Dexfolio AMA Recap

Zata Zu, [15.03.21 23:01]
Lets all welcome @bishopbenemos the founder of Dexfolio. Thank you for taking time to do this AMA with us. How are you doing?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:01]
Great, been an incredible week! We’ve been growing so quickly!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:01]
How are you?

Zata Zu, [15.03.21 23:02]
I’m doing great as well. I noticed your incredible growth, with your presales being 4x oversubscribed to. We’re very excited about the launch tomorrow!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:02]
[In reply to Zata Zu]
Us as well!

Zata Zu, [15.03.21 23:03]
Can you tell us a bit about your team, and their background?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:05]
[In reply to Zata Zu]
Sure! There’s me (founder of this project), our UX designer with over 6+ years experience, a blockchain advisor from a top-bank, and our dev team which is over 3 people

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:06]
We spent a lot of time finding the best dev team! These guys are unmatched!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:07]
Flutter dev and 2 blockchain devs

Zata Zu, [15.03.21 23:07]
That sounds like quite a solid team. Are you currently hiring for any positions, or are you happy with your current team size?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:09]
We’re always looking for more experts! Especially someone that’s looking to join as a core team member and get a share of the tokens. We value the startup grind, so if someone’s interested in that, then they should definitely reach out!

Zata Zu, [15.03.21 23:11]
You hear that chat? Here’s your chance to get a chance to work with the next big thing! I must say though, your experience as an UX designer shines through, the app looks incredibly clean.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:12]
Thank you! We’ve put a lot of work into perfecting the design!

Marc Oriente, [15.03.21 23:12]
I agree! and am personally very excited to get hands on!

Zata Zu, [15.03.21 23:12]
Now, I want you to give me your best sales pitch, what is Dexfolio and why should we be interested.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:12]
[In reply to Marc Oriente]
👍👍👍

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:13]
[In reply to Zata Zu]
We are going hardcore on making the BEST portfolio alert system.

Zata Zu, [15.03.21 23:14]
[In reply to Marc Oriente]
We all are Marc, this seems like an incredibly needed product in the new age of DEX’s

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:14]
We want to make is incredibly easy to stay on top of your portfolio values, as they hit critical price milestones

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:14]
Right now, the only alert system on every portfolio tracker is based on price targets.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:15]
Which are incredibly tedious to set

Zata Zu, [15.03.21 23:15]
[In reply to Bishop B, Founder of Dexfolio [Won’t DM first]]
As someone who has a lot of holdings in different coins, I agree! It’s almost at the point where you don’t bother

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:15]
if you have 30 tokens and you want to be alerted every time a coin goes up 100% and down 10% from your entry, it can be over 60 alerts set!!

Zata Zu, [15.03.21 23:16]
Yes, exactly.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:16]
and that’s if it’s just up 100% and down 10%

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:16]
it never ends

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:16]
Our system, is one-tap

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:16]
and every token in your portfolio gets alerts set automatically

Zata Zu, [15.03.21 23:17]
It seems incredible. I will legitimately use this the second I can get my hand on it

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:17]
we look at your entry price and intelligently alert you every time a token goes up 100% and down 10% from entry

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:18]
Not only that, we plan to add more alert features after launch

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:18]
like priority alerts that will have an alarm so you don’t miss the alert

Zata Zu, [15.03.21 23:19]
Excuse me if I am wrong here, but I do not think this feature exists in any other tracker. They ignore your entry and only allows you to set alerts on price targets, am I right?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:19]
correct

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:19]
We looked!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:19]
it’s what made me start this project actually

Zata Zu, [15.03.21 23:21]
It’s really incredible that no one has added such an insanely needed feature before. I can’t wait until I get to use Dexfolio.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:21]
[In reply to Zata Zu]
❤️

Zata Zu, [15.03.21 23:21]
Now over to another thing that is increasingly on investors minds in 2021. Tokenomics. What are the tokenomics of DEXF?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:22]
[In reply to Zata Zu]
Let me share the raw numbers first, one second

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:24]
▪️Initial supply: 40,000,000 DEXF
▪️Total supply: 200,000,000 DEXF

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:25]
65% of total supply is locked for 10 years

Marc Oriente, [15.03.21 23:25]
thats huge

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:25]
Token Features:
▪️ (https://l.linklyhq.com/l/NW22)Utility, Governance, and Profit Sharing
▪️ (https://l.linklyhq.com/l/NW22)Spend DEXF to unlock pro features
▪️ (https://l.linklyhq.com/l/NW22)50% of spent DEXF gets burnt, other 50% distributed to stakers
▪️ (https://l.linklyhq.com/l/NW22)Governance and DAO post launch

Marc Oriente, [15.03.21 23:26]
locked in Hedgetech locker correct? 10 tears for all 65%?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:26]
Yes

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:27]
We have the locked treasury which will be used to fund new initiatives, development, marketing, bug bounties, etc

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:28]
And then we have the locked staking reward which will be used to incentivize DEXF holders to stake their tokens

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:28]
The core use of DEXF is the subscription though

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:28]
So as mentioned in the overview, you spend DEXF monthly to get access to pro features

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:29]
and 50% is burned, 50% is sent to stakers

Marc Oriente, [15.03.21 23:29]
That’s my favorite part. Deflation is king!

