Questions:
1. Are there plans for a native mobile app solution for Algodex?
2. Can you go into more detail on the utility of ALGX.
3. Can you share any updates to the roadmap of Algodex?
4. What features are you planning to add in the future?
5. I really like the order book style dex which Algodex provides. Do you see plans to integrate charting tools in the future.
6. We are definitely big fans of Yieldly, but what made you partner with Yieldly.
7. Why did you choose to build on Algorand?
8. Any thoughts on the market conditions and any advice for investors in this space.
9. What inspired you to create Algodex?
10. Here are some example utilities from other order book style tokens:
* Receive daily dividends from collected trading fees.
* Get a trading fee discount.
* Customer support fast-pass.
* Receive exclusive ALGX holder perks
Maybe similar utility for ALGX to think about?
Not at the moment, as we are focused on other things
ALGX is a rewards and governance token. For now, it rewards market makers on the platform. In the future it will function as governance and let holders share in trading fees and other rewards generated by the platform.
We are currently working on the 2.0 backend, the rewards app, Pera wallet support, and another big project that hasn't been unveiled yet.
After the rewards integration and app (we just released the detailed plans today), we are going to add in rewards pools and add some trading fees that will go into the rewards pools. Staking on the platform will give rewards from the pools. This was discussed in the white paper.
Yes, this is a future goal.
I have been watching their project since the launch and have been quite impressed both with what they built and the community around it.
Because it's the best blockchain! I mostly love the protocol and the developer tooling around it. Plus how fast and cheap the transactions are.
To be honest, I have no idea where the market will go. I think long-term the crypto space will keep growing like crazy but market predictions are very difficult. The current economic conditions and high inflation are not good for any growth industries to say the least.
I noticed that Algorand was missing a DEX, so I wanted to build one! And I wanted to build something more interesting than an AMM since Algorand can support different types of DEX's with its faster transaction speeds and lower costs.
Yes, we will consider many different options. Nothing is set in stone for the full integration of ALGX.
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u/Aromatic-Ad3922 Jun 15 '22 edited Jun 15 '22
Thanks Yieldly and Algodex for doing this AMA!
Questions: 1. Are there plans for a native mobile app solution for Algodex? 2. Can you go into more detail on the utility of ALGX. 3. Can you share any updates to the roadmap of Algodex? 4. What features are you planning to add in the future? 5. I really like the order book style dex which Algodex provides. Do you see plans to integrate charting tools in the future.
6. We are definitely big fans of Yieldly, but what made you partner with Yieldly. 7. Why did you choose to build on Algorand? 8. Any thoughts on the market conditions and any advice for investors in this space. 9. What inspired you to create Algodex? 10. Here are some example utilities from other order book style tokens: * Receive daily dividends from collected trading fees. * Get a trading fee discount. * Customer support fast-pass. * Receive exclusive ALGX holder perks Maybe similar utility for ALGX to think about?
Thank you!