Cubiex AMA Recap

Cubiex AMA Recap

CryptoDiffer team

Let’s CryptoDiffer x Cubiex AMA get started!

We are glad to meet here 

Pierre Chahine (@PierreChahine), Founder & CEO at Cubiex

Let`s start from the first introduction question:

Q1: Can you introduce yourself to the community? What is your background and how did you join Cubiex?

Pierre Chahine
CEO

Yes sure! My name is Pierre Chahine, I am 33 years old and from Germany. My professional background is: I’ve been a banker since 2008 – but also a very passionate gamer since 1999. Since 2018 I founded Cubiex eSports alongside our Co-Founders to start working in the eSports and gaming scene and make my passion my occupation.

CryptoDiffer team

Q2: Can you briefly describe what is Cubiex in 3-5 sentences?  What technology stands behind Cubiex and why it’s better than the existing one?

 

Pierre Chahine
CEO

Cubiex is a next-generation tokenized social network for eSports & gaming enthusiasts, with the vision to connect gamers on a global basis in an ecosystem with features such as: Rewarded content creation, eSports & crypto league, P2P matchmaking, Livestreaming & virtual ingame items trading.

www.cubiex.com is a gaming application that integrated Binance Chains BEP2 technology and issued all its 150m tokens in 2019 according to that on Binance Chain and got listed on Binance DEX.

 

CryptoDiffer team

Q3: What are the major milestones you have achieved so far?

Pierre Chahine
CEO

Thanks for this question! During the past 2 years we have completed and achieved many of our milestones, starting with a pen and a piece of paper drawing the first ideas about the Cubiex eSports gaming ecosystem until having finally completed and delivered the first version of our platform, here are some of the major milestones:

2018 – First MVP LayOut Design 

2018 – First Frontend Demo MVP 

2018 – First Seedround succesfully completed

2019 – Migrated as one of the early projects to Binance Chain and hosted a fully regulatory compliant tokensale on Binance DEX – the worldwide second IDO – completing our public sale and funraising campaign

2019 – Release of our Beta Social Network

2019 – Release of our Beta Livestreaming application

2019 – Cubiex eSports V 1.0 platform release and payments integration

 

Cryptodiffer Community

Project refereum such as CUBIEX. How is Cubiex’s performance better than Refereum? And why is CUBIEX better than other competitors?

 

Pierre Chahine
CEO

We believe that the complete ecosystem of Cubiex eSports offers a much wider variety and can become the “Go-To-Place” for gamers in the future. Whether it is about content creation, p2p livestreaming, trading your favourite virtual ingame items, or challenging other gamers of tokens – the Cubiex gaming ecosystem will offer much more then current platforms, eliminating the need for gamers to use up to 6 different platforms, while being innovative and trending by implemting blockchain technology and virtual assets.

 

Cryptodiffer Community

Will Cubiex have a plan to sign contract or have an agreement with ESL/PGL/Blast to sponsor an Esport Tournament that uses CBIX token as rewards in the near future? 

In some countries in Asia like India, Viet Nam, gaming industry has a huge proportion in the distribution of economy. So, how do you think about the potential of Cubiex in this area?

Pierre Chahine
CEO

Yes – we do have plans to sign contracts with major tournament organizers and also have been in direct contact with some of their respective CEOs. Talks are ongoing and we are looking forward to announce a potential collaboration in the near future. 

Content creation in general opens the doors for mass users, while P2P Livestreaming in general is a phenomenon that might not necessarily compliment the nature of every gamer. While writing an article and publishing it on your timeline opens the opportunity for anyone to earn through content creation, P2P livestreaming obviously requires a lot more public appearances and a certain “giving up” of anonymity. By having both features integrated we believe we can serve a broad number of users the opportunity to participate and earn

 

Cryptodiffer Community

Viewers or time of # Why China players is not able participate on the platform? considering that they are a big community with good players. How the Livestreams will be pay? in based of Likes, viewers or time of transmission??

