AMA with Xtblock

On the 24th of October, 2021 at 14:00 UTC, Decentralized Club had the honor of hosting Leonard Rego, COO of XTblock, for an Ask-Me-Anything session on their Telegram page with a community of over 60,000 people. It was hosted by DC Admin, May.

The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.
 
If you missed this event and would like to know what XTblock is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Segment 1 - Introduction

[May]
Hello, 大家好, नमस्ते, Selamat!

My name is May and I'll be hosting the AMA with XTblock.

Today, we have with us a guest from the XTblock Team.

[Leonard Rego]
Thanks so much! It’s a pleasure to be here.

[May]
You're welcome to the Decentralized Club and it's an honor to have you here.

How's your day going?

[Leonard Rego]
My day has been awesome so far! Have really been looking forward to interacting with your community members.

[May]
Today's the day 🎉

Before we get into the session, could you quickly tell us more about yourself and your job at XTblock?

[Leonard Rego]
I’m Leonard Rego, Co-founder & COO of XTblock

Over the past 22 years, I have been based in Dubai and have been instrumental in the commercial and business positioning and growth of several high-profile regional and international organizations, and have helped strengthen their core propositions. My particular strength lies in the identification of promising commercial opportunities, and the development of viable go-to-market strategies.

As Co-founder & COO of XTblock, my focus is on leveraging the potential of our revolutionary technologies for massive change across every industry, for both widespread impact and commercial success.

Apart from this, in a strategic marketing and communications capacity, I have played a pivotal role with some of the world’s biggest brands, such as 3M, Messe Frankfurt, Armani Hotel, Tecnotree Telecoms, Emaar, Jumeirah Group, Masterkey Real Estate Software, and several others. I bring the same skill set XTblock.

[May]
Your bio is very impressive, I must say.

Looking forward to an insightful session about XTblock.

Could you also share a bit of information about your team members?

[Leonard Rego]
Sure, but I’d like to summarise our project in a nutshell before I introduce the rest of the team:

XTblock is a stress-tested hyper-capable network that will make blockchain limitlessly scalable, while also helping to create a bold new decentralized AI computing and bot computing economy.

Apart from me, our core team is as follows:

Anh Le, Founder, and CTO – Core Tech
Anh possesses extensive experience as a technology advisor and independently contracted CTO over 15 years, across numerous complex software-based systems. His unique ability lies in being able to design entirely new Blockchain-based system architectures and algorithms. Anh has conducted extensive research across Blockchain and Artificial Intelligence, and also devised the revolutionary concept of Time Sharding. He is focused on delivering a network architecture that significantly increases speed and scalability while lowering latency, creating a high-performance blockchain, and powerfully enabling decentralized AI and bot computing. Anh believes this will usher in a bold new decentralized Bot and AI computing economy.

Venkata Sanjeevi, Co-founder & CTO – Infra
Venkata Sanjeevi’s CV spans over 20 years in the tech sector, including key roles in management and at senior levels of leadership, for multi-million dollar Enterprise Infrastructure & Operations initiatives. He has repeatedly demonstrated excellence for data center service providers in a Managed Services and/or Co-location arrangement and ‘Virtual Data Centre over a Public Cloud – AWS’. Notably, he has been instrumental in the development of Complex Information Technology programs and projects for various business segments, from Aviation and Financial Services to Manufacturing and Trading.
 
Wayne Dsouza, Co-founder & CBO
Wayne possesses over 23 years of International Operations and Service Delivery experience with an emphasis on enterprise relations and strategic planning. His career record spans the identification of key business opportunities, while designing and implementing processes to elevate productivity while keeping operational costs to a minimum. Wayne’s ability to nurture a network of investors, advocates, and associates is vital to the growth of XTblock’s commercial ecosystem.

[May]
Wow. Your team is a powerhouse.

👏🏻👏🏻👏🏻

You say XTblock will change the world. Could you explain what XTblock is about and why you think it is so revolutionary? What solutions and products are you building?

[Leonard Rego]
This is the kind of question that really gets us excited. We are genuinely going to make a dent in the universe – just watch us.

