AMA Session on ExRates
Note: Some of the questions are left unanswered since we’re tied up with our listing activities on ExRates. We shall post the updates in situ once we have answered them.
TQ for your understanding.
** update: we have answered all questions in situ. If you have any more questions, please post them in the comments section
p.s. don’t forget to clap this post.
The Team
The Core Team
Abd Razak is the CEO of MEXC. I have been in the medical & marketing industry for the last 30 years, and I shall handle the business part of the project.
Hisham Ismail is the CTO of MEXC. I have been in the mission-critical system development for 22 years. I handle the technical part of the project
Prof. Dr. Abu Hassan Asaari Abdullah is the MEXC products inventor, Professor in 30 universities across the world, advisor to the Ministry of Health in more than 40 countries in Asia Pacific. 90% of Medical Emergency heads in Asia Pacific are his former students. These are the buyers of EMS products in Asia.
Why EMS Matters
The Industry
EMS is Emergency Medical Services:
- USD 7b per annum business with MEXC EMS inventions & innovations addresses 90% of this Industry
- This is the Service that increases the chances of survival in any disaster like accidents or chemical or biological disaster resulting in saving lives and avoiding permanent disabilities
- Emphasizing on the First Golden Hour to Facilitate the Right Emergency Responses
- The MEXC EMS manufacturing shall be supported by fully first Blockchain-based ERP running at 5,000 TPS and fully matured to 20,000 TPS on a Just In Time Distributed Manufacturing
- Real Team, Real Business, Proven Products, Saves Thousands of Lives
- MEXC EMS owned 25 Patents, 6 copyrights & 5 Industrial Designs already proven & used in over 30 countries globally in Emergency Medical Services
- Developed over 20 years throughout the career of the Inventor Prof Dr Abu Hassan, the Father of Modern Emergency Medical Services in Asia
- You can see MEXC team and the Range of MEXC EMS Products
Why MEXC — Tokenized EMS Business
- This industry is being monopolized by big conglomerates that dictate the price of Medical and EMS products as they like.
- With MEXC, we are able to offer these products at least 30% below the current price across the board. This is what we meant by democratizing the EMS industry
- The tokenization of EMS industry would make the payment and delivery of the products as frictionless as possible
- Instead of LC, BG, they would use MEXC to purchase our EMS products
The Products
Our Roadmap
- Expand the market in SEA and MENA from our existing users, and buyers
- Products improvement/enhancement. Some are on their fifth iterations
- Develop new markets for our products, especially EU and US markets
- Our Enterprise Resource Planning using our own Versa Enterprise Blockchain to make all process transparent
Value of MEXC
- Global EMS Business as we shared earlier is USD 7B per annum and MEXC EMS inventions and innovations address 90% of the Market (USD 6.3B potential)
- For The Financial Year 1, MEXC EMS business is projected of only 5% of the market share targeting LOW HANGING FRUITS, our existing installed bases in SEA and MENA that’s USD 300M
- As MEXC is supported by REAL BUSINESS FUNDAMENTALs, MEXC Market Cap shall be the REAL MEXC EMS Business Turnover, that’s USD300M, making MEXC Top 30 on CMC and let’s GUESS what’s MEXC price could be after a year?
- MEXC is currently listed on WhiteBit, and in a few hours on ExRates
- ICO was USD 0.01, IEO @USD 0.03, First Listing on Dobi / WhiteBit @USD 0.20 and currently @USD 0.40.
- What’s the pattern here? MEXC price steadily increasing despite all the challenges and all MEXC holders investment appreciated!
- ExRates shall be MEXC second listed exchange and within 2 weeks MEXC will be on Coin Market Cap priced @USD.40 and what would that price go up to?
- One thing for sure that MEXC Market Cap shall be minimum USD100,000,000.00, that’s top 50 on CMC!
- Any Top 50 token on CMC, LIQUIDITY is no longer of an issue !!
- You can see MEXC is the crypto asset TO GO FOR !!
AMA Session on Exrates
EXRATES Unicorn, [16.09.19 15:02]:
Hello everybody!
🚀 Let’s start the AMA with MEXC team!
They will have listing on Exrates TODAY on 16th of September.
We are glad to meet here Abd Razak Abd Mulok CEO (@abdrazakmexc) and Hisham Ismail CTO (@dafew) of MEXC 🤝
Nice to meet you here guys!
The chat is muted for now, so no worries please! In 10–15 minutes everybody will get a chance to ask your questions. Please prepare your questions in advance! And please don’t forget to subscribe to the MEXC community group https://t.me/mexclife.
Razak@MEXC, [16.09.19 15:03]
Hi, I’m Razak the CEO of MEXC. I have been in the medical & marketing industry for the last 30 years, and I shall handle the business part of the project.
Hisham@mexc, [16.09.19 15:03]
Hi, I’m Hisham Ismail is the CTO of MEXC. I have been in the mission-critical system development for 22 years. I handle the technical part of the project
EXRATES Unicorn, [16.09.19 15:04]:
Great!
@abdrazakmexc and @dafew
Can you please briefly introduce yourself to our community? Your positions, responsibilities, daily routine?
Hisham@mexc, [16.09.19 15:04]
This is our team
Razak@MEXC, [16.09.19 15:05]:
[Forwarded from Razak@MEXC]
Hi, I’m Razak the CEO of MEXC. I have been in the medical & marketing industry for the last 30 years, and I shall handle the business part of the project.
Hisham@mexc, [16.09.19 15:05]:
Hi, I’m Hisham Ismail is the CTO of MEXC. I have been in the mission-critical system development for 22 years. I handle the technical part of the project
EXRATES Unicorn, [16.09.19 15:06]:
Thank you!
