Recap AMA HC Capital – SnapEx

On November 13, 2021, HC Capital’s community had the opportunity to exchange with Cathal Donnellan | CEO and Julian Ong | CMO to join the AMA to provide useful information about SnapEx.

This AMA is organized by HC Capital – The leading cryptocurrency community in Vietnam where investors and traders can receive the latest news and signals as well as discuss and share investment experience in the cryptocurrency space.

AMA Program:
Part 1: Some questions from HC Capital team.
Part 2: Q&A with members.

Content of the AMA program

Part 1: Some questions from HC for SnapEx

Jannie: Today Ama will start now with Part 1: Some questions from HC for SnapEx.

Jannie: First, Could you give us a brief introduction about yourself and SnapEx project ?

Julian Ong: I am Julian Ong, originally from Malaysia, currently serving as the CMO of SnapEx. I was the Country Manager for SnapEx in Vietnam since year 2019, before taking over as CMO this time. Started my working career in investment bank, I am committed to bring enormous experience in the financial industry to the project. And I will do a brief introduction on SnapEx Project as well.

Cathal Donnellan: My name is Cathal Donnellan and I am the CEO of SnapEx. I’m originally from Ireland and I have been in the blockchain space since 2016/2017, having worked for one of southeast Asia’s only Central Bank Licensed exchanges, onboarding clients like Binance, Huobi, boxing world Champion, Manny Pacquiao, and being onboarded onto the Visa FinTech Fast Track Programme as a primary card issuer. I also started Hong Kong’s leading blockchain remittance company, attracting 40,000 clients within 18 months of operating.

Having formed partnerships with Southeast Asia’s leading banks and financial institutions, I understand what the needs and wants are in order to bridge the gap between traditional and digital finance, and that it a journey that I am excited about undertaking with everyone here and where we want to take SnapEx —- The world’s leading trading and financial platform.

Julian Ong: SnapEx Brief Introduction: SnapEx is a Simple Contract for Differences (CFD) trading platform . Looking at the brand name, Snap means trading can be a very simple activity with a few clicks, hence we name the platform as SnapEx with the motto of brand “Trading is a Snap”. Founded in 2018 and currently headquartered in Hong Kong, we are focusing in the Asian countries like Vietnam, Indonesia, India, Philippines and looking to expand beyond Asia this time. In crypto, we intend to combine the CEX and Defi model in the project. We will be offering staking, prediction tokens, NFT on top of the traditional crypto trading. In the broader term of the financial world, we are looking to merge traditional finance together with what we already have. We will be offering social trading, stocks trading, index, commodities trading, etc. We have already entered into partnership agreements with a licensed stockbroking firm to provide digitized stocks trading on SnapEx. You can read for more information here: finance.yahoo.com

Jannie: Can you tell us the highlights of SnapEx and your vision when implementing the SnapEx project?

Cathal Donnellan: The vision is something that I am more than happy to illustrate and show you guys.

Our vision is very, very simple. It is to become the world’s leading trading platform, offering an extensive suite of trading products to the experienced and the beginner trader alike, accommodating both their needs. What we have right now with our product is a platform that maintains the core strengths of trading being a simple, intuitive experience, with an ultra-strong tech team, with our CTO hailing from Imperial College London and working for the world’s leading trading software service solutions providers, Eclipse, being the top-5 in Hong Kong and #1 in all of Australia.

That is why our token sale is a world-first for a CFD trading platform and why we are highly confident that it is something that will be one of the market’s leading tokens in the near future.

When I am looking at SnapEx, I look at the endless possibilities of being that perfect fusion of eToro and FTX, offering the ease and usability of eToro and the range and functionalities of FTX. This is seen across a number of our different product offerings bring both CEX models (100x exchange, leverage pool, stocks) and likewise in our DeFi offerings, which feature prediction tokens, staking, and much, much more.

