Venue : Crypto SquadX
Date :5 AUG 2021
Time : 02:30 PM UTC.
Guest : Mr. Polydex CEO
He shared detailed information and his opinions about the project POLYDEX.
🔴 SEGMENT 1 INTRODUCTION.
PolyDEX M:
Hey guys, I’m M — CMO of PolyDEX. Pleasure to be here..
We have our CEO @PolyDEX_C here with us too..
PolyC:
Hi Crypto SquadX Community, I’m C from PolyDEX. My pleasure to join the AMA today
Q1. Can you briefly describe what is polyDEX . We would like to know more about it and how it works.?
PolyDEX M:
Sure. PolyDEX is an AMM and yield farm on Polygon, with innovative gamified farming mechanics and wide investment range.
PolyDEX aims to make trading, swapping, farming easily accessible to every users on Polygon. We also work towards an advanced platform for projects to launch their IDO, IFO, with multi-chain approach.
Below is a simple overall picture of our solutions.
Q2: Can you introduce polyDEX, what critical problems does it solve that existing solutions are not solving and what’s the competitive advantage?
PolyC:
We were motivated when there is no similar DEX like Pancakeswap at Polygon, and PolyDEX was launched.
Most of other DEX still have the swap fee pretty high, and we have put in the lowest swap fee of all DEX, only 0.02%.
There has been a high need for IDO, especially cross-chain IDO where buyers can buy at Polygon as well as other chain such as BSC. Our key pillar PolyLAUNCH has been a favourable platform for this, with many successful IDO in the past and in coming future.
We do have many more fascinating features in our roadmap, and will be released soon in near future.
Q3. Could you please elaborate more about your tokenomics?What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
SamCz l PolyDEX:
Our tokenomics is clearly announced and documented at https://docs.polydex.fi/plx-v2-tokenomics .
Please note that PLX is a deflationary token.
Q4. Can you share the achievements the team has made so far ? what are the major achievement target polyDEX is yet to achieve . If possible also share your roadmap ?
PolyDEX M:
Apart from building PolyDEX products and services, we are proud to be able to help 2 projects successfully completed their IDOs during past 2 months. Both IDOs have been sold out quickly with great anticipation and participation from the community. More IDOs are on the way to launch on PolyLAUNCH. We are glad that we could contribute our part to grow Polygon ecosystem.
We have our fair share of ups and downs, but we are greatful to have amazing contribution and support from our Community Management team, our valued Partners, Friends, and especially PolyDEX community as well as IDO projects’.
In terms of Roadmap, you can find more details here: https://docs.polydex.fi/roadmap
Q5: Can you briefly describe your PARTNERSHIPS so far?
PolyC:
As one of the 1st IDO launchpad on Polygon, we are working very closely with all IDO projects that has been launched on PolyLAUNCH. These strategic partnerships bring synergy and strength to all, and we are happy to work with and help them grow.
We have also built good working relationship with other partners like 1inch, FireBird, AnySwap etc.
And most importantly, we are thrilled to receive amazing support from Polygon team themselves, who often give us insights, support and great advices.
🟡 SEGMENT2 TWITTER QUESTIONS.
1) @Aravind75154890
Upon research i understood that PolyDex has a -Type Referral System:
1. Swap Referral Commission
2. PolyFARM Commission
3. PolyHERO Commission
4. PolyLAUNCH Commission
Can you explain each of these referral systems?
PolyC:
Yes, PolyDEX is the 1st platform, and the only so far, that offers a 4-type Referral System under PolyREF. Anyone can invite friends to use PolyDEX and earn Referral Rewards up to 5% of trading fee.
Swap Referral Commission: 5% of trading fee. Invite your friends to use PolyDEX and earn whenever your friends swap.
PolyFARM commission: 2% of rewards earning when your friends harvest their rewards.
PolyHERO commission: 2% of staking rewards
PolyLAUNCH commission: earn upto 2% when you refer someone to buy IDO at PolyLAUNCH
You can see more at https://docs.polydex.fi/products/referrals
In fact, we have a new IDO — TokenPlay — coming up on PolyLAUNCH very soon in 2 days: https://twitter.com/Tokenplay2/status/1422415577667162118?s=20
Don’t miss this chance to earn commission when you refer someone to buy IDO on PolyLAUNCH 😉
2) @honeysurprises
Crypto Squad X AMA is always very educative & knowledge-filled, this one with @PolyDexFi will surely be more wisdom-packed
Question:
Will there be buy backs from the team and burnt to reduce the circulating supply and total supply?
