We are pleased to announce our next AMA on September 25th 2020 at 02:00 PM UTC Time: Satoshi Club x CryptoLocally
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join CryptoLocally ($GIV) Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. CryptoLocally Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about CryptoLocally
For more details:
CryptoLocally – @cryptolocally
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What are the main advantages of your service compared to LocalBitcoins?
What is the average monthly trade volume on CryptoLocally?
as per your FAQ, cryptolocally is powered by smart contract, can you explain more about the smart contract and is it audited ?
When i go through your site, your project seems interesting with similar to that of LocalBitcoins,paxful and Remitano.These three companies we all know are popular, big and large expansion. Are you not seeing yourself rival with them in this market? Or is there any differences between you and them? Also what could make your platform better.?
I want to know more about the CryptoLocally system of interest and the established blocking periods, what is the minimum blocking period that users must accept and when can this period be stopped or withdrawn?
CryptoLocally has a very interesting wallet (Finance Wallet) but, do you have a recovery system in case I forget my password? Is there any way to recover my wallet or my assets from being deleted?
Many DeFi platforms are investing in software and middelware development in order to generate useful tools for cryptocurrencies. Is there a new project in CryptoLocally for this area in DeFi and middleware?
By eliminating the middleman, CryptoLocally enables people to bypass the onerous fees, interest rates, and other restrictions of traditional financial institutions I’m interested in knowing how you intend to fully achieve this so users can successfully trade Crypto for fiat and vice versa across regions since at the moment most p2p transactions and payments are carried out either through bank transfers, KakaoPay, AliPay, WeChat Pay, Venmo e.t.c
Cryptolocally Launched a finance wallet With a direct gateway from fiat to finance, GIV staking rewards and integration with p2p trading, can you tell us how this finance wallet works, it’s features, and staking rewards available And do you have plans of releasing an Android or IOS version of this finance wallet and cryptolocally
CryptoLocally Vaults (CLVs) are non-custodial, smart contract based algorithms deployed across multiple chains, can you explain how this works , what it does and on what chains do you have this deployed
My #question is: There have so many such DeFi platform exist and offer only ETH as default collateral, which causes problem if ETh price fluctuate. How CryptoLocally solve this problem? (if solution is paying premium as you said, how premium will determine?)
What is CryptoLocally’s unique FEATURES, that has made survive this long and stand out among other competitors?
What mechanism helps CryptoLocally reduce inflation of GIV token? Can you please explain the detail about requests and the benefits of miners?
One inevitability that often arises on P2P trading platforms like yours are Disputes. How does Cryptolocally resolves them?
GIV is the native token for services on your platform. Why do you feel a need to create a token for your platform? What are the features of the token?
Where is your business office location located and are you available in all the countries where you provide services?
I went to your site but I am unable to find the transaction fees details and what is the limit for day to day transactions and offers? What happens if transaction fails, problem or any dispute arises and what will be the role of cryptolocally on it
Does Crypto locally allows to trade on local level only or can I do trade to the other country trader as well in other words on a global level? What are your plans to make crypto trade in global level ?
Can you introduce some of the unique features of GIV token which reduces inflations and how crypto locally vaults works on it?
I wanted to suggest that you change the name of the project so that it sounds shorter and simpler. And began to translate the word exchange into Latin and Italian. The first option turned out to be terribly long – “commutationem”, and the second not very euphonic – “scambio”.
How did you come up with the name of the project? Do you think that it needs to be changed to make it sound more accessible to people far from cryptocurrencies?
How is CryptoLocally development in progress? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?
Can you tell us some of the features of CryptoLocally exchange that you are most proud of? Do you have any plans for further development of the exchange’s features in 2020?
What make you approach to blockchain and apply it as a solution for CryptoLocally? What motivated your team to overcome the initial difficulties and achieve the results today?
I live in Latin America. I use Binance P2P. But when I want to buy crypto, I have to trust the user, I have to do the payment and then he releases the crypto. Is that problem solved in crypto locally? How are the transactions really trustless?
