👉 Part 1 : Basic Introduction of Okex and Guest Chung Đào, Community Manager OKex Viet Nam.
👉Part 2 : Guest Chung Đào, Community Manager OKex Viet Nam will answer VIC GROUP (https://t.me/xoadoigiamngheo) questions.
👉 Part 3 : All members can ask anything directly about RIO project.
👉 Part 4 : Bonus Time. Reward: $5 / best question.
TieuMai:
Now, AMA group would like to turn off chat so that the ama session can begin.
Today’s AMA, we will have Guest @chungdao, Community Manager of OKex.
Chung Đào:
Nice to appear as a guest, dear family.
Part 1: The guests introduce themselves, and then the VIC representative will ask the questions prepared for the guests to answer.
TieuMai:
Please @chungdao to introduce yourself and OKex so everyone who attend AMA will know.
Chung Đào:
Hi VIC community, My name is Chung Dao, I am working at OKEx as Community Manager and also marketer who plan and run OKEx promotion campaign.
OKEx is one of the biggest Cryptocurrency Exchange in the world, as we know that OKEx is now ranking on top 2 at CMC and Coingeko.
OKExs’ main products are Spot trading, Derivatives and also Defi — big trend in 2020.
A few brief introduction, hopefully it will be more thorough in the near future when you guys use OKEx more and more.
TieuMai:
Thank you @chungdao for introducing interesting information to everyone joining AMA today to learn more about yourself and OKex exchange.
Here on behalf of the VIC community, I will have a few questions for you.
@chungdao are you ready?
Chung Đào:
Very willing!
👉Part 2 : Guest Chung Đào, Community Manager OKex Viet Nam will answer VIC GROUP (https://t.me/xoadoigiamngheo) questions.
TieuMai:
Question 1: What do you think about the current Defi trend? In your opinion, what is the factor that helped DeFi have a great attraction to the market.
Chung Đào:
A very good question, and bet the VIC brothers are also very interested.
This defi trend in 2020 is a new, strong and special wave, I personally consider it even more attractive than ICO in 2017.
Because it has something that ICOs or others have not yet done.
The core lies in “Decentralized”.
Surely a lot of you are thinking that Blockchain is inherently decentralized, so what are the exchanges, normal projects from previous years are not defi, but have to wait until The new defi year 2020 comes into full bloom.
The fact is that these exchanges or projects are essentially centralized, while the exchange still has the holding company, and the assets used are managed through wallets on the exchange.
Currently, quite a few large exchanges have their own DEX focusing on defi coins.
Everyone already knows the YFI token — the defi code exceeds the BTC price including OKEx DEX, revealed that in the coming time, YFI will be present on OKEx DEX and have the first AMA session with Vietnamese communities, including OKEx VN and possibly VIC.
TieuMai:
Thanks for @chungdao’s answers and interesting comments about the upcoming events.
We will move on to question 2.
Question 2: The strong growth of DeFi on the BlockChain platform is a dark signal when it contributes to the increase of new economic values. However, too fast to increase and expand can have potential risks as many people are affected by large amounts of Fomo. What do you rate about this? And what should users be careful about?
Chung Đào:
As in 2017, dozens of projects sprouted like mushrooms, good for the general development of the market, but there will be mixed gold.
In this new wave, investment opportunities for huge income are accompanied by the risk of loss due to lack of understanding.
So, be really careful and filter your information when choosing a defi project to invest in. Liquidity is the most important keyword to distinguish fake real also because of Defi’s decentralizated that we should be wary if we do not want to lose money injustice.
Should choose big DEX exchanges like OKEx to invest in, avoid unrecognized projects.
TieuMai:
Thank you for sharing @chungdao
Here’s the next question for you: D
Question 3: Which outstanding DeFi projects are being cooperated by OKEx? How will Okex play a role in the development of decentralized finance projects in the near future?
