AMA Recap with Hyperdex
On the 18th of June, 2022 at 15:00 UTC, Decentralized Club had the honor of hosting OD, CMO from Hyperdex Finance for an Ask-Me-Anything session on their Telegram page with a community of over 100,000 people. It was hosted by DC Host, Ella.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what Hyperdex is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 — Introduction
Hi Everyone! Hope you guys doing well😉
Today I am hosting an AMA session with the Decentralized Club.
My name is Ella and I will be hosting HYPERDEX in this session.🤩
Let’s welcome our guest @ODPT9
Hello everyone 👋
HI OD! welcome to the Decentralized club!
Nice to be here!🥳
It’s our pleasure to have you !
Great! How’s your day been going so far?
It’s good to be back 🙂
Can you introduce yourself to the Community ?
Yes I would love to!
sure go ahead please!🎉
I’m OD from Hyperdex 👋 I am CMO and manage primarily the marketing side of things
How’s your day been going so far?
So far so good — it’s been a busy one (I was traveling today) but nothing like ending a long day off with an AMA here 🙏🚀
Let me give you a quick overview of the session before we get started.
AMA is divided into three segments:
Segment 1️⃣: Introduction with Project team
Segment 2️⃣: 5 best Question from Twitter Gets Answered
Segment 3️⃣: DC group Chat will open for 1 minutes, Users ask their questions in Live session. Best 5 Telegram questions gets answered.
Kindly type”✅” after you are done answering!
without wasting a min! Let’s get started with the first segment😌
Very interested to know about the project🙈
Q1. Can you give us a quick overview of Hyperdex and what motivated you to start this project?
Yes I would love to!
Hyperdex, simply put, is an asset management platform built for all types of investors and traders — from beginners to experts.
Via our platform we offer simplified investment types called ‘cubes’.
Cubes simplify the entire investment process down to just a few steps:
1.pick a cube and deposit
Hyperdex is founded by a team that includes well over a decade of experience in Traditional Finance as well as Forex trading. Before Hyperdex, much of the team was involved in crypto mining using green energy in Canada, and from there gained a lot of experience with solidity and smart contracts.
Q2. What are the different types of trading system in Hyperdex?
So far we offer 3 different types of investment strategies that include:
🔒FIXED INCOME: earn a fixed return over a specific time period
📈ALGO TRADING: earn a variable return over a specific time period based on statistical arbitrage algos
🏎RACE TRADING: a simplified version of a futures contract that enables users to go long or short on an asset
These are live right now and available for anyone to invest in!
Q3.What makes Hyperdex different from others?
A lot actually! Where do I even start…🤔
This project is getting interesting after every question🙊
want to knowwww😉
Hyperdex is different in a lot of ways compared to others.
(1)Firstly, our Algo trading cubes are powered by proprietary statistical arbitrage trading algorithms.
(2)Secondly, our Modular Cube will enable any and everyone to deploy an investment strategy and earn from it — all without prior coding experience.
(3)Third, our HYP token features a unique minting mechanism, where new tokens are only minted on certain conditions (each of which require the prior purchasing of HYP therefore increasing demand and price)
These are just a few examples, with Hyperdex being unique in many other ways🙌
Nice, very well explained🤝
Q4. what are the ways to acquire HYP token ? What are the advantages?
This is where things get interesting 👀
yess! the most important thing how we can acquire HYP
HYP is the ecosystem’s native token. HYP can primarily be used to upgrade investment cubes in order to increase overall returns.
HYP is unique compared to other tokens. Instead of continuously minting new tokens each block to satisfy unsustainable APYs, HYP is only minted upon 4 conditions:
1.A HyperCube earns a reward
2.A HYP Fixed Income Cube earns a reward
3.Depositing LP tokens into the farm
4.Referring new users via the referral program
Each and every one of these conditions requires the user to have purchased HYP BEFORE. This ensures a prior increase in demand and therefore the price.
Finally, HYP rewards are quoted in USD and distributed in HYP. This means that as the price of HYP rises, the less HYP tokens are needed to satisfy rewards.
