On the 24th of May, TAG community has a Telegram AMA with Zeroswap.
At the AMA : Gaurang Desai – Marketing Manager and Vee Fernandez – Zeroswap community Manager, introduced and shared many interesting information about Zeroswap.
And here are the key takeaways of the AMA:
Tag: The AMA would be happened as follows
- Segment 1: Greeting and Introduction.
- Segment 2: Answer the closed questions from Twitter (5questions)
- Segment 3: Live Q&A session (6 questions)
Tag: For starting AMA, we would like to know about team and your project via Segment 1: Warm up
First,
could you briefly introduce about yourselves and ZeroSwap?
Zeroswap: I am Gaurang Desai, have
been working as a marketer for over 7+ years and been in crypto since 2017,
Currently i Head Marketing at ZeroSwap
I
am Vee Fernandes, a recent recruit for Zeroswap and serving in the capacity of
Community Lead. I have been working in community and customer-centric roles so
I bring that experience with me to manage the Zeroswap Community along with my
passion for the blockchain industry
Zeroswap is an on-chain DEX aggregator protocol, it will
allow users to trade on multi chains like Ethereum, Binance Smart Chain,
Polygon etc. under one UI with zero-fee and gasless transactions. The protocol
will reward users every time they make an on-chain trade and provide liquidity
to existing DEXes. Another core utility of ZeroSwap is Zeedo which is our very
own IDO Platform integrated on Binance Smart Chain and Ethereum currently,
Polygon integration is coming very soon. Zeedo uses Chainlink VRF randomiser to
select winners for a fair and transparent process. No whitelist is required and
the process is conducted automatically with no human interaction or influence.
Tag: What do you guys think about the potential of
Decentralized Exchange in Blockchain Industry? Why did Zeroswap decide to build
the Zeroswap Exchange? @iamgaurangdesai @vof2811
Zeroswap: Even though trading
on CEX comes with a convenient user experience it is plagued by a lot of
troubling issues such as wash trading, price manipulation, trade freezing and
most importantly it comes with unsettling security risks that we saw with
Bitfinex and QuadrigaCX where millions of funds were drained and not always
recovered.
Last few years we have seen the rise of many DEXes that are trying to eliminate
the problems that CEXes pose. In a truly decentralized world, complete
ownership vests with the user and is in full control of one’s funds rather than
a central entity.
We’ve witnessed Uniswap surpassing daily trade volume to its centralized
counterpart Coinbase and users are slowly transitioning from CEX →DEX; DeFi is
emerging as the new flag bearer with a TVL of $ 51 Billion as of today.
However, the existing DEXes come with their own set of problems such as high
gas cost, trade fee, imperfect UI/UX and lack of efficient market-making
mechanisms
With lots of new protocols springing up these days to solve the above problems,
ZeroSwap was conceptualised to build — a multi-chain protocol with liquidity
mining, DEX aggregation, market-making suite, gasless transactions with zero
fees using transaction fee mining.
Our co-founders always envisioned a crypto space where users won’t have to pay
these gas costs just the same way you wouldn’t be paying transactions fees
whilst using bank cards. Also in the case of Costco, it doesn’t have a price
mark up selling its goods but still makes hefty revenue through its unique
profitable business model. We want to be trailblazers in the crypto space and
bring about mass adoption in the blockchain industry.
Tag: Please share with us the vision and goals
of Zeroswap in 2021 @vof2811 @iamgaurangdesai
Zeroswap: We are currently working
round the clock to successfully deliver our DEX mainnet which is scheduled for
release in early June. Speaking of, I would encourage your community to try our
live testnet on zeroswap.io and be eligible to win some awesome airdrops for just
participating. Terms and conditions apply.
Other than that, please refer to our road map attached.
To continue, we turn to Segment 2: Answer the
selected Twitter questions.
First of all, I would like to say thank you to Tag’s members who have sent many questions about Zeroswap us.
Tag: The first question is from From Twitter @HongNhu44191662:
Can
you list 3 killer features that would make Zeroswap oustanding from other
current DEX-es like Uniswap, Sushiswap, Pancakeswap,etc?
