DEX223 AMA

Recorded: Jan. 18, 2024 Duration: 1:30:51

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hello everyone
and welcome to this new
event with DEX 223
my name is Charles Bishop
I'm glad to see you all here today
to discover this brand new project
from DEX 223
I'm an administrator at EU Support
we are a non-profit organisation dedicated to
onboarding new users into the web3
and today I'm glad to welcome DEX around
to speak about this new project
that we decided to partner with
since it has submitted
an amazing potential to bringing a true
decentralized DEX
and so many new features including
the first DEX being compatible
with ERC 223
today as the name says
it's going to be an AMA
to ask any and all questions directly
raising your hand after the questions
or directly commenting into the
to the space
we are here to learn everything we can
about this new project at DEX 223
so if you have any question
prepared for yourself
any question you have asked yourself about this project
now is the chance
to ask this
directly to DEX around
and so today this is the first AMA
we are going to have another
a couple of hours after this one as well
it's going to be hosted
on our Twitter account
at eosynergy
and you're welcome to join this one as well
for today for this AMA
we're going to have 200 USDT
to reward some of you
rewards will be awarded
well we're going to have some questions
we're also going to reward
most active participants
so feel free and welcome to ask
any more questions you have
for this event, the next AMA
that is going to be held at 4pm UTC
is going to have
also some giveaways for you
100k tokens
from DEX 223
towards some of you
so you're welcome to join us after the event
at this second AMA
it's going to be hosted at our Twitter account
at eosupport
you can also find us at our Twitter account
eosynergy
but that's it for the promotional
waiting to hear from the man
himself, the man behind the code
Dexeran, hello there
can you hear me?
yes we can hear you perfectly
this is great, first
I welcome everyone
and I wanted
to clarify a little bit
that this is
the first attempt
to build an exchange that will work
with the FC 223 standard
we did one already
but this one
will be a little bit more extended
and it will have
some optimization and
extra features that our
reference Dex didn't have
I'm sure that
audience is very welcome
and eager to learn about these new
that's for sure
and so yes, first
I'm going to introduce some about
yourself, where do you come from
from what background
and maybe why did you decide to work on this
project in particular, Dex?
I was a security
auditor in Ethereum Classic
and I was among the first
developers
on Ethereum Classic, I was following
Ethereum even before the DAO hack
and the split in
and I joined the Ethereum
Classic team, there I was
working on a prototype of
the decentralized
exchange for tokens
that could be developed on
Ethereum Classic chain
but there was not so much tokens
as we can see now
and at this
time I was investigating the
ERC-20 standard
for the tokens and
I discovered
security flaw in the standard
and I was proposing to Ethereum
Foundation to fix it
and I developed an ERC-223
token standard
as an alternative to the
ERC-20 to fix this
particular problem
I will not go into some
technical details, there are
a lot of articles written by me
and others about the problems
with ERC-20
but at this point
the first
ERC-20 tokens
became popular
on Ethereum chain
and people started
to actually lose money
because of the security flaws
it became like $1 million
and today there are
more than
$100 million
because of the flaws
because the Ethereum Foundation
decided that
they will not step in this
standards
conversations
and they just said
Ethereum Unity will decide
that option
of ERC-20 standard
grow over the years
here we are
and people are losing money
and we are trying to solve it
That's a great endeavor on that but
100 million tokens lost
some pretty big number
coming from Ethereum telling the users
we can do that
that's not a satisfying answer
and you talk about
security, you come from a background of security
so it's a significant concern
currently in the crypto space
so how does DEX23
specifically differentiate itself
in terms of security features
especially considering the problems you mentioned
from ERC-20
I would like to say that
the DEX23
as it is built with smart contracts
implement some
particular security features
it can be either
secure or not secure
depending on how the contracts are built
in theory it is possible
to develop
more or less
safe ERC-20
this depends on how
the system is built
so we can't implement some
particular security features
we can only make
the system
overall secure
and develop
a workflow that will not
allow people to
damage themselves in the process
eliminate the problems
that can arise
on infrastructure level
for example if some
wallet providers will make a mistake on their end
it will not result in the financial
losses for the users of the
wallets that interact with our exchange
just what about the process
exchange itself
Yeah, we know all about process editor supports
one of our great jobs
this is enabling users to
learn more about the processes that enable them
to gain more security
gain control of their assets
and be maximising
the security of their account, securing their keys
so we all understand
that's all about the process
so definitely, I get it
talking about ERC-223
so one of the key
aspects of
DEX-223 as we understand
it's support of ERC-223
token standard
so this standard in particular
how does it enhance
security for users
to control transactions
what benefits does it bring
the users in the long term in terms of for example
gas efficiency compared to
can you share some specific examples of how DEX-223
implementation
optimises well the gas usage for the
users compared to traditional
ERC-223 transactions
I need to explain a bit
how ERC-220 works
so there is a native
currency Ethereum
on Ethereum chain
BSC on Binance Smart Chain
so there are native
currencies and they have some
default code how
