Auxilium AMA Recap : Cryptoscreen Community

19 min readAug 15, 2020

Auxilium AMA Recap : Cryptoscreen Community

Earlier today the Auxilium team joined the Cryptoscreen Community Telegram to connect with the community and answer any questions they had relating to Auxilium mission, tech, progress on our journey so far, recent updates and our plans moving forward. Anton Donker CO-Founder & CEO Auxilium took part in a particularly exciting AMA session which included introductions, questions from twitter, and a live AMA session with the Telegram community. If you missed the AMA live, have a read through this recap to gain some deeper insights into Auxilium, You also need to know that our AMA this time has a $100 prize in AUX Token.

INTRODUCTION

Guz Fahlev :

Hello welcome in our Community sir @asdaux 😊

Anton Donker :

Hi everyone! Glad to be here! :D

Very glad you guys invited me to represent Auxilium Global during this AMA. It seems like you have a very active and fun community.

Guz Fahlev :

before we go to the first session. I will ask a little about yourself😊

Anton Donker :

Sure thing, I’m an open book 😉

Guz Fahlev :

can you tell us about your background?

Anton Donker :

Like many cryptocurrency teams Auxilium Global consists of different members with different qualities. I’m the CEO and co-founder and got into crypto 4 years ago. As I’ve always been in business (started as a university student with my own company at the age of 20) I wanted to explore creating a cryptocurrency company. With this said: I don’t have a technical background myself. I’m an education expert from the Netherlands with a university master degree. Luckily we have a CTO with a lot of IT experience and others with blockchain expertise to do the technical stuff needed for the blockchain and network.

In the meanwhile I’ve got quite a lot of experience in the cryptocurrency market also, I’m a fast learner 😉.

Guz Fahlev :

thank you, hopefully this will be our motivation to be better in the future.😊

all right, we will start this AMA. and we will start from the first session. (Project introduction)

In this session I will give some questions, if you have finished answering , you can say "done".

Anton Donker :

Ok, understood. Let’s go, excited to begin! 😄

Guz Fahlev :

Here we go..

First Question

Could you explain us, What is Auxilium?

Anton Donker :

Auxilium itself is a blockchain and cryptocurrency coin created by the Auxilium Global company, which is fully registered under EU-law.

We’ve chosen the name Auxilium as a philanthropic business, because it means help/aid/support (it derives from the old Latin language) and we aim to support good causes in the long run.

We’re a cryptocurrency company offering a strong ecosystem focussing not only on technological innovation, but also socio-economic development. For more information about us you can go to our website.

Probably we'll dive into Auxilium and the technology during this AMA. If we didn't answer everything yet after all questions feel free to ask me any unresolved questions in the third round. This obviously counts for all future questions during the AMA. You can also join our telegram community for additional questions another day :)

Done 😉

Guz Fahlev :

Next question

What network does Auxilium use? what is the name of the Auxilium token? how much is the supply and where will it be allocated?

Anton Donker :

Auxilium utilises its own network, the Auxilium network.
The blockchain of Auxilium is therefore independent.
Auxilium doesn’t rely on a third party blockchain and network.

This also means Auxilium is not a token, but a coin. Other coins you’ll probably know are Bitcoin and Ethereum. Most of the cryptocurrencies on the market are tokens, which are basically smart contracts on another coins blockchain.

The ticker for Auxilium is AUX, the full coin name is Auxilium.

AUX has a total and maximum supply of 300,000,000 (300 million) coins, of which about 120,000,000 are in circulation. You can see the exact amount on our blockchain explorer (sorry could not add a link to this as Telegram is not allowing me).

From the start we allocated - of this 300 million - 80 million coins for our interest distribution platform, and 120 million for R&D. These are the basic numbers.

Done.

Guz Fahlev :

means for a system such as fee (gas). not related to other networks?

Anton Donker :

Was this an additional question, or a statement? :)

Guz Fahlev :

Additional Question

Anton Donker :

I'm not completely sure what you're asking, but I'll do my best to answer based on what I think you're asking.

The Auxilium network, like any other network, has transaction fees. These fees are commonly referred to as Gas. These transaction fees are not paid to any third party network, but remain in the Auxilium network. This means users and Auxilium Global as company do not need to pay another network to maintain services.

The gas is stored, and in a later stage we'll see how to recycle the gas within our ecosystem.

Guz Fahlev :

If i am an investor please explain what kind of profit i can get from Auxilium? to make me choose AUX to be my favorite Coin.

Anton Donker :

That's a cool question. I like it a lot, because there are so many advantages of becoming an AUX coin holder.

