Cryptofun X XcelToken Exchange AMA Recap

31 Oct 2020 14:14
Cryptofun X XcelToken Exchange AMA Recap

Hello, We had an AMA with Xcel Token on October 30th, 2020. For those of you who are late to follow or watch, you can read the following AMA recap.

Guest Survangsu Das (Marketing Manager Xcel token)
Moderator Cryptofun Team
Online participant 3068
Live Question 426

Segments:

  1. Introduction
  2. Twitter Questions
  3. Live Questions

INTRODUCTION

CRYPTOFUN:

Welcome to the CryptoFun community, thank you for taking the time from your busy life to attend the AMA today!
We are glad to meet here @suvrangsuDAS

Suvrangsu D:

Hello @MaIvoy Thanks for having me here!!!😊

CRYPTOFUN:

So before we start, can you please introduce yourself to the our community? @suvrangsuDAS 😊

Suvransu D:

Hello Everyone, This is Suvrangsu Das, Marketing Manager of Xceltoken Exchange!
Xceltoken Exchange is the most safest crypto trading platform backed by XcelLab Inc.
We have several products such as,
XcelTrip, is the first blockchain based hotels & flights booking platform where you can book 4.3 millions hotels & 450+ airlines using your favourite crypto currencies like, BTC, ETH, USDT, XLAB and many more.
XcelPay Wallet is one the collest decentralized crypto wallet with amazing features.

CRYPTOFUN:

Thank you for the introductions, we can't wait to hear more👏👏


SESSION 1: INTRODUCTION


CRYPTOFUN:

Q1. Could you please describe what is XcelToken Exchange in few simple sentences to our community? @suvrangsuDAS

Suvrangsu D:

XcelToken is a Trusted and Transparent crypto exchange to buy and sell crypto assets with these amazing advantages,
Safe and Secure: Multi-factor authentication, future-ready encryption and distributed storage to ensure better safety.
Ease of use: Our platform is built to delight new users and empower seasoned traders. Advanced technology with remarkable ease of use.
27/7 Support: Got a problem? Just get in touch. Our support team is available 24/7.
Zero trading Fee: You don't have to pay any trading fee. HIGH SPENDING LIMIT🔥🔥
With multiple limit levels, backend with a strong KYC verification process, you can buy all the assets you want with peace of mind.

CRYPTOFUN:

Q2. What features are currently available on the XcelToken Exchange? and what advantages does XcelToken Exchange have?

Suvrangsu D:

There are couple of amazing stuff available on XcelTroken Exchange,
User-friendly Interface :- we have really cool interface.
Stop Loss Function
Security: - Security is of crucial importance when considering which crypto exchange to use. Crypto exchanges have been found to neglect even the most common security measures such as mandatory use of complex passwords and 2FA. here come XcelToken Exchange, we provide highest level security to our traders which keeps their digital assets safe and secure.
We are going to lauch our mobile app in iOS very soon.
We are going to support p2p very soon in fiat currency

CRYPTOFUN:

Q3. Does XcelToken Exchange have its own tokens like other exchanges? How much supply is available and where are the tokens allocated? @suvrangsuDAS

Suvrangsu D:

Yes, We have our own utility token called XcelToken Plus(XLAB).
We have the largest usecases in the entire crypto industry.
XLAB has 1 lacs+ active token holders, we are not limited with trading.
You can book 2.3 millions+ hotels & 450+ airlines in xceltrip.com
You can recharge your cell phones with XLAB in 900+ carriers in 190+ countries.
350+ giftcards can be recharged by the XLAB such as, Amazon giftcards, Starbucks, paypal, PayTM, Uber and many more.

Cryptofun:

Q4. We all know security is now a concern of every cryptocurencies platform, can you explain what security system XcelToken Exchange uses? How safe and strong is the XcelToken Exchange? @suvrangsuDAS

Suvrangsu D.:

As I mentioned earlier, security is of crucial importance when considering which crypto exchange to use.
XcelToken Exchange is very much concerned about their customers data and safety. We are the most secure crypto trading platform where crypto people can store their digital assets and they can trade safely. A cold wallet is an offline, safe storage for crypto assets. Xceltoken exchange provides an additional layer of security. Even if an exchange is hacked, the assets stored in a cold wallet are invulnerable to theft.
XcelToken Exchange with the Robust Security
We care most about our traders & their digital assets safety😊

CRYPTOFUN:

Q5. Finally, what are the major milestones XcelToken Exchange achieved so far & what are in future pipeline? @suvrangsuDAS

Suvrangsu D:

XcelToken Exchange launched in June�.
We have 70k+ registered users from UK, Russia, India, Iran, Poland and many more countries.
We listed more than 100 tokens/coins on our USDT, XLAB market with top DeFi tokens.
There are so many things are in pipelines,
We are going to launch 🚀 in India & Indonesia soon.
fiat-to-crypto will be live soon (USD & INR)
Staking in crypto will be available soon
lots more are coming soon😁😁


SESSION 2: QUESTION FROM TWITTER


CRYPTOFUN:

Q1. from @sharmamukul09

"Xcel Exchange didn't charges any trading fees on it platform, My question is, where does Xcel Exchange earn funds to run its platform if you didn't charge any fee to your users? @suvrangsuDAS

