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    AMA Recap: BC Blue Sky Ventures & DMEX

    On November 12th, 2021, our community had a chance to Mr. Rufus Jiang – CTO Of DMEX to join in an AMA to give fruitful information about the key features and roadmap of DMEX – is a decentralized mining power financial service platform utilizing DAO and smart contract to provide innovative DeFi and NFT products.
    🗓Time:
    8 AM UTC / 15:00 PM UTC +7 Friday, November 12th, 2021
    🏠Venue: https://t.me/BCBlueSkyVentures
    🎁Reward: 100$ DMC

    Question for Part 1- Project overview

    Question: Can you give me brief introduction about DMEX ?
    Rufus Jiang:
    Of course. DMEX is the world’s first decentralized mining power financial service platform
    DMEX provides an innovative NFT tokenization service for various underlying assets such as IPFS/Filecoin, BTC, and ETH mining power based on the ERC-721 protocol.
    DMEX is also compatible with multiple smart contracts and public chains based on the Ethereum architecture, such as the Binance Smart Chain and the Huobi Heco Chain.
    There are many mining power vendors out there, however DMEX is the first one to offer a decentralized mining power NFT service.
    Why NFT? By tokenizing mining power assets into NFTs and integrating DeFi protocol, DMEX solves the transparency issue of traditional cloud mining platforms, mitigates flight risk, and improves mining power asset liquidity.
     

    Part 2: 5 questions pre-collected by Twitter

    Question 1: @KiyokoSumaru
    In how many ways or what are the ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself? What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
    Rufus Jiang:
    The DMEX platform’s Mining Power Service Model consists of four parts, let me introduce them one by one
    Firstly, Mining Power Transaction
    Users can purchase mining power NFTs in DMEX’s Mining Power Marketplace to receive a daily mining income.
    Secondly, Mining Power Collateral Loan
    Users can borrow crypto tokens by pledging their mining power NFT assets as collateral. While the mining power NFT is being pledged as collateral, it can still generate a stable daily mining income for the users. This mechanism is designed to maximize the value of mining power assets.
    Thirdly, Single Token Mining
    Users can deposit several types of tokens in DMEX’s single token mining pool to obtain DLP and earn a mining output. Subsequently, users can reinvest the DLP in DMEX’s Proof of Work mining pool to earn more DMC rewards.
    Fourthly, Liquidity Mining
    Users can earn the platform token DMC by adding liquidity pairs to DMEX’s platform liquidity pool. At present, DMEX supports USDT/DMC, HUSD/DMC, and HT/DMC liquidity pairs.
    I hope these answers your question
    Question 2: @Sang84735866
    Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?
    Rufus Jiang:
    Speaking of which, it’s actually quite interesting. The core members of our founding team all had early experience of buying their own mining machines, and had all stepped in the same puddles, so we met on a forum, discussing how we could improve the crypto mining industry and started the business.
    The whole process of mining, from buying a mining machine, to choosing a mining farm and settling the mining revenue, is a long and tedious process, and only those who have experienced it first-hand know how difficult it can be
    Nevertheless, the mining revenue generated once the machine is operating smoothly is very exciting. This gave our team hope and we decided to develop a mining power financial service platform that would allow average users to participate in mining for a stable income.
    Question 3: @Nht25456236
    The mining power is reflected into NFT assets which are compatible with Ethereum blockchain and Huobi Heco chain, in fact, you have both options on your website, how is mining different from these two chains and how are they related to each other at the same time?

    Rufus Jiang:
    For users, there is no substantial difference between participating in mining on ETH and HECO, the only difference lies in the mining revenue obtained and the way to participate through which chain
    In general, HECO will incur smaller participation costs as the gas fee on HECO is much lower than on Ethereum; recently DMEX has also cross-chained to BSC, which is a new blockchain ecosystem with a mature environment, it supports EVM programmability and cross-chain interoperability, shorter block times and lower gas fees.
    I would strongly encourage you to try DMEX on BSC
    Question 4: @Ibrahem24254134
    What are the main features of the Project that make it easy for users to see the difference in the way it works and what novel features are better than other projects? What advantages and competitive factors make you confident to dominate the DeFi market in the near future?