XTblock has developed a Hyper-Capable Network that can enable a high-performance blockchain capable of scaling without limits, from thousands to 100,000 transactions per second – or even beyond – depending on the requirement. This has never been achieved before and can provide revolutionary solutions to every industry, from banking and supply chain to healthcare, space tech, and beyond.

This will be possible to any extent with the right network infrastructure. This network will provide solutions to the key issues facing blockchain today, which are low speed, poor scalability, and high latency.

But a high-performance blockchain is ONLY ONE of our use cases because our Hyper-Capable Network can deliver so much more: this includes decentralized artificial intelligence and decentralized Bot computing!

We also aim to create valuable Bots with distributed computing solutions, with or without AI solutions on our platform. We call this “The dBot Economy”.

To facilitate the functioning of this network, a group of bots, i.e. a ‘bot set’, will help to create a wide variety of applications and services. This could vary from a high-performance blockchain network to decentralized live video streaming services, crypto market analysis and trading bots, AI computing services, bot computing services… The possibilities are virtually limitless.

TL;DR – Our core technologies and products:

Hyper-Capable Network: Our Hyper-Capable Network is designed to be scalable, super-fast, and built to complete transactions rapidly and it sets the stage for a whole new dimension of capability for blockchain and beyond.

High-performance Blockchain: Based on the above, a massively scalable, high-performance blockchain will be one of XTblock’s primary use cases.

Decentralized AI Computing: This will leverage the power of our Hyper-Capable Network and democratize AI development, making it accessible and affordable to devs and enterprises (AI development has traditionally been hugely expensive due to being very computationally intensive)

Decentralized Bot Computing: This will also leverage the power of our Hyper-Capable Network. To facilitate the functioning of this network, a group of bots, i.e. a ‘bot set’, will help to create a wide variety of applications and services.

Other use cases and products in development:

• Decentralised live streaming platform

• Decentralised crypto trading bots

• Decentralised AI Chess

• Decentralised AI Gomoku

• Our own Decentralised Exchange (DEX) – the initial phase has already been launched, binosaur.finance

• An NFT marketplace

• xttp / xttps - XTblock’s extended transfer protocol for our distributed web architecture Domain name service

• Our own web browser that additionally supports our distributed web protocol xttp / xttps

In addition, we will also potentially develop several new products and use cases as our project progresses. Please review our roadmap on www.xtblock.io

https://t.me/decentralized_club/632278

[Leonard Rego]
A glimpse of what we’re building now and in the near future!

[May]
A minute for the community to digest 😁

[Leonard Rego]
Yes, it’s a lot to digest! Sometimes it’s challenging to explain everything we are building in a few words or paragraphs. In contrast to many other projects, we have several use cases, many potential revenue streams, and a broad spectrum of products and solutions for almost every industry.

[May]
I agree.

Your project is quite innovative and I look forward to that dent in the universe.

I understand that you have a token, XTT-b20.

Could you tell us more about it?

[Leonard Rego]
Our product ecosystem will require payments to be made in the form of our XTT-b20 utility token (which will be XTT on our mainnet scheduled for next year), so it’s a good idea to obtain and hold our tokens to be able to avail all of these services – or just to watch the price rise as our ecosystem grows and we achieve greater milestones on our roadmap.

It is listed on our own DEX, i.e. binosaur.finance and also on pancakeswap.finance

[May]
Awesome!

You seem to have a long list of goals, but have you achieved any milestones so far? What have you done that would inspire confidence in investors?

[Leonard Rego]
Thanks for asking that question – the short answer is yes, we have achieved several milestones already, as you will see below. We believe actions speak louder than words.

Here are some key highlights:

- Our Hyper-Capable Network architecture was successfully stress-tested in 2020, and our development of various use cases is well underway.

- We have been in development for almost four years, and have consistently achieved our core tech development goals, leading to the creation of our Hyper-Capable Network.

- If you review our roadmap on www.xtblock.io, which we keep updating, you will see that we are well on our way to achieving our milestones for Q4 2021.

- We were selected to be incubated by the prestigious Singapore Management University (SMU) Institute of Innovation & Entrepreneurship (IIE)’s incubation program, B.I.G. – the Business Innovations Generator. SMU is one of Asia’s most prominent universities and was launched in collaboration with the Wharton School of the University of Pennsylvania.

