IBIT x Crypto Challengers AMA Recap

CRYPTO CHALLENGERS
9 min readJan 18, 2024

Dear Crypto Challengers Community,

📍 Here is a recap of the AMA held with IBIT on 11th January 2024, a session where we got to know more about IBIT. The AMA session was consisting of Introduction segment, Twitter segment and Live segment.

🎃 Guest: Judy ( Marketing Specialist )
⏰ 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.

Below is the recap of the AMA session that took place on 10th August 2023.

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

Part 1 : Introduction Segment

Q1: Hi, Judy! Could you introduce you and your platform IBIT?

In the great blockchain development era, IBIT is following the trend and working together to shape the future crypto world with blockchain consensus. To build an all-in-one crypto trading platform, storage, management, and investment platform to provide users with a full range of services for crypto assets. We aim to provide consumers with comprehensive services for their cryptocurrency holdings.

We are making history and aspiring to become a crucial segment influencing the world in blockchain. IBIT, centered around an all-in-one exchange for crypto assets, is building a robust ecosystem for blockchain cryptocurrency trading, changing people’s lives through blockchain, and facilitating more convenient and intelligent investments.

As the most loyal partner for cryptocurrency users, IBIT prioritizes the user experience, offering sincere, secure, and comprehensive high-quality services and product support. We aim to enable users worldwide to embrace crypto assets, exercise their rights to free sharing, and gain profits.

Our professional team comprises members with rich experience from top exchanges in the industry such as Binance, Bybit, Bitfinex, and others, spanning operations, technology, and business. We are experts in the financial and crypto industries and believers in blockchain and cryptocurrencies.

Q2: What makes IBIT different from other derivative exchanges?

IBIT is committed to building a one-stop crypto asset platform to provide global users with crypto asset storage, trading, financial management and other services. Derivatives trading is one of the most important parts of the IBIT platform.

Compared with other trading platforms, IBIT also supports perpetual contract trading, but has more advantages.

1. The IBIT platform provided traders with the optimal trading liquidity, as well as the best in-depth trading environment. When engaging in contract trading on the IBIT platform, you will be able to transact at the optimal price, and enjoy the smoothest contract trading service with fast response time.

2. IBIT contract trading not only provides the regular 1–125 times leverage function, but also provides 200–500 times support for some contract trading pairs, so that users can use small funds to realize big profits;

3. IBIT supports copy trading, which allows users to follow the trading strategies of other experts and gain profits easily;

4. IBIT leaves behind the cumbersome sub-account function in the old model and supports the unified account model. Under the unified account, each trading account such as Spots, Margin, Futures, etc. is unified under one account, and traders can use a variety of supported margin assets as collateral. The unified account mode is a featured function of the IBIT platform, which helps users to make a qualitative leap in terms of capital efficiency, improved yield, and reduced risk.

Q3:What does the #IBIT_GLOBAL name stands for? There are interesting stories behind every successful project, and of course you have to work hard everyday. Can you share one of these interesting stories with us?

Our team is a group of cryptocurrency followers who have been strong holders of Bitcoin and are committed to promoting the popularity of blockchain and crypto assets. At the inception of the team, we decided to name the team Hibit, which means Hi! Bitcoin. But as the team grew, we had a clearer goal, hoping that through our efforts, every bitcoin investor can trade better, “I” stands for every investor, and “BIT” is the cryptocurrency represented by “Bitcoin”, “IBIT” will become the favorite cryptocurrency trading platform for every investor.

Q4: In centralized exchanges our money is not under our full control, so what mechanisms does IBIT use to protect our funds from attacks? Also, how easy or difficult will it be to make withdrawals? Many CEXs put a lot of restrictions on withdrawals?

We not only have a perfect risk monitoring system to protect the safety of users’ funds, but also a 100% user reserve to provide users with a strong financial security. In addition, IBIT has also set up a user protection fund worth 800 BTC to provide firm support for the safety of users’ funds.

