The most desirable questions on the eve of SIMDAQ Platform launch
Tags: Bitcoin

Live Q&A session with Eugene Dubovoi, CEO and founder at SIMDAQ took place on 27 August in SIMDAQ Telegram group. The CEO is the organization’s highest-ranking executive who plans and implements strategies that will impact the overall direction of the business.

Different questions were asked to get a sense of how style and priorities will affect SIMDAQ product and its customers perspectives.

What is the current status of the project and when is the first release date?

“I know it is something we are excited about and we are waiting for it impatiently! Right now, team of 12 software developers is working on final integration testing, so the launch is the matter of few days. We’ll make sure and polish everything during this week and we aim to make a final launch next week. We just want everything to work as we designed!

We will start massive advertising after the product launch to attract users to the platform and buyers to exchanges because users will purchase SMQ cheaper. The idea was to set the price at 2.5 USD per token, but probably start price will be 1 USD per token and raise of the price later. It will allow us to create significant reason for new customers to look for tokens on exchanges”

When exactly do you plan to list on Tidex and what are the plans for other exchanges?

“We’ve prepared all the documents for Tidex and we are making sure that our trading bots are working fine with their API. We believe that we should be listed by the end of this week or next week. We are also in touch with bigger exchanges like Huobi and Okex. We’ve unofficially met their representatives in Korea this month and demonstrated the product. They all see the benefit for their main business in terms of onboarding clients and increasing trading frequency of existing ones. So, we believe that after the product launches we’ll have a pretty strong position to negotiate listing terms.”

What is the project roadmap and when are you going to have trading bots available?

“Right now, we are releasing trading simulator wrapped into lessons and exercises. It is packed with gamification mechanics and it lets users to earn experience and SMQ right on the platform trading there. The next step is trading algorithm builder which will be released by the end of the year. Everyone will build trading algorithms and share them. Then we’ll go for integrations with exchanges for pushing orders from our platform directly to exchange.

Moreover, launch of algorithm builder will be a start for creating our internal marketplace of content created by the community. Trading signals will be a major part of content for marketplace, but many other types will also be available.”

If I purchased SMQ from ICO, how will I start using it when the product comes live?

“SMQ tokens are blood of our platform. Token economy is integrated in all systems. Initially tokens will allow you to unlock unavailable features for simulator, unlock premium content and bet your SMQ in “SMQ trading” regime, where you can win more tokens if your simulation session is profitable and lose them if it isn’t. After the second release users will get new opportunities for spending SMQ for algorithm building and back testing. After the launch of marketplace SMQ will be needed to consume, create and promote your content.”

How much will be a trading bot? Can we connect external signals to the bot of Simdaq in future?

“Right now, we are creating a system to help us to evaluate the price based on amount of calculations required to run it. I believe running a bot will start from about 10 USD per day. According providing signals there is still no strong leader. But once we have one we’ll be able to integrate. “

Do you think the Crypto space has just started and your platform can grow in parallel with it? What are your plans going forward?

“We are aware of all other projects of our market, but still there is no strong leader who could claim the market. So, we are more focused to execute our roadmap properly.”

Will you have special loyal customer bonus system?

“We have something special that we call SMQ trading. Basically, this allows you to bet your SMQ to the initial balance of your simulation session and if you win at the end of session you win more tokens. And we will implement some bonuses depending on how much SMQ there is on your balance. I’ll transfer this info to our product manager to think about it.”

Being transparent with your customers is so crucial to succeeding in business today. You get what you give. We all are excited about the fact that SIMDAQ platform is running in few days! So soon there will be a story of successful business in a way that highlights our customers’ achievements!