AMA Satoshi Club 02/05/2021

Luis Merino| Satoshi Club:

Hello SatoshiClubbers and welcome to another AMA session with us. Our guests today are from HyruleSwap.

Kaeporae Gaebora, Skull Kid and Great Deku, you are welcome. It’s a pleasure to have you here 😊

Skull Kid:

Hi all 👋

Luis Merino| Satoshi Club:

Kaeporae Gaebora:

Great! Very excited

Luis Merino| Satoshi Club:

Nice to hear 😄

Skull Kid:

Great to be here, thank you for the invitation

Andrés M. | Satoshi Club:

It’s an honor for us to have you here👏

Luis Merino| Satoshi Club:

So, as a beginning, can you please make a brief introduction about yourselves and about HyruleSwap? 😊🙏🏻

Great Deku:

Yes of course! We are 5 in the team and we come from various horizons! Some are from the big data sector, others from the banking sector. I am in BI :)

HyruleSwap was created as a tribute to the Zelda games series. We love these games and we wanted to create something related to that!

HyruleSwap is a yield farming and gamified yield optimizer platform :)

Andrés M. | Satoshi Club:

An open world ecosystem?

Great Deku:

Exactly your ecosystem encompasses farms, vaults, pools, gambling games, NFTs and a dungeon system 👀

Luis Merino| Satoshi Club:

Zelda was one of my favourite games 😄😄

Luis Merino| Satoshi Club:

Ohhh 😮

A man of good taste I see

Luis Merino| Satoshi Club:

I used to play it a lot 😊

Andrés M. | Satoshi Club:

Amazing, so what are the main use cases of RUPEE?

Luis Merino| Satoshi Club:

You know 😉😂

Great Deku:

You can stake our RUPEEs to earn even more, but you can also gamble them in our gambling wheel or buy NFTs with them :)
We will release more gambling games along the way!

In addition we have another token named gRUPEE

Which is governance token limited to 200K

Andrés M. | Satoshi Club:

Well, let’s learn more about the project😁, we have collected some community questions for you, are you ready to proceed?

Great Deku:

Yes of course!

Andrés M. | Satoshi Club:

Q1 from Telegram User @Highpee
Your Project name, HyruleSwap, is inspired by Hyrule Warriors, a Japanese game released in 2014 and your gaming characters are inspired by Legend of Zelda, a high fantasy Japanese adventure game. However, your token name is $RUPEE, a fiat currency used in Indian. What experience do you intend to provide to users with the adoption of Japanese themed gaming products? Also, Why do you prefer using the Indian $RUPEE instead of Japanese $YEN as the currency of your platform? Lastly, what are the utilities/functions of RUPEE and the other token you called GOLDEN RUPEE within your ecosystem and how are they different or unique?

Great Deku:

HyruleSwap is not inspired by Hyrule Warriors but by the original Zelda series.
Regarding the token name, RUPEE is not related to the Indian currency but it’s the name of the currency used in the game :)

We have a Japanese TG channel, we have created it to reach the Japanese audience because we believe the demand might be big there!

Kaeporae Gaebora:

About the utilities of RUPEE, you can stake them to earn more, gamble and buy NFTs with them, more NFTs coming tonight 👀

Andrés M. | Satoshi Club:

To be clear with @highpee , what is the meaning of Hyrule?🤔

Great Deku:

It’s the kingdom of the Zelda games series!

The Kingdom of Hyrule

Andrés M. | Satoshi Club:

Could you share some NFTs design with us?

Kaeporae Gaebora:

Andrés M. | Satoshi Club:

Oh great, definitely I must play it😁

Great Deku:

Here is a sneak peek of what is gonna be available tonight in our Kokiri shop :)

It’s time limited!

Skull Kid:

I’ll answer for the golden rupee part.

So basically, it’s a governance token with a capped supply. 200k
It’s earnable only on our autocompounded Vault. At the moment, only ~7k are in circulation. We are planning to launch a large batch of Vault soon to distribute golden rupee. When there is enough token in circulation, we will launch our governance system and fees redistributions for grupee rupee holders.

Luis Merino| Satoshi Club:

I like it!

Andrés M. | Satoshi Club:

Wow, who is the designer?

Great Deku:

A friend of ours :)

All of us here are friends, we only work with trustworthy people to avoid issues and conflicts!

Andrés M. | Satoshi Club:

So what are the main benefits for Rupee and gRupee holders?

Luis Merino| Satoshi Club:

So only one way to earn Golden Rupee 😄

Skull Kid:

In addition to being able to participate to all our NFT features, dungeons and mini games, they also have a proposal and voting power to participate also to the growth of the platform.

