We are pleased to announce our next AMA on December 19th 2020 at 02:00 PM UTC Time: Satoshi Club x DEXToken Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $2000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DEXToken Protocol Telegram group
We will have the following structure:
Part 1: 250$ /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: 250$/15 users – Open chat for 100 seconds. You can post Max 3 questions. DEXToken Protocol Team will select 15 questions and answer them.
Part 3: 1500$ – A quiz about DEXToken Protocol
For more details:
DEXToken Protocol – @Dextoken_Official_Group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How does flowchain + dextoken protocol aim to fit in the financial and institutional landscape of traditional finance and DeFi?
How do you plan to create enough liquidity after launch of the DEX/swap?
Why invest in DEX over other tokens?
The value of DEXG tokens is known to be currently very volatile. Do you have any way to stabilize the value? How will you generate demand for your token and how will you build trust with users? Do you have a deflationary system and betting re-compensation systems?
Partners are always fundamental elements in every project. What important partnerships have you achieved so far? What is DEXG focusing on right now? What are your short-term goals?
How does Dextoken attract liquidity funds and how can other exchanges benefit from DEXG? What is the competitive advantage of the services you offer? What makes it different from other popular exchanges?
They are located in Singapore. What important benefits has this brought to the development and evolution of your project? What contributions has Flowchain made to Dextoken?
Why break the staking round into 8 rounds, is there a specific advantage each round offer stakers? Liquidity locked for 7 days, implies no early pool leaving, how does how go about leaving pool early if he needs to?
How can we offer liquidity to the DEXG community? And what’s the benefit of providing liquidity?
Apart from the first and last stage of staking, each stage gets its name from the Greek Titans, and the last stage is named Titan. Is this a pointer that the last stage is going to offer stakers the highest APY of all stages?
Can you give an overview of your tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
Now that many DeFi projects are popping up every day and investors have adapted to DeFi projects, what is DEXToken view on this, and how can DEXToken handle this to stay ahead?
About liquidity pool of dextoken, do you have any mechanisms in your smart contract to protect the value of the token to don’t lost your value and to protect the liquidity pool in a huge downtrend of markets?
DeFi is growing each day and every week there seems to be new DeFi elements and trends added to the DeFi sphere, what DeFi elements and trends will you support with or add to your ecosystem?
I saw the benefits for everyone be it investors, stakers, Arbitrageurs, and Quants in the whitepaper. I’m curious, you give a lot of benefits to everyone then what benefits do you and your team gets? Can you share it?
I read your whitepaper and found that one of the things that affects staking reward is strong community. Do you confirm that community is an important factor in the success of your project? How do you build a strong and loyal community?
How will the trading fees be distributed? Are they paid to holders of dexg, and do you know what the rate is?
What are the plans for other tokens in the dextoken ecosystem? What is the revenue model for the dextoken exchange, and how will you attract users?
What is the benefit of the extremely low supply of around 50,000 total tokens? What will be the benefit of holding dexg?
We all understand the breakthrough of DEXG project is the AMM, which is able to anticipate assets volatility and thus provide better swap prices for users -among other benefits-.
Could the DEXG AMM technology be plugged on other DEXs (like Uniswap)? and if so, would the team be interested in plugging their technology to existing DEXs rather than developing their own DEX? (or maybe it is already the plan but the DEXG exchange will act like a demonstration for the tech?)
Doing a quick search, you can find there are many languishing Decentralized Exchanges already in existence, most people have never heard of. What is the plan to bring projects to Dextoken? What would entice a project to use DEXG over a current Dex other than saying “we are better?”
How does the DEXG exchange contributes to the bigger vision of the Flowchain’s foundation? How do all the parts of the ecosystem you are building will complete each others?
We know that the issue of Flash Loans draining pools is a big obstacle for Defi scaling, as users get strongly impacted and lose funds. How can the AMM technology of DEXG contribute to solve this issue and help making Defi a safer place?
I have 3 questions about trading fees. It has been mentioned that DEXG holders will earn some share of the trading fees from the DEXToken Swap Exchange:
1. Do you have info on how big the fees are going to be and how much of the fees are given to the DEXG hodlers?
2. Also is it required to provide liquidity to earn fees for your DEXG or can you earn fees by simply just hodling DEXG in ur wallet?
