Part 1: Introduction
Chemix Launchpad — get predictable risk from discount auctions
GTA Trading Community ：Hi Aqua and Larra, nice to see you here today！Could you please briefly introduce yourself?
Chemix Larra：Hello, my name is Larra, I’m from Chemix and I’m currently in charge of operations and promotions for the European market.
Chemix Aqua：Happy lunar month, I am Aqua, daily in charge of marketing on Chemix Eco.
1.GTA Trading Community ：Nice, so let’s start our AMA for today. So first question,Can you introduce the origin of the name Chemix Ecosyetem, which sounds like the name of a certain chemical laboratory?
Chemix：Chemix Ecosystem is derived from Chemical reaction, which corresponds to synthetic assets that is one of our core businesses, and x represents unknown and unlimited possibilities.
The combination of the two represents the rich and diverse results of the “combination” of synthetic assets.
The icon of our project is a round-bottomed flask, hoping that more users can become Crypto chemists, creating endless possibilities.
2.GTA Trading Community ：Very nice answer. Next one, recently, Chemix Ecosystem is undergoing project upgrades, and the layout of the entire ecology will also change. Could you give us a detailed introduction of the project history and the planning after upgrading?
Chemix：In the second quarter of 2021, we launched the synthetic asset platform Chemix Labs. In August 2021, we launched the Second Market Chemix Pad(Launchpad), realizing the application scenario of “tokens with a certain lock-up period can be traded in advance through synthetic assets + auction mechanism”. Since its launch in August, there have been about 30 auctions completed, with a total turnover of over 7.5 million U.S. dollars, making it the most important and most popular business sector in Chemix Ecosystem.
Currently, we are upgrading the overall technology of Chemix Ecosystem, and we expect to complete the business optimization and code refactoring of Launchpad products in the first quarter of 2022. At the same time, we will add two sections, Chemix DID credit system and Chemix DEX, and integrate each product into our Chemix Ecosystem, forming a closed loop of synthesis, issuance, and trading of assets.
In the future, Chemix Ecosystem will be updated with Chemix Pad as core business, Chemix DID, Chemix DEX, and Chemix Labs as supplementary ecological structure, forming a new service system. As a result, it is possible to establish a decentralized service system for asset synthesis and trading for the illiquid equity and illiquid token of early crypto projects.
3.GTA Trading Community ： Let’s talk about Chemix Pad(which was called Chemix Launchpad), the main section of Chemix. What are the differences and advantages compared to other launchpad platforms?
Chemix：Chemix Pad provides synthetic minting of on-chain assets to release the liquidity of locked assets. On Chemix Pad, users can “mirror” the locked on-chain assets, such as unlocked private sale tokens, lock-up period tokens with DeFi, and Filecoin mining with specific CVT(Chemix-Voucher-Token) . The asset issuer only needs to set a certain proportion of circulating assets as the collateral on chain in order to mint synthetic assets and create additional value of liquidity. At the same time, other users can also obtain promising assets with lower cost. As you can see from the above introduction, Chemix Pad focuses on the advance trading of locked assets, on-chain OTC currently, which is different from others.
Chemix Pad is different from the over-collateralization model of other synthetic asset competitors in that it introduces an external credit system into its self-developed partial collateral model. The issuer forms a Chemix DID score by verifying the decentralized credit system and combining it with the platform’s internal credit system. By this way, the pledge ratio when issuing assets can be reduced within a certain range from the corresponding credit rating, thereby increasing the utilization rate of funds. For the auction participants, the funds raised under partial collateral are locked in the contract before the completion of the process, which fully guarantees the security of the transaction.
4.GTA Trading Community ：Compared with the popular platform Coinlist, what are the advantages of Chemix Pad? What are the prospects for development?
Chemix：As a completely decentralized auction platform, all assets(CVTs) of Chemix Pad are under the control of user’s own decentralized wallet(storage), which means that users take no risk of the leakage of centralized account security information and thus account assets being stolen. Moreover, data of user behavior is transparent and can be tracked on chain, and the transaction amount cannot be inflated. In addition, as we all known, Immutable-X as a promising project was sold on Coinlist last season but many friends of us failed to purchase it due to the complex pruchase rules. Then we make efforts to invite early stage investors to share some IMX on Chemix Pad on last DEC. 11th to meet the demands of the communities
We believe there will be more leading investors to play as issuers on Pad and try our best to supply more promising potential assets to the communities.
5.GTA Trading Community ：Can you tell me about auctions held recently? When is the next auction?
Chemix：Thanks to many Chemix Eco partners, the current high-quality projects on the market will continue to be launched on Chemix Pad, such as FTT, Coin98, Kava, Mask, Harmony, Immutable-X, Illuvium, Moonbeam, Moonriver &etc..
For example, there was an auction for FTT on JAN 29th, the market price was 42USDT and the settled price on Chemix Pad was 34.46 USDT. So APR of last FTT auction is 614.34%.
The next auction will be active tomorrow for Mask. Last auction of Mask was held on JAN 18th, The market price was 8.94USDT and the settled price was 7.81USDT.So APR of last MASK auction is 211.26%.
Mask Network is the core product of Dimension, which is positioned to become the bridge that connects internet users from Web 2.0 to Web 3.0. The foundational technology of Mask Network is a peer to peer encrypted messaging application, with new functions continuously being created around this foundation.
