AMA with CardaSwap

🎙 Join us for an AMA in the @Decentralized_Club Telegram group, where our honorable guest, Mr. Carda (Founder) from CardaSwap will be answering your questions and providing more insight about their project.

Also, stand a chance to get rewarded. 😉

📝 Guidelines:

Segment 1: Introduction (@cryptoTALK01 will interact with the CardaSwap team).
Segment 2: Twitter Questions.
Segment 3: Website Questions.
Segment 4: Live Telegram Questions.

➖ A pool worth 100$ USDT to be airdropped.

1️⃣ 4 best Telegram questions get 10$ USDT each.
2️⃣ 3 best Twitter questions get 10$ USDT each.
3️⃣ 3 best Website questions get 10$ USDT each.

📌 In order to be eligible for any prizes, you must join CardaSwap Official Telegram & Twitter before AMA! ‼️

➖ Date & Time: 13.09.2021 🗒 at 4.00PM (UTC) | 9.30PM (IST) | 12.00AM (EST) ⌚️

➖ Website Question Posting Link: ➡️

AMA with CardaSwap

 

➖ Twitter Question Posting Link: ➡️

➖ For more details:

Website: https://cardaswap.finance

Medium: https://cardaswap.medium.com/

Litepaper: https://cardaswap.finance/Cardaswap-litepaper.pdf

Tokenomics: https://cardaswap.finance/tokenomics.png

Instagram: https://instagram.com/cardaswap

➖ Timer for this AMA: ⌚️ ⌛️

📌 TnC:

▪️To be eligible for the rewards, please join the following Telegram and Twitter groups:

👉 https://t.me/decentralized_club
👉 https://t.me/cardaswap/

👉 https://twitter.com/dens_club
👉 https://twitter.com/cardaswap

🌍 Know more:

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43 thoughts on “AMA with CardaSwap”

  1. It states on CARDASWAP Tokenomics that the Ecosystem tokens will be locked for a minimum of a year and will be used for partnership and strategic growth opportunities..
    1. Briefly elaborate this strategic opportunities?
    2. Stating that The above strategic plans enhance the CARDASWAP ecosystem to bring about more user cases for the $Cada token how?

    • Telegram Username: Yomcy01
    Reply
  2. Kindly also explain the stategic burns to effectively reduce the supply which according to you makes $CADA more valuable trading?

    • Telegram Username: Yomcy01
    Reply
  3. What effect will Alonzo’s Hard Fork have on the Cardano blockchain and how does this affect your trading protocol positively or negatively? Thank you.

    • Telegram Username: @Dhir007
    Reply
  4. Sir, what portion of CardaSwap tokenomics is set aside for marketing? Is it a significant figure, seeing as the hype surrounding $ADA is giving free publicity to all Cardano projects? Thank you.

    • Telegram Username: @Dhir007
    Reply
  5. Even though Cardano has received many critics and bashes, Cardano is only just starting with its product implementations for DeFi, NFTs and other smart contracts. What would be your bias for Cardano compared to other blockchains and its competitors? Do you think Cardano deserves to be in the third spot as the largest cryptocurrency by marketcap? What do you think are the unique features that Cardnao has that you decided to based your project within it?

    • Telegram Username: @Jmagsss
    Reply
  6. We all know that Cardano’s delegated staking features is what makes it unique and valuable compared to other blockchains. How would you encourage your users to unstake their Cardanos and put it on your liquidity pools? Can you LP rewards match the staking rewards of Cardano?

    • Telegram Username: @Jmagsss
    Reply
  7. Yesterday was Cardano’s Alonzo testnet release. For Cardano investors, it is a huge and big news for Cardano’s further development as a third-gen blockchain. Was the Alonzo testnet release has a impact for your project? If so, what does this testnet means to you and to CardaSwap?

    • Telegram Username: @Jmagsss
    Reply
  8. Cardaswap aims to be a fully community-owned and DAO-governed Defi protocol in the long run, but who will be in charge of proposing topics and options for the community to vote on?

    • Telegram Username: @Kherrera22
    Reply
  9. In what type of cryptocoin, can I provide liquidity to the Cardaswap ecosystem, and thus become a liquidity provider?

