📣 BCT Blockchain Community 🇻🇳 AMA with Biget
📣 BCT Blockchain Community 🇻🇳 We are delighted to be holding a special AMA with Bitget
On October 29, 2020 at 19:00 (GMT + 7)
First step: Introduction
Saigon Silver12k: Hello guys. Today , Mr. Leslie Chen will directly answer questions from members of the community BCT blockchain Group and sharing information plan, upcoming Bitget exchange targets.
Before answer those 10 questions , could you please introduce yourself as well as about the Bitget to everyone ? ^^@Leslie_Chen
Mr. Leslie: Sure
I am Leslie, I joined in Blockchain field in 2012. After that I have managed multiple projects as well as established first LTC cloud mining pool in Singapore. And currently I am the COO of Bitget Global. My role is to manage and oversee Bitget global operations and business development, and to promote Bitget to users around the world.
Bitget is a world-renowned crypto derivative trading platform, providing 24-hour professional digital asset trading services to the world. It was founded in 2018 and headquarters established at the Asian financial center of Singapore. The team consists of a world-class financial team and aims to create the most professional and secure new exchange in the world.
At launch, Bitget offered regular exchange services. As the market for crypto derivatives grew rapidly, Bitget officially launched the USDT contract in July 2019. It is the first platform in the world that has both USDT forward contracts and inverse contracts, and the most complete platform for USDT contract currencies. At present, Bitget’s daily trading vol is around 1 billion USD and mainly contributed from derivatives products.
Recently, Bitget announced that it has officially completed $10 million USD in Series-B financing backed by Anlan Capital growth fund as well as South Korea-listed Japanese gaming company SNK, raising its valuation to USD $1 billion. Previously in 2018, Bitget received its Series-A funding of an initial $10 million USD by leading Blockchain investment funds.
Saigon Silver12k: wow that’s a very impressive profile, Bitget is being led by an experienced entrepreneur guys 😊
Wow that’s a big news about Bitget 👍👍
Really good to hear that information sir
So in order not to lose any more time, we will get into the session 1. The 10 best questions have been selected by Leslie Chen.
Mr. Leslie: thank you 😃
Saigon Silver12k: Are you ready sir ? 🤩
Mr. Leslie: Yep
Saigon Silver12k: Okay
Question 1: Is BITGET exclusive for only professional traders? What can you recommend for beginners like me ? @Cuzz1
Mr. Leslie: Bitget offers professional-grade trading platforms to support both beginners and expert-level traders. We provide excellent liquidity and the first platform in the world that has both USDT forward contracts and inverse contracts. If you are an ordinary trader, you can visit our help center, there many training tutorials. Also, we strongly encourage you to use our simulator to practice, totally free.
App embedded Copy Trade Function is another opinion for ordinary users as well as beginners. The “Copy Trade” allows user to copy the trader’s strategy from Elite Traders on Bitget.
User can select multiple preferred Elite Traders and follow them to automatically synchronize their trading behaviours to achieve profitability just by one click, no more keeping eyes on market. Of course, you can close position at any time if you feel the trader’s direction is wrong.
Done
Saigon Silver12k: wow, at Bitget there are many choices for professional traders like us. This is also a good opportunity to experience Bitget exchange guys 😉
That’s a nice answer sir
So we will continue with Question 2
Question 2: Can you give me 3 reasons why I should choose BITGET not OKEx Huobi ?
Username question: @maymzu
Mr. Leslie: For Okex, i think i don’t need to mention why 😅
Bitget is the first platform in the world that has both USDT forward contracts and inverse contracts, and the most complete platform for USDT contract currencies. Bitget has always insisted on carrying out business in various countries and regions under the premise of legality and compliance.
This year,Bitget launched App embedded Copy Trade system, This function provide the win-win solution for both users and traders. If the user unexercised can follow the Elite Traders’ strategies with one click, the trader can earn the profit rewards from the follower’s profit.
