AMA Recap: CRYPTO MINERS X VXXL

VXXL provides liquidity services to over 3100 cryptocurrencies and is ranked as one of the most active actors of DeFi sector. VXXL average liquidity pool is above 10 million USD worth and its business model is to maintain leading role among crypto liquidity providers for promising projects via its liquidity protocol and decentralized investment platform operating on DAO principles and governed by token of a friendly crypto.

We hosted an AMA session with VXXL on 14th July.

Mr. Ramsy was the host from Crypto Miners and Mr. Ra Vi was the guest. He shared delightful knowledge and unique features of VXXL.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to the Crypto Miners AMA session With VXXL

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Ra Vi

Ra V.i:
hey

happy to be here with You

thank for invitation guys !

Ramsy | Crypto Miners:
Hey there 👋

Welcome here Mate
Thanks for bringing Us VXXL ❤️

Ra V.i:
🔥

Ramsy | Crypto Miners:
How are you doing today?

Ra V.i:
cool cool hope to have great AMA session right now ))

Ramsy | Crypto Miners:
So without wasting any time,let’s get started….

First of all Please give us a brief explanation about ‘VXXL’ .What popped up in your mind to create such a platform in this Space?

Ra V.i:
actually we were forced to ahahaha

You know it happened that me and some guys were holding one small coin which suffered 51% attack and we lost money

what could we do ? we decided to make something that such thing can never happens again

that’s how VXXL founding community appeared

one after another here and there

we were discussing and coding

and finally we presented our work and exchanges like it very much

actually VXXL is a truly decentralized, community driven and fastest transactional PoW coin that can serve as a good alternative to the current industry standards. Relevant approach makes VXXL a far more practical alternative to both other altcoins and {especially} to fiat currencies, used in particular across corporate payments sector.

VXXL is a peer-to-peer web 3.0 currency that allows instant (7 seconds per block), nearly free payments to anyone, anywhere in the world.

Unlike any other fast transactional coin which either operate on PoS protocols (TRC, ETH, XLM etc.) or completely centralized (like XRP), VXXL is a global payment network that is fully decentralized and has no central authorities. So far no one can counterfeit transactions, change the emission size or seize funds injecting double-spending. While decentralization turns the maintenance of coin’s independence to a real challenge for the community, VXXL hybrid PoW+PoS protocol makes it impossible to lose money with VXXL.

As mentioned , in order to avoid major problem which all PoW coins face, we implemented unique functionality of hybrid PoW+PoS protocol.

How it works: VXXL still remains completely decentralized PoW coin with a maximum mining reward of 1500 VXXL per block, though we eliminated halving principle and instead of that, the amount of mining reward is related to network’s difficulty. Lowest reward is 300 VXXL. Fluctuations between lowest and highest rewards is what we call “difficulty waves”. i will explain later why we implemented this principle and what it means for financial system in the 21st century.

At the same time, while VXXL allows mining, it architecture makes interception of mining hashpower impossible, because additional layer of PoS verifies all PoW transactions via nodes/wallets holding coins for more than 10 days but not more than 900 days to avoid concentration of power in OG hands.

That’s a brief on what VXXL is but we will find out more soon after next questions !

Ramsy | Crypto Miners:
Thanks Man For this great start about VXXL 👍

Now let’s see our second question from this segment

Ra V.i:
🤝

Ramsy | Crypto Miners:
Q2) So what are your main features and advantages that discern you from other Projects?

Ra V.i:
we make a stress on several technologies based on VXXL protocol >>

* PoW+PoS hybrid chain

* VXW no-KYC wallet

* DeFi gateways and APIs (including wrap bridges)

* Lending Protocol

* fiat-crypto-fiat solutions which we will implement in second release of VXW walle

Our main distinction is that we are building new approach for management of the financial system, our principle of decentralized emission on the basis of difficulty waves will revolutionize approach to cash volume management

there were several stages in the development of Crypto >>

the Bitcoin

the ICOs

the Protocols (Ethereum first of all of course)

the NFT-fication

now is era of the Merge

what is the Merge You could ask >> the Merge is when crypto economy and traditional economy are becoming one & this one cannot exist with current approach to money mass management via centralized emission centers

it requies new principles , new solutions

that’s why we made VXXL so it becomes the blueprint and the solution and we will move it beyond so-called “traditional” crypto segment, in order to make crypto not just a segment, but a pillar of modern financial system

Ramsy | Crypto Miners:
Cool 🥂

Moving on…

Q3) How has the experience and background of your team been effective in the success of your project so far?