@abdrazakmexc @dafew
Can you shortly describe MEXC concept and MEXC token utility? Why customers should buy your token?
Razak@MEXC, [16.09.19 15:07]:
Why MEXC — Tokenized EMS Business
1. This industry is being monopolized by big conglomerates that dictate the price of Medical and EMS products as they like.
2. With MEXC, we are able to offer these products at least 30% below the current price across the board. This is what we meant by democratizing the EMS industry
3. The tokenization of EMS industry would make the payment and delivery of the products as friction-less as possible
4. Instead of LC, BG, they would use MEXC to purchase our EMS products
Hisham@mexc, [16.09.19 15:08]:
The key concept
Razak@MEXC, [16.09.19 15:08]:
EMS is Emergency Medical Services:
1. USD 7b per annum business with MEXC EMS inventions & innovations addresses 90% of this Industry
2. This is the Service that increases the chances of survival in any disaster like accidents or chemical or biological disaster resulting in saving lives and avoiding permanent disabilities
3. Emphasizing on the First Golden Hour to Facilitate the Right Emergency Responses
4. The MEXC EMS manufacturing shall be supported by fully first Blockchain-based ERP running at 5,000 TPS and fully matured to 20,000 TPS on a Just In Time Distributed Manufacturing
5. Real Team, Real Business, Proven Products, Saves Thousands of Lives 6. MEXC EMS owned 25 Patents,
6 copyrights & 5 Industrial Designs already proven & used in over 30 countries globally in Emergency Medical Services
7. Developed over 20 years throughout the career of the Inventor Prof Dr Abu Hassan, the Father of Modern Emergency Medical Services in Asia
8. You can see MEXC team and the Range of MEXC EMS Products
Hisham@mexc, [16.09.19 15:09]:
The EMS market size
EXRATES Unicorn, [16.09.19 15:10]:
Thanks for the detailed answers
@abdrazakmexc @dafew
Guys, who you think are your main competitors on the market and what are your main advantages?
Razak@MEXC, [16.09.19 15:13]:
Currently, we are the first project tokenising the EMS Business, so no competitors for now ;
We hold 36 intellectual property rights to 90% of these products used in the EMS industry and this definitely the main advantage that we have over others.
EXRATES Unicorn, [16.09.19 15:14]:
Okay
@abdrazakmexc @dafew
Would you share with us your plans about activities for the Exrates community you going to do, like airdrops and holders/traders bounty’s?
Hisham@mexc, [16.09.19 15:18]:
Ok, thank you for asking. I shall elaborate them below:
1) We are going to do an AirDrop to qualified ExRates traders for 7 MEXC each
2) We shall run a HODL Competition where those who hold MEXC for the next 30 days shall earn more MEXC
3) We shall run a Trading Competition where those who traded MEXC the most in the period of 30 days shall get more MEXC
Details will be provided later, and please wait for the official announcement on ExRates
EXRATES Unicorn, [16.09.19 15:18]
👍
EXRATES Unicorn, [16.09.19 15:19]
Thanks for your answers!
@abdrazakmexc @dafew
🔥 Let’s open chat now for questions from the community!
But let me please repeat the rules again:
👍-You can win $50 for good question
2⃣-No more than 2 questions from 1 user per round
🚀 So, unmuting the chat…
Community please feel free to ask your questions!!
Then, flurry of questions came in….
Harley, [16.09.19 15:19]
What is EMS ( Emergency Medical Services ) ? What’s the use of EMS and use of MEXC in EMS ?
Is MEXC has all certificates and copyrights from EMS Officers to run their Project in EMS and medical Industry ?
Hisham@mexc, [16.09.19 15:40]
[In reply to Harley]
EMS is an emergency services that focus on the golden hour right after accidents or chemical / biological disasters.
As for the certificates, please refer to our website for all certifications of our products.
What’s the use of EMS and use of MEXC in EMS?
MEXC is the utility token to be used to purchase our EMS products
Rose, [16.09.19 15:19]
Q.1 What are your major goals to archive in the next 3–4 years? Where can we mexc ecosystem in this period?
Q.2 What are your plans to expand and gain more adoption?
Razak@MEXC, [16.09.19 15:43]
[In reply to Rose]
Q1. MEXC goals are very realistic, just to capture 5% of the usd7b market and grow to 30% within 4 years n that’s usd2b business ! MEXC token holders shall be the part owners of this billion dollar business
Q2. The MEXC EMS Products Distribution strategy is through Country Distributors and our Market Development Team shall set quotas to these various country distributors in order to protect our intellectual properties. In addition to the current crypto communities, these country distributors shall be the new players in this industry to expand and adopt MEXC and crypto technology itself.
Roger Camacho 🇷🇺, [16.09.19 15:19]
In current Blockchain Industry, there are many projects that are working on Emergency Medical services. So, what are unique Features MEXC provides to Medical industry that no-one provides yet ?
Why Blockchain Technology ? What is the use of blockchain technology in medical industries ?
Hisham@mexc, [16.09.19 15:40]
[In reply to Roger Camacho 🇷🇺]
Actually, on EMS, we are the only project running on Blockchain — democratizing the EMS industry
The unique part is we have our own products, and these products cover 90% of the EMS market segment
Why Blockchain?
