UpBots X BeInCrypto AMA Session

Get ready for an exciting AMA session with BeInCrypto as we chat with Neil Sisson, CMO of UpBots! UpBots is a crypto trading platform that integrates centralized and decentralized portfolios, making it easier than ever for users to manage their investments.

With unique features like algo trading bots and a performance-based model that only charges on winning trades, AppBots allows users to “trade while living!” It proves that they can. Neil explains the intricacies of UpBots seamless wallet tracking, the $MBXN token and an exciting future with their new parent company, Monetum.

Let's get into the AMA session!

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AMA session with Neil Sisson with UpBots

BeInCrypto: Get ready for this interview – today we welcome Neil Sisson, CMO at UpBots 🔥

Neil, please tell us about the UpBots project 🙌 What are its main features?

Neil: Hi Crypto Soca. Thanks for having me here today 🙂

UpBots is a crypto trading platform that integrates centralized and decentralized portfolios into an elegant portfolio tracker. Users can trade with bots and only pay when the bot “wins” the trade.

We say our users can trade while they're alive!

On the UpBots platform, users can track wallets, pay $MBXN tokens and enjoy the performance model. Designed for all skill levels, it offers educational content and safe shopping.

At SuperBots, we offer a DeFi option where users can raise their capital on a decentralized platform using algo trading bots.

Now that we are part of Monetum there are many other matching opportunities coming online with some cool AI stuff.

I hope that answers the question.

BIC: A beautiful portfolio tracker 😻

Neal: Gota has a place to keep track of the coins you deposit 😅

BIC: What are the main differences between UBXN and MBXN tokens? 👀

Neil: UBXN was the utility token for both platforms until last week. Most recently, AppBots was acquired by Monetum as part of our new parent ecosystem, which was a great thing.

MBXN is a new token, unfortunately we had to start fighting several issues, but the most prominent one is that 25% of UBXN token liquidity was locked by AnySwap due to their losses.

We also want to add a license function (ERC-2612) that allows gasless transactions.

Monetum has big plans for UpBots and having a new token with better features and full access to the offering provides the best foundation to realize that vision. It also gave us the opportunity to make some improvements to how our vaults work.

Existing UBXN token holders will receive fair market value equivalent token quantity + 20% bonus airdropped. Plus, they still have their UBXN.

BIC: What are Tokinomics for MBXN?

Neil: One of my favorite subjects! 🙂

Well, that's a question with a big answer. So I recommend anyone who wants to look under the hood to see our documentation and articles on the subject.

We've updated the documentation on our Gitbook before next Monday, as well as an update to this article, which you can find here.

Major Updates During the photo we will burn 100M tokens (20% of the total supply) per event to bring the supply to the same level as UBXN.

Plus (and this is something that UBXN didn't have) we lock in a high % of the supply. Time scales and % vary depending on where the tokens are allocated. But for example, the founding team's tokens are locked for 5 years. These locks are meant to show a serious long-term commitment to the project.

Many token mechanics are similar in relation to the platform and token utility. MBXN is now the currency needed to pay platform performance fees, activate bots and benefit from staking etc., and now, with the new gasless transactions, new efficiencies will be achieved.

BIC: How do users convert UBXN to MBXN? And how long does the conversion take? Can users still use their UBXN tokens after the conversion period? 🤔

Neil: Yes, this is a question that seems to stump a lot of people. I am happy to try and bring clarity.

In fact, MBXN tokens are already thrown into the air for everyone who has a UBXN token holder, so there is no need to try and exchange the tokens.

Everyone who was a UBXN token holder will now have an equal $value (at the time of the photo) in their $MBXN tokens (+20%) in UBXN.

Now that we're swimming in a much bigger pool (metaphorically speaking) with more and more opportunity, the future is brighter than ever for UpBots.

BIC: Ok 🙌 What about the prelist? When will the pre-list to buy new MBXN tokens start? I want to participate in the 15% pre-list to buy new MBXN tokens! How can I do it?

Neil: Well, I'm glad you asked! 🔥

The MBXN token pre-sale is currently available through the Monetum exchange, where you can buy the token at a discounted rate with FIAT.

That special discount price period may expire at any time prior to listing. Unfortunately I can't tell you the listing date, so I can't tell you when the discount period ends, but let's say I expect the wait time to be in days, not weeks. 😉

BIC: Are there bonuses or incentives for MBXN early adopters?

Neil: Yes, of course. We have allocated 10% of the total supply for future promotions/airdrops etc.

Currently, anyone who buys the company Monetum can buy the token at 15% below the listing next week on our first central exchange.

If you've never used the UpBots or SuperBots platforms before, now's your chance to play with them and earn mission rewards through our SoQuest campaign.

Just ask in our main chat (@Upbots) and they'll give you the link.

This is a very exciting time for UpBots with new capital, fresh thinking, new energy, deep networks in the TradFi world, and a large ecosystem of FINTECH products and services.

(eg: crypto-friendly EU payment/IBAN accounts, regulated exchange and more)

In the coming weeks and months, we'll have more contests, airdrops, and other ways to win and earn tokens. So join our Telegram group @UpBots and be part of our community there.

BIC: What exchanges will list MBXN tokens after air?

