AMA RECAP : CRYPTO MINERS X DXBpay

Venue : @Crypto_miners_Community
Date : 25th September, 2021
Time : 1:00PM UTC

Guest : Michael Bort
Team shared with us a well detailed insight into the Project and Unique features of DXBpay…

SEGMENT 1️⃣ — INTRODUCTION

WOLVERINE :
Hello community, welcome to a special AMA session with DXBPay.

Now lets welcome our special guest from DXBPay team here to join us.

Michael Bort:
Hello

WOLVERINE :
Hy, welcome here 🤝

So let's start without making much delay!😁
Introduce yourself please. How did you get to be involved in crypto & DXBPay ?

Michael Bort:
Good afternoon to all the community, I am Michael Bort the head of PR at DXB Pay ltd, and i am very happy to be with you and this beautiful community.
I am a graduate of California State university - long beach college of business.
I have handled various roles within the media and advertising industry working with large agencies across the globe. i am loving my job at DXBPay and you will soon know why 😊

WOLVERINE :
Great ! so can you give a brief explanation about 'DXBPay' ?! What popped up in your mind to create such a platform in this space?

Michael Bort:
let me start by saying DXBPay is not a project developed by couple of developers, it much bigger than that.

DXBPay is an incorporated company in the UK, specialized in blockchain applications and payment solutions, and we wanted to be the leaders in achieving the long waited move of utilizing your crypto currency for your everyday shopping

DXBPay therefore is building a payment model that utilizes cross-chain capabilities to serve the needs of merchants, and offer a safe payment gateway that allows a wider sector of clients to shop online and pay using their crypto currency

in such, the DXBPay is building a complete eco-system that truly bridges the crypto universe with the real world

WOLVERINE :
Cool ! what are your main features that discern you from other projects and what robust advantages do you have?

Michael Bort:
the DXBPay project in itself is very innovative and is ahead of its time when compared to other crypto projects, therefore we wanted to be innovative in every step of the way, starting with our token contract all the way to the mechanism in which the rewards and burn work

for example, we reward holders with a powerful coin which is BNB simply for holding DXB without doing anything, and it is really without doing anything, you will soon see how

our rewards distribution system does is developed in such a way that your BNB rewards does not decrease if you claim it late and will never disappear even if you don’t claim, instead, it will accumulate for you as long as people transact

this is very exciting because i dont know of any other project that was able to conquer these obstacles

the smart contract also has two innovative burning mechanisms, that will guarantee the constant increase to the token price, yet they are mathematically calculated to ensure sustainability

the BNB rewards and burns are governed by its own smart contract for added security

and many other innovative features that I can take you through it in details if time allows

WOLVERINE :
Nice! can you provide an overview on how DXB Pay is being used & its benefits of hodling?

Michael Bort:
as i said, the final product of DXBPay is a payment system that will allow any ecommerce merchant to integrate it and start accepting crypto as a form of payment with no risk, even and specially if the merchant perform fast and high quantity transactions, this does not exist now because there are many factors associated with it, but our technology has resolved all such factors and made it safe to use by merchants, and as merchants use it, holders benefit because they can then utilize their tokens to pay for stuff online

this creates a whole new ecosystem that can be implemented across any category of merchants online

on the other hand DXB is the utility token that will power the DXB pay ecosystem for all future DeFi products, the DXB token is a specialized cryptocurrency with a plan to encompass multiple technologies like DeFi, merchant payment channels, incentives, and charity

the token has an intelligent contract that rewards investors in a whole new way, and a smart burning mechanisms that ensures an ever growing token price

so basically on the short term, you will be receiving BNB rewards from first day of trading and for as long as people transact
and on the mid term, the two burning mechanisms will ensure a higher token price as people transact
and on long term you will pay for your groceries and taxis and holidays using DXB token on top of all the other benefits

WOLVERINE :

Sounds great! How has the experience and background of your team been effective in the success of your project so far?

Michael Bort:
as a registered company and operational even before we started the project, we have a team of management and each is handling different department

therefore we have collaborated with top firms in the world in each space and followed our business standards
the token contract was developed by an experienced team and been tested by a third party to ensure it delivers what it promises

the marketing agency who partnered with us is one of the top 5 in the world and are doing amazing work, and with large plans that will start to take effect soon after we start trading

the operation and business development team are working on fantastic partnerships with ecommerce and other non crypto businesses who showed a great interest in joining DXBPay

we are still at an early stage and the token is not launched yet but I can happily say we are very happy with what we achieved so far

let me share a message has been circulating on our telegram channel that I personally like as it keeps updating the community with each achievement, and will show you our work so far even before launching the project

