118 thoughts on “AMA Satoshi Club x ProtocolX, August 8th”
With my brief interaction with your project i realized you’re a DeFi ecosystem built on the binance smart chain.
With staking capabiltities
So is your project just alone or other up coming DeFi projects can also utilize your platform ?
On your discord server i noticed you’re planning to lauch your token on the 10th of August, how can be get a whitelist for coin and or purchase it for hodling ?
Do you have any plans to expand your community and presence by recruiting ambassadors or marketers ?
Any other opportunities for us as crypto enthusiasts to benefit in your discord server ?
Thank you
I learnt that ProtocolX is here to change the game by implementing an ever-developing, expanding, and growing ecosystem that all
Feeds into each other.
And some of the Features you’re offering includes XSWAP, XShare, ProtocolX Buy Back (PxBB), Automatic Liquidity Router, and much more. I would be glad enough if you could help in Giving us Elaborative information to these Features you have in place in your platform. What could be their utilities and use cases in your ecosystem? Giving the fact that these projects seems new to Most of us, i would like to know how your platform is designed to Create real Benefits for its users out here? Please kindly state the mission behind your Project. Thanks!
I learnt that ProtocolX
Is a Revolutionary rebase protocol that is designed to provide a true financial incentive for those who engage in DeFi. And to be honest, after going through your white paper, i was Quite impressed by the Kinds of Services your platform aims to offer its users globally. But giving the fact that your platform is Quite new to Most of us out here, and you obviously haven’t created A website for it.. i would like to know more about the Legitimacy of your project. Is your platform Audited yet? What are your plans in making sure that Protocol X leaves up to its Expectations for a very Long period of time? Please tell us how Users can get involved with your Project. ? Thanks
As I heard about your ongoing project in the decentralized metaverse earlier, what are the DAPPs which will be used by the user for easier access of it, also which programming language is being used with the gameplay within your first metaverse.
In the market cap also I wish to know the trade in volume per hour of the protocol X price market.
I’m aware that you are launching your token soon also, what are the basic requirements attached to it.
ProtocolX I read is here to change the game by implementing an ever-developing, expanding and growing ecosystem that all feeds into each other. Could you please elaborate what ecosystem ProtocolX intends to advance and how does ProtocolX intends to achieve this objective ? And as ProtocolX will begin as a rebase Protocol before expanding to a revenue share NFT Protocol that connects all elements of the ecosystem, what’s benefits are in stock in the ProtocolX for it’s Community as at now, and when in the ProtocolX roadmap will it be expanding to a revenue share NFT Protocol that connects all elements of the ecosystem ? Lastly, how many elements of the ecosystem are in ProtocolX and what features have they and what difference exist in them ? Thanks
Looking at your tokenomics, you stated that ProtocolX will begin with a 50,000,000 (50 million) initial token supply. In addition to this, you mentioned that PTX will have a variable supply, meaning it will continue to increase with the rebase token model(there is no max supply built in at launch). In this regard, elaborate on the rebase token model. How does the rebase token model work? Since PTX doesn’t have a fixed supply, what mechanisms are you employing to fight potential inflation of the tokens? Will there be seasonal burns of PTX? On what utilities is the token based?
I noted that ProtocolX aspires to develop a large-scale ecosystem that is the future of decentralized finance. And it will be having a dual token system, the $XSWAP and the $PTX. But I am more interested in the $PTX which will be launching on BSC. Can you give us more information of the $PTX token? Has it been listed on any exchange? Can you kindly show us the tokenomics of the $PTX? In your roadmap, you mentioned that there will be a $PTX burn. What burning mechanism do you plan to employ? What percentage of the total supply of the $PTX will you burn? And lastly the $PTX will be a rebase token that auto-compounds at a rate of 1.77% daily which reduces over time. Can you tell us why you intend to reduce the daily rate of compounding? How long will the 1.77% rate last before it starts to reduce?
I understand that XShare holders will be given governance powers and will be engaged via a voting system for various aspects of this protocol and the future developments. There are three XShare, the Dungeon Door, the castle Door and the Egyptian Door. The Castle Doors and the Egyptian Doors are can be upgraded with KEYs, can you tell us about this upgrade? How many keys are needed for the upgrade? What are the benefits of upgrading these Doors? How can we buy these XShare and be a part of the governing body? What amount of these XShare do we need to have to enable us have governance powers? How are decisions/proposals made in your ecosystem? Can you briefly tell us about your voting mechanisms?
Apart from the PTX tokens, I read that ProtocolX will be launching another token (XSWAP) token which will be the native token of the protocolX Decentralized Exchange(XSWAP) and will utilize farming staking to distribute the supply. Kindly give details on your DEX, what functions will this DEX serve? As compared to popular DEXs like pancake swap, what features will be implemented on the protocolX swap to make it a better alternative for users? You stated that the $XSWAP token will utilize farming/staking to distribute it’s supply, please elaborate on this statement, what does it entail. On what utilities have you built the $XSWAP tokens as compared to the $PTX tokens? When is the proposed time for the Launch of ProtocolX DEX or is it already launched?
I had gone through the protocolX whitepaper and sincerely the general idea and the platform’s build is something I really admire. My strong believe is that every project that comes into inception is aimed at solving some already identified problems in the large Crypto Sphere. In this regard, can you clearly highlight some problems that the protocolX team identified in the crypto sphere? What strategies will protocolX use to solve these problems? What new features (innovation) can the protocolX platform boast of as compared to many other similar projects? How do you aim to make protocolX a credible project that will stand the test of time and remain afloat in the ocean of major DeFi flagships? What are your user retention strategies? Lastly, what do I need to get started on the protocolX platform?
PTX is an Auto-Compounding rebase token that compound at an initial rate of 1.77% every 30 minutes. However, you said that you have incorporated a Sustainable Emission Model (SEM) that is similar to halving, but in case of PTX, this will be done by reducing the compounding reward by 10% every month. Will the compounding of interest to users wallet always begin at the initial 1.77% for everyone whenever they buy PTX or will users have to buy PTX as soon as it launches in order to enjoy the initial rate of 1.77%? Also, why is the Auto-Compounding rate flexible rather than being fixed? And if you continue to reduce interest by 10% every month, won’t there be a time when Auto-Compounding reward rate will become ZERO or is there a point when interest rate percentage reduction is expected to stop?
ProtocolX haa a path to legitimate sustainability as a priority.
Your project have plans to vuy backs and burns
It sounds really unique
How do you plan to achieve that ?
Where and how to have plan to get your outside revenue sources ?
According to your roadmap, two features that caught my attention which you plan to release before the end of this Q3 2020 are staking/farming platform and XSWAP lottery system. Can you explain more about this staking platform, its requirements, lock duration, incentives/rewards and how users will join? Since PTX has an auto-staking model already in its design, will the staking and farming only apply to XSWAP or will it be possible to farm all your platform tokens including tokens from other projects from it? Also, can you talk briefly about your lottery system and at what interval lottery will take place? How do user participate or wager in lotteries and what will the lottery be based on? How will winners be selected and what are the incentives that can be earned from lottery?
I saw that your presale will be a 5 days event which will start on 10th of Aug and end on 15th, but I am yet to see the platform on which presale will be held. How many platforms will be used to conduct your presale and how many tokens are you selling during the presale duration before you will be able to reach your soft or hard cap target? Is it necessary to have a whitelisted address to join this presale? If this is so, how many whitelist users will you have and how can one get whitelisted? Out of your three tokens, which of them will be available for purchase between Aug 10 – Aug 15 and at what price will this token be sold?
What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
Thank you so much for answering my question.
Please can you describe your partnership with EGO Finance,a laaS protocol on the BSC network that provides investors with a sustainable path to financial freedom?. Can you explain the extent of your relationship with the EGO Finance? What benefits have or will this partnership afford you and how have they assisted your path to financial freedom and risk management? Can you also talk about other partnerships you have apart from the EGO FINANCE and how value they have bring to protocolX’s table?
I learnt protocolX is built on BSC network. I would like to know why you and your team choose to rely on the BSC network? Yes it is a fact that this network is one of the best, most successful and most efficient network but have you considered expanding to others just as efficient and more successful as the BSC network such as POLYGON, SOLANA CYCLOS or even MOONBEAM networks? That been said I will also like to know at what stage you are in achieving your goals? What current result in the development of protocolX are you striving to achieve?
I read on your roadmap something very interesting you have plan for Q4 of introducing gamification system to promote the PTX/XSWAP token. Could you give us more details about this future plan. What kind of gamification system do you aim to introduce into the platform to promote the PTX/XSWAP token? Please give us more details about how you plan it to be and how will users be able to engage on them? What benefits will this new feature bring to your users?
