CryptoBooster X Kyswap AMA Recap on August 2nd



Part 1 — introduction and questions from the Twitter retweet

Mikea Y | CryptoBooster:

Ready guys?🔥🔥🔥🥳🥳🥳

Now we start!!

Herbert丨Kyswap:

Hello everyone.

Let’s go!

Mikea Y | CryptoBooster:

A pleasure to have you here Sir. @Herbert035

Herbert丨Kyswap:

Glad to be in the Multichain community.

Mikea Y | CryptoBooster:

Great😁. Now there’s a lot of people with questions about KySwap, Can you please introduce give us an introduction about KySwap?

Herbert丨Kyswap:

I’m Herbert,the cmo of KySwap.KySwap is a transaction mining multi-chain aggregation platform based on OKExChain, which supports mobile mining and transaction mining mechanisms. It is a decentralized trading product based on the concept of automatic market making, providing users with services such as token exchange, liquidity, transaction mining and other services in the OKExChain ecosystem. KySwap is committed to building a stable financial ecosystem, integrating DEX, IDO, and DAO to create the fairest KY Cash Capital and the most stable and secure trading experience.

Mikea Y | CryptoBooster:

Great stuff. let’s move on to our Twitter questions.

600,000 $BlUEMOON /6 users — Let’s go to the Twitter Questions! We have 6 twitter questions for you, are you ready?

Herbert丨Kyswap:

Let’s go!

Mikea Y | CryptoBooster:

Question 1: Why did KySwap choose to develop on OKEx? @GeorgeH48098126

Herbert丨Kyswap:

The gas for interaction on the ETH-based decentralization platform continues to rise, and I believe everyone has a deep understanding of this. At present, OKEx’s research and development is steadily advancing, aiming to realize the vision that everyone can create DEX. In addition to DEX, OKEx will build its own DeFi ecosystem in the future, and develop DeFi projects such as loans and derivatives based on OKEx.

For DeFi projects, the listing of centralized exchanges such as OKEx has further expanded its reputation. In particular, head platforms such as OKEx can also increase the depth of the project and the volume of circulation by virtue of a large number of users.

Mikea Y | CryptoBooster:

Thank you for the very clear answer.😄

Q2: At present, OEC has newly developed many swaps. What are your advantages compared with similar swaps? @chigga08854035

Herbert丨Kyswap:

KySwap combines the features of DeFi, games, and NFT to create an entertainment option that generates passive income. In addition, KySwap DApps allows players to fully control their in-game assets, facilitating users to use them in different ways.

Take the current hottest game Axie as an example. Axie provides different ideas for the development of NFT. The original concept of [Play to Earn] combines traditional game attributes with blockchain features, allowing every player to transform into an in-game [ Indigenous people]. This kind of original ecological chain game finance deserves continuous attention.

The success of Axie lies in the introduction of the DeFi concept based on traditional Internet games, and the realization of the circulation of assets on the chain through NFT as a medium. It is the meaning of KySwap.

Mikea Y | CryptoBooster:

Q3: I look forward to the gameplay of KySwap very much. Many users feel that your IP is very beautiful when they see your project at first sight. However, some users feel that it is similar to BunnyPark. What do you think about this issue? @zhang01644224

Herbert丨Kyswap:

In the NFT track, BunnyPark does a better job as a starter, but KySwap is not just a collection. In KySwap, collectibles only occupies a small part. KySwap puts more energy on how to build a stable, efficient, and compatible with DeFi gameplay and even other NFT projects Metaverse ecology.

Even in the field of collectibles, KySwap is significantly different from Bunnypark.

Mikea Y | CryptoBooster:

Thank you. Very impressive

Q4: Then how do you design your own economic model, and how will you deal with the current NFT project “digging and selling” problem in the future?@Victoria_G701

Herbert丨Kyswap:

Based on its unique tokenomics and deflation, KySwap simply sells blind boxes and pledges mining, which is essentially meaningless. Users do not really want to experience the game or collect characters for NFT games. Most users expect to gain revenue in the game. This puts great demands on the economic model of the game. The project needs to have a reasonable Deflation to ensure that the game can maintain high returns, attract more users, and achieve a positive cycle.

