SpaceSwap AMA Recap

SpaceSwap AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

@SpaceSwap_MILK and @SpaceSwap_SHAKE from SpaceSwap team!

SpaceSwap Core Team

Hello, everyone! Thank you for inviting us to AMA 

Its a pleasure to be here

CryptoDiffer team

Q1: Can you introduce yourself to our community, maybe you can share something about your background ?

SpaceSwap Core Team

Who we are : The best engineers and blockchain opinion leaders came together about a few months ago to bring another level of value to the crypto community. We are these guys, but we prefer to stay anonymous — developers aren’t into publicity. Instead, we are fully focused on one great purpose — to benefit the DeFi community, not to hype up another trend.

We have been in the industry for more than 8 years already and know what people need as a good product

The SpaceSwap project is the future aggregator of major DeFi protocols. It will start with providing an improved version of the Uniswap protocol – the tokenomics model has been recently presented by the team. The smart contract will be checked by independent, respectable auditors, having already successfully completed testing in the mainnet. The countdown to the epic release has begun on the website. SpaceSwap promises to revolutionize the DeFi industry and show users what yield farming should be like!

Many news about our team will be announced step by step in the medium and other media sources , so keep an eye

it will definitely interest you =)

CryptoDiffer team

Q2: Can you briefly tell us what is SpaceSwap in 3-5 sentences?

SpaceSwap Core Team

1: It’s definitely not another boring project like we see many out there these days, and will definitely shake up entire DEFI industry 

2: SpaceSwap offers a revolutionary approach to yield farming by uniting an extensive range of liquidity pools in one place

3: It will launch different projects step by step under a single platform and eventually will become a super aggregator of major Defi services in one place

CryptoDiffer team

And the last one from us, everyone prepare your questions, we will open the chat soon:

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

SpaceSwap Core Team

09.09 is the time for SpaceSwap Version 1.0 to shine! We will create a Uniswap fork with juicy features: MILK governance tokens, earning on transactional fees and many others.

    Q4 2020 is for new products. SpaceSwap starts to support Curve, Compound, Yearn and wBTC products.

    Q1 2021 — SpaceSwap is in its prime! SpaceSwap will become a DeFi superstructure covering major DeFi protocols in one place.

    Q2 2021 — meet the emperor — SpaceSwap. The platform aims to be a major player in the DeFi industry, outpacing its competitors.

Milk Coins and Shake coins will have the following logic: https://medium.com/spaceswap/tokenomics-spaceswap-33aece9983f0

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

If we want to be included in the liquidity pools you will create, what kind of incentives will you offer to the first entrants and how will the first entrants contribute to the liquidity pool?

What kind of a profit system will be created with MilkyWay (MILK) and MilkShake (SHAKE) token rewards and how will it be shared fairly?

SpaceSwap Core Team

Hello. It’s a good question. We’ll our project has no Premined tokens. When project will go live on Uniswap, all people will be able to provide liquidity and get a best rewards at the beginning. More info about tokenomics you can find here: @SpaceSwap

SpaceSwap DeFi protocol is preparing for an epic blast-off! Early adopters will get more MilkyWay(MILK) coins, tasty APY rates and yummy MilkShake(SHAKE) coins – who could resist MILK Shake with all these extra cherries on top? The new one-stop-station will unite major DeFi protocols and become a milking cow for yield farmers who like BIG profits.

Cryptodiffer Community

Personally, I consider two things in any project: the security and ease-of-use. Does SpaceSwap have these two things?

SpaceSwap Core Team

This is a very good point. Security is very important for us and we try to improve many problems that Sushi and other protocols made so far. We have contacted many different audit companies to check our smart contracts. 

Also we will try to make sure our process is as easy as possible so as many people as possible can enjoy our service.

Cryptodiffer Community

how did you come to the idea to create Coin Millk and Shake ? whats the difference?

SpaceSwap Core Team

What is MilkyWay (MILK)?

