We are pleased to announce our next AMA on November 9th 2021 at 03:00 PM UTC Time: Satoshi Club x Apifiny
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Apifiny Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Apifiny Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Apifiny
For more details:
Apifiny Website – apifiny.com
Apifiny Telegram – @ApifinyCommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I observed that HEX is designed to leverage the advantages of DEX security and transparency with CEX compliance protocols. My question is, what is the essence of this HEX? and how is it designed to leverage the advantage of DEX?
Apifiny – (Zero Taker Fees) I understand your Eco (HEX) is designed for savings along with zero Taker Fees. It caught my attention to note that also, there is the VIP Early Access Program, wherein Traders pay zero maker Fees, and Eligible Early Access participants can also qualify for Zero maker and taker fees for life. My question now is what exactly do you mean when you say Maker and taker/ fees? You did equally mentioned with some emphasis on “Eligible Early Access participants” can also qualify. What criteria accords eligiblity for Early Access participants for such qualifications?
Apifiny I think a unique name. Masks remind me of the current world conditions that are hit by covid-19, and my question Why choose Apifiny for the project name (is there a history behind it)? and what is Apifiny target in the near future, NFT or game project maybe?may i get your style for getting clients first? yes maybe from self-introduction.may i get your style for getting clients first? yes maybe from self-introduction.
Basically, Hybrid Exchange(HEX), which is one of the major products of Apifiny, is designed to combine the efficiency, price discovery, liquidity and compliance of centralized exchange (CEX) trading, with the predictable liquidity, decentralized wallet security, and transparency of decentralized exchange (DEX) trading.
-About the “compliance of centralized exchange trading”, does this mean that traders and liquidity providers will have to pass KYC?
-About the “wallet security of decentralized exchange”, how will HEX achieve this? Will HEX traders be able to use a decentralized wallet to trade?
-Some of Apifiny Solutions include; GBBO(Global Best Bid and Offer) and Apifiny Connect for individuals, GBBO API and Apifiny Connect API for institutions, ExOne Plus for exchanges. Can you list the properties of these solutions/features? What are their functions in the Apifiny ecosystem?
-One of the products of Apifiny is the BTCHV Token. Can you mention the functions and use cases of this token?
I found out that Apifiny is offering certain job opportunities. There are current job openings in Apifiny in various departments which include; “Finance”, “HR”, “Marketing” and “Product”. What are the specific positions in these departments that are currently vacant? Can you mention some perks/benefits that employees get to enjoy? How can interested applicants contact Apifiny to apply for the various available positions?
get Noticed when try to reach one of your product, APIFiNY CONNECT, we can choose to register as an individual Users and constitutional users here, may i know is there any different rewarding system, benefit, or features that serve for this 2 type of account? and why we need also provide our region?? do you have any restriction for some region in APIFINY? then are we need to pass KYC to join?
as APIFINY mentioned that Decentralized Exchanges’ fees are generally considered to be high, especially when gas fees are included. so what is inside you that makes we can use as a benefit about the gas fee problem? let say not only gas fee, but other fee likes transaction fee, tax fee etc, do you provide low cost too? and how you collect the revenue while you provide a low cost fee for all transaction?
i am agree with your statement about AMM, as APIFINY said that “AMM model has limitations. In particular, large trades can cause greater slippage.” but, as i read something about HEX, that you are using AMM too which is the model is similiar like AMM model by UniSwap, so what is inside HEX can prevent the same slippage problem exactly? and if we talk about one of benefit from AMM in general is permisionless and Automated, so how about the HEX, does HEX still provide this benefit?
I have read about your platform, and I noticed that you don’t only have internal customers, you also have external customers which you deliver your product to speedily. I also that you have (3) products available Apifiny HEX, Apifiny CONNECT, and BTCHV TOKEN. How can your internal customers gain from this products?, I noticed that in Apifiny HEX, there’s HEX VIP program, so How can Satoshi clubbers participate in this program? What are the requirements to qualify for the program? What are terms and conditions that participant need to apply during this program?
Hash Hive Standard Hashrate Token (BTCHV) Is one of your product, and I noticed that BTCHV is available only to U.S. Accredited Investors and Non-U.S. Retail and Accredited investors. How can I become an Accredited investor? What certain income or net Worth do I have to meet to become Accredited investor?