3. Is there a minimum amount of DEXG you have to have to earn fees?
In your latest Dev update (Security, Security, Security), you mention the Oracle Exploit of 89 million$ on compound. It is related to the manipulation of the price on one exchange, which set in motion other events. Tell us how are you going to prevent such event in your ecosystem and was your plan tested in reality or for the moment it is just a theory?
I’ve read your disclaimer and I’ve seen something interesting. I’ve never seen a project mentioning that: Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform, including the utility of the DEXG for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
We know there is a lot of speculation around this subject but no proof yet. Don’t you think that if there will be a solution to easily decrypt, than we will have a solution to encrypt as well? These things come at the same time. So, I don’t think we have to worry about this. Tell us your opinion about this and why you decided to add this in the disclaimer
You implemented the brand-new Speculative AMM. I’ve tried to understand it’s functioning principle but I am not tech. I didn’t quite get the point. How does it determine the price of the token based on the volatility?
What do you mean when you say that the Dextoken protocol can provide a mode of scientific minting for deflationary tokens? What exactly is this “scientific minting” and what are its characteristics?
On your website you comment that the DEXToken protocol can gradually develop DEXG into a “perfect token”. Exactly what characteristic must your currency achieve in order to be “perfect”? Approximately how long do you expect to achieve this goal?
DEXToken will use the Locked Staking mechanism, which allows the distribution of tokens to increase the circulating supply by directly rewarding the holders. wouldn’t this increase in token supply negatively influence the price of the token?
Currently, we see that the price of the DEXG token is still volatile and not yet stable. In accordance with the mission to achieve the “perfect token”. What are your plans for achieving the “perfect token” for DEXG?
I think Speculative Amm carries a positive meaning to ensure a stable exchange rate. But why do you call it “speculative”? I’m just curious because I think speculative means negative word.
Once the exchange has moved out from public beta and functioning smoothly, what other projects will the team be working on in which stakeholders can benefit/ participate?
Will Dexg holders receive fees from the public beta stage of exchange transactions and if so, what will be the rate and payment method? If not, when does the team estimate that holding Dexg will begin to generate an income stream?
It is very original to distribute all the remaining tokens through staking in 8 stages. At the end of the 8th stage there will be 48150 tokens. However, I see there is a final mint stage of 3500 tokens. To whom they will be distributed and what about the tokens left until the total 55000 supply
According to your website, I see that staking is one of the main advantages of your project. And you’ve just launched a new HYPERION staking round. I saw that the prizes given when the new round opened were not as many as the previous round. Why do you do this? Is this to increase the value of your token?
Can we discuss the governance side of the token. What type of governance rights will token DEXG holders get?
While studying your projects, I found out that your security audit was done by Pessimistic. According to the audit report published on September 5, they found no critical issues but there were some medium security alerts that were raised. One of such is that owners can pause and freeze account at will. What is the role of governors when making such decisions? Is this an exclusive right given of the project owners? Also, it was also recommended by PESSIMISTIC that you use multisig accounts to decrease probability of loss. How far has this been carried out together with other security recommendations as given in the report?
According to your Medium publication, $DEXG has a theoretical supply of 200,000. Going further, you said the real market supply is less than this theoretical value. It gets a little bit confusing here. What do you mean theoretical supply? Why having two set of supplies? Which of these is more relevant? At what point is your real market supply determined and what is the actual market supply of $DEXG?
Dextoken Protocol has an off-chain issuable token technology to provide minted tokens… can you explain how this technology works….can you also tell us what kinds of tokens can be issued off-chain using this technology and what will be the use of tokens issued off-chain..
Flowchain Foundation, your company, was established in 2018. What have you achieved in the previous years since the foundation and what were you mainly focused. With what successes and problems on the road
Your Staking reward and supply Model is based on price volatility which is used to evaluate the number of tokens minted for the staking rewards.. how does the price volatility affect the number of minted tokens and why did you decide to use such a complex model for your staking rewards….
According to your roadmap in the year 2022, Flowchain will closely align with government policies and actively develop into a service provider for IoT finance, digital finance, and decentralized finance. Why do you decide to align government policies in 2022 but not in 2021? Can you specifically tell us what policies in the government are you going to be closely setting up with your platform?
