[ANN] Denex | The Decentralized NFT Exchange

[ASWat]

[ASWat]

Reserved

[ASWat]

Reserved

[JNR]

when i read this docs the total supply is about 1,000,000,000 DNX,
then what is the initial price for this project my friend ? because i can't find the informations about that

[ASWat]

when i read this docs the total supply is about 1,000,000,000 DNX,
then what is the initial price for this project my friend ? because i can't find the informations about that

Hey great question. We will be releasing an expanded whitepaper in a week or so with additional tokenomics information, and info about the structure of the presale. For now I can say will be releasing 10% of the total tokens in the presale, with another 1% going to community members for bounties and initial support. The pre-sale itself will be structured in 4 rounds with the price per token steadily increasing every round. The first round starts at a projected post sale market cap of 300 ETH (if all the pre-sale tokens were sold at that price our market cap would be 300 ETH). For the first round there are 30 ETH of our tokens available, and you will get 333,333 DNX per ETH. That number will go down rapidly, with the fourth round giving approximately 20,000 DNX per ETH. Don't quote me on those exact numbers, because we will adjust to current ETH price at the start of the pre-sale for our USD targets, but that is approximately what it will look like.

[humprydumpry]

Cool, all for decentralization but aren't there already NFT exchanges that does it?

[ASWat]

Cool, all for decentralization but aren't there already NFT exchanges that does it?

Great question! At the moment there are no NFT exchanges that have universal ERC-20 compatibility. They either have ETH as the transacting token, or require you to request token options to their team. Then, they make the centralized decision to let you use a given token.

In addition to dictating what tokens you can use, other platforms require you to lock your NFT into their contracts, and some even go as far as to enable royalties on minted NFTs, but only when listed on their platform. This creates intentional switching barriers forcing you to use their platform, and then centralizes control over the configuration of listing contracts.

On top of locking requirements, they require you to complete an identity verification process to list on their platforms. This lowers the censorship resistance and open nature of the NFT space, and gives them centralized control over who gets to participate in the ecosystem.

On Denex there is universal ERC-20 compatibility, no NFT locking requirements to create a listing, and no verification requirements. Our DNX token will also represent governance, so the decision making will be decentralized. Please feel free to ask more questions if you think of any, and I'll be more than happy to answer!

[Twinkledoe]

With regards to your founding team members, are you going to publish their real photos with corresponding profile links? Since you are aiming a crypto exchange here, it is better to build credibility even at the start of the project. And disclosing the real profiles may somewhat provide trust to the community.

[ASWat]

With regards to your founding team members, are you going to publish their real photos with corresponding profile links? Since you are aiming a crypto exchange here, it is better to build credibility even at the start of the project.

Hey thanks for the question. Brian King is the only one of us three who is anonymous on this project. Steve and I are both transparent with our names, and can be easily found on LinkedIn. To be honest, we just didn't have updated headshots. Otherwise we probably would've put them in  .

[asyakashi]

With regards to your founding team members, are you going to publish their real photos with corresponding profile links? Since you are aiming a crypto exchange here, it is better to build credibility even at the start of the project.

Hey thanks for the question. Brian King is the only one of us three who is anonymous on this project. Steve and I are both transparent with our names, and can be easily found on LinkedIn. To be honest, we just didn't have updated headshots. Otherwise we probably would've put them in  .

It would be better if you publish the DENEX project development team so that the community will really believe, besides that the community can also assess the team's experience in carrying out a project I hope the DENEX team will be more transparent

[ASWat]

With regards to your founding team members, are you going to publish their real photos with corresponding profile links? Since you are aiming a crypto exchange here, it is better to build credibility even at the start of the project.

Hey thanks for the question. Brian King is the only one of us three who is anonymous on this project. Steve and I are both transparent with our names, and can be easily found on LinkedIn. To be honest, we just didn't have updated headshots. Otherwise we probably would've put them in  .

It would be better if you publish the DENEX project development team so that the community will really believe, besides that the community can also assess the team's experience in carrying out a project I hope the DENEX team will be more transparent

Hi asyakashi, if you look above you'll we we have a team section. Identities for myself and Steve can be easily verified. Steve and Brian both have 10+ years of development experience, including smart contract development experience. I, myself, have started and run a B2B software company with hundreds of clients. The only piece of this which isn't 100% transparent is Brian, who can't be public for work reasons, but who will become public as soon as we reach our fundraising goal.

I completely understand the desire for complete transparency, especially with the number of sketchy projects out there. That being said, we are in the 99th percentile in terms of transparency among crypto and blockchain related projects. If you would like to talk to us in person to further verify our identities, please just shoot me a DM! 

[Onika84]

I'm looking for a project that focuses on NFT, as I read that NFT will be the next trend after the DeFi era. Is this platform focused on trading? or have something different.

[ASWat]

I'm looking for a project that focuses on NFT, as I read that NFT will be the next trend after the DeFi era. Is this platform focused on trading? or have something different.

Hey, thanks for the question! Our platform is focused on exchanging NFTs for any ERC-20 token in an open, accessible, and decentralized marketplace setting. I agree that NFTs are the next big thing. I believe that NFTs could actually end up being bigger than the rest of the crypto space, as they could encompass real estate, the automobile industry, insurance, gaming, collectables and artwork.

[ASWat]

Just posted a new blog for anyone interested: https://denexnft.medium.com/decentralization-is-the-only-way-1b8b5e5cb969.

[ASWat]

I think NFT will be real breakthrough in real estate, art, gaming and collectable industries. It can guarantee people more safety I think

I think you're absolutely right. Looking at the potential of the space, it is as large if not larger than DeFi.

[Aquathereum]

Is it though?

[ASWat]

Is it though?

The real estate, automotive, and insurance industries combined are definitely larger than banking.

[ASWat]

We launched our bounty program on Discord today, check it out! https://discord.gg/BpBPzacckw

[Ballerb3]

We launched our bounty program on Discord today, check it out! https://discord.gg/BpBPzacckw

Favorite aspect of this project is that these is universal ERC-20 compatibility. This is a gamer changer for NFT exchanges. Pre-sale will be another part of the beginning to this great project and excited to be apart of it

[twotwoninenine]

I've really enjoyed seeing the conversations around Denex, the team has a lot of enthusiasm for the tech/mission and their vision statement and published docs feel 100% inline with what I think is important in this space: truly decentralized, open, and interoperable token platforms.

As a software engineer just breaking into a crypto, and somebody just getting into making art of my own, the current buzz around NFTs has gotten me hella hyped. Super stoked for what Denex is looking to bring to the table!