We are pleased to announce our next AMA on February 24th, 2022 at 01:00 PM UTC Time: Satoshi Club x OVAL Exchange
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join OVAL Exchange Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. OVAL Exchange Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about OVAL Exchange
For more details:
OVAL Exchange Website – oval.exchange
OVAL Exchange Telegram – @OvalGlobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
From your website, i understand that the OVAL token (ERC20) is issued in Ethereum blockchain with intention to use in three field:- Decentralised Exchange, Vacancy placement portal and OVAL minor jobs platform. I’m curious to know, can you please tell us what made you chose to work with the Ethereum blockchain which has high gas fees compared to other Blockchain technologies? Lastly, you mentioned that the Oval token will be issued in Ethereum blockchain with intentions to use in these above mentioned fields,can you elaborate abit more on each of these fields and which of them above is more beneficial to users of the oval token?
From your website, i read that in the OVAL community,you are creating your:-Own ERC20 token,Decentralised Exchange,Vacancy placement portal and OVAL minor jobs platform. Can you elaborate more on the steps and processes you’ll take in creating these features and what are your aims for creating the features? how will these features be as benefits to the users of the Oval token? Specifically, what will be the value of your own ERC20 token in USDT when have created it?Thank you.
Talking about the technical point of view of OVAL exchange focusing mainly on unlimited liquidity mechanism. I noted that OVAL has a market making aggregator transaction mechanism in the field and guarantees liquidity and provides the best possible transaction price, can you elaborate more on Marketing Maker Aggregator transaction mechanism and how it works to guarantee liquidity and at the same time provides the best possible transaction price?
Most Exchanges Prefer to use the trading mining model and then buy back the platform coins through fees however this model generally does not survive for long and will soon decline hence OVAL will implement an innovation on this existing model to protect the price of the token and the deflation mechanism to achieve long-term development. Can you elaborate on the innovation which OVAL aims to implement into the existing model to protect price of tokens? Can you share on how this innovation will work to protect the price of $OVAL token and propotionally cause price appreciation?
During one of your AMA session, Owen, the founder of OVAL Exchange said OVAL wants to bring the benefits to more people who want to trade anonymously and also reduce the drawbacks of centralized exchanges manipulating market prices. Can you explain more on the Anonymous trading mentioned here? Does this mean that traders won’t be required to summit any of their person information before being allowed to trade on OVAL exchange? Don’t you think this will create a huge chance and platform for scammers to use OVAL exchange? Can you explain on the mechanisms in OVAL exchange to protect it from Market Price Manipulation from Hackers?
One of the numerous features of OVAL EXCHANGE is Cross collateral, I personally have very little knowledge of meaning of Cross Collateral and also With so many users not familiar with concept of cross collateral. can you elaborate on the Concept of “Cross collateral”? Can you explain on the cross-collateral model adopted by OVAL Exchange and how it works? What are the Pro’s and con’s which the adoption of Cross-collateral will bring to OVAL EXCHANGE?
In the context of the world’s tightening regulation, more and more people want to trade through DEXs to reduce the restrictions of exchange regulations and laws, so there are also a number of burgeoning DEXs, such as Uniswap , Pancakeswap, DYDX, etc However, at present, these platforms still have many drawbacks, such as the products are too unique, the Swap platform can only trade, the contract platforms can only make contracts. What are the products offered by OvalExchange? Does the OvalExchange platform support DeFi, spot and contracts like a DEX? Have they changed the version of the white paper? How mature do you consider the OVAL project? What are the characteristics that make it look that way?
The current DEX leader is undoubtedly DYDX, and it seems that OVAL’s ambition is to break DYDX’s first weakness, namely high on-chain fees. This is also one of the visions for the founding of OVAL. Owen, the founder of OVAL Exchange, said in an AMA community that OVAL wants to bring the benefits to more people who want to trade anonymously, could you describe what are those benefits anonymous traders will receive? What does OVAL apply to reduce the drawbacks of exchanges that currently manipulate the market? What is the idea that OVAL will implement and what are the most outstanding aspects?
