AMA Recap: UrDEX x Infinite Launch

Admin

Apr 21, 2023 • 15 min read

We would like to express our gratitude towards those who joined the AMA on 19th Apr 2023 in the Infinite Launch Telegram group. We appreciate all your support. This is a recap of the entire session, in case you missed it!

Our AMA with UrDEX comprises of 3 main sections:

1. 5 basic questions from the host to give a brief introduction about the project.

2. 5 questions from community members on Twitter.

3. Live AMA: 5 random questions from our community.

1st Segment: QUESTIONS FROM HOST

Q1. Could you please tell us a little bit about yourself and your team? What are your past experiences?

Hello, today I am so delighted to join the AMA with Infinite Launch community. First, let me introduce a bit about myself and our promising project that has been built on the Arbitrum chain and is ready to be launched.

I am Maya - BD of UrDEX Finance. I have 7 years of experience in cryptocurrency and financial services. More than 5 years of experience in Community Management for big global communities.

About UrDEX Finance, it is a community-driven project that aims to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way. It offers a comprehensive range of products and services, in which the three products we focus on the most are: an Aggregator, a Perp DEX, and a Launchpad.

UrDEX's unique approach is that it intertwines many decentralized markets and instruments, creating a broader range of network effects.

🌟 Some core features that make UrDEX stand out from other DEXs:

- Fully Decentralized and Non-Custodial

- Real yield

- Zero Price Impact Trades powered by Chainlink oracles

- Programmatic Risk Management

- Innovative liquidity solution

- Fair Launch and DAO-Driven

- Launchpad

- Loyalty Incentives

- Strategic partners Pool

UrDEX's partners include: Space ID, ParaSwap, Mises Browser, PERI Finance, Parami Protocol, xHashtag, TrantorDAO, HatsFinance, ArbitrumNewsDAO, Puffverse, BSCStation, InfiniteLaunch and many other KOLs, community channels, etc.

Currently, UrDEX Finance has multi-IDO plans on the following platforms: BSC Station, InfiniteLaunch, UrDEX Launchpad, RazrFi and Branpad.

More details about our listing events on DEX and CEX will be revealed soon. Please stay tuned and get the latest updates from our official socials:

🌐Website: http://urdex.finance/

📜Documentation: https://docs.urdex.finance

🐦Twitter: https://twitter.com/UrDEX_Finance

📺Telegram: https://t.me/urdexfinance

💿Discord: https://discord.gg/urdexfinance

📙Substack: https://urdexfinance.substack.com/

Q2. Let’s give the audience a brief description of what UrDex is? How did you come up with the idea of UrDEX? Is it influenced by any special moment or story?

Over the past 10-month period, the total trading volume of decentralized derivatives exchanges (DEXs) witnessed a rise to $478B. According to the current market development trend, the market size of decentralized exchanges is expected to increase by more than 10 times within a year.

Despite the increasingly widespread use and interest of the community, DEXs are facing some main problems regarding insufficient liquidity, high transaction costs, low product usability, and poor function richness.

Realizing the major challenges that most DEXs are facing, today we are proud to introduce UrDEX - a community-driven project that aims to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way. The project offers a comprehensive range of products and services, including a decentralized exchange, a Decentralized Perpetual Exchange, yield instruments, an AMM framework and staking, and a Launchpad.

We have been working continuously toward our ultimate goal, which is to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way. UrDEX is committed to deploying its unique approach to intertwine many decentralized markets and instruments, thereby creating a broader range of network effects.

Q3. Could you share with us the current development stage of UrDEX?

We would like to inform you that the testnet version of UrDEX will be closed as we move to the UrDEX mainnet. We have thoroughly tested our platform and received tons of positive feedback from our dedicated community.

We are thrilled to announce the Mainnet Launch of UrDEX Aggregator, a cutting-edge product that will revolutionize the way you swap your favorite tokens. With UrDEX Aggregator, you can optimize slippage, swap fees, and token prices to get better token swap rates than ever before. Our aggregator offers the unique advantage of providing users with better swap rates than any specific DEX can offer in the shortest possible time. You can rest assured that your transactions will be protected from price impact and the probability of failed transactions will significantly reduce.

