we hosted an amazing AMA with ByTrade on the 6th of October
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as ByTrade ?
I am Abigail, the Head of Marketing at ByTrade.
ByTrade is the fastest-growing crypto exchange located in Europe. Since its establishment in 2017, it has more than 5 million users worldwide. The company is headquartered in Lithuania and has more than 200 global employees, all of us focused 100% on ByTrade.
Q2. What are the advantages of Your Exchange ?
ByTrade offers partners and users a safe and convenient way to trade cryptocurrencies and earn passive income via our native coin ByTrade Token (BTT). BTT is implemented in three re-encryption methods on the trading platform and has its own trading facility, where users can use BTT for activities such as trading and buying digital assets on CEXs and DEXs.
The most killer feature is the smooth and effective referral program, which can bring prominent results to users who participate in the program.
Q3. please tell us about the goal you want to achieve this year.
We are aiming to complete our IEO round of BTT and focus on research to further develop our ecosystem to the next level.
Q4. Every project has a story behind its name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
We are a team of developers in the blockchain industry for over 8 years and understand the pain points of end-users, developers, and anyone in between. The idea is built around connecting users, developers and exchanges under one hub to improve efficiency and encourage crypto trading.
ByTrade is the hub using Aggregate Trading as a partner of large exchanges such as Binance, Coinbase, etc. We provide users with one-stop trading services with high liquidity performance. We will successively launch optimized trading functions such as aggregated trading, social trading, and strategic trading to provide more services for customers. Our goal is that customers can get all trading services with the best liquidity, the best trading price, and the best trading strategy on ByTrade.
And here we will put best questions from our members and ByTrade fans:
Q1. Can you list 3 killer features of your project that make it ahead of competitors? What are the competitive advantages that you feel most confident about?
BTT can be used in the BT ecosystem. Used for paying transaction fee, for staking for admin nodes, for BT defi system, for BT gaming system, for gas fee on BT chain, for any payment in BT ecosystem. BTT is implemented in three re-encryption methods on the trading platform and has its own trading platform, where users can use BTT for activities such as trading and buying digital assets on CEXs and DEXs.
The most killer feature by far is the referral program, which can bring prominent results to users who participate in the program.
Q2. What are the long-term sustainable value drivers for the BTT Coin?
The long-term driving factor of BTT is the stable development of the ByTrade platform. The continuous growth of users and transactions can bring a stable source of revenue to BTT. Apart from this, we have ambitious future plans to enhance our platform with more unique features for investors, traders and gamers.
Q3. What’s your outlook on the future of cryptocurrencies? What can we do to keep increasing adoption?
The future prospects of cryptocurrencies are generally positive, and decentralized asset allocation will gradually become people’s daily choices. We mainly provide a value-preserving and value-added platform service for users of encrypted goods.
Q4. Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token?
Because we are supported by a strong trading platform, holding BTT will be able to enjoy various activities and trading discounts on the platform, and will also add value in the secondary market. The constant total amount of tokens and the regular burning mechanism also ensure the scarcity of tokens.
Q5. Currently, Binance smart Chain blockchain trending topic and It’s having high transaction speed and cheap gas fees, Are you planning to Moved other blockchain or launch your mainet in the future?
Adoption and development will always be our top priority.
In the very near future, the BTT Coin shall be migrated to ByTrade’s own BT Chain ecosystem, the BTT Chain which will have similar benefits as BSC.
The BT ecosystem will deliver a secure, fast, and seamless trading experience, fueled by BTT. It will offer lower gas fees, discounts on transaction fees, and massive bonuses on referrals.
We will constantly focus on further development of our payment gateways and optimizing our on-boarding process.
Q6. Can you give an overview of your Tokenomics, and the UTILITY of Token? Or What is the tokenomics of you project?
BTT can be used in BT ecosystem. Used for paying transaction fee, for staking for admin nodes, for BT defi system, for BT gaming system, for gas fee on BT chain, for any payment in BT ecosystem.
Q7. Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
You can purchase now at www.bytrade.io/buy. Please note that you have to register and complete your KYC in order to complete the transaction.
There is 100 BTT as a welcome bonus and 300 BTT for KYC 😊
Q8. As Compared to other Network,
Your Chain is fast,But Security wise,
How will @bytrade ensure that it will not be compromised?
ByTrade is built in ultra-secure blockchain technology. However, we will continue to improve the security system technology; on the other hand, we have a complete set of background management processes to ensure that urgent problems and risks are dealt with at utmost priority, and if there is any loss of user assets, we will compensate.
Q9. Are you planning to integrate with other different blockchain technologies to expand the ecosystem and generate more trust?
Yes, we have ambitious plans. Like I said earlier, we want to be the hub for all things crypto. We will partner with existing players and build our own features to achieve our mission of providing complete crypto solutions in the industry.
Q10. What are your go to market strategy? Or Who do you see as your biggest competitors?
We are not competing with any exchange. Our role is and will always be the hub of crypto trading and investing. When you choose ByTrade, you choose a crypto exchange platform that is focused on benefit and technical excellence offering complete solutions that confirm quality, improve skill and limit risks.
Q11. Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
That is the plan. The BTT token will be regularly burned by the team to maintain inflation
And this was the end of our AMA with ByTrade.
You can find us here:
Create ByTrade Account :https://www.bytrade.io/h5/integralRegister?inviteCode=369736&uuid=34988591
Telegram Community :https://t.me/bytradechat
Telegram Announcements :https://t.me/bytradeio
Download App :https://bytrade.io/download