On Friday, October 15th, 2021 *Paul Bichler*, CEO of FTXFUND, *Frisco d'Anconia*, Content Lead of FTXFUND, *Frank D.MBA*, CMO of FTXFUND, *Francesco Dell'Agata* and CTO of FTXFUND participated in an Ask Me Anything (AMA) on Crypto Mutant's Telegram Chat to inform all the community with everything related to the future planning of FTXFUND in this crypto world.
A Transcript of the AMA can be found below, along with important links to the live messages.
Telms (Crypto Mutant Team):
There will be 4 segment
Segment 1 Introduction segment : we will mute the group and Guests will introduce them and there project we will ask some Questions.
Segment 2 Twitter Segment : 5 Best Twitter Questions choosed by FTXFUND team, Guest will Answer the Questions.
Segment 3 Q&A segment : after unmute of group users can ask questions we will mute group again in 5 minutes, 5 best Questions will be choosen as winners .
Segment 4 Quiz Segment : In Quiz segment there will be 10 Questions top 5 win. 15 seconds to Answer, Questions bot will be used for Quiz.
Telms (Crypto Mutant Team):,
We will be starting today's AMA
We welcome our guest into Cryptomutant community
Paul Bichler,
Let's go, hit us with any questions, we are excited to meet your community
Telms (Crypto Mutant Team):,
👍
I'm Telms and I will be coordinating the first 3 segments of this AMA
Telms (Crypto Mutant Team):,
Can you briefly introduce yourself to our community before we launch and move to the first section of the AMA.
Paul Bichler,
I am Paul, CEO of the project.
Telms (Crypto Mutant Team):,
It's an honor to have you here Now to the introductory segment
Telms (Crypto Mutant Team):,
- There are many blockchain project, why should we choose FTX Fund? What makes FTX Fund better than the competitors?
Paul Bichler,
great question
this should be a question every investor ask about any project.
Telms (Crypto Mutant Team):,
Exactly! Everyone wants an outstanding project to invest.
Paul Bichler,
Unlike many other projects in the space, FTXFund is part of an existing business that creates already revenue.
Now why is this noteworthy, you might ask?
it's simple
with ties to an -existing-business entity comes accountability.
You do not need to worry whether the project disappears into thin air like many other projects in the blockchain ecosystem.
this gives investment security that is very hard to find in unregulated markets such as the cryptocurrency ecosystem.
How many blockchain projects do you know that have an existing business?
Telms (Crypto Mutant Team):,
Amazing indeed
Frisco d'Anconia,
I'm Frisco d'Anconia and I'm the Content Lead
Telms (Crypto Mutant Team):,
You are highly welcome!
Frisco d'Anconia,
Thanks buddy
Frank D.MBA,
CMO @ FTXF is here 🔥🔥
Telms (Crypto Mutant Team):,
You all are welcome
Francesco Dell'Agata,
I am in - hello everyone I am the CTO
My name is Francesco Dell'Agata - nice to be here today
Telms (Crypto Mutant Team):,
This is a complete team! This AMA is gonna be exceptional
Paul Bichler,
so we talking about how this project is different, let's get some more views
Telms (Crypto Mutant Team):,
Let's go 🚀🚀🚀
Frisco d'Anconia,
Our ecosystem consists of a multi faceted platform that enables Tokenization of Real World Assets and to trade these. Investors and traders will be able to connect to 5 different platforms that mirror different investment markets. For instance, as an investor you can decide if you want to buy fractions of real estate, or any public traded company. This enables inclusivity and goes back to the roots of this project, a mission to form a giant Foundation in the blockchain industry.
Francesco Dell'Agata,
So, why are we unique? I can talk from a technical and produce standpoint - we are unique because we offer a suite of products and our produce development is strong in its pipeline - we have Onstora, Paygate and more coming soon! We are different from a platform standpoint and we can propose a number of views on this - but we have to be brief due to the time we have
Frank D.MBA,
we are here to make sure this awesome community understands really well about our project ... AMA !!!😁
[Sticker 😍]
Paul Bichler,
I think now the community has a good overview how this project is different
Telms (Crypto Mutant Team):,
Having explained and convinced the community of how this project is different and outstanding, we shall move to the next question.
