Blackswan Token $SWAN x Crypto Eagles AMA Recap
Cryptocurrency markets are heavily correlated and full of downside tail risk. While there are many tokens competing to achieve the highest positive growth during these periods, virtually none of the projects plan for the opposite, extreme contraction during market cycles.
Blackswan maintains stability not only during market growth cycles but unleashes growth during contractionary market periods with the aim to move as an anti-fragile asset or uncertainty index.
Q: First of all, please introduce yourself to us. How and when did you get started? How did you get involved in crypto? What is your role in BlackSwan?
A: Hello! Thank you all for having me again. My name is Adrien, I am the co-founder of Blackswan $SWAN. I have been involved in crypto for the past 4 years or so and have a background in traditional finance and quantitative trading. Initially I viewed crypto as a unique investment opportunity, however as I got more involved in the technology, I became convinced that crypto was the future. At Blackswan I manage the project direction, handle marketing, hiring, support and much more. This has become a passion project of mine as well as my partners.
Q: Now please tell us about your project “ Blackswan”. What was the initial thoughts behind this project?
A: Originally the Blackswan idea started as an improved version of Ampleforth, however over time it has evolved to the point where it does not resemble Ampleforth whatsoever. We view cryptocurrency as being an extremely correlated fragile market with systems that are all very interconnected. We saw an opportunity in trying to create a more robust cryptocurrency ecosystem that did not resemble anything else that is currently on the market in terms of expected price action. Following some of the principles pioneered by Nassim Taleb and others we set out to create an anti-fragile cryptocurrency, which is where the Blackswan name comes from. Although there will still be volatility within our ecosystem, the goal is to protect from Blackswan events that would otherwise wipe-out projects, as we have seen many times recently.
Q: $SWAN is the native token of Blackswan ecosystem. I would love to learn more about the utility of $SWAN. Also tell us where we can get $SWAN?
A: $SWAN is an ecosystem token and will become a governance token over time. Many other ecosystem tokens have linear reward systems that do not account for non-linear cryptocurrency market risk. Fees from the Blackswan ecosystem get siphoned into the Blackswan Fund smart-contract where they increase the strength of the Blackswan Token and allow for higher rewards during periods of cryptocurrency market uncertainty. This means that SWAN also has built in utility as being a hedging product for short and long term speculation as well. Within our ecosystem, there are unique yield farming opportunities with high rewards during periods of uncertainty as well as an algorithmic stablecoin (which we are releasing more details on very soon) and much more. You will be able to purchase $SWAN on quickswap, a MATIC / POLYGON dex or during our launchpad.
Q: How will token rewards be increased if anyone has added Liquidity? Where will the 10% reward come from?
A: Blackswan is able to achieve non-linear rewards with the Blackswan Fund smart-contract. During periods of high liquidity, stablecoin gets siphoned into the Blackswan Fund where it is stored in anticipation of black swan events or market uncertainty, similar to insurance. This means that when the market starts to decrease in liquidity, the Blackswan Fund is able to mint additional LP tokens (50% SWAN, 50% stablecoin USDC) and provide those rewards to liquidity providers in an extremely aggressive manor.
Q: Please share tokenomics of $SWAN with its distribution and vesting period?
A: Blackswan has a initial total supply of 10,000,000 however this is a variable supply cryptocurrency that will slowly increase and decrease over time. Distribution will be 10% team, 20% development with a 2 year vesting period, meaning that we will only have access to approximately 3% of the supply at launch to ensure security. 35% of the tokens will be distributed to users utilizing our platform in the first month and 25% will be distributed during our sale. Fair launch is extremely important to us, and we want to make sure that everyone has an opportunity to acquire the tokens early as well as minimize sell pressure and maximize the long term growth potential.
Q: What are your aims in next 2 years according to your roadmap? What is the ultimate goal of your Project?
A: The ultimate goal of our project is to create not only an anti-fragile cryptocurrency being the Blackswan token, but also create an anti-fragile cryptocurrency ecosystem that can sustain many products all working in a symbiotic way to minimize downside risk. There are many issues in the cryptocurrency market today that allow it to fall in a domino effect, however we want to be the project that stands successfully after any collapse, or is even thriving. The most important aspect of long term growth is not maximizing pumps, but minimizing dumps. This means that users can be more secure in their holding and operations at all times. In the short run, after launch we want to focusing on expanding our development team. Fundamentals are our main concern and we want to continue to attract top tier talent in order to achieve that.
