JP:Vswap believes that what users need is a sustainable and stable cheaper on-chain transfer solution

1.The competition for DEX in DeFi is fierce. What are the characteristics and advantages of Vswap in terms of team, technology, operation, etc.?

What I want to say is that DEX is only part of the composition of Vswap,

Vswap developers are a global collaborative organization, which is different from the traditional vertical structure organization. The advantage of this organizational mechanism is that core developers can focus on judging functions and requirements, and then output on infrastructure and interface development.

The advantage of Vswap is that we are a multi ecosystem, not just a simple trading function. It now appears that this ecosystem is gradually improving. Our functions cover transactions, lending, insurance, NFT markets, community organization, wallet services, etc. We have built up the cooperation with banking services. In terms of technology, we follow pragmatism, which guides our development. The goal of technology is how to use the blockchain in the simplest way for a wider range. In operation level, we have adopted the DAO organizational structure, and now thousands of self-organized groups around the world have joined Vswap.

2.What are the problems in the current encryption industry, and in what ways will Vswap improve?

From a technical point of view in the encryption industry, the outstanding problem is that the competition for standards is too fierce, which has caused developers have to adapt too many targeted improvements. Sometimes in order to achieve simple functions, many infrastructures need to be built, and each main network has its own difference. This may seem innovative to mainnet developers, but for cross-chain developers, it is heavy and repetitive work. Another problem is that at the current stage, the operating costs(not only gas) on the chain are getting higher and higher. This is a good news for projects that have monopolized the market value. But don’t forget that the cost of a single transaction has also increased significantly while the market value has increased. Not a good sign.

Vswap believes that what users need is a sustainable and stable cheaper on-chain transfer solution, so we have added this kind of thinking to the future implementation of the layer 2 network. At the same time, Vswap tokens are issued on more than one blockchain by burning and mapping to reduce the impact of cross-chain smart contract restrictions, and VAL mapping tokens will also be issued on the layer2 in the future. We do this to match the current blockchain development pattern as much as possible, while at the same time making users unaware of this when using Vswap.

3.What is your opinion on the current competition among many public chains? What is the development layout of Vswap in this situation?

The competition of chains is inevitable,that’s the result of the free development of the market, because from a technical perspective, we have studied the consensus mechanism and contract realization of many chains. Sometimes the best technical standards may not necessarily bring long-term vitality. This is a cruel reality, not only in the blockchain field, but also in many industries, such as engine standards and mobile communication standards. So my suggestion is for people in the blockchain industry to learn more about the evolution of standards from other industries. The blockchain is not the first emerging industry, and it will not be the last. The development layout of Vswap is to be user-oriented. What is really users need. We will focus on what functions are produced to achieve community requirements. The technology accumulation brought by such needs may close to the critical point of the standard, that is, Vswap’s collaboration standards.

4.There are a lot of discussions about the expansion of Ethereum. What are the requirements of Vswap for the expansion plan? Is there a clear choice at the moment?

Vswap has chosen ZKRollup’s Markov tree solution, but due to our performance requirements, we will optimize the layer2 network to a certain extent, and will learn from the experience of many successful projects. But we also have our own innovations. For example, the design of the insurance pool of the layer2 network is not entirely the original ZKRollup design. Because Vswap has set up the DAO sub-community system, we will advance the business operation of the sub-community on the L2 network Ready for technical realization.

The layer2 insurance mining pool is the technical reserve made by Vswap for the next NFT market and dex part, because the transaction of Layer 2 couldn’t synchronize in the staking pool contract of Layer 1 or the external contract routed to, then we need to find a solution to let Layer 2 transactions maintain high speed and 0 fees. At the same time, it is also necessary to ensure that the mapping accounts of Layer 1 and Layer 2 are clear and accurate. Then, in this reconciliation process, one party needs to stand up and take the risk of such errors. The insurance provider is such a role.

The advantage of this is that the user does not need to bear any transaction risk. You know that when layer1 is trading, the user actually bears the slippage risk. This design is to let the insurance pool carry risks on layer2. From the mathematical model of the insurance pool, it is neither profitable nor loss in the long-term. Then we deploy the VAL mining pool to incentivize insurance, and long-term funding is smart, and will calculate the stability of the income.

The ultimate benefit is the vast number of users.

5.We know that Vswap has now received widespread attention from the market. In what form will VAL connnect with crypto asset holders next?

The establishment of the VAL pool is to start the initial liquidity of VAL. After the establishment of the pool is completed, VAL will be able to exchange with all dual-chain encrypted tokens based on the LP pool on ETH&BSC through aggregation routing. This is the plan we are implementing in the first step, and value discoverers are also welcome to observe the historic moment of VAL’s pool building tomorrow.

The second stage, VAL will try to expand DEFI mining based on the liquidity pool, but VAL’s liquidity mining must be based on a certain service, not simply to generate the liquidity of the LP pool. For example, we will try multiple NFT insurance services on the blockchain, and let the insurance period of NFT works managed by the implementation of smart contracts. Then VAL’s mining is to provide assistance to ensure the credit enhancement of a certain transaction between people.

The third stage, when VAL has sufficient market liquidity, it will be able to deposit the value of VAL’s origin assets into the staking pool of Layer 1, and then the high-speed solution of Layer 2 will be supported by VAL. The user’s crypto will get a‘blinking’ solution in layer2.

6. What is the role of Vswap community and how will Vswap develop the community? What incentives will there be for early participants?

Without community, there will be no prosperity and development in the blockchain world. We define a community as gathering people with common goals. The way Vswap develops a community by pass race, country, and gender. First of all, your project needs to mean something. This value may include such good qualities as honesty, mutual, and friendship. When you actually implement it, you must remember to encourage these. Now Vswap has hundreds of thousands of users all over the world, which is inseparable from the user’s high degree of recognition of the project concept. It makes sense to say that many projects struggle to please users, but not necessarily pure economic benefits can be bound. Vswap holds the same standard for all users, that is, you can find the life you want in Vswap.

7.What other plans does Vswap have? What are the application scenarios for tokens?

After the liquidity is established, in accordance with our white paper, part of the LP incentive mining and insurance pool mining will be farming on this pool.

Vswap fully considered the needs of technical incentives, economic incentives, and community incentives.

We provides a voting mechanism for the community, and users can use the VAL as a voucher to join the community.

Vswap has established a variety of insurance pools by VAL to provide ecological protection for origin assets.

VAL can play an economic incentive role to promote the liquidity of transactions on LP.

VAL is a guarantee funding for community developers and community nodes to run the entrepreneurial businesses.

VAL is also an important reward for Vswap to open up the wider unknown blockchain world.

8.What is the difference between raising price crowdpooling and general liquidity mining? What does the team want to achieve by doing this?

The crowdpooling will give participating users a lower participation price. Vswap is a DAO organization, its success has always been the effort of the entire community, so when sharing dividends, it should also be shared.

9.Final question, can you talk about Vswap’s follow-up development plan and goals?

After VAL establishing initial liquidity on the blockchain, by following Vswap’s white paper and yellow paper, we will launch VAL-based financial business on multiple chains, including staking,loan business, insurance pool business, and in the field of international bank payment, we will further cooperate with international payment institutions to connect bank accounts and Vswap digital asset accounts. In the field of NFT, we have held several meetings with international artists. I believe that more artists will settle down in Vswap in the near future. Vswap will be as an easy-to-use blockchain tool. People can find their own value in Vswap and regain their self-confidence and find out a happy life.