Zeroswap: Gasless transactions
Zero trade fee
Multi-chain Dex under one UI
Tag: The second question is from Twitter @thunguyet941: Currently the gas fee on Ethereum has become the worst
nightmare of every crypto traders/holders. So what are Zeroswap Exchange’s
solutions to ensure that it would be a “Paradise for swappers” with seamless
swapping experience on multichain with gasless transactions?
Zeroswap: Our solution is already
mentioned in the question itself. We will be providing gasless and zero free
transaction that would attract a lot of users from other exchanges. Initially,
we will bootstrap the gas fees from the ETH funds that we raised during the private
sale and our DEX will have a relayer integration. Every time there is trade and
gas fee is paid by us, Zee will be mined via transaction fee mining through
this relayer mechanism. Once we exhaust our ETH reserve, this mined ZEE will be
used to pay for gas fees. This model will be self-sustainable and more details
will be made available at the right time.
Tag: The next question is from twitter @Nhi51143775:
Beside the gasless transactions, high liquidity is also an
important aspects that attracts more users trading on a Decentralized Exchange.
What is your strategy to increase the liquidity and motivate liquidity
providers staking into Zeroswap Exchange?
Zeroswap: We are basically a Dex Aggregator protocol
so will be pulling liquidity from already existing dexes and we will also be
adding more liquidity on our platform gradually through liquidity mining. A
major motivation for Liquidity providers would be of course gasless trades and
the opportunity to earn multi-farm rewards through staking opportunities.
So for every network we would take support of the exchanges
on it
Example: Ethereum – Uniswap
Binance – Pancakeswap
Polygon- QuickSwap
Tag: The 4th question is from
twitter @DngGiaPhong2: How does ZeroSwap Exchange deal with other DEXs currently
obstacles to accessing DeFi services : high gas cost with on-chain
transactions, liquidity being fragmented to various protocols and services,
trade fee, subpar UI/UX and lack of efficient market-making mechanisms?
Zeroswap: Well
that is done via transaction fee mining, so on Day 1 when the protocol is
launched, we will bootstrap the gas from our side, later whenever there is a
trade $ZEE tokens are generated and they are kept in a reserve and will be used
to fund for the gas.
Now users will say this way you keep
burning $ZEE and there infinite tokens, or would you mint tokens?
No we won’t
We will simply have utilities for $zee to
keep circulating tokens in and out of the system.
Consider amazon earning revenue from
services like AWS, and running e-commerce business as a no profit no loss, we
will have enough utliities around ZEE to provide enough value and fund for gas.
Tag: And the last question is
from twitter @HongVit17808452: It is often more difficult to build a Multi Chain DEX
because it is not directly supported by a full-fledged ecosystem. Do you think
that is an obstacle? And what is your plan to develop DEFI Multi Chain system?
Zeroswap: We
have already integrated different chains on our Zeedo platform and it has been
working smoothly. We are just about to deploy the Matic chain very soon on
Zeedo so it will be the 3rd chain to be integrated apart from BSC and ETH.
Regarding, the DEX, we will be launching on BSC, ETH, Matic, Heco Chain and we
are currently in talks with Avalabs and Solana.
To access these networks, you will just have to click through different
tabs under one UI and our DEX aggregator function will pull the liquidity from
the already existing protocol.
Latest news about Zeroswap and Dfyn
integration https://t.me/ZeroSwap_ANN/372
Tag: Thank
you for your detailed answer.
We
have just finished segment 2 of today’s AMA session, thanks @vof2811 @iamgaurangdesai for the great news.
Now we turn to Segment 3: Live
Q&A session (5 questions)
At this segment, I will open the chat a few minutes to receive the questions.
Let pick your favorite ones when the chat’s closed
Tag: How secured is Zeroswap’s smart contracts
code, did you ever audit it via any third party? What has been the biggest
challenge you have faced in your project development?
Zeroswap: Yes ZEE Token has been
audited – you can check out the audit reports here – https://zeroswap.io/zee-token/
Tag: The growth in popularity of ZeroSwap in
recent weeks has been extremely impressive. What are the key growth factors can
you specify?
