LBank $FXY AMA RECAP

7 min readNov 3, 2023

On 3 November 2023 ,Lbank held an AMA with the $FXY team in the Lbank official telegram group , those ones who had missed this session can see the recap of the AMA here and can read the transcript of the session again .

INTRODUCTION

GUEST:

Floxypay Wallet:

The Floxypay Wallet is a secure and user-friendly blockchain-based solution designed for storing, sending, and receiving cryptocurrencies. It prioritizes the security and control of users over their digital assets, offering a convenient means of managing their cryptocurrency holdings. The wallet is an integral part of the Floxypay ecosystem, providing users with a safe and reliable platform to interact with their digital assets.

FXY Token:

The FXY Token is the native cryptocurrency of the Floxypay platform, built on the Polygon blockchain. It serves as the backbone of the ecosystem, offering a range of benefits to users. These benefits include discounted trading fees, cost advantages for hotel and flight bookings through Floxypay Travel, and participation in a royalty bonus program. The FXY Token plays a central role in incentivizing users to actively engage with the platform and enjoy various rewards, ultimately driving the adoption of cryptocurrencies in everyday transactions.

https://play.google.com/store/search?q=floxypay+wallet&c=apps&hl=en&gl=US

Here is a link to our application, would love if you could try it out and give me a feedback on, how you liked it

My name is Pranav, and I am the marketing head at Floxy Pay Payments solutions.

Up until now, we had a very successful Payment Gateway in operation. Now we are launching auxiliary functionalities, that will make the use case of Floxy pay mainstream. The auxiliary functionalities are 1) A decentralised Crypto Wallet

2) Our Native crypto token FXY Token

SECTION1

What makes your project different from other projects?

Guest:

Our project, Floxypay, stands out from other cryptocurrency and blockchain projects in several ways:

1) Comprehensive Ecosystem: Floxypay offers a holistic ecosystem that combines cryptocurrency trading, decentralized wallet management, a crypto payment gateway, and seamless integration with the travel industry. This comprehensive approach provides users with a one-stop solution for all their crypto-related needs, making it more convenient and user-friendly.

2) Diverse Trading Options: Our trading platform supports spot, margin, and futures trading, catering to both novice and experienced traders. With over 80 listed cryptocurrencies and fiat pairs, including INR and USD, we offer a wide range of options to meet users’ investment requirements.

3) Decentralized Wallet: The Floxypay decentralized wallet is designed to provide a secure and convenient way to store, send, and receive cryptocurrencies. It prioritizes user security and control over their digital assets.

4) Crypto Payment Gateway: We offer a crypto payment gateway that allows businesses and individuals to accept cryptocurrencies with minimal transaction fees. This promotes the mainstream adoption of digital currencies as a viable form of payment.

5) FXY Token: Our native FXY token provides various benefits, such as discounted trading fees, cheaper hotel and flight bookings, and a royalty bonus program. This token incentivizes active participation in the Floxypay ecosystem.

6) Wide Range of Supported Cryptocurrencies: We support over 80 cryptocurrencies, including popular digital assets and emerging tokens. Additionally, our platform facilitates seamless transactions with INR and USD, eliminating the need for complicated conversions.

7) Security Measures: Floxypay prioritizes security with measures like encryption, cold storage, multi-signature wallets, two-factor authentication, and adherence to KYC/AML guidelines. Regular security audits further ensure the platform’s safety.

8) Transparent Pricing: Floxypay Travel provides transparent pricing and exchange rates for users, ensuring they have full visibility into the cost of their bookings. This helps users make informed decisions and avoid unexpected surprises.

9) Loyalty Program: Our loyalty program offers exclusive rewards and discounts for users who make travel bookings with cryptocurrencies, enhancing their overall experience.

In summary, Floxypay differentiates itself by offering a comprehensive and user-friendly ecosystem, security measures, and benefits through the FXY token. We aim to simplify and streamline the use of cryptocurrencies and promote their adoption as a mainstream form of payment.

We also, believe in giving back to the community, we have amazing Airdrops ad referral programs in action. Join our telegram community to know more about these offers https://t.me/floxypayofficial

Question 2

2. As we know, every successful project has a story behind the scenes, what is the story behind the success of $FXY? Is there a special prototype or upcoming $FXY update you’d like to show/share with us?

Guest

The success of $FXY, the native token of Floxypay, is built on a strong foundation of vision, innovation, and dedication.

Vision and Mission: Success often begins with a clear and compelling vision. In the case of $FXY, the project’s vision is to simplify and streamline the use of cryptocurrencies in everyday transactions, from trading to travel. This vision aims to make cryptocurrencies more accessible to a broader audience and promote their adoption as a mainstream form of payment.

