ACS Community X IBAX Network AMA Summary
Date: 06 April 2022
Host: ACS Community
Guest: Gianluca M
ACS Community : Could you please introduce yourselves guys, your Position in the Team?
Gianluca M : I am in charge of Ibax's marketing operations. This means that I am the person responsible
for AMAs, communications with the outside world, such as the VCs and CEXs who will list IBXC after we
have moved to the main net.
We are currently running on a testnet, this means that everythins could be tested but we are not
You are really early on this project!
ACS Community : Could you please introduce IBAX to the Community?
Gianluca M : IBAX is the infrastructure of the blockchain that aims to build a digital ecosystem based on
the development of integrated applications.
It includes multi-level permission systems for managing access rights to data interfaces and smart
contracts. Our BaaS（Blockchain as a Service）Weaver provide
IBAX‘s vision is to create an open underlying blockchain infrastructure that is secure, simple, efficient
and compatible with a wide variety of applanations
IBAX’s TPS (transactions per second) is 3000 and we are continuously improving it, if you are familiar
with BTC it has only 7 TPS and ETH has less than 25 TPS. But this does not prevent them from becoming
the world’s most successful digital currency and enterprise blockchain. POW has many benefits but
efficiency is not one of them to much computing power was wasted in the mining process so we
introduce the DpoA method，It greatly improved the TPS without sacrifice the decentralization.
That’s great, let me say
ACS Community : What is IBAX consensus mechanisms?
Gianluca M : this is a focus question, thank you very much
Because we are really “different” from other blockchains
Speaking of computing power monopoly in BTC and Ethereum IBAX DPoA is the best solution.
IBAX built a new consensus mechanism called Decentralize Proof of Authority aka DpoA.
It’s very efficient fast safe and without sacrifice the decentralization.
IBAX built a new consensus mechanism called Decentralize Proof of Authority aka DpoA.
It’s very efficient, fast and safe
ACS Community : Recently IBAX launched an “Eco-Token Payment Method”. Can you explain what it is
and why it was necessary create this method?
Gianluca M : The IBAX Eco-Token Payment Method is an advanced payment method developed by the
IBAX network to meet current business scenarios, allowing users within the ecosystem to pay for gas
fees using only ecosystem tokens rather than IBXC (IBAX coins).
In the case of creating an ecosystem and enabling the Eco-Token Payment Method, the user’s call
contract fee or gas fee within the ecosystem can be paid by the designated account of the ecosystem
creator, and all fees can be settled entirely in ecosystem tokens at a certain percentage, eventually the
designated account pays the gas fee on behalf of the user in the IBAX network.
IBAX Eco-Token Payment Method allows eco-developers to focus more on building their own
ecosystems and reduces users’ reliance on the underlying blockchain, thus significantly lowering the
barrier to participation.
In a few lines, IBAX allows you to run your own blockchain world, without knowing how to code and at
an extremely low fees
ACS Community : IBAX has a strong community? What initiatives have you carried out to make the
Gianluca M : I ask, if possible, to share all our social links
about the questions
in the last quarter of 2021, we launched our first airdrop, that allowed us to reach thousands people
in Q1 2022 we are going to liquidate the participant
Now, we have launched a new initiative
If you go to our website, we have a new incentive program
here you can participate to the new IBAX Ranking System to gain coins
our community is from early investors, as well as developers and supporters from our airdrops
ACS Community : Question from: @Ronju22 Most of investor just focus on the price of token in short
term instead of real value of project. Can you (as Steady State Team) tell us the motivation and benefits
for investors to long term?
Gianluca M : At this stage, the token is not listed, so you are really early on this project. We have a clear
roadmap, and we are on-time on all our plans! IBAX is not a clone-token, but a real blockchain network,
a real project, that comes from experience and long-time vision!
ACS Community : Question from: @MustakAhmed3
Can you tell us about your team members? Are they qualified and professional in their fields? What are
the recruiting qualifications for team members for your extraordinary project?
