We are pleased to announce our next AMA on June 13th, 2022 at 01:00 PM UTC Time: Satoshi Club x Primex Finance
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Primex Finance Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Primex Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Primex Finance
For more details:
Primex Finance Website – primex.finance
Primex Finance Telegram – @primexfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello Primex Finance Team!
After studying your Litepaper, I understand that on Primex Finance, there are generally four (4) roles that can be assumed by a user and they include: Lenders, Traders, Notaries and Delegators. My Question: Kindly give a brief description of each roles mentioned above. What does a user need in order to be either a Lender, Trader, Notary or Delegator (how much funding is needed)? How does each of these roles work in generating a good income for the user? Can I assume more than one of these roles at a time?
Hello Primex Finance Team!
One interesting component of the Primex Finance platform is the “Credit Buckets”- which are programmable entities through which all trades happen. Give more details about the Credit Buckets. How does the Credit Buckets work? You stated that Credit Buckets are an interlayer between end users and other DeFi protocol such as DEXs: what does the term “inter-layer” mean in this context? What features makes Credit Buckets and inter-layer between end users and DeFi protocol such as DEXs? Clearly highlight the uses and benefits of the Credit Buckets to the users on the Primex Finance platform.
Knowing that Primex protocol is designed to connect lenders with traders and give the decentralized finance (DeFi) market more tools that are familiar to standard trading markets. I would also like to point out that there are some serious baggage that’s hindering the growth of decentralized finance, which is the aspect that has to do with lack of liquidity which leads to price slippage, and high transaction costs are a barrier to wider adoption. I would like to know more about what Primex has done in the aspect of helping to lower the barrier of entry for people with fewer crypto assets to also Benefit from trading on DEX. Lastly Can you please tell us more on how Traders can earn interest by lending their unused funds in your platform?
On your site it was stated that Traders who use Primex will be able to leverage their positions and amplify their gains across DEXs, a process that’s unique to the protocol. Can you please help in providing more Details on how Primex Aims to make it possible for Traders to Leverage their positions and amplify their gains across DEXs? i would very much like to know more about the Available tools your platform has to offer that would make that possible, what could be so unique about using Primex platform to trade? Knowing that the liquidity on decentralized exchanges is generally very low, what would your platform Primex do to increase Or boost Liquidity for traders to take advantage of?
Hello Primex Finance Team!
The main factor that determines the efficiency of a specific trader is the profitability of their trades. Measuring a trader’s efficiency is a complex multi factor problem for which deterministic algorithms are not efficient enough and as such, Primex will be using machine learning for scoring and trading analysis. My Question: what is the essence and purpose of scoring and trading analysis within the Primex Finance platform? How does the machine learning work in scoring and trading analysis? How will the neural network be trained? Will the trained model be capable of analyzing the history of a trader’s transaction and evaluate their appropriate efficiencies? What is the benefits associated with scoring and trading analysis?
Primex Finance is on a mission to improve the experience of trading assets on decentralized exchanges (DEXs). Traders can borrow funds below the liquidation price and maintain positions and each trader will be continuously scored based on their trading history to enable access to riskier credit Buckets. Can you provide more information on the process of how traders can borrow money? What are the requirements? Is there any form of verification process attached to it? What is the maximum amount a trader can borrow at the first time? How many times can a trader borrow money to stay in position after being liquidated? Can you tell us how many levels of Credit Buckets there are?
I couldn’t help but notice that you have an ongoing Referral Program, this implies that older users will be inviting early users to the protocol, such as traders, keepers (liquidators), and liquidity providers (lenders). Can you give us more information about the Primex referral program? Do users need to own $PMX to participate? How are invites considered as valid referrals? Are all invites considered equal, irrespective of their choice of entry (traders, keepers and lenders)? What are the benefits of participating in this referral program?
It was mentioned that access to non-custodial margin Trading has been a challenge with some degree of Centralisation associated with it;How far or what effort is thr trading platform making to resolve such a challenge?
