AMA Recap: CryptoBooster X ZKSwap, August 6th
Part 1 — introduction and questions from the Twitter retweet
Car Marz | CryptoBooster:
Are you ready to start guys ?🔥🔥🔥🔥🔥
I wait just a minute that our guest joins.
ZKSwap Official | ZKSwap:
Hello!
Car Marz | CryptoBooster:
Thank you let’s get it going.
ZKSwap Official | ZKSwap:
OK，Let‘s go!
Car Marz | CryptoBooster:
A pleasure to have you here @ZKSwap_Official. Now there’s a lot of people with questions about ZK Swap, Can you please introduce yourself and give us an introduction about ZK Swap?
We are very eager to learn about your amazing project
ZKSwap Official | ZKSwap:
I am Alex, the Dev lead at ZKSwap. I’ve been working with the team for a long time even before the V1 launch. We are so thrilled to bring the community V2, a grand upgrade of V1.
February 14, 2021 witnessed the birth of ZKSwap V1, a ZK-Rollup-based, Automatic Market Making (AMM) featured Layer2 DEX that offers swap infrastructure and transactions with ultra-high throughput and zero gas fees to liquidity providers and traders. The project is backed by Bixin Capital, SNZ Capital, FBG Capital and Longling Capital, and fully audited by ABDK, CertiK and SlowMist.
In less than 6 months since the V1 launch, ZKSWap has facilitated over $1.7 billion in total value locked, ranking as one of the largest Layer2 decentralized exchanges in the world.
On July 28, we unveiled ZKSwap V2. The v2 launch of ZKSwap comes as the exchange attracts new DeFi users looking for a more cost-efficient way to swap between a wide variety of tokens amid the recent DeFi boom.
On July 28, we unveiled ZKSwap V2. The v2 launch of ZKSwap comes as the exchange attracts new DeFi users looking for a more cost-efficient way to swap between a wide variety of tokens amid the recent DeFi boom.
Car Marz | CryptoBooster:
Thank you for this great overview, very , very impressive. 🔥🔥🔥
Part 1: 10 $ZKS/5 users — Let’s go to the Twitter Questions! We have 5 twitter questions for you, are you ready?
I will fire the first one, straight away. 🔥🔥
Q1. What great achievements have you achieved so far? Can you tell us about the milestones you have achieved? @Xavier01513221
ZKSwap Official | ZKSwap:
I’ve mentioned about several new features of ZKSwap V2, which was launched a week ago. Here I would like to add some data highlights to show what we’ve achieved so far.
Since the V1 mainnet launch in February 2021, ZKSwap has grown to 87,000 users and $11.5 billion in total trading volume.
We have an ever-growing community of more than 38K members across different social media platforms.
Over 9K users use zks.app every week. The total value locked on ZKSwap reached $70M this week. Besides, ZKSwap was seen in 250+ media press releases in the past days, reaching over 160M users.
Car Marz | CryptoBooster:
Thanks a lot.. A lot of achievements already.. 💪🏽💪🏽💪🏽
Q2.Zkswap is a Zk Rollups based project. What are the advantages of Zk Rollups?
@chigga08854035
ZKSwap Official | ZKSwap:
There are mainly ZK Rollup and Optimistic Rollup in terms of the Rollup technology. ZK Rollup is close to the level of Layer 1 in terms of security, and is therefore regarded as the most promising Layer 2 solution in the future.
Besides, ZK Rollup can achieve finality within a few minutes, and it supports rapid funds withdrawals.
The Optimistic Rollup has a controversial delay time design, which generally takes at least one week.
Car Marz | CryptoBooster:
Thanks a lot for pointing out the technological advantages your platform is deploying.
Let’s move to our third Twitter question.looking at the different versions of your product.
Q3.Compared with the V1 version, what functions and modules have been added or upgraded in this comprehensive upgrade of V2? @Ulrica54492291
ZKSwap Official | ZKSwap:
ZKSwap V2 mainly introduces unlimited token listing, faster withdrawal speed, and personalized fee token settings. Before long, ZKSwap V2 will be deployed across BSC, HECO, and OKChain.
It allows anyone to add any ERC-20 token or create a token pair, and all ERC-20 token and stablecoin transactions on ZKSwap are free and settled in real-time. In the future, we’ll support tokens of any standards to further expand our asset ecosystem.
Importantly, the withdrawal time from Layer2 to Layer1 processed by the smart contract has been directly shortened from 40 minutes to 20 minutes.
Car Marz | CryptoBooster:
Wow, thank you for this.. Impressive improvements from V1 ti V2.. Great stuff!
