We are pleased to announce our next AMA on March 12th 2021 at 05:00 PM UTC Time: Satoshi Club x CHICKEN WING
⚠️Click to see the hour
⚠️Total Reward pool: 800$ + 1 ETH in CWING
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join CHICKEN WING Telegram group
We will have the following structure:
Part 1: 100$ + 0.1 ETH in CWING /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$ + 0.1 ETH in CWING/10 users – Open chat for 120 seconds. You can post Max 3 questions. CHICKEN WING Team will select 10 questions and answer them.
Part 3: 600$ + 0.8 ETH in CWING – A quiz about CHICKEN WING
For more details:
CHICKEN WING – @chickenwingglobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
A blockchain like CHICKEN WING offers a lot of possibilities, what is the most important thing for you that a blockchain needs to offer?
Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?
what is the key to successful chickenwing
how is chikenwing in the face of its competitors
what makes chickenwing into cryptocurency
One of the new features you are going to implement is Flash Swap which will allow token swap operation without holding or having any token as input. This looks novel and am still wondering how you will allow me to swap a token without me having an input token for the swap. Will this function like a borrowing system where I will need to deposit some collateral or how will you ensure I will later return the input token to the pool? What will be the protocol’s requirements to use this feature?
CHICKEN WING has a Pool Register Smart Contract which serves as entry point to LP pool operation and anyone is given the liberty to register or create a new LP pool. How will the Pool Register delegate the functioning and core operation to a liquidity pool? Who set the fees, staking conditions (such as duration, maximum pool participants) and reward-system (such as APY, reward token, claim method) for user-created pool? How is the creation of pool regulated because if everyone keeps creating new pool even for an existing pool, who is going to join the already available pool?
Trying to find the relationship between the project and its name as it is CHICKENWING, it is complicated for me to understand your vision, could you share why the choice of this name, what is this allegory? or does it come from something empirical and seeks to convey something?
it is indeed very attractive the optimized SWAP price, providing zero to low slippage on large deals and the best possible exchange price, how is this possible ? what mechanism do they use to make this an effective and prosperous reality ?
The audits have always demonstrated worldwide in any circumstance that are necessary to evaluate the transparency of an institution, company, project, CHICKENWING has as a fundamental pillar the transparency in their transactions and promote a scheme of audits, could you tell us a little about this? who performs the audits? and how often are they performed? is a report provided at the end of each one?
It came to my attention that on your tokenomics you have this “Future Project Deveolopment & Founders”, and on Fund Usages you have “Founders” as well, could you tell us a little bit more about this part of founders and why are they on both parts of your economy?
Chicken Wing is built on Ethereum, and as we all know one of the main problems of Ethereum right now is high gas fee prices. So, it really caught my eye the part on your whitepaper when you talked about Chicken Wing Implementations when you talked about Gas Economy, so could you tell us more about it and how will Chicken Wing handle this situation?
Protocol fees on chicken Wing will be set to an initial default of zero and only governance can activate the introduction of fees. What are the on-chain governance parameters that are used to implement proposals and approvals? Which tokens are used for governance and are there range limit to the amount of fees that can be set by the community? Also, Apart from fees, in which other areas of Chicken operation can community partake in the decision making Process?
CHICKEN WING can be considered as an extension of the known exchanges products on DeFi, but in addition to the basic operations it is incorporating new functions such as: Standard immediate swap operation and immediate swap operation with zero fee. How are you exactly going to achieve immediate operations with Zero fees? Is it even possible considering this project is based on the Ethereum protocol?
It says on your website that Chickenwing smart contracts are being audited by external specialists. Can you reveal who’s helping you with the audited security or is it confidential? Do you have any partnership with a security expertician?
THERE IS A GREAT COMPETITION IN DEFI, CAN YOU EXPLAIN A LITTLE ABOUT WHAT ARE THE VALUES THAT CHICKEN WING REPRESENTS AND WHY SHOULD WE JOIN YOUR COMMUNITY?
