EmiSwap’s Business Development Plans — Interview with the Founder
Hi there EmiCommunity,
As an honored and special guest, the CEO and Founder of our company, Grigory Rybalchenko, answers the most frequently asked questions about EmiSwap in a series of interviews and gives us a look at the inspiration behind the platform’s principles, success, and future. Enjoy reading the first one of many!
What motivated you to build EmiSwap?
For the longest time, people lost their money and trust because of several centralized exchanges that gave the finance industry a bad rap. At EmiSwap, we decided right from the beginning that we are going to be building a future in finance for real people with real needs. We decided to position ourselves on the edge of a technological boom and become one of the first to say no to the middleman making commission on all our trades, everything will soon be delivered by decentralized products. This is the beginning of something magnificent! Even if transferring crypto to fiat still requires a form of centralized operation, we’re on an accelerating path to find solutions and benefit everyone.
EmiSwap development has been progressing for almost a year, why is that?
We did not want to rush into the market without being sure that our product would hold its ground. When we started, only UniSwap and a few other exchanges made the cut but the rest of the market had more problems than solutions. We decided to tackle all the problems head-on and periscope for any missing detail or flaw. We followed a strategic thinking process, detailed analysis of blockchain values and fees, and a variety of methods and formulas to make our offering valuable and unique. We started our company, not just for the sake of starting, but because we believe in its power. Today we rest assured that our product is unique and ahead of the game.
What value does EmiSwap add to the DeFi market?
First of all, it adds true ownership, all commission from the exchange will go to ESW holders and as you may hear, all voting will be done by ESW holders on product development. We also reward users for providing liquidity by compensating their Ethereum gas fees in ESW and we’ve developed cutting-edge technology that will add a lot of value on top of that. We hope to be a part of the upcoming industry boom.
What is your greatest goal?
UniSwap has done nice work and has over $7.5B in liquidity now. We want to be bigger than that and we intend to do so by efficiency, adopting the best resources, and understanding our users’ needs.
What are the benefits for long-term token holders?
Our profits are increasing and growing larger by every quarter, although it’s difficult to comment on prices and predictions, we’ve shared and informed our users of reasonable lifelong profit shares. The supply of the token is not very big, soon we expect that this factor will lead to an appreciation of the token.
However, you still need to evaluate the model and not give yourself any guarantee. By reading our White Paper you can conclude without any confusion, that all the money raised will go to further support the wallet and all added features on it. By principle, communities will manage and control the missions which makes the wallet and the platform better for them.
What are your priorities in 2021?
Functionality and Liquidity.
What do you personally love about EmiSwap the most?
It feels like I spent a long time preparing the best dinner and now I get to share it with everyone! There are a lot of features I like but I am very passionate about it and I love it all, I hope people do too. Mainly I like true decentralization because it is focused on providing users, the audience with all the tools they need to properly operate, store their funds and increase their profits. Many companies are worried about whether their brand is good enough to attract clients but with us, it is more about sharing a good product, a great vision and promoting the true decentralization that we need.
How many tokens will be allocated for the EmiSwap developer’s community pool, how will they be distributed?
20% of the tokens will be allocated initially to developers of EmiDao and EmiSwap.
Our ambition is that EmiSwap secures 10 billion in liquidity. Of course, it will take time. But DeFi protocols have a way of growing up fast. So there is a road map to achieve. These tokens will be given to the team based on their achievements or milestones.
Is there any plan for burning the tokens?
We don’t plan to burn tokens because the amount is not big enough and there is a limit. When we calculated the initial price we took very pessimistic volumes and the number of commissions distributed to all holders. On the other hand, the price-to-volume ratio of the tokens attempts to give back a good and fair reward.
Is there any staking or farming reward?
You have double staking or double farming on EmiSwap. On other exchanges, if you get a reward, you need to take liquidity pool tokens and stake them somewhere else. In EmiSwap, tokens will be calculated and given to you automatically and you will still be able to take LP tokens and farm them to get NFTs and more!
ESW tokens start working for your profit from the very first day. When you invest, no matter your decision, you will get extra ESW tokens from the turnover. That means the longer you are an ESW holder, the more profit you get.
What is your plan to attract those people who don’t know about cryptocurrency?
I am considering some possible alternatives to traditional marketing. We will possibly go to TikTok and start educating the new generation of investors. This may be a very good idea because content marketing is an asset in spreading education.
How does EmiSwap solve the liquidity problem?
The key idea behind EmiSwap is that the success of the exchange is more vital than the success of a single traded token. We have many incentives and 10x reward programs in play to get people to supply liquidity and if you do, you also receive ESW tokens. The strategies behind EmiSwap ensure that access to liquidity is fast, easy, and secure.
What other factors can impact EmiSwaps’ success in the market?
We believe that real professionals can bring real value and we are most likely to go up in steam in DeFi because of the people who work on our team.
They have unique, vast, and extensive experience be it in programming, marketing, product management or product development, we are proud to have top-notch professionals driving our success.
Enzo Villani, NASDAQ Chief strategy ex-officer and current Head of Strategy and Innovation at OKEX, invested in Emirex. He is of great value to the company.
All our investors know we have an experienced team and the best resources on the market to become one of the greatest DeFi platforms.
Stay tuned for more of the latest news on EmiSwap from the founder himself!
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