{"id":4492,"date":"2020-12-28T00:51:12","date_gmt":"2020-12-27T22:51:12","guid":{"rendered":"https:\/\/esatoshi.club\/?p=4492"},"modified":"2020-12-28T00:51:28","modified_gmt":"2020-12-27T22:51:28","slug":"dextoken-protocol-x-satoshi-club-ama-recap-from-19th-of-december","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/12\/28\/dextoken-protocol-x-satoshi-club-ama-recap-from-19th-of-december\/","title":{"rendered":"DEXToken Protocol x Satoshi Club AMA Recap from 19th of December"},"content":{"rendered":"\n<p>Today we are glad to tell you about\nthe AMA session with our friends from <a href=\"https:\/\/t.me\/Dextoken_Official_Group\">DEXToken Protocol<\/a>. The\nAMA took place on December 19 and our honorable guests were <a href=\"https:\/\/t.me\/AlistorZimon\">Alistor Zimon<\/a> and <a href=\"https:\/\/t.me\/itsmichel\">Rim Slim<\/a>.<\/p>\n\n\n\n<p>The total reward pool was 2000$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce\nour AMA session with DEXToken Protocol! welcome to Satoshi Club. &#x1f600;<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>Glad\nto be here! &#x1f60a;<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Hi\nguys!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>How\nwas your day? &#x1f603;<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>To be\nhonest pretty crazy. I woke up this morning to a 40% price increase overnight,\nit seems like your community has been looking forward to this AMA. We have been\nworking hard the last months so it\u2019s good to be able to show our product\nfinally.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Oh,\nit could be! You have a lot of news as i see recently &#x1f603;\nbut let&#8217;s start with your intro first and intro of your project!<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>I&#8217;m\nAlistor, a long term crypto investor and blockchain enthusiast. I&#8217;ve joined the\nDEXToken Protocol to aid their business development team in August.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong><a href=\"https:\/\/t.me\/AlistorZimon\">@AlistorZimon<\/a> introduced me to this\nproject, the team behind it and asked me to join to help with the community and\nthe communication. I&#8217;m happy to say the more I have been involved the more\ninteresting it gets.<\/p>\n\n\n\n<p>Me myself have a similar background as to crypto and I help\nwith the translation of the &#8220;tech&#8221; and our community.<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>The\nDEXToken Protocol is quite ambitious and serves several purposes. For the sake\nof simplicity, I\u2019ll try to keep it brief. At the core is the decentralized\nDEXToken Swap exchange, featuring an advanced and unique AMM which outperforms\nexisting AMM models in regards slippage prevention and performance.&nbsp; The $DEXG token serves as a governance token\nfor the DEX and Protocol and will reward $DEXG holders with a share of the\nglobal transaction fees on the DEX. Digging deeper, we connected the DEXToken\nProtocol with the Flowchain ecosystem, utilizing its IoT off-chain\ncapabilities.<\/p>\n\n\n\n<p>Combining these cornerstones we are creating a powerful DeFi\nprotocol benefiting private users and enterprises alike.&nbsp; Now I believe most of this will sound quite\nambiguous to most people, but I&#8217;m sure this AMA will help to increase the\nunderstanding of what we are building.<\/p>\n\n\n\n<p><strong>Q1 from Telegram user\n@isd_orban<\/strong><\/p>\n\n\n\n<p><em>Your staking programs\nare inspired from Greek mythology: \u2018IGNITION\u2019, \u2018LUNA\u2019, \u2018CALYPSO\u2019, \u2018PANDORA\u2019,\n\u2018PROMETHEUS\u2019, HYPERION. Who are next? Hercules, Poseidon? who came with the\nidea to name them this way?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Aah\nyes, I&#8217;m happy you picked up on that. Since our staking has 8 rounds, we wanted\nto only to make sure every round has its own identity, but also have a nod at\ncrypto in general. Although the names come from Greek mythology, we are\nactually referencing 7 moons.<\/p>\n\n\n\n<p>And the first round, which was ignition, was the stepping\nstone for our project. To the moon, but 7 times!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1000\" height=\"561\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/DT2.jpg\" alt=\"\" class=\"wp-image-4494\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT2.jpg 1000w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT2-300x168.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT2-768x431.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Do you have full guide how to join Hyperion?