We are pleased to announce our next AMA on October 18th 2020 at 04:00 AM UTC Time: Satoshi Club x Yolex.io
⚠️Click to see the hour
⚠️Total Reward pool: $600
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Yolex.io Telegram group
We will have the following structure:
Part 1: 125$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 125$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Yolex.io Team will select 10 questions and answer them.
Part 3: 350$ – A quiz about Yolex.io
For more details:
Yolex.io – @yolex_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What’s the benefit of using the “time-based limited order” feature on your platform?
The initial amount of YEX tokens is only 100 and you’re stating that new YEX tokens will be minted to yield rewards and rebates to users. At the same time, you’re also stating that – as more YEXes are minted – an annual halving will take place and these rewards will reduce, but there doesn’t seem a total pre-established total supply number of YEX in circulation (or is it?). How can that sustain the token price over time?
Can you share some information about the short-term milestones you plan to reach for Q4 2020/beginning 2021 and the longer-term objectives you plan to accomplish throughout 2021?
Does this mean if I stake for 60 days I will also get 200% of my staked amount like 30 days?
I can see in your website that your platform is built on uniswap.Are there future plans to list yolex token in centralised exchanges?
What motivated you to start this project?
Yolex?
Can u tell us why you choose this name for your project?
Apart from gas fees,slippage fees are also one of fees that discourages someone from dex.
How do you plan to solve this?
– Yolex offers up to 100% rewards on my staking amount, where do these rewards come from? Do you charge commissions for doing the swaps so you are able to reward the users?
– Can I swap with Yolex all the tokens that are available at Uniswap? Do you have a separate liquidity pool or do you use Uniswap liquidity pool?
– Where is the trick in Yolex? Why are so many rewards given to users? How does this benefit the project? Is it really 100% in rewards?
Users are rewarded with YEX token every time they swap tokens. And how will the demand for these tokens be ensured if someone decides to sell them? Do you plan to organize their buyback or other actions to ensure the growth of their value?
Where can I find the Yolex.io project whitepaper? The site has information only about the nearest plans for October and November 2020.
How many members are in the Yolex.io project team? Can you be considered a close-knit team or did you meet recently?
What are the ways is Yolex generating profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investors and your project?
question:
to be specific,
is there a fix amount of $YEX token supply?
as the initial supply is just 100 $YEX and may increase in the future according to your data?
thank you
question:
you were on top of UNISWAP V2 design,,
so,
What other concepts that you are going to add thats not been found in the UNISWAP V2?
So many scam coins are lurking around on UniSwap. A major issue that needed to be address to serve the users efficiently and safe. What are your plans and countermeasures to help mitigate this problem?
Can you please give us updates regarding your plans to enable cross-chain pair transactions. I believe the first pair is BTC/ETH, have your plans for the availability of this feature before November 2020 ends still on track?
There are 2 main ways to mint YEX, the reward percentage and the rebase system. Which one of these will bring more returns/profit?
Can you tell us the motivation and benefits for investors to hold Your Project token in a long term investment and What plans do you have to help drive demand and scarcity for the token?
Are you planning to promote your project in different countries, where even English is not good? Do you have a local community for them to better understand your project?
How safe and secure users assets are in Yolex platform from hackers?
Q: In terms of becoming a successful project or company, what is the biggest challenge you currently face?
For a project development first of all main priority is having enough fund. Does Yolex team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how project generate the profit?
The Yolex platform really pleases users with an attractive reward system, but can you share how the Yolex platform generates profits to maintain the platform?
I read that you are currently working to integrate time base limit orders on the Yolex platform. How will this feature work and when will it be integrated?
You mentioned that you are open to partnerships and investment opportunities. What factors do you take into consideration before making a partnership with another project?
How many ERC20 tokens does Yolex currently support? What are the steps to add new ERC20 tokens? How do you avoid scam tokens?
Will the use of the YEX token be other than receiving rewards for staking and trading operations? I am afraid that if I buy now at the current price, I will lose, as people receiving the reward will sell, thereby the price will drop sharply. Do you have a price protection mechanism?
a few days ago we both heard a news headline entitled ‘hacking’, how do Yolex think about it ?? well, the most important thing is how Yolex prevents and protects assets from similar incidents.
What problems is Yolex trying to solve to make it easier for Crypto users? Please let us know how evolving the roadmap is right now. What will happen this year and in the future?
You say that you do not require KYC and this good attracting users by this, but you have terms of use that are not mentioned when making a swap or another use of the platform. Why did you not embed a checkbox with a reminder of the conditions without clicking on which, it is not possible to conduct a transaction. This is a special move so as not to scare away users, but on the other hand, you create the possibility of a problem for a person. Do you think this is fair?
Do you have any new partneship recently? And what advantage of this partnership to the project?
What your long-term vision of the industry #Yolex team works in? Are you afraid that so meday another project with better and more innovative technology will replace #Yolex project ?
I have read about “Time-Based Limited Orders” on which the expire that of the order will be set. What about the initiate date of an order? Think this way, when the order is not performed until the expiry date, it will be cancelled by your system, and I want another order to be initiated automatically right after, kind of a future order, will it be possible?
You will support ERC20-Non ERC20 trade pairs. Will I need to connect a wallet that supports both type of tokens or maybe even 2 different wallets? Or will Yolex system act as an interface / bridge?
If an halving occurs, percentage reward for rebasing and trading on Yolex platform will also be halved. Is this a requirement or a balancing process of the higher rewards distributed until then?
