Martin Colon is the founder, chairman and CEO of one of the most promising and ambitious projects in the crypto space.
As the crypto world explodes with new initiatives, one project stands head, shoulders and torso above the rest. Buxxx is a remarkable new platform that offers all of the benefits of fiat and crypto, with none of the downsides. Inferno catches up with Martin Colon, the visionary genius who launched the company – slated to be the next unicorn in the crypto space.
— Can you, in a nutshell, summarise what Buxxx is all about?
— Sure. It’s pretty simple really. We’re creating a crypto platform to bank the world’s unbanked. The project is a Bitcoin- and Ethereum-killer that integrates a stablecoin as its native token. As demand increases the value of this network token will rise exponentially. We have a unique master-masternode network structure that offers all of the advantages of a fully centralised approach while maintaining the peer-to-peer properties of a ‘first generation’ coin like Bitcoin, enabling massive throughput and unlimited scaling.
— So this is a stablecoin, pegged 1:1 with the dollar – but you claim that the price will increase with demand. How is this possible?
— This will be achieved thanks to some innovative zero-knowledge cryptography and our coin’s unique master-masternode network.
— I see. Can you tell us more about the master-masternode structure?
— Masternode coins have proven very popular in the crypto community, so we wanted to adopt this approach. But we figured we could go one better: master-masternodes. In the same way that masternodes delegate certain functions in a network to specific nodes, master-masternodes centralise the functions of masternodes – offering all of the benefits of centralisation within a decentralised network.
— Moving on, how will you go about your core proposition of ‘banking the unbanked’?
— We are planning to establish partnerships with major tech companies, such as Facebook, Amazon, Google and others. We aim to start that process in Q3 of this year – though we’ve already informally started it by making a Friend request to Mark Zuckerberg and following @jack.
— That sounds great! So at what stage is the project currently – MVP, beta, working network?
— Right now we’re at the planning stage. We’re working on the white paper, which is an important part of any crypto project. We’ve been researching some of the best technologies in the space and have written over 500 words so far, so we hope to be finished very soon.
— How are you going to fund the project? VC money, an IEO, a Foundation share of mining rewards?
— All of the above. Our plan is to sell 5% of the company pre-launch to VC, plus run an IEO on Binance. We don’t need much to get started – probably $100 million would be enough to get us out of the gate. After that, we’ll be sustained by a 50% share of mining rewards – paid to our company master-masternodes – and revenues from business partnerships. To clarify: there will be absolutely no pre-mine.
— That makes sense. How many people are currently in your team, including developers and marketing?
— Aside from me, we have already had several expressions of interest from valued members of the crypto community. If anyone is interested in joining our dynamic team, you can get in touch with your CV – but be warned, it’s going to be very competitive!
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