Basic information

Time: 03:00 PM UTC | Nov 9th

Project name: Metavault

Host: Kent from Barmy

Guest speakers: AJ Crypto & Anna from Metavault

Main content:

• Segment 1: Introduction
• Segment 2: Twitter’s questions
• Segment 3: Live Q&A

MAIN CONTENT

Hello you guys, I’m Kent from #BARMY. I’m here to be a companion with all of you through this AMA today. 

Welcome to our guest AJ Crypto – AJ Crypto from MetaVault.TRADE. Are you excited today? 😊

AJ Crypto: Hello guys and thank you for having us today! Me and Anna will be taking questions from the Blockchain Army and the community regarding the project we’re working with called MetaVault Trade.

Anna: Thanks for the intro everyone! Happy to be here
Kent: Welcome Anna

AJ Crypto: We’re super excited, personally I have been looking forward for this AMA for a while. 

Segment 1: Introduction (5 questions)

1. Could you please introduce your project and your vision to us?

Anna: We‘re a decentralized spot and perpetual exchange on the polygon network. We are a friendly fork of GMX, with many benefits for Stakers as well as Traders of our platform.

AJ Crypto: Developments started December 2021, the presale of MVX was mid April till May, the platform operational launch was June 1st with leverage trading enabled in mid June.

The idea of sharing all the platform revenue to his investors / stakers to be a partner not a service provider to his community/investors. Technology that is mostly available to whales is now open to small retail investors as well, in a nutshell. 

This is partly thanks to the low fee structure on Polygon. Metavault.Trade is a spot and perpetual dec. exchange

We provide spot swaps with limit orders and Perpetual trading (short & long up to 30x leverage) with trigger orders (limit order for open, close positions TP / StopLoss)

Kent: Wow, I have to admit that introduction is so impressive
It’s done? My friend
AJ Crypto: Don’t have the sticker “tick” I will just put a thumbs Up. We can proceed with the next question.
Kent: Let’s keep moving on the next question

2. Could you please introduce your core team members and what are their role in MetaVault?

AJ Crypto: The core team is couple friends that have a background in crypto investing and IT. There are  7 developers working on MetaVault at the moment. They thought long about how they would like applications to work. After extensive research, which was always a mutual hobby, Steve found GMX and started investing and testing it out. 

Also we have 5 people on business development and strategies.

Kent: Cool, I believe that with such an experienced team, MetaVault would be able to go further and further.

3. Tokenomics has been seen as the heart of every project. Could you share with us about your tokenomics?

AJ Crypto: The maximum supply of $MVX is 10,000,000.

Minting beyond this maximum supply is controlled by a 28-day time lock, an eventuality that will only be considered if the demands of the protocol needs an increase of the supply.

Circulating supply changes are dictated by the number of tokens that are distributed through other DEXs, vested, burnt and spent on marketing.

$MVX allocations are:

• 1.2 million for marketing, partnerships and community development
• 6 million reserved for rewards (as esMVX which can be converted over time to MVX)
• 1 million for liquidity on Uniswap (reserve held in the MVX-Multisig)
• 300,000 for MetavaultDAO team (linearly vested over two years with a three-month cliff)
• 1.5 million allocated to presale 

Kent: Wow, that is really detailed, and with a bunch of advantages, investors will be impressive by how great MetaVault is doing as well.

AJ Crypto:: We had couple GMX early investors as well

Kent: And our community want to know about MetaVault’s Partners.

4. Partnership is always one of the most important aspect of every project. We just want to know more about MetaVault’s partners.

AJ Crypto: Of course! We are happy to announce we have partnered with MM Finance last week and are taking the first strategic step to act cross-platform in the whole Polygon ecosystem!

Many may ask themselves what exactly is the deal with a Co-DEXes cooperation as such: Both of our Teams have decided that as an ensemble, borders can be crossed and innovative business decisions can be formed.

Also we’re partnered with KyberSwap Firebird Finance, MaticNews and Polygon Alliance, Exodus wallet and others that I might not remember at the moment. 

