BUILD THE FUTURE WITH XMAX

Blockchain Entertainment Developer Ecosystem

Please explain the idea of your project and which real-life problems it can solve?

Blockchain Built to Support Entertainment and Gaming Applications

Our project will enable entertainment and gaming developers to easily put their ideas on a blockchain without learning complex programming languages. Blockchain SDK for Simplified Development

Our team will provide a blockchain with multi-consensus sidechains (users choose an independent consensus mechanism for each sidechain) as a scaling solution for entertainment DApps. This customizable model is a change from the one-size-fits-all approach which was typically the only choice with early blockchains. Once a user uses XMax to create a sidechain, they can access a JavaScript-based SDK to build their blockchain applications. This SDK will include:

• Smart-contract templates;
• Game engine;
• Multimedia plugins;
• Integrations for important system DApps such as a blockchain wallet;

Problem Solved: User Rights & Item Ownership

By simplifying blockchain development, we can allow game developers to have a more direct relationship with their users. Users will also gain the benefit of being able to trade freely and truly own their items. In a sense, content creators will also have more control over their work as they can interact with users directly via their applications and smart contracts without working through a centrally controlled platform.

Problem Solved: Why can’t we have Blockchain as a Service?

Currently, blockchain programming and even smart-contract languages such as solidity form a barrier to entry for many developers. Just as a many cloud service providers have found ways to simplify the hosting process for other companies, we plan to simplify blockchain deployment. By allowing users to choose different consensus methods for sidechains and develop on the mainchain without using low-level C++ code, we hope to provide a customizable solution for launching blockchain applications. This should allow for the growth of new industries, new applications and introduce a new generation of users to blockchain technology.

Problem Solved: Limited Scalability & Interoperability

Our sidechains are designed to operate with third-party blockchains and could help DApps scale on blockchains outside of the XMax Ecosystem.

Token Economy - How will tokens be used and why will people need your tokens?

It’s very rare to find something that is truly free. (Some may even argue there is nothing that is free) Someone always has to pay the cost and blockchains are no exception. With XMax we will offer a basic level of service for free, however as an application, a user, or a developer exceeds these free service levels, they will need to use XMX tokens to:

• Become a Service Node (Provide services to the Blockchain including transaction processing and user authentication);
• Pay Transaction fees (Allows data to flow between sidechains and the mainchain);
• Provide a Guarantee when creating custom tokens

Will your CODE be available on GitHub and will your project be Opensource?

Much of our code is already available on GitHub (https://github.com/XMaxPlatform/) currently the blockchain portion of our project will be open source. As well many of the features within the SDK will be open-sourced. If there is an item which is not open source this will be announced to the community before its public release.

How long have you work on the project and how long has the team worked together?

Many of the pieces of the project were in development before the project came together in late 2017. The project was privately introduced to institutional investors in March of 2018. As well XMax was publically showcased at the World Blockchain Conference in April of 2018. Some of the team members have known each other through contacts in their respective industries of gaming and entertainment for years. However, most of the team has been brought together in the past nine months in the process of working on the XMax project.

How many developers are working on the code?

Our core development team has about ten programmers, most are experienced C++ developers and have worked on large game engine projects, compilers, and virtual machines. There are also JavaScript and Java programmers for UI development and APP deployments.

Roadmap Questions, what's going on?

What’s the current progress?

We have the base structure for our sidechains on GitHub and are testing on a testnet internally. We have a game engine developed by our tech lead which is being integrated and will be available after the launch of the mainchain. Our Blockchain wallet is currently packaged as a test App and being tested internally. Mainchain development is being posted to GitHub.

Are you ahead or behind schedule?

It depends, we are behind schedule if we go according to our earliest roadmap. Our team tried out different blockchain solutions at the beginning including graphene. So development sometimes takes us down new roads. Currently, we are on schedule with our Roadmap (https://github.com/XMaxPlatform/xmax-mainchain/blob/master/docs/RoadMap.md) we normally point our community to this roadmap on GitHub as its directly maintained by our tech team. We are proud of their current progress and hope to showcase progress on the blockchain wallet soon.

Do you have exact results which can be shown as a success?

We have a blockchain wallet as well as the sidechain framework in testing. We hope to make these publically available soon. Much of the development, however, is openly available on GitHub.

Which problems have you bumped up in your job on the Project?

Security issues are a big concern, with decentralized code you need to make sure code is well tested, and these can be difficult to solve. Many of the existing blockchains we tested such as graphene did not meet the needs of our project, and it takes time to pivot from one approach to another and research new ways of working with data.

If during the job you are bumping up with insurmountable obstacles, what will you do? Do you have Plan B?

First, we don’t want to say that any obstacle is insurmountable. You can always find a way; however, when an approach requires too many resources or time, we try to step back and see if there is a simpler way of doing things that we can adopt. Or maybe just a different approach that can meet the same end goal. An example would be if we currently cannot easily raise TPS to a necessary level without lowering the security of the mainchain to an unacceptable level, then maybe we could package the information from the sidechains differently and allow for information to be recorded in later blocks, while still supporting the normal operation of decentralized applications.

How do you plan to acquire a large userbase and encourage them to use your product instead of centralized competitors?

Education, Education, Education

And a set of easy to use blockchain tools to support an easy to set up sidechain framework. If we can make development as simple as possible with system services and a simple smart-contract engine, and help establish a few great DApps at the start of the ecosystem, then we believe that it will go a long way towards the end goal of creating an “App Store” like user experience for the next generation of blockchain users.

