Topic: [ANN][CEX] Catena X (Catenax.org) | Bridging Blockchains! - page 8. (Read 3325 times)

Hello AvalonCrypto, thank you for the great questions. We currently have a plan on bridging at least a handful of blockchains, but may (and probably will) expand the plan in the future.

There are two core developers, Luuk and Joud. We also have a support developer, Pablo (Dev3 on Telegram). In terms of Joud being involved in other projects, there is no conflict in interest present - neither in terms of effort contributed to the Catena X project or working for competitive projects. Our team will grow in the near future. In any case, as you may have noticed, we did not launch an ICO.

Hello everyone, we would like to announce that we will be giving away $200 of $CEX to 5 lucky winners on November 22nd. Requirements to enter: hold 50 CEX in your wallet until November 21st.

Hello guys. The project looks interesting, but the answers regarding the maximum amount of tokens seem imprecise, as if even you didn't know what exactly will be in the future.

Another point I noticed was in relation to the team presented on the website. There are three people just related, being only one developer.

I searched about the developer on google and on his Linkedin page several works are listed, but apparently none on the Blockchain. What is the dev team's experience with blockchain and smart contracts?

Another point is that this dev is CTO of a music website (Noisesharks). How do you intend to deliver the project within the planned timeframe if the main developer of the team is working on another project?

These questions seem important to me to understand if this project will be successful or if it is just an ICO to enrich its founders.

Airdrop #2 has ended. Please be on the lookout for upcoming community incentive events. Joining us on Telegram is the best way to stay updated.

Admin, i want to participate in Catena X airdrop and I want to get my first CEX Token, but where is the link to participate the airdrop? we need more information, thanks

Please note: Airdrop #2 distribution is currently ongoing.

We understanding this has been a challenge with community members, therefore, we are steadily increasing liquidity on PCS. Please be on the lookout for additional updates soon.


Yes, there will be another airdrop. Please be on the lookout for additional updates soon. Joining our Telegram channel (which we assume you already did since you've participated in airdrop #2) is the best way of finding upcoming community incentive events.
 

Hello, great question! I will relay to you the same answer we posted in the Telegram group: Your high level understanding is correct, but only if the number of tokens available in the market increases without increasing the value (number x price) of coins backing the token as well (dilution). However, whenever we launch on a new blockchain, the new additional liquidity provided will ensure that the price of $cex tokens is matched and maintained. From there on, $cex value is dictated via free market mechanisms and this is not something we can interfere in (we cannot control the price). Furthermore, token price is not the primary driver behind this project, the goal is delivering a functioning cross-chain bridge. In any case, there are several tokens which have demonstrated that dilution of tokens is not detrimental to value/price.

I'm still confused, if the total token is 63 million, and for each blockchain there will be 63 million tokens, if there are 10 blockchains, then the total tokens on all blockchains is 630 million, this will certainly reduce the value of CEX tokens. Please explain in detail.

I participated in airdrop2, will we have another airdrop? I believe this project has a lot of potential, I will follow the updates.

Any chance to know when is the soonest does Liquidity Pool Farm will be available? It might increase the current Liquidity Pool balance due to rewards. It's hard to buy bulk on PCS because it gives a huge price impact whenever I order 5BNB and above. I hope that there will be LP farm as soon as possible to have more liquidity available coming from token holders.

We will be building our own bridge. We have several blockchains in consideration to implement in early Q2 2022 after our current roadmap.

I think the answer to your question about the bridge inquiry is already posted on the first page of the thread but you can refer on the quoted statement below from CatenaX


I believe they will expand there app on different blockchain as much as possible since they aim to bridge blockchain. Let's just wait for the development.

Do you plan to build your own bridge to ensure interoperability of CEX across multiple blockchains or you want to use existing bridge? I don't know of blockchains such as Solana, Avalanche, and Fantom Opera are parts of the blockchains you intend to interoperate with or not, but it would be great if they are considered.

UPDATE 10/23/2021: AIRDROP CAMPAIGN #2 HAS NOW ENDED!

Thank you to all community members for their participation and support.

Hello MAAManda, thank you for reaching out. 63M fixed supply per chain we deploy Catena X on. As Pablo (Dev 3) stated in the Telegram group, we need to have the same amount on each blockchain to implement the bridge.

Look yes and depending on the request, when you received CEX from bounty or Airdrop, you have to check it first, is there a landing in all blockchain ( Ethereum Chain, Polygon Chain, BSC) or only 1 blockchain (BSC)?

but I don't think it's forever (ride on those blockchains) when Catena X builds his own blockchain, 63M maximum total is fixed. IMO.

Hello @Catena X, I Just Want To Make Sure That $CEX Will Have 63M Fixed Max Supply Right? (As We Can See On The Website).


But I Saw These Messages On $CEX Telegram Group, Check On The Image Below:


If We'll Have 3 Chains As an Example, Ethereum Chain, Polygon Chain, BSC. We Will Have Total 189M Supply? #CMIIW

The NFT market will be similar to OpenSea but with a twist . Verified contributors on the platform will be able to earn passive rewards from the sale of any NFT on the marketplace as a community incentive.

We have already began the process of distributing Airdrop #1 tokens. Please be on the lookout for upcoming new community incentive programs.

We will be launching Airdrop #2 in on Wednesday (Oct 20th). Please be on the lookout for updates in the next two days.