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Kyrrex x Satoshi CLUB AMA Session 28 October 2021

PART 1. Introduction of Kyrrex project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about Regulated Crypto Exchange Built by Real Traders.

Kyrrex provides an extensive range of services including trading, exchanging and storing cryptocurrencies, participating in an exclusive Saving Program, and many others.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about Kyrrex

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club — @GoldRocket27

Andrés M. | Satoshi Club — @AndresM77

The Representative of the project:

Viktor Kochetov — @vk1101 — a CEO and founder of KYRREX ECOSYSTEM

Mike — @Mike_Kyrrex — Kyrrex Co-Founder and visionary

Introduction of Kyrrex project.

Gold rocket | satoshi club:

Hello again, dear satoshi club community! We are pleased to announce ama with Kyrrex

Today our guests are @mike_Kyrrex (mykhail romanenko) and

@vk1101 (mike)

Hello and welcome to satoshi club, mykhail and viktor😊

Viktor kochetov:

Hello everybody 🙌

Mike:

Hi all!

Gold rocket | satoshi club:

Nice to e-meet you guys❤️

Viktor kochetov:

Our pleasure

Gold rocket | satoshi club:

How are you doing?

Viktor kochetov:

We are doing well 😉

Mike:

Nice to e-meet you too)

Gold rocket | satoshi club:

We are really excited about upcoming ama with you❤️

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Kyrrex

Tell us please about your position in Kyrrex

Andrés m. | satoshi club:

Is an honor for us to have you here😃 @vk1101 @mike_Kyrrex

Viktor kochetov:

My name is viktor. And i am ceo and founder of Kyrrex ecosystem

Our past experience it’s traditional classic market trading and development of different kind of trading systems

Mike:

I’m mike — co-founder and cvo of Kyrrex

Andrés m. | satoshi club:

What is the meaning of Kyrrex word?🤔

Gold rocket | satoshi club:

Yes! What does it mean?😁 btw give us a brief introduction to the project. What is the essence of Kyrrex

Viktor kochetov:

The essence of Kyrrex is crypto fiat ecosystem. This system is combines 2 worlds — fiat (with the main services) and crypto with the full spector of functionality. Unfortunately, at present it’s not possible to provide full range of services inside one platform but with the Kyrrex ecosystem based on right legal and technical diversification it becomes possible.

Andrés m. | satoshi club:

Which chain are you based on?

Mike:

We are centralized ecosystem

In some parts of our core, we use stellar blockchain

Viktor kochetov:

Kyrra — in greece philosophy means people of the sun

Rex — real exchange

So, people of the sun bring you real exchange)

Gold rocket | satoshi club:

Very strong and symbolic name

Please tell us about the team of like-minded people who help build the project? Who is at the core of the team?

Andrés m. | satoshi club:

Oh great chain, a little underrated

Viktor kochetov:

At the moment we have 60+ people in-house and about 20 as an outsource staff. The senior management and core team consists of professionals from the different financial sectors: banking, software development, portfolio management, etc

Our team is growing very fast, we have started our legal expansion and ready to participate this process at different geographies to cover our services all over the world.

Also, more information about our team members and board members can be found here https://Kyrrex.com/token/

Gold rocket | satoshi club:

Thanks for sharing😉 Real dream team😁

Andrés m. | satoshi club:

Excellent team behind a fantastic project. Where is you based focused on? I mean are you interested on europa, asia or are you a global project?

Gold rocket | satoshi club:

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Kyrrex

Viktor kochetov:

We are global project. Currently we are located in Europe but already have company in usa and in process of licensing there. Next steps Singapore, India and turkey

Andrés m. | satoshi club:

Excellent, that’s mass adoption😃

Viktor kochetov:

Our target is only regulated markets

Mike:

We have started to look a crypto market at 2015 as crypto traders

For us it was very hard to work with it infrastructure due to a lot of reasons:

– lack of liquidity

– poor functionality

– lot of problems with connection to web platform

Thats why we decided to create our own project

Since 2016 we developed our architecture and core

At 2018 we launched our mvp

Gold rocket | satoshi club:

You are early birds😁🔥

Viktor kochetov:

Yes, you are right)

Andrés m. | satoshi club:

Thanks for the introduction guys, now let’s learn more about Kyrrex through the community questions we have collected. Ready to proceed?🥳

Viktor kochetov:

We are always ready 😅

Preselected questions about the Kyrrex DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @yellowchamp

Some of the benefits of Kyrrex native token which is the $krrx tokens are trading fee discounts which you can save up to 50% on trading fees and you also have referral program and savings program. So,while giving 50% discount on trading fees,is this fair enough to your platform and how would you gain more revenue if 50% of your trading fees is given as discount? What leads you to give a higher discount on trading fees? Can you explain the mechanism of your referral program? What are the rewards for the referrer and the one being referred in Kyrrex? How much is the highest percentage rate of your savings program? What is the longest duration of your savings program? Does your saving program is same as holding of tokens in your platform? What advantages of saving program? Thank you

Viktor kochetov:

Thank you for your question.

