We just recently had our very first AMA with Head developer of Dexkit… The first of many!
Thank you so much to everyone who participated. Here is the transcript:

William Von John:

Hello Crypto Party Community! We are super excited to have you all here today for first ever AMA!

William Von John:

We will start in a minute… And we’ve asked our guest to hang around in the chat after the AMA, and we’ll open the chats in case anyone has some questions.

João Campos | dexkit.com:

Hi everyone

William Von John:

Hi, João! Thanks for making time for the AMA today. Looking forward to you answering community questions and telling us more about the project!

João Campos | dexkit.com:

My pleasure, thanks for the invite to present DexKit at your community

William Von John:

Excellent.

William Von John:

So, first off… Can you give us some information on Dexkit. What is the team setting out to achieve and how did your team come up with the idea?

João Campos | dexkit.com:

DexKit is a suite of 4 tools, being our super app the Dashboard, that allows people to manage the other 3 apps as whitelabels, such as NFT Marketplace, Exchange and Aggregator via an wordpress plugin. Besides that, the Dashboard supports right now BSC and ETH portfolio management, NFT wallet, trading, affiliate and coin analytics

João Campos | dexkit.com:

Our mission, is enable any trader or user to have their own exchange or marketplace and help them grow their community using our tools. And additionally, they will be able to use our Dashboard for more advanced analytics, we right now are in process of building our Kit Academy to help newbies learn about crypto and at same time learn how to use our tools

João Campos | dexkit.com:

The Aggregator and Exchange are app’s that scans across multiple protocols to offer the user the best price at final on BSC, ETH and Polygon

João Campos | dexkit.com:

The exchange allows users to place gas free limit orders, where the taker pays for the gas instead of the maker

João Campos | dexkit.com:

And to finish it, how we come up with the idea? Well we are been working on this space several years, and there is a need on crypto to easy deploy crypto apps and for newbies create and show their own NFT’s and tokens in a easy way

William Von John:

Wow. Excellent! Sounds like you guys are setting out to become a sort of “Jack of all trades” in crypto!

William Von John:

Is the current market situation affecting you guys as much as the rest of the crypto space, or does your way of doing things make you more resilient to market fluctuations?

João Campos | dexkit.com:

Right now all the market as a whole is down, and we also are being affected by it price-wise, but regarding progress and development we are still on track and everyday project is becoming more solid. Our aim is when all the tools and functionality released the project will be more strong as our clients need to hold KIT in order to use it.

And besides that we are always finding new ways to improve liquidity like launching farming pools

William Von John:

Okay, that’s great to hear. And I’m sure that calms a lot of investors. Can you tell us a bit about the KIT academy? Is there an ETA on it, and will it be for everyone? Will it have a subscription?

João Campos | dexkit.com:

KIT Academy is a strategy to help newbies trading in this new world that is crypto. We have great tools already for trading from simple swaps to gas-free limit orders, but sometimes the user doesn’t understand how blockchain works, how to use a wallet, why they need for instance ETH to trade, and this will be explained across a multitude of videos. And at the same time, we will reward users that finish the beginner courses with KIT, to help them retain on use and expand our community even more. Regarding ETA on it, the academy is almost set up, and we just fill it with content and then connect it to the Dashboard to rewards users that does swaps and limit orders

Subscription will be only for the more advanced courses, like for instance, how to do market making in decentralized markets

It all be based on Gamification

William Von John:

Great! Yeah, the more mainstream crypto becomes, the more noobies there will be, so this is awesome that you are looking out for those less knowledgeable.

What are the problems Dexkit strives to solve? What makes its solution unique and what is the core competitiveness of Dexkit?

João Campos | dexkit.com:

Regarding white labels for Aggregator, NFT Marketplace, and Exchange we think we are the unique ones out there. And at least to my knowledge we are the first portfolio management to include NFT’s wallet and integrated NFT’s trading. Our aim is for users to easy check their portfolio across multiple networks, and at the same time profit from these tools

Our Dashboard, for instance, supports multiple accounts without the need to connect a wallet, and at the same time doing analytics and check NFT’s.

Users can check it here demo.dashboard.dexkit.com it is still in demo phase and validation, but most of functionality already works

We are on track to launch the core of it by 1 of July

William Von John:

Great!. Glad to hear things are on track and moving along. For the part of the aggregator and exchange you mentioned that the user can place gas free orders and the taker is the one who pays, can you explain to us how does that work and will it have an impact on liquidity?

João Campos | dexkit.com:

We use ZRX protocol to do limit orders. How this protocol works? You basically place an offchain signature allowing the smartcontract to trade on your behalf at the set price, you only need to set an initial allowance onchain to enable it. But after that, all trades are gas less. Orders normally are filled by arb bots or traders using the aggregator. Liquidity it depends on current active orders, but our exchange uses liquidity from all sources to fill the order. So if the price is better at Uniswap, and there is a limit order at ZRX available, the arb bot will cross this order with Uniswap, so liquidity is as good as any liquidity source available at the moment

William Von John:

Excellent. Sounds like you have a lot going for you. Definitely sounds like a great all round package for anyone interested in crypto. What are your current and future marketing plans for all this?

João Campos | dexkit.com:

I am more focused on Development Side, we have a whole team working on Marketing and we hear our users/holders/traders, to know which are the tools that they need. We have a great partnership with one of the biggest youtubers on crypto, which is with us since the beginning of project, so when all ready, our plans is to bring awareness and expand our base of holders in sustainable way. That’s why we decided bring out the Academy, have farming pools to launch to improve liquidity, create a governance system to our holders voice their needs

Marketing we see as important as development so we always focusing in both departments

William Von John:

Very true. No project can move along without marketing, so good to know that you’ve got that sorted as well.

