Dino Exchange x Satoshi Club AMA Recap from 24th of April

Dino Exchange x Satoshi Club AMA Recap from 24th of April

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Dino Exchange, 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.  The AMA took place on April 24 and our guest was Cebastian, CEO of the project.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.


PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello again, Satoshi Club! Hello and welcome to Satoshi Club, Cebastitan – @dinoceb!

Cebastian: Hello guys! My honor to be here today.

Mary | Satoshi Club: Welcome here, How is your dino day?

Cebastian: been really good these days.

Mary | Satoshi Club: Introduce youreself. How did you get to be involved in crypto & Dino Exchange?

Cebastian: Hi again everyone. It’s Cebastian, CEO of Dino.exchange. I have been in crypto for more than five years. We are a fully remote team coming from different countries. The majority of the team are based in Dubai.

We’ve worked on Ethereum before jumping to Binance Smart Chain, we see our product that can be a great fit Lego that completes BSC DeFi Picture.

Mary | Satoshi Club: So, i see that you prefer BSC, do you fully deny ETH now?

Cebastian: No of course. No one can deny ETH. Its L2 is also promising.

Gold Rocket | Satoshi Club: Was your decision to switch related to fees?

Cebastian: yes, and speed also.

Gold Rocket | Satoshi Club: Please tell us about your team.

Mary | Satoshi Club: Yes, it will be interesting to know more about it.

Cebastian: yea so we’re an experienced team of 30+ full-time/part-time blockchain developers who come from different parts of the world, with one purpose, offer the best DeFi product to the market of BSC.

Gold Rocket | Satoshi Club: How long does it take to develop Dino Exchange? What plans do you have for the future? And what can we expect from Dino Exchange?

Cebastian: We have lots of plans in the future. First let have a look at our roadmap and overview.

Q1 from Telegram user @mctrho

 I find the fact that the theme of the project refers to dinosaurs is striking and interesting. As other exchanges adopt the theme of unicorns, pancakes, etc, you decided to adopt the theme of dinosaurs, why? I would like to know the story that made you make this decision.

Cebastian: It’s simple :). Dinosaurs are big and powerful. We aim to be a Giant Dino in a new age of DeFi on Binance Smart Chain.

Gold Rocket | Satoshi Club: great goal! and what аlready done and what remains to be done for this?

Cebastian: We have completed our AMM DEX, you can now buy $DINO at swap.dino.exchange  .  We’ve just launched so the price is very tasty. $DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D, is also coming in a week. Lots of pump hooks incoming!

Mary | Satoshi Club: Wow! That’s cool! So, we don’t need to go to Pancakeswap.

Gold Rocket | Satoshi Club: You’ve taken great strides! And there is still a lot of work ahead! Don’t forget to share with Satoshi Club!

Mary | Satoshi Club: What about audit? Is it 100% safe to use http://swap.dino.exchange?

swap.dino.exchange (https://swap.dino.exchange/) Swap | Dino Exchange

The Dino protocol realigns incentives for network participants by introducing revenue sharing and forum-driven network efforts to the popular AMM model.

Cebastian: Yes. Security is important to us. We are in the process of submitting audit with a trusted firm. More information about this will be updated soon. You can follow us @dinoexchange for updates!

Q2 from Telegram user @testercoin

First of all congratulations that you have done a whitelist lottery and completed an IDO on this Monday, 5 days ago. What’s the fund has been raised on IDO and how long did it take to sell all tokens? Can you share the details about your public sale and any upcoming ICO sales maybe?

Cebastian: oh I’d like to public the number right now but I’m forbidden to.

Because that’s exactly what we’re going to share with DINO community in a couple of days. The number is surprising, truly.

Mary | Satoshi Club: Is it more or less than you expected?

Cebastian: much greater than we expected. We really appreciate the love and interest that the community gave us. Must. Try. Harder.

Gold Rocket | Satoshi Club: Thanks a lot for the answers! Do you want to proceed to the next question?

Cebastian: sure 🙂 there’re lots of info I’d like to share next.

Q3 from Telegram user @RosemaryBianco

 I think a key thing that users look at before using an exchange is to see the transaction and trading fees it has. So, can you tell me about the exchange and transaction fees within Dino Exchange, and are there ways to reduce them?