Our low-cost business model provides an efficient cost structure that can reduce trading fees up to 60% when our clients use the krrx token. We are building a strong and reliable ecosystem accessible to everyone.

Our user-centric approach is focused on finding the best value proposition for our users to empower and benefit from our ecosystem.

As for our referral program. It depends on the number of coins in staking and the number of referrals you are attracting. The more coins in the staking you have and the more referrals you have attracted, the higher share of referral’s commissions you will receive. Bonuses vary from 10% to 60% of total amount.

Our deposit program provides the highest interest rate on the apy on krrx deposit is 14.5%. The longest term for placing a deposit is 360 days.

Also you can purchase our software solutions for institutional clients like white label for exchange and otc, liquidity hub, telegram bot wl with huge discount

Gold rocket | satoshi club:

Great apy👍

Andrés m. | satoshi club:

What are the most important usecases of $krrx?

Viktor kochetov:

Reduced trading fees, unique services and products which would be provided only for the stake holders of krrx

Andrés m. | satoshi club:

Great reasons to invest, staking is my favorite one btw😁

Gold rocket | satoshi club:

Please tell us what these features are? Especially about telegram bot wl?

Mike:

We have created telegram bot for exchange, store, stake crypto, you can try it @krrx_bot

Bot could be provided like wl solution for other crypto institutionals

Gold rocket | satoshi club:

By the way, i registered on Kyrrex and i can note that you have an excellent intuitive interface, support for many languages, and a sufficient number of coins

Viktor kochetov:

You should try our @krrx_bot and it’s even more intuitive interface

Gold rocket | satoshi club:

Of course i will try it 😁

Andrés m. | satoshi club:

I’m doing it and is really intuitive, a good exchange

Gold rocket | satoshi club:

Thank you very much for your answers and clarifications! Ready to proceed to the next question?

Viktor kochetov:

Very useful for the people who just start crypto activity

Andrés m. | satoshi club:

Keep things simple is the key😁

Q2 from telegram user @nataliyakil

If i understand correctly, the krrx token presale started on october 25th? Where does it take place and who can take part in it? When will the sale be considered completed and closed, is there a specific time frame or when will the amount of tokens allocated for the sale be sold?

Viktor kochetov:

@nataliyakil thank you for the question.

Yes, correct, the presale have been started on 25th of october and will last till 25th of november. The total amount for presale is 50 mln tokens. Immediately after that we’ll start the public sale on top tier exchanges.

Gold rocket | satoshi club:

Will Nataliya be able to participate? 😉

Viktor kochetov:

I hope so)

Andrés m. | satoshi club:

We all can 👀

Gold rocket | satoshi club:

Are there any special conditions, such as kyc or etc for this?

Andrés m. | satoshi club:

What will be the listing price, initial market cap and max supply?

Viktor kochetov:

We have diversified model of our legal part , that’s why based on the origin of the client we could provide the more comfortable way to pass kyc procedure in our platform.

Mike:

Listing price will be 1 usd

Max supply 500mil of krrx token

250mil will be frozen for 4 years

Andrés m. | satoshi club:

Thanks for those interesting details, clear answers are very appreciated for our community. Now is time to proceed with the next question🥳

Andrés m. | satoshi club:

Q3 from telegram user @pavel_jarosh

With a 5 year background (founded in 2016) as a global investing, payment and financial ecosystem, Kyrrex is aiming to bridge the gap between banking and crypto through the provision of a comprehensive set of products and services, aimed at everyone, everywhere. However, there’s not much info about Kyrrex outside of your website or community. There’re only 17 reviews regarding Kyrrex on trustpilot that makes think that you’re still at the stage of building a strong community. Please talk about these 5 years since the foundation. What obstacles have you overpassed so far? What made you special by the end of days? Thank you!

Viktor kochetov:

You are right, we been quite for so long. But! We had a reason. Our main concern is a legal part. We have been in a process of licensing and parallel we wanted to provide ready product for the clients. During this time, we didn’t make any marketing or promotion. But now we are ready to bring everything what has been prepared for 5 years. Be ready to meet us 🤗

Our unique products and ecosystem itself makes us special in compare of other companies in this sphere

Gold rocket | satoshi club:

Yes, you really brought unique solutions

Look forward to! Thank you very much for taking these issues so seriously. After all, this is how you care not only about yourself, but also about the safety of your users.👏👏👏

Andrés m. | satoshi club:

You care a lot about legal terms, have you done audits processes? Which problems did you find on your platform?

