(01:01:37) Three Main Segments
The first one was the regulatory aspect of the exchanges and talked to many regulators many people that are in the regulatory scene. I also talked to a lot of the institutions that we’re looking to get into the crypto space and that wasn’t finding the right environment to get into and would basically acknowledge one thing. We are definitely in the right path because of many institutions that would like to take on board exchanges, and they can only on board probably one or two due to fact that most of the exchanges don’t have the financial institutional status. Basically what a financial institutional wants to do trading activity of any asset class, even if that asset class is not define as such, well they need to on board the institution that they would be dealing with and that on boarding process basically the legal process to check if this institution operating within the circle level of required minimum of integrity, transparency , flow management etc.
(01:03:17) Institutions
I’ve been speaking to lot of very important institutions and basically the result of this discussion was that, the problem is that we want to trade, we want to get more involved but there is not enough exchanges that will adhere the requirement the national institution requirement . So definitely we’re on the right page.
(01:03:45) Meeting with Mark Ellul
I had a meeting with Mark Ellul who is the lawyer and representative to the Gibraltar financial authorities so that is going as for plan. We published a video on that, but unfortunately that video was not very good in terms of sound. So we’re trying to make and break it down for you and cover all the points that Mark Ellul from Ellul associate was talking about . I believe all these points are very important and very vital for developing an overall understanding of the picture.
(01:04:31) Bitcoin Wednesday at Amsterdam
This is point One: the Regulator the regulator is check.
Point two: is communities I had the opportunity of speaking at bitcoin Wednesday at Armsterdam and I thank bitcoin Wednesday people for the opportunity and I’ve met many community members and I really think that the (me) (topS) in order to spread the word is very very important strategy that we will be and we are adopting so we favor meeting communities in small numbers outside the big events. So once we have this type of access more and more of this types of events are the world this happens of events tend to have as a ground and as building block and as a building base, important communities that are genuinely interested in the environment so that something we gonna do and we gonna keep doing .
(01:05:33) Launching Cryptaldash Trading University
And the third Point, that is directly toward that, towards the community aspect is that fact we will be launching Cryptaldash trading university, Cryptaldash trading university is basically Cryptaldash sponsoring variety trading professionals that will demonstrate to the community and will teach to the community useful trading skills, so that would be starting at the level of charting for example,
(01:06:10) Hiring the Best Charters
So we’re gonna hire the best charters we’re gonna have them do webbenars specially for the Cryptaldash community and then they will be teaching them everything they have to do, they have to know about charting and will have obviously different levels of these webbenars so will have
- Introductory levels which is the basic of charting
- Secondary level would be like more analysis
- Third which is like the Pro Level
- So these are gonna be the webbenars organized
(01:06:47) Arbitrary Opportunity
Another subject that would be tackling for example is, we’ll help to trade on Cryptaldash, not in terms of trading quality etc but more in terms executing trading our arbitraries, for example one of the functionalities of cryptaldash so we gonna have that demonstrated you know what’s good for arbitraries is what is arbitraries and how we can value arbitraries opportunity etc. So that arbitraries is a big deal we want the community to take advantage as much as possible of arbitraries opportunities because the environment is full arbitraries opportunities is only we can find and can bring you this and not only that but we can teach how to do it.
(01:07:39) Automation ( Third Party Partners)
Third point would be, automation that’s more advance so will have people that will be talking about algo’s and how they can automate and how you can use the tools of automation that we will be developing as we go, right now we don’t any showcase we’re working on them and we’re open to work with third party partners in order to develop automation tools in order that can profit to the community. So that’s very very important thing.
(01:08:17) Building Community
This is how we’re gonna build our community guys we’re looking into building into (F) stuff like that, as you can see we’re doing things that are genuine and that are relevant and useful to the community rather than going around and spreading , investors money into get in exposure the exposure will earn it and many many companies have demonstrated that when you earn your exposure you’re really earned long term the longevity of your business.
(01:08:55) Access on Trello
Basically the two main points, the third points that I would like to give you is the general update of who is Cryptaldash in terms of the three business units that we are managing. We have the Crypto Exchange business unit which is the project development side, and that is the something going to plan. For that you have access to trello board and can know day by day we’re are we at, in that and have your common etc and we’re getting that process as effective as we can, you know it’s a learning curve that process of you, giving feedback to the trello is definitely learning curve and we want to integrate as much as possible a feedback into the channels.
