The total reward pool was 1000$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
\n\n\n\n
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n Mary |\nSatoshi Club:<\/strong> Hello, Satoshi Club! We are happy to announce our AMA\nsession with HawSwap! Welcome to Satoshi\nClub. @duslee<\/a> you are welcome 😀<\/p>\n\n\n\n Dust Lee: <\/strong>Hi\neveryone!Glad to meet you!<\/p>\n\n\n\n Mary |\nSatoshi Club:<\/strong> Hello, happy to see you here. How are you today? 😉<\/p>\n\n\n\n Dust Lee: <\/strong>Thanks,\ngreat, exciting to be with Satoshi club and tomorrow is one of the big date of\nHawswap.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Really? Could you please introduce yourself and tell us more about\nHawSwap project? And upcoming events, of course!<\/p>\n\n\n\n Dust Lee: <\/strong>Of\ncourse! HawSwap HAW is a capital efficient DeFi aggregation protocol, which you\ncan think of as Sushi+Bot+Opyn+Aave. Our concept, which predates DeriSwap by a\nyear, is also the concept of aggregation, but our products are already under\ncontract audit. Hawswap will support LP and CDP swaps, zero – mortgage, passive\noption insurance and other black \u2013 tech. Our team worked with MakerDAO, so our\ntechnical skills are solid, that’s for sure. Currently, Hawsap\u2019s Github code\nare open source.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Wow, it’s interesting 😀 where can we see all info about team,\nI think I missed this info on your site) Can you share a link to your github\nwith us? 😀<\/p>\n\n\n\n Dust Lee: <\/strong>Yes The concept of the project is relatively cutting-edge, and the circulation are relatively small. HAW only has a total of 25,000 tokens with a circulation of 7,500 $HAW, with a market value of about $1.1 million. Sure, https:\/\/github.com\/coinrapIo<\/a><\/p>\n\n\n\n D. | Satoshi Club: <\/strong>Great!\nand what will happen tomorrow?<\/p>\n\n\n\n Dust Lee: <\/strong>We will\nlaunch the first and the only round public offering at 20:00 on December 8,\n2020<\/p>\n\n\n\n Public offering price: $150 \/ piece<\/p>\n\n\n\n Online time: 20:00 on December 15, 2020<\/p>\n\n\n\n Online price: $225 \/ piece<\/p>\n\n\n\n The details are here https:\/\/hawswap.medium.com\/hawswap-presale-92fe111fab90<\/a>\n<\/p>\n\n\n\n https:\/\/hawswap.medium.com\/a-detailed-tutorial-for-participating-hawswap-presale-ed0701a25914<\/a><\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Oh, i am definitely not auditor 😂 but i am\nsure, you already find someone who will audit your smartcontracts, right?<\/p>\n\n\n\n Dust Lee: <\/strong>Yep, definitely!\nI would like to say that ppl may think there are similarities on concepts\nbetween our project and Deriswap, but the biggest difference between us and\nDeriswap is that our design is more mature and started earlier.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>I\u2019m\npersonally don’t know anything about Deriswap. 😄<\/p>\n\n\n\n Dust Lee: <\/strong>LOL, it\njust a concept proposed by AndreCronjue days ago, and then he starts various\nmergers and acquisitions and piecing together after that. Our Hawswap starts in\n2018, and our producs prototypes and designs are repeatedly polished and\nvalidated.<\/p>\n\n\n\n I’ve been working in crypto industry since 2013, and I’ve\nalways believed that everyone should allocate their cryptocurrency assets. I\nthink the current situation is that the threshold of crypto currency is too\nhigh for ordinary people, full of rampant scammers and risks. So professional\ninstitutions are required to provide safe and reliable services. That’s when\nand why I start to work on HawSwap with my team. I launched the cryptocurrency\nquantitative fund KMFrog in April 2016, which has become one of the biggest\ntraders of Huobi and OKex within 3 months after its establishment.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Yes, you are right, with your huge experience it’s possible. 😀<\/p>\n\n\n\n Dust Lee: <\/strong>At\nKMFrog we are doing arbitrage between spot exchanges. The project in 2016-2017.\nSo in a sense, yes.Yup, The clients of our fund include well-known\ncryptocurrency opinion leaders and executives of well-known companies in\nblockchain. My team and I are also one of the earliest teams to explore DeFi. 