On November 4th 2021, our community had a chance to welcome Mr. Bruce Hughes – CEO/Co-founder of EAGONSWAP to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
EagonSwap (https://twitter.com/eagonswap) is the 1st & Leading DEX with IDO Launch Pad, built on the trio of Polygon Smart Chain, Ethereum & Binance Smart Chain.
At this AMA, Mr. Bruce Hughes directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 20:00 PM (UTC+7) | Thursday, November 04th, 2021
Reward Pool: 200$ for members with the best questions.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF EAGONSWAP
1. Can you briefly describe what is EagonSwap? We would like to know more about it and how it works.
Mr. Bruce Hughes: Eagon swap is a community driven state of the art decentralized exchange platform built on the polygon network with an automated market making functionality and cross linkage interoperability across the polygon, ethereum and binance blockchain networks, the very first of its kinds to have this trio of blockchain interoperability. Cheaper, faster, generation 3 solutions….
Our platform is equipped with the Eagon pad system, a decentralized pioneer community governance launchpad Forum built on the polygon network, with the primary objective of generating and creating liquidity through the Eagon liquidity VAULT network for certified polygon blockchain projects.
The EagonSwap ecosystem has put in place a robust network to integrate and harness the resourceful NFT market, the staking/yield farming protocols and gaming world into the EagonSwap niche.
Equipped with a dedicated team of professionals across diverse field and spheres of life, we hope to stand out in the coming months as one of the legendary projects to positively shape the crypto ecosystem.
CF: That’s a very detailed introduction of EagonSwap. Many thanks!
2. Could you please tell me the mission and vision of EagonSwap in the near future?
Mr. Bruce Hughes: Our mission and short term vision is outlined in our project whitepaper and road map, we have the following lineup of events scheduled to be achieved in the coming weeks.
-Completion of the EagonSwap IDO phases 1,2 and 3.
-Distribution of the Eagon swap token to all private and IDO participants.
-Listing of Eagon token on multiple exchanges Dex and Cex
-Coingecko and coinmarketcap listing.
-Distribution of token to community airdrop participants.
-Official launch of the EagonSwap Dex and Eagon pad IDO launchpad system.
-Launch of EagonSwap farming/staking platform.
And many more in strict compliance with our project road map goals.
CF: Sounds really impressive. We do love it so much and hope your team will achieve your great goals in the near future.
3. What are the unique features does EagonSwap provide as compared to other projects?
Mr. Bruce Hughes: Thank you, we have good people in the project. Eagon swap dex system:
-Eagonpad IDO Launchpad system
-NFT market platform
-Eagon pad wallet/mobile app
-Staking/yield farming platform
-Eagon VAULT system.
-Community governance network through the Eagon pad system.
-Trilogy cross-linkage interoperability across the polygon, ethereum and binance smart chain networks.
We believe this unique relationship between these 3 major chains allows for a healthier environment of growth for all parties.
CF: The information you provided is really fruitful. To continue today’s AMA session, please provide more information by responding to some best questions submitted by members from Twitter that I have chosen right in this Group. Let’s dive into Part 2 with some good questions from the form and Twitter!
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
1. From @Lidiamga
My experience using DEX, there are 5 biggest weakness from Decentralized Exchanger like EagonSwap: its about Speed and effeciency, Scalability, Difficult to contact support, Only Crypto to Crypto, Sustainability. So how did EagonSwap manage to solve this kind of weakness?
Mr. Bruce Hughes: The weakness addressed in this question exist because of 2 reasons, increased security and reduced manipulation. DEX exist as an alternative against CEX. CEX are open to manipulation, wash trading and human intervention.
So whilst people have speed of transactions or quick support, it’s at the expense of custodianship, security and human interference. Each can exist and each appeal to different people. Planes and cars exist in the transport system. Neither is trying to be the other, but both are needed. Same is true for DEX and CEX platforms.
2. From @Rockabye1985
In my opinion, most of DEXs take a certain time after the initial launch to stabilize and gather a critical mass of liquidity and trading volume. How long does EagonSwap estimate to achieve stability? What is your plan to achieve this stability as soon as possible?
Mr. Bruce Hughes: In all projects, stability is achieved through 3 things: Security. Community. Sustainability.
The speed at which that stability is achieved is often accelerated by an educated and equipped community. We already have security protocals in place, which will be under constant review. We have a sustainable offering with our reach into NFT and gaming markets…..The variable is the community. Which is why AMA sessions like this are key…if we can create a healthy community, equipped with information and rewarded for interaction and integration, then stability will be the natural by-product.
3. From @DeJuaan11
Many swap projects are built on the BSC network, so can you explain apart from the relatively low gas costs, why did you build EAGON on a polygon network? Are you planning to bridge or cross-chain to other platform like BSC, ETH, Cardano?Like DEK pancakeswap, privateswap, etc?
