We are pleased to announce our next AMA on March 6th, 2021 at 03:00 PM UTC Time: Satoshi Club x SaltSwap
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SaltSwap Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. SaltSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SaltSwap
For more details:
SaltSwap – @SaltSwap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How does SaltSwap compare to Uniswap?
What makes SaltSwap better than the other swaps on the web?
What are the unique tokenomics of SALT?
How will your project benefit people?
1- There are already lots of exchanges why you create this, whats is main purpose and difference then other
2- Is saltswap is easy to use then other exchanges
3- why this project is life changing
How can SaltSwap sustain its token value in the crypto market without Dipping uncontrollably?
Where is the current focus area of the SaltSwap?
SaltSwap is a decentralized application (dapp) that interacts directly with smart contracts. Therefore, if there is a bug in the code, there may also be security issues, as it offers security to its users ? while also focusing on maintaining sufficient funds to ensure its liquidity?
explain why we should try to do exchange on SaltSwap ?
What makes this exchange is better than the other ones ?
Is there any alternative on this exchange if some token got price impact too high ?
Generally, the projects carry out a pre-sale or some similar activity to generate a movement in the market, but Saltswap will not pre-mine What is Saltswap’s true strategy if it will not pre-mine and when will the starting block of rewards for the community?
Saltswap said that he needs development funds for his own server expenses and incentives, do you think a farm will be enough to receive the necessary funds or do you have some other activity in mind? What are the additional incentives that Saltswap offers to get the funds for the server?
I was reading on Medium about Saltswap and it says “Farmers get 1 SALT reward per block but developers get 0.1 SALT reward per block” Why is the difference in reward per block so wide and what is the type of SALT chain?
My curiosity hits me the first time I read about your project .. especially on the project name of yours.. really interesting .. why would you choose to name your project “SALTSWAP”? Maybe you are thinking about other projects like “bakerySwap ,, SushiSwap, BurgerSwap and etc..did you think that your project will be the one who spice them up,, or did you see them as your biggest competitor?
The market and the community are the things that make up a blockchain project as well as every part of it .., if this project is not supported by the community and the fast growing market, it is hard to survive. What plans do you have in mind to get a large and strong community and become a leading project in the market? Is there any special program or special event to boost your awareness of the project?
In Decentralized Exchanges, one of the biggest issues and problems is the lack of Liquidity compared to centralized exchanges. How can SaltSwap with its technology solve this problem? What are your possible ways to address these shortcomings and create acknowledgement for DEXes that is different from Centralized Exchange?
in a Saltswap article it says “We will add a time lock contract as owner of MasterChief”, How is that “Owner of Masterchef”? Is there any structure or position within Saltswap that goes by this name?
The Saltswap team was carrying out tests and corrections to implement their code in Binance Smart Chain (BSC). What happened to the operation of that code and what solutions did the Saltswap team develop to solve these problems?
The Saltswap DappRadar saw that 4.06% interest can be earned on my stablecoins, and they were listed: DAI, USDC, USDT and sUSD, what about those users who use other stablecoins like BUSD or OUSD? Will more stablecoins be supported in the future within this tool?
Any plan to list SALT on Binance?
what are saltswap plan to do to increase user on platform and stable SALT price?
please tell us about your background
Please tell us about Saltswap
What makes SaltSwap special?
Some new projects are taking advantage of the increasing popularity and low fee of BSC to launch projects on this chain with a negative intention. Just this week, Meerkat finance rugged away with $31 Million of investors fund in its vault. Reading your first question in your FAQ which says: “How do I know you will not rug me”? I wasn’t really satisfied with the response (which was a link to your smart contract and a screenshot of Masterchef Migrator code) that you gave there. So if I may ask again, how do I know you will not rug me? How will you assure me that the $SALT you are bringing will not loose its sweetness and turns bitter in my mouth?
Although you are a fork of Goose Finance, you will be using PancakeSwap awesomeness to drive your liquidity pools which you called oceans. How will this work because I read that you issue out FLIP token to users when they add assets to liquidity Pool which will be used to determine the rewards of LP providers. Since the 0.17 % of trading fee which enters the liquidity pool will be shared by the LP providers in that pool, how do you determine the amount of FLIP token received by an individual and how is the final calculation of reward benefit to wallet addresses determined? Will the FLIP token have other uses apart from using it to determine reward?
