Are you guys ready? 😁😁
Tristan,
100% :)
0xGems,
Let me just remind the community.
Segment 1: Introduction, and Q/A with our Guest Project. ( 5 questions)
Segment 2: Live Community AMA. 6 questions from the community will be answered by the Guest. winners will be rewarded.
For Community: Only one question can be submitted during Segment 2.
0xGems,
Let’s get this started, shall we?
Tristan,
Sure :)
0xGems,
Question 1: Can you give us an overview of the project including the concept, goals, plans, and objective of centralex?
Tristan,
Sure, Centralex is a European-registered cryptocurrency exchange since last Friday.
Centralex is not just a regular exchange, we have developed a platform where people feel safe to trade and invest thanks to our partner Frieblocks who is our custodial service to safeguard the wallets thanks to their MPC multi-sig wallet infrastructure.
Our goals are quite simple, we are going to bank the unbanked by offering DeFi products under a Custo-Defi solution.
Tarun RAMA,
Our plans for the next 3 Quarter is to launch the Staking/Governance portal, NFT After-sale Marketplace, and Custo-Defi to the users
0xGems,
This is truly a DeFi product.
Tristan,
Not really. It is a merge between Centralized and decentralized.
0xGems,
It seems you’re mixing the traditional centralized features with DeFi concept.
Tarun RAMA,
We want people to have the freedom of choice where they are able to use our semi-custodial implementations but still have the same benefits of DEX and CEX.
Tristan,
We call this Custo-DeFi
0xGems,
When you mean semi-custodial, we have the option to used or import our own wallet into the centralex platform?
Is it work like that?
Interesting 😁
Tristan,
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 can 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 solution 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.
0xGems,
I’m impressed with what your platform can do. I’m sure our readers too.
Tristan,
I am sure they are because there is nothing like us on the market :)
0xGems,
Nice is there anything you want to add? Or let us proceed with the next question?
Tristan,
We can proceed with the next question.
0xGems,
Question 2: Do you have working product, demo or any sort that showcase the potential of centralex?
Tristan,
Our launchpad is live at this moment and our exchange will be ready on the 15th of this month, our team is currently in the final stages of testing, but we are confident that everything will be working 100%. Just explain a bit further, the exchange will be a basic spot exchange with market-making and liquidity from day 1 and in Q2 we will be deploying multiple DeFi solutions on our platform.
This quarter we will be deploying our staking portal, governance portal, mobile applications and we will be working on our utility portal which allows people to use crypto but also fiat to pay for the rent, power bill, etc.
0xGems,
Wow so your platform goes live next week. What pairs we can expect on the centralex exchanges?
This is good use case. Can you do that nationwide or only European countries can benefit on paying rents bills via fiat on your platform?
Tristan,
Yes, we believe that traditional finance and blockchain should merge but thanks to our NEObank partner in Australia we are able to offer our services to more countries over the world.
0xGems,
Amazing looking forward to that.
Tarun RAMA,
There will be around 40 trading pairs and will also offer a 0% trading fee to our users during the first month, when the user will withdraw the funds away from the Centralex platform there will only be a network fee involved. Due to our 0% fee structure, everyone can benefit from this if you are a beginner or advanced trader.
0xGems,
0% fee is a big advantage to traders and 1month free fees are big discount already.
Tristan,
Yes, and after this month we will offer very low trading fees of 0.098% but when people use CenX they can have discounted trading fees of 25%, and these fees we will share with our stakeholders.
0xGems,
Still low considered it free with that percentage.
Anyway, I’m interested with the next.
Question 3: The project is on presale stage, right? Can you explain briefly the details including the total hardcap, softcap, tokenomics and how the fund will be used to develop the platform?
Tristan,
Yes, our project is currently in pre-sale which ends on the 15th of this month. Our soft cap is $2.5M and we are getting closer and closer to our soft cap. Our hard cap is $5.1M which is a bit ambitious, but we are confident that we will reach our goals.
60% of the raised capital will be transferred to UniSwap where we will create a massive liquidity pool. All our liquidity tokens and team tokens will be locked at TrustSwap to avoid any rug pulls and to make sure the investors in the Centralex project feel confident enough.
Our tokenmomics look as followed: Total supply: 500,000,000.
Private Sale:171,875,000
Public Sale: 103,125,000
Centralex Team: 125,000,000
Marketing, Integration & Partnerships: 47,500,000
Bounty Program: 25,000,000
Advisor & Consultants: 27,500,000
0xGems,
Wow almost closer to softcap means a lot of interest on cenx sale.
By the what are gonna do if ever there are unsold tokens?
Tristan,
Yes, that is correct. We already raised $1.5M at our current stage.
0xGems,
Trustwap is a good platform and trusted. I think it’s a good move that you partner with them regarding this. Investors will feel safe.