ProtocolX plans to introduce a “Gamification System” in its platform in other to sustain the growth of your tokens When we hear the word Gamification,what usually comes to mind is NFT games.So can you explain to us the kind of gaming system you will establish that is unique and can’t be seen else where or what barrier to entry will this system possibly eliminate?Will NFTs be introduced in such games or you will create an entirely different game that doesn’t require NFTs,my reason for asking is because in your Discord I notice you have Poker Tournaments.Will Poker game be the only game you have in your platform or you will introduce more games?In what various ways will introducing this gaming system be able to sustain/support $PTX and $XSWAP tokens?When this is finally established can you tell us the different methods users can possibly earn passive income? Thanks
I read your whitepaper, you plan to develop ProtocolX Blockchain from Q4 2022. Why do you decide to develop your blockchain ? at this time, there are a lot of blockchains exist, what feature does this blockchain have that make it can compete other current blockchains ?
About ProtocolX treasury, the protocolx treasury will be invested in various Defi protocols with varying level of risks, Can you elaborate on these levels of risk? or is this model 70/20/10 model like other protocols ?
As I am searching for your official links, I noticed that you haven’t publish any website link yet. When do you plan to launch it? What will be the most awaiting features we can see in your website? Also, as the $PTX presale is fast approaching, where will you conduct the presale event? What are the pre-requisites in participating the token presale? Can you give us more details of the presale event? Thank you.
ProtocolX offers a sustainable 1.77% daily APR with a monthly halvening of 10% and liquidity management system to avoid dumps.So can you tell us the accuracy and transparency of building a sustainable liquidity in the DeFi space that most protocol tend to ignore?To protect users from impermanent loss/dumps in your platform,how can users get a true APR?And since you will offer users liquidity management system,what is the first step you will provide to help user manage liquidity risk? And are there tools you will provide also to ensure that even when the market is volatile ProtocolX users can still make some profits? Please explain Thanks
Your presale has been scheduled for the 10th of August. Since there are less than 3 days, please elaborate more on the requirements and the rules of the sale. I could not find any information about a Whitelist process. Can anyone purchase tokens from the sale without any preparation? What are the minimum and maximum investment amounts? It seems ProtocolX community is yet to be expanded. For example, there are less than 100 members in your Telegram group. When the project is not popular enough, do you think that the presale will be a success? To attract users, do you offer any discounts/privileges to early investors?
I am curious to know more about your “sustainable emission model”. According to this model, APR will be gradually reduced until 0.5%. Although this emission design allows the token to grow without the worry about emissions catching up, I wonder whether there are direct benefits for the users. When APR is decreasing gradually, why should we choose ProtocolX to invest? After the APR has reduced to 0.5%, is it fixed or will be increased in the future? What are the extra advantages of your emission design? How do you ensure that the benefits of your sustainable emission model overweigh the drawbacks of it? Are you the first platform to introduce this kind of model?
Describing about the future of the project, you have highlighted that ProtocolX has outside revenue sources. Can you briefly explain about these sources? How do you get revenues from external platforms? Have you made any investments? How do you believe on the longevity of these sources? Do these sources include your partnerships? If yes, please briefly explain about the current and future collaborations of ProtocolX. In addition to the income to ProtocolX platform, do these partnerships offer any privileges to the users? For example, if I join the ProtocolX community as a community members of one of your partners, do I get priority/special benefits on ProtocolX?
As I am browsing ProtocolX whitepaper, XShare and XKeys piqued my interest. Can you shed more details onto these features? How are they connected with one another? Who are eligible for XShare and XKeys, and what are the expected benefits in becoming a part of it? What are the limitations? How will the eligible users receive the benefits, do one need to connect a wallet from a certain website? When do you intend to release these program to the public?
It is true that Liquidity Pairs plays an important role in maintaining the fundamental aspects of the token and controlling price movement. As the $PTX token presale is nearly coming, it is expected that presale participants wants to make good profit from it. So how will you handle/manage Liquidity Pool after the presale? How can you ensure that it won’t be just a pump and dump token? What mechanism you have designed to the contract to stabilize or to get a positive price of $PTX token during trading periods?
According to your whitepaper, Tokenomics designed to support the protocol over a prolonged period of time,
thriving in both bear and bull markets alike. I’m curious to know the strategy set aside to ensure successes during bear market
ProtocolX recently announced its partnership with Sharity firm.Sharity firm is known to be a DeFi protocol that seeks to revolutionize the charity space.So can you tell us how ProtocolX will utilize the charity organizations that Sharity offers?Will you establish a charity wallet whereby users can make donations to the charity organizations of their choice?When will this goal be realized since it isn’t stated on your roadmap.What kind of charity organizations will ProtocolX intend to support and which of your tokens will be used for that is it $PTX or XSWAP token?Please tell us more about this partnership.Thanks
Your paper says “Once you buy the token, it will begin to automatically rebase in your wallet. No work to do to make the magic happen!” Please what’s the assurance that this will work perfectly? Can anything possibly delay the rebases?
You said XShare holders will be given governance powers and will be engaged via a voting system for various aspects of this protocol and the future developments.
I’m a bit lost here, could you throw more light on this please?
What strategy does protocolX have to tackle the insecurity challenge which is common in the crytocurrency market,what assurance are you giving your investors that their data will be safe?Have you completed your audit? If so, which company are you working with? Please I need your answers . Thanks
According to the Q4 roadmap, you have planned introducing gamification systems to promote the PTX/XSWAP token. Basically, gamification is used to increase the involvement of participants in the process. Can you tell us what game methods you plan to adapt to promote the PTX/XSWAP token? What’s in store for the ProtocolX community in connection with the introduction of gamification, and will gameplay be used in other ways besides promote the PTX/XSWAP token?
Can you elaborate more on your dual token mode? I saw you will be introducing a reward token called $xPTX in addition to the platform token, $PTX. Do we receive all reward types such as staking rewards and liquidity rewards with $xPTX? What are the utilities of $xPTX? Please explain the benefits of holding $xPTX for longer time periods. Can we exchange $xPTX to $PTX or a stable coin like USDT or BUSD? What are the factors that determine the value of $xPTX? Is 1 $xPTX equal to 1 $PTX? Generally, projects create a separate reward token to ensure the value of the platform token. In addition to this common purpose, are there any intentions of introducing $xPTX?
ProtocolX team hopes to utilize platform fees to conduct buybacks, burns and other evenue streamlining methods for the advancement of the protocol. Please briefly explain about your fee structure. What is the percentage of fees that will be allocated for each task? In order to utilize for aforesaid purposes, you might be charging a considerable fee. Correct me if I am wrong. Let us know whether your fee structure is fixed. After completing the developmental work on ProtocolX platform, will the fees be reduced? Do you offer any discounts on fees for holders with a higher amount of $PTX?
My questions are :
1. Having 63,632% APY its really a big deal and with all your plans in place for self sustainability of the project what do you have to coup with the existing projects (what are your competition advantages)?
2. How do you plan to ensure your road map aims for Q3 and Q4 of this year and in the future??
3. What are your motivations for bringing NFT’s into your project and what are the unique features of (Dungeon door, Castle door and Egypt door NFTs)???
Thank you.
Please elaborate more on your “XShare” option. I read that it is our direct share to the company’s revenue stream as a whole. However, it is not clear how to earn a protocol NFT Chest (XShare). Is this option currently available or will be introduced in the future? If it is available, please briefly explain the steps of receiving a XShare. Moreover, please let us know about the benefits of having a XShare. Is this a unique feature introduced by ProtocolX? Did you research on similar features available on other platforms before creating this option? If yes, did you notice any drawbacks of existing features? How does XShare differ from similar options?
ProtocolX recently announced a partnership with Sharity Token – is a DeFi protocol that seeks to revolutionize the charity space. Will it be a mutually beneficial union? As far as I understand, Sharity Token can ensure the development of ProtocolX in the field of charity? In turn, what can ProtocolX offer Sharity Token to provide mutual support in this cooperation? What goals are you planning to achieve?
Studying the information on your Discord server, I found out that the Presale will begin on August 10 at 17:00 UTC and will be held on your site according to your words. But I haven’t been able to find the site. According to the roadmap, Develop and Launch website interface are scheduled for Q3. So, at what stage in the development and launch of the site is the ProtocolX team? Will all the functions of the site work fully, will be checked and protected in a timely manner, which is no less important, by the beginning of the Presale?
From what I read from your White paper,it stated that artists will have a chance to sell their ARTs in the PX NFT or in PX LAUNCHER if they apply for the INO.Please can you explain more on your INO? How can one apply?Are there criterias/requirements for application?How long does it take, before an application is approved?What are some of the benefits of being an artist in your platform? thanks
It caught my attention to know that PROTOCOL X features a separate token known as the” XSWAP”.Can you expaciate on some of the features of the XSWAP?What are some of the utilities of XSWAP?What is the total token suply of the XSWAP? Will $XSWAP be the native token of your in house Decentralized Exchange?Will staking options be included to the distribute the supply of the XSWAP token? And lastly who can hold the $XSWAP token?kindly explain.Thanks
Hello, the ProtocolX team.
