Custo-DeFi and security chat with IM Community

Centralex
9 min readMay 14, 2021

Marin Centralex,

Hello IM Community, 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,

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 early 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

Bà Tân,

Question1. So first of all, can you introduce Centralex and also please tell us how the name Centralex was born for this project?

Tristan,

Centralex is founded in 2018 by the 3 core founders. 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 an incredible team to back the vision.

The Company name was meant to inspire the idea of a central platform from which traders can meet and do all functions they might need, essentially a 1-stop shop bringing crypto to the mass and banking the unbanked.

Bà Tân,

Question2. What are the advantages of the Centralex platform?

Marin Centralex,

We have a few points we wish to highlight, namely:

1.) Super-Fast and Secure trade engine (500000+ TX’s/Second

2.) Secure and encrypted wallet infrastructure that has assets partially insured

3.) Affordable trading fees and access to special offerings through the CenX Launchpad.

Tristan,

4.) Centralex will implement many DeFi products as our Centralex solutions called Custo-Defi

5.) Merging crypto and traditional banking in one platform makes us a one-stop shop and allows us to give banking accounts to the people who don’t have access to banks… Banking the unbanked

Bà Tân,

Question3. What products are Centralex developing?

dimphx,

We are launching the spot exchange product on the Mid May, which will be shortly followed up by our Staking and Governance Platforms.

Bà Tân,

Question4. What are the major milestones Centralex achieved so far & what are in the future pipeline?

Tristan,

We consider our presale to be a massive milestone and successful one so far, we have raised over $1.5M+ USD at this moment and still counting.

Bà Tân,

Question5.What is Custo-DeFi and why do we need it?

Custo-DeFi is going to be one of our most defining products, with this product we will create the bridge on which the users will have access to all-in-one functions.

End of session 1

We’ll move on to session 2

Bà Tân,

Sessions 2: The conversation will open to the community questions and the best questions will be selected.

Mr Dollar,

Your foundation idea is very new, so it takes a lot of formula and takes a long time to develop. This must have a tricky point for you? Do you agree that the strength of the community will lead your project to grow globally? @TRCENTRALEX @Centralex_Africa

Marin Centralex,

Yes, the community is the key to any good project, we need you as a community to back our vision and purpose!

Holdon,

Q. What are your upcoming events??? what important events we should not miss.

Marin Centralex,

Our presale is on right now, until the 15th of May when we open the Spot exchange.

Minal Vai,

🪐 How the demand for your token will increase in the future? or what steps would you take to increase the demand?

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 and our burn schedule looks as followed. First-year 5%, second year 2.5% and every year after this will be halved.

Andra Man,

Security is always most important for a user. Can you tell us about your platform security? Have you done any audit via any audit platform?

Marin Centralex,

Our Smart contracts have been Audited by Hacken.io , we also have a full team of Pen testers and ethical hackers, testing and fine-tuning our systems.

Lucifer,

Many projects carry out some activities to attract more users and investors. Do you have an ongoing rewards program?

dimphx,

Yes, we have nice discounts for fees for newcomers but the trading exchange is not our key feature.

We are attractive by the ecosystem of products

Shiva,

So many scam projects around us. And almost 85% of projects with anonymous teams do rug pulls. At this point why you decided to remain anonymous? How can we trust you?

Marin Centralex,

We are not anon, you can find out more about our team on Linkin, and a panel of advisors will be revealed in the weeks to come. For security reasons, we do not advertise our team.

ZX WADAF,

Q. Are you a global project and fully Decentralized? Can any person able to use Your project from anywhere in the world?

dimphx,

We will combine both centralized and decentralized features

ANT MAN,

So many Rug Pulls and exit scams are happening now. How we can trust this project and believe you are not the same as them?

Tristan,

I agree with what you said. There are too many fake projects and projects who are doing rug pulls and leave investors in the dark. We at Centralex are a solid project with companies all over the world from Hong Kong, the British Virgin Islands, South Africa, and Europe where we are holding our Estonian license. We do believe in regulations and Centralex is a regulated company which can be viewed here https://ariregister.rik.ee/ettevotja registration number: 14559308... We at Centralex will put all our team tokens and liquidity tokens under custody at TrustSwap to protect our customers and build trust in the community.

