{"id":8449,"date":"2021-04-25T23:25:39","date_gmt":"2021-04-25T20:25:39","guid":{"rendered":"https:\/\/esatoshi.club\/?p=8449"},"modified":"2021-04-25T23:28:14","modified_gmt":"2021-04-25T20:28:14","slug":"dino-exchange-x-satoshi-club-ama-recap-from-24th-of-april","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/04\/25\/dino-exchange-x-satoshi-club-ama-recap-from-24th-of-april\/","title":{"rendered":"Dino Exchange x Satoshi Club AMA Recap from 24th of April"},"content":{"rendered":"\n

Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom Dino Exchange<\/a>, an automated\nmarket-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain\nwith a lot of features that let you earn tokens by yield farming or playing\ngames on our platform.  The AMA took place on April 24 and our guest\nwas Cebastian, CEO of the project.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY\nQUESTIONS<\/strong><\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Hello again, Satoshi Club! Hello and\nwelcome to Satoshi Club, Cebastitan – @dinoceb!<\/p>\n\n\n\n

Cebastian: <\/strong>Hello guys! My honor to be here today.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Welcome here, How is your dino day?<\/p>\n\n\n\n

Cebastian: <\/strong>been really good these days.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Introduce youreself. How did you get to be\ninvolved in crypto & Dino Exchange?<\/p>\n\n\n\n

Cebastian:<\/strong> Hi again everyone. It\u2019s Cebastian, CEO of Dino.exchange.\nI have been in crypto for more than five years. We are a fully remote team\ncoming from different countries. The majority of the team are based in Dubai.<\/p>\n\n\n\n

We’ve worked on Ethereum before\njumping to Binance Smart Chain, we see our product that can be a great fit Lego\nthat completes BSC DeFi Picture.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> So, i see that you prefer BSC, do you fully\ndeny ETH now?<\/p>\n\n\n\n

Cebastian: <\/strong>No of course. No one can deny ETH. Its L2 is also\npromising.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong> Was your decision to switch related to\nfees?<\/p>\n\n\n\n

Cebastian: <\/strong>yes, and speed also.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Please tell us about your team.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Yes, it will be interesting to know more about\nit.<\/p>\n\n\n\n

Cebastian: <\/strong>yea so we’re an experienced team of 30+\nfull-time\/part-time blockchain developers who come from different parts of the\nworld, with one purpose, offer the best DeFi product to the market of BSC.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>How long does it take to develop Dino\nExchange? What plans do you have for the future? And what can we expect from\nDino Exchange?<\/p>\n\n\n\n

Cebastian: <\/strong>We have lots of plans in the future. First let have a\nlook at our roadmap and overview.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Q1 from Telegram user\n@mctrho <\/strong><\/p>\n\n\n\n

 I find the fact that the theme of the project\nrefers to dinosaurs is striking and interesting. As other exchanges adopt the\ntheme of unicorns, pancakes, etc, you decided to adopt the theme of dinosaurs,\nwhy? I would like to know the story that made you make this decision.<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>It’s\nsimple :). Dinosaurs are big and powerful. We aim to be a Giant Dino in a new\nage of DeFi on Binance Smart Chain.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub:<\/strong> great goal! and what \u0430lready done and what remains to be done for\nthis?<\/p>\n\n\n\n

Cebastian:<\/strong> We\nhave completed our AMM DEX, you can now buy $DINO at swap.dino.exchange  .  We’ve just launched so the price is very\ntasty. $DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D, is also\ncoming in a week. Lots of pump hooks incoming!<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Wow!\nThat’s cool! So, we don’t need to go to Pancakeswap.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub:<\/strong> You’ve taken great strides! And there is still a lot of work ahead!\nDon’t forget to share with Satoshi Club!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>\nWhat about audit? Is it 100% safe to use http:\/\/swap.dino.exchange<\/a>?\n<\/p>\n\n\n\n

swap.dino.exchange (https:\/\/swap.dino.exchange\/<\/a>)\nSwap | Dino Exchange<\/p>\n\n\n\n

The Dino protocol realigns incentives for network\nparticipants by introducing revenue sharing and forum-driven network efforts to\nthe popular AMM model.<\/p>\n\n\n\n

Cebastian:<\/strong> Yes.\nSecurity is important to us. We are in the process of submitting audit with a\ntrusted firm. More information about this will be updated soon. You can follow\nus @dinoexchange for updates! <\/p>\n\n\n\n

Q2 from Telegram user\n@testercoin <\/strong><\/p>\n\n\n\n

First of all\ncongratulations that you have done a whitelist lottery and completed an IDO on\nthis Monday, 5 days ago. What\u2019s the fund has been raised on IDO and how long\ndid it take to sell all tokens? Can you share the details about your public\nsale and any upcoming ICO sales maybe?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>oh I’d\nlike to public the number right now but I’m forbidden to.<\/p>\n\n\n\n

