Gate.io AMA with TREX20
Time: Apr 8th, 2024, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Rangjung,Co-Founder of TREX20, in the Gate.io Exchange Community.
Official Website: https://trex20.xyz/
Twitter: https://twitter.com/trex20_official
Follow TREX20 on Telegram and Twitter
Q1: Can you please introduce yourself to community members?
Rangjung: Hello, I am Rangjung here from TREX20. TREX20 is leading a revolution in GameFi by leveraging the Bitcoin Protocol, offering multiple games, an NFTFi Marketplace for borrowing, lending, and trading NFTs, along with a progressive lotto, all within a single platform. I am one of the co-founder and the marketing lead for the project. Excited to be here today with the gate community.
Q2: What is the primary reason for choosing the BRC20 token standard for TREX20?
Rangjung: For TREX20 BRC20 tokens have been chosen primarily for their enhanced security features derived from the Bitcoin blockchain. This standard leverages the robustness and well-established security infrastructure of Bitcoin, ensuring a high level of integrity and protection for the tokens and associated data.With the added benefit of having good liquidity on the Bitcoin network.
As a first mover in the BRC20 GameFi sector, TREX20 is positioned to seize opportunities presented by the nascent market. The platform aims to establish brand recognition and market dominance early on, leveraging the accelerating growth trajectory of the BRC20 space.
The BRC20 space is witnessing rapid expansion driven by unprecedented innovation, signaling an accelerating growth trajectory. This expanding user base presents a significant opportunity for TREX20 to attract players and enthusiasts seeking engaging gaming experiences on the blockchain.
Q3: What distinguishes TREX Game Zone’s approach to gaming on the BRC20 blockchain?
Rangjung: TREX Game Zone sets itself apart by introducing a Gameboy-like and arcade kind of game on the BRC20 blockchain eco. This innovative approach combines the familiarity and appeal of traditional gaming experiences with the benefits of blockchain technology, offering users an entertaining and engaging gaming experience.
By leveraging the BRC20 blockchain, TREX Game Zone ensures enhanced security, transparency, and decentralization, providing players with a unique and immersive gaming environment that sets a new standard for BRC20 GameFi. The interesting part of our TREX game zone is that it can be used as a community engagement tool, not just for our community but also for other communities as well.
TREX20 also has a unique set of NFT collections, which are playable games inscribed on the bitcoin network thus forming a one-of-a-kind NFT collection on ordinal inion. We also have a revenue sharing model for the playable game inion holder which adds an additional layer of utility to the collection.
Q4: How does the TX20 native token facilitate transactions and interactions within the TREX eco?
Rangjung: The TREX20 native token, TX20, serves as the primary currency within the TREX eco, facilitating transactions and interactions across various games and activities. Users can deposit TX20 tokens into the TREX Vault directly on the Bitcoin Network via their wallet, enabling seamless utilization within the eco without incurring gas fees.
This streamlined process enhances user experience and accessibility, encouraging participation and engagement within the TREX platform. The Token utility ranges from tournament fees and reward, wager fees and reward, lotto fees and reward, DAO governance, leaderboard reward, ad revenues, platform fees and for staking and LP.
Q5: How does NFTFi redefine NFT utilities within the Bitcoin eco, and what opportunities does it provide for users, especially in the context of the TREX20 Lotto’s features such as the weekly draw, progressive jackpot, and community free draw?
Rangjung: NFTFi revolutionizes NFT utilities within the Bitcoin eco by enabling users to collateralize NFTs for borrowing and lending, unlocking new opportunities for passive income generation and asset utilization.
Through NFTFi, users can leverage their NFTs as collateral to access funds or earn interest by lending them to others. This innovative approach expands the utility of NFTs beyond traditional ownership, providing users with additional avenues for value creation and financial empowerment within the TREX eco.
That’s about NFTFi.
And as for the TREX20 Lotto, it offers various features designed to enhance user engagement and excitement within the community.
The weekly draw provides regular opportunities for participants to purchase tickets and win prizes, with the frequency of draws adding a consistent element of excitement and anticipation.
The progressive jackpot incentivizes participation by continuously growing the prize pool, offering the potential for substantial winnings.
Additionally, the community free draw fosters collaboration and engagement among participants, rewarding collective efforts with the opportunity to participate in a free lotto draw, further enhancing the sense of community and inclusivity within the TREX eco.
Q6: Can you talk about the partnership and backers for TREX20?
Rangjung: We have gathered a strong lineup of supporters, collaborators, and influencers.
Noteworthy among our initial backers are TripleGem Capital and Oddiyana Ventures, who also serve as advisors. Our backers include Marshland, Moonrock Capital, Nxgen, x21, Nabais Capital, Fundland Capital, and several others.
Joining us for our IDO launch are partners like Seedify, Poolz, Alex Labs, Finceptor, and Orangedex.
Moreover, we’ve established partnerships with Minlayer, Unisat, BVM, Photon, and Orbital7.
In addition, we’re proud to be working alongside influential figures such as Alcoindaily, Ivenon Tech, Crypto Banter, Mario Nawfal, Satoshi Stacker, Brian D. Evans, and many more.