👉 Try out UrDEX Aggregator at: https://app.urdex.finance/aggregator

Q4. What are the competitive advantages of UrDEX compared to its competitors? How do you plan to differentiate UrDEX?

The rapid development of the DeFi sector has led to the explosion of new Decentralized Exchanges. However, UrDEX has a significant competitive advantage with its unique features and an extensive network with other DeFi companies to set us apart from others, including:

1. Decentralized Trading

UrDEX is a fully decentralized and non-custodial platform, ensuring a truly decentralized trading experience. Users retain full control of their assets, and trades are executed via smart contracts without the need for intermediaries.

2. Real Utility

UrDEX's real yield framework offers complete transparency of all fees, allowing all assets to be distributed via governance voting. This feature provides a transparent and fair distribution of revenue to token holders.

3. Zero Price Impact Trades

UrDEX's Chainlink Oracle integration enables traders to execute trades with zero price impact, minimizing slippage and improving the overall trading experience.

4. Robust Risk Management

UrDEX offers user-elected credit exposure to tackle issues present in zero-price impact perpetuals. This feature helps manage risk and reduces the potential for margin calls.

5. Innovative Liquidity Solution

UrDEX provides direct market access to programmatic pools of liquidity, offering a unique liquidity solution that enhances the trading experience for users together with attractive revenue models.

6. Loyalty Incentives

UrDEX offers a loyalty program that rewards traders with loyalty tokens based on their trading activity. This function rewards and encourages trading activity, increasing platform user involvement.

7. DAO-Driven and Fair Launch

UrDEX operates democratically and transparently, with token holders as stakeholders of the entire ecosystem, including access to the DAO Treasury funds. The platform's fair launch ensures equal distribution of tokens, making it accessible to all users.

8. The Strategic Partnership Pool

UrDEX's Strategic Partnership Pool offers liquidity providers the chance to own governance tokens, allowing them to participate in strategic decision-making for the ecosystem and receive transaction fees. Liquidity suppliers are encouraged by this feature, which also guarantees the platform's long-term viability.

UrDEX demonstrates its own power when compared to 2 other prominent perpetual platforms with extremely high market caps in the cryptocurrency world: GMX and DYDX. Let's take a look at our competitive advantages in the table below 👇

Q5. Please provide a detailed overview of your tokenomics, what are the utilities of your token $URD?

$URD is the utility token of the UrDEX ecosystem.

▪️Ticker: URD

▪️Total supply: 100,000,000 URD

▪️Public Sale price: $0.08

▪️Initial Circulating Token: 6,000,000 URD

▪️Market Cap: $480,000

▪️Public Sale Release Schedule: 60% unlocked on TGE, 10% monthly for the next 4 months.

🔹Multi-IDO on Launchpads: BSCStation, InfiniteLaunch, RazrFi, BrandPad and UrDEX Launchpad

⏰ IDO date: April 24th, 2023 (UTC).

Some use cases of $URD:

- Staking: URD holders can stake their tokens in the UrDEX DAO governance system to earn rewards. These rewards are distributed from the protocol's fees.

- Protocol Fee: Users who use the UrDEX platform pay fees in URD tokens. These fees are used to fund the DAO treasury, which is used to finance the development of new features and improvements.

- Governance: URD holders can participate in the UrDEX DAO governance system by proposing, voting on, and implementing changes to the protocol.

- Launchpad: The UrDEX Launchpad allows users to stake URD to participate in token pools and earn URD. The more URD a user stakes and the longer they stake, the more lottery tickets they will be eligible to receive. These lottery tickets can be used to participate in token pools.

- Incentive Mechanisms: The UrDEX platform uses URD to incentivize loyalty and liquidity. URD rewards are paid out to users who participate in the UrDEX Loyalty Program and to liquidity providers who deposit their tokens into UrDEX liquidity pools.

