Q&A Session with Credits’ CEO Igor Chugunov Oct 27th

Hi everyone. 

Please find below the answers to the most asked questions by the community last week. 

Thank you for your engagement!

Q: “ When test? ”

A: We are now preparing the environment for an internal test. First of all, we have to decide on the test format. Secondly, we have to identify and set the technical requirements for 1) the transaction generator, 2) hardware requirements. We plan to perform the test before the end of the year, but I cannot specify the dates now. Please follow the announcements.

Q: “Perhaps for TPS test cs can reduce the transaction fee to 0.00000001 CS just for the testing phase so that transaction generators can be used without burning up too much of the supply ?”

A: The test will not be conducted on the mainnet, but on the testnet, which will be similar to the mainnet. So transaction fees can not be affected by the test. 

Q: “I think the vid of Arjan hasn’t upload yet? Or I miss it?”

A:  The last video with Arjan was published on Oct 23rd, here is the link  https://youtu.be/7uZNp6YlW28 . The next one is expected to be released this Friday, Oct 30th. It will be the second part of the video on Blockchain. 

Q: “ My 5k CS coins WRX .How to transfer coin? ”

A: If I understood correctly, you have bought CS ERC20 tokens on WazirX, and you have got problems with the withdrawal. The smart contract of the ERC20 token is currently unlocked, so technically transactions are available. In case you are not able to withdraw tokens in a period from the 25th to 31st of October, then you should contact the support of the WazirX exchange.

Q: “Why Credits didn't implement Defi?”

A: We answered this question previously. In short, we, as a company, have got a strategy for the future and can not spend our resources (human and financial) to pivot for each new booming crypto product. There are no sense and business results in this approach. Credits team is concentrated on the growth of the product range we already have in place. At least for now. Though I should note that we keep on track of all the news on what is happening in the markets. So we have explored DeFi critically and produced a short article with our research and opinion. You can find it here. 

At the end of this Q&A session, I would like to thank everyone for sending us your questions. 

Please remember we collect questions in our social media and TG chats during the week, and answer them each Tuesday. Anything else you wanted to ask us, you are very welcome to do so on our channels!