In a couple of days, you are planning to presale the native protocol token. Since it is planned to sell exclusively for BNB, it means that you initially deploy your protocol on the BSC network. Are you planning to add other networks in the future? Which network will be the second to add? In the fourth quarter, according to the roadmap, you plan to develop your own blockchain. Will it be an L1 or L2 blockchain solution based on an already existing network?
Hello, the ProtocolX team.
You have a fairly young project, but you already have partnerships with three quite interesting projects. With such as Sharity Token, EGO and MDB. Please tell us what advantages such partnerships provide? Maybe you are planning new partners with famous names, can you tell us about it?
Hello, the ProtocolX team.
Judging by the description of the project, you are well versed in the DeFi segment. But at the same time, you set the ultimate goal of an inflationary component in a year as 5% per day. I do not know of any working protocol that, having such an inflationary component, could maintain the price of the token at least at some level. Accordingly, its value will constantly decrease. Why didn’t you take this point into account when building tokenomics, although you understand it perfectly and didn’t make a lower inflation model? After all, for any investor, the value of the asset in which he invests is paramount, and not just the build-up of tokens that will constantly lose in price?
Good day protocolx team .well I have made some research and I finds so many good contents about protocolx but I couldn’t find any details about your tokenomics which is very essential to me.so can you please out of your time share us some details on that how do your tokenomics look like,what are the amount of tokens which are going to be minted?where will they be minted and how do you intend to manage and control the supply of $PTX tokens in order to increase liquidity.
Hello team ProtocolX. How do I qualify for the pre-sale event? What is the Max amount of initial token supply at first lunch? will PTX have a variable supply?
Will we be provided with automatic routing contract of the buy tax and sales tax after pre sales
Good day protocolx teams am happy that you are having this ama with Satoshi club.please I have a very simple question which is base on security.as we all know,no platform is 100% secured this days almost everyday we here of hacks here and there which couses the breakdown and sometimes a crash to some project so can you please out of your time tell us about the security aspect of protocolx.what have you put in place to ensure a good and accurate security for this project in order to protect it from theft thank you.
I saw this question from your server and I will like if you can through more light on it.
What specifically will the ProtocolX blockchain aim to achieve long term? I.e. does it have any specific nuances compared to other blockchain?
We do know that strategic Partnerships and collaboration promotes Growth, sustainability and even credibility of Projects and as seen, this is evident even with ProtocolX. Can you tell us more about your partners and backers that support ProtocolX? What are the positive impacts and benefits of your Partners and backers on your project and Defi-space so far? What are your top priorities and focus for choosing Partners and backers? Are you currently on the look out for more Partnerships and collaboration?
I understand that ProtocolX aspires to develop a large-scale ecosystem that is the future of decentralized finance. What are the most special and unique features of ProtocolX that makes it standout from other rebase-style protocol? Can you tell us about your specific Short-term and Long-term goals for the rest 2022 and Beyond? What are your marketing strategies to crate awareness, attracting more users and Investors to ProtocolX? What are the benefits and motivations you have for your Long-term investors? Thank You
I read that owning ProtocolX NFT (Xshare) givers holders direct access to being shareholder to the company’s revenue. Can you share more details about the benefits of being a shareholder on ProtocolX ecosystem? Will this benefit include governance powers and voting rights? Also I noticed that XShare has 3 NFT Doors which are the Dungeon Door, Castle Door and Egyptian door which can be upgraded using “keys” Can you tell us more about the features of this NFT door Levels ? What are the features of the Xkeys and how can they be Obtained?
Having gone through your white paper I was particularly interested in the part where Protocol NFT owners becomes shareholders who will be given governance powers and engaged via voting, my question is what is the limit to these shareholders powers in terms of influencing the project and through what means will the voting system be enforced.
From protocolx project road map I understand that you are at your build phase and still going stronger, would you like to share what your greatest challenge has been so far and what milestones you hope to accomplish in the future.
Greetings ProtocolX, We know that ProtocolX is a new project, I would like to know what makes you different from other DEFI protocols that already exist? What is the security system offered by your project? How do you keep user data and assets safe, and the ability to respond to possible cyber attacks? What should an investor or token holder do in case ProtocolX suffers cyberattacks? What is your main marketing plan to attract users to the platform and publicize the native token and your project? How important is the community for your project and how do you encourage or educate the community to get to know and get closer to ProtocolX? And how the community can participate and make decisions and vote on your project, what are the requirements that an investor and holder of PTX tokens must meet? To participate inProtocolX is it necessary to verify KYC to participate and invest in ProtocolX?
Current Problems Which are being faced by Rebase and Auto staking Protocols includes Inflation, lack of innovation and Growth which leads to an eventual Demise. Can you Elaborate on How ProtocolX will combat inflationary aspects on Multiple fronts? Can You also explain on How ProtocolX would innovate and adapt to DeFi trends with Growth Aspects and also simultaneously advance the Ecosystem with multiple and diverse cryptocurrency and real-world innovations?
One of The Feature of ProtocolX is the Xshare NFT where users can earn passively by owning Xshare NFTs. Can you elaborate more on ProtocolX Xshare Model, its Revenue streams and its earning mechanisms? How can users acquire/Mint the Xshare NFT and how they can earn passively using their Xshare NFT? Lastly, what are some other benefits and incentives in which Xshare NFT owners are entitled to?
According to your Tokenomics of ProtocolX will begin with a 50,000,000(50 million) initial token supply with no Total Max Supply for PTX built at launch, can you briefly explain on how ProtocolX would work to ensure and allow the Token to have a positive price action pressure and keep the long-term demand aspects of the protocol Good? I also noted that the PTX token will have a variable supply, which will increase based on the rebase token model, can you explain on your rebase token model and how it works?
I read on your website that owning a ProtocolX NFT makes you a shareholder in the protocol, instantly receiving a revenue share kickback from this business and all business models under the ProtocolX umbrella
Now my question is
If I decide not to continue staking my NFT which I have staked already will I still be eligible for this great rewards?
One major feature of ProtocolX Ecosystem is the XSwap (ProtocolX DEX) which will serve as a Launchpad in addition to project launch support and other services for partnered projects. So how can projects apply/requirements for projects to apply? What are the advantages and pre/post launch supports you avail projects that want to use your launchpad? Also can you elaborate on the external and sustainable revenue sources you will help partnered projects create regardless of market? Lastly how will XKeys (Lottery/Burns) feature work?
I want to know
What are the key features of ProtocolX that sets it apart from other projects and what advantage do you have over similar projects?
How has the team’s experience and background contributed to the project’s success?
It’s great and exciting to see ProtocolX has TREASURY which will be investigated in projects. So how is the fund in this treasury generated? Who decide and how is the decision process reached on projects to invest in? How would the profit generated be utilized and which strategy of risk management and returns is implemented for this Treasury investment? Apart from investment, what else can the funds in this Treasury be used for?
While reading about ProtocolX Ecosystem, I could not find information on some features of interest to me among others which includes: Web3 website, Trading Bot Sustainability Mechanism and Outside Revenue Sources. How will these features work in ProtocolX Ecosystem? How will they empower users to increase utility and unlock values?
I read in your white paper that ProtocolX will be launching on the Binance Smart Chain, now my question is, do you have any plans in the future to expand the ProtocolX to other block chains like the ERC20, avalanche or the Solana networks?
And are we expecting to see your token being listed in the Tier1 exchanges anytime soon?
ProtocolX Presale will take place on 10th of August at 17.00 PM UTC & will last on15th of August at 17.00 PM UTC including with a 20 million of $PTX token Hardcap as a Fair sale. Can you provide more details about upcoming $PTX token presale? Where will be the presale be going to held, Will it be on Your website or on other Launchpad? Will users be able to use stablecoins such as USDT, BUSD to buy $PTX tokens? In here, No need to be whitelisted, No need to follow KYC. So, How much will be the minimum amount & maximum amount of $PTX per user wallet & Is it possible to use multiple wallet options when involving with $PTX presale? I mean Can we use two wallets if we want buy more than your maximum allowed limit?
Through My researchings, I could found that ProtocolX promised to Offer a APY of 63,632% for $PTX Stakings. Actually, it’s a huge APY. So, Can you provide a such APY to the $PTX stakers? Actually I need to know more details about $PTX staking Program. Can you explain further about that? Will the APY be reduced along with the increasing of Satking Pool just other pools? However, higher Yield makes higher risks. How can we gurantee that we are secure with $PTX staking? How about the Locking periods & harvesting epoch in $PTX staking? Some platforms have Locked the funds when the users deposit funds & flee away. I have victimized several times. So, Please explain about your precautions & measurements for user safety in staking program?
ProtocolX seems to be a new born project & you have not collaborated with any kind of Platform based on Crypto & Blockchain industry. So, I want to ask about your future plans on the Partnerships & Collaborations. When will you announce the first partnership? Have you already discussed & negotiated with world class platforms in order to make some good accompaniments? And also, Tell us what kind of Privileges that your partners will be recieved through the partnership? In which manner will both of you accompany your ultimate goals with a comprehensive bond?
