🐳POSEIDON — Kwikswap Advisor
LOT AMA STARTING please ask any questions near the end 🔥🔥
🐳POSEIDON — Kwikswap Advisor
Hello @love_unit Welcome to Kwikswap — KwiKstarter please introduce yourself and tell us how you got into crypto
Admin, Ada Project Manager LOT.TRADE
Hello everyone! It’s a pleasure to be here with you today 🔥
🐳POSEIDON — Kwikswap Advisor
Welcome mate
Admin, Ada Project Manager LOT.TRADE
I’m Ada, project manager of the LOTTRADE. I have more than 2 years of experience in crypto, and now am willing to bring my experience into LOTTRADE project in order to make it the next #tothemoon gem 🚀🚀🚀
Admin, Ada Project Manager LOT.TRADE
Do you want me to inroduce the rest project team too? 🤔
🐳POSEIDON — Kwikswap Advisor
Awesome ! thats what we are all looking for 🔥
🐳POSEIDON — Kwikswap Advisor
yeah man please do
🐳POSEIDON — Kwikswap Advisor
Introduce the team and give us a good round up of your project
Admin, Ada Project Manager LOT.TRADE
Our CEO, Leonid Litvinenko, is an entrepreneur and investor who has been working in the field of trading for over 11 years. So he sure knows stuff about trading and showing the best way for the whole team 😂🤝
Admin, Ada Project Manager LOT.TRADE
LOTTRADE’s BDO, Vitaly Korshunov, a PhD, visionary, an expert in the field of social technology and communications, who also has a specialization in the field of gamification and game design, helps to make our product simple, interesting, and understandable for users 🚀
Admin, Ada Project Manager LOT.TRADE
And, of course, our BDM, Oleksii Chepelyk, with more than 10 years of management experience in international companies such as Cisco Systems, Samsung Electronics, Telenor Group. I’m sure that our team’s background is an ideal soil to grow something like LOTTRADE 💎💎💎
Admin, Ada Project Manager LOT.TRADE
I guess I’m done here ✅
🐳POSEIDON — Kwikswap Advisor
Wow yeah a big wealth of experience there
🐳POSEIDON — Kwikswap Advisor
So tell us about LOT Trade
Admin, Ada Project Manager LOT.TRADE
yes sure
🐳POSEIDON — Kwikswap Advisor
and why you wanted to create this really cool idea
Admin, Ada Project Manager LOT.TRADE
LOTTRADE is the first and the only Universal NFT/DEX/CEX gaming tournament platform for cryptotraders, gamers and gamblers
Admin, Ada Project Manager LOT.TRADE
LOTTRADE represents gamification and popularization of crypto trading through regular tournaments, battles and challenges with the goal of being the best trader in the world 🥁
Admin, Ada Project Manager LOT.TRADE
Customize tournaments and Win Big Prize Pools. Betting for gamblers. NFTs as winners reward and authorization access
Admin, Ada Project Manager LOT.TRADE
Traders will be able to compete professional skills, promote their own brand and themselves to investors, and increase their income
Admin, Ada Project Manager LOT.TRADE
On the other hand, there are exchanges that will demonstrate their capabilities, (extend/increase) their customer base, sponsor and organize tournaments through our platform ✌️
Admin, Ada Project Manager LOT.TRADE
Long story short 😂😊
🐳POSEIDON — Kwikswap Advisor
Wow sounds like you are targeting a massive audience very impressive
🐳POSEIDON — Kwikswap Advisor
How far off are you from completing all the platform ? when will the Trading start 🔥
Admin, Ada Project Manager LOT.TRADE
Yes, you’re 100% right
Admin, Ada Project Manager LOT.TRADE
Both traders and exchanges will be able to increase their incomes by using our platform💎🚀
Admin, Ada Project Manager LOT.TRADE
[In reply to 🐳POSEIDON — Kwikswap Advisor]
you can already join our tournaments!
Admin, Ada Project Manager LOT.TRADE
Right after IDO we are planning a big tournament — only for LOTT token holders.
It will last for one month. Its prize pool will be nominated in LOTT tokens.
Admin, Ada Project Manager LOT.TRADE
Winners of the tournament will receive 50% of the prize pool.
The other 50% of the prize pool will be distributed among all tournament participants.
