Azbit, what role will Bitsane crypto exchange play in your ecosystem? In the discussion above you wrote that it would not be a part of the ecosystem, but it would be a partner. So which functions will it perform as a partner?
Mainly the function of liquidity aggregation. By the way, for this purpose we plan to attract other crypto exchanges, not only Bitsane. |
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Greetings! Where are you located? Thanks in advance.
Hello! We are an international team, that has representatives of the United States, Switzerland, UK, Russia, Estonia, and Cyprus. And our company is registered in Estonia. |
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I had a Iook. I’d consider your security tokens as a long-term investment. And I'm more interested in day trading or short-term investment options. The tools you have are interesting, but it’s still in the plans.
Not exactly. In addition to the operating Bitsane crypto exchange (this is our MVP), our payment system and the core of the Azbit crypto exchange are almost ready. Our first crypto exchange should be launched in half a year. We invite you to trade on it. Ok, thanks, I'll think about it. Is your bounty already running? The launch of the bounty campaign is expected in the near future, but even if you are not ready by the time it starts, that's okay - it will last several months until December 31, 2018. Are you sure of the specific start date? In any case, it will be proven until December 31 that the team is paying enough attention to marketing. Every ICO team and Azbit team as well should pay enough attention to marketing. And we do it, cause nowadays good marketing means the success of the project |
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Well, it seems that everything moves in this direction, but not in all countries, and not as quickly as we’d like, but there are reasons to be optimistic. Now they write about the fact that SEC considers to allow bitcoin ETFs in the US.
What is bitcoin ETF? You’d rather google it. In short, this is an exchange instrument that will facilitate investing in bitcoin for banks, investment funds and other large investors. Is it only for institutional investors or can also ordinary people use that investment vehicle to get into Bitcoin? ETF is an exchange instrument for funds, banks, etc. I think the legalization of bitcoin ETF can bring stability of the bitcoin course, and it would make cryptocurrency accessible to a much larger audience of private traders |
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I had a Iook. I’d consider your security tokens as a long-term investment. And I'm more interested in day trading or short-term investment options. The tools you have are interesting, but it’s still in the plans.
Not exactly. In addition to the operating Bitsane crypto exchange (this is our MVP), our payment system and the core of the Azbit crypto exchange are almost ready. Our first crypto exchange should be launched in half a year. We invite you to trade on it. Ok, thanks, I'll think about it. Is your bounty already running? The launch of the bounty campaign is expected in the near future, but even if you are not ready by the time it starts, that's okay - it will last several months until December 31, 2018. |
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I had a Iook. I’d consider your security tokens as a long-term investment. And I'm more interested in day trading or short-term investment options. The tools you have are interesting, but it’s still in the plans.
Not exactly. In addition to the operating Bitsane crypto exchange (this is our MVP), our payment system and the core of the Azbit crypto exchange are almost ready. Our first crypto exchange should be launched in half a year. We invite you to trade on it. |
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Why would I and other private investors care?? I'm interested how to get in on act my one or two ETH.
So you are our customer! ) Visit our site. We recommend you to pay attention to our investment tools - SAMM, RAMM, Portfolio. But in general, our particular feature is that we will have many tools and options for earning on cryptocurrencies - from AZS security tokens to the investment platform and margin lending. |
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Well, it seems that everything moves in this direction, but not in all countries, and not as quickly as we’d like, but there are reasons to be optimistic. Now they write about the fact that SEC considers to allow bitcoin ETFs in the US.
Yes, that’s good news, even better than bitcoin is growing. The more niches in the financial market will be occupied by cryptocurrencies, the more popular will be cryptocurrency ecosystems, trading and investment platforms, such as Azbit. |
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Bitcoin price is promising! Probably ICOs will surge again as a result.
I don’t know. ETH rate is falling and practically all ICOs raise funds in ETH. Our tokens can be purchased not only in ETH, we accept Bitcoin, Litecoin, Dashcoin, BitcoinCash. It’s good that bitcoin is rising) But in general for us and all top ICO projects stable development of crypto market and cryptocurrency regulation are more important than cryptocurrency prices. |
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And how do you prove that this is not a Ponzi scheme.
There are no other sources of payment in the Ponzi scheme, except for the investments of the newer investors. All payments will be strictly transparent on our platform. The agent refers the investor to Azbit platform, the referral invests in the trader, there is a trading profit - the agent receives a percentage of it. There will be no payments to earlier investors using funds obtained from newer investors, but only a clearly defined percentage of the real profit on the trade and investment platform and ecosystem. |
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Is it part of the strategy to increase the popularity of the ecosystem?
