Bika x Crypto Challengers AMA Recap

CRYPTO CHALLENGERS
11 min readAug 11, 2023
AMA with Bika

Dear Crypto Challengers Community,

📍 Here is a recap of the AMA held with Bika on 29th July 2023, a session where we got to know more about Bika where the team answers the questions from Host, Twitter segment & Live segment respectively. The AMA session was consisting of Introduction segment, Twitter Segment & Live segment.

🤑 Reward: 500$
🎃 Guest: Heewan
⏰ Time: 12 PM UTC
🏟 Venue: https://t.me/CryptoChallengersD

Introduction Segment
- The host will introduce the guest and give a brief overview of their background. The host will then ask the guest a few questions about their work, their goals, and their vision for the future.

Twitter Segment
- The host will open up the chat to questions from Twitter users. The top 5 questions are selected and will ask guest to answer them.

Live Segment
- The host will open up the chat to allow users to send their questions in the chat. The guest will select 5 questions to be answered.

On 29th July, 2023, Bika held an AMA on Telegram with Tanmay, the host of Crypto Challengers. The AMA was attended by over 1,000 people and also by Heewan, the guest.

This was an AMA session with the Bika team. The aim of this AMA session was to learn more about Bika by allowing the host to ask questions and having the team answer them.

Below is the recap of the AMA session that took place on 29th July 2023.

👉 Did you know? You can clap up to 50x. By clapping 50x you’re helping us to spread the recap.

Tanmay:

Good day everyone and welcome back to Crypto Challengers for another wonderful AMA! I hope you’re ready for another great AMA :) Today we’re having an AMA with Bika!

Heewan:

let’s go

Tanmay:

Today, we have @heewannn to share us more about BIKA 🥳

Heewan:

Wow, what’s up guys! Thanks for inviting. Glad to be here today!

Tanmay:

All going good. Welcome to Crypto Challengers. Nice to e-meet you :)

Heewan:

Nice to e-meet you ❤️ let’s start!

Tanmay:

sure! let’s get started 😉🔥

And here we go 🔥🔥🔥

The first segment is the Q&A with the host

Could you briefly describe what BIKA is and its background?

first one question! BIKA Exchange is an all-around digital asset trading platform that offers global users a wide range of cryptocurrency spot trading, futures trading, financial business, a blockchain research institute, and other blockchain-related services.

It has already obtained financial licenses of MSB in the United States and Canada since its inception, and its current users span more than 100 countries and regions worldwide. BIKA has successfully concluded its Series A financing round, securing $10 million in funding. Led by BankChamps in Singapore, this investment will inject fresh energy into BIKA and support the optimization of spot and futures products, as well as the development of DEX offerings.

The financing will propel BIKA’s growth and enable further improvements to its trading ecosystem.
At the same time, BIKA will always adhere to the principle that Every Transaction Is Worth Entrusting, devote itself to providing users with a safe and efficient blockchain digital asset trading environment, establish a comprehensive blockchain ecosystem, promote the formation of a global team and aid in the development of global digital financial liquidity.

BTW, BIKA listed CMC last month!

Tanmay:

Bika is operating in more than 100 countries already? HUGE!!! Also great to hear that you have secured $10 million in funding. Congratulations 🥳

Heewan:

yep, BIKA always keep building!🚀

Tanmay:

Here is the link guys

don’t forget to add the watchlist, guys

Heewan:

yes =))

Tanmay:

Here is the next question 😉

What is your strongest advantage that you think will make your team lead the market?

At BIKA, we believe our strongest advantage lies in our commitment to innovation, user-centric approach, and comprehensive range of services. Here are the key factors that set us apart and position us as a market leader:
1. Cutting-Edge Technology: We leverage the latest technologies and employ a high-performance trading infrastructure to provide our users with a seamless and efficient trading experience. Our robust and scalable platform can handle high trading volumes, ensuring quick order execution and minimal downtime.

2. Wide Range of Services: We offer a comprehensive suite of services, including spot trading, futures trading, copy trading, super leverage, blockchain research, and more. This diversity allows users to explore various investment opportunities and tailor their trading strategies to their specific needs.

3. Security and Trust: We prioritize the security of user assets and have implemented robust security measures, such as two-factor authentication, cold storage, encryption, and regular security audits. By providing a secure trading environment, we aim to foster trust and confidence among our users.

4. Continuous Innovation: We are dedicated to staying at the forefront of the industry by embracing emerging technologies and exploring new opportunities. Our team of experienced professionals and blockchain experts continually works to enhance our platform, introduce new features, and adapt to evolving market trends.

By combining these strengths, we are confident in our ability to lead the market and provide users with a reliable, innovative, and user-friendly trading platform. We remain committed to delivering exceptional value and experiences to our users and driving the growth and development of the crypto industry as a whole.

Tanmay:

Impressive vision and innovative approach! 👏🚀

With such a comprehensive range of services, BIKA truly stands out!

Heewan:

thanks, keep supporting!