Through the introduction of the official website, OVAL is a decentralized trading platform built on the BSC network, mainly focusing on transactions on the BSC network, dedicated to reducing the high fees of the ERC20 network, providing aggregated transactions within and off the chain. through the DEX order book model, and later it also intends to make deposits, withdrawals and cross-chain transactions. Recently, a DEX platform called OVAL was launched, which attracted the attention of many people in the world of cryptocurrencies. The new generation derivatives exchange OVAL is launched, because it is said that it can surpass DYDX to become the DEX leader? What strategies will OvalExchange implement to surpass itself as an exchange? What are the features that OVAL presents that makes it stand out and makes a difference from existing exchanges?
The first version of the OVAL white paper has said that it will do DeFi and spot trading, including margin trading and lending. There is no doubt that the technical level of OVAL is very high from this point of view. Since the entire team has decided to remain anonymous in order to realize the original intent of DEX, we have no way of knowing what country and background the technical staff at OVAL come from. How could they deduce that it is a reliable project? What are the transaction fees that OvalExchange implements? Is the liquidity of the order book inferior compared to various exchanges? What recommendations do you give to users so that they can enjoy the benefits of the platform?
I found out that there is an ongoing promotional event which is the “Retroactive Mining Rewards Airdrop Program” which started on the 18th of February with a reward pool of 100,000 $OVAL per day till the end of this event. Can you give more details about this ongoing event? When will it come to an end? How can interested users participate in this event? What are the requirements that interested users must meet to be eligible to participate in this event? How many participants/winners will get a share of the 100,000 $OVAL daily reward pool?
“OVAL, a decentralized derivatives exchange, is currently online with the BSC development ecology and will gradually complete the cross-chain ecology to become a leader in the field of decentralized derivatives”. Can you give more information about the distinctive features of OVAL that will enable it become a leader in the field of decentralized derivatives? What are the main benefits/advantages that users will enjoy as a result of using OVAL over other top decentralized derivatives exchanges that are currently available in the market? Can you also explain the process that is followed before a token is listed on OVAL?
Just some few moments ago you announced the staking development is almost done and you are very close to official launching with up to 2,000% Stake on OVAL. This is a great development. So please can you explain your staking mechanism to us? How much is the minimum time for which we can stake? Can we choose to unstake any time? Do you have staking options like the higher the tier one stake the better the reward? Some projects offer staking reward with a reward token instead of the native token,what about OVAL Exchange? What benefits will users who stake the OVAL token receive?
You recently announced that the development of your staking platform is almost complete and you are very close to the official launch with up to 2000% APR staking. Can you give a sneak peek about your upcoming staking feature? Will the 2000% APR be fixed or will it vary depending on some market factors? What is the minimum amount of $OVAL users will be able to stake? How long will users have to stake their $OVAL tokens before they can be able to withdraw their yield? Will users earn their yield in $OVAL tokens or another currency? Can you give an exact date on when users can expect the launch of the OVAL staking platform?
As per your tokenomics, from a total of 10,000,000,000 OVAL, you allocated 80% to community which stands as the highest allocation with fraction of 5%,10%,25%,5% for marketing and partnership, treasury and developers, staking rewards and IFO. 80% from the total supply is such a huge amount, can you tell us the reason why such a huge amount is allocated to the community? What funds from this allocation serve? What community engagement have you prepared for the community? I noticed there is no allocation for the team members, pre-sale and public sale, why is it so?
