LBank AMA Recap with VNXAU

LBank AMA Recap with VNXAU

On 25 October, we held an AMA with the $VNXAU team, 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.

Introduction

Guest:

My name is Alexander Tkachenko, I am CEO and Founder of VNX. Since 2017, I have dipped into the blockchain and crypto industries by mentoring blockchain projects as a Managing Partner of a VC fund, and founded a platform for tokenization of traditional assets in 2018. In 2022 I launched the VNX tokenized precious metals platform and VNX Gold token.

VNX is a European platform for investment into tokenized precious metals registered with the Financial Market Authority of Liechtenstein. The first product is VNX gold (VNXAU), a multichain token, representing your direct ownership of physical gold that is certified by the London Bullion Market Association (LBMA). We are currently working on Ethereum, but with the LBank listing VNXAU will be launched on the new blockchain Q.

SECTION 2

Question1:

As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for your project? How do you ensure asset safety and return on investment of customers.

Guest:

VNX complies with the regulations and leading standards of investor protections. The tokens are generated by a company registered by a European regulator — the Liechtenstein Financial Market Authority. The gold is stored in Europe in Liechtenstein (a stable economy with the highest S&P AAA rating, member of EEA) in the authorized highly-secured vaults which maintain all necessary and appropriate insurance policies.

Question 2

These days, attempts to link real assets with blockchain, such as NFT tokenization in connection with real estate, are very impressive. This VNX Gold is the same. Please explain in detail the mechanism of how VNX and gold value are linked

Guest:

It’s not really the same thing. What matters is how exactly the asset is linked to the token on the blockchain. In the case of VNX 1 VNX Gold token represents ownership of 1 gram of physical gold in a specific bullion stored in a vault. VNXAU holders can even order a physical delivery starting from 1 bar of gold (or 1 kilo) through the platform.

Question3

Does the project have a future vision to attract investors through some? Distributions or protocols for incentive prizes for investors in light of the bleak conditions of the current cryptocurrency market

Guest:

There is a pool in DeFi where investors can participate in a liquidity mining program by providing liquidity. Income farming, which is usually associated with volatile assets, is now available for physical gold. We’ve launched the defi.vnx.li app. VNXLU is a reward token, which is a utility token of our platform and which is accepted to pay fees on the platform at market price or min 0,25 euro.

Question 4

Have you been audited? Haven’t heard you talk about that fund safety is something every investor crave and plan to flee in the event of insecurity if funds, scams and rugs pull? How strong is your security built in?

Guest:

The smart token contract has passed a comprehensive security audit by SnT (security and Trust) lab of the University of Luxembourg, one of the premier blockchain research labs in Europe.

Question 5

Currently, most projects and platforms are in English. How does VNX GOLD reach the local non-English community? Do you have a plan for them to better understand your project?

Guest:

Please visit our website vnx.li is translated in 7 languages: Arabic, Chinese, English, French, Korean, Portuguese, Spanish

Section 3

@Avengelinea

Where can I currently buy Token?

Guest:

VNX Gold (VNXAU) from today will be available for purchase at LBank. It is also available at www.emirex.com Also you can buy VNX Gold directly on our site www.vnx.io

@ic_thornton_27

Where I can get the latest updates or more information about the project?

Guest:

Official Website: https://vnx.li

Telegram Chanel: https://t.me/vnx_li

Telegram Chat: https://t.me/VNX_Exchange

Discord: https://discord.gg/5jCaPYwr3f

Twitter: https://twitter.com/VNX_Platform

Instagram: https://www.instagram.com/vnxexchange/

Facebook: https://www.facebook.com/vnx.io/

Medium: https://medium.com/@vnx

@lyle_shinn

What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

Guest:

VNX is a European regulated company so we can work with institutional investors such as banks and investment funds. Our goal is to bring such institutional money to the crypto market

@Lamont_Peachey

As a community based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System?

Guest:

VNX has an ambassador program, you can join it here: https://lp.vnx.app/ambassador-program

@shawnswank2001

Staking program is very important for every project? Can I stake your Token? Do you have any plan of starting staking programme? plz tell us sir?

Guest:

VNX Gold (VNXAU) is a token backed by physical Gold stored in Liechtenstein. VNX doesn’t offer staking but one of the exchanges where VNX Gold (VNXAU) is listed www.emirex.com is already is offering staking for VNX Gold. Please stay tuned for possible offers from LBank.

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