.

[Protox.App]

.

[Protox.App]

Reserved

[holydarkness]

Correct me if I'm wrong, but the impression I get after reading your whitepaper is that you're akin to trustwallet-PCS and metamask-Uniswap? Or is there an extra thing that I need to know before I ask further?

[Protox.App]

Correct me if I'm wrong, but the impression I get after reading your whitepaper is that you're akin to trustwallet-PCS and metamask-Uniswap? Or is there an extra thing that I need to know before I ask further?

You can say that we're a binance dex, in binance you find everything you want incuding trading, margin, derivatives, nft, launchpad.
In Protocol X you'll find all those things the only difference is that we're fully decentralized and binance is fully centralized.

[Protox.App]

AMA with Crypto Zyte (06/03/2022)
https://twitter.com/CryptoZyte_News/status/1500116620144168963

[jc12345]

I don't see anything new or revolutionary in your whitepaper. I also don't see anything about your team or any audits that you have done on your contracts. Can you please fix those or if they do exist point us to it?

[Protox.App]

I don't see anything new or revolutionary in your whitepaper. I also don't see anything about your team or any audits that you have done on your contracts. Can you please fix those or if they do exist point us to it?

Security audit will be made after the Token Sale as that we're busy with the launching.
The testnet will come after that.

[holydarkness]

Correct me if I'm wrong, but the impression I get after reading your whitepaper is that you're akin to trustwallet-PCS and metamask-Uniswap? Or is there an extra thing that I need to know before I ask further?

You can say that we're a binance dex, in binance you find everything you want incuding trading, margin, derivatives, nft, launchpad.
In Protocol X you'll find all those things the only difference is that we're fully decentralized and binance is fully centralized.

Sorry, but I ends up getting confused because your explanation is rather not correct. You put yourself in equal to Binance dex, with a difference that you're fully decentrlized and they're not. But inance dex is not cenralized, tey're non-custodial dex --as the name indicate-- where you trade directly with other users using walletconnect or priv key. Am I wrong?

If I may just jump into my questions, as it is rather confirmed that you're indeed --at the very least, if not more-- caters the same service as PCS and their colleague, this is from your whitepaper:



Can you please explain more on these matters, about how those things are still a current problem, with each numbers represents your point on the whitepaper:

1. This problem is solved through PCS and other dexes with infinitesimal fees.
2. Again, solved through dex --PCS, uniswap, and even binance dex-- with their non-custodial nature.
3. If a trader asked about this, then they need to read more about the rule of thumbs in crypto trading: never put your money in an exchange, it's not your money as long a you didn't hold the key, etc. Which... also kinda solved by DEXes ans swapping platform. So what's your point here?
4. Yes, it is possible go get NFT, metaverse, defi space, and even perhaps meme token in one plarform. I cordially invite you to visit the altcoin token section on this forum. Spoiler alert: you'll be surprised.
5. Now, this is a recurring amd currently unsolved situation. But, what's your solution?

As for the section after it, the "solutions" you propose, I'll have to echo what jc12345 said, zi didn't find something new on your solution. Literally all five of them are "features" that's been offered by tons of projects

[Protox.App]

Correct me if I'm wrong, but the impression I get after reading your whitepaper is that you're akin to trustwallet-PCS and metamask-Uniswap? Or is there an extra thing that I need to know before I ask further?

You can say that we're a binance dex, in binance you find everything you want incuding trading, margin, derivatives, nft, launchpad.
In Protocol X you'll find all those things the only difference is that we're fully decentralized and binance is fully centralized.

Sorry, but I ends up getting confused because your explanation is rather not correct. You put yourself in equal to Binance dex, with a difference that you're fully decentrlized and they're not. But inance dex is not cenralized, tey're non-custodial dex --as the name indicate-- where you trade directly with other users using walletconnect or priv key. Am I wrong?

If I may just jump into my questions, as it is rather confirmed that you're indeed --at the very least, if not more-- caters the same service as PCS and their colleague, this is from your whitepaper:



Can you please explain more on these matters, about how those things are still a current problem, with each numbers represents your point on the whitepaper:

1. This problem is solved through PCS and other dexes with infinitesimal fees.
2. Again, solved through dex --PCS, uniswap, and even binance dex-- with their non-custodial nature.
3. If a trader asked about this, then they need to read more about the rule of thumbs in crypto trading: never put your money in an exchange, it's not your money as long a you didn't hold the key, etc. Which... also kinda solved by DEXes ans swapping platform. So what's your point here?
4. Yes, it is possible go get NFT, metaverse, defi space, and even perhaps meme token in one plarform. I cordially invite you to visit the altcoin token section on this forum. Spoiler alert: you'll be surprised.
5. Now, this is a recurring amd currently unsolved situation. But, what's your solution?

