Thanks a lot for actively participating in the Market Making Pro AMA held on 9th May 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Market Making Pro
We have with us Alex
My background is in finance after which I ran a startup for many years. The hardships of raising capital and managing and growing teams has thought me a lot about finding the right technical solutions to saving costs and solving problems. As many of you, I fell in love with crypto, the opportunity to establish game-changing industries and making our lives better. After running a small crypto project I came across a problem of listing on small exchanges and retaining volume and couldn’t believe that there wasn’t a solution for this- not until I came across the talented team at MarketMaking pro and became partner
Q1. In how many ways or what are the ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself?
Our business model is extremely simple. You pay a monthly fee in MMP token to use the MarketMakingPro platform. Our platform lets you control your token strategy from one comfortable dashboard which connects you to all the exchanges your token is listed on. You get access to algorithmic bots we pre deployed in it and can manage features such as volume, spreads and so on
We now already generate close to 50,000$ profit monthly, by switching to a token model we plan to implement token buy backs and token burn, which will be extremely beneficial for our investors
Q2. What major partnership have you achieved and do you have any upcoming new project partners to be announced?
Most of our existing partnerships are with exchanges we work with. This is a list of 20+ CEXs and we plan to expand this list significantly. We have major partnerships announcements coming, I will let our marketing team share this in due course
Q3. What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like Your project play in this?
We want to establish MarketMaking Pro as the go to brand for newly listed projects seeking market making services, and become available on BSC, Solana and Polkadot.
The Market Making industry in crypto is only starting to pick up and most of the activity is happening behind closed doors and is not available to the average project. We plan to bring visibility to the efforts of MM to our clients by creating live feeds and profitability reports on each trading wallet, currency pair and exchange, so you know what you are paying for. Our clients currently enjoy 5-10% indicator growth per month.
The big players such as Goldman Sachs ,jP Morgan, Citi, Bank of America are only starting to pay attention to crypto and we have an amazing opportunity to firmly establish ourselves by being one of the first movers in the space
Q4. Do you have mechanisms such as buyback and burning to regulate the demand and supply of Market Making , so as to increase its intrinsic monetary values?
Yes, we plan to implement quarterly token buy backs from the market and burn them, using part of our profits. Stay tuned for official announcements
Q5. Can anybody use your platform from anywhere in the world? Can anyone participate In the development of this project?
Yes, any crypto team can use our platform. We will have free features and paid features
Q6. Can newbies with little cryptographic knowledge be able to successfully Use , trust & invest on your platform?
I saw some questions about security. Thats very important for our clients. An exchange or any MM can easily ask you to send them 500,000$ and 10% supply of your tokens for them to start working, not including monthly fees of around 10,000$-15,000$ with no insurance or guarantee that you will every this money if god forbid things go south.
We plan to address this issue via insurance and smart contracts, where MMP tokens will be locked as collateral.
I would like to add that our fees would be extremely reasonable compared to the numbers above which any team can afford to use full features of our platform
Regarding existing infrastructure and competitors- we all know it is extremely costly to hire a dedicated MM team and a project can seriously undermine its own budget.
Market making can be profitable but it can also burn through the liquidity that you allocate to them if done poorly. You are paying big fees and yet have no reports, you just have to trust them
Which brings me to my next point- transparency
Market Making Pro plans to add transparent reporting to monitor exactly how profitable your market making strategy was, on each Cex, Dex and trading pair
We will have an audit report, stay tuned
Check out our website: marketmaking.pro
And official telegram group: https://t.me/market_making_pro_eng
Q7. Many new users who do not understand how to operate your project, do you provide a website to provide tutorials for running your project?
Great question, we will have tutorials not only on platform usage, but on trading in general. I also want to add that we are already sharing trading signals from our chartists
Q8. Do you agree that a large and active Community is a key factor for the success of any project? Your project has completed quite successfully, but do you have some plans to benefit your community in your future future plans?
Q9. Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships Your project have formed with existing blockchain foundations recently?
Q10. Can you list some of the features that you have the most confidence in the platform? How do you promote your project globally and make it popular?
Q11. Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?Do you have any plans to attract non-crypto investors to cryption who are still not in the crypto world specially as a new project entering to crypto. What are the plans to increase awareness about cryption around in non-crypto space?
I see a lot of questions about marketing, community and attracting new clients. Our product speaks for itself, and with a monthly pool of roughly 50 recurring clients, we are confident in the right product-market fit. Together with a proper marketing budget, smart partnerships and a growing strong community we feel that we have what it takes to become the dominant force in our industry
MarketMakingPro will have multiple simultaneous IDOs which I hope many of you will have a chance to participate in. Also stay tuned for our bounty programs!
Thank you Gary and team Game of Bitcoins! I look forward seeing you all in our telegram