Mike:

We have passed system audit from one of “big 4” before apply a license

Viktor kochetov:

In regards of legal part we have been in process to obtain license in malta 3 years. Now we already passed final compliance visit from the regulator and already fulfilled the conditions.

Andrés m. | satoshi club:

Wow, that’s an important milestone. Congratulations

Viktor kochetov:

As you know malta has proper crypto regulation and i think it’s one of the country who did it very well. Since 2018 there been a lot of companies 286 applied for the licensing (including binance) but now just a few still in a process including our company

Most of the companies didn’t full fill requirements and now out of this process

Andrés m. | satoshi club:

Our best wishes for you on it💪

Gold rocket | satoshi club:

Yes it makes sense👏

Thanks for your great answers! Ready for the next question?

Viktor kochetov:

Now we are ready

Andrés m. | satoshi club:

Q4 from telegram user @jmagsss

I’ve learnt that Kyrrex’s native token, the $krrx or the Kyrrex coin, is deployed under the tron blockchain and uses the trc-20 protocol standard. Most centralized crypto exchange platforms have came up with their own native networks to issue their platform’s token like the $bnb of binance in the binance smart chain, the $okb of okex’s in the okexchain, the $kcs of kucoin in the kcc and so on and so forth. All of them have their own respective blockchain and networks where their token resides. Will this be also the case for Kyrrex in the future? Will you be developing your own chain where the $krrx will be the native token?

Mike:

Most of the tokens mentioned above were launched on erc20 network. Only after some time they’ve developed their own blockchain. We won’t be the outlier here and also plan to launch our own blockchain. But before that we need to stick to our roadmap and execute all products and features announced.

Gold rocket | satoshi club:

Well, if did you say about the roadmap, would you like to share with us perhaps?

Mike:

Yes, we have our roadmap in the wp

https://kyrbkt.s3.eu-west-1.amazonaws.com/files/Kyrrex+whitepaper_eng.pdf

Gold rocket | satoshi club:

Thanks guys for detailed information and answers😊 Ready for the next question?

Viktor kochetov:

Yes sure

Andrés m. | satoshi club:

Q5 from telegram user @emnking

I read on your telegram page that by the end of november the mobile app for Kyrrex will be released. And it will completely duplicate the desktop version of Kyrrex, and at the same time will be simple and convenient to use. Duplication of the desktop version to the mobile version, does this entails that if the mobile app is released, users that have been using the desktop versionwill no longer be able to use Kyrrex on desktop? How will you ensure that this duplication process is carried out in such a way that users data will not be lost? Will the app contain the otc market as well?

Viktor kochetov:

We will migrate the database, hence all users that signed up in web version can use their credentials in mobile application, there is no rocket science behind this. Otc will be integral part of mobile application and its release will be very soon. In the future it will be cross platform with the possibility to open bank account with the proper iban, issue debit card , possibility of crypto fiat trading, crypto custody, crypto portfolio management and other services. Main important you will have consolidated balance — that’s why we are calling our project one stop shop 🤗

Andrés m. | satoshi club:

Great explanation. Btw, i read on your whitepaper about online banking, do you plan to implement any kind of debit/credit card for users?

Gold rocket | satoshi club:

I love that you are offering a consolidated solution on one platform! This is a sure way to success👏👏👏

Viktor kochetov:

Yes, i just mentioned about. We are planning to issue debit card linked to your multi balances (crypto and fiat)

Gold rocket | satoshi club:

Thanks for clarifying 😊 Let’s proceed to the last question of this part! If you don’t mind of course 😉

Mike:

Yes, we are ready ☺️

Andrés m. | satoshi club:

Q6 from telegram user @asela1112

It noticed me about a license that you got from Estonian financial intelligent unit. Firstly, i want to know about Estonian financial intelligent unit?

What is this license stands for? Will it directly reflect Kyrrex platform’s reputation in a better path? Will you be able to build a good image throughout the defi space by using this license? Please tell us, do you hope to obtain more license to increase Kyrrex reputation through the reliable collaboration like Estonian financial intelligent unit?

Mike:

Estonian company is one of the part of our holding

FIU regulate crypto activity in Estonia

Gold rocket | satoshi club:

As far as i know, in the Baltics, crypto is well regulated and there is quite loyal legislation, isn’t it?