2nd Segment: QUESTIONS FROM TWITTER

Q1. Community support is one of the biggest aspects of project success. Most projects have procedures for interacting with their users. Do you have any special plans to attract and expand the community and improve the user experience?

With continuous efforts to improve product features, grow the community as well as connect the project and people in the crypto ecosystem, we always prioritize customers’ opinions and good user experience. Through the testnet, we aim to bring a fantastic chance to experience UrDEX firsthand for users. And there are tons of positive feedbacks from our dedicated community members.

To reward our community members, we have organized Airdrop and Giveaway campaigns on a regular basis. Our Zealy (ex Crew³) Airdrop Campaign is still going on with a huge reward of $30,000 in $URD tokens for Top winners: https://zealy.io/c/urdexfinance/

For every project, an important aspect of sustainable growth is to retain users and keep community members engaged. As part of this effort, we are very proud to introduce UrDEX incentive mechanisms including the Loyalty incentives and the Strategic Partnership program.

1. Loyalty incentives

This is a very simple mechanism: For every dollar traded on the UrDEX platform, one URL token is earned.

With the UrDEX Loyalty Program, we aim to establish a positive feedback loop from community members, which will contribute to increased trading volume on our DEXs and result in creating more revenue for the platform.

2. Strategic Partnership privileges

To encourage partners to join and make valuable contributions to the UrDEX ecosystem, we would like to introduce a new program for strategic partners to provide liquidity to projects and help their communities earn more stable profits. This program offers several benefits for our partners, and we're excited to help grow their communities in a groundbreaking way.

Learn more about out Strategic Partnership program here: https://docs.urdex.finance/urdex-perp-dex/strategic-partnership-privileges

How amazing, our community witnessed an enormous increase in size within the last several days. Here's a breakdown of our achievements within several months of operation:

👉 Telegram: We have reached 7,500+ members with high active rates.

👉 Discord: Our Discord community reached a milestone of 12,000+ members.

👉 Twitter: How amazing, we hit an impressive 19,000+ followers.

In the future, we plan to open Telegram local communities for local members to discuss and update news in their own languages. Please stay tuned for the latest announcements!

🌐Website: http://urdex.finance/

📜Documentation: https://docs.urdex.finance

🐦Twitter: https://twitter.com/UrDEX_Finance

📺Telegram: https://t.me/urdexfinance

💿Discord: https://discord.gg/urdexfinance

📙Substack: https://urdexfinance.substack.com/

Q2. How is UrDEX development going? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?

We have just announced the Mainnet Launch of UrDEX Aggregator, a cutting-edge product that will revolutionize the way you swap your favorite tokens. Try it out at https://app.urdex.finance/aggregator 👈

With UrDEX Aggregator, you can optimize slippage, swap fees, and token prices to get better token swap rates than ever before. Our aggregator offers the unique advantage of providing users with better swap rates than any specific DEX can offer in the shortest possible time. You can rest assured that your transactions will be protected from price impact and the probability of failed transactions will significantly reduce.

Please take a look at UrDEX's Roadmap in 2023 & 2024 to gain more insights into our product development efforts, market expansion plans and expected applications in the coming time:

Q1 & Q2/2023

- Landing page and Socials

- Airdrop campaigns

- Testnet release

- Token Sale

- Perpetual DEX products: Long/short position, Trading pool applying Risk Management, Swap and Order swap, Governance staking (DAO).

- Launchpad: UrDEX project launch, URD/LP staking to get tickets.

- AMM: Swap, Liquidity pool

Q3/2023

- Perp DEX: Loyalty program, Referral program, Order trading features upgrade (Trailing stop, post only, reduce only, Margin mode), Multi-chain expansion (zkSync, Base).

- Launchpad: Token locks, Liquidity locks, and Vesting-as-a-Service, Standard Token Minting.

- AMM: Yield farming, Stable swap.