I think every investor would like to make money, see a return on investment.

The most important thing are the fundamentals in our opinion. You’re not looking for a pump and dump token, or a token that has not yet proven themselves.

Some facts about Auxilium that will be of importance for investors:

1. Auxilium PoA technology (increasing security, transaction speed, cost-efficiency, scalability and environmentally friendliness)
2. Auxilium Interest Distribution (AID) platform, up to 8% interest per annum
3. Smart Contracts
4. Solidity Programming language
5. Dapps
6. Support and creation of not-for-profit philanthropic projects and charities
7. AUX holder receive future tokens created on the Auxilium blockchain by the Auxilium Global team for FREE, example: AUX holders will receive 1 AUXL token for every 1 AUX they hold at the end of this year.
8. Auxilium is a fully functioning platform that is still undervalued
9. The team has a strong track record of nearly 3 years of solid development, all accomplished without conducting any funding rounds (e.g. IEO, ICO). We're holding IEO's soon which most likely will speed up development immensly. Sky is the limit!

Selesai.

Guz Fahlev :

Currently Aux is ready to trade, which exchanges are ready to trade Aux? and why the exchange? Isn’t it that an exchange that has a higher ranking will bring in more investors?

Anton Donker :

We’re listed on Mercatox exchange.
It’s a decent exchange that can be trusted in our opinion. We’ve been listed there for two years and have good connections with them.

We do however see the importance of exchange expansion, and specially listing on top cryptocurrency exchange. But - like you possibly know - they don't come cheap. Most top exchange ask 5 to 6 figure USD amounts for listing. Capital we don't have at this moment, because we never held an ICO, IEO or other type of funding round.

We’ll be holding an IEO on the Asian XT exchange on the 1st of September which is an exchange with higher volume and more liquidity. This is a mutual effort, without a fee for the IEO. XT exchange has high hopes for Auxilium and therefore has partnered with us.

We’re looking to expand by getting listed on bigger exchanges, and have a solid plan for this through the Auxilium Investment Fund which will be started with the IEO earnings.

Instead of directly spending all IEO earnings, we envision we can significantly increase the value of these earnings over the next months by creating a strong cryptocurrency portfolio consisting of 5–7 projects with a bullish short-midterm outlook. We’ll update the community about the balance of this investment portfolio on a monthly basis.

Our idea is to create a solid investment portfolio that will very likely within the next months to a year pay a (IEO and) listing fee on one of the worlds biggest cryptocurrency exchanges. We’re talking about the Nike and Adidas (for instance Bittrex and other exchanges with massive amounts of users worldwide) of cryptocurrency exchanges. We’ve already established contact with a few, and have passed preliminary assessment already. They like the Auxilium project a lot.

Selesai.

Guz Fahlev :

Last Question from this Session.

Explain what phase it is at this time in the road map? What are the targets that will be realized this year and in the future?

Anton Donker :

First of all I want to state we have a very different approach to the development than many other projects which makes it impossible to compare when it comes to roadmaps.

In order to create a mid- to longterm roadmap you need to have an idea what your funding looks like for your business.

Instead of asking people/investors money for a token through an ICO or IEO first, we decided to first develop and launch the Auxilium MainNet and create a real coin. Which we've done in 2018. After that we've worked on strong fundamentals like: technology, networking, business, legal, market research, etc.

Now we have everything in place- we've built the launchpad so to speak - we can launch the rocket. The rocket will be all use case ideas, IEO's, listings, etc.

We’ve got a lot of amazing stuff on the roadmap for 2020, like an IEO on XT exchange, a new token creation called AUXL and distribution of AUXL, IEO of this new token, pre-registration on our future Auxilium Loyalty platform, the start of building this platform, creation of the Auxilium investment fund, Whitepaper of AUXL, Airdrop and referrals of AUXL, and more.

We’ve created a publication recently that will give you an even better idea what the roadmap looks like, and how we will proceed after 2020 (this will of course depend on how well the IEO's go and how large the investment fund becomes).

We'll launch a long term roadmap after the IEO of AUX and IEO of AUXL token (I'm sure you'll ask more about the AUXL token later)

Selesai.

TWITTER QUESTION

Question 1:

What ecosystems and layers does Auxilium have? Please explain

Anton Donker :

The ground layer will be Auxilium Global, the philanthropic cryptocurrency company registered under EU-law.

