We are pleased to announce our next Voice AMA on August 9th, 2022 at 05:00 PM UTC Time: Satoshi Club x ProtocolX
⚠️Click to see the hour
⚠️Total Reward pool: $500
Requirements:
Join Satoshi Club Telegram group
Join ProtocolX Telegram group
Join Satoshi Club Discord server
Join ProtocolX Discord server
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ProtocolX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about ProtocolX
For more details:
ProtocolX Telegram – @ProtocolX_PTX
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Talking about the DAO in ProtocolX
From what i was able to understand about your project, since ProtocolX is a
Revolutionary rebase protocol that is designed to provide a true financial incentive for those who engage in DeFi. It is known that the majority of rebase tokens are run by Decentralized Autonomous Organizations (DAOs), Decisions get made from the bottom-up, governed by a community organized with a specific set of rules enforced on a blockchain. Can you tell us how PROTOCOL X is going to carry it decision making in the ecosystem? Do you have a Governance token? or any holder of your tokens can participate in governance of the Project?
Talking about Your NFT.
From what i was able to understand in our Whitepaper, it was stated that Owning a ProtocolX NFT (XShare) is our direct share to the company’s revenue stream
as a whole, and this includes a revenue share model from the ProtocolX and any other future developments under the greater umbrella. First of all, i would like to know if these offer is available for All NFT holders in your platform. How much percentage of the Companies revenue Stream would holders of your NFT Receive? would the Commission of the Revenue increase by the Amount of NFTs a user is holding? If we want to get your NFT,
Can you tell us about the Best way of Acquiring it?
A website helps create brand awareness and showcasing your brand to prospective customers. It helps to establish your image by letting the audience know who you are and what you represent. But after going through your platforms Media, I searched for your Website but was unable to get it, i would like to know when you plan on Launching your Website. In addition, i noticed that ProtocolX Is still new, and it obviously needs a very Strong Community behind the Project. I would like to know what you are doing in terms of community incentive programs to bring in Users into your platform.
Let’s talk about the ProtocolX NFTs (XShare). As stated on your website, holding the ProtocolX NFTs (Xshare) is synonymous to owning a share in the company’s revenue stream. In addition to this, 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. In this course, tell us how governance works on the ProtocolX platform. How do we acquire the XShare and how is voting weight distributed amongst XShare holders? You had mentioned three Xshares: Dungeon door, Castle door and Egyptian door. Can you give a basic distinction between these three? What advantages comes with their upgrades? What are the subjects of proposal in the governance system? How will you ensure a free and fair voting system?
As I read on your whitepaper, you utilize a dual token system; $PTX and $XSWAP tokens. You had stated that $PTX will have a variable supply (it continues to increase with the rebase mechanism) but has an initial supply of 50million tokens. I will like you to give more details about the structure of the rebase mechanism; what are the pros and cons of the rebase mechanism. With $PTX having a variable supply, how do you ensure that the token doesn’t get inflated? Concerning the 2nd token ($XSWAP), you had stated that the XSWAP token is the protocolX DEX utility token. Kindly Compare the utilities of the PTX and XSWAP tokens. Give details on your DEX as regarding it’s structure and potential functions. When do you plan to launch your DEX?
Looking at the NFT doors (XShare), there are basically three categories; Dungeon Door, Egyptian Door and Castle door. Firstly, can you briefly describe these three categories of NFT doors (Xshares)? What is the function of each? What is the difference between these three doors? The Castle door and Egyptian doors can be upgraded using “Keys”; what are these Keys? Are they form of NFTs? How do I acquire the keys and how do I initiate the upgrade process? What are the advantages of upgrading these NFT doors (Xshares)? Lastly, you stated that the Xkeys gives users entry to the lottery system. Briefly talk about the lottery system, what is the structure of the lottery system? How are lottery winners selected?
