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AMA RECAP: ONESHOT VENTURES x FORBITSPACE

AMA RECAP: ONESHOT VENTURES x FORBITSPACE

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On 04th May ONESHOT Ventures has a Telegram AMA with FORBITSPACE

PLACE : https://t.me/oneshotventures_chat
TIME : 12 PM UTC | 7 PM (UTC +7) | 09th MAY 2022
Airdrop : $100
Great, the AMA will be happening as follows:

ONESHOT VENTURES:
Question 1. Can you Introduce yourself to us? and briefly describe what is your platform to us?

FORBITSPACE:
To answer this question, allow me to give you a little introduction to Mr. Baroda, who is the CEO and Founder of forbitspace.
And Co-founder of forbitspace is Mr. Menard. He is a currency trader, fund manager, analyst, and financial strategist. He has over 9 years of foreign exchange experience, as well as over 6 years of trading in the crypto market and arbitrage. He is also the fund manager for the Trading Team and forbitspace (Spacefintech Venture).
And I’m Nina Anne, COO of forbitspace.
forbitspace – DEX Super Aggregator is an interoperability protocol that unifies decentralized applications across distinct blockchains while also combining liquidity across chains and allowing for easy transactions in, out, and across disparate networks.

forbitspace is a multichain aggregation protocol that is now available on four mainnets: Ethereum, BNB Chain, Polygon, and Avalanche, with Arbitrum and Optimism networks coming soon.
forbitspace – DEX Super Aggregator employs Spaceflight smart order routing algorithm to source liquidity from many DEXs in under 0.3 seconds, allowing users to get better token exchange rates than they could on any single DEX.

With a single interface, forbitspace allows crypto traders to access deep liquidity and superior pricing. It means that anyone with a smartphone and an internet connection can use forbitspace – DEX Super Aggregator. Transactions are near-instantaneous and inexpensive, making them suitable for anyone interested in experimenting with DApps on many blockchains.

ONESHOT VENTURES:
Question 2. Can you explain to us, what makes your platform different from other competitors?

FORBITSPACE:
forbitspace protocol has a user-friendly interface that is very easy to use, even for beginners. Some users might find its interface more user-friendly than centralized exchanges. The interface of the platform is clear and easy to navigate.

forbitspace protocol has a user-friendly interface that is very easy to use, even for beginners. Some users might find its interface more user-friendly than centralized exchanges. The interface of the platform is clear and easy to navigate.
forbitspace has no additional fees involved in using the service – you only have to pay the network fee.
forbitspace as a DEX super aggregator ensures high liquidity on your cryptocurrency trades while limiting the exchanges to a single transaction.
The key feature of forbitspace that creates its advantage over other competitors is the Spaceflight algorithm smart order routing. Within 0.3 seconds, forbitspace splits a single transaction into many orders over multiple DEXs using the Spaceflight algorithm smart order routing. forbitspace also routes through orders and allows crypto traders to tap deep liquidity and receive better pricing, low cost & efficiency in most of the liquidity. With this feature, users can handle a large volume of up to $300M per transaction.
forbitspace also has a candlestick chart and line chart, available on all 4 mainnets: Ethereum, BNB Chain, Polygon, and Avalanche. The line chart & candlestick chart help customers to view the density and trading volume of the market within many different timelines. Users can zoom in and zoom out of the chart to see detailed trading volume data of tokens.
forbitspace also has a candlestick chart and line chart, available on all 4 mainnets: Ethereum, BNB Chain, Polygon, and Avalanche. The line chart & candlestick chart help customers to view the density and trading volume of the market within many different timelines. Users can zoom in and zoom out of the chart to see detailed trading volume data of tokens.


forbitspace – DEX Super Aggregator has an insights table for all users, which illustrates the percentage of the holders making money at the current price, the concentration by large holders, and the holders’ composition by time held. The insights table can help traders guess the best deals by showing the status of the market at the moment. These Insights tables are powered by Into The Block, so users can rely on percentages to predict how much the token’s price will rise.

