PolygonDaily hosts NASDEX: #Nasdex #PolygonDaily #Polygon
Polygon_Daily Admin: Hello and welcome, how are you today?
Belinda Zhou: Fantastic.
Polygon_Daily Admin: Happy to hear! Ready to start our AMA?
Belinda Zhou: Yes ready.
Q1: Please introduce yourself. What did you do before crypto and did you have any other previous venture in crypto?
Belinda Zhou: Hi all, I went down the rabbit hole of blockchain in 2018 back when I was a consultant in Dubai. Ever since then, I have helped quite a number of projects, tokens funds and exchanges with marketing and community efforts.
Here in NASDEX, I will also be leading the PR, marketing and community work. NASDEX team has quite talented members. Our co-founder Josh has 15 years of experience in TradFi. But he saw the light and went all in crypto last year.
Our tech lead Henry is not here but I will quickly say he got decade-long dev experience with 5-year dev experience in crypto. And product lead Guru is a DeFi analyst and has been managing crypto assets for several family offices in Singapore.
We are all full-time on this project and very much committed.
Q2: What is the NASDEX project about in a few simple sentences? How long have you been working on it and what was the inspiration behind it?
Belinda Zhou: So NASDEX is a user-friendly platform where investors could buy and sell tokenized equity as easily as crypto with 24/7 trading, fractionalized share buying, and yield farming. Here is a sneak peak of the product UI for easier understanding.
Q3: What sets NASDEX apart from the competition?
Belinda Zhou: So NASDEX is a user-friendly platform where investors could buy and sell tokenized equity as easily as crypto with 24/7 trading, fractionalized share buying, and yield farming. Here is a sneak peak of the product UI for easier understanding.
So users can mint, burn, trade and farm synthetic assets in our case stocks on NASDEX borderlessly.
We have been working on this project for about half a year. The inspiration is really from our own need and the need of our investors.
I believe all of us here are familiar with the rich features presented by DeFi like liquidity mining, staking.
But traditional asset investment does not have these. So we want to bring DeFi to the traditional assets so that users are more profitable from this.
Secondly, it’s the rebalancing between crypto and stocks. If we are able to manage both assets on-chain without the limitation of trading hours and capital on-ramp.off-ramp, it will be so much easier for us to rebalance the portfolio. For example, I can easily buy the dip today by selling some of my $COIN shares on-chain.
We are interested in this product ourselves and I believe that many others will be interested in this product.
Q4: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
Belinda Zhou: Yea we have closed the seed and private round, raised 1.35mil so far.
We also received a developer grant from Polygon.
We are doing an IDO on starter.xyz (IDO on Quickswap) on Sept 28 and an IEO on gate.io.
Funds are mainly for product development, marketing like user acquisition, legal and staff. We are open to future raises especially when NASDEX gets more traction and volumes.
Q5: What role does the token play in the NASDEX ecosystem?
Belinda Zhou: So the governance token $NSDX plays a critical role in our DEX. The main function of $NSDX is to serve to share in the profit of the DEX. Once the exchange is running, our community will share in the upside by holding $NSDX tokens. NSDX holders will be able to share in the revenues of NASDEX through buy-and-distribute, buy-and-burn, or direct profit share mechanism. Actual mechanics will be voted through the DAO by the community.
Similar to sushi/ cake
Another function of NSDX is to serve as collateral in the minting of tokenized stocks, which will be quite big for the holders. Max capital efficiency. And finally there are additional governance features like the ability to vote on new stocks to list on the exchange or new functions on our platform.
Q6: With respect to your roadmap, what should we expect in the next weeks and months?
Belinda Zhou: In terms of product, we are releasing our MVP in November!
Audits will be conducted before launch. Our IDO is on Sept 28th and IEO the same day on Gate.io. Listing is on 29th.
https://twitter.com/nasdex_xyz/status/1438106097064230916
We have been talking with multiple parties regarding bootstrapping the liquidity after our product is live and lots of partnership integration announcement will be made public in October time.
Q7: Let’s talk about partnerships & influencers that you are collaborating with.
Belinda Zhou: So one key partners for NASDEX will be the oracle providers. We are talking with the big names you can think of. They are keen to explore the oracles for the Asian stocks. It’s not difficult from a technical perspective but it’s a relatively blank space right now so we are first mover in this. And then we have infra partners providing users a better web3 experience such as gasless transactions in trading in our platform.
All these partnerships will be revealed after our listing so stay tuned. Upcoming NASDEX Exclusive NFT Drop.
https://twitter.com/nasdex_xyz/status/1441416670942216193
Today we just released a collab with project galaxy to launch our limited NFTs. It’s eligible for IDO participants of NASDEX IDO on @starterxyz
Released partners are Polygon, Quickswap, Gate.io, Starter, etc. They are all very supportive and play an important in NASDEX’s ecosystem.
Q8: Where can we find out more about NASDEX on social media?
Belinda Zhou:
Website: https://www.nasdex.xyz/
Twitter: https://twitter.com/nasdex_xyz
Medium: https://medium.com/@nasdex
Telegram: https://t.me/nasdex_xyz
Announcements: https://t.me/nasdexannouncement
LinkedIn: https://www.linkedin.com/company/nasdextech
Polygon_Daily Admin: With this, we are now at the end of our AMA session with NASDEX.
Time for wrapping up, any last words you would like to say to our community?
Belinda Zhou: Thank you for having us and thank you community for the warm participation! We have lottery campaign for you. Whether you whitelist or not, do not miss our free IDO allocation lottery by completing the social tasks: https://gleam.io/LWMGq/nasdex-starter-ido-free-allocation-lottery
Make sure you check this out!
Polygon_Daily Admin: Thank you so much for spending time with our community & all the very best for NASDEX.