Cebastian: We have developed our own tech that can make the fee even lower and the speed even faster when people do the trades in our AMM DEX swap.dino.exchange . Our goal is to lower the fee as much as possible so our traders can enjoy trading cryptocurrencies fee-less.

Mary | Satoshi Club: Which fee do you have now?

Cebastian: we have transaction fee at the moment.

Mary | Satoshi Club: So, Dino doesn’t take any fee currently?

Cebastian: we do, a small proportion. And trying to lower and lower the amount.

Q4 from Telegram user @BeaEvolet

DinoExchange is characterized as an AMM for these platforms 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. Taking this into account, what strategies will you use to attract enough liquidity and thus counteract the slippage of orders? and how will you encourage users to provide liquidity? What benefits will you offer to those who provide liquidity?

Cebastian: We will add initial liquidity to the platform. We will also launch farming very soon when traders can contribute their liquidity in exchange of interest in form of LP tokens. Furthermore, lots of partnerships have lined up so we can provide exclusive liquidity farming pools with very tasty APR.

Mary | Satoshi Club: Do you have approximate dates?

Cebastian: We’ll be launching Farming at the end of next week 🙂 near that time we will announce an exact timeframe.

Gold Rocket | Satoshi Club: What APR have you planned?

Cebastian: I’m not allowed to announce it yet. It’s so attractive that can attract the most grumpy farmers.

Q5 from Telegram user @Antoni_azx

 You have a section for gaming that are mainly focused on lottery and provably fair games, can you tell us the ways to take profits from these games? How can the users whithdraw their tokens and trade them for other cryptos?

Cebastian: The detailed gameplay will be announced near the feature’s launch date. Traders can take huge profits when they won a lottery ticket or a match in one of our games. Users can withdraw at anytime and use $DINO to swap with BUSD, BNB or other popular cryptos.

Gold Rocket | Satoshi Club: How it works? do you have any demo? or something similar?

Cebastian: not yet. They are still in our final development phase. We can’t wait to tease it for you. Our developers are playing them everyday at the office lol.

Q6 from Telegram user @victorogb

 One of the many impressive features of Dino Exchange is it’s Cross-Chain Swap which enables users to swap their crytocurrency assets across popular blockchains without the need of switching between platform. What popular chains does Dino Exchange currently accommodate with this feature, is there a limit to the amount of crypto currencies swapped across chains and is there a minimum fee charged by the exchange to render this service?

Cebastian: We are targeting Ethereum, Polkadot and Solana. More chains will be available. We do charge a small fee for cross-chain swaps. But it’s still much much cheaper than ETH gas fee today.

Mary | Satoshi Club: Which terms do you have for cross chain implementation?

Cebastian: we haven’t made a final decision for the terms yet. I think I can share more information about this in the near future.


PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram User @imtoandang

Many projects rug pulled and exit scam recently. Why should investors trust Dino.exchange not to do the same?

Cebastian: We follow a proven and established convention for token locking. All tokens under a vesting schedule will be stored in timelock contracts. This brings the utmost level of financial security for the project.

We are also working with giants in smart contract auditing, their results will ensure our security. We will also soon announce our strategic partnerships. No big names want to partner with rugpull project, don’t they?

Q2 from Telegram User @atillayeni

You have really so much properties on your roadmap. Do you think you can build them all within your time schedule?

Cebastian: That is more than just a roadmap. It is a list of major milestones that DinoExchange wants to achieve. We are working to create a solid and transparent financial foundation, with strong calculated financial principles and tools that bring outstanding value to our users.

Q3 from Telegram User @adaatalay

How will you protect the token value? Will there be repurchase or burning?

Cebastian: Yes we do, burning and buy back mechanism are in development phase and will be released soon. Burning will boost the scarcity of $DINO tokens and increase it value.

Q4 from Telegram User @sofiaisla

Many of the projects decided to implement NFT and it is one of the ways to attract users. What are Dino Exchange’s plans to include NFT in your project? Will you implement them?