Tanmay:

sure!

Can you share with us your domestic and global expansion plans?

sure thing!
At BIKA, we have ambitious domestic and global expansion plans to further strengthen our presence and cater to the growing demands of cryptocurrency users worldwide. We have obtained financial licenses in the United States and Canada, demonstrating our commitment to regulatory compliance and building trust among our users. Currently, the BIKA app is available in 9 languages: English, Japanese, Korean, Chinese, Spanish, Portuguese, Russian, etc. We will actively explore other countries’ markets, we are currently fighting for more cooperation opportunities in Japan and Korea, etc. Not only that, but we also have a global ambassador recruitment program.

Interested candidates can apply and a member of our recruitment team will conduct one-on-one interviews and assessments. Click here
(https://docs.google.com/forms/d/e/1FAIpQLSefD_zG2DlaQGFv6glCmv-HfL99q7CKgDUklLzqjODrEI3uIg/viewform?usp=send_form)Learn more about BIKA Global Ambassador (https://support.o-vbxy.live/hc/en-us/articles/10958487277209)

Tanmay:

that’s great, Make sure to check it out guys if you are interested.

Heewan:

yeah, join us! make more profit!

Tanmay:

yeah!

How secure is your platform? And what security measures have been taken to avoid any security breaches?

that’s a good question! we prioritize the security of our platform and take extensive measures to ensure the safety of our users’ assets. Our platform is built with state-of-the-art security protocols and technologies to safeguard against security breaches.
Here are some of the security measures we have implemented:

1. Two-Factor Authentication (2FA): We offer 2FA as an additional layer of security to protect user accounts from unauthorized access.

2. Encryption: We employ robust encryption algorithms to secure user data and communications, protecting them from interception or tampering.

3. Regular Security Audits: We conduct regular security audits and assessments to identify and address any vulnerabilities in our system.

4. Strict Compliance: We adhere to strict regulatory and compliance standards to ensure the highest level of security and user protection.

By implementing these security measures, we aim to provide a safe and secure trading environment for our users. Not only that, BIKA set up a special fund for protection and invested more than $15 million to protect the user’s money.
We continuously monitor and update our security practices to stay ahead of evolving threats and maintain the integrity of our platform.

Tanmay:

Really great to see that you have so many security measures available in your exchange which makes your exchange very safe

You invested like 15m to protect the user’s money. Shows how trustworthy Bika is

👏👏👏

Heewan:

certainly! The safety of the user’s assets is paramount!

yes

What’s the next improvement that we can expect from BIKA? Can you share some of the plans that can take place in the future?

BIKA spot trading update and website upgrade had already finished on June 14, 2023.
BIKA Spot Trading System gets a major upgrade, featuring a high-performance matching engine for lightning-fast order execution and secure fund transfers. Traders can expect a smoother experience with improved order placement, real-time market data, and enhanced security. Additionally, BIKA expands its token listings, including popular tokens like SAND, CHZ, UNI, LINK, APE, SUSHI, CRV, MANA, and more, providing diversified investment opportunities. Furthermore, BIKA enhances liquidity provision, ensuring optimal trading depth for efficient order execution.

And BIKA has upgraded its website for a better multi-device experience. With a visually appealing interface, seamless trading, and access to features like the Asset Center and User Profile, users can enjoy consistent trading across mobile and PC platforms. The PC terminal offers various trading options, while the open API allows integration with third-party tools for enhanced flexibility and advanced trading capabilities.

More details about BIKA new brand spot system
https://medium.com/@BIKA_Official/bika-new-brand-spot-system-45cc7f26f819

Thanks for sharing these great information!

That’s the end of our introduction segment.

sure! don’t to forget join our channel to get more latest news! @BIKAofficialNews

Part 2 — Questions from Twitter

What are your main features that distinguish you from other projects and what competitive advantages do you have??? Since Your project is new in market, One with a lot of experience, can you tell us what is your Best Advantage, Strongest Motivation,Biggest Challenge?

1. High-Performance Trading: We have a powerful matching engine that ensures lightning-fast order execution and a seamless trading experience for our users.
2. Global Expansion: BIKA is actively expanding into various countries and regions, catering to a diverse user base and promoting cryptocurrency adoption worldwide.
3. Comprehensive Ecosystem: We offer a wide range of products and services, including spot trading, futures trading, financial business, blockchain research, and more, creating a comprehensive ecosystem for our users.

Our main challenge lies in establishing ourselves in a competitive market and gaining the trust of users. However, with our dedication and user-oriented approach, we are confident in overcoming this challenge and building a successful platform.
BIKA Website: www.bika.one

A good project always has competition and duplication of ideas. What does BIKA think about this issue? What is the long-term vision of BIKA in the blockchain market to keep up with the trends with technology, community and related issues?

At BIKA, we embrace healthy competition and continuously innovate to stand out in the blockchain market. Our long-term vision focuses on technology advancements, community engagement, education, and regulatory compliance. By adapting to trends and collaborating with partners, we aim to remain a leading and trusted player in the industry.

