Posted 5 months ago | by @devadmin

Today, the Bitsquad hosted an AMA (ask me anything) with Dexkit’s lead developer João Campos and his team. We also gave away $200 in ETH and 5,000 BITT tokens. to some lucky winners. If you missed the AMA but want to recap what questions were asked by Catoshi Nakamoto and the responses of the team, below is a full transcript!

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:14]
Let’s try this again. Welcome, everyone, to the Bitsquad AMA with Dexkit. I am your host, the only cat in crypto, Catoshi Nakamoto. How are you doing today, @jcampos8?

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:15]
Shieldy bot removed your tags, lol

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:15]
I saw it tho

João Campos | dexkit.com, [19.11.20 14:15]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Hi Cat, thanks for Bitsquad hosting AMA with DexKit; we are humble to explain our project to this great community

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:16]
Awesome glad to have you Joao. Sorry about the technical difficulties starting out; our bots kept restricting you. 😉

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:17]
So tell the Bitsquad a bit about your project for those that don’t know what Dexkit is?

João Campos | dexkit.com, [19.11.20 14:17]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Well in short, DexKit plans to be the place to go for average Joe deploy their own Dex, Aggregator and NFT marketplace

João Campos | dexkit.com, [19.11.20 14:18]
We want to power up marketeers, projects, community builders with great tools for them offer great prices for their community and expand their brand and reach

João Campos | dexkit.com, [19.11.20 14:19]
Additionally, we are building next-generation trading tools on our DexKit dashboard for advanced traders get one shop solution for their daily crypto needs

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:19]
Sounds very innovative indeed. Any exclusive features we haven’t seen yet that will be integrated into this model?

João Campos | dexkit.com, [19.11.20 14:21]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Besides users have access to easy wizards to deploy their own apps and check in real time trades and stats. Our DexKit Dashboard will have KIT’s, integrated wallet, place to check stats across Defi protocols, place to trade their favorite token

João Campos | dexkit.com, [19.11.20 14:21]
KIT’s will be like power up’s that advanced traders do multiple tasks at once which normally takes lot of single actions

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:22]
[In reply to João Campos | dexkit.com]
Can you give us an example of such actions?

João Campos | dexkit.com, [19.11.20 14:22]
Things like have only ETH, and want to provide liquidity on ETH-DAI pool. KIT’s will already use that ETH to convert half to DAI and supply directly liquidity all in one step, using the aggregator liquidity

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:23]
[In reply to João Campos | dexkit.com]
Very interesting concept and not something I think we have seen yet. At least I personally haven’t seen it.

João Campos | dexkit.com, [19.11.20 14:23]
Or you have ETH-DAI UNI token and you want to liquidate the pool for USDC, users now need to do multiple actions, with KIT’s can do it all in one action

Strainz, [19.11.20 14:24]
Very Streamlined!

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:24]
So Kits will act as a utility for the entire platform?

João Campos | dexkit.com, [19.11.20 14:24]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Yes, we plan to bring easy of use to DeFi with all our tools, Hence the name Dex Tool(KIt)

João Campos | dexkit.com, [19.11.20 14:26]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our KIT token will be used across all platform, our main priority will be put out our APPs Exchange, Aggregator (already running) and NFT marketplace, and at same time on DexKit dashboard have KIT’s for advanced users do multiple tasks

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:26]
So you have partnered with us here at the Bitsquad to launch the first ever Bitboy backed BITT token. Can you first tell us a bit about this BITT token, and how this will work with KIT as well as any other partnerships you have in the works or finalized?

Carsh Booeyrd, [19.11.20 14:27]
HI Guys, I’m Head of marketing and Community for KIT and working on BITT with our coummunity in the discord LAB

Carsh Booeyrd, [19.11.20 14:29]
The Bitt project was thought up by the core group of Mods and Admin in our amazing Discord server the LAB

Carsh Booeyrd, [19.11.20 14:30]
After Bitsquad partnered with DEXKIT we wanted a way to reward our community for useing the tools that DEXKIT are suppliing to Bitsquad

Carsh Booeyrd, [19.11.20 14:31]
So with the launch of bitswapdex.com , an aggregator for the bitboy community and everyone else of course

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:31]
So Bitsquad will be one of the first communities to integrate Dexkit?

Carsh Booeyrd, [19.11.20 14:32]
We launched BITToken from the LAB and holders of 2500 Bitt will get 90% discount of bitswapdex.com fess!

