Twinci & CafeSwap Finance AMA Recap!
Twinci, the first #NFTs social — marketplace on #BSC had an AMA with the CafeSwap team on Saturday, August 21.
The following Medium post is a recap of Twinci’s AMA session with the CafeSwap team. The recap features questions asked by community members, as well as answers. We were happy to see such a fantastic response from our friends at Twinci, and we enjoyed answering the questions asked by the Twinci team and the community.
Enjoy your reading!
You can see the original AMA conversation on Twinci’s official Telegram Channel here: t.me/twinciio_chat
AMA Transcript:
Moderator 1 (Ella):
AMA (Ask Me Anything) on our Telegram is live with CafeSwap!
📍https://t.me/twinciio_chat
📣📣📣 Do not panic! You are not banned; you will just be mute for the duration of the AMA on Twinci official group.
The AMA will go like this:
👉 Part 1:
- The chat will be closed, and Twinci will ask questions to the CafeSwap Team today.
- CafeSwap will answer the questions
👉Part 2:
- Twinci will ask questions collected from Twitter.
- CafeSwap will answer the questions
👉Part 3:
- Then, we will open the chat for the community. And you will be able to ask your questions 😃
- The CafeSwap team will answer the most interesting questions you’ll ask in the chat.
🎁 $200 in BREW prize for the 10 best audience questions! (5 Twitter winners & 5 Live question winners)
Moderator 1 (Ella):
Everyone! Please welcome CafeSwap team!🙌
CafeSwap Finance CEO & BDO (Breve):
Hello Everyone! It’s a Nice pleasure to meet such a good Community.
CafeSwap Finance Community Head (Prongs Frappe): Hi everyone 👋
April: Hi guys 🔥
xCryptoTurnip: Warm greetings, everyone. It is nice to be here 🙏
Chef: Hello Twinci Community 👋
Moderator 1 (Ella):
It’s nice to e-meet you all. Let’s warm up the atmosphere with some introductory questions, shall we?😊 Can you please introduce yourself?
CafeSwap Finance CTO & Co-founder (Chef):
Hello Twinci Community, A brief introduction about myself: I am Chef, CTO, and one of the Co-founders of Cafeswap Finance. I have been working in Crypto since 2017 and have worked with various reputed organizations. I am a software engineer by profession and handle the development side of Cafeswap :).
Moderator 2 (Don Peter):
Wow. Great!
CafeSwap Finance Communication Head (Prongs Frappe):
I’m Prongs, the Communication Head; I started as a mod and grew very close to the team and the atmosphere they foster
Moderator 2 (Don Peter):
Wow. That introduction gave me some motivation.
CafeSwap Finance CEO & BDO (Breve):
Nice to meet you all. I am Breve, CEO and BDO of Cafeswap Finance.
I have been into Crypto for the last five years and have gained much experience from my journey.
Moderator 2 (Don Peter):
Welcome chief
CafeSwap Finance Partnership Manager (XCryptoTurnip):
I am CafeSwap’s partnership manager. Been into Crypto since 2017, and I love to travel, so I decided to join the NFT hype by blending shots I’ve taken with Crypto. When I recently took this role, I decided it was time to partner with Twinci, as I love what you’re doing here. I started as an investor at CafeSwap but got so excited that I ended up as a MOD first, running the Portuguese/Brazilian community and later working on partnerships.
Moderator 1 (Ella):
Really impressive!🤩🤩🤩
Moderator 2 (Don Peter):
This speech also motivate me
Moderator 1 (Ella):
Can you please introduce your project and the problems you want to solve / Solutions you are proposing
CafeSwap Finance (Chef):
Nice question talking about the project, Cafeswap is a one-stop DeFi solution providing many services, including but not limited to decentralized exchange, launchpad, yield farming, staking, yield optimization, betting house, and NFTs.
Cafeswap was launched in January 2021 with a single aim to become a one-stop DeFi solution and a top-rated cross-chain decentralized exchange to provide users with maximum return on investment by applying yield strategies with an enriched user experience.
CafeSwap Finance (Prongs Frappe):
In terms of community, we try to create a welcoming environment where people feel like they’re part of a warm project, one that puts their interest above anything else.
