Thanks to all for participating in our AMA with b-cube.ai. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.
Manpreet – Hello community
Today we’ve Guruprasad Venkatesha (CO-FOUNDER & CEO) from b-cube.ai
Hey Guruprasad Venkatesha, how have you been?
Guruprasad – Hello Manpreet Nice to meet your community and glad to be here!!
I am doing great, thanks. How about you ?
Manpreet – It’s good, thanks for asking 😊
It’s our pleasure to have you here today for the AMA ☺️
Guruprasad – Glad to hear that! 🙂
Manpreet – Shall we proceed with the AMA?
Guruprasad – Yes sure!
Manpreet – Please introduce yourself
Guruprasad – Ok. So my name is Guruprasad, but you can call me “Guru”, I am the CEO & Co-Founder of b-cube.ai
My background is from Stock markets when I built my startup from the scratch and sold it even before finishing my engineering. I studied Industrial Engineering & Management. Worked at Morgan Stanley as Investment Analyst & Trader. Then was looking for an adventure when I found BTC. Initially thought it to be a scam but took some time to understand Blockchain technology but it was in 2016 when myself, family and friends lost 120k Euros in scam ICO then we thought of creating a efficient financial product for Crypto trading. My friend whom I met in Paris in a yoga workshop became my co-founder who is an expert in AI and then is history.
Manpreet – Your early age involvement is impressive 💯
Guruprasad – Thank you!
Manpreet – Now, could you please give an introduction of b-cube.ai
Guruprasad – B-CUBE.AI is The Ultimate All-in-one AI-driven Platform for Crypto Traders
We can summarize what we are currently doing and our future plans in 5 simple points:
— Trading on autopilot for CEX & DEX, cutting-edge DeFI solutions
— In-house strategies using AI/ML dynamically adapting to the market
— Marketplace of premium quality Crypto Trading Signals & Bots
— Build your own AI/ML bot on top of our already working strategies
— Educational courses, webinars, community & consultancy
We have a product live for the last one year with hundreds of happy clients, now after fund raising we will be developing more advanced tools to simplify the trader’s life!
Manpreet – Great 🙌
Could you please tell us what type of features will advanced tools have?
Guruprasad – First of all, we will have advanced bot based on Reinforcement learning, ensemble learning and ANN based models which will have great predictive power than the models that we have or in the market right now. We have huge technological advance against any of our competitors and with these upgrades we will reach the pinnacle of success.
Other tools include on-chain analysis data, sentiment analysis data & bots for DEX to have capability of trading in flash loans
Manpreet – It will be pretty helpful
Q1. Regulation is very important. Projects are closed in many countries for failing to use proper regulations and permits. To be worldwide; how do you handle this problem?
Guruprasad – Very good question!!
The first thing that we did before starting the project was to contact AMF which is SEC of France to know if our business is regulated or not. They said no, then after we launched the product to public, we went back again to them to get answer to the same question. They gave it in writing (via email) that we do not need any licence for the bots business. But we never know how the future will look like as we are not astrologers 😄 so we are applying for DASP licence in next two months to get regulated as a Crypto company. DASP means Digital Asset Service Provider. This is an optional licence asof now but we never know when laws can change so we will have it before it becomes a mandatory stuff.
Q2. The listing on 30th will be uniswap v2?
Guruprasad – Yes, listing will be on Uniswap v2
In case if we plan to make it on v3 then we will keep the community updated well in advance.
Q3. I see there is many big investors such as Ripple, AAVE,… Do you get additional support from them, or only receiving the fund?
Guruprasad – First of all, I would like to correct here that AAVE or RIPPLE are not our investors but Managing Director of RIPPLE is our investor and Head of Institutional Business is our investor.
Going forward we are building many DeFi related products where our angel investor will help us to make products with AAVE and we have similar thing in mind when it comes to Ripple’s Managing director also.
Q4. I guess both questions are FOMO related as the other is. If we pay USDT there seems to be an authorisation requirement on your side (as mentioned in the video). Is the transaction guaranteed or is there a risk that ETH buyers can claim those tokens during that period?
Guruprasad – Hmm, I think there is some confusion as paying with ETH or USDT is the same. There is no such thing that ETH will give them edge over paying in USDT.
Q5. Currently the Crypto market is experiencing a very sharp downward trend, will Bcubeai be able to maintain the market price so it doesn’t collapse? What schemes do you use to maintain it?
Guruprasad – Good question. Actually downtrend is very good for BCUBE as we can show the technological advances during these times in the performance of our new bots that will hit the market very soon. This will be accessible only for those who have BCUBE Tokens. Our business model is simple – Buy a minimum of $1000 worth of BCUBE tokens and stake it on our platform to get bots for free. Staking of tokens to get bots for free will get active in two months and after that we will see the prices of tokens skyrocketing so I do not see any threat from the market downtrend, even if the price of the coin dips then that is only temporary.
Q1. How do you guarantee us the safety of our funds and data, many project despite promising utmost security, still get hacked and rugpull, how will you prevent such?
Guruprasad – First of all, I was myself a victim of scam which motivated me to start B-CUBE.AI so I know the importance of your question.
We are among the 17 hottest startup according to Forbes Magazine
We are not those rug pull types but Unicorn type
We have a product ready and revenues. So you are safe with $BCUBE.
Q2. Any details on where we can buy tokens and possible listings in future?
Guruprasad – We might list on a CEX by end of this year. It will be a top 10 exchange for sure if that happens.
Q3. How long has your project being in existence and what are the challenges you have faced since then?
Guruprasad – R&D was started in 2018 April, product was tested in 2019 October and was available to public in 2020 March.
Challenges were getting the right algorithms because this whole work os R&D and everything takes time, sometimes we get great success and sometimes we have to struggle.
Read whitepaper as all the details are inside (https://ico.b-cube.ai/landing/files/b-cube-white-paper.pdf)
Q4. The NFT is ideal to provide you with copyright and differences to each product, but after you buy the product, how useful will the NFT really be? just leave it in my wallet?
Guruprasad – We are not a NFT project but looks like you are bot but that’s ok 😄
Q5. Without an working products any idea has zero value. We see many projects are on paper only and no product. So, kindly ensure us that your project is just not an idea and it’s already has an working products or practical use cases?
Guruprasad – We already have working product and $30k+ monthly revenues.
Q6. Currently, Where can I buy your token? Is it listed any CEX or DEX?
Guruprasad – Uniswap on 30th May 2021 at 15:30 CEST
Q7. At this moment, which one the most Necessary for your project:
Guruprasad – Community.
Q8. Are your team planning to launch an LP reward program in the future, which will also be followed by the bug bounty program?
Guruprasad – Yes, we will be offering LP rewards of 20-30% APR for staking.
Q9. Do you have or plan to have a partnership or to attract investment from the HEDGE FUNDS & INSTITUTIONAL INVESTORS ?
Guruprasad – We have many contacts but we will serve the common man now and make them rich before getting on to institutional side of the business.
Q10. I would appreciate it if you could share the next updates with us. What is the most ambitious goal of the project? What should the community look for?
Guruprasad – To make all our clients as wealthy as possible both in terms of bots earning them money and also the tokens rising in prices.
Q11. Do you agree with everyone that community is everything? How important is the community to you? How can we cooperate and help you to develop a project
Guruprasad – No community = no project
Thank you Guruprasad Venkatesha (CO-FOUNDER & CEO) and Community for participating in the AMA. Have a nice day.