【XMEX Contract Business College】Review of the first phase of Trading Camp

The first AMA of the Trader Training Camp ended successfully.

We will review the nine exciting questions and answers in this issue.

Speaker of this issue: Allen, principal of XMEX Labs

Sharing topic: “What features do contract platforms need to make it easier for users to achieve profitability”

Sharing time: 2020.5.27 20:30

Sharing location: “XMEX Business School @ Trader training Camp community

Wonderful Question and Answer:

Question 1. XMEX has become a dark horse in the contract market this year. What do you think of the hot contract market this year?

Allen: The contract market has always been a scene in my opinion. It was first used as a hedge by mining work. Since the 17-year bull market, the development of the spot market has nearly withered, and more and more projects are not doing things and can not bring value to users. Users naturally transferred from the spot market to contracts with large currencies, and the myth of riches on the contract market is not uncommon. The entry of contracts from mainstream trading platforms in 2020, due to the impact of the market environment, new users did not dare to enter the spot market, and directly entered the contract field, so that the contract began a situation of controversy. Until there is no new wealth effect in the future, the contract will continue to be hot.

Question 2: As the person in charge of the XMEX Innovation Lab, can you tell us about the main aspects of XMEX innovation?

Allen: The predecessor of XMEX was originally a service company that provided technical contract technology to other exchanges. The technical strength is very strong. The research and development team of nearly a hundred people, innovation is also what we have been doing. It can be reflected in the trading function of XMEX. First of all, at the level of user transactions, there are two stop-loss and stop-loss functions on XMEX, namely, stop-loss and stop-loss for pending orders and open positions. Pending orders, stop-profit and stop-loss functions In the entire market, only we have this function, and focus on it. At present, only we have this function. Users can set stop-loss and stop-loss on unfilled orders.

The second major innovative function is that both full positions and positions can be held simultaneously, and any multiple can be adjusted. The one-key reverse position holding function is also one of our innovations, which allows users to keep up with the current market rhythm and reduce losses in the event of a sharp market reversal.

Our last killer experience is also one of the best user experience features, that is, in the full warehouse mode, the burst position ladder is forced to close. In the case of a heavy position, the user will stop the loss in batches, and the final position will only be half of the position, which reduces a lot of losses for the user.

We have heavily employed a professional Alibaba team to perform on-site repairs at XMEX’s domestic office locations. There are many innovations above, and XMEX will continue to innovate, bringing value to users and a better trading experience for users.

Question 3: All investment users are concerned about the safety of funds. How does the contract platform ensure the safety of users’ funds?

Allen: Fund security users need to understand what the platform’s security system infrastructure is like. XMEX’s security system has three layers of comprehensive security audits. Self-built industry’s most advanced layered deterministic cold wallet system, all users’ recharge addresses are cold wallet addresses, and fund collection and withdrawal are done through offline signatures.

In addition to understanding the platform’s security system infrastructure, it also depends on whether the platform’s qualifications are complete, as well as team background, business license, and futures license. XMEX has a Seychelles business license from the beginning of operation. The R & D team members come from, Morgan Stanley, CICC, Hang Seng, Tencent, Noah Wealth, etc., obtained the US MSB futures license in April, we are confident in June Can get the legal business license of more countries.

Question 4: The regulation of the blockchain industry is becoming more and more regular. Are there any corresponding measures on how to embrace the regulatory platform?

Allen: XMEX has always adhered to global compliance operations. The relevant policies in each region are not the same. XMEX ’s business expansion in each region will strictly follow local policies to conduct business. XMEX is registered in Seychelles, When our business expands to the United States, we will apply for the MSB license issued by the US financial supervision in advance. When we are going to enter other countries, we also follow this principle. Always adhere to compliance and embrace regulation.

Question 5. Everyone knows that the contract is very particular about the trading operation experience. How does the XMEX platform understand innovation?

Allen: XMEX is a technical team with more than 100 engineers, and R & D strength has never been a problem. When we are developing each functional module, we will be very careful to communicate with many users, listen to their feelings, their understanding of the function, XMEX’s innovative mechanism is actually user-driven rather than technology-driven. Every day, a large number of users give XMEX feedback on the optimization of various details. Every question and feedback will be recorded and taken seriously. This is the power of innovation and the source of innovation.

