my name is Charles Bishop
I'm glad to see you all here today
to discover this brand new project
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
an amazing potential to bringing a true
and so many new features including
the first DEX being compatible
to ask any and all questions directly
raising your hand after the questions
or directly commenting into the
we are here to learn everything we can
about this new project at DEX 223
so if you have any question
any question you have asked yourself about this project
and so today this is the first AMA
we are going to have another
a couple of hours after this one as well
and you're welcome to join this one as well
we're going to have 200 USDT
well we're going to have some questions
we're also going to reward
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
also some giveaways for you
so you're welcome to join us after the event
it's going to be hosted at our Twitter account
you can also find us at our Twitter account
but that's it for the promotional
waiting to hear from the man
himself, the man behind the code
yes we can hear you perfectly
to build an exchange that will work
will be a little bit more extended
reference Dex didn't have
and eager to learn about these new
I'm going to introduce some about
yourself, where do you come from
and maybe why did you decide to work on this
project in particular, Dex?
auditor in Ethereum Classic
and I was among the first
on Ethereum Classic, I was following
Ethereum even before the DAO hack
and I joined the Ethereum
Classic team, there I was
working on a prototype of
that could be developed on
but there was not so much tokens
time I was investigating the
security flaw in the standard
and I was proposing to Ethereum
and I developed an ERC-223
technical details, there are
a lot of articles written by me
and others about the problems
because of the security flaws
it became like $1 million
because the Ethereum Foundation
they will not step in this
Ethereum Unity will decide
and people are losing money
and we are trying to solve it
That's a great endeavor on that but
coming from Ethereum telling the users
that's not a satisfying answer
security, you come from a background of security
so it's a significant concern
currently in the crypto space
specifically differentiate itself
in terms of security features
especially considering the problems you mentioned
as it is built with smart contracts
particular security features
depending on how the contracts are built
so we can't implement some
particular security features
damage themselves in the process
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
Yeah, we know all about process editor supports
this is enabling users to
learn more about the processes that enable them
gain control of their assets
the security of their account, securing their keys
that's all about the process
so this standard in particular
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
optimises well the gas usage for the
users compared to traditional
BSC on Binance Smart Chain
currencies and they have some
specification and the logic
of the native currency transfers
one for depositing tokens
and another method for transferring
on Ethereum you can generate
as much accounts as you want
and you can use it without any problems
and basically every address
there are two different methods
for depositing tokens to contracts
and to human owned addresses
on the smart contract level
using a transferring method
that is designed to transfer
tokens between human addresses
will process this transfer
even though it's not correct
and this method is not designed for this
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
this is the contract that is not
tokens for example if it's not
another token contract for example
be able to send out the tokens
it is not supposed to do this
and the tokens will be lost
as a result and the user can
that are not designed to receive tokens
it is possible to prevent such
transactions on the contract level
the specification of the native currency
different methods of transferring
your address to contract or you send
Ethereum from your address to
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
you can transfer ERC-23 tokens
to some address that is not designed
so we can prevent some mistakes
and we can optimize the process
the method of depositing tokens
you authorize the contract
and then you ask contract
recognize the deposit and
upon receiving the transfer
two transactions with ERC-20
because you need to authorize
the contract, it's one transaction
and to call the contract and ask
it's the next transaction
is actually the cost for the users
because these mistakes are costing
lots of users lots of money
just a little bit of that, ERC-23
to the web3 users in general
with other chains, cross-chain deployment
so I guess that's one of the main
as many EVM compatible chains as possible
this is what will happen with the ERC-23
and others, so could you shed some light
this cost chain deployment
with the goal of maximizing support
for different networks, because that's the endeavor
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?