2. How effective has been the aims of Primex Finance to change the challenge of access to non-custodial marging trading? And has the change mechanism adopted to solve the challenge been able to yield any sustainable result?
3. How are risk efficiently controlled by the Primex Protocol to avoid the Lenders from encountering greater risk? Are risk shared between the lender and the platform directors/managers ?if yes, how liable are the directors/Managers , or Primex Protocil liable?
It was stated that the reason why Primex was created is to facilitate leverage margin trading across DEXs. Leverage requires a person to put up capital or assets for a trader to borrow to open a position. In Primex, this person is called a Lender. In order to be a Lender, can you give an estimate of the minimum funds needed? There are liquidity pools that poses a high level of risks for Lenders. How will Primex ensure that the risks associated with being a lender will be minimal? How will incentives be calculated and distributed for a Lender? I had seen that Lenders places their assets in Credit Buckets. What are Credit Buckets and how do they work?
The platform’s idea to facilitate leverage margin trading across DEXs is a commendable one but as an investor, I kept wondering if Primex Finance will be secured enough to accommodate users’ funds because this is a matter of paramount importance. What strategies do you have in place to counter cyber and security attacks and ensure maximum safety of user’s funds within the Primex platform? How do you aim to reduce and mitigate risks associated with leveraged trading because leveraged trading can be highly risky? State some unique features that makes Primex Finance a better option to it’s competitors.
Lenders on Primex can diversify their risk across multiple assets, specific traders, and credit buckets. Although I am familiar with the first two, I have never heard about this “credit bucket”. Please explain how does a credit bucket work and how can we use this concept more effectively to minimize risks? Is this a feature introduced by Primex? Do we need a specific knowledge or expertise to use a credit bucket? When lenders minimize their risks using these mechanisms, what does Primex do to make their funds safe? From your side, what are the security measures implemented to reduce the risk?
I love DeFi and going through the Primex’s website and materials, I am very much interested in getting started on the platform.
My believe is that Primex has brought an innovation or perhaps a new invention in the DeFi space. In this course, explain about the new features/innovation/invention that Primex has brought to the Crypto table. How can users leverage these Innovations? Subsequent development of a platform is a sure way to retain users as we see new techs in the Cryptosphere daily: how do you aim to adapt to subsequent upgrades and development that may be seen in the Cryptosphere in the near future? Currently, are there any restrictions placed as regarding regions that can access the platform’s services? What is your globalization plans?
Is your project only for Elite investors?
List 1-3 killer features of Primex. What is the advantage of using Primex? What is your competitors advantages
How effective has been the aims of Primex Finance to change the challenge of access to non-custodial marging trading? And has the change mechanism adopted to solve the challenge been able to yield any sustainable result?
By locking funds for a specified time, lenders on Primex have the opportunity to fix their interest. I could not see any information about these tiers. Can you briefly explain about the interest rates for each time period? Does the rate depend on the time period or will the investment size also be calculated? I hope you offer better rates for longer time frames. When a lender choose a long period and wants to unlock his funds before the deadline, is he allowed to do so by paying an unlock fee? What are the charges/fees related to this feature? What is your anti-whale mechanism to prevent whales from investing their funds? How do you ensure the safety of locked funds? What will happen to them if Primex has to face any unforseen situation?
In Primex finance. Along with the technology behind the tool, i learnt that there are five important roles that need to be filled to maintain functionality, which are Lenders,
Traders, Notaries, Delegators, and Liquidity providers. understanding that this are the five basic people that makes Primex Finance Functions. Can you tell us more about the roles of each of the positions mentioned? How can we leverage any of this available position to Maximize profit? I seem not to clearly understand the Functions of the Primex Notary, which is said to function In the offline world, & gives people and institutions confidence that documents are genuine. Can you kindly explain this role well?
