On 28th of December, Zenfuse conducted an AMA on Crypto Revolution Community. Our guest was Yuriy, Founder of Zenfuse. Impressive interest from our Community with a lot of questions on both Twitter and Telegram. Let’s take a look at most interesting points of the AMA.
INTRODUCTION AND TWITTER QUESTIONS
Danny | Crypto Revolution: Okay guys. Let’s welcome Yuriy and Zenfuse for probably the last AMA for 2020. Chat is muted. Welcome Yuriy. Happy to have you with us today.
Yuriy: Hi Danny! Thank you for inviting me!
Danny | Crypto Revolution: Could you please introduce yourself and tell us how did you get involved into Crypto?
Yuriy: I have a web-dev background, was building websites since I was 13 years old, I love to work with code and with UI/UX. I came to crypto in 2017, bought my first bitcoin at $1200 and sold at $4500 few months later, thought that I’m a great trader.
Then I started to read books about technical analysis, tried different ideas, had good moments and bad moments until I found the right strategy for myself. After all those sleepless nights I decided to create a platform that will make my trading easier, more efficient and safe, that’s how Zenfuse idea was born.
Before Zenfuse I worked in F2Pool.com and stake.fish as Creative Director.
Danny | Crypto Revolution: Impressive background. We all see the Bull Run at the moment. Do you think Bitcoin will go over 30k till end of the year?
Yuriy: It will not be a surprise to me, Bitcoin gone wild. What do you think?
Danny | Crypto Revolution: I think is totally possible. Hopefully Alts will follow. Could you please introduce Zenfuse to the Community in few simple sentences?
Yuriy: Zenfuse is the swiss-knife for every trader. Features like Analytics, Panic-sell, Drag’n’Drop Rebalancing, OCO Orders, Trailing stops, Portfolio Groups, Shareable Portfolio, Goals & Achievements, News Center, Events Calendar and others, accessible from one place can significantly boost your efficiency and profits as a trader.
Danny | Crypto Revolution: How many people are currently using the Platform?
Yuriy: The platform is not live yet, but more than 2000 people left their emails and waiting for the release. Our MVP launch will happen by the end of 2020, but the access will be limited (to test bugs etc), Zenfuse will be open to public in February.
Danny | Crypto Revolution: Oh nice. So just hours away for people to test it.
Yuriy: Yes.
Danny | Crypto Revolution: Who will be doing all the Analytics?
Yuriy: Analytics will be automated by our platform, all your data will appear in the form of simple charts.
Danny | Crypto Revolution: Got it. What will be the benefits for Zenfuse Token Holders when using the Platform?
Yuriy: 1. All pro-features will become free for our token holders.
2. Token holders will be able to increase their ZEFU amount by staking
3. Zenfuse Token Holders will be able to bet on a price of any crypto coin, and make some extra income if they won.
More benefits will be announced soon ;)
Danny | Crypto Revolution: Some people don’t know that Vitalik mentioned Zenfuse before. Could you please share the story with him. Why he mentioned and do you know him personally?
Yuriy: I just arrived to Bangkok and pitched Trader0x (initial name of Zenfuse) to everyone at the conference, Vitalik remembered us and the next time we’ve randomly met him in Starbucks he recognized us and started pitching OUR product to guys from OmiseGo. Luckily, one of our team members recorded it.
I know him personally and we’ve met each other few more times after that. He was excited by the platform we’re building, and he’s eager to try rebalancing feature.
Danny | Crypto Revolution: This is really impressive man. What partnerships you guys have at the moment and are you working on new ones?
Yuriy: We’ve made a partnership with DeFiPie.com, created $ZEFU pool and made initial deposit to the platform. Now users of both projects have ability to stake $ZEFU, take loans and earn $PIE.
We’re working on a partnership with one project you may know, which is focused on a layer one trading infrastructure complete with deep liquidity, frontend trading GUI, and the ability to integrate into any exchange, trading desk, wallet, dApp, or other trading-related platform (like Zenfuse).
We’re also working with the biggest decentralized oracle network which aims to connect smart contracts with data from the real world (you know them for sure).
Danny | Crypto Revolution: Where people can buy Zenfuse at the moment?
Yuriy: Uniswap:
https://info.uniswap.org/token/0xb1e9157c2fdcc5a856c8da8b2d89b6c32b3c1229
Bithumb Global:
https://www.bithumb.pro/en-us/spot/trade?q=ZEFU-USDT
https://www.bithumb.pro/en-us/spot/trade?q=ZEFU-ETH
https://www.bithumb.pro/en-us/spot/trade?q=ZEFU-BTC
Bibox:
https://www.bibox.pro/en/exchange/basic/ZEFU_USDT
https://www.bibox.pro/en/exchange/basic/ZEFU_ETH
Danny | Crypto Revolution: So as we both know many people in Crypto now are just interested from the Price. Talking about Moon Boys. How you think to make Zenfuse more valuable and interesting for Investors so you get more people to buy. Also do you think price is really important or focusing on Development is more important at the moment?
