We are pleased to announce our next AMA on December 30th 2020 at 02:30 PM UTC Time: Satoshi Club x 3XT
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join 3XT Telegram group
We will have the following structure:
Part 1: 150$ /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: 150$/10 users – Open chat for 100 seconds. You can post Max 3 questions. 3XT Team will select 10 questions and answer them.
Part 3: 500$ – A quiz about 3XT
For more details:
3XT – @my3xt
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Requirements completed,now what?
How do you verify?
How do I redeem that is if I win and if this is legit?
In your description “It is the world’s first decentralized exchange to offer liquidation free USD and Coin leveraged tokens.”
Where does the free USD and Coin comes from?
The native token $3XT has been listed on CoinMarketCap and LiveCoinWhatch. What improvements has this made to the value and demand of the token? What will be the available trading pairs for $3XT? What are the next few exchanges that have as their business objectives to include your native token?
3x.exchange is the first full decentralized leveraged token exchange built on ethereum and powered by chain link data oracle. What are the differences between these leveraged tokens and stablecoins? When using data oracles, what improvements does this imply for both the platform and its leveraged tokens?
Leveraged currency tokens such as ETHUP and ETHDOWN are denominated and settled in the underlying crypto-currencies; this eliminates the need to maintain stable currencies as collateral? Does 3XT attempt to maintain constant leverage? How do you eliminate settlement risk when the price is unfavorable?
3XT allows its holders to benefit from the dual reward capability of the token. It allows its holders to earn 1% of all transaction fees in real time plus 50% of all trading fees generated by the platform in ETH. Where can I buy the token and keep it to take advantage of the benefits?
One of the major differences between our leveraged tokens and other types of leveraged tokens is that our leveraged tokens don’t try to maintain a constant leverage. Instead, they aim for a target range of variable leverage. is there a risk of liquidation because of that?
3XT is the utility token of 3x.exchange which in the near future will also act as the governance token for the protocol. 3XT allows its holders to benefit from the dual farming capability of the token. It allows its holders to yield farm more tokens by providing liquidity to our 3XT-ETH pair and at the same time earn 50% of all trading fees generated by the platform in Ethereum.How it is different from SynLev?
3x exchange aim to be the first fully leveraged token DEX. Your exchange has its native token, $3XT, which is not a leveraged token. What are the specific use cases of 3XT? Aside the 1% of transaction fee distributed to holders, what other benefits will I get if I buy 3XT? Do you intend to create a leverage pair for 3XT sometime in the future?
3x exchange plans to build an interconnected DEX which not only allows you to trade leveraged tokens (LVTs) that are created with your protocol but you also intend to support leveraged tokens currently being traded on FTX and other exchanges. Looking at the list of LVTs supported by FTX, I can find tokens such as XRPBULL/USD, EOSBEAR/USD, LTCBEAR/USDT and many other interchain tokens. Since your platform is built on the Etherium network, how do you intend to support these cross-chain interactions and the solve the problem of chains interoperability?
3x exchange is going to charge 1% on all trading fee. In one of your interview, you said 50% of this token fee will be distributed among $3XT holders to serve as yield reward while the remaining 50% of the fees will go to the company. However, from your medium, it is published that the remaining 50% of transaction fees will be burnt and sent to a “black hole” in order to ensure the relevance and integrity of $3XT . If the latter is true, how then will the project be sustained profitably in order to avoid liquidation? What is your project revenue structure and how will the project team be rewarded?
3X offers two options: USD-Leveraged Tokens and Coin-Leveraged tokens. I understand the first one is better for day traders and the second one for long-term holders. Isn’t a middle term? What should I invest if I want to see results by holding tokens not for too long?
3X platform aims to be liquidation free. For that you will create a target range of variable leverage. Is there an algorythm for that? I was trying to research more but didn’t find a whitepaper, do you have one?
One of the elements that the 3X.Exchange team emphasizes is that you are the first non-custodial leveraged token exchange in the world to offer unsettled leveraged currency and USD tokens. is this really so and are you the first to offer this service model? who would be the projects that would have similar concepts and could represent for you some kind of competition?
You comment that 3X.exchange consists mainly of 3 developers and 2 administration people from the initial stage of the project. Taking into account the good direction that your platform is taking, when do you expect to expand the number of people that make up your team? Can a person from the IT area interested in the concept you are developing contact you to be part of the team, or help in any way in the construction of 3X.exchange?
3XT is the utility token of 3x.exchange. Will it also act as the governance token for the protocol or there will be another token for GOVERNANCE? And how can the 3xt token be gotten?
3x.exchange is built on Ethereum. How about the issue of high gas fees and slippage? How do you aim to become the Uniswap for leveraged tokens trading?
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
What can we expect to see from this project in the short-term (at some point in 2020) and 2021 and beyond (long-term goals)?
Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Your aim is to become the uniswap for leveraged tokens trading, and you plan to support all the existing ERC20 leveraged tokens currently tradable on various exchanges such as FTX, Gopax and Bitmax along with creation of new leveraged tokens…
will you in any way be integrating with this exchanges to support their leverage tokens, or will you only integrate this tokens to your platform directly…can you also explain how the listing for new leveraged tokens will be done, how will the decision of what leverage tokens to add be decided..
In your roadmap, you plan to begin your 1st Phase of liquidity farming in Dec 2020 with plans to list 3XT on a centralized exchange by January 2021 as well
…we are at the end of December 2020, so how will your 1st phase of liquidity farming work, how can users participate in this and has this liquidity farming been launched as scheduled in your roadmap.. For the listing on a centralized exchange by January 2021 what progress have you made in this regard and what exchanges are you looking at
I read somewhere in you article that you have decide to run a monthly airdrop to existing token holders until mainnet is live with the first airdrop scheduled to take place on 20th of Jan at 18:00 UTC…. How can users benefit from this airdrop on what exchanges or wallet must they hold 3XT to be elligible for the airdrop, is there also a minimum amount of holding to be elligible, and at what rate will it be distributed..
What kind of fees are collected in USD-Leveraged or Coin-Leveraged tokens for making transactions? And what will be the destination of this collected fees?
SynLev is creating a whole concept of synthetic leverage without KYC. What are the differences between 3X.Exchange and Synlev?
3x.Exchange is the first exchanges of custody leverage tokens. The supply of its native token for the pre-sale is 503xt (15%) of the total supply, when this pre-sale will be performed? How much will the minimum and maximums be to buy in the pre-sale?
What are those highlighted points that gathers 3x.Exchange compared to other Token exchange platforms?
The tokens leveraged in USD as the tokens $ ethup and $ ethdown are denominated and liquidated in USDT. Is there a kind of counterweight to control the volatility of prices in the current market?
In his web portal they have talked about how 3x.Exchange will revolutionize the leveraged Token decentralized market, I have not evidenced anything of security. Do people who wish to be a member of 3x.Exchange have to pass a verification process?
BINANCE A very frequented exchange site that also offers leverage in tokens What functions are available on the 3x.Exchange platform to improve user experience? We all know that the client always looks for the most accessible and comfortable.
Is there a DEFI use case for 3XT?
To swap of these leveraged tokens, would an exchange need to be built?
I read that the whole team behind 3x exchange are employees of cryptomoney projects as well. Are their employers from known projects? Do their employers know about your project?
Apart from the obvious difference that 3x Exchange is a decentralized project, on a functional and usability level, how different is your project from Binance? That is, using it as such, can you see a clear difference?
At product launch which tokens will be offered on the platform other than Ethereum? Will there be Defi blue chips such as Sushi or AAVE etc. available to trade on launch? If not are there plans to add Defi blue chips?
Do you really believe that leveraged token DEX platforms can be the future of exchanges? People trust CEX a lot, how do you plan to conquer this market?
Your leveraged tokens are aiming for a target variable leverage range. What does it mean? And how is it beneficial for your users?
Since the 3xT token will be used as a governance token in the future, what can the token holders vote on? Will they be allowed to vote on transactions fees, trading fees and also vote on new features on the exchange or are these set in stone?
Given the name of the exchange, will the max leverage be 3x? If so, other than non-custodial offering is there any other edge that would make a trader leave their comfort zone and get them to trade on the exchange?
Your leveraged tokens do not have a fixed leverage but a variable one as you mentioned, this reminded me of Binance’s Variable Leveraged tokens. Are they similar, or is there a noticeable difference?
On the home page they talk about the benefit of Dual Farming for all $3XT holders. Can you tell us what this is about? Is there a minimum token required for this?
I read that 3XT is the utility token of 3x exchange which in the future will also act as the governance token for the protocol. When will the governance process be launched? how long until release?
How important is settlement on these leveraged exchange platforms? Is this one of the biggest problems of the Cex? or really why is 3XT looking to completely eliminate liquidation from its platform?.
One of the most used currencies to operate with leverage is the BTC / USDT pair, but since this Dex exchange was based on ethereum, it will only have erc20 available, right? so why mention so much btc on your website? is btc relevant for 3xt?
Really centralized leverage platforms don’t require chain link data oracle services, really because in DEX it is necessary? or is it really the purpose of 3xt to improve its performance?
Is the 3XT leveraged exchange platform fully developed and complete? Will it not require future updates or important events that users should know through a Road Map? really why not have it on your website?
In any exchange platform with leveraged and futures, it requires great tools that facilitate the study and decisions of users, 3XT accounts with the best tools for their users?
how many tokens are listed on this exchange with decentralized leverage? are just all ERC20 tokens owned on Uniswap? or do they have to first verify the reliability of the project before listing them in 3XT? and all your peers will be with only with eth?
What does it really mean that 3XT’s leveraged tokens are not attempting to maintain constant leverage, but rather are targeting a variable leverage target range? is that the leverage of the operation changes from time to time? or what makes the leverage variable?
You say that trading with leverage with 3xt is really simple, which is like making an exchange on Uniswap, but only with leverage, is that right? But really the payment of commissions will also be similar to that of uniswap? or will it be even greater by leverage?
