We are pleased to announce our next AMA on May 6th, 2022 at 03:00 PM UTC Time: Satoshi Club x DEXILON
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DEXILON Telegram channel
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DEXILON Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DEXILON
For more details:
DEXILON Website – dexilon.io
DEXILON Telegram – @dexilonio_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
We learnt in Economics that every project out there has its SWOT (strength, weakness, opportunity, and threat)
For this project, what do you consider to be its strengths?
What are the inevitable weaknesses attached to this project and how do you intend to minimize them?
What opportunities do you think you have running this project when compared with other projects?
What do you consider to be the greatest threat of this project?
On the scale of 1-10, can you rate your success potentials
The team of sheep that’s being led by a Lion will always defeat the team of Lions led by a sheep.
As an investor, I’m greatly interested in the track record of the Developer than in his promises in the now and for the future. When the past is known, the future can be predicted.
This is my question:
Can you tell us about your past achievements and some of the successes you’ve recorded within and outside the Crypto space?
Thank you!
According to your roadmap , this May is your testnet launch. While Q3 you will be having the mainnet V1 and Q4 the mainnet V2. Has the testnet already been done or is it still open? Is the testnet activities open to users or is it meant for the developers only? If users can participate in the testnet, what features are users going to test? Are there incentives or rewards for participants of your testnet activity? Can you also tell us why you choose to have Mainnet V2?
DexiLoN as a decentralized perpetual swap contract that provide efficiencies as funding rates combined with rebates incentive arbitrage, and on-chain limit order book which Run on dedicated Blockchain and able to perform large number of TPS without the risk of congestion as well as liquidity incentives which Trading fees are redistributed between “TAKERS” & “MARKET MAKERS” .. Could you explain to us who are the “TAKERS” and what per cent or ratio of redistributed trading fees is accruable to “TAKERS” ? What makes DexiLoN decentralized perpetual swap contract way different and Top Notch better than others before it ? Lastly, where can we download your App from and what versions of the App is ready to the public now?
DexiLoN decentralized perpetual swap – I have tried joining your discord community channel but your system keeps saying the invite link has expired amongst other things, so how may I be able to join your discord channel ? Could you please drop your social media handles so we enthusiasts can join your esteemed community as well as benefit from what ever DexiLoN decentralized perpetual swap has to offer?
I learnt that Dexilon is the first DEX that is run on a limit order book powered by the native blockchain.A limit order is a type of order to buy or sell a security at a specific price or better. Can you explain how the limit order book is executed on the native Blockchain of Dexilon? What are the information that can be found in the limit order book? What advantage does it offer traders on Dexilon decentralized exchange? Lastly, What is the model of limit order book that will be adopted on the Dexilon DEX?
Decentralized perpetual swap contracts provide efficiencies as funding rates combined with rebates incentives arbitrage. Can you tell us more on leveraged a user can access on the Dexilon DEX? Can you provide information on your lending and staking services? Can you elaborate on the APY of the contract?
One of the first things users look out for before investing in a project is security. How long it will survive in the market, profits users stand to achieve while investing and things of that sort. So I would like to know, what are your security mechanisms? How secure is Dexilon? How do you ensure users assets are safe and secured from any form of loss? Have you audited with any law firm?
I understand that Dexilon is a new decentralized exchange to trade perpetual swaps. I would like to know the features that makes Dexilon unique and different from other exchange platforms? What advantages does Dexilon have over other decentralized exchange platforms? As an investor that plans to invest for a long term, what are the reasons I should choose to invest in Dexilon? What features do you think you have that will ensure that Dexilon maintain its value even on long term? What are the benefits investors stand to gain for investing in Dexilon? And what are the strategies you’ve implemented to see that users make profit from your platform?
Hello Dexlion Team
Dexlion most most prominent features are:
(1). Decentralized Perpetual Swap contracts
(2). Decentralized Order Book
(3)Transparent and Auditable Risk Management
(4). Decentralized Data Oracles
(5). Extra-low fees.
