We are pleased to announce our next AMA on April 10th 2021 at 01:00 PM UTC Time: Satoshi Club x VirgoX
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join VirgoX Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. VirgoX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about VirgoX
For more details:
VirgoX Website – virgox.com
VirgoX Telegram – @VirgoX_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How many wallets that can support $Your Token until now? And do you have any plan to build your own wallet?
How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia, Vietnam, India, Bangladesh and Iran, do you have local communities for them to make them better understand about your project?
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?
Getting an Exchange and it’s token into mainstream requires a lot of funding and efforts so financially how backed up are you and who are your current and future partners…??
What are the main utilities of $VXT..?
How does virgox plan to standout from other exchange tokens…!
How does the Quickbid feature on VirgoX work and what are the criterias for participating in it…??
In VirgoX, it’s so nice that while users hold their crypto, they can earn interest too at the same time. So can you tell us more what are VirgoX Financial products, it’s features & how we can participate? Also is there plan on adding more products & support more tokens in the future?
Some trading apps offer Referral Program to their users & I’ve read on your website that you have a Referral Program too. So may we ask is it still available on the platform? If so, how we can participate and how it really works? Also to receive the commissions, is it free or we need to invest too?
Users can enjoy very high APY (Annual Percentage Yield) by participating in your VirgoX Vault & all revenue generated from the DEFI will be used for VXT repurchase & burning. So may we ask how to paticipate in your VirgoX Vault & what is VXT repurchase & burning? Also how do you calculate the APY?
the rates for maker and taker seem viable to me, in what currency are different rates charged? Are you thinking of lowering the rates if we pay with your currency?
Good day, I tried downloading your app on my IOS device and it lead me to a kind of guide which is not really explainable but most especially i was told to download a Testflight version of IOS. I know that your app is not on testnet again then why do i need to download the TestFlight and why can’t I find the app directly on Appstore.
On your website there is the new platform you just launched called the VirgoX Vault, which enables users to be able to farm some assets and harvest only the VXT token. I will like to know how long we can lock a asset and are there no backlash when we harvest early. I will like to know the highest APY among all these assets we can stake.
In your recent VirgoX Vault launch, there is something that makes your farming and yielding platform different from others which is your single coin farming pools and of recent there are only 7 single coin farming pools, what are your reasons for creating a single coin farming pool without making available some assets we can go against (like BTC/your token or the ETH/your token) and when do you plan to increase the amount of asset available for farming.
VirogX is known to be the world center of stablecoin trading. At VirgoX, various types of stablecoins (Fiat-backed, Crypto-backed, algorithm-backed, and asset-backed) are listed and integrated into the ecosystem. What characteristics do they present to be able to say that they are really different from other exchanges? What are the stablecoin use cases that are applied on this platform? Are you supporting the new Stablecoins?
My understanding is that the stablecoin-powered FX （Foreign Exchange） synthetic market is also available on the VirgoX platform 24/7. Can you name which financial products are included in this synthetic market? Is this market available for all countries?
I understand that by the end of last year the VirgoX platform was entangled in a painful hack of OUSD. After returning all the transactions and trying to put everything in perfect harmony, did the sequel continue to emerge? Did this affect the VirgoX market in any way? What security method do you implement now to avoid these kinds of errors?
By visualizing its platform, I could see that there is a variety of DeFi products and also how VirgoX is adding value to the constantly growing DeFi world. Do you accept all kinds of DeFi protocols on your platform? How do you eradicate all the problems that the DeFi world brings with it at this time?
I understand that you have launched a rewards program to give value and use to the $ VXT tokens, I want to know if you can still participate in this program? How can I win VXT? Do you have any current campaign to encourage the community to use your platform?
VirgoX actively sources various existing and future DeFi protocols, allowing users to deposit assets in one place and get the best possible returns without worrying about the steep learning curve. Through which tool is this link applied? How do you solve the case of low APYs?
VirogX is known to be the world center for stablecoin trading. Can you tell us about how you define the $ VXT token? What functions does it fulfill within the platform? What is the philosophy behind $ VXT?
Something that I could see in the VirgoX platform is that they provide an easier experience for users. Is this experience only for Stablecoins? Will they just continue to grow in this sector or will they add this experience to the DeFi world?
VirgoX is known to be the world center of stablecoin trading. In VirgoX, various types of stablecoins are listed and integrated into the ecosystem. How are the $ VXT tokens obtained if I understand that they do not sell them?
