Question 1

What is RBX?

Accepted Answer

RBX is a novel ecosystem of Decentralized finance DApps, utilities, infrastructure, and protocols, built to accelerate the flow of digital assets and capital. The RBX suite of products provides everything a trader, or project, needs to be successful, all in one simple, wedgetized package.

Question 2

What is Decentralized Finance?

Accepted Answer

Decentralized finance, or DeFi for short, describes a financial system that operates without the need for traditional, centralized intermediaries. This is achieved through trustless smart contract systems, and Peer to Peer transactions.

Question 3

What is a Decentralized Exchange (DEX)?

Accepted Answer

A decentralized exchange (DEX) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds. The Decentralized exchange executes an exchange between two different tokens. Depending on the amount of tokens traded, it will calculate the price of the token desired, display the amount of tokens that will be received, and upon submitting the transaction, the DEX will swap the tokens for the new token at the agreed upon market rate.

Question 4

What is RBXchange?

Accepted Answer

RBXchange is the decentralized exchange of RBX. A smart contract-based trading program between any two tokens on, and between any of our supported networks. This is one of the main functionalities and facilitators behind decentralized finance. RBX has developed a unique cross-chain solution, allowing seamless trading across all of our supported blockchains, just as easy as trading on the typical single-chain DEX. For example: An Ethereum token can be traded with a Binance Smart chain token, to an AVAX token, to a Polygon token, and back again, vice versa, etc! Some of its features include: Limit orders. Whale orders. Fiat On/off ramp and Over the counter trading ( OTC).

Question 5

What is Staking?

Accepted Answer

Staking allows you to temporarily provide your tokens to a smart contract and receive rewards. These "staking pools" differ based on the token you wish to stake, and the tokens you wish to receive. The rewards for a given pool are predetermined and given out as rewards to stakers proportional to the amount of tokens staked. The yield on each pool will vary based on the initial pool of rewards allotted, how many tokens are currently staked for each pool, and the pool that you've entered (as there may be different pools for the same reward token). Rewards are generated constantly and can be claimed as often as you want, without any time lockups (Time locks can be provided if desired).

Question 6

What is a Cross-Chain Bridge & What is Arbitrage?

Accepted Answer

The RBX Bridge enables projects to deploy their token on a secondary and/or tertiary chain, and allows holders to swap their assets seamlessly between them. The RBX bridging contract does the heavy lifting and holders can seamlessly transact their tokens 1:1 between any supported chain to another. Tokens deployed on multiple chains create the opportunity for arbitrage. Arbitrage is effectively the utilization of price differences between chains to create a profit opportunity; buying tokens from a lower priced chain, and selling them on the higher priced chain, which equalizes the prices.

Question 7

What is P2P?

Accepted Answer

The RBX P2P (Peer to Peer) On/Off ramp grants the ability to exchange your fiat currency into cryptocurrency, or vice versa. On-ramping is typically done through centralized exchanges, or requires a credit card and KYC. The P2P system aggregates and interacts with multiple P2P exchange providers, automatically posting, accepting, and executing the desired trades, all semi-autonomously. P2P Trades support off-ramping as well (Exchanging crypto for fiat), with a multitude of fiat options, such as: Cashapp, Zelle, Venmo, bank transfer, and more.

Question 8

What is an AMM?

Accepted Answer

(Automated Market Maker) Offers a fully automated and decentralized way to trade assets on-chain. Instead of having big market makers supply liquidity for trading anyone can participate in making a market. The AMM algo tracks price for you and makes it so every participant gets a fair price.

Question 9

What is a Crypto Launchpad?

Accepted Answer

A launchpad is a platform purpose-built to promote new and upcoming technologies; allowing a user to examine a projects features.

Question 10

How Do I Get Started in DeFi?

Accepted Answer

Getting started in Decentralized finance is as simple, or complicated as a user would like it to be. RBX provides all the tools one needs to access the world of DeFi, starting with our on-ramp, a user is able to easily buy crypto with fiat currencies. The DEX is the next step, which allows the swapping of that crypto to any other token or cryptocurrency. After that, the RBX launcher provides advanced tools to further the users DeFi knowledge and trade effectiveness.

Question 11

How are Blockchain Transactions Recorded?

