Gate.io AMA

14 min readNov 2, 2021

This week Collin had a great AMA session and now we want to share the script of it with you!

Host: “Hi everyone, we will be having AMA with Collin O’Brien from Rubic in 12 minutes”

Collin: “Hello everyone! Looking forward to talking with you all very soon!”

Host: “We will be opening the group up for questions for Colling at the end of the AMA, at which point you may ask him any questions you’d like”

Host: “Hello everyone, the AMA with Rubic will be starting now”

Host: “First, I would like to welcome Rubic Marketing manager Collin O’Brien. Collin, how are you doing today?”

Collin: “Hey Tom, I’m doing great, thank you for hosting me!”

Host: “Sure, it is our please, glad you could be here today”

Collin: “It’s a pleasure to be here to talk about Rubic with the Gate.io community! Please check out this video explaining Rubic as we kick things off: https://youtu.be/LA7rNQn_eVA”

Host: “We will give the community a minute to watch it…”

Host: “…I hope you all had a chance to review the video! Now to get started, Collin, could you explain to the community what Rubic is and what your goals are?”

Collin: “Absolutely! Rubic is a Decentralized Multi-Chain Exchange. Rubic offers a trading platform for users to swap their digital assets while always retaining control of their assets and always receiving the best rates on their swaps. We specialize in cross-chain swaps and DEX aggregation. Meaning, we offer users the ability to trade tokens across networks, in a very easy and intuitive way. Also, users who swap within a network, will be presented with multiple price options for their swaps, considering liquidity and gas fees. We view what we’re trying to do as something akin to what Amazon and Alibaba did for e-commerce. We’re consolidating DeFi into one easy-to-use platform to enable new users to join this new financial revolution. Our goal is to bridge every blockchain network together for a seamless transfer of value across networks. We plan to integrate all major AMMs across all networks and have everything be interoperable. Our goal is to become a household name, globally, when it comes to trading crypto.”

Host: “great, thanks for the overview Collin. Can you tell us who the founders are and the rest of the team?”

Collin: “Sure thing! Rubic was founded by Vladimir Tikhomirov and Alexandra Korneva in September 2020. They also created and worked on MyWish, another crypto project responsible for smart contract generation and token creation for networks like BSC, NEO and others. Vladimir Tikhomirov has a PhD in Computer Science and is an extremely talented and gifted programmer. Our team is comprised of experienced crypto developers, marketers and B2B development. We have over 20 members on our team, and we are adding new members monthly. We just hired two more team members to handle 24/7 technical and customer support.

We have a dedicated Business Development team as well. Our marketing team consists of about 6 people. Also, we have dedicated teams for Frontend and Backend programming. I think the best part about this team, is that everyone is fully bought-in to Vladimir’s vision for Rubic and we are all working very hard to see it through to fruition.”

Host: “Great, glad to hear about Vladimir’s skills and involvement, it is always an important factor for crypto projects”

Collin: “Agreed. It’s always a massive advantage when your founder is such an incredibly talented and smart person.”

Host: “with that said, can you touch on what problem you are solving?”

Collin: “Yeah, absolutely! We are aiming to solve the issue of interoperability. Currently, the process to trade an asset on one blockchain for an asset on another blockchain is extremely complicated. You need to use at least 3 different project platforms (DEX->Bridge->DEX), but you also need to own both source and target blockchain’s native coins, and during the entire process you are charged lots of fees and you waste a lot of time, and in crypto, minutes can be the difference between profits and losses. We remove all the hassle out of trading assets across blockchains. We handle everything on the backend so that the user experience is simple and intuitive. If you have a token, regardless of blockchain network, you can sell it for any other token you want on any other blockchain network. That would be what the user would select, and then we’d handle everything behind the scenes to make the swap happen. Investors in RBC will be able to stake their RBC tokens into our decentralized liquidity pools. Our liquidity pools are used to move value across blockchain networks by using smart contracts to lock & unlock tokens on different networks to send value across them efficiently (quick & cheap). Once staked into our decentralized liquidity pools, users will receive a proportional % of the overall fees collected for swaps across blockchain networks. We charge a 0.3% fee, that is collected in RBC during the cross-chain smart contract process. 0.25% is proportionally paid-out to all liquidity providers, while Rubic keeps 0.05% for operational costs.”