Liquidity, Transaction fees and slippage are always important factors in Finance services. How does Crypto Locally solve the above problem to attract users?
People always affraid about the speed of transaction because they worried about their transaction will be failed reckon they using new platform. So how fast and safe transaction on CryptoLocally? How you can convincing us??
Paxful offers a P2P platform, how different is the experience a new user can have when using the Paxful platform? Is this platform designed for any user or does it have a complex design? Thank you!
While watching the CryptoLocally, I thought it was cool. If the price of exchange A is 100 and the price of exchange B is 150, it seems that it can be purchased on exchange A and sold on exchange B. Is this true?
Is CryptoLocally attention only on Peer-To-Peer (P2P) transactions? Is there nothing else CryptoLocally wants to develop? And is the CryptoLocally platform suitable for beginner crypto users or advanced crypto users?
How is this different than Local Bitcoin? Beside BEP2. How can you avoid kyc? Even Local Bitcoins started using it when governments were cracking down.
There have been many projects like this where it’s all talk ang promotions but after a few weeks just get abandoned and leave all investors, how can you say that CrpytoLocally project won’t be like those projects?
One of the main difference of this service is the escrow. Could you mention three differentials about the escrow in relation of other existing P2P plataforms? Why is important to use CryptoLocally?
What mechanism has cryptolocally put in place to help provide a secure and trustless environment so that people can trade cryptocurrencies easily?
What is the role of GIV token to your ecosystem? What are the use cases of GIV token?
How do you ensure that each buyer and seller in the P2P FIAT transaction are honest and there is no loss of funds from one party? How does Cryptolocally prevent scams?
Once we get the tokens, would we be able to trade it on Binance DEX ? Or it’s getting listed on other exchanges?
How many payment methods does CryptoLocally have and how flexible is it to unconventional methods such as paypal, giftcard etc?
Who is the CryptoLocally target market? Can inexperienced users make use of the platform? Also, how profitable is it to sell or buy cryptos through this platform?
Marketing strategy is very important. So what are your plans for this? How will you build strong relationships with communities?
Is there a plan set in place to get people more aware of the platform and also actively trading the token? It seems like Binance DEX has fewer audiences compared to ERC20 dexes like Uniswap.
How are the commissions for the smart contracts used by CryptoLocally? Is it advisable to change the currencies in the Tron network rather on the ETH network because of the high cost of gas? Or are the fees the same for all currencies?
Is there any way to qualify users after a purchase/sale has been made? How do we know they are reliable and that our money is not at risk? Is KYC necessary?
Local bitcoins nowadays is mainly popular due to cash deals locally, How would cash deals work on cryptlocally since all is on smart contract?
Is this a platform for professional traders? What is the effect that ordinary investors who are not trading experts can feel from using the CryptoLocally platform?
The DEFI space is very young and is changing rapidly. My question is, how flexible is CryptoLocally’s design and tools to adapt to changes in the DEFI crypto space?
Is CryptoLocally attention only on Peer-To-Peer (P2P) transactions? Is there nothing else CryptoLocally wants to develop? And is the CryptoLocally platform suitable for beginner crypto users or advanced crypto users?
What happens if in the Peer-to-Peer FIAT transaction the seller cancels the sale after the buyer makes the payment? How do you protect those funds?
For each exchange, the factors that attract more users are: low transaction fees, high levels of security, and ease of operation. Can Crypto Locally ensure these requirements for users?
Is $GIV the only CryptoLocally token? Is there any benefit on the platform for holding this token? Also, is this token mineable? What are the profits?
Despite the recent DEFI hype, current adoption and user engagement in DeFi is only 1% of crypto users. How are CryptoLocally planning to raise the overall level of DeFi adoption?
What geographic markets is CryptoLocally focused on, since the banking system in different countries can be very different?
• Using decentralized platforms, although safer, are more difficult. Why is it better to use CryptoLocally and not a P2P platform of some centralized exchange or LocalBitcoins?