Suvrangsu D.:

haha! Thanks for your question Mukul!
XcelToken Exchange is backed by XeclLab, which is the largest eco-system in blockchain space.
We want to provide the best and secure platform where crypto lover can do their regular trading!
Come and use xceltoken exchange😁
Thanks,

Q2. from @QuyenCao11

Does Xceltoken have a plan to promote, raise awareness, and understanding in the community so that more people get to know Xceltoken? @suvrangsuDAS

Suvrangsu D.:

Thanks for your question @QuyenCao11!
Yes, We are going to start our marketing campaigns and promotions very soon. We are going to launch our exchnage in India and indonesia very soon.
We will start promoting our exchnages offers, giveways and awareness campaign very soon.
Thanks,

Q3. from @Mahi95806886

Many exchange still don't have this feature, the feature is to swap left over tiny ballance of a token/coin that we just sell to some Coin than just left it there being useless, in the future will XcelExchange have feature to handle this problem?

SuvrangsuD.:

That's a very good question actually, Yes, We will have this feature very soon where you can convert that token instantly into any stable coin or our own XLAB token.
Thanks,

Q5. from @mai18315

In the end what is your vision? What is Xcel token trying to achieve in the long term, and how do you plan to get there? How will you make a difference in the world?

Suvrangsu D:

This is what I'm here to tell everyone why you should try XcelToken Exchange,
We want to create the best trading experience for the trading lover.
We just don't want to create a trading platform, we want to provide them a complete experience, where they will find the easiest way to buy/sell their favourite tokens, store their digital assets in the most secure platform with highest security level and last but not the least they will get 24*7 customer support.
XcelLab is the largest ecosystem in the crypto space with huge usecases (XLAB utility token ) and it's platform which serve crypto people in daily life and work day and night to make their life little bit smoother and easier😊😊😊

CRYPTOFUN:

Second segment has been over, thanks for your answers we really hope XcelToken Exchange will be a great in the futures 👏


SESSION 3: LIVE QUESTION


Ki R Bolda:

What's your opinion about DeFi? What do you think is holding the DeFi space back? What is preventing from the mass adoption of DeFi products?

Suvrangsu D.:

In my opinion, An ecosystem comprised of applications built on top of public distributed ledgers, for the facilitation of permissionless financial services.

Yvonne Hamill:

From the limited total supply, will there be any token burning in the future to reduce the total supply and automatically increase the XCEL price? Where can we buy and sell XCEL now?

Suvrangsu D.:

You can buy XLAB from Xceltoken exchange (Xceltoken.com) or XcelPay Wallet.
You can SWAP from ETH/BTC to XLAB.
Yes, we will buy back 30% tokens( in three steps) from the circulating market and burn some tokens.

Winter Kommt:

- If there are already many successful exchanges, why is it necessary to create a new one? What will bring XCelToken Exchange? Do you have a different target than traditional exchanges? How do you plan to innovate?
- When I trade on XcelToken Exchange, am I really buying crypto currencies? Or are they just derivatives? Can I trade on this exchange without a KYC approval?

Suvrangsu D.:

We want to create the best trading experience for the trading lover.
We just don't want to create a trading platform, we want to provide them a complete experience, where they will find the easiest way to buy/sell their favourite tokens, store their digital assets in the most secure platform with highest security level and last but not the least they will get 24*7 customer support.
Yes, you can enjoy trading without KYC😊

J Mags:

Do you have lawyers for some legal concerns in your exchange?

Suvrangsu D:

Yes, we do have legal teams who take care of legal matters in respective to each country.

Oleta Dickens:

Where I can buy $ XCEL ? Do you have plans for listing on more exchanges in this quarter.

Suvrangsu D:

Yes, we already listed on 6+ exchanges like, LAtoken, P2PB2B, Hotbit and many more,

Ruthe Shanahan:

Apparently, many blockchain projects are not solving any real problem, they just exist to sell their tokens. What problems exactly is XcelToken solving, and solutions are you provide?

Suvrangsu D:

This is where we came, We took long time to create Xceltrip, which is the first blockchain based travel booking platform where You can book 2.3 millions+ hotels & 450+ airlines in xceltrip.com.
We have the largest usecases in the entire crypto industry.
XLAB has 1 lacs+ active token holders, we are not limited with trading.
You can recharge your cell phones with XLAB in 900+ carriers in 190+ countries.
350+ giftcards can be recharged by the XLAB such as, Amazon giftcards, Starbucks, paypal, PayTM, Uber and many more.

Suvrangsu D.:

Thanks a lot guys for your time:) really had a great chat with all of you 😊

CRYPTOFUN:

The answer is very detailed and complete, we went through the AMA session, thank you for accompanying me with the AMA session today, and for clarifying XcelToken Exchange and the technology and utilities it brings to our community 😊


MORE INFO ABOUT XcelToken Exchange

Website: xceltoken
Facebook: xceltoken facebook
Twitter: xceltoken twitter
Telegram Group : xceltoken telegram group

End
Oezank
Oezank is a Crypto enthsiast who has more than 3 years of experience observing Crypto projects and strongly believes in blockchain technology in Indonesia.
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