And of course, they’ll also be able to profit of fees redistribution generated by Vaults.

Luis Merino| Satoshi Club:

y haha, or you can buy it, as you wish

Andrés M. | Satoshi Club:

Thanks for the clarification, are you ready to proceed with the next question?🥳

Great Deku:

Yes

Andrés M. | Satoshi Club:

Q2 from Telegram User @victorogb
A couple of weeks back, HyruleSwap completed it’s listing request with CoinMarketCap and Coin Gecko to have the Golden RUPEE listed. However since these announcement, the community has be eager and expectant. Can you carefully brief us on the progress so far on these applications, and are there future plans to apply for listing in some tier-1 exchanges in the nearest future and what other significant marketing push should we expect from HyruleSwap in the coming weeks and months?

Great Deku:

Regarding CMC and CoinGecko it’s really hard to give you an estimation because it’s pretty random. However we believe that it shouldn’t take too long now!

Regarding being listed on an exchange, we have recently migrated to ApeSwap and are really happy to work with these guys.
However we don’t have plans to be listed on a exchange right now because a are too small. But in the future Why not!

We had a bunch or marketing going on over the past week and we are currently in discussion with some influencers, hopefully we will announce something soon 😉

Andrés M. | Satoshi Club:

ApeSwap is the only way to buy your tokens?

Luis Merino| Satoshi Club:

Do you have any ambassador program ongoing or anything similar?

Kaeporae Gaebora:

It’s the best way to buy them 🙂

Great Deku:

We don’t have an ambassador program unfortunately

Andrés M. | Satoshi Club:

Then congrats for the migration 🥳

Great Deku:

Thanks 🙏

Andrés M. | Satoshi Club:

Btw, could you tell us about your current partnerships?

I read something about Chainlink, is that right?

Great Deku:

We are using their tools in order to make our RNG based games better! This will allow us to try and explore more things!

Skull Kid:

Our main and the one that we are the most proud of is Apeswap. We are part of their builder program. It bring to us so much, and those in this program. It’s like a little community when we push each other and grow together.

Andrés M. | Satoshi Club:

Thank you for the answers, would you like to add something before the next question?

Luis Merino| Satoshi Club:

Sounds amazing! Chainlink is big 💪

Skull Kid:

So you are like brothers 😄
Let’s use ApeSwap then

Great Deku:

That’s it for the time being :)

Andrés M. | Satoshi Club:

Q3 from Telegram User @yellowchamp
I noticed that in your roadmap, you have high, average and low priority. So how did you sort out things what to give most priority and less priority in your roadmap? One of your high priority is launching Dungeons, so can you explain more about Dungeons? Why it is one of the most priority in your platform to launch? How essential it is in HyruleSwap network? You give low priority to launching NFT Marketplace,so why does this marketplace in the least priority? How important is NFT in your platform? Thank you

Great Deku:

Haha exactly

Skull Kid:

Regarding NFT marketplace, we are in discussion with a bunch of marketplaces in the space to list our existing and upcoming NFTs. Because of that, it’s our lowest priority feature atm.

Andrés M. | Satoshi Club:

Yes indeed!

The dungeons are a big part of the ecosystem! In the dungeons you will be able to use your NFTs in dedicated farms and earn rewards a such as NFTs items and components. The components will be used at the forge to craft exclusive items!
In addition you will be able to buy chests (lootboxes) in RUPEEs and gRUPEEs (Golden chests).
Each item has specific stats that will be used as multipliers to defeat the monsters and earn loot!

Kaeporae Gaebora:

You can read more about it here : https://hyruleswap.medium.com/and-the-master-sword-sleeps-again-forever-e98ebc04d332 🙂

Luis Merino| Satoshi Club:

Thanks for the answer. Clear one 😄

Great Deku:

We believe the dungeon system is quite unique and exciting that’s why is so high on our roadmap :)

Luis Merino| Satoshi Club:

I like the idea 😄

Great Deku:

Thanks :)

Luis Merino| Satoshi Club:

Priorities 😉

Luis Merino| Satoshi Club:

Thank you guys, btw how is the distribution of tokens RUPEE? I mean the tokenomics

Kaeporae Gaebora:

For RUPEE, no max supply and 1 new RUPEE minted per block

Great Deku:

But keep in mind that we have a lot of burning going one! We burn via the gambling games, the NFTs and manually every week!

With our last NFT we managed to burn over 47K RUPEEs!

Luis Merino| Satoshi Club:

That’s a lot 😄

Yep haha. Maybe we can jump into it

Andrés M. | Satoshi Club:

What is the current price of RUPEE?

