Dino.exchange x Im Community AMA Recap

10 min readMay 15, 2021

🐋 TELEGRAM AMA: Im Community & Dino.exchange 🐋
⏰ AMA Timing : 12 May 2021 l 12:00 PM UTC l 19:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100 USDT

Bà Tân | : Welcome @dinoceb from Dino.exchange

Bà Tân | : Welcome everyone. Today Im Community will host AMA with Dino.exchange

Bà Tân | : Today our guest is: @dinoceb from Dino.exchange

Bà Tân | : Please introduce yourself a bit: @dinoceb

Cebastian : sure

It’s Cebastian, CEO of Dino.exchange. I have been in crypto for more than five years. We are a fully remote team coming from different countries.

Bà Tân | : Thanks for the introduction.

Today’s AMA will have 3 sessions

Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Dino.exchange

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1392093681495117825).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group Dino.exchange Community (https://t.me/dinoexchange) , Dino.exchange — Announcement (https://t.me/dinoexchangeann) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)

▫️Follow: Twitter Dino.exchange (https://twitter.com/dinoexchange) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://dino.exchange/

Bà Tân | : Those who haven’t joined @dinoexchange group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : Start session 1 AMA @dinoceb

Bà Tân | : Question1. Can you briefly describe what is Dino.exchange ? We would like to know more about it and how it works.

Cebastian : Dino.exchange is an automated market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain with many features that let you earn tokens by yield farming or playing games on our platform.

We want to create an environment where people can do yield farming with sustainably high APR.

Ahrix : @dinoceb Please say “Done” when you have finished the question, thank you.

done!

Bà Tân | : Question2. What are your main features that distinguish you from other projects and what competitive advantages do you have?

Cebastian : Our advantages come with our other features that most of of our competitors do not have, they are:

Dex Aggregator

An algorithm that aggregates different liquidity protocols to discover the most efficient swap for your buy/sell order to maximize the tokens received.

Analytics

A statistical automatic analysis system that assists users in capturing market information.

Portfolio Tracker

All in one — an asset management portal for decentralized finance (Defi) on BSC. Users can log in with their wallets and see all their assets in one place, as well as simple interfaces for making further investments — in yield farming, liquidity mining, or simply diversifying their token holdings.

Games

Provably-fair games run on top of the DeFi ecosystem, such as lottery, dice, and more.

Each game will have a unique mechanism to lock/burn DINO tokens to reduce the circulating token supply.

Binary Option Trading

The first decentralized binary option, in which the platform plays a neutral role. A portion of trading fee will be used to burn and buyback tokens.

Limit Order

Offering the Limit Order functionality for all the DinoExchange users on the platform. It will allow users to fully control their order by buying and selling at a specified price.

Margin Trading

Leveraged and margin trading, also on top of the decentralized order book exchange.

Mobile DApp

Fully functional and responsive mobile DApp for both Android and iOS to ensure 24/7 access to the DinoExchange ecosystem.

Payment Gateway

Integrating the DINO token into payment gateways on iOS and Android for users to make rapid and convenient purchases

Cross-Chain Swap

Cross-chain swap on DinoExchange DEX allows users to swap their cryptocurrencies across popular blockchains, without having to switch between platforms.

done

Bà Tân | : Question3. Can you tell me more and everyone here about services offered by Dino.exchange?

The features that will be ready first are:

Trade

DinoExchange uses an automated market maker (AMM) model — allows digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers.

Farm

Liquidity mining is the best way to make passive income. Liquidity pools are very important for decentralized exchanges, and this is exactly one of the key advantages you will have with Dino.

With Dino, users can do liquidity mining in selected pools so that they can enjoy passive income. While someone provides liquidity for the designated pool he/she earns a Dino token as a reward.

done

Bà Tân | : Question4. Could you please provide some progress on your Roadmap and what results Digital Fitness has achieved so far? And any sneak peek into 2021 plans for Digital Fitness?

Cebastian : Yes. The following is more than just a roadmap. It is a list of major milestones that DinoExchange wants to achieve. We are working to create a solid and transparent financial foundation, with strong calculated financial principles and tools that bring outstanding value to our users.

Decentralized Exchange (AMM)

Yield Farming

Dex Aggregator

Analytics

Portfolio Tracker

Games

Binary Option Trading

Limit Order

Margin Trading

Mobile DApp

Payment Gateway

Cross-Chain Swaps

done

Bà Tân | : End of session 1

Bà Tân | : We will move on to session 2

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1392093681495117825).

Bà Tân | : Rules to follow AMA : ⤵️

▫️Follow: Twitter Dino.exchange (https://twitter.com/dinoexchange) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://dino.exchange/

Bà Tân | : Those who haven’t joined @dinoexchange group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : Question1. @TrueCat777 (https://twitter.com/TrueCat777)

What are the main differences between Dino Exchange and other similar exchange site? Why is Dino Exchange better than these exchange site? What are the benefits of being a user of Dino Exchange?

Cebastian : Farming and staking are becoming increasingly popular in the DeFi ecosystem. While all projects provide the same basic yield mechanisms, the increasing value actually depends on the ecosystem as a whole.

The Dino protocol aims to provide not only idle farming but also real use cases: DeFi products which users can actively participate in (e.g., provably-fair games) and DeFi-enabled ones (e.g., wallet and Dapp browser). Use cases are king.

Besides, APR and exclusive pools will be our competitive advantages. Our tech will ensure the highest APR possible so farmers can enjoy tasty passive income

done

Bà Tân | : Question2.@Diana_4009 (https://twitter.com/Diana_4009)

I am a user in Dino but honestly I am not so satisfy with your service because of high transaction fee especially withdrawal and withdrawal is taking so much time to arrive, so how will you address this kind of problem? Why does your withdrawal fee is so high compared to other?

