AMA Satoshi Club x Yolex.io, October 18th

We are pleased to announce our next AMA on October 18th 2020 at 04:00 AM UTC Time: Satoshi Club x Yolex.io

⚠️Click to see the hour
⚠️Total Reward pool: $600

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Yolex.io Telegram group

We will have the following structure:

Part 1: 125$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.

Part 2: 125$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Yolex.io Team will select 10 questions and answer them.

Part 3: 350$ – A quiz about Yolex.io

For more details:
Yolex.io – @yolex_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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shahidCoinflipcanadaCoinflipcanadaBINSON ABRAHAMNataliya Recent comment authors
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Paul
Guest
Paul

What’s the benefit of using the “time-based limited order” feature on your platform?

Telegram Username
@PaoloMonte87
Paul
Guest
Paul

The initial amount of YEX tokens is only 100 and you’re stating that new YEX tokens will be minted to yield rewards and rebates to users. At the same time, you’re also stating that – as more YEXes are minted – an annual halving will take place and these rewards will reduce, but there doesn’t seem a total pre-established total supply number of YEX in circulation (or is it?). How can that sustain the token price over time?

Telegram Username
@PaoloMonte87
Paul
Guest
Paul

Can you share some information about the short-term milestones you plan to reach for Q4 2020/beginning 2021 and the longer-term objectives you plan to accomplish throughout 2021?

Telegram Username
@PaoloMonte87
HuyVo
Guest
HuyVo

Does this mean if I stake for 60 days I will also get 200% of my staked amount like 30 days?

Telegram Username
@huyvo87
Jupiter
Guest
Jupiter

I can see in your website that your platform is built on uniswap.Are there future plans to list yolex token in centralised exchanges?

Telegram Username
@Splendicity
Jupiter
Guest
Jupiter

What motivated you to start this project?

Telegram Username
@Splendicity
Solace johnson
Guest
Solace johnson

Yolex?

Can u tell us why you choose this name for your project?

Telegram Username
@HurricaneLad
Solace johnson
Guest
Solace johnson

Apart from gas fees,slippage fees are also one of fees that discourages someone from dex.
How do you plan to solve this?

Telegram Username
@HurricaneLad
Winter
Guest
Winter

– Yolex offers up to 100% rewards on my staking amount, where do these rewards come from? Do you charge commissions for doing the swaps so you are able to reward the users?

Telegram Username
@Winterkom
Winter
Guest
Winter

– Can I swap with Yolex all the tokens that are available at Uniswap? Do you have a separate liquidity pool or do you use Uniswap liquidity pool?

Telegram Username
@Winterkom
Winter
Guest
Winter

– Where is the trick in Yolex? Why are so many rewards given to users? How does this benefit the project? Is it really 100% in rewards?

Telegram Username
@Winterkom
Maksimov
Guest
Maksimov

Users are rewarded with YEX token every time they swap tokens. And how will the demand for these tokens be ensured if someone decides to sell them? Do you plan to organize their buyback or other actions to ensure the growth of their value?

Telegram Username
@stekbyte
Maksimov
Guest
Maksimov

Where can I find the Yolex.io project whitepaper? The site has information only about the nearest plans for October and November 2020.

Telegram Username
@stekbyte
Maksimov
Guest
Maksimov

How many members are in the Yolex.io project team? Can you be considered a close-knit team or did you meet recently?

Telegram Username
@stekbyte
@Hina61321130
Guest
@Hina61321130

What are the ways is Yolex generating profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investors and your project?

Telegram Username
@Anjani100
Dusty Llanos
Guest
Dusty Llanos

question:

to be specific,
is there a fix amount of $YEX token supply?
as the initial supply is just 100 $YEX and may increase in the future according to your data?

thank you

Telegram Username
@dustyllanos
Dusty Llanos
Guest
Dusty Llanos

question:

you were on top of UNISWAP V2 design,,
so,
What other concepts that you are going to add thats not been found in the UNISWAP V2?

