We are pleased to announce our next AMA on May 7th 2021 at 01:00 PM UTC Time: Satoshi Club x CoinBurp
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join CoinBurp Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. CoinBurp Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about CoinBurp
For more details:
CoinBurp Website – coinburp.com
CoinBurp Telegram – @CoinBurp
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Will Coinburp be looking to support NFTs built on platforms other than Ethereum, such as Solana?
In the graph on the “Introducing $BURP” medium post, it shows that the supply of $burp distributed to stakers will increase over time, as well as mentioning that 20% of fees will go to $burp stakers. Are the staking rewards solely from the fees, or will there be additional apr as part of the token distribution?
What aspects of $burp do you see the burpDAO governing?
-first question,im interested in Coinburp’s partners,kind of,like sandbox. Its an NFT game,right?which is unique. What do you think about these kind of ‘game NFTs’? Knowing that there’s a lot of games&gaming platforms but just nowadays,many of them just become NFTs.
-second question,how is the concept of digital art galleries that you guys are aiming for?are you guys gonna make different apps for that digital art galleries&auctions?
Thank you.
Telegram: @RizkyMeireza
Hi CoinBurp!
I noticed that you advertise zero trading and deposit fees. How does the platform generate revenue if you do not charge the trading fees? Thank you!
Hi CoinBurp!
Main page offers basic swap services for crypto to crypto trades. Do you plan to add advanced features like charts, limit orders, leveraged trading? Thank you!
Hi CoinBurp!
You offer quite a limited selection of crypto assets on the main page. What criteria does the asset have to meet to be added to your exchange? I imagine people should be interested in many different DeFi assets that are getting more and more popular lately.
CoinBurp has a Non-Custodial NFT Wallet which will offer gateway to buy or earn NFT as well as providing security for purchased Ethereum-based tokens on this wallet. This wallet will also support full FIAT on and off-ramp crypto purchase. Will KYC profiling of users be needed in order to enable FIAT support and which currency are you currently able to support? Will the NFTs coverage of your wallets only be limited to Ethereum based NFTs as we have it now or do you plan to expand support for other chains? Lastly, How will user be able to use the staking feature of the wallet to generate APY using $BURP as well as become eligible NFTs raffle?
Financial loss as a result of hacks or vulnerability of some crypto wallets is one of the day-to-day risks faced by crypto users. You described CoinBurp Wallet as one of the first Defi-based crypto wallet and product backed with institutional-level insurance for users as the wallet will be protected by the company’s $100M insurance. Is this insurance provision available to all users who download your wallets or do you have users category that can benefit from insurance? Are there additional cost charged in order to be covered? What will be the process of verifying a claim and ascertaining a real security breach from a self-inflicted hack or loss?
As part of an expansive effort to ensure a collaborative development of CoinBurp NFT ecosystem, you announced your first set of partnership with The Sandbox, NFTs Boxes and Avasters. These platforms offer different set of functionalities and I wish to know how this collaborative integration is aimed at driving a useful benefit to the users within the ecosystem. Do you intend to introduce Sandbox virtual gaming NFTs into CoinBurp? What other unique partnership do you plan to secure and in what way do you expect to drive the growth of your protocol using collaborative effort?
In Q2 2021, coinburp plans to be supporting full FIAT on and off-ramp allowing users to buy NFTs directly from their bank accounts, what FIAT will you be supporting for the start, and which ones do you have plans of supporting and in what way will FIAT be integrated into Coinburp..
Coinburp is said to be launching the world’s-first NFT raffle system, allowing users to start collecting CoinBurp’s very own variable rarity, generative NFTs, including the possibility to win exclusive NFTs from your partners’ network… so how will this NFT raffle be done, how do users participate in the raffle and do you have specific dates or times when the raffle will take place..