share a little bit more about
my background, so I came to
there was a strong narrative
behind the decentralization
the main idea behind crypto
and the financial systems
that can be corrupt or not
but with decentralization
a more robust system that will
allow people to have more control
you know, the centralized exchanges
are the main problem here
on one of the top exchanges
even though they can be good
and the development team can have
they will struggle to get
into the market because of
and this is a problem that we are also
trying to solve. We are trying to
have control over their assets
not only when they trade these assets
but also when people create assets
creators of tokens to have
as much freedom as they need
evolution of the ecosystem in a healthier way
and for this we will be creating
on every chain, we will make it
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
centralization of the ecosystem
this is quite in line with
and we can deploy it on every chain
it will not cost us a lot
it's a bit more complicated
than just copy-pasting the code
not a hard task, I don't really understand
contract based exchanges are not doing this
it will not cost us a lot
that we will be deploying our exchange tool
we are deploying it to other chains
we are taking the snapshot
at the time of the deployment
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
the new created exchange on a new chain
and from the initial version
one thing that intrigued me
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
and the platform liquidity
also which is very important
so how does DEX 223 ensure seamless
for users to participate in margin trading
goals is to enable the token
approach on the market as possible
for example we will be providing
the best tools for trading
but this is a huge market still
there are no other players
with the opportunities to
the auto listing smart contracts
problem with decentralized
decentralized on the technical level
on the management level they are not
truly decentralized application
nobody can have control over it
that are listed on centralized
those assets that are not listed there
as being listed on centralized
decentralized as possible
time we have a problem of
that a normal person may not
we are creating the smart contracts
and we will be implementing
Uniswap is doing great with
their approach to listing
they enable services like
lists of assets that users
so we will be using their lists
as well so people will be
exactly in the same way as
and we will introduce a new
it's basically a number of
different contracts where
fee, it will be fixed and
it will be transparent for everyone
subscribe to this contract
if you don't want to see the assets
that are listed through the auto-listing
on the user interface by the user
assets are displayed in the user interface
be looking at these assets
some source where these tokens
that's how auto-listing contracts will work
we are just basically creating
funds will never leave the smart contract
and under some conditions
will be transferred to the balance
here there are some issues with my microphone
so while I reconnect we can take some questions
we have a question from Barry
in the comments of the Twitter space
of holding your token as long-term investment?
it will be about the motivations
and benefits for investors to keep
in the long run? So while you answer
auto-listing contracts and the internal
variables of the exchange and at the same
trading fees that will be
collected on the platform
able to stake these tokens
and the stake tokens will
from the trading fees and
collecting the revenues of the platform
Charles is reconnected we can
take some questions from the audience
Sophie you can ask your question
I want to know what are the
difficulties and challenges that
you have faced during the development
of this wonderful and amazing
how do you overcome all these obstacles
When I talk about the difficulties
and challenges, I mean maybe
difficulties in terms of like
that you have faced and how do you overcome
all those obstacles? Thank you
challenge that we have here
on Ethereum virtual machine
always introduces a risk of
centralization of the system
that has perfect smart contracts
and this UI is controlled by
the development team. It's the same as
the centralized exchange because they will
all the problems that can arise with
centralized exchange will arise with this
because of the centralization point
and as long as you delegate
some tasks to offchain services
they can be the same problem
so we are developing a system
to do this offchain and then
the results in the smart contract
users of the platform will not rely
releasing some technical details
and this is the main technical problems
ecosystem for the exchange
problem that we are facing is
there are a lot of liquidity
as you don't have liquidity
on your exchange it will be
incentivization campaigns
provide liquidity on DEX-223
will come after the publication
rounds because it depends
on the amount of funds that we
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
You can ask your question now NFT kit
naturally bring in more users
also can you tell us about your
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
you can ask your question now
All right, you're allowed to speak
gave so much clarity concerning
so yeah, down to my question
addressing past design issues
is that there is a big ecosystem
how to work with these tokens
you don't like ERC-20 standard
because if you will be listing
this token on some exchange
on decentralized exchange like Uniswap
token to be traded anywhere
trying to address the problems
exchange to support and use standard
and CoinMarketCap to display
ERC-23 tokens in the same way
they are doing with ERC-20
understand that we will not
the ecosystem for tokens to
and we have created a service
and ERC-23 tokens back to ERC-20
make tokens interchangeable
if the developer wants this
token to be listed on some exchange
now we can't work with ERC-23
we will only work with ERC-20
and it will enable developers
standards if they know they can
the tokens of one standard
to another standard and at some point
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
adopted and the problems of
Awesome, awesome, awesome, I like that
security for ERC-20 tokens
warn people so that they know
contains some problems that
can financially damage them
will be careful with this standard
and we can advise people to
a new standard, you will be safer
Okay, let's go to the next one
Okay, hello guys, can you hear me?
