AMA RECAP : CRYPTO CHALLENGERS x HYPERDEX
Venue : CryptoChallengersD
Date : 28MAR 2022
Time : 0:00 PM UTC.
They shared detailed information and his opinions about the project HYPERDEX
SEGMENT 1 INTRODUCTION.
1. Could you Guys please provide a quick self-introduction for the community?
It’s a pleasure to be here introducing our project. I am Focus, the management director for the HyperDex ecosystem. The way I began my crypto journey was by managing a Crypto Mining operation in Asia and North America starting in 2017. To this day it is still running successfully!
2.Can you briefly introduce the project HYPERDEX FINANCE what are some of utlities of $HYP ? How do you think you stand out among the competitors if there are any?
In a nutshell: HyperDex Finance is a DeFi asset management platform that makes crypto investing and trading super simple and easy.
In more detail: HyperDex simplifies complex investment strategies and offers them to users in the form of investment ‘Cubes’. There are currently four: Modular Cubes, Fixed Income Cubes, Algo Trading Cubes, and Race Trading Cubes.
Modular Cubes enable anyone to create and deploy their own trading strategies for others to invest in — all without prior coding experience!
Fixed Income Cubes offer a fixed return over a certain time period
Algo Trading Cubes are based on our statistical arbitrage trading algorithms and give a variable return over a certain time period.
Race Trading Cubes are a simplified version of crypto futures / perpetual contracts, enabling anyone to easily speculate on the price of crypto with certain amounts of leverage.
There are other features too such as our farm, swap, referral program, and more. But for the sake of time I suggest taking a look at our wiki or other documentation — you won’t be disappointed!
Also HyperDex is different because our Cube investments are built for all types of traders and investors, whether beginners, day-traders, or even institutional clients. Each cube has a different risk associated with it (fixed income = relatively low, algo trading = moderate, race trading = relatively high / more aggressive).
Furthermore, HyperDex is also different because we enable anyone to create and deploy their own trading strategies easily and effectively with no programming experience needed. On one end, we give investors different options / access to strategies created by other users, and on the other end we are finding investors for these strategy creators. This creates an all around robust platform and we are confident in building a robust community to reflect this!
3. Can you share the achievements the team has made so far ? what are the major achievement target HYPERDEX FINANCE is yet to achieve . If possible also share your roadmap
Well, our team completed all the smart-contracts coding and have already launched the testnet platform that is being reviewed internally. We are about to launch the main net platform too very, very soon. Certik is currently completing our audit process, with real time information available on their webpage at: https://www.certik.com/projects/hyperdex (85% process completion).
Our goal is to launch the platform prior to our native Hyper (HYP) token IDO, in order to start gathering investors using our cutting edge cubes (simplified investment strategies).
With the current market conditions, offering a fixed income solution on USDT or BUSD with a high APY (8%) is surely an attractive tool for the general Defi user.
Our IDO should launch around the end of May 2022, once the platform is already functioning flawlessly for several weeks, so that everyone can try its functions.
Our ultimate goal / milestone is to attract investors from the traditional or “old” financial industry, where their managers can create and deploy investment strategies on our platform using our Modular Cubes. These would be the same strategies they have been using successfully for so many years, and would help propel our ecosystem to unicorn status!
Put simply: Modular cubes are trading strategies that will be connected to more than 200 different indicators via our smart contract. Traders, hedge funds, retail users, and others may use them to formulate a strategy and deploy it to the HyperDex platform for other users to invest in. Once the cube with your personal strategy is created, you can send funds there and start trading automatically according to the strategy posted. Creating strategies will be made so easy that you do not need prior coding experience.
We are receiving institutional demand for this cube, which we haven’t seen in any other real DeFi project in crypto.
We have a busy year, whereby we will be launching the platform, HYP token, HyperDex NFTs, and more! Some of our key milestones are as follows:
04/22: Smart contract audits complete
04/22: HyperDex Platform Launch
06/22 Modular Cube launch
09/22: P2P & HyperDex Loan Exchange
11/22: Multi-chain Development
12/22: Voting Pool System (Governance)
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?
