The Future will never be the same- Futureswap
The time has come for my first token review. I am not only excited to share my findings and opinions with all of you, but I am even more excited to share with you how committed I am. Read the whole review if you wanna have a good time. Let me start off first by saying this is not financial advice. I am just some guy on the internet. I can tell you that I am experienced, I can tell you I am not new to hunting gems- or to the crypto industry, I can tell you I am probably clinically crazy- this will make sense by the end. But at the end of the day, take anything you see on the internet with a grain of salt. Not to discredit myself. But my goal here is to share my DD, and hope that you go off to do some of your own.
What is Futureswap?
Stolen from their medium — “Futureswap is a decentralized exchange that allows traders to enter into perpetual futures with up to 10x leverage while liquidity providers can earn fees and interest. The platform is governed by the community, which is powered by an underlying governance (FST) token that allows anyone to propose new exchanges or changes in the system.” Confused ? Don’t be. In essence future swap is a Defi Leverage trading platform. Where the traders and LP’s are rewarded for being on the platform. There have been a few changes/updates since alpha. but we can go more into that later. I should mention that the V3 platform is coming, and when it does, again, strap in and hold on tight.
Team-
If you want to know more about the team, I would highly recommend you join their discord and do some reading through threads. The team consists of Derek, Jonas, Bob, Benji, Ben- discord names of course. What I can tell you from my time in the discord- Man this team is a rockstar team. This team gets me more hype than if I took 3 Bang energies, chugged them, went for a run, came back did pushups, and then made 20x profits on a leverage trade. It is by far one of the most responsive, intelligent, caring, and all around genuine team that I have ever encountered in my many years in crypto. When I do my intense DD, I put a lot of focus on the team and how they communicate. There are so many projects out there, that lack the communication and community support, that really helps the project reach the moon. Not only are these guys practically genius’s. But their care for the project and community over raising as much money as they can, is what gives me the majority of my hype for this project. I honestly couldn't ask for a better team. I haven't found ONE, not even ONEEE thing they have done, that I wish they would have done differently, or better. Which honestly I don't get to say very often. I could go on about this team for 3 more paragraphs. But I will let you go learn what I have.
Investors-
I won’t go into too much detail here. As you can go take a look for yourself. What I can tell you is there are some VERY dank names behind them. Names including Framework and 3ArrowsCapitol. If you don’t know those names you should. Their full list of investors hasn't been announced, but I am guessing the full list will be posted when the V3 platform launches. I don’t have much more info on this, as I am restricted to discovering what is available on the internet. Sometimes you just have to do some major digging. But I am guessing the list is a bit bigger than the ones I have found. I personally would pay money to see Su Zhu and Changpeng Zhao go head to head in the ring. I got my money on Su Zhu every time. 3ac and framework, are hardly ever wrong. and they haven't every frozen withdraws because “we had a lot more traffic than expected”
How does it work?
Currently the only trading pair is ETH/USDC. You deposit USDC, and use that to place trades. A nice feature too is that gas fees and trade fees(after depositing) is paid for from your usdc balance. Just make sure you leave enough USDC to be able to pay to close a trade. I made that mistake once. Was a rush. Futureswap works by rewarding the LP and and traders of the platform, with a daily reward of tokens that are split. I believe its 35% to LPs and and 65% to the traders. Currently the daily rewards of fst is 15,000 per day. So that's 5250fst that gets distributed to LPs based on their ratio of the pool. And 9750fst goes to traders- based on their trade volume ratio of the daily volume. Which it is important to know, your daily volume is based on your total leveraged closed trades. TDLR. If there was 30m in trade volume, And you made 3m in leveraged trades in that 24 hour period, you have done 10% of total volume. 1*9750= 975 fst. LPs if you had 10% of the pool you would earn. 1*5250. If I understand it correctly- all trade fees go back to the liquidity providers, along with liqudations. I believe that all LP rewards are based on the epoch though. It used to be weekly, but that was lowered to daily.
