AMA Recap: CRYPTO MINERS X METALSWAP

MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators. MetalSwap was created to find a solution to the centralisation of financial hedging on metal commodities. Metal Swap has features:
- Cost minimised
- Trusted
- Decentralized of system
- No need of bank coverage
- Opens 24/7
- Buyback
- DAO governance

We hosted an AMA session with MetalSwap on 8th June.

Mr. Ramsy was the host from Crypto Miners and Metal Swap team was the guest. They shared delightful knowledge and unique features of Metal Swap.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to the Crypto Miners AMA session With MetalSwap

MetalSwap Team:
Hi guys!!

Ramsy | Crypto Miners:
To help us learn more about the featured project of this AMA session, we are lucky to be joined By MetalSwap Team

MetalSwap Team:
are u ready?

Ramsy | Crypto Miners:
Sure 👍

MetalSwap Team:
so happy to be with u guys! let’s do it!

🤩

Ramsy | Crypto Miners:
Let’s get started 🚀

MetalSwap Team:
🚀🚀🚀

Ramsy | Crypto Miners:
First of all Please give us a brief explanation about ‘MetalSwap’ .What popped up in your mind to create such a platform in this Space?

MetalSwap Team:
MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing coverage to those who work

👉 with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project.

💡The idea was to create a platform that would help investors feel more secure when swapping metals and raw materials

With the concept of an economic incentive, given by the distribution of the governance token ($XMT)

⚡️ the system will have publicly accessible pooled liquidity

Through a set of “smart contracts”, initially written on Ethereum, the contracts will make it possible to execute swaps without the need for the middle man at reduced costs and without time restrictions.

Ramsy | Crypto Miners:
Thanks marco for this great start 👍

Now let’s see our second question from this segment

Q2) So what are your main features and advantages that discern you from other Projects?

MetalSwap Team:
Our Main service will be the power to open commodity swaps without the common centralized Middle men

Other great Features of Metalswap are

⚡️Minimized costs

⚡️ Trustless system

⚡️ Decentralization

We also have many satellite-services, i.e. we’ll reward a direct Liquidity Providing for our Swapping pools

🔥With our latest deployment over Polygon Network, we’re adding NFT features like UNIV3 NFT staking https://medium.com/metalswap/univ3-polygon-nft-staking-live-38dbd3f99530
and NFT #ALPHACLUB is going to be born during Q4: preorders are open!
https://medium.com/metalswap/metalswaps-alpha-club-nfts-fd0dff1f9bd0

Ramsy | Crypto Miners:
Moving on…

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

MetalSwap Team:
👀 So far we have always managed to meet the deadlines set on our roadmap, we are very proud of our milestones achieved 👏👏👏

✅ 19/11/2021 IDO ETH ON UNISWAP V3
✅ 27/11/2021 STAKING POOLS 30/90/180/360 dd
✅ 11/12/2021 DAO POWERED ON
✅ 21/12/2021 IRON STAKING POOLS
✅ 29–31/12/2021 1st PROPOSAL DAO (SUCCEEDED)
✅ 07/01/2022 BSC BRIDGE & PANCAKESWAP IDO
✅ 18/01/2022 STAKING POOLS ON BSC
✅ 31/01/2022 SWAP CRYPTO ASSET TESTNET
✅ Q2 2022 XMT LANDED ON POLYGON
✅ Q2 2022 STAKING V3 NFT BUYBACK & POOL

👀 But we aren’t stopping there…

⚡️the next steps on our road map are:

🎯 Q2 2022 AUDITS & CERTIFICATIONS
🎯 Q2 2022 SWAP CRYPTO ASSET MAINNET ETH
🎯 Q3 2022 CEX LISTING
🎯 Q3 2022 SWAP ON METAL COMMODITIES
🎯 Q4 2022 ALPHACLUB NFTs

Ramsy | Crypto Miners:
4) Now Share us about your Native token, What are the some of utlities of $XMT Token in Your Ecosystem? And if possible share to us the Tokenomics

MetalSwap Team:
Our tokenomics is well structured and has broad shoulders:

in the long term, knowledge of our platform will be widespread and $XMT will be increasingly in demand, both to use it and to participate in its governance

Very soon there will be important news about Audits, which will see a collaboration with a major name in this regard.

Ramsy | Crypto Miners:
Let’s move to our last question from this segment

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 MetalSwap If possible could you please share road map with us.

MetalSwap Team:
To date the product has taken 1year, IDO took place in November 2021
Plans for the Future are going straight to the Main app from Kovan TestNet (the last phase is coming very soon!) to Ethereum’s MainNet!

The next steps on our road map are:

🎯 Q2 2022 AUDITS & CERTIFICATIONS
🎯 Q2 2022 SWAP CRYPTO ASSET MAINNET ETH
🎯 Q3 2022 CEX LISTING
🎯 Q3 2022 SWAP ON METAL COMMODITIES
🎯 Q4 2022 ALPHACLUB NFTs

⚡️We have an Audit planned for our roadmap, and we are obviously working on that internally and later with external known Auditor companies

👀Security is paramount to us, and until our Mainnet Release it will be part of our main focus

MetalSwap’s greatest focus is on the security and functionality of its framework.