WHAT ARE THE MAIN OPERATIONS THAT YOU WILL CARRY OUT TO ENSURE THE GROWTH OF THE PROJECTS YOU WILL WORK WITH?
HAVE YOU PERFORMED ANY KIND OF SIMULATION ON THE BEHAVIOR OF THE CHICKEN WING MARKET UNDER DIFFERENT CONDITIONS? IF THE ANSWER IS YES, CAN YOU TELL US A LITTLE ABOUT THE RESULTS OBTAINED?
Time-Locked Operation is the main idea of the CHICKEN WING model. If you can tell in more detail what it is and what is the use of this model for traders
You mentioned working on Second Layer solutions with your partners, who are these partners and how do you want to use Second Layer?Perhaps it would be easier to immediately place the contract on the blockchain at a cheaper price?BSC is in vogue now, for example
There is something that has me very curious and it is the fact that your whitepapper is encrypted, I would like to know the reason, is it something important? or just the fact of being able to do it?
On the subject of security, I understand that they take it very seriously, but I would like to know what are the precautionary measures that they will be taking with respect to massive transactions that can be done to hinder everything?
So who will be in control of your chicken coop? Many developers are afraid to transfer control completely into the hands of the community. How do you see the ChickenWing DAO? All authority to the people, or will you leave a decisive vote? Will an additional governance token be created?
You mention that after so many studies and hacks of various DeFi platforms, they have determined to block all kinds of suspicious transactions, but do you really know how to differentiate suspicious transactions from the conventional DeFi where everything is without data and transparent?
As you mentioned the liquidity in the projects offers certain risks in its users, but can Chicken Wing really minimize each of its risks? or just fix the problem of high fees and security?
I understand that Chicken Wing has • Standard Immediate Redemption Operation; • Immediate swap operation without commission; • Flash exchange operation; • Operation blocked by time, but really these are the only ones that can be done in DeFi? or could more be added over time?
If you really recommend that investors in Chicken Wing be fully trained, then has your team prepared some kind of guide or training plan for new users? or will that depend on each user?
I was really looking for more detailed information about its characteristics, but I really did not find it, neither the Road map nor a Medium blog, so could you tell us where you can find that information? or when will you have it available on your website?
You recommend that to avoid negative price movements, perform swap operations specified waiting time, but what is that waiting time really? is it the same in each operation?
You describe yourself that “Arbitragers see the price change and place arbitrage orders to correct the price”, but these arbitrageurs will always be active allowing the price to remain stable? or simply when there is some fluctuation?
I understand that ChickenWing users will receive the amount of CWING provided over time from the liquidity provided in each of the groups, but what is that proportion really?
There are few problem that DEX have right now, usually the problem are about Speed, not efficient and scalability. How Chicken Wing try to solve that problem and makes DEX more friendly to use? Can your platform empower the Decentralized market ?
Chicken WING is a Dex exchange that has a set of special tools which adds new featured trade types. The general list of operations is as follows: • Standard immediate exchange operation; • Immediate swap operation without commission; • Flash exchange operation; • Operation blocked by time my question these operations in that they differ because they have a different name, are they automatic, how are they executed in such a volatile cryptocurrency market apart, how can they implement the Zero fee?
Chicken Wing is a Decentralized Exchanger, Actually im just curious why did you give Name for your DEX “Chicken Wing”? Is there any story behind that name? And where is the main idea come from to create this project?
In your Whitepaper, you say that the transaction price prediction for a limited time is based on an integrated simulation model; This tool itself, how can we take advantage of it for arbitrage that Chicken WING uses with its zero gas rate in parallel with the trader’s time-locked operation to make it profitable?
The volatile market, eh even the impermanent Loss is inevitable but ChickenWING says that it has the special formula to make the most of the liquidity which are those tools they offer, such as the process and the formula they use to take advantage and generate profits, in which they are Does your protocol base Flash Swap, fee, calculation and price simulation to work with the parameters used in the Pools?
I see that there are still many shortcomings on the Chicken Wing website that make investors less confident, what will be done to make many investors see Chicken Wing?
