Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Collateral Defi Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Collateral Defi
For more details:
Collateral Defi – @CollateralChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DefiDollar Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DefiDollar
For more details:
DefiDollar – @defidollar_community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Vlad.Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Vlad.Finance
For more details:
Vlad.Finance – @VladFinanceOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from ARTX. The AMA took place on March 19th, 2021 and our guest were @sm0xth,@mig0r.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello, dear Satoshi
Clubbers! We are pleased to announce our AMA with ARTX
D. Папа Роуч: @sm0xth @mig0r welcome to Satoshi Club guys! good to have you here!
Migør | ARTX: Hi, nice to be here and ready to answer your questions!
D. Папа Роуч: awesome! 😊
sm0xth | ARTX: Hello! Thanks for the welcome, we are really
pleased to be here!
Gold Rocket | Satoshi Club: Welcome to Satoshi Club,
@sm0xth and @mig0r!❤️
D. Папа Роуч: so let’s begin our AMA with intro! @sm0xth @mig0r please introduce
yourselves and your project 😊
sm0xth | ARTX: I am sm0xth, the co-founder and CEO of ARTX
Trading. About me I can say that I am an enthusiast of maths, technology and
finance. I am telecommunications engineer with extensive work experience in the
banking sector and SaaS companies. In recent years I have been dedicated to the
development of innovative financial products that pursue the democratization of
the most premium investment strategies
Gold Rocket | Satoshi Club: OMG. I also have a diploma
in telecommunications engineer🙈😁😁😁
Migør | ARTX: I’m the CTO and co-founder of ARTX Trading, I’m a telecommunications
engineer specialized in algorithm research and quantitative analysis with wide
experience in international companies. During the last years focused on
applying my knowledge to the world of cryptocurrencies.
sm0xth | ARTX: Then we are three here 😀
Gold Rocket | Satoshi Club: This is a wonderful
background and an amazing coincidence.👍 How did you get to be involved in crypto & ARTX?
sm0xth | ARTX: About 3 years ago we decided to start the
ARTX Trading project, our ultimate goal was to have a series of automated
strategies through which we could make passive profits using algorithmic trading
for us, and therefore, we decided to engage in a research and development
process for about 3 years applying our knowledge to bring forward an attractive
and valuable project such as ARTX Trading.
Migør | ARTX: Previously, 5 years ago we started to get really interested in crypto,
first individually getting to know the projects, the technology, starting doing
manual trading and studying how the markets behave and after that we decided to
start the ARTX Trading project.
D. Папа Роуч: so you building project for traders?
sm0xth | ARTX: Not exactly, we are building a wealth
management company that will provide premium services to companies and big
funds. But our main objective is to allow retail investors to participate in
our success. We make this through our Token and ARTX Share:
https://artxtrading.medium.com/artx-share-be-part-of-the-future-of-wealth-management-745af6425784
Gold Rocket | Satoshi Club: Big thanks for sharing and
great intro!🚀 Can we
proceed to the questions from community? Or you want to add something😉
Migør | ARTX: Yes, we would like to explain more in detail what is ARTX Share and then
proceed to the questions
Gold Rocket | Satoshi Club: Feel free to do this. We
are your assistants! 😊
Migør | ARTX: After the presale we are going to create a fund with the 15% of the
proceeds. Then, we will run our bots and trading strategies over that fund in
order to make profits and generate passive income. The 100% of this benefit
will be used to buy back ARTX Tokens periodically. Finally we are committed to
distribute 80% of all the tokens bought to the premium holders. To be a premium
holder it’s needed to maintain at least 10,000 ARTX in the wallet over a whole
month
sm0xth | ARTX: That is the way in which retail investors can
benefit from premium strategies
Gold Rocket | Satoshi Club: Thank! What is the minimum
contribution we need to make to start with this?
D. Папа Роуч: 👀
sm0xth | ARTX: There is no minimun contribution, as we are
going to create buying pressure with our profits as a company, so anyone who
holds ARTX Token, would benefit from it. But, if you want to get Yield from our
ARTX Share, you have to hold 10,000 Tokens, then you will benefit in two ways:
1) Price, by the ever increasing buying pressure, and 2) Share, receiving in
your wallet the distribution of all ARTX bought back
D. Папа Роуч: thank you for the intro guys! we are opening the first part of AMA 😉
Q1 from Telegram user @Manugotsuka
The ARTX roadmap suggests that you pre-sale will be soon, so can you
tell us where is going to be done and what are the pre-requisite that users
need to provide before the this event?
sm0xth | ARTX: Thank you for your question. We have
completed the first two round of the pre-sale, seed + strategic, that has been
led by DEXT Force Ventures. We have allocated 600k in those two rounds. Now, we
are facing the third round, the public sale, and date and lauchpad will be soon
announced. We expect the public sale to be in few weeks, at the latest, the
beginning of April. There are no pre-requisites to participate in the public
sale
Gold Rocket | Satoshi Club: Wow! it’s very soon! 🚀🚀🚀
D. Папа Роуч: are you wanna participate?
Gold Rocket | Satoshi Club: Based on your roadmap, you
have a lot of plans for 2021.😊 Like the rest of us, I am open to interesting suggestions.😁 By the way, please share
your roadmap with our community.😊
Migør | ARTX: Yes, we have a well-defined road map for 2021 and early 2022 😃. The idea during this year
is to launch different strategies in order to diversify our assets.
