We are pleased to announce our next AMA on December 9th 2020 at 03:00 PM UTC Time: Satoshi Club x Globe Exchange
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Globe Exchange Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Globe Exchange Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Globe Exchange
For more details:
Globe Exchange – @Globeofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Globe Exchange has an API. What kind of services do you provide for developers with this API? Is it open to anyone or do we need to get authorization from you with some conditions? Do you charge any fees from the users who benefit from the API services?
What advantages do you offer in your Affiliate Program for what kind of activities? What are the required criteria to be part of this program? Do you have one level of membership or do you have different rewards for performing different requirements?
What are the trading options you provide on Globe Exchange currently, and what future services do you plan?
Can you briefly explain the funding mechanism of Perpetual? How often is the value of the perpetual re-aligned and at what point do the Perpetual expire? After expiry, do the perpetuals just end like that?
You have settled a limit of 10 requests per second for API clients. Otherwise you may block the IP. I understand this is for security. What happens with this locked IPs? And what exactly are you trying to prevent?
Globe for Business offers microsecond response times using colocation on Equinix London LD4, can you explain what are the benefits of using it? and is there some kind of error that can occur?
What is needed to enter to a draw for a Globe rewards cycle? How much it costs? and is there any limit of rewards per person over time?
I read that you actually able to gain the interest and investment of some top names like Tim Draper, Pantera, and Y Combinator. What did this institution saw on Globe platform that out of many Exchange that offer same features, they have chosen Globe Exchange to invest into? Are these institutions helping or giving advice on further development of the project?
Have you decided on which 100x DeFi perpetual platform you will launch first. @globedx, your Twitter page did a survey and there are four candidates; Aave, Maker DAO, Compound, and Curve which MKR actually won. So MKR might be the first one?
Thor, the Globe Exchange’s own matching and risk engine was mentioned on Cointelegraph article. Can you explain and share the unique capabilities and features that only we can see on Thor? Since when are your development team working on Thor and is it already fully operational.
Perpetual futures are financial instruments that closely track the price of asset pairs (e.g. XBTUSD). On Globe, you can buy long, sell short and use up to 100x leverage on these instruments. Perpetuals never expire.How to trade perpetuals? and the difference with Globe?
Can I win more than one prize within a Globe rewards cycle?
I noticed that I received some additional XBT credited to my account and have no idea where that came from. How did I get extra XBT?
One of the Issues with perputual contracts is the issue of non-steady and fluctuating funding rates how is Globe exchange planning to resolve and ensure
steady and non-fluctuating funding rates for your perpetual contracts..
At the Moment only four Perpetuals can be traded on Globe Exchange how soon are you expanding this numbers what other Perpetuals do you have under your radar to add to Globe exchange… will you also be considering the use of Other currencies other than XBT to open positions in Globe Exchange..
In one of your articles you stated that Globe Exchange is “The fastest/fairest exchange, ever”… most of your services are new and your exchange has not been put under the real test of large traffic and handling of millions of request from real users… I could not find any information backing up this claim.. in terms of fairness and speed how does Globe exchanges compare with other top exchanges are their features you are implementing in your platform or evidences from real time tests to back this your claim..
you mentioned on your site that Globe is a cryptocurrency derivatives exchange with deep liquidity from external market makers and Liquidity problem where the centralized exchanges are isolated and prone to hack while the DEXes have no liquidity and difficult to use .How does the Globe face this problem?
At Globe, leverage is set automatically to help protect traders from using large amounts of leverage with extremely small amounts of capital. The smaller the amount of capital, the faster any small shift in market conditions could liquidate a trader’s position. From your point of view What is Leverage? and What are Cons and Pros of using Leverage?
Globe has very detailed rules about their Globe Puzzle. Especially for cheaters that can be disquialifies and blacklisted from earning rewards in the future. How can a participant report possibly irregularities from other users?
Privacy and security is a big concern for investors in this times. Opeening a Globe account takes less than 30 seconds as you detail on your website. It also takes less than 30 seconds to protect the data of your users? What are the strengths of Globe for this point?
You mentioned on your site that To calculate an implied volatility time series from Bitcoin options data, we utilise CBOE’s VIX method, assuming a risk-free rate (R) of zero [1]. This index is labelled VXBT. Explain to us the equation or the method by which this is calculated
According to the Globe Exchange website, Globe change has many investors. What benefits do you get from these investors? Are you planning to attract more investors?
