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Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Caramelswap and our guests were @CrEaToNCaRaMeL @Uncle_Rich_Caramel @Neltharioncaramel @MamboPlay and @CakeMelSwap. The AMA took place on 31 May.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1?—?introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Caramelswap! Welcome to Satoshi Club
Andres M. | Satoshi Club: Today our dear guests are :
@CrEaToNCaRaMeL
@Uncle_Rich_Caramel
@Neltharioncaramel
@MamboPlay
@CakeMelSwap
Mary | Satoshi Club: Welcome here
@CrEaToNCaRaMeL
@Uncle_Rich_Caramel
@Neltharioncaramel
@MamboPlay
@CakeMelSwap
MamboPlay: Hello
thanks dear
Mary | Satoshi Club: Hello, how’s going?
Uncle Rich Caramel: Glad to be here!
Mary | Satoshi Club: Hi, guys!
We are excited to have Caramelswap today! And want to know as much as possible about you and your project!
Andres M. | Satoshi Club: Welcome friends
@grrilla welcome to the AMA as well
Mary | Satoshi Club: @grrilla welcome here
Guerrilla Caramel: Hello!
Thank you!
Andres M. | Satoshi Club: Let’s begin with a short introduction about you guys
Mary | Satoshi Club: So, let’s start our caramel party
Yes and please, also introduce Caramelswap to our community
Uncle Rich Caramel: Alright,
CaramelSwap is a whole new Decentralized Exchange on BINANCE smart chain as known as 3° Generation yield farming mechanism that allows perpetual price increase with a sustainable and profitable farming yield with a Timelock contract at launch! And numerous new Features.
Mary | Satoshi Club: How old are Caramelswap and who is working on its development?
Guerrilla Caramel: We have less than 2 months with the project up. We have a main Dev who works with his personal team on Caramelswap development.
67 days to be more precise.
Mary | Satoshi Club: Is your team public? Or do you prefer to stay in the shadows?
Andres M. | Satoshi Club: So, how did you choose the name? Why caramel?
MamboPlay: Public.
We are creating a TEAM tab, next to our DOCS, you can follow here
https://caramelswap.gitbook.io/caramelswap/
Guerrilla Caramel: To bring greatest gains and make your life sweeter!
And shure, because we love Caramel!
Mary | Satoshi Club: Thank you for your sweet intro!
Andres M. | Satoshi Club: For sure, everyone like caramel
Ok, thank you so much for your intro. We have collected the best community questions on our website. Ready to proceed?
Guerrilla Caramel: Yes!
Q1 from Telegram user @surendra040
Many projects start with presale and use launchpad for sale so that project will get some reliable investors and gain trust slowly and grow in the project? what was the reason behind Caramelswap launching your project without ICO and presale? how will the early adaptor be benefitted from this type of launch and what is the benefit of holding your tokens in the long run? Most importantly how will you assure the project growth in the long run rather than make it as a pump and dump project?
MamboPlay: We strongly believe in decentralization, and private / public sale does not follow this parameter faithfully. We opted for FAIR LAUNCH, without ICO/IFO/PRESALE or any type of sale. We set a date and time and everyone had the opportunity to start the farm together.
For the development of the project, there is a deposit fee at the Farms, today at 5%, this is enough for development, progress and paying the professionals who work at Caramel.
In less than 2 months we managed to announce 1 article in the Coin telegraph (tomorrow), Listing on Hotbit, Increase of the team in 160% and financing for incredible project improvements.
MamboPlay: Right now we are working on the 1st Prediction of the market in MEL?—?USDT and CAKE?—?USDT pair, which should be launched by the end of the week.
Mary | Satoshi Club: Listing on Hotbit is planned for June, right?
Guerrilla Caramel: right
Mary | Satoshi Club: So, if i will deposit to your farm 5% will go as fee to the team?
Guerrilla Caramel: Yes! Only pairs of Mel and Mel Pool are free of fees! They`re used to project develpment and marketing.
Mary | Satoshi Club: Gotcha!
Andres M. | Satoshi Club: Great, so how can we join each pool? What is needed?