Hello Team OVAL- I understand your Token is the Crypto coin generated by OVAL exchange with huge Airdrops of OVAL TOKENs schedule to be distributed to the community of Crypto, social media and Bitcoin talk forum users too. What is your criteria for eligibility for the Airdrops? What is the structures distribution of your tokenomic? Could you tell us about your audit contract in view of the fact that safe investors investment is Paramount, have your project been successfully audited ? If yes, may well know the company that audited your project? when should we enthusiasts expect your Airdrops to go live and when are you listing? Finally, could you please take through your your Roadmap? Thanks
Staking is one way users earn Passive income for their investments and I notice from your website that soon OVAL will be implementing staking features on its platform,but when I access your roadmap for 2022 I notice that you didn’t specify when staking will commence.So does that mean Staking won’t start this year?But if it will be part of what you will release this year,with the Proof of Staking (PoS) algorithm how will staking process work on OVAL platform?What will be the benefits of staking in your platform?Have you determine the minimum/maximum amount of $OVAL users are stake along with the annual return % earned of what to they stake?Staking usually have its drawback, during a bearish run,what do you have to say on that? Please explain Thanks
From your roadmap, I discovered that in the Q1 of this year, Oval V1 Launch will take place. And this will allow the opportunity where they can trade perpetual contracts in Oval Protocol V1 at Binance Smart Chain. I’m really looking forward to this and I don’t know if it’s been launched already or the launching will take place soon. But I’m quite attracted to this trading contract. How will this perpetual contract run and what are the requirements needed to take part in it? As a future trader, I would also like to if this is kind off similar to the traditional leverage trading. What Leverage token will be needed to participate in this contract? In what token will rewards in form of profit be distributed?
While going through your roadmap, I got to understand that you plan on achieving some unique features this year and I’m really glad to have seen this project at this early stage of it’s development. From your roadmap, starting with Q1 through Q4 2022 I discovered you planned on integrating and launching your project on many different blockchain (Network) with some new features along. Firstly, Q1 you plan on integrating Perceptual contract on Binance Smart Chain BSC. In Q2, you plan on supporting Ethereum network chain. Q3 you also planned on integrating the Polygon Network and lastly Q4 you plan on supporting Avalanche Network.. wow.. this is amazing as you have great plans on being a Multi-chain Project. I would like to know why you’ve chosen to integrate on each of these special blockchains and why have you chosen to support each at the various specific quarter of the year as stated above? How do you think this will be of benefit to Oval Exchange and make the project more user friendly? Are there plans to incorporate on any other network aside the ones listed on your roadmap?
I was going through a previous QnA session that was conducted on your platform recently when I came across this question that was asked by one of the user. The question was related to investment that “What is Oval Exchange’s strategy to attract new Investor owners to your platform & retain them in the long term” I was really carried away on seeing the question as a long term investor that I’m. The reply you gave was that you’re focusing on just Binance Smart Chain for now and that with BSC you can achieve lots investors into your platform. But recently, the issue of security have played a big role in ensuring how investors relate with many projects. As BSC is centralized, it is vulnerable to hacking and more than half of assaults, as well as system failures, as network validators must be validated by Binance’s internal staff. How do you think this will bring and attract long term investors to your project? What other properties do you plan on implementing to attract investors aside this? How secured is the assets of investors who have chosen to invest in your platform?
I want to asked just this simple question,Is OVAL platform a Regulated Exchange platform for it to be more safer due to it regulations?And do you also publish information about all major trades in a day?How about preventing the few big participants(Whales) from taking advantage of the market in their favor as Derivative Exchange?Can you tell us how secure is OVAL platform, what majors have you put in place to keep users funds safe?Please explain Thanks
OVAL’s mission is to provide users with decentralized,open and fair derivative trading.So will the derivatives trading you will offer on your platform consist of Option and Future Trading with a standardized contract?If yes,with the aid of the contracts,will the exchange determines an expiration date, settlement process, and lot size, and specifically states the underlying instruments on which the derivatives can be created?What are the few currency pairs for trading will you offer users?Do you also have plan of offering traders Real Estate Derivatives on OVAL?Please explain Thanks
Staking is one of the strategies to attract users and retain them in the long term that nowadays is being widely used by projects, I understand that OVAL Exchange has plans to add Staking to their platform, so, could you give us a little preview of how Staking works in #OVALExchange, how much will be the highest APR % they will offer and what requirements will users have to meet to access it?