✅ Cryptopolitan magazine articles - 10 articles trending🔥
✅ First AMA - Done
✅ More AMAs targeting different languages and communities - Scheduled this week
✅ Building community - in progress
✅ BscScan Logo and social profile verified - Done
✅ Twitter, LinkedIn, Facebook, TikTok, YouTube channels
✅ Token contract audit - Done by private auditor
☑️ Market leading auditor - scheduled after listing
✅ Reddit - 6k+ upvotes🚀
✅ Coinvote - Listed 13k votes🚀
✅ CoinHunters - Listed 60k Votes🚀🚀
✅ Gemfinder - Listed
✅ CoinHunt - Listed
✅ CoinSniper - Listed
☑️ BscScan Ads - coming soon
✅ Whitelist contests - Running🔥
✅ Bitcoin Talk bounty - Done🔥
☑️ CMC & CG - after listing
☑️ Social media influencers - coming
☑️ Trust wallet logo - after listing
☑️ More in-house giveaways - Coming
☑️ BNB rewards - once start trading😍
☑️ Charities - Coming after trading

MUCH MORE MARKETING ACTIVITIES ARE COMING

WOLVERINE :
Impressive 💪can you share more details about the DXB Pay Tokenomics ?! is there any particular vesting schedule if so can you share more about it?

Michael Bort:
DXB Token has a total supply of 500 trillion, a considerably large supply, however with the strategic burn mechanisms and rewards system it makes sense, and you can understand why its needed, beside the contract does not have a minting function

each transaction applies a fee of 7%, where 2% is sent back to the locked liquidity pool to ensure a stable price floor

2.5% is burned for ever

the last 2.5% is exchanged into BNB and distributed to holders proportionate to their holdings without them doing anything

out of the total supply:
125 Trillion is locked for cycle burn, and its only job is to burn what is equivalent to 5% of all sold tokens every 30 days, this should add a pump to the token price on monthly basis, and it is governed by its own smart contract for added security

6% is the team wallet locked

and 14% is allocated for Sale and airdrop and campaigns

in terms of our launch dates, we currently have a whitelist contest going on, where participants perform some fun tasks and collect points, those with the highest points score are selected for whitelist

our whitelist contest finishes on 30th September, and soon after we will run our sale, and immediately after we will be trading on pancakeswap, so in short words you should expect to see us on pancakeswap before 7th October 2021, all dates and announcements are made on our growing telegram channel

for those interested in participating in our whitelist, here is a message from our telegram channel:

WOLVERINE :
great! So how long did it take to develop this project? What plans do you have for the future? And what can we expect from DXB Pay? If possible could you please share road map with us?

Michael Bort:
we have been working on DXBPay project for over a year now, and the token contract has been in development and testing on testnet and mainnet for well over 8 months, we wanted to ensure its secure and ready to be deployed

as a well organized company we have a very clear roadmap that all departments are committing to it, you can find it on our website, here is a link:

we are in our first phase, and focusing on our whitelist contest, launching the token safely, and continuously building our community

on other hand, our partnerships with non crypto projects has started while ago and is ongoing, in fact we were surprised to see interest from gold trading businesses and banking and financial institues, and we are considering all as long as it serves the holders of DXBPay

Michael Bort:
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More details on the white list campaign can be viewed on our website dxbpay.cc or by visiting our telegram channel.

Michael Bort:
https://dxbpay.cc/global/roadmap/

SEGMENT 2️⃣ — Twitter Q & A

WOLVERINE :
@traderkid531

Its is very interesting that in Dxb pay, No need to farm, stake, or deposit. Simply hold your tokens in your wallet and get more value in BNB. Obviously very simple method to earn rewards! But isnt it really a ponzi scheme? What if new investers stopped to invest in Dxb? Is there any revenue generating plans?

Michael Bort:
i like the direct and honesty in this question

DXB is a utility token, and the utility of it is very clear and has an application being buit for that purpose only, however in such competitive environment, it is no longer enough to promise a long term rewards, i think we needed to step up and reward investors in every step of the way

therefore we started with large supply, and set strategic burning and rewarding systems to reduce it while rewarding those who are early adopters and believers in the project, the real revenue generation is when DXBPay is deployed with ecommerce merchants, we have a clear and profitable system in place.

WOLVERINE :
@johndaleden

DXB Token’s contract follows an intelligent two burning mechanisms and rewards system spread across two stages. Can u give me some insight regarding the burning mechanism? And what are those two stages?

Michael Bort:
so as i mentioned earlier, 2.5% of every transaction is burned, in addition we have the cycle burn

cycle burn is a wallet set aside with 125 trillion and is locked and has its own smart contract that calculates and equivalent to 5% of all sold tokens within a period of 30 days and burn it forever,

why this is exciting?

because we expect a large burn on monthly basis until cycle burn finishes, and since these tokens are kept in a locked wallet, it does not impact the investors holdings at all, it simply reduces the circulating supply every month in addition to the 2.5% of every transaction

finally, 2.5% is exchanged into BNB and rewarded to holders, this also has its own smart contract and is fully automated,

WOLVERINE :
@sumeshsumx

I heard that the private sale is on going. Actually iam a private sale guy who get in before the launch and took a bunch of x and getting out. From my perspective, dont you think that the private sale investors can destroy your coins price buy getting out early? What is ur solution?

