Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Idexo May 31, 2021. This guest star Greg Marlin, Founder & CEO and Helder Sepulveda Co-Founder & VP of Engineering at Idexo. If you were unable to join the live AMA, no worries, here comes our 116th AMA recap!
We are glad to meet here:
Greg Marlin, Founder & CEO of IDEXO
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 Idexo?
Before I got into blockchain I have had a background in founding companies. For example I founded a company in SaaS that I grew from 0 to $1M/yr in recurring revenue from customers such as Salesforce.com, UN World Food Program and many large companies that used my software to plan their content marketing. When I entered the blockchain industry I focused on being a lead developer and CTO for different blockchain projects.
With this background I combine both business and technical experience to lead our team as CEO and CTO
Host: Can you explain what SaaS is?
Greg: SaaS = Software as a Service. It describes a business where you sell software as subscription licenses available through a web interface (i.e. through login). You pay monthly/annually for the use of the product, as opposed to the old model of selling software through a purchase and then ongoing maintenance fees.
Host: Got it, in the crypto world we are used to the abbreviation SaaS = Staking as a Service
Q2. What is Idexo? And how is the story behind the Idexo Creation?
idexo wants to empower creative individuals to build great industry-disrupting applications by simplifying complexity in 2 key areas:
- Technical: we wrap the technologies of various blockchains into a simple API that you can use to access key blockchain features in small lines of code, accessible with an API key. This allows projects to focus on building their applications right away.
- Economic: our engine handles all the gas transactions with the underlying blockchains using those native tokens. Our customers only need to buy Compute Credits from us, and we give them predictable purchasing power for those transactions meaning they don’t need to worry about token currency fluctuations and can build reliable business models with those.
When we started Idexo we took over a project that had been incubated to focus on the Compute Credit aspect, albeit with some different approaches about how to achieve it. We decided to focus on the user experience first at the developer level, to create demand for the Compute Credit, build the experience and work back to the technology and to the decentralization aspect. Along the way we built the back-end engine that runs Idexo, as well as specific methods such as the NFT API that has made things possible such as the idexobot that mints NFTs in a Telegram group and we continue to build out new innovations based on insight and market feedback.
We do get some users like this – entrepreneurs who have a vision for the product they want to build, yet no access to developers to realize them. We have had some success with very new developers who learned coding at the same time as learning how to use our product, it is that easy to use. At the same time, we are working on the problem of how to address this challenge, including by creating drop-in user interfaces and building partnerships with agencies who could specialize in our SDK. For now, we say if you are one of those people, please talk to us and we can try and figure out the best solution for you.
Q3. What is so exciting about Idexo, which might make Idexo different from all other projects out there?
One thing that is exciting is that because both co-founders are senior developers that we have been shipping product from the very beginning and also since we are focused on the mass-market experience first that we re-imagine how things can work, which has led to innovations such as being the first in the world to let users mint an NFT inside a Telegram group with a bot command as well as another such major innovation we will be announcing this week.
Host: It’s really interesting, it will really help the creative industry in the crypto world if that development gets completed soon
Q4. Please tell us more about Idexo Token, What utilities does the token have, and what benefits will tokens holders get?
With the idexo IDO (‘I do’) Token for instance you can stake them in a general pool or a directional pool and receive a share of all fees generated in USDT from products such as idexobot as well as the Compute Credits. When you do this, you get back stakeTokens that can be used for voting on things, as well as gaining free or discounted access to certain products. More information on this is available in our Whitepaper at https://docsend.com/view/t93c7yg2zg8xdzjs.
Q5. What are some achievement that Idexo has achieved so far? And what are Idexo upcoming plans, Especially in 2021?
We have achieved building out the back-end engine that powers our API and integrations with key blockchains such as Arweave, Avalanche, Binance Smart Chain, Ethereum and Polygon. This has enabled innovations such as creating an NFT on Arweave and BSC with one line of code, as well as the idexobot NFT minter in Telegram. We have also built our SaaS product. In 2021 we will continue to build new products with this foundation and we will be adding decentralization to our Compute Credit model that will be a big project. Also we will be completing our TGE later this month.