Gold Rocket | Satoshi Club:
i will help you a little 😉
Migør | ARTX: Thank you!
Gold Rocket | Satoshi Club: Do you want to reveal some
stages of the roadmap in more detail or can we move on to the next question? 😊
sm0xth | ARTX: We can reveal that we are quite advanced in
the achievement of the road map. So we expect that once the pre-sale is over,
we can start announcing new products. We are working hard to stay ahead of the
road map, we believe that this will give much more value to the project
Gold Rocket | Satoshi Club: Thank you very much for the
answer!
Q2 from Telegram user @mctrho
ARTX is a project that has a lot to offer the ecosystem, but if I’m not
mistaken, you haven’t released the project’s whitepaper yet, why? Do you plan
to develop more ARTX Trading to launch the whitepaper so that people can get to
know the project in detail?
Migør | ARTX: Thank you for the question, our medium acts as a whitepaper, in there we
comment all the details about products, value, roadmap and purpose of the
project.
sm0xth | ARTX: In terms of development, we already have a
fully functional product and we are starting to collaborate with different
strategic partners and clients
D. Папа Роуч: do you have any plans to release the whitepaper?
Migør | ARTX: Actually we already have a complete deck we usually share with partners
and clients, there would be no problem in publishing it
Gold Rocket | Satoshi Club: By the way, me very
interested in the question of your partnerships. with whom the relationship has
already been concluded and what are the plans in this direction.
sm0xth | ARTX: Our main partner is DEXTools. We are a Dext
Force Ventures project and they are leading our public launch. We are very
grateful to be able to count on such a solid and reputable team as DEXTools
Team, and to be able to take advantage of their experience and background.
D. Папа Роуч: thank you for answers guys! if you are ready we proceed to the next
question?
Gold Rocket | Satoshi Club: thank you very much for the
answer.
Migør | ARTX: Ok
sm0xth | ARTX: great! thank you!
D. Папа Роуч: let’s goooooooooo
Q3 from Telegram user @Highpee
ARTX Trading aim is to help in the management of investment and generate
passive income. 15% of the fund from presale will be used to create a Yield
feeding pool with all the profit from this pool used to buy $ARTX and 80% of
the purchased $ARTX will be shared to users who holds a minimum of 10,000
$ARTX. Why is the passive reward consideration only for big holders? Also,
1,000,000 of tokens has been reserved for distribution among top holders for less
positive periods. How do you determine “less positive period” and for how long
should a user hold to be eligible for distribution? Will there be opportunity
for the ‘not-too-whale’ investors to earn passively from platform?
D. Папа Роуч: @GoldRocket27 do you want to ask about tokenomics here? 👀
Gold Rocket | Satoshi Club: You know my favorite
question 😁❤️
sm0xth | ARTX: Regarding to the last question, small
investors who hold ARTX Tokens will benefit from the ever increasing buying
pressure that we aim to create. As we incentivize a large LTV and we will use
the profits to buy the token, this will aim to push the price up, and small
investors will benefit from this.
Migør | ARTX: Regarding the “less positive period”, during the research and
development of this project we have found that there are periods when the bot
performance is not as good as in other periods. For example, in the web you can
find dashboards of 2020 results in which you can see different kind of periods,
for those periods we have a 1,000,000 fund of tokens reserved for distribution
among top holders. We like to be conservative and have all possibilities
covered. For now, the results during 2021 are being extraordinary and you can
see the weekly performance since the beginning of the year in our site,
moreover the real time performance of our bot can be followed in our ARTX
Trading Tracker telegram group.
Gold Rocket | Satoshi Club: this is a very handy
feature!👍
sm0xth | ARTX: Users who want to be elegible for
distribution have to hold the token during a whole month, in a contractless
staking. This means thay we will take snapshots of the holder’s wallet and
users don’t have to lock or stack their funds in a smart contract.
Gold Rocket | Satoshi Club: Tell us please about your
tokenomics btw
D. Папа Роуч: important question 😄
Gold Rocket | Satoshi Club: I do my best 😁
sm0xth | ARTX: The pre-sale is comprised of three rounds, as
mentioned above, with the goal of raising $1.9 mn. The funds will be used to
create what we call the Yield Feeding Pool, which will help generate passive
income to ARTX Holders. In addition, as detailed on the website, it will be
used for the development and research of future strategies, so that we can
ensure rapid and organic growth of the project. This growth will translate into
an increase in the Yield Feeding Pool and passive returns to investors.
sm0xth | ARTX:
D. Папа Роуч:
nice! thank you for the informative answers! 👍
Q4 from Telegram User @yellowchamp
How does ARTX Yield Community Bot works? What are the pros and cons of
this community bot? What risk behind this bot if ever? How accessible is this
bot? Is this bot connected to any ARTX social group like in telegram? Thank you
sm0xth | ARTX: ARTX Yield Community Bot will trade using the
Yield Feeding Pool created after the pre-sale and its operation can be tracked
through a telegram group so that investors can see it in real time. The risk
profile of the bot is customizable, we will adjust all our products to squeeze
the maximum benefit while assuming the lowest possible risk.
