Hi crypto fans! Welcome to CCS Crypto
Currency State. My name is Santiago. I'm a web developer and investor and in today's
video I'm going to be reviewing Polkaswap. I'm going to compare it with the competitors.
I'm going to explain to you what Polkaswap is and I will tell you why I think PSWAP could be
the token that could make you a millionaire. Next I will also send the 300 to the winner of my last
giveaway for my 1000 subscribers, but remember that I launched the most amazing giveaway.
will be giving half of a bitcoin to one winner and five Ethereum to five different winners. so
if you want to participate in that you need to be subscribed to the channel with the bell on.
The link is in the description, it's very easy, just a couple of clicks. Leave me your comments
about the video. What do you think about Polkaswap and the opportunity to enter into the distribution
of the token? I think this will be one of the last chances to make you a millionaire in this bull
run. Without anything else, let's go into it. Hey guys , well Polkaswap is one of the
projects of the Polkadot ecosystem. Polkaswap is going to be the decentralized exchange
for the Polkadot and Kusama ecosystems and it will be hosted in SORA 2.0 Network. This project
already launched the test net in the Q4 of 2020. And for Q1-Q2 of 2021, I think near June, will
be the Mainnet launch of Polkaswap.
It will also work with HASHI Ethereum Bridge, so
you will have the ability to trade any ERC-20 token with decentralized exchange. of
course. And for Q2-Q3 of 2021 we will have version 2 with all the advanced futures, so this
is something that is really close to coming out. What is the difference between Polkaswap
and Ethereum based decentralized exchange? So from my perspective Polkaswap will
be the direct competitor to Uniswap and also to PancakeSwap. So we have Uniswap based
on Ethereum. We have PancakeSwap by Binance smart chain. So Polkaswap will be the utility
decentralized exchange for the Polkadot ecosystem. So one of the advantages versus Ethereun DEX
is: a multitude of assets existing on numerous chains. So “”the traded pair on Polkaswap
are not limited only to the ERC20 tokens like other decentralized exchanges, but can be any
blockchain that can be connected to Polkadot.” So this is very important because you will
always have the ability to get the interpolation that Polkadot will also launch on the mainnet
-and this is also for the Kusama environment- And so with interoperability and also the
possibility to get bridges to other chains, you will mainly be able to trade any pair
of tokens into this decentralized exchange. Also we have, like with PancakeSwap, gas
fees are very low compared with Uniswap and the decentralized exchange for Ethereum.
Polkaswap will also get lower gas fees and this is because the gas feeds
will be lower using the SORA Network because the core infrastructure, which uses
substrate, is more scalable than Ethereum. Also another advantage here is the one-time
If you are currently using the Ethereum decentralized exchange blockchain, you
will find that these decentralized sections are simply too slow, as there is a time lag between
the time a transaction is sent and the time it is validated and that will not happen with Polkaswap.
And if you use Uniswap you might be experiencing those kinds of lags. Polkaswap project also
gives us one main token which is PSWAP. PSWAP will have a 0.3 percent trading fee per
transaction, like Uniswap. The trading fees are used to buy back and burn PSWAP tokens
and so new PSWAP tokens are minted to reward LPs. Rewards to liquidity providers start at 100%
of burned trading fees and gradually go down to a flatline at 35 % of daily burned tokens after five
years. So it will basically be deflationary so the token will get more value over time. Before we
continue with the video remember that I am doing an Amazing Giveaway. I will be giving away half
of a bitcoin to one winner and five ethereum to five different winners. If you want to participate
it's super easy, just a couple of clicks. Follow the link in the description but remember that
you need to be subscribed to the channel with the bell on to be considered a winner.
now from what I’ve found we have a market cap of 10 billion tokens for PSWAP. So that will be the
supply right now. And in the ecosystem with this SORA v2 and the Polkaswap Soft Launch, we
are very close to the soft launch before the main launch in Q1 or Q2. The important thing
is that we have three tokens to manage here: XOR which is the token for the
SORA Network, we have VAL which is mainly an airdrop and then we have PSWAP. So the
XOR distribution, his fair distribution 350 000 tokens were recently put on Uniswap, so you
can buy them there.
The VAL distribution, these tokens are distributed in three groups: former
value of 1 XOR token Holders within Q4 of 2020. The ERC20 XOW holders as an airdrop, so you can
get VAL for owning XOR tokens; And for PSWAP: 10 billion total supply which will decrease as
tokens are burned. The price will be dependent on the market but the distributions of PSWAP will
be announced on the soft launch, but anyways. How can you get the token bonding curve? How does it
work? Simply put, you can buy XOR tokens using ETH or DAI, and be rewarded with PSWAP tokens on
soft launch with one click. The interface is very simple to use, there is also an incentive in PSWAP
for users buying XOR from the Token Bonding Curve. So basically for now you can be rewarded with
PSWAP if you own XOR tokens, that is what I'm planning to do right now in the next week. So
SORA Network tokens can freely move across the HASHI Ethereum Bridge which means that the three
tokens on the SORA Network can be stored both on the SORA network and also on Ethereum Network.