Moderator 1 (Ella):
Wow, how cool it is! Would you mind giving us some updates recently? I bet there are a lot of interesting updates🥳
CafeSwap Finance (Chef):
Yes, there are! Talking about the recent updates,
We are planning to enhance our business development by pushing partnerships with projects to explore the space better and work together to make Crypto great.
On the development side, we have completed the Cafeswap roadmap v1. We are currently working on Cafeswap Roadmap v2 in which our top priorities are polygon cross-chain launch, step into NFTs with robust staking use cases, ICO NFT Model for better yields, and last but not least liquidity zap feature for new crypto users to ease down the usage of Cafeswap Dex.
Moderator 1 (Ella):
Thank you for the detailed information about CafeSwap! Let’s dive into the second part! Twitter Questions
We have chosen five questions from Twitter for you. I hope you can get our users to know more about CafeSwap. Let’s start with the first question:
“What are the best modes for purchasing, or from where can we purchase the coins? What of the key features which make this project more beneficial than other competitors in the market? from @girlofcrypt”
Good question
Moderator 2 (Don Peter):
Good question! What will be the next tough questions?
Moderator 1 (Ella):
To the CafeSwap team, it will not be tough anymore
CafeSwap Finance (Breve):
You can buy the $BREW token at https://dex.cafeswap.finance
$BREW is also listed on Centralized Exchanges such as Bitmart and Bithumb.
There are a lot of More competitors in the market coming every day. Still, not everyone can promise you to provide good and sustainable yield for a longer time, so we at CafeSwap have been solving this problem for our users and will solve it in the Future along with mind-blowing Features.
That ends the Weekly AMA Series.
CafeSwap Finance (Prongs Frappe):
One thing that makes CafeSwap stand out is the attention to detail. We spend a lot of time thinking about new features and take security very seriously, auditing all new contracts before launching.
I believe that as time goes by more and more people will seek to find a platform that is safe and that offers stable gains. We’re still in the first phases of BSC, so most people want to make a quick buck, but projects like CafeSwap that have stood the test of time will surely come on top in the long run when people focus on steady earning.
CafeSwap (XCryptoTurnip):
I would emphasize $ MOCHA’s unique features, being a deflationary token with a MAX supply of 500k, and that gets the most exclusive staking pools. For instance, we already had $ETH, $BNB, $DOT, and $ADA pools. All of them with sick APRs and we’ll have a new one very, very soon. Please bear in mind you can only buy this exclusive token at our DEX, using 1,2% slippage — also rare for a deflationary.
Moderator 1 (Ella):
Agree
CafeSwap (XCryptoTurnip):
It will become rare by its self-deflationary Mechanism. 👀
Moderator 2 (Don Peter):
Omg
Moderator 1 (Ella):
Congrats, @girlofcrypt to be the first Twitter winner. Let’s come to the second one from @Sophiamangak
“What are your top 3 priorities for 2021? Could you share some plans for the upcoming year?”
Moderator 2 (Don Peter):
For that question, how many answers? you are right. These questions are not enough for Cafeswap.
Moderator 1 (Ella): I can’t agree more
CafeSwap Finance (Breve):
Well, Actually there aren’t only Top 3 priorities for us. Everything we do at our Cafe is a Top Priority for us. Currently, our Top Priorities are Building an NFT & Gaming integration and its Marketplace, Cross-chain Integration, ICO NFT Model, Cafeswap Charting Integration On Dex, UI Enhancements, ZAP LP, and Profile NFT. These are some of our top priorities for the year 2021.
Moderator 1 (Ella): Really nice viewpoint
CafeSwap (XCryptoTurnip):
Regarding partnerships, we are coordinating efforts with NFT gaming projects and some major projects as well as we want to provide more and better investment options to our brewers. We will integrate some major tokens and conclude some deals with major projects on BSC and Polygon.
CafeSwap Finance (Breve):
This is the first sneak peak of our v2 roadmap only at Twinci Community 😉
Moderator 2 (Don Peter):
Does that mean we are first to know it?
CafeSwap Finance (Prongs Frappe):
Yup, the concept is as follows: you participate in ICO and get a chance to mint an exclusive NFT by burning BREW. That NFT will give you some extra rewards when staked.