As of August 3rd 2021, Apifiny API (v2) was an evolutionary step up from the previous version (v1). With The same names of endpoints and fields, so any client stack which was working with v1 should also be able to work with v2. What happens to those who are still working with the previous version? Where can a client get the old version of v1 document? I also noticed that in Apifiny connect, there’s a FIX API, (Financial Information exchange) what is FIX API used for? Who can use a FIX API? And why implementing it with QUICK FIX? What is REST API?
Aside from the trading products and services that Apifiny’s HEX platform offers, it also promotes the “Hash Hive
Standard Hashrate Token” or BTCHV. Can you provide us with an in-depth details and explanation about this specific cryptocurrency? What makes it unique and different from other cryptocurrencies and tokens we usually see today? What could be the benefits and advantages of investing into this type of asset?
Aside from the standard “Zero Taker Fees” feature that HEX offers, it also incentivized participants during the VIP Early Access Program for them to pay no charges on maker fees. On top of this, these “Early Access” participants can also qualify for zero maker and taker fees for life. Is the application for becoming an “Early Access” participant still available? If yes, could you provide us with the details about this exclusive benefit?
The main concept of HEX is that it harness data from 25+ centralized exchanges across 6 continents provide its traders the most efficient experience in terms of liquidity, price and volume. Can you name some of the exchange included on your centralized exchanges list? How do you determine what centralized exchange will you integrate with your services?
One of the product you will offer is Apinify Connect. You said when users create an account with Apinify Connect, he will be able to transfer assets between sub-accounts across 25 exchanges which include top exchange like Binance, kucoin, coinbase, Huobi, okex etc. Can you explain what sub accounts are and how they are used to established link with the primary accounts created on Apinify Connect? How will you grant your platform clients the privilege to trade on these global top exchanges using the singular account created on your platform thereby reducing the need for multiple account opening? How does this work?
You will offer the possibility to have perpetual accumulation of Bitcoin daily income stream by owing Hash Hive Standard Hashrate Token (BTCHV) and you have already opened a waitlist channel where interested individuals will submit their emails in order to join. Can you explain more on this concept and the features of BTCHV? Where will users buy BTCHV and how will they stake it obtain standard Bitcoin Hash rate and generate their own mining power? Who is qualified for this service and how will users add these Bitcoin mining stake to their portfolio?
I read that your Hybrid Exchange (HEX) will match taker order with open market order based on Price-Time Priority. What is Price-Time priority and how does your matching engine determine the best price to fill orders using Price-Time priority approach? Since the zero taker and maker fee ended on 31/9/21, what are the fees or charges that traders are now paying in order to perform trading activities and how does it compare with other trading platform?
Apfinity as Trading platform, Does it also support API keys, What is the Maximum number of API keys that can be generated by each users? What are the use cases of API keys? Can I know what method of deposits and withdrawals are supported by your plattform, do you charges fees for deposit and withdrawals? Are the fees same for all methods? And lastly Most Trading platforms uses AI bots who make market analysis, open and close trades, do you posses this Bot features? Do you have any plan to Introduce and implement it in Near future? Thank you
You commented that there are benefits for VIP Early Access Participants, among those benefits a very important one stands out: they will not have to pay maker fees. In addition to this benefit, what other exclusive advantages will VIP participants have? Do I have to pay something to be in the group of VIP participants? Can we register from this moment or the registrations have not been opened yet? How much is the maximum number of VIP participants allowed?
Most trading platform require KYC verification before users can trade on it, what are requirements for a user to be verifed on your platform? What is the Minimum deposit and withdrawal amount? How many deposit and withdrawals method does your platform support…? Do u charge any Fees for deposit and withdrawals?.., What is the minimum Leverage and Lot size a user can use to trade on Apfinity trading platform? What is the minimum Spread a user can Trade with on your platform?
