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DEX vs CEX: best for token launches?
Recorded: Sept. 23, 2025 Duration: 1:02:33Space Recording
Short Summary
In a dynamic discussion on the future of token launches, panelists explored the growing preference for decentralized exchanges (DEXs) over centralized exchanges (CEXs), highlighting innovative projects like Layer 1X and Olympus X that prioritize community engagement and liquidity access. The conversation underscored emerging trends in the crypto space, emphasizing the importance of decentralization and innovative fundraising strategies.
Full Transcription
Thank you. Thank you. Thank you. Thank you. All right, good morning, good afternoon, good evening, wherever you're at in this crypto
world.
My name is Cody and I will be your host for today's episode of Xtalk.
Joining us today is my co-host Kevin. How are you?
Yes, yes, yes. Good morning, good afternoon, good evening. I'm good, Cody. How are you?
Doing well, doing well. Living the dream in the crypto world. You know how it is, right?
Thanks for being here. And I'm just trying to get a few messages sent out to a couple of the
panelists. We had a few people cancel last minute, but trying to get a hold of some of the others.
But while I'm doing that, do you want to just give a quick little intro as to those that are
tuning in that may not know what Layer 1X is all about? And just kind of give them a quick
little elevator pitch. I'll be right back.
Yeah, for sure. First of all, it's good to be here. Cody's been, you know, pushing me to get
to make spaces. So Cody, here I am. Welcome. So I am Kevin, founder of L1X and Quantum Dex.
So L1X began as, you know, a part of my first PhD research at the University of Western Australia, which is part of the G8 and one of the top 100 universities in the world.
Today, it's a decentralized smart contract platform that empowers developers to create truly multi-chain applications.
At L1X, we even launched Quantum Texts, which is a decentralized exchange where projects can access up to $2 million in liquidity, which is also protected by our native anti-rub smart contract technology.
We've processed millions of transactions, and just in 100 days, we've listed more than 50-plus projects, making us one of the fastest-growing text platforms in this space.
making us one of the fastest growing Dex platforms in this space.
Awesome. Thanks for that intro. Perfect.
Trying to get a few people up here.
Awebo, are you there?
Yes, I am. Hello.
Awesome. Thanks for joining us. Do you want to just tell everybody a little bit
about a way bow and what you guys do oh geez you don't have enough time for that no we are
well I guess you could say we're a meme tillity type project so we are mean we started're a meme-tility type project. So we are a meme. We started as a meme.
And we grew into this really big project that has a really huge group of developers behind it.
And eventually it just has evolved into a big utility project.
It just has evolved into a big utility project.
What that utility is, is basically something like a pump fun platform that we have.
That's our main utility now.
And yeah, you'll see a lot more of us very soon because we plan on launching projects on our platform starting this week.
I don't know when I can't say when yet, but as soon as I know,
you will see an announcement in our Telegram.
Don't worry, everybody.
We will try to draw some good alpha out of a Weibo
as to what that's going to look like.
So you guys better be ready to drop some good alpha
for those that are listening in.
For those that are just tuning in again,
my name is Cody.
I will be your host for today.
I'm joined by the co-founder of Layer 1X, Kevin, as my co-host, Ana Weibo.
We did have some people cancel last second, but we do have a few stragglers that are caught
up on other AMAs.
We'll be over as soon as possible.
So we won't wait. We will get them going.
If you guys happen to have any questions during today's topic, feel free to throw those down in
the comment threads below, and we'll bring those up to the panelists that we do have with us today.
So today's topic is on DEX versus SEX. What's the best for token launches? We've had a lot of different debate around this
topic over the last, oh, I'd say probably six to eight months, you know, connecting with various
projects on Spaces, talking about their upcoming launches and seeing some success and seeing some
failures. And it's been a very interesting last couple of
months. So I'll throw it over to our two panelists that are joining us today. I'm
curious your guys' thoughts. Are you Dex or are you Sex? And we'll start with a Weibo first.
We are definitely Dex. Dex, Dex, Dex. But I was just thinking to myself,
I think sex is actually more decentralized when it comes to launches,
whereas Dex is more centralized.
It's strange. That's the way I've seen it.
But.
Okay.
This is going to be interesting.
Yeah, well, you can't control who buys on a centralized exchange.
Whereas in Decentraland, you can actually control it a lot more.
So, I don't know.
That's what I was just thinking as you were talking about it.
Interesting. Okay. Kevin, I was holding you back for a reason. I'm taking the gloves off. Go for it.
No, no. I think, you know, I mean, so, look, first of all, I think there is more than meets the decision-making process when it comes to sex versus sex.
In my opinion, it's not an either or all.
I think it's rather about sequence and priorities at launch.
And no, I'm not the guy who uses Android and iOS at the same time, and I'll get to it.
Dex first, CX later seems to be the trend in 2025.
And I think that makes sense because there are a lot of, you know, things that drive
token launch, you know, platform decisions.
Like we've got liquidity, then we've got accessibility, you know, which can again be divided into
regional and technological.
