Polkadex
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Polkadex

July 15th AMA: Recap and Highlights

Future of Polkadex, product development, staying ahead of the competition, marketing strategies and PDEX token — all this and more in this comprehensive AMA recap. Full transcript included!

First things first

Why many crypto projects fail

Current market conditions, token sale and the Polkadex roadmap

Revenue generation for Polkadex

Staying ahead of the competition

How Polkadex avoids possible regulatory issues

PDEX token

Polkadex Orderbook and Polkapool as 2 separate products

Marketing Strategy

Recent marketing activities

Responding to FUD

The importance of partnerships

Global team = global approach

What about newbies? Will onboarding be easy?

More exchange listings?

Stay up to date with Polkadex

Full AMA transcript

Question 1: How old is Polkadex project? What are your long-term goals for Polkadex development?

Vivek:

Question 2: What is the structure of this project: is it decentralised or an open sourced protocol where everybody can contribute? If so, how will the governance be handled?

Vivek:

Question 3: How will Polkadex solve the scaling problem? And how does it overcome the threat of centralization?

Vivek:

Question 4: There is a widely held belief that most projects will not survive in the long-term. That’s probably true. What lessons have you taken from your experience and watching other projects in this space?

Vivek:

Question 5: What have you learned from an early version of your product? Do you have some major obstacles on your way now?

Vivek:

Question 6: Could you tell us about the Polkadex team and their background? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Vivek:

Question 7: Many industries were heavily affected by Covid-19 epidemic. How does it affect the growth of Polkadex? What are your plans to turn challenges into opportunities for Polkadex development?

Vivek:

Question 8: What do you think of the current state of the crypto industry? What do you think needs to be improved?

Vivek:

Question 9: Going from a startup project to a mainstream project and being a pioneer in the industry, does the team anticipate that many new startups will show up and compete?

Vivek:

🏆Question 10: For project development, the main priority is to have sufficient funds. Do you have sufficient funds for development?

Vivek:

Question 11: I see many projects start with very good ideas. But if there is low funding from Token Sale before launch, they abandon the project. What makes you sure this won’t happen with Polkadex?

Vivek:

Question 12: What is Polkadex’s revenue model? In which ways do you generate revenue/profit?

Vivek:

Question 13: Many projects have been shut down in different countries because they are not using the right regulations and licenses. In order to reach the whole world, how Polkadex will handle this problem?

Vivek:

Question 14: Many projects focus solely on selling tokens rather than making a real contribution to the blockchain world. Will Polkadex really fix a problem?

Vivek:

Question 15: Do you feel satisfied when you look back to the day when you started Polkadex?

Vivek:

Question 16: Is there a chance early-stage investors can help the project by assuring they are not selling their tokens? We know you can’t tell them, but talking to them about it will benefit other investors and put trust in Polkadex.

Vivek:

Question 17: As an investor, I find unlocking nearly 1 million PDEX tokens unfair. Is there any way community can put governance to work and push back the unlocking date?

Vivek:

Question 18: Creating a token is easy, but it takes professionalism & intelligence to keep it valuable in the long term. What is your plan to make PDEX valuable in the long run?

Vivek:

Question 19: Marketing is very important in crypto. What is your for short-tem and long-term marketing plan?

Kseniia:

Question 20: If anybody thinks your project looks like a scam that can’t be trusted, how do you make them believe in your project?

Kseniia:

Question 21: The race for success in crypto is a very long marathon and you can never do it alone. What is your opinion on the partnerships and collaborations you need? When will you give priority to partnerships?

Kseniia:

Question 22: Is Polkadex a global project? Is there a plan to cover Korean, European and African communities? Will you launch multiple language lines for non-native English speakers?

Kseniia:

Question 23: A project like Polkadex may require spreading awareness and educating new users. Do you offer any ambassador programmes?

Kseniia:

Question 24: I am interested in contributing to the project as a developer. As a community-driven project, do you have any relevant programs?

Kseniia:

Question 25: Education for cryptocurrency is necessary nowadays. What’s your plan to attract those people who don’t know about cryptocurrency?

Kseniia:

🏆 Question 26: One of the biggest issues for DApps is onboarding. What solutions do you have or are working on to try and resolve this problem?

Kseniia:

Question 27: As you are building and growing Polkadex, do you take into account community feedback, contributions and requests?

Kseniia:

Question 28: At this point, do you think you need exchanges like Binance to keep growing? Or is it better to forget those things and focus on other activities?

Kseniia:

Question 29: I believe in your product and $PDEX but I don’t see any marketing or Polkadex name mentions. Can the marketing team share a roadmap for the future? Although the whole market is down when the situation gets better can we see $PDEX popping everywhere?

Kseniia:

Live questions

Question 30: Polkadex is cooperating with KILT Protocol and Fractal on the decentralized KYC process. What made Polkadex choose them as partners? What is the purpose of decentralized KYC in Polkadex? Does it benefit Polkadex users?

Kseniia:

Question 31: Have you been audited? Have not heard you talk about that security of funds is what every investor craves for and plans to escape in case of insecurity if funds, scams and rug pulls? How strong is your security?

Kseniia:

Question 32: Polkadex and Fractal will use the KILT protocol as the underlying infrastructure to manage the KYC credentials required by Polkadex. Does it mean that Polkadex customers need to use Fractal and KILT to pass KYC? One of your missions is to use KYC to build a perfect decentralized exchange?

Kseniia:

Vivek:

Question 33: Has Polkadex considered integrating any deflationary models to increase the value of your tokens?

Vivek:

Question 34: The central point of any platform dedicated to the trading market is to have a user-friendly interface, so I want to know how simple or easy it is to use your trading tools?

Kseniia:

Question 35: I understand that Polkadex does not charge transaction fees, so how do you plan to solve the distributed denial of service (DDoS) problem that is usually associated with zero network fees?

Vivek:

Question 36: I heard that the Polkadex team demoed their mobile app this week. Can you tell us more about this app? What features will be included? Will Polkadex release it for Android and iOS? When do you plan to release it?

Kseniia:

Question 37: Polkadex is a hybrid DEX with AMM. Do you have an order book and liquidity pool? Can a trader switch between the order book and the liquidity pool?

Kseniia:

Question 38: Does Polkadex have an app for IOS or Android mobile devices?

Kseniia

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