AMA with Coinwind
Introduction with Coinwind
Riswan Rasheed:
Q1. What is Coinwind about and with what goals in mind has it been developed?
Scott Lee:
cool
CoinWind is a DeFi intelligent financial platform that automatically matches the staked tokens through contracts, and cooperates with the strategy of hedging impermanent losses to maximize users’ benefits, effectively solving the problems of low single token mining income and LP impermanent loss.
CoinWind aims to build a DeFi digital asset bank, launch a product that combines high-yield and safety and reliability, pooling different tokens deposited by users into different pools, and then mobilizing funds from a certain token pool to participate in different liquidity according to different strategies. Which ultimately achieves higher returns for users. CoinWind products will effectively reduce the impermanent loss in liquidity mining through a combination strategy.
CoinWind was first launched on HECO on February 22nd, 2021, and the highest total locked-up volume (TVL) exceeded $3.3 billion on May 12th, 2021.
Up to now, CoinWind has been running on three networks: HECO, Binance Smart Chain (BSC), and Ethereum (ETH). In the future, CoinWind will run across multiple main chains such as OKEXchain, Polygon, Solona, etc.
Riswan Rasheed:
Let me read this 😀
Q2. How does CoinWind plan to reduce loss in liquidity mining and also how will it increase profits for its users?
Scott Lee:
nice question
CoinWind avoids impermanence losses from LP minings
and this we do to realize that
The CoinWind team has been focusing on the direction of blockchain DeFi and contract development. After the Heco main chain became popular, we quickly studied the current ecological value and determined the direction of empowerment. The CoinWind team completed the development, audit, and launch of the contract in more than one month. For other projects on the market, many projects are only positioned as machine gun pools, just using users’ token to mine which is not responsible for the impermanence of users. We are positioned as a DeFi financial management platform, not just a tool aggregator.
When users come to CoinWind, they only need to invest in a single token. The smart contract will automatically match the high-yield liquid mining capital pool and help users automatically hedge the impermanence of liquid mining through a combination of mining strategies.
In addition, CoinWind's own funds will maximize the reduction of the impermanence of LP pools through liquidity hedging, so as to ensure the highest profit for users.
CoinWind currently has many advantages such as maximum revenue, single token mining, avoidance of impermanent losses, selected mining projects, simple operation, and high security. CoinWind will switch funds to higher-yield DeFi projects for liquidity mining, providing our investors with higher mining returns.
Riswan Rasheed:
Okkk
Q3) What are the most important features of CoinWind platform?
Scott Lee:
re-investment feature
First of all, let’s talk about why we need to reinvest. The income generated by current user mining is in the LP pool without any use, which causes the funds to be idle and does not maximize their value; on the other hand, the mining income is lower than in the past. In order to increase user revenue, we have added a re-investment function.
So how does the contract realize the reinvestment? Every 5-10 minutes, the contract will invest the income generated by mining into high-yield projects, and the new income generated will be reinvested again, which can improve the efficient use of income funds and reduce the manual reinvestment of users. Costs in terms of capital (miner fees) and time.
After the reinvestment, the project yield will increase by more than 40% on the current basis.
In addition, the most critical point is to mbinanake a supplementary explanation: as time goes by, the return on reinvestment will get higher and higher.
At the same time, I also suggest that you do not frequently withdraw the proceeds from CoinWind in the future.
Riswan Rasheed:
Great 👏
Q4. How does someone acquire $COW and what makes sure the token value is appreciated over time so that the holders are benefitted?
Scott Lee:
great question
COW is the platform token of CoinWind, with a total supply of 100,000,000 pieces.
CoinWind conducted the initial public offering of COW on three platforms: MDEX, WeStarter, and Helmet on May 25th, 2021, with an issue price of $0.5 and a total of 3,240,000 pieces of COW.
COW Economic Model
65%: Will reward through platform mining, halved every year
15%: As Team Reward, used for technology research and development and marketing operations, will be unlocked 6 months after project launched and will be unlocked monthly for 12 months by smart contracts
10%: As Early Investor's quota, it will provide CoinWind with more sufficient and powerful funds and resources, which will be unlocked 6 months after project launched and will be unlocked monthly for 24 months by smart contracts
5%: Foundation Share, mainly used for liquidity hedging and market making funds
3%: Used for the MDEX.COM platform to conduct IMO, as a token for the first time to open a new quota to give back to users and the community
2%: As a market operation quota, it is mainly used for event operation, marketing and brand building
Holding COW has many benifics
Holding COW can enjoy platform income dividends and jointly govern the platform ecosystem.