As for the section after it, the "solutions" you propose, I'll have to echo what jc12345 said, zi didn't find something new on your solution. Literally all five of them are "features" that's been offered by tons of projects

1. Even if there are many dexes up there, they're still taking a high fee for trading. Including Binance Dex.
2. Most likely solved, but we'll come with more improvements and new releases of contracts. Staying up to date is an important thing.
3. Our point here is that most people are transferring their assets daily from an exchange to another one, because there is no exchange that holds all the needed features.
            - For example Binance is centralized and host most features. Binance Dex decentralized but has only few features that traders need.
            - Our goal is to bring all those features in one decentralized exchange: Spot Trading, Margin & Futures, NFT Marketplace, IDO & NFT Launchpad and finally Metaverse.
              Holding one of those features is easy, but holding all of them in one DEX is hard and that's our Goal.
4. Most projects offer 1 product or a max of 3.
5. Creating a clean decentralized exchange, and studying the whole project before listing it. Because most exchanges don't really care about the if the project is real or scam, they just want the Listing Fee.

[holydarkness]

[...]
If I may just jump into my questions, as it is rather confirmed that you're indeed --at the very least, if not more-- caters the same service as PCS and their colleague, this is from your whitepaper:

[mage snip]

Can you please explain more on these matters, about how those things are still a current problem, with each numbers represents your point on the whitepaper:

1. This problem is solved through PCS and other dexes with infinitesimal fees.
2. Again, solved through dex --PCS, uniswap, and even binance dex-- with their non-custodial nature.
3. If a trader asked about this, then they need to read more about the rule of thumbs in crypto trading: never put your money in an exchange, it's not your money as long a you didn't hold the key, etc. Which... also kinda solved by DEXes ans swapping platform. So what's your point here?
4. Yes, it is possible go get NFT, metaverse, defi space, and even perhaps meme token in one plarform. I cordially invite you to visit the altcoin token section on this forum. Spoiler alert: you'll be surprised.
5. Now, this is a recurring amd currently unsolved situation. But, what's your solution?

As for the section after it, the "solutions" you propose, I'll have to echo what jc12345 said, zi didn't find something new on your solution. Literally all five of them are "features" that's been offered by tons of projects

1. Even if there are many dexes up there, they're still taking a high fee for trading. Including Binance Dex.
2. Most likely solved, but we'll come with more improvements and new releases of contracts. Staying up to date is an important thing.
3. Our point here is that most people are transferring their assets daily from an exchange to another one, because there is no exchange that holds all the needed features.
            - For example Binance is centralized and host most features. Binance Dex decentralized but has only few features that traders need.
            - Our goal is to bring all those features in one decentralized exchange: Spot Trading, Margin & Futures, NFT Marketplace, IDO & NFT Launchpad and finally Metaverse.
              Holding one of those features is easy, but holding all of them in one DEX is hard and that's our Goal.
4. Most projects offer 1 product or a max of 3.
5. Creating a clean decentralized exchange, and studying the whole project before listing it. Because most exchanges don't really care about the if the project is real or scam, they just want the Listing Fee.

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

[Protox.App]

[...]
If I may just jump into my questions, as it is rather confirmed that you're indeed --at the very least, if not more-- caters the same service as PCS and their colleague, this is from your whitepaper:

[mage snip]

Can you please explain more on these matters, about how those things are still a current problem, with each numbers represents your point on the whitepaper:

1. This problem is solved through PCS and other dexes with infinitesimal fees.
2. Again, solved through dex --PCS, uniswap, and even binance dex-- with their non-custodial nature.
3. If a trader asked about this, then they need to read more about the rule of thumbs in crypto trading: never put your money in an exchange, it's not your money as long a you didn't hold the key, etc. Which... also kinda solved by DEXes ans swapping platform. So what's your point here?
4. Yes, it is possible go get NFT, metaverse, defi space, and even perhaps meme token in one plarform. I cordially invite you to visit the altcoin token section on this forum. Spoiler alert: you'll be surprised.
5. Now, this is a recurring amd currently unsolved situation. But, what's your solution?

As for the section after it, the "solutions" you propose, I'll have to echo what jc12345 said, zi didn't find something new on your solution. Literally all five of them are "features" that's been offered by tons of projects

1. Even if there are many dexes up there, they're still taking a high fee for trading. Including Binance Dex.
2. Most likely solved, but we'll come with more improvements and new releases of contracts. Staying up to date is an important thing.
3. Our point here is that most people are transferring their assets daily from an exchange to another one, because there is no exchange that holds all the needed features.
            - For example Binance is centralized and host most features. Binance Dex decentralized but has only few features that traders need.
            - Our goal is to bring all those features in one decentralized exchange: Spot Trading, Margin & Futures, NFT Marketplace, IDO & NFT Launchpad and finally Metaverse.
              Holding one of those features is easy, but holding all of them in one DEX is hard and that's our Goal.
4. Most projects offer 1 product or a max of 3.
5. Creating a clean decentralized exchange, and studying the whole project before listing it. Because most exchanges don't really care about the if the project is real or scam, they just want the Listing Fee.