they are built
and ERC-220 token
is not following
specification and the logic
of the native currency transfers
it defines two methods
of transferring tokens
one for depositing tokens
to smart contracts
and another method for transferring
tokens between people
people own accounts
on Ethereum you can generate
as much accounts as you want
and you can use it without any problems
and basically every address
can be an account
or it can be a contract
and with ERC-220
there are two different methods
for depositing tokens to contracts
and to human owned addresses
and in fact
there is no way to
if one address
can be a contract
or it can be a contract
on the smart contract level
and if you
deposit for example
ERC-220 tokens
to a contract
using a transferring method
that is designed to transfer
tokens between human addresses
the contract
will process this transfer
even though it's not correct
and this method is not designed for this
it will just subtract
the tokens from the sender and it
will successfully deliver it to the
destination but this method is
not for these kinds of transfer
so the recipient of the transaction
will not recognize it
and the tokens
stuck in the address
of the recipient if it's
the contract and if
this is the contract that is not
designed for holding any
tokens for example if it's not
multi-chain it can be
a naming service or
another token contract for example
and it will not
be able to send out the tokens
because it doesn't
know that it will be
receiving any tokens
it is not supposed to do this
and the tokens will be lost
as a result and the user can
accidentally
deposit tokens
to some contracts
that are not designed to receive tokens
in any way and
it is possible to prevent such
transactions on the contract level
or on the wallet level
often it's
not done and people
are just losing
the assets and
with ERC-23
the specification of the native currency
so when you transfer
Ethereum on Ethereum
chain from one address
to another there are no
different methods of transferring
there is just one method
you send Ethereum from
your address to contract or you send
Ethereum from your address to
another human
owned address and
the code decides
who can receive it and
who can't receive it
at the end and
if you transfer Ethereum
to some smart contract that
is not designed to receive it, it will not receive it
it will be refunded, it will be
returned and the transaction will not happen
you will not lose anything
you can't lose Ethereum this way
and we are just following this
implement the same level of
protection in ERC-23
and it works
you can transfer ERC-23 tokens
to some address that is not designed
to receive tokens
so we can prevent some mistakes
and we can optimize the process
of how contracts work
with token transfers
the method of depositing tokens
in ERC-23 is that
you need to authorize
the contract
to take your tokens
this is basically
how credit cards work
you authorize someone
to process the
transfer from you
on your behalf
and ERC-23 tokens
work this way
if you want to
deposit to a contract
you authorize the contract
to take your tokens
and then you ask contract
please do something and
take my payment
with ERC-23 you
send tokens to
the smart contract
and it will
recognize the deposit and
perform some actions
upon receiving the transfer
only one transaction
and it requires
two transactions with ERC-20
because you need to authorize
the contract, it's one transaction
and to call the contract and ask
it to do something
it's the next transaction
the mistakes
mentioned
have been quite a lot
so 100 million intrans
is actually the cost for the users
that was a lot
it's a great endeavor
because these mistakes are costing
lots of users lots of money
so even if it minimizes
just a little bit of that, ERC-23
will be a massive help
to the web3 users in general
once it's launched
and talking about
the launch of ERC-23
and how it will work
with other chains, cross-chain deployment
specifically
so I guess that's one of the main
focuses of ERC-23 being
as many EVM compatible chains as possible
this is what will happen with the ERC-23
EVM chain, specifically
and others, so could you shed some light
on the strategy behind
this cost chain deployment
well, how does it align?
with the goal of maximizing support
for different networks, because that's the endeavor
for the web3
being connected as many networks as possible
and how do you envision ERC-23 becoming
the exchange that supports
the largest numbers of networks in this industry
as far as I understand it, that's one of the goals
that supports the most networks
in the whole picture industry
how do you envision that happening?
I want to
share a little bit more about
my background, so I came to
the crypto industry
and at this time
there was a strong narrative
behind the decentralization
and all the people
who were in the small
community at that time
the true decentralists
the main idea behind crypto
is that we can
regain the control
funds from the banks
and the financial systems
that can be corrupt or not
but with decentralization
nobody can
block your funds
or freeze something
or hurt people
in any way
so we have been building
a more robust system that will
allow people to have more control
over their financial
and at the end
over their life
you know, the centralized exchanges
are the main problem here
they impose some rules
they follow
regulations
sometimes it's
for their users
the selection
of assets being listed
on one of the top exchanges
is a huge advantage
so they can
influence
market is evolving
and the smaller projects
even though they can be good
and the development team can have
bright ideas
they will struggle to get
into the market because of
the high entry barrier
imposed by
centralized exchanges
and centralized
services like
CoinMarketCard, Cognico
they can also
charge you quite a high
number, high
and this is a problem that we are also
trying to solve. We are trying to
enable people
have control over their assets
not only when they trade these assets
or own the assets
but also when people create assets
we want to enable the
creators of tokens to have
