FalconSwap AMA with Crypto Revolution
March 24th 2021 — Eric and Tim co-founders at FalconSwap participated in an AMA within the Telegram Crypto Revolution group. Below is a report of this AMA
Danny | Crypto Revolution
Welcome @eric_falconswap
Eric | FalconSwap
That’s a lot of excitement!
Danny | Crypto Revolution
Happy to have you with us today 😁
Eric | FalconSwap
Thanks for inviting me here Danny
Danny | Crypto Revolution
Yeah. You feel it. Lol
Eric | FalconSwap
Happy to join you for AMA
Danny | Crypto Revolution
People love you. Still 😅😅
Eric | FalconSwap
Haha 😅
They know I was away preparing for something exciting
Danny | Crypto Revolution
Noiceee 😁😁
Danny | Crypto Revolution
Could you please introduce yourself and tell us how did you get involved into Crypto? 😃 ( BTW this is 2nd FalconSwap AMA here boys)
Eric | FalconSwap
Sure, I am co-founder of FalconSwap — A layer 2 protocol which has a lot of innovative products and services. I have been in crypto for many years now and started my career as blockchain developer and worked with multiple companies and exchanges and built innovative products before starting FalconSwap last year.
Danny | Crypto Revolution
Nice. Great Background 😁
Could you please introduce FalconSwap in Layman’s term to the Community?
Eric | FalconSwap
FalconSwap is a layer 2 solution built on Ethereum and soon to be released on other chains like BSC.
FalconSwap exchange collects all the orders in layer 2 and aggregate them before sending them all to underlying AMM pools like Uniswap etc. This saves both gas fees and slippage for traders.We then ventured into Token pool and created gasless token pools for conducting tokensale for projects.
Now there are more services being planned to be released with our V2
Danny | Crypto Revolution
FalconSwap AMA is ongoing chat.Be ready for something BIG… 😁😁
Thanks Eric. That was lovely. Let’s start with hot Questions
What is your take on the uniswap v3 article. (https://uniswap.org/blog/uniswap-v3/ )
Eric | FalconSwap
We’ve been getting a lot of questions about Uniswap V3 and how this will be a magic pill to solve all the issues which was too much expectations from it. They are doing some interesting things when it comes to LP but the relevance of FalconSwap operating on it has not changed a bit.
Danny | Crypto Revolution
Got it. Hah. Love your answer on this one. There is no Magic Pills Chat. 😀
If Uni V3 reduces gas fee, technically FalconSwap V2 should further reduce gas fee, right?
Eric | FalconSwap
Yes
And that’s a good thingIt will be good if they can reduce some gas fees and give some momentary relief but we already have a solution to reduce it even further.
Danny | Crypto Revolution
Noiceee. I know FalconSwap will play the game really well 😉
Okay I think we all ready for the Question FalconSwap Community want me to ask now
Lol 😂😂
Eric | FalconSwap
All set
Danny | Crypto Revolution
Very simple question
When V2?
Eric | FalconSwap
Very good questions, Next week we will launch the V2 contract and start releasing our services
Danny | Crypto Revolution
Awesome
Eric | FalconSwap
We have a new service which I will share later and we will launch with that first
Danny | Crypto Revolution
Man. Your Community is rocking. I never seen such an Excitement. 😁
Next Question 😀
What marketing will be available on launch given FSW depends on significant tx volume of trades for each token pair to gain savings via the aggregation method?
Eric | FalconSwap
The first step for getting to many users and get them to keep their funds in the contract is to add more use cases and services and this is where we will be moving towards.
Plus, we have many promotions planned jointly with projects to get much needed audience and users to generate enough trades to aggregate.
Danny | Crypto Revolution
Awesome. Keep up the good work guys
What’s going on with Tim. Seems he is not very active likely. Hopefully is all good!
For the Chat Tim is the another Co-Founder of FalconSwap
Eric | FalconSwap
Yes all good, he has been involved in the development too
Danny | Crypto Revolution
All pairs tradeable next week?