Cebastian : When you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is broken down as follows:

0.17% — Returned to liquidity pools in the form of a fee reward for liquidity providers.

0.03% — For staking rewards.

the fee amount is not high at all compared to other AMMs. The high transaction fee and speed also affected by Binance Smart Chain network in recent days. They have technical issues. But no worries, it’ll be fixed very soon

done

Bà Tân | : Question3. @TranThuyHa7 (https://twitter.com/TranThuyHa7)

NFTs today are one of the big topics in the Blockchain and DeFi world. Does Dino Exchange plan to introduce itself somehow into the creation of this type of tokens? Do you think it would be possible to mix the concept of lottery with NFTs?

Cebastian : we know NFT is also a trend recently. That’s why we are also developing NFT-integrated protocol to Dino.exchange. We’ll will soon announce more news about this in our channels. Make sure to tuned in for more updates at @dinoexchange.

Twitter.com/dinoexchange

By the way, don’t miss your chance to participate in our public sale at

swap.dino.exchange

done

Bà Tân | : Question4. @ShinPoka9984 (https://twitter.com/ShinPoka9984)

What strategy will you implement to bring non-crypto-natives into your ecosystem? How #Dino (https://twitter.com/hashtag/Dino?src=hashtag_click) keep a balance between developing the technology and also improving the value of your token?

Cebastian : Our user interface is super easy to follow, they are designed and developed to be accessible by both crypto novice and professionals. To improve the value of $DINO, we will keep releasing token use cases so the token will be more valuabledone

done

Bà Tân | : Question5.@Gazianteplyy (https://twitter.com/Gazianteplyy)

Is Dino Exchange easy to use? How can Users with no knowledge about Yield farming/crypto or trading get earns from this project? Do You have a informative material so they can understand You business model?

Cebastian : we already our docs.dino.exchange to educate DINO users. We will keep producing tutorials and guides for users who have zero knowledge can follow. This is one of our guides. All feature will have easy-to-follow tutorial

Bà Tân | : End of session 2

Bà Tân | : We’ll move on to session 3

Sessions 3: The conversation will open to the community questions and the best questions will be selected.

Bà Tân | : Rules to follow AMA : ⤵️

▫️Follow: Twitter Dino.exchange (https://twitter.com/dinoexchange) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://dino.exchange/

Bà Tân | : Those who haven’t joined @dinoexchange group will not be eligible for AMA rewards, make sure you did.

Bà Tân | : Thanks for the questions from the community

Bà Tân | : @dinoceb Pick the 5 best questions and answer it for session 3.

Q1. 🐔🐔 Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

Cebastian : We follow a proven and established convention for token locking. All tokens under a vesting schedule will be stored in timelock contracts. This brings the utmost level of financial security for the project.

we are also working with giants in smart contract auditing, their results will ensure our security. We will also soon announce our strategic partnerships. No big names want to partner with rugpull project, don’t they?

Q2. You mention that you will provide 2% instant rewards, will that be for all $ holders? Or will it only be the ones with a stake? If so, how much is the minimum allowed to stake $?

Cebastian : the rewards will be rewarded to those who contribute to liquidity pools. There’s no minimum amount

Q3. Could you please give us an overview of Tokenomics of native token? Please mention some key areas which investors should consider while choosing Dino exchange?

Cebastian : The tokenomics of DINO can be broken down as follows

Ticker: DINO

Chain: Binance Smart Chain

Contract address: 0xf317932ee2C30fa5d0E14416775977801734812D

Total Supply: 200,000,000 DINO

Emission Rate: 6 DINO / block

Block Reward: Current block reward is 6 DINO

The initial emission rate is 6 DINO per block. And the emission rate will be reduced by 3% every 864,000 blocks (~30 days).

Unlike other yield farms where developers manually reduce emission rates according to their own wishes, our emission rate reduction logic is coded in the smart contract. It will be executed once update Emission Rate is called every 30 days.

This mechanism will greatly reduce the total supply and make our token rarer and help make DINO more valuable to hold.

Q4. What is the role of token in the ecosystem? Where can people currently buy it? what would be its used? Is your platform suitable for Crypto beginners? Or does it only limited for professional users??”

Cebastian : Users are rewarded with DINO tokens for staking their funds on the platform. They can then stake their DINO tokens to earn other types of tokens on special staking pools.

The DINO token can use for participating in community governance where users can vote on decisions relating to the direction or running of DinoExchange.

Holders can also use DINO to participate in different games on the platform and have a chance to win attractive prizes. More token use cases to be updated in the future.

Q5. Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?

Cebastian : Our partnership plans and roadmap both including big marketing/ ventures partners and project partners. With project partners we want to team up to offer our traders the best pool with highest APR

Bà Tân | : Thanks for the useful information from @dinoceb

Bà Tân | : End of session 3

Bà Tân | : For questions that have not been answered today, you can send them to @dinoexchange for answers.

Bà Tân | : Allright, I declare the Im Community AMA with Dino.exchange has ended.

Thanks to @dinoceb | Dino.exchange joined us and provided us with Dino.exchange information, we hope that this knowledge makes us understand more about https://dino.exchange/

To the members, thank you for following this event to the end. winners will be announced soon.

Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .

Cebastian : thank you so much for your attention. Follow us for more updates at @dinoexchange

Dino.exchange x Im Community AMA Recap

Written by IM COMMUNITY