CryptoBooster X GIBX Swap AMA Recap on October 28th



Part 1—Introduction and Overview Question


Paopao | Cryptobooster:

Hello, everyone! We are happy to announce our AMA session with GIBX Swap! Welcome to Multi-Chain Booster Community.


Hope you are all very excited as I am right now!!


Now let's get started😃😃🔥🔥🌪🌪🙌🙌


A pleasure to have you here ⚡️⚡️💫@Davcameron



David Cameron | GIBX Swap:

Hello everyone, thank you for having me. looking forward to today's session 😊


Paopao | Cryptobooster:

How are you doing today 😃


David Cameron | GIBX Swap:

Fantastic! Hope everyone else is well ! Let's get this rolling shall we


Paopao | Cryptobooster:

Yes!!! So let's start... Now there's a lot of people with questions for GIBX Swap, would you please introduce yourself before the chat and share a quick overview of GIBX Swap? 🔥


David Cameron | GIBX Swap:

Okay, so let me introduce myself. My name is David Cameron and I am the Sales and Marketing Vice President of GiBX. First and foremost, GIBXSwap is a DEX (Decentralized Exchange). As a DEX, GIBXSwap provides every possible function that a DEX can, with many professionals ensuring that it is safe, reliable, and useful for all users. It has its own platform currency, Token X, and users of GIBXSwap will be able to farm these tokens in the DEX and use it as they see fit, be it for farming more it to liquidate.


Paopao | Cryptobooster:

Wow, that’s so impressive, it is our great honor to have an AMA with such a powerful DEX platform.


Thanks for your kind introduction, now let’s move on to 2 project overview questions.


Are you ready?


David Cameron | GIBX Swap:

Yes, let's do this!


Paopao | Cryptobooster:

🔥Here comes our first overview question!! Q1.What are your upcoming plans to expand globally and attract more users?


David Cameron | GIBX Swap:

For long time users of GIBX, achieving milestones and having spectacular achievements from our various plans is something that comes naturally due to the amazing effort put in by our team, as well as the continuous support of our existing members. So we definitely have more amazing plans that are either currently underway or coming soon.

First off, we have to mention GIBXSwap. Having just launched, we have already implemented a coin burn system for the platform token X which helped us establish a new deflationary token in the market. Furthermore, with GIBXSwap’s cross-chain capabilities utilizing BSC, HECO, and Ethereum chains, users will have many avenues to look into when deciding how to use our DEX. Furthermore, Our GIBXChange has recently launched a new financial instrument, the OC Digital Options Contract. With a dedicated app and instructors to guide users, this will not only allow users to earn a profit while being insured, but also allows for a learning experience for users to gain the knowledge to navigate the market themselves.

Finally, our upcoming activity which is the SPAC listing will bring a great deal of profit for all who join in. I’m sure many of you have heard about SPAC and its wondrous capabilities. The SPAC listing we will hold will give our users the chance to be co-owners of the SPAC by buying and owning shares. The earlier you buy into the SPAC shares, the better the returns.

With such enticing plans already out and even more coming soon, we are definitely looking at the global market which will simultaneously attract more users to the platform while making available more ways to profit for our existing users.


Paopao | Cryptobooster:

Thank you for your detailed reply of GIBX's upcoming global strategy 🙏


Now let's move to Q2. it goes like this: GIBX Swap's platform token X was recently destroyed for $63,102, and 0.05 of every transaction made on GIBX Swap will buy back X weekly and be destroyed. This destruction method is not very unique compared with the governance mechanism of other tokens, so how does token X stand out?


David Cameron | GIBX Swap:

Good question, by having this coinburn mechanism, token X itself will become a deflationary token which decreases in supply over time, therefore raising its value. Besides the coinburn mechanism, token X will also support cross-chain operability in BSC, HECO, and Ethereum, so it will be able to attract liquidity from different chains. This also means that token holders are able to swap for non-native tokens aside from BSC. Token X will also be the only platform currency for GIBXSwap and it has its utility throughout the exchange which will definitely bring a much higher value to the token itself.