Q4. At present, NFT market is hot. Zkswap do you intend to participate in NFT market? @rick69052009
ZKSwap Official | ZKSwap:
That’s for sure. We are currently working with art institutions on NFT design. So far, we’ve received 1,500 NFT artworks, with 493 works currently being designed. We’ll launch the NFT feature in the 2.5 version of ZKSwap.
Car Marz | CryptoBooster:
Thanks a lot, coincise and precise.. Great to know you are planning to tap also in the NFT market.. You know we also have our NFT community so we hope to cooperate further on that .🔥🔥
You know we love multichain, and you briefly touched upon it already.. But of course we have a question on that .😃
Q5.Are you planning ZKSwap layer 2 deployment on other chains, such as Binance Smart Chain, Ethereum, OKChain and Huobi Eco Chain (HECO). When will that happen and what can we expect with this? @AirCar10
ZKSwap Official | ZKSwap:
Cross-chain support for the BSC, OKChain and HECO will be added within the next couple of weeks to enable cross-chain token swaps beyond Ethereum. Users will also be able to add any tokens supported by the three exchange blockchains.
Car Marz | CryptoBooster:
Thanks a lot we look forward to the deployment of these cross-chain functionalities.
We see cross-chain as the future. 💪🏽💪🏽💪🏽
Part 2 — live questions from the Telegram community
Q1 from telegram username@Hayate
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
ZKSwap Official | ZKSwap:
That’s for sure. We hold product test programs regularly and users often give us valuable and useful feedback, which means a lot. Users who offer such feedback can always get rewarded and see their suggestions being reflected in product iterations.
We’ve just distributed $10K rewards to ZKSwap V2 testnet campaign winners. Hundreds of community members participated in this campaign, testing ZKSwap V2 and making what the latest version is.
Q2 from telegram username@BenTimeE
I wanted to follow your project for the long term. Where i can get all the latest news about your project? 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?
ZKSwap Official | ZKSwap:
Thanks for your question. You can find us via the following links:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Forum:https://forum.zks.org/c/english/5
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Official Telegram group: https://t.me/zkswapofficial
ZKSwap Discord: https://discord.gg/NfZBKNJuAX
ZKSwap Medium: https://zkswapofficial.medium.com
ZKSwap Github page: https://github.com/l2labs
Q3 from telegram username@Harry Potter
Does your project support staking program?, if yes, how is, your stake system work what is the requirement, for user, if they want to stake in your platform?
ZKSwap Official | ZKSwap:
Q4 from telegram username@JULIOET
I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, does you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?
ZKSwap Official | ZKSwap:
Good question. We do have Proof of Staking on our platform that benefits all users with mining rewards.
The PoS campaign allows the user to stake ZKS for a reward. Now, ZKSwap is open to community users in 4 different time periods of staking: 30 days, 90 days, 180 days, and 360 days. Users who participate in 360-day staking will also get gZKS which is the governance token on ZKSwap. With gZKS, users will be able to propose and vote, greatly involved in the community and future of ZKSwap.
Q5 from telegram username@Endless Night
How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
ZKSwap Official | ZKSwap:
Yes. We do support hackthons. In fact, we just supported the IOSG layer2 hackthon. If you have any proposals, don’t hesitate to contact us!
Part 3 — Quiz Results
Q1.Which blockchain security institution audited ZKSwap’s smart contracts? (D)
A. ABDK
B. SlowMist
C. Certik
D. All of the above
Q2. How fast is the withdrawal speed on ZKSwap V2 compared with V1?(B)
A. 100% faster than before
B. 50% faster than before
C. 60% faster than before
D. 40% faster than before
Q3.What new features of ZKSwap can you expect in the 2nd half of 2021?(D)
A. NFT
B. Cross-chain deployment on BSC, HECo, and OKChain
C. EVM
D. All of the above
Q4. What kind of tokens can users list on ZKSwap?(A)
A. ERC-20 tokens
B. Tokens of all standards
C. TRC-20 tokens
D. None of the above
Q5: ZKSwap is a ZK-Rollup-based, Automatic Market Making (AMM) featured Layer2 DEX that offers swap infrastructure and transactions with ultra-high throughput and zero gas fees to liquidity providers and traders. True or false?(A)
A. True
B. False
For more information and future AMAs, join our Social Media channels:
Telegram Community: https://t.me/multichainstar
Twitter: https://twitter.com/CryptoooBooster
Our partners ZKSwap:
Telegram Community: https://t.me/ZKSwapOfficial
Twitter: https://twitter.com/ZKSwapOfficial
