Hakusan of Haku Swap dropped by to talk to Andrew, our Editor-in-Chief, about the exciting things they have been working on and to take some questions from the community.
To celebrate the AMA, five members from our community who took part in the question-and-answer segment were selected to win a share of prizes worth $100!
If you would like more information about Haku Swap, please visit their website at https://hakuswap.com/.
Andrew: Alright, folks! It’s time for our AMA with Haku Swap! They’re joining us to talk about their project and answer some of your questions.
Here’s how it’s going to work:
- I’ll mute the chat so our guest can easily respond to my questions.
- After answering my questions, I’ll unmute the chat so you all can ask your questions.
- You’ll have two minutes to get your questions added to the chat.
- After the two minutes are up, I’ll mute the chat again.
- Our guest will select 5 questions and answer them.
- Those 5 questions will be the winners of our $100 prize pool!
- Our guest can then choose to answer more questions if they have time to stick around.
- I’ll unmute the chat and you all call can discuss how you think the AMA went.
Now, let’s get this party started!
Andrew: @thehakusan Are you ready to tell us about Haku Swap?
Andrew: Let’s do this! Thanks for taking the time to join us. To get things started, could you tell us what Haku Swap is and where the concept for the project come from?
Hakusan: Hakuswap is a brand new DEX AMM on the Avalanche Blockchain!
🤑 We offer the lowest fees with the highest possible APRS!
We have the best features to ensure our community has a great experience with swapping and earning at Hakuswap.com!
💪 Our exchange combines the best features from Pancakeswap, Spookyswap, and Trader Joe to give investors low fee swaps, fee sharing with our xHAKU staking pool, NFTs, Metaverse, Virtual Real Estate, NFT staking, and more!
Andrew: That’s awesome! Sounds like there is some exciting things you guys are getting ready to kick off. I’m looking forward to checking it out!
Hakusan: Dexes need to be strong to handle high traffic and web load and safe for all users to learn so we searched for the best theme that represented that.
Haku is one of the three holy mountains from Japan and we felt it stood for exactly what we wanted to build, so please join us at Hakuswap.com!
Andrew: That’s so cool! Such a great way to name a project.
As we all know, there are so many projects out there. What makes yours unique and why should people invest?
Hakusan: 📈 One of the best features at Hakuswap is our staking program called xHAKU. Here HAKU can be staked to xHAKU earn 25% of all the trading revenue from Hakuswap automatically.
How it works is this: Every time a user trades they are charged a low swap fee of only 0.2%. 0.1% of the swap fee is rewarded back to the liquidity providers, 0.05% of the swap fee is collected for the Hakuswap Treasury to fund operations, and 0.05% is reserved for xHAKU.
One or 2 times daily the 0.05% from the swap fee is collected and used to market buy HAKU!
This market purchased HAKU is done automatically with our smart contracts
Along with the continuous market purchases of HAKU through the swap fees there is a 30 day waiting period to unstake from xHAKU to HAKU. You can unstake at any time but if it’s done within 30 days a 4% fee is assessed.
🔥 2% of the withdraw is burned
👨👩👦👦 2% of the withdraw is shared back with xHAKU
This will incentivize long term xHAKU holding. We envision 70% of the circulating supply to be locked with xHAKU very soon. 🚀
We’ll also be added a number of features to buy and burn HAKU with our NFT market place, Meta Verse, Virtual Real Estate, and other features we add down the road.
Andrew: Nice. That is a pretty legit feature!
Plus, it sounds like you’re working on adding more and more features as you go.
On that topic, your project roadmap is pretty ambitious and filled with awesome checkpoints.
What are some of the future developments you are most excited about?
Hakusan: Thanks! We think so too. We wanted to design a dex my self and the team would actually want go use!
Andrew: Those always end up being the best projects, ones that the creators also want to utilize!
Hakusan: You can check our road map here: https://docs.hakuswap.com/roadmap
The Focus of Hakuswap will be to incorporate low fee swaps, high liquidity, nfts & the metaverse.
We want to attract all the best play to earn, nft, and metaverse projects on AVAX and beyond to join us. Our team is hard at work designing a virtual world based in japan which will be available for purchase! You’ll be able to own your own parcel of “Haku Mountain”!
Our first play-to-earn game is in development and should be released in a few weeks. It’s a battle between the Spiritual Mountain Monks of Mount Haku vs the Dark Valley Ninjas.
Andrew: That sounds sweet! As I’m sure our community knows from the other AMAs I’ve hosted, I’m an NFT nerd so I’m really looking forward to seeing all the come to fruition!
You mentioned a metaverse component where people will be able to own a parcel of the Haku Mountain. That’s cool!
Could you break that down a little more and tell us what that is going to look like?
Hakusan: Land is a scarce resource and there will only be a certain amount of land available. Each plot will be unique with its own attributes and capabilities, and HAKU earning potential.
As we develop and build the world we’ll be releasing more exciting details 🗻
Andrew: How fun! I’m looking forward to checking that out.
Your token sale and launch are kicking off tomorrow. Talk to us about the details and how people can take part.
Hakusan: Sure thing!
We wanted to make the token sale as EASY as possible for anyone who wants to get in.
We are going to kick off our exchange with a liquidity generation event on Monday Jan 17th!
The HAKU token sale starts at 5 PM UTC on January 17th which is this Monday.
🚀 HAKU Token Sale
The HAKU token comes to Avalanche on January 17th at 5 PM UTC ONLY at the Hakuswap.com Token Sale Launchpad!
