PART 1. Introduction of CHICKEN WING project and community questions.
Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called CHICKEN WING.
CHICKEN WING – protocol is an extension to the standard constant product exchange and allows all types of basic operations, also adds new featured operation types. The overall list of operations is following:
- Standard immediate swap operation;
- Immediate swap operation with zero fees;
- Flash swap operation;
- Time-locked operation
The plan of AMA session:
- Part – Introduction and preselected questions.
- Part – Live questions
- The Quiz about CHICKEN WING
The reward pool is 800$ +1 ETH in CWING
Leading the AMA our clever and fun admins:
Gold Rocket | Satoshi Club – @GoldRocket27
Andrés M. | Satoshi Club – @AndresM77
The Representative of the project:
Mr. Oda | CWING | CoFounder – @OdaCoFounder
R. Schwarting | CWING | CoFounder – @rs_cwing
Introduction of Chicken Wing project.
Gold rocket | satoshi club:
Good evening, dear community!
We conclude our today’s exciting ama marathon series with chicken wing. 🐔🐔🐔
Today our guests are @rs_cwing and @odacofounder!
Andrés m. | satoshi club:
Satoshi club, today we have an excited project chicken wing. @rs_cwing and @odacofounder welcome to our family 😃
Schwarting | cwing | cofounder:
Happy Friday everyone! We are so excited to be here! 🔥🔥🔥 thank you for having us 😎😎
Andrés m. | satoshi club:
It is an honor for us, how is going your week?
Mr. Oda | cwing | cofounder:
Welcome, everybody.
We are happy to be here today with you, as a community is in the core of our project … We are here to answer all your questions
Gold rocket | satoshi club:
Welcome to satoshi club, @rs_cwing, and @odacofounder!
😀
Mr. Oda | cwing | cofounder:
Thank you for the warm welcome.
Schwarting | cwing | cofounder:
Thank you, thank you
Andrés m. | satoshi club:
We have a lot of questions😁
Schwarting | cwing | cofounder:
Wonderful! Can’t wait 👌👌👌
Outstanding! Very busy yet exciting week for us 😊
Gold rocket | satoshi club:
Yes! Crypto life is in full swing today !!!🚀🚀🚀
Andrés m. | satoshi club:
To begin the ama could you introduce yourself?
And please tell us a little introduction about the chicken wing 💪
Mr. Oda | cwing | cofounder:
Hello everyone, hope you are all doing well on this wonderful day.😃 I’m oda, chickenwing co-founder, I was in big data engineering for financial companies for 15 years, been in crypto for almost 7 years now. Worked with developing several projects, and as an advisor for a few others, so i’m well experienced in this space. I was fascinated by the decentralization concept, and being able to buy, sell and open accounts freely without the banks and government complications. My engineering background made it easier for me to understand cryptocurrency and use this innovation to make an impact in this flawed global economy. It’s time to use this experience and knowledge to improve the DeFi projects and to help in the adoption of the industry which is the key for any potential growth.
Gold rocket | satoshi club:
Wow! Great background! 👏👏👏
😄🐔I immediately realized that you are funny guys since you named your project like that.
Mr. Oda | cwing | cofounder:
This is one of the things that you can really do with a wide acceptance as long as you are a hard worker and giving a good development, you can select the name as you wish,
It’s an option that’s not really available in the traditional markets, so why not? 😄
Andrés m. | satoshi club:
Great background, where did you study your career?
Mr. Oda | cwing | cofounder:
And I met with my partner @rs_cwing five years ago in one of the blockchain conventions and there where our story started together
Andrés m. | satoshi club:
There was when you chose that amazing name 😄
Gold rocket | satoshi club:
This means that you are like-minded people and partners! 👍 this is the path to success.
Mr. Oda | cwing | cofounder:
Harmony inside the team is one of the things that I and my partner @rs_cwing insisted on keeping along with all the team members … As to have one spirit one goal …
For us, the building is a journey.
Gold rocket | satoshi club:
I love your business concept❤️
Schwarting | cwing | cofounder:
Hello everyone. I’m Schwarting, also a co-founder of chickenwing. With a background in economics, I was in corporate development in the financial industry for over 9 years. I’ve been here in crypto for over 5 years, working with different projects. That’s where i ran into oda here. Funny how life works. Now, with our blockchain development experience and know-how, our outstanding dev team of experts, and of course the unyielding support of our strong community, we know we can make an impact in this space.
Gold rocket | satoshi club:
Please tell us more about your team. Who are these people, what functions do they perform in the team?