How do you plan to organize interactions with your main investors (VC)? Will the VCs control your RoadMap or weekly updates, for example, or help to organize some other daily operations? (not in a financial or investment-focused sense)

Many of our VCs are based in Asia, so a big part of our outreach is to publish frequent updates on the progress of the project and organizing events to allow them to meet with our team and share their concerns. We sincerely value the input of our investors and working to provide the best project possible for them, our team and the global community. Many of the events we host are published in our Medium Blog (https://medium.com/xmax-galaxy-network). Since many of our investors speak Chinese, we also do our best to support a Chinese language community on social media.

What do you personally think of the development of the total Cryptomarket?

We think it’s “crazy” in every sense of the word (both good and bad), but it’s interesting, and it’s great to be part of the process. Let’s define “crazy”:

1. It’s interesting to see how the cryptomarkets are constantly changing. The pace of change in this global industry is incredibly fast, from both finance and conceptual viewpoint.
2. It’s been great see a maturation process; we feel that in the early stages and to some extent even now, blockchain is the wild west of technology. In the future, as we see more regulation and greater adoption, we should also see more advanced projects, usable products, and stronger teams.
3. The potential is incredible, most of the time people focus on the applications that are obvious today. One example is how Bitcoin can be used as a decentralized store of value. However, where things get exciting is in the future. Blockchain technology could power ideas like those presented in the movie “Ready Player One” where the gap between reliably converting virtual assets and digital assets is bridged. It will be interesting to see how blockchain responds to advances in networking technology and other changes which could help it surpass its current limitations

In your opinion, how will ETHEREUM develop and what is their future?

We believe that ETHEREUM is a great mix of functionality, security, and speed for our current industry. At the very least we haven’t seen another blockchain support such a variety of projects or applications on the same scale yet. If the Ethereum foundation continues to advance their technology and expand the potential of their chain, it has a bright future. We would like to see more solutions to simplify development on Ethereum and also work on scalability. However, we believe Ethereum and other developers will answer these questions in time.

Which Blockchain is the most promising and why do you think so?

Ethereum is as good a choice as any, even though we know there will be many who dislike Ethereum. The foundation has built a large community and has helped popularize smart-contract development. The size of the Ethereum community compared to other blockchains shows that often it’s not just technology, but timing and the ability to build a user base that determines success.

Will there be many Blockchains, one or two blockchains, or only One dominant blockchain in the Future?

We likely will have differently specialized blockchains as it’s very difficult to design a one-size-fits-all solution. However, there is another topic related to scalability that comes to mind when talking about competing blockchains and that’s interoperability. There are solutions (such as XMax sidechains) that focus on connecting different blockchains. So we don’t necessarily need to view a blockchain as an isolated ecosystem.

Which features of the project are the most important to being successful from a long-term point-of-view?

• Easy to deploy blockchain Framework
• Simple to use Developer Tools
• Great user experience and initial set of DApps
• Education, education, education

Which changes do you think will happen in the next three to five years in the everyday lives of normal people?

We may see a restructuring of certain industries including finance and organizational management systems. There is a concept that has become a buzzword in many blockchain circles, DAO (Decentralized Autonomous Organization), in some ways it may be as important as consensus is currently to blockchains. Incorporating DAO governance into modern life could bring about many changes in a variety of industries.

What changes will advances in Crypto and Blockchain bring to the lives of ordinary people?

• Simplified payment systems
• Increased security in property ownership (especially important for economically distressed regions)
• More Transparent Transactions (Better Games)
• Automated Markets (Potentially more equitable) for Buying and Selling Pretty Much Anything
• Systems for controlling access to Data (Big changes the Medical Records Industry)
• IoT device networks pooling together data on transparent global databases

What's missing in the Cryptoindustry for big money to come from the largest investors (like Buffet, Wall Street and so on) all over the world?

This is an idea we’ve heard from our investor community; it can be summed up with the word “regulation.” The idea being that just like any other industry once we open a dialogue with the regions within which we operate, projects, investors and people as a whole will benefit. Once there is a sense of stability and steady development of usable products we believe more institutional investors will get involved.

What's missing in Cryptoindustry for the total acceptance of all people in the world?

Education, many people hear about cryptocurrency for the first time in relation to the wrong types of transactions. We need to find ways to explain cryptocurrency in very easy-to-understand terms to a wider group of people. It’s time to break down the misconceptions and bridge the knowledge gap to allow for the nurturing of goodwill towards the crypto and blockchain industry as well as a buildup of social credit. We also need to teach people about the benefits and real applications for blockchain technology, beyond just the potential for financial gain.

What should happen with Cryptoproducts for them to be widely used across the world?

• Simple UI – Make downloading a DApp as easy as visiting a website in a browser
• Less Hassle to Trade – Need single step or simplified processes to transact in crypto
• Make Admin Tasks Simple – In areas where it is taxed – offer solutions to deal with tax administration to each individual. (Coinbase has already started doing this)
• Develop more Fun Game & Useful DApps

Don’t you think that current project HardCaps are too high?

Depends on what the project wants to accomplish and how much funding they want to raise. We don’t think any project needs to raise more than 100 million dollars to accomplish their goals. However, when talking about this, we need to specify amounts and project goals.

What is a realistic CAP for most projects?

Again we feel this depends on the project. Blockchain developers are not cheap, and most projects raise their funding in cryptocurrency. So beyond just the amount, another important aspect to consider in blockchain projects is financial management. A team with experienced financial managers and business development specialists can accomplish much more with a limited budget than a better funded but poorly managed project. We believe it’s reasonable to raise enough funds to operate a project for two years.