Can you please give detailed explanations on how each of this features functions in Dexlion? Furtheore, I read in your whitepaper that, Once a user has his/her account verified, he or she is free to buy/sell/trade in a completely decentralized fashion. Well this automatically means that there is a verification process being done by your platform for it’s users?, can you please state the requirements for this verification process to be completed? How long does it take to get verified? Thanks.
Hello Dexilon Team
I learnt that Decentralized is the first DEX that is run on a limit order book powered by the native blockchain, and it is also to trade Perpetual Swaps. Well with the little Knowledge I have on Perpetual swaps, I heard that it offers traders a chance to take on large positions in a cryptocurrency with little money down. This opportunity to win big on small movements tends to entice a lot of people to use them, but with such big rewards come a likewise enormous amount of risk. So Can you tell us more on how this Perpetual Swaps works In your ecosystem? Is there a guide for novice like us to relate with I. Other for us to also participate In this opportunity? I hope you have room for beginners In your ecosystem?
Thanks
Dexilon you said you are a DAO, democratically managed by the community in a trustless and verifiable way. It is true community centered projects has proven to be more successful in the Crypto than projects where only the developers are in control. Can you please tell us how Dexilon is managed by the community? What decisions about the project are made by the community? How can we participate in decision making about the affairs of the project? Are there any mutual benefit for this community? Please explain how your DAO is structured?
What opportunities do you think you have handling this project when compared with other projects?
VIS is ENVISION’s fungible ERC20 cryptocurrency utility token to be used within the ENVISION ecosystem
Why did you decide it should be used only on the evision ecosystem
Its very nice for Dexilon to build Web 3.0 DEX as we know the nature of Web 3.0 is permissionless. But I got attention that Dexilon is created by traders for traders. So, Could you tell us about your team’s developer on Dexilon ? Who will be responsible if some bugs or issues happen on Dexilon ? With over permissionless, Do you think Dexilon cannot be abandonded by the community ? About on chain limit order book, May I know what network chain that supported on every transaction in Dexilon ?
Hello Dexilon team!
I discovered that Dexilon is compatible with Metamask and the Binance Chain Wallet, and that we can deposit funds by signing a transaction. So, do you plan to add other wallets to access Dexilon in the future, including Trust wallet? Users will be able to deposit USDT and USDC, which as I understand. Will you, however, consider adding more currency to your platform? And will there be more trading pairs added in the future?
Thank you
Dexilon Q3 2022 is your Mainnet V1, which is open to public trading under a hybrid model. Complete knowledge of derivatives trading. So, could you tell us more about this plan? Do you know when it will be released? Following that, you want to release Mainnet V2 in Q4. What features will you include in your Mainnet V2? What can we anticipate from the Mainnet? What are the advantages for users and traders?
In its roadmap, the launch of Testnet in a hybrid model with a centralized limit order book with settlement at Polygon is planned for May 2022. Can you explain why this will be a hybrid model and what benefits this approach will bring to your platform? As for the Polygon network, why have you decided to choose it for this purpose?
DEXILON offers high-performance decentralized derivatives by merging the experience of light-speed limit order book trading with decentralization. This is really fantastic and innovative. But in terms of the “traditional” trading protocols on DEX platforms like DEXILON, what changes have you made to these more basic aspects to improve the experience for high-profile traders and novice traders? Compared to other DEXs, what benefits does DEXILON provide?
I noticed in your roadmap that the Hybrid Model Testnet will be launched this month of May. I tried opening the DEMO command in your website, thinking it was a link to the Testnet, but nothing happened. Is it up and running already? What Testnet tokens will be used by the testers? Who are eligible to participate and what are the incentives that awaits for the Testers? Could users expect your Mainnet to go live after the very first round of testing or will there be more rounds of Testnet to come? Finally, please share the Testnet link.
