Centralex AMA with Crypto Challengers

Tristan,

Hi everyone! My name is Tristan Roozendaal and I am the CEO of Centralex. I have been working in the I.T sector for approx. 15 years from building network infrastructures to complete datacenters. I joined the crypto world back in 2017 when I started building my own mining rigs which expanded to a medium size mining farm with over 150 mining rigs in Hong Kong. My goal is to take Centralex to the next level by introducing methods of mass adoption with ease of use in crypto transactions by using the Centralex Exchange.

dimphx,

Hello everyone! My name is Dmitry Dyachkov.

I’ve been a Software Developer for 18 years with my specialties in backend, security, and high load applications. I’ve been working in the Finance industry for 7 years. I used to work for Gatecoin cryptocurrency exchange based in Hong Kong and now I am the CTO/Head of Development at Centralex. Since I joined this amazing organization, we have established totally new processes and a super team to bring Centralex and the cryptocurrency industry to the next level by implementing revolutionary technology.

Just do It

(In reply to Tristan)

Oh! 15 years. You’re such an expert😁

Tristan,

Trying my best to keep up with the latest tech :)

Just do It

👌👌

Just do It,

So, without making a delay…Let’s start our AMA with a basic Introduction Segment :)

Just do It,

So here’s the first question to deal with @TRCENTRALEX @phnxbr

Just do It,

Q1. What are you looking most forward to doing in ‘CENTRALEX’?

Tristan,

So, a little introduction about our company and how it started and I will flow directly into what we are looking forward to doing with Centralex

Just do It,

Ok.👍

Tristan,

Centralex is founded in 2018 with Marin Matacovik and me. We met each other in the crypto mining community and this project has since then attracted incredibly talented developers all over the world.

We have entered a market which we know if established and we know is competitive, we are not just a cryptocurrency exchange, but also contribute to the community and ecosystem with projects such as our native token, these are all steppingstone towards our end goal of mass adoption and bringing crypto to the unbanked.

To be straight to the point, we aim to gain access to 1% of the current market and with large well-funded projects like Kraken or Coinbase on the table, we also know this is going to be a challenge ahead.

Strategically we have been working on many fronts, it is important to note that the launch in May of the initial semi-traditional exchange is only the 1st step in a long line of planned products, more of which you can read about in our roadmap.

Tristan,

While we have been very busy in the software space developing our technologies to deliver our promise, we have also been structuring our business to span across multiple continents with large diverse teams of movers and shakers, strategically partnering up with some of the best companies, Fireblocks + Simplex + Chainalysis to mention a few, this in combination with our on-the-ground strategy leading up to the rollout of Highly specialised Crypto onboarding terminals across Africa, leads us to believe we have a serious set of cards to play on this table.

Federick James,

🚀

Just do It,

Nice👌

Just do It,

Q2. What are the strongest points of ‘CENTRALEX’ that helps to attract investors to the project?

Tristan,

Centralex is working toward mass adoption, we do believe that the big players are only focused on capitalizing on the current crypto ecosystem and are not focusing on the bigger picture and get ready for the financial shift to global crypto.

Since yesterday we finally got approved by the EU with our crypto exchange and wallet license. We also have multiple entities in the world like, Hong Kong with a real office. South Africa with a real office, and soon to be opened an Estonian (EU) Office.

Just do It,

That’s great 🥳

Tristan,

Centralex has a strong team of developers and financial advisors like 3 arrows capital who are supporting Centralex as a company. But also, ZZcapital is a Chinese company that is backing Centralex financially.

Just do It,

👍👍

Just do It,

Q3: Can you tell us more about your business model & how has your community grown since your first launch?

Tristan,

Good questions, As I mentioned earlier Centralex has started in late 2018 with the mission and vision to make crypto trading easier and more transparent without our focus on being a capitalistic company. Centralex is building at this moment and thanks to all our partners something incredibly special for everyone. We are able to offer DeFi products under a custodial environment called Custo-DeFi which we are very proud of.

We started our marketing campaign around 1.5 months ago and our community has grown very fast and building strong fundamentals toward our end goal and that is to bank the unbanked Centralex style :)

Just do It,

Nice👌👌

Just do It,

Q4. How has the experience and background of your team been effective in the success of your project so far?

Tristan,

The team consists of 20 + superstars and is an international team consisting of members from Hong Kong, South Africa, Russia, India, Serbia, and the Netherlands, the United Kingdom we are still able to attract more talent and investors and supporters from these same regions and more.

dimphx,

We’ve built and established a team with professionals who managed to adopt best in the current crypto market, our background in exchange companies helped to improve the whole infrastructure and move to new products owing to our developers’ experience.

Tristan,

Without my team, Centralex was not possible in such a way that we have an amazing exchange, native token using a ERC20 smart contract that has been audited by hacken.io.

