Hey everyone! Just 1 hour until the snapshot for ESH token holders to receive GHOST! Make sure you are holding your ESH in a wallet you control, or a supporting exchange!
We chose some questions from the submissions and I will answer those below.
We will be doing a live AMA now in the group, so feel free to ask questions! I will be tipping plenty as well :)
Here we go!
@Rubenl57 — Can you tell as more about the Fiat Gateways feature that you will be doing alongside with Verisafe technology thanks to the acquisition? When should we expect it to become a reality within this year’s roadmap deadlines?
We will be integrating with some third parties soon to open up fiat gateways to our users. You will be able to buy crypto with debit cards, your bank account, or Apple Pay. We will post more info soon, but expect it in June!
@ttbqb3st- What is the relation between GHOST and ESH?Which token is more important? Why?
GHOST is a privacy currency coin that enables you to do real time private payments. ESH token is closer to equity. ESH holders get 50% of all fees generated from Switch, SwitchDex and the rest of our products.
@Magellan27- #ama there is gonna be a good amount of ghost erc20 tokens left on exchanges at the time of the airdrop, what are you gonna do with the leftovers?
Any GHOST ERC20 left on unsupported exchanges will roll over into the GHOST development fund and will be used for development, marketing, exchange listings, etc.
@auristela27 — Can you tell us the motivation and benefits for investors to hold the ESH for long term?
It seems like a lot of people are confused about the purpose of ESH. 100% of all fees from all of our products are airdropped to our token holders. ESH token holders get 50% of all these fees. From our swap network, out dex network, and soon our gaming wing.
@dustyllanos — According to Sir Josh Case, there will be fiat gateways, gambling, NFT marketplace, a DAO and Many More. Now, How Is this Possible? Are You Becoming a DAPPs Ecosystem Now?
Yes we are evolving into a full ecosystem giving the ability to do a variety of interactions and transactions all while retaining your privacy.
@Nickkiii — What are your major goals to achieve in the next 3–4 years? Where can we see SWITCH in this period? What are your plans to expand and gain more adoption? #ama
We plan to enable user to do every interaction available within crypto currency all while retaining control and privacy of your transactions. Trading, shopping, lending, gaming, voting, and more will all be coming to the Switch ecosystem.
@ridhataq — People always prefer clean and easily understandable platform, whereas SwitchDex is still kinda clunky and confusing, especially for first time user. Are there any plans to change the interface and make it simpler or is Switch only meant to be used by more experienced traders (which of course it means gonna be harder for Switch to attract more new traders, since experienced traders usually already have their own preferable DEX and highly unlikely to switch *pun intended* to another DEX)
SwitchDex is currently in beta, and while we do have a long ways to go, we have had amazing results this month doing many millions in trades. We do have a brand new dex with a fully new UI launching in June that will be easier from a user perspective. We will release dates and more info soon!
@RejectedGhost — There are lot of crypto currencies today but only few are accepted by some businesses. It is clear that a lot of businesses may like to do private transactions other than traceable ones. Does #Ghost has a plan to become the future currency for businesses aside providing private transactions for individuals?
We do have a lot of merchant and vendor options coming to GHOST that will make it very easy and useful to use GHOST in online commerce.
@FreshBanana — #AMA My Question. I want to find out if assuming one of your Dex or portal is affected by a hack, will all the Dex be affected also and also will it have a great impact on the whole network infrastructure?
Our DEX is an audited smart contract running on Ethereum and the portals you interact with are just static websites that display information from the contract. There are no servers, and nothing to hack on our portals.
That’s all for now! Join our Telegram RIGHT NOW for a live ama!