Your token price at presale and public price?
Tristan,
We are internally discussing this question and you are not the first one who asked this. Option 1: we burn the leftovers which will create a scarcity which will boost up the price. Option 2: We lock the tokens and ask one of our partners and we are still negotiating with them about launching our phase 2 of the CenX tokens sale.
Pre-sale price $0.03 and Public price $0.05
0xGems,
I think option 1 is the best just my opinion. It would be great if you ask for a survey on your social so the community can help in your final decision.
Wow, this is a good ratio. People should not let the presale discount gone to waste.
The public sale will be on Uniswap right?
Tristan,
That is correct :)
0xGems,
Hello welcome guys.
Question 4: Any VCs or partnership worth mentioning here for our readers sake?
Trista,
The only VC we are allowed to mention at this moment is ZZCapital, our strategic partners are Fireblocks, TrustSwap, chainalysis, Shufti, Simplex and our banking partner Royal-Pay.
0xGems,
Nice lineup Chainalysis is good 🚀
https://twitter.com/hackenclub/status/1369678079484981250?s=19
You forgot this 😁
Hacken is one of the leading auditing firms.
Tristan,
Hacken does perform a security audit on all our contracts, and we also have Layerone who is doing security audits on our platform.
Centralex is talking to many partners and solutions which we can house under the Centralex brand. A lot more to come.
For example, We are talking with 3 Arrows Hedge fund who will provide us lending and liquidity once we are able to close the deal with them.
0xGems,
That is great to know.
Anyway, before I open the chat to the community.
Here is my last question.
Question 5: Last but not the least, why should we buy CenX tokens and hold it for long term?
Tristan,
Good question, CenX is not just an ordinary token, we are a utility token that can be used for trading discounts, governance, and much more. We are planning to connect NFTs to our CenX tokens that will make CenX as a native exchange token special. We did our market research and all the exchange tokens that have been launched so far are doing extremely well but we have a bigger goal to archive.
0xGems,
That's great. Your launchpad will require CenX tokens too?
Tristan,
People can use BNB and ETH to buy CenX tokens.
0xGems,
You are gonna open your platform to other projects right who wanted to raise funds.
I mean when it is up?
Tristan,
We will offer other projects on our launchpad after we have completed our own launch. Our team will handle strict requirements and all projects must have valid smart contract audits before we even start considering accepting them and ALL project MUST lock their liquidity tokens and team tokens to avoid any dumps and rug pulls.
0xGems,
That is good to know cause there are lots of fake projects and rug pulls.
Tristan,
Exactly and we are here to stay for the long run. Not just make a quick buck and run off to a tropical island in Thailand.
Community Questions
0xGems,
Are you ready mate for community questions?
Tristan,
Yes, let’s do this.
0xGems,
GemSpecialist AMA Live
Don’t panic you are not banned the chat is muted for a live AMA.
================================
Segment 1: Introduction, and Q/A with our Guest Project. (5 questions)
Segment 2: Live Community AMA. 6 questions from the community will be answered by the Guest. winners will be rewarded.
For Community: Only one question can be submitted during Segment 2.
Q: 0xGems,
Oh, BTW guys winners of these AMA can claim their prizes to their platform.
Pick 6 good questions, sir.
A: Tristan,
The winners need to contact @RamaTarun or @latana_mitore.
Q: Unique Biker,
I have seen many facts after listed in the MARKET 70% from whole DeFi project only playing Pump & Dump scheme and ends with Rug Pulls. What is the big Differentiate Centralex with others and Will not Do the Same Scheme? How you gain community trust?
A: Tarun RAMA,
Yes, we are aware of this issue. To tackle this, we have partnered with Trustswap to lock our Team tokens and enabled 8weeks of vesting period for pre-sale tokens to start with.
Q: Виталий Чанчиков,
We have seen many Advancements in Crypto Industry. What Real-Life Changes Centralex Brings to the Market? And why was it Important??
A: Tristan,
Hi there, Cryptocurrency is a big threat to the financial industry and Governments start to worry more and more that they are losing the grip over their own faulty financial system. We at Centralex will do this a bit differently. Our goal is to bank the unbanked by offering our clients on the Centralex platform a variety of cryptocurrency products and traditional banking all under 1 roof as a one-stop-shop.
Q: Winterkom,
You said that you are working with a talented artist to create your own limited edition NFT. What will be its functionality on your platform? Will your NFT have any use case and utility? And how are we going to have these unique and limited edition NFT’s?
Nowadays So many Rug Pulls and exit scams happening. How can users trust your project and how you are different from others?
A: Tristan,
I agree with you that many DeFi project doing rug pulls and want to earn a quick buck. We at Centralex are fully regulated by the European Union please see the website https://ariregister.rik.ee/ettevotja — registration number: 14559308 As I also mentioned earlier, we will lock ALL our Liquidity tokens and Team Tokens at the TrustSwap organization.
