Thanks a lot for actively participating in the Delta Exchange AMA held on 12th February 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Delta Exchange
We have with us Pankaj Balani
Guys I am Pankaj, CEO of Delta Exchange.
We are a crypto derivatives exchange.
We offer:
1) Perpetuals on BTC and 60+ Alts.
2) Options on BTC and a bunch of other Altcoins.
We are the only exchange to offer options on xrp, ltc, bch, link, bnb etc.
3) we also offer a bunch of other derivatives that are available only with us. Interest rate swaps, calendar spreads etc.
We have been in business for about 2 years. Our customers come from Asia and Europe and we do about 80Mn in daily volumes.
My background- I am IITD graduate. Then worked with UBS investment bank in Hong Kong covering derivatives markets across Asia. Then worked with a hedge fund as an options trader
So have good 6-7 years of experience in derivatives prior to starting Delta
I have 2 other co-founders. Both from IIT as well.
One worked in Finance like me. Worked with Citibank and GIC Singapore.
Another was founder or Tinyowl and one of the founder of Housing.com.
Saurabh - he looks after our technology.
Q1. Could you please explain Robo Trading
So robo-trading are automated strategies to which customers can deploy funds. It gives users a way to trade programatically without the hassle of coding. One can just commit crypto to a strategy and the strategy then trades on its own.
There are different strategies that are available on our robo-trading page, users can simply choose a strategy they like from that. There is a dashboard that gives all info about historical return, drawdown from the top, leverage that the strategy takes etc.
Users can see the past performance across different time frames etc.
this is how a strategy looks like - one can click on it and see more details
https://www.delta.exchange/robo-trading/strategies/delta-momentum-fund
Q2. What about the security of Delta Exchange? How often do you perform security audit updates to keep Delta Exchange safe? If there is a risk of data loss or attack, does Delta Exchange have compensation insurance for investors and users?
We take security very seriously. We have some very good people in the ecosystem working with us on security and we also do audits with external vendors.
When it comes to fund safety.
We keep all our funds with custodians and we use best in class custodians such as BitGo, Curv etc.
We don't store any private keys on internet. All our withdrawals are processed only after a manual review
Even with our custodians funds are stored in multisig wallets, so no 1 person can access to funds and there is no single point failure
Q3. What all partnerships is Delta currently focusing on given its nearest competitors are getting support from global investors and partners?
We have recently done a token round, where we have some of very high profile investors in the crypto space
AAve Ventures, Kyber Network and CoinFund have been long term supporters of the company and been involved with us for some time now
we have made further strong ties in the ecosystem with our token, which is going to be launched soon
https://twitter.com/sinoglobalcap/status/1347176240000614402
Q4. What are the trading speeds and transaction fees of Delta Exchange? Currently, does Delta Exchange have any program to help users reduce transaction fees?
Our trading infra is built to support super high speed of transactions. We support a lot of contracts..about 75 on futures and 150+ on options
Despite such heavy loads our order books are very fast.
We also have very good quality order books. The spread on Delta is 0.5$ for BTC most of the time.
In options books we have better spreads than the largest options player Deribit in most cases.
Regarding fee. We have very low fee and one of the most competitive in the market at
0.02% maker and 0.05% taker
https://www.delta.exchange/fees
We also run referral programs and other offers for our traders to get fee advantage
With our token we will be giving more incentives for people who regularly trade on Delta to be trade with even lower fee
on order book quality:
https://twitter.com/analytics_delta/status/1326958685243891712
Q5. What can you tell us about the Tokenomics of $DETO? Would the tokens be deflationary? Where can we buy tokens and what plans do you have as regards listings on major exchanges?
Our token DETO has a very interesting tokenomics and come with some very cool and unique features. Which are inspired by CeFi and DeFi - its a hybrid kind of token.
We have liquidity mining - for the first time any central derivatives exchange has liquidity mining
Salient features of DETO:
1. Trade Farming: Traders earn DETO proportional to their trading on Delta.
2. Liquidity Mining (AMM) on single currency pools (BTC and USDT) and more will be added eventually.
3. Robo-Trading: Earn potential yield and DETO by investing in trading strategy pools.
4. Minimum Support Price (MSP): Delta will accept DETO for >= $0.10 as trading fees.
5. Buybacks: Delta Exchange will use a part of the fee earned on the exchange to buyback DETO.
5. Staking and Exchange Utility: Staking with fair lock-up periods. Use DETO to pay fees, use as margin, etc.
A quick thread on how our Liquidity Pools & AMMs will work:
https://twitter.com/Delta_Exchange/status/1343566553871085568
We don't intend to do any Public sale. There are 2 ways to get our $DETO token:
1. When it gets listed on our exchange.
2. or, You can earn DETO via Trade Farming, Referral Mining and Liquidity Mining as mentioned here: https://twitter.com/Delta_Exchange/status/1311325768043999232
Q6. What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for Delta project?
Liquidity and spreads are the most important things for an exchange. Our order books are good quality but our aim is to become the top derivatives exchange in the space.
For example, currently you can fill a couple of Mn worth of order on our BTC books w/o any slippage but we want to make it couple of tens of millions
and not just in BTC but also in alts and options that is where we have taken a leaf out the DeFi playbook and created Liquidity mining pools
with AMMs and pools DeFi players such as Curve have become bigger than all centralized players
we are doing the same thing with our liquidity pools for derivatives and i have no doubt that we will be able to offer best liquidity in the market for derivatives
more details of our pools is available here:
https://www.delta.exchange/delta-exchange-token/liquidityMining
https://twitter.com/Delta_Exchange/status/1343566553871085568
Q7. Is this project a Global project? Can local communities partake in it?
Yes we are global. Our customers come from round the globe. We don't allow US customers, sanctions countries and some other countries
Q8. How do you incentivize liquidity in the markets? Do you have in-house market makers to ensure liquidity is consistently provided? What can people do if they are interested in providing liquidity on Delta Exchange?
We are starting Liquidity mining soon. Just as anybody can contribute liquidity on DeFi platforms, they can contribute liquidity to LPs on our platform too
Q9. I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities?
Yes we do have bug bounties. there is a page on site with all conditions - do check out.
Q10. What companies are you partnered with or seeking to partner with in future ?
Q11. DeltaExchange has a lot of tools and offers good products, I would like to know what makes it different from its main competitors?
Our product offering is one of the most advanced in the market on the derivatives side. Products that are available on Delta are not available on other exchanges
for example:
1) Robotrading
2) Futures & Perpetual swaps - both USDT and BTC settled. BTC & 60+ coins
3) Options on BTC, ETH with best orderbooks. Options on BCH, XRP, LTC, LINK etc.
Q12. What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
We have lot of things planned for this year but the biggest focus area is going to be our token DETO.
We are launching our token by the end of Feb-21 and with it we will be starting:
1) Liquidity mining - earn token by adding liquidity on Delta
2) Trade farming - you can earn token by trading on Delta
3) MSP for our token DETO, when it is paid as fee
besides this we will come up with our native mobile apps soon. more strategies on Robotrading and also spot markets
Do make sure you join our group for upcoming token updates: @DeltaExChat
Get up to $100 as a first deposit bonus when you sign-up on www.delta.exchange
https://www.delta.exchange/blog/support/sbo/
