Forbitspace x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & Forbitspace 🐋
⏰ AMA Timing : 2nd April 2022 l 08:00 AM UTC l 15:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
➡️ The reward pool for the best 5 questions from Telegram is $50($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
Bà Tân | : Welcome @LindaSpace from Forbitspace ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Forbitspace.
Bà Tân | : Today our guest is: @LindaSpace from Forbitspace.
Ahrix : Welcome @LindaSpace to the IM community.
Bà Tân | : Hi @spacenina ���
Nina : hello everyone
Nina : glad to be here today
Bà Tân | : Can you introduce yourself to our Im Community?
Nina : I’m Nina, CMO of forbitspace. forbitspace is a DEX Super Aggregator. I hope that through today’s AMA, you will get to know more about our platform and start experiencing our DEX Aggregator!
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1509561354184642563) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Question1. Can you briefly describe what is Forbitspace? We would like to know more about it and how it works. @spacenina
Nina : To answer this question, please allow me to introduce you to Mr. Baroda, the CEO, and Founder of forbitspace. He’s been participating in the digital asset ecosystem since 2016, working with and advising a variety of blockchain businesses.
Mr. Menard is a forbitspace co-founder. He works as a currency trader, a fund manager, an analyst, and a financial strategist. He has over 9 years of experience in foreign exchange, as well as over 6 years of trading in the cryptocurrency market and arbitrage. He also serves as the Trading Team and forbitspace’s fund manager (Spacefintech Venture).
forbitspace — DEX Super Aggregator is an interoperability protocol that unifies decentralized applications across distinct blockchains while also combining liquidity across chains and allowing for easy transactions in, out, and across disparate networks.
forbitspace is a multichain aggregation protocol that is now available on four mainnets: Ethereum, BNB Chain, Polygon, and Avalanche, with Arbitrum and Optimism networks coming soon.
forbitspace — DEX Super Aggregator employs Spaceflight smart order routing algorithm to source liquidity from many DEXs in under 0.3 seconds, allowing users to achieve higher token exchange rates than they could on any one DEX.
With a single interface, forbitspace allows crypto traders to access deep liquidity and superior pricing. It means that anyone with a smartphone and an internet connection can use forbitspace — DEX Super Aggregator. Transactions are near-instantaneous and inexpensive, making them suitable for anyone interested in experimenting with DApps on many blockchains.
done
Bà Tân | : Question2. Isn’t it true that many projects often come up with ideas first and raise capital by finding sponsors or selling tokens, then building the platform. And forbitspace has already built a platform with a beautiful and amazing interface?
Nina : This is completely accurate. Many new projects in the current crypto market halt at the idea stage, but are well-received and require a substantial sum of funds, after which they begin laying the groundwork.
However, forbitspace wants to create a platform, a complete and ideal ecosystem that will provide users with the finest experience possible as soon as it is introduced. Without further ado, take advantage of the services we provide.
done
Bà Tân | : Question3. What role does the $FBS token play in your ecosystem? What are the benefits of long-term holding?
Nina : FBS is the native utility token of forbitspace with a total supply of 9,999,999,999 with the 5-year schedule and more.
Here is the ecosystem of forbitspace — DEX Super Aggregator
forbitswap is a capital-efficient AMM that combines the liquidity on Ethereum blockchain and BNB Chain with the scalability of a Layer 2 platform deployed on the Polygon Network, Avalanche, Arbitrum, and will soon be functional on other blockchains including Solana, and more.
Native FBS tokens have been issued by the protocol. It functions as a governance asset as well as a reward asset for different aspects of forbitspace’s liquidity providers. Its architecture also includes Space DAO, a decentralized autonomous organization that gives FBS holders a say in all important referendums on forbitspace and its elements, rewards strategy, product development, and so on.
The FBS token serves as a governance token as well as a utility token for liquidity providers of various parts of the forbitspace ecosystem, including AMM forbitswap with support on four mainnets, fee and bidding NFT artworks on the NFTSpace marketplace, and auctioning on IDO flybylaunchpad.
The key use cases for the FBS token are as follows:
Utility: The token can be used on the forbitspace Liquidity Protocol as a connector to help achieve efficient token swap routing.
Governance: The token is needed for all governance voted on the forbitspace ecosystem.
Multi-chain: The token is available on the Ethereum, BNB Chain, Polygon, Avalanche, and Solana networks through a Bridge Space.
These FBS tokens are used on Space DAO (decentralized autonomous organization) to vote on the platform’s future developments.
The key use cases for the FBS token are as follows:
Utility: The token can be used on the forbitspace Liquidity Protocol as a connector to help achieve efficient token swap routing.
Governance: The token is needed for all governance voted on the forbitspace ecosystem.
