we hosted an amazing AMA with SphynxSwap on the 30th of October
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as Sphynx Swap ?
Im Lonzo, and I am the CEO of sphynx swap.
Sphynx swap is an all in one decentralised exchange, we aren’t just a “swap” as we provide DEFI utilities including farming and staking (launching soon), wallet, NFT marketplace, SPHYNX TV and many other awesome utilities. We have built a platform to provide for current crypto users and users who have never bought crypto.
A place where it’s simple and easy to buy and sell crypto. Our all in one platform reduces the amount of “clicks” investors need to make and automates trades to reduce the chances of making a mistake, especially for users who are new to the space.
Q2. What are the advantages of Your project ?
I am not a fan of restricting users to what they can and can’t do and believe in open platforms which give access to as much as possible, therefore our platform allows investors to buy anything from our dex as well as anything they normally would if it’s on pancake swap, with a much more simpler and easy to use experience.
Our main purpose is to allow users to not have to sell tokens to make some sort of income, therefore we are redistributing 50% of all the fees the platform generates back to our holders on a weekly basis.
Our first payment will be a redistribution of 100% of the fees as a reward for our current holders.
There are many advantages as our fees are low, you don’t have to jump around the different utilities to make a trade as you can everything from one place.
Our launchpad will help ensure good projects stand out more than the projects which have no utility or a real time behind it as we have a certik partnership to ensure projects are safe for investors!
Q3 please tell us about the goal you want to achieve in this year
Our goal is to provide a solution for mass adoption, we believe our platform provides that and we will be finding new and creative ways to bring people who have never purchased crypto to get into crypto.
We want to stop all the bad that is happening in the crypto space, from rugs and honeypot projects from getting exposure that they dont deserve.
Create a safe platform where people can come and know that there has been a lot of effort behind ensuring these projects are good and worthy of investing in.
We also want to make it accessible for anyone to do anything in crypto and as we continue to keep growing, we believe more and more eyes will be on us and more investors will be investing in our platform and most importantly our SPHYNX token!
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?
Name came from wanting to find something with a very interesting background and something resembles new life. Sphynx cat has been around for many centuries and has a lot of history behind it. We want create a similar history and last for a long time within this crypto space so this is just the beginning.
The team are in 3 layers, with our core team being 4 members, our development team is 10 developers and our mods and admins are about 30 people.
Team tokens are locked for 1-3 years as we have a long term vision for this project!
Myself I come from a Cryber risk security background, my partner is a lawyer focusing on business and IP as well as running a successful marketing digital agency. Our other two core members come from a background of business and marketing.
we have all been heavily involved in crypto since 2017
And here we will put best questions from our members and SphynxSwap fans:
Q1) Rather than having to switch between five different platforms to manage and grow one’s portfolio, Sphynx allows users to stay on one and have complete control over all of them. How easy is it to navigate the site with so many different elements?
We’ve spent a great deal of time making the UI and UX intuitive enough that both new and seasoned investors will have no problem navigating the site.
We’re constantly iterating and making improvements to continuously make the site as easy to navigate as possible
Q2) In your website, it caught my attention about the Sphynx Swap Fee Rewards. Can you tell us more about this reward system? Is this in $SPHYNX or $BNB? So who is eligible for this type of reward system?
Yes, anyone is eligible as long as you hold SPHYNX token.
So we’re setting aside a percentage of all swap fees for our holders.
Once a week, our backend database can detect who has held for how long and how much throughout the week and then distribute rewards proportionate to the size of their holding.
These rewards are distributed in BNB.
Q3) Wow, a Giveaway of 8.5 $BNB weekly here at #SphynxSwap. This is great, so can you explain the process of how this #giveaway works? How we can join, are there tasks needed to complete and strict conditions?
its a competition which community members can partake in, this includes tasks like sharing our social posts, being active in the community, referring people into the telegram and discord.
we are also giving away BNB to random wallets each week
must hold 10,000 sphynx tokens to be eligible for the random BNB airdrop
Q4) Security & User Interface are the Most Important Aspect that Users see on a platform. How has Your Project worked on this? Is Platform suitable for Newbies in the crypto world?
You’re absolutely right, security is of the utmost importance especially in Crypto.
On that end, we’ve had our platform and contracts audited by Certik, and are live on Skynet.
They’ve passed all of our contracts as safe with top ratings, and are constantly monitoring the platform to watch for exploits and any security issues.
You can find our Certik audits here! – https://www.certik.org/projects/sphynxtoken
our score is actually 87!
Q5) Can you elaborate us more about the #SphynxSwap’s framework and experience you deal on the process of its development? And How did you manage to carry-out on constituting every stage of its growth where change is inevitable?
Yea so originally, we planned to start Sphynx as just a swap.
But the more my partner @doctordey and I spoke, the more we realised that as seasoned as we are as investors, doing certain tasks was a headache.
So we made a list of features we’d add to our own swap to make the experience more seamless, and got to work with our Devs.
It’s been quite a journey, and hard work, but maintaining agility and adaptability has been key.
Our devs are absolutely fantastic on that end – skilled, knowledgeable, and capable of adapting to the ever changing landscape of the market.
Q6) NFT is a hot topic right now, but NFT isn’t just for art. Dose your project think there will be many NFT use cases? Why should we take NFT seriously?
https://soverignsphynxcouncil.co/
we redistribute 50% of the ETH bridge fee as well as 50% of the royalties from the secondary marketplace, opensea.
Q7) Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
this is something we work on each and everyday to ensure we are constantly engaging with our community and listening to what they want achieved from the swap and in general in crypto.
we are constantly adapting to the changes in crypto and the needs of investors.
Q8) Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team.What is the origin of your token????
1B supply and team allocation is 6% which is locked for 1-3 years
Q9) Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?
yes we have a certik audit with a score of 87. https://www.certik.org/projects/sphynxtoken
Q10) PLEASE provide more information on your ROADMAP. What are the most anticipated plans and events for the next few days and months that we should be aware of?
We have so much to look forward too, our dex listing on cmc and cg, cex listings, we want to be on the most used exchanges to gain maximum exposure.
In terms of utilities we have staking and farming, wallet, NFT marketplace, Bridges, cross chain, SPHYNX TV and many more we are yet to announce.
And this was the end of our AMA with SphynxSwap .
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://sphynxtoken.co/
Twitter :- https://twitter.com/SphynxSwap
Discord :- https://discord.gg/4T9BZnYg
Telegram official community :- https://t.me/sphynxswap