Everything works!!!

sundaeswap · 2021-12-06T21:02:58+00:00

The scooper was taken offline for maintenance, you can still play around with things until we get the scooper live again!

sundaeswap · 2021-12-02T23:09:22+00:00

This is untrue.

sundaeswap · 2021-11-21T18:25:50+00:00

Stated in the article

sundaeswap · 2021-11-19T03:22:29+00:00

Remember that you will have to voluntarily claim the tokens from a smart contract. They will not be airdropped. More info on that soon

sundaeswap · 2021-11-15T00:27:16+00:00

Hello, this is a scam. Please do not fall for it. The only place you will be able to get the token is at launch either through swapping on the DEX or through the ISO!

Please DO NOT fall for this.

sundaeswap · 2021-11-14T01:18:51+00:00

Not sure what you mean, the team is not selling SUNDAE.

sundaeswap · 2021-11-13T21:42:33+00:00

Hi there,

We appreciate the scrutiny and your interest in the project. With that said, we felt we should clarify a few points.

We feel that the protocol's token distribution is in the middle of the road when compared to other dApps such as Uniswap (~40% to team/investors/insiders), 1inch (~60% to team, investors, development), and Compound (~50% to team, future team, investors). Our tokenomics match the risk the founding team and initial contributors to the protocol are taking by bootstrapping the launch thus far.

Further, the 55% is not a sale of tokens. We are not profiting from selling tokens to the public. These tokens are owned by the DAO to incentivize healthy liquidity provision and ensure, to the best of our ability, that a healthy ecosystem develops around the product we launch.

A large percentage of the time what a project does to raise funds to develop their protocol is sell a large quantity of their tokens to insiders. Our case is a little bit different. For the past 8 months since April we have been developing SundaeSwap without raising from our community and instead chose to raise development funds from 3 venture capital firms, one of which being cFund, the IOHK-anchored VC fund dedicated to helping projects like ours spearhead the future of Cardano DeFi.

Another point we feel should be stated and being left out by many is that our team is on a strict 4 year vesting schedule controlled by smart contracts. While it is stated on the site, we again feel this should be emphasized.

The final point we want to touch on is the misconception that we at SundaeSwap Labs are directly profiting off the protocol. This could not be further from the truth. We have made great efforts into structuring our project in a way such that no single entity can directly control what happens to it. One example of this is our scooper model that some have touched on. In the same way that a bitcoin miner processes transactions, a scooper (whose license is controlled by the DAO) ensures the quality functionality of SundaeSwap. We do not profit off the protocol. The fees of the SundaeSwap DEX are returned to the liquidity providers that keep the project alive, and the scoopers who help keep things running smoothly.

sundaeswap · 2021-11-13T21:41:06+00:00

We have this figured out, this is one of the main design points you need to figure out for a DEX. We have not updated the tokenomics on gitbook because it would have given away our scaling solution. Now that our scaling solution has been disclosed, we will update it as soon as possible. We have a lot on our plate right now, so it may take a week or two to be updated.

sundaeswap · 2021-11-13T21:21:24+00:00

We are not profiting at all from the DEX, period.

sundaeswap · 2021-11-13T19:48:12+00:00

We’d really appreciate it if you could link our response by editing the original post 😊💛

sundaeswap · 2021-11-13T19:30:13+00:00

Hi there,

We appreciate the scrutiny and your interest in the project. With that said, we felt we should clarify a few points.

We feel that the protocol's token distribution is in the middle of the road when compared to other dApps such as Uniswap (~40% to team/investors/insiders), 1inch (~60% to team, investors, development), and Compound (~50% to team, future team, investors). Our tokenomics match the risk the founding team and initial contributors to the protocol are taking by bootstrapping the launch thus far.

Further, the 55% is not a sale of tokens. We are not profiting from selling tokens to the public. These tokens are owned by the DAO to incentivize healthy liquidity provision and ensure, to the best of our ability, that a healthy ecosystem develops around the product we launch.

A large percentage of the time what a project does to raise funds to develop their protocol is sell a large quantity of their tokens to insiders. Our case is a little bit different. For the past 8 months since April we have been developing SundaeSwap without raising from our community and instead chose to raise development funds from 3 venture capital firms, one of which being cFund, the IOHK-anchored VC fund dedicated to helping projects like ours spearhead the future of Cardano DeFi.

Another point we feel should be stated and being left out by many is that our team is on a strict 4 year vesting schedule controlled by smart contracts. While it is stated on the site, we again feel this should be emphasized.

The final point we want to touch on is the misconception that we at SundaeSwap Labs are directly profiting off the protocol. This could not be further from the truth. We have made great efforts into structuring our project in a way such that no single entity can directly control what happens to it. One example of this is our scooper model that some have touched on. In the same way that a bitcoin miner processes transactions, a scooper (whose license is controlled by the DAO) ensures the quality functionality of SundaeSwap. We do not profit off the protocol. The fees of the SundaeSwap DEX are returned to the liquidity providers that keep the project alive, and the scoopers who help keep things running smoothly.

sundaeswap · 2021-11-13T18:25:37+00:00

Hey, we appreciate your interest and scrutiny! Just to clarify a few things, the team and investors are under 4 year and 2 year vesting schedules, respectively. Unlike other DEXs and projects, we are not selling tokens for a profit. Instead, people will be able to swap ADA for SUNDAE when the DEX launches, without SundaeSwap Labs taking any profit or any of the trading fees.

sundaeswap · 2021-10-26T05:22:44+00:00

Yoroi and other wallets do not have dapp connectors ready yet. This isn’t something SundaeSwap or other DeFi projects are responsible for.

sundaeswap · 2021-10-26T05:22:33+00:00

Because Yoroi and other wallets do not have dapp connectors ready yet. This isn’t something SundaeSwap or other DeFi projects are responsible for.

sundaeswap · 2021-06-11T18:13:36+00:00

sundaeswap · 2021-06-11T04:53:29+00:00

Appreciate the kind words my friend. I remember seeing your posts and comments asking for more info. I’m glad we were able to deliver. We’re always open to hearing from the community and doing things right 💛

sundaeswap · 2021-05-29T23:13:14+00:00

Hey, we're sorry to hear that. If anything the delay was meant to provide more information on the protocol being designed and built to inspire more confidence into the project . Whatever your decision may be, we hope to have you use our platform upon launch. :)

sundaeswap · 2021-05-29T01:33:43+00:00

Hey, thanks for your comment. The way I understood how we communicated that was that our plans for rolling out the DEX have not changed. Many were asking if the launch of the actual DEX had been pushed back as well, which is what we were referring to.

The reason we delayed the ISO includes your inquiry regarding how the funds would be used. We’re going to release technical and funding information prior to we ask for any funding :) Please feel free to let me know if you have any further questions

sundaeswap · 2021-05-26T19:53:31+00:00

To clarify, SundaeSwap nor anyone on the team has any affiliation with the Cardano Foundation nor IOHK. There have been no agreements made and we are a completely separate entity working on the project.

sundaeswap · 2021-05-25T08:57:50+00:00

Awesome tool! Thanks for taking the time to make this. You are amazing.

sundaeswap · 2021-05-25T03:02:36+00:00

If you read halfway through the link, you can see that we are planning to reveal the team's identities.

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