LBank AMA Recap with $TRMX
On 10 November, we held an AMA with the $TRMX team, hosted on Lbank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.
GUEST : I am the President of World Tourism Forum Institute based in UK. Also Chairman of TourismX Token.
:) Sure. World Tourism Forum Institute is focus to develop county’s tourism. and make advisory to many Countries. Before, We make studies to Angola, Ghana, Indonesia, Dubai and many.
As the know how, we decided to develop our own token to make the tourism investments accessible. that’s the story behind the TRMX.
Question / Answers Segment
Question 1 : What is your growth plan? Are you currently focusing on the market, customers or users? Do you form partnerships for growth or expansion?
Guest answer : Thank you. With the support of World Tourism Forum Instite, on Fund side, we have already did partnership with big hotel chains. Hilton, Marriott, Accor, Radisson, Intercontinental. This is a huge step for us.
Users can see very soon our investments through the TRMX Funded.
On the pipeline we have one 5* hotel opening in March and 3 ongoing till mid of 2024.
This is the side of Hospitality. Also we are going to announce very soon partnership with The Sandbox Game.
Question 2 : What are the points in your project that will appeal to us and encourage people to invest in you? How much do you trust the security infrastructure of our project? Have you had someone outsourced tested it?
Guest answer : Security is the most important element for a token. What we did? We audited the smart contract by Certik. And now the score is live. All investors can see from the web site of Certik. What we plan? We plan to make audit by certik quarterly. This make use more safe zone about the security.
Because, the most important element for tokens is the security. If your product Is not secure enough, It does not make sense even you make Billion.
Question 3 : Currently, all tokens are dropping in price even with great partnerships, hype, marketing, working products, etc. So, what challenges do you have and plans to make your project strong and popular? Do you see it as an opportunity when the market is currently down?
Guest answer : Look. First of all price is important for us but the most important is the Ecosystem.
I think; ‘TourismX Project will generate funds through TRMX Token and then will invest these funds into carefully selected promising Tourism projects across the globe. Once these projects become profitable in total, a part of the profit (up to 50%) will be used to buy back TRMX Tokens from the market to be locked in Treasury, decreasing the number of tokens in circulation and aiming to positively impact the price of the TRMX Token.’
This is enough to make the project popular.
We are granting buyback for our investors.
Let me explain deeply; one 5* hotel makes profit yearly 3M USD min. Our investment route is make twenty 5* property till end of 2023. This means 60M net profit. and up to 30M USD buy back from the current price and lock the token for 36 months.
this numbers only from hotels. Also add restaurants and other tourism related products.
Question 4 : Revenue is an important factor in the survival and maintenance of all projects. So, how does your project plan generate profits and revenue? According to the roadmap, what is your next priority? Do you have sufficient funds and a strong community to achieve your goals?
Guest answer : As I said previous, our aim to make much as much physical investments and make these investments profitable.
Community is the key. If you do not have strong community you can not be survive in the market long term.
We have investment plan to make our community more stronger in the market.
This is important that, If you have strong community but not strong ecosystem, it does not make sense. so you have to build together.
Also, I can announce the community of LBank, marketing is another important tool. We plan to be partner with Inter Milan in 2023 for season 2024. Now we started negotiations.
For the Funding side, just a quick reminder, one 5* property is constructed with minimum 75 M USD. So you can say we have enough funding or not
Question 5 : According to the investor’s point of view: I am a cryptocurrency investor, I only care about the prospects of the cryptocurrency I choose, why should I choose your token over other tokens? What are the advantages of your token?
Guest answer : Because, it is simple. You want to put your reserves with a project has strong ecosystem. We can see a lot of tokens in the market. They have today big volume but after 1 months they go down. Why? Because they do not have ecosystem which brings cash to do buy back. We promise to our investors, with the physical investments’ profit to make buy back.
As a result, ECOSYSTEM is KING! Nobody can deny this.
Do not forget, We are locking the tokens for 36 months later to be in the market.
Question 6 : so a successful project must have many users. What are your marketing methods? Is it only focused on social media? Or is there another way?
Guest answer : We decided to be in Sports for more visibility and support the sports. That’s why now we are in discussion with Inter Milan from Italy and Galatasaray from Turkey. These are the good football team that they have huge Fun.
This is not only the marketing strategy that we are following.
We will be visible where people speaks #Tourism and #Travel.
Also, The deal with The Sandbox Game, %100 sure will bring more impact than to be on TV Ads.
Community Segment :
1. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
Telegram username — bappy lahiri
Guest answer : Tokenomics is very key. We can grant for investors, the circulating supply of tokens will be %100 in Mid of 2024. We will deliver to the market all tokens as quick as. We are very keen to hold tokens.
2. According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?
Telegram username — Anne bratton
Guest answer : Guys we are originally as an investment holding. We are developers for hotel business. Our investment program to achieve 1B USD till mid of 2024.
3. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Telegram username : Alva Pryor
Guest answer : Everybody can easily visit our web sites to get more information. 1. https://www.tourismx.io/ 2. https://worldtourismforum.net/ 3. https://wtfi.net/
4. Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future? @bulutbagciuk
Telegram username : Nelida Barham
Guest answer : For Metaverse, we did partnership with The Sandbox Game. Details will be announeced soon by Sandbox.
5. Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Telegram username : Baptiste
Guest answer : That’s why, we are very strict on buy back program.
Click here to download for iOS or Android