FalconSwap Launch & FalconPool announcement — Community AMA

January 09th 2021 — Just after the launch of FalconSwap mainet and the annoucement of FalconPool, Tim co-founders at FalconSwap participe an AMA with the FalconSwap Community. Below is a report of this AMA

Tim | FalconSwap
Welcome everyone to FalconSwap community
It’s AMA time now
Just before we start the AMA, we just wanted to thank everyone for supporting us all this while and supporting us over the last few months.

Question by Ilgın
Hello, I’d like to ask, how many zero gas fee swap attempt the holders can have and what is the daily reset time ?

Tim | FalconSwap
As of now we have set the limit of zero gas fees trading to 2 txn to ensure fair usage of the platform. The limits are reset every day at 00:00 am GMT.
We are working on staking which will allow zero gas fees option for stakers and the rest will enjoy low gas fees trading.

Question by Mr Cryptooo
Hi Tim! Thanks for your great work!
- What’s the next step?
- When will you add more pairs?
- Can you add an estimated fee price before you order?

Tim | FalconSwap
The next step for FalconSwap is to monitor the usage of the platform and optimise the relayer infrastructure.
We are also working on launching staking
The pairs will be added in the coming days, can not give a specific date but the development is going on at full swing

Question by KB
hello tim was you able to get enough data to start optimizations

Tim | FalconSwap
Too early to say, it’s not even 24 hours since we opened this for everyone, need to go through the detailed logs

Question by Otto
After receiving feedback of the functionality following the launch now that you can gauge how the platform works and what needs to be optimized, have you sen any specific timeline yet for adding additional pairs?

Tim | FalconSwap
Already answered this in the above questions

Question by Lint
Falcon swap needs a relatively high number of users to make sure that swaps are significantly cheaper how does Tim and Eric intend to get these users? How will you incentivise switching on mass?

Tim | FalconSwap
We are looking to attract people for both low gas fees trading and privacy trading
We will add more pairs and are working on partnerships to reach out to a wider audience

Question by -OLIVER-
The platform works perfectly. Congrats on that.
What is the upcoming plan for falconpool ?

Tim | FalconSwap
We are at the final stages of completing and launching FalconPool
We will launch FalconPool next week.
FalconPool is going to a game changer in it’s own space and will provide a unique experience to the users and projects.

Question by Crypto N0ob
Hi Tim! What will be the terms of the staking?

Tim | FalconSwap
We will share the details about staking closer to that launch

Question by Gorro Akelow
Hey Tim, any plans on the upcoming marketing? Thanks for answering in advance!

Tim | FalconSwap
We have already expanded our distribution network and with the recent launch we will only add more.
Moreover, the launch of FalconPool opens up new avenues of joint marketing and promotion of the platform for both us and our partners

Question by CryptoBeard
Congratulations, you guys showed everybody you are legit and can deliver a great product ‼️
The Beginn could be a bit better with the manual before the release but anyway I am looking forward for this great project

Tim | FalconSwap
Thanks to everyone who stood by us all this while.

Question by adri adri
Will the fsw stakers will have guaranteed allocation on falconpool ido.Thanks

Tim | FalconSwap
The allocations will be in consultation with the featured projects. But there will be descent allocations reserved exclusively for the token holders

Question by Last Knight
Why swap ratio on fsw is higher than uniswap ??

Tim | FalconSwap
The price may fluctuate based on slippage

Question by Sonicboy
First of all, I would like to thank you all.
Since I bought it in August, I’ve been following your trends and continuing to buy.
I’m really happy that a great product has been launched.
Thank you very much.
The question is below.
1) Up to 3 transactions can be aggregated? Can 10 or 20 transactions be aggregated? (Does gas become significantly cheaper as it is aggregated?)
2) You tweeted that you aggregated 3 transactions, but can I confirm the fact that you aggregated 3 transactions? I can’t confirm it with etherscan.
3) Is gas zero at IDO?
4) At the time of IDO, will two pools be prepared like POLS? (For FSW holders and others)
-Please briefly list the differences (FSW strengths) from other Layer 2 projects (for example, LRC).
5) It seems that there is no history of transactions in etherscan（looks privacy is maintained）. But can only the development team see the details?

Tim | FalconSwap
1. Even 100 txns can be aggregated. You will see that aggregation magic in FalconPool
2. You can do that by decoding the txn input data
3. Yes, the gas fees will be zero at IDO. Bye bye gas wars
4. It will depend from project to project. Our platform will also have permissionless listings too besides the featured listings we will announce
LRC is another chain, which Falconswap is a layer 2 on Ethereum.
5. We don’t see the txns or store any data.