Mr. Oda | cwing | cofounder:
We have a good enough developer team ( 7 members so far )
1 Project manager
1 Architectural concept design
2 Full-stack
1 Back-end
And 1 front-end
And can’t wait till we reach the lunching date when the project governance started and open the door for the community developers to start building with us side by side
Of course, not to mention our long list of wonderful marketing teams & CMS as they are as important to the team as the developers themselves, as we believe is the tech only is not enough to make the project succeed…
Gold rocket | satoshi club:
And we are looking forward to your lunching!🚀🚀🚀
Schwarting | cwing | cofounder:
Now let’s talk chicken wing 🔥
Andrés m. | satoshi club:
Yes, please, a short description
Schwarting | cwing | cofounder:
Chickenwing is a protocol for a dex. It has all functions of an ordinary liquidity pool DEX with some traits of order book dex. It allows traders to get better exchange rates and give arbitrageurs new profitable opportunities.
Andrés m. | satoshi club:
Talking about arbitrage, how do you prevent price slippage?
Schwarting | cwing | cofounder:
The main protocol features time-locked swap operations that allow countertrades to be performed in parallel, compensating price movements, decreasing price slippage.
Introduces a possibility of zero-fee trades under certain conditions. Chickenwing follows decentralized governance and fair launch principles from the very beginning.
Schwarting | cwing | cofounder:
Governance smart contracts allow the community of liquidity providers to take control over the protocol parameters in a decentralized way, without any party having exclusive rights.
Gold rocket | satoshi club:
Thank you very much for the great intro! Do you want to add something or can we proceed to the questions from the community?😍
Schwarting | cwing | cofounder:
We do have an exclusive announcement to make 😉😉🔥🔥🔥🚀🚀🌕
Andrés m. | satoshi club:
😱 please share it.
Andrés m. | satoshi club:
Great opportunity satoshi club, let’s join
Mr. Oda | cwing | cofounder:
As we are valuing our collaboration here we kept this till this ama
Schwarting | cwing | cofounder:
We are launching our TGE tomorrow! March 13, 2021, 3pm GMT 🔥🔥🔥🔥🚀🚀🌕🌕
Make sure you follow us @chickenwingglobal for more details!
Gold rocket | satoshi club:
It’s very soon !!!🔥🔥🔥
Schwarting | cwing | cofounder:
Thank you, truly appreciate that 🚀🚀🌕
Gold rocket | satoshi club:
Thank you very much for sharing with us! 😍🚀🚀🚀
Schwarting | cwing | cofounder:
Yup, so we gotta get on it 😉😉
Mr. Oda | cwing | cofounder:
Thank you gold, it’s a lifestyle…
In any way, we are going to build and work? Why not build in an outstanding environment, it’s our choice and it’s what we are standing for.
Schwarting | cwing | cofounder:
You are most welcome 😊
Schwarting | cwing | cofounder:
Exactly 👌
Mr. Oda | cwing | cofounder:
It’s less than 22 hrs
(just after the ama) a countdown counter will start in our official website 👌
Andrés m. | satoshi club:
Thanks for sharing it with us, let’s proceed with the first question 🎉
Gold rocket | satoshi club:
We are very excited with you! 🚀
Schwarting | cwing | cofounder:
Check it out 😊 chickenwingg.com
Gold rocket | satoshi club:
Btw great design of the website👏
Preselected questions about the Chicken Wing DeFi project.
Andrés m. | satoshi club:
Q1 from telegram user @ovkneze_big
Chicken wing’s novel solution will be analyzing all the components 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?
Mr. Oda | cwing | cofounder:
Through our protocol which is analyzing the market situation and would give wights to both liquidity sides and would increase the pressured one with more liquidity plus giving an attractive price which will attract community also to do so, and there is, even more, deeper technical details that will be explained in more details in a separate articles
Mr. Oda | cwing | cofounder:
Of course we can’t eliminate that at all but it will reduce it to an extent that would make it less painful.
As we all know it’s a part of the process anyway. As per our simulation models, the pl has been reduced to almost 50%.
And of course, we are keeping the development in this part.
Last but not least. Our algorithm is already working on the previous market cycles plus having a pressure on one side is triggering the protocol to recalculate the weighting process
Gold rocket | satoshi club:
Thanks for the clarification! Do you want to add something? Or can we jump to the next question?
Mr. Oda | cwing | cofounder:
Go on, please.
Andrés m. | satoshi club:
Q2 from telegram user @yellowchamp
On your website, it is stated how to get started in a chicken wing. The first is to know more about the project then if interested, we can fill out interesting form and be ready. Then last is invest. I think this is some kind of unique but kindly explain more about what is this interesting form for? Is this form really needed when investing in the chicken wing? Does this interesting form still exist in your platform especially for new investors? Thank you
Mr. Oda | cwing | cofounder:
I liked this question,
As I said earlier, when we do something, we like to do it in our why.
