We are pleased to announce our next AMA on January 8th 2021 at 11:00 AM UTC Time: Satoshi Club x MiniSwap
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join MiniSwap Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. MiniSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about MiniSwap
For more details:
MiniSwap – @MiniSwapCommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
When is ico?
When is ico?
As part of the uniqueness of your platform, you promised 100% refund of transaction fees to traders for the transaction activities using your protocol. At what rate (is it per transaction or based on a certain aggregate) are the fees refunded to traders and in what form or token? Also, if the transaction fees are refunded 100% to traders, then what is the need for billing the transaction fee in the first instance and what will be the revenue source for the project and for providing rewards to liquidity providers?
As part of the uniqueness of your platform, you promised 100% refund of transaction fees to traders for the transaction activities using your protocol. At what rate (is it per transaction or based on a certain aggregate) are the fees refunded to traders and in what form or token? Also, if the transaction fees are refunded 100% to traders, then what is the need for billing the transaction fee in the first instance and what will be the revenue source for the project and for providing rewards to liquidity providers?
I am finding it difficult to understand how liquidity mining works on Miniswap since most of the explanations you provided in whitepaper was given using mathematical linear functions and complex exponential equations which is a bit complex to understand. How are incentive rewards determined for traders, Liquidity Providers and coin holders? Also, for every transaction on Miniswap, MINI token will be mined for liquidity reward at a rate twice the fee of such transaction. If you continue at this rate, how will you be able to slow down the inflation rate of your token and ensure the total circulating supply doesn’t exceed it’s target?
Last year, Miniswap Foundation gave 500.000 Mini in rewards after the first round of the 200.000 Mini rewards to “encourage providing liquidity”. How often are you doing that kind of contributions? How profitable have been for the project so far?
Miniswap has a recent Medium article where explains the weaknesees of many cryptocurrencies about preserving the identities and privacy of the investors. For that, you have planned a solution with the CNiSVAS protocol. How does the preserving privacy mechanism you will implement with this innovation work?
– Looking for information about MiniSwap, I found that the Medium page is not available. Did some kind of hacking occur to the account or why did you decide to close and not continue the updates at Medium?
– MiniSwap provides a 100% refund of transaction fees but at the same time also 100% fee income from the platform. Where does the money for Liquidity Providers come from, if the fees charged are refunded to their users?
– To receive the 50% fee dividend from the platform that corresponds to token holders, where should I hold my tokens? Just by having them in my wallet it will already be generating profits or do I have to lock them somewhere in the platform (stake)?
What are the rewards obtained in exchange for providing LP on the OVR liquidity fund at Miniswap? What benefits have resulted from this partnership with OVR? How high will the performance be for participating LPs?
MiniSwap provides liquidity for any asset pair through a liquidity pool. My question is, does MiniSwap store the reserves of any two assets through a linear relationship? What is this relationship over which it is possible to maintain these reserves? What are the main asset pairs that generate the most liquidity within MiniSwap?
The fourth stage of the project will be aimed at the globalization of MiniSwap. How will the project enable a network of ecosystems and allow traders from different blockchain platforms to trade smoothly? I read that your initial plan is to enable a mix of solution similar to Cosmos and Atomic Swap, but what features will make your model unique?
The Miniswap website says that Liquidity providers obtain the 100% of the fees of the platform, so considering this How Miniswap obtain the funds to increase and do maintance to the platform?
Miniswap right now is under the testing of its version 3.0 called CNiSVAS, so what elements are gonna be new with this new version?
In the Miniswap Phase 4, is explained that the objective is allow Traders from others differents Blockchains to trade on It, but how many Blockchains do you planned to support?
I read on your whitepaper, that MiniSwap inicial plan is to work with a mixture of Cosmos-like solution and Atomic
Swap. Why did you choose this mixture? and wat would happen to the tokens send with this hybrid if the transaction fails or one part of the operation ended up not sending their tokens?
I saw that MiniSwap Genesis is an Ethereum-based decentralised and automated trading platform. Would you say you’d like to stay within the Ethereum Ecosystem? Or would you like to become a real Ethereum killer and create your own Ecosystem?
How long will these 30 rounds of Establishment rewards from your private placement be? And if a users wants to recieve this Establishment rewards after the private placement ends, will there be any way to get them?
staking on miniswap, what coins are supported for staking and what is the expected APY to be given, and why did you launch V2 from miniswap, are there any problems with your V1?
Currently mining, staking and farming are widely offered by blockchain projects, what are the advantages of the Miniswap project and what does Miniswap do so that investors will not lose confidence in choosing your project?
