COINX x Satoshi Club AMA Recap from the 10th of May

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 COINX and our guest was . The AMA took place on the 10th of May.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community! We are pleased to announce AMA with COINX

Pavel P

So, here we are! Welcome to our first AMA for today!

Let us welcome our guests!

Gold Rocket | Satoshi Club

Today our  guests are

@dominic_cnx

@DannyBotTr

@benjavision

@CNX_JEF

@dletsch

Dominic Letsch

Hello, thank you for having us

Pavel P

A hockey team!

Welcome to Satoshi Club!

Benji

Happy to be here with you guys!

Gold Rocket | Satoshi Club

Hello and welcome to Satoshi Club, guys!

Pavel P

And we are excited to hosting this AMA. And looking forward to a great conversation

So, how are you doing, guys?

Dominic Letsch

Thank you for asking. I am doing fine! How are you guys doing?

Gold Rocket | Satoshi Club

We are honoured to have you here today

Benji

I’m doing great what about yourself?

Gold Rocket | Satoshi Club

Let’s start with the introduction to warm up.

Jeff CNX

very good and very busy with our presale

Pavel P

Great! Let’s start!

Dominic Letsch

Sure, bring it on!

Gold Rocket | Satoshi Club

Introduce yourself please. How did you get to be involved in crypto & COINX

And about your position in COINX

Dominic Letsch

My name is Dominic Letsch, and I am currently the CEO of CNX-Network. I started with crypto in 2014 when I first discovered Bitcoin. At that time it was quite hard to get BTC, but from there on I was already really interested in blockchain technology and its benefits.

Gold Rocket | Satoshi Club

Great background

Dominic Letsch

I started CNX-Network because I want to help people out worldwide.

The biggest issue that I was facing in today’s world is that most of the online companies are taking advantage of people. Charging way to high fees because they know they have a monopoly in this section. I am talking about all kinds of platforms in which people get their jobs from or applications which are used a lot in daily life.

So there was my question: Why can’t we create an ecosystem of all of the existing platforms, with almost no fees, which are helping people out in daily life, running on our own blockchain and crypto currency. This way we can help people with low incomes to also make the world a better place for them.

So what I want to achieve is a network that is helping people out.

Dominic Letsch

So what we actually want to do is recreate the most used applications/ platforms and make them ours, running on our own blockchain and crypto.

Pavel P

Social orientation worth respect!

Gold Rocket | Satoshi Club

this altruism is very commendable

Dominic Letsch

Thank you very much. We appreciate that

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of COINX

Dominic Letsch

Well, thank you for asking. We are creating an utility network with applications which are mostly encrypted, interconnected and same interface looking applications which are mostly used in daily life.

In the future, CNX-Network will create at least 100 applications which are as self-sustainable as possible and which are all interconnected within the CNX-Network. With just 1 login, you will be able to access all utilities while being protected with our secure authenticator application.

Gold Rocket | Satoshi Club

This sounds ambitious.

Dominic Letsch

We try to finish these 100 applications in a time period of 2 years. We will try to make these applications as self sustainable as possible so we won’t need a lot of employees to do the work for us. This way we want to try to avoid high fees as much as possible.

Pavel P

Could you give an example of such applications? The original ones, I mean

Gold Rocket | Satoshi Club

Also we would like to know more about your team. Who is on the project team core?

Dominic Letsch

Thank you, we have already prepared a lot and we also have a lot of Ui designs ready for the next phase of our mission.

Yes I can. For example, fiverr is a self sustainable platform. But they are charging outrageous fees to the people who are doing projects for their customers. We have investigated a lot of applications and we noticed that they all are asking fees from at least 20%, which is ridiculous of course. They are taking advantage of workers in poor countries for their own benefit.

Benji

Most of our core team has been doxxed and can be found at the end of the whitepaper. Dominic is the ceo, started with a vision and working on realizing the network and apps. Chris is our chief technical officer. I’m currently the chief marketing officer. Clarence makes sure the right people are occupying the positions within the team. Bilal makes sure the system is secure.

