📌 Don’t panic! You’re not banned, you are just muted for portions of the CryptoNite Club x Bitlocus exchange AMA Session
⚠️Total Reward pool: 100$
👉 Join group — @bitlocus
📆 — December 20th 2021
⏰– 01:00 PM UTC
We will have the following structure:
Part 1️⃣: $10/5 users — We’ll select 5 questions from the community. A user can post maximum 3 questions. please submit your questions in the comments section of following post.
Part 2️⃣: $10/5 users — Open chat for 180 seconds. You can post Max 3 questions. Bitlocus exchange Team will select 5 questions and answer them.
Mr. Baron — We are pleased to announce the AMA with BITLOCUS !
today our guests — @glorylucas @artb01
[Glory Lucas / Arturas Bobinas ] — . Hello ;), Glory cant join us, so let’s proceed
Mr. Baron — Nice to meet you!
[Glory Lucas / Arturas Bobinas ] — Nice to e-meet all, delighted to be here tonight to meet the members of CryptoNite
Mr. Baron — How are you all doing today? Ready for a great AMA guys? 😉
[Glory Lucas / Arturas Bobinas ] — Great! Let’s go!
Mr Baron — We are really excited about the upcoming AMA with you! please tell us a bit about yourself and a brief intro about the BITLOCUS please?
[Glory Lucas / Arturas Bobinas ] — Me — Arturas Bobinas (CBDO) with over 15 years of experience in sales, marketing, e-commerce and project management. Joined crypto space back in 2017.
With me is Glory Lucas. CMO for Bitlocus
Bitlocus is a Defi investment platform for FIAT based users. We call it CeDeFi because we are joining the worlds of CEX and DeFi to provide a solution for FIAT users. FIAT users only need to deposit EUR and they can be able to access all DeFi investment options without directly interacting with it. Bitlocus already has a CEX feature that has been existing since 2018. Other products in the Bitlocus ecosystem are Payrico ( crypto friendly banking service and EMI registered in Lithuania, EU) and Ginger Fund which is the liquidity provider of the CEX.
Mr Baron — Thank you! Let’s go to the next question.
Can you tell us a bit about the team and their experience with cryptocurrency and development ?
Me and Andrius (CEO) joined crypto world back in a day when ICOs were a thing. I was a business developer at one CEX, Andrius was a developer at one of the first EMIs that were crypto friendly.
The rest of the team have been crypto-related since 2018, when they joined Bitlocus.
Mr. Baron — Very detailed answer!
-Tell us, What are the main features that distinguish you from other Exchanges and what competitive advantages do you have?
Well, at this point as a CEX we are compliant and process fiat payments (SEPA, SWIFT for EURos) since 2018.
As a CeDeFi project we are one of the first ones to be launched on Terra blockchain — which actually is the 3rd in volume in TVL in DeFi market.
Othery key pillars are: simplicity/easy to use, risk mitigation and compliant way of investing into crypto.
Mr. Baron — Please tell us about the $BTL token! What are the token use cases, distribution, and how to buy/get it?
Important note: reward programs will be fueled by hopefully never ending fees from earned fiat users. Since those fees are paid in fiat, this means that we will buy BTL token for rewards distribution and thus ,as a platform, will also generate some buying pressure.
– attend and earn rewards on liquidity mining and guarantee fund staking programs
– get reduced rates for our CEX’s fees
– (new to us, to roadmap) stake-to-access utility where clients will be able to qualify for one of a few tier levels that will open up an access to some specific products. It is basically the same to what IDO platforms do with their tokens.
BTL token’s main chain is Terra (cw20), but we have bridged it to bep20 and erc20 versions via Wormhole Bridge too in order to access more users and more functionality from the crypto ecosystem.
Head to https://btl.bitlocus.com/ for officially liquidity-supported markets and find links to Bitlocus itself, Gate.io, Pankaswap, Uniswap, TerraSwap, TFM.com.
