Okay, let's just wait a few more minutes so more people hope on. Now let's start.
Okay, I think we'll go ahead and start since the session is recorded already. Hi, Edward. Thanks for hopping on today. How are we doing?
Good good. Are you I'm also doing well Okay, great. So just want to welcome everyone to our first ever two new spaces for DMACS. We're very excited. I think our community has been waiting to kind of
So the agenda for today will be about DMX and a little bit more about the history of DMX and what we offer and what the roadmap for DMX
is looking like because we have some exciting launches coming up. So first I'd like to introduce myself. I'm Sam. I'm working as a marketing executive at Switchyo Labs and Edward why don't you introduce yourself. Hey guys. Hello.
those of you listening live and those of you listening offline. Edward and the head of growth at the secure labs, I think some of you might have heard from me either on Twitter or on other to the spaces as well. So yeah, glad to be here to show
share more about DMEX and what we have upcoming. Okay, great sounds good. That being said, let's just hop right in as a lot of Dinka's today. So first question, what is DMEX and when was DMEX launched?
Yeah, so as the Twitter bio and website states, DMX, which actually stands for decentralized, most of the time, is the order book decks for the cosmos and Ethereum ecosystems. So it is a cross-chain derivatives decks powered by a carbon.
and is designed to support any type of financial asset imaginable. Now, DMX was launched with the aim to make finance accessible to everyone and trust optional. It was officially launched in May 2021 with the same intuitive
user experience of a centralized exchange or sex. Yeah, so to give you a little more details about the history, previously, switch-o-lapse develops switch-o-trade hub, a purpose-built sidechain for trading powered by a 10-minute call BFT consensus algorithm.
From there on, DMX was born and soft launched in December 2020 as a reference user interface to showcase the power of situa trade hub which has since been rebranded to what we know as carbon protocols today. Now DMX continues to grow
with new features and functions being introduced while being supported by the carbon protocol. So that's a quick history about DMX and how it came about. Okay fantastic. So for those of you who just hopped on like Edward mentioned, Lil T L, they are previously carbon
protocol was known as switch your trade hub and switch your trade hub today is basically carbon protocol and DMAX is built on carbon protocol. Yeah. Okay, so moving on to the next question. What can you do on DMAX? Like you said it's a DEX but like what is the functionality of it?
Okay, so at the moment it will be primarily spot markets, futures and perpetual markets in the central limit or the book or clock model with even more features underway. Now for one spot market,
I'm sure most of us are quite familiar with that so I won't go too much into it. I mean it's pretty much what you can do on every other exchange out there. Now for two futures, for two futures, DMX offers leverage all the way up to 50X.
but you can customize your leverage amount to any odd number like 27x or 13x or whatever. You can even edit your margins on open positions which is super powerful for two four