Trading Reimagined - TOKEN2049 Dubai 2024

uh hello everyone my name is federo I am the CEO of femex fimx is an exchange operating since 2019 a hybrid exchange I will go back to the word hybrid in just a second uh currently we have more than 5 million users from all around the world and we process around $2 billion in daily trading volume sometimes much more depending on how uh active the markets are this volume is spread between 400 pairs between spot and uh Futures getting closer to 500 now with all the memes we had to list in the past few weeks but I'm sure you're all aware of that uh today I'm here to talk to you about a topic which is of surprising importance uh for an exchange which is what does the crypto industry have to offer apart from Trading and uh speculation more than ever our industry has been evolving from building simple instruments of payment payment Trails or storages of value uh into developing a complex social ecosystem which now involves several different aspects of our online experience I believe that everyone here uh uses social media to Aid their trading whether it is watching uh crypto YouTubers uh posting their live trades or personally I use crypto Twitter a lot to read news and thoughts on the market a lot of people also join uh telegram channels Discord channels hopefully avoiding scams which we know are pretty rampant there but yeah in one way or another we all join online uh communities and I believe that this process together with the raise to prominence of uh defi have been facilitating access not only to the financial instruments which are now readily available either on chain or on centralized platforms but also access to financial topics which have been taking a bigger and bigger portion of the general Public's mind share uh these two processes together have been converging in the formation of what we can Define as a non-chain identity we are all used by now to having an online identity thanks to social media but now especially in our industry we have a nonchain identity as well whether it is through the nfts that we collect showcase uh for example if you H the m ladies or paji penguins in the past few months you got some very good airdrops based only on your on chain identity but also the trades that we take the tokens that we hold and the protocols that we use all factor in into our onchain um identity so how do we as an exchange relate to this process as you can imagine the exchange landscape is extremely competitive which is why we aim to be at the Forefront of every new narrative and that's why our team has been building in two Direction first by incubating pulse which is our proprietary social F platforms which combine social F meaning group chat uh together with our main line of business which is trading and second our team has been developing a hybrid defi stack again the word hybrid which combines the onchain experience and variety of products together with our centralized execution and embedded within our app let me start talking to you about polls uh we've built polls with the core idea in mind uh of rewarding users for their activity and their support for our platforms uh users are rewarded daily for their engagement from a pool of 50 million PT which is our native exchange token fimx token and they're rewarded for their engagement as well as their activity on the main platform the two things amplify each other PA is smoothly integrated within our app you can see here the different groups um which means that you can go from posting a trade on one tab to discussing said trade with your friends or group of Traders or your favorite content creators all in another tab we have on boarded several content creators to polls which have been migrating part of their Community into our platform some of them are right here I can see them um and now we have more than 15,000 uh users earning and chatting daily on uh on polls of course as every social F platform need to provide strong incentives for Content creators and I believe that as an exchange we're in a unique position to do so um we integrated our groups together with our industry-leading affiliate program meaning that we provide our group owners and content creators a stream of of Revenue which is independent from the speculation around accessing said group groups are not getting more and more expensive in order to provide a revenue for the for the group owners we simp please share some of the revenue of our volume nevertheless we understand that uh trading around influencers and uh social media personalities is a fun narrative to play around with which is why we leave the ability our to our group owners to Mint their collection of inscriptions users can Min them and then trade them on the platform which leaves that dimension of speculation and fund around the future growth of content creators apart from interacting with each other our users also want full access to the wide variety of products which are available on chain which is why we started building our hybrid divice stack starting from our lending protocol we offer low rates without additional charges which I believe offer opportunities for a very viable strategy in a bull market which is holding your longterm uh position such as Bitcoin and ethereum but accessing more liquidity uh for shorter term plays we offer high and transparent loan to value ratio which means means that users know exactly what they're subscribing to and as fimx we posted more than $20 million in liquidity readily available for our users uh to borrow from we also offer the ability to users to supply liquidity themselves if they want of course uh to allocate their stable coin to a more passive strategy yes of course we're not stopping at a straightforward lending protocol we're also building a proprietary amm protocol which allow you to earn through an additional strategy by providing liquidity uh to The Exchange as a successful exchange operating since uh 2019 we have a very strong native volume which is not reliant on tokens emissions which means that our amm protocol can be very profitable even for retail users without diluting the circulating Supply uh of our token we hope as we continue building our hybrid ecosystem we will be able to over time build for our users as they interact more with us a sort of credit score for them on chain a credit history the more they interact with with us um the more we know about them and the better rates we can offer them as well as perhaps in the future a line of credit once there is enough trust built even on chain without necessarily knowing your counterparty of course we are also taking a deep look at the wider defi ecosystem um which means integrated with the Forward Thinking protocols that are moving in the same directions that we are are listing tokens that are attracting uh attention and volume that's the business of an exchange and partnering up with any uh token showing interest in our hybrid ecosystem here's some of our Uh current Partners on the side of media infrastructure and marketing we are very happy with our position in the industry so far we have very reliable partners that have been with us through the bare Market to the bull market we thank them for this but we are this kind of conference to meet more connection so we'll be at Booth 25 on the opposite side of this of this room if you want to chat uh we'll be happy to to discuss possible Integrations and a partnership now uh let me quickly summarize uh what's coming next on fimx first of all onboarding more creators and more users on polls onboarding more creators means a lot of BD work and also onboarding uh content creator outside of the cryptosphere that will be a challenge for our company but our team has been doing great progresses in onboarding more and more content creators so we are sure we will succeed in that as well and of course onboarding more users means providing them with more activities more interesting uh opportunities to engage with each other we are for example combining our trading competitions within our groups as well as our new interactive leaderboard which will allow users to uh compete with each other compete within groups and between groups fostering that kind of healthy competition that I believe is a fun aspect of the markets uh we participate in of course we are also planning of expanding our hybrid defi stack in 2024 finally we are seeing some new protocols in defi some interesting experiments uh nevertheless uh safety for our users is our number one priority so we will integrate protocols after they've been tested Enough by the markets before we offer them to our users and we will keep looking at the new developments in The Wider defi space and finally of course we will continue with our main line of business which is as an exchange to list any token that is attracting volume and eyes on the platform as an exchange you are in a unique position uh to capture every new narrative whether it is new memes AI gamify real world assets by just listing a token early enough um so we have a very strong listing team looking at all the new developments in the industry we also have the ability to launch tokens on our platform thanks to our uh fimx Launchpad so if you are a token 2049 with your project and you're looking for a listing uh feel free to stop by a booth 25 uh to discuss a potential listing and even if you are a bit earlier uh in your journey and you are still uh raising funds we'll still be happy to talk since we do have a venture arm so regardless of the stage of your journey we'll be happy to have a chat even if you're already listed on fimx it's always nice to talk um and I believe that's everything for my time I still have a couple of minutes but I don't have any meme coins to Shield uh so I will just thank my team for being fantastic these days despite all the weather Stella Abel uh Zena Advil thank you very much for your support some of our partners like Bastian is here so thank you very much for your time for tuning in I hope you have a great time in Dubai that everything went well in this past few days thank you very much