VirgoX is widely recognized on a global scale in stablecoin trading material this gives the platform a good look and feel. Can you tell us a little about what the stablecoin loan and indebtedness allowed by VirgoX is based on? What is the process ? What benefits do you get through this tool? What requirements must be met to opt for a loan?
I understand that VirgoX has an unbreakable security mechanism due to the technology they implement. Can you tell us a little Virgox about this technology? Because almost 98% of the assets that circulate in VirgoX are stored in a cold wallet?
Currently many platforms are implementing Stakeout or burning in their tokens. I would like to know what strategy they apply for the proper functioning of the $ VXT token? What can I use the $ VXT token for?
VirgoX is widely recognized on a global scale in stablecoin trading material this gives the platform a good look and feel. Can you tell us a little about what the stablecoin loan and indebtedness allowed by VirgoX is based on? What is the process ? What benefits do you get through this tool? What requirements must be met to opt for a loan?
Some of your Products includes Earnwell, forex contract, Quick bids, and the newly launched Virgox vault. Can you explain these products briefly and what we can do with them?
You had a partnership with two different NFT project; Le Bond – first NFT platform to serve the real estate and OVT. With the growing interest in NFT, do you have any plan to add an option for NFT on your exchange?
Most exchanges have app and software for major OS like ios, Android Os, e.t.c I checked through your website and the only link available is for downloading the android apk file. I want to know, are you planning on releasing softwares for Windows and iOS anytime soon?
You said in your whitepaper that the $VXT token would be gotten by earning it. What are the different activities i can carry out on the exchange to earn the token? Are there any other activities outside the exchange that can also earn me the token?As a $vxt holder, what do i benefit from holding and uaing the token? Can you tell us a little about the token model, bonus allocation, burning and rebuying period.. e.t.c?.
As it says on your website, VirgoX adopts its own technology, can you tell us a little about this technology? Why did you decide to create your own technology for VirgoX? What are the advantages of this technology? What does it offer in terms of scalability and efficiency?
Regarding one of the new VirgoX features which is the VirgoX Vault, you recently implemented BSC and HECO transactions. Why did you go for these blockchains? Also, you say you will add more soon, do you have other blockchains in mind?
VirgoX Token (VXT) aims to become the entry token for the world of global stablecoins and DeFi. But your project does not have governance for all investors? Do you plan to launch a token soon that is used for the governance of VirgoX?
According to the VirgoX roadmap, in Q3 2021, you will implement the “VirgoX Exchange Full Transparency”, can you tell us a little about this implementation? What are your intentions when launching this implementation?
The truth is that I have a confusion which is the following: With DeFi Simple Earn, cryptocurrency holders save a lot of time and increase the APY, but is this a separate function from VirgoX Vaults? What are the differences?
One of the fundamental philosophies of VirgoX is simplicity, why do you define VirgoX in this way? What are the most important aspects of VirgoX that makes it simple?
Checking your website brought me to a CEFI vault which is just as well connected to the DEFI in your platform, from my point of view i will like to know the reasons you introduced CEFI to a decentralized exchange system because firstly 98% of your assets are stored in a cold wallet and we all aware that KYC is not needed in DEFi but in your platform it is actively needed.
I will like to hear from you, the processes you go through to ensure that all my funds are SAFU with you. Also I will like a short explanation on how you insure your services also.
In your roadmap, you planned to bring NFT to CEX. How do you plans to do so knowing that CEX is fully security conscious and also a 99.9% rest assured place for users. Do you have plans of amending all the irregularities in NFT or you have some other plans you will like to share.
In trading everyone is responsible for their assets and the movements they make, however it is very important to know that the platform has methods to minimize these risks, what security measures does VirgoX offer to its users?
VirgoX has a utility called Flexible Savings to earn interest in $ VXT, it strikes me that it is a “flexible short-term design”, what are the advantages of this function in a short term and what risks are inherent with its use?
The Exchanges competition is very hard, so can you tell me what are your core pillars or killer features that make VirgoX exchange a TOP Exchange?
One of VirgoX’s features is quickbids. I have never heard and found this feature on any exchange before. Can you explain more about this feature? how does it work?
Many exchanges hold trading competitions and referral competitions to attract more users to their platforms. Does VirgoX have this kind of program? Can you share some of your programs to increase traders’ earnings apart from trading?
VirgoX tagline as world stable coin trading enter is like winning the audience. However, what do you do to maintain the stability of $VXT? Is there specific treatment to prevent in from volatility? Please assure us.
As for marketing strategy, most of startups rewarding user who can invite new user to join, or called referral. Does VirgoX has this referral program? What is the scheme or requirement to meet the reward? How much will I get by inviting new user?