as much freedom as they need
to succeed
because this is
incentivize the
evolution of the ecosystem in a healthier way
our goal here is to
provide them
with the tools
and for this we will be creating
the DEX 223 instance
on every chain, we will make it
as open for everyone
as possible, not only for traders
who will be our main users
of course, they will have no
restrictions on what they want to trade
but also for
the token creators
I think that they have
huge problems with the
centralization of the ecosystem
and they suffer from it
even more than people
who actually trade
or own assets
this is quite in line with
our initial vision
in order to
make a significant step
towards decentralization
for token creators
we will be
developing
exchange on
most of the chains
that we can support
which is not really
a hard task because
EVM compatible chains
are basically the same
so we can develop
smart contract code
in the UI once
and we can deploy it on every chain
with quite little effort
like copy-pasting
the code and
it will not cost us a lot
it's a bit more complicated
than just copy-pasting the code
but it will be
not a hard task, I don't really understand
why the Uniswap
and other big
decentralized or smart
contract based exchanges are not doing this
because it's not hard
I don't know why
they can do this
so we will do this
it will not cost us a lot
holders of the
DEX 223 token
will receive the
equal amount of tokens
on every other chain
that we will be deploying our exchange tool
and after the deployment
the exchanges
will become independent
from each other
so we are just taking
we are deploying it to other chains
we are taking the snapshot
of the balances
at the time of the deployment
we give users
the same amount of tokens
as they held on Ethereum chain
at the time of deployment
of our exchange on every other chain
give them the same amount of tokens
as they had
and after that moment
the new created exchange on a new chain
will be independent
from any other copy
on any other chain
and from the initial version
on the Ethereum chain
Ethereum chain
so they will be
self-sustaining
that's impressive
that's what I did
and that's also
one thing that intrigued me
about DEX 223
it's the concept of encapsulated margin trading
and transparent auto listings
so can you dive a little deeper
into how these features work
and how they potentially impact
the user experience
and the platform liquidity
also which is very important
so how does DEX 223 ensure seamless
and secure process
for users to participate in margin trading
and listing new tokens
specifically
so as I said earlier
one of our
goals is to enable the token
creators to have
as much tools for
approach on the market as possible
for example we will be providing
the best tools for trading
meme coins and
assets that others
may consider low profile
but this is a huge market still
there are no other players
on the ecosystem who
are focusing their
development processes
to enable these
market participants
with the opportunities to
for this we are creating
the auto listing smart contracts
problem with decentralized
exchanges is that
decentralized on the technical level
but sometimes
on the management level they are not
this means that
a smart contract
truly decentralized application
nobody can have control over it
but people who trade
on this exchange
they use a UI
and whatever
is listed in the UI
has the same advantage
as the assets
that are listed on centralized
exchanges over
those assets that are not listed there
and if you are listed
in the UI
it's the same
as being listed on centralized
exchange and
it's a centralization
goal is to
make listing
processes
as easy and
decentralized as possible
but at the same
time we have a problem of
some scam assets
spamming of
UI with tokens
that a normal person may not
want to even know about
and for this
we are creating the smart contracts
and we will be implementing
different methods of
displaying assets on
so there will be
a default
list of tokens
that will be displayed
and there will be
token lists like
Uniswap is doing great with
their approach to listing
of the tokens
they enable services like
CoinGecko and others
to create their
lists of assets that users
can just import
in their exchange and
they can trade it
so we will be using their lists
as well so people will be
trade these assets
exactly in the same way as
on the Uniswap
and we will introduce a new
method of listing
through the
auto-listing contracts
it's basically a number of
different contracts where
people can
deposit some listing
fee, it will be fixed and
it will be transparent for everyone
and after they
deposit this fee
they can create
that some token is
listed on the exchange
and users who
subscribe to this contract
they will see it
at the same time
if you don't want to see the assets
that are listed through the auto-listing
contract can be disabled
on the user interface by the user
so we are giving
the control over what
assets are displayed in the user interface
to the user who will
be looking at these assets
and the user can
decide to
enable or disable
some source where these tokens
are coming from
that's how auto-listing contracts will work
and as for the margin
we are just basically creating
the same system as
exchange had
where users are allowed
to deposit funds
and specify
the conditions
under which
lend these funds to
some other user
and the key concept here
is that the
funds will never leave the smart contract
and we will just
transfer it
internally from the
lender to the borrower
and under some conditions
the borrower can be
liquidated and the funds
will be transferred to the balance
of the lender
but they will never
leave the smart contract
more or less secure
but I will share
a bit more details
in written form
upcoming, with our
roadmap because it's
quite tricky
to explain it
I understand
here there are some issues with my microphone
so while I reconnect we can take some questions
from the audience
we have a question from Barry
in the comments of the Twitter space
What are the benefits
of holding your token as long-term investment?
