We are pleased to announce our next AMA on May 7th 2021 at 03:00 PM UTC Time: Satoshi Club x Tacen
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Tacen Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Tacen Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Tacen
For more details:
Tacen Website – tacen.com
Tacen Telegram – @tacen_app
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Tacen aim to leverage the latest decentralized technology that will be relying on decentralized network of oracles running in DFINITY’s Internet Computer. Am eager to know what benefit you can assure by building on the Internet Computer and why you prefer to rely on DFINITY as your primary settlement layer infrastructure out of many other solution out there. How will this choice improve your transaction speed and how will the incorporation of oracles running on DFINITY promote better and open p2p settlement functions?
Tacen combines the high performance of centralized order management with the security and privacy of decentralized settlement in order to be an hybrid next generation DEX (HDEX). While there have been many introduction to upscale transactions speed, some of these initiatives are done by trading off security features or user privacy. How will you be able to implement swift order entry and modification, through the combination of DEX and CEX attributes? How is HDEX primed to be a architectural model for speed and privacy and which compelling attributes of your products can persuade users to mass adopt your technology?
Although it is written on your website that Tacen does not have a token, many users are still besieging your Telegram Community with question as to when you will release Tacen token. The usual answer you always gave is that token only exist for the separate TXA Ecosystem. Are there any relationships between the Tacen Ecosystem and TXA ecosystem and are these two projects working together or operated by thesame team? And If Tacen project will not have a token, how then will it be governed and how can investors be attracted to it when there are no shares of token to buy, hold or invest in?
I read that Tacen does NOT have a token for now, it’s very unusual for a serious platform. So, i wonder in which coin do you based your economy? But, are you planning to release an own token in the future? Or isn’t it on your plans?
Tacen is a non-custodial exchange design uses smart wallets to ensure that only you control your funds. Furthermore your smart contracts undergo rigorous security audits and are non-upgradeable. In order to be a non-custodial and even not have KYC. What are your security measures to secure the funds of your users? A seed? What so strong are your security audits?
I read that you have a Legal-First Approach and your architecture is purposely built to fully comply with all SEC, FinCEN, and CFTC regulations while never needing personal information or centralized fund management. Are enough the regulations of these institutions for no having any legal problem in the future? Or are you planning to get more licenses? How these regulations does guarantee the security and tranquility of the users?
One of the main aim of TACEN is to combine the best of Centralized and Decentralized exchanges in order to create what is called a Hybrid-decentralized exchange (hDEX) in a two-fold architecture comprising of a centralized order management, with decentralized settlement, so can you explain how this two-fold architecture works and how combining them together will improve users trading experiences, what are the key reasons why TACEN decides to combine features of both centralized and decentralized exchanges and what important features are you bringing from both worlds..
One of the features that TACEN believes sets it apart from others is the hDEX’s settlement process. As one of the first projects to utilize TXA’s Decentralized Settlement Layer, can you explain how this layer works, why and how this will improve the overall cryptocurrency trading experiences of users… and what new feature or benefit does this settlement layer come with
On your website it is stated that Tacen will launch a TBD exchange built on its unique decentralized architecture, and Users will be able to deploy their own non-custodial smart wallets which they have full control over and…. so if a user wants to deploy a non-custodial wallet what requirement must they meet, what do they need to have and how do they actually deploy a non-custodial smart wallet on your platform.. what will be the features of this non-custodial wallets and what do users stand to gain from deploying a non-custodial wallet on your platform..
It’s very surprising that Tacen doesn’t really have a token of its own. On the contrary, you guarantee full sovereignty of the users’ money. What is the economic model of this platform based on without a token? How do they generate incomes in a sustainable way?
Tacen has an hybrid-decentralized architecture, it combines a full advanced orderbook + decentralized settlement, but there’s another pillar on your ecosystem: SDOs, can you tell us the importance and the role it plays on the hybrid model and how can the users participate to make it more efficient?
By using the qualities of the decentralized and centralized market, possessing qualities of security, speed, cross-chain, smart wallets and DFINITY technology independent of the blockchain, they are different characteristics compared to other decentralized exchanges that I have known, in your opinion, Do you think they are qualities that bring well-being to the cryptographic ecosystem and improve the experience of each user?
Being an exchange without custody or obligations of Kyc, but with high qualities of security in the transactions and a network architecture that is based on oracles that run on internet computers independent of the blockchain, this is something totally new that very few projects have adopted it. So would you be willing to work more with blockchain-based scalability projects that can run smart contract dapps options and provide liquidity from different sources?
Among the team’s plans to become pioneers in the NFTs market, how are you working to achieve this goal? What are they focused on and what technology or blockchain will be used for this area of non-fungible tokens?
Despite all the functionalities they already have, Tacen also has a section for NFTs Exchange, can you tell us about your plans and partnerships to use your agnostic blockchain products and the legal-first approach in the world of NFTs?
On your platform all trades are done P2P with anonymity of each trader, in my experience many problems can arise from P2P exchanges and many times knowing the identity of the person behind the transaction helps to solve it, how does Tacen do to keep their movements transparent and secured at every moment?
I read a little about the architecture of Tacen and it is categorized as a hybrid architecture, some hybrid platforms make certain arrests or hold money from user funds and that is worrying, does Tacen hold user funds for a certain time or does the user have their funds at the moment they need it?
I have done multiple p2p negotiations every month and although it is an easy and fast negotiation, I do not like the fact that my data is not anonymous, How does Tacen handle the p2p system regarding the anonymity of each merchant and what concept do they use about anonymity?