And of course, dependability, you know how the uptime of of the platform that you
want to go to um you know is so DEXs are you know closing in hard I agree with Avibo there like
DEXs are closing in hard when it comes to accessibility on the technology side um you
know they're also accessible regionally like they are 24 7 available you know you you can turn on
your VPN you can access it from any part of the world on the technology front i do think that you know the on and off ramping with the
wallet connectivity um you know has always been a problem but with wallet extraction services and
fiat on and off ramping getting more popular i think this gap is kind of expected to fill up quickly um also with the decentralized nature of the decks
the uptime is always better than the cxs and on the liquidity side it has definitely been a problem
you know with the quantity of liquidity that you need to get started but hey you know you've got
to come up with 60 80 grand if you want to list on cX as well. Now, we have identified such gaps,
and that's where Quantum Dex is offering $2 million in liquidity
with an automated self-service dashboard.
And the responses have definitely been phenomenal.
Just before I finish, many projects do get disheartened, I guess,
when they don't land a tier one CEX.
But at the same time, the volume on DEXs have gone up by 25% market share
in terms of, of course, the volume in 2025,
compared to what it was around 9% in early 2024.
That's a huge leap.
And I always give this example where it's the Uber effect,
where previously you went to Uber to find good restaurants.
Today, you already know what you want to order and you go to that restaurant.
So as long as your text that you are listing on makes it accessible for people
to go in and buy your token from multiple different networks without too much
of restrictions and complexity, the users already know what they want
and they are ready to order straight away from the text.
So finally, I kind of agree with Avibo to an extent,
but I also feel it's a sequence and prioritization
and both are inevitable without each other.
That's a great take, great take. Thanks for jumping in there. We have one other
panelist join us. Mr. Consul, how are you, my friend? Been a while.
Oh, buddy, when you say it's been a while, it's been an understatement.
It's been an understatement.
Yes, it has.
So I know you're just jumping in here, but do you want to just take a second and introduce yourself?
And we'll get you caught up on what the topic's all about.
Uh-oh, looks like we lost him for a second.
All right, he'll join us here in just a second as well.
Yeah, that's an interesting take.
I mean, while we're waiting for Mr. Consul to come up, I'll just kind of share my thoughts as well.
You know, I've participated in projects that have been on sexes, and I've been on projects that have listed on Dex's as well and launched.
And, you know, for me, I don't know, every time I seem to have a bad experience when it comes to,
you know, the sex part, just because it seems like they just nickel and dime you to death on
every little nook and cranny, every little turn, kind of go on that route. And then come to find out, you know,
in some of the projects that I've participated in, I mean,
those sexes just dump and dump and dump as quickly as they can,
which definitely hurts the project's launch overall.
But, but yeah, I'm curious what,
what Mr. Consul has to add to the conversation.
So let me get him added back up.
The biggest thing about this is not your keys, not your coins, right?
Yep.
When you're on a sex, they're not yours.
They're theirs.
So I personally, I stay away.
I haven't been dealing with a sex in probably six years just because of that reason yeah yeah it makes sense
mr cossel sorry you dropped off there but do you want to introduce yourself and and give us a little
bit of take on your flavor of what you've heard so far oh man that's classic x when you start
getting excited over a topic when you hear that voice that gets your heart jolly, boom!
Elon decides to walk his magic.
Briefly, my name is Mr. Consul, a good friend and a dear friend to the man behind that Layer 1X account. I have caught a little bit of what awebo.wtf was stating
As well as yourself, my friend
And I would love to play the devil's advocate
I would love to disagree with what you guys have stated
But it's impossible to
It truly is impossible to root for sexes
It's even in the word, it's sex They do us that It truly is impossible to root for sexes.
It's even in the world, it's sex.
They do us dirty.
They do us clean.
It's just from head to toe.
It's how it's been designed.
And I'm happy that this ecosystem is moving towards launching their tokens towards different distribution channels. So I concur with those thoughts. I wish I did it. Guys, I'm telling you, I love being the devil's advocate. I love being
contrarian. But on this particular point, it's hard not to. Man, it feels good to stump Mr.
Consul then. So that's a good sign. But you're definitely right. At least they could on whether DEXs or SEXs are
best for token launches. Again, if you happen to have any questions, feel free to throw those down
in the comments below. We will get those up to our panelists here shortly. So keeping going
with this kind of overarching theme of whether or not DEXs or SEXs are best for token launches. Kevin, you kind of
talked a little bit about the liquidity needs. You mentioned that some of those charge anywhere
from, from my experience, some of the DEXs, or excuse me, SEXs charge anywhere from $20 to
half a million dollars just to get listed, just to grab their attention.
That doesn't include all of the different marketing initiatives that they want you to
pay for and including liquidity.
Tell us a little bit more about like why and how the Quantum Dex is kind of trying to combat
that and solve that problem for small projects that want to get going
and can't afford that type of liquidity.
Yeah, yeah.
