Swych

Fireside Chats @everyone 🔥 <:blank:1110229353192751238> Hey everyone, in roughly one hour we will be hosting a Fireside Chat! Would love to see you all attend and be part of it ❤️ Fireside Chat: Chapter Seven September 27th at 2:00pm UTC (10:00 am EDT) https://discord.com/events/908073302868766731/1154112512766255154 All Fireside Chats will occur within our official Discord Stage Channel Thanks, everyone, and see you there! The Swych Team

# Testing Update Hey @everyone, we have some huge news and also need your help! As many of you know, we are undergoing internal and limited selection testing for Paper Trading. As we get closer to launch, we need to ensure all of our systems can handle the amount of traffic and trades on the platform; this means pushing our systems to the edge. **To achieve this, we are opening the testing platform to anyone that wants to join! ** Although the testing platform is open, we still ask you to follow the guidelines and rules outlined in our Paper Trading sections/FAQ. You can share pictures, videos, etc., and we encourage you to do so! However, we ask you to provide feedback and suggestions only in applicable areas so our development team can accurately and quickly respond. ## Increased Leverage Since launch, Swych's PDex has had leverage up to 30x; **as part of this update and open testing, the PDex leverage will increase to 100x. ** Note that you must enter anything above 30x as the slider has not been adjusted to account for leverage this high *(yet)*. Please also note that this is a test, and depening on the results, we may or may not increase leverage to 100x on final build. We want to see some Risky Paper Trades to test the platform further and for you all to have the option of up to 100x leverage. This will be one time we ask to increase your leverage (on paper trading only) to see how our systems react. For those not currently enrolled in testing and would like to be, please head to <#1123019295576821850> ; once you do so, this channel: <#1123084998686285834> will be visible. Thanks, everyone, and have some fun ❤️ The Swych Team

# Fireside Chats Recap and Progress Update <:blank:1110229353192751238> Thanks, @everyone, for coming to our most recent Fireside Chat yesterday, and apologize for the delay in getting this recap/progress update out. As always, we are looking to give everyone continuous updates. Thank you all for your continued trust and support, and we are beyond excited to bring out these fantastic utilities to you soon. ## Development <:blank:1110229353192751238> - We received a preliminary report from the team at FairyProof on the audit status. Thanks to their hard work and diligence, we could locate a few issues currently being resolved. The great news is that they should be manageable, but stay tuned for any updates. - With the recent news from FairyProof and the current uncertainty around the completion of the audit, we are looking at the **earliest** launch at the very end of September to early October. We will keep you updated as we get more information, and thank you all for your patience. - We expanded on the subsequent phases for Swych, how we will introduce unique NFTs that allow real utility, different traits and rewards, level-ups, and so much more. - Spent some time discussing Real Yield and how percentages can fluctuate depending on the amount of traffic/volume. Also, users should always invest what they can afford and understand that perpetual exchanges/advanced trading can be much more volatile. ## Marketing & Community <:blank:1110229353192751238> - As we get closer to the launch of everything, expect heavier marketing to follow suit. Since we wanted to ensure that our marketing efforts better coincided with launch timeframes, we held back some areas until influencers could have more firm timeframes. Now that we are getting that expect to see more content soon! - We are internally structuring a marketing budget and chain to be more effective and efficient in getting content posted and paid. - Our Swych Broadcasters have been vital in propelling content forward, and we are so happy with their results. The program continues to expand, adding more users who share Swych throughout the space. Please take part and help make Swych spread worldwide. ## Questions <:blank:1110229353192751238> ****Can we Auto-Stake Real yield to get more? -The Cafe Guy*** > There currently is not an auto-stake/reinvest implemented in real yield rewards. However, for those who want to reinvest your money into Swych, you can always do so (just manually). ***Any rough budget estimation allocation for marketing in the next 6-12 months? -Calorimetru*** > We always look at marketing in 1-3 month sprints rather than 6-12, meaning our budget today can vary. As we currently assess our needs, we have yet to set a budget. However, we can expect it to be significant enough to make a wave in the crypto space. ****Can Swych switch to a different pair? -abdiladifjejeey*** > Our current LP and funds are primarily in BNB, and this is because we are looking for the growth potential that can come from it. During the bear market, many funds from the protocol have decreased due to the price in BNB lowering, meaning conversion to USDC/USDT would realize a loss. Instead, we would look towards putting our funds to work, such as farming or on the PDex. That concludes this chat and progress update. Our next Fireside Chat will be Wednesday, the 27th, at 2:00 PM UTC (10:00 AM EST) in the Swych Stage (https://discord.com/events/908073302868766731/1154112512766255154). Expect to see more updates and progress alerts before this Fireside chat. Thanks, everyone! The Swych Team ❤️

