You are currently viewing Blockelite X Chemix Ecosystem AMA Recap

Blockelite X Chemix Ecosystem AMA Recap

Thank you to everyone who joined AMA Blockelite x Chemix Ecosystem on 12th January at 07:00 AM UTC I 02:00 PM (UTC+7). Here is the recap for those who missed this AMA.

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Yuno – Blockelite Host: Hello fellow Eliters and welcome to another Blockelite AMA Series
So ladies and gents, Our special guest today is NIKO – Head of Vietnam Market of Chemix Ecosystem
Hello @duan575 , welcome to Blockelite today

NIKO – Head of Vietnam Market of Chemix Ecosystem: Hello everyone

Yuno – Blockelite Host: Nice too meet you
How are you today ?

NIKO – Head of Vietnam Market of Chemix Ecosystem: It is my pleasure to introduce chemix here

Yuno – Blockelite Host: yeah, I also want to know more about Chemix
On to the Segment 1 of our AMA, we hope you’re ready for the next few questions coming at you!

NIKO – Head of Vietnam Market of Chemix Ecosystem: Yes

Yuno – Blockelite Host: Our guest is ready, we will enter Segment 1 right now !!!
Q1: Can you introduce the origin of the name Chemix Ecosystem, which sounds like the name of a certain chemical laboratory?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Chemix in Chemix Ecosystem is derived from Chemical reaction, which corresponds to synthetic assets that are one of our core businesses, and x represents unknown and unlimited possibilities.

The combination of the two represents the rich and diverse results of the “combination” of synthetic assets.

The icon of our project is a round-bottomed flask, hoping that more users can become Crypto chemists, creating endless possibilities.

Yuno – Blockelite Host: Next question
Q2: recently, Chemix Ecosystem is undergoing project upgrades, and the layout of the entire ecology will also change. Could you give us a detailed introduction to the project history and the planning after upgrading?

NIKO – Head of Vietnam Market of Chemix Ecosystem:

You can see from Roadmap that we have launched the stable currency protocol QIAN at the end of October 2020.

Based on the QIAN protocol, we issued a stable coin QUSD with a mechanism similar to DAI.

In the second quarter of 2021, we upgraded the QIAN protocol to Chemix V1, issued a fractional algorithm-based stable coin QSD with a mechanism similar to Frax, and launched the synthetic asset platform Chemix Labs.

In August 2021, we launched the Second Market Chemix Launchpad, realizing the application scenario of “tokens with a certain lock-up period can be traded in advance through synthetic assets + auction mechanism”.

Since its launch in August, Chemix Launchpad has completed 22 auctions., with a total turnover of over 4.5 million U.S. dollars, making it the most important and most popular business sector in Chemix Eco.

Currently, we are upgrading the overall technology of the Chemix Ecosystem, and we expect to complete the business optimization and code refactoring of Launchpad products in the first quarter of 2022.

At the same time, we will add two sections, Chemix DID credit system and Chemix DEX, and integrate each product into our Chemix Ecosystem, forming a closed-loop of synthesis, issuance, and trading of assets.

In the future, Chemix Ecosystem will be updated with Chemix Launchpad as core business, Chemix DID, Chemix DEX, and Chemix Labs as supplementary ecological structure, forming a new service system.

As a result, it is possible to establish a decentralized service system for asset synthesis and trading for the low-liquid equity or tokens of early crypto companies.

Yuno – Blockelite Host: Next question
Q3: Let’s talk about launchpad, the main section of Chemix. What are the differences and advantages compared to other launchpad platforms?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Chemix Launchpad provides synthetic minting of on-chain assets to release the liquidity of locked assets.

In Chemix Launchpad, users can “mirror” the locked on-chain assets, such as unlocked private tokens, lock-up period tokens with DeFi, and Filecoin mining with specific ctokens .

The asset issuer only needs to pledge circulated assets on the chain according to a certain proportion and then can mint synthetic assets, unlock asset transactions and realize value circulation.

At the same time, other users can also obtain intended assets at a satisfactory price through bidding. As you can see from the above business introduction, Chemix Launchpad focuses on the advanced trading of locked assets currently, which is different from other Launchpads that focuses on launching new cryptocurrencies.

Chemix Launchpad is different from the over-collateralization model of other synthetic asset competitors in that it introduces an external credit system into its self-developed partial mortgage business model.