Which brings me to my next favorite part of FST. The way that things are changed- like lowering the daily reward from 40k to 15k- is governed 100% by the token holders. Which really speaks true to being a DEFI platform. I will tell you right now, I am not some technical crypto wizard nerd, I can just comprehend the technical faster than most. So don’t mind me if anything I say sounds like a pleb. I don't mean to. I really suggest you look into the platform your self and take a look at the whitepaper if you want to get into the deep specifics.
Benefit to traders= you can earn tokens based off your trades. Which is a nice incentive for whales, and once gas is solved, retail traders as well. If you are good at trading- you basically get free tokens- if your trade covers the spread of fees you paid. But even if you close a trade in the red, you will still earn tokens daily. Thus paying for some of your losses in a sense. I can tell you that those centralized platforms all you traders you, are not giving you shit for losing trades. This is the beauty of Futureswap, and what sets it apart from other derivative platforms Ihave seen.
Benefit to LP’s= you earn passive income while letting the traders do their thing. You not only earn from daily rewards, but from trading fees/liquidations as well. There is also a bonus 40k fst being distributed over the next month or so, for providers of the unipool liquidity.
Token metrics-
You can find this in more detail in the whitepaper. But currently
Circulating supply — 3,000,000 or somewhere north of there
Total supply- 100,000,000
9 years before all the tokens are minted (I believe I'm pretty close with that number)
Take a look at the white paper- for more info on the distribution table for team, investors, etc.
Using the platform-
So lets be honest. Right now Eth is slow and expensive af. And sadly that is no different with Futureswap. The point at the start was to be able to reward whale traders. Yes it was/is a lot harder to turn a profit, and earning FST for small traders. But that will all change with L2 is launched. Which I am pleased to say, that is the teams #1 priority right now- another reason I love them. They are so focused on making the platform better. Right now the gas fees to open and close a trade are a bit tough to deal with if you are making very small trades. But hey, if you are a solid trader/TA person, and crush trades, then gas fees don't matter if you make enough profit to pay for the gas and open/close fees. At that point you'll just be getting free tokens. Who doesn't like free tokens ?? I will say be cautious with going and making small trades if you want to give it a shot. Your earned token cost will be a bit higher if so. There are a few caveats too with the platform. Because L1 is so slow, you will notice the time between when you open and can close a trade is about 5–7 minutes. Which can be quite the rush not gonna lie. But this should get reduced with L2 integration. I wish I had a video as an example of what I meant, but sadly I never took one when I was farming. I will say though, once layer2 is upgraded, and Eth gets updates of its own to really bring down gas fees- What I can promise you is this project is going to be on a Mars mission. If you want to be on Mars in your CyberTruck- tri motor of course. Then this is the project to get involved in asap. What people fail to comprehend sometimes, yes gas sucks ass right now. BUT the minute that is fixed, strap the fuck in, because there will be so much volume flowing in to any and all DEFI derivatives platforms, it will make you wish you were leverage trading in the early stages of Futreswap instead of playing blackjack. — blackjack doesn’t give you free tokens for losing hands. just coupons to overpriced buffets. FST= wagyu steak.
Token utility-
As of yet, it has not been voted on, what utility the token will serve. The community speculates that it will provide a discount on placing/closing trades. But this has yet to be determined. Which if holding fst lowers trading fees, that will only drive the demand/value up for FST.
Gem rating- 12/10
If you can’t already tell. I am huge fanboy of this project. But I am not here to shill you or cause fomo, if that is how it comes off, know that is not my intent. This is just how I write. and when I am this excited about something, this is just how I talk about it. In the day-and-ages where shit fuck atomic turtle coins are coming out every 6 hours, it takes a lot more time and effort to find gems like this. I can promise you this isn’t just another garbage meme coin. If that is your investment strategy, I wish you the best. But that just ain’t for me. Have I done quick flips ? yes. Have I been burned. Yes. The only difference is they were all projects with real sustenance. And sometimes it just don't work out- or there were more awesome projects coming up. But do you want a big brain thought ? You can’t get burned if you never sell. Take it from someone who knew about $LINK and $THETA when they were sub 100m projects, and decided to not HODL. Those scarred me for life, and made me reevaluate what I think of as “investing”. Until you are a whale status, You can’t really be happy with making 20–30% and getting out. What you have to realize most of those whales didn't become whales because they got into a new project, and 2 months later took their 20% and ran. Most whales- at least the ones I know- got into some real fuckin gem,. they hodled hard af, and pulled 100x’s. After that, they then started to be more okay with smaller gains. And now they find gems in seed rounds and at launch are making ungodly returns. But thankfully now- unlike 2015–17 ico wild west. Token vesting and unlock schedules basically a given. So Seed whales cant #Rek everyone else.