I tried to navigate your website to find your white paper or light paper, but there appears to be no information available yet. Learning the White Paper is essential to clear the feeling of doubt among investors, because I believe this allows you to determine and evaluate the project’s business plan. Could you please share this file with us and can you also tell more about the DEXILON’s origins? Is there also any information when do you plan to launch the token presale, and what ticker name you have decided to use?
The team’s mission is to develop a completely decentralized peer-to-peer market in which users of all statuses compete on a fair system. What cryptocurrencies does the platform allow for P2P transactions, and do you plan to use both FIAT and CRYPTO? What security controls and solutions does DEXILON have built to protect user accounts and facilitate secure P2P market? How can the exchange platform, especially in P2P trading, be protected from fraudsters? Thank you!
Examining your roadmap, I found that your Testnet will be launched within this month. After the launch, can we comment about the Testnet? Are we allowed to report bugs or any other issues? Moreover, Mainnet V1 will be launched in the third quarter whereas V2 will be launched during the fourth quarter. What type of developments can we experience in Mainnet v2? Is it your final version?
One of your key features is “Transparent and Auditable Risk Management”. Please elaborate more on this feature. Although some platforms ensure about risk management techniques, they are not able to make them practical. Therefore, please clearly explain about your policies on risk management. How do you make it “Transparent”? What are the steps you have taken to make it “Auditable”? Finally, what type of benefits do users get from this risk management procedure in addition to minimizing financial losses?
As a fan of DEXILON, I know this is your FIRST EVER AMA. Please take this opportunity to explain the community about your “extra-low fees”. Some exchanges offer discounts when transactions are made with their own currencies. Do you offer a low fee for every transaction? Compared to the fee structures on similar exchanges, is your fee low as 1% or do you just offer discounts around 50%-75%? BTW, are these extra-low fees available to all users or should they have something like a premium membership?
Hi Dexilon team!
Some of the more popular DeFi derivative protocols including Synthetix, UMA, Hegic, Opyn, Perpetual, dYdX and BarnBridge. Some of these DeFi derivative protocols are still in the very early stages of their development. The risks associated with creating, buying and selling these derivatives is (so far) difficult to quantify. Can you tell us what Dexilon brings to the table for it’s users? What problems would you be solving? Is there a way that your platform educates it’s users on derivatives DEXs? I hope your platform is suitable for Beginners? Now Giving that derivatives DEXs have not taken off, how do you plan on changing that? What are the key features your platform offers to it’s users?
Hi Dexilon team
The digital asset derivatives market began to take shape in 2017. And In 2020, enthusiasts are witnessing a boom in derivatives trading within the crypto space, Yet, there were very few sufficient tools available to traders who wished to hedge against an overall market decline., in this note, giving that the Dexilion Protocol offers high-performance decentralized derivatives by merging the lightspeed limit order book trading experience with decentralization, can you tell us more about the tools and Features you have in place for traders using your platform?
How would you ensure that users in your community adopt proper use of your tools? I hope it is user-friendly for beginners?
Hi Dexilon Team.
I have been hearing of Decentralized Derivatives for a while now, but has never really put it into Practice, but giving the fact that Dexilion Protocol offers high performance decentralized derivatives by merging the lightspeed limit order book trading experience with decentralization. I would like to know if you have any kind of beginners guide to help beginners like us to fully comprehend how to make proper use of your tools to trade. If I want to sign up to start using your Services, where and how do I do that?
Currently, I am using some centralized and decentralized platforms for cryptocurrency trading. It caught my attention that you have introduced Dexilon as a golden standard platform for trading. When compared to other similar platforms, what kind of user experience is offered by Dexilon? Will it take weeks or months to get familiar with Dexilon? It is clear you have a low fee. In addition, what are the benefits I get from shifting to your platform?
Describing about platform charges, you have mentioned trading fee is low on Dexilon. It is advantageous from trader’s side. However, according to your explanation on liquidity incentives, trading fees are redistributed between takers and market makers. Since your trading fees are low, do takers and market makers get negligible incentives? Don’t they get any incentives in addition to trading fees?