$SALT is described as a perpetual deflation token. However, the daily emission based on the current block per day is 31,680 $SALT/day and you are only planning to use 3% of your collected fee to periodically purchase SALT on the market and burn them. Based on this present emission rate, how frequently do you intend to carry out this burn exercise in order to be able to maintain the perpetual deflation status of $SALT? What other deflationary mechanism are you incorporating into the tokenomics features of $SALT which will help to reduce its supply and directly enhancing its value?
Saltswap has a good business model but there is a point that people always worry about when investing in the development of a swap. What solutions does Saltswap offer to keep institutional guarantees protected against the risk of breaching a contract? How will you audit these processes?
Saltswap has the risk that some of the actors in a negotiation do not have the expected credit quality. What happens on these types of occasions within Saltswap and what measures does the platform take to reduce this risk to the maximum?
Achieving unanimity between the parties to modify or cancel an agreement in Saltswap must be a big problem. How does Saltswap mediate between both parties and achieve an end good enough for everyone? What actions does the support take in these cases?
1) when will the lottery system be active?
2) do you consider yourselves innovators or developers?
3) is salt here to stay long-term?
What would they tell new users that they have the opportunity to invest and generate token, but having so many similar options they do not know which one to choose
On their wed page they talk about being a team that will dedicate their time to taking the project to the next level. How would you protect your community’s investment if the project had a flaw in the current plan? Or if some important member of the project decided to abandon it?
There is a promotion on twitter where you are raffling $ 1200 in $ SALT tokens, of course, I am participating myself! If I happen to be a lucky winner of this giveaway, how can I take the most advantage of these tokens? Are there any benefits for early adopters?
In your docs it’s described that what makes you different from other farm projects is that you are a team of developers willing to take this project to the next level, but how? What consists of this next level and what is the story behind this team and their experience on DeFi?
Contributing to BSC DeFi’s agricultural production movement can be very beneficial for Saltswap, but what tools does Saltswap have to take this movement to the next level and what challenge will Saltswap take on once the yield farms are settled?
Saltswap needs a financial tool to boost its own liquidity and swap groups. Who is the financial platform that fulfills this role within Saltswap and how does this platform boost your liquidity groups?
Currently, BSC does not have the same level of adoption as Ethereum, however Saltswap preferred to choose BSC Why did your platform prefer BSC over Ethereum if Ethereum always receives greater acceptance and how can this benefit Saltswap in the future?
You mention that it is possible to earn free SALT tokens through the SALT incentives programs. Can you explain what do the incentives programs consist of? Can anyone participate on them?
The Oceans feature of SaltSwap allows users to stake SALT and earn new tokens. What are the requirements to list a token pool on SaltSwap? Have you received requests for listing new tokens?
On the SaltSwap website we can see the Salty Stats and it says that the total SALT burned is 0. Can you explain how works your burn system and when do you plan to start burning tokens? How many tokens will be burned?
Salt has a program to incentive the creation of local communities in countries where English is not spoken. How many local communities have been created through this incentive program? In which countries are there SALT ambassadors?
I have recently seen many projects that, like SaltSwap, have a partnership with Certik. Can you explain a bit about this partnership and how it has helped in the development of SaltSwap?
SaltSwap has a token buy back or burning mechanism? How often will those token burnings happen and how many tokens will be burned?
Your roadmap mentions the launch on your NFT token for Q2 2021. Considering that we are close to starting Q2, can you explain a little about this NFT? How can it be acquired and what value will it have for users?
Can you tell us an overview about the Binary Options which is part of your Roadmap in 3rd quarter this 2021? How to earn in this program? What are the pros and cons with the Binary Options in Salt swap? Thank you
Partnerships are an important part of the developing of new crypto projects. Can you give us details about your partners and how you are mutually benefiting? Are there more partnerships in the future for SaltSwap?
I would like to know about the founder or founders of SaltSwap. Can you tell us about your experience with blockchain? What made you decide to start SaltSwap?