Telegram Username
@dustyllanos
Jacob
Guest
Jacob

So many scam coins are lurking around on UniSwap. A major issue that needed to be address to serve the users efficiently and safe. What are your plans and countermeasures to help mitigate this problem?

Telegram Username
@AmirJosh
Jacob
Guest
Jacob

Can you please give us updates regarding your plans to enable cross-chain pair transactions. I believe the first pair is BTC/ETH, have your plans for the availability of this feature before November 2020 ends still on track?

Telegram Username
@AmirJosh
Jacob
Guest
Jacob

There are 2 main ways to mint YEX, the reward percentage and the rebase system. Which one of these will bring more returns/profit?

Telegram Username
@AmirJosh
Shihaz
Guest
Shihaz

Can you tell us the motivation and benefits for investors to hold Your Project token in a long term investment and What plans do you have to help drive demand and scarcity for the token?‌

Telegram Username
@Soul_viper
Shihaz
Guest
Shihaz

Are you planning to promote your project in different countries, where even English is not good? Do you have a local community for them to better understand your project?

Telegram Username
@Arjun_KL49
Shihaz
Guest
Shihaz

How safe and secure users assets are in Yolex platform from hackers?

Telegram Username
@Soul_viper
Shihaz
Guest
Shihaz

Q: In terms of becoming a successful project or company, what is the biggest challenge you currently face?

Telegram Username
@Soul_viper
Shihaz
Guest
Shihaz

For a project development first of all main priority is having enough fund. Does Yolex team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how project generate the profit?

Telegram Username
@Soul_viper
Doctor Crypto Mangunkusumo
Guest
Doctor Crypto Mangunkusumo

The Yolex platform really pleases users with an attractive reward system, but can you share how the Yolex platform generates profits to maintain the platform?

Telegram Username
@kripto_mangunkusumo
Kath
Guest
Kath

I read that you are currently working to integrate time base limit orders on the Yolex platform. How will this feature work and when will it be integrated?

Telegram Username
@KathDM
Kath
Guest
Kath

You mentioned that you are open to partnerships and investment opportunities. What factors do you take into consideration before making a partnership with another project?

Telegram Username
@KathDM
Emilia
Guest
Emilia

How many ERC20 tokens does Yolex currently support? What are the steps to add new ERC20 tokens? How do you avoid scam tokens?

Telegram Username
@Emidm37
Вячеслав | Satoshi Club|Bilanx chain|FACT
Member

Will the use of the YEX token be other than receiving rewards for staking and trading operations? I am afraid that if I buy now at the current price, I will lose, as people receiving the reward will sell, thereby the price will drop sharply. Do you have a price protection mechanism?

Telegram Username
@Brainchest
Putu Widiarta
Guest
Putu Widiarta

a few days ago we both heard a news headline entitled ‘hacking’, how do Yolex think about it ?? well, the most important thing is how Yolex prevents and protects assets from similar incidents.

Telegram Username
@sentung5
Putu Widiarta
Guest
Putu Widiarta

What problems is Yolex trying to solve to make it easier for Crypto users? Please let us know how evolving the roadmap is right now. What will happen this year and in the future?

Telegram Username
@sentung5
Вячеслав | Satoshi Club|Bilanx chain|FACT
Member

You say that you do not require KYC and this good attracting users by this, but you have terms of use that are not mentioned when making a swap or another use of the platform. Why did you not embed a checkbox with a reminder of the conditions without clicking on which, it is not possible to conduct a transaction. This is a special move so as not to scare away users, but on the other hand, you create the possibility of a problem for a person. Do you think this is fair?

Telegram Username
@Brainchest
Damiya
Guest
Damiya

Do you have any new partneship recently? And what advantage of this partnership to the project?

Telegram Username
@Masterdill
Damiya
Guest
Damiya

What your long-term vision of the industry #Yolex team works in? Are you afraid that so meday another project with better and more innovative technology will replace #Yolex project ?

