AMA RECAP : CRYPTOSCAPE x ALPHADEX
Venue : Crypto Scape
Date : 11 DEC 2021
Time : 11:00 AM UTC.
Guest : Daniel Gibbs & Jamie Davis
They shared detailed information and opinions about the Project ALPHADEX.
🔴 SEGMENT 1 INTRODUCTION
1) please introduce yourself and your team to our community and tell your crypto story
I am Dan Gibbs, I come from a finance background, having been a trader on the stock exchange, and also running my own finance company. I got into Crypto back in a bout 2015, learnt a lot of hard lessons, but it was my dream to create a innovative Dex that favours the community
Hi Cryptoscape community! I am Jamie Davis, I have been into Crypto since 2016 and I am a true Anachist at heart, I love everything decentralised and am a true Moonriver and Kusama/Polkadot advocate.
2) What is ALPHADEX all about , it’s usecase and how you got the Idea of creating it??
Alphadex is an innovative decentralized AMM, cross chain incubator powered by Moonriver and Ethereum, It features a combined series of incentive driven farms and static staking pools, NFT launches. We have already deployed our DEX & Farms LIVE on Moonriver and have one trading pair USDC/MOVR so people can test. ROAR is our governance token and will be used for paying out rewards, staking, also pays transaction fees when using the ROAR markets on our DEX amongst many future applications and you will be able to purchase it from a major CEX also in the short term.
3) what are ALPHADEX unique selling points as compared to the other similar projects in the industry
We have so many advantages and selling points. Where to start... Our unique whitelisting feature for our Launchpads is focused around incentivising LP and market creators. So essentially you will be required to provide liquidity on our DEX to gain access to top tier Kusama and Polkadot project launches. We are also passing on all transaction fees from trades on our DEX to the LP providers, we will also feature a migration tool, and a unique spin on NFT launches, which allows for gallery launches with multi priced assets, in addition to Fractional NFT launches where users can by pieces of a collection or one off unique piece of art and more, but that's about all we can give away for now.
4) Can you justify the transaction fees and your tokenomics and tell how is it in the best interest of investors??
Well as we mentioned earlier, all 0.3% transaction trading fees will go back to LP providers, where they can stake for rewards. In addition to this Lp providers can stake their LP tokens in our farms and earn potentially 100's of % in APY. Then on the interest earned in the yield farms form LP staking they will then be able to stake a $ROAR token to appreciate further staking rewards. Therefore we are providing an extremely sticky environment on Kusama in Alphadex.
5) Are there Any exciting News or updates with regards to ALPHADEX That you would like to share with Cryptoscape Community??
Well let's see, We have to be a bit careful not to let out too much 🤫
Well one exciting thing we divulge is that we will also feature shadow staking in the near future. Also Moonriver will feature Polkadot interoperability which we are very excited about, and is also part of our roadmap, but I can’t give too much more away. All we can tell you is we have a best in class team with a highly talented CTO and we will strive to evolve our offering to ensure that our community is always rewarded with the maximum benefits. Also check out our twitter and follow us @thealphadex. We will also be releasing a medium article in the Cointelegraph shortly, so be sure to check it out.
🟡 SEGMENT2 TWITTER QUESTIONS.
1)Talking about the security, As we know Nobody can guarantee the security of Smart contract. But Audit play an important role in finding out the known bugs of smart contract. Can you tell us how strong your security system? Have you done an audit by any third party before?
yes absolutely, before we launch any feature to market, we do a full audit on every smart contract
You guys ask great questions 🙌 yes we have, RD Auditors have audited our smart contracts and everything came back squeaky clean. RD Auditors are highly reputed and are responsible for auditing the likes of DaoMaker, Quickswap, Orion and many more. We have also had our farms and token smart contract audited also.
2)What is the revenue model of @thealphadex ?! And how it will be in the best interest of investors?!
Our revenue model is based on incubating and advisory fees for new projects and bringing new projects to market through our launchpad. We also offer yield farming incentives which transpose into additional bottom line revenue for Alphadex.
3)Currently, many IDO launchpad projects focus only on supporting other projects during launch, but can incubators really support these new projects even more? If so, can you tell us how Thealphadex will support new projects Before and after launch?