Guerrilla Caramel: Well, to join any pool you need to check Mel Requirement. U must hold that quantity to join them.
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
Guerrilla Caramel: shure!
Q2 from Telegram user @Jonahapagu
One of the features that will be implented soon on CaramelSwap is “Initial Farm Offerings” (IFO), where user can be able to buy new tokens, so how will IFO’s on CaramelSwap work. And IFO’s are more common on pancakeswap which means you’ve got a big competitor on this, so how will conducting of IFO’s on CaramelSwap differ from an IFO on pancakeswap or the use of other token sale methods..
MamboPlay: IFO in pancake is extremely popular and happens on average 1 to 2 per month.
We will open the forms on the 6th of June. We’ll do 1 IFO every 10 days.
It is necessary to have MEL to be able to participate and buy the new tokens. 50% of all value collected in MEL during the IFO, will be burned. This will help to drastically reduce the supply, causing fewer tokens to be on the market and the price to go up.
Mary | Satoshi Club: How many tokens we will need to hold to participate?
Guerrilla Caramel: It depends on the Pool/Pair
Neltharion Caramel:
Andres M. | Satoshi Club: Where can we buy Mel token, only using Pancakeswap?
Also, what are the main usecases of $MEL?
Guerrilla Caramel: Yes, and soon in HotBit.
MamboPlay: https://twitter.com/caramel_finance/status/1397654261819973638
Mary | Satoshi Club: Btw, guys, do you have governance?
Uncle Rich Caramel: We’re working in an groundbreaking public system
Mary | Satoshi Club: Super
we will wait for updates from you
Ready to go to the next question?
Uncle Rich Caramel: Ready to go
Q3 from Telegram user @Ajpaa
Caramel Swap is said to Improve it’s users experience on the platform by solving technical issue that may arise like transaction failure, cyber attack (DDOS) or a prolonged downtime that may arise with it’s dApp, this will be solved by introducing MasterChef. Tell us more about the MasterChef and how it’s going to help users solve the dApp issues that may arise? how can a user perform an emergency withdrawal through MasterChef?
MamboPlay: MasterChef is the name of the Farm contract. It was implemented at the launch of the project.
About DDOS attacks, we have the best protection available on CloudFire and Dedicated Server for hosting.
For an emergency withdrawal, you can follow all the steps detailed in our Whitepaper:
https://caramelswap.gitbook.io/caramelswap/tokenomics/emergency-whitdraw
Mary | Satoshi Club: What about security of your platform?Did you make any audits?
MamboPlay: Yes
https://caramelswap.gitbook.io/caramelswap/tokenomics/audit
Guerrilla Caramel: Yes. We have been audited by TechRate.
Mary | Satoshi Club:
I see this on your page
MamboPlay: https://github.com/TechRate/Smart-Contract-Audits/blob/main/Caramel%20Full%20Smart%20Contract%20Security%20Audit.pdf
Mary | Satoshi Club: Does it mean that you plan more audits, Certik, for example?
Guerrilla Caramel: Yes. It is in our plans. We want to do it as soon as possible!
Mary | Satoshi Club : Got it
Thank you for your answers!
Q4 from Telegram User @Asela1112
Liquidity of a pool effects on the price of all currencies. Some times due to low liquidity, cryptocurrencies might tend on collapsing or rising in the global market. What are the strategies/techniques which you expect to launch in order to increase the liquidity of the pool in Caramelswap in future?
MamboPlay: Buying Back has been happening since the launch, part of the FEE is used to buy MEL and burn it.
Required MEL?—?To farm MEL, you need to have a minimum amount in Wallet, according to each POOL.
IFO?—?every 10 days we will launch a new IFO inside Caramel, 50% of the collected tokens will be burned.
Halving?—?CaramelSwap today produces 7 tokens per block, in the near future we will make the announcement of Halving, which will lead to 3 coins per block. Making tokens rarer and more expensive.
Prediction?—?You need to have MEL to be able to bet. 20% (MEL) of all bets gets burned.
Andres M. | Satoshi Club: Btw, please tell us about the tokenomics of MEL, max supply and current market cap?
Mary | Satoshi Club: When do you expect this happen?