How to join Globe Rewards? Is the task difficult? How big rewards can I get?
According to your website, we get 10x free leverage. How I can get more leverage? What should to do?
– The best gains in trading are with leverage. Globe offers up to 100x for free. Can you explain to us what exactly is free? You don’t charge commissions for the trades?
– With Globe Exchange am I really buying cryptosystems or is it just a derivatives exchange? I mean, is there a spot market or is it all futures?
– Currently there are only 4 types of currencies for trading at Globe Exchange. Which crypts will you focus on to be implemented at the exchange? Will it only be the ones in the DeFi market?
Globe raised $3 million in a seed funding round. The round was supported by Y Combinator, Pantera Capital, Draper Dragon Fund and other solid guys. What was the most convincing investment argument for them?Than do you want to attract institutional liquidity providers to your platform?
I registered on the platform and see that only the XBT deposit is open. Apparently the exchange is still in the process of testing. During the open testing, serious shortcomings were revealed? How do you assess the platform’s readiness for launch?
Some platforms uses AMM or Automated Market Makers for trading while Globe Exchange uses Institutional Market Makers. What is Institutional Market Makers? Can you explain to us how does Institutional Market Maker works? What are the advantages that it brings to your platform especially in trading?
According to your website,”Sign up today, and you will automatically be entered in a draw for XBT”. So can you elaborate more about this sign up offer in your platform? Aside from this offer, what other welcoming reward is open to claim in your platform? Do you also have referral program in your platform? If yes, can you explain more about it? Thank you
There are hundreds or even thousands of exchanges already in the market today. So can you tell us what is the edge of Globe Exchange to be able to follow the trend in the market especially with the major Exchanges? Why do people will choose your platform over other existing platforms in the market already?
The fact that USD will be presented on your platform makes you think about KYC. Will you expand the list of fiat currencies and what will happen with user verification?
On your website you mention the following: “Complete tasks, win Bitcoin”. Can you explain to us what kind of tasks you’re referring to and how much bitcoin we can earn? I would also like to know if these tasks will always be available.
I could see that you are hiring staff to join Globe. Are you looking for specialists in what area specifically? Marketing, cryptography, programming?
A direct question to CEO James West… On your “about me” page you said you are a “former trader”. Why did you stop being one if you had excellent performance? Or was it profitable to found Globe?
Your graphics service is pretty fast, I don’t think I’ve ever handled one this efficiently. Congratulations! How do you manage to do that? Because it’s not at all common to find one like this, most are slow and tedious to manipulate.
All your staff is made up of only two people. Impressive! Where did you get the funding for Globe? Some partners? Or did it all come out of your pockets?
Trading Fees is one of the major items for an exchange. How does your fee system work in general? Do you provide any unique features in terms of fee issuance? How competitive are Globe Exchange fees compared to others?
You are offering up to 100X free leverage. You will not charge interest for using the loan? Please tell us more about this area: what are the terms, what amounts and what kind of collateral should there be?
How to take snapshots on market data with the HTTP API and what is the role of the unauthenticated endpoint cluster in providing the retrieved market data?
How do you combine transactions with institutional market makers in providing market depth and what kind of measures do you take against manipulation risks?
How does the permanent price mechanism work on the Globe in cases of making profits or downsizing positions to maintain positions in the futures contract with the price of the permanent contracts in a financing realized in permanent contracts or permanent futures contracts? How is the relationship between monitored value and permanent price established?
Does Globe Exchange support both spot and margin trading? Because some traders prefer one to the other, I myself prefer spot trading to both Margin and futures.
In your medium you said “Anyone in the world can win the prize, we encourage everyone to participate” does that means I dont have to be register or be part of globe puzzles campaign to participate?
The layout of the site looks like a CEX, is it a CEX platform or DEX platform? If it’s a CEX platform what sort of KYC are the users expected to complete to gain access to the site?
How do tokens go about listing on Globe Exchange? And what steps are in place to ensure that the tokens listed on your platform are genuine projects? What advantages does your platform have over other similar projects?
I think Globe Exchange will be the 1st that launch UNIUSD?,could u pls tell me what is the min depo and withdrawal transaction for Globe Exchange? And also do i need to do verification data or KYC?
