Mary | Satoshi Club:<\/strong> Hello Satoshi Club! We are happy to announce our\nAMA session with Porkswap! Welcome to Satoshi Club😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ntoday our guest – @Crypto_Financier !<\/p>\n\n\n\n hello! thank you for\njoining us!<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hi, thanks for having me here<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello! Welcome to Satoshi Club 😀<\/p>\n\n\n\n How’s going?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Thank you, It’s going very well, we’re in midst of\nour pre-sale that is live at Unicrypt<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice! how is presale going?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> 23.8% so far, we’re about to hit our Softcap of 750\nBNB<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> It’s the most exciting event in every project life!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ni see you already raised 643 BNB, good job👌<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hahaha indeed, adrenaline, aha, joys, and oh shits<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Congratulations! Sure, you will reach hardcap😂<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yess, thanks for community for believing in our\nmission<\/p>\n\n\n\n Hahaha, yeah we’re very\nconfident that we’ll reach hardcap for sure<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And let’s start our AMA! I think more people have\nto know about PorkSwap!<\/p>\n\n\n\n Could you please\nintroduce yourself and tell us more about PorkSwap 😀<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yes I can see 15K members online which is amazing<\/p>\n\n\n\n A bit about myself,\nI’ve been early adopter of crypto since early 2013, since the adys of mt gox if\nanyone remembers.<\/p>\n\n\n\n I’ve been following\nmany projects since, and made lose good capital during last bull run of 2017,\nbut given the traction it’s way more powerful than what it was during 2017<\/p>\n\n\n\n I felt that we need to\nbring more and more current financial products in decetranlized fashion so I\ncame up with the idea for Porkswap, and I am responsible for the direction and\nbringing quality talent to the team.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ncool! can tell us a bit about your team?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Oh, mt gox😂 it’s sad and legendary event<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yeah sure, we’re global team of open-source and\ncrypto currency ethusiasts that believe in mission of democratizing access to\nfinance<\/p>\n\n\n\n We’re working with\noutsourced engineers and firms paid 5 figs per month to bring this project into\nreality<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nare you hiring? maybe you are looking for new people? 😉😁<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> We’re hiring like crazy, we follow the same\nprinciples that are written in Blitzscaling book from Reid Hoffman<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Where users can apply?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Blitzscaling keeps speed above everything let it be\nefficiency or certainty<\/p>\n\n\n\n They can reach out at\nteam @ porkswap. finance for application<\/p>\n\n\n\n Nice protection haha,\nwasn’t able to write it together<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you! Our bot is a bit crazy😂<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyep, sorry for this, our bot is kinda broken at the moment ☹️<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s problems from combot side🤷<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> No worries, it’s very good thing to have<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And tell us now about main concept of PorkSwap 😀<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yeah sure<\/p>\n\n\n\n Speaking in layman\nterms, PorkSwap is trying to bring current financial products in decentalized\nfashion<\/p>\n\n\n\n Spot trading being hot\nacross every major DEX like Uniswap, Sushi, Pancake and so on.<\/p>\n\n\n\n We believe the De-FI\nhas more to offer than what it is right now<\/p>\n\n\n\n Our key deliverable is\nto bring instant, secure and cost-effective spot swapping, along with that\nintroducing current financial derivatives called futures with margin trading to\nleverage the orders to increase chance of making or sorry to say losing massive\nprofits<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s really a cool mission, we need more\nfinancial products in DeFi space😀👍<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yeah that’s our main mission<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And let’s go to the details?With the questions from\nour community?