Viktor kochetov:

Yes sure, we are on a final stage with Malta, parallel we are in process with USA, Singapore , India and turkey

Andrés m. | satoshi club:

That’s fascinating you care about those legal process, that will increase the confidence of the users

Mike:

Estonan legislation now more difficult than 2 years ago, and next year they will provide new requirements for crypto companies

And we are ready to pass them

Gold rocket | satoshi club:

I think you can handle everything🔥🔥🔥

Viktor kochetov:

It’s our main concern from the beginning

Andrés m. | satoshi club:

Well @vk1101 and @mike_Kyrrex we should recognize the big potential of Kyrrex, it has been a kind time learning about your innovative project. Now, is time to interact directly with the Satoshi clubbers, a ton of questions are coming for you when we open the chat 😁

Viktor kochetov:

We will do our best to respond as much as possible

Gold rocket | satoshi club:

Get ready for the most impressive part of our ama! Live questions🔥🔥🔥

PART 2.Questions about the Kyrrex project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Kyrrex crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @highpee

KYRREX BOT can be used for sending/depositing crypto, storing crypto, staking crypto and other functions. I started the bot and it created an account for me with a unique account ID. But I would like to know more about this bot. Can the account created on this BOT be linked with account opened from Kyrrex website? And since the bot can be used for depositing, storing and staking crypto, how are private keys of the assets kept in this bot protected and how secure can this bot be?

Mike:

We are in process to provide such solution — when TG Bot will be conected to your Kyrrex account
TG Bot has same core like an exchange, also has 2FA for withdrawals.

Q — 2 from a telegram user @Tahsinahmett

Do you think you have competitors in the same lane as Kyrrex? What is your most important competitive advantage?

Viktor Kochetov:

As ecosystem we still don’t have competitors. Most of the projects provides us just a part of services.

Q — 3 from a telegram user @cindy0666

Do you provide lending services? Could you give information? Is there also copy trading on the Kyrrex platform?

Viktor Kochetov:

Shortly we will launch Shortlist program and multi account management

Q — 4 from a telegram user @Savitasapra3

Is there any requirement of Kyc on Kyrrex to comply with government regulations? If yes, then What kind of papers or documents do we have to provide?

Viktor Kochetov:

Based on origin of the clients you will be redirect to exact jurisdiction of our holding and you will be required to pass KYC.

Q — 5 from a telegram user @Phunsuk9999

After the Presale , What other plans have you made , IS STAKING PROGRAM Will be available , So that If I Buy the Token , I can earn a passive Income from Token?

Viktor Kochetov:

Yes , correct. You will be able to buy KRRX and make staking straight away.

Q — 6 from a telegram user @Pavel_Jarosh

Kyrrex states that their software solution allows customers to ensure complete overlap of transactions for any crypto asset, performs matching and balancing between accounts of all clients. In this sense please describe the main features and goals of Liquidity HUB? Is it created for business or individual account? Is it provided on top of your main services or should be bought additionally?

Mike:

Liquidity HUB integrated into our core — so any user will have deepest pool of liquidity at any moment
Also this technology can be used like software by institutionals

Q — 7 from a telegram user @Karry1999

$KRRX TOKEN , Where Can I buy it at a Most Affordable Cost , IS there any Presale Planned so that Many Users Like me Can Buy it Easily?

Viktor Kochetov:

You can buy it through our website Kyrrex.com or through our telegram bot @KRRX_bot

Q — 8 from a telegram user @messilolz

do you have any plan to hire more members in team and any ambassador programme available for raising awareness of your project in global level?

Viktor Kochetov:

Of course. The team is growing fast and we are looking to involve more and more. Ambassadors as well.

Q — 9 from a telegram user @Romanprisa

I Read In your Roadmap that in Q4 2021 ,
have planned for the BANKING , Can You please tell me The Main Role of the BANKING in the Ecosystem , Is it Centralized Or decentralized?

Mike:

Digital bank will alow clients to open Bank account with proper IBAN and debit card
It will be centralized structure.

Q -10 from a telegram user @highpee

You plan to incorporate banking services and you will partner with online banking services such as SWIFT, SEPA, VISA/MASTERCARD. Can you explain how you plan to deploy banking services for more than the 177 countries you plan to support, generate unique IBAN account number and as well as enable fiat-to-crypto and crypto-to-fiat transaction to users across these regions? How will users and institutions access these services?

Viktor Kochetov:

We are in a process with our EMI structure. Through this company you will be able to do the above mentioned services. Plus all this services will be available in our cross platform with consolidated balance in crypto.

Part 3 — Quiz about project

In the final part, we tested the knowledge in terms of the Kyrrex project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: Kyrrex

Telegram group | Instagram | Tweeter | Website | Facebook | Reddit| LinkedInn

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