<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>We have a guide on how to join the medium rounds\nposted on our medium account. The process for Hyperion is the same as for our\nprevious rounds. For reference see: <a href=\"https:\/\/medium.com\/@dextoken\/dexg-luna-staking-round-161641489913\">https:\/\/medium.com\/@dextoken\/dexg-luna-staking-round-161641489913<\/a><\/p>\n\n\n\n<p>In a few simple words, people can\nbuy DEXG, add them to our <a href=\"https:\/\/pools.balancer.exchange\/#\/pool\/0x5b18df96d3c8b9f1d1b9e38752498f92d1e2d490\/\">Balancer\nPool<\/a> and use the received Pool tokens to stake at <a href=\"https:\/\/stake.dextoken.io\">https:\/\/stake.dextoken.io<\/a> to receive more\nDEXG. <\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong><a href=\"https:\/\/dextoken.medium.com\/presenting-hyperion-dexgs-6th-staking-round-28b5f0ced8fa\">https:\/\/dextoken.medium.com\/presenting-hyperion-dexgs-6th-staking-round-28b5f0ced8fa<\/a><\/p>\n\n\n\n<p>This is the article for our latest\nround, it contains all info, and of course we are always ready for questions in\nour communities.<\/p>\n\n\n\n<p><strong>Q2 from Telegram user @blockmen<\/strong><\/p>\n\n\n\n<p><em>It\nis very original to distribute all the remaining tokens through staking in 8\nstages. At the end of the 8th stage there will be 48150 tokens. However, I see\nthere is a final mint stage of 3500 tokens. To whom they will be distributed\nand what about the tokens left until the total 55000 supply?<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon:<\/strong>We expect\na total supply of 55,000 DEXG after the final round concluded. This includes\n10% of Team and 10% of Fundraising tokens (Marketing, Partnerships). 2,000 of\nthese have each been minted in round 1 already, the 3,500 are the remaining to\nfill the 10% quota.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Are team tokens locked? If yes, for what\nperiod?<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>This is our latest projection for the supply\nevolvement including the final staking round and mentioned final mint. There\nwill be no additional tokens minted after that.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1000\" height=\"488\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/DT3.jpg\" alt=\"\" class=\"wp-image-4495\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT3.jpg 1000w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT3-300x146.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT3-768x375.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>All tokens will be circulating\nsupply, since we neither want partners, private investors or single team\nmembers, as well as contractors discouraged to engage with the platform or\ndoing their best for the project.<\/p>\n\n\n\n<p><strong>Q3 from Telegram user @filippsubzero<\/strong><\/p>\n\n\n\n<p><em>I&#8217;ve\nread your disclaimer and I&#8217;ve seen something interesting. I&#8217;ve never seen a\nproject mentioning that: Moreover, advances in cryptography, or technical\nadvances such as the development of quantum computing, could present risks to\nthe DEXG and the platform, including the utility of the DEXG for obtaining\nservices, by rendering ineffective the cryptographic consensus mechanism that\nunderpins the Ethereum protocol.<\/em><\/p>\n\n\n\n<p><em>We\nknow there is a lot of speculation around this subject but no proof yet. Don&#8217;t\nyou think that if there will be a solution to easily decrypt, then we will have\na solution to encrypt as well? These things come at the same time. So, I don&#8217;t\nthink we have to worry about this. Tell us your opinion about this and why you\ndecided to add this in the disclaimer.<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>Interesting mention! The crypto sphere in general\navoids mentioning the risks associated with investments or the technology.\nHowever, Quantum Computing poses as a high risk factor as it is able to make\nthe existing algorithms redundant and we think that it&#8217;s only fair to mention\nit towards potential investors.<\/p>\n\n\n\n<p>Yes, I&#8217;m sure that cryptography can\nadvance to a more complex state leveling the advantage of quantum computing\nagain. In its current state the Ethereum network, or all cryptocurrencies,\nwould be prey to such a technological advancement though.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Also please keep in mind, this isn&#8217;t really a question\nregarding DEXG specifically but one that affects all of crypto, internet,\nbanks, airlines and even things like using your phone and how its connected to\nnetworks.<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>Since our dev team takes high interest in the quant\ntheorum it got our attention and for transparency reasons it found its way into\nour disclaimer.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Doesn&#8217;t he want to create his own quantum\ncomputer?