So we wanted to make something that can give us a chance to since the community reaction when we give a sort of development and announcement, and here where we got this idea,
We are following the interest (when our community take the hassle to fill the form) when we got more? When got less so can measure our work through our community reactions 🙏
And of course, we wanted to have a way to record our early supporter’s data so we can give back when the times come 🙂
Andrés m. | satoshi club:
Btw, chicken wing has two ways to add liquidity, right? Pools and liquidity providers, but now works the activity meter for the first way?
Mr. Oda | cwing | cofounder:
Basically, we thought that why not providing liquidity as a service?
Liquidity is considered one of the important component in the decentralized markets, and providing the liquidity for strong fundamental projects give the outstanding project a chance to succeed, although the liquidity pool providers gain from stacking rewards + pool fees + the gain from the projects that we worked with …
Plus a portion of the pool liquidity will be also shared with our innovative algorithmic protocol to solve the pl problem as I stated earlier
( *liquidity as a service* summaries all the above )
Andrés m. | satoshi club:
Thank you so much for this clear question
Gold rocket | satoshi club:
Thanks for the answer!
Tell us please about your tokenomics btw.
Mr. Oda | cwing | cofounder:
Gold rocket | satoshi club:
We have a question on this topic😉
Mr. Oda | cwing | cofounder:
There is a say: a picture worth a thousand words. Go ahead, please.
Andrés m. | satoshi club:
Q3 from telegram user @brainchest
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 that 56%? Will this stress the pricing policy?
Mr. Oda | cwing | cofounder:
“Selling” will make the pressure on eth side not our token side 😃 Plus, as we stand for the community our attractive APY will make sure to have enough liquidity 👌
We still have a lot more strategies to be applied to encourage lp, as we are in discussions with our partners to insure a smooth lunching, after that, our protocol mechanism will take care of the rest
Andrés m. | satoshi club:
Could you tell us more about your recent partnerships?
Mr. Oda | cwing | cofounder:
As you may know, that’s not something that we can disclose due to the nda
But one of the ongoing negotiations (that our partner agreed for us to disclose only a general outline)
There is one big traveling agency that is willing to accept our token as a sort of payment, and that will have a separate announcement when the time comes.
Andrés m. | satoshi club:
Of course, we will be expecting news about it 😃
Mr. Oda | cwing | cofounder:
I know that’s wasn’t the kind of partners you are looking for but still, it’s a big step for us as one of our tokens use cases
Everything well be just on time.
Andrés m. | satoshi club:
Congratulations on that, we hope that improves the adoption of chicken wing 💪
Mr. Oda | cwing | cofounder:
We believe that Adoption Is the key for the whole market … That’s how we are thinking and that’s one of the things which is motivating us.
(is to make a difference in the space)
Gold rocket | satoshi club:
Absolutely right! We live in an amazing time!
Thanks for your answer ☺️ ready for the next question?
Mr. Oda | cwing | cofounder:
We are always ready ☺️
Andrés m. | satoshi club:
Q4 from telegram user @korryl
There are few problems that DEX has right now, usually, the problem is about speed, not efficiency and scalability. How chicken wing tries to solve that problem and makes DEX more friendly to use? Can your platform empower the decentralized market?
Mr. Oda | cwing | cofounder:
Answering this question is like explaining the whole project from a-z 😅
But let me explain that in short…
Andrés m. | satoshi club:
Completely agree👏
Mr. Oda | cwing | cofounder:
Actually, we know that there are already other blockchains that are already solving this problem.
And also, this problem is might be one of the barriers toward our main goal (adoption)
What we selected Ethereum blockchain, it’s because it’s the blockchain which is having the bigger developers, the ones having the bigger user base, so why not being the one who is providing ( a better user experience )
What we did exactly is we looked at the current DEXes
And asked our selfies, as a user, what I’m missing here? What would make my experience here better, and here where we come with our solutions
Our protocol will be mixing between the pool based DEXes & order book one, Involving our unique features like:
- immediate swap operation with zero fee.
- flash swap operation.
- time-locked operation.
And more features that we are still trying to implement (like stop loss …)
Gold rocket | satoshi club:
Thank! Your answer is complete! 👍
Andrés m. | satoshi club:
You’re doing an excellent job💪
Mr. Oda | cwing | cofounder:
We are just checking what the user will need to make his experience better and start developing.
Thank you, guys, all this will have no meaning without a great community to support.
Andrés m. | satoshi club:
Sure, you have a big telegram group, are you planning to create local communities? Or do you have some of them?
