Here’s our 131th AMA recap!

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Maxx Reward October 2, 2021. This guest star,

• Dylan — CEO

Introduction

Dylan :
My name is of course Dylan. I’m from Toronto, Ontario, Canada. I’ve been involved in the crypto space for a couple years now. I love this space and I’m really excited to finally be launching this project.

QUESTIONS MODERATOR

What is MaxxRewards? Can you share with us more in detail?

Dylan :
MaxxRewards is a deflationary token that is based off the Binance Smart Chain network. Our goal here is to truly maximize the rewards that a single token can provide for it’s holders. We have high reward percentages and several great features to help us do this. We have a wonderful team, we all believe in transparency and honesty, we want to build a truly great community and hope you all decide to hop on board!

What is the difference between MaxxRewards and other projects? What benefits do MaxxRewadrs will bring to us?

Dylan :
We have several ways we are trying to differentiate ourselves from other projects.

First is our new buy-back staking feature. How it works is we take 2% from each transaction and send that to a wallet. The wallet will continue to build and build until it reaches a desired amount. This amount will then be staked. We will then take the profits and half the original investment and use the funds as a buy back for times of low volume or dips.

Second is our fantastic 8% (buy) and 10% (sell) rewards tax. These rewards are also going to be able to be chosen by our holders via our Rewards Hub, which will be located on our website. We are also going to have the ability to add and remove the rewards as we need. We can do community voting for new tokens to be added, or sell positions on the lists as another means of profit for the project. Don’t worry, we will share profits with the community!

Third is going to be the ability to choose a rewards token as your reward for holding $MXR. This means you will receive the rewards form holding our token, as well as the rewards the chosen token provides as well!

Fourth will be our re-loadable credit card that we plan to release in the coming weeks/months after launch. The market for this is growing and we want to be involved! This will be a huge bonus for our project.

Can you tell more about MaxxRewards tokenomics?

Dylan :
Absolutely! Some of our tokenomics have been explained in the previous question, mainly the buy back function and the rewards aspects. We are also still working out the best token distribution plan for ourselves, but this is what I am thinking currently. We want our project to be sustainable and last a long time.

Taxes:

(18%) Buys
8% Rewards
4% to LP
2% Development
2% Marketing
2% Buyback Staking

(22%) Sells
10% Rewards
5% LP
2.5% Development
2.5% Marketing
2% Buyback Staking

Token Distribution and Supply:

15% Marketing
15% Development
65% Liquidity
5% Giveaways, Contests, Private Whitelist

Total Supply: 10,000,000,000

No initial burn. We will do small burns from time to time

*Please note, these distribution numbers may change before launch. We will be locking certain percentages of the marketing and development wallets.

Could you please explain MaxxRewards roadmap and also what phase is currently ongoing?

Dylan :
I sure can! Also, our detailed roadmap can also be found on our website, maxxrewards.net.

To start out this month (our current phase), we are going to be mainly doing marketing such as AMA’s, advertising on different channels and websites, we have a big PR campaign coming up soon as well. We will be featured on many different major financial news website.

Mid-October we will be holding our presale and then launching within 48hrs after. This will be followed by a large marketing push, we will be EVERYWHERE!

End of October we will be starting development of our crypto credit card, and we aim for this to be done by the end of the year. And then you guessed it, more marketing.

Then it’s a straight moonshot from there 🚀🚀

Are there any exciting news or updates with regards to MaxxRewards that you would like to share with us here?

Dylan :
Maxx Rewards will be holding its presale on October the 16th (time is still TBA). We are also going to be holding only a small presale (35/70) to hopefully maintain maximum buy pressure at launch and have a low MC start. We also have a couple spots left on our private whitelist, so now is the time to get in. I am only accepting two lucky individuals to join from this community. If you would like a spot, send me a DM and I will do a random draw from the messages I receive. Please include that you’re from this community.

QUESTIONS TWITTER

There is a buy tax of 18% and a sale tax of 22%. According to this mechanism, a regular trader of MXR has to pay 40% of his funds back to you. Why did you impose that kind of high tax? Don’t you think this tax will reduce the demand for buy MXR?

Dylan :
Yes you’re correct, the tax is a little higher that some other tokens in the same market. To be fair, it’s only slightly higher that the average token. Also these taxes don’t just go straight to us, they will all be directed back into this great project and to our holders.

The high taxes will be used to provide our holders with the maximum rewards possible. We hope that everyone will realize it is much more profitable to hold $MXR as opposed to selling it. Once people see the extremely large rewards they get from holding, word will spread fast, and I don’t think we’re going to have any problems with demand.

Are you working on any partnerships or marketing initiatives to help build awareness for your platform?

Dylan :
Great question!

