Gate.io AMA with DerpDEX-Trade, earn, stake and launch crypto with the best DEX on the internet

2023-11-27, 05:46

Time: Nov 23rd, 2023, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Iamderp,Chief Derp Officer and Derpina,Marketing lead of DerpDEX in the Gate.io Exchange Community.
Official Website: https://derpdex.com/
Telegram: https://t.me/derpdex
Follow DerpDEX on Telegram and Twitter

Guests

Iamderp — Chief Derp Officer

Derpina —Marketing Lead

Q&A from Gate.io

Q1: What is DerpDEX?

Derpina: DerpDEX vision is to become the leading centralized liquidity DEX, with an integrated DeFi eco on L2 networks such as zkSync, Base, and opBNB, providing excellent performance for traders, liquidity providers, and new projects Released to provide integrated DeFi infrastructure tools. “Meme + DEX Eco”

Main highlights of the project:
💥 A meme-centric token for the web3 community
💥 UniV3 centralized liquidity market making algorithm AMM on L2 chain
💥 $DERP token economics with deflation and token buyback and destruction functions
💥 Experienced DeFi team, degens, traders and builders from ex-JPM, ex-SCB, ex-Spartan VC and more
💥 Powered by DWF Labs and security audited by MetaTrust Labs.

Iamderp: Essentially, DerpDEX is a meme-DEX on L2 chains (zkSync, Base, opBNB) with launchpad, eco and more.

Remember, memes exist whether in a bull or bear market.
Why hunt for meme tokens when you can buy meme from DerpDEX launchpad? Cheaper gas fees and whitelist allocation
Memes are here to stay. Think about the next-PEPE, the next-SHIBA, the next-FLOKI.
DERP token on DerpDEX is the next 100x meme token!

Q2: What’s the reason for being a “meme” focused type of DEX in the first place? What opportunities do you see in the market, and how does DerpDEX stand out?

Derpina: DerpDEX focuses on the meme narrative, builds the competitive DEX with innovation and eco around meme communities launching and trading such as 1-click-to-launch-meme, meme bots, launchpad etc.

Here are the key insights that we discover in our experience in building and trading meme tokens:
1.There is a gap in the market especially on L2, where it is mostly a VC game and it’s just a volume game without the actual benefits for users to trade, make some $ and enjoy a better environment to trade new tokens.

For example, our competitors on zkSync, the top 3 largest DEXs, TVL, and trading volume are mostly focused on ETH and stablecoins. How will this incentivize actual users to trade and purchase new tokens? Only trade stablecoins? No profit to be made!

In our opinion, Layer 2 is going to be the catalyst for the bull run where they will get the most TVL, growth, and trading volume. This is similar to the previous bull run, where you can see all the liquidity, trading volume, and activities rotated at BSAC, Polygon, Solana, Avalanche, and Terra. We believe L2 would be the place where the next growth is next year.
3.MEMEs will also be there regardless of whether it is a bull or bear market. In the previous bull market, there was SHIBA, FLOKI, and DOGE. In the current bear market, there is “PEPE”, “BITCOIN” and “MEME” launched 10 days ago. Memes are part of web3 and are here to stay.

We believe that DerpDEX fits right into that narrative and has a GREAT opportunity to fill in the gaps!

Also, IF you visit DerpDEX, you can see we put in effort to create our personality. Make it fun. Make it easy to use. Create our own identity.NOT just copy and paste from another DEX.

We believe having such an identity gives us advantage in terms of user experience and stickiness. UX 1st!
Iamderp: We understood that memes will continue to be part of web3 identity.

In the last bull run, there was DOGE, SHIBA, FLOKI. All became >$10b meme token. No purpose. Just fun.
In this year, the bear market, there was PEPE, “BITCOIN”. and MEME (and BRC20, GROK and more), which was launched in the last 6 months.
So, memes are here to stay. BUT it is very hard to find memes before others and AFTER it has pump 10x.
WHAT IF, you can find these upcoming memes tokens before launch on DerpDEX?
And cheaper gas fees to buy them? $0.01 in gas fees instead of buying from Ethereum ($100/gas fees). It’s crazy.
And DERP token is the native token on DerpDEX.
IF you can’t select and buy and hold 100 meme-tokens? WHY NOT just hold the DERP token, which is the DerpDEX eco token?!
So, DERP token is a meme-token. AND it comes with a DEX + launchpad + utility + eco!

