End Of Q1 Community AMA on X Spaces (Recap)
On Sunday March 31st, the Palmswap team had an end of Q1 AMA on X Spaces, hosted and led by our CPO. Below you’ll find a summary of key points and topics mentioned during that session:
-We have been working a lot the last 2 months and we have a very big update coming along, but we still need around a couple of weeks more to have everything ready and announce it.
-Today’s AMA is to reconnect with the community, to let everyone know that we are working behind the scenes. A lot of big changes and new and exciting opportunities are being cooked.
-Quick overview: we built a phenomenal product, we managed to get a good amount of traders on our platform. The base is here. It’s important to prepare clearly the next steps as we enter the bullrun.
-Features: A lot of features are planned to be released. Once you see what we will announce in a couple of weeks, you will understand why it has been a bit quiet lately.
-At the beginning of January, a VC fund from Abu Dhabi introduced many valuable contacts to us and we discussed the structure of our business model, together with a whole roadmap moving forward to the upcoming bullrun.
-The project on its current state is massively undervalued, there is a lot of room for growth. The VC from Abu Dhabi saw it the same way and that’s why they have decided to accelerate the process.
-In around a couple of weeks, once everything is ready, we will share all that has been worked on with their help.
-New chain: Palmswap will be launched as well on a new chain, all has been prepared already in the background and we have a lot of features and new trading products that are going to come.
-New USPs: A lot is coming and it’s planned for Q2. We have been working on creating new USPs (Unique Selling Points) for the project as now there are perp DEXes everywhere and this is a real challenge.
-Refund: Thank you for your patience regarding the pending refund. We will announce how this is going to be executed when we announce the big update in a week or two.
-Once you see what we have been working on and the whole roadmap you are going to love it.
-LP: We are going to adjust a bit the LP model on the platform, that’s why you have seen a decrease on liquidity so far, we will share more details as well once we bring out the final announcement.
-Marketing: it will be rolled out in Q2. Depending on how fast we get everything done maybe the marketing kick-off can be at the end of April or beginning of May.
-We have been preparing a lot for that in the background. It’s not that you pay a KOL to do some Xs, we are structurating everything as a whole marketing campaign. Bernd met a great marketer in Tokyo in January and they had long discussions about everything.
-The team has been working really hard and always solution oriented. With the product that we have planned to launch full out in Q2 and Q3, we definitely can set some innovation and we will manage to get more users for the platform and the project as a whole.
-Trading competitions: We are constantly analyzing how other platforms are doing their competitions. Trading competitions are always a great way to attract users and a great way of marketing. It will be a lot better to do it with partners. We have a lot of partnerships that are going to come.
Other competitions: We are planning a lot of things and yes, we will have a lot of competitions aside the trading competitions to reward the community for being active and supporting the project.
We thank everyone for joining us on this amazing journey so far. Please stay tuned for upcoming announcements as we move into better and greater times.
As always, please beware of scammers pretending to be part of the team, staff members will never reach out to you first, EVER.
The Palmswap team.