We focus on the Perpetual Contracts and we provide a fair trading environment to all traders and we provide excellent liquidity especially
done
Saigon Silver12k: Amazingly, Bitget is a new playground for us and definitely a reputable exchange. 👍
After listening, I also want to try the experience too sir 😊
Mr.Leslie: Yes you are most welcome
Saigon Silver12k: Yah, thank you sir 👍
So Question 3 for you
Question 3: Is there kyc option on the BITGET Platform do user need to kyc in order to use BITGET ?Username question:（@aokispo)
Mr. Leslie: For now, withdrawal crypto, deposit and Trading on Bitget exchange, KYC is not mandatory
done
Saigon Silver12k: Yes, we have a better understanding of Bitget sir 😊
So next is Question 4
Question 4: For what reasons advantages short and long term investors should prefer BITGET ? Any country specific plans to attract them? Username question: @nicotinma
Mr. Leslie: The advantages are as below:
1. Bitget has already attracted Top companies such as SNK and Nintendo, they invested Bitget as they see a huge potential in Bitget’s future.
- SNK
- Nintendo
- An Lian Capital, Consensus Lab, CollinStar etc.
2. Our technology team includes experts from numerous leading companies. Bitget have the independent research and development of the exchange systems and powerful risk control system,
- Full memory matching, matching engine never overloads with over 100,000 TPS dedicated to every single trading pair
- Horizontal expansion support for server
- The database adopts the most advanced 3 off-sites disaster recovery living solution
3. Update and customize products based on market changes
- Contract trading complete loop
- First platform to equip with both USDT and inverse contract
- Excellent liquidity
- App embedded Copy Trade system
- Reasonable index price to prevent early liquidation during volatile market
- No system overloads
4. Invested in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.
- Top security specialist
- Invest more than $1m on security
- SSL level highest ranking A+
- Cold, warn, hot wallet infrastructure to protect funds
5. We care our clients and keep improve to give you the best possible trading experience.
- 24/7 OTC
- 24/7 customer service
- Other platform’s VIP is Bitget’s VIP
6. We have assembled a team of professionals who come from a wide range of financial and with related crypto experience backgrounds.
— Team members are from top-tier companies like JP Morgan, Alibaba, Google, Binance, Huobi and Okex.
done
Saigon Silver12k: wow I was really impressed with the investment funds for Bitget and how well they prepared before releasing Bitget exchange.
That’s so cool sir 👍
So let’s move on to question 5, which is also a very good question.
Question 5: In real cases at some Futures exchanges when trading volume increases suddenly or volatile market their websites are easily crash. That makes negative affect users so how will BITGET solve this on BITGET platform?
Username question: @mapivr
Saigon Silver12k: @Leslie_Chen your turn sir 😉
Mr. Leslie:
As I mentioned just now, Bitget is focusing on derivatives trading, so all our system infrastructure, security, risk management control etc are all specially target for derivatives trading, no system overload in Bitget.
Bitget attaches great importance to the construction of infrastructure and has built a top technical team and security team in this industry and is equipped with a dedicated Risk control department.
The core members are from well-known internet companies or enterprise with extensive technical experience and deep understanding of sophisticated risk factors that need to be addressed within the trading ecosystem.
Higher liquidity usually creates a less volatile market, several commonly used measures of liquidity are calculated for all three futures contracts, like: Orderbook Depth, Bid-Ask Spreads，Trade Sizes etc. As we mentioned before, we can provide super excellent liquidity to face this issue.
done
Saigon Silver12k: Yes and I trust Bitget, I was so tired of using Binance or Okex during a period of market volatility.😅😅
You guys should try out at Bitget 😉
So here is Question 6 for you sir
Question 6: What is the difference between spot and futures ? How you plan to gain a spot trader into futures platform ?
Username question: @muaouv
Mr. Leslie: Spot trades involve financial instruments traded for immediate delivery in the market.
Futures we also named it Perpetual Swap contract. The Perpetual Contract is similar to a traditional Futures Contract, but has a few differences:
• There is no expiry or settlement.
• Perpetual Contracts mimic a margin-based spot market and hence trade close to the underlying reference Index Price.
o The Funding mechanism is used to tether contracts to their underlying spot price.
o This is in contrast to a Futures Contract which may trade at significantly different prices due to basis.
