AMA #2 Transcript : Oction X Narwhalswap Team (09/17/21)

This second AMA was held by another sea animals, the Oction Team the 09/17/21.

Our crew composed of Bob (@Bob_Multichained), A . Styles (@Amsterdamage), Narwhalcoolkids (@Narwhalcoolkids) and Tramirostronix (@Tramirostronix) were answering all the questions of the octopus.

Part 1 : Question from the Oction Team

• Octstar (Host) : Let’s start the ball rolling with the first question! You guys are Team Narwhalswap but your platform is The Grand Banks, what gives!?

Tramirostronix : Ah.. that's THE question. et's see together, it's kinda logical you will see.

The truth is we have 2 projets on our ecosystem ;

• Narwhalswap our Dex which we launched 1 year ago and upgraded to a Dex Aggregator since.
• The Grand Banks our yield farming aggregator.

Makes more sense now ? :p

• Octmoon (Host) : yes makes more sense

A. Styles : Cheap plug to our Dapps in the meantime https://narwhalswap.org/

https://www.thegrandbanks.finance/#/

• Octmoon (Host) : Community kindly take note.
• Could you please introduce yourself to our community?

Tramirostronix : Sure :) .

As a community we are known as the Narwhalswap team. We are here since the beginning of BSC, so you can be sure except going to other chains, we will not run away aha.

• Octmoon : sounds great! other chains like matic and sol?

Tramirostronix : You want us to spoil things mate ? :O

• Octstar (Host) : Teaser? hahahaah
• Octomoon (Host) : hahahah not sooo sooon

Tramirostronix : The family was originally with @Bob_Multichained with us today and our Devs are locked in the basement of our ships (that’s why they don’t stop releasing new products and features !) Even if it’s seems The boss @Narwhalcoolkids succeed to escape. A.styles and me are here almost since the beginning as investors and are now part of the crew.

In my case I'm in Blockchain for 4 years now, both as moderator a french translators and a bounty manager for some ICO. I'm also a crypto writer and journalist and a former chief editor of one of the biggest crypto media here in France.

As the only non anon of the team you can easily find me and my writings (if you find my address, I prefer white chocolate). For the rest i think other members can introduce themselves a bit :)

Bob : Our team consist off 3 highly expertised Devs aswell front as back end, our community is guarded by giants like @Tramirostronix and @Amsterdamage , next to them we have a group of admins and a social media manager🖖

• Octmoon (Host) : wow seems very promising and also safe! with covid spreading like wild fire.

A. Styles : You know it! We are almost ready to celebrate our one year anniversary 🎉 it's literally days away. We are audited and receive much praise from other teams for our unique code, longevity and communication.

Personally, this makes me very proud to be part of such an innovative and trustworthy team.

• Octomoon (Host) : I think we can all wish u in a few days. Happy anniversary to the entire team. To a fruitful future with high apy farms 🙏
• Octstar (Host) : Innovation is a very big part of crypto space, we are all rebel innovators

A. Styles : Ah thank you so much! All credits go to our great devs and supportive community though. They make it a pleasure to be part of Narwhalswap team.

Bob : You know it !

Tramirostronix : Can't agree more and I love chocolate cake, so I'm ready to enjoy it (ps: the cake is not a lie) 😎

• Octmoon (Host) : ok when we meet up ill get u a nice choc cake with a huge dollop of ice cream

Tramirostronix : That’s a deal !

• Octmoon (Host) : What is the meaning of this project’s name? Where did you get the idea for this name?

Tramirostronix : For narwhalswap that's pretty easy. On earth the 🦄 (Uniswap) is the mighty animal with a unicorn, on the sea it's the narwhal ! We sea lovers (bob and me are currently at the beach for the AMA ⛱️ ) and pirates in our hearts follow the path of the Mighty Narwhal.

This path lead us to "The Grand Banks" which is are underwater places around the world.

As a DeFi vault we wanted to make DeFI Great again and simple as possible.