✅ Sale Price: $0.40 USDC
✅ Raised in USDC
✅ Per Wallet Cap: $5000
✅ 1,250,000 HAKU for Sale (1.25% of HAKU)
✅ $500,000 USDC Hard Cap
✅ First Come First Serve
✅ The sale is open for 12 hours or until sold out
✅ $500,000 initial HAKU-AVAX liquidity
Get ready for the sale here: https://hakuswap.com/iho
625,000 HAKU will be added with $250,000 of AVAX to kickstart the HAKU-AVAX liquidity and ensure sufficient liquidity for swapping.
More information can also be found on our blog: https://hakuswap.medium.com/introducing-hakuswap-avalanches-best-dex-amm-with-the-lowest-fees-and-the-highest-aprs-346afd66db57
Andrew: Great! Thanks for sharing. Sounds like tomorrow is going to be a HUGE day for you guys. Looking forward to seeing you and your team kill it!
Focusing now more on your users, what are some plans you have to grow and engage your community?
Hakusan: Partnerships are critical to the success of an exchange. 😁
We have a deep business development team that is in communication with nearly every major project on the Avalanche community.
👨🌾 Be on the look out for new farms, staking pools, and trading competitions coming to Hakuswap!
As a DEX we are built to support our partner projects liquidity, APR, and development. We are fully committed to growing the Avalanche ecosystem.
If you’re a project be sure to apply with our partnership application so we can open a farm, trade mining, and a staking pool with you!
The more partners we can successfully onboard, the larger our community becomes ❤️
And of course we’ll be hosting tons of fun weekly events, giveaways, meme contests, town halls, and things like that
Andrew: You’ve got that right!
Sounds like you and the team have everything ready to rock and roll.
Speaking of your team, talk to us about them. Who do you have involved and how will their unique skills help Haku Swap succeed?
Hakusan: Our team consists of highly experienced crypto developers, marketers, business developers, copy writers, and designers and community managers.
We have 3 full time developers building the dex, and implementing all of the code to ensure the swapping experience is perfect.
Our marketing team has worked at a number of the top crypto projects and will be pushing out some great social activity.
Overall our team is strong and will help lead Hakuswap to become one of the top Dexes on Avalanche!
Andrew: What a squad!
Looks like you have a well rounded team that knows what they’re doing.
If everything goes as planned, where do you see Haku Swap in the next year?
Hakusan: We see Hakuswap to provide a seamless swapping & metaverse experience for the community. Maybe we’ll see some VR!
The first goal is getting to $100m TVL then $1BN!
Andrew: Nice. Looking forward to seeing all that come true!
I have one last question before we open it up to our audience.
Where are the best places to follow your project and join the Haku Swap community?
Hakusan: The best place to get in touch with us in on our twitter or telegram!
We also plan to open a discord in the next week or two
Be sure to join the Haku Swap community so you can be along for the ride!
Now, it’s time for our audience to share their questions.
I’ll unmute the chat so you all can ask your questions. You’ll have two minutes to get your questions added to the chat. After the two minutes are up, I’ll mute the chat again. Our guest will select 5 questions and answer them. Those 5 questions will be the winners of our $100 prize pool!
@thehakusan You ready for all those questions to flood in?
Hakusan: Let’s do it!
Andrew: Holy moly! Quite a few questions to go through!
Well, @thehakusan. Please select your five favorite questions and share your answer to each.
Alexa Long: How #HakuSwap is different from other Swaps and what is the fee structure in #HakuSwap?
Hakusan: Hakuswap is the only exchange on Avalanche that is focused on NFTs and Metaverse!
We have a super low swap fee of only 0.2%. 25% of that fee is used to buy back HAKU every single day!
Myrtice Martino: What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!
Hakusan: You can join our community by going to our telegram! https://t.me/hakuswap
Join our token sale tomorrow at 5 PM UTC at https://hakuswap.com/iho
HERCULES GAUL: Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Hakusan: HAKU will launch with a liquidity generation event tomorrow at 5 PM UTC.
1,250,000 HAKU is for sale. There is a total of 100,000,000 HAKU to ever exist and it will take 4 years for all the HAKU to be fully emitted.
70% of the HAKU is allocated for liquidity incentives like farming, nft staking, and for xHAKU.
22% is for the ecosystem fund to promote and develop the program.
8% is allocated to the team and that vests over 8 months.
Boss AMA: Based on your website #HakuSwap doesn’t required account before trading but we all know that security is one of the important thing in crypto trading so how we can sure our money without account can you explain your security system?
Hakusan: We have audited Hakuswap 100% before we deployed our contract and consulted with Rug Doc for proper implementation and tokennomics. We’re also in touch with Certik to order a more comprehensive audit to ensure hakuswap is the most secure dex on Avax 😁
Jutta Pedersen: During these days, be a Multi-chain platform is an obligation to be considered a competitive project, so can you explain who how many chains are you able to support?
Hakusan: We only plan to support Avax 😁
Andrew: Wonderful! Thanks for taking the time to go through and answer all those.
And thanks for joining us for this awesome AMA!
Hakusan: Thank YOU for hosting this great AMA 🙂
Andrew: Feel free to share any final thoughts before we conclude!
Hakusan: Join the HAKU token sale tomorrow! Be sure to book mark and set an alarm!
Andrew: Thank you so much for joining us to tell us about Haku Swap! I’m looking forward to seeing you all do big things.
And a huge thank you to our community for joining us for this AMA and submitting your questions! You all rock!