RECAP AMA EPID COMMUNITY X DESPACE

🗓️ Date: 11th September 11 AM UTC | 6 PM (GMT +7)
🏚Venue For AMA: @EPID_Community
💰Reward Pool: 100$

➡️Part 1: Project Introduction.
Q1: Can you give a brief introduction of what DeSpace is? What is it aiming to do, and what it intends to solve in this industry?
A:
DeSpace is a DeFI & NFT Ecosystem. We are bringing the much needed solution of aggregation to the Crypto world. All your DeFi and NFT services in one easy to use interface. Users will be incentivized by earning DES coins when completing transactions while you aggregate across multiple crypto platforms. With our cross-chain capabilities, users will be able to trade assets across many different blockchains allowing them to utilize only one platform as opposed to multiple. There’s many more features to discuss so I strongly recommend your community reading our SpacePaper to divulge into more details.

Q2: Can you share some of your background and experience? How did you know and get involved in cryptocurrency? What made you/your team decide to found DeSpace?
A:
My background is in sales and business development and I come to DeSpace with an array of skill sets in sales methodologies, relationship building, team training, account management, branding and marketing. I found the love for cryptocurrency in 2016 through a friend who was trading BTC at the time and have been helping several projects since, the latest being vital to the successful launch of Mochi.Market and now bringing my expertise to DeSpace 🔥🔥

Q3: Currently, there are many scam projects that cause investors to lose. So, Why we should choose and trust DeSpace?
A:
There are many scam projects unfortunately, but that is the space we are in being the wild wild west of crypto. However, DeSpace is a trustworthy project, with a fully doxxed team, being audited and the majority of our team have been involved in other successful trustworthy projects, so you can rest assured we will deliver on our promises. 😁👍

➡️Part 2: Question From Twitter (5 best questions).
Q1: @Salorric
I could be explicit explaining to me if, users when transacting within the DeSpace ecosystem are exposed to their identity being revealed or if there is anonymity and on the other hand, how performance agriculture executed in DeSpace works and how I can start earning from it?
A:
We take security of our project seriously and is one of the reasons we are currently being audited and this is also why we have a dual algorithm to secure our blockchain. DPoTS is a unique algorithm that matches the combination of Decentralized Proof of Transaction (this first layer of the algorithm allows anyone who execute valid transactions on the blockchain to mine DES) and Delegated Proof of Stake (here, those who hold and stake Des coin serves as the second layer algorithm that validates transactions being executed and forged at the DPoT layer, and in return the stakers earn DES coins for their effort).

Our algorithm is unique in the sense that it ensures decentralization, secure transactions, and an excellent incentivization system that accommodates everyone.

The DeChain and DeSpace ecosystem will use a zero-knowledge (ZK) roll-up and employ a hashing feature. Users private keys would not exist on the chain but would be necessary to sign transactions. For cross-chain or multiple chain transactions, a user has to be a member of a layer-1 channel, and to participate in a channel, users have to provide a key, which only they know. This key would be different from the private key and will be either a seed phrase or a hexadecimal value. This would be used to verify against this channel. While the network isn’t aware of this key, using the ZK algorithm can verify that the user knows the secret key and is a member of that channel providing the user with a high level of security.

Q2: @NickSou234
Is your project a local project or a global project ? anyone use your services from anywhere in the world? Is there any restrictions of using your service?
A:
definitely a global project, our team is united from around the world, just as our users will be 😄

there won't be any restrictions from our end, we will be open for all to use

Q3: @airdropkaya
What is the token's role in the ecosystem? Where can people buy right now? what will it do? Is your platform suitable for Crypto beginners? Or is it limited to professional users only?
A:
Our native token $DES will be used for incentivizing AMM providers on DeSwap. Mining rewards for those users completing transactions on our platform, or on a 3rd party service via our platform. Staking rewards for those HODLERS that wish to hold our beloved token to earn passive income. Our token will be able to be used to buy NFTs on our marketplace and used for loans on DeLend. You will be able to purchase our DES token during our IDO across Duckstarter, Poolz and A2DAO on the 20th and 21st of September.

DeSpace is aimed at the beginner user, but I am sure even experienced users will love the face they can have all DeFi and NFT services in one single easy to use interface and while they are going about their usual activities they are mining DES coins just by performing transactions! Everything has been designed for the newbie investor so it is easy to understand and navigate.