- Use case: XTblock’s DeFi platform binosaur.finance to support our token XTT-b20

- Use case: Successful test of our Decentralised Video Live Streaming solution to showcase the platform’s video streaming capability - Q3 2021

- Use case: Creation of xttp / xttps - XTblock’s extended transfer protocol for our distributed web architecture, resilient against DDoS attacks (for operators), and 99.99999 percent uptime for users. This would prevent interruption of accessibility of web content, as seen in the recent outages with a social media 
giant two weeks ago

- Use case: Our own web browser that additionally supports our distributed web protocol xttp / xttps

- Use case: Decentralised Crypto Trading Bot trial version

Other significant milestones and use cases are due to be completed in the next few months.

Our roadmap can be viewed here:
https://docs.google.com/spreadsheets/d/1pxzb3VrSDS7-uFnMJUVDot3s7nsLfTjXjAWovMgUXLs/edit?usp=drivesdk

[May]
Impressive milestones! 👏🏻👏🏻👏🏻

What does the XT in XTblock stand for? It’s quite an interesting name.

[Leonard Rego]
Lol, we get asked this question quite often. XTblock represents the eXTended capability of our Hyper-Capable Network, beyond a high-performance blockchain – such as decentralized AI computing and decentralized bot computing.

The inspiration for the name came from the scalability and speed issues of blockchain and our ability to solve these issues. Also, we thought that the name is intriguing and is a conversation starter so we can explain the ‘extended’ aspect beyond blockchain.

[May]
That's a good one! 😁

What are your marketing plans for the project? Do you have it mapped out already?

[Leonard Rego]
Happy to answer that!

We’ve really spent a lot of time and effort thinking through our marketing initiatives and plans

Our marketing will adopt a fluid approach, based on the evolving needs of the organization and our technology roadmap. This involves engagements with best-in-class service providers.

In terms of developer community nurturing and management, we believe an outbound engagement strategy predicated on getting developers to know and trust our platform (as a long-term platform for them to work on) will be essential. Using specific targeting methodologies for certain developer, corporate and end-user personas, as well as crypto communities, we can segment whom to reach via specific online media channels.

One example of a powerful proposition to end-users would be the bots and dApps that carry out specific, highly specialized tasks on our network, which illustrates the importance of this particular audience as well.

By delivering our message consistently and relevantly to this audience, we seek to nurture advocates of our purpose. Our more targeted, the specific approach would extend to other aspects as well. Across various aspects of our marketing, research around target demographies and markets will be conducted, with careful segmentation to feed key messaging to specific personas, which include international crypto communities, developers, enterprises, other organizations, and end-users as well.

The proposition:
Importantly, we will seek to appeal not only to those familiar with the blockchain and deep-tech realms but also to a wider audience that includes end-users who care about the powerful positive changes such a platform can deliver across every industry.

Token-holding incentives leveraged via marketing through marketing channels:
We will consistently devise incentives to encourage the holding of our tokens. For example, at present, we announced on our social media and in our Telegram community that the top 100 holders of XTT-b20 tokens by the end of 15th Oct 2021 (GMT) will receive exclusive gifts from our team in q4 2021, which are 1) The trial version of our decentralized trading bot, and 2) Access to watch our first decentralized live streaming event between top esports players.

Community development:
There will be significant efforts to develop the community, build interest, encourage adoption and promote advocacy. By assessing and engaging with key communities globally, we aim to expand our influence and footprint. We see community development as key, and our current Telegram community is over 50,000 members, and it is growing at a rapid pace.

AMA (Ask Me Anything):
To engage more meaningfully with several important communities such as this one, we will conduct AMAs at regular intervals, which we believe allows us to do a deep dive into our tech and answer the communities’ most pressing questions.

PR (Public relations):
Public relations has helped massively to create a positive impact among our audience. Our aim has always been to engage with credible news and technology content outlets.

We are proud of being featured in Yahoo Finance, Yahoo News, Investing.com, The New York Age, Market Watch, Benzinga, BTC Peers iHODL, A to Z Markets, Cryptomode, Coincheckup, and other reputed publications.

