AMA with Kepler Swap
On the 8th of September, 2021 at 12:00 UTC, Decentralized Club had the honor of hosting Hollie Sullivan, Global Community Director from KeplerSwap for an Ask-Me-Anything session on their Telegram page with a community of over 30,000 people. It was hosted by DC Admin, May.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what KeplerSwap is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 - Introduction
Hello, 大家好, नमस्ते, Selamat!
My name is May and I'll be hosting the AMA with KeplerSwap.
Today, we have with us a guest from the KeplerSwap Team.
You're welcome and it's an honor to have you here.
Thank you @MsMayMay for having me here today, It's an honor for me to answer the community questions about KeplerSwap
The pleasure is mine as well.
Could you quickly tell us more about yourself and your job description at KeplerSwap?
Hello everyone I'm Hollie, KeplerSwap's Global Community Director, and today I'm joining the Decentralized Club team, to answer the community questions, and introduce the KeplerSwap project.
Glad to have you!
Let's now take some project introductory questions.
Q1. Can you tell us the goals that birthed the idea of KeplerSwap?
KeplerSwap as the explorer of Defi 2.0, is the Decentralized Smart Contract based on Binance Smart Chain (BSC) and is working on realizing multi-chain and cross-chain aggregation. Meanwhile, KeplerSwap is the first Decentralized Exchange under the DeFi2.0 structure. Besides having full access to DeFi 1.0 services, KeplerSwap also provides other services such as Referral Program, SPACE, Lucky Pool, etc., which solves many issues that Defi 1.0 has left behind.
The connections among users of DeFi1.0 are too light, that they are not willing to participate more. Although there are many liquidity assets of DeFi, very little of this revenue is actually distributed to users, therefore we are looking for that DeFi 2.0, represented by Keplerswap, will make a difference.
Q2. How does KeplerSwap plan to build the next generation of the financial ecosystem?
KeplerSwap is aiming to build a connection bridge among all users. and it's also aiming to maintain the activeness among users through the SPACE function and referral program. We want to gather all the blockchain contributors and make KeplerSwap the sparkle of DeFi.
Q3. Can you tell us about the SPACE and LUCKY POOL feature on KeplerSwap?
For the SPACE function, Users can create their own SPACE, and SPACE creators will receive additional rewards in real-time; the more SPACE members and the more total participation in liquidity market making, the greater the rewards will be.
Every 30 days, a poll will be conducted and the creators of the SPACEs that receive the top 20 votes will share equally the prizes within the SPACE POOL that have been accumulated for 30 days.
All eco-participants either become SPACE creators or join a SPACE and after joining a SPACE, they are free to choose whether or not to vote for that SPACE.
For the LUCKY POOL function, you can think about it as a prize pool; and those who can participate in the prize draw are the top 30% of all users in the liquidity market ranking. As long as you become the top 30%, you have a chance to get 50% of the total prize pool, and the remaining 50% is divided equally among 10 people.
These are impressive features! Well-done KeplerSwap!
Q4. Could you briefly talk about the $SDS token and its utilities?
SDS is the native token issued by KeplerSwap. SDS is also key to achieving decentralization and autonomy in KeplerSwap. KeplerSwap has planned to issue a total token supply of 210,000,000 SDS. 80% SDS are generated from mining; 10% SDS are reserved for marketing and business cooperation; 10% for presale(6% for private sale, 4% for public sale).
Tokenomics looks great!
Does SDS stand for anything? 🙂
Yes Seed Token and the token ticker is SDS
$SDS Use Cases:
1️⃣ It is used in platform governance
2️⃣ Full ecological exchange
3️⃣ Liquidity mining
4️⃣ Lucky pool lottery
5️⃣ Space creation and voting
6️⃣ Aggregate mining
9️⃣ Coin pledging and more
Good to know!
Q5. What major news should we still look forward to from KeplerSwap this year?
For the major news, as described in our roadmap, we will complete the official launch of KeplerSwap in Q3, that is this month, and open a portal to all types of tokens in Q3-Q4 2021. In 2022, we will launch multi-chain products and platform tokens in Q1-Q2 to realize cross-chain aggregation trading, and in Q3, 2022 we will start the development of KeplerSwap public chain
In 2023 we will achieve the Decentralized Autonomy Organization (DAO). iN 2024, we will enable the financial conversion of physical assets and digital assets.
That's our future project plan.
It's now time to take five questions from our Twitter community.