Can you explain more about Speculative AMM? How does it works with DexToken Governance platform? What are the benefits of using Speculative AMM in your platform? Why do you choose this system especially for the platform’s security? Does your platform develop this or do you have 3rd party developer?
Your platform is focusing in hosting staking with different projects for now. So aside from staking , what other options in the future that you are planning to serve better with your investors and users? Are you considering to add features like lending and farming with DexToken Protocol in the future? Are you open for suggestions from your community? Thank you!
– Why has Staking’s reward decreased dramatically since the launch of LUNA until now HYPERION? What will be the minimum rewards that a liquidity pool in DexToken will have?
– What is the difference between a traditional AMM and DexToken’s Speculative AMM? Is this type of AMM more reliable and profitable?
– If DexToken uses an Offchain Minting system, where is this minting recorded for user verification? Is it as safe as if it is done directly in the chain?
I noticed you have special names for your staking rounds: ‘IGNITION’, ‘LUNA’, ‘CALYPSO’, ‘PANDORA’, ‘PROMETHEUS’ and now ‘HYPERION’. I’m curious to know the meaning of all them and can you show us some stadistics about the participation score of every one of them?
What achievements do you expect to reach about your six staking round HYPERION? And what is the purpose behind creating a buyback cycle with the DEXG/BAL pool?
Your staking programmes are inspired from greek mythology: ‘IGNITION’, ‘LUNA’, ‘CALYPSO’, ‘PANDORA’, ‘PROMETHEUS’, HYPERION. Who are next? Hercules, Poseidon? who came with the idea to name them this way?
The DEXG reward pool is decreasing after every rounds. Is there any bonus available for new DEXG stakers or are there any kind of incentives that new stakers can avail?
I am just curious with the names you used on staking rounds: IGNITION, LUNA, CALYPSO, PANDORA, PROMETHEUS, and HYPERION. Is there any significant meaning behind the names. Can you explain why these names are chosen and who picked up the names of your staking program?
There is only DEXG/USDC pair on DexToken staking program so far. When are you planning on adding other pairs? By the way, why did you not include a DEXG/ETH pair on the staking program?
There’s a concept that called my attention and is the purpose of creating a “perfect token”. But nothing is perfect in this world. What will you say are the characteristics a perfect token must and not must have and how do plan to achieve this?
Mischievous intemptions are a concern in the cryptocurrencies, people can easily create scam imitations of a token in tendence like DEXtoken. What tools do you have to deal with fraud and protect your community?
Speculative AMM is a completely new algorithm for automatic market creation. The Universal Price Valuation model is significantly different from the algorithm used by Uniswap. Tell us about the advantages of Speculative AMM which works without the use of oracles and, accordingly, is completely decentralized.
Why is it a good option to choose Your products among the hundreds of Coins that currently exist? Also, what are the specific problems that You aims to solve in the ecosystem?
Focusing on Protocol development on blockchain is Your project direction in 2019-2020, so do you have any plans to collaborate with protocol developers? And is Your platform database system sufficient to meet the needs of payment platform?
You explored all the major projects currently being promoted and discovered none satisfied the DataGrid’s need for security and scalability while remaining decentralized. If You solve this problem, how were you able to achieve it?
You are planning to launch your DEXToken Swap Exchange with fast order book, which promises to be a breakthrough among dex. Few words about which instruments on your exchange will be able to withdraw liquidity from Uniswap?
What is the real life usecase of this token,road map and when the mainnet will launch?
Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?
Describe the Staking criterias and reward structures of DEX TOKEN ?
I tried to figure out what the minting of off-chain network tokens is. The algorithm of actions is completely unclear and, most importantly, why it is needed. You can read more about what it is and perhaps you have an instruction in a readable language
The purpose of Dextoken protocol is to enable blockchain network to calculate the “Theoretical Token Price”. What parameters are used to calculate this price? How does a theoretical price help the system? How is it used in practice?
Hyperion Staking Pool was released yesterday. How much is the reward for this pool? How long will it be available? You call this as the 6th round, are you going to release more rounds, when? What’s your plan after completing all staking rounds?
Considering your staking and supply distribution the “LUNA” staking round is going to distribute 5250 DEXG as staking reward. How can I take benefit of this and what is the seen of 700 wallet??
