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Soldex.ai x Satoshi Club AMA Recap from 3rd of November

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Soldex.ai and our guest was @soldexmax. The AMA took place on 3 November.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

D. | Satoshi Club: hello everyone! we are starting AMA with Soldex!

today our guest — @soldexmax !

hello and welcome to Satoshi club!

Jonah 🏅🎹 | Satoshi Club: Welcome to Satoshi club @soldexmax 👏👏

Max Soldex: Hello everybody!

D. | Satoshi Club: happy to have you here

let’s start our AMA with a short intro

@soldexmax could you please introduce your project and yourself? 😊

Max Soldex: Sure

My name is Max Yampolsky. I am a Blockchain evangelist and tech product manager.

Founder of OB Trading and Scalifier blockchain and marketing startups. Creator of the $OBT coin. For now I am a General manager @ Soldex.ai.

D. | Satoshi Club: nice! so as i see Soldex is not your first project in crypto 😉

so what is Soldex?

Max Soldex: Yes, but I am one of the founders and have an excellent command of all the specifics and am available to answer any questions you may have, and I will now go into more detail about Soldex👇

D. | Satoshi Club: sounds good

Max Soldex: Soldex.ai is a first-of-its-kind base decentralized exchange (or DEX, for short), that is non-custodial, which means that unlike centralized exchanges. For Soldex it is not necessary to have a token, you can trade them without having them.

Instead, Soldex.ai allows users to trade in a secure and safe manner, utilising peer-to-peer connection with liquidity that is supplied by other users. It is a third-generation crypto exchange that looks to solve the issues faced by centralized exchanges. Its biggest advantage is that it is using AI bots for trading, it does that by employing advanced machine learning and neural network algorithms. Soldex.ai is being built on SOLANA blockchain

D. | Satoshi Club: sounds cool and complicated at the same time 😉👍

D. | Satoshi Club: what was the reason to choose Solana for your project?

Max Soldex: For us it seems that Solana is the perfect exchange to solve such problems on the current exchanges as low transaction speeds and high gas fees, Solana solves all these problems and is miles ahead of its nearest competitors.

D. | Satoshi Club: fully agree, im using Solana daily 😄

Jonah 🏅🎹 | Satoshi Club: I agree as well 👍

D. | Satoshi Club: @soldexmax thanks a lot for this intro! are you ready to start with community questions?

Max Soldex: Sure!

D. | Satoshi Club: let’s do it!🚀

Q1 from Telegram user @ItsMelissa3

A few weeks ago you announced that on December 9th, you are looking to list SOLX across multiple launchpads via an IDO (up to 1% of the total tokens), and on December 10 list on Major exchanges. That article was published on September 6 in the Soldex medium. Is the start of stage 3 still maintained for those dates? Has this schedule been modified? When will the whitelist to participate in the IDO be launched?

Max Soldex: Excellent question, I will now try to answer it in detail 😉

Yes, the stage 3 will still be maintained for those dates. Whitelist to participate in IDO should be announced soon, please follow Soldex public annoucements.

D. | Satoshi Club: great! have you finished your private token sale? i see you have ‘solx private sale’ button on site, but for some reasons it’s not active

btw you have an announcement channel, when people can check all news?

Max Soldex: Private sale is still going, 0.09 per token with minimum investment of 10k , if it is not working write email to sales@soldex.ai

Jonah 🏅🎹 | Satoshi Club: When will it end?

D. | Satoshi Club: oh got it! good to know that 👍

Max Soldex: It will end sometime before exchange listing or when no tokens will be left

D. | Satoshi Club: we still have time 😊

Max Soldex: You have very cool questions, it’s easy to see that there are people in the group who understand😊

Q2 From Telegram User @KASG95

Will Soldex only focus on achieving the most used DeFi exchanger on the Solana network only? Or in addition to this, do you plan to incorporate many more DeFis products? including among them Derivatives and Dex Futures?

Max Soldex: As for now we are planning to stay only on Solana. Soldex.ai governance is very similar to other DEX governance, it is based on Community Governance. Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote. Soldex, like many other networks, will use its native token SOLX for protocol governance. As for now there is no minimum limit for staking.

D. | Satoshi Club: will Soldex have its own liquidity pools after DEX launch? or you will be use liquidity from other DEXs on Solana?

Jonah 🏅🎹 | Satoshi Club: I also want to ask that when it comes to governance is there a minimum required number of Holdings, and a maximum number of voting power a user can have to prevent the system from being controlled by those with bigger holdings?

