Swamp Finance AMA Recap

BSCDaily.com hosts Swamp.finance: a yield optimizer on Binance Smart Chain. Swamp.finance uses vaults to facilitate the automation of compounding and the process of yield farming. The goal is to make gas utilization more efficient alongside other automated processes while utilizing various strategies to help users grow their assets through automation

BSCdaily – Admin: Are you ready? @swamp420

wamp Finance: Sure, lets begin!

BSCdaily – Admin: Are you guys ready?

Swamp Finance:Great to be here! We’re ready 

Q1: What is Swamp Finance all about? Give us a little summary

Swamp Finance: Swamp.finance seeks to give users a better yield farming optimiser on Binance Smart Chain. We use Vaults, specialised smart contracts on BSC, to simplify the process of yield farming automation. Vaults auto-compound the rewards to provide users with greater yields. As an incentive, early protocol participants are given bonus rewards in the form of Swampy that will be later used to vote on community proposals.

Q2: Could you tell us a little bit about yourself? Why did you and your team decide to build Swamp Finance?

Swamp Finance: The main idea was to offer the best user experience in the DeFi space we can provide. We wanted to make the user interface as easy to use as possible for beginners, with a supporting tutorial section on the page in the form of videos. We also included a fiat gateway to offer a quick solution for first time DeFi users. But nonetheless we try to provide an evenly pleasing solution to seasoned DeFi users with a variety of Vaults and other features.

People can check out the tutorials here: swamp.finance/tutorials/

BSCdaily – Admin: I’m surprised! You even have a fiat gateway

Swamp Finance: Yes people can buy their first BNB here: swamp.finance/buy-bnb/

Q3: How many people are your team composed of?

Swamp Finance: The team is composed of the whole spectrum of the people that business like this needs. Currently we have a few developers and are currently onboarding 2 new ones. We also have a designer to make our graphics as sleek as possible and to support the marketing team with graphics for their marketing activities. Besides the marketing team we also have a group of community managers who manage our communities on Telegram and Discord. 

You can chat with them here: t.me/swampfinance

BSCdaily – Admin: Great! I’ll join the group after the AMA

Swamp Finance: All of you are welcome!

Q4: Now let’s dive into $SWAMP token, shall we? Can you share with us your tokenomics?

Swamp Finance: Sure. Swampy is distributed to users of the protocol as an incentive for the early supporters, who will later be able to govern the Swamp. Total daily distribution of the SWAMP is around ~5,479.452 SWAMP daily. Rewards are distributed to the vaults depositor as additional reward to their already auto-compounding assets. The Dev team gets 10% of daily SWAMP emissions. Distribution will finish in 1 year from the initial Swampies being minted. This will give the SWAMP supply cap at 2 million tokens. But as the time progresses the protocol continuously reinvests part of the profits generated to SWAMP buyback and burn, therefore creating deflationary tokenomics resulting in much lower supply after 1 year passes. The buyback has been recently increased and now takes up 50% of the total profits for the buyback.

You can also find this informations in our docs: docs.swamp.finance/tokenomics-and-fees

BSCdaily – Admin: The deflationary tokenomics was great

Q5: Could you give us more info on Swamp Finance’s token $SWAMP? What are some of its use cases?

Swamp Finance: Swampy will become a governance token of the SwampDAO, which will be the DAO of Swamp.finance ecosystem. Holders of the Swampy will be able to create and vote on governance proposals to the ecosystem for example the listing of new vaults, changes to the tokenomics of the protocol and many others. As we progress the development of the ecosystem new use cases of the Swampy may arise.

Q6: How can I obtain $SWAMP?

Swamp Finance: Swampy is currently available on Pancakeswap, but users can as well purchase it through swap aggregators like 1inch. Swampy will also be available at other DEXes in the BSC ecosystem soon.

BSCdaily – Admin: Listing on new DEXes, that’s a big news btw 

Swamp Finance: Coming soon 

BSCdaily – Admin: Haha I’ll wait

Q7: What marketing strategies have your team decided to use to spread awareness and promote growth and use of the project?

Swamp Finance: We are trying to raise awareness in areas of BSC space. As our main channel we use Twitter, where we post all of our announcements. We also collaborate with numerous BSC media outlets as is BSCDaily. Getting back to Twitter Swamp.finance further collaborates with influential personalities of BSC and wider crypto space for the increase of awareness about the protocol. To ensure the growth of our protocol, Swamp is making ties with a diverse pallet of BSC projects to form long term partnerships and bring goodness to joint communities.

BSCdaily – Admin: I guess there’s gonna be a lot of exciting news for $SWAMP holders to expect then

Q8: So for people who are interested in $SWAMP as well as the current investors. What can we expect in the next 3 months and in 2021 as a whole?

Swamp Finance: Hm let me think about that…

We plan to continue the agile development of the Swamp.finance yield optimiser with numerous new features to give users the best experience with DeFi as we can provide. We try to take every community proposal into consideration and incorporate into our development plans. As Swamp.finance protocol will be a DAO the future of the Swamp.finance is in its holders hands.

Q9: Where can we find out more about Swamp Finance?

Swamp Finance: I have prepared a list of useful links for the listeners

 Swamp Finance Links 

Swamp Finance App – app.swamp.finance/app/

Techrate Audit – swamp.finance/static/frontend/docs/audit-techrate.pdf

Swamp Chart – dex.guru/token/0xc5a49b4cbe004b6fd55b30ba1de6ac360ff9765d

Twitter – twitter.com/SwampFinance

Telegram Group – t.me/swampfinance

Discord – discord.com/invite/EShGqrFwAF

Telegram Price Bot / Waterfall Channel – t.me/BinanceRocketSWAMP

Dappradar – dappradar.com/binance-smart-chain/defi/swamp-finance

BUY Swamp – exchange.pancakeswap.finance/#/swap?outputCurrency=0xc5A49b4CBe004b6FD55B30Ba1dE6AC360FF9765d

BSCdaily – Admin: As we are coming to the end of the AMA. @swamp420, anything else you’d like to add before the end?

Swamp Finance: We would like to give everybody a warm welcome to the Swamp!

BSCdaily – Admin: Thank you very much for your time today at BSC Daily @swamp420, hope you have enjoyed yourself as much as all of us did. I wish $SWAMP all the best and look forward to its development in the near future

Swamp Finance: Thank you for good wishes and looking for more collaborations in the future! Wish you a nice day all

BSCdaily – Admin: Thank you @swamp420, you too! Have an awesome day

Source : cryptodaily.io

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