Topic: [ANN] [OXYCOIN] THE EASIEST WAY TO BUY CRYPTOCURRENCIES WITH FIAT - page 89. (Read 41044 times)

Hey ghostfaceuk, don't be sorry! It's all well and truly okay. Thank you to yourself and the devs for getting back to me. I'm happy with the answers thus far. While I had my own version of how the OxyCoin can gain value, i just wanted to see for myself what the Oxy team has in mind with their vision. Will be monitoring this very closely Sept-Oct 

I have answers to a few questions which I will place here

1.) Will you be adding more coins to OXY such as ZEC?Monero?

We will try to get the top20 coins in and people will have the option to put in a coin request through the app

2.) OxyCoin is a great name - any back story ?

No back story. With 4 team members, we were looking for strong, short names for over 4 weeks. After seeing us all frustrated, Jan’s wife said: “Why not use names with an X in the middle? That will show confidence and balance.

3.) Are you using a platform like waves, eth, Komodo or is it your own chain?  (This one I gathered it's your own chain that uses  a delegated proof of stake, but I will need to update by reading the newest white paper)

Our own chain as we believe dPOS with it’s top notch voting system is far more efficient than a coin you have to mine (POW).

4.) I see your teams focal points are pointing at the fiat-to-crypto ease of transacting.  How is it the easiest way to exchange fiat for crypto as claimed ?

You only need our mobile application be to able to buy any of the supported coins within seconds and have all the information you need available to make an informed decision on what coin to buy.

5.) If your chain will be independent of any other, will it support side chains, for other products similar to Komodo, NEO, Eth

Our chain serves one purpose (for now) and that’s storing the usernames and their connected wallets to be used by our mobile application. Side chains are possible and might come in handy for future features, but let’s focus on one thing at a time and do that right.

6.) If that is a yes are side chains going to rely on main chain, or will they continue unaffected  by events in main chain?  (Example -if main blockchain suffers attack will it affect the rest of the chain(s) that came after the fact ?)

We have a lot of extra ideas which will help the cryptocurrency community grow, like our Enhanced Mobile SDK which you can read all about in our White Paper. Instead of focussing on the crypto community as is, we’d like to see the community grow by enabling more developers and investors with our mobile app and SDK.

Hi Reija,

I apologise for the delay in getting answers to your questions but as you can imagine the devs are busy in the run up to the ICO launch on 1st September.

however I can now pass on their replies to your questions


Q1: What gives the OxyCoin token value over time? I understand the use case for OxyCoin is real but aren't people going to be buying cryptocurrencies directly with Fiat. What am i missing here. Genuine question

1. We want people to only need our Oxy App. Buy, send and receive any of the supported cryptocurrencies and read all the important information there is about the coins and their plans from respectable sources. OXY itself is needed for registering your username (as every blockchain transaction needs some coins to secure the network), it will be used to invest in future projects like our Enhanced Mobile SDK - which will enable developers without blockchain knowledge to easily build a DAPP that can work with mobile applications and therefore let our community grow even more - and other options we will discuss with the Early Investors as they will be part of the decision-making at Oxycoin.

Q2: How come an escrow agent isn't being used? What are the reasons for this. Thanks

2. When a new coin - without any information about the founders - sets up an ICO, I too think its wise to have an escrow in place but we’re very transparent in who we are, where we live and what we are going to do for the crypto community. We have a good reputation in several coins and that’s not only for being around a long time. When we look at the already raised funds, I think we’re trustworthy enough already. If not, we can always ask Mike from Ark (one of the Co-Founders) to be our escrow. He already offered to help with this if it is required.

Q3: (Last question). This question might be a bit advanced, but when will the PR/Marketing campaign start approx? Q2/Q3 2018?

3. The world is ready for an app like ours. The marketing team will start their marketing strategy when the ICO ends and we have collected enough funds to start our project. When the first version of our app is finished, we will try to get as many top coins available in our mobile app as possible, have the contracts ready with third-parties and be sure our legal position is covered. Most of the Marketing work will happen at the same time
as we prepare for the big launch. No date is set yet, let’s take it one step at a time. First the ICO, then the version 1 app.