As I know one of the weakness of CEX (Centralized Exchange) is security. How did Globe Exchange as a new exchange solve this problem? How did you convince us as trader that your platform is safe?
As an Exchanger, one of feature that possible attract more users to use your platform is low transaction fees, so how did Fee system work for Globe Exchange? Do you also charge fee for withdrawal?
Most investors simply focus on the price of the TOKEN in the short term, and not on the real value of the project. Can you tell us about the motivation and advantages of token investors in the long term?
What are the marketing strategies of your project? What will you do so that your project will be visible in crypto field and people come to explore your project?
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?
Every success project has interested story before it was created . So can you tell people about the story of your project that gave you the motivation to build and develop a great project like Your project?
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?
there’s a competition called “Billion Satoshi Puzzle” on your twitter, and the prize is 10 BTC after the first $10bn traded on Globe.
Wow 10BTC, this is like one of the biggest bounty around, how does this work and do you think it will be so difficult that puzzle can only be solve until your exchange volume reaches $10bn.
What’s the planned long term business model for Globe Exchange and how are the current integration efforts contributing to it?
What kind of metrics and figures (e.g. trade per day, or amount traded, active users, new users, etc.) do you target to determine whether the business model was a success in the next 5 years?
What does Globe Exchange consider as biggest obstacle for long term success and how are you trying to overcome it?
Will you be able to copy trades later in Globe? because this is very helpful for traders and mandatory KYC? to trade on the Globe
are there any plans to make coins stable in GLOBE? like other exchanges that make stable coins
What about the security monitored for 24 hours and What are the drawbacks of your exchange?
Who are your potential customers and clients?
What will ensure that there is sufficient liquidity of various token on your exchange? As people are moving towards decentralized exchanges?
I always have little time to use a computer, so I only use a smartphone. Are there any plans to release a mobile version of the exchange in the future?
CEO Jack West said Globe will be a rival Nasdaq in terms of latency and throughput. Any other exclusive features? Speed is important, but not critical …
There are only 2 team members as i can see on the site. That isn’t too many as for a such ambitious project. Meanwhile i see also that you are hiring smart & passionate people to join the team and Satoshiclub could become as a good chance to find those. Could you clarify more detailed who exactly you are looking for? What skills, profession, experience, etc must someone have in order to apply joining?
Globe was built with a patented order-risk matching engine called Thor. What makes this mechanism unique in terms of latency and throughput?
How did Globe Exchange manage to attract investments from such large funds as Y Combinator, Pantera Capital? What did they see revolutionary and unique about the Globe Exchange?
Currently i see the only one option deposit/withdraw, XBT (BTC). But the world has been changed last years, BTC isn’t the unique crypto any more and it isn’t the best one to daily use, there are other those have much faster&cheaper transactions and people prefer to hold assets in ETH, USDT or other, because of this reason. Didn’t you think that you might have more of potential users if they would able to deposit by these coins instead of BTC(or in addition to BTC )? Do you plan to add other coins as an option for deposit/withdraw? If yes, which coins do you have in the mind?
Perpetuals are huge markets, how does Globe Exchange plan to become the market leader? Do you have enough resources to create a global project?
I am not a trader, I am interested in passive sources of income, such as staking, landing, yield farming. Is the Globe Exchange team planning to develop these features in the future?
What are the Globe fees for transactions and are there any options to reduce this fee for regular users?
You have the insurance fund 22.6 XBT to cover liquidations as stated on the site. Could you tell more how does it work: is it a fixed amount or is it a dynamic value, calculated by a specific formula? Where are those money stored physically? Do you keep them at a cold BTC wallet? Could everyone trace this value in a real time?
How seriously did you approach the system of protecting the personal data and assets of your users? How many confirmations does each operation go through and what are they?
In my opinion what I think about Bingbon it has a high fee and when I bet Long on BTC it is at the price of 19200 $ it will start charging my interest from 19203 $. I feel that is unfair and the pay per hit is quite high. What about globedx trade? What do you have to attract more users than Bingbon? Can you reduce or fix the above problems and explain them to me?
How does Globe Exchange plan to make the perpetual futures contract market safe and affordable? What needs to be done to reduce risks and minimize security problems?
is ur exchange really decentral ? just recently i see alot of token or exchange has some limitation for exmaple forbiden in usa or other country does urs really decentral and provided for every country for no limition base where we live ?