FuguSwap x Satoshi CLUB AMA Session 19 March 2021

FuguSwap x Satoshi CLUB AMA Session 19 March 2021



PART 1. Introduction of FuguSwap project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you FuguSwap.

Next-generation decentralized deflationary farming platform and yield aggregator / optimizer built on BSC.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about FuguSwap

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club — @madamlobster and Gold Rocket | Satoshi Club — @GoldRocket27

The Representative of the project:

Fugu Head Chef — Head chef of @fuguswap yield farming rewarding LP in multiple ways!! — @Fuguheadchef

Introduction of FuguSwap
project.

 

Mary | Satoshi Club::

Hello, Satoshi club! We are happy to announce our ama session with Fuguswap! Welcome to Satoshi club

@fuguheadchef welcome here

Fugu Head Chef::

Hello everybody, nice to meet you

Gold Rocket | Satoshi Club::

Good evening, dear community!

Mary | Satoshi Club::

How are you today?

Gold Rocket | Satoshi Club::

Welcome to Satoshi club

Fugu Head Chef::

Good day

Gold Rocket | Satoshi Club::

Thanks for joining

Mary | Satoshi Club::

So, let’s start our ama

Gold Rocket | Satoshi Club::

To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & Fuguswap?

Fugu Head Chef::

I am head chef a 28-year-old crypto passion, I have been involved in crypto since 2014 I used to mine doge and another crypto ever since.

Since then I have always studied projects and tried to find their problems and fix them with sustainable mechanics:

I have a degree in finance and worked in forex for a lot of time, I decided to quit the job and go full time in crypto right after the 2017 bubble!

Mary | Satoshi Club::

Oh, forex, it’s the beginning

Did you ever try fugu soup?

Fugu Head Chef::

My favorite dish

Gold Rocket | Satoshi Club::

Is it so dangerous to eat this fish?

Sorry for the off-topic

Mary | Satoshi Club::

It’s about trusts sometimes

or every time. You should trust the master chef

Gold Rocket | Satoshi Club::

Yes, it’s exactly like cryptocurrency.

Gold Rocket | Satoshi Club::

This is an amazing metamorphosis!

Crypto makes us all a little bolder and freer

Fugu Head Chef::

That’s for sure.

Mary | Satoshi Club::

You’re risky

So, when did you decide that crypto needs fugu?

Fugu Head Chef::

I have entered BSC net yield farming protocols and found very few projects that make sense, they are all just forks of each other and the native token has no actual use cases that offer insanely high APY and what happens to the token price after few days or even a few hours?

Mary | Satoshi Club::

I know what

they’re dumping

Fugu Head Chef::

Exactly

Mary | Satoshi Club::

So, Fuguswap brings new senses?

Fugu Head Chef::

Yes many

Mary | Satoshi Club::

Can you tell us more about them?

Fugu Head Chef::

We will build many products that will be available for free only for fugu liquidity providers and most of the income that these products generate will be used to buy back fugu and burn it

Mary | Satoshi Club::

This definitely has sense! Your users will have many incentives to love Fuguswap

Fugu Head Chef::

Fuguswap DEX, funny addictive games, casinos, our charting platform are some of them

Mary | Satoshi Club::

A lot of features! You have wild imagination

this would be great when everything will go live!

Thank you for your intro! Do you want to start with the questions from our community?

Fugu Head Chef::

I can’t wait Mary!!

Preselected questions about the FuguSwap
DeFi project.

 

Gold Rocket | Satoshi Club::

Q1 from telegram user @wormz28

You are aiming to revolutionize the liquidity mining sector by punishing the sellers and rewarding the liquidity providers in very unique ways. So in order to achieve these goals, what mechanics does the protocol will be using?