I will like to learn more about your partnership with Grow Your Ego (EGO), a platform that aim to promote a stress-free trading experience to user. You said this partnership will allow you to implement a Trading Bot Sustainability Mechanism for your protocol and you plan to pledge between 10% – 50% of pre-sale funds to the EGO Self-Develop Trading Bot. Can you explain how EGO bot will help you to achieve the goal of total sustainability from off-protocol revenue? How does this bot operate and why are you so confident of a third party bot that you are willing to deploy up to half of all fund raised during presale to it? And will this partnership opens up the possibility for users of your protocol to use EGO trading bot for their own assisted and personal trading?
From your roadmap
, Q3 of 2022 which we are in now is about the “build and live phase” where contracts are implemented on the protocolX platform; can you specifically tell when precisely ?
In the same Q3 2022 there also will be airdrop distribution how do we as a community get the airdrop ?
What are the requirements for the airdrop ?
Thanks
This project is very new it is yet to be even listed on coinmarketcap and coingecko”
I can only imagine that lots is going into this project by the team.
So what are your plans and strategists for expansion ?
Who do tou intend to partner to help promote your project to reach the desired goal by the team ?
Any plans to recruit ambassadors to work for your project?
Can you explain more about ProtocolX Decentralized Exchange why it is necessary for it to have a separate native token, XSWAP. What role will this token play in the operation of the DEX or is it the token that will be used to pay trading fees on this DEX? Will ProtocolX DEX only be used for swapping of assets in your platform tokens such as PTX, XSHARE and XSWAP only, or will it provide trading liquidity to a wider range of tokens on the BSC network? In addition, you said that you can host pre-sales on this DEX and provide a platform to establish new protocols. Does it mean this DEX will function as a launchpad? If so, how will sales be conducted on it? Aside this, what other features will this DEX have?
In Q4 of 2022 you plan to expand your ecosystem.
One thing got my attention and its that term “Gamification” what does it mean
Is it P2E or what ?
When you host pre-sale on DEX in Q4 2022 what’s your preferred DEX ?
Can you shade more light on the farm/staking on the ProtocolX dApp ?
Thank you
During my research on your project, I found out that you will be having the pre-sale of your native token on the 10th-15th of this month at 5 UTC with a hard cap of 20m $PTX. Can you please give more information about the pre-sale?. How much would each $PTX be? In what crypto currency do you accept payment? Can you please tell us the benefits or advantages of holding your token? Please tell us how to participate in the pre-sale? What is the basic requirements for participation? With just a few days to the pre-sale, can I still register and become eligible for the pre-sale? Is there an ongoing whitelist process including a KYC procedure?
Although your project will launch on BSC, I saw that from Q4 2022, you plan to commence work on the development of your own native blockchain network. Why will it be necessary to have your own blockchain despite the fact that we have many blockchains in the crypto space that have already been developed to address the challenges of earlier developed blockchain network? What problems have you identified in the blockchain industry and which of these problems is your blockchain designed to solve? When will this chain be ready to use and how do you intend to migrate your entire project ecosystem to a native blockchain when it is available to use?
You mentioned that protocolX offer a sustainance 1.77% daily APR with a monthly decrease of 10% and liquidity management system to avoid dumps. I want to know on what ground will users be eligible to earn 1.77% daily APR? Does protocolX support staking? Can you give please give details about staking on protocolX? Explicitly state the amount users have to stake to be eligible to earn this amazing offer of 1.77% daily APR? How do you determine the APR on a daily basis? Will users also have to stake to be eligible to participate in your voting system? If staking isn’t the main function for earning the APR can you then explain the criteria for it? Thank you
I discovered that ProtocolX is 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 might they have in your ecosystem? Given that most of us find these projects to be novel, how is your platform set up to actually benefit its users in this location? Kindly explain the purpose of your project.
This is a copy question.
Copy link: https://esatoshi.club/ama-satoshi-club-x-protocolx-august-8th/#comment-98255
According to your tokenomics, ProtocolX will launch with an initial supply of 50,000,000 tokens. You also indicated that PTX will have a variable supply, which means that it will keep rising as a result of the rebase token concept (there is no max supply built in at launch). Explain the rebase token model in this aspect. What principles govern the rebase token model? What methods are you using to prevent potential token inflation given that PTX doesn’t have a fixed supply? Will PTX burns occur throughout certain seasons?