Following up on your latest developments on your Social Media Channels, i encountered a Post on twitter which stated that Staking development is almost done and that you are very close to the official launch with up to 2000% staking on #OVAL. Thats a really great one for your platform and the entire Oval Community, as these Development is ongoing, I’m sure that many users would also be anticipating on this 2000% APR, please i would really like to know when this development phase is going to be completed, when are we to expect these Breakthrough in Oval? Are there any other Plans of introducing new Mind blowing features in oval in the nearest Future? Thank you
Could you please tell us, what is the vision for the future and how do you think OVAL Exchange will perform, share the achievements you have obtained so far and according to these tell us, if you think OVAL Exchange is a long term sustainable project and take the opportunity to share your roadmap and tell us what objectives you are working on right now?
OVAL, a decentralized derivatives exchange, is currently online with the BSC development ecology and will gradually complete the cross-chain ecology to become a leader in the field of decentralized derivatives. Why have you decided on Binance Smart Chain (BSC)? Considering that there are too many projects that don’t meet up to demands of investors and new users, What are your marketing strategies to attract new users and Investor to Your platform and maintain them for a long term? What security system does Oval Exchange to prevent Fraudster and scammers? Can you tell us about your security mechanism put in place to ensure user assets are not targeted by hackers? Lastly can you share with us the attractive and unique features in Oval exchanges? What are the vision and goals of your project that you want to achieve this year 2022 and beyond? Thank you
Hello, Oval Team! I have been passing through your roadmap and I have noticed that by the end of 2022 you target to add Polygon and Avalanche networks reaching 50+ trading pairs online. You are also mentioning to be adding a cross-network bridges, however there is not much information available if the bridges have already been tested and work properly. Could tell us more about it? Besides of that, please also explain the fees applied foк cross-chained operations. Will they be higher once customers use it in complicated and long buy/sell models through multiple chains? Thanks!
Hello, Oval Team! Oval is also offering a staking program where 25% of token allocation amount are dedicated. However, neither your website, nor your whitepaper do not provide any more information on how the program will work, what advantages will staking provide to community members, how the unstaking works or any other potential benefits related to staking. Please talk more about it. Thanks!
I read that Oval Exchange Will Officially Start Retroactive Mining Rewards Airdrop Program and the Promotion Period: 18th Feb 2022 – 18th Mar 2022. Can you please highlight more on the Rewards Airdrop program? How can users participate in the program? What will be the requirements to qualify for the $OVAL airdrop? When and how will the winners be announced? And how long will it take for the rewards to be distributed ?
I Understand that Oval exchange is the Next-Geneneration Cross-Chain Decentralized Exchange. It is a tool that allowed for real #DeFi, derivative trading, composability, and openness in the blockchain ecosystem. What is the Development of Your Project regarding NFTs? Please tell me How can I join your presale or IDO? Also can you highlight more on the Taker and Maker Fee of your Platform? How does a user become a taker and a Market Maker?
OVAL will support USDT/BUSD=1:1 cross collateral model,which requires two kinds of contracts,BTC/USDT and BTC/BUSD.What major advantage does having a cross collateral model have on OVAL?It is said that the liquidity of OVAL is expected to be further enhanced after this model goes live.Is this model live already? If not, when are we expecting it? Can you tell us the use cases of this model?
You also said BTC,ETH,BNB, etc will also be used directly as cross collateral, which is also one of the key features of the platform.In what quarter of the year will this be implemented?
What are the huge airdrops promoted by your platform, is it a reality or are they marketing strategies, tell us about the three fields in which you intend to use your token, what strategies will you apply to spread your token in the world, can you describe your current economic model and tell us about your ability and flexibility to respond to market volatility?
Specifically, for how long can we invest in the OVAL token, what are the main functionalities and characteristics that can make your platform the most secure, profitable and flexible option on the market, how do you plan to attract investors to your platform despite the high costs of your parent string?
Hello team OVAL,
It was recently announced that your staking development is almost done, and soon it’ll be launched officially with 2,000% stake on OVAL.This will be a major milestone for OVAL and I can feel the excitement.Since it’s a new phase for users in OVAL can you kindly explain to us How your Staking program works? What’s the duration in which we can stake and harvest our OVAL tokens?Did you set any limits as to the number of OVAL tokens to be staked?Are there different types of staking pool on OVAL that users can select from? What will those who stake OVAL token stand to gain? would there be a reward package?
