KuCoin AMA With Roobee (ROOBEE) — Your Companion In The World Of DeFi

Dear KuCoin Users,

Time: January 15, 2024, 12:00 PM- 1:00 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the Community Manager of Roobee, Nick, in the KuCoin Exchange Group.

Official Website: https://roobee.io

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

Nick: Allow me to briefly tell you about the project.

We have several products and directions we are working on, including a centralized product, a decentralized product, and Roobee DAO.

Currently, our focus is on the decentralized direction and scaling Roobee Finance. We are building Roobee Finance to serve as a kind of hub for our users, providing everything in one place.

Users can already track wallet statistics, make exchanges on EVM 14 networks, and access other DeFi features. We strive to scale all our products across networks supported by the decentralized part. We already have several interesting products that users can use in most networks, such as the Marketplace section where users can buy cryptocurrency in a few clicks. Additionally, we've added the ability for users to invest in cryptocurrency using the DCA strategy. Users only need to set up their cryptocurrency purchase once and choose an investment strategy; our contracts will take care of the rest. Over time, you can enjoy the results.

We also have a few other products, namely Roobee DAO. Token holders can participate in the project's development through voting.

In addition to DAO, we have a centralized solution that allows users to buy ETFs on the traditional market and participate in Pre-IPO. In other words, the tokenized RWA.

Q: You mentioned that you have an RWA line of business, can you tell us more about the products and possibly future updates related to RWA?

Nick: Yes, of course. Our centralized platform has been on the market since 2019. We provide users with the ability to purchase traditional market products, namely ETFs on various sectors, as well as the ability to participate in Pre-IPO campaigns. For example, users on Roobee's centralized platform could participate in Pre-IPOs of companies such as: Airbnb, Robinhood, Diamond Foundry, InVisio, and others.

Now we are planning to integrate some RWA products on our decentralized platform. We see great prospects in this direction and hope that our users will like what we have in store for them.

Q: Many here are quite curious about how ROOBEE functions as a utility token for the network. What benefits does it bring to both the fund and the owners? Are there any reward mechanisms for holding, and what are the long-term advantages for ROOBEE holders?

Nick: Regarding the token's use, it is currently involved in several areas:

On the centralized product: Users can access Pre-IPO products without waiting in line. Additionally, the token is used to provide users with a commission discount.

Concerning our decentralized products:

Token holders can create proposals and vote on Roobee DAO. Through voting, users make decisions in the project's development. Also, ROOBEE token holders receive fee discounts for using our platform products. For instance, a user will have a commission discount when using the DCA module.

In addition to the fee discounts, the token's application will be implemented in the WEB3 functions of the platform.

We are also considering taking a small amount in ROOBEE for integrating projects. ROOBEE tokens obtained in this way will be sent directly to the DAO treasury for distribution to users participating in voting on Roobee DAO.

Q: What real problem is your project trying to solve?

Nick: We believe there is currently a high entry barrier for investing in traditional market products, including IPOs, as well as utilizing DeFi.

We aim to provide every user with the opportunity to start investing in just a few clicks with a minimal entry threshold. Whether it's ETFs for companies operating in the marijuana industry (a traditional market product) or the first purchase of cryptocurrencies (BTC, ETH, etc.), we strive to make investing an easy step in everyone's life.

Q: Tell us about your plans for the future. What releases are in preparation?

Nick: We've recently released a major update that we've been working on for several months. A complete redesign, new features, and capabilities are already available. Additionally, we've added support for popular blockchains such as zkSync era, Scroll, BASE, and others to the platform.

Almost all of our core products are already implemented; now, our focus is on scaling them across different networks. For example, we plan to add the DCA module to networks like zkSync, Scroll, and Linea. While the DCA module is already operational in many networks, we want users on various blockchains to fully appreciate the DCA strategy.

We also have plans to update the Dashboard to display more information about pools and user assets. Additionally, we have big plans for 2024 to strengthen our RWA infrastructure. We will engage new partners to expand the product line of the project.

