LBank AMA Recap with SUBX
On 21 February we held an AMA with the SUBX, hosted on LBank's official telegram channel. If you missed this telegram session, here’s another chance to get a full transcript of the AMA event.
Adam — read bio:
Hello everyone! My name is Adam, CEO of SUBX FINANCE LAB.
I can be found here: https://www.linkedin.com/in/adamihsanwen
We are a blockchain-as-a-service provider for businesses to integrate web3 technologies into their products and services.
Our products empower businesses to innovate with blockchain, metaverse and decentralized finance technology — in a simple, fast and cost-efficient manner. Usage of our products is billable in our native token ($SFX).
First five AMA Questions (First Part):
What is your plan in 2022 for project development?
Although we are two months old, we have already released six products and will be adding more products in the next three months. Businesses and users are required to hold/stake/pay with the SFX token to access our products.
We are focusing on building products that can drive the demand for our token. A sneak peek: our next product is an NFT/metaverse product that allows anyone to create their own virtual spaces.
Learn more by checking out our website and whitepaper
Do the token holders have right to participate in the governance of the project?
We recently released a voting platform for holders to cast proposals and votes. We have an attractive 80% APY staking pool governed by the community. While waiting for us to build our products, you can stake your $SFX token for 80% APY today ⚡.
You can join our community on Telegram and Discord!
Currently, most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice on why they should buy and hold this token/coin in the long term?
We are a registered company based in Singapore, with ten full-time team members. We have physical offices in Singapore and Lisbon.
Our mission is to empower businesses to innovate with blockchain, metaverse, and decentralized finance technology.
To achieve that, we are creating scalable products and solutions that require $SFX. In time, as we scale, the demand for $SFX will scale exponentially as well. We are well funded and have substantial fiat reserves to operate for many years
It’s 8.22 pm in Singapore and the team has left, but here is a real-time photo of our office!
We will work hard and do whatever it takes to improve our project, products, and attractiveness.
When it comes to platforms like Attrace, security is a fundamental pillar. What are the security protocols that you have included in your platform to protect all the assets and products of your main commercial partners and users? How invulnerable are they to malicious attacks?
There are many components of hosting web3 solutions. We audit our smart contracts, use networking software to mitigate stress on our servers, and deploy web firewalls to prevent breaches.
There is technology risk in all projects; we do our best to reduce these risks.
We work with our consultants, audit partners, and security firms to ensure we can create secured and scalable products for our users.
It’s a lot of tokens listed in LBank, why LBank community should notice yours? And why we should buy it or trade with it?
We are directly bringing blockchain, metaverse, and decentralized finance technology to businesses worldwide — this is huge! With more than 50 clients using our products in our two months of operation, we are confident we can scale and bring our project to greater heights.
When people think of online payment integrations, they think of Stripe and PayPal. In the coming years, when people think of Web3 integrations, they will think of us.
You can purchase $SFX today from LBANK and Pancakeswap — then stake it for 80% APY on our staking platform. This way, you can receive the upside of our growth — while mitigating market conditions with staking rewards.
If you would like to learn more, join our telegram group at https://t.me/subxofficial and join our weekly live AMA sessions on Youtube ⚡.
Selected five Questions with Answers from the Telegram community (Second Part):
On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?
Great question, our token contract uses pre-audited code provided by Trustswap. The contract has been audited by Certik and Hacken. You can check our code on bscscan!
Yes we do! As mentioned, our next product is an NFT/metaverse product that allows anyone to create their own virtual spaces.
It is really cool and we had really positive feedback from our early testers. Do join our telegram group for the latest updates — https://t.me/subxofficial.
We have an affiliate program that is coming up soon, where you can earn up to 500 USD for every business you refer to use our products
What is your top 3 things for priorities in 2022? Could you share some plans for the upcoming year?
- Build great products
2. 2. Acquire more businesses and users
3. 3. Significantly increasing the discoverability of our project
You can purchase the token on LBANK, Pancakeswap, and Probit Global. We are planning to list 2 more exchanges in the next 3 months.
Thank you all for tuning in. Here are some links for you to check out.