😄<\/p>\n\n\n\n In 2018, the service team that reached cooperation with\nMakerDAO on single mortgage loan monitoring and management was also the first\nteam that reached formal cooperation with MarkeDao.<\/p>\n\n\n\n Q1 from Telegram user\n@pandasbitcoins<\/strong><\/p>\n\n\n\n Your pre-sale starts\non December 8th. Is this the only sale you had or you will have more? Have you\nassured any investments from big capital groups?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>As I\nmentioned just now, this is the only public pre-sale of the HawSwap project,\nand all investors participate openly and fairly by contract, with no bias\ntowards any capital or consortium. We don\u2019t have any angel rounds, private sale\nrounds or pre-mining!<\/p>\n\n\n\n For this pre-sale, we will sell 30% of HAW tokens, a total\nof 7,500 HAW, with an initial price of $150. We are positioning our event on\nDecember 8 as DEFI Capital Efficiency Enhanced Revolution, and You are welcome\nto join in and grow with us!!!<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>What will you do with tokens which won’t be bought? I mean, if\naccidentally.<\/p>\n\n\n\n Dust Lee: <\/strong>Burn\nthem, of course. But I am very confident because we have a very strong\ncommunity and Chinese language market.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>Why\nso? there are no other options? 😀<\/p>\n\n\n\n Dust Lee: <\/strong>Of\ncourse not, because we have to be responsible for our Holder, those who\nsupports us in presale. I think it is in line with the market’s choice and\nexpectation to reduce the supply in circulation in this way. Although our total\nnumber is small, only 25,000, but yes, for sure, we will burn those HAW we\ndidn’t sold out.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Do you have Chinese tg group? 😀 or\nanother Chinese social media?<\/p>\n\n\n\n Dust Lee: <\/strong>Our Chinese community is very active. Even though we’re just starting out and we work with a lot of well-known Kols from Chinese market. People are worried about they will missing presale.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Great👍 Chinese market is really important.<\/p>\n\n\n\n Dust Lee: <\/strong>Yup, the\ntalk these days is all about public offering. We have\nvery well-known and solid community partners in our Chinese market. We have\nfull confidence in this. We are ranked no.1 by a well-known community rating\nagency in Chinese market.<\/p>\n\n\n\n Q2 from Telegram user\n@prahenkris<\/strong><\/p>\n\n\n\n The solution that your\nproject comes with makes the trading process simpler and more accessible. It’s\nimportant to bear in mind though that apart from simplicity, the trust and\nreputation is very important. Can you tell us with what exchanges will your\nsolution work, and if they are big exchanges, if you already have an agreement\nwith them?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Yes.\nOur project mainly focuses on solving the convenience of crypto asset users,\nespecially value-added services and asset management services. Therefore, we\nwill aggregate existing DeFi protocol and related projects. DeFi protocol\nbasically have no access conditions, as long as the assets are delivered or\nconverted in accordance with the protocol. In addition, we guarantee its\ncredibility through open source code and transparent running on the chain. Thank\nyou for your attention.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>So, with which exchanges will you work?<\/p>\n\n\n\n Dust Lee: <\/strong>I think\nwe can support either CEX or Sushiswap, Uniswap. If you mean that. but for now\nit is still under development, so we can’t give you exact answer yet, for\nexample DEX, curve, uniswap, oasis, kybe.<\/p>\n\n\n\n Q3 from Telegram user\n@lionelos<\/strong><\/p>\n\n\n\n HawSwap will use the\noptimization algorithm of virtual inventory to convert part of the arbitrage\nopportunities that originally occurred in the pool into the income of liquidity\nholders. What is the optimization algorithm of virtual inventory and how will\nthis be applied for the pool and liquidity holders?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Yes. We\nuse virtual inventory to release inventory changes within a certain period of\ntime through a decay algorithm, which will avoid the complete arbitrage of\nbrick-moving robots, and the income obtained will be directly applied to all\nliquidity providers through the price. This is a relatively deep technical\nissue. Thank you for your attention and welcome to participate!