RED X Answers
Last updated
Last updated
CEG INC.
In the entertainment industry, for Web3 projects to achieve global mass adoption,
1. Lack of Real Business
2. Poor UI/UX
3. Regional Limitations Solving these three challenges is essential, and RED X will address them through the following initiatives.
RED° TOKYO TOWER is an icon of Tokyo and Japan, attracting over 3 million visitors annually. It serves as a hub for stakeholders in the RED X project.
By leveraging both offline and online services connected through RED° TOKYO TOWER, we aim to provide globally accessible real-world applications for fans. The RED X project begins with collaboration centered on "RED° TOKYO TOWER," Japan's largest digital amusement facility, which opened in April 2022.
The RED X project will introduce an off-chain payment token called REZ or RED Points (hereinafter referred to as "REZ"), which can be purchased with fiat currency, in order to build a system that can be easily purchased and used by anyone globally, as well as the on-chain token REDX, which uses TON.
We will construct a user-friendly service that allows not only cryptocurrency users but all entertainment users to access RED X's services globally, without being tied to a specific country. This will be achieved through a hybrid of on-chain REDX and off-chain REZ, providing a UI/UX comparable to that of existing Web2 solutions.
Furthermore, the initial REDX mainnet blockchain will adopt TON (OpenNetwork) and establish a strong partnership with TON Foundation. This will enable seamless integration with TON for business development based on Telegram, which has over 1 billion users worldwide.
We will drive powerful mass adoption to reach users globally.
Starting from RED° TOKYO TOWER, we aim to achieve mass adoption of Web3 in entertainment by providing a globally deployed service platform with a UI/UX comparable to familiar Web2. The hybrid model of RED X services and REDX/REZ eliminates regional restrictions, making it accessible to people of all ages around the world.