We are pleased to announce our next AMA on March 9th 2021 at 11:30 AM UTC Time: Satoshi Club x DMEX
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DMEX Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DMEX Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about DMEX
For more details:
DMEX – @DMEX_Chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello @vdimension0 sir,
During these times where we are living in Real word and digital world, there is always a risk of virus. In real word we are facing Corona and in Digital world we are facing malware,phishing attacks. Now a days, attackers sometimes use phishing techniques to trick victims into clicking links that load cryptomining code on their computers. Could you please tell how much you are prepared for these situations?
DMEX has a great roadmap. What is your ranking goal when the entire ecosystem is set up? Who do you see as the biggest competitor?
Hello sir,
Can you tell us where do you get an idea to built a World’s First Decentralized Crypto Currency Cloud Mining Power Financial Service. And what makes you think this idea will become successful, thank you
1. DMEX entitles itself as the ”First Decentralized Crypto Currency Cloud Mining Power Financial Service Platform in the world”. Honestly, there are so many words in this entitling that I don’t know which one I should give more attention and focus on exploring it. However, as I investigated, in DMEX1.0 every blockchain-related physical asset that could be tokenized can be mapped to NFT on the DMEX platform. In this way, what are the user’s options upon obtaining NFT? Can you tell us the other specific characteristics of DMEX2.0 and DMEX3.0? How DMEX succeeds in endeavoring to mobilize investors’ assets to invest in mining? And speaking about investors, can you name your biggest ones and who are your partnerships in developing the DMEX project? Also, as we know, investors came to invest where a secure project can offer a healthy security feeling – have you audited your project? Who is the company that did it or will do it?
As I noticed, DMEX is about to launch the Early Pioneer Program as a bounty program. I want to underline that this is a good marketing idea in developing your project and to build a strong and active community together and “send DMEX to the moon!”. However, my questions are: how we can help you grow? Is there a system of rewards regarding this program? When we can join it and does it has just one phase or there will be more of them? What are the Early Pioneer program reward allocation rules and General rules? Do you plan a massive social media campaign? Show us please the steps of promoting your project.
One of your products is DMEX1.0 (Mining power NFT launch, trade, and collateral loan).
I would like to learn more about the features of these three points. What is your advantage over other competing projects?
As we know, DMEX is a DApp deployed on the Huobi Ecosystem HECO Chain and as a high-quality project with this collaboration, receiving numerous supports from the Huobi Ecosystem, such as internet traffic, resources, investments, and media coverage, DMEX financial service platform has secured millions of dollars of investments from well-know venture capital institutions, by having low gas fee and high liquidity. In order to this, what can you say about other advantages or issues like the transparency of your platform? How you can guarantee that the mining power data is open and transparent and can we be sure that our funds will not embezzle? Does your platform support over-the-counter mining power trading? Also, is there a mining barrier? And what are DMEX’s investment options for earning multiple incomes? Explain please a bit your system of “Automatic Income Distribution”.
I see too many complicated tools and types of trading, as well as the various tokens that you have. Are there no plans to further simplify the platform mechanism? Do you also provide educational programs to make it easier to understand the MDEX platform?
Can you explain more about the Repurchase settings in Mdex? What mechanism being used to effect it’s features? How it works? How to get profit from Repurchasing? Can you explain the calculation?
How is it possible through MDEX to create a larger DeFi green platform that integrates DEX, IMO and DAO at the same time? What are the benefits that this platform would bring with DeFi with DEX, IMO and DAO?
On your site, I found QR-codes, which are used as links to your Telegram and WeChat channel. A very original way to contact you! But the QR-code on Telegram works, and I never logged into WeChat. What is WeChat, for what purpose was it created and how to access it?
DMEX Is About To Launch The Early Pioneer Program. What is this program and how can I participate in it?
You just launched your DMEX Early Pioneer Program to help you grow and you are giving out a huge DMC reward equivalent to $10,000 for your bounty program and the first phase will be running from March 5th to March 31th (or until the bounty reward runs out). This is awesome! I’m interested in joining, so can you tell us what are your Early Pioneer Program reward Allocation Rules and its General Rules? Also how’s the Registration Process and may I know if there’s 2nd phase coming after the 1st phase?