Skull Kid:

Around ~$2.7 atm

Andrés M. | Satoshi Club:

Thank you, then let’s proceed😁

Q4 from Telegram User @jodasf
Many projects decide to have a limited supply of tokens, so why has HyruleSwap decided that its supply will be unlimited and how will this help the token’s value grow?

Great Deku:

We are developing more mechanisms to burn more tokens, like new games. Also keep in mind that the gRUPEE supply is limited to 200K.

Luis Merino| Satoshi Club:

Which games? I think there are many gamblers here 😄

Great Deku:

Haha we will show you a sneak peek on medium when we get closer to the launch date, but for the time being we will focus on vaults first! However it will stay in the Zelda universe and be based on a Zelda mini game :)

Skull Kid:

An unlimited supply unlocks a lot more possibilites to work around. It shift our focus on building valuable features without being concerned with incentivizing after the max supply reached

Andrés M. | Satoshi Club:

Amazing, don’t forget to share it with us 😁

Great Deku:

Of course!

Skull Kid:

Great answers, I think is so clear and we can proceed with the next question, ready or do you want to add something else?

Great Deku:

We are ready for the next question!

Andrés M. | Satoshi Club:

Exciting news for gamers 😁

Q5 from Telegram User @Wormz28
You’ve decided to made an article about Uranium Finance that has been recently hacked where several tens of millions of USD have vanished. I’ve never heard of Uranium Finance before but sad to hear this kind of news. This is an important topic because recently many platforms got hacked, so can you explain more regarding this matter like what happened and why did it happened? Also in your opinion, what do you think? Uranium Finance, have they been victim of a hack or it is a rupgpull?

Luis Merino| Satoshi Club:

Yes! 😊😊

Skull Kid:

Of course, so Uranium Finance is dex, similar to Uniswap or Pancakswap where you can exchange tokens and provide liquidity. Like Pancake, they decided to migrate their current Liquidity contracts ( LP token) to an upgraded version. Unfortunately, the upgraded version embarked in it a calculation error.

Because of the error, the balances of pair contracts were larger, like a hundred time larger than the real ones.

Great Deku:

You can read more about it here: https://hyruleswap.medium.com/this-island-is-going-to-dis-appear-our-world-is-going-to-disappear-our-world-our-world-2ea130268c12

Skull Kid:

After that, anyone could drain all the liquidity of the pools because of wrong data.

We wrote an article about it because it educate us and the community about possible hacks so we can all be careful and avoid it in the future.

Andrés M. | Satoshi Club:

Do you think it could happen on ApeSwap?

Skull Kid:

Definitely not, I tend to think it was a rugpull from the team and I know for sure that ApeSwap is 1000% legit, dope team.

Great Deku:

No we don’t think so, their devs and their team are really cautious about the security aspect and from now on they select their partners very carefully!

Luis Merino| Satoshi Club:

I have no questions regarding this answers haha. Shall we proceed with the last question of part 1?

Great Deku:

They work with various teams to ensure that the funds are SAFU!

Andrés M. | Satoshi Club:

That’s great guys, safety first.

I could see that HyruleSwap has been audited by TechRate, MythX, the premier security analysis services, which is one of the steps that makes the community have a trust in a project like this.But trying to access the Reports from the two platforms, it was redirecting me to another unknown website. How can we get the report in a readable way or we are not meant to go through the report?

Kaeporae Gaebora:

You can find the reports on our github : https://github.com/hyruleswap-finance/hyruleswap-audits/

And we are waiting for the CertiK audit too 🙂

Great Deku:

It should be ready mid-May!

Andrés M. | Satoshi Club:

You have an incredible project guys, congratulations for your great effort💪🥳

Great Deku:

Thanks a lot 💪

Andrés M. | Satoshi Club:

Now is time to go with the live segment of the AMA, time to interact with our community members😁

Would you like to share useful links before we open the chat?

Great Deku:

Twitter: https://mobile.twitter.com/HyruleSwap

Medium: hyruleswap.medium.com

Website: https://app.hyruleswap.com/

We have a lot of communities too in Spanish/PTBR/French…

We can proceed to part 2 :)

Andrés M. | Satoshi Club:

We have an spanish community too, maybe in the future will be great to have AMA with you there

Let’s go @LuisMe7 🥳

Great Deku:

Yes why not :)

Luis Merino| Satoshi Club:

That’s a great idea 😉

How are you today guys?😃

Welcome to HyruleSwap ! The most exciting AMM and yield farm on Binance Smart Chain that takes place in the wonderful world of Hyrule.

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