Ra V.i:
Of course experience of our team matters a lot.

as You can see VXXL is not just a “project” built on top of some other protocol, it is an independent blockchain to make which is already much bigger challenge than just coding simple smart-contract to issue a something20 token )))

but besides making own chain, we made it operating on a complex hybrid protocol, which makes double-verification of transactions on both PoW & PoS principles and implements what we call “difficulty waves”…

i assure You that such technology could only be developed by extremely professional team… To say in short, our developers are early adopters of bitcoin, crypto-note and other prominent technologies, active members of crypto-developers communities.

and You know, complex technology of VXXL own blockchain provides us acknowledgement from the developers of partner exchanges, they see same moment that we are pro-team , which can deliver what we declare and that makes them confident in cooperation with us..

that’s why we will conduct something what we call as SDO >> Secondary Decentralized Offering which is simultaneous opening of trading across several centralized exchanges (same day, same time) >> that gonna be huge, please believe me >>

just follow our announcements in t.me/vxxlmain

Ramsy | Crypto Miners:
4) Now Share us about your Native token, What are the some of utlities of $VXXL Token in Your Ecosystem? And if possible share to us the Tokenomics

Ra V.i:
i like Tokenomics questions.

But for VXXL it is brief, like any other PoW coin it is mined. But not like any other PoW coin it’s emission is LIMITED !

and it always is the core of coin’s scarcity !

That’s why only 84 billion VXXL (actually exact number is 84'412'531'699) will be mined during next approximately 30 years )))

So now is the time to explain a bit VXXL mining algo >> now the block on average raises 300~700 coins, while sometimes block reward can grow to 1000 VXXL or more.

People who were mining other PoW coins could be surprised as usually block reward is same all the time until halving.

But VXXL maintains truly decentralized emission,

meaning literally anyone can participate in coins production and unlike more mature {but a bit outdated coins} our mining supply is not defined,

it depends on difficulty, so the more people mine, the more coins are produced that is how we regulate the emission, if the economy needs more coins >> just plug in and mine it !

in Bitcoin for example whole mining is pre-programmed & the supply can only be redistributed among miners {hash rate and difficulty grows but the amount of mined coins will remain the same} while VXXL network will produce MORE coins if MORE miners participate !!

of course there is a complex algorithm inside and it’s not directly proportional, but i am just explaining the principle and this principle is extremely important to understand for EVERYONE in our age of changes, when traditional centralized financial system is being replaced with algorithmic decentralized emission centers.

VXXL is the next step in the evolution of money, that’s why we are confident in its future and that’s why everyone WILL use VXXL meanwhile.

Ramsy | Crypto Miners:
Let’s move to our last question from this segment

Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from VXXL If possible could you please share road map with us.

Ra V.i:
Well, we decided to start second half of May this year, seems already on June 3 we had our mainnet up and running

on June 29 VXXL was ultra-successfully listed at https://XT.com

just look, during 2 weeks our investors already experienced +1200% (x12 to trading opening price) and now the price stabilized at +580% to opening price (+650% to listing day low)

that inspired us a lot

and we agreed with several more exchanges to have a first of its kind SDO

Secondary Decentralized Offering (i can repeat it from time to time as far as people not get used to the term yet)

soon simultaneous trading at several big exchanges will make our investors even more happy on our road to parity with USD )))

actually our roadmap is live at our website https://VXXL.org

but let me briefly post it herein also >> tonight we open for download from our website VXW 0.11.7.0 (VXXL Wallet version 0.11.7.0), our desktop wallet

>> this month VXW 1.0.3 Android App will become downloadable from our website and VXW 1.0.3 App will appear in AppStore and PlayMarket next month (due to regular check procedures)

>> by August we will open wrap bridges VXXL to xVXXL (erc20 + bep20) and after that same moment we will start work over VXW 2.0 which will integrate our Lending Protocol and fiat-crypto-fiat solutions

Ramsy | Crypto Miners:
Thanks Mate for this well detailed introduction about VXXL:)

And that’s the wrap up of our the first part of the AMA session ✅

Ra V.i:
yes sure thanks

ready for my favourite LIVE session

Ramsy | Crypto Miners:
lets go then,

Segment 2️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Rainy:
I read from your website that “ To get early access to VXW wallets and become BETA tester, pls apply via Telegram”. Can you tell us what are the qualifications to apply? What requirements do we have to use? And who is the right person to contact on Telegram?

