Blockchain Bus AMA: 99EX: The dark horse exchange with the highest traffic in 2020

Blockchain Bus launched an online live broadcast section in mid-to-late July 2020 - Blockchain Bus Says, regularly inviting industry bigwigs, technical experts, and positive energy figures to share in the community, empower the industry, and convey positive energy to the industry.

The guest speaker invited in this issue of "Blockchain Bus Talk" is Victor, partner of 99Ex, a serial entrepreneur with more than ten years of rich experience in the investment field. He is a far-sighted and detail-oriented action-oriented person.

[The following is the live broadcast content]

2020 is a bleak year for the cryptocurrency industry. The market is in a cold winter, many investors have left the market, and many exchanges have collapsed. In this situation, dark horses often emerge. In the continuous innovation and breakthrough, 99EX has stood out. As a cloud exchange of OKEx, it has more than one million users since its registration. It is currently one of the top 30 digital asset trading platforms in the world. Today, Blockchain Bus invited Victor, a partner of 99EX, to share with us about "99EX-the dark horse exchange with the highest traffic in 2020".

Host: 99Ex has been very popular in the cryptocurrency circle recently. Can Victor give us a brief introduction to 99Ex?

Victor : First of all, 99Ex is a multilingual innovative digital asset trading platform based on the application of blockchain technology. It is strategically invested by OKEx, Ke Yin Capital, Lianlian Capital, and Lianxing Capital. Our core team are all professionals from the financial and investment fields.

99Ex is also the most famous open exchange of OKEx, the world's top digital asset exchange. Relying on the rich experience accumulated by OKEx in the field of digital asset trading over the years, including matching systems, counter systems, hot and cold wallet systems, funds clearing systems, global multi-language customer service capabilities, global customer identity identification and anti-money laundering systems, it provides users with safe, stable and reliable digital asset trading services.

99Ex is also one of the top 30 exchanges in the world. We currently have over 1 million registered users and over 200,000 daily trading users. We have obtained the US MSB license. This year, we also invested in and incubated the mining pool ecosystem 99Pool. In just over half a year since its launch, the total number of mining users has exceeded 1 million, making it another platform with one million users after 99Ex.

Host: As one of the open exchanges of OKEx, why did 99Ex choose to cooperate with OKEx instead of developing an independent exchange on its own?

Victor : First of all, the reason why a digital asset trading platform is so popular among users is due to the liquidity, carrying capacity and security of its entire trading system. If it is a cutting-edge exchange, it must have no depth and liquidity, and it cannot provide users with the ultimate trading experience.

On the contrary, 99Ex chose to cooperate with OKEx and become its open exchange, precisely because as an open exchange, 99Ex can share OKEx's 24 million trading users. OKEx users can log in to 99Ex directly without registration, and users can also share OKEx's trading depth and liquidity. In addition, 99Ex is also based on OKEx's 6-year average daily transaction of tens of billions of US dollars in security technology guarantees, and has a simple trading interface, making user transactions convenient and fast. Only in this way can we provide users with safe, stable and reliable digital asset trading services.

Host: We know that the competition between new and old exchanges is very fierce. How does 99Ex stand out among the emerging exchanges?

Victor : Yes, the competition among exchanges is indeed very fierce. In addition, 2020 is the third halving of BTC. Many people are optimistic about the bull market brought about by the halving of BTC, but the market is not satisfactory. The traditional trading business of major exchanges has been repeatedly blocked, and the market competition is fierce. It is very difficult to break through.

Although "contracts" have become a standard feature of every exchange, it is indeed difficult for ordinary investors to profit from them. The concept of 99Ex since its establishment has always been to allow ordinary users to enjoy the dividends of digital currencies. At the same time, 99Ex is also an "innovative" exchange, which has always broken through the service limitations of digital currency exchanges and made truly innovative products in the blockchain industry. Therefore, 99Ex invested in and incubated 99Pool, a small investment, low-risk, high-yield mining pool platform, and it may be the earliest exchange to lay out the mining pool ecosystem. It can be said to be an evangelist for the mining pool industry.

With 99Pool's multi-form mining, users can pledge the mining income in the mining pool and manage their wealth to increase their wealth. By fully connecting with the 99Ex exchange, they can trade anytime and anywhere and obtain cash flow, forming a super ecosystem of "mining-asset management-trading", which successfully helped 99Ex break out from many exchanges.

Host: As a dark horse among exchanges, what kind of ecosystem has 99Ex laid out in 2020?

Victor : Speaking of 99Ex's strategic layout, we have to mention 99Pool again. As 99Ex's blockbuster product this year, it carries the mission of 99Ex to move forward against the wind. 99Pool has created a variety of mining methods. Cloud mining machine mining, pledge mining, financial mining, transaction mining, task mining, advertising mining and many other methods, through this task method, users can increase stickiness and aggregate on the 99Pool platform.

Secondly, we have also successfully laid out the DeFi field this year. 99Ex strictly selects some DeFi projects that are highly recognized in the cryptocurrency circle to provide to the majority of users for investment, effectively controls the service quality of transactions, and provides high-quality services to the majority of users.