Fireside Chats @everyone 🔥 <:blank:1110229353192751238> Hey everyone, we will be having another Fireside Chat tomorrow! We would love to see you all join for some updates in regards to audit progress, marketing, development and so much more! Fireside Chat: Chapter Six September 19th at 2:00pm UTC (10:00 am EDT) https://discord.com/events/908073302868766731/1152003155647791176 All Fireside Chats will occur within our official Discord Stage Channel Thanks, everyone, and see you there! The Swych Team

# Fireside Chats Recap and Progress Update 🔥 <:blank:1110229353192751238> Thanks, @everyone, for coming to our most recent Fireside Chat; as always, here is a recap of what was discussed and some progress updates regarding development. Thank you all for the continued feedback and support on everything Swych-related! ## Development <:blank:1110229353192751238> - Audit Progress, PDex, and Phase Two are all on the Horizon. We are in solid contact with the team at FairyProof to see if any issues arise that could delay the launch or if we are looking on track. We are looking to launch between the end of September and the start of October. There have not been any issues FairyProof has located so far, but since the audit is not complete, we don't want to put the cart before the horse. Keep an eye on announcements for a firm date or updates on the audit progress, but the original timeline of the End of September* seems plausible. - We are beyond grateful to all of the fantastic testers on our Paper Trading Platform, and we want to hype it up! If you want to participate, please head to Discord and select the <#1123019295576821850> section to be eligible for selection. The more active you are, the more likely you will get onboarded. If you have been waiting to participate, please ask a mod or team member to see if we can add you quickly. - NFTs are getting more exciting as we get closer, and we want to give a small amount of alpha. For starters, NFTs will have different unique designs, traits, and level-ups to provide real utility thanks to generated fees from the ecosystem. These functions will be clarified closer to the PDex/Phase Two launch. ## Marketing & Community <:blank:1110229353192751238> - A considerable part of any marketing is our community, and Swych Broadcasters has been incredible in getting our presence out there. This team of dedicated community boosters helps make tweets, likes content, upvotes posts, and so much more! Join today from the <#1148744426013864059> in our Discord and help us push Swych to success! We want to see what you love about Swych, so please share your PDex trades, excitement, posts, and more to spread the word. - Twitter is a huge market that we can tap into for Crypto. Because we know that making a good appearance is essential, we are working to make the Swych Twitter an "Orginization" to boost presence and brand awareness. Doing so gives us a "Gold Check" and helps promote our tweets. - Influencers are vital to sharing what we are building, so we are in contact with YouTubers, TikTokers, and other prominent figures on social media platforms. Are you someone who likes to make or share content? Please get in contact with us by making a partnership ticket! ## Questions <:blank:1110229353192751238> ***Are we focusing more on partners after phase 2? -The Cafe Guy*** > We are always looking to expand who we work with and what we are building. Once we launch our current products, expect to see us expand and connect with other crypto ventures to provide exciting new connections and utility. ***Can we suggest influencers? -Calorimetru*** > Of course, you can! We would love to connect with some incredible content creators, large and small. This space is all about building with each other, so please suggest someone or contact us if you are an influencer! ***What does real yield translate to? -A.N.*** > Unlike how we now reward users with minted tokens, Real Yield would allow investors to receive tokens such as BTC, ETH, or BNB (potentially USDT or USDC). Since these tokens are not minted, the yield you would receive depends on the fee generation from the platform. There's a ton of content in this message, and only so much we can fit into the text, so check out the recording. Our next Fireside Chat will be Tuesday, the 19th, at 2:00 PM UTC (10:00 AM EST) in the Swych Stage (https://discord.com/events/908073302868766731/1152003155647791176). Thanks, everyone! The Swych Team ❤️