As we enter into the mainstream, it is not only about these products, but about bringing more in terms of licensing, to ensure that we can lead the charge moving forward. This includes offering a variety of licenses in addition to, more importantly, looking at our differentiators. Because we don’t do spot, we are able to do stocks in a way that Binance couldn’t and we are able to feature the world’s premiere stocks, including Hong Kong, and the USA.

Our ability to innovate can be seen in other areas too, including the NFT offering alongside our ecosystem and token offering, making it a world first, and we are delighted that your community can be part of this alongside us at SnapEx, to lead the global charge.

And while everyone is here, don’t forget to join the SnapEx global community between answers: https://t.me/snapex_en

Jannie: Currentcy, What are you focusing on right now? Building and developing products or engaging customers and users, or partnerships? Could you please share it with us?

Julian Ong: I will take this.

We focus on EVERYTHING mentioned here. We have a big and great team with huge talents in different backgrounds in different regions. The current dev team is led by Peter Chong, having worked in one of the top trading software company previously. On product side, we are expected to add additional trading pairs pretty soon, with 7 new pairs expected be added within next 2 weeks, followed with 1-3 new pairs every week afterwards. Social Trading (copy trade) is curretly also being developed in the back end now, expected to launch in in the Q1 of 2022. We do understand the importance of riding on trend, what’s more? NFT is also in development now, so, there are a lot of new things coming on the product side!

On the partnership side, we have successfully onboarded many great partners in not only crypto space, but also in traditional finance. For example, our host today, HC Capital, is one of the strongest crypto community in the region. We have also formed partnerships with Blog Tien Ao, AVA Capital, Plutus VC, TAG Ventures, just to name a few from the crypto space. From the traditional finance, we have formed partnership with Gransing Securities, a licensed stockbrokers based in HK, which provide us the authority to list digitized stocks on SnapEx soon. We have also formed partnership with various crypto project, which will help in expanding the SNAP ecosystem, one of them is Metaseer, a hybrid options trading site, which will be utilizing SNAP tokens as one of their base currency.

About community, we strongly believe that community is one of the most important assets for any project to success. We welcome everyone to join our Telegram global group, here you are able to know friends from all around the world. We intend to create a boarder-less community, you are free to use your preferred language. Our admins team are formed by people from different regions, hence language is never a problem in SnapEx. We appreciate your feedbacks faithfully, should you have any great ideas or suggestions, please let us know. In short, we hope SnapEx can grow together with the community!

Jannie: What plans does SnapEx have in the future to further develop the project and increase the demand for SNAP token holdings?

Cathal Donnellan: Both Julian and I will take this one.

I’ll answer first and then Julian will add on afterwards.

I firmly believe that our tokenomics are what differentiates us from our competitors.

If you look at how much we are raising in our private sale for SnapEx users and our public sale, it is $2.9 Million USD. We have already raised $2 million USD from a variety of institutional investors.

If you multiply $4.9 Million USD by 100x, it brings you $490 Million USD, which doesn’t even bring you into the top-100 trading platforms in the world, let along the top-10, which is where we want to be as a platform.

We believe that with our product range; the stocks, the NFT, the combination of DeFi and CEX systems, the world-class tech team, and much, much more, give us the edge over the longer term, and that is what we are excited about having our users and our team supporting the project.

In addition to this, there are a number of use cases for the tokens, which range from Trading Fee Discounts, OTC discounts, Overnight fee rebates, and when our Quant trading comes along, we will have script fee discounts as well as copy trading discounts.

The other thing about our token is that they can be uses to purchase the SnapEx NFT, which you will be hearing out very very soon.

Julian Ong: I will add on a little bit.

Cathal Donnellan: The other thing that I would like to add. In order to increase the value of the tokens, we will have continuous buybacks of the tokens, which will then be burned. So there are some exciting things happening.