Guerrilla Caramel: When we reach a expressive number of holders. It is not too distant.
Mary | Satoshi Club: How many holders do you currently have?
Guerrilla Caramel: 5,314 addresses
Mary | Satoshi Club: Wow, it’s good numbers for new project! Good job
Can you help us with this info
Andres M. | Satoshi Club: Great amount, what could they expect into the long term? What are the main benefits for long term holders?
Guerrilla Caramel:
https://caramelswap.gitbook.io/caramelswap/tokenomics/caramel-usdmel
As we have a farm system, we have not a Max Supply.
Our current Market Cap is $1,629,600.62
Andres M. | Satoshi Club: Thanks for sharing
Guerrilla Caramel: We are a DEX that plan to never keep off. We have the Mel requirement system, that is a good incentive to the farmers. To farm, u must have. So everyone needs to hold Mel.
Mary | Satoshi Club: Yes, your system differs from others
Guerrilla Caramel: Independent of the market prices, farmers will always need to hold Mel. This quantity is managed to be the best in each market prices.
Q5 from Telegram User @lzamg
I couldn’t find a CaramelSwap roadmap, but I would like to know about your plans. I know that Caramel is already listed on Coinmarketcap and reached the 5k holders mark, so what is next? What are you working on right now? What is the next big step for the development of CaramelSwap? What are your goals for the second half of this year?
MamboPlay: We have big expansion plans!
Our roadmap is being introduced within our Whitepaper:
https://caramelswap.gitbook.io/caramelswap/
• In a few days we’ll have an article published in the greatest cryptocurrency platform in the world
• June 6th?—?Start of IFOS,
• June 10th?—?HOTBIT launch
• Next 15 days, launch of Prediction
All our complete ROADMAP is being updated on the Link.
Mary | Satoshi Club: What is the biggest goal for Caramelswap?
We hope to create a CaramelSwap (MEL) for everyone to farm from it !!
Gotcha!
MamboPlay: We solved these problems below by modifying the contracts :
-Large fund enters and exits creating a significant fluctuation.
-Constant token creation with stable coins without any contribution
-Insufficient token burn
-Rugpull
-Update Lottery.
-Hybrid Burning Mechanism
-Automatic Emission Reduction
-BuyBack Burning
-Deflationary
-Mel Required
Andres M. | Satoshi Club: Well, is time to proceed with the final question of this round of the AMA, would you like to add something else before the next question?
MamboPlay: let’s move on
Q6 from Telegram User @kimterbear
CaramelSwap holds and manages various of the best and profitable pools in crypto. In order to use these pools, it is required to have a minimum amount of MEL, depends on every pool. How does every pool different from each other in terms of incentives, especially the MEL which has x6 rewards? Why is the Eth have the smallest multiplier of rewards?
MamboPlay: We always seek to balance and make the APR similar to the others
The pools that receive more liquidity, we increase the APR so it gets balanced, and those that receive less, the multipliers are smaller.
This way we get a FAIR and BALANCED farm
As the community have been requesting, we are going to increase the ETH POOL a little bit more in the next few days
Andres M. | Satoshi Club: What is the pool with the highest apr?
How are you dealing with high fees? High gas hasn’t been a problem for you?
Neltharion Caramel:
Andres M. | Satoshi Club: Wow, great opportunity Satoshiclubbers, let’s join
Mary | Satoshi Club: What is MEL price now?
Neltharion Caramel: $0.207467
Mary | Satoshi Club: Oh, so everyone can afford to farm in your pools
Thank you, guys for your answers! Your fingers are strong!
Guerrilla Caramel: Well, this havent been a big problem to us. We just get worried about our investitors having problems with network lags and bugs.
As it occurs, they have to increase the gas to make their transactions. This is our main concern!
MamboPlay: Yes, enjoy it while it’s still low
Mary | Satoshi Club: But it’s not ETH chain)
Andres M. | Satoshi Club: Yes, it’s a big problem for traders right now
Mary | Satoshi Club: Ok, we are close to the live part now
Part 2?—?live questions from the Telegram community
Q1 from telegram username @doithay1617
Hello
Is the supply of CARAMEL is unlimited? Will this affect the price of $MEL? And what plan does CARAMEL have to reduce token inflation?
