AMA RECAP : CRYPTOSCAPE x XEEB
Venue : Crypto Scape
Date :01 NOV 2021
Time : 11:00 AM UTC.
Guest :Team
They shared detailed information and opinions about the Project XEEB.
🔴 SEGMENT 1 INTRODUCTION
1) please introduce yourself and your team to our community and tell your crypto story
$XEEB:
Hello from NC, USA. My name’s XEEBste Kang. I am a graduate of NC State University. I have done Soft Software Engineering since 1999. I launched my Soft Engineering career in an odd way back in the late 90s. Well, I graduated with an Economics degree from NC State. Actually, our school was one of the first schools to have a UNIX computer lab. It was an exciting start for the “internet.” AOL was big back then too. I created my first website (including picture) most of you probably don’t know this, but the first browsers only supported text. So when I created my first website using pictures, it was one of my greatest achievements in College. Getting back to my story: with my Economics degree, I applied to attend graduate studies at the University of Washington in Seattle. I went for half a semester and dropped out. I didn’t have the passion for it. Economics, it seemed, was pretty simple and straightforward. Once you learn the supply and demand curve, you’ve learned everything about Economics. So instead of pursuing a graduate degree, I used the extra time to build my first computer. That’s how I started my Software Engineering career...to keep it short.
Currently, I am an entrepreneur. I have started several businesses in both technology and food services. I have a passion for pursuing new ideas and new ways of performing mundane and traditional ways of doing business. Hopefully, these passions will help our team pursue better things
Our team consists of a dozen. Some of our team is highly skilled in what they do. We just hired a Chief Marketing Strategist to help identify the weak points in our Social Media Marketing. She is doing a great job of delegating work for our other Social Media Specialist and me. Our lead developer is not me. It’s Hyun Chul from Korea. We met while I was in South Korea in 2010. Our lead developer wants to stay anonymous due to the kind of work that he does. Also our developer’s English, according to him, is not for public speaking or writing. He has over 20 years of developing experience. Our content writer which we hired not too long ago is an amazing writer and Engineer. He will be presenting in the Whitepaper soon.
2.Definitely can you also tell me one thing because many people dmmed me that are you still hiring moderators they saw it in your website
$XEEB:
We have 4 full time moderators. Currently, we have enough. However, once we begin planning our public sale and launch we will definitely need skilled moderators.
We will keep everyone posted.
3) What is Xeebster all about , it’s usecase and how you got the Idea of creating it??
$XEEB:
Yes, use case. One of the most important aspects of a Crypto. Safemoon doesn’t have one. Shiba doesn’t have one. Bitcoin doesn’t really have one. Most of these coins are now used as payment methods, however, when they started out there was no use case for these coins. We have thought about the utility of $XEEB. We know the importance of utility. Without utility, people may lose interest. Currently, we are working on a unique NFT marketplace where both crypto users and non crypto users will be able to engage in. One that no one has pursued. This will take a while to implement however, we will update the community as we make progress.
Sorry to be so vague, however, due to uniqueness of our NFT marketplace we would like to be the "first"
Others will follow suit I'm sure.
Xeebster is something that I have thought about for a year now. Never had the courage to pursure until my friend in South Korea brought the idea up.
4) You are saying that you will keep it simple but nowadays people like constant updates in the products to make them interested in a product so will you address this issue ??
$XEEB:
We will not pursue too many projects at once like what others promise and then they never produce anything. In order to succeed, one should focus on one then move to another. We will announce our products as we move forward.
This is also something I noticed between successful companies and failed companies.
We want to succeed!
5) Did you do a fair launch or pre-sale launch also how was the response? And how much liquidity is locked and also tell the recommended slippage ??
$XEEB:
We are still at the private sale stage. We are still looking for more investors. Currently, we have two big private investors. Because of these investors we have enough funding for the launch and marketing before and after launch. We are looking for new investors to help us with the public launch. We do hope that the response will be better than what we expect. The recommended slippage will be between 16% - 18%.
We do not want to rush the public sale. We want to pursue marketing and predict how many investors are willing to join our community. Then and only then will we begin the process of a public sale.
We would use the help of this community and others like this great community.