What you internet degens gotta understand, is that DEFI derivative platforms are going to be so incredibly huge, I don't even think I myself can fully comprehend it. The amount of volume that is going to come into these platforms is going to blow us all away. Right now exchanges like bybit doing 14b a day in volume. Right now FST has a mcap of 30–40m or so and a fcap of 900m-1b or so- just estimating without looking. What do you think is gonna happen when platforms like Futureswap have 5b+ volume a day? Currently in the mainly centralized derivatives world we live in is restricting so much of the market. When Eth gas is fixed, the literal flood gates will open on platforms like this. When all the retail traders say #FuckBinance and go onto a defi platform like Futureswap, and earn for trading or LPing. I like to give the analogy- the crypto industry right now is in the Dial up internet stage. Defi is Fiber internet. All we need now is for the dialup backbone of crypto to be upgraded with Fiber routers and infrastructure. At that point we will be headed in a direction that none of us dreamed of a few years ago. I am so extremely bullish on DeFi derivatives platforms. Competitors of Futureswap I’m bullish on as well. Even the current leader- which I wont name exactly so I don't take away the spotlight of Futureswap. Scam-inance is an investor. #DERP. Great project yes, but maybe I’m just salty because of who invested in them. Still a good project and bullish though. But Futureswap is by far one of my top 5 Gems right now. Possibly #1. Very seldom, do you find a project of this caliber, with an allstar team, backed by Top Tier investors. Other industries like NFT’s, I am also bullish on. But I have a feeling in my core, that the Derivatives industry is going to explode so hard. So much so, that I think platforms like Futureswap, will be able to make it through the next inevitable Bear-run that we will eventually have. People don't stop trading when the market is down. Ironically, a lot of traders prefer the bear market more, as one tweet from elon isn’t reking their trades they made on TA. Nothing like a tweet from Snoop dog, or elon, to make your MacD and RSI indicators look completely worthless.
Bonus round
You may be saying to yourself. Wow this guy really wants to just shill and fomo. And again, I am sorry if I come off that way. You gotta have some fun. It is crypto, so I wouldn't be a true CryptoNerd without some form of semi trolling. But on the real real. I truly believe in this project, and am committed to proving that to any one of you reading this. So I have come up with the concept of reviewing the GEMS that I truly believe in, and will be supporting/HODLing for a LONGGG time. And to prove that my plan is to not only review the GEMS that I have my full faith in, but to get a tattoo on my body, to prove to myself, and the community, that I don’t play no games. Not that I have anything to prove, because I do this for me. And yes maybe I need to see a therapist. But I have always viewed tattoos as something that mean something to you. Not just a horse with octopus legs cause it “looks cool”. So although my GEM sleeve will continue to grow. Futureswap, will for ever and always be the first to the party. Or should I say skin ?
Here I am looking at the horizon of Mars in 10 years, thanks to Futureswap. And yes the picture is photoshopped. The tattoo is not. It is 100%, and felt 100% , VERY real.
Do you know what the money printer and tattoo gun have in common? they both go brrrrrrrrrrr.
From the top of that last green candle
-BuyHighGUY
For those of you FSTnerds, or anyone else reading this. Think my sacrifice/ reviews are worth donating to. Here is my addy. But that isnt what is important to me. I promise I will never sell. #UpOnly.
FST preferred- of course.
0xa9A7c7f3ccccEAE3908043444B9eF23B568a287d
Follow me on twitter @BuyHighGuy710