D. Папа Роуч: and what is purpose of this bot?
sm0xth | ARTX: The 100% of the profits generated by this bot will be used to buy back ARTX Tokens and the 80% os those tokens will be distributed to ARTX Holders. In this way, investors will receive the profits of the bot in the form of yield.
sm0xth | ARTX: This is the performance of this bot during
March
Gold Rocket | Satoshi Club: That sounds good. good
feature!👍 Do you
want to add something or can we proceed to the next question😊
sm0xth | ARTX: we can proceed
Q5 from Telegram user @Wormz28
Talking about the security measures of your project, we all know
external audits are always good indicators to re-assure everything is fine with
the code, so has the ARTX smart contract been audited? If so, could you tell
and share with us any of your audit reports?
Migør | ARTX: The token has not yet been generated, but it is a basically a regular
ERC-20 token, we are relying on DEXT Tools’ team of auditors.
sm0xth | ARTX: Sure, security is key. We have to say that we
always work in a non-custodial way and our systems are not connected to
controversial systems that could compromise the safety of the funds. That’s one
of the reasons why ARTX Share works with contractless stacking.
Gold Rocket | Satoshi Club: absolutely right! safety
first! Thanks for the great answer! ready for the last question of this part?😉
Migør | ARTX: Yes, of course
Q6 from Telegram user @alice_wonderland12
ARTX wants to modify the browsing experience. Browsers are a
consolidated and mostly centralized field, how do you intend to get in with
such strong competitors as google and Brave, what extra does ARTX offer?
Migør | ARTX: Sorry, this question is not related with our project, we are not
creating any browser or anything like that
sm0xth | ARTX: We are creating a new way of wealth
management!
D. Папа Роуч: must be question from different AMA
sm0xth | ARTX: no prob! thank you
Gold Rocket | Satoshi Club: You can share useful links
and information with our community before opening the chat
Part 2 — live questions from the Telegram community
Q1 from Telegram User@Amila19932
I think Your project team is anonymous according to your website, If yes what is the reason for being anonymous? @sm0xth @mig0r
Migør | ARTX: Although we are anonymous we have done KYC with such a reputable company as DEXT Tools, they know us personally and they can verify our identities. However, the reason why we are anonymous is due to restrictions in our country regarding tax system.
Q2 from Telegram User@MihaiPisica
Hello
@sm0xth & @mig0r
Some of the Dextools Ventures Project ROI have very good ”x”-s, like Modefi – 40x; Sota – 10x; Ampnet – 20x. What “x” do you estimate ARTX can achieve?
sm0xth | ARTX: We do not like to estimate the price that this project may reach, but it is true that all projects that are supported by DEXT Force Ventures have been very successful, and there is no doubt that this is due in large part to the great professionalism and good work of the DEXTools team.
Q3 from Telegram User@nadee5
🙋@sm0xth
@mig0r
How can I buy $ARTX ?
sm0xth | ARTX: Public sale and listing will be soon announced. You can join our community telegram channel to be aware of all the announcements and news that we will be publishing: https://t.me/artxcommunity
Q4 from Telegram User@biggdata
Was the ARTX application tested for sufficient time and use scenarios? What is your rate of profitability as a result of the test?
Migør | ARTX: We have been working on our strategies for about 3 years, the strategies have been thoroughly tested since 2019, covering all types of scenarios (bullish and bearish periods). For example, on our website you can find detailed 2020 results with two of our strategies.
This is one of them:
For this specific strategy our average monthly profit is about 40%
Q5 from Telegram User@KhaleesiTheCryptoLady
In simple words, how can a retail investors be successful in
your Token and ARTX Share?
@sm0xth @mig0r
sm0xth | ARTX: Retail investors will benefit of holding ARTX Token and participating in ARTX Share in two ways: 1) Price, by the ever increasing buying pressure we will create, and 2) Share, receiving in your wallet the distribution of all ARTX that we will buy back with the profits.
Q6 from Telegram User@testercoin
How can rich people trust you guys to make wealth management for them?
Migør | ARTX: Our results are public and can be followed in real time. For example, they can check our profit results in 2021 and decide 😃
Q7 from Telegram User@smelekin
Big companies started to invest Bitcoin recently. What are the gains of Artemis this year when we compare it with just holding BTC?
sm0xth | ARTX: In this year, our Community bot achieved +1,500% profit since 1 January. We measure our profitability in comparison with major cryptocurrencies, such as bitcoin. As you can see in our tracker, the profitability of our algorithms far exceeds the profitability of bitcoin. In addition, our bots maximize market growth, so our strategies are more responsive to those movements. You can see the real-time comparison in our tracker: https://t.me/artxtrading
Q8 from Telegram User@cryptovgh
What are the plans on announcing major updates on 2021 according to your roadmap? Because 2021 will be great for crypto. @sm0xth @mig0r
Migør | ARTX: In 2021 we plan to release a several interesting products: BTC bot, long futures bot and short futures bot. With these tools we will be able to diversify our funds as much as possible and thus try to increase profits while reducing risks.
Q9 from Telegram User@surendra040
Hello!
You
mentioned that 10000 ARTX to be hold for a month to be premium holder.
