Bityard News Update — Interview with Marketing Director

Lukas Wiesflecker
Mar 23 · 4 min read

Thank you for taking the time. Today I get to ask you a few questions about your crypto platform. I’m really looking forward to it.

What do you think of the current price trends in the crypto market?

Bitcoin is still the mainstream in the future, but it is worth noting in the DEFI section. This year, CoinAid is vigorously promoting the BSC products, which also brings new customers to the market. On the other hand, BITYARD is going to launch many new products in the second half of the year, such as sustainable contracts, more spot trading pairs, and various events, airdrops, trading contests, and cooperation with project parties…etc. We are also looking forward to them!

Michael, you are the Marketing Director of Bityard. Can you briefly tell us some general data about Bityard?

Bitcoin is still the mainstream in the future, but it is worth noting in the DEFI section. This year, CoinAid is vigorously promoting the BSC products, which also brings new customers to the market. On the other hand, BITYARD is going to launch many new products in the second half of the year, such as sustainable contracts, more spot trading pairs, and various events, airdrops, trading contests, and cooperation with project parties…etc. We are also looking forward to them!

For beginners, you offer contract trading and spot trading. What is the difference?

We still recommend new traders to start from the spot market, because they must understand the spot market before they can start trading contracts and have a higher chance of winning. Of course, our platform is different from other platforms in that we are a comprehensive platform that solves the difficulties of traders and is not a pure contract exchange that is difficult for newcomers to enter.

What makes Bityard special? Why would someone choose Bityard and not Bitmex?

We still recommend new traders to start from the spot market, because they must understand the spot market before they can start trading contracts and have a higher chance of winning. Of course, our platform is different from other platforms in that we are a comprehensive platform that solves the difficulties of traders and is not a pure contract exchange that is difficult for newcomers to enter.

Can you tell us more about the Bityard affiliate system and how it works?

We are in the process of upgrading to multiple tiers, currently we are offering up to 40% commission level for our agents, but of course we can negotiate higher commissions for our national partners, or special KOLs like video hosts and bloggers. After the implementation of multi-level agency, it can create more solid relationship between agents and users, and agents can also get more commissions through multi-level agency system, which is different from other exchanges. For example, if I invite you today, and you invite your friend, you will be able to get commissions from both of them for the rest of your life, instead of just one level of relationship. I believe that in April, we will be able to have more agents and teams join us!

A security question. How secure is Bityard against stealing funds? How does Bityard protect itself from this, and how do you protect the users?

BITYARD uses its own developed multi-layer technology wallet function to ensure the safety of user’s assets and cooperates with Coin Security on spot to protect user’s own assets in terms of technology and information security.

What and how high are the transaction fees on the platform? Are they high or low compared to the competition?

At present, our total handling fee for contract trading is 0.01%, which is the same or lower than other competitors if we don’t take into account other preferences, while for spot trading we are 0.2%. The most special thing is our derivatives handling fee, as low as 0.05%. I think there is only one derivatives product in the market that has low spreads and low handling fee.

Let’s now talk about your new Copy Trading feature. Why did you introduce it?

I think it is from ETORO that order trading became popular, and we have followed the development and implementation of this product in the cryptocurrency market. This shows that our order following system is creating more opportunities for users to make profits. We also continue to optimize the ranking system, sorting system, etc. so that users can find quality order takers more quickly.

What other new features will there be at Bityard this year? Can you reveal anything to us?

Our plans for the second half of the year are as follows. If the epidemic subsides, we will start to do some roadshows in Southeast Asia and have more face-to-face communication with our agents. In terms of products, our BYD platform coins will be available to everyone initially, so please look forward to it.
Other products
1. We will optimize our mining system so that users can get more benefits every day.
2. We will add a sustainable contract system
3. We will launch the products of spot and contract grid trading
4. More trading tournaments, project side airdrops, and position reversal systems will be launched

Thank you for the interview Michael. I look forward to the future and wish you the best!

I share more intimate thoughts in a monthly newsletter that you can check out here. Please let me know in a comment, and let’s build your crypto universe via Patreon. Join me on various social media platforms:

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Lukas Wiesflecker

Written by

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! Whatever you do, do it with love and passion!

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Lukas Wiesflecker

Written by

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! Whatever you do, do it with love and passion!

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

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