Just do It,

Hey! Welcome to our community.

Just do It,

What about security? Can you give us, and the community how can be your platform secure for investors and supporters?

Tristan,

Great question :)

Just do It,

😍

dimphx,

1 Level is an external audit.

2 Level is a dedicated pentesters team.

3 Level is Fireblock integration.

Tristan,

Our exchange platform does have regular internal and external pen-tests to make sure our security is up to standard.

dimphx,

Fireblocks is one the industry standards with their cutting edge MPC technology and is worth a mention, that in combination with Hacken Audits, Pentesting teams, and Superstar DeV team, we are confident in saying users can feel safe when on the Centralex.A big factor contributing to their safety is the part that we do not store any private keys. A partnership with Fireblocks provides Centralex with an all-in-one platform to securely scale digital asset operations. The platform is composed of an MPC-based wallet infrastructure and a digital asset transfer network ­– connecting exchange, counterparties, liquidity providers, and FIAT on/off ramps. With a defense-in-depth security system that utilizes patent-pending MPC algorithms with hardware isolation, integration with Fireblocks helps Centralex eliminate the risks associated with digital asset transfers — such as cyber-attacks, internal collusion, and human error.

Tristan,

level 2: We have hired external companies like Hacken.io to make sure everything we do is secured and safe.

As I mentioned above... Everything we do is all about security :)

I’m sure you have heard about FireBlock which is the unicorn in the custodial wallet industry at this moment to ensure ALL assets from EVERY client are safe at all times.

Just do It,

Have you experienced an attack on the system before?

dimphx,

Yes, they tried to break into our systems but thanks to our reversed engineering we were able to redirect the hackers to an empty shell outside our Centrelex infrastructure.

Just do It,

👌👌

dimphx,

And even IF they were able to get into our system ALL the funds of the users are SAFU thanks to our Fireblocks partner.

Just do It,

Q5. Could you please provide some progress on your Roadmap and what results ‘CENTRALEX’ has achieved so far? And any sneak-peek into 2021 plans for ‘CenX’?

Tristan

And to explain in words: Our main product is completed and I am talking about our exchange. This quarter we will deploy our Staking, governance, Mobile applications, and Utility portal.

But to give you guys a little glimpse of what we are planning this year something that is not written on our roadmap is … drum roll drum roll.

Just do It,

2022 🤩👌

Tristan,

Centralex has partnered up with an Australian NEObank that is able to provide all our clients access to a virtual online bank account all under one roof (centralex platform) where people can do crypto transactions but also normal traditional FIAT transactions.

We are here to bank the unbanked Centralex style :)

I hope you understand my answer here :)

Just do It,

Yes🥰

Just do It,

Thanks for that well-detailed introduction about ‘CENTRALEX’ :)🥰👌 @TRCENTRALEX @phnxbr.

Tristan,

😘

Just do It,

Chat, please take time to read:)😁

Tristan,

I would like to add something if that's ok.

Just do It,

Sure

Tristan,

For the people who are having questions about the Custo-DeFi product, we are going to offer :)

Custo-DeFi is a new concept created by our team. The name says it already, Custodial DeFi. How does this work? You have Centralized exchanges who are a custodial service where you store all your assets and private keys. If you want to stake, governance or join any other DeFi solution you need to transfer your funds to a DeFi (Web3) wallet. When we talk about a DEX we know that you are 100% in control over your own wallets and funds and are able to do P2P transactions. We are Centralex put both CEX and DEX into one platform called Custo-DeFi. This allows you as a user to use the full custodial safety from a CEX but has the freedom of a DEX. This allows you to stake, governance, and participate in any other DeFi solutions on the market including trading on UniSwap or any other decentralized exchange. This all thanks to our partner Fireblocks.com who is providing us Centralex the best wallet technology in the industry with their Multi sig MPC wallet technology.

Community Questions

Q: JENSQ,

Could you give me 2–3 killer features of your project that make you different from others and convince investors to invest in your project for the long term?

A: Tristan,

Sure, NONcustodial wallets under a custodial exchange, banking the unbanked thanks to our partner Royal Pay (NeoBank) We will deploy a whole fleet of crypto ATMs in South Africa.

Q: Lovely_DC,

I saw the CENTRALEX Presale broadcast in progress, how can I enjoy it? How can I join there? So, what are your plans after Presale? Are you going to a listing exchange? Or where will CENTRALEX be listed?

A: Tristan,

Good question, our pre-sale is LIVE at this moment at www.centralex.com. We at Centralex will put 60% of our raised capital in a liquidity pool on both UniSwap and Pancake Swap to diversify our assets. To ensure that there will be NO rugpulling we will lock all our Liquidity tokens at TrustSwap and that will be the same for our Team tokens to avoid any Centralex token dumps on the market.