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Lets gooo<\/p>\n\n\n\n Q1 from Telegram User\n@cengizhantekin<\/em><\/strong><\/p>\n\n\n\n We are used to see food or animal names with crypto\nprojects. So, why have you preferred Pork? Is there a specific reason or\nmessage that might empower the project concept? Additionally, Pork is not liked\nin some religions; do you think this can affect some part of community\nnegatively and result lower demand on your project?<\/strong><\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Very good question, it was very funny on how we\ncame up with the idea. As you said food names in crypto projects are very hot,\nthis was one of main reasons. And since pig is related to money and finance\nthrough piggy bank, we aimed to choose it<\/p>\n\n\n\n But, this is good idea,\nI will put this our on our Governance platform to see whether community wants\nto change the name<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I like your name! But let’s see how your community\nwill vote. Btw, your Governance platform already working? If no, when it will\nstart to work?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nhaha interesting origin of project’s name🙌<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> <\/p>\n\n\n\n Currently it’s under\ndevelopment, and will be live on May 3rd 6pm UTC.<\/p>\n\n\n\n Here’s the sneak peek:<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> But users can give proposals? Or also after launch?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nand to be able to vote, holders should stake some amount of $PSWAP?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yes, they can propose and vote after the platform\nlaunch<\/p>\n\n\n\n They should hold $PSWAP\nto vote<\/p>\n\n\n\n One of utilities of\n$PSWAP is governance<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ngot it! thank you for the answer! ready for the next question?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yesss lets go<\/p>\n\n\n\n Q2 from Telegram user @nadee5 <\/em><\/strong><\/p>\n\n\n\n PorkSwap a new project with decentralized spot and\nfutures trading platform on Binance Smart Chain\u2026How is Porkswap differ from the\ncurrent trading platforms? Instead of trading platform, you are using spot and\nFutures trading platform ? Why? How is spot and futures trading differ from the\ntraditional trading? Please clarify this..<\/strong><\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Sure, I believe I will go and explain Spot vs\nFutures so it’s clear<\/p>\n\n\n\n Spot and futures are\nboth financial products that are currently available in FIAT markets.<\/p>\n\n\n\n Spot generally means\nbuying and selling just like what you do on any DEX or centralized exchange.<\/p>\n\n\n\n Futures is derivate of\nspot which means it’s derived from spot and uses spot price to create contracts\nthat parties agree on buying \/ selling in future i.e 3 months<\/p>\n\n\n\n We’re different that\nwe’re bringing futures in decentralized fashion to De-Fi space<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Do you have any competitors now?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Nothing in futures space we know, but in spot we’re\nin direct competition with Pancakeswap<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nso what about the source of project? are you using some forks or codes of other\npopular projects like Uni or Pancake, or you building your project from\nscratch? in technical terms<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Well if you take Pancake it uses Underlying\nprotocols of Uni<\/p>\n\n\n\n We’ll be using Uni’s\nprotocols for our spot smart contracts since we’ll also be powered by AMM. <\/p>\n\n\n\n We’ve been implementing\nUni v3, with TWAPs ( time-weighted average price ), to fight against\nmanipulation<\/p>\n\n\n\n In terms of futures,\nit’ll be developed from scratch from our engineers, and will use spot pricing\nare input to futures pricing oracle<\/p>\n\n\n\n We’ll be support\npepetual futures contracts just like what you buy at Binance, Kraken or BitMex<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> What about oracle? Which one you will use?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> We’ll need to create custom pricing oracle, that\nwill have inputs from spot pricing, trade volume, long short positions and so\non<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for your answers! To continue this topic\nwe have next question 😃<\/p>\n\n\n\n Ready for it?<\/p>\n\n\n\n Yesss<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Born Ready!<\/p>\n\n\n\n Q3 from Telegram user @Highpee<\/em><\/strong><\/p>\n\n\n\n PorkSwap will implement an additional function of\nfutures\/leverage trading in addition to spot trading feature. Since future\ntrading is more about betting against pricing, this means that there is need\nfor you to adopt a reliable pricing oracle. I have read that you will be\ncreating a Customized oracle on Binance Smart Chain to fetch real-time pricing.