Multi-chain: The token is available on the Ethereum, BNB Chain, Polygon, Avalanche, and Solana networks through a Bridge Space.
These FBS tokens are used on Space DAO (decentralized autonomous organization) to vote on the platform’s future developments.
done
Bà Tân | : Question4. What is the Forbitspace team’s $FBS token sale open plan? How to buy it?
Nina : We are excited to announce that the forbitspace $FBS utility and governance token protocol will be made available through an IDO Crowdfunding and Batch Auction that will be conducted on the flybylaunchpad multi-chain launchpad platform.
With batch auctions, the auctioneer sets the total amount of tokens sold at the auction and the minimum bidding price for each token (1FBS = 0.099 USDT ).
Details of the token distribution event on flybylaunchpad IDO
Key Metrics — Ticker: FBS
Blockchain Network: ERC20, BNB Chain, Solana, Polygon, Avalanche.
Token Supply: 9,999,999,999 FBS
Start: 07:00 PM UTC+7 on March 30, 2022
End: 07:00 PM UTC+7 on April 6, 2022
Total Token Sale: 300,000,000 FBS, 3% of the total supply
Price:1 FBS = 0,099 USDT
Platform: flybylaunchpad (https://app.flybylaunchpad.com/#/live)
Type: Crowdsale
Auction Type: Batch Auction
Raised Currency: ETH, BNB, USDT, USDC, MATIC, AVAX
BNB Chain: 160.000.000 FBS tokens — Participating in an Auction by BNB, USDT, and BUSD
BNB Chain 1FBS = 0.000225 BNB distribution into 5 Mega
Mega Mercury: 20.000.000 FBS in an Auction
Mega Venus: 30.000.000 FBS in an Auction
Mega Mars: 30.000.000 FBS in an Auction
Mega Jupiter: 30.000.000 FBS in an Auction
Mega Moon: 50.000.000 FBS in an Auction
Ethereum: 110.000.000 FBS tokens — Participating in an Auction by ETH, USDC, and USDT
Ethereum 1FBS = 0.00003 ETH distribution into 4 Mega
Mega Mercury: 20.000.000 FBS in an Auction
Mega Venus: 30.000.000 FBS in an Auction
Mega Mars: 30.000.000 FBS in an Auction
Mega Moon: 30.000.000 FBS in an Auction
Polygon : 20.000.000 FBS tokens — Participating in an Auction by MATIC
Polygon ( MATIC) 1FBS = 0,055 MATIC distribution into 1 Mega
Mega Venus 20.000.000 FBS in an Auction
Avalanche: 10.000.000 FBS tokens — Participating in an Auction by AVAX
Avalanche ( AVAX) 1FBS = 0,0011 AVAX. distribution into 1 Mega
Mega Moon: 10.000.000 FBS in an Auction
The batch auction will be held for 8 days starting from March 30, 2022 approximately 07:00 PM UTC+7, and run until April 6, 2022, at 07:00 PM UTC+7
done
Bà Tân | : Question5. What is the development plan of the Forbitspace project at present and in the future?
Nina : Currently we are doing IDO on flybylaunchpad platform in the form of Batch Auction. IDO starts at 7PM UTC +7 on March 30 and runs until 7PM UCT+7 on April 6. You can join now to buy FBS via this link: https://app.flybylaunchpad.com/
Shortly, forbitspace will be launching the Limit Order Protocol, which is already in beta and is being carefully tested before rolling it out to users. A limit order places a specific price that a trader wants to buy or sell and is only executed if the market hits that price. A limit order would allow DeFi traders to get their swaps at desired prices by leaving instructions to fill buying or selling orders at specific prices (or better prices).
Notably, forbitspace now supports four mainnets, including Ethereum, BNB Chain, Polygon, and Avalanche and we are making an effort to support more mainnets in the near future like Arbitrum, Optimism, Solana, Fantom, etc.
Furthermore, forbitspace will release Bridge Space, a Cross-chain Bridge, which allows users to swap tokens on different blockchains easily and conveniently. It also enables users to access the benefits of different blockchain technologies without choosing between platforms.
We are currently busy with the development of other platforms including our NFTSpace Marketplace and forbitswap, an open-source DEX that works under the AMM protocol, also supports 4 mainnets like forbitspace — The DEX Super Aggregator and still expanding to other networks soon.
We aim to upgrade the forbitspace version to optimize and improve the user experience and also plan to create a crypto wallet under the forbitspace brand that will connect with decentralized exchanges.
You can see the details of our plan in the roadmap
done
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2.
