We are pleased to announce our next AMA on March 10th, 2021 at 05:00 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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DexKit Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DexKit
For more details:
DexKit – @dexkit
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
One of the features of DEXKIT is that users who don’t want to pay high gas fees can place free market limit orders and wait until the market is filled which is similar to what is obtainable with CEX. With what we are facing on Ethereum currently, this could be a handy tool. I wish to know more about this feature. Will you be having default asset pairs like what we have in CEX or a trader can set free limit order for any asset pair he wishes to trade? How long will it take for such order to be filled? Also, is this feature really completely free or user will still need to pay transactions fee using your token $KIT?
DEXKIT swap hopes to solve the liquidity and slippage problem facing DEXes by serving as a DEX Aggregator that can pool DEX liquidity from several swaps without needing the users to directly go through these exchanges. How many swaps or liquidity protocols is DEXKIT able to fetch liquidity resources from? How will you find the best token price available with the lowest possible slippage in order to ensure the best swap price and also help to avoid transaction failure resulting from high slippage?
DEXKIT support NFT integration and allows users to be able to launch their own NFT marketplaces. However, I read that NFT service will be activated by holding NFT cards and some needed number of $KIT. Do you already have NFT already or which NFT cards are users expected to hold in order to unlock the NFT integration feature which is planned for Q1/2020 according to your roadmap? I also read that you will be implementing an NFT white-label solution that will allow the possibility for fees to be earned directly to wallet addresses when users engage with the platform. How will this be implemented?
Dexkit provides a marketplace wizard where collectors can customize their NFT gallery to the look and feel of their collectibles. My question is, what are the tools you provide within your project to help collectors and creators achieve their goals? How do you make the NFTs created with Dexkit truly unique? Have you added real value and use cases of importance to these tokens?
I read that the private order “Arbitrage Mining” allows users to benefit from arbitrage and take advantage of price discrepancies without giving profits to arbitrageurs. DEXKIT can arbitrage orders and share the profits with the user? What percentage would users get for these arbitrages? Does the total profit go to whoever wins or does part of it go to Dexkit?
DexKit has customizable Uniswap-like Exchange Layouts with order book and a basic, intermediate and professional mode similar to many CEX trading platforms. So, what are the differences and highlights that make DexKit a better CEX? What are the actions that Transformer Kits integrate to generate the best liquidity in the market?
0x is the engine that powers the DEXKIT toolKIT, and recently V4 of 0x was announced. What changes will the implementation of this V4 of the 0x engine bring to DEXKIT, and how specifically does this change benefit users? it also called my attention that in a small amount of time since the release of 0x its already on the 4th version, will we see a V5 of 0x in the near future?
I noticed on your roadmap that on Q3 2021 you have “Add Multicurrency Support”, could you please tell us more about this point? What kind of multicurrency support do you exactly want to add to DexKit, when will we know more about it and why will you wait until Q3 to add it to your platform when multicurrency is a really important thing for users right now?
According to one of your latest articles 0x right know is the most efficient DEX Protocol on the Ethereum network, and as we know 0x is the engine that powers the DEXKIT toolKIT, so could you tell us how will this be benefitial not only for DEXKIT ToolKIT, but for all the DEXKIT ecosystem and for its users? With the most efficient DEX Protocol by your side what should we expect from DEXKIT?
Reading on your website about your token utilities, I saw that all aggregator owners will be required to hold a specified amount of KIT to deploy the full scope of advanced trading tools DEXKIT offers. Can you tell us why is this a requirement and what advanced tools are those? How much is this specified amount of KIT that they need to hold if they want to have this advanced tools? Will you offer different tools depending on how much KIT an aggregator owner holds?
What is the most expensive/rarest car that will be tokenized?
1. DEXKIT is considered a next-generation tool KIT for decentralized exchanges developed to provide traders with essential trading tools only found on centralized exchanges. One of your branded new tools is DEXKIT Aggregator. How does it work? Such an amount of dollars worth of cryptocurrencies being traded on DEXs daily, how your Aggregator is built to find the most profitable exchange rate and exchange with enough required liquidity? How does it find the best price and trade with enough liquidity to reduce/eliminate slippage across all the available DEXs? Properly, what DEXs does it utilizes and is searching for? Are there any requirements for future Aggregator owners necessary to accomplish in order to run it?
2. Speaking about the economics of the token, DEXKIT has only a maximum supply of 10 million tokens. In order to this, why did you decide to create such a few amounts of tokens when there other projects are creating hundreds of millions? Will the token distribution affect its price to a high dumping rally? Utility breathes life into a token, so What will be your token’s utility? If there a so few KITs, do you plan to create a secondary token?
3. DEXKIT subverts traditional fee structures found on centralized crypto exchanges by allowing buyers to stake their KIT tokens to receive 70% of collected fees paid out monthly in ETH. Are there any requirements for the Staking participants in order to qualify for rewards? Is there a way to withdraw ETH rewards and staked KIT without a penalty? How about fees collected by your partners?
DexKit will release a multicurrency wallet with an integrated swap feature, how is this application performance according to latency and speed of transactions?
