We are pleased to announce our next AMA on July 18th, 2022 at 01:00 PM UTC Time: Satoshi Club x MetalSwap
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join MetalSwap Telegram group
👉 Join Satoshi Club Discord server
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. MetalSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about MetalSwap
For more details:
MetalSwap Website – metalswap.finance
MetalSwap Telegram – @metalswap
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello MetalSwap Finance – could you please elaborate to us how MetalSwap Finance platform provides coverage to those who work with commodities in its ecosystem as its VISION, and how many asset do we have to which liquidity pools will be created in its CIRCULAR ECONOMY structure/feature in giving back to the liquidity provider generous share of the fees, and how much fees is charged on users for opening and closing swap positions ? Please tell us
It caught my attention reading through your website to know that MetalSwap TestNet Phase 3 is live, could you please give us a sneak peek of the MetalSwap TestNet Phase 3, and being a TestNet, when will the Mainnet be available to the public? Could you please outline your roadmap for us ? Lastly, if I’m correct $XMT and $XMT3 seems to be the two Tokens of the MetalSwap Finance ecosystem, could you please elaborate to us what each Token stands for in MetalSwap Finance and what is the use case of each Token ?
In MetalSwap, Smart Pool will involve two different time periods: the first is about the time during which the tokens are “Locked”, just like all the other MetalSwap‘s pools. The second is about the time during which the tokens are “Unlocked with gradual and daily release”. could you please elaborate more on the two time periods? What is the duration of time the token must be locked before the release period? Can a user unlock his token before the release period?
MetalSwap, through governance tokens, allows project participants to design the future of the project. XMT Tokens are used to make new proposals and/or vote on proposals that have been made. can you elaborate more on how the governance system works? You also mentioned that the voting power depends on the amount of tokens held, staked and delegated. Can you tell us the mechanism set in place to ensure that a single investors or group of people do not have excessive power, so that smaller investors can also have a say? How can an interested user get the governance token $XMT?
I learnt that Fees distribution are classified into two different categories, which are: Swap fee and the penalties Fee. Can you explain the difference between the two categories of Fee distribution? How are the fees use for the development of the platform? What are the things a user will do that can get him penalised? Is the fee a constant charge or it all depends on the offence commited?
According to your reward system, there are three options to receive incentives, liquidity pool, staking pool and buy-back system. Please give a brief explanation on each option. What are the requirements to participate in these activities? Compared to the same options on similar platforms, are there any differences and unique features related to these three methods on MetalSwap? What is the best option in terms of the rewards and the risks? Do you distribute rewards with the governance token itself or has the MetalSwap platform created a separate reward token? If I participate in all three activities, do I receive rewards separately? Do you have any plans to expand your reward system in the future by introducing more options?
From the total supply of $XMT, you have allocated 1% for the seed round, 4% for the private round, 10% for strategic investors, and 15% for the public sale. Which parties can participate in each sale? What are your fund raising targets related to these sales? When other platforms allocate greater portions for private sales, why did you reserve the greatest allocation for the public sale? Are there any stages in the public sale? If yes, please elaborate on the features related to those stages. There must be a different vesting schedule for each sale. Please give a brief explanation about those vesting plans and let us know what we should consider when choosing a sale to purchase $XMT. What is the gap between the token value in the first sale and the estimated listing value?
I noted that the phase 3 of MetalSwap’s TestNet is currently open with a great brand-new make-up. To participate in your Testnet, users will need to haveKovan ETH, MetalSwap’s USDTtest & WBTCTest. I have not participated in the previous testnets but I’ll like to participate in this one, Can you provide more information about your past testnets? What changes have you made so far? Are there new features integrated in the newer version of the testnet? Is it already too late to join this phase of testnet? How can we get the tokens needed to participate in the testnet? How much of each tokens is needed to participate in the testnet? When will this phase of the testnet end? Will there be other testnet events in the future?
I care about the future of a project, and I understand that the METALSWAP team have integrated the a decision-making body(DAO) which has the $XMT as it’s governance token. Can you give us more information on how your DAO works? How can one be a member of the METALSWAP DAO? What are the benefits of being a member of the DAO? Also, I noticed that votes has a weight directly proportional to the number of governance tokens and to make a new proposal, a minimum threshold of governance tokens will be required. What plans do you have in order not to make decision making one sided? What is the minimum threshold of $XMT a user needs to make a proposal? What kinds of changes are the DAO members allowed to vote for? How long does a proposal take to be implemented?
I noted that the fee distribution are classified into two different categories; The SWAP FEE and The Penalties fees. The Swap Fee, generated by the execution of a swap and composed of Period Fee and Settlement Fee. Can you give us more information on the swap fee? Are there fixed fees or it is determined by the amount of swapped tokens? What are the PERIOD FEE and the SETTLEMENT FEE? What are their percentages in each transaction? Can you tell us more on the penalties fees? What are the kind of things that bring about paying penalties fee?
Describing about the reasons to choose Ethereum, you have stated that the Ethereum Virtual Machine (EVM) allows the developed code to be easily implemented to other protocols and blockchain. Moreover, you have highlighted Ethereum blockchain as the most proven reliable option in terms of security. Did you only consider the convenience and the reliability when choosing Ethereum as the blockchain? What about the high cost on Ethereum? Do you have any plans to lower the costs or should users bear those expenses? Are you planning to expand MetalSwap to other chains in the future? If yes, will you think about a cheaper option such as BSC?
