<\/p>\n\n\n\n
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Cryptocurrencies.ai and our guests was @hishamkhan1 who is CEO and Founder at Cryptocurrencies.ai!. The AMA took place on 17 April.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Gold Rocket | Satoshi Club:<\/strong> Hello, dear community!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ngood day Satoshi Club! we are starting AMA session with\ncryptocurrencies.ai !<\/p>\n\n\n\n today our guest –\n@hishamkhan1 !<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Our guest today is @hishamkhan1 \u2013 CEO and Founder\nat Cryptocurrencies.ai!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nhello! how are you doing?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nHey everyone, really excited to be here!<\/p>\n\n\n\n Doing great!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club, @hishamkhan1!👋<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nwelcome to our club! 😊<\/p>\n\n\n\n Hisham Khan:<\/strong>\nThank you<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n [ 👍 Sticker ]<\/p>\n\n\n\n let’s begin our AMA! 🥳<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Introduce youreself. How did you get to be involved\nin crypto & cryptocurrencies.ai?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure, I have been a product builder for 10 years, working at various fortune\n500 companies as a Product manager where I was involved in building enterprise\nsoftware. This led me to Bloomberg eventually where I got into the financial\ntechnology industry. Discovered crypto in early 2017 and became a long term believer\ninstantly. I left Bloomberg and been working in this industry ever since.<\/p>\n\n\n\n When I joined the\ncrypto industry I realized immediately that the experience of trading was not\nat the standard it needed to be at. Being at Bloomberg I had seen what the best\nfintech product worked like and there was an opportunity to provide this to the\ncrypto trading community. I was fortunate to gather a really strong team around\nme and we set out to try different exchanges. They all offered similar types of\nfunctionality and this is when we decided to build a next generation exchange\nwhich gives powerful tools to the user.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Wow! Great background👍<\/p>\n\n\n\n What is the essence of\nyour project?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ncould you tell us a bit about your team? how many people working at product?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nCryptocurrencies.Ai is a next generation exchange offering CeFi and DeFi within\none platform, with a full suite of trading products so users don’t have to use\nmultiple exchanges and trade their capital efficiently.<\/p>\n\n\n\n A trader can trade 125x\nFutures on our Centralized exchange and then easily move funds to our Solana\nwallet where they can trade on our DEX which is built on Solana, the world’s\nfastest and cheapest blockchain. Traders can put their capital to work by\ntrading on our Centralized exchange or using our DeFi products which will\ninclude pools and yield farming in the near future.<\/p>\n\n\n\n We have a team of 10 and\nmost of us have been working together for the last 2-3 years.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> I think this should make life easier for traders. 😉<\/p>\n\n\n\n Hisham Khan:<\/strong>\nThat’s the plan 😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice! 😎 thank you for the intro! if you are ready we can open the first\npart of AMA? 🙃<\/p>\n\n\n\n our community has some\nvery intersting questions 😉<\/p>\n\n\n\n Hisham Khan:<\/strong>\nLet’s do it.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n🚀🚀🚀<\/p>\n\n\n\n Q1 from Telegram user @Arisabela<\/em><\/strong><\/p>\n\n\n\n Cryptocurrencies have come a long way in the last\ntwo years and now all protocols are adapting smart systems, with data and price\nfeeds in real time adaptable to every user, in which features does\nCryptocurrencies.Ai include artificial intelligence and how do you plan to\nincorporate it into everyday life of each trader?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nTo clarify the Ai in our name stands for “Actionable Insight” however\nwe had some ideas in the past that would incorporate AI models. We haven’t\nbegan work on them yet but it is in our plans. <\/p>\n\n\n\n We do offer Smart\ntrading which is the most advanced yet easy way to trade crypto on a exchange.\nIt offers the ability to automate and customize your trading which no other\nexchange offers.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nhaha thank you for this clarification 😄<\/p>\n\n\n\n can you compare your\nproduct with any other projects on the market which working in the same\ndirection as you do? do you see any competitors?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nMost of the CEXs are our competitors even DEXs since we are launching both. <\/p>\n\n\n\n Our CEX is unique and\nno exchange offers Smart trading. We believe that exchanges will continue to\ninnovate to remain competitive in the space and that is why we wanted to take\nthe lead with the tools that we offer. At the same time we partnered with Binance\nso we can offer the best liquidity on our CEX from the day of the launch.