This company - Auxilium Global - has created the Auxilium blockchain, which includes the Auxilium (AUX) coin. The blockchain and coin have a lot of similarities to Ethereum, with the difference that we’ve customized some aspects to make it for instance more secure, scalable, fast, and environmentally friendly. Also we’ve built the Auxilium Interest Distribution platform to offer each AUX coin holder up to 8% interest per annum; without any additional required user actions.

The ecosystem will be expanded through Auxilium Global creating use case platform, like the Auxilium Loyalty Platform which require a unique token. These tokens, together with the AUX coin, will power the ecosystem.

We’ll also aim to expand the ecosystem to inform developers about creating their own smart contracts and/or tokens on our blockchain. Like said before: we can do everything Ethereum can do (and more).

Through the Auxilium Investment Fund we’ll increase our financial position to help expansion on the cryptocurrency exchange listing, marketing, etc. front.

Question 2:

what is the difference between AUX and AUXL and what is the use for token holders? and what is the purpose of Auxilium launching the AUXL token?

Anton Donker :

Like explained in the previous question tokens are extra layers within the ecosystem. Tokens offer extra functionality, because of the extra programming done within the smart contracts. Because Auxilium has its own blockchain the possibilities are endless.

Let's use the Auxilium Loyalty platform as example to show the difference between AUX and AUXL

Holding Auxilium as the mother coin of our blockchain will give you access to the Auxilium Loyalty Platform. The more AUX you hold the higher the membership level, and the more options a user has on the platform and outside of the platform (shops, gyms, etc.). The AUXL token will work perfectly on the Loyalty Platform to incentivize and reward people for utilizing the platform (joining referrals, performing tasks, giving reviews, etc.). It will also be linked to the marketplace where people can use the AUXL to get large discounts on and/or free products and content.

Everyone holding at least 1,000 AUX will receive 1 AUXL for every 1 AUX. That’s one of the gifts we give people for being an AUX holder. In case of the AUXL token you'll need to hold at least 1,000 AUX before 1st October 2020.

Question 3:

What are the advantages of using Proof of Authority instead of PoW or PoS? What is the difference and why is Proof of Authority more profitable? Thank you!

Anton Donker :

Auxilium has the same solidity programming language and functionality as Ethereum (i.e. smart contract, dApp and token creation). However, it has many advantages over Ethereum, as it's not the same!

Unlike most cryptocurrencies, Auxilium’s unique block validation system makes it highly unlikely to fall victim to 51% attacks.

Because Auxilium doesn’t mine or stake [PoA doesn't mine like PoW or stake like PoS] it uses very little energy making it most environmentally friendly.

Fast and low-fee transactions (as low as 0.000000018 AUX/tx) are possible because of the low blocktime (9.6 s) and cost-effective independent network. This also increases ease of scalability.

As an incentive Auxilium coinholders receive 8% interest every year through the AID platform. To be precise, it’s 6.72%. The extra 1.28% is split between charity and not-for-profit research and development evenly.

Holding AUX in your personal wallet address – also when offline and having no knowledge of blockchain – is enough to earn interest on the 1st of each month. The goal is to continue distributing interest indefinitely, through recycling profits, without the need of increasing the maximum supply.

Done

Question 4:

I saw on your website that in 2021 Auxilium will hold Charity Fund program,
Can you explain to us about this program and what is its purpose for Auxilium and its community?

Anton Donker :

When we created our cryptocurrency Auxilium (AUX) we built the Auxilium Interest Distribution (AID) platform. We then allocated 80 million AUX coins – of the total supply of 300 million AUX – to the AID platform for the purpose of distributing interest to AUX coin holders.

The AID platform pays all our coin holders up to 8% interest per annum just for holding coins. From that 8%, coin holders give back: 0.64% goes to our charity fund for philanthropic projects and 0.64% goes to Auxilium research and development for for-profit use case development.

The charity fund program will allow holders of AUX to vote on the charities they want to support, or in other words: the community decides to which charity Auxilium Global sends the AUX that has been saved up by all AUX holders by automatically sending a monthly share of their interest to the Auxilium Charity Fund.

The Charity fund will also be linked to the upcoming Loyalty platform to promote charities globally and reward people for donating and spreading the word. The philanthropic market is growing fast, as more countries, thus people, animals and nature, struggle. There is a lot of demand and Auxilium has just the right solution.

Done

Question 5:

Alright this last question from the second Session🥳🥳🥳

What are AUXL tokens and how do I get them? and I see the account is doing IEO on XT exchange why does aux not choose a bigger exchange, is aux currently having problems in internal finance that prevent that from happening?