What is the feature from XSwap, xShare, PxBB , Automatic Liquidity Router that made you believe ProtocolX differ with other projects and become a new trending in the future ?? What istje reason let you think like that?? Please tell us more about it
Hello team ProtocolX. How do I begin?h ow will the tokens be burned? Can you please explain how ProtocolX will be different than the other rebase-style protocols? And what are the benefits of having a Xshare NFT? How will the the tokens minted? How do you plan to maintain everlasting growth of the entirety of the protocol?
Thank you.
I think it’s right to say that most investors look at the market capitalisation as an important metric before investing in DeFi projects. So, how does ProtocolX intend to entice and attract early investors who do not have access to the tool of market cap?
I read in your whitepaper that owning a ProtocolX NFT (XShare) is your direct share to the company’s revenue stream as a whole which makes you a shareholder in the protocol receiving a revenue share from all all business models under the ProtocolX umbrella amongst other benefits, all of this is good and also seems to be a win-win situation, but I wonder if there are risks that investors should be aware of when deciding to own XShares or invest in the ProtocolX NFT?
Pls what will be the difference between protocol X and other protocol progect
What are the certain measure the team are putting in place so that it be safe for investors to come in and invest
How can the price be sustainable
After reading the whitepaper on the ProtocolX auto-compounding protocol, it was written that the PTX rebase token ($PTX) begins as a 1.77% daily auto-rebasing token which just by simply holding the $PTX token in your wallet, you will receive rebases every 30 minutes that are directly and immediately added to your wallet however there’s no info on how it will work in details, is there a DAO setup to handle the process and how does ProtocolX intend to mitigate and minimise losses which tend to happen to most elastic or rebase tokens?.
How are we assured that the pre-sale is not a rug scheme? When will the pre sale tokens be unlocked? How will they be released to avoid large dumps on new holders (who did not participate in pre sale)? Why did ProcolX choose to have 40% of available tokens (and not a lower pecentage) up for pre sale given that this is a long term project?
I found out that Protocol X has a 63,632% APY in staking in which it is 1.77% daily APR with Sustainability Variables: Outside Revenue Sources, Surplus burn strategy and Decreasing APY over time so can you explain how would be possible to earn 63,632 % APY with in your platform considering the market volatility ? How about the term and conditions to earn with Surplus burn strategy? How does this strategy works? In what way that APY decreases over time?How would the decrease of APY can affect the value of your tokens? Thank you
ProtocolX plans to implement a DEX platform (XSwap) to utilise fees to conduct buybacks, burns, and other revenue streamlining methods for the advancement of the protocol, how does it ensure that it’s to be used for legitimate growth of the project and not as a cash grab (as many other projects tend to do)?.
How do you intend to address short term investors (most likely people new into the DeFi space) and get them to stay with the project in the long run? and how will you tackle sell pressures that these investors may cause?
I went through your road map, you made mention of gamification so i want to ask which type of game? Is it a P2E game and is there any requirement needed to play the game such as NFT etc….
I discovered that ProtocolX is here to change the game by putting in place an ecosystem that is always evolving, extending, and feeding into one another.
XSWAP, XShare, ProtocolX Buy Back (PxBB), Automatic Liquidity Router, and many more are just a few of the features you’re providing. I would be grateful if you could give us more detailed information about the features that are available on your platform. What potential benefits and applications may they have in your ecosystem? Given that most of us find these initiatives to be novel, how is your platform set up to really benefit its users in this location? Kindly explain the purpose of your project!
I read the protocolX whitepaper, and I must say that I really like the platform’s design and overall concept. In the vast Crypto Sphere, I firmly think that any initiative that is launched aims to address certain issues that have previously been highlighted. Can you specifically point out a few issues that the protocolX team found in the cryptosphere in this regard? What methods would protocolX employ to address these issues? What novel characteristics (innovations) distinguishes the protocolX platform from many other initiatives of a same nature? How do you want to make protocolX a respectable project that will endure and float above the sea of significant DeFi flagships? What are your methods for keeping users?
The ProtocolX team plans to use platform fees for buybacks, burns, and other means of streamlining revenue in order to promote the protocol. Please give a brief explanation of your charging schedule. What portion of the costs will be allotted to each task? You could be charging a significant price to use for the aforementioned objectives. I apologize if I’m mistaken. Tell us whether your charge schedule is set in stone. Will the fees go down after the ProtocolX platform development is finished? Do you provide holders with a bigger quantity of $PTX with any savings on fees?
We are aware that strategic partnerships and collaborations foster project growth, sustainability, and even legitimacy, as is seen from ProtocolX. Can you provide us additional information about your partners and sponsors who back ProtocolX? What advantages and good effects have your partners and funders had thus far on your project and Defi-space? What are your key priorities when selecting partners and financial backers? Are you currently searching for further partnerships and opportunities for collaboration?
When reading your whitepaper i noticed that protocolx is implementing an ever-developing,expanding and growning ecosystem. What type of ecosystem are we talking about and how does it look to tackle the problems faced with decentralized finance. And be the future of it?
ProtocolX will be launching on the binance smart chain and launching a ptx rebase token on BSC. How much will it be worth. And how do we get our hands on it?
I noticed that it is mentioned in the white paper
That xshare is going tobe the way share-holders to your ever-expanding ecosystem. How do we get the xshare do we get WL? Or we get it using your native coin xswap?
Greetings
I understand that once one buys a token it automatically starts rebasing, but how is that possible if no work done is required? It was also mentioned that once per 30days APY will be reduced by 10% from the previous month which helps the token to maintain positive price action pressure,Is there a possibility that an event might occur where this might not happen? If so what happens then ?
I saw that ProtocolX has its pre-sale on August 10 at 1700 UTC.. can you give details? What should a User do to enter the pre-sale? How much is the minimum and maximum that can be purchased for $PTX per wallet? What type of payment will be used to purchase $PTX? BNB, USDT, BUSD, among others? Which one should I have to access to buy $PTX?
I learnt that owning an Xshare makes you a share holder, what are the procedures to follow in other to acquire Xshare? Are they requirements or can just anyone be a shareholder? What is the minimal amount of investment? Also, I learnt that holders will be engaged via a voting system for the various aspects of the protocol and future developments, what is protocolX definition of future development? How do they plan on expanding in the future?
I saw that ProtocolX has its presale on August 10 at 1700 UTC. Can you give details? What must a User do to enter the presale? How much is the minimum and maximum that can be purchased for $PTX per wallet? What type of payment will be used to purchase $PTX? BNB, USDT, BUSD, among others? Which one do I need to have access to to buy $PTX? and finally. I saw that ProtocolX does not have a website where users can see the roadmap. Why have you decided to start your marketing campaign without having the whitepaper of your project available yet?
After reading the white paper I found the project is based on the Binance Smart Chain. Is there a particular reason for not launching on a much bigger blockchain like Etherium or Bitcoin?
It was mentioned that protocolX is in partnership with Ego teams self development trading bot, dose protocolX have intentions of partnering with others in the future? What are the roles the partners play and what do they benefit by partnering with ProtocolX, now and in the future ?
Trying to pick the right assets before I look into the price auctions
I would like to know the technical factors that can affect the market value of this potential crypto and where does it actually derive it’s value.
I would also like to know The credibility and experience of the team behind a great project like PROTOCOL X
I am actually actually looking forward to investing in this, I think this project market value can go higher than Dogecoin(No offense to Elon Musk tho!!!
The PxBB(Protocolx Buy back) seems like a pretty interesting take and according to your concept, It provides a self sustaining element of buyback and burns for the protocol. Can you “dive” more into that and explain how the process all works?
The PxBB(Protocolx Buy back) seems like a pretty interesting take and according to your concept, It provides a self sustaining element of buyback and burns for the protocol. Can you “dive” more into that and explain how the process all works?.
Can the invention of ProtocolX bring about a significant change in the current economic situation…..and what is the and it’s significance to the current eçonomy
We’ve seen a lot of rebase projects failing in long term. How Can you make a difference? Which LMS system do you use and what are the LM limits top and bottom?
What are your marketing plan either at ongoing bear market, either at incoming bull market, how will you customize your marketing concerning the situation?
As you have MDB as a partner, what benefits will it add to your project?
How long do you think this project will last?.
What will protocolx members gain from this project?
Can you explain a lot of those foreign words like DEX
With my brief interaction with your project i realized you’re a DeFi ecosystem built on the binance smart chain.
With staking capabiltities
So is your project just alone or other up coming DeFi projects can also utilize your platform ?
On your discord server i noticed you’re planning to lauch your token on the 10th of August, how can be get a whitelist for coin and or purchase it for hodling ?
Do you have any plans to expand your community and presence by recruiting ambassadors or marketers ?
Any other opportunities for us as crypto enthusiasts to benefit in your discord server ?
Thank you
I learnt that ProtocolX is here to change the game by implementing an ever-developing, expanding, and growing ecosystem that all
Feeds into each other.
