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Autonio AMA

To help celebrate the listing of Autonio on AscendEX, AscendEX’s Mary Zheng sat down for an AMA with Autonio’s Head of Communications Tobias Kirmes to gain more insight into the project’s success and strategy for the future.

Project Details

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Mary Zheng | AscendEX

For those that are not familiar, can you briefly describe Autonio, and what problems you are aiming to solve?

Tobias Kirmes | Autonio

Autonio is an early-stage decentralized autonomous organization built around developing accessible and easy-to-use trading tools and infrastructure for the DeFi space as a whole. We try to achieve this by democratizing access to trading tools, that, until now, weren’t easily accessible for traders. The NIOX Suite is the foundational toolset that includes several products like NIOX Maker, Swarm, Smartdex, and AI. The toolset we’re building in many ways can be compared to a Linux inspired open-source plug-n-play techstack for businesses, developers ultimately optimized for the end-user i.e. traders, investors.

For example, NIOX Maker and NIOX Swarm — an automated trading terminal and liquidity mining protocol enable efficient crowdsourcing of liquidity. Users can deploy market-making bots across integrated exchanges. As part of our partnership with SingularityNET, we’re actively working on AI deployment which aims to enhance trading performances for our users, leading to intelligent and sustainable crowdsourced liquidity. Finally, Smartdex is a multi-chain DEX featuring an order book interface powered by 0x protocol along with an on-chain market maker. Early iterations are inspired by Uniswap’s AMM model, however, we’re introducing our own on-chain market-making product called the Intelligent Market Maker or the IMM. The DEX is currently live on Polygon (Matic) and will have support for Conflux, BSC, and Cardano.

Mary Zheng | AscendEX

Great! In terms of the native token NIOX, how does the NIOX token function within the platform and why is it needed?

Tobias Kirmes | Autonio

The NIOX token, as the lifeblood of the NIOX ecosystem, is used to gain access to the trading toolset on a Hold to Use basis, providing easy opt-in/opt-out and a personalized learning curve, with minimal financial implications. It serves as a governance token, enabling DAO members to participate in the decision-making process to further develop the project while receiving staking rewards for taking part in the governance. DAO members also benefit from zero trading fees on the Smartdex.

Mary Zheng | AscendEX

Could you share the development status and progress of the project thus far? Including the major partners and perhaps some statistics.

Tobias Kirmes | Autonio

In terms of product updates, we’ve been quite busy recently. NIOX Suite is slowly taking shape with the release of Maker v1.0, Swarm v1.0, and Smartdex v1.0 all currently live. We have been able to gather some great partnerships over the last couple of months, with industry giants like Polygon, Loopring, Crypto.com, Elrond, SingularityNET and DAO, Conflux Network and now Ascendex. This is not an exhaustive list. Given the nature of our products we have the ability to collaborate with several exchanges, layer 1 and layer 2 protocols. We have many more exciting partnerships lined up!

In terms of statistics — With our products live for the last few weeks:

Smartdex has 3M+ in TVL, 3M$ volume in 2 weeks

Maker & Swarm have helped generate over $5M in Volume so far with few more days for the first campaign to go.

New campaigns will be launched soon btw, so stay tuned!

Mary Zheng | AscendEX

Could you please elaborate a little bit more on the NIOX Maker integration with AscendEX? What benefits does it offer to users and what pairs can they market make on?

Tobias Kirmes | Autonio

With the Ascendex integration users will be able to deploy automated trading bots across all listed pairs on the exchange using the NIOX maker. NIOX Maker offers an intelligent trading tool enabling users to automate their trading. With upcoming AI integration our tools will get smarter and better for our users.

Furthermore, we will soon have Swarm integration for Ascendex which will bring liquidity mining campaigns on different pairs to Ascendex.

Mary Zheng | AscendEX

Let’s talk about the current landscape of other projects doing something similar. What separates you from some of the competitors?

Tobias Kirmes | Autonio

We’re more collaborative than the competition overall, which is one of the great things about the space. We learn from our peers, and they learn from our innovations.

Given the nature of our tools and protocols, we have the ability to work with most ecosystem participants. Furthermore, the range of services and tools we offer are not paralleled by many projects in the space, so there is no direct competitor, however there are projects that offer specific services/features.

For example we are collaborating with some centralized and decentralized exchanges, while having our own multichain exchange product, the smartdex, currently live on polygon.

Mary Zheng | AscendEX

Can you please elaborate on the goals you are aiming to achieve in 2021?

Tobias Kirmes | Autonio

sure thing, there is a lot that we still want to achieve this year

We’ve been focusing on development the past year and are excited that most of our products are now live and growing steadily. In terms of technology, we will see the integration of our AI network that we’ve been working on with our partners at SingularityNET. Furthermore, we’re seeing NIOX go Multichain, and our products will follow.. To support the interoperability we will also see deployment of our cross-chain liquidity protocol.

With that being said, the rest of 2021 is all about growth and adoption. We have been focusing on laying a strong foundation for the project and are now geared up for widespread adoption, visibility and marketing. We will also see more partnerships with layer 1 protocols.

Community Questions:

Upkar Gata-Aura

Will AscendEX support deposit and withdrawals of NIOX using Polygon?

Tobias Kirmes | Autonio

This Ascendex listing is especially exciting for us because of the support it has for the Polygon network. Being a polygon ecosystem project Ascendex offers much more flexibility and convenience to NIOX holders with direct deposits and withdrawals to the Polygon network.

Reinhard Van Astrea

The biggest issues as of now in crypto are volatility and liquidity issues. What steps have been taken by your platform to overcome it? Do you plan to use any special strategy?

Tobias Kirmes | Autonio

Volatility often results out of a lack of liquidity. Our crowdsourced liquidity protocol Swarm aims to tackle this by providing a stable and ongoing liquidity provision on centralized and decentralized exchanges

chusso

As a community driven project, how can I contribute my quota to your success? Do you have a Global ambassadorial Program or Referral Reward System? Do I get any benefit from holding the token long-term ?

Tobias Kirmes | Autonio

Since we are a DAO you could easily contribute to the governance of the project by staking 300k NIOX and become an actual member of the DAO. But we will also have some lower tier staking very soon.

ÇRYPTÖ DÜDË

I heard that you’re offering a staking incentive for the NIOX token holders. Could you please tell us more about this? Can you please tell us more about your tokenomics in general?

Tobias Kirmes | Autonio

The staking part I covered a bit up, so about the NIOX token economics:

To start with the basics, the total supply of NIOX is 300,000,000 tokens with over ca. 95,000,000 NIOX currently staked. The circulating supply is around 84,000,000 NIOX And there are 120 mm tokens locked up.

Trading Symbol: NIOX

Token Type: Staking/Utility/Governance

Decimals: 4

Rasel Islam

Creating a project is simple, but is it really hard to make this project valuable? So what are your efforts to make your project valuable for investors? What are your future capital raising plans and what is your long term sustainable business model?

Tobias Kirmes | Autonio

Our mission is basically creating a prosperous community around algorithmic trading. We will achieve sustainability by bringing value to our own ecosystem via our tools.

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