So I always, you know, talk about these numbers,
which is if you, you know, launch with less than $25,000 in liquidity on any DEX,
your chances of survival are less than 15 to 20 percent over a
period of six months compared to if you launch with hundred thousand dollars in liquidity um you
know over the same period so what we did was we didn't you know copy paste the other dexes that
you see on layer 1x we re-engineered and rebuilt everything from ground up where projects wanting
to launch a specific token can come on Quantum Dex and in under 600 seconds, which is 10
minutes, they can create a token, they can borrow up to $2 million in liquidity using
their own token as collateral and list their token on quantum decks making it available
for users to trade not only that the two more things the first one is users can also access
these projects token from any network they can come in from any network and they can go out to
any network using our infrastructure which is done under those 600 seconds so imagine you're
launching your token and someone from ethereum is buying your token straight on quantum decks from
eth to you know your token whatever you want to call it let's call it kryptonite right buying it
straight away so this is where accessibility comes in you know for the users there is liquidity loan
available so projects rather than tying up their liquidity into the liquidity pool they can go this is where accessibility comes in for the users. There is liquidity loan available.
So projects, rather than tying up their liquidity into the liquidity pool,
they can go in and use that liquidity for technology.
They can use it for marketing and wherever they feel it's efficiently used.
But at the same time, there is something called as a risk meter,
which we have built using AI.
And when this loan is given to the projects
and they do not repay that back in time,
the users can see that this project
has not repaid the loan through the risk meter.
And this forces the project to make sure
that they perform their best in making sure
that not only their product,
but their token also remains healthy.
But at the same time, all these rugs that have been happening on DEXs where they don't have to
go through a legal or a compliant way of listing, you kind of build a wrapper of compliance and
legality by introducing these risk meters. Until now, we have got more than 50 plus tokens listed on QuantumX
and the average growth of a token is over a few thousand.
Well, special, you know, mentioned to Biscuit the cat
and Xtalk and Avivo, of course, over here
that have performed, you know, the best on QuantumX until now
using this loan model.
And Biscuit has already repaid the loan in a matter of weeks.
Yeah, I think that's huge for sure.
And you brought up a good point, $25,000 for a project to basically survive.
I think that's a huge thing because if you look into it, you know, a lot of these projects
are just kind of, they have great intention.
A lot of them have great utility, but their go-to-market strategy is a little bit lacking, in a sense.
So, you know, when it comes to driving communities, and I agree, I think Biscuit has done a great job from the L1X side when they launched of driving a great community and empowering them.
them. Do we get, this is a question for everybody, but do sexes or DEXs allow communities to foster
better than one, than another kind of thing? Does that make sense?
Yeah, I think, yeah, Mr. Contis.
Okay. I'm going to definitely give an uninformed opinion. I don't really fall into the arm of
DeFi as much as I do concerning gaming. If I'm to answer that, you know, it is true what Kevin
has stated that in order to get listed, it's expensive initially, especially for a startup that is just wanting to gain traction.
It's not that all sexes are bad.
It's that the good ones are silly expensive, okay?
The good ones offer you exposure
and they have their own community, which is something to be bullish
on in concern and in relation to sexes. If you are able to raise that out of this world capital
just for listing, you can potentially link and entwine yourself with a reasonable sex okay the only
downside to that from my uninformed opinion is that essentially you are buying into a community
that hasn't really built trust with your product that hasn't really built trust with your product, that hasn't really gone beyond speculation
to understand your product or service.
So essentially, they are paper hands,
and it takes a lot of convincing
to turn them into their own hands.
That's on one part.
I believe when it relates to DEXs,
if you are launching through a DEX, you definitely need to have your own community.
If not, you need a miracle. That's what essentially I'll say concerning DEXs and sexes in relation to communities.
Yeah, it almost feels like you need a community all the way around, because some of these big
sexes won't even look at you unless you've got a pretty powerful, pretty strong community behind
behind you. Anyways, so great take on that. Kevin, you were going to say something?
you. Anyway, so great take on that. Kevin, you were going to say something?
Yeah, I think, you know, look, the community-centric nature of text launches, you know,
of course, can lead to a more robust, you know, decentralized network of supporters and
contributors where you already, you know, have these contributors or supporters with you,
and then you decide to either list on the text or you know
the cdx um you know it's it's like i've got a theory you know and i don't know how true that
theory is going to be in the future but this is my theory which is you know we are in a phase where
it's called cdex c-e-d-e-x and what that means is is, we have recently seen PancakeSwap search. And this search was
partly due to Binance's own new feature, routing trades through PancakeSwap. Which shows an
interesting CEX DEX convergence. And it kind of questions the fact where, do I need to
get listed on Binance if you want to route trades to PancakeSwap or can you put an interface over there where users can use the same Web2 accessibility and access PancakeSwap from Binance, you know.
But I think we are going to move to VSEX, which is decentralized, centralized connector.
And there is an interoperability problem where the DEX integration, today, if you see the DEX integration in payment systems, social apps and games is making DEX usage kind of invisible to end users.
Now, it's very interesting.
