GenX presents: QuickX from A to Z – The Interview from Oct. 20th 2019

GenX presents: QuickX from A to Z – The Interview from Oct. 20th 2019


Hello from Dubai and welcome to a very
special video with very special
gentlemen coming all the way from New
Delhi India. Let me quickly introduce
myself. My name is Thomas or Tom Schmitz,
I am almost fifty years young, I am married, I
have three kids, a couple of pets and for
the past 30+ years I was building
professional Network-, Affiliate- or Sales-
organizations across the globe and since
like nine years I’m involved in the
largest Cashback-Portal on this planet.
And here we were looking for new payment
solutions, for global debit cards, for
even an opportunity for our customers as
well as our business associates to pay
in crypto for their membership fee or for
their packages if they want – and even to
offer a crypto pay-out – again if they
want. And here I got in touch like in March
this year with a company called QUICK X
and this company could offer exactly
our needs as they did in the past for
several companies, merchants and suppliers
all over the world. And I’m proud to say
today that just recently I got appointed
as a member of the advisory board for
marketing support along with great
people such as Jorge Sebastiao which is
the CTO of Huawei or John Dalli
the former finance minister of Malta.
And today those gentlemen are here in Dubai
– the place I used to live for the past
almost 10 years – so I took the chance to
invite them to an interview because
there’s so much happening behind the
scenes. They just launched amazing
products and new tech stuff and I’m quite
sure that not only you guys being part
of the QuickX community but also thousands
of people around the world want to know
about..: this fancy new world’s first
SMART MINING WATCH, about Bitcoin
lightening transactions, about the
probably best exchange (crypto exchange)
coming alive called “CNexchange” and so
much more things. So without further delay let
me say hello to
– Dr. Vaibhav Adhlakha as well Dr. Kshitij
Adhlakha (COO and CEO of QuickX) welcome
to Dubai, glad to have you here and yes –
one more time thanks for taking the time
and maybe it’s a good idea to give the
audience a bit of a background of you.
I mean you’re quite young still and what
you have achieved in the past is
outstanding. So maybe if both of you give
us a quick idea on how you stepped from
“Secugenius” your first big company –
achieving award after award after award –
and I heard just recently again you became
“company of the year” – how you get from
there to the blockchain industry. Let’s
just start that way, okay? Okay – I started
my career in cyber security in 2010 and
2010 was a very early stage and people
did not speak about security at all. We
saw this thing that Internet is booming
and the Internet boom there are going to
be a lot of cyber crimes also happening.
And there is a need to provide
cybersecurity. Initially in two to three
years nobody believed that cyber
security is going to exist as a very big
field and by the time people started
realizing the importance of cyber
security we were somewhere already at a
great level. And while working on cyber
security
we as ‘technicpreneurs’ know always see what is
going to happen in the future. In 2016-17
we heard something called Bitcoin and
blockchain and my team started working
on researching. We did a good research on
what blockchain is, how blockchain can
be used in real life and what are the real
implication of blockchain. We figured out
that there are certain problems with
blockchain as a technology which needs to be
fixed. So after a deep and extensive
research for more than one and a half
year we came up with the idea of
“QuickX Protocol”. This is how we entered
into the blockchain industry. So I come from a
finance background and you know as a
finance expert we see that what’s
changing so how the method of payment is
changing and we see that
cryptocurrencies are
going to be the future of the payments.
And that’s when in 2017 I approach
Kshitij and because he had a like very
good experience and the tech company. I
said that okay see you know the finance
system is getting changed and this is
something is going to be the future and
we have to work on it. That’s how we
started with Quick X. The real motive
is to have the day-to-day transactions
into the cryptos. Okay, super thank you
so much and if we kick start this
interview – you just mentioned QuickX Protocol
– that’s what the world started
talking about especially in 2018 when
you were one of the very few ICO’s who
made it. You even sold it out in no
time and I remember the first thing I
got along as part of your roadmap as
part was the products you involved and
brought to the market was this slimmest
and most securest hardware wallet which I am using
since that time only.
