Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Enrex and our guest was . The AMA took place on the 7th of April.<\/p>\n\n\n\n
The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n
In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi Club!\nWe are happy to announce our AMA session with Enrex! Welcome to Satoshi Club<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Our Guests today are @vytautas_enrex and @julius_enrex<\/p>\n\n\n\n Hello welcome to Satoshi Club<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Hello Vytautas Co-Founder & CEO @ ENREX.<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Always nice to participate when there\u2019s a big crowd<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Hello and welcome to Satoshi Club guys!<\/p>\n\n\n\n How are you today?<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n I see you are excited for this <\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n We are excited to participate in Satoshi AMA. We will see\nhow it goes.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n So, let’s go <\/p>\n\n\n\n We will start with introduction part as usually<\/p>\n\n\n\n Please, introduce yourselves and how did you start with\ncrypto <\/p>\n\n\n\n Awesome experience!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Impressive Background<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n I am leading the operational part of Enrex when it comes to\nenvironmental commodities. Primary experience is within renewable energy\ncertificates, biofuels, green gas, carbon credits, carbon allowances.\nCommercial, regulatory and operational aspects. <\/p>\n\n\n\n My journey in crypto began during the first retail bullrun, somewhat mid 2017<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Oh, we got a lot of smart people in 2017<\/p>\n\n\n\n What is Enrex? It’s main goals?<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Ill take that as a compliment, haha<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Imagine a platform which bridges crypto with mandatory\nrenewable energy certificates and CO2 allowances for making every and any\ncryptocurrency green – a first of its kind DeFi gateway to a more than 300\nbillion dollar market.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n This sounds interesting <\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n the main goal is a one stop shop for your carbon emissions ,\noffsetting , speculating and integrating in other crypto ecosystem platforms.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Btw how many people are currently working on this project?<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n 12<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Who are in the team? What are their experience?<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n full time , we also have engaged advisors and experts<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Vytautas:<\/p>\n\n\n\n Vytautas Co-Founder & CEO @ ENREX 15+ years background in managing complex IT products in\u00a0 stages from idea to launch. Passionate in blockchain and creative thinking (41+ ideas validated within the past year).<\/p>\n\n\n\n In crypto from 2016 , reviewed and analyzed more than 300\nprojects in 2017\/2018. Passionate on blockchain and crypto ecosystem\u2026. Started as a trader with a small group of\npassionate crypto enthusiasts.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Sorry about the bot <\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Vidunas our CTO \u2014> More than 15 years of experience\ncoaching and leading tech teams (Sony\nInteractive Entertainment – Playstation, \nBarclays…). More than 6 years as a blockchain and crypto enthusiast\nwith the experience working in multiple crypto \nprojects as CTO\/Co-Founder and conceptual architect (Mysterium Network – raised over 14 mln. EUR\nIn 2017, HODL finance, Daratus\u2026).<\/p>\n\n\n\n Also we have experts from environmental sector , it , marketing … you can check our\nteam on linkedin<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n I see you have very professional team <\/p>\n\n\n\n Thank you for your intro guys!<\/p>\n\n\n\n We choose 6 questions from our community for the first part\nof our AMA ready to answer them?<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Yep<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram user @thisistoyin<\/em><\/p>\n\n\n\n Given the Fact that Enrex is Obviously focused on making cryptocurrency more greener and it\u2019s currency of the ecosystem is going to give it\u2019s users the opportunity to invest in CO2 allowances and renewable energy certificates. I\u2019m curious to know about the aspect of Solar Farms and renewable energy, is it that you\u2019re going to Build Solar farms yourselves? Or you will be sourcing renewable energy certificates from solar energy, hydro energy and wind energy producers directly? Please clarify. Furthermore, giving that your Platform is Related to DeFI, I\u2019d like to know about the Structure of your Project, is it a Centralized Platform whereby Decisions are made By your Team alone? Or is your Platform Decentralised whereby your community gets to participate & vote on decisions on Positve impacts of the path of the project?<\/em><\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Enrex will not build solar farms, nor develop projects. In\nother words – we are not primary market players. However, we will work with\ndevelopers of solar parks, wind parks, carbon projects to help fund their\nprojects. So while we will not build ourselves, we will closely work with\nbuilders to enable them to succeed. A very important aspect of this is the\nfollowing – currently most environmental projects rely on govvernment\nsubsidies. The more we can onboard natural real market demand, the more\nprofitable these projects become – the less tax burden every person encounters\nin the fight against the climate change.