This drive for quality coverage will continue at a steady pace, in the form of articles, interviews, features, and other compelling content.

Social media and influencer marketing:
Building on the above points, for social media, apart from the usual channels such as Twitter, YouTube, and Facebook, we focus on channels that have a relatively higher number of blockchain, AI, and technology enthusiasts, such as Reddit, Medium, etc. For end-users, more mainstream social media channels will be considered. Our Twitter, Facebook, Reddit, Medium, Bitcointalk, and YouTube channels already have a large following. We also plan to engage with the right kinds of influencers who not only have the reach but also the integrity and technology and/or crypto credentials.

At the enterprise level, more specific use-case-based marketing material will be developed, and a lead generation and lead nurturing approach may be considered, to drive prospects down the funnel, towards conversion.

With all of the above, we must be mindful that excessive fragmentation and dilution of messaging and channels could be counter-productive, and we will assess the efficacy of these to deliver a more viable and robust marketing mix.

Here are a few of our articles that have been published already:

https://ihodl.com/analytics/2021-08-30/xtblock-envisions-use-its-hyper-capable-network-transforming-entire-industries/

https://atozmarkets.com/news/xtblock-a-hyper-capable-network-to-supercharge-blockchain/

https://www.coinspeaker.com/xtblock-blockchain-defi-ai/

https://news.yahoo.com/xtblock-ushers-first-limitlessly-scalable-144200766.html

For more articles, please refer to our website: https://xtblock.io/news/

[May]
👏🏻👏🏻👏🏻

We wish you the best with these plans.

It’s not always easy to achieve a roadmap as diverse and promising as yours. What gives you the confidence that you can achieve it?

[Leonard Rego]
We have been largely self-funded and have been building our technology and solutions for almost four years already. That shows our ability to persevere, and our efforts have paid off. We have already achieved a great deal in terms of the development of our Hyper-Capable Network architecture. As we have answered earlier in this AMA, we have achieved many complex milestones already, as you can see in our roadmap on www.xtblock.io

To fund our progress, we have not one or two but several powerful use cases that will allow us to generate revenue. We will leverage these use cases, and also generate revenue through our platform computing service and subscriptions, our DEX, our NFT marketplace, our decentralized trading bots, our decentralized live streaming service, and many more other products and innovations to come.

We already raised close to $700,000 before our IDO, to reach several key milestones on our roadmap, and our continued fundraising will strengthen our position further.

And because a lot of what we are creating is new and revolutionary in many ways, we expect the token value to increase significantly and further fund our progress. Many powerful use cases are scheduled to be delivered in this quarter itself.

[May]
👏🏻👏🏻👏🏻

[Leonard Rego]
As you can see, we have even completed some of our 2022 milestones ahead of schedule

https://t.me/decentralized_club/632300

https://t.me/decentralized_club/632301

[May]
We can see that!

Great job!

Let's now take questions from our Twitter community.

Segment 2 - Twitter Questions

[May]
Organizations need high-performance computing resources to fully explore the possibilities of artificial intelligence. How will XTblock try to manage these high-performance networks? Are there any shortcomings regarding the current computing-based systems in use?

Twitter Username: @escobarDeFi

[Leonard Rego]
Yes, your understanding is correct. Due to the massive computational resources required, the development of AI solutions is currently only available to large companies with very significant funding and resources.

XTblock is taking a radically different approach to putting the ability to develop AI in the hands of developers, and small organizations/enterprises. Through the use of time-sharding, our proprietary and clever enhancement to network architecture, we will be able to decentralize artificial intelligence computing. Moreover, our network will be accessible to developers to leverage the network’s huge computational capabilities, creating a more level playing field for all participants.

You see, blockchain uses a large infrastructure outlay including high-performance computers (CPU/ GPU/ RAM/ Storage/ Network) which are also good for algebraic calculations and fit for computing requirements for AI; however, existing blockchain implementations only use blockchain nodes and networks for the simple purpose of block verification.

XTblock’s core premise is that, with system amendments, the same architecture, miners, and infrastructure can be used for distributed problem solving (DPS), like AI computing services and Bot computing services.

