we hosted an amazing AMA with Capx on the 29th of November
And here we will put some of the best questions:
Q1. Can you please introduce yourselves to our community ?
So I’m Vaibhav and I’m the VP Marketing & Strategy at Capx. Along with me I have Aditya @adityarola who’s the CTO at Capx and responsible for all the tech
Q2. Can you briefly tell us about Capx project ?
Capx is a liquid vesting platform that allows founders and investors to get access to liquidity by creation of Wrapped Vesting Tokens (WVTs) on top of vesting tokens. Capx is unlocking a 1.7 Trillion USD market locked in vesting tokens as these WVTs can be traded in secondary markets or can be put as collateral to borrow against.
With equal opportunity for institutional investors and individuals to get access to the Wrapped Vesting Tokens, individuals will find themselves getting a seat at the table by getting great deals on the token purchase. Capx levels the playing field as these deals were earlier available to only the institutional investors.
Q3. What are the advantages of Your project ?
We at Capx we are building a DeFi Ecosystem which comprises of – Capx Liquid, Capx Exchange (P2P DEX) and Capx Lend.
Capx Liquid allows teams to vest tokens and issue Wrapped Vesting Tokens against the vesting tokens.
Capx Exchange allows users to trade their Wrapped Vesting Tokens, resulting in liquidity for vesting tokens
Capx Lend allows borrowing/lending against WVTs by taking the Wrapped Vesting Tokens as collateral.
Capx helps in sustainable growth of a project by enabling means to increase the floor price of the project. The higher the floor price, the lower the chances are of the project losing large percentages of value over time.
Q4 please tell us about the goal you want to achieve in this year
Capx Liquid is expected to launch by Dec 2021, followed by Capx Exchange & Capx Lend in Jan 2022.
We are planning to go very aggressive on the token launch. We will soon be releasing details about our private sale. We have very credible names backing us. Details about the ICO will be released very soon in our telegram community.
Q5. Who are the team behind this project? can tell us their background?
We are a team of 20 people as of now, although we are scaling aggresively. We have a design and marketing team, a business development team and a dedicated team of developers all exceptionally talented and driven, with 1-3 years of experince in DeFi.
Our Founder Hitesh Bhardwaj, is the co-founder of two successful Defi projects – Persistence and Comdex, and has an experience of more than 3 years in the blockchain industry.
And here we will put best questions from our members and Capx fans:
Q1 Discussing concerns with Swap/DEX due to its exclusivity, such as slippage, rugpull, Smart Contract security, and endangering real-world user safety. How does your team cope with this widespread issue, especially in light of the modern technology generation?
At Capx we embrace such problems and have continuously been working with various stakeholders to solve them. Capx Exchange is a P2P DEX for the secondary market designed with security-first mindset.
Our contracts ensure that actions like rug-pull and front running are de-incentivised
Q2 I read Capx Token enables it’s holders to earn governance rights of the capx ecosystem. My question is. Does Investors, holders will have the ability to stake their token and earn proportional voting and proposing rights and work together with the community to grow the ecosystem.
Yes, you are right. Anyone and everyone holding the Capx token has the ability to stake their token and earn proportional – voting and proposing rights.
Q3 At present, liquidity mining has triggered a boom in the DeFi market, but high gas fee and network congestion prevent users from actually experiencing the full potential of DeFi products. what problem needs to be solved most? and how will #CapxFi provide a lasting solution?
We believe there’s already a lot of work which is underway in terms of exposing DeFi’s full potential. Many protocols are trying to solve these problem, such as eth 2.0, polygon, solana, etc.
At Capx we work closely with these teams in terms of striking the best balance between speed, security & stability. Our contracts are devised in a way to ensure gas fee charged is minimum.
Q4 What features are available on CapxFi platform? And what are outstanding features of the CapxFi platform? What is the most ambitious goal of your project? What is the main vision that your project wants to achieve in market cap market? can you share with us the upcoming updates?
Capx Ecosystem has many features unique to each of its product. Like Capx Liquid allows project teams to vest tokens and issue Wrapped Vesting Tokens (WVTs) on top of the vesting tokens.
Capx Exchange a P2P DEX enables trade of these WVTs therefore bringing in liquidity for vesting tokens. At the same time we have Capx Lend which lets the users put the WVTs they hold up as collateral to borrow against them
Q5 CapX building an ecosystem of Defi products with the vision to disrupt and revolutionise the Financial World. But could you mention some of those financial solutions, can the Capx platform provide user with enough income to work in a good win-win environment?
The whole idea and vision behind Capx is ‘Liquidity for all’. We at Capx aim to build an ecosystem of DeFi products which would help each and every member of the community from investor to retail investor reap benefits from Capx Exchange and Capx Lend. Our community incentivisation programs around Capx Games, Community reputation and participation rewards and Capx Carnival will encourage the users without capital to earn unbelievable incentives.
Our financial product primarily would be our Capx Liquid which would help us unlock the 1.7 Trillion USD market locked in vesting tokens
Q6. I found out that Capx Exchange and Capx Lend will soon appear in your platform, since many platforms have exchange and lending, what competitive advantages can we look forward to regarding lending and exchange? for users?
We are not trying to compete with the current DEX and borrowing/lending market. What differentiates us is the asset that is being traded or borrowed against. While most of the DEXes and lending platforms are built for the liquid tokens in the market, Capx Exchange and Capx Lend’s primary and most significant use case is to enable the people who hold WVTs (Wrapped Vesting Tokens) to be able to trade and take a loan by using their WVTs as collateral, respectively.
We have a huge competitive advantage over other players as we are one of the very first players who are working towards making the vesting tokens liquid and therefore creating WVTs.
Q7. Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable
Yes, we are currently working with CredShields who are auditing our smart contracts and helping us make our DeFi protocols more secure. We have a gitbook with all the documentation which you can refer to in order to know in detail about the project – https://docs.capx.fi/
Q8. Regarding marketing, what plans, ideas and next steps does your project have to attract investors and users?What are the benefits to those new investors in your project?
Currently we are focusing on making the $1.7 Trillion USD Vesting tokens market liquid. Capx benefits every stakeholder in the crypto ecosystem. Founders can have a sustained price discovery for their tokens in the secondary market. Investors can get access to liquidity early and retail investors get access to deals that only institutions had access to earlier. Our main focus for the next year is going to be talking with every token founder and investor on the planet and educating them about the merits of using Capx. Once Capx becomes an established brand in the market, we will start exploring alternative asset classes as well.
Q9. He believes in mathematics more than blockchain. The crypto market is going through a downturn, and this creates uncertainty for users, causing them to invest less and less in new projects. So, can you explain the reasons for user involvement and investment in CapxFi’s development?
Math has always dictated the rules in blockchain or computer science in general. Same math dictates that when users will start accepting cryto projects in terms of not just the monitory gains but for the utility they provide , the market will rise again.
At capx we don’t just build we sensitise user to these basic math and grow along with the ecosystem.
Q10. Where are you most active on your Telegram support page or your twitch page? Where can I follow project news?
We will be most active on Telegram and Twitter channel to begin with. I would recommend you to stay tuned to these channels. We will very soon be launching our Discord community. In order to become one of the very first holders of Capx token I woulc recommend you to go and check out the Capx Games – capx.fi/games and register for the same
And this was the end of our AMA with Capx.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- http://capx.fi/
Medium :- https://medium.com/@capxfi
Twitter :- https://twitter.com/CapxFi