Wednesday, 20 October 2021, 1PM 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 @soldexai
John Soldex : Glad to be here today!
I will explain a little about the AMA segment this time,
Segment 1: project introduction
Segment 2: Question Twitter
Segment 3: Live Question
Segment 1 : Project Introduction
SESSION INTRODUCTION PROJECT
Q1, Can you explain to our community what Soldex is? And how does it work?
John Soldex : So to say, Soldex.ai is a first-of-its-kind base decentralized exchange (or DEX, for short), that is non-custodial, which means that unlike centralized exchanges, for Soldex it is not necessary to have a token, you can trade them without having them. Instead, Soldex.ai allows users to trade in a secure and safe manner, utilising peer-to-peer connection with liquidity that is supplied by other users. It is a third-generation crypto exchange that looks to solve the issues faced by centralized exchanges. Its biggest advantage is that it is using AI bots for trading, it does that by employing advanced machine learning and neural network algorithms. Soldex.ai is being built on SOLANA blockchain.
Q2, what features are available in Soldex? And what makes it different from other projects ?
John Soldex : I will put it in numbers:
1. Permissionless. Trade perpetuals on any pairing. Our governance will ensure that the best trading pairs are available and that only the safest oracles are used.
2. Community Governance. Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.
3. Real-time Settlement and Light-speed swaps. Fast trading experience with automatic deposit directly to your wallet.
4. AI-Powered Trading. Emotionless machine-learning and neural network algorithms and bots.
Q3, can you explain what is AI Powered trading on soldex ?
John Soldex: Cryptocurrencies continue to be an extremely interesting phenomenon. Digital coins continue to be an incredibly profitable investment tool, capable of generating huge profits on cryptocurrency exchanges or when investing in these assets over the long term.
Soldex.ai will work on all market conditions 24/7 with emotionless machine-learning and neural network algorithms. It’s like hiring an expert to do crypto trading for you while you can sit back and watch.
Crypto trading bots have the following key components: Market Data Analysis, Market Risk Prediction and Buying/Selling the Assets.
Q4, Does Soldex have a partnership? If so, what effect will the partnership have on the Soldex platform?
John Soldex: For now, we have partnership with Hoo Group Limited, Speqto Technologies, CSP DAO and Circlepod.
For example, CSP DAO help us develop our platform and our products by offering a unique blockchain system. There will be a good distribution of SOLX holders and avoids centralisation in the hands of a few large holders as happens with many projects, which will help the SOLX token perform well on the exchanges.
And Hoo Group Limited, this is a great stamp of approval of how large established entities within the crypto space are seeking exposure to the Solana ecosystem by investing in and partnering with Soldex.
Here you can find more about our partnerships:
Hoo Group Limited – Speqto Technologies – CSP DAO – Circlepod
Q5, Security is very important for investors, so what kind of security do you use in the Soldex project to secure investor data?
John Soldex: Our technology partner Speqto Technologies is working on it and we can ensure that security is the main priority!
SESSION QUESTION FROM TWITTER
Q1, from @SLiomie Liquidity mining is the best way to generate passive income. Liquidity funds are very important for decentralized exchanges and this is exactly one of the key advantages that you will have with Soldex. What passive income strategies does Soldex offer to users?
John Soldex: I could say, that will be announced later down the road.
Q2, from @Albertjaison2 Soldex is launched on solana platform which is highly capable and efficient. Do you plan to expand to other well established blockchains? Can you also tell us about the DAO of Soldex? What is the minimum $SOLX to be staked?
John Soldex: As for now we planning to stay on Solana definetely. Soldex.ai governance is very similar to other DEX governances, it is based on Community Governance. Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote. Soldex like many other networks will use its native token SOLX for protocol governance. As for now there is no minimum limit for staking.
If about DAO, Soldex.ai governance is very similar to other DEX governances, it is based on Community Governance. Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.
Q3, from @CryptoOliver431 ”SOLDEX” is a Decentralised Exchange. One of the big problems for such projects is low liquidity. So what strategies will you use to attract enough liquidity? Because the more liquidity there is in the pool, the less slippage the orders will have.
John Soldex: First of all, Soldex will utilise peer-to-peer connection with liquidity that is supplied by other users. Liquidity pool trading is predicated on having enough assets in each pool in order to facilitate instant trades. Soldex addresses this requirement by incentivizing users to deposit assets and provide liquidity.
Q4, from @Inezlolly Can you tell us about how Soldexai grew in the market, i.e. How it started and everything you have achieved so far And tell us about the plans you have for the future with this project, what makes it a good long term investment for user?
John Soldex: One thing that we noticed about exchanges and trading is that it may be hard for newcomers, so we decided to facilitate this process and include AI bot implementation which will help newcomers and veterans alike to expand their trading capabilities and learn a thing or two.
As for now we are diligently working on the AI part to bring the best experience to our users. The thing that makes it a good long-term investment is its ability to continually implement newer and more intelligent AI bots to reach our platform’s full potential.
Q5, from @crypto_odeb Soldex has the vision of being an educational resource, designed to help new users become familiar with Solana, DeFI and its concepts. So, can you explain why you decided to be an educational resource for the community? Do you plan to educate developers or the community at large?
John Soldex: Understanding decentralized finance is helpful for beginners. If you are looking for money-making activities on the blockchain, knowing the basics will help you discover things that you can’t find by searching on Google alone. Decentralized finance has been one of the greatest technologies ever developed on the blockchain. Because of its decentralization, users are able to save a lot of their precious time, especially when the service involves loan processes and other ways to make money. Imagine how much time you can save with smart contracts automatically executing your agreement with another person without waiting for approval from some banks.
For the education, Global academy AI course will be launched
SESSION FREE ASKING
Q1. Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
John soldex : Now we have an ongoing private sale you can participate by contacting email@example.com
And here is the Whitepaper : https://soldexai.gitbook.io/soldex-whitepaper/
Q2. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
John soldex : This is a blend. The first part SOL comes from the blockchain the project is based on SOLANA. And the second one DEX means Decentralized Exchange.
Q3. While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
John soldex : Of course. Feedbacks are always important. As we will understand more what we need to fix or what to implement.
Q4. Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
John soldex : Yes, token holders can participate in protocol governance, it could be anything related with blockchain structure (ex. Additional token emission)
John Soldex : Well, just want to say thank you for having me and thank you for your questions! They were really nice! Congrats to the winners!
Website : https://soldex.ai/
Linkedin : https://www.linkedin.com/company/soldex