<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Also, i have a question, what does actuion model, mentioned on\nyour website means? 😀 I never heard the word ‘actuion’ or maybe\nthere is a small mistake there?<\/p>\n\n\n\n Dust Lee: <\/strong>Hawswap\ndeals with capital efficiency and makes the most of your money, so from this\npoint of view, it does. https:\/\/h5.hawswap.io\/<\/a>\n<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>So\nHawSwap liquidity providers will be able to earn more? compared to LP on\nUniswap, for instance?<\/p>\n\n\n\n Dust Lee: <\/strong>Yes. This\nis mainly to avoid people making losses like uniswap, which in turn means\nmaking more money.<\/p>\n\n\n\n Q4 from Telegram user\n@isd_orban<\/strong><\/p>\n\n\n\n You mention several\ntimes that your project is very fast. Since your infrastructure is built on\nEthereum it depends on this blockchains technical limitations. Do you have a\nway to bypass these limitations and assure a better technical performance than\nthat of the ETH?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Yes.\nOur main project runs on Ethereum, which ensures that our project is open,\ntransparent, simple and trustworthy. It also has some of the drawbacks of\nEthereum. But we will try our best to think and design from the user’s point of\nview to open the product.<\/p>\n\n\n\n Further, we will continue our research and development of\nthe Layer, including the use of the existing complete protocols and\narchitectures to solve the performance problems of Ethereum applications more\nsmoothly and perfectly.<\/p>\n\n\n\n Q5 from Telegram user\n@debrasnider<\/strong><\/p>\n\n\n\n Although you have a\ntokenomics section and an article describing it, the exact % of how the tokens\nwill be distributed are missing. Everyone knows that this part is extremely important,\nand can make or break a project’s future. What are the exact % of your token\ndistribution and what are the locking periods for it?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>HawSwap\nreserves 50% of Tokens for generating in liquidity mining (hawswap), LP Token\npledge loans (HawLoan), lossless or low-loss liquidity mining, and HawInsure\noption insurance business. Part of the commission and revenue generated by the\nentire system will be used to repurchase HAW, and the other part will\nparticipate in the governance of DAO. https:\/\/hawswap.medium.com\/hawswap-presale-92fe111fab90<\/a>\n<\/p>\n\n\n\n Q6 from Telegram user\n@juaniss<\/strong><\/p>\n\n\n\n You speak of\ntransparency of flow across the chain and private placement participation at\nthe same time. Aren’t these 2 ones in contradiction?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>At\npresent, a considerable number of cross-chains require trust institutions or\ntripartite vaults, which are both private and exclusive, as well as open and\ntransparent. Such as WBTC and so on.<\/p>\n\n\n\n PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guest chose some of them. <\/p>\n\n\n\n Q1 from Telegram User @JoxesXIII<\/strong><\/p>\n\n\n\n Hawinsure allows us to place put and\ncall options. Do you plan to add some kind of Hedge mechanism?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Too many good questions. I’ve just been reading one by\none and I’m flattered by your enthusiasm. Thank you for your attention and\nsupport to HAWswap.<\/p>\n\n\n\n Q2 from Telegram User @Idee01<\/strong><\/p>\n\n\n\n Presale price: $150USD Uniswap\nListing Price: $225<\/em><\/p>\n\n\n\n You’re promising investors a 50%\nreturns. So, should we take your word for it? Why should my friends and I, whom\nare interested in your presale believe you?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>We have been exploring and studying defI for many years. Our\ngoal is not just to focus on the present, our ultimate goal is to solve the\nproblem of capital efficiency, so we will iterate step by step according to our\ndesign. The reason we listing price $ 225 was because we had a lot of faith in\nHawSwap and our team, and we had to give something back to the community that\nsupported us. So you can trust us on that.