Another unprecedented benefit of the uncapped scalability of our network is the advent of decentralized and affordable bot computing. XTblock could be at the forefront of this emerging industry by facilitating the creation of what we envision as a ‘dBot economy’ via our hyper-scalable network. To facilitate the functioning of this network, a group of bots, i.e. a ‘bot set’, will help to create a wide variety of applications and services. This could vary from a high-performance blockchain network to peer-to-peer video streaming services, AI computing services, bot computing services… The possibilities are virtually limitless.

Check out our article in Coinspeaker here: https://www.coinspeaker.com/xtblock-blockchain-defi-ai/

[May]
I've identified Ethereum's flaws and how this service will become obsolete over time. Despite its high fees, this protocol is one of the most widely utilized in DeFi; can you tell us how XTblock compares to Ethereum and what advantages it has in terms of fees?

Twitter Username: @netmi2525

[Leonard Rego]
Let’s answer this in point form first, for ease of understanding:

- As you know, most existing blockchains, including Ethereum, are severely limited in terms of speed, scalability, and latency. It’s important to understand that blockchain is ONLY ONE of the use cases of XTblock’s Hyper-Capable Network. As such, this network is designed to solve blockchain’s biggest problems – scalability, speed, and latency – through an entirely new approach.
 
- Incremental scalability and accelerated transaction speeds (tps) will be possible with XTblock to any extent with the addition of the right network infrastructure – up to tens of thousands of transactions per second (tps) or even far beyond, depending on the requirement

- When it comes to DeFi, high transaction speeds are also vital, for the DeFi industry to progress to the next level

- As a Hyper-Capable Network, the network’s ‘time-sharding’ technology also makes it possible for any particular artificial intelligence to collaborate with other AI solutions to grow more holistically – this already goes far beyond blockchain

- Bot programs can compute and perform large and complex tasks simultaneously on the XTblock network

- In terms of fees, XTblock’s novel subscription model will democratize access to the network by making it affordable to developers as well as enterprises of all sizes. In addition, network fees will also significantly lower such as seen in other blockchains using PoS and DPoS consensus, and the network storage fees will also be affordable. These fees will be decided by a community vote.

[May]
Great answer!

Can you please tell me the main advantage of XTTP compared to HTTP?

Twitter Username: @RODOLFODUQUE13

[Leonard Rego]
We are dying to answer this one! This is one of our KILLER use cases, and we are already at an ADVANCED stage of development!

XTTP: The game-changing features & benefits of a new internet protocol

XTTP will introduce the next generation of the internet, and as such is a very significant evolution from HTTP. Here is a simple explanation of a few crucial differences between XTTP and HTTP:

- HTTP is characterized by a single point of failure. XTTP is not.
 
- HTTP can be taken down by a DDoS (Distributed Denial of Service) attack. XTTP cannot be taken down by a DDoS attack of any size. These attacks cost operators hundreds of millions of dollars every year.

- HTTP needs a cloud proxy service to protect itself from DDoS attacks. The cloud proxy service becomes an access/connection bottleneck and it is also a single point of failure. XTTP can work alongside cloud proxy services to create a more resilient architecture.

- HTTP needs a centralized DNS (Domain Name System / Service), which is again a single point of failure. XTTP has its own decentralized DNS, which is not a single point of failure.

- HTTP needs a CDN (Content Delivery / Distribution Network) to scale. XTTP can scale without a CDN, but it could be stronger when combined with CDN services.

- XTTP is versatile and goes far beyond the capabilities and applications of HTTP – it can help any network protocol to scale limitlessly.

The above are only a few of the benefits of XTTP.

XTblock intends to provide access to particular XTTP services in exchange for its XTT tokens, to large organizations and enterprises such as financial institutions, exchange platforms, supply chain, government departments, healthcare and pharmaceutical firms, space exploration companies, smart cities, and smart car networks, surveillance, border control, homeland security, air traffic control, as well as a wide range of other industries.

[May]
Amazing!

Let's quickly take three questions from our website community.

Segment 3 - Website Questions

[May]
Given that X block will be an independent blockchain, will you migrate and transfer your token, the $XTT, to the XTBlock blockchain itself someday in the future? When will we see the live mainnet of your network?