Julian Ong: We also have the plan to do launchpad. We believe that with the strong community we have on SnapEx, with the numbers of great partners we have, there is a big initiative for SnapEx to do launchpad as well. Like I mentioned privously, we will also form partnerships with various projects to increase the use case for SNAP tokens. For example, one of our investors (partners) is Metaseer, they are a hybrid options market. SNAP tokens will be available on Metaseer as one of their base trading currencies on the Metaseer ecosystem.

In short, we are very exciting with what we are going to have, and we hope you share the same feeling as us!

Part 2: Q&A with members.

@thomhailua: Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the blockchain industry?

Cathal Donnellan: I like this one a lot Thom!

@budstuckey: Is your platform suitable for crypto beginners? Or does it only limited for professional users ?

Julian Ong: Let me answer this. Yes SnapEx is very suitable for beginners. On SnapEx, you can try with Demo account. You can try trading with virtual money and it allows you to practice your trading skills. When you have much confidence, you can stat trading on SnapEx for REAL with 0 Capital! Yes, you don’t have to fork out any money. You can claim the free USDT Trading Bonus by completing some simple tasks. While the trading bonus USDT is not withdrawable, you CAN WITHDRAW the profit generated from it. So yeah, welcome to join SnapEx and start experiencing what is “trading is just a SNAP”!

@DJ0843: STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have plan about to Staking?

Julian Ong: Alright, this is one of the most important features that we are going to introduce. The answer is YES, we will have staking after SNAP Tokens is launched. So, stay tune with us for the exciting news!

@ernard_pringle: Many people want to learn about your project but they have problem with English, so do you plan to spread awareness about your project in different countries where English is not good? Do you have a Marketing strategy aimed at developing many different communities such as Vietnam, Indonesia, Korea, Iran, … about your project so that they can easily communicate and understand Project.

Cathal Donnellan: I actually totally agree —- A lot of new projects develop well at first because they focus on one key thing, ‘hype’, but hype without a product is one of the key things, especially when a product is not yet fully developed, and that is one of the key things that lead to project failures.

In addition to that, quite a lot of the projects launch tokens without real, genuine, and legitimate use cases, which results in their value dropping.

Before announcing the token launch, we made sure that the platform was 100% market ready and had the use cases for the tokens lined up, with more to be added in the near future, meaning that it holds a long-term utility and with SnapEx, it has a proven market — 200,000 registered users trust SnapEx is its go-to trading platform, with its low margin, high leverage model, with more products to be added like copy trading (Q1 2022), stocks (Q2 2022), and the NFT to be added very, very soon, which increases the use-cases for the token itself.

We have our market position, we have a trusted platform, and we are ready to become the hottest blockchain project in the world.

Another very, very good question.

Much of what SnapEx has achieve has been built upon our principle that localization is urgently required when expanding into new areas and providing value-added trading products on a global level.

In Vietnam, we not only ensured that our product served the needs of the local Vietnamese, but we also made sure that we were there to support our users in their local language, through social media channels and a customer support team that was always active and always willing to answer questions brought about by the community.

Our broad suite of products are also beneficial to multiple different markets. Some markets might not be into crypto, but might love stocks, and our platform enables them to have the best of both worlds, without the need to go through a broker.

This effectively means that moving forward we will offer products and channels in a broad variety of languages and products that are fit for local communities; not just a one-size-fits-all approach, which is the mistake a lot of other projects tend to make.

@Hiltonhutchins79: PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?

Julian Ong: I always like this type of questions as the partners are one of our strongest points. We have formed partnerships with many strong crypto communities, as well as the traditional finance firm. For example, the host today, HC capital, is one of our long term partner since 2019. Asides from the name that I mentioned earlier, we have also formed partnerships with various regional ventures such as Kyros Ventures by Coin68, Magnus Capital, very well respected KOL in Thuan Capital, strong communities like Trade Up, Diversity Ventures, Pintasan, Augusmology, Crypto Indo, etc. We have also onboarded tech partner like Quantech, and also traditional finance firm like Gransing Securities, Hex Trust. As the partners lists are too long to list, we welcome you to join our official channel to find out more as we will be releasing partnership annoucement on a daily basis.