Yuriy: We’re more focused on the development, as we should, but we’re cooking something special for moonboys as well.
Danny | Crypto Revolution: Haha. Nice. So they will be happy soon. Thank you for the Introduction Yuriy. Let’s start with Twitter questions.
Q1 from @Rosanela08
Would Zenfuse be considered a liquidity aggregator? What would differenciate it from similar projects like orion protocol?
Yuriy: Zenfuse is aggregating exchanges while Orion is aggregating liquidity. Our approach allows to boost your trading experience by executing orders instantly and performing actions like rebalancing or doing a panic sell when needed, while aggregating basically the same liquidity, but faster and cheaper.
Danny | Crypto Revolution: How you handle the security of Funds?
Yuriy: Zenfuse doesn’t have access to your funds, everything is stored at the exchange. We will never ask for your login credentials, Zenfuse only needs your trading API’s.
Danny | Crypto Revolution: Got it.
Q2 from @Ontortk
Recently, Zenfuse is released a new version of your website update. What updates/performance have been improved in this version? What’s make it better than old version?
Danny | Crypto Revolution: Chat get ready for Quiz part after the Answer.
Yuriy: 1. Zenfuse.io is not static anymore, we wrote a CMS around it, so now we can quickly modify the content of our website.
2. We have added several tabs, like: “About us” and “Partners”. Furthermore, we have changed a number of things on the main page and made it “more smooth”.
3. Since we have a CMS we now have the opportunity to add more languages, so expect our website to be translated to 10+ languages in a near future.
Danny | Crypto Revolution: Do you have different Community already than English one?
Yuriy: Yes, we have Korean, Russian, Turkish, Bangladesh, Brazil and Dutch communities as well.
Danny | Crypto Revolution: Oh nice. Do you have something like Ambassador program?
Yuriy: Not yet but it’s coming soon :)
Danny | Crypto Revolution: Thank you for the answers, Yuriy. Wow 1 hour passed.
Yuriy: Srsly, I didn’t noticed :D
Danny | Crypto Revolution: Yeah. Ready for Quiz part?
Yuriy: Always ready.
QUIZ PART
Question: What is the most wanted feature in Zenfuse for you guys?
Best answer: Social features.
Question: Have you guys ever used a trading platform before, and if you did so, which one?
Best answer: Blockfolio, Delta, Bituniverse, Coinstats, Tabtrader, Botee, Bitsgap, Traderbox and Nazca.
TELEGRAM QUESTIONS
Telegram User:
As the one platform with everything that a crypto trader needs, which Zenfuse features actually can’t be found on any other trading site? What are your exclusive features, and how is the user’s trading experience improved by that?
Yuriy: We differ from other trading platform with our simple user interface. No knowledge is required to start trading via Zenfuse.
Telegram User:
What is the difference between a trading platform and an exchange? :)
Yuriy: Trading platform allows to trade from multiple exchanges, or from multiple accounts on one exchange, which is not possible when you trade on 1 exchange only. It also saves a lot of time when you trade via Zenfuse, since you don’t have to spend a lot of time logging in on different exchanges.
Telegram User:
When we can expect the staking and have you though of the rewards system?
Yuriy: Q2 of 2021, if not earlier.
Telegram User:
Has Covid-19 affected the development of Zenfuse and what strategy does Zenfuse have to keep developing the Zenfuse platform in the midst of the pandemic that has hit?
Yuriy: Covid-19 actually accelerated our development since it’s nothing else to do besides work.
Telegram User:
Being listed in Giant Crypto exchange such as BINANCE OKEx KUCOIN etc. is a dream for all cryptocurrency project. Do you plan to listing on these exchange in near future or keep foccusing on build excelent product and attract more user’s?
Yuriy: We’re focused both on being listed on big exchanges and building an excellent product at the same time.
Telegram User:
What important milestones does ZENFUSE aim to achieve by the end of this year and in the future? How will it help you and how will ZENFUSE be successful in 2021 and beyond?
Yuriy: The biggest achievement for us will be to ship the MVP before the end of 2020, which is an impossible task since it was planned to be released at Q1 2021.
Telegram User:
There’s many potencial investor and crypto enthusiast comes from Korea, does ZENFUSE have Korean Community group so that can facilite us to get more closer and better knows with ZENFUSE project?
Yuriy: Yes, we have a Korean news channel and a community already. Zenfuse gazua!!!
Zenfuse Korea_Official News Channel / ?? ?? ????:
https://t.me/zenfuseKorea
Zenfuse Community in KakaoTalk / ?? ?? ???? (????)
https://open.kakao.com/o/gSrcoVxc
Telegram User:
Do you have a plan to attract non-crypto investors to Zenfuse? One could argue that the success of a project depends on attracting investors who have not yet entered the world of crypto. What plans do you have to raise awareness about Zenfuse outside the crypto space?