Chung Đào:
Defi’s strength is undisputed, as large exchanges like OKEx have to dedicate one category to Defi. Currently on OKEx, you can easily filter the defi projects that are present.
Everyone knows about Compound, one of the first defi projects listed on OKEx, besides JST — upcoming AMA with Justin Sun on OKEx VN and YFI — crazy defi.
With the decentralized exchange OKEx DEX, OKEx is serious and will be one of the key to the stronger wave of Defi.
Let’s wait together, everyone!
TieuMai:
Here we go to part 3 of tonight’s show, the group will be open for 2 minutes so everyone can ask questions for the guests.
👉 Part 3 : All members can ask anything directly about RIO project.
Question 1: In the coming time, how will OKEX and Defi projects support each other to jointly develop and further expand DEFI’s applications?
Chung Đào:
There will be a lot of promotion programs of the two parties to co-organize, the upcoming typical campaigns will be OKEx vs JST campaigns with Justin Sun and a few campaigns with Compound, YFI.
Question 2: Are there any plans for a Decentralized Exchange (DEX) from Okex? Like Binance DEX?
Chung Đào:
For sure, and will be stronger than any DEX you know, but can not reveal, everyone waiting together.
Question 3: What is the Okex strategy in dealing with this large crypto market? I mean in handling investors to keep trading in Okex, adding new communities, increasing market liquidity. Also, what are your own targets for 2020 and 2021?
Chung Đào:
As you know, OKEx now is one of the best exchanges in the world, we have license in Japan, Korea, South and North America also be soon. Our aim is become Global Exchange which has 90% market; and we are doing this well
Question 4: In each IEO session on okex what are the things that are needed to participate? Do we need to hold OKB?
Chung đào:
There are 2 IEO sales rounds, round 1 is for OKB holders and round 2 is for people with large enough spot trading volume (since account opening)
Question 5: Currently, the DEFI tokens after the list usually have huge price fluctuations, so in the coming time, will OKEX set up a price protection ring to protect users?
Chung đào:
More than that, OKEx has very strict terms and conditions for any project in general and defi project in particular that wants to be listed on OKEx. However, in addition, we also have advice for investors: investing always contains profits and risks, so have rigid rules to protect your money, avoid using emotion when pressing the button!
👉 Part 4 : Bonus Time. Reward: $5 / best question.
Question 6: As a community member of OkEx, what incentives are available for me?
Chung đào:
Admin team supports 24/7, beside, we also can cooperate with every members who have their own community, we have good policy for Global partner.
Question 7: In situations of volatility, how concrete is SL ( STOP LOSS ) and TP ( TAKE PROFIT ) markers. I have encountered in the past that these markers were violated. Is there a safer way to circumvent this problem?
Chung đào:
Just make sure that you set market price for order price, and we are very happy to inform that OKEx now have OCO order — follow that users can set TP and STL at the same time safely.
Question 8: What is the role of OKB in the Okex exchange? Will people who hold OKB tokens in their accounts receive any benefits?
Chung đào:
Token representing the exchange, when you hold OKB, you will receive a discount, the opportunity to participate in major events (requires users to hold OKB such as Jumpstart), and one thing is easy to see that the price of OKB is non-stop. Increase profits for long-time holders, those who hold for more than 1 year have great profits.
Question 9: OKB is a utility token issued by OK Blockchain Foundation in OKEx platform. Do you have plan to list OKB in other exchanges in the future?If yes, where would it be?
Chung đào:
Yes, we are and will do it, if you search OKB con Coinmarketcap, you can see over 50 exchanges have OKB already.
Question 10: Will Okex invest in a DeFi project in the future? I look forward to the fact that your upcoming IEO will be a Defi project.
Chung đào:
A very good question, and also very interesting. Maybe this will come true, I personally look forward to it :)))) There is a joke like this: BTC sometimes defi!
Just qualified, the project is good enough and quality, OKEx is not afraid to bring good projects to users, to us the user is the number one important!