Maybe you can share a bit to
the audience what does it really mean
and why it is so successful all over the
world that people love to use it? Okay, so
we have this. It’s the world’s slimmest
and most easy to use hardware wallet which
we have. So generally people want to keep
their cryptocurrency secure and it is
not very much feasible to have the
hardware devices they can carry and just
having this device they can just carry
it in the pocket and they can use it
whenever they want. And moreover you can
use this Hardware wallet just by using
your cell phone. You don’t need a laptop
to use this wallet. That what makes this
wallet unique from all of the wallets in
this world. And moreover you can add any
custom token, any ERC20 custom
token with this wallet that covers
96% of the cryptocurrencies apart from
other blockchains which this Wallet already have.
Wow 96% that that’s huge.
The second thing, of course, which you
brought to the market is this payment
gateway which basically was the reason
we got in touch. Because this was exactly
what our company was looking for. Give us
an idea about this payment gateway.
What it is as of now. It is available. It
is live. People can adopt it to their
online and offline shopping. Give us some
light to it. Ok, yes the payment
gateway is completely
live and this Payment-Gateway is not a
Solution only for QuickX and
Products related to what we are bringing
in the Market. This is a global solution.
Let’s say if you come up with your own
token Name, ‘Tom-Token’. Using
QuickX Payment-Gateway, you can start
accepting ‘Tom-Token’ in less than one
hour. It is very easy to implement and
thousands of different Crypto-Companies
can use QuickX Payment-Gateway
instantly and start accepting their own
tokens. So this is something we have
already built. It is already ready and
what makes QuickX Payment-Gateway
different from any other Payment-Gateways
available in the market is: We do not
only have the Token-Input-Facility, we
also have a Token-Payout-Facility. Let’s
take an example: You are paying in
tokens to hundred Employees. So you
need not pay everybody a single
Transaction. Just with a single click
one hundred people will be paid using
QuickX Payment-Gateway. Ok, yes sounds
good and I know this is working -that’s the
good news and I heard that even in
some countries or in the future it’s
possible even to have the vendor or the
merchants receiving fiat money even
so he got paid in crypto. What is
this situation here. So right now a
Payment-Gateway is in the C2C format
which is Crypto-to-Crypto format. All these vendors
with the E-Commerce websites who want to
accept the cryptos – they can just get the
cryptos right now. But in the future we
do have plans to come up with this Fiat-Gateway
as well. So that vendor who has
just customers paying the cryptos and
the vendors giving the fiat against
the cryptos. So this is something which we
will be coming up in the future where we
will be getting the licenses.
Ok cool. So we have the slimmest, sexiest
most securest Hardware-Wallet: QuickX Touch.
We have this Payment-Gateway. We
just recently launched -or- you just
recently launched the
QuickX-Wallet for IOS and Android. Again
coming with features, nobody else has. Tell me.
Ok, yes, we recently launched
our Android and IOS-Wallet with the
features nobody has it. This is the
wallet which is there. The best part
about this wallet is – you can have
thousands of ERC20-Tokens within this
wallet. Not only this. It comes up with a
very beautiful feature which makes it
different from any other wallet in the
world. That is a “Three-Factor-Authentication”
Three? Yes. Not two? It’s a
“Three-Factor-Authentication. How
does that “Three-FactorAuthentication”
works. Now, if there are two partners
working in an organization, they are
using a common wallet. So if i am a
partner, he is a Partner, we are using the
common wallet.
We have set up a limit of – let’s take an
example – 0.1 BTC. Ok. I have added him as
my Co-Signer
when i am trying to make a transaction
more than 0.1 BTC, he will be getting a
notification on his wallet. It doesn’t
matter in which part of the world he is.
He will be getting a notification, that I
am going to make a transaction more than
0.1 BTC
If he approves the transaction then only
the transaction will be processed.
So it makes this wallet different from any
other wallets, right now in the world. So
there is the well known Google-Authenticator
plus this additional one. Is it like that?
No, it is not like a Google-Authentication.