Rules: The platformC will add daily income, appearance fees and other funds into the dividend pool in a certain proportion, and users can obtain platform dividend income by staking single token and LP.
Currently, the pools that support lock-up dividends are:
BSC Chain: COW single token pool, COW-USDT LP pool
HECO Chain: COW single token pool, COW-USDT LP pool
Currently pools are not locked, and users can withdraw at any time. If the withdrawal rules are not met, CoinWind will charge a certain amount of principal as an appearance fee. The appearance fee will be invested in the dividend pool and the repurchase pool according to a certain proportion.
COW Usage Scenarios
-Single token mining on CoinWind to get COW
You can obtain DEX platform token rewards by providing LP liquidity in DEX such as MDEX
-Airdrops of other tokens can be obtained by holding COW
-Can be used for CoinWind DAO governance, holding COW tokens can get -CoinWind platform income dividends
-Holding COW token will be eligible to enter the high-yield zone
-CoinWind will design the NFT platform, and COW will serve as the value hub of NFT
here is the website
Riswan Rasheed:
Community take your time to check this 📝
Q5. Can you tell us about some of the ongoing major developments that will come to fruition before the year ends?
Last Question in this segment
Scott Lee:
Minings. haha
we constantly support high APY minings
we support BSC, HECO and ETH networks
Community ask questions from Twitter
Riswan Rasheed:
Q1) Coinwind refers to itself as Defi Ecological Smart Mining Financial Platform, Can you tell us what is Mining of Coinwind? What is the characteristic of your platform makes it feasible that no matter being a cryptocurrency mining platform, And does your platform are eco-friendly?
https://twitter.com/imwiiw27/status/1430690434792099846
Scott Lee:
i think i have asnwer the first few parts in the early answers
let's share what are coinwind characterists
CoinWind Technical Features
-Innovative income calculation model, real-time user income settlement, dynamic update of the rate of return, automatic compound interest, etc.;
-The strategy mode is connected to the mining platform, with strong scalability and adaptability;
-Excellent contract compatibility, the same architecture supports multiple mining modes (single token mining, dual token mining, LP mining, multi-chain mining);
-The code is stable, advanced, and highly secure, and has been audited by multiple audit platforms;
-Intelligently optimize the allocation of mining funds and mining strategy to automatically maximize the mining revenue;
-Combine multi-platform DEX real-time token prices and automatically select the best price settlement rate of return.
CoinWind Advantages/Features
Maximize Revenue:
CoinWind aggregates blockchain network protocols, formulates optimal strategy combinations based on multi-dimensional algorithms, and automatically switches funds to higher-yield DeFi projects for liquidity mining;
Single Token Mining:
CoinWind’ users only need to invest in a single token, and the smart contract will automatically match the high-yield liquidity mining fund pool;
No Loss of Principal & Deposit and Withdrawal at Anytime:
CoinWind helps users automatically hedge against the impermanent losses in liquidity mining through a combined mining strategy; the principal is non-destructive, deposit and withdrawal at any time, deposit a single token to enjoy the benefits of LP mining high return;
Save Time and Money:
After users deposit a single token into CoinWind, they can obtain benefits without other operations. In addition, the income funds are automatically reinvested to obtain high profits while greatly reducing the user’' miner fees, time, and other costs;
Simple Operation:
Product design and operation are convenient, CoinWind users can participate in DeFi aggregation mining with one click;
Featured Projects:
CoinWind will conduct professional research on numerous liquid mining projects in the market, and choose safe, reliable, and high-yield projects only, so that users can enjoy the benefits of mining for the first time;
Secure and Reliable:
The CoinWind smart contract has undergone multiple audits to ensure all assets security on CoinWind platform;
Multi-chain Deployment:
Right now, CoinWind has launched on three mainchains: HECO, BSC, and ETH. Assets can be deposited into CoinWind without cross-chaining to obtain more revenue scenarios.