Q3: What kind of effort did DerpDEX have in building a great product for users?

Derpina: Love the question,we definitely gave a lot of thoughts on this!

DerpDEX is built with our heart (not just copy paste from Uniswap). IF you visit DerpDEX website and explore all the products, the branding, the design, the UI, the UX. You will know that we put in a lot of effort to make it more interesting and better for user experience.

But to explain it:

We have built DerpDEX to be as seamless as possible for trading and also earn. For example, we have launched a tool “zap-to-earn”. Zap-to-earn enables users just to choose 1 token; ie USDT, USDC or ETH/BNB, to zap into LP easily and stake it to earn LP fees and farming benefits. Check it out https://mirror.xyz/0x44776D7E55e9D4502c3e082211e6c8B2630753bf/xFsdpRNEunCMN__xElF51p9QCrLAVVmALw2t6Ha6gGE
We also add some funny elements to the swap, adding liquidity, removing liquidity and more. These are memes and are funny for degen. We will continue to make our UI and UX better over time.

Let me continue:

We also choose L2 for a reason. L1 such as Ethereum and BSC is still expensive for regular users. Did you know that on opBNB, a swap is 90% cheaper than Pancakeswap on BSC? It’s less than 0.001 for a swap on DerpDEX opBNB.
And in our roadmap, we intend to build a mobile app for DerpDEX to make it easy for degen to trade meme-coins, get into meme-launchpad IDO etc.

There’s more :

In our future roadmap, when DerpDEX launches its own rollup L2, opDERP, we can also use DERP tokens to pay for gas fees, thus, removing the need for users to have BNB or ETH to pay for gas fees. Dapps built on opDERP can use DERP to pay for gas behalf of user with “Account abstraction erc-4337”
BUT most importantly, DERP needs to have sufficient trading volume, liquidity and BIG market cap like MEME token now. >$1b market cap. This will attract confidence, and trust for builders and traders to build on opDERP chain in the future.

Iamderp: Our DerpDEX is built with heart and our designer effort. We don’t simply copy and paste. IF you visit DerpDEX, you will see that the UI and UX is really customized and tailored for degens and meme-hunters.

And on top of that, we have several great innovations.

“zap-to-earn”. This is a 1 step to help users to put their $ into the LP pools on derpdex and earn trading fees and also yield.
We also introduced an “upcoming yield booster” program to create utility for DERP tokens. Just like CAKE on Pancakes Wap

Try it for yourself at derpdex.com

Q4: Can you talk about potential sell pressure and how you have geared your tokenomics to reduce this in the short and long term?

Iamderp: We have many efforts for use-cases for DERP tokens!

Users can hold and stake DERP to enjoy these benefits!

Whitelist allocation for Initial Derp Offering (IDO) launchpad,
Snapshot voting for yield booster farming APR% allocation,
Protocol earnings distribution for xDERP (coming soon),
Sneak-peak into beta-launch products; ie. meme-bot signals with AI (coming soon), and more.

BUT BUT BUT!

Remember, DERP is a meme-coin. + utility + DEX + launchpad + eco.

WHY are we better than other meme tokens?

Have you seen any actual use-cases for DOGE, FLOKI, PEPE or MEME token?
All of these meme-coins have 0 utility and just FUN!

AND!

DERP token has so many use cases! On top of being a DERP meme coin!
And DERP is only $10m while MEME is $2b!
FLOKI was $3b in 2021 while DERP is $10m. 300x potential gem!

Q5: As now $DERP has launched, what kind of plan and future development for the project in the future?

Derpina: The $DERP token was launched two days ago on CEX and DEX, including Gate.io.
$DERP listing is just the start and sets a great platform for the project to start working on the things we have committed to deliver!

Iamderp: We have many roadmaps and plans for 2024!

Launchpad for meme tokens! Stake your DERP to get whitelist allocation
Meme-signal bots with AI. Discover new meme tokens before everyone else.
Mobile app. To make it easy for retail users to buy meme tokens on the go! Even when you are in the toilet!
Derp chain! Imagine a DERP eco with all meme tokens!
Meme-grant for upcoming artist to launch their own meme!
https://derpdex.gitbook.io/home/roadmap-and-launch-plan

Author: Rio Fu., Gate.io Community
*This article represents only the views of the researcher and does not constitute any investment suggestions.
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