IBIT has always advocated the circulation of funds to help users realize better investment, to enable the funds withdrawal process being quick and simple.

Q5: Ambassadors play a very important role in every project. Do you have an ambassador program? If yes, how can I be one ?

Certainly, join the IBIT Affiliate Program today if you are a creator of content, a community leader, a social network blogger, or a key opinion leader searching for your viewers. IBIT will help you to monetize your influence for free, earning up to 70% in rebates and easily increasing your passive income monthly! The registration channel is now available.

Fill out the form and apply now. We will contact you upon approval of your application. Join the IBIT Affiliate Program and be rewarded for exposing your community to the IBIT Exchange.

Apply to be the IBIT Affiliate Now

https://docs.google.com/forms/d/e/1FAIpQLScPnxro7kN0cDHAs6kV1KSZ5JucYYoHb8XVnudAvzGupHFxNQ/viewform

Part 2 : Twitter Segment

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

Currently at IBIT, small withdrawals are not required to complete KYC. However, for your better experience and the safety of your assets, we recommend that you complete KYC. We allow ID Cards, driver’s licenses, government-issued residency permits.

And currently on our platform, you can get 10 USDT Bonus for completing KYC level 2.

Join us at https://www.ibit.global/download

#IBIT_Global A strong project not only brings interesting ideas to the project but also attracts larger partners. So how is initiative planning to build its community? And is there a plan to recruit people with Blockchain experience to the initiative team?

First of all, besides me, now I am with XXX, and we are in charge of the marketing campaigns and we are constantly working to energize the community of IBIT. IBIT’s initial plan is to increase the participation of the community members, and to continue to grow the number of new users by partnering with more platforms, offering airdrops, and increasing the IBIT’s future bonus rewards. At the same time, we are constantly optimizing the form of community events, with all kinds of new and creative partners to jointly hold events that are beneficial to the development of the community. Our channel is constantly pushing out new events, so you can turn on the notifications @ibit_channel. As for more recruiting, IBIT is always looking for new people to join us.

What are the strengths compared with top exchanges such as Binance,Huobi,Coinbase? What are your top priorities in the coming 2024, so could you share some plans for the upcoming year?Which part of the project are you most focused on right now?

Compared with these three top platforms, IBIT, as a latecomer, highlights the advantages of contract trading with high quality services, flexible products, such as the well-received 200x and 500x leverage perpetual contracts, quality depth and liquidity, and for contract beginners, IBIT’s products are very flexible and easy to get started. And IBIT’s Global Partner Program, which raises fee splits up to 70%, has attracted more than 1,000 community and contract partners around the world, who promote IBIT’s brand and products and receive generous fee splits. In 2024, product-wise, IBIT will enrich the Spot trading, financial plan section, as well as wallet and decentralization section which are necessary in the bull market; in the crypto world, IBIT will try more attractive activities and partner program, so that more users can enjoy the benefits of the 2024 bull market.

What #IBIT_Global revenue model? In which ways do you generate revenue/profit ? So many projects just like to speak about the “long term vision and mission” but what are your short term objectives? What are you focusing on right now?

IBIT’s revenue mainly relies on the trading fees, and the platform’s average daily futures trading volume of more than 1,000 USDT has exceeded 8,000 users, and the average daily transaction volume has exceeded $10 billion, which makes IBIT’s revenue and cash flow relatively stable and healthy. IBIT’s long-term goal has always been to protect the safety of users’ assets, 100% guarantee of the capital reserve, and based on this, bring smarter and more efficient cryptocurrency investment channel for the users. a smarter and more efficient cryptocurrency investment channel. In this upcoming bull market in 2024, our short-term goal is to obtain the right to operate in compliance with more countries, as well as participate in more cryptocurrency companies to co-create and build, and to showcase IBIT’s brand strength in more offline arenas, and based on this, to bring the platform to a new record high in terms of active users and transaction volume.