<\/p>\n\n\n\n Q3 from Telegram User @Winterkom<\/strong><\/p>\n\n\n\n How does HawSwap’s Virtual Inventory\napplication benefit the Impermanent Loss? Can you explain us how this virtual\ninventory works?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>If the effects of inventory changes due to exchange are\nreleased over a period of time through attenuation or acceleration, it will\ncompensate for the inefficiency of the price discovery mechanism caused by\ninventory changes that are too fast or too slow. It’s like a centralized\ntrading platform that finds price efficiency through order books. There are\nmany details in this question. For details, please refer to: https:\/\/hawswap.medium.com\/hawswap-application-of-virtual-inventory-in-amm-cb0e18d08675<\/a>\n <\/strong><\/p>\n\n\n\n Q4 from Telegram User @NataliyaKil<\/strong><\/p>\n\n\n\n The HAW token pre-sale will begin on\nDecember 8th. You represent that this\npresale is the only public sale of HawSwap and will not be followed by any sale\nor giveaway. Accordingly, will the bounty campaign, which began on November 27,\nbe the only one? How will your users\nreceive the HAW token in the future?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>The pre-sale at 8:00 p.m. on December 8th is the only\nfinancing plan of HawSwap. We do not have any angel rounds, private rounds or\npre-mining history. This pre-sale will sell 30% OF $HAW token, a total of 7,500\n$HAW will be sold out or burnt, with the initial price of $150. And after 7\ndays, on Dec 15, we will launch on uniswap with initial price of $225.<\/p>\n\n\n\n User directly involved in the\nhttps:\/\/presale.hawswap.io\/ page, you will immediately get Token. No wait, no\npurchase is required, and the process and reception either complete or fail\nsimultaneously. Reference for detailed information: https:\/\/hawswap.medium.com\/hawswap-presale-92fe111fab90<\/a>\n<\/p>\n\n\n\n Q5 from Telegram User @Nickkiii<\/strong><\/p>\n\n\n\n Regarding the Presale holding tomorrow,\nim a little bit confused, do you have step-by-step tutorial showing how to buy\n$HAW in the presale?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Ok. This is probably a lot of confusion. Refer to this tutorial\nhttps:\/\/hawswap.medium.com\/a-detailed-tutorial-for-participating-hawswap-presale-ed0701a25914<\/a><\/strong><\/p>\n\n\n\n Q6 from Telegram User @lahkoklu<\/strong><\/p>\n\n\n\n What features differentiate HawSwap\nfrom UniSwap. Are there any deadly or unique features that are different from\nother platforms, can you please tell me to switch to your platform?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>HawSwap has implemented atomic exchange services on the\nchain since 2018. Although there is SWAP, HawSwap is essentially a set of\ncapital-efficiency enhanced aggregation protocols.It includes auction,\nexchange, liquidity mining, lending, options and other services and businesses.<\/p>\n\n\n\n That’s enough to make a difference.\nWe protect or avoid clients’ free losses through hedging and other methods, and\nrealize the protection of assets secured or locked in DeFi against huge price\nfluctuations through options. I believe this will be the reason why many people\nswitch from UNiswap to HawSwap.<\/p>\n\n\n\n Q7 from Telegram User @PyaraLarka<\/strong><\/p>\n\n\n\n How can i participate in your\nPre-Sale on 8 December 2020 is there any requirements for Pre-sale?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>Participate in the page: https:\/\/presale.hawswap.io\/<\/a> because\nmoney is not much, what this round is around $1.1 million, so if you want to\nparticipate in, to set up good gas fee, may be difficult to grab.<\/strong><\/p>\n\n\n\n Q8 from Telegram User @Amila19932<\/strong><\/p>\n\n\n\n As a Swapping platform, I think you\nare planning to list HAWSWAP in Coinmarketcap and also in Coingecko, when are\nyou planning to list Flaming Farm on these platforms? Because to attract\ninvestors on your swapping platform, you have to make trust on investors that\nHAWSWAP is not a scam project and will be a great Swapping platform in near\nfuture.<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>We have made the application on the Coingecko platform.\nSince we have not launched uni yet, the review may take some time. But please\nrest assured that we will pass the review of Coingecko as soon as possible, and\nCoinMarket will also be synchronized.