Q4: @TonL45597375
There are so many projects waiting for rug pulls with bad intention from dev. How safe is to invest and trust your project with anon team that your project is 100% legit ? Have you done any Audit for trust and security?
A:
This person has clearly posted a generic question without looking at our project 😂 as our team is 100% public and not anon at all lol and we are currently undergoing an audit by Immunebytes to give peace of mind to our investors and members.

definitely safe to invest in DeSpace

Q5: @caiDuma13
How important do you consider the community in the success of this project, what marketing skills are you using to build a strong community and audience , is there any AMBASSADOR program?
A:
Yes! Community is vital to the success of any project, without a great community a project will struggle to succeed. Also without users our platform has no purpose, so it our job to reach far and wide both within the crypto space and outside. By partnering with high profile projects and marketing campaigns we will spread our wings into the existing crypto market. When people hear that they can earn $$ just by performing their usual transactions but via our platform, coupled with having the ease of use and everything in one platform, the word will spread! Word of mouth is a powerful tool, and as they say the proof is in the pudding. Build it and they will come. Despace is designed for even the most inexperienced users, being a one-stop-shop for everything our platform will grow to be one of the most used in the industry. Being designed for the inexperienced we will be able to market to non crypto users as well. An ambassador program has not yet been announced but there may well be one in the future so stay tuned and up to date with all our latest announcements 🙂

➡️Part 3: Free asking (5 best questions)
Q1: @lodada1
Partnerships are crucial for Adoption, so can you tell us what partners you have currently and future partnerships
A:
We have built some great partnerships to date in our early stages with the likes of Polygon, MantraDAO, SpiderDAO, A2DAO and many others and some that shall be revealed shortly 😉

Q2: @Sahidul990
NFT is hype nowadays and many projects are integrating on it. What are your plans for NFT integration in your platform ?
A:
Currently we are expecting our testnet launch of our NFT PAD this month, so it is exciting times with alot of interest from our partner projects, as we will be hosting limited edition NFT collections for auction.

NFTPad
o Mint, mine and win DeSpace NFTs in a gamified system
o Trade on DeSpace’s own auction site and earn greater transaction rewards
o Unlock extra rewards by staking DeSpace NFTs, or combine them to unlock greater rarity items

Q3: @srcc20
Currently, Gas Fee is the problem of small investors like me so Your project have any plans for any other platform to optimize gas fees like BEP2, MATIC ....?
A:
great question, gas fees are a huge issue on the Ethereum network and is why on launch we will be trading on Pancakeswap, our token will however also be a tri-token Ethereum, BSC and MATIC

Q4: @Sadia112233
What is your advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing?
A:
The main features that distinguish DeSpace from its competitors is having our own blockchain and being able to aggregate with any DeFi service, Dapp, Blockchain and NFT platform. We are simplifying the space for the user and rewarding them in the form of $DES at the same time just for using our platform.
Check out the rundown on our platform features

· NFT and DeFi aggregators
o Trade NFTs from major marketplaces and access a range of DeFi services, all from a single interface
o Cross-chain interoperability makes it easier to find where your investment will work best
o No additional fees and DeSpace transaction rewards mean you earn every time you use DeSpace aggregators
· NFTPad
o Mint, mine and win DeSpace NFTs in a gamified system
o Trade on DeSpace’s own auction site and earn greater transaction rewards
o Unlock extra rewards by staking DeSpace NFTs, or combine them to unlock greater rarity items
· DeSwap
o Trade on DeSpace’s own decentralized exchange, with low fees and fast settlements
o Take control of your trades thanks to DeSpace’s cross-chain compatibility – users can swap on any supported chain
o Staking and LP rewards give competitive yields, and LPs for other exchanges can farm on DeSpace
· DeLend
o Take advantage of the full power of DeFi with DeLend, our decentralized lending platform
o Stake DES or other supported collateral to receive stablecoins
o Dynamic interest rates encourage lending when demand is high, and encourage borrowing when demand is low
· DeChain
o The beating heart of DeSpace, DeChain is our cross-chain Layer-2 solution.
o DeChain combines Delegated Proof of Stake and Decentralized Proof of Transaction (DPoTS) consensus methods to provide security, speed and high throughputs, as well as rewards for every transaction

Q5: @duyvuu
Liquidity is the challenge of defi, how does Your Project solve this problem?
A:
Our project will solve the issue of liquidity by aggregating all of the major DEX's like uniswap and pancakeswap, and the major NFT marketplaces like Opensea and rarible, below is a breakdown of a couple our product

DeFi & NFT Aggregator: the Aggregator comprises of a DEX, Lending, Staking and Yield Aggregator; and also a fully functional NFT aggregator.
3. Native DeFi Solution: DEX (DeSwap) is a multichain Dex powered by Dechain; Lending Protocol (DeLend) and Staking Protocol (DeStake)