Hello MetalSwap team. I read that within MetalSwap Finance holders of governance tokens can express their opinion on the worthiness of the proposals. You emphasized that the vote has a weight directly proportional to the number of governance tokens held in the owner’s wallet. Do you think this model is fair for all users? How much is the minimum amount of tokens required to start having voting power within the MetalSwap platform? Can you please explain the reasons why you decided on this model instead of dividing the voting power equally among all users regardless of the number of tokens they own? Thank you.
Hello, Metalswap team!
I really do admire the general idea of the Metalswap platform. Well-done with this great innovation that you have brought into DeFi.
May 23rd, 2022, you made an announcement that Metalswap will be introducing it’s first ever NFT collection (Alpha Club NFTs) but you had stated that only 300 alpha club NFTs were available and each will cost about 50k $XMT tokens. What is the heart of your NFTs? On what utilities have you based these NFTs? Considering the very limited supply of these NFTs, are there any chances that I can still buy these NFTs or has it been sold out? I’d like to know about the various advantages that holders of the Alpha Club NFTs will be opened to; with these NFTs, are there any chances to boost my rewards over the Metalswap platform? On what chains are these NFTs deployed? Will there be release of another collection of NFTs since only a limited number of persons will be able to purchase the Alpha Club NFTs? If yes, when should we expect the release of another collection?
Hello, Metalswap team!
I really do admire the general idea of the Metalswap platform. Well-done with this great innovation that you have brought into DeFi.
At the moment, financial swaps are the most widely used insurance tool for large scale exchanges of raw materials such as metals, but everything takes place on centralized markets that require “financial hedge and bank credit lines that are not always accessible to all” and with “restrictive” bureaucratic times. I am not cool with this because I love DeFi and as such, I’d love everything to be decentralized. So I was wondering, how will the concept of economic incentive, given by the distribution of the governance token ($XMT) help in revolutionizing and decentralizing financial swaps? Will your smart contracts allow for execution of swaps without the need of intermediaries, at reduced cost and without time restrictions?
Hello, Metalswap team!
I really do admire the general idea of the Metalswap platform. Well-done with this great innovation that you have brought into DeFi.
During my course of research, on your website I had noted that Metalswap pinpointed some drawbacks faced by the CeFi system of financial swaps and this includes; High Cost, Trust, Monopoly, Need for Bank coverage and lastly, access to Hedges is allowed only in specific time intervals. I’m curious to know how Metalswap is aimed at addressing and providing a credible and long lasting solution to these problems: How do you aim to Minimize Cost, Create a Trustless and Decentralized system, Eliminate the need for Bank coverage and also provide a 24/7 opened market? How does Metalswap work in contrast and of advantages to traditional commodity swaps?
And most smart contracts are vulnerable to hacking due to flaws in contract design. These flaws cannot be corrected once the smart contract is stored on a blockchain. It is because there is no way to alter or change the data in the
While reading through your project,I found out that Metalswap protocol aims at decentralizing swap operations through the use of smart contracts running on the Ethereum visual machine.Smart contracts caught my attention,due to the fact that it facilitates transaction.And in most cases smart contracts are vulnerable to hacking due to flaws in contract design. These flaws cannot be corrected once the smart contract is stored on a blockchain. because there is no way to alter or change the data in the blockchain.judging from this, how will your team ensure that flaws do not occur ? please explain.
While researching about the mechanism of MetalSwap, I noticed that your oracles integrated in the decentralized liquidity pools will assure fair market prices. Currently, oracles are available on plenty of similar platforms. I would like to know whether the mechanism of your oracles is similar to what is offered on other platforms. Do your oracles have own features that are unavailable in other projects? Please briefly explain how they assure fair market prices. In addition to this task, do your oracles have more responsibilities? Apart from introducing oracles, what kind of steps you have taken to assure fair market prices?
In MetalSwap there is no need for an intermediary, and it is entirely based on blockchain technology through the use of smart contracts. It is clear that this step minimizes the costs. Did you create this model just to minimize the costs? Or else, are there any other advantages too? In addition to this model, have you introduced any mechanisms to lower the costs for MetalSwap users? When the project is entirely based on blockchain technology through the use of smart contracts, are there any disadvantages for users despite the low cost? Are you the first project to follow this model with the intention of minimizing the costs?
You have allocated a portion of 23% from the total supply of $XMT for rewards and the community. Please elaborate more on the utilities of this allocation. What are the reward types and community events available on MetalSwap? Although you have described about vesting plans for some other allocations, I could not find any vesting schedule for this allocation. Are you planning to release the rewards at once? If yes, how do you encourage users to hold $XMT rather than selling their rewards? What are you plans to ensure the value of $XMT when rewards are distributed. Please let us know why didn’t you think about creating a separate reward token to avoid this issue.
According to what I have read, the MetalSwap DAO was implemented in the Ethereum network, but there was a problem, due to the high gas costs that this network faces, many people did not participate in the voting process, so, to solve that problem, you decided to implement the DAO also in Polygon. But for what reasons (besides low fees) did you decide to implement it on Polygon? Why not implement it on the BNB Chain? From your own perspective, what are the advantages of Polygon? Do you plan to implement it soon in the BNB Chain as well?
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
After the fall of LUNA, people began to doubt the stablecoins and withdraw money from them. How are you going to encourage people to buy MetalSwap instead of other currencies and ensure that this will not happen again?
