13 Nov 202119:01
DeXe AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
Roman Melnyk, CMO
Roman MelnykHello everybody!👋
Myko (CryptoDiffer)Welcome Roman, thank you for taking your time today!
so let's start with a short introduction and then talk a bit about an upcoming event
Roman MelnykWell, I’m Roman Melnyk, Chief Marketing Officer at DeXe Network
I’m very glad to be here, thanks for the invitation 😉
Q2: Can you introduce DeXe to us?
Roman MelnykDeXe Network is an ecosystem for social trading in the field of DeFi that has not been matched. The main platform of the project connects successful traders with investors for the benefit of both
DeXe has already gained noticeable popularity among Defi enthusiasts, presenting absolutely free tools like Wallet Info and Wallet-to-Wallet Copying in addition to the Decentralized tournaments service
The first allows you to assess the profitability of any ERC-20 wallet
The second allows you to automatically copy (in real time) trade transactions of any pasted wallet Decentralized tournaments on Uniswap/PancakeSwap/QuickSwap allow regular traders to earn prizes for their trading
Myko (CryptoDiffer)okie, next one
3. Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Roman MelnykWe are already successfully collaborates with many significant DeFi projects already: Binance, Elrond, Chainlink, PancakeSwap and many others
The DEXE token is already available on the ETH and BSC blockchains, and also listed on many CEXs (Binance, Gate etc.) and continues to scale
For now, we are in the alpha-testing and deep development process of our main product - DeXe Investment platform
DeXe is an ecosystem, we constantly monitor the market to be in context and provide the market with innovative solutions, this is how 2 more projects have appeared in our ecosystem: Kattana - a professional DEX + CEX trading terminal and 111PG - protection from snipe-listing bots. So we have what to show for DeFi market 😉
Myko (CryptoDiffer)Sure, you do!
Now about some major news:)
Q4: We heard that DeXe Netwotk had its 1-year anniversary recently. Congratulations! And we know that you’re celebrating it with a massive trading competition with $150k in prizes. How did you come up with that idea? Why a competition rather than a giveaway or some other form of celebration?
Thing is, we noticed a while ago that DeFi has pretty much no trading marathons, which is so strange for a space that literally has the word Finance in its name. It’s so important to cultivate a robust trading culture in DeFi and nurture an entire generation of skilled DeFi traders
So with that in mind, we set out to fix this injustice and launch a meaningful trading competition
We even created a separate platform for trading competitions, filling a major void in DeFi =)
It helps projects increase community activity, attract new traders, and just show what they’re all about. Of course, traders benefit the most, getting to show off their skills and get rewarded for them. That’s exactly how a healthy community is built
The end result is that our ecosystem got a new component: Decentralized Tournament Services
This is basically a battle-tested system for deploying successful competitions, including trading ones. We’ve already run one with great results but wanted to do something even bigger and better for our Birthday celebration. So we got major support from ZBS Capital and partnered with 20 interesting DeFi projects for this trading marathon
This many partners and this huge of a prize pool was certainly an ambitious goal and is creating the best Birthday present a DeFi project could dream of: broad community participation to the benefit of every partner project. The big prize pool was necessary to award multiple prizes and make each prize worthy of the occasion. AS a result, the community really got into the competition and is fighting it out down to the wire.
Q5: So, if I remember correctly, the previous competition was based on who can get the highest PnL - how do you win in this one?
Roman MelnykYes, PnL was great as a measuring stick for success, but why stop there?🙄
We wanted to try something even more ambitious and new (though we will run PnL-based competitions again for sure)
We also wanted to be inclusive of people with only a bit of funds to trade with so we included networks with low fees (BSC and Polygon) in addition to the usual Ethereum one. Sadly, there are technical issues with running a PnL-based competition on BSC and Polygon (we’re working on overcoming them for future competitions)
So let’s see how this trading volume-based competition goes. We’re really excited to watch the results and how this format affects the dynamic of the competition
Myko (CryptoDiffer)Q6: How many people can get a prize in each round? The marathon ends on October 29th?
Roman MelnykThis is one of the most common questions =)
ecause some people assume that there are only going to be 30 winners in the entire marathon
But really, it’s 30 winners per round — so up to 120 overall
Each of the 4 rounds lasts 7 days. At the end of each week, we will determine the 30 winners based on their trading volume
The winners will be announced at the end of each round as soon as we check to make sure every winner followed the rules. And the awards will be distributed at the end of the entire competition
Myko (CryptoDiffer)Q7: Since the marathon rewards are so generous, there must be a lot of people registering multiple wallets. What does the team think about that, can one participant take multiple prize spots in one round?