These kind of swaps were accounted for around 30% of all the total DEX volume by, you know, by, by until this time. So how do we then integrate into a CEX order book from the DEX, not the other way around. Right.
theory is slowly you see the you know the cex is building their own dexes which we've already seen
with base um but where is that line you know when you know you will have an interface on the cex
itself that kind of then abstracts away your token on any decks that you must have been listed
and then kind of allows you to bring now Now, I did read a few research reports
and this is what they are actually thinking to do
as to how do you unify liquidity across CEX and DEX,
but who's gonna do that first?
CEX or DEX, that's a question.
And I would put my money on DEX's doing that first
because, you know, of, I mean, simply because CX is at burden with,
you know, institutional, you know, accountability and so many other things, whereas DEXs have got
a little bit more flexible way of approaching this problem. So let's see how we go from C,
approaching uh this problem so let's see how we go from c cbx to dcx and you know coming back to
the community I think regardless you know wherever you list if you don't have institutional traders
plugging into the cex to buy your tokens um you know or you don't have a great set you know of of community you're not going to do well anyway
you know and and i believe that you know i was speaking to one of the uh advisor so-called
advisor uh you know whose own token isn't doing too well um where they don't believe anymore that
you leave it to the community and the community is going to build the product i said that was never the case right community is there to stand along with the team
to build the product and cex or dx is a platform that they are using to and and the traders are a
part of the community in the future right it's it's not it's not a trader versus community game
it's it's it's the same uh you same team that's actually trying to push this.
So I think this conversion is going to be really interesting.
Oh, for sure.
For sure.
And yeah, definitely some things I want to circle back on that you just said.
But we have another Biscuit joined us up on the panel.
Biscuit, if you want to introduce yourself and give us just your quick thoughts on what you've heard so far.
Yeah, yeah.
No, it's interesting to see.
If you could ever get to a point where, like, Binance, for instance,
plugs in PancakeSwap into its platform,
and you could launch and immediately get access to to bank to
like the bnb platform binance platform i think it'd still be a hard sell because like like
mr console touched on like unless you've got a community that's invested uh you've got these
communities that exist on these centralized exchanges but like Mr. Consul
mentioned they're literally just jeets they're going to be in and out because they've not got
that relationship they don't know the history they've not been in building from the ground up
from day one and I think um DEXs are always gonna be the the the kind of space where you create them
really good communities because that's where you
get all the proper dgens the people on the sexes they're not the dgens they're just they're just
they're typically they're they're the exit liquidity aren't they like the people that
get in early on the dexes are the ones that take all the risk they build like their own kind of
networking they're getting to know all the different like team members community members
building relationships and i think like on a centralized exchange where you've got the
communities that just literally buy into all the airdrop projects that list and anything that
some influence is talking about they never they they're never gonna be on the same kind of level
as the community members what you're getting early into a project,
because that's where you really get your strong belief,
you get that trust,
and people are willing to go to the ends of the earth for you
and start shilling, start raiding,
and it's hard to get that on a DEX.
I mean, a SEX, I think the engagement level from community members
on a centralized
exchange, they're going to be close to zero. Yeah, yeah, definitely great point. You know,
an interesting take, and if you've heard me talk on this space and a few other spaces,
I talk a lot about, you know, a lot of people bring up the aspect of we need to mature as an
industry, we need to keep growing, scaling, that kind of stuff. And of people bring up the aspect of we need to mature as an industry.
We need to keep growing, scaling, that kind of stuff.
And I always bring up the four phases of an industry growth cycle, right?
And one of those is that there needs to be a great consolidation.
And that is, and a good point of this is liquidity.
There's not going to be enough liquidity.
No matter all the money we put into Web3, there's not going to be enough liquidity, no matter all the money we
put into Web3, there's not going to be enough liquidity to go around to every single game,
every single decks, sects, and project that's out there. And you'll start seeing a great emergence
of liquidity, of communities, of projects coming together to make this happen. And I feel this is like one of the main reasons why I joined the L1X team was just to basically help promote this because of the interoperability and the ability to do everything that we're talking about, right?
Combining liquidity, being able to have the routing aspect of it that you don't necessarily need all the liquidity to make a transaction happen.
You can put a portion of it from this and then go borrow from another DEX and make the transaction there.
And, you know, like I think it was Kevin that was talking about the interoperability problem and the issue that we have there. And that's one of the things that we aim to solve
is because once we can bring and unite
all of the Web3 space,
that's where we're really gonna start seeing
some great momentum and growth
is because now there is no specific chain
they need to be on.
They can be on any chain and they can interact
with speed, security, and decentralization
across the board. So great points, everybody. We have a new panelist up on the stage as well,
Pyke G Dao. How are you? Go ahead, introduce yourself. And if you've got any thoughts on
if DEXs or SEXs are best for token launches, we'd love to hear it.
Hey, guys. Hey, everyone i hope hope you're all good
um yeah you know we are an impact by projects you know for rwas uh focusing on university
uh innovations and yeah we are part of the l1x ecosystem and we're also on quantum decks
We're also on quantum DEX as well.