Paul Bichler,
To sum it up, not only do we have a big corporation behind, also our technical scope and vision is broader then anything most of your community has probably seen to date
Paul Bichler,
[In reply to Telms (Crypto Mutant Team)] "different and outstanding" you got it absolutely right. Let's move on.
Telms (Crypto Mutant Team):,
Here is the next question!
- Could you please briefly state the vision of FTX Fund to our community?
Paul Bichler,
another good question
once the fundamentals of a project are checked, an investor needs to look at the long term vision and the motivational drivers to start a project
in one word, our vision is inclusivity.
For instance, as an investor you can decide if you want to buy fractions of real estate, or any public traded company.
In a tokenized form
This enables inclusivity and goes back to the roots of this project, a mission to form a giant Foundation in the blockchain industry,
but this is just one cornerstone
The platform is broad in it’s Vision and versatility
if stocks or real estate are not of interest, you can decide to take part in the Evolution of eCommerce. We call it Onstora and it is already live.
Telms (Crypto Mutant Team):,
Perfect vision for a brighter future
Paul Bichler,
If no one of the team has to add something, we can move on
Frank D.MBA,
👍🏽👍🏽👍🏽
Telms (Crypto Mutant Team):,
Okay!
Now to the last question of this section.
Telms (Crypto Mutant Team):,
- With many projects disappearing into thin air...How can you ensure the safety for the FTX Fund user?
This is an essential question
Frisco d'Anconia,
With the backing of a corporation, rug pool is something that isn''t possible with FTX Fund
Paul Bichler,
good point indeed, rug pools are a big issue in the space
Francesco Dell'Agata,
Safety is at the heart of our strategy, both from a technicala and community standpoint - we promote safe storage, communication and releate of features in a safe way. FTXFund is backed by a corporate arm and it will not disappear in thin air.
Frisco d'Anconia,
Almost every Crypto project out there have no backing of that nature, and we can assure our users that their funds are safe with us since there are significant legal ramifications for us if anything of that nature happens
Paul Bichler,
[In reply to Francesco Dell'Agata] just to expand on the "corporation arm". To make it clear. FTXFund is part of the CMC Holding that is doing business since 1993 .
Also the company has assets under management which has been legally audited by a reputable notary firm.
You cannot ask for more safety...at least not in the crypto currency space
Telms (Crypto Mutant Team):,
👍
Paul Bichler,
Raising the bar is one of the motivational drivers behind our project
Telms (Crypto Mutant Team):,
Security is the top priority of every project
Paul Bichler,
We can move on if others have nothing else to contribute
Paul Bichler,
[In reply to Telms (Crypto Mutant Team)] well, it should be
Telms (Crypto Mutant Team):,
Okay! We will be moving to the next section of the AMA
Paul Bichler,
but most projects are falling short there
Telms (Crypto Mutant Team):,
[In reply to Paul Bichler] Glad FTFX set their priority right
Twitter questions will be coming in!!!
Telms (Crypto Mutant Team):,
- We all know tokenization is the new buzzword. "As the race to tokenize everything rages like wild fire, what are some of those key areas that you feel needs be dully calibrated and fine tuned before one can hope to reap maximum returns from this relatively new economic space?"
https://twitter.com/TUsenobong/status/1448453185685884929?t=RYo1K13zCy15mP2GFgRcpA&s=19
Here is the first Twitter question. High quality one
Paul Bichler,
very good choice
Telms (Crypto Mutant Team):,
I believe the team has got amazing answer to this
Paul Bichler,
indeed the word tokenization of all is spreading like wild fire. But how was has actually been developed…?
We see a lot of projects having huge ambitions and ideas but never develop a single line of code. In the case of FTXFund we have already completed the smart contract before any token was for sale.