Hello
DMEX platform will prioritize the launch of Filecoin decentralized joint mining where users can deposit FIL to the joint mining pool to obtain the corresponding pool’s mining income. So can you explain more how to join in your Joint Mining pool and how it works? Can we deposit and withdraw anytime? Also how is the interest calculated and how much % is the annualized return rate?
NFTs are very popular now and it’s so nice that DMEX platform provides effective mining power in NFT (non-fungible token). So talking about the mining power NFT, how it works and can we sold and transferred it to the decentralized platform freely? Also how about DeFi features, do you plan to provide DeFi features too? If so, what kinds of defi features you will be providing and how do you plan for your investors to obtain additional return through your Defi features?
in your medium you said DMEX offers a joint mining product similar to Alipay’s Yu’er Bao. actually i dont know about them at all, can you pls explain more detail about what are your mining product ? and why did you make comparison with Alipay’s Yu’er Bao? do they your main competitor?
Cloud mining was really popular a few years ago, but now it is rarely heard and maybe lost to the DEFI project. the collaboration that DMEX have between cloud mining and nft is really unique, but how does it work? do you have your own farm machine of ASIC Miner that possible to create NFT ?
I read that When users deposit FIL into the joint mining pool, they will get a token. If they are willing to pledge the token as collateral on the DMEX platform, they can get a second income, which is the token on the DMC platform. What are the use cases and the importance of owning this $DMC token? Does owning $DMC provide any kind of strategic mining advantage? Are there any additional rewards for pledging the token as collateral on the DMEX platform?
What tools has MDEX developed to improve the capital utilization rate for mining machine vendors and increase the value of idle assets for miners? What change have you achieved in terms of barriers to entry for average users? What protocols have you created to mobilize investor assets with stability and flexibility?
Reading about MDEX I found that there are different versions of the platform, starting with MDEX 1.0 up to MDEX 3.0. Which one is the easiest way to access the services offered by the platform? One of the biggest problems of DeFi today is the barriers to entry, how does MDEX solve this for its users through these different versions? How easy is it to access?
Mining energy financial services platforms often have very high entry barriers and this makes it difficult for users to enter. How high are DMEX’s entry barriers and how is transparency in mining processes?
I know the potential of NFTs but I don’t know how effective they are when being agreed with an energy mining platform, how does DMEX plan to exploit the maximum potential through NFTs and why did they decide to choose this type of tokens as the main market?
Income distribution is always a controversial issue on mining rigs and how is that distribution judged, who is in charge of the income distribution system? Does it work manually or automatically?
wow, there are three DMEXs: DMEX, DMEX2.0 and DMEX3.0 … I don’t know which one to use or which one best suits my business model.What is the difference between each DMEX and which one suits the users more like to hold and participate in agricultural processes?
I have read that your DMC token is obtained through proof of participation but I do not know if there are more ways to receive DMC. Is DMC limited only to proof of participation or are there different ways to receive these tokens? Can nothing else be used in this type of test or are there more use cases?
I am interested in the developer role but for that job I need codes, obile SDK and some contracts. What are the resources that developers receive when working for DMEX and what business plan does DMEX offer for this type of worker?
It says in small letters on your website that all procedures are decentralized and operated by smart contracts, so there will be no room for human errors, however the human hand will always be decisive in the future of a project, you can tell us about the team behind these decentralized products and what do you look for in your staff in the future? Are you hiring or looking for ambassadors?
The mining power is reflected into NFT assets which are compatible with Ethereum blockchain and Huobi Heco chain, in fact, you have both options on your website, how is mining different from these two chains and how are they related to each other at the same time?
I understand that if we buy an NFT mining energy we will be able to obtain a daily mining income, suppose that I buy 600 $ in NFT tokens In what profit margin would my NFT be located and what percentage of income could I obtain if I buy large amounts of mining energy?
The trading of NFT of mining energy is something that is in full development and I do not know if it has an active market. How can I trade NFT of mining power through your platform? Is there a constantly moving market or how does the buying and selling of NFT work?
Collateral Loan Mining Energy is very similar to Mining Energy NFT / iFIL Holders How is Collateral Loan Mining Energy different compared to Mining Energy NFT / iFIL Holders? How do we get more funding?
About the DAO governance mechanism, it is mentioned that it will be implemented in two stages based on the progress of platform development, but at the moment how completed is the development and which stage is implemented so far?
After the dao is launched, the community can re-elect the co-managers of the wallet through the proposal and voting mechanism. How often these re-election could happen and what proposals can be made through it?
