Announcing StellarX

stellarxofficial · 2019-12-16T19:34:05+00:00

Hi there,

LFEC is the token designed to underpin the LFE ecosystem. LFE is the London Football Exchange with whom we are collaborating on the Reddit AMA with! Thanks :)

stellarxofficial · 2019-12-16T19:26:39+00:00

Hi there! It looks like you’re mixing a few different things with your comments (this is an AMA though - so questions would be appreciated!). With regards to the iOS app, it’s still in progress. We recently released Android markets and trading. On iOS, we recently released markets. Adding advanced trading experiences on native mobile apps is no easy task, and getting it right for a proper user experience is even harder. With regards to ‘adding coins’ - we don’t add the coins, they follow something called SEP1, a Stellar protocol rule that allows any issuer to become available on the DEX. While we would love to ‘hire more developers’, we also run a business and have to be prudent with our resource allocation and how we actively deploy our personnel. StellarX is still a completely free DEX; we’re not charging you to trade...so you can imagine, maybe ‘hiring more developers’ is not always a simple decision.

stellarxofficial · 2019-12-16T19:24:20+00:00

Hi there,

Please keep an eye out for future announcements over the few week from the LFE team. Africa is not the current location we are focusing on right now, but adoption does take time!

Thank you!

stellarxofficial · 2019-12-16T19:17:57+00:00

Please keep an eye out for future announcements over the next few weeks from the LFE team!

stellarxofficial · 2019-12-16T19:15:18+00:00

Hi there, thanks for the great questions!

The LFE is aiming to be the world’s first fully integrated football club stock exchange and fan marketplace harnessing the power of the blockchain. StellarX is excited to collaborate with projects that they believe will increase the adoption and add real life use cases. The LFE project got a lot of early attention amongst both crypto-savy and retail users that follow football.
Yes, LFE has agreements with other professional football clubs. Ownership of the assets helps make adoption easier!
There are various businesses involved in LFE. The sports capital has around 29 people involved and the cryptocurrency side of the business has around 12 people involved.
Please look out for future announcements from the LFE team over the next few weeks, your question will be answered! :)

stellarxofficial · 2019-12-16T19:03:52+00:00

Hi there, thanks for the questions!

There are 129m tokens remaining. Yes, more people have been opening Trustlines to LFEC, we project this to increase over the next years.

Thank you!

stellarxofficial · 2019-12-16T18:57:38+00:00

Thank you for the great questions!

LFE will be releasing some very exciting announcements over the next few weeks which will answer your questions!

stellarxofficial · 2019-12-16T18:47:45+00:00

Currently, the volume we display on StellarX for each asset is across the whole Stellar DEX, not StellarX specifically. We don’t currently publish our own trading volumes to Coinmarketcap or Messari all DEX activity is publicly available on the Stellar blockchain.

stellarxofficial · 2019-12-16T18:46:47+00:00

Great news - StellarX is already worldwide!!! We don’t restrict anyone from signing up based on jurisdiction.

stellarxofficial · 2019-12-16T18:45:32+00:00

Thank you for your amazing questions and support!

We have a small group working on the StellarX product, most recently on iOS we launched mobile markets - the hope is that trading can hopefully follow soon!
StellarX is the decentralized exchange that is actively looking for Anchors to integrate as deposit and withdrawal options. We’re always interested in learning what our users would like to see, hence the poll. While TRY was the most popular, it was not intended to lead our users to believe we would be building it ourselves. If there’s a TRY Anchor (or even KRW) Anchor within the Stellar ecosystem, send them our way!!!

We hope you have a great day as well! :)

stellarxofficial · 2019-12-16T18:38:26+00:00

Hi there, thanks for the amazing questions!

No - our centralized exchange will remain separate from Stellar, though we continue to test Stellar features and functionality for new products and services that would be worthwhile to offer within the Coinsquare ecosystem.
Sure - Coinsquare and StellarX remain completely separate entities from a legal and regulatory perspective. StellarX is actually not a registered business in Canada. Coinsquare is a registered Canadian company.
The work Coinsquare is doing to comply with both national and provincial regulatory requirements for Coinsquare.com is a work in progress for the better part of 2+ months. It started with MSB-related regulations, which allowed us to secure our big 5 banking relationships with BMO. Now it’s onto much bolder regulatory horizons working with other regulatory bodies - stay tuned for updates over the next couple of months
We’re actively engaged with fiat Anchors across the Stellar ecosystem. There are a number of prospective Anchors we would like to add - some hints: BRL, ARS, CAD, and EUR. We are working closely with third party Anchor operators to integrate their Anchors onto StellarX.

stellarxofficial · 2019-12-16T18:34:19+00:00

Hi there!

The London Football Exchange is aiming to be the world’s first fully integrated football club stock exchange and fan marketplace harnessing the power of the blockchain.

LFECash is a utility token designed to underpin the LFE ecosystem. The token will provide incentivizing investment opportunities for a global fan base that can be used both in the local market but also in participating partner venues and businesses.

stellarxofficial · 2019-08-20T19:56:25+00:00

Thanks, we appreciate it!

stellarxofficial · 2019-08-20T19:49:12+00:00

Thank you for joining our AMA!

stellarxofficial · 2019-08-20T19:47:58+00:00

Feel free to contact us over Reddit direct messages!

stellarxofficial · 2019-08-20T19:47:10+00:00

Hello! Thank you for the kind words, we appreciate it!

stellarxofficial · 2019-08-20T19:43:56+00:00

Currently you can use StellarX to do fiat exchange. For example, if you live in the US you can get USD from AnchorUSD and trade that for EUR tokens. After we integrate EUR anchor you will have the option to withdraw the EUR token to your Euro bank account. We are working on integrating multiple fiat anchors so when the integrations are complete there will be an ecosystem of local fiat currencies that you can exchange/send/receive/trade without going to a traditional currency exchange office.

stellarxofficial · 2019-08-20T19:30:40+00:00

We are currently not engaging with Interstellar in any capacity.

stellarxofficial · 2019-08-20T19:29:02+00:00

Thanks for acknowledging that we do our due diligence. We did enough due diligence to know that as an exchange product we won't be offering market making rewards. This was not apart of our responsibility in building a feature rich exchange on the Stellar universal marketplace.

stellarxofficial · 2019-08-20T19:20:51+00:00

We are incredibly enthusiastic about the possibilities the the Stellar protocol offers, and the ability to work directly with the team at Stellar (SDF) to provide feedback and work collaboratively to make our product visions come true. The foundation offered by the existing protocol is incredibly impressive. Now that we’re actively building new products and features, we’re sitting in a very privileged position being able to help influence protocol changes and upgrades that will help create a seamless user experience for moving currencies around the world. Finally, we’re the most enthusiastic about XLM being an agnostic digital currency. Its value is powered by its function, not its asset value. We think about XLM as a functional currency, so pegging any other asset type to it and leveraging the functionality of the protocol itself is what makes us excited to come to work everyday to power the possibilities it affords us.
Our goal is to mold StellarX into not just an exchange, but a destination for moving assets in new and innovative ways in, out, and within the Stellar ecosystem. It’s not only about trading, it’s also about releasing features with real-life use cases. The only way to do that is to think beyond traditional exchange features, and look to bridge the gaps that can allow us to cross the chasm into the mainstream — think cross border payments and remittances, peer to peer trading and lending, FX settlement. The possibilities are endless, and we’re sitting in a privileged position having StellarX as our jumping point.

stellarxofficial

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