BunSwap AMA Recap With Neng Yuni Forum

8 min readDec 2, 2020

Dear Community, Welcome to the recap of our AMA with BunSwap.

Our vibrant and enthusiastic community had a lot question to ask. To those who want to know quickly what BunSwap is about, we are sure this recap gonna help you. So without further, continue reading.

Speaker : James Holiday — Community Manager of BunSwap

First Session Project Introduction

Before we start our first session can you introduce yourself?

Mr. James: Hello everyone im James Holiday. One of the team member of Bunswap Governance. Its my honor to be here. Thankyou for your invitation. The Bunswap team is a group of developer. We create and build a gaming platform since 2017. But we move to crypto because we saw the great technology of blockchain. and now to contribute to the crypto world we build BUNSWAP Decentralized Exchange for the community.

Q1. Can you tell us a short story of how came up with idea for BunSwap?

Mr. James: we inspire to create a community governed exchange with low fees with automatic market maker to be used simple by the community or users. Because we all know that the #1 Decentralized Exchange had a higher fees that gives a burden to the community. Thats why bunswap was created. A friendly Decentralized Exchange with low fees that will give confidence to the community to trade their favorite tokens on our platform.

Q2. Can you briefly describe BunSwap’s main advantages over its competitors?

Mr. James: BUNSwap will be a 4 in 1 stop shop in DeFi.

1. Dex protocol

2. Staking

3. Decentralized auction

4. Lottery

Users of Bunswap will be incentivized by its governance tokens named “BUNS”.

Aside from its platform features. Our token assets will be used are unique ones.

A deflationary tokens which leads to low supply of tokens.

Yield farming in deflation will give you more APY through adding liquidity in pools.

Or by staking (fixed APY to be determined).

And of course, we are early, most of crypto users rely on early projects which will give them high profits.

Of course, we will not stay down, we will focus on developing and thats all.

Q3. What is the name of the token that BunSwap has? How much supply is available and where the token allocated?

Mr. James: We have Buns token Patty tokens also Veggies tokens. Same supply of 50 million tokens. BUNS staking will bring you into new Feature of Bunswap. To increase your BUNS token holding, we add stake feature. 36% interest annually is allotted for every BUNS you Staked. In additional, for Every BUNS you stake, you will receive PATTY equivalent to the quantity of BUNS you Staked. PATTY is used to open the POOL Gate. From time to time if you stake PATTY to the pool you will be rewarded for every new tokens or assets listed in the Patty Pool. VEGGIE will be the Main fuel to access one of Bunswap Upcoming features which are the Decentralized Auction App and Lottery.

Q4. Can you please tell us more about the token economics of the project? What utilities does the token have and what benefits will tokens holders get?

Mr. James: Token Name: Bunswap

Ticker/Symbol: BUNS

Decimal: 8

Total supply: 50,000,000

Presale: 35,000,000

Liquidity: 8,000,000

Core Team: 1,000,000

Development: 2,000,000

Staking Reserve: 4,000,000

Feature:

- No mint function

- No infinite creation of tokens

- Deflationary — burns 1% on every transaction

- Decreases in real time

- No hack exploit

Presale

Total tokens allocation

35,000,000 BUNS

1 eth = 35,000

0.1 eth = 3,500

1,000 eth Hardcap! (estimate)

Unsold tokens will be added to staking reserves.

Buns is the governance token and will be widely used in Bunswap ecosystem.

Mainly in staking, buns will will be the center.

Next features:

1. Decentralized Auction

2. Lottery.

Q5. To sum up, can you please share with us your nearest milestones that you plan to achieve by the end of 2020 or next year?

Mr. James: First of all we plan to achieve is to finish the Bunswap Exchange platform so everyone can use it as soon as possible.

Also we plan to invite all the projects wants to list on Bunswap Exchange.

We want to see Bunswap Exchange will be popular in crypto world that many crypto enthusiast, trader even normal investors to be part of our project.

We aim to be one of the most Friendly User Decentralized Exchange. That gives confidence, Happiness to all of our users. And also give the community the best experience for using Bunswap Decentralized Exchange.

Second Session “Twitter Question”

Q1. When will pre-sale program take place? how can we participate in your pre-sale? what are the requirement and minimum amount to buy?

Mr. James: Buns presale is now live and it will run for 20 days. To participate please visit our bounce website:

https://app.bounce.finance/fixed-swap/4598

It is also LIVE on TOKEN SWAP

https://tokenswap.finance/pool/46

and Click Buy Now Button

Note: Need Metamask, TrustWallet or any dApps browser.