Okay, yeah, it's been a great space so far
and also other manipulations
what are your strategies to
and also how do you tend to like address
concern related to your platform
Could you repeat the question
Okay, what are your plans
for mitigating issues like
front running and other manipulation
decentralized exchanges that
possible because the block
where transaction is placed
that are in this block can happen
magic level of protection
front running attacks other than
and other decentralized exchanges
to solve the protocol level problems
Okay, next one is a trend
tactician, you can ask your question
insert the security of user parts
and personal information on
multiple chains? Are there any
specific security measures in
This is my question about security
connected to the processes
that these users have to go
some interactions with the contracts
you don't want to authorize anyone
we are eliminating the need
to authorize third parties
such as contracts to have access
directly and the contract can only
in the scope of this transaction
we are optimizing the process
losing control of the funds
tokens you will still need
work with them in exactly the same
way as you need to work with them
magically solving the problems of ERC20
we are introducing a new standard
educate users, we will tell them
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
nobody has control over it
the ERC20 standard at your own risk
we can't do anything about it
so we are basically optimizing the processes
doing anything new to ERC20
yet again, let me know if the microphone
I just activated for Atlas
Let's try for the next one then
Right, so I just want to 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
is that we need to address
computation heavy problem of smart contracts
for third-party providers
that need to be liquidated
white paper that describes how exactly it is done
in the written form if you really wanted
the management perspective
the hardest challenge is to attract
incentivization campaigns for them
thanks for the opportunity
I wish you success, thanks a lot
I think we can move to the next question
Perfect, let's see who we have next
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
standards, more ecosystems
How do you try to make this really
go mainstream, because I feel your
Can you repeat the question? I really
have hard times listening
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
encapsulates all of that, so maybe you can
reach out to more ecosystems, maybe
through EVM, or through other
building smart contract systems
that will be compatible with
that can run our contracts
we will be just creating a copy
with all the chains as well
still a lot to come, still the
of news to come and the roadmap
and more. For the next question, let's
welcome Alice. You've been
ahead. Ask your question away.
Always remember to unmute yourself
first, but you've been approved as a speaker.
I just want to know, do you have
like another set of programs, and
I just want to know what are the requirements
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?
I got the question this time around.
an ambassador program, so I guess many
people in this Twitter today are interested
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
and go further. Okay, so yes,
our community to help us, but
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
you can simply reach out to
EU Support directly on our website
or as DEX23 said, go directly to
reach out to DEX23 directly
and let him know how you can 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
and let us know how you can
help and we'll work together.
C.K. Jarras, yes, you can go ahead.
Hey, Janice, we can hear you.
actually gain from these collaborations.
EUSupport and let us know, DeXran,
what are your working collaborations for now?
How do you plan collaborations
and partnerships with DEX23
on every chain. As I said
in the beginning that we are going to
deploy on every chain separately
that is a copy of our exchange
on the Ethereum chain that are
allocated for the core team, but on
every other chain, this part
of core team tokens will be
promote us or represent us
We will be basically contacting
them or they will contact us
at some point because we received
a lot of requests recently
these chain-specific tokens
approved then for the next
speaker. You're welcome to go ahead
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
Could you reiterate on your ambassador's
Well, for the ambassador's
programme, I can answer directly.
You're welcome to go ahead on the
how you can help, how you want to help.
You can also reach out to us
partnered with DEX 223 at
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
will be posted again. We've always posted
already in the comments. You're welcome to
go there and figure out how
The question was already answered.
it's a very important question. How do
people get involved with the project?
telegram group and ask the
questions here, but please
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.
me directly, the message can be lost
because I'm receiving a lot of messages
ask it publicly in the channel.
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.
my question will go around
NFTs have differences than that,
some problems occurring on
Do you have any projection,
or it is totally out of the subject?
completely based on ERC-223
the same problems as ERC-20
the standard that we are trying to
what we are trying to build
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
emojis. I guess you're very
question answered. You've been approved as a speaker
unmute yourself and go ahead.
what are your achievements so far?
Also, what's your ultimate
What are you trying to do?
Within the crypto coins market DC?
What are your plans for DC?
