AMA Recap. Everything You Need To Know About THXNET.

Project Overview: Can you give us a brief introduction to THXLAB | THXNET. and its core objectives in the blockchain space?

A:THXNET. is a Web3-as-a-Service (Web3-aaS), a new blockchain network service from Japan. It offers a unique Layer 0 / Layer 1 hybrid infrastructure, providing a one-stop solution that includes On-chain/Off-chain engineering through the API/Service layer. It’s designed to enable Web2.0 companies to seamlessly transition to Web3 services. The network also incorporates innovative ‘2Earn’ mechanisms, incentivizing service usage and information sharing.

Hybrid Blockchain Network: Can you elaborate on how THXNET’s Layer 0 / Layer 1 hybrid blockchain network integrates Web2.0 and Web3 technologies?​​.

A:THXNET. Web3-aaS integrates Web2.0 and Web3 technologies by offering a Web2.0-friendly API on top of On-chain/Off-chain engineering, based on a tuned Substrate-based Layer 0 / Layer 1 blockchain network. This setup facilitates a smooth transition from Web2.0 to Web3, with simplified wallet management and token operations.

Technology Specifics: What are the key features and technological innovations of your Layer 1 & Layer 0 blockchain infrastructure?

A:Key features of THXNET. include a dedicated Layer 1 blockchain, On-chain/Off-chain engineering capabilities, and a comprehensive API suite. Our Layer 0 Rootchain is a public chain that allows anyone with enough THX token to become a validator or nominator. Its Layer 1 Leafchains are permissioned chains that are publicly accessible, but only approved entities can be collators. All the chains are interoperable with the ID-Wallet, enhancing security and user experience. THXNET.’s infrastructure supports scalable, multi-blockchain applications with independent governance.

Differentiation: How does your blockchain infrastructure differentiate itself from existing solutions like SUI Network, Aptos, and Polygon?

A:THXNET. Web3-aaS focuses on enterprise adoption with a SaaS model, emphasizing ease of use and interoperability within the THXNET. ecosystem. It stands out with its hybrid Layer 0 / Layer 1 structure and on-chain-off-chain engineering, specifically tailored for the transition from Web2.0 to Web3. The service offers Web2.0-friendly APIs, innovative ConnectToEarn and ShareToEarn protocols, and interoperability with various blockchains, providing unique offerings in the blockchain space. Its base technology is a Substrate-based L0/L1 blockchain network, compatible with Polkadot’s Relaychain and Parachain. Designed for enterprises, this SaaS model allows for immediate use and features a built-in 2Earn mechanism, simplified APIs for wallet management and token operations, and interoperability among all the chains on THXNET., as well as with non-Substrate chains through bridges. Targeted at enterprises seeking easy integration of blockchain services, THXNET. Web3-aaS facilitates the transition from Web2.0 to Web3, aiming to create a business-centric Web3 service marketplace.

Comparison ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
1. THXNET. Web3-aaS

Base Technology: Substrate-based L0/L1 blockchain network.

Compatibility: Compatible with Polkadot’s Relaychain and Parachain.

Service Model: SaaS model for enterprises, allowing immediate use.

Key Features: Built-in 2Earn mechanism, simplified APIs for wallet management and token operations, interoperability with non-Substrate chains through bridges.

Target Audience: Enterprises looking for easy integration of blockchain services.

Use Case: Facilitates transition from Web2.0 to Web3, aiming to create a business-centric Web3 marketplace.

2. SUI Network

Base Technology: Developed by Mysten Labs, SUI is built on a new and unique blockchain architecture.

Compatibility: Focused on providing a high-throughput, scalable blockchain solution.

Service Model: Targets developers and businesses with an emphasis on creating scalable decentralized applications (dApps).

Key Features: High throughput, low latency, and scalable infrastructure; innovative data model for efficient management of digital assets.

Target Audience: Developers and businesses focusing on scalable dApps.

Use Case: Primarily for high-performance dApps requiring rapid transaction processing and scalability.

