We are pleased to announce our next AMA on March 19th 2021 at 04:30 PM UTC Time: Satoshi Club x FuguSwap
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join FuguSwap Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. FuguSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about FuguSwap
For more details:
FuguSwap – @fuguswap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
There was a big news that DNS pancakeswap was hijacked, so what steps will your team take to prevent similar accident happen in Fuguswap? how is the level of security from Fuguswap?
Fuguswap is a yield farm that punishing who not hold the token and rewarding the liquidity providers with unique mechanics. can you explain what punishment that user will get if they not hold their token? and how is the unique system for reward distribution ?
The FuguSwap team ensures that the platform is 100% bug free with a 0% chance of errors, how can the community corroborate that? do you have a program for Bug Hunters?
It’s on your whitepaper that this project aims to be one of the easiest and most convenient places for newcomers to enjoy the liquidity mining experience in the most frictionless way possible. What utilities do you have for the less experienced users and how do you educate them to invest safely?
I see that 3.2% of the reserve funds of fugu are destined to better develop the project and the team, so since it is a new project with a small community in which areas are they concentrating to become a competitive and accepted platform for its qualities?
the design of the fuguswap platform looks very simple and with few tools this will be improved in the future and maybe create manuals how to make a profit and provide liquidity to earn rewards?
As a decentralized platform, give me an example of how you are providing solutions to the DeFi sector, what do you need to be able to expand and what expectations do you have in the community to know how we can help this project?
There’s a feature to win $ FUGU tokens in lotteries and games, can you provide this sources to earn tokens in this way? Are they in-platform games or do you refer to external ways to receive earnings?
In your whitepaper there’s no names and no references about the team founders, I’ve tried to research on twitter but it seems like the usernames are suspended, the only we can know is that you have developed many other projects on the ETH chain, can you tell us more about you and what is your big purpose with this project?
$FUGU will start with 10 token per block decreasing 0.2 tpb each day until token emission reaches 1 token per block. Why did you designed this innovative approach, what advantages would it bring for $FUGU and its investors?
What is the use case of $FUGU in the ecosystem of FuguSwap, as utility token? Does it participate in different features besides being part of some pools and as a reward token? How do you guarantee its long term sustainability? Is it infinitely mintable?
One of your flag features is punishing sellers for leaving the pools, but would it also avoid investors from getting into FUGUSWAP because of those punishments? What are the measures of this, who is punished, when and how hardly?
10% Transaction fee, honestly, sounds insane to me! What is the use of that 10% and how do you think that such a expensive ecosystem would be attractive, what rewards or features make it worth the cost?
The transaction fee of FuguSwap is set at 10%. Don’t you think it’s a little high, since most project’s fees are around half that percentage? What do you aim to accomplish with this?
One of the goals of the project is to build an ecosystem where liquidity providers are rewarded. But there are other platforms that reward liquidity providers, so can you explain what is unique about FuguSwap that other platforms lack of?
On the whitepaper it’s mentioned that the $FUGU token has actual use cases in comparison to other platform’s tokens, so can you explain what are those use cases? What does $FUGU allow us to do on the platform?
You mention that FuguSwap “seeks to revolutionize the liquidity mining sector by punishing sellers”, but could you really explain why to punish sellers? Are they to blame for the great instability and problems in the market?
You mention that your protocol will use the mechanics of the various transaction fees, but will those fees stay fixed for life? Or will they increase or decrease depending on the community vote or some other factor?
One of the benefits of the swaps that belong to the BSC chain is that the commission rates are extremely low, thus, why will FuguSwap implement an additional 10% commission for each operation performed? is this necessary to achieve your goals?
The aggregator / performance optimizer protocols attract their users according to the high% of profits, so could you tell us what are the% that we can find in FuguSwap?
You point out that the deflationary token issuance system will stop when token issuance reaches 1 token per block, but could you really explain why stop it at that figure? why not before or after?
I understand that they have very few followers in all their social networks, therefore, why do they carry out an activity as important as the pre-sale of your project, without having a large audience?
Currently all projects call themselves “next generation projects”, but really what are the characteristics that must be met to be a “next generation” platform? and does FuguSwap fully comply with them?
Currently many dubious performance generators have been developed in the BSC chain, but how do you really know if FuguSwap is totally reliable and won’t do the “Carpet Pull”?
Fuguswap will operate a decentralized frictionless yield with the goal of revolutionising yield farming. You will be bringing a mechanism that punishes sellers and reward liquidity provider in a unique way. In what way will sellers be punished? Will it be through fees or is that why your fee is set at 10%? How will reward be fairly distributed when you will be using a manual distribution method ? Also, What sutainable reward solution will you be offering for LP providers and how does it help you to achieve the ambitious goal of being a first self sustaining protocol on BSC?
From your token distribution, 1,200,000 $ARTX is allocated to to presale event. What utility will $ARTX have within your ecosystem? When is your presale event taking place and will there be a whitelist ? If yes, can you tell me the condition to participate and the procedure? In addition, you said half of the fund that will be generated through presale will be used to provide liquidity in pancakeswap. For how long will the liquidity be locked in order for investors to be sure you will stay for a longer period and what will you do with the remaining fund from presale?
In your roadmap, you have highlighted two features that you will be implementing but there is no talk of it in your whitepaper and there is no time duration when you intend to implement. Am talking about this two features which are: Burn Casino Games and NFT. Am familiar with casinos and how it is operated but am not clear on what you mean by “Burn Casino Games”. Is it thesame as normal casino and and what other gamification features will you have? Also, how do you intend to introduce NFTs and what role will it play? In which qarter will these features be implemented?
