ZeroSwap x Satoshi Club AMA Recap from 26th of February

ZeroSwap x Satoshi Club AMA Recap from 26th of February


Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ZeroSwap and our guest was Aayushi | ZeroSwap — @a17jain and Gaurang Desai — @iamgaurangdesai. The AMA took place on 26 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Zeroswap! Welcome to Satoshi Club

D. | Satoshi Club:
@a17jain @iamgaurangdesai please tell Satoshi Club a bit about yourselves

Aayushi | ZeroSwap:
Hi, I have been building ZeroSwap for almost a year now, we did our TGE back in Oct 2020, I am in the crypto space since 2017, and have helped shape a couple of products.

Gaurang Desai:
Have been in the crypto space since 2017, been a Marketer for 7+ years, Now I head Marketing at Zeroswap.

D. | Satoshi Club:
Q1 from Telegram user @KevSalom
It’s been about 4 months since ZeroSwap was with us at Satoshi Club, for sure some interesting things have happened in the project. Please update us, so far this year, on what things have you advanced? According to your roadmap for this Q1 you will be working on the ETH to BSC bridge, the LP Rewards on Ethereum and BSC, the ZEE $ stake contracts and the ZeeDO Launch…. What stage are you at with each of these items? Any major partnerships during this time?

Aayushi | ZeroSwap:
We have launched the ETH to BSC bridge, LP Rewards on Uniswap and Pancakeswap are live, $ZEE staking contract and ZeeDO are not live yet, we were facing some blockers on ethereum gas, now just giving things a final touch, and will launch either today or max by tomorrow.

D. | Satoshi Club:
And I assume on Uni gas fees will eat up all your profit. so it’s better to use pancakeswap

Gaurang Desai:
That’s true.

D. | Satoshi Club:
Q2 from Telegram user @Highpee
ZeroSwap’s DEX Offering, ZeeDO, is introducing NFTs into token distribution and you have two NFTs which are Proof of Participation NFT (POP NFT) and Proof of Winning NFT (POW NFT). I really want to learn how this will work. It is said that once a user applies to participate in Token Offering, he is issued with POP NFT but not all who get the POP NFT will eventually receive the POW NFT which is used to receive the distributed Tokens. So how do you select users who get POW NFT? What will happen to the POP NFT received by a user who doesn’t get the POW NFT? Will it have other utility within the Zeroswap Protocol and will it still be valid for subsequent distribution events?

Aayushi | ZeroSwap:
We will select users, by using a VRF, that is a random function will pick proof of winning NFT from proof of participation NFT. This would be all transparent and trustless.

Mary | Satoshi Club:
These NFTs will be tradable?

Aayushi | ZeroSwap:
Yes, users can trade on OTC. Or trade on any platform where the underline token is in demand.

Mary | Satoshi Club:
Which utilities they have?

Aayushi | ZeroSwap:
These NFT will be backed to the token which is distributed. Say there is a satoshi token, and Mary won the proof of winning NFT. And if she wants to sell this NFT on OTC. She can sell it to serge or anyone who wants to buy it, because mary was lucky to win the NFT of satoshi token.

D. | Satoshi Club:
Q3 from Telegram user @Luisz2210
ZeroSwap is currently facing some difficulties in deploying the staking contract on the main-net due to ETH congestion and gas fees, can you give a list of all the hurdles you have been encountering concerning this issue?

Aayushi | ZeroSwap:
So the gas fee is one, we have to deploy the dual contract, second, we are multi-chain IDO, so we need a random function on BSC as well, currently, we partnered with chainlink so they are providing VRF for Ethereum. For BSC we will build our own solution.

Mary | Satoshi Club:
What is your personal opinion can Bsc face gas fees problems also, btw?

Aayushi | ZeroSwap:
No.

D. | Satoshi Club:
Because they are working differently, compared to Eth and thus BSc will never face the problem of high fees?

Aayushi | ZeroSwap:
Scalability issues can arise in any chain, but as of now, it looks good. I asked for today’s ama the rewards would be distributed in $ZEE BEP20, so easy for us to send tokens.

D. | Satoshi Club:
Q4 from Telegram user @meml97
When you said you are developer-friendly, you talked about something called ZeeSuite, but looking for it on your website, I couldn’t find it anywhere else. Could you tell us what this ZeeSuite is and how will make Zeroswap more friendly to developers? Will only be developer-friendly or will it be something that is easy to use for every user on Zeroswap?

Aayushi | ZeroSwap:
When dev wants to build any Defi app, they need an exchange functionality. With zeesuite, users will be able to integrate Defi blue-chip tokens, in their app and easily provide access to tokens, without worrying over gas fees or trade fees.

Mary | Satoshi Club:
Is ZeeSuite already live?

Aayushi | ZeroSwap:
No.

Mary | Satoshi Club:
When do you expect it to be available for the developers?

Aayushi | ZeroSwap:
In Q3. In Q2 we will launch our own protocol, and then create a zee suite.