    • Telegram Username: @Kherrera22
    Reply
  10. Many decentralized platforms face security issue. How secure is cardaswap? Is there any anti-bot measure placed to stop them from creating havoc? Which security protocols and techniques cardaswap follow to safeguard its community?

    • Telegram Username: @QasimRaja12
    Reply
  11. Do you consider that Blockchain is really causing an impact on technological / financial activities and will it continue to be present in the future of DEX as a whole of the NFTs?

    • Telegram Username: @nhairym
    Reply
  12. Hi, welcome to the AMA community, this is your first session, what are your expectations regarding these impressive and very informative interventions, apart from using this platform to publicize your project, do you have another marketing strategy?

    • Telegram Username: @nhairym
    Reply
  13. What are the benefits of being a provider of liquidity in an open financial market, when should you invest and how long do you start to see the results of the initial investment?

    • Telegram Username: @nhairym
    Reply
  14. Cardaswap has a tool called Cardaswap Create LP which attracts a lot of attention. What is Cardaswap Create LP? How does it work? What advantages does it offer?

    • Telegram Username: @Josegamboac
    Reply
  15. Cardaswap is also working on its NFT Marketplace, from which, users will be able to mint and trade NFTs on the Cardaswap NFT Marketplace. When do you estimate the NFT Marketplace is ready? What types of NFT do you estimate can be exchanged in your NFT Marketplace?

    • Telegram Username: @Josegamboac
    Reply
  16. Cardaswap is a decentralized exchange on the Cardano blockchain. Can you clarify some of the design decisions behind the Cardaswap protocol and the functionality of its contracts?

    • Telegram Username: @Lestmarisv13
    Reply
  17. We all know that there are many Blockchains out there, and each of them has its own unique characteristics. Why did you decide to base the CardaSwap project on cardano? What advantages does the Cardano Blockchain offer to CardaSwap?

    • Telegram Username: @Lestmarisv13
    Reply
  18. Cardaswap aims to be a fully community-owned, DAO-governed Defi protocol for the long term. What are the characteristics that properly distinguish the Cardaswap protocol from other Defi protocols?

    • Telegram Username: @Lestmarisv13
    Reply
  19. I noticed that Cardaswap recently concluded it Presale early this month, but for those of us early investors who missed the presale but will like to get into Cardaswap early, will there be such an opportunity again? Is $Cada currently listed on any Cex or Dex? If No, when will it be listed and on what Dex or Cex will it be listed?

    • Telegram Username: @Odion13
    Reply
  20. According to your roadmap, by Q4, Cardaswap plans to create Cardano-based token bridges with Ethereum and BSC-based tokens. What will be the benefits these bridges will bring to your decentralized ecosystem? Why initiate this interoperability model with BSC and Ethereum networks?

    • Telegram Username: @Thomas23P
    Reply
  21. I noticed that there wasn’t any details in your whitepaper regarding your Token Distribution. So please, can you give us an indepth description regarding the Tokenomics of $CADA? What is the total and max supply of $CADA? Do you have a buy/buy back mechanism in your smarts contracts in order to reduce and limit the supply of $CADA?

    • Telegram Username: @Odion13
    Reply
  22. Could you really explain to us why develop this swap only through the Cardano network? What characteristics of this network led you to develop it? or is it simply because there are very few swaps developed in them?

    • Telegram Username: @AugusS7
    Reply
  23. Will the interface of CardaSwap Full Dex / AMM be very similar to those used in Uniswap and the most recognized swaps? or are they really incorporating some modifications?

    • Telegram Username: @AugusS7
    Reply
  24. I could see that in addition to developing their swap, they will also incorporate an NFT market, but actually in Cardano can NFT tokens be created? o Cardaswap will be the pioneer in the creation and commercialization of NFT in its network and among others?

    • Telegram Username: @AugusS7
    Reply
  25. Has Cardaswap completed its entire audit process? If so, is your smart contract completely reliable? If so, how can we validate it? where can we see your report?

      Reply
    • I understand that the seed round ends on September 20, but can you really tell us what we should do to participate in it? And really what are the benefits that we will obtain if we participate in it?