I learnt that Primex was Founded in June 2021, and its main goal is to enable margin trading for DeFi participants while allowing them to earn interest. But democratizing access to the crypto economy has created another intractable challenge tied to decentralized exchanges, and that’s cross-chain bridging. Tokens can be listed on multiple exchanges, traders need to transfer their coins between chains before they’re able to do anything with them, and that can be costly. It can cost anywhere between $200 and $500 just to bridge assets from one chain to another, and that’s before having to pay fees to actually execute transactions. Can you tell explain how Primex intends to lower the Barrier of Bridging Fees and other transactional fees that will be needed?
I learnt that you’re Currently Running an Ambassadorship program in which your ambassadors can Be the first to test the product, get early access to events & more. Can you tell us more about the Ambassador program? What is the requirements for Applying for the role? Is the Ambassador program open for some specific Geographical region or everyone can apply? When exactly was the application open and when is the closing date for the application set? Can you state the benefits of Being a Primex finance Ambassador?
I am curious to know more about Primex referral program. When I am going to join the program, it asks me to certify that I am not from USA, Russia and some other countries. Is Primex banned in those countries? Can’t we get referrals from said countries? I read we can invite early users to the protocol as traders, keepers, and liquidity providers. Do we get different referral rewards for these types? If yes, please elaborate more on the rewards for each type. What is the procedure of calculating referral rewards? Is there a maximum number of referrals? BTW, can a single user be a trader, a keeper, and a liquidity provider at the same time?
Primex announced the Launch if it’s Alpha version last month being may. According to my understanding, Alpha versions of a software is mainly used to test run the software. Who is eligible to run the Alpha test? Is it opened to everyone or just a specific group of users or perhaps only the project developers? In general, how has the performance of the Alpha version been in terms of efficiency and throughput? You had mentioned that for the Alpha, two roles are available to take and test; List out these roles and how users can run a test with these roles? Will there be a Beta version release subsequently? When is forecasted time for the mainnet to go live so that users can fully get started on the platform??
Hello, I have read that Primex Finance has AI based trader scoring feature. Traders are continuously evaluated by a decentralized network of ML-based nodes, he scoring defines traders’ risk levels and available buckets. High-scoring traders can survive high volatility and save their positions even when they’re approaching the liquidation price.This sounds really good. So firstly, can you explain how traders’ scores are determined? What requirements do traders need to meet in order to have a high score? Lastly, how often are traders’ scores updated?
The DEX-agnostic protocol Primex brings prime-brokerage-level features to the world of decentralized finance and enables margin trading and automated trade execution without the traditional intermediaries and their flaws. Lovely development I must say. I understand that the platform pays attention to early adopters/users. You had mentioned three major roles for early adopters; Traders, Liquidity providers and Keeper. What function does each of these roles serve? What benefits and incentives comes with being an early participant on the platform? How is rewards for Traders, Liquidity and Keepers calculated and distributed?
To sum up what I understand, DeFi lending protocols make it possible for everyone to earn interest on supplied cryptoassets. Although the current use of DeFi lending with mandatory over-collateralization is still very limited, it is a great way for DeFi users to earn interest and Primex is a significant improvement in this area. What exact improvements has Primex brought into this area? Aave, Curve Finance and Compound offers something quite similar to the Primex Finance platform. As compared with the above listed competitors, Why is Primex a better option? What is unique and advantageous about the income generating mechanisms of Primex?
Primex Finance closed a $5.7M strategic funding round co-led by Stratos Technologies and CoinFund, with participation from Hypersphere, and GoldenTree Asset Management along with leading liquidity providers including Wintermute, GSR, and LedgerPrime. This milestone is a huge one. How were the funds raised after the seed round allocated within the Primex’s ecosystem? You highlighted “Tokenomics” on your road map but I couldn’t find any info regarding the platform’s native currency: what developments have you made towards the launching of the native cryptocurrency? Can you give us information pertaining the currency’s total supply, allocation and use cases? What mechanisms are you employing to produce not just a short hyped token but a token that remains relevant even during crashes in the Cryptosphere which is somehow non avoidable?