According to your introduction, Dexilon is the first DEX that is run on a limit order book powered by the native blockchain. Please briefly explain about the advantages of running on a limit order book. Currently, we are facing huge market fluctuations. How does your platform fit for the prevailing condition? Will you work according to the roadmap to launch the Testnet or do you wait for some time until the market settles?
Dexilon clearly differentiates itself from competitors in the DEFI space by providing institutional-grade commercial execution features and precision mechanisms against sudden failure. What are Dexilon’s institutional grade commercial execution features? What are the stabilization mechanisms against sudden failures? How does Dexilon work with the most robust trading technologies to create a market maker’s paradise?
Dexilon Protocol is a decentralized exchange that offers a multitude of features that define us as a gold standard platform for trading. We offer high-yield decentralized derivatives by merging the lightspeed limit order book trading experience with decentralization. What are these important and prominent features that Dexilon offers? What are high yield decentralized derivatives? How do they work? What are its benefits?
the most outstanding characteristics of Dexilon are:
Decentralized Perpetual Swap Contracts
Decentralized order book
Transparent and auditable risk management
Decentralized Data Oracles
Extra low rates
Can you briefly explain each of the characteristics that make up Dexilon? What is the impact of each feature to attract users to the platform?
DexilonExchange is a next generation #decentralized trading hub that combines the best practices of centralized trading venues and #DeFi. By merging lightning-fast execution, low latency, and a deep liquidity environment with a permissionless, trustless DEFI state. What are the trading practices included within the Dexilon Exchange platform? What are the tools offered by Dexilon Exchange to users to achieve effective negotiations? Why should users conduct business within Dexilon Exchange?
Hello Dexilon Team!!!!!
Looking at your roadmap,I noticed that from Q4 2021 you did a minimum viable products (MVP)of what Dexilon offers in other to gauge users’ interest in the product and to attract feedback,not only that you also did some pre-seed rounds and no other development was made not until May 2022.So can you tell us your experience on the product you offer to users and how they react to them?What kind of feedbacks did you receive and how has it helped you to build a solid structure that will be used to times indefinite?And can you talk about the pre seed rounds and how will you rate the support you have received so far and from Q4 2021 to May 2022 are still engaging in some pre-seed rounds? Please explain Thanks
Hello Dexilon Team!!!!!
One of Dexilon features is On-chain Order Book,most on-chain order book allows users to execute orders directly with a smart contract while still enabling flexibility with pricing and order sizes.So how different is Dexilon order book when compare to a traditional order book?Will you let users transparently match their orders with one another on a “price-time-priority-basis”?Are the several several core functions of an order book, such as limit orders, bids, and offers still part of Dexilon order book and by creating an order book that is fully On-chain can you tell us the many benefits you have unlocked? Please explain Thanks
I will like you to talk about the accessibility of your exchange market.DEXILON is compatible with Metamask and Binance wallet,does that mean that apart from this 2 exchanges,other exchanges aren’t acceptable?Fees is another factor to consider in an exchange market.Are your fees fixed or its charged based on the price volatility?How are trading fees redistributed between takers and market makers? Explain Thanks.
I noticed from your roadmap Q4 2022,that there’ll be a public token sale. Can you tell us the date and how we can get on board? What’s will be the price of the tokens during the public sales? What’s the maximum amount of tokens that will be minted? Will it be based on a first come first serve basis? What measures will be implemented to prevent WHALES from taking over the sales? Explain Thanks
What is the best features on dexilon Exchange to attract more trader or how could we assured if we are safe on the dexilon platform? If the market is super volatile dexilon could compete other exchange with no down time ?
Due to market manipulations, market price on a futures exchange may deviate significantly from the spot price,resulting in a mass liquidation. Can you explain how dexilon reduces price discrepancy as well as protecting traders from malicious liquidation?
