Greetings!!
Recently, I had the honoured to Host AMA session with
KillSwitch.Finance on 9/12/2021 13.00 UTC
I’d like to share with you the recap of the session, so that you can stay up to date with all of our latest developments and progress.
Please find the recap of the session below:
Q1. First of all, could you please provide a brief introduction of yourself and the team behind the project and what is the primary core business that KillSwitch.Finance focuses on?
KillSwitch operates as a smart yield aggregator with the main aim to enhance the ease and security of all yield farmers. It allows the users to unstake, and take out the Liquidity Position from their funds, and quickly exchange their risky coins through one click which eventually makes it killswitch in the farming domain. It also has fewer steps as well as time which shows that it has fewer chances of human error. The two important features came under our domain such as one-click withdrawal and auto compounding. These features can be accessed on Binance Smart Chain and Polygon.
Q2. As I see KillSwitch.Finance mascot gives the feeling of the galaxy, named Guardian of the Galaxy. What is the reason behind this mascot design?
KillSwitch.Finance mascot is named “Ego” because of two reasons. Ego is a spaceship and it is also physically similar to an egg.
A spaceship makes it possible to explore outer space. The outer space represents the vastness of decentralization including various perks like earning and exploring advanced ways of farming in deconcentrated finance domain. That was one of the ideas behind naming the Mascot as “Ego”.
The mascot’s complete look is decent yet cute. Such look conveys the idea of easy farming, with fewer obstacles and less time used on KillSwitch.
Q3. How does the KillSwitch.Finance ecosystem work? What is your tokenomics?
The native token used in KillSwitch.finance is the “KillSwitch” token. It has a total supply of 200,000,000 KSW. Possession of these valuable tokens, starting from 15000 KSW, helps in various ways including fewer transaction charges and availability of some features that proved helpful in farming (Take profit/ Stop Loss and Mixture Move).
Q4. What is KillSwitch.Finance strongest advantage or killer point over the competitor?
The main advantages of KillSwitch.Finance are as follow:
1. One-click transaction: It allows its user to deposit and withdraw with one click. This feature helps in saving time, and energy and reduces human errors.
2. Any token or LP are allowed: Lp or any other token of KillSwitch allows to perform depositing and withdrawing functions. It is applicable for both input and output.
3. Best Router Swap: The system is capable of selecting the best route for the user depending upon selected input or output by maintaining privacy and transparency. It also controls the front run. You can check all the details in the transacting panel on the site.
Q5. Can you share KillSwtich.Finance vision and roadmap plan launch in near future?
Recently, we have launched KillSwitch Version 2 and had our first ILO. This advanced version has “Mixture V.2” feature. Soon, we will add another important feature named “Take Profit/ Stop Loss and Mixture Swap” and we will expand this plan into Arbitrum, Solana, and KUCOIN chains. Keep following us for all updates.
SECTION 2 — Live AMA Questions.
Q1. Safety is the most important thing to consider when starting a project, how safe is the KillSwitch.Finance platform for users and investors?
KillSwitch takes the security of every step very seriously. So, KillSwitch develop all advanced pools by conducting all the smart contracts on the hard-fork mainnet. Inspex (a professional audit) evaluates all of our codes and ensures security.
https://app.inspex.co/library/killswitch
https://www.certik.org/projects/killswitch
Q2 Does Killswitch plan to enter into the GameFi and/or NFT universe?
Yes, we are working on these two domains and we are at the end stage, now. As our developing team is finalizing the final tests. Our game is known as “reamverse”. It is a survival gamefi and soon it will be open for Beta testing. You can join our community and we will update you about all the recent happenings. https://t.me/killswitch_global.
Q3.NFTs is hot trending now, Do you have a play to have NFTs in your platform? If so, can you tell us the plans of your project in NFTs?
Previously, KillSwitch had sell 1000 Printed shirts of our mascot Eggo and 1000 unique NFTs in an auction. After this, KillSwitch will open the NFT sale for its users for selling it as KillSwitch platform background Theme. NFT can also be use in the reamverse. One can also play and win with KSW on lucky lion. You can check the details here: https://twitter.com/LuckyLionGameFi/status/1468916780902981632?s=20
One can unlock various feature by having specific KSW as:
· Users can use the Take Profit/Stop Loss feature with $100 or 500 KSW
· Users can use Limited Pool with reduced transaction fee of the feature “Mixture Swap” from 0.1% to 0.05% with $200 or 1,000 KSW
· Users can lessen the transaction fee of withdrawal from 0.2% to 0.1% and can use the “Move Mixture” feature with $300 or 1,500 KSW
· Users can lessen the transaction fee of withdraw from 0.2% to 0.05% with 10,000 KSW
Q4. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
Follow us on:
Website: http://killswitch.finance/
Medium: https://medium.com/killswitch-finance
GitBook: https://killswitchofficial.gitbook.io/killswitch/
Twitter: https://twitter.com/KillSwitch_Defi
Telegram International: https://t.me/killswitch_global
Telegram Thai: https://t.me/killswitchofficia
Q5. What are the benefits of holding your token as a long-term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?
The demand for our token shares a direct relationship with the number of tokens used by our users. The revenue generated through our platform will also be used by KillSwitch for again buying the tokens recompensed to the users locked in KSW tokens.
