Crypto Society AMA with DAGG recap, 13th August 2021
with Tucan, Co-founder at Dagg
Nicole |Crypto Society|
It is our pleasure to welcome you with us today. I would also like to welcome you here on behalf of our entire community.
Could we begin with a brief history of yourself and your career that led you to where you are today?
Tucan@DAGG
Gooday guys ~
First of all, thanks for hosting this AMA :)
Nicole |Crypto Society|
Pleasure is all ours!
Tucan@DAGG
We are horned to be invited to your group. DAGG story is pretty simple and straightforward. Our core team has started trading bitcoin back in 2015-ish. And we were doing consulting work for many blockchain projects since 2018 across the world as well as investing and incubating. So after some achievements in the previous fields. Now we feel it’s time for us to step up and start our own project.
Nicole |Crypto Society|
Thanks ;-)
For those unfamiliar with DAGG, how would you describe DAGG if you were talking to someone unfamiliar with digital assets?
Tucan@DAGG
Sure, DAGG aims to build a cross chain e-Toro/Robinhood on the blockchain.
Nicole |Crypto Society|
Wow, that’s pretty massive!
Tucan@DAGG
Thanks
Nicole |Crypto Society|
Can you tell us about why you thought DAGG needed to be built and what problem it solves?
Tucan@DAGG
There’s no project like DAGG right now in the crypto space, a product is having both trading and social layer feature. But in DAGG will find a social dapp and a trading platform two in one dapp.
basically bringing social feature into defi/ or building defi for new generations
Nicole |Crypto Society|
That’s definitely interesting…and ambitious!
What will the DAGG token be used for?
Tucan@DAGG
We are also adding more features metaverse, NFT but it’s just too early to mention now
TBH, at beginning its just a governance token. it will help to operate the DAGG DAO in future.
Nicole |Crypto Society|
Well, excited what else you’ll have in store for us 😉
Why did you choose Solana to build on?
Tucan@DAGG
Solana has heaps of advantages here, just to highlight some; Solana allows the network to optimize for speed, and as a result, the Solana blockchain is inherently fast and engineered for native scalability — enabling higher energy efficiency and higher security through the low processing power and the tamper-resistant nature of its synchronized timestamps. The infrastructure and tools are ready, resource including capitals and funding are also reachable in the space.
Nicole |Crypto Society|
Couldn’t agree more. We are all big Solana fans here!!!
Why should people choose DAGG over other DEX aggregators?
Tucan@DAGG
Better price, and interesting to use :)
Nicole |Crypto Society|
LOL noted 😉
Tucan@DAGG
I think there will be multiple dex agg running in the space
Nicole |Crypto Society|
Can you explain what a crosschain DEX aggregator is and why that is important?
Tucan@DAGG
Sure
Cross-chain aggregator that enables free trading of native assets between heterogeneous chains by deploying ‘aggregator + asset cross-chain pool’ on different public chains and Layer 2 granting users access to cross-chain transactions with one click. Cross-chain DEX aggregators identify the most optimal routes to fulfill trade orders across blockchain ecosystems.
This important functionality will not only ease the burden of existing DeFi users but also remove some of the barriers to entry for newer market participants.
Nicole |Crypto Society|
I guess efficiency is key here
Tucan@DAGG
Yes, agree
Ethereum is just too expensive for many people to use
Nicole |Crypto Society|
I think we’ve all suffered from heavy gas fees, yes 😂😂😂
Do users have to KYC in order to use DAGG?
Tucan@DAGG
No need KYC to use DAGG
Nicole |Crypto Society|
AH! I’m sure many will be thrilled to hear that!
Tucan@DAGG
though most defi users or early defi users are from developed regions. but my personal version is to bring defi to those unbanked system/nations.
LB
❤️
Nicole |Crypto Society|
I love that idea! Upliftment of 3rd world countries 😁
How is DAGG able to provide multi DEX pricing and fees instantly to users so they can decide where to best make their trades? Are you working with one or multiple oracles and if so which ones?