Can you tell her
it will be about the motivations
and benefits for investors to keep
the DEX 223 token
in the long run? So while you answer
I'll be reconnecting
Thank you
basically the
DEX 223 token is
the governance
token on the DEX 203
it will be used to
configure the
auto-listing contracts and the internal
variables of the exchange and at the same
time it will receive
a share of
trading fees that will be
collected on the platform
everyone who is holding
the tokens will be
able to stake these tokens
and the stake tokens will
constantly receive
some income
from the trading fees and
as long as you
hold the tokens you are
collecting the revenues of the platform
Maybe until
Charles is reconnected we can
take some questions from the audience
Sophie you can ask your question
My question is that
I want to know what are the
difficulties and challenges that
you have faced during the development
of this wonderful and amazing
DEX RAM project and
how do you overcome all these obstacles
When I talk about the difficulties
and challenges, I mean maybe
difficulties in terms of like
technical challenges or
physical challenges
that you have faced and how do you overcome
all those obstacles? Thank you
So the main technical
challenge that we have here
is the margin
trading and
the problem with margin
trading is that it is
computation heavy
task and smart contracts
on Ethereum virtual machine
can't perform
with this kind of
work world
have to somehow
a way to delegate
these tasks to offchain
and at the same time
delegating the task
to offchain services
always introduces a risk of
centralization of the system
so it's the same as
I described with the UI
problem. If you have
decentralized exchange
that has perfect smart contracts
and it is
completely decentralized
but it only has
one instance of UI
and this UI is controlled by
the development team. It's the same as
the centralized exchange because they will
be able to
censor or charge fees
or make bribes and
all the problems that can arise with
centralized exchange will arise with this
exchange as well
because of the centralization point
and as long as you delegate
some tasks to offchain services
they can be the same problem
introducing risks
with centralization
so we are developing a system
of incentives
those who will execute
the liquidations
because the computations
are required to
process liquidations
in margin trading
are quite heavy
and we need to
enable someone
to do this offchain and then
call a function
that will verify
the results in the smart contract
at the same time
we need to do this
so that the
users of the platform will not rely
on just one provider
of these services and we
incentivize the
creation of
many services
that will
basically liquidate
positions
offchain computations
we are developing
a liquidation bus
I will be
releasing some technical details
in the future
announcements
and this is the main technical problems
that we are facing
as for the development
ecosystem for the exchange
problem that we are facing is
liquidity obviously
on Uniswap
there are a lot of liquidity
providers and as long
as you don't have liquidity
on your exchange it will be
it will not be popular
we will have some
incentivization campaigns
motivate people to
provide liquidity on DEX-223
but the details
will come after the publication
rounds because it depends
on the amount of funds that we
can allocate for these
companies but this is obviously
one of the biggest challenges
it's not really a problem but
it's a challenge that we can address
Well, Nizin, I thank you very much
thanks for the answer
Okay, NFT kit
you're next
You can ask your question now NFT kit
Yeah, okay
so my question is
just in terms of
what are your plans to
naturally bring in more users
to your platform and
also can you tell us about your
marketing strategies for
Could you repeat the question please
I can't really understand
Okay, then let's go to the next one
you can ask your question
Excel you could
you can ask your question now
All right, you're allowed to speak
Hey, am I audible?
Hey guys, am I audible?
Yes, we hear you
Awesome, awesome, yeah
Yes, we hear you
Awesome, awesome, yeah
so I like how you
gave so much clarity concerning
your project
so yeah, down to my question
so I would like to know
can you outline the
2-3 strategy
for handling ERC-20
and ERC-23
token compatibility
addressing past design issues
associated with ERC-20
begin my question
the main problem
with solving
the problems of ERC-20
that currently exist
is that there is a big ecosystem
ERC-20 tokens
everyone knows
how to work with these tokens
if you want to create
a new token and
you don't like ERC-20 standard
you have no options here
because if you will be listing
this token on some exchange
like Binance or even
on decentralized exchange like Uniswap
you have to be
compatible with ERC-20
and there are no options
if you really want your
token to be traded anywhere
as we are
trying to address the problems
of ERC-20
our main mission is to
ERC-23 tokens
and ERC-20 tokens
on the same time
so we need to convince
exchange to support and use standard
we need to convince
service providers like
Azure Scam
and token explorers
and CoinMarketCap to display
ERC-23 tokens in the same way
they are doing with ERC-20
understand that we will not
just make ERC-20
disappear overnight
so we are building
the ecosystem for tokens to
coexist for some time
and we have created
find it on
Ethereum documentation
and we have created a service
that transforms
ERC-20 tokens to ERC-23
and ERC-23 tokens back to ERC-20
we are trying to
make tokens interchangeable
when someone creates
ERC-23 tokens
if the developer wants this
token to be listed on some exchange
and the exchange says
now we can't work with ERC-23
we will only work with ERC-20
the developer can
transform the token
to ERC-20, get it listed
basically ERC-23 token
and its ERC-20 version
will work just fine
for this developer
and it will enable developers
to choose alternative
standards if they know they can
transform
the tokens of one standard
to another standard and at some point
the adoption of
will make it
not as important as it is now
for now we are trying to build
this ecosystem and we already did
quite a lot in this direction
so this is our main strategy
of getting ERC-23
adopted and the problems of
ERC-20 solve
Awesome, awesome, awesome, I like that
yeah, so how does
the ERC-23 enhance
security for ERC-20 tokens
given the historical
vulnerabilities and how
does ERC-23 contribute
to this improvement?
ERC-23 is an alternative
standard that we
can prepare ERC-20
we can just
warn people so that they know
that ERC-20
contains some problems that
can financially damage them
and people
will be careful with this standard
and we can advise people to
use a new standard
we can be saying
hey, ERC-20 tokens
are old and
you need to use
a new standard, you will be safer
with it, we can
ERC-20 in any way
unfortunately
Okay, let's go to the next one
Michael, you are up
to ask your question
Okay, hello guys, can you hear me?
Yes, we hear you, yeah
Okay, yeah, it's been a great space so far
So, my question is
in terms of mitigation
issues like running
and also other manipulations
because these come on
on this deck, so
what are your strategies to
tackle this
and also how do you tend to like address
security's
concern related to your platform
Could you repeat the question
I can hear you well
Okay, what are your plans
for mitigating issues like
front running and other manipulation
of your platform?
There are some
quite standard
problems of all
decentralized exchanges that
are related to
protocol level
like front running is
possible because the block
where transaction is placed
this block is
accessible
to others
before the transactions
that are in this block can happen
not the block
but the transaction
is accessible
implement some
magic level of protection
about this
front running attacks other than
the default methods that
are used by Uniswap
and other decentralized exchanges
so we have to
deal with it
in basically the same
ways as everyone else
We can't invent
something
to solve the protocol level problems
Okay, next one is a trend
tactician, you can ask your question
Hello, am I ready?
