Hi there people,
As a distinguished and special guest, EmiSwap’s CEO and Founder, Grigory Rybalchenko, addresses the most commonly asked questions about EmiSwap in a series of interviews and provides insight into the motivation behind the values, success, and potential of the platform. Take a look at the second part of the interview.
What are the upcoming features of the EmiDAO?
We created the EmiDAO infrastructure to build different projects, the first one being EmiSwap. We will be working on EmiLend as the second, and later an NFT marketplace and EmiTrade. All the profits generated from these endeavors will go to the EmiVault, a special pool where all profit is allocated and distributed among ESW holders. We plan on presenting our projects as an ultimate platform for social trading and financial growth. We aim at giving our users the best all-in-one DeFi package.
How will the internal governance system work?
After the launch, users will be allowed to vote on their dashboards. Daily suggestions will be prompted on the website and warranting governance. Strategic and tactical decisions are then made on many operation levels, from top holders to social groups, allowing everyone a vote on many minor changes and future development.
What are the key issues the EmiDAO is trying to solve?
EmiDAO is trying to tackle different problems on several levels. One of them being the problems of functionality. Many swapping platforms like UniSwap lack a feature because you can only make a few simple swaps and not much else. Our focus is to provide all the dexterities of a centralized exchange to a decentralized one.
Another problem is that of usability, and by that, I am referring to Ethereum Gas Fees. Sometimes if you need to pay 150$ on the spot, gas fees are unbelievable. So we are working on preventing gas fees from being a barrier in the blockchain.
Thirdly is the issue of true decentralization. If you consider most of our competitors, all the revenue and trading fees they generate go back into their own pockets. We are giving back all the revenue to the decentralized community, therefore following a principle of progressive thought designed to aid our youth. That is why ESW holders are given their share from the start. In that way, EmiSwap sets the standard for the future of DeFi.
How will you make EmiSwap a friendly and convenient ecosystem?
We gave an example in 2020 when we started development. We understood that if the gas price keeps ascending, functionality will not be available and difficult to implement. By deciding to fulfill all non-critical functionality, we gained a lot of flexibility. That is one reason why we compensate Ether gas fees with ESW governance tokens. Our core system is decentralized, and that alone is magic! With the power of decentralization, innovation is endless, and everything is possible.
Do you have any plans for listing on other exchanges?
Yes, absolutely. We already have agreements with level 3 exchanges that we announce as news and updates from the EmiDAO alliance. The first tier is almost finished, the second one is in review. We will then officially launch on other exchanges after private sales are over.
Did EmiSwap undergo a security audit?
We passed an audit by Hacken. We did five iterations because the hacking report summary was not at 100% at first. But the information proved to be all verified and secure. However, they still have not updated our header even though we brought it to their attention, but I hope they fix it soon. We will also be audited by another company shortly so our users can feel even safer. We took a unique smart contract from UniSwap, which has millions of users and did not alter it. We built around it and improved it with Oracle as an example. But the original smart contract ensures the safety of assets.
We are looking forward to the progress of EmiSwap and the whole DeFi market. We observe and study all available technology on the market and assess it to determine whether it could make our platform better, and if it does, you can be sure that we will go after it. If it is not up for grabs, we will innovate it. Our technology will have visibility and integrity because we are not just building an exchange or a brand; we are changing the world!
Stay tuned for more of the latest news on EmiSwap from the founder himself!
Join our community to find out more:
Website: https://emiswap.com/#/invest
Twitter: https://twitter.com/EmiSwap
Medium: https://emiswap.medium.com/
Telegram: https://t.me/emiswap_official
Discord: https://discord.gg/RYDYZsH
Github: https://github.com/EMISWAP-COM/