And some of the Features you’re offering includes XSWAP, XShare, ProtocolX Buy Back (PxBB), Automatic Liquidity Router, and much more. I would be glad enough if you could help in Giving us Elaborative information to these Features you have in place in your platform. What could be their utilities and use cases in your ecosystem? Giving the fact that these projects seems new to Most of us, i would like to know how your platform is designed to Create real Benefits for its users out here? Please kindly state the mission behind your Project. Thanks!
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I learnt that ProtocolX
Is a Revolutionary rebase protocol that is designed to provide a true financial incentive for those who engage in DeFi. And to be honest, after going through your white paper, i was Quite impressed by the Kinds of Services your platform aims to offer its users globally. But giving the fact that your platform is Quite new to Most of us out here, and you obviously haven’t created A website for it.. i would like to know more about the Legitimacy of your project. Is your platform Audited yet? What are your plans in making sure that Protocol X leaves up to its Expectations for a very Long period of time? Please tell us how Users can get involved with your Project. ? Thanks
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As I heard about your ongoing project in the decentralized metaverse earlier, what are the DAPPs which will be used by the user for easier access of it, also which programming language is being used with the gameplay within your first metaverse.
In the market cap also I wish to know the trade in volume per hour of the protocol X price market.
I’m aware that you are launching your token soon also, what are the basic requirements attached to it.
Thank you so much!
ProtocolX I read is here to change the game by implementing an ever-developing, expanding and growing ecosystem that all feeds into each other. Could you please elaborate what ecosystem ProtocolX intends to advance and how does ProtocolX intends to achieve this objective ? And as ProtocolX will begin as a rebase Protocol before expanding to a revenue share NFT Protocol that connects all elements of the ecosystem, what’s benefits are in stock in the ProtocolX for it’s Community as at now, and when in the ProtocolX roadmap will it be expanding to a revenue share NFT Protocol that connects all elements of the ecosystem ? Lastly, how many elements of the ecosystem are in ProtocolX and what features have they and what difference exist in them ? Thanks
Looking at your tokenomics, you stated that ProtocolX will begin with a 50,000,000 (50 million) initial token supply. In addition to this, you mentioned that PTX will have a variable supply, meaning it will continue to increase with the rebase token model(there is no max supply built in at launch). In this regard, elaborate on the rebase token model. How does the rebase token model work? Since PTX doesn’t have a fixed supply, what mechanisms are you employing to fight potential inflation of the tokens? Will there be seasonal burns of PTX? On what utilities is the token based?
Hello ProtocolX
I noted that ProtocolX aspires to develop a large-scale ecosystem that is the future of decentralized finance. And it will be having a dual token system, the $XSWAP and the $PTX. But I am more interested in the $PTX which will be launching on BSC. Can you give us more information of the $PTX token? Has it been listed on any exchange? Can you kindly show us the tokenomics of the $PTX? In your roadmap, you mentioned that there will be a $PTX burn. What burning mechanism do you plan to employ? What percentage of the total supply of the $PTX will you burn? And lastly the $PTX will be a rebase token that auto-compounds at a rate of 1.77% daily which reduces over time. Can you tell us why you intend to reduce the daily rate of compounding? How long will the 1.77% rate last before it starts to reduce?
I understand that XShare holders will be given governance powers and will be engaged via a voting system for various aspects of this protocol and the future developments. There are three XShare, the Dungeon Door, the castle Door and the Egyptian Door. The Castle Doors and the Egyptian Doors are can be upgraded with KEYs, can you tell us about this upgrade? How many keys are needed for the upgrade? What are the benefits of upgrading these Doors? How can we buy these XShare and be a part of the governing body? What amount of these XShare do we need to have to enable us have governance powers? How are decisions/proposals made in your ecosystem? Can you briefly tell us about your voting mechanisms?
Apart from the PTX tokens, I read that ProtocolX will be launching another token (XSWAP) token which will be the native token of the protocolX Decentralized Exchange(XSWAP) and will utilize farming staking to distribute the supply. Kindly give details on your DEX, what functions will this DEX serve? As compared to popular DEXs like pancake swap, what features will be implemented on the protocolX swap to make it a better alternative for users? You stated that the $XSWAP token will utilize farming/staking to distribute it’s supply, please elaborate on this statement, what does it entail. On what utilities have you built the $XSWAP tokens as compared to the $PTX tokens? When is the proposed time for the Launch of ProtocolX DEX or is it already launched?
I had gone through the protocolX whitepaper and sincerely the general idea and the platform’s build is something I really admire. My strong believe is that every project that comes into inception is aimed at solving some already identified problems in the large Crypto Sphere. In this regard, can you clearly highlight some problems that the protocolX team identified in the crypto sphere? What strategies will protocolX use to solve these problems? What new features (innovation) can the protocolX platform boast of as compared to many other similar projects? How do you aim to make protocolX a credible project that will stand the test of time and remain afloat in the ocean of major DeFi flagships? What are your user retention strategies? Lastly, what do I need to get started on the protocolX platform?
PTX is an Auto-Compounding rebase token that compound at an initial rate of 1.77% every 30 minutes. However, you said that you have incorporated a Sustainable Emission Model (SEM) that is similar to halving, but in case of PTX, this will be done by reducing the compounding reward by 10% every month. Will the compounding of interest to users wallet always begin at the initial 1.77% for everyone whenever they buy PTX or will users have to buy PTX as soon as it launches in order to enjoy the initial rate of 1.77%? Also, why is the Auto-Compounding rate flexible rather than being fixed? And if you continue to reduce interest by 10% every month, won’t there be a time when Auto-Compounding reward rate will become ZERO or is there a point when interest rate percentage reduction is expected to stop?
ProtocolX haa a path to legitimate sustainability as a priority.
Your project have plans to vuy backs and burns
It sounds really unique
How do you plan to achieve that ?
Where and how to have plan to get your outside revenue sources ?
According to your roadmap, two features that caught my attention which you plan to release before the end of this Q3 2020 are staking/farming platform and XSWAP lottery system. Can you explain more about this staking platform, its requirements, lock duration, incentives/rewards and how users will join? Since PTX has an auto-staking model already in its design, will the staking and farming only apply to XSWAP or will it be possible to farm all your platform tokens including tokens from other projects from it? Also, can you talk briefly about your lottery system and at what interval lottery will take place? How do user participate or wager in lotteries and what will the lottery be based on? How will winners be selected and what are the incentives that can be earned from lottery?
I saw that your presale will be a 5 days event which will start on 10th of Aug and end on 15th, but I am yet to see the platform on which presale will be held. How many platforms will be used to conduct your presale and how many tokens are you selling during the presale duration before you will be able to reach your soft or hard cap target? Is it necessary to have a whitelisted address to join this presale? If this is so, how many whitelist users will you have and how can one get whitelisted? Out of your three tokens, which of them will be available for purchase between Aug 10 – Aug 15 and at what price will this token be sold?
Question:
What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
Thank you so much for answering my question.
Please can you describe your partnership with EGO Finance,a laaS protocol on the BSC network that provides investors with a sustainable path to financial freedom?. Can you explain the extent of your relationship with the EGO Finance? What benefits have or will this partnership afford you and how have they assisted your path to financial freedom and risk management? Can you also talk about other partnerships you have apart from the EGO FINANCE and how value they have bring to protocolX’s table?
I learnt protocolX is built on BSC network. I would like to know why you and your team choose to rely on the BSC network? Yes it is a fact that this network is one of the best, most successful and most efficient network but have you considered expanding to others just as efficient and more successful as the BSC network such as POLYGON, SOLANA CYCLOS or even MOONBEAM networks? That been said I will also like to know at what stage you are in achieving your goals? What current result in the development of protocolX are you striving to achieve?
I read on your roadmap something very interesting you have plan for Q4 of introducing gamification system to promote the PTX/XSWAP token. Could you give us more details about this future plan. What kind of gamification system do you aim to introduce into the platform to promote the PTX/XSWAP token? Please give us more details about how you plan it to be and how will users be able to engage on them? What benefits will this new feature bring to your users?
ProtocolX plans to introduce a “Gamification System” in its platform in other to sustain the growth of your tokens When we hear the word Gamification,what usually comes to mind is NFT games.So can you explain to us the kind of gaming system you will establish that is unique and can’t be seen else where or what barrier to entry will this system possibly eliminate?Will NFTs be introduced in such games or you will create an entirely different game that doesn’t require NFTs,my reason for asking is because in your Discord I notice you have Poker Tournaments.Will Poker game be the only game you have in your platform or you will introduce more games?In what various ways will introducing this gaming system be able to sustain/support $PTX and $XSWAP tokens?When this is finally established can you tell us the different methods users can possibly earn passive income? Thanks
I read your whitepaper, you plan to develop ProtocolX Blockchain from Q4 2022. Why do you decide to develop your blockchain ? at this time, there are a lot of blockchains exist, what feature does this blockchain have that make it can compete other current blockchains ?