Paopao | Cryptobooster:

Thank you very much, this is some pretty important information for all of us


Looking forward to the future of #GIBXSwap💪🏽💪🏽


⚡️⚡️Now let’s move on to the next part, which is Part 2: Pre-selected questions from community!!


Part 2—Pre-selected Community Questions


David Cameron | GIBX Swap:


Paopao | Cryptobooster:

The first one is pretty interesting!


Q1.Why is the Slogan of GIBX Swap the best DEX in the market? With so many DEX on the market and fierce competition, what is unique about GIBX Swap that will capture more of the DEX market in the future?


David Cameron | GIBX Swap:

There are many DEX in the market currently and many are gunning for the top spot. So is GIBXSwap. What sets GIBXSwap apart from the majority of the available DEX however is that it originates from an existing, healthy ecosystem, namely GIBX and its platform token GUSDT. Not only does it come from an established presence, it further offers cross-chain operability, a function that many DEX lack. Even those that do may not have the cross-chain operability ability that GIBXSwap. As I mentioned in the previous question’s answer, GIBXSwap’s Token X supports cross-chain operability in BSC, HECO, and Ethereum. This will open many doors for cooperation, usability, and feasibility for Token X in the future.


Paopao | Cryptobooster:

Wow! Cross-chain operability, THAT'S AMAZING!!!


Thank you for your answers👏


Q2.Liquidity, Transaction fees and slippage are always the 3 important factors in financial services. How does GIBX Swap exchange solve the above problem to attract more users?


David Cameron | GIBX Swap:

So as I mentioned earlier, GIBXSwap utilizes a cross-chain operability through BSC, HECO, and Ethereum so it will be able to attract liquidity from different chains. This will provide the users of GIBXSwap the flexibility to pick the chain with lower gas-fees for their transactions. Regarding slippage, users don’t have to worry about it as GIBXSwap is a DEX that utilizes the AMM (Automated Market Maker) model that helps manage liquidity and slippage. As GIBXSwap users perform liquidity mining by providing liquidity into our DEX, they are able to receive rewards in the form of our platform token, X. Therefore, by implementing what I have mentioned before, GIBXSwap is able to meet the need of all kinds of crypto traders as well as solve some of the common problems in the DEX market.


Paopao | Cryptobooster:

Here comes our third one🔥🔥🔥Q3.How do you keep your platform safe for Investors and is your platform protected from hackers? And how do you manage if there is an attack on your platform, including the users' data of your platform? Is GIBX Swap born ready for this?


David Cameron | GIBX Swap:

This is a great question, the safety aspects of any platform is always a big concern for any user especially when getting to know a new project. Our GIBXSwap team is always on the ball to ensure the safety of our DEX as well as monitoring our smart contracts to run at its best capabilities. We are also continuously searching for ways to improve the DEX and pursuing new technologies to further strengthen the system. Furthermore we are determined to run a clean ship and have continual auditing to ensure GIBXSwap remains a safe and reliable platform for all users. Is GIBXSwap ready for any attempted hack into its systems? In this regard, we have completed a thorough official audit by CertiK, which specializes in blockchain security utilizing cutting-edge technology to secure smart contracts and blockchains. After the audit, CertiK has once again confirmed that the source code delivered by GIBXSwap has a very high level of security and affirmed GIBXSwap’s initiative in performing security tests.


Paopao | Cryptobooster:

Safety issue is always the first concern for people, thank you for your elaboration!!!

Now let's move to Q4!

Q4. Keeping your community and partners satisfied is a key to every platform's road to success. So does GIBXSwap have any incentive program to keep your partners and community members motivated and well-engaged?


David Cameron | GIBX Swap:

Definitely. Keeping the community engagement at a respectable high is very important to the longevity of any DEX. Currently, GIBXSwap offers irregular airdrops for our platform token, X, and also with the recent launch, many promotional activities were to be had for users to participate in. We have many collaborations with other major DEX platforms, such as Babyswap, in the market which can bring further engagement to the crypto community. GIBXSwap is definitely looking into ways to further engage the community and keep partners in the loop to enhance the possibility and caliber of future collaborations. In terms of community engagement, GIBXSwap also has the NFT lucky draw jointly launched with Lbank. We will definitely host a plethora of activities that the community will be able to join in on so do keep your eyes peeled and your ears to the ground.


