Monday, 13th December 2021,12PM UTC
Hi everyone and welcome to the AMA on Forum Crypto Moonlight Official Group We’re honored to host an Ask-Me-Anything session with @alphadexio
I will explain a little about the AMA segment this time,
Segment 1: Project introduction
Segment 2: Question Twitter
Segment 3: Live Question
SESSION PROJECT INTRODUCTION
Q1, Can you explain to our community what is alphadex ?
Daniel Gibbs : Alphadex is an innovative decentralized AMM, cross chain incubator powered by Moonriver and Ethereum, It features a combined series of incentive driven farms, static staking pools and NFT launches. It will feature shadow staking, a migration tool, and our 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. We also offer extremely attractive rewards, with all trading fees passed back to LP providers.
Q2, tell you about our Alphadex community vision ?
Daniel Gibbs : Our vision is not about reaching an endpoint, it’s about continual growth and evolving with new tech, along with market changes and demands. We are building an eco-system that is centred around giving the best rewards to LP providers, and will continue to devise new and ingenious ways to provide that to our community well into the future.
It should be noted that Alphadex is not just a concept, we have already deployed our DEX & Farms LIVE on Moonriver and have one trading pair USDC/MOVR so people can test it out.
Q3, what is the name of the main coin of Alphadex ? And we tell us about Alphadex tokenomics ?
Daniel Gibbs : $ROAR is our governance token with a total supply of 120M. It will be used for paying out rewards, staking, also pays transaction fees when using the ROAR markets on our DEX amongst many future applications. Please see our tokenomics page.
Q4, For now where can we buy $ROAR coins?
Daniel Gibbs : We will hopefully launching on a top tier CEX, but obviously you will have to wait until TGE
Q5, what benefits will be obtained by holding $ROAR coins? And is there any other way to earn profit apart from holding $ROAR coins?
Daniel Gibbs : Well as we mentioned earlier, all transaction of 0.3% 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.
SESSION QUESTION FROM TWITTER
Q1, From @SLiomie One of the many impressive features of Alphadex is it’s Cross-Chain which enables users to swap their crytocurrency assets across popular blockchains. What popular chains does Alphadex currently accommodate with this feature, fee charged by the exchange to render this service?
Daniel Gibbs : Great question, once again, all transaction fees will go back to LP providers where they can stake rewards. Alphadex currently accommodates Moonriver on the Kusama parachain and Ethereum. Additionally Moonriver will also feature Polkadot interoperability in the near future which we are very excited about, and forms part of our roadmap.
Q2, From @tamboman13 According to your statement, Your current state and live state is Moonriver on Kusama and Your future state will be on Moonbeam on Polkadot and Ethereum. Firstly, Why have you chosen Moonriver on Kusama as your current and first state? Secondly when will you change your state?
Daniel Gibbs : We chose Moonriver because we truly love the amazing community behind it and the team that develop it are great, we will be working closely with that team as much as we can to leverage off them and also assist in building and standing up some different DeFi tech for Alphadex and the ecosystem. Our future state will include not only going LIVE on Moonbeam on Polkadot, but also live on Ethereum once its scales to 2.0. That being said, we will also remain on Moonriver!
Q3, From @nicole_binuya We all know that security is really important and valued by users these days. What security measures does AlphaDex take for its investors? How do you prefer to protect against hacking and do you have insurance for investors?
Daniel Gibbs : Great question! We offer non-custodial wallet connections, meaning that a user always has their own keys, and all of our smart contract. 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 tokens audited as well.
Q4, From @Herbertchandl18 Partners are very important for every project today, may I know which partners
@thealphadex have now? and which partners in the future you will be heading to ?
Daniel Gibbs : We have partnered with Oddiyana incubation and advisory team, and have secured the highest calibre investors that will form part of our governance system, along with our community. We also managed to expedite our capital raise very quickly, with investors who saw great value in our project. Follow us on twitter @thealphadex where we have announced all of our partners to date. We also have some amazing KOL’s on board, such as Crypto Fomo, LilmoonLambo, Trader Lenny, CryptoDauk, with some more surprises still to come.
Some partners include the following;
Black Edge Capital
Dutch Crypto Investors
And many more……
Q5, From @Quinn3580 Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project?
Daniel Gibbs : Firstly, we have a full working MVP, static farms and a project that is ready to go to market immediately. This project has already been fully privately funded and highly resourced by our value add investors that offer a huge reach. We literally could have sold out all rounds in two days, which is testament to how much backing and support we have from some of the industry’s biggest names.
We have also budgeted our farm emissions to be sustainable and ongoing whilst still remaining attractive with lucrative 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 to move their LP tokens to Alphadex.
We will also derive revenue from 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 which will see us $ROARING well into the future!
Q1. Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable??
SESSION LIVE Q&A
Jamie Davis : Yes, we have already audited our router, factory contracts for the AMM DEX, our Token has been audited and also our Yield farms, we are currently getting our Launchpad smart contracts audited and that will be completed in a few days. Every smart contract that a user interacts with must be audited before launch in our ethos.
Q2. NFT is very popular. Will there be your project NFT integrations or enhancements?
Daniel Gibbs : Yes there will be, we have been in discussions with major partners with lots of synergies in the near future.
Q3. Project Alphadex, is it really hard to start it? Which companies do Alphadex think are potential partners and to some extent, they are good for the user base and the Alphadex project itself?
Jamie Davis : Great question, we will work with Moonriver shortly and hope to develop a strong tie with their team, we have already met them and they are great. We wouldn’t rule out working with NFT bridging services such as Scotty Beam or even RMRK who are doing some amazing things with NFT Tech on Moonriver.
Q4. Important Question: I really very interested to invest on your project. where can I buy $ROAR token right now!?? is it listed on binance, Hotbit, Kucoin, MEXC, Pancakeswap or any exchangers?? Can you tell me please??
Jamie Davis : Alphadex is DeFi through and through, if you are referring to lending etc, we will investigate implementing this further down the track
Q5. Can you tell us about your upcoming presale? Where can I buy your tokens?
Which exchanger can get this token?
Jamie Davis : We have already released that we will be featured on Polkabridge and we are currently tying down another Launchpad as we chat in this AMA 🙂
Website : https://alphadex.io/
Pitch deck : https://docsend.com/view/s/i97dbf746he9wmd3
Medium : https://alphadex.medium.com/
Telegram Group : https://t.me/alphadexio
Telegram Channel : https://t.me/alphadex
Twitter : https://twitter.com/thealphadex