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AMA RECAP: ONESHOT VENTURES x FANBIT

AMA RECAP: ONESHOT VENTURES x FANBIT

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On 26th April ONESHOT Ventures has a Telegram AMA with FANBIT

PLACE : https://t.me/oneshotventures_chat
TIME : 2 PM UTC | 9 PM (UTC +7) | 26th April 2022
Airdrop : $100
Great, the AMA will be happening as follows:

ONESHOT VENTURES:
Our team has prepared several questions for you. Can we start?
1. Can you briefly introduce Fanbit Exchange and yourself ?

FANBIT:
FanBit is a global and innovative digital asset trading platform, which provides a full range of digital asset services, including digital asset issuance, spot tradings, derivatives tradings and digital asset management etc. Adhering to the basic principle of user first and relying on the top technology and operation team, FanBit operates with a top-level risk control system, smooth trading experience and 24/7 customer service. It is committed to selecting high-quality digital assets for global users and providing safe, innovative and efficient services.
and I am TImber ,the community founder of FanBit
To thank you all for participating this AMA, FanBit will give out the “contract trial fund” reward for all new users. The event will start from 2:00PM to 4:00PM, on April 26(UTC), and users who registered and completed KYC on FanBit during this period can claim 5USDT trial fund reward!

ONESHOT VENTURES:
Thank you so much for your introduction, it’s an honor to invite you to our community

2. Does it required for FanBit users to complete or passed the KYC process? Do you have restrictions that are similar to other top exchanges like as Binance, like limits on withdrawal amounts for clients who haven’t completed KYC? If so, could you inform us about the limitations?

FANBIT:
Yes, FanBit employs the KYC policy, but it’s not so strict like that of Binance.

Users who did not complete KYC can deposit, withdraw, trade 200,000USDT and withdraw 5 times in 24hours. But they can not carry out fiat tradings.

Users who completed KYC can deposit, withdraw, trade 1,000,000 USDT and withdraw 20 times in 24 hours. Aslo, they can carry out fiat tradings up to 500,000USDT.

ONESHOT VENTURES:
Your introduction let us know more
Thanks a lot!!!
3. So tell us more about Fanbit development team?

FANBIT:
Our technical and operation team is highly-experienced. The team members all come from international enterprises such as Google, Tencent, Huobi, OKx.
Unfortunately, due to the Non-Compete Agreement, their names cannot be disclosed at the moment, otherwise you will be surprised.
Therefore, users do not have to worry about the security of our platform and can enjoy the trading functions that FanBit offers.

ONESHOT VENTURES:
Thanks for your sharing
Let’s move on!
4. Did you have any difficulties with regard to the continuing pandemic and the considerable ups and downs that the market has had and is having?

FANBIT:
oh yes, there must be difficulties.
I think the impact of the pandemic is the same for any trading platform in the market.
However, our team members have cooperated for many years, so we do not face much obstacles and are used to working online.
But there are also some restrictions regarding offline promotion and activities, so we can only focus on online promotion right now.
As for the ups and downs of the crypto market, it is acutally very normal in the financial market. But we are big believers of the crypto market as it is receving more attention from the world. Although the fluctuating market can affect tradings, we believe it is acutally an opportunities for users to know more ways to trade cryptos.
For example, FanBit provides Copy Trading Function, which users can choose KOLs to follow and earn profits. The Copy Trading function free users from the flutucating crypto market and offers users a simple way to make moeny. Also, we are about to open a live-broadcast function to livestream daily crypto market for users to watch.

ONESHOT VENTURES:
FANBIT is a great project! It’s been amazing to work with you guys!
5. FANBIT has achieved very impressive results so far, then what is the goal of Fanbit Exchange, and is there any plan to achieve this goal.

FANBIT:
yeah,thanks to the rich experiences and rescoures of our team, and the outstanding performance of our platform, FanBit made a good start.
Now we can move on to the next development plan. We will keep inproving the Futures trading and Spot Trading sectors, and exploring fields such as NFT, Staking and Mining. As we say in our profolio, FanBit will build a global comprehensive digital asset trading platform and provides services for global users.

ONESHOT VENTURES:
Marvelous! Finally, let us wish the FANBIT project a better future together!

Next we are going to part 2 : questions on website
1. There is a lot of famous exchange in Crypto Market . The problems is WHY WE NEED FANBIT ?

FANBIT:
Well, the best platform is not always the most suitable platform for you. The goal of FanBit is to cater to the needs of users.

We update our prodcuts constantly and listen to the requests of our users. Right now, FanBit is not the “best” platform in the industry, but as for Futures trading, it is the most professional platform as regard to both professional traders or individual traders.