So every user is actually more or less indirectly involved in the design of the XMEX system, which is why the real XMEX experience can make users scream.

Question 6. The platform has recently launched a copy function, can you tell us about the logic of thinking when designing a copy product?

Allen: Our original intention to build the XMEX brand is to enable technology to enable innovation. The innovation is implemented in the contract exchange. To put it plainly is to make it easier for users to make money. With this direction guide, when we see the copy function in the market, I think this scenario is very consistent with the platform’s philosophy. The copy is essentially a shared trading signal, which allows users to choose traders to follow and ultimately achieve a fool-like profit while minimizing the user’s learning cost. We see that many contract Xiaobai missed the opportunity to make orders again and again because of the difficult operation of the contract, and the copying just happened to solve this problem, so we are willing to invest a lot of technical resources to develop this function.

The copy is currently in the public beta stage, the limit is set relatively small, the technology has been updated based on user feedback, and it will become more usable after iterating through the two versions, and then will gradually release the copy Various restrictions. I believe that copying will soon become more and more useful, and I hope that everyone will eventually make money through copying.

Question 7. At present, the domestic contract market is so hot, you are an entrepreneur in the contract field, can you tell us about the situation of the foreign contract industry?

Allen: The contract is the big wind this year. The acceptance of contract products is relatively high worldwide. There are several reasons here. One is that with the decline of blockchain projects in 2020, more and more people naturally Started to pay attention to the contract, the same globally. Another reason is that the contract is a standardized product, and global users can play in the same market. The contracts are based on mainstream targets. This reflects a broader consensus. On these levels, global users are all it’s the same.

Question 8. XMEX platform received investment in April this year, can you tell me more about it?

Allen: Investors in this round of financing included Asia ’s first fully compliant cryptocurrency fund, Circle Fund, and Swiss investment group Kylin Prime Group, which invested a total of US $ 6 million.

Dai Kai, Chairman of Kylin Prime AG, said: “As an investor in XMEX, I see that the XMEX team is confident in the future market and is actively expanding the global market. I believe they can do it, and their financial data is also proof,” I hope Seeing XMEX continue to grow and develop with the support of Ruilin, and continue to bring huge value to the digital currency market. “

Dai Kai, Chairman of Kylin Prime AG, said: “As an investor in XMEX, I see that the XMEX team is confident in the future market and is actively expanding the global market. I believe they can do it, and their financial data is also proof,” I hope Seeing XMEX continue to grow and develop with the support of Ruilin, and continue to bring huge value to the digital currency market. “

The first round of investment can also be found on the enterprise check, which also has detailed records. This investment also allowed us to successfully obtain the MSB futures license issued by the US Treasury Department, which laid a solid foundation for XMEX’s future compliance. Ruilin Group is an overseas investment immigrant. It has invested in many well-known exchanges in the fund. Both investment institutions are top-level institutions. This is a great recognition of us.

Question 9. How do you think about the future planning of the XMEX platform?

Allen: As the XMEX platform becomes more and more perfect, the platform will continue to improve at the business level, product level and brand level.

The business level is mainly business globalization, providing multi-language versions. The language versions will initially cover the five major languages ​​English, Chinese, Japanese, Korean, Indian and other popular languages.

At the product level, contracts will be started, and scenes will be extended horizontally, such as copy orders, options, ETFs, etc., and eventually all scenarios of derivatives will be covered.

At the brand level, the current XMEX brand effect is not strong enough. In the future, it will increase investment in this sector to deepen users’ awareness of the XMEX brand. Next, we will cooperate with various media, such as Golden Finance, Coin World, Deep Chain Finance, Non-Small, AICoin, and other head media and communities for in-depth cooperation or joint coin coin contract emperors and other well-known contract communities to hold various real contests. In order to enhance the brand’s voice and user awareness.

XMEX aims to become the dark horse of the 2020 contract exchange and lead a new wave of contracts! As you can tell, we will hold the XMEX2.0 brand upgrade event in the near future.

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XMEX Operation Team

May 28, 2020