RECAP AMA EPID COMMUNITY X COINSWAP

14 min readOct 25, 2021

RECAP AMA EPID COMMUNITY X COINSWAP

🕖AMA Timing : 20th October 2 PM UTC | 9 PM (GMT +7)
🏚Venue For AMA: @EPID_Community
💰Reward Pool : 100$

➡️Part 1: Project Introduction.
Q1: An overall introduction to CoinSwap.com, including vision, functions, etc.
A:
CoinSwap.com Genesis Mining live now, are you guys ready?
No Private sale, No ICO, No Pre-mining! High APY!
Be the first one to have COINS!
CoinSwap #YieldFarming : October 20th 13:00 (UTC)
Get ready：https://bsc.coinswap.com/#/trade/swap/315
Telegram：https://t.me/Coinswap_EN

Vision
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.

*Functions:
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” that can easily allow users to migrate the liquidity previously provided on DEX.
Node NFT: Each node will become the unique NFT system of CoinSwap.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com directly.
Deductible Fees: Coins can be used to deduct 50% trading fees. The trading fee can be as low as 0.15%.

Market Data: Query Token market data anytime, anywhere.
DAO Governance: Users who hold COINS can initiate and vote on the system. Related proposals include block rewards, halving cycles, new token launches and adjustments to liquidity weights of trading pairs, etc.
https://docs.coinswap.io/#functions

Q2: What is the difference between CoinSwap.com and other DEXs?
A:
・The First DEX with NFT and Supernode NFT
Users can earn cashback through building their own ecosystem within the larger CoinSwap’s ecosystem and help build ecology. Unlike other platforms CoinSwap rewards users with referral rewards by helping build CoinSwap.com’s family but while also enriching themselves by generating revenue in CoinSwap’s token, COINS.

There’s no other DEX yet that allows users to build their own ecosystem and DEX within a larger protocol. This internal community that users can build through NFT and Supernode NFT is the future of the DEX world, why would users want to experience DeFi anywhere else?

・Advanced Trading with Professional Settings
CoinSwap’s DEX is extremely rare not because of the NFT and Supernode NFT functionality but for other reasons as well. One major reason CoinSwap has separated itself from the competition is the ability to trade with professional settings on CoinSwap.com’s advanced trading protocol.
Users can experience trading on a DEX for the first time and will benefit from the k-line functionality and the ability to see the depth of the market in real-time.
These features allow users to trade with the traditional CEX benefits but through a decentralized protocol and gives users that the blockchain space was built for the inclusivity they deserve in financial markets.

・Pay for Trading Fees in COINS
Users will notice that when trading on CoinSwap users can pay for their fees through COINS. This is a net benefit for token holders and those providing the ecosystem with liquidity because with every transaction some of COINS’ supply is burnt.
This model is much like EIP-1559 that just recently launched on the Ethereum network, which is a deflationary mechanism to reduce Ether’s supply over time. This same system has been implemented by CoinSwap and this is the first DEX in the entire world that has such an innovative system to provide sound tokenomics.

・Staking - COINS, Volatility-Reward Locked
It’s important to understand that when staking, COINS price rise and fall and will affect the amount of a user's locked reward while also being a good control on the circulating supply of COINS.

Here are advantages of CoinSwap.com⬇️
AMM Transaction
Based on AMM, CoinSwap.com realizes a high utilization rate of funds, low slippage and small risk of impermanence. It also realizes the exchange between crypto currencies, as well as various mining such as liquidity mining and trade mining mechanism, creating a high-performance composite DEX ecosystem.
Liquidity Sharing
CoinSwap supports one-click migration to share liquidity. Users can continue to earn LP rewards, also COINS as extra rewards.
Referral Reward
Invite friends to get transaction reward and mining reward.
Node NFT
Each node and supernode are regarded as CoinSwap.com's unique NFT system.
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.com has the commission deduction and destruction model.
Customize Your One-stop DeFi Platform
Users can customize your one-stop DeFi platform integrating DEX, NFT, DAO, etc., which is more efficient, more convenient and more innovative.

https://docs.coinswap.io/#solution

Q3: Please introduce the nft of CoinSwap.com.
A:
Non fungible tokens [NFTs] are one of the most talked about and newly popularized functions of a blockchain and have grown extremely popular over the last 12 months.
CoinSwap’s decided to capitalize on the ability and beauty of the NFT and has created a community based on NFT and Supernode NFT which enable users to trade the ownership and benefits of the ecosystem they’ve personally contributed to and built.

