Guest: Madalin Muraretiu – CEO & Founder of SPH
At 12th August, 07:00 (UTC), XT.COM did another live streaming !
XT.com：Hi, everyone! Welcome to the XT AMA Channel. XT is honored to invite BUGG today. Let me give a brief introduction to XT first.
XT.com is the world’s first real-time social trading platform with 0% leverage interest. The XT ecosystem has over 6 million global users with a daily transaction volume of close to $5 billion. The platform has real-time indicators and tools that bring the best trading atmosphere for all users.
XT exchange’s innovative social model empowers the blockchain industry through newly developed social trading avenues, which were once not possible. XT has achieved this through a combined effort with our partners, like Btok.
Today, our guest is Madalin Muraretiu. Let’s talk to him to learn about SPH.
Hello Madalin Muraretiu, thank you for joining us for the XT and SPH!
Hello everyone, thanks for the invitation, it s a pleasure to be here!
XT.com: Can you give our audience a brief introduction of SPH?
B: Sphynx Network is aiming to improve the fundamental nature of DeFi by using alchemy in blockchain technology to comply with the next generation of yield farming and liquidity mining by implementing the NFT stake.
XT.com: I have checked your project has got impressive ratings by some top crypto rating websites. How do you take these ratings?
B: well, its due to a mixture of reasons..
starting with the transparency of the contract design which is audited and secured by EtherAuthority, as everyone can check on our sphynx.network website.
The fair launch that we had, maybe too fair of a launch, project has in control only 6% of the total supply and 15% which is team and advisors vested funds along with the 54% locked liquidity and 10% initial burn.
Since we are talking about tokenomics, I think that also the 5% reflection that is split to holders each time a transaction is made within the network, had something to do with the high ratings. alongside the 5% that are going back to the liquidity so the price will be sustained and the deflationary function the token has, xxxdead address being a holder will absorb a % out of the reflection each time a transaction is made.
As well as the concept itself, using alchemy in blockchain technology, being able to stake 1 NFT, 1 time only, will unlock multiple rewards simultaneously from different platforms.
And one of the most important things, imo the customer service everyone is praising.
XT.com: Can you introduce the core team members of SPH? We hear that the team is highly experienced, can we get some examples?
B. Madalin M. | Sphynx.Network ( CEO and Founder)
Spent the past 12 years in the stock market, trading stocks, commodities indices for different clients. Into Crypto Space Since 2016, Using Alchemy in Blockchain Tech to Deliver Disruptive Projects WW. Involved in the Growth and Development of Crypto Projects.
Iulia D. | HR & Co-Founder
Supervising the Organization’s Hiring Process of New Staff. As the Face of the Organization, Responsible for Managing and Handling Communications.
Daniel I. | CTO & Co-Founder
A Developer, Working on Sphynx Network to Ensure we Can Gain Attraction as we Work to Release and Develop that Will Lead to the Success of SPHYNX
Raul C. | Branding & Design
Always Seeking the Trends in the Visual World of Businesses and Constantly Learning new Ways to Make Brands Stay Above Their Competition
Brijesh K. | Backend infrastructure Architect
A Solidity Developer and Blockchain Expert who is Developing the Backbone of Sphynx Network and Aiding in its Advancement by Adding New Features.
Razvan S. | Advisory
CEO and Founder at Frenchie.Tech. In 2015 founded news platform 247cryptonews and Spiry Capital. Master in cyber-security domain and part of Romanian Security Team (R.S.T). Directly involved into the development of crypto projects : Expanse, TeslaCoin, FrankoCoin, MagicInternetMoney and more.
XT.com: Can you give our community a brief introduction behind the inspiration to build SPH?
B：Well I have a sphynx at home, beside this I have been an investor in different so I have been mesmerized about a specific one that was using alchemy in blockchain, we took advantage of the meme trend and the many zero in price, we added a few uses cases, not only one, to the token and married DeFi with NFT!
XT.com: In the Crypto industry, what do you think of the current state? What do you think that needs to be improved?
B: Blockchain has an environmental cost – in order to “prove” that a user has permission to write to the chain, complex algorithms must be run, which in turn require large amounts of computing power
Lack of regulation creates a risky environment – Due to the lack of regulatory oversight, scams and market manipulation are commonplace.
Its complexity means end users find it hard to appreciate the benefits – it takes a while, and a good bit of reading, before the “man on the street” can see what makes blockchains potentially so useful.
XT.com: How does the SPH team plan to tackle these issues to reach mass adoption?
B. well first, SPH is a token, not running on its native blockchain, there is no supply to be minted anymore, we ll also run on eth when 2.0
Sphynx is audited and secured by etherauthority, has liquidity locked and funds vested.
We also understand that there are other tokens that have been involved in rug-pulls recently, and we would like to assure all of our current and future token holders that this is not something that we are, or will ever be, involved in or endorse in any way.
we try to make things as simple as possible and we are there for any question our community might have.
XT.com: What is your timeline, and what can we look forward to from SPH?
B: Q3-Q4 2021
THE RISE OF RA
Farming and NFT staking
Sphynx NFT vaults
New exchange listing
New DeFi use cases
Charity and Donations
THE EYE OF HORUS
New token launch (SPHX)
BASTET – THE CAT GODDESS
Play to earn Game
Cards combat arena
Cross-chain NFT Portal
XT.com: Anything else do you want to share with our community?
B. i d like to let everyone know about our plans that are just around the corner
A marketing campaign in the local airport of Bucharest, sphynx videos will run 10 times each hour, on 33 devices in all airport, TV’s, Vending Machines, Totems and in 14 airplanes.
A capital infusion that will come from private investors
Marketing campaign with airdrops and giveaways
so everyone is invited to join https://t.me/sphynxnetwork and stay updated!
XT.com：Thank you, Madalin Muraretiu, for taking the time to do this AMA with us today. It has been great learning more about SPH and the team behind it!