In early 2024, we'll start telling you more about it!

Q: Partnerships are crucial for any project. Could you please tell me more about ROOBEE's partners?

Nick: This is a very important question. Undoubtedly, strong partnerships are a significant advantage for any project. Roobee aims to form partnerships with market leaders to provide high-quality services for users.

For example, among our partners, notable projects include O3 Labs, ApeSwap, Mercuryo, Changelly, Gnosis, Unicorn, Bitkeep, Bitgert, and others. We value each partnership and strive to bring more benefits to our communities.

Q: Do you think you will be able to keep track of all the directions at once DeFi and RWA?

Nick: We have long ago completed the development of our main products. Now, we have chosen the vector of scaling and attracting more users to our products.

We plan to develop the RWA and DeFi direction. The main focus will be on adding new RWA products, and we plan to deploy our developments in all networks that are supported by Roobee.Finance.

In other words, whichever network users prefer to work on, that network will have all of Roobee's flagship products: the DCA module, Marketplace, RWA and so on, as well as more integration of the ROOBEE token into our developments.

2024 promises to be a big year for announcements, partnerships and integrations!

Q: What are the benefits of holding your token as a long term investment? Can you tell us about the motivation and benefits for investors to keep ROOBEE Tokens in the long run?

Nick: The ROOBEE token is part of the Roobee ecosystem. We have already integrated the token into our products. The use of the token will grow over time as will the benefits for ROOBEE token holders.

Q: Can the token holders participate in the governance of the project? What decisions can they vote on regarding the project?

Nick: Yes, users can delegate their ROOBEE tokens to Roobee DAO and participate in voting on project development, adding new features to Roobee.Finance. This is a very important part of the tokenomics of the project.

Q: Do you have any plans to implement NFT technology in your future products considering how popular staking and NFTs have become?

Nick: We have several plans regarding the development and release of NFT Roobee. What I can say for sure, we don't plan to release a large collection of tokens. But we do plan to release a few types of NFTs that will be directly useful for users and the project. Maybe these NFTs will give discounts or add features for Roobee Finance users. Who knows.

Q: Can you provide more details on the supported networks for Roobee's DCA module, such as Polygon, Arbitrum, Optimism, and BNB Chain?

Nick: Roobee will offer the opportunity to invest in assets by using the DCA strategy, allowing investors to split their investments into smaller portions and deposit them regularly instead of investing a large amount at once.

This approach will help reduce risks and give Roobee users more flexibility in managing their finances.

About the features of the Roobee DCA module, in order to start using the DCA strategy on RoobeeFinance, you will just need to connect your wallet to the platform, set up the investment parameters, and deposit stablecoins to the smart contract. And you are done. The DCA module will start regularly purchasing crypto and then sending it to your wallet.

You’ll be able to set up the following:

• Crypto to purchase

• Overall investment period

• Purchase frequency: daily, weekly, biweekly, monthly.

• Amount to be invested regularly (starts from $1)

How does it work?

The entire investment process takes place in a decentralized manner. Users can access their funds any time, and the investment process itself is automated. The contract will be purchasing crypto and then transferring it to the user’s wallet in accordance with the chosen user parameters.

Q: What are the RWA Products you want to add in the future?

Nick: We plan to add a line of RWA products to our decentralized part of the platform. For example, the integration of projects in the direction of real estate, synthetic assets, and tokenized products. We'll tell you all about it soon!

🎁 Participate in the Roobee AMA quiz now for a chance to win 7,952.380 ROOBEE!

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

KuCoin and Roobee have prepared a total of 1,941,700 ROOBEE to give away to AMA participants.

1. Pre-AMA activity: 771,150 ROOBEE

2. Free-ask section: 35,550 ROOBEE

3. Flash mini-game: 300,000 ROOBEE

4. Post-AMA quiz: 835,000 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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