Carsh Booeyrd, [19.11.20 14:33]
Yes one of the First ! And KIT is so pround to be supplying them with the tools to help them trade well and safe

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:33]
Those interested in the Bitsquad Discord can join here. https://discord.bitboy.live

Strainz, [19.11.20 14:34]
That’s my home! 😉

Carsh Booeyrd, [19.11.20 14:34]
It’s is a PAID server but we are about to open a free channel so please drop by and say hello

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:35]
[In reply to Carsh Booeyrd]
Yeah here at the Bitsquad we have been trying to partner with as many projects as possible to give legitimacy to the crypto industry hence the partnerships with YFDai, DistX, and Dexkit. We want to aid the crypto industry as whole and make things safer for everyone as well as put an end to these rug pull scams.

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:36]
Is there any liquidity locking required by projects using Dexkit to curtail rug pulls?

João Campos | dexkit.com, [19.11.20 14:38]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our goal is to make easy everyone use our platforms to provide best pricing for their community or user base, they only need to hold KIT, we don’t plan to vet projects that will integrate our tools because we are not pre-sale platform, however we can offer tools for projects to lock their liquidity using KIT’s

João Campos | dexkit.com, [19.11.20 14:39]
For instance you have an website that have good reach and wanna offer crypto trading integrated you can use DexKit for that

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:40]
[In reply to João Campos | dexkit.com]
Okay thanks for that answer and yes I think using certain tools requiring projects to lock up liquidity in KIT is a good idea.

João Campos | dexkit.com, [19.11.20 14:42]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
A portion of all affiliate fees are collected for DexKIt for us providing the service, which in turn 70% is returned to our holders in form of staking pools

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:43]
That’s a great place to start about tokenomics. I was going to ask @Crispybb first about BiTT’s tokenomics though then we can come back to KiTs own tokenomics.

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:44]
So @CrispyBB since you created BITT what are its tokenomics?

Carsh Booeyrd, [19.11.20 14:45]
Thanks for the question CAT ,

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:45]
[ 🤨 Sticker ]

BitBoy Crypto, [19.11.20 14:45]
[ 🌜 Sticker ]

Carsh Booeyrd, [19.11.20 14:46]
We decided to has 42mil BITtokens just twice as many as Bitcoin

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:46]
[In reply to BitBoy Crypto]
There’s the monkey on his banana joining us for the AMA stealing the show away from The Cat.

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:46]
[ 😂 Sticker ]

Carsh Booeyrd, [19.11.20 14:47]
As BITT is a community token will will be spreading it around to out community as best we can

Carsh Booeyrd, [19.11.20 14:47]
So airdrops to our discord members

Carsh Booeyrd, [19.11.20 14:48]
We would love to airdrop in here CAT

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:48]
Circling back around to KIT @jcampos8 what are the tokenomics for KIT, you mentioned staking pools earlier are there any other methods like burning implemented within KIT?

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:49]
[In reply to Carsh Booeyrd]
Sounds good Carsh. 😉

Carsh Booeyrd, [19.11.20 14:49]
THe first way to get BITT apart from win 5000 here will be to FARM it with KIT

Carsh Booeyrd, [19.11.20 14:51]
And to those peopel that managed to get Bitboys amazing NFT cards , get ready for an airdrop of BITT

João Campos | dexkit.com, [19.11.20 14:51]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our tokenomics are based solely on unlocking advanced features and distribute the collected fees for ours holders. We are so early that we didn’t planned yet any burn, we prefer instead distributing it using farming. Burn decisions could be decided later using our Governance system when our roadmap fullfilled

João Campos | dexkit.com, [19.11.20 14:52]
So we plan to put out our APPs platforms out by Q1 2021 to start generate more fees and make staking pools monthly to our users earn income in ETH accrued at second

João Campos | dexkit.com, [19.11.20 14:52]
Now we are onboard several huge partners to reach adoption and put our name out

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:53]
[In reply to João Campos | dexkit.com]
So KIT will be released into circulating supply through users farming it? What’s the max supply for KIT, and how many do you see approximately circulating after the end of your sale?

João Campos | dexkit.com, [19.11.20 14:53]
This will be multiplied when we will have a network of multiple affiliates

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:53]
[In reply to João Campos | dexkit.com]
Sounds wonderful any partners besides Bitsquad that you can mention?

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:53]
[In reply to João Campos | dexkit.com]
Most definitely.

João Campos | dexkit.com, [19.11.20 14:54]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
After end of sale we estimate around 1.7/1.8 M, most of supply will be locked as it will be staggered by 3 years

João Campos | dexkit.com, [19.11.20 14:55]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Another notable partner is Somee, which will offer to their 80K users an aggregator powered by DexKit

João Campos | dexkit.com, [19.11.20 14:55]
Their aggregator will offer discount based on users holding Ong, which is their native token

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:56]
That’s my project and Bitboy is an adviser so this seems a bit conflicted. However, any other partners besides SoMee? 😉

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:56]
[In reply to João Campos | dexkit.com]
that’s a very small amount of tokens.