    Rufus Jiang:
    The DMEX platform offers effect mining power in the form of NFTs (Non-Fungible Token). This enables the decentralized transfer or resale of mining power NFT assets.
    Users are entitled to receive a stable mining income by holding the mining NFT for various length of periods.User are also free to trade their NFT and utilize various DeFi tools, such as NFT collateral loan and NFT mining, etc.
    These financial innovations allows the user to lock in stable mining income in advance, as well as securing multiple incomes with a combination of various DeFi instruments.
    By tokenizing mining power into NFT, DMEX has the following advantages
    1) Clearly defined effective mining power. All mining power NFT on the DMEX platform is fully effective storage mining power. Users can start mining and earning the mining income immediately upon purchase. All information on the mining power is entirely transparent and fully verifiable on chain;
    2) Independent node information, accurate corresponds to each mining power NFT. The NFT holders is guaranteed to be the sole owner of the actual mining power.
    3) Mining power NFT is transferable. Users are free to trade their mining power NFT on the DMEX platform or other platforms that support NFT transaction.
    4) Mining power NFT holders are free to further utilize various DeFi tools such as the NFT collateral loan and NFT mining to earn a compounded income.
    Question 5: @ellieyourname
    What tools has DMEX built to improve performance farming and bring the “honey”of passive income to users? What are the most optimal strategies for depositing the underlying funds in the yield farming protocols that DMEX provides?

    Rufus Jiang:
    Firstly, DMEX chooses to partner with high quality mining power providers to guarantee users’ basic mining revenue
    Secondly, DMEX users can participate in liquidity mining and PoW mining to earn the platform’s token DMC, all the value generated by DMEX platform will be manifested in DMC, and more DMC application scenarios will be launched one after another. Ultimately, the goal is to link miners and users and release the maximum value of crypto mining power.
    If you are seeking fixed income, you can purchase our mining power NFT products or join our mining pools. for the mining pools, you are free to deposit and withdraw as you go, and the mining income is settled daily
    If you are more experienced with crypto, you can participate in our mining power NFT collateral loan product, by pledging your mining power NFT to borrow more crypto assets. We have measured that the APY can reach 200% for multiple cycle of borrowing, which is quite a good and steady reward.

    Part 3: Guests will choose 5 best live questions from members to answer directly in the group

    Question 1: Đây là nhóm chính thức của ứng viên giao thông
    https://t.me/DMEX_Chat
    @RoyXu0026                                          
    Rufus Jiang:
    Ugh, this certainly caught my attention
    And yes this is the link to our project chat group
    Question 2: Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?? @Girl912
    Rufus Jiang:
    Rest assured that we are fully audited
    DMEX fully utilizes smart contracts to minimize human errors and dishonest activities, thereby protecting users rights. DMEX is twice audited by two internationally renowned crypto project auditors, Chengdu Beosin Security and CertiK.
    Beosin: World renowned Blockchain security service provider
    Access the audit report: https://beosin.com/query/index.html#/
    Report query ID: 202102091830
    Report query Name: DMEX
    CertiK
    Access the audit report: https://www.certik.org/projects/dmex
    Question 3: Do you have any plans for ambassador programme role for your project growth and awareness? If yes how may I apply? @mamaemli
    Rufus Jiang:
    Yes, we hire promotion partners on a regular basis
    We have a long running community partnership program, in which we hire multi language crypto promotors from all over the world.
    We highly encourage anyone who has interest in crypto mining to apply
    Question 4: Does your tokens have farming and staking usages and if yes what APR do you give to us?Does Your project have farming and staking usages and if yes what APR do you give to us? @kimbailenh
    Rufus Jiang:
    We offer multiple mining pool options with varying APY
    At least 25%~30% for most of them
    You can deposit USDT/HUSD, FIL and DMC

    I have some earlier info graphics of our mining pools and the respective APYs
    Question 5: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project? @emgaimua23
    Rufus Jiang:
    The short answer is yes
    DMEX is proud to embrace the DAO community self governance mechanism
    All DMC holders are entitled to votings
    Users can vote to decide each and all important platform parameteres such as service fee percentage, new product listing, new mining power vendor applications, etc.
     
    For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
    🔹Twitter: https://twitter.com/DMEX_finance
    🔹Telegram Group: https://t.me/DMEX_Chat
    🔹Website: https://www.dmex.finance/

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