Coinrexi x Satoshi CLUB AMA Session 18 Dec 2020

Coinrexi x Satoshi CLUB AMA Session 18 Dec 2020

Coinrexi token is used to facilitate transactions for products, goods and services. Another product that has been developed is the Coinrexi Marketplace

PART 1. Introduction of Coinrexi project and community questions.

Hello, Satoshi clubbers and guests of this site. We are pleased to present you a project called Coinrexi.
This crypto project has several products that are being developed to bring cryptocurrency to e-commerce. The primary product of development has been the CR token, which is used to facilitate transactions for products, goods, and services. Another product that has been developed is the Coinrexi Marketplace; this is a decentralized platform where users can buy or sell products using CR tokens and other cryptocurrencies like BTC and ETH, Additionally, COINREXI (CR) is actively developing a revolutionary mobile mining app that enables smartphone users to mine CR token by simply downloading the Coinrexi app on their device.

The plan of AMA session:

  1. Part – Introduction and preselected questions.
  2. Part – Live questions
  3. The Quiz about Coinrexi

The reward pool is 600$

The AMA presenters are our smart and fun administrators:

Mary | Satoshi Club – @madamlobster and D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Lisa Green – @lisagreencoinrexi – Group moderator @coinrexi Crypto expert | investor | Consultant

Introduction of Coinrexi project

Mary | Satoshi Club:

Hello, Satoshi Club! We are happy to announce our AMA session with Coinrexi! Welcome to Satoshi Club😀

D| Satoshi Club:

Hello Satoshi Club! 👋 @Alexandertimayev @bryaniAndre how are you doing guys? 😊

Lisa Green:

Hello everyone

Mary | Satoshi Club:

Hello and welcome here 😀 How are you today?)

Lisa Green:

Thank you. We are good today and you?

Mary | Satoshi Club:

I am fine as well! Let’s start our AMA)

Lisa Green:

Alright

Mary | Satoshi Club:

Could you please introduce yourself and Coinrexi project? 😀

Lisa Green:

Ok, I’m Bryan Andre the project manager for Coinrexi.

Coinrexi is the project developed to cut costs on transactions and speed up the processes involved in transactions. Removing every form of third party payment integration making the process less stressful and easy to use.

Lisa Green:

With me is our COO Mr. Alexander

Mary | Satoshi Club:

Great😀 it’s ambitious) Sure, he can write in the chat also😀How old is Coinrexi?

Alexander Timayev:

Hello Mary.

Mary | Satoshi Club:

Hello, Alexander😀 How did you get involved in Coinrexi?😀

Lisa Green:

Coinrexi has been a plan for about a year now, but we stay making moves in September this year.

Mary | Satoshi Club:

Got it😀 nice moves👍

Alexander Timayev:

Well, I’m the chief operating officer.

D| Satoshi Club:

Sounds good! 👍 thank you for the intro guys! are you ready to hear questions from Satoshi Club? 😊

Lisa Green:

Seems Alexander wants to give us a full description of himself 😊

Mary | Satoshi Club:

Oh, of course 👍

D| Satoshi Club:

Sure! we can wait 😊

Alexander Timayev:

We started this project in September. I met my partner Bryan at a crypto conference in the UK. we had the same goals to develop a token that makes transactions seamless.

D| Satoshi Club:

Nice! awesome goal! transactions on Ethereum are very painful for everyone now😄

Mary | Satoshi Club:

Yes, I see conferences bring us a lot of great ideas and partnerships 😀

Mary | Satoshi Club:

So, guys, ready to start with the questions from our community? Yeah, since the growth of blockchain technology. Many people have been trying to solve second order problems that may arise in the world of digital currency. So we started this project looking forward to making a huge impact on the market.

Lisa Green:

Yea. We ready for the questions let’s begin 🚀🚀

D| Satoshi Club:

Let’s gooooo!

Preselected questions about the Coinrexi.

