The interviewer had the opportunity to talk to the niche expert and 0GASDEX founder AI, who tried to overcome the situation by introducing a game-changing solution. In order to view the transcript of the interview, please read on.
Q: How did you come up with your project idea?
Well, his workaround could turn out to be a huge lifeline, so I'm sorry we just launched 0GASDEX. On the other hand, building a good project takes time, and finding ideas that can redefine the current user experience requires insight, experience, and perspective.
Since the early days of the DeFi boom, the Ethereum blockchain has become an integral part of the industry, with hundreds of projects launching on the blockchain every month. While the Ethereum blockchain has undisputed strengths such as impressive stability, scalability, and high adoption rates in the crypto community, it also has some drawbacks. First, transaction costs are very high, especially during periods of active market activity. Because the individual investor is often in deep financial trouble, since the cost of gasoline equals or even exceeds his position, we should take some measures. The beginning of the GAS story.
Q: What solution does 0GAS provide?
The Ethereum network usually becomes very congested due to DEX clients constantly trading their assets for various reasons. These swaps represent not only paying gas fees, but also representing the wallet constantly having some ETH to process transactions.
Therefore, we built a second-layer solution that bridges the Ethereum and Ethereum Skale protocols to be able to access greater throughput and transaction speed, and maintain full compatibility with the first-layer blockchain. Just as importantly, Skale's ability to easily connect to other popular blockchains points the way for our future development.
Q. Can you tell us about the security of funds? We all know that the safest ones are the ones you store in your wallet.
0GAS This is a non-proxy solution - hence the name Decentralized Exchange or DEX. Transferring your funds to 0GASDEX requires a small gas fee, just like every transaction of ERC-assets. But this is the last point you must remember. We call this the limitation imposed by the nature of the Ethereum blockchain. In the future, you can carry out endless swaps between long-term asset catalogs, and your initial capital is safe and retained in your MetaMask wallet.
Q: In addition to no gas exchange, what can bring value to your customers?
I've been waiting for this to happen and my answer is yes! Not only can we improve user experience by reducing swap costs, but we can also strive to provide customers with all the necessary related tools, so we don't need to go in and out of DEX frequently. In fact, I'm talking about the entire ecosystem his main product builds, including the launchpad, AirDrop tools to meet user requirements in gas-free areas, and more.
Another focus is to make the 0GAS platform a handover point for individual investors, holders and projects. From the perspective of the latter, the concentration of his assets in 0GAS Shanghai will definitely benefit from his trading volume, because customers here will not benefit from gas costs and are intimidated. As a result, they hesitate to swap, especially if the purchases are small. Once we launch the cross-chain function, 0GAS is expected to enter the KeyExchangePlatforms'Club.
Q: How is development going, and what are the near-term milestones for you and your team?
First, we are gearing up to launch MVP in the second quarter of 2022. Considering the current progress of the development team, I have no doubt that we are on the right track. At the same time, we are running a crowdfunding campaign, launching a commodity and a commodity IDO final push to attract more investors on the eve. Although we have received support from several powerful VCs and their industry giants, at this stage we are mainly looking for initial pickers and core project advocates. I have no doubt that we will be successful.
