BlockTalks x FinBet AMA Transcript!
We recently hosted an AMA with FinBet, on September 17th at 12.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by FinBet Team. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce FinBet to our community in layman’s term?
Ans — FinBet is a Financial Betting platform, which is simply betting on changes of the assets values.
Think of it as you would in sports betting. Imagine betting on a football game- You would try to predict which of the two teams would win, same goes for FinBet. You have two assets paired against each other and you bet if their values will rise or fall.
Platform is intuitive, easy to use and user friendly and allows placing a bet just with a few clicks. Basically, you pick an asset, timeframe and bet. If you predicted correctly it’s an easy win. It’s a fun and light entertainment that allows you to enjoy financial markets.
Q2. What are the advantages of FinBet to other alternatives in the Blockchain field?
Ans — FinBet Team, [17-Sep-2021 at 5:35:53 PM]:
The first merit of FinBet is our platform — clear, transparent, easy-to-use, approachable to everyone. Among its numerous features it is worth mentioning:
📍easy registration with an email address.
📍multichain — possibility to make deposits and withdraw rewards in the most popular coins — BTC, LTC, BTC Cash, ETH, or USDT;
📍automatic payouts immediately after a bet is closed;
📍tools for advanced players: interactive charts, indicators
FinBet also provides its customers with:
📍broad betting offer on multiple assets;
📍timeframes even from 15 seconds;
📍transactions secured by serviced blockchains.
What we focus on a lot is customer and community care. That is why we have a proactive attitude and encourage our community to ask questions via multiple tools that we provide them with📱
Q3. Do you have any restrictions for the users where betting is not acted legal?
Ans — FinBet Team, [17-Sep-2021 at 5:39:34 PM]:
Most importantly, we are the only crypto based Financial Betting platform working on the licence. We are regulated by gambling commissions of Uganda, Nigeria, and Seychelles, so our activities are monitored by Regulators.
We are regulated in the markets that we choose to work with.
Q4. Can you list down which games do you support now for betting?
Ans — FinBet is an one certain game (financial betting), and one certain platform created on purpose to use that game, we don’t plan to introduce other games.
Q5. What are the major milestones FinBet achieved so far & what are in the future pipeline?
Ans — After setting up the project we focused on:
Acquisition of the only financial betting licence in the world
- Lighting network integration
- Live stage and mobile version of FinBet platform introduction
- 1st and 2nd sale of CFB
- ERC20 network, metamask payment ,and BSC integration
Next we have planned:
- metamask registration possibility implementation
- introduction of fiat payments
- CFB utility features and burning plan
- CFB governance models
- expanding assets portfolio, as well as payment methods and wallets integration.
Questions Asked on Twitter For FinBet Team!
Q1. On your website I saw that Finger allows its users to place 60-second bets with instant automatic payouts, even though, how can users evaluate the reliability of every bet placed in this particular period of time? Is there a way to verify the course of the bet during 60 seconds?
Ans — Yes. View personalization allows you to follow up to 4 bets in the same moment on your computer screen:
While betting, the live chart is showing you the current state of the bet, how much time left, and also showing if you are currently winning or not. Basically just follow the line, and if it’s green that means profit is coming. Please see as per video below with 15 seconds bet as an example:
After the bet is finished you can easily check it’s outcome in the closed trades section.
Q2. With Finbet,you will give 100% welcome bonus in which you will double the first deposit. So,is this welcome bonus is withrawable or it can only be used in your platform? Aside from doubling the first deposit,what other bonuses or incentives you offer for new users?
Ans —The welcome bonus is absolutely withdrawable, after the user completes the needed turnover. Of course we have more promotions prepared, like a 30% bonus for next deposits. Use the link to register and use the current promotions.
We always host activities for our community. Currently aside from running bonuses we run multiple betting competitions in our social media (Telegram . Twitter) to show how easy it is to bet UP or DOWN! By voting in the poll, users try to predict certain asset movements and if they predict correctly we pick lucky winners who are rewarded straight into their FinBet account.
Q3. FinBet is a blockchain with innovative technology and appears secure in all its transactions as its connections are encrypted? How would it show users that there is 100% transparency in their transactions. Is it possible that data cannot be altered?
Ans — FinBet is a multiblokchain platform.
Asset values on our platform are public data and concern real market phenomena which can be verified externally. This is not a lottery and there is no way to distort the data. Our transparency comes from the fact that all values on the platform are based on public feed and objective information.
Q4. I saw on your website that you have an affiliate program. So how do I register for this? What benefits will it have for me? What are the requirements in order to be FinBet’s affiliate?
Ans —The Program is open to everyone so if you are interested in joining, please contact our Affiliate Manager at firstname.lastname@example.org or via telegram @FinBetAffiliate 💬
📍All affiliates get a starting offer of 30% in revenue share.
📍Register for the affiliate program, advertise finbet and get users to join the platform, start earning as your clients make bets!
📍Being an Affiliate for FinBet is super profitable as it generates long-term and frequent income
Q5. Could you tell us which userbase is FinBet’ main target? Do you focus only on big Investors or small retail Investors also can be a big role in your project?
Ans — FinBet’s main target group are people who are dissatisfied with the bureaucracy of financial institutions. This includes people who find financial market too complicated.
People seeking stay-in entertainment in the crypto world with payout and no strings attached.
FinBet is for everyone! From all financial backgrounds and with all kinds of resources! Remember, the minimum deposit on FinBet is $1! Even betting newbies can enjoy it and if they want to boost their winning chances they are welcome to follow our Betting Opportunities shared in our social media channels like :
Questions Asked by our BlockTalks Community Members during live Session to FinBet Team!!
Q1. Can people of any language join your project? Or does your project have a specific language?
Ans — All official communication on FinBet is held in english.
We currently have a dedicated Telegram Community group run primarily in English but soon community managers will also be recruited to communicate in the native language.
Q2. Could you tell us a little bit about the “educational activities” you plan to have at FinBet? what methodologies will they have? and also, will they all be based on betting on crypto markets? if not, what specific topics will you train your users on?
Ans — We put a lot of attention to customer care. We are happy to talk with our users and help them resolve all their matters.
-We are constantly providing our users with educational materials to support their betting activities and we constantly develop the education package
Great examples of our educational activity are the Betting Opportunities and Impact reports, being shared in our social media channels (we shared example above)
Follow our social media channels as next week information about webinars will be shared
💬Telegram Group: https://t.me/finbetofficialgroup
📊Telegram Channel: https://t.me/FinBetOfficial
Q3. CFB token debuted on Uniswap, does CFB token have any listing plan on BSC?
Ans — Token is available to purchase on Uniswap and PancakeSwap.🥞
Q4. FinBet is a financial betting platform based on cryptocurrency. What’s the difference between trading and financial betting?
Ans — Financial betting is wagering on the value of the certain asset. Therefore, there are no real trades within that would require liquidity. You just bet on the outcome and winnings are always paid out in the currency of your deposit. Please don’t forget that FinBet is not a trading platform
Q5. You say that “you must remember that some assets will not be available on weekends or at certain times”, but could you really explain to us why they will require these breaks in which they will not be available? will it be certain frequent updates that you will make?
Ans — In FinBet bets are placed against real price feeds. As certain merkets are working only in certain time frames (for example stock market) betting is limited to the times when those markets are open. Remember that if certain asset is unavailable you can always bet on crypto 24/7