Mr But ( host AMA )
The Group asked to be Muted for the AMA to take place
Today we will have an AMA with Hotbit as a Bitcoin and virtual currency exchange established in 2017, based in the US with guest Alex.Zhou CSO of HOTBIT exchange
We ama will consist of 3 parts
👉 Part 1 : Basic Introduction of HOTBIT exchange and Alex.Zhou CSO of HOTBIT exchange
👉Part 2: Guest Alex.Zhou CSO of HOTBIT exchange will answer community questions form to twitter
👉Part 3: All members can ask anything directly about HOTBIT exchange
And we’ll start with Part I : Basic Introduction of HOTBIT exchange and Alex.Zhou CSO of HOTBIT exchange
Please introduce yourself and the HotBit exchange to everyone @hotbit_alexzhou
Mr.Alexzhou
Thanks, Mr.But. I’m CSO of Hotbit, Alex.
I know many places in Vietnam have suffered serious storm, thanks for VIC community members to be here to join the AMA.
Hotbit, as one of the most famous digital assets exchange platform, was founded in January, 2018 in Hong Kong, China and had gotten the compliance licence from Estonia, USA, Australia and Canada.
We have extended our business reach to over 210 countries and regions and gained 1,000,000 registered users around the world. CoinGecko graded Hotbit 10 points in trust scoring which means we have ranked the Top 20 globally. Hotbit is keeping following the concept of “decentralization” of Blockchain. With your support, we will do better in the future! Done
Mr But ( host AMA )
Thanks for the brief introduction I have one more question : We all know Hotbit is booming in overseas markets. Alex, could you please tell us the developing situation in foreign markets? @hotbit_alexzhou
Mr.Alexzhou
Alright. Hotbit has followed a global strategy. We launched HOTBIT Korea in June 10, 2020, which marked a new phase in the global strategy after obtaining the compliance licence of Estonia, USA, Australia and Canada. HOTBIT Global will keep cultivating latest overseas markets, HOTBIT US, HOTBIT RU and HOTBIT India will come in the near future.
Besides, Hotbit always takes a closer look of projects from a global perspective. We keep in step with hot assets and popular sectors.
For example, Hotbit create several sectors for popular projects, the hot public block chain sector with Holochain, BU, CKB and KDA, anonymous assets sector with Beam, Grin, MWC and UFO, storage sector with FIL and MASS, DEFI sector with COMP, BAL, TRB and Nest, Polkadot sector with DOT (Futures), PCX and KSM, and mining coin sector with AXE, IMG, HNS and PGO. In this case, our users are able to have the access to invest quality projects at very early stage. Lastly, Hotbit’s users are from all over the world. Similarweb, Russia, USA, India, Indonesia and Ukraine ranked Top 5 in registration among Hotbit global users. Done
Mr .But (host AMA)
Thanks for the wonderful answer and it also ends part I and we will continue with part II
👉Part 2: Guest Alex.Zhou CSO of HOTBIT exchange will answer community questions form to twitter
We’ll start with the first question: Many exchanges have poor customer service support. How’s the situation with HOTBIT ? How knowledgeable and readily available is your support?
Mr.Alexzhou
For Hotbit’s customer service support, I am confident with it. Hotbit supports six languages and provides 7*24 hours online support to ensure quick and high-efficient service for our global users. Users can ask for Hotbit support team’s help with any questions about transaction, withdrawal or other issues. As a user of Hotbit, there is no need to worry about service. Hotbit follows long-term and user-centered vision.
Whenever you meet issues, please contact our support team. They are always here to help you with their professional knowledge.Done
Mr .But (host AMA)
Thanks for the response from the guest about the support service, we will continue with question 2 : At the moment , what’s Hotbit focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you explain it to Vic community ?@hotbit_alexzhou
Mr.Alexzhou
In fact, products, users and cooperation that mentioned in this question are all important for Hotbit.
These elements are necessary for the long-term development of exchanges.