This is a copy question.
Copy link: https://esatoshi.club/ama-satoshi-club-x-protocolx-august-8th/#comment-98262
It caught my attention that you are going to offer an APY of 63,632%. Is this APY fixed or will it be reduced gradually? Do you offer this rate for all users or is it only a privilege for top investors? Although a high APY is superficially attractive, users become doubtful about the longevity of the project when it offers a relatively high rewards. What about your condition? How do you manage to offer this percentage? How do you ensure that offering this APY will not negatively affect the future of the platform? Does ProtocolX have external sources of income? If yes, will that income be used to distribute these rewards? Is this high APY the only reason to choose ProtocolX rather than similar platforms?
Since your presale is tomorrow, I am curious to know about the procedure of the sale. You have highlighted that there will be a “fair” presale. What do you mean by “fair presale”? Do you blame that other platforms are holding unfair sales? You have announced the price of 1 $PTX as 0.06. Since you are only accepting BNB in the presale, it is not clear whether the token value is 0.06$ or 0.06 BNB. Moreover, the maximum buy per wallet is 225,000 $PTX. Can a single user create multiple wallets to overcome this limit? Do you offer any bonus tokens during the presale? How long will the sale last? What is your target for the presale?
In addition to the Telegram account, ProtocolX is available only on Discord, Twitter, Reddit and YouTube. Why don’t you have a website or a Medium? I could not find the Whitepaper or the tokenomics too. When do you make the important information such as the vision, token allocations and team members available to the public? Although operating a project by a fully doxed team does not matter, how can we find qualifications and experience of your team members? What are your future plans regarding revealing these information to community members and expanding the global community?
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.
I understand that you at ProtocolX have recently partnered with EGO (Equitable Growth Opportunity), an IaaS protocol on the BSC network that provides investors with a sustainable path to financial freedom. Can you comment on what we, the users of your platform, can expect from this partnership in the short and medium term? What changes and improvements will we see in ProtocolX thanks to your work with EGO?
Thank you so much!
What exactly will be the role of NFTs within ProtocolX? Do you have any special plans to integrate non-fungible tokens into the internal and external operation of your platform? What will be the benefits of owning ProtocolX NFTs?
Thank you so much!
Reading about you, it is clear that ProtocolX is developing a great Defi ecosystem with a focus on growth and sustainability by implementing a constantly developing, expanding and growing ecosystem that feeds each other. With this in mind I would like to ask: is there a particular market or region that you at ProtocolX are focused on developing more intensely, such as the Americas or Asia, or do you expect to expand homogeneously globally?
Thanks!
I found out that Protocol X is the first metaverse application portal
programmed using RUST language with source-generated gameplay and land economy model And Also There is some Parachain Map/Structure which is Little hard to Understand Can you Explaine how Parachain Work In X Protocol
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?
According to what I’ve learned, Protocol X is the first metaverse application gateway created utilizing the RUST programming language, with source-generated gaming and a land economic model. Can you explain how the ProtocolX’s parachain works?
XShare and XKeys piqued my interest. Can you shed more details onto these features? How are they connected with one another? Can you please differentiate them? 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?
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 is the most attracting 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.
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?
One of the problem ProtocolX is trying to resolve is Security and Scam,it is true that there are many loss of funds in the crypto space by hackers.So can you tell us what sort of technique ProtocolX have implemented to ensure that you platform will be free from hacks?And concerning auditing your smart contract,when do you intend to do so?I also noticed that there is also a 0.5% of $PTX token for Bounties and Airdrop.So can you please specify the exact amount allocated for both the Bounties and Airdrop?When will you Airdrop your tokens?And for the Bounties is about reporting Bugs,and is it open for all users of ProtocolX?Please explain Thanks
According to your roadmap,ProtocolX will have a Lottery System for $XSWAP token.So can you tell us more about your Lottery System and your motive of establishing it?Can you tell us the amount of $XSWAP tokens that you have set aside for your lottery system?When will the first official draw take place and what do we need to know to get into action e.g are there any requirements needed to be eligible for the Lottery?And will this lottery feature be done weekly or monthly?Please explain Thanks
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?