It’s like a – you can say – a
“Three-Factor-Authentication” what we have
given it a name and it works like a
Multi-Signature-Wallet. Ah Ok, like in a bank
you know, if you have Co-Signatures – is it
like that? Just exactly like that
and I cannot even have just one, I can
add even two Co-Signers. I can add him as a
Co-Signer and I can add you as a Co-Signer.
Cool. So let’s let’s say my wife will get
my first level kind of Google-Authenticator .. and
I’m used to it. You know? I don’t need Google
anymore being married because my wife knows
everything. Let’s talk about the next
product which is making the people
freaking out. We just had a few weeks
ago here this Nlockchain-Event, this
Crypto-Event where you guys were
introducing the world’s first Crypto-Mining-Watch
and I don’t know if you
really realized what you did there.
Because people are getting crazy. They
cannot wait to get their hands on. I still
go with the old Apple one but I see you
guys already have
the Crypto-Watch I’m talking about. A
watch which not only gives you all the
features a regular Smart-Watch, luxury
Smart-Watch is giving the people. But – it
earns you money if you are working out,
if you’re walking, if you do sports.
Unbelievable.
I guess you should spend a minute more
to show the people and tell
the people what it means to have this
piece of wearable, luxury, earning TECH on
your wrist. So this watch – which I’m
currently wearing right now – this is the Mining-Watch
and this can be a replacement of
your Cell-Phone as well. Because you can
even insert the SIM-Card. That comes up
with a very High-Quality-Camera,
8 Megapixel Camera. Video and photos? Exactly.
You can even record the videos. And even
you can take the photographs and even
you can take that photographs as your
Dial. Watch-Face?
Yes, Watch-Face, you can think that as it is your
dial and when we were working on this, we
decided that we don’t want to just give
out the QuickX (QCX) as well as the CNEX
Token. So we should also give out other
tokens as well as BTC.
So people who are burning calories
they won’t be just getting the QuickX
and the CNEX, they will be even
getting the BTC and other tokens as a
reward. So just a moment: You mean if this
perfect shaped belly will get into an
even better shape by doing some sports I
can earn Bitcoins with my watch?
Absolutely. I even -you know- so I use
it while swimming, even while you’re just
doing the treadmill even if you’re playing
basketball, even ping-pong, you can
just make money out of it. You can just
get Bitcoins, QuickX, CNEX and other
tokens as well. It’s unbelievable. Let’s
talk about numbers. I mean this sounds
like a watch for a couple of thousand
Dollar. Because it earns me anyway
overtime back. What are the numbers? How to
get it? When to get it? I guess people
needs to know this. So it comes up in
these two models. One is the Mining-Watch
which comes up for $799
and the other one is Mining-Watch-Pro
which comes for $999 and
that can be purchased from the web of
1st of November on the QuickX-Website
and that will be against 100% QCX-Tokens.
So we are not accepting any BTC or other
Fiat-Currencies. So the payment can be
made only in the QCX-Tokens. November 1st?
November 1st. Yes. So it’s for – I mean you, I
guess, celebrating Diwali – but let’s talk
about the Western-World: Christmas is
just around the corner. It will arrive
just in time, right? Exactly. So they would
be able to preorder from the November
1st.
The most important question probably in
this Interview today is: Why on earth your
Marketing-Advisor still is running
around with the Apple-Watch and you guys
have the good ones? When it’s my turn?
Okay, we will talk afterwards. I heard
that your Market-Makers “Crypto Advise”
even have special deals and even offer
this watch completely free of charge
as an additional -let’s say “Giveaway”- for
stakings or within incentives. So I
believe we will have hundreds and
thousands and hundreds of thousands of
people running around with this watch in no
time. So I still, I can’t wait, as I said
we need to talk about my one once we got
done here. Okay cool. So I really believe..
“Hello to my Wife” – I will do something. We have a
gym at home you know I’m just the
one who never used it. Anyway, guys let’s
catch up with the things you announced being
launched, still in 2019, which is the BTC
Lightening-Transaction as part of the
wallet as well the swap opportunity.
