LBank AMA Recap with RBT
On 31 March we held an AMA with the RBT, hosted on LBank official telegram channel. If you missed this telegram session, here’s another chance to get a full transcript of the AMA event.
Rubix is an L1 blockchain built over the last 4 years to solve the issues of scalability, security, privacy & high gas costs. The core team has built a successful cyber security business over the last 10 yrs & has strong experience in cryptography. I am Founder & chief architect of Rubix. We have a highly passionate core & community devs
We have apps being built across 12 different sectors now. Total RBT supply is hard capped at 51.4 million.
1. How did you involve the community in developing the $RBT project? and how do you build a strong community to grow globally?
Only 8% of all coins are mined by core. Rest is all mined by community which has been developing apps.
So our project had been community-led from the beginning.
Going forward, we have more than 12 apps being built globally across sectors like ESG, carbon trading, NFT, HR, compliance cloud, storage, etc.
Also, we will list on major exchanges like LBank, which helps to grow community.
2. Did you conduct an audit? If you did, who did it and where can we look at the auditing report?
We are in the process of audit by the most well known cert agency will complete in 6 weeks & publish
3. What’s your main focus right now, are you focused on the community or market/Exchange or the products?
We are focused on onboarding apps & real world use cases. Rubix is built for that. Aim to have 1000+ apps by 2022 end. So growing community is the target. Want to switch many Web2 apps into Web3 using Rubix.
4. What are $RBT token functionalities? What is your plan to increase the demand and scarcity of the token ?
$RBT is the native utility token of the Rubix chain. Rubix has zero gas fees! It is easy to build apps & do txns. But txns need at least 1 RBT. As apps scale, utility demand for RBT increases. Supply is limited at 51.4 mn. Also RBT will be locked up by real app use cases
Also, newly mined RBT need staking of existing RBT. Rubix makes transactions easy, but mining secure
As each difficulty level changes, cost of mining goes up. Current diff level is 64:1, next one is 128:1.
So long term owners of RBT benefit
5. NFT is a hot topic. Does your project think that more real world use cases will emerge for NFTs as time goes on? and if yes, which are the most promising you are foreseeing?
Good question. We are very bullish in long term real world NFT use cases. Music, real estate, carbon credits, diamonds, securities, advertising all great use cases of NFTs
They are just beginning to be explored. One of our community apps building Music NFTs.
Other community members building carbon credits as NFTs
One of our other members building diamond backed NFTs
Real estate is a $320 tril market that will be tokenized as NFTs
RUBIX IS GREEN this is what you say on your website.
Kindly tell us in which ways Rubix is Green? How Nature Friendy is Rubix and is this sustainable?
Rubix is peer to peer truly. It consumes less energy than centralized solutions. It does not need energy intensive PoW to secure. It can run in existing laptop or VM. It does not take extra energy
When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?
Already listed on including LBank. Another top 25 exchange next week & a top 5 by May
While I was making research about Rubix, I saw the Post Quantum Immunity feature. Can you please explain the working mechanism and the benefits of this technology? How will Post Quantum Immunity add value to Rubix?
Post quantum security is Avery important longg term feature of Rubix. This us due to use of patented non linear secret sharing crypto. This gives security beyond quantum computers
Can you share some details about the Latest Major Achievements made by your project? What is the main Target for the Future of your project?
Guest: We want everyone including Web2 apps like Uber & enterprises to onboard Web3. We have partnered with YMCA globally to bring 140 mn of their users onto NFTs, payments & green initiatives. YMCA is a $8 billion revenue nonprofit org
L1 blockchain sure sounds like LBank. Do you have plans on making it a revenue-generating token
We don’t plan ourselves, but there are revenue generating opportunities for apps & token holders through staking