BankEx Blog BANKEX AMA Session — Part 3

BANKEX AMA Session — Part 3Lots of news about Paxful but MainWallet nowhere mentioned, Idid not find anything about it on Paxful platform, so no one besides in this channel know about this integration.That’s a good point. The press release will be made when we pass the test. There are many users in the Paxful platform and the product should work perfectly. At the same time the service has already made 11 real deals for our clients last week (with native interface) — any of you can do it right now.At present, the official website is only a guide page. At present, there is no home page of the Internet sales platform and there is no mobile phone APP mall. How do you operate? This is equivalent to a company that has not had a store for a long time. At present, the valuation of $1 million is still too high. We need web mall and mobile phone APP, portals like Amazon and okex, and we need bkx to officially open stores for business.When can BKX store be operated? Like Amazon and OKEX, there are products, services and online store operations.It’s already working now. The last interface update was made yesterday. So far the product is not perfect — this is because of the technical ability to use any application in many different bots. On the other hand, there are two big benefits. The first is that the user can choose which community to play or use the application in. The second is that you can earn money from the promotion of your favorite application as a referral or administrator. These are very cool features. https://apps.gramstore.io/I would like to talk about the profit model. Many token projects have such a mechanism. Use 30–50% of the company’s profits to buy your token and then destroy it. As token market value management, bkx company should consider this operation. Otherwise, a simple token is a loss-making project.Unfortunately, the idea of collecting tokens and then destroying them works badly for the token utility. This model is more compatible with DeFi services.We make the BKX circulation reduction model much better. We use the basic motive of any people to earn money, for an administrator or merchant — it is much stronger than buying something for tokens or receiving discounts. All big platforms use basic motives of people — we are on the right way.Using the mainwallet robot, the interface feels like DOS operation in the black-and-white era. Our application has been in the world of graphic color for more than 20 years. Don’t go back to the pastYou have learned the WeChat interfaces well, but you have not learned the interfaces of other applications in the world. The global trend of interface simplification has been going on for about ten years and has also led to the appearance of messengers.There are many materials about it, read about it at free time.I/O 2014: Google Google blurs the line between native and web apps:What's New in Android 5.0 LollipopUser Interface & Navigation:User Interface & Navigation | Android DevelopersProgressive Web Apps:Progressive Web Apps | Google DevelopersAMP interfacesAMP on Google | Google DevelopersText interfaces are much cooler and more user-friendly than most native applications. Yes, it is similar to DOS, but it is the next generation of interfaces that we will all be working with for the next 10 years.You can also see the report on new banks in the Asian region — half of these players are banks in messengers.So if you have contacts with the WeChat developers, tell them that new text interfaces have been invented in the Telegram — let them look at our experience and we will be happy to cooperate.Who Will Be the Ultimate Winner of Asia Pacific's Virtual Banking Race? - Fintech SingaporeIn addition to what I said earlier, MainWallet can do group chats for hundreds of people in a single transaction. There is no one application in the world that can do this, including not a one in WeChat.Like this:I don’t want to criticize team work, my aim is to have products delivered to investors. The team said that a lot of things were ready. Multilingual versions of mainwallet, mobile phone APP, integration of past businesses, destruction of millions of token, mobile phone ID login to mainwallet and so on all said that they were ready to launch soon. As a result, several months passed, nothing happened and the market value fell endlessly.The team focuses on the core of the product, it is a fee engine and token freezing system. We launched the commission engine yesterday. The other functions are ready, but their publication should contain economic sense — the sharing of fees from administrators’ income.No technology has no future without marketing.BANKEX — the brand is known all over the world globally. Igor, our CEO, meets a lot of people in the US and everyone knows us. There are not many teams in the cryptomarket that are as well-known all over the world. This is the result of the best marketing in the market in late 2017. We know how to do