LBank AMA Recap with XIASI INU
My name is Mitchell Horstman and I am the developer of Xiasi Inu. I have been actively invested in crypto for years and decided to develop my own, Xiasi Inu, on the Binance Smart Chain. I am originally from The Netherlands and based in Amsterdam.
Xiasi Inu ($Xiasi) is a decentralised, peer-to-peer digital currency, developing a community-driven ecosystem based on its native Binance Smart Chain token. We are a token with purpose and the main reason behind the creation of this token is to bring unity within the community in order to directly support charities and people in need world wide through a charity wallet (that will later be linked to Xiasi transaction fees). What better way to do this than through the name Xiasi Inu, a Chinese doggy that is respected by people as it’ll bring wealth to the families.
Q1. Let’s get into some personal things. Can you tell us about your team members or your story of creating The Xiasi Inu?
Guest: Xiasi Inu, although launched 14 days ago, has been a creation of mine a while back where I imagined a project in the hands of the holders. The best way to do this was by burning the liquidity, aiming to relinquish ownership and following our core values of community, passion, transparency and security, to allow the community to become the face of Xiasi. I am determined to drive this token to a point of major significance where it will be utilised in combating challenging dilemmas within our society and offer appropriate solutions where possible.
Q2. Can you give a brief overview for tokenomics and token supply? Would there be any form burns and Buybacks? What does that aim to achieve for you and does it include any form scarcity paths such as stake, store, or burn?
Guest: XIASI is a frictionless, high yield-generating contract on the Binance Smart Chain. The swift transactions provided by the innovative Binance Smart Chain allows for us to develop a contract with a rewarding and deflationary mechanism comprised of 4% autonomous LP acquisition and 4% back to the holders. This acts as an arbitrage resistant mechanism that secures a portion of the volume of Xiasi as a rewards for holders. Also, the addition that’s added to the LP, will consistently drive the price floor up, allowing for a more and stable Xiasi economy. Initially when Xiasi launched, 40% of the 1,000,000,000,000,000 supply has been burned to reduce the total circulation and slowdown inflation rates. One of our values is security and it is of paramount importance as a developer to retain this. To begin Xiasi opened with a fair launch, so that no one including the Xiasi team takes advantage of the price from a presale. We’ve also came up with an anti pump-dump-exit whale mechanism to ensure that holders will not be able to control and damage the market when selling. Transactions are capped at 0.2% of the total supply, thus, huge buys and sells are limited to execute whales and stabilise the Xiasi economy. Since Xiasi is a community driven token we believe that all holders should have similar chances and no one to be affected by huge holders who are trying to make a quick buck.
Q3.Investors seem to only care about the price of the token instead of the real value of the project, how does Xiasi Inu attract newcomers and keep members long-term with the project? What is the real value of Xiasi Inu?
Guest: As the crypto market continues to grow, many people see it as a get rich quick scheme and often newcomers tend to ignore the technology and purpose behind the project but rather simply the initial price and potential growth in price. More people would be interested in the meaning behind the token when they learn that Xiasi Inu is actually driven to assist the less privileged and by investing in this token, customers would not only be benefiting themselves, but also those in need. Not only this, but we have a team who are consistently working around the clock looking for new innovations that will further aid the growth of Xiasi Inu.
Q4. What is your long-term vision about the industry in which Xiasi is working at? Are you afraid someday there will be another project with more innovative technology that can replace Xiasi?
Guest: In the current climate, projects are birthed every day with more innovative attributes and technology, however, none of which will replace Xiasi Inu. Xiasi Inu is always striving to find means and solutions to better the project. Once of which is integrating a sustainable ecosystem that will keep Xiasi relevant. The ecosystem consists of a future XiasiSwap where members will be able to trade and utilise their tokens on the site, facilitate an IDO platform, whereby other tokens are able to launch on our site and support a variety of charities, which will increase both recognition and liquidity for new tokens and lastly Xiasi merch. Xiasi users will be able to purchase merch such as t shirts, hoodies, trainers, etc with Xiasi tokens. We also look to collab with iconic name brands once we’ve made a name for ourselves in order to gain more recognition worldwide. Although these are some of the basis of our ecosystem, we plan to always develop it and add more to keep holders and investors highly satisfied and connected to Xiasi Inu
Q5. How do you attract non-crypto users?
Guest: The crypto industry is growing at a substantial rate, where now majority of the people worldwide are familiar with the “crypto” term. However, we want to push this further and get on board as many people as possible even those who are not familiar with the “Crypto” term.Prior to expanding to a greater target audience, we have designed a well written and thorough guide on how to purchase Xiasi Inu, as it requires a few steps. This is to allow new members to invest with ease and encounter minimal problems. We value our community and strive to establish Xiasi on large exchanges in order to reduce the number of steps it takes to purchase our token. Doing so will attract more buyers as they can simply sign up to an exchange and convert to Xiasi.Our next step is to contact influencers (which we already have) who have an understanding of crypto and have a huge target audience of all ages to help promote Xiasi Inu. In the future, we look to have campaigns in busy cities where Xiasi Inu posters and flyers (with barcodes that directs members to the site) will be circulating to attract a multitude of investors.
Second Part (Questions and answers from Telegram Group)
Q1. Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Guest: Xiasi inu has already burned 46.7735% off the total supply at a current value off $2,385,448.00.
Q2. How soon can we expect the NFT market?Where can I buy your tokens now What is your current agreement and how can I buy them..??
Guest: We are working on implementing NFT’s to Xiasi Inu however we want to do this different than most other tokens who are doing NFT’s we want to work with known artists aswell as implement rewards in the form off NFT’s for our community.
Q3. Does your project support staking program?if yes. How is your stake system work, what is the requirement for user if they want to stake in your platform?
Guest: The Binance Smart Chain offers innovative solutions to programmability and interoperability. Which gives Xiasi Inu the possibilty to implement staking programs, momentarily we are working on setting Xiasi inu’s first staking pool!
Q4. What is the ultimate vision that your project is trying to achieve within the cryptocurrencies market?
Guest: The ultimate vision Xiasi Inu holds is to become a known name in the current Crypto platform we do not let that over to fate by staying on top off the current market and keep innovating Xiasi Inu together with our community and dedicated moderators we feel confident that by our hard work we will reach our ultimate vision!
Q5. How does Xiasi Inu provide transparency and safety for their users and What sort of a reward structure is there for the token holders?
Guest: The core values Xiasi Inu holds Community, Passion, Security and trust are off the upmost importance to show all our potential investors.We provide our community with full transparency by providing them all the news and to not hold back anything from the community full transparency is what we stand for.We provide all our holders with a reward structure off 4% per each transaction according to there wallet size. Sit back relax and watch your $XIASI balance grow!