Gold Rocket | Satoshi Club

Thanks for sharing

Benji

Besides our core members we have a great team of developers who ofcourse can’t be left out

Dominic Letsch

Another example is IT recruiters. They are asking way to high fees to associate them with projects of their clients. I want such kind of applications to be almost free of charge, but they all need to be paid in CNX.

Gold Rocket | Satoshi Club

we see that you managed to create a dream team

Pavel P

Great introduction, guys!

Let’s the questions from our community members that were selected for you

Are you ready?

Dominic Letsch

We also already have created a real cool recruiters platform, this is one of the 25 utilities we want to bring out before the end of this year.

Bring it on.

Benji

Ready when you are

Pavel P

Q1 From Telegram User @Danylko_UA

Due my research on CoinX, looking at the aim and visions of the platform, with no doubts, CoinX is doing a good Job and I am very much interested in CoinX. To get started on the platform, I observed that a user needs to invest first. You had mentioned four different investment packages: Pack 1, Pack 2, Pack 3 and Pack 4. I would like to know about each investment package (Give a basic description of each). What is the amount of funds needed to get started with each Pack? What is the benefits/incentives tied to each of these packs? Is it possible to subscribe for more that one investment package a single account?

Dominic Letsch

Well a few questions are asked in here. Lets start with the packages!

Well like you see we have 4 different kinds of packages, but custom investments are also possible.

Investment rewards package of 35 USD:

– Free VPN for lifetime with your CNX account.

– 10% bonus for CoinX Miner App who have joined since 30-04-2022

In the second package from 350 USD we have the following investing rewards:

– Free VPN for lifetime with your CNX account

– 10% bonus coins for CoinX Miner App users who have joined since 30-04-2022

– CNX-Visa Card

– We have a limited offer in which the investor will get a physical coin that comes with a NFT. Only 1.000 of them will ever be made. This NFT will be shown in the WalletX application under the section “NFT marketplace”. This is not available yet, but we predict that this will be launched somewhere during the presale. We first have to test everything properly.

In the third package from 3,500 USD we have the following investing rewards:

– Free VPN for lifetime with your CNX account

– 10% bonus coins for CoinX Miner App users who have joined since 30-04-2022

– CNX-Visa Card

– Free Netflix and Disney+ for 1 year

– 7% staking rewards per year

– 8% cashback in advoucher money

We have a limited offer in which the investor will get a pure silver coin that comes with a NFT. Only 500 of them will ever be made. This NFT will be shown in the WalletX application under the section “NFT marketplace”. This is not available yet but we predict that this will be launched somewhere during the presale. We have to test everything properly.

In the third package from 35,000 USD we have the following investing rewards:

– Free VPN for lifetime with your CNX account

– 10% bonus coins for CoinX Miner App users who have joined since 30-04-2022

– CNX-Visa Card

– Free Netflix and Disney+ for 1 year

– 12% staking rewards per year

– 14% cashback in advoucher money

– CNX-VIP member + CNX VIP NFT

– We have a limited offer in which the investor will get a 24K golden coin that comes with a NFT. Only 50 of them will ever be made. This NFT will be shown in the WalletX application under the section “NFT marketplace”. This is not available yet but we predict that this will be launched somewhere during the presale. We have to test everything properly.

These packages are only for the presale.

Dominic Letsch

Then lets go to the second question in Q1!

What is the benefits/incentives tied to each of these packs?

Gold Rocket | Satoshi Club

Go ahead

Dominic Letsch

This question I already have answered above in the packages

Dominic Letsch

Is it possible to subscribe for more that one investment package a single account?

No it is not possible to purchase the same package for one person of the same price, but it is possible to upgrade a lower pack to a better pack, for example if you have purchased a 35 dollar pack and want to upgrade to pack 2, the 350 dollar pack, you would have to place a new order for at least 315 dollars. With only the exception for the limited edition coin that is in each pack.

To explain this further: Users will only be able to receive 1 limited edition coin. This will be determined by the first pack that they have purchased. So with the purchase of a 350 dollar pack. And an upgrade to for example the 3.500 or 35.000 USD pack you will only get one of the 1.000, ‘350 dollar package’ coins. Not the 35.000 USD 24K golden one.

This also counts for the NFT!

I think I have just answered all of your questions in here. Do you guys have any further questions?

