EOSex AMA with Sean King and the EOSex Community on Telegram Last Nov. 4
(note, some sentences have been modified to correct grammatical errors for clarity)
Introduction (EOSex Team): Ask any question and DM (direct message) your account from EOSex, to me. We’ll begin with the self intro.
(Sean, CEO of EOSex) For those who don't know me well. I'm Canadian, but been based in Asia for nearly 25 years, and i can speak and read Mandarin Chinese now. My background is mainly in hedge funds, and law. Futures and options trader for many years. I’m very active in the start-up community in Taiwan, organizing small business events, pitch competitions, and working with the government to build accelerators. But for the last few years, the whole start up community now is in blockchain.
What's your focus in Taiwan legislature or Taiwan Congress and How does a semi-decentralized tag in the name helps?
(Sean) Ah, yes. So, for the past nearly 2 years I've been working with Taiwan congress to build Taiwan's crypto and blockchain laws and regulations, and we formed a blockchain SRO (self-regulatory organization) and wrote the rules that all crypto exchanges need to follow. Next week we will be having meetings working on AML and taxation for crypto.
Is there a conflict of interest to work as a CEO for an cryptocurrency exchange and a special consultant for the Taiwan legislature or Taiwan Congress?
(Sean) Lots of exciting things happening in Taiwan. In the next couple of months I will be helping Taiwan congress to set up blockchain accelerators here in Taiwan. So, of course, EOSex will get a front seat for all of these changes and opportunities!
When will EOSex there will be listed on Coinmarketcap?
(Sean) We are currently in direct talks with CMC to have EOSex listed. As you can guess, they are very strict about new listings, but we already have direct contact with them and are in the process of getting listed right now.
Why did you guys choose EOS?
(Sean) Yes, if you look at the daily transaction volume of EOS compared to ETH, it's really no contest. Plus, users of ETH need to pay gas which basically penalizes people from using it and discourages it. Plus, you saw what happened with Crypto Kitties, right? it nearly broke Ethereum! That won't happen with EOS.
What is the current daily profit?
(Sean) Within the next few weeks, we will be publishing all daily exchange stats to the public, including daily trading volumes, number of EXP tokens distributed or burned, etc. So, soon it will all be posted in a transparent manner.
That’s what we are trying to do with EOSex, is to make an exchange that is transparent and that everyone who holds EXP can feel they are a member of.
User Question: How much total supply exp?
(User response): 10 billion (accurate for the ICO Sale)
What are the criteria for been selected as a user to participate in trade mining? 2) Isn’t that the project is giving to much privilege to founding investors? Like trading fee waiver, nomination of user for trade mining and 30 percent bonus 3) Which all exchanges are in talks to provide liquidity in the liquid box initiative.
(Sean) Currently, we only accept EOS or ETH projects, though of course we favor EOS projects, naturally. Every 15 days, we will have a new batch of potential candidates for listing and we will open up deposits. The top5 projects in terms or deposits, will get automatic listing. So, projects that want to get listed, simply need to motivate their community to deposit on EOSex and then we reward that with listing.
The name EOSex is remarkable. Have you received any negative reviews?
(Sean) Well, the name EOSex is perfect because it lets people know right away we are EOS-based....PLUS, it's a name you won't easily forget, right?
Could you please simply explain the dividend system of EXP?
(Sean) The dividend system. Basically, EOSex will share 70% of daily profits to all EXP token holders. All profits from the previous day will be calculated together at 8pm HK time, and then all profits will be distributed to users in equivalent EOS. Plus 30% of daily profits will be used to buy back EXP tokens from the market and send them to a dead address. So, the tokens will be taken out of circulation, thereby raising the value of EXP tokens.
70%? What does the team earn based on the current trading volume?
(Sean) The team members themselves also have platform coins, so those who generally hold platform coins make money and our team makes money. (Translation)
What is the standard for EOSex to list a token?
Can tell you what we are the situation of the undergoing projects?
What's the future plan of EOSex?
How EOSex could secure the account safety of users?
(Sean) Fund safety is a good question. We hold over 90% of exchange fund in cold wallet at all times to ensure fund security.
(Sean) Sorry if we didn’t get to all the questions. A lot of the things asked you can find in the white paper, which can be found here: https://eosex.com/files/whitepaper_en.pdf. I invite you guys to take a quick look. Let me just end by talking about our future plans, which should address a few of the last questions at once.
(Sean) EOSex plans to be a one-stop shop for digital trading. so, of course, trading cryptos is important. But, soon, we will be offering CFDs and other derivative listings. Leverage of up to 100x will be available. Plus, we have many exciting DApp tokens either listed now soon to be listed. Plus, I'm working closely with congress in Taiwan to make sure that EOSex is fully compliant with all regulations and fully legal and compliant exchange. For those of you who don’t know, many of the other large exchanges also have operational centers in Taiwan (like Binance and Bitfinex). Many exchanges are registered in Malta or Hong Kong or Wherever but have their operations in Taiwan. EOSex is currently registered in Hong Kong but our operations are spread out around the world in multiple teams but, once regulations are firmed up in Taiwan (which I'm currently working with Taiwan congress on), we can focus our operations in Taiwan!
You’re welcome to visit Taiwan to visit us some day!
Is it possible to publicly list the exchanges in liquid box product of yours?
(Sean) Yes, but it is counted in Lambos, so hard to put into dollar figures! Hahaha. Ok guys, I guess we need to wrap it up for now. If you still have any questions, we still have admins in this group who can probably answer and questions you still have.
Thanks a lot for all of your support. EOSex really is a community-based exchange! So, we value everyone's input. We all contribute and all get rich together! – Sean King
