AMA RECAP :Crypto Infinity & Delux Protocol.
On 19th April , we had an AMA session with DELUX PROTOCOL.We had with us Alex Damian (CEO , Delux Protocol). He is a blockchain developer since 2014.
INTRODUCTION.
Q 1) Can you introduce yourself to the community?
Ans :My name is Alex Damian, CEO, DELUXPROTOCOL
I am a Blockchain Developer since year 2014.
Q2) Could you please tell us the details about DeLux Protocol ?
Ans :Thank you very much for this question
@DeluxProtocol we here to revolutionize the Escrow industry with secure transactions backed by Blockchain Technology for a fraction of the price of a conventional Escrow service.
Deluxprotocol is a self regulating system that provides secure transactions between the buyer and seller with extremely low fees. Delux Protocol utilizes smart contract technology to implement and regulate
Escrow transactions. This removes the need for a middleman, thus reducing transaction costs and the
possibility of fraud.
Thank you.
Q3 : Are #DeLuxProtocol on the right roadmap? What are the upcoming plans to develop the project?
Ans :We are fully on the right roadmap and will like to refer you to our roadmap for better understanding of our upcoming events, events are lined up until 2023 which we will keep updating
permit me to drop the roadmap for clearifications
Q4 : What types of wallets can be used for #Delux ? and currently only buy Token Sale with BNB tokens ?
Ans :For now we support wallets that are BINANCE BEP-20 standards
We hope to expand in future.
As explained in our road map
thank you
Q5 : How does #Delux differ from previous projects? Are transactions between buyer and seller recorded? There will be fraud between how #Delux buyers and sellers deal with this problem ?
Ans :Lower transaction fees.
That is our focus. That is what makes us Unique from other projects,
We inspire confidence in the platform with the use of a Node voting system. This reduces or eliminates fraud entirely
Transactions between buyer and seller are definitely recorded. This is the new age. Welcome to blockchain technology.
TWITTER QUESTIONS .
Q1: on the WhitePaper. DeluxProtocol will also provide STAKING and AGRICULTURE but of course that’s not enough. so what are the future plans in the near future to reward users with the best? what is the Project’s plan to make the token price more attractive in the near future?
from : @Airdrop_H
Ans :for clearer understanding on How does DeluxProtocol work, DeluxProtocol Token ($DLP) ensures utmost security and peace of mind between the buyer and seller. It is built on the widely used and accepted BEP20 standard using the Binance Blockchain.
We have 6 steps clearly stated, which are
Create Escrow
Either the buyer or seller can create the escrow transaction.
Agree to terms
Both parties are presented with the terms of the transaction and both need to agree.
Buyer funds the account Once the terms are agreed upon, the buyer will fund the escrow transaction account.
Seller sends the items Once payment is confirmed, the seller will be notified to send the items.
Buyer receives the items The buyer confirms receipt of the items or has the option to open a dispute.
Seller funds are released Once the transaction is settled, the funds are released to the seller.
thank you
Q2 : Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to crypto industry that will bring greater abundance to the industry?
from :@tanlongan
Ans :Staking and yield farming are two entirely different worlds that have different goals and purposes. While yield farming focuses on gaining the highest yield possible, staking focuses on helping a blockchain network stay secure while earning rewards at the same time.
All our plans are outlined on the whitepaper and roadmap, stated very clear, please take time to check through.
will also refer you to our whitepaper for more details
https://deluxprotocol.io/DLP-WhitePaper.pdf
WE ARE FROM DIFFERENT COUNTRIES OF THE WORLD 🌎🌍 DEAR ❤️
DELUX PROTOCOL IS A GLOBAL PROJECT
LOTS OF TRANSACTIONS BEING MADE EVERY SINGLE SECONDS
THEY ALL NEED THE SERVICES OF DELUX PROTOCOL
We want to inspire confidence in the platform with the use of a Node voting system. Only valid and honest votes will be rewarded, thus promoting the truthful assessment of documentation provided. Points will be given to these Nodes, which will increase their reputation within the Delux Platform
Thank you
Q3: Now a lot of Many fake defi projects promising insanely high APR, but ended up pull liquidity or minting, how does your project respond to this case ? Explain the reasons why we should invest in your project because we know you’re a team without a name?
from : @Mira9856
Ans :Delux Protocol is Community Driven.The single and most important value remains lower transaction fees. We have a structured system that will convince you enough that we are working towards the interest of the community in the nearest future, please check the picture below see the clear difference, thank you
This explains it All.
Investors are risk takers and can also see from far a project that has use case.
This is what Delux Protocol stands for.
Q4: related to “Protecting identity”
Seller funds are released
After the transaction is completed, the funds are released to the seller “can deluxprotocol guarantee the confidentiality of the identity of the customer, and what security is used? from : @PerdiAn13906183
Ans :Of course we can guarantee the confidentiality of the customer.
Both sellers and customers will have their kyc approved before caring out transactions.This kyc will have their verifiable details like address, phone number, etc. the blockchain and Smart Contracts are the Escrow company. This makes the transactions exponentially quicker, much more secure.In a conventional Escrow world, the Escrow company facilitates everything about the transaction: receiving the money, confirming the buyer has received their items, and releasing the funds to the seller. Processes like this can take a lot of time.
