O3 Swap AMA Recap

01 Sep 202017:08

AMA

O3 Swap AMA Recap

Cryptodiffer Team

Hello, everyone!😁

We are glad to meet here:

Mark Stanwyck, Director at Avalaunch
Dave Donnenfeld, Director at Avalaunch

Dave Donnenfeld

Thanks Maks. Appreciate you having us today

Mark Stanwyck

Hey everyone! Pleasure to meet you all.

Cryptodiffer Team

Welcome Mark and Dave, thank you for taking your time today!

Dave Donnenfeld

Mark can be slow to get started but once he gets going, look out.

Cryptodiffer Team

😎
Our team has prepared 3 questions for you to start with!
Let`s start with the introduction!
Q1: Can you introduce yourself to our community?

Dave Donnenfeld

Sure. Happy to do that. Coming right up
As for me, I’ve got pretty a varied business background both entrepreneurial and more traditional, having founded a behavioral company which saw me segue onto the private equity side of things. I’m a published writer from mainstream magazines to prescriptive non-fiction and even fiction so I ended up working with investment memorandum that was part marketing, legal and accounting so I got a good sense of what makes things go. When I got into blockchain a few years ago, it kind of stumped me as to how little attention is paid to fundamentals and during the ICO craze of 2017 how truly irrational people could be. I thought there has to be a way to smartly crowdfund projects and here we are.

Mark Stanwyck

Absolutely, my name is Mark Stanwyck and I am one of the Directors at Avalaunch. I’ve been in technology for close to 20 years. Although I tinkered with crypto dating as far as back as 2014, I did not begin to appreciate its potency until 2016 and have been involved in blockchain ever since. Avalaunch is for me the culmination of understanding both the promise and disappointment of crypto. When we started seeing what was possible in DeFi and the real value being created, it intrigued me. When I saw the opportunity to contribute to the health and well-being of new projects, Avalaunch seemed like a great way to contribute. The Avalanche platform represents a true innovation (the first since Nakamoto consensus) and this is where I see me and our team living for the next decade.

Cryptodiffer Team

Perfect, thank you for intros gents!
Now, it is time to speak about Avalaunch!

Q2: Can you introduce Avalaunch to us?

Dave Donnenfeld

Of course. From the website: "The first protocol, exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure, and efficient platform for decentralized fundraising." That tells part of the story. The fundraising space is moving at breakneck speed while today’s today’s decentralized platforms are slow, expensive, and often siloed. With the Avalanche ecosystem coming to the fore and the number of projects being built on it, we believe it will offer performance advantages and true interoperability. Since we’re aiming to build a better launchpad, this is the place to do it.

Mark Stanwyck

Avalaunch is a next-generation launchpad that focuses on investors the teams raising through us, and the communities that grow out of those IDOs. Many launchpads have confusing and unfair allocation methods and we look to move past all that. We focus on fair and broad distribution so the teams utilizing our platform can start our right.
Done.

Cryptodiffer Team

Perfect, thank you for answers!
The last question for us before we move on to community questions part is:

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Dave Donnenfeld

Fortunately, we’ve been able to communicate with Ava Labs to really bring a pedigreed product to the chain. We believe that in due course we can solve the technical issues that seem to be the norm and really to build something that is fair, can award the contributors to the platform and bring genuinely innovative projects to Avalanche and the community. Blockchain innovations are accelerating faster every day, it’s time for fundraising to catch up. On a codebase level, we're moving to audit in the next couple of weeks and are planning on running our first sale on Avalaunch in May. Our MVP will feature fair allocation for several class of users as well as project management features for the teams.
Our MVP really focuses on a first in class experience compared to other launchpads. From there, our roadmap items include several types of upgrades which build upon different sale types, vesting and distribution.
Security features and other forward looking initiatives.
Done

Cryptodiffer Community

where can we find out the IDO / TGE / Listing?

Dave Donnenfeld

There is no IDO actually. We are going to be listing on Pangolin in May. Details can be found in our TG, twitter and Medium although we have not announced yet.
Thanks. Will do.

