COINEX SMART CHAIN AMA WITH NEW BULL CRYPTO TEAM

BOSS:
Hi @SabinaBegam

Welcome to new bull crypto team community
We are proud to have you here today 🥰

Sabina
Hi, everyone, thanks for having me here, really glad to join the community and share more details about CSC with you.

NEW BULL CRYPTO TEAM ll BOSS:
So, without making a delay Let's start our AMA with basic introduction 😇

Don't forget to type "DONE" ✅ after your answer 😁

Sabina:
Ready got it

Allina:
Q1:
Would you like to let us know What is CoinEx Smart Chain?

Answer:
Coinex Smart chain- CSC is a smart contract chain created by the CoinEx public chain team for decentralized finance based on the principle of decentralization and permissionless block generation.
The CoinEx team poured their heart and soul into the creation of CSC, which is a high-performing Ethereum side-chain dedicated to open finance. This means while CSC far outperforms Ethereum, it is also seamlessly compatible with Ethereum.

Website : www.coinex.org

Done

Allina:
Q2:What’s the advantage of CoinEx Smart Chain ?

Answer:
CSC advantages:
*First of all, CSC fully supports EVM. Any EVM-based side-chain project can be conveniently migrated on CSC using the development tools it offers, which saves a ton of development costs and drives the growth of the CSC ecosystem.

*Secondly, CSC is highly efficient. On CSC, blocks are generated within seconds, and the transfer fee is less than 0.01 USDT. Compared with other public chains, CSC is extremely user-friendly in terms of frequent transfers and transactions by users and developers.

*The third advantage of CSC is its ecosystem. As a mature exchange, CoinEx supports project teams with influence and popularity. At the same time, as an institutional investor, ViaBTC Capital can also provide financing and investment services for participants of the CSC ecosystem.

Done

Allina:
Q3: could you please share with us the development plan of CSC? What can we expect in the future?

Answer:
The first stage is the infancy of the CSC ecosystem. At this stage, we will focus more on improving the CSC infrastructures and drawing more project teams. Right now, we are developing the CSC infrastructures so that more projects can become part of the CSC ecosystem more easily. Meanwhile, we have also set up a public chain seed fund to bring more projects into our ecosystem. This stage may last about 6 months.

The second stage is when the ecosystem starts to grow. At this stage, the infrastructures will be perfected, and we will concentrate more efforts on empowering CSC-based projects and hosting more developer contests. Furthermore, we will focus on helping the strong performers and engage in strategic brand cooperation with first-class projects to expand CSC’s brand influence.

At the third stage, the ecosystem will be matured. By then, we will continue to expand CSC’s community of global developers and crypto enthusiasts and foster the interaction and connectivity within the community. At the same time, we will focus more on developer services and blockchain infrastructure services to achieve our vision of “making the world a better place through blockchain”.

Done

Allina:
Q4:Do you have cross chain bridge?if yes explain about it?

Answer:
Yes.we have cross chain bridge. CSC Bridge is a cross-chain bridge launched by CoinEx Smart Chain (CSC) in December 2021. Officially endorsed by CSC, the bridge is backed by unique advantages in terms of security and reliability.

The first assets supported by CSC Bridge include ETH, BNB, USDT, and USDC. In the future, the bridge will also introduce new assets for cross-chain swapping. Relying on CSC Bridge, users will be able to transfer assets between CSC, BSC, and Ethereum with great ease.

It should be stressed that users do not have to pay any transaction fee when transferring cryptos from other chains to CSC through CSC Bridge. In the case of ETH, the minimum amount for cross-chain swapping is only 0.002 ETH, and cross-chain transfers could be completed in 10 minutes at the fastest.
CSC Bridge Official website:

https://bridge.coinex.net

Done

Allina:
Q5:What is the role of NFT in "CoinEx Smart chain"?

Answer:
Well,CSC, a PoS-based public chain fully compatible with Ethereum, has made many improvements and worked out strategic plans. From a technical perspective, apart from CSC’s support of NFT protocols, the CSC team has also adopted many convenient functions and optimizations for the CSC Explorer. In terms of project introduction, the smart chain has launched the $10 million support program, the $5 million metaverse support program, and hosted its first hackathon program.We support NFT projects too. Its open market . Anyone create coinex smart chain based NFT projects. We provide funding support too..😊

Done
Allina:
Now moving to our next segment-
Segment 2: Twitter Questions

Are you ready

Sabina:
Okay ready

Allina:
1st Q.From Twitter

"Token burn” is advantageous to any project since it allows them to regulate the quantity of tokens in circulation while also providing better incentives to investors. Is there a plan in place for token burn in your fantastic project?

Answer:
CoinEx Smart Chain is generated by CoinEx Team, and the native token of CoinEx Smart Chain is CET.It is also the platform token of CoinEx Exchange which is one of the top exchanges in the world. All circulation of CET can be checked either on CSC explorer or CoinEx exchange. We also have regular buy-backs which can be checked on CoinEx Exchange.

* The total amount of CET is 10 Billion. Meanwhile, according to the applications of CET, CET is repurchased and burned from 50% of the CoinEx everyday transaction fee, so the current circulation of CSC is about 3.8 billion. T

*The burn will take place at the end of every month until the total supply of CET reduces to 3 billion.