Telegram Username
@Masterdill
Cengizhan Tekin
Guest
Cengizhan Tekin

I have read about “Time-Based Limited Orders” on which the expire that of the order will be set. What about the initiate date of an order? Think this way, when the order is not performed until the expiry date, it will be cancelled by your system, and I want another order to be initiated automatically right after, kind of a future order, will it be possible?

Telegram Username
@cengizhantekin
Cengizhan Tekin
Guest
Cengizhan Tekin

You will support ERC20-Non ERC20 trade pairs. Will I need to connect a wallet that supports both type of tokens or maybe even 2 different wallets? Or will Yolex system act as an interface / bridge?

Telegram Username
@cengizhantekin
Cengizhan Tekin
Guest
Cengizhan Tekin

If an halving occurs, percentage reward for rebasing and trading on Yolex platform will also be halved. Is this a requirement or a balancing process of the higher rewards distributed until then?

Telegram Username
@cengizhantekin
Constantino Canete Jr
Guest
Constantino Canete Jr

Investors seem to only care about the price of the token instead of the real value of the project, how does your Yolex.io attract newcomers and keep members long-term with the project?

Telegram Username
@POSITIV8TY
Apocan
Guest
Apocan

Your initial supply is 100 YEX. Isn’t it too low, will it be an expensive token?

Telegram Username
@apocan99
Constantino Canete Jr
Guest
Constantino Canete Jr

Partners, community and team are equally important factors for the development and success of a project. Yolex.io, please share your strengths about the partner, community and team so that everyone can better understand the project?

Telegram Username
@POSITIV8TY
Apocan
Guest
Apocan

If I don’t unstake my assets after the due date, I will continue to earn rewards which is great. But does the system renew the staking contract based on the current staking choice or does it continue daily? For example if staking period is 7 days and it wasnt unstaked at the end of the period, will I need to wait for another 7 days or can I unstake whenever I want? (Considering the reward percent change based on staking period also)

Telegram Username
@apocan99
Apocan
Guest
Apocan

I can not change staking package after I stake but I can increase my staking amount. How are the rewards calculated on an increment? Based on the last amount reached or is it done part by part depending on the change times of amount?

Telegram Username
@apocan99
Constantino Canete Jr
Guest
Constantino Canete Jr

The DeFi space is very young and is changing rapidly. My question is, how flexible is Yolex.io design and tools to adapt to changes in the DeFi crypto space?

Telegram Username
@POSITIV8TY
Jonah Apagu
Guest
Jonah Apagu

I see that with Yolex.io, users get rewarded whenever they trade their tokens and also gain daily rebases just for staking… Can you explain more about the daily rebases that occur how is this done, on what conditions do they occur and how is this beneficial to Users

Telegram Username
@Jonahapagu
@Sharmaine
Guest
@Sharmaine

In your websites, it stated that Users are rewarded with YEX token every time they swap tokens and also receives a fixed amount of daily rebases.
What is the minimum or maximum number of token should I swap to obtain the reward which is YEX token?

Telegram Username
@ShaLiPon
@Sharmaine
Guest
@Sharmaine

What is your outlook on inflation of Yolex.io and do you think there is a possibility risk of deflation?

Telegram Username
@ShaLiPon
@Sharmaine
Guest
@Sharmaine

 What is the greatest risk of Yolex.io have ever taken? How risky it is?

Telegram Username
@ShaLiPon
Jonah Apagu
Guest
Jonah Apagu

You are currently working on integrating and enabling cross-chain pair to pair transactions to upgrade the DEX experience to simulate CEX interoperability..What progress have you made in this regard and what features of CEX should we be expecting when the integration is completed..do you have a date for the release

Telegram Username
@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

One of the ways to mint YEX is a reward percentage received every time a user trades on the Yolex.io platform… Does this mean that YEX will have an infinite supply and at what percentage is YEX minted when a user trades an ERC-20 token on Yolex

Telegram Username
@Jonahapagu

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