- Mobile App development.

Q4/2023 & 2024

- Perp DEX: Social NFT marketplace for strategic partners ( rewards, active trading, investment pools...), Fiat & stock & other derivative assets integration, UrDEX bridge.

- Launchpad: UX/UI upgrade and mobile version launch.

- AMM: Smart Router upgrade, Vault incentive with Auto-compounding.

- More CEX listings & partnerships

Q3. What is the most ambitious goal of your project?What is the ultimate vision that your project is trying to achieve in the cryptocurrency market? Explain to us about that. I would appreciate it if you could share any upcoming updates with us?

UrDEX is a community-driven project with the most ambitious goal of solving the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way. Its decentralized, non-custodial, and DAO-driven design ensures a fair and transparent trading experience, while its Loyalty program and Strategic Partner pool provide additional incentives for users and liquidity providers.

One of our priorities is risk management for LPs. Until now, UrDEX has developed the Risk Management & LP Seniority system to address common issues in zero-price impact perpetual. By introducing Pools with varying risk profiles, UrDEX Liquidity Providers can select the level of risk they are willing to take, isolating long-tail risk more effectively. The Pools range from the lowest-risk Guardian Pool to the highest-risk Divine Pool, each representing a pool of assets like BTC, ETH, BNB, and stablecoins.

With this innovative solution, UrDEX is empowering ULPs to manage their risk exposure more effectively while still providing attractive returns, allowing ULPs to choose their preferred risk level and APR.

🙌Most exciting updates: $URD IDO would be conducted on multi Launchpads including BSCStation, InfiniteLaunch, RazrFi, BrandPad and UrDEX Launchpad.

⏰ IDO date: April 24th, 2023 (UTC).

After the IDO, we will be listing $URD on Camelot, the DEX built on Arbitrum. This means that our token will be available to trade on one of the most advanced and secure decentralized exchanges in the market. We can't wait to see where this takes us and we're excited to bring you along for the ride!

👉 IDO timeline and detailed guidelines on UrDEX Launchpad can be checked here: https://urdexfinance.substack.com/p/ido-on-urdex-launchpad-timeline-and

Q4. As an Exchange platform, what is the difference between the trading system created by and other exchange platforms like Binance, OKEX, BitMart? In terms of security, operability, reward system? What improvements have been implemented to improve the trading experience?

During the past few years, most trading products have been offered by popular centralized trading platforms such as Binance, Bybit, and OKX. However, after the collapse of FTX, users have been more concerned about securing their funds or other potential risks. “Not your key - not your coin”, more and more users are now moving to trade on DEXs as an alternative to CEXs.

With the Beta launch of https://app.urdex.finance/aggregator, we would like to introduce our cutting-edge technology to optimize slippage, swap fees, and token prices to give you the best possible rates for your trades.

UrDEX aggregator’s key advantage is to offer a user better swap rates than any specific DEX can offer and to do that in the shortest possible time. Other major tasks that we offer are protecting users from price impact and reducing the probability of failed transactions.

UrDEX offers a highly effective risk management solution and an innovative liquidity solution for LPs. Its decentralized, non-custodial, and DAO-driven design ensures a fair and transparent trading experience, while its loyalty program and Strategic Partner pool provide additional incentives for users and liquidity providers.

Q5. Does UrDEX Finance have an AUDIT certificate or do you also work for your project AUDIT, to make it more secure, trustworthy and reliable?

UrDEX has successfully completed our smart contract audit, and we're proud to say that our security measures are top-notch.

Our audit was conducted by QuillAudits - one of the leading blockchain security firms in the industry, and the results were impressive.

Here are a few highlights of the audit:

🛡 Our smart contracts are secure and free of vulnerabilities, ensuring that user funds and assets are safe.

🛡 Industry-standard encryption and authentication protocols have been utilized by us to protect user data and transactions.

🛡 Our code has been thoroughly reviewed and tested to ensure optimal performance and minimize the risk of bugs and errors.