DEXKIT decidió unirse a la revolucion de las NFT haciendo un wizard para crear ERC20 and ERC721 NFTs collections, what is the main function of these NFTs? Is it just for collectibles? Are these assets also going to be interoperable?
How the DEXkit aggregator manages to obtain extremely low rates as the base: only 0.1%, and a discounted rate of 0.01% for KIT holders? KIT belongs to the Ethereum chain? Why is the value per transaction not the same as ETH?
If When a KIT holder bets on the platform he can earn rewards every second depending on the amount wagered, how and where can I get the KIT tokens to start betting? And the bets are only on your platform? Could you provide me with the link where I can bet?
Unlike other famous exchanges, what makes DEXkit more useful and beneficial? What would be the characteristics of being a “next generation” exchange? Do you always need to keep a certain amount of your native KIT token to get rewards? Which will be ?
On the DEXKIT website there is a tool that I called the above, I don’t know much about the 0x (ZRX) tools but if I follow DeFi closely, what function do these tools fulfill within DEXKIT and how do they benefit the development of the platform?
You say that DexSwap offers the best prices and liquidity for tokens, but what is the source of information for DEXKIT or from which exchanges does it collect information reflected in DexSawp? How are we sure the liquidity shown in DesSwap is reliable?
I like that collectors can launch our own customizable NFT markets in DEXKIT, how does the process of auctions or NFT buy and sell events work within DEXKIT? What steps should we follow if we want to exchange cryptographic art?
When entering Dexkit you can see a tool board where users can see the statistics of the markets, but can these tools be customized based on the user’s strategy plan? Is it possible to make exchanges within the wallet itself?
The Dexkit platform offers a base rate of 0.1% for users who wish to operate. Is there a way to reduce this rate through the integration of a native token or a referral system? How can we take advantage of your 100% discounts?
Dexkit uses WordPress in its interface, I do not know what an interface looks like with this presentation model. Do you have a screenshot to observe this? How complex is it to use the leverage orders through this interface?
Arbitrage mining is a market that I have not yet explored well, how can I maximize my profits through arbitrated orders and what are the main benefits of your arbitrage mining?
I have heard a lot about people who trade bots and read that Dexkit offers the option to trade with “Arbitrage Bots”. Do you have any manuals or steps to follow about trading with Arbitrage Bots? What advantages does this offer compared to operating normally?
There are some multiple functions that are complex to execute for certain platforms similar to Dexkit, can your platform execute multiple actions in a single process? What capacity does Dexkit have to perform numerous actions without overloading itself?
The ability to implement “KITs” is good to attract the audience with the Dexkit functions, but generally in this type of cases it is necessary to link to an external page to complete the process, do users need to connect to an external page in these occasions or do you use another mechanism? How does this area work within Dexkit?
There are different profit margins for KIT bettors, I think the highest is 70% of the fees charged paid in eth Does this 70% apply to all KIT bettors or is it necessary to comply with a minimum range of KIT tokens bet? What is the most beneficial option for the community?
Suppose that I wish to withdraw my KIT posted early due to a personal emergency, how does Dexkit handle the penalty system and what punishment would I receive for withdrawing my KIT before the established time? Is it possible to make this type of withdrawals or will the KITs be frozen?
DEXkit is an all in one platform that brings tools to improve and ease the trading experience of users, so, according to this concept, what does DEXkit offer specifically to new traders, and experienced ones? How customizable and detailed are the features of DEXkit to please both target markets being highly functional?
It was recently announced that the KITDEX exchange BETA is live, aiming to be a solution to the problem with DEX protocols like the most used one: Uniswap. But this project is using a 0x V4 technology that will solve all these problems on the trading experience, can you tell us what are the main milestones of this technology and if is it so good why no one ever used it before?
In the NFT market, are the users themselves the ones who value their work? Is there a requirement to show my own nft on the market and put it up for sale?
The DEXKit team, what kind of activities do they organize in the groups or tasks of the exchange where they can get some kind of profit and earn KIT coins, they do airdrops to earn free coins and motivate users to use this exchange or what is their strategy to interact with the community?
Apparently each exchange has its different qualities and benefits, can you mention some that attract attention and is a reason to try a new DEX?
Detail on your website that you have a high regard for the Satoshi community, which is Great, last year we enjoyed an AMA in November, and today and on 03/13 we will have more with you, but you really believe that Satoshi Club can play an important role in the success of Dexkit and in each of its updates? but how do you really see this community?
I understand that DEXKit is part of the ETh chain, but could the tools developed by you really be compatible with other chains? Or is everything fully developed just to work with ETH?
It is true that NFT tokens have had an incredible boom, many artists have created their tokens and sold them at extremely high prices, now with Dexkit’s NFT trade, why should the creators publish and sell their tokens on DexKit instead from other platforms? just for ease of interface?
Lately all the tokens have had a big uptrend, they are at the “speed of light” as you mentioned, do you think DEXKit will be able to keep up with that uptrend for a long time?
You mention that “The use of DEXKIT today is an obvious option for ERC20 traders”, and yes, it is an option for the 14 pairs that are being monitored by the aggregator, but not for the rest, so when they will increase the number of pairs and thus achieve greater adoption?