ONESHOT VENTURES:
Question 3. What are the major milestones your platform has achieved so far? I am sure everyone here want to know more about this.

FORBITSPACE:
The launch of forbitspace – The DEX Super Aggregator, which supports four mainnets, including Ethereum, BNB Chain, Polygon, and Avalanche – might be considered the most significant achievement so far. Aside from that, we also launched the IDO flybylaunchpad fundraising platform.
The forbitspace DEX Super Aggregator has improved the platform’s user experience, which is one of our achievements. It’s critical because it’s the component with which users have direct interaction. All interface elements are precisely positioned and serve their roles, allowing users to engage with the platform more effectively, leading in a more simple and straightforward experience.
On May 12, 2022, we’re gonna launch another platform which belongs to forbitspace’s ecosystem, named forbitswap. This is an AMM-based forbitswap protocol which supports several mainnets, including ERC20, BEP20, Polygon, and Avalanche.
Please stay tuned cause there will be more exciting news on the way!

ONESHOT VENTURES:
Your introduction let us know more Thanks a lot!!!
Question 4. What are your further plans for your platform that you can share with us here?

FORBITSPACE:
Shortly, forbitspace will be launching the Limit Order Protocol, which is already in beta and is being carefully tested before rolling it out to users. A limit order places a specific price that a trader wants to buy or sell and is only executed if the market hits that price. A limit order would allow DeFi traders to get their swaps at desired prices by leaving instructions to fill buying or selling orders at specific prices (or better prices).

Notably, forbitspace will support more mainnets in the near future like Arbitrum, Optimism, Solana, Fantom, etc.
Furthermore, forbitspace will release Bridge Space, a Cross-chain Bridge, which allows users to swap tokens on different blockchains easily and conveniently. It also enables users to access the benefits of different blockchain technologies without choosing between platforms.
We aim to upgrade the forbitspace version to optimize and improve the user experience and also plan to create a crypto wallet under the forbitspace brand that will connect with decentralized exchanges.
You can see the details of our plan in this roadmap

ONESHOT VENTURES:
Question 5. What is your strategy for aftracting new users and investors to your project and keeping them łong term, because marketing is a key component of any project, and ensuring that everyone understands the potential that a project has is critical to achieving the objectives set ?

FORBITSPACE:
To attract the community to forbitspace, we currently open 2 activities for users to earn free FBS on our platform:
Referral Program: This is the hottest program of forbitspace where an address will receive 99 FBS when successfully referring a new user to make a transaction on forbitspace. More specifically, one address can share the referral code to 99 other addresses, and each account will receive up to 9801 FBS in total value.
Next is Trading Reward: You can get a trading reward when you trade on forbitspace.
Besides that, we’re conducting AMAs and collaborating with a number of KOLs. Moreover, forbitspace has partnered with ten notable worldwide crypto-newspapers. We are introducing our projects on popular websites where traders usually come to update crypto news.
In order to enhance brand recognition, we will also attend significant events in Singapore, Dubai, and other locations. Our project is promoted globally in many countries and areas over the world.

ONESHOT VENTURES:
Next we are going to part 2: 2 question on website
Q1. Forbitspace is an interoperability aggregator protocol that brings together decentralized applications across multiple blockchains. How do you achieve cross-chain interoperability that spans so many blockchains? What system did you use to achieve this?

FORBITSPACE:
forbitspace is a multichain aggregation protocol that is now available on four mainnets including Ethereum, BNB Chain, Polygon, Avalanche, and is launching soon on Arbitrum and Optimism networks.
forbitspace DEX super aggregator is an interoperability protocol that connects disparate blockchains. By the way, each mainnet will have its own API gateway. That unites decentralized applications across disparate blockchains, simultaneously uniting liquidity across chains and making it possible to transact in, out, and across disparate networks with ease.
In the near future, forbitspace will have extended the Cross-Chain, allowing users to swap tokens on different blockchains easily and conveniently with the release of Cross-Chain Bridge Space which is currently supported on a different blockchain.
Bridge Space is a blockchain bridge that enables users to access the benefits of different blockchain technologies without having to choose between platforms.