For example: a $100 reward at a HYP price of $1 would = a 100 HYP token reward. At a HYP price of $2, a 50 HYP token reward would be due
Besides this, HYP may be acquired by swapping via a DEX or alternatively purchased from our pre sale
Q5.Can you tell us about Hyperdex forthcoming events and accomplishments it has made thus far?
Hyperdex has come a long way in a short amount of time!
First and foremost 3 of our investment cubes (fixed income, algo trading, race trading) have been successfully audited by CertiK and are now live on the platform with a growing AUM
In fact, our AUM is steadily approaching $1,000,000 with a few payouts already successfully complete!
Some exciting features ahead include:
🔹Modular Cube: create and deploy your own investment strategy for others to invest in (no coding experience needed!)
🔹P2P Loan: users will be able to borrow and lend crypto assets amongst each other while setting the terms themselves
🔹HYP token: upgrade normal investment cubes to HyperCubes and earn a higher overall return on the original cube
🔹Governance NFTs: vote on improvement proposals / other changes to the hyperdex ecosystem using our Tesseract (governance) token
Hyperdex has friendly features! good to know about them🤩
This is true 🥳
With this we have came to an end of first segment!
Segment 2 — Twitter Questions
Q1. Do you have AUDIT certificates? Or Are you also working to AUDIT your project, to make it more secure, trustworthy and reliable? @AhamedRosni
Ah yes, definitely an important question for any crypto project looking to survive long term
The answer is…
YES! We are indeed audited by certik 🥳
To read more about the audit visit: https://www.certik.com/projects/hyperdex
Decentralized Community, do check this😍
Q2. The HyperDex platform simplifies complex investment types and offers them to investors in the form of cubes. What are HyperCubes and how can users increase the overall performance of their cubes? @Alicewonder1202
Always verify and do your due diligence when considering investing or using any protocol !!
Ooo HyperCubes are one of my favourite 🤩
HyperCubes are simply upgraded versions of normal investment cubes — plain and simple
When upgraded, a user’s overall returns are increased for the specific cube that is turned into a HyperCube
To create a HyperCube, users must deposit HYP tokens alongside their original cube investment🟪
Can I send an image outlining this?🥺
yeah yeah sure
This is amazing🤩
Q3. According with I’ve read Hyperdex is a multichain ecosystem, but what are exactly the Chains that you are able to support?@ZamoraJoana
Multi chain = multi based 👀
Hyperdex plans to expand to other blockchains in order to offer our investment cubes to more users. More specifically, Ethereum Virtual Machine (EVM) chains such as AVAX, FTM, and of course ETH!
Looking forward to it😌
Q4. One thing I caught worth asking on HyperDex is the “Modular Cube” feature. Could you tell us more about this specific feature on your platform? In what aspect on your protocol will it be seen and how can users get involved with it?@0JeanWayne
This is truly a game changer (and I’m not just saying that😂)
Put simply: Modular Cubes enable anyone to create and deploy an investment strategy for others to invest in — all without programming experience (🤯)
This will enable creators to earn fees based on deposits + performance of their strategies
Modular Cubes, being built by others, will add far more investment types and therefore options for investors to choose from
These will be built using a type of drag-and-drop procedure with well over 200+ indicators / variables available
Of course, historical data for each strategy will be available in order to identify and rank the best strategies
Q5. Is your project only for elite investors, what about others with small funds, is it open to everyone?@tom_highlands
No, Hyperdex is built for everyone whether beginner or expert!
In fact the minimum investment is only $100, which lower the barriers significantly
That’s great! you guys are doing a amazing thing🤩
we have came to an end of segment 2
very detailed explanation about the project🎉
Ending segment 2 with great Information about the project!☺️
Of course to learn more visit our site and socials😄
Time to take up some questions for segment 3 from our live audience! Guyss be readyyy to shoot your questions😉
— -Chat was then opened for the live community to send in their questions — -
Segment 3 — Live Questions
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
AMA Rules for the community
🚨DC AMA Rules🚨
1️⃣ Post your best questions first. Community members are allowed a maximum of three(3) questions per session but do not repeat questions from the same account. People who break this rule will be disqualified even if the excess questions are deleted. WE ARE WATCHING 🙄
2️⃣ Post only original questions. Members with stolen questions from DC or other AMAs will be disqualified and banned.
