Inter C and Inter M, Marketing Lead and Project Lead respectively at KryptoDex, dropped by to talk to BugzKG about the exciting stuff they have been working on and to take some questions from the community. To celebrate the AMA, five members from our community who took part in the question-and-answer segment at the end were selected to win $50 BUSD each, totaling $250!
If you would like more information about KryptoDex, please visit their website at https://www.kryptodex.org/ and their Twitter at http://twitter.com/kryptodex.
BugzKG: Hello everyone! Welcome to our AMA with KryptoDex! I’m joined here today by @InterDeFiorg and @InterDefi_C! Thanks for being here!
Inter M: Hello everyone
Inter C: Hi, I am C from KryptoDEX. Thanks for having us today
BugzKG: Before we get into the interview, I want to let our audience know that during the interview they are muted, but we will open the chat up for questions after. There is $250 being given away to the top 5 questions, $50 each! Please pay attention and come up with great questions for the project!
Let’s begin the interview. Can you introduce yourselves to our tg members?
Inter M: Hi all, I’m M, taking care of Marketing and Partnerships at KryptoDEX.org . Pleasure to be here.
Inter C: Hi, I am C as mentioned above. I am Proj Lead. Glad to be here
BugzKG: Can you tell us about your project? KryptoDex sounds so interesting. Assume we know nothing please.
Inter C: Sure, KryptoDEX is an important pillar of InterDeFi ecosystem where we offer a suite of defi products, from AMM DEX, Aggregator, Farms, Launchpad to Vaults and NFT marketplace.
We started with PolyDEX on Polygon in May 2021, then introduced CeloDEX on Celo and KryptoDEX on Cronos in November.
BugzKG: Why did you decide to launch on Cronos?
Inter M: As the blockchain space moves forward and evolves so quickly with Web3, NFT, metaverse, etc, we know a multichain world is inevitable. That’s why we built InterDeFi with multichain & cross-chain approach right from the start.
You can always find more details in our blog here: https://link.medium.com/lguoNI0wplb
After successfully launched our products on Polygon with PolyDEX.fi and Celo with CeloDEX.org, we think now is the right time to expand to Cronos, especially with amazing progress and lots of excitments happening in Crypto.com ecosystem.
And well, you know NOW is always the best time to embrace the moment and commit. Because, as the Roman intrepids have whispered for thousand years, Fortune favours the Brave!
BugzKG: Absolutely! Expanding to new blockchains allow you to keep up or stay ahead of everything in the crypto space. 😊
Can you explain the features and benefits of KryptoDex?
Inter C: These are KryptoDEX’s Key Features which are battle-tested and proven with track record from PolyDEX on Polygon and CeloDEX on Celo:
- KryptoDEX AMM + Aggregator: Lowest slippage, best possible rate for traders and maximized trading fees earning for liquidity providers.
- KryptoVAULT: Automatic high compounding interest rates on users liquidity.
- KryptoLAUNCH: Decentralized multi-chain fundraising platform.
- KryptoREF: The most advanced 3 type Referral system in DeFi
- KryptoBRIDGE: InterDeFi
In short, KryptoDEX is powered by InterDeFi with many winning components: a DEX and AMM that give users the best return, a launchpad with great IDO track record, a NFT marketplace, unique 3-type referral system and more.
BugzKG: Wow! So many features!! Love it! Tell me more about your 3-type referral system. I haven’t heard of anything like that before.
Inter M: Sure, we are aiming to make KryptoREF the most advanced referral programme in DeFi.
Everyone can earn $CRX commission reward for your referrals’ KryptoLAUNCH purchase; and up to 5% of their profit from KryptoFARM and KryptoHERO.
- ✅ KryptoFARM commission: 2% of rewards earned when your friends harvest their rewards.
- ✅ KryptoHERO commission: 2% of staking rewards
- ✅ KryptoLAUNCH commission: earn upto 2% when you refer someone to buy IDO at KryptoLAUNCH.
Check out https://www.kryptodex.org/referral and https://docs.kryptodex.org/products/kryptoref now frens..
BugzKG: Amazing! Love that system! Can you explain your $KRX tokenomics with us? How does one acquire $KRX?
Inter C: To help attract liquidity providers as well as building initial liquidity, KryptoDEX will incentivize through the distribution of the platform share token over the period of one year.
- Our token ticker: KryptoDEX ($KRX)
- Token Contract : 0xF0681BB7088Ac68A62909929554Aa22ad89a21fB
- Maximum Supply : 100,000,000
In general, our distribution allocation is as following:
- Distribution allocation
- Developer Fund : 10% | 10,000,000 $KRX
- Marketing Fund : 10% | 10,000,000 $KRX
- Treasury : 5% | 5,000,000 $KRX
- Airdrop to PLX and CLX holders : 1% | 1,000,000 $KRX
- Liquidity Incentives (Farming + NFT Farming) : 53.5% | 53,500,000 $KRX
- Vault Incentives : 20% | 20,000,000 $KRX
- Initial Liquidity : 0.5% | 500,000 $KRX
You can always refer back here https://docs.kryptodex.org/introduction/tokenomics
BugzKG: Security is important to token holders. How will you ensure your project is safe to invest in? Any audits in the works? Or future audits?
