🌟AMA Recap with Liquidity Dividends Protocol (LID): CFO of LID, TY and CEO of BiKi Southeast Asia, Ethan Ng!

LID(Liquidity Dividends Protocol)uses new technology that provides solutions for depositing liquidity into Uniswap while also offering a social rewards based staking system.

Ethan Ng, Southeast Asia CEO of BiKi had the honor of being invited to an AMA session within the LID community, sharing with them the exciting partnership between BiKi and LID, and at the same time, present on some money-grabbing opportunities that BiKi has presented in the recent month!
These topics include the newly launched Grid Trading Strategy by BiKi, the LID Grid Trading Competition, and many more!

Here’s a recap of the AMA on 2020/08/28, 00:00 (GMT +8):

Host
Ty and I will be hosting the BiKi CEO.

I’d like to welcome @ethanng, CEO of BiKi S.E.A

Ethan Ng@BiKi
hey guys~!

thanks for having me here

Lets get the party started and LID it up

Host

Good afternoon, ladies and gentlemen. Thank you all for your support~
I am the host of today’s AMA session, Carlsbad.

Today, we are very honored to have BiKi Overseas Operation VP here with us in the LID Telegram Group.
Let’s put our virtual hands together and give a round of applause to our distinguished guest!!

First of all, let’s briefly introduce BiKi. Although the partnership is already underway, and most of us are familiar, let’s learn more about them nonetheless.

Ethan Ng@BiKi

Thanks Carlsbad.

BiKi is a global provider of digital asset trading services and blockchain technology, including Cryptocurrency trading, Contract trading, Grid trading, Mortgage lending, Leverage trading, ETF, Industrial investment and other businesses.

Headquartered in Singapore, it has a strong technical team and operation team. It is committed to provide safe, stable and efficient services to global users. At present, we have set up operation centers in many countries and regions, with more than 3.5 million registered users.

Host

Excellent!

Okay, we know that BiKi has recently launched a new product called “Grid Trading”, which can automatically generate income. Could you introduce it to us please?

Ethan Ng@BiKi

Yes, this has been in the works for 2 months now, all our resources have been reallocated to make this happen, we are very proud that Grid Trading is BiKi’s newly launched product, which acts as an automated stable income generator.

It supports automatic arbitrage between mainstream Cryptocurrencies and popular DeFi tokens. It has stable returns, no need to eyeball the charts all day, and is easy to use. It can automatically generate trading strategies to help users obtain high-frequency trading income. We have also launched the LID/ETH trading pair and began the LID Grid Trading Competition! So users can get to earn LID tokens on BiKi exchange too!

Host

That’s really cool!

It sounds wonderful to be able to earn a stable income, so how does one operate it?

Ethan Ng@BiKi

we designed it to be pretty easy. Here’s how it works:

Open the BiKi app, select “Trade” at the bottom > select “Grid” at the top > switch token pairs through the top left button > select “AI Recommended” trading strategy (Recommended for Newbies) > enter in investment capital > Confirm Grid transaction;

Biki Grid Trading provides “AI Recommended Strategy” and “Custom Strategy”. I would recommend using A.i for new starters.

  1. When using the “AI Recommended Strategy”, the system will automatically project the annualized return based on the 7-day historic price of the trading token pair. After calculating the price range, the price gap can then be accurately determined; the user only needs to input the minimum assets required to confirm the order.
  2. 2. If the user is experienced and has his/her own unique take on the market condition, he can then use the “custom strategy”; the user needs to set the price range and price interval in grid transaction, and then input the minimum assets required in order to confirm the order.

Host

Flexibility is a great advantage, it’s great to see it here

According to the announcement, BiKi is currently conducting a Grid Trading Competition for LID, with 100000 LID rewards to be shared! Let’s expand more on this activity shall we?

Ethan Ng@BiKi

We will rank all the users who participate in the LID Grid Trading Competition according to the profit made during this activity period. A maximum amount of 5,000 LID can be obtained, and a total of 100,000 LID in the Reward Pool to be distributed. Everyone should seize this opportunity and quickly participate!

Good news for you guys attending this AMA, we have a special giveaway as well during this AMA session, users simply have to send a screenshot of themselves participating in the Grid trading competition, and they will be rewarded with 100 LID! Limited to the first 5 users.

Host

That’s awesome! That’s a brilliant prize pool on offer

Alright then, everyone should definitely go try it out now! So will BiKi carry out Grid Trading activities for LID in the future? For everyone to earn more profits.

Ethan Ng@BiKi

Yes, after the Grid Trading Competition has ended, we will start the Grid Trading Mining Activities, which will be even more profitable. So do stay tuned for that! Here’s a hint, you get to earn trading fees, in order to have first mover advantage, I highly encourage everyone to quickly register your biki account on www.biki.com and join our telegram @bikienglish.

Host

That’s perfect — you heard the man folks!

OK, last question. Currently, LID and BiKi have already began their partnership. What do you think of this alliance?

Ethan Ng@BiKi

BiKi team strongly believe in how LID can change the way this industry’s financing function, internally we like to casually call it the “Cisco of Financing”, that’s how impressed we were with Liquidity Dividends Protocol. We definitely look forward to future cooperation together. BiKi also welcomes more innovative teams to work with us to promote the development of the blockchain industry.

Host

Thank you @ethanng , those are some very kind words. We like what we do here at LID — we’re for the community, by the community.