Danny | Crypto Revolution
Booooom
Welcome @Tim_falcon
😁😁😁😁
Tim | FalconSwap
Hey Danny
Great to be here
Danny | Crypto Revolution
Hey Tim. Welcome man 😁
Tim | FalconSwap
Not all, but we will add many
Danny | Crypto Revolution
Okay now we are completed. The magic 3 😁😁 Me, Eric and Tim
Eric | FalconSwap
We are all here now
Danny | Crypto Revolution
FalconSwap v2 will support all token pairs available on PancakeSwap? How will this work for the BSC network?
Tim | FalconSwap
This is special AMA, couldn’t have missed this
Danny | Crypto Revolution
Yeah man. It it. I’m sure we will have many more here 😁
You guys got this one 😀
Eric | FalconSwap
Most of the BNB pairs on pancake swap.
Danny | Crypto Revolution
Thanks Eric
We are moving to Twitter Questions now.
Eric | FalconSwap
Ok
Danny | Crypto Revolution
I see a lot of Questions from your Community. They will be able to ask in the Live Part 😀😀
Q1 from @naomiama4
When is the external audit of FalconSwap v2 scheduled to start? Will there be a test launch, or is it planned to launch with several pairs of tokens at once?
Eric | FalconSwap
The external audit will start within 2 days and we expect to launch early next week. We have been testing this extensively and this will launched directly on mainnet with multiple pairs.
Danny | Crypto Revolution
Perfect. We all looking forward for it 🙌
Will you create a roadmap for future releases?
How will you continue to improve Falconswap once V2 is live?
Will there be a significant increase in IDO management and will we start having IDOs on BSC?
3 in 1 @eric_falconswap lol 😀
Eric | FalconSwap
There will be a roadmap for what all are the products coming in the future but as you know that we have been adding more products in the ecosystem than we initially planned, it’s not possible to provide what we will be working on after 6 months.
V2 contract has factored in multiple services that we plan to launch on the foreseeable future, if needed we will work on next version with time.
We plan to create permissionless tokenpools on FalconPool as well besides our featured pools.Eric | FalconSwap
These are always the trick questions, trying to get the maximum answers in 1 question.
Danny | Crypto Revolution
Hah. Yeap 😅
Tim | FalconSwap
Our community knows how to aggregate questions 😂
Danny | Crypto Revolution
Lol. Agree here 😁
What’s the new service you are going to launch first?
Eric | FalconSwap
Will answer it soon, Tim is preparing to tweet about that and we will share it here first and then twitter
Danny | Crypto Revolution
Next Twitter Question
Q2 from @ZamoraJoana
What are the core differences between FalconSwap and UNISWAP? Which are your “personalized touches”?
Eric | FalconSwap
Uniswap has an AMM pool, FalconSwap doesn’t
Uniswap does not agreegate order, FalconSwap does
FalconSwap is built to save gas
FalconSwap is an aggregator which can aggregate liquidity from multiple AMM pools like Uniswap, Sushiswap, Balancer etc
Danny | Crypto Revolution
Yeah. FalconSwap is 100× better than UNI boys. Soon all of you will release this!!!
Next one from Twitter
Q3 from @TheShadowJK_1
We are in the presence of a BOOM of layer 2 projects in the ETH network. What improvements has the adoption of this type of technology within FalconSwap brought? Why become a layer 2 project to ameliorate the problems ETH has instead of migrating to BSC or Polkadot?
Eric | FalconSwap
Firstly FalconSwap can operate on multiple chains, not just ETH
About migrating to other chains, that’s for people to decide what they want to use, other chains that are faster may use different consensus mechanism which some people may like or some may not. As a protocol, we are building protocol that can operate on any chain where users trade.
Can not say about other layer 2 projects as I don’t know what you are referring to but FalconSwap is a layer 2 solution not blockchain which means we still give the security of the main chain.
Danny | Crypto Revolution
Thanks you Eric.
