We are pleased to announce our next AMA on October 7th 2021 at 01:00 PM UTC Time: Satoshi Club x Sphynx Sawp
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sphynx Sawp Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Sphynx Sawp Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sphynx Sawp
For more details:
Sphynx Sawp Website – sphynxtoken.co
Sphynx Sawp Telegram – @sphynxswap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I came across a post where you compared and stated the differences between Swap fees and tax. In order words, Swap fees are not the same as tax! PancakeSwap charges a 0.25% swap/trading fee for each transaction that you do, and it makes no difference whether you buy or sell assets. This fee is what you pay to use their services. But on the other hand, SphynxSwap will not be charging any swap fees for the first twenty-four hours after liquidity gets migrated over to our swap. Even when fees go into effect, they’ll be way cheaper than competitors. What would be the value of your fee once the fees goes into effect? Are we to experience an increase in the fees in the future? Aside the value of fees, what are the other features that differentiates SphynxSwap from other similar Swaps? How much will be taxed when a transaction of $SPHYNX is carried out?
I checked your background.So what is the goal of your collaboration with LUNA PR? What effect do they have on the evolution of Sphynx Swap?
I found out that you’re trending on CoinMarketCap (CMC). Can you tell us your marketing strategies? How did you encourage more users to join your project even though there are too many impressive projects today?
Sphynx – we understand there is a lottery tax work wherein 1% in every registered transaction (BUY&SELL) are taken under the lottery tax bracket. The Tokens are then accumulated and later on sent to the lottery prize pool. Could you please explain to us how exactly you mean by this accumulation ? Who accumulates, is it the user only or a collective pool? Upon injection, what are the criteria for a participant to win Tokens from the lottery pool?
You have announced that migration of $ SPHYNX liquidity over to SphynxSwap has been pushed back to Friday, October 8th, 2021 at 6:00 pm UTC. And what was the original date for this event? What made the transfer of the date, why was it done and what results do you plan to achieve by postponing the migration of $ SPHYNX liquidity?
I read that those who wish to launch their token can happily apply to be onboarded onto the Sphynx launchpad. What facilities and benefits do users receive for launching their token on Sphynx? What are the rules that users who want to launch their token must follow? Is it a requirement that the entire team behind the project do identity verification? Do you allow anonymous teams to launch tokens on the Sphynx launchpad?
The Sphynx team strives to bring everything a trader needs into one platform. And in the roadmap I found information about Launch Sphynx Papyrus. What is this tool, for which category of Sphynx users is it intended and what are its main functions? What other tools and functions will Sphynx integrate to facilitate traders’ activities?
The Sphynx Wallet allows us to reduce fees when transferring between different platforms. Fees are the same for all platforms or do they depend on something, how much % is the fee from a transaction, is it fixed and how can it be reduced? What is the further distribution of funds withheld from transactions in the form of fees and are there any other fees on the Sphynx platform?
As you guys mention in your whitepaper, there are a lot of trading, staking and farming platforms out there. And sometimes It is very difficult for people unfamiliar with these platforms to get into the world of crypto trading. You mentioned that you want to facilitate this experience for users, and instead of using 5 different platforms, new users just stay on Sphynx, since you will have all the services on the same platform. I’ve seen similar platforms, which tend to be a bit confusing. Do you think that the interface and design of the Sphynx platform can be easily understood and used by new users? Don’t new users feel overloaded with so many features?
Talking about Sphynx Swap tokenomics we see that with the token allocation 5% goes to team members for a period between 1 to 3 years. At the same time you say that as developers of the project you won’t be the owners forever. You will be transferring the ownership to a MasterChef contract as soon as you’re done with the presale. Please explain what is a MasterChief contract. Doesn’t it presumes team members to be a part of it? Thank you!
While going through your website,I noticed that your project roadmap has just 2 Phases,does that mean you are done working with your project?Or will it be updated in the future with more amazing features?And how will user determine/figure out which phase of your project you are currently on? Couldn’t it be more easier when it is done Quaterly and can you tell us how far you have gone with your project and what are you currently working on?
Sphynx offers many advantages in taxation and ease at use: you have decided not to charge any fees atall in the first 24 hours of launching Sphynx swap, the project is fully decentralized, earning tokens with high interest rates. Please advise the security base of the project. Has it already been audited? How could you guarantee everything promised for me to invest? Thank you!