1) We use MEXC as the utility token for payment
2) We use our Versa Blockchain for products traceability — all products certifications can be checked on-chain
3) We develop ERP on Blockchain so that all public information are to be made available
4) Product lifetime is also present on the Blockchain to that no dispute between the insurance companies/hospitals and patients
Frp sun 🇰🇷, [16.09.19 15:19]
As everyone knows for becoming a successful project in the crypto market two things you need
1. First is the project should solve mainstream problems
2. Second project needs interested community support and trust
My question is,
1. How you would attract interested community, traders, holder to keep support mexc life?
2. Which types of mainstream problems mexc will solve after successful implementation?
Razak@MEXC, [16.09.19 15:51]
[In reply to Frp sun 🇰🇷]
1. Price is always the #1 attraction and through democratizing this industry we shall reduce the EMS products cost by 30%, the profit from this shall be contributed back to be realized as the market capitalization of MEXC and in return shall be reflected on the price of MEXC ;
2. MEXC ERP shall be on the Blockchain. Here, the supply chain could be tracked real time making sure all orders and deliveries shall be efficiently fulfilled. Furthermore the product information like expiry date are made public preventing repudiation between insurance companies and hospitals .
Jonas Becker ( Jack ), [16.09.19 15:19]
How MEXC launches their project for Medical Services ? Is there any main reason Behind this ?
What’s the next upcoming plans of MEXC to grow their project in medical services ?
Razak@MEXC, [16.09.19 15:59]
[In reply to Jonas Becker ( Jack )]
All these inventions was invented by Prof Dr Abu while he was serving as the head of EMS in Ministry of Health in Malaysia. During this time, he donated these intellectual properties to a Society in Malaysia ;
Now that he has retired, he feels that these inventions & innovations should be shared globally so that more lives could be saved at a more affordable price.
As the advisor to most of Ministry of Health in Asia for EMS, MEXC EMS shall be a very strong player in this market space. MEXC project is the exercise to finance further development this potential billion dollar business !
S.R., [16.09.19 15:19]
As emergency medical services are not affordable to all peoples then How MEXC solve this problem ?
MEXC Does many innovative inventions to solve health related problems (EMS) , Bussinesses . IS there any new plan for the future ?
Razak@MEXC, [16.09.19 16:08]
[In reply to S.R.]
By Democratizing the EMS industry as we said this shall reduce 30% of the EMS medical cost.
Please remember, technology is dynamic and a certain amount is allocated for the R&D of each EMS products that we sold, and this shall innovate further improvements in the EMS industry as well as our current EMS products.
Sahil Khanna, [16.09.19 15:19]
Who is the Biggest competitors of MEXC yet and How MEXC services are better than others ?
How many Team members are there in MEXC project ?
Thank you. So far, we have no competitor in the EMS industry as they are still in the brick and mortar mode. On the blockchain, we have seen a few companies on Medical Health Data, but not on patented products like ours.
MEXC is a 40-strong team at the moment. We believe the numbers can only grow bigger in the coming weeks.
Dr.khushi, [16.09.19 15:19]
HOW does MEXC token work in Emergency medical services ?
Which facilities MEXC token provide their user ?
MEXC Token is created as a utility token to purchase our patented EMS products, by our distributors and resellers. We have 2 tokens — MEXC, and MX. MEXC is the tradeable token, and MX is the token used by our distributors and resellers.
MEXC is running on Ethereum Platform, while MX is running on our own Versa Blockchain.
NasdaQ Ryong, [16.09.19 15:19]
What are the features you provide to Users or investors, Why the Value of MEXC will Increase in Future ?
Is MEXC project provides Copyright benefits or Patent Featuresto EMS Services ?
As mentioned previously, MEXC token is the tradeable token, that mirrors the actual business in our EMS industry. The industry is worth USD 7 billion, and MEXC EMS products cover 90% of the segment. You can imagine how the price should rise in the future, as it reflects the business of selling, servicing and consulting activities in the EMS industry.
As for the copyrights, yes we have 25 patents, 5 industrial design, and 6 copyrights. That would ensure our market dominance, hence the business, and then the price of MEXC.
Marcio, [16.09.19 15:19]
How do you think today mexc going to list on one of the most active exchange EXRATES? What are your future plans after listing on exrates?
We are delighted to see the warm response, as well as the quality questions we had on this AMA session. That shows the quality of users on ExRates.
We have other exchangers in the future to add liquidity to MEXC Token.
Marcio, [16.09.19 15:19]
As we know, technology will always become better over time, and eventually, someone will come up with something better than mexc. How is mexc going to face this tough challenge?
Razak@MEXC, [16.09.19 16:13]
[In reply to Marcio]
We had addressed this in another question; technology is dynamic and a certain amount is allocated for the R&D of each EMS products that we sold and this shall innovate further improvements in the EMS industry as well as the current EMS products and with the successful of MEXC, we shall always be a few steps ahead of all EMS product development to compete better in this industry.
Changgok Chul-Soo, [16.09.19 15:19]
What is Decentralized Voting of MEXC, Where the Voting is used and What are the requirements to participate in Voting ?
Is MEXC Project has any plans to Launch their Mainnet in Future ?
Hisham@mexc, [16.09.19 16:17]
[In reply to Changgok Chul-Soo]
Decentralized Voting shall be on our MEXC Versa Blockchain for our customers, distributors to direct the future of our products, and they are the ones impacted. Things like user feedback for product enhancements are logged onto our Blockchain, and can be voted for by them for further improvement of the products. So, the voters are users of our EMS products and services
MEXC shall be ported over to our own Blockchain in a private-public manner. So, we shall have our own mainnet, explorer and wallets altogether.
Ross Melendez, [16.09.19 15:19]
What is main mission of MEXC token in next 2–3 years ?
There are many other cryptocurrency which provide EMS facility . How MEXC is diffrent from others ?
In the next 2–3 years, we are focusing on revamping our supply chain, adding liquidity to MEXC Token, and preparing our products and services for the EU and US market expansion.
As for crypto on EMS, we are the only one so far.
S.A.M. Crypto Trader, [16.09.19 15:20]
What is MEXConomy in MEXC project ? What & how is the work and benefits of MEXConomy in MXEC Project ?