Anton Donker :

I'm really enjoying the answering of your questions by the way!
Although we're in a heatwave in The Netherlands currently and its very hot inside...(hot for people from the Netherlands, I'm sure it's warmer in Indonesia haha)

1. The Auxilium Loyalty Platform is our first use case, and it’s a massive one! In interaction with the AUX coin and Auxilium blockchain a new token with ticker AUXL will power the loyalty platform. The Auxilium Loyalty Platform combines earning, spending and sharing, for AUX holders, Auxilium Global and third-party companies, by integrating and combining various utility on one platform.

All AUX holders who hold a minimum of 1,000 AUX coins on the 1st October 2020, and hold AUX on a non-exchange (just to make sure, don’t keep the AUX on the exchange) wallet like the desktop (Windows, MacOS or Linux) wallet, a paper wallet or on the Trezor hardware wallet will receive 1 AUXL token for every 1 AUX coin they hold. For instance: if you hold 1,000 AUX you’ll receive 1,000 AUXL for free to thank you for your loyalty to the Auxilium Global project. The same will be done when we create new tokens in the future to expand and power our ecosystem.

2. Auxilium Global never conducted an ICO, IEO or any other funding round before. So, we’ve worked as volunteers and invested our own resources into the company for nearly 3 years, because we believe in our product. We’re starting the Auxilium Investment Fund to move towards bigger exchanges. Saying that: The XT IEO is already a very good step in the right direction. You can find more about the investment fund plan (the gateway to bigger exchanges, like Bittrex for instance). For more information see my reply above about the Auxilium Investment Fund.

Done

LIVE/FREE QUESTION

Question 1:

1. What is your plans to move towards a more decentralized and trustless solution?

Anton Donker :

1. What is your plans to move towards a more decentralized and trustless solution?
Answer: Our first priority is and was security. The second priority was having a network and blockchain that's scalable, fast, etc. These two factors are in line with the second question about mass adoption. A lot of projects launch coins and tokens with low security, and when growing face a lot of problems with scalability (high transaction fees and slow transactions). It's about finding the right balance between all factors involved. You might - as an investor - want to ask yourself: what are the dangers of full decentralization at this point and do I want to invest my money into a coin or token that's likely to fall victim to a 51% attack which could cause users to lose millions of USD worth of cryptocurrency (this has happened a lot in history already and is still a problem).
In the future we'll open the idea to select trusted community members to host nodes to create more decentralization, but without lowering security on the blockchain to the point that we're vulnerable like many crypto.

2. Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors eyes. What Auxilium has done and plans to do to achieve real-world adoption?
Answer: We've a very fair and easy reward system which doesn't rely staking or mining. Our wallets don't require full downloading of the blockchain and we'll certainly aim to educate (I'm an education expert, so that's certainly a thing we'll be doing) as many people about our simple, but strong, product. We've kept it very simple for our users while introducing a lot of technological advantages. For real-world adoption we'll need use cases. Many project don't have use cases, and will never start any. We've a whole list of use cases of which being a payment system, with smart contracts, dapps and reward system is one. Secondly we'll start with the loyalty platform soon that will be the ground layer for multiple use cases like the market, donations, crowdfunding, advertising, etc.

Question 2:

Defi is currently the most prominent topic in the crypto industry, is $AUX afraid to face many competitors when there are many projects related to DeFi? What about $AUX attracts users?

Anton Donker :

Defi is currently the most prominent topic in the crypto industry, is $AUX afraid to face many competitors when there are many projects related to DeFi? What about $AUX attracts users?

Answer: Many coins are able to focus on Defi. It can be integrated in the ecosystem by creating tokens that offer defi features. In my opinion defi is just a hype. I would want to warn investors for this hype, because just like in 2017 with the ICO hype there will be a lot of scams. Creating a token is very easy (these days).

Look into coins (like Auxilium) with a MainNet solution that has been around longer, and a team that have proven to be able to create a full blockchain and network.

Defi could become 1 use case on 1 blockchain. But there is so much more than only defi. I think you're limiting yourself if you choose to go full defi. We're not affraid for extra competitors. We have never been by the way. There are hundreds of tokens created monthly, 99% of them fail or are scams.

We've always focussed on our own project first.

The power of Auxilium is that is always has focussed on strong fundamentals and always has thought about incentives for investors to hold and/or buy AUX coins. Please see previous answers for more information about the advantages of our blockchain, like security, speed, scalability, sustainability, etc.

And don't forget about the:
- AID Platform offering all holders up to 8% interest per annum just by holding AUX in the wallet (also when offline!)
- FREE tokens when created on the Auxilium blockchain by the team, like the AUXL token
- XT IEO for AUX and IEO for AUXL later this year, and other amazing stuff listed on our short term roadmap which will form the launchpad for our project to lift off.