Hotbit has always taken users and users’ asset as the top priority. Hotbit has reached a strategic cooperation with the industry’s top audit team, SlowMist Technology and Chengdu LianAn, to monitor potential security issues for Hotbit and provide quickly solutions to protect users’ assets security.
As for products, Hotbit has been continuously developing and launching digital asset derivatives. This year, we launched ETF section and perpetual contract trading section. (For more information:
ETF section: https://www.hotbit.io/exchange?symbol=BTC1D3L_USDT;
Contract trading section: https://www.hotbit.io/swap/exchange?symbol=BTC)
We will provide more diverse products for users to choose.
For cooperation, we are glad to join ADA (Asia DeFi Alliance) recently to work with other members of ADA to build a more complete DeFi ecosystem, leading it to grow in a more healthy way. We are willing to cooperate with more good partners and good projects.Done
Mr.But ( host AMA)
Thanks for the answers and updated product information at HotBit, we will continue with the third question: What is HOTBIT’s plan to attract new users in the future? I trade on the Binance and Kucoin exchanges regularly. What is the reason why I should add HOTBIT in my list of preferred trading platforms?
Mr.Alexzhou
Firstly, Hotbit attaches great importance to users’ privacy. You are able to register a Hotbit account easily and conveniently without KYC. It is this feature that makes Hotbit more like a “decentralized” platform.
Secondly, Hotbit is known as the cryptocurrency platform which has listed the greatest number of token projects worldwide. You are able to trade almost all projects that you like on Hotbit. Join Hotbit to earn a fortunre.
Thirdly, Hotbit has the greatest number of investment products for users to choose and gain great profits. I believe that you will find one that could meet your needs.
Check here: https://www.hotbit.io/invest
Mr.But ( host AMA )
Thanks for the reply from the guest we will continue to question 4 : Can you list killer features of Hotbit that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ? @hotbit_alexzhou
Mr.Alexzhou
With the fast development of blockchain, Hotbit faces not only CEX competitors, but also DEX competitors.
Compared with other centralized exchanges, the greatest feature of Hotbit is it more like a “decentralized” platform.
No KYC, users are able to create an account without providing personal information.
No upper limit for withrawal, users are able to withdraw their assets as they like.
Compared with DEX, Hotbit shows its advantage in providing diverse investment products for users. No matter you prefer high risk,high profits products or risk free, stable profits products, Hotbit could meet your needs.
Mr.But ( host AMA)
Thanks for the answers about the service and we can withdraw money anytime, anywhere as long as there is internet
Mr.Alexzhou
Yup! Hotbit is you bank of cryptocurrency assets!
Mr.But ( host AMA)
we will continue with the last question and conclude part II : What is difficulities and chances that HOTBIT face right now while crypto/blockchain market is still young and need time to grow?
Mr.Alexzhou
Blockchain, no matter see it from the technical level or the digital currency level, it is no longer at the initial development stage. It is growing.
At the growth stage of blockchain, Hotbit faces common difficulties just as other cryptocurrency platforms are facing, like the limitation of different countries’ policies, cultures, and economics. What we should do is to follow the trend and develop business under the premise of being legal, compliant and reasonable.
Opportunities always appears with difficulties! Hotbit will adhere to it’s original intention to provide more good projects and products for users. Hotbit will insist on building Hotbit into the “Amazon” of the cryptocurrency market and providing digital asset investors with safe, professional, flexible, diverse and highly efficient trading services.Done
Mr.But ( host AMA)
Thanks for the answers about the growth and how Hotbit expanded its network in all parts of the world
We will conclude part II and continue with part III
👉Part 3: All members can ask anything directly about HOTBIT exchange
Note everyone after the end of Part III we will have an additional event section from HotBit
The group will be unmuted within 2 minutes for everyone to ask questions
Question : For traders and investors, assets’ security is the first priority when choose exchange for trading. Is it secure to trade on Hotbit? Why you think Hotbit is secure enough?
Let’s start with the question about security.
Actually, assets security has always been the top priority of cryptocurrency trading platform.