D| Satoshi Club:

Q1 from Telegram user @yiselen

I understand that participants who write up for the pre-sale will receive 5x $ CR token as an air-launch in the Token distribution that will be on January 1, 2021, what requirements should I meet to participate, and when this distribution would be interchangeable?

Lisa Green:

Yea this is for investors who participated in the presale and purchase up to 10eth worth of $CR we will be using this as an Airdrop to investors with large some of the token in their possession.

Mary | Satoshi Club:

So, it will be like a very sweet bonus)

Lisa Green:

Also with the launch of our marketplace by January, this will be great to start getting the token globalized.

Alexander Timayev:

Yes, sure.

D| Satoshi Club:

Your presale is running now?

Lisa Green:

Yes it’s on already

Mary | Satoshi Club:

Great, so everyone can join and get Airdrop later😀 if they can afford 10ETH, of course)

D| Satoshi Club:

You can drop a link in the chat if you want about pre-sale and details.

Alexander Timayev:

https://coinrexi.io

Lisa Green:

🚀COINREXI $CR Presale is LIVE.

Coinrexi is an e-commerce based token that is designed to help bridge the gaps in transactions.

Learn more about the project in this blog:

https://coinrexi.medium.com/overview-of-the-coinrexi-whitepaper-5fba92b1e080

💡 TOKEN INFORMATION:

▪️Project Name: Coinrexi

▪️Symbol: CR

▪️Token Blockchain: ERC-20

▪️Total Supply: 100,000,000 CR

▪️Features: Decentralized finance, liquidity mining

💡 TOKEN PRESALE DETAILS

Presale Supply: 20,000,000 CR

Presale Price: 0.000049 ETH (21300 CR = 1 ETH)

contributions.

Softcap/Hardcap: 300 ETH/1000 ETH

✔️Min/Max Buy: 0.3 ETH/200 ETH

💡 Connect with us on our official social media channels:

Follow us on Twitter:

https://twitter.com/coinrexi

Join our official Telegram Group: https://t.me/coinrexiupdates

Mary | Satoshi Club:

Thanks😀

Lisa Green:

This is a full and detailed overview of the presale

D| Satoshi Club:

Nice! thank you for your answer! I think we can go forward to the next question?

Lisa Green:

0.3 eth is the minimum purchase for the presale. Ok 👍

D| Satoshi Club:

Q2 from Telegram user @Cakelov

From your whitepaper, I read that you want to create a place like eBay, Amazon, etc which bring together buyer and seller in one convenience marketplace using payment Coinrexi Token, actually, it’s really nice but are there any requirement for the seller to join in your platform? Or all sellers from around the world can join in Coinrexi marketplace? How did Coinrexi choose their alliance (seller) to join? because its possible some of them are trying to scam the buyer

Lisa Green:

This is the core value of Coinrexi as a project built with blockchain technology, considering the existing platforms Coinrexi is bringing a different view to e-commerce.

  1. Adding blockchain to the e-commerce process
  2. Transparency in transactions from buyers to sellers is to stop every form of scams

Mary | Satoshi Club:

Will you have any special requirements for sellers to join?

Lisa Green:

The requirement will be close to that Brave browser, that is facial identification, ID card of state, or driver’s license.

Mary | Satoshi Club:

Got it, thanks!

Alexander Timayev:

Well, there are currently no requirements for sellers to join. They only have to choose CR as their medium of payment. Since our goal is to make transactions on e-commerce seamless for our customers, we only choose sellers that are willing to accept CR as their only medium of payment. So with this in place transparency in transactions can be achieved so there won’t be any scams.

D| Satoshi Club:

Ok, got it

Mary | Satoshi Club:

Ready to go to the next question?

Lisa Green:

Yes

D| Satoshi Club:

Q3 from Telegram user @KevSalom

Since $CR is a token that works with the Ethereum network, it is mandatory to ask: How much will be the fee for each transaction? How expensive will it be to pay with $CR in any business (physical or digital) that accepts this token with a payment method?