**could
We will lock our liquidity to the max allowable on pinksale.
We believe that liquidity is something that is needed. The amount and time locked is important for our investors.
6) Can you justify the transaction fees and your tokenomics and tell how is it in the best interest of investors??
$XEEB:
We believe in rewarding the holders. The holders will be the foundation of our model. 10% of each transaction will be rewarded in BUSD reflections. This model has been proven effective. Take a look at EveryGrowCoin. The model has been soo effective, that if you held $8000 worth of EGC coins, your return could have been about $450 per day or $160,000 per year (of course EGC must have been trading 5% of market cap). Yes, the calculations are correct. Also, our content writer will be adding these predictions into the Whitepaper. It should be an eye opener. 3% will be used as buybacks and burns. When there’s a certain amount of funds available in this wallet, we will trigger a buyback. The buybacks immediately will be burned. This is hyper inflationary. 2% will be used as liquidity. Liquidity is one of the keys for a stable coin. Only 1% will be for the Marketing fee. We do hope that we have enough private investors to help us with the marketing fee. Hence, the low Marketing fee.
**EVerGrowCoin
**hyper-deflationary
Our tokenomics model has already been proven to work. It will work as long as we have a very successful launch!
Q1 XEEBster offers a service to earn BUSD passively, so I wonder, what are the benefits of rewarding your holders with BUSD and not with your native XEEBster token? How is this good for the sustainability of your project and are there other possible uses for the token @Lidiamga
$XEEB:
Yes, I read through all the questions on twitter. All great questions thank you all for the support.
Why BUSD?
I used to own Safemoon. I used to receive reflections in Safemoon. I used to own EverGrowCoin. I used to receive reflections in BUSD. Which do I like better? Which did the EverGrowCoin community like better? They (including me) loved the BUSD reflections. I personally used these reflections to purchase more of the coins. It was a way of getting investors more involved in trading and more of seeing their investments grow
For some after reading reddit posts, they felt a sense of stability from receiving BUSD reflections.
Of course, they immediately bought more of the coins. More trading activity, more reflections.
This is the biggest advantage of receiveing BUSD reflections
I will try to go through all the twitter questions this week.
Q2 These days, some platforms can’t carry-on long-term goals because of insufficient funding needed & groundless teams to keep on developing. In that case, Does #Xeebster have solutions to handle issues like this? How will you assure us that you’re offering a sustainable platform? @lighty_216
$XEEB:
Most startups depend on private investors for funding. We have secured two big investors at the start.
However, we are hoping for more investors to join our community. And yes, we do need more funding for what we want to accomplish.
Hence, the private sale that is currently happening on our website: www.xeebster.com
We have talked about this on numerous occasions. We initially wanted to launch early November, however, we decided on a later date for the public sale. First, we needed a solid team. Second, we needed more marketing, more awareness in what we offer. Third, we needed more funding to help us through this project.
Funding is important for any startup. And private investors are key.
The community support is key.
Sorry, the website will give you an error.
We are transitioning from one hosting to another. Our current hosting has yet to update our SSL.
It should be fine to browse.
Q3 After researching I must say that Toolkit is not only interesting & but also very useful. So, do you have any plans to attract non-crypto users to use your platform? What marketing efforts are you focused on at the moment? Can you tell us your marketing plans to expand globally @Azizmia19
$XEEB:
In order to create a platform where non-crypto users can use, we must think like them. NFT marketplaces today don’t do this. We have talked about how non-crypto users can use our NFT platform. As we mentioned above, our NFT marketplace will be a unique place not just for crypto users but for non-crypto users. We are in the process of developing the marketplace but may take time due to the inclusion of non-crypto users. We are doing full speed marketing. We recently hired a Marketing Strategist to help us organize and guide us through this process. We are focusing on Twitter, Instagram, Facebook and Telegram. On telegram, we have 24/7 moderations. We are also pursuing local businesses and small businesses. We are currently listed on Alignable. Most people would not know this platform unless you own a business. Xeebster is a registered legal entity in the State of NC and the USA. Therefore, we are listed on Alignable with other 1000s of local businesses. We have already received funding from investors through Alignable. We are focusing on Alignable through connections and through articles that our content writer is working on. We have also created a LinkedIn business site. We are slowly increasing foot traffic through these two platforms.