While other DEXs are relying on copying and pasting protocols from other DEXs like Uniswap or Pancakeswap, CoinSwap is rooted in innovation and pushing the DEX space forward. That’s why CoinSwap launched the Supernode NFT - Supernode NFT enables people in the blockchain space that have built a community and are well known to capitalize on their hard work by building their own ecosystem.

The Supernode NFT ecosystem is personable and allows users to create their own ecosystem inside the larger CoinSwap ecosystem while also earning rewards by growing the aggregate CoinSwap family or community. This is a way for CoinSwap to thank all of the great blockchain enthusiasts that have helped to build this space and they will help build CoinSwap because the trading fees are as low as .15%-.50%; why would any DeFi want to participate in another DEX?

This is the most practical use for an NFT yet and this attracts people that see real value with NFTs outside of art. This is one of the most innovative ideas in the blockchain space of all of 2021. Supernode NFT is an independent ecosystem that is transferable and can yield continuous value.

How to apply supernode NFT?
Supernode NFT is an important global promotion method for CoinSwap.com. Supernodes need to be created with COINS. Supernodes must support and agree with our philosophy and development direction.
Require:
Twitter KOL: No less than 10k followers.
Youtube KOL: No less than 10k subscribers.
Telegram group owner: No less than 2000 members.
Others: CoinSwap.com LP holder TOP100. Wallet or index or other individuals and institutions who want and have ability to promote CoinSwap.com.
Contact: media@coinswap.com

https://docs.coinswap.io/apply-supernodes

Q4: Please introduce the mechanism of CoinSwap.com.
A:
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.com has the commission deduction and destruction model.

The COINS mined by liquidity will be all released directly by default, but when the price of the COINS fluctuates, the system will automatically lock a part of COINS and release them linearly in the following 30 days.

The proportion of the locked part is determined by the difference between the average price three days ago and the current 30-minute average price, and up to 90% of the COINS can be locked.

https://docs.coinswap.io/features/single-token-liquidity-mining#release

Q5: Tokenomics and mining rules of CoinSwap.com
A:
COINS Tokenomics:
The maximum total amount of COINS on BSC is 1 billion, of which 10% is used as team rewards for team operations, technology research and development, etc.; 7% is used as a foundation reserve to support subsequent related investment and financing, partners and construction and improvement of ecosystems, to provide more sufficient and beneficial resources for the development of CoinSwap.com; 1% is used for market operation promotion and brand building; 2% is used for airdrops, bug bounty rewards, supernode NFT rewards, community rewards, etc.; the remaining 80% is used for liquidity mining, transaction mining, and single mining on BSC.

https://docs.coinswap.io/tokenomics-and-mining/coins-tokenomics#coins-tokenomics

Mining Rules:
COINS will be released by staged mining. Genesis mining is expected to release about 10% of the total amount on BSC, which is 100 million COINS. The mining halving cycle is 2 months, and the initial single block unlocks 26.0417 COINS. It is expected that genesis mining will be suspended after at most 2 halvings.
Token symbol: COINS
Lunch period: 13:00(UTC), 20th Oct, 2021🎉🎉🎉

Halving cycle: 2 months
Liquidity mining linear release cycle: 30 days
The maximum of the total amount of genesis mining: 104,000,000 COINS
Liquidity, transaction mining, single mining: 80%, 80 million COINS
Foundation: It will release 0.5%, which is 3,500,000 COINS in the early stage (allocated for the initial liquidity, marketing and strategic partnership, and listing for exchange purposes). In order to avoid the problem of insufficient liquidity of the COINS in the early stages, the foundation will provide some initial liquidity of COINS, but the USDT, BUSD and BNB received from the previous sale of COINS will be participated in liquidity market of the COINS/USDT, COINS/BUSD, COINS/BNB trading pair and this part of liquidity will not be withdrawn within 2 months. The platform will announce the transaction addresses.
Team: 10%, 10,000,000 COINS, released with the progress of mining

Airdrop: 1% 10 million COINS.
The COINS airdrops will be distributed for free to addresses
1. who have recently traded and added liquidity on PancakeSwap, Mdex, Ellipsis, Biswap, ApeSwap, BakerySwap, DoDo, BabySwap;
2. who traded or added liquidity on CoinSwap.com;
3. community;
4. supernode NFT.
Brand building: 0.5% 500,000 COIN
After the second halving, the platform will determine whether to suspend genesis mining and start the second round mining.
https://docs.coinswap.io/tokenomics-and-mining/genesis-mining-rules#genesis-mining-rules