The issuer forms a Chemix DID score by verifying the decentralized credit system and combining it with the platform’s internal credit system. In this way, the pledge ratio when issuing assets can be reduced within a certain range from the corresponding credit rating, thereby increasing the utilization rate of funds.

For the auction participants, the funds raised under partial mortgages are locked in the contract before the completion of the process, which fully guarantees the security of the transaction.

Yuno – Blockelite Host: Thank you for sharing, next question
Q4: How can we participate in the launchpad? What are the requirements?

NIKO – Head of Vietnam Market of Chemix Ecosystem: First of all, by following the official website of Chemix Ecosystem, Twitter, Medium, Telegram, and other channels, everyone can see the details requirement of participation.


To put it simply, one of the conditions for participating in the auction is to obtain whitelist qualification, and the other is to complete KYC verification and meet the nationality requirements for participating in each auction.

One way is to provide 5 QSD/BUSD LP tokens worth 10U on PancakeSwap.

Another way is to obtain whitelist qualifications through diversified methods such as by pledging CEC or holding specific types of Tokens.

Yuno – Blockelite Host: Next question
Q5: How do participants make money? What is the general profitability?

NIKO – Head of Vietnam Market of Chemix Ecosystem: At present, the locked-up tokens traded on the platform basically use Dutch auctions.

The price drops over time, and the participants obtain the corresponding assets at relatively low cost and sell them in the open market to earn the difference or choose to hold them long-term to earn excess returns.

According to statistics, since the launch of the platform in August, the stable annual return is above 60% by participating in the auctions.

Yuno – Blockelite Host: Great, next question
Q6: Can you tell me about auctions held recently? When is the next auction?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Thanks to many Chemix Eco partners, the current high-quality projects on the market will continue to be launched on Chemix Launchpad, such as FTT, Mask, Acala, One,Karura, IMX, ILV, Moonriver, and so on.

Yuno – Blockelite Host: Next
Q7: I heard that Launchpad will launch a portfolio auction soon, can you tell us briefly how it works?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Yes, We are about to launch an asset portfolio auction for a popular theme in January.

Taking the current popular topic NFT as an example, the market pain point is that users want to enter the NFT market but do not know which projects to choose, or value a good project but feel that the market price is high and the risk is also high. Chemix Launchpad initials the asset portfolio concept based on these concerns.

An asset portfolio will include a leading project and several undervalued projects. At the same time, we will jointly issue a research report on this portfolio with investment research institutions.

The relevant investment institution information of the tokens in the portfolio will also be disclosed to provide users with sufficient information.

Another important point is that the portfolio will be sold at a very big discount to the market price so that users can get the tokens of good projects at prices far below the market price.

Finally, we would like to emphasize that the Chemix launchpad is expecting to launch the first NFT portfolio at the end of January, welcome your attention and participation.

Yuno – Blockelite Host: Okay, next question
Q8: What is the current market cap of the project Token? In terms of usage scenarios and marketing cooperation, what plans do you have for the project Token?

NIKO – Head of Vietnam Market of Chemix Ecosystem: The total market cap of our project Token CEC is currently around 5 million USD, which is definitely at the bottom of value discovery.

Our team used to focus on developing projects and upgrading products.

With the upgrade of the project, the application scenarios of CEC will increase, including, for example, whitelist acquisition, stable coin minting, auction fee discounts, issuer pledge, Launchpad service fee dividends, and so on. In terms of external cooperation, in addition to obtaining fundraisings from top investment institutions, we will also try to launch CEC on top CEXes and DEXes.

Yuno – Blockelite Host: Continue with Q9
Q9: Compared with the popular IDO platform Coinlist, what are the advantages of Chemix Launchpad? What are the prospects for development?

NIKO – Head of Vietnam Market of Chemix Ecosystem: As a completely decentralized auction platform, all assets of Chemix Launchpad are in the user’s own decentralized wallet, which means that users do not need to worry about the risk of the leakage of centralized account security information and thus account assets being stolen.

Moreover, data of user behavior is transparent and can be tracked on the chain, and the transaction amount cannot be inflated.

In addition, compared with Coinlist, Chemix Launchpad currently does not focus on the IDO market. In other words, it is to “mirror” the locked private equity by generating cToken, and further trade and circulate through the auction, providing users with a richer and more robust investment channel.

Chemix ECO will continue to explore new mechanisms in the synthetic asset area to synthesize new on-chain derivatives in the most effective way.