In response to this, KySwap designed a unique economic model to ensure the stability of tokens, referred to as “internal and external circulation”. The external circulation uses transaction fee + vault revenue to buy back tokens. The internal circulation uses KYLIN to lock and consume tokens. Finally, NFT financial attributes are given to solve the problem of the limitation of NFT usage scenarios. It is why KySwap is so versatile.

Mikea Y | CryptoBooster:

Thank you for this, great to know what you are working on.👍😊

Q5: It seems that KySwap does have advantages that similar projects do not have. I look forward to the future development of KySwap. I wonder if you can talk about some recent development plans of KySwap? @Aalon32990019

Herbert丨Kyswap:

At present, the KySwap project was officially launched on OEC on July 30, and the top mine was officially opened on August 1.

KYLIN blind boxes and NFT cards will be opened in the follow-up. Users can participate in card extraction and mining. There are surprise eggs in the blind boxes, and there are more surprises to pay attention to the activities of the official website.

Mikea Y | CryptoBooster:

Q6: BlueMoon, which was launched on KySwap last night, has skyrocketed. Is there any deeper cooperation after that? @Xavier01513221

Herbert丨Kyswap:

Yes, currently BlueMoon can be whitelisted in KySwap,and the BM mining pool has also been opened and has a very high APR. More activities will be developed in the future, such as community airdrops, NFTs, etc.

Mikea Y | CryptoBooster:

Thank you so much, this is massive news for all of us. It is clear that KySwap has already achieved a lot. But we sure will expect much more to come. 🔥🔥

Now let’s move on to the next part of our AMA.

Part 2 — live questions from the Telegram community

Q1 from telegram username @RayRay819

In the current blockchain track, the NFT track is very hot, and gamefi led by Axie has a very high popularity. Do you currently have an idea of making an NFT game?

Herbert丨Kyswap:

At this stage, we do not have plans to release an NFT game. We have had discussions around this but we didn’t see a way that it would truly add value to the project at this point.

But for NFT, we are currently very optimistic about its development, and some of the NFTs produced will be airdropped with NFT to the coin-holding address after $KYC.

Q2 from telegram username @RoseRice1

On OEC, there are currently many Swap projects, what do you have, and how do you plan to surpass them?

Herbert丨Kyswap:

In the current 3 days of launch, our project has performed very well. The number of communities and users has increased significantly, and our mining pool has a high annualization rate, which is good news for us to attract users.

In the future we will also integrate transactions, mining, NFT, etc., I believe there will be a very bright future

Q3 from telegram username @mortyandrick11

I saw on the official website that you are planning to issue an algorithmic stable coin $KYC. How do you ensure the stability of the token price and what kind of algorithm is it?

Herbert丨Kyswap:

For our KYC, as an algorithmic stablecoin, its price must always be maintained at 1$.How to maintain its stability, we can cooperate with KYcash.New KYC will be minted when KYC>$1.05

This is our KYC distribution map, roughly like this.

Part 3 — Quiz Results

Q1.What is the highest increase after $BlueMoon goes online?(D)

A.10X B.100X C.1000X D.10000x

Q2. How many mining methods are currently available on #KySwap?(B) A. Liquidity+Trading B. Liquidity+Trading+Depositing C. Liquidity+ Depositing D. Trading+Depositing

Q3. What is the launch time of the algorithmic stablecoin $KYC on #KySwap?(B) A. August 2 B. August 3 C. August 4 D.August 5

Q4. What is the initial supply of $KYC?(D) A.20K B.30K C.40K D.50K

Q5. How much #TVL reached on #KySwap yesterday(August 1)?(C) A.1,000,000 B.5,000,000 C.10,000,000 D.50,000,000

For more information and future AMAs, join our Social Media channels:

Telegram Community: https://t.me/multichainstar

Twitter: https://twitter.com/CryptoooBooster

Our partners Kyswap:

Telegram Community: https://t.me/kylinswap

Twitter: https://twitter.com/kylinswap

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