Hello Apifiny
I noticed you have gotten various Licences from within the States of the United States of America.Can you please tell us why all this licenses in just one country can’t one license be enough from just America?Or the licenses have different functions?Does this licenses extend to other countries to allow users to freely access your service?Which country are you targeting next to get there license and when do you plan to carry it out? Thanks
Hello Apifiny
I am particularly interested in one of your features the GBBO™,which is Apifiny’s proprietary infrastructure and smart order writing enable global price discovery and trading at scale to reduce trading costs for clients.Can you first tell us the meaning of GBBO,is it an abbreviated name of a word?So what inverted pricing model is being used for all trading pairs via GBBO™ platform?And can a client use this platform to reduce any trading cost?And why do you make charges only withdrawal fee and not on deposit fee?How can user make use of the GBBO platform and is it currently available? Thanks
Hello Apifiny
As for those who may not use your service, you said Apifiny Services are not intended for use by residents of, domiciles in, or entities with principal offices, operations, or other connections in the following U.S.states:Colorado, Connecticut, Hawaii, Kentucky, Maine, Michigan, New Mexico, New York, Ohio, Pennsylvania and many more.But I tend to wonder,how will you keep track of users who access your platform from different countries?What if a user from the said restricted countries/states uses VPN will it also be possible to track them?And you also said users under the age of 18 can not use your service,some people barely give their actual age in an app whatsoever and you said you will delete the persons account when noticed.So how will you get to find out if an underage person is using your services?What if this person choose to create another details what will you do in this instance?Please explain Thanks
Apifiny imagines a world where all cryptocurrency traders have the same opportunities to trade with the best offer and offer price similar to how NBBO (National Best Bid & Offer) provides traditional stocks. What is the key way Apifiny enables global price discovery and execution? What tools and products does Apifiny use to provide the same opportunities to negotiate with the best offer and price to users?
Apifiny is a global digital asset trading network. Apifiny HEX (Hybrid Exchange) is designed to provide institutional traders with the best of centralized and decentralized trading, including zero taker fees, global price discovery, and the deep liquidity of automated market making (AMM). What is the Apifiny Hybrid Exchange? How does the Apifiny hybrid exchange work? What advantages does it offer?
Apifiny enables traders to find the best asset prices on a market of 25 pre-approved digital asset exchanges. Apifiny translates into Apifiny’s mantra: “One world. A market. A book. “What are the exchanges currently included in the Apifiny platform? What is the impact of Apifiny on One world. One market. One book?
Apifiny the only global digital asset network that offers both instant transfers and direct access to institutional traders to the order books of 25 centralized exchanges at a lower cost than direct trading on those exchanges. What are Apifiny instant transfers? How does Apifiny instant transfers work? Benefits?
HEX is designed to take advantage of DEX security and transparency with CEX compliance protocols. Users will be able to trade from their decentralized wallets (eg Metamask) for additional security, knowing that all counterparties have passed Apifiny’s rigorous compliance protocols. What are the security protocols used by Apifiny? What security layers does Apifiny have? Is Apifiny a 100% secure platform?
I read that Apifiny is a next generation trading network that brings traditional trading technology to non-traditional markets. So, could you explain a little bit about what Apifiny brings to both traders and investors, tell us a little bit about the possibilities and tools you bring to both and how these will make them have a better experience in the world of cryptocurrencies?
Hybrid Exchange (HEX) offer to bring the best of both worlds, both centralized and decentralized crypto trading, so could you tell us what elements Hybrid Exchange (HEX) has acquired from both trades, tell us a little about this and what improvements you are including for your users?
I read that you have a VIP Early Access Program, where merchants do not pay manufacturer fees, so could you tell us a little more about this program, what are the requirements that a user must meet to be part of it and what other benefits does it offer?
Could you tell us about the design of HEX, tell us what elements you have created to take advantage of DEX and CEX trading, tell us how you are able to make DEX or CEX arbitrage cost much less, even zero, and how you are able to make your Swap allow you to obtain lower losses and maximum profits?
What is Apifiny’s vision for the future with respect to long-term centralized and decentralized financial activity? Do you consider that a time will come when the unification of finances will be necessary? global, what is your geographical scope for now and how far do you plan to go, when, where and how can we buy your tokens?