Accepted Answer

The Blockchain is nothing more than a ledger of transactions verified by nodes (servers) on the network. After a certain amount of time has passed, network participants will verify the transactions. When more than 50% of the network agrees, then a new block is formed and then the next one is started. This is what gives blockchain it's security and permanence.

Question 12

What is the Difference Between Tokens and Coins?

Accepted Answer

Coins are the native asset of the Blockchain. Bitcoin is the coin of the Bitcoin Blockchain. Ethereum is also the coin of the Ethereum Blockchain. RBX Token exists on the Ethereum, Binance Smart Chain, and Avalanche Blockchain currently.

Question 13

What Other Uses Does Cryptocurrency Have Besides Payment?

Accepted Answer

Censorship resistant store of wealth, private transactions, transparency, a free and open market, international transfer of assets, trustless smart contracts/transactions, and more!

Question 14

Why are there Transaction Fees/Gas?

Accepted Answer

Transaction fees/gas are paid to network validators as an incentive to keep participating in validating the network. Think of it as the fuel that keeps the network running. Without gas fees, validators would have no incentive to keep the network running.

Question 15

Why Use RBX Over Other Decentralized Exchanges?

Accepted Answer

Typically decentralized exchanges trade on singular blockchains networks only, RBX supports 20+ (and growing) chains, and is interoperable between them all. Additionally, the RBX launcher includes many products that are usually standalone websites, reducing friction, and providing everything a trader needs in one spot.

Question 16

How Can I Stake in RBX?

Accepted Answer

You can stake with RBX by visiting our DApp.

Question 17

What is Cross-Chain Swap?

Accepted Answer

A Cross-Chain Swap is a type of trade that allows assets to be exchanged between two different blockchain platforms. This can be useful for people who want to trade assets that are not native to their chosen platform, or for those who want to take advantage of different features offered by different platforms. For example, a user on the Ethereum network may want to trade their ETH for AVAX, but would not be able to do so directly.

Question 18

What is Multi-Chain Bridge?

Accepted Answer

The RBX Bridge enables projects to deploy their token on a secondary and/or tertiary chain, and allows holders to swap their assets seamlessly between them.

Question 19

How do Limit Orders Work?

Accepted Answer

A limit order is an order to buy or sell a security at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.

Question 20

What are Whale Orders?

Accepted Answer

The RBX Whale Order tool executes algorithmically controlled trades, buys and sells. These trades are executed at algorithmically determined time and price intervals to maximize trade effectiveness, while lowering impact. Very large, single transaction trades can suffer significant losses on the open market due to high price impact and low liquidity. Whale orders are placed in a single, simple, easy manner, with customizable parameters set by the user, and the RBX trading algorithm handles the rest until the order is completely filled in the most effective way possible.

Question 21

What are OTC Trades?

Accepted Answer

OTC stands for Over The Counter. Trading wise, Over The Counter means that a trade will be executed directly between two parties/entities.

Question 22

What is a Liquidity Manager?

Accepted Answer

The RBX liquidity manager is an interface that allows a user to easily manage their liquidity positions held across different AMMs (automated market maker) all in one place, such as Uniswap, Pancakeswap, 1inch, and RBXchange, and more.

Question 23

What is On-Ramp & Off-Ramp?

Accepted Answer

The RBX On/Off-Ramp is a service that allows you to exchange fiat currency for cryptocurrencies. Off-Ramp is a service that allows you to exchange cryptocurrencies into fiat money. All without any KYC.

Question 24

APY Meaning in Crypto

Accepted Answer

The term APY stands for Annual Percentage Yield, and is used to describe the interest rate earned on an investment over a one-year period. In the cryptocurrency context, APY is used to express the interest rate earned on a cryptocurrency investment, such as Bitcoin, over a one-year period. For example, if you invested 1 ETH at an APY of 10%, you would earn 0.1 ETH in interest over the course of one year.

Question 25

What does NO – KYC mean?

Accepted Answer

NO KYC stands for "No Know Your Customer" and refers to financial institutions or other businesses that do not require customers to provide identification in order to open an account or conduct business. RBXchange is a NO KYC decentralized crypto exchange platform.

Question 26

Tech support?

Accepted Answer

RBX has 24/7 tech support available at https://t.me/rbxtechsupport Please post your issue, and a member of our team will help you ASAP!

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