      • Telegram Username: @Gutike95
      Reply
    • What are the ultimate goals of Cardaswap really? is it simply being the largest Dex exchanger in the Cardano network? Or do you really want to expand more than a simple swap?

      • Telegram Username: @Gutike95
      Reply
    • Really when will you be ready to use your swap? If it is early, then there are already several projects with their tokens developed in the Cardano network? but really, what use will your swap be if there are very few tokens in that network?

      • Telegram Username: @Gutike95
      Reply
    • How does Cardaswap plan to fight and solve the liquidity problems of the projects? Will your liquidity provider be attractive enough that it will motivate users to participate in liquidity to obtain large rewards?

      • Telegram Username: @Gutike95
      Reply
    • Most of the DEXes require a very big amount of capital to serve as collateral in order to create a new pair. Does Cardaswap Create LP offer any flexibility to token issuers in this aspect?

      • Telegram Username: @GemHunter76
      Reply
    • One of Cardaswap’s goals for 2024 is to launch a Cardano-based NFT marketplace. What will differentiate this NFT marketplace from other similar marketplaces in the market and what will be the main advantages it will provide to users?

      Thank you!

      • Telegram Username: @shitosan
      Reply
    • In an article on Medium you mention that Cardaswap will use the Plutus smart contract platform. Could you explain to us for what purpose you have decided to use this platform? What functionalities will this allow you to use within Cardaswap?

      Thank you!

      • Telegram Username: @shitosan
      Reply
    • Currently there are no DEX within Cardano, but Cardaswap’s goal is to be the largest exchange for the Cardano ecosystem. Can you tell us about the attributes and features that will enable Cardaswap to achieve this? What are the improvements that cardaswap offers in the exchange system that we will not be able to find in other Dexes?

      • Telegram Username: @sirdefi
      Reply
    • I understand that this is your first AMA, could you tell us a little bit about what other kind of events you will do to make cardaswap reach more users? Will you be doing airdrops or social media influencer campaigns for this?

      • Telegram Username: @cryptoflower13
      Reply
    • In the future you will be implementing a bridge to connect the cardano network with Ethereum and BSC, can you tell us what technology you will use to build the interoperability of your platform?

      • Telegram Username: @Antoni_azx
      Reply
    • What are the advantages of becoming a liquidity provider on your platform? Do you offer mechanisms to mitigate common risks such as impermanent loss? How do you guarantee the protection of your users’ funds?

      • Telegram Username: @Antoni_azx
      Reply
    • In the whitepaper you say that CardaSwap is an adaptation of the model popularized by Uniswap. Considering that Uniswap is one of the leading exchanges in DeFi, can you tell me how Cardaswap outperforms Uniswap?

      • Telegram Username: @h1drX
      Reply
    • Something very interesting about Cardano blockchain is that it uses “The Extended Unspent Transaction Outputs model”, can you explain to us how this system works and why it is so important? And is it completely safe?

      • Telegram Username: @h1drX
      Reply
    • In your whitepaper you say that on the Cardano blockchain, there is approximately one block every 20 seconds. This means that the platform would experience fatal performance, why is this happening? And how do you intend to tackle this problem and find a solution?

      • Telegram Username: @h1drX
      Reply
    • I am interested in knowing what is the reason why you chose to build a DEX on the Cardano blockchain considering that there are many other faster, less expensive and interoperable blockchains? Why did you choose Cardano Blockchain?

      • Telegram Username: @mctrho
      Reply
    • In your whitepaper you make it clear that CardaSwap has a lot to improve mainly in mechanisms, for now how can you get the community to trust CardaSwap and support you? What are your methods to attract more users?

      • Telegram Username: @mctrho
      Reply
    • The planned Alonzo Hard Fork, which will be the launch of the advent of Smart Contracts later this year, will cause a large increase in the economic activity and utility of the Cardano. What impact can this event have on CardaSwap?

      • Telegram Username: @mctrho
      Reply
    • What differentiates your platform from other similar platforms by using Cardano as the main chain? Unlike Uniswap or Pancakeswap, what are the benefits that Cardaswap provides to your LPs so that more users are attracted to your platform and start providing liquidity?

      • Telegram Username: @GemHunter76
      Reply

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