[Blockchain Express] One-click coin issuance + IDO, how to participate in the new track YouSwap?

★AMA topic: "How to value YouSwap after launching one-click coin issuance and IDO?"

★Time: May 28 (Friday) 15:00

★Guest: David - Head of YouSwap Chinese Community

★Official channel website: www.youswap.com
Twitter: https://twitter.com/YouSwap_Global
Telegram: https://t.me/YouSwap_Dex

On May 28, the [Blockchain Express] column hosted by Honglian Finance invited David, the head of the YouSwap Chinese community. During the live broadcast, David introduced the YouSwap project, participation methods and future plans in detail.

David said that the current price of YOU is certainly greatly underestimated. Based on the current TVL and number of active users, the price still has room to increase by more than 5 times.

At present, the entire YouSwap adopts the method of repurchase and destruction and extreme deflation. Youswap's transaction fees are 100% repurchased and destroyed, and there are many ways to repurchase and destroy YOU, including IDO, transaction mining, one-click coin issuance and other functions, all of which will be destroyed.

What YouSwap is still doing now is to increase the demand for YOU through various application scenarios. At the same time, it will cooperate with more project parties to empower YOU and create a steady stream of purchasing demand and destruction for YOU. I believe that the day when YOU returns to 1U is just around the corner.

The following are the details of the live broadcast:

Host: David, please introduce yourself briefly and introduce the YouSwap project.

David:

Hello everyone, I'm David. I used to work in data model building at Jump Trading, a quantitative trading company on Wall Street. Since 2018, I have been focusing on research in the field of blockchain technology. I am currently the initiator of the YouSwap Chinese community. I am a senior researcher in DeFi. I have studied and participated in many projects in the early stage, such as trading, mining, lending, machine gun pool compound interest investment, etc. A lot of research work needs to be done in the early stage before making firm decisions on these projects.

So when I came across YouSwap, I was immediately attracted. How does it ensure real-time interaction and sharing of multi-chain data? How to innovatively design a deflation mechanism for the economic model? How to build an interactive log engine, solve so many difficulties and pain points in the development process, and achieve multi-chain sharing and interaction? After in-depth discussions with the YouSwap team, I joined the team in a "decentralized" distributed office mode. Now I am mainly the initiator of the Youswap Chinese community, responsible for the construction and development of the Youswap Chinese community.

YouSwap is a new generation of decentralized trading platform on the chain. It realizes the multi-chain sharing of digital assets by constructing a multi-chain deployment system. It optimizes the AMM model through the price feeding mechanism of the oracle (Oracle). At the same time, the multi-chain aggregation transaction function can realize the exchange requirements of the best price and low slippage. In the early stage of the performance expansion of the public chain, the ZK Rollup Layer2 expansion solution was adopted. Compared with other decentralized trading platforms, YouSwap has the advantages of high capital utilization, low slippage, small exposure to impermanent loss risk, instant transaction speed, and low Gas fee.

In the future, YouSwap will continue to increase R&D investment to explore decentralized cross-chain technology to realize multi-chain integrated intelligent scenario applications and create seamless cross-chain exchange and interaction of multi-chain native assets.

YouSwap was founded in Silicon Valley, USA in September 2020 and is headquartered in Singapore. It is a new generation of on-chain DEX developed by a team of top international blockchain geeks.

The founding members of the YouSwap team come from world-renowned technology companies such as Microsoft and Google. They have an average of more than 9 years of technical development experience and have extensive work experience and multiple mature project experiences in the fields of blockchain technology, encryption projects, neural networks, and network security protection. Currently, most of the core members of the team are located in Singapore and San Francisco.

Moderator: What are the advantages of participating in one-click coin issuance and IDO for project owners? How can users participate?

David:

YouSwap's one-click coin issuance and IDO functions can help project parties easily and quickly complete the entire process from coin issuance, fundraising to online launch. There is no need to understand the contract code and there is no threshold.