- Each perpetual contract has its own details which can be found in its Contract Specifications. These details include:
o Reference Index
o Funding Rate
o Maximum Leverage
done
Saigon Silver12k: wow, very interesting sir. I have noted and will soon trade in Bitget about these types of contracts, i swear 😉
Thank you for detailed answer !!
Now we still keep going with Question 7
Question 7: Most of the exchanges today have incentive plans for newcomers. Do you have any joining rewards for the newcomers and what is the criteria to get the reward? Username question: @abhisheksharmaas
Mr. Leslie: Users we will provide free trading bonus via valid invitation link and deposit rebate. U can close monitor the announcement and I think there will be some event soon for BCT Blockchain.
done
Saigon Silver12k: Yes we are looking forward to that day sir 😉
I have noted it 👍
So next Question
Question 8: Also Could you share about how your security system provide good service protect user asset and data?
Username question:@baiou
Mr. Leslie: Leslie, [29.10.20 19:30]
All Bitget’s servers adopts the most advanced 3 off-sites disaster recovery living solution — which means 1 database down or overload, another 2 are still running with full data, and the 3 databases are physically separately in 3 different countries.
Leslie, [29.10.20 19:30]
Bitget have the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers.
Leslie, [29.10.20 19:30]
Bitget has also invested a lot in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.
You can go to https://www.ssllabs.com/ssltest/, key in bitget’s domain (www.bitget.com) to check.
You will get this for bitget, many exchanges are rated as A or B+/-
Leslie, [29.10.20 19:31]
Recently, Bitget has been listed on CER and ranks Top 10 by CER cybersecurity score (CSS).
Crypto Exchange Ranks (CER) rolled out their latest ‘Top 100 Exchanges by Cybersecurity Rating’, in which Bitget obtained 8.72 points on their Cyber Security Score. We top the list as the most secure crypto exchange.
According to HackenProof’s assessment, Bitget is equipped with an extraordinarily secure infrastructure.
done
Saigon Silver12k: wow, that’s a great achievement and it speaks volumes about the professionalism in the Bitget team’s way of building trading platforms. Really congratulate Bitget team for the above achievements.
we are very appreciate this sir😘
Mr. Leslie: 😁😁
Saigon Silver12k: Okay so we will move to Question 9
Question 9: Copy trade is very suitable for users who do not have enough time and knowledge. Does BITGET have plan to add that feature? Username question: @loliloper
Mr.Leslie: In current market, there are only few platforms provides copy trade function, Bitget launched this function early of this year. I think we are the most professional platform to provide this in the market.
This feature allows user to copy the trade strategy from Elite Traders on Bitget. It is user-friendly to those without or primary contract experience, user can select multiple preferred Elite Traders, and follow them to automatically synchronize their trading behaviours to achieve profitability just by one click, no more keeping eyes on market. Now the users can make more profit without understand market behaviour, devise a trading strategy, and you can significantly reduce, or even completely bypass analysis altogether. If you be the Elite Trader at Bitget, you can earn large profits from your ability, fully realize the benefits. You can refer the picture, we are the highest profit rewards platform, all the traders can get 10% from the follower’s profit.
Currently we have Bitget Elite Trader Recruitment Program II for the professional traders.
You can read here:
https://bitget.zendesk.com/hc/en-us/articles/360051740491
done
Saigon Silver12k: Great, me and the members of BCT Blockchain group will be on the list soon 😂😂
Haha okay
Now here is the last question of session 1 for you sir
Question 10: What are the best products that BITGET is focusing on to attract more users such as: futures Lending…
Username question: @saoemvopz
Mr. Leslie:
Bitget is a world-renowned crypto derivative trading platform, Bitget is the Exchange We have USDT and inverse swap contact.
We focusing on Prep contract and “CopyTrade”. In current market, there are only few platforms provides copy trade function, we want the users earn like a Pro with Bitget CopyTrade function, they just need know basic trading terms and copy the trade with one click button.