Mary | Satoshi Club::

Let’s go

Fugu Head Chef::

One of my favorite names

Mary | Satoshi Club::

Thank you

Fugu Head Chef::

  • 10% transaction fee:
  • 10% to be burned forever
  • 10% deposit fee on all non $fugu pools:
  • 6% to buy fugu back and burn it
  • 2% to dev funds
  • 2% future project development funds
  • 10% withdrawal tax:
  • 4% to buy fugu back and burn it
  • 4% to be redistributed to the liquidity providers
  • 2% dev and future project funds

Fugu liquidity providers will receive weekly income in LP.

Mary | Satoshi Club::

So, does this mean that every time when I will send $fugu it will cost me 10%? Or I am wrong? I see here just 50% from 10%, where the rest 50% will go?

Fugu Head Chef::

Every time a transaction is made 10% of fugu will be burned forever.

So if you have 100 fugu and sell those 90% will be sold and 10% will be burned forever.

Mary | Satoshi Club::

It’s a bit cruel

But I like this game

Fugu Head Chef::

Decreasing the supply and punishing traders/dumpers while rewarding honest and loyal farmers.

Gotta find ways not for the price to plummet right ?!

Mary | Satoshi Club::

Yes, right

Fugu Head Chef::

And all is burning. The team is not getting any fugu per mint nor initial tokens. Which is very rare these days. The sushi team gets 10% per mint. Do you think they burn those?

Mary | Satoshi Club::

No?

Fugu Head Chef::

Hahahhaha no, I really don’t think so !!

Mary | Satoshi Club::

It’s in their pockets?

Fugu Head Chef::

Eheheheh yes, my dear. Most important thing is to create products that have value outside of the farming ecosystem

Mary | Satoshi Club::

Mmm, then your system is better. But they still have a lot of users

hope, they will know about Fuguswap soon

Thank you for your answers! Ready to proceed?

Fugu Head Chef::

We want the best for the Fuguswap community and most importantly we want to be here even 10 years from now!!

Gold Rocket | Satoshi Club::

It sounds cruel enough but fair. If you care about the eco-system of the project.

Fugu Head Chef::

Yes, this is what we care about the most.

Mary | Satoshi Club::

So?

Fugu Head Chef::

Yes I am waiting for you!

Gold Rocket | Satoshi Club::

Q2 from telegram user @yellowchamp

Fuguswap community had decided to have a private sale with maximum 25 investors only. So lucky these 25 investors as an early adopter but why it is being limited only to 25 investors for private sale? How did you screen those qualified whitelisted applicants in your private sale? Aside from private sale, will you also launch a public sale for the Fuguswap community especially to those who did not make it in your private sale? If yes, when will it be? Is there also a whitelisting process for public sale? Thank you.

Fugu Head Chef::

As we always stated Fuguswap is a community-led project, we only needed 50 BNB to fund the initial project, so we made a poll, and the community decided to have 25 investors with 2 BNB each.

We will have a public sale next week and the hard cap will be 400 BNB.

The public sale will be hosted in dxsale or bounce platform and everyone will be able to participate!

Mary | Satoshi Club::

Prices for each sale will be different?

Fugu Head Chef::

Yes, as private investors took a much bigger risk (smart contracts were not ready, no audits, they sent BNB to a BSC wallet, etc) they got 50% more tokens than the public investors

Mary | Satoshi Club::

Got it

and as I understand you still don’t have full details about the future public sale, right?

Gold Rocket | Satoshi Club::

This is a story about trusting your chef

Fugu Head Chef::

Yes, everything is written in our medium.

  • Presale price 1 BNB = 3000 fugu
  • Listing price 1 BNB = 2000 fugu
  • Hard cap = 400 bnb
  • Min/max = 1/5

Mary | Satoshi Club::

Awesome! You can also share this medium article here

Fugu Head Chef::

I just published Fuguswap sales information.

Check it out on medium!!

https://Fuguswap.medium.com/Fuguswap-sales-information-d869f0c3b0b5

Gold Rocket | Satoshi Club::

Thanks for sharing

Mary | Satoshi Club::

Thanks! Ready for the next question?