👉This is precisely why in addition to having verified our Smart Contracts in several Open Test phases there is a marked Audit campaign planned with the help of external companies

Ramsy | Crypto Miners:
Thanks Marco for this well detailed introduction about MetalSwap:)

And that’s the wrap up of our the first part of the AMA session ✅

MetalSwap Team:
Is everything clear untill now? Give me a thums up 👍🤩

let’s go for the second 🔥🔥🔥

Ramsy | Crypto Miners:
Let’s proceed

Segment 2️⃣: Twitter Questions

1) Staking is one of the best features of every project. And I read that Staking program is live on your dApp on Ethereum and BSC blockchains. Can you please explain more about the staking program? And what is the differ of classic pool & IRON Pools?

MetalSwap Team:
$XMT Staking pools (currently Live on ETH & BNBchain) are the best tools on offer to investors to minimise the risk of market volatility because all members of the pool preserve together the value of the $XMT

👉having their token freezed on a timelocked smartcontract gives less sell pressure over time

ETH and BNB chain staking pools
https://app.metalswap.finance/#/pool

Lock XMT over ETH to get MetalSwap’s Liquidity representing artistic NFTs over Polygon Network

Iron Pools are one of MetalSwap’s innovations and have had very high interest due to their GUARANTEED return, which is precisely why they have currently run out of access slots

Ramsy | Crypto Miners:
2- I read that MetalSwap introduced their first ever NFT collection: ALPHA CLUB! Can you talk about this? What’s so special about your NFT? How and where can we get it?

MetalSwap Team:
Our ALPHACLUB NFT is going to be deployed on MATIC’s chain to represent a Liquidity freezed over ETH!🔥🔥🔥

You can Pre Order now MetalSwap’s NFT By
clicking the link
https://app.metalswap.finance/#/preorder-nfts

to get a full-dive in it, check our Medium: https://medium.com/metalswap/metalswaps-alpha-club-nfts-fd0dff1f9bd0

👀 in this case the NFTs are backed by a certain amount of $XMT
So the least value that these NFTs is always covered by a precise amount of $XMT

This new kind of NFTs has never been seen before in DeFi! 🔥

ALPHACLUB NFT tokens will:

👉 Represent locked up liquidity
And your NFT are returnable to receive your liquidity back
👉 Gives the opportunity to obtain bonuses/boosts
With it you’ll get a chance to boost your rewards over on MetalSwap’s platform
👉 Have a growing artistic value
And it will be exchangeable over different marketplaces

🤩Can you imagine anything cooler? 🔥🔥🔥

Ramsy | Crypto Miners:
3- Do your coins have farming and staking applications, and if so, what APR do you offer us? Is farming and staking used in your enterprise, and if so, what APR do you offer us?

MetalSwap Team:
The staking program is active on our dApp on the Ethereum and BSC blockchains.

To date, there are two types of pools:

On the Ethereum network after the completion of slots on the Iron Pools the 360-day Pool is now active

while those on BSC at 210 days remain operational

‼️Let’s not forget Acryptos where it is still possible to put XMT into farming and the rewards will expire in 20 days from today.

Anyway there are interesting developments on new unseen staking Pools on BSC network.

Stay tuned for new developments 😉

We also have many satellite-services, i.e. we’ll reward a direct Liquidity Providing for our Swapping pools
With our latest deployment over Polygon Network, we’re adding NFT features like UNIV3 NFT staking 🚀

👉 https://medium.com/metalswap/univ3-polygon-nft-staking-live-38dbd3f99530

Ramsy | Crypto Miners:
4- I read on your website that Holders of Governance can express their opinion on the worthiness of the proposal, so where we can express it? do you have website or platform where your users can share their opinions?

MetalSwap Team:
⚡️XMT is a Governance Token

so Every decision that the DAO will take, you too will be able to vote if you own your XMT, your voting power will depend on how much XMT you are holding or staking

Everybody can create a Proposal f and let the DAO to Vote for deciding MetalSwap ‘s Future

Our first proposal went live last year, giving us the aim to be a Multichain token!
In fact we’re currently live on 3 different chains: ETH, BNB & MATIC

👉 https://app.metalswap.finance/#/governance

Ramsy | Crypto Miners:
5- How secure is your platform to use? Have you done audits of smart contract? What security measures are adopted from bugs of smart contract and hacking

Here is our last question from twitter

MetalSwap Team:
⚡️We have an Audit planned for our roadmap, and we are obviously working on that internally and later with external known Auditor companies

Security is paramount to us, and until our Mainnet Release it will be part of our main focus

⚡️MetalSwap’s greatest focus is on the security and functionality of its framework

This is precisely why in addition to having verified our Smart Contracts in several Open Test phases there is a marked Audit campaign planned with the help of external companies

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

MetalSwap Team:
What a project guys! Thank you for all the great questions ❤️

Ramsy | Crypto Miners:
Now moving to the last segment — Live QnA

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Amina Peter:
I want to buy your token to be early, can you drop links for buying or tell me how can I get the token?