For end user, easy use and light apps always win the attention. Can you tell us regarding on VirgoX apps? as a new user, is there guide or manual on the app?
In regards of sable coin trading, where is $VXT token listed? can you tell us total supply of VirgoX token? What is the chance and prospective benefit by holding $VXT?
On the tagline “Stablecoin World Trade Center”, What does VirgoX provide that is different from other exchange? Does the unique platform at VirgoX only stable for pair listed?
This days, DeFi is growing up faster and famous at crypto world. It becomes new trending as decentralized finance. However, it is also come up with problems and obstacles. How VirgoX will overcome and solve the problems at Defi?
I just realized that apart of support Ethereum, you also support BSC and HECO chain, so considering this have you planned to add more networks?
Virgox is considered claims that is the center in terms of stablecoins, but do you support multiple networks of each Stablecoin? Like USDT-TRC20, USDT-ERC20, USDT-BEP20?
VirgoX claims that its security is impeccable, so can you explain how are you able to get such performance? Why did you chose put 98% of your assets into cold wallets?
Virgox is an exchange that have its own native currency ( the VXT), so this token has special uses cases considering that is on its “home”? Like Binance with their BNB token?
Article from The Medium: “DOT Wins Voting Contest and will be launched in VirgoX Vault at 14:00, April 9, 2021 (UTC)” So, how did the launch go and what features does the DOT single token pool give VirgoX users?
Trading on this platform is good but will be better if trader can be making use of your wallet too. What is your plan about this? Do you have it in mind to create your own wallet in the future? Or you prefer not to create at all?
As single token pools, VirgoX Vault pools don’t incur impermanent losses. I would like to know why and how did you achieve this?
It is interesting to know that, instead of selling the VXT token, VirgoX has decided to give out VXT to community members as rewards, specifically to those who have contributed to the ecosystem and performed activities beneficial to the ecosystem. As an exchange considering that this is your native token, how sustainable is this approach and does it necessary mean that I can’t trade VTX pairs until my activities are deemed to be beneficial or I have made substantial contributions to the ecosystem to get rewarded with it?
HOW MANY ACTIVE USERS PER MONTH AND PER DAY ARE THERE ON VIRGOX AND WHAT POSITIVE EFFECT DOES THIS HAVE ON THE PROJECT?
DOES THE VIRGOX DEVELOPMENT TEAM HAVE A TRUE DOCUMENT PROVING THAT THE VIRGOX GLOBAL PLATFORM FULLY COMPLIES WITH THE RULES AND REGULATIONS OF THE FINANCIAL INTELLIGENCE UNIT?
I observed that VirgoX periodically carry out voting contests to determine the next project to be launched in your vault. What are the necessary criteria for members of the VirgoX community to participate, is voting limited to only traders and investors within your platform and are there unique methods to which voting is cast for each project/token?
ASSUMING THAT I AM A NOVICE USER IN THE WORLD OF CRYPTOCURRENCIES, VIRGOX HAS A COMPLETE GUIDE WHERE THEY EXPLAIN IN DETAIL ABOUT, HOW TO USE THEIR OFFICIAL PLATFORM CORRECTLY?
“Stablecoin World Trade Center” is what you call yourselves, but is it really different from other exchanges in the sense that they have more amounts of stablecoin on their platform? Or is it simply because your platform has been supporting stablecoins since its inception?
Could you really explain why Virgox places so much importance on multiple stablecoins? is it not enough to keep the market through a few like USDT, USDC?
If the value of stablecoins is really the same, why create so many pairs of different stablecoins on Virgox? Is it that your platform provides any benefit when operating with stablecoins other than conventional ones such as USDT and USDC?
If really famous exchanges like Binance don’t focus so much on stablecoins, why should Virgox? Could it be that there are intrinsic benefits to stablecoins that only you know about?
Many exchange platforms are beginning to integrate NFT tokens on their platforms, benefiting the most loyal users and other contests, does Virgox plan to implement NFTs on its platform? or is stablecoins enough?
You point out that operators can enjoy the advanced analysis services provided by Virgox, but how advanced is it really? is it will help us to carry out more successful operations?
I understand that initially Forex developed its operation based on stablecoins, but after cryptocurrencies grew, many forgot Forex, now that Virgox is giving value to stablecoin again, do you think the Forex market can grow again?
Do you point out that you have your own technology? But is this technology really based on conventional exchanges? or simply to support and take advantage of the full potential of stablecoins?