So just with regards to CXs and DEXs and stuff,
I think the interoperability rollout,
which launched today or yesterday, depending on where you were,
that's a key milestone for Layer 1.
We've all been waiting for that.
That's extremely important.
I actually did a post on my LinkedIn about it.
And I think Raoul Powell from Real Vision, he had the panelists on,
and they were talking about how interoperability is the next big thing.
Like any blockchains or any dApps or tokens that are built interoperably from the beginning, they're the ones that are going to stand the test of time.
And that's why I picked L1X as the native ecosystem for our project because interoperability, that enables user experience, enables a Web2 native user experience. They're not going to get mass adoption
if the experience is not like what people are experiencing
in Web2 right now.
So this was a key milestone,
so you don't have to worry about what token or what coin,
what native asset you're using to swap into.
For the most part, Tron,
which is the second biggest DeFi ecosystem after Ethereum, second biggest
TVL.
Most people don't understand.
That's very important.
So the DEXs are essentially a 24-hour stock market.
Okay?
Cryptos, they're not stocks.
SEC can't come after us.
They're not stocks, not securities.
But essentially, they are a 24-hour stock market because people can't stop and intervene in a transaction.
It's fully automated.
It's self-executing.
Operate 24-7.
and can't be interfered with, right?
It can't be interfered with.
Right?
And as more and more assets are tokenized,
you know, you could trade, you know,
you'll be able to trade all kinds of fungible assets
on DEXs, barrels of oil, you know,
bars of gold, bottles of milk,
all kinds of stuff, right?
So I think that's why DEXs are super exciting.
And I think DEXs will take over from CXs
because they're 24 hours and no one
can intervene so there's much more trust in the transaction and what's going on because it can't
be stopped so that's my general take on this yeah that's a great point and you bring up uh another
area i kind of want to go down is regulation right so uh I'll throw this one back to you, Paiji. With you stating that,
you know, crypto is kind of like a 24-hour market that's always open and that DEXs will have favor
over sexes in the future, I wholeheartedly agree with you. I'm curious your take on regulation.
Regulation currently has a lot of pressure that they can put on sexes, and that's why they favor them a little bit more, just because there's a little bit more flexibility there for them.
But if DEXs do happen to take over sexes, how do you think that's going to change the landscape of compliance in that area?
compliance in that area.
Actually, this is something else that we are planning to work on in partnership with
Layer 1x in terms of launching a subnet, because it depends on how you approach it,
so we want to do an STO for the pipe company, put the shares on chain, and we're going to
and we're going to be using a Layer 1X subnet to do that.
be using a Layer 1x subnet to do that.
And so, for example, okay, let's just say people want to trade some stocks.
There would be a DEX on there, but the regulated part,
that would be you'd have to have your own subnet
where you'd be able to enforce compliance, so KYC, AML, and so on.
So you actually use smart contracts to enforce regulation.
So let's just say someone buys a pipe company stock.
We sell it.
This is at the sale stage and at redemption stage.
So it's only when you're doing the initial share sale
or if someone is redeeming the tokenized share for a real share quote-unquote
or the real asset that is the point where regulations come in aml kyc but once it's been
bought on the subnet and is then transferred to a dex it can be traded anonymously
anonymously without regulations potentially
because you're not redeeming
or buying the assets,
the real assets anymore on the DEX.
You're just buying a tokenized version of it
and you can trade it.
So I think you can have a hybrid model
in terms of how you operate that,
which is still compliant.
I GPT'd this if you're wondering
because this is what I was thinking about, right?
But you'd have, again, a regulated side of it,
which is a subnet or equivalent,
which enforces regulation.
But once the asset is then tokenized
and then passed on or traded on to someone else,
you could still trade it on a DEX without having AML KYC,
because, again, it's the redemption point
or the initial point of purchase that's where the regulation could come in so that's my take on that
great take anybody else have any thoughts they want to throw out there on this
um yeah you know I've got two two perspectives to this, you know, and first of all, I want to clarify that I'm a law abiding citizen and I'm not giving out any ideas here.
Right. Yeah. So I think on the tax implication side of things, like that's where I feel the taxes quietly shine.
Dex is quietly shy.
In many countries, you know, even if you swap your token,
so let's say you bought a specific token on a CEX
and the price went up, you know, a thousand percent
and you're happy about it and you're like,
okay, let me just swap into a stable coin.
That is a taxable event.
And if you do that on a DEX, you know,
that's like playing chess where open it is not looking at the board.
So, you know, in the coming time, I do feel like, you know, the events that have happened where Binance has started integrating into PancakeSwap, you know, these kind of events will be scrutinized in terms of, you know, regulation or taxation or, you taxation or the tax reporting standards as well.
But looking at the future outlook, like in the coming years, I kind of see, we've all
seen the ICAs being condemned, slapped down by the SEC and where IDOs and IEOs are the
instruments that came out after you know the ico was slapped we
may see a blending of cx and dx elements for token launches where you know exchanges might
offer dex launch pads where they will facilitate an ido you know with a compliance wrapper
as i mentioned binance's routing of trades to pancake already hints at you know cx leveraging
text liquidity um and i kind of
feel like projects might do ideas for the community and then kind of an exchange offered sale for kyc
compliant investors um you know this kind of you know regulatory emphasis on kyc or aml will no
doubt continue i mean you know you can kind of expect like an increased identity verification, even in decentralized context, if the project wants to go mainstream compatible.