Riswan Rasheed:
Q2):Investors are #afraid to invest a new #project because of so many rug pull and exit #scam. How can you sure that there will be no chance of scam in #windcoin and I will be profitable?
https://twitter.com/JustinTimber431/status/1430095206469226497
Scott Lee:
it is an indeed issue which most of user worry about
CoinWind won HECO WE MAKE FUTURE gold metail rewards!
i think it can be considered as a certification by HECO
second
Scott Lee:
the TVL is more than 713 Million
we are managing huge amount of assets
with those trust, we are a solid project
Scott Lee:
https://twitter.com/coinwind_com/status/1428989705069023232
we also Join MVB III and we hopefully win the MVB III reward
Riswan Rasheed:
Q3) CoinWind provides several farming pairs in which users may participate and begin earning, but could you explain the competitive advantages of the farms on your platform will be, how profitable their APY will be, and how the rate of return of each coin in the pool can be improved?
https://twitter.com/Greyhair_08/status/1430665997145583623
Scott Lee:
i have shared the reinvestment feature
also how does CoinWind avoid impermanence losses
in addition to those
we want to share in a more comprehensive way
First of all, CoinWind mainly solves the following four major problems:
1. Lower the threshold for investors to participate in DeFi mining;
2. Solved the problem of low profit rate of single token participating in mining in DeFi mining;
3. More professional project selections and mining strategies to maximize the rate of return;
4. Screening audited, well-known, popular, and relatively reliable projects to ensure the safety of funds.
Regarding how to achieve high mining returns, you can refer to the yield farming logic, but our biggest difference is in the underlying strategy of the protocol. The core competition is how to maintain a high liquidity mining yield to attract users to provide liquidity pools.
At this stage, COW is the main mining bases. Users only need to invest a single tokne, and the smart contract will automatically match the high-yield liquid mining capital pool for mining. In addition, CoinWind helps users to hedge automatically through a combined mining strategy. The impermanence loss in liquidity mining maximizes revenue while minimizing impermanence loss.
Riswan Rasheed:
Thanks for the wonderfully detailed answers.
Community ask questions from Website
Riswan Rasheed:
Q1) In what ways do you think your project differs from what competitors offer and how can traditional and digital financial institutions benefit from the advantages you offer??
Telegram Username: @thedamorela
Scott Lee:
In what ways do you think your project differs from what competitors offer
We found that DeFi mining market has the following three main pain points:
Single token mining/loan income is low
Generally, DeFi projects will temporarily open a single token mining, but the income is very low, usually the APY is between 1% and 10%, which is similar to traditional investment. Some lending platforms can increase the interest rate of single-token lending, but the return is at most about 3%-15%. At the same time, once the loan is out of liquidity, it is difficult to withdraw it in time.
Impermanent losses in liquidity mining:
Liquidity mining currently has high returns, but because of price differences between different fund pools, some liquidity arbitrageurs will "move the price" until the price of the trading pair is restored to the initial ratio, and make profit while doing it. The profit they earned should have be earned by all liquidity providers which is hurting investor incomes
User operation threshold is high:
Users need to perform asset conversion, select fund pool to stake, purchase and redeem, etc., which have certain thresholds, and some users lose assets, buy fake coins, transfer to the wrong address, etc. during complex operations.
these are how CoinWind differs to other project
how can traditional and digital financial institutions benefit from the advantages you offer
we have a dedicate traditional finance team to analysis the digital finance
hahah
we uses traditional finance skills and take the advantage of digital finance/DEFI
to max the advantages of both traditional finance and digital finance/DEFI
🌐 Website: https://www.coinwind.com/
🐦Twitter: https://twitter.com/coinwind_com
🔥 Telegram: @CoinWind
🔥 Announcements: @CoinwindNews
📚 Medium: https://medium.com/coinwind
please remember for follow CoinWind
Riswan Rasheed:
Sure. Community Don't Forget to Join.
Q2) Do you have any coin burn/buyback systems or any token burn plans to increase token value and attract investors to invest?
Telegram Username: @thedamorela
Scott Lee:
yes
Repurchase and Destruction
CoinWind will repurchase and destroy the platform Token COW to reduce the total supply of COW.
Rule:
-When the real-time COW token price (take the lowest COW price under multiple chains) is lower than the 72-hour average COW price (multiple chains), the smart contract will be triggered for repurchase and destruction. If the trigger conditions are not met, the funds enter the pool of funds to be repurchased.
-If the user's appearance fee is COW, the COW will be directly destroyed; if the user's appearance fee is not COW, this part of the appearance fee will enter the pool of funds to be repurchased. CoinWind will publicize the destruction record of each repurchase.