Can you share MetalSwap’s media links so we can keep ourselves updated?
Every successful project has a few stories behind the scenes, what’s the story behind MetalSwap’s success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming MetalSwap updates that you want to share with us?
What are the highlights of MetalSwap technology and products that you believe will help you succeed? How revenue does MetalSwap generate to sustain the project, and what plans do you have to attract more users in the future?
As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the MetalSwap platfrom? How to ensure the safety of customer assets?
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is MetalSwap also like this? If not can u tell us, What makes MetalSwap different from other projects?
Can you list killer features of MetalSwap that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold MetalSwap token in long term?
Can anonymous transactions be performed on the MetalSwap network to hide transaction details to help protect the confidentiality of user information and tokens?
Is MetalSwap a safe and reliable platform for investors? What value does MetalSwap bring to investors as well as the blockchain community?
What is your background and how did you come to the idea to create MetalSwap project? Why did you choose the name MetalSwap? Does it have special meaning and is there any story behind this name?
Current NFT is a hot topic, but are NFT not just for art. Does MetalSwap think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
How is MetalSwap development going? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?
Liquidity, Transaction fees and slippage are always important factors in Finance services. How does MetalSwap solve the above problem to attract users?
How profitable is MetalSwap to sustain MetalSwap? What is your business model? How can you bring mutual benefits for both your investor and MetalSwap?
Could you please share with the community more information about the MetalSwap project?
Community is the key to success of any projects. What is MetalSwap community expansion plan and what are your areas of priority?
How secure is MetalSwap? How has MetalSwap developed technology and security to build MetalSwap into a truly secure and reliable platform?
How is MetalSwap developing? How do you retain users and attract new users to your platform? What is the most unique thing MetalSwap brings to the blockchain community? How is it better than other platforms?
How does MetalSwap get profit? What are the features that distinguish MetalSwap from other similar applications?
Are you a global project or local project? At present, which market is MetalSwap focus on, or is it focused on building and growing to gain customers, users and partners?
I read that $XMT are used to make new proposals and/or vote on proposals that have been made and a minimum threshold of governance tokens will be required to make a new proposal whereas the voting power depends on the amount of tokens held, staked or delegated. Can you provide the exact number of tokens that is needed to make new proposals and to vote on existing proposals? If I unstake my holdings after making a new proposal, will it get cancelled? What are the other governance rights that $XMT holders get in addition to making proposals and voting?
I am curious to know more information about the allocation for the Treasury. What are the usecases of that 25% allocation? Does it act as a reserve that will be utilized in unforseen situations? Since 25% is not a negligible allocation, please let us know who are in-charge of the Treasury funds. What are your plans to maintain the transparency of the transactions from the Treasury funds?
MetalSwap solves Bank Coverage issue with a shared liquidity pool system, where each participant is rewarded for their contribution through the provision of project governance tokens, $XMT. Please elaborate more on this procedure. How does this step solve the Bank Coverage issue? Are you the first platform to introduce this method to solve this problem? How do you calculate the reward amount for each participant? How can I increase my share?
When exploring the features and tools of test.metalswap, I found an alert on my phone screen: “The web app cannot be run from mobile devices.
Please use a desktop browser”.
Do you plan to release a mobile version of the Metalswap application, which in my opinion would be much more convenient and more in demand?
Despite the fact that not all functions were available to me for viewing in a mobile browser, I paid attention to the Staking NFT tab. Which NFTs will users be able to use as a stake? Do they need to have certain NFTs and how can they get them? What pools are designed for Staking NFTs and what are the rewards for each?
MetalSwap has an XMT token and an XMTT3 token. XMT is a governance token. And what are the functions of the XMTT3 token, what is its use in the MetalSwap ecosystem? How are these 2 tokens related to each other and what are their differences? Does MetalSwap have other tokens besides XMT and XMTT3 or is there a release planned in the future?
Partnership is always an important factor for every project. So who is MetalSwap partner? What are the benefits you get from those relationships?
Liquidity, Transaction fees and slippage are always important factors in Finance services. How does MetalSwap solve the above problem to attract users?
MetalSwap is a decentralized platform that allows you to hedge swaps in financial markets and was created to find a solution to the centralization of financial hedging on metal commodities. MetalSwap’s competitors include CURVE, AAVE, ANCHOR, VENUS, SUNSWAP, OSMOSIS, TERRASWAP and many other well-known and easy-to-use platforms. What is the difference and advantage of MetalSwap over its competitors? What tools and features might MetalSwap users come across that might not be available on other similar platforms?
I read that Metalswap allows its users to participate in governance rights through its governance token $XMT. And XMT Tokens are used to make new proposals and/or vote on proposals that havebeen made. Can you tell us about your governance mechanisms and how it works? On what rights can token holders vote on? You mentioned that Voting power depends on the amount of tokens held, What is the minimum token holders can have in their wallet to be part of the Governance system and voting rights What are the ways holders can increase their token and have more voting power?
I read that MetalSwap was created to find a solution to the centralisation of financial hedging on metal commodities. Please tell us about the major drawbacks you’ve identified in current Centralized systems and the possible solutions you’ve come up with to achieve your major goal? What are some of your major achievements since this project was created, in a bid to achieve your goals, have you encountered any challenges so far and how were you able to overcome challenges? What security measure have you deployed to ensure that your project is credible and reliable, any Audit certificates yet?