PolyDEX M:
$PLX is a deflationary token, there will be a small fee for every $PLX transaction. Deflation rate is 1.0% per tx
✅ 0.5% distributes to PolyHERO staking pool
✅ 0.2% to add liquidity automatically and locked forever
✅ 0.2% will be burnt from the supply forever
✅ 0.1% to insurance fund
Beside that, PolyDEX also burn 5% fee received from all IDO completed on PolyLAUNCH. As you can see more details here:
👉 https://twitter.com/PolyDexFi/status/1417170440422760498?s=20
👉 https://twitter.com/PolyDexFi/status/1405161099243098115?s=20
3) @Sathicrypto
Partners are very important for every project today, may I know which partners PolyDex have now? and which partners in the future you will be heading to?
PolyDEX M:
Absolutely, as we mentioned briefly above, network of partners will bring us synergy, growth and other important values.
We are fortunate to have found good number of partners who are helping us just that: 1inch, Firebird, AnySwap, etc.
At the same time, we are also in regular contact with Polygon team who has given us many valuable advice, connection and outreach to other members of Polygon family.
4) @Greyhair_08
I hear TokenPlay IDO will launch on PolyLaunch. This is also something the community has been looking forward to recently. Can you share any insights regarding that e.g. the date you’ve chosen or when it might potentially go live, requirements etc ?
PolyC:
Sure, all of our previous IDOs have been highly anticipated by both PolyDEX’s and the project’s community. All IDOs have been completely sold out in about 24 hours.
Everyone now is looking forward to the next one on PolyLAUNCH: TokenPlay which will start in about 2 days: https://twitter.com/Tokenplay2/status/1422415577667162118?s=20
TokenPlay is a NFT & Gaming platform development on Binance Smart Chain and multi-chain. Their vision is to become a hub for the biggest games in the blockchain industry
No specific requirements to participate in TokenPlay IDO (only there is min cap and max cap). Book mark this site for all necessary details on TokenPlay IDO timing https://www.polydex.fi/ido
5) @g76974594
Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
SamCz l PolyDEX:
1.PolyDEX has the lowest swap fee in Polygon, only 0.02%
2. PolyDEX is the first platform with 4 types referral system
3. Our PolyLAUNCH has been a favourite platform for cross-chain IDO, especially NFT gaming project
4. PLX token is a deflationary token.
🟢 SEGMENT 3 TELEGRAM LIVE.
Q1-Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Q2-Congratulations Admin Sir:
can I buy your tokens right now and also which wallet support your token?
SamCz l PolyDEX:
you can buy PLX on our DEX, Polydex.fi. You can use Metamask, Trust Wallet, Midas Wallet, C98 Wallet, Mathwallet….
Q3-Elissa Jabri:
NFTs are undeniably a big deal in the blockchain space right now. There are an increasing number of NFTs being created across a broad range of platforms like music, art, gaming and collectibles. So how is PolyDex’s NFT different from other NFT projects?🔥🔥🔥👍👍❤️🔪
🌹Thanks
PolyC:
PolyDEX is working closely and support many NFT gaming projects. We do have plan to launch the NFT markets and by then we are the platform to support the NFT industry, especially at Polygon.
We do have plan to release certain NFT, it will be different. Stay tuned for our announcement soon.
Q4-Lylibelle:
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
PolyC:
Yes, community is always the most important part. At PolyDEX, beside the Twitter, Telegram, Discord, we do have PolySHARE, a platform setup specially to let community feedback and contribute.
Q5-Miu Iu:
Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?
PolyDEX M:
Absolutely, Ambassadors, Community Leader, active & creative community members are the ones that we are looking for. We’d love to enage with active members from different part of the world, speaking different languages to help us reach out to your local communities. Please contact us if you like PolyDEX and want to grow together with us.
PolyDEX M:
Thank you all again for having us today! We look forward to welcoming you on our PolyDEX channels, as well as our upcoming activities / IDOs on PolyLAUNCH 🚀🚀🚀PolyC:
We would like to thank Crypto SquadX Community. See you at PolyDEX.SamCz l PolyDEX:
Thank all your community