D. | Satoshi Club: i think we have next question about governance functions btw 😄

Jonah 🏅🎹 | Satoshi Club: Oh yeah.. 😁

Max Soldex: Great, I’ll answer your questions one by one😉

Soldex will have its own liquidity pool

Jonah 🏅🎹 | Satoshi Club: Take your time 😉

Max Soldex: And yes, our team are working on proportional power distribution

Jonah 🏅🎹 | Satoshi Club: Great…. 👍

D. | Satoshi Club: so let’s talk more about governance in the next question😉

Jonah 🏅🎹 | Satoshi Club: Yeah.. and here it is 🚀

Q3 From Telegram User @Cheriemike

Soldex depends heavily on development and governance implemented by a Decentralized Autonomous Organization (DAO). This system allows the project to be managed by the community according to a constitutional code of conduct.So can you please highlight the principles of the code of conduct to be observed by all members and participants of Soldex community?Also, are voters granted a vote proportional to their financial participation to the network or does each vote requires a minimum of $SOLX from those who participated in the community votes? Thanks

Max Soldex: Soldex is implementing the proportional voting right scheme in order to avoid monopolization, but to a certain degree the more tokens you have, the more voting power you have

D. | Satoshi Club: 👍 does SOLX play any other role on DEX, except governance function? is it possible to generate any form of passive income with SOLX token?

Max Soldex: Yes, SOLX can also be used for staking and bot feeding

Jonah 🏅🎹 | Satoshi Club: Does the bot feeding have a fixed price and rate?

D. | Satoshi Club: what will be APY for staking after launch? can you share with us such an info? or it’s too early at the moment 😄

for info like this

Max Soldex: I’ll answer that in a moment

For now we cannot provide this information, but please follow the website soldex.ai for updates

Currently it is a bit to early to announce it, but please follow SOLDEX announcements

D. | Satoshi Club: got it! appreciate for answers! let’s move to the next question 😊

Q4 From Telegram User @Ask4unik

In the Soldex Academy your ultimate goal is to build a strong and vibrant solana DeFi community and your vision is to be an educational resource,designed to help new users become familiar with solana and DeFi and it’s key concept. As an interested user of the Soldex project,How can I be part of this Academy?Does this Academy require special skills before an individual can enroll?Are there special courses, programs that will be available?Who heads the academy?Are there special packages/rewards for those who enroll?

Max Soldex: Everyone will be able to join this academy, all the courses will for familiarization with DeFi and Solana. Currently we have a dedicated team for this academy.

D. | Satoshi Club: awesome. so it will be something like Binance Academy?😉 will you be focuse only on Solana Ecosystem or educate users about blockchain and crypto in general? will you charge any payment for courses btw?

Max Soldex: I’ll answer that in a moment😊

Yes, it will be similar and yes it will focus on Solana ecosystem, for now it is planned to be free

Q5 from Telegram User @Orlemys

Your project features AI-Powered trading as one of its main components, however, as we know, there is bound to be a margin of error in every data and analysis, no matter if it is done by humans, or by computers. Would you tell us about the margin of error of your AI-powered trading? What is the accuracy percentage, have you done exhaustive tests on it? Could you share those results? It is important that investors feel safe when using a protocol, so please elaborate on this matter, thanks.

Max Soldex: yep)

D. | Satoshi Club: tough question, i won’t have any additional questions to this one 🤣

Jonah 🏅🎹 | Satoshi Club: 😁.

Max Soldex: Great questions, it’s interesting to answer them) I’ll answer them now👇

Ai is very technical question, and I cannot answer it, however please follow our website, all the information including AI bot intricacies will be placed there

Q6 From Telegram User @DK177

Along with the AI trading full release, it has been planned to launch shadow AI trading during the stage 3. What do you mean by “shadow AI trading”? Is it an alternative to normal trading or a feature similar to copy trading? Can you give a sneak peek of this feature? Further, what is your estimated time frame to achieve the stage 3? I am asking this question because your roadmap does not include any time frames.

D. | Satoshi Club: “shadow AI trading”? sounds mysterious, i would guess it might be related to ‘private/confidential’ trading somehow😁😉

Max Soldex: Shadow AI trading is, as you mentioned, is copy trading, stage 3 should be Q2 or Q3 of next year, however we always hoping to achieve our goals earlier

and we hope you will 👍

D. | Satoshi Club: @soldexmax big thank you for the first part of our AMA! are you ready to open the next part? 😊

Max Soldex: yep, sure

Part 2 — live questions from the Telegram community

Q1. from telegram username@Mora110

I have read on your website. Soldex is characterized as an DEX, This is a great feature it is important to attract liquidity and create a large pool, the more liquidity there is in the pool, the less slippage the orders will have. My Question is What strategies will you use to attract enough liquidity and thus counteract the slippage of orders?

Max Soldex: Soldex utilises peer-to-peer connection with liquidity that is supplied by other users. Liquidity pool trading is predicated on having enough assets in each pool in order to facilitate instant trades. Soldex addresses this requirement by incentivizing users to deposit assets and provide liquidity.

Q2. from telegram username@NAZMP2

Why did Soldex select Solana to construct the project? Can you tell us what distinguishes Soldex from other platforms?

Max Soldex: For us it seems that Solana is the perfect exchange to solve such problems on the current exchanges as low transaction speeds and high gas fees, Solana solves all these problems and is miles ahead of its nearest competitors.