You mention that “DEXKIT is changing the game of decentralized trading”, but is it really only changing Dex trading on ETH? or is the trade in general changing? since the rates would be lower with Dexkit.
Could you really detail the relationship between DEXKIT and the BITToken project? Are they developed by the founders themselves or do they work together? but why mention it so much on your website?
After the full launch of advanced trading tools for DeFi in Q2 2021, will DEXKit not need to develop new tools? Or do you always keep innovating and testing new tools?
DEXs do not offer enough transparency when it comes to price impact, liquidity pools, and slippage tolerance. So how will DEXKIT’s Swap aggregator be the solution with this kind of problems? Also with millions of dollars worth of Cryptocurrencies being traded on DEXs daily, may we know how do you find the best price and the healthiest liquidity?
The advanced trading app is the solution to the problem with DEX protocols and you mentioned limit orders that are placed on the KITDEX can be filled by ANY of these protocols, even more impressively, orders can be placed without paying a gas fee to the Ethereum network. How is this possible? Also what advanced and practical tools does DEXKIT offers to KITDEX users?
How do you ensure that Dexkit user assets are safe and secure? Because a lot of news about hacking in this cryptocurrency space right now. What security mechanisms are used?
Could you tell us about some recent commercial partnerships that DEXKIT has acquired?
Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
Dexkit has also a trading bot that have the ability to place several orders at target prices, ladder orders, and arbitrate between several exchanges with aggregated liquidity. So with this services of the bot, do we need to subscribe and pay to access this bot? By using bot, can we leave our trade and just wait for profit? How can we assure that we can earn enough in using trading bot? Aside from what is written in website,what other features of the trading bot of Dexkit? Thank you
I see in your Dswap features that we can purchase eth through Visa Card Payment with the corresponding country currency and it is the first time I see for an Decentralized exchange to have this feature. So, aside from eth do you plan to add other currency to buy thru Visa Card Payment? Is this really safe to connect our bank account in your platform? How safe our bank account in your platform? Can you tell us the pros and cons or risk in connecting our Visa Card account in Dexkit swap? Thank you
Just recently, The DEXKIT team proudly announced the release of your KITDEX BETA Exchange. So what makes the KITDEX so magical and unique from other exchanges out there? Also what versions of the app is now available at the moment?
Use say you support more than 14 exchanges and limit orders. Using Dexkit’s Toolkit can I join the IDO’s on decentralized exchanges? Assuming there is an IDO on Balancer. At start price always go high and I need to wait for the price to go down and check it frequently. Can I join it using dexkit with limit orders?
i read that Dexkit Project is a DEX Aggregator which will looking for multiple DEXs to search best liquidity
and best price. is it not difficult to use your platform ? are there any additional feature or tools like Bots,
placing order or some kind like that ?
im just curious, Dexkit Project combine many DEX into one in your platform so that mean all DEX are your partner ? could you share who are your partner and what the result that you both already achieved until now ? the one i hear about your partner are Unilayer and Bitboy Crypto, how are your your collaboration with them?
Have you considered the integration of other blockchains on the DexKit platform like BSC or Polkadot?
On the DexKit website is mentioned an extended affiliate program that allows users to earn fees. Can you explain how it works? What do users need to do to be eligible for rewards?
I read that DexKit has a secondary token called BITT, a social media based token. Would you give us details about the utilities of this secondary token? How can we acquire it? What are the benefits of holding BITT?
Do DEXKIT NFT marketplace only caters NFTs that runs on Ethereum blockchain? Are you going to integrate other blockchain based digital assets like WAX NFTs that have much cheaper transaction fee?
i understand that Dexkit is an ERC20 trading, swap, wallet and DEFI ready. since your DEX work under ETH Blockchain, How did you solve problem with High Fee from Ethereum ? does it have connection with new technology that Dexkit use ” 0x V4 ” Technology ? How does it work?
First of all, congratulations with KITDEX Exchange BETA launch! This is an incredible event that you have been going to for a long time and which definitely deserves the attention of all users! Please tell us which features we can try now? Is beta available to everyone? And also share with Satoshi Club the first reviews of your users!
I understand that KITDEX Exchange BETA launch is something you have been going to for a very long time and you can tell us a lot about the benefits of using it. But will you leave flaws behind the screen? What difficulties did you face in developing your Exchange?
I saw that you made a WordPress widget for users to buy NFTs and cards. Do you have any plans to go further and make a plugin for WordPress to create my own trading platform? For example -if I will make a blog about NFT, I will have a lot of traffic. Could I make NFTs trading-point?
When is crypto cowboy going to go live on Dexkit?
And according to jao campos in the Dexkit live program it’s not good to talk about price then like three weeks ago, I hope you can talk about that now. We would be glad.
What are the valid usecase of the Kit token, I will be glad you list them
About the Dexkit Dex Exchange please can you specify when it would be accessible by MetaMask and other wallets
MetaMask especially,.,.,.
What are the remarkable ways to earn revenue in your DEx platform? What are the benefits and welcoming bonus for new users in DEXKIT? Are there any unique feature from DEXKIT so that it can compete with other competitor? Thanks