March 23-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the Xchange Monster there were:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 @itara_a = Marketing Specialist
👨💻 @ad_byte = CTO
Listen on : https://t.me/icospeaks/1061185
👨💻 @Aya_MM12 = PR Specialist
👨💻 @CryptoCat_XM – CEO
Listen on: https://t.me/icospeaks/1061182
Let’s get started!
Q: How does $MXCH fit into Xchange Monster’s ecosystem?
A: Listen to the answer on: https://t.me/icospeaks/1061195
Q: How many tokens were issued initially? what’s the supply?
A: Listen to the answer on: https://t.me/icospeaks/1061199
300M token –> Burn of 100M over time
Get access on xchangemonster.com –> Public Sale from 1 May
Round 1 –> 7.5M tokens at 50% discount. Best deal!
Private Sale has started, very exclusive and limited to accredited investors only. Come early not to miss out!
Many more utilities, listed in the whitepaper
Q: If 100 $MXCH tokens were bought today, what would that mean for The $MXCH token holder?
A: We’re providing specific deals for large token holders (VIPs) on our exchange platform
Eg. discounted trading fees and many more features
Xchange Monster will do future campaigns where we’d match the amount of tokens bought
(i.e. 1st 1000 users to buy 100 $MXCH will receive an additional 100 $MXCH free) –> only if you hold MXCH
It’s going to be exciting to hold $MXCH –> Price will rise because there is REAL value…and eco-system driven by an awesome community
100% aligned with Felix, holding $MXCH would essentially give you access to a long-standing partnership; lower transaction fees/discount on trading fees/ access to our loyalty rewards program
Q: What is the sale price and minimum/maximum amount of tokens that can be bought?
A: First of all, Xchange Monster is fully regulated in Switzerland, one of the best crypto-regulators in the world.
Private Sale Round 1: $0.45/per token
Private Sale Round 2: $0.5625/per token
Public Sale –> 1 May: $0.67500/per token
Round 1 + 2 –> min. 100k
Public Sale –> Regular trade on xchangemonster.com
We will be listed on several exchanges in May.
Further details to be announced soon.
Q: On your current website, you can only buy $MXCH tokens. When will other features like the exchange and Monster Wallet be available to use?
A: We have an interesting year lined up! During the month of May we will be launching a brand-new fully fledged exchange. In addition, we will also release a new wallet Platform with a payment integration purpose-built for our gaming community. Soon after we launch our NFT market place which will strengthen the ecosystem.
Additional features will be announced during Q3 and Q4
Q: How easy is it for an investor to get involved at Xchange Monster?
A: We open to all forms of investors, we have provided a clear mission and vision, any one interested in joining, can make contact with our business development team or through all the various channels provided on our website. I would encourage folks to read the white paper 🙂
Now is the time to invest🔥🚀
Once you read the whitepaper you will be hooked to the project the way I am hooked already🚀
Q: Are you more excited for the exchange, wallet or NFT marketplace to be released? (Dependent on answer, please elaborate why?)
A:Great Question! We see the eco system as one and given purpose built design approach that we followed, there is no way that we can deem any of the platform components more important that the other. We’ve done extensive research and all of these components be it the wallet of the NFT market place are all absolutely important. We are also excited to work with the gaming community to further understand how we can add important features going forward.
Q: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
A: Thank you for the Question, I would recommend reading the white paper we have specific section on the Tokenomics…
Also I’m available on the Xchange Monster channel for any clarification needed
Q:According to the project’s roadmap- what are your most important next priorities?
A: We in execution stage of delivering our Exchange Platform coupled with wallet and payment service.
Q: 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐭𝐨𝐤𝐞𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦? 𝐖𝐡𝐞𝐫𝐞 𝐜𝐚𝐧 𝐩𝐞𝐨𝐩𝐥𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐛𝐮𝐲 𝐢𝐭?𝐰𝐡𝐚𝐭 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐢𝐭𝐬 𝐮𝐬𝐞𝐝??
A: holding $MXCH would essentially give you access to a long standing partnership; lower transaction fees/discount on trading fees/ access to our loyalty rewards program
Q: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
A: We all our social media link on the current website
Q:Do you have AUDIT certificates?
A: Thank you for this question, We went through an audit 2 weeks ago and happy to report we concluded the audit successfully.
Q: Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token? What is the income model?
A: We earn small fees on the transactions on our exchange, NFT marketplace and wallet. The revenue model is based on volume and has many elements. I’d recommend to read the white paper for details.
ICOSpeaks hosted an AMA Session with the Xchange Monster Team. That’s all for today.
Thanks to all users who participated.
Thanks, Xchange Monster for being with us
Thanks, all and see you soon😉
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