Host: “Got it. Can you now give some detail as to What is the purpose of the token? Does it have utility, is it a governance token?”

Collin: “I’d be happy to! The tokenomics are the backbone of a good crypto project. Unlike a lot of tokens in crypto, Rubic’s token RBC has critical utility and is paramount in the function of the platform itself. RBC acts as a vessel for transporting value from one network to another. We use RBC in our own custom smart contracts to move value across networks.
Token A -> RBC -> Lock RBC -> 0.3% fee in RBC -> Unlock Wrapped RBC -> Token B
That is the process for a multi-chain swap through Rubic. For users who are interested in earning passive income, the RBC token will be able to be staked natively in our Multi-Chain Liquidity Pools in Q4 2021. We’re currently awaiting finalization of 3rd party audits to ensure everything is safe and secure. When users stake their RBC in our liquidity pools, they will receive a proportional allocation of some of the fees. Rubic keeps 0.05%, while stakers receive 0.25%. Again, this is paid out proportionally to all stakers. The more multi-chain swap volume flowing through Rubic’s platform, the more passive income RBC holders will make. The upcoming multi-chain trading market is going to be over $1 Billion per day in volume in 2022, and we hope to capture a significant portion of that daily trade volume, i.e. a lot of passive income for RBC token holders. Beyond all of that, RBC does act as a Governance token. The total supply of RBC is 124 Million. The current circulating supply of RBC is 109 Million. Roughly 88% of tokens are in circulation. The team owns 10% of the tokens, so 12.4 Million RBC, and they are being slowly unlocked over time. Our tokenomics, in my opinion, are extremely attractive. Most of our tokens are in circulation and the team holds a small % compared to most projects. We see the future of RBC as being staked into our decentralized liquidity pools to facilitate cross-chain swaps. Again, liquidity providers will receive a proportional share of the fees incurred for cross-chain swaps. i.e. The more cross-chain swap volume flowing through our platform, the more passive income our token stakers will receive. We held a governance vote earlier this year to determine what blockchain network our users would like us to integrate, and they chose Fantom. Fantom integration is on our roadmap for November!”

Host: “Thanks Collin, actual utility of tokens is key for the long term success of projects, its good to hear that Rubic has that figured out”

Collin: “Indeed. We feel we offer the industry an excellent opportunity to share in our success with our tokenomic model.”

Host: “I invite the community to check out Rubic’s tokenomics as well! Collin, so what kind of fees does Rubic charge? how much does it cost to do on-chain or multi-chain swaps?”

Collin: “I’m glad you asked! Regarding fees, Rubic does not charge any fees for on-chain swaps. So, if you are swapping tokens only on a single blockchain network, Rubic will never charge you any fees for your transactions. We aggregate numerous AMMs to provide customers with options on their swaps. Whichever AMM their trade goes through; they will pay the associated fees with that AMM. The only time Rubic charges a fee is when processing a Multi-Chain Swap. The fee Rubic charges is an industry standard 0.3%. This is taken behind-the-scenes during the multi-chain swap process and is collected in RBC. To conduct a multi-chain swap though, a user will technically still be sourcing liquidity from an AMM on the source network, as well as an AMM on the target network. Rubic calculates all fees and preemptively charges customers in the source network’s native coin. So, if you’re starting on Ethereum, all fees will be in ETH. If you’re starting on Binance Smart Chain, all fees will be in BNB. The 0.3% fees are collected and accrued into our custom Multi-Chain Liquidity Pools, where they will be stored until they are distributed to our token stakers on a proportional basis. Users who stake tokens are receiving their share of 0.25%, while Rubic retains 0.05% for operational costs and development. With daily trading volume of all multi-chain swaps expected to breach $5 Billion by the end of 2022, we believe the ability to generate revenue from this model is massive.”

