AMA Recap — Bitget
The session of AMA ( Ask Me Anything ) with Bitget was conducted on 11 March 2022 at 5:30 PM IST (12 PM UTC) and lasted for 1 hour.
ADMIN ROUND
Joey Bryant from Bitget has joined us for this AMA session.
Jonty|Host
Could you please introduce yourself and share us your journey in the crypto space?
Joey Bryant
Yeah. Hello everyone! I‘m Joey, I’ve been in the crypto space for 5 years now, and I’m from India also.
These years I’m working for Global exchanges like Huobi Futures, recently joined Bitget as Head of India.
Jonty|Host
Can you tell us something about Bitget?
Joey Bryant
Yes, Bitget was established in July 2018, and it is among the fastest-growing derivatives exchanges, with 1.8 million registered users worldwide.
Upholding the mission of Better Trading Better Life, the platform aims to provide global customers with a liberal, ultimate, and fair trading experience.
Driven by excellence and innovation, Bitget has launched three first-of-its-kind flagship products — USDT-Margined Contract, One-Click Copy Trade, and Coin-Margined Contract in three years.
Bitget now is the world’s fifth-biggest derivatives exchange and the world’s largest cryptocurrency derivatives copy trade platform.
Coin Gecko https://www.coingecko.com/en/exchanges/derivatives
Coin MarketCap https://coinmarketcap.com/rankings/exchanges/derivatives/
We are currently on the top 5 derivatives on CoinGecko and Coin MarketCap.
Jonty|Host
How is Bitget different from the competitors? And what are the things do you think Bitget needs to improve on?
Joey Bryant
Well, we stand out among other cryptocurrency exchanges for our unique and innovative trading products, one of which is Bitget One-Click Copy Trade.
You could follow in our best traders’ footsteps and achieve your goals without extensive trading knowledge. On Bitget One-Click Copy Trade, you may choose an expert trader to follow by copying their trading movements, including what to trade, when to trade and the percentage of holdings. It can be carried out automatically and instantly. Expert investors share their trading history, allowing other investors to copy their trading strategies. As the cryptocurrency market is so volatile but profitable, Bitget has realized a second-speed copy trading function will be popular in the crypto market.
Really recommend crypto traders to try this copy trading feature with Bitget
As for things that need to improve on, I think it is that we should provide more crypto options for our users, such as staking, NFT platform in the future.
Jonty|Host
Could you please tell us more about Launchpad and how can our community use it for their benefit?
Joey Bryant
There are many Launchpad in the market, while I think Bitget Launchpad is quite different from other exchanges. There is no need for you to hold BGB to take part in the Snapshot, our system will calculate your total assets in your Bitget Spot and Futures Account. There is one upcoming Launchpad on Bitget, you can visit the following link to get more information
https://bitget.zendesk.com/hc/en-us/articles/4752540277913
https://www.bitget.com/en/launchpad
Jonty|Host
Can you tell us more on what future looks like at Bitget?
Joey Bryant
Well, to know what the future looks like, we’d better know what the past is like in Bitget. Bitget started to establish the South Korean team and the Japanese team in October 2020. The company then went on to establish the British, Russian, Turkish, Latin American, African teams in May 2021.
Now the global footprint is spread across more than 40 countries and regions, with 260+ employees worldwide. In 2022, Bitget is expected to see fast growth in derivatives and spot businesses.
Jonty|Host
What does the demographics statistics at Bitget looks like? Which country is the biggest market and which country you’d like to push more?
Joey Bryant
We have over 2 million registered users worldwide and have reached $ 5.6Billion on 24 hours Trading Volume. Currently, Korea is our biggest market and we would like to push more globally, especially in India.
Jonty|Host
Please explain us about Copy-trade feature as this is something new?
Joey Bryant
Simply input, copy-trading allows you to choose an expert trader to follow, then copy their trading movements and gain profit.
As the expert trader opens or closes a trade, the investor/ follower (you) then copies that trader automatically without any manual interventions. You may profit or lose with the trader you have copied. Bitget’s One-Click Copy Trade makes contract trading easier than ever before. So far, Bitget has 12K+ professional traders, with 380K+ followers. Our traders have earned over US$100M in total income, while our followers have collectively made over US$120M. Thanks to its user-friendly design, transparency, and a ‘win-win’ trading environment between traders and followers, Bitget has become the world’s largest digital copy trading platform in terms of scale.
Recently, Indian Youtuber Techno Vas just updated his Bitget copy trading tutorial, if you are new to copy trading, I really recommend you to have a look: https://www.youtube.com/watch?v=cJk5ixLdBeE
TWITTER ROUND
Could you please explain what is USDT Unified Account and Quanto Swap Contract in Bitget?
Joey Bryant
The USDT Unified Account has realized the function of opening USDT accounts. You can choose USDT as margin to trade multiple trading pairs at the same time, and multiple contracts share the same account equity, and the profit and loss, occupation and risk in the account are shared.
Quanto Swap Contract supports multiple currency as margin for multiple contract trading pairs, changing the traditional trading method that coin margined contract only apply to corresponding coins, allowing users to have more trading options, effectively increasing the funds utilization, and enjoy both trading interests and gains for price rise.
Can you explain the Bitget bonus offered to new users? What can be done with the received bonus? Does the bonus have a validity period? What are the referral programs associated with receiving bonuses?
Joey Bryant
As for bonuses, we have a reward centre for new users. Here is the link
https://www.bitget.com/en/welfare
We offer $153 in reward for new users, by completing tasks, you will receive trial funds. And that trial funds can also be used as a margin to open a position, profit can be withdrawn.
What is next “@bitgetglobal” marketing plan?
Joey Bryant
We are going to hold our second King’s Cup Global Invitational (KCGI) trading competition all over the world with up to 100 BTC rewards in May.
COMMUNITY ROUND
Pedro Golden
What is the tokenomics of your project ? & How can I buy your token?
Joey Bryant
We have platform token BGB, it empowers the entire Bitget ecosystem with a wide range of applications and benefits, help customers increase wealth and enjoy better trading services! You can visit https://www.bitget.com/en/mybgb to get more info
BGB has a big potential in this year of 2022
Mi Mi
What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?
Joey Bryant
You can follow our Twitter for upcoming news and updates: https://twitter.com/bitgetglobal
MAI KIỀU
The staking program is very important for every project, ? Does Bitget have any plans to start a staking program? and where do I file a complaint if my assets or account are in trouble
Joey Bryant
Bitget staking program is coming very soon, if you met any problems, please feel free to find our 24*7 customer support.
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Joey Bryant from Bitget. AMA Concluded at 6:30 pm IST.
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