Telegram Username: @Jmagsss

[Leonard Rego]
The Token issuance roadmap considers a roll-out designed in two important phases; phase 1 already introduced the XTT-b20 (BEP20) token on Binance Smart Chain and the XTT-e20 (ERC20) token on Ethereum Mainnet. We will consider technical bridge solutions to foster interoperability between Binance Smart Chain, Ethereum, and XTblock networks, while phase 2 will give birth to the official XTT on the XTblock Mainnet.

1. A DEX of XTblock’s DeFi platform (including Swapping, Staking, Farming, Lending, NFTs... and beyond) has been developed, i.e. binosaur.finance for XTT swap with other Tokens and vice versa; it is an inbound and outbound XTblock ecosystem.

2. XTT-b20 issued in phase 1 on Binance Smart Chain will be kept as part of the interoperability layer between XTblock and Binance Smart Chain

3. XTT-e20 issued in phase 1 on Ethereum will be kept as part of the interoperability layer between XTblock and Ethereum.

4. XTT-e20 is compatible with ERC20 wallets, XTT-b20 is compatible with BEP20 wallets, Mainnet XTT will be managed with XTblock’s Wallet.

5. XTT-e20 on Ethereum, XTT-b20 on Binance Smart Chain and XTT on XTblock Mainnet can be bridged by our token bridge tool, using a token lock/unlock
mechanism; there will be a fee for bridging and this fee will be determined by our community voting.

6. Liquidity pools have been added to pancakeswap.finance and our own DEX, binosaur.finance

After the launch of XTblock Mainnet, XTT-b20 (BEP20) and XTT-e20 (ERC20) tokens will be unaffected and will continue to function normally.

And to answer your second question, our mainnet is scheduled for Q2, 2022

[May]
👏🏻👏🏻👏🏻

Looking forward to that mainnet launch.

I’d want to make a “LONG TERM INVESTMENT” in this “Project,” but I’m having second thoughts! How will you persuade me that this project is “safe and profitable”?

Telegram Username: @byburodo

[Leonard Rego]
To get a glimpse of the scale and far-reaching potential of XTblock and our diverse spectrum of use cases, please refer to the roadmap on our website, www.xtblock.io

Importantly, apart from already achieving many significant milestones (as mentioned in an earlier answer), we are well on our way to achieving several large milestones in Q4, 2021.

We’d like to reiterate that while blockchain is one of the main use cases for XTblock, creating a high-performance, massively scalable, low latency, high TPS blockchain network is only ONE of our use cases. The fact that our network addresses the biggest issues facing blockchain gives us the confidence that it will have huge relevance.

XTblock will also empower and enable decentralized AI computing and bot computing. So maintaining our position in the market with these game-changing technologies is something we believe is very possible because a lot of what we are creating has never been achieved before.

We have been in development for almost four years, and have never lost sight of our goals. If you review our roadmap on www.xtblock.io, which we keep updating, you will see that we are well on our way to achieving our milestones for Q4 2021. Our network was successfully stress-tested in 2020, and our development of various use cases is well underway.

All the smart contracts we have deployed so far have been audited by Hacken. One of the world’s leading cybersecurity firms.

From a profitability point of view, accessing our products/services such as our decentralized live streaming platform, decentralized crypto trading bots, etc. will require users to avail these services with XTT tokens. Developers will also need to hold our tokens to use our computing network. All of this is also an integral part of our strategy to raise the value of the tokens over the long term as we hit the milestones in our roadmap and to encourage the long-term holding of XTT tokens.

Importantly, we are incubated by the prestigious Singapore Management University (SMU) Institute of Innovation & Entrepreneurship (IIE)’s incubation program, B.I.G. – the Business Innovations Generator. SMU is one of Asia’s most prominent universities and was launched in collaboration with the Wharton School of the University of Pennsylvania.

[May]
Absolutely love your detailed answers! 👏🏻👏🏻👏🏻

Is your “Decentralised Crypto Trading BOT” already released? How about its trial version? I’ve heard that the trial version will be released this quarter? If so, could you tell us how to use and how the #TradingBOT works? How to get early access to this?