Mr Baron — Here is the Last question from my side
– Where can we find out more about BITLOCUS ? Can you share all your social media links?
Originally Bitlocus is crypto-to-fiat CEX which has been established back in 2018.
Other companies of the Bitlocus ecosystem are Payrico (crypto-friendly banking service (EMI, registered in Lithuania, EU) and Ginger Fund (liquidity provider for the CEX).
What’s coming next (mvp est next February):
We are building is uur CeDeFi project or the “DeFi investments platform for fiat-based users” will be built on top of that ecosystem as a service layer and will re-use most of already existing solutions (crm, kyc, aml, fiat payments processing in sepa and swift).
For fiat-based end user this acts as gateway in between fiat customers and DeFi space and will be built in a way, where those fiat-based users will not directly interact with DeFi space at all — they will make investments via our platform really easily — basically just clicking a few times and submitting an ivestment request to our platform (deposit or withdraw).
Mr Baron — Thanks for the great introduction, we have several questions which were selected for the 1st part. Ready to start?
[Glory Lucas / Arturas Bobinas ] — Thanks for all good questions from the Cryptonite Club team, let’s move to the next! Excited!!
PROCEED — I’ll answer those on the go
Q1 — In your RoadMap I saw “(MVP) DeFi investment packages “ and it’s a part of 2021 Q4. So, can you please explain about it? and is that already achieved? @pinkmanlk
A1 — We are currenlty implementing Fireblocks for safety (which is top priority for us), so got delayed, but it is comming as MVP with Anchors almost 20% yield staking in February.
good news is that for this quarter we opened up a few public trading markets and Liquidity MIning
Mr Baron — Thank you very much for your answers and clarifications! ready to proceed to the next question?
Q2 — I saw that your project is only on Terra blockchain. So why did decide to launch your BITLOCUS only on Terra Network except SmartChain, Solona, ERC20, TRC20? Can you please explain the benifits you get from Terra Network than other Networks. @pubuditharajap2
A2 — Terra has the 3rd TVL in size in DeFi space. Their community is very crypto-savvy.
Plus, their UST stable coins and over concept of their blockchain is very interesting and very useful for what we are up to. Basically, they aim to become the backbone, the back end of DeFi — that we will utilize quite a lot.
also,we have bridged BTL to bsc and ethereum chains almost imediatellyand we will bridge it to others IF in need, or once in needoverall advice would be is get to know more about Terra blockchain is you arent yet familiar with it. It is amazing.
Mr Baron — Thanks for those interesting details, clear answers are very appreciated for our community. Now is time to proceed with the next question🥳
Q3 -I saw that @bitlocus Token has its token named $BTL, can you explain what the token is $BTL? What benefits can we get if we hold tokens $BTL ? And how to buy? @Danbomel
A3 -abbreviation of Bitlocus. that’s as simple as that . Benefits:
– attend and earn rewards on liquidity mining and guarantee fund staking programs
– get reduced rates for our CEX’s fees
- (new to us, to roadmap) stake-to-access utility where clients will be able to qualify for one of a few tier levels that will open up an access to some specific products. It is basically the same to what IDO platforms do with their tokens..for those that will keep it long enough there’s also token buy back and burn program that we will be doing
- so as much as 30% of total supply will eventually get burned on the quarterly basis . For purchase head to our official websitehttps://btl.bitlocus.com/ for officially liquidity-supported markets and find links to
- Bitlocus itself, Gate.io, Pankaswap, Uniswap, TerraSwap, TFM.com.
Mr Baron — Thanks for your great answers! Ready for the next question?
[Glory Lucas / Arturas Bobinas ] — yes ! Let’s Go
Q4 — What makes your project ahead of the competitors that are already there @Bhagendra6
A4 — well, again
there are a few projects but those are based on either ethereum or bsc chains.we have sellected to be building it as Terra project on their chain.and this makes us the first ones to do so. For now :)and again — Terra’s TVL is 3rd in size and that says alot about the opportunity in therre.