We have two advisors including one that has been in the DeFi space for around 5 years and already works on another launchpad and has a large network to assist in bringing new projects to market.
We don't just launch the project, we also assist in listing on our own DEX, will provide leverage off our community and support the project post launch into the future to connect with the best marketers, KOLs/influencers etc.
4)Alphadex is DEX, but it is important to attract liquidity and create a large pool, the more liquidity there is in the pool, the less slippage the orders will have. So, what strategies will you use to attract enough liquidity and thus counteract the slippage of orders?
The questions just keep on getting better. Go CryptoScape!!! We have specifically set up our LP yield farms to help us offer an attractive proposition to LP holders and market creators. Essentially, we have budgeted our farm emissions to be sustainable and ongoing whilst still remaining attractive (nice APY/s / % earning potential for farmers) We will also use a portion of our raised capital to inject into the DEX to create the most popular market pairs to base the farms off. So specifically
our token pair and lots of stable coin pairs to begin with. Also marketing and social media engagements and leveraging off our KOL’s. We have set up a LP Migration tool and will implement it to allow LP holders off say Solarbeam.io to move their LP tokens to Alphadex. And don’t forget we are passing all the transaction fees to the LP providers as well.
5)Token burn is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does have #Thealphadex a plan about token burn?
This is something that we will look at in the future. We believe that there are both benefits and downsides to burning tokens, however it is part of our roadmap and something we will definitely consider if it is in the best interest of our community. As the focus of our project is a robust self-governance system, we will leave that up to our community to decide.
🟢 SEGMENT 3 TELEGRAM LIVE
What is the most ambitious goal of your project? What is the ultimate vision that your project is trying to achieve in the cryptocurrency market?
Are you satisfied with your progress and achievements so far?
we plan to be as decentralised as possible using our robust governance system that we will have in place within the first 6 months. We are already deployed live on moonriver and will be full featured by TGE and ready to ROAR!
Even if a project does something good at the beginning, it is forced to close down later. But why? Can your project last a long time? Will you create a new product that will increase the durability of your project?
Interesting question, and a fair one, We have a best in class CTO and we also have top advisors on board for the life of the project, so we will always be updated and evolving to meet market needs. This is not just a set and forget. We also have some amazing partners on board that want to see the success fo the project and make sure we are always striving for excellence and being on the front foot will all new technology.
Each project has a future plan. That is how they will manage the days in the future. Have you made any such plan ?? Please share it with us. - Sure great question, we will continue to release unique features and toolsets, earning capabilities to our platform and ecosystem in the future state, we will also integrate to Moonbeam on Polkadot
Important Question: IS This Your project only for elite investors, how about others with small funds, is it open to everyone?? And also Where can we buy Project TOKEN?
Well as you are probably aware a project does need to be supported by larger investors that have influence in the industry and can build good connections and KOLS etc as well as form part of the governance system. It’s in the best interest of our community to build it that way, So its not a matter on not wanting smaller investors, its not just about us, its about providing the best outcomes for everyone
Karim - Do you want to use a larger partnership that will further develop and promote your project? Do you need a partnership? Can you list some of your partners?I am very interested in your investment. But I don't know the rules of your project. Can you give me your rules? How can I purchase your token?
Absolutely, we have all of our partners listed on our website at Alphadex.io. Some of the names include Moonwhale, ExNetwork, Wealth Union and many more, we will also work directly with the Moonriver team in the future and have already commenced talks with them to work on unique features.
Yes this was mentioned earlier, its very legit. we have had our smart contracts audited by RD Auditors and they came back perfect, we have also had our farms and token smart contracts audited too.
Can you list 1-2 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Shadow staking which is highly under utilized, fractional NFT launches and our migration tool.
I have seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?
The community is key, we are so passionate about Moonriver and the community, thats why we chose it. We wanted to make a project that was about and for the community, and offer maximum rewards.
Yes, we'd firstly like to thank you all for your support and questions, we want you to know that this project really is focussed on our community, We will strive to constantly evolve, and we look forward to having you with us on our journey🙏
Thanks again CRYPTOSCAPE and your community ❤️
Thank you from Crypto Scape 😍