Because that’s exactly what we’re going to share with DINO\ncommunity in a couple of days. The number is surprising, truly.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Is\nit more or less than you expected?<\/p>\n\n\n\n

Cebastian:<\/strong> much\ngreater than we expected. We really appreciate the love and interest that the\ncommunity gave us. Must. Try. Harder.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub:<\/strong> Thanks a lot for the answers! Do you want to proceed to the next\nquestion?<\/p>\n\n\n\n

Cebastian: <\/strong>sure\n\ud83d\ude42 there’re lots of info I’d like to share next.<\/p>\n\n\n\n

Q3 from Telegram user\n@RosemaryBianco<\/strong><\/p>\n\n\n\n

 I think a key thing that users look at before\nusing an exchange is to see the transaction and trading fees it has. So, can you\ntell me about the exchange and transaction fees within Dino Exchange, and are\nthere ways to reduce them?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>We\nhave developed our own tech that can make the fee even lower and the speed even\nfaster when people do the trades in our AMM DEX swap.dino.exchange . Our goal\nis to lower the fee as much as possible so our traders can enjoy trading\ncryptocurrencies fee-less.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Which\nfee do you have now?<\/p>\n\n\n\n

Cebastian: <\/strong>we\nhave transaction fee at the moment.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So,\nDino doesn’t take any fee currently?<\/p>\n\n\n\n

Cebastian: <\/strong>we do,\na small proportion. And trying to lower and lower the amount.<\/p>\n\n\n\n

Q4 from Telegram user\n@BeaEvolet<\/strong><\/p>\n\n\n\n

DinoExchange is\ncharacterized as an AMM for these platforms it is important to attract\nliquidity and create a large pool, the more liquidity there is in the pool, the\nless slippage the orders will have. Taking this into account, what strategies\nwill you use to attract enough liquidity and thus counteract the slippage of\norders? and how will you encourage users to provide liquidity? What benefits\nwill you offer to those who provide liquidity?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>We will\nadd initial liquidity to the platform. We will also launch farming very soon\nwhen traders can contribute their liquidity in exchange of interest in form of\nLP tokens. Furthermore, lots of partnerships have lined up so we can provide\nexclusive liquidity farming pools with very tasty APR.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Do\nyou have approximate dates?<\/p>\n\n\n\n

Cebastian:<\/strong> We’ll\nbe launching Farming at the end of next week \ud83d\ude42 near that time we will announce\nan exact timeframe.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub:<\/strong> What APR have you planned?<\/p>\n\n\n\n

Cebastian:<\/strong> I’m\nnot allowed to announce it yet. It’s so attractive that can attract the most\ngrumpy farmers.<\/p>\n\n\n\n

Q5 from Telegram user\n@Antoni_azx<\/strong><\/p>\n\n\n\n

 You have a section for gaming that are mainly\nfocused on lottery and provably fair games, can you tell us the ways to take\nprofits from these games? How can the users whithdraw their tokens and trade\nthem for other cryptos?<\/em><\/p>\n\n\n\n

Cebastian:<\/strong> The\ndetailed gameplay will be announced near the feature’s launch date. Traders can\ntake huge profits when they won a lottery ticket or a match in one of our\ngames. Users can withdraw at anytime and use $DINO to swap with BUSD, BNB or\nother popular cryptos.<\/p>\n\n\n\n

Gold Rocket | Satoshi\nClub: <\/strong>How it works? do you have any demo? or something similar?<\/p>\n\n\n\n

Cebastian: <\/strong>not\nyet. They are still in our final development phase. We can’t wait to tease it\nfor you. Our developers are playing them everyday at the office lol.<\/p>\n\n\n\n

Q6 from Telegram user\n@victorogb<\/strong><\/p>\n\n\n\n

 One of the many impressive features of Dino\nExchange is it\u2019s Cross-Chain Swap which enables users to swap their\ncrytocurrency assets across popular blockchains without the need of switching\nbetween platform. What popular chains does Dino Exchange currently accommodate\nwith this feature, is there a limit to the amount of crypto currencies swapped\nacross chains and is there a minimum fee charged by the exchange to render this\nservice?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>We are\ntargeting Ethereum, Polkadot and Solana. More chains will be available. We do\ncharge a small fee for cross-chain swaps. But it’s still much much cheaper than\nETH gas fee today.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Which\nterms do you have for cross chain implementation?<\/p>\n\n\n\n