Uncle Rich Caramel: MEL has unlimited supply, it’s true.
But it won’t affect the price because in each transaction is burnt 2% of it • we manually make periodical burns • and when we get to the necessary amount of holders, there will be a halving so we can control even more the inflation
Q2 from telegram username @Shaa93
I see CaramelSwap has 4 features, what is the main feature of CaramelSwap ? Hold to use the best POOLS? or Trade?
CakeAdmin CaramelSwap: We have the pools with the most promising currencies on the market, along with farms.
I highly recommend the farm due to the high rewards.
Q3 from telegram username @Derazy
You mentioned earlier at the intro that Caramel Swap has come up with numerous features. Can you please tell us one or two best of the features?
Guerrilla Caramel: Mel Requirement: Hold Mel to acess the best pools. This makes our farm one of the most rentable these days.
We have new features to add as predict to implement yet.
Q4 from telegram username @highpee
In order to join your FARM POOL, users are TAX 5% as transaction fees which you said goes to the TEAM. What will the team be USING these fees for and do you tax same amount from farmers when unstaking from the pool?
Uncle Rich Caramel: We use the transaction fees so we can invest it on marketing • team payment • project development
The fees are not applied to unstake, only to stake
Q5 from telegram username @Ratash97
When are you going to launch the farming pools ?
MamboPlay: We are already online
https://caramelswap.finance/farms
Guerrilla Caramel: Wich ones? We`re realeasing some new V2 pairs as we can.
Q6 from telegram username @JoxesXIII
Listings on coinmarketcap congratulations! In which other websites or platforms are you betting to be listed?
MamboPlay: Coinmarketcap: https://coinmarketcap.com/currencies/caramel-swap/
CoinGecko: https://www.coingecko.com/en/coins/caramelswap
Dappradar: https://dappradar.com/binance-smart-chain/defi/caramelswap
Coinstats: https://coinstats.app/en/coins/caramelswap/
Livecoinwatch: https://www.livecoinwatch.com/price/CaramelSwap-MEL
Coingolive: https://coingolive.com/en/coins/caramelswap/
Coinmarketcal: https://coinmarketcal.com/en/coin/caramelswap
Coincost: https://coincost.net/en/currency/caramelswap?from=search
Nomics: https://nomics.com/assets/mel2-caramelswap
Coindataflow: https://coindataflow.com/en/currency/caramelswap
Mybitcoin: http://www.mybitcoin.xyz/currency/caramelswap
Q7 from telegram username @cryptoneco
How will you describe your project to audiences whose native language is not English and who do not understand English at all? Could local communities be a good option for this, or will you be using other channels?
Guerrilla Caramel: We have the PT and EN official channels. Our focus by now is on the global, because we can attend all the communities here. Could be too much for us to manage too much cummunities separated.
Q8 from telegram username @Ashia_24
What are your goals for this AMA session? What exactly do you require and desire from the Satoshi Club Community?
Guerrilla Caramel: Hello Ashi!
We want to show transparency and that we want to make to deliver great experiences and rewards to the community.
Q9 from telegram username @Guandog
Burguerswap and Julswap have lost all reputations due to flash loan attacks. How CaramelSwap plans to take its place as the best DEX next to Pancake?
Guerrilla Caramel: We are safe about it. Our migration is manual and we`re in transition to v2.
Projects that were exploited by the Flash Loan were doing automatic migration.
Q10 from telegram username @bardotoken
With the recent Flashloan attacks happening across the BSC network, many investors have been afraid to invest in various projects and Caramel is not outside that framework, what could you say to reassure investors, how safe we are against this type of attack inside CaramelSwap?
MamboPlay: Flash Loans explore vulnerabilities in contracts that opted for automatic migration to v2, knowing that we chose to do it manually, we invested in the best protections against DDOS and also in a dedicated server. The caramel contract does not have the shortcomings of some specific contracts that were attacked. Investing in information security has been one of our top priorities in recent weeks.
Part 3?—?Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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