we hosted an amazing AMA with Chilliswap on the 2nd of November
And here we will put some of the best questions:
Q1. Can you introduce yourself to our community?
ChilliSwap team is young, but an experienced team who have worked around the DeFi space. We have our team spread across the globe!
Hey everyone my name is Mr Spicy🔥 and I am the CEO of ChilliSwap
Q2. Can you briefly tell us what is ChilliSwap ?
ChilliSwap is a DEX and ecosystem that allows users to trade tokens, yield farms, and stakes, and is also an NFT digital marketplace for Fine Art with NFT gaming. User-friendliness is one of the strongest features of the ChilliSwap Platform, which draws a large number of users from outside the regular De-Fi community.
On top of having an NFT marketplace and gaming, our DEX has a special AI analysis tool that allows our platform users to verify the legitimacy of tokens. ChilliSwap also guarantees lightning-fast response, low latency tickers, and no lag in order execution and most importantly reduces slippage and impact costs.
Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans ?
We have officially launched on 31st October 2021. We did our IDO sale at 0.25 USD and at this point of time we are at about 0.40 USD
We listed our token on UniSwap, and is available to buy for the entire community at https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x12b54baa8ffcfd6679ccf1ae618ca3006cfcc2ac
In the upcoming months, expect the following updates –
Token Listing on CEX
We are building a platform keeping in mind the growing needs of our users. With the growing need for NFT games, we are building a really interesting e-game (to push for the mass adoption of cryptos all over the world).
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background ?
It’s a truly unique name we came up with because we wanted to emphasize our DEX’s one-of-a-kind features and ecosystem that is going to heat up the De-Fi world. We also wanted an appropriate name that symbolised our hot and fiery vision.
As for our team, we are a group of experienced individuals who have been passionately working in the DeFi space. Our team is spread across the globe! It comprises 12 DeFi developers, 2 Project Manager, 1 CSO and 1 CMO.
The developers are headed by CTO, our De-Fi 🧙♂️ who has years of experience in this field. The red-hot chilli has a lot to do with our project which is exciting, hot, spicy, peppery, and blazing, hence the name ChilliSwap!
Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is ChilliSwap’s approach to the NFT sector ?
Unlike a lot of other marketplaces, we are highly dedicated to putting the content creators/users at the centre of all our decisions.
They have changed the way digital creators can earn income without the interference of 3rd parties. As an asset, it is highly unique due to its scarce nature and its global popularity. NFTs have also greatly impacted digital curation and how traditional art collectors work. On ChilliSwap we have our very Fine Art NFT marketplace that allows content creators of all kinds to tokenise their works and dive into the NFT world.
We want to empower users by introducing them to alternative ways of earning revenue in the digital age. Similarly, our NFT marketplace will be synced with our gaming environment to further circulate NFTs within our ecosystem.
We want to give creators and collectors alike a marketplace that is free from all middlemen and give them an opportunity to leverage NFT technology in an easy and simple manner.
And here we will put best questions from our members and Chilliswap fans:
Q1) Mentioned on medium. By playing the NFT game, users can win $CHLI tokens. NFT game will be easy method for people without crypto background to participate and win tokens. Where can I buy CHLI tokens. does entering game need to activate kyc. What rewards does will I get if I win?
Great question and thank you for keeping up with our Medium!
Firstly $CHLI Tokens are available to buy on Uniswap. The link is https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x12b54baa8ffcfd6679ccf1ae618ca3006cfcc2ac
Since it is a decentralised environment there is no need for KYC, you just need to have $CHLI to enter and play. As for the rewards, they’re huge 😉. The whole point of the game is to make it easy for you to win rewards in a quick manner! In fact we might be just releasing a teaser soon 😏🤫 so make sure you follow us everywhere.
Feel free to guess what the game is about! Use #CHILLIGAME and tweet us on what you think the game is…… correct guesses just might get something special 🔥
Q2) ChilliSwap’s automated software is said to be able to identify issues and ensure that all contracts are safe and functioning properly. So, I wonder how accurate the ChilliSwap analysis tool is. ChilliSwap’s token score page states that there are three levels:
high, medium, and low. If so, I wonder what the criteria for classification are?
Our tech team has worked hard to provide features that will make DeFi trading secure and easy for all our users. Token score is calculated based on total transactions, holders, contract verification, meta info for the token among various other parameters.
Every issue in this report was assigned a severity level from the following:
High severity issues – The issues listed here are critical to smart contract performance and functionality and should be resolved prior to moving to mainnet.
Medium severity issues – This has the potential to cause a problem in the future and should be addressed.
Low severity issues – These are minor details and warnings that can be left unfixed but would be preferable if they were fixed in the future.
Q3) Could you share with us some killer features of $CHLI that set it apart from its competitors? What Competitive advantages does $CHLI have that you feel most confident in?
What makes us stand out the most is our dedication to keeping our users our main focus and giving them a platform with a high user-friendly interface that is easy to navigate for both crypto novices and experts.