Your recently introduced the first Metalswap NFT collection: ALPHA CLUB, and I couldn’t find much details about your NFT collections, Can you tell us more about your NFT? What are the unique features, functions and utilities of this NFT collections? What is the total supply and how can we get this NFT collections? You did mention that, NFT holders can stake their NFTs for buy backs of $XMT tokens, can you tell us how more about this staking feature and how it works? Thank you
A few days ago you shared with the entire community the excellent news that phase 3 of MetalSwap’s TestNet was now open. Can you please explain the requirements that we must meet in order to participate in your Testnet? What are the rules to participate? Is this Testnet open to all users who wish to participate or are users selected through a whitelist? Will users who participate receive any reward?
How does metalswap protocol intend to archive their aim at decentralizing the swap operations through the use of smart contracts that runs from Ethereum virtual machine, and also is it just only Ethereum or do they intend to expand it to other smart contract cryptocurrencies like solana, polkadot, ergo etc.To what extent ( in percent) is the Cost being minimized being one of the benefits of metal swap and is it steady or does it fluctuates . I will equally like to know one things that makes metalswap more unique than other platforms that allow swap on financial market
From the total supply of $XMT, there is an allocation of 1% for the seed sale, 4% for the private round and 15% for the public sale. Further, you have allocated 10% for strategic investors. Please briefly explain about the eligible criteria to participate and the vesting schedule in each sale. What are the procedures of purchasing tokens from those sales? Is KYC compulsory for all of them? What are the estimated dates for each sale? In addition to purchasing $XMT from these sales, are there any methods to earn the token free before it get listed on an exchange?
There are two types of penalty fees on your protocol, the exit fee and the swap fee. I read that the exit fee is generated when exiting the pool before maturity whereas the swap fee is related to the early termination of a swap contract. What is the percentage of each fee? What is your staus when compared to penalty fees on similar platforms? Do you charge a lower fee? Do you offer any chances to skip these fees when exiting the pool before maturity and terminating a swap contract early? Shouldn’t I pay any kind of fee if I do not perform these two actions when using MetalSwap?
It caught my attention that $XMT will be initially distributed to early users of the protocol via swap incentives, liquidity incentives, AMM, test-related incentives, and Bug Hunting campaigns. Who are considered “early users”? Should we purchase a certain amount of $XMT to be an early user? Have you already identified early users or can I still follow the eligibility criteria to be an early bird? Can you give brief descriptions on aforementioned events? Are they currently running? In addition to these financial rewards, do you offer any privileges to early users such as early accesses to some events?
Greetings, Metalswap Team.
One issue that I identified with the current commodity supply system is excessive price volatility; excessive volatility is detrimental to proper planning and prevents from securing a determined profit. To overcome the inconvenience, financial hedge is required, but this can take hours, if not days. As market prices move quickly, even a few hours of latency can represent a significant loss of profit (not to mention if the hedge arrives after several days as it often happens in this sector). We all know about the saying “Money is Time”. I see that one of Metalswap aim is to provide a solution to this problem. How do you intend to offer a solution to this problem of excessive price volatility faced by the current commodity supply system so as to save time and ensure maximum profit for all parties involved in the system?
Thanks in advance!
In one of the articles posted by Metal Swap I read the following “Freeze $XMT on Ethereum to be eligible for NFTs that will be officially released during Q4 on Polygon!” That got my attention. Are there still positions available to be eligible for those NFTs? Will the value of those NFT’s correspond to the $XMT that each user has? In what month of the fourth quarter do you plan to release those NFTs? Will 1 NFT be distributed per user or can the amount vary?
The $XMT token is central to the project’s cost model. What other utilities does the $XMT token have within the MetalSwap ecosystem asides governance and commodity trading?
Where can i currently buy these tokens? What are the benefits of hodling the $XMT tokens over the long run?
About the governance, i would like to know the current stage of development of the DAO model. I know the DAO model will enable users to vote on the amount of $XMT tokens to buy back and further chains to expand to so I’d like to know the minimum amount of $XMT tokens that must be held to participate in the governance?
Greetings, Metalswap Team.
I looked around your whitepaper and you had mentioned about one of the major problems of the current commodity supply system which is “Erosion in Profit Margin”: Due to persistent demand for purchasing efficiency
improvements, commodity consumers put pressure on their producers in order to have an
always more competitive price, this constant pressure reduces producers’
profits. Unlike the traditional commodity supply system, I believe that the system that Metalswap aims to introduce will be crypto based and tokenised; How will the Metalswap platform solve the problem associated with Erosion in Profit Margin so as to pose more benefits for the producers as well as consumers in the system? What features allows your platform to solve this problem?
Greetings, Metalswap Team.
I looked around your whitepaper and you had mentioned about one of the major problems of the current commodity supply system which is “Erosion in Profit Margin”: Due to persistent demand for purchasing efficiency improvements, commodity consumers put pressure on their producers in order to have an
always more competitive price, this constant pressure reduces producers’ profits. Unlike the traditional commodity supply system, I believe that the system that Metalswap aims to introduce will be crypto based and tokenised; How will the Metalswap platform solve the problem associated with Erosion in Profit Margin so as to pose more benefits for the producers as well as consumers in the system? What features allows your platform to solve this problem?
According to what I’ve read,the ALPHACLUB NFT will be distributed on the Matic chain by Q4. Why choose the Matic chain over the BSC and ETH?