On your web page it says that Dexilon is the first DEX that is run on a limit order book powered by a native blockchain, i would like to know what benefits do runing the DEX like this have over the traditional methods used by other DEXs
Hey by watching your roadmap i noticed that by Q3 2022 you will launch the Mainnet V1, wich will be an Hybrid model open to public trading. but you guys will also launch a Mainnet V2 by Q4 of 2022, wich for me it seems a little odd, i would like to know what changes do you guys expect to implement from Q3 to Q4 into this Mainnet V2 and what can we expect about it.
Can you tell us the strategy you have to prevent Cyber attacks such as Hacking and also the security of your Exchange? We need to know this because we can’t predict what might later happen in the future due to different cases that might lead to hacking of an exchange.
I have learnt that the prominent features of DEXILON Exchange are decentralized perpetual swap contracts, decentralized order book, Extra low fees & Decentralized data oracles. Could you please elaborate more details regarding these features within the DEXILON ecosystem? In which manner will you incur a low fee in a transaction/trade? And also, data oracles are very important in exchanges since the trades are happening with real time data. So how about the DEXILON Oracle data in this matter? Will they be able to implement without any oracle manipulation? By the way please tell us about the Perpetual Swap contracts in DEXILON platform & How will it be worked accurately?
I think that the biggest news today comes from the Dexilon roadmap with the launch of testnet on Hybrid Model that is planned for May. Please explain what does the Hybrid Model meand and kindly reveal its potential for your customers. When do you expect to proceed to the Mainnet and what should the community expect during the transition period? Thanks!
The public Token Sale will take place in fourth quarter of 2022 according to the DEXILON Roadmap. Can you give us a sneak peek about this upcoming event in a nutshell? Many projects make KYC necessary to participate the token sales for their users. What about you in this case? Will you impose the KYC as a necessary step for the DEXILON Public Sale? However, How many tokens will there be, And what is the maximum tokens per user? Can you tell me the selling price of a token in Public token sale? Lastly, Please guide us how to participate the DEXILON public token sale?
As I could see, DEXILON has accompanied with some Venture Capital platforms such as FENBUSHI CAPITAL, LD CAPITAL, LIGHTSHIFT CAPITAL etc.. Firstly, Tell us the bond between the DEXILON & these VCs? Are they just investors for the DEXILON platform or Do they provide a considerable contribution behind the scene? What are they expecting from you after well established exchange within crypto space?However, I am pretty sure that You will collaborate with more VCs & Other Crypto platforms as well. Can you name some of them?
Dexilon states to be DAO with all traditional attributes of decentralized governance, however I have not found any additional details on how it works with your project. What the requirements to get voting rights within Dexilon? Are there any particular limits of acquiring/holding Dexilon token? Will DAO be launched in parralel with the platform launch and work simultaneously? Thanks!
Hello, DEXILON team! It’s great to have you here.
In my opinion, I would say CEX’s should die! The whole idea of blockchain was established with the aim of avoiding middlemen and as well execute transactions in a trustless manner. Sadly, Centralised exchanges (CEX’s) are clearly doing the direct opposite which is why I prefer decentralized exchanges. It is also no news that some decentralised exchanges (DEX’s) has some forms of centralisation. My Question: Is DEXILON fully decentralised? If No: what is DEXILON’s extent of centralisation? In getting started, are there any forms of verification required?
Hello, DEXILON team! It’s great to have you here.
Frankly speaking, I dislike CEX’s however they seem to keep booming. Decentralized derivatives trade volume represents 1% of what are the volumes on centralized exchanges (CEX’s). With the existence of about 5 products in the broader decentralized derivatives market, why is the volume ratio still so low? What is your take on this? Since DEXILON aims to improve the decentralised derivatives market, what is DEXILON’s approach to the market? Does DEXILON bring anything new to the table or are you building on an already existing tool/system/infrastructure? How do you aim to improve the decentralised derivatives trade volume? Briefly compare yourself with other derivative DEXs tagged to be flagships: how better is DEXILON?