We catch this name because in french, GRAND means BIG and Banks .. is a bank

The Grand Banks was the perfect name for a new way of finance accessible to everyone and in adequation with our undersea ecosystem :)

• Octmoon (Host) : Ohhhhhhhh, soooo may i ask?
• Could you give us 3 reasons why we should choose The Grand Banks over the other yield farming platforms in the market?

A. Styles: Ha! Easy. Ok, who's taking this one?

Bob : Np its easy!

1, Our team has proved to be solid and trustworthy

2. We have the "zap" function, allowing you to deposit and withdraw LP in single assets without the hassle

3, very important: our code is secure, audited and battletested!

• Octician (Host) : The zap is always a way to provide extra convenience for users. personally i find it very useful

Bob : I wont use any other methods since then, its a relief for beginning defi users.

Tramirostronix : Also I wanna add that we are not depend of other DApps. In case of zap, all transactions will use our Dex Aggregator so you don't need to be worry about a wrong road and will always enjoy the best rate for your swaps.

• Octmoon (Host) : sounds pretty cool. The zap function is similar to pancake bunny?

A. Styles : I don't know what that is. But let me tell you this Octmoon... it's as simple as you can imagine

• Octmoon (Host) : i shall try it out myself after this AMA and hopefully u can give us some tips! on where to stake for the highest apy

Tramirostronix : You have the choice of the chain also 😉

Bob : Im not a frequent user of pcakebunny, but i believe they convert assets to be deposited or withdraw. Our code does it all in once

A. Styles : I know what it is, but I don't want to mention others in our AMA

Yeah I'm petty like that aha.

Tramirostronix : To make it simple, you can join every BSC pool with BNB BUSD or GRAND. We adapt the tokens to each chain, for example on Polygon it's MATIC and USDC) :)

A. Styles : In all seriousness, you choose a pool and deposit BUSD. Even if it is a Matic-BNB pool. And you're done ✅ your single token is automagically Zapped ⚡ in an LP token. And you start compounding and earning $GRAND rewards. My grandma could do it!

...she actually did it and is apparently a better investor than me…

• Octstar (Host) : The OCTION audience is curious though about your tokens; what is the token use-case, distribution and where can we buy it?

Tramirostronix : THE questions indeed :) in our case we have 2 main tokens 💪

-$NAR, 21 millions unit max but 50% of supply is already burned ! If you own more than 1000 in you wallet you don't pay any fees on our Dex. Yes, you can finally enjoy FREE SWAPS forever on EVERY TOKENS !

But be quick, when someone use our Dex on one of the 6 chains we are and don't hold $NAR, we use this fees to buy back and burn the tokens 😎 🔥

-$GRAND 30k tokens with already 1% of the supply burned. It's our governance tokens for The Grand Banks protocol. You can vote to proposal but if you want to submit one, you need to have at least 20 $GRAND. :)

Of course, as the liquidity mining will end in February you can enjoy juicy APY and earn $GRAND by providing liquidity to our Vaults. 🤑 I've also heard that holders will see a new features soon….😎

That's the 2 main tokens of our sea écosystème ☺️

A. Styles : Hold up! Are you just skipping over THE BEST RATE SWAP like that? Tramirostronix : Don't punch me please 🥺

A. Styles : So usecase wise...well as @Tramirostronix said, $NAR is cool to me, as holding 1000+ tokens in your wallet gives you a feeless swap. That's right... 0% fees.

Tramirostronix : Best rate on the market 😎 I should say marketS actually thanks to the incredible cross chain job of @Narwhalcoolkids.

• Octstar (Host) : 0% is pretty dope

A. Styles : The swap gives you better rates than other swaps even if you don't own $NAR. go ahead and compare it.

Tramirostronix : Don't spoil it but .. Tomorrow you will be able to enjoy the same on polygon 👀

• Octstar (Host) : The BIG day tml for u guys!
• Could you give us some information about your roadmap, milestones and also your future plans?