The detailed circulating supply, repurchase, and burning can be checked here:

https://www.coinex.com/token

Done

Allina:
2ndQ.From Twitter

Currently, most projects and platforms are in English. How will your project reach non-English local communities? Make it easy for people around the world to use your service. Do you have any plans to develop projects in different languages?tell me

Answer:
CSC currently offers Chinese and English services, but we definitely have the ability to offer more native languages as CoinEx Exchange currently offers 15 languages. In our telegram group, we also have pioneers who serves with native languages. If neccessary, we will defenitely provide more languages. In speaking of CSC pioneer program, CSC is open to inviting more native users to join us to help CSC grow community and raise brand awareness as well as bring more projects to CSC.

Done

Allina:
3rd Q.From Twitter

Do your project support the staking program? If yes. how is your stake system work, can you tell me what is the requirement for users if they want to stake in your platform?

Answer:
staking is available.Currently there are projects such as IFPool and Water Loan that allow users to stake their CET to earn additional rewards. We are working on bringing more Dex, Swap and other kinds of projects to our users. We expect that in the near future, CET holders will benefit more from holding CET.
Click to check IFpool: https://ifpool.io/
And Waterlaon: https://waterloan.finance/

Done

Allina:
4th Q.From Twitter

Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Answer:
CSC have following features
1. CSC is compatible with EVM chains, so it won’t be that difficlut for them to join CSC ecosystem.
2. The transaction fee is low and transaction speed is fast which can help developer to gain more users, as it’s more user friendly. 3. We offer attractive supports for developers who run projects on CSC. As has mentioned, we have funds support for developers, and we would do our best to help projects get more users.
4. We have enough resource to help projects gain publicity all over the globe.

*The purpose of CSC is to build a better carrier for high-quality DeFi projects. In other words, CSC is “born for open finance”. Backed by the technical support from CoinEx, CSC boasts superior technical capacity, especially in the field of finance. While equipping the CSC team with deeper insights into finance, such a background also makes it kindly aware of the demand of DeFi developers and users for a public chain and technically capable of building the kind of public chain developers need.
Furthermore, relying on CoinEx’s ecosystem and resources, CSC will provide project teams with a larger market, increased popularity, and better transaction services.

Done

Allina:
Last Q.from Twitter

What achievements have been obtained during the project? are there any unfulfilled achievements in the past year?

Answer:
CSC is open ecosystem for all blockchain participants. so everyone to develop projects on CSC. we conducted a Hackathon to attract new Dapps to our ecosystem and
there by encourage projects to join the Coinex Smart chain with a scheduled benefit.These pioneers developed CSC-powered projects, including DEX, NFT, IDO, GameFi, etc.

Coinex has behind an entire exchange and several products that generate support and trust from Coinex Smart chain to developers.
It is also worth mentioning that Coinex Smart chain is currently one of the most economical networks on the market and this is a plus that attracts many users.
If they want apply for funds support, they can apply here.👇

https://www.coinex.org/million_dollar_plan

Done

Allina:
Great thanks and that's for our twitter question segment.😇

LIVE QUESTIONS

Q1:
Where can I buy your tokens right now what is your current contract and how can I buy them??

The native token of CSC is CET, which is also the platform token of CoinEx Exchange.
Since release, CET has been issued and circulated via airdrop incentives, transaction fee discounts,
Everyone buy and hold CET easily from here: https://www.coinex.com/

Done
Q2:
Sir plz ansure me?
1.@Telegram Group
2.@YouTube channel
3.@Medium
4.@Website
5.@Twitter
6.@Discord
You can share with us the link for your project in all these projects?

Sabina:
📌Our official social media links
Telegram: https://t.me/CoinExChain
Discord : https://discord.gg/5uBG
Website: https://www.coinex.org
Twitter: https://twitter.com/CoinEx_CSC

Done

Q3
While you build your project do you take into account community feedbacks and demands??While you build your project do you take into account community feedbacks and demands??

Answer:
User’s feedbacks are always important in our group. We listen to our community feedbacks on what kind of projects they would love to play the most. And with their feedbacks, we do our best to invite these projects to develop on CSC. Meanwhile to help users enter CSC more easily, we are working on bridges too.
For CoinEx exchange, our users are always speakly highly for our service and our products.

Done

Q4
Investors seeks more attention towards project when the token had more utlility,So what makes users to hold your tokens for their benefits,is there any loyality program for holders?

CET, it currently has the following utilities:

1. Native token for CoinEx Smart Chain
As a built-in token for CoinEx Smart Chain to circulate and act as gas, CET is based on the POS consensus protocol, decentralized and energy-efficient, making it easy to build your own decentralized applications. Meanwhile, with the development of the CSC ecosystem, CET will be used as gas for all Dapps on CSC, making CET more valuable.
* Deducted as trading fees of CoinEx Exchange.

*CET can be deducted directly as trading fees with the same market value at the dedicated discounts.

* VIP services and privileges of CoinEx Exchange
Users with a certain amount of CET holding can obtain VIP membership and enjoy privileges such as fees discount, withdrawal acceleration, exclusive customer service, etc.
1. Exclusive promotional privileges of CoinEx Exchange
CET holders are entitled to special qualifications for promotional campaigns on CoinEx such as airdrop incentives, Accelerator support for quality projects etc.
Everyone buy and hold CET easily from here: https://www.coinex.com/

Done
Q5
'STAKING’' is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have plan about Staking??

Answer:
Yes.staking is available.Currently there are projects such as IFPool and Water Loan that allow users to stake their CET to earn additional rewards. We are working on bringing more Dex, Swap and other kinds of projects to our users. We expect that in the near future, CET holders will benefit more from holding CET.
Click to check IFpool: https://ifpool.io/
And Waterlaon: https://waterloan.finance/

Done
Allina:
:
Have A Great Day!

AMA CONCLUDED

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