Q: Zeaa Jaeger,

Can you tell me, how do you keep your platform safe for Investors, and is your platform protected from hackers? And how do you manage if there is an attack on your platform, including the personal data of your platform’s users? Is your platform ready for this?

A: dimphx,

Yes, we are ready for this. We have Fireblocks custodial wallet service, we don’t keep private keys and we have a dedicated team of pen testers.

Q: Jade,

⭐️The CENX is your main token, so this token has special and Unique use cases on the platform? Like other tokens on their exchanges? Like Binance with BNB.

A: dimphx,

CenX is going to be used in Staking, Governance, to get trading discounts, etc…

Q: Abdul Basith Basi,

My question:

If anybody thinks that #Centralexhk project really likes a scam project, and they can’t trust your project. How do you make them believe in your project?

A: Tristan

Centralex is a licensed European Crypto exchange. We have multiple offices spread over multiple continents like Hong Kong, British Virgin Island, Estonia but also in South Africa. We are a real registered office where real people are working :)

Q: To mer,

Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users’ funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

dimphx,

Yes, we did get audited by an external company and any new contract is going to get audited.

Q: Aston Rowi,

There are so many projects doing rug pull. How can we be sure that you will not do the same? What makes Investors trust to invest in your project?

A: Tristan,

All our team and liquidity tokens will be locked at TrustSwap to ensure that we as a company will never do any types of rug pulls… check them out if you never heard of them https://www.trustswap.org/

Q: Arboleda Estefany,

Do you plan to consider the opinions and suggestions of the community?

A: dimphx,

Sure thing. I’ve developed the governance smart contract and currently, we are working on the governance portal

Q: Diego,

What are the plans to educate and raise awareness and adoption among the community to make more people understand the project easily??

A: dimphx,

This is our aim to achieve — mass adoption and low-level entry for newcomers.

Q: Pamu To,

Are you a global project or a local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users, and partners? Can anybody anywhere use this project without any restrictions?

A: dimphx,

We are a Global project with a global footprint, we have offices on 3 continents, strategic partnerships and high-end tech development are on the top of our list.

A: Tristan,

Thank you :) but also for the people who have the feeling that we left them in the dark. My apologies for not answering them all but rest assured you can always ask us anything on our Telegram group ( https://t.me/centralexhk )

Q: WXA,

What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrency market? I would appreciate it if you could share with us any Upcoming Updates?

A: dimphx,

Our goal is to achieve mass adoption and make the Centralex one-stop-shop for the crypto market.

In our roadmap, we aim to build a utility ecosystem where customers can do anything, from buying assets to paying rent.

Q: Reinhard Van Astrea,

“STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION

Does your GREAT PROJECT have a plan for Staking?

A: Tristan,

Yes, our platform does offer staking functions but much more than that. Every user that used CenX tokens for their trading discounts (25% discount) will not only get the cheapest trading fees around but we share these trading fees with our stakeholders :)

Q: hobo ki,

What strategy will you implement to bring non-crypto natives into your ecosystem? How do you keep a balance between developing the technology and improving the value of your token?

A: Tristan,

This is the beauty of having partners like Simplex and RoyalPay who are helping Centralex to bring the traditional FIAT bankers to our Centralex platform where everything is possible because we WILL listen to our community to see what THEY would like to see in future implementations which will bring Centralex to the mass and most important mass adoption.

Q: Ramsy Bolten,

Could you give me 3 key points to convince me, and other angel investors to invest in the project for the long term?

A: dimphx,

We believe that 1) our team 2) our goal 3) our infrastructure 4) Custo-DeFi projects are the keys to success and the passion we all must make the crypto market massive and useful as much as possible. We are very agile in the decision we make and the projects we develop.

Q: PAUL MARK,

Why does Centralex still use the Ethereum chain when the speed is slow, and the gas fee is high right now? Do you have any plans to start your public chain or convert to other blockchains like BSC chain in the future?

A: Tristan,

Centralex is using BOTH BNB (BEP20 and ERC20 on our launchpad. This allows us to build a bridge between to blockchains.

Q: Temitope Awoyinka,

Is there a plan to implement NFTs to bring more users into the space?

A: Tristan,

100% We will bring NFT marketplaces, NTF pools, and much more.

Q: Reinhard Van Astrea,

“STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION

Does your GREAT PROJECT have a plan for Staking?

A: dimphx,

We have the Staking smart contract and passed the audit. I was working on the algorithm of fair rewards distribution among stakeholders.

The Staking portal is underway and soon we will see it live.

Q: Konoha,

What is your background and how did you come to the idea to create your project?