Yes I'm more than ready
Segment 2 - Twitter Questions
Q1. KeplerSwap's product "Lucky Pool" invites users to provide liquidity in exchange for incentives and rewards. What is the minimum required liquidity one should provide to be eligible for the Lucky Pool? Also, will you give the rewards right away after adding to liquidity?
Twitter Username: @0JeanWayne
@0JeanWayne thank you for your question
There is no fixed requirement for the amount of liquidity. It is only required that the quality of the access to LUCKY POOL stands at the top 30% of the full list of liquidity offered or at the top 30% of the amount of recommended liquidity participants.
Inevitably, awards will be presented if mobility is boosted, and all rewards are mentioned in the smart contract.
Q2. Smart contracts are susceptible to failure, and many projects fall victim to this, costing users money and project discrediting. How reliable and secure is your smart contract? Have you tested it through any recognized parties?
Twitter Username: @e_damorela
@e_damorela Thank you for your question.
I agree with you, that's why we have decided to let Certik, a top-notch audit company, audit the KeplerSwap smart contract, and the results will be soon disclosed. Code security serves as the foundation of the success of the project. We extremely focus on it.
I co-agree! All the best with the audit results!
Q3. What are KeplerSwap's plans for the nearest year in terms of marketing and business development? How do you plan to expand the network, community, partnerships, etc? What’s your vector?
Twitter Username: @Sadikb3
@Sadikb3 Thank you for your question.
As described in the roadmap, we will complete the official launch of KeplerSwap in Q3, that is this month, and open a portal to all types of tokens in Q3-Q4, 2021. In 2022, we will launch multi-chain products and platform tokens in Q1-Q2 to realize cross-chain aggregation trading; and in Q3, 2022, we will start the development of KeplerSwap public chain. for the community part, we have started recruiting ambassadors all over the globe, that will help expand the KeplerSwap community, and we also started recruiting community managers to serve our ambassadors and communities all over the world
Q4. I am interested in learning about your Space program and also your Horizontal and Vertical Systems. What are the functions of these three products and how can we use them on Keplerswap?
Twitter Username: @TadesCorner
Thank you for your question @TadesCorner
For the space program, the Horizontal ecosystem is the recommended ecosystem. KeplerSwap will consistently deliver rewards for people who are willing to recommend the project to other users. The vertical ecosystem can be understood as SPACE, which is an important method to materialize the user celebrity. LUCKY is the combination of horizontal ecosystem and vertical ecosystem. These functions are included in KeplerSwap. You will be surprised to see the tremendous energy of the set of economic models in the future.
Can't wait to witness it!
Last Twitter question before we open up the group for our live audience.
Q5. 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??
Twitter Username: @honeysurprises
@honeysurprises Thank you for your question.
KeplerSwap has completely different genes and advantages in the crypto field, and we believe these advantages can bring infinite space of reverie to decentralized finance.
1-Unlike the single, rudimentary trading model created by DeFi 1.0, KeplerSwap will open up more innovative models. Besides having full access to DeFi 1.0 services, KeplerSwap also provides other services such as referral programs, SPACE, Lucky Pool, etc., which solves many issues that Defi 1.0 has left behind.
2-The trading form of DeFi1.0 is traditional, there are no connections among all users. While KeplerSwap breaks the social barriers among users by referral program and SPACE function.
3-The financial ecosystem created by KeplerSwap is active. The transaction fees will be returned to members, and users will get their deserved profit as they contribute to the ecosystem.
4-KeplerSwap is an extremely innovative and inclusive platform. KeplerSwap will provide decentralized financial services only, we expect and support users to create more decentralized financial innovations.
5- KeplerSwap is a platform that aims to realize decentralized Autonomy. KeplerSwap is completely open to everyone. The team will delegate the governance right and decision-making power to community members, through the voting function, we can prevent any forms of cheating. In that way, we can create a true Decentralized Autonomous Organization (DAO).
Overall, the DeFi 2.0 shaped by KeplerSwap is warm and enables users to link with each other, while continuously activating the ecology through a series of innovative features to achieve continuous fission and growth of the user base, bringing together all blockchain participants and realizing KeplerSwap as a spark-like existence in the DeFi space.
These answers are great! 👏🏼
A minute for our community to catch up.
It's now time to take questions from our live audience.
In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
Group unmuted in...
---Chat was then opened for the live community to send in their questions---
Segment 3 - Live Questions
Could you explain some of the differences between DeFi 1.0 and the DeFi 2.0 ecosystem created by KeplerSwap?
