Wolfonaire Chatbox : AMA With Delta Exchange (16th February, 2021)
Hello! Wolfonaire Family & Crypto Enthusiasts!
We recently hosted an AMA With Delta Exchange on 16th February, 2021 at 03.30 PM UTC. This session was phenomenal. If you have missed then here is the precious AMA transcript, for those who missed the live session this will enlighten you for sure…
Guest Speaker :
Mr. Pankaj Balani | CEO, Delta Exchange
(Note: This is the transcription of the event. Please note that the transcript was edited for comprehensibility and coherency, while the content was not changed.)
INTRODUCTION
Pankaj : We are a derivatives exchange. We offer:
1) Perpetual swaps and Futures on BTC and 60+ Altcoins.
2) Options on BTC, ETH and a bunch of other Alts such as BNB, LINK, BCH,XRP, LTC etc.
3) We also offer other interesting derivs products such as interest rate swaps, calendar spreads and exotic options on BTC.
we do close to 80–100 Mn usd in daily volumes. In futures and perps we have one of the largest selection on Alt-BTC pairs.
Our team:
We are 3 cofounders we come from experience of working in Finance with big investment banks such as UBS, Citibank, GIC etc.
Wolf : Personally I Have used this exchange and yes this is no doubt outstanding.
Pankaj : thanks 🙂.
Wolf : Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?
Pankaj : Yes we have. We have been in business for last 2 years. In this time we have done a lot of things which were very different and new for the crypto derivs market.
for example: we were the first to launch BNB futures — this was as early as Nov 2018. We were also the first to give a very large offering in Altcoins swpas.
For example: we were the first to launch BNB futures — this was as early as Nov 2018. We were also the first to give a very large offering in Altcoins swpas
we were also first exchange to offer IRS and exotic options on BTC — we are the only exchange to offer such products.
so we have always had a very aggressive product pipeline and roadmap and we have delivered on that — I can safely say our’s is one of the most advanced derivatives offering (product wise).
we also faced challenges in this starting from systems that can take such heavy load and challenges around liquidity.
this helped us build and solve for this problem. We built a trading engine specifically for the use case of Crypto Derivatives.
Our engine is written in Erlang — other than us only Deribit is written in Erlang I believe. Erland helps us achieve low latency and offer many products.
We also have a very strong roadmap for this year.
Wolf : Great.
Pankaj : 1Q-2021
Launch Options chain ✅
Launch spot trading in DETO and selected cryptos
Launch robo trading strategies ✅
Native apps for Android & iOS
Localise website and trading terminal to support multiple languages
2Q-2021
Options position builder tools
Options analytics
Enable sub-accounts
Support for multi-asset collateral
we will be launching our token DETO and spot markets on those by the end of this month
Wolf : Awesome 👌🆒️🙌… Any key partnerships and investors associated with Delta Exchange?
Pankaj : We have some very good investors associated with us.
Our investors include : Aave, Kyber Network, CoinFund, Sinoglobal, LuneX venture, QSN by QCP, BR Capital, TomoChian etc.
Wolf : Final Question:- What are the salient features of $DETO? How can one buy or earn DETO?
Pankaj : DETO has features of both CeFi and DeFi.
Just as DeFi coins, we have AMMs and liquidity mining.
we will be the first exchange to bring Liquidity mining in central derivatives space.
Salient features of DETO:
1. Trade Farming: Traders earn DETO proportional to their trading on Delta.
2. Liquidity Mining (AMM) on single currency pools (BTC and USDT) and more will be added eventually.
3. Robo-Trading: Earn potential yield and DETO by investing in trading strategy pools.
4. Minimum Support Price (MSP): Delta will accept DETO for >= $0.10 as trading fees.
5. Buybacks: Delta Exchange will use a part of the fee earned on the exchange to buyback DETO.
5. Staking and Exchange Utility: Staking with fair lock-up periods. Use DETO to pay fees, use as margin, etc.
In order to earn DETO, one can participate in our liquidity mining or trade farming activities.
above thread has the details
Wolf : Awesome 👌🆒️🙌 … let’s move for the Community Q
Now Group Question & Answer Session 1 Began
Q1. Which one of these aspects important for you?
A-Increasing Token Price&Value
B-Empowering Platform Development
C-Building Community Trust
D-Expanding Partnership Globally
Pankaj : The most imporant thing for us is “Customer Delight!”
If traders on our platform are happy than our job is done. That is why we continuously bring new products that are not available on other platforms
that is why we are adding AMMs and liquidity mining, so that we can have the best orderbooks in the market
If traders are happy then that is happy community and then B, D and A happen by themselves.
so we focus on just making sure that we provide best experience and offer unmatched trading products to create “Customer Delight!”.
Q2. As a trader like me, the safety of my funds is my first priority before choosing any platform for trading and investing. How secure is Delta Exchange? What technology & programmable security did your team develop to build a very secure platform?
Pankaj : We take security and safekeep of funds very seriously.
We keep funds with best custodians in the market: BitGo, Curv.
We also don’t store any private keys on internet. All withdrawals are checked and cleared manually only after a review.
Even with custodians funds are in multisig wallets to ensure high security.
Q3. How do you compete to attract traders to #Delta with major exchange that provide many features such as OKex, BitMax, Binance? give me 1–3 reasons why I should choose #Delta ?
Pankaj : 1) Products available on Delta are not available on these exchanges. For example options: We offer options on BCH, XRP, LTC, LINK, BNB etc. These are not there on these or other exchanges. We also have the largest offering on ALT-BTC pairs perpetual swaps.
2) We are the only exchange to offer RoboTrading — so one can participate in algo trading by just contributing to an automated trading strategy.
3) We will also be the only exchange of offer Liquidity mining to earn our token. So one can contribute to the ecosystem and earn our token.
Q4. What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Pankaj : 1. Launch of our $DETO token and rolling out Liquidity Mining Pools.
2. Launching Delta’s native mobile apps.
3. Spot Markets
these are our Q1 targets. I have also shared the read map for Q2. We look at 2 quarters at a time 🙂.
Q5. It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make this project sustainable for its?
Pankaj : We are not a new project, we have been in business for 2 years already and have a good set of active customers, revenues and investors.
In this regard we are very different than many projects and we have chose to build first and then launch a token.
Now Group Question & Answer Session 2 Began
Q6. I see your project have some partners but who are the main partners of Delta Exchange ?What are the benefits of cooperation with the Delta Exchange ecosystem?
Pankaj : Our investors and partners include above mentioned
we work with our investors closely and on strategic level such as in building product, liquidity on the exchange etc.
Q7. How Can I Be Engage In Providing Liquidity And To Claim The DETO token?
Pankaj : Yee, you can take part in Liquidity Mining and earn tokens, after $DETO is listed on Delta Exchange.
Q8. What is total supply ? Are your plans to focus on market or to grow community?
Pankaj : Tokenomics -
Q9. #Delta team: We are 3 cofounders we come from experience of working in Finance with big investment banks such as UBS, Citibank, GIC etc.
Is these partnership are mentioned in your website? Or where I can find this?
Pankaj :
https://www.delta.exchange/about-us
Q10. For any trader, Trading / deposit, withdrawal fees are very important ! So, can you share some details about your fees structure of Delta Exchange ?
Pankaj : we have very low and competitive fee
https://www.delta.exchange/fees.
Now the session ends with lots of thanks to our Guest Speaker…
Here are some important links of Delta Exchange ⛓⛓