3️⃣ There will be slow mode to prevent spamming.
4️⃣ Join the guest and host (DC) Telegram and Twitter pages to be eligible for rewards. Check pinned post during AMA for details.
5️⃣ Don’t tag the guest in your question or your question will be deleted.
6️⃣ Follow all the special instructions the host gives before the live session. Pay attention.
7️⃣ You can only win once in one segment no matter how many times your questions were picked.
8️⃣ Telegram username should be present in your Telegram Account, otherwise you will be considered as DISQUALIFIED.
9️⃣ Join Đecentralized Člub Discord: https://discord.gg/ac5G5hBz
Please join our courtroom for disputes and to report copied questions and cheaters with relevant proof.
🔔 THERE ARE NO REWARDS FOR DISQUALIFIED QUESTIONS. DON’T CHEAT AT ALL 🙂
🔔 KEEP TO THE RULES AND COLLECT REWARDS. NO REWARDS ESPECIALLY FOR COPY PASTE QUESTIONS.
THIS RULE APPLIES TO ALL AMA SEGMENTS, NOT ONLY LIVE SEGMENT, WHETHER IT WAS POSTED BEFORE THE LIVE SEGMENT DOESN’T COUNT AS AN EXCUSE.
TRY OTHER GROUPS IF YOU CAN’T COMPLY.
Dear community, as a measure to deter bots and reward hunters, please include the guest’s full name in your questions so the guest can tell original questions apart!
DO NOT TAG THE GUEST
The group will be unmuted shortly 😊
Will you please give a brief overview of the NFTs in HyperDex and their importance in the platform?
What characteristics define each type’s rarity? Is it possible to upgrade a basic NFT to a more advanced NFT?
Hyperdex will have two types of NFTs: Tetra and Edro (hint: they aren’t just useless JPEGs 👀)
Tetra NFTs are given to those who deposit the equivalent of $100,000 into certain Hyperdex investment cubes. This will entitle the holder to a portion of the feed generated from the cube!
Edro NFTs function similarly, but instead require a deposit of $10,000 into a specific modular cube strategy. With Edro NFTs, a portion of fees earned from the specific modular cube strategy is earned
Q2. Are you planning to burn tokens to increase token value and attract investors to invest? So, what are your future plans with Tokens? @Jonson_76
Ans: We do indeed have plans to allocate a certain % of fees earned in order to buyback HYP from the secondary market and burn it!
This should have a positive impact on price, and will help foster steady, long term growth in combination with other mechanisms
Q3.what is the background, of the your project, team do you think team’s qualifications, and experience, able to support the long-term development, of the project?Tell us something about this? @lodbdab
Ans:So some of our team has well over a decade of experience in TradFi, which includes banking and forex.
Their plans are to help bring these tradfi clients into crypto, effectively bridging TradFi and DeFi
As for other team members we have very dedicated, knowledgable, and smart people working behind the scenes to make this all possible!
Q4. What is the Best way to follow all your upcoming news and updates?? What are your plans in coming Future??@Rubaiya_Jannat_Ruhii
Ans: Best way to stay updated is via our Telegram chat https://t.me/HyperDexFinance as well as following us on Twitter
You can find everything here:
Q5.My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal — especially non-crypto people? @Mominul12340
Ans: So we already have numerous partners for marketing (e.g. MarketAcross — a leading crypto marketing PR firm) and we also plan to focus long term on things such as SEO, community engagement, and other organic tactics to help us grow long term (hint: if you rely solely on paid media it will drop as soon as the money stops flowing)
Considering the market today as it is, we are focusing on long term sustainability and growth
We are in it for the long run🙏
Dear Guest, Your answers were AMAZING!😍 we got the best 5 answers
it’s a wrap! 🥳
Thank you dear guest for your time 😊
Cheers🥂 to you and your team for their time and effort in making this project a success!
Thankyou for choosing Decentralized Club❤️
Thank you very much Ella — you’ve been a wonderful host!
Thank you everyone!🥳
For any other questions come join us in our Telegram and chat with me!🙌🚀