This month, SeaDEX’s representative Christian has gone through an AMA with the Cryptoiz Community, one of the SeaDEX Community Partners in Indonesia, on October 13th. The targeted AMA aimed a new audience to raise awareness about SeaDEX and its mission. Because of that, let’s recap all about SeaDEX, from the ideation to the primary mission.
Hello Mr. Christian how are you ? can you introduce yourself first
Good day everyone! I’m Christian, I’m the Community Manager for SeaDEX Philippines and I’ve been investing in the crypto/blockchain/DeFi space for years now and indeed learned a lot in the process, especially it’s essentiality in revolutionizing finance. I strongly believe that SeaDEX could contribute to the revolution, inclusion and spreading awareness
Before we jump to questions about SeaDEX , we want to hear your thoughts about this market situation.
The current market situation is indeed terrifying. There’s no doubt about that. Last year was absolutely a massive run, but of course, when volatility strikes, it sometimes strikes hard, also resulting in a massive bear market situation that we are currently facing. But on the other side, if you look at the bigger picture, this is the right time to build opportunities for users/people, and we strongly believe that SeaDEX is an opportunity that we are building and is one revolutionary project that will dominate in the future.
Lots of our audience wants to hear about SeaDEX. Please describe what SeaDEX is and the role in this crypto space.
The thoughts behind SeaDEX will better explain what SeaDEX is and what we’re trying to achieve for the role in crypto space.
SeaDEX is born from awareness of the current corrupted system that is controlled by a bunch of people with power. With the team’s years of crypto experience, we learned blockchain could be revolutionary and game-changing due to its core not being owned by any specific entity.
We are confident of what it is capable of and how it can change the traditional system drastically with the primary mission to decentralize mass adoptions in Southeast Asia where the crypto growth is highest among other countries, and where corruption is the highest too.
What problem will solve by the SeaDEX platform , specially in Southeast asia
One of the modern financial/investment problems that SeaDEX aims to solve is financial security and control and digital finance knowledge and awareness. SeaDEX is a decentralized exchange, “decentralized” means that there’s no mediator involved, and you have full control and security of your intangible asset. You don’t need to rely on a centralized entity just like banks, the company etc., and that is what makes it special.
One major problem in the blockchain space is the lack of knowledge of users/investors. Hype and FOMO are two factors that affect those who lack knowledge in crypto to invest irrationally, and with that being said, SeaDEX’s mission is to spread blockchain literacy and lead the Blockchain & Web 3.0 revolution in Southeast Asia by making DeFi more accessible.
What’s SeaDEX features that we can use now and how is it different from others
SeaDEX initially was just like the other decentralized exchanges with exchange, liquidity, and pool. In fact, we have always been genuinely open about the fact that SeaDEX at the core is an ApeSwap Fork.
However, there are many things we do to elevate the games, we call it SeaDEX V2. During our research on the market from the trader’s perspective, we learned about problems we face and some inefficiency that could’ve been better. Bringing in the DEX Aggregator, which completely removes the reliance on liquidity for SeaDEX and allows its members to trade any token on the BSC (for now) while we aggregate the best trades for them.
These features are info & analytics, multi-chain aggregator, trading views, trending news, and CoinGecko integrations. Is that it? No, the user interface is also a problem as users/traders, specific beginners, have a hard time digesting. We are implementing a simple, minimalist, straightforward UI that will be backed up with our full guide and education.
All of these modifications, with extra steps support in communication with the SeaDEX Academy, make SeaDEX different, pointing to the mass adoption direction.
What your opinion about the future of DeFi after lot of hacker attack
Technology is indeed significantly evolving. Those past hacker attacks through various projects are just an eye-opener for those who do business in the decentralized finance space; technology will improve but also security. Those hacker attacks are just stepping stones in building and honing the decentralized finance world. It is very scary and has a lot of negative feedback from people at the present time, but my opinion on which path the future of DeFi will go is I still expect it to succeed through the years. Why? It is certainly because of the fact that the world is transitioning from everything physical to everything digital. Sooner or later, people will be aware of the essentiality of DeFi, people will know about blockchain, people will stop using traditional financial systems, and blockchain will rule the financial world.
Segment 2
TWITTER QUESTION
Understand that SeaDEX is a Decentralized Applications focused on the Southeast Asia crypto market. However, can you explain why you chose to focus on the Southeast Asia crypto market? while Cryptocurrency is still very common to them, what opportunities do you see there? (-@langitberwarna)
The fact that Southeast Asia is the fastest growing region in global crypto adoption (source by Chainanalysis) is a benefit we are taking as an advantage hence the marketing segmentation and branding.
While it’s true the growth is rapid; it’s also true that crypto awareness and education are still lacking. Big players use these missing gaps to control the market, which is not bad as we are both working towards the same goal: mass adoption. What the competitors are lacking are objective, non biassed educational efforts inside these projects. That’s one of SeaDEX’s values.
With that being said, it is also indeed very much visible that the Philippines is one of the fastest-growing countries when it comes to crypto adoption by users and investors. SeaDEX is the leading contributor to the revolutionary movement in Southeast Asia and that what makes it special.
