KuCoin AMA With Roobee (ROOBEE) — A Comprehensive Hub for Wallet Management, DCA, and Real-World Asset Products

Dear KuCoin Users,

Time: September 03, 2024, 12:00 PM - 1:06 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the Community Manager at Roobee, Nick, in the KuCoin Exchange 2nd Group.

Official Website: https://roobee.io/
Whitepaper: https://roobee.gitbook.io/roobee-eng

Follow Roobee on X, Discord and Telegram

Q: Could you briefly tell us about the Roobee project?

Nick: Of course! Let me give you a quick overview. First of all, it’s important to note that the Roobee project has been in the market for over 5 years. During this time, we’ve developed several key directions, including both centralized and decentralized solutions.

Currently, our main focus is on the decentralized solution, Roobee Finance. We’re building it as a comprehensive “hub” for our users, offering features like wallet tracking, token exchanges, DCA (Dollar-Cost Averaging) investing in cryptocurrencies, and RWA (Real-World Asset) products—all within one platform.

We’re also expanding Roobee Finance. As of now, the platform supports 15 blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum, with more to come.

In addition, we have Roobee DAO, where ROOBEE token holders can participate in voting on the project’s development.

For those interested in traditional markets, we offer a centralized platform where users can buy ETFs and participate in Pre-IPO.

Take a look at the image where all the key aspects of the project are highlighted.

Q: Why is Roobee paying so much attention to a decentralized solution and how has it affected your users and overall strategy?

Nick: We’re placing our bets on DeFi because we genuinely believe that decentralization represents the future of finance. Our goal is to create a comprehensive hub for users, where all DeFi features and tools are conveniently available in one place. We want to provide a seamless, all-in-one experience that empowers users to manage their assets, trade, invest, and participate in decentralized finance with ease.

What’s interesting is that we’re seeing a growing number of our users transition from our centralized product to our decentralized platform. This trend is particularly telling because, at one point, we assumed that people were primarily interested in more traditional financial products. However, time has proven that a significant shift is happening. Many of our users are now actively exploring and investing in DeFi products, signaling a broader movement towards decentralized finance.

This shift reflects a global trend, where more and more people are embracing DeFi solutions every day. We’re thrilled to be part of this evolution and to contribute to the growth and accessibility of decentralized finance worldwide. Our mission is to support this transition by providing the tools and infrastructure that make DeFi more approachable and usable for everyone.

Q: Can you tell us about the major updates Roobee has made since the beginning of the year?

Nick: A lot of work has been done since the start of the year. We’ve implemented several updates to the Roobee platform, enhancing its functionality and providing greater security for our users.

The key updates include:

- We’ve added a variety of new assets to the decentralized part of the Roobee platform.

- Introduced support for Real-World Assets (RWA).

- Added new blockchains, with the most recent being the Blast network.

- Significantly improved the DCA module.

- Made some enhancements to the marketplace.

It’s also worth mentioning that we’ve attracted new users and significantly grown our community.

Q: Among your recent updates and developments, what would you like to highlight and discuss in more detail with the AMA participants?

Nick: We’d like to highlight two key features: our decentralized DCA module and the updated Roobee Marketplace.

Roobee DCA Module DCA (Dollar-Cost Averaging) is a strategy where an asset is purchased regularly for a fixed amount, regardless of its current price. Our DCA module allows users to automate this process by setting up periodic cryptocurrency purchases at a chosen frequency (daily, weekly, monthly). It’s an ideal solution for long-term investors looking to steadily build their positions.

Roobee Marketplace We’ve also enhanced the marketplace by adding a cart feature, where users can select multiple assets and purchase them with a single click. This simplifies the exchange process and makes it more convenient, especially for those who want to exchange for multiple tokens in one go.

These features have been particularly popular among our users. It's also worth noting that these functions are supported across multiple networks on Roobee Finance.

Q: What new products or features are planned for launch in the near future?

Nick: In the near future, we are focused on several key areas that will significantly expand the capabilities of the Roobee platform and offer our users new investment tools.

Introduction of New RWA Products

We are actively working on the implementation of new investment products based on Real-World Assets (RWA).

Integration of New Blockchains

We are also working on integrating new blockchains into our platform. Currently, Roobee Finance supports 15 blockchains, including networks such as Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and others. Soon, we plan to expand this list by adding support for new, promising blockchains.

Scaling and Adding Features to All Supported Blockchains

We are also focusing on scaling and ensuring that all our developments and features are available across all blockchains supported by the Roobee Finance platform. This includes integrating the DCA module, marketplace, and other key features so that users can enjoy a complete experience, regardless of the network they choose to work with.

These plans are aimed at making Roobee an even more versatile and user-friendly platform, regardless of the network our users prefer to work with.

