Liquidchain Network

AMA ANNOUNCEMENT ROUND 2

AMA has started. Please read all the rules before proceeding.

1. We will start the AMA session and users can ask any questions related to the project and team.
2. A time period of 1 hour will be given for the users to ask questions.
3. While asking questions, check if your question has already been asked by some other person or not. Don’t repeat the same question, else we will tag you with the same answers.
4. Use double slash // before your text, so we will be knowing this is from AMA questions needs to be answered. For example:
// What is EVM?

5. Once time period is over we will close the group for some time and in that period we will answer to all of your questions and queries.

Winners
We will select 5 best questions from the community and award them with 200 XLC each.

NOTE
These are the most common questions, so we will be answering this right now, please don’t ask this same question over again in AMA.

1. Is team doxxed or KYCed?
No, we are not doxxed yet and never intend to do so. Our target is to make this chain decentralized so on later stages regular users can take part in the Validator program. Our faces will not bring value, but progress of each day will do. If we do go doxxed, complete our roadmap and leave then still this project will become 0. So our hard work will bring success with your support here.

Also, our 90M supply has been locked, which is publicly visible. So we don’t have any intension for doing rug-pull or pulling same kind of stunts here. Plus this is not a useless token project, but a whole blockchain like Ethereum, BSC, Fantom.

This doesn’t mean we will not do KYC and those things. Consider Binance wants to list us, and they want to do KYC for the team, then obviously we will do KYC with them confidentially to get ourselves listed (in any CEX, whoever listing us for free). But team info will not be showing in the public as for some core members of the team, crypto is banned in their region.

2. What about auditing smart contracts and chains?
Our Chain is a forked from Go-Ethereum and codes are available with genesis file in GitHub. All the EVM chains are Go-Ethereum fork, everyone uses it as the base of their chain including BSC, Fantom, Polygon. So auditing that means auditing Ethereum. Feel free to get ourselves audited if you like. But we don’t have a big amount of money to pay for chain audit, it costs 40-60k for Certik. And no one does chain audits for Go-Ethereum based chains (why would they?). Neither the team can dump XLC coins as it's locked, nor they plan to dump if Certik do audit for free and become our partners. To reach that level, we will work hard.

About our smart contracts, Our codes are available in GitHub and have been verified in all the chains where ever we exist. We have forked only those contracts which are 100% audited, and you can compare our deployed codes with them. We as a team challenge any devs around us to find any kind of rugpull bugs in our code. And if you are an investor, please feel free to get our codes audit if you like. We will give you every single details for those codes and source too. We have nothing to hide here. But surely in later stages we will get our contracts audited using development XLC coins, which are locked for now.

3. Why is XLC supply in BSC changing?
We have a Bridge running between our chain and BSC. If someone sends XLC from Liquidchain Mainnet to BSC, then his XLC gets locked in Liquidchain Mainnet and the same amount of wrapped XLC token is minted on BSC. Sending XLC from BSC to Liquidchain Mainnet burns XLC on BSC and sends to the user in Liquidchain Mainnet. So supply in BSC can increase / decrease according to the bridge usage.

4. How many coins are locked?
90M coins have been locked and time for unlock can be seen in our locker. The rest 10M is out, in which 5.5M+ has been distributed to presale buyers. 1M has been locked in PCS liquidity for 6 months. And 1M has been allocated for farm in BSC. 2.5M approx is remaining

2.03K viewsedited 14:03