ONESHOT VENTURES:
2. Are you planning to launch your own token? If yes -> when ? and if not, why?

FANBIT:
Yes, we will release the platform token. But not right now. FanBit is still focus on improving platform functions and building our ecosystems. For any platform token, there will be no value support without practical usage scenarios, which means that the price of the token can be manipulated arbitrarily. This is the consequence we don’t want to see our users to bear.

ONESHOT VENTURES:
Thanks for your answer
Next we are going to part 3: Questions on twitter
Question 1.
What are FANBIT advantages over leading exchanges like Binance, Huobi, Coinbase, and so on? What are your key priorities for the years 2022 and 2023, and could you share some of your plans for the future year? Which aspect of the project are you now concentrating on?

FANBIT:
As it is mentioned before, our advantage lies in the Futures trading. We will upgrade this section constantly and explore other businnes sectors at the same time. We plan to fully expand our businness sectors at the end of this year to provide better experiences for our users and be ready for the release of our platform token.

ONESHOT VENTURES:
Question 2
FanBit is CEX. However, most new launch centralized exchanges have some common problems which include; low volume, low level of liquidity and poor user experience. What has FanBit done about these problems? How does FanBit plan to solve the listed problems?

FANBIT:
Well, the issues mentioned is mainly due to the lack of platform users, listing projects etc. But as for FanBit, we already has a large scale of loyal users from the begining, and we keep listing the latest projects, which provides more users to our platform.

Besides, we work with liquidity service provider to ensure the liquidity and trading volume of our platform.

As for users experience, you do not need to worry about that. The goal of FanBit is to cater to the needs of our global users, so it is not a problem.

ONESHOT VENTURES:
Question 3.
Security is at the forefront of all old and new projects, attacks are frequent and even with the best known blockchains, How does your project prevent this from happening? Do you plan to expand your business in the region?

FANBIT:
Security is vital for an exchange, and risk-control system is an essential part of it.
As for techonoly, we use the dual authentication methods to ensure the asset security; and employs transparent risk alert system to prevent asset loss.
The system will trigger the alert if data is abnormal or discover a security risk, and our security team will respond immediately to solve the problems.
we will continue to improve its security and provide users with a truly safe, convenient and efficient trading environment.

ONESHOT VENTURES:
Next, We will enter the community questioning part.

COMMUNITY:
What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?

FANBIT:
his is FanBit’s media account, please follow, all our movements will be released through these channels

Telegram:https://t.me/FanBitOfficial

Twitter:https://twitter.com/fanbitofficial

Facebook:https://www.facebook.com/FanBit-Official-103816062157933/

Reddit:https://www.reddit.com/u/FanBitOfficial

COMMUNITY:
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

FANBIT:
Auditing and compliance are also aspects that we attach great importance to. At present, we have obtained the MSB license, and more regional licenses are also in progress. At the same time, we have completed the audit documents and are waiting to submit to Relevant security audit institutions, we will release these news as soon as possible, please continue to follow FanBit closely.

COMMUNITY:
The crypto industry is a fast-paced industry, how flexible is your Project to change quickly and keep pace with technology trends? What is your long-term vision for the forecasting industry in which the your Project project operates?

FANBIT:
As I mentioned above, in addition to regular iterative updates, our system will be continuously improved according to the specific needs of users, which fully reflects the flexibility of our platform, which is very valuable in the current market. As for the industry vision, I personally believe that cryptocurrency will become a market comparable to the traditional financial field, and now, with the compliance process of various countries and regions, it is also moving in this direction.

COMMUNITY:
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

FANBIT:
Good question, our market strategy is to conquer users through high-quality products and services, and use our current contract products as a benchmark to open up more cooperation opportunities, drive more KOLs to trade on FanBit, and attract more contract users.
Of course, for new users, whether it is spot or contract, we will not hesitate to contribute benefits. We will have spot welcome activities every month. The contract has now opened the simulated trading section, so that more digital currency traders can see it.

COMMUNITY:
To survive in tough crypto market conditions is difficult, and we see that many projects are far from the targets. What is Tap project strategy to survive in this long blockchain marathon? Is everything going according to the roadmap?

FANBIT:
Yes, survival is difficult, but for those who have goals, all difficulties are challenges on the road, as long as you complete the challenges, you can get the final victory.
It has only been 5 months since FanBit was launched, and there are still many challenges ahead, but so far, we have made a good start and everything is planned.
If you want to persevere in this marathon, you need to have a firm belief. FanBit will always adhere to the principle of “customer first” and strive to provide users with satisfactory services and products.

ONESHOT VENTURES:
Do you want say anything with community before AMA end ??

FANBIT:
Don’t forget to participate in FanBit welfare activities

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