We are pleased to announce our next AMA on October 28th 2021 at 05:00 PM UTC Time: Satoshi Club x Kyrrex
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kyrrex Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Kyrrex Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Kyrrex
For more details:
Kyrrex Website – kyrrex.com
Kyrrex Telegram – @kyrrex_official_en
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I read on your telegram page that by the end of November the mobile app for Kyrrex will be released. And It will completely duplicate the desktop version of Kyrrex, and at the same time will be simple and convenient to use. Duplication of the desktop version to the mobile version, does this entails that if the mobile app is released, users that have been using the desktop versionwill no longer be able to use Kyrrex on desktop? How will you ensure that this duplication process is carried out in such a way that users data will not be lost? Will the app contain the OTC market as well?
Hello Kyrrex team. I read on your website that securing our funds is your main priority. You mentioned that you have developed several levels of protection using the most reliable and effective security technologies. We agree that the safety of funds is a priority. What are those levels of protection that you have developed? What does each level consist of? What security technology does Kyrrex use? Thank you very much!
At Kyrrex, your top priority is securing your funds. They have developed various levels of protection using the most reliable and effective security technologies. Could you mention which is the most reliable technology that allows users to entrust their investment to this application? According to its easy at the protocol level and characteristics, do they facilitate the integration of new users? What percentage or margin of safety in our data or information and investment, can this application provide us?
You can fund your Kyrrex account by depositing crypto assets from your external wallet or a third-party exchange. Could you mention which wallets Kyrrex works with? Does the wallet you work with offer support for other blockchains?
Enjoy discounted trade commissions and other benefits with Kyrrex’s native KRRX token. Do you mention discounted trade commissions and other benefits, could you tell us what the discounts and benefits would be? How many KRRX tokens must we have to be able to interact within the platform? Do we also have to stake our tokens to participate in the network? How much is the minimum number of tokens that we must have participation? Will the rewards we receive increase as our interactions increase?
The KRRX token is the Kyrrex ecosystem’s own utility token. Something very important that caught my attention is that this token also provides exclusive benefits for all KRRX holders. In addition to being used to interact with the different services and functions within the Kyrrex ecosystem, what other use cases does the KRRX token have? What are those exclusive benefits that all KRRX holders will receive? Where can we buy this token?
I’ve found out that Kyrrex has an upcoming product called “Kyrrex Tokenization Platform”. There is only limited information about this product on the website. It says that the Kyrrex Tokenization Platform is “a service that allows institutional clients to tokenize any viable asset”. Can you go into the specifics of this product? What is this product intended for and how can they help and benefit institutional clients? Also, when do you plan to implement this product? Do you have a tentative date of its release?
I’ve learnt that Kyrrex’s native token, the $KRRX or the Kyrrex Coin, is deployed under the Tron blockchain and uses the TRC-20 protocol standard. Most centralized crypto exchange platforms have came up with their own native networks to issue their platform’s token like the $BNB of Binance in the Binance Smart Chain, the $OKB of Okex’s in the OKExChain, the $KCS of Kucoin in the KCC and so on and so forth. All of them have their own respective blockchain and networks where their token resides. Will this be also the case for Kyrrex in the future? Will you be developing your own chain where the $KRRX will be the native token?
I was surprise to know that Kyrrex was company founded way back in 2016. Started as a global investing, payment and financial ecosystem, now Kyrrex is offering products and services that connects banking and crypto. Can you share us more details about the company’s background, most especially during its early years. What drove the company to expand and venture crypto into its books? Was the integration with cryptocurrencies the initial plan and concept of Kyrrex? When did you start offering crypto-related products?
Kyrrex (on how to use kyrrx Token) it freezed me out to learnt that the more you stake krrx token the lower Commissions you get. Please could explain to us why this very structured feature with krrx token? Does it mean that staking of krrx Token is not encouraged under your ecosystem? I equally learned there is an earn program service for users, investors, and companies for safe cryptocurrency storage and dividend payout, could equally educate us more on this?
With a 5 year background (founded in 2016) as a global investing, payment and financial ecosystem, Kyrrex is aiming to bridge the gap between banking and crypto through the provision of a comprehensive set of products and services, aimed at everyone, everywhere. However, there’s not much info about Kyrrex outside of your website or community. There’re only 17 reviews regarding Kyrrex on Trustpilot that makes think that you’re still at the stage of building a strong community. Please talk about these 5 years since the foundation. What obstacles have you overpassed so far? What made you special by the end of days? Thank you!
Kyrrex states that their software solution allows customers to ensure complete overlap of transactions for any crypto asset, performs matching and balancing between accounts of all clients. In this sense please describe the main features and goals of Liquidity HUB? Is it created for business or individual account? Is it provided on top of your main services or should be bought additionally? Thank you!
You mentioned that not only will Kyrrex compete with the biggest exchanges around, it is bringing in features to the crypto space that other platforms can only dream of. That is very interesting. What are those features that you mention? What are those features that we can only find in Kyrrex? What will Kyrrex do differently?
On your website you mention three products that are likely to be launched soon: Banking, Tokenization platform and Crypto payments, could you give us a sneak peak of what these products will be and when do you expect to finish them?
