KillSwitch AMA Summary Recap with Shin Chan Community
We held a live AMA with CEO, Chanon from KillSwitch on 24th October 09:00 PM (UTC+8). Here’s the recap for those who missed it.
Introduction
JH | ShinChan: Before the ama start, can you please introduce yourself and the team background?
Chanon: Sure. KillSwitch is a smart yield farming aggregator targeting to increase convenience and security for Binance Smart Chain yield farmers. Users are freely to unstake, withdraw Liquidity Position from their funds and sell their high risk coins instantly in one click.
We’re 1st winner from scb10x blockathon (THAILAND)
for me personally, i’m chanon yaklai
Ceo-co founder of killswitch.finance
JH | ShinChan: Is there anything you can share us the update/news from KillSwitch?
Chanon: Let me introduce my backgound a littlebit more
The name killswitch is obtained from a competition called SCB10x in the founder’s home country. The inspiration for the name is from withdraw, to convey that exiting must be quick as the risky defi platform was in the rise, we intend to create a tool to assist farming conveniently and securely helping users liquidate their position faster and easier.
I’m personally graduate from Chulalongkorn University with Master Degrees in Computer Engineering.
This is my publication paper from conf. https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=chanon+yaklai&btnG=#d=gs_qabs&u=%23p%3DwjiNdQte_GEJ
It’s about game data transfer on blockchain
Tomorrow we will be having a ILO (public sale) and KillSwitch Version2 launching at then end of this month.
Please be sure to follow us on twitter to catch the latest update: https://twitter.com/KillSwitch_Defi
ILO (Similar to IFO on pancakeswap) at foodcourt.finance
AMA Twitter Section Begins:
Q1: Can you briefly introduce yourself where did you get the project name from? What does that mean for you? And why did you choose this name for your project? What is your mission and vision to build this project? What do you want to achieve through your project in the future?
Chanon: The name killswitch is obtained from a competition called SCB10x in the founder’s home country. The inspiration for the name is from withdraw, to convey that exiting must be quick as the risky defi platform was in the rise, we intend to create a tool to assist farming conveniently and securely helping users liquidate their position faster and easier.
Q2: One of yield farming’s problems is the high complexity of products, but can you really tell us about how KillSwitch achieves agricultural simplification performance and reduces costs for users without compromising the normal operation of the product?
Chanon: We want to create better user experience therefore we combined 3 transactions into 1 step, increasing convenience for users along with equal gas fee with normal transactions. also we have 1st auto compound platform that can set slippage so users can guarantee that your fund amount will be received as platfrom have shown
Q3: You have guaranteed that,with the “KILL POSITION function,users can withdraw and sell the LP with a single click. But through my experience so far,this have not been very quick with other platforms. So how can you guarantee that the withdrawal will be quick?How does it work?
Chanon: In term of speed, I believe it is quite indifferent between any platform , however , we have a unique feature called “Mixture” which allows users to sell the token lp on KillSwitch Version2. Which you can try it now at app.killswitch.finance
Q4: Tell us a little about the role of your tokens and project within the entire ecosystem. Will it act as a simple payment currency on all your products? Or will its holders have some sort of benefit or vote in the project decisions?
Chanon: KillSwitch token is the governance token from KillSwitch which can be used in the following:
With 100$ value of KSW Token or 500 KSW
- users are allowed to use the Take Profit / Stop Loss / Limit LP order feature.
With 200$ value of KSW or 1,000 KSW
- users are allowed to use Limited Pool, lessen the transaction fee of the feature “Mixture Swap” from 0.1% to 0.05%
With 300$ value of KSW or 1,500 KSW
- users can lessen the transaction fee of “withdraw” from 0.2% to 0.1%
Q5: Can you tell us about the motivation and benefits for investors to keep the token in the long run????What plans do you have to help drive the demand and scarcity of the token share thanks?
Chanon: Benefits of the investor today, include discounts on the platform. In terms of the long term benefits include : staking ksw token in REI Chain, depositing in “locker” to receive airdrops as well as buy-selling NFT with our partner , KURURU.
Telegram Live AMA Begins:
Q6: How does KillSwitch Platform works ?
How will Auto Compound work?
PP Artt: KillSwitch is a smart yield farming aggregator targeting to increase convenience and security for Binance Smart Chain yield farmers. Users are freely to unstake, withdraw Liquidity Position from their funds and sell their high risk coins instantly in one click, You can have a go at → killswitch.finance 🙂
All the farmed tokens will be automatically converted to add into users’ positions every 24 hours or will be automatically reinvested when Guardian of the Galaxy takes action. This makes sure all yields are reinvested to further maximize user’s profit.
