AMA Recap Crypto Library with AnpanSwap


On 26th October 2021, AnpanSwap conducted an AMA in the Crypto Library Community. Our guest is Helen Lock. Lots of questions as usual from the Community about ApanSwap progress. The AnpanSwap team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into AnpanSwap.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Helen Lock (AnpanSwap) : Hello Everyone, this is Helen, CEO of AnpanSwap. Nice to meet all of you. I am pleased here to discussed with all of you about my project.
Crypto Library Team : What is AnpanSwap? and how your team begin the process of creating this project?
Helen Lock (AnpanSwap) : AnpanSwap is a DeFi protocol, built on BSC network with AMM (Trade), Farms & Stake (Earn), Prediction & Lottery (Win), and some products such as NFT, Vote, and Derivative. As you know the transaction fee of Ethereum is so high and with slow confirmation of transaction, while BSC network is cheap & fast, and with demand and growth of DeFi market, our team has started this projects since last 6 months.

Crypto Library Team : Could you tell us about AnpanSwap's Yield Farms and Honey Pools Staking on your platform?

Helen Lock (AnpanSwap) : Four Yield Farms and one Honey Pools Staking were opened but with a very small reward allocation so that users only receive a small Anpan reward when joining now. On November 1st 6PM GMT+8, we will officially open farms & pools with a high reward allocation.

Crypto Library Team : Please tell us about $ANPAN token! What are the token use case, distribution, and how to buy/get it?

Helen Lock (AnpanSwap) : ANPAN token is at the heart of the AnpanSwap ecosystem. We have private sales from October 26~29 with allocated ANPAN amount is 12 millions & price is 0.09$, and publics sales will be held on October 30 4PM GMT+8. ANPAN token will be distributed on November 1st 3PM GMT+8. IDO (Pancakeswap) on November 1st 4PM GMT+8. CEX (Centralized Exchange) listing on November 1st 5PM GMT+8 on:
Later, on, you can buy it on the Exchange. Earn it on Stake & Farms. Win it on Lottery. And spend it around the world.
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Helen Lock (AnpanSwap) : Currently AnpanSwap launched products: Swap, Liquidity, Analytics, Farms, & Stake. And we will release more products: Prediction in Nov, Lottery in Dec, NFT in Jan, Vote in Feb, and Derivative in Mar 2022. You know our Analytics (Info) product is built completely with real-time signal like pancakeswap or uniswap. Just for your reference, with BAKE token has ever reached billions of dollars of marketcap, but it has not completed Analytics (Info) product yet. But we had this completed Analytics product.
Crypto Library Team : I read in your Whitepaper, it says that your narive tokens are used in cycles such as staking, farm produce and lotteries, and what is quite interesting is the statement "AND MUCH MORE TO COME". Can you give a little hint about the plans in developing your token in the future?
Helen Lock (AnpanSwap) : As I introduced above, we will release products such as Prediction, Lottery, Vote, ... so that ANPAN can be used in vote product, buy tickets in Lottery to win, or prediction with ANPAN price.

Crypto Library Team : The main problem with most yield farms is non-permanent losses, which occur when you provide liquidity to a liquidity pool and the price of the assets held changes as the deposit progresses. Are there any tactics you use to minimize or provide a way out of this case?

Helen Lock (AnpanSwap) : Trading fee is a reward for Liquidity Providers, and we also provide a high APR in farm for compensating losses of Liquidity Providers.
Crypto Library Team : Is it easy to buy ANPAN tokens? and where I can store it after I buy it?

Helen Lock (AnpanSwap) : You can buy from private sale, public sale, IDO, CEX. You can store ANPAN in BSC wallet.

Crypto Library Team : How do we get passive income with farms? and how to earn passive income with honey pools?

Helen Lock (AnpanSwap) : You can find the farm with high APR, then you go to Liquidity product and add your liquidity to get your LP token, and then you farm it in our highest farms. And you also stake ANPAN in our Honey pools.

Crypto Library Team : $ANPAN What could be the current price of this token? and how many tokens are you planning to sell?
Helen Lock (AnpanSwap) : A small ANPAN in circulating for opening our Farms & Stake products, so ANPAN price now on several exchanges are higher our private sale, public sale, and IDO. 12 mil of ANPAN is for private sales with price 0.09$ and 9 mil of ANPAN is for public sale with price 0.12$.

Crypto Library Team : For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it's developement Can you tell us that how your project generate the profit?

Helen Lock (AnpanSwap) : Our team has enough fund for products developing, marketing campaign, listing fee on major CEX, liquidity adding and lock our LP token for 1 year. Our profit is coming from trading fee, as you know, currently, other DEX with trading fee from 0.25%~0.3%. But at AnpanSwap, when you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is broken down as follows: 0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers. 0.03% - Sent to the AnpanSwap Treasury.

Crypto Library Team : Trust and security is very important for the project so what is the Audit status of your project?
Helen Lock (AnpanSwap) : Factory & Router contract for Swap & Liquidity products, and ANPAN token contract, as well as MasterChef contract for Farms & Stake products are audited & passed by TechRate. You can see links: 
Moreover, our MasterChef contract was updated on by bscscan team.