About ProtocolX treasury, the protocolx treasury will be invested in various Defi protocols with varying level of risks, Can you elaborate on these levels of risk? or is this model 70/20/10 model like other protocols ?
As I am searching for your official links, I noticed that you haven’t publish any website link yet. When do you plan to launch it? What will be the most awaiting features we can see in your website? Also, as the $PTX presale is fast approaching, where will you conduct the presale event? What are the pre-requisites in participating the token presale? Can you give us more details of the presale event? Thank you.
ProtocolX offers a sustainable 1.77% daily APR with a monthly halvening of 10% and liquidity management system to avoid dumps.So can you tell us the accuracy and transparency of building a sustainable liquidity in the DeFi space that most protocol tend to ignore?To protect users from impermanent loss/dumps in your platform,how can users get a true APR?And since you will offer users liquidity management system,what is the first step you will provide to help user manage liquidity risk? And are there tools you will provide also to ensure that even when the market is volatile ProtocolX users can still make some profits? Please explain Thanks
Your presale has been scheduled for the 10th of August. Since there are less than 3 days, please elaborate more on the requirements and the rules of the sale. I could not find any information about a Whitelist process. Can anyone purchase tokens from the sale without any preparation? What are the minimum and maximum investment amounts? It seems ProtocolX community is yet to be expanded. For example, there are less than 100 members in your Telegram group. When the project is not popular enough, do you think that the presale will be a success? To attract users, do you offer any discounts/privileges to early investors?
I am curious to know more about your “sustainable emission model”. According to this model, APR will be gradually reduced until 0.5%. Although this emission design allows the token to grow without the worry about emissions catching up, I wonder whether there are direct benefits for the users. When APR is decreasing gradually, why should we choose ProtocolX to invest? After the APR has reduced to 0.5%, is it fixed or will be increased in the future? What are the extra advantages of your emission design? How do you ensure that the benefits of your sustainable emission model overweigh the drawbacks of it? Are you the first platform to introduce this kind of model?
Describing about the future of the project, you have highlighted that ProtocolX has outside revenue sources. Can you briefly explain about these sources? How do you get revenues from external platforms? Have you made any investments? How do you believe on the longevity of these sources? Do these sources include your partnerships? If yes, please briefly explain about the current and future collaborations of ProtocolX. In addition to the income to ProtocolX platform, do these partnerships offer any privileges to the users? For example, if I join the ProtocolX community as a community members of one of your partners, do I get priority/special benefits on ProtocolX?
As I am browsing ProtocolX whitepaper, XShare and XKeys piqued my interest. Can you shed more details onto these features? How are they connected with one another? Who are eligible for XShare and XKeys, and what are the expected benefits in becoming a part of it? What are the limitations? How will the eligible users receive the benefits, do one need to connect a wallet from a certain website? When do you intend to release these program to the public?
It is true that Liquidity Pairs plays an important role in maintaining the fundamental aspects of the token and controlling price movement. As the $PTX token presale is nearly coming, it is expected that presale participants wants to make good profit from it. So how will you handle/manage Liquidity Pool after the presale? How can you ensure that it won’t be just a pump and dump token? What mechanism you have designed to the contract to stabilize or to get a positive price of $PTX token during trading periods?
According to your whitepaper, Tokenomics designed to support the protocol over a prolonged period of time,
thriving in both bear and bull markets alike. I’m curious to know the strategy set aside to ensure successes during bear market
ProtocolX recently announced its partnership with Sharity firm.Sharity firm is known to be a DeFi protocol that seeks to revolutionize the charity space.So can you tell us how ProtocolX will utilize the charity organizations that Sharity offers?Will you establish a charity wallet whereby users can make donations to the charity organizations of their choice?When will this goal be realized since it isn’t stated on your roadmap.What kind of charity organizations will ProtocolX intend to support and which of your tokens will be used for that is it $PTX or XSWAP token?Please tell us more about this partnership.Thanks
Your paper says “Once you buy the token, it will begin to automatically rebase in your wallet. No work to do to make the magic happen!” Please what’s the assurance that this will work perfectly? Can anything possibly delay the rebases?
You said XShare holders will be given governance powers and will be engaged via a voting system for various aspects of this protocol and the future developments.
I’m a bit lost here, could you throw more light on this please?
Lastly,What are the measures you’ve taken to ensure that the XSWAP token won’t fall drastically?
What strategy does protocolX have to tackle the insecurity challenge which is common in the crytocurrency market,what assurance are you giving your investors that their data will be safe?Have you completed your audit? If so, which company are you working with? Please I need your answers . Thanks
According to the Q4 roadmap, you have planned introducing gamification systems to promote the PTX/XSWAP token. Basically, gamification is used to increase the involvement of participants in the process. Can you tell us what game methods you plan to adapt to promote the PTX/XSWAP token? What’s in store for the ProtocolX community in connection with the introduction of gamification, and will gameplay be used in other ways besides promote the PTX/XSWAP token?
Can you elaborate more on your dual token mode? I saw you will be introducing a reward token called $xPTX in addition to the platform token, $PTX. Do we receive all reward types such as staking rewards and liquidity rewards with $xPTX? What are the utilities of $xPTX? Please explain the benefits of holding $xPTX for longer time periods. Can we exchange $xPTX to $PTX or a stable coin like USDT or BUSD? What are the factors that determine the value of $xPTX? Is 1 $xPTX equal to 1 $PTX? Generally, projects create a separate reward token to ensure the value of the platform token. In addition to this common purpose, are there any intentions of introducing $xPTX?
ProtocolX team hopes to utilize platform fees to conduct buybacks, burns and other evenue streamlining methods for the advancement of the protocol. Please briefly explain about your fee structure. What is the percentage of fees that will be allocated for each task? In order to utilize for aforesaid purposes, you might be charging a considerable fee. Correct me if I am wrong. Let us know whether your fee structure is fixed. After completing the developmental work on ProtocolX platform, will the fees be reduced? Do you offer any discounts on fees for holders with a higher amount of $PTX?
Hey team,
I’m a huge fan.
My questions are :
1. Having 63,632% APY its really a big deal and with all your plans in place for self sustainability of the project what do you have to coup with the existing projects (what are your competition advantages)?
2. How do you plan to ensure your road map aims for Q3 and Q4 of this year and in the future??
3. What are your motivations for bringing NFT’s into your project and what are the unique features of (Dungeon door, Castle door and Egypt door NFTs)???
Thank you.
Please elaborate more on your “XShare” option. I read that it is our direct share to the company’s revenue stream as a whole. However, it is not clear how to earn a protocol NFT Chest (XShare). Is this option currently available or will be introduced in the future? If it is available, please briefly explain the steps of receiving a XShare. Moreover, please let us know about the benefits of having a XShare. Is this a unique feature introduced by ProtocolX? Did you research on similar features available on other platforms before creating this option? If yes, did you notice any drawbacks of existing features? How does XShare differ from similar options?
ProtocolX recently announced a partnership with Sharity Token – is a DeFi protocol that seeks to revolutionize the charity space. Will it be a mutually beneficial union? As far as I understand, Sharity Token can ensure the development of ProtocolX in the field of charity? In turn, what can ProtocolX offer Sharity Token to provide mutual support in this cooperation? What goals are you planning to achieve?
Studying the information on your Discord server, I found out that the Presale will begin on August 10 at 17:00 UTC and will be held on your site according to your words. But I haven’t been able to find the site. According to the roadmap, Develop and Launch website interface are scheduled for Q3. So, at what stage in the development and launch of the site is the ProtocolX team? Will all the functions of the site work fully, will be checked and protected in a timely manner, which is no less important, by the beginning of the Presale?
From what I read from your White paper,it stated that artists will have a chance to sell their ARTs in the PX NFT or in PX LAUNCHER if they apply for the INO.Please can you explain more on your INO? How can one apply?Are there criterias/requirements for application?How long does it take, before an application is approved?What are some of the benefits of being an artist in your platform? thanks
It caught my attention to know that PROTOCOL X features a separate token known as the” XSWAP”.Can you expaciate on some of the features of the XSWAP?What are some of the utilities of XSWAP?What is the total token suply of the XSWAP? Will $XSWAP be the native token of your in house Decentralized Exchange?Will staking options be included to the distribute the supply of the XSWAP token? And lastly who can hold the $XSWAP token?kindly explain.Thanks
Hello, the ProtocolX team.
In a couple of days, you are planning to presale the native protocol token. Since it is planned to sell exclusively for BNB, it means that you initially deploy your protocol on the BSC network. Are you planning to add other networks in the future? Which network will be the second to add? In the fourth quarter, according to the roadmap, you plan to develop your own blockchain. Will it be an L1 or L2 blockchain solution based on an already existing network?
Hello, the ProtocolX team.
You have a fairly young project, but you already have partnerships with three quite interesting projects. With such as Sharity Token, EGO and MDB. Please tell us what advantages such partnerships provide? Maybe you are planning new partners with famous names, can you tell us about it?
Hello, the ProtocolX team.