Swapping cryptos back and forward
without using any exchange. Give us some
ideas about that please. Yes, definitely.
We are launching BTC-Lightning in this
year itself and this is basically to
facilitate the micro transactions. Right
now, if I am paying somebody BTC worth $1
or $2, I have to pay fees approximately
near to $1 itself. So I won’t
giving anybody $1.00 in BTC because I
have to pay almost similar amount of
fees. With this Bitcoin Lighting-Transactions
the transaction is going to
happen from QuickX-Wallet itself
instantly and the cost is going to be
negligible in it.
It means next to zero? Next to zero cost
and we are launching
this “Lightning-Transactions” within this
year 2019. So you press the button on your
wallet – I will receive it? What does it mean?
In a second in two seconds in a
Minute or what is what I can expect here?
Within a second you will receive and
there will be very less fees, next to zero
involved in the transaction. And I will not
only can see it, it is available for me?
So I can forward it right away to Vaibhav
for example? Yes it is available for
spending also. So I send BTC to you.
Instantly you can use that BTC to send
it to Vaibhav. So it is going to happen
instantly within the wallet itself. So this
is a major part of the entire QuickX
Protocol, right? Which is already then
done within 2019?
Yes. So let’s say now you’ve sent me this
BTC in -let’s say- real-time. And this
gentleman wants to receive Ethereum. So
what is the swapping? Let me know
how this works without going to any
crazy exchange. In this year itself we
will be coming up with the instant
swapping as well. So on a very first
phase we will be coming up with these
swapping within the ERC20-Tokens.
That means, if you have QuickX as well
as CNEX and you want to convert
QuickX against CNEX – you can do it
instantly. And for the cross chain
transactions which is going to happen
between the QuickX and BTC, what we
are saying, that is also going to come
in the next quarter.
So in this year itself we will be coming
up with the ERC20-Swap-Options. Okay,
that’s amazing.
Before we talk about CNexchange,
which probably most people want to
know about, because this again comes with
features, not another single exchange is
going to offer – let’s quickly talk about
the Debit-Crypto-Card.
People are
waiting for it like crazy and I know you
are working behind the scenes 24 hours
to get a solution alive. A global
solution which will change again
everything. Give us a glimpse. Give the
community an idea, what they can expect,
when to expect. I definitely agree. We
launched our Crypto-Debit-Cards earlier
which were working globally completely
fine. People had done a lot of
transactions in different parts of the
world. But right now,
what we are working on is again a
global solution which we can provide to
the whole community. Not only this. I would
like to say one thing to the people: Even
if it is taking time to bring the global
solution, they can expect a country-wise
solution a little earlier. Okay cool. This, I
guess, the audience will love to
hear. Because this card, together with
the hardware wallet, are the cards we need
in our life nowadays. Let’s now get into
CNexchange. It’s again a very very
powerful, very successful ICO you
made with the partnership of
“Crypto-Advice” – your market makers – and I know
one, two, three of those features, which
even me – as a newbie into the crypto
world-, understand being very unique and
very helpful. But the question I receive
several times is: Why we need another
exchange? There are so many, some are quite
good. Why a next one? Why another one? Why
QuickX, with the entire tech team is
taking care of CNexchange? I totally
agree that there are many exchanges. And
why another exchange? Why this
CNexchange is different from other
exchanges? This is going to be a
complete community centric exchange for
the community and by the community. Along
with that, for any exchange, security is
one of the major concerns. We are taking
security very seriously being from a
cyber security background. Running a
company to cyber security from last ten
years, we have the experience to make sure
that we take care of the security of the
exchange in a very serious manner. Along
with this we are taking care of airdrops
and the forks. Generally, what we have
seen is, we are trusting on exchanges
putting our funds in the exchanges. If
there is a fork we do not get benefit
out of it. Only the exchange gets benefit
out of it. In this case, users are going
to get benefit out of it. Not only this.
