LBank AMA Recap with EXVA

EXVA AMA RECAP

Introduction:

Guest: My name is Ryu DoHyun from TEAM Exva. It is an honor to be listed on LBANK.Since English is not my first language, I ask for your understanding even if the answer is a Little late. Thank you.

First Part:

Q1. In every project, the Ambassador plays an important role. Do you already have an Ambassador program?

Guest: EXVA is also deeply thinking about the Ambassador with the project. Our project is Not just about the exchange of tokens, but is deeply thinking about a true partnership that Can grow with each other. I already have partnerships with people from all walks of life such As university faculty and the media, but I think the more important thing is the linkage Between blockchain projects.Users don’t adapt to change very quickly than they think. It Takes time to change the existing system you are using. Conversely, a system that has Already been adapted is not only highly loyal, but also has a high rate of acceptance of the System associated with it.for example, users using Android don’t have much resistance to Using other Android-based smartphones.however, when users who used only Android Change to iPhone, they experience many problems such as the APP or interface they use. We Are paying attention to this. The other partners we are affiliated with become our Ambassador. We implement a kiosk-based payment system and universal wallet and share it With our partners. It is not just for us, but we support projects that have built different Business areas to use our system as it is. This applies not only to blockchain projects, but also To exchanges. Because all projects using our system become our Ambassador. We are Building a payment system, but the part of the business that needs to use it is very broad. Considering that most blockchain projects are startups, it is not possible to pioneer Businesses in various fields at the same time. We try to solve this problem through system Sharing with our partners, and furthermore, with the relationship of Ambassador, who can Promote EXVA to users in each market.

Q2. How do you plan to spread awareness about your project in different countries where English is not spoken well?

Guest: um…. Ok this is question for all languages, not just English It is true that it is very Difficult to deliver a project to a location other than the project’s native language. This is a Question that includes the will of the Foundation. Since the start of the project in 2015, the EXVA Foundation has been conducting education and public relations work on blockchain Other than EXVA through various methods. This is a way to get your project closer to Potential users.To this end, we produced and distributed card news, infographic, and Animation, and at the same time, we also opened a blockchain school or special lectures to Users who do not know anything about the blockchain. In order to allow users to judge the Project themselves, the press guided how to distinguish the project, and all of these Methods have ultimately led to the promotion of the project.In other words, introducing a Project to a region with a different language, or introducing a project to a region with abNative language can use the same method.however I think it is more important to promote The project to users who do not yet know the blockchain itself or have a negative image than In other regions of the language.

Q3. What is your future roadmap like?

Guest: EXVA is currently manufacturing universal wallets. In fact, if it is not the Mainnet, there is a problem of centralization, so you do not need a wallet. However, we are Aware of the necessity of blockchain payment tools and universal wallets to process kiosk Payments and are in the process of making them, and the demo version will be released Around August 2021.universal wallets can contain various cryptocurrencies as well as EXVA, And you can check SNS or progress for each project, and use real-time payment through API Interworking with exchanges to fiat currency, credit card or cryptocurrency at kiosks and Online malls. You can make a payment.in addition, EXVA Travel, which was temporarily Suspended due to Corona, will be reopened within the year 2021, and EXVA Leisure and EXVA Games will be opened in 2022, starting with the EXVA Travel.In the second half of 2022, We will open a data market that can be used for product production and marketing again by Reprocessing the payment data using EXVA universal wallets and payment tools. To elaborate A little bit on the technical roadmap, first, EXVA is currently produced in two platforms, ERC And BSC-based. At the time of opening of the universal wallet, TRX-based EXVA is additionally Released, and an EXVA swap pool is created separately to provide a pool to exchange tokens For each chain in the swap pool.In the case of the data market, the personal information Provided is always provided only for the part where the consent of the user was obtained at The time of payment, and non-individual companies use NFT as a certificate to provide data.Each company is implemented so that they can acquire NFT by purchasing EXVA utility Tokens in order to acquire the correspondingNFT.

Q4. What is the real practical use case of EXVA project and What problem does it address to Solve?