<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Our CEO is a quantum mind! No need &#x1f609;<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>Well,\ncertainly our lead dev Jollen Chen has a high interest in quantum technology.\nWe&#8217;ll let you know when we made that technological breakthrough! &#x1f609;<\/p>\n\n\n\n<p><strong>Q4 from Telegram user\n@dani_minkovicz<\/strong><\/p>\n\n\n\n<p><em>You implemented the\nbrand-new Speculative AMM. I&#8217;ve tried to understand it&#8217;s functioning principle\nbut I am not tech. I didn&#8217;t quite get the point. How does it determine the\nprice of the token based on the volatility?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Oh boy,\nthis is so fascinating but also hard. We have published a technical paper, and\na whitepaper after as well where we explained it a bit more plainly, but it\u2019s\nstill complex. Beautiful but complex.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Yes,\nI was reading twice&#x1f602; but still don&#8217;t fully\nunderstand Speculative AMM.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>We will\ntry to bring it back to basics as much as we can, here goes:<\/p>\n\n\n\n<p>Put in another way, every user will have a private version\nof the algo running while connected to our dex, and since the algo is based on\nvolatility, supply and many more parameters it can make this decision independently.\nThis is really groundbreaking.<\/p>\n\n\n\n<p>Why is this groundbreaking you may ask? Well safety in DeFi\nis a big concern. People getting rug burns from rugs being pulled, lots of\nattack vectors. So any info you take in from an outside source has the\npotential for manipulation. Another big one and the basis of why our DEX is\nsetting out to become the next technological baseline in DEXES is the fact it\u2019s\nso efficient at pricing, slippage will become less and less of an issue.\nEveryone who bought something on Uniswap knows this. You press the button and\nhope it will go well, we are fixing this!<\/p>\n\n\n\n<p>The biggerr the overal DeFi space, the more effective our\nalgo will be. This means a positive feedback loop, in favor of our own dex and\nour users of course.<\/p>\n\n\n\n<p><strong>Alistor Zimon:<\/strong> Actually\nthere is no basic way to explain the AMM, since it&#8217;s all based on complex math\nand quantitive finance. We created the Tokenomics Research Center in Taiwan in\ncooperation with the Mathematics dept. of the National Taiwan University and\nthe Quantitive Finance dept. of the National Tsing-Hua University in Taiwan.<\/p>\n\n\n\n<p>The result of this cooperation can be seen here: <a href=\"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3341105.3373891\">https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3341105.3373891<\/a>\n<\/p>\n\n\n\n<p>Looking through this document, the complexity of the AMM\nwill become obvious. The Speculative AMM utilises this set of fomulas\nautomatically calculate and adjust the pricing.<\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/esatoshi.club\/wp-content\/uploads\/3341105.3373891.pdf\">DEXToken Doc<\/a><a href=\"https:\/\/esatoshi.club\/wp-content\/uploads\/3341105.3373891.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p>It&#8217;s a mathematic algorithm if you will, that runs on the\nsolidity code of Ethereum to fulfil its function.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"626\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/DT4-1024x626.jpg\" alt=\"\" class=\"wp-image-4496\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT4-1024x626.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT4-300x184.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT4-768x470.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT4.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Since Rim mentioned slippage, let me share this comparison\nof our AMM with the Constant Product function AMM, which is used by Uniswap for\nexample. Our AMM manages to smooth out the trade execution a lot more\nefficient, which allows for a decreased impact of the slippage.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>But\ninto simple words though, you will be left with more tokens, less fees and more\nsecurity. And this in a beautiful package that we will implement in many\nmarkets!<\/p>\n\n\n\n<p><strong>Alistor Zimon:<\/strong> Losses\ndue to slippage are a huge factor, especially when we start to speak about the\norder magnitude of institutional investors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"584\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/DT5-1024x584.jpg\" alt=\"\" class=\"wp-image-4497\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT5-1024x584.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT5-300x171.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT5-768x438.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT5.