[Guardian of the Galaxy earn 0.3% of total reward.]
Q7: After I see a your great project I wanted to buy your token but I think the launchpad and whitelist is over so are there any way me to join?
Chanon: You can directly go to foodcourt.finance and use stables lp usdt <=> busd to buy ksw token tomorrow 20:00pm (gmt+7) there will be first come first serve, so it should be fair for anyone.
Q8: Which area are you focusing on at the moment? (DeFi, Stake,Dapps..Yield Farming,,NFTs,,Gameing) and what is your goals in this year ?
PP Artt: We are currently focused on the version 2 of killswitch which will be an ugrade version of the previous with additional features.
Q9: Users and Investors are Much Concerned With the Secuirty in the Platform , Can you tell Me How You have Planned to Make your Platform Secure , Is Smart Contracts Has Passed any Official Audits ?
PP Artt: We officially passed Inspex audit already. And we plan to have more audit certificate from famous auditors such as Certix.
Q10: Partners are very much Important, Who are the Current Partners of KillSwitch?
Egg KS: Right now we have been endorsed by polygon. Check it out at https://twitter.com/0xPolygonToday/status/1437649860321234944
Q11: If I buy your token, which exchange should I currently buy it on? And what wallets support your tokens?
Egg KS: you can purchase our tokens at https://foodcourt.finance/ and currently we only support metamask.
Q12: does KillSwitch have a guide feature on releasing turorials, withdrawing Liquidity Positions from users’ funds and converting dirt coins into altcoins to be precise and get high prices?
Egg KS: We have plans on releasing a vdo tutorial for easier understanding, so please keep a look out and follow our twitter at https://twitter.com/KillSwitch_Defi :)
Q13: We pay attention to how fast the industry is moving!
KillSwitch looks very promising, I think there are a lot of people here who would like to join KillSwitch and stay up to date with all the news and other developments. What’s the best way to stay in touch with KillSwitch?
Chanon: You can follow us on
.
tw: https://twitter.com/KillSwitch_Defi
tg: https://t.me/killswitch_global
Q14: When the token is released how can I make sure that there are no hidden vulnerabilities and no logical bugs in your smart contract?
Chanon: We’ve been audited by inspex.tech who has been audited alpaca,latteswap,waultswap
.
This is our full report https://app.inspex.co/library/killswitch
Q15: It’s good to know that you are also giving back to the community what you are receiving from them such as support and earnings. You recently had launched your Covid campaign by lending hands. May I know if this cause is regular, or is it just now? Thanks.
Egg KS: We give back to the community at every opportunity we can help. This one is just our first but we promise that we love to contribute as much as we can. You can even be a part of the cause so keep updated through our Twitter (https://twitter.com/KillSwitch_Defi)or Telegram (https://t.me/killswitch_global) group.
Q16: Can you explain how your Tokenomics Distribution is? How many tokens will be printed? And How many tokens will the team lock? and how can i get Killswitch tokens? and where can i buy it?
PP Artt: Total max supply would be 200,000,000 ksw. Team and founder will lock for 35%. Apart from that ,34% will distribute through our KillSwitch platform within 3 years. And if you would like to purchase KSW token, you can visit https://foodcourt.finance/ on 25th Oct after 8PM.
Q17: Could you please tell me KillSwitch long-term goals and vision? What are the goals that KillSwitch, will focus on developing this year?
Egg KS: Our Vision is to become the №1 trusted Smart Yield Farming Aggregator. With a mission to increase convenience and security for yield farmers with three core values offered which are Security , Convenience and Accountability.
Q18: Is $KSW token listed on a DEX or centralized exchange? Are DEXs your priority for listing or will your token be listed on global centralized exchanges soon?
PP Artt: At the initial launch, we will list our $KSW tioken on https://foodcourt.finance/ and https://pancakeswap.finance/ which you can buy and swap there. And later , we will list more on other global DEXs and CEXs.
Q19: You launched 4 products in the first 4 months of your establishment. Have you had difficulties with your development team and project progress after this period? You announced important partnerships in September and October. Will there be new developments and new products for the future?
Chanon: Currently we have 3 products
.
northbridge.link
.
app.killswitch.finance
.
Rei chain by killswitch
.
We’ve also close working with
.
Foodcourt.finance
.
kururu.finance
-END-