Lisa Green:

The fear of gas fees is what many people have talked to us about, but our plan is to collaborate with other large e-commerce platforms to increase the transaction speed which in turn will reduce the expenses for our customers

D| Satoshi Club:

How you will do this? Do you have a new approach and technology?

Alexander Timayev:

Just like how the lightning network creates a smart contract between two users that’s secured with initial capital deposited on the blockchain. Any disputes which come up will be settled automatically, this technology will be adopted and will speed up transactions heavily.

Alexander Timayev:

Just like the bitcoins SegWit, we will take similar measures to speed up transactions, which inherently results in lowering the overall transaction fees. we will also consider building networks that would rapidly process transactions and reconcile them.

Mary | Satoshi Club:

Thanks, guys! Ready for the next question?

Lisa Green:

We’ll just have to say it here, we’ve already partnered with three large platforms in the space Jumia an Africa giant in e-commerce, and two others in Asia. We are currently working on our API which will be used as a for payment on their platform by next year. Our developers are on this as we speak. Yes.

D| Satoshi Club:

👍 Great!

Q4 from Telegram user @samuelstook

According to your whitepaper, Coinrexi claimed that “Our members’ privacy is of the utmost importance”. In the next chapter, in the Solutions for sellers section, there are Advanced Customer Analysis Tools, which are mechanisms to constantly gather, analyze, and process customer data. Aren’t those two sentences a contradiction? How do you secure buyer privacy while you provide analysis to the seller using this data?

Lisa Green:

Yes, that’s true. Every application that will be used in the Coinrexi market place will be developed by our developers, this is to ensure security for our customers, every data in the system is only available to the community

D| Satoshi Club:

How many developers in your team?

Lisa Green:

We have a team of 8 members working with us, 1 Blockchain developers, 2 web dev’s, 1 project manager than the others are the co-founders.

D| Satoshi Club:

Good number. you have all people you need to make a good product 👍

Lisa Green:

Thank you

Mary | Satoshi Club:

And I found on your site these🤷 80 team members?

team member

Lisa Green:

Wow this is quite a typo from our developers

Mary | Satoshi Club:

Oh, got it😂

Lisa Green:

It’s 8, not 80 sorry guys

Mary | Satoshi Club:

Thank you! Ready to go to the next question?

Lisa Green:

Thank you for that. Yes.

D| Satoshi Club:

Q5 from Telegram user @Arisabela

In your whitepaper tokenomics for $CR, 400% of tokens are destined to the team. Wow! That’s a huge percent. Is it a mistake or something? By the way, how big is your team?

Lisa Green:

That’s 40%, not 400%  we’re just eight in number for now although we have plans on adding more members in the future

Mary | Satoshi Club:

Oh, some typos. I see, this question was partially covered before, so, can we go to the 6th and last from this part?

Alexander Timayev:

We are really sorry about that 🙏🙏

Lisa Green:

Alright continue

D| Satoshi Club:

Q6 from Telegram user @GoldRocket27

I was interested in the fact that you want to release a mobile mining application, but at the same time, you say that it is not really mobile mining. Please clarify how much the smartphone will be loaded, what will determine the number of coins received?

Lisa Green:

Most people get confused 🤷‍♂️ with this part, alright it also under our 12% airdrop for the community to be mined with their mobile phone. Thank you for the questions.

Mary | Satoshi Club:

And thank you for your answers 👍 Ready to go to the live part?

Lisa Green:

Alright.

D| Satoshi Club:

Thank you, guys! now we go to the second part – live questions! We will open chat for 120 seconds.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the Coinrexi project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the Coinrexi project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Winterkom

The CoinRexi team wants to develop an app that allows you to mine $CR directly from a smartphone, my question is, is this really effective on mid-range smartphones?

Alexander Timayev:

Yes, it will be. it will be optimized to work on mid-range smartphones.

Q – 2 from a telegram user @justgata

The Coinrexi Marketplace plans to launch in January and February 2021, and it is defined as a decentralized version of eBay or Craigslist. What type of products will be available in the Coinrexi Marketplace? What currencies will be available to buy and sell these products? Can only the CR token be used?