Okay, now for some community questions that were sent in via the form.

Firstly, regarding the exchange. They want to know; Is it possible to trade futures there, or will it be implemented in the future?

João Campos | dexkit.com:

Futures is still not possible to trade on our tools, but we definitely will look at this in future. We have plans for leverage trading

William Von John:

Okay, interesting. I’m sure people are happy to hear that.

Question 2: Will the users be able to place limit orders?

João Campos | dexkit.com:

Yes, on demo.dashboard.dexkit.com you can place limit orders or on the advanced exchange at exchange.dexkit.com

Both are only ETH network and ERC20 tokens for limit orders, but we plan to extend this functionality to BSC and Polygon

William Von John:

Okay. This next question is one of my favourites.

How do you plan to spread awareness about your project in different countries where English is not good? Do you plan to develop many different communities such as Vietnam, Indonesia, Korea, … about your project so that they can easily communicate and understand your project?

João Campos | dexkit.com:

First, our apps are building app with translation in mind, so depending on the size of the community we will translate the app for these target communities, we have several groups already in other languages on telegram for this

I don’t have the whole list right now regarding all the groups we set up, but I can share later here

William Von John:

That’s great, I’m sure a lot of non-English speakers will be happy to jump on those groups.

As the popularity of Defi seems to be slowly fading, the market is getting more and more bullish on NFTs. Can you share with us your opinion on NFTs as a player in the NFT market?

João Campos | dexkit.com:

NFT’s is still a tiny market to what I think will be in the future, at the moment mostly use cases are around ART, but there is a whole world of games (items), music, real estate, and a lot more places to be used. The NFT market will for sure pass the coin’s market, as the use cases are a lot more. Everything that has unique properties could be tokenized as NFT, so right now the only thing that is putting the NFT market on the hold is the high fees on the ETH network, which are being solved with Polygon adoption

So I think NFT’s markets will be more and more bullish, and we are preparing our dashboard to deal with this directly with NFT wizard and NFT wallet

Most dificulty part of NFT is how to create one, and how to trade one in a easy way

For DexKit this market is one of our priorities right now

William Von John:

I see. Okay, great. Last question from the form is as follows:

You have gasless limit orders for the ERC network, allowing retail players to get into DEX without being ruined by gas fees, when do you expect to be able to do this on all networks? And are you planning to incorporate Polygon and other ERC branches?

João Campos | dexkit.com:

We plan to do this in the future, the only thing why we still not using is because ZRX protocol still not implement limit orders on these networks, but that work is being done at the moment. So we expect it to be included in the upcoming months.

William Von John:

Okay. Excellent. That was highly informative, and I am sure everyone agrees. Thank you so much, João!

João Campos | dexkit.com:

Thank you so much William to invite DexKit for this AMA as your first. It’s an honour

William Von John:

it’s a pleasure and a privilege!😊

William Von John:

Now, if anyone here from the community has anymore questions, João will hang around in the chat for a little while.

William Von John:

The chat will be unmuted shortly!

Stephen:

Today there are many nft market places in different block chain… As an art and nft lover I’d like to know what makes Dexkit nft marketplace unique

João Campos | dexkit.com:

Yes, there are really good marketplaces like OpenSea and Rarible, we are not competing with them. We are building an easy and more simple marketplace and could be easily deployed on WordPress as a plugin, so you can easily share your art with your community and friends. One of the pain points that people told us, is scammers impersonating collections on these marketplaces, with ours as the user is the one to choose which one to show this will not be possible

We have share buttons to OpenSea for users that wanna go to a more advanced marketplace

This is our first version of the NFT marketplace on WordPress: https://github.com/DexKit/wordpress

Deni Permana Adi:

Trust is key, if a project has mastered people’s trust, they will enter it without hesitation. my question is can dexkit maintain its “gas less limit order” appeal for the long term? Or will there be an increase according to conditions?

Stephen:

True many collection are impersonated and people get scammed it’ll be great if fixed that

João Campos | dexkit.com:

[In reply to Deni Permana Adi]

The gas limit free orders is inherent how the protocol was built with offchain orders, so it will always be free for the maker

Deni Permana Adi:

for the bsc network, will it be released in the near future?

João Campos | dexkit.com:

Upcoming months, we still don’t have date yet, I can share here when ready

Deni Permana Adi:

thanks, the cheap gas fee at BSC is the main attraction, if speed in launching the BSC network is carried out, it might help the rapid development of transactions on Dexkit

M M:

As an artist wanting to look into NFT, im curious about how the NFT minting/publishing platform would be?

Great AMA btw! (:

João Campos | dexkit.com:

Minting is still on works, but you can already check our cards on demo.dashboard.dexkit.com

João Campos | dexkit.com:

Or the whitelabel demonstration: https://demo.nft.dexkit.com/ —> On this whitelabel only your cards as artist are showed to users

William Von John:

Is it easy for people to buy the token?

And also, any plans about listing on Binance in the future? Or you want to be a competitor to them?

João Campos | dexkit.com:

Yes, the most easy way is using swap.dexkit.com

Every project wants to be listed on Binance, but their requirements are really tought to list a project, so will be working to be eligible by them to list, is one of our main goals

Elias Hohl:

I think your chances are good actually… I remember CZ tweeted about you some months ago

William Von John:

Alright! I think that was it, Well. I think for sure everyone knows a lot more about the project than before this AMA. Thank you again, so much João, and thanks to the community for all your questions. Hope to see you all in the near future for our next AMAs!

João Campos | dexkit.com:

Thanks everyone!

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Categories: LOW CAP GEMS