What are your plans for DC?
regarding what we already achieved
Do you want to know about
technical development is already
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.
like wallet.calisto.network
improvement proposals. Right now, I'm
working with security closely
this is basically what we
did in the past. And regarding the
infrastructural services for ERC-223
real-time and it's already live
we created the service that
standard tokens to ERC-223
tokens and back from ERC-223
opportunity to use a new standard
some service like CoinMarketCap or
they are using a new standard because they
can always resort to ERC-20
proposal on Ethereum and we implemented
reference user interface for
screenshots and you can find the
currently building the smart
working the process, it's not yet completed
exchange before so basically
it's not the first exchange that I'm building
I have developed smart contracts
refactoring of the old code
investigating our competitors
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
approved as a speaker, you're welcome
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
you've been removed from the proof
you can raise your hand again
wanting to get on for a while
so approving you as a speaker now
thank you Dexter and so far
I've bring out so you have answered
so many questions so far and everything
so I guess whenever I speak I'm really
they can have some transparency about
I would like to add that people
can still ask questions in our
I will go through it and I will
answer, I will try to answer
it when I have the time but I need to
you're welcome everyone to go ask your questions
in the telegram chat of Dexter23
or if you have any questions also
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
from on-platform trades distributed
and equitable sharing system
engage with your platform because I
believe that will add more value
anything new distribution
in order to ensure the transparency
basically distributed through the smart
contract you will have to
as long as they are in this contract
will have no control over it, it will be
automated, it will be performed
still in development, we have two
and it will have a lot of payers
you will be receiving the revenues
USDT, for example, if you want
something with the money that you collect
amount can be quite small
so we are developing smart contracts
deposits the revenue in the form of
USDT or some currency like
this is our first version
everything that it connects
into the revenue contract
case you will have a lot of
you will choose an option to
you want, you will only be able to
claim it at a specific time
but in this case you will not be
you will be receiving just one or
two stable assets like Ethereum or DCT
in development and we are trying to
find the best way to solve the problem
one speaker that has been wanting to
so Sam you have been approved as a speaker
it takes some time, every time
for the approval to get on
go ahead, you are welcome
good evening, thank you so much for inviting
for this amazing experience
I would like to know is your
pre-sale and what you told
latest update or more information about your project
you can track the progress
we have a development section where
we can publish development
reports, they will be updated
I would like to know do you have any
technology to your platform
to integrate any AI in our platform
we can delegate to artificial
intelligence so that it will be performed
it is like algorithm training
I would like to know where we can
on any exchange right now
and we don't have the plans to be listed
the token is listed on some decentralized exchange
we can do nothing about it
we are closing in today for
one more question will be coming
and you're welcome to go ahead
you've been added as a speaker
hey guys, can you hear me?
awesome, thanks DEXU1 for this awesome session
was super interesting and very technical
went really well and all the tokens
if there's already news on
when there's gonna be the official
soon or can you say anything
so we expect it can happen
and initially we were planning
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
so that means people can now
live and we will set the dates
right now you can buy on the
private sale as well and we
so I heard there is another AMA
today where maybe you could
get another bunch of tokens
right now you can get the tokens from
we will probably have more
this is the only official way to get
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
Twitch channel at EU Support
I'll be posting the link as a comment
it's going to start off at 4pm UTC
so an hour and a half from now
you'll have another chance to
to some of the participants
interesting questions and participants
we have picked our winners
private message to contact you
that will be going separately
so again thank you for being all here
you still have another chance
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
on my handle and subscribe
and follow of course if you like this event
and everything that we do to help
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
the giveaway show on again
there were so many questions that it's
not possible to answer everything
written form and I will try to go through
EOS Support, we are a non-profit
organization dedicated to onboarding
DeX223 as a great partner since
they have so much to give
to bring a true decentralized DeX
and everything it enables
so again thank you for coming here today
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 everyone here, so looking ahead
what are the key milestones and developments
basically we are releasing the roadmap
this is the most anticipated
we will be updating the documentation
the prototype version of the
right now because it depends on the
results of the security objects
and we will probably have a competition
when we will deploy the exchange
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
bought the tokens on Ethereum chain
So again, thank you DEX3RAN
for having come to this event
and thank you to everyone that asked the question here today
remember, click on your Synergy
in my account, you'll find the next
AMA that we have planned in an hour and a half
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
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
us in an hour and a half from now
Again, thank you DEX and thank you
everyone here today, you've been great
Take care everyone and see you in the next AMA