Dino Exchange — Telegram AMA — April 16
On Friday, April 16, we had the pleasure to welcome to our Telegram chat:
We asked him questions about the development of Dino Exchange.
Some sentences have been slightly edited for readability but the meaning has been conserved.
Dino Exchange is an automated market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain with a lot of features that let you earn tokens by yield farming or playing games on our platform.
Dino Exchange uses an automated market maker (AMM) model that allows digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers.
Users can do liquidity mining in selected pools so that they can enjoy passive income. While someone provides liquidity for the designated pool he/she earns a Dino token as a reward.
Users can log in with their wallets and see all their assets in one place, as well as simple interfaces for making further investments — in yield farming, liquidity mining, or simply diversifying their token holdings.
Q — Ayeley Commodore-Mensah from GAINS: Tell us a bit about yourself. What did you do before crypto and did you have any other previous venture in crypto?
A — Cebastian from Dino Exchange: I worked for some financial companies before jumping full time to crypto. It’s been a long hard journey but a wonderful one.
About Dino Exchange
Q — Ayeley Commodore-Mensah from GAINS: What is Dino Exchange about in a few simple sentences?
A — Cebastian from Dino Exchange: Dino.Exchange is an automated market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain with a lot of features that let you earn tokens by yield farming or playing games on our platform.
We want to create an environment where people can do yield farming with sustainably high APR.
Q — Twitter user @meml1997: I saw you are developing a mobile dApp, could you tell us more about it? What features will you offer on this mobile dApp? Will it be available for Android and iOS devices and what requirements do our phones need to meet to run this dApp? Also, when will it be released?
A — Cebastian from Dino Exchange: It’ll be released this year in ios and android. All of the features on Dino Exchange will be put into our mobile dApp. Traders can use Dino.exchange anywhere!
Q — Twitter user @RosemaryT08: You mention that Dino Exchange is based on Binance Smart Chain, but how does this network or ecosystem positively influence Dino Exchange? What are the benefits that BSC brings to Dino Exchange in terms of trading? Thanks to this, they have low fees, right?
A — Cebastian from Dino Exchange: Our plans and goals align with Binance Smart Chain very well because of its low fee and fast transaction speed. Traders can save lots of money trading, farming on BSC, unlike ETH and other chains.
Q — Telegram user Femi Oyinloye: You said that we can use DINO to participate in different games on your platform, if I may ask, what kind of games are you talking about?
A — Cebastian from Dino Exchange: Provably-fair games run on top of the DeFi ecosystem, such as lottery, dice, and more.
Each game will have a unique mechanism to lock/burn DINO tokens to reduce the circulating token supply.
Q — Telegram user Yaritza Gutierrez: Being the most important focus of the moment the NFT tokens; Why won’t Dino Exchange develop and have no markets with NFT? Do you really see them as an emotional market that will soon end or what?
A — Cebastian from Dino Exchange: we know NFT is also a trend recently. That’s why we are also developing an NFT-integrated protocol to Dino.exchange. We’ll soon announce more news about this on our channels. Make sure to tune in for more updates at @dinoexchange.
Q — Telegram user Amina Peter: What features of Dino exchange you think will give more satisfaction to traders, yield farmers, gamers?
A — Cebastian from Dino Exchange: We aimed to be the very best of three worlds, where trading and farming are at their core.
Q — Ayeley Commodore-Mensah from GAINS: What is the token use case and how does it capture the value of the ecosystem you’re building?
A — Cebastian from Dino Exchange: DinoExchange token ($DINO) is the platform’s native token.
Users are rewarded with DINO tokens for staking their funds on the platform. They can then stake their DINO tokens to earn other types of tokens on special staking pools.
The DINO token can be used for participating in community governance where users can vote on decisions relating to the direction or running of DinoExchange.
Holders can also use DINO to participate in different games on the platform and have a chance to win attractive prizes. More token use cases to be updated in the future.
Q — Twitter user @dezlien: Burning and buyback mechanism is in the development phase at Dino Exchange. Would you tell some major points or models that will be used?
A — Cebastian from Dino Exchange: Yes we do. Burning and buyback mechanisms are in the development phase. This will boost the value of the DINO token.
Make sure to tune in for more updates at @dinoexchange.
Q — Telegram user aliando mustofa: Hay sir, Can you explain in a bit how the distribution of Tokenomics DINO? How many tokens will be printed? And how many tokens will the DINO TEAM lock?
A — Cebastian from Dino Exchange: Please have a look at the tokenomics picture below.
Q — Ayeley Commodore-Mensah from GAINS: What sets Dino apart, as compared to other exchanges on the BSC and even on other chains?
A — Cebastian from Dino Exchange: Our advantages come with our other features besides AMM DEX & Farming that most of of our competitors do not have, they are:
Dex Aggregator, Analytics, Portfolio Tracker, Games, Binary Options Trading, Limit Order, Margin Trading, Mobile DApp, Payment Gateway, Cross-Chain Swap
Q — Ayeley Commodore-Mensah from GAINS: Cool. Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
A — Cebastian from Dino Exchange: We’ve done raising funds. Most of the funds are used for product research and development, and for marketing
We may have more fundraising in the future.
Q — Ayeley Commodore-Mensah from GAINS: What stage is the project at? And what should we look forward to in the coming months?
A — Cebastian from Dino Exchange: We are finalizing our AMM dex and Farming. For a full road map please have a look at the graphic here
It was a pleasure having you in our group today, Cebastian. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS
Thank you so much for your attention!
Please follow us here — Cebastian from Dino Exchange