I was shocked by your tax structure which includes a marketing tax of 5%, a development tax of 5%, 4% for holder rewards and 1% for auto burn. According to this structure, should we pay a 15% tax for each transaction? From the total allocation, a portion of 5% has been allocated for marketing and there is an allocation of 20.5% for token burn. Then why did you impose a tax for these two purposes? Although I am interested in investing in your project, I am thinking whether I have to pay 30% to you for every turn, 15% when buying and 15% when selling. Since it is fruitless, do investors have any options to get this tax reduced?
For phase 3, you have planned some top-secret developments. Can you please give a sneak peek of these developments? What type of aspects will they cover? Introducing a lottery is a great method to generate profits. Why did you postpone it to phase 3? It seems currently you are in phase 1. Since your roadmap does not include time frames, please let us know the estimated time periods for phase 2 and phase 3. Will you reach the most advanced stage in your roadmap within 2-3 years from now? Do you consider phase 3 as your ultimate milestone or are there any plans to extend the roadmap? Which will be the best time to invest in Sphynx?
i see that in your dAPP more features and function will come soon, like Farms, Pools, Bridge, NFT marketplace and Prediction. its good to knows many features will come soon at your dAPP, however i’ve seen the samepackage offer by another competitor, regarding this, what is exactly the big different and advantage for user to use SphynxSwap?
Currently, I am using Trust Wallet to store my assets. It caught my attention that you offer a wallet. What type of features are available on Sphynx wallet? Do you offer both desktop and mobile interfaces? Please explain about your security features. I noticed that your contracts have been audited by CertiK. However, here I am inquiring about the safety of the wallet. If I loss my device, can anyone who get it access the wallet? Do you offer any rewards for holding funds in Sphynx? Please explain why should I shift to your wallet when there are plenty of options available and I am familiar with Trust Wallet.
I read an article that mentioned “SphynxSwap aims to be the go-to trading platform, offering its users the fastest and most cost-effective trading experience, wherein users can trade within 10 seconds, and pay the lowest fees in the industry” How you fulfill this goals? where are the development progress so far?
as i read about SphnyxSwap, in nearly soon you will Minting an NFT SphnxCounil,, one of the good news for SphnyxArmy.
However can you describe me what is exaclty the good benefit for collect this NFT? what is exactly this NFT uses case? and how to collect this SphynxCouncil NFT?
I noticed that Sphynx was to launch on September 16th but was later postponed to Setember 21st when it was finally relaunched.Can you tell us what exactly happened?Was the date postponed due to some whales and bots?How did you resolve the issue before the relaunch and did it in anyway affected investors who have already gotten your token?
You created Sphynx Pyramid Farming because you want to incentivize users to provide liquidity for their favorite projects.So what tasks will users engage in for them to receive the incentive?You made mention of rewarding users in Sphynx with some of the most lucrative APR,so can you tell us the % of APR that will be rewarded to users?
Hello Sphynx team. I read that 4% tokens involved in every registered transaction (BUY & SELL) are taken under the Holder Rewards tax bracket. These tokens are then accumulated and later on swapped for BNB from your liquidity pool. How long will the accumulation waiting period be? This BNB is then converted into BUSD and then transferred to all the holders. How long will this process take? How often will holders receive these rewards? The more tokens we have in our wallet, the more BUSD rewards we will receive? Thank you
I noticed that the Sphynx platform is having problems recently, can you tell us exactly the source of the problem? Why couldn’t Sphynx make any changes to its contract due to the problem it experienced? Why did Sphynx have such a drastic drop in the chart, can you talk about the situation of the token holders? What is the biggest measure taken by the Sphynx team to prevent the same situation from happening again?
At first glance, your project’s mascot/logo resembles the popular DragonBall Z antagonist named “Beerus”, which is from the breed of Sphynxian and considered to be the “God of Destruction of Universe 7”. In the show, they depicted Beerus as a powerful enemy that wants to disrupt the planet Earth. Does the Sphynx Swap resembles/manifests some of its qualities and characteristics from Beerus itself? Metaphorically, do you think Sphynx Swap will be a powerful tool/platform for DeFi solutions within the crypto industry? Can you share us some more details about your project’s background conception and idealizations?
A lot of crypto projects inherits the popular buy-back features and burning mechanism for its token. This allows them to show to their investors and users that investing in their token will guarantee a floor price and mitigates risks. However, this is not the case for Sphynx Swap for it does not have the said features. Was it a strategic decision that Sphynx Swap decided not to induce the buyback and token burnings into its project’s features? If yes, how so? Also, what consequences does this two features imposes to the project and also to the investors?