Regarding your NFTs, Could you elaborate on the benefits of these NFTs within the project? Do they have any additional benefits or are they just designed to be kept as basic collectibles? Will you also have a marketplace where people can purchase and trade your NFTs?
How will you combat NFT inflation?
Will early whitelist access to these NFTs be possible? Will $XMT token be used to support these NFTs?
Will there be a staking option for the ALPHACLUB NFT as well?
Thank you.
Congratulations on the successful integration of $XMT into the Polygon, BSC, and Ethereum networks, as well as the bridge that enables cross-network trading.
Why did you specifically chose these blockchains?
Do they benefit the MetalSwapNet project in any way?
Would you please let me know if you have any plans to eventually expand to other EVM blockchains?
What is the minimum and maximum APY percent for staking assets on Iron Pool?
Is it also fixed, or can it change based on how many stakers there are?
Does staking have a minimum or maximum token cap?
The MetalSwap testnet V3 is currently live on theKovan’s testnet and is an opportunity to earn real $XMT tokens. To participate in your Testnet, users will need to have Kovan ETH, MetalSwap’s USDTtest & WBTCTest.
Can you share with us some details on the results of the previous testnets? What inspired you to launch another testnet after the first two? What new features were added to this current testnet?
When do you plan to launch the mainnet?
Lastly could you kindly share with the community the procedures to get started on this testnet?
I read that you have allocated 23% of your total supply for rewards. MetalSwap rewards system is one in which users are given rewards for participating in liquidity pool, staking pool or buy back system. How is the staking reward distribution calculated and allocated to users? What are the requirements to participate in the reward activities? Voting power depends on the amount of tokens held, staked or delegated. What is the minimum token a holder must have to take part in voting? How can token holders increase their voting power and number of tokens?
I noted that MetalSwap fees distribution are categorised into two different categories namely: Swap fee and penalties fee. Please you elaborate more on each of the type of fees? What are their major differences? What kind of acts are associated with the penalties fee? Do you have a fixed price for the two categories of fees or does it vary with respect to the offence that was carried out?
On your website you comment that “The MetalSwap protocol aims to decentralize exchange operations through the use of smart contracts running on the Ethereum virtual machine.” With this in mind I would like to ask: Why have you decided to work with the Ethereum network instead of using one of the other very efficient blockchains that exist today on the market? Aren’t the high transaction rates on the ETH network a problem for your platform?
Thank you!
While going through your platform, i go to notice that MetalSwap introduced the first NFT MetalSwap Collection which was created by ALPHA CLUB. I would like to get a comprehensive Knowledge about the ALPHA CLUB, i learnt that there are only 300 of the NFTs available, can you please tell us about the utilities and functions of these Alpha Club NFTs in your ecosystem? How does Having an Alpha club NFT be of Benefit to it owners? How expensive or Affordable is these NFTs in your platform? Are they still available to the Public? How can we possibly obtain these NFTs? And can a user obtain more than one NFT in your platform? Thanks.
You comment that the oracles embedded in MetalSwap’s decentralized liquidity pools will ensure fair market prices. Have these oracles been systems designed by yourselves on your platform for this purpose, or have you contracted oracles from external companies, such as Chainlink or others, in order to be able to offer this advantage to your users?
Thank you!
I happen to be more interested in Your Staking program, as we all know that the primary benefit of staking is that you earn more crypto, and interest rates can be very generous. Finding out that MetalSwap has Its own Various pools of Stalking programs which are STACK POOLS of $XMT, SMART POOL, STAKING POOLS, and IRON POOLS, i would like you to give clear elaborations on each of these pools, how are they used in your ecosystem? And which of the pools would you recommend for Individuals who are interested in making passive income while Staking? Is there any minimum amount of staking before using any of the staking pools? How high is their respective APRs?
The DAO is the decision-making body of the MetalSwap project, which is great, because democratic systems always benefit projects and empower their users. Are there any requirements that must be met to be able to participate in your DAO? Are there distinctions or different levels of “voting power” within the MetalSwap DAO users, or does each and every user have the same weight within the decisions that are made within your platform?
Thank you!
From what I’ve gathered so far about the MetalSwap project you are the only protocol that has the drive to solve the problem of commodity volatility in DeFi and I don’t think you have any competitors currently(please correct me if I’m wrong). Do you currently have any partners?
At MetalSwap, it is planned to create a “synthetic token” that accurately reproduces the performance of real commodities in metals and commodities on the market. What immediate financial benefits does it offer users and investors then? What advantages are there, too?
MetalSwap will also eliminate the need for middlemen and time restrictions while lowering costs and enabling decentralized commodity trading.
Exactly what commodities can I buy and sell on MetalSwap? What benefits come with trading on MetalSwap? Can these commodities be bought from anywhere around the globe using your platform?
While researching the MetalSwap project I noticed that you have an NFT MetalSwap Collection created by ALPHA CLUB and you say that there will be new types of NFTs to this collection that have never been seen before in DeFi. So, why did you choose “ALPHA CLUB NFT” for the NFT MetalSwap Collection? I read that you will deploy ALPHACLUB NFTs in the “MATIC chain to represent a frozen Liquidity over ETH”, why did you choose the MATIC chain? Could you inform a user or investor about the benefits and functions of NFT MetalSwap collection?
What features of MetalSwap technology and products do you think will be most beneficial to your success? How much money does MetalSwap make to support the project, and what future goals do you have to entice more users? What distinguishing feature of your platform do you feel most sure about?