Mr. Oda | cwing | cofounder:
Actually, we are getting an outstanding interest so far
Within the last 48 hours, our great communities from around the globe started to ask for the same.
And as the community is the core of our project, we started to expand … So far, we got already 4 local communities
Can share there links here?
Andrés m. | satoshi club:
Yes, please 😁
Mr. Oda | cwing | cofounder:
Hello, #cwingers,
We are happy to announce the launch of the our new local communities:
Filipino community
https://t.me/cwing_filipino
Vietnamese community
https://t.me/chickenwing_vn
Japanese community
https://t.me/cwing_japanese
Can’t wait to see #cwingers from all around the globe 💫💫
And the recent one is our great Chinese community
https://t.me/chickenwing_cn
Andrés m. | satoshi club:
Satoshi clubbers, let’s join if you are interested 🎉
Gold rocket | satoshi club:
Do you have Russian and Spanish?
Mr. Oda | cwing | cofounder:
And we will expand as we go 👌
Started to get interested from the said communities we are open to expanding on any local communities
Gold rocket | satoshi club:
Andres and i will look forward to🙏
Andrés m. | satoshi club:
Of course 😁
Thanks for share it, let’s proceed with the 5th question
Andrés m. | satoshi club:
Q5 from telegram user @konditer_rolex
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?
Mr. Oda | cwing | cofounder:
We don’t have such concerns!
When said the project is made for the community and by the community and to give power back to the community …
Well, we really mean it after the lunch the governance will commence and the community will take it forward,
We have a different approach; we believe that the majority of the community can’t agree on something that will harm their own project
The project will have its own forum to discuss the development and the important decisions
And of course, we will keep on developing just as a part of the whole ecosystem.
Andrés m. | satoshi club:
A great feature of your project, empower the community and make it part of the project 👏
Mr. Oda | cwing | cofounder:
That’s true.
The community in our believes are the most important element of the process and in the decentralized market … And they deserve to have the power to take it to the next level.
Gold rocket | satoshi club:
You guys are great! 👏👏👏
Andrés m. | satoshi club:
Mr. Oda, thank you for the answer, now we have the last question of the first part
Mr. Oda | cwing | cofounder:
Go for it
Andrés m. | satoshi club:
Q6 from telegram user @garrinepotter
You mentioned working on second layer solutions with your partners, who are these partners and how do you want to use the 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.
Mr. Oda | cwing | cofounder:
I believe I already answered that?
Andrés m. | satoshi club:
Yes, the question was partially covered, do you want to add something about the topic?
Mr. Oda | cwing | cofounder:
Only the part of the 2nd layer partner it’s just not yet the time …
With regards to the blockchain, we selected I already answered.
We found the problem we solve it; we don’t like to take the easy way 😁
Gold rocket | satoshi club:
I am confident in the success of this🚀
Andrés m. | satoshi club:
Congratulations guys, you are doing an exceptional job, very admirable everything you are implementing😁👏
Mr. Oda | cwing | cofounder:
Thank you Andres, I wanted also to express how I liked the great community that you are running here you are doing a great job so far … Let’s build together 👌
Schwarting | cwing | cofounder:
Let’s go guys 🔥🚀🚀🌕 we have a saying in our team “when in doubt, ask oda.” d be shy, ask away 😉
Mr. Oda | cwing | cofounder:
I forget to reply to this, we would love to have you with our amazing cm to help us grow our community 🙏
Andrés m. | satoshi club:
It would be an honor for @goldrocket27 and me 😃
Schwarting | cwing | cofounder:
*dont
Andrés m. | satoshi club:
Well, @rs_cwing and @odacofounder! Are you ready for the second part of the ama? We will open the chat for community live questions. Please choose your 10 favorites and answer them 🥳
Schwarting | cwing | cofounder:
Completely agree 🙏🙏🥳
Gold rocket | satoshi club:
Thank you I am very excited! Thank you so much!
Andrés m. | satoshi club:
Let’s open the chat 🥳
Mr. Oda | cwing | cofounder:
Go for it, please 🙏
PART 2.Questions about the Chicken Wing project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Chicken Wing crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$ + 0.1 ETH in CWING.
Q – 1 from a telegram user @Gutike95
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?
Mr. Oda | CWING | CoFounder:
First of all I would love to express how I admire this great community
Ok let’s start with our main operations ..