You have a conception called “Perfect Token”. I found 2 criteria for this in your 2 different content. One is, “a perfect token can price secondary tokens”, the other is “a perfect token should have low volatility characteristics”. When BTC increases or decreases the other (secondary) tokens (usually) increase or decrease. So is BTC a perfect token? On the other hand stablecoins are non-volatile with their elastic mechanism, are they perfect tokens? Can you clarify this please? Finally Assuming DEXToken is aimed to be a Perfect Token, what is the main strategy to achieve this mission?
You call DEXG as the Governance token. But I haven’t seen any other token in the sources. Is DEXG also used for other requirements such as utility, gas, trade, etc. or are you planning to release another token?
Can you give us more information about the secondary token and the fee reward structure that is given to dexg holders?
I see 4 different types of “Tokens Speculative AMM” in your roadmap: Deflationary, Inflationary, Off-Chain and Derivatives. Can you briefly explain these? What are the differences? Are they going to be used altogether for same objective or separately for different purposes? They are set to be released in different times, so will each be replaced with the new one consequently or will all exist and be used once completed?
You strongly focus on the issue of determining the price. In the crypto market, whales, CEXs and speculators have big effects on the pricing. What features does DEXToken have in order to overcome these effects?
What are the advantages of using the speculative AMM model against the risks that can happen in the stock markets and manipulate the price and lead to the liquidation of funds and how does DEXG see the importance of a priceless AMM for the future of DeFi?
Why are you running all tests for the public beta version on the ROPSTEN Ethereum testnet and how will you run the process without using any real funds until the testnet switches to the mainnet?
What are the innovations PROMETHEUS will provide in staking compared to the staking types of ‘IGNITION’, ‘LUNA’, ‘CALYPSO’ and ‘PANDORA’ in the previous four rounds and how is PROMETHEUS different from the other 4 rounds?
AMM is something very new to everyone here that is owned by the Dextoken Protocol and that’s a big difference and I like it. And my question is, what effect will your $ DEXG have on AMM? AMM help it reduce transaction fee? How much DEXG will I buy and how much will the fee happen, and how much fee will the AMM help reduce? Can you give me more information?
On the web you claim the Dextoken Protocol has technology that can provide users’ ability to withdraw minted tokens and withdraw their money. So what does it mean? If I buy your DEXG, when will I have the tokens I own? Will it compensate? And you said there is 1 token you are developing to avoid inflation, what does $ DEXG have to do with it? Does that token help DEXG to avoid loss of value?
You have only 10100 DEXG token left supply which has not been circulated yet. That amount is %18 approximately of total. Why did you circulate most of total supply so far? Are you in some hurry?
When I check social media sharings of DEXToken, I see Jollen is not just CEO but also everything to the company. Beginning from October 26th all shares or communicaton languages of shares / RTs give that DEXToken has one powerful man company. Did you get critized on this regard?
On 1 Dec 2020 the price fell to $ 32 and now it is up to $ 125, this is a great achievement, I think this is because of the stock and token listings on several exchanges or dex that recently listed DEXG, in the future what great things will the team do and what is the target price for year 2021
Apart from the all previous fifth round of staking the sixth round HYPERION staking adopts liquidity locked staking model .How is the fair distribution been done of DEXG staking and what is the ratio of using DEXG/USDC from shared balanced pool
Speculative AMM is new and unique concept and Dextoken protocol uses it. However for trend analysis requires historical data in crypto markets but Speculative AMM price claims to address such inconsistency and poor data. Can Speculative AMM guarantee the risk of volatility of token value? Or do you provide any form of insurance
DEXG’s 6th staking round is Hyperion and this sixth staking round also adopts the liquidity locked staking model and utilising DEXG/USDC shared Balancer Pool. Can you give us detailed explanation about the Pool? How is DEXG reward tokens being distributed?
Hey DEXG team, thanks for the AMA. Do you have any new surprises to announce for us today? Happy holidays and thanks for all your hard work!
This is the first time i heard The Speculative AMM uses as method. How is this Method work in your platform? What goal did you want to reach by using this method in DEXT project?
The vision of DEXToken to become a Perfect token which have reasonable price model for exchange between tokens, is definitely a difficult mission and ambitious one. But to do that you obviously need a great strategy and probably great partners. Which alliances and partnership that DEXToken are aiming for?
