The Exchange of the future has landed. - AMA with Crypto Daku Robinhooders
Naman
Centralex is a gen-friendly exchange. Combining simplified and super-swift user experience with safety.
Lots of things!!. And I am sure people here are eager to know more.
Tristan,
And we are eager to share more about Centralex
Naman,
Welcome, @TRCENTRALEX @Centralex_Africa thanks a lot for joining. Before we start AMA, we will love to know about your role and day to day work experience in 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,
Hello Daku 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.
Naman,
Can you tell us about how you got introduced to crypto and your journey so far?
Tristan,
That's a very good question, I got introduced to crypto back in 2016 when one of my friends was showing off his mining rigs. Since I have an IT background, I was very intrigued by this “New “ Technology. I quickly started to build my own mining rigs and this expanded quickly to a medium size mining farm in Hong Kong with around 150 mining rigs. While trading on multiple trading platforms we noticed that crypto was not really built for the mass and that where the idea of Centralex started.
Marin Centralex,
My first encounter with the crypto space was when a friend had asked me “Ever heard of Bitcoin “That was around 2015/15 this intrigued my interest and started to learn about crypto, lots of R&D and some travel and speaking to like-minded people, that eventually convinced me to start GPU mining, which pulled me into other projects from there, working on projects that tried to tackle new use cases for crypto. I later met Tristan in 2018 and the Centralex journey started soon after.
Naman,
Can you tell us all more about the project, the idea, how it started? And especially why it's needed or how is it disrupting?
We can break to following
the problem you are trying to solve
Why you think that's the problem
What's the solution you are proposing
How you solve it
Marin Centralex,
What’s the problem with exchanges?
That's again a very good question,
Back in 2018 when the idea of Centralex started we found that many exchanges did not build for the regular Joe or Jane. Or it was a very simple exchange but no trading features or their system was too complex for normal users to use. Some of these same problems still apply as many exchanges are very difficult to understand for newcomers.
Problem:
Exchanges of all kinds are currently undergoing many inherent issues on a foundation basis. For eg. rug pulls can easily overshadow the great potential of the crypto ecosystem. We are here to present the community with methods and tools to overcome these challenges. Centralex provides you inherent built-in security to overcome these fake currencies.
How we solve this:
The Crypto transactions space has evolved over the years! Centralex brings you a combination of technology, scalability, adoption, and more importantly user convenience on managing transactions, based on the fundamental tenets of anonymity and security like confidentiality, integrity, and availability. Every element of the overall platform is designed to achieve one or more of these principles. All rolled up into an easy-to-use platform. The problem we are trying to solve is to overcome the steep curve of crypto adoption to make it simpler for the end-user and bring crypto to everyone.
How will disrupt?
We will be applying new Methods to create deep liquidity pools that live between the space of your traditional CEX and future age Dex expanse, and we will combine these with other techniques to bring forward an easy and secure user experience. This all wrapped up into a compliant friendly and regulated interface which we call Custo-Defi.
Centralex will merge DeFi products under a semi custodial environment where people have the choice between centralized or decentralized features and we call this Custo-DeFi
Naman,
interesting
Can you throw more light on semi custodial environment?
sounds interesting concept
Tristan,
Sure, We are able to share some of this information but since this is a new kind of concept we cannot disclose too much.
Well, this would be a perfect balance between CeFi and Defi. We noticed that people want to have their assets stored in a safe place, but they also don’t want to take responsibility for those assets being safe necessarily and would also like to know if those assets are stolen that they can be covered somehow, and yet they want the freedom of Defi. ;)
Naman,
I see
Also, Inheritance is a big problem in crypto that is yet to be solved
Tristan,
Our aim is to launch Centralex Custo-Defi by the end of this year!
Naman,
Seems you guys have something for that problem too
Can you tell us about the market pie you are trying to conquer, your competitors, and your SWOT analysis for your offerings?
Tristan,
Sure, give us a moment to reply. Your questions are very good and again we need to make sure we give you our best answer :)
Naman,
@TRCENTRALEX
Marin Centralex,
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’s important to note that the launch in May of the initially 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.
Naman,
Great
Who all your advisors and backers? and can you tell bit more about team members
let's keep this brief
Marin Centralex,
The team consists of 20 + superstars and is an international team consisting of members from Hong Kong, South Africa, Russia, India, Serbia, the Netherlands, and the United Kingdom we are still able to attract more talent and investors and supporters from these same regions and more.
Naman,
Cool cool
Let's get to the important question
can you tell the community about tokenomics, tokenutility, and TGE?
Tristan,
Here are our Tokemonics:
Total supply 500000000
Private Sale 171875000
Public Sale 103125000
Centralex Team 125 000 000
Marketing, Integration & Partnerships 47500000
Bounty Program 25000000
Advisor & Consultants 27500000
Marin Centralex,
Some of the utilities include Discounted trading fees and Access to specialized services launched on the Centralex platform additional features worth mentioning are our Staking and Governance mechanisms as well as our unique Cen-Split Rewards program.
Naman,
Let’s open the floor for questions
We are opening the floor for ama. Please see pinned message for the format of AMA. You break rules- you miss rewards
Daku Bot,
Channel UNMUTED for NON ADMINS
Rocket,
most of the people are unaware about these features and how to utilize them for their benefit. what plans do you have to make people aware about the features u are providing? do u also some tutorials which can help people better understand about how to utilize them?