-In the future, CoinWind will open the voting governance function to all COW holders through DAO
Riswan Rasheed:
Q3) What is the most ambitious, goal of your project? What is the ultimate vision that Your project, is trying to achieve, within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Telegram Username: Aziz alfaredo
Scott Lee:
haha
we have 3 main targets , 1 version, and 1 goal
Become the No. 1 of the Revenue Aggregation Field:
Continuously optimizing the underlying LP matching strategy and liquidity hedging strategy to improve the overall profitability of the platform and users; deploy on more mainchains, support more underlying protocols, and increase the overall platform capital volume. To attract more users and more assets to CoinWind. Our goal is: by the end of 2022, we will become the No. 1 in the revenue aggregation field.
Create a Defi Comprehensive Platform Ecosystem:
Create a comprehensive platform that integrates the DeFi ecosystem with revenue aggregation, loan, NFT, cross-chain, derivatives, and other businesses, and continues to provide users with high-yield scenarios. Through CoinWind, users can easily get through all DeFi infrastructure in one stop.
Introducing Real-world Assets Into the Defi World:
Using NFT as the asset medium, the physical assets in the traditional world are converted into on-chain NFT (non-homogeneous tokens) on the chain, and converted mainstream assets into DeFi through loans, thus realizing the connection between real-world assets and the DeFi world. We believe that in the next ten years, the integration percentage of traditional finance and DeFi will become higher and higher, which will bring exponential user and asset growth to the DeFi world.
CoinWind Vision
CoinWind will continue to build a comprehensive platform that integrates the DeFi ecosystem with revenue aggregation, lending, NFT, IDO, and other businesses, and will continue to provide users with more high-yield scenarios.
Coinwind’s Goal Is to Build a World-renowned DeFi Ecological Digital Asset Bank
Live Questions answered by coinwind
1)Thy:
i wanted to follow your project for the long term. Where i can get all the latest news about your project? Do you have twitter/telegram/discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
Scott Lee:
here you go
🌐 Website: https://www.coinwind.com/
🐦Twitter: https://twitter.com/coinwind_com
🔥 Telegram: @CoinWind
🔥 Announcements: @CoinwindNews
📚 Medium: https://medium.com/coinwind
2)tài Bảo:
token burn is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?
Scott Lee:
Yes
Repurchase and Destruction
CoinWind will repurchase and destroy the platform Token COW to reduce the total supply of COW.
Rule:
-When the real-time COW token price (take the lowest COW price under multiple chains) is lower than the 72-hour average COW price (multiple chains), the smart contract will be triggered for repurchase and destruction. If the trigger conditions are not met, the funds enter the pool of funds to be repurchased.
-If the user's appearance fee is COW, the COW will be directly destroyed; if the user's appearance fee is not COW, this part of the appearance fee will enter the pool of funds to be repurchased. CoinWind will publicize the destruction record of each repurchase.
-In the future, CoinWind will open the voting governance function to all COW holders through DAO
2021 Q1
-HECO single token mining (√)
-Support BSC chain (√)
-Income reinvestment strategy (√)
2021 Q2
-Launch COW strategy (√)
-Support one token double mining (√)
-Platform UI 2.0 upgrade (√)
2021 Q3
-Support Ethereum network (√)
-Launch DAO (√)
-Optimize miner fees (√)
-COW token contract management (√)
-Single token high-yield area (A/B, In progress)
A: Single token project
B: Hold/stake COW, invest in single token high-yield projects
-Multi-language support (In progress)
-Launch on OEC (To be started)
-ETH mainchain supports DAO (To be started)
2021 Q4
-Voting and governance (holding a certain proportion of COW/COW LP, you can initiate proposals, vote, participate in platform governance, and add new pools, adjust pool output, platform revenue sharing ratio, etc.)
-Open source project contract code
-NFT development (IP cooperation, building NFT trading platform, COW application scenarios on NFT platform)
3)heak Janfe:
what's the usecase of this project and why people would need this?
Scott Lee:
CoinWind is a DeFi intelligent financial platform that automatically matches the staked tokens through contracts, and cooperates with the strategy of hedging impermanent losses to maximize users’ benefits, effectively solving the problems of low single token mining income and LP impermanent loss.
People can join and enjoy the high APY