Roman MelnykWe’re categorically against using multiple accounts to win more prizes, that’s not in the spirit of fair competition
So no, we do not allow anyone to register multiple wallets.
Anyone caught trying will get disqualified in every account. That’s why we developed a special bot to verify users
But there is one way to win multiple times: end in a winning position in each of the 4 rounds. Winning the prize 4 times and getting all those bragging rights is a great result🤑
Myko (CryptoDiffer)Q8: So just to make sure, since the marathon is in 4 rounds, if I didn’t register for the 1st round… does that mean I won’t be allowed to compete in the subsequent rounds either? Can I register a few days after the round starts?
Roman MelnykOf course you can! =))
Registration is open all the way until October 29th
Register at any time and compete in the round that’s happening then and any subsequent round. Just leave enough time to complete all the rules/requirements. And trade trade trade!
Myko (CryptoDiffer)Q9: Are you going to run these types of marathons regularly?
Roman MelnykYes! This one is the first but by no means the last.
That’s exactly why we created the Decentralized Tournament Services platform
We can run our own competitions or provide it as a service to other DeFi projects who want to replicate our success for their own communities
That was a comprehensive description of an upcoming competition!
thanks for your answers)
Roman MelnykBy the way, i forgout to give the full rules -
Cryptodiffer CommunityTo use the Wallet-to-Wallet Copying tool, do we need to pay certain fee or its free? And how many blockchains does this tool support? Can I copy trader on Solana wallet?
How do we determine the right wallet to copy for potential trading? Does Dexe recommend traders for it users to copy or the decision is left to them?
Roman MelnykWallet-to-Wallet Copying (w2w) is a free product for now, but in the near future we will charge some DEXE for using it,
About profitable wallets, we have another one product Wallet info - you can calculate PnL of wallets and choose a profitable one for copying
Cryptodiffer Community🙇 Hello DeXe!!
I realized that there are many competitions and trading marathons you host, and the prizes are incredible, I'd like to know if you have a specific % of your tokenomics dedicated to this purpose and if it is easy to join? As a newbie, can I join and win? Is it easy for begginers? Thanks in advance!!
Roman MelnykWe didnt connect this product to our tokenomics yet, first of all its a marketing tool for the DeFi projects and good opportunity for the community
Its a really easy to participate, you just need to check the rules, register through the bot and make trading volume as big as you can (you can trade on BSC even with a $10-100)
Cryptodiffer CommunityIt caught my attention that DeXe will have hybrid DEX + CEX limit orders, but could you really tell us more about those orders? Will they work in both financial systems? Or is it that they will have the advantages that each of them offers?
Roman MelnykThis part of the product will be released in the Kattana terminal first of all, and there will be 3 different types of limit orders. It's not so easy, we make something new, so I cant tell you exactly how it will be work (and as you know I’m CMO, so i dont know all the actual technical details about all the product 😜)
Cryptodiffer CommunityI understand that currently only the ETH network is available for copying wallets, but do you really plan to incorporate each of the different networks so that you do not have any limitations to operate?
Roman MelnykYes, it is. We plan to implement all the popular chains, but there is a lot of different problems with other blockchains - they don't have a good infrastructure for development. So for any new implementation for example with BSC we need to create our own new solutions for any little features - thats why we have some delays and cant move as fast as we want on other blockchains
Trying to find more questions about the Competition but i can't 🤔
Myko (CryptoDiffer)i may open the chat for people to ask questions about it?
Roman Melnyklets try, one more question, or a few
Cryptodiffer Community1) I would like to inquire about your Anti-sniping Bot Service 111PG, why it was developed and the kind of audience that's suitable for?
2) Is it a must for users to hold DEXE token before they can make use of your products especially the wallet info and W2W copying?
Roman Melnyk111pg.io it’s a sniper bots killer for now, so this product helps with listings start-ups on DEXes without loss because of sniper bots
This protection already used by a 50+ projects. But it’s just a part of project, the team have a huge plans for the project (security marketplace, nft with farming, etc..). Also you need to know that we will release Social Mining Bot in which will be distributed tokens from 111PG clients.. so stay tuned in our social media: https://t.me/Dexe_network
2) I've already given the answer to this question
Well, I think thats all! =)
Myko (CryptoDiffer)Thanks for your time, Roman!
Roman MelnykThank you so much to all community, and the CryptoDiffer team for an invitation!
Myko (CryptoDiffer)It's a pleasure for us to host DeXe ama here:)
Sure, you'll have a great competition!
Roman MelnykWill be waiting for you all in the competition! There is a lot of money 😉