CafeSwap Finance (Breve):
Yes, Everybody loves it. Our Brewers have demanded it, and we want to deliver it.
We will not only make random NFTs but will bring an actual use case to it.
Moderator 1 (Ella):
Wow, a bargain to all users
Moderator 2 (Don Peter):
Did you get it Twinci family?
CafeSwap Finance (Prongs Frappe):
We’ll see the exact implementation when ready, but that’s the quick concept overview
CafeSwap Finance (Breve):
Yeah. The extra rewards will be exclusive for the NFT Holder.
Moderator 2 (Don Peter):
great
Moderator 1 (Ella):
I really love this question
Marketing is vital for projects to develop faster and achieve set goals. Do you have a strategy to attract new investors to your platform and keep them long term? from @Habib58270459
CafeSwap Finance (Breve):
We are always trying our best to Reach our Cafe to New Investors serving them with Brewed hot beverages.
However, to make this come true, we have a professional team for Marketing who have various Strategies to implement for the Marketing of the Product.
Due to the past few bearish weeks, we could not deliver it, but we have Fueled our Minds with Strong Brewed Coffee.
We are making Partnerships with Top Projects in the BSC Ecosystem. We will run several campaigns such as Art contests and Meme Tournaments with good whooping prizes to claim an interest in the community. So make sure to follow us on all our social handles and Join our official group to hang out with other cafe lovers.
There will also be regular AMAs at our and partnered communities to engage on Telegram, Twitter, and Reddit.
Moderator 1 (Ella):
Cool! Our community will support you.
CafeSwap Finance (Breve):
So do I. I would love to answer curious communities, and it’s our duty.
CafeSwap (XCryptoTurnip):
Our Meme Tournament will actually have amazing rewards, and there will be several opportunities to win in the upcoming weeks. We are also working on a new mascot and rebranding our image.
We have noticed that every community loves pets, so we integrated a funny mascot for our project.
It’s up to your community to guess which funny animal it is.
There will be a $5 reward for the fastest and Correct guess at the end of this AMA.
Hint: It always looks high on Caffeine 👀
CafeSwap Finance (Breve):
I’ll add one $MOCHA on top of that so that the winner can try BREW-MOCHA vault and start Dual Farming
Moderator 2 (Don Peter):
That sounds cool to me.
Moderator 1 (Ella):
Me too, can’t wait till then! Next, we have an interesting question from @Jui65136910
Currently, most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice on why they should buy and hold this token/coin in the long term?
CafeSwap Finance (Prongs Frappe):
I think the best system we have for long-term holding is our DualFarming technique. It allows you to stake BREW or BREW based LPs and earn more BREW and Mocha on top of all.
CafeSwap Finance (Breve):
Cafeswap is not like other short-term AMM pumps the token while the hype lasts and then abandons it. We at Cafeswap believe that innovation is a key to long-term success, so we would like to advise our investors that if you are really here for technology, it will make you financially independent at some point.
We are bringing many new features from which our long-term investors and holders will surely benefit.
BREW is a Native Token, and MOCHA is the one powering our Dual Farm; we can’t force the investors to stay, but if you look at both tokens’ scarcity and have good crypto knowledge, you will stay with us for a longer time.
CafeSwap (XCryptoTurnip):
Not to mention $BREW ‘s pairs, like $ETH, $DOT or $CAKE
CafeSwap Finance (Breve):
Woohoo! The reward got Tripled. There are many hints all over our Cafe you have to look closely at it Everyone.👀
Moderator 1 (Ella):
Nice! The last Twitter question is
What is the use case or utilities of $BREW Governance Token? And do you have any plans for developing into a cross-chain platform since BSC Network faces Network Congestion and there are platforms more scalable, fast, and cheaper than BSC!!? from @Faralak2
$BREW is the main utility token that drives our whole ecosystem.
It is a native token used for all the associations at CafeSwap. In Short $BREW is our Governance token, Which is used to reward the LP providers (Farmers), Participate in ICO (Initial Cafe Offering), Governance Voting, Staking.
Soon there will be more use cases for it like Buying NFT, using it in our Marketplace, Building a Profile at Cafe, etc.