Judging by the description of the project, you are well versed in the DeFi segment. But at the same time, you set the ultimate goal of an inflationary component in a year as 5% per day. I do not know of any working protocol that, having such an inflationary component, could maintain the price of the token at least at some level. Accordingly, its value will constantly decrease. Why didn’t you take this point into account when building tokenomics, although you understand it perfectly and didn’t make a lower inflation model? After all, for any investor, the value of the asset in which he invests is paramount, and not just the build-up of tokens that will constantly lose in price?
Good day protocolx team .well I have made some research and I finds so many good contents about protocolx but I couldn’t find any details about your tokenomics which is very essential to me.so can you please out of your time share us some details on that how do your tokenomics look like,what are the amount of tokens which are going to be minted?where will they be minted and how do you intend to manage and control the supply of $PTX tokens in order to increase liquidity.
Hello team ProtocolX. How do I qualify for the pre-sale event? What is the Max amount of initial token supply at first lunch? will PTX have a variable supply?
Will we be provided with automatic routing contract of the buy tax and sales tax after pre sales
Good day protocolx teams am happy that you are having this ama with Satoshi club.please I have a very simple question which is base on security.as we all know,no platform is 100% secured this days almost everyday we here of hacks here and there which couses the breakdown and sometimes a crash to some project so can you please out of your time tell us about the security aspect of protocolx.what have you put in place to ensure a good and accurate security for this project in order to protect it from theft thank you.
I saw this question from your server and I will like if you can through more light on it.
What specifically will the ProtocolX blockchain aim to achieve long term? I.e. does it have any specific nuances compared to other blockchain?
We do know that strategic Partnerships and collaboration promotes Growth, sustainability and even credibility of Projects and as seen, this is evident even with ProtocolX. Can you tell us more about your partners and backers that support ProtocolX? What are the positive impacts and benefits of your Partners and backers on your project and Defi-space so far? What are your top priorities and focus for choosing Partners and backers? Are you currently on the look out for more Partnerships and collaboration?
I understand that ProtocolX aspires to develop a large-scale ecosystem that is the future of decentralized finance. What are the most special and unique features of ProtocolX that makes it standout from other rebase-style protocol? Can you tell us about your specific Short-term and Long-term goals for the rest 2022 and Beyond? What are your marketing strategies to crate awareness, attracting more users and Investors to ProtocolX? What are the benefits and motivations you have for your Long-term investors? Thank You
I read that owning ProtocolX NFT (Xshare) givers holders direct access to being shareholder to the company’s revenue. Can you share more details about the benefits of being a shareholder on ProtocolX ecosystem? Will this benefit include governance powers and voting rights? Also I noticed that XShare has 3 NFT Doors which are the Dungeon Door, Castle Door and Egyptian door which can be upgraded using “keys” Can you tell us more about the features of this NFT door Levels ? What are the features of the Xkeys and how can they be Obtained?
Having gone through your white paper I was particularly interested in the part where Protocol NFT owners becomes shareholders who will be given governance powers and engaged via voting, my question is what is the limit to these shareholders powers in terms of influencing the project and through what means will the voting system be enforced.
From protocolx project road map I understand that you are at your build phase and still going stronger, would you like to share what your greatest challenge has been so far and what milestones you hope to accomplish in the future.
Greetings ProtocolX, We know that ProtocolX is a new project, I would like to know what makes you different from other DEFI protocols that already exist? What is the security system offered by your project? How do you keep user data and assets safe, and the ability to respond to possible cyber attacks? What should an investor or token holder do in case ProtocolX suffers cyberattacks? What is your main marketing plan to attract users to the platform and publicize the native token and your project? How important is the community for your project and how do you encourage or educate the community to get to know and get closer to ProtocolX? And how the community can participate and make decisions and vote on your project, what are the requirements that an investor and holder of PTX tokens must meet? To participate inProtocolX is it necessary to verify KYC to participate and invest in ProtocolX?
Current Problems Which are being faced by Rebase and Auto staking Protocols includes Inflation, lack of innovation and Growth which leads to an eventual Demise. Can you Elaborate on How ProtocolX will combat inflationary aspects on Multiple fronts? Can You also explain on How ProtocolX would innovate and adapt to DeFi trends with Growth Aspects and also simultaneously advance the Ecosystem with multiple and diverse cryptocurrency and real-world innovations?
One of The Feature of ProtocolX is the Xshare NFT where users can earn passively by owning Xshare NFTs. Can you elaborate more on ProtocolX Xshare Model, its Revenue streams and its earning mechanisms? How can users acquire/Mint the Xshare NFT and how they can earn passively using their Xshare NFT? Lastly, what are some other benefits and incentives in which Xshare NFT owners are entitled to?
According to your Tokenomics of ProtocolX will begin with a 50,000,000(50 million) initial token supply with no Total Max Supply for PTX built at launch, can you briefly explain on how ProtocolX would work to ensure and allow the Token to have a positive price action pressure and keep the long-term demand aspects of the protocol Good? I also noted that the PTX token will have a variable supply, which will increase based on the rebase token model, can you explain on your rebase token model and how it works?
I read on your website that owning a ProtocolX NFT makes you a shareholder in the protocol, instantly receiving a revenue share kickback from this business and all business models under the ProtocolX umbrella
Now my question is
If I decide not to continue staking my NFT which I have staked already will I still be eligible for this great rewards?
One major feature of ProtocolX Ecosystem is the XSwap (ProtocolX DEX) which will serve as a Launchpad in addition to project launch support and other services for partnered projects. So how can projects apply/requirements for projects to apply? What are the advantages and pre/post launch supports you avail projects that want to use your launchpad? Also can you elaborate on the external and sustainable revenue sources you will help partnered projects create regardless of market? Lastly how will XKeys (Lottery/Burns) feature work?
I want to know
What are the key features of ProtocolX that sets it apart from other projects and what advantage do you have over similar projects?
How has the team’s experience and background contributed to the project’s success?
It’s great and exciting to see ProtocolX has TREASURY which will be investigated in projects. So how is the fund in this treasury generated? Who decide and how is the decision process reached on projects to invest in? How would the profit generated be utilized and which strategy of risk management and returns is implemented for this Treasury investment? Apart from investment, what else can the funds in this Treasury be used for?
While reading about ProtocolX Ecosystem, I could not find information on some features of interest to me among others which includes: Web3 website, Trading Bot Sustainability Mechanism and Outside Revenue Sources. How will these features work in ProtocolX Ecosystem? How will they empower users to increase utility and unlock values?
I read in your white paper that ProtocolX will be launching on the Binance Smart Chain, now my question is, do you have any plans in the future to expand the ProtocolX to other block chains like the ERC20, avalanche or the Solana networks?
And are we expecting to see your token being listed in the Tier1 exchanges anytime soon?
ProtocolX Presale will take place on 10th of August at 17.00 PM UTC & will last on15th of August at 17.00 PM UTC including with a 20 million of $PTX token Hardcap as a Fair sale. Can you provide more details about upcoming $PTX token presale? Where will be the presale be going to held, Will it be on Your website or on other Launchpad? Will users be able to use stablecoins such as USDT, BUSD to buy $PTX tokens? In here, No need to be whitelisted, No need to follow KYC. So, How much will be the minimum amount & maximum amount of $PTX per user wallet & Is it possible to use multiple wallet options when involving with $PTX presale? I mean Can we use two wallets if we want buy more than your maximum allowed limit?
Through My researchings, I could found that ProtocolX promised to Offer a APY of 63,632% for $PTX Stakings. Actually, it’s a huge APY. So, Can you provide a such APY to the $PTX stakers? Actually I need to know more details about $PTX staking Program. Can you explain further about that? Will the APY be reduced along with the increasing of Satking Pool just other pools? However, higher Yield makes higher risks. How can we gurantee that we are secure with $PTX staking? How about the Locking periods & harvesting epoch in $PTX staking? Some platforms have Locked the funds when the users deposit funds & flee away. I have victimized several times. So, Please explain about your precautions & measurements for user safety in staking program?
ProtocolX seems to be a new born project & you have not collaborated with any kind of Platform based on Crypto & Blockchain industry. So, I want to ask about your future plans on the Partnerships & Collaborations. When will you announce the first partnership? Have you already discussed & negotiated with world class platforms in order to make some good accompaniments? And also, Tell us what kind of Privileges that your partners will be recieved through the partnership? In which manner will both of you accompany your ultimate goals with a comprehensive bond?
Can you introduce to us your team mates, are the team professionals in there field lines.
What is the feature from XSwap, xShare, PxBB , Automatic Liquidity Router that made you believe ProtocolX differ with other projects and become a new trending in the future ?? What istje reason let you think like that?? Please tell us more about it
Hello team ProtocolX. How do I begin?h ow will the tokens be burned? Can you please explain how ProtocolX will be different than the other rebase-style protocols? And what are the benefits of having a Xshare NFT? How will the the tokens minted? How do you plan to maintain everlasting growth of the entirety of the protocol?
Thank you.