Tell us a little about ApifinyTM Connect, can Apifiny be accessed through an application for mobile devices, how safe and reliable is the instant transfer functionality, what is the level of confidentiality and privacy that users receive with respect to the information and data provided?
Do you consider that Apifiny has the blockchain structure to become considered a high-level advance in the financial space, which have been the obstacles they have had to face in order to develop the new kind of hybrid exchange and be able to execute their vision of creating a global market for digital assets, what significance or importance does the incorporation of institutional and retail traders have for you?
Apifiny has partnered with Etana Custody, and will be making use of their custody-providing services. You’ve also said that their unique quality is that they are a trusted company of the Colorado Division of Banking. What does this mean? And what is advantageous about this relationship, both to the project itself and to investors?
It is not a secret that it’s extremely difficult to make users switch from one product to another, more efficient is to try them use both at once. Therefore, a new crypto trading platform can only be concurrential thanks to lower cost of usage, interoperability and high presence of crypto projects. Could you reveal each of these factors in regards of Apinify’s vision? How flexible is your platform? Does it provide more chosises for trading? Do you plan to get partnered with any of your direct rivals, same platforms for trading?
Apifiny claims to have a rigorous compliance protocols to strengthen the security of the platform, however I would like you to clarify which are the security systems of the project, many systems currently use oracles and artificial intelligence systems to strengthen their systems, you can tell us that innovations has that of APifiny and what makes it superior?
I think the most interesting thing about Apofiny today is its Hybrid Exchange that makes it practically completely global in the DeFi world and in the real world, but how beneficial is this system for institutions and large traders? How much volume is this platform capable of handling and to which large and traditional exchanges can it be compared? Do you have a comparison chart where you illustrate the advantages and disadvantages of your HEX?
HEX organized a promotional campaign called ‘No Maker & Taker Fees For Life’ in August-September 2021. Could you share some stats of the program? Has it met your expectations in terms of quantity of participants and the volumes of liquidity traded? Can it be reorganized for a new wave of users right after this AMA? Please also reveal the regions for which Apifiny cannot accept clients as this was the very first requirement in passed campaign.
This platform has internal and external customers to whom it delivers its product quickly, there are three products available Apifiny HEX / Apifiny CONNECT / BTCHV TOKEN. How can internal customers benefit from these products as well as external customers? What are the requirements to qualify for the program? Could you indicate the terms and conditions that participants must apply during this program?
your main priority is to secure your funds. You have developed several levels of protection using the most reliable and effective security technologies. Could you mention which is the most reliable technology that allows users to trust their investment to this application? According to its easy protocol level and features, how easy is it to integrate new users? What percentage or margin of security in our data or information and investment, can this application provide us with?
I understand that Apifiny focuses only on providing the best comforts for the exchange market and in the cryptographic one, but will its platform be able to adapt to other different types of markets? Or will it be limited to those mentioned because they have more demand?
You mention that professional traders will enjoy with Apifiny the best prices, fewer slippages, fewer split orders and deep liquidity, but how will it really be achieved with all pairs, when on other platforms they have very little liquidity?
You point out that the GBBO TM trading platform identifies the best price available within the connected exchanges, but how many exchanges will actually be connected? Will these be the ones with the greatest liquidity and volume to guarantee that they will take the best price?
I noticed that their website does not show their road map, so could you tell us a little about the future updates that Apifiny plans to carry out? What other innovative products do you really plan to include in it?
I could read that they provide tools, and data analysis for traders and professional traders, but really why only focus on the “professionals”? Could it be that these signs will be difficult to understand and therefore will require a great deal of prior knowledge?
Could you really explain to us why in Apifiny instead of having liquidity mining or performance generators of their own native tokens, why will they provide rewards in Bitcoin when buying hashrate mining power?
I understand that they will have low rates and no slippage, but in terms of their interface and user experience, how attractive will it be? could it really be easily used by any user?
We all know that there are tokens in which their pairs have low liquidity and require a high slippage, but now with Apifiny can reduce these problems of high slippage and thus obtain higher profits? if so, what would be the steps to follow to get it? will it be to stake a minimum amount of tokens?