I have encountered the theory of liquidity pools in the decentralized finance (DeFi) ecosystem. Primex Finance however came up with the Primex Credit Buckets which is an alternative to Liquidity Pools. Elaborate on the Primex Credit Buckets. What is unique about the Primex Credit Buckets? You had compared Credit Buckets in Primex with the lending protocol Aave accessing their functionality, Differences, Advantages & Disadvantages. As compared with Aave, how was the Primex Credit Buckets performance? Is it a better option?
This Question is about the Launch of Primex Finance Alpha and How it works. I found out that The Alpha is the first step to bringing the Primex protocol online, You also mentioned that Some bugs and stability issues may happen from time to time. Is there a bug bounty program available for users of your community to get involved with in other to get rid of the bugs and other issues? And knowing that at the moment, it is known that Only the desktop version is supported, while the mobile and tablet versions will be released later. Can you give us more details regarding when we should be expecting the mobile and Tablets version of your app?
This Question is about the Role of your Community And the Governance Model of the Growth of Primex Protocol.
It is known that In a thriving ecosystem, community members play a role in the development of the project — they’ll review products and offer their insights as well as highlight market trends and things that need to change. Would there be A learning opportunity for beginners in Trading to also learn on how to make use of your platform services? Can you tell us how you plan to engage your community with the services your platform provides? Would your platform support or adopt any form of Governance Models in which major Decisions can be made through voting?
I read that traders in Prime Finance are stakeholders who access liquidity from pools to leverage margin trade on DEXs. Traders are assigned scores that are based on their efficiency and identity by the protocol. How are the scores determined? What is the maximum number of score a trader can have? I was made to understand that scores of traders serve as a measurement of risk. Can you explain how the scores of a trader serves as a measurement of risk? And how do you ensure that risks associated with liquidity pools are minimal?
I noted that notaries are responsible for evaluating the stability of profits that credit buckets provide to lenders in Primex Finance. Can you give us more details about credit buckets? How do credit buckets function? You did say that there are several types of notaries. What are the different types of notaries you have? What kind of responsibilities are carried out by each of the notaries? Notaries are nominated by the community. I would like to know how the nomination process is like? What are the procedures?
While I went through your website, I saw that Primex Finance have saved seats for like-minded people to build the best trading tools in the decentralized world. I understand that employment is opened for full stack blockchain developers, solidity developers and community managers. Give us more information regarding the application process: what is the criteria needed for these vacancies?
Even though Primex was launched in June 2021, it was in February 2022 that you did your seed funding with a successful raise of $5.7 million from your strategic investors. I am curious to know more about these seed investors and how they were able to make investment commitment into your project, since up till now, you have no token and no tokenomics has been officially released by you? How has this fund been utilised in the development of your project so far and why does it look like development is stuck in Primex Alpha Phase? When do you expect your token design to be out and when is IDO or other presale events scheduled to start?
Primex is a cross-chain prime brokerage liquidity protocol that offers cross-DEX margin services using a unique trader scoring mechanisms. Can you explain more about your AI-based trader scoring mechanism? How do you use it to determine the risk tolerance of a trader and their survivability to high volatility? How are users able to access credit buckets based on this AI-generated credit scores and what are the different credit buckets or assets groups that are available for users to leverage based on their credit score range? I also read that trader can restore their credit score by paying off debts. Can you shed more light on how credit score can be restored to a healthy range since initially, they were supposed to be AI generated?
Within Primex, there are group of users called DELEGATORS and NOTARIES. In general lexicon, a notary gives people and institutions confidence that documents are genuine while Delegators gives their duties to other to perform for them. Can you explain the roles played by Notary and Delegators in Primex and why these sets of individuals are crucial? How do they exercise their financial authority in lending and trading operational flow within the ecosystem? Who can become a Notary and a Delegators and how are users nominated to take up these roles and oversee financial activities including decisions that affects other ecosystem users?