Yuriy: Yes. That’s why we partnered with European bank and working on our own crypto-processing to allow people to buy crypto for the first time.
Telegram User:
What is the panic button? How and when can I use it?
Yuriy: Panic-sell button will allow to sell all your coins to USDT/BTC/ETH instantly. Sometimes even a minute can save you a lot of money when the markets are crashing.
Telegram User:
What’s the uniqueness of your project that can not be found in other project that’s been released so far? give me 3 reasons why I should choose $ZENFUSE?
Yuriy: 1. Zenfuse is fast.
2. Zenfuse is sexy.
3. Zenfuse will protect you from a sudden market crash.
Telegram User:
Right now, Zenfuse can only be used as an early tester. Approximately, when the development will be completed and be released officially to all users?
Yuriy: Zenfuse will be open to public in February 2021.
Telegram User:
How will Zenfuse make trading easier and more profitable for both beginners and professionals? Is your platform intuitive? So that all users with or without a lot of knowledge can perform the same operations and equal the performance and benefits.
Yuriy: Zenfuse is easier than your microwave, we have the best talents in our team to make your user experience nice and smooth.
Telegram User:
Zenfuse has advanced trading orders, like ‘trailing stop-loss’ and ‘take profits’, the ‘panic sell’ button, among others. Are the easy to use? Do you have a tutorial for new traders to properly use them?
Yuriy: The features you mentioned are easy to use, but we’ll prepare a tutorial for each of them just in case.
Telegram User:
While you build your project, do you take into account community feedbacks and demands?
Yuriy: Yes, I’m in a group basically 24/7, community and their feedback is very important for us.
Telegram User:
All project’s coins/token have their main Utilities & real-life use! So, Can you tell us what the main role of your coin/token is in your ecosystem? Explain its Utilities & Real-Life use cases? and Why should i invest in your project for the long term?
Yuriy: The Zenfuse (ZEFU) token is the unit of exchange within the Zenfuse ecosystem. The primary use case of the ZEFU token is to gain access to the platform and enable all features. There are other use cases which are listed below:
Use Case 1 — Accessing the Zenfuse Platform
The user has to stake a certain amount of token to access the platform for the time period the tokens are staked. To unlock advanced features a certain amount of tokens need to be “settled”, “settled” tokens will be burned once a month and lead to a deflationary token ecosystem.
Here are all possible types of trading actions on the Zenfuse trading platform:
Buy or sell limit orders
Stop loss order, trailing stop loss order, market order
Panic Sell Button
Portfolio rebalance button
Copy orders from other traders
Use Case 2 — Purchase items from the Zenfuse App Store
Third-party developers can develop Zenfuse and API widgets which can be sold in the Zenfuse App Store. Developers may choose from a number of pricing models (such as free, one-time fee, subscription fee), set a price for their widgets, and receive payment in the form of ZEFU tokens.
Use Case 3 — Reward other users for their contributions
Zenfuse users can share trading strategies and produce content for other traders and investors. Users can ‘tip’ others by sending an amount of ZEFU tokens to thank them for their work.
Use Case 4 — Zenfuse Secure Gateway API usage
Third-party developers can create standalone cryptocurrency apps with the Zenfuse Secure Gateway public API. Users of these developed apps may be charged ZEFU tokens for premium features, subscription or in-app purchases.
Use Case 5 — Zenfuse Staking
Approximately twelve month after the launch of the platform, staking will become possible for users who used the platform at least three months in a row. To reward them for their loyalty, the tokens which they stake to access generate revenue. Staking as a means of loyalty not for speculation.
More information can be found in our Whitepaper: https://links.zenfuse.io/whitepaper.
Telegram User:
Zenfuse maybe is the first trading platform with its own app store, which is a very interesting idea. Besides widgets, what else will be available though this store?
Yuriy: Our AppStore will allow third-party developers to add more features to Zenfuse ecosystem, they will be able to create standalone apps, plugins or widgets or modify the existing ones.
CONCLUSION
Danny | Crypto Revolution: Okay thank you for your time, Yuriy. Final Words for Community before I open the chat? 2 hours. One of the longest AMAs for 2020. The best way to finish 2020.
Yuriy: 2020 was a tough year, but we’ve made it! I want to wish you guys to stay safe and to have a happy new year. Please join our lovely community @zenfuse_en and subscribe for updates on zenfuse.io.
For more information and future AMAs, join our Social Media channels:
Website: https://crypto-revolution.io
Telegram group: https://t.me/crypto_revolution1
Twitter: https://twitter.com/revolut20?s=09
Our Partner:
Website: https://zenfuse.io/
Telegram group: https://t.me/zenfuse_en
Twitter: https://twitter.com/zenfuse_io