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?
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?
Let’s talk about your partnerships.You recently announced your partnership with ClubMonteCarlo and Sharity.So can you tell us what attracted you to them?What features will ProtocolX implement with the support of ClubMonteCarlo/Sharity?And how will both partnership help you in achieving your long term goals?Thanks
How exactly do you plan on curbing inflation in simple terms?
If rebases occur while the token price is going down, will I lose money from the token price going down?
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?
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?
I learned that ProtocolX aims to alter the game by establishing an ecosystem that is always expanding, changing, and feeding into itself.
Just a few of the services you’re offering include XSWAP, XShare, ProtocolX Buy Back (PxBB), Automatic Liquidity Router, and many more. I would appreciate it if you could provide us with more specific details regarding the functions that are offered on your platform. What advantages and uses may they have in your environment, if any? How is your platform configured to truly help its users in this place, given that the majority of us find these initiatives to be novel? Please describe the goal of your project.
From your roadmap Q4 2022,you plan on introducing gamFi to help promote the PTX/XSWAP token, kindly give information about this,will it be a PVP or PVE model?What are some of the features of the game? Will it be available for IOS and Andriod users ? How will users benefit from this new feature? Thanks
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, and What are some of the benefits of being an artist in your platform? You also mention that you’ll be adding good new projects in your launch pad,What kind of project will be accepted in the protocol X launchpad?thanks
ProtocolX pledges between 10% and 50% of pre-sale funds to TRADING BOT, through which sustainable emissions and all protocol expenses will be totally sustained by outside revenue sources via the Trading Bot Sustainability Mechanism. Can you explain how this TRADING BOT Sustainability Mechanism will work and how will the the 10% to 50% of pre-sale funds be utilized with the TRADING BOT? Lastly how would the Trading Bot Sustainability Mechanism ensure protocol expenses are totally sustained by outside revenue sources? Thank you.
It is said that XKeys are simply NFT representative of a token used for burn mechanisms. Also keys are entries to the lottery, upgrade NFTs, etc. How can we get this XKeys and is there a limit to the amount of Keys we can have/ lottery entry? Can you kindly explain how this Lottery system would work and the winning selection process? Lastly since XKeys represent XShare NFT, what are the opportunities/values XKeys unlock for user through XShare NFT in your ecosystem? Thank you.
Reading about this project some features of ProtocolX Ecosystem that caught my attention includes: Web3 website, Trading Bot Sustainability Mechanism and Outside Revenue Sources.
Can you kindly explain these features:Web3 website, Trading Bot Sustainability Mechanism and Outside Revenue Sources? How would they increase utility, unlock values, empower users and provide earning to users? Thank you.
I read from an article of yours that ProtocolX aspires to develop a large-scale ecosystem that is the future of decentralized finance and is here to change the game by
implementing an ever-developing, expanding, and growing ecosystem that all
feeds into each other. What are the competitive advantages of ProtocolX that makes it different from other Rebase-style protocol? Marketing is important in creating awareness and attracting more users and investors to projects like this, what are your marketing strategies to create awareness and attract more users and investors to protocolX and keep them for a long-term?
I saw your twitter account about ProtocolX and Vault Finance Partnership. Can you tell us more about this partnership? What do you stand to achieve from this partnership with development of your project? Who are your other partners and what positive impact has this partnership made on protocolX so far? Are you currently working on announcing new partners any time soon? What are your standards and focus for choosing partners ?
From your yeasterday’s AMA I found out that owning ProtocolX NFT (Xshare) provides holders a right to become shareholder to the company’s revenue. Is this somehow correlated with DAO where users might influence decision making process through being a part of community? How do you plan to fight against whales in shareholders list? Please also talk about any other initiatives to support and promote your community as a driving power of the whole project? Thank you!