We just launched mining function. So don't miss it!
🗣OFFICIAL LINKS:
Website: https://bsc.coinswap.com/#/trade/swap/315
Twitter: https://twitter.com/Coinswap_
Medium:https://medium.com/@CoinSwap_
Telegram Announcement: https://t.me/CoinSwap_Announcement
Telegram: https://t.me/Coinswap_EN
Discord: https://discord.gg/bapraaVGj4
Reddit: https://www.reddit.com/user/media-coinswap
YouTube:https://www.youtube.com/channel/UCnKlC1pHKUOdRYdrNAoQTlw
E-mail: media@coinswap.com

Q6: Has CoinSwap.com passed the audit and is it safe?
A:
CoinSwap has undergone a full audit by the most trusted security agency in crypto, CertiK.
https://www.certik.org/projects/coinswapio

Q7: How can I get COINS airdrop?
A:
The COINS airdrops will be distributed for free to addresses
1. who have recently traded and added liquidity on PancakeSwap, Mdex, Ellipsis, Biswap, ApeSwap, BakerySwap, DoDo, BabySwap,;
2. who traded or added liquidity on CoinSwap.com;
3. community;
4. supernode NFT.

Website here: https://bsc.coinswap.com/#/trade/swap/315

Q8: Use cases of coins.
A:
1. COINS used to pay for fees will not participate in rebates but will be directly burned.
2. Deductible Fees. COINS can be used to pay for fees. The discount rate is shown in the table below.

3. The creation of the supernode NFT needs to burn COINS.
4. If the project party’s tokens participate in liquidity mining, the project party will provide the tokens and host the user’s single staked COINS to mine the project party’s tokens.
5. COINS can participate in the new functions of the platform such as NFT and IFO.
6. The COINS value can be provided in subsequent contracts and lending products.

https://docs.coinswap.io/tokenomics-and-mining/coins-tokenomics#coins-use-case

➡️Part 2: Question From Twitter (5 best questions).
Q1: @XDAI3040
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? Do you have a Token Burning plan to increase Token value and attract Investors to invest?
A:
Yes,that’s for sure.We have all the functions of dex. At the same time,we are a very different dex!

The First DEX with Supernode NFT
Users can earn cashback through building their own ecosystem within the larger CoinSwap.com’s ecosystem and help build ecology. Unlike other platforms CoinSwap.com rewards users with referral rewards by helping build CoinSwap.com’s family but while also enriching themselves by generating revenue in CoinSwap.com’s token, COINS.
There’s no other DEX yet that allows users to build their own ecosystem and DEX within a larger protocol. This internal community that users can build through NFT and Supernode NFT is the future of the DEX world, why would users want to experience DeFi anywhere else?

Advanced Trading with Professional Settings
CoinSwap.com’s DEX is extremely rare not because of the NFT and Supernode NFT functionality but for other reasons as well. One major reason CoinSwap.com has separated itself from the competition is the ability to trade with professional settings on CoinSwap.com’s advanced trading protocol.
Users can experience trading on a DEX for the first time and will benefit from the k-line functionality and the ability to see the depth of the market in real-time.
These features allow users to trade with the traditional CEX benefits but through a decentralized protocol and gives users that the blockchain space was built for the inclusivity they deserve in financial markets.

Pay for Trading Fees in COINS
Users will notice that when trading on CoinSwap.com users can pay for their fees through COINS. This is a net benefit for token holders and those providing the ecosystem with liquidity because with every transaction some of COINS’ supply is burnt.
This model is much like EIP-1559 that just recently launched on the Ethereum network, which is a deflationary mechanism to reduce Ether’s supply over time. This same system has been implemented by CoinSwap.com and this is the first DEX in the entire world that has such an innovative system to provide sound tokenomics.

COINS Volatility-Block Reward Locked
It’s important to understand that when staking, COINS price rise and fall and will affect the amount of a user's locked reward while also being a good control on the circulating supply of COINS.
The primary initiative of CoinSwap.com is to continue providing their users with the most advanced functionality in DeFi and with the lowest fees. By operating on Binance Smart Chain and mixing CoinSwap.com’s Node and Supernode NFT program, users are experiencing the lowest fees in the blockchain space yet.

