cryptodaily.io hosts an AMA with Forbitspace – the DEX super aggregator. #Forbitspace #Avalanche #AVAX #AVAXDaily #AMA
Cryptodaily Admin: Hello everyone and welcome back to another AMA with AvaxDaily! Hope you guys are having a quality time. I’m Daley and today I have here with me Mr. Menardo and Ms. Nina to talk about Forbitspace – the DEX super aggregator.
Welcome Mr. Menardo and Ms. Nina! How are you doing?
Ms. Nina: Hi Daley, thank you for your introduction. I’m Nina – CMO of Forbitspace. Thanks for having us here today
Cryptodaily Admin: Great to have you here with us!
Mr. Menardo: Hi guys
Cryptodaily Admin: Hi Mr. Menardo! You’re doing good?
Mr. Menardo: Yes, I’m great
Cryptodaily Admin: That’s great! So is everybody ready to start the AMA?
Ms. Nina: Of course yes! I cannot wait to start the AMA session with AVAX Daily
Q1: Please introduce yourself and the team behind Forbitspace!
Ms. Nina: Let me give you a brief introduction of CEO and Founder of Forbitspace, Mr. Baroda. Before entering the crypto space, he was an expert in marketing and market research. He’s been involved in the digital asset ecosystem since 2016 and worked with and advised a variety of blockchain projects.
When participating in some blockchain events in the Asian market, he saw a huge demand for the Blockchain space, especially the decentralized financial market. That’s one of the reasons he started Forbitspace.
And another Co-founder of Forbitspace is Mr. Menard. He is a financial strategist, fund manager, analyst, and currency trader. He has more than 9 years of experience in the financial market. He also participated in multiple trading and cryptocurrency events in Dubai, Thailand, Vietnam, Singapore, and Hongkong.
Most of the team members are located in Vietnam and the Philippines. We have trade and business teams in Thailand, the Philippines, and Singapore. We have more than 55 people working for Forbitspace at this moment and are still expanding!
Cryptodaily Admin: Thank you Nina for your introduction and I must say the Asian market is truly vibrant, especially in this cryptocurrency market. Having a professional team all around Asia like Forbitspace would definitely help with the expansion
Ms. Nina: Definitely, the Asian market has a lot of potential to develop DeFi and crypto fields
Q2. What is Forbitspace? Give us a little summary
Ms. Nina: The Forbitspace DEX Super Aggregator is an interoperability protocol that unites decentralized applications across disparate blockchains, simultaneously uniting liquidity across chains and making it possible to transact in, out, and across disparate networks with ease. The Forbitspace DEX Super Aggregator allows crypto traders to tap deep liquidity and receive better pricing with one single interface. Forbitspace DEX Super Aggregator employs a smart order routing algorithm named Spaceflight to source liquidity from different DEXs and thus offer users better token swap rates than they could get on any single DEX. Besides, Forbitspace is a multichain aggregation protocol and has officially lived on four main nets, including Ethereum, BNB Chain, Polygon, and Avalanche.
Q3. Why did you and your team decide to build a DEX Super Aggregator?
Ms. Nina: The reason we built a DEX aggregator is because DEX super aggregators are a key piece of the Defi ecosystem, where they solve the problem of finding the best prices across multiple DEXs. In today’s market of over 450 DEXs, if you want to make a transaction, you will either have to pay a lot of money or put in a lot of time. But DEX aggregators can solve these problems. And we realize many advantages that a DEX aggregator can bring to crypto traders, such as a deeper pool of liquidity or a better execution price using a DEX aggregator than on a single DEX, and so on
Q4. How does Forbitspace work?
Ms. Nina: Forbitspace DEX Super Aggregator sources liquidity from different DEXs and thus offers users better token swap rates than they could get on any single decentralized exchanges. Our DEX aggregator can optimize slippage, swap fees and token prices. Forbitspace uses Spaceflight algorithm smart order routing to split a single transaction into multiple orders across various DEXs, also route orders through and allow crypto traders to tap deep liquidity and receive better pricing, low cost & efficiency in the most of liquidity.
Q5. Is your platform audited or has another safeguard layer in security? How can you ensure users that your platform is safe to use?
Ms. Nina: That’s a really good question, Daley. I guess this is also what worries many people when using Dapps. But no need to worry about security when using Forbitspace DEX Super Aggregator. Forbitspace is a decentralized exchange and does not store your tokens. All trades on Forbitspace are peer-to-peer. You trade directly from your wallet and retain complete custody of your tokens throughout the entire process. Thus, the risk cases that happen to Forbitspace will not put your assets or personal information in danger.
