KuCoin AMA with MojitoSwap (MJT) — Win in DeFi, Cheers with Mojito

2022/04/13 09:12:49

Dear KuCoin Users,

Time: April 8, 2022, 11:00-11:56 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the CMO of MojitoSwap, Gloria, in the KuCoin Exchange Group.

Project Introduction

MojitoSwap Finance is the first audited decentralized exchange running on KCC, with lots of features that can help you earn and win tokens. It is fast, cheap, and easily accessible.

Official Website: https://app.mojitoswap.finance/

Litepaper: https://docs.mojitoswap.finance/

Follow MJT on Twitter and Telegram.

Guests: Gloria — CMO of MojitoSwap

Q&A from KuCoin

Q: Can you introduce MojitoSwap?

Gloria: Hello guys, this is Gloria, the CMO of MojitoSwap. It is my honor to be here today. And I am thrilled to introduce you to the MojitoSwap, https://app.mojitoswap.finance/ the DEX that has the most TVL on KCC, just like PancakeSwap on BNB Chain.

Mojito Finance is the first audited decentralized exchange running on KCC, with lots of features that can help you earn and win tokens. It is fast, cheap, and easily accessible. We currently have open functions like Trade, Bar (Farm), Wine Pools, and Launchpad. Other exciting functions are on the way.

Q: What is the highest yield in MojitoSwap? Can you also please help us learn how to use MojitoSwap?

Gloria: Sure! Although DeFi has been very popular in the past year, maybe some of our users still haven't used any DeFi-related products. The APR in MojitoSwap can reach up to 300%.

MojitoSwap has a very simple UI and is easy to learn. Let me briefly teach you how to use it.

1) The Bar (Farm) allows users to use a combination of two tokens for liquidity mining to earn MJT. You can combine either MJT or USDT with other coins to earn a good APR. We have many pairs!

2) The Wine Pool is a simple way to earn MJT. All you need to do is deposit MJT into our automatic pool. You can get 130% APY, a good way of wealth management. In addition, you can withdraw it at any time.

3) MojitoSwap provides a launchpad channel for startup projects, similar to the BurningDrop function on KuCoin. You can get a token of some early projects at a good price. In February of this year, we just had our first launch on our Launchpad to raise funds for a project called CoolMining (COOHA). From TGE (Token Generation Event) to now, the price of COOHA has tripled.

If you want to learn more about how to earn high APY with MojitoSwap, please read this. At the same time, you can also enter the MojitoSwap community to discuss with our users and learn more about how to earn MJT.

Q: Can you briefly introduce your token, MJT, and the benefits of holding MJT to our users?

Gloria: MJT is the governance token of MojitoSwap. Holding the token will grant you access to all the functions that we developed. There are also many utilities for holding MJT, such as participating in managing the MojitoSwap liquidity mining pool in the future.

At the same time, you need MJT to participate in the launchpad so that you can get high returns from the listing of new projects.

Q: Why did your team accept KuCoin's investment, and why do you think KuCoin labs invested in MojitoSwap?

Gloria: This is a very good question. For MojitoSwap, after we went online, we received the attention of many investment institutions and investors in the industry. After communicating with the KuCoin Labs team, we finally decided to accept the investment from them. I think it will benefit both MojitoSwap and KCC since we are native KCS fans.

As for why KuCoin Labs decided to invest in MojitoSwap, I think it is because we share the same vision on the future of decentralization. In the communication process, KuCoin Labs acknowledged our way of doing things, and of course, there are more details in the final decision regarding their investment in us. But that is my opinion on that.

Q: You will definitely be more successful after getting the KuCoin’s investment. Please share your roadmap for 2022 with us.

Gloria: Yes, accepting investment is the icing on the cake. I would like to show you our roadmap for 2022.

Q1 & Q2:

1. Upgrading existing products and enhancing the user experience

2. Upgrading the homepage of MojitoSwap

3. Upgrading the UI design and interaction

4. Launchpad (Done)

5. Profile (Done)

6. Lottery

7. Tool: forming LP tokens with a single click

8. NFT system and NFT MarketPlace

Q3 & Q4：

1. Lending

2. NFT: NFT collections with specific traits such as reward boosting

3. GameFi: Play-to-earn games with PVP and PVE mode

4. DAO: Community autonomy and the development of basic tools related to voting

Q: Is there any more big news you would like to share with the KuCoin Community?

Gloria: In fact, MojitoSwap has a lot of updates and new projects to look forward to.

First up is the MojitoSwap V2, which includes the new NFT Marketplace, new liquidity mining products, and the new homepage of MojitoSwap. As we all know, we launched the NFT Marketplace on March 28, 2022, which has been loved by many users.

What's even more exciting is that our new liquidity mining product is about to go live in two weeks.

Second, our new Launchpad is ready and will meet you next week. This project is very interesting. I believe everyone will like it.

Finally, we will be launching a lot of joint activities:

1) Mojito & Multichain Joint Transaction Event

2) The upcoming OpenLeavra Cooperation Lending Activity

So, please stay tuned! Follow us on Twitter and join our Telegram group for the latest updates!

Q: Is there anything else you would like to share or you want us to know, Gloria?

Gloria: Before we end this, I have one thing to share. After the AMA, we will be running a 200 MJT giveaway event in the MojitoSwap community. Please join us to participate. If you want to get the prize and some free MJT to try our products, please join now. I want to see all of you later!

Free-Ask from KuCoin Community

Q: Staking, NFT is very hot. Do you think you will apply NFT technology to your products in the future?

Gloria: Yes, in fact, we already have an NFT market. You can come and experience it.

Q: Is your project a community only for English-speaking countries or for users not of other languages?

Gloria: We have communities in various countries. You can join us and choose one.

Q: Can you explain how your Tokenomics Distribution is? How many tokens will be minted? And how many tokens will be locked by the team?

Gloria: I think that's a good question, and I hope you guys can understand our economic model. You can read this.

Q: At the moment, only new coins are being added to the pool. Will different things come, coin burning, such as listing on another exchange?

Gloria: Yes, we have a lot of new features and events planned. Please join our community to learn more.

Q: What are your top 3 priorities for 2022? Could you share some plans for the upcoming year?

Gloria: Actually, just in the AMA, I shared our roadmap for 2022.

Giveaway Section

KuCoin and Mojitoswap have prepared a total of 500 MJT to give away to AMA participants.