Investors seem to only care about the token price rather than the true value of the project, what will the Miniswap team do so that investors don’t lose faith in your project, and what are the advantages of holding your tokens in the short and long term, can you answer?
MiniSwap whitepaper says that most DEXes use atomic swap protocols but also notifies that some weaknesses of the atomic swap protocols were identified. So, can you provide us with some examples of these weaknesses, give some project names who use them so that we can compare, and tell the solutions you have used or created to handle them?
“Our project is sustainable, since it uses a mining process that can last 100 years.” I think that the duration of the mining process does not determine or not the sustainability of the project, and depends more on how viable it is, and on the trust / support of the community. What are you doing to gain the support of the community?
I see that they are supported by the infrastructure of the ETH network, where one of their big problems is speed and high commissions. How do you deal with these problems? What alternatives do you propose to overcome them?
How are Tokenomics? I understand that there will come a point where there will be a minimum daily mining of 18K MINI. Your token never stops mining?
What is the strong utility of the brand?
Miniswap has upgraded it’s version from Miniswap V.0 to V.1 to V.2 to V.3 to Miniswap V.4 . So with the last version, do you think your platform needs to be enhance or upgrade more? In your Version 4, what is the latest update we can see with Miniswap?
Honestly, I never used other swapping tools other than Uniswap which we know Uniswap is popular and commonly used by many traders and according to your Medium article that Uniswap followed your direction and adopted your Merkle tree based solutions. So can you explain more about the Merkle Tree Based Solution that Miniswap is using? How does it works? What are the pros and cons that Merkle Tree Based Solutions brought to your platform? As a trader and a loyal in Uniswap, can you tell me why I would turn my head and start using Miniswap? What is your strong and unbeatable advantage?
In the future Miniswap will be lauching MiniSwap Global by enabling MiniSwap DeFi to communicate across ditributed ledgers. Will this interoperability mechanism be similar to Polkadot’s? What will be the advantages of this stage over your competitors?
1. In addition to the ETH / MINI pair, what other pairs will be available to trade and obtain the MINI token?
2. When do you expect MiniSwap Global to be available? Could you develop a more detailed roadmap with estimated dates?
What are the main characteristics why MiniSwap mainly uses ETHEREUM? What is special about this cryptocurrency?
How MiniSwap enables a connected network of DeFi ecosystems? And does it actually provide a decentralized platform to exercise financial products? What are these products?
Why is Mini Swap Genesis based on ETHEREUM? And do you really take advantage of liquidity and transaction fee mining? What’s so special about ETH that other cryptocurrencies don’t?
What are the costs of MiniSwap transactions? And we really would have a full 100% refund, does this not result in any loss for the project?
Can you briefly explain how GitHub works? And is it real that GitHub gives your team everything they need to ship better software as fast as they say?
What are the main benefits that characterize the MINI token? What are the MINI token plans for the next few months?
You mention that the tokens will be extracted in two different stages, can you explain to us what each one consists of and how we can participate?
In your documentation you mention that you will be launching MiniSwap in four stages. Can you describe for us what these four stages consist of and tell us which one they are right now?
No project is PERFECT. What do you think is the biggest WEAKNESS in your project?
-A project’s TECHNICAL DEVELOPMENT may not always be reflected on the PRICE of its token. What is #Miniswap doing specifically to increase price of its token ?
Ico done
You mentioned that one of Uniswap’s weaknesses is that it lacks quality of control of tokens. What solution does MiniSwap provide to this problem? How does MiniSwap evaluate the quality of tokens? How do you guarantee that there are no scam tokens in MiniSwap? What parameters will you evaluate?
You mentioned that the main challenges MiniSwap aims to address are sustainability and interconnected ecosystems. What solutions will MiniSwap provide to these challenges and how will it address them?
I read that MiniSwap provides rewards to the trader for each of their transactions. What mechanism does MiniSwap use to prevent users from creating lots of (meaningless) transactions only to receive the rewards?
On the MiniSwap website it says that traders will receive 100% refund of transaction fees .. in which cryptocurrency will that refund be?
Does MiniSwap have their own mobile applications or dapps that connect directly to Dex digital wallets allowing them to operate from there? Or do you have to connect the wallet to your website?
In the event that we forget the 50% fee return benefits that MiniSwap has, would it be exactly the same as Uniswap? or is it more reliable and secure against scams?
Did you mention that token holders will receive a 50% fee dividend from the platform without the need to make any token movements? will this be permanent? and how often will we receive those fees?
really why implement a minimize prefix? What is “Mini” that MiniSwap has compared to other swaps? Is it much simpler or just because it has less relevant applications?
