Highlights from the EYWA AMA Session Part 1

The first potential unicorn of the ecosystem continues to grow, and EYWA CEO Boris Povar and CMO Nik Krasnoperov recently shared EYWA's achievements at the AMA Session. This post answers some important questions from that meeting

Who is EYWA created for?

Our primary focus is the B2B segment, business development. By solving the problems of specific DeFi and crypto projects that have their own audiences, we solve the problems of those audiences. We build a community based on that.

Main business model

There are 2 big areas: data protocol and liquidity protocol.

The data protocol transfers messages between blockchains. It will charge for each message, for each byte of transferred data. It will be a fixed payment, which is independent of the current value of the token and determined by market conditions.

The liquidity transfer protocol involves more ways to make money:
1. Commissions for cross-chain exchanges of both stablecoins and other assets.
2. Commissions for bridging tokens between networks.

And of course, we plan a dividend model. It implies that once in some period of time the accumulated part of the fees for exchange operations will be distributed among DAO holders.

Will there be an app or a separate EYWA wallet?

There are enough big wallet apps on the market right now: Trust Wallet, Metamask, etc. We don't see any point in developing our own wallet - we offer development by integrating our solution inside existing wallets.

Ecosystem of products

Right now, we are developing key products. There are several other services around them that also need to be developed and supported.

In the future we will stimulate the development of the ecosystem around key products through grants, hackathons, support, incubation projects. Many projects come to us at the seed and pre-seed stages, which means they are just starting to earn their first money. And we can grow them within our ecosystem.

These are far from all the important topics that were discussed at the AMA Session. We will publish the second part of the summary next week. Stay tuned for more updates!

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