Your roadmap mentions that your marketplace will be live in 2021.02. Has this goal been completed? What can be traded through this marketplace? Is it an autonomous marketplace or can third parties also offer on it?
Because Dmex has a fixed return of 70%, I do not understand it, it is assumed if it is a mining system it does not depend on the power of your machine or it depends on where you mine then I do not understand where the decentralized is here since they also have a dApps as seen It is not a pyramid or something like that where I can see how the power goes mining and all that as an ETH example does?
There are many differences between a mining and a pool so I do not understand this part that says mining since to participate in your “mining” proposal we depend on two different tokens Fil and HUSD that make the HFIL as your tutorial explains then where There is the power of mining, because the return is not fixed, can you explain why this model as it appears in this image is totally different and is applied in dax https://dmex.medium.com/dmex-mining-instructions-cbc7205945d0?
In a small note on your website, you comment that in DMEX all procedures are decentralized and operated by smart contracts, and therefore there will be no room for human errors. My question is, if you eliminate the human factor, how do you guarantee that there are no errors in your smart contracts? have these contracts been audited by third parties? who has been in charge of finding and resolving these errors?
The major of the NFT based platforms qualify its NFTs using “tiers”, so DMEX do the same with its Mining power NFT?
On the DMEX platform users have three options when obtaining NFTs: waiting for income, swing trading or obtaining loans backed by NFTs as collateral. Are these always the only possibilities and benefits that users of your project will be able to obtain from non-fungible tokens, or do you expect to include more possibilities in the future regarding the benefits that these tokens can bring?
One of the characteristics of DMEX is that in your platform the distribution of income is done automatically. What criteria does the algorithm that is in charge of this task use to perform this distribution? Is this distribution carried out in a totally equal way or do some users receive more than others?
How did DMEX reduce gas fees to a level close to zero by using the xDAI sidechain , while keeping user funds stored on the Ethereum blockchain, that is widely known for having high fees cost? could you explain us what the xDAI sidechain is?
DMEX is a decentralized platform ensuring that mining power data is completely open and transparent. The mining income is genuine and reliable. The platform will not misappropriate user funds. How can you assure users that their money will not be misused? Is there any type of contract or insurance for this?
2. Traditional mining power rigs do not support non-prescription mining power transactions. And from what I was able to research DMEX offers over-the-counter mining power transactions, can you tell us a little about this? What methods are used to create these recipes
I have been investing in cloud mining platforms for a long time, most of them have fallen and few are still working, that is why I have considered that there are 2 characteristics in which users or people look, the first (1) a platform that provides good Profits and that it has a sustainability basis, and the second (2) a protection and guarantee that your funds will be safe (including protection against hackers). So what are the foundations that support MDEX to stay stable? And do they really have the funds protection and one anti-piracy system?
There are 3 important features that DMEX offers: Low entry barriers, transparent mining process, automatic income distribution. Can you briefly explain how you achieve these 3 characteristic processes? Achieving fully transparent cloud mining is not impossible? Automatically distributing income is not something cumbersome for many mining rigs?
Most cloud mining rigs end in “SCAM” which has caused many users to turn away from these rigs, but this is my first time seeing a decentralized cloud mining rig. So, unlike common mining rigs, what sets DMEX apart from other mining rigs? Compared to other platforms that you offer your users to trust the platform?
I understand that DMEX is launching a new transformation (DMEX2.0). What is the reason for this new evolution and how is DMEX different from DMEX2.0? What are the changes made from the previous project?
In your whitepaper you mention the problems that ordinary users face due to lack of knowledge, experience and guides, causing them to give up and abandon mining, how are you going to solve this problem?
What is the utility and uses of your $ DMC token in DMex?
NFTs are revolutionizing the world of blockchains, and they are having a great impact, and it is very important that DMex developers work on NFTs as soon as possible, what are your plans around NFTs in the short term?
In your whitepaper you explain the current pain points in the cloud mining energy sales market, such as scams, investor ignorance and lack of transparency of other similar projects, my question is: How does Mdex solve these problems and guarantees a good service in the ecosystem?
According to the information I read on your website, I liked the decentralized joint mining. What is the process that users must follow to obtain token in chain and thus be able to share mining income? How fruitful is this mining process as a whole?