Is there any Mobile Application or Client Provided by MEXC to and EMS officers or Hospitals or How MEXC works ?
MEXConomy is another project by us that linked our ERP Blockchain, to the supply and demand of the MEXC Token. Our distributors need to buy MEXC tokens to be converted to MX token to purchase our EMS products. That’s where the WhiteBit, ExRates and MEXConomy comes in.
The only difference is, MEXConomy is a peer-to-peer marketplace. Anyone can put their price on MEXC to be sold, and based on the supply and demand economics, any efficient transactions get transacted on MEXConomy.
As for the Mobile Applications, our distributors, resellers, and users of our EMS products shall use our Mobile App to log the usage data on Versa Blockchain. This data may be private to many, but this data is shared among the practitioners anonymously for the benefits of the many, while saving lives.
Karan, [16.09.19 15:20]
How Decentralized Voting works With MEXC? What are solutions for preventing fake votes from big holders as every holder can vote?
Decentralized Voting is not for the tradeable MEXC, but for MX token where our EMS users shall vote for best features, features update, or improvement to our range of EMS products.
This is for the benefits of the end users, and these data would be a genuine data, directly captured through our mobile app.
Kim $Band 🇰🇷, [16.09.19 15:20]
What is Blockchain Enterprise Resource Planning Platform ? Explain some Features and system of Blockchain Enterprise Resource Planning Platform ?
How MEXConomy chain works in EMS ?
ERP is the backbone of any big companies. It linked the financial information, to logistics, to demand supply and so on, just to name a few.
Doing this on Versa Blockchain make sense since we have Distributed Manufacturing, Distributed Marketing and so on. Using Blockchain makes us enable to do this, pseudonymously.
MEXConomy is our peer-to-peer platform for EMS and ERP products. Please the response above for more info.
bnb shiller, [16.09.19 15:20]
Which new products, facilities mexc will provide in an emergency case? How will mexc serve better to save lifes in road accidents?
MEXC products are used in Ambulance, the first responder to any events of calamity. So, the rule of the golden hour applies where it makes great difference in saving lives, or preventing any permanent defects to the patients.
Our products are unique as our inventor is a qualified Orthopedic surgeon. The innovation of MEXC products focus on bringing the orthopedic features to be made available on the road side, or at the accident scene.
bnb shiller, [16.09.19 15:20]
What is EMS products and services? How will it be beneficial for both holders and medical industry?
We have briefly discussed this earlier, so please read the responses for more in-dept details on EMS, and how MEXC is democratizing this industry.
S H, [16.09.19 15:20]
What are the benefits of hold MEXC? Should I hlod it for long time ?
MEXC is tied to our EMS business. The prospects of MEXC products is great since we own 31 IP in this industry. Any revenues from this business shall be used to support MEXC token, and the accumulated gross revenues from this EMS business shall be reflected in the MEXC Token market capitalization.
It is worth HODLing MEXC in short.
Sharron Robertson, [16.09.19 15:20]
What is Howey test ? How it works in MEXC ?
IN emergency medical services we require ventilators, defibrillators etc , can MEXC provide these equipment in cheaper rates to hospital and ambulances ?
Howey Test is a test used to see if any token is qualified for no KYC. This is valid in the circa 2018, but now BYC is generally accepted by many.
Ventilators, defibrillators are common of the shelf products. We shall see if we can innovate these products further before we can enter into the market with our own products.
Angelina Roey, [16.09.19 15:20]
who are main compiteters of MEXC ? Which feature make MEXC diffrent from their compiteters?
WHAT are future plan of MEXC for development of MEXC ?
We have covered this briefly earlier. Please see the answers briefly.
S H, [16.09.19 15:20]
Why is MEXC delisting at DOBI? Are MEXC holders on Dobi affected? Which other exchanges will MEXC list in the future?
Hisham@mexc, [16.09.19 16:12]
[In reply to S H]
Please read the chronological events that happened on this link: https://medium.com/mexc-life/9-9-2019-mexc-delisting-from-dobi-517f98ba1aff
Bacically, our MEXC on DOBI got mismanaged and manipulation of MEXC supply within the DOBI trading platform.
MEXC holders on DOBI are not affected as we have created new Smart Contract to nullify/desecrate the MEXC on DOBI.
We are handling the new MEXC directly to our MEXC holders
We have few major exchangers in the pipeline that we are negotiating currently. Stay tuned for the announcement.
塩谷健 -, [16.09.19 15:20]
What applications for the Mexc network are you working on at the moment and, in your opinion, what is going to be the first killer use case ?
We are working on MEXConomy, and with our own Blockchain ERP, we can make this a killer applications when coupled with… (I cannot say much yet, as these are our trade secrets).
Anwar Levy, [16.09.19 15:20]
What are the obstacles of mexc, and you are trying to solve those problems? How is team progress going on to improve product day by day?
The reason why we created MEXC is to solve the eco-system in purchasing, manufacturing, gathering data and distributing the EMS products efficiently. There are a lot of works in this eco-system, and please stay tuned to our announcement form time to time.
The reason why our inventor created our own EMS products is to bring the orthopedic functions to the road side to save lives more efficiently.
Anwar Levy, [16.09.19 15:20]
How you will attract crypto investors to invest trade on mexc token
Smart investor would ask where is the business?
With MEXC, we have real business, in a USD 7 billion dollar industry, with 31 Intellectual Property Rights. Any gross revenues from the business shall be used to support the eco-system, and this is acyclic in nature. The net results is the appreciation of MEXC Token price, and the business is reflected in the market capitalization of MEXC Token.
Roman, [16.09.19 15:20]
Which types of problems mexc solve in the medical industry? What are the utilities of mexc token in medical industries?