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

Zero Fee system, how would that work?
We can take our fees from other products such as The Launchpad, NFT Marketplace and The Liquidity Pools.

[holydarkness]

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

Zero Fee system, how would that work?
We can take our fees from other products such as The Launchpad, NFT Marketplace and The Liquidity Pools.

If you could apply this rate, I'll have to admit that it'll be quite appealing and a possible bargaining power against PCS --leave Uniswap from the equation as their erc miners fee is obviously can not be compared here-- however, will this decision impacting other aspects of your platform, e.g. your fees for launchpad, NFT marketplace and LP will be higher than other platforms?

[Protox.App]

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

Zero Fee system, how would that work?
We can take our fees from other products such as The Launchpad, NFT Marketplace and The Liquidity Pools.

If you could apply this rate, I'll have to admit that it'll be quite appealing and a possible bargaining power against PCS --leave Uniswap from the equation as their erc miners fee is obviously can not be compared here-- however, will this decision impacting other aspects of your platform, e.g. your fees for launchpad, NFT marketplace and LP will be higher than other platforms?

If this decision could affect other aspects of our platform we wouldn't do it, it will be the cheapest and the best platform.
Most projects just think about getting rich by either taking high fees or by dumping their team tokens and minting more...
We have a fixed total supply of 100M and we have already locked 50% of the total supply (Proof).

[holydarkness]

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

Zero Fee system, how would that work?
We can take our fees from other products such as The Launchpad, NFT Marketplace and The Liquidity Pools.

If you could apply this rate, I'll have to admit that it'll be quite appealing and a possible bargaining power against PCS --leave Uniswap from the equation as their erc miners fee is obviously can not be compared here-- however, will this decision impacting other aspects of your platform, e.g. your fees for launchpad, NFT marketplace and LP will be higher than other platforms?

If this decision could affect other aspects of our platform we wouldn't do it, it will be the cheapest and the best platform.
Most projects just think about getting rich by either taking high fees or by dumping their team tokens and minting more...
We have a fixed total supply of 100M and we have already locked 50% of the total supply (Proof).

So, in exact number, what's your rate for each of your feature?

And with point number 1 almost cleared, I am adding point 2 and 5 simultaneously as they're within the same topic. What'd you propose, then? For both the improvement in security and the clean DEX.

You're certainly wouldn't be that naive to think that just because you said you're clean and conduct a research before listing a project, your platform will be 100% free of rug-pull projects and that people would be totally assured --especially those with bitter experience of 2018 ICO fever-- that all of the projects you hosted is shady-free? Unless there a guarantee or some other method you propose to ensure this situation?

[Protox.App]

I think I'll take one point by one others to keep the focus steady. So, I'll took my first point and pick up the four others later once the first one cleared up.

Were you referring to gas fee? Because DEX's fee --as I previously said-- is very small. Uniswap and sushi took 0.3% while PCS is 0.25%. Now if you're talking about the gas fee, there's literally nothing a dex platform can do, as this rate is determined by the miners, which again, kinda solved by the emergence of low fee chains like BSC and polygon. With those said, it means the only factor a dex can manipulate is their fee itself, so the question would be: on what rate will your DEX be that you're confident enough you'll appeal traders to use your platform because you "solve" this high fee problem?

Zero Fee system, how would that work?
We can take our fees from other products such as The Launchpad, NFT Marketplace and The Liquidity Pools.

If you could apply this rate, I'll have to admit that it'll be quite appealing and a possible bargaining power against PCS --leave Uniswap from the equation as their erc miners fee is obviously can not be compared here-- however, will this decision impacting other aspects of your platform, e.g. your fees for launchpad, NFT marketplace and LP will be higher than other platforms?

If this decision could affect other aspects of our platform we wouldn't do it, it will be the cheapest and the best platform.
Most projects just think about getting rich by either taking high fees or by dumping their team tokens and minting more...
We have a fixed total supply of 100M and we have already locked 50% of the total supply (Proof).

So, in exact number, what's your rate for each of your feature?

And with point number 1 almost cleared, I am adding point 2 and 5 simultaneously as they're within the same topic. What'd you propose, then? For both the improvement in security and the clean DEX.

