DIFX AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap of our AMA with DIFX.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what DIFX is about, we are sure this recap is gonna help you. So without further ado,continue reading 😉
✔️Introduction with DIFX : 👉
BILLY:
Q1. Can you tell us about how experienced is the founding team of DIFX? @jeetukataria
Jeetu Kataria:
We understand that having a strong management team and a proven business strategy in place is fundamental to the success of our project. Our portfolio constructs us primarily driven by our focus on the industry as a whole, and this is why only the best brains in the industry have come together to achieve this landmark feat. Our team consists of impressive experts in the blockchain and cryptocurrency niche, professionals in the finance industry, and influential leaders with professional background in Fintech and Banking
BILLY:
Having a smart and experienced team developing the product only instills confidence further by its users !
Q2. Can you talk a bit about what innovations has DIFX brought to the table in regards to cryptocurrency trading? @jeetukataria
Jeetu Kataria:
We have seen single dimensional exchanges which have shown massive grown in user base and token price in last 3 to 4 years but there is no single platform that offers an “all-in-one” approach which includes buying, selling, trading, and management of investment portfolio, We are more focused on Multi Asset platform along with cross paring wherein we give option to user to trade on any traditional assets with Crypto currency along with our native exchange token.
BILLY:
So basically along with trading options you also have ‘fund managers’ ?
Also can we buy assets in stock markets using crypto?
Jeetu Kataria:
Yes we have our inhouse team of Research and technical analyst to provide right directions on markets.
we can trade in international stocks CFDs like Apple, tesla and microsoft with cryptos along with our native exchange token
BILLY:
That’s really exciting. DIFX is making the veil between crypto and traditional stocks even thinner !
Q3. Can you talk about the products and features of DIFX like Cross Asset Platform and Multi Currency Wallet? @jeetukataria
Jeetu Kataria:
Keeping User Experience our top priority our team is working on Customer friendly, 24/7 Helpdesk along with user friendly digital interface.
Our three main products are Spot Crypto Exchange along with launchpad wherein we are providing 360-degree services starting from tech to listing on DIFX Exchange for upcoming tokens, Multi currency wallet with insurance are through Fireblock which is one of the top custodians with more than $300 Billion assets under management and Cross Asset Trading wherein initially we will be going live cross paring between Cryptocurrencies, Commodities and Fiat expanding to Stocks and indices
BILLY:
Q4. What is DIFX planning to achieve further this year? @jeetukataria
Jeetu Kataria:
In coming 18 months we see are self as most secure and preferred cross asset platform with more than 2400 cross pairs between Cryptocurrency, Commodities, Forex, Stocks and Indices. Our main foucs this year will be community engagement for exchange and DIFX token
BILLY:
So I see that 2021 is fully packed. !
Lot of things to achieve and we believe DIFX will be able to fully realize It having such an experienced team behind it 🙌
Thanks for the wonderful introduction to DIFX .
🌍 Community ask question by Twitter 👨💻
BILLY:
Twitter Question 1: @lethitrinh16
What are DIFX token widgets in the DIFX ecosystem? What plans do you have to increase demand for DIFX tokens?How users can earn DIFX tokens?
Twitter Question 2: @BuiMmo
I want you to expand our knowledge of your coding codes. What role does it play in your platform? Token Burn and recent acquisitions are also trending. What are your thoughts and plans on this? (Deflation / Inflation Token)?
Twitter Question 3: @bimasuryatmaaj1
For the safety of investors will DIFX involve self-verification (KYC) to conduct trades and transactions? are there any fees incurred?
Jeetu Kataria:
1.) In last three years we have seen all the exchange tokens have shown pronominal growth from their launch price because of their utility, DIFX platform is a cross asset platform wherein token utility will not be only on crypto but on whole ecosystem and demand for the token will go on increasing, Users can earn DIFX tokens through staking platform which is a 2 years program with assured token rewards up to 24% APY.
2.) Our token is on ERC20 and it’s a Deflation Token with Burn mechanism wherein 20% of the exchange revenues will be used for buyback and burn.
3) For the safety of investors will DIFX involve self-verification (KYC) to conduct trades and transactions? are there any fees incurred?
Currently DIFX is handling KYC through in house team and once exchange goes live AML and transaction verification will be done through reputed 3rd party agency.
BILLY:
Wonderful!
🌍 Community ask question by Website 👨💻
BILLY:
Website question no 1.
From : @nazmudsadat
Finding investors has been difficult, keeping investors is even more difficult, so what strategy does You have enough to make investors trust and go a long way with DIFX?
Website question no 2.
From : @agathabri
could you give us an overview on the tokenomics of DIFX token, what are its what model is it, how is it incentivized and how does mining program work? does it include anya scarce path like burns, buybacks, storage to help promote token price?
Website question no 3.
From : @dkajhd1
When will DIFX be officially launched? How will you guide user usage and growth?
Jeetu Kataria:
1) Our peers have shown phenomenal growth in user base and token value looking at it problems of users on current platform, Our main focus is on security and user experience and all the wallets will be insured from the day anyone invests in our IEO followed on fully operational exchange.
2) 75% of the tokens our on sale and promotions and 25% is marked for Development and Team tokens will be locked for 2 years and released every quarter for development of the platform, tokens are pre mined deflation tokens wherein 20% of the revenues of the exchange every year goes for buyback and burn.
3) We are planning to go live on testnet in last week of March 2021 with Public beta live in April and all product live by June 2021, we have inhouse technical and research team for guide users on the platform and market imputes.
BILLY:
As usual. To the point and detailed answers. Thanks!
✍️ Telegram live Questions answered by DIFX ✔
Lastri Septiani:
Security & User Interface are the Most Important Aspect that Users see on a platform. How has DIFX worked on this? Is Platform suitable for Newbies in the crypto field?
Jeetu Kataria:
Our main focus is security and user interface and all our wallets are insured and platfrom security is handled by industry veteran with 20 years experience in security applications.
Daddy Yankey:
What are your current plans to onboard new clients and what market are you targeting?
Jeetu Kataria:
Currently our main targeted markets are Asia, Africa and Middle East and we are appointing the comminity manager in with strong local support for marketing.
Lonely Day:
Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Jeetu Kataria:
We have 550 Million token which are pre mined, 65% goes on sale with compultion burn of unsold tokens and rest are for airdrops, bounties and Team& DEvelopment with 2 years lockin, Our main focus is to increase utility of the token on all the assets traded on the exchange to absorb the unlocking of future tokens.
Moonlight©:
How will your major goals to archive in the next 3–5 years. What are your plans to expand and gain more adoption?
Jeetu Kataria:
3 years down the line we plan to file for IPO ones we reach our target of minimum 1 million users actively trading on our cross asset exchange.
Kenan Yılmaz:
Where is the #DIFX coin listed, how can I buy it and how much is its total supply?
Jeetu Kataria:
You can signup on www.difx.io and complete your KYC process, Our custodian integration is on and you will be informed accordingly