This is where you can store those tokens.
So which are the best ways to acquire PSWAP tokens? Well,
there are three incentive programs right now: the first program will be “Reward liquidity
providers on Polkaswap for the next four years. About 25 000 PSWAP will be allocated
daily to liquidity providers on Polkaswap, and after a vesting period, users will be able
to claim them.” “The second program will reward buyers on the Token Bonding Curve (TBC)”
what we discussed before, “25 million PSWAP will be provided as special bonus rewards when
buying a newly minted XOR from the TBC. And the third program is for market makers on Polkaswap, 4
million will be reserved proportionally for market makers that have at least 500 000 transactions
winning an average of at least 1 XORl in each transaction.” So right now these are the ways to
get PSWAP tokens. Of course after the main launch, you will be able to get these PSWAP tokens too.
But the important thing because we are close right now is how to get those tokens right now. How
to buy SORA (XOR) from the SORA Token bonding Curve. You can enter into Omar Khalid right here
at omar-khalid.com, and you can enter here and see how to get this exactly..
How you can get them
exactly. So the main thing right now is to get the XOR tokens and be rewarded with PSWAP, i
think that's the very best strategy right now. So hi guys we are here, i'm going to put the url
from my last video and we are going to see who wins the giveaway from the 300 ETH. And the winner
here is James McKinsey. So here is the ADA wallet in the comment, so i will be sending you
James the 300 dollars, so please watch this video and comment below if you get it
correctly and everything but you are the winner of the 300 so congratulations.
So the question
is “What do I need to do to get in on Polkaswap? and is it worth it to get into Polkastarter?” Hey
man, I found this on reddit which is very cool and says “there's good and bad news. Bad news is that
technically no one can buy PSWAP tokens until the Polkaswap decentralized exchange is launched. The
good news is that liquidity providers can start harvesting PSWAP tokens (claimable at launch of
Polkaswap) using pairs of either XOR/ETH, XOR/VAL or VAL/ETH on Uniswap or Mooniswap. So
the game is called the Sora farming game.” And if you can go here, you can enter and connect
with your wallet and enter into that farm to get your PSWAP tokens there.
And also, if you go
to sora.org you can know more about the SORA Network and how the SORA Network is connected
to Polkaswap and the technology behind this, and it's very cool. So why do I say that I think PSWAP
can be your next token to make you a millionaire? Because I compared this with the other
tokens for decentralized exchange. Uniswap: you could see a 10x on Uniswap, if you enter at
the end of december it was around $3 and right now even with the dip that we are experiencing it is
at 35 dollars. So this is more than 10x the price of Uniswap, and also it's ranked at 9th position,
so it's very very high in the total of coins. And if you check PancakeSwap now, you can see
a more exponential increase we were around 40/50 cents, I mean half of a dollar in January
and right now we are at 32 dollars, so this is what's very exponential, like 60x that you can be
making if you entered in PancakeSwap in January and that is only 3-4 months from now. So i am
expecting that Polkaswap and PSWAP will have a similar impact into decentralized exchange as
what happened with the decentralized exchange of Binance and Ethereum and that's why i think that
you have the opportunity if the bull run continues to make a minimum of 10x on this because
it will be also at a similar time that Polkaswap will be launching and everything will
be tested on Kusama.
So I think for June and July, maybe the end of May is a very great time to
enter into Polkadot and have some DOT tokens but also waiting for Polkaswap’s lunch. I think
that will be a game changer for decentralized exchange. So I think you can see 10, 20 or even
30 % x on your investment and if you move your cards correctly you can become a millionaire with
PSWAP, I really think so, you have an opportunity. This of course will depend if the market will
continue being bullish and we continue on the bull run that we have experienced, right now we are in
I think we are going to recover from this without major problems. I don't think the bull run
is over yet but if we are very bullish and we have a lot of hype in the environment I think by the
end of May-June or maybe July will be extremely profitable for the entire Polkadot ecosystem.
But mainly i think Polkaswap (PSWAP) will be exploding in price. That's all for this video guys
and if you have any doubts about the information, I know it was not very clear because a lot of
things about this are very new.
But you can write to me and I will be answering
everything that you need to know, but I think right now it's a good time to enter
and start getting PSWAP tokens. Before we leave, please like the video, subscribe to the channel
and click the bell to get the notifications. Remember the Giveaway, it’s very easy to
enter, the link is in the description. Also, if this is your first time here, welcome to the
team and I will see you in the next video! Bye!.