Mr Baron — Thanks, guys for the detailed information and answers . Ready for the last question from Twitter?
Q5 — Umm I just found out that I can get a credit card if I stake in your farms. What are the restrictions of using it? @sandeera7
A5 — Debit card ,yes, we’ll reward some of them: .Priority access to get the Bitlocus Crypto Debit Card for the top 50 liquidity miners.
1 year free trading on Bitlocus CEX + free Bitlocus Crypto Debit card to 25 random liquidity miners..restrictions? You’ll have to be KYC’ed + european resident in order to get that card. Thats it.
Dear community, we will open the chat soon. Please prepare your questions.
BITLOCUS guests will select 5 of them.
⚠️ Please remember the rules.
🚨Only genuine questions will be rewarded. Copied questions will be disqualified
🚨For Part 2 of the AMA, every user will be allowed to post a maximum of 3 questions.
🚨One message should contain a maximum of 1 question.
Thank you for understanding and good luck!😉
@gneuman — Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to crypto industry that will bring greater abundance to the industry?
[Glory Lucas / Arturas Bobinas ] — our main added value will be dual:
1. We will bring in new money to crypto ecosystem by allowing this to be done in secure, complaint and easy way.
2. By doing this we also enable non-crypto-savvy users to earn crypto yield.
And if we’ll do that good enough, we will be rewarded as well. Remember, there’s almost 70% of tokens yet to be unlocked and we manage those. We are very incentivized for BTL and Bitlocus to do well in the future too 😉
@scmuihzp — What would be the strategies to attract new non-crypto users? How much would the initial investment be for these new users? Will it have any restrictions or will it be easily accessible to new users at your investment level?
[Glory Lucas / Arturas Bobinas ] first of all there will be two kinds of users:
a) fiat or end-users for the DeFi platform
b) BTL token hodlers
both ot them require diff marketing approach. Plus, fiat users alone will also feature like two of its kind — small institutions and retail users. Again, diff marketing approach.
But shortly, most of marketing apprach to institution will actually be through a network of country managers/biz devs available for for meetings, conferences, etc. Plus some marketign of course. Retail — will mostly be handles via digital marketing.
Crypto users/BTL hodlers will be mostly aquired via our extensive network of KOLs (crypto influencers basically; over $300k deal with them are done and alrady being promoted) + AMAs like this one.
@jamelcolvin1991 — Q)Can you tell us about some of your partners and who you plan to collaborate with in the near future ?
[Glory Lucas / Arturas Bobinas ] — Our main partners are:
⁃ Payrico EMI — Euroepan crypto-friendly banking service (Electronic Money Institution to be exacts. Actually, Revolut used to hold the same licence in Lithuania too).
⁃ Dao Maker — our lead and strategic BTL investor. Others include GBV, LD Capital, Evangelion, DWeb3, Double Peak, AU21, Basics Capital and a few more. Good, strong and beneficial investors.
⁃ Social Staircase — our content and marketing agency.
then we are currenlty working on new partnerships that will be beneficial for the project in the future. The already acnnounced ones are with Coin98, GBV (our VC too), Angel Protocol, bitsCrunch. A few interesting ones are still in progress.
The idea for partnership is simple — it either has to benefi the product/service directly or be usefull for marketing, branding or user acquisition.
@arloKiser58 — Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?
[Glory Lucas / Arturas Bobinas ] — we currently have Liquidity mining: https://bitlocus.com/mining
Stakign will come with our Guarantee fund staking program, but it will diff kind of staking. You will be able to stake your stablecoins to earn BTL there 😉
@mcphersona — What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
[Glory Lucas / Arturas Bobinas ] — our main ambition is to have $1B deposits portfolio in the next 2 years.
our next product delivery is estimated in February as MVP with Anchors amost 20% yield.
[Glory Lucas / Arturas Bobinas ] — thank you @ANDYM2999 , thank you community!
Mr Baron — Thank you very much for your answers and your time! It was an amazing AMA!