Tucan@DAGG
DAGG is such a cross-chain DEX aggregator that works on expanding available token markets and increasing liquidity and trading volumes, easing cross-chain transactions for users all around.
Yes, we are currently working with Pyth oracle solution. (https://pyth.network/)
We are also open for the collaborations. this means we may partner up with more oracle solutions :) there’s no exclusiveness.
Tucan@DAGG
As long as it’s gonna help the product, we will go for it.
Nicole |Crypto Society|
Well, Pyth is a project that we have also been keeping our eyes on 😉 Very impressive!
Tucan@DAGG
Thanks, yea, pyth team is very solid.
Nicole |Crypto Society|
We’ve also read that you have partnered with Parsiq — another very strong partner
I read that DAGG allows users access to several targeted exchanges and DEX protocols, giving traders the ability to handle all their trades in one place, saving them the time needed to switch between their favourite platforms. That is definitely a fantastic feature. I have a few questions related to this:
a. Which DEX’s and CEX’s (if any) will be included?
Now just those three. but soon will support more dex
Nicole |Crypto Society|
Absolutely love Raydium and Serum! Have been following those from the start.
b. Privacy and KYC matters — How will you address this?
Tucan@DAGG
Personally, I choose privacy, but if regulator like SEC requires KYC, DAGG will certainly accept it.
Nicole |Crypto Society|
I suppose it might become a necessary evil 😉
Tucan@DAGG
It’s just, we want to tell regulator that our attitude. I believe most crypto projects over the world are more than happy to work with regulators.
Our doors are always open for them :)
We want to bring defi to mainstream
It’s not a riot game
Nicole |Crypto Society|
We couldn’t agree more! Mainstream adoption is what we need.
c. Can I register through DAGG for other platforms without having to KYC on those platforms?
Tucan@DAGG
Yes, and no need register, just plugin with your wallet.
Nicole |Crypto Society|
Tell us more about your farming and staking pools. What coins will be initially setup for farming and staking and is there a specific type of project or bar you aim for when selecting them for trading your DEX?
Tucan@DAGG
DAGG is just aggregator at beginning, staking and farming is for stage 2, but we may launch DAGG/xxx pair on other on other partner platform.
Nicole |Crypto Society|
UH that’s good to know — we might actually know of just such a project that could possibly assist — lets discuss later 👌
Tucan@DAGG
Sure
Nicole |Crypto Society|
Could you tell us about your governance process. Is there or will there be a governance token?
Tucan@DAGG
Yes DAGG is the governance token. We want to turn DAGG into 100% decentralized platform and let community to involve the governance as much as possible. More details will be released with DAGG token soon
Nicole |Crypto Society|
Sounds good 👍
Are there mechanisms in place to reward people or communities for adding value to the ecosystem?
Tucan@DAGG
yes, we have good amount of grants ready for community. Both in product/development and marketing/PR. Please reach out to foundation@daggtrade.com if you have any idea and thoughts.
And we will make bounty post after token released.
Nicole |Crypto Society|
Possibly CS should apply for that 😁 we love your product!
What are you currently working on and can you describe your future roadmap?
Tucan@DAGG
Haha welcome
We have released Minimal Viable Product (App.daggtrade.com) not long ago. So our team now is focus on building DAGG for mainnet launch in Q4 and token launch.
Nicole |Crypto Society|
This year still?! Awesome!
Tucan@DAGG
Yes
Nicole |Crypto Society|
We touched on partnerships earlier. What do you look for in strategic partnerships?
Tucan@DAGG
Pressures are on our dev team lol
LB
[ GET BACK TO WORK GIF ]
Tucan@DAGG
We are open for that, projects that can collaborate with DAGG. We have partnered up with Pyth, Parsiq for the product building and some communities all over the world.
Nicole |Crypto Society|
We’ll definitely keep our eyes and ears open for possibilities to assist
Are there any other partnerships in the works that you would like to tell us about?
