We are pleased to announce our next AMA on November 19th 2020 at 04:00 PM UTC Time: Satoshi Club x DexKit
⚠️Click to see the hour
⚠️Total Reward pool: 500$
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DexKit Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. DexKit Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DexKit
For more details:
DexKit – @dexkit
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You claim to offer trading bots that can help in arbitrage trade in between exchanges. How do you ensure this bot doesn’t misbehave thereby causing losses on the user? Do I have to set it up manually or is the bot’s intelligence humanly enough to determine the exchange with lower price and the one with higher price so as to initiate a transaction.
According to your website, DexKit will allow anyone to launch their own custom exchange. How will this be done considering the fact that exchanges usually have a dedicated team of developers, a frontend hosted on Amazon web service and a smart contract if it’s a Dex?
Users will be able to farm a second token called $BITT by adding liquidity to the $KIT liquidity. $BITT’s utility will be on Discord and SANDBOX. What will $BITT be used for and will it be tradeable?
As we all know Covid-19 has changed the world. It is affected almost in every side. So, How Covid-19 affected you? Positively or negativity? How?
How was the idea to create this project born? It is very interesting. What do you want to prove? What are your expectations?
How will you attract investors and build the trust and win the hearts of millions of people in your project?
Your exchange platform is very similar to that of Uniswap, what differentiate your platform from Uniswap? What are the benefits of using your platform ahead of the well known Uniswap?
The Staking seems too good to be true, no need to stake eth only KIT, and no penalties for staker that leaves pool, without penalties for stakers leaving the pool won’t that leave the project at the mercy of fluctuating liquidity? Is any of the liquidity generated from the token sale going to be locked?
Permissionless listing and user custom generated exchange, both of this leaves the platform vulnerable to people with dishonest intentions, what measures has been taken to protect genuine users of your platform from this “dishonest elements”?
DexKit has been defined “the next generation DeFi platform” integrated with all the missing tools that traders and investors had been waiting for so far. I know DexKit utilizes more than 9 DeXes – including most notorious Uniswap, Kyber, Curve, Mooniswap, mStable, Balancer among others – and is built with technology based on the less famous ZRX protocol. Can you tell more about this protocol? What are its advantages compared to ETH and other more illustrious competing/sibling protocols?
Not only DexKit provides a suite of user-friendly, easy to use trading tools, but also winks at NFTs enthusiasts, by allowing them to create, sell and trade NFTs via “private orders” as well as giving them the possibility to launch their very own NFT marketplace, complete with a full back-end dashboard. Could you please tell us more on how NFTs private orders will work on DexKit? Also what kind of options can be customized and fine-tuned when it comes to creating your own NFT marketplace?
Mr Campos, I have to say I am glad, for once, to be able to name someone in a crypto project. The space is filled with anon teams and – while most of them don’t have malicious intents – it is a relief when you get to read about devs curriculums, work histories and experiences in the field.
I did my due diligence and saw that your resume is quite impressive, with years of experience developing on the Ethereum blockchain, then switching to work for one year on the ZRX chain.
Can you please tell us more why did you decide “to switch over” to the ZRX toolchain-side and why, concretely, are you so passionate about it?
1. How different will be your Dexkit farming?
2. What are the tokenomics of your KIT token?
3. Uniswap V3 and ETH 2.0 is coming soon. Then probably cheaper transactions, faster processing times, stop loss setups, etc. So in long term scenario why would users need to switch to your platform and what are your unique features?
DEXKIT uses technology based on the ZRX, Uniswap and Kyber protocols, among others. Of these that I mentioned, what advantages have you rescued for yourself and what differences do you have from them? Why is DexKit better?
How does the earn passive incomes to affiliators works? and what other incentives DEXKIT offers to the community to keep winning while they use your tools?
Sometimes people just get lost among all these projects and finding best prices for each trade seems tricky. How can SEXKIT help new users who wants to start using their Unilayer DEX aggregator?
Users of your upcoming DEX, and DEX tools such as limit orders, stop limits and arbitrage bots, will need to hold KIT in order to use these features..what will be the required number of Kits users must hold before being allowed to use this features..and can they also stake these KITS while holding them to get access to your DEX Tools..
DexKit wants to enable users to launch their own custom exchange effortlessly, collecting fees from their users…what kind of exchange will users be able to create here…. and what features will you permit users to add in their custom exchanges
Users can farm BITT which is a Utility token of a decentralised exchange bitswapdex by adding to the KIT liquidity pool… why did you decide That this Token should be Farmed and not other popular Defi tokens or coins using KIT
DexKit has some features such as swap and pool. What plan do you have to develop DexKit? are you planning to add features in the future? Please share with us
I have visited your website, DexKit has an interesting feature such as launch custom exchange. Can you share with us about Your Roadmap this year? Are there any Updates on your Research and development progress especially on your features?
Some recent staking projects tend to penalize part of their investors, whom they call with some names such as; panic sellers, weak hands, etc., by charging extra fees. How about DexKit Staking system? Can an investor unstake anytime? If so, is there any fee to penalize for unstaking? What happens to the rewards accumulated until then, can it be withdrawn or will the investor lose it all?
According to the roadmap for Q4 2020, you have planned social media coverage. Where exactly can we find your accounts and read the news? Will you launch social media promotions for your users?
