We hosted an AMA session with KineteX on th 21st November, Attended by Mr. David (Business Development Lead).<h2 id="header-0">Segment 1️⃣: Introduction</h2>Paul CryptoVerse:&#x1f50a; Hi everyone and welcome to our AMA session with KineteX!&#x1f399;Welcome &#64;david_ter! It’s great to have you with us today, thanks for making time to join us! &#x1f44b;<blockquote>David:Hey guys! Happy to be here with you today!My name is David and I’m the BizDev at Kinetex! Wanna welcome all the members of such a great community!</blockquote>Paul CryptoVerse:&#x1f604; Let’s Proceed to The project Introductory Session Without Any Delay!Shall we get started? &#x1f609;<blockquote>David:Sure!Let’s go</blockquote>Paul CryptoVerse:1. What is Kinetex? Mission Statement?<blockquote>David:So… Kinetex is a technology for automatic gasless exchanges with a guaranteed rate. Talking about our mission… It’s quite common nowadays. We want to enable and accelerate mass adoption of the DeFi sector by simplifying all the exchange and transfer processes.Our main goals are: 1) To provide users with a guaranteed price without slippage. 2) To rid users of the need to check and refill their gas balances. Gas is a technical feature of the blockchain, and we think it should not be a user problem.3) To make the whole exchange process completely automated and easy, like in CeFi. We have already completed the fully automation of the exchange and transfer processes, including the Gasless technology which now supports the tokens with permit. In about a month we will release a new version of the Gasless technology, which will support ALL tokens that we have aggregated to our ecosystem.The main steps that remain is to provide the guaranteed prices without slippage and to guarantee the execution of the transactions. Also I want to mention that Kinetex doesn’t have its own TVL liquidity. So there is no single point where it can be hacked. We aggregate the liquidity from the whole market sources like DEXes, bridges, other aggregators etc. and build effective, fast and cheap routes</blockquote>Paul CryptoVerse:Moving to my next Question2. How can DeFi users utilize Kinetex?<blockquote>David:One-Click swaps. No gas. Guaranteed prices. The basic intra-chain and cross-chain swaps. People shouldn’t think anymore about storing the gas coins and manually confirming each intermediate step. They just enter our interface and swap whatever they want anywhere they want. It’s quite simple. We make the DeFi convenient for the users with any level of experience!</blockquote>Paul CryptoVerse:3. What networks and tokens are supported? Why?<blockquote>David: Right now, Kinetex supports 8 networks: Polygon, BNB Chain, Avalanche, Arbitrum, Fantom, Gnosis, Optimism &#43; Ethereum (we will add to the public in a few days) We have integrated them into the first version of our product due to high demand. Last week we launched v2, which allows us to scale up very fast now. Soon, we will expand to 11 networks supported by our partners. In the future, we will grow to support up to 50 networks. Talking about the tokens, we currently support several thousand of them that we are aggregating from different sources. But our recent upgrade will allow us to support all tokens available on DEXes through aggregating liquidity from the entire market. So, it will not matter to us how difficult any exchange route may seem. We can find providers of any token and build safe, fast and cheap routes without gas. By saying without gas, I mean, that the gas will be automatically taken right from the asset you are transferring. With no need to store native gas token! As I’ve already said, we plan to integrate about 50 networks and support an unlimited number of tokens. Can you imagine that?</blockquote>Paul CryptoVerse:Great! &#x1f44f;&#x1f3fb;4. What’s next in the roadmap/pipeline for Kinetex and where do you envision Kinetex in the future?