Will the rates in the exchanges made with MiniSwap be similar to those of Uniswap? Or will they be much lower? If so, why give so much value to low-value rates, instead of giving more functionality to the tokens and therefore increasing its long-term value for the holders? wouldn’t it be better?
Is it really so necessary to apply complex mathematical equations to understand in the Oracle price algorithm? Why not just use some lock or elastic system to control the value of the tokens? So it would not be more effective and simple?
If MiniSwap seeks to increase demand by burning tokens, why only burn 50% of the MINI token fee in the liquidity pool? Why not lower the% but also burn in transaction fees and liquidity providers?
was able to observe in their Road Map that they have in mind to establish four stages in MiniSwap, but really which of them are available? and also what will be the dates in which they intend to enable each of the missing?
How does MiniSwap enable DeFi to communicate between distributed ledgers and how MiniSwap Global enables seamless trading by connecting the network between different blockchain platforms?
Centralized exchanges are mostly used, but users have problems trusting these exchanges. How does MiniSwap give users confidence to enable decentralized applications and financial network? How do you provide fairness and transparency?
Considering the total number of MINI supplies as 1 billion, how are the tokens to be generated for each MiniSwap transaction processed and how are the 2f tokens distributed to merchants and liquidity providers?
There is a statement in your Pinned Post Telegram, “Please invest on miniswap, not on uniswap”.If miniswap want to attract more investor, miniswap should have specialty that uniswap dont have.So what is the specialty Miniswap that Uniswap dont have?
Hi, i have 2 question for you:
What is the greatest benefit of the user?
Why should i choose Miniswap?
Thanks!
As I know from my experience using DEX, there are 5 biggest weakness from Decentralized Exchanger like Miniswap, 1.its about Speed and effeciency 2. Scalability 3.Difficult to contact support 4.Only Crypto to Crypto 5.Sustainability. So how did Miniswap manage to solve this kind of weakness?
How can you guarantee for me that my money is safe in your platform? What progresses do your exchange take to protect user’s funds in this market from theft or from hacking ?!
After check your website, telegram, and whitepaper, I can’t found any data about tokenomics. Can you pls describe it here? And also do Mini token have burn system, how is your burn system work?
How the liquidity mining is it attractive for investors to be liquidity providers?any nfts on the platform
Handling fees used in exchanges : 50% of token purchase return token holders and 50% of token purshase destroy .
Don’t you think this process will ruin the token price ?!
Miniswap aims to give 0 fee to user who use your platform, what effort that Miniswap already do to reach this achievement? If you already success to give 0 fees, how do you get income to maintain your swab platform?
Well , the design of your website is very complicated , there is a lot of mathematical functions and unnecessary information , how do you think I will be able to get the info that I need from all of this many data?!
I Hope you will make it easier for the clients to get the summary they want .
How’s the zero fees for traders system works? Is you really refund all of the transaction fees where do you earn?
When you say traders get 100% refund of transaction fees, can we say in a situation where transaction fee is $5 worth of ethereum, that I’ll be refunded the $5 in ethereum, or is the $5 refund going to be in $MINI?
Each confirmed transaction in Miniswap gives the trader 50% commission and 50% from the liquidity provider.
All handling fees generated in Miniswap will be used to purchase the MINI. Of these, 50% will be allocated to token holders; 50% will be destroyed.
Token holders receive 50% commission dividends from the platform as a reward.
I see 50% everywhere! Why did you decide to tie all significant processes on your platform exactly to 50%?
On your site, following the link to the Medium, I got a 404 error – the page does not exist. How do you get into your existing Medium account? I would like to see more information about you than presented on the site.
You recently started a partnership with 1inch.exchange. Please tell me, MINI can be exchanged for any coin presented on 1inch.exchange, and can any coin be exchanged for MINI?
How much commission will be charged?
Every transaction in Miniswap is confirmed, there will be a MINI twice the transaction fee is mined. With this protocol if a billion worth of transaction is confirmed, that means 2 billion MINI would be mined, with that much $MINI in circulation aren’t you worried it would make $MINI value too low? Or does the token have a burn mechanism built in?
How’s the zero fees for traders system works? Do you really refund all of the transaction fees? Is yes, from where do you earn money?
Hey Miniswap team! How are the progress reports for investors and customers coming? Did you successfully transition to an automated system or are you guys still on the Bootstrap phase?
Is your model to provide trans-free-mining working as intended, have you made any adjustments and if so, how does it affect the traders and miners that are interested in the Miniswap hybrid model that haven’t made the decision to join?