In terms of security, HyperDex is hosted on a public blockchain, which as you all know brings a number of inherent security benefits to users.
Furthermore, in the event of a sudden change in commercial markets (e.g. a change in regulations) HyperDex is prepared to be fully compliant and even has a legal team in place ready to handle such things. Users may rest assured the HyperDex team is ready to handle what’s thrown at them!
HyperDex is unique in many ways. Below we’ll cover a few of the reasons:
Firstly, our team has an extensive background in traditional finance with multiple decades of experience. This helps bridge the gap between TradFi and DeFi, which is what every early crypto investor has been waiting for.
Secondly, the platform itself was self-funded and built by us, with our token sale currently ongoing and IDO set for around May month. This means we will have more capital to allocate towards marketing, development, liquidity, and more to ensure a concrete foundation for token holders and investors.
Third, our HYP token features a unique, robust tokenomics that makes HYP both an attractive investment while maintaining its utility (creating HyperCubes, allocating Tesseract governance tokens, etc.). Since rewards are quoted in USD and distributed in HYP, as the price of HYP climbs in USD, the less HYP is required to be minted for rewards.
Finally, one huge differentiator with HyperDex is the fact we are enabling users to easily create and deploy their own automatic trading strategies — no background coding experience needed! Other users may then invest in these strategies, with the original creator earning fees as users invest.
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
For the detailed explanation of our tokenomics, I would advise you to check our tokenomics page:
HYP tokens have the main utility of creating HyperCubes as well as distributing Tesseract governance tokens to holders each snapshot (later on).
HyperCubes, very simply, increase an investor’s overall Cube returns by depositing HYP tokens in addition to their original Cube investment (fixed income, algo trading, etc.).
HYP tokens are unique though. Many protocols mint large amounts of their native tokens per-block in order to satisfy high APY incentives for rented liquidity (i.e. liquidity providers). This has proved to be unsustainable for the token price long term (at least for most protocols).
HYP does not do this. In fact, HYP is only minted whenever a HYP reward is due. HYP rewards may only be earned through a few actions including: a HYP Fixed Income Cube, receiving a reward from any HyperCube, the farm, and the referral program.
Each of these actions requires the users to have previously purchased HYP, effectively increasing the demand and price of the token. Since HYP rewards are quoted in USDT and distributed in HYP, the higher the price of HYP climbs the less HYP is needed to satisfy rewards. This helps with the steady, long term growth of HYP.
Not to mention, we have a portion of platform fees allocated for rebuying and burning HYP periodically.
SEGMENT 2 TWITTER QUESTIONS.
1.Can you list 1–3 killer features of this PROJECT that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
1) we accommodate all types of investors — from newbies, to day traders, all the way over to institutional clients
2) we allow anyone to create and deploy their own trading strategies for others to invest in — all without prior coding experience!
3) our HYP token has a unique, robust Tokenomics that helps it grow steadily over time price wise while also maintaining various utilities within the ecosystem (e.g. governance, creating HyperCubes)
There are more killer features of course, but these definitely help contribute to HyperDex’s advantage amongst other competitors.
2.Is your Project A COMMUNITY only for English speaking an few countries or for users not of other languages??
We do indeed plan on targeting a variety of communities in order to expand our reach across many different countries / regions. Thankfully our team speaks a range of languages + our website will be available in a wide variety of languages (i believe this was 10+ languages actually).
To help with this we will also be partnering with numerous KOLs / influencers who will be able to convey more in-depth to their different audiences what HyperDex is, what we offer, and the range of opportunities the platform provides to investors!
You can participate in our pre-sale that is ongoing currently or wait for our IDO (we are planning for this to be soon!)
After this, you can use our token swap or another DEX to buy! We are also aiming for listings on certain centralized exchanges, so we’ll keep the community updated with this.
Alternatively you can participate in our referral program after launch and earn some HYP tokens too!