Paopao | Cryptobooster:

So many funny activities! 👍😁Like what you said, I definetly gonna keep my eyes peeled!!


In terms of investor relation, here's Q5. Do you have any plans to attract non-crypto investors to your project? As we know that, attracting more investors who are still not in the crypto world is the success of an exchange. In your perspetive, what are the plans to raise people's awareness in non-crypto space?


David Cameron | GIBX Swap:

Crypto, although still in its relative infancy, is now starting to become a household word. Although many may know it, not everyone is brave enough to venture into something new. I believe GIBXSwap, with its extensive ecology, will be of great importance in this instance. Many people are keen on investing, and most will look to more established forms of investments, such as the forex market, etc. The GIBX ecology not only has a DEX but also has a CEX as well as an MT5 mining pool that newcomers would be able to wet their feet in first. I believe a gradual learning curve is important to bring awareness to the masses that cryptocurrency is not as daunting as many may think it is. Through our expansive ecology, users would be able to learn more about crypto, how to operate in the market, and eventually utilize it for their own benefits. With our ecology gradually allowing the non-crypto space to learn about cryptocurrency, the outcome will undoubtably be positive in raising the awareness regarding crypto and its usage.


Paopao | Cryptobooster:

Q6. Would you kindly share your opinion regarding the current state of the DeFi market?


And do you think that DeFi’s full potential has been unlocked, and how will GIBX Swap make the DeFi world a better place, easy to use and accessible to all?


David Cameron | GIBX Swap:

The current state of DeFi, although complex, seems to be in a good position. As we all know, recently there has been a tightening of policies regarding cryptocurrency in general in China. This has caused major effects on the crypto-space as a whole. However, after a short dip in the crypto market, we have been seeing a bullish trend for almost every major cryptocurrency. This would mean that market sentiments are still generally positive in light of recent events. In fact, the tightening of policies regarding crypto may have even tipped the balance further in DeFi’s favor. As we all know, DeFi is all about decentralizing finance and taking back the control of our personal assets. The move to tighten policies has seen the market start gradually moving towards the use of DEX. Whether it be to seek refuge or a change in perspective due to recent events, the crypto-space is starting to see the advantages of DEXes and the storing of assets in cold wallets.


Paopao | Cryptobooster:

That's an informative answer!


David Cameron | GIBX Swap:

To say that the DeFi space’s full potential has been unlocked would be folly as we are always discovering new ways to utilize it and with the speed of technological advancement, I am sure there will be even more innovations in this field.

With the current state of the crypto market, I believe GIBXSwap will fit a comfortable spot in which the crypto-space can flock to as one of the DEX in the market as we provide a multitude of services and have an extensive ecology that can further their prospects. Simple, easy, intuitive, safe, and reliable, our GIBXSwap will definitely be easily accessible to the masses which will further the whole idea of DeFi.


Paopao | Cryptobooster:

Thank your for sharing these provoking thoughts🤔😃


Again, this is also a vision & perspective question, Q7. Where do you see GIBXSWAP in the next 5 or 10 years?


David Cameron | GIBX Swap:

5 to 10 years? Before that, let me paint you a picture. GIBX and its ecology has grown tremendously in just a few short years. From establishing our MT5 mining pool, creating the GUSDT, and building a CEX. Now we even have a DEX in the form of GIBXSWAP. Not many companies can say they achieved what we have done in the same amount of time. Therefore, I can easily see GIBXSWAP being at the forefront of new developments, spearheading achievements, and in general being at the front of the curve. As the technology innovates further, so does it for the crypto-space, and we will be there right alongside it innovating and creating new ideas to match the ever-growing crypto-space. I believe we would be a well established presence, one that definitely can’t be ignored and that will be seen as a pioneer of its generation.


Paopao | Cryptobooster:

🌈🌈I‘ve already started to imagine!


2 questions left


Q8. NFT and meta universe is another rising hot topic, it's slowly replacing Defi to become the next hot topic, So, David, can you share your thoughts with us on this topic? What plans does GIBXSWAP have?