Coinburp claims to currently be the number one most trusted cryptocurrency exchange platform in the UK according to Trustpilot… Trustpilot is believed by many to contain untrustworthy reviews as business can pay to remove negative reviews or pad their reviews with positive ones.. so apart from what trustpilot review says, what other features makes coinburp one of the most trusted crypto cryptocurrency exchange…
One of the great disadvantages of NFTs platforms is the slowdown of the interface offering a poor user experience to investors, how does Coinburp plan to facilitate the user days?
I saw in your Medium that BURP is trying to create a highly functional and very rewarding token, can you tell us the main use cases of this token and what innovative functions we can expect in the future?
If $ BURP holders will be able to stake their tokens in the CoinBurp Non-Custodial NFT Wallet, allowing users to generate APY for staking, as well as becoming eligible for the CoinBurp NFT raffles. What is the % of your APY, is it the enough high to motivate users keeping holding in a long term? How can i become eligible for the NFT raffles?
I saw in a medium’s article that you public sale will be in June 2021. What will be the mechanism to launch? Which platform? How user can participate? What is the date to the private sale? What is the minimum and the maximum amount users can get of $BURP? and a very important, WHO is supporting you on this?
You mentioned in an article, tiers of rewards by staking $BURP in Costodial and Non-Custodial NFT wallets, and that one become eligible to win rare NFTs from our selected partners. Differentiate between these tiers of rewards.. Also you mentioned newly issued NFTs will feature a unique staking multiplier, thus increasing the benefits for holders in the future.Tell us more about this unique staking multiplier feature. Is there any exciting thing about benefit of holders in the future we should be expecting?
according to Trustpilot, you are currently the number one most trusted cryptocurrency exchange platform in the UK, Congratulations! Who are your partners and investors? Do you have a viable marketing strategies to convince big firms like Gucci into partnership knowing Gucci recently confirmed its “only a matter of time” before they release an NFT.(NFT shoes, NFT-shirts, etc.)
Your platform will be supporting full FIAT allowing users to buy NFTs directly from their bank account while storing them with state-of-the-art security and insurance, also users become eligible for raffle…becoming one of the first DeFi-based products with institutional-level insurance for its users.. These are new in NFT space, Please explain the rafle and eligibility for the raffle, insurance for users, state-of-the-art security and the use FIAT for NFT.
In previous statements from your team, they mentioned that many things could change when they launch their DAO, your token can become much more that is it right now, what is that so important that it will be decisive with this new feature and when do you plan to release it?
Among your partners there are The Sandbox, Avastars and NFT Boxes, so I could assume that your main focus is towards NFTs, but what will make them so exclusive? Are you planning to become a competition for other NFT creators in the DeFi world?
I have seen CoinBurp posts on Twitter very excited about NFT auctions, DJs and NFT related concerts, does CoinBurp plan to hold artistic events related to the use of NFTs? What service does CoinBurp offer regarding the purchase and sale of NFTs?
A few days ago, the CoinBurp team held a virtual multi-meeting with different experts in the NFT area, and they all reached a common question that every user with little experience in NFTs asks, What problems must we overcome before achieving a adoption of NFT? What does the CEO think about this need?
There is a very striking area of CoinBurp that I did not find information but it has been constantly mentioned in some articles, what is CoinBurp Cookoff and what role does this play within the CoinBurp ecosystem? How does this generate income for the development of the platform?
Hello CoinBurp team, can the $ BURP token be bet as many times as the user wants? Can $ BURP token holders earn NFTs and sell them on a common market? Or is there already a market for NFTs on CoinBurp?
CoinBurp is established in the heart of the city of London as a company focused on user experience, why did you choose the city of London to establish your company and what market regulations is CoinBurp subject to according to territorial location?
CoinBurp points out that they became one of the first cryptocurrency companies to secure the bank of the United Kingdom, because being pioneers in this industry has benefited them territorially and what has CoinBurp done to facilitate this access gap regarding the use of the cryptocurrencies in the UK?
Many people struggle with DeFi and NFTs due to security challenges, bad user interfaces and confusing travel, how does CoinBurp simplify the user experience to an understandable and easily accessible platform for DeFi or NFTs? How is your interface designed?
