Custo-DeFi, an AMA with Decentralized Club

Centralex — AMA with Decentralized Club

I AM,

Hello, guys. We’re glad you’re here @TRCENTRALEX and @RamaTarun

Tristan,

Hi Chris, thanks for hosting this AMA. Our team is very excited to get started

I AM,

Then let’s now start the introduction😊

Tristan,

Sure thing. 🙂

I AM,

Here’s the first question with you guys

I AM,

Q1. So, firstly Can you guys introduce yourself and also please tell us how did you come up with this project?

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.

Marin Centralex,

My name is Marin and I am part of the founding team and currently serve as the current Chief Strategic officer at Centralex. I am a well experienced entrepreneur on multiple executive levels with a demonstrated history of working in the IT, e-commerce, and entertainment industries. I have been involved in the crypto space since the Ethereum genesis block in mid-2015 and continue to pursue this passion.

Tristan,

Centralex is founded in 2018 with Marin and myself. We met each other in the crypto mining community and this project has since then attracted very talented developers all over the world. The company has since then grow with 3 core founding members and an incredible team to back the vision

I AM,

Nice. 15 years. You’re such an expert😃

Tristan,

Trying to do my best learning new tech stacks with our main focus on blockchain solutions

I AM,

How many developers working with project now?

I AM,

Nice.

Tristan,

Centralex has currently 3 very talented backend developers, two super talented frontend developers who used to work for the Anker project, and last but not least 2 hardworking devops engineers who are keeping all our systems up and running

I AM,

Ok. Cool.

Tristan,

All our developers have many years of experience in blockchain tech. For example, our lead dev used to work for a Hong Kong exchange called Gatecoin

I AM,

Yup. Done.

Tristan,

Sweet, thank you!

Marin Centralex,

🍻

I AM,

Q2. Can you talk a bit about what use case is Centralex serving its customers?

Marin Centralex,

Our first offering to the market will be our exchange, this will be launched on mid-May and will open with 10 assets and 25 initial trading pairs, our native Utility token “CenX” will instantly allow for special discounts on trading pars, access to launchpad offerings and long term rewards.

Tristan,

Centralex also has a few strategic partners, one of them is RoyalPay who are an Australian licensed NEObank that will offer ALL our clients a virtual bank account using the Centralex platform. We are going to bank the unbanked!

Tristan,

So imagine this, you can trade, buy and sell crypto but at the same time you can do traditional banking in ONE platform with the ease of just clicking around and doing your transactions

I AM,

Wow. Big news!

Tristan,

But Centralex will offer MUCH more than these few things we just mentioned, Staking, governance, NFT, and all the other nice DeFi products on the market.

All under 1 platform called Centralex called Custo-DeFi

I AM,

Wow. Nice. Then let’s get to this third question.

Q3. What is this called Custo-Defi? Can you precisely explain this.

Tristan,

Very very good question and we at Centralex believe that this will change the market

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, govern, 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.

As you can see, Centralex is not just a regular exchange platform.. There is so much more to it

I AM,

Cool platform. Really it’s all in one!

Tristan,

Yes, that is correct... We are like a Swiss army knife where you can do crypto transactions, traditional transactions, and much much more!

I AM,

Nice. Then let’s have this important last question...

I AM,

Q4. What about security? Can you give us and the community how can be your platform secure for investors and supporters?

Marin Centralex,

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 don’t 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.

We at Centralex have a very strong foundation of ex-bankers and crypto fanatics. Centralex will become a fully regulated exchange. At this moment our legal team is busy wrapping up our crypto license application which will be announced very soon. We are using the latest technologies to safeguard the clients’ funds by using “FireBlocks” as our wallet service provider.

I AM,

Cool. Have you experienced a hacker attack on your system before?

Tristan,

Yes, we have... But thanks to our security measures we were able to route the hackers to an empty shell outside our infrastructure.

I AM,

Great!

I AM,

Let’s now move to our Twitter questions...

1.Could you tell us a little bit about your future vision of DeFi? I believe that projects with a strong vision of the future will survive in such a crowded environment. How do you prepare for the future while building the present?

From @Rabea31087731

Tristan,

Give Marin a moment to reply @Armored_44

I AM,

Sure😃

Tristan,

Marin would like to add more about the security

Tristan,

We as no other understand the importance of security. We want all our customers/community to feel safe!