Cebastian: we know NFT is also a trend recently. That’s why we are also developing NFT-integrated protocol to Dino.exchange. We’ll will soon announce more news about this in our channels. Make sure to tune in for more updates at @dinoexchange.

Twitter.com/dinoexchange. By the way, don’t miss your chance to participate in our public sale at swap.dino.exchange

Q5 from Telegram User @ultimate373

What kind of incentives does DINO Protocol have for network participants?

Cebastian: 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 use 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.

Q6 from Telegram User @ronaldo_super

I missed your presale and very sad about this. What do you suggest me to do now? Which way will be most profitable way to get DINO token?

Cebastian: You can now buy $DINO at swap.dino.exchange. The price is still so good to go as there’re farming and lots of updates coming up.

$DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D.

Q7 from Telegram User @Giniwhite

I have seen many amas about Dino Exchange, can you tell us about the highlights of DINO’s technology and products? How revenue does DINO generate to sustain the project in long terms?

Cebastian: Farming and staking are becoming increasingly popular in the DeFi ecosystem. While all projects provide the same basic yield mechanisms, the increasing value actually depends on the ecosystem as a whole.The Dino protocol aims to provide not only idle farming but also real use cases: DeFi products which users can actively participate in (e.g., provably-fair games) and DeFi-enabled ones (e.g., wallet and Dapp browser). Use cases are king.

Besides, APR and exclusive pools will be our competitive advantages. Our tech will ensure the highest APR possible so farmers can enjoy tasty passive income

Q8 from Telegram User @budykarebet

What is Dino Exchange strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?

Cebastian: Besides lower fee and faster speed AMM DEX and high APR Farming with exclusive pools, our advantages come with our other features that most of of our competitors do not have, they are:

Dex Aggregator: An algorithm that aggregates different liquidity protocols to discover the most efficient swap for your buy/sell order to maximize the tokens received.

Analytics: A statistical automatic analysis system that assists users in capturing market information.

Portfolio Tracker: All in one – an asset management portal for decentralized finance (Defi) on BSC. 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.

Games: 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.

Binary Option Trading: The first decentralized binary option, in which the platform plays a neutral role. A portion of trading fee will be used to burn and buyback tokens.

Limit Order: Offering the Limit Order functionality for all the DinoExchange users on the platform. It will allow users to fully control their order by buying and selling at a specified price.

Margin Trading: Leveraged and margin trading, also on top of the decentralized order book exchange.

Mobile DApp: Fully functional and responsive mobile DApp for both Android and iOS to ensure 24/7 access to the DinoExchange ecosystem.

Payment Gateway: Integrating the DINO token into payment gateways on iOS and Android for users to make rapid and convenient purchases

Cross-Chain Swap: Cross-chain swap on DinoExchange DEX allows users to swap their cryptocurrencies across popular blockchains, without having to switch between platforms.

Q9 from Telegram User @Kushal85127939

Could you please give us an overview of Tokenomics of native token? Please mention some key areas which investors should consider while choosing Dino exch?

Cebastian: The tokenomics of DINO can be broken down as follows

Ticker: DINO

Chain: Binance Smart Chain

Contract address: 0xf317932ee2C30fa5d0E14416775977801734812D

Total Supply: 200,000,000 DINO

Emission Rate: 6 DINO / block

Block Reward: Current block reward is 6 DINO

The initial emission rate is 6 DINO per block. And the emission rate will be reduced by 3% every 864,000 blocks (~30 days).

Unlike other yield farms where developers manually reduce emission rates according to their own wishes, our emission rate reduction logic is coded in the smart contract. It will be executed once update Emission Rate is called every 30 days.

This mechanism will greatly reduce the total supply and make our token rarer and help make DINO more valuable to hold.

Q10 from Telegram User @Prof_Rz

Is Dino Exchange easy to use? How can Users with no knowledge about Yield farming/crypto or trading get earns from this project? Do You have a informative material so they can understand You business model?  do you plan to pass your product onto the normal – especially non-crypto people?

Cebastian: We designed the platform to be easily accessible by all kinds of traders, from novice to professional. Everyone can make profit with @dinoexchange.


PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Dino Exchange. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Dino.exchange Community: https://t.me/dinoexchange

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