Tucan@DAGG
Yes, but we can’t disclose now. Please follow it up on DAGG Twitter. https://twitter.com/DaggTrade
Nicole |Crypto Society|
noted …
Is there any exclusive breaking news about DAGG that you could share with us here today?
(Promise I won’t tell anyone else if it’s a secret 😁)
Tucan@DAGG
DAGG will be one of the top rising star in the second half of this bull run! haha
Does it count ?
Nicole |Crypto Society|
Well that’s a fact! Was hoping for more detail 😂😂
Tucan@DAGG
I do know the result
Nicole |Crypto Society|
By the way we have seen that in the Solana hackathon, you were mentioned as one of the honourable projects! That’s quite an achievement! Congratulations
Nicole |Crypto Society|
Do you wish to let us know anything else that was not covered in the questions above?
Tucan@DAGG
Second half bull run🐂 is back. hope everyone in this group would enjoy it and earn some premium :)
Nicole |Crypto Society|
Abso- freakin-lutely!😁
Thank you for your time in answering our questions here today. We are all very appreciative of your time and of the answers you have provided.
With this, we will open up the chat for those who wish to personally thank you for your time with us here today and for those who wish to ask their own questions.
Tucan@DAGG
Thanks for having me here today
Really enjoy it !
Nicole |Crypto Society|
One sec while we unmute the chat please…
Tucan@DAGG
I’m ready
🌜WAKALA ZOO🌛,
Q. I think your project is great so how is the way to buy your token? any presale and public sale?
Thanks @Moni_7777 , our presale will start soon. (likely in Sep) please follow up DAGG Official resources:
Website: https://daggtrade.com/
GitHub: https://github.com/daggtrade
Discord: https://discord.gg/myFWDUchAB
Twitter: https://twitter.com/DaggTrade
Telegram: https://t.me/DAGGTrade
Medium: https://medium.com/daggtrade1
MVP：app.daggtrade.com (Beta testing only. Use at your own risk)
GitHub (https://github.com/daggtrade)
DAGG Trade
DAGG Trade has 9 repositories available. Follow their code on GitHub.
Frank
Why did your team decide to start Your project, what motivated you to start this project?
Tucan@DAGG
Few public blockchain teams pitched us last year to build a defi on them, we kinda turned the offer/chance down. And we realized it’s mistake to turn it down. since we are consulting other defi project strategically. Why we just utilize our own resource and build product ourselves. (from an insider’s version). We believe that we can success.
Lakin
Does your project have any competitors in the space, is or are there any project trying to do the same thing as you do.
All in all what makes you stand out?
Tucan@DAGG
yes, 1inch/0x are kinda DAGG competitors from different angles. but DAGG is building a product that crypto space do not exist yet. We are confident. we are going to let defi / trading experience have a lot fun for users.
Pappu Anik
Does your project name and logo have any meaning? why did you choose the name your project? Does your project name and logo have any meaning? why did you choose the name your project?
Tucan@DAGG
DAGG = Decentralized AGGregator, logo is a phoenix bird. The phoenix bird symbolizes immortality, resurrection and life after death. same as DAGG.
Rahuna Islam
If we are in BEAR market, What are the plans on surviving on BEAR market? Surviving in a bear market is not easy for a new project entering to crypto, Do you have any plans on this?
Tucan@DAGG
Sure, just in case if we all flip into a bear market again. DAGG will enough capital to continue building. Our core team can take 0 wages and work for it. Our core team has been in the space for more than 4 yrs. finance isn’t an issue. We just need to build the best product. DAGG also has concluded a round of funding. enough to survive in the next 4 yrs.
Relevant Links
DAGG Website : https://daggtrade.com/
DAGG Telegram: https://t.me/DAGGTrade
DAGG Twitter: https://twitter.com/DaggTrade
Crypto Society Chat: https://t.me/cryptosocietyy
Crypto Society Announcements: https://t.me/CryptoSocietyyy
Crypto Society Twitter : https://twitter.com/cryptosocietytg