Our $CHLI token is unique as it is the force that powers our ecosystem, be it gaming, NFT marketplace or just the simple exchange. Some of the key features and benefits are -Pools: Liquidity providers earn upto 0.3% fee on all trades proportional to their share of the pool.
Swaps: Swaps allow you to trade your cryptos
Staking: You can earn rewards on your invested cryptos by staking on ChilliSwap by adding Pancakeswap LP to their staking pool and earn interest annually.
NFT: ChilliSwap has integrated an NFT marketplace on its platform.
Analytic tool: They have an AI-based audit tool for fraud detection that highlights liquidity pools that might be fraudulent.
NFT Game: We will soon be releasing our very own NFT game for the community. The NFT game will help boost the existing NFT platform and create substantial value and weight for the Chilli brand. It aims to aid in the circular ecosystem that revolves around the $CHLI tokens.
Q4.) I would like to know in great detail, what model, system and/or mechanism have you implemented for users to be able to mint an NFT in ChilliSwap, such as what steps must be followed and what advantages do they obtain by doing so in your ecosystem ?
NFT Game: We will soon be releasing our very own NFT game for the community. The NFT game will help boost the existing NFT platform and create substantial value and weight for the Chilli brand. It aims to aid in the circular ecosystem that revolves around the $CHLI tokens.
Chilli is a platform created for both experienced and new digital content creators to easily adopt the decentralized and crypto economy.
The DEX is the perfect ecosystem for you to mint and sell your highly valuable NFTS, grow your digital community and obtain the hottest token in the market i.e. $CHLI
Read more about it at – https://medium.com/@ChilliSwap/how-to-mint-an-nft-on-chilliswap-step-by-step-79d1b4b20432
Q5) do you have any local community group which can help users to interact with CHILLISWAP in order to cross the language barrier?
ChilliSwap is nothing without the amazing community
Yes. Our platform is not just for a specific demographic
We are working to engage with several communities across the globe.
Yes. Our platform is not just for a specific demographic
As a starter, we have recently launched ChilliSwap Indonesia, which is highly engaging and a beautiful upcoming community. https://t.me/ChilliSwapIndonesia
Q6) Staking programme is very important for any project, I wanna know Can i stake your token? Do you have any plan of starting staking programme?
You can earn rewards on your invested cryptos by staking on ChilliSwap by adding Pancakeswap LP to their staking pool and earn interest annually.
We also are providing the option where farming is possible with dual-tokens
As mentioned before, we are heavily customer-centric to revolutionize the entire DeFi Space 🌶
Anytime we give the option for the user to withdraw.
Q7) It came to my attention that Chiliswap has fraud detection software within its platform. Can you explain in detail how exactly this software works and how it differs from other risk detection strategies used by some DEXs? And tell me please,How much does fraud decrease with this model?
A lot on getting the users the best possible experience
We all have witnessed cases where our community were able to purchase tokens
This happened mainly because the smart contract was not verified!
But they found it extremely difficult to sell
This is the prime reason why we developed our AI analytical tool!
AI-based audit tool for fraud detection that highlights liquidity pools that might be fraudulent.
The goal of this audit was to determine whether the smart contract is secure, resilient, and operating properly in accordance with the specifications. The audit activity is classified into three categories.
Identifying security-related issues within each contract and contract system.
Evaluating a system’s architect through the lens of established smart contract best practice and general software practice.
A thorough review of contract source code. The primary focus areas are as follows –
- Authenticity.
- Code with a high level of complexity.
- Readability is an important factor.
- Test coverage quantity and quality.
I hope I answered your question in detail!
Q8) What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project?
Our token ticker is $CHLI Our long-term is very simple. We are not providing just a single feature.
The real value of an entire ecosystem with exciting features is massive! We have utility planned around and across all the platforms available in the ecosystem. Do have a look at our website for more information.
As per our tokenomics, the total supply is 300,000,000 $CHLI. For a detailed description, visit chilliswap.org
Q9) SIR Do you have any
- Telegram Group
- YouTube channel
- Tiktok Channel
- Website
For this project? From where we can learn something? Please share with us link.
We are highly active on all our social media platforms.
Anytime during the day/night, we always welcome our community so that we can revolutionize together!
For all possible information you need, please visit our website chilliswap.org
Also, you can find us at
Medium – https://medium.com/@ChilliSwap
Telegram – https://t.me/ChilliSwap
Twitter – https://twitter.com/chilliswapdex
Q10) If $Chilli included in uniswap . If yes pls send me the buy link
The day we have all been waiting for is finally here!🌶
ChilliSwap, the hottest and spiciest DEX to hit the DeFi world, was officially launched on 31st October 2021
Buy $CHLI now on Uniswap
https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x12b54baa8ffcfd6679ccf1ae618ca3006cfcc2ac
To stay ahead, do keep an eye out on the following links –
Coin Market Cap – https://coinmarketcap.com/currencies/chilliswap/
And this was the end of our AMA with Chilliswap.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://chilliswap.org/
Medium :- https://medium.com/@ChilliSwap
Twitter :- http://twitter.com/ChilliSwapdex
Github :- https://github.com/Chilliswap-org