AMA Recap Crypto Library with EZDex

 


On 10th September 2021, EZDex conducted an AMA in the Crypto Library Community. Our guest is Robert Van Patten. Lots of questions as usual from the Community about EZDex progress. The EZDex team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into EZDex.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
 
Robert Van Patten (EZDex) : Hey everyone, I’m Robert the Chief Marketing Officer for EZDex. Before joining the EZDex team I co-founded another crypto-related startup based on making investment in crypto safer and more accessible for normal investors. I can’t wait to share with you all about EZDex and what we have to offer.
FIRST SEGMENT (HOST)
Crypto Library Team : What is EZDEx Exchange? and how does it work?
 
Robert Van Patten (EZDex) : EZDex is a decentralized exchange with various DeFi products. The ultimate goals of EZDex are to solve the problem of insufficient compatibility between blockchains through our own public chain, create the best DeFi ecosystem in crypto, and integrate blockchain technology with different industries such as finance, social networking, gaming, and the Internet of Things. With EZDex you will get access to some of the best DeFi products in the space all in one place.
 
Crypto Library Team : What are the special features and advantages does EZDEx Exchange want to offer?
 
Robert Van Patten (EZDex) : Besides our public chain being faster and cheaper to use than other public chains out there right now, there are a couple of things that make us different from other projects, first that from the beginning we are not just releasing a product but moving to create an ecosystem within crypto, namely for DeFi and DeFi products, and secondly that we recognize the real-world problems that blockchain technology solves and their applications for industries like finance, social networking, IoT, etc. and how to capitalize on those opportunities.
 
Crypto Library Team : Please tell us about $EZX token! What are the token use-case, distribution, and where we can buy it ?
 
Robert Van Patten (EZDex) : The token will be used for our public chain once it launches and you can stake it and use it for payments, swaps or using our various DeFi products.

There is a total issuance of 1 billion tokens. Of that amount 60% is reserved for miners, 20% is locked by the team for market operations, 10% is locked for community incentives, and 10% is for our EZ Global Vision Fund to encourage the development of projects on our public chain as well as partnerships and other opportunities.

You can get the EZDex token EZX either through our EZSwap at:
https://swap.ezdex.market/#/swap or through Uniswap, just search for EZX and you should be able to buy it with ETH, USDT, or USDC.
 
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
 
Robert Van Patten (EZDex) : Our top three priorities right now are building and launching EZChain which is our public blockchain, as well as EZPool our EZX-based liquidity pool, and our EZAggregator which is a DeFi aggregation protocol. Besides development we are also currently raising our Series A round of funding and there has been an incredible amount of interest in this project from investors. We are also looking to attend several in-person technology conferences like Web Summit and also work with many influencers to generate more awareness and hype around the project in general.
SECOND SEGMENT (TWITTER)
Crypto Library Team : Bot analysts are designed by financial analysts, traders, asset managers, economists. What is the backgroud of the faces of EZDexchenge, what are their experienced and background to generate trust in potential users?
 
Robert Van Patten (EZDex) : So, like I said earlier, I’m Robert the Chief Marketing Officer for EZDex. Before joining the EZDex team I co-founded another crypto-related startup based on making investment in crypto safer and more accessible for normal investors, so I have quite a lot of experience from that. Our CEO E.T. has built several successful companies from the ground up, going from zero to 100 million RMB in revenue in one year, not once but twice, with one of his companies ultimately valued at 100 million US dollars. Our CTO Feng-Bo has successfully led more than 100 software projects working on developing large-scale bank information systems, IoT smart home connection architecture, and the construction of the underlying technology of public blockchains which he is also working diligently on for us here at EZDex.
 
Crypto Library Team : Can you give an overview of $EZX Token tokenomics? Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
 
Robert Van Patten (EZDex) : So, first it’s important to mention that we are building our own public chain and that though the token will rise and fall in relation to the success of the platform, our tokenomics is highly deflationary and we will also be introducing staking and burning on the EZX public chain similar to Ethereum though even more deflationary so that should definitely serve as a strong support for the price of our token over time.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Is $EZX already on the exchange market and where to buy it can you provide the exchange market place?
 
Robert Van Patten (EZDex) : Yes, you can already buy EZX on Uniswap and also on our own exchange at:
https://swap.ezdex.market/#/swap
Just search for "EZX" on either exchange and you should be able to buy EZX.
  
Crypto Library Team : Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?
 
Robert Van Patten (EZDex) : Yeah, it’s unfortunate that most investors just focus on the price of the token in the short term, if you’re investing in a project like this and your holding time frame is not measured in years I’m not sure what you’re hoping get. As far as let’s say more the motivations and benefits for investors into EZDex in the long term, one of the more obvious ones that comes to mind even if you were looking say to just buy and hold didn’t really consider the ecosystem we’re trying to build is that EZX is highly, highly deflationary. If you buy and hold EZX now and we launch the public chain, significant amounts of EZX will be burned everyday handling transactions similar to ETH 2.0 and I am definitely holding for that. Though, I guess I have to say, everything in this AMA is for educational purposes only and not financial advice. Still, that is definitely something I am looking forward to.
 
Crypto Library Team : What social network does your community focus on, how do they know about your project? I want to join the community, where can I find it?
 
Robert Van Patten (EZDex) : Our two main social communities are on Discord and Twitter, but I will share the social media links for our community below and you can join the community very easily that way.
Welcome to the EZDex community!🥳
Twitter:
 
Crypto Library Team : In the aim of being as a top Trading exchange, you built the EZDex. But lot of popular exchanges like UNISWAP, BINANCE are existed in DeFi space at the moment. So how will you bring the EZDex as a well known exchange like them within DeFi space?
 
Robert Van Patten (EZDex) : There are other decentralized exchanges out there but most of them are just one trick ponies like Uniswap. Maybe you can swap between different digital assets and that’s pretty much it.

EZDex is not only seeking to solve some of the problems with traditional finance, but more importantly create a vibrant DeFi or decentralized finance ecosystem, pulling together some of the best DeFi innovations out there right now and even creating some of our own.

We need a decentralized exchange that does more.
We need a decentralized exchange that can bring you all of the benefits of DeFi all in one place.
We need a one-stop mult-chain aggregator, portfolio tracker, inbuilt swaps, yield farming aggregation, and more.


That's what EZDex is.
We're going to change everything.

 
Crypto Library Team : NFT is a popular topic right now, do you have plan to have new development regarding NFT? What is your opinion regarding NFT nowaday?  
 
Robert Van Patten (EZDex) : I think NFTs are great and it's definitely going to be a huge and valuable trend going forward. We are not primarily an NFT project, however, we are looking to incorporate NFTs into our ecosystem especially once we have the public chain up because then we can do things like using NFTs as collateral for lending or other similar things and maybe partnerships with NFT content creators, but that will be done the road. One thing I can say that at that point what will set us apart is definitely the ability to use NFTs as collateral for lending, I believe this is mentioned at least briefly in the white paper also. Because NFTs are typically illiquid and if you can turn them into collateral to buy other things or have free cash that would be a game-changer in the space.      
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