You're certainly wouldn't be that naive to think that just because you said you're clean and conduct a research before listing a project, your platform will be 100% free of rug-pull projects and that people would be totally assured --especially those with bitter experience of 2018 ICO fever-- that all of the projects you hosted is shady-free? Unless there a guarantee or some other method you propose to ensure this situation?

We'll hold the funds of the IDO 1month before sending it to the project, to make sure there will be no dumps or we'll send back the funds to the IDO buyers.
Also, we'll make sure the team doesn't have more than 10% of the total supply unlocked, they must lock all unused tokens like we did.
So, even if they dump they'll just dump 15% and we'll know that and stop it. Better than dumping 60% of the supply.

[Protox.App]

There are a lot of trading protocols and it is very difficult for traders to choose the best one.
What features your protocol offer that do not have any other DeFi platforms.

Please explain me more about your advantages.

Protocol X, offers all Binance features just as being decentralized including (Spot and Margin trading, Derivatives, Launchpad, NFT Marketplace and Metaverse).

There are many benifits of the Protocol X Platform and PX Tokens i will tell some of them:
- Decentralized Trading & Margin and futures.
- Fast buy & sell, you don't have to wait for deposit confirmations or the approval of withdraw.
- No registration and no need to provide any informations (KYC).

Benifits of holding PX Tokens:
- Launchpad subscription
- Staking and Farming rewards
- Airdrops
- Exclusive NFTs from Protocol X to holders

[holydarkness]

So, in exact number, what's your rate for each of your feature?

And with point number 1 almost cleared, I am adding point 2 and 5 simultaneously as they're within the same topic. What'd you propose, then? For both the improvement in security and the clean DEX.

You're certainly wouldn't be that naive to think that just because you said you're clean and conduct a research before listing a project, your platform will be 100% free of rug-pull projects and that people would be totally assured --especially those with bitter experience of 2018 ICO fever-- that all of the projects you hosted is shady-free? Unless there a guarantee or some other method you propose to ensure this situation?

We'll hold the funds of the IDO 1month before sending it to the project, to make sure there will be no dumps or we'll send back the funds to the IDO buyers.
Also, we'll make sure the team doesn't have more than 10% of the total supply unlocked, they must lock all unused tokens like we did.
So, even if they dump they'll just dump 15% and we'll know that and stop it. Better than dumping 60% of the supply.

You missed my question about the exact fees rate for each of your feature.

For 2 and 5, if you hold the IDO for 1 month, wouldn't it delays the development for funds that require the IDO fund to proceed with their milestones, and with the thing delayed for 1 month, we couldn't be sure if the project is scam or not, given they couldn't come with any result

[Protox.App]

So, in exact number, what's your rate for each of your feature?

And with point number 1 almost cleared, I am adding point 2 and 5 simultaneously as they're within the same topic. What'd you propose, then? For both the improvement in security and the clean DEX.

You're certainly wouldn't be that naive to think that just because you said you're clean and conduct a research before listing a project, your platform will be 100% free of rug-pull projects and that people would be totally assured --especially those with bitter experience of 2018 ICO fever-- that all of the projects you hosted is shady-free? Unless there a guarantee or some other method you propose to ensure this situation?

We'll hold the funds of the IDO 1month before sending it to the project, to make sure there will be no dumps or we'll send back the funds to the IDO buyers.
Also, we'll make sure the team doesn't have more than 10% of the total supply unlocked, they must lock all unused tokens like we did.
So, even if they dump they'll just dump 15% and we'll know that and stop it. Better than dumping 60% of the supply.

You missed my question about the exact fees rate for each of your feature.

For 2 and 5, if you hold the IDO for 1 month, wouldn't it delays the development for funds that require the IDO fund to proceed with their milestones, and with the thing delayed for 1 month, we couldn't be sure if the project is scam or not, given they couldn't come with any result

We'll share all that when the dex goes for the public testnet...

[Protox.App]

Private Sale Started!

[holydarkness]

You missed my question about the exact fees rate for each of your feature.

For 2 and 5, if you hold the IDO for 1 month, wouldn't it delays the development for funds that require the IDO fund to proceed with their milestones, and with the thing delayed for 1 month, we couldn't be sure if the project is scam or not, given they couldn't come with any result

We'll share all that when the dex goes for the public testnet...

Private Sale Started!

Wait... So you're planning to withheld such crucial information that'll help people determine the profitability --well, possible profitability-- of your project and what they'll get upon investing on you, and decide to let them join private sale --and possibility latter, suppose the info is still not made public during public sale-- based on faith?

I am failed to see the logical reason or the benefits of withholding such info if those information is ready and available --you have those details on your initial concept, right?-- as those info can be really helpful for investors to estimate your project.