Question by chlew ✤
For low-volume markets, could you send swaps only after 10 aggregated trades rather than after 60 seconds? This way everyone will be guaranteed 90% savings on fees every time.

Tim | FalconSwap
We are exploring different ways to optimise it. We can’t keep the cycle open for too long as the price may fluctuate on Uniswap

Question by a s
I want ask dear admin falconswap is a revolutionary product but in this biggest comptiting era what is the roadmap to go paramount level sir

Tim | FalconSwap
There are heaps of new features coming. Infact we are doing more than what we initially committed to because we know the value of innovation.

Question by Pokerman76
Congrats on launch! Do you have much tweaking to do before new pairs can be added?

Tim | FalconSwap
Answered this question above.

Question by Razzmatazz
Great job, guys!
Any timeline for marketing and staking? Still about staking, do you already have the math around APY sorted?
Cheers!

Tim | FalconSwap
The staking details will be shared closer to launch.

Question by Thurston Howell
Will the staking be available before the falcon pool?

Tim | FalconSwap
FalconPool is coming first, it’s just a matter of days

Question by Ben
Can you provide any updates on the meeting you had with the liquidity providers?

Tim | FalconSwap
We have finalised the plan for the bots development that they will need to fulfil orders directly on Falconswap

Question by TD
is the contract safe to deposit funds into it ? And is it audited ? Could the team withdrawl funds from it?

Tim | FalconSwap
The contract is audited
[Forwarded from FalconSwap Announcement]
🦅 FalconSwap Audit report is now available on our website

https://falconswap.com/docs/FalconSwapCoreV1_audit.pdf

🚀 100% PASS on all parameters
🚀 0 known vulnerability

We are now getting ready for the mainnet launch 🚀🎉

🗣 Spread the word: https://twitter.com/Falcon_Swap/status/1347527552022155265?s=20

Question by Orkun
Thank you for your hard work dev team!
1) how soon should we expect staking our FSW
2) do you have any plans to make falconswap.exchange like a mobile app when the project got the traction we expect on the market
3) fsw holders need more than 3 gassless transactions daily. When should we expect the arrangements be done for the day holders?
4) when do you plan to add big volume pairs into falconswap.exchange?Again, thanks guys for this amazing product!

Tim | FalconSwap
1. Already answered
2. We are already talking to existing wallets for integrations
3. We will announce that, allow us some time to launch staking and optimisations for that

Question by Joy
Why Fsw is more expensive on Falconswap? How can we gain adoption if buying coins on Falconswap get more expensive? Do you have any plan to improve it?

Tim | FalconSwap
We will work to optimise slippage

Question by Michael Andersen
Great work guys!
What are the next steps and timelines?

Tim | FalconSwap
Answered that above :)

Question by J
What kind of volume did you have during your first day of launch?

Tim | FalconSwap
We will prepare the data and share it

Question by a b
I need to pay fees to deposit eth next for buy fsw and next for withdrawal fsw to mesamask. That all fees Is more that uniswap fee. Where is the saving fees?

Tim | FalconSwap
You won’t be depositing and withdrawing EDTH before and after every trade. You’ll be able to keep the ETH in the contract and trade whenever you want.

Question by Denis
Hello, i swapped eth to 523 FSW yesterday but i get 513 FSW in my ballance. Where is 10 fsw goes?

Tim | FalconSwap
It could either have been the result of slippage or other order matching

Question by dks
I got FSW airdrop is it my gas for deposit returned to me?

Tim | FalconSwap
We didn’t do any airdrop

Question by rypto Kicks In
Hello Tim and Team first of amazing work congrats and all the best
I just one question around adoption is there anywhere we see the current and ongoing adoption rate

Tim | FalconSwap
We will keep sharing the progress dats, it’s early days and all the services will be built for collecting and displaying more info

Question by SS
When are you planing on adding more pairs? Sorry if it has been asked already.

Tim | FalconSwap
It’s answered already

Question by Ilgın
Also please consider an feeless swap attempt counter on exchange screen. By the way huge congratz with mainnet.