Yes, we hear you
Thank you for giving me
opportunity
My question is
how does DEX
two to three
insert the security of user parts
and personal information on
multiple chains? Are there any
specific security measures in
place? Thank you
This is my question about security
As I said
in the beginning
the security
of users is mostly
connected to the processes
that these users have to go
through in order to make
some interactions with the contracts
so with ERC20
you have to authorize
the contract to operate
with your funds which is
not the best idea
If you want to be
completely safe
you don't want to authorize anyone
to access your funds
and with ERC20
we are eliminating the need
to authorize third parties
such as contracts to have access
over users' funds
and the user will
make deposits
directly and the contract can only
operate under the funds
that user deposited
in the scope of this transaction
and we just
eliminate the need
to authorize
the contract
in order to make trades
we are optimizing the process
the security risk of
losing control of the funds
is removed
but our exchange
will support both ERC20
and ERC23 standards
and with ERC20
tokens you will still need
work with them in exactly the same
way as you need to work with them
on other exchanges
we are not
magically solving the problems of ERC20
we are introducing a new standard
and we will
educate users, we will tell them
that hey, you can use
a new standard and with this standard
if you use it, you will not
have to authorize the contract to
have access to your funds, you will be safer
there will be no chance that
your funds can be
compromised because
nobody has control over it
and you can use
the ERC20 standard at your own risk
we can't do anything about it
so we are basically optimizing the processes
for ERC23
but we are not
doing anything new to ERC20
because we simply can't
ERC20 will be
the same as it is
Thank you, Bishop here
yet again, let me know if the microphone
works correctly this
time around
Sounds better, perfect
I just activated for Atlas
to ask his question
Perfect, go ahead
Atlas you can ask
your question
Let's try for the next one then
We have NFT kid
I think, let's see
Yes, I can hear you
Right, so I just want to know
As we all know
many projects actually look great on their
voice people on the road map, what do you think is
difficulties when implementing the project's mission
so I just want to know what are some of the
biggest challenges now of the project
has actually encountered so far
its development, how are they really addressed?
So the main technical difference
as I said before
is that we need to address
computation heavy problem of smart contracts
and liquidation services
and we are building
a system of incentives
for third-party providers
the services
that will liquidate
positions that are
that need to be liquidated
it's quite
explain it
in a few minutes
there is a
white paper that describes how exactly it is done
comment on it
in the written form if you really wanted
the management perspective
the hardest challenge is to attract
the liquidity providers
and we will run
incentivization campaigns for them
thanks for the opportunity
I wish you success, thanks a lot
Thank you
I think we can move to the next question
Perfect, let's see who we have next
I think we have
Skywalker
You have been approved for the next
question, please unmute yourself
first and you are welcome to
Yes, I think we can hear you from
far away, but try again, let's see
Yes, perfect
We have more
standards, more ecosystems
How do you try to make this really
go mainstream, because I feel your
product could be
really life-saving
Can you repeat the question? I really
have hard times listening
I can translate
the question was about how
to reach out to more ecosystems
in the first part of the show, about doing
cross-chain, going to more EVMs
I think this question
encapsulates all of that, so maybe you can
summarize once again
how do you plan to
reach out to more ecosystems, maybe
through EVM, or through other
partnerships, etc.
What is the main vision?
We are basically
building smart contract systems
that will be compatible with
most of the
existing chains
like Ethereum,
Venus chain
and Layer 2 chains
out of the box
because they run
the same virtual machine
that can run our contracts
if they are comfortable
with Ethereum, and
we will be just creating a copy
of our exchange
on every chain
and that's it
and we will have one
instance of
user interface
that will be compatible
with all the chains as well
this is how we will
spread over multiple
ecosystems
I will not comment on
the management level
community building
right now, because
this is a bit
aspect of getting
into adopted
status on every chain
but we will address
it in the
Yes, there's
still a lot to come, still the
public ICO, and lots
of news to come and the roadmap
and more. For the next question, let's
welcome Alice. You've been
approved to talk.
You're welcome to go
ahead. Ask your question away.
Always remember to unmute yourself
first, but you've been approved as a speaker.
You can go ahead.
my question,
I just want to know, do you have
like another set of programs, and
I just want to know what are the requirements
to apply?
I'm sorry,
with the background noise, even myself
didn't get the question, maybe Dexter
there's a lot of background noise.
so my question, I just want to know, do you
have like an ambassador program for your project
and what are the requirements to apply?
Could you repeat it?
I got the question this time around.
Alice asked if you have
an ambassador program, so I guess many
people in this Twitter today are interested
by the DEX23 project
wonder how can they
participate? Maybe you have some
ideas already about how you're going to
go ahead with an ambassador's
program or how the community can help
the DEX23
company to evolve
and go further. Okay, so yes,
we do enable
our community to help us, but
you need to
join our telegram
and ask me
there or ask
your support
for the details.
I'm not able to share it
right now.
Perfect. Again, DEX23
has partnered with our organization
at EU Support. I am connected right
now with the EU Synergy account, which
is the ambassador's program
and outreach of your support.