Trading on Forbitspace DEX Super Aggregator is totally safe. To assure users of the project’s usability and security, Forbitspace brought in CertiK, a cybersecurity firm founded by Yale professors, to audit its code and activate CertiK Skynet, which is an on-chain security and data insights platform that provides 24/7 monitoring of our smart contracts. Hacken, one of the leading crypto audit companies, also participates in the audit of the Forbitspace protocol.
Cryptodaily Admin: Right on! and people can also check out their audit reports here:
https://github.com/Forbitspace/Forbitspace-audits
Q6. Where are you on your roadmap? What kind of features are planned to be launched?
Ms. Nina: We are currently busy with the launch of FBS on our IDO Flyby launchpad platform, and the development of other platforms including our NFTSpace Marketplace and forbitswap, an open-source DEX that operates under the AMM protocol. We aim to upgrade the Forbitspace version to optimize and improve the user experience and also plan to create a crypto wallet under the Forbitspace brand that will connect with decentralized exchanges. Moreover, Forbitspace will release Bridge Space, a Cross-chain Bridge, which allows users to swap tokens on different blockchains easily and conveniently. It also enables users to access the benefits of different blockchain technologies without choosing between platforms.
Cryptodaily Admin: So much in store for the future of Forbitspace. You guys are not just a plain aggregator but rather an entire ecosystem 🙌
Q7. Why does Forbitspace choose AVAX mainnet to support?
Ms. Nina: Avalanche is the fast and smart contracts platform in the blockchain industry, providing blazingly fast, low cost, and eco-friendly services. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
This is the token contract of FBS on Avalanche:
https://snowtrace.io/token/0xa953736904e23fafb42e353d4122420899999999
Q8. What is your token? And which mainnet does FBS token support? Also, how can users earn FBS tokens?
Ms. Nina: FBS is the token of Forbitspace. FBS token holders can use the Space DAO Governance to submit and vote on the network for the different risk parameter changes, improvements, and incentives that constitute the policies, and upgrades to governance itself.
The multi-chain protocol of Forbitspace includes a liquidity mining scheme that distributes a fixed amount of FBS tokens daily based on the liquidity each network participant provides on the Forbitspace or forbitswap protocols.
People can check out our sustainable tokenomics model in our whitepaper: https://Forbitspace.com/Forbitspace-whitepaper.pdf
Our FBS token runs on 5 mainnets, including ERC20, BEP20, Polygon, Avalanche, and Solana. You can earn free FBS through 2 activities, namely referral program and trading reward.
With Referral Program, one address will receive 9 FBS when successfully referring a new user to make a transaction on Forbitspace. And with Trading Reward, you can get a trading reward when you trade on Forbitspace.
On Flyby launchpad, we also have an IDO plan; you can purchase FBS at https://app.flybylaunchpad.com/.
Forbitspace also plans to do IEO on the most famous exchanges, you can join the IEO to buy our token. Furthermore, FBS can be purchased on top exchanges, where we will list FBS on, or decentralized exchanges (such as forbitswap, etc.)
Q10. Please tell us about the benefits and advantages of buying FBS tokens.
Ms. Nina: Users can use FBS to staking, pay for the platform service fee, for purchasing NFT, and liquidity mining. The FBS token holders can submit and vote on network governance proposals in futures protocol, exchange parameters, and protocol upgrades via a DAO structure. FBS token holders can participate in an auction with options such as Crowdsale, Dutch & Batch auction on IDO Flyby launchpad.
Please visit this website to learn more about our launchpad: https://flybylaunchpad.com/
Q11. Where else can we find out more about Forbitspace?
Ms. Nina: We are active on following social media channels. Kindly visit these URLs to learn more about Forbitspace DEX Super Aggregator:
Website: https://Forbitspace.com/
Discord: https://discord.gg/CnJqNa2wfG
Twitter: https://twitter.com/Forbitspace
Reddit: https://www.reddit.com/r/Forbitspace/
Telegram: https://t.me/Forbitspace
Medium: https://medium.com/@Forbitspace
Cryptodaily Admin: With this we are now at the end of our AMA session with Forbitspace🔥🔥🔥
Time for wrapping up, any last words you would like to say to our community?
Mr. Menardo: Thank you everyone!
Ms. Nina: Thank you so much for the questions, through them we can give you a clearer view on how Forbitspace DEX Super Aggregator works and how our protocol can optimize user experience when using our platform
Cryptodaily Admin: Thank you Forbitspace’s team for being here with the AvaxDaily community and introducing us to you guys! The level of support you’re showing here today is no joke 🦾 We would love to see you more in the future! Let’s get it 🔥
Have a wonderful day guys 👋
Ecosystem
Research
News Network
About