Host: “Awesome, thanks for that explanation Collin. Now I will open the group for questions from the audience. Collin, let’s give the community some time to ask their questions. Then you can select a few to answer in the group”

Collin: “Okay, sounds great!”

Host: “Ok, thanks everyone for your questions. Collin, would you like to select a few and answer?”

Collin: “Yeah! Lots of questions to look over!”

Question 1: “How many killer features of Your project that makes it ahead of its competitors? Could you tell us 2–3 features ?”

Collin: “We are already doing what other projects claim to want to do. We have a robust platform that is fully functional — rubic.exchange. Our unique and custom Multi-Chain Routing Protocol enables us to provide the fastest and cheapest cross-chain trading solution on the market. As we continually add more blockchain networks, we will expand our lead on our competition in the industry. It is my personal belief that the industry experiences trends and fads like any other industry. We have seen some trends this year already — animal tokens (DOGE, SHIBA, etc.) and well as the NFT craze taking off again. The one thing the industry hasn’t seen yet is the multi-chain trend. As more and more blockchain networks come online and value is being transferred to these new networks, there needs to be someone who can handle the movement of value across blockchain networks with relative ease. Rubic is positioned to take advantage of that trend by being the only project in the crypto industry that is doing token-for-token swaps across blockchain networks. And this isn’t 2, 6 or even 20 pairs like most of these “cross-chain” projects have. We have over 9,500 tokens, able to swap token-for-token, across multiple blockchain networks. Currently, we offer multi-chain swaps for Ethereum, Binance Smart Chain, Polygon and Avalanche networks. But we’re not stopping there We are adding Moonriver to our ecosystem in November, offering users instant swaps and multi-chain swaps for their network as well. Then in late November/early December, we’re adding the Fantom network to our ecosystem. Same thing. Instant swaps and multi-chain swaps. We are also aiming to incorporate the Harmony as well as Solana by the end of the year as well. And moving into Q1 and Q2 of 2022, we plan to add anywhere from 3 to 6 additional blockchain networks into our multi-chain ecosystem. The networks we’re open to adding are: Arbitrum, Cardano, Cosmos, Elrond, Enjin, Optimism, PulseChain, etc.

As for 3 things:

1) Multi-chain swap over 9,500 tokens — token-for-token across multiple networks. No additional bridging. No additional assets needed.

2) On-Chain price comparisons for swaps — we take into account network gas fees and liquidity from multiple AMMs (over 50 AMMs on Ethereum) to give users the best value for their swaps 100% of the time

3) Simple & easy-to-use UI — anyone can do it, both experienced and novice traders alike”

Question 2: “Regarding the safety and security of your platform what are the security measures adopted and have you done any audit of smart contracts?”

Collin: “We continually perform our own internal audits. The last 3rd party audit we received was earlier this year (Q1 2021), wherein they found zero vulnerabilities with the project and the website. We are currently in the process of having another 3rd party audit our platform again, as well as our newly created decentralized liquidity pools. When we receive the results of this audit, we will share them with our community. If there are any vulnerabilities, we will address them quickly and then submit for another audit. Only once we have fully passed our new audit, will we deploy our new decentralized liquidity pools. I have extreme confidence in our smart contracts. Our founder Vladimir Tikhomirov created a previous crypto project called MyWish. They are responsible for over 40% of the smart contracts on the BSC network, as well as a majority of the smart contracts on NEO and other networks. We haven’t had any security issues or concerns to date. We have contracted a very reputable auditor who has done work for multi-billion dollar crypto projects, and they will be thorough and extensive in the testing of the security of our smart contracts. I am very confident in our ability to pass these audits with flying colors and to deploy these smart contracts for our decentralized liquidity pools without any problems.”

Question 3: “What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!”