And I definitely feel that, you know, the concept of anonymity and token sales is definitely under threat now from the legal perspective.
And, you know, as long as, you know, I agree with Batsy as well from PipeG like as long as you know there are
smart contracts and decentralized networks that exist um you know where we have seen the government
go out to these you know DEXs and say okay if you can't stop you know people trading on through the
protocol level then you know add filters of a uh you know uh kyc or aml on your front-end application
but we all know what that means you know it's easy to bypass a front-end application and go straight
to it but uh yeah i think you know nonetheless as long as smart contracts and decentralized
networks exist completely permissionless launches will remain possible i i definitely feel it will
be up to each project to decide whether they want to sail in a regulated waters or open sea of DeFi and I
think those decisions will carry a lot of implications for how token is perceived and
how its early trading phase also kind of unfolds if you want to you know go mainstream compatible
and we all understand that we can't avoid the validation that cex is
like you know finance or kraken coinbase brings to the users but i also feel that you know as
mark clearly mentioned that it's short-lived and without a community that sticks on um you know
you can list on mars but you know there's nobody buying you know um that's the kind of uh thing uh that i
feel and in in terms of just you know before i finish in terms of the regulation standpoint
this is going to be an interesting one because if you think about it 90 of the volume is done by the top few texas so in the next couple of months or let's say a year how the
government is going to go into this space of you know you have to do kyc or kml and then you do you
see the pirate pay versions of texas coming out um you know or do you see everyone kind of like
unfolding and saying hey the nft identification is coming on
so how does the government make it easier to kind of being recognized on web3 so we do have a lot of
time to uh to kind of see where this goes because at this moment i even feel that the government is
clueless um certain governments of course are clueless about how to tackle this.
And I think as users, whatever we decide, whether we want to go through the DEX route
and hold our profits or we want to go through the CX route, it's just a wait and watch situation
right now.
Yeah, 100%.
100%. And I've always kind of championed this as well is, here's a great opportunity for us as Web3 builders, enthusiasts, innovators in the space to really come up with a solution beforehand to build the foundation for this type of regulation that may be and will be coming at some point
and allowing us to kind of control the narrative of this and work hand in hand with them rather
than having it come from a top down situation.
And I think that that is a prime opportunity that we have in as early adopters in the space.
as early adopters in the space.
So, yeah, great point out, Kevin.
So yeah, great point out, Kevin.
We have Olympus X joining us a little bit late,
but more than welcome.
If you want to just kind of introduce yourself real quick
and then if you have any thoughts on whether a DEX
or a SEX is best for token launches,
we'd love to hear your take.
Hey guys, sure thing.
Can you hear me okay
sure can so um yeah it's an interesting topic this is something uh i put quite a lot of thought into
and for olympus x we're an upcoming protocol that's uh built on ethereum We have not launched yet, but we actually decided to go 100% the DEX route.
Why? Because number one, I think that's what truly fits into the ethos of crypto, right?
It's we're all about decentralization. And although centralized exchanges are convenient, you do give up your freedom, essentially, your security,
because now you're going into a centralized exchange that can get hacked, that you can lose
your tokens, where they can freeze your funds. And so for us at Olympus X, just to give you a
sort of brief overview of what we are and what we believe in is
there's a problem and there's a few problems in the crypto space.
One of them is we just have nonstop token launches and we have basically a sea of red candles,
which is where coins go to die, right? So you have a coin launch, you have some sort of hype phase,
and coins can do very well during that first launch phase.
You can see the 10x is 100x, 1000x, and sometimes even more.
But the problem is it's not sustainable, typically.
And the reason it's not sustained is because a lot of these
coins have nothing backing them and what i mean by that is not necessarily this idea of intrinsic
value that is a criticism people say of bitcoin or ethereum uh but i think those are assets in
and of themselves i think they're proven assets at this point in time.
But there's a lot of other assets that are not proven, right?
If somebody just creates a coin and launches it, it can have a tight phase.
It'll go up quite a bit and then come crashing down.
Even if it has some utility, but you have to have a balance of allowing room for speculation.
But I do believe it has to have some underlying values so how does olympus x tackle this um number one is we maintain decentralization by only uh allowing trading on
a dex we have a unique vault system smart contract system where all the coins are always in uh one of
our various smart contracts and you can only trade in one liquidity pool. It's a Uniswap
liquidity pool that we're launching on. And that's going to be the only pool that you're
going to be able to trade on, and you will not be able to create your own liquidity pools.
So that's number one. So that allows a unique price discovery mechanism because you're not going to have Olympus X in listed in
various different places.
You're going to have one liquidity pool, one price, uh, and you're going to have
a, uh, a very unique retail friendly UI and design.