ONESHOT VENTURES:
Q2. ForbitSpace is a DEX, but it is important of DEX to attract liquidity and create a large pool, the more liquidity there is in the pool, the less slippage the orders will have. What strategies will you use to attract enough liquidity and thus counteract the slippage of orders?

FORBITSPACE:
forbitspace API is a superset cutting-edge discovery of all other DEX protocols at the best rates on Ethereum, BNB Chain, Polygon (MATIC), and Avalanche.
The API also uses smart order routing to automatically find the best available prices.

For larger trades and better prices, forbitspace employs a more powerful algorithm that considers a larger data set, splits routes that execute trades across multiple pools at once, and optimizes slippage, swap fees, and token prices, all of which, when done correctly, provide a better rate for users.
A swap deal split between several different DEXs will get a user an overall better price than a swap on any single exchange.
forbitspace DEX super aggregator’s main task is to offer a user better swap rates than any specific DEX can offer and to do that in the shortest possible time. Other major tasks are protecting users from price impact and reducing the probability of failed transactions.

ONESHOT VENTURES:
Next we are going to part 3 : 3 questions on twitter
Question 1
Many people here are quite interested in the $FBS, so how does $FBS work as a utility token for the network? How does it benefit for both the platform & the owner? Is there any reward mechanism for holding $FBS and what the benefits of token holders for the long-term?

FORBITSPACE:
FBS is the Utility Governance and Multi-chain Token of forbitspace with a total supply of 9,999,999,999 tokens. FBS token is now available on the five leading blockchains, which are ERC20, BEP20, SPL, Polygon, and Avalanche.
This is our contract address on ERC20:
https://etherscan.io/token/0xa953736904e23fafb42e353d4122420899999999

forbitswap is a capital-efficient AMM that supports several mainnets, including ERC20, BEP20, Polygon, Avalanche. The platform will be launched on May 12, 2022. Please stay tuned because more exciting news is on the way!
Native FBS tokens have been issued by the forbitspace protocol. It functions as a governance asset as well as a reward asset for different aspects of forbitspace’s liquidity providers. Its architecture also includes Space DAO, a decentralized autonomous organization that gives FBS holders a say in all important referendums on forbitspace and its elements, rewards strategy, product development, and so on.

The FBS token serves as a governance token as well as a utility token for liquidity providers of various parts of the forbitspace ecosystem, including AMM forbitswap with support on four mainnets, fee and bidding NFT artworks on the NFTSpace marketplace, and auctioning on IDO flybylaunchpad.

ONESHOT VENTURES:
Question 2
After seeing the Roadmap, your vision is very good. but it needs a large user traffic to be sustainable over time. What marketing strategies do you have planned to increase the validity of your brand? Are you planning a strategic partnership to level up your project?

FORBITSPACE:
We are now presenting two activities for users to earn free FBS on our site in order to entice the community to Forbitspace.
First is the Referral Program, in which an address receives 99 FBS for successfully introducing a new user to conduct a transaction on the platform.
And the Trading Reward, this is when you trade on forbitspace, you can get a trading reward.
Aside from that, we’re doing AMAs and working with a variety of influencers all around the globe.

forbitspace has teamed with 10 well-known crypto-newspapers from across the world. We’re promoting our projects on renowned websites where traders go to keep up with the latest cryptocurrency news.

ONESHOT VENTURES:
Question 3
Forbitspace has three goals towards users that you want to achieve which are the low fees, fast performance, deep liquidity. So how will you able to fulfill this goals in a midst of having more competitors in the market? How will you implement low fees?