Cebastian: <\/strong>we\nhaven’t made a final decision for the terms yet. I think I can share more\ninformation about this in the near future.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The chat was open for 120 seconds; a\nlot of questions were posted by Satoshi Club community. Our guest chose some of\nthem.<\/p>\n\n\n\n

Q1 from Telegram User @imtoandang<\/strong><\/p>\n\n\n\n

Many projects rug pulled and exit\nscam recently. Why should investors trust Dino.exchange not to do the same?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>We follow a proven and established\nconvention for token locking. All tokens under a vesting schedule will be\nstored in timelock contracts. This brings the utmost level of financial\nsecurity for the project.<\/p>\n\n\n\n

We are also\nworking with giants in smart contract auditing, their results will ensure our\nsecurity. We will also soon announce our strategic partnerships. No big names\nwant to partner with rugpull project, don’t they?<\/p>\n\n\n\n

Q2 from Telegram User @atillayeni<\/strong><\/p>\n\n\n\n

You have really so much properties on\nyour roadmap. Do you think you can build them all within your time schedule?<\/em><\/p>\n\n\n\n

Cebastian:<\/strong> That is more than just a roadmap. It\nis a list of major milestones that DinoExchange wants to achieve. We are working\nto create a solid and transparent financial foundation, with strong calculated\nfinancial principles and tools that bring outstanding value to our users.<\/p>\n\n\n\n

Q3 from Telegram User @adaatalay<\/strong><\/p>\n\n\n\n

How will you protect the token value?\nWill there be repurchase or burning?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>Yes we do, burning and buy back\nmechanism are in development phase and will be released soon. Burning will\nboost the scarcity of $DINO tokens and increase it value.<\/p>\n\n\n\n

Q4 from Telegram User @sofiaisla<\/strong><\/p>\n\n\n\n

Many of the projects decided to\nimplement NFT and it is one of the ways to attract users. What are Dino\nExchange’s plans to include NFT in your project? Will you implement them?<\/em><\/p>\n\n\n\n

Cebastian:<\/strong> we know NFT is also a trend\nrecently. That’s why we are also developing NFT-integrated protocol to\nDino.exchange. We’ll will soon announce more news about this in our channels. Make\nsure to tune in for more updates at @dinoexchange. <\/p>\n\n\n\n

Twitter.com\/dinoexchange.\nBy the way, don’t miss your chance to participate in our public sale at swap.dino.exchange<\/p>\n\n\n\n

Q5 from Telegram User @ultimate373<\/strong><\/p>\n\n\n\n

What kind of incentives does DINO\nProtocol have for network participants?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>Users are rewarded with DINO tokens\nfor staking their funds on the platform. They can then stake their DINO tokens\nto earn other types of tokens on special staking pools. The DINO token can use\nfor participating in community governance where users can vote on decisions\nrelating to the direction or running of DinoExchange. <\/p>\n\n\n\n

Holders can\nalso use DINO to participate in different games on the platform and have a\nchance to win attractive prizes. More token use cases to be updated in the\nfuture.<\/p>\n\n\n\n

Q6 from Telegram User @ronaldo_super<\/strong><\/p>\n\n\n\n

I missed your presale and very sad\nabout this. What do you suggest me to do now? Which way will be most profitable\nway to get DINO token?<\/em><\/p>\n\n\n\n

Cebastian:<\/strong> You can now buy $DINO at\nswap.dino.exchange. The price is still so good to go as there’re farming and\nlots of updates coming up.<\/p>\n\n\n\n

$DINO\ncontract is 0xf317932ee2C30fa5d0E14416775977801734812D.<\/p>\n\n\n\n

Q7 from Telegram User @Giniwhite<\/strong><\/p>\n\n\n\n

I have seen many amas about Dino\nExchange, can you tell us about the highlights of DINO\u2019s technology and\nproducts? How revenue does DINO generate to sustain the project in long terms?<\/em><\/strong><\/p>\n\n\n\n

Cebastian:<\/strong> Farming and staking are becoming\nincreasingly popular in the DeFi ecosystem. While all projects provide the same\nbasic yield mechanisms, the increasing value actually depends on the ecosystem\nas a whole.The Dino protocol aims to provide not only idle farming but also\nreal use cases: DeFi products which users can actively participate in (e.g.,\nprovably-fair games) and DeFi-enabled ones (e.g., wallet and Dapp browser). Use\ncases are king.<\/p>\n\n\n\n

Besides, APR\nand exclusive pools will be our competitive advantages. Our tech will ensure\nthe highest APR possible so farmers can enjoy tasty passive income<\/p>\n\n\n\n

Q8 from Telegram User @budykarebet<\/strong><\/p>\n\n\n\n

What is Dino Exchange strongest\nadvantage that you think will make your team leading the market? and In contrast,\nwhat is your weakness? How do you plan to overcome it?<\/em><\/p>\n\n\n\n