Ra V.i:
wow first winner is here >>

congrats Rainy, good and very rare question >> i am the right person and You know the procedure is not that pleasant as a tester needs to be doxxed, so we gather basic information for our internal KYC and then provide access

in any case small room for beta-testers remained as far as i mentioned we opening VXW desktop wallet download for all and will do same end of next week for VXW Android App

but for sure we will rely on our community for beta-testing of all upcoming deliveries from our development team

2) TommY:
How will VXXL counteract the capital outflow effect in the shortTerm ?

Any plan to control the whales activity ?

Ra V.i:
also rare question regarding market making and capital management

so let me please award TommY for this (!)

TommY, no one ever in crypto can handle whales activity, when we speak of “control” it can relate to kind of common understanding of the future and common trust in the project, trust in continuation of coin’s inflationary cycle and of course common values.

many times i mentioned VXXL is a comunity-driven project, i am repeating this because in any case the community is always bigger than biggest singleton and strong community will assure everyone there are no whales that can affect our plans to build truly decentralized and most innovative solution for management of monetary base of modern financial system

3) Dary:
You say that VXXL is the newest transactional currency, so can you detail how the transactional currency works in your ecosystem? What does VXXL provide to users in terms of security and convenience of cryptocurrencies and Reduce volatility and risk?

Can you explain what the next Loan Protocol is about, which will completely REVOLUTIONIZE the way VXXL loans are issued and serviced? What will it offer investors and how can they participate?

Ra V.i:
And here is third winner, congrats Dary !

your have 2 questions in one, so let me explain second one first >>

* Our Lending Protocol will be focused on retail market // It will offer to investors extremely interesting Yield // While only way to participate in it will be purchasing VXXL and locating in respective liquidity pool. Please follow our announcements to know more soon !

* and first question regarding transactional nature of VXXL >> transactional currency isn’t obligatory a stablecoin, though stablecoin is obliatory a transactional currency

transactional currencies are those which are fast and cheap >> nowadays other fast transactional coins either operate on PoS protocols (TRC, ETH, XLM etc.) or completely centralized (like XRP),

so VXXL created a global payment network based on PoW protocol (just like old good Bitcon-father) and our network is fully decentralized and has no central authorities, while all coins mentioned above are centralized in this or that way…

that’s why huge real-sector corporations will always be choosing PoW algorithm for transactional solutions which only VXXL can deliver currently

4) Chigaza:
Going through your website, I saw in your road map that stable protocol will be launched, my question is how do you intend to integrate the stable coin to work effectively..

Ra V.i:
here is our 4th winner Ghigaza,

i can’t pass his question regarding stablecoins >>

You see, stablecoins are interconnection between 2 financial worlds, crypto economy emerged because to Tether and it happened so successul idea that stablecoins will always exist in this crypto-world

but if the one look into stablecoin architecture, it will become obvious that stablecoins don’t have a separate blockchain infrastructure & all utilize third-party blockchains

even those who claim they have their own open-source software like Circle (which is just erc20 token actually)

that’s why we decided to provide to all stablecoins ability to utlize velocity and security of VXXL protocol and that is what will be done soon

5) Ruthie:
During the AMA I noticed that the term “DIFFICULTY WAVES” was mentioned alot, please can you elaborate on this? What does it mean with regards to your token mining?

Ra V.i:
our fifth winner for today and last for this AMA with Crypto Miners is Ruthie ! congrats Ruthie !

though this is not last winner in general as we are having 3 more AMAs tomorrow !!!

go check pinned posts in VXXL main and those whose questions aren’t repetitive will get their answers tomorrow

and here is my reply to Ruthie >>

as mentioned VXXL mining reward is unstable, it varies from 300 to 1500 VXXL per block (and as You remember VXXL mines block each 7 seconds on average)

but how does the system decides on the size of reward ? actually VXXL has a complex structure that changes difficulty depending on amount of miners participating at given moment of time

so the more miners >> higher difficulty >> higher reward

that’s in brief and all for today

hope to see You all tomorrow in our upcoming AMA sessions

*This segment ends here*

Ramsy | Crypto Miners:
Thankyou so much For your valuable answers and information about VXXL,
It Was Pleasure Hosting An Ama With You

Ra V.i:
it’s great to finalize AMA in Crypto Miners with a question regarding VXXL mining and such serious term as difficulty waves

thanks again and SEE YOU AGAIN SOON !

Ramsy | Crypto Miners:
We Wish all the very best for Project VXXL And The Entire team behind the project❤️🤝

Community, if you would like to learn more about VXXL , here are some useful links for you:

Website: http://vxxl.org/
Twitter: http://Twitter.com/biz_vxxl
Telegram: http://t.me/vxxlmain
Medium: Biz1 VXXL