Community Questions
Q: What is the Blackswan Fund and Blackswan Lake? Is there any staking program in your project? How can $swan token holders take part in staking?
A: The Blackswan Fund is our smart-contract for holding stablecoin accumulated from the Blackswan ecosystem through fees. The Blackswan Lake is our main staking smart-contract where LPs are able to receive non-linear rewards that increase during periods of uncertainty. $SWAN holders can participate in this by providing liquidity in our supported Quickswap pool and stake their LP tokens in order to receive these rewards.
Q: On your website I came to know that you will launch on Polygon (MATIC) for your initial bootstrapping phase! Kindly tell why $SWAN choose polygon?
A: We decided to launch on MATIC Polygon as we believe it is currently the best balance between low fees, decentralization, market adoption and more. This will allow for a lower barrier to entry than something like Ethereum at least at the moment. There is also currently a lot of growth on MATIC, however there aren’t many unique projects taking advantage of this growth. The Matic ecosystem still has ways to go and we hope to take it there. Over time we will expand to other chains as well.
Q: Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
A: Currently in our plans for our algorithmic stablecoin, a large part of how it will operate revolves around burning $SWAN and increasing scarcity when users decide to burn the stablecoin. In a recent project, iron finance, they collapsed due to token minting when buring stablecoins during an uncertain period. We believe our system will be the opposite and will actually cause SWAN to increase in value when users burn the stablecoin and remain stable when the stablecoin is minted. However, this is a work in progress and we are excited to release the full details soon.
Q: Liquidity, Transaction fees and slippage are always important factors in Finance services. How does $SWAN solve the above problem to attract users? What is project’s revenue model? In which ways do you generate revenue/profit?
A: Liquidity is the main factor that we target with Blackswan. We believe that achieving high market liquidity will lead to the success of the project overall by always allowing traders to exit in and out of their positions at any time indicating a mature token. Blackswan solves the liquidity problem through the Blackswan Lake which is our unique staking system.
The revenue model for our project is centered around small fees throughout the ecosystem, such as when minting a stablecoin, a small portion will be sent to the Blackswan Fund etc. The idea is to maximize utility and functionality so that it is a no-brainer to pay the fee as you are receiving something valuable in return.
Q: How does $SWAN increase the token’s value, liquidity and utility? So that it can lead to an increase in token prices? What is your plan to make your project stable and provide the highest return for investors in the long term?
A: Blackswan becomes the most valuable during market uncertainty by providing increased liquidity rewards. When stablecoin rewards get distributed extremely aggressively, there will be a spike in demand for the $SWAN token in order to try to gain access to the rewards which will then lead to an increase in the price of the token during this period. In addition, as the Blackswan Fund accumulates more stablecoins and the likelyhood of an uncertain event fluctuates, so will the value of the token, but with the general trend moving upwards, as the Blackswan Fund is continuously collecting fees.
In the long run, the anti-fragile nature of the Blackswan token, unique hedging utility and effort we put into the Blackswan ecosystem will propel it to success.
Q: Your project introduced two systems for token Blackswan lake and Blackswan Fund. What is the purpose of both? What is the difference between them?
A: The Blackswan Lake is our liquidity provider staking pool and the Blackswan Fund is the smart contract where we store ecosystem fees in stablecoin (USDC). The purpose of the Blackswan Lake is to ensure liquidity regardless of market condition and is a central part to how Blackswan becomes anti-fragile. The Blackswan Fund collects the rewards for the Blackswan Lake that get distributed during periods of uncertainty.
Q: Everyone knows that it is hard for investors to trust and invest in new projects lately and most the project have claimed to be falsified.
❇️ How will you make sure that the investors trust your platform?
A: This is a concern we completely agree with. I think an important aspect of Blackswan is our distribution plan and vesting period that allows the community to have peace of mind in that we have access to a very small portion of token supply. But in addition to this, we are a transparent project. None of our team members are anonymous, and you can find our LinkedIn’s, personal twitters etc, with ease. Our goal is to ensure that token holders can feel safe especially since our project revolves around hedging.
Feel free to contact us at any time and ask questions!
