We’re pleased to announce our #AMA with @Dechart .
🗓 DATE : 10th May 2021
⏰ TIME : 6 PM UTC
🏠 VENUE : @thecryptostalkers
Guest: Dechart DAO
INTRODUCTION
Q1. Before we start our AMA fully, Our Community will love to know about pitch deck of Dechart and about yourself how long you’ve been in this field?
Ans:
We don’t currently have a pitch deck but you can read our litepaper here, all the same details without the flashy colors.
https://docs.dechart.io/dechart-litepaper-ea1163f9292f
Our team has a very diverse set of experience, we have over 100 years combined in tech. You have likely seen or used one of our products in this space before. We have been working together building products for near 10 years together now.
Q2: There are so many chart providing platform like Poocoin, bogged finance etc. What makes Dechart different from others? 🤔
Ans:
DeChart is a trading platform. We will support all DEXs, all protocols and will have the fastest most reliable data from our state history nodes and proprietary architecture. The BSC state history node will be the first online and is still syncing (will be done in approx. 15 days), we are still using a 3rd party API for the time being to produce charting data. When we switch over you will immediately notice the difference in load time and reactivity. We may even be able to have 1 second candlesticks, which is something no charting platform for DEXs has. We will launch nodes on each supported protocol to get our data directly from the source 😄
We feel confident in our strategy and are ahead of timeline, we are keeping aspects of several key features undisclosed to protect intellectual property and value of those features. There are several competitors vying for market share in this space, this will also protect the DeChart DAO.
Our product is based off Bloomberg Live (https://www.bloomberg.com/live/us) and thinkorswim (https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.html) (check these out to see where we want to go), there is a ton coming to the platform and we will continue to improve and add to v1.
We are happy to be out of stealth and to have v1.0 live, this is the very beginning.
Yes an all-in-one dashboard that supports existing DeFi exchange platforms and protocols so that users can do what need to in one intuitive dashboard. We are launching a mobile app and desktop app that will support more extensive features later this year.
Q3: What will be the utility of $DCH tokens? I mean do you have staking plans to let investors to hold their tokens?
Ans:
There will be many premium platform features exclusive to DCH holders, staking benefits are as follows.
1) an initial staking pool that benefits early holders most,
2) long term staking via rewards from the DCH community treasury (which recieves 100% of DeChart revenues forever), and
3) participation in governance (vote to reward, burn, add new features) using tokens as voting power.
There is more coming for DCH token holders, but that's all I can share for now.
Q4: Product has real usecase, Audited already do you think Presale hardcap is too much? 5000 bnb?
Ans:
We are here for the long haul.
The sales purpose is to ensure the longevity of the DeChart DAO, guarantee the development timeline and support the DCH token in relation to it's competition.
That’s going to different contractors, compute, enterprise api subscriptions, new features, the addition of most popular DEXs/protocols and advertising/organic marketing content and everything else that goes into building this platform to it’s full potential. It is unrealistic to think that the development team of the DAO should be responsible for covering cost for 100% of platform buildout for all stages, we have all invested already whether that be with time or capital. This is a DAO, we are a function of the organization and will build what is in the timeline when the sale closes.
A large sale not only ensures the above, but also prevents whale abuse with a wider distribution and proper function of governance mechanisms.
Q5: Can you introduce simple basic steps to participate in presale for our Community?
Ans:
Here is a guide we prepared for users
The presale is available here: https://unicrypt.network/amm/pancakev2/ilo/0xE436373f53A4011b83c86AC31b38EA218eBaD165
TWITTER QUESTIONS.
Q6: Can you tell about your listing plans?Specially the ones involving major exchanges, CEX and DEX. What types Partnerships you are looking for and what values would they bring?
Ans:
We are listing on PancakeSwap approximately 1 hour after the launch of DCH. We have reserved liquidity for cross-chain utility and future any exchanges. We are watching layer 2 solutions closely and plan to list on more exchanges gradually after launch. We are looking for complimentary partnerships that uplift the DeChart community and accelerate the development / enhancement of our products. There are several protocols and companies that have reached out regarding partnerships already.