Tim | FalconSwap
Thanks for the feedback, noted. And thanks

Question by Crypto N0ob
Hi Team !
Questions below :)
- What will be the terms of the staking?
- How will the next added pairs be chosen?
- When we see the enthusiasm (madness) around Polkastarter, what are your expectations for FalconPool? Have you ever had IDO requests? What is the business model?
- FlaconSwap has used very little marketing so far. What is your marketing strategy in the days / weeks to come?
- What are your expectations for FalconSwap ? What would be a good year 2021 for your business ?

Tim | FalconSwap
1 and 2 have been answered

3. We are building FalconPool as a more refined product than the existing solutions. And about the projects for IDO, we already have a very healthy pipeline of projects looking to launch on FalconPool. We will share more details on the business model after the launch. The first priority to make the platform successful

Question by Humb3rto_ON_tECh .
whats your plan for the next coming 2 week ??

Tim | FalconSwap
FalconPool Launch
First public sale on FalconPool
Optimisations

Question by a s
Dear admin
Many many congratulations for hard working team and tremendous reults outputs can we expect bigger dapp movement withn weeks or months

Tim | FalconSwap
Within weeks

Question by Kartika
Talking about #FALCONSWAP, As we all know that the dex problem is a high slippage … then what is the solution for you and your team about this problem???
And $FSW supports dex liquidity and transaction growth, so what strategies do you use to turn it into a stable token with a higher value than competitors?

Tim | FalconSwap
The slippage comes because of the order size. It’s not a problem but that’s how Uniswap works. We already saves that by matching orders on falconswap before sending them to Uniswap

Question by Enzo
hello team congratulations pir great work the platform really delivers what it promised
What were the marketing plans we talked about that would happen during launch?

Tim | FalconSwap
Answered that already

Question by Polini
when will the website be updated?

Tim | FalconSwap
After the launch of FalconPool

Question by Joe Tate
Will you pin detailed instructions on platform for newcomers who have questions

Tim | FalconSwap
Yes

Don — I will never DM you & ask for funds
There is already a medium post for this & team is also working on video tutorials.

Question by Lint
Suggestion of a daily average fee saving counter and percentage, to show comparison with Uniswap.

Tim | FalconSwap
That’s a good suggestion, noted

Question by a s
Dear admin is there any airdrop program far users in coming days like 1inch uniswap

Tim | FalconSwap
We will share any reward programs

Question by Darrell Gibney
apart from slippage what could be causing a transaction declined message, ive tried to swap 100 times today still no luck
ive done everything correct as in the medium post

Tim | FalconSwap
Firstly you can’t try 100 times because the fair usage limits are still there. The transaction gets rejected if the price changes before it is sent to Uniswap. The relayer rejects the transaction if the trasaction would fail if it is sent to Uniswap. If the transaction rejects, try again

Question by Gorro Akelow
How can the falconpool work and be trusted with anon team? (Not trying to fud just a geniune question)

Tim | FalconSwap
That’s a good question.
FalconPool will be a trustless system and the beauty of trustless systems is that it allows us to be anon without compromising on the security of anyone’s funds.

Question by Cardozzo
So, you re saying that in the future you won’t need to deposit eth to swap in FalconSwap? I didn’t get it. Because if you have to deposit eth, the fee that you’re paying is more or less the same if you d be buying the coin you wished to in uniswap. I don’t see the advantage of FalconSwap here

Don — I will never DM you & ask for funds
No. He meant you don’t need to withdraw the funds again n again from FalconSwap smart contract as it is already audited & safe to use. Thus, you only pay deposit fees & traders can keep funds in FalconSwap smart contract to trade in future, therefore enjoying lower trade fees.

Question by Michael Andersen
A lot of users think that 2 free transactions is not enough. Wouldn’t it be better to raise this amount to, say 10?

Tim | FalconSwap
They are enough. The platform will get completed with staking and addition of new pairs and the limits will revise based on that.

Question by David Straus
Within a swap if you have 10–100 transactions, what determines your price within the order?

Tim | FalconSwap
The average price for whole trade. So everyone will sell and buy at the same price in that txn

Question by $ CC $ | H B | 🦄 S W A P
I tried the platform. The gas fees are free for real! But how long will it last? Also, when it ends, shall users hold FSW to achieve Gasless transactions on falconswap?

Tim | FalconSwap
Already answered about how we plan to revise that with staking

Question by Humb3rto_ON_tECh .
Could we expect to see some New hot pair trading on fsw like poolz, yop, paid network??

Tim | FalconSwap
Already talking to projects for joint marketing and listings

Question by Polini
stakeout comes out this month?