Global presence is also important. Initially, we tried global marketing but the cost and staff was something that we couldn’t handle. Although we have a Chinese lead, we would like to wait until we have more funding to pursue full time marketing for the Chinese community as well as the
Korean community. These two markets will be our focus, once we have more funding secure.
Q4 May I know the security of your platform because 80% of the coins are doing rugpull nowadays and also blacklisting address to sell?
Also tell me some of the features of your nft marketplace and how will you provide security to me if i list nfts and is coding required @Grumpyb14017909
$XEEB:
Yes. Anyone invested in Squid Game?
The investors are complaining about not being able to sell after a huge run in prices. This will be very hard for us to do since we as a legal entity is doxxed through the legal system. We are listed as an S-Corporation under the State of NC. I am currently listed as the owner of the legal entity. I believe complete transparency is important in the Crypto world. There is no reason not to be, unless you’re hiding something or you have ulterior motives. Trust is built on transparency and would like for the community to know that we will be fully transparent in our activities.
Too many anonymous projects. Too many scams.
I have been involved in one Rug Pull myself. It was shocking and just flabbergasted.
It was an eyeopening experience.
Never invest in anonymous projects.
Q5 I see that you have plans to open staking so when can I expect this to open and how will inflation be controlled after this ??
Also can user claim reflection once they stake @Somora191
$XEEB:
We will be offering staking through our website and third party exchanges.
However, staking will be something that we offer after our NFT marketplace. We will discuss more on staking on our website before we offer this service.
That's all I have for this question for now.
🟢 SEGMENT 3 TELEGRAM LIVE
Q1-Na@na:
💥
IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
$XEEB:
Good question. Since we are currently looking for investors I believe this question needs to be addressed. I did see quite a few of these questions too. Private sale is on xeebster.com and minimum investment is 1 BNB. One unique thing about our private sale is that you will get an opportunity to have a private AMA with me or a team member from Xeebster. We will answer any questions that you have before you invest. As I said earlier, we want the community/investors to feel that they can trust us. And trust is something that we will not take lightly. It's very important to me and the team.
Q2-Stephanie:
Hello ama sir👇👇👇
💝💝💝💝💝
👉👉👉Do you have AUDIT certificate or Are you Working To AUDIT your project.❓..so That The security of The project becomes more secure And reliable.??
Thanks..Sir👈👈
$XEEB:
Thank you for this question and this question needs to be addressed. We are in the process of getting our contract audited. We did complete a simple audit and passed it with flying colors. However, this audit does not go into full detail. Therefore, we are having a full detailed audit by a reputable company. We will keep the community/investors updated on the website.
Q3-🚲🛴Phong Hào 🌏🌏:
What mechanisms do you have in place to make sure that the price of Xeebster grows in a healthy and steady fashion rather than a quick pump to a depreciating price?
$XEEB:
This question seems a little difficult because none of us can predict the future. However, we do have some tools in place for this. We have an anti-whale system that limits the sell of $XEEB at one time. But the most important is how we build trust within the community/investors. If we earn their trust and continue to earn their trust during launch and after launch then we will have a stable price.
Q4-Md:Shimul.Boss:
Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
$XEEB:
We have a 3% coin buyback and burn system. With every buyback and burn $XEEB will increase in value. However, I believe that burning is not enough. So I believe the BUSD reflection system will be the most attractive tool in increasing the value of $XEEB. When investors see the reflections in their wallets, they will most likely invest more of $XEEB with their reflections causing the price of $XEEB to increase.
Q5-Erven James Sato:
WHAT CAN WE DO TO SUPPORT YOU?
$XEEB:
I like this question. Simple and to the point. Thank you for this question. We do need a lot of help getting the word out and I believe community awareness is the most important. Community involvement is something that Xeebster will try and pursue more. With the team that we have now we will do our best to involve the community better!
Thank you all for participating. I didn't know there would be this many joining us today. Thank you for the moderators!
Thank you for allowing me to answer your questions. And that's all I have for today. You can also ask questions on twitter if you need these questions answered.
Thank you from Crypto Scape 😍