According to your roadmap for Q2 2022, you mentioned the launch of seadex academy. So can you tell us more features of this academy? What is required for users to engage in it? When exactly will you officially launch seadex academy? rewards for seadex academy participants? (-@dsruny)
SeaDEX Academy has been one of the project’s main pillars since the initial ideation process. As I might have already mentioned, education is the root of mass adoption, and awareness is the seed. SeaDEX Academy won’t necessarily be a feature but a program already running inside the community and will be publicly launched in the future.
As of now, we have frequently been sharing unbiased, objective, educational articles translated into three languages and sharing them with our community and community partners. In the future, on the public launch, SeaDEX will be partnering with public figures, educators, and academic groups to share and collaborate content with the targeted audience in Indonesia and the Philippines as a start. An incentive program is also discussed; details about it will be shared near the public launch. As for now, guys, feel free to check our Twitter (@seadexacademy) and turn the notification on! It’s a crypto beginner to a savvy friendly!
Why do we have to use Seadex if we can use pancakeswap with the highest liquidity to trade? (@paklatifsusanto)
While PCS might be leading the DEX Market on BSC, SeaDEX offers many features that PCS doesn’t. Trading views, trending news, lunar crush, and coingecko integration are a few of basically all the goods in many great platforms into one. Also, SeaDEX V2 is a DEX aggregator, it finds the cheapest and best swap values amongst all DEXs and presents it to its users. It will not face any liquidity issue.
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 development? (@balma344)]
SeaDEX was always meant to be fully decentralized. This means that DAO will be implemented once we reach the point where the whole system is stable. And at this point, the team is already in discussion of deciding and researching the best DAO system using competitor use cases.
Many users choose Centralized platform for Trading, Can you tell me some reasons why I should prefer Decentralized Platform especially SeaDex? (@cryptopeoplee)
So, Centralized vs Decentralized, what is the best choice for you? Those two have a vast difference. In a centralized platform, there is high liquidity and high volume, faster transactions and more; indeed a good choice of platform. However, I strongly believe that a decentralized platform is a way to go because you have complete control and security of your asset in DEX; you have freedom and independence without any mediator involved. It has a low transaction fee, and you could also avoid governmental/regulatory burdens. Basically flexible, cheaper, quicker and much safer but doesn’t rely on any centralized mediator, and of course, I strongly recommend SeaDEX’s Platform.
Segment 3
Live Questions
Question by Bach Khanh — “You seem like a driven individual. What are SeaDEX’s top 5 objectives? “
I am not an individual, SeaDEX team is a group of driven people but SeaDEX alone should be separated from the person behind it. So to answer, 5 objective is too broad, here’s one big objective we are looking at. The most adopted, easy, and fast exchange in southeast asia.
Rahmat Arya — Staking program is essential for any project,Can I stake $SEAX token?and Do you have any plans to start a staking program?
You can already stake SEAX now, just visit our website, go to farm menu. There you can already do the staking
Jajang Sd- According to the project’s roadmap- what are your most important next priorities?
Next priority is to fully implement the SeaDEX V2. Lunar crush integration, Trending news integration, multichain dex aggregators, SeaDEX Launchpad, SEA Stable coin, and finally DAO.
As for communication partnership with DeFi projects, Southeast Asia community launch 2 (Vietnam, then Thailand, and so on), project details in supported language as well as strategized region specific marketing, NFT collaboration, etc. Regional expansion as we grow, with each having their own team and specified strategy based on regional situations.
And our pillar, SeaDEX Academy, partnering with educators either personal or group to spread blockchain literacy. SeaDEX believes the first step of adoption is awareness. Current effort is frequently posting educational content that is not quantitative but qualitative. Next step is onboarding partner and aggressive in the socials
Ardiansyah2003 — User experience is a very important issue in most projects. Does your project focus on this? What has you done to bring the best user experience, especially to new users?
Precisely. UI is underrated but actually important. Before the brain process, eye does. And the easier the user experience will be, the eye pleasing design be, it will be easier to do the whole process. This is what we are also focusing on, the easy UI and the full guide book that SeaDEX Academy can cover.
Dira Febrian — after the seadexv2 update, What plans have been realized so far?
Well all the primary features are launched. Exchange, Liquidity, Pool, Farms, Info & Analytics, multi chain aggregators, trading view, coingecko integration.
All of which come with an easy user interface for either beginners or advanced traders. Users no longer need to open 5 tabs on one window to monitor and use many software, they can have it all in one place. SeaDEX PH also is actually one of the regional effort coming true. Next one is Vietnam (edited)
SeaDEX Short Term Goal
Summary : Lunar crush integration, Trending news integration, multichain DEX aggregators, SeaDEX Launchpad, SEA Stable coin, and finally DAO.
As for communication partnership with DeFi projects, Southeast Asia community launch 2 (Vietnam, then Thailand, etc), project details in supported language as well as strategized region specific marketing, NFT collaboration, etc. Regional expansion as we grow, with each having their own team and specified strategy based on regional situations.
And our pillar, SeaDEX Academy, partnering with educators either personal or group to spread blockchain literacy. SeaDEX believes the first step of adoption is awareness. Current effort is frequently posting educational content that is not quantitative but qualitative. Next step is onboarding partner and aggressive in the socials
SeaDEX Long Term Goal
Becoming the mostly adapted DEX in Southeast Asia that is fully decentralized, with our DAO system. Eventually the community will have the power over what SeaDEX will be in the future. We are going to direct it into the right direction with enough sources to sustain.