Talking about your future plans and your roadmap, I see that you are planning to introduce and gamification. Please talk more about this initiative – what does it serve for? Who is the main target audience of this sytem and how will it help make the project strong and play for the interests of the whole community? Thank you!
I would like to know more details about Protocal Buy Back (PxBB) feature. Actually, how will the Buyback mechanism be implemented in $PTX token algorithm? How much percentage will you use to dive in to buy back system from ProtocolX Revenue? However, This will help to control the inflation on $PTX token at a satisfactory level but It cannot control the inflation only with Buyback system. So, Do you hope to conduct some manual burns in Future?
Staking and farming are passive ways of earning and ProtocolX ecosystem supports farming and staking. I understand that you make use of a dual token system, which is $PTX and $XSWAP tokens. Can you give more details about farming and staking of your tokens? How can users go about staking or farming your tokens? Is there a minimum amount of your token that can be staked or farmed? And what measures or strategies will you employ to ensure that staking and farming risks are minimised?
Your presale is starting tomorrow and would last for a couple of days. Can you give us more information about your presale event? You did say it will be a FAIR presale. How will you ensure that the whole process of the presale will be a fair one? The maximum token per wallet is 225,000 $PTX. Are users permitted to create more than one wallet?
Rebased platforms were trending last 2020 and mid of 2021, and this year rebasing was not been focused by some other platforms that being launched this year and now Protocol X is being introduce as best rebase project on the BSC /BNB network that offers a sustainable 1.77% daily APR with a monthly halvening of 10% and liquidity management system. So,could you explain more about the details of rebasing system of Protocol X? How does this rebasing system will give more profit to investors and users? Some of the rebased platforms were suddenly failed before so how do you plan to stay sustainable and stay longer in the market? Thank you
How many nft can a wallet mint?
Aside getting rewards what other advantage does the nft provide? does it give more voting power?
After going through the whitepaper, I must say that ProtocolX is a very wonderful project, having aspirations to develop a large-scale ecosystem that is the future of decentralized finance. With amazing features you’re offering such as XSWAP, XShare, Auto-rebasing token ( $PTX), XKeys and so much more which shows a very promising future for the project. It would be much appreciated if you can enlighten us and give us a comprehensive breakdown of your project and the features you have in place in your platform in order to shed light on this beauty of a project that is ProtocolX. Share with us your vision for the project and how your journey to ensure the success of the project has been so far. Thanks!
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 you envision this project will achieve in the future.
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
ProtocolX has its presale on August 10 at 1700 UTC. Can you give us the details of the presale? Is there a requirement 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 or others? Which does one need to have access to in order to buy the token? and finally, what is the next exciting milestone to look forward to after the presale?
In your Previous AmA Conducted on Satoshi Club Discord Server, 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… 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
A vast majority of crypto projects have little to no value except community sentiment and hype. Rebase tokens were one of the newest trends to hit DeFi. And giving the fact that your Platform ProtocolX is Also offering Rebase Tokens For its Users, As cryptocurrency investors, we are often pulled into the hype, and promises of exponential gains. However, it is important to understand how your Mechanisms works, we all know that the Market conditions is very unstable for Most Projects, and almost all of the Tokens out there are affect by it. so i would like to know how you plan on Protecting your Tokens from the Recent Downfall of the Market, how would you distribute your Rebase tokens to Holders of your token? What plans do you have for the Long Time Sustainability of your platform?
Talking about the DAO in ProtocolX
From what i was able to understand about your project, since ProtocolX is a
Revolutionary rebase protocol that is designed to provide a true financial incentive for those who engage in DeFi. It is known that the majority of rebase tokens are run by Decentralized Autonomous Organizations (DAOs), Decisions get made from the bottom-up, governed by a community organized with a specific set of rules enforced on a blockchain. Can you tell us how PROTOCOL X is going to carry it decision making in the ecosystem? Do you have a Governance token? or any holder of your tokens can participate in governance of the Project?
Talking about Your NFT.
