RECAP: iSwapCom X KingData AMA/Airdrop

KingData ·2022-02-09

On Jan 25, 2022 12PM UTC, we had an AMA session with iSwapCom,  in our Telegram chat at https://t.me/KingDataEN. Our guest was Michael, Marketing Director of iSwapCom.

Here are the essential points of the AMA session:

Introduction

Host[Phillip]:Could you please introduce yourself to the community, maybe you could tell your crypto story 

Guest[Michael]:Really happy to meet the KingData users here and introduce iSwap to King Data users.

This is Michael from iSwap, iSwap ( www.iswap.com), is a cross-chain transaction aggregator protocol with fast speed(up to 3 seconds), low cost and low risks.

iSwap deploys aggregators on several public chain to support 50+ DEXs and 5,000 Tokens, and live on ETH, HECO, BSC, OEC, Polygon, Fantom, Avax, Solana and Arbutrum.

iSwap's mission is to enable users to enjoy the lowest transaction fees/slippage, the fastest speed, the largest tokens quantity while they complete cross-chain transactions.

Main Part

Q1: Michael, how and why did your team decide to establish iSwap?

A1: Well, the DeFI has been popular for nearly 4 years.

The needs of assets exchange between different chains has been growing greatly. However, when the iSwap team entered the DeFi world in early 2021, we were surprised to find that cross-chain transactions were still complicated and low efficiency.

As you know, the time is money in DeFi, and iSwap hopes to provide hundreds of thousands of DeFi users with a better cross-chain experience.

Moreover, our team has a strong background and technical support in IT, network security and development, which can ensure that iSwap can bring convenience to users, so iSwap was launched in early August.

Q2: As we know, the 3 seconds cross-chain is the slogan of iSwap, would you like to introduce a little bit about it?

A2: the fastest cross-chain speed can reach 3 seconds, and 90% of users can complete the cross-chain swap on iSwap within 30s.

This is the first time that the cross-chain transaction time in DeFi reached second level, it’s a milestone breakthrough.

Our mechanism is actually very simple.

iSwap deploys positions on these supported public chains firstly, and monitor the cross-chain request of the original chain through the Relayer.

After the exchange of the original chain is completed, the cross-chain request will be forwarded to the target chain quickly to execute the transaction. The relayer can carry out the request within 1 second.

That is all the introduction of how iSwap works.

Q3: …most of the users are attracted because of 3 second cross chain time and iSwap has been growing rapidly in the last 4 months

Could you give a summary briefly?

A3: iSwap officially launched the beta version in early August by supporting the cross chain swap between HECO and BSC. During that time, iSwap collaborated with HECO and Huobi Wallet to launch LuckyHECO events and Welcome New Users to Huobi Wallet Event to establish the iSwap earlier users.

On September 6th, iSwap was launched officially, supporting the cross-chain and single chain transaction between 5 chains (HECO, BSC, ETH, OEC and POLYGON). At the same time, iSwap received millions of investment from Huobi Ventures. To celebrate the official launch,  iSwap collaborated with Mdex to launch the “Cute Elephant” Speed Challenge Event. This is the event which enables more users knowing and using iSwap as their cross-chain platform.

On December 13th, more DeFi users use iSwap as cross-chain platform, cause iSwap increased 3 more chains to make total supported chain to 8 chains, and we cooperated with the projectors on each chain to hold events to attract more users on corresponding chains.

The bridge function is also integrated in this updates, 1:1 exchange, 0 slippage experience, the USDT single trade amount limit is also increased to $500,000, offering users' smooth transactions experience.

On January 25th, iSwap ushered in an upgrade again. USDC and ETH  were added to large orders and the limit of single cross-chain is up to $500,000, which offers users' smooth transactions experience with 0 fee and 0 slippage.

At the same time, the single chain swap is included in this upgrade as well. Usually it only use one DEX for trading but it will change totally will the new version launch. iSwap will match the best DEXs automatically, which means it will divide each order into several DEXs to minimize the slippage. Undoubtedly, this upgrade will reduce the cost for our users.

Q4: Aside the new version launching, any rewards for users?

A4: to celebrate the launch of the new version, iSwap launched an event from now to the Spring Festival.

During the event, users trade USDC, USDT and ETH for large orders will the 0 fee.  Moreover, single chain swap is also free during the event.

I could not tell you more until you experience iSwap by yourself, on iSwap, you will enjoy a smooth transaction with the lowest cost and 1:1 token exchange with 0 slippage.

Q5: Michael, Im sure our users are interested in iSwap following-up product development, would you like to talk about it?

A5: iSwap team will continue to upgrade its products.

In order to meet the users demand, iSwap supported arbitrum, Fantom, and Avalanche chains this month. However, it is far more than enough. iSwap is going to support Solona, Terra and TRON these three chains in Q1 to meet more demand of the users.

In addition, we are also preparing for cross-chain aggregation transactions to find the best transaction path for users to save their transaction costs. I believe it will not be too long.

Q6: Michael, would you like to introduce the iSwap official information channels, so that we can follow iSwap to get more events and upgrading information? 😁

A6: Welcome everyone to to join and follow iSwap community! The links are as follows, we will release the latest events and upgrading information in our official channels. Welcome to participate the event and following iSwap to get latest information, thank you again!

Telegram: iSwapCom

https://t.me/iswapcomfor Chinese Language.

Telegram: iSwapCom_EN

https://t.me/iSwapCom_ENfor English Language

Twitter:@iSwapCom

https://twitter.com/iSwapCom

Medium:@iSwapCom

https://iswapcom.medium.com/

Email:contact@iswap.com

iSwapCom (@iSwapCom) | Twitter

The latest Tweets from iSwapCom (@iSwapCom).https://t.co/8H4uW2Nqad 

Cross-Chain Swaps in a Snap!

Swap your assets in a safe, fast & cheap way on iSwap.

Let your money never sleep!

Telegram:https://t.co/r3Lwvfsemi

#iSwap. Singapore

You can find iSwap and participate in our event through the instant exchange and Dapp of various wallets. We have reached cooperation with projects, such as TokenPocket, Huobi Wallet, Bitkeep, Nabox, ONTO, imToken, Coin98, Cherryswap, Butterswap, Channels, Jswap, Coinwind, etc.

Live Session

Q1: Demetrius Downey: What's your main focus right now, are you focused on the community or market/Exchange or the products?

A1: Hi we are mainly to improve the products.

Q2: Angel ETH: Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

A2: Safe, low cost and fast.

Q3: No pain no gain: Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?

A3: Yes, as I mentioned now, it is t.me/iSwapCom

Q4: Ieo alert: For Using DEX, Transaction Fees are very High & also, takes much time for confirmation! So, How this problem can solved by iSwap?

A4: We are using the Bridge function, which would be 0 slippage. and the same time, we can devide one order into different DEXs to reduce the lowest slippage.

Quick Quiz Part

Q1:What are the 3 key features of cross-chain swap of iSwap?

A1: Low cost fast safe

Q2: When was iSwap established?

A2:Early August 2021

Q3: How many chains does iSwap support in the latest version?

A3: 8

Q4: What are the chains that iSwap will support in Q1?

A4: Solona, Terra and TRON these three chains in Q1

Q5: Which project has iSwap cooperated with?

A5: huobi wallet

Airdrop Winners List

Link: https://docs.google.com/spreadsheets/d/1sOAIcHuhvLfk8LH0L1aoTBQcKzTmxcklyawZ_US4ff4/edit?usp=sharing

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