Lisa Green:

The market place is full e-commerce every category in the live market place will be featured with time.

Q – 3 from a telegram user @DiegoRME

I have not yet bought my CR tokens but I don’t know how I can obtain these tokens, so can you tell me the steps to participate in your presale and what would be the price of the token, and what would be the minimum amount I can buy?

Alexander Timayev:

Okay, you can buy our token on our website.
STEPS
FOR METAMASK USERS

1. Click on Your MetaMask Extension and connect your MetaMask wallet with this web page and refresh the page.

2. Enter an amount of ETH you want to invest, then click “BUY CR” Tab and confirm on MetaMask.

FOR TRUST WALLET & MEW WALLET USERS

1. Send ETH to the COINREXI (CR) Presale address “0x8dd2f84C4d2E5D6E0Cb3F14A6Fa8cc20c936798d” from a non-custody wallet (MEW, Trust wallet, Metamask). Do not send Eth from an exchange.

Q – 4 from a telegram user @leixagarcia

The CR mobile application will allow us to extract the CR token simply by downloading it. Will this be forever? Or is it a temporary promotion to win more users?

Lisa Green:

This is to increase our user base, it not forever it’s about 12% on our token metrics.

Q – 5 from a telegram user @PyaraLarka

Ethereum gas fee is so high for ERC20 tokens at the moment so what are the minimum limits to buy $CR tokens in pre-sale?

Alexander Timayev:

0.3 ETH is the minimum.

Q – 6 from a telegram user @Smartosky1

You said earlier that you’ve collaborated with the Jumia online store in Africa, will you also have physical stores so as to also positively impact the non-crypto market?

Lisa Green:

Our API comes with a web3 integration so that will be added to the Jumia application to enable any crypto user to purchase products with our token.

Q – 7 from a telegram user @Alika061

When can operators start accessing the platform and registering for the #CoinRexi network and when
will be the launch of the #CoinRexi market, then how will investors benefit when following the pre-sale of the $CR token, has the $CR token issued a price for the $CR token?

Lisa Green:

Ok, right now the minimum price is 0.3eth for investors who purchase with up to 10eth as we have promised 5x on distribution which is on 1st of January 2021.

Q – 8 from a telegram @cryptovgh

In E-commerce recently we are facing the issue of inflation. How are you going to overcome this major issue with CR? Do you have any plans to overcome this?

Lisa Green:

This is why the project was developed to solve all this issue of inflation, what ever price a product has in the market place won’t be tempered due to inflation.

Q – 9 from a telegram user @adamlike

Bitcoin has very old tech and inefficient in energy usage. Can you tell me what techs make Coinrexi better than its competitors??

Alexander Timayev:

we are aware of this and we are working towards that too. how are we doing this?……..we are going to adopt proof-of-stake validation instead of the proof of work which consumes more energy. This proof of stake involves giving a person validation or mining privileges that relate to how many cryptocurrency coins they have. when people start to take part in the method, then cryptocurrency will have to surrender to do so, similarly to holding them in an escrow account. so if people fraudulently validate a transaction on the blockchain, they lose their staked coin, and also their ability to approve future blockchain entries.

Q -10 from a telegram user @Missqueen2601

Currently, most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice on why they should buy and hold this token/coin in the long term?

Alexander Timayev:

Well, from the direction the world is going to. buying CR tokens will give you the power to make transactions on our e-commerce platforms. we will also take actions that will align with the client’s risk and return profile. we will adopt decentralized asset management which will focus on investment advice.

Part 3 – Quiz about project

In the final part, we would like to check your knowledge in terms of the Coinrexi project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 400$ was distributed between the winners.

Our contacts for more details: 

English Telegram group | Russian Telegram group  | Spanish Telegram group  | Telegram Channel  | TwitterWebsite 

Our Crypto Partner by this AMA: Coinrexi

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

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