we hosted an amazing AMA with Dexo on the 5th of November
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as Dexo ?
Hello Guys, Lovely to meet you all here, This is Dexo Alpha- Founder & CEO Dexo Exchange. I have total 12 years of experience in blockchain development, trading platform innovation and blockchain testing. I have served over 6 years to a renowned DeFi platform as CTO. and invested over 28 months to build the World’s First C-DEX Exchange.
Idea of C-DEX started while I was serving as CTO, I always found a gap between a centralized & decentralized exchanges. Centralized exchanges offer great services(convenience and reliability to their users) However, these CEXs are controlled by a centralized authority that defies the core principle of Blockchain Technology- Anonymity, Transparency & Control. On the other hand, well established decentralized exchanges offer great anonymity and trust but lack efficiency and convenience.
To accelerate the adoption of cryptos and decentralized finance as a whole, there is a real need for a protocol that effectively combines the pros of both centralized and decentralized exchanges. Several attempts have been made to address this problem, but most remain ineffective.
Say Hello to Dexo Exchange: C-DEX is a one-of-its-kind decentralized cryptocurrency exchange with the potential to change the way crypto traders and investors engage with DEXs. C-DEX combines the pros of centralized and decentralized exchanges to offer a holistic trading experience for our users.
Q2. What are the advantages of Your project ?
Dexo is the “World’s 1st C-DEX Decentralized Exchange” which aims to provide unified products with simplified trading platform like any big centralized exchange. Dexo is focused on building world-class decentralized products that offer the convenience and reliability of existing centralized alternatives.
All in all, C-DEX offers Transparency, Reliability, Affordability, and convenience in a single platform interface like no other decentralized exchange in the market.
With C-DEX, the user can effectively perform all the traditional DeFi activities such as swapping, farming, mining, and staking with a whole new range of new offerings which are currently being offered by only large centralized exchanges.
Q3. please tell us about the goal you want to achieve in this year.
Sure, this sounds an interesting question, as we have a lot of things planned for this year.
As per our plans for the current year, following are the targets we have to meet. With strong support from our community, we feel to achieve all within timelines.
🔵Mainnet Launch- Dexo AMM Trading & Advanced NFT Marketplace
🔵Mainnet Launch- Dexo Farms, Pools & Staking
🔵Beta Testing- Dexo C-Dex Order-Book Trading
🔵Full Security Audit for Dexo Smart Contracts
🔵Dexo Tokens Presale Launch
🔵Marketing Drive & Community Building
🔵DEXO Token Listing on Multiple CEX Exchanges
🔵Mainnet Launch- Dexo Cross-Chain Support
🔵Dexo Bug Bounty Program Launch
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
Dexo- Dexo is a New-Generation intermediate decentralized blockchain ecosystem that harnesses C-DEX, a decentralized cryptocurrency exchange that bridges the gap between a centralized & decentralized worlds of cryptos.
Why C-DEX Protocol combines the pros of centralized and decentralized exchanges to offer a holistic trading experience for our users.
Dexo is focused on building world-class decentralized products that offer the convenience and reliability of existing centralized alternatives.
All in all, C-DEX offers Transparency, Reliability, Affordability, and Convenience in a single platform interface like no other decentralized exchange in the market.
About Dexo Team:
We are a team of 22 multi-talented, dynamic, blockchain network experts, technologists, entrepreneurs, and engineers from all walks of life.
As we continue to grow, we’re committed to recruiting the brightest top-performers and industry experts to help us continue to bring our vision to life.
And here we will put best questions from our members and Dexo fans:
Q1. Is it mandatory for Dexo_Official users to undergo KYC ?Do you have a policy like a limitation of withdrawal amount to non – KYC compliant customers which top exchanges like Binance offers to their community ? What are the withdrawal limits for KYC not completed and KYC completed ?
Hello Hassan_45290, really liked your question as this has been a prime concern while using CEX’s.
No, Dexo is a truly decentralised protocol, where an user will be able to enjoy a CEX like experience with No Registration Or KYC.
Since its a decentralised exchange with no intermediate, there is nothing Dexo holds, instead all assets remains in the user’s hands, hence there is no limits.
hope you like it, having CEX like trading platform with no centralized authority- A true use-case of blockchain.🔥🔥
Q2. For any project to succeed, it is vital that the marketing potential of the project be made widely known to as many people as possible. What is your strategy to attract new users and investors to your platform and keep them long term?