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>(Thanks to Peanut Trade and ICO Analytics to provide this\ngraph and data at this point).<\/p>\n\n\n\n<p><strong>Q5 from Telegram user\n@mag_crypto<\/strong><\/p>\n\n\n\n<p><em>In your latest Dev\nupdate (Security, Security, Security), you mention the Oracle Exploit of 89\nmillion$ on compound. It is related to the manipulation of the price on one\nexchange, which set in motion other events. Tell us how are you going to\nprevent such event in your ecosystem and was your plan tested in reality or for\nthe moment it is just a theory?<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>First\nof all, we don&#8217;t rely on external oracles, so it&#8217;s impossible to utilise an\nexploit like this against our platform. The AMM derives the pricing data\ndirectly from the underlying blockchain, in this case Ethereum.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Yeah,\nthis loops back into what I just mentioned. We can&#8217;t be manipulated through\noutside info like in this case. In this case there was manipulation on one\nexchange, and this price value was given too much weight, which pushed many\nloans into liquidation.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>As\ni remember that was Compound, right?<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Yes,\nalthough the exploit was to abuse the weighted average of what fed the oracles\nprice.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>So,\nmanipulations are impossible with DEXToken Protocol?<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>This\nmight always be possible in a way, but you can do your best to avoid it and\nthis is what we do.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club:<\/strong>\nAlright, one more question from me, what about your platform security?<\/p>\n\n\n\n<p><strong>Rim Slim:<\/strong> This is\nwhy we have bug bounties, use various external security firms, use onchain analysis\nand are enough to understand here is always someone who is smarter than you.<\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>For\nour DEX we will open the code and command line to the public with the upcoming\npublic beta and hold a bug hunt. At the same time the code will be revisited by\nat least two security audit companies for final clearance. Our platform has\nbeen designed with maximum security in mind, which is also part of the\nreasoning why we coded it from scratch ourselves.<\/p>\n\n\n\n<p><strong>Q6 from Telegram user\n@Antonerem<\/strong><\/p>\n\n\n\n<p><em>Flowchain Foundation,\nyour company, was established in 2018. What have you achieved in the previous\nyears since the foundation and what were you mainly focused. With what\nsuccesses and problems on the road.<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Now\nthis questions harks back to our Ceo Jollen Chen. You have to understand that\nDEXG isnt just a standalone dex which is being developed. It is part of an\necosystem that Flowchain has been building for years now, and which we have a\nroadmap for that stretches until 2025. We are just lucky enough to jump on\nboard at this stage, due to crypto developments, DeFI and of course all the\nexperience Jollen and TEAM have been expanding on nonstop.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>What\nis your plans for the nearest future?<\/p>\n\n\n\n<p><strong>Alistor Zimon:<\/strong> We\nare stepping out a lot of the DEXToken Protocol territory here. The Flowchain\nFoundation created the Flowchain network, which is an IoT technology that could\nuse an AMA on its own to fully explain it. However, as a company Flowchain\nmanaged to attract several partners for IoT projects and has been mentioned\namong the top 10 IoT solution providers in the Asia Pacific region in several\nrankings and articles. DEXG has been the next step in the Flowchain ecosystem,\nallowing for the interconnectivity of IoT applications and decentralized\nfinance.<\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>This is\nsomething we really want to share today. We are about to launch the public beta\nof our dex, and would like to share a little sneak peak of what\u2019s to come.<\/p>\n\n\n\n<p>Keep in mind this is the public beta from couple of days\nago, as we are pushing commits every day and it will keep morphing untill V1.0.