Q5 : Can you tell us the motivation and benefits for investors to keep the $DLP token long-term? Do you have a plan to help boost token demand and scarcity? from : @tuanphuho
Ans : First of all, in our presale, 60 % of raised funds will be used to lock liquidity if Hardcap is reached. In event that we have any unsold token, it will be burnt.Also, one of the features of our token that will lead to scarcity and eventually rise in value is | Status: non mintable , Self Diminishing.
LIVE AMA QUESTIONS .
Q .Can you briefly describe what is DeLux in 3–5 sentences? And what is your Mission and Vision?? hi @AlexDamee
Ans :Delux is a self-regulating system that provides secure transactions between the buyer and seller with extremely low fees. Delux utilizes smart contract technology to implement and regulate Escrow transactions. This removes the need for a middleman, thus reducing transaction costs and the possibility of fraud.
Delux Protocol is a decentralized application that provides pure Escrow Services built on Blockchain Technology.
We aim to revolutionize the Escrow industry by utilizing Blockchain Technology to facilitate Escrow
transactions for a fraction of the price of conventional Escrow services.
ADVANTAGES
Lower transaction fees.The easy navigation of our platform.
We enforce AML/CFT regulation,which provide peace of mind for our customers.Voter reputations inspires confidence in our dispute system.On other platforms, users are constantly clamoring forimprovements without being heard.The problem we have with most of the projects out there is that they have very shallow and I’ll defined goals!
Delux Protocol was borne with the Community at heart.
In fact, we don’t need to be pushed, we will bring great innovations that will propel the Community forward.
This is already defined in our well laid out road map.
Q. The burning of tokens is beneficial for any project, in being able to control the amount of token circulation and providing greater incentives to investors. Do you have any plans to burn tokens in the future?
Ans :In our presale, 60 % of raised funds will be used to lock liquidity if Hardcap is reached. In event that we have any unsold token, it will be burnt. Thank you
Q .As far as I can see, NFT and BSC are the next trend of new projects. As I know there are a lot of very good development projects on this platform, what do you think about this development?
ANS: Definitely, you are right.
The main benefit of Binance Smart Chain is rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange. Cheap transaction fees that reach as low as 1 cent. High performance with a network capable of producing a block every 3 seconds.
This was the major reason we adopted the BEP-20 standards
Q .Why use DeluxProtocol?
Ans: We live in a world where convenience has become the great commodity. Our time is precious, and anything that cuts down on wasted time is seen as a boon. Unfortunately, sometimes this convenience can lead to a degradation of quality. It’s all well and good to offer a wide variety of products, but it’s a vastly different matter to have everyone involved knowledgeable on all products. Sometimes the quality of care you receive is not as extensive as what you would get from someone who specializes in the product you are after.
We don’t need to tie you down with unrelated offers or find other ways to grab your business, because our sole concern is Escrow services. We don’t need to insert non-Escrow related services into our platform to make it more appealing, because that is not why you need us. You need us for Escrow services, and that is what we deliver. No gimmicks, no loopholes, no wasted time.
All of our time and effort goes into Escrow services. We believe this commitment and superior quality of service is what sets us apart from our competition, and what makes us the wiser choice in all Escrow related services.
Q .How is Delux Protocol development going? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?
ANS: So far, our team is on track as far as development is concerned. If you noticed, we already have a secured platform where details about our project is seen. Also, we have plans to list on Pancake swap.
Not withstanding, we are in collaboration with top influencers to see how they can help to create publicity for Delux Protocol
We are also here with your community, having this conversation to tell you more about our project and attract investors
Q.We’re concerned about 2 things — Marketing and Rugpull. What are your marketing plans? How can you guarantee us no rug-pull?
Ans :Delux protocol is a fast growing community with strong team of marketers. We’re fast taking over the crypto space. We will move further by listing on pancakeswap, bakeryswap and binance in future.
This is a guarantee that there won’t be rug-pull.
Q .Actually, now I see a lot of scam projects in the community that make people afraid to invest. Can you tell me Your platform is working fine? What evidence shows us that?
ANS:There is never a perfect system. What we have decided to do as a team is to make sure we keep to our words and deliver on timelines.
Bad eggs does not mean that there are no good ones. So we leave you to make a critical decision at this moment.
Our major selling point still stands on the fact that we have a 100% use case: Providing Classic Escrow Services
There are lots of new protocols launching that are designed to bring non-ethereum tokens to ethereum via a bridge. Is this something as a lending service you are looking forward to?
ANS:We hope to expand into various aspects.
Actually, now I see a lot of scam projects in the community that make people afraid to invest. Can you tell me Your platform is working fine? What evidence shows us that?
ANS:There is never a perfect system. What we have decided to do as a team is to make sure we keep to our words and deliver on timelines.
Bad eggs does not mean that there are no good ones. So we leave you to make a critical decision at this moment.
Our major selling point still stands on the fact that we have a 100% use case: Providing Classic Escrow Services.
CONCLUSION.
We would have love to attend to all questions but we have another AMA, I hope we satisfy the answered questions so far.
WE WILL LOVE TO INVITE THE COMMUNITY TO JOIN US ON OUR PRESALE STARTING ON THE 20TH OF APRIL
THANK YOU SO MUCH FOR YOUR TIME
WE LOVE CRYPTO INFINITY COMMUNITY!!
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