#AMA774
CryptoFury x CronianSwap
⏰ Time: January 4th , 12:00 PM UTC
💰 Reward Pool : 200$
💎 Place : https://t.me/CryptoFury_Chat
Question for Part 1- Project overview:
Q1) Can you briefly introduce yourself as well as CronianSwap? And from where you get the project name? What does it mean to you? And why you choose this name for your project? What is your mission and vision to build this project? What you want to achieve Through your project in future?
Jesse — Will Never DM First :
We are a group of defi farmers who are actively farming in various protocol prior to this!
We choose cronian as it represents the people of cronos. Hopefully we can make this a protocol that people in cronos uses frequently. With our APR Reset mechanism, we are able to provide high APR all the time and become sustainable than other yield farms out there
Q2) What strengths do CronianSwap have to compete with competitors?
Jesse — Will Never DM First :
There are many other Yield Farms on Cronos that just die down very fast, with no proven tokenomics. Cronianswap, we have introduce a few innovative mechanism to ensure that farming on cronianswap is sustainable.
1) APR Reset where every 7days, pools will be changed and the APR will be reset to be much higher. APR usually dies down after a while. With our APR Reset, we ensure that farming on cronianswap will continue to be profitable
2) NFT drops for presale holders! By participating in the presale you will be automatically whitelisted for our NFT drop coming up real soon. This NFT will give you access to all our special features that is coming right up after launch, Such as dividends pool
Q3) What are your significant achievements till now and what are your other plans for this year?
Jesse — Will Never DM First :
We are proud to announce that we have passed the famous rugdoc.io kyc and get our project listed on their platform. We are looking for potential cex listing such as mexc.
We are also in the phase of launching our NFT Passes to reward those that participate in our presale! Do check out our presale at https://cronianswap.com/presale
Part 2: Pre-selected questions from our community
Q1) Is the tokenomics and distribution model already out? Where can I get them? Can you share the details with us here?
Jesse — Will Never DM First :
The tokenomics is out. You can get them at our website https://cronian-swap.gitbook.io/untitled/information/tokenomics
We are using 1% of the total supply for the presale and the team will get 0% of the token. The rest will be used for farming rewards.
For our Presale:
Presale price is at $4 USDC
Listing price is at $5 USDC
This is already a 25% gains for those that have participated in the presale!
Q2) At the moment, where CronianSwap are focusing right now? Building and developing product or getting customers and users, or partnerships? Could you share it?
Jesse — Will Never DM First :
We are looking at more partnerships as we are currently having our presale right now at cronianswap.com/presale.
In the meantime, we are in the progress of designing our NFT launch and engaging more AMA to build our community organically
Q3) Marketing strategy is very important for every project. A product be established on the market without marketing & promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
Jesse — Will Never DM First :
Currently we have already engaged 3 AMAs Community to build a stronger community. We are looking at more communities in other to grow our community.
Our RugDoc ads are out as well! There are a reputable platform for code safety with a great following!
We are also looking at twitter partners too. We will be allocating 30% of the presale funds as marketing. This allow us to continue with our marketing effort because of we will have enough capital for marketing from the presale
Q4) Southeast Asia is a very vibrant market and many projects developed here, so with your project what do you think about Southeast Asia and do you have any plan to develop here??
Jesse — Will Never DM First :
I am actually one of the dev of Cronianswap and i myself is also situated in Southeast Asia (Singapore)! I know this is a huge community from vietnam and I have been to vietnam myself many times and have many vietnam friends as well. Southeast Asia is a place we are trying to build grounds on for more partnerships :)
Q5) Many projects have similar features & services, but I can see that you are bringing out new innovation with your project. In the end, what will be your vision? What are you trying to achieve in the long term with your project? What are your plans to get there?
Jesse — Will Never DM First :
We are the first on Cronos chain to have introduce an APR Reset feature and we aim to become one of the model example of yield farming for other developers to follow on the Cronos chain. After which, we are building our ecosystem for launchpads and introducing our APR Reset features to other chains as well!
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
Q1) Those Investors & Partners, who have invested in, how will you make sure that they get good returns & how will you Protect the Value for them?
Jesse — Will Never DM First :
A very good question! For our yield farming model, we have a lower deposit fees of 3.5% for our non natives LP. We will alter emission to ensure that you will be able to make at least 2x the deposit fees you have made within a week. This is part of our APR Reset cycle to ensure that APR will be continue to be high and you can passively make money from the deposits!
Our USDC Dividends pools means that you will be able to stake CRONIAN to earn USDC as well. Presale and deposit fees collected will be used for more buyback and with each APR Reset, we will buyback CRONIAN from the market even more
Q2) Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project??
Jesse — Will Never DM First :
Yes! CronianSwap is based on a governance model. Holders of the Cronian will be able to vote on the next 4 LP that they wish to be added to the Pools every 7 days, which is our APR Reset feature! Governance will be done via snapshot.org
Q3) What benefits will liquidity providers get besides collecting transaction fees and funding fees? Do you have events or programs to attract more users and new liquidity providers? What benefits will liquidity providers get besides collecting transaction fees and funding fees? Do you have events or programs to attract more users and new liquidity providers?
Jesse — Will Never DM First :
Apart from fees collected from providing LP, Cronianswap exist so that you will be able to farm much better returns as compared to other DEX farming protocol out there.
As per our 7 days APR Reset system, all Cronian LP pairs will be able to farm forever and not subjected to our reset and cooldown period. That means during the 24hours cooldown, you will be able to get all the rewards from the emission, which is incredibly high!
Q4) What are the list plans of $CronianSwap ? What will you do in the future so that $CronianSwap can list other exchanges and moreover dramatically increase transaction volume?
Jesse — Will Never DM First :
Yes! We are planning to list all on DEX out there on Cronos Chain! Such as MMF Cronaswap and VVS!
This will be the first step of our listing requirements. Afterwhich, we will apply for CEX listing on crypto.com!
Our Liquidity will be locked with RugDoc! They are a trusted partner for the longest time on the Defi space
Q5) In the near future, do you focus on community development? Which region will be the market and users will you focus on?
Jesse — Will Never DM First :
Yes! Community development is the most important out of all. We have a marketing and admin team that will help us manage our various community on medium, discord and telegram. We have just started out but is surely growing organically from the many AMAs we have conducted with other communities including this!
We have teams members from USA as well as Southeast Asia. Each of us will be responsible for expanding to different communities. For myself it will be Southeast Asia!
All details about CronianSwap could be found below
🛢 Website: https://cronianswap.com/
🛢 Twitter: https://twitter.com/CronianSwap
🛢 Telegram Chat: https://t.me/cronianswap