Being SpaceSwap’s native token, MILK is the reward paid to liquidity providers. During the generation of the first 100,000 blocks, MILK coin rewards will be increased ten-fold (1,000 MILK) for distribution among early adopters. With the generation of the next block, these coins will be unlocked and sent to liquidity providers in proportion to their deposit. Afterward, each block will generate 100 MILK coins.

What is MilkShake (SHAKE)?

Another  SpaceSwap coin, SHAKE is a stablecoin pegged to MILK at a 1:1000 ratio. Users can buy SHAKE with MILK to reap extra profits. The coins are inter-exchangeable. Out of the 0.3% standard LP reward, 0.05% goes towards buying out MILK on the market – these coins are distributed among SHAKE holders. MILK and SHAKE also can be deposited in the MILK-SHAKE pool which boasts higher APY rates.

Cryptodiffer Community

How to be motivated to use the SpaceSwap? What are the benefits?

How does SpaceSwap select DeFi to support?

SpaceSwap Core Team

Our project is fully transparent means we are not CEFI dictators who wants people money Instead we made it super legit and made 0 PREMINED tokens. Even us dont have any milk yet and we have to either mine it or wait for a 3% dev reward benefit. 

Keep in mind we have 3% not 10% like sushi does with a dev reward means we do not have any interest to dump price of milk coins. 

Interssting thing is we have special super coins called Shake coins .

1000 MILK coins is 1 Shake coin , means the price of Shake coin will be 1000 times higher than milk

Cryptodiffer Community

What is your plans in place for global expansion, Is #SPACESWAP  Is focusing on only market at this time?

Or focus on building and developing or getting customers and users, or partnerships?

SpaceSwap Core Team

We want to build an eco-system which will allow all users to take an advantage of a DEFI revolution. 

In addition we will eventually become a special place where all DEFI projects can list their own pools and in exchange all milk holders and shake holders will not just receive great APY and milk coins, but also will get coins of other new projects which community voted for.

Cryptodiffer Community

How does SpaceSwap plan to dominate the DeFi market?

SpaceSwap Core Team

Answer, we will just take it over nicely and quietly =) Good project  get attention naturally.

Cryptodiffer Community

How do you manage to achieve high APY rates in the MILK-SHAKE liquidity pool?

SpaceSwap Core Team

APY for Milk-SHake will always be the best because ratio of Milk to Shake is 1000:1 and Shake will give a lot of extra powers to its holders

Cryptodiffer Community

The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space?

SpaceSwap Core Team

Nobody says it will be a smooth road to success but with good IT specialists and great ideas generators we can rock this industry quite quickly

Cryptodiffer Community

Most investors want to invest in work products or MVP. What is the development status of your SpaceSwap product at the moment?

SpaceSwap Core Team

The project is almost ready and going public in 1 day and 1 hour

Cryptodiffer Community

SpaceSwap promises to shake up the DeFi industry! What revolutionary tokenomics model and what profit options does SpaceSwap offer?

SpaceSwap Core Team

1) No Premined tokens for a team (we are not here to make money on people, we are here to build great products and allow everyone to enjoy them)

2) We have 3% dev reward system not 10% like Sushi or any other dodgy products out there 

3) We are not just a fork of sushi or uniswap , we are an aggregator means one platform will have many many different DEFI services 

4) Any project will be eventually allowed to create their own pool on our platform and all Milk holders and Shake holders will receive their tokens for free as holders

Cryptodiffer Community

How secured and safe is SpaceSwap from malicious acts of hackers and various blockchain attacks?

SpaceSwap Core Team

The team of developers is working tight-lipped on the smart contract and token distribution model. Striving to avoid the typical mistakes made by recently appearing DeFi protocols, they did not just fork Uniswap’s protocol… instead, SpaceSwap is offering a refined and improved version!