Alright guys, so we’ll opening up the chat in a few moments for around a minute or so, so any questions you guys have, fire away! 🤩

Ethan Ng@BiKi

Let’s bring it!

Host

Anddd go!! 🥳🥳🥳

Community Question 1
Can you biki team help lid expand the Chinese market? Few people in China now know about lid. Obviously, in the crypto currency market, China is a force that cannot be underestimated. There are many communities and players, which will bring more exposure to lid, which will benefit the rapid development of lid in China. Thank you.

Ethan Ng@BiKi

there are already some communities discussing about LID when we were in the midst of discussion of cooperation with LID. an LID AMA for chinese communities is underway, and BiKi has a string of Press Releases for LID in the time to come. We want LID to grow because of its credibility, eventually, we believe the chinese community will get to see the true value and potential of LID. My answer is yes, my marketing, operations, customer service and community departments are already briefed to go full force with LID awareness.

the chinese AMA is made up of approximately under 500 Key opinion leaders, just fyi.

Host

I think this problem mainly depends on the lid team. As an exchange, biki can only assist.

Thank you.

Ethan Ng@BiKi

i beg to differ, as an exchange, our motto is, if the project grows then the exchange grows. We see huge synced up growth together with LID, we act as the amplifier and let LID focus on what they do best.

Community Question 2
Regarding this awesome Grid Trading competition, how are prizes allocated to the winners? Is it via direct deposits or in-house credits? Thank you! :)

Ethan Ng@BiKi
for this Grid Trading competition, prizes are allocated via direct deposits into users’ biki wallets.

Moving forward, once we launched the Grid Trading Mining function, the fees earned are credited into users’ biki wallets daily and they can check their data report daily on how well they fared.

Community Question 3
Forgive me if I’m wrong, but I believe the liquidity for LID on biki is moderately low. What can we do to improve this? Along with that, can you explain the price disparity between biki and, say, uniswap?

Ethan Ng@BiKi

This is precisely why we launched this Grid trading competition and why we have a huge urgency to lauch the Grid Trading Mining function, we will see better liquidity. With regards to the price disparity, i guess a lot of exchanges face the same issues. We forsee that our new function will close up that price gap really soon.

the chinese AMA is also essential because our Key opinion leaders in china are eager to know more about LID before they push it into their communities.

Host

This is really good to hear. Active solutions are not often presented from the exchanges themselves.

We’re really hyped to see BiKi taking the front step, you guys are a great model for other exchanges

Ethan Ng@BiKi

we are equally hyped to see the fruits of the use cases from LID. this is industry defining technology.

Community Question 4
LID has many good staking incentives, which presumably doesn’t mesh well with keeping LID on the biki exchange. How easy is it to move in and out of the exchange. I tried it briefly and noted there was KYC

Ethan Ng@BiKi

withdrawals less than USDT5,000 doesnt require KYC.

we have established the basics first, moving forward, we do intend to integrate deeper.

Do contact our customer service on biki.com , my CTO may have launched a new security system in the past 48 hours.

Host

Wow, some great questions there for the guys from BiKi!

OK, our live AMA session has come to an end. Thank you very much for your attendance and your support. I think you all learnt more about both BiKi and Grid Trading today. May LID and BiKi prosper to greater heights!

Ethan Ng@BiKi

its been great to engage with you guys. the enthusiastic crowd here is amazing and genuine. Lets do this again sometime when LID reach a new height sooner than we expected haha.

Host

@ethanng and @MatthiasBiki , thank you guys for taking the time out of your busy schedule to attend our AMA session with you! I’m really pumped for the Grid Trading competition, and also for what Grid Trading can do for traders and your exchange.

Ethan Ng@BiKi

any questions feel free to text me here or join our telegram group @bikienglish (https://t.me/BikiEnglish), we have community managers serving you almost round the clock.

Host

Thank you so much for a great AMA @ethanng Ty

Personally, I am extremely excited to see how BiKi and Lid work together into the future!

To learn more about Liquidity Dividend Protocol(LID), please visit: https://www.lid.sh/and chat with the community about LID at: https://t.me/LIDProtocol

Follow us on:

English Telegram: https://t.me/BiKiEnglish

Vietnam Telegram: https://t.me/BiKiVietnam

Chinese Telegram: https://t.me/BiKicoin

Russia Telegram: https://t.me/BiKiRussia

Philippines Telegram: https://t.me/BiKiPhilippines

Nigeria Telegram: https://t.me/BiKiNigeria

Iran Telegram: https://t.me/BiKiIran

Indonesia Telegram: https://t.me/BiKiIndonesia

Bangladesh Telegram: https://t.me/BiKiBangladesh

India Telegram: https://t.me/BiKiIndia

Korean Community: https://open.kakao.com/o/gYmlp4Yb

Twitter: https://twitter.com/BikiEnglish

Facebook: https://www.facebook.com/BiKiExchange/

Reddit: https://www.reddit.com/r/BiKi

Medium: https://medium.com/@BiKicoin

Youtube: https://www.youtube.com/c/BiKiExchange

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Founded in 2018 and headquartered in Singapore, BiKi is a global cryptocurrency exchange that provides blockchain technology and digital asset trading services

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BiKi.com

BiKi.com

Founded in 2018 and headquartered in Singapore, BiKi is a global cryptocurrency exchange that provides blockchain technology and digital asset trading services

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