I am intrigued by the type of technology that Kyrrex uses as they claim to have an ultra-fast core productivity over 1.5 million transactions in a second, and that’s a lot! Could you give us some technical specifications about the technology to use to achieve this speed and how secure it is? What advantage does this give you compared to your competitors?
According to what I read, if we want to purchase the KRRX token within Kyrrex, it is a requirement to do KYC. Why is it a requirement? How much is the minimum amount of Kyrrex token that we can purchase? Will we be able to buy only using USDT? Approximately how long does it take for our KYC to be evaluated and approved?
I heard that you reduced the threshold for buying a KRRX token 500 to 200 coins per investor due to numerous users on the Kyrrex presale which was held on yesterday. Do you have any thing to share with us regarding the presale? Could you reach the Hardcap? How much was the token allocation in Your presale? Will you do marketing for Kyrrex platform with funds collecting from Presale? And tell us, When will you conduct Kyrrex Public sale?
It noticed me about a license that you got from Estonian financial Intelligent Unit. Firstly, I want to know about Estonian Financial Intelligent Unit?
What is this license stands for? Will it directly refect Kyrrex platform’s reputation in a better path? Will you be able to build a good image throughout the DeFi space by using this license? Please tell us, Do you hope to obtain more license to increase Kyrrex reputation through the reliable collaboration like Estonian Financial Intelligent Unit?
As a Trader Myself, I pay high fees on every trade that I make on Other Exchanges such as Binance, Bittrex, Bitmart etc.. For this high trading fees, You have given a solution as a trading fee discount Which traders can save up to 50% of tradinge fees by holding $KRRX tokens. Please give us a in detailed description about the trading fee discount? How many amount of $KRRX tokens Should traders hold in their wallets in order to eligible for the Trading fee discount feature?
Kyrrex has a special Telegram bot that can perform a load of financial functions such as sending/depositing crypto, storing crypto, staking crypto as well as perform exchange and trading functions. This bot appears to be very powerful. I already started the bot and it created an account for me with a unique account ID. But I would like to know more about this bot. Can the account created on this bot be linked with account opened from Kyrrex website? Since you are a regulated crypto platform, will users also required to complete KYC to access the full function of this bot? Also, how will user use the bot to check for AML compliance? And since the bot can be used for depositing, storing and staking crypto, how are private keys of the assets kept in this bot protected and how secure can this bot be?
You plan to incorporate banking services by next year and I have seen that you plan to partner with online banking services such as SWIFT, SEPA, VISA/MASTERCARD. Can you explain how you plan to deploy banking services for more than the 177 countries you plan to support, generate unique IBAN account number and as well as enable fiat-to-crypto and crypto-to-fiat transaction to users across these regions? How will financial institutions be able to leverage on your banking services to create payment solutions as well as other financial services to financial clients?
Looking at the existence of many other exchange platforms,what are the features that make Kyrrex unique and ready to thrive in the competitive exchange markets.
You plan to introduce a crypto merchant platform for connecting the world of e-commerce. Can you outline how merchants can register for this service and the features they will be able to enjoy? How will they incorporate their e-commerce payment system with your platform so that they will be able to receive direct payments from customers across their globe? What fees will your platform charge customers as well as merchants for using this services?
To my greatest surprise, Kyrrex have been in existence for 5 years and without much online presence yet. What will be your strategies to push this project to a very good level of great online presence
I read that you will introduce Kyrexx Multi-Account Management (MAM) service which will allow traders and investors to safely interact with each other. What does Kyrexx MAM mean and how will users, traders and investors interact on this platform? And since you said this can further guarantee the safety of investors fund and profit payment for professional traders, is this platform designed as a social trading platform where other other users will delegate their trade or copy trading from professional traders? If this is the case, how will traders identify professionals traders in Kyrexx MAM? How are trading fund handled and how are profit payment for these professionals traders determined?
Not every exchange launch a native token but I found out that you have launched your own native token and you have released it as a TRC-20 token standard on the Tron blockchain. I will like to know why you decide to issue a native token and why you prefer to launch this token on Tron blockchain? What ecosystem benefit will $KRXX token grants to early adopters, holders and stakers? Are there plans to create a DeFi arm where holders of $KRXX will be able to enjoy some DeFi functions? I also found that you plan to burn part of your token on quarterly basis. When will token burn take place and at what rate will this quarterly burn take place?
For the referral program, do you think more than 50% commission on referrals is sustainable? Can you shed more light on the referral program and sustainability ?
As the Kyrrex exchange grows, so will its products and service offerings. As an addition to its viable ecosystem, Kyrrex plans to effectively introduce a Tokenization Platform, and a Merchant Platform to its list of existing premium services and products. As these services gradually rollout in the months ahead, can you carefully explain how they would be of immense benefit to users and to Kyrrex as a regulated exchange? Also, what are the possible timelines to the full launch of these services? Finally, what sort of assets would Kyrrex most possibly allow institutions and clients trade as well as tokenize?