From what i was able to understand in our Whitepaper, it was stated that Owning a ProtocolX NFT (XShare) is our direct share to the company’s revenue stream
as a whole, and this includes a revenue share model from the ProtocolX and any other future developments under the greater umbrella. First of all, i would like to know if these offer is available for All NFT holders in your platform. How much percentage of the Companies revenue Stream would holders of your NFT Receive? would the Commission of the Revenue increase by the Amount of NFTs a user is holding? If we want to get your NFT,
Can you tell us about the Best way of Acquiring it?
A website helps create brand awareness and showcasing your brand to prospective customers. It helps to establish your image by letting the audience know who you are and what you represent. But after going through your platforms Media, I searched for your Website but was unable to get it, i would like to know when you plan on Launching your Website. In addition, i noticed that ProtocolX Is still new, and it obviously needs a very Strong Community behind the Project. I would like to know what you are doing in terms of community incentive programs to bring in Users into your platform.
Let’s talk about the ProtocolX NFTs (XShare). As stated on your website, holding the ProtocolX NFTs (Xshare) is synonymous to owning a share in the company’s revenue stream. In addition to this, 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. In this course, tell us how governance works on the ProtocolX platform. How do we acquire the XShare and how is voting weight distributed amongst XShare holders? You had mentioned three Xshares: Dungeon door, Castle door and Egyptian door. Can you give a basic distinction between these three? What advantages comes with their upgrades? What are the subjects of proposal in the governance system? How will you ensure a free and fair voting system?
I will like to learn more about your partnership with Grow Your Ego (EGO), a platform that aim to promote a stress-free trading experience to user. You said this partnership will allow you to implement a Trading Bot Sustainability Mechanism for your protocol and you plan to pledge between 10% – 50% of pre-sale funds to the EGO Self-Develop Trading Bot. Can you explain how EGO bot will help you to achieve the goal of total sustainability from off-protocol revenue? How does this bot operate and why are you so confident of a third party bot that you are willing to deploy up to half of all fund raised during presale to it? And will this partnership opens up the possibility for users of your protocol to use EGO trading bot for their own assisted and personal trading?
Can you explain more about ProtocolX Decentralized Exchange why it is necessary for it to have a separate native token, XSWAP. What role will this token play in the operation of the DEX or is it the token that will be used to pay trading fees on this DEX? Will ProtocolX DEX only be used for swapping of assets in your platform tokens such as PTX, XSHARE and XSWAP only, or will it provide trading liquidity to a wider range of tokens on the BSC network? In addition, you said that you can host pre-sales on this DEX and provide a platform to establish new protocols. Does it mean this DEX will function as a launchpad? If so, how will sales be conducted on it? Aside this, what other features will this DEX have?
During my research on your project, I found out that you will be having the pre-sale of your native token on the 10th-15th of this month at 5 UTC with a hard cap of 20m $PTX. Can you please give more information about the pre-sale?. How much would each $PTX be? In what crypto currency do you accept payment? Can you please tell us the benefits or advantages of holding your token? Please tell us how to participate in the pre-sale? What is the basic requirements for participation? With just a few days to the pre-sale, can I still register and become eligible for the pre-sale? Is there an ongoing whitelist process including a KYC procedure?
You mentioned that protocolX offer a sustainance 1.77% daily APR with a monthly decrease of 10% and liquidity management system to avoid dumps. I want to know on what ground will users be eligible to earn 1.77% daily APR? Does protocolX support staking? Can you give please give details about staking on protocolX? Explicitly state the amount users have to stake to be eligible to earn this amazing offer of 1.77% daily APR? How do you determine the APR on a daily basis? Will users also have to stake to be eligible to participate in your voting system? If staking isn’t the main function for earning the APR can you then explain the criteria for it? Thank you
I discovered that ProtocolX is 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 might they have in your ecosystem? Given that most of us find these projects to be novel, how is your platform set up to actually benefit its users in this location? Kindly explain the purpose of your project.
In the long run, how can we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?
What are the plans on ground to drive adoption and mass use of the protocol x token