From the big ecosytem we mentioned, there is one part already live and running. And the token is not even listed at exchanges.
The best way to phrase it: While others are talking, FTXF is doing
Telms (Crypto Mutant Team):,
[In reply to Paul Bichler] I love this.
Paul Bichler,
Just one example: if you want to trade tokenized real estate you need a license, most people have never heard about that.
We are working with reputable law agencies and notary firms to obtain all requires licenses to enable the tokenization of real estate
real estate vs dream estate
Any other thoughts, Team?
Telms (Crypto Mutant Team):,
Awaiting the teams response
Frisco d'Anconia,
I guess you have summed it up
Telms (Crypto Mutant Team):,
Now let's move to the next question from Twitter
Telms (Crypto Mutant Team):,
- All project's coins have their main Utilities & real-life use! So, Can you tell us what the main role of your coin is in your ecosystem? Explain its Utilities & Real-Life use cases? and Why should i invest in your coin for the long term?
https://twitter.com/BENSTOCK26/status/1448737410112655361?t=F2zjVAakPba9domlxlm1IQ&s=19
Frisco d'Anconia,
OK, let me take this
The FTXF token is not only a currency for wealth, but also a tool that connects users to a multitude of services. It can be used to buy and sell goods on twenty different exchanges worldwide and as payments.
Telms (Crypto Mutant Team):,
👍
Frisco d'Anconia,
Users can experience instant trading using the FTXFund ATMs, as the platform integrates smart magnetic card technology in payment gateways such as Visa or Mastercard to convert FTXF into fiat currency in over 180 countries.
Francesco Dell'Agata,
Our own FTFX coin can be used as the main exchange machanism in our ecosystem. Our use cases are the Onstora platform - but mainly, it can be leveraged to obtain discounts on the platform, promote governance and staking, as well as liquidity mining. Let's not forget about the transactions and payments usecase, which means we will be integrating our payments gateway in the platform and its features. This is my take, team, please add your points too.
Paul Bichler,
I think this answer is already well handled.
Let's move on
Francesco Dell'Agata,
Why you should invest? Well, this is not financial advice - but we have a great roadmap, tangible deliverables we are working towards and can already show traction with these. Our Onstora platform went live in September. In Dec, our own digital asset exchange is realeasing too. Just a last point to add.
Let's move on
Telms (Crypto Mutant Team):,
👍
Now to the last question in this section
Hope you guys are ready for this?
Paul Bichler,
do we appear we are not?
of course, get it on
Francesco Dell'Agata,
lets go
Telms (Crypto Mutant Team):,
Here comes the question
- There are many traditional payment platforms such as paypal, mastercard, visa etc. Which is often used by many people. My question is how is FTX Fund different from existing payment platforms? Is there any cashback or discount for FTX holders?
https://twitter.com/AnnaKeysie/status/1448448473079054337?t=GUyiOmRugWRKnUUYNx8uSw&s=19
Paul Bichler,
well, this is a another very relevant question
our guy in the team who is dedicated to that part is not here
So let me take it
Telms (Crypto Mutant Team):,
Okay!!
Paul Bichler,
We have someone in the team with a decade experience working for the companies the twitter user has mentioned, also paypal.
Telms (Crypto Mutant Team):,
It's a great honor having a legend in our community 🚀🚀🚀🚀
Paul Bichler,
to be frank, setting up channels that connect crypto and fiat are difficult, there is a lot of stringend regulation and a reason we see so few crypto on ramps or off ramps
we are doing the hard work regarding regulation, as already mentioned we have partners in legal and finance, so we can deliver the big products
Our goal is that Users can experience instant transactions using ATMs, as the platform integrates smart magnetic card technology in payment gateways such as Visa or Mastercard to convert FTXF into fiat currency in over 180 countries.
This is part of our roadmap and we are determined to deliver.
Although before that can happen a lot of backend work has to be done.