After i read your whitepaper its full with mathematics formula, i think its good so all your project result is not depend by prediction but its little difficult for me to understand. My question is about your stack reward, in your WP its said after 8 round DEXG will reach final total supply, so what happen after that? And how long time that we need to finish 1 round ?
I hear that The DEXToken protocol enables investors to avoid
the risk of over-speculation losses. How is this possible? Can you please explain what system did DEXToken use to achieve this?
I studied your website. You create a truly unique project and create a codebase from scratch. Now you use Ethereum, but it is obvious that it is an outdated technology for you. Will you leave the code open to the community? Perhaps you are the “Ethereum killer” who will really bring a fresh breath to the world of technology?
What is the speculative AMM that uses the Dextoken protocol, and how will it benefit DEXG token holders?
The previous five rounds of IGNITION, LUNA, CALYPSO, PANDORA and PROMETHEUS had a lot of participants.
Sixth round “HYPERION”. Hyper – means “over”. Do you expect the largest number of participants from the sixth round?
In numerology, the number 8 means infinity and cyclicality! If all the rounds go so well, then maybe there should be 8? Have you thought about it?
Was the security audit conducted by a company called “Pessimistic”? Aren’t you confused by the name of this company? Why did you turn to them?
The sixth round of staking ‘HYPERION’ started on 18 th December. Still can I join this staking? Or now is it finished? If not How can I join the HPERION? Which wallet should use? What will be the rewards for staking there?
You have mentioned that “can gradually develop DEXG to be a “perfect token”. Here what is defined as a PERFECT TOKEN? How are you going to gradually develop to that level? What feature are now developing in this path?
In your website you have mentioned that “Flowchain will launch the first product V1 beta at the end of 2020” What is this product V1 BETA is about? Now the end of 2020 and what is the status of this product as per now?
You offer speculative AMM as a price model to solve problems such as poor data quality of historical data, which is a lack of consistency in current crypto markets.
Moreover, you say that, while the technical indicators and bar charts can provide price patterns, price model identification is possible on trend analysis and figure charts in commodity markets.
I’m confused about all this. Please tell me, if I buy DEXG, I will buy the possibility of professional market analysis, then how and where can I get this data or the above does not make direct sense, and DEXG is a token for obtaining passive income through stacking and liquidity replenishment?
What is the relationship between DEXH and VITEX? Is it the exchange DEXH listed or any other relationship there? Could you please explain this
According to CMC your total supply is only 20 000 and maximum suppky is mentioned as 200 000 token. What is the reason for this? Are you planning to issue token in future or another reason for this?
Do you have any plans to launch a mainnet for DEXH? Because there are some issues with ERC 20 network recently, then you will be able to overcome scalability issue also
Thank you so much for warning that the Flowchain Foundation (the”Company”) does not have the means to stabilize the value of the token. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform. i see that you are very honest and give exhaustive information, so i want to ask, what is the percentage that i can earn something or is it 90% of the fact that i will be bankrupt if i invest money in dexg?
As an Defi (lending and borrowing) platform, how will the project avoid market manipulation problems? Is there a safeguard mechanism in place to guarantee benefits and assets for investors, traders and coin holders?
Getting acquainted with the project, I realized that thanks to Speculative AMM arbitrageurs will not be able to participate in price speculation and will not be able to actually use your DEX. Do I think right, please tell me.
I see on your site the ability to connect different wallets.
But I did not see the possibility of connecting hardware wallets such as Trezor. Will you realize such an opportunity?
And I’m also interested in whether you plan to create a mobile version of your project?
Now there are many similar Defi platforms! Can you list some of the special features of Dextoken that help it outperform the competition? What is the competitive advantage your platform has that you feel most confident in?
The Flowchain Foundation has research in the field of volatility and tokenomics. will this knowledge be applied in the dexg amm? or is the research data only suitable for the flc token?
Why did you decide to build DEXG Token on ERC20 and not on other blockchains such as BEP2, TRC20? While the ERC20 platform is less scalable and very slow?
Please tell me, is there a connection between the successful development of flowchain developments and the dexg token? For example, allocate part of the profit to buy-back and maintain price stability? Or is DEXG a separate project and therefore not having support more risky?
Hi sir
DEXG said that The audit report by Pessimistic showed no vulnerabilities in the DEXG smart contract but didn’t give a proof of that so can you give me the details or picture about the audited from Pessmistic? How can I trust you if you didn’t have any proof !