Fugu Head Chef::

Yup, Let’s go !!

Gold Rocket | Satoshi Club::

q3 from telegram user @antoni_azx

There’s a feature to win $ fugu tokens in lotteries and games, can you provide these sources to earn tokens in this way? Are they in-platform games or do you refer to external ways to receive earnings?

Fugu Head Chef::

Initially, the lottery will be very similar to pancake’s lottery, we plan to change that when we have funds to hire a blockchain gaming developer that will create our own gaming platform!

We will have an entire platform where all Fuguswap games will be hosted and we also plan to register Fuguswap as a company in the not too distant future.

Mary | Satoshi Club::

Got it! Btw, what is your favorite blockchain game now?

Fugu Head Chef::

What about you?

I look forward to playing my neighbor Alice. Looks like that will be very interesting

Fugu Head Chef::

Mana is playable but not that special at all

Mary | Satoshi Club::

I am not a big gamer, but I like alien worlds, but still waiting for their launch

Gold Rocket | Satoshi Club::

Alien worlds

@saromckenna

Mary | Satoshi Club::

And now I will be waiting for the Fuguswap games launch! Count on me

Fugu Head Chef::

Niftygotchi is cool as well

Mary | Satoshi Club::

I should try them, thank you for the advice

Mary | Satoshi Club::

Are we ready for the next question?

Gold Rocket | Satoshi Club::

I also want to try

Mary | Satoshi Club::

After AMA

because I am an addicted person.

Fugu Head Chef::

Yup

Gold Rocket | Satoshi Club::

Q4 from telegram user @derazy

Looking at your website Fuguswap.org, we can’t find information about the Fuguswap team. Where we can find the information about them? Does the team have background and experience in this expertise?

Fugu Head Chef::

Yes, there is a paragraph on our whitepaper, hang on.

FuguSwap team is one of the hardest working and honest Teams in the Binance Smart Chain, we all have a crypto background and @fuguheadchef and @fuguchef have developed many other projects on the eth chain.

The coders have developed many other fully functional Pancakeswap forks.

Team members are one of the core pillars of the project. Our team members work around the clock to ensure FuguSwap is in its best shape. We work in different time zones and we will do everything

in our power to bring FUGUSWAP and the $FUGU token to the masses!

Mary | Satoshi Club:

Is your team anonymous?

Fugu Head Chef:

Well for now we are, but we have no problems in going public if the community requires us to do so. Honestly, I think blockchain is about anonymity and trustless technology.

Mary | Satoshi Club:

This will be great! But it’s definitely your community decision

Fugu Head Chef:

Yup

Mary | Satoshi Club:

Yes, from this site you’re right

Fugu Head Chef:

I will make an official poll about this once the project is evolved enough and the governance app is ready

Mary | Satoshi Club:

Sure! It will be an honest move

thank you for your answers!

Ready to jump to the next question?

Fugu Head Chef:

Yes

Gold Rocket | Satoshi Club:

Q5 from Telegram user @h1drX

You mention several times in the project whitepaper that FuguSwap relies on Binance Smart Chain to guarantee the cheapest and fastest transaction fees, but haven’t you thought about adopting another blockchain to FuguSwap to expand the options for users? Another chain like TRC20? Thank you.

Fugu Head Chef:

Right @h1drX. This is is the kind of question I want to be asked. Honestly, I am not a fan of Tron chain, we are looking into XDAI, Matic, and Polkadot.

Mary | Satoshi Club:

Nice choice

Fugu Head Chef:

I would love FuguSwap to be a cross-chain yield Farming protocol, we would have our own bridge and one could farm wherever he prefers/ is more convenient.

Mary | Satoshi Club:

Yes, I see that we finally start to see more cross-chain projects

soon it will be a must-have.

Fugu Head Chef:

Yeah, I have the same feeling.