<\/p>\n\n\n\n CCAI’s DEX is one of\nthe fastest and cheapest in the world because it is built on Solana and that is\na huge advantage over other DEXs<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyeah, partnership with Binance this is awesome 👌<\/p>\n\n\n\n 👍 we will talk\nabout this today 😉 one of our next questions about this 😇<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> this is definitely win-win position!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n [ 👍 Sticker ]<\/p>\n\n\n\n thank you for the\nanswer! ready for the next question?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes please<\/p>\n\n\n\n Q2 from Telegram user @alptrader<\/em><\/strong><\/p>\n\n\n\n You have partnerships with Binance and Alameda\nResearch. We all know Binance is centralized exchange. Will they provide their\nliquidity for your CEX? And when I check for Alameda Research, they say they\nprovide liquidity in all major coins, derivatives, and altcoins. So will they\nlock any tokens for CCAI token? What is your arrangements with Binance and\nAlameda Research?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes, Binance will be our liquidity partner for our centralized exchange. This\ngives CCAI traders a huge benefit of getting the best liquidity and execution. <\/p>\n\n\n\n Alameda is a strategic\ninvestor of CCAI. They have a strong interest in the Solana eco-system and we\nwere one of the first teams who built a DEX on Solana in 2020 when no one\nreally knew much about Solana. Seeing our technology and ability to build\nproducts with superior design and user experience Alameda decided to become our\npartner. They trade many coins in the market and am sure will do the same for\nCCAI token when it launches.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Sounds great 👍<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nwow, so you built DEX before Serum? Serum is also the famous DEX on Solana if\nim not mistaken?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes correct, Serum is an order matching engine built on Solana and we\nincorporate that into our DEX.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice!<\/p>\n\n\n\n since you working with\nCEXes, do users of your platform need to pass KYC?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes we will have KYC in place<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ngotcha!<\/p>\n\n\n\n thank you for answers!\nready for the next question?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure<\/p>\n\n\n\n Q3 from Telegram user\n@cryptofollower<\/em><\/strong><\/p>\n\n\n\n Recently Tether was announced they will also use\nSolana blockchain for their stable coin. I see that you implemented Solana and\ncreated your dex based on it and also have solana dex wallet. So are all the\nparities at CCAI dex on the Solana network? Why did you choose Solana for CCAI?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nWe got into this industry for the promise of decentralization. While working on\nour CEX we witnessed DeFi summer and decided to identify opportunities where\nour team could contribute and add the most value to the trading community.\nWhile researching we learned about Solana and Project Serum. We decided to try\nbuilding a DEX as a side project. Once we built our first version of the DEX\nand I made a trade on it, it was truly mind blowing. It has speed of 400 ms and\nSolana can process 50,00 tps. This was simply the fastest and cheapest\nblockchains. <\/p>\n\n\n\n We see the issues of\nscaling on other blockchains and wanted to bet that Solana was the best chain\nto build DeFi on and even if it doesn’t replace Ethereum but even captures a\nfraction of the market share it would still be huge. However we do believe now\nthat Solana will be quite successful more than we thought initially. <\/p>\n\n\n\n In terms of tokens,\nUSDT is native on Solana and there is a bridge now between Ethereum and Solana\nto wrap tokens and move them across blockchains.<\/p>\n\n\n\n I encourage everyone to\njust try creating a CCAI Wallet and trade on our DEX to experience this for\nyourself at https:\/\/dex.cryptocurrencies.ai.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you very much for answer! Can you tell what\nopportunities are currently available on this DEX?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nOur DEX offers all the major pairs which users can trade and there is liquidity\nprovided by Alameda and Jumpstreet. Our goal is to make the CCAI DEX as easy to\nuse as a CEX.<\/p>\n\n\n\n There are other\nfeatures we are working on which will come out soon such as Pools<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> these are promising features!<\/p>\n\n\n\n I know that you have\nCCAI CEX Launch soon.. Would you like to tell us something more about this?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyes, share with us info about your upcoming IDO😃<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes we are getting our CEX ready for launch in Q2 this year. It is really\nexciting because we have gotten some amazing feedback by traders in our closed\nbeta and we want to release it to the public so they can benefit from our Smart\ntrading tools among other unique features.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n[ 👍 Sticker ]<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for sharing with us! ready for the next\nquestion? 