People of MarginX โ€” Got a Question? ๐Ÿ™‹โ€โ™‚๏ธ

:raising_hand_man: Got a question for us? :person_raising_hand:

Now that youโ€™ve met Danny (@agintender) and Shin (@chinshinliang) on our People of MarginX series, we want you to be a part of it too!

Opening up this forum thread for you to ask us anything! Questions about why you should use MarginX, how different features on MarginX work, whatโ€™s in it for you in the long run โ€” anything that youโ€™ve been dying to ask.

And weโ€™ll be happy to connect with you and get back to you with our answersโ€ฆ maybe in the next video! :wink:

So, feel free to blast away :rocket:

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Morning Team MX

I wanted to express on this thread if the team planned on bringing crypto spot trading, relatively sooner than later.

I am aware this wasnโ€™t a priority atm, since you have many other products happening elsewhere.

However, with the recent impact and sentimentals towards CEX via ftx scandalous creeps, can it therefore be something that team MX can fast forward to the platform?

I do think spot trading will bring that extra X factor to MarginX, giving something that is much desired now, and the likelyhood of mass recognitions leading towards the impending cbdc playbook.

I think the opportunity is there currently to attract more users with the open and transparent DEX, aided with all the added bonus features of MarginX infrastructures.

I do hope the Team can build towards the spot-trading as well as building the other products at the same time. The only way to do this is probably expanding the team. Or maybe as a suggestion tethering more members of Team FX for this specific roleโ€ฆ

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Followig both. i am @oOo_McFull_oOo on Twitter [Aritz Bahamonde]

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when do you send the prizes of the contest? :smiling_face_with_tear:

Just wait Soon :relaxed:

The World Cup is here. It will be very interesting if MarginX can support trading of some fan tokens like chz

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Ahem! ETF index trading๏ผŒshould be good

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Hello,

:thinking: Am I right: in order to trade ($BTC, $ETH or $FX, โ€ฆ) on MarginX DEX - First I have to bridge some $USDT that is in my f(x)Core space to the MarginX space on my FXWallet to get started and I also have to hold some $FX to pay the fees!

Greetings Belgiumguy :black_heart::yellow_heart::heart:

Hi Belgiumguy, yes, you need USDT to open a trade since the pair is BTC/USDT, ETH/USDT etc.

USDT is for opening a trade.
FX is for gas fees.

BTC/USDT = BTC is the primary token you are speculating on, and USDT is the โ€œcurrencyโ€ you are using to bet with.

Same for all pairs. Example: If it is BTC/USDC, then you need USDC.

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Thanks @SCENE for this quick & clear explanation :pray: - Greetings Belgiumguy :black_heart::yellow_heart::heart:

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How do I bridge FX from f(x)core to MarginX DEX? Because when I try to do it it shows MarginX grayed out

You need to connect your f(x)wallet to marginX.

For trading you need also USDT in f(x)core

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You canโ€™t do it via f(x)Wallet alone.

You have to use the MarginX Bridge on their website and sign the transaction using your f(x)Wallet.

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@FxWorldValidator & @SCENE Thanks! I understand now.

For those wondering this is the link: MarginX

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Thank you all โ€ฆ keep those questions coming and weโ€™ll compile non FAQs for Shin & Danny on the next video :slight_smile:

For your referenceโ€ฆ

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Will we see other pairs like TSLA/USDT in 2022?