Introduction with CryptoXpress
Q1. Can you tell us about Cryptoxpress and with what goals was it developed ?
CryptoXpress is a mobile IOS and Android app which marries traditional banking with the future of banking and transactions.
CryptoXpress offers its clients personal fiat bank accounts with debit cards, transfers and payments while also including a 1,000+ pair cryptocurrency trading and payments suite along with a cutting edge NFT marketplace amongst other features.
The goal of CryptoXpress and its team is to solve the problem that beginner users face when entering the crypto space. Currently a banking app, crypto app, NFT app, and a decentralized wallet is required to take care of global users’ transactional needs.
For a beginner user, understanding all these technologies and integrating them can be a nightmare. CryptoXpress integrates all these technologies and more into 1 easy to use platform where everything can be performed in a few clicks and its fun to use too!
Q2. How does the no commission trading works at your platform? How do you sustain?
The no commission trading works because we have other feature sets aside from the cryptocurrency trading feature that allow us to generate revenues.
The key features where CryptoXpress will generate most of its revenues is through the NFT Marketplace, Ebanking services, retail services and travel services.
We are happy for our users to enjoy a commission free crypto trading experience as ultimately users will partake in all features of the app and become a valuable CryptoXpress community member and customer.
Q3. Can you tell us more about the Digital Arts and Media NFT marketplace?
Sure, the NFT marketplace is custom developed and is based on a cutting-edge design that has been developed by our expert design team.
It is a multi-chain technology and will support the ERC20, BSC and MATIC blockchains right at launch.
The NFT marketplace is being supported by global celebrities and influencers from the UK and India too.
Over time we will add many more features to the marketplace so that it is the most feature rich but still most easy to use NFT platform on the market.
Q4. Can you shed some light on the utility of $XPRESS and how are the holders rewarded ?
Since the XPRESS token is going to be a core component of the CryptoXpress platform, its utility will increase as user adoption increases, which generally means volumes and prices will enjoy increases.
This utility includes, discounts on features, purchasing of NFTs, access to the merchant account services, and other yet to be announced utility.
Aside from that, the XPRESS token will have staking mechanisms and other value adds that will be announced closer to IDO which will ensure users hold their tokens for as long as they can, as the benefits will far outweigh the costs of selling the token.
Q5. What objectives are you planning to achieve by the end of 2021 ?
CryptoXpress is launching its version 1 app in the next 2 days on the Android platform.
The IOS app will follow within this month of October as well.
The first version of the app will have the full 1000-coin pair trading feature, and also the full cutting-edge NFT marketplace.
By the end of the year, the Ebanking feature will be launched too, which means users of CryptoXpress in the UK and EU will be issued their own fiat bank accounts and debit cards.
At that stage there will be no reason for users to use any other app to manage daily Fiat, Crypto, and NFT needs.
Community ask questions from Twitter
Q1 : CX universe wants to provide a new kind of traditional services fingertips apart. Will your platform be novice user compatible too? Or will it serve only for well established crypto traders? Do you have plans to educate users on crypto?
Absolutely, the whole premise for CryptoXpress is to be a beginner friendly mobile app that takes care of a global citizens fiat banking needs, crypto needs, NFT needs and much much more.
The target market is novice users in the millennial and elderly demographic.
We will surely have educational content within the app and we will also have our own YouTube channel geared towards beginners that will honestly teach them how to use the app, and how to make safe investments, amongst other aspects of the crypto space.
Q2 : CryptoXpress is fully compliant and regulated in Estonia.We have a fully registered company along with a full cryptocurrency license that is indefinite. Why did you decide to regulate yourself according to Estonian regulations? Do you consider globalizing the platform?
We are regulated in Estonia for 4 Reasons.
1) The regulations in Estonia are well established and have also been tested. Many crypto companies are now based there for this reason.
2) The local Estonian talent pool available to us is vast as Estonia is a very educated country and well entrenched in the crypto sector.
3) Estonia is still a relatively cost-effective jurisdiction to operate out of when compared to Western Europe and Australia where a majority of the founders of CryptoXpress are based.
4) Finally, Estonia has great tax regulation which allows us to reinvest the maximum amount of profits back into the company to bring the community more features and more value.
Estonian regulation allows us to onboard customers from over 179 jurisdictions so we will be a global platform from the start.
Q3 : CryptoXpress will launch their mobile app in October, as mentioned, and then in December we will add e-banking features. What e-banking features are you considering adding to the platform? What other hard-hitting features are you looking to introduce into CryptoXpress?
We will issue fiat bank accounts to our users and also be able to issue fiat debit cards to them.
We will be introducing a retail platform next year by partnering with a world leading online retailer.
Additionally, we will be adding a travel feature which will really hit its stride next year once the pandemic is finally under control, and mass international travel restarts
Community ask questions from Website
Q1 : What led to this massive partnerships with so many platforms? What are the results that you plan to get from these multiple partnerships? Are we to expect more partnerships in the future? How do you plan to ensure that these multiple partnerships last for a long time and bring positive impact to CryptoXpress?
We at CryptoXpress believe in only working with best in class partners, so that we can focus on what we do best, which is the customer journey, user experience, customer service, operations, growth, and strategy.
We will surely add strategic partners in the future where we can develop additional win-win arrangements while also providing great value to our community.
Our team is quite experienced in business development and relationship maintenance.
We have a combined total of 140 years of business experience within our team already.
Q2 : Can the NFTs we get in CryptoXpress be traded both inside and outside your marketplace?
It struck me when I read your website, that you don’t give details of your token. Does Crytoxprees have native tokens? If so, where can we enjoy your tokens to put them to good use?
Absolutely, since we are partnered with Polygon and their CMO, Min Kim is our close advisor too, and through their technology our NFTs are multi-chain enabled and can be listed on many other platforms.
This means we don’t lock our users into our platform as CryptoXpress is all about transparency and ease of use for our users.
We have the XPRESS token and its details are actually available on the website and we can provide more details to you after this AMA as well.
Right now, we are in the private sale phase and are happy to entertain larger investors.
Ultimately, we will launch our token on a minimum of 3 launchpads (already confirmed) in the last week of this month or first week of November.
Stay tuned for more details on the launchpads and dates within the next 7 days.
Live Questions answered by CryptoXpress
Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in project?
Good question, since our plans are in 5 year and 10 year terms, and unlike other projects we are not just looking into the next year or 2 only, you can be assured that we will constantly drive the utility of the XPRESS token as the platform grows. Think of Binance and WazirX as examples with their tokens, however our coin has their features and much more!
👉Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does't your great project have a plan for token burning###
Absolutely, we plan to buyback and burn 35% of tokens within the first 5 years to ensure we are constantly driving the token value for sure.
Do you have any plan for community ambassador program to reward more users and create local community channel for those users who weak in English?
This is a great question, absolutely once we have the app launched we will be providing more details about our ambassador program within our Telegram Channel. We will also be creating localized channels as well, so please do stay tuned.
Q.8.✅✅ I couldn't find your "WHITEPAPER". Do you have any "WHITEPAPER"? ↖️↖️↖️
Yes of course, please visit our website at http://cryptoxpress.com and visit the investors link. The link is also available here at https://cryptoxpress.com/whitepaper.pdf