Trà Mi,

Marketing is an important factor to help bring the project to the community. Currently, I see your project is investing quite a large amount in marketing purposes, what are the objectives and target communities that you are prioritizing now?

dimphx

We aim to achieve mass adoption and low-level entry for newcomers and even for those who haven’t had experience with crypto at all.

budi karebet,

How does your auto staking system work? and is there a certain number of hold tokens to receive 5% profit from the transaction fee?

dimphx,

When a user stakes, it receives upon withdrawal all the amount accrued over a period of time during staking

budi karebet, [10.05.21 13:24]

Why you have chosen Erc-20 chain? Do you think it will become better after the layer 2 solution or you will move to another chain like emerging BSC or HECO?

Tristan,

Our foundation started using an ERC-20 token, we do accept both BNB and ETH on our launchpad as a form of payment. Centralex is and will create a layer 2 solution and we also will be developing a cross-chain solution to serve the crypto ecosystem and reduce the transactional costs for all CenX users.

Mr Dollar,

@TRCENTRALEX @Centralex_Africa Your foundation idea is very new, so it takes a lot of formula and takes a long time to develop. This must have a tricky point for you? Do you agree that the strength of the community will lead your project to grow globally?

dimphx,

We don’t try to reinvent the wheel but rather focusing on developing a business model based on L2 layer products

The Moon,

I care deeply about personal privacy, personal and organizational security, and the decentralization and sharing of power. What are $Centralex goals and motivations for taking on anonymity with transparency in general specifically as $Centralex priority?

dimphx,

First of all, we have KYC during onboarding.

Other than that, all assets are secured because we don’t keep private keys at all in our infrastructure

Hitha,

Can you tell us the motivation and benefits for investors to keep the $CENTRALEX token long-term?

dimphx,

Discounts on fees, staking and governance, utility projects, and referral system

Vobo Pagol,

⚡️I’m a developer, and I’m interested in contributing to your project alongside earning, do you have any Bug Bounty to check for vulnerabilities??

Marin Centralex,

There will be bounty programs in the future, please send an Email to hello@centralex.com with Subject Line “ Bounty Applicant”.

Mr Dollar,

Are you your top priority in protecting customers’ information and interests? @Centralex_Africa

dimphx,

We do not keep any private information and don’t keep private keys in our infrastructure.

Chikni Chameli,

What is the competitive advantage your project has that you feel most confident about?

Tristan,

Our most competitive advantage is that we have strategic partners who believe in our product. Fireblocks, Simplex, Chainalysis, Royal-pay, and many more to come. We feel most confident about our banking partner which allows people to access traditional banking solutions under a crypto exchange/trading platform where we will house many products including NFT marketplace, NFT after-sale marketplace, Staking, Governance, but also launchpad solutions, team token locks, and much more.

Paul Mark,

What are you doing to gain developer adoption on your project? Are there incentives or grants for people wanting to build applications on top of it?

dimphx,

We will enable it in the future wherever it’s applicable.

Vobo Pagol,

⚡️How many wallets can support your platform until now? Also, do you have any plan to build your own wallet?

Tristan,

We are supporting over 300 different wallets and over 15 blockchains at this moment on our platform.

Babri Brros,

💣Can you please tell us more about the team vision cause many projects do good in starts and later abandoned the project? What is your strategy to increase attraction towards your project?

Marin Centralex,

We have a rollout of High-tech remote onboarding terminals planned towards the end of 2021. This will allow people who do not have easy access to the internet to join the project and trade.

ZX WADAF,

Many projects get abandoned due to low funds and weak experienced teams, what are the strengths and weaknesses of your project?

Tristan,

Many projects get abandoned due to a lack of interest. Many projects are the same or doing them and trying to archive the same but at the end of the day, they are not able to produce their product. We at Centralex are in the final stages of deployment and ready for the middle of May

Holdon,

Q. What are your upcoming events??? what important events we should not miss.

Marin Centralex,

Our presale is on right now, until the 15th of May when we open the Spot exchange.

🍀Jőhn L🍀,

Thank you for your time ❤️❤️❤️

Tristan,

We appreciate you so much!

Bà Tân,

Alright, I declare the IM Community AMA with CENTRALEX has ended.

Thanks to @TRCENTRALEX, @Centralex_Africa, @phnxbr | CENTRALEX joined us and provided us with CENTRALEX information, we hope that this knowledge makes us understand more about https://centralex.com/

To the members, thank you for following this event to the end. winners will be announced soon.

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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.

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Centralex

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