You stressed that the vote’s weight is directly correlated with the quantity of governance tokens that the owner owns in his or her wallet. Do you believe this system is equitable for all users? How many tokens must a user have in order to begin exercising voting rights on the MetalSwap platform? Would you kindly elaborate on the factors that led you to choose this voting system as opposed to one that distributed the voting power equally among all users, regardless of how many tokens they owned?
If my understanding of $XMT and $XMT3 is true, then you could please explain to us what each Token means in the MetalSwap Finance ecosystem and what each Token’s use case is.
I realized that one of the missions of the MetalSwap protocol is to centralize swap transactions using smart Contracts. So how do you go about the privacy and security of your investors, how important is the security factor for MetalSwap? Up to Mainnet Does MetalSwap have an audit plan for maximum efficiency or do you establish security related partnerships? Finally, I saw that you have published Testnet V3, can you give us some information on how we can participate?
I noticed that MetalSwap is on 3 different chains and these are ETH, BNB and MATIC. So why did you choose ETH, BNB and MATIC, does your DAO have the authority to take such decisions? Can you talk about the requirements to bid or have a say in the management of MetalSwap? If you have a plan to add different chains in the future, how will you decide on the selection of these chains and if there is a planned addition, which chain will be this?
Greetings!!!
After reading through your documents I can see that MetalSwap goal is to become a key player in the finance sector this 2022 and more years ahead.So my question is do you think that by allowing decentralized commodity,reduction of swap costs and no time limitations etc the balance of supply and demands for metals will improve?And for a more accurate swaps between assets,how will you ensure that their is a better latency in feeds of prices to avoid multiple failure probabilities like hacks,manipulation?Can you tell us what lies ahead for MetalSwap this year 2022 and the next? Thanks
I read that you stated that MetalSwap will be used for commodity swaps and not for trading and will provide DeFi insurance for commodity swaps on digital assets. So how does MetalSwap plan to offer insurance coverage, why does MetalSwap enable decentralized commodity trading? Why does MetalSwap solve the problems that are being solved in Central systems, are there any solutions or alternatives that MetalSwap provides for DeFi?
Considering we have a lot of projects like yours out there,what distinguishes Metalswap for others?why should we consider Metalswap among many others?what are your plans to attract active users?Is your interface user-friendly?
Many projects have problems with UI / UX and this one turns off new users. How do Metalswap plan to improve the interaction with new users and with users outside the crypto space?
Greetings!!!
I read that MetalSwap envisaged in creating synthetic tokens that can accurately reproduce the performance of real commodities in the metal and commodities markets.So will it be stablecoins, derivatives or stock tokens?When will this feature be released?And do you think that by creating synthetic tokens you will be able to the meet the needs of users on your platform?And when this new synthetic tokens emerges on MetalSwap will it allow traders maximum flexibility and cheaper gas fees?And what model will you use for the synthetic tokens that can have a profound effect on it?Thanks
While researching MetalSwap I noticed that your Swap feature is unbeatable and you are the first in the market to offer your ”hedge commodity swap” feature. So, can you talk about the main factors and your adaptation that encouraged MetalSwap’s revolutionary features in decentralized finance, especially in tackling the commodity volatility issue? Will MetalSwap continue to lead the way in the current CeFi market, or if you have plans to break new ground in the CeFi market, could you share them with us?
Greetings!!!
Indeed I will say MetalSwap have put in lots of work in it’s infrastructure.So can you tell us the challenges you faced while during your ecosystem and how were you able to scale through to provider investors the solutions they need?And what features have established that will help you adjust perfectly to the changing conditions of the industry?And what elements have you included in your ecosystem that users can find anywhere?And do you think MetalSwap have competitors when compare to what you offer?Thanks
As you mention on your website, MetalSwap rewards investors who believe in the project. Please expand on this. Which actions are rewarded by MetalSwap? What are the requirements to be elegible for these rewards?
A couple months ago you announced the first MetalSwap NFT collection Alpha Club. Can you tell us more about this collection and what are their special advantages within the MetalSwap platform? And do they also have real life utilities?
Because the high gas prices of Ethereum I’ve grown accustomed to using BSC, so I’m really interested in the BNB Smat Pools of MetalSwap. Can you specify the details of these pools, such as time periods, how much can we expect to earn and how to withdraw our earnings?
Can you talk about what kind of technology MetalSwap protocol uses to decentralize the financial world and to combine swap and commodity swapping in traditional finance? Are the commodity swap conditions suitable for the DeFi universe, how long did it take your team to create the necessary conditions for the commodity swap market that MetalSwap wants to create, would you tell? What are the biggest differences and incompatibilities between SWAP and COMMODITY swap?
I haerd that MetalSwap Platform released their own NFTs called Alpha Club NFTs. Please provide more details upon that topic? How many NFTs are there available? In what we can own one of them, Can users Buy them directly through Metalswap website or Secondary Market places like Opensea, Rarible? However, When we talking about NFTs & NFT Collection, a few of matters should be considered such as Utilities, Real world benifits, Scarcity, Rarity & ownership history. How about the Metalswap Alpha Club NFTs in this matter? Please elaborate their real world benifits & What kind of extra benefits that NFT owners will privilege?