Participation in the tournament for all LOTT token holders will be free
Admin, Ada Project Manager LOT.TRADE
Also, all LOTT token holders will be able to take part in our regular tournaments — weekly, monthly, seasonal and annual
🐳POSEIDON — Kwikswap Advisor
Thats great 🔥 i will certainly be coming to win some tornaments 😜
🐳POSEIDON — Kwikswap Advisor
We have some pre selected questions from the community for you
Admin, Ada Project Manager LOT.TRADE
Waiting for you to join 😉👍
Admin, Ada Project Manager LOT.TRADE
Yes, I’m ready to answer
🐳POSEIDON — Kwikswap Advisor
What is the status of the PAMM development and how would it work? E.g deposits and withdrawal processes?
Admin, Ada Project Manager LOT.TRADE
so, this is a separate functionality that is planned to be developed in the future. investment and distribution of profits and withdrawal of investments will be carried out in accordance with smart contracts ✅
🐳POSEIDON — Kwikswap Advisor
Please explain what PAMM is for anyone who does not know
Admin, Ada Project Manager LOT.TRADE
PAMM stands for Percent allocation management module
Admin, Ada Project Manager LOT.TRADE
It describes a software application used predominantly by foreign exchange (forex) brokers to allow their clients to attach money to a specific trader managing one or more accounts appointed on the basis of a limited power of attorney
🐳POSEIDON — Kwikswap Advisor
Perfect thanks
🐳POSEIDON — Kwikswap Advisor
Does this project also want to expand to the Solana network later?
Admin, Ada Project Manager LOT.TRADE
We will surely work in this particular direction
🐳POSEIDON — Kwikswap Advisor
Another from the community
Is your project a local project or a global project? Can anyone use your services from anywhere in the world? Are there any restrictions of using your service? If it’s global, how we will use it? Is there any global network?
Admin, Ada Project Manager LOT.TRADE
We want our project to become a worldwide once. If there are no restrictions on using, let’s say, Binance, then there are no restrictions on our platform.
Admin, Ada Project Manager LOT.TRADE
All you need to do is be registered on our web and connect your exchange account via API.
Admin, Ada Project Manager LOT.TRADE
After the exchange connection, you can proceed with operations as usual
Admin, Ada Project Manager LOT.TRADE
We are now working hard so our users will be able to connect to any exchange they are comfortable with trading on and trade on multiple exchanges using only the lottrade platform.
🐳POSEIDON — Kwikswap Advisor
I have viewed your Video on connecting the API and its super easy ! i think any traders out there will be joining you guys
Admin, Ada Project Manager LOT.TRADE
[In reply to 🐳POSEIDON — Advisor]
looking forward for it 🔥🔥🔥
🐳POSEIDON — Kwikswap Advisor
So what are your marketing plans to get the attention of the worlds traders ?
Admin, Ada Project Manager LOT.TRADE
every day we modify and improve our platform. We are working on partnerships, negotiating with exchanges. The number of our community is growing steadily, so we are sure that our efforts will not be wasted
🐳POSEIDON — Kwikswap Advisor
That’s good to hear 🔥
🐳POSEIDON — Kwikswap Advisor
Another from the community
In your view what makes LOT stand out from the rest of the other trading and betting platforms, why should we invest?
Admin, Ada Project Manager LOT.TRADE
as of now, traders are still reluctant to enter DeFi projects.
Admin, Ada Project Manager LOT.TRADE
the sphere of decentralized finance has some issues, making it less attractive for retail investors
Admin, Ada Project Manager LOT.TRADE
high technical barriers and extra-large gas fees prevent wide publicity from entering the profitable DeFi scene
Admin, Ada Project Manager LOT.TRADE
LOTTRADE approach radically mitigates those barriers. The platform is built to be accessible by using the latest gamification techniques
Admin, Ada Project Manager LOT.TRADE
It’s also necessary to mention the advantages for both users&partners of LOTTRADE
Admin, Ada Project Manager LOT.TRADE
For users it will be free registration and participation in the LOTTRADE tournaments, friendly interface, trade skills rating and recognition, attracting new customers, competing for a high prize pool, and formation of the professional decentralized crypto leage of crypto traders + investors for involvement in its development and improvement 🙌💎
Admin, Ada Project Manager LOT.TRADE
For partners we offer an organic increase of trading activity and engagement of their communities
Admin, Ada Project Manager LOT.TRADE
attracting new customers by tournament sponsorship, demonstrating the new trading tools and services, organizing and carrying out international and local online tournaments, which results will be fixed in the blockchain.
🐳POSEIDON — Kwikswap Advisor
It seems to be very attractive for all users .
So here’s another question from the community going on from those answers.
Is your platform meant for only professional traders, and are there any planned education or features to help normal retail user become better with defi concepts and trading profitability via your ecosystem?