Soldex will power the new wave of finance interaction, which will bring Artificial Intelligence into the trading world, thus enhancing trading capabilities for even the least competent traders

Q3. from telegram username@ArtsiomMisjukevich

When is the Soldex.ai launching

Max Soldex: We are planning to launch a Soldex trading platform in 2022 Q2 -Q4

Q4. from telegram username@kokonutella

Long term investment for the NFT’s are smart choice so I wonder if do you have any roadmap and plans for creating an NFT market in Soldex project?

Max Soldex: One thing that we noticed about exchanges and trading is that it may be hard for newcomers, so we decided to facilitate this process and include AI bot implementation which will help newcomers and veterans alike to expand their trading capabilities and learn a thing or two. As of now we are diligently working on the AI part to bring the best experience to our users. The thing that makes it a good long-term investment is its ability to continually implement newer and more intelligent AI bots to reach our platform’s full potential.

Q5. from telegram username@chinyere2020

Can you explain how the “Buying/Selling of assets” work? How does this component of your AI powered trading ensure that assets are bought/sold according to the users’ goals?

Max Soldex: Cryptocurrencies continue to be an extremely interesting phenomenon. Digital coins continue to be an incredibly profitable investment tool, capable of generating huge profits on cryptocurrency exchanges or when investing in these assets over the long term.

Soldex.ai will work on all market conditions 24/7 with emotionless machine-learning and neural network algorithms. It’s like hiring an expert to do crypto trading for you while you can sit back and watch.

Crypto trading bots have the following key components: Market data analysis, Market risk prediction and Buying/Selling the Assets.

Q6. from telegram username@ ArtsiomMisjukevich

Can you describe the Soldex.ai protocol?

Max Soldex: The soldex.ai protocol will power the new wave of flexible financial markets by serving as a foundation layer for settlement, market making, custody and liquidity. New wave of market makers will own unique algorithms. Users will be able to customize their trading strategy and adjust their desired risk exposure, while keeping custody of their funds. In addition to exchanges, businesses such as OTC desks and market makers can simplify complex settlement workflows, which often involve manual procedures that are slow and prone to error without the fear of losing their funds.

Q7. from telegram username@Gbasdfg

🍀I learned about the SOLDEX Academy, which appears to be a worthwhile initiative; how do I become a member of the academy?

Max Soldex: Everyone will be able to join this academy, all the courses will for familiarization with DeFi and Solana. Currently we have a dedicated team for this academy for now it is planned to be free

Q8. from telegram username@ ArtsiomMisjukevich

Could you share a detailed tokenomics of Sodlex.ai?

Max Soldex: As mentioned Soldex.ai will use its native token SOLX.

As stated earlier, all activities on the platform will be done through its native token. The Soldex.ai token is a utility token based on its number of use cases — protocol governance, transaction fees, AI bots feeding, and staking.

Token Allocation

– Seed Round 1%

– Advisors: 5%

– Team: 10%

– AI Bots and Incentivizations: 15%

– Development: 20%

– Liquidity: 14%

– Private sale: 30%

– Public sale 5%

Share your roadmap.

The First Stage is 2021 Q2 -Q3

Marketing & brand awareness

Public IEO

Collaboration with Solana foundation

Standby for Solano smart contracts

The Second Stage is 2022 Q1–2022 Q2

Swapping Launch

Soldex AI prototype beta launch

Liquidity Launch

Listing on major exchanges

Global academy AI course

The Third Stage 2022 Q2 -Q4

AI trading full release

Shadow AI trading

Full launch Soldex AI protocols

Q9. from telegram username@flaapzyrich

How Strategic your marketing to promotion your project?

Max Soldex: The influencer marketing strategy will focus on Crypto influencers and getting endorsements from celebrities and Crypto Thought leaders. This will include sponsorship posts and podcasts from YouTube, TikTok, and Twitter influencers.

Q10. from telegram username@Gemshunter22

Do you have raised any funds,any partnership or ventures backed up??What are the achievements of it?

Max Soldex: For now, we have partnerships with Hoo Group Limited, Speqto Technologies, CSP DAO and Circlepod. For example, CSP DAO helps us develop our platform and our products by offering a unique blockchain system. There will be a good distribution of SOLX holders and avoids centralisation in the hands of a few large holders as happens with many projects, which will help the SOLX token perform well on the exchanges. And Hoo Group Limited, this is a great stamp of approval of how large established entities within the crypto space are seeking exposure to the Solana ecosystem by investing in and partnering with Soldex.

Here you can find more about our partnerships:

Hoo Group Limited (https://soldex.medium.com/hoo-group-limited-partners-with-soldex-73c938128644 ) — Speqto Technologies (https://soldex.medium.com/soldex-signs-long-term-partnership-with-speqto-technologies-60fba2dcad7d?source=user_profile———1—————————-) — CSP DAO (https://soldex.medium.com/soldex-secures-vc-funding-from-csp-dao-5145d4924475) — Circlepod (https://soldex.medium.com/soldex-ai-circlepod-the-partnership-to-implement-ai-technology-13baf785178?source=user_profile———8—————————-)

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

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Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/Soldexai

Twitter: https://twitter.com/soldexai

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Satoshi_storyteller

Storyteller for Telegram community @satoshi_club