Neurai AMA — 002
Before we start, I will make a small set of usual questions:
- We are anonymous: Due to our jobs, especially my colleagues, it is not possible to reveal our identity. We are not famous or anything, nor have we been involved in other projects, it is just because of the job. For all exchanges, we had to undergo severe KYC, they don’t let you list without KYC. To create the company, there will be an identity, of course.
- The company: We are creating the company to be able to make deals in the real world, it is useless to be X person from a project, nobody is interested in that. On the other hand, it allows us to focus on what we want to do and we can easily hire workers.
- If there is a company, does anonymity end?: Partly yes, of course.
- When will the company be made?: We have spoken with our lawyers about this and it will take between 45 and 60 days. Why so long? Because part of the team lives in Spain.
- Where are you from?: Spain and Portugal, but we have some developers whose origin we don’t know, we just pay for service.
- When whitepaper?: We continue to have problems with the person who handles the AI to finalize the part developed by him and the reason is that he has a family problem and it is out of our reach. We are looking for someone to replace what he was going to do.
- What are we doing?: Right now, the creation of the company, the documentation of learning about ESP32 and other documentation, better technical documentation on the web, a developer to have our own mobile wallet and we have contacted several, the development of our prototype and the hackathon.
- Any upcoming event?: In theory, on the 11th there will be a voice AMA with the people of gate where I will speak in Spanish. I say in theory because I have Covid and I don’t know if I should delay it a few days, we will keep you informed.
- Why a new exchange and no development?: The donation is because the next big listing is very expensive and we do not have as many XNA coins as we would like. We have set a long time because we really don’t want it to be right now, we want to have the company formalized, the whitepaper and some good initial documentation.
- FUD about the project everywhere: Making FUD is easy, you make a relationship of a price drop along with something negative and you already have FUD. There is FUD about Bitcoin, about Tesla, about Linux, about whatever you want and to avoid being emotionally carried away, one must do what one should always do: investigate for oneself and look for solid arguments. If we wanted to scam everyone, when it was listed on MEXC we would have run away, we wouldn’t use part of our earnings to appear on another exchange and make a company and still be here.
Yesterday i report someone that sent an address claiming to be for donation. And its left there for couple of hours. Whats the plan for having more mods to help and guide the community when others are away?
We will be adding to it gradually. It is impossible to act so quickly, but remember to report it and we will see it sooner.
Will XNA have it’s own decentralised search engine like Google and internet like Starlink?
Our idea is that the network will be autonomous once we have made the necessary changes to the network: more speed per block, Smart Contracts, perhaps another algorithm, 0-conf, etc. This will take time, but it is on our roadmap. It is not possible to have an autonomous satellite network, because someone has to put a satellite in space. What matters is something like the internet, where if someone blocks a window, we have another one to go out.
Is there any news about when the US-Canada stock exchange will open? Can you give us a date?
A tip for the future, when we know a date of whatever it is, we will say it, we will not hide it and answer only if we are asked.
And what do you mean by new algorithm
We will explore it in the future, an ASIC-resistant and GPU-friendly algorithm. For now it is not a priority, but we have it in mind.
Can we make the website and logo more vibrant and flashy?
We will be changing the web site to add documentation, but we like a sober and informative web site. If it is changed it is to incorporate more information. The logo has to be much better to change it and if it is changed, we would hire a company to do it. For now it is not a priority, but it could be changed as an event of a big change in the project and thus make a renovation.
Can you tag the xna wallets of the exchanges we have listed. They scare investors by saying that the first 10 wallets belong to you.
This is very complicated. CoinEx, which is the largest wallet, changes its address every so often, Xeggex does the same. MEXC also changes addresses and Gate I have not been looking at it, but it will be similar. Almost all the big wallets are exchanges because they usually make big groups, it is only necessary to see in the explorer how the transactions behave inside.
About us being the top10 addresses, I have no way to prove that they are not ours, but if you know how a UTXO blockchain works and analyze the movements, you will have an answer in a few seconds.
You are not doing enough advertising. There are declines in stock exchange listings. MEXC stock exchange is suppressing coins in futures. Why don’t you intervene in this?
We believe in a free market where people should establish the value of things. If the price falls, it is because people do not want to pay a higher price, nothing else. On the contrary, they are willing to pay more.
With gate we will have several future events like the AMA coming up soon.
Asimov is your real name its seems Russian?
My nickname comes from Isaac Asimov, a great writer of hard science fiction, more philosophical than science, who elaborates good ideas about what the robotics of the future will be like. Highly recommended reading, although it is a hard read because there is a lot of philosophy inside.
Any information about Ledger integration?