We have covered this briefly earlier. Please see the earlier, and subsequent answers to know more.
Alex Fleming, [16.09.19 15:21]
What’s the best way for people to get involved with the MEXC ?
MEXC is created to democratize the EMS industry. That means, bring cheaper, and more effective products to save lives. By supporting MEXC, you’re not just profiting from its appreciation in value, but the creation, delivery, and usage of these products to the masses.
Our indirect tagline: Buy MEXC, save lives (and profit from it)
Keiji Kumashio, [16.09.19 15:21]
What are plans shaping up for marketing and building a strong, core community which is important for any new project in the crypto space?
We are growing the MEXC community organically, carefully, and methodically so as not eat more than we can chew.
With the growing acceptance of MEXC token in the community, that’s the first start, before we released our MEXConomy to our users, and MEXC holders.
Ai Kuhaku, [16.09.19 15:21]
anything that will be the mainstay of mexc to attract enthusiasts in the long run, sir
The business itself, as mentioned previously. You can see how MEXC can be one the tokens you should HODL as it has real business values, and appreciating assets in the future.
As, [16.09.19 15:22]
How many are you guys full time on this project. Does your company already have profit?
We are 40-strong team right now, and we should be in the black in a couple of months once the delivery of our EMS products commence. Reason why we are in red now is due to CAPEX needed in our manufacturing activities.
Eddy Dim Mes, [16.09.19 15:22]
What is the minimum requirement to work with mexc dapps or services?
At the moment, we have forsaken our work for DApp on Ethereum, but on our own Versa Blockchain instead. You can see those in MEXConomy soon.
Susumu Washio, [16.09.19 15:22]
Can we use mexc on mobile?
Yes. MEXConomy is mobile-friendly, and our EMS users are supplied with mobile app for pseudonymous data collection, and feedback.
Ai Kuhaku, [16.09.19 15:22]
how can me delc delist from a dobi and why did it get to the price of mexc when dobi dropped unnaturally
We have covered this briefly earlier. Please see the response.
Tokko Shin-Ae, [16.09.19 15:22]
Do you think on which concept you working will live forever?
We are working in a concept where we should kill our own product, if not others mantra. So, our products shall keep improving over time, and this process is continous.
Tokko Shin-Ae, [16.09.19 15:23]
Any plans for token burn?
We already burnt several tokens. You can see the burnt tokens on Etherscan.io
We shall burn more tokens in the future when the need arise.
Naz Wo, [16.09.19 15:23]
What is your current global market share in this industry currently?
Can you name some of the products with images provided that the company is selling please?
As for our Nina Pelvic, we are the only (valid) one in the region due to our IP rights. We saw some imitation products, but we can combat this effectively with our Versa Blockchain.
Zayyar Shah, [16.09.19 15:23]
Why is it necessary to have MEXC token for buying your products and services
MEXC token is the link to MX token. This dual token strategy is necessary to reduce the requirements for our clients to have a dedicated people in their company just to focus on crypto market, but in their core business activities.
The purchase of the products are using MX token, where:
1 MX token == 1 USD (derived from MEXC Token price)
Moro Fumio, [16.09.19 15:24]
Why you don’t want to use just Ethereum or Bitcoin as famous cryptocurrencies ?
Because we are building our own eco-system that focus on the EMS industry. The community can focus on MEXC Token as it has direct relation to the MX token.
The MX token usage shall be expanded further for usage in other segments of Medical industry.
밀리 뮬러, [16.09.19 15:25]
What is the time of listing on exrates? today it will list?
Razak@MEXC, [16.09.19 16:01]
[In reply to 밀리 뮬러]
MEXC is listing today on ExRates 1700 UTC+0
Mátyás Fábián, [16.09.19 15:25]
MEDIBLOCK is a big name in the blockchain industry with a similar goal to MEXC. Do you think MEDIBLOCK is MEXC’s competitor? If so, how can MEXC compete with them?
Razak@MEXC, [16.09.19 16:04]
[In reply to Mátyás Fábián]
MEDIBLOCK is Medical Health Data Services Company whilst MEXC has real proven EMS products.
We are 2 different business in the same Medical Industry and we are not competing with each other AT ALL !
Elias Wagner, [16.09.19 15:25]
How many industrial Designs and EMS copyrights MEXC project have ?
Explain the MEXC work in Brief !
We have covered this briefly earlier. Please see earlier response ya.
밀리 뮬러, [16.09.19 15:26]
when your working product will become live?
It is already been used for 20 years. We are just democratizing the industry by tokenizing the EMS business.
Đức Vũ, [16.09.19 15:26]
How dual token economics works on Mexc? How it is different than Other projects?
We have covered this briefly earlier. Please see earlier response ya.
EXRATES Unicorn, [16.09.19 15:26]
Last 2 min for the 1 round ends!
Karl Frandsen, [16.09.19 15:27]
Do you have any plans to attract non-crypto investors to mexc, and how? What are the actions to increase awareness around a mexc in non-crypto space?
We already did. Our distributors and resellers know very little about crypto before, and through MEXC, the were forced to use crypto, willingly.
Herooo, [16.09.19 15:27]
Q1. will mexc later burn tokens to attract investors with a small supply
Q2. How is the long term system of EMS
We have covered this briefly earlier. Please see earlier response ya.
Sergi Elimne, [16.09.19 15:27]
I’ve seen so many so called big projects crumble over time due to lack of proper use case of the token. How do you plan to sustain the project for years to come?
This project is driven by the EMS industry, and our own products. Our mantra as explained above kept the business continuity and planning to stay relevant for a long time. If we don’t kill our own products, somebody else’s will.
Kyara Lynwood, [16.09.19 15:27]
What is the MX Token ? Is it different than MEXC Token ?