Early contributors of will have access to Primex test versions and will be able to provide feedback on Primex functionality and interfaces. Thank you for these opportunities. What are the requirements to be considered an early contributor? What is the deadline to register on the platform? Is there a minimum amount of contribution? Generally, early birds receive tokens with a considerable discount. Does Primex offer that opportunity too? If I contribute later, can’t I join with the community and provide feedback? Is it mandatory to be an early bird to receive governance privileges?
This question is regarding your Ambassador Program. After applying for Primex Ambassadorship, selected applicants will become Apprentices. What are the qualifications that you consider when recruiting Apprentices? What kind of tasks do you offer them to complete? I read they can become Ambassadors after completing first tasks. How long will it take? How does the duty of an Ambassador differ from the tasks of an Apprentice? There is an option to be a Senior Ambassador too. What do you consider to promote Ambassadors to this post? Please briefly explain about the reward system for each post, Apprentice, Ambassador and Senior Ambassador.
Primex unites regular people, traders, and financial organizations into an ecosystem, giving them an opportunity to trade freely and earn interest. What are the benefits that each party gets from Primex? How do you serve regular people? What are the steps you have taken for the betterment of traders and financial organizations? On Primex, how these parties are interconnected? You have mentioned Primex allows to “trade freely”. Can you explain what do you mean by “freely”? Do you blame other platforms do not allow traders to trade “freely”?
On your website it says that your protocol is not limited to a specific DEX, traders can open leveraged positions on multiple DEXs and the position can be opened on one DEX and closed on another, depending on multiple factors, can you please describe what those factors are? , can they become linked to CEX now or possibly in the future, can you tell us a little about risk diversification and how it is included in the activities of lenders?
This has been a very unstable year in the crypto market, what mechanisms do you use to survive the high volatility and save your positions even when they are close to the liquidation price? Until now the protocol does not transfer funds to external wallets, it is in its future plans to add this function and that merchants can use their personal wallets, since they use smart contracts within the protocol to interact with DEX how often their contracts will be audited to verify its efficacy and safety?
Can you give us an example or tell us about some experience of how Primex works, being a new investor in this market what real possibilities and opportunities do I have to operate in Primex and obtain real profits, do they give some type of support and advice to the holders, do they have communities in Spanish or plan to create it?
I read that Primex plans to introduce two features in it platform they are “Under Deposited Trading Position” and “Under Collateralized Lending.So can you briefly summarize both features?Why did you decide to feature “Under Collateralized Lending” and not “Over Collateralized Lending”?.Which set of audience are both features meant for and what do both features especially Under Collateralized Lending comprises of?And will investors be able to access substantial credit without collateral with under-collateralized lending and how does “CREDIT DELEGATION” comes into play in the collateralized lending features?Please explain Thank
Under Primex V2,you mentioned that there will be a “Diversification Opportunities for Lenders”.Diversification simply means investing ones money into lots of different loans, to spread their investment risk as broadly as possible.So can you tell us the opportunities lined out for lender when they diversify their portfolio?Are there risk one need to be aware when engaging in this type of investment?Will there be a Credit Band to help users decide which loans they would like to invest in?And what should users remember when diversifying their investments?And when will the Primex V2 be unleashed or you are yet to develop it?Please explain Thanks
From what from your lite paper,you have a fixed interest rate for lenders,by locking funds for a specific period of time,lenders have the opportunity to fix their interest.Given that funds can be locked for a specified period of time,it wasn’t mentioned how long one can lock there funds.So can you tell us, what’s the duration given to lock and unlock their funds? What’s the percent charged for each trading transaction? What’s maximum amount a lender can hold,to enable become a lender ? kindly explain
Hello Primax Fiance Team
We know that the trading the marketing is depreciating and mostly unstable in recent events,and so many investors has lost interest in trading and investing.so what makes primax finance different from other digital financial platforms?.And what are the strategies taken in place to gain the trust of users.