Tramirostronix : Indeed ! Let's share some news 👀 So tomorrow is the release day or our Bridge 🌉 $NAR and $GRAND will fully conquer Polygon world before we move to another one 💪

Moonriver, Avalanche, FTM, Harmony ... We will see 👀

The mighty narwhal (Narwhalswap) is already there and guide us in our journey ⛵

• Octician (Host) : Wow tomorrow! Perfect timing for everyone to get to know about you guys

Tramirostronix : Also as one news is not enough .. Today we released harmony chain for Narwhalswap 👀

5 new chains in less than one month .. honestly I don't know what @Narwhalcoolkids is taking but .. I want the same 😍

Narwhalcoolkids : So tomorrow we're finally bridging both our main tokens, for both platforms to Polygon! We have been working hard for months to make ths a success and bring Simple Yield Farming Cross Chain 🛠 We have added indeed a few more chains to our Best Rate Swap to provide other networks the same benefit as our current BSC users.

If you check out our Twitter account, announcement channel or our medium posts you can see what we have accomplished thusfar. Did I miss something guys? 🙊

Tramirostronix : Yes and you succeeded to find us a new partners too ! But we will reveal it in 2 days .. one surprise / day is more than enough 😎

Also as one of the first NFT DeFi DApps.. you should see some new NFT Soon ❤️

• Octician (Host) : As with all projects, one key question. We would like to know more about your business model. How do you make a profit?

Tramirostronix : We have a particular vision here

When you release a tokens, you do everything you can to make it fly. And that's your way to make money 💰

As you can understand, Narwhalswap DEX will support all the current and upcoming chains ! Yes 6 chains (BSC, Poly, Moonriver, Avalanche, FTM, Harmony) is not enough for us !

Therefore buy back and burn will be higher and higher and combining with new use cases for $NAR, we believe the token will fly.

The team is still owning around 2% of the nar supply and don't plan to sold any tokens ! For the anecdote I've decided to join the team when I saw them burning a part of their allocation to prove to community that they are here for the long run !

For grand banks it's the same vision, a buy back and burn to make the token fly as team own a part of the supply ! :) But indeed here we also enjoy some fees of the platform 💪 Finally we are developing new products as bridge so we will enjoy some fees from there too. If you wanna add something guys 🙈

• Octstar (Host) : So this is recurring income which makes the platform sustainable

Tramirostronix : It's our way to show that even after a bear run 🐻 we will be here

Developing new products and working for the mass adoption ❤️

• Octstar (Host) : Just now we briefly covered token utility which makes me curious - care to explain your tokenomics distribution?

A. Styles : Yes! Let me talk about $GRAND for a minute here

So, yeah here goes!!

• GRAND tokens are capped at 30,000 and are being burned 🔥 (as voted by our community) to make them more scarce.

• Max supply: 30,000 GRAND tokens (33% has been mined as of August 13)

• Token able to be mined by depositing into the farming LP funds

• Token holder = governance vote. Holding $GRAND allows you to decide on the platform's future

• Mining of the token supply to be completed within 10 months (expected February 2022)

• Platform fees to be used for buyback and burns— of which 50% will be burned 🔥 and 50% will be distributed to GRAND-BNB liquidity providers.

• 1% has been burned forever ♾

I admit, that was partially copypasta, because it's one of the most asked questions

• Octician (Host) : Nice nice, burns are important to reduce the sell pressure

Tramirostronix : For $NAR, 21 millions like said above and around 50% burned ❤️

Narwhalcoolkids : We really believe that our platforms are unique. We have a growing number of investors and we have noticed our name being mentioned more often. We never sold our team tokens and don't plan on it in the short term. We're going to make investors happy soon for holding our $GRAND tokens btw.

Tramirostronix : Of course : that's not a financial advice 👀

(But at least try the platform 👀)

• Octician (Host) : In terms of marketing, what do you guys have planned out?

Tramirostronix : First as you should have guess : Building before marketing is our mantra 💪.

So marketing will reach higher levels when our ecosystem will be near the end

we have sooooo manh product/features coming including our ZAP V2

But as we are all in the field for a long time, organizing AMA's or getting our name in crypto newspaper (or economic one) will not be that difficult 😉

Also as mentioned we are already in negotiations for new partnership and will reveal the name of the new one in 2 days.