Mary | Satoshi Club:

What about ETH?

Fugu Head Chef:

Eheheheh I guess we will need to wait for that. At least 1/2 years.

Mary | Satoshi Club:

I think I understand why

Gold Rocket | Satoshi Club:

Indeed,

Fugu Head Chef:

XDAI is a very interesting technology, I love it.

Mary | Satoshi Club:

Yes, they are! So, they’re your favorites?

Fugu Head Chef:

I really like them, yes, but once fugu has its own chain, I will have another favorite.

Mary | Satoshi Club:

Do you plan your own chain?

Fugu Head Chef:

Yes.

Gold Rocket | Satoshi Club:

For today cross-chain project is in a very advantageous situation. it is very far-sighted that you pondered on this.

Mary | Satoshi Club:

When?

Fugu Head Chef:

We plan to build many valuable products.

Mary | Satoshi Club:

Dream big

Fugu Head Chef:

It really depends on the funds the project will accumulate. All of it will be reinvested in the project itself!.

Mary | Satoshi Club:

Gotcha

hope everything will go in the best way both for you and your community!

And we have the 6th and last question left from this part

ready?

Fugu Head Chef:

last but not least

Gold Rocket | Satoshi Club:

Q6 from Telegram user @Brainchest

Visiting your website, I did not see the functionality and what the farming platform will look like. One page with a link to a tweet, No pairing for stacking, no DEX itself. Then I remembered that Fugu is a poisonous fish, if cooked properly it’s a delicacy, if not well it’s poison. Tell me, in this form it is raw Fugu, why is it not cooked and how do I know\believe whether this Fugu will be cooked as a delicacy or will be poison to my investment

Fugu Head Chef:

When you watched the website, you were looking at a draft, the official website is now up and everything is ready, the farms and pools tab is missing as we are not live yet.

They will be uploaded right after liquidity has been added, and everyone will be able to farm $FUGU!!

check it out at www.fuguswap.org

Mary | Satoshi Club:

What about security?

Gold Rocket | Satoshi Club:

I dream to try this delicacy!

Fugu Head Chef:

What do you mean?

Mary | Satoshi Club:

Did you already make audits?

Fugu Head Chef:

Smart contracts are ready and deployed. Audits reports are out and passed with the highest of votes.

Fuguswap Audit

FuguSwap smart contracts have been audited and passed successfully!!

Give it a look!!

Mary | Satoshi Club:

That’s great! Btw, do you have a roadmap? Or it will be after Public Sale?

Fugu Head Chef:

Yes I will share with you the public roadmap, we have a private one but we can’t give away all our plans right?!

Mary | Satoshi Club:

Sure

Fugu Head Chef:

White paper

Website

Smart Contracts Publishing

Token Contract deployment

Private sale

Smart Contracts deployment

Smart Contracts Auditing

Back end and front end linking

Presale $FUGU

Listing $FUGU token on PancakeSwap

Token distribution

Farms open up

Lots more (games, dex, use cases, rare NFTs, etc..)

Mary | Satoshi Club:

I see, thank you for sharing

a lot of things already done.

And I hope it’s just the beginning!

Fugu Head Chef:

Yup, it is Mary.

Mary | Satoshi Club:

And we are close to the beginning of the live part now

Fugu Head Chef:

I told you, we are here for the long term.

Mary | Satoshi Club:

I Hope Fugu Chef won’t be scared of the little storm?

Of questions Right?

Fugu Head Chef:

I embrace storms, that’s when the magic happens. I just hope everyone joins @fuguswap first.

Mary | Satoshi Club:

It’s required

Gold Rocket | Satoshi Club:

Join Satoshi Clubbers

Mary | Satoshi Club:

Let’s go

PART 2.Questions about the FuguSwap project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the FuguSwap crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @biggdata

Is the community an important stakeholder in the Fuguswap project? How is your connection with the community?