But what, what we're going to do is, um, what, what kills most of these projects is just constant market selling.
People will buy a coin.
It'll have a type cycle.
And then again, it'll just die in a sea of red candles and market selling.
So how do we solve for this?
Well, tax tokens created this new kind of innovation of being able to tax at various points, whether it's transactions, buys, sells, etc.
But what we decided to do was why not just take a list of every possible action that you could do in the cryptocurrency space and rank it from best to worst?
in the cryptocurrency space and rank it from best to worst.
Because I see a lot of projects where the YouTubers and influencers,
rightly so, will come out and say,
hey guys, if you could just please stop market selling,
why don't you just exit via LP?
Let's use the innovation that Uniswap gave us.
But unfortunately, there's friction for users.
They don't know how to exit via LP, right?
That's the benefit of the
DEX. That's what we're talking about here. The DEX versus the SEX. Well, the centralized exchange,
it's basically market sells and market buys and limit orders. Well, Uniswap, you can exit via
liquidity providing. So why don't we have a structure that creates the right incentives for a user not to market sell, to exit via liquidity providing, and to have those pushed in the right direction?
And so what we're doing is we're using taxes to our advantage.
So in OlympusX, there's no tax on buying.
Why? Because that's a good action.
You want users to buy, you don't want any friction.
So why are you gonna tax a good action?
That's one of the best actions, right?
That's what pushes the price up.
It brings in a new user.
So don't tax that action.
Then you have transactions.
Those are neutral actions.
There's no reason to tax a neutral action.
So we allow people to transact from one wallet to the other seamlessly without any taxes.
The worst action, the one that actually creates the red candles is market selling.
So we actually tax those heavily.
We have a 38% tax on all market sales.
tax on all market sales. Then we have limit orders. Limit orders are not impactful to the
Then we have limit orders.
price in a negative way. What they do is they create a sell wall that you need to eat through
in order for the price to continue higher. So we only tax at 8%. So I see a lot of shock faces
popping up. But if you think about it as a holder because a lot of you guys
are diamond hands holders i see it i see the communities you guys will buy into a token you'll
believe in it and then what will happen is you'll either just hold or you'll enter staking and
you'll just get dumped on by the guys who are trading or who get scared at the first sign of any
any flood or any red candles and then what happens is
the price becomes reflexive selling begets more selling begets more selling so in this case you
need a deterrent and the deterrent is the tax so you have a 38 on market sales and 8 on limit orders
that automatically will push a user towards limit orders.
Then you have 0% on exit via LP.
And all this is going to be seamless on our user interface.
So when a user comes to our interface, they're going to see various tabs.
They're going to see a tab that has a big 38% market sell tax.
The next tab, 8%, and the next one, 0%. They might not know what exit via LP is,
but we're going to have a clear video showing them,
teaching them, and educating them
on what exiting via liquidity providing is.
And so what this is, is it's a proper incentive structure
that pushes the user towards these good or better behaviors.
Then what do we do with those taxes?
That's the next most important part.
A lot of tax tokens squander their taxes.
So we actually have a unique system.
We don't collect taxes in Olympus X.
That's one mistake many tax tokens do.
For us, we actually collect the tax at the contract level.
In Uniswap before, you have now custom hooks.
So as soon as a user executes a trade,
you can collect the ETH before it gets sent to the user,
take your tax and then send it to them.
So if somebody sells Olympus X,
we collect our taxes in Ethereum.
This is huge because we don't have to sell our own token
in order to have an Ethereum treasury.
So we take those taxes and we split it into a few different ways.
Number one is we pay out stakers immediately.
So we pay them 16% of what we collect.
Hey, Olympus.
Yeah, sure.
We've got a few minutes left.
I want to give the panelists a time to kind of talk about, do some outros.
I'm going to invite you and Awebo to next week. We hold what's known as the 10-minute pitch show.
I'd love to have both of you guys on there next Wednesday at 8 a.m. Eastern Standard Time.
If you want to DM me, I'll get you some more information on that. But basically, you get 10 minutes to basically go through and pitch your whole project uninterrupted.
But due to time, I just want to give the panelists a little bit more.
But I know a lot of people would like to hear more about your project and what you guys are cooking over there.
I know I would. But if you're OK with that can we can we conclude and and just kind of give
them time yep you got it thanks for the time guys we'll talk yeah awesome awesome uh so yeah let's
just uh we've got a few minutes we lost mr console he's headed over to host his own uh show so if you
guys are into gaming i highly recommend him He's a great host as well.
But let's start with, we just heard from Olympus.
We'll go to with PipeG, Awebo, Biscuit, and then we'll conclude with Kevin.
Thanks for that.
Yeah, so CXs of the future.
Sorry, excuse me, Dexs of the future, excuse me.
I'll just do a quick little shill.
We actually have a token-gated app exclusive to GDAO token holders.
You can generate your own patron's portrait.
That's part of our narrative.
You can generate your own quantum data.
You can wait.
There will be an NFT mint.