Pierre Chahine
CEO

In general if you launch a product like the Cubiex ecosystem, regulation plays a certain role as well. Not every product or business model can be launched in every country. In come countries for example social networking platforms need a special permission from the goverments to operate, but also from a startup perspective it makes the most sense to start your business in a local area, for example in europe, before trying to expand and grow too fast on an international basis.

Cryptodiffer Community

Q1.What is the Major problems are in Real life which Cubiex Project  is trying to solve or Solving ?

Q2. Explain How & whats the importance of Blockchain in Cubiex project??

Pierre Chahine
CEO

The biggest problem we are trying to solve is to basically allow gamers to connect with other gamers on a global basis, but still through targeted local searches ( social connectivity ) – the other major real life problem we are trying to solve is incentivization – meaning enabling the average gamer at home to earn an income with their passion, without having to hope for a professional career, which is very rare and seldom.

 

Cryptodiffer Community

Q. Can you explain the Premium account that you will sell and your overall revenue model? And 

Q2: Do users have KYC to participate in the content creation process? if yes Why do you want users to need to use KYC for the platform?

Pierre Chahine
CEO

a) Premium accounts will enable users to eliminate transactional fees and enable more prominent and rich features within our ecosystem

b) Generally our revenue model is based on premium accounts, transactional comissions as well as sponsor / ad revenues in the long run.

Cryptodiffer Community

What’s Cubiex target market at this time? What phase of the project is Cubiex at and what major milestones do you want to achieve by end of 2020

What is big innovation from CBIX to play a role in the future of blockchain technology in real life ?

Pierre Chahine
CEO

Currently we have already released our V1.0 platform which you can test at www.cubiex.com and got listed on Binance DEX. Right now the next two major milestones are integrating the Cubiex.Market into V1.0 ( Q1 2020 planned ) as well as P2P Matchmaking in Q2 2020 while refining the front end of our platform this summer. Once our product is entirely “completed” we are opening a bigger marketing campaign for user acquisition.

 

Cryptodiffer Community

Q.1  Currently, awareness is the most challenging work for every new project like you should have users to use your platform, so what’re cubiex plans toward attracting users to use cubiex platform? 

Q.2  As a trader I would like to know about cubiex token could you explain if cubiex platform gets mass adoption so how it will affect positively to cubiex token in the long term? in short what’s major utility you think of cubiex token in cubiex platform?

Pierre Chahine
CEO

Currently Cubiex eSports already has hundreds of different user accounts, allthough we are still under development and didnt do any marketing to our target user base yet, since we prefer to finish our entire product and its features before opening and presenting it to a broader audience. Therefore we have been in touch with several influencers to start promotions later this year.

 

Cryptodiffer Community

What is the $Cbix token usage on the ecosystem or at the platform ?

And How do you believe that gaming platform still worth it on Crypto space?

Pierre Chahine
CEO

Cubiex BEP2 tokens ( CBIX ) are utility tokens that grant users access to the Cubiex eSports gaming ecosysten on www.cubiex.com – With depositing CBIX BEP2 users receive Power and can use their power for donations to other P2P Livestreamers or purchases of ingame items in the future. The internal Power token is also the token thats being given away for content creation, with the property of reconversion into CBIX BEP2 tokens. 

I believe that gaming will be a major driver for adoption of digitial assets. Its been one of the earliest communities to actually play around with virtual items, assets, digital currencies.

The Cubiex Gaming Ecosystem does not offer any gambling services, and especially not for money. In general Cubiex will offer the possibility for gamers to challenge each other and test their skills, that differs very much from “gambling” in a legal sense.

 

Cryptodiffer Community

Are there any new partnerships and interesting upcoming use-cases?

Pierre Chahine
CEO

Yes – we just announced that Cubiex eSports will integrate PayPal as a Fiat Gateway to purchase CBIX BEP2 tokens and retrieve Cubiex Power. We will implement this feature by the end of Q2 2020 – achieving and opening another major milestone to drive further adoption.