Can you name the core products of SaltSwap? Will you be integrating more features and services or the current products are the definite products of SaltSwap?
Do you think that the Swaps of the BSC chain will become as recognized and successful as the Swaps of the ETH chain? if so, could SaltSwap become BSC’s Uniswap? allowing other projects to be a simple fork of your Swap?
Salt is commonly used for two things, one to preserve food and the other is to let you know, with which of both is your swap most related? or is there really a different reason?
Among so many new developed Swaps in the BSC chain, what is the biggest difference between SaltSwap and Pankeswap and the rest of the competition? just how many tokens do you own?
Your website and your Medium blog really have very little information, where can I get and learn more about Saltswap? including its road map and its founders.
I understand that the rates in the BSC chain are really low, but besides this, SaltSwap has mechanisms that allow to lower that value even more? or does it really demand much more gas?
In saltSwap, will each tokens developed in the BSC chain be automatically listed from its origins? or do those tokens really have to do an ICO first to be part of your swap?
Really why SaltSwap like other protocols predict the BSC chain to develop their swap, when really in the ETH chain there is much greater diversity of tokens? Is it just because of the high cost of gas for each swap in eth? or what characteristics was it that attracted them?
What really is the long-term goal of SaltSwap? be able to provide tools and instruments that can further boost the BSC chain and thus use the full potential of DeFi? if not, what is it then?
The team of SaltSwap is composed of experienced software developers and product managers from top-tier technology companies (rhe salts) wouls you mention the companies you come from and what experience does it bring to improve the design of SaltSwap?
Why is SaltSwap focusing on the BSC DeFi agricultural production movement and not considering other blockchains like ETH?
The project starting with a salty yield farm, nothing inusial yet, but with the promise of quickly moving on to bigger and bigger things, having big plans for SALT token. What innovative uses could we see for SALT token in the near future?
In the roadmap we can see the SaltSwap short term planning, would you share with us somw of your mid-long term goals?
SALT Lottery is defined as not just a chance for users to earn more SALT, but also a fiery mechanism to keep the token value high) so is this Lottery tied to a burning mechanism?
Collaboration with BabeDeFi gives the project something other than aesthetic pleasure? What other partnerships have you entered into, or are planning to enter into?
I see in your website in Brew Pool in your upcoming Ocean feature that you can earn an APR up to 3,067.60% . I think this APR is too much to believe so can you tell us how does APR being calculated in Staking in Salt platform? How possible to get this high APR? Is this really applicable in earning while staking in your platform because I see that in other staking pools can also earn a high percentage of APR? If this earning is high as like this, can you tell us the requirements and terms in staking in your platform? Thank you
Price is a major factor for investors, and Future trading has significant risks. What are you expecting from the Future opening? How it can help Project’s tokens to grow in both terms price and volume? Do you have a plan to do some promotional activity to attract more future traders?
Is there a minimum & maximum amount to trade? It will be a trading leverage? Are Future trading section to have more trading pairs?
There are more and more competitors in Futures like Bitmex, Binance Future, FTX. So How do you plan to stay competitive with so many new products and players in the market? And How do you prevent market manipulations by whales?
Can you briefly say how the Your system is designed to be stable and reliable for Futures traders, even in volatile times?
Is this a platform for professional traders? What is the effect that ordinary investors who are not trading experts can feel from using Your platform? Do you provide Copy Trading too?
What is the Your global strategy? You will enter different markets, local regulations will be the first obstacle Your Ex need to overcome. How do you intend to deal with this legal issue?
Where should I start first: margin trading, spot trading, perpetual swap or futures trading? What are the pros and cons of the examples given above?
I saw you are planning to add NFTs in the next quarter of the year, however, there are many types of NFTs based on art, music, games, they usually have a purpose that makes them attractive to collectors or traders, which will be the main attraction of your NFTs? And how will these features integrate with Binance Smart Chain?
Can $ SALT be considered a deflationary token? What does the burning of this token consist of and how do you plan to increase your users’ ambitions to actively farm and stake?
I’ve heard that we can earn free in SaltSwap Platform, it’s so nice that you have offer like this and who wouldn’t want to earn for free right? So can you share with us on how we can earn free SALT tokens in your Platform? What are some of your Salt Incentive Programs that we can participate and join?