That's right. If the "agents" have their own client bases, for example, they host a successful blog with a large number of subscribers, in this case they can monetize their client base. |
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It’s a usual referral program, all projects have it.
Actually our referral program is much more extensive than the standard crypto exchanges’ referral offers. Any person can act as an “agent”. This is a part of our marketing strategy. The turnover of the platform and the profit of the whole ecosystem depend on the attraction of a sufficient number of investors, so everyone is welcome to act as a partner of the Azbit platform and develop connections between investors and traders. Such "agents" will receive a commission of trading profits, raised funds and the trade value. The remuneration system is still being worked out, but it definitely will be implemented. |
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And if I’m too lazy to study all these aspects? )
Good question! ) In fact, not everyone has the opportunity to learn and improve the skills of technical analysis or trading bots settings. That is why, within the Azbit ecosystem, we implement a variety of options and tools for crypto investment. If you have knowledge and desire to study technical analysis - trade independently, attract investors with the help of our platform, create bots, rent them, use margin trading. If you have no desire and opportunity to learn all these aspects - use the services of SAMM, RAMM, Portfolio. This is the idea behind the Azbit ecosystem - everyone can find something useful for himself. |
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In order to set up trading bots, should I know the technical analysis?
If you code the trading bot yourself, then yes - it is desirable to know the technical analysis. But you can also buy a custom bot and use it on strictly defined trading pairs, transactions, etc. There are a lot of options. |
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It's a promising business, is it worth investing in trading bots?
Thank you for your interest in our ecosystem activities! Concerning trading bots - we have a lot of experience working with them on the forex market. It’s impossible to answer for sure "yes" or "no" - first, you need to decide how you want to use these bots. A trading bot is a tool that needs to be properly configured and used correctly. Its behavior is limited by the instructions. In conditions of constantly changing crypto market, bots can be very effective on a strictly defined type of transactions, and are ineffective in other conditions. Bots can’t analyze news, FOMO, FUD, and other irrational factors of crypto market. These are their main disadvantage at present. |
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By the way, I saw a photo in your Instagram, where your team member introduces the project to Ian Balina.
Yes, our CMO Max Zmitrovich and Azbit team presented the project to Ian Balina and his team during their World Tour Moscow 2018. We are actively preparing for the private sale that will be held for large investors. It will take place before the pre-ICO. |
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Are your SAMM-RAMM-Portfolio accounts adopted from forex market? Is it worth testing the functional on forex to understand how to work with it on Azbit?
We are glad to see such an interest in our platform activities! By the way, taking into account numerous users’ requests we asked our developers to create test versions of SAMM-RAMM-Portfolio. The fact is that, SAMM-RAMM accounts share some characteristics with PAMM accounts on the forex market. However, PAMM option makes it possible to use fraud schemes, when the trader on purpose "leaks" client assets. Therefore, SAMM-RAMM accounts will have automatic protection against such schemes on the Azbit platform. The Portfolio option is closer to the traditional stock exchange trading than to Forex. That is, there are no direct analogs of the Azbit trading and investment functional. Ok, develop your test versions faster, it's in your interest too) Certainly! Subscribe to our channels in social networks, e-mail or Telegram, we will notify everyone about the most important events of the Azbit ecosystem. |
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Are your SAMM-RAMM-Portfolio accounts adopted from forex market? Is it worth testing the functional on forex to understand how to work with it on Azbit?
We are glad to see such an interest in our platform activities! By the way, taking into account numerous users’ requests we asked our developers to create test versions of SAMM-RAMM-Portfolio. The fact is that, SAMM-RAMM accounts share some characteristics with PAMM accounts on the forex market. However, PAMM option makes it possible to use fraud schemes, when the trader on purpose "leaks" client assets. Therefore, SAMM-RAMM accounts will have automatic protection against such schemes on the Azbit platform. The Portfolio option is closer to the traditional stock exchange trading than to Forex. That is, there are no direct analogs of the Azbit trading and investment functional. |
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Read the discussion above, crypto exchange is in Estonia, payment system - Czechoslovakia. And the bank is in Luxembourg
Czechoslovakia no longer exists) we’ve registered the payment system in the Czech Republic. Oops, it’s my fault) You’ve registered the payment system? Does it operate now? It's 90% ready, and is called Qpay. |
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