What are your objectives or missions in this incredible project? make the bettor feel motivated and passionate winning NFTs, $ BURP, will evolve in what way? Do you have any projects under study to develop and integrate them?
The more bettors find their APY% will drop and the winnings will decrease? or will they do everything possible so that the profits continue to be satisfied for the user? and the price of the NFTs that they will distribute may vary, or will be one in specific
I find it very striking that CoinBurp has a section on its website where it offers users the option of adding or suggesting a new function to the project roadmap, when generally projects submit everything to a DAO governance system through voting and the use of native tokens, how is CoinBurp’s governance model designed and what strategy do you use when setting objectives in your roadmap?
There is knowledge that most traders or economists have about young people and cryptocurrencies, cryptocurrencies are for adults and trained people who know how to invest and use them in their favor, this makes it impossible to adopt cryptocurrencies in everyday life. CoinBurp captures this potential market that is deposited in young or inexperienced users? What education program does your team use for new users?
I am surprised that one of the characteristics of CoinBurp is that they are “self-financed”, when most platforms depend on associations and liquidity providers to function effectively, what are the resources that CoinBurp has to have this feature and When did they become a self-sustaining company?
Over the last couple of weeks, CoinBurp started a rather interesting and educative series called “CoinBurp Artist Interview Series” where talented NFT artists are periodically granted an exclusive interview by CoinBurp. Apart from been educative, these series also serves as a good exposure channel for artists. Nonetheless, how are these talented artist chosen for the interview series, will these series be limited to only NFT artist, and will there be an existing collaboration between CoinBurp and these graphic and digital artist in the future?
Some months back precisely March & April, CoinBurp achieved some landmark events geared towards the growth and expansion of it’s project, through the launch of the CoinBurp DeFi wallet app and the amazing partnership with Sandbox, NFT Boxes and Avastars. With these recent collaborations and launch, what should the community as well as NFT buffs expect from CoinBurp and how significant will these partnership be to growing the project, and can we expect more of these remarkable partnerships and collaborations in the nearest future?
Your registration seems extra tedious and kind of stressful based on the fact we need to drop some documents for you to verify, recently there was an attack on an exchange called hotbit just like your own. There was randomly over 90% or people privacy released to the attackers, can you assure us that performing this KYC on your platform is actively security good. Can your security be reliable to prevent any form of attack or what are the security measures you implement when an attack surfaces. Is there some security measures you can share with us also
As of yesterday, you have only five coins available for exchange in your platform. Why do you make the only top coin available for your users, according to your roadmap before you can add any coin to your platform, it takes a minimum of 6 months. I want to know the reason why it takes so long before you can only add a coin. What are the coin we should be expecting in months to come.
I figured out that your platform only accept British pound or Euro does it mean your platform is limited to that region alone or there are other means we can deposit with dollar that i do not know about. Can you give me some reason why you decide to accept only British pound and Euro.
The first thing that come to my notice on your platform is the change in price of the coins before I figured out your coins are available in pounds (£), is there a place where we can change the currency from pound to our native currency or it is not possible. Why do you decide to make your price first impression pound and not dollar that is popularly used about.
Looking at your roadmap, i can see that you have being in existence since the year 2018. For a company that have been in existence since 2018, your team and management should therefore consist of the most experienced set of people which should make your company securely trustworthy. As an exchange company that your are, what is the top milestone your company have achieved since the year 2018 and how have you tried to improve your security since the launch of your website in January 2019.
Your platform offers 0% commission on all cryptocurrency deposits, British Pound deposits of £100.00 or over, Euro deposits of €100.00 or over, and on all trades. I will like to know if there is 0% commission on withdrawal also or there are fees incurred when you want to withdraw, what is the percentage if there are any fees when withdrawing.
What are the developments you have made so far and what will you expect from Coinburp from now on. What is on the to-do list in 2021?
What kind of team is your team and are your team members experienced and how is your team developing the Coinburp project?