For project development, all main priority is having enough funds. Is your team financially capable to run this project? Do you have enough funds for its development? Can you tell us how your project generates the profit?

Of course, we not only have a fund formed within the team for the development and operation of the platform, but also support from organizations, which will bring more potential and guarantee for our sustainable development. The current source of income of the platform is mainly transaction fees, in addition, the platform will also be with more cooperative projects, to complete the sharing of funds and resources. In the future, cooperative projects, DEFI, and other investment channels to obtain more income.

Part 3: Live Segment

How can the community be involved with your project? Is there any channel or group with local communities where users can get the latest updates? You can share the following links:
1. TELEGRAM GROUP
2. YOUTUBE CHANNEL
3. MEDIUM
4. WEBSITE
5. TWITTER
6. DISCORD
please sir

no problems

Website: https://www.ibit.global/
Twitter: https://twitter.com/IBIT_Global
Telegram: https://t.me/ibit_global
Announcement: https://support.ibit.global/hc/en-us
Linktree: https://linktr.ee/ibit_global
Download App: https://www.ibit.global/download
Feixiaohao: https://www.feixiaohao.com/exchange/ibit/
MSB License: https://drive.google.com/file/d/1bqAalb7TimykdLh5g9KB6Z6T6KkvN0XZ/view?usp=sharing

Submit a ticket
https://support.ibit.global/hc/en-us/requests/new
IBIT Trading Fee
https://support.ibit.global/hc/en-us/articles/21506118458900
IBIT Affiliate Program
https://support.ibit.global/hc/en-us/articles/21578683169044

I understand that the features on @IBIT_Global trading products like Spot, Margin, Futures, etc. are similar to most CEX in the market. So how do you attract users and traders? What upcoming improvements will have the potential to improve the user trading experience in 2024?

IBIT, as a latecomer, highlights the advantages of contract trading with high quality services, flexible products, such as the well-received 200x and 500x leverage perpetual contracts, quality depth and liquidity, and for contract beginners, IBIT’s products are very flexible and easy to get started. And IBIT’s Global Partner Program, which raises fee splits up to 70%, has attracted more than 1,000 community and contract partners around the world, who promote IBIT’s brand and products and receive generous fee splits. In 2024, product-wise, IBIT will enrich the Spot trading, financial plan section, as well as wallet and decentralization section which are necessary in the bull market; in the crypto world, IBIT will try more attractive activities and partner program, so that more users can enjoy the benefits of the 2024 bull market.

Many exchange have program referral, so you have that? If yes, how to joined and what will we get benefits from Referral?

referral program now is being created, but we do have affiliate program, we give the rebate rate reached 70% for the community lead, so join if you’re interested
https://docs.google.com/forms/d/e/1FAIpQLScPnxro7kN0cDHAs6kV1KSZ5JucYYoHb8XVnudAvzGupHFxNQ/viewform

Do you have any plans to add Nft’s to your ecosystem as it is the hottest topic in the crypto space?

sorry but IBIT is not yet support NFT, maybe in the future, we’ll make some interesting features and connect with NFT marketplace.

Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

yes, we do have an IBIT future bonus guidance and a 2FA binding video, check it out in our Youtube

🎥How to Use the IBIT Coupon?

The IBIT coupon is a special experience bonus issued by the IBIT platform to users as collateral for contract trading. Users can use it without bearing the cost of losses but can gain profits.

✅Profits can be withdrawn
✅Automatically closed in 24 hours
✅7 days valid
✅Can be used once

📍Here is the video guide: https://youtu.be/kMspro6qpLc

With this we came to the end of today’s AMA.

About IBIT:

IBIT EXCHANGE is committed to creating a safe, trustworthy and efficient crypto trading platform for users. In the future, the platform will layout “IBIT+” trading ecosystem with openness, fairness, and mutual trust.

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