Venue : @Crypto_miners_Community
Date : 14th September, 2021
Time : 2PM UTC

Guest : Ufiswap Team
Team shared with us a well detailed insight into the Project and Unique features of Ufiswap…


Hello everyone and welcome to the Crypto Miners AMA session with Ufiswap

Thank you all for joining us today!❣

Jerry Sherman -

Im glad to be here with the Crypto Miners community to host this great AMA

To help us learn more about the featured project of this AMA session, we are lucky to be joined by @jerryufi Welcome to our community 🤝

Jerry Sherman -
I hope i will answer all your questions today

Q1) Can you give a brief explanation about 'Ufiswap' .What popped up in your mind to create such a platform in this space?

Jerry Sherman -
Ufiswap is a decentralized peer-to-peer protocol that people can use to create liquidity and trade BEP20 tokens. Ufiswap's progress is intended to create a broader range of network effects. Rather than limiting itself to a single solution, intertwines many decentralized markets and instruments. Thus far, the core products, which will be described in more detail here, include a decentralized exchange, a decentralized lending market, yield instruments, and staking derivatives.

Coming against Pancakeswap/Uniswap with derivatives included with Yield Farming, Staking, NFT, and UfiStarter.

Q2) So what are your main features that discern you from other projects and what robust advantages do you have?

Jerry Sherman -
Most Dex projects have only normal swap and trading, but with Ufiswap you can explore both DeFi, NFT, and decentralized derivatives with farming and lottery as features.

In Ufiswap you can explore all the DeFi space, all in.

Q3) How has the experience and background of your team been effective in the success of your project so far?

Jerry Sherman -
Being anon for now is the key of success, most successfull projects started with an anon team including Doge and Bitcoin.

The product and the features of the project are more important than anything, better look to the future of the project and the development than looking to the background of the team.

We have locked 75% of the total supply for the next 1 year to avoid doubts, only 25% will be circulating for the next year.
No dumps.

Q4) can you share more details about the Ufiswap Tokenomics,is there any particular vesting schedule if so can you share more about it?

Jerry Sherman -
75% of the total supply is locked for 1 year
Yield Farming: 30%
Reserve: 20%
Marketing: 14%
Bounties: 10%
Team: 10%
Token Sale: 6%
Private Sale: 5%
Airdrops: 5%

The initial circulating supply when listed on pancakeswap is 6M UFI

Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Ufiswap? If possible could you please share road map with us.

Jerry Sherman -
We were developing Ufiswap from 5 months, we were working hard to bring our product to the community.

This is how our Ufiswap App will look like

For the roadmap it’s better to read it directly from our website

SEGMENT 2️⃣ — Twitter Q & A

Q1.According to UfiSwap, With our easy to use interface, you can easily swap your tokens with a low fees and high security. How diffenet and unique this Swap tool comparing to Apeswap, Uniswap etc? is there any registration needed to get access? And what is your native token like Banana and Cake?

By @cryptokid789

Jerry Sherman -
Ufiswap is unique and better than Uniswap/Pancakeswap why?
Ufiswap has:
Low fees (compared to Uniswap)
Yield Farming
UfiStarter (Launchpad)
NFT Marketplace

2)In you Roadmap Q1 2022, I saw you are plan to Website Update, include New Features and introduce 'NFTBox'. Can you explain more about NFTBox ? How exactly it works? Is there any criteria to get NFTs with this feature?

By @kingrahul135

With NFTBox you can create, sell and buy NFTs easily without coding knoweledge

3)Its great to hear that UfiSwap $UFI will listing on 20th September on PancakeSwap. So beside PancakeSwap, do you have plan to listing on other exchanger? and if you dont mind to answer, why choosing PancakeSwap to listing $UFI?

By @shihadk6785

Jerry Sherman -
Right now we're on Binance Smart Chain, so the best option for listing will be Pancakeswap.
That's what the community wants, also yes we have plans to be listed in a Centralized Exchange after Pancakeswap before the end of september (one of the top 10 exchanges).

4)How does Ufiswap handle government regulations and boundaries? And What mechanisms / strategies do you use to keep users motivated and present on your platform? What can the Ufiswap platform guarantee or promise in terms of the security and privacy of its users?

By @cryptosky72781

Jerry Sherman -
The security of our user's funds is one of our priorities.

The security is high in our app, also because we're DeFi no one can steal users funds even if he gets to the website's database.

5) Partnership plays a very important role behind the success of every project. Could you please share us with the latest partnership of Ufiswap ecosystem also what are the benefits we can expect from this partnership?

By @des_mond_hume

Jerry Sherman -
Acces blockchain accociation
Soon Anyswap

SEGMENT 3⃣ — Live Q & A

Queen Saira:
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?

Jerry Sherman -
The audit is in progress, we will share it with the the product launch in a youtube AMA with our partners?

∆∆ MoNkEy D lUFfY ∆∆:
Will this project be available on different languages, do you plan to add local communities

Are you GLOBAL.?

Walter White:
Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?

Jerry Sherman -
Yes, more languages will be available but as that we're just in the launching period we only have the English community for now.
We will add more languages in the near future.

Ikra 2:
✍️While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Jerry Sherman -
Of course, community feedback is one of the most important things that we take care of.
Also, we think about our investors more, as that we're giving them the opportunity to join our project in a low price and easy rules.

💞crypto heart💞:
You plan to implement a cross-chain bridge. Which network are you supporting for Inter-Chain asset bridging and how will two external networks be bridge within the #UfiSwap protocol? Will your bridge only support specific tokens or can it power any assets on supported chains?


Jerry Sherman -
We will be thinking more about multi-chain and cross-chain bridge in 2022, as that we're launching we'll just start with Binance Smart Chain.

I saw on the ending part of your whitepaper that UfiSwap will develop a product called "UfiStarter". By the looks of it, I would assume that this will be a launchpad platform or incubator that can support new and emerging projects. Can you tell us more details about this product?

Jerry Sherman -
Ufistarter is a decentralized launchpad that will support new projects coming to the crypto community, giving investors also the chance to early join those projects and secure the investors from being scammed by making a legal document for the launchpad pool.


Follow Ufiswap here for the Latest Updates…💎



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