As part of its extensive trading and transactionary tools, Kyrrex is said to offer an Ultra-fast core, great API and a plethora of Advanced Trading Instruments. Been that these tools as mentioned are certainly a requirement with most exchanges both CEX and DEX, can you let us know how these tools as offered by Kyrrex sets it apart from other exchanges, also what are some of the notable API protocols that Kyrrex supports? Also, how does your advanced trading tools and indicators work best for traders, and how will you improve on current products, while ensuring security of all exchange related activities?
I am interested in your liquidity hub product. Is it a solution for individuals, for companies or both? Is it available in every country? How readily available is technical support?
In one of your article, i noticed that The Presale period of Kyrrex native ecosystem token $KRRX is ongoing, my question is what will be the minimum and maximum amount of $KRRX coins that an investor can purchase? What are the accepted cryptocurrency that can be used to purchase $KRRX? What are the benefits of buying and holding $KRRX coins? What will be the medium of purchase, will it be through your platform? Thanks
In Kyrrex users can upgrade their account type for extra advantage and tools.So what are these added advantage and tools users will receive when they upgrade their account?And aside that,there are two premium plans beside the free plan you provide for users which are “Advanced Package” and “Advanced Plus Package”,so how will this packages help users trading on your platform?Any premium plan comes with a fee,so how affordable are the prices of both premium plans?And why are these premium plans important for traders to use? Thanks
There are just 3 simple things I would like to asked about Kyrrex.Your roadmap,your partners and manual to your project.My question is,How will users get to know the stage of your project and what you have achieve so far without a roadmap?Users are sometimes attracted to a project with the strong partners a project have which also build their trust in the project,so who are Kyrrex Partners?Do you have any,if yes why are they anonymous to the community?Before users invest in a project,it is best if they first DYOR to understand a project better.When will your whitepaper/document be ready for a better understanding of your project?Kindly share with us what your teams are currently working on Thanks
You offer your users discounts on trading commission, referral program and deposit program. I became interested in the Deposit program. What is its essence, what are the rules and what rewards or discounts can I get by participating in this program?
Kyrrex makes use of their novel mechanism, Ultra-fast core, that processes over 1,5 million transactions in a second. Aside from how fast it is, I’d like to know what are your sources, do you have multiple ones? Also, do you have a lockup period? Is it customizable? On average, how fast can we make a full trade, and how fast can we be rewarded by it?
Some of the benefits of Kyrrex native token which is the $KRRX tokens are Trading fee discounts which you can save up to 50% on trading fees and you also have Referral Program and Savings program. So,while giving 50% discount on trading fees,is this fair enough to your platform and how would you gain more revenue if 50% of your trading fees is given as discount? What leads you to give a higher discount on trading fees? Can you explain the mechanism of your referral program? What are the rewards for the referrer and the one being referred in Kyrrex? How much is the highest percentage rate of your Savings program? What is the longest duration of your savings Program? Does your saving Program is same as holding of tokens in your platform? What advantages of saving Program? Thank you
I read that you charge a fixed flat spot trading fee depending on your 30-days trading volume. Please elaborate, how does this work? how can we benefit from it? If we have a high trading volume, can we bring our fees to zero? What is the baseline fee for new users with no trading experience/volume?
If I understand correctly, the KRRX token Presale started on October 25th? Where does it take place and who can take part in it? When will the sale be considered completed and closed, is there a specific time frame or when will the amount of tokens allocated for the sale be sold?
I know that Kyrrex in Telegram has its own krrx-bot bot For what purposes it was created, what functions does it have and how can we use it?
Users can earn 50% of commissions by Kyrrex referral program. What are the prerequisites for Participating in Kyrrex referral program? Will you give the user’s commission immediately after the referees start earnings? Most of referral programs are based on tier system in other projects. Is Kyrrex referral program also like that?
Kyrrex project will launch a banking system in fourth quarter of 2022 & I couldn’t find more details on that. Can you give a particular description about this banking system? Will this banking system be controlled by Kyrrex team, So will it be a Centralized finance system? How about the APRs of the features in Kyrrex Banking system?
One of the products of Kyrrex project is liquidity hub to provide a constant liquidity supply for private & institutional clients. On what criterias will this liquidity hub be relied? How will it be profitable & effective feature for the Kyrrex community? However, your liquidity hub should have enough liquidity to fulfil the order book. So which exchanges do you connect your liquidity hub to provide a constant liquidity without shortage?
One advantage of Kyrrex is that holding KRRX tokens entitles you to trade fee reductions of up to 50%. So, could you please tell us if there is a minimum amount of holding we must have in order to enjoy these benefits? And, aside from trading fee reductions, what other benefits do KRRX holders have?
What tools does Kyrrex offer? How can we participate in the exclusive savings program? Can you give us more details about this function? Has any application and for how many systems does it work, we can find it in systems like IOS, can your wallet connect to a PC? How secure is your system and how many levels of protection do you use to take care of your funds, in the event of a cyber attack or system failure, what is the response capacity in case of an emergency? can you explain these question points to us
You can trust the Kyrrex company, as a reliable partner in cryptocurrency matters. Do you have a legal financial services license, if so, where was your license provided and where can we see your document that is valid for your license? you can give us more details.