KingMEX AMA Summary with Decentralized Club ✔️

Dear, Community,

Welcome to the recap on our recent AMA with “Kingmex” held on t.me/decentralized_club Telegram group . We appreciate everyone’s support who participated in the event . Some really good and thoughtful questions were asked. For those who missed our AMA or just want a read, this blog post is for you :)

✔️Introduction with KingMEX :👉

CryptoTalk(BILLY):
Q1. Can you please introduce yourself and also tell us a bit about Kingmex ?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
Ok, so I’ve been in the crypto world for some time now — initially just curious. read bticoin whitepaper in 2011 and started mining in 2012 and then got more and more down the rabbit hole. i’m from toronto and i met the ethereum team when people kept saying a programmable blockchain was dumb. was part of their ico. i met straneg men in back alleys and bought mining equipment.

then co founded my own thing, harbour. then went on to angel invest

CryptoTalk(BILLY):
Adventures my man!

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
also was first employee of BEAM and part of that founding team

and advisor to some projects in crypto space

most recently directed growth for AdEX before joining the awesome team at KingMEX!

CryptoTalk(BILLY):
You got a solid reputation in the industry for sure

So, moving on

Q2. How are the plans shaping up for marketing + building a strong, core community which is essential for any project in the crypto industry?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
So, KingMEX is basically about empowerment, a simple and exciting new way to trade
⁃ Margin trading simple and easy
⁃ get more people into margin trading
⁃ leaderboard
⁃ Referral program is awesome

CryptoTalk(BILLY):
Yup yup yup yup

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
The community is sort of everything. Building a community based on empowering everyone to trade with confidence is mission #1. And we want it to be fun! Why should trading be boring? All of that’s going really well.

CryptoTalk(BILLY):
Hell yeah

Q3. Do you guys have proper market making in place at Kingmex ?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
does a bear shit in the woods?

CryptoTalk(BILLY):
Umm 🤨🤨

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
it’s a Canadian expression — i don’t know if it translates

but yes, for sure!

it basically means, of course!

CryptoTalk(BILLY):
BOOM

Q4. Finally as we moved into 2020, in the short term what is Kingmex planning to achieve by end of year?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
There’s statistic that we come back to a lot in the team, which is that 1% of institutional traders are driving 80% of trading derivatives volume across exchanges

As a team, we basically think that’s not cool

Blockchain was mean tto be a democratizing force for people

CryptoTalk(BILLY):
Very uncool

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
We see ourselves as furthering that basic mission.
If we can turn that statistic on its head , and get more ‘everyday’ traders taking advantage of the tools of trade (margin, etc), we’d be really happy.

CryptoTalk(BILLY):
Easier said than done but yeah thats where the challenge is

So..

I guess that is what Kingmex is planning to do

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
yes, of course! We want this to be the biggest and best margin exchange ever

by empowering everyone, not just elite instituional traders

*institutional

CryptoTalk(BILLY):
Yup yup

So my last question before live telegram round

Q5. Which product/feature will really affect the market of Kingmex ?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
Beyond the simple UI, the 40% referral commission program is pretty amazing. You’re basically a partner in our growth!

CryptoTalk(BILLY):
Bang On!

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
Also, we are doing some pretty exciting competitions in our early days to really ramp up, like our $2m giveaway, which as far as I know is the biggest giveaway happening in crypto trading right now.

https://medium.com/kingmex-blog/kingmex-launches-exchange-wide-competition-worth-2-million-e64de0a361e6

✍️ Telegram live Questions answered by KingMEX ✔️

Ardass:
KingMEX is a unique market name, where did you get the idea from and how did you start naming KingMEX? and what is the meaning of KingMEX?
Thanks @dylanoshi

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
Great question! We went with KingMEX bc we wanted everyone to be king, and make it easy to have fun and make money!

ieo:
Your slogan looks very impressive “ TRADE LIKE A KING “
Can you tell us what feature makes kingMEX KING?
WHY margin trading is king?

KingMEX Mgr:
We want you, traders, to claim your throne and be crowned King! That’s why we’ve built in a ranking leaderboard for daily, etc. Trading for people to compete and become King! We think margin trading should be fun and there are so many benefits/rewards to earn!

S.A.M. Crypto Trader:
Awareness is very important for any Platform ! So, Is there any Referral system provided by KingMex Platform where we can earn rewards by referring our Friends & relatives?

KingMEX Mgr:
Yes! We have an in-depth referral program where users can earn rewards with everyone they invite! Up to 40% referral fees on everyone you bring on, and there’s even a second tier for you to earn from everyone brought in by your referrals! The possibilities are endless!

Joxes:
Dylan, what lessons did Beam teach you that you can apply at KingMEX?

KingMEX plans to be just a crypto derivatives exchange or in the future could we see IEOs, staking, lending, etc?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
1. Community is #1
2. We are focusing on derivatives and making that experience as fun and simple as possible, join up and you can experience that too!

Lester:
Hi Dylan @dylanoshi

I only see USDT (ERC20) as Deposit & Withdraw Crypto Option in KingMEX, why? Do you require to undergo KYC before you can deposit/withdraw?

Dylan Dewdney — CMO at KingMEX and Crypto OG and BEAM Maximalist:
Hey! No KYC necessary at the moment, we will likely add that in the future, though.

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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