Intriguingly, the Phase 3 of roadmap indicated that Sphynx Swap will be introducing other TOP-SECRET developments. Even though I know it is a secret and I respect that, can you at least shed us some tiny details on what to expect from Sphynx Swap’s secret development? Do you have surprises under your sleeves? Does this include ideas and products that have never been seen before in the crypto industry?
Sphynx has within its platform the Minting function which exists to support its Staking and Farming platforms. with Sphynx tokens. “Only the owner can call this MINTING function. This will be automated and controlled solely by the Kitchen Master “. What is the MINTING function? How does it work? How is the MINTING function activated within the platform? What advantages does the function offer?
Sphynx Dividend: Dividends are a true measure of how well the company is doing. As we grow, these dividends will increase. How do Sphynx dividends work? How are these dividends distributed? Who are the beneficiaries, how often are these dividends obtained? What kind of dividends does Sphynx deliver?
At Project Sphynx they believe in total transparency and respect for the feelings of our community. All of our contracts including the token contract have been audited by well known and trusted names in the space. How is Sphynx working to be a fully transparent platform? How do they claim not to be Scam? Are they a 100% secure platform? Will your smart contract receive multiple audits? What security tools do you have?
I read that Sphynx, aims to provide an AIO solution for commerce, agriculture, participation and tenure and that it achieves this by providing the ability to stay on one platform where we can govern others, but could you give us more details of your products, what are the tools that Sphynx provides most notably, what are their benefits and how do they enhance the user experience, could you give us some examples?
One of the products that you offer are the Sphynx Papyrus, I would like to know a little more about this product, what is its functionality, how it benefits users and finally could you tell us what requirements we must meet to qualify for this product?
Dapp projects are characterized by being financially very demanding, how does Sphynx prepare to achieve the necessary liquidity and what do you consider to be the governance model that they will apply to guarantee compliance with the Dapp protocol, what is its current market capitalization level and what are long-term expectations?
I read that your team is planning to hold an event in Dubai. What is this event about? When will it be held? Is it planned as a means of marketing to regular investors, or is it for the recollection of private funds? What can we expect and how could this impact the community?
From October 5th, your native token $SPHYNX is no longer available to trade on PancakeSwap, and while I’ve seen many projects launch their projects there, I’ve never seen one pull out. So, would you tell us what were the reasons behind it, what are your current ideas to pool liquidity, and what are the negative or positive effects this could have on users?
When you will update your roadmap, it will only be possible to use Metamask to buy your tokens, tell us about your first exchange listing, who is part of it and what benefits and advantages other Sphynx projects can receive, we can trust in your security and investing is fear to disappear with our capital?
We can trust the experience and commitment of the team and developers, many projects have failed due to bad decisions and errors not detected in time leaving their investors unprotected, what is their situation in this regard, how often they will carry out audits of their smart contracts and updates in your platform and security protocols?
Sphynx Swap is currently running an NFT giveaway on it’s Discord server, through it’s special community known as the Sovereign Sphynx Council (SSC). Can you let us in on the functions and the activities of this community, do members of this community have any form of influence on activites and developments around the Sphynx Swap project? Also, it is stated that the SSC has so far given out 5 NFTs. Therefore, can you elaborate on the current NFT giveaway, what sort of NFT varieties are available for this event, how can members of the council claim some of these NFTs, and how long will this Discord event run?
Hello Sphynx team! I’m a bit confused because I read that 4% tokens involved in every registered transaction are taken under the Holder Rewards tax bracket, but you recently mentioned that 50% of all swap fees that accumulate from the swap will get redistributed to holders through the Dividend. Can you clarify how the distribution to the holders will be and what is the percentage that will be distributed? Thank you!
I understand that Sphynx Swap will develop and operate a launchpad, which is been described as “the LaunchPad that will revolutionize launches on BSC”. Even as such bold marketing statements are used to push for an aggressive adoption of your Launchpad, can you extensively talk on it, what are some of the unique features of the LaunchPad, how will it be different from the services rendered by more established Launchpads on the BSC? What sort of projects, do you intend to offer your services to, and what security guarantees will Sphynx provide prospective clients & projects willing to use it’s LaunchPad?
A few days ago you made a very important announcement that caught my attention, you mentioned that there will be an Ambassador program that’s set to launch in the month of October. Will it be released in mid or late October? When will you start receiving applications from users interested in becoming Sphynx ambassadors? How many ambassadors will be accepted?