\nHow will this oracle be operated? How is it designed to be interact with\ncentralized and decentralized trading platforms in order to generate a\ntrustless and trustworthy data which cannot be manipulated by the protocol or\nfutures traders?<\/strong><\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Very interesting question, as I mentioned earlier\nour pricing oracle will mostly be relying on our spot price, and given that\nwe’ll be support perpetual contracts, the oracle will need to keep futures\nprice as similar as possible to that of spot. In terms of trustless and\ntrustworthiness since our protocol is all decentralized it’ll be trustless by\ndefault. <\/p>\n\n\n\n Just commenting on the\nCEX part, we’re still revisiting that area, it might make sense to launch for\nfirst few months of operations until our spot platform is solid enough!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nwhat functions of your platform will be available for users after launch?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> The functions will be as follows:<\/p>\n\n\n\n -> Governance<\/p>\n\n\n\n -> Spot Trading<\/p>\n\n\n\n -> Liquidity Mining<\/p>\n\n\n\n -> Staking<\/p>\n\n\n\n -> Futures Trading<\/p>\n\n\n\n -> Lottery<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice! even lottery 😁<\/p>\n\n\n\n it will be working like\non pancake?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hahaha whatever it takes to multiply the profits<\/p>\n\n\n\n Pancake does it\ndifferently through random numbers, we’re aiming to do it via pot distribution<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I always wanted to try such features on the dex,\nbut fees were killing all my desires😀<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Don’t worry, it’ll be amazing at our platform<\/p>\n\n\n\n But we do charge share\nin earnings, that will be used in buying back and burning tokens<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> How much?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> That’s something we haven’t finalized yet, it’ll be\npolled at Governance platform<\/p>\n\n\n\n I wish I could have\ngiven you discounts @madamlobster haha<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Got it😉 when it will be ready please share\nwith us! And yes, i like discounts! Thanks!<\/p>\n\n\n\n Ready to go to the next\nquestion? Or you want to add something?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> We’ll kickstart with Governance on May 3rd<\/p>\n\n\n\n Then we’ll launch our\nSpot trading by end of May or start of June <\/p>\n\n\n\n We’ll finalize the date\nas we get near<\/p>\n\n\n\n Then we’ll add the LP\ntoken mining to earn rewards, and then the might futures that we’ve been\nbragging about<\/p>\n\n\n\n and finally loterry\nwhere @madamlobster you’ll try your luck haha<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Sure😂<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n[ Sticker ]<\/p>\n\n\n\n thank you for answers!\nlet’s go to the next question! 🚀<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Lets go<\/p>\n\n\n\n Q4 from Telegram user @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n Governance Platform launching will take place in 15\ndays! Congratulations!<\/strong><\/p>\n\n\n\n But I have a question. What are the functions and\nfeatures of the platform? Who will be able to take part in the management? What\nquestions and proposals will be put up for voting?<\/strong><\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nwe already discussed it a bit 😄<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> But may be we missed some details 😉<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> hahah yeah indeed, just copy pasting snippet from\nwebsite:<\/p>\n\n\n\n You’ll be able to vote\nfor:<\/p>\n\n\n\n Change in underlying\nprotocol<\/p>\n\n\n\n Change in pricing\noracle<\/p>\n\n\n\n Change in futures\nfunding rate<\/p>\n\n\n\n Change in platform fees<\/p>\n\n\n\n Change inlist\/de-list\ntokens<\/p>\n\n\n\n Propose new features<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ndo you planning any events for community? as i’m aware of you have special\nairdrop program for pancake users?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Any $PSWAP holder can take part, and functions will\nbe to make our platform the best of its kind<\/p>\n\n\n\n We’ll be keeping\nvarious inputs as variables so that they’re changed later on with governance<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yes, we do have airdrop but we’ll be distributing\ntokens later after public listing to avoid any dumps<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nthat’s smart 😉<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> thanks! 