MacaronSwap Telegram AMA January 17
The transcript for AMA on the official MacaronSwap Telegram group on the 17th of January, 2022.
Co-founder Luke Kvalheim answered questions from the community. “LK” will be used as Luke Kvalheim for the transcript.
LK, [17.01.2022 20:29]
hi there!
LK, [17.01.2022 21:03]
let’s get started
LK, [17.01.2022 21:11]
We accept the average defi market and the MCRN price trend is not good for now and we feel its pain as much as you can. We know many of you measures the success of the project with price performance and market cap performance, which is an acceptable approach. So we need to manage better as we understand. We already focused on our roadmap and tasks already, the team is dedicated to just MacaronSwap and everyone in the team tries to contribute to our project as much as we can.
We have a strong roadmap that we need to complete asap. On the marketing side, it’s really dependent to access our new features. While our tasks getting ready, the marketing side will find more items to sell. So I can tell we’ll do some banner/ads marketing across well-known common platforms.
LK, [17.01.2022 21:12]
so, if I pass to the QA stage:
LK, [17.01.2022 21:13]
Q: -you’ve issued the 2022 roadmap but it isn’t a new roadmap for us. They are the remaining items of the 2021 roadmap. isn’t it too late for them to be finished in may? when are you going to issue a new real roadmap?
LK, [17.01.2022 21:13]
A: Existing roadmap items’ deadlines re-aligned with the technical team. We’re aware some tasks are late and apologies because of all of them. In parallel, we discussed and decided on some new features including locked staking vaults, etc. They will be published until May too. We decided about the final structure of our router which we will build. It will help to feed MCRN price as it will bring some income... It will enhance users’ experience who make swap operations across DEXs or chains.
LK, [17.01.2022 21:14]
Q -Will be there locked vaults, pools with 3,6 or 9 months periods?
LK, [17.01.2022 21:14]
A: Yes. There will be locked vaults with different periods which will reward long-term holders more.
LK, [17.01.2022 21:15]
Q -When new chains shall be implemented? you told us that it is easy to integrate new chains. Why we are waiting for implementations of new chains. New chains will increase demand
LK, [17.01.2022 21:15]
A: True, this is the fact. We will deploy on 1 more chain until mid-February. It will be Arbitrum, Avax or Fantom. After some time we will continue to extend multiple chain experience.
LK, [17.01.2022 21:15]
Q: -what is your plan for the Unique features that you mentioned at the beginning of the project.
LK, [17.01.2022 21:16]
A: It’s a feature that will help defi projects to meet with real-world with common monetary circulation. We cannot still disclose it completely, but it will be a frequently used feature.
LK, [17.01.2022 21:18]
And I want you to know, the cryptocurrencies world is very dynamic and evolving fast, if you share something before you do, others can do it before you.
LK, [17.01.2022 21:21]
Q: Where do you see your project in the 2023 market ranking?
We want our project to take place between the top 500–1000 projects until the end of 2022. After 2022 We will work hard to move Macaron Swap to the top 500 which we will count as successful if we can do.
LK, [17.01.2022 21:30]
Q: How do you intend to reverse this meltdown in the project price?
We will bring some new features to increase demand from the market. And it’s not only dependent on our effort. You know we have reasonably high APR/APY compared to stable coins, which brings more inflation. If our community members believe token prices cannot drop forever and stop selling every reward token, we can get a more attractive graph for the new investors. As the team we will do our part with working best effort, we kindly ask community members as they’ve invested in a low cap project which needs the support and belief of core investors. Market enlarging very fast, there are tons of projects around almost every day, and many of them disappear after a few months, macaronswap proves it will stay in the market if you compare with same level low caps which was born similar times. So it won’t continue to down forever, it will start to rise if you believe. And we will do our work. We started to buy back and burn mechanisms too, which will help to reduce circulation.
LK, [17.01.2022 21:32]
Q: What do you think about attracting investors to the project?
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We already have some good features and we will add more by time. As i mentioned in the previous answers, we will increase marketing when our products arrive. So technical team is working hard to complete existing roadmap items asap.