Do
you have any incentives for biggest holders or number one holder. What
privileges and benefits are provided for premium holders in long run?
@sm0xth @mig0r
sm0xth | ARTX: ARTX Share tokens will be distributed on a proportional basis, so that the largest holders will receive higher returns, which will encourage the growth of the TVL.
Q10 from Telegram User@K2ice
Do you think 2021 will be a big year for ARTX?
Migør | ARTX: We think so, we are working very hard to make this year a great year for ARTX! 😃
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of ARTX . They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. GamerHash Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about GamerHash
For more details:
GamerHash – @GamerHashOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Phala Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Phala Network
For more details:
Phala Network – @phalanetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Orion Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Orion Protocol
For more details:
Orion Protocol – @orionprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NEWV.FINANCE Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about NEWV.FINANCE
For more details:
NEWV.FINANCE – @newvfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DxSALE Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DxSALE
For more details:
DxSALE – @dxsale
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in
Satoshi Club and we would like to introduce to you the AMA session with our
friends from XDEFI and our guest was Turbulence Wang. The AMA took place on 17th
March.
The AMA session was divided into 3 parts with a total
crypto reward pool of 500$
In this AMA Recap we will
try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Turbulence
Wang: I’m glad to share ideas from our project, xDeFi.com
We established a series
of protocols, all built over xDEX, our multi-asset AMM DEX which support LP
farming.
Thank you for the intro
@ciupidos
Today I will give a brief
introduction about what’s new on xDEX, in a couple of minutes 🙂
Mary
| Satoshi Club: Hello, guys! Happy to see you all here!
Let’s start our AMA 🚀
D. | Satoshi Club:
awesome 👍
Mary
| Satoshi Club: Sure! But let’s start with introduction 😀
Keep this deck for a
quick review or as a reminder for later reference
Mary
| Satoshi Club:Guys, please, introduce yourself and tell
us more about XDEFI 🔥
Turbulence Wang:
The first thing many
blockchain users may wonder is – Do we really need one more DEX? Uniswap and
1inch are the 2 most successful DEXes product on Ethereum blockchain. The
answer is yes, we still need multi-asset AMM DEX in the first place.
Mary
| Satoshi Club: Great! This intro will be awesome 🚀
Turbulence
Wang: Imagine you want to trade UNI for Sushi, UNI will
only give you a multi-hop choice which caused doubled gas consumption in this
transaction.
In Multi-Asset AMM DEXes,
multi-asset pools are still portfolios which provide liquidity simultaneously.
In conventional stock
market, ETF funds are usually composed by stocks in the same industry or in the
same style, like Bluechips, Growth, Pinkslip etc.
xDEX pools support pools
using 2 templates
Template A,
Altcoin-ETH-DAI-XDEX=32%:32%:32:4%
Template B, you can see
DEXes/NFTs/Aggregators/StableCoins/Lendings coins along circles and along axis.
Along the circles we have ETF funds of different marketcap, Along the axes we
have ETF funds of different industry.
Thus we call this
multi-asset DEX as spider net topology, Instead of star like topology of
Uniswap, trading routes are shortened.
Turbulence Wang:
One more important
progress we’ve made is pool deduplcation for multi-asset pool model. You can
check Kyber / Balancer pools , many different pools have similar tokens, so the
liquidity is fragmented into different pools. User experience is degraded for
slippage is higher if we do no pool dedup.
Mary
| Satoshi Club: Impressive!
Turbulence
Wang: Certainly, pool dedup work is by default done by
Uniswap. So xDEX is featured with: Shortened routes, together with pool
deduplication.
Once liquidity is merged
rather than fragmented, you can see the overall Turn Over Ratio (Daily Exchange
Volume / Total Value Locked) is higher. For some certain pools in
Kyber/Balancer, this index shows a pretty good liquidity. In most pools, this
index falls much lower than Uniswap.
Another way to optimize
slippage is constraining asset weights.
We’ve observed that many
pools in Balancer is 98%:2% which almost provide no liquidity.
Keeping the weights
balanced in the first hand could enhance the turnover ratio, and one step
further, if weights ratio are integers, we adjusted the code by a little so
that solidity codes will be executed with lower gas amount.
Finally, we think
1inch.exchange understand traders very well – They do abstractions for
different trading scenarios, to save gas for users, or to give users chances to
trade under lowest slippage.
xDEX tackled crypto
trading scenarios case by case, and optimize certain scenarios for altcoin
traders:
D.
| Satoshi Club:[ 👍 Sticker ]
Turbulence
Wang: Alt/Mainstream, Alt/Alt scenarios are optimized in
their own scenarios.
ETH/DAI trading remains
the same as ordinary DEXes
So If you still have
questions about in what aspects xDEX differs from other DEXes, plz save this
table:
Here are some hints about
how a solidity programmer or a scientist to save gas in their works
xDEX will keep
permissionless and trustless.
… and also enhance user
experience.
We cherish our core
users, especially for traders. Here is a diagram depicting the interactions
between different user groups. As we can see, altcoin traders, portfolio
holders, token issuers and DAO participants are all welcomed in this ecosystem.
Anyone familiar with DeFi
farming will digest this diagram in 10 sec 🙂
Here are some statistics,
dirty data removed. More than 10k old addresses experience our products.