Michael Bort:
not really? private sale has 2 main reasons

first is to attract attention to DXB, as you can see most of the actions required to join the whitelist are social media follow, and as a reward you collect points that gets you into provate sale

and second is really to reward those who actually belive in the project and took the time and effort to be in the whitelist,

however whitelisted wallets will be given priority, but if any tokens left it will be open for public, so stay tuned and follow it even if you are not whitelisted

i dont think they can affect the price because DXB token contract first does not permit you to bur more than 4 BNB, and once traded on pancake swap it does not permit the purchase of more than 1% of the liquidity, so no whales forming here

besides, why would you sell early? dont you want your BNB rewards? i would not sell if i was you

WOLVERINE :
@mastercryptoo

As the name says, is there any connection between DXB pay and Dubai? I wondered about this at the first place when see this platform. But lately by my research i couldnt really find anything regarding this. So can you tell me how this name came from?

Michael Bort:
not really, we have nothing related to Dubai at all, DXB is shortcuts to some of the technology we are using

however 2 of the shareholders did meet at Dubai airport when they were attending a blockchain summit, but it is not related at all, just nice coincidence

WOLVERINE :
@0xpopeye

How does DXB Pay handle government regulations and boundaries? And What mechanisms / strategies do you use to keep users motivated and present on your platform? What can the DXB Pay platform guarantee or promise in terms of the security and privacy of its users?

Michael Bort:
obviously DXBPay can be implemented in territories where government regulations permit, however we believe these territories are slowly growing and governments are realizing the importance of crypto in our life, for that we have a strategy and a plan on where to start and how to move about it

in regards to privacy and security of holders, think about it this way, when you book a hotel or an airline ticket, no matter how you pay, you still need to give your ID in order to process your booking, so not everything in crypto should be anonymous, most of our early collaborations are with reputable and large chain of ecommerce services, this alone is attractive enough, in addition to other applications that will be revealed in time

SEGMENT 3⃣ — Live Q & A

Sam Snowing:
Will you limit your services within the New York area, where your company is based, or do you plan to go global and venture oversees exposure and tackle the global market?

Michael Bort:
we are based in UK, however crypto does not have nationality or a region specified to it, it is global and DXBPay is global project, you will see however a collaborations with different businesses around the world who have their chain in various parts of the world

Shaheen Afridi:
What is the most ambitious goals of the project now in the future and Can you explain how is your Tokenomics Distribution?

Michael Bort:
our ambitious goal is to have DXBPay implemented everywhere, from small grocery to large hotel chains, it is ambitious but it is our goal and we are working towards it. our tokenomics were answered in previous question, kindly refer to it or visit dxbpay.cc for details or join @dxbpay

He മല്ലു:
•Where can I buy it?
•also all the links to all your social media platforms if possible?

Michael Bort:
you will be able to freely buy it once on pancakeswap before 7th october, however you can be smart and enter our whitelist and get it at a much discounted price, also, for those who participate in our sale and buy for more than 1BNB, they will enter a draw to win 6 BNB in total, 3 for first winner, 2 for second, and 1 for third, so its really worth it. social media platform links will be shared at the end of this

Dani Alves ✅️ മല്ലു:
Hello ma'am / sir

As an investor i have an some doubts..!How safe is Yours platform? Tell us a little bit about Security? Have you done an AUDIT of the Platform? Are the Smart Contracts Error free? What're the test result? And please share your social media links

Michael Bort:
actually as innovative is our project we mainly pride ourselves for its security, the contract has gone intensive testing, on both test net and mainnet, and it was one of the reasons we have taken a long time to deploy it, we had it audited by a private auditor prior to deployment, and we have a market leader audit scheduled soon after listing, because a poorly developed smart contract is doomed to fail soon or later, so we made sure ours is solid, it is fully automated, rewards and cycle burn and fees and everything is fully automated, so no worries there. social media links will be shared after this

𝙂𝙖𝙢𝙚𝙗𝙪𝙤𝙮 😈:
Charity of DXBPay aims to build 101 schools around the world, So in which all locations are you planning to build those schools? Any charity collection event going on & How can I contribute to it?

Michael Bort:
indeed, we even put a plan on the regions we intend to build in, we have a sustainable method to keep the school running long after we build it, so each school is considered a complete eco system, however community will have a large say on where we build the next school, we have a team who handles charity actions and excusion, and hopefully you will soon see the first school built by DXBPay

— AMA CONCLUDED —

Follow DXBpay here for the Latest Updates…💎

Telegram : https://t.me/DXBPay

Twitter : https://twitter.com/DxbPayhttps://twitter.com/DxbPay

Linkedin : https://www.linkedin.com/company/dxbpay/https://www.linkedin.com/company/dxbpay/

Tiktok : https://www.tiktok.com/@dxbpay

Facebook : https://www.facebook.com/DXBPay-104010111894944

Youtube : https://www.youtube.com/channel/UCvRIYjlHDFm-SPpkpfDRxmQhttps://www.youtube.com/channel/UCvRIYjlHDFm-SPpkpfDRxmQ