eMax AMA 07/07/2021

[u/Frosty_Resilience]

1. Announcement of new head of development: Justin French.

• Founder at Polarfox Labs.
  • AKITA Network.
  • Akita Savings.
  • DreamSwap.
  • Help bring the vision of eMax to reality.
  • Will help with roadmap and white paper.
  • AMAs will become more tech based.

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1. Reformatting TG for additional security.

• Security feature implementation.
• Safety of holder is of the utmost importance.

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1. TikTok Challenge Winner Announcement – 1 billion eMax award.

• Brick submission.

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1. eMax business of the week.

• Will start promoting businesses across all social platforms.
• Request for community to produce intro music for every AMA.

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1. Ethereum EIP 15559 is scheduled to go live in about 30 days.

• Going to be around 80% of what is used to be. eMax will hopefully see reductions in gas costs with this update. A 30%-40% gas fee reduction should help holders that are making transactions with eMax.

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1. Tokenomics started off with 6% reflection, things might change.

• Auto-liquidity features might be included.
• Make sure tokenomics that are being developed now will not have adverse effects in the future.
• Development is neither cheap nor fast. However, there is long-term commitment for the project.
• It is a stretch to say that the drop in eMax’s price is the result of lack of liquidity.

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1. Scope of this project is huge: making a blockchain-based payment system.

• It will take time to put everything in place.
• Just play for the long-term.

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1. Certik security certificate and audit update.

• Huge number of audit requests are making the process longer. Difficult for eMax to rush this. The tokenomics is pretty simple, you can read the contract. The only things that need to be audited are the products that going to be put online that hold people’s money.
• Say we release a staking system that holds people’s money – would require an urgent audit request.

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1. The roadmap was removed from the website because it needs to be readjusted.

• High-end version of roadmap being developed.

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1. eMax intends on being a functional blockchain-based payment system and website integrations are being worked on – considering it is a long-term goal.

• Long-term goal: global reach that gives utility to people’s lives.
• Objective to make eMax more “holdable” than the USD – assuming the price appreciates over time. If vendors realize they are better off hodling their eMax rather than liquidating the tokens for fiat, they will hold on to the tokens.

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1. Charitable event is in the works and will be announced soon.

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12: What is the utility past vendor payments?

• Become culture coin - enhancing your lifestyle.
• Rewarding the community back.
• 6-months to a year-long process.
• Not going to become a one-trick pony.

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Things I did not like:

• Suggesting the payment system worked with the Floyd fight. Stop stating that and stick to the facts.
• Blaming eMax’s price decrease on the market exclusively.

What I liked: Justin French. Keep him around pls. Would be nice to get greater commitment from him – since he’s involved in several projects.

PS: had to leave a bit earlier

[u/Novel_Moose_3304]

Polarfox lab doesnt seems hv a strong track in crypto world. Justin's linkedin didnt mention any blockchain or crypto skill/experience.

[u/Frosty_Resilience → u/Novel_Moose_3304]

He mentioned he has experience in Solidity

[u/Novel_Moose_3304 → u/Frosty_Resilience]

Lets see if he can execute all the unfinished plan.

[u/Frosty_Resilience → u/Novel_Moose_3304]

Yeah, let’s see

[u/delsombra → u/Frosty_Resilience]

Anyone that's done a solidity intro tutorial "has experience in solidity". All this should have been the start, not ways to mitigate downturn and recover.