Hi @bappi169, this is very important element for our project success. Glad that you asked this.
To accelerate the adoption of cryptos and to meet emerging demands for a decentralized finance as a whole, there is a real need for a protocol that effectively combines the pros of both centralized and decentralized exchanges.
Dexo is the World’s 1st C-DEX Exchange which fulfill the real demand. Being World’s 1st C-DEX, One of it kind decentralised ecosystem, Dexo is getting 1st mover advantage and alot of organic reach due to its unique nature and capabilities to meet the real demands from real people, along with it we have very strong plans for Dexo marketing including supports from many big centralized exchanges and traders community’s.
Q3. As you know now a days people prefer short term holdings, almost more than 80% investors hv just focused on price of token in short term instead of understanding the real value of the project.Can you tell us motivations and benefits for investors to hold your token for long term?
Hahahaha, this seems a most complicated question, As we need both of these investors types for any blockchain project to keep moving, we rather take this as positive thing,
However DEXO Token has a a quintessential role in the smooth functioning of the Dexo ecosystem as well as it acts as an Governance Token.
Some of the use cases of DEXO Tokens are as follows:
Staking Rewards
Discounted Trading Fee on Dexo Platform
Dexo Gamification
Cross-platform Use
Dexo Launchpads
Dexo NFT Marketplace
Index Trading
and Pools
In the future, as & when Dexo Ecosystem is fully developed & functional, DEXO Tokens will also be burned in the following ways:
100% of DEXO Tokens performance fees from IFOs
100% of DEXO Tokens spent on Profile Creation on Dexo NFT Marketplace
100% of DEXO Tokens bid during Farm Auctions
20% of DEXO Tokens spent on Dexo Games
There is much more being added and soon will be announced.
Q4. What are the additional benefits of holding tokens over not holding your tokens and are there also advantages for long term holders? What plans do you have in place to help drive token demand and scarcity?
Holding DEXO Tokens has many advantages as it gives exclusive access to IFO, INO with additional purchasing power and many other access within the Dexo Ecosystem.
Private/Early participation tickets for DEXO Token holders, which has been the hottest and favourite zone for mostly long term investors due to high profitably.
Apart from this holding DEXO Tokens will generates high yield automatically, 50% fee discount, and most of holding DEXO Tokens gives a user governance power and voting rights.
As we have a wide list of Defi-products being developed, we aim to multiply DEXO token holders gains in real organic way and due to burn mechanism and its utility, we aim to reach the moon.
Q5. Dexo is a next-generation intermediate blockchain ecosystem that leverages C-Dex, a decentralized cryptocurrency exchange. So Dexo bridges the cryptocurrency scenarios between the centralized and decentralized worlds?
With C-DEX, the user can effectively perform all the traditional DeFi activities such as swapping, farming, mining, and staking with a whole new range of new offerings which are currently being offered by only large centralized exchanges such as Advance Order-Book Trading Platform, Perpetual Trading, Fully Decentralized NFT Marketplace with Lowest Fee in the market. Zero gas fees for non executed orders, and a relayer solution which act as a off-chain orderbook to accelerate order execution time by connecting with other on-chain orders directly through a single interface.
We will are using 0x protocol relayer mechanism, which accelerate the transaction speed with complete anonymity while users has complete control of their assets.
In a single line, Dexo allows you to trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, Dexo doesn’t hold your funds when you trade: you have 100% ownership of your own crypto with CEX like experience.
Q6. Can I buy now? Where is it currently #DEXO listed?
DEXO is in Presale Stage-2 . We have following planned listings.
🚀🚀 We are thrilled to announce #DEXO Listings Schedule & Listing Price🚀🚀
Listing #1
🔸Date: 10th December 2022
🔸Exchange: PancakeSwap
🔸Listing Price: $0.075
🔸Listing Time: TBA
Early Investors Gains:
Stage-1 5.45X
Stage-2 4.28X
Stage-3 3.33X
Stage-4 2.72X
———————————————————
Listing #2
🔸Date: 17th December 2022
🔸Exchange: Lbank
🔸Listing Price: $0.10
🔸Listing Time: TBA
Early Investors Gains:
Stage-1 7.27X
Stage-2 5.71X
Stage-3 4.45X
Stage-4 3.64X
——————————————————-
3 Listing
🔸Date: 22nd January 2023
🔸Exchange: MEXC Global
🔸Listing Price: TBA
🔸Listing Time: TBA
Q7. Can you tell me what Dexo did and what it intends to do to achieve our real-world social goals?