Can you briefly explain what the “NFT / IFIL backed lending process” is? Which are the steps to follow?
In what aspects does DAO intervene in the DMex risk control system?
I think supernodes would be a useful and generous tool for a platform like DMEX. Has DMEX considered integrating supernodes into its ecosystem? How long should users wait to receive FIL income?
Is the first time that I know that a NFT can be used as Mining power, so can you please explain us how is this process?
Exploring your website, I just realized that you are compatible with 2 chains, Ethereum and HECO, but DMEX is able to connect with other EVM compatible chains like BSC?
We can earn a daily mining income by purchasing mining power NFTs. Are these NFTs provided by the DMEX project or by external sources? Also, is there a limit on the number of mining power NFTs that every user can purchase?
Going through the DMEX website, I noticed that there are several ways or earning income. Which ones would you say are the principal and most convenient ways? What would you recommend to maximize our earnings on DMEX?
On the DMEX roadmap we can read one of the goals for 2021.04: “Support added for more DeFi functions”. Would you give us details about exactly which DeFi functions will be integrated in DMEX?
Usually Cloud mining is related with Ponzi Scheme which they dont have own farm ASIC machine, but how about MDEX? do you have any proof maybe like photo of your place to farm? And how is your cloud mining system able to connect with NFT?
I read from your twitter you have make new collaboration with Filecoin, may I know what is consist and result for both project from this partnership? And any other great partnership that DMEX want to share with us?
DMEX launched public derivatives trading without gas fees in response to the growing demand for new products among crypto users. I’ve seen several crypto/derivatives iniciatives starting lately, what do you think is all the interest in the derivatives market from the blockchain and cryptoenthusiast community coming from?
In DMEX there are some extra activities with which people can earn incomes such as Mining Insurance, can you tell us how to use this feature and what benefits it has for the platform and for the miner?
I could see that your DAO system is very important in all your products, for example, NFTs can be sold after voting for DAO and so on many more, you can tell us how this governance method is structured and if it is inspired by any that already is known in the market?
If really “all procedures are decentralized and are operated by smart contracts, so there will be no room for human error” then what do you mean by “Shared Risk”? Shouldn’t it be totally risky for the investor? or does the platform also suffer risks?
One of its main features is “Transparency in mining machines”, but could you really explain what you mean? Are there mining machines that operate and are not transparent?
How useful is the NFT really in mining energy? or is it really what allows access to the different levels of mining energy? If so, does mining power cost thousands of $? since that is the value of the NFTs.
You mentioned that you can buy mining energy with USDT, but is that mining energy really an NFT? or is it really different are the mining energy standards and the mining energy NFT?
I understand that they have various products, such as DMEX 1.0, 2.0 and 3.0. If 3.0 really has the same thing as the previous two, would it be preferable to use that product at once? Or in some cases it would be preferable to use only 1.0 or 2.0?
The vast majority of “cloud mining” projects are related to Scams, how will we know that we can trust DMEX if they also keep our capital locked while mining? Or is that capital also kept locked for managers?
If DMEX is the first decentralized cloud mining energy financial services platform, then why to become part of the community and the mining company, do I need to enter personal information? Shouldn’t it be totally anonymous and private?
In DMEX, will it only have the functions of doping, feeding mining and withdrawal energy? Or can you also make changes of coins and tokens to be able to mine with different currencies?
The Decentralized Mining Coin is the token of the DMEX project. What are the use cases of this token within the DMEX platform? Can you explain what are the different ways of earning DMC tokens?
I noticed that we have to own FIL or USDT to start earning mining income. Can’t we join using other cryptocurrencies aside from USDT or FIL? Have you considered accepting other cryptocurrencies?
I’m interested to know more about the Tokenized NFT Mining Power. All these NFTs represent the same mining power or are there different kinds of NFTs that allow users to earn more or less income depending on the type of NFT they buy?
I understand that users can trade DMEX NFTs, but where is the initial market of these NFTs? Who are the intended buyers that may show interest of the assets?
You said on one of DMEX articles that DeFi+FIL+NFT highly influential in their own rights. What is DMEX platform’s product or features that showcase the potential of combining of these 3?
Cloud mining nowadays are not so popular unlike in the fast few years. With the rising of NFT market and the ongoing DeFi boom, do you think DMEX cloud mining’s profitability can compete with staking and yield farming returns or APY?