Cebastian:<\/strong> Besides lower fee and faster speed\nAMM DEX and high APR Farming with exclusive pools, our advantages come with our\nother features that most of of our competitors do not have, they are:<\/p>\n\n\n\n

Dex Aggregator:\nAn algorithm that aggregates different liquidity protocols to discover the most\nefficient swap for your buy\/sell order to maximize the tokens received.<\/p>\n\n\n\n

Analytics: A\nstatistical automatic analysis system that assists users in capturing market\ninformation. <\/p>\n\n\n\n

Portfolio\nTracker: All in one – an asset management portal for decentralized finance\n(Defi) on BSC. Users can log in with their wallets and see all their assets in\none place, as well as simple interfaces for making further investments \u2013 in\nyield farming, liquidity mining, or simply diversifying their token holdings.<\/p>\n\n\n\n

Games: Provably-fair\ngames run on top of the DeFi ecosystem, such as lottery, dice, and more. Each\ngame will have a unique mechanism to lock\/burn DINO tokens to reduce the\ncirculating token supply.<\/p>\n\n\n\n

Binary\nOption Trading: The first decentralized binary option, in which the platform\nplays a neutral role. A portion of trading fee will be used to burn and buyback\ntokens.<\/p>\n\n\n\n

Limit Order:\nOffering the Limit Order functionality for all the DinoExchange users on the\nplatform. It will allow users to fully control their order by buying and\nselling at a specified price.<\/p>\n\n\n\n

Margin\nTrading: Leveraged and margin trading, also on top of the decentralized order\nbook exchange.<\/p>\n\n\n\n

Mobile DApp:\nFully functional and responsive mobile DApp for both Android and iOS to ensure\n24\/7 access to the DinoExchange ecosystem. <\/p>\n\n\n\n

Payment\nGateway: Integrating the DINO token into payment gateways on iOS and Android\nfor users to make rapid and convenient purchases<\/p>\n\n\n\n

Cross-Chain\nSwap: Cross-chain swap on DinoExchange DEX allows users to swap their\ncryptocurrencies across popular blockchains, without having to switch between\nplatforms.<\/p>\n\n\n\n

Q9 from Telegram User @Kushal85127939<\/strong><\/p>\n\n\n\n

Could you please give us an overview\nof Tokenomics of native token? Please mention some key areas which investors\nshould consider while choosing Dino exch?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>The tokenomics of DINO can be broken\ndown as follows<\/p>\n\n\n\n

Ticker: DINO\n<\/p>\n\n\n\n

Chain:\nBinance Smart Chain<\/p>\n\n\n\n

Contract\naddress: 0xf317932ee2C30fa5d0E14416775977801734812D<\/p>\n\n\n\n

Total\nSupply: 200,000,000 DINO<\/p>\n\n\n\n

Emission\nRate: 6 DINO \/ block<\/p>\n\n\n\n

Block\nReward: Current block reward is 6 DINO<\/p>\n\n\n\n

The initial\nemission rate is 6 DINO per block. And the emission rate will be reduced by 3%\nevery 864,000 blocks (~30 days).<\/p>\n\n\n\n

Unlike other\nyield farms where developers manually reduce emission rates according to their\nown wishes, our emission rate reduction logic is coded in the smart contract.\nIt will be executed once update Emission Rate is called every 30 days.<\/p>\n\n\n\n

This\nmechanism will greatly reduce the total supply and make our token rarer and\nhelp make DINO more valuable to hold.<\/p>\n\n\n\n

Q10 from Telegram User @Prof_Rz<\/strong><\/p>\n\n\n\n

Is Dino Exchange easy to use? How can\nUsers with no knowledge about Yield farming\/crypto or trading get earns from\nthis project? Do You have a informative material so they can understand You\nbusiness model?  do you plan to pass your\nproduct onto the normal \u2013 especially non-crypto people?<\/em><\/p>\n\n\n\n

Cebastian: <\/strong>We\ndesigned the platform to be easily accessible by all kinds of traders, from\nnovice to professional. Everyone can make profit with @dinoexchange.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Dino Exchange. A\nlink to a Quiz form was sent into the chat. Participants had 10 minutes to\nanswer. 300$ were distributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong><\/p>\n\n\n\n

Dino.exchange Community: https:\/\/t.me\/dinoexchange<\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Dino Exchange, an automated market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain with a lot of features that let you earn tokens by yield farming or playing games on our […]<\/p>\n","protected":false},"author":4,"featured_media":8451,"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\/8449"}],"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=8449"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8449\/revisions"}],"predecessor-version":[{"id":8454,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/8449\/revisions\/8454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/8451"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=8449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=8449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=8449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}