Gate.io AMA with MacaronSwap-A Decentralized Exchange for Swapping BEP-20 Tokens

Time: Sep 16th, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Luke,Founder of MacaronSwap in the Gate.io Exchange Community.
Official Website: https://macaronswap.com/
Twitter: https://twitter.com/macaronswap
Follow MacaronSwap on Twitter and Telegram

Guest

Luke — Founder of MacaronSwap

Q&A from Gate.io

Q1: What is your project exactly and can you tell us more about your vision?

Luke: We have a very experienced team who has worked for Information Technologies at enterprise level for many years.

Our project aims to build decentralized apps which will be a major part of crypto and which touches real life by intersecting parts of information technologies.

Q2: Ok and how has building it been? What are some of the major milestones you guys have hit so far and why are they important?

Luke: Our token launch and MCRN IDO in March 2021 was very thrilling for us. Despite there being too many competitors we got a good track, Pancake farm listings(2 times we won farm auctions of Pancake, we’re eager to open a core farm on their platform) and Gate.io listing were very important for us to increase reputation and recognition. We were the first project which built Lossless Lottery on Binance Smart Chain, and it works well so far.

Q3: So it seems on the tech side you are doing very well. How about your community? How has your community grown since you first launched?

Luke: Yes we trust our technical capabilities and skills. Both @macaronchef and I have approx 15 years of experience in Information Technologies.

Our community and Macaron aware people numbers have been increasing. It was just around 2000 while we did MCRN IDO. Now we have 39.200 followers on Twitter, 22313 on Telegram. These users have made 432000+ transactions in 6 months.

Q4: And a good team behind it! Now can you tell us more about your business model?

Luke: We are open to communication to extend our business across chains(nowadays on Binance Smart Chain, on Polygon soon) and we want to collaborate with the eco friendly projects.

We’ll create decentralized financial applications which will be able to adopt real life in a sustainable model.

Q5: Ok, very interesting… but it seems there are other similar proposals in the industry. What are some of the competitors you’ve identified (crypto or non crypto) and how are you different?

Luke: In crypto, especially on the Decentralized Finance side, there are too many competitors to be honest. To shine between them, project teams need to do something unique. Once we adapt the baseline of our structure which has similarities with the other projects, we’ll start to build our unique features which will differentiate us from the others, people will see our differences, profession and platform intelligence after Q4 2021 easily.

Q6: How about the structure of the token. Tell us more about the tokenomics behind the project.

Luke: At first we can say we built a user friendly tokenomics which provides users growing up together. We weren’t a greedy team once we built tokenomics. This provided users with trust. And all funds were spent with their approval with our governance mechanism so far, we were very transparent to them.

MCRN is a governance token as well. All proposals and voting activities are participated and tracked on;
https://vote.macaronswap.finance

Q7: So what is coming? Where are you heading in the next few years and what are the next major updates for you?

Luke: As I mentioned, our core team members used to work for enterprise companies on Information Technologies for many years, it will really help us to build something innovative and we want to present our experience to the decentralized world. We’ll build dApps which will help adoption of cryptocurrencies to the real world.

Q8: Ok, pretty cool. And to wrap it up before we move on to questions from our audience…How do you feel about the industry at the moment and where do you think you fit in?

Luke: Crypto Industry is growing day by day, adoption increases, reputation of the projects are increasing. We still build our project’s basics, the current situation is already way too further than many other projects’ offerings. After Q4 2021, we’ll release the next roadmap which includes many items to meet the crypto industry with real life.