Primex protocol is not limited to a specific DEX. It is stated that traders can open leveraged positions across multiple DEXs and the position can be opened on one DEX and closed on another, depending on multiple factors including available liquidity in the respective pair.What are those multiple factors and how will this factors affect or enhance DEXs position?Does this multiple positions attract high charges fee within the PRIMEX PROTOCOL? Elaborate on this . Thanks
It’s is quite unfortunate that many projects have infiltrated the market with just white papers without having any genuine use case.but primex finance have outlined so many interesting features that seems to attract traders.What advantage do you currently have over other competitors that can’t easily be duplicated or imitated by your competitors and what are you doing better than your competitors? Can you tell us about your top unique selling point(USPs)?
Primex offers fixed interest rate for lenders,and this lenders have the opportunity to fix their interest by locking funds for a specified time.So what will be the fixed return rate after they must have locked their token?And we will like to know if the interest rate will be high or low?And does Primex uses any aggregator to enable users get the best interest rates?Please what assets do you accept that lenders can lock and how long will this funds be locked,any vesting schedule?Please explain Thanks
Ledger prime,Mask,peech capital,Magnus capital, Hypersphere,Wintermute etc are developing company made up of DeFI experts, Scientists, block chain developers,mathematiciansbacking primex labs.apart from this top elite backers team, Is there any security team? What is the security level of Primex finance?How can we be sure that users funds are safe? Kindly tell us thanks.
In Primer Finance, lenders can diversify their risk across multiple assets, specific traders and so-called credit buckets. Regarding the latter aspect of risk diversification, can you explain what they are specifically and how they work within your ecosystem? To what extent do your various strategies succeed in lowering investment risk for users? Thanks!
I read that in Primer Finance, traders are continuously evaluated by a decentralized network of ML-based nodes. My question is, Does the scoring define traders’ risk levels and available segments? Traders with high scores can survive high volatility and save their positions even when approaching the liquidation price? How does this ML based node system of Primex Finance work? Thanks!
You have a plan to introduce under-collateralized lending feature in the future. I have seen many platforms that offer over-collateralized loans, but under-collateralized ones are rare. Don’t you think this feature will harm the stability of the platform? Generally, if borrowers do not repay the borrowed amount, platform can liquidate the collateral. However, in case of under-collateral lending, platform does not have an adequate collateral. What is your solution for this issue? Are there any special requirements to apply for under-collateralized loans?
On Primex, traders can open leveraged positions across multiple DEXs and the position can be opened on one DEX and closed on another. Are you the first protocol to offer this opportunity? Does this mean you allow arbitrage trading? In some instances, there are huge differences in prices across exchanges? Do you block those pairs in that kind of situations? How do you prevent whales from obtaining a huge profit through this cross-DEX trading?
You have stated that Primex is building a truly decentralized protocol which needs to be supported by the community. According to this statement, it seems that you believe other platforms are not “truly” decentralized and they are not supported by the community. Compared to similar platforms, what are the decentralized features available on Primex? How does it give priority to the community? What are the drawbacks you have identified in other platforms in terms of decentralized features and community-centered features? How did Primex rectify them?
I saw that one of the features of Primex Finance is that it is backed by leveraged trading profits. But can you explain to me what is the upside of this backing? Other platforms are not backed by these leveraged trading profits? What are the positive factors of leveraged trading profits?
You say that your protocol is not limited to a specific DEX, do you mean that your protocol works with several DEX? How is this possible? Who are you able to work with several DEX? What are the advantages of your multi DEX protocol? Have you thought about integrating DEX into your protocol?
Can you tell me about the Credit Buckets offered at Primex? What are the functions of these credits and what are the advantages and disadvantages of Credit Buckets? Also, how can I buy them? Is it really easy to acquire these Credit Buckets? How does this relate to Aave?
I read that lenders can diversify their risk through multiple assets, specific merchants and so called credit buckets. So could you explain to me what are the multiple assets that you offer to lenders? Also, how does the credit bucket work and how would it help me minimize risk?