Tell us about the OVAL community, its participation and responsibility in the evolution of the ecosystem, what is the real essence of OVAL, how can we participate in its airdrops, how does the DAO system work, what are your expectations and milestones for 2022?
I heard that OVAL Exchange will offer an APR of 2000.99% for $OVAL staking. APR is too much. Is it true? If yes, please share more information with us regarding the upcoming $OVAL staking program? However, How will you manage to offer such a high APR, Will it be deceased automatically with the increment of the users & Staking pool fund? By the way Tell us, What will be the minimum amount of $OVAL tokens that we can stake? What about the locking periods & Harvesting schedule? Can users unstake their $OVAL tokens since high APRs are always too risky?
Today’s crypto world is a place good and bad mixed together and at such users data could be tampered with.Although Oval is a relatively mature project.
When it comes to security of your platform ,can you tell us a bit of OVAL security ?Does your platform support privacy pass?Are user’s data stored for long term?How do you guarantee users that their data and transactions are stored safe and can’t be tampered with by spammers?
Currently OVAL Exchange live on Binance Smart Chain network & It has $258 million 24 hours trading volume. When will you support other chains Such as Ethereum, Solana, Polygon, Fantom etc…? Migrating to other chains with low fees, Higher transaction speed will lead to higher trading volume & give a hype on $OVAL token. So Do you have a plan to integrate a Cross chain interoperability with low fees & high transaction speed? Please Tell us more about the upcoming Cross chain integration in OVAL Exchange ecosystem?
At the moment, Lot of Exchanges are appear in the crypto space. But many of them fail due to lack of liquidity, Low transaction speed, inadequate technical tools to analyze & rules like KYC compulsion. How do you mitigate these common obstacles & become a one of the top exchange in crypto market? And please tell me How will the OVAL Exchange facilitate traders including Day traders & Future traders, Will there be Technical analysis tools like Candlestick charts, Drawing tools, Time intervals? When will you appear on Tradingview platform So that Traders can analyze the assets before trading? By the way I noticed, Your version is only for PCs currently. When will you release a mobile version for tradings like a App?
Hello Oval Exchange team. You recently mentioned that staking development is almost done and you are very close to the official launch with up to 2000% staking on $OVAL. That’s awesome. Many of us are waiting for that release. Without a doubt, that percentage immediately caught my attention. I have some doubts about it, will that percentage be maintained only for a limited time after the launch? Will that percentage gradually decrease? Do you think it is possible to sustain OVAL’s economy by offering such a high percentage? What are the requirements to start staking after launch? Thank you!
Among the strengths of Oval Exchange is the compatibility with multiple chains, including Solana, Polygon, fantom and others, I would like to know if it is a materialized fact or should we wait to be able to make transactions with other chains apart from Binance Smart Chain? What benefits will the incorporation of all these chains have for the platform?
Some crucial information such as the staking system and trade rewards are not yet visible in your documents, could you give us an overview of the benefits for the most contributing users with these features? How often can profits be withdrawn and how will the commission system around them be handled?
Does Oval have actually unlimited liquidity?What makes your aggregator transaction mechanism the best? How do you guarantee this liquidity?
OVAL is committed to provide anonymous, open and fair transactions. what is your criteria to list tokens? how will you detect the scam tokens? how is Oval in terms of security?
I read Oval are now live on Binance Smart Chain,but in the future is there a planto incorporate other blockchains such asr Ethereum, Solana, Avalanche, Polygon and more?
Is there a reason why you decide to use a mechanism of Layer 2? what are the benefits for users?
What features of Oval Exchange are radically necessary in the world of derivative trading that other Exchanges do not have? Could you tell us how what you are trying to build compares to what is already on the market? Please tell us why we should invest our funds with you.