I realized that the main fundraising events of MetalSwap are 1%-Seed round, 4%- Private Round & 10%- Public Sale. Could you please share more details with us about the seed round & Private round? Have you successfully funded from Seed & Private round? However, I know that The public round have not started yet. So, When will tha public round will take place within MetalSwal Ecosystem? Do we have to follow KYC to be whitelisted? How many maximum amount of tokens will you allocate per one user and Which currencies can participants use to buy $XMT tokens in Public round? Alos tell us about the Vesting schedule of public round?
I found that metal swap works with both cryptocurrencies and synthetic assets, but how many different forms of synthetic assets can you support? merely metals?
Can you explain to us why using metal Swap is better than using traditional centralized options? According to what I’ve read, Meta switch is an improvement over conventional CeFi systems.
The $XMT coin is currently available on #MATIC and is bundled with USDC on Uniswap, according to recent information from #MetalSwap. What elements did you take into account before deciding to add Polygon to your platform? What impact will this have on the $XMT market and liquidity?
MetalSwap also has DAO, which bases the project on the neighborhood. How can we participate in the governance of the DAO? And how does MetalSwap’s decision-making relate to the DAO?
No project can be successful without a blueprint and access to real-world resources. Could you explain the problems your project is aiming to solve?
When will XMT be listed on CEX? The subtext suggested at something about them appearing in the important global CEXs. So, is it correct? Which CEX do you see yourself taking part in, if any?
❤️Can you tell us if you have thought about using deflationary methods to increase demand? All projects need to ensure a strong demand and token price to draw larger investors.
❤️According to what I’ve read, NFT creators can utilize Metalswap to their advantage and use it to shield themselves from Ethereum’s ongoing volatility. What services do you provide for artists to safeguard themselves against market and Ethereum volatility?
❤️What project-related updates are provided to users? Exist any systems, like local communities, where consumers may obtain the most recent news?
Where can I buy your project’s tokens? Will there be a program where users may purchase tokens?
Why did you decide that the Ethereum ecosystem would be the most appropriate setting for the MetalSwap protocol, which aims to decentralize exchange operations using smart contracts running on Ethereum virtual machines, and why did you not believe that the BSC or Solana ecosystems would be more effective and less expensive?
I see that you’ve set up an absolutely fantastic technique to obtain NFT. But how will #MetalSwapNet be able to maintain the supply and demand of NFTs in balance to avoid these problems, considering that overproducing these assets leads to their devaluation and the collapse of the market?
⚡️ One of the features of MetalSwap is going to make possible the financial transaction between two assets through a ‘decentralized IT structure’ that is, of course, based on Blockchain technology. What is this ‘IT structure’ about, what novelties does it bring to the decentralized finance?
I read on the web that MetalSwap is a decentralized platform that aims to provide enough liquidity to those who work with commodities or those that have never explored the field but see it as an investment opportunity. How is Metal swap providing this liquidity, can cook users be liquidity providers? What would be the benefits of it?
I read that the token $XMT is used to make proposals or vote on proposals that have been made and a minimum threshold of governance tokens will be required to make a new proposal whereas the voting power depends on the amount of tokens held, staked or delegated. I’ll like to know Can you provide the precise number of tokens that is required to make new proposals or to vote on existing proposals?
Most users are Mobile phone users so I’ll like to know is there a plan to make the mobile version of the Metalswap application, which would be much more conducive and very much in requested, and I also noticed the Staking NFT tab. Which NFTs will users be able to use as a stake? Agree there limits to the NFTs, and how can they get them? What are the pool designed for Staking NFTs and what are the rewards for them???
Out of curiosity, we know that Revenue is an essential and unavoidable aspect for all projects to survive and also to maintain the project. what are the way to generate revenue for the token? Also Token burns and token buy backs are strategies investors look forward to seeing in a project since it allows the regulations of the quantity of tokens in circulation while also providing better incentives to investors. Is there any plan in place for token burn.
Hello metalswap fam!
Metalswap Is indeed a good project with great potentials that offer much benefits to it’s investors such as staking pools,liquidity pools, swapping, buyback system and many more.
You have a total token supply of 2B,and this might devalue XMT value. Do you have any mechanism where XMT are been burn periodically? What do you intent to achieve by metalswap project? Can you share us your road map and lastly, do you have partners? If yes, who are they?
Hello Metalswap family!
You guys made mentioned beautiful benefits of using metalswap such as COST MINIMIZED, TRUSTED (no intermediaries), DECENTRALIZATION OF THE SYSTEM, NO NEED OF BANK COVERAGE AND MARKET OPENS 24/7. but as ann investor my mind is not at ease because my priority is missing, which is SECURITY, can tell investor’s how secured Metalswap is so that we can have courage to invest? What is your governance token? Is there a farming pool on the web app?
Hello metalswap family!
Community and partnership really helps in the development of a project and also adoption. How do metalswap rate it’s community members? Do we play role in the project development, does metalswap consider our suggestions and ideas or we are just a mere community members? Also can you tell us wether there is ambassadors program? Any partnership so far?
A DAO is a blockchain-based system that allows people to coordinate and govern themselves while mediated by a set of self-executing rules distributed on a public blockchain with decentralized governance. correct, but I would like to know how your MetalSwap DAO system works? What are the steps we must follow to participate in your DAO? Also, who can use your DAO on your platform? Do I require a minimum or maximum token to participate, if so, how much can I participate with? And finally, can I participate in your DAO system with different types of Wallets or is there any IP address limitation per user?