Question 3:

Do you have any plans to attract non-crypto investors to AUX Because it is the success of a project to get more investors who are still not in the crypto world specially as a new project entering to crypto. What are the plans to increase awareness about AUX around in non-crypto space? And which region is in your mind?

What are the majorities in this year on your project?

Anton Donker :

Answer: In my opinion the power lies within attracting the non-crypto world. Building a bridge between non-crypto and crypto. First of all, like explained in the first answer we've focussed on creating a very good blockchain and network with many advantages, that at the same time is most simple to understand for its users. Secondly our loyalty platform use case will be also working together with non-blockchain companies, and/or our project can easily be integrated into existing loyalty programs, and/or marketing and business growth instruments used by many small, medium and large business across the globe (not restricted to a region as its blockchain).

What are the majorities in this year on your project?

Answer: Not sure what you mean by this. I would like to answer this question later once you've explained to me what you mean exactly. Loved your first question though.

Question 4:

Community is important for the progress of a project. How many users are currently using the Auxilium platform? Is it on target or not? And what's the future plan to increase Binance users?

Most investors only focus on the price of short term instead of the real value of the project. Can you tell me the benefits for long-term for Auxilium investors?

Anton Donker :

> Community is important for the progress of a project. How many users are currently using the Auxilium platform? Is it on target or not? And what's the future plan to increase Binance users?

Answer: We've about 7000 holders of AUX. We're looking to expand soon through IEO on XT, promotions, and of course the Auxilium Loyalty Platform which will offer people to earn, spend and share crypto. The best future plan to increase Binance users is to get listed on Binance obviously. It's without question we want to get listed on Binance and we have the full confidence this is possible if we keep following the solid steps we've been taking.

> Most investors only focus on the price of short term instead of the real value of the project. Can you tell me the benefits for long-term for Auxilium investors?

Answer: real value lies in the fundamentals. Enough showcased about these in the previous questions: Auxilium has a lot to offer. While saying that Auxilium is undervalued (price has risen nearly 4000% over the past 9 months mind you). As an education expert I know from research that longterm vs shortterm mindsets are closely linked to intelligence. More intelligent people at average have more patience to wait for the bigger picture to unfold and get rewarded at a later stage. I think it all starts with doing research about a project, reading about it, deciding if this is a project you feel comfortable with, invest and wait for the right time to take profit. For Auxilium we've short term goals, a lot going on in 2020. And expansion of the ecosystem, translated into longterm goals, will follow the same roadmap but extended throughout the years; more details on this after the XT IEO.

Besides use case development, and business integrations there already are the mentioned long term advantages like up to 8% interest per annum, possible exchange listings, increase in community size, the investment fund that opens possibilities, the use of AUX on the Loyalty platform, gaining 1 AUXL token for free for every AUX you hold, plus any other use case token created ever by the Auxilium team.

I've always said openly that Auxilium could seriously be a $1 USD coin in 2021 at the possible bullmarket climax. We have what it takes, but like every business need a bit of luck also.

Question 5:

Fast, Secure, Scalable, this are Auxilium main Features.
Currently, there are many strong blockchain project are available on market those are offering same features.
My question is,
What makes Auxilium a more competitive one than other similar project?.

Anton Donker :

Some pointers to answer:
- We're a coin (MainNet) and not a token (this means we've already beaten 95% of all cryptocurrencies out there). Many tokens claim they are faster, more secure, etc. but are actually not. Most tokens are ERC20 tokens created on the Ethereum blockchain. But like we know Ethereum has high fees, is becoming slower (scalabality issues, already shown in the failure of certain Dapps in the future like crypto kitties), and is still running on PoW (mostly) which is very bad for the environment. All tokens will have the same issues, as they use the Ethereum blockchain. Only once they go into MainNet they can actually prove that what they claimed is actually true.
- Everyone holding AUX will receive interest, even when offline. Everyone, so also people who don't know how to mine or stake.
- AUX holders receive free tokens once created on the blockchain by Auxilium Global
- Also take this into consideration: some projects have capital of over 100 million USD and still don't have a MainNet and/or a real use case, etc. We've built Auxilium from the ground up with 0 USD initial capital, and will start growing financially soon. Opening even more possibilities.
- We focus on not only the technological side of things, but also the socio-economical side, as technology needs to be combined with socio-economic aspects, and vice versa. One doesn't go without another if you want to create real demand for your project and product.

Written by CRYPTOSCREEN