<\/strong><\/p>\n\n\n\n Q9 from Telegram User @seen123<\/strong><\/p>\n\n\n\n You said that the biggest difference\nbetween HawSwap and Deriswap are design and started earlier, but I think that\nit’s not enough to convince me. How about your features and products compare to\nDeriSwap?<\/em><\/p>\n\n\n\n Dust Lee: <\/strong>The article introduced by Deriswap mentioned Swap,\nOption, Loan, Future and their respective meanings and characteristics. And the\nrelevant materials for the conversion of specific circulation mechanisms are\nalso expected to be further exposed and disclosed. However, we all took into\naccount the businesses of Swap, Option and Loan. These courses had many top\nitems, such as Uniswap, dYdX, Compound, MakerDAO and recently, Hegic’s\nagitation. It should be said that these areas are relatively promising. Each\nproject has different characteristics.<\/p>\n\n\n\n For example, Compound and MakerDAO, which are both loan\nbusiness, but do not seem to form a simple and confrontational competitive\nrelationship. Financial services have a great long-tail effect. For example,\nChina Merchants Bank, which is generally considered to have excellent technical\nservices, may not necessarily have an advantage over rural credit cooperatives\nin certain places and scenarios. On the contrary, according to the needs and\npace of the market, promoting business that is beneficial to the interests of\ncustomers and solving customer problems is the real reason for occupying a\nplace in the market.<\/p>\n\n\n\n How to improve capital efficiency is not only a problem that\nAndre Cronje considers, but also ours. The development of DeFi has been\naccompanied by great fluidity, which would be inefficient or inefficient if\nlocked into LP Token. Generating\nnew liquidity through pledge to smart contracts is a significant way to improve\nefficiency. In the traditional financial field, this is called “asset\ntokenization”. This is a fairly mature set of mechanisms and methods. We\nobtain “zero pledge” loans through Haw Loan. And it is very efficient\nto get universal stability currency such as USDT\/USDC\/DAI to increase the\nliquidity of assets.<\/p>\n\n\n\n HawSwap will introduce some concepts of PMM. We have a\nconcept of virtual inventory, which is the application of a attenuation\nformula, that is to release the inventory changes to the actual value through\nthe attenuation formula within a certain period of time.<\/p>\n\n\n\n Q10 from Telegram User @bulbul03<\/strong><\/p>\n\n\n\n Users can switch Swap, Loan, Option\nand Auction functions at will on HawSwap platform, while liquidity providers\ncan complete double or even triple mining operations with only one step\noperation, and experience products with efficient capital integration such as\npassive insurance, zero mortgage lending and Auction. This all are for future.\nBut when will you want Start all of this features? Specially i want to know\nabout Loan system and Gas fee. Uniswap need high gas fee for Swapping token.\nEven already started ETH 2.0 updating. So can we expect low gas fee or zero gas\nfee for swapping token on HAWSWAP?<\/em><\/p>\n\n\n\n Dust Lee: 1. <\/strong>Because HawSwap is a commitment to capital efficiency\nenhanced aggregation protocol, so we will stand in the user’s perspective to\ndesign a product, especially a variety of products gathered at the platform of\nintelligent contract, that will do less unnecessary transfer and delivery,\nimprove operational efficiency, this in the etheric fang network congestion and\nexpensive now seem to be very rare.<\/p>\n\n\n\n 2. The issue of lowering\ntransaction gas fees is a common problem with the Ethereum network. We actively\nfollow up relevant progress with mature technologies and protocols. Please stay\ntuned to our community and official website for the launch dates of these\nproducts.<\/p>\n\n\n\n PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about HawSwap. A link to a\nQuiz form was sent into the chat. Participants had 10 minutes to answer. 700$\nwere distributed between the winners. <\/p>\n\n\n\n For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a> <\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/hs2.jpg\")
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