FORBITSPACE:
The forbitspace API is a superset of cutting-edge discovery of all other DEX protocols at the best prices on the largest Ethereum, BNB Chain, Polygon (Matic), and Avalanche exchanges.
Smart order routing is also used by the API to automatically identify the best available rates.
forbitspace employs a more powerful algorithm that takes into account a larger data set for larger trades and better prices, as well as split routes that execute trades across multiple pools at the same time, the ability to optimize slippage, swap fees, and token prices, which, when done correctly, provide a better rate for users.
A swap transaction spread across numerous DEXs will provide a user with a better overall pricing than a single exchange swap.
The main goal of the forbitspace DEX super aggregator is to provide users with higher swap rates than any individual DEX can provide in the shortest amount of time. Protecting users from pricing effects and decreasing the likelihood of unsuccessful transactions are two other significant goals.

ONESHOT VENTURES:
Next we are going to last segment: LIVE QUESTION

COMMUNITY:
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??

FORBITSPACE:
The FBS token is used as a governance token as well as a utility token as a reward asset for liquidity providers of various elements of the forbitspace ecosystem, such as AMM forbitswap with support on four mainnets, fee and bidding NFT artworks on the NFT marketplace, and auctioning on IDO flybylaunchpad.

Utility: The token can be used on the forbitspace Liquidity Protocol as a connector to help achieve efficient token swap routing.
Governance: The token is needed for all governance voted on the forbitspace ecosystem.
Multi-chain: The token is available on the Ethereum, BNB Chain, Polygon, Avalanche, and Solana networks through a Bridge Space.

These FBS tokens are used on Space DAO (decentralized autonomous organization) to vote on the platform’s future developments.

COMMUNITY:
Trust is very important in business, what makes investors, customers and users feel safe when working with your project ?

FORBITSPACE:
Trading on forbitspace is safe. To assure users of the project’s usability and security, forbitspace brought in CertiK, a cybersecurity firm founded by Yale professors, to audit its code and activate CertiK Skynet, which is an on-chain security and data insights platform that provides 24/7 monitoring of smart contracts.

Hacken, one of the leading crypto audit companies, also participates in the audit of the forbitspace protocol.
Hacken là một trong những công ty kiểm toán tiền điện tử hàng đầu, cũng tham gia vào việc kiểm tra giao thức forbitspace.

You can learn more about the details here:
CertiK Blockchain Security Leaderboard: https://www.certik.com/projects/forbitspace

CertiK Skynet 24/7: https://www.certik.com/projects/forbitspace#skynet

Hacken CyberSecurity Services: https://hacken.io/wp-content/uploads/2022/01/Forbitspace_04012022SCAudit_Report.pdf

COMMUNITY:
Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?

FORBITSPACE:


You’re correct; collaboration is critical to any project’s success. forbitspace recognizes this and is always seeking to extend our partner ecosystem in technology, auditing, and marketing. The following photographs show the details

COMMUNITY:
I am interested in your project? Where can I buy your tokens right now? Is the price attractive to buyers?

FORBITSPACE:
Our native token, FBS, will be listed on MEXC exchange today on May 9th, 2022. Join the event to buy our tokens from today!
https://www.mexc.com/

COMMUNITY:
Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

FORBITSPACE:
Yes we do! You can watch the video tutorials on our youtube channel here to know how to use our platform: https://www.youtube.com/c/forbitspace
Besides, kindly follow our official channels to get the latest information from forbitspace:
Website: https://forbitspace.com/
Discord: https://discord.gg/CnJqNa2wfG
Twitter: https://twitter.com/forbitspace
Reddit: https://www.reddit.com/r/forbitspace/
Telegram: https://t.me/forbitspace
Medium: https://medium.com/@forbitspace

ONESHOT VENTURES:
Before AMA end, Do you want say anything with my community

FORBITSPACE:
thank you so much for those wonderful questions! Hope you can understand more about forbitspace from today’s AMA.
By the way, our AMM-base forbitswap protocol will be launched on May 12. Please look forward to it!

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