Do we need to enter our credentials to use CoinBurp? Can we make transactions without KYC? How is the security of our information ensured?
Having experimented with the mobile wallet application, I had questions: why Russian-speaking countries do not have the opportunity to make a deposit (only 30 national currencies are supported), although the application works fine and what does the Network fee depend on? If the Transaction fee was always the same – 5 USD, then the Network fee sometimes even reached 10 USD. Is it possible to minimize fee?
$BURP token holders will be generating an APY for staking their tokens and on top, users will have the chance to earn rewards while paying for any fees in the platform. So can you tell us how does those rewards from paying any fees in CoinbBurp be distributed to users? How will be the rewards be computed from transaction fee paid?Apparently,how much would be the estimated value of rewards and how much needed for transaction fee to have a chance to earn rewards from your platform? Thank you
According to your medium article that CoinBurp Wallet will be protected by the company’s $100M insurance, becoming one of the first DeFi-based products with institutional-level insurance for its users. Can you tell us what are the instances or cases will be covered with this insurance? Is this insurance will be applicable to all users of CoinbBurp? With this big amount allocated for company’s insurance, can you specifically tell us which insurance company you collaborated with to handle with insurance purposes of CoinbBurp? Lastly, can you explain more about the institutional-level insurance being offered to users? Thank you
You recently announced a meme contest. The prize pool is $ 3,000 in $ BURP tokens. Among the members of the Satoshi Club there are those who like to draw memes. Tell me, we still have time to take part in the competition, what requirements must be met and what is the deadline for submitting our works to the competition? How will the work of the participants be evaluated, who will act as judges and how many prizes will there be and what prizes? And of course, we need your wallet to receive the $ BURP as a reward?
I read on your tokenomics $BURP 500 million maximum supply to be reached by 2028. How will you reach this supply in what ratio? Do you have any roadmap for it and how will you maintain the token price and supply uniformity?
I read on medium article that $BURP holders will be able to stake their tokens in the CoinBurp Non-Custodial NFT Wallet and become eligible for the CoinBurp NFT raffles. Can you tell us more how can staker win those exclusive NFTs and also provide us a sneak peek of NFTs your partners Sandbox, Avastars and NFT Boxes offer?
Tell me please, how do you determine the exchange rate? Today – May 07, 10.35 UTC you give for 1 BTC = 15.7 ETH, while the average price of 1 BTC = 16.29 ETH, the difference of 0.59 ETH (2040 USD) is quite noticeable. Including commission, which is paid on the exchange 0.2%, it’s still not profitable.
Tell me what is the Advantage of your service, considering the fact, that registration on any exchange takes the same time and there are fiat gateways everywhere now?
We recently had an interview with NFT CoinBurp artist CryptoPom. How long has CryptoPom been in your team and what inspires it to create such masterpieces, by the way, can we watch the NFT Night Traders series? Are there any other NFT artists and creators on the CoinBurp team who have made a great contribution to the development of the project and the NFT industry?
Coinburp announced about contest for their user and the reward is $3000, thats big reward. Can you describe what kind of that contest? Do all people able to participate and what is the requirement to join in your contest? Do you also have airdrop event?
Few days ago I read that Coinburb doing an interview to an artist about NFT art. Can you share a little about what is the interview about? Will you have plan do partnership with an artist to create NFT art in the future?
CoinBurb is a NFT marketplace and have new NFT wallet also create token name with $BURP. what is the connection your token $BURP with your wallet and NFT marketplace, can we buy and sell NFT using your token? What is the function from $BURP?
I was personally involved in writing reviews for Trust Pilot, which I wrote exclusively by request. It’s no secret that such platforms are used to create good opinions for payment. But if we look at the facts, in one year you have only 285,600
unique visitors and 90% from the UK.
How can you explain this lack of popularity in other countries? I wouldn’t want to buy a token that would go down drastically due to lack of customer demand. Can you tell me how your platform will be popular?