We have covered this briefly earlier. Please see earlier response ya.
Piñeiro Aguilar, [16.09.19 15:27]
Could you give us an overview of your tokenomics ? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn ?
We have covered this briefly earlier. Please see earlier response ya.
Mátyás Fábián, [16.09.19 15:27]
P2P Mx exchanger is only used for exchanging between tokens or data also ? Can you explain how the MEXC exchanger works ?
We have covered this briefly earlier. Please see earlier response ya.
Stella Hancock, [16.09.19 15:27]
On which wallet we can store mexc token and mx token? are they erc20?
MEXC is an ERC20 token on Ethereum, but MX token is in our own Versa Blockchain. So, MX shall have its own wallet, explorer and DApp.
Stella Hancock, [16.09.19 15:28]
Where we are on the testnet/mainnet roadmap?
Versa Blockchain is slated for 2020 release, together with ERP and MEXConomy.
Kyara Lynwood, [16.09.19 15:28]
Does MEXC provides any facilities to patients ?
We don’t provide facilities at the moment, but EMS products.
However, among our patents are Mobile Hospital. I cannot reveal this much for the time being as it is our trade secrets. Wait for the MEXC announcement from time to time.
EXRATES Unicorn, [16.09.19 15:29]
☝️Muted the chat again!
🔥Lots of questions, that’s so great!
@abdrazakmexc @dafew
Guys feel free to choose the best questions for the answers!
Razak@MEXC, [16.09.19 15:33]
My dear friends, thank you for the overwhelming questions and we are happy to say this is the first community that really study our white paper and put effort to understand MEXC as a project 👏👏👏
We shall try to address all these questions within the allocated time but one thing for sure, all questions will be answered in the Medium posting on this AMA session, please do refer to that.
EXRATES Unicorn, [16.09.19 15:37]
[In reply to Razak@MEXC]
Sure just feel free to answer the best on your opinion 👍
EXRATES Unicorn, [16.09.19 16:15]
Thank you ! Unmuting the chat for last questions!
🚀The chat is opened for last questions today…
Roger Camacho 🇷🇺, [16.09.19 16:16]
What is the main concept of MEXC in Medical ? Do you think that Medical Industry really needs project like MEXC ?
The real concept is actually MX token, for the Medical industry. You can read where MEXC is heading if you read in between the lines.
What is the meaning of Decentralized ERP Platform ? What is the work and use of ERP in MEXC Block chain ?
As, [16.09.19 16:16]
How will the company approach to customers that are still into traditional way of transacting with their suppliers, any strategy to bring customers into blockchain systems & who/what will be the company’s target customer’s?
Razak@MEXC, [16.09.19 16:50]
[In reply to As]
We had answered this earlier and i will repost ;
The MEXC EMS Products Distribution strategy is thru Country Distributors and our Market Development Team shall set quotas to these various country distributors in order to protect our intellectual properties, in addition to the current crypto communities, these country distributors shall be the new players in this industry to expand and adopt MEXC and crypto technology itself.
Jonas Becker ( Jack ), [16.09.19 16:16]
What is meant by EMS ? How it works and what is the benefit of MEXC in EMS Services ?
MEXC mainly works on Medical Industries, But what’s the use and utilities of MEXC tokens ? Where they can be used ?
We have covered this briefly earlier. Please see earlier response ya.
Sahil Khanna, [16.09.19 16:16]
In Which Country, MEXC Platform is Registered, operated and actively working ?
What is MX Token of MEXC ? Is MX Token is different than MEXC Token. What’s the use of MX Token ?
Hisham@mexc, [16.09.19 16:31]
[In reply to Sahil Khanna]
MEXC is a Singapore company, and work within the Singapore domain. We have operations in Singapore and Malaysia at the moment, soon to be in Dubai and North Africa to further develop and sell our products and services
MX token is our internal token for the country distributors. When a country distributors are selected, they shall have to prepare the commitment to the market size of the country in the form of MEXC tokens.
The MX token is pegged to USD where 1 USD == 1 MX. All our products are priced in MX.
Why MX, and not use MEXC? If we use MEXC, our EMS users need to have their own crypto experts to hedge the price. If they store the MEXC value in MX, they don’t have to worry about the fluctuating crypto prices.
NasdaQ Ryong, [16.09.19 16:16]
What is the total as well as circulating supply of MEXC tokens and How the tokens are Distributed ?
On which Countries and regions, MEXC Team is Actively Focusing for growth and development ?
Current total supply is around 950 million MEXC, with a maximum supply of 1.7 billion MEXC. The tokens are distributed strictly according to our WhitePaper.
Due to some regulations and requirements (read: barrier to entry) for the EU and US markets, we are focusing on regions other than those 2 at the moment.
Sharron Robertson, [16.09.19 16:16]
MEXC Does many innovative inventions to solve health related problems (EMS) , Bussinesses . IS there any new plan for future ?
We have covered this briefly earlier. Please see earlier response ya.
Changgok Chul-Soo, [16.09.19 16:16]
Currently On cryptocurrencies, There are several Rules and Regulations are applied. So, How MEXC faces these Problems ? Do you have all legal records that comply with all regulations ?
What are the benefits to Hospitals and Ambulances by using MEXC provided Services ?
As far as cryptocurrency is concerned, as long as we are considered a Utility Token, it is business a usual. Only for Security Token needs to be dealt differently with relevant authorities of each country.
As for the benefits, we have covered this briefly earlier. Please see earlier response ya.
S.A.M. Crypto Trader, [16.09.19 16:16]
What is the Main Use of MEXC in Medical Services and importance of MEXC tokens ? Which Services MEXC provides to Medical Industry ?
Is there any Active Hospitals or EMS centres that use MEXC products and services or its in testing version ?