So again, if you want to be involved with
the DEX23 project,
you can simply reach out to
EU Support directly on our website
EUSupport.io
or as DEX23 said, go directly to
the telegram of DEX23,
reach out to DEX23 directly
and let him know how you can help
on how you want to help
DEX23 go even further. If you have
been a part of the pre-ICO, if you have some tokens
already and you know you want to get
involved, so go ahead
and let us know how you can
help and we'll work together.
Let's see for
the next question then.
I have C.K. Thomas.
You've been approved
for the next question.
Remember to
unmute yourself first
and you'll be good to
go in a second.
There you go.
C.K. Jarras, yes, you can go ahead.
Hey, Janice, we can hear you.
Go ahead.
I don't want to know
what are some of the
features that you
actually gain from these collaborations.
Well, a part of
EUSupport and let us know, DeXran,
what are your working collaborations for now?
How do you plan collaborations
and partnerships with DEX23
and other organizations?
We will have
a program
key opinion leaders
on every chain. As I said
in the beginning that we are going to
deploy on every chain separately
and the DEX will have
an independent
exchange of
that is a copy of our exchange
on every chain.
We will be
allocating some share of
teams' tokens
on every chain. We have
some tokens
on the Ethereum chain that are
allocated for the core team, but on
every other chain, this part
of core team tokens will be
allocated
persons who can
promote us or represent us
in their community.
We will be basically contacting
them or they will contact us
at some point because we received
a lot of requests recently
and we will
these chain-specific tokens
compromise.
That's a good way to go.
Let's jump into the
next question.
Tokyo, you've been
approved then for the next
speaker. You're welcome to go ahead
and meet yourself
and join as a speaker for you.
And you've been added as speaker.
You're welcome to go ahead and
ask your question. I see that
MJ raising your hand, Tolga
as well, you'll be the next
ones to go.
Feel free to unmute
yourself first,
Tokyo, and you're
welcome to go ahead.
I just wanted to know
how can we
be more actively
involved?
Could you reiterate on your ambassador's
programme?
Well, for the ambassador's
programme, I can answer directly.
You're welcome to go ahead on the
telegram of DEX 223
Let them know there
how you can help, how you want to help.
You can also reach out to us
partnered with DEX 223 at
eosupport.io
the website. You have a live
chat on our website. You're welcome to go
ahead there and also let us
know how you'd like to get involved with the project.
Maybe you're good at marketing,
maybe you want to promote it on social networks,
maybe you're good with graphics,
or anything. So really, you're
welcome to just go ahead on the telegram
of DEX 223. The link
will be posted again. We've always posted
already in the comments. You're welcome to
go there and figure out how
you'd like to help.
The question was already answered.
But happy to reiterate,
it's a very important question. How do
people get involved with the project?
I would like to add that
everyone can join our
telegram group and ask the
questions here, but please
do not directly
message me
like, hello, I have
a question. Please ask it in the public
channel so that we can all track the
questions, and I will definitely
answer them when I have time.
But if you message
me directly, the message can be lost
because I'm receiving a lot of messages
these days.
It is way better to
ask it publicly in the channel.
Always better, yes.
Good clarification.
And that for the next
user, for the next question.
I didn't forget about you. There you go,
Tolga, Josek, you've been approved
to speak and ask your question away.
Next one's actually.
Hey guys, actually,
my question will go around
NFTs. Actually,
NFTs have differences than that,
but you guys point out
some problems occurring on
Also, I couldn't find
any information,
somehow your standard
involving
somehow with NFTs.
Do you have any projection,
or it is totally out of the subject?
This is a good question.
I would say that the NFT
has really a different
token standard. It's
and the NFT
token standard is
completely based on ERC-223
and it doesn't have
the same problems as ERC-20
so NFTs are safe
and it's fun
the standard that we are trying to
promote for
fungible tokens
is the base standard
that made the creation
of NFTs possible.
The NFT standard
already implements
what we are trying to build
for fungible tokens.
They already did it for NFTs.
That's ERC-223 with NFTs.
try to onboard as many questions as possible.
I see that lots of people have questions.
We will move on quickly from the one to the next.
That way everyone has an opportunity to speak out.
Let's see. Raise your hand
everyone in the chat. I see
yes, Christmas is still
raising its hand
and spamming
emojis. I guess you're very
keen to get your
question answered. You've been approved as a speaker
Christmas. Feel free to
unmute yourself and go ahead.
There you go.
Yes, perfect.
My question is
what are your achievements so far?
What have you achieved?
Also, what's your ultimate
vision for DC?
What are you trying to do?
What is your plan?
Within the crypto coins market DC?
So, I had a question.
What are your plans for DC?
What are your plans for DC?
regarding what we already achieved
can you clarify?
Do you want to know about
our previous projects
or do you want to know
what kind of
technical development is already
completed for this one?
the question had to do with previous
project. You talked about
a previous project on ERC-223
so maybe you can elaborate
your views on that. I will briefly summarize
what we did in the past. So,
I was a core developer of Ethereum Classic
I'm still the core developer
of Ethereum Classic and I'm
maintaining some notes for them.