Mr. Bruce Hughes: I love this question. Currently most swap projects are actually built on Etherium . BSC has the second highest. We chose polygon because it’s an improvement on both, technically. That, coupled with Coinbase commitment as the 2nd largest exchange globally, to build their NFT market on the Polygon chain, makes Polygon the obvious choice for accelerated growth in the DEX, NFT and gaming arenas. However, we have cross chain interoperability with both BSC and ERC too…so we get the best of all 3.
CF: Really amazed by your insightful answer. Polygon is obviously a good choice together with top 1 exchange Coinbase. The following question comes from Twitter
4. From @Samanth8a
What are the requirements for projects to be eligible for IDO implementation at #EagonSwap? And how will #EagonSwap help the project after it has been chosen? How will you attain high level of transparency and decentralization accross your platform?
Mr. Bruce Hughes: This is a rigid process, but I can summarize it like this: The development team works through document proposals, before presenting to the community to vote on… Here’s the full explanation:
Application is filled and submitted by Projects that intend using our IDO platform. These applications are throughly assessed by the EagonSwap team and the authenticity of such projects determined, a process that eradicates fraudulent projects to keep our community of investors safe. Subsequently, there will be a voting process in the community, during which the community members vote for the projects to be enlisted in the IDO platform. Successful projects are then listed and participants are requested to participate using the EagonSwap token and in future the Eagon pad token. Prior to the IDO exercise, the Eagon swap project and its community of investors embark on media publicity for the enlisted project. We also expose such projects to our investors community and offer our Dex for listing purposes.
CF: And the last question for our Guest today. We’re so curious to learn more about this quality project
5. From @duetdaily
Many fundraising platforms simply focus on supporting other projects in the launches, but can fundraising really support these new projects even more? Could you tell us how else EagonSwap will support your partner projects after their IDO?
Mr. Bruce Hughes: Fundraising is important but not critical. Creating an ecosystem with dynamic and robust functionality allows for projects to continue to grow their own offerings and services. If an ecosystem stagnates, or becomes redundant, then those partners will move on to find a better solution. Our commitment is to keep our platform and ecosystem robust enough, whilst maintaining security, so that partners can build profitably and confidently in our ecosystem. That includes providing a dynamic “turn key” interface to allow for fast infrastructure builds for those partners.
CF: That’s the end of Part 2, I believe all of the members here have gathered enough useful information, also they have many questions to exchange with you today.
PART III: BEST LIVE QUESTIONS IN CRYPTOFAMILY GROUP
1.Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does EagonSwap team deal with these issues?
Mr. Bruce Hughes: Regulations surrounding DEXs are robust and changing constantly in each territory. We continually monitor and adjust accordingly.
2. I’m not a trader in any way. What other features do you offer in your product package besides derivatives trading? Please feel free to share items on your roadmap! Is the EagonSwap trading platform up and running? if not, Is there any way for us to sign up for early access?
Mr. Bruce Hughes: The DEX is designed for continuous development of multifaceted uses. Think Lego, to build an entire world, vs just a trading platform. We are currently in IDO PHASE 2, and so it’s possible to get early mover advantage through this current phase.
3. Can you tell in which wallets I can use Eagon swap? Can I use it in Trust wallet or MetaMask? Also do you have your own wallet or do you plan to release it?
Mr. Bruce Hughes: Yes….you can use in both metamask and trustwallet. Ensure you have set it on the Polygon network.
4. Why should I choose EAGONSWAP, what are your COMPETITIVE ADVANTAGES, Can I get the following services if I choose EAGONSWAP, which of the following is available on EAGONSWAP
- CRYPTO FARMING
- CRYPTO LOTTERY
- NATIVE TOKEN
- GOVERNANCE TOKEN
- CRYPTO PASSIVE INCOME.
Mr. Bruce Hughes: Yes, as per the answers in AMA.
5. Will you have the support of social media influencers? What is your target audience and how do you plan to reach them?
Mr. Bruce Hughes: We are constantly engaging with Influencers who share our goals and vision.
CF: Thank you so much for taking your time to join our AMA today, as well as thanks for hundreds of good questions from our community.
Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
SOCIAL MEDIA PLATFORMS:
Mr. Bruce Hughes: I want to thank the entire community, as well as the amazing host for this session and your team for having me in your group. I trust we have brought value to this group, and we are appreciative of your time and support.
Appreciate you and your time. Best AMA session I have been invited to…such a high standard. Thank you.
CF: Hope to see you again soon and thanks so much for joining us today. We all hope EagonSwap will expand soon and realize its goals in the near future. Cheers!