Seems to me there are many BTT community supporting this project. sounds very good let us see this project future and progress.

Bounties are currently being worked on by the devs.  Once information is available it will be posted.

Did anyone has any info regarding the bounties that are available to join at the moment?
I still can't find any info about it.

Gut feeling. have to wait and see when ico ends how many of these tokens have been used. gl

Can I ask why its a red flag to accept those tokens?

Red flag for accepting rise and ark for the ico.

goodluck!

Hi Reija,

I have passed your questions across to the devs and as soon as I get the reply I will post them for you

Guys, come on you have a potential investor here with simple questions requiring some answers. Why does another guy who posted days after me get his answer first? Would appreciate some attentiveness. Thanks

Hi Sterben,

Thank you for your message, the bounties are being finalised currently, once they are ready we will announce here, Oxy slack, twitter and telegram

If you have any more questions you can join us in Oxy Slack:

https://join.slack.com/t/oxycoin/shared_invite/MTc5OTYzMDM2MjU4LTE0OTQyMDU0NzMtYWE2OGI2NzI1Ng

Many Thanks

jamiec79

Bounty available?

Hi puremage111,

The whitepaper details the coins that can be purchased with Fiat.

As the first version of OXYCOIN® mobile app is launched, there will be a primary set of supported cryptocurrencies that our users will be able to purchase and trade through our platform. More of them will be added in the future as we complete our development goals and receive feedback from our supportive community.

The first set of supported cryptocurrencies will be the following:

Bitcoin (BTC), Bitcoin Cash (BCC), Ethereum (ETH), ARK (ARK), SHIFT (SHIFT), RISE (RISE), LISK (LSK), and of course OXY

Please find attached a link to the full whitepaper 

If you have any more questions you can ask here or join us at Oxy slack:

https://join.slack.com/t/oxycoin/shared_invite/MTc5OTYzMDM2MjU4LTE0OTQyMDU0NzMtYWE2OGI2NzI1Ng

Thanks again

jamiec79

Just one question here

Concept is good

For the OXY wallet application

It is only used in buying OXYcoin with Fiat right? No others coins available right?

Can we sell OXYcoin for Fiat?

HI everyone,

A quick update from the  team,

To show you some progress while the ICO is about to start, here are two GIF files showing our current development on the mobile apps. The UI will look much different of course, it’s about the functionalities. We are very pleased to announce that both the Android and iOS app have Offline Signing, so passphrases are NEVER sent to the server!
iOS: https://oxycoin.io/progress/Oxycoin-iPhone-Aug20.gif 
Android: https://oxycoin.io/progress/Oxycoin-Android-Aug20.gif

@ Oxycoin Team

A few questions.

Q1: What gives the OxyCoin token value over time? I understand the use case for OxyCoin is real but aren't people going to be buying cryptocurrencies directly with Fiat. What am i missing here. Genuine question

Q2: How come an escrow agent isn't being used? What are the reasons for this. Thanks

Q3: (Last question). This question might be a bit advanced, but when will the PR/Marketing campaign start approx? Q2/Q3 2018?

Looking forward to your answers. Cheers

Hi dlouulmusthofa,

Sure thing we can explain, Oxycoin is a new coin that aims on having different ways of payment processing that can ease how people buy and sell cryptocurrencies these days using fiat , Adding up to that , we're going to have a central informational hub that will contain crypto-media news that might help the users make informed decisions on what to buy and what not to buy

You can read more information about us and our plans from : WhitePaper

Regards,
Mody1996

Hi Bulala,

You'll have an easy way to buy the crypto you'd like to buy however regarding the payment processors that we'll be using that's an information i cant disclose right now.

Regards,
Mody1996

We should keep bumping this thread up Pretty nice concept overall just need to polished everything and then this will be ready in conquering the industry of buying Crypto with fiat easily.