Anna: Furthermore, we have already got the splendid news that 1inch has intgrated us, but the integration is still under review by them, so it will be a small period of time until this will be announced as well!

Sneak peek👀 We have partnered with a valuable project, to soon be able to implement cross-chain leverage trading on our platform.

AJ Crypto: We’re working non stop Kent! Growth is our main target right now

Anna: We are taking a slightly different path to our parent protocol GMX, and keep showing that we are innovating to differentiate ourselves😊

Kent: I love it my friend, AJ Crypto Anna . 

5. In this boring market situation, investors are considering about project’s roadmap. Could you share MetaVault’s roadmap with our community?

AJ Crypto: For one, the whole project is open source and decentralized! This is the first benefit for users that start to distrust centralized services. There are many things that make us stand out, for one it’s the 100% of platform earnings that we split up between MVX and MVLP stakers. We also offer more price-feeds that can prevent liquidations through temporary wicks and allow for a fast and cheap execution of trades with zero price impact.

Being the first #RealYield platform on Polygon has been a major milestone and one of the first fully operational GMX friendly fork. We are now improving user experience with better charting, easier compounding and cleaner UI.

Also we’re working on launching options as well on our platform. This will allow our users to trade many different assets under one dApp.
These are some of our milestones we want to achieve in the short term. Maybe Anna has something to add I might have missed

Anna: Some other Short term goals:

To implement the new trailing stop feature on our platform

Gasless functions (For transactions of over 25k+)

On our Roadmap, we are developing to extend our perpetual features (synthetics & forex).

Also, a new dApp is launching soon to support major developments.

For the beginning of next year we are planning to go multi-chain!

For more, visit https://docs.metavault.trade/roadmap

AJ Crypto: During bear market we’re building and growing despite the crypto mood at the moment. As you may see above the charts have a substantial growth!

Kent: Amazing, imagine how huge your community will reach…

AJ Crypto: We had a growth of 300% on traders alone from last month (Oct-Nov)

Kent: It’s really good my friend.

Segment 2: Twitter questions (5 questions)

Kent: We have chosen 5 best questions from our audience from Twitter

6. According to statistics mainly 60-70% of the trading volume on MVX is still spot. While on GMX 70% is Future. In fact, Future is the main source of income of the exchanges. What is the team’s plan to increase future users and find new users?

AJ Crypto: Our highest volume is on swaps at the moment, or “spot”. This is where we generate most of our fees which go back to the community. Our plan for the future is to launch options, synths, cross chain functions and other assets. We’re working on development as we speak!

Also we’re working in different marketing campaigns to attract as many traders as we can like “referral campaign” or “trading campaign” which will be launched very soon with amazing prizes!

If you would like to take a look at our stats and our user growth please visit: https://stats.metavault.trade/

Kent: Good question & good answer ^^

7. Considering that DeFi is still unfamiliar to many, how does #MetavaultTRADE manage to ease the way through the technical and psychological barriers to provide a simplified and easy to use architecture so everyone in the world can feel good about investing and riding the crypto?

AJ Crypto: We’re working with influencers and professionals launching explanations videos on different platforms. We do also written articles from many platforms like medium or threads on twitter, etc… We’re trying non-stop to educate the new members that are joining metavault on the right way. DeFi might be a little complicated but we’re doing our best.

There’s so much information about MetaVault on our website as well under “docs”. It’s very important for our users to understand the benefits of our dApp and our platform!

I hope this answered the question. Good question by the way!

We get so much information thrown at us on daily basis. It’s important to filter it and get the best out of it!
Anna: Informative content is the best content! That‘s what we are non-stop producing.

Kent: Done my friend. I love it

8. Staking is one of the most attractive way that exist through the DeFi system where users generate passive income. With that, can you tell us more about staking program and various ways through which users can participate in your staking program?

It’s a good question. And we wait for the best answer ^^

AJ Crypto: Of course, staking is very simple and you can do it on our dApp under earnings. You can stake your MVX and generate passive income daily. At the moment the the APR for staking is 50%. We give back all the fees we generate and 30% of these fees go back to stakers.