• Who or how do you decide which currencies can be exchanged in CryptoLocally P2P? Will it be through governance or is it all decided by the core team?
• How is the business model of CryptoLocally? Are there high transaction fees? Are they routed directly from the smart contract to the platform wallets? How do you generate revenue?
Why would you prefer to trade in the futures of PlotX than the Binance futures? will have better options to guarantee good operations?
How much is the minimum and maximum amount of PLotX tokens that I need to be able to make a stake in this platform and be able to enjoy the predictions? How many stakes could I have simultaneously with PLOTX?
In PlotX there are several packages with greater prediction efficiency or greater benefits than others? Would you have to pay to enjoy each one?
really why associate a trading platform in futures to the ETH blockchain? is it simply to be able to decentralize it? or are there some other benefits that PlotX enjoys from it?
To make it easier for users to operate, does PlotX have the option of buying tokens or fiat by P2P? or would that be done directly with the associated DeFi wallet?
An important limitation in futures platforms is the rapidity of liquidity in the closing of operations in volatile markets such as BTC, such as PlotX achieving the closing of operations in microseconds?
Could I increase my capital in PlotX without the need to be trading, but simply with the stake? What other ways can I earn with PlotX?
What plans to launch the native PlotX tokens on the various IEO platforms? Where can I get my first PLOTX tokens?
Really all the predictions that PlotX provides are 100% correct? What% of reliability do you guarantee your users with these predictions? Or better to continue trading with our Trader strategy without considering the prediction?
Do you use escrow for transactions? Explain how it works on your platform. Do you use cryptocurrencies from different blockchains, are there any fees when transferring funds to an escrow account? And how long can transactions wait for confirmation?
You have transactions with residents of the United States on the same platform where strict laws and Venezuela where laws do not work. As well as Hong Kong, which can be called an offshore zone. How do you manage to combine all this? Do you work with a large number of fiat gateways? Do you need kyc everywhere?
Can you provide some information about your referral program please? What are the benefits? How long will it last, for a limited time or forever?
You are focusing on P2P trading, so what is P2P? What is the difference between P2P trade and known exchange trade? How does it help users?
What does Non-Custodial mean? Why is your service Non-Custodial? What are the advantages of it, compared to Custodial services?
Are there any country limitations for your services, or are they available worldwide?
Your system seems to have some special trading timing procedures. Can you provide some information on how long the processing steps of trading take?
Are there any limitations for P2P offer rates, or can anyone offer any number arbitrarily?
all transactions are protected by an escrow until the end of each transaction. Kindly Explain more about this ESCROW PROTECTION and how do you resolve Disputes between Traders
You advocate meeting in person for cash transactions, doesn’t this negate the whole idea of cryptocurrencies which is anonymity and also put your users in potential danger
I can cancel or amend trade, right up to the moment payment is made, considering the volatile nature of cryptocurrencies assets, how do you cater for fluctuations and Volatility
What are the main differences between CryptoLocally and the traditional OTC market? What do you consider to be the best strengths of CryptoLocally?
Regarding the GIVernance, is there a mandatory minimum amount of $GIV that users must own in order to be able to participate in the voting process within the CryptoLocally ecosystem?
You recently mentioned that you want to expand your community and focus on new locations like Indonesia, China, Vietnam, Ghana, Argentina, and Venezuela for example. What do you think of the Latin American market? Why Argentina and Venezuela?
How do you think that CryptoLocally stands out compared to other P2P platforms currently on the market? Why should CryptoLocally be the first choice of users?
Why did you decide to integrate DeFi smart contracts into the CryptoLocally platform? Can you share with us what are the reasons behind that decision?
CryptoLocally is the first P2P trading platform with a DeFi feature. That’s innovation! Can you share with us what are your current personal views on DeFi?
Which specific about technology and strategy of Cryptolocally that make you believe it will be successful and what does Cryptolocally plan do to attract more users in the upcoming time?