We have many other features which makes
this exchange different from any other
exchange. Along with the buyback and burn
program. In this we are buying back 50%
of our tokens
back from the exchange in the coming years,
which will definitely going to reduce a
total circulating supply and we are
already working on increasing the
community. And it is going to be a
wonderful project. And we have
a complete separate team working on
CNexchange and a complete separate team
working on QuickX. So people might got
confused if we are working on CNexchange –
we are not focusing on QuickX as a
project. No it is not the case. There is a
separate team for QuickX and
separate team working on exchange right now.
That’s great. Let’s have a word about the multi
fiat thing. It’s again something people
getting crazy. So there will be during the
launch, during the Road-Map,
opportunity for the customers to pay
using their fiat money, their Dollars
Dirham, Euro and they even can bring it
back to the bank account after they
exchanged over there, right? Definitely
this is one of the major features of
our exchange, that is a MULTI-FIAT. It
is not going to be a live globally
solution instantly, but yes it in phase to
phase, country to country – yes people will
be able to buy cryptos though fiat
and get the money back into their bank
accounts by selling their cryptos in the
exchange. That is so amazing. What about
the liquidity? It’s also important. Because I
made myself the experience that not
always you can cash out the way you
want. If the exchange probably runs out
of Bitcoin, runs out of money at that
moment. So what is the situation here in
CNexchange? So we already have the liquidity
partners and we already have the master
decks in place who is providing us a
huge liquidity. To the numbers, that is
approximately 100 million dollars
liquidity in a day.
Yes. It should at least help
myself and probably few others. Right. Vaibhav,
what I also -honestly speaking-
really not only appreciate, but let’s say respect:
You know you have a huge community and
when it came to the ICO – I was part
of it, I was buying a lot – and I had to
be very fast. The first phase was sold
out in crazy six minutes. Second phase 48
hours and then you stopped
even after phase 3, while still token
were there. So all others are going to
collect collect collect the money but
you said okay we go into the project right
now. Why? Because we believe that
the funds which we had we will be able
to build the exchange with that funds. We
don’t need more funds to build the
project. And the parent company of
CNexchange is already a
well funded exchange – that’s why we said
that we don’t want to go for more phases.
So we stopped the sales and we just start
working on the project.
Okay, that makes sense and again: Cool. And
I think it gives the community always this
feeling you guys are far away from being
scammers. But you’re really legal at you are
thinking: Community First! And not probably
on your pocket which so many others
are doing. But there’s even more. Crypto Advice,
one of the market makers -the main market maker-
again was buying most of the
token to offer again staking programs
on their page on their
Crypto-Advice trading platform -let´s call
it this way. Where they even giving up to
six% monthly return on the tokens
which are going to be staked. That’s huge.
I mean if you compare this to
traditional banks. I just been here at
Emirates NBD and I was asking for
half a million deposit and they offer me 1,8%
per year. For half a million USD.
So this is huge but there’s more and I
guess why probably most people are
freaking out:
They can be a part of CNexchange. Not
only by holding some token, not only
by using it but even by earning by or
through holding those tokens. Please
share this. It’s your turn. Who is sharing
this? How you call it? Revenue
distribution? Partner-Program? Profit sharing?
This is really huge.
We call it the “Exchange-Partner-Program”,
where anybody can become a partner in
the exchange. Anybody who holds a hundred
thousand CNexchange tokens (CNEX) can become a
partner. And the best part is, we as the
exchange will be distributing 50%
of the revenues to the community.
And all these revenues will be
distributed to these partners. And the top
fifty holders of the CNexchange
tokens will be getting 20%
extra distributions. So fifty
percent in total? Correct. Thirty percent
by all having
hundred thousand token – which is as of now –
roughly $3,000 invest by a three cent token price.
Right? And another 20% for
the top 50? Correct. 20% is for the top 50.
This is a lot of money. I just recently saw a
report of all the top 20 exchanges of
the profit they’re doing. This is insane.
See whenever we see that there are
exchanges what they doing
absolutely well. But they are not sharing
the revenues with the token holders. So
it is our responsibility as an exchange.
If we say that we are building a
commnunity centric exchange, we have to
think about the community. That’s why we
are just distributing the 50% of the
revenues to the partners. That’s cool. But I
think you will not have too many friends
by the other exchange. This is really something
to talk about. I mean if I can just
by holding tokens. I get a share of it.
