AMA RECAP WITH SLICER FINANCE
AMA RECAP WITH SLICER FINANCE
On 23 december 2020 , 3X.EXCHANGE conducted an AMA in the autosultan Community. If you missed the AMA in person, read this recap for a deeper insight into 3X.EXCHANGE .Let’s take a look at the most interesting points of our conversation.
Segment 1: Poject Introduction
1.Could you please introduce yourself and tell us how did you get involved into Crypto?
Sam ( 3X.Exchange ):
Hey so my name is sam and i am the co-founder of 3x exchange. I entered crypto market during first half of 2018 ( Not best time to enter crypto market lol ) and started working as a customer relationship manager with an exchange.
2. Could you please introduce 3X Exchange in layman’s term to the Community ?
Sam ( 3X.Exchange ):
Sure so 3x.exchange is the first complete decentralized leveraged tokens exchange built on top of ethereum and powered by chainlink data oracle. We are the world’s first non-custodial leverage tokens exchange to offer liquidation free USD and Coin leveraged tokens.
Segment 2: Questions A From Twitter
The First Question From
@Tape_SETANJust one question can i said, can you explain a little about the main expectations of the project that you manage besides burning your project coins so that the price of coins remains stable so that the creation of traders remains within the scope of the project? Congrats & Thank.
Sam ( 3X.Exchange ):
Great so burning of the token has nothing to do with the platform as thats a simple gamification
Sam ( 3X.Exchange ):
We have our own vision for the platform and that would not get impacted due to price of the token.
The Second Question From
@Wanaking77This liquidation-free product applied to the # 3xt liquidation system does not try to maintain constant leverage. why don’t you try to maintain? what kind of liquidation model do you employ to increase the token value ?
Sam ( 3X.Exchange ):
Ok so we use same leverage method whats used by binance and maintain a flexible leverage between 1.5X to 3.5X this helps us in ensuring capital is protected in unfavorable market conditions and maximum gains in favorable market conditions .
The Third Question From
@Aleyaaa28We can see uncountable amount of Hacking & Leaking News today in this Cryptocurrency Space. How you ensure that the assets of 3x Exchange Users are Safe and Secure ?
Sam ( 3X.Exchange ):
Very important question so security of users fund is our topmost priority and we plan to have one internal and dual external smart contract audits before mainnet going live. This is also one of the core reason why we have chose chainlink above all.
The Fourth Question From
@Rhada25What is your vision and mission to build http://3x.exchange on Ethereum and supported by Oracle Chainlink data? and what are the main differences between the http://3x.exchange leveraged token and other leveraged token types ?
Sam ( 3X.Exchange ):
Ok so we aim to become uniswap of leveraged tokens and provide same experience to traders for leveraged tokens trading that they have been experiencing on uniswap for normal erc20 tokens trading. We are doing this by implementing an easy to use interface which does not make it look complex to trade leveraged tokens.
Last question Question From
@atika_rani14Roadmap is really important thing to make investor learn and believe about your project, but I can’t find the $3XT roadmap. Can you share us $3XT roadmap? How was $3XT journey from beginning and what are the next $3XT plan ?
Sam ( 3X.Exchange ):
Yeah so we have our detailed roadmap available at our medium blog which i can share with you all and as per the roadmap the next major milestone is testnet launch towards the end of jan.
Segment 3: live Questions From Member Auto Sultan Group
Telegram User : @Spott
Why does 3X EXCHANGE support chainlink oracle for providing price feeds ?
Sam ( 3X.Exchange ):
Because its safest data oracle in the market atm
Telegram User : @Raj_S_2001
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest ?
Sam ( 3X.Exchange ):
Yes 1% of all transaction is burned forever
Telegram User : @inexted87
A partnership is essential for Adoption, so can you tell us what partners you have now and in the future ?
Sam ( 3X.Exchange ):
We are currently working on several strategic partnerships and they will be announced in due course.
Telegram User : @Ziazon
What can we expect to see from this project in the short-term (at some point in 2020) and 2021 and beyond (long-term goals)?
Sam ( 3X.Exchange ):
You can see testnet towards jan end followed by mainnet in mar.
Telegram User : @varioo8
Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project ?
Sam ( 3X.Exchange ):
At a later stage when we believe the product is right we will allow the community to participate in the platform governance by implementing a DAO.
More information about 3x,exchange :
1.Website
2.Telegram
4.Medium