Part 2: Questions form
Guest selected 5 best questions to answer sent before beginning of AMA:
1.GTA Trading Community ：How can we participate in Pad? What are the requirements?
Chemix：First of all, by following the official website of Chemix Ecosystem, Twitter, Medium, Telegram and other channels, everyone can check the calendar of auction forecast and requirements of participation.
To put it simply, one of the conditions for participating in the auction is to obtain whitelist qualification, and the other is to complete KYC verification. (Due to regulation factors, most of the current auctions do not allow KYC users in China and the United States to participate). The way to obtain the whitelist is also very simple, Option #1: Provide Liquidity we only need to provide liquidity to the QSD/BUSD pool on PancakeSwap, your LP tokens will be counted for being whitelisted. Specifically, by holding 5 QSD/BUSD LP tokens in your wallet, you will be whitelisted. Option #2: Hold CEC (KUN):We will count CEC (KUN) holders as whitelist candidates. Every 100 CEC (or 10 KUN) holdings you have in your wallet, you will be in the whitelist selection.
In the future, we will allow everyone to obtain whitelist qualifications through diversified methods such as by pledging CEC or holding specific types of Tokens.
2.GTA Trading Community ： Very good answer. How do participants make money? What is the general profitability?
Chemix：At present, the locked-up tokens traded on the platform basically use Dutch auctions. The price drops over time, and the participants obtain the corresponding assets at relatively low cost, and sell them in the open market to earn the difference or choose to hold them with long-term to earn excess returns. Users could earn profit even in bearish markets and take no risk of any loss from bearish market by hedge tools on derivatives markets.
According to statistics, since the launch of the platform in August, We calculated the user’s APR, and the annual return is far over 60% and even 800% by last auction.
To be prevented from any loss due to the market turn to bearish before the native token released, you could short the auction token on a derivatives platform so as to earn a fixed profit. We recommend Bybit as almost every token listed on Chemix Pad are also listed on Bybit:
3.GTA Trading Community ： In terms of usage scenarios and marketing cooperation, what plans do you have for the project Token?
Chemix： Our team used to focus on developing projects and upgrading products. With the upgrade of the project, the application scenarios of Token will increase, including for example, whitelist acquisition, stablecoin minting, auction fee discounts, issuer pledge, Pad income dividends &etc..
In terms of external cooperation, we have been participating in the DODO Booster Program, partnering with Orange,an Ontology based DID solution to decentralized credit&trust with more application scenarios related to DID reputation, cBridge(Celer Network) supporting $CEC transaction between Ethereum and Binance Smart Chain with extremely fast speeds and low gas cost, and Chainlink(Price Feeds) supporting Chemix Labs.
4.GTA Trading Community ：Besides earn directly from auction on Pad, any other benefits to communities recently ?
Chemix：There is an event within two months for new users and invitees. You could find a referral code(link) on the profile(invitation) page if your address is eligible to join in the auction which means your address have met the requirements of Whitelist and KYC verification, Invite your friends to register via your referral link and join in auction, then you both will have more rewards/airdrops in the near future.
5. Chemix Launchpad is a product of Chemix Ecosystem. There are three types of auctions that are here: Dutch Auction, English Auction, and Fixed Price Auction, can you talk about these three types and which types of users can join your Launchpad? Can they buy tokens of projects?
Part 3: Community interaction
- Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
here are our official links and pls subscirbe news from there
Email Support: firstname.lastname@example.org
2. Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?
Chemix Launchpad is different from the over-collateralization model of other synthetic asset competitors in that it introduces an external credit system into its self-developed partial mortgage business model. The issuer forms a Chemix DID score by verifying the decentralized credit system and combining it with the platform’s internal credit system. By this way, the pledge ratio when issuing assets can be reduced within a certain range from the corresponding credit rating, thereby increasing the utilization rate of funds. For the auction participants, the funds raised under partial mortgages are locked in the contract before the completion of the process, which fully guarantees the security of the transaction.
As a completely decentralized auction platform, all assets of Chemix Launchpad are in the user’s own decentralized wallet, which means that users do not need to worry about the risk of the leakage of centralized account security information and thus account assets being stolen. Moreover, data of user behavior is transparent and can be tracked on the chain, and the transaction amount cannot be inflated. In addition, compared with Coinlist, Chemix Launchpad currently does not focus on IDO market. In other words, it is to “mirror” the locked private equity by generating cToken, and further trade and circulate through the auction, providing users with a richer and more robust investment channel.
3. Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Yes, we are willing to have more interaction and to be more close to all the community members. As just said, Dutch Auction/Discount Sales now are suitable to users who want to eliminate risks from the primary market and meanwhile earn higher profit than it from the secondary market.
4. Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Yes I agree with you. There have already been some the said “”staking” and “NFT”. For example, formerly the liquidity farming on Chemix Labs Staking, DODOex Booster program and PancakeSwap. And the NFT-DID via Orange(Ontology) solution.
5. CEC is the governance token of Chemix Ecosystem, used in Chemix Ecosystem’s governance voting. How many CEC do users need to hold to participate in governance and what issues can be proposed in the project? Also, are there any benefits to holding CEC tokens for the long term?
CEC is one of the option of Whitelist requirement for Chemix Pad. Since it has not been listed yet, users could also hold KUN instead.
10KUN(100CEC) at least for the whitelist and CEC could be migrated from KUN on the official website.
There will be more governance function in the near future in Chemix DAO.