<blockquote>David: Our main task while creating the widget was to make a universal solution that developers and their users could use to attract new users or liquidity from any network.Our goal is to develop a convenient, fast, versatile and fully automated tool that will allow anyone to scale existing projects and enable new projects to use our architecture to interact with other networks. The most amazing part: users do not need to understand all the intricacies of DeFi to use it! Lastly, we don’t forget about safety. Our cross-chain limit order solution will allow developers to have a tool that will guarantee the execution of a cross-chain order. This is the most important task for our developers. Talking about the roadmap: After finalizing the 1-click automation that we implemented last week, we have the following 2 major milestones: -Make a one-stop gas solution for all networks and all the tokens; -Enable Bridgeless cross-chain exchange with a guaranteed price and execution.Those are 2 goals towards which we are moving right now. And talking about the future… We believe that KineteX will be integrated into fintech. We want to connect traditional finance and the crypto industry. The technologies we are currently developing can be used in the real sector of the economy so that you can easily transfer assets and tokenized goods, bypassing any restrictions between blockchains and fiat money. Of course, everything depends on the governments and regulators, but when the day comes, you can be sure we will be ready.</blockquote>Paul CryptoVerse:Sounds good… Moving on to the last question5. How to become a member of your community? Any alpha you’d like to share?<blockquote>David:Thanks for your questions above. Even though our project has just started, we already have a not-very-big but very active community and we invite you all to become a part of it Please follow our Twitter for news and platform updates. If you have any questions, our support team will be happy to answer them in Telegram and Discord. Also you can learn more about Kinetex in our Medium Blog.</blockquote>Paul CryptoVerse:Now we are moving to our second section. It’s Twitter section &#x1f91f;&#x1f3fb;Are you ready?<blockquote>David: Yeah! Sure!Let’s move on</blockquote><h2 id="header-1">Segment 2️⃣: Twitter Segment</h2>Paul CryptoVerse:1. Collaboration and partnership are some of the most important cornerstones to help improve adoption. So tell us about the existing partners of project your plans for the partnerships, and how everyone will benefit from these partnerships?<blockquote>David: Yeah, we have some &#x1f642;, We use Gelato and ChainLink infrastructure right now. We also aggregate all major market players, such as сBridge, Multichain, 1inch, Hyphen, Connext, and all the others. We already have quite a large network of partners across the industry, but we continue to work in this direction, adding new names almost daily. We help each other with our current solutions. And also with co-marketing events. We have about 20 agreed marketing activities with our partners, that we will launch very soon. It will be exciting and I recommend you to follow our socials not to miss the news!✅</blockquote>Paul CryptoVerse:2. As we know, every successful project has a few stories behind the scenes, what’s the story behind success? What was that vision when it first emerged as an idea? Are there any special updates that you want to show/share with us?<blockquote>David: Heh … yeah that’s a good one, As in every startup, the first idea has undergone many transformations in the process of implementation. We started with simple ideas and products, such as a non-custodial wallet, aggregator of exchange rates, API for DeFi and CeFI, etc.When developing the wallet, we read the users’ reviews about other non-custodial wallets that were using CeFi for exchanging crypto. They had constant problems with blocking accounts or funds and a lot of users did not like it. Honestly, I believe that the majority of the crypto community does not trust projects with a closed processing system, and we couldn’t blame them for that.So, we realized that there were certain difficulties in the market that required an adequate solution, and we started to work in this direction. Initially, we wanted to create a non-custodial solution so users could use products without the need to trust a third party. We planned to integrate it into our wallet to ensure the exchange between networks that would not depend on centralized providers. We were inspired by the idea of decentralization when everything happens in the form of atomic transactions. Imagine you can send a bunch of transactions in one, and it will be safe and will not contribute to money laundering. For us, this seemed like a breakthrough in fintech!The guys from 1inch team gave us a lot of ideas as well. We are really close with them. We realized that creating a layer in the form of an infrastructure that would allow networks to communicate without obstacles could be truly beneficial for the market. To make a long story short: First, our team found the common market pain and wanted to solve it to make the DeFi more user-friendly for people with any experience level. And we found a way to do this! Second, all these amazing people in the crypto community. When you understand what they are trying to build and the passion with which they are doing it, you want to become a part of it. You wanna help them with anything you can. I think the v2 is one of them. It makes the process completely automated, If you are a DeFi user, you can just move to our swap widget <a href="https://xswap.kinetex.io/" rel="noopener noreferrer nofollow">https://xswap.kinetex.io</a> try it yourself and give us your feedback, that we are glad to hear!