I'm the developer
some crypto wallets
like wallet.calisto.network
I am the founder
of Calisto Network and
Calisto Security company
400 security
audits during the
past four years
I'm the creator
of the ERC-223
standards and
a number of Ethereum
improvement proposals. Right now, I'm
working with security closely
this is basically what we
did in the past. And regarding the
development of
we started by
creating the
infrastructural services for ERC-223
this includes
the service that
calculates the
amount of lost
ERC-20 tokens
real-time and it's already live
we created the service that
converts ERC-20
standard tokens to ERC-223
tokens and back from ERC-223
to ERC-20 so that
developers would have an
opportunity to use a new standard
without a fear
some service like CoinMarketCap or
Erskine refusing to
list them because
they are using a new standard because they
can always resort to ERC-20
we did this
proposal on Ethereum and we implemented
a service that actually
does this.
developed the
reference user interface for
our exchange and
there were some
screenshots and you can find the
development report
on our website
it has some links
to the interface. We are
currently building the smart
contracts but it is like
working the process, it's not yet completed
and we've built
a finance
exchange before so basically
it's not the first exchange that I'm building
I have developed smart contracts
for soy finance exchange
we did some
refactoring of the old code
and we are
investigating our competitors
a lot of research
but the contracts
are still in development phase.
That's a lot of experience Ethereum
many people here are reassured
about your experience and what you can bring
I forgot to mention
that in 2019
the DOS attack on EOS
and it's mainly frozen
for a month
some good experience
let's try to
the next question
I see Romeo
has been wanting
to speak for a while
so Romeo you've been
approved as a speaker, you're welcome
to unmute yourself once
approved and go ahead
again we'll try to
get as many questions answered as possible
this is the point of an Ask Me Anything
so you're welcome to go ahead
if you want to speak and ask
your question to go ahead
and ask your question away
Romeo, let's see
you've been removed from the proof
you can raise your hand again
to speak out
Manifestos24 you've been
wanting to get on for a while
so approving you as a speaker now
let's see
and again
thank you Dexter and so far
for all the information
and all the details
I've bring out so you have answered
so many questions so far and everything
we've said much clarity
so I guess whenever I speak I'm really
grateful for that
they can have some transparency about
the Dexter23 program
I would like to add that people
can still ask questions in our
channel and they can
ask it in the comments
I will go through it and I will
answer, I will try to answer
it when I have the time but I need to
do a lot of coding
and managing
myself so
I'm not 24 hours
answering questions
but I will try to
of course
you're welcome everyone to go ask your questions
in the telegram chat of Dexter23
or if you have any questions also
eosupport.io
we have a free live chat
24-7 with real people there
ready to answer all your questions
and yes MJ you've been approved as the
next speaker feel free to ask your question
away. Hello my question is
how is revenue
from on-platform trades distributed
among DDD223
token holders and what
mechanisms ensure a fair
and equitable sharing system
and secondly
what strategies do you
the users
highly participative and
engage with your platform because I
believe that will add more value
to DDD223 token
regarding the
anything new distribution
in order to ensure the transparency
everything will be
automated so
the revenues will be
basically distributed through the smart
contract you will have to
state your tokens
you will have to place
them in one specific
smart contract and
as long as they are in this contract
they will be
collecting the revenues
we as a development team
will have no control over it, it will be
automated, it will be performed
via the smart
contracts and that's it
regarding the
algorithm of collecting
the fees, it's
still in development, we have two
competing versions, one
where the tokens
will be automatically
resolved, which means
this is an exchange
and it will have a lot of payers
there will be
hundreds of
different tokens and if
you will be receiving the revenues
from these trades
the fees are taken
in the tokens
and I'm not sure
that you want to receive
300 different
tokens and manually
exchange them for
USDT, for example, if you want
something with the money that you collect
and if you don't own a
significant share of
tokens, this
amount can be quite small
and this is a problem
so we are developing smart contracts
that will automatically
small tokens
these different tokens
first and then
deposits the revenue in the form of
USDT or some currency like
other currencies, so
this is our first version
and the second one
a basic contract
that deposits
everything that it connects
into the revenue contract
but in this
case you will have a lot of
dust tokens that
you have to exchange and
probably we will just
leave them
as two separate options
and a user will decide
which contract
to put tokens in
and you will either
collect all
tokens, un-exchange
and you will have to
manage them yourself or
you will choose an option to
collect some revenue
for example
one a month
you will not be able to
claim it anytime
you want, you will only be able to
claim it at a specific time
but in this case you will not be
receiving dust tokens
you will be receiving just one or
two stable assets like Ethereum or DCT
and this is still
in development and we are trying to
find the best way to solve the problem
of dust tokens but
it's a bit tricky with
Ethereum contracts
I understand as well
we have had
one speaker that has been wanting to
speak for a while now
that is Sam
so approving now
Bitcoin Mama
nice handle as well
so Sam you have been approved as a speaker
it takes some time, every time
for the approval to get on
let's see
and now yes
we have been approved
go ahead, you are welcome
good evening, thank you so much for inviting
for this amazing experience
I have a question to ask
I would like to know is your
pre-sale and what you told
it's over
do you have any plans
to implement
AI to its platform
and where can I get the
latest update or more information about your project
thank you
we have a web page
you can track the progress
we have a development section where
we can publish development
reports, they will be updated
once per month
you can follow us on
social media and join
telegram channel
my other question is
I would like to know do you have any
plans to use AI
technology to your platform
could you repeat
the name please
artificial engineering
we don't have any plans
to integrate any AI in our platform
it is not possible
it is doing contracts
and it has no
actual benefit
we don't have
any tasks that
we can delegate to artificial
intelligence so that it will be performed
it is like algorithm training
that's it
I would like to know where we can
buy UNA2 tokens
do you have any plans
of listing a private
temporary sales issue
we are not listed
on any exchange right now
and we don't have the plans to be listed
on any platforms
before the public issue
but after that
we will announce it
you can trade it on
existing exchange unless
the token is listed on some decentralized exchange
which is possible
we can do nothing about it
if people want to list
it on exchange without
our involvement
they can do it
I guess that answers it
we are closing in today for
ask me anything
that with DEXU23
one more question will be coming
from Markus
and you're welcome to go ahead
you've been added as a speaker
hey guys, can you hear me?
