Introduction to Kucoin Community Chain
DeFi and yield farming have attracted an enormous amount of liquidity across blockchains like Ethereum, Binance Smart Chain, and Polygon. Strong communities with loyal token holders seek the best yield on their assets, and new yield farms are born to help launch emergent DeFi projects. This has existed in DeFi since summer, 2020, and is known as the ‘Fair Launch.’ The new project team does not allocate any tokens to themselves and all of the emissions are earmarked for yield farmers who risk their capital by staking an asset in a smart contract.
We are currently witnessing the birth of a new blockchain ecosystem, the Kucoin Community Chain, which seems to be about 90% rug pulls, scams, and meme coins. However, there is an expectation KCC will grow as bridges to Ethereum, BSC, Fantom, and Polygon are built, and once stablecoins enter the chain.
It’s clear there is potential on Kucoin Community Chain because it allows new projects and founders develop communities and code, but there is rampant skepticism, tribalism, and FUD across the various influential Telegram groups.
LAMBO - A New KCC Fair Launch Project Founder
I reached out to “Lambo,” one of the ‘good guy’ anonymous project founders and sole developer of the $LAMBO Farm project (https://lambofarm.xyz/). Lambo is a wise and thoughtful developer who wants to create genuine partnerships with other devs and projects, and has kept his word on shipping excellent product features. He truly cares about the success of the KCC ecosystem, and has offered a critique that should be read by everyone.
I’d encourage other projects developing on Kucoin Community Chain, as well as the Kucoin staff, to listen to this constructive feedback as we try to create a welcoming ecosystem. High quality, collaborative projects like $LAMBO will help attract liquidity and creativity that lead to the proliferation of Kucoin Community Chain.
Adam: Tell us a little about yourself! What did you do pre-DeFi and how did you find your way into the ecosystem?
Lambo: I was just a simple dev, coding C and Python in a regular job, bored. Got into crypto in 2018. First I just read a lot of code (BTC and ETH stuff) because crypto is so great. Then i started to write own codes for private use...
Adam: How did you learn Solidity and what do you think about it as the dominant smart contract coding language?
Lambo: Started with reading a lot of contracts and concepts, then wrote my own first contracts to play with it. One comes to the other and I was requested for helping in other projects. What I think about solidity? Solid shit that brings me a lot of fun!
Really love how the whole community is developing all those really cool stuff we now can use.
Adam: Have you launched other DeFi projects before $LAMBO Farm that you could share?
Lambo: As a contractor, I have worked on a number of smart contracts for other projects, though for privacy reasons I would prefer not to disclose on which projects I have worked. This is the first project I have founded though, I think it going really well and is super fun for me so far!
Adam: Why did you choose to launch on Kucoin Community Chain, and how does it compare to other chains you've developed on previously?
Lambo: I was trying to decide what project to launch and where to do it. KCC came at the perfect moment, as it was blank canvas with not many projects - seems like a good opportunity for me to be an early mover.
For developing, I won’t lie - it has been nightmare. The explorer is completely broken. First, I had to delay launch for >36 hours as it was impossible to verify the contract. Unbelievable. Then, they were not displaying verified contracts, so no one could see or interact code. Awful. Luckily I could build my own web3 interface to do what I needed but for many people this is bad.
Also KCC community is so hostile. I try to help other projects by giving yield to their holders and invite them all to review my code to check it is safe (asking for whitelist from taxes etc). Instead, many ignore my request and then say that project is the rug pull without even looking code. Of course, eventually, the same teams look and then say it is safe, but it is so damaging for young project to deal with this.
Adam: Why did you decide to use Kandyswap rather than Koffee or Kuswap?
Lambo: Have you used the Koffeeswap? I had not good experience and Kandyswap is really clean and nice experience, no clutter. This is my style. Also I feel bad that they create great product but get fuded so bad - it is not nice, so I want support them too. And they already have farming contracts that i can build vaults for. And they added us to token list even before launch, their developer Santa was very responsive. So all the reasons pointed to Kandyswap for me.
Adam: What future plans and goals do you have for $LAMBO Farm? If you could speak to: Token Utility, UX/website, Social media/marketing, Partnerships, DAO, Surprise us!
Lambo: As you know, my next plan is to make vault, similar to Eleven or Adamant (I would say similar to YFI, but I am no Andre). I should have these ready soon for the Kandyswap platform. Then I will develop more vaults (hope some other strategists can help me, would be nice).
For UX, I already release one update in just 2 days, I will continue work on this. For the marketing we have some influencer in group already I see and they try spread the word but everyone on KCC so suspicious but no one can read code to verify for themselves. I think growth will come as KCC community grows.
Partnership - maybe some of the project that we make vault for will partner with us, but I don’t like empty “partnership” - should mean something, and it hard to see what this is.
I do plan to let the people vote on what project they want vault for, and maybe if we get more developer in community and more people want to help we can make real DAO to run project instead just me.
Adam: How can the $LAMBO community help with support and resources?
Lambo: People ask me about marketing all time. Every token holder is ambassador for project. Everyone has a voice. They should use this and show us the support. I can only develop, I cannot make people promote us, etc. Only community can do this.
Adam: How can we stay up to date on the latest $LAMBO Farm developments?
Lambo: I will post update in Telegram community - I try to do this regularly, and also do this on the Twitter to keep everyone engaged there. But we have not many follower yet, so hopefully this will help.
Telegram: t.me/lambofarm
Twitter: https://twitter.com/lambofarmkcc
Website: https://lambofarm.xyz/