The Recap of Telegram AMA for MXC Global (Official)
Host: Molly
Guest: ROAD Founder- Aaron Li.
Molly: Good afternoon, all lovely fans! This is Molly, so glad to have this AMA — ROAD. Today our guest speaker is ROAD –Founder: Aaron Li.
Hi Aaron, nice to meet you, welcome to MXC Exchange telegram community AMA. Please have a short self-introduction and share ROAD basic information to our community members first, thank you.
Aaron:
Hi all, ROAD is a business-driven project. It attempts to create a full lifecycle interaction and accounting system for cars based on blockchain technology, which is called auto-ledger. The auto-ledger is an Internet of Vehicles and intelligent transportation system built on individual interaction and community intelligence to implement related business applications, data confirmation and privacy protection with blockchain. At the same time, the ROAD Token is created to coordinate the resource exchange between the vehicle nodes and the heterogeneous chains. Road is a business-driven project, which continues to increase the marginal effect of the overall participation population through the practice and expansion of commercial projects.
Segment 1: Questions from community
Molly: Q1. Can you list 2–3 killer features of the ROAD Token that makes
it ahead of its competitors? From @trung94
Aaron:
●Excellent IoT technology is the foundation of the success of the Internet of Vehicles, because the Internet of Vehicles is the most complex application of Internet of Things. The vast majority of IoV startup companies start from zero, and they have much experience with the IoT and blockchain. ROAD is incubated by INT Chain. INT Chain has the world’s most advanced IoT blockchain technology. We are standing on the shoulders of giant.
●ROAD’s commercial users will use tokens for payment. With the expansion of business, there will be more and more token holders. The practicability and market value of ROAD are growing faster than other projects. And that’s what we are doing right now, and many related aftermarket partners have joined ROAD ecosystem.
Molly: Q2. What is the “OBD Device”? Please explain what the main benefits of this Device are? From @tosang1990
Aaron:
Cars generate a large amount of data during daily driving, including acceleration, road condition feedback, risk aversion, and fuel consumption. These data are indispensable learning materials for the AI (Artificial Intelligence) system of smart cars. Through analysis, organization, and integration, the AI system develops the optimal driving scheme and applies it to autonomous driving. Therefore, massive driving data is the basis for the development of Internet of Vehicles, and OBD device is the hardware responsible for collecting these data.
Molly: Q3. Which market does Road active mostly right now? Does ROAD have any plan to expand its market in Japan in the future? From @quanglehoan
Aaron:
ROAD’s technology is open to the world and can be joined by developers anywhere. ROAD has developed a commercial product — the OBD device, which is currently sold in the Chinese market. Japan has a large automobile market, and we are very willing to serve Japanese car owners in the future. In fact, our OBD device supports more than 95% of car models in Japan. As you know, each manufacturer in Japan has its own unique car error code, and we have made a lot of effort to be compatible with all Japanese brands.
Molly: Q4. Trust is very important in the Self-driving car industry, what makes investors, customers, and users feel safe when working, using ROAD technology? From @MissN0103
Aaron:
This is why ROAD born. Autonomous driving technology has not yet widely used, there are two factors: 1. the security of data interaction; 2. the privacy protection of car owners. And ROAD is helping to solve these two core problems.
Molly: Q5. I wonder strength of THE ROAD project and why you chose mxc as your partner? From @openice
Aaron:
●ROAD is well-founded and having excellent team and applications, and a large number of community fans;
●MXC is a very fast-growing digital asset platform. It has an excellent operation team and a large number of users around the world.
● ROAD and MXC can help each other in many ways to jointly promote the success of both parties.
Segment 2: 5 Best Questions
Q1. Can you give us a bit of background on who’s building the business and tech? This is my 1st time to hear your coin, ROAD. Why you name your coin ROAD? And what is your vision? @Ledger_S
Aaron:
Because we are application of blockchain for IoV. We want our system can be like a road that every Car or vehicle can run on it. I wish on every road, we can see the car equipped with ROAD’s system.
Q2. You had ever worked in Alibaba, so why do you decide to leave that reputation company and build ROAD? I am curious about your experience and core team for long term? From @ngoccam
Aaron:
My team and I have been always in the frontier of internet industry. We find that traditional internet + blockchain can create a brand new model, that is internet of Value. The traditional internet solves the problem of information asymmetry, blockchain + traditional internet can solve the value asymmetry. This is the future of internet, and it is also the vision of our team.
Q3. ROAD will solve Vehicles industries problems by their T-box devices,
bringing VIN Number but can you explain what the use of road token in your ecosystem like utility, etc.? What’s marketing plans to build more community increase more awareness? From @Devil_Crypto
Aaron:
In commercial system, ROAD can as payment for all services. In the blockchain system, ROAD can work as a method to coordinate the resource exchange between the vehicle nodes and the heterogeneous chains.
Q4. As your project is based on main stream technology like IoT based vehicles, how can you drive new users who do not know about blockchain and cryptocurrency? From @farrelnata
Aaron:
As you can see everybody is using computers, but the majority of peoples don’t know how to programming. What makes ROAD different from earlier blockchain projects, it’s like Windows compared with DoS. User may have very little knowledge about blockchain, but he/she can use ROAD in a very simple way. And I think this will be the future of blockchain when the product can be widely used by peoples, then the product is a great product.
Q5. As ROAD-Distributed Internet of Vehicles Economic System Based on auto-ledger, how robust are you to handle 21st-century automobile needs? From @giveawayman
Aaron:
ROAD is a system is built for the needs of future, we design the system based on 5G and fast communication application.
Quiz:
1. What’s the core product of ROAD project?
Answer: Auto-ledger and OBD device
2. How to convert 100% ROADLY coin into ROAD?
Answer: Net-buy volume of ROAD token ≥ his deposited amount of ROADLY.
3. What’s ROAD official telegram group?
Answer: https://t.me/Roadpro_Official
4. What’s ROAD official Website?
Answer: https://roadpro.io/
5. What’s the total supply of ROAD token?
Answer: 2 billion
6. What’s the circulating supply of ROAD token?
Answer: 140 million
7. Where does the core member of the ROAD team come from?
Answer: Alibaba
8. What is the ROAD system architecture?
Answer:
1) Data production layer
2) Data storage layer
3) Application layer
9. When is the road unlocked for the first time?
Answer: January 2021
10. What’s the deadline to deposit ROADLY into MXC Exchange and complete KYC?
Answer: 12:00 (UTC+8), February 28