Your project aims to simplify life for traders by allowing them to manage their portfolio into one single platform, but there’s some factors that influence the adoptability of this type of platform, for example, how will the platform interface be proposed? Will it be customizable? What kind of advanced functions will be present for all users?
I saw you’ll have a lottery tax bracket where will be involved a 1% of tokens registered in every transaction, could you explain to us how will this mechanism work to mantain the economic model of your project being efficient? How will these taxes be redistributed and with what purpose?
You stated that once the presale ends, a trading pair will be created on Pancake Swap and Sphynx Swap for investors to trade. The public sale will have no discounts whatsoever. Why is it that the public sale will be made without discounts?
Since Sphynx is currently launching on the binance smart chain and has the prospects of expanding in the near future, what other smart chains do you anticipate?
They are offering a platform with a simple and easy to use navigation. My question is: how to start in Sphynx Swap from scratch since I am new, what is the best recommendation that you can offer? Can you explain us how to buy and which currency should I buy to start? What is the minimum investment amount, should I invest in the SPHYNX token? If so, what is the function of the token on the platform? At this moment, what is the value of the SPHYNX token, where can I buy it, what would be the best way to use the token, to get the most out of it? can you give us more details of these functions
Are there possible risks expected when trading on Sphynx? If any, how can they be managed?
Sphynx in its phase 3 has established the launch of Sphynx Lottery, I would like to know how advanced is this product, if they already have an estimated date for its launch, if they plan to audit the lottery and I would like to know, how they will demonstrate to their users that their lottery will be totally transparent, fair and free of manipulation?
I have read that the migration of liquidity from $SPHYNX to #SphynxSwap was delayed until Friday, October 8, 2021, in order to give everyone more time to navigate and familiarize themselves with your platform, but how does this delay really benefit the users, how do you guarantee that in that time, you will not be the only ones benefiting? I would also like to know once the migration is done, how will you guarantee a good flow of liquidity, what will be your strategies for the holders to keep the $SPHYNX token, that is to say, what benefits will you offer to those who participate by providing liquidity?
Greetings, Sphynx, what makes your project different from other similar platforms that already exist, what is the objective and what solutions do you offer for trade, participation and tenure? What function does papyrus cards allow me and why did I choose to use the Binance smart chain? How secure is your wallet, what is the response capacity when transactions or system failures due to network collapses? Are our tokens safe if the system fails? What security system do you use to protect our tokens in the event of a cyber attack? You can offer us more details on these points.
Sphynx Sawp, has a wallet, would you like to know if there is an application of this wallet and if so, can we find it in systems such as ANDROID and IOS? or can we only access from a PC? that allows me to swap it, can I access the native Sphynx LP, without leaving the platform? Is it possible also from Sphynx, to access other LP’s located in other swaps? can you explain these functions that Sphynx Swap allows us. Thanks
In phase two of your roadmap I see that you plan to launch the first cross-chain network launch, many blockchain networks are currently really useful to save on fees and increase the scalability of the project such as Matic, Solana, Cardano … with which ones is you team thinking to create a connection? And what benefits do you expect to get from these bridges?
Sphynx will be using a MINTING function that only the owners will be able to call it. But could you explain to us how can an user acquire this type of rights over staking and farming? Do you need to become a holder? Why would this minting function be useful?
At the end of the Phase 1 of your roadmap,you plan to launch a Sphynx Papyrus (Charts),Sphynx Nile (Staking Pools) and Sphynx Pyramid (Farming). So,can you share an overview about your Charts,Staking Pools and Farming in your platform? What will be the distinguishing and special features of Sphynx Charts,Staking Pools and Farming? Does your charts only covers about Sphynx token status of chart or you plan to add other token to be listed in Sphynx chart in the future? With regards to your staking and farming,what is the expected APY we can earn from it? Lastly,why do you call Papyrus for your chart,Nile for Staking Pools and Pyramid for farming? What is the significance of those name? Thank you!
I found out that Sphynx will be having a Lottery & Predictions features soon to be deployed in your network. So,can you give us an overview about this Lottery and Prediction? What will be the mechanism of your Lottery and Prediction? What will be the prizes and rewards of your Lottery? How would your Prediction services will bring a good opportunity to earn with your users and investors? How much possibility can anyone earn with your Prediction market? Thank you!