yes, perfect
awesome, thanks DEXU1 for this awesome session
was super interesting and very technical
the first pre-ICO sales
went really well and all the tokens
were sold so I wonder
if there's already news on
when there's gonna be the official
ICO, is it gonna be
soon or can you say anything
about this?
we are currently
planning for this
so we expect it can happen
in May probably
it's related
to the market conditions
and initially we were planning
to develop an MVP
before the public ICO round
but after some conversations
we decided that it is not
the priority to have an MVP
before so we will probably launch
the public ICO round
somewhere around
May but it is
not yet confirmed
so it's an estimation
so that means people can now
only buy tokens via
P2P basically or maybe
also get tokens on a
private sale
yes but we
closed the private sale
yesterday
and we will
announce the
new conditions of
private sale
as soon as the
public ICO round will go
live and we will set the dates
right now you can buy on the
private sale as well and we
have enough funds to
cover our expenses
basically we have
everything we don't
conduct any sales
of tokens for now
thanks for your answer
so I heard there is another AMA
today where maybe you could
get another bunch of tokens
is that right? Yes
right now you can get the tokens from
the events
we will probably have more
in the future so for now
this is the only official way to get
the tokens from the team
Indeed this AMA is coming to an end
today and there are still so many
questions that have been posted in the
Twitter space comments there are still many
of you that want to request
a chance to ask a question to DeXeron
so good news for you
we have yet another AMA
planned today in our
Twitch channel at EU Support
so you can already go to
Twitch EU Support
I'll be posting the link as a comment
in this space as well
it's going to start off at 4pm UTC
so an hour and a half from now
you'll have another chance to
win some DeX223 tokens
for now we have
awarded 200 USDT
to some of the participants
here we have picked out
at random from the most
interesting questions and participants
we have picked our winners
and we'll be sending you
directly a PM
private message to contact you
and get your address
for these 200 USDT
that will be going separately
to 5 winners here today
so again thank you for being all here
you still have another chance
to win some of the
100K tokens
from DeX223 again
another AMA in an hour and a half
it's going to be held this time on Twitch
you'll have a chance to see me directly
hosting the show and again with DeXeron
we are going to have another
new space as well which is going to be
hosted on the EOS Synergy
account which I'm speaking from
here now so you can already go to
EOS Synergy by clicking
on my handle and subscribe
and follow of course if you like this event
and everything that we do to help
DeX223 gain
some exposure out there
and gain the effect that it deserves
thank you DeXeron here today
for having answered so many questions already
and I'll be glad to host you
once again in an hour and a half
from now after a short break
to our new event
the giveaway show on again
the account EOS Synergy
Thank you everyone and
I remind that
there were so many questions that it's
not possible to answer everything
live and you can still
ask your questions in a
written form and I will try to go through
I'll be posting then
other comments on
the link to
so again before
last closure
I am Charles Bishop from
EOS Support, we are a non-profit
organization dedicated to onboarding
new users into the Web3
and we picked out
DeX223 as a great partner since
they have so much to give
to bring a true decentralized DeX
compatible with ERC223
and everything it enables
to the Web3
so again thank you for coming here today
one last question
I had personally, we have lots of
questions today, I bet you can
iterate a little bit more on the
future milestones, so what's ahead
for DeX23 as a recap
for everyone here, so looking ahead
what are the key milestones and developments
that DeX23 community is
planning over the next
month, specifically
basically we are releasing the roadmap
that we are still
working on and
this is the most anticipated
event that
people were asking for
we will be updating the documentation
and we will have
the prototype version of the
approximately by
May or early
early summer
and then we will proceed
to deployment on the
then we will go live on
Ethereum mainnet
I can't call any date
right now because it depends on the
results of the security objects
and testing
and we will probably have a competition
when we will deploy the exchange
on the testnet
so we will create
test tokens and
the users who will be
making the most
volume of the exchange
or who will have
better test results
will gain some
and after we are
done with the
testing phase we will proceed to the deployment
on Ethereum mainnet and after that
we will start deploying the
contracts on other chains
one by one and we will be
air-dropping the
chain-specific tokens
on the holders
of the original DEX23
token who
bought the tokens on Ethereum chain
That's great to hear
So again, thank you DEX3RAN
for having come to this event
and thank you to everyone that asked the question here today
So again,
remember, click on your Synergy
in my account, you'll find the next
AMA that we have planned in an hour and a half
we are going to have
so much fun that's going to be quite
different because we'll be streaming live
we'll be having some games together
we have a hundred thousand
tokens from DEX23
to give out to some of you
through these games and triggers
and more. So be welcome if you have any
more questions or want to have a good time with DEXRAN
yet again to join
us in an hour and a half from now
Again, thank you DEX and thank you
everyone here today, you've been great
See you in one hour
Take care everyone and see you in the next AMA