As a world-renowned cryptocurrency trading platform, Hotbit implements the same-level multi-module architecture of IT control logic in the financial industry to ensure stable operation of the system; front-end and back-end design, multi-node and multi-module distributed deployment allows horizontal expansion capabilities which could provide more efficient service to more users.
While consolidating our own technical support capabilities, Hotbit has reached a strategic cooperation with the industry’s top audit team, SlowMist Technology and Chengdu LianAn, to monitor potential security issues for Hotbit and provide quickly solutions to protect users’ assets security. Hotbit has maintained an impressive record of zero loss for user due to platform vulnerabilities.
Hotbit exchange security ranks 9th in overseas authoritative institutions’ evaluation, refer to the link:
https://icorating.com/report/exchange-security-report/
Question : Many CEX are facing issues with liquidity, what does Hotbit do to improve liquidity?
Mr.Alexzhou
It’s normal that there are projects with good liquidity while some other projects with poor liquidity. Hotbit allows users to put hidden orders which will not show on board but will be recorded in volume.
Hotbit tries its best to provide users with satisfactory services and encourage market makers to provide good liquidity. From February 11, 2020, the basic transaction fee rate of Hotbit has been adjusted from 0.1% for both maker and taker to maker-0.05%, and taker 0.2%. The total basic fee rate for a single transaction is reduced by 25%. The aim of this adjustment is to encourage more investors to provide liquidity. Besides, to encourage large capital and MM teams to settle in, Hotbit has opened up user rate rating system and trading API.
Question : Does $HTB has any use cases? What will $HTB holders be benefited?
Mr.Alexzhou
Yes, $HTB, like $BNB and $HT, is platform coins issued by exchanges. Users who hold $HTB are optimistic about Hotbit’s future development and are willing to grow together with Hotbit.
Of course, $HTB has its use cases. Firstly, users are able to use HTB as transaction fee while transferring on Hotbit. Transferring funds within Hotbit will cost 20 HTB(Hotbit Token) (just $0.09) . All HTB tokens which collected as transaction fee will be burned which benefits HTB holders. Besides, users who holding HTB will enjoy high rebates for referral.
For more information about HTB, please visit the following website:
https://hotbit.zendesk.com/hc/en-us/articles/360002505954-HTB
Question : What do you think is the biggest difficulty of HOTBIT when it comes to Vietnam market? In Vietnam there are also many domestic exchanges, what makes you most confident to compete with them?
Mr.Alexzhou
Vietnam market has great potential in crypto industry. There are many good projects which we are glad to have cooperations.
All Vietnamese, especially young Vietnamese that I know, are full of passion for life. Crypto industry is still young and full of opportunities, it needs the energy and passion like Vietnam markets is showing. Hotbit looks to the development global market while taking its step to develop local markets, such as Vietnam market, firstly. Because the success of global market is relying on local communities and local markets.
We sincerely invite all good Vietnam projects to join Hotbit and good local exchanges of Vietnam to cooperate with Hotbit. I believe we will bring both projects and our users unexpected future.
Question : What’s strengths of HOTBIT and how it stands out from the rest of the competitors?
Mr.Alexzhou
Through Hotbit team’s efforts, Hotbit has been the trading platform with world’s greatest amount of mining token/coins, the trading platform with world’s greatest amount of anonymous token/coins, the trading platform with most amount of pairs; the trading platform with most amount of staking tokens/coins.
It’s the “Amazon” of cryptocurreny world. Enjoy your shopping here!
Mr.But (host AMA)
“AMAZON” on the internet you want to shop
“HotBit” invests what you want😍😍😍😍😍
Mr.Alexzhou
Thanks~VIC community
We will have an AMA in @HotbitVietnam_group tmr, welcome to join us
Thanks for your time
Mr.But ( host AMA)
Thank you guest @hotbit_alexzhou for joining our AMA today and thank you for being here today.
💥NOTE: Please make sure to complete steps:
1. Join Hotbit Exchange Hotbit Vietnam community
2. Follow Hotbit exchange, VIC group and Megala on Twitter
AMA END