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 14:57]
[In reply to João Campos | dexkit.com]
So basically other projects can do similar things by utilizing your aggregator?

João Campos | dexkit.com, [19.11.20 14:57]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
We had an early adoption from Unilayer, and we plan to bring more big partners in future

João Campos | dexkit.com, [19.11.20 14:58]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our goal, is projects get an easy way to offer their communities an branded aggregator, with token fee program if they like. Projects don’t have the burden to handle aggregator updates as DexKit does that for them and have instantly a stream of revenue that they can offer to their communities

João Campos | dexkit.com, [19.11.20 14:59]
The same model will be applied to the DEX and NFT marketplace

João Campos | dexkit.com, [19.11.20 15:00]
Our aggregators already generated over 500k USD in so short time

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:00]
This all sounds super innovative allowing projects, communities and others to essentially create their own NFT marketplaces and DEX aggregators than apply tokenomics to them. It also allows Dexkit to piggyback off of project’s communities so essentially free marketing.

João Campos | dexkit.com, [19.11.20 15:00]
We are confident that these values will keep multiply

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:01]
[In reply to João Campos | dexkit.com]
That’s incredible news. So how many different DEXes does your aggregator comb for the best price?

João Campos | dexkit.com, [19.11.20 15:02]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Over 15 different sources, the most notable ones: Uniswap, Mooniswap, Kyber, Balancer, Curve, ZRX protocol

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:02]
[In reply to João Campos | dexkit.com]
Any prioritized over the others or based off solely on price?

João Campos | dexkit.com, [19.11.20 15:03]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
The aggregator offers price including gas fees, so is based on price+ethereum gas fees

João Campos | dexkit.com, [19.11.20 15:04]
Besides that the aggregator offers most of the times the exact value it quotes, sometimes Uniswap quotes one price and offers another

Carsh Booeyrd, [19.11.20 15:06]
And Uniswap’s quote does not include Gas fees? in that right @jcampos8

João Campos | dexkit.com, [19.11.20 15:06]
[In reply to Carsh Booeyrd]
Yeah, the quotes that Uniswap offers not include gas fees, the aggregator does include the gas fees when quote the price

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:07]
Is there anything else you want to tell the Bitsquad about Dexkit that we haven’t already touched on?

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:07]
[In reply to João Campos | dexkit.com]
I just have to ask after using Metamask for a transaction to swap, is your aggregator going to charge me $30 for one swap of $1000?

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:07]
lol

João Campos | dexkit.com, [19.11.20 15:08]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Most of planned features are heavily detailed on Litepaper and website. Our Dex will be a great tool for advanced traders place limit orders for free, our Dashboard will have important tools for traders and users do their analytics, and research on ZRX and Uniswap protocol, an integrated Wallet and Defi management system

João Campos | dexkit.com, [19.11.20 15:09]
Our softcap was reach and we proudly will fullfil our roadmap with these important tools for crypto space

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:10]
One more question related to your tokensale than I will open the flood gates of community questions. How quickly was your soft cap reached?

Carsh Booeyrd, [19.11.20 15:10]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
By Holding BITT token when using Bitswapdex.com your fee will be 0.01% ! that’s pretty low

João Campos | dexkit.com, [19.11.20 15:10]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
No, Metamask charges a huge fee of 0.825% it’s their business model, but we don’t need to charge so high fees to offer aggregation service

João Campos | dexkit.com, [19.11.20 15:11]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our Round1 was filled in seconds and we get our softcap in days. We are really proud in this though market reach softcap and we are working to reach hardcap

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:11]
[In reply to João Campos | dexkit.com]
Really the fee is that high? 0.825%? That’s incredible.

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:12]
[In reply to João Campos | dexkit.com]
How long do users have to participate in the sale?

João Campos | dexkit.com, [19.11.20 15:12]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Every project have their business model

João Campos | dexkit.com, [19.11.20 15:12]
[In reply to AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat]
Our sale will finish tomorrow, and BITT farming will start right way to ensure people are incentivized to provide liquidity

AC The SoMee Ceeker Presearcher Hiveian LBRY Bitchute(TUBE) Cat, [19.11.20 15:13]
[In reply to João Campos | dexkit.com]
Awesome I have very rarely been a farmer. But ill throw on my overalls and get my pitchfork out for some BITT tokens.

Carsh Booeyrd, [19.11.20 15:14]
Apart from some AIrdrop and giveaways Farming will be the only way to get BITT for at least 1 month.

Part 2: User question winners who won $40 ETH each total ($200) –

@ELEVATED1212
@Adam Whetzel
@kartika84
@brodzonl
@Zidan30