As for NFTs we will provide more information later on so stay updated via our telegram: https://t.me/HyperDexFinance
4.How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
Including core team members (founders, devs, marketing, etc.) and partners, we have over 10+ dedicated team members determined to continue developing and building HyperDex. The HyperDex team is led by multiple team members coming from the traditional world of finance in Europe.
For example: one of them is a traditional trader and software developer, having more than 20 years of experience developing programs for trading as well as software for mining companies along with starting other companies (not necessarily related to crypto).
Another is a top-tier banker from Europe with decades of experience that is extremely well connected within the institutional banking world. They are bringing in a lot of their partners from the banking sector.
The rest of the team is composed of experienced, highly motivated individuals who have been in crypto since 2016. These team members have experience with developing, growing, managing, and marketing crypto projects. From our advisors to our graphic designers we have adamantly pursued only the best.
Each and every team member has an aligned vision of making HyperDex a top 100 project — at least.
5.Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?
Yes we do plan to have NFTs later on! So far there will be type types: Tetra and Edro NFTs.
Tetra NFTs are earned when a user deposits the equivalent of 10,000 USDT into the HyperDex platform. With Tetra NFTs, holders will be able to earn passive HYP rewards from the fees generated by the platform!
As for Edro NFTs, these may be minted when creating a modular cube strategy (i.e. your own trading strategy). Holders of Edro NFTs will earn passive rewards from the fees generated by the specific trading strategy associated with it!
SEGMENT 3 TELEGRAM LIVE.
I saw you are doing so many AMAs recently. What do expect from them?
[In reply to Rocky]
Of course! the purpose is let different people who loves crypto to know our amazing project! We won’t let you down!
Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
[In reply to R🔺ᬼ⃝ℝ⚖️💎]
Pre-sale, TGE etc… How can we keep up with your updates ?
Our platform itself was self-funded and built by us, with our token sale currently ongoing and IDO set, as mentioned above, for roughly the end of May 2022.
Yes, the fundraising will be still active for another approx. 60 days, we have a famous Swiss Asset Management group currently being very active on this process, as well as several other fund’s managers very interested in entering our project before IDO.
Since the platform is already launching due to the economical efforts of our Team, we will have more capital coming from the fundraising proceeds to be allocated towards marketing, development, liquidity, and more to ensure a concrete foundation for token holders and investors.
Additionally, the main partners that we have confirmed up to now are VIP players in the traditional finance and institutional finance area in the Monaco — Luxembourg — Switzerland area. We are also very happy to say that we partnered with Amber Market Makers who are one of the leading market makers in the space. As well as Market Across for PR marketing. We are looking to extend our reach with influencers and the best agencies in the space to make sure that everyone in the space not only hears about us but wants to investigate and be part of our journey. In the next two weeks we will be confirming some big names from the crypto and TradFi industries that we cannot disclose yet! But it is very bullish indeed!
Is your project only for elite investors, what about others with small funds, is it open to everyone?
[In reply to DK]
This project is for everyone and is built to accommodate all investor types! In fact, we simplify the process to make it especially simple for new investors
If you want a lower risk, you may choose fixed income cubes
For moderate risk, algo trading cubes
For higher risk / more aggressive trading, you may use race trading cubes
Depending on the cube, investors may choose to deposit as little or as much as they wish!
Q4-Queen Elizabeth 🇰🇳2️⃣,
How can i join the pre-sale or IDO? Is the whitelist still open? and what will be the first exchanges where this Token will be listed and how to buy it now?How can i join the pre-sale or IDO? Is the whitelist still open? and what will be the first exchanges where this Token will be listed and how to buy it now?
[In reply to Queen Elizabeth 🇰🇳2️⃣]
For the pre-sale, you can find the registration link on our website under “ Private sale” or just click on the link here below:
You can keep updated by entering our Announcement channel and our main channel on telegram:
Hyperdex Finance is a amazing project, a unique asset management platform! Come and join us now!
In case you miss out, check out https://linktr.ee/hyperdexfinance