I think it’s right to say that most investors look at the market capitalisation as an important metric before investing in DeFi projects. So, how does ProtocolX intend to entice and attract early investors who do not have access to the tool of market cap?
I read in your whitepaper that owning a ProtocolX NFT (XShare) is your direct share to the company’s revenue stream as a whole which makes you a shareholder in the protocol receiving a revenue share from all all business models under the ProtocolX umbrella amongst other benefits, all of this is good and also seems to be a win-win situation, but I wonder if there are risks that investors should be aware of when deciding to own XShares or invest in the ProtocolX NFT?
I still want to know more on the structure of your PTX that will it also be in the structure of universal token or what??
Pls more details on this
Pls what will be the difference between protocol X and other protocol progect
What are the certain measure the team are putting in place so that it be safe for investors to come in and invest
How can the price be sustainable
After reading the whitepaper on the ProtocolX auto-compounding protocol, it was written that the PTX rebase token ($PTX) begins as a 1.77% daily auto-rebasing token which just by simply holding the $PTX token in your wallet, you will receive rebases every 30 minutes that are directly and immediately added to your wallet however there’s no info on how it will work in details, is there a DAO setup to handle the process and how does ProtocolX intend to mitigate and minimise losses which tend to happen to most elastic or rebase tokens?.
How are we assured that the pre-sale is not a rug scheme? When will the pre sale tokens be unlocked? How will they be released to avoid large dumps on new holders (who did not participate in pre sale)? Why did ProcolX choose to have 40% of available tokens (and not a lower pecentage) up for pre sale given that this is a long term project?
I found out that Protocol X has a 63,632% APY in staking in which it is 1.77% daily APR with Sustainability Variables: Outside Revenue Sources, Surplus burn strategy and Decreasing APY over time so can you explain how would be possible to earn 63,632 % APY with in your platform considering the market volatility ? How about the term and conditions to earn with Surplus burn strategy? How does this strategy works? In what way that APY decreases over time?How would the decrease of APY can affect the value of your tokens? Thank you
With my information about protocolX, just wanted to ask is it compulsory to complete KYC verification before you can take part in the presale
ProtocolX plans to implement a DEX platform (XSwap) to utilise fees to conduct buybacks, burns, and other revenue streamlining methods for the advancement of the protocol, how does it ensure that it’s to be used for legitimate growth of the project and not as a cash grab (as many other projects tend to do)?.
How do you intend to address short term investors (most likely people new into the DeFi space) and get them to stay with the project in the long run? and how will you tackle sell pressures that these investors may cause?
Wow after doing my research i want to ask how possible is it that holding a $PTX you will get a rebase automatically. Emphasize on this….
How can we get to purchase your NFT so that we can be entitled to a built in revenue share system for every branch of the ecosystem.
I went through your road map, you made mention of gamification so i want to ask which type of game? Is it a P2E game and is there any requirement needed to play the game such as NFT etc….
I discovered that ProtocolX is here to change the game by putting in place an ecosystem that is always evolving, extending, and feeding into one another.
XSWAP, XShare, ProtocolX Buy Back (PxBB), Automatic Liquidity Router, and many more are just a few of the features you’re providing. I would be grateful if you could give us more detailed information about the features that are available on your platform. What potential benefits and applications may they have in your ecosystem? Given that most of us find these initiatives to be novel, how is your platform set up to really benefit its users in this location? Kindly explain the purpose of your project!
I read the protocolX whitepaper, and I must say that I really like the platform’s design and overall concept. In the vast Crypto Sphere, I firmly think that any initiative that is launched aims to address certain issues that have previously been highlighted. Can you specifically point out a few issues that the protocolX team found in the cryptosphere in this regard? What methods would protocolX employ to address these issues? What novel characteristics (innovations) distinguishes the protocolX platform from many other initiatives of a same nature? How do you want to make protocolX a respectable project that will endure and float above the sea of significant DeFi flagships? What are your methods for keeping users?
The ProtocolX team plans to use platform fees for buybacks, burns, and other means of streamlining revenue in order to promote the protocol. Please give a brief explanation of your charging schedule. What portion of the costs will be allotted to each task? You could be charging a significant price to use for the aforementioned objectives. I apologize if I’m mistaken. Tell us whether your charge schedule is set in stone. Will the fees go down after the ProtocolX platform development is finished? Do you provide holders with a bigger quantity of $PTX with any savings on fees?
We are aware that strategic partnerships and collaborations foster project growth, sustainability, and even legitimacy, as is seen from ProtocolX. Can you provide us additional information about your partners and sponsors who back ProtocolX? What advantages and good effects have your partners and funders had thus far on your project and Defi-space? What are your key priorities when selecting partners and financial backers? Are you currently searching for further partnerships and opportunities for collaboration?
When reading your whitepaper i noticed that protocolx is implementing an ever-developing,expanding and growning ecosystem. What type of ecosystem are we talking about and how does it look to tackle the problems faced with decentralized finance. And be the future of it?
ProtocolX will be launching on the binance smart chain and launching a ptx rebase token on BSC. How much will it be worth. And how do we get our hands on it?
I noticed that it is mentioned in the white paper
That xshare is going tobe the way share-holders to your ever-expanding ecosystem. How do we get the xshare do we get WL? Or we get it using your native coin xswap?
If your token increases but is offset by external revenue sources and injections of capital thats means are you guys going to hyper inflate
Greetings
I understand that once one buys a token it automatically starts rebasing, but how is that possible if no work done is required? It was also mentioned that once per 30days APY will be reduced by 10% from the previous month which helps the token to maintain positive price action pressure,Is there a possibility that an event might occur where this might not happen? If so what happens then ?
I saw that ProtocolX has its pre-sale on August 10 at 1700 UTC.. can you give details? What should a User do to enter the pre-sale? How much is the minimum and maximum that can be purchased for $PTX per wallet? What type of payment will be used to purchase $PTX? BNB, USDT, BUSD, among others? Which one should I have to access to buy $PTX?
I learnt that owning an Xshare makes you a share holder, what are the procedures to follow in other to acquire Xshare? Are they requirements or can just anyone be a shareholder? What is the minimal amount of investment? Also, I learnt that holders will be engaged via a voting system for the various aspects of the protocol and future developments, what is protocolX definition of future development? How do they plan on expanding in the future?
I saw that ProtocolX has its presale on August 10 at 1700 UTC. Can you give details? What must a User do to enter the presale? How much is the minimum and maximum that can be purchased for $PTX per wallet? What type of payment will be used to purchase $PTX? BNB, USDT, BUSD, among others? Which one do I need to have access to to buy $PTX? and finally. I saw that ProtocolX does not have a website where users can see the roadmap. Why have you decided to start your marketing campaign without having the whitepaper of your project available yet?
After reading the white paper I found the project is based on the Binance Smart Chain. Is there a particular reason for not launching on a much bigger blockchain like Etherium or Bitcoin?
How can you 100% assure us the people that would partner the project that there would be no security issues as regards the project.
It was mentioned that protocolX is in partnership with Ego teams self development trading bot, dose protocolX have intentions of partnering with others in the future? What are the roles the partners play and what do they benefit by partnering with ProtocolX, now and in the future ?
Trying to pick the right assets before I look into the price auctions
I would like to know the technical factors that can affect the market value of this potential crypto and where does it actually derive it’s value.
Does the project have a social media platforms, how socially active is the project??
I would also like to know The credibility and experience of the team behind a great project like PROTOCOL X
I am actually actually looking forward to investing in this, I think this project market value can go higher than Dogecoin(No offense to Elon Musk tho!!!
Please what is the road map of this great project
The PxBB(Protocolx Buy back) seems like a pretty interesting take and according to your concept, It provides a self sustaining element of buyback and burns for the protocol. Can you “dive” more into that and explain how the process all works?
The PxBB(Protocolx Buy back) seems like a pretty interesting take and according to your concept, It provides a self sustaining element of buyback and burns for the protocol. Can you “dive” more into that and explain how the process all works?.
i just wanted to ask is protocolX going to do airdrops
does protocolX have any kind of partnership or contract with a stable coin
How does this differ from other, similar protocols and what mistakes from those others does this one correct?
when is the date of the real launch of the coin
how do you plan on sustaining or increasing the price during the bitcoin dip and what is the assurance of the daily 1.77% apr and yearly 63,632% apy
Can the invention of ProtocolX bring about a significant change in the current economic situation…..and what is the and it’s significance to the current eçonomy
How does your project plan to get more exposure
We’ve seen a lot of rebase projects failing in long term. How Can you make a difference? Which LMS system do you use and what are the LM limits top and bottom?
What are your marketing plan either at ongoing bear market, either at incoming bull market, how will you customize your marketing concerning the situation?
As you have MDB as a partner, what benefits will it add to your project?
quick question will there be integration of farming and launchpad into this project?
How long do you think this project will last?.
What will protocolx members gain from this project?
Can you explain a lot of those foreign words like DEX
will the daily apr and yearly apy increase be forever