Cryptodiffer Community

a lot of scam projects out there, guess what guarantees that your project is different from them?

Dave Donnenfeld

I think the team and our advisory speaks to the level of legitimacy of Avalaunch.

Cryptodiffer Community

How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?

Mark Stanwyck

Of course, the Turkish Avalanche community is quite large, and we are developing a relationship with them in order to spread the message far and wide. We will be looking to branch out to other countries as well.

Cryptodiffer Community

WHY do you feel EQUALIZER has to be created, what's the purpose behind you creating EQUALIZER as project. ?

Dave Donnenfeld

That's a different project that involves flash loans.

Cryptodiffer Community

1. Increase Token price
2. make it a Valuable Token
3. Build Community Trust

Q: From the 3 aspects above I would like to ask which one is the most important for you and your project? If all of the above aspects were important to you Which would you do first?

Dave Donnenfeld

I think building community and support is essential and the rest follows. If you listen to the community closely, they will tell much of what you need to know.

Cryptodiffer Community

What value of economic benefits will Avalanche bring to the users of the Avalanche platform? Attracting Users in the first stage of launching the ecosystem is very important, so with a new direction and model from Avalanche , how will you do for users to trust and use?

Mark Stanwyck

The real value here is our emphasis on community and funding the right types of projects. All of our allocation rounds are focused on supporting the right sections of the Avalanche ecosystem, and we hope that the early members see our efforts in this area.

Cryptodiffer Community

How do I get other projects to raise funds using Avalaunch?

Mark Stanwyck

Put them in touch! We also have an application on our Twitter bio.

Cryptodiffer Community

When will more Avalanche Blockchain be used? What is Avalaunch doing for the mass adoption of its blockchain?

Dave Donnenfeld

I believe there are over one hundred projects currently being built on Avalanche in varying stages of development. I believe this will bring it to the fore.

Cryptodiffer Community

The native token of Avalaunch is $XAVA. Can you tell us more about the $XAVA token in terms of its utilities, tokenomics and benefits to users/holders in the long term?

Mark Stanwyck

This token is used to gain allocations in our sales in a very fair manner, but we also have rounds that do NOT require you to hold the token, so everyone has a a chance to participate. The value of the token is tied directly to the value of the sales held on the platform.

Dave Donnenfeld

Thus far, we've been approached by numerous projects for Avalaunch. There is an application and process found on our website avalaunch.app

Cryptodiffer Community

You mention that you seek to further benefit the community and investors, but aren't fundraisers really just beneficial for projects? or really how could these benefit users? will be obtaining more profit in pools?

Dave Donnenfeld

Fundraising is the lifeblood of the ecosystem and there are tons of early contributors who benefited greatly from the success of a given project.

Cryptodiffer Community

-Why do you believe Avalaunch is the future of Fundraising? What are the problems it aims to solve that other IDO platform cannot?

-What criteria do you look out for before hosting any project for fundraising on your platform? Can any project apply?

Dave Donnenfeld

I think there needs to be some fundamental rules in place for projects. Right now, it’s a little wild west and I think if there was real governance on launchpads right now, they’d want to see fairer whitelisting processes, stronger fundamentals and larger public raises. It seems intuitive yet it’s not a standard practice.

Cryptodiffer Community

In trying to raise the bar in fundraising, what new features, products and protocol have Avalaunch put in place to ensure that it surpasses what other fundraising platforms have been doing?

Mark Stanwyck

First and foremost, we are simply more fair in terms of our allocations. Beyond that, because of the Avalanche platform, our sales are cheap and fast, without the high fees and congestion you might see elsewhere.

Cryptodiffer Community

Can you say 3 unique points that makes your project different from others?

Mark Stanwyck

Guaranteed allocations, true emphasis on the community, allocations for network validators.

Cryptodiffer Community

What is the Avalanche you are addressing in the market? What is the opportunity you are exploring? What is the problem you are trying to solve?

Dave Donnenfeld

In short, to build a better mousetrap in the launchpad space. Current products are inefficient, engage in unfair practices and really don't consider the end user enough.