Telegram Username: @Caterpillar29

[Leonard Rego]
Yes, you are right. The trial version of our Decentralised Crypto Trading Bot will be released this quarter. It will first be available to the top 100 holders of our XTT-b20 tokens, and the mechanism for this release will be revealed on our Telegram community group https://t.me/xttchat – join the group for announcements if you are not already a member.

https://t.me/decentralized_club/632324

[May]
Dear community, please join https://t.me/xttchat

Big news coming!

It's now time for the most popular segment of the AMA - Live Questions

In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

Please pick four original questions to answer.

Try to ignore generic, vague, and copy-paste questions 😊

Ready?

[Leonard Rego]
Yes, ready!

[May]
As a measure to deter bots and reward hunters, could you please pick an emoji that will be included in the questions so you can tell original questions apart?

[Leonard Rego]
🚀

[May]
Great choice! The group will be unmuted shortly.

---Chat was then opened for the live community to send in their questions---

Segment 4 - Live Questions

[May]
Please select the questions now.

Kindly prioritize the questions with the 🚀 emoji

[Temitope Awoyinka]
🚀🚀🚀🚀🚀

What is the assurance that this project is safe enough to invest in

Have you performed any strong audits by now?

[Leonard Rego]
All the smart contracts we have deployed, i.e. our locker contract, token contract, and farming contract on binosaur.finance (our own DeFi platform) have been audited and marked as well secured by HACKEN, one of the world’s most proficient cybersecurity firms.

Some links:

https://twitter.com/hackenclub/status/1447581196918083591?t=gWajdUKH7T7qAf4Rqxnk1A&s=09

https://hacken.io/wp-content/uploads/2021/10/XTblock-MasterChef_08102021SCAudit_Report_3.pdf
 
Token contract:

https://www.github.com/xtblock/xtt/tree/main/bep20%2F%5BXtblock(XTT)_25082021%5DSCAudit_Report.pdf

Locker contract:

https://github.com/xtblock/locker-contract/blob/main/%5BXTblock_24082021%5DSCAudit_Report.pdf

[May]
Three more questions to go! 🎉

[alberys rodriguez]
🚀🚀🚀 XTBlock is a very capable project for the innovation of the technological future. You talk about creating many projects in the future, but have you really already been able to create a technological product with XTBlock? Or do you only have plans for the future?

[Leonard Rego]
Please follow our roadmap for what we have already achieved, on www.xtblock.io

This quarter, we will already be delivering the following:

- Crypto trading bot trial version
- Decentralised live streaming technology
- XTTP/XTTPS - XTblock’s extended transfer protocol for our distributed web architecture, resilient against DDoS attacks (for operators), and 99.99999 percent uptime for users. This would prevent interruption of accessibility of web content, as seen in the recent outages with a social media giant two weeks ago
- Our own web browser that additionally supports our distributed web protocol XTTP/XTTPS

[May]
Two more questions to go! 🎉

[Nazmul]
What is the revenue model of the project? In what ways do you make a profit?🙇‍♂️
 When your token will be listed on the exchange?🙇‍♂️

[Leonard Rego]
Our product ecosystem will require payments to be made in the form of our XTT-b20 utility token (which will be XTT on our mainnet scheduled for next year). Users will have to obtain and hold our tokens to be able to avail all of these services.

Some ways in which we will generate revenue in the near future:

- Decentralised trading tool: Will require users to pay for their subscription with XTT-b20. Usage periods will need to be renewed with recurring payments. This trading tool will provide advanced features to any crypto trader, with or without real-time price action analysis data. 
- XTTP protocol will be marketed as a service, such as a decentralized DNS service for which fees will be charged in XTT-b20
- Other use cases which will also similarly require payment in XTT-b20

Our token is already listed on pancakeswap.finance and our own DEX binosaur.finance

We are considering listing on CEX as well this year.

https://t.me/decentralized_club/632403

[May]
One more question to go! 🎉

[Meses Limbong]
Does XTblock support staking programs? if yes. How does your stake system work, what is the requirement for users if they want to stake in your platform? is there any minimum and the maximum amount to stake? and where we can stake? 🚀

[Leonard Rego]

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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Decentralized Club

Decentralized Club

🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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