You have QuickBids on your website where users can activate an Auto Bid function, can it remain on for unlimited time? Can you explain the limitations and the pros and cons of using your Bids?
I could notice that VirgoX has a section to provide interesting teaching articles to users, is there any way that we can request topics that we are interested in learning? What other academic measures do you plan to implement in the future that can be even more dynamic?
On their website they mention VirgoX Vault will be launched very soon, but I think it is important that every project has certain objects and goals to achieve. So my question is regarding it, what are the VirgoX Vault plans when it comes out? What is the goal you plan to achieve after the official launch of VirgoX Vault? And what tools or alternatives will they use for VirgoX Vault to develop over time?
There are a lot of mining rigs out there lately, and they differ in their mining power, efficiency, and stability. But I consider that the paramount thing before starting to mine on a platform is safety. Could you explain to me what the security of VirgoX Vault was based on? There are no chances of cyber attacks, hacks and possible theft within the platform? How can users fully trust your platform to start mining?
VirgoX Vault supports BSC and HECO dual chain deposits and withdrawals, and this innovative product has certain advantages, and one of them is that they will launch 6 groups (BTC, USDT, ETH, USDC, BUSD, HUSD) in this V1 version, with a High APY and stable income. My question is, after version V1 do you plan to integrate more groups of assets? And how do they ensure that the high APY they offer is safe and stable? What is the approximate APY that users could generate within VirgoX Vault?
Now there are so much stablecoin that show in DEFI project. VirgoX claim to become world stablecoin trade center, can you give a reason what makes VirgoX stablecoin become world trading center? What are new innovation from your stablecoin?
I check your site that you have new feature name with “QuickBids”.is this same like betting game which loser will loss all the money and winner get all? How does this QuickBids mechanism work?
One of the feature of VirgoX is Advanced Analytics. Well, can you explain more about this feature? How this feature plays an important aspect in VirgoX application? Thank you
It’s nice to know that VirgoX has a VirgoX Academy. So for traders like us and to non-trader that want to learn to trade,can you explain more about this Academy? What are the exclusive learnings and knowledge that VirgoX Academy wants to share with your community members and traders? Is this academy is free or we need to subscribe or pay to attend ? Thank you
About the multi signature cold wallet technology, are you storing the costumer tokens on the cold wallet? If so, how do you liquidify them for trading? As 98% of the assets will be stored on the cold wallet are you going to use off-chain trade system? If there is an exploit happens with trading system, can you use ledger’s insurance?
Today there are a huge number of exchanges that offer us many services, products and incentives for their users. How does VirgoX differ from them, what do you have that might interest us, what are you superior to others in?
VirgoX has a “Revenue Share” proram which referrer’s will receive up to 30% of the referee’s spot trade fees, 20% of the referee’s contract trade fees and 10% of the QuickBids bids spent on VXT. Do the Revenue Share program still ongoing and is there any updates or adjustments to the rewards?
VirgoX just launching $FEI and $TRIBE for new vault pool and have new staking program. Can you explain the staking mechanism, how the calculation user get the reward from stake? And what are connection $FEI and $TRIBE token in your ecosystem?
As you are mostly interested with the stablecoin trading and I see a forex trading page on your website, in the future will you allow your customers to trade for commodities like cotton, corn, wheat or even stocks and brent oil? Will it be possible for trading these commodities with crypto?
Could you please tell us what features make VirgoX stand out from the many competing centralized exchanges? How would you convince new users to join the platform in a few words? Thank you!
VirgoX has decided to give out $VXT to the community members who have contributed to the ecosystem instead of selling the $VXT token. Who funded VirgoX project when it still on planning and development stage without tokensale? Do you have angel investors?
I read that VirgoX will be constantly evaluating new coins/tokens to be supported. Could you please share what criteria should the token meet to be listed on VirgoX? How do you make sure scam projects are not getting listed and not tarnish your reputation?
Can you tell us ways to earn $VXT tokens other than buying it on the market? For traders, how much they should trade to earn 1 $VXT? Is there any bonus for bigtime traders?
Your promotion for staking is great to have ultra high APY reach to 117% for stake #BUSD to get Virgo token, i just wonder how did you possible to keep it sustainable with high APY like that ? Can you share how is your stake system work for reward?
VirgoX has a great crypto loans product. Please tell us about it! How does it work and how do you make sure user returns the borrowed amount and does this in time, I assume KYC helps here? Do you require collateral for borrowing crypto and if so, in what form. Thank you!
The VNet machine gun pool was online for 16 days. What was the benefits of this pool, and why was it launched?