😊<\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure<\/p>\n\n\n\n Q4 from Telegram user @sofiaisla<\/em><\/strong><\/p>\n\n\n\n Many exchanges have been hacked, and many of the\nusers have been scammed. Today there are many scams and theft in the world of\ncryptocurrencies. Could you tell us what security solutions CCAI has to keep\nthe privacy and assets of its users protected? also does CCAI have KYC to\nprevent money laundering? How does CCAI guarantee us security?<\/strong><\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\noh damn, i already asked about KYC 😄<\/p>\n\n\n\n Hisham Khan:<\/strong>\nGood question. We are building all of our technology with security in mind. For\nus as a business this is a single point of failure and so naturally we take it\nseriously. <\/p>\n\n\n\n We have external\ncustody provider, in this case Binance. <\/p>\n\n\n\n Yes we will certainly\nhave KYC and ensure there is no money laundering or illicit funds being traded\non our exchange.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyou know, it’s our tradition to asking guests about audits in al\u044cost every\nsingle AMA in this club, 😁so i must ask you. did your project past any\nsecurity audits?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Must have😁<\/p>\n\n\n\n Hisham Khan:<\/strong>\nWe are actually going through one now before we launch CCAI. Also for our DeFi\nproducts coming up they will certainly get audited as well.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nvery nice! 💪<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Great answers👍<\/p>\n\n\n\n Hisham Khan:<\/strong>\nThank you!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you for your position on safety.<\/p>\n\n\n\n Ready for the next\nquestion?😉<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes!<\/p>\n\n\n\n Q5\nfrom Telegram user @NataliyaKil <\/em><\/strong><\/p>\n\n\n\n Please tell us about the FuturesWars competition and\nthe referral program. Who can participate and under what conditions? Are\nFuturesWars a team competition or are traders head-to-head competition? Are\nthese programs of a permanent nature or are there certain deadlines for their\nimplementation?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure \ud83d\ude42<\/p>\n\n\n\n Futureswars was a fun\nidea we had where traders can compete against one another, deposit some funds\nand win the funds as a prize at the end. Once we launch our CEX we will be\nlaunching Futureswars for sure. It is a good way to test your trading skills\nagainst others. <\/p>\n\n\n\n We are reworking our\nreferral program and will have something ready at the time of CEX launch. It is\nnot finalized yet.<\/p>\n\n\n\n We played a lot of\nFutureswars internally with the team.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> to be honest, this is a very original idea 😁<\/p>\n\n\n\n Hisham Khan:<\/strong>\nYeah we have some degen team members who came up with it<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks a lot for the answers \ud83d\ude42<\/p>\n\n\n\n Ready for last question\nof this part?<\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure<\/p>\n\n\n\n Q6 from Telegram user @neverencryp<\/em><\/strong><\/p>\n\n\n\n You implemented hedge option for traders which give\nthem the opportunity to open both long and short at the same time, how do you\nplan to control risk on your side that it doesn\u2019t affect the market rate or\nyour market cap for each trade.<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nThat hedge option was kind of unique when it first came out and Binance\nintroduced it, since then it has become more common. It just allows a trader to\ngo long and short and this allows them to manage their risk depending on\nposition size and leverage they have taken. It depends purely on how each\ntrader will use it.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ninteresting…i wouldn’t call myself an experienced trader, but i bet experienced\ntraders will like it 😊<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you very much for your answers, and now we\nwant to invite you to the most exciting part of our AMA – live questions 🚀🚀🚀<\/p>\n\n\n\n Hisham Khan:<\/strong>\nLooking forward to it!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Get ready for a real storm😁<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n@hishamkhan1 thank you for the all info and answers in part 1! we will open\nchat for 2 minutes, after chat will be closed – you can start select questions\nfrom Satoshi \u0421lub members!<\/p>\n\n\n\n Hisham Khan:<\/strong>\nSure<\/p>\n\n\n\n Q1 from telegram username @azrayeni<\/em><\/strong><\/p>\n\n\n\n There will be 125x futures trading on your\ncentralized exchange but what about on your DEX? Are there any futures trading?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nThis is something we plan to work on in the future.<\/p>\n\n\n\n Q2 from telegram username @Boylut<\/em><\/strong><\/p>\n\n\n\n Is cryptocurrencies.AI platform meant for\nprofessionals or Amateurs or both?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nCorrect, we offer advanced trading but it is built to be easy so a trader of\nany level can use it and take advantage of it. There will be recorded tutorials\nand demo’s to highlight all the features and settings.<\/p>\n\n\n\n Q3 from telegram username @atillayeni<\/em><\/strong><\/p>\n\n\n\n You had a great job at Bloomberg. Why did you quit\nthe job at Bloomberg and start your defi journey?