Mary
| Satoshi Club: Wow, excellent introduction 👏👏👏
Thank you for this!
D.
| Satoshi Club: thank you! i think this is the most
impressive intro we ever had in Satoshi Club 😄
Turbulence
Wang: We will launch on Ethereum blockchain first. Some of
our testnet users complain about gas consumptions on ETH… They urged us to
deploy our projects on EVM chains like BSC.
Yes, we’ve already got a
plan, stay tuned for the official announcements.
Turbulence Wang:
We won’t issue more
tokens but will use cross-chain bridge solutions.
D.
| Satoshi Club: this is will be a very nice upgrade 👍
Turbulence Wang:
And one more thing… plz play around on our multi vesting tool,
xHalfLife Protocol is
already used in our financing activities. All investors have 80% tokens vested
in smart contract, and this part will be unlocked block by block. The speed is
exponentially decaying.
Mary
| Satoshi Club: Thanks! A lot of useful info!
Turbulence
Wang: Different from all other competitors, xHalfLife is
repetitively refundable.
Mary
| Satoshi Club: We will have question about xHalfLife
from our member later😉
Turbulence Wang:Plz play around on halflife.kovan.xdefi.com ( so you won’t spend true gas :):):) )
Turbulence
Wang: Sure. Sablier Protocol is adopted by Sushi and
Vesper, but think about a refundable money stream!
We’ve still got tons of
work to do in the next 6 months, but xDEX, xHalfLife will launch soon.
Mary
| Satoshi Club: We definitely will wait for the launch!
Turbulence
Wang: If anyone is interested in any part about our
projects, ask us anything here & now , anything on twitter and discord 🙂
OK we can start Q&A
now 🙂 I’m happy to have this chance sharing our ideas.
@madamlobster
@Cool_as_Ice
Mary
| Satoshi Club: Let’s go 🚀 and thank you for intro one more
time 👏
Q1 from Telegram
User @Korryl
I read that the protocol
stack of xDeFi was launched on the Ethereum Kovan testnet and now already
finish. Can you share the detail of xDeFi test in Kovan testnet, is it success
with no bug? What are your plans after successfully carrying out this test,
will there be further tests with more activity reward to user or xDeFi will
launching immediately?
Turbulence
Wang: In 2 rounds of Kovan testnets we collected many
around 80 bugs, less in contracts, much in frontend.
Mary
| Satoshi Club: But this round is still alive, right?
Turbulence
Wang: After 2nd testnet ended at Mar.10.2021, we tested our
projects 3 more rounds to tackle problems.
Our code auditors put
their effort mainly on Solidity contracts, we still have more to fix and
cooperate with our auditors to give out their final opinions.
Thank you.
As soon as we are given a
final opinion of “low risk” for our newest version we will launch our
projects.
Mary
| Satoshi Club: But do you have approximate dates?
Turbulence
Wang: No 2nd round is ended. Team tested products for 3
more rounds for our own usage
in 1-2 weeks 🙂
Mary
| Satoshi Club: Wow, almost here🚀
Thank you for your
answers! Ready to proceed?
Turbulence
Wang: Cool
Q2 from Telegram
user @Antoni_azx
XDefi smart contracts has
passed two auditions, one by Certik and one by SlowMist, so it seems that
everything is safe and bug-fixed, but what can you tell us about the security
protocol of the platform itself? How is the whole infrastructure safe from
scammers and hackers?
Turbulence
Wang: Nice questions. We will launch xDEX protocols
(including swap, liquidity, pool proxies), FarmMaster protocol (tokens farmed
will be minted) and xHalfLife(vesting), the 3 most important part in our
product.
CertiK and Slowmist give
the audit opinions protocol by protocol.
Mary
| Satoshi Club: So, they audited everything?
Turbulence
Wang: Yes composability sometimes causes risk — Think about
Furucombo, Sushi repurchase and Balancer farming. All we can do is testing the
behaviours under different corner cases.
Protocol by protocol
D.
| Satoshi Club: will you do another audits before the
launch of mainnet?
Turbulence
Wang: Everything always kept opensourced on
https://github.com/xdefilab
Mary
| Satoshi Club: Yes, i remember this accidents
Turbulence
Wang: Slowmist and CertiK tracked our newer versions,
responsible for newest version
If onchain version
different from the version they’ve audited, they will give alarms on their
homepage to make sure the users are using a safe product.
Check their homepage to
make sure Our newest verion == Version Audited
Mary
| Satoshi Club: So, they are tracking projects they were
auditing?
Turbulence
Wang: They are working on the diff right now. As long as we
have a newer version, we will cooperate with them to review the differences in
codes
Mary
| Satoshi Club: Gotcha! Thank you!
Ready to jump to the next
question?😀
D.
| Satoshi Club: got it, good to know such nuances 👌
Turbulence
Wang: This working standard is recommended by all of our
auditors.
D.
| Satoshi Club: thank you for the answer! let’s proceed
to the third question 😊
Q3 from Telegram
user @garrinepotter
Tell us about the
economic model of the XDEX token. Distribution, blocking and, of course,
inflation of 19%. Why is inflation so high and what measures are provided to
reduce it?
