AMA RECAP : CRYPTO CHALLENGERS x X-PROTOCOL
Venue : CRYPTO CHALLENGERS
Date : 01 DEC 2021
Time : 02:00 PM UTC.

Guest : Jessie Chua
They shared detailed information and his opinions about the project X-PROTOCOL.

🔴 SEGMENT 1 INTRODUCTION

Q1. Can you briefly introduce X Protocol? and from where you get the project name? What
does it mean to you? And why you choose this name for your project?

Jessie Chua | CMO at X Protocol:
X Protocol is built in RUST language, featured with cross-chain bridge, privacy computing and data analysis pallets. It provides a decentralized, safe and fast bridging solution.

Initially deployed on Polkadot, the preparations for the deployment on public chains such as Solana, Polygon, ETH, BSC, etc. have been completed and will proceed in an orderly manner.

X Protocol aims to build the first Metaverse + application portal on Polkadot and Solana, integrating source gameplay and land economic model, providing cost-efficient access to Metaverse for DApps on heterogeneous chains, sharing user group of X Protocol as well as enriching the X ecology.

'X' means infinity
Because X Protocol enables the infinite scalability of product development as well as technology upgrade. Other than continuous development from our side, the Metaverse land economy model provides cost-effective solutions for DApps on heterogeneous chains. Once we form an organic economic system, X Metaverse will have unlimited potential.

Q2. What strengths does X Protocol have to compete with competitors?

Jessie Chua | CMO at X Protocol:
The metaverse is an immersive virtual world close to reality and an open network world of the future. This straddling of the physical and digital worlds naturally lends itself to blockchain technology. Because digital objects, content and intellectual property can flow through the metaverse, blockchain technology can be used not only for user data, but also to allow users and companies to create content and goods, which in turn can flourish.

More importantly, blockchain technology can also create a fully functioning economic system in the metaverse that is connected to the real world.

Therefore, we decided to create a metaverse with blockchain technology as the base protocol, and the X Metaverse was born.
People can benefit from the DID system and economic model to achieve the freedom of self-defined finance.

Q3: Could you please tell us about $POT,its total supply, its features?

Jessie Chua | CMO at X Protocol:
$POT will be the only governance token for X Protocol in our X Metaverse，users can stake the POT token to become a governance node.

More importantly, in our recent Land Selling plan, POT can be used to stake and obtain the land use right or ownership. Recently, our X Metverse has launched and inhabited its first users. Also, the details on X Metaverse land sales is to be released! Both individuals, influencers, and project parties can claim the right to use the land by staking $POT.

Details on Land sales can be found in https://twitter.com/X_Protocol_/status/1463960681976262671

As for the tokenmetrics
Ecosystem growth: 15% of the total circulation; For marketing, cooperation and Pr.Linear release after TGE every quarter within 3 years.

Team & Advisor: 10% of the total circulation. Reserved for team and advisor as incentive.6 months lockup after CEX listing, then monthly release within 36 months.

Liquidity Pool: 15% of the total circulation. Liquidity for uniswap and other exchanges.Quarterly release on CEX listing, 3 year linear unlock.

Pool reserved for Yield-Farming: 35% of the total circulation. For network incentive after the main-net launch.

Fundraising: 25% of the total circulation. Support the initial development of the project.Release according to investment term.

Q4: Can you tell us about your recent activities and progress?

Jessie Chua | CMO at X Protocol:
On 15 Nov, we have launched our very X-metaverse platform successfully and are holding community testing events, users can enter the Airdrop house and complete all the tasks as instructed. We have given out 1000 $POT as reward. Links: https://twitter.com/X_Protocol_/status/1460087464136085511

And there's good news for you guys too, we have launched The Puppy Treasure hunt Event where users can receive rewards just by wandering around in X Metaverse and catch the puppy by left click. The total reward pool is 1 BTCB, 2000USDT and 10,000 $POT ! Please hurry for the prize ! Link : https://twitter.com/X_Protocol_/status/1463873300791103493

DECE Chain is holding an AMA in the X metaverse where users can enter the Airdrop House in the metaverse and complete tasks to win $2,000 USDT in drop rewards!
https://twitter.com/X_Protocol_/status/1465700685756780553

Q5：Do you have any follow-up plans?

Jessie Chua | CMO at X Protocol:
Our Dapp X Predict Market will soon be available on the BSC main net. Users can stake POT to become a node and participate in the governance of Dapp. At the same time, users can use the $POT in their hands to participate in predictions and make guesses. If they are correct, they can divide the POT reward from the proposal's liquidity pool.

At the same time, after the X Metaverse arithmetic reaches a certain level, the energy of the X Metaverse will break through the limits of the dimension. The X Metaverse will in some ways touch our world and connect with you in front of the screen. This may be an opportunity or a difficulty. If you are curious about the world of the future, join the X-Metaverse and try to occupy more resources in the early stages!

🔵 SEGMENT2 TWITTER QUESTIONS

1.I read on your Medium that you made a series of predictions about the League of Legends
World Championship. Could you please explain a little more about this? How can we be
informed about similar activities in the future?

Jessie Chua | CMO at X Protocol:
we have launched The Puppy Treasure hunt Event where users can receive rewards just by wandering around in X Metaverse and catch the puppy by left click. The total reward pool is 1 BTCB, 2000USDT and 10,000 $POT ! Please hurry for the prize ! Link : https://twitter.com/X_Protocol_/status/1463873300791103493

DECE Chain is holding an AMA in the X metaverse where users can enter the Airdrop House in the metaverse and complete tasks to win $2,000 USDT in drop rewards!
https://twitter.com/X_Protocol_/status/1465700685756780553

2.POT Will be used as the only governance token used in Protocol X and its X Metaverse.
What are the minimum requirements to participate in the governance of Xprotocol? How
does the governance of Xprotocol work? Who can participate in governance?