Fugu Head Chef:

1) Community is everything in the Fuguswap protocol, all major decisions will be either made or approved by the community!

Q — 2 from a telegram user @BJosefina61

What are the main advantages of FuguSwap as a protocol than with Pancakeswap, is there something that investors should look closely at?

Fugu Head Chef:

Pancakeswap keeps printing tokens to the infinity, and their deflationary mechanism is inefficient and almost useless.
Fuguswap will give power back to the liquidity providers by punishing dumpers and traders and rewarding liquidity providers with the amazing features we have created !!

Q — 3 from a telegram user @topind7

Can you tell us how Fuguswap project is different, unique, and better to other farming protocols, why should we choose Fuguswap from among other farming protocols, any unique features?

Fugu Head Chef:

Other than the fees mechanics that allow Fuguswap and its native token fugu to flourish Fuguswap team is focussing on building many products that BSC net and crypto in general lack, the more products Fuguswap has the more value Fuguswap protocol and its liquidity providers will have

Q — 4 from a telegram user @Guandog

s KYC or any identification required to participate in the presale or is it free for anyone in the world?

Fugu Head Chef:

No in the public sale everyone will be able to participate

Q — 5 from a telegram user @K2ice

Can you give us a hint on the kind of games that will be hosted on FuguSwap and if the platform’s Dev team will be building games for themselves?

Fugu Head Chef:

We want to build simple and addictive games, old-style, minimalist but very fun to play and almost addictive.
players will be able to bet their tokens and choose different levels of difficulty if the players win he takes a $ of their bet based on the difficulty of the games, if he loses most of his tokens will be burned!!

Q — 6 from a telegram user @tuvalunia

What are the most important advantages of FuguSwap over the existing ones?

Fugu Head Chef:

Truly owned by the community, many deflationary mechanics that will ensure Fuguswap existence in the years to come, very competent and hard-working team who know what’s best for the project, ability to think of and create products current Defi space lacks, and much much more my friend!

Q — 7 from a telegram user @JoxesXIII

Why do you consider the Fuguswap protocol to be the only self-sustaining yield farming protocol?

Fugu Head Chef:

Because most other protocols create an ecosystem that is ultimately meant to collapse, they fuel people’s greed with insanely high APYs and the promise to of fast unbelievable gains. Fuguswap is different as it creates value outside of its farming ecosystem by building any important and rare products that users will pay to use and while being free to use for Fuguswap liquidity providers.

Q — 8 from a telegram user @Korryl

My opinion Fuseswap project is a great and solid project, how do I possibly do investment with Fuseswap? is there any guide or step by step to do on your platform?

Fugu Head Chef:

Thanks for your question,
our ultimate goal is to bring defi and its products to the masses, and we know defi is pretty unknown to the avarage Joe, that’s why one of our products will be a DeFi School where people can learn about defi, yield farming, liquidity pools, IL, etc etc

Q — 9 from a telegram user @highpee

Half of the fund that will be generated through presale will be used to provide LIQUIDITY in Pancakeswap. For how long will the liquidity be LOCKED in order for investors to be sure you will stay for a longer period and what will you do with the remaining fund from presale?

Fugu Head Chef:

Hey man,
Liquidity pair tokens will be all burned ensuring liquidity can never be pulled off Hence any rugs.

Q -10 from a telegram user @Arisabela

The FuguSwap team ensures that the platform is 100% bug-free with a 0% chance of errors, how can the community corroborate that? do you have a program for Bug Hunters?

Fugu Head Chef:

Feel free to join the chat and ask those their guys
@fuguswap

Fugu Head Chef:

I’ll make sure $FUGU is special for special investors like satoshi clubbers !!

Part 3 — Quiz about project

 

In the final part, we tested the knowledge in terms of the FuguSwap project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: FuguSwap

Telegram group | Telegram Chanel | Tweeter | Website | Medium | GitHub | Audit


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