Moving to Questions from Reddit now
Hopefully you are not still very tired. Lol
Get a coffee 😀
First one from Reddit
Q1 from thalathildineshann
Do you plan to attract more developers?
Also, I still have a feeling that you are missing developers right now.
There are still too few of them. Loopring and ZKSwap have about 10–20 full-time developers. In all the projects I know of this scale, about 10+ developers are involved.
Eric | FalconSwap
We have never slowed down because of lack of developers. In about 6 months we are launched V1 and FalconPool and we are preparing to launch V2 and new services along with staking. Yes more developers are better but not always, we plan to expand our development team too but that has never been a roadblock. Even with a development team of 4, we have been delivering a lot.
Uniswap took 1 year from V2 to V3, that doesn’t mean that they don’t have access to developers but it means that they spend time on research too which you can’t scale simply by adding more developers
Danny | Crypto Revolution
Great answer here 👍👏
I’ve been following FalconSwap closely since the first AMA here and I know the hard work you put IN guys. Well done!
Next question from Reddit
Q2 from MANUKV
When is the next Ido? -How do you plan to move FSW tokens between the ETH and BSC networks? Will the Binance Bridge be used?
Danny | Crypto Revolution
Next IDO is also interesting personally for me 😁😁
Eric | FalconSwap
We will share the details of the next IDO soon, already talking to many projects who are getting ready to launch. We do plan to add liquidity on BSC too and we will share the date and details of that.
Danny | Crypto Revolution
Last Reddit Question
Q3 from Brave_Initial_758
Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Eric | FalconSwap
We have launched the governance yet but we plan to launch it after V2. There will be a range of decisions that you will be able to take like changing the fee model, token pairs etc.
Danny | Crypto Revolution
Nice 😉
Well thank you for covering all this Questions @eric_falconswap
You are a Heroe 😅😅
Ready for Questions from Community now
Hah
Eric | FalconSwap
Ready for the questions
Danny | Crypto Revolution
Okay and chat is closed
Eric | FalconSwap
Whoa
Danny | Crypto Revolution
Please select 3,4 or more if you would like to and answer them 😁😁
Eric | FalconSwap
Ok
I will try to cover as many I can
Yes, we have them all
Question from Julian MvB ©
Please elaborate on staking, is it going live with v2?
Eric | FalconSwap
Staking will go live after the launch of V2, we are working with a partner for this service which we share soon
Question from MrT Massive
1. FSW V2 include BNB pairs next week as well, right ?
Eric | FalconSwap
First ETH then we will extend it to BNB, we will roll out services and support for BSC in a phased manner
Question from Jade
📌Can you give a little clue when are gonna be launched the final version of the FalconSwap Exchange? Also if i find bugs, where can i report It?
Eric | FalconSwap
We will share the exact details, the rollout of services will start from next week.
Question from Kaido
No one can achieve anything valuable on its own, please tell us about your current and future partnerships that will lead you to success in this highly cramped crypto space?
Eric | FalconSwap
We have partnered with many projects and funds which we share from time to time. You can refer to our ann channel for all of them.
Question from Angelo Salas
You say that thanks to FalconSwap, users can preserve their intimacy and operate at layer 2 without compromising their privacy. What are the mechanisms and systems that your platform uses to ensure that users’ privacy is fully protected?
Eric | FalconSwap
The address used to sign the transaction and the one that sends the txn to blockchain are different. We have added mechanisms in V2 to make it hard for anyone to decrypt these txns.
Question from Che Tut
Do you have plans for the development of the NFT direction?
Eric | FalconSwap
We have been working on identifying areas to integrate NFTs to add more utility to the protocol but we do not have immediate plan to launch it. We will share when we are onto something.
Question from V
Can you elaborate the staking? How about APY for example?
Eric | FalconSwap
The APY may vary based on multiple factors including the use of platform, a portion of the fees generated will used to buy back tokens for staking distribution. Besides this stakers will receive fees discounts and allocations in IDOs
Question Harbit Pandey
As an early adopter and investor, I find it difficult to approach and evaluate the project in the short term it will take longer to fully understand the approval to evaluate the project should invest or not? So to help me understand, can you tell me what plans are made to increase the value of SUPRA Finance in the near future?