Turbulence
Wang:Good question, I happened to organize the detailed
info after our seed round investment closed
From our BP deck
Take a closer look but
there is a newer version in our Discord.
0.58M Kovan Testnet Round
1, Round2, and Invitation Airdrop
0.1M BSC Grant Event Airdrop
0.225M PentaLaunch IDO
1.5M Initial Uniswap
Liquidity
0.9M Other Initial
Liquidity
8.5M Continuous
Financing, DAO, and Introducing new partners, Multi-Sig
Mary
| Satoshi Club: When you plan to close seed round?
Turbulence
Wang: Already closed, raised about 90M USD 🙂
not a huge one :):):)
Mary
| Satoshi Club: Wow! Congratulations!
Turbulence
Wang: Total: 100M tokens + 19M tokens per year for Farming
D.
| Satoshi Club: haha nice joke 😁😉
Turbulence
Wang: 75M + 19M per year are rewarded to LP farming!
And , information fully
disclosed ( even including our multi-sig account!)
Interesting part is :
36.6M TVL Milestones
–
0.3M TVL Milestone 1 (TVL 1M)
–
0.3M TVL Milestone 2 (TVL 10M)
–
0.9M TVL Milestone 3 (TVL 100M)
–
2.7M TVL Milestone 4 (TVL 1B)
–
8.1M TVL Milestone 5 (TVL 10B)
–
24.3M TVL Milestone 6 (TVL 100B)
Mary
| Satoshi Club: Your plans are as huge as amount you
raised😉
D.
| Satoshi Club: so total supply of token is infinite? if
im not mistaken
Turbulence
Wang: 1M-10M easy, 100M-1B a little bit harder, 10B-100B
DeFi #1
Inflation rate close to
Ethereum and Filecoin – 19%
D.
| Satoshi Club: got it
Mary
| Satoshi Club: Thank you for answers! Are you ready for
the next question?
Turbulence
Wang: Eth about 40M in CEX/DEX es, 5M mined per year, 12%
inflation. This morning Filecoin announces a halving, 368K per day over 700M
which is also 10-20% inflation. An open system will always welcome the new
comers, as long as crypto world grows 30-70% per year. Under 20% is safe.
Mary
| Satoshi Club: Nice math😀
Turbulence
Wang: Much more tokenomics design principles here, hope
this to be helpful for others who is designing one
https://xdefilab.medium.com/on-design-of-tokenomics-pow-cryptocurrencies-de-fi-tokens-and-xdex-80c71f665dee
Hope I didn’t do it wrong
in several seconds lol
We discussed 10+ Pow/DeFi
tokenomics!
Mary
| Satoshi Club: No, i got it😂 btw, can you tell
is it possible that you will also change your tokenomics?
Turbulence
Wang: Plz take a quick review 🙂
Turbulence
Wang: Tiny adjustments will be done within these 3 parts
1.5M Initial Uniswap
Liquidity
0.9M Other Initial
Liquidity
8.5M Continuous
Financing, DAO, and Introducing new partners, Multi-Sig
But numbers won’t vary
too much, 8.5M part will used for 2 more rounds of continuous financing . About
1.5+0.9 will be responsible for initial liquidity
9.6M Stage 1 + 9.6M Stage
2 + 9.6M Stage 3 + 9.6M Stage 4 + 19M per year for liquidity farming (38.4M +
19M per year)
0.58M Kovan Testnet Round
1, Round2, and Invitation Airdrop
0.1M BSC Grant Event Airdrop
0.225M PentaLaunch IDO
Mary
| Satoshi Club: With this numbers i need more time😂
Turbulence
Wang: These will remain unchanged … The reason we won’t
modify these parts : We’ve already tested the economic system robustness in 1st
round of testnet.
Mary
| Satoshi Club: But i am sure you prepared perfectly 😀
Turbulence
Wang: Yes we do. We make assumptions, we prove some in
Testnet activities.
Vesting helps so much in
keeping the price go smoothly — But our vesting period is much shorter than
Sushi farming / Filecoin mining
Mary
| Satoshi Club: I wish you that everything went as
planned and tested!🚀👏
Turbulence
Wang: Thank you!
Q4 from Telegram user
@Highpee
There is an initiative
you borrowed from Half life principle of radioactive elements which you called
xHalfLife. You said xHalfLife is a better alternative to token vesting as it
will offer effective and equity distribution of tokens which can be helpful in
case of emergency which require emergency withdrawal. What model will xHalfLife
be using to offer a slow at the same time fast method of unlocking equity which
users can use to improve their lives? How are users funds categorised into
delayed income and recorded income and for what purpose is this division?
Mary
| Satoshi Club: Where we will be able to trade your
tokens?
Turbulence
Wang: Uniswap, and our own xDEX.
Mary
| Satoshi Club: 👍
Turbulence
Wang: Professional question.
The reasons we choose
Halflife: 1. Half-life means (faster in
the early stage, later in the latter stages). Instead of 1-time linear vesting
used in payroll, Half-life is designed for stock/share/token vesting.
Stocks/Shares/Tokens are to be expected to goes higher right? In the latter
stage, the token price also goes up too. As long as the incentives are not
stablecoins, you can expect the exact value this halflife is emitting is
smooth.
Less amount emitting with
a higher price = stable in value.
Hope I made this clear.