Razak@MEXC, [16.09.19 16:42]
[In reply to S.A.M. Crypto Trader]
All 36 Intellectual Properties hold by MEXC EMS are Proven and already used medical products and none are at prototypes or design stage ;
All Emergency Dept in hospitals in Malaysia and some in South East Asia are using our Industrial Hospital Design and all 36 MEXC EMS are proven used products over last 30 years !
One Stop Crisis Centre (OSCC) is WHO project deployed over 30 countries in Asia and the design, processes and kits are MEXC EMS intellectual Property.
bnb shiller, [16.09.19 16:16]
Who is your current significant competitors? How is mexc better that it’s all competitors? What advanced feature does mexc serve?
We are the only one in the EMS industry at the moment.
Kim $Band 🇰🇷, [16.09.19 16:16]
Where is your Legal Documentation and conditions papers section in Website ?
What are the competetive advantages of MEXC Blockchain over other projects ?
Legal information are in the footer of our website.
as for the competitive advantage, we have covered this briefly earlier. Please see earlier response ya.
Dr.khushi, [16.09.19 16:16]
As it work on ERC20 IS there any future planning for their own mainnet ?
Yes, our own Blockchain soon.
S.R., [16.09.19 16:16]
What is Decentralised Manufacturing , Decentralised Marketing ,Decentralised Distributions, .Why Decentralised ?
What holders have to do in order to get economic benefits from the network?
Hisham@mexc, [16.09.19 16:47]
[In reply to S.R.]
All these Decentralized { Manufacturing, Marketing, Distributions } are part of the features on our Versa ERP Blockchain.
The manufacturing has to be decentralized to protect our Intellectual Property. Part of the Market Development is done in a decentralized way to get real feedbacks and usage of our products, coupled with the Versa Application for updating usage data.
Decentralized Distributions can only be done through Versa Blockchain where all parties involved are known beforehand the logistics part of the demand supply.
What holders have to do in order to get economic benefits from the network?
As for MEXC holders, they’re purely for trading purposes. But for MX token holders, they can vote and participate to gain more MX.
MX token holders are licensed users of EMS products.
Ross Melendez, [16.09.19 16:16]
What is corelation between MEXC token and EMS . How MEXC token works in medical field ?
What is the function of MEXC token ?
We have covered this briefly earlier. Please see earlier response ya.
Harley, [16.09.19 16:16]
What is the Goal of MEXC in next 5 Years ? As their is already many competetion in Blockchain based Medical Services ?
Currently, Medical Industry is only industry which is very important for Human Life But there are very few Hospitals and EMS centres are there in World ! So, Is MEXC Has any plans to grow the Medical and EMS Industry ?
We have covered this briefly earlier. Please see earlier response ya.
Angelina Roey, [16.09.19 16:16]
What is slogan of MEXC ?
Razak@MEXC, [16.09.19 16:32]
[In reply to Angelina Roey]
MEXC : Tokenized EMS Business
Basilio Belloni, [16.09.19 16:18]
How do you encourage your partners to join the MEXC instead of your competitors, which services providers, payment networks, companies and countries are priorities?
We have covered this briefly earlier. Please see earlier response ya.
EXRATES Unicorn, [16.09.19 16:18]
3 mins for 2nd round ends
Hartmut Bader, [16.09.19 16:19]
What did MEXC prepare for the September 16th listing event? Will this event be a turning point in the development of the MEXC?
Razak@MEXC, [16.09.19 16:37]
[In reply to Hartmut Bader]
we have airdrops, hodl and trading competition and all these are interesting exercise to introduce MEXC to Exrates coomunity and all these are very interesting events and all support on MEXC shall contribute to saving more lives in this world thru MEXC EMS products !!
please wait for further detail announcement !
Aziz സ്വതന്ത്രമായി, [16.09.19 16:19]
What has been inspired you the most to start MEXC project?
Razak@MEXC, [16.09.19 16:30]
[In reply to Aziz സ്വതന്ത്രമായി]
The inspiration is Prof Abu inspiration, in one of the videos on our https://www.mexc.life, EMS started in Malaysia after the major Disaster of the collapsed of Highland Towers in 1993 that kills hundreds of tenants ;
Out of the rubbles, a lady was rescued with a fractured pelvic condition and was transported to nearest hospital but Died on Arrival due to internal bleeding !!
This inspired Prof Abu to invent Nina Pelvic Immobiliser which we gonna post below that saves already thousand of lives as our body contained 7–8L of blood and pelvic injury could drain 4L of blood internally from a patient and the survival chance is within the first golden hour.
MEXC EMS shall make sure this awesome inventions shared globally and saving more lives in this process and this gives tremendous pleasure to the Inventor Prof Dr. Abu as well as the MEXC EMS project team !!
Danny Goldman, [16.09.19 16:20]
Does the Mexc have any plans for better community development and marketing for your project?
Razak@MEXC, [16.09.19 16:55]
[In reply to Danny Goldman]
MEXC has already got an approval for the building of a new EMS Teaching Hospital and the construction shall start in 2020, in Malaysia and this will be the first EMS teaching hospital in the world and MEXC EMS R&D will be part of this facility ;
We are also working with NGO & NPO in many parts of the world to leverage the reduced cost of EMS products and services that we have;
This shall be deliberated further in our upcoming news update.
Roman, [16.09.19 16:20]
What is mx token in mexc ecosystem, Mexc and mx token both values are equal or different? Where can we buy MX token?
Sam Giovani, [16.09.19 16:20]
Which types of dapps support Mexc?
Shawn Service.pro, [16.09.19 16:21]
Why is the ERC20 blockchain chosen, which is a slow and expensive system compared to many modern competitors?