Gold Rocket | Satoshi Club

Clear answers

Gold Rocket | Satoshi Club

Thanks

Pavel P

I think we’re good here! Let’s proceed to the question nr 2!

Dominic Letsch

Good to hear!

Pavel P

Q2 From Telegram User @ghostofcharmeleon

On the first page of your website, you are offered to buy your token on the presale. I went to the page of packages for participation and noted such a moment that all investment packages, except the cheapest, assume NFT in their availability. Tell us what this NFT gives in the future and what kind of usability it will have? Are the NFTs in these packages different or are they the same?

Dominic Letsch

Well to answer the first part of your question, this NFT is a gift from us during the presale. In a later phase people would be able to sell this NFT. But you have to see this as a thing which only presale participators can have. So they are limited editions and are only available for the people who believed in us from the start of our project.

Pavel P

So what are the requirements tot get NFTs? Only to take part in PreSale or the necessity to spent certain amount of money?

Dominic Letsch

For the second part of your question. They are all different and they have a different label. We have the Bronze label NFT (350 USD investments), the Silver label NFT (3500 USD investments) and the gold label NFT (35000 USD investments). There is actually a fun fact, the physical coins you get from the investment reward is linked to this NFT. So the physical coin and the NFT are connected to each other.

Gold Rocket | Satoshi Club

Btw please share your roadmap with us

Dominic Letsch

Sure, give me a moment!

Benji

There are for example 1000 bronze coins/ nft’s available. The first 1000 investors who have purchased the 350 pack will receive the coin and NFT. Same goes for silver and gold coins/nft’s

Dominic Letsch

On page 42 of our white paper you can find our roadmap! Link: https://cnxnetwork.org/static/media/whitepaper.2c8e0e4e3ce18f4377fe.pdf

Gold Rocket | Satoshi Club

Amazing

Pavel P

Thanks, guys! Let’s check the 3rd question if you are ready

Dominic Letsch

Thank you

Pavel P

Q3 From Telegram User @NataliyaKil

According to the information in the roadmap, CoinX has been around since 2020. And you offer us in the beginning of the project a range of 7 quintessential apps. But already for the 3rd quarter of 2022, you planned testing 25 utility applications at once, and their launch for the 4th quarter. Can we see somewhere a complete list of applications implemented so far and planned for 2022? In addition, you say that CNX offers the possibility of the network to expand beyond 100 applications. Approximately over what period of time do you plan to reach this number of applications?

Dominic Letsch

We have worked hard on our white paper!

Lets answer the first question. No, due to business sensitive information we have not released a complete list of the 25 utility applications which are planned for this year. Currently only 7 of them can be found on our official website https://cnxnetwork.org

There will be polls posted in the official channels where the community can choose and suggest utility apps. The community will have a large input in which apps will be made first.

Dominic Letsch

Secondly

Our vision is to have the 100 utility applications ready at 30-04-2024 (Approximately 2 years from now). The apps will all be released one by one in the same time period. We have a big team of developers already working on these applications as we speak.

Gold Rocket | Satoshi Club

Sounds great

Dominic Letsch

We will create all kind of applications that will benefit people all around the world!

Dominic Letsch

With CNX as a payment method.

Gold Rocket | Satoshi Club

Thank you very much for your clarifications and also for the fact that you want to make our world a better place.

Gold Rocket | Satoshi Club

Are you ready for the next question

Dominic Letsch

Alwayss

Pavel P

Q4 From Telegram User @thisistoyin

Browsing through your Road map, in 2022 Q2 Which was the Launch of wallet X. However, i learnt that the Wallet X has been launched already, and while trying to access and Test it functions via your site, i was unable to proceed with signing up, because as i was asked to invest before being able to get an Account. Therefore i’m curious to know about what it takes for users to invest, can you please state the procedures and requirements that’s is needed before been able to get access to the Wallet X? I would appreciate it, if you can tell us about the full functionality and utilities of the Wallet X? Furthermore, i noticed that the mobile application is yet to be available for downloads, when should we we expect the mobile version?