So far we have generated $682.733 in fees. On staking we dont have any lock time or fees. You can stake and unstake whenever you want. The same goes for the LP but on LP people get 70% of the fees!

If you would like to read more about our MVLP. Please take a look at https://docs.metavault.trade/mvlp

Anna: Stay tuned for this week‘s APR‘s, (On friday) they will probably be higher than usual, so this means higher returns on earnings for MVX and MVLP Stakers!

AJ Crypto: Every Friday our APR for staking and LP resets based on the fees generated from the previous week

9. To be a great platform for both Investors and for it’s users Transparency and security is important. Can you tell us some details about your transparency (likes team members) and your security mechanism. Have you already completed the audit of your platform?

Anna: The source code of our Project, being GMX was already audited by abdk consulting, however we have recently completed our own Audit by tech rate.
This was also a huge Milestone for us!

AJ Crypto: We have 7 developers in house working on MetaVault as I mentioned before and we’re working non-stop to have a secure platform.

Anna: All of our Developers and Team members come from professional backgrounds and are all Seniors

Anna: The source code of our Project, being GMX was already audited by abdk consulting, however we have recently completed our own Audit by tech rate.
This was also a huge Milestone for us!

AJ Crypto: We have 7 developers in house working on MetaVault as I mentioned before and we’re working non-stop to have a secure platform.

Anna: All of our Developers and Team members come from professional backgrounds and are all Seniors.

10. Partners are very important for the project especially in the long term. Can you please list some of the partnerships of Metavault? Do you plan to be active in having more partners in the future?

AJ Crypto: I think I answered that question already. 

We are growing and expanding our partnership deals non stop. We are happy to announce that couple days ago we partnered with MM Finance and are taking the first strategic step to act cross-platform in the whole Polygon ecosystem!  Some other partner we would like to mention are KyberSwap, FirebirdFinance, Polygon Alliance, MaticNews, Exodus wallet etc..

Anna: Sure! Furthermore, we have already got the splendid news that 1inch has intgrated us, but the integration is still under review by them, so it will be a small period of time until this will be announced as well!

Sneak peek👀 We have partnered with a valuable project, to soon be able to implement cross-chain leverage trading on our platform.

Segment 3: Live Q&A (5 questions)

11. Truly, you’ve done AMA in many telegram groups, so what next, what other way will you make your project more popular?

AJ Crypto:  We’re having many KOLs working with us and helping us spread the word. Also we do different marketing campaigns. 

One of them is live on crew3: https://twitter.com/MetavaultTRADE/status/1587838085139558402?s=20&t=1krqHdRwzYpOVNFWC2ywKA

12. According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

AJ Crypto: Our top priority right now is getting more traders to use our DEX. We have seen a lot of drama lately with CEX. I was looking at pinned messages here and a lot of people lost money on CEX, some they can’t even withdraw their funds. We are focused on building and generating more volume.

13. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

AJ Crypto: As we said, we love to focus on informative content, so that users who may be beginners in crypto can also understand what we are doing, and our benefits! We are trying to simplify everything we can

14. 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?

Anna: We have just yesterday shared a governance vote with our community. Votings are always done publicly.You may vote to our current topic here: https://tinyurl.com/yc8fd4n7

15. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?Can you share your social media links so we can keep ourselves updated?

AJ Crypto: We have couple ambassadors on our team and KOLs. We also have an ambassador program so if you think you’re fit for the position please feel free to reach out.
Anna: Amazed by the drive of your community! 😁

AJ Crypto: Thank you guys for the interest on our project, most of them were botted
But I tried to answer the best ones. Thank you Kent for your time! Please DM me with the winners.

Anna: Hope you enjoyed our AMA, we thank you for hosting it @M_r_Kent

Kent: This is the end of our AMA today. 😊

We will post Winner Announcement and AMA Recap in our Group soon.

Thank you for joining us, it is our pleasure to have you here today.

AJ Crypto and Anna, thank you very much ❤️

CONCLUSION

Up to now, Metavault has had outstanding growth with an ever-expanding ecosystem, promising to thrive in the near future.

Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice.

Barmy strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.