@tungaki: What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

Cathal Donnellan: This is another one that I am delighted to answer and one that I think is a very good question.

Put simply, we have a variety of different procedures in place to educate new users, including our SnapEx school, our free demo trading feature, as well as different campaigns that allow for trading tokens to be used, where you get to keep the profit you make by trading.

We welcome new and old users alike and we are all about making sure that the platform adds enormous value to the trading veteran and the trading beginner, making SnapEx the perfect trading platform for everybody and which is why we are incredibly excited and optimistic about the project and the token moving forward.

@mymuaban: In the long run, why should we trust and follow you and your project? How do you raise awareness and elimination of the doubts of investors / partners / customers?

Julian Ong: I will do one more. Unlike the other project, SnapEx has been in the market since year 2018. I believe those people who have been with us since last time know that SnapEx has always taken our reputation as a responsible platform very seriously. We did go through the turbulent time where we have to temporary shift away from the market to do some restructures, and now we are back, with a much greater and stronger team, and bigger vision. We are really happy that many partners have put their trust on us, special thanks to HC Capital here. In the coming time and long run future, SnapEx will continue to uphold our belief as a platform of being user friendly, transparent, fair, and continue improving our products, listening to the ideas/feedbacks/suggestions from our lovely partners and communities members.

@phuongduomg: What are the ways that your project generates profit / revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?

Cathal Donnellan: I like this one.

@meemaples: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?have a YouTube channel or something? can you share it with us?

Julian Ong: I will take this as the 5th question. Yes we have tutorial videos on what is SnapEx, how to do deposit.withdrawal, what is leverage, etc. We also update periodically on our youtube channel about our current progress, coming updates, AMAs, campaings and many different activities. You can follow our Youtube on.

Cathal Donnellan: I 100% agree with you that a lot of projects focus on short-terms gains rather than long-term sustainability, meaning that they have no revenue model to speak of, just a theoretical working model.

We feel that this is an enormous problem in the blockchain space and it is something where we are different.

The differences are: History, and tokenomics.

SnapEx has been operating since 2018, and SnapEx was always a highly-profitable company with a global community of 200,000. Of course, the market has changed markedly since our entry, meaning that naturally we need to change. These are reflected in our product offerings and what we have moving forward. Instead of focusing on CFD trading on a limited number of cryptocurrencies, we have expanded our reach. Not only have we greatly expanded the number of currencies that are featured on our platform, but we are also making sure that the products we are continuing to roll out will address real-world problems that affect traders.

Crypto companies often can’t enter into the traditional market because they lack the capabilities. These might range from compliance, to regulatory, to plain and simple licensing (they do not meet the standards set by regulators globally), and to scale, you need to make that happen.

Our partnership with Gransing Securities adds weight to our goals and what we aim to do.

In addition, our token unlock schedule relates to the trading volume on the exchange, meaning that we’re not in it for a short-term gain, but a long-term, sustainable, revenue-generating project that will deliver value in the long term.

The token supports the platform and the platform supports the token.

That is what makes us different and that is how we are going to make our mark on the crypto and blockchain market globally and why we are delighted to have people like you joining us and supporting us here.

Julian Ong: We have done as many as we can, hopefully we clear your doubts as much as we can. Congratulations to those whose questions have been selected. Kindly contact admins of HC, do remember to submit your SnapEx UID.

Thank you everyone for turning into this AMA with us. Thanks @Jannie68 for hosting this session with us. We shall see you guys soon in the near future!

Cathal Donnellan: Absolutely, we are really happy to have such intelligent questions brought about by such a strong community.

Jannie: Amazing Q&A! Thank you @donnellan @Julianongzz for joining us 👏 and good luck with SnapEx.

Summary

Hope this AMA Recap will let you understand more about SnapEx. Thank you for following AMA Recap and for your companion also HC Capital!

 

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