📌 Check out the report link HERE (https://github.com/Quillhash/QuillAudit_Reports/blob/master/urDex%20Smart%20Contract%20Audit%20Report%20-%20QuillAudits.pdf)

With the audit completion, we're excited to move forward with our plans for IDO on April 24th, 2023 at 14:00 UTC on the UrDEX launchpad. Stay tuned for more updates as we get closer to the launch date! https://linktr.ee/urdexfinance

3rd Segment: QUESTIONS FROM GROUP

Q1. Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

UrDEX has 2 types of token: $URD utility token and $URO Governance token.

At UrDEX, we believe in fair and equitable token distribution. To ensure a fair launch, we did not allocate any URO tokens before launching the project. This means that every user has an equal opportunity to earn and participate in the UrDEX ecosystem.

To further promote community involvement, we invite all users and community members to join the UrDEX DAO by staking any URD tokens they earn. This means that anyone who contributes to the UrDEX ecosystem, including the UrDEX development team, has the opportunity to become a part of the UrDEX DAO and help shape the future of the platform.

By staking URD tokens, users not only earn URO tokens as rewards but also become eligible to vote on proposals and decisions that impact the UrDEX ecosystem. This creates a truly decentralized and community-driven platform, where everyone has a voice and the opportunity to contribute.

UrDEX is committed to fostering transparency and democracy in its governance. The UrDEX DAO acts as the Asset Manager and determines the strategic matters of the protocol. URO is the governance token of UrDEX, and URO holders are the de-facto stakeholders of the entire UrDEX ecosystem, including managing and having access to the DAO Treasury funds. The governance structure of UrDEX ensures that the platform serves the interest of its community in perpetuity.

Q2. I’m interested in participating in the IDO. Can You please provide some key details about the IDO? What is the schedule and contribution? What is the minimum buy? Lastly, how long will the liquidity be locked?

For the IDO on InfiniteLaunch, you can refer to this announcement for more details: https://t.me/InfiniteLaunchNews/661

For the IDO on UrDEX Launchpad, here are the timelines and details:

⏰Date & time: 14:00 UTC, April 24th, 2023

🔹Public Sale contributions will be taken in USDT only.

🔹Public Sale Price = $0.08

🔹Release Schedule: 60% unlocked on TGE, 10% monthly for the next 4 months.

🔹Initial Market Cap = $480,000

🔹Listing time: 14:00 UTC, April 26th, 2023

🔹Claiming IDO: 14:10 UTC, April 26th, 2023

✅ Whitelist pool: $200,000

✅ Community pool: $225,000

Q3. When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?

Soon we will be announcing the $URD listing on reputable Centralized exchanges (not revealed yet). We can't wait to see where this takes us and we're excited to bring you along for the ride!

Q4. Is your project a community only for English speaking countries or for users not of other languages?

Right now we mainly operate in our global group @urdexfinance. Very soon we will build our local groups for members to discuss in their local languages. Please stay tuned!

Q5. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?

After a long time of incubation and several months of operation, UrDEX has been making significant strides in the DeFi ecosystem, establishing partnerships with some of the most reputable players in the field.

The collaborative partnership was established with Space ID, Mises Browser, Paraswap, BSCStation, InfiniteLaunch, BrandPad, RazrFi, PERI Finance, Parami Protocol, xHashtag, TrantorDAO, Puffverse, HatsFinance, and many other KOLs, community channels.

More details about backers and investors will be revealed soon. Please stay tuned and get the latest updates from our official socials:

🌐Website: http://urdex.finance/

📜Documentation: https://docs.urdex.finance

🐦Twitter: https://twitter.com/UrDEX_Finance

📺Telegram: https://t.me/urdexfinance

💿Discord: https://discord.gg/urdexfinance

📙Substack: https://urdexfinance.substack.com/

1st Segment: QUESTIONS FROM HOST

2nd Segment: QUESTIONS FROM TWITTER

3rd Segment: QUESTIONS FROM GROUP

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