🙏<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, thus happens, but Pswaps are so tasty😂<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hahaha high in protein so healthy<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hope users will not dump them😉<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yeah if they want their portfolio to be healthy\nthen they gotta hodl it<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for your answers!<\/p>\n\n\n\n Ready to go to the\nnext?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Born Ready<\/p>\n\n\n\n Q5 from Telegram user @johana0012 <\/em><\/strong><\/p>\n\n\n\n As we well know PSWAP has a fixed supply of\n1,000,000 tokens that will be used for the governance and rewards of the\nplatform. How is this tokenization distributed? Do you have reserved tokens for\nbug bounties, white hat hacking? What fraction of the supply is destined for\nmarketing campaigns?<\/strong><\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> If you clearly look into our tokenomics you’ll\nrealize we’ve kept whooping 10% of our allocation to such efforts in pursuit of\nbring message to the masses and also keeping up with security of our platform<\/p>\n\n\n\n A snippet from our Lite\npaper<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Btw, which is the price of token on Sale?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> We’ve kept it in BNB so<\/p>\n\n\n\n 1 BNB = 55.55 PSWAPS ~\n$10<\/p>\n\n\n\n The listing will be: <\/p>\n\n\n\n 1 BNB = 38.8 PSWAPS ~\n$14.17<\/p>\n\n\n\n Can know more here:\nhttps:\/\/unicrypt.network\/amm\/pancake\/ilo\/0x29A3FF2393f80e200a30C9aA7d42f5B6cED0f976<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nso better buy now, if you like and believe in the project 😉😇<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>So, min around 1.4$ for bounties etc😀<\/p>\n\n\n\n I like shopping😂<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hahaha I can imagine<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> No, you can’t 😂😂😂<\/p>\n\n\n\n So, i hope i will be in\ntime<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> 100% agreed, we’re seeing alot of traction, people\nare loving it given we’re in direct competition with Pancakeswap<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And one more question 😀<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> and we’re aiming to be one of leaders in BSC, and\ndo around $200-300m trade vol \/ day<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> What about your platform security? Can we sleep\ntight?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Lets go<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n [ Sticker ]<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Hahaha, of course, it’s not just your sleep<\/p>\n\n\n\n It’s mine as well, given\nwe’ve so much at stake as well<\/p>\n\n\n\n In terms of security\nevery feature has 15-20 unit test cases against it to ensure it behaves\nproperly<\/p>\n\n\n\n After that we perform a\nsymbolic execute to map the function calls<\/p>\n\n\n\n Lastly we perform\nstatic code analysis using available tools<\/p>\n\n\n\n And the very end, we’ll\nbe having a audit of smart contract from Consensys, TrailOfBits or Certik<\/p>\n\n\n\n Given we use some of\nTrailOfBits tools so they’ll be our ideal choice<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nawesome! and you already have audits from Chainsulting and Solid 😎<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yes we do have, this is for our $PSWAP token<\/p>\n\n\n\n we’ll have alot more\nfor our underlying protocol<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nthanks for the great answers! ready for the last question from part 1?<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yessss<\/p>\n\n\n\n Q6 from Telegram user\n@RosemaryBianco<\/em><\/strong><\/p>\n\n\n\n Speaking of leverage in PorkSwap, you mention that\nwithin tokens available to leverage are ETH, Wrapped BNB, ADA, BUSD-T, DOT,\nXRP, UNI, LTC, LINK BCH and USDC. My question is, as time goes by, will they\nintegrate more tokens that can be placated? What is the maximum leverage that\nusers can use within PorkSwap?<\/strong><\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Our max leverage is 5X, given that there will be\nmore demand than supply so we’re aiming to keep it low as possible<\/p>\n\n\n\n As the time goes by,\nwe’ll be developing protocol it a way that it’ll support leverage for any spot\npair <\/p>\n\n\n\n Which means if you\ncreate a pair, lock liquidity and pair gets traction<\/p>\n\n\n\n You can leverage it<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nthank you! i think we done with the first part of our AMA and ready for the\nsecond? 😊you can share with our community some useful links before we\nopen the chat😇<\/p>\n\n\n\n Crypto Financier | Never DM First:<\/strong> Yeah sure<\/p>\n\n\n\n 🚀 Link to the\nsale:<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-04-15_01-39-49.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-04-15_19-37-31.jpg\")
<\/figure>\n\n\n\n