Zeroswap: We are actively looking to grow our community organically through opportunities such as this AMA. We also have few regional communities that are constantly promoting our project and many more to join as we expand our reach. Key partnerships with industry leaders such as Chainlink, Polygon and many more also help us in solidifying our outreach into their communities. Some other marketing initiatives happening behind scenes but not limited to are reaching out to prominent influencers and crypto news publications to promote our anticipated DEX mainnet release. We also very much appreciate community-driven marketing through word of mouth.
Tag: What gives the value to $Zeroswap ? What is the role of it in your ecosystem? What can users do in Zeroswap ecosystem with using $Zeroswap ?
Zeroswap: To keep it simple ZeroSwap is gonna be a one stop shop for all your defi needs like
Exchange
Staking
Multifarm
Launchpad
All on multi chain networks
Tag: How are the plans shaping up for marketing
and building a strong, core community which is essential for Zeroswap in the
crypto industry?
Zeroswap: We have been doing various activites for
the community – We recently started Knowledge Swap series where we educate
users about DeFi and other things happening in the industry –
https://medium.com/zeroswaplabs/knowledge-swap-series-1-why-building-a-community-in-crypto-is-pivotal-for-your-projects-growth-62f7423f5738
Tag: Those Investors & Partners, who have
invested in how will you make sure that they get good returns & how will
you Protect the Busy for them?
Zeroswap: Our main goal is to focus
on delivering a unique product and the price of the token will be reflecting
our efforts eventually. Our investors believed in us and hence why they
invested , so we will work hard and deliver.
Tag: How is ZEE token uses for in ZeroSwap ?
How to keep motivation to hold ZEE tokens in the long term? How will you plan
to dominate market?
Zeroswap: if you wana do gasless
trades and participate on various idos which takes place on ZeroSwap,
Hold ZEE by ZeroSwap Staking moudle https://zeedo.zeroswap.io/staking
You can stake on both ETH and BSC for now and get rewards
with APY of 64%
Join our social channels to explore more:
Website | Twitter | Zeroswap
Ecosystem | Telegram Chat | Announcements | Blog | Reddit
Tag: Thank you @iamgaurangdesai and @vof2811 for your time and the very insightful answers.
Once
again, on behalf of TAG Ventures and the members, we would like to thank you
for being here today.
Zeroswap: Thank you for giving us
the opportunity to share our project with your community. Please follow us on
our socials and if there’s any questions we are happy to answer them.
Thank
you so much for inviting us and @Thosinhkim you have been a great host, really loved interacting and
sharing more about ZeroSwap
On the 24th of May, TAG community has a Telegram AMA with Zeroswap.
At the AMA : Gaurang Desai – Marketing Manager and Vee Fernandez – Zeroswap community Manager, introduced and shared many interesting information about Zeroswap.
And here are the key takeaways of the AMA:
Tag: The AMA would be happened as follows
Tag: For starting AMA, we would like to know about team and your project via Segment 1: Warm up
First, could you briefly introduce about yourselves and ZeroSwap?
Zeroswap: I am Gaurang Desai, have been working as a marketer for over 7+ years and been in crypto since 2017, Currently i Head Marketing at ZeroSwap
I am Vee Fernandes, a recent recruit for Zeroswap and serving in the capacity of Community Lead. I have been working in community and customer-centric roles so I bring that experience with me to manage the Zeroswap Community along with my passion for the blockchain industry
Zeroswap is an on-chain DEX aggregator protocol, it will allow users to trade on multi chains like Ethereum, Binance Smart Chain, Polygon etc. under one UI with zero-fee and gasless transactions. The protocol will reward users every time they make an on-chain trade and provide liquidity to existing DEXes. Another core utility of ZeroSwap is Zeedo which is our very own IDO Platform integrated on Binance Smart Chain and Ethereum currently, Polygon integration is coming very soon. Zeedo uses Chainlink VRF randomiser to select winners for a fair and transparent process. No whitelist is required and the process is conducted automatically with no human interaction or influence.
Tag: What do you guys think about the potential of Decentralized Exchange in Blockchain Industry? Why did Zeroswap decide to build the Zeroswap Exchange? @iamgaurangdesai @vof2811
Zeroswap: Even though trading on CEX comes with a convenient user experience it is plagued by a lot of troubling issues such as wash trading, price manipulation, trade freezing and most importantly it comes with unsettling security risks that we saw with Bitfinex and QuadrigaCX where millions of funds were drained and not always recovered.