SEC regulations are one of the only regulations that users accept but it is for the fact of taking care of the funds of scam users, and when I see that a platform is regulated by the SEC it generates a little more confidence in me. Is the architecture designed in a way that can comply with SEC regulations? Is Tacen regulated by any organization?
Can you please explain Hybrid-Decentralized Architecture,
Full Advanced Orderbook and Decentralized Settlement
In your article you wrote that you see immense opportunities in tokenized real assets, virtual assets and more and that Tacen is already in advanced talks with several NFT projects to connect our technology and ecosystem. Can you tell us of the NFT projects you are in advance talk with and how this collaboration will grow Tacen.
In your article you wrote that you see immense opportunities in tokenized real assets, virtual assets and more and that Tacen is already in advanced talks with several NFT projects to connect our technology and ecosystem. Can you tell us of the NFT projects you are in advance talk with and how this collaboration will grow Tacen. the capability to freeze or confiscate funds ever. Traders will be able to begin trading by merely going to our website and connecting their wallets.
You say that your smart contracts are subjected to rigorous audits in order to generate trust in the user, but when was the last time you audited your contracts and how does custody work within your portfolios?
Tacen notes that his platform is independent of the blockchain, instead it is based on a decentralized network of oracles, Why is it better not to depend on a chain of blocks and what are the benefits of migrating the bases of a platform to a network of oracles?
There are platforms that have a very bad order management and the privacy of liquidation leaves much to be desired, but Tacen says that one of the best of both areas, How does order management performance work within Tacer and how do you guarantee good settlement privacy?
The speeds that Tacen offers for its users in terms of sales and purchases are 5-6 ms, this is really good, what did they do or what mechanism did they use to reach these high speed limits and what records have they obtained in terms of the speed of purchases or sales?
Tacen says in one of the sections of his website that their smart contracts have the characteristic of not being “Updatable”, and they point out this as an advantage, why is it better to have non-updateable smart contracts than others than if they are updateable? What happens if they detect a new error in a contract?
The Tacen platform offers a global liquidity fund but at the same time it says that Tacen does not have money in any way, I do not understand … how is the fact that they have no money related but if they have a global liquidity fund? How does Tacen handle both concepts?
How fast will transactions take place?
Will the trader, limit orders, stop loss orders include leverage trading? If so, how can we use it?
Will TACEN be multi-chain? So, what blockchains are supported besides ETH? And how does Tacen plan to outpace its competitors What is your biggest goal in 2021?
Do we need to enter our credentials to use Tacen? Can we trade without KYC? How is our information secured?
Your main target is to bridge the gap between speed And security because centralized crypto exchanges are too risky to trust and on the other hand, decentralized exchanges are too slow. How do you plan to be fast and make sure our details are extremely secure even though we go through KYC.
The first word we can read to your website is that “Tacen does NOT have token.” As NOT is written capitally,I supposed you really have no plan to launch your own token but why decided this way to not launch your own native token in Tacen? Is there any chance that your platform will launch token in the future if ever? If launching of token is not your priority, what important aspect of a network that your platform working and focusing on that will help Tacen more progressive and develops? Thank you
As clearly stated on Tacen’s official website “Tacen never holds user funds. All trades are done P2P while maintaining the anonymity of each trader”. However, even with such guarantees as evident from most traditional P2P channels and exchanges, there is the probability of crooks and scammers looking to exploit on such environment. Therefore, I specifically like to know, what measures or tech would Tacen employ to discourage such persons from even gaining access to your system, considering that security checks like KYCs aren’t conducted?
Tacen has an amazing line up of partners and funding sources which clearly shows the commitment and transparency of the P2P system been built. Apart from these institutions and projects providing funding and partnership agreements, are there avenues for private investors and individuals to provide funding and liquidity to Tacen, and if there are, how can one obviously partake in it?
Trading on a centralized exchange can be extremely dangerous that is why Tacen are building a non-custodial solution. Can you tell us more about the non-custodial solution your platform is building? How it will bring a better impacts to trader and to users of your platform? How it will give a new outlook of traders towards centralized exchange? Thank you
Hi Tacen!
I read that Tacen is already in advanced talks with several NFT projects and plans to connect Tacen technology with the NFT ecosystem. Please tell us more about these plans, how will you integrate NFT into an exchange platform? Do you plan to open your own NFT marketplace? Thank you!
Hi Tacen!
Tacen is SEC, FinCEN, and CFTC regulations compliant yet does not require KYC. How did you achieve this seemingly impossible task? Is it because you are working directly with user wallets and do not require personal information? How does this system comply with the anti money laundering laws? Thank you!
Hi Tacen!
Tacen provides a fast centralized order matching engine and decentralized P2P settlements. Since you do not hold users’ funds I wonder how the system guarantees that the P2P settlement will take place in a timely manner. What happens if the price of the traded assets fluctuated significantly before settlement took place? Thank you!
⭕Suppose we participated in your Project, What to do if there is any confusion during stay in the project? And how will you help us?
Tacen doesnt have any roadmap ready yet and your own token. Is there anything related to your own token and roadmap so that your roadmap is in delay? what are the secrets
Every project will need support from community and i believe its same with Tacen Project. What is your strategy to attract new user into your community and what is your plan to make your community growing big? Do you have event for your community, ex airdrop event?
I read that your project promise will give fast order matching from an advanced centralized order book. So how do you convinced trader that there are no order book manipulation from your system? How did you guarantee your platform is safe for trading?
I read that Tacen Project is building a non custodial solution because trading on a centralized exchange can be extremely dangerous, for example hack issue that happen to few exchange last year. So can you explain what is this non custodial solution? And how does it work? How its able guarantee user’s fund is safe?