For example, COMP, the Compound platform, which has been launched, is an open source protocol on Ethereum. It provides an algorithmically determined and efficient money market. It can be regarded as the currency base or Yu'ebao in the digital currency world. It is also currently recognized as a star DeFi project.

99Ex has currently launched a variety of DeFi tokens such as COMP, BTM, KNC, BNT, etc. for users to invest and communicate.

Finally, 99Ex IPFS is also being planned, but we cannot reveal too much at the moment, so please stay tuned!

Host: Does 99Ex have any innovative strategies for acquiring traffic?

Victor : 99Ex mainly relies on 99Pool for traffic acquisition. 99Pool has already had millions of users in just half a year since its launch, and is still maintaining rapid growth. 99Ex has been fully connected with 99Pool, and 99Pool's steady traffic is imported into 99Ex, forming a super traffic ecosystem of "mining-asset management-trading".

In addition, 99Ex’s heavily upgraded Space Station this year is Space Station X, and a special screening team has been set up for this purpose. By strictly screening high-quality projects based on the background of the project, ecological construction, etc., as well as the pre-market price limit trading mechanism, it provides users with low-cost investment opportunities. In this way, it provides users with high-quality projects and improves 99Ex’s industry reputation.

Host: I heard that the NT token of 99Pool has seen a gratifying increase this year. How is 99Pool planned and constructed?

Victor : 99Pool's ecological token is called NT. NT construction is the most important part of the entire 99 ecosystem. 99Pool has created multiple scenarios to maintain the development of the NT ecosystem - the arena. 99Pool provides some corresponding digital currency gameplay, such as dark reverse shooting, long-short PK, lucky treasure hunt, etc., which allows all users of the mining pool to use NT to play some small games, forming an internal cycle and ecological stickiness, so that NT does not enter the secondary market and can be circulated in 99Pool.

At present, the circulation of our NT is about 10 million, and today we have started the first reduction of NT. After that, the personal output ratio will be reduced by 20% every quarter, and the initial flexible adjustment will be made at any time according to the market circulation. And the first destruction of NT has also been put on the agenda. 20% of the current total amount of NT will be destroyed every quarter. 50% of the income from the withdrawal fee in the 99Pool APP will be distributed to users and super nodes in proportion according to the incentive plan, and the remaining 50% will be used as platform income. In the later stage, it will be uniformly publicized and destroyed according to the rules and destruction process. The destruction method will also be carried out flexibly with the later APP function development to ensure the maximization of NT value.

Host: Does 99Pool have any suggestions for miners who want to enter the market? What should they pay attention to when choosing a mining platform?

Victor : For 99Pool, my advice to the majority of miners is to enter the market quickly. At present, 99Pool has not started recruiting city partners, but it has been put on the agenda. After the global partner recruitment is completed, the user volume of 99Pool will have a qualitative leap, and the ecological value will become higher and higher. At the same time, we will destroy NT every quarter to ensure the maximum value of NT. Therefore, it is not too late to choose 99Pool now.

For miners who want to enter the market, they may not know much about the mining platform and may be afraid of falling into traps if they enter the market blindly. Here I will briefly tell you a few things you need to pay attention to. 1. Is the asset safe?

2. Is there a withdrawal threshold?

3. The profitability of the mining pool.

99Pool, as a mining pool platform incubated by 99Ex, always puts asset security first and has the same security technology foundation as OKEx, so 99Pool assets are absolutely safe. In addition, 99Pool has an extremely low withdrawal threshold, and you can withdraw money without investing any money. The mining pool benefits are recognized by users as high returns.

Host: What is 99Ex's ultimate goal in the exchange sector? What plans have you made to achieve this goal?

Victor : 99Ex's goal has always been to build a multilingual innovative digital asset trading platform to provide users with safe, stable and reliable digital asset trading services. 99Pool, as an important traffic entrance for the 99Ex ecosystem, will be fully connected with 99Ex. Users can quickly trade assets in 99Pool on 99Ex, providing users with a one-stop service of mining-asset management-trading. By making 99pool the first platform for blockchain advertising value sharing and digital asset management, and helping 99Ex become a global first-tier digital asset trading platform, 99Ex will also further select and empower high-quality global blockchain projects, integrate global resources, and continue to promote compliance work, global operations and overseas market development. Finally, we achieved an IPO.

In the future, we will focus on the following aspects to build 99 into a first-tier trading platform:

A. Innovative products. Only by continuously launching good products and innovating more ways to play, and truly benefiting and making users happy, can we attract users. For example, our cloud mining machine will never be without participants.

B. Ecosystem construction. Both hardware and software companies are building their own ecosystems, hoping to provide users with more application services and retain more users through the ecosystem. We have formed our own 99 ecosystem.

C. User service: On the one hand, we need to provide users with 7*24 hours of professional customer service; on the other hand, we need to provide users with one-stop services such as products, transactions, community, and information.

Therefore, by making good products and services with heart, we believe that this circle will be reshuffled one day, and 99Ex will soon break through the siege and become one of the top exchanges.

This is the end of our live interview. Thank you Victor for your wonderful sharing, which has benefited me a lot. The road to breaking through for the exchange is not easy. 99Ex has made a lot of efforts to reach its current position. We look forward to the future development of 99Ex and whether it will give everyone a surprise!

Thanks to the following media for their support: