Preselected questions about the 3xt exchange project.

D| Satoshi Club:

let’s go!

Q1 from Telegram user @ThinhLe1219

3x.exchange is the first complete decentralized leveraged tokens exchange. So your project is very new in the eyes of investors. Therefore, the community plays a very critical role to promote and make your project develop further. So how do you plan to build your community in 2021? What are special incentives for your community as well as an investor?

Sam ( 3X.Exchange ):

So yes it’s true that we are very new in the market and it’s also true that community plays a very critical role in the success of any project and keeping that in mind we have taken certain measures ( such as airdrop ) to reward community members and early believers so that we can build a vibrant community around them. And we will keep doing this kind of stuff so that we can keep growing organically at the same pace

Mary | Satoshi Club:

How is it possible to get airdrop?

Sam ( 3X.Exchange ):

So we have 3 planned airdrops in the next 3 months ( Jan, Feb, and Mar ) to reward early believers and investors and anyone holding 3XT tokens will be eligible for the airdrop.

Mary | Satoshi Club:

Wow, it’s attractive 😉

D| Satoshi Club:

Yes, very cool 👍

Mary | Satoshi Club:

What other activity you will have?😀

D| Satoshi Club:

Maybe a meme contest? 😄

Sam ( 3X.Exchange ):

We are planing certain activities such as Meme contest, NFT giveaways, etc

D| Satoshi Club:

Nice😀 Thank you for your answer!

let’s go to the next question?

Sam ( 3X.Exchange ):

Sure

D| Satoshi Club:

Q2 from Telegram user @Brainchest

The total number of tokens is 1000 and there is information that 576 were burned. For which it was necessary to issue 1000 tokens, which would then burn most of them. Why you create and then burn? Is it smart financial action or what?

Sam ( 3X.Exchange ):

Yeah so wanted to keep 3XT a highly disinflationary asset that keeps reducing and therefore we planned to burn 500 3XT ( 50% ) of the total supply to create a “Black Hole” that can keep eating more tokens every day.

D| Satoshi Club:

And how many tokens are you planning to burn?

Sam ( 3X.Exchange ):

So every token transfer attracts 1% transaction fees and it is equally distributed amongst token holders and since 50%+ tokens are with Burn address it keeps reducing the token supply

Mary | Satoshi Club:

Explain to us more about Black Hole?

Sam ( 3X.Exchange ):

Answered above

Mary | Satoshi Club:

Yes, I see😀 doesn’t this mean that one day all tokens will be burnt?

Sam ( 3X.Exchange ):

Only if people will keep transferring and those who will hold get rewarded.

Mary | Satoshi Club:

I see😉 thank you for your answers! Ready to proceed?

Sam ( 3X.Exchange ):

Yes.

D| Satoshi Club:

Q3 from Telegram user @Highpee

3x exchange is going to charge 1% on all trading fees. In one of your interviews, you said 50% of this token fee will be distributed among $3XT holders to serve as a yield reward while the remaining 50% of the fees will go to the company. However, from your medium, it is published that the remaining 50% of transaction fees will be burnt and sent to a “black hole” in order to ensure the relevance and integrity of $3XT. If the latter is true, how then will the project be sustained profitably in order to avoid liquidation? What is your project revenue structure and how will the project team be rewarded?

Mary | Satoshi Club:

Partially covered 😀

Sam ( 3X.Exchange ):

So it seems we have some confusion here, 1% fees are charged when you transfer 3XT tokens and it is equally distributed amongst token holders including 50%+ going to burn address since it’s holding more than 50% tokens. The platform will have trading fees and 50% of the collected trading fees shall be distributed between 3XT holders in ETH and the remaining 50% will be reserved for liquidity providers and project development.

D| Satoshi Club:

Ok, makes sense now

Sam ( 3X.Exchange ):

Great

Mary | Satoshi Club:

When you tell 50% from 1% will go to token holders does this mean that they will have daily income from this 1%? How often you will distribute these rewards?

Sam ( 3X.Exchange ):

It’s frictionless and distributed in real-time as transfers occur

Mary | Satoshi Club:

Will all holders be eligible?