LK, [17.01.2022 21:36]
Q: It is very assertive to say that 2022 will be the year of the MCRN. What do you base this statement on? what’s on your mind.
All you know is low caps can move faster compared to the others. Our features and use cases will help us to receive more users and traffic to our platform, which will make Macaron Swap more attractive. And you can compare MCAP of some projects around 500s or 1000s with the current Macaron Swap market cap. It will mean better return compared to the average or others.
LK, [17.01.2022 21:39]
Q: Do you intend to increase the communication between the investor and the team? A successful alien mod wouldn’t be bad
With alien probably you meant foreigner because we cannot find someone from the moon to manage the community 😊
We will employ community managers and business developers by time. Also, the technical team will continue to expand.
LK, [17.01.2022 21:40]
Q: Will you review your marketing strategy this year? Or are you still an ad-free growth promoter?
Yes, as I mentioned. Something needs to be changed. 👍 Advertisement and growing with the community is the best way to grow up normally and it’s quite painful. We discussed and accepted we need to complete our features to hold new attending community members, otherwise, they can tell easily, oh just another pancake fork and leaves. In fact, not. Just UI is similar to Pancake, but contracts are enhanced. More features were added and will be added. UI+New features will help us to provide some reasons to stay for new attendees to the community.
LK, [17.01.2022 21:49]
Q: Do you not plan to go to markets other than Turkey?
The Turkish market is a very big and growing market but it wasn’t our choice and we didn’t expect Turkish friends' dominance in the community. Probably many of you saw the crowd on day 1, probably because some of the influencers, Turkish friends were attracted more. I wish we could extend decentralization more, we don’t want the community to stay Turkish-centric, it will change over time I believe.
LK, [17.01.2022 21:52]
We have partnered with too many projects, to increase variety. Probably if you check many of the projects, you’ll still see the dominance of Turkish guys I assume. Your country is in the top 5 of the biggest cryptocurrency economy in the world.
LK, [17.01.2022 21:53]
Q: Do you plan to meet with companies to get investment this year?
Market conditions are very dynamic. Why not. Initially, we need to focus to finish our work into the roadmap.
LK, [17.01.2022 21:56]
Q: Investors should be explained in detail what the improvements in the roadmap will do. Investors should be given a reason to support the project, not left unannounced. What do you think about that?
That’s why we shared the progress of the roadmap public. @macaronchef may add some notes or details about the items by time to give an idea about the progress.
LK, [17.01.2022 21:58]
Q: Will the postponement of the 2021 roadmap effect 2022?
If we could finish so far, we can do something earlier which could be better. But it won’t affect way too much.
LK, [17.01.2022 22:01]
Q: There are many complaints about people with large investments making manipulative moves, how do you plan to prevent this?
It’s defi and we cannot prevent someone to become a whale. if other community members move smart, manipulators cannot obtain what they expect. The key is, don’t panic. The manipulators earn money from the panic of the other investors.
LK, [17.01.2022 22:06]
Q: Even if the product is of good quality, it cannot be recognized without marketing. I think that the marketing strategy should be developed in agreement with experts in the field. what do you think about that?
Yes, we will work with professionals when we need them. We already have relationships with some agencies for marketing, we’ll play for recognition. We expect our community members’ best efforts until so, with social media channels like youtube, Instagram, TikTok, youtube, etc.
We’ll do take support of professionals too.
LK, [17.01.2022 22:10]
Q: What do you plan to do about cooperation and new pools?
Yes, we will. The community needs to invite people for the pools like Stake MCRN with earning BNB, CAKE, MATIC, and QUICK. It will help us to distribute less MCRN when we do a cross-agreement with a project. If you can find some reasons to stop selling, there are many tbh, to new pools will increase accordingly.
LK, [17.01.2022 22:12]
So thanks to all who raised their questions before the AMA. I’ve replied to all questions which were asked before the AMA.
LK, [17.01.2022 22:13]
I’m thankful to everyone who has attended and followed. Thank you and have a good day! ❤️