Q2: @wINGDAO4RR
Based on AMM, CoinSwap realizes high fund utilization rate, low slippage, and small risk of impermanence. So how can you favor traders at all times by setting tools with very little friction and slippage? How benefits do mining activities provide for the benefit of the user?
A:
We provide very user-friendly service for users at the same time,as you can see above,every part of our design is to benefit user
Add LP to earn,stake to earn,trade to learn(later release),invite to earn,we provide all the function to help users earn money on our platform.Also COINS can be used to pay for fees,pay for supernode creation and later even used in lending projects!There is no dex like us on BSC at all.Users are the most clever,they will choose the best dex if they benefit from it.

Q3: @BaSu99009
Regarding marketing, what plans, ideas and next steps does your project have to attract investors and users? Do you intend to leverage the popularity of social media to make your Project even more popular?
A:
1.We will translate our project in more languages,now only Chinese.Later we will support at least 10 main languages.
2.We will have a more powerful marketing team all over the world!If you guys are intereted in our project,you may be a local ambassador for us to develop local market!
3.We will have more project partnership,list and add lp on coinswap.com

4.Supernode,We now have about 80 supernode all of them run a community of themselves which will make our market grow bigger
5.We keep a very good relationship with medias like Cointelegragh,bscnews and bsc army,later will be more
6.Ads,we spend quite a lot there,like you guys can check ad on bscscan,bscnew,and google,as the time goes by,we will invest more on that.

Q4: @NTmining
I've discovered that each CoinSwap node will become a unique NFT system. May I inquire as to how and why this occurs? What is the advantage of converting each node into an NFT? How will this aid in the security of CoinSwap's protocols?
A:
Check here:https://docs.coinswap.io/announcement/coinswap.com-supernode-nft-application
advantage of converting each node into an NFT is that the nft will have real value and long-team value！So our supernode NFT may be the only real NFT in the market

Q5: @HoangMinhDuck
The liquidity of a project is what investors are interested in. How will you solve the liquidity problem of "CoinSwap' ? Do you have plans to list on major exchanges like Binance or Houbi?
A:
we support one click lp migration from the other dex!You can check on our platform
also you can check our tvl,we launched only 2 hours ago.

Don’t miss the chance and come to farm on https://coinswap.com/#/home?lang=en

➡️Part 3: Free asking (5 best questions)

Q1: @Anna8090
How can I buy tokens from your project? Will you have a program to sell tokens to users in the near future?
A:
We launched mining function today! You can swap or add liquidity on our website. Don’t miss the chance and come to farm on https://coinswap.com/#/home?lang=en

Q2: @Noucibu
Do you have a Token Burning plan to increase Token value and attract Investors to invest?Thanks
A:
COINS Deflation Mechanism
Similar to the ETH EIP-1559 mechanism, CoinSwap.com has the commission deduction and destruction model.
The COINS mined by liquidity will be all released directly by default, but when the price of the COINS fluctuates, the system will automatically lock a part of COINS and release them linearly in the following 30 days.
The proportion of the locked part is determined by the difference between the average price three days ago and the current 30-minute average price, and up to 90% of the COINS can be locked.

Q3: @Noucibu
Is your platform suitable for Crypto beginners? ? Or does it only appeal to professional users?
A:
Of course, our platform is suitable for Crypto beginners. CoinSwap.com is user friendly. We have a full video tutorial on Youtube.
https://www.youtube.com/watch?v=pw9fKoix998&t=39s
For professional users, we have an advanced trading page.
CoinSwap’s DEX is extremely rare not because of the NFT and Supernode NFT functionality but for other reasons as well. One major reason CoinSwap has separated itself from the competition is the ability to trade with professional settings on CoinSwap.com’s advanced trading protocol.
Users can experience trading on a DEX for the first time and will benefit from the k-line functionality and the ability to see the depth of the market in real-time.
These features allow users to trade with the traditional CEX benefits but through a decentralized protocol and gives users that the blockchain space was built for the inclusivity they deserve in financial markets.

Q4: @chunhatramh
Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
A:
NFT are not just for art. CoinSwap.com has found other value of NFTs.
So we become the first DEX with NFT and Supernode NFT .

Users can earn cashback through building their own ecosystem within the larger CoinSwap’s ecosystem and help build ecology. Unlike other platforms CoinSwap rewards users with referral rewards by helping build CoinSwap.com’s family but while also enriching themselves by generating revenue in CoinSwap’s token, COINS.

Q5: @omegasnab1
Does your tokens have farming and staking usages and if yes what APR do you give to us?Does Your project have farming and staking usages and if yes what APR do you give to us?
A:
That's for sure!https://coinswap.com/#/home?lang=en