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nInteresting question, never got this asked before \ud83d\ude42 <\/p>\n\n\n\n In 2016 and early 2017\nI had an idea of what blockchain was from reading a few articles but one day I\ndecided to go home and spend some time to research it. After a few hours of\nresearch I was a believer immediately. I remember I went out for a walk that night\nand my mind was just racing with so many ideas and ways this technology can\nbenefit the world. <\/p>\n\n\n\n After that I continued\nresearch and trading crypto, and seeing the amount of energy there was in the\nspace I just had to be a part of it. So after completing an important project I\nwas working on at Bloomberg I decided to quit and join crypto full time in\n2018. Working at Bloomberg was great but I would not change what I am doing now\nwith any job or other industry.<\/p>\n\n\n\n Q4 from telegram username @Crypt0_l0ver<\/em><\/strong><\/p>\n\n\n\n Do you have any news yet regarding the CCAI IDO as\nthere is no specific news on this topic on your website<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nYes there will be an IDO and more news will come out in a matter of few days\nnow so just follow our social media channels to keep up to date <\/p>\n\n\n\n Telegram:\nhttps:\/\/t.me\/CCAI_Official<\/p>\n\n\n\n Twitter:\nhttps:\/\/twitter.com\/CCAI_Official<\/p>\n\n\n\n My personal twitter:\nhttps:\/\/twitter.com\/Hisham_CCAI<\/p>\n\n\n\n Youtube:\nhttps:\/\/www.youtube.com\/channel\/UCyUM72zWism4-LdA2J4bwew<\/p>\n\n\n\n Q5 from telegram username @cryptofollower<\/em><\/strong><\/p>\n\n\n\n CCAI includes the most powerful trading tools I’ve\never seen. It allow us to set three different set of combinations; entry point,\nstop loss and take a profit and each one has its own settings even it allows us\nto set for timeout for instant price drop ups. But these price drops sometimes\ncaused by low liquidity and low volume. How can you solve the liquidity\nproblem? Also will it be possible to mix dex and cex volumes together for\nhigher liquidity when cex is live?<\/strong><\/p>\n\n\n\n Hisham Khan: <\/strong>This is something new exchanges suffer from due to\nlack of liquidity. For this reason we have partnered with Binance to be our\nliquidity provider so traders on CCAI will be able to tap into the most liquid\nexchange in the world.<\/p>\n\n\n\n Q6 from telegram username @JoxesXIII<\/em><\/strong><\/p>\n\n\n\n can you specify your DEX model? is it made up of an\norder book or an AMM?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nOur DEX is an order book DEX<\/p>\n\n\n\n Q7 from telegram username @Karoceh<\/em><\/strong><\/p>\n\n\n\n Solana is not as popular as Ethereum or BSC yet, how\nwill CCAI DEX spread awareness about this project to gain more users? do you\nhave any strategies to attract more traders?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nIt is true, Solana is not as popular yet but it has been getting lots of\nattention recently and many amazing projects are launching to grow the\neco-system. With projects like CCAI and some others which are launching we will\nensure Solana has a strong vibrant community. There is no reason it shouldn’t\nsince Solana offers the fastest and one of the cheapest blockchain in the\nworld.<\/p>\n\n\n\n Q8 from telegram username @highpee<\/em><\/strong><\/p>\n\n\n\n You described your project as a next generation\nexchange offering CeFi and DeFi within one platform. What are some of the Defi attributes of your\nproject because most of the functions I have read about are mostly CeFi in\nnature. How is the CeFi and Defi functions blended together in the same\nplatform?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nWe have already launched our DeFi products with our Wallet and DEX which are\nlive already and many new features to get launched like Pools in the near\nfuture. <\/p>\n\n\n\n Our goal is to offer\ntraders CeFi and DeFi in one eco-system and platform so anyone can trade on our\nCEX futures and then easily move funds to the CCAI Wallet and trade on the DEX\nor become and LP to a pool and yield farm, all without leaving CCAI which no\nother exchanges offer.<\/p>\n\n\n\n Q9 from telegram username @csgonub<\/em><\/strong><\/p>\n\n\n\n Your projects is based on Sol coin. Do you have\nplans to adopt to Ethereum or BSC?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nGood question, we do have plans to build on other blockchains eventually and\ntruly become interoperable but it will take some time to get there.<\/p>\n\n\n\n Q10 from telegram username @Giniwhite<\/em><\/strong><\/p>\n\n\n\n 🍎I think the Smart Trading on the CEX is a\nvery Nice feature on your platform. But Since the yield farming and NFT are the\nmain topic in DeFi. Is there a plan to implement these trends into\ncryptocurrencies ai platform?<\/strong><\/p>\n\n\n\n Hisham Khan:<\/strong>\nYield farming yes, we don’t have any active plans for NFTs yet as we have so\nmuch to build but that can change in the future.<\/p>\n\n\n\n As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form was sent into the chat.<\/p>\n\n\n\n For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English Telegram group: https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n Russian Telegram group: https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n Telegram Channel: https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n Twitter: https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n