"I hate fraud with a passion" - Peter Lee, RELEX Compliance and US Operations Director. Telegram User Base Q&A Session
Relex Core - 30.04.18
Peter, what are your responsibilities within the organization? — I am in charge of all that goes on in US grounds. That means I am also US director of compliance
Any official ETA on the Relex health tokens airdrop? - "Estimated", yes. One that I wish to release at this time, no
How many more industries are on the horizon for Relex in the coming future? - Completely based on the definition of "industry". However, I see Relex in only 1 industry and always be in 1 industry - funding profitable business via blockchain.
Has any sort of timeline been provided for FINRA approval? - It has, but some of these questions, if I answer, will give us a disadvantage in the global market, and not allow Relex to be as profitable.
How will developers/businesses convert RLX investments to cash? - So think about someone in Japan 20 years ago, investing in a project in Ireland. The common currency would have been GB Pounds, to and from Japanese Yen. Likewise RLX will be the common denomination, but wil be far better than any government based cash b/c of its transparency and b/c of its independence from governments. So, as the GB Pounds were converted and have been trusted that they can be converted, RLX will also be the same and in what denomination will income/dividends/interest be paid like the example above, the investor could have changed Japanese Yen to GB Pounds, then cashed out in USD.
Why is Relex selling their tokens right now at such a cheap price to the public when they can hold off till the Nebula exchange and sell at their inteded price point of .25 -$1? - Having RLX skyrocket isn't what we want. It's actually not something that's good. B/C RLX is one of the few coins that is backed by substance, if it skyrockets, then it will fall even faster, and burn up in re-entry. Growth tempered by stability is good for the business. That's why I joined Relex. Anyone can create a fake coin just to gain a lot of money. But that's a fraud, and I hate fraud with a passion!
When will RLX come on Binance? - As for what exchange we list under and do not list, that's not my call. However, I have repeatedly stated that if any exchange isn't protected against fraud, I do NOT want to be there, even if the fraud is a legal fraud. (Artem Dorokhov: I might add,that we're looking into larger exchanges,negotiating with them,but we'll go with Nebula and CMC first. As new platform version and Russia expansion are approaching,we will definitely add a larger one. Gradual steps here as well)
Will the returns be in the form of rlx,eth, or dollars? - ETH bonuses are sent back to investors when developer distributes profits.