Looking at your website fuguswap.org, we can’t find information about Fuguswap team. Where we can find the information about them? Does the team have background and experience in this expertise?
One benefit of farming on FuguSwap indicated $FUGU wins on lotteries and games with all lost $FUGU burned. What does this mean? How can users of FuguSwap participate in these games and what categories of lotteries are available for users.
FuguSwap platform that is based on the BSC network, and that aims to revolutionize the liquidity mining sector. But how do you plan to revolutionize this great mining sector? What tools or benefits will you implement to dramatically improve this sector? And within how long will they think they will achieve it?
They say that FuguSwap is based solely on the BSC chain (Binance Smart Chain), but really what are the benefits that this “BSC” chain offers unlike other Ethereum, Polkadot chains? How does FuguSwap make the most of this chain?
FuguSwap has a very outstanding feature, in which they will implement a punishment for sellers and a respective reward for LPs. Could you explain to me how this song and this reward work? How can users get the most out of FuguSwap?
You are aiming to revolutionize the liquidity mining sector by punishing the sellers and rewarding the liquidity providers in very unique ways. So in order to achieve these goals, what mechanics does the protocol will be using?
Lately many projects launching in the Binance Smart Chain Network in order to escape Etheruem congestion and high gas fees and Fuguswap is a decentralized frictionless yield farming platform on the Binance Smart Chain network too. So for you personally, may we know why you chose building FuguSwap in BSC? Also what are you aiming and intended to solve within Cryptospace?
On your Twitter post, you announced that your website has been updated and you want us to give our feedbacks. As I can’t see your future plans, I want to ask about your Roadmap, can you share with us some insights of the milestones you want to achieve and who are now your Partners at the moment?
Fuguswap community had decided to have a private sale with maximum 25 investors only. So lucky this 25 investors as an early adopters but why it is being limited only for 25 investors for private sale? How did you screened those qualified whitelisted applicants in your private sale? Aside from private sale,will you also launch public sale for Fuguswap community especially to those who did not make it in your private sale? If yes, when will it be? Is there also a whitelisting process for public sale? Thank you
Can you explain why does Fuguswap called to be the only self-sustaining yield farming protocol in Binance Smart Chain,as according in your website? How did you manage to be self-sustaining project? Even if you self-sustaining, do you consider partnership and big investors in the future if ever? Thank you
FuguSwap allows users to stake their LP tokens when they provide liquidity on PancakeSwap to generate passive income, but we users can only add liquidity on PancakeSwap? Is there any other platform where we can add liquidity to the $ FUGU token? Thank you.
You mention several times in the project whitepaper that FuguSwap relies on Binance Smart Chain to guarantee the cheapest and fastest transaction fees, but haven’t you thought about adopting another blockchain to FuguSwap to expand the options for users? Another chain like TRC20? Thank you.
Can you tell us a little about your work team? How many people make up the technical team of FuguSwap? Are you experienced and trained people? How is it possible that you work 24 hours a day without breaks? In which parts of the world is all the team located? Thank you.
After the $ FUGU token launch day, will you list the token on information platforms such as CoinGeko and CoinMarketCap to provide users and investors with information about the token?
Do you plan to list the $ FUGU project token on DEX or CEX’s like Binance or Uniswap after the token launch?
In your whitepaper you say that your long-term goal is to create your own Decentralized Exchange whose name will be “FuguSwap DEX”, but can you tell us a little about your short-term goals? What do you plan to achieve in the remainder of this year 2021?
What makes FuguSwap unique? How can you compare to PancakeSwap, CafeSwap or SaltSwap?
Basically Fuguswap is a yield farming project, but do you have plan to create other feature about DEFI for example like lend & borrow or NFT since its popular? what new development that you plan for short & longterm also how about your roadmap ?
on your telegram said that Fuguswap is building the sustainable yield farm protocol in all crypto. Could you please tell me what effort do Fuguswap give to makes your yield keep strong and sustainable ? i always hear people always look for profit by sell their reward from staking and make your token price down, do you have any way to prevent this?
1. In your Telegram group you said the difference between fuguswap and other farming protocol is that price and supply are protected by several deflationary features ensuring that the price of FUGU won’t plummet after 2 days like every other normal yield farming protocol. What are those features? Does it mean you will burn your token and how much % per transaction?
2. In your ”FuguPaper” you mention that in order to escape Ethereum congestion and high gas fees, many projects are launching in the BinanceSmart Chain Network and those projects usually lack a proper way to decrease the supply and build an ecosystem where liquidity providers are constantly
rewarded, and the token has actual use cases rather than just keep minting to the infinity. I’m a bit confused – so, by this, you want to say that the token use-cases are not so relevant? Btw, can you give us examples of $FUGU uses-cases?
Visiting your website, I did not see the functionality and what the farming platform will look like. One page with a link to a tweet, No pairing for stacking, no DEX itself. Then I remembered that Fugu is a poisonous fish, if cooked properly it’s a delicacy, if not well it’s poison. Tell me, in this form it is raw Fugu, why is it not cooked and how do I know\believe whether this Fugu will be cooked as a delicacy or will be poison to my investment
3. In your Telegram channel you said that smart contracts were audited, but I can’t find anything about it in your Whitepaper. Can you relate to us who audited your contracts? Was there a third-part company? And what are the issues and vulnerabilities they have found in your protocol? How can we be assured that you will not be exposed to those risk which was exposed a few days ago Pancake?