Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Dino Exchange on April 14, 2021. This guest star,
- Cebastian — CEO
Could you tell us what is Dino Exchange? Why did you choose this name?
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.
We choose “DINO” because our aim is to be a giant leading a new age of DeFi on Binance Smart Chain
Why Dino Exchange choose to use the Binance Smart Chain (BSC) network?
Our plans and goals align with Binance Smart Chain very well because of its low fee and fast transaction speed. Traders can save lots of money trading, farming on BSC, unlike ETH and other chains
How do you assure us of the benefits, safety and transparency of Dino Exchange? How can you be the best solution than any other platform?
Our team is constantly working to expand our platform and make sure we provide even more value to our supporters. We are here to stay.
Security is vital to us. We are in the process of submitting audit with a trusted firm. More information about this will be updated soon
Regarding the Dino Exchange ecosystem and the usability of $DINO, how can you balance between developing your project and adding value to your product? Can you explain the tokenomics of the $DINO?
The tokenomics of DINO can be broken down as follows
Contract address: To be updated
Chain: Binance Smart Chain
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.
Can you please tell us the current Dino Exchange roadmap? How far has Dino Exchange been developed at this time? and what will you realize in the future?
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)
Binary Option Trading
After IDO Dino is finished, what are the next plans? Will there be a public sale or will it be listed on exchange? What are your challenges in crypto market today?
we are currently holding a whitelist event here:
after IDO we will have public sale, on April 19th, on our platform Dino.exchange
challenges are within us. We are trying our best to out perform ourselves everyday
How does the DINO work mechanism so that the supply of tokens is locked / burned in every DeFi game such as Lottery or dice can stabilize the price and supply of tokens circulation?
yes we do have a Coin Burn / BuyBack system, we are developing Token Burn plans to increase the value of tokens and attract investors to participate in investments. We will soon announce more about this soon.
How will the DINO project convince its investors that it’s safe and no rugpull? because I don’t see third party liquidity locked? Have you added the timelock?
we are 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?
Every new DeFi project always offers about Farming & Staking, how is Dino Exchange able to compete? offer investors an advantage in this program? How is it different from staking from other platforms? How much is the APR given?
our APR and exclusive pools will be our competitive advantages. Our tech will ensure the highest APR possible so farmers can enjoy tasty passive income
Do you have plans to partner with other projects in the near future? or are you still focused on IDO and developing the DINO EXCHANGE ecosystem? If you choose, which partner do you think is the most suitable for DINO EXCHANGE?
yes we do. 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
Q1. From @KingKong136
Your team in anon but what kind of experience do you have and can you tell us where your based?
I have been in crypto for more than five years. We are a fully remote team coming from different countries. The majority of the team are based in Dubai though.
Q2. From @bal1376
Tell me its 3 unique features that your competitor doesn’t have? How will people attract toward Your project?
we are in development for these features that many other platforms do not have:
Binary Option Trading
Q3. From @uraghura
What makes you feel confident about the survival & sustainable success of Your project in the near future?
we have strong road map and backers, for more updates pls follow our social channel for more updates:
Don’t miss the chance to take part in our whitelist with potential Multiple:
Q4. From @kimchien
Which areas are your team focusing on at the moment? (DeFi, Stake,Dapps..) and what is your goals in this year?
we are focusing on our AMM and farming protocol
Q5. From @khaiphongchieu
NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap? create values, not create TREND !
yes we do have plans to integrate NFT into our platform, and team up with NFT projects also!
- Telegram : http://t.me/dinoexchange
- Telegram Channel : http://t.me/dinoexchangeann
- Twitter : http://twitter.com/dinoexchange
- Website : https://dino.exchange
- Medium : http://medium.com/@dinoexchange
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Dino Exchange.
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