The MetalSwap protocol aims to decentralize swap operations through the use of smart contracts running on the Ethereun virtual machine. Can you give more details about how your Technological System works? How will you encourage investors to join and believe in this project? In addition, with so many platforms on the market such as UNISWAP and many more, what advantages and benefits can we obtain in MetalSwap that will make it unique from its competitors?
According to details, The system will have publicly accessible pooled liquidity with the governance token ($XMT), Can you give brief introduction about this?
What are the total supply of MetalSwap Token? Do you have any idea to burn the token? If it is ok how many token will you burn?
According to your token distribution chart, you will allocate 2% tokens for marketing. How do you distribute tokens to marketing? (eg using Airdrop, AMA or Giveaway)
I would like to know more About your DAO Governance System in MetaSwap, i learnt that MetaSwap would give its Community the chance of Making a proposal and also voting for the proposal to be implemented. Can you tell us more about how users can go about this? Tell us about your Governance token and how users can get them. Does everyone in your platform have the same Voting rights? Or our voting Power would depend on how much governance token we have? Since the creation of this MetalSwap, how many Proposals have the community voted on?
I learnt that your Testnet V3 is already Available, and that you have decided to create multiple use cases that can fully experience this new phase by guiding your own users in understanding the potential of the Hedging (Swap) tool. I would like to know if we can still participate in the Testnet as well. Do we get any incentives or benefits for participation? Where can we get involved with the Testnet? Is there any possibility that your Mainnet would be Released any time soon? When should we be expecting the Mainnet?.
Hello MetalSwap You say that our future is in your platform. but I would really like to know how safe our investments will be on your platform. And why should we trust their proposals? How trustworthy is your marketing team? since many proposals like your project start with good strategies but in the end it collapses halfway. How do you assure investors of long-term stability and permanence? Thank you
As been stated in your website that the future is MetalSwap in which we can create swaps on both crypto pairs and metal synthetic assets, become a liquidity provider in one of the numerous liquidity pools in your platform so could you tell us more about this metal synthetic assets? What are those assets that can be consider as metal synthetic assets? How would this assets become valuable and what would be the use of this assets in the market?Why would people must acquire this metal synthetic assets? Any advantages upon holding and keeping this metal synthetic assets? Does this assets can be tradeable and transferred outside your platform? As it said that this metal synthetic assets can be swaps with some crypto pairs,so how can this method be done with in your platform? Lastly,does this swapping between crypto pairs and metal synthetic assets is already existing in your platform or it can be expected only in the future? If not yet existing,when can we expect this swapping between crypto pairs and metal synthetic assets be live and realized in your platform? Thank you
Two of the advantages that can be expect when using MetalSwap are having a minimized costs and there is no need of bank coverage so as far as I know that you only have a minimized cost since there is no intermediaries needed while transacting in your platform so without intermediaries how secure the transaction with in Metalswap? Any pros and cons while having intermediaries? For users,how can we minimized cost if your platform is being built with Ethereum considering that they charges a higher gas fee? Does your platform tend to control the gas fee that can be charges in every transaction made with in Metal Swap? With out bank coverage,what system being launch in your platform to help ease the need of bank coverage for users? How does this system works? Thank you
Welcome to Satoshi Club, the Metalswap team.
Welcome to Satoshi Club, the Metalswap team.
A section of your whitepaper talks about a little more technical features about swaps. I understand that Ethereum smart contracts related to swaps are in charge of creating, monitoring and closing swaps by interacting with liquidity pools accordingly. In addition to this, you mentioned that for each swap, certain parameters are defined which includes: Swap type, Swap state, target size, cover, threshold, execution time and fee. Kindly give a brief description about each of the parameters mentioned above. What factors determines or affects the swap type, swap state, cover, target size, cover, threshold, execution time and fee within the Metalswap platform? Using these parameters as a base of comparison, why is it better for users to make use of Metalswap instead of traditional commodity swapping systems?
Welcome to Satoshi Club, the Metalswap team.
As I scrolled around your whitepaper paper, I saw a section that speaks about more technical features about swaps. You had mentioned that swaps has four possible states which includes; Active, Executed, Closed and Liquidates. I honestly haven’t known this until now. Can you clearly describe each swap state mentioned above? What is the difference between each swap state? what factors determines the time it takes to complete swap on Metalswap? Tell us how you aim to retain users on the Metalswap platform and also, what are your marketing strategies?
Metalswap is on testnet phase 3! My question is that. What is the main concept and what is the main purpose of the Metalswap exchange dex? If we give liquidity in swap and can the team will able to give us surety, liquidity will not in go loss , as in some swaps I used in past and face loss. If I’m wrong Let me correct.
How are you guys addressing the compliance issue with these regulated institutions, and how receptive have they been to your approach with the Metalswap exchange and this completely decentralized way of confirming executions
What are the realistic use cases for Metalswap? And Is management aware of the tax framework and implications?
Been following this project for a while and I know it has great prospects. From the developers view point, where do you see MetalSwap in the next two years and how will it affect the economy in the real world
Hello MetalSwap team, It is honor to ask question to you guys, Just want to know after testnet what are the things that you want to push?
What is your main goal for having testnets?
Good morning metalswap finance.
My question is that why do you feel we should have hope in the project. Aside what is written your roadmap and all,why makes you think we should trust and believe in your vision and all
I see a great value in the NFT staking feature that has been implemented by the Metalswap Team. Looking forward to the next years is it legit to imagine Metalswap covering any digital asset subject to volatility in the Metaverses? Thanks, great project