CAPITALB AMA Recapitulation - Cryptoxxpro Exchange
⏏️ Cryptoxx Pro Exchange is a global digital exchange trading platform that allows individuals and institutions to buy and sell, and trade different crypto currencies. Cryptoxx Pro Exchange offers a simple buy/ sell crypto features for beginners and range of crypto-earning opportunities.
Questions From Host!
- Q1) What is the main idea behind Cryptoxxpro exchange ??
Also list out the usecases.
Answer : We identified that, there is a huge market of crypto space in Indian sub continent and very good projects are emerging from here, unfortunately due to lack of understanding of Blockchain and Crypto Space in whole this projects cannot succeed, We found a major gap, since none of the Indian Exchanges supports Launchpad and Coin Listing facility which is not helping blockchain and crypto ecosystem to thrive in Indian Sub continent and that is the reason we came up with an idea to create an Exchange, A brand which will be associated with Trust and list and help good projects to get a wider audience and support crypto ecosystem here. Currently only 0.1% of Indian population is engaged in Blockchain and cryptos, Our aim is to take that number to 10% with good governance, good technology and trust.
Later in the Roadmap we are coming up with
1. Dex Platform (About to launch in a Week’s time)
2. P2P Exchange (Should be launched in next month)
3. NFT Marketplace
4. DeFi
5. Derivatives and Margins
6. Metaverse Marketplace
7. Gaming Platform
8. CTXX Pay (Payments and Utility bills payment App)
9. Own blockchain
10. Visa Prepaid Card for Crypto
- Q2) What’s your take on partnership and Also tell the plans to raise awareness about your product
Answer : We would love to partner with everybody who genuinely beleive in our Idea and our vision and our Trust. We are not here to cheat anybody.
Currently we are focusing on increasing users on our exchange, we are doing following activities to raise awareness
1. Airdrop Program of our CTXX Token
2. AMA's with great communities like you guys
3. Listing promising coins on launchpad, staking and trading
4. Social Media Marketing
- Q3) The major problem faced in many exchange is trading volume and delayed deposit and withdrawal so how will you address this issue?
Answer : Yess this question is very important amongst crypto community. When I was a newbie in crypto I have faced this issue. Let me answer this
I think, have a good tech💻 is of outmost important, we have setup our own nodes to facilitate faster deposits and withdrawals, you can experience almost real time settlement in terms of deposit and withdrawals
Another major concerns for emerging exchanges is liquidity there are not able to manage liquidity and that is the reason of delayed withdrawal I beleive. We have associated with some really good liquidity providers who also provides liquidity to big exchanges like Binance and KuCoin. This also helps us solve liquidity problem.
- 4) What all passive earning opportunities will be provided by Cryptoxxpro exchange and also Ctxx token because right now only staking Ctxx option is available??
Answer : Being a Cryptocurrecy Promotor we are going to address this side of the business which will be good for the community also.
In terms of passive income opportunity we have already tied up with some of the best in class service providers in crypto space, who are helping us shape our Smart Staking Program where we are coming up with 100 + cryptocurrencies staking program in coming months with higher APYs and Lesser risk to our end users
We also have our in house trading team who is expert in generating good revenue from crypto trading and Forex trading, whos outputs will be passed to people who are doing CTXX Staking.
We are also coming up with Yeild Farming, DeFi and other cool instruments where our users can earn more in less money and in most trusted, secure and outstanding tech enviroment.
- Q5) How you assure about the security of your product because many cex get exploited ?
Answer : Critical question but I would love to answer this 😌
Our exchange is security audited by Certix and other good players in the market like Audit Rate and some private hackers, our servers are PCI-DSS compliant, SSL Certificates are in place, Cloudflare, firewalls and all the good tech is in place and every quater we do security and vulnerability assessment. I would like to stress on one point that, we at Cryptoxx Pro Exchange takes security very seriously and our mantra is, maybe we will provide one feature less to our end customer / user but we will certainly not compromise on quality and security of the project.
Going forward, we know even if we do all sorts of things to protect our data, servers and other tech which is keeping our exchange live, a hacker will always come up with something new to breach into our system and this will be a continuous process, to safe gaurd our users from this kind of hassle, we have tied up with BitGo who is providing us with 100 Million Dollar insurance as of now and later to be increased as and when required, so tommorow if something goes wrong, we have a backup plan in place.
- Q6) What all more features can we expect to be introduced in Cryptoxxpro in coming months and also share in brief about the airdrop ongoing at present!
Answer : Certainly development is a continuous process and we are also coming up with innovative features in our exchange. In coming months, you can expect a DEX platform and P2P portal and Payouts in Fiat Currency (Post Licensing from Indian Goverment and Banks). This are the most prominent features of our exchange which you can expect in coming months, later this year, you can expect derivatives / margins, DeFi, Visa based Prepaid cards to withdraw money from any ATM across the globe.
For More information!
Website : https://www.cryptoxxpro.io/
Telegram : https://t.me/cryptoxxpro
White paper : https://cryptoxxtoken.io/Cryptoxx%20Whitepaper%20.pdf
- AMA RECAP BY CAPITALB TEAM!
