Coinrexi x Satoshi CLUB AMA Session 18 Dec 2020
Tags: Cryptocurrency News, Recaps, Coinrexi, Ama, Bitcoin

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://pbs.twimg.com/media/D2xclHIX0AArecG?format=jpg&name=small

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.

Adding blockchain to the e-commerce process 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?

https://esatoshi.club/wp-content/uploads/team-member-163x300.jpg

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