive nature of our features and functionalities. Due to being built on Stellar we can provide very cheap and fast transactions ideal for communities in developing nations who have traditionally been excluded from the legacy financial system. We offer a range of financial services in a completely decentralised web3 environment.

Miranda: What about the role of the native token $LSP? Would you tell us more about its tokenomics?

Ben : Now we are talking…

LSP is primarily a Governance, Utility and Reward Token that has been built with the community in mind.

We have a fixed total supply of 1,000,000,000

40% is for ecosystem rewards

16% is Lumenswap Foundation

10% Marketing

12% Token Generation Auction

19% Team

3% Advisors

We have a vesting schedule over 6 years

Miranda: I am sure there are many exciting news and updates regards to Lumenswap, maybe you wanna share with the users some?

Ben : Definitely we have some super charged features coming…

We are shortly due to launch our Stellar project auction incubator, bridges to large liquidity networks Ethereum and Binance Smart Chain and next year will also see our ambitious Stellar Lending Client. It’s great time to be part of our community.

Miranda: Bridging to networks Ethereum and Binance Smart Chain and Stellar! that’s a great step!

I am sure your team have a very busy schedule

Ben : Oh yeah!!! It will help Stellar projects lift off

we are all extremely busy, right

Miranda: if you were to summarize your project in ONE word, what would it be? Can you tell us why?

Ben : Potential! A project built by the community for the community. With a ridiculously low marketcap and some remarkable features we have a huge potential for growth in 2022

Free-asking Session

Q1. Does your project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

Ben :

We have both Liquidity Provision and Hodling rewards. Keep more than 10,000LSP in a native stellar wallet for the course of the month and you will get a monthly dividend

Q2. With lumenswap being deflationary already with lottery, how else can lumenswap make their token $ LSP be more valuable than it is already?

Also do you think when their roadmap features are complete do you think it will be one of the star assets on stellar network?

Ben :

I think it would be super cool to implement a buy back and burn feature. This could be achieved by investing into cross chain yield generating protocols

Q3. Does Lumenswap plan to implement trading of tokenized stocks?

Ben :

Great question. Personally I love the idea of Synthetics being traded on Lumenswap

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

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