Currently, most projects and platforms are in English. How will your project reach non-English local communities.Make it easy for people around the world to use your service. Do you have any plan to develop project in different language ?

BIKA is actively working to reach non-English speaking communities and make our platform accessible worldwide. We’ve already launched a multilingual app and plan to expand language support further. Our goal is to provide a seamless experience for users from diverse regions and become a global leader in cryptocurrency trading and investment.

What are upcoming developments that you can bring up that will motivate users. ? Can you tell us about the main Bikaglobal targets you are currently focusing on and the market you are trying to reach?

BIKA officially listed CMC last month, which brings us the opportunity to collaborate with more projects; we currently have a lot of collaborative giveaways, and we hope that our users can actively participate in them and build a deeper connection with BIKA.

🔥🔥Let’s go!!!!

📢Join the exciting #HyperPay & @BIKAGlobal_ 🎁 #Giveaway on @taskonxyz🙌 and START EARNING🤑

🎁$5 BIKA Sign-Up Rewards
💰$500 BIKA Trading #Bonus
💳200 HyperCard Virtual
⏲6 DAYS

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🎉 Earn while you trade and seize the opportunity now! 🤑

https://twitter.com/BIKAGlobal_/status/1684472230137450496?s=20

🎉Join the exciting BIKA x @dens_club #Giveaway and get a chance to win a $500 Bonus!

1️⃣Follow @BIKAGlobal_+ RT & Like
2️⃣Tag 3 & BIKA UID in the comments
3️⃣Join http://t.me/BIKA_English
4️⃣Complete the tasks http://gleam.io/GTzAG/bika-x-decentralized-club-giveaway-500-bonus-for-grabs

🎁Boost your #trading journey!

Our main focus is on enhancing our platform’s features and services to cater to the needs of both experienced traders and newcomers in the cryptocurrency space. Additionally, we are working towards expanding our global reach and accessibility by obtaining licenses and certifications in various countries and regions, enabling us to serve a broader market of cryptocurrency enthusiasts.

Is there a KYC requirement for the transactions we will make on the BIKAGlobal_ Platform? What documents are required for KYC, if any? Finally, what are the transactions we can do without KYC?

We recommend that users complete KYC to ensure the security of the account. In the absence of KYC, the maximum withdrawal limit is 10,000 USDT in a single day; after completing KYC, the maximum withdrawal limit is 100,000 USDT in a single day. You could follow the steps to complete the BIKA KYC, and win a $5 USDT bonus.

Part 3 : Live Telegram segment

What do you have?
1️- Telegram Group
2️- YouTube Channel
3️- Medium
4️- Discord
5️- Twitter
6️- Website

FOR this project , where can I get the latest information and what is the latest plan for your project?💙

we all have!! here is our Linktree: https://linktr.ee/bika_global

Twitter: https://twitter.com/BIKAGlobal_

Telegram EN: https://t.me/BIKA_English

Discord: https://discord.com/invite/sRpXmp5Qgx

Facebook: https://www.facebook.com/BIKAexchange

Medium: https://medium.com/@BIKA_Official

Youtube: https://www.youtube.com/@bikaexchange

www.bika.one

Do you have an audit certificate?
“or”
Are you working on auditing to make your project safer and more reliable?

yes! we did!

How does BIKA’s 500x leverage innovation experience work? Can you explain how it enables small capital to potentially generate big returns for traders? What risk management measures are in place to ensure responsible trading with such high leverage?

Thank you for your interest in BIKA super leverage.
We have built a robust and reliable trading platform that offers high-performance matching engines, ensuring fast and efficient order execution. Up to 500x leverage trading, with good depth as well as trading speed.
We have a dedicated customer support team available to assist our users with any queries or issues they may encounter. Our team is responsive and committed to providing timely and effective support to ensure a smooth trading experience.
These advantages collectively make BIKA Global a compelling choice for leverage trading. We continuously strive to enhance our platform and provide a superior trading experience for our users.

What upcoming developments or partnerships can we expect from Bika in the near future, and how will they contribute to enhancing the crypto experience for its users?

we are excited about several upcoming developments and partnerships that will further enhance the crypto experience for our users. We are actively working on expanding our range of supported cryptocurrencies, providing more diverse investment options for our community. Additionally, we are forging strategic partnerships with leading DeFi projects to bring advanced financial products and services to our platform.
u can check our group pinned message to get more our partnerships recently!
https://t.me/BIKA_English

Does BIKA offer any referral or affiliate programs for users to earn rewards for bringing in new customers?

sure! u can join our BIKA Global Ambassador to get more details!

https://support.o-vbxy.live/hc/en-us/articles/10958487277209

Learn more about Bika

Website 👉 https://www.bika.one/#/home/
Telegram 👉 https://t.me/BIKA_English
Twitter 👉 https://twitter.com/BIKAGlobal_

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