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1509561354184642563) (will choose 5 question)
Bà Tân | : Question1. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships? @PanyAhmad
Nina : You’re correct; collaboration is critical to any project’s success. forbitspace recognizes this and is always seeking to extend our partner ecosystem in technology, auditing, and marketing. The following photographs show the details:
done
Bà Tân | : Question2. ForbitSpace uses the SpaceFlight algorithm to support its liquidity aggregation model. My question is, what are the benefits this technology provides to your model and what improvements does it present compared to other liquidity aggregation models? @randaayclon
Nina : forbitspace uses a Spaceflight algorithm smart order routing that splits a single transaction into multiple orders across various DEXs, also route orders through allows crypto traders to tap deep liquidity and receive better pricing, low cost & efficiency in the most liquidity.
forbitspace’s new aggregation tool to address the disjointed liquidity that’s inherent in decentralized exchanges.
The forbitspace displays the potential for simple, user-friendly platforms that rely on liquidity protocols rather than order books.
As the DEX market matures, the proliferation of new protocols of our and supporting mechanisms will likely accelerate decentralized exchange evolution.
Swaps are split across 23 supported liquidity protocols, using different ‘market depths’ within a single interface.
The way Spaceflight algorithm smart order routing was designed to make support for multiple blockchains including Ethereum, BNB Chain, Polygon, and Avalanche bring space across the broader DEX ecosystem by increasing liquidity across the broader market multiple blockchains.
Because it is the part of the platform that users interact with directly, the forbitspace DEX Super Aggregator improved user experience is extremely important. forbitspace ensures that all interface elements are correctly positioned and that they perform their functions, allowing users to interact with the platform more successfully, and the feeling is now more intuitive and straightforward.
done
Bà Tân | : Question3. Nowadays, NFT is becoming more popular, many projects come out related to NFT. So how do you rate the potential that #Forbitspace ‘s NFT can bring? Do you have any plans to make NFT become a new market trend? @cook_thebook
Nina : NFT has risen in popularity in recent years, thus forbitspace added NFTSpace Marketplace into our ecosystem, and we’re now working on a mainnet that will launch soon. This link will take you to it: https://nftspacex.io/.
The Mandala Universe artwork made by World Record holder Hoang Tuan Long will be auctioned off on April 25th at our NFTSpace Marketplace. Please look forward to the launch of this platform!
done
Bà Tân | : Question4. What is your strategy for attracting new users and investors to your project and keeping them long term, because marketing is a key component of any project, and ensuring that everyone understands the potential that a project has is critical to achieving the objectives set? @AnnaMel44
Nina : About marketing strategy:
To attract the community to forbitspace, we currently open 2 activities for users to earn free FBS on our platform:
Referral Program: This is the hottest program of forbitspace where an address will receive 99 FBS when successfully referring a new user to make a transaction on forbitspace. More specifically, one address can share the referral code to 99 other addresses, and each account will receive up to 9801 FBS in total value.
Next is Trading Reward: You can get a trading reward when you trade on forbitspace.
Besides that, we’re conducting AMAs with various groups and engaging with a number of KOLs to promote the forbitspace protocol in terms of marketing strategies.
To introduce the forbitspace protocol to a wider audience, forbitspace has partnered with ten notable worldwide crypto-newspapers. We are introducing our projects on popular websites where traders usually come to update crypto news. In order to enhance brand recognition, we will also attend significant events in Singapore, Dubai, and other locations.
Our project is promoted globally in many countries and areas over the world. forbitspace website also supports 24 languages, therefore language is not the boundary between us and users.
Our forbitspace platform currently have three official telegram groups, including one English community https://t.me/forbitspace , one Vietnamese community https://t.me/forbitspace_VN, and another community for Indonesian https://t.me/forbitspace_DEX_ID.
Besides, on the discord platform: https://discord.gg/CnJqNa2wfG, we also create 16 channels corresponding to 16 countries to serve users. We are still expanding the community of other languages with the goal of making it more accessible to users all around the world.
done
Bà Tân | : Question5.Forbitspace has three goals towards users that you want to achieve which are the low fees, fast performance, deep liquidity. So how will you able to fulfill this goals in a midst of having more competitors in the market? How will you implement low fees? @Josephinex96
Nina : forbitspace API is a superset cutting-edge discovery of all other DEX protocols at the best rates on the biggest Ethereum, BNB Chain, Polygon (Matic), and Avalanche.
The API also uses smart order routing to automatically find the best available prices.
forbitspace uses a more powerful algorithm that considers a larger data set for larger trades and better prices, split routes which execute trades across multiple pools at once, ability to optimize slippage, swap fees, and token prices which, when done right, offer a better rate for users.
A swap deal split between several different DEXs will get a user an overall better price than a swap on any single exchange.
forbitspace DEX super aggregator’s main task is to offer a user better swap rates than any specific DEX can offer and to do that in the shortest possible time. Other major tasks are protecting users from price impact and reducing the probability of failed transactions.
done
Bà Tân | : Congratulations to the winners of session 2.
