Quote from: Bowtiesarecool on August 23, 2019, 07:26:52 PM

Quote from: CryptoNinja22 on August 23, 2019, 06:49:46 PM

Quote from: Oprah on August 23, 2019, 06:44:14 PM

Quote from: 6eTxoBeH on August 23, 2019, 05:31:08 PM

Quote from: CryptoNinja22 on August 23, 2019, 04:35:21 PM

NairaX has now been featured on Coingecko.

CoinMarketCap will be next after IEO.
Thanking our community for the unending support.

Wow, its very cool.
I believe the CoinGecko site is underrated. Recently, I have been using it exclusively, as it has more coins and tokens than Coinmarketcap.

Perhaps you are partially right, this website is really underestimated, as this website is extremely informative but Coinmarketcap is more convenient.

You just hit the nail on the head. Been awhile Oprah, I hope you are well?

Cheers.

So as a stablecoin with 10b total supply that has parity with the Naira, you'll fully collateralize the token with fiat, right? How will you address transparency issues and what collateral model will you be using? What will be the frequency of company's audit?

Hi Bowtiesarecool nice to meet you.

Well laid questions I must say. Its 10b in TS all right, but over 70% of it is locked for a 1year period from completion of IEO. 35% is available for both ICO and IEO. Any remnant unsold tokens from this 35% would be burnt in accordance to schedule. The residual supply would serve for the circulating supply while we buy back as much tokens as available in the market afterwards. This is one out of our many strategies for maintaining token value.

Yes! NIRX is fully collaterized with Naira. Since 2017, we ran coordinated surveys (in advance); to mine data from our projected userbase which basically constituted more SMEs who recently commenced exploring new interests in crypto. The fiat Naira isn't in a very good spot right now due to bad decisions by our government in Nigeria. This made it possible to have lots of local backing from right within Nigeria via investors, businessmen, financial houses and sponsors. Via our still-developing ecommerce platform, a utility is being established for NIRX to keep all our backers engaged for profit. Currently, NIRX stands as the first ever project of this status from Africa. This puts NIRX in a virgin market space. One word comes to mind: Organic Adoption.

In regards to transparency, well our company is very much registered in Nigeria (RC2903759). We are glad to show the necessary documentation anytime sir

. Kindly, you might also want to see our token distribution chart, we intend to maintain it. In summary, our company hopes to organically earn trust over time in good faith.

We'll be having audits bi-annually at a 6 month interval. For each of these sequences we will burn some NIRX tokens to suppress any dire possibilities of inflation.

I would be glad to assist you further if you have more questions. Do have a great day Cheesy