Recap of AMA with CULTX DAO

5 min readMay 19, 2022

We hosted an AMA with CULTX DAO, decentralized ecosystem, on Tuesday 3rd May. The AMA with Enzo, lead developer CULTX DAO, introduced our community with the project’s vision, roadmap and much more!

To show our gratitude towards our community’s support, $200 in rewards was also announced for this AMA, for the best 5 questions, and with great pleasure we announce those winners here:

Макс — @hilary_damron_1997
Blast Dev — @Larissa_thomsen_1991
Selena — @Jae_Burley
Violet Funnel — @DonetteRuth2002
Enigma Mcclanahan — @Rochelle_Mcclanahan_1997

Congratulations to all the winners and once again thanks to our community for always participating in large numbers, in all AVXL events. In case you missed this AMA, hosted by Diablov from AVXL, where we discussed the development of a new and better cult with CULTX DAO’s lead developer, here’s a complete recap.

Telegram link to AMA :

Introduction Round

DIABLOV: Hello community! At today’s AMA we welcome @enzo_cultx , Alpha Developer of Cultx Dao. Welcome sir, this is a great time!

Enzo: Hello 👋


Enzo: I am glad to be here 🙌

DIABLOV: Can you please introduce yourself and let us know about your journey in crypto space?

Enzo: [In reply to DIABLOV] Well sure. First of all thanks for inviting me for the AMA. We are already excited for our IDO tomorrow on AvaXlauncher platform. And would like to remind the community for the whitelist contest that is ending in a few hours —

Talking about myself. Hello! My name is Enzo and I am a lead developer of CULTX protocol. Talking about the journey in crypto sphere. From past 3 years, I have been involved in the development of several DeFi protocols and was really fascinated by the concept of community owned organisation, i.e. DAO

DIABLOV: [In reply to Enzo] The pleasure is all ours, sir. Thanks again for this moment. Thank you for the answer, it really is a spectacular concept sir :D

DIABLOV: Can you please introduce our community with your project, CULTX DAO?

Enzo: [In reply to DIABLOV] Sure. CULTX is our team’s idea turned into a product where we belived that the true support of the DAO will increase by incentivising the community. CultX has been built for the community, by the community. We have realised the power of community funding and want to take this concept one notch further

DIABLOV: Thanks. We were very excited and curious. So how you got the idea to start this project?

Enzo: [In reply to DIABLOV] As I said earlier. CULTX is our team’s idea turned into a product where we belived that the true support of the DAO will increase by incentivising the community.

DIABLOV: Great💎. How is your project different from competitors, especially Cult DAO?

Enzo: [In reply to DIABLOV] Cult no doubt is a great project but what it has missed out on is incentivising the liquidity providers. In CultX we will incentiize LP stakers and will give them governance rights to decide the DAO’s direction

DIABLOV: This governance model is really cool! Can you please introduce your backers and advisors to our community?

Enzo: [In reply to DIABLOV] So that’s the beauty of our project. Our leading backer and investor is community, the $CULtX holders. And that is why we have directly gone for the public sale.

DIABLOV: [In reply to Enzo] 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

DIABLOV: And what about the CultX tokenomics and token utility?

Enzo: [In reply to DIABLOV] Sure will explain that. So we are going to unlock 100% of our tokens at TGE. To promote token HODLers, there will be a tax charged on every buy/sell transaction. This collected tax will be utilised for DAO treasury, marketing funds and liquidity. Talking about token utility
Well, $CULTX is more than just a token! $CULTX hodlers will be the owners of protocol. They will have governance rights that will influence the DAO’s direction. More exciting token utilities we will release soon — Stay tuned!

DIABLOV: Thanks, very interesting! And, can you also share the recent developments at CultX and also what we can expect in near future?

Enzo: [In reply to DIABLOV] Sure. We have already announced our IDO on AvaXlauncher platform tomorrow, Wednesday , 4th May 🔥

Whitelisting for $CULTX IDO is OPEN —

You can get a Guaranteed investment spot in the IDO by either staking $AVXL or $AVXL/$BNB LP — becoming a part of AvaXlauncher tier

Enzo: You can also participate in the Gleam Whitelist Contest and stand a chance to win exclusive WL spot —

Hurry Up, contest ends in a few hours!! Going forward from this, we move towards the protocol development. The protocol is under active development on Ethereum, the most widely used blockchain, and is being developed by world-class talent, security experts, and advisors with extensive experience in economics, software engineering, cyber-security, and blockchain development.

DIABLOV: Thanks for all the answers and considerations Enzo. We are really excited!

We can now go to community questions. After this step, we will open the chat for a few minutes and other/new questions will be collected live!

Enzo:[In reply to DIABLOV] Cool. Let’s go 🔥

AMA Round

DIABLOV: Feel free to collect and answer the best ones you prefer, sir!

Enzo: [In reply to DIABLOV] Sure. Wow so many questions

DIABLOV: Yes, impressive!

Enzo: Will try and answer the imp ones

Макс: When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?

Enzo: [In reply to Макс]We are doing our IDO Tomorrow. More info on our TGE will be shared soon on our social handles — Stay tuned

Blast Dev: What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?

Enzo: [In reply to Blast Dev] Holding and staking CULTX will make you owners of protocol. CULTX DAO will be governed by $CULTX Stakers and liquidity providers. CULTX DAO promotes token holders. There will be a tax charged on every buy/sell transaction. This collected tax will be utilised for DAO treasury, marketing funds and liquidity.

Selena 🇨🇦💖💎: IMPORTANT QUESTION ? Audit is important for both trust and security. Have you done any audit of smart contract?

Enzo: [In reply to Selena 🇨🇦💖💎] So yes our team consist of cybersecurity experts and blockchain code auditors who will check the cultx protocol for security vulnerabilities and efficiency

Violet Funnel: Token Burn or BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?

Enzo: [In reply to Violet Funnel] Yes. We will soon announce our complete token flow architecture — Stay tuned

Enigma Mcclanahan: I am interested to invest in your project. When and where can I 𝐛𝐮𝐲 𝐲𝐨𝐮𝐫 𝐓𝐨𝐤𝐞𝐧𝐬 ? Is it already listed exchanges? @enzo_cultx

Enzo: [In reply to Enigma Mcclanahan] You can participate in our IdO happening tomorrow on AvaXlauncher platform

More details here —

Enzo: Diablov, I have answered the important ones

DIABLOV: Okay sir, awesome! Thank you for your presence, attention and for this great project! Surely CULTX DAO will be a great success! We wish you the best💎❤️‍🔥🚀

Enzo: [In reply to DIABLOV] Thanks for having me here. Cheers 🥂 To the community for their time and all the questions

DIABLOV: Thank you so much!!! 🤝🤝🤝

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