I AM,

Ok sure.

I AM,

That is a vital part of every project!

Marin Centralex,

We also collaborate with various task teams globally to stay on top of new threats and malicious tactics. This is an ever-changing landscape, and we feel responsible to try our best to protect our users and the crypto community.

Tristan,

Yes, we at Centralex love DeFi products and projects, but unfortunately, there is a lot of money laundering in the DeFi space since it is not regulated. I do believe that there should be a form of regulations to protect the users from any frauds, scams, rug puls.

Marin Centralex,

Defi will bring a great many new products that simplify the way the average person interacts with the crypto world, we do believe that it also needs more accountability, we believe our Custo-defi system will address some of these issues.

Tristan,

For example, Centralex will lock all their liquidity tokens under the TrustSwap liquidity lock. We also will lock all our team tokens. We are here for the long run and not just making a quick buck.

I AM,

Nice concept!

Well said, guys. Thank you for clarifying all the information😃

Tristan,

It’s not a concept.. it is already a working product on the TrustSwap platform 😉

I AM,

Ok. Second question...

I AM,

2.What confidence do you give investors to join your project? and what are the future plans for your project in the development of the project?

From — @DogleTiyo

Tristan,

I think we already answered this question in the first part of our AMA

Tristan,

But let us share our roadmap for you guys

I AM,

3.What is your background and how did you come to the idea to create your project? How many partners are there in centralex? And the benefits that these partners bring to centralex and vice versa?

From — @ValerieElash4

Tristan,

Centralex is founded in 2018 with Marin and me. We met each other in the crypto mining community and this project has since then attracted very talented developers all over the world. The company has since then grown with 3 core founding members and an incredible team to back the vision

Marin Centralex,

We have signed strategic partnerships with companies like Fireblocks, Simplex, Chainalysis, and Shufti Pro to name a few.

We also have a panel of experienced advisors, who will be revealed shortly. Stay tuned 🤓

I AM | Chris,

Cool. Would be glad to share it also here with our community

Marin Centralex,

When the time is right :)

I AM,

Yup.

I AM,

Let’s now move to website questions...

Tristan,

sure 🙂

Marin Centralex,

💪

I AM,

1.Do you have plans of introducing staking to your platform because due to my recent research about your platform, it seems you only want to support both staking and yield farming. What is the token that you will plan to introduce in your platform if you endorse staking and how do you plan to create an APY that standout amidst other staking platforms.

From @dudeiebitch

Marin Centralex, [07.05.21 10:48]

Yes, we are developing our own propriety staking portal on our platform, this will cater not only to CenX our native utility token but also a wide variety of other tokens covering a broad scope of chains.

We are developing a yield strategy that will first be introduced for the CenX token. Rome was not built in a day, but we sure are trying our best to make this happen as fast as possible.

Tristan,

Please keep in mind that we are a Custo-DeFi platform where we can offer all kinds of DeFi products under a custodial environment.

Marin Centralex,

What that also means is we don’t need to reinvent the wheel where the wheel is already perfect — and there are many incredible projects out there that we want to support

I AM,

Such as?

Marin Centralex,

Some of the tokens we support initially will be the likes of, Chainlink, Trustswap, Stellar, Chaingames, Polkadot to name a few…

I AM,

Wow. Cool.

Tristan,

Like we mentioned... We love DeFi products 🙂

I AM,

How your project is pursuing its objectives? Could you please tell us currently the team is working on which areas?

From @Rabea1800

I AM,

How your project is pursuing its objectives? Could you please tell us currently team is working on which areas?

From @Rabea1800

Marin Centralex,

The very step is the exchange opening Mid-May, combined with our ongoing efforts to diversify our products, by introducing our staking and governance portals soon after. These are some of the things the team is working on currently.

I AM,

Great. Thank you for all your answers.

Marin Centralex,

On/Off ramps are one of the highest priorities.

I AM,

Let us have now our last segment. @TRCENTRALEX and @Centralex_Africa you ready guys for the live questions?

Tristan,

Yes! we are ready in 6th gear 😄

I AM,

I’ll open the chat for the community to chat.

I AM,

Cool. Let’s get it on!