Let me explain a bit more about the advantages about copy trade:
a. We all know that we are not able to watch on chart for 24 hours, we have our lovely family, we got study or work, even when we sleep, we cannot do trading, so in another words, our money are fully utilized. So copy trade is enable your bitget account to automatically follow Elite trader, when trader starts to trade, then your account will start also.Regardless you are online or offline.
b. There is no latency for receiving trading signal from someone, copy trade will sync trader’s behaviour without any delay.
c. If you find that trader move to wrong direction, you can close the position at any time, so copy trade give you sufficient flexibility to safeguard your funds.
There are 1000+ elite traders on Bitget platform now, all the traders are strictly audited by Bitget, this is a consistent process, to make sure the transaction and all the affairs transparent, historical transactions publicly visible and multiple famous strategists are at your disposal.
We also do the weekly TOP Trader announcement, so this is another way for your reference.
Here are some general tips:
Look for traders’ total P/L. We provide the ranking of the Total profit which is the traders who deliver consistent results over time.
The Win rate, this is the average 3 weeks winning percentage of the traders. We also can analysis if the trader will probably carry a high drawdown risk
You also can check the trading order/Numbers of followers and history as your reference
done
Saigon Silver12k: This is really a great strategy, Bitget is investing heavily in marketing at the moment. I really appreciate this wise strategy sir 👍👍
So we conclude Session 1 with 10 great questions. Thank you so much for sharing with us about Bitget , so enthusiastically.🤩🤩
Now I will count to 5 and our session 2 will begin. Are you ready sir ? 😊
@Leslie_Chen
Mr. Leslie: Sure. let me get some coffee LOL
Part 2: People ask questions about Biget to guests directly (will choose 10 questions to award)
Saigon Silver12k:
Hahaha okay sir
1
2
3
4
5
︵❣️Kim AI︵❣️:
How many people are using BITGET right now? What’s the volume processed through the platform?
Mr. Leslie: Register users are approx. 1M, daily active user on bitget is about 10K. To count on BTC/USDT trading vol, it is around 10B USD daily in average.
Karla Herrera Pulido:
🔸🔸🔸🔸🔸🔸Recently, CER awarded them 8.72 points in cyber security, and although this is a great achievement, you can always do better. Are they working on a strategy to increase their score in the next evaluation?
Mr. Leslie: To continue our effort on security job, and we have invested more than 1M USD on security hardware and software. In addition, we are planning to get insurance for Bitget user, just in case of anything happened, our users are get covered.
Saigon Silver12k:
Just keep going sir 😊
@Leslie_Chen
Phước Sang:
what companies are you partnered with or seeking to partner with in future ?
Mr. Leslie: Yes, we keep looking for partners in the crypto industry. Basically, if you are a contract trader and / or have your own community, we are happy to establish partnership with you.
For partnership, you are get:
- High commission rebate
- Marketing fee subsidy
- 1-on-1 BD manager support to expand business
- Customized marketing campaign for your community
- Bitget exclusive gift pack
and many more to refer this webpage:
https://www.bitget.com/en/becomepartner
MIU A:
How does BITGET solve the problems that exchanges are facing: system overload lack of liquidity hacker attack?
Mr. Leslie:
For system overload, Bitget never occurred this kind of incidence whatever the market condition is. We have invested huge funds on hardware and software algorithm to ensure the stable system running.
For liquidity, you may compare Bitget’s liquidity with Binance or other top exchange, we are almost the same or even sometime better than them.
For hacker attack, I’ve mentioned just now, security is one of our most focused area. Firstly, as mentioned just now, Bitget has been in compliance with policies and continued efforts to regulate operations；
Secondly, we have professional security team, Bitget have the independent research and development of the exchange systems and powerful risk control system, using bank-level SS data encryption guarantee, real-time monitoring of balance detection system, built-in DPI active defense system, and self-developed wallet warning system. S ++-level protection of user transactions and assets and have stood up against hackers. Bitget has also invested a lot in setting up a security department since Nov 2018, ensuring exchange security and user security as an important feature.