Q: Vouture NOVA,
Which countries are the main markets that Centralex country is focusing on now? What is your marketing strategy to access these markets?
A: Tarun RAMA,
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.
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 specialized Crypto onboarding terminals across Africa, leads us to believe we have a serious set of cards to play on this table. Our focus will be on Africa, Asia-Pacific, and the Middle east.
Q: María Fernanda,
I think security is the most important thing in a project. So How one is secure on Centralex platform?
A: Tristan,
We believe that security is a key to success. Without security measurements, it would not be safe to use any trading platform in the world. We have been Audited by world-renowned companies such as Hacken.io, who stand as a voice to the public about our transparency and the safety of our CenX smart contract. . You are welcome to look at our LinkedIn and further get to know our team of ambitious savvy professionals.
Q: Future x125 to the dip,
According to the roadmap, what are your most important next priorities? Does your team have enough funds and a strong community to achieve those milestones?
A: Tarun RAMA,
Our main aim is to get our staking and Governance portal live for our Traders to avail discounted rates for each trade. And to provide the NFT After-sale marketplace, just because the market needs one right now since the decline of the NFT trend. With ongoing support from the community and expert team internally we will be launching our Custo-DeFi solution sooner than you think
Q: Kazi Jahid
Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
A: Tristan,
Our roadmap is big but thanks to our super talented dev team we can reach all our goals. We also will follow future trends like NFT and NFT marketplaces. The market is changing super-fast and maybe next month you will see a trend of tokenization of traditional stocks on the blockchain.
Q: #HODL GANG $TEL $UBX $EARNX,
What have you learned from an early version of the product or service? Do you have some major obstacles along the way?
A: Tristan,
Centralex is founded in 2018 with Marin our co-founder and me. We found back then that Crypto exchanges are too difficult to use for the regular Joe or Jane and that there should be a nice merge between simple trading but at the same time with all the bells and whistles for the advanced traders. We have learned from other projects that wallet security is super important. This is why we choose FireBlocks to manage all our and the clients’ assets under their custodial environment please see their website https://www.fireblocks.com/
Q: Dide,
You mention that you will provide 2% instant rewards, will that be for all $ holders? Or will it only be the ones with a stake? If so, how much is the minimum allowed to stake $?
A: Tristan,
We provide a 2% bonus for people who are joining our pre-sale. The staking rewards are a bit more complex but to give you a better overview. For every transaction paid in CenX tokens, the CenX token stakers or holders will be rewarded by our staking program. Interfacing with the ERC-20 smart contract is the CenX staking contract. The CenX staking contract enables users who are staking CenX to start receiving up to 25% of the transactional CenX fees received on the Centralex Exchange for trades. The first year, the CenX staking rewards will be pegged to 25%, and then halved each year thereafter. This makes the first few years of staking the most advantageous for early adopters.
Building a community is key to success… You can join our community https://t.me/centralexhk
Tarun RAMA,
And we have an ongoing Treasure Hunt for the community, feel free to participate: https://gleam.io/j6YJU/centralex-presale-20000-treasure-hunt-competition
Q: Relax Forest — Real Miracles and Manifestations
Good afternoon, the Russian community is interested in questions, do you plan to burn your tokens? are you planning to list on other exchanges? Does the token already have a target audience in social networks? Do you plan to expand further?
A: Tristan,
The CenX token is a deflationary token, and much like the staking rewards will follow a yearly “halving burn rate. Every transaction where CenX is used on the Centralex exchange for transactional fees will result in a specific percentage of the token supply being burned. The burn will start at 5% and will halve each year thereafter. This decreases the total supply of CenX, thus increasing the scarcity of each token.
0xGems,
Wow thanks for that all answers 👍👍
Tristan,
All great questions :)
I would love to answer them all, but I would suggest for the people who did not get a reply from @RamaTarun or myself to join our community where they can ask anything they like, and we WILL answer them https://t.me/centralexhk.
0xGems,
Thanks CenX team.
And to all who participate thank you.
We will announced winners soon
Q: Daniel Laney,
I see your project has several partnerships but who are the main partners? What are the benefits of partnering with the #Centralex ecosystem? What is in the future you will reach?
Tristan 🙉🙈🙊,
All our partners are strategic partners and many more to come. Our end goal is to educate and build a platform where everyone is welcome, create awareness… Everyone if your young or old they should be able to use our platform for all their day-to-day payments or trades... We are building a one-stop-shop and by the end of this year will are planning to deploy between 50 and 100 Crypto ATM machines.
Tristan,
Thanks, everyone!
0xGems,
Thanks @TRCENTRALEX will unmute the chat now.
Tristan
😘
0xGems,
🚀🚀🚀
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