As a matter of fact, yes we are. We have two potential partnerships in the works already, I can’t share details just yet though. We have actually just ended a shilling contest, we had a few really active shillers working for two weeks to spread the word about us. We are also going to be do loads of giveaways and other contests to help build awareness. I have already mentioned several of our future marketing plans in earlier questions, we are working very hard to get this out to the masses.

Also, with our selectable rewards, this gives us an avenue to build many potential partnerships. We can offer other tokens spots on our list in exchange for some advertising on their groups, or for money which will then be put into marketing or shared with our holders. The possibilities are endless really.

Investors have been increasingly skeptical of new projects lately, as they face numerous fraud cases. How will you solve the “confidence problem in investors”, which is perhaps the most important problem?

Dylan :
Yes this is very unfortunate, but sadly true. The crypto world has become like the wild west in recent months. We will do whatever we can to prove to our community that we are all legitimate, hardworking individuals that only want to create a successful token and truly give the community a product they can trust. The entire team has been working in this space for a long time, we are from other successful projects, and we are serious. We are also going to be preforming an audit as soon as possible, and I am even willing to doxx if absolutely necessary. Leading up to launch we will be holding regular voice chats and meetings to answer any questions people may have and show that we’re here and building a relationship with our investors.

To be honest, one of the biggest problems these days is simply that people don’t do enough research into the projects they are investing in. We have been around for a couple months, we post all of updates in our group, we will be sharing our progress throughout our development phase and ensuring that people can see the work being done and gain some faith in us.

On the Phase 1 of your roadmap, after a successful launch you will begin development on your anonymous virtual credit card. Can you give us an overview about this anonymous virtual card?How can it be accessible and be utilized with in your platform?Why it is said to be anonymous?

Dylan :
That is correct! We are aiming to have this ready for use by the end of the calendar year. It will be accessed right on our website under our Rewards Hub, this will be where users can change the rewards they are currently receiving and have the ability to load their funds to their card when it’s released.

An anonymous credit card is great, it’s going to be a way for everyone to spend their crypto earnings easily without having to go through the hassle of converting everything over, withdrawing funds, then paying large taxes and fees. By making it anonymous, this will eliminate the verification process and having to provide ID, therefore, no waiting or anything just load your money and spend it! We also know that sometimes people need to make certain purchases that may require discretion and maybe you don’t want those purchases tied to your name. This will give our holders the ability to do exactly that and all from our website. We are planning to start out with a virtual card, for making online purchases. Then if the demand is high, we will release real plastic cards.

Do you have any plans to attract non-crypto investors to your project Because, who are still not in the crypto world they invest. What are the plans to increase awareness around in non-crypto space?

Dylan :
This is a great question. We plan to make this is an all inclusive project. To bring non-crypto investors in, we will be advertising on all forms of media, from billboards to news websites. We will be advertising our crypto card as a way to anonymously spend funds. This alone is a huge selling feature. Our end goal is to have this card accessible to anyone, whether they are a holder of $MXR or not. The people holding our token will get other bonuses and discounts to make it worthwhile being a holder, and this will hopefully encourage non-crypto investors to purchase our token as well.

QUESTIONS TELEGRAM

Smart contracts are prone to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you audit it through any of the parties?

Dylan :
We have an incredible Dev who has written contract for many successful tokens. He has proven his work many times. We have done extensive testing on our contract and it is 100% working flawlessly. We will be preforming a full audit shortly before launch, with a well known company in this space.

What is the Best way to follow All your Upcoming news and updates? What are your scheme in coming Future?

Dylan :
You can follow all of our socials, website, and telegram group.

Website: www.maxxrewards.net
Twitter: Twitter.com/MaxxRewards
Telegram: t.me/MaxxRewardsOfficial

We always update everyone with the latest information as soon as it becomes available

Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

Dylan :
We plan to release NFT’s sometime after launch and we will be adding them to our giveaways and contests in the future.

Do you have a Token Burning plan to increase Token value and attract Investors to invest?

Dylan :
We are not doing any initial burns. We are going to be doing strategic burns after launch to help keep our project stable and healthy.

Currently many projects collect donations unfairly by saying that we’ll help charities. If you really did this? Will community decide which organization will be the charity platform? Have charitable organizations been identified for the assistance that has been provided?

Dylan :
I was apart of another project that was planning to do big charity work but unfortunately things didn’t work out for them due to Developer. So this is something I strongly believe in.

I am naturally a very giving person, and I truly want to give some our profits to those in need. I have no concrete plans for anything in specific just yet, but this is going to be something we do. And yes, we will certainly get the community involved with the process of choosing!

• Telegram Chat : http://t.me/MaxxRewardsOfficial
• Twitter : http://www.twitter.com/MaxxRewards
• Website : http://www.maxxrewards.net

Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about MaxxReward.

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