Currently, the SpaceSwap team is negotiating with leading crypto companies (for example, Kaspersky Smart Contract Audit, Hacken, OpenLaw, Mintable, Delphi Digital and others). They will perform an independent audit of the smart contract. 

“Safety is our number one priority. Striving to avoid the mistakes of newcomers in the DeFi industry, we keep checking each and every piece of the code. Our team has already tested the smart contract, so we’re expecting positive results from the independent audits. If any potential code breaches are revealed, we’ll fix them immediately,” – said SpaceSwap’s development department.

Cryptodiffer Community

We all know that DeFi is booming right now, just like the ICO back in 2017. Not all will survive after the boom, only a few will stay and will earn the trust of the crypto community.

What are the characteristics of a successful DeFi project that will be able to survive and stay relevant even after this boom? Do you see SpaceSwap fitting in the picture?

SpaceSwap Core Team

Yes you are right, like Binance was born in this great times, also will be the same with DEFI. We want to become as big as possible and transparent as possible. We are sick of manipulators in this industry who control people ETH BTC and all other assets. We want it to be DEX style industry and it will eventually become 100% transparent

Cryptodiffer Community

So as a meeting-point of “MILK” liquidity provider, how do you guarantee to bring more COWs ?

SpaceSwap Core Team

Liquidity migration on the way

When the first 100,000 blocks get minted, the liquidity tokens will be moved into SpaceSwap contracts. Here’s how it will be organized:

    Users stake their Uniswap LP tokens on SpaceSwap

    After mining of block 100,000, they will be redeemed on Uniswap with respective tokens

    New liquidity pools will be initialized from the used tokens

These pools will work the same way as Uniswap ones do, with a few additional features including higher rewards for MILK-SHAKE pool users and the distribution of fees among SHAKE coin owners.

When the transition of tokens is finished, the protocol will be activated instantly. Stakers won’t have to transit their tokens manually and will continue getting MILK token rewards for providing their liquidity.

Cryptodiffer Community

How do you manage to achieve high APY rates in the MILK-SHAKE liquidity pool?

SpaceSwap Core Team

Sharing is caring

In line with Uniswap’s tokenomics, SpaceSwap will incentivize liquidity providers from exchange fees. Additionally, users will get a reward in MILK tokens and distributed over all active users, according to their stake (%) in the pool.

SHAKE coin owners are eligible for an additional reward. Out of 0.3% standard pool reward, SpaceSwap takes 0.05% to buy out MILK from the market — these coins will be distributed among SHAKE holders.

They can further increase earnings by storing assets in the MILK-SHAKE pool: it boasts higher APY rates than other pools. During the reward distribution, SpaceSwap will take only 3% of the MILK tokens for the team and for operational expenses.

Cryptodiffer Community

Ethereum-based DEFI is getting very expensive, will SpaseSwap services be more affordable?

SpaceSwap Core Team

Yes, Ethereum-based DeFi is very expensive, true, but most of all crypto users using Ethereum. The SpaceSwap team is working to solve that problem, stay tuned and you will see how we will solve that problem

Cryptodiffer Community

Can you tell us the motivation and benefits for investors to hold the $MILK token for long term..? What are Team’s plans to make Spaceswap a top project on Coinmarketcap?

SpaceSwap Core Team

Sure. The tokens $MILK and $SHAKE are governance tokens and 1000 $MILK tokens = 1 $SHAKE token, so if you will get more $SHAKE tokens, you will have more profit

SpaceSwap Core Team

here we go we have another article published about us just few mins ago :

Time to MILK Some Liquidity Pools: How SpaceSwap Makes It Possible

Lets rock this place up People ! Happy milky days everyone, good luck !

Thank you for your time and questions. It was a great opportunity to participate AMA here.

You are welcome to come and ask all questions in our TG @SpaceSwap

Cryptodiffer TEAM

Perfect! Thank you guys for your time, appreciate this

thank you everyone who took part today!

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