Jessie Chua | CMO at X Protocol:
If you want to participate in the Dapp you need to hold a POT to participate and profit according to the rules of the third party Dapp. And, we will also regularly hold airdrops for the whole metaverse, just play and socialize in the metaverse according to the rules and you will have a chance to get the reward

Users can participate in governance by staking a certain amount of POT. Examples include the Land Sales Plan and the X Predict Market, in both cases users can stake POT to obtain greater rights and benefits.

3.Currently, most projects and platforms are in English. How will you reach non-English local
communities? Do you have any plan for them to better understand your project?

@Shekhfo50636344

Jessie Chua | CMO at X Protocol:
Yes, we will move towards DAO and gradually make the community a core component of the metaverse. Currently, we have expanded the community to the world. We have formed communities in multiple languages. Also, we are working on an ambassador program. Anyone can be a representative of your region and become a leader in the metaverse, leading your region to get more benefits in the metaverse. If you want to be a part of us, remember to join our group: t.me/xpredictmarket

4.They recently announced that the X protocol core team is looking into developing a staking
NFT so I would like to know if the community will be able to vote to ask for this important
feature to give even more value to the protocol NFTs? Do you plan to have your own
marketplace?

@Doacinta41

Jessie Chua | CMO at X Protocol:
NFT will be an important part of the metaverse. We have already signed several NFT artists to create NFT for the metaverse, and X Protocol will also launch a first-party NFT trading marketplace. This trading market will have the advantages of high security, high speed and low fees based on X Protocol. In addition, when the user gets the right to use the land, the user can host NFT trading in the building as HOST.

5.People always check about safety and security from any project because much hack issue
right now, I would like to know how is the safety from your project? How did you make sure
that you are secure?

@Fighterman77

Jessie Chua | CMO at X Protocol:
Apart from the ongoing audit report, We have previously launched a SRC hack challenge where white-hat are invited to find bugs about X Protocol network. 10,000 USDT were offered as the winning prize, but no one actually found anything that qualified as a threat. https://twitter.com/X_Protocol_/status/1425399328605032449
X Protocol will Actively take countermeasures to hackers.

⚪ SEGMENT 3 TELEGRAM LIVE

Q1:
Is your platform suitable for crypto beginners? Or does it only limited for professional users ?

Jessie Chua | CMO at X Protocol:
Ordinary users can enter the metaiverse without any threshold and just need to access the official website to participate. Of course, if you want to participate in the Dapp you need to hold a POT to participate and profit according to the rules of the third party Dapp. And, we will also regularly hold airdrops for the whole metaverse, just play and socialize in the metaverse according to the rules and you will have a chance to get the reward

And Hundreds of users have already found Puppy and been rewarded today! If you are lucky enough, you can take $POT from the metaverse. If you enter the metaverse, you will have a chance to get reward! It doesn’t need any POT for fee.https://twitter.com/X_Protocol_/status/1463873300791103493.

Q2-Lorine Juarez:
What is the most ambitious goal of your project? Could share with us any Upcoming Updates?

Jessie Chua | CMO at X Protocol:
Our focus in the near future will be on updating the metaverse. This is where the POT value comes far. At a later stage, the value of POT will rise as the metaverse is updated
https://medium.com/x-predict-market/x-protocol-development-timeline-495384abe10c.

Q3-Palma Bergman:
So many projects just like to speak about the "long term vision and mission" but what are your short terms objectives? What are you focusing right now?

Jessie Chua | CMO at X Protocol:
Holding POT can participate in our later programs, such as the land sales program. This requires POT for staking. also, our Dapps governance needs to be done through POT. The more POTs you hold, the more influence you will have and the smoother your activities in Dapps will be.
The first Dapp X Predict Market will be launched soon, when users will use POT to carry out activities inside. This includes governance, creating prediction, participating in prediction, etc.

Q4-Wilhemina Blank:
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product?

Jessie Chua | CMO at X Protocol:
Yes, we will move towards DAO and gradually make the community a core component of the metaverse. Currently, we have expanded the community to the world. We have formed communities in multiple languages. Also, we are working on an ambassador program. Anyone can be a representative of your region and become a leader in the metaverse, leading your region to get more benefits in the metaverse. If you want to be a part of us, remember to join our group: t.me/xpredictmarket.

Q5-Wilhemina Blank:
Q)Can you tell us about some of your partners and who you plan to collaborate with in the near future ?

Jessie Chua | CMO at X Protocol:
Of course,Here are some of the collaborations with other projects.
Peri Finance
https://twitter.com/XPredictMarket/status/1432946629380698112
Crust Network
https://twitter.com/CrustNetwork/status/1425027562544123905
Black Ocean
https://twitter.com/FrankLinYield/status/1422172992688300034
ParamiProtocol
https://twitter.com/XPredictMarket/status/1420632940992622597

Also We have received investment from
HuobiVentures
https://twitter.com/X_Protocol_/status/1456516124791623680
OKEx ventures
https://twitter.com/X_Protocol_/status/1456591883438739464
Gate.io
https://twitter.com/X_Protocol_/status/1456938076115070979

We are seeking partnerships with more GameFi or Social Fi DApp projects in the future.

Nice AMA today! And don't forget to join our event!
https://twitter.com/X_Protocol_/status/1465700685756780553