Collin: “We love our community. We are very receptive of feedback from them and we encourage our community to voice their opinions all the time. We have incorporated a number of suggestions and QoL tips from our community to help make the Rubic platform the best in the industry. We will continue this, as it is a part of Rubic’s company culture. You can join our community by heading over to our Telegram and following us on all our social media channels:

Telegram Announcement Channel: https://t.me/cryptorubic

Telegram Chat: https://t.me/cryptorubic_chat

Twitter: https://twitter.com/cryptorubic

Medium: https://cryptorubic.medium.com/

Discord: https://discord.com/invite/hayrHU2Tvh

Facebook: https://www.facebook.com/RubicDEX/

GitHub: https://github.com/Cryptorubic

You can buy RBC token on Gate.io, but you can also do it in the following ways:

🛒 How and where to buy 🟩 $RBC token👇🏽

Ethereum Network:

https://rubic.exchange/?fromChain=ETH&toChain=ETH&from=ETH&to=RBC

BSC Network:

https://rubic.exchange/?fromChain=BSC&toChain=BSC&from=BNB&to=BRBC

Polygon Network:

https://rubic.exchange/?fromChain=POLYGON&toChain=POLYGON&from=MATIC&to=RBC

🔗 ERC20 Contract Address: 0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3

(https://etherscan.io/address/0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3)🔗 BSC Contract Address: 0x8E3BCC334657560253B83f08331d85267316e08a

(https://bscscan.com/address/0x8E3BCC334657560253B83f08331d85267316e08a)🔗 Polygon Contract Address:

0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8 (https://polygonscan.com/token/0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8)”

Question 4: “Are there any benefit by holding your token, for example any reward or incentives? In what ways or how many ways is your project generating revenue? What is the revenue model? How can it benefit both the investor and the project itself?”

Collin: “Rubic charges 0.3% for all multi-chain swaps. 0.25% goes to liquidity providers (token stakers) 0.05% goes to Rubic for revenue. Our aim is to capture a substantial portion of cross-chain swaps in the coming months and years. By the end of next year, we anticipate the potential of upwards of $2 Billion monthly cross-chain swap volume on our platform. Collecting 0.05% in fees off of that is more than enough for revenue for our business model.”

Question 5: “CAN you explain the background of your team? How will you and your team carry out this project during this current pandemic????CAN you explain the background of your team? How will you and your team carry out this project during this current pandemic????”

Collin: “Our entire team is doxxed. You can view our team here: https://rubic.exchange/team

We have hit +98% of our roadmap goals to date, with the other ~2% being set aside to bring other items forward in development time. Our team is comprised of extremely intelligent and gifted programmers who work very long hours to bring the company vision to reality. We feel our Multi-Chain Routing Protocol is the most superior cross-chain method on the market. It is simple, easy-to-use, elegant, fast and cheap. We are positioning ourselves to be a first-mover leader in the field of multi-chain interoperability, which is fantastic, because the narrative in the industry is shifting to that of multi-chain interoperability. The pandemic has not hampered our ability to work in the office or remotely. We are an international team.”

Question 6: “I am a developer and am interested in earning as well as contributing to Rubic, Do you have any Bug Bounty to check for security vulnerabilities ?”

Collin: “We currently do not have any bug bounties available. We may offer bug bounties in the future, but not at this time. We are currently employing the services of some major Tier 1 auditing companies to audit our smart contracts for our decentralized liquidity pools. These same auditors have handled the audits for massive “Top 50” crypto projects. We’ll share more information in the future regarding the status of this audit, as well as any future plans for potential bug bounties.”

Collin: “🛒 How and where to buy 🟩 $RBC token👇🏽

Ethereum Network:

https://rubic.exchange/?fromChain=ETH&toChain=ETH&from=ETH&to=RBC

BSC Network:

https://rubic.exchange/?fromChain=BSC&toChain=BSC&from=BNB&to=BRBC

Polygon Network:

https://rubic.exchange/?fromChain=POLYGON&toChain=POLYGON&from=MATIC&to=RBC

🔗 ERC20 Contract Address: 0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3

(https://etherscan.io/address/0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3)🔗 BSC Contract Address: 0x8E3BCC334657560253B83f08331d85267316e08a