Will it be possible to add the SALT-USDT pair or are you not planning to do so?
Do you have plans to implement NFT within SaltSwap?
What functions does the FLIP token have in addition to providing liquidity, and what benefits does it bring to SaltSwap users?
Is there a minimum and maximum bet for the SALT token in LaunchPool?
Will SALT’s daily emission rate change as the total supply approaches a maximum?
Do you create any tokenburn roadmaps for increasing the token value for customer benefits?
Can you tell us more about the algorithm that your team is developing for you?
Among so many new developed Swaps in the BSC chain, what is the biggest difference between SaltSwap and Pankeswap and the rest of the competition? just how many tokens do you own?
Would users of your platform be rewarded with SALT Token every time they make a trade or the reward would occur occasionally like how platform like Uniswap and 1inch does?
With so many Crypto Projects popping up lately and some are with the same features as SALTSWAP, how can you differentiate yours from others with same field? What’s so unique about SALTSWAP and what’s your competitive advantages? Also how are you confidence that SALTSWAP will going to be a hit?
There’s so many Crypto Projects built in BSC over ETHEREUM but some of them are gone too and failed to deliver on their promises. You know “Promises are meant to be Broken” so why you chose BSC in the first place? Also how can you promise to avoid the same fate and how can we be confident that SALTSWAP wont disappear too like others?
The no 1 concern we have for a new project is how you can convince us that this project is not another rug pull?
Can you give a brief introduction about the team? especially their expertise and experience in this crypto filed. Do they have any significant achievement in the past? or have been involved in successful project in the past?
SaltSwap use real person as an icon, do you have any legal right to do so?
The current price of $salt is $12+ and the ATH is $435+, this shows that the token is really undervalued so what is the team doing or intend to do to create more value for the token?
As of the time of asking this question, no token as been burnt…Does the Saltswap team have plans to burn some token in the nearest future?
We know the fundamentals are important, but reality shows that pumpamentals (marketing, easy to understand, etc) are just as important and sometimes even more. How is the team working to make people pay attention to it and find it more attractive than others?
I read that Saltswap have a launchpools named Oceans. Could you tell me what token that available in your Oceans and how many total of pools do you have in Oceans? Beside staking in Oceans, what are we able to do in there?
From what I know saltswap is a farm project, can you explain how does your farm system work, did you have premine system? And how did you prevent price dump that usually happen in farm project because of user sold their reward? Any benefit by holder?
I read in your site that you have lottery feature to distribute SALT token. Can you explain how does your lottery system work? What is the requirement to join your lottery system, do we need buy some ticket or only need to hold SALT?
I see that you just have partnered with Cafeswap project which one just doing ama in satoshi club, can you share what are the benefit user get from this partnership? And how much total of partner did Saltswap have until now?
I’m starting to get confused about all this food. Please tell me what is the benefit of stacking salt to earn a Brew token for another project. They have to stack Brew to get a Salt token of your project. From the financial side, this seems meaningless, because it seems to me that the project is created around its own token. If they go bankrupt, will you compensate for the losses, exchange the Brew (which will not be possible to sell) for Salt?
What supports the Salt price in the long run? In the short term, the token can rise in price due to hype, but then under the pressure of sales from tokens received from % profit interest, the price will go down sharply
Why is there such a big difference? In the CafeSwap project, 627% is given for stacking Brew . You give 1778% for stacking Brew, which is much more than the parent project of the Brew token. How do you achieve this opportunity? I’m very interested in making more money, and of course, I’d love to stack with you, but is this % difference a little scary?
Security is essential for any DeFi project. What plan do you have to make your network secure? To preserve all the assets and products of your investors, what security protocol does the platform have? .Do you have any team, audit, that we create in your project?
SaltWap is an independent public chain or a DeFi product? Do you have some kind of community mining?
What is the feature in the roadmap you are more anxious to finish/deliver and why?
¿What´s the long term vision of Salt Swap?
¿What would you say to new users that see a vast sea of DeFi Projects, that differentiates Salt Swap from the others?
Will you add a voting system for community in the future?