A: Tristan,

Great question, my background has always been in the IT sector since I was a small boy playing with my mother Compaq 133mhz computer. After my studies, I started my own game hosting company, and this expanded very quickly to building my own suite inside a datacentre where I managed over 1000 hardware servers including network infrastructure in the Netherlands. I started crypto mining back in 2016 with a small mining farm (10 rigs) which expanded quickly into a medium sides mining farm with over 150 mining rigs and had to manage multiple farms of our customers.

Just do It,

Wow. Managed. 1000 + hardware👌😁

Q: Lào Thủ,

SECURITY is always mentioned in any project, so how will CENTRALEX do to protect the risk of losing money or leak information?

A: dimphx,

We don’t keep private keys anywhere in our infrastructure To make our platform secure we integrated with Fireblocks custodial service with hardware protected and isolated environment and execution context

Q: Long Vương,

What is your strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?

A: Tristan,

Our strongest advantage is that we are a flat company and that everyone in our company is just as important as the cleaning lady at our office. We let our team be creative and experiment with new technology and solve crazy solutions. For example, @phnxbr is our Russian scientist who used to work for other exchanges and banks all over the world. But thanks to our team we can merge traditional banking and crypto into 1 platform which makes us unique.

Q: Nikolas,

TikTok videos and Youtube Do well in Marketing, Impulse approaching an influencer here? what marketing is your team focused on?

A: Tristan,

Our marketing team is talking to several Youtube and TikTok influencers :D

Q: PAUL MARK,

Almost 80% of investors have just focused on the price of tokens in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

A: dimphx,

We are looking at our business, not from the trading-and-making profit point of view. We rather looking at developing L2, etc… layers and infrastructure development. Trading is not the keystone of our infrastructure and roadmap

Q: Pamu To,

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 your project ??

A: Tristan,

We have multiple (5) liquidity providers who joined the Centralex platform to ensure the tightest spread. We also have a team of market makers who are assisting Centralex to make the markets for us.

Q: To Mer,

Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users’ funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

A: Tristan,

Good question, please see our Audit report from hacken.io We take security seriously and we are not running around like cowboys shooting their blazing guns.

We are an open and transparent company… We have done not have secrets for our community and investors. Blockchain is an open ledger. You need to see Centralex in the same way :)

Q: Pamu To,

Are there any hidden gems about your project you have not talked about till now that you believe make you better than other projects like yours that would make me what to invest in your project?

A: Tristan,

Ohh yes, there are many Gems which we were not able to talk about but if you join our Telegram group you can ask us any question you like, and we will do our best to answer them.

Q: heavenly queen,

What is the main mission of CENTRALEX Team? Which technology is used in CENTRALEX that makes it more secure, easy to use, stable, and more flexible? How will do to the change of CENTRALEX weakness into a strength?

A: dimphx,

Easy to use, flexible, scalable, observable, and secure — for UX experience we have huge plans and a team of highly experienced developers. For scalability and other keys, we develop using the latest languages, compilers and cluster features, and security team to make this real

Q: Foden Tech,

Almost 80% of investors have just focused on the price of tokens in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

A: Tristan,

Correct... People are jumping on projects because there are afraid to miss the boat. Same for the Centralex project… To ensure our adaptors not just dump their tokens on the market I would refer back to any exchange token… For example, BNB, UNISWAP, SUSHISWAP, etc etc have all their own native token and all of them are doing great... They all started very low just like Centralex.. and look at them now... All these tokens went from under $0.10 cents to over $600 USD in less than 4 years...

Q: Nabeel,

What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?

A: dimphx,

This is Custo-Defi Decentralized Exchange and utility ecosystem. Upcoming updates are Staking and Governance @TRCENTRALEX

A: Tristan,

Crypto Challengers family… I start to get blisters on my fingers from answering all these amazing questions… As a last note, Centralex pre-sale is LIVE as we speak and will end 15th May 2021 at www.centralex.com... We also have a $20000 in Crypto giveaway which will end 15th of May 2021 (https://gleam.io/j6YJU/centralex-presale-20000-treasure-hunt-competition) If you want to know more about our product/project please follow us on our Telegram group :)

Q: Pamu To,

What is the structure of this project, is it decentralized or an open-sourced protocol where everybody can contribute? If so, how is the governance plan being handled?

A: dimphx,

The whole project has evolved as an ecosystem of projects combined under the umbrella of a utility token.

Governance is underway. Staking and governance contracts are ready to go live once we completed the portal development. In the governance portal, we plan the community to contribute to decision-making regarding further development.

Tristan,

@Itsmejustdoit thank you for being our host today :)

Just do It,

Thank you again @TRCENTRALEX @phnxbr🥰

That’s all for today’s AMA. We are so glad to have you here with us!

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Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Centralex is a Hong Kong based international cryptocurrency exchange. With a global vision in mind and an international office footprint spanning two continents

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