Finally, as $GRAND is used for our DAO, our community can also influence how we will market and which deal we will sign😉

• Octician (Host) : Looking forward to the reveal! Im sure you have some good things to share with all of the community

A. Styles : Yes, Team Oction, thank you so much for this opportunity to get our name out there to your valuable community. It is part of our marketing strategy to get close to potential partners and new investors.

• Octician (Host) : We are happy to be part of this journey.

A. Styles : Better than advertising as we can immediately hear what people expect from us and more importantly take away any concerns about investing in our platform.That being said...

• Octician (Host) : Following marketing, what are your expansion plans?

Tramirostronix : If I say "conquer the Blockchain multivers because everyone deserves an easy and secure DeFi .. " will you accept it ?

A. Styles : We will have ads running on one of our partner's platforms. Tomorrow you might see our banner if you check your investments on Apeboard.

Narwhalcoolkids : Nothing to add, but the advertisement will have a huge Spoiler for $GRAND token holders tomorrow!!

A. Styles : GRANDONOMICS spoilers

Part 2 : Questions from the community

• When i tried to swap 185 busd with 1000 nar at narwhalswap.org, the page hung on me few times. This swap work-in-progress still?

Tramirostronix : No Dex is working but as team is deploying new chains sometimes you need to wait a bit more :)

Issues happened today when we added harmony

However after the update everything is fine

A. Styles : Do me a favor <3 , have like 1005 tokens and try it. We really haven't seen it hang for us lately to be honest, but having exactly 1000 was an issue when we first launched that feature :/

• Are your pools audited?

Tramirostronix : Grand banks is audits by Certik

We also received a review from Rugdocs and are one of the top 25 safest project on the +1000 on their platform

• What's the current TVL of your farms and pools combined?

Tramirostronix : Current TVL for grand (BSC+Polygon + Moonriver) is around 4m$

Take in note that polygon pools are 7 days old and moonriver 1 day :)

• Knowing that there are around 2K members in the TG. Building before marketing is your mantra, i get that. BUT what kind of marketing channels and tactics, besides building and making your products sweet, will your team use in shilling your project over the long term?

Tramirostronix : Actually this crosschain ama, because oction will be in our channel in a few days is just the first one 😉

Also since begining of September we are releasing around 3/4 news / week

We have some inside supports from some influencers and contacts with major crypto media and like A. Styles said, some banners are also coming 👀

A. Styles : We have a combined community of let's say 5500. We hold monthly Twitter giveaways to spread the word, we partner up crosschain, we have ads running on highly visited portfolio trackers, we are having more AMA's and we're about to start working with content creators after our main expansions are done 😊

• How much partnerships have you managed to secure thus far?

Beefy, Apeswap, Blizzard.finance and Hyperjump are some names 😉 and the secret one soon 👀

• Is solana on your roadmap ?

Narwhalcoolkids : Yeah, on our roadmap but will take time because its new for everyone

• To what extent have the recent not-so-bullish market have on the your intended project development and how have you been able to survive possible bear market and continue building and developing ?

Tramirostronix : Experience is a huge advantage here :)

we survived to the past one and are/were more prepared for this one/next one (depends if your are bearish or not)

Actually the dumps of the market didn't affect us on the technical side 🤔

But it impacts us on the price of our tokens and our main TVL which was at 10m$ once.

However by building new strategies and stuff we almost double our tvl last month only on the BSC chain and where featured many times as the second or third project with the highest TVL grow of the week on major BSC news accounts😍

A. Styles : Honestly, bull and bear markets come and go. Like @Narwhalcoolkids said, we're here for the long run. Our goal is to have a platform where you know that whatever you invest, will indeed earn you something, even during a bear market. Project development is a major part of our long-term strategy, we're not trees, but we want to have roots everywhere. We like to swim across the ocean and mate there...

Wait… Skip the last part

We want to conquer all the oceans and be become a better known name, a go-to place for swaps and proper crypto investments. We set our sails to make Yield Farming simple. In my opinion, we did this on BSC but other platforms really lack this option. There's a lot of room for us to grow 😃 so we are