On Wednesday, November 22nd, Chloe — BSClaunch’s Head of Marketing, hosted a live AMA (Ask Me Anything) on BSClaunch Community with Tony Adams — CMO of Project X. During this AMA, he answered questions about the Project X project, as well as shared about upcoming plans, partnerships, and more.
This blog post includes a recap of the live AMA session and features the questions asked by community members, along with the Q&A segment with Mr. Tony Adams.
AMA EVENT START
What is Project X? Can you tell us about your project features, and your outstanding when compared to other projects?
Very good questions; sort of a compound question really. Perhaps I can answer by introducing myself and explaining why I got into the project because of it’s outstanding/unique features:
My name is Tony Adams, I am COO of ProjectX. I come from a fundraising and tech development background, having worked in conjunction with my team and partners for tech start-ups that have raised over $500mm in the last 2 years. My passion for ProjectX is clear:
ProjectX is doing something unique — not only in the history of crypto but the history of money itself: we are developing the world first and only data backed currency. This is critical because:
This means (our data backed native token, $PXR) is the only currency — crypto or fiat — backed by anything at all, making it uniquely stable. As our bridging cryptocurrency, $PXC, is the sole exchange gateway between our data backed economy and the mainstream economy, this gives it as well this unique combination of utility and stability. That is what makes it outstanding when compared to all other cryptos and Web3 projects.
Can you tell us good reasons that your project is here for the long run? How do the supporters and long-term holders benefit if they hold $PCX? Do you have staking or farming program and when it releases?
The best way to answer that is to explain that our MVP — our first revenue-generating product (already in development and launching in Q1 2024) — is our native DEX, which offers superior services at reduced fees, These features and services include initially building swap, liquidity, farm and pool features and then, once this is complete, we will add other features as we progress.
Our DEX will of course be available to anyone to access and use just by connecting your wallet; however:
And this is important:
PRX DEX users will be able to gain access to better APY on staking and other features and services etc by holding PXC.
So what this means as regards our token/utility is that whilst this is great for PXC holders who want to take advantage of these DEX features that offer them economic advantages, it is also great for any passive holder of PXC as it will continue to drive buying pressure and hence the value of the token. Win-win for community-stakeholders, project, token.
Perhaps that should be win-win-win-win.
Can you share your project road map? What is next for your project?
This was part covered in the above questions, especially question 2, and, of course, fully covered in the litepaper on our website, as our roadmap is very detailed and extensive to 2025. I am not sure if I am allowed to post links in this AMA…? I can drop that litepaper link here for those wishing to do a deeper dive, then I can expand a bit here
Check this out, guys https://projectxcoin.com/wp-content/uploads/2023/11/ProjectX_Litepaper_V15.pdf
Let me expand a bit…
This question is critical as it allows me to expand on our primary launch partner, which is very exciting, a huge deal, and the result of months of negotiations
Our launch partner is Southeast Asia’s #1 economy! What do I mean by this? Indonesia’s Chamber of Industry and Commerce (Kadin) is whitelisting our bridging token, $PXC, as one of only 380 legal cryptos in a country of 270 million crypto-hungry users.
If you have a country backing you at launch, we have a great chance at longevity (to say the least)…
Let’s tie all this together as regards potential and opportunity: PXC is the gateway token between ProjectX’s internal economy and the mainstream economy. To make this a reality, we will launch our DEX by Q1 2024 to start to onboard users while demonstrating the viability of both PXC and PXR to Indonesian business, South East Asia and the broader crypto and mainstream financial community.
So you asked what is next? DEX is NEXT.
What are your token utilities? What are the differences between $PXC & $PRX?
As discussed, PXC is the bridging token between PRX and the PRX economy and the mainstream economy. This gives PXC unparalleled utility as regards being the only token that offers a gateway between these two economies.
This is achieved through our DEX
What is important to note
Is that our DEX from Day 1 will include a practical example of stabilizing our DEX by holding a substantial amount of PRX that will be issued to our DEX.
This early loaning of PRX to our DEX, which ensures PRX is liquid, is not only the basis for our talks with Indonesian business and Kadin as early adopters of our currency, economy and technology, but ensures increased utility and hence stability for PXC as the only currency that can unlock this value into the mainstream economy.
So that is the difference between PXC and PRX, but what sets them apart from all other crypto and digital assets is unparalleled utility.
What technology do you use to integrate into Project X to enhance users’ experience?
I’ll answer that by describing our initial technology as relates to our DEX, as that is what most investors, stakeholders and the community want to know: “How, when and why will my investment make sense in terms of your initial MVP?”
Our DEX will initially be built on the Ethereum chain to easily and seamlessly support smart contracts. Building on a layer-one protocol, meaning that our DEX is built directly on the blockchain, will allow us to get our DEX and hence token, also an Ethereum token, launched as quickly as possible. (As discussed by Q1 2024.) But, excitingly…
We do have plans to launch our own chain, our own wallet etc by Q 3 2024 . However, a development strategy that makes sense and actually delivers needs to consider how to get from “A to B” fast and efficiently, hence building on Ethereum as the next step in our roadmap is the most efficient and expedient choice.
By doing so, we will launch our DEX by Q1 2024, slightly ahead of our roadmap, in fact, as we believe in under-promising and over-delivering to our investors, stakeholders and community.
Free asking from the community
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Our community (feel free to join) is specifically set up for this purpose. Go check it out and see what I mean about how responsive we are to community feedback.
Partnership is always an important factor for every project. So who is your partner PXC ? What are the benefits you get from those relationships?
Agreed. As discussed in the chat, we are partnered with Indonesia’s Chamber of Industry and Commerce (Kadin) is whitelisting our bridging token, $PXC, as one of only 380 legal crypts in a country of 270 million crypto-hungry users. See our litepaper for more https://projectxcoin.com/wp-content/uploads/2023/11/ProjectX_Litepaper_V15.pdf
Where i can get all the latest news about? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there are a lot of fake telegram/twitter groups?
We do indeed. Join our communities here and we can answer all your questions:
✅ Telegram: t.me/PRX_Group
✅ Telegram Ann: t.me/PRX_Channel
✅ Twitter: https://twitter.com/TeamProjectXC
✅ Medium: https://medium.com/@ProjectXCoin
✅ Email: Admin@projectxcoin.com
✅ Whitelisting: Tony@projectxcoin.com
AMA WINNER LIST
Thank you to all of our beloved members who attended the AMA today. Congratulations to the members named below for their special interest in BSClaunch and Project X. You are the lucky ones to share our $300 worth of $PXC, for those who have won, please send a private message to @Chloe_BSClaunch (Telegram username) on telegram to claim your prize. Reward in tokens so winners will receive after TGE
- Please note:
- To avoid the use of fake nicks, the winning members are requested to contact us within 24 hours to receive their rewards.
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