Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Soldex October 15, 2021. This guest star John, CEO of Soldex Ai. If you were unable to join the live AMA, no worries, here comes our 125th AMA recap!
We are glad to meet here:
John, CEO of Soldex Ai
For taking your time out from busy schedule for the AMA!
Q1. Could you give an introduction of yourself And how you can play an important role in Soldex?
My name is John Robertson I am Chief Executive Office at Soldex.ai. During my 20+ year career, I have worked in corporate and startups, As an entrepreneur, I develop and execute strategies for funding, sales, marketing, operations, finance, human resources, and agile teams. Work on projects in real-time and asynchronously all over the world. For Soldex I do all the important tasks like decision making, overvieving the development and managing different departments.
Q2. What is Soldex? And how is the story behind the Soldex Creation?
Soldex.ai is a first-of-its-kind base decentralized exchange (or DEX, for short), that is non-custodial. The reason for Soldex.ai creation was to advance the entire DEX industry make crypto easier to use with AI bots, this helps the novice user.
Q3. What is so exciting about Soldex, which might make Soldex different from all other Solana projects out there?
The exciting about Soldex.ai is that it helps to facilitate trading for the new and experienced traders, we will achieve this by implementing AI bots which will help new and experienced traders alike.
Another aspect is that it is built on the Solana blockchain, it decreases the gas fees exponentially and also improves transaction speed
Q4. What utilities does the token have, and what benefits will tokens holders get?
These are the main points of SOLX token:
- Transaction fees
- AI Bots feeding
- Protocol governance
Staking for protocol profits redistribution (TX fee redistribution to SOLX stakers will benefit owners to generate yields, plus it decreases supply in the open market, which positively affects token price).We will move to our Twitter Sessions
Q1. We know that solana is still need many upgrade as a big chain, they usually did the maintenence and slow on transaction, how can you tolerated that so soldex can use by us without any problem? Can you Guarantee something?
Since in the last year SOLANA popularity grew exponentially, we have put trust in the developers, especially after they have released version 3.1, which fixed a lot of stability issues
Q2. After checking the website, ‘ “Soldex’ vision & Mission is good. but it needs a large user traffic to be sustainable over time. What is your marketing strategy to increase the validity of your project brand? Are you planning a strategic partnership to level up your project?
Yes, we are really putting a lot of effort into marketing, especially we have hard-working team on such channels as Twitter; telegram and youtube. Recently we signed a partnership with well know technology developer @speqto. Our mission is to get on with the best names on the crypto market *DONE
Q3. Why Soldex encourage users to deposit assets and provide liquidity in the ecosystem that much? but what transparency and security gains do they receive for doing so, and what benefits do they reap as a result?
For the audit and security. After finishing the development of the DEX we will order an audit service for checking if the contract suitable for the public use *DONE
AI bots will provide the possibility for every trader to create their unique trading strategy algorithms, so this gives an ability to test and execute their own ideas. Traders will have the possibility to share their algorithms in exchange for commission fees, which will help to develop a community of traders to make trading/investing more easier
It is definitely good for all types of traders, especially for the newer ones who would like to know more in detail how the crypto trading world works. Different bots will have different trading strategies such as risk evaluation *DONE
Q4. To be a great platform for both Investors and for it’s users Transparency and security is important. Can you tell us some details about #soldexai transparency and your security mechanism. Have you already completed the audit of your platform?
For the audit and security. After finishing the development of the DEX we will order an audit service for checking if the contract suitable for the public use there we go…. all straight now.
Q5. Soldex has “AI-Powered Trading” as one of its features. I’d like to learn more about your trading bot’s performance rate and profitability. Is it appropriate for all types of traders (swing, day, scalping, and position) to use? Is risk management a part of this bot?
There are no guarantees when it comes to investing. Anything can happen. However, users will be able to see the performance of the bots and decide which ones make sense for them.
Q1. Security audits are extremely important for any project, especially DeFi protocols that deal with user funds. So, can you explain if your project has been audited to convey confidence and security to the crypto community that is interested in investing in your project?
Smart contracts will be audited by a 3rd party before launch of the beta version.
Q2. Do you have any NFT plans and its integration ahead in the roadmap? Also do you have any passive income options and incentivization reward for a long term hoder?
NFT is a 🔥topic. But you have to pick something to be good at. We’re not focused on building an NFT product but a fast exchange and bots that returns positive yields.
Q3. Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
As demand for AI trading grows so will the demand SOLX to stake with the bots. HODLing SOLX will increase it’s value overtime.
Q4. Staking programme is very important for any project, Can i stake your token? Do you have any plan of starting staking programme?
Yes. The AI Bots are staking pools.
Q5. Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does your team deal with these issues?
We will always stay on top of regulatory requirements. We are not providing a FIAT on ramp or and lending (leverage) services. Most regulators are focused on those areas.
Thank you for trusting NanoNews as the organizer of the event today, hopefully everyone can understand about Soldex
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