There are fud that most of the top 100 (except the exchange wallets) wallets are from the team and therefore people don’t understand why we need a donation for a exchange, can you explain the wallet part?
Can we add future events in Coinmarketcal like exchange listing and so. Because it’s used by many crypto investors.
- Ledger: not yet, we are working with dev about better code
Coinmarketcal: I check it out, it looks interesting and I was unaware of it. - Top100: Answered before.
- Donation: We don’t have as many coins as people think, we mined at the beginning and sold few. The GM tries to sell us a part to cover expenses without changing prices (micro-sales). Right now there are 10bl coins mined and if the community wants to enter an exchange, they can contribute to it. If they don’t want to, they don’t have to. The choice is yours, we will try to put the USDT part if possible.
What makes me think is that we say there is no VC like xna kaspa, one of these community projects, but the founders of these coins bought millions of coins in the beginning. Could they probably sell millions of xna in the future?
As I have answered before, we don’t have as many coins as people think and VCs usually want large amounts. Plus we would be a bit caught up in the needs of a VC. If a company really comes along that wants to invest in us, it is preferable to have a related company as we are going to create and invest in it by splitting the company’s stake, for example.
How many are in your team now? Can your team is capable to work like big company does? Do you use agile in working the development? Please tell us how do you execute the development in order to dont have delays in our roadmap
I think this is answered in our first AMA and we are not a large company, which would mean more than 1000 workers which we obviously do not have.
Could you explain how do you plan to arrange a partnership with the satellite companny, and how do you plan to integrate it into XNA?
I will try to answer this as clearly as possible. To make a collaboration with any company, be it a satellite company, a transport company, a manufacturing company, etc., you need to have a company. We can’t establish a collaboration by being project people, it doesn’t work like that.
By this I mean that a series of steps are necessary:
1. Create a company: We are in this process.
2. Prepare a testing device: We are in this process.
3. Test reduced distance LoRa connections.
4. Request to the company to rent bandwidth and do experiments with their satellite >>> This is the point where you all ask when we will arrive and it is necessary to pass the previous ones first.
5. 5. Launch a non-stationary satellite of our own: It is possible to launch our own satellite (+$200k)
There were very few posts about the Gate listing. Do you have a plan for marketing or more professional social media management?
With Gate we have a number of promotional events pending that have not yet been finalized. Where we will spend on marketing will be when we have the prototype and the company ready, to give interviews, tech events, blockchain events. We are not going to pay people who put posts on twitter and at most we can do some event like a contest.
Another example is Onekey. The unit has a price, but we to make it cheaper for you will make each purchase come with $10-$15$ in coins as a gift to make the purchase cheaper. This is a cost, but it is a more efficient way to promote the device than paying twitter celebrities.
I have a question regarding the project code, when I take a look at the different project repo in github there are not a lot of pull requests, updates.
Do you consider that there is no more need for news of developments for the moment?
What we have in Github is code modified by us for the start of the project. We have quite a few servers running Neurai code that nobody sees, but it allows the network to function properly due to the flow of requests.
For the project code, there will be a different Github and it will be related to our deocumentation project.
Do you have anything to do with the komodo team?
No, but their wallet is open source and allows to incorporate other currencies if you update code in their github. We did it, we added a special electrumx server and it allows us to be in their mobile, web and desktop wallet. It also has a DEX which for the future will be very important.
I’ve seen a suggestion from one of the holders, which I think is good, whether xna could show the top 1,000 holding addresses, not just the top 100, which I think is a good suggestion.
I can look into it, but it might be a very large resource drain on the server because I would have to be looking for the first 1000 wallets. I will check with Satolight who manages the browsers.
Why do we send coins to exchanges instead of USDT? This situation creates selling pressure on the stock markets.
I will try to explain how a listing works: an exchange like MEXC charges in USDT and XNA. If you have read our comments in the past, you will see that we don’t ask for USDT because the founders pay this part and the XNA payment is done with the donation.
If you look at the donation address you will see that there is a date where Gate’s and MEXC’s part is sent. This is done by us because we have control of that wallet, but we do not sell anything or similar.
Having a team in Spain, why don’t you contact bet2me to list it for you?
I know two workers from there and when we have our company, we will make some partnership with them to charge in crypto for services we are going to offer. The listing could be, I don’t know their conditions.
Why don’t they change the mining algorithm to a more efficient one, such as the RXD algorithm?
A very efficient algorithm may mean that it is possible to mine it with ASICs and that is something we don’t want.
XNA has listed on Gateio 10 days ago. Also we have Mexc for about 1.5 months. And now a donation was created for a new big exchange. In the donation page it says “Kucoin or similar”.
Does XNA need a new big exhange “news” right now? Or would it be better to wait some time for adapting the markets after mexc & newly gateio listing? Isn’t it too fast to declare a new exhange donation after 10 days since Gateio listing?
If you look at the donations, we set a high donation time because we believe it will take time to reach the goal. If we were able to reach the goal in one week, we would still have to talk to the exchanges and set up the necessary agreements and it would take at least 40 days to list.
Also is it really good or professional to specify directly as “Kucoin or similar” ?
It is an act of transparency. If you have been with us for any length of time you will know that we did this with MEXC and Gate. I think it’s good that people know where they are going to send their donation and it’s not something mysterious.
3. Can’t we wait to list XNA on other big exchanges themselves (not with paying listing fee) thanks to gain trust about being a good project with developing the project and produce somethings. Like after company foundation, making partnerhsips or a production of a prototype.
Our idea is that the next big listing will go after the creation of the company, which can take up to 60 days (Spain is horrible to create a company) and have our prototype.
What if we did not meet 50M donations for new exchange listing within the given period?
Then we would extend it in time. I hope we will arrive at the appointed time, the coins will not be lost.
When we started the donation for MEXC, we thought we would use everything for the MEXC listing, but the price increase benefited us and so we took the opportunity to list in Gate. Because Gate gave us a very big discount if we listed in December and I think we were right to take advantage of it even though it has not been reflected in the price.
But being on two major exchanges protects us from something happening to one of them and this is very important. Remember what happened with txbit and coinex.
You are interested in what you have done or will do, but many people are interested in the price. I think the market volume should reach 200 million dollars in order to attract everyone’s attention. Don’t you have a market volume in mind?
We can only work as well as possible on the project and people must set the price in a free market. Almost all coins try to make the price very high with very low inflation and we think it should be otherwise to benefit the initial investors or miners. This is done by having a large initial inflation and a large reduction thereafter so that there are more coins in circulation in this first year of the project.
When you type “top 10 POW currencies” into Google, most of the websites you click on do not list XNA. What is the reason for this? You can check it too.
You will have to ask Google SEO.
Can we see the first 1000 accounts instead of the first 100? Or are you thinking of creating a website in etherscan style?
We will look into it, but we have already answered that it can be complicated for the server to handle so many requests to the database.
Wil there be XNA smart contract someday?
Sure, we answered it above. Right now it is possible to have simple smart contracts and even if you don’t know it, a tx is a type of smart contract. I understand that you are asking about complex SCs and the answer is yes, with a big code modification that there will be in the future.
What are you developing: LoRa Concentrator/Gateway or LoRa EndNodes?
Right now, we are creating prototypes of IoT devices that have certain special features to connect to Neurai and perform operations with the blockchain. LoRa is a type of communication, like Wi-Fi, and is used to link two or more points with a low error rate over a long distance, such as connecting to a satellite. We will manufacture different types of open-hardware equipment with free design that will be related to the project.
Are you planning to create a new LoRa network from scratch and/or pay for some already existing service and/or use the opensource LoRa network?
No, we want to focus on real issues, and creating what is already created is not useful and would be pointless. The LoRa network is large and OpenSource. We would like to collaborate with them in the future. As we explained earlier, we want to conduct tests with a LoRa satellite and see to what extent it is possible to make these connections with our network. This implies making a commercial agreement.
What is your vision for the LoRa network? Let me explain: Do you want to use the LoRa network to collect data from IoT devices and then validate it with the blockchain or/and use LoRa to access the blockchain without the need for an Internet connection? So blockchain transactions without Internet?
The LoRa network has a very low data transfer rate; it is not for transmitting data massively. It will be possible to send messages from an external environment to the Internet to control these devices, but not for sending data massively. The IoT devices manage the reception of information through their sensors and will be the devices themselves that determine what they want to do with it. We can also use concentrators that unify these IoT devices locally for this connectivity and have greater power for AI management.
Would it be possible to know more about the AI side of the project?
Where would it be implemented? On LoRa Gateways (such as a simple algorithm to parse data) or on the server side (renting computer time for XNA)?
Right now, the project seems more like an IoT coin than an AI coin.
The AI part will start with the analysis of information from the IoT devices themselves, and Neurai’s blockchain allows for establishing authenticity controls of this information. This enables us and others to know that the information is accurate. In the future, we would like to explore a consensus algorithm that allows two types of PoW. One usual for achieving chain consensus and another algorithm that allows the use of GPU power for AI operations needed by the network itself. As it is a decentralized network, these requests will have to be accompanied by a payment, either by the network itself or by those who request the use of this component. For now, it is something that would be for a code change in the future.
Thanks to the community for the questions asked and hopefully many doubts have been solved. From time to time we will try to do an AMA so that the community can ask us questions about the project.