I understand that by locking funds for a specific time, lenders have the opportunity to fix their interest. Fixed interest is backed by commercial rates. Does this mean I can set the interest rate to my liking? What are the rates you handle on your platform? Is it really economical to use Primex Finance?
Primex Finance is an innovative platform that has as main objective to provide decentralized cryptocurrency exchanges with deep liquidity. Why is Primex focused only on DEXes, leaving out an interesting market, as are the centralized exchanges? What decentralized exchanges is Primex currently providing liquidity to, or has confirmed that will do in the near future? At this stage of your development, what is the priority for the team, what’s next on the roadmap of Primex Finance prior to its official launch?
As a liquidity provider for DEX, what are the mechanisms, or strategies, used in Primex to have liquidity and be able to give it as a service to other platforms? What are the benefits of being provided of liquidity from Primer instead of any other liquidity aggregator? In terms of affordability, security, speed
Hello Primex Finance I would like to put emphasis on your Twitter community. I saw that you joined in June 2021 on Twitter and to date you only have a few followers of 2,528 in a year. So how professional are your marketing team and why haven’t they grown your communities? How can we trust your project when in just one year you have managed to bring your Twitter community to 2,528 followers? What marketing strategy do you plan to implement to attract the attention of users and thus grow your community? And finally, the community is essential for a project to grow and succeed in its objectives. How important is the community for your project and what has prevented you from making it grow in a year? How do you plan to promote your project in the community? Thank you
Primex Finance closed a $5.7 million strategic funding round co-led by Stratos Technologies and CoinFund. So could you happily share how successful this fundraiser was? Who participated in support of Primex Finance? Also, once this wonderful amount has been raised, where would this money go and who would be in charge of managing a certain amount? How do you make sure this money doesn’t get siphoned off and fall into the wrong hands? Is there a registry where the community can see the destination of each dollar that is moved from this collection?
Primex is the leading cross-chain brokerage liquidity protocol for cross DEX margin trading with merchant scoring mechanisms. but we would like to know, where is Primex Finance, the headquarters? Who invested in Primex Finance? And finally, how much financing has Primex Finanzas raised to date? Thanks a lot
Primex Finance is a DeFi platform that connects passive allocators with traders and offers two classes of users: lenders and traders. So how do lenders benefit on your platform through merchants? There will be some rules limiting traders from using their borrowed funds from these buckets, stating which pairs they can use and what their maximum leverage is. Explain what are the benefits and advantages of these two classes of users on your platform. Also, what percentage does your team earn through these lenders and merchants? And finally, how are Cubes and Traders evaluated at Primex? explain
Myself as a reatil trader, I would like to know about the Primex Finance AI-Based traders scoring technology. Can you tell us more details regarding the AI technology that you deploy within the DEXs? I am familiar with Binance & Kucoin exchanges in tradings & They use the Automated Market Maker for providing liquidity. What about Primex Finance in this matter? I heard that You use the ML-based nodes for the evaluating the traders position. Please explain about ML-based nodes (Machine Learning models)? And also Tell us about the trader’s risk level? How will the traders manage to avoid the auto liquidation due to high volatility situation?
In Primex Beta version, You hope to Deploy the Primex Finance on several EVM compatible chains. So, Do you have any updates regarding this event? On Which chains will you deploy, Will it be BSC, HECO, POLYGON, AVALANCHE? By the way how about the transaction fees? Are they cheaper than other cross chain bridges? Please tell us more details about the EVM comptible cross chain beta version & the benefits for early users of it?
In order to build up DeFi with Primex Finance Team, You have announced an ambassador program. But there were not much informations regarding the ambassadors program. So, Can you tell us more details regarding this ambassadors program? What kind of requirements should applicants fulfill to become an ambassador of Primex Finance platform, Will they be selected region wisely? Also, explain about the role that you expect from the ambassador? Anyway, there will be more benefits for the future ambassadors of Primex Finance platform. Briefly explain about that also.