And it will be comparable on other marketplace. Here is the pin for it. I'll just pin this now.
There we go.
That's pinned there.
Get your patrons PFP.
The first 100 patrons will get the best rewards.
Thanks.
Awesome.
Again, let's shift it over to Weibo.
Your help.
Hello.
Well, it was great stopping in.
Sorry I couldn't chat a bit more here, but I do look after my grandkids and they tend to get in the way at times.
not speak one little iota into a sex token launch i have done over a hundred i've advised on over a
hundred token launches on dexes and to me that is the way to do it you don't get these people in
your project too early that do not know what they're doing they do not really what they're doing. They do not really research. They're just there to drain
your project. So personally, I like decentralized. That's why we built an app to launch
decentralized projects to a point because you can't really trust everyone. And honestly,
Because you can't really trust everyone.
And honestly, you don't really know anyone in crypto.
You just see this PFP and you're supposed to trust this person.
Well, no, that's not how it should be.
You have to build trust.
And that's what we've done at Awaybo.
We've been around for over a year and a half.
We've been building constantly.
Every day, we've been building.
We've been building our socials out that's that's basically the main thing
that you need to do is worry about building that reputation before anything
and then yeah maybe look at sex but honestly I am I'm not a fan I've never
been a fan of sex it's just because they try to control every little thing you do.
And they shouldn't be controlling your project.
It's your project.
So that being said, it was great stopping in.
And yeah, I will definitely look for that invitation for next week.
Thanks, guys.
Love it.
Love it.
And if you guys want to know what a Weibo actually stands for for send them a quick little ping on their Twitter
handle I'm pretty sure they'll respond with what it means it's pretty funny so biscuit over to you
hey so yeah agree with agree with everyone it's gotta be it's gotta be it's gotta be the decks is
that's the that's the way where the the true growth happens i don't i don't believe that
you can create something that we're creating here that are waybos creating next talk gdo you can't
create that just popping up on a on a centralized exchange you just get it you just got to get a
community full of jeets you're not going to get anyone that's willing to do the do the hard work
like like what we've got here what we're building here you can only do it you can only do it in this defy space this is again it's all down to it's all down to the clientele
you don't get you don't get your same dgens on a centralized exchange centralized exchanges are
typically retail investors that are just edging the bets dipping the toes into into this space like you need you you need your proper dgens that
i'll bet the house and sell the car and get divorced over your meme coin that's that's what
you get that's what you get here so that's what i'm close to as well so but yeah decks is and and
this is what this is where quantum decks really really stands out because like we're not just targeting one ecosystem are we?
At the minute it's like
the L1X ecosystem is nowhere
to be able to do as good a job
as we can to bring other
people in that have never heard of
L1X into the ecosystem
but now this AnyToken
AnyTokenSwap, this is where
the magic happens because
you can literally bring anyone in
because they don't even need the native token.
It's just a direct swap.
So Quantum Dex is like getting the best of everything.
You're literally out there getting exposure
to every single market, every single community member.
And eventually we're going to get on the centralized
exchanges but that's the end that's the end product and to me i want that to happen through
the centralized exchanges getting four more themselves i think a lot of people the mistake
is where you're they pay they pay for these centralized exchange listings thinking it's
going to have this massive impact and a lot of the time especially the smaller ones they use poor market makers and all they want to do is kind of drain your projects
and drain the liquidity so we're gonna we're gonna get on the sexes but that's gonna be
hopefully an organic process and in the meantime we're just gonna continue building community
because community is everything mean coin utility it doesn matter. If you haven't got a community, you've not got shit.
I'll finish.
I'll finish that.
That's a good one.
Well, I hope your wife isn't divorcing you over biscuit
because it's been such a great success.
But good luck to you on that one, my friend.
But we'll shoot it over to Kevin.
Go for it.
Yeah.
No, I think I'll just keep it short.
If you've ever been you know scared of
trading on a text because you're going to get rocked or you know if you're a project that you
know who wants to borrow liquidity to launch liquidity is the problem just head over to
l1xapp.com and you know your prayers with the answer I think I think it's it was an amazing panel here and the appreciation for Quantum Techs and the L1X ecosystem as a whole.
That's what I think builds the community.
That's what is going to build that comprehensive push that we all need.
We all push it together.
So, yeah, thanks for having me here.
Yeah, thanks for joining us, Kevin.
It's always great to have you on the space.
And thanks to all of you that have tuned in to show your support.
And hopefully you learned something new.
And hopefully you gained some new perspective on what is better for your strategy.
Again, anytime you invest in anything, make sure that you do your due diligence on this
because it is still a little bit of the
Wild Wild West. But there are innovators like L1X, Quantum Decks, and a lot of other projects
out there that are trying to combat the rug pulls, the fraud, and everything around that.
So thanks for tuning in. We do these every Tuesday at 10 a.m. Eastern Standard Time. Also be on the calendar and a slot available for you.
Again, thanks, everybody.
We will catch you on the next one.
Keep working tonight a la crypto.
Thanks.
Have a good one.
Bye-bye. Thank you.