Innovation: To succeed in the rapidly evolving cryptocurrency space, innovation is crucial. Continuous development and improvement of the Floxypay ecosystem, including the FXY token, are essential to keep up with market demands and offer unique features or services that set the project apart from others.

In an exciting development, Floxypay is soon going to launch its trading platform. This trading platform will offer a comprehensive range of options, including spot, margin, and futures trading, empowering users to explore the dynamic world of cryptocurrencies. With over 80 listed cryptocurrencies and fiat pairs, including INR and USD, it will provide a diverse and robust trading environment to meet users’ investment needs.

Question 3

3. What are the key features or advantages that set Floxypay (FXY) apart from other cryptocurrencies and payment solutions, and how does it plan to drive mass adoption in the crypto space?

Guest:

To drive mass adoption in the crypto space, Floxypay focuses on simplifying and streamlining the use of cryptocurrencies in everyday transactions, from trading to travel. By offering a comprehensive ecosystem and user-friendly solutions, Floxypay aims to remove the complexity often associated with cryptocurrencies, making them more accessible to individuals and businesses. Additionally, the transparent pricing and competitive rates, as well as the loyalty program, aim to incentivize more users to use cryptocurrencies for their everyday needs.

You can install our application now to participate in a 3 Level Referral Program, and start earning FXY tokens right away.

https://play.google.com/store/search?q=floxypay+wallet&c=apps&hl=en&gl=US

The upcoming launch of the trading platform will further enhance Floxypay’s offerings, providing a seamless and secure environment for users to engage in digital asset transactions and leverage the benefits of decentralized finance (DeFi) solutions. This expansion is expected to contribute to the project’s mass adoption efforts by catering to a broader audience of cryptocurrency enthusiasts and traders.

Question 4

What is the vision of $FXY? How much supply $FXY? Which chain supported? Which wallet and exchanger listed?

GUEST:

Pranav Singh:

The vision of $FXY is to simplify and streamline the use of cryptocurrencies in everyday transactions, ultimately driving mass adoption of digital currencies. The project aims to create a comprehensive ecosystem that offers solutions for cryptocurrency trading, decentralized wallet management, a crypto payment gateway, and integration with the travel industry. By providing these services, Floxypay envisions making cryptocurrencies more accessible and user-friendly, removing the complexities often associated with digital assets, and promoting their mainstream adoption as a viable form of payment.

We currently have a Total Supply of 5 Billion Tokens

Sharing the tokenomics below, so that the users can understand better.

5. What’s the usecase of you native token in the crypto market? What makes your project standout from the rest of the other similar competitors?

Guest:

The native token of Floxypay, $FXY, serves several key use cases in the crypto market:

1) Discounted Trading Fees: $FXY token holders can enjoy discounted trading fees on the Floxypay platform. This incentivizes active participation in the platform and trading activities, as it significantly reduces the transaction costs associated with buying, selling, and exchanging cryptocurrencies.

2) Cheaper Hotel and Flight Bookings: Using $FXY tokens for hotel and flight bookings through Floxypay Travel offers cost advantages. Token holders can take advantage of discounted rates and enjoy comparatively cheaper bookings. This provides an additional benefit for travelers who prefer to use cryptocurrencies for their travel arrangements.

3) Royalty Bonus and Other Benefits: Floxypay rewards $FXY token holders with exclusive benefits, including a royalty bonus program. By holding $FXY tokens, users become eligible for bonuses and rewards based on their token ownership and engagement with the Floxypay platform. These bonuses can be in the form of additional $FXY tokens, discounts, or other perks, providing further value to token holders.

In addition to these use cases, users of the Floxypay ecosystem can also swap the FXY token for any other cryptocurrency they desire directly within the Floxypay Wallet application. This feature enhances the utility of the FXY token and provides flexibility for users to manage their cryptocurrency holdings according to their preferences.

SECTION 2

@AdeRachmansyah

I AM INTERESTED to investigation in your project. When and where can i buy your tokens? Is it already listed exchanges?

Guest:

Currently we are listed on the below 6 exchanges. You can purchase our token on any of them.

1) LBank

2) Bitmart

3) XT

4) MEXC

5) Uniswap

6) Quickswap

Or, you could install our mobile application, and purchase FXY tokens directly from there

@Captain_Back

Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

Guest:

No, not yet. We will let our community decide, when its desirable for them to burn the tokens.

@williams_2244

Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product? @Pranav_si

Guest:

Our ideal customers are the global audience, for whom we wish to make Crypto a mainstream mode of financial transactions

@Elizabeth_malek

Since NFT is popular nowadays,$FXY is there a plan for NFT integration?

Guest

On our wallets you will soon have NFT Integrations like marketplaces.

@alhamdulillah7468

What do you have?

1️- Telegram Group

2️- YouTube Channel

3️- Medium

4️- Discord