Of course the first one is the normal swap operation that is already available in the Dexes available in the market …
Before I answer your question I would like to highlight that the operation that you mentioned already is an achievement of its self …
Time Lucked-operation is one of our innovative solutions where you can use Dex to make a big trade/swap without impacting the market with the slippage problem …
In the same time opening a window for the arbitragers to make a counter-trade with ( zero fees ) as it’s made in the same transaction
Anyway … we are in. Groundbreaking technology which we believe we are one of the early adopters you can’t imagine how far this technology can take us, and there are many features that’s yet to be implemented … stay tuned as I said building ( for us ) is a journey and we will keep on building
.Q – 2 from a telegram user @KASG95
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?
Mr. Oda | CWING | CoFounder:
We are in a free market that won’t be available all the time of course
But here I will highlight again the time luck-operation which will open the window ( and time ) for the arbitragers to perform their trades ( with ZERO fees )
We are building the system and we will keep on enhancing it…
Also combining both pool-based and order book ones that are will enhance the process …
We will keep on building and providing solutions as we go.
Q – 3 from a telegram user @DiegoRME
How secure and transparent is CHICKEN WING for users seeking security of their funds?
Mr. Oda | CWING | CoFounder:
Royale King and Queens are staking slots. You need to stake 7200 $ROYA for a Queen and 72,000 $ROYA for a King. The other difference is the NFTs that will be associated with these, but this is coming later down the track for us.
Q – 4 from a telegram user @AugusS7
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?
Mr. Oda | CWING | CoFounder:
Well , security is our number one priority ,
1- We have a third party auditing ( periodic )
2- we have a full reporting , monitoring system
3- and finally we have our Early Alarming System ( EAS )
There is a certain parameters to since such suspicious behaviour , the system will automatically report the incident + revert the trade, and block the address made this behavior till further checking procedures
And we are already working with some other DeFi project to implement our innovative solution …. separate announcement will be made for the said.
Q – 5 from a telegram user @Antoni_azx
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?
Mr. Oda | CWING | CoFounder:
Good question, we are a team of visionaries that can execute, we only have plans to be the best we can be, and are madly in love with what we are doing, Royale and the birth of a new industry iGDefi, anything else that is manifested from this is a bonus. Having all of you alongside us as we grow is special.
Q – 6 from a telegram user @rockmorti
Today the most famous chains in addition to ETH are BSC and DOT, do you plan to carry this wonderful protocol, export it to those other infrastructures?
Mr. Oda | CWING | CoFounder:
Yes we do … once we are ready here ,, other blockchains expansion will follow …
We started with the difficult one as you can see 🙂
But we won’t stop here 🙂
Q – 7 from a telegram user @smelekin
Creating a system like this requires more than great programmers. Do have mathematicians on the team?
Mr. Oda | CWING | CoFounder:
It’s all about mathematics Angel you are right 🙏
It’s our methodology
1-We address the issue
2- Then we design the Arch Concept
3- made up the right mathematical solution .
4- back-end development
5- Front-End Development
6- testing
7- third party auditing ( two eyes is better than one 🙂 )
8- Simulation
9- Lunching.
Q – 8 from a telegram user @Korryl
Does Chicken Wing token have a feature for Burn & Buy-back system? How is your burn system work? just say burn is a great feature to up the price and value of your token?
Mr. Oda | CWING | CoFounder:
It’s will be in the hand of the community through the governance procedures
But generally, the burning option is already implemented in the smart contract to burn a portion of the fees …
Long term perspective is one of our major focusings
Q – 9 from a telegram user @biggdata
Probably some projects will not be able to continue their development and will be left unfinished. Thanks to what features can the Chickenwing project be a long-term project?
Mr. Oda | CWING | CoFounder:
We are here to stay , actually the two major point that the sale made for is to:
1- provide liquidity
2- to on-board the community
We are building already here from pretty long time and will last till we achieve the perfection
Plus , as we said earlier this a community governance project … by this we make sure that the project will last 👌
Q -10 from a telegram user @Joshblaze
Is there a provision for presale or private sale?
Mr. Oda | CWING | CoFounder:
Last but not least,
The answer is No!
We got some request to invest with us in ( better prices ) ..
But this object with our principles …
That’s why we made a fair distribution plan …
So everybody will get his chance, in a fair way …
We made an increasing rate model …
The earlier you invest the better deal you get … no matter how big or small your investment is …
We treat all the same because we believe that if we want to build a strong project we have to make it through a fair game, although it might be easier for us or for any founders to get their big investments through the big player … but still this not how it will work with us … the project is made for the community and will remain for the community through all the project procedures and actions.
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Chicken Wing project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 600$ + 0.8 ETH in CWING was distributed between the winners.
Our contacts for more details:
English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website
Our Crypto Partner by this AMA: Chicken Wing
Telegram group | White paper | Tweeter | Website