(01:10:00) IT side
So these channels, these feedback there their to act to done so that the IT side of things so we’re continuing building the exchange of deploying new functionalities etc, I have requested our tech team does not deploy on a agile base because they need to have to do a lot of testing but we are developing and more and more an agile plan and an agile launch plan. And we have right facing in order to kind of accomplish of what we are talk about during all these period.
(01:10:40)
The other business unti that we have is the regulatory/ complaints part and that is becoming more and more obvious that today in order to be successful business in the successful exchange you need to be as localized as possible and you need to have as many relationships as possible with the various regulators around the world and that something that we really working on with the operational team
(01:11:23) New CEO
we have a new member in the operational team he's the CEO which will be introducing to himself very soon he's focus right now is really getting all what we will require to trade everywhere and everything possible and exchange is a volume game so the more things the more, whatever your were able to trade, the more localities that you are able to trade in and the more instruments that you have, the better this for your exchange, and this is exactly what we we're trying to accomplish but this on this step by step base, do not have to deal with law suits regulators etc, we're trying to develop as good of relationship as possible with the various regulators.
(01:12:24)
And then, this the fact that we're running business really plugged in to the various stake holders which includes future customers which includes future institutions lead us to really develop building, you know we're agile company so we don't have a set idea and we're trying to do like we set from day one we're trying to do all what is good that we set from day one but we're adding new stuff as we go on.
(01:13:01)
So one of the things that came really obvious during the talk is that, decentralization of the exchange of cryptaldash could be done at various levels and especially of the custodian level of the exchange, so let me explain to you, An Exchange is separated into two components the first component which is the operational side order execution side and that is the component we're entering all our order you see order books and you get executed. And there is the second part which the custodian part, and the custodian part is where you deposit your bitcoins and where you deposit your ethereums, and most exchanges today these two parts are together and there is very little transparency on what happen to your bitcoin or to your crypto's once you deposit them at Binance do they put them on the cold wallet or hot wallet what's the deal with that, so we are developing you will see more and more, this is very sensitive information coz it's security base but I can give you like the overview of what were we doing, basically we're developing custodian component of our exchange which the masternode's will help run, that custodian part would be as segregated as possible from the exchange execution part. And this way we will be able to achieve the extremely good performance in terms of execution and extremely safe environment in terms of custody, now that custody we're developing a technology to get the transaction and the confirmation are required inside that custodian environment to get and decentralized as possible so this is the buzzword decentralization is a buzzword but working on a something cool, and will you have update on that, but this is something really cool and then the masternode's will have very very good environment and which really contribute to the cryptaldash story.
(01:15:42)
Cryptaldash the way we're building it, in the way we're we position it, into the market we're really position it as the only solution that the institution would have to deal with counter party that would respects its requirements, meaning that Cryptaldash will basically fit the bill of any institution even if cryptocurrencies in that homeland of that institutions is not yet a financial assets. So this is the kind of the innovation of this week.
(00:16:29) Questions
(01:16:38)First question from Andrea
How are you going to achieve the CRD price prediction of 1 Dollar by January 2019?
Ans: We do not give price predictions, it's good that the community is predicting the price, thats very good that means, there is trust in the project etc, My aim is to reach that, but its not a prediction I don't guarantee you anything, My aim is to reach that very quickly and that is done just by comparison base look, we have competitors our competitors are doing what they can, and they have taking certain directions, we're taking those directions plus we're added other very big plausible directions namely the institutional market, The institutional market is suppose to be atleast 4 to 5 times the current volume of the retail market which is the only existing volume today we gonna involve with that obviously we're gonna have new people and etc, but this is strategy of our business, this is what we're doing and you will the chance to see all the price evolution, but what we're doing and certainly are is to execute every single winning strategy that we seek in our business.
(01:17:57) The coins won or will win the coin listing competition will they be really listed on the Cryptaldash Exchange?
The Competition the crypto competition is the essential way of demonstrating community involvement behind the crypto , now obviously would that the main reason for the coin competition is to want determine who has the community behind and who doensn't. to give exposure to the communities in to the coins we're going to list, and ofcourse working with the teams in order to understand better and as much as possible the project that we are listing , to not discriminate base on market and on, ready to go type of quick wins, able to get the chance to everyone and obviously we're gonna work together with the coins, our aims to get them listed under prevalence of jurisdiction and the by laws and the entities in where we listed the coins and these are the general rules on everyone. so yes is to list as many coin as possible.