Hello, DEXILON team! It’s great to have you here
One thing to put into consideration in DEX’s and blockchain at large is ‘throughput’ or rate of transaction success. Generally, the faster the exchange, the smaller the throughput. My Question: how will you create a balance between transaction speed and throughput on DEXILON? How effective will it be for a market maker to amend multiple requests to the order book and how will you ensure a deep liquidity? Kindly speak about DEXILON’s matching engine and how it works
The DEXILON team’s mission is to develop a truly decentralized p2p market, where users from all states compete on a fair and democratic basis. Could you mention some highlights of the team behind DEXILON? What in your background and experience has nurtured the platform to ensure its vision and future development? Knowing this is important to gain the trust of investors.
1. DEXILON is a next generation decentralized derivatives trading exchange platform that combines the best of DEFI and centralized trading venues. aims to cater to any crypto and non-crypto trader. How are DEXILON strategies designed to cater to any crypto and non-crypto trader of any degree of experience? And what associations are on your roadmap?
At present, most DEXs use an AMM and run on the Ethereum network. This model doesn’t scale well, as evidenced by the insanely high gas fees that users wind up having to pay. While an AMM can work just fine for trading coins with small market caps and lower overall trading volumes, the system suffers when trying to process large volumes or derivatives trades. What is DEXILON’s thought on this? How do you intend to solve this problem? Are you utilizing a Layer 2 protocol in solving the problems with high gases, speed and scalability?
Under the self custody and permissionless feature on your platform,it was indicated that, a user can lockup their funds on the smart constract.so does it support locking up of non fungible tokens for reward and other benefits.also what are the minimum and the miximum amount of fund that can be locked up on these platform
Can you please tell us more about your security aspects. because I discovered that you are having a kind of agreement known as the byzantine agreement. can you please tell us more about this agreement, and how would it be of importance to the network in terms of creating security. because as an investor,I will like to know more about the security of a platform which am to invest on.do you use cloud services, what will happen in terms of cloud failure if your network is using it.also in terms of network disconnection, what will be the faith of your investors.
According to your definition,you said dexon is a the latest distributed ledger technology that solves the problems of current blockchains of which i believe the problems of transaction is involved.anyone who understands blockcain and its different rules are fairly aware that, all projects and their blockchain have a different transaction speed.so on your platform,how long does it takes each token to get from one wallet to another what is the confirmation time and also the number of transactions which are carried out per seconds.and also how will it revolutionalize the blockchain market.
Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Many projects were closed in many countries due to failure to get proper license and permit to operate. In order to go mainstream how does dexiLon team deal with these issues? Are you a regulatory compliant project?
We know that there are many platforms competing to provide services & guarantees for mutual benefit between platforms, investors & users. So,what convinces each party that dexiLon will succeed in the future?What are the weaknesses of dexiLon and how do you improve them?
Hello Dexilon team.
Dexilon is the first DEX to run on a limit order book powered by the native blockchain. While researching your project, I read that price oracles will provide the real-time price of the asset to create an index of the underlying asset. Providing the real-time price of the asset is a very important issue. Can you explain how the price oracles will achieve this?
Thanks.
Hello Dexilon team.
Dexilon is the first DEX to run on a limit order book powered by the native blockchain. Which networks will Dexilon work with? Can you explain what it means to be powered by the native blockchain? What difference will supporting native blockchain make over existing DEXs?
Thanks.
Hello Dexilon team.
Dexilon is the first DEX to run on a limit order book powered by the native blockchain. I understand that you attach great importance to the decentralization, transparency and auditability of your project. Besides, you state that the project will be managed democratically by the community. Moreover, your roadmap includes a “Full DAO launch” target in Q1 of 2023. Why is community involvement in management important to you? In addition, could you explain on which subjects the community can participate in the management and how to ensure the participation of the community in the management?