Sam ( 3X.Exchange ):

No team vesting wallet is excluded from rewards

Mary | Satoshi Club:

Because, theoretically, if I will hold, for example, 0.0003 3XT I can also be eligible to get some piece of this cake. But it will be so small, that the gas transaction fee will be much bigger.

Sam ( 3X.Exchange ):

Yes, you will be eligible and you don’t have to spend any gas to claim it. It’s credited in real-time into every wallet.

Mary | Satoshi Club:

Wow😀 is this already working?

Sam ( 3X.Exchange ):

Yes, a total of 25 3XT has already been charged as fees and distributed amongst token holders. So if you calculate at the current price $50,000 has been rewarded within 7 days period.

D| Satoshi Club:

Then what about a wallet on the exchange? if someone holding your tokens on the CEX exchange. how they can claim their tokens?

Sam ( 3X.Exchange ):

Honestly, it’s up to the exchange but if they won’t agree to distribute they would lose business

D| Satoshi Club:

Understood.

Sam ( 3X.Exchange ):

We always have an option to exclude wallet address but we won’t do it until the community votes on such proposals

D| Satoshi Club:

Thank you for the explanation! ready for the next question?

Mary | Satoshi Club:

Are we ready to jump to the next question?

Sam ( 3X.Exchange ):

Yes, please.

D| Satoshi Club:

Q4 from Telegram user @chiefiel

Since the 3xT token will be used as a governance token in the future, what can the token holders vote on? Will they be allowed to vote on transaction fees, trading fees and also vote on new features on the exchange, or are these set in stone?

Sam ( 3X.Exchange ):

Yes so we don’t have any immediate plans to introduce governance as first we want to get the product right and once its perfect we can move to governance and the community will be able to vote on every proposal.

Mary | Satoshi Club:

So, anything decided yet?

Or you have something that you can tell 100% will be implemented?

Sam ( 3X.Exchange ):

It’s too early to introduce governance until our product is right so nothing atm

Mary | Satoshi Club:

Gotcha 👍Let’s proceed then?

Sam ( 3X.Exchange ):

Sure

D| Satoshi Club:

Question number five!

Q5 from Telegram user @Gutike95

Is the 3XT leveraged exchange platform fully developed and complete? Will, it does not require future updates or important events that users should know through a Road Map? really why not have it on your website?

Sam ( 3X.Exchange ):

So 3x exchange is in the final phase of development and a public testnet is expected before the end of Jan. The reason we don’t have our roadmap and other important information on the website as the website will be fully converted into a Dapp most probably in the next few weeks and we want to keep medium as our go-to source for the all-important information.

Mary | Satoshi Club:

Will, it is safe? Audit?

Sam ( 3X.Exchange ):

Yes, we are planning to get it audited by Certik once all the development work is finished.

D| Satoshi Club:

Wow. you choose the best.

Mary | Satoshi Club:

Sure, let’s wait then😀

D| Satoshi Club:

Ready for the last question?

Sam ( 3X.Exchange ):

Yes.

D| Satoshi Club:

Q6 from Telegram user @KathDM

The 3X exchange motto says “THE FIRST COMPLETE Decentralized Leveraged Tokens Exchange”, since it says that it is the first complete, why do you consider that the others are incomplete? What are they lacking that 3X exchange does have?

Sam ( 3X.Exchange ):

So the reason we say “First complete decentralized leveraged tokens exchange” is because we want to become Uniswap for leveraged tokens and in days to come you will be able to trade all the ERC20 leveraged tokens currently being traded across many CEX such as FTX.

Mary | Satoshi Club:

So, you mean all erc20 tokens? Or what? Who will choose tokens which will be listed on 3X.Exchange?

Sam ( 3X.Exchange ):

Yes so apart from leveraged tokens created on our platform users can also swap ERC20 leveraged tokens currently being traded on CEX

D| Satoshi Club:

Very nice! thank you! ready to start the second part? we also have 10 questions there 😉

Sam ( 3X.Exchange ):

Yes sure.

Mary | Satoshi Club:

Let’s go 🚀