<\/p>\n\n\n\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/esatoshi.club\/029a4925-3e1a-4ebe-a391-5e6711c608f8\"><\/video><\/figure>\n\n\n\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/esatoshi.club\/908b5ea6-e23c-418f-81d9-e4f139887342\"><\/video><\/figure>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>The public beta will officially accessible on the Ropsten network from the 23rd December for everyone to test, bug hunt or just take a look. The Mainnet platform should go live in early 2021, but we surely will update you again once we have the date set it stone! &#x1f60a;<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n<p><strong>Q1 from Telegram User @regard94<\/strong><\/p>\n\n\n\n<p><em>Could DEXG technically mint for\nexample NFTs for Liquidity Providers? Some rare one&#8217;s for example. \ud83d\ude42<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Most definitely\nand we are already working on frameworks that will not only make it possible\nbut we have some ideas of our own. It\u2019s a very fascinating topic and we will\nhave more on this in the future, no doubt!<em><\/em><\/p>\n\n\n\n<p><strong>Q2 from Telegram User @DrCassiterite<\/strong><\/p>\n\n\n\n<p><em>Can I use AMM to arbitrage\ntransactions DEXToken Exchange and other exchanges?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Definitely!\nActually you can see our sAMM as a tool that can be used in many ways, its all\nup to the users, and keep in mind that fees will be distributed amongst DEXG\nholders so this is a very interesting aspect. More volume, happier DEXG\nholders.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"596\" height=\"1024\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/DT6-596x1024.jpg\" alt=\"\" class=\"wp-image-4498\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT6-596x1024.jpg 596w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT6-175x300.jpg 175w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/DT6.jpg 745w\" sizes=\"(max-width: 596px) 100vw, 596px\" \/><\/figure>\n\n\n\n<p><strong>Q3 from Telegram User @krispykreme<\/strong><\/p>\n\n\n\n<p><em>Can you give us more\ninformation about the secondary token?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Hi\nthanks for your question. I can, we haven\u2019t touched on it yet today, but to attract\nliquidity we will issue a secondary token that will be used to pay out rewards\nto DEXG holders, Liquidity Providers and there is even a surprise coming for\nour stakers so keep staking!<strong><\/strong><\/p>\n\n\n\n<p><strong>Q4 from Telegram User @amos757<\/strong><\/p>\n\n\n\n<p><em>Are there any\nbeneficial potentials your projects have that is yet known to the members?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Yes we\nare working on a set of pro trading tools that will be accessible to our users,\nbut more on this soon!<\/p>\n\n\n\n<p><strong>Q5 from Telegram User @bulbul03<\/strong><\/p>\n\n\n\n<p><em>How does DEXG has been\nthe next step in the Flowchain ecosystem?<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>The\nDEXToken Protocol has already been part of the original Flowchain Whitepaper.\nCompanies and enterprises can use the Flowchain IoT Networks for their\nprocesses or to tokenize assets. To mint these off-chain IoT tokens DEXG is\nneeded as collateral, at the same time the tokenized assets can be traded and\nmonetized over the DEXToken Exchange. This gives both, the Flowchain IoT\nNetwork, and the DEXToken Protocol additional use-cases and value.<\/p>\n\n\n\n<p><strong>Q6 from Telegram User @Calebkure<\/strong><\/p>\n\n\n\n<p><em>What makes you so sure\nthat you would be dominate in the blockchain space? Can you expand our\nknowledge about Your Roadmap this year and the future and any Updates on your\nResearch and development progress?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Domination\nis not good as it stops innovation, we want to get better and move the space\nforward as good as we can and as transparent as we can!<\/p>\n\n\n\n<p><strong>Q7 from Telegram User @CryptoZaratustra<\/strong><\/p>\n\n\n\n<p><em>Are DEXToken, FLC and\nAIMining projects developed by the same team? Why didn&#8217;t you combine DEXToken,\nFLC and AIMining products in one project?<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>Interesting\nto point this out. All of these are part of the Ecosystem and some staff surely\noverlaps in the projects. However, the bigger the ecosystem gets, the more\nimportant it is to divide the projects into their own branches to not lose\nfocus in the process of developing and building.<strong><\/strong><\/p>\n\n\n\n<p><strong>Q8 from Telegram User @AmirJosh<\/strong><\/p>\n\n\n\n<p><em>After the last\n&#8220;TITAN&#8221; staking round, what will be next events to look forward to on\nDEXToken Protocol?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>The\nlaunch of our V1.0 exchange which will have all the basic functionality and\nwill be expanded on with new additions over the year. We are building the\nfoundation as we speak of our future.<\/p>\n\n\n\n<p><strong>Q9 from Telegram User @Nickkiii<\/strong><\/p>\n\n\n\n<p><em>I&#8217;m a white hat\nhacker, do you have any Bug Bounty available, I would love to look at your code\nto ensure that DEXG has the best security possible?