Ask Me Anything with Cryptoxi at ICO Speaks: Summary

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cryptoxi ama session at ico speaks
September 5-th   held an Ask Me Anything session at ICO Speaks telegram chat. From the Cryptoxi side, there was :

  David | @CX_David | CEO of cryptoxi |
Dey all,  I’m David and I’m founder of Cryptoxi. I have more than 7 years in product manager and CEO for some tech startups and blockchain project.

Let’s get started!



Q: Why is the project placed on Polygon chain? What strengths does Cryptoxi have to compete with competitors

A: Polygon (MATIC), formerly known as Matic Network, is a layer 2 blockchain network built on top of Ethereum . The Polygon provides the greatest advantages over other blockchains as Low transaction fees, Extremely fast transactions per second about 65k transactions per second and taking the advantages of Ethereum’s security, openness, and the ecosystem. 
Cryptoxi is built on Polygon, so it also has the advantage of low gas fees and fast transactions.
In addition Cryptoxi have many different from other NFT gaming projects as collectibles of world-class NFT characters, And the greatest token design in the market for long-term holders .
And building a module to link with other dApps, cross-chain to prospective blockchains.
Q: What types of game, platform, and player experiences does Cryptoxi support

A:  Cryptoxi will be the platform to take advantage of the greatest strengths of the game and digital collectibles, Defi, DAO, making it a digital mascot universe 
Q: Could you please provide some progress on your Roadmap and what results Cryptoxi has achieved so far? And any sneak peek into 2021 plans for Cryptoxi

A: Sure,
We are working very hard to achieve the milestones as
– We completed for audit contract by Dessert
– Preparing for IDO on Polygon
– NFT farming
– MVP gaming for Battle with Monster
– Governance stake to to have power on the platform while also being rewarded for holding OXI tokens for a long period of time.
– CEX listing
and tons of other things needing to do
Q: Almost 80% investors have just focused on price of token 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:  Yeah great question, 
Sure, we understand deeply.
We have a program called Governance model,
It encourages long-term staking and active community involvement through unbiased governance. Users can easily lock their OXI tokens and take advantage of Cryptoxi’s enticing increased APR incentives. The OXI coin also serves as our platform’s governance token and fee distribution mechanism, integrate, unique functions, events, development and more. It was created to give players the chance to have a voice on the platform while also being rewarded for holding OXI tokens for a long period of time.
Currently, OXI is staked on Cryptoxi’s “Governance” , and users receive their tokens locked with a time horizon. After that, a player can start receiving incentives from 30% of the reward received in Treasury and Boosting mechanism increase OXI rewards in Farming & Battles.
Q: User ofter care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of the token?

A:  Exactly, 
User will be interested in the value of the token. To balance that, we work hard to come up with new features according to the roadmap, built a technology platform that allows quick connection with other projects to develop together. At the same time, based on the Governance model, token holders decide to have unique functions, which helps the project develop long-term and sustainably.
Q: Are you a global project or 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:  Yes as I mentioned above
Currently our project is developing on Polygon chain, it is a global market, so our partners and community are also global, anyone can participate in the project anywhere.

Q: we saw that Cryptoxi have been audited. It’s a good step for the project, As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the Cryptoxi platform? How to ensure the safety of customer assets

A: Yes this is very important. 
Cryptoxi is completely onchain (running on Blockchain) for opening random mascots, joining battle PVP & PVE, farming pool, trading in the marketplace… But some other NFT games use servers (offchain) in the game, which makes it no longer the nature of a blockchain game and very easy to control by the developer.
With opening random mascots, we use Chainlink VRF to determine the species of newly minted rarity mascots NFTs.
Therefore, the system developed on the Governance model (DAO), will gradually be completely controlled by the community.
Q:Can you explain to us how to purchase your token? Will you have private sale and public sale event?

A: We only sell public sale via IDO, we will inform later, please follow our community channels for the earliest information date.

 

Q: Do you have a Token Burning plan to increase  Token value and the attract Investors to invest?

A: Sure, we have a Treasury that stores system fees and we use it to buy and burn tokens and reduce inflation.
Q: About your ecosystem, can you tell me what security system do you have to guarantee privacy and protection to your users?

A: As I mentioned above, our system is completely onchain, and we use Chainlink VRF to randomly unlock characters NFT.
 Q: I have seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?

A:  Of course, the community is the most important part of the project. We always want to hear the feedback from the community, and your support for the project.
Q: Can you tell us about the motivations and benefits for holding tokens in the long term? What plans to drive demand and token scarcity?

A:  Yes as I mentioned Governance model, It encourages long-term staking and active community involvement through unbiased governance.
Q: what is the structure of this project, is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?

A:  Our project structure is run by DAO (Governance model), who hold more tokens the more power to decide and direct the project and get more incentive.
ICOSpeaks hosted an AMA Session with the Cryptoxi Team. That’s all for today.
Thanks to all users who participated.
Thanks, Cryptoxi  for being with us
Thanks, all and see you soon😉
Cheers 🥂

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