Neil: Our first exchange, CoinStore, is coming soon (unfortunately I can't say the date) and discussions are underway with half a dozen other exchanges so there will be more places to find MBXN in the future.

And of course Monetum always has an exchange where you can buy tokens.

BIC: Very good! Now let's move on to our community 🔥 questions

@TeodoraHalcomb:

UpBots offers no prepayment policy. Can you explain how this works and how it benefits both novice and experienced traders?

Neil: Yeah, that's a great question because it hits right at the heart of what's so unique about UpBots.

It is not a platform where we create and sell solutions. It's like a marketplace, where the brightest and most experienced traders share the algo they've created to help them win many trades, usually with newbie traders losing 90% of their cap in 90 days through a standard setup process.

The question that drove the design decisions in the early days of UpBots was “How can we create a win-win environment where anyone (even someone with no crypto experience) can invest a small amount of money in digital assets and not lose most of it. Through inexperience and emotional trading?”

Our solution was to match successful traders with newbies by allowing startups to essentially rent an algo.

Everybody wins or nobody does, that was kind of the motto.

And really, UpBots are the worst when businesses fail.

Because we only take performance fees when bots work

BIC: @RaymundoBui:

The MBXN token is central to the UpBots ecosystem, which provides various functions such as payments for token provider subscriptions, performance-based commissions, referral rewards and high incentives. How do these use cases increase user engagement, and what are the benefits of holding and using MBXN tokens?

Neil: Yes, that's true. MBXN is essentially a utility token. The overall objective is to empower both platforms so that our users can trade their capital 24/7 while still being alive.

Of course, we have staking and other tools that every token uses to reduce the token speed.

As a consequence of how the token is designed, the supply/demand demand = price equation is powered by platform adoption.

So the higher the MAU on the platform, the more value is collected for the brand, basically

BIC: @VietphamV:

What sets UpBots apart from other crypto trading platforms in terms of features and user experience?

Neil: I think the main thing is the performance fees aspect. We don't charge any monthly fees, and if the bot trades and loses, you don't pay any platform fees, and we create a virtual credit on the amount of fees you would have paid. They won. It's the right way to do this kind of technology and I think it shows that we put users first and want everyone to succeed.

Also, I guess it's SuperBots, which is a DeFi algo trading platform. I don't think anyone does that like we do. 🙂 So if you don't want to leave your funds in a standby environment or especially privacy issues, decentralized algo trading can be interesting for you 🙂

BIC: @MEHEDIIA

Security is a major concern in the crypto trading space. UpBots offers a fully secure, transparent, cloud-based infrastructure. How does the platform implement these security measures, and what protocols are in place to protect users' money and personal information?

Neil: Yes, it's still a big problem. Although, based on how often my bank contacts me about new scams, I suspect it's not just the crypto space!

There are general safety measures in place when playing with UpBots. But in short, all our contracts have been audited many times. Sartik has seen everything.

In terms of financial security on UpBots – your funds are sold via API to the exchanges we connect to (Binance, KuCoin and more coming soon). Withdrawal functionality is disabled, so no one can hack your UpBots account or use it to steal your money. Technically not possible.

Also, your UpBots account is protected with military grade encryption at the entry level so your portfolio information is completely safe.

I hope that answers this question for the most part

For more information, ask in our Telegram group

BIC: Last question @EzequielMarrero:

Can I earn passive income from UpBots? Are there any alternatives to this? What are the benefits of holding UpBots tokens long term?

Neil: Yes, absolutely, you are earning passive income. You can pay MBXN and collect APY for the duration of the booking. You can also use marketing bots. Trading bots, in general, work better in the short term than the long term, so you can link the bot to your Binance account (for example) and leave it alone to trade on your behalf, and just make a couple checks on it. Seasons of the year.

Same goes for SuperBots if you prefer your income to have a DeFi flavor.

BIC: And we have a question for our community to answer.

@SAM4CHE

Hi Neil, What is the biggest advantage of using Upbots bots and why I don't have to trade myself?

Neil: Hey Sam!

I can't speak to your trading experience, so I can't speak to your level of trading skills. However, I can speak for myself. I'm not very good at reading charts and consuming a lot of news, researching projects and really everything that great traders do. I also have very basic technical analysis skills.

Because of this, my business skills often feel like gambling. It's too bad these days I only usually do low frequency basic investing.

Also, I like to sleep. It's good to sleep.

Thankfully, bots don't need sleep. And you can consider thousands of signs. In addition, we will have the arrival of AI, which will do great things to the already very sophisticated bots

So, to answer the question, I think I could simply say—a bot is more likely to be a better trader than a human being.

BIC: Great, thanks Neil, for this AMA 🙏

Neil: Thank you a million for asking me and your community so many wonderful questions.

Final thoughts

This AMA session with Neil Sisson provided invaluable insights on UpBots. As we learned, UpBots is an all-in-one tool designed to simplify crypto trading for everyone.

With features such as performance-based trading bots, wallet monitoring and $MBXN token inventory, UpBots ensures a seamless and secure trading experience. The integration with Monetum opens up more exciting opportunities and developments in the crypto space.

Whether you're a seasoned trader or a newcomer, AppBots offers something for everyone, making it easy to trade and grow your assets while living your life.

Join the UpBots community to be a part of this journey!