Admin, Ada Project Manager LOT.TRADE
We aim to transform crypto trading into a magnificent cybersport for everyone! This is one of our main priorities
🐳POSEIDON — Kwikswap Advisor
[In reply to admin]
🔥 Cybersport 🔥 love the term
Admin, Ada Project Manager LOT.TRADE
We’ll create a manual for begginers to start trade career easily. Also, the introduction of the protocol for following the best traders’ deals is in our roadmap, Q1+ 2022, so our users will be able to learn from the best ones
🐳POSEIDON — Kwikswap Advisor
Thanks for that there will always be newcomers that want to learn,
So providing this will be a great asset 👍
🐳POSEIDON — Kwikswap Advisor
So,
There are gamified trading platforms already (i.e. Bunicorn). How do you differ from them?
Admin, Ada Project Manager LOT.TRADE
Talking Bunicorn — that is kind of NFT marketplace/DEX. We are cross CEX/DEX trading competition platform for tokens and NFTs. Different approach
🐳POSEIDON — Kwikswap Advisor
LOT is going to be huge compared to them
Admin, Ada Project Manager LOT.TRADE
for sure ☄️
🐳POSEIDON — Kwikswap Advisor
Is there any Questions from the community Lets open it up
🐳POSEIDON — Kwikswap Advisor
Please share any questions guys
🐳POSEIDON — Kwikswap Advisor
Here’s one I have been sent
Beside typical marketing, did you consider invitation to your trading competitions for some known/popular traders from youtube/tiktok/twitter etc. ?
Admin, Ada Project Manager LOT.TRADE
here’s our Go-to-Market approach:
1. Business development (in order to involve CEXs and DEFi projects as partners) and cross partnership marketing activities (min 3 new partners / week) with shilling
2. Pushing marketing with MM in order to increase trading volume and get listed on CEXs
3. Creating local communities (China, Spanish, Russian)
4. PR activities (designing and media distribution LOT usecases)
5. LOT tutorials (video lessons how to trade and use LOT)
6. Weekly updates videoAMAs on LOT YT channel w guests and partners
7. Onboarding notable YouTubers / traders to push the project to the masses
🐳POSEIDON — Kwikswap Advisor
Quite a comprihensive plan you have
🐳POSEIDON — Kwikswap Advisor
Cant wait for all of these to roll out
🐳POSEIDON — Kwikswap Advisor
Seems like the community have had all there questions fulfilled already
🐳POSEIDON — Kwikswap Advisor
We are super excited to be here at the start of your journey
Admin, Ada Project Manager LOT.TRADE
Thank you!
🐳POSEIDON — Kwikswap Advisor
is there any thing else you would like to add that we havent covered today @love_unit
Admin, Ada Project Manager LOT.TRADE
Can I provide your community with some links so they can easily find us on social media?
Mueng josip, Community Member
what are the ways that generates profits/revenue to maintain LOT project and what is its revenue model ?
🐳POSEIDON — Kwikswap Advisor
[In reply to Mueng josip]
Great question
🐳POSEIDON — Kwikswap Advisor
[In reply to admin]
Yeah sure you can
Admin, Ada Project Manager LOT.TRADE
[In reply to Mueng josip]
Project is built as a decentralized autonomous organization and doesn’t aim to monetize operational activities. The project team is incentivized by LOTT tokens allocation that will be unlocked 1.5 years after the start of the project. The tournament and protocol commissions (liquidity pool exchange, staking, lending) will be charged to cover the operational and development costs of the project.
🐳POSEIDON — Kwikswap Advisor
John Walfer, Community Member
Many projects have problems with UI / UX and this one turns off new users. How do Lot trade plan to improve the interaction with new users and with users outside the crypto space?
Admin, Ada Project Manager LOT.TRADE
[In reply to John Walfer]
we already have a user-friendly UI/UX + we work daily to improve it✌️
🐳POSEIDON — Kwikswap Advisor
If there are no more questions from the community.
We really appreciate you being here today and answering the questions
Admin, Ada Project Manager LOT.TRADE
Thank you for having me today🙌
— — -
About Lot.Trade
LOT.TRADE (LOTT) represents gamification and popularization of crypto trading through regular tournaments, battles and challenges with the goal of being the best trader in the world. Customize tournaments and Win Big Prize Pools. Betting for gamblers. NFTs as winners reward and authorization access.
Website:
https://lot.trade/
Twitter:
https://twitter.com/WLOCT
Telegram:
https://t.me/wloctchat
Reddit:
https://www.reddit.com/r/WLOCT/
Facebook:
https://www.facebook.com/lot.trade
Medium:
https://medium.com/@LOTTRADE
YouTube: https://www.youtube.com/channel/UCpDy1oNznaXqaAedr1j1AdQ