(01:19:32) What is the maximum of number lifetime members that cryptaldash exchange allow?
Obviously there is a theoretical limit. we want to have the holding of cryptaldash as a coin as distributed as possible because this was make the community great, ofcourse we have a theoretical holding limit, but we're not reaching here yet, and the idea is not to have only the lifetime members the idea is to have good component of variety of type of small holders and big holders.
(01:20:22) Why should we trust or invest to this project?
Well if up until to this day, first of all you invest on your own risk, but we will doing today with the community will given full transparency in to our operation we're taking the feedback we're doing this thing together. if I this point I still have trust issues then I will invite you to go, talk to other community members etc. I mean there is nothing more that we could do, there something we could do that you see, that will increase the trust by all means please tell us, but for us, we're opening our doors to you, looking at our operations we're publishing as many video possible we're opening our trello board etc, so that's level of transparency that is for us required, just the way of doing business.
(01:21:23) There's already alot of exchanges so what makes Cryptaldash the better exchange?
As I've been demonstrating earlier various reasons, I mean I think life will be superior in terms of environment business environment we're creating the right condition for us in order evolve in the long term including the relationship with regulators who institutions etc, so we are really doing this, we're not just talking about this is something that we really do. second thing where we have a very good IT infrastructure and guys building the IT infrastructure so be no problem with that and the third thing is that were really learning of a lot different strategies out there a lot of different exchanges the fact that there are many exchanges trying different things is a very good lesson for us this is not this is not like we're promising something that no one else is doing were just telling you look these guys are doing it and they're doing it for retail we're going to do it better and give you more tools etc,. and do it not only for retail but do it also for market that is three times bigger four times bigger, immediately and that market requires certain things the we need to do in order to respond to their demand, so that's what were building and this to what it makes sense i believe superior. The bottom line what really makes us superior is that we have a very critical view on our competition not in terms criticize them but in terms of reverse engineering everything they do, and contrasted where is this thing actually going, and really building bridges between today's practice and tomorrow's practice and that position as by default into leadership.
(01:22:12) Do you offer insurance for part asset in cryptaldash exchange?
the regulatory by default provide some type, is not a deposit insurance, that's something we will be working on third party insurance because a lot of institutions actually require some type of insurance from the depositor which will be cryptaldash but just the fact that you've been supervise,you have more an external person third party person, has more reasons to believe and not to believe that their asset are protected of course we will be having insurance solutions from third party insurance/ insurers that action that actually can put their balance sheets in front of their mouth and actually executive there are issues, so that's definitely something that we are looking into but that's the development today that's not required does extra cost for us but we will be implemented it because it's required for our institutions that would like to invest with us specially if we take custody of their assets.
(01:23:46) Amine has recently visited europe so now you have to give us the one of the countries that he visited. so name a country that he just visited recently in europe.
(01:24:41) when i buy CRD tokens so i get a wallet and can it be bought with bitcoin?
yes you can buy it with bitcoin and yes if you login to your account you'll have your CRD wallet and then your points will be distributed at the end of the ICO.
(01:25:02) what are the challenges and of obtaining a license to open an exchange in order to meet the standards of regulations cryptocurrency that exists at the moment?
sorry i want to react to the comment on the page,Brokla Poland, yes i've been there once actually very nice city, yes i like that city.
(01:25:30) like the challenges in obtaining the license,it's huge, i mean look four hundred pages applications it's huge! if you want more into that i can actually even, we should get some documentation go and like in terms of video to show like the application process etc,. i'm actually trying to get hold of the gibraltar regulator which i would like to showcase in a very soon blog or AMA
[01:26:19] The next question is from lorenzo ortega with regards to third party exchanges, will cryptaldash specifically select which exchanges to integrate?
Yes, right now we're trying to integrate as many exchanges as we can get hold of that's because we are worried about the level of liquidity so for us the most liquid we are, the better it is for everyone we want to be the most liquid marketplace but as we go as we grow we get more selected, of course we will get more selected as we see some exchanges how problems with the authorities etc., but that's on going process.
[01:27:09] When will live trading begin?
19th of june.
[01:27:24] how do you plan to increase the demand for the exchange?
to have a liquid as market place as possible,for me Cryptaldash is with the destination in terms of, trading multiple exchanges like google what is this destination for researching on a multiple search engines, and besides that i would like, really to become the destination in cryptaldash we can become the destination of institutional trading of institutions that will require certain environment in order to access with a crypto space and i would like to build that bridge and we're working hard in building it.