What tools and measures does 3X Exchange have to eliminate the risk of liquidation when the price is unfavourable?
A few days ago I saw in a community that they canceled an AMA with you and accused 3X exchange of being a SCAM project. They didn’t really give any more reasons. What response would you currently give to that accusation?
The 3X exchange motto says “THE FIRST COMPLETE Decentralized Leveraged Tokens Exchange”, since it says that it is the first complete, why do you consider that the others are incomplete? What are they lacking that 3X exchange does have?
What makes 3X.Exchange special and stand out to other existing exchanges?
What are advantages when 3XT.exchange built on top of ethereum and powered by chainlink data oracle? What does this protocol offer to 3xt.exchange
to become the pioneer of complete decentralized leveraged tokens exchange?
As an exchange you need to have an original exchange and application platform, so will 3xt.exchange research and develop this in the next quarters of 2021? If yes, Will your application have any new features, mechanism offer to the users?
what was the meaning of 3xt?why this name create?
Is It support ERC-20 based??I mean trustwallet supported?
How many shareholders connect with 3XT?How types benifits are there 3XT?
3x.exchange is the first complete decentralized leveraged tokens exchange. So your project is very new in the eyes’s of investor. Therefore, the community plays a very critical role to promote and make your project develop further. So how do you plan to build your community in 2021? What are special incentives for your community as well as investor?
3xt.exchange is proud of as the world’s first non-custodial leverage tokens exchange to offer liquidation free USD and Coin leveraged tokens. Could you explain for me “non-custodial leverage” mean? Will your exchange offer like other existing exchanges with high or low X in leveraged?
As you claimed on your website, With Dual Farming, 3XT allows its holders to earn 1% of all transaction fees in real time plus 50% of all trading fees generated by the platform in ETH.
Will this 50% always be preserved or will it constantly change depending on the market price?
What pairs of cryptocurrencies does 3x.exchange supported in leverage trading till now ?
May I know how 3X Exchange get revenue to maintain the project? How sustainable is 3X Exchange business? How much fee did you charge to trader if they do trading in 3X ?
In fact, the buy back and burn makes 3XT become a disinflationary asset which will keep reducing in supply. So how much the percent of 3XT will burn for each operation ?
3XT Token have really low total supply only 430 Token right now, can you explain why is it so low? Do you believe with statement “the smaller the supply, the higher the price”?
Actually some DeFi projects out there have suffer from Flash Loan attack, so how did 3X Exchange prevent this issue and how about security for your platform?
3XT token have burn system name ‘BlackHole’, How is this burn system work? Is it same as other to burn token for every transaction? And why did you give name ‘BlackHole’?
The fee per transaction is only 1%, how do you get to have such a low fee, and what is the destiny of it?
Besides its burning mechanism, what makes 3XT a deflationary asset?
What lead you to decide to make 3XT an ERC20 token, considering the privacy, speed and high transaction fees issues of the Ethereum blockchain?
Since burn address gets 50% of the fees, how is sustainable having a 0.5% revenue per transaction, and what is the distribution of it?
one of the flag features of 3X exchange are its leveraged tokens,how many are avaliable, and what is the maximum leverage?
On 3XT update, you said that you only have 280 tokenholders. Is there any active marketing campaign by the 3XT team to attract more investors and traders?
3XT allows its holders who partake on farming to earn 1% of all transaction fees in real time plus 50% of all trading fees generated by the platform in ETH. What are the terms and conditions to recieve this reward? Is it just the normal farming like the active farming of other platforms?
Could you briefly explain what leveraged tokens consist of, and what benefits do they present compared to other types of token?
What are the trading pairs available to obtain 3XT?
Could you briefly explain to us how your business model works? How do they make money and sustain the development of 3X.Exchange in a healthy way?
Only 1 day to go before 2021 finally arrives. Is there any surprises or some giveaways to 3XT community to start the New Year?
Please tell me, what is the liquidation risk when trading shoulder tokens and what is the maximum leverage?
Q. I’m assuming as part of the product development process, you’re able to do backtesting under different market conditions – is there an investor profile where using a leveraged token is better vs trading on margin or a perpetual swap?
Q. Currently one of the biggest issues in the industry is that of safety and security, so with 3XT tokens what do you do to ensure user safety and security?
The total number of tokens is 1000 and there is information that 576 were burned. For which it was necessary to issue 1000 tokens, which would then burn most of them. Whн you create and then burn? Is it smart financial action or what?
Will we also become interoperable with other blockchains like POLKADOT and CARDANO down the line? #3XT
I know big exchanges like Binance do these ADA DOWN, ADA UP, type leveraged coins. What kind of marketshare are we trying to capture in the exchange and how can we compete?
What marketing will 3XT have in place prior to the main launch of the exchange? Also will you be having advertising banners available on the actual exchange to bring in additional revenues?
I am a basic crypto trader, what can derivative products bring us outside the scope of spot trading? What types of derivatives are available on 3xt as of now?