Cuddle bug:
To educate a newcomer using your platform easily do we have videos or documentation?
Mr. Leslie: Yes, new user can go to our Zendesk help center to get the necessary infos. Also, Bitget Youtube channel posts some training video for new users.
https://www.youtube.com/channel/UCA8wRGXdnCEp6Yw3uxVdv6w
User are also welcome to join our other social media or telegram group
Twitter
https://twitter.com/bitgetglobal
Facebook
https://www.facebook.com/BitgetGlobal/
Medium
https://medium.com/bitgetglobal
Reddit
https://www.reddit.com/r/BitgetGlobal/
Telegram Group
https://t.me/bitgetEN
Angelo Salas: A few days ago Bitget announced its partnership with Sirius Trader. What benefits will this collaboration bring to you? How do you expect this to contribute to your growth and development?
Mr. Leslie: SIRIUS Trader is a cryptocurrency trading tool that allows the user to create their own cryptocurrency trading strategies by selecting specific technical criteria with simply clicking. This partnership will better serve Bitget users and clients in terms of Future.Currently Bitget support users to create API key.So you Create API key in SIRIUS Futures via Bitget.This strategic partnership is provide users another way to provide the users to feel the attractiveness of system trading as much as possible more openly.
Lfer Sfer ♠️♠️♠️: Copy trade is the trend this year is much loved. Does BITGET have a plan for developing a copy of trade?
Mr. Leslie:
We launched this copy trade early of this year and will release the fourth version soon. We have been making significant steps in our efforts to lower risks by encouraging sustainable and responsible trading and promoting consistent long-term profits. We will keep updating and optimization the CopyTrade function to provide better user experience and focus on SEA market.
Jesus Freites: Q: If I win, what are the benefits of being a “Bitget Top Trader”? What are the qualification criteria for participating in this contest?
Mr. Leslie:
We have Bitget Elite Trader Recruitment Program II for now to invite the professional trader to join us .You can read here for more details:
https://bitget.zendesk.com/hc/en-us/articles/360051740491
Every week we will assess the traders based on their profitability and activity to pick out the “Bitget Top Trader”. Bitget will also provide social media, official websites, digital communities and other media exposure for the Bitget Top Traders, to give them a boost in traffic, in order to help offer high-quality services to more users.
Ranking Criteria:
Profitability (40%): The trader ’s total earnings for the week
Activity (60%): The number of followers within one week
Saigon Silver12k:
we have only the last 2 questions left now 😊
great to see you responding enthusiastically sir 👍
Luv Luv: What are your goals to make crypto money markets safe and accessible especially to enable large and institutional investors to invest?
Mr.Leslie: Bitget has always insisted on carrying out business in various countries and regions under the premise of legality and compliance, expanding its international strategic territory and achieving global compliance operations. Bitget is committed to becoming a benchmarking platform for global compliance operations in the industry, providing the most compliant, safe and professional digital currency trading services for users worldwide.
As of now, Bitget has attracted many institutional investors, they are mainly qualitative trading hours or fund management team, because we are safe, stable and excellent in liquidity.
Dilys Ada:
Can you share with us some of the future plans such as the marketing development plan and recent activity plan for the BITGET?
Mr. Leslie: Bitget is focusing on SEA, Korean and Japanese market now. Vietnam for sure is one of our key country to penetrate. We are consistently running various marketing campaigns and promotion, keep tuned on our telegram group and social media.
Bitget English group: https://t.me/bitgetEN
Bieget Vietnam group: https://t.me/bitgetVN
Saigon Silver12k:
Alright, you guys are on fire. So i think most of the important questions have been already answered and we are very happy for your enthusiasm.
😊😊
so before we officially end this session. Do you have something to share into the community?
@Leslie_Chen
Mr. Leslie: Nope, thanks bro and BCT Blockchain community
Saigon Silver12k: Okayy
Mr. Leslie:
Impressive and organized AMA
Thank you for spending your time with us today it is really a fun session.
Have a nice day sir
Mr.Leslie: Thanks you
— — END AMA — —