@PanyAhmad
@randaayclon
@cook_thebook
@AnnaMel44
@Josephinex96
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @spacenina ���
Bà Tân | : Thanks @LindaSpace for the translation ❤️
Nina : thank you for all of you insightful questions
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : Don’t forget to join the group https://t.me/forbitspace
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @spacenina some time to go through them.
Q1. Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Nina :
FBS Token is forbitspace’s utility native token in our ecosystem
Ticker: FBS
Blockchain Network: ERC20, BNB Chain, Solana, Polygon, Avalanche.
Token Supply: 9,999,999,999 FBS
FBS is used in the following functions:
Protocol Governance, Liquidity Mining Incentives, Protocol Incentivization, Staking, Collateral Backing for Derivatives, Platform Service Fees, Utility holders
Q2. Do you have an AUDIT certificate or are you working to AUDIT your project, so that its security becomes more secure and reliable?
Nina : Trading on forbitspace is totally safe.
To assure users of the project’s usability and security, forbitspace brought in CertiK, a cybersecurity firm founded by Yale professors, to audit its code and activate CertiK Skynet, which is an on-chain security and data insights platform that provides 24/7 monitoring of smart contracts. Besides, Hacken, one of the leading crypto audit companies, also participates in the audit of the forbitspace protocol.
You can learn more about the details here:
CertiK Blockchain Security Leaderboard:
https://www.certik.com/projects/forbitspace
CertiK Skynet 24/7:
https://www.certik.com/projects/forbitspace#skynet
Hacken CyberSecurity Services:
https://hacken.io/wp-content/uploads/2022/01/Forbitspace_04012022SCAudit_Report.pdf
Q3. Where I can get the latest updates or more information about the project?
Nina : You can stay updated and get more information through the following social media
Telegram: https://t.me/forbitspace
Twitter: https://twitter.com/forbitspace
Discord: https://discord.gg/CnJqNa2wfG
Reddit: https://www.reddit.com/r/forbitspace/
Medium: https://medium.com/@forbitspace
LinkedIn: https://www.linkedin.com/company/forbitspace
Facebook: https://www.facebook.com/forbitspace
YouTube: https://www.youtube.com/c/forbitspace
Q4. Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
Nina : Currently we are doing IDO on flybylaunchpad platform in the form of Batch Auction. IDO starts at 7PM UTC +7 on March 30 and runs until 7PM UCT+7 on April 6. You can join now to buy FBS via this link: https://app.flybylaunchpad.com/
FBS is the Utility Governance and Multi-chain Token of forbitspace with a total supply of 9,999,999,999 FBS. FBS token is now available on the five leading blockchains including ERC20, BEP20, SPL, Polygon, and Avalanche.
This is our contract address on ERC20: https://etherscan.io/token/0xa953736904e23fafb42e353d4122420899999999
Q5. Can You list 1–3 Killer Features Of This Project That Makes it Ahead Of its Competitors? What Is The Competitive Advantage YOUR Project Has That You Feel Most Confident About???
Nina : When DEXs offer greater security and autonomy, a lack of liquidity can result in what is known as slippage, inefficiency in the pricing of assets that results in a difference between the expected price of a trade and the actual price of the trade when executed. forbitspace DEX super aggregators aim to deepen liquidity pools by scanning a range of DEXs to find the lowest market price to facilitate a trade by breaking down the functional differences between centralized and decentralized exchanges further. forbitspace DEX Super Aggregator’s advantages include high speed, low cost, censorship-resistant, and switch to other chains in one click providing more possibilities for trading operations. Users don’t need to worry when using forbitspace because our protocol is thoroughly audited by two leading audit firms, which are CertiK and Hacken. So trading on forbitspace DEX Aggregator is very secure.
Bà Tân | : Thanks for the useful information from @spacenina
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @forbitspace for answers.
Bà Tân | : IM Community, if you would like to know more about Forbitspace ! here are some useful links for you:
Official Website: https://forbitspace.com
Twitter: https://twitter.com/forbitspace
Telegram: https://t.me/forbitspace
Youtube: https://www.youtube.com/channel/UCU9ejvfmL6p2Pdwp2-q163w
Reddit: https://www.reddit.com/r/forbitspace/
Github: https://github.com/forbitspace
Medium: https://medium.com/@forbitspace
Discord: https://discord.com/invite/CnJqNa2wfG
Bà Tân | : Allright, I declare the Im Community AMA with Forbitspace has ended.
Thanks to @spacenina & @LindaSpace | Forbitspace joined us and provided us with Forbitspace information, we hope that this knowledge makes us understand more about https://forbitspace.com (https://forbitspace.com/)
To the members, thank you for following this event to the end. winners will be announced soon.