We know the situation at BSC Network, so we plan to go to a fast, scalable, and cheaper multi- chain that is no other than Polygon. There is more multi-chain integration coming for our Product which will be revealed at a later stage.
Moderator 1 (Ella):
Woww
CafeSwap (XCryptoTurnip):
Regarding cross-chain, we are actively developing to integrate several chains, but we have no rush. We’ve seen way too many projects getting hacked on Polygon; for instance, others plunged overnight. Safety is of utmost importance to us, so we prefer to have everything properly audited and tested by reputable companies before launch.
Moderator 1 (Ella):
Agree
CafeSwap (XCryptoTurnip):
We will also use an innovative way to integrate Polygon to prevent harm to our BSC tokens. We truly believe it will greatly enhance it as our BSC tokens will also be usable on Polygon.
More chains will follow soon; I don’t know if @CafeswapCM wants to have the honor of delivering that awesome news?
CafeSwap Finance (Breve):
I would like to but we will reveal when we move forward with something Concrete on the developments.
Moderator 1 (Ella):
I understand. Thank you so much. Your answers have satisfied our Twitter’ curiosity. Now we will come to the most awaiting part- LIVE Questions🔥 Are you ready?
CafeSwap Finance (Prongs Frappe):
Sure 😄
Question 1:
Nowadays, So many Rug Pulls, and exit scams are happening. How Users can trust your project, and how are you different from others?
CafeSwap (Prongs Frappe):
Since February, we’ve been here; our contracts are audited by reputable security firms like Certik or HashEx; on Polygon, we collaborated with Obelisk for our upcoming launch. Our Mocha MasterChef doesn’t have the infamous migrator code. For $BREW, we’ll collaborate with RugDoc to implement a solution that would make it impossible for us to use the migrator.
CafeSwap (XCryptoTurnip):
Wow! I’m gonna take a while so that I don’t miss anybody; please be patient.
Moderator 1 (Ella):
Sure! Take your time
CafeSwap (Prongs Frappe):
I think other members should also pick a question they want to answer and reward the person asking it 😁
Moderator 1 (Ella):
That’s fair😁
Question 2:
As a community-based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System?
CafeSwap (Chef):
We have a referral system on our dual farming users can earn great rewards by inviting friends/family to Cafeswap dual farms at https://dual.cafeswap.finance/referrals
CafeSwap (XCryptoTurnip):
We started by being a PCS fork, but we currently have our own DEX, lower fees, auto compounding vaults, and dual Farming. And we just missed the #round of PCS farms by an inch. Very confident we will get it on round #3.
Question 3:
Can you name us some of your partners or projects you are looking forward to collaborating with? As you told in the AMA, you are looking to bring more partnerships? @CafeSwapChef @ProngsDark. @CafeswapCM
CafeSwap (XCryptoTurnip):
We can’t disclose them here, but please pay attention to announcements as some will be launched pretty soon.
Question 4:
Many projects Rug pulled an exit scam recently. Why should investors trust your project not to do the same?
We are one of the oldest projects that arrived on BSC ecosystem,
Cafeswap is always focusing on security aspects to safeguard users’ funds.
CafeSwap (Chef):
It’s been 7 months since Cafeswap was built on BSC and we plan to do the same in the Future. We attracted much TVL in the past and didn’t want to rug pull or exit scam our investors.
Question 5:
Where can I get all the latest news about? Do you have a Twitter/Telegram/Discord community? If yes, can you share the link here because there are many fake telegram/Twitter groups?
CafeSwap (Chef):
Thanks for throwing light on it. These are our social links:
Twitter: https://twitter.com/cafeswapfinance
Telegram: @cafeswap
Telegram Announcements: @cafeswapann
Medium: https://cafeswap.medium.com
Additional Question 1:
Are you giving benefits for long-term holders? And how do you give it?
CafeSwap (XCryptoTurnip):
Smartvaults end up benefiting long-term holders the most. $MOCHA airdrop after ICO also benefited loyal Brewers since the snapshot was taken way before a long time. And we intend to keep it like this.
Additional Question 2:
Where can I buy tokens? Will it be less expensive or more expensive? Possible all links to all your social media Platforms if possible?
CafeSwap (XCryptoTurnip):
You can buy both tokens at dex.cafeswap.finance. You will need 1.2% slippage to buy $MOCHA.