Thanks.
A question always comes up in my mind: Can decentralised exchanges (DEXs) compete with centralised exchanges (CEXs)? Though CEX’s operations deviates from the main goal of blockchain which is decentralisation, they keep booming regardless. Why do you think CEXs have outperformed DEXs in recent times? What do you think about this? I believe DEXILON should have what it takes to address this issue? What is your proposed solution in giving DEXs the necessary hype and as well eliminate or suppress CEXs operations?
I tried to access your whitepaper and litepaper but it was to no avail. Aren’t they ready yet? My question will be pertaining the platform’s native token. I can’t find any information on this? Can you enlighten us on your platform’s native token? What utilities will the token handle on the DEXILON’s platform? Tell us about it’s allocation. Since you spoke about governance, will your native token serve as a governance token also? If yes: give details on how the governance operates, what amount of token will be needed to participate in governance? How is voting weights distributed? Talk about the staking/farming of the token if possible. What is the Token’s ticker?
On centralized exchanges, a company manages everything else involved. That means that company response the every transaction. My question is on decentralized exchanges who is the respond for the transactions? And Dexilon is compatible with metamask and binaries wallets. Can we connect Digimon with each wallets without paying? Or will it charge some transaction fee
Dexilon is the first DEX that is run on a limit order book powered by the native blockchain. Even though DEXs are beneficial, they have a few drawbacks. Thus, they are limited by the transaction capability of their networks. When volume rises, so do the fees for executing trades. This has become a major problem for DEXs, many of which are hosted on Ethereum and use an automated market maker (AMM) to manage their trading. Can you tell me how Dexilon will solve this major problem faced by most Decentralized Exchanges we have at the moment? Just few days ago, Saddle Finance, a decentralized exchange for trading stablecoins, was hacked in a DeFi exploit and more than 10Million dollars was lost during this Hack? How secured is Dexilon? Have Dexilon been Audited?
From your roadmap, I discovered that Testnet Launch on Hybrid model will be happening this month. You plan to Centralise the Limit Order Book with settlement on polygon upon launching on the the hybrid model. Can users start making use and trading on the Dexilon platform or wait until the Testnet is completed? How secured is the Platform at the moment before the Testnet launch? I’m quite certain that the developers and programmers will troubleshoot all the aspects and features of the network before they are sure the system is secured and ready for the mainnet launch. Should we expect the mainnet launch to be soon too because I didn’t see this on the roadmap?
Many traders prefer centralized services with a greater liquidity pool, choice of instruments, currency pairs, and order types. Decentralized exchanges usually have lower liquidity than centralized platforms and that is one of the reasons why CEXs is preferred by most users. How does DEXILON aim at mitigating the problems caused by illiquidity in DEXs? Give details on your liquidity providers. Convince us that DEXILON will remain afloat in the ocean of major DeFi flagships.
I surfed through your Twitter handle and I noted that DEXILON joined Twitter November, 2021 which is about 6months ago. Since then you’ve had just 7 tweets..I can’t find any announcements/information about partnerships, backers and advisors and the likes. Partnership is very important in increasing the solidity of every DeFi project. Could you tell us about your current and proposed future partners? Which companies are your backers and advisors? Since the inception of DEXILON, what have you achieved so far?
What do you consider to be the key point or characteristic that a DEX must have to promote the definitive integration of the cryptographic market as a system? As a global financial, is the unification of the financial system necessary or do you trust the participation of Defi and the traditional System jointly?
What are your tools to protect your ecosystem from external threats that day by day increase to Defi, what are the aspects that must be addressed with the highest priority to strengthen your cryptographic and social structure, do you have communities of different languages or do you focus only in the English speaking ones?
They will have participation and associations with CEX, how its DAO system works and what is the degree of participation of its community of partners, owners and developers, what are the most outstanding incentives they have to motivate and create a large and solid society, how powerful Is your marketing structure to accelerate your expansion?