D. | Satoshi Club:
Q5 from Telegram user @AmirJosh
For the first 3 IDO projects, each user who takes a minimum of 100 $ZEE will be eligible to participate. After that next companies will decide a minimum of $ZEE to stake. What if the company set the minimum at 1 $ZEE? Will you reject or accept it as you give them the liberty to decide the number of tokens to stake?

Gaurang Desai:
We shall still accept it, but there no point staking 1 ZEE at any giving point of time as it not gonna help them.

Mary | Satoshi Club:
When first IDOs or you already had them?

Gaurang Desai:
We gonna announce it soon.
Do keep

on https://t.me/ZeroSwap_ANN

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
At the last part of your Roadmap, I’ve read about your Strategic Partnerships. We all know that one of the ways cryptocurrencies and crypto projects will succeed is through the creation of strong products and services that are adopted by people all over the world, and to create those products and services, crypto projects will need to create the right Strategic Partnerships right? So can you share with us your plans about these Strategic Partnerships of yours and how is it going now so far?

Gaurang Desai:
Partnerships are going really well. We are currently with, Covalent, Frontier, Elrond, Diadata, Altonomy, Defi Wizards. We are exploring NFT ecosystem partnership these days for ZeeDO.

Mary | Satoshi Club:
Btw, as I know you were listed on Kucoin recently

Could you tell us more about your listing campaign?

Gaurang Desai:
We are currently running a Grand Prize Pool of 30,000 ZEE with KuCoin You can check out here — https://bit.ly/3pMgiMU.

Mary | Satoshi Club:
https://twitter.com/kucoincom/status/1364889035919958016?s=19

D. | Satoshi Club:

Big thank you for answers in part 1! @a17jain @iamgaurangdesai. We will open the chat for 2 minutes after the chat will be closed — you can start select questions from Satoshi Сlub members!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny

Hello. I can see that you have launched your AMBASSADORIAL PROGRAM which is known as the “ZEEROS “. I have seen that anyone who is passionate about moving the world on-chain is welcomed to join your ZeeRoes Program, but is that all that is needed? Are there particular talents or expertise that are needed? How can an interested individual get enrolled in Zeeros?

Aayushi | ZeroSwap:
We have mentioned most of our requirements on the ambassador program page.

Gaurang Desai:
Hello Johnny.
You can fill-up the form here: https://bit.ly/3qEAzFw
Please do enlighten about your skill sets, accordingly you can be part of it.

Q2 from Telegram user @ Chinthaka93| Kragx DeFi

ZEE got listed on Kucoin recently. Then what are the plans on listing on another major exchange such as Binance? Do you have any plan on listing on Binance in the future? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
We are exploring options for much bigger exchanges.

Q3 from Telegram user @ LI

Initially, ZeroSwap will support Ethereum, Binance Smart Chain, and Elrond. Will you be integrating other blockchains as time passes? What is your main goal regarding the number of chains supported? @iamgaurangdesai @a17jain

Aayushi | ZeroSwap:
Yes, we will support Pols Ava also going forward it is in our roadmap.

Q4 from Telegram user @ Mamberroi

Zero commissions and no gas transactions!!!! I love that you think so much about the users but how does ZeroSwap support itself? Where do your funds come from?

Gaurang Desai:
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 their 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 an e-commerce business as a no-profit no loss, we will have enough utilities around ZEE to provide enough value and funds for gas.

Q5 from Telegram user @ Hydra z

Do you think that your work team together with your associations and alliances are trained and experienced to develop the different ZeroSwap protocols? Where can I find information about ZeroSwap’s technical team?

Aayushi | ZeroSwap:
We will make our GitHub public. Our team is entirely based in remote locations. We are highly experienced developers.

Q6 from Telegram user @ Billion Successful

Is there an amount of ZEE staking that will guarantee an allocation in ZeeDo platform?. Or everything will be lottery based

Gaurang Desa:
It’s all based on Random Lottery system.

Q7 from Telegram user @ Chinthaka93| Kragx DeFi

Is ZEE listed on pancakeswap also? Can I join the liquidity polls n pancakeswap? And what will be the rewards and APY on LP on pancakswap? @a17jain @iamgaurangdesai.

Aayushi | ZeroSwap:
APY keeps varying, right now it is 300%.

Q8 from Telegram user @

K e l l y

I see a telegram group very similar to ZeroSwap, is it a fake group or is it ZeroSwap?

Gaurang Desai:
https://t.me/zeroswap — This is our actual telegram group.

Q9 from Telegram user @ Chinthaka93| Kragx DeFi

Could you please explain about ”ZeeDO — ZeroSwap Dex Token Offering Platform” Is it live now? Why have you decided to go for a Swapping platform? Because we can see so many swapping platforms recently? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
Yes, there are many swapping platforms but most of them don’t solve fundamental problems Like gas cost and trade. We are building a DEX with a very good user experience.

Q10 from Telegram user @ Tuvalunia

When do you plan to release your services for other networks such as Polkadot, Avalanche, etc.?

Gaurang Desai:
We have the plan to partner with them within Q3.

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
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Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram Community — https://t.me/ZeroSwap_ANN
https://t.me/zeroswap
Twitter — https://twitter.com/ZeroSwapLabs
Medium — https://medium.com/zeroswaplabs


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