Eric | FalconSwap
We do not have plans to increase the value of SUPRA finance 😜
But we are adding more utilities for FalconSwap token holders
Question from Out Of Range 🦅🔥🎖
Falcon Protocol moves towards blockchain agnostic protocols. With this big step, what are the main targets that Falcon swap will achieve. Will FalconSwap and FalconPool add support for the ecosystem for future developments? mr @eric_falconswap
Eric | FalconSwap
Can you please elaborate on this questions?
Danny | Crypto Revolution
May be later 🤣
Question from Cardozzo
is falconswap ready to take at least 50% of uniswap traffic
Eric | FalconSwap
We still send orders to Uniswap, so this is not a zero sum game
Question from Md Ekramul Islam
FalconSwap is a big name… Can’t u give the tokens name as small as possible ?
Eric | FalconSwap
Really, Is that too big?
Question from Taran
Hi eric. Will details of the new service be given out later today?
Has FalconSwap got in touch with influencers to help propel FSW into the spotlight
Eric | FalconSwap
Yes and yes
Question from Smally
You said many UNI pairs — How many pairs — hundreds? A thousands perhaps? If there is only a few, how will you incorporate the rest fast?
Eric | FalconSwap
Hundreds of them, we can expand the list in almost no time. We just don’t support some special type of tokens to keep the V2 contract gas efficient but most of them will be added here eventually.
Question from Rakib Marker
🎯Q: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project $FALCONSWAP also like this? If not can you tell us, What interesting topic makes your project different from other projects?
Eric | FalconSwap
We have working product with multiple releases.
I think we’ve answered many questions
Danny | Crypto Revolution
Yeah. You definitely did
Lol
You covered ton of Questions already
Eric | FalconSwap
@Tim_falcon Ready to share the details of the new service?
Danny | Crypto Revolution
We are already close to 2 hours
Tim | FalconSwap
Yes
Danny | Crypto Revolution
Noiceeeeeeeeeee
Tim | FalconSwap
We are excited to announce the launch of the first on-chain privacy trading protocol on @ethereum and @BinanceChain 🚀🍾
🦾XPRIVACY👀 by FalconSwap 🚀
🔥Instant Privacy Trades
🔥Multi-chain support
🔥Non-custodial
🔥Trading fee discounts to $FSW stakers
Danny | Crypto Revolution
Holly Cow. Send it 😁😁😁😁
Tim | FalconSwap
We have tested out the service
And this is going to be one of a kind service offering privacy trades to users
This will be launched to the public next week
Danny | Crypto Revolution
Yeah. Looks really dope 💪💪💪
Okay guys you can prepare your Final Words for the Community
It was really dope and great AMA today
Chat FalconSwap is one of the TOP Crypto Revolution Projects for 2021. I am Investor as well personally so I recommend them. Awesome and solid team
Btw I personally invite again @eric_falconswap and @Tim_falcon for Blitz AMA next week around V2 Launch 😁😁
Eric | FalconSwap
Thanks again Danny for inviting us for AMA
Danny | Crypto Revolution
What you guys say. Lol
Eric | FalconSwap
It was amazing to be here and chat with such a vibrant community
Can’t say no to you Danny
It’s been a pleasure to join the AMA hereTim | FalconSwap
You’re a legend Danny
Danny | Crypto Revolution
Perfect. We will talk in PM for that 😁😁
Oh no. You are legends guys 😀🙂
Crypto Revolution Telegram : https://t.me/crypto_revolution1
For more information about FalconSwap & FalconPool
- FalconSwap Website: https://falconswap.com/
- FalconSwap Exchange: https://falconswap.exchange/
- FalconPool: https://falconpool.io/
- FalconSwap Medium: https://medium.com/falconswap
- FalconSwap Telegram: https://t.me/Falcon_Swap
- FalconSwap Twitter: https://twitter.com/Falcon_Swap
