Dear Bitsdaq Community,
It was a great candid session with Ricky and our community members to address the community’s questions about BQQQ and the current development of the Bitsdaq Exchange on October 19, 2019. We hope to have covered many of the questions from our supporters.
Below is a short overview of the AMA session:
Question: When will Bitsdaq have the next IEO?
Answer: We are now reviewing different projects for an IEO. As you know l IEO projects in Q3 didn’t perform very well, so we are more careful about selecting the next IEO. Our last project CIPX performed quite well, now 20% above IEO price still.
Question: When will you reduce Fee for BQQQ/ USDT, BQQQ/ ETH pairs?
Answer: We will start a fee discount marketing campaign in November. Bittrex will support us with the marketing campaign, details will be announced soon.
Question: Will there be any events for BQQQ holders that have held for a long time?
Answer: BQQQ Locked up campaign is in the planning stages now. Right after our launch of the new site.
Question: Will BQQQ still be the main exchange token after the transfer to the new website?
Answer: We will launch the BQQQ market after the full test of the new site. This is a major upgrade for us in the 2nd half so that the BQQQ market, OTC and other products can roll out quickly.
Question: When will Bitsdaq have a pair of BQQQ-BTC?
Answer: We will explore this. BTC price is quite unstable,we will consider the risk and market responses on that.
Question: When will you burn BQQQ?
Answer: Our next burn will be in the beginning of Q4. We will arrange the BQQQ token burn campaign shortly.
Question: About 50 million tokens have been withdrawn from this wallet every few days. What is it for?
Answer: It’s for marketing and also general usage, we have stopped new tokens released already.
Question: The partnership with Spend.com has been announced, what are the benefits to us? Will there be a plastic card?
Answer: They are still testing the international card version when they are ready, we can implement it with our team. We are also working with other cards and payment companies and will start marketing when they are ready.
Question: There is the talk of an investment of 10 million in BQQQ, can you confirm it? What are the details of the investment?
Answer: They are buying from the secondary market, that’s not the primary token deal as we don’t want to release more BQQQ, so they will buy BQQQ when the price is reasonable. The buying force now for BQQQ at low price is quite strong.
Question: What is your Q4 roadmap?
Answer: Launch a new site, BQQQ market, token price management & new IEO's.
Question: Will Bitsdaq incorporate with Wechat and Alipay like Binance? Binance has integrated Wechat and Alipay payment gateways to buy BTC on its exchange, currently, these two payment gateways are running on android apps that will soon be available on iOS. Despite the fact that cryptocurrencies are banned in the Chinese market.
Answer: Alipay and Wechat is definitely a target for us but considering local policy it will take more time for integration. If China releases a stable coin like Libra we will already have the Alipay and Wechat channels that can connect to them. We know them quite well in China. Also, we are connecting to Libra’s partners lately, will have an eye on the regulation stuff of Libra.
Question: Will Bitsdaq list other projects?
Answer: We are reviewing our listing strategies, we will be more careful about listing new tokens from now on.
Question: How much time will it take to buyback 9 billion tokens?
Answer: We will buy back new tokens quarterly. Meanwhile, we are dealing with different institutions for equity fundraising, afterward we will resume more buyback campaigns.
Question: Does BQQQ have any function?
Answer: The next IEO will be using BQQQ as a token for IEO for sure. Our development team was busy with new site migration, now will resume development for BQQQ usage.
We would like to sincerely thank everyone who participated and for your continuous support towards Bitsdaq. If you have more questions about Bitsdaq, you can always contact us, and our team will be happy to assist you.
October 20, 2019