(https://bscscan.com/address/0x8E3BCC334657560253B83f08331d85267316e08a)🔗 Polygon Contract Address:

0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8 (https://polygonscan.com/token/0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8)”

Collin: “Here are links to all of our socials:

Telegram Announcement Channel: https://t.me/cryptorubic

Telegram Chat: https://t.me/cryptorubic_chat

Twitter: https://twitter.com/cryptorubic

Medium: https://cryptorubic.medium.com/

Discord: https://discord.com/invite/hayrHU2Tvh

Facebook: https://www.facebook.com/RubicDEX/

GitHub: https://github.com/Cryptorubic”

Collin: “Here is a copy of our Rubic Pitch Deck!”

Host: “Great, thank you very much Collin for all of the answers”

Collin: “Thank you for having me!”

Collin: “Please read our weekly updates here (https://cryptorubic.medium.com/).

🟩 Thank you community for your support, we really appreciate it! We are developers, not traders, and our main task now — implement the features in accordance with the updated roadmap.

Website: https://rubic.finance

Product: https://rubic.exchange

Subscribe and follow our news and stay up to date: Twitter (https://twitter.com/CryptoRubic) / Telegram (https://t.me/cryptorubic) / Medium (https://medium.com/@CryptoRubic/) / Discord

(https://discord.gg/xvfPJETsy4)Rubic Official Channels:

Turkish: @cryptorubic_turkish

Token Info

Name: Rubic

Symbol/Ticker: $RBC

Circ. Supply: ±109M. Total Supply: 124M

🔗 ERC20 Address: 0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3

(https://etherscan.io/address/0xA4EED63db85311E22dF4473f87CcfC3DaDCFA3E3)🔗 BSC Address: 0x8E3BCC334657560253B83f08331d85267316e08a

(https://bscscan.com/address/0x8E3BCC334657560253B83f08331d85267316e08a)🔗 Polygon Address:

0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8

(https://polygonscan.com/token/0xc3cffdaf8f3fdf07da6d5e3a89b8723d5e385ff8)Information: Chart Link (https://chartex.pro/?symbol=UNISWAP:RBC) / Coingecko

(https://www.coingecko.com/en/coins/rubic)Trade RBC: Uniswap (https://app.uniswap.org/#/swap?inputCurrency=0xa4eed63db85311e22df4473f87ccfc3dadcfa3e3), Probit (https://www.probit.com/app/exchange/RBC-USDT), Bilaxy (https://bilaxy.com/trade/RBC_ETH) ,Gate (https://www.gate.io/trade/RBC_USDT) or Pancake (https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8E3BCC334657560253B83f08331d85267316e08a). Gitbooks: docs.rubic.finance

Official Telegram Channel: https://t.me/cryptorubic_chat

💸 Official Price Talk: In the Discord (https://discord.gg/WBxqPnugvb) channel or @TradeRubic on Telegram

👥 Project Team:

- Vladimir Tikhomirov (Founder, @VLadimirTikhomirov)

- Alexandra Korneva (PR & Marketing, @korneva_a)

- Eugene Korol (Project Manager, @Eugene_Korol)

👥 Support Team: @Liamexx, @MeetDeadMan & @eobuhow

Please also see: https://rubic.exchange/team”

Host: “I invite the community to check out and follow Rubic on Social for future announcements”

Collin: “Thank you again, and for everyone in the Gate.io community, please feel free to join us over on our Telegram to keep up to date with our project. We have a fantastic community, and we do weekly updates. Every Friday I host a podcast on our Telegram channel where I recap our weekly developments and do a live AMA with our community. Again, it’s every Friday @ 8AM PST (3PM GMT) Users who participate by asking a question in our podcast enter for a chance to win $50 worth of BRBC every time.”

Host: “Thanks Collin, podcasts are always a great form to get a more direct feel of the project’s personality. With that said, the AMA session is now close. I will be opening up the group again for the community. Thank you everyone!”

Collin: “Thank you! Thank you everyone!”