[01:28:31] Which jurisdiction will cryptaldash HQ Based?
Gibraltar, Japan so Gibraltar we're very advance on licence process because the license is very very crazy, especially of what happen there, and we're trying to get into Korea, we're trying to get middle east, we're trying to get everywhere, but we're doing it step by step because in this game, the crypto space and mark my words is gonna become exactly like the retail banking business. You cannot operate a bank in a Jurisdiction when you don't have license, its gonna be highly localized environment, so we're trying to get as many licenses as possible that's gonna be on going process, it's gonna be on going relationship with the various regulators, and we kinda like that.
[01:29:45] How will you accept or list coin in the future and what will be the process?
We invited you for CR Coin listing competition also if you want we can send some documentation of the terms and condition, we wanna get exposed to as many to coin as possible, and to the community and talk to the community and understand the project and get them listed and get them volume, thats absolutely not a problem to us, as long as they adhere the requirement of the legislation under which we're trade.
[01:30:54] Will Cryptaldash give a chance to Venezuela?
I love Venezuela, so what should I give a chance to where? how?
Paula: I think for trading so they can trade,
Amine: Tell me how man, just tell me how we can do Venezuela then I'm with you. Venezuela is definitely the place where I want to expand to, Argentina is also a good place, Russia where proxy country for Russia will be very good place Etc, so you know we have the world to eat together and we will be doing it.
[01:31:33] When trading with exchanges like Binace in the Cryptaldash Exchange where will be the funds be kept is there an overview of funds at all integrated exchange?
Yes! you can it right now on our exchange once you log in, you go accounts and you can see buy exchange where are the funds kept.
[01:32:04] So no more questions anyone has question on the chat?
Paula: and now we're opening it for the viewers
[01:32:27] Will be developing tools that will block access to some liquidity?
I received the next question earlier about the crash the flash crash is in cryptaldash will being issue for simple issue that we're not making you trade against bots, all the people, Yes, we can do high frequency and low latency but we only gonna be able to launch high frequency low latency once we have big enough market (depth)[01:33:08] So basically we're talking 100 to 10. Basically we need to have atleast 100 times the volume of the expected volume of the high frequency traders and the guys that have algo's to launch them safely because we want to launch them safely otherwise if we're trading them against algo's and alot of current exchange today, you are trading against algo's then you know it's like casino, you never win against casino.
[01:33:39] Just in terms of trade executions obviously in terms where the market is going, that something that is cross exchanges but in terms of trade executions we're not allowed to do that, this is not something we're gonna be doing we're gonna be having a high frequency trading Yes, but will never deploy bots against our own customers.
[01:34:02] What are our security strategies with all the hacks and like security issues?
We have, just give you an overview is that complete segregation of the wallet part, and the custodian part from the execution part.
Any question please let us now.
By the way just to close it was very nice to meet the community members in the Armsterdam, in Germany and the it was a very good to see all the involvement all the sense of the community that we have created, and thank you for that. I wanna build the real community and this is not something we're doing because everyone is doing it, blah blah.. this is the real thing that the mermaid is doing this like a charm, and it's very very important that we keep going.
[01:35:27] Im here to communicate little less on private messages because im becoming a superstar , I just need to focus, Right now we're reaching the level we're I need to focus on legal stuff, I need to focus on pushing each and every business unit in order for the whole project to deliver in a very focus type of delivery to have as much as affect on the market as possible.
Are you open on funny question?
[01:36:23] How to keep the price of the coin in the market if its stable?
We have variety of strategies for that, first one first of all, we're gonna have our own market making desk, and that's very important we're gonna make market for CRD tokens against all type of tokens.
[01:36:43] Some people might find the way of using that and getting prices and just bring in CRD tokens to very stable and very liquidity stage we want to CRD token to shoot to the moon and to stabilized at the certain point. I think the level of stabilization would be the level that would reflect our leadership in the market compared to our competitors and that's accessibility that I think alot of crypto enthusiast and lot of institutions and investors and savy people would know how to calibrate and how to evaluate and act on.
[01:37:27] How do you plan to keep the SEC happy and will not being labeled as a security?