3. Aptos

Base Technology: Built on the Move programming language, initially developed for the Diem project by Facebook.

Compatibility: Emphasizes security, scalability, and reliable performance.

Service Model: Aimed at developers for building safe and scalable dApps.

Key Features: Uses a novel consensus protocol (AptosBFT), focuses on user safety and upgradeability.

Target Audience: Developers looking for a secure and scalable platform for dApps.

Use Case: Suitable for a variety of decentralized applications prioritizing security and scalability.

4. Polygon (formerly Matic Network)

Base Technology: A Layer 2 scaling solution for Ethereum, using side chains for off-chain computation.

Compatibility: Highly compatible with Ethereum, enabling seamless integration with Ethereum-based dApps.

Service Model: Provides scaling solutions for Ethereum dApps.

Key Features: High scalability, fast transaction speeds, and low transaction fees; supports Ethereum’s developer environment.

Target Audience: Ethereum developers and users seeking scalability solutions.

Use Case: Best for dApps that require Ethereum compatibility and scalability, such as DeFi, gaming, and NFT platforms.

Summary

THXNET. Web3-aaS: Focuses on enterprise adoption with a SaaS model, ease of use, and interoperability within the Polkadot ecosystem.

SUI Network: Specializes in high-throughput and scalable infrastructure for dApps.

Aptos: Prioritizes security and scalability, suitable for a wide range of dApps.

Polygon: An Ethereum-centric Layer 2 scaling solution, ideal for dApps needing Ethereum compatibility and enhanced performance.
Comparison ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Web3-aaS Model: How is the Web3-as-a-Service model adopted by THXNET. differ from traditional blockchain services?​​​​. What are the problems are you trying to solve?

A:THXNET. Web3-aaS distinguishes itself from traditional blockchain services by offering an all-in-one solution, especially beneficial for Web2.0 companies lacking the capabilities to prepare and manage their own Web3 environment. This includes a comprehensive suite of Web2.0-friendly APIs, tools for developing decentralized applications, and built-in incentive mechanisms. THXNET. provides these services in a SaaS model, accepting a fiat-based upfront fee and a monthly usage fee. Using THXNET. Web3-aaS eliminates the need to hire expensive, skilled blockchain engineers, thereby addressing the common challenges faced by Web2.0 companies. These challenges often include the high engineering costs and time investments required, which have contributed to the slow adoption of Web3 technologies among these companies. By simplifying this transition, THXNET’s approach effectively addresses the blockchain engineer shortage and boosts Web3 mass adoption.

Service Layers: How does THXNET cover the spectrum from the protocol layer to the application and service layer in its offerings?​​.

A:THXNET. has adopted the Substrate framework to structure a Layer 0 / Layer 1 blockchain network suitable for Web3-aaS, applying various tunings including the introduction of its unique consensus algorithm, PPoS. On top of this foundation, it integrates the most critical layers of On-chain/Off-chain engineering, including the ID-Wallet, Hybrid-NFT, Bifrost, Built-in 2Earn, Transaction-Preview, and Data-Mesh and so on. Furthermore, to make all features accessible to everyone, THXNET. has launched the topmost layer consisting of the Web2.0 Friendly THXNET. API and the THXCONNECT mobile app, which serves as the portal and community tool.

Enabling Web2.0 Companies: What specific support does THXNET. provide to help Web2.0 companies transition to Web3 services?​​.

A:THXNET supports Web2.0 companies in their transition to Web3 by offering Web2.0-friendly APIs, simplified wallet management, and token operations. Its infrastructure allows easy implementation of blockchain features, even for those with no prior blockchain experience.

Payment Options: Can you discuss the decision to offer FIAT-based payments for THXNET services and how it impacts user accessibility?​​.

A:The decision to offer FIAT-based payments for THXNET. Web3-aaS aims to enhance user accessibility and convenience. This approach allows a broader range of users to engage with blockchain services without the need for deep cryptocurrency knowledge or holdings.