Q: What measures are taken to ensure the security of user funds on the Roobee platform?


Nick: We take security very seriously. Security is our top priority. We use advanced technologies to protect user data and funds. Our smart contracts undergo rigorous internal audits and reviews, and all transactions on the platform are transparent and available for inspection.

Q: How does Roobee plan to develop in the growing competition?

Nick: At Roobee, we see competition as a chance to grow and improve our platform. Here's how we plan to stay ahead of the competition:

1. Expanding Supported Assets

We are expanding our asset mix to include more cryptocurrencies, real-world assets (RWAs) and other investment options. This helps users create diverse and balanced portfolios

2. Launching new investment products

We are introducing new investment tools, including our DCA (dollar cost averaging) module and other advanced features.

3. Forming new partnerships

We seek partnerships with market leaders to improve our platform or ecosystem and expand our market reach

4. Improving User Experience

We aim to improve the user experience through improved interface and adding new features

These strategies ensure that Roobee remains competitive and continues to offer our users valuable and new solutions

Q: I think many of our users are interested in the applications of the ROOBEE token. Could you tell us more about it?

Nick: Of course! The integration of the ROOBEE token into the Roobee ecosystem includes several key aspects:

Reduced Fees:

ROOBEE token holders can enjoy reduced fees when conducting transactions on the platform, as well as reduced fees in the DCA module.

Priority Access to Pre-IPO Products:

ROOBEE token holders receive priority access to new investment products and opportunities in the centralized part of the platform.

Voting:

ROOBEE token holders can participate in voting on the Roobee DAO.

NFT Opportunities:

ROOBEE tokens can be used to obtain unique NFTs, which may provide additional benefits and opportunities on the platform in the future.

Additionally, the ROOBEE token contract is deployed on multiple blockchains. This allows users to choose the most convenient network for them and take full advantage of the Roobee ecosystem.

The token can also be used in various activities from our partners when they take place.

We plan to add more benefits for ROOBEE token holders in the future

Q: And my last question: what is your main challenge right now?

Nick: Our main challenge is effective scaling and attracting more users to our products. We are actively working on developing directions such as RWA and DeFi, and we aim to deploy our developments across all supported networks. This requires coordinating many tasks and resources, but we are confident that we can successfully manage this thanks to our experience and well-thought-out strategy.

Stay tuned for more announcements in the next six months!

Q: Staking program is very important for any project. Can I stake $ROOBEE token? Do you have any plan of starting staking program?

Nick: Yes, we have a Staking program for $ROOBEE tokens that is hosted on the Roobee DAO platform. There is currently no standard yield for Staking, but we periodically run various campaigns where users can earn yield for Staking their tokens.

In addition to Staking, members can participate in voting and influence decisions within the Roobee ecosystem.

Keep an eye on our updates so you don't miss out on future reward opportunities.

Q: Staking and NFTs are currently trending! Will you consider implementing NFT technology in your future products?

Nick: Yes, NFT has become an integral technology in almost every project. And we have been supporting it for four years now. This year we released a gem collection based on Scroll. Look forward to more collaborations to be announced!

If we talk about technology, we will improve our mechanism of accounting of trading positions with the help of the NFT stack.

Q: IMPORTANT QUESTION? Audit is important for both trust and security. Have you done any audit of smart contract?

Nick: Yes, we understand the importance of audits for trust and security.

We conduct continuous internal reviews to address any emerging threats. Security is a top priority for us, and we are committed to maintaining a safe environment for our users on Roobee Finance.

We also use quite a bit of open source code that has already been audited and time-tested.

Q: What is your top 3 things for priorities in 2024? Could you share some plans for the upcoming year?

Nick: In brief:

- Scaling our products to blockchains that are already integrated

- Working on RWA products

- Improving and adding new assets to Roobee's DCA module

- New NFT collections, like our Scroll collab this year

- A little insider, probably just for AMA, that we are working on creating an L2 solution for RWA assets.

Q: What plans does Roobee have to integrate traditional financial products with DeFi solutions in the near future?

Nick: We can't announce all the plans. But I can answer this: that we will add more RWA products to the decentralized part. What we said earlier in our plans, I think our users will well appreciate the new integrations and partnerships.

🎁 Participate in the Roobee AMA quiz now for a chance to win 27,615 ROOBEE.

The form will remain open for five days from publishing this AMA recap.

KuCoin and Roobee have prepared a total of 5,420,000 ROOBEE to give away to AMA participants.

1. Pre-AMA activity: 2,140,400 ROOBEE

2. Free-ask section: 128,500 ROOBEE

3. Flash mini-game: 1,080,000 ROOBEE

4. Post-AMA quiz: 2,071,100 ROOBEE

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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