Mary
| Satoshi Club: So, you’re sure that token price will
only get go higher?😀
Turbulence
Wang: 2. xHalfLife stream is refundable, it’s very
different from 1-time linear stream. Project founders incentivized colleages
repetitively. Halflife pattern is the only way to save tons of gas, or you will
create many streams. If you adjust linear streams as refundable, keeping track
on history is much more expensive.
Mary
| Satoshi Club: Ok, it needs more time than some seconds
which i have now😂
but as i see the timeframe is from 2020, right?
D.
| Satoshi Club: will you planning to add any deflationary
mechanism? token burning is a kinda popular strategy nowadays 🔥 😇
Turbulence
Wang: If token issues have strong token management and
strong execution power, it will. Please take a look at $NVDA and $MSFT. KEEPING
REPURCHASE is the vital part, and halflife is only a tool.
Turbulence
Wang: KEEPING REPURCHASE means the BUSINESS is a
continuously profitable one… DEX is.
Mary
| Satoshi Club: Got it! Will go through this article one
more time after AMA! Thank you!
Turbulence
Wang: We started to opensource our projects since Sep 2020,
and I took some time working on Medium
Woo a tricky one. We
don’t want to make obstacles for the new comers, a tiny inflation is good for
me by now 🙂 Burning strategy is cool, if our operating revenue is sufficient
we will consider burn the 8.5M part
We always reward our
liquidity providers ( this part causes a 19% inflation, don’t be startled).
Those tokens are not for
our team — for expanding the whole ecosystem.
8.5M part, in our
original plan there will be 2 more rounds of private placement.
Mary
| Satoshi Club: Yes, you have a good incentives for your
liquidity providers😀
Turbulence
Wang: If 1 round is enough, we shall consider token burning
strategy ( in case token hodlers are afraid of dumping)
Keeping faith is as
important as incentivizing
Thank you for suggestions
🙂
D.
| Satoshi Club: you are welcome! thank you for the great
answers! 😄
and the next question…
Q5 from Telegram
user @h1drX
The AMMs have found a
niche in the DeFi space for their simplicity and ease of use, but can you tell
us the formula of the protocol that xDefi uses? That is, Uniswap uses x · y =
k, where x is the amount of one token in the liquidity pool, and y is the
amount of the other. In this formula, k is a fixed constant. What is the
protocol adapted to xDefi and why did you design it that way?
Turbulence
Wang: x^a*y^b*z^c = k is a natural expansion for Uniswap
model, and the smart ones will notice this is exactly the Balancer
model(Dec.2019, Beta Testing). We respect their efforts on expand the AMM
borders. I love their products too! These codes can be found in BAL repo and
our repo, we think the math model is good enough, but there’s clearly much
space to optimize if c/a is decimal or a large integer. As I mentioned
according to the deck, c/a will be “small integers”, saving gas, and
reducing slippage.
Hope I made this clear 🙂
We respect all the works that Uniswap and Balancer achieved, they are pioneers.
Mary
| Satoshi Club: Who made all this math?😀
You?
D.
| Satoshi Club: i hope techies happy with that answer 😄
Turbulence
Wang: No, the first one made it clear is Fernado Martellini
@ BalancerLabs 🙂
Mary
| Satoshi Club: I am really interested how many talented
persons in your team)
Turbulence
Wang: A very natural expansion on Uniswap and the idea is
super cool
Mary
| Satoshi Club: I mean all math for XDEFI😉
Turbulence
Wang: Gas saving part, me and our CTO 🙂
Mary
| Satoshi Club: Applouds 👏
Turbulence
Wang: Tokenomics part by me and all the things packed up by
CTO … He’s familiar with EOS/Solidity/Substrate dev
We solve very special
topics that other teams won’t meet… like gas saving on xHalfLife. Generally
speaking, functions like sqrt(x) given
by Uniswap and x to the a th power x^a given by Balancer has almost no space to
optimize.. These are basic functions. Gnosis team and OpenZeppellin team also
spend huge amount of time working on solidity math libraries.
Mary
| Satoshi Club: It’s one of the most professional done
tokenomics i have ever seen 😉
And just one 6th question
from this part left 😉
ready?
Turbulence
Wang: I’m OK with the next one 🙂
Q6 from Telegram
user @yellowchamp
One of your Long-term
topic is an xNFTEX in which NFT traded through AMM. So, can you tell us how
does xNFTEX works? As NFT traded through AMM, what underlying risk we can
expect from it? In other way, what advantage when NFT traded through AMM in
XDefi platform?Thank you
I shared very limited
ideas about NFT liquidity. In the medium article, I mentioned several projects:
1. Unisocks: Socks
auctioning at a Uniswap bonding curve. $100K per pair of socks to redeem this
is INSANE!
