A lot of people say that Bitcoin and cryptocurrency is the new gold rush.
There's a little known fact about the gold rush in the 1800s.
Now, today, people call Bitcoin and cryptocurrency the new gold rush.
But when the real gold rush hit in the 1800s in the western United States,
a lot of people went out to get gold
and very few actually find it.
Some estimates say over 90% of the people that went out west didn't even find gold.
Who were the real people that made money during this time?
It was the people providing the tools and the instruments for other people to try to find the gold.
One of those companies was called Wells Fargo.
It got its start in the 1800s selling shovels, flashlights, hard hats and other mining gear
to actual people looking for gold.
And we see what happened.
The point here is,
the real money in cryptocurrency is not necessarily in the cryptocurrency itself.
It's providing services and other types of information to people to allow them to try to make money.
Today, I sat down with DexKit founder and dev,
Joao Campos,
to discuss DexKit---
its success, its token sale---
and how I have partnered with DexKit
in order to bring you bitswapdex.com.
Let's get it.
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Hey, guys! Welcome to the show.
Today, I'm joined with--
and I'm going to butcher the name--
- Joao Campos - Joao
Joao. Okay.
I know-- I told him I was going to butcher.
I practiced it a hundred times,
and I never got it right once.
But he is the head developer of DexKit. Now,
DexKit is a company, a project, that I've actually partnered with
to bring you guys BitSwap.
We got other cool stuff coming down the pipelines,
but I wanted to bring him on.
They just had their token sale,
talk about DexKit a little bit and
talk about how it can empower other creators,
other people,
anybody,
to launch basically their own ecosystem, so
how are you doing today?
Welcome to the show!
Okay.
Ben, thank you for this opportunity to start talking about this project.
I'm really motivated to develop the whole ecosystem that we propose on the roadmap.
We already released our aggregator that is being used by hundreds of users.
We already reached over one million volume on the aggregators,
so we already have a development team working on the launching of the KIT Dashboard
and the DEXs
and also the NFT Marketplace.
DexKit is planning to be the go-to place
for the average Joe if they want to launch their own NFT marketplace,
if they want to launch their ERC-20 DEX,
if they wanted to unlaunch their aggregator,
they simply go to that skip launch dashboard.
They fill the wizard that will be available on the DexKit dashboard,
and they simply click on the button,
they can preview how we feel and like their project,
their target project,
and then they can simply deploy the--
of course, for them to do this, they need to lock KIT.
Basically, this is the main utility of the KIT,
so when people do this,
they have their own branded DEX,
their own branded aggregator,
their own brand marketplace---
- NFT Marketplace. - Yeah.
So-- and the other advantages for our partners,
the people can see in real time the fees that they are collecting,
the trades that are collected,
our transparency on the dashboard
on the KIT Dashboard,
but besides that,
our KIT Dashboard will have also analytics for the the most DeFi protocols.
We have integrated wallets.
We'll have most stats across these protocols.
You have the kits
where you can interact,
do multiple tasks at once,
and it's really--
what we are trying to build is really big,
and we're reaching our soft cap.
Now, we are able to do it,
and we already are doing it,
so we are not just an aggregator.
An aggregator is a proof of concept that this system works.
And the BitSwap DEX is the most example.
- So.. - Yeah.
BitSwap DEX is going to end up being your No. 1 of all time in all of your launched
millions of aggregators. Okay.
Mine is the best.
That's what I've got to say.
Here's the thing, guys.
So, just to kind of break down, you know, kind of what he's saying here,
Let me explain to you guys a business that I used to have.
I used to have a business
where I sold event tickets---
concert ticket, sports tickets.
I never had a single ticket.
I never touched a ticket.
I never processed a payment.
I worked with a company called TicketNetwork,
and they white-labeled my own website,
and basically it was my job to get people to that website.
Once they got to the website,
what they did from there,
you know, was making me money.
I got commission on every sale.
And it was a huge huge business for me.
Long story short, I, you know, it's actually how I got into Bitcoin and into cryptocurrency,
but basically what you're allowing people to do
is kind of white-label their own ecosystem.
You know, where they're getting percentages of the fees of every transaction
if you've got people-- Look.
If you're a person that's into crypto right now,
everybody's going to be asking you about cryptocurrency over the next year.