MetalSwap team:
We have 4 ways to get $XMT, they are all through DeFi and are as follows

⚡️UniSwap V3 Ethereum Chain:
https://app.uniswap.org/#/swap?inputCurrency=0x3e5d9d8a63cc8a88748f229999cf59487e90721e&chain=mainnet

⚡️UniSwap V3 Polygon Chain:
https://app.uniswap.org/#/swap?inputCurrency=0xadBe0eac80F955363f4Ff47B0f70189093908c04&chain=polygon

⚡️AcsiFinance BNB Chain:
https://app.acsi.finance/#/trade/0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE/0x582C12b30F85162Fa393e5DBe2573f9F601f9D91

⚡️PancakeSwapBNBChain:
https://pancakeswap.finance/swap?inputCurrency=0x582c12b30f85162fa393e5dbe2573f9f601f9d91

2) 𝐧𝐚𝐫𝐛𝐞𝐞𝐧 𝐧𝐚𝐲𝐚:
For this project, where can I get the latest information and what is the latest plan for your project?

MetalSwap team:
Here it is!
https://www.metalswap.finance/assets/documents/whitepaper_metalswap_eng.pdf
Or summarised on our Medium https://medium.com/metalswap/token-overview-225434ac5ca

You can stay up-to-date following our official channels, every alpha is shown here!

3) Its Elvis Ford
How much is the Minimum and Maximum APY% of staking assets on Iron pool ? also is it fixed or it can be changed depend on amount of stakers ?! Also is there any Min or Max token limitation for Staking ?!

MetalSwap team:
👉Iron Pool is a new type of Staking Pool. There’s limited slot number available and so you have a minimum APY guaranteed.
👉The Team decide a certain amount of XMT to incentivize this pool and a number of slot that can take part
👉Once the pool is sold out you reach the minimum APY
Now the Iron Pool’s are Sold Out (!) So They Reached the minimum, 40% APY

If you want to take part in a normal Staking Pool you can find in Ethereum Chain and also in BNB chain

⚡️Stay tuned here on our Telegram Official Group (ALPHA MODE:ON!), brand-new pools are coming soon on our Official WebApp!
https://app.metalswap.finance/#/pool

4) Vipin:
I realized that creating an innovative mechanism for obtaining NFTs ( Non-Fungible Token ) but given that I saw overgrowth of these assets results in deflation & market collapse so How can you maintain the balance between production & demand of NFTs to prevent such issues?

MetalSwap team:
Now it is possible for $XMT holders to stake their NFT coming from UNIV3 directly to our main app and get rewards in $XMT and $WMATIC !
https://app.metalswap.finance/#/nfts

So in these cases the NFTs are representing the pool’s liquidity and therefore there is no risk from market collapse.

As Mentioned, We have another brand new NFT Collection: 👀
Our ALPHACLUB NFT is going to be deployed on MATIC’s chain during Q4 to represent a $XMT Liquidity freezed over ETH! You can Pre Order now MetalSwap’s NFT By clicking the link.
https://app.metalswap.finance/#/preorder-nfts
to get a full-dive in it, check our Medium: https://medium.com/metalswap/metalswaps-alpha-club-nfts-fd0dff1f9bd0

And in this case the NFTs are backed by a certain amount of $XMT
So the least value that these NFTs is always covered by a precise amount of $XMT

This new kind of NFTs has never been seen before in DeFi! 🔥

ALPHACLUB NFT tokens will:

👉 Represent locked up liquidity
And your NFT are returnable to receive your liquidity back
👉 Gives the opportunity to obtain bonuses/boosts
With it you’ll get a chance to boost your rewards over on MetalSwap’s platform
👉 Have a growing artistic value
And it will be exchangeable over different marketplaces

5) Itz Abhi:
I read
“MetalSwap will reduce costs & will enable decentralized commodity trading without intermediaries and no time limits “

Can you tell me what products I can buy & sell on your platform? Can you also tell us about the advantages for trading with MetalSwap?

MetalSwap team:
MetalSwap will be used for commodities swaps and not for buy and sell, it is used to have the insurance of commodity swaps over digital assets, in a DeFi manner

On Metalswap you’ll get an INSURANCE OVER PRICE VOLATILITY

With its technology, MetalSwap aims to offer insurance coverage on all kinds of assets and commodities

We are solving problems that are already being solved in centralized systems, so why solve them in DEFI? 👀

All of this is done in total decentralization, 24 hours a day, 7 days a week

*This segment ends here*

MetalSwap team:
Thanks again for all the great questions stay tuned for more news from MetalSwap!

It’s been a pleasure collaborating with the team Crypto Miners 🔥

Ramsy | Crypto Miners:
Thankyou so much Marco For your valuable answers and information about MetalSwap,
It Was Pleasure Hosting An Ama With You

MetalSwap Team:
It’s been a pleasure collaborating with you!

thank you! see you next time

Ramsy | Crypto Miners:
We Wish all the very best for Project MetalSwap And The Entire team behind the project ❤️🤝

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