ALPHADEX AMA RECAP — 10/12/2021
Thank you to the Cryptowid for participating in Ask Me Anything (AMA) with ALPHADEX December 10th 2021 12pm UTC. This guest star :
- Dan Gibbs
- Protocol Founder
- Jamie Davis
- CMO of ALPHADEX
Before we start AMA main segment, we really want to know some informations about yourself. Could you do a little introduction for us know better about you?
Sure I can, I come from a finance background, having been a trader on the stock exchange, and also running my own finance company, 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
Q.1 Please tell the community what is Alphandex in detail?
sure, 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. LP providers receive the full transaction fee charged for trading transactions. We have already deployed our DEX & Farms LIVE on Moonriver and have one trading pair USDC/MOVR so people can test. We have done our audits with RD Auditors and all are in good order. Some key points of difference to other DEX’s on Moonriver and other Blockchains and parachains as mentioned above.
Q2. As we know, every serious project always have their own roadmap. Could you please explain Alphandex roadmap and also what phase is currently ongoing?
We are currently working on our BETA yield farms shortly after TGE followed by a 2nd iteration that will offer attractive LP staking and farming programs. We have just pushed out our LP migration tool and a lot of new features will go live on TGE!
Q3. We are so curious about $ROAR, could you please tell us about $ROAR its total supply, its features, and where we can buy it?
ROAR is our governance token with a total supply of 120M it is 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.
Q4. What is Alphandex strategic plan for the future?
We have so many future plans, let’s leave some as a mystery, I believe in the saying, “don’t ever show your hand to your hands. 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 to ensure that our community is always rewarded with the maximum benefits. In terms of tech, I can let you know that we will be featuring shadow staking, but the rest is a secret for now.
Q1. Alphadex is NFT platform, but really for users should not be important the quantity, but the quality, I mean, how valuable are the NFT that we can acquire in Alphadex, what elements give them a real value that allows them to be easy to market in the NFT market?
ha, well I suppose, nothing in life has any real value other than what some is prepared to pay for it. We have already engaged with some high quality digital artists. Our unique spin on NFT launches 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 .
Q2. In your whitepaper you mention that Alphadex was designed on trust-less business model. Can you tell us what does it mean? Is your product a powerful tool for businesses and big companies? What do you have to offer for them?
We offer non-custodial wallet connections, meaning that a user always has their own keys etc.
Q3. The networks Polkadot, Kusama and Moonriver all have some similarities build on them. Among these, why did Alphadex decided to choose Moonriver? What could be the technical advantages of Moonriver over Polkadot and Kusama blockchain?
We chose Moonriver because we truly love the amazing community behind it. Moonriver is just in it’s infancy and has some much room to grow with so many exciting future projects in the pipeline. In as far as it’s technical advantages it’s also very fast, and in the near future 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.
Q4. As an NFT combined with blockchain games, the top blockchain game Axie Infinity has achieved success through a set of feasible economic models. Do you have any special settings on Gamefi?
We are looking to which ways we can gamefi our NFT launch pad as we speak. We already have a great model where only users who provide liquidity on our DEX will be able to take part in launches and other elements will be built out around making this fun and with better earning potentials.
Q5.Does your tokens have farming and staking usages and if yes what APR do you give to us?Does Your project have farming and staking usages and if yes what APR do you give to us?
Yes you will be able to stake for rewards and receive very lucrative APY’s. Our yield farms will offer very attractive incentives, and as we mentioned before all trading transaction fees will go back to LP holders and market creators. The rest you will have to wait for the launch
Q1. Who is your project’s biggest rival? In the future, does your project have a plan to beat your rival or cooperate with them? I think that will be a huge step forward for your project.
Competition is healthy, We have the goods to tackle them though, we will use our LP Migration tool and offer superior rewards and toolsets to really assist in bringing Kusama and Moonriver community to our DEX
Q2. You have already done many Partnerships, Are there any upcoming Top parnership coming?
Yes we definitely have some surprises up our sleeve. We are partnering with the very best, but more on that soon, So stay tuned. All I can say is, the demand for this project has been amazing and attacted the industries best.
Q3. Can you tell us about some of your partners and who you are planning to cooperate with in the future?
Great question, we have Moonwhale, ExNetwork, BBS, Black Edge, Magnus Capital and many great influencers such as Crypto Fomo, Lil Lambo and many more
Q4. How important is the community to Your project? and How can we collaborate or help share token for the development of the project?
The whole basis of this project was to build a self governed community, thats why we went with Moonriver because it aligns with our fundamental passion for our community
Q5. Can you list 1-3 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, migration tool, yield farms, uniique fractional NFT with the best rewards for LP holders
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