marketing and we will repeat it at the necessary moment.Partners are not not supporting the team, nor are they criticizing the team’s work because of price. But I think a community needs a good discussion environment, not to avoid issues, including prices. Price is also a manifestation of market performance. The community should discuss everything freely and democratically, and the team should seriously consider the opinions of the community.Now the price of all tokens is not affected by anything but two factors: 1. general direction and mood of the market — we can not affect it in any way.2. launch of the token economy utility, which will reduce circulation. This is what we can do and we are focused on it.We are not developers, we are not allowed to discuss prices in the community, we do not understand technical development, and the team does not have many news releases. Then I ask: what can we do in the community? How can it help the project develop? Is it repeated every day: HELLO?You can:1. Test the product and offer updates and new features. What’s more, you can come up with a new script for MainWallet — and we’ll integrate it.2. Run the referral system, you can invite people to MainWallet and increase our community.3. Try the stacking when it’s ready.I always feel that MainWallet bot does not have much technology at present. First of all, it is easy to copy and only simple. In addition, there is no market value. Because there are many better alternativesFor example, Telegram has a token wallet service.At the heart of MainWallet is a heavy and highly complex digital asset repository for corporate clients (BANKEX Custody), which we have been developing for over two years. At the same time, it is fast and very low-cost.No more than 20 companies in the world now own such technologies; these are large crypto exchanges and some crypto custodians.All our competitors work on the basis of BitGo depository, which makes their transactions much more expensive. This is exactly the reason why they cannot repeat group transactions between users — a transaction per 100 users in MainWallet costs 0%, in a BitGo-based wallet it will cost 0.5% or more. We have the best position in the world now on instant financial technologies in messengers.When you are saying things like this my confidence in your project goes 100x. I’m sure you will make it guysThank you!I had a funny case last week, I met with a top manager of a big European bank who is responsible for integrating his bank into a messenger. He was a very important and serious guy. After I showed him what MainWallet can do in messengers, his eyes turned red and he nearly cried.He said: “You’re showing me right now what we’re afraid to dream about”.This is the real level of our technology right now.The team said two months ago that it was ready, the multilingual version of MainWallet. Why hasn’t it been released yet? I feel cheated.Because the fee messages aren’t ready yet. It’s our fault, we’ll fix it soon. Sorry.Where is staking system anounced month ago?Sprints way: commission engine -> token freezing ->referral system ->bitcoin ->native Paxful ->multi-language -web admin for PayBot owners ->stacking 🚀MainWalletbot:19.95 TRX were sent to the address TDAhseyVHzjxBmt8n2d7RLfQMLwUjSTNWSYour request is being processed. It can take some time depending on blockchain. Withdrawal reference: dfa70e0c-c346–4c90-b1c2–593c5894d668Please wait, Tron withdrawal sometimes takes a long time, we’ll fix it soon. Stay tuned.Telegram will soon cooperate with Broxus, which supports 140 encrypted currencies and more than 10 exchanges. In the future, telegram will bring its own robot, so will mainwallet lose its market?We’ll make it faster to integrate exchanges with MainWallet into Telegram’s. There’s no doubt about that. If you have contact with the team of this wallet — tell them that we welcome their project and are ready to provide all possible support and advice. All the teams in crypto are doing a great job together and it’s great to be more of us.I don’t quite understand what you mean. Can you combine mainwallet with telegram’s main interface? Because now telegram has its own wallet integrated into it, users will all go to telegram! Because it provides simpler services.No, of course not.Good question, there are a few important basics:1) Telegram is not an open system, and when their blockchain is ready, they will add it to their API. After that, all teams will start developing applications. Do not forget about our advantage — a lot of users and a lot of reliable features. 2) Telegram supports one coin — Gram. We support any coin, and moreover we can use Gram in other messengers, such as Twitter or Facebook messenger, or WeChat3) Each transaction of the TON blockchain requires gas. This will impose a limit on small transactions for multiple users. We can do such transactions right now for free.So it is profitable to have players like us as a large ecosystem. And the ecosystem market i