Cryptodiffer Community

I congratulate you and the community on the cooperation of paypal. Will there be a future purchase option with visa / MasterCard?

Pierre Chahine
CEO

We are looking into a pure credit card option yes – right now with PayPal this is theoretically already possible for european customers once we set the function of paypal public. However in important key markets like turkey we might simply switch to a credit card purchase option for CBIX BEP2 / Cubiex Power, as PayPal doesnt work there.

Cryptodiffer Community

Does Cubiex have any surprises prepared for its users?.. What events does Cubiex want to provide for its users in the future?

Pierre Chahine
CEO

We are looking into organizing our own CS:GO world champion chips in the long run – once we become big enough and top ten teams join our invitation hopefully. 😊

Cryptodiffer Community

Does Cubiex feel pressure from this on the race of global payment solutions?

Pierre Chahine
CEO

I wouldnt call it pressure necessarily, just supply and “demand” – meaning if users like to have an easy purchase procedure to acquire CBIX BEP2 – then its our job to provide such a gateway / bridge for them. Thats why we made the decision to integrate one of the most established payment processors ( who is having a banking license as well if I am not mistaken ) in order to ensure smooth transactions and fast processing times.

Cryptodiffer Community

Can you list 2-3 killer features of CUbiex’s that makes it ahead of its competitors?

Why convert a project to BEP-2? Why does it give Cubiex advantages?

Pierre Chahine
CEO

Certainly the upcoming P2P Matchmaking within the CryptoBattleChallenger – meaning gamers can stake tokens and challenge each other and fight for the prizepool. To this point during the past 20 years such features had been hardly developed by anybody at all – not even to mention the monetization aspect to it.

Cryptodiffer Community

You organized an AMA session very rewarding and received a lot of questions related to utilities and technology, future vision, …

 So now I want to ask what do you want to receive from the community?

Pierre Chahine
CEO

This is a great question! The community has given us so much trust, support, contribution, feedback and loyal support! Especially the CryptoDiffer community during 2019. In general the best thing a community can do, especially during bear markets or “hard times” in crypto is to support a project and stand behind them in the long run. I personally believe that patience & building is one of the key factors, its not always about who is first, the fastest, but who actually has the breath to survive a marathon, because thats what life and also business is. We’ve seen many projects disappear, or not deliver, just looking for the short term gains, and thats not our approach.

Cryptodiffer Community

What are the advantages of your transition to Binance Chain and Binance DEX? What has enabled you in terms of transaction speed, development, growth opportunities and branding it has added to your ecosystem?

How important is Binance DEX to the development of your project?

Is Cubiex Power still in development? What features will be added at this stage?

Pierre Chahine
CEO

There were several advantages. In general we had been in touch with Binance Chain since march 2019 already, before finally making the decision to migrate to Binance Chain and Binance DEX in June / July 2019. 

Generally speaking the transactional speed, the “easy-to-use” solution for dapps to issue tokens, send in listing proposals and access the Binance ecosystem in general have been the most convincing factors all around. Having hold the worldwide second IDO ( normal public sale with KYC and AML checks ) gave us an incredible advantage that we could leverage and complete our fundraising campaign, which enables us to continue working and developing our vision. 

Since then I have founded the Binance Chain Alliance ( www.bepalliance.com ) where we invited all project founders and CEOs from all Binance DEX listed projects such as ( Matic, Pledgecamp, Ferrum Network ) and many more. Its a place and organization where founders and CEOs exchange networks, partnerships, help and support each other to continue building the crypto space together.

Pierre Chahine
CEO

Thanks so much for having us @SkakunSkakunSkakun and @makscryptodiffer ! 🙏🏻😃👍

 

Cryptodiffer TEAM

Thanks a lot for your time and great answers! 

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