There's no question about it and so,
you know, what this allows you to do if you have any kind of following on Twitter,
any kind of following anywhere or even if you just know a lot of people--
sometimes, just knowing one person that has a lot of money to trade on an aggregator,
it can make you money,
but the best thing to me about all this
is this aggregator is bar none.
You're not gonna find better prices out there for cryptocurrency.
And we were talking a little bit before about, you know, Uniswap
before we came on air.
We were talking about Uniswap and how everybody knows how to use it now,
so this aggregator,
we lower the learning curve to be able to use it,
and we're offering better prices.
So talk--
Can you talk a little bit about that?
What are the advantages using these aggregators to just using one exchange?
And not just the advantage of the user, but also for the projects as well.
The aggregator,
we should choose on purpose to design the first product, that is the aggregator,
using the Uniswap front-end
because Uniswap is the key there
- that people now is going to trade, so - Yeah.
if people are able to use the same front-end that they use every day
and at the same time get best prices,
why will they not do it?
So, it's what is happening.
So people are getting better price on the aggregator
because if you need to white-label a solution,
the solution that we'll white-label also needs to be good
- Yeah. - so our partners are able to sell a product
that does not delivers what they want.
Our aggregator?
They deliver the exact code that they said on the price.
And for every call for tokens that have multiple sources,
the difference in price from Uniswap is astonishing.
- It's like a huge difference. - Yeah.
So,
people who needs to be looking at--
going to trade on the aggregator,
most of the time,
it's better price than Uniswap only
because now tokens are in several protocols,
not only on Uniswap.
Tokens normally add liquidity to Mooniswap,
add liquidity to Balancer,
add liquidity to Curve,
add liquidity to mStable.
There's a lot of protocols,
and imagine the average Joe going to go into each of these protocols to get the best price.
They don't have to.
They can just go to BitSwap,
- Yeah. - or they just go into DexKit Swap,
and we already do that desired job for them.
Yeah, I think it's really good.
And we were talking about how the projects themselves that are--
like those very small coins that are only going on Uniswap,
you know, they're not really giving themselves an advantage.
Really, the project should be looking to put their coin and their token on
as many different decentralized exchanges as they can.
And then what I really like is the fact that our DEX,
at BitSwap, it encourages competition between those exchanges.
You know? Because they should be fighting to try to fin--
you know, try to give the best liquidity, give the best price
so people get the most bang for their buck,
And BitSwap is going to automatically give you that best price.
So,
basically,
we at DexKit, we did that.
We did the-- We add liquidity at Balancer and at Mooniswap.
We are looking also to add the liquidity to other protocols,
these are the most well-known,
Balancer, for instance,
we can set up a different percentage of the liquidity pool.
It's not alpha.
Basically, on Balancer, we set up 80% as wETH and 20% percent as KIT,
and the swap fee is lower.
Basically, we put a big buy support on Balancer
to people that want to exit.
They can sell it on Swap DexKit.
They know that they are selling at the best price on Mooniswap, OnlySwap and Balancer.
So, it's really it's exciting to do these things because people are getting good liquidity, good prices,
and, additionally, the platform is really fast to code,
to give codes and prices to people.
So, but this is a small portion of
- what DexKit is trying to accomplish. - Right.
The DEX will have a limit orders.
The DEX will have lots of functionalities that traders that concentrators will need that.
Likely, we'll have a BitSwap DEX in the next year.
We'll have an NFT Marketplace with the brand of BitSwap next year, so
the world is the limit now with what we are planning right now,
so to deliver on the roadmap,
and the roadmap will be delivered.
- Yeah. - So,
because I am already experienced in this kind of stuff.
Yeah! Yeah, you're really incredible at, you know, everything you've been able to do so far.
And so we're talking about, you know, the token sale went really well,
you met the soft cap,
things are pushing forward with the token,
the platform is incredible,
BitSwap has been doing phenomenal,
as you said, we had over a million dollars in volume already,
pretty astounding.
And it's really cool and I can tell you that if you're the type of person that is interested in
you know, having your own DEX aggregator that's white-labeled,
it's really cool because, you know, you're not making a lot of money--
I'm not making a ton of money on BitSwap--
you know, but what I am doing is,
we are making a very small percentage of a fee in the token the person is exchanging in,
so I have probably a thousand different tokens now in my wallet,
some I've never even heard of,
that people are exchanging,
and it's really cool to get that exposure to all those different projects, you know, especially for a bull run.