Tim | FalconSwap
We will share the date but I can confirm that the work has commenced on that

Eric | FalconSwap
Adding to that the main bottleneck was protocol development. Things will roll out much faster now

Question by Anthony — Kriptobi
Hello, Do you have AMA plans to promote your project to different country communities ?

Tim | FalconSwap
Yes, did that in the past and plan to do that in the future.

Question by asperix
Are rejected transactions counted towards current daily maximum of two?

Tim | FalconSwap
No

Question by Wolf | $FSW 🦅 | $UMX
When will marketing starts to kick in? Are we expecting Elliotrades and many more youtubers to cover us?

Tim | FalconSwap
Can not confirm the name but we can confirm many people are looking to cover this for their audience in the coming weeks

Question by Cardozzo
So, you re saying that in the future you won’t need to deposit eth to swap in FalconSwap? I didn’t get it. Because if you have to deposit eth, the fee that you’re paying is more or less the same if you d be buying the coin you wished to in uniswap. I don’t see the advantage of FalconSwap here

Tim | FalconSwap
Never said that. I said why do you need to deposit and withdraw everytime. Just keep them there and trade.

Question by TKJ H
Are you planning to list on the exchange?

Tim | FalconSwap
We are the exchange ser. Zero gas fees trades tapping into over $2 million Uniswap liquidity.

Quetion by Richard Cliftons
Will stakers also receive fsw tokens once it’s all up and running? Cheers team 💪

Tim | FalconSwap
Yes

Question by Gorro Akelow
Any upcoming announcements on potential partners?

Tim | FalconSwap
Stay tuned

Question by Alessandro
Congratulations for your great work guys. Privacy was one of the features of fsw and that’s why you are anon. Do you still consider it important now that the focus shifted to ido and launch pool?

Tim | FalconSwap
It is, this will spread once people starts knowing about this amazing feature

Question by John Riggs
Hi Tim Eric and Team …Fantastic job on the launch..Will coinbase wallet be supported on FSW..I wasn’t able to connect it yesterday..Can you share any details on a marketing plan..Thanks Again

Tim | FalconSwap
We have suppoorted walletconnect but we can look into it if you experienced any issues

Question by Dan
First of all, thank you Falcon team for all your hard work! I just want to make sure that you know, and I hope I don’t sound condescending here, In my humble opinion, the launch of a successful DEX will impact the launch of the launchpool. People will base their entire judgement on this. I just hope you have solid plans to bring this to achievement first, with pairs and marketing involved. Innovation is very important, however, the large bulk of the community links FSW with a DEX aggregator. Thank you again Tim, best of luck again, we are falcon believers and we believe in you team!

Tim | FalconSwap
Both the products will go hand in hand and support the adoption for each other.

Question by C
So far what are the present usecase of $FSW now that we already have Falconswap Exchange? What other Usecases are we expecting for $FSW? Why should I buy more now?

Tim | FalconSwap
Having presale allocations on FalconPool is another reason. Plus we will share more features after we launch the FalconPool and start getting projects there

Question by Elder et Elder
1. When are we expecting a video fr0m EIlioTrade and other influencers or marketers? 2. For the sake of next launch, can you please bring along a video on user guide as well when launching?

Tim | FalconSwap
Ellio can tell better about his plans to make video. We have shared all the info with him so far

Question by Cardozzo
Why failed transaction count in those 2 free daily transaction?

Tim | FalconSwap
It doesn’t it was updated

Question by Sonicboy
Thank you for the great answer earlier.
There can be no other than pamp. FSW is a great project.legend.

Tim | FalconSwap
Thanks

Question by David Straus
Will stakers earn APY based on transaction volume from FSW in addition to the Falconpool benefits?

Tim | FalconSwap
Yes

Question by Curu
what pairs can we expect next week?

Tim | FalconSwap
We will share what pairs will be added when

Tim | FalconSwap
Thanks everyone for participating in the AMA
It’s been a long one and I believe that most of the questions have been answered
We will host such more AMAs in the coming days to answer all the community questions.
You have been a great community!

For more information about FalconSwap

• FalconSwap Website: https://falconswap.com/
• FalconSwap Exchange: https://falconswap.exchange/
• FalconSwap Medium: https://medium.com/falconswap
• FalconSwap Telegram: https://t.me/Falcon_Swap
• FalconSwap Twitter: https://twitter.com/Falcon_Swap