Dominic Letsch

Currently, the only way to get access to WalletX is to invest during the pre-sale. This is an early access for people who believe in our project and who will see us grow. Later on, when WalletX has developed to the next stage, other users will also be able to create an account and use WalletX. We expect this to be done in the next quarter.

In the wallet you can store your crypto’s. You can also transfer coins and tokens from 1 wallet to another wallet. At some point we want to transform this wallet into an exchange. CNX-Network is a network of applications and platforms, so we want simple payments through our network. So it should be possible to make transactions easily through this application with your authenticator app and the right amount of CNX in your wallet.

We are not talking about CNX only, but also crypto’s like Bitcoin and Ethereum.

Gold Rocket | Satoshi Club

thanks for the answers.

Dominic Letsch

You’re welcome

Gold Rocket | Satoshi Club

but what about security

have you conducted any audits of smart contracts

Dominic Letsch

Well our authenticator application is already a security in our network. Next to this, we have a team of very qualified developers who are taking care of the security so it is always up-to-date.

Pavel P

I think, it is essential to know that everything is secured!

Gold Rocket | Satoshi Club

Thanks for clarifying

Dominic Letsch

CNX is running on its own blockchain. It is actually a smart contract in our own blockchain and our developers are continously checking each others work, so the security will be as a high as possible.

Gold Rocket | Satoshi Club

Are you ready for the next question?

Dominic Letsch

Bring it on!

Pavel P

Q5 From Telegram User @Anne_Tim

VISA and MasterCard are marked as official partners of CNX network that provides an additional trust to project perspectives. What additional advantages do these partnerships provide to CNX users? Is it all guarantees mass adoption and the expansion of utility fields? Can the VISA and MC holders pay using CNX token or the conversion to traditional currencies? Thank you!

Dominic Letsch

Let’s start with the first question, what are the advantages for the CNX users.

Users can use their VISA or Mastercard to make payments through the internet worldwide. VISA and Mastercard are one of the most used payment methods all over the world. So in this case, the users can take adventage of the world wide benefits which are provided by VISA and Mastercard.

Yes, users are able to purchase and use their VISA and Mastercard in everyday use, so they can also use it to convert their CNX tokens into Euros and USD in the WalletX application.

Gold Rocket | Satoshi Club

great usecase

Thanks for your great answers

Dominic Letsch

This way, you can easily swap your current tokens or coins into a currency, like usd, which can easily be deposit from the WalletX application into your card.

Gold Rocket | Satoshi Club

for many users this feature will be very important

Are you ready for the last question of this part or you want to add something?

Dominic Letsch

It is an easy and quick way to deposit money to your card

Yes, bring it on!

Pavel P

Q6 From Telegram User @Billz120

Hello Team Coin-x – it caught my attention while reading on your website that in the Promotion Phase of Coin-x, users are presented with the opportunity to mine CNX- Coins for free on the Coin-x Miner App, for only a limited amount of time and for a limited amount of people. Please will like to know, is the Promotion Phase of Coin-x still open for mine ? Could you explain to us the time duration allocated for mining to users after which the free mining of Coin-x will end ? I read that there is a limited amount of people for this free mining of Coin-x, Could you please tell us the actual number of people targeted for this free Coin-x mining during the promotion phase ? Lastly, Is there any special criteria as to eligibility to qualify to be amongst the limited number of people for free Coin-x mining ? Please explain to us

Dominic Letsch

Is the CoinX Miner App still open for mine?    Yes it is, because it is a great way to extent our community, but it will close in a short period of time.

To be exact, there can only be a limited amount of active miners on the coinx miner app. If this limit is exceeded, new miners and miners that come back after not having mined for a while will be placed into a waiting list and will have to wait their turn to mine. This way we give everybody a chance to mine. But like we said, this mining app will be closed very shortly.

Gold Rocket | Satoshi Club

Pretty original solution.

Dominic Letsch

We have reached a community of 250K+ users at the moment with this application. Our plan is that we are giving away 1% of the total supply.

Gold Rocket | Satoshi Club

not bad

Dominic Letsch

Thank you! We are really happy with our community and we appriciate them that they are helping us to grow.

Gold Rocket | Satoshi Club

Thanks for this great first part of AMA. Can you please share with us your useful social links

Dominic Letsch

Yes!