Q7: Could you tell me a little bit about Your roadmap going forward, how do you plan onboarding users and gaining more adoption for Your project ?. What would we expect in the future?
Ans:
We have a robust and multi-staged marketing mix that will support the DeChart DAO’s platform growth for years into the future. We will be bringing more users into our community with marketing at a growing rate as we roll out improvements to the platform. We are still early, and after all, you only get one first impression, marketing should not be scaled to max all at once.
Q8: Investors are afraid to invest a new project because of so many rug pull and exit scam. How can you sure that there will be no chance of scam and I will be profitable?
Ans:
No plan to doxx. This is a DAO, the development team is a function of the organization. The point of decentralization is not so that you have to believe in or trust an idol. There have been countless projects and ico’s that exitscammed with linkedins, it doesn’t truly change anything but how you feel. We received an investment from Pangea Research, the research arm of pangeablockchain.ch, have been audited by CertiK.org and performed KYC with Unicrypt’s partner PassorFail.
We have a diverse set of experience on the team, like I said most of us are developers and have a wide range of experience. Members of our team went to Harvard and are original EOS contributors, we have built many products you likely may have used or heard of in the past several years. Some of our team were behind the development of blockfolio.
Q9: How can we buy your tokens in pre-sale and if you failed to complete your hardcap Are you going to list your token directly or you have other plans for it?
Ans:
Our presale is live now at https://unicrypt.network/amm/pancakev2/ilo/0xE436373f53A4011b83c86AC31b38EA218eBaD165.
If we do not meet our soft cap there will be an announcement related to the presale immediately after the sale ends. The DCH token will most likely go live by the end of this week.
We will not list the token directly after the sale. We have set plans in place that are designed to do best by the DCH community and protect holders from whale abuse by ensuring a wide distribution of the tokens. This has always been paramount for us.
Q10: After pre-sale what will you do with remaining unsold tokens of presale ? Which will be the first exchange on which you will list your tokens?
Ans:
Any remaining unsold tokens from the presale will be burnt, we will list on PancakeSwap first with more exchanges to follow over the course of this year.
LIVE AMA QUESTIONS.
Q1. Smavia Talib:
@@dechartio
What’s the LOCKED liquidity %?
What happen if the presale not reach the cap? Presale fail? Bnb returned in instant?
Ans:
40% of the presale will be automatically locked via Unicrypt Locker until May 13th of 2022. It is important to note that in order for users to participate in staking, they will need to stake DCH BNB CAKE LP Tokens to receive rewards.
Q2.Ram:
@dechartioIn the litepaper it Mentioned in Q3 DECHART will support Polygon what means that ?
Is DECHART going to support multichain Project coins? Why only Mentioned these one? Is dot,sol and other trending chains can be supported as well ?
Ans:
Yes we will add all popular dexs and protocols, Dot and Sol will be supported among many others.
Q3.Ana Biya:
@dechartioWhat Marketing strategy would you apply to get in better communication with non-English communities and those that are not familiar with crypro?
Ans:
Our team member @dch_edmund speaks english, french, spanish, italian and german. Let us know if you have any suggestions, we are always open to hearing community input - in any language!
Q4.😍😍:
@dechartio Have you any plan for stacking or burning tokens of it would be necessary to maintain the ecosystem?
Ans:
DCH governance allows for users to vote for the burn of community treasury funds when monthly emissions occur.
Q5.BATMAN 🔥🔥:
I love Hackethon and it’s healthy for both community and for project itself. Do you have plan to involve community developers and run a Hackethon program?
Ans:
This is an interesting idea, I think it would be a great to run a bug bounty/hackathon for app.dechart.io.
CONCLUSION
Thankyou @dechartio For your precious time Crypto Stalkers wish you success in Dechart Presale and its growth. Although we will love to propose you some partnerships :)
If you have any Questions about Dechart please join their telegram channel 👇
https://t.me/dechart
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