Zata Zu, [15.03.21 23:29]
Sounds great. Do you have any particular features you have planned for the “Pro” version of the app?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:30]
We have a ton of ideas!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:30]
But we’re focused on making a great free experience first and getting the users before putting any paywalls

Zata Zu, [15.03.21 23:31]
Great to hear, although I am the kind of person that doesn’t mind paying for a great product.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:31]
We aren’t planning to charge for core app use. Just the extra value features that will come post launch

Zata Zu, [15.03.21 23:32]
You mentioned Governance. Do you have any plans for what the community can decide on?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:32]
Yes!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:33]
A ton of things. Which blockchains we’ll add support for next is one

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:33]
Staking rewards

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:33]
subscription cost

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:34]
We’re planning to fully decentralize the project when governance is released

Zata Zu, [15.03.21 23:34]
As someone who believes that decentralization is the future, that makes me glad to hear!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:35]
[In reply to Zata Zu]
👌

Zata Zu, [15.03.21 23:35]
Now over to another thing that has also been plaguing the space lately — scams and so-called “rugs”. How can investors feel safe when investing in Dexfolio?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:36]
We’ve been fully KYCed by HedgeTech who’s public as you all know lol

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:37]
The tokens are locked up in HedgeTech’s vault

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:37]
it’s not possible for us to rug

Marc Oriente, [15.03.21 23:37]
correct

Zata Zu, [15.03.21 23:38]
Exactly! All our projects are thoroughly KYC’ed for the safety of our investors.

Zata Zu, [15.03.21 23:39]
It seems like a great project at this point, but surely you must have had some hardship along the way, what difficulties did you face developing Dexfolio and how did you overcome them?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:40]
[In reply to Zata Zu]
It’s been a journey of ups and downs!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:41]
For starters, we were struggling to find developers that could tackle this project. We met with a bunch but none were good enough. In the end, we just kept reaching out to more and found an incredible team

Marc Oriente, [15.03.21 23:42]
i can attest to this.

Marc Oriente, [15.03.21 23:42]
i met with some of the devs myself

Zata Zu, [15.03.21 23:43]
I can imagine. You have a lot of very innovative features that have never been seen before. Developing something like that can’t be an easy task.

Marc Oriente, [15.03.21 23:43]
always protecting investors and keeping people safe. he made the best choice from my perspective!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:43]
Another critical challenge is the architecture of the app. A requirement from us is that it’s fast and snappy. With so many moving parts, this becomes difficult.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:45]
But with proper planning and the right foundation, we’re able to keep it smooth like butter

Zata Zu, [15.03.21 23:45]
It almost sounds too good to be true!

Zata Zu, [15.03.21 23:45]
Now, beyond the launch tomorrow, do you have any plans for marketing?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:46]
[In reply to Zata Zu]
We’re very big on partnerships! so we’re always looking to collaborate with other projects on the space.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:47]
We also love doing community contests

Zata Zu, [15.03.21 23:47]
Personally I would say you almost won’t need to market. When this app hits the market it will become a must-have for every investor

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:47]
We have a few big partnerships in the works too actually

Marc Oriente, [15.03.21 23:47]
I think its very important to get large community figures to promote or tell their “followers” about you. do you have anything like this lined up

Marc Oriente, [15.03.21 23:48]
no matter the tech and project investors want to see marketing. its what will be asked to you most after launch

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:49]
[In reply to Marc Oriente]
Yes we have a few of these happening right now — of community leaders interested in our project!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:49]
We’ll get more with time

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:49]
and outreach

Marc Oriente, [15.03.21 23:50]
good.

Zata Zu, [15.03.21 23:50]
Either of you have anything else to add, before we wrap this up?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:51]
Just wanted to mention our dev team officially: https://flexsible.com/

They’re outstanding!

Marc Oriente, [15.03.21 23:51]
briefly describe the next 2 months for your project to us. dont have to go in depth. but what can we expect coming from you and the team?

Marc Oriente, [15.03.21 23:52]
beta? staking? when do you expect these to start?

Marc Oriente, [15.03.21 23:52]
and one final from me. how much did you raise in your private sale? and what are those funds for

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:53]
[In reply to Marc Oriente]
Possibly user testing design concepts with the community

We’ll be opening app beta soon — no hard dates.

App launch will be sometime in Q2

Marc Oriente, [15.03.21 23:54]
great.

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:54]
[In reply to Marc Oriente]
We raised 15.5K so far, with a cap of $18.75K

Marc Oriente, [15.03.21 23:54]
looking forard to beta

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:54]
we’re going to sell out by tomorrow

Marc Oriente, [15.03.21 23:54]
great. thank you!

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:55]
We’re going to use these funds completely for development and marketing

Marc Oriente, [15.03.21 23:55]
feel free to add a closing statement. and stick around to talk to the community if you have the time

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:55]
We’re incredibly excited to be able to supercharge development with these funds!

Zata Zu, [15.03.21 23:55]
Great. it’s been great having you here — feel free to post your socials, so people know where to find you — and lastly, do you have any alpha to share with us that has not yet been disclosed?

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:56]
🔹Official Links
▪️dexfolio.org
(https://l.linklyhq.com/l/NW22)▪️t.me/dexfolio
(https://l.linklyhq.com/l/NW27)▪️twitter.com/dexfolioapp
(https://l.linklyhq.com/l/NW2D)▪️dexfolio.medium.com (https://l.linklyhq.com/l/NW2F)

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:56]
Also wanted to share a link to our public sale whitelist! Only 10 spots. Guaranteed placement in the public sale (after the $VLT holders go)

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:57]
If it sells out, we’ll add in more DEXF from the unlocked treasury for those 10 winners to buy

Bishop B, Founder of Dexfolio [Won’t DM first], [15.03.21 23:58]
here’s the whitelist link: https://forms.gle/5WAfFTTTwVBeo4vp9

Zata Zu, [16.03.21 00:00]
Great. It’s been wonderful having you on, we’ll now do a round of community questions