Recapitulation of DALTA EXCHANGE PROJECT AMA event held at AMA LOVERS CLUB.
Date: Thursday, 18th February, 2021
Time: 15:00 UTC
The DALTA EXCHANGE PROJECT team was represented by @Pankajbalani who judiciously shared with us detailed knowledge and information about DALTA EXCHANGE PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the Team working on the DELTA EXCHANGE Project?
ANS: We are Delta Exchange. We are a derivatives exchange.
1) Perpetual swaps on Bitcoin and 65 other coins. Customers can trade them with upto 100x leverage
2) We offer options on BTC, ETH and other altcoins such as BCH, LTC, XRP, LINK, BNB etc.
we are the only exchange to offer options on Altcoins
We are 3 cofounders.
We come from experience of working in Finance with big investment banks such as UBS, Citibank, GIC etc. and from tech background.
Q2: Can you introduce the DELTA EXCHANGE Project, what critical problems does it solve that existing solutions are not solving and what's the competitve advantage?
ANS: We focus only on derivatives and that is why our derivatives offering is one of the most advanced in the market
We have introduced a bunch of new innovative products in the crypto derivatives space
1) We were the first to start offering perpetual swaps on smaller coins such as BNB (opened perps in dec-2018), NEO, LEO, RVN, KNC, AAve and a bunch of other names
2) We are also the first and only exchange to offer options on these altcoins
3) We introduced stablecoin settled derivatives in cryptos way back Jan-2019
4) We launched interest rate swaps for people to swap their variable interest cost with fixed interest cost
Q3: Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Regarding milestones achieved I had already mentioned a few above
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
Options position builder tools
Support for multi-asset collateral
Enable portfolio margining
Enabled Custody-less trading by leveraging smart contracts based margining & settlement
Launch FIX APIs
Launch multi-legged orders
Native desktop apps for Windows & iOS
Portfolio analytics and tax computation tools
we have a very strong feature pipeline and we are on track with our roadmap for this qtr.
2nd Segment: LIVE Questions
Q1: Security is very important for trading platforms or exchanges, How about the Delta Exchange platform security system? What types of security technology systems does Delta Exchange use to protect user assets?
ANS: We take security and safety of user funds very seriously.
We keep funds with best custodians : BitGo, Curv.
All withdrawals are checked and cleared manually only after a review
We don't store any private keys on internet
Even with custodians funds are in multisig wallets.
Q2: Can you please talk more on Minimum Support Price (MSP)? How profitable is it for users?
ANS: MSP is applied when users use DETO to pay fee on our platform.
users can pay a part of their fee in DETO (25%). When we accept DETO as fee we accept it at a price which is higher of market price or MSP ($0.10)
Minimum Support Price (MSP): Delta will accept DETO for >= $0.10 as trading fees. So even if price is less than $0.1 we will accept it at $0.1, when we are accepting it as fee.
Q3: How efficient and effective has Robo Trading been since its launch? How much percentage profit do you foresee that it can give a subscribed user? Also, can you share with us the various Robo Trading subscription plans?
ANS: Since the launch the strategies have done pretty well. This is largely because most of the strategies are momentum chasing and market has been in a strong momentum.
on the strategies page one can see the performance since inception and on a daily, weekly basis
do check out here: https://www.delta.exchange/robo-trading/strategies.
Q4: What Referal policies will Delta Exchange have for users when they introduce and invite more people to use the platform? What plans does Delta have for mentoring and educational programs for beginners to enter the crypto market?
ANS: We have very strong referral programs.
We offer 15% in referrer commissions and 10% off in fees for the referrals.
We also offer 40% Referral commissions for special affiliates.
Details here: https://www.delta.exchange/referral-program.
Do make sure you join our group for upcoming token updates: https://t.me/DeltaExChat
Also we have a sign-up offer going on currently - Get up to $100 as a first deposit bonus when you sign-up on www.delta.exchange
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