Send eth to this address for manual sending

0x5b9505236aB73Eb80C0D1eAe5aA2baa3d2841eCc

Minimum eth: 0.1ETH

Maximum eth: No Limit

Q2. Liquidity is the backbone of DEX’s. How does BunSwap provide liquidity on its platform? Can I provide liquidity in your DEX? Are there incentives?

Mr. James: BunSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.

Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

Q3. Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?

Mr. James: I think our community growth is a big one. We are very hands on and welcoming. We have experience and connections to make the proper moves required for extended growth. Come join our community and you see for yourself. We are also shipping a coprehensive suite of tools all in one palce.

Q4. Many current DeFi projects have not lasted long or can be said to have failed. What makes BUNSwap different from other DeFi projects? and we know the price of tokens after being listed on the market will fall so fast, are you going to buy back tokens to return normal price

Mr. James: We are bringing the best of all worlds together in one spot and Bunswap has also work with our strategic investors and partners to promote our project along with their promotions. And will be working in advertising partners to inform user of our project and to generate inbound interest from users to participate in the Bunswap platform.

People are free to do what they want, if people want to make money then let them do what they want. If people want to make money, speculate, then that’s their prerogative. We are about inclusion not division.

Q5. Where can i use BunSwap worldwide? what is the actual application product that BunSwap can pay?

Mr. James: Actually, BUNSwap itself is a dex protocol. We will provide official links for that.

Our dapps is almost complete and waiting for launch. For now, you can refer info in our website. bunswap.app

BUNSwap is a:

1. Dex protocol

2. Food theme staking

3. Decentralized auction

4. Lottery

We have our own asset named “BUNS” and that will be our utility token.

Since our project has usecase, there will be demand to people who wants to use it aside from market to market income.

In order to avail the services offered by BUNSwap, you need to acquire BUNS, the main token of the project.

Official links will be posted, presale is live! Get your BUNS today.

The Third Session “Live Question”

Q1. Do you have any Coin Burn / Buy Back systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?

Mr. James: We didnt plan on coin burning. Because the buns token is a deflationary tokens. Which is every transaction is burning. And we also have a limited supply. 50Million is limited we have staking that is very profitable to all who want to stake their buns.

Q2. The $BUNS token currently depends on the Ethereum platform! But Ethereum Blockchain currently has a lot of scalability issues! Then, What are the main reasons behind choosing Ethereum over other blockchains?

Mr. James: We choose Ethereum first for the starting development of Bunswap but we plan to convert on Bep20or bsc which is binance chain to boost the popularity of Bunswap also to put us on a big market.

Q3. What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

Mr. James: Actually many promoters applied on us to promote BunSwap. Many people like owning their crypto community. Twitter and youtube promoters. We are talking on so many people to make Bunswap became popular and know how to use our platform. We also plan to have PR’s to promote Bunswap in Finance industry

Q4. Investors are afraid of scam, exchange is afraid of scam, partners are afraid of scam, so what does Your project guarantee not to scam investors?

Mr. James: First, we have our own very own dapps. That will be our collateral for “TRUST”.

Next is, our token asset is verified, no abuse and no hack exploit. There will be no rugpull.

Locking of tokens and liquidity will be showed and proof will be posted.

We are doing such AMA to show you guys we have the confidence and we are dedicated to this project that we will never run.

Our DAPPS consist of Dex, staking, lottery and auction which is our actual product, its just, its not on use yet but that’s it. We’ve made such effort not just a normal presale but to support more in the foundation of Decentralized Finance.

Q5. Who can stake $BUN token? What are the Staking criterias?

Mr. James: Everyone who own buns token can stake buns.

As i said earlier.

BUNS staking will bring you into new Feature of Bunswap. To increase your BUNS token holding, we add stake feature. 36% interest annually is allotted for every BUNS you Staked. In additional, for Every BUNS you stake, you will receive PATTY equivalent to the quantity of BUNS you Staked. PATTY is used to open the POOL Gate. From time to time if you stake PATTY to the pool you will be rewarded for every new tokens or assets listed in the Patty Pool.

Alright, those are the 5 select question

Thanks to Mr. James @jameholy who gave us the time to share this knowledge, I hope we will understand more about BunSwap.

Well…

We declare AMA’s Series Neng Yuni with BunSwap, is Done. 🥳🥳🥳🥳

thank you to the participants who have attended this event to the end.

the winners will be announced soon🥳🥳🥳

Telegram: t.me/BunSwap1

Channel : t.me/BunSwap3

Twitter : https://twitter.com/Bun_Swap

Medium : https://bunswapgovernance.medium.com/

Reddit : https://www.reddit.com/u/Bun_Swap

THANKS TO ALL OF OUR COMMUNITY