Recently, YouSwap and BoomBox have strategically launched an application section. BoomBox is an innovative model that selects third-party cooperative Dapps to allow users to use DeFi products and functions more conveniently. The first linked application jointly launched by YouSwap and BoomBox this time is the CoinLanch one-click coin issuance platform. Users can issue tokens with one click on CoinLanch. Relying on the HECO mainnet, the coin issuance GAS fee is as low as 40YOU (about 10USDT). It is simple and easy to operate, and everyone can issue coins, which perfectly solves the pain point of difficult coin issuance. CoinLanch's one-click coin issuance is divided into basic mode and customized mode. In the basic mode, the user enters the full name, abbreviation, number of tokens, and coin receiving address of the token, and clicks on the contract to complete the coin issuance. The whole process only takes about 15 seconds. The one-click coin issuance "custom mode" has been launched on Tuesday this week. The customized mode will be customized according to "whether it can be issued, whether it can be destroyed, whether it has a burning mechanism, whether there is a deflation model and other data and contract customization functions", allowing you to own your own tokens with one click. The launch of CoinLanch will shorten the entire process from coin issuance to launch to just 15 seconds, truly achieving zero threshold, risk-free, low-cost one-click coin issuance, and will help YouSwap usher in a new era of one-click coin issuance.

The steps for one-click coin issuance are as follows:

The first step is to prepare the basic coin issuance fee (YOU or USDT) and the gas fee HT on the HECO chain in the digital currency wallet of the coin issuer; the second step is to log in to the official website of YouSwap https://www.youswap.com/, click the "BoomBox" floating ball on the homepage, and select the "CoinLanch" Dapp application after entering the interface; the third step is to connect the wallet personally in the "CoinLanch" one-click coin issuance interface; the fourth step is to check the "moon mode" contract function in the "Token Type" column, and fill in the complete token information: "Token Name", "Token Abbreviation", "Total Supply", "Precision", "Moon Parameter Settings", "Receiving Address", "Handling Fee"; the fifth step is to click the "Authorization" confirmation and "Create" buttons in turn to complete the final link of the moon coin issuance. After the one-click coin issuance is completed, the token will be automatically transferred to the creator's address, and the token can be displayed by adding assets in the wallet.

In addition, CoinStarer is an IDO platform with strategic cooperation with YouSwap. CoinStarer will select high-quality projects in advance and arrange for online sales. For the majority of blockchain project enthusiasts, it is a one-click "new" platform to safely earn "gold" coins; second, it supports multi-chain asset sales. For project parties, CoinStarer supports the fundraising of projects on multiple public chains such as Heco, BSC, and ETH, and innovatively connects the isolated islands of various public chains; third, the diversification of fundraising methods and the freedom to choose from a variety of income forms. The CoinStarer platform will adhere to the principle of striving to protect the rights and interests of investors, continue to optimize and innovate blind box auctions, Dutch auctions, STO, NFT and other subscription methods, and continue to launch new and improve products.

The steps of CoinStarer are as follows:

A. Project Party: The first step is for the project party developers to log in to the YouSwap official website https://www.youswap.com/, click the "BOOMBOX" floating ball on the homepage, and select the "COINSTARTER" Dapp application platform after entering the interface; the second step is to click "Project Application" on the homepage menu bar, carefully read and fill in the complete project information according to the questions; the third step is to check the filled information and select "Submit" to send the project application form. The community manager will review the completeness of the submitted project information and will contact the project party soon.

B. Investor Group: The first step is for investors to log in to YouSwap’s official website https://www.youswap.com/, click on the “BOOMBOX” floating ball on the homepage, and select the “CoinStarer” Dapp application platform after entering the interface; the second step is to find the details of the latest IDO project in the interface, and can participate in the first round of “private pool” (conditional participation, usually users with whitelist qualifications can participate) and the second round of “public pool” (any user can participate, allocated according to the fundraising amount) exchange pool activities of the target project in turn; the third step is to check the project IDO progress bar on the project details page. After the first round of “private pool” completes fundraising, investors can directly click “receive” to obtain the token of the investment project. After the second round of “public pool” is completed, investors can check their winning rate and “receive” tokens equal to the winning amount. If there are assets that have not been won, they can be retrieved together.

Host: In addition to the one-click coin issuance MOON mode and one-click IDO, what other highlights does YouSwap have? Which sectors are worth recommending to users?