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>We will\nlaunch it this week! Please visit our community and drop me a line and ill\npersonally invite you to it.<\/p>\n\n\n\n<p><strong>Q10 from Telegram User @tsafik<\/strong><\/p>\n\n\n\n<p><em>How can I provide\nliquidity with USDC &amp; DEXG? Do you have some guide for this? If I decide to\nwithdraw the tokens from LP at some point, will I receive just DEXG back or\nalso USDC?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Yes of\ncourse. You can find all info here. We have chosen a 90\/10 shared pool to limit\nIL to the max. <a href=\"https:\/\/dextoken.medium.com\/dexg-usdc-balancer-shared-pool-announcement-f85208ca5c3\">https:\/\/dextoken.medium.com\/dexg-usdc-balancer-shared-pool-announcement-f85208ca5c3<\/a><\/p>\n\n\n\n<p><strong>Q11 from Telegram User @Mora110<\/strong><\/p>\n\n\n\n<p><em>What are the features\nthat make me confident in your project?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>The\nfact we own the code; this means the knowledge level to tackle any challenge is\nreally high.<\/p>\n\n\n\n<p><strong>Q12 from Telegram User @Maksyrn<\/strong><\/p>\n\n\n\n<p><em>Why did they\ncomplicate the mechanism for obtaining tokens, except for their direct\npurchase? Why is STAKING ROUNDS already 8 (like an inverted infinity sign)?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Fair\ndistributions means that you let the market decide its value. Staking is\nanother of showing dedication to your project. Together you can see that after\n5 rounds already we have been able to create a healthy and amazing community!<\/p>\n\n\n\n<p><strong>Q13 from Telegram User @AmirJosh<\/strong><\/p>\n\n\n\n<p><em>Your roadmap is\nstretch until 2025. Are there any plans or considering to create your own\nblockchain within this developmental period?<\/em><\/p>\n\n\n\n<p><strong>Alistor Zimon: <\/strong>The\nhill to adoption for new Blockchains is increasingly harder with the dominance\nof Bitcoin and Ethereum. Flowchain merged to Ethereum after the ERC-20\nfunctionalities have been expanded. There are no plans as of now to create an\nown blockchain. However, it will be interesting to see how Ethereum will\ncontinue in terms of scalability and how other blockchains perform compared.<\/p>\n\n\n\n<p><strong>Q14 from Telegram User @BERTA2020<\/strong><\/p>\n\n\n\n<p><em>When claiming the\nrewards generated in your staking system, do I need to pay some type of fee\nwith the current gas congestion that exists or is it totally free?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>Well\nBerta, since we are on the ETH network sadly we are beholden to the gas prices.\nBut keep in mind, they are not going anywhere so just take them out whenever\nfees are lowest.<\/p>\n\n\n\n<p><strong>Q15 from Telegram User @csgonub<\/strong><\/p>\n\n\n\n<p><em>How do you provide the\nfund safety for your project? Can you explain please?<\/em><\/p>\n\n\n\n<p><strong>Rim Slim: <\/strong>The\nfund safety is backed by the safety and the immense scale of the ETH network.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about DEXToken Protocol. A\nlink to a Quiz form was sent into the chat. Participants had 10 minutes to\nanswer. 1500$ were distributed between the winners. <\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n<p>English Telegram\ngroup: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n<p>Russian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n<p>Spanish Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n<p>Telegram Channel:\n<a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/esatoshiclub\">https:\/\/twitter.com\/esatoshiclub<\/a>&nbsp; <\/p>\n\n\n\n<p><strong>Our Partners: <\/strong><\/p>\n\n\n\n<p>DEXG &#8211; Official Community: <a href=\"https:\/\/t.me\/Dextoken_Official_Group\">https:\/\/t.me\/Dextoken_Official_Group<\/a>\n<\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/dextoken.io\">https:\/\/dextoken.io<\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today we are glad to tell you about the AMA session with our friends from DEXToken Protocol. The AMA took place on December 19 and our honorable guests were Alistor Zimon and Rim Slim. The total reward pool was 2000$ and was divided into three parts. In this AMA Recap we will try to summarize [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4492"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=4492"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4492\/revisions"}],"predecessor-version":[{"id":4500,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/4492\/revisions\/4500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/4493"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=4492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=4492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=4492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}