It says in your tokenomics that most of Oval’s allocation will go to the community, 80%, but for what purpose? Could you explain the rewards model, who benefits and how often will the user’s earnings parameters be modified? Will there be a DAO system that regulates all these functions?
It’s no more news that Decentralized exchanges within the crypto community has far surpass the credibility of the centralized exchanges in everyway. But since Oval Exchanges believes that the development direction of their Decentralized Exchange is to establish a decentralized derivaties exchange that can meet the needs of traders in all aspects and meet the needs of cross-chain Defi etc. So that the industry can develop in a more fair way… I want to ask Oval exchange team. what do you mean by meeting the needs of traders in all aspect? do you think you can meet the needs of traders in all aspect(because the needs of man is unlimited)? and do you think DEX has not completely surpassed CEX? If yes, in what ways? and how do you intend establishing a DEX platform that will completely surpass CEX?
OVAL is a decentralized derivatives platform that supports the Cross Collateral function, it will be implemented on the BSC network, so the fee has a natural advantage over DYDX, compared to the cost of 100 USDT of a deposit and withdrawal in DYDX, they are at most 2 USDT to achieve deposit and withdrawal all steps in OVAL, which is important for people who change exchanges frequently. What is the main characteristic that would successfully position OVAL in potential markets and what are your plans for 2022?
OVAL, is a decentralized derivatives exchange, which is in line with the development ecology of BSC and will gradually complete the cross-chain ecology to become a leader in the field, guaranteeing liquidity and providing the best possible transaction price, all Trades will be performed in aggregate based on the real-time index price. So, what security strategies does OVAL have to achieve a real and distrustful decentralization of assets?
While accessing the Oval Exchange platform with my device, it was seriously lagging and considering the fact that the crypto market is very volatile, it is essential that one needs a device that can access the platform smoothly and efficiently. So can you give us the specifications of devices (whether smart phones or PC’s) that can be used to access the full qualities of Oval exchange? Further more, I noticed that only USDT pairs are currently availability on the platform. Will oval have more diverse trading pairs in time to come? I would like to register and have a feel oval exchange, what do I need to get started? What KYC process will I go through? Is there provisions for P2P trading on the platform because I cannot use banking institutions in my country. Thanks
On your medium, I read that there will 10billion supply of OVAL tokens in total and the allocations is as follows; 80% for community, 10% for developers and vaults, 10% for marketing and KOL. Clearly, Oval Exchange focuses more on it’s community and that is a very interesting fact because the community is the heart of every project. Can you explain to us, in what various channels/ways will the community receive the oval tokens? How will your community rewards system work in rewarding very dedicated community members? What measures does Oval Exchange have in place to balance the supply and demand of the token and create an optimum market condition so as to avoid inflation of the token? Will there be any forms of burn/buyback mechanisms? Please explain your deflationary mechanisms, thanks!
One of the advantages in using Oval Exchange is that you are offering zero fees in which you choose Binance Smart Chain to avoid excessive transaction fees and with proper use on mechanism of Layer 2, you have eliminated the needs to pay on-chain fees for every transaction. So,if you will not charge for every transaction,how would you earn revenue from any transactions in your platform?Could you tell us some of the ways that your platform make money to sustain the stability of your network? Is there any hidden charges behind this zero fee or it is purely zero fee? Does this zero fees is open for any transactions like withdrawal or transfer and is this zero fee is good for long term,? Lastly,what are the advantages of using layer 2 in your platform? Thank you
The centralized structure of Exchange wallets has made it a major target for hackers and scammers and in most cases, newbies tends to fall victim. With security being of Paramount importance in the Crypto space, How will you convince our community that your exchange is safe and reliable? What measures have you put in place to ensure Maximum security of user’s assets on your platform? As a user, what is the registration process that I will go through on the Oval Exchange platform? Any forms of KYC’s required? What channel(s) is available for the deposit and withdrawal of funds and how many fiat currencies will be supported?
What motivated you to start this project and can you list 3 killer features of your project that make it ahead of competitors? What are the competitive advantages that you feel most confident about?