David:

In addition to the one-click coin issuance MOON mode and one-click IDO, the biggest highlight of YouSwap is the four-fold mining mechanism: liquidity lp mining, single coin mining, invitation mining and transaction mining. On the YouSwap platform, all users have the opportunity to participate in the above mining activities to obtain YOU. Invitation mining does not require users to invest funds. They only need to activate the miner through the invitation link to become the inviter and invite other users to participate in liquidity mining and receive generous rebates. The invitation relationship can only generate a maximum of two levels, with two invitation methods:

(1) Shared computing power: Send a link to friends (invitees), who pay the mining fee to activate the network and enjoy a 5% additional profit bonus.

(2) Activate miners: The inviter pays the mining fee and activates the friend (the invitee), obtaining a 15% computing power bonus for first-level friends and a 10% computing power bonus for second-level friends. The friend can also enjoy an additional 5% profit bonus.

At present, YouSwap has deployed on ETH, BSC, and HECO chains and opened up the cross-chain bridge exchange function of the three chains. Users can freely conduct cross-chain exchange and participate in mining. At present, on YouSwap, the annualized income of stablecoin mining is about 30%, the annualized income of mainstream currency mining is more than 100%, and the annualized income of altcoin mining is more than 300%, and the highest can reach 1000%. Such a mining and income mechanism is still relatively competitive, and friends who are interested can actively participate.

Host: Who are YouSwap's competitors in this field? What are YouSwap's advantages in comparison?

David:

YouSwap regards leading decentralized exchanges such as Sushiswap and UniSwap as competitors in the Dex track. In comparison, YouSwap has the following advantages:

Compared with other DEXs, YouSwap's first major advantage is that YouSwap has designed a rich and diverse mining mechanism to empower the ecosystem. It supports pledged LP liquidity mining, pledged single-coin mining, transaction mining, and invitation mining rules. It is completely decentralized and can easily realize multi-chain multi-mining, combined mining, low impermanent loss, and high-yield mining investment management models.

The second major advantage is that the extreme deflation mechanism of the YOU economic model is mainly reflected in the following aspects: first, the regular production reduction plan. The first four mining stages (Genesis, Dawn, Arthur, and Peace) last for five years and one month, and the monthly mining release ratio will be reduced by 1% in each stage; second, 100% of the platform transaction fee income is used to repurchase YOU in the secondary market, and it is directly destroyed on the chain and never circulated; third, the infrastructure supporting the platform is gradually improved, and YOU has no shortage of application scenarios, such as IFO fundraising and issuance. Only LP tokens paired with YOU are eligible to subscribe to new coins, mortgage YOU to compete for listing, lending collateral under the financial development plan, and providing lending pools to earn interest, etc., all of which will form an extreme deflationary effect on YOU. Therefore, I personally believe that in the near future, YOU, as the native governance token of YouSwap, will form a value-added closed loop with the long-term ecological development of the platform.

The third major advantage is that the YouSwap platform can conduct public fundraising and one-click coin issuance services. In the early stage, we have carried out two rounds of IDO activities on the Ethereum network. In the later stage, the YouSwap technical team will also launch the initial fundraising and issuance function of IDO for the project party, plus IFO. From the current DEX track, this dual-type fundraising and issuance optional service can only be provided by the YouSwap platform.

Host: With regard to the recent market crash, the prices of major currencies have fallen sharply. Is the value of YOU greatly underestimated? Or is there any other mechanism to regulate it?

David:

I think the price of YOU is of course greatly underestimated. According to the current TVL and the number of active users, the price still has more than 5 times of room to increase. At present, the entire YouSwap adopts the method of repurchase and destruction and extreme deflation. Youswap's transaction fees are 100% repurchased and destroyed, and there are many ways to repurchase and destroy YOU, including IDO, transaction mining, one-click coin issuance and other functions, which will be destroyed. What YouSwap is still doing now is to increase the demand for YOU through various application scenarios. At the same time, it will cooperate with more project parties to empower YOU and create a steady stream of purchasing demand and destruction for YOU. We believe that the day when YOU returns to 1U is just around the corner.