Guest: Payment through EXVA has already been implemented through EXVA Travel, which Was conducted from 2017 to June 2018. Payment at EXVA does not mean payment with only Blockchain, so cryptocurrency. Users have the right to decide which payment method to Make. If payment is made with cryptocurrency just because it is based on blockchain, the Platform cannot be loved for a long time. We apply the same method as the general Payment method that users have already experienced. Users are given the right to choose From the payment window. The first thing we need to be careful about is the smooth API Connection with the exchange.Most of the blockchain payments are made in cryptocurrency To sellers who sell goods.If the seller recognizes the value of the cryptocurrency, there will be No problem, but many sellers still believe that the value of the cryptocurrency will be Appreciated.The problem is that they don’t admit it. In order to solve this problem, EXVA Makes both purchases and purchases simultaneously through API interworking with Platforms and exchanges.The burden of deposits or sellers receiving cryptocurrency will be Eliminated. In addition, the actual transaction history is added to the records of the exchange Of cryptocurrency, which has the advantage of expanding the liquidity supply. In addition, Each country may have different exchanges available to users, and the bases that are carried Out on those exchanges may be different.(ex, ERC/BSC/TRX)As a result, we are solving this Problem by organizing TOKEN for each region and creating separate pools.

Q5. How does the team plans to overtake your competitors?

Guest: EXVA has no intention of overtaking its competitors. The market size of the payment System we are working on is very broad.We hope that EXVA will be remembered as one of The many payment methods used by users. Some users can pay by cash in the traditional Payment method,You may prefer to pay by card, or a pay issued by a general fintech may be convenient wants these various payment solutions to be installed on A blockchain-based payment platform called EXVA. Within EXVA’s platform, users can Experience and choose a variety of payments. All data obtained through this will be once Again sent to manufacturing companies and advertising companies. By being provided Again, it does not end at one consumption, but focuses on drawing a continuous virtuous Cycle structure through one consumption.in addition, we will do our best to increase the Scale of the entire blockchain market through continuous exchanges and collaborations with The same cryptocurrency foundation.

Second Part (Questions from tg group):

Q1. Until what corner of the world do you plan to arrive? That is, to what extent in the world Do you think EXVA will be solving people’s problems with their infrastructure?

Guest: EXVA does not intend to change all payment systems. Existing payment system Is absolutely necessary. Because people are looking for something familiar. However, the key Is that all the data obtained through payment will be reused. So the goal is to deliver the System to all countries where payments exist, but it doesn’t change everything. However, it Will be the system that adapts to the changing system the fastest.

Q2. To be a great platform for both Investors and for it’s users Transparency and security is Important. Can you tell us some details about your transparency (likes team members) and Your security mechanism. Have you already completed the audit of your platform?

Guest: This is a very important question. EXVA transparently receives everything from code Security, legal, and financial audits.

Q3. In the long run, why should we trust and follow you and your project? How do you raise Awareness and elimination of the doubts of investors / partners / customers?.

Guest: First of all, we have been working on the same project for 6 years with the same Subject, and we will continue to do so in the future. We don’t talk about big technological Changes. Since we are interested in the change of perspective and popularization of the System, we are confident that we will settle before any system.

Q4. Rising price causes community grow and falling causes throwing NEGATIVITY. How does EXVA handle the issue of negativity when the price falls? What are your plans to grow and Strengthen a product-oriented, not price-oriented community?

Guest: This is an area that many users are interested in. Because of this, we are proceeding With blockchain payment and general payment at the same time and processing the Corresponding payment data to scale. The reason why companies are implementing the System so that companies can use our system in addition to transactions and use between Users is because users continuously flow in through a continuous virtuous cycle.

Q5. Which jurisdictions is EXVA planning to launch at first? Surely because your plans are so Ambitious with decentralized and traditional finance, it can offer some regulative issues in Some jurisdictions. Are you looking to expand your solutions globally?

Guest: That’s a great question. The initial mistake not only for us, but also for the entire Blockchain was due to the lack of understanding of the existing industry. In the early Days, we also had the experience of failing to completely ignore the existing industry from The same point of view. After this failure, EXVA is thoroughly going on the path of Convergence with the existing industry. When introducing a payment solution, the first thing To do is to collaborate with an existing kiosk company.

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