XpansionChain AMA review
In the past two months, we have gradually launched Xpansion AMA (Ask Me Anything) activities, providing Xpansion members and digital asset enthusiasts with the opportunity to interact directly with the project team and gain an in-depth understanding of the XpansionChain project, technology, vision and future plans.
In the AMA, XpansionChain’s founding team, core members, and industry experts shared their insights, experiences, and the latest progress of the project. Participants can ask a variety of questions, covering everything from technical details to ecosystem development.
Haven’t participated in our AMA yet? It doesn’t matter, we have compiled some representative questions, let’s take a look!
1. Please introduce XpansionChain to us in one sentence?
Answer: Layer 2 Zk-Rollup infrastructure that supports the Web 3.0 economy.
2. What are the ways to obtain XpansionChain tokens?
Answer: Participate in our Horizon Plan. In November this year, our Horizon Plan has been completely adjusted. The distribution is more fair and scientific. XPC and XPS are two-way linked. Now is a good time to join!
3. Has XpansionChain management properly considered the global nature of cryptocurrencies?
A: The beauty of the global nature of cryptocurrency is that it actually defines the success of our business. We are not restricted and people from different countries will be able to use XpansionChain to build their own businesses.
4. How does XpansionChain handle the technical and security issues of cryptocurrency?
A: XpansionChain focuses on the speed and security of the entire ecosystem. We employ multiple sequencers as well as L2 Rangers, who act as incentive auditors. This is to ensure that transactions and withdrawals on our Layer 2 solution are fast and secure.
5. How does the Bitcoin market affect the trading price of XpansionChain?
A: The entire cryptocurrency market has historically had a strong correlation with the price of Bitcoin. However, in 2023 we are at a more advanced stage. Today, even if BTC struggles, blockchain companies with strong use cases and features will be rewarded with rising token prices. It is expected that this decoupling will continue as time goes by, and XpansionChain has continued to expand and enrich since its main network was launched. As revealed in our plan at the beginning of the month, we will also launch universe bank, XSwap, etc. We are always working hard and making progress.
6. Can you share more details about DAC in XpansionChain’s plan at the beginning of the month? What benefits will we receive as members of Xpansion?
A: We are observing the independent workers of the world who have been fighting for the rights and protections that salaried employees have. Uber drivers, for example, have been fighting for more rights and protections for years, but have often received little support in their fight. Xpansion hopes to change this status quo by building a better and more just future work environment. So we proposed DAC (Decentralized Autonomous Company) to help provide independent workers with everything from payroll services to health benefits, building an ownership economy for the Web 3.0 world.
One of the most exciting features of the XpansionChain Layer 2 platform is its ability to enable individuals to build their own Decentralized Autonomous Corporation (DAC) with just a few mouse clicks and within minutes. Make the DAC governance structure accessible to everyone from experienced developers to technical newbies.
Increasingly, independent workers are becoming an important part of the wider global workforce. XpansionChain will enable the global independent workforce to access all the benefits and advantages currently available to salaried employees. XpansionChain’s target market is hundreds of millions of independent workers around the world
7. What are the new capabilities of your Layer 2 technology solutions?
A: We provide technology and customer experience improvements in many forms. A key difference compared to other ZK-rollup solutions is the use of multiple sequencers and L2 Rangers to ensure network security and fast extraction times from layer 2. We also have an integrated IPFS storage solution. We also plan to integrate a reputation system that will be tracked through the use of NFTs. Our current goals include introducing smart contract templates so that you can easily create, deploy, and manage your smart contracts even if you don’t have any direct smart contract development experience.
XpansionChain’s AMA activities provide a more comprehensive understanding of the XpansionChain project and promote active interaction between Xpansion and various members.
In the future, XpansionChain will continue to have friendly interactions with members, share more information about digital finance and blockchain innovation, and actively respond to the needs and feedback of the community.
The wonderful interaction you can’t miss is in XpansionChain’s AMA event!