Apifiny incorporates a host of platform and infrastructural fee schedules ranging from; trading, withdrawal, GBBO, and Apifiny connect fees. Looking at these fees individually, can you give us an amount and overall breakdown of how they are applied, and in what instances are these fees triggered? May we also know how Apifiny utilities revenues accrued from these fees, and how does Apifiny reward & Incentive traders and users in a bid to cushion the effect of these fees on their respective platform activities?
Can you talk critically on a product of Apifiny known as the BTCHV token, commonly referred to as the world’s first perpetual, standardized, Bitcoin hashrate token. What is its overall feature and functions, and how is it directly connected with the Apifiny project? Also it is stated that users can stake and mine each block of BTCHV tokens to earn Bitcoins. Can you carefully elaborate on this, and since BTCHV is only available to US accredited investors, how do users from other jurisdictions enjoy the rewards with this product?
Apifiny provides completely global trading through a single interface, as well as the best possible pricing globally across connected exchanges. Can you tell us more about it? How does Apifiny actually work? What advantages might traders gain from having a centralized database?
ApifinyTM HEX VIP Early Access Program is one that piqued my interest. Could you please provide us with further details? What are the prerequisites for participating in the HEX VIP Early Access program? What benefits await those who participate in this program?
Just recently, Apifiny debuts Best-of-Breed Instant Transfers for Institutional Crypto Traders
in which traders can make instant transfers of funds between World’s Top exchanges. So,could you explain more about this Best-of-Breed Instant Transfers that your platform just recently launched? How does instant transfer works and being implemented in your platform? Could you mention some of the World’s Top exchanges that instant transfer is being applied and used? Since it is an instant transfer,does the transfer fee also will matter with this instant transfer transaction? Do you see some risk it bring with this instant transfer especially with the safety of funds transferring between exchanges? Thank you
As you were partnered with leading global custody provider,
the Elana Custody to further strengthen Apifiny’s institutional-grade security and compliance,so by now how tight is the security measure of Apifiny? Can we expect that your platform is already safe from hacking or fraud? Can you describe more about your partnership with Elana Custody?Why do you choose Elana Custody to strengthen Apifiny’s institutional-grade security and compliance? Does your partnership is considered long-term or you have an agreement and contract with duration of your partnership? Thank you
Your platform is a digital asset trading combining both advantages of centralized exchange (CEX) and decentralized exchange (DEX) as such it will be non crypto friendly making it difficult to protect users from any form of scam or spam 100%. It interest me when you said your project is secure,transparent and compliant. Talking of been secured, please talk on your scam monitoring system that you are working on? What type of detection system are you using, is it a bot? What are it’s features and differences from other anti scam system?
Transparency in project team is important to build trust and teamwork, so please tell us how are you ensuring transparency in your project what tools are used to bring transparency to Apifiny project?
About compliance, has your project pass through all legal requirements for project management? What measures do you take and how do you quarantee compliance of processes of Apifiny project?
Apifiny is hiring to fill some vacant positions such as Senior Accountant,HR Director,Chief Marketing Officer, Visual Designer,Visual Product Designer,Key Account Manager, Head of Product etc. Are these positions open to the public or just for Apifiny community? What criteria do you use for choosing Chief Marketing Officer? Can you tell us how and where can interested Applicants send their Application? Can one person apply for more than one vacancy? What requirements can I meet to be considered for one of the Vacant position available?
I notice your location are mainly situated in the UK, US, Singapore, Cyprus,Australia,Japan,Korea etc, there is non In African Country maybe in Nigeria or south Africa,is there any plan of adding more location to your locations and should we be expecting one in an African Country?
As a combination of both decentralized and centralized crypto trading, Does Apfinity support the creation of API keys for the purpose of integrating with other platforms, if yes, What is the Maximum number of API keys that can be generated by each user and what specific functions will API keys generated on your platform be used for? Apart from API keys, Most Trading platforms also use AI bots that could help users make market analysis, open and close trades, do you posses or plan on adding this feature to your platform?
Can we have a glance of how will the exchange look like? Also tell us your unique feature, thank you!
Binance is one of many new futures markets that are opening. In such a crowded market, how will you attract users? Thank you!
Can you name a few standout feautures of this project that set it apart from the competition? What is the most confident competitive advantage your project has?