I AM,

❗️Requirements:

👉 Follow Đecentralized Člub Twitter: https://twitter.com/dens_club

👉 Join Đecentralized Člub Telegram Channel :

https://t.me/decentralized_club

👉 Follow Centralex Twitter :

https://twitter.com/CentraleX_hk

👉 Join Centralex Telegram :

https://t.me/centralexhk

👉 Know more about upcoming events: https://decentralizedclub.live/

Community Questions

Loli

What major partnerships does CentraleX intend to use or how does CentraleX bring its products to the average consumer — especially non-crypto users?

Marin: We plan on rolling out high-tech remote onboarding terminals across the African continent within 2021, with other territories to follow.

Hieu Van

Q.What is the Centralex service fee? As a user, what incentives can I get?

Tristan:

In the middle of May, we will launch our platform with ZERO % trading fees for the first month. After that month once we start charging trading fees for the makers and takers which are very low ( 0.095%) But the trading fees will be cheaper if you use CenX to pay for your trading fees. This can result in a 25% discount and we share the discounted trading fees with our stake hodlers 🙂and we share the discounted trading fees with our stake hodlers 🙂

Eid Bunas

🔥Are you a community-based project? How can I work for the success of your project? Do you have a Global Ambassador Program or a Referral Rewards System?

Marin

We are a private organization but heavily rely on the community to support us, we have an ambassador program rolling out this quarter, please email us your CV and motivational letter to hello@centralex.io or get in touch on the TG channels

Emeli Gomez

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

Marin:

We have been in existence from 2018, a well-versed diversified team of over 20 members covering 3 continents and growing, we have been developing our technologies and ideas for a long time and this shows in our roadmap.

Giant Mama:

The financial markets, cryptos market … all fell due to the covid-19 epidemic. Does this affect your project development plan? How do you manage the algorithm and operate it? What solves the problem of a blockchain system? How do you apply the users’ information?

Tristan:

It’s sad to hear that there is a pandemic and that the world is suffering now how it is. But to be honest, Centralex does benefit from this in a certain way. Traditional money (cash) is not that much in demand. People starting to distrust the governments and this is where Centralex and the whole crypto community will play a big part in reshaping the financial world on the blockchain where transparency is the crucial top to build any type of trust.

Starcrypto fi

Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?

Marin:

Our CenX token is deflationary, with a massive 5% burn in the 1st year, following a continual halving schedule indefinitely thereafter.

Lào Thủ, [07.05.21 11:01]

CentraleX is 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?

Tristan

Centralex is a global project. We are here for everyone who wants to join our platform and build something special

Amelia Crypto,

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?

Marin Centralex,

There are plans for a Smart chain to be launched in 2022. It is developed exactly for these reasons you mentioned and more.

Mojtaba rahsariyan,

Many new projects initially developed well but were suddenly abandoned. How will CentraleX manage the project to maintain its position in the market and become a good project in the blockchain world?

Marin Centralex,

Innovation and Consistency, some of our founding principles.

Tarun:

It’s still in plan and stepping stone to build our own chain or adopt the existing chain on the market. Currently, our Pre-sale is on both Ethereum and BSC blockchain.

Sky Moon,

I want to ask 2 things — about Marketing and Rugpull. What is your marketing plan? How can you guarantee we won’t pull the rug? Please explain that!

Tristan

Nice question 🙂 Marketing is the most important component in our organization, we need to be open for our community no matter how hard or tough the question is. Marketing also does not come by itself and does cost a lot of money to make it work. We at Centralex believe that once we have the hearts of the community that we can build real special products with real use cases. Rugpull question: This question has been asked multiple times and yes many investors do worry about this. This is why Centralex will but ALL out liquidity tokens created on the DEXES where we put 60% of our raised capital under the TrustSwap Liquidity token Lock! This will ensure that we (CENTRALEX) won’t do any rug pulls and safeguard the investors' investments.

Happy, [07.05.21 11:02]

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?⭐️⭐️⭐️

Tristan,

We are working on our crypto exchange and wallet licensing. We are very close to the approval and waiting for the FIU to provide us the required documentation. 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.

Abu Baqr,

Can you talk about the future plan of CentraleX? and How can I contribute to the development of CentraleX?

Tristan

Sure, we can... I do suggest you follow our TG where we make all these announcements https://t.me/centralexhk

Follow us on our socials to keep up to date with the latest in the Crypto Community: Twitter| Telegram| LinkedIn | Discord | Instagram | Facebook

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