Dominic Letsch

Facebook: https://www.facebook.com/coinxminer

Instagram: https://www.instagram.com/coinx_miner/

Telegram: https://t.me/chatcoinx

Linked in:  https://www.linkedin.com/company/cnx-network-lte

Twitter: https://twitter.com/coinxofficial_

Youtube: https://youtube.com/channel/UCnNkwmBgSenPXwQhaA9h2EQ

Pavel P

And here is the end of Part 1!

Get ready for some action now!

We will allow our community members to ask their questions LIVE

Dominic Letsch

Allright, let’s begin!

Pavel P

We will open chat for 120 seconds. Once we close it back please choose 10 questions to answer

Please do not answer any questions during the storm

Pavel P

Opening chat in 5!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @UAEhamdan

What are the available payment options to participate in the pre-sale to buy your token ??

Dominic Letsch

This is a good question. Let me answer that:We accept payments in Bitcoin, Ethereum, USDT ERC-20, USDT BEP-20 and USDT TRC-20

Q2 from Telegram user @lattebuck

How many people are in the core team COINX project and what is the experiences of the team before this project?

Dominic Letsch

I also really like this question, let me answer to that as well:In the core team we have 7 members, in the team we also have 7 members and on top of that we have 6 developers who did not want to be in the whitepaper. You can see our pictures on www.cnxnetwork.org/whitepaper

Q3 from Telegram user @Nhairym

The community is essential to achieve a solid evolution, what kind of participation does the community have in the platform’s management, how do they plan to attract new partners and collaborators, and what tools do they give their users, investors and developers so they can obtain real profits, How can we have passive income in CoinX, which networks can operate their protocol and what structure must the applications have to be admitted in CoinX?

Dominic Letsch

Hello! Our community is very important. Since the community will decide on what utility apps will be developed next. We will release polls on our socials in the near future to find out which utility apps have the highest priority.

Q4 from Telegram user TommY

You team is really doing hard and great work just asking incase about their experience , Did they work on any Crypto Project or Non crypto related project before ?! And are they Doxxed ?

Dominic Letsch

Yes we have an expierenced team in crypto with also members in it who were also involved in other crypto projects.

Q5 from Telegram user @Raisbelys

Do I need to have a KYC or verification to participate in your presale? Why have you decided to limit the pre-sale to only people who have the respective verification? Can you tell me what are all the requirements I need to participate and how can I do it? What is the minimum and maximum amount to buy?

Dominic Letsch

Yes, it’s a legal requirement to verify your identity. We are currently in partnership with one of the best kyc authenticator companies. When you follow the steps in the pre sale it’ll take you to a qr part where a selfie and photo of a government identity is asked.

Q6 from Telegram user Miso-Kim

What does the letter “X” represent in your project name CoinX?

Dominic Letsch

The X Symbolizes the variety of applications that are planned for the CNX Network.- The symbol ”X” is what indicates us.

Q7 from Telegram user @sagor_pudina

Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partnership

Dominic Letsch

CNX Network will do business in as many countries as possible. Unfortunately, some countries have restrictions for crypto currencies and therefore we are limited in our options for these countries. The list of countries that have these restrictions can be found in the whitepaper.

Q8 from Telegram user @sagor_pudina

hi sir?
Staking programme is very important for any project,? Can i stake your token,? Do you have any plan of starting staking programme?

Dominic Letsch

This one is also good. We do allow staking after the presale in WalletX. People can lock their coins for 3, 6 or 12 months to get staking rewards APY.

Q9 from Telegram user @TreBienz

is it true that user must use WalletX if they want to buy CNX token ? are CNX token not possible to use with other wallet ? how about metamask, since im only using metamask?

Dominic Letsch

It is also possible to also have CNX on your Metamask. But we have not announced this yet to our community. But it will be announced very soon because this is an other milestone during our presale.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram-https://t.me/chatcoinx
WebSite – https://www.cnxnetwork.org/
Twitter-https://twitter.com/coinxofficial_

⬇️⬇️⬇️ Leave your comments bellow ⬇️⬇️⬇️

avatar
  Subscribe  
Notify of

Satoshi CLUB 2020-2021. All Rights Reserved