Today, many centralized exchanges offer great services(convenience and reliability to their users) However, these CEXs are controlled by a centralized authority that defies the core principle of Blockchain Technology- Anonymity, Transparency & Control. On the other hand, well established decentralized exchanges offer great anonymity and trust but lack efficiency and convenience.
To accelerate the adoption of cryptos and decentralized finance as a whole, there is a real need for a protocol that effectively combines the pros of both centralized and decentralized exchanges.
That won’t be the case with Dexo Exchange. As an innovative non-custodial decentralized exchange, C-DEX takes decentralized trading to a whole new level by solving users’ problems, Users can trade directly from their wallet app. Unlike centralized exchanges like Binance or Coinbase, Dexo doesn’t hold users’ funds:
Q8. What is your top priorities in
@DexoOfficial
2022,Could you share some plans for the upcoming year.Which part of the project are you most focused on right now and How many killer features of Your project tha it ahead of its competitors Could you tell us 2-3 features the Project?
Interesting question❤️
Decentralized exchanges are known for offering security, anonymity, and transparency. Most decentralized exchanges currently in the market today are doing a great job in these areas. However, they are still plagued by cons such as failed trades, delayed order execution, front-running, high slippage, and the absence of many other advanced features which are being offered by centralized exchanges.
These factors discourage traders from opting for decentralized exchanges. Instead, they prefer using a centralized exchange free of these draw backs and with many offerings under a single platform. But in doing this, they are giving up control of their funds.
That won’t be the case with Dexo Exchange. As an innovative non-custodial decentralized exchange, C-DEX takes decentralized trading to a whole new level by solving users’ problems, Users can trade directly from their wallet app. Unlike centralized exchanges like Binance or Coinbase, Dexo doesn’t hold users’ funds:
Our offerings aren’t confined to decentralized trading platforms only. We aim to cater to a wide spectrum of DeFi products with the latest innovation in blockchain technology to bring ease and convenience to our users.
Q9. Do you have AUDIT certificates,
or,
Are you working to AUDIT your project, to make It more secure and reliable ?
Hi SM New val
DEXO Contracts are already Audited and you can see the audit report here: https://github.com/SECURI-Cybersecurity-Audit-KYC/Audit-Report/blob/907f484bee2ea1bc8a95078e2d91969bd8dff271/Full%20Audit%20Report%20for%20DEXO.pdf
Q10. Where can I buy your tokens right now what is your current contract and how can I buy them?Will you have any other DeFI feature like staking, yiekd farm or NFT in the future? Can share a little about your roadmap?
Hello MDC Freeman
DEXO is in its Presale Stage-2 phase and you may buy DEXO Tokens directly from our website: www.dexo.org
Not only we have said features, there are many new features being introduced on Dexo Ecosystem.
Index Trading, Full Fledged Gamification, Lending & Borrowing etc, Please go through our whitepaper here: https://docs.dexo.exchange/dexo/dexo-exchange-whitepaper
Q11. Since NFT is popular nowadays, is there a plan for NFT integration?
Ofcourse, Dexo is the First Fully Integrated DEX to have a whole new NFT Marketplace with Lowest Fee in the Market.
Q12. Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
DEXO is the Native BEP-20 Token that fuels the Entire Dexo ecosystem. It acts as both a “Utility and Dexo Governance” Token.
Q13. What is core value of Dexo?
Bringing A “Unified Crypto Platform to a Decentralized World” with No Intermediate or Central Authority. A Truely Community Driven Exchange.
And this was the end of our AMA with Dexo.
You can find us here:
Website :https://www.dexo.org/
Telegram Community :https://t.me/DexoOfficial
Twitter :https://twitter.com/Dexo_Official
Discord :https://discord.com/invite/dexo
Medium :https://dexo-exchange.medium.com/
Reddit :https://www.reddit.com/r/Dexo_Official
Audit Link :https://securi-lab.com/our-case/dexo/
Whitepaper :https://docs.dexo.exchange/dexo/dexo-exchange-introduction