AMA with $HAPPY Bear Team

We had an AMA with $HAPPY Bear team on our telegram channel recently where the team was anwering all our community questions. The AMA consisted on 3 parts, Intro, Tech and Marketing.

Here you will have a recapp.

AJ: Hello guys, I’d like to welcome @elevatehumanity from $HAPPY team. Welcome and thank you for joining us.

Mattie:Hey all! Thank you for the invite.

AJ: ~ Can you please introduce yourself? What is your background? When did you start crypto and for how long you know the rest of team?

Mattie: I am the founder of Happy and Ponyo Impact. That is my background in regards to project development. I have been involved in crypto as a speculator since 2016. The rest of Happy team I’ve known for over a year. Ponyo will become ElevatePAD soon. Will be sure to return and expound on that.

AJ: ~ Is this your first project with the core team?

Mattie: The core dev and I created Ponyo Impact together. And members of Ponyo team have been assisting in the growth of Happy as well.

AJ: ~ Are you guys located in the same time zone?

Mattie: We are mostly US and UTC timezones.

AJ: ~ Are you guys privately doxxed to any company at the moment?

Mattie: I am doxxed in general. The rest of team is not. With v2 there will be an entire forward facing public team.

AJ: ~ How many people are part of the team right now?

Mattie: Sure, with v2 there will be about 15 people developing all the utilties.

AJ: wesome. Let’s talk about tech a little now.

~ Can you describe briefly Happy Bear? What’s the purpose and why did you decide to launch a project like Happy Bear?

Mattie: Idea for Happy Bear came as a contrarian response to general market sentiment two months ago. Wanted to create an entire ecosystem that provides competetitve high quality utilities that have an altruistic layer on top. Our MVP, Happy Swap is the first multi-charity DEX aggregator where users choose which charity their swap fee goes towards. .0035 flat swap fee where 66% goes to the cause of your choice and 33% buysback the $happy token. v2 will expand upon this ecosystem and provide numerous additional utilities for traders. Happy is designed for traders but creates narratives that will interest a wider audience. Crypto right now needs positive stories and that is what Happy has set out to do.

AJ: Great mindset! ~ How do you make the donations to Pediatric Cancer Research Foundation? I see you have donated $25,000 so far?

(Amazing cause btw)

Mattie:Automatically through our token tax, where 2% of all transactions goes to them with them 50 dollars equals 1 hour of research. So it has a direct impact, they operate with a 2.5–3m annual budget so our donations do make a change.

AJ: ~ What should we expect on V2, except what you mentioned above? Do we have any dates so far?

Mattie:We will secure our collaborative nft mint with one of the top crypto platforms this week. Once that date is announced we can expect v2 to occur in the following weeks

Happy v2 will be an all in one DEX app for traders and newcomers. Providing an easily accessible interface for all. If you refer to the deck you can see more details. Before v2 we willbe rewarding those who use our

swap.happybear.life

5% of v2 supply will be set aside for those who have used the swap to claim

AJ: I have been working with a DEX for a while, maybe I will introduce to them so we can have a collaboration together. We can talk about this after the AMA sir.

Mattie: Sounds good

We will be intergrating some of the tech of other platforms into ours to optimize our value

we also have some other partners that will be developing systems that will be powered by Happy.

AJ:

Last topic, and my favorite. Marketing!

I know you are a busy guy and it’s also Sunday but in crypto we have no days off haha

I had to stop you there!

~ How do you plan staying competitive in the market long term? What is your strategy for the product development?

Mattie: We have a lot of initiatives that we’ll be rolling out in with v2 to bring exposure and adoption

there is a reason we are starting with our NFT mint collaboration

their platform has 80m active users

There will be an ios and playstore app for happy as well. Its great to make a decentralized utilitiy platform over say a straight up ponzi

AJ: ~ Who are your partners at the moment? Do you have any new partnership coming up that you would like to share with us right now?

Mattie: We are partnered with Toshi, Teh Bag, z3 and Dwagon soon once their game is live. The three are tech based partnerships. We will be partnering with most buybots and others to become the official swap for their communities. Currently transactions with Happy Swap are faster than most competitors, uni, kiba, and sushi. We will be going live on Arbitrum any day. We’ll also partner and power some parts of ElevatePAD too

AJ: Everyone wants to know about your short-term Marketing Plans. Can you share with us your marketing strategy?

Mattie: We activated Teh Bag auto raid feature today, as well we will continue the marketing we’ve had so far. CT threads, shills, and alpha pushes. Whale power etc. Then once we have the NFT mint date well push those narratives. As well do a Brave Browser takeover around that time too.

We have a drawing competition currently and will have other community oriented contests.

Our biggest thing atm is /ADOPT_THE_SWAP

Try it out. If you like it, share it

We’ll be launching a competitive leaderboard this week as well

will have prizes for the top swappers etc.

Questions from the Community

Captain Monster: AI is hot topic in crypto now. Do you guys have a plan to adopt AI technology to Happy Bear?

Mattie: Yeah we have machine learning designers to help us integrate AI with TA for our perpetuals market that is in development for various signals.

Ahmad Shaaban: Who is our closest competitor now? Just to understand the type of products that you will release.

Mattie: Ultimately would be 1inch, but we utilize their API currently.

Joshua: So quick question from a scalability standpoint.

Almost every Swap/Dex protocols work on a non-tax model primarily because if they want to use their tech to scale where the access is available it makes it to Centralized exchanges as well. And in terms of reach and token volume that has worked the best.

Would you guys be opposed to launching HAPPY with a non-tax model and launch with exchanges?

Mattie: Of course, but we’re just starting. Whales have been funding most of our development so far. 2% tax only goes so far.

Django: As for the taxes, do you think a 2% buy and 2% sell being given to charities is a little too aggressive? I agree it’s for a beautiful cause, but most tokens in and of itself have a 2/2 tax system, where here it’s a lot more — could this be a big stop for potential investors that might want to come in but are not ready to given the tax barriers?

Mattie: I dont think that difference matters at this stage.

Crypto Andy: I want to know how does Happy Swap solve liquidity issues?

Mattie: It is not here to solve liquidity issues, but will have liqudiity incentive programs. Its an aggregator that finds the best price in all the pools available

Captain Monster: Cool. Another question, Why did you choose Arbitrum to launch Happy Bear?

Mattie: It’s on Ethereum mainnet. Swap will be multichain and crosschain

Swap will be on Arbitrum this week. We will have two partners that will help us with long term liquidity issues that will help people avoid impermanent loss through various bonds

For Happy LP and partner LP.