</blockquote>Paul CryptoVerse:Quite details &#x1f440;&#x1f440; Thanks for your explanation!3. Security is the most important thing to consider wanting starting up a project, how secured is this project for users and investors? And Can anyone use your platform? Or it’s only for professional users?<blockquote>David: Alright!We identify our product as a highly secured one! Right now we are negotiating with several audit companies that can verify the safety of Kinetex.As I’ve already metioned above, Kinetex doesn’t have its own TVL liquidity. We aggregate the liquidity from the whole market sources like DEXes, bridges, other aggregators etc. and build effective, fast and cheap routes. And yeah, our platform is created to make the exchange process seamless, so every user can make easy swaps on our platform. Doesn’t matter if the user is of a high level or he is inexperienced.</blockquote>Paul CryptoVerse:Moving to our Telegram live Q&amp;A :) Chat get ready with your Questions.Are you ready?<blockquote>David: 100%, I’m pretty sure I’m ready &#x1f642;</blockquote>maggie:&#x1f975;So many projects with high partnership and potential but they are also in the bear market….my question is how #kinetex will sustain in the bear market…if the blood market continues.⁉️<blockquote>David: This is the first one &#x1f642;, Right now is the perfect time to start a project, We see how projects without a strong attachment to the token could not survive and how projects with a constant operating income live, This bear market shows the strengths and weaknesses of all projects very well. This knowledge now helps us form the right financial model so that we can develop regardless of market conditions. Our operational expenses don’t exceed our incomes.That’s why we can survive this bearish market</blockquote>Polad:Can you List 1–3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about?<blockquote>David: I think the second one should be this. It’s not easy to read, cause the questions are repeating, but it’s OK 3 our main killer features: 1) Complete automation of the whole exchange processes in DeFi 2) The Gasless technology! No more need to care about the native gas tokens! The gas fee will be taken right from the asset you are transferring automatically! 3) The guaranteed execution of transactions and the guaranteed price rates without slippage. The features are our competetive advantages, including the aggregation of liquidity from the whole market including the building of effective routes! And yeah, as I’ve mentioned, our platform is for users of all experience levels</blockquote><h2 id="header-2">The QnA Segment Ends Here</h2>Paul CryptoVerse:It’s time for Wrapping Up the AMA.So that’s the end of today’s AMA. Hopefully, everyone gained a lot of information about the project.We thank our guest &#64;david_ter for giving us plenty of information about the KineteX project !❤️❤️<blockquote>David: THANK YOU VERY MUCH FOR YOUR TIME AND YOUR ATTENTION!</blockquote>Paul CryptoVerse:Thank you so much. I hope you will get wonderful success. lastly good luck with your great project.<blockquote>David: Good luck to you all and thank you once again!</blockquote>Community, if you would like to learn more about CoinMarketCap, here are some useful links for you:Twitter: <a href="https://twitter.com/0xKineteX" rel="noopener noreferrer nofollow">https://twitter.com/0xKineteX</a>Telegram: <a href="https://t.me/OxKineteX" rel="noopener noreferrer nofollow">https://t.me/OxKineteX</a>Discord: <a href="https://discord.gg/s3tEfgtZpJ" rel="noopener noreferrer nofollow">https://discord.gg/s3tEfgtZpJ</a>Medium: <a href="https://kinetex.medium.com/" rel="noopener noreferrer nofollow">https://kinetex.medium.com/</a>LinkedIn: <a href="https://www.linkedin.com/company/0xkinetex" rel="noopener noreferrer nofollow">https://www.linkedin.com/company/0xkinetex</a>

AMA Recap - CryptoVerse X KineteX

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