Q1. As a platform made to make easier the experience of being a developer, what minimum knowledge would be required to use Idexo and successfully and efficiently building a platform?
Q2. Could you assure us or show us in any way to beginners that Idexo is simple and understandable enough to use for those who are skeptical and think it is complex?
One of the key ways we make it easy is that we name the functions exactly what they are e.g. mintNFT() and we explain in our docs at https://idexo.gitbook.io/docs each parameter and how to use them. We provide examples of the 1 line of code you can use to perform the methods and you can copy/paste that into your own code. In addition, we are providing front-end interface examples within our dashboard at https://app.idexo.io to see this code work from a UI and visualize how to build your own such application. Soon we will offer drop-in front-end code to make it even easier.
Q3. What is our assurance that this is sustainable? How can you make a newbie in this field think that this is worth pursuing and jump into this than the other projects? Thank you so much
We are focused on the long-term and we integrate the community into everything we do. To see an example of this, see our TG group at https://t.me/idexo_io , especially our announcements that we make at least 2 times a week about the latest release and how you can participate.
Q4. Commonly to be a developers you need experience with different programming languages as solidity and Python, so can you tell us which SDK do you have to provide currently? Which language do you use?
Q5. Since you are all is a well aged one with a lot of experience, can you tell us what is:
1-your best advantage in idexo?
2-your strongest motivation to moving idexo forward?
3-your biggest challenge when handle the idexo?
- I’d say our best advantage is our team. We are now 6 team members, 5 of whom are developers (all full-stack) and so we are able to quickly move from idea to working product for any new idea.
- My strongest motivation is to help entrepreneurs and creative people achieve the promise of blockchain to disrupt every industry.
- My biggest challenge is to manage the competing priorities of what needs to be done to achieve our vision, there are many exciting things we can be doing, we need to accomplish them in the right order.
Q1. I see many people saying that NFT is the next ‘Trend’. I also see some use cases of NFT in the crypto space. What do you think about the growth of NFT in the crypto space and the real world? Will Project roll out any NFTs in the future?
I think NFTs have very many use cases outside of what you see today and this is why many people are excited about them. Take a look for instance at what we have done with our Early Adopter NFT that users could mint inside our TG group and that we have made upgradeable. We recently upgraded them for some of our users, improving their communityRank and giving them a special Minter badge that allows them to mint NFTs for other members. Look also at what we are doing with our Polygon Community NFTs later this week. NFTs have applications for every industry.
Q2. How efficient and secured is Idexo smart contract? Did you ever audit it via any external party?
Yes, we are currently completing the audit of our smart contract with Certik.
Q3. How big is your company? How many dev and team members are currently working? Do you hire remote workers? If someone wants to work with you, where should he/she contact?
As mentioned we are currently 6 team members and growing. We are a global and remote team. Yes, we are hiring. The easiest way to get in touch is to respond to any of our posts at https://careers.idexo.io (even if your desired role doesn’t fit the job posted – include what you really want in the cover letter).
Q4. I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?
Hi Valentina, Yes I’m confident that our system is secure from hackers, we currently do not have a program in place, but in the near future our intention is to add bug hunt and hackathons programs
Q5. Do you have any plan for building Nfts into your eco system because that is the hottest topic on crypto space?
Not only do we have the plan we have done it. 😉 Our Early Adopter NFT program was a key component and we are continually adding new features to it since we are able to upgrade the NFTs themselves as well as create different user interfaces to interact with them. We are also issuing new community NFTs that have different features and use cases. For instance look for our new Polygon Community NFTs that you will be able to mint using a bot command in our TG group later this week.
Q6. Do you have user manual or short videos that would guide potential users of Idexo to safely navigate your platform?
Yes we do, look at out Getting Started: https://idexo.gitbook.io/docs/
Greg: Yes, done, thank you everyone for the great questions! Thank you for organizing this!
Thank you for trusting NanoNews as the organizer of the event today, hopefully everyone can understand about Idexo
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