Inter M: Sure, project safety and user security & privacy are always our top priority, as they are for any other crypto project. Our code is based on battle-tested PancakeSwap and has been audited again by TechRate.
We are also working with other audit firms to make sure other aspects of our platform are safe and secured. We welcome all feedback and support from pulbic & community to ensure safety & security of KryptoDEX are always protected at highest standard.
BugzKG: What are your future goals for KryptoDex? Anything exciting down the pipeline?
Inter C: KryptoVAULT will be launched very soon. We are in the very final stage of testing.
- KryptoLAUNCH platform is ready. We are in talks with multiple projects and will announce when ready.
- KryptoGAME, in partnership with our partner OWL game, will also be launched soon too.
And there will be more features to be introduced along the way. Can’t wait to share more with you in the near future. Stay tuned for our announcements.
BugzKG: The game sounds really interesting. Can’t wait for more updates down the road. 😊
Can you share your socials so others know where to find you?
Inter M: Sure, you can find latest info on InterDeFi ecosystem here
Our press releases & Media:
- https://zycrypto.com/interdefi-joins-the-cronos-and-crypto-com-ecosystem-with kryptodex/
- https://www.investing.com/news/cryptocurrency-news/kryptodex-is coming-to-cronos-2686861
BugzKG: Check them out guys!!! Finally, is there anything else you want to share with our community before we start the question portion of our AMA?
Inter M: Can’t wait to welcome you all to KryptoDEX community
BugzKG: Okay I am now going to unmute the chat for a few minutes and give the community a chance to ask questions. After that time is up, @InterDeFiorg @InterDefi_C please go ahead and choose 5 questions to answer. Take your time. We ask that you add a 🧩 emoji to your question to avoid bots. The 5 winning questions will receive $50 each. 🤯 @InterDeFiorg @InterDefi_C are you ready?
Inter M: Yes we are!
BugzKG: Unmuting chat now! 🧩
Community Question #1
J. Marin: How does KryptoDEX feel working with aspects like DeFi + GameFI & NFT? Could these three aspects increase the advantage over other projects and help to have more partners who bring more innovation to the KryptoDEX ecosystem in the future?🙂a🧩
Inter M: Of course we welcome all projects who want to build mutually beneficial partnerships with KryptoDEX, including DeFi, GameFi, NFT or metaverse. These acually are areas where growth is right now. In the past we have worked with many GameFi projects and help them launched on Polygon via PolyLAUNCH – PolyDEX.fi’s launchpad. And we are doing the same with KryptoLAUNCH on Cronos. Please reach out to us if you’d like to build and launch on this exciting ecosystem.
Community Question #2
kohino❓ Bakkal: So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Inter M: As C mentioned above: Our next immediate plan is to launch KryptoVAULT. We are in final stage of testing.
- KryptoLAUNCH is also ready and will be rolling out soon.
- KryptoGAME, in partnership with our partner OWL game, will also be introduced shortly.
- Please watch this space for our latest news: t.me/InterDeFiAnnouncement
Community Question #3
Vennus Investor: How did you build an ecosystem of users, partners, and content creators, bringing best-in-class digital services to emerging markets? 🧩
Inter C: Community is always the most important factor for any project, including KryptoDEX. And yes, we do have ambassador program. Please feel free to contact any of our admin to discuss further. Thanks a lot 🤗
Community Question #4
Dilan Parung ✓ 🔺: your project looks like biswap dex on BSC network it has 3 types of system and yes low swap fee too. is your project inspired by biswap dex?
Inter C: The difference is we are the first one have the ref system onchain. And we have multi-routing, aggregator, so we are able to bring the best return to our users
Community Question #5
Lylelrizarry: What makes #KryptoDEX to stand out among all present DEX in Market
Inter C: First of all, we are the very first Aggregator with our DEX at Cronos. Welcome to use our platform to get the best return for your swap.
BugzKG: So many questions. Looks like 5 were chosen! Thank you so much @InterDeFiorg @InterDefi_C for taking time out of your day to tell us about your project! Multi chain projects are always interesting to hear about.
The recap will be posted un a couple of days! Feel free to stick around and answer any more questions if you’d like! Or if anyone wants to go over to their TG or other socials, I’m sure they’ll love to chat. It might be late there too, regardless have a great day/night! 😊
Inter M: Thanks again for having us. Such a pleasure!
Inter C: Thank you very much!
BugzKG: Thank you everyone for attending our AMA! I hope you all learned something new! Have a great day/night! 🧩 I will unmute chat now.