And I heard even free training for the
top 50 guys. Right? Yes you heard it
right. That the top 50 people token
holders will be having free trading
accounts. Apart from this, these 50 people will
be having the priority in purchasing the
IEO´s. That means, whenever there will be
an IEO in the exchange they don’t
have to wait for any lottery system so
definitely they we get the allocation. Okay
that’s cool. I would like to add one more
point here. One of the crazy and I
would say important feature of an
exchange is transparency.
CNexchange is going to make the list of the top
50 holders public after doing the proper
KYC´s. So people who are part of the
community, who are a part of
CNexchange, will be able to see that
these are the top 50 people, their
wallet-addresses and the number of tokens they
are holding. So there is no pumping and
dumping happening in the exchange. That´s
very good. So what I like here, you know, in this crypto
market it goes up down. What is it called? Volatility.
So you know in sales you always talk about
this win-win-win situation. So if I wrap
it up. We have this revenue sharing,
this partner program – which anyway
makes you money – because an exchange is
making profit. Then of course you have
the situation if you are staking with
your market makers, Crypto-Advice,
you can make up to 6% -kind of
guarantee- every single month paid in
CNEX token. Third piece is the price
itself. You just launched at Cointiger.
I heard there’s more exchanges lining up
to be released. The price as of now is
two, three, three and a half cent. So it’s nothing.
If you don’t mind.. If you
look into this ‘crystal-ball’ – where do you
see the CNEX token, probably by end of
this year and during 2020? Seeing the
current circulating supply, what I can
see is that it can easily touch the ten cents.
But I’m not saying that this is a
price commitment or this is a financial
advice. What I can see, seeing those
scenarios having the circulating supply,
I believe within this year it can easily
touch the ten cents. Okay. And next year?
You are the older one. You have to talk about it. Okay. See
definitely the price is going to be
decided by the community. I as an
individual or we as a company can not
manipulate the market. It’s a
decentralized world. It is entirely a
demand and supply concept. We are working
on building a world-class-exchange. We
are working on getting more and more
community, use this exchange and the
utility of the token is going to get
started in the very first day when the
exchange is live. Where people can use
this token for trading in the exchange,
use this token for buying the IEO´s and
many other utilities inside the exchange
itself. So it is you or the community who
can better tell us what the price is
going to be. Yes. It’s right. And if you ask
me by my little knowledge but if I just
put it all together. I can use them right
now to buy this amazing watch. I can use
it in order to become a part of this
partner program. I can use it like you
said once it is live to buy other project´s –
even under priority if I one of the top
50 guys. You are launching after one
month of Cointiger several others, which
comes along with community. Then we have
Crypto-Advice offering this insane
kind of up to 6 % per month.
Which means, the
community will grow like crazy. The demand
will grow like crazy so if you would ask
me this question I would say I can see
clearly even 50 cent $1 – but I liked it
the way you do it. To be very
conservative and very fair to the market.
Everybody has to do their own due diligence.
But I believe the smart ones,
watching this video today, can probably
imagine what’s going to happen.
I’m really happy that you’ve been
with us today. I know we have to meet
quite soon again because you gave me a
glimpse what’s happening behind the
scenes already. What kind of super
cooperations, strategic partnerships, more
usability as well for QCX
as well as for CNEX is going to happen.
And yeah, it’s like usual. It’s a pleasure
to meet the ‘Moustache-Magic-Gentlemen’ from
entire QuickX-Community, the market makers –
India,from QuickX. So on behalf of the
chance to get the latest updates and I
Thank you so much for giving us a
can´t wait to see you somewhere around
the world on the next Road-Shows and one
more time thanks for having me as your
marketing advisor. Doctores, a pleasure
Shukria, Vaibhav, thank you so much good
luck guys and make sure to learn
more about QCX and CNEX. Get in
touch with the one who shared this video
with you. He will give you all the
missing details. Thank you so much and bye
from Dubai. Ciao

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