AMA with LOTTRADE on Kwikswap!

🐳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

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