AMA RECAP : Crypto infinity & GramSwap.
On 24th April , we had an AMA with GramSwap. We had with us:
- Koby Mathias
INTRODUCTION.
Q1 : can you briefly introduce yourself?
ANS :
Yes I’m koby Matthias, CEO and lead developer of the GRAMSWAP initiative, I hail from Australia Sydney to be precise and hole a degree in IT, computer engineering and schematics
Been in the crypto industry for about four years and will definitely say it’s been a bitter sweet experience
Q2: Could you please tell us the details about Gramswap?
ANS :
Gramswap is a decentralized (DEX) automated market making (AMM) exchange currently on the Binance Smart Chain blockchain. We are a community-managed project that is governed by the community’s vote for all major changes. Gramswap coin $GMS is developed on the binance smart chain in the first instance, for regulatory reasons, we will launch the Decentralized Exchange where there will be no direct involvement with fiat currencies, that is, all transactions will be crypto-to-crypto through BEP-20 Tokens, as it is obvious that decentralized exchanges carry out transactions strictly via peer to smart contract method, Gramswap aims at producing a decentralized exchange which incorporates lower fees and other strategic use cases which includes staking, deflationary, yield farming, liquidity pool providing.
The $GMS token is a deflationary token which reduces in quantity by 3% of every transactions done
Gramswap is the next generation of Automated Market Maker (AMM), Staking, Yield Farming, IDO, and offers online NFTs on the Binance Smart Chain. Gramswap possesses the ability of staking, creation of adequate yieldfarm, pools
Gramswap is dedicated to systematically produce new Defi products with the team acting as an ad-hoc enabled squad who will help develop, market and launch these Defi products to help grow its biosphere while simultaneously delivering desirable gains to the community, project and users.
Q3 : Can you reveal a little bit about Gramswap roadmap, what is the next plan to develop Gramswap?
ANS:
Yeah we have made some adequate moves concerning our roadmaps presented below ,And we have been working fervently to achieve these.
ROADMAP FOR THE GRAMSWAP EXPERIENCE
Q1–2021 — RECRUITMENT OF TEAM, BRAINSTORMING
BUILD THE GRAMSWAP ECOSYSTEM, ITS DEVELOPMENT
Q2- 2021- LAUNCH OF THE GRAMSWAP WEBSITE, PROMOTIONAL ACTIVITIES
MARKETING, PRESALE,LAUNCH OF GRAMSWAP DAPPS, CONTEST, AUDIT BY TECHRATE
Q3 2021; LISTING IN MAJOR DEX
DEPLOYMENT OF THE DEX, SECOND MARKETING, ECOSYSTEM GROWTH
Q4- 2021: LAUNCH OF FARMING POOLS VERSION 2
FUTURE PLANS- MAJOR UPDATE, DETERMINED BY DEVS, HOLDERS
Q4 : Why don’t we see the identity of the Gramswap team on the homepage, how many people are currently working, and why are they anonymous?
ANS :
Yeah mate, I understand your concern. Let’s be honest, there is a lot of scam and bullshit going on in crypto :)
We have decided to remain anonymous for several reasons:
1) Simply the private safety of our team. Unfortunately, in the countries of some our team members, “public” crypto developers have been robbed, kidnapped or worse.
2) The safety of gramswap as project as well. We do not want to have any regulators on our back — you all heard what has happened to “some” project in the crypto space lately. Of course, the platofrm is decentralized and can live on its own, but it would be much harder with the developer team being concerned about getting sued or whatever :)
3) Lastly, as I mentioned — it is how crypto meant to be! We do not judge people that go public, put their LinkedIn profile links everywhere and so on. We have just other views on how it is should be done.
Speaking straight — everyone can read our code open source, check the audit or just simply hang around and decide for themselves. If you do not like it — do not use our platform, that’s it. Do not trust shiny promotions and promises, verify the code!
Q5 : Can you tell about your listing plans? Especially the ones involving major exchanges, CEX and DEX.
ANS :
Yes, we are looking at listing gramswap immediately after completing our presale and private sale series,
We have our Dex being produced so definitely immediately after launch we should host first on pancake swap and julswap.. then also creating our pairs on our GRAMSWAP exchange
TWITTER QUESTIONS .
Q1 : A partnership is essential for Adoption, so can you tell us what partners you have now and in the future ? Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ? From : @banphimco12
ANS :
Yes definitely partnerships are very important for adoption purposes and as such we aim at opening partnership programs to everyone..first of, for strategic partnership purposes, we have met up with a lot of persons and personalities for promotional purposes, we are also trying to discuss with ICO pantera for partnership.
Also we have an ambassadorial program. Where persons can be ambassadors of gramswap,
Ways they can be ambassadors, they can hold a high number of our tokens to be ambassadors too
Q2 : Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project? From : @tuanphuho
ANS :
Yes Yes first of, we are a COMMUNITY driven platform, every suggestion of our community, we have incorporated in creating our platform. There also exists a governance feature in which members and holders s can vote on any decision to be made.