How easy is the Cryptolocally platform to use? Do I need to have trading knowledge to maximize my income using Cryptolocally? AND, Do I have to undergo KYC before I can deposit or withdraw my funds?
How are both parties sure that they will receive teir tokens or FIAT when the transaction is completed? What makes transactions in cryptolocally trustless, and what happens when a buyer/seller tries to corrupt the platform and not to give its money?
You have a payment method via Gift Card.
Is this Gift Card exclusive to use on the platform and is there a minimum amount to get it?
“GIVernance” is there a requirement for holders to participate in it? Will a $GIV amount be required to exercise these rights?
What about security, can you trust it?
if yes what is the reason
I am interested with Cryptolocally since it doesn’t need KYC for sign up but of there is no KYC how will you know your customer better? Apparently, what terms and condition are applied for the new users in your platform? Can I use your platform instantly?
For those who do not know your referral program, can you briefly explain the referral program of Crypto locally? How does it works? How can a user earn with referring friends in your platform?
3.Aside from online payment method for Peer to peer transaction in Cryptolocally, I read in your website that payments can be also made through meet up in person for cash transaction. Did you tolerate this kind of transaction which is face to face cash payment transaction? How does it works? What is the procedure of this kind of payment?
What problems is CryptoLocally trying to solve to make it easier for Crypto users? Please let us know how evolving the roadmap is right now. What will happen this year and in the future?
Which features of cryptolocally make it the fastest, cheapest and easiest platform of its type? Actually how fast, cheap and easy it is to use cryptolocally?
Question-2: Yield Farming Defi is a very popular and lucrative medium at the present time and there is no end to everyone’s curiosity and interest in this defi. Now my question is what does the $GIV platform think about this definition issue? Do you have any plans to work with Defi in the future?
Question-2: which areas does $GIV focus on at the moment DeFi, Dapps and which Products/Projects are you developing to support it?
Question1: cryptolocally platform Is Safe DDOS Attack? Many Exchanges Have Been Hacked,Even Though They Have A High Level Of Security. Do You Have A Mechanism To Prevent Such Attacks? Will You Compensate Users If Such An Attack Occurs?
Question2: Who Are The Current Notable Partners For The And What Can We Expect From The Partnerships That You Have? How Many Business Partner In $GIV? Are There Any New Partnerships And Interesting Upcoming Usecases?
Which features of cryptolocally make it the fastest, cheapest and easiest platform of its type? Actually how fast, cheap and easy it is to use cryptolocally?
are transactions in cryptolocally completely trustless? what happens when a buyer/seller tries to corrupt the process?
is cryptolocally avaliable to trade cryptocurrencies for fuat in Latin American countries?
Is cryptolocally essentially centralized? What are your long term plans for the government of the platform and how do the users get to be part of it?
Q-1: Uscase is an important and essential subject for every project and this Uscase is often the main focus of customer attraction. Now I want to know the details about $GIV Uscase?
Q-2: do you have buy back and coin burn any plan in future ?
Today there are hundreds (if not thousands) of platforms for buying and selling cryptosystems. Question: What advantages and benefits does CruptoLocally offer that other platforms do not have yet?
The smart contract transactions we don’t need to trust anyone, so the procedd is genuinely trustless, but how long can the appealing proccess take, would the funds be locked throughout the process?
A problem with crypto/fiat transactions is the very expensive fee that it takes. How are the fees while buying cryptocurrenciea with fiat in cryptolocally and viceversa, are these prices competitive with the ones on the market?
Ask about PayPal… This is a very famous wallet, but it brings a lot of mistrust because of how easy it is to reverse an operation after “you’re done”. How do you deal with this problem to avoid scam users taking advantage of it?
How does CryptocaLacally handle the issue of the volatility of the price of cryptomonies after an offer to buy or sell is made to another user? Is the price fixed for some time or how is this issue?
What could be the risk of having instant transaction powered by blockchain the cyptolocally smart contract ? Can you explain further how peer-to-peer trades and confirmations made possible instantly?