Which wallet is best for chickenwing. How can we buy chickenwing coins?
Now that DeFi vs CeFi is rampant, many ERC20 players are interested in moving to BEP20, does Chicken Wing plan to have tokens on the BEP20 network?
Will Chicken Wing tokens later be able to staking, mining or farming?
Now that there are so many rogue projects and Rugpull tokens, what makes Chicken Wing a clear token and doesn’t do anything like Rugpull?
In your website, it is stated on how to get started in Chicken Wing. First is to know more about the project then if interested , we can fill out Interested Form and be ready. Then last is invest. I think this is some kind of unique but kindly explain more about what is this Interested form for? Is this form really needed when investing in Chicken Wing? Does this Interested Form still exist in your platform especially for new investors? Thank you
Honestly, I don’t get why a DeFi platform like yours have to use names like Chicken Wing to begin with. What is the story behind the name. How did your team came up and decided to used the named Chicken Wing to start your project?
Flash Swap allow to perform token exchange even without holding tokens for input, use the output and return the input tokens to the pool. Will you please explain how will the token exchange be possible when you do not hold tokens to begin with?
It was written on ChickenWing Tweet that you will have an “Exciting Announcement” during AMA in SatoshiClub group. What is this Exciting events or progarms that will be launch that might excite the community?
CHICKEN WINGS Novel Solution will be analysis all the component to give the right indication of when to increase and decrease the liquidity as to reduce the effect of IL and being able to move the fund in bulk. Tell us which components will you analyse and what tools your will use for this analysis?
As i know you’re working on a Second Layer solution for CHICKEN WINGS to eliminate transactions cost. Nowadays flexibility is everything. Did you already decide which L2 solution you will use? And as continuation of previous question – what about another blockchains integration as most of the projects did? Do you consider this possibility in the nearest future?
A very simple question – who is in CHICKEN WINGS team? I did not find this information and I wonder if you are public or anonymous? If the second option, then why? How can we be sure that the project is really created by professionals in their field?
1. Decentralized DEXes are important players on the DeFi market, allowing them to trade of digital assets automatically using smart contracts without any third-party interaction. But they have a problem: the bigger deal is, the more slippage of the price it will cause. So, being that, what is the role of your project in DeFi and what are your mechanism to solve this issue? Comparing with other common DEX Protocols, what the new changes that Chicken Wing brings to the industry? Do you have a Key Concept?
2. It is known that when fees are applied making several small swap operations gives less output than one operation with an equal amount. Therefore, how you will handle those fees in order to make time-locked operations at least profitable as immediate swaps? In which way you will facilitate arbitrage counter-deals when time-locked operations are in progress?
3. In your whitepaper you say that Chicken Wing is governed by the community from the date of launch and there is no code that could give anybody exclusive rights to change or update the contracts and their parameters. Does it make C.W. Token distribution completely predictable? Can you share with you governable protocol parameters and principles?
As a beginner, I am very interested in the financial model of the project. How did you calculate that by giving 56% of the tokens to the Public Sale, that is, users will already have more than half of the tokens in their hands and only 4% in liquidity? How do you achieve a financial balance between the selling pressure of those 56%? Will this stress the pricing policy?
On your whitepaper you said Chicken Wing protocol introduces new way of DEX that possible to have zero fees under certain condition, can you tell what are the condition ? How come is a DEX possible to have 0 fees?
Can I ask a frank question? Please don’t take it as a negative, thank you!
I read the following words every day in each AMA –made for the Community , By the Community. Tell me why your community is better than others? What value has the community brought to the development stage and does the community really participate in making meaningful decisions?
Tell us frankly, if you were in the place of an investor, what is it about your project that attracted you? How should I know that this is the right project for me to invest in?
Translated with http://www.DeepL.com/Translator (free version)
ChickenWing DAO is a mechanism owned by the user community, what benefits do token holders receive?
On the ChickenWing platform, if when placing an order the price of the token changes, what can arbitrageurs do to change the price?