They can vote about certain decision like NFT disbursement,
Tax incentives disbursement
Our syrup pool incentives disbursement
Q3 : Who are your potential customers and which markets are you targeting on? From : @Mokthekai
ANS :
Well the crypto space is far wide and huge, we obviously encourage everyone to anticipate adoption of our product, we have we aim to target the full crypto space as far as we can, and to increase adoption we have inculcated a lot of processes, and are sure of adequate success rate and delivery
Q4 : Q. In which field (DeFi, Stake,Dapps..) your team focusing on at the moment? and what is your goals to achieve in 2021? From : @MdFaysa32472178
ANS :
Well if you look through our usecase we are a crosschain decentralised exchange
GramSwap have got unique capabilities and features which will help us sustain whatever harsh situation there is , gramswap already has products that are being developed and I’ve sent the snapshot of our syrup pool, cryptocurrency Dex that’s being built also. We didnt wait for presale before building any of such. Is our uniqueness.
We are focused majorly on creating our DAPP and Dex..which is already being produced and completed at the moment, you can take a look at these.
Q5 : Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term? From : @Loc55369225
ANS :
Definitely I’m sure most investors are majorly interested in the overall price of a product in its short period of time..
We have developed our platform in order to encourage holding and holders, we have created a lot of features to encourage members to hold.
1. Holders will earn a share of whatever taxation system we have created.
2. 50% of any unsold tokens will be distributed directly to holders of our token.
3. Holders will automatically gain access to our governance features where they can vote also share fees from transaction fees
4. Our plans always encourage staking as stakers will always earn fees from staking.
LIVE AMA QUESTIONS.
Q1.Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
@Kobygramswap
ANS :
Our killer features are a open feature.
Let’s list some of them
Yield farming/liquidity mining: Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. This innovative and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining. Yield farming is currently the biggest growth driver of the still-nascent DeFi sector, helping it to balloon from a market cap of $500 million to more than $10 billion in 2020. We will have a yield farming section on Gramswap to incentivize liquidity providers (LP) to stake or lock up their crypto assets in our decentralized exchange. These incentives will be a percentage of transaction fees, and liquidity mining of GMS, the governance token of the exchange. These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool on GRAMSWAP, the value of the issued returns rises in value. The liquidity mining of GMS occurs when a yield farming participant earns GMS token rewards as additional compensation of the transaction fees.
LIQUIDITY POOL: There will be a staking section called GRAM Pools for GMS stakers as an incentive for our community, to earn more GMS by staking it. In addition to that, we will have another Pools to allow Binance Smart Chain projects to bootstrap adoption by distributing a portion of their tokens to GMS token holders. However, you can unstake your tokens any time, although unstaking your tokens carry a penalty depending on how long your tokens have been staked and the rewards of those tokens are calculated per block
5 Non-Fungible Tokens (NFTs) on gramSwap
Decentralised exchange: Gramswap would own or contain a decentralized exchange, which makes use of an automated market maker (AMM) that allow digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers. It is a type of decentralized exchange (DEX) that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.
Q2.Could you please provide some info about your Roadmap and how Market is progressing so far?
ANS :
Q1–2021 — RECRUITMENT OF TEAM, BRAINSTORMING
BUILD THE GRAMSWAP ECOSYSTEM, ITS DEVELOPMENT
Q2- 2021- LAUNCH OF THE GRAMSWAP WEBSITE, PROMOTIONAL ACTIVITIES
MARKETING, PRESALE,LAUNCH OF GRAMSWAP DAPPS, CONTEST, AUDIT BY TECHRATE
Q3 2021; LISTING IN MAJOR DEX
DEPLOYMENT OF THE DEX, SECOND MARKETING, ECOSYSTEM GROWTH
Q4- 2021: LAUNCH OF FARMING POOLS VERSION 2
FUTURE PLANS- MAJOR UPDATE, DETERMINED BY DEVS, HOLDERS
Q3.Token burn is important for investors, do you have any plan burn or buy pack?
ANS :
Yes as explained earlier, our tokens are deflationary ( with a 3% emmision rate) this will definitely cause a reduction in the total supply in the long run and make our tokens more valuable to hold
Q4.Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
ANS :
GramSwap was built by one of the most sophisticated and intelligent developers, we have first audited our contracts to ensure that there are no bugs and viruses, we have also ensured that we are https secured, ensuring that there are no issues.. when we launch also, we would begin a bug bounty which would ensure that any bug is discovered
Our audit partner techrate is currently working on completing our audit .. which would also boost trust
Q5.Are you working to promote this project? What are your moves to increase the price after listing?
ANS :
One of the major flair of increasing prices is definitely a working product, which we are working on and are creating.. I’ve shown you all our steps, when we have a working product and aim at advertising in order to increase adoption definitely I’m certain a whole lot of people will accept to be angel investors.!😁
CONCLUSION.
From Koby Mathias:
Well there are a few I’ll like to say a big thank you for letting me into your group.
We will also like to give details of our private sale and presale
we will be hosting our sales series which will begin on Wednesday 28th of April 2021 with a whitelist series,
PRESALE OFFERING DETAILS
Presale will take place on the GRAMSWAP private launchpad, on bounce.finance too
Softcap: 300BNB
Hardcap: 1000BNB
Private sale price: 0.03$/1gms (1bnb/15000gms)
Presale price: 0.05$/1gms (1bnb/10000gms)
Pancakeswap listing price 0.07$/1gms
And our PRIVATE SALE WILL BEGIN ON WEDNESDAY 28TH OF APRIL, 2021 with a whitelist
I’ll like to thank you all for the time and for having me, it’s been a pleasure, kindly key into the GRAMSWAP initiative, we are here to stay and refine DEX!
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