Investors seem to only care about the price of the token instead of the real value of the project, how does your Yolex.io attract newcomers and keep members long-term with the project?
Your initial supply is 100 YEX. Isn’t it too low, will it be an expensive token?
Partners, community and team are equally important factors for the development and success of a project. Yolex.io, please share your strengths about the partner, community and team so that everyone can better understand the project?
If I don’t unstake my assets after the due date, I will continue to earn rewards which is great. But does the system renew the staking contract based on the current staking choice or does it continue daily? For example if staking period is 7 days and it wasnt unstaked at the end of the period, will I need to wait for another 7 days or can I unstake whenever I want? (Considering the reward percent change based on staking period also)
I can not change staking package after I stake but I can increase my staking amount. How are the rewards calculated on an increment? Based on the last amount reached or is it done part by part depending on the change times of amount?
The DeFi space is very young and is changing rapidly. My question is, how flexible is Yolex.io design and tools to adapt to changes in the DeFi crypto space?
I see that with Yolex.io, users get rewarded whenever they trade their tokens and also gain daily rebases just for staking… Can you explain more about the daily rebases that occur how is this done, on what conditions do they occur and how is this beneficial to Users
In your websites, it stated that Users are rewarded with YEX token every time they swap tokens and also receives a fixed amount of daily rebases.
What is the minimum or maximum number of token should I swap to obtain the reward which is YEX token?
What is your outlook on inflation of Yolex.io and do you think there is a possibility risk of deflation?
What is the greatest risk of Yolex.io have ever taken? How risky it is?
You are currently working on integrating and enabling cross-chain pair to pair transactions to upgrade the DEX experience to simulate CEX interoperability..What progress have you made in this regard and what features of CEX should we be expecting when the integration is completed..do you have a date for the release
One of the ways to mint YEX is a reward percentage received every time a user trades on the Yolex.io platform… Does this mean that YEX will have an infinite supply and at what percentage is YEX minted when a user trades an ERC-20 token on Yolex
I see that the Yolex.io exchange mechanism follows Uniswap’s algorithm, why did you choose Uniswap’s algorithm?
A simple yet a curiosity-based question, what is the meaning of the project name, “Yolex”?
Every investor wants his/her assets safe and secured, in terms of security, is Yolex have been audited by a security auditor?
can you comment on the recent price drop & also the reduction on the liqiudity of the yex/eth pair on uniswap ? It has drop from height of 7eth /yex to currently 0.4 eth/yex? What is the main reason behind this ?
The team explain in TG that ” There seems to be a slight leakage with the off-chain data script which serves as an external supply of data for rebase and rewards.” can you explain what is the error and why is caused such a massive sell off ?
it is good that yolex has a liquidity lock on unicrypt, why does yolex only lock up to 41 yex for one year ?
Why does yolex decide to mint only 100 YEX at genesis ?
Why 41 YEX token are locked in Trustswap contract. Do you have any partnership with Trustswap.Also it’s mentioned on website that 41 YEX are in contract but etherscan.io is showing 56 Yex in given addresses
Can you please explain this
On yolex if we stake YEX for 30 days, user will get 1% rebased reward and 2% on every trade, it means user will get a total of 300% reward but according to website total reward will 200% , Can you please explain it?
I see an Airdrop in your project, how do you follow it? Briefly explain please
why are you standing at ETH? and please provide a link to buy at Uniswap, because I am afraid of buying your token wrong
Can you provide weaknesses and weaknesses of the project. and will be repaired or developed this year or next year
The Uniswap is more popular, but their token UNI is going down. Do you think your YEX is better and can give me more profit?
Since Yolex.io is built On Uniswap, what additional features have you implemented to take a substantial share out of Uniswap’s volume?
How can you sustain with such low supply giving swaping reward and daily rebate?
How much YEX should be mined to start halving? Do you think this is enough to fight inflation? The first investors who bought 10% of tokens, and this is only 10 YEX, may be disappointed when the supply increases several times. How did you convince them to invest?
Out of the two main ways to mint YEX, the first one is a reward percentage received every time a user trade on the Yolex.io platform. Lets suppose, a whale decides to take advantage of this feature by buying any one token(say for example USDT which has <0.01% price impact on swaps) through ETH and then sells that token to receive ETH and repeats this cycle. What will prevent them from doing so?
Until the end of October, you are going to integrate the limit orders function. Will the user be able to set any term or will he be offered some options? Will it depend on the amount of the order?
One way to earn YEX is through a rebasing system. What is the essence of this system? And is there a dependence on the amount of the bet?
You say that you have a stock of 100 YEX. But we see a 41 YEX TrustSwap contract that already exceeds the stock amount. Are these funds already included in the 100 YEX?
A look at the YEX token chart might frighten new investors as the price has dropped from its ATH of $4028.97 to its current price of $171.14. What led to this fall and how can you ensure that the token use cases of the YEX token are sound and solid to build investor’s trust?
Most projects get unnoticed even if they are good when they are not listed on Popular Exchanges… How will $YEX overcome this…?
Nowadays many Scam projects are also focusing on ERC20… How can you convince the users that $YEX is 100 % Legit…?
What happens to most of the projects is that when people get the token instead of holding them they sell them right away.
Because they are scared that the price might go down…
How will $YEX keep the token price stable…?
How do you ensure that there is a long term plan around this project?
Can you give comfort that the recent attack that resulted in 40 yex getting minted doesn’t happen again
Can you discribe what steps yolex.io takes for get rid of hackers or other things