CafeSwap (Breve):
Ohh there are so many questions, but we were only limited to 5. if it is okay, I would like to answer one question @EllaTwinci.
CafeSwap (Chef):
We do plan to list on big exchanges; we are currently listed on Bitmart and Bithumb Global. We plan to have a tier 1 exchange on our list before getting on Binance; we are more focused on developing our Product, exchange listings will arrive sooner or later.
CafeSwap (Breve):
The reward will be limited to the first Five questions picked. Would you please bear this in mind Twinci Community?
Additional Question 3:
Can you share with us your tokenomics? How much is the total and circulation supply of your tokens? Will there be a buyback system or token burning in the Future?
CafeSwap (XCryptoTurnip):
$BREW is uncapped; there are regular burns. $MOCHA has a max supply of 500k; it gets burnt on transactions.
CafeSwap (Breve):
There are several features that are making us stand out from the crowd.
You see, most farming projects nowadays have only the same copy designs and all the same features. We have to keep that in mind and change the whole UI of our Product as well as we didn’t want to depend on the Pancake router. So we developed our own DEX, which stands out in itself because it is the lowest fee dex in the whole BSC. There is Farming, staking, and many features, but most of them are Smart Vault and Dual farm. Dual farm lets you earn two tokens at the same time.
It’s like You stake LP at our Farm OR Stake that LP in our SmartVault for Autocompounding, and the proof of stake tokens you get, you can farm Rare Mocha token with it.
Moderator 2 (Don Peter):
I thought you would be giving out more rewards.
Moderator 1 (Ella):
You are full of enthusiasm 🤩 Are there any questions left you guys would like to answer?
CafeSwap (Breve):
We loved the response, but there are more than 500 questions, and we can’t give a reward to all, but we can answer half of them, but it’s fine.
CafeSwap (XCryptoTurnip):
I am still checking, way too many, but I will pick a few more if not repeated or already answered. Has anyone guessed the mascot, though?
Moderator 2 (Don Peter):
I am still guessing
Moderator 1 (Ella):
So many questions to answer😊, but only the first 5 are rewarded. Congratulations 🥳
@hienchau67
@Kksaharay
@bessttr21
@Sourabhbijlani
@DiamondStrong4
CafeSwap (XCryptoTurnip):
1 $MOCHA + 6.66 $BREW, right @CafeswapCM?
CafeSwap (Breve):
You can open the group for the guesses @EllaTwinci
Moderator 1 (Ella):
Sure, we will have 3 minutes to open chat again. Let’s go, guys! Get the answer for this quiz.
We have noticed that every community loves pets, so we integrated a funny mascot for our project.
It is up to your community to guess which funny animal it is.
There will be a $5 reward for the fastest and Correct guess at the end of this AMA.
Hint: It always looks high on Caffeine
CafeSwap (Breve):
Sloth is the Correct Answer.
Congratulations! @Sourabhbijlani
CafeSwap (XCryptoTurnip):
I guess we have a new devoted Brewer! Congratulations!
Moderator 1 (Ella):
Congratulations!
CafeSwap (Breve):
If you have gone through our announcements, you would have found it
Moderator 1 (Ella):
A supporter of CafeSwap deserves it.
Moderator 1 (Don Peter):
Great AMA @cafeswapCM @ProngsDark @CafeswapCM @TurnipCrypto
Moderator 1 (Ella):
Thank you for joining us today. I Hope the CafeSwap team will gain more achievement and adoption in the Future.
Twinciers, if your questions haven’t been answered yet, you can join the CafeSwap community to get support. Here is the link: https://t.me/CafeSwap
CafeSwap (XCryptoTurnip):
Just before we finish, I see most of the questions I left unanswered were related to future partnerships. As I said, I can’t disclose them before announcing, but please check our current pools since some of them were launched before those projects did x2 or x5, such as $MCRN and $BBQ, still with crazy APRs above 200% and 400%. Thanks for having us guys; you were amazing as a team and a community!
Moderator 1 (Ella):
Definitely, our community will understand it! Now, that chat is unmuted!
CafeSwap Team
If there’s anything you’d like to learn or if you have questions, message us any time.