If I place a Kit bet, the reward starts to accumulate immediately and can I place a bet at any time and in any amount? Does this mean that there is no minimum for the bet? Also, can I close my bet ahead of schedule without any penalties? Why is everything so simple? How is the reward calculated in this case?
“As the next-generation tool kit DEXKIT is the future for decentralized exchanges by creating advanced trading, swap, atomic swaps, and market-making. It brings with it the ability to create decentralized erc20 and erc721 white label trading solutions, giving greater flexibility to the user. The tool kit concept helps traders become better informed of trades and receive the best price across 9 DEX’s.” According to your information, you are motivated to launch a very ambitious project, but despite that, on your Github only 2 main repositories which both been forked from Uniswap. How do you plan to become ‘the future for decentralized exchanges’, if you don’t have any original ideas in your code?
DexKit teams up with SoMee. What DexKit services have SoMee already provided and what else is planned? How will this partnership benefit DexKit users?
You claimed that DexKit has taken one step ahead to provides an intuitive NFT marketplace for creative minds to sell and show off their work, what exactly are you pointing out when you said that you are ONE STEP AHEAD. Do you already have a functional and running NFT platform that we cant find on any other NFT marketplace that already serving the users?
The basis of DEXKIT is based on well-known open source technology. However, the team are developing next-generation closed source technologies that will belong to the company. Can you tell us what next-generation closed source technology being developed by Dexkit? How will this technology will give impact to your platform?
1. How different will be your Dexkit farming?
2. What are the tokenomics of your KIT token?
3. Uniswap V3 and ETH 2.0 is coming soon. Then probably cheaper transactions, faster processing times, stop loss setups, etc. So in long term scenario why would users need to switch to your platform and what are your unique features?
The DEXKIT flagship tool is their aggregator that can be branded to the user’s specification that users can create a marketplace or exchange for a website or app. So can you explain how this works? What are the conditions and regulations may apply with this feature in your platform? Thank you
dexkit has a partnership with unilayer for using your DEX aggregrator, can you eloborate more on that? Which other platform is going to use DEXKIT ? Why do they choose dexkit instead of other competitor product ?
Currently DEXkit support up to 13 DEX: Uniswap, 0x, Bancor, DODO, Mooniswap, Oasis, Balancer, Curve, Kyber, mStable, Shell, Sushiswap, Swerve. All of them are currently on the Eth platform, do you have plans to include other blockchain like binance smart chain, tron or others? Do you plan to add cross chain capability ?
Dexkit has few module in their offering, aggregrator, exhcange , NFT marketplace, dashboard, staking. Which one is the most sought after module by projects that wants to whitelist your product. What new module is being planned for the future?
DexKit will use the concept of “toolKITs” to help give traders want they need; a well informed trade at the best price. Honestly using Uniswap and other DEXes are not good because of high transaction fees. Do you already have a data or chart that will give traders an idea on how much they can save if they use your platform? In your opinion how many percent of transaction fees will be cut when they use Dexkit.
Can you explain what is the importance of your secondary token- BITT. What is its usecase and can we stake or farm it in the future together like KIT to maximize profitability of the token?
What incentives will you offer for market building and trading in cryptocurrencies and why did you choose technologies like Ethereum and Link to create DEXKIT?
Is it possible for users who do not want to trade with expensive commissions and high rates to be branded according to the user’s characteristics via DEXKIT? How do you act as a collector for the marketplace or exchange?
How will kits get the best liquidity in the market to liquidate LP tokens and trade for stablecoins? How will you ensure to add more KIT functions according to the needs of the community?
I do hear Dexkit will be doing presale, how much for softcap and hardcap? After dexkit reach hardcap, what plan will Dexkit do for next?
After checking Dexkit roadmap, on Q1-2021 you will launch new platform for trading, so for DEXKIT Token only can be trading on your platform? Can’t we trading it on other exchanger?
Blockchain with its unique features is really perfect for future, but theory and adoption are completely different. With organizations level, how could DEXKIT convince as well as barriers about regulations legal ?
Are my Coins Safe on Exchanges?
Your interface is very similar to Uniswap V1 so, how are you better?
For how long did you plan the launch of DexKit? Did you check security details in extension?
the biggest problem with Uniswap is how incredibly expenssive the fee is, id that problem solved in DexKit?
Why is needed another DEX in the cryptospace if it is similar to the ones existent? The answers is: it is not needed. So what is the uniqueness of DexKit that makes the user experience different or better than what we are used to?
How friendly is the interface of DexKit to use it? Is it easy to use for new cryptomembers?
Do you support NFTs only in ERC721 and ERC1155 formats? These are automatically high fees and other inconveniences associated with the Ethereum blockchain. Perhaps you have plans to add more convenient blockchains such as Wax, for example. Which are gaining popularity. You need to get closer to people.
– Can you name the most important and outstanding differences between DEXKit and the most popular DEX at this moment? What additional tools does your project have?
– How much will be the commissions of each operation in DEXkit? Will there be any discount for having $KIT token?
– What Assets will be available for trading on DEXkit? Cryptom currencies only? Or do you plan to place Forex as well?
What other partnerships are you looking at?