Gianluca M : Thank you for this questions!
Sure, we put our faces on!
You can check by yourself the team on our website: everyone has his own skills that can be verified
lets go on our website: https://ibax.io/
ACS Community : Question from: @Kayesh94249823
What are the core features of IBAX Network? How are you different and unique all other projects
Gianluca M : These are our core concept: • A great reduction of blockchain application cost • An
independently build physical ecosystem • Quick deployment of distributed servers, development
and applicationenvironments • A diversified DApp Store and BaaS functionality • Actual service
response in seconds • Cross-chain and cross-system data interaction • A new infrastructure network
integrating public, alliance, and private chains • A customizable consensus mechanism • Separation
of front end and back end to meet various encryption needs • Zero access and usage threshold
Also, check this
ACS Community : Question from: @Ross06137005
Do you have any big promotion going on or any event? What are your roadmap plans for upcoming
Gianluca M : Sure! Check it at ibax.io Currently we have two ways to earn IBXC: A. Join Developer
Community and submitting ideas/bug/issues B. Join IBAX User Community and finish tasks or refer users
As well as every day we launch an AMA and you can win up to 100 IBXC: check our website and our
If possible, share our channels
since it’s mandatory to follow us on twitter and telegram in order to take their prize
ACS Community : Last question Twitter:
What is the structure of this project , is it decentralised or a open sourced protocol where everybody
can contribute? If so, how does the governance plan on being handled?
Gianluca M : IBAX aims to provide a truly self-governed, decentralized, fair, and transparent DAO for
the market. While ensuring decentralization of the organization, we fully hand over the management
duties and responsibilities to the public.
The voting, publicity, implementation, and all other aspects of the organization will be jointly managed
and voted by the participants. For any decision, the smart contract within the DAO will be automatically
executed as per the organization’s consensus reached through voting based on the program settings.
After voting, no one can interfere with the execution of the contract. This process is irreversible.
DAO allows for better self-governance for community members. As long as voting rules and valid
conditions are set, the DAO will always operate in accordance with everyone’s common agreement.
It is quite simple and easy to build a DAO in IBAX Network. Every ecoLib is a DAO
Question 1 : Does IBAX network great project support staking program? If yes. how is IBAX network
stake system work, what is the requirement for user if they want to stake in your platform?
Gianluca M : Yes we have a NFT Mining Feature for all users
Users can first buy/participate in airdrops to get IBXC and then join NFT Mining to get IBXC and in return
they will get IBXC.
Question 2 : Do you have a whitepaper? ‘if Yes, please share it with us and secondly are you working to
AUDIT your IBAX Project, to make its Security more secure and reliable?
Gianluca M : https://t.me/CryptoUnitedG/41656
Sure we have, I’ll send you here
Question 3 : Can you explain to us more describely about IBAX Ranking system? How can I participate
and can I redeem then for real IBAX token? ………. … . . .. . …. ……..
Gianluca M : so, if you ask that, you have checked our website! Thank you, that's why I choose you
question! You can participate on our website, just logging in with a Twitter account. After, you can
associate your wallet and start earning just following steps like retweet, share and stuffs like that.
Question 4 : Where can I currently buy Token?��
Gianluca M : IBAX is not currently listed on any exchange. You should wait Q3 2022 in order to sell the
100IBXC you just won ��
Question 5 : Can you give an overview of your Tokenomics, and the UTILITY of Token?
Gianluca M : thank you for this question about IBAX coin :-) $IBXC is the native utility coin of IBAX
Network it is used for: — Pay fees for processing transactions. — Mining by staking IBXC on the network. -
Governance voting to determine how to allocate network resources. — Pay other business or ecosystem
Gianluca M : I think I've done
ACS Community : Thank you so much. I really appreciate you spending your valuable time with us today
Gianluca M : my pleasure