Last few years we have seen the rise of many DEXes that are trying to eliminate the problems that CEXes pose. In a truly decentralized world, complete ownership vests with the user and is in full control of one’s funds rather than a central entity.
We’ve witnessed Uniswap surpassing daily trade volume to its centralized counterpart Coinbase and users are slowly transitioning from CEX →DEX; DeFi is emerging as the new flag bearer with a TVL of $ 51 Billion as of today.
However, the existing DEXes come with their own set of problems such as high gas cost, trade fee, imperfect UI/UX and lack of efficient market-making mechanisms
With lots of new protocols springing up these days to solve the above problems, ZeroSwap was conceptualised to build — a multi-chain protocol with liquidity mining, DEX aggregation, market-making suite, gasless transactions with zero fees using transaction fee mining.
Our co-founders always envisioned a crypto space where users won’t have to pay these gas costs just the same way you wouldn’t be paying transactions fees whilst using bank cards. Also in the case of Costco, it doesn’t have a price mark up selling its goods but still makes hefty revenue through its unique profitable business model. We want to be trailblazers in the crypto space and bring about mass adoption in the blockchain industry.
Tag: Please share with us the vision and goals of Zeroswap in 2021 @vof2811 @iamgaurangdesai
Zeroswap: We are currently working round the clock to successfully deliver our DEX mainnet which is scheduled for release in early June. Speaking of, I would encourage your community to try our live testnet on zeroswap.io and be eligible to win some awesome airdrops for just participating. Terms and conditions apply.
Other than that, please refer to our road map attached.
To continue, we turn to Segment 2: Answer the selected Twitter questions.
First of all, I would like to say thank you to Tag’s members who have sent many questions about Zeroswap us.
Tag: The first question is from From Twitter @HongNhu44191662:
Can you list 3 killer features that would make Zeroswap oustanding from other current DEX-es like Uniswap, Sushiswap, Pancakeswap,etc?
Zeroswap: Gasless transactions
Zero trade fee
Multi-chain Dex under one UI
Tag: The second question is from Twitter @thunguyet941: Currently the gas fee on Ethereum has become the worst nightmare of every crypto traders/holders. So what are Zeroswap Exchange’s solutions to ensure that it would be a “Paradise for swappers” with seamless swapping experience on multichain with gasless transactions?
Zeroswap: Our solution is already mentioned in the question itself. We will be providing gasless and zero free transaction that would attract a lot of users from other exchanges. Initially, we will bootstrap the gas fees from the ETH funds that we raised during the private sale and our DEX will have a relayer integration. Every time there is trade and gas fee is paid by us, Zee will be mined via transaction fee mining through this relayer mechanism. Once we exhaust our ETH reserve, this mined ZEE will be used to pay for gas fees. This model will be self-sustainable and more details will be made available at the right time.
Tag: The next question is from twitter @Nhi51143775:
Beside the gasless transactions, high liquidity is also an important aspects that attracts more users trading on a Decentralized Exchange. What is your strategy to increase the liquidity and motivate liquidity providers staking into Zeroswap Exchange?
Zeroswap: We are basically a Dex Aggregator protocol so will be pulling liquidity from already existing dexes and we will also be adding more liquidity on our platform gradually through liquidity mining. A major motivation for Liquidity providers would be of course gasless trades and the opportunity to earn multi-farm rewards through staking opportunities.
So for every network we would take support of the exchanges on it
Example: Ethereum – Uniswap
Binance – Pancakeswap
Polygon- QuickSwap
Tag: The 4th question is from twitter @DngGiaPhong2: How does ZeroSwap Exchange deal with other DEXs currently obstacles to accessing DeFi services : high gas cost with on-chain transactions, liquidity being fragmented to various protocols and services, trade fee, subpar UI/UX and lack of efficient market-making mechanisms?
Zeroswap: Well that is done via transaction fee mining, so on Day 1 when the protocol is launched, we will bootstrap the gas from our side, later whenever there is a trade $ZEE tokens are generated and they are kept in a reserve and will be used to fund for the gas.
Now users will say this way you keep burning $ZEE and there infinite tokens, or would you mint tokens?
No we won’t
We will simply have utilities for $zee to keep circulating tokens in and out of the system.