What are the benefits or advantages?
Thank you for your question, Decentralized financial DeFi2.0 is the necessary stage to get out of the barbaric era of DeFi1.0. Through the links between people, it will gradually eliminate the cold, single mining incentives and continue to provide a more forward-looking driving force, and it will be a new world of financial ecology in the future.
DeFi 2.0 ensures a strong connection among users, compared to DeFi where there is no connection.
DeFi 2.0 has a more attractive reward scheme.
Governance and policy-making rights are 100% delegated to users in DeFi 2.0
There exist any special requirements to participate in the lucky pool? Does everyone have the same opportunity to win?
The requirements for LUCKYPOOL are as follows:
1-Weekly Top 30% Referrals / Weekly Top 30% Liquidity Provider
2- Reward Allotment: Only 1 achiever gets 50% from the Pool, and the rest 50% is allotted to 10 achievers equally.KeplerSwap will reserve SDS and BUSD as reward tokens for LUCKYPOOL. It may encourage users to provide more liquidity. Entry requirements for LUCKYPOOL are as follows: Logic of lucky draw: Smart contract is used to select eleven (11) users randomly who satisfy the entry requirements. 50% of tokens from LUCKYPOOL is are allotted to one user, and the remaining 50% share of the draw is equally allotted to ten users. The rule for selecting a person to receive 50% of the reward is: we will get a random number from the ChainLink chain.
Besides your official telegram group (https://t.me/KeplerSwap), what other sites can we join for the fastest and most accurate project updates?
You can follow our Twitter account where we constantly share the latest updates about the project, and also our Medium account
What technical issues does the Kepler Swap solve that DeFi 1.0 doesn't solve??
Compared to DeFi 1.0, the DeFi 2.0 ecosystem created by KeplerSwap has several distinct advantages:
1-KeplerSwap is dedicated to breaking the old trading model of DeFi 1.0 by creating a strong vertical link between users and a strong horizontal link between all members in the ecosystem, making
2-KeplerSwap is the standard dynamic trading platform.
3-KeplerSwap offers a weekly Lucky Pool to incentivize outstanding liquidity pool providers. It helps to maintain an interest in user liquidity contribution.
4-KeplerSwap offers to reward outstanding SPACE SPACE Contribution Award Owners. ASPACE owner is defined as a market maker that creates an amount of liquidity to the system. Members are polled for outstanding SPACE owners. The prize is accumulated from a 30-days liquidity contribution pool. At the adoption stage, KeplerSwap will grant full governance and decision-making rights to the community members. Making poll function universally available to the members is the first step towards decentralized governance.
5-The founding team will delegate the governance right and decision-making power to community members as soon as possible. When all decisions are jointly made by members, a decentralized governance model is formed. Motivated members will have the interest to participate in community activities to achieve a better outcome in the development of the platform. All members are stakeholders of the community.
6-KeplerSwap provides a sophisticated and open cross-chain platform for DeFi services only. By realizing this technology innovation, technologists and influencers can tap into this blossoming greenfield project for countless innovative DeFi project ideas.DeFi 2.0 will be a major improvement from DeFi 1.0. By encouraging user engagement, it will shift the focus from just reaping mining rewards to building a sustainable platform for long-term liquidity contribution. This is the future of DeFi 2.0.
1️⃣ more question 🎉
I realized that you took the name inspiration from a real planet, where maybe life exists, so can you tell us the story about what made you take this name?
Kepler planet is foreseen to be the next most habitable planet in the universe. so the Digital currency is projected to be the highest liquidity medium of exchange. Decentralized Finance will be the most effective framework for digital finance. KeplerSwap is the most efficient platform for DeFi. that's the reason we have chosen KeplerSwap planet as DeFi 2.0 will be the most used form of Finance
Aaaannnndddd it's a wrap 🎉
I wish I can answer all your questions. If you have any other questions please reach out to our team on our official telegram channel, they will answer all your questions and inquiries.
Thank you so much for your time, and your interest in learning about KeplerSwap
Please share your social media links with our community
Thank you for your time with us, Ms. Hollie.
We're glad we had this interview!
Please send our warm regards to the rest of the KeplerSwap Team! They're all doing an amazing job!
The AMA with KeplerSwap is now over.
Thank you for your great organization, and thank you all for taking your time to learn about KeplerSwap, until next time
[BILLY - DC Marketing Head]
Good job @MsMayMay and thanks for your time @keplerhollie
Thank you all 😊
The AMA with KeplerSwap is now over.