Moderator: Let me ask you one last question: After the launch of the one-click coin issuance MOON mode, one-click IDO and one-click multi-mining, how much traffic do you estimate it will bring to YouSwap? Users are also concerned about whether it will create new miracles. Can you describe the expectations of these three businesses after they are launched?

David:

Regarding this question, you can refer to our activity plan and product launch opportunities. After the launch of the one-click coin issuance MOON mode, one-click IDO and one-click multi-mining functions, I estimate that it will bring huge traffic to YouSwap. In less than a month since the launch of trading and mining on the HECO chain, the number of YOU currency holding addresses has reached an astonishing nearly 30,000, which means that there are many users trading on YouSwap. Trading and mining are the two basic functions of dex. In order to enrich the ecology of YouSwap, we have recently strategically cooperated with CoinLanch and CoinStarer to jointly launch the one-click coin issuance MOON mode, one-click IDO and one-click multi-mining functions to help users realize the whole process from coin issuance-fundraising-launching. And one-click multi-mining will provide more risk combinations and growth opportunities for project parties as a whole, and provide more mining combination products for platform users. Behind multiple product types are multiple benefits, which can significantly increase the mining yield of users and realize the situation of joint creation and win-win between projects, between platforms and projects, between users and projects, and between users and platforms. With the emergence of popular projects and the increase in mining yields, I believe that many new users will participate in the YouSwap ecosystem.

In addition to the features that are about to be launched, YouSwap is also laying out the entire DeFi ecosystem, including lending products, aggregated financial management, NFT trading sectors, stablecoin assets and other directions. YouSwap will participate in them and strive to do its best. It can be said that YouSwap is making a bold and avant-garde new attempt, focusing on connecting the various modules of the DeFi track to each other, supporting each other, blending with each other, and benefiting each other. We have reason to believe that through step-by-step iterative updates and the improvement of product experience, YouSwap will become the "aggregator" of the entire DeFi track, aggregating the top technologies of the entire DeFi industry, and realizing a full-ecological DEX exchange that is safer, fairer, and has a better experience than traditional centralized exchanges.

Question session:

Question 1: Where can I trade YouSwap tokens now?

David: Currently, youswap's only platform token, YOU, has been listed on many decentralized exchanges and centralized exchanges. Youswap itself is a decentralized exchange that can trade YOU. In addition, decentralized exchanges such as uniswap on Ethereum and mdex on heco have also been listed. Centralized exchanges are also online. Currently, Singapore WBF Exchange, the old exchange coin bitz, and the cutting-edge exchange hotcoin are listed.

Question 2: From a mechanism perspective, how does YouSwap protect the rights and interests of users and investors?

David: At the mechanism level, Youswap supports multiple mining mechanisms, and the detailed rules are written into the smart contract. At the same time, it has been audited by two levels of authoritative auditing agencies. It is completely open and transparent, and everyone can rest assured when mining. In addition, all of Youswap's transaction fee income will be 100% repurchased and destroyed for YOU, which can also be viewed on the chain, thus enhancing YOU's value capture ability. As the youswap ecosystem grows and develops, the price of YOU will surely rise.

Question 3: If the threshold for one-click coin issuance and one-click IDO is low, it will be more difficult for users to identify whether the project is high-quality and reliable?

David: Issuing coins and adding liquidity with one click is indeed a decentralized process. Everyone can issue tokens for their own projects. This is also the right that blockchain gives to users through technical means. This is the charm of decentralization. However, IDO still needs to be strictly reviewed by the platform. This is also responsible for users and ensures that the development of the project is healthy. Therefore, when participating in transactions on DEX, everyone must recognize the smart contract, which is the unique identification mark of the project. This is very important.

Question 4: What is the one-click MOON mode?

David: The Moon model is a very popular token model some time ago. It has three characteristics: the first is holding is mining, the second is self-growth of liquidity, and the third is burning and destruction, extreme deflation. The core idea is to encourage holding and punish selling. The very popular PIG, safemoon, FEG and other projects some time ago all adopt this model. You can go and study it.

Host: Thank you to the guest teachers for their wonderful sharing, and thank you to everyone for your active participation and enthusiastic questions. This issue of Blockchain Express ends here. See you next time!