We're not labeled as a security, This is a very important thing, that you need to understand. The regulators are there to regulate environments and when there is law, and when there is procedure and when there is a law they expect the people operating in that asset class or in the financial sector to adhere to it, In cryptocurrency what their saying as long as you are not trading in securities you do not have to do certain things, so the regulator will come see you once you do something wrong, but would not see you before that, so we are taking every single step in order to have, all the regulators happy, not only that we're actually working with them in order to find the best optimum environment to operate, because our aim is to operate within the context of the institution and financial institutions, this is what we're building.
[01:39:13] Having an on going relationship with regulator, I mean regulator is the marriage type of relationship is not a one night stand relationship. So you need to be there everyday and have your things together etc,. because when they come to check on you, they just want the files to check very quick . Not only that you might be proactive and helping them develop things etc., this is reason why we have invited many exchanges that we have relationship with, and to forming and exchange operators association and the exchange operators association as you can see from the my Linkedin profile is an association that will lobbying at the level of governments in order to pass law that are favorable to the crypto environment. This is we're we need to act, this is we're the operators in the exchanges, people that are heavily involve in there to run in businesses to this environment should get together and have lobbying in agency and people (love for) their interest this is similar to any other industry you have lobbies to automated industry have all industries have people that help the political that will help the government in the legislator come up and understand better of what they are doing and influence them in terms of making laws that are serve the best interest of their environment where they operate
[01:41:02] Crypto Currencies absolutely we're no different than that if we don't wanna be in the situation we're over () assets disappeared people get investigated. If we wanna operate in a completely caution environment that is world class type of environment we have to have a proactive approach and have to develop our best standards in terms of industry. Crypto environment is an asset class an is will remain the good chunk of marketcap that will also influence many areas and today we can it influence in a lot of areas starting by the money transfer to the supply chain management etc,. as you see the eco system developing and that developing over that eco system you will see that influence in a lot of areas. So I hope Cryptaldash as an exchange will be the good bridge between bring in value into the eco system through the abilities of very easily exchanging tokens to fiat exchanges tokens to other tokens and creating a very liquid and very stable market, and that we wanna create that in the market and this is why we're trying to integrate every single element that would bring liquidity into that market.
[01:42:50] Paula: Before we're gonna move to the next question we're gonna have the second give away.
[01:42:56] We recently changed the minimum buy in, so give us the price like what's the new minimum buy in?
By the way, just I know that the 40 people that are here that don't care about this, but just you need to understand that the minimum buy in will be end very very soon.
[01:44:04] Do you have any plan to migrate from token ERC-20 to what coin, as a minor do we have an opportunity to participate or contribute in your project?
Yes sure, I mean the masternode operator is basically some type of validator and then our masternode is the way you can actually participate in running the cryptaldash now.
[01:44:38] When people bought CRD tokens outside Cryptaldash exchange does the possession of CRD tokens give them automatic right to trade on the cryptaldash exchange?
Ofcourse! I mean if you pass KYC, but you need to pass KYC, KYC is a standard I need to know, we need to know a basic information that is important.
[01:45:11] As a newbie, what are the best benefits that we can get by joining Cryptaldash?
I think as a newbie where you really can benefit from cryptaldash is through the Cryptaldash university and when you are newbie I think that something very important that would bring lot of value to the community especially to newbies.
[01:45:42] Will Cryptaldash as a company promote themselves by sponsoring an international event, like the Formula 1 or Olympics event or something.
Yeah I like that, well I hope we will be deliver we're we can a sponsor events , but for us what we really wanna sponsor is the education of our customer, this something we really wanna investing, education is a must, I think that the education is one of the must. I think that education is one of the most important values that cryptaldash can utilize its marketing and it's community team money.
[01:46:29] How can I maximize arbitrage opportunity using cryptaldash interface and exchange, will you be supporting scripts and value added log ins?
Yes! we will be, as describe on a previous question please see, I think in the first few minutes in the video.
[01:46:48] Will you have incentives like candy machine to use your exchange?
Ans:Yes surely we will be given an incentives in marketing as much as we can etc. to get many people as possible on the exchange .Thank you Tim for answering
[01:47:36] How much will be the fee for a minimum withdrawal of Bitcoin?
We have a fee table that i can communicate with you on the withdrawal etc.
[01:47:51] How can I join the team?
Send your CV.
[01:48:04] What is the projection for 2020?
Projection for 2020, to the moon,
Okay will thank you very much for being here I understand that everyone is busy, happy sunday to everyone it's nearly 2 oclock here, Thank you for the winners,