Hisham@mexc, [16.09.19 16:34]
[In reply to Shawn Service.pro]
We are among the full believers of Ethereum, and started the project before EOS, Tron and others are even made available. But we note the side effects of Ethereum lately. That’s why we’re planning to move MEXC to our own Versa Blockchain with our ERP is already in progress to run on our own Blockchain.
Rose, [16.09.19 16:21]
What is EMS, BLS, ALS can you explain a bit about it?
Hisham@mexc, [16.09.19 16:39]
[In reply to Rose]
EMS — Emergency Medical Sevices
BLS — Basic Life Support
ALS — Advanced Life Support
Ambulance equipment are equipment used for basic life support (BLS) and advanced life support (ALS). BLS equipment includes equipment used for ventilation and the airway, monitoring and defibrillation, immobilization devices, obstetrical kits, bandages and infection control equipment. ALS equipment includes cardiac, vascular access, nebulizers, glucometer and preloaded syringes with medications (e.g., narcotics, anti-epileptic medications, cardiovascular and cardiopulmonary medications).
EXRATES Unicorn, [16.09.19 16:21]
Muted chat!
@abdrazakmexc @dafew
Guys feel free to choose best questions for the answers again!
Hisham@mexc, [16.09.19 17:00]
Thank you guys for the awesome questions. Some of those left behind are to be answered out of band through Medium channel
Combot, [16.09.19 17:00]
🌟 Hisham Ismail has reached level 2!
EXRATES Unicorn, [16.09.19 17:01]
👍 So we ending for today… Thanks a lot MEXC team! @abdrazakmexc @dafew It was the BEST event!
💵 Rewards for the best questions on MEXC team opinion will be announced soon together with AMA report so everyone could read our full discussion and get full answers for all the questions.
🤝 Thanks everyone for participation!
Remember you will be able start trade MEXC on Exrates already today evening! And don’t forget to subscribe to MEXC Community group for the updates! https://t.me/mexclife
Hisham@mexc, [16.09.19 17:01]
Thank you guys!
Frp sun 🇰🇷, [16.09.19 17:02]
awesome ama
Razak@MEXC, [16.09.19 17:02]
thanks for asking all these awesome questions and its very difficult for us to decide the best 10 questions 🙏🙏🙏
Combot, [16.09.19 17:02]
🌟 Ruzz MEXC has reached level 2!
Iskandar Ismail, [16.09.19 17:02]
Awesome AMA so far.
Kim $Band 🇰🇷, [16.09.19 17:02]
Great And Informative AMA !! Thanks..
Rose, [16.09.19 17:02]
Thanks for answering my all questions and clearing my all doubts
Jonas Becker ( Jack ), [16.09.19 17:02]
Nice AMA .. Mexc to the MOON …
bnb shiller, [16.09.19 17:03]
mexc shill
Hisham@mexc, [16.09.19 17:03]
Thank you guys… we appreciate it.
Roger Camacho 🇷🇺, [16.09.19 17:03]
Nice answers ! Thanks for answer
pepe, [16.09.19 17:03]
moon ama so far
pepe, [16.09.19 17:03]
👍🏻
Omar Hassan, [16.09.19 17:04]
Thanks for your transparent answers
As, [16.09.19 17:04]
Thank you, just amazed how things going in this field.
Sahil Khanna, [16.09.19 17:04]
[ 👍 Sticker ]
S.A.M. Crypto Trader, [16.09.19 17:05]
Thanks for answering my question ! its awesome AMA ever .
WINNERS
Here are the winners. The questions are based on the uniqueness and the depth of the answers needed. This selection is final, and chosen by our MEXC team.
Have fun with your MEXC.
- Roger Camacho 🇷🇺, [16.09.19 15:19]
In current Blockchain Industry, there are many projects that are working on Emergency Medical services. So, what are unique Features MEXC provides to Medical industry that no-one provides yet ?
Why Blockchain Technology ? What is the use of blockchain technology in medical industries ? - Changgok Chul-Soo, [16.09.19 15:19]
What is Decentralized Voting of MEXC, Where the Voting is used and What are the requirements to participate in Voting ? Is MEXC Project has any plans to Launch their Mainnet in Future ? - S.A.M. Crypto Trader, [16.09.19 15:20]
What is MEXConomy in MEXC project ? What & how is the work and benefits of MEXConomy in MXEC Project ? Is there any Mobile Application or Client Provided by MEXC to and EMS officers or Hospitals or How MEXC works ? - Frp sun 🇰🇷, [16.09.19 15:19]
As everyone knows for becoming a successful project in the crypto market two things you need
1. First is the project should solve mainstream problems
2. Second project needs interested community support and trust
My question is,
1. How you would attract interested community, traders, holder to keep support MEXC Life?
2. Which types of mainstream problems MEXC will solve after successful implementation? - Kim $Band 🇰🇷, [16.09.19 15:20]
What is Blockchain Enterprise Resource Planning Platform ? Explain some Features and system of Blockchain Enterprise Resource Planning Platform ? How MEXConomy chain works in EMS ? - bnb shiller, [16.09.19 15:20]
Which new products, facilities mexc will provide in an emergency case? How will mexc serve better to save lifes in road accidents? - Danny Goldman, [16.09.19 16:20]
Does the Mexc have any plans for better community development and marketing for your project? - Aziz സ്വതന്ത്രമായി, [16.09.19 16:19]
What has been inspired you the most to start MEXC project? - Rose, [16.09.19 16:21]
What is EMS, BLS, ALS can you explain a bit about it? - S.R., [16.09.19 16:16]
What is Decentralised Manufacturing , Decentralised Marketing ,Decentralised Distributions, .Why Decentralised ? What holders have to do in order to get economic benefits from the network?