Tristan,
Yes, we will make very clear and understandable tutorials for people to understand how to use our platform and features
Amina Peter,
As a new exchange, the most obvious problem is adoption and liquidity, How will Centralex deal with these problems?
Tristan,
Centralex is partnered up with multiple liquidity partners to have the smallest spread and best market-making
Tinh Le,
Q.What is Centralex strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally?
Tristan,
Yes, we do believe that having a strong community will help every and each project
Marin Centralex,
We need all of you to stand on the roof and shout it out loud! We need community members who believe in this project, sure we have plan to be on billboards and busses, but we also know the inherent value of community, Centralex is built by the people for the people. Most of these actions will be backed by actions like multiple community AMA, Live Conferences and seminars covering our platform and how to use it. An academy of some sort perhaps one day…
DBZnft,
It is important to get audited in this space seeing the daily rug pulls and contract exploits.
Can you tell about if you are audited and share the report?
Tristan,
We do believe that Audits are super important for every project and that is why all our contracts are audited by hacken, io. Unfortunately, we are not able to share our report in the TG group due to group restrictions. I will post the report after the AMA…
Amina Peter,
How will you select projects to list on your exchange? And how will you settle dispute between traders in your platform?
Tristan,
Centralex has built a governance smart contract where we want the community to be involved with new project listings.
Xoai Chua,
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?
Marin Centralex,
Initially, we have a vesting period from the date of public listing on, this will only initially protect investors from the typical pump and dump scenario, the incentives we have built into the token mechanisms will help take care of the rest, for example, 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 Cen-Split Program offers token holders quarterly airdrop rewards, simply just for holding the token.
Pattegrew,
How will the Custo-Defi work? When I will come to your platform I will have the option between Central or Defi?
Tristan,
Yes, this is how we are going to implement the Custo-Defi solution. 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 dexes..
Chu Linh,
During 2020 I got scammed a few times, rugs, exit scams etc. — how can we investors be sure that this will not be similar, are your contracts public & somewhere to be seen?
Tristan,
I’m sorry to hear that you got scammed back in 2020. We at Centralex have all our contracts audited by hacken.io and we also will lock our team tokens and LP tokens on the TrustSwap platform
Kaido,
Staking program is very important for any project, Can I stake your token? Do you have any plan of starting the staking program?
Tristan,
We have developed and contracts with a fair reward distribution for stakeholders.
Emily,
Who are your potential customers and which markets are you targeting on?
Marin Centralex,
APAC and EMEA as a start.
Agvbig,
Q.When did Centralex decide to roll out Centralex Token Public Sale? Can you tell me how to participate in the Centralex public sale?
Tristan,
Good question: Our token sale has already started. Once we have completed our token sale we will list our CenX token on UniSwap and PancakeSwap where Centralex will build a bridge between CenX -> UniSwap -> Pancake swap.
Chu Linh,
What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Tristan,
Our plans for the next 3 Quarters have been clearly mentioned in our roadmap article and our main priority is to launch Staking/Governance portal, NFT After-sale Marketplace, and Custo-Defi as planned.
Shines Simon,
What ways do you motivate investors to keep holding token for the long term,
does the design of the token requires any scarce paths, such as equity, storage or burning?
Tristan,
The Centralex token is a utility token that can be used for trading discounts, governance and yes there will be a token burn with the first year of 5% and will be halved every following year.
Ahnmada Badu,
Hows your long-term marketing plans. How are you going to do it? How, or actually through which partnerships are you planning to utilize passing your product onto the normal — especially for non-crypto investors? Can you say anything about your potential customers and which markets are you targeting? Hongkong or whole China or globally?
Tristan,
Centralex is aiming to bring crypto to the real world. We have big partners which will be disclosed very soon. I would suggest you follow our project. ;)
Naman,
@TRCENTRALEX @Centralex_Africa
Lets answer last couple questions before ending the ama guys
Ahnmada Badu,
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?
Tristan,
We are currently building a bridge between BNB and ERC-20 but also ERC-20 to Matic
Shines Simon,
Africa is a fast developing economy, and just like its counterparts-are working towards Crypto regulation, what’s your take on crypto regulation, good/bad and how will you intend to handle regulations to foster product adoption, how many countries does your project supports moreso, what step would you consider to be your biggest goal to look out for by the end of 2021?
Marin Centralex,
Regulations are good in the sense that with regulation we start to stomp out the bad parts, fewer scams, less money laundering that usually ends up in the wrong sort of hands, like groups with malicious intent terrorist groups and the such — that’s why we have partnered with companies like Chainalysis to try to combat some of these roadblocks. We are in the process of becoming fully licensed/regulated in some territories that have had some really good solutions and we hope to spread these solutions to other areas where these approaches have not been seen. We are global with the exception of certain territories that have been sanctioned. You are always welcome to reach out to our compliance department for more details. one of the biggest goals we have( and there are many ) is the successful deployment of onboarding terminals across Africa, this is one of the fundamentals in bridging the gap and helping adoption — especially those people who are otherwise considered “unbankable”
Naman,
Thanks Team for joining for AMA
It was a pleasure hosting you guys
Tristan
Thanks, everyone!
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