So it's pretty exciting.
Well, coming forward, we have the NFT Marketplace that we will be having.
I've got a really cool name for that, but I'll let you guys in on that a little bit later.
So we'll be launching that.
And we also have the BITT token.
This is a token that was launched by the Discord community
that is going to be playing a role in my entire ecosystem.
It's going to be-- You guys can kind of think of it as rewards for being part of my ecosystem.
If you buy NFTs,
you're gonna end up getting airdrops.
If you're in my groups,
my Discord group,
my Telegram groups,
we're gonna have ways for you guys to earn BITT tokens.
And this is a really cool way to kind of tie everything in together,
but the coolest utility so far
for this is going to be, you know,
once this is officially launched and gets out there in the ethos,
if you hold a very small amount of it--
it's not going to be a lot--
you're going to get 66% off your fees on BitSwap,
so not only are you going to be saving on, you know, the actual exchange of the tokens,
but you're going to be saving a ton on fees as well,
and this is basically the model that a lot of decentralized finance projects have gone with.
So, can you talk about that a little bit?
Talk about, you know, you--
Honestly, you guys, BITT token,
the community has launched it.
They know more about it than I have--
than I do, honestly.
So, can you talk a little bit about BITT token?
Plans for it and things like that?
So, BITT token, right now, the only way to get BITT token is farming using a DEX,
and the-- it--
farming that we will have on the platform,
so BITT token also will be a staker token that people can stake it,
and the market team is having big plans for BITT token
because BITT token basically will be exposed to all the BitBoy community.
It's a big community,
so people basically are--
BITT token will be--
it's like the Uniswap token.
- I don't know how-- - Yeah.
It all depends off--
many people, the network effect that BITT token will have,
and we will deliver more technology to BITT token.
We basically are amplifying the BITT token's reach and also utility
because we will have your NFT Marketplace all branded to--
Yeah.
to your community and the cards, and all that kind of stuff, airdrops,
- and the-- - A lot of airdrops.
- You guys, we're going to be throwing them out. - The sky is the limit.
- It's a community token, so-- - Yeah.
People love community tokens because they work, and they have a lot of reach,
and right now, the only way to get this BITT token is farming using KIT,
so it's a big partnership that we are having.
We will be releasing more stuff about the BITT token, more details, the stuff about BITT token,
but I'm really excited about this partnership.
- Yeah. - And it's working!
It's working and it's really good.
It's going well!
And, I mean, it's--
Things are just moving along very steady,
and I like that a lot. I feel, you know, really great about this partnership between us.
And, you know, I'm really excited to see where things are going.
So, just tell everybody if there's one link you want people to go to-- I assume it's a DexKit link,
tell everybody where they can find more info about DexKit.
DexKit-- All the information about DexKit will be available at dexkit.com,
so
We'll be improving--
Here in the community, we will be improving the website.
We'll be releasing--
On Friday, I will be doing a live video as well,
explaining what we did
and what we'll be doing next week,
so maybe some surprises, I will give that on Friday.
- That's nice. - So...
People--
People that will stick with us will see how these really unveils, so
some people expect things to happen overnight,
but the steady things and the good projects, they need to grow.
Weekly, we will be--
We have big plans on marketing.
I know how marketing is needed for any project.
We have the best guys.
We are partnering with best guys on marketing.
We are-- We'll be expanding more marketing,
so,
we as DexKit team,
we are really excited
and
then when we're releasing the products next year
that we already started blocking,
and on Friday, I will talk a lot about it.
People will see that DexKit is not only an aggregator.
It's more than that.
- Yeah. - And we have great partnerships upcoming,
so it's really nice to--
Each week, we'll be unveiling all this stuff.
Yeah, it's exciting! So, you guys, head on over to dexkit.com.
Also, you guys, don't forget if you're gonna be exchanging crypto,
head on over to bitswapdex.io or dot-com, either one works for that.
And that's all we got for today.
So, everybody, thank you so much for joining us.
That's all I got.
Thank you to our guest,
Mr. Campos,
- for coming on. - Thank you, Ben.
Be blessed.
BitBoy out.