LBank AMA Recap with VEX
Introduction:
GUEST:
CryptoMaster77 (Velorex Co-Owner) Never DM 1st:
My name is Thanos Lampropoulos, I’m 29 years old and I’m Co-Owner of Velorex. I have studied business administration at one of the top institutions in my country, which has given me the knowledge to be able to succeed in the business area. I have also worked in the private sector in marketing & human resources, plus attending a lot of business and marketing seminars. I’m currently acting COO and marketing manager of Velorex.
Velorex is a decentralized finance and technology
company located in Europe that provides hardware
and software solutions to manage crypto and fiat
currency. Our mission is to bring about greater literacy
and adoption of cryptocurrency through the provision
of fair, safe, and well-designed tools such as
1) ATMs
2) 2) Debit Cards
3) 3) Smart Wallet
Mr Todd ツ | Won’t DM 1st:
Our project, Velorex, operates as an officially registered company under the name VelorexTech SRL. Our headquarters are in Bucharest.
First five AMA Questions (First Part):
QUESTION 1:
Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
GUEST:
Our initial supply is 500m and the current circulating supply is 385m, after all the burns that happened manually from the team, and after the burning % we have out of every transaction on the pancakeswap. The tax right now is 10% which is divided into 6% development & marketing wallet, 2% burn and 2% liquidity. This tax, once we roll out the ATM network (soon) will be cut in half, that is 5%. In the future this might go even lower if the team sees fit and the ATM network is well spread.
There is also a plan to buy back and burn manually in the future.
QUESTION 2:
Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?
GUEST:
CryptoMaster77 (Velorex Co-Owner) Never DM 1st:
Our security is the most important thing for us. We want investors to be able to go to sleep at ease, and feel that their investment is safe with us. Thats why we have been audited by the top block chain security company, Certik. Our scores are very high, and no severe problem has appeared that threatens our security.
Mr Todd ツ | Won’t DM 1st:
We had excellent results on our Certik Audit.
QUESTION 3:
Could you name some of Structure finance’s partners? What are the benefits that you get from them? And is there any partnership that will be established in near future?
GUEST:
Sure of course
So far we have partnered with Coingegko, Coinmarketcap, Cointelegraph, BscNews, Certik, Flooz and there are more to come. There is a very big partnership that i’m trying to seal the deal with, but you can understand that until the deal is signed, i cannot mention any names. There is also a lot of interest in projects wanting to get listed on our ATM’s ,so future is definitely bright for Velorex!
Mr Todd ツ | Won’t DM 1st:
You can buy Velorex tokens instantly on our website using Apple Pay, Google Pay, credit / debit card etc.
QUESTION 4:
Can you explain the plan to bring VELOREX to the top Altcoin, and get people to want to keep their funds in VEX tokens? considering the competition in the cryptocurrency world is very tight!
GUEST:
The plan is simple, Marketing & Development. As i have said before multiple times, Velorex will never stop developing. We are already offering a great and innovative product which is the cryptocurrency ATM, with very low taxation compared to traditional ones, trading also more coins than they do, and the most important, they are not controlled by one master wallet, that means they are decentralized! The ATM’s will be accompanied by the Velorex Smart Wallet and the Velorex Debit Cards, so we offer both real life and digital ways of trading and having your financial life into your own hands. Apart from that we have unique reflection system, imagine having 5000 ATMs worldwide, people trading continuously BTC or other coins, as well as VEX ofc, VEX holders gaining reflections out of all these transactions. Truly ground breaking.
We are already thinking of the next usecases once these 3 are complete, and in what new areas can Velorex start engaging.
QUESTION 5:
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?
GUEST:
The advantages I mentioned before are more than enough to get Velorex noticed, investors can easily understand what projects are really worth for the long term and exclude them from the category of hype — meme coins. Velorex has unique use cases, as well as a devoted team, and you can expect to see us in the top Altcoins in the coming years.
Selected five Questions with Answers from the Telegram community (Second Part):
@LoretteBrandenburg
QUESTION 1:
Until what corner of the world do you plan to arrive? that is, to what extent in the world do you think your Project will be solving people’s problems with their infrastructure?
GUEST:
We are planning to go worldwide, which means literally everywhere, all continents. Our vision and goal are to be able to get the people out of the centralized bank’s control as much as possible and to help the unbanked people of the world that do not have access to any banking system to store & manage their funds, which is also a huge gap in the market because the numbers are big, and Velorex can fill that 100% with its use cases.
@Nubia_hudgens_1997
QUESTION 2:
What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!
GUEST:
You can buy our token from the PancakeSwap exchange. Join our telegram group too for information and updates
T.me/velorex_net
@Carlton_rogers
QUESTION 3:
Regarding the current market, the situation is too unstable, holding back investors. So can you give me some good reasons why I should buy your tokens in this market situation? And also why should your token holder keep holding?
GUEST:
Buy when others are scared. Red days are the best days for buying.
@TrentonPace
QUESTION 4:
For a project development first of all main priority is having enough funds. Does your team financially capable to run this project? Do you have enough funds for its development? Can you tell us that how your project generates profit?
GUEST:
Yes, our team is financially independent and we have all the necessary funding secured
https://youtu.be/78TpGqT8z5U
@Carlton_rogers
QUESTION 5:
Regarding the current market, the situation is too unstable, holding back investors. So can you give me some good reasons why I should buy your tokens in this market situation? And also why should your token holder keep holding?
GUEST:
True investors don’t care about the short-term price and market conditions. They just hold and buy more on the dip. Especially on a project like ours, with true vision. Apart from that, as I mentioned before, one very strong incentive to hold and buy more is the reflections. Once we Spread those ATMs the reflections are going to be very high, producing a very good passive income. I also need to mention that EVERYONE can become an ATM owner because we have the utility structured this way. So everyone can buy an atm and host it at his own place, gaining 1–3% out of the transactions.
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