Telms (Crypto Mutant Team):,
[In reply to Paul Bichler] Success is sure
Paul Bichler,
our finance expert could go into more detail here, but I think we can move on
Telms (Crypto Mutant Team):,
[Sticker 🚀]
Next segment starts: Live questions
Telms (Crypto Mutant Team):,
Now we will be moving to the next section of this AMA
This part is gonna be lit 🚀🚀🚀
Telms (Crypto Mutant Team):,
Hope you guys are ready?
Frisco d'Anconia,
Sure
Telms (Crypto Mutant Team):,
That was a massive one.
Record breaked ✅🚀🚀🚀
Frisco d'Anconia,
[In reply to Telms (Crypto Mutant Team)] Lol
Telms (Crypto Mutant Team):,
[Sticker 🚀]
Oladayo Mayowa,
I read about reverse auction e-commerce platform on your web page, but it looks strange atand confusing. Can you kindly explain what it means
Clinton Beaulieu,
Where can I buy your tokens right now what is your current contract and how can I buy them??" Will you have any other DeFI feature like staking, yield farm or NFT in the future?
Erwin,
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Maxim,
FTXFUND the platform suitable for all types of users? Can anyone use your service anywhere in the world? I mean is this a global project or a local project?
Frisco d'Anconia,
[In reply to Oladayo Mayowa] OK, so the Reverse Auction e-Commerce is like this: If trading is not your cup of tea, theny ou can decide to take part in the Evolution of eCommerce by attending reversed auctions and being able to purchase luxury items at a very attractive price through combined buying power of the community. In the coming years, reverse auction platforms will play a key role in how e-commerce is perceived and functions. It will also ensure quoting the current market price for the products or services procured and improve supplier relationships because of enhanced transparency.
Telms (Crypto Mutant Team):,
👍
Frank D.MBA,
[In reply to Clinton Beaulieu] Hello
You can find the $FTXF on PancakeSwap
👇👇
You can now buy your $FTXF tokens on PancakeSwap 🎉
Step 1: Set up FTXF custom wallet
A full step guide on how to set up your FTXF custom wallet to receive and send $FTXF tokens: https://ftxfund.medium.com/how-to-add-ftxf-fund-ftxf-to-your-trustwallet-e8a1fc0eb50c
Step 2: Buy $FTXF tokens
👉Copy and paste the Swap link into your Wallet Dapp browser https://pancakeswap.finance/swap/0xd90f0846b9d0f371b35a9fe89102c306458aa56f 👉 Accept the poped notification and import $FTXF token smart contract. 👉 Buy your $FTXF tokens with BNB
Frank D.MBA,
[In reply to Erwin] We are different because We have :
Real company Real products Real Team Real Community Real partnerships ... All real
Paul Bichler,
I think we handled the questions very well, we can never answer all questions but it was still a good effort from the team.
Telms (Crypto Mutant Team):,
Indeed a great one
Paul Bichler,
All, if your question has not been answered, please join the FTXFund Global chat and post the questions there once more
Francesco Dell'Agata,
[In reply to Maxim] This is a good question - in my view, we are a global team and global project with global reach. I pick this question as it’s key. Inclusivity is important and we open up with no geographical barriers. Yes - the platform is suitable to all!
Telms (Crypto Mutant Team):,
[In reply to Paul Bichler] Kindly Provide links to a social media platforms
This is a record breaking AMA.
Telms (Crypto Mutant Team):,
Follow FTXFUND here :
Twitter : http://twitter.com/FTXfundofficial
Telegram : https://t.me/FTXFundGlobal
Telms (Crypto Mutant Team):,
Its was Best & Record breaking AMA we breaked last day Records And this time we get 25000 Question Message 😳
thanks sir for joining AMA And all team hope you have more success in future
Paul Bichler,
"Record breaking AMA" music in our ears.
Be sure we gonna break many more records moving forward
Telms (Crypto Mutant Team):,
It's was pleasure to Hold AMA With you 🚀
Timestamps
Start of the AMA
End of AMA
We are glad to learn about this project and also excited to know many more about this project. Don’t forget to join them on socials, to stay updated with the latest news about FTXFUND.