Cryptodiffer Community

What is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?

Mark Stanwyck

Ultimately to accelerate the growth of the entire ecosystem. Look out for our listing and launch next month.

Cryptodiffer Community

Does your project have a bonus package for members, if so, what are the terms and requirements for rewards?

Mark Stanwyck

No bonus packages, but token holders are guaranteed allocations

Cryptodiffer Community

As Avalanche supporter, what can we do to help bring the masses to the project? As me personally, may I write an ama_article about Avalanche on my Reddit, Medium, Steemit or my other social media? of course by requesting your permition first Sir Thanks

Dave Donnenfeld

Yes Maegan, by all means, feel free to write about us. We appreciate your interest. I think the current development on AVAX is going to help expose it to the masses and on our end, I think continuing to develop worthwhile projects will make an additional impact.

Mark Stanwyck

Our whole goal here is promotion of the Avalanche chain. It will being awareness to the entire ecosystem.

Cryptodiffer Community

I have tried to find information about your team everywhere but couldn’t. Maybe I didn’t search properly? Please share with me information about the team. It is important to gain the trust.

Dave Donnenfeld

Go to the website avalaunch.app to check out the team and advisory.
We do indeed Dolores. I think having international contributors to a project is a must today.

Cryptodiffer Community

Avalaunch is a platform built for investors, team and community.
Can you tell us how each of these stakeholders benefit from your services?

Dave Donnenfeld

Stakeholders will be primarily interested in participating in the upcoming crowdsales

Cryptodiffer Community

I could read that they will have various functions such as auctions, pools and more, but could you really tell us about what the transaction fees would be? If they are relatively high, will it be necessary to implement Layer2 to reduce them?

Dave Donnenfeld

Avalanche is that solution. Fast, low fee and interoperable

Cryptodiffer Community

What is the hardest thing you've encountered in setting-up Avalaunch? And, how did you overcome it?

Mark Stanwyck

At this point, the integration with the chain was quite easy, that's one of its benefits 🙂 Our staking contracts are quite complicated, but thats why our dev team is made up of some the best in the business.

Cryptodiffer Community

Much of the problems in DeFi is due to the ignorance of these systems, now that Avalaunch wants to inform and train investors, could you tell us what methodology will be used to achieve this "training"? Will it be totally free or only for investors?

Dave Donnenfeld

We don't offer training. Self-education in crypto is important

Cryptodiffer Community

What are the risks associated with this project from the investor's point of view ?

Dave Donnenfeld

Like any new project on a rising chain, the risks should be self-evident.

Mark Stanwyck

Our of the box, they are very low. Less than a dollar relative to the $50-100 you might see on ETH. We really like ETH, but the fees are very tough at this point.
Platform risk, project risk and market volatility would be the big ones.

Cryptodiffer Community

Good project progress is what investors are looking for. How would you like to make users more interested in this project? What facilities are in the Avalaunch project? and Will Avalaunch have airdrops?

Dave Donnenfeld

I think bringing good projects to the platform will generate and sustain interest.

Cryptodiffer Community

How to keep the motivation for holding $XAVA tokens long term? How is $XAVA token used?

Mark Stanwyck

Allocations in the sale, so if you want continued allocations, it would be a good idea to hold.

Cryptodiffer Community

How can Avalaunch platform keep funds secure? What are the benefits of using Avalaunch protocol?

Dave Donnenfeld

As a decentralized platform that aims to take a smarter approach to crowdfunding, we believe the benefits are myriad.

Cryptodiffer Community

Could you really tell us what you mean by "The current decentralized platforms are slow"? really slow? if there are many Dex platforms that transact in seconds? or can they really be made much faster?

Dave Donnenfeld

They can be made much faster, less expensive and more efficient in terms of fair launches and fundamental assurances.

Mark Stanwyck

Because of congestion and scalability issues at the base layer, many other chains suffer from these issues. With Avalanche, these things aren't an issue, which means they aren't for us.

Cryptodiffer Team

Thanks for your time

Dave Donnenfeld

Thanks Maks and a big thanks to the Differ community.