Consider amazon earning revenue from services like AWS, and running e-commerce business as a no profit no loss, we will have enough utliities around ZEE to provide enough value and fund for gas.
Tag: And the last question is from twitter @HongVit17808452: It is often more difficult to build a Multi Chain DEX because it is not directly supported by a full-fledged ecosystem. Do you think that is an obstacle? And what is your plan to develop DEFI Multi Chain system?
Zeroswap: We have already integrated different chains on our Zeedo platform and it has been working smoothly. We are just about to deploy the Matic chain very soon on Zeedo so it will be the 3rd chain to be integrated apart from BSC and ETH. Regarding, the DEX, we will be launching on BSC, ETH, Matic, Heco Chain and we are currently in talks with Avalabs and Solana.
To access these networks, you will just have to click through different tabs under one UI and our DEX aggregator function will pull the liquidity from the already existing protocol.
Latest news about Zeroswap and Dfyn integration https://t.me/ZeroSwap_ANN/372
Tag: Thank you for your detailed answer.
We have just finished segment 2 of today’s AMA session, thanks @vof2811 @iamgaurangdesai for the great news.
Now we turn to Segment 3: Live Q&A session (5 questions)
At this segment, I will open the chat a few minutes to receive the questions. Let pick your favorite ones when the chat’s closed
Tag: How secured is Zeroswap’s smart contracts code, did you ever audit it via any third party? What has been the biggest challenge you have faced in your project development?
Zeroswap: Yes ZEE Token has been audited – you can check out the audit reports here – https://zeroswap.io/zee-token/
Tag: The growth in popularity of ZeroSwap in recent weeks has been extremely impressive. What are the key growth factors can you specify?
Zeroswap: We are actively looking to grow our community organically through opportunities such as this AMA. We also have few regional communities that are constantly promoting our project and many more to join as we expand our reach. Key partnerships with industry leaders such as Chainlink, Polygon and many more also help us in solidifying our outreach into their communities. Some other marketing initiatives happening behind scenes but not limited to are reaching out to prominent influencers and crypto news publications to promote our anticipated DEX mainnet release. We also very much appreciate community-driven marketing through word of mouth.
Tag: What gives the value to $Zeroswap ? What is the role of it in your ecosystem? What can users do in Zeroswap ecosystem with using $Zeroswap ?
Zeroswap: To keep it simple ZeroSwap is gonna be a one stop shop for all your defi needs like
Exchange
Staking
Multifarm
Launchpad
All on multi chain networks
Tag: How are the plans shaping up for marketing and building a strong, core community which is essential for Zeroswap in the crypto industry?
Zeroswap: We have been doing various activites for the community – We recently started Knowledge Swap series where we educate users about DeFi and other things happening in the industry –
https://medium.com/zeroswaplabs/knowledge-swap-series-1-why-building-a-community-in-crypto-is-pivotal-for-your-projects-growth-62f7423f5738
Tag: Those Investors & Partners, who have invested in how will you make sure that they get good returns & how will you Protect the Busy for them?
Zeroswap: Our main goal is to focus on delivering a unique product and the price of the token will be reflecting our efforts eventually. Our investors believed in us and hence why they invested , so we will work hard and deliver.
Tag: How is ZEE token uses for in ZeroSwap ? How to keep motivation to hold ZEE tokens in the long term? How will you plan to dominate market?
Zeroswap: if you wana do gasless trades and participate on various idos which takes place on ZeroSwap,
Hold ZEE by ZeroSwap Staking moudle https://zeedo.zeroswap.io/staking
You can stake on both ETH and BSC for now and get rewards with APY of 64%
Join our social channels to explore more:
Website | Twitter | Zeroswap Ecosystem | Telegram Chat | Announcements | Blog | Reddit
Tag: Thank you @iamgaurangdesai and @vof2811 for your time and the very insightful answers.
Once again, on behalf of TAG Ventures and the members, we would like to thank you for being here today.
Zeroswap: Thank you for giving us the opportunity to share our project with your community. Please follow us on our socials and if there’s any questions we are happy to answer them.
Thank you so much for inviting us and @Thosinhkim you have been a great host, really loved interacting and sharing more about ZeroSwap