D.
| Satoshi Club: haha yeah 😄
Mary
| Satoshi Club: Ok, let’s go from this side😂 you’re great in
math and another complex things😉
Explain in simple words
how this will work😀
For example, Mary want to
sell NFT
Turbulence
Wang: 2. NFTX: A very active project cooperating with Axie
NFTs and …. the famous HashMask project. HashMask are opened from Gatchas
randomly, but in NFTX, HashMasks are repacked to Gatchas, and the price is
still… 1.7ETH. About 800 Hashmask repacked Gatchas, all at 1.7ETH. NFTX shows
a potential power in providing NFT liquidity
Think about a token
issued with 0 digit in decimal … Theoretically, easy for Uniswap
and technically, a little
bit harder for us but still OK
A concept is given in
https://xdefilab.medium.com/on-knapsack-problems-auction-mechanisms-and-nft-standards-39438d48898d
and I will copy a chapter here in this
in this tg channel
4 A Liquidity Design
Proposed by xDeFiLabs
After referring to
UniSocks, Perpetual Protocol, NFTX, and other projects, xDeFiLabs proposed a
demo of the NFT Gatcha first-time auction system based on vAMM:
4.1 Mathematical model:
(vaE+ aE) * (aG+vaG) = C
4.2 Uniswap-style pool
setup:
One side is the Ethereum
pool, with Etherum amount aE.
There is also a number of
virtual Ethereum of amount vaE.
On the other side is the
NFT list. The composition of the list is {sold NFTs (wish list)}, and {unsold
NFTs}. The length of the list is determined when initialized. {unsold NFTs}
amount aG participates in the calculation, and the initial status of {sold NFTs
(wish list)} is the empty set.
There is also a vaG
parameter, the number of virtual Gatchas.
C is the constant
product.
4.3 Bonding Curve
If a pool is initiated in
the way that 4.1 and 4.2 proposed, gatcha price will go up (increasing marginal
cost). Considering a relatively fair auction, the price of the last Gatcha in
the pool will not be too expensive.
4.4 An Example:
Gatcha ask and bid prices
will be discrete:
Ask price:
C/(aG+vaG-1)-C/(aG+vaG)
Bid price:
C/(aG+vaG)-C/(aG+vaG+1)
With some initial
parameters setup:
1st Gatcha price fp=
~0.25ETH
Highest Gatcha price hp =
~1ETH
Initial aE = 0
Initial aG = 100
Virtual amount parameters
will be deducted as:
vaG = sqrt(ep/sp) *
Initial aG — Initial aG = 100
vE = (Initial aG +vaG)*fp
= 50
C = vaE * (Initial aG
+vaG) = 10000
Each time a Gatcha is
bough from, or sold back to this pool, ask and bid price will shift
accordingly.
4.5 Smart Contract
Structure:
A A pool of ETH
B An ordered dictionary
of ERC721, which records sold/unsold Gatcha status
C Parameters
D Contract calculating
ask/bid logic, refer to Uniswap
E The confidential
contracts and necessary random number generators.
F A front-end displaying
necessary information.
The long-tail liquidity
of the NFT marketplace will be stimulated, instead of an “Art Hype”, this setup
is close to the logic of Italian art collectors to trade any possible
combination of the collection in their community.
Okay a little bit
verbose. The most important part is 4.5.E The confidential contracts and
necessary random number generators. For example.. I’m a MTG fans (Magic the
Gathering), if I want to exchange a planeswalker “Jace Beleren” out,
I won’t be happy to receive an ordinary card. Maybe I’m happy with another card
of extreme scarcity “Garruk”
How can we keep some of
the information on NFT to be confidential, and other info revealed?
D.
| Satoshi Club: yes, how?
Turbulence
Wang: NFTX and Muse gave out simple answers. We will keep
research on that.
Through another NFT
standard, maybe
NFT has to reveal some of
their information partially, to ensure “rare card for rare card”
This must be ensured. in
NFTX the information is manually collected.
Mary
| Satoshi Club: Oh, i am starting to understand 😂
Turbulence
Wang: We’re working on this one…
D.
| Satoshi Club: so you are working on a new NFT standard?
😉
Turbulence
Wang: Rare card for rare card, you’ll get a market with
higher liquidity since “NFTs are classified by their levels of value”
Mary
| Satoshi Club: In simple words it means that i will be
able to exchange one class nft for another with the same class, right?
Turbulence
Wang: Not now, we get tons of work to do on xDEX🤣
xNFTEX is really about a concept now. We collected some information about
trading platforms, different standards on NFTs, and other technical topics like
“order preserving encryption on solidity”
Right.
D.
| Satoshi Club: [ 👍 Sticker ]
Turbulence
Wang: Search “order preserving encryption on
solidity” and Google gave me nothin😅 have to seek cooperation with other
teams working on privacy stuff
😅
Mary
| Satoshi Club: This it what i have not seen yet, but i
don’t have doubts that we will see with your help!
Turbulence
Wang: Will keep research on that!
Mary
| Satoshi Club: Give some topics to be covered for Google
😂
Turbulence
Wang: 😂
Mary
| Satoshi Club: Thank you for your answers! It was really
great!
D.
| Satoshi Club: indeed!
i think now it’s time for
the second part of AMA😇
Mary
| Satoshi Club: I think a small storm from our users
won’t scare you😂
Turbulence
Wang: I feel happy to have this chance sharing our ideas
Turbulence
Wang: It’s Okay 🤣
Mary
| Satoshi Club: 👍
D.
| Satoshi Club: @tturbulence_xDeFiLabs big thank you for
answers in part 1! we will open chat for 2 minutes, after chat will be closed –
you can start select questions from Satoshi Сlub members!