I am curious to know more information about Primex Early User program. On Primex, there are three main groups, Liquidity Providers, Traders, and Keepers. By joining earlier, do all these groups get special benefits? If yes, please let us know about the available benefits for each group. How long does the Primex Early User program run? Since I do not have funds with me right now, am I going to miss almost all opportunities on Primex? Apart from this Early User program, will you organize similar events in the near future? If yes, please give a sneak peek of the events which will be available for latecomers too.
On Primex, traders are continuously evaluated by a decentralized network of ML-based nodes and high-scoring traders can survive high volatility and save their positions even when they are approaching the liquidation price. Please describe about the mechanism behind this scenario. How do they save the positions when they approach liquidation price? Does Primex add margins based on their scores? In addition to this opportunity, are there any usecases of the scores? Can traders convert their scores in to points/rewards/cash? Don’t you offer governance privileges to high-scoring traders?
According to your social media platforms, you are going to launch Primex Alpha soon. Are community members allowed to test this version? What about the completion of tasks in Phase 1? The second phase will be Primary Beta and there will be two more versions. What kind of developments will be done when it comes to Beta version? When do you offer us the experience of the official version? In addition to these versions, you have some future plans too. What is the estimated time frame for adding those future features to Primex?
Hello Primex Finance!
I have seen on your website that you are launching an EARLY USERS PROGRAM for everyone to get early access on using Primex Finance and we can apply on it by simply submitting an application. For clarification, can you tell us what are the requirements we shall comply in submitting an application? And being an early tester, it is very inevitable to encounter some bugs, so how will these be taken into account? Can you also discuss some benefits and advantages that being an EARLY USER of Primex Finance can have? Until when submitting an application can be valid? And how many will be only qualified?
Through the referral program in Primex Finance, Users will be able to earn extra rewards by bringing the colleagues, traders, liquidity providers, validators in to the ecosystem. Can you explain us about the referral program & how is it working? Is there available tier system for the the referral mechanism? How about the reward system in this program?
When I tried Primex Finance App, It is not supported for the mobiles & the app is compatible with only desktop versions. When will you release the Mobile version? Actually I couldn’t log in to your app via laptop. So, Can you tell me about the Primex App? What kind of features are there available currently? Is it 100% completed, Did you check it before the launch whether there are not bugs? Please show us the interface & functionality of the Primex App?
Hello!
I would like to know more about the 4 ROLES that you stated in your LITEPAPER which are LENDERS, TRADERS, NOTARIES, and DELEGATORS. I believe these 4 roles are essential in the operation of the ecosystem of Primex. What are the roles of each and how can one user be entitled for this role? How do these 4 roles contribute on making Primex works and what are their roles in Primex’s ecosystem? What accesses are limited for one role? And can every user have the freedom to choose what role they prefer?
Hello Primex Finance!
Recently, Primex Finance announced about the introduction its new type of LIQUIDITY POOLS in DEFI which is the Primex Credit Buckets. This type of pool helps the LENDERS to maximize their profit and minimize risks. Can you tell more about how does this Primex Credit Bucket works? And what are its advantages in comparison with the standard liquidity pools? How does it “minimize risk, maximize profits” for LENDERS?
I found out that three of your future features are Under-deposited trading position for experienced traders,fixed-interest rate for lenders as well as the under-collateralized lending. So,could you tell us an advance idea or advance details regarding this future features of your platform?How would it work and what would be any distinguishing aspects that this features will have considering that those features can also be found to some other platforms? Could you enlighten us how much would be the fixed interest rate for lenders? What may be those assets that can be consider as collateral in your lending? Why does your deposited trading position is for experienced traders only? How about for beginners? Lastly,what is the timeframe being set for this features to be realized in your platform? Thank you!!
I read on your website and tried to join an Ambassador program. Is it possible to apply the application remaining half anonymous? How can I be sure about my privacy and personal information will be secured? Further, can you please specify clearly what your targeted market countries and regions you are looking for an ambassador and the benefits or salary you offer? Do you have any eligibility criteria for those who are interested in applying?