In addition to the current excess pledge and fully debt model, we will combine the market to explore ways to generate credit-based partial pledge assets, thereby continuously expanding the types and application scenarios of synthetic assets.

In the end, the most creative synthetic assets can continue to produce new products and application scenarios like chemical reactions.

Yuno – Blockelite Host: Last question
Q10: we notice that there is Campaign of Airdrop of Chemix recently, could you please introduce more specifically?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Yes, you know every action by users in DeFi world will be recorded and be traceable.

We will reward our users for their every contribution to our community, including application for auctions, participating in auctions, minting assets, promotional invitations, etc.

We will give high rewards, by airdrops, according to users’ record within 2 months.

Sounds great, you can sign up with the link:

Users who participate in the auction will be rewarded, and both the inviter and the invitee will receive high rewards

The online value of 1 CEC is 0.4U

Yuno – Blockelite Host: We wrapped up nicely the first part.
Are you ready for Segment 2 (5 best questions from twitter)?

NIKO – Head of Vietnam Market of Chemix Ecosystem: yes

Yuno – Blockelite Host: Our guest is ready, we will start Segment 2 right now !!!
Q1: What types of users is “Chemix Ecosystem’ Global intended for? Is it simple for a novice investor to understand all the data and information you provide? Or does it require a minimum of knowledge to be able to understand it?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Anyone can participate, and the project is easy to understand. Similar to OTC on the chain, users can buy high-quality locked assets of institutional investors at low prices, and can hedge to obtain stable income.

Yuno – Blockelite Host: Thank you. next question
Q2: Can you detail what will be the use cases of “Chemix Ecosystem’ Token within the “Chemix Ecosystem’ Technology ecosystem? How important will it be?

NIKO – Head of Vietnam Market of Chemix Ecosystem: including, for example, whitelist acquisition, stable coin minting, auction fee discounts, issuer pledge, Launchpad service fee dividends, and so on.

Yuno – Blockelite Host: Next question
Q3: Any project’s community is a valuable resource.Do you have the funding and a solid team in place to continue developing this project?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Yes, we not only have first-line investment institutions involved. Moreover, the project itself is also profitable. Every auction will have a fee income, which you can see on the auction interface.

Yuno – Blockelite Host: Continue with Q4
Q4: Without a doubt, the “Chemix Ecosystem’ token will have great potential in the market. Could you tell me a little more about this token? And I really would like to buy it, where can I do it? Can you give me the link?

NIKO – Head of Vietnam Market of Chemix Ecosystem:
This is the token contract on BSC

The original token of the project is being upgraded and will be replaced by CEC later. CEC has not yet been launched for trading. It is expected to be launched on well-known exchanges at the end of the month or next month. At the same time, DEX will also be launched and staking will be started.

Yuno – Blockelite Host: Ok, last question of this segment, everyone please prepare good questions for segment 3.
Q5: The liquidity of a project is what investors are interested in. How will you solve the liquidity problem of “Chemix Ecosystem’ ? Do you have plans to list on major exchanges like Binance or Houbi?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Yes, CEC tokens have many applications other than in the Chemix ecosystem. In the secondary market, we have been communicating with Binance, as well as well-known exchanges such as upbit

Yuno – Blockelite Host: You are awesome, thanks for answer all 5 best questions from twitter of my community.
Last Segment for AMA today, The guests will select 5 best questions from the community.

Blockelite community:
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Those who want to obtain stable income and qualified investors are our users

Blockelite community:
Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

NIKO – Head of Vietnam Market of Chemix Ecosystem:

We will also arrange to do a video introduction of Vietnam later.

Blockelite community:
AUDIT play an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES . Or are you working to AUDIT your project to make it more secure and reliable?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Chemix has been audited by a number of auditing companies, which can be viewed on the official website

Blockelite community:
I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?

NIKO – Head of Vietnam Market of Chemix Ecosystem: Anyone can become a Chemix ambassador as long as he has the ability to promote, and he will also be paid by Chemix。For example, participating in auctions and inviting more people to participate

Blockelite community:
Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?

NIKO – Head of Vietnam Market of Chemix Ecosystem: CEC can only be exchanged through the original token KUN. After about 2 months, a large airdrop will be carried out for users, according to the contribution of each user

Yuno – Blockelite Host: Thank you for joining today AMA! It was awesome!
Our AMA session is now over !!!