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n At the moment how many of such projects have you helped through\nfunding?<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Regarding the decision making process – currently the\ndirection of the project is decided fully by the team. However, as we move\nforward in expansion into more regions, more applications, more variability in\nprojects to support choices – we will include our community in the decision\nmaking process. We always keep open ears to everything our community has to\nsay, to feel the constant pulse when working together<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Excellent answer!<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n At the moment we have built treasury with environmental\ninstruments and while we are just launced, its over 10 different developers\nwithin recs and carbon offset space that received support (figure is somewhere\nbetween 10 and 20, wouldnt like to lie when asked on the spot)<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Great <\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for your answers! Ready to proceed?<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n always<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram user\u00a0\u00a0 @MudaraSilva<\/em><\/p>\n\n\n\n You have scheduled three sales, Early Round, Private Round, and Public Sale. Who are eligible to participate in each round? I noticed that only 1.4% has been allocated for the Public Sale and the price per token is more than 2x (0.007$) compared to the Early Round (0.003$). What is the reason for neglecting this round? Moreover, there is an allocation of 16.4% for staking and community rewards. Please briefly explain about the types of these community rewards<\/em><\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Early and private rounds were led by VCs. As for our\ndevelopment we needed to start building environmental instrument treasury way\nin advance, we had to make the decision to rely on more capital being raised at\npre-launch stage of the project. This allowed us to work on the product way\nbefore the launch. While we do understand that some might not like the idea of\nearly investors making up the bigger part, we had to make a choice:<\/p>\n\n\n\n 1. either we can launch with 90% of the product ready<\/p>\n\n\n\n 2. or we keep bigger part in retail and then provide no\nproducts for >6 months after launch <\/p>\n\n\n\n Clearly its a no-brainer decision in my humble opinion. We\ndont want to launch and show nothing for it<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n How much did you raise in the private rounds? Can you name\nus some of your investors?<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n As for staking and community rewards – we have already done\n3 airdrop campaigns as Enrex, and we like to collab with our partners. Our\nmarketing department also did some meme competitions to engage the community.\nHowever the more important part is the staking – upon launch we already have\noperational and fully auditing staking protocol. 30\/60\/90 day pools with\n30%\/60%\/90% APY accordingly. The biggest longest pool got filled almost\ninstantly so our devs and working on replenishing for more capacity<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Your decision is understandable in this case<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n $1.8mln early round closed almost instantly in the month of\nNovember<\/p>\n\n\n\n $5.4mln private round closed through November-February<\/p>\n\n\n\n Notable names: Delta Hub Capital, Next100, Crypto Oasis,\nBlufolio, Legion Ventures and of course GSR<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Great job congratulations!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Awesome <\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for your answers! Ready to go to the next\nquestion?<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Sure<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q3 from Telegram user @Highpee<\/em><\/p>\n\n\n\n Your project roadmap primarily began in the first Q2 of 2022 which start with token launch and staking launch. Can you explain how staking will be performed on Enrex and how users can maintain a positive environment impact while staking assets on your protocol? Also, from roadmap, your project events and activities are few and it ends at the last quarter of this year (Q4\/2022) after the launch of Enrex DEX. Does it mean that your plans for this project is restricted to this year alone? Apart from ensuring environmental sustainability, how do you intend to ensure your project continuous sustainability? What other medium-term or long-term plans will you introduce which can keep investors engaged to your protocol for long?<\/em><\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Thanks for the question Highpee. Regarding the staking we have launched it\nfrom the start as an utility after that it will be integrated directly to our\nmain applications , stakers will receive their incentives directly from\ncollected fees on offsetting application, exchange , and environmental api.<\/p>\n\n\n\n Julius Enrex.io<\/strong><\/p>\n\n\n\n Highpee, lol<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n Stakers will receive $ENRX as incentives to offset their carbon emissions.<\/p>\n\n\n\n Regarding the roadmap we are not restricted by only this\nyear as we see lots of different use cases to be implemented in the\napplications that we are working on. For example to get better exposure in the\nmarket we are launching a web activity offsetting widget this month. Anyone\nwill be able to add a widget on the website with a freemium model.<\/p>\n\n\n\n Vytautas<\/strong><\/p>\n\n\n\n