‘ConnectToEarn’ and ‘ShareToEarn’ Features: How do these features work and what benefits do they bring to the users and the ecosystem?​​​​. Could you explain the ‘Flywheel’ concept in the context of THXNET. and how it fosters the growth of the ecosystem?​​.

A:THXNET’s built-in-2Earn features use the THX token as an incentive. Users are rewarded for connecting to services using the ID-Wallet (ConnectToEarn) and for sharing user attributes with other services (ShareToEarn), enhancing both user engagement and benefits. ShareToEarn rewards both the users who disclose their attributes and the original service that distributed these attributes. This creates a synergistic mechanism where user attributes can be utilized by various services within the ecosystem, constructing the Agnostic Mesh (Web3-Data-Mesh). The ‘Flywheel’ concept in THXNET refers to a growth cycle where these features, combined with the ID-Wallet, contribute to an increase in both the number of services and users, fostering ecosystem growth.

Development Roadmap: Can you highlight some of the key milestones in THXNET.’s development roadmap and their significance?​​. Such as Launching Mainnet, Launching THXConnect.

Launching Mainnet: The launch of the THXNET. Mainnet represents a significant step forward in introducing the power of Web3-aaS to the world. It signifies the transition from a developmental phase to a live, operational state. This launch enables the real-world implementation and usage of THXNET. Web3-aaS technology, providing a robust foundation for decentralized applications and services to achieve mahaass adoption.

Launching THXCONNECT: The launch of ‘THXCONNECT’ as a portal app marks a significant advancement in streamlining the interface between developers and the THXNET. Web3-aaS ecosystem. This mobile app is tailored for all developers working with THXNET., providing comprehensive access to platform information. It promotes an interactive community by integrating with Discord and the ‘thx!’ L1 chain and includes THXNET. Layer 0 Rootchain DAO functionality. In doing so, it strives to make the THXNET. Web3-aaS is more intuitive and user-focused, thus extending the technology’s appeal to a broader audience.

Team Expertise: Given the diverse expertise of your team, how does this variety of backgrounds contribute to the development and innovation at THXNET.?​​.

A:The synergy of these diverse backgrounds — from technology and engineering to marketing and strategic advisement — enables THXNET. to innovate and adapt in the dynamic blockchain space. The team’s collective expertise is instrumental in driving the project’s development and ensuring its success in delivering a versatile and user-friendly Web3-aaS platform.

ARO, CEO: As the Chief Executive Officer, ARO likely plays a pivotal role in setting the strategic direction of THXNET. His leadership is crucial in steering the company towards its goals and ensuring that the vision for the project is realized.

EDGAR, CTO: As the Chief Technology Officer, Edgar is responsible for overseeing the technological development of THXNET. His expertise is vital in ensuring that THXNET. Web3-aaS infrastructure is robust, scalable, and innovative.

NOEL, Architect: Noel’s role as an architect is central to the design and structure of the THXNET. Web3-aaS. His architectural decisions are key in building a resilient and efficient network.

Engineers (TERRY, WZL, JENNY, SAM, GUVANCH, ROSHAN, ATABEK): The team of engineers is critical in the actual development and implementation of THXNET.’s technology. Their diverse technical skills contribute to various aspects of the project, from blockchain coding to system optimization.

KEN, CMO: As the Chief Marketing Officer, Ken’s expertise is essential in positioning THXNET. within the market, developing marketing strategies, and communicating the value proposition of the network to potential users and partners.

Advisors (M.TAKAHASHI, M.SAITO, M.OKAMOTO, K.MINE): The advisors bring a wealth of experience and knowledge from various fields. Their guidance is invaluable in shaping THXNET’s strategic approach, business development, and adaptation to the evolving cryptocurrency landscape.

Token Launch Anticipation: With the successful launch of Mainnet and the many impressive use cases, when will THXNET. launch its tokens for the community and ecosystem partners?

A:Following the successful launch of the Mainnet and various use cases, the timing of THXNET.’s token launch for the community and ecosystem partners will be a pivotal moment. It will mark the transition to a new phase of growth and user engagement within the ecosystem. Expecting TGE will be around April — May in 2024.