What is Social Trading and How Will It Revolutionize the Crypto Industry - TOKEN2049 Singapore 2022

well thank you very much for coming by and spending time with us so I'm Gracie Chan menu director of bigot and beget is one of the top exchange uh from the world and we are listed as the way we're ranked as number five in terms of crypto derivative trading volume and today I'm going to talk about um how the like like the MC introduced how social trading is revolutionizing our industry and for those who are standing there or wondering what's happening here I would highly suggest you take a seat because we will be giving out some merchandise for whoever is going to participate in the interaction with me right now and um you have to have a seat to to participate in this and in terms of the flow today we will talk about four things so that's um if you look at the slides that's like introduction and interaction uh like I said we will distribute some gifts for you uh with the interaction and then we want to also talk about what is social trading how social trading is revolutionizing our industry at the end what do we do at beget so firstly I want to say thank you for coming here and spending your precious time with me and with a token 2009 uh and and let me introduce quickly about myself so I'm Gracie Chan major director director of bigot and I'm very happy to be standing here in Singapore because I actually spend a lot of time in Singapore for my bachelor degree I studied from Aus National University of Singapore uh doing Applied Mathematics and then after graduation I worked as a TV host that's Michelle young the famous actress but that's just like had a lot of fun but just for one year and after that I worked as a chief marketing officer for seven years for fintech and metaverse companies and earlier this year I joined bigot as my new director I look after the global growth strategy and work a lot on the marketing PR and branding side of the company all right as I promised we will have some interaction and uh some some hopefully some game after the launch with the Happy Valley we all feel a little bit sleepy so can I have everyone stand up now so whoever in the space and if you want to join you can still come and grab a seat um and I have a few questions for you so how many cryptocurrencies do you hold if you don't hold any cryptocurrency please be seated okay we have a full house here everyone holds some cryptocurrency if you hold more than 10 types of cryptocurrencies remain standing okay some okay some are seated now okay we have a few Traders here we have quite a few people how about uh 15 if you hold more than 15 cryptocurrencies remain standing all right and how about uh social media accounts if you have all these six social media accounts remain standing oh I'm surprised I only have five and four okay and uh how about Facebook and line you you have okay cool all right uh that's all so we have a few winners here but um how about all those who have the six um media accounts you just raise up your hand together with this uh this few gentlemen here and my friends from bigot well send out some gifts for you and thank you for your participation so you may Wonder oh by the way we we all love like social network and you may wonder why do I ask you this question about trading and connecting uh we want to dive into the topic of social trading and I want to explain why these two concepts trading and connecting don't have to be mutually exclusive and I'm sure if you are a crypto Trader you are already familiar with spending a lot of time at Twitter at Discord at all those social media um which coin like talking about which coin should we buy what are the macroeconomics right now and there are so many fake news right there and it can feel very overwhelming and sometimes a so-called kol just want to feeding the information what they want you to see and with this where's this trust where is the clarity is there a better way to connect and trade and we think there are so that comes with the concept of social trading and that's a topic of today so you may start to wonder what is social Trading what social trading is defined as a way that is a transformative making people to connect and trade it's a former investment that will allow people to interact and observe other Traders and that's a social part as well as follow or execute the strategies of more experienced Traders and that's the trading part in the sense that social trading starts with a finance version of Facebook or Twitter but it will come further and much more than that and in terms of social trading people are playing against the market and they share a lot of information and the profits and hence the collaboration part is really important here and according to a research and Market that's the world's largest market research store they said the social global social trading platform is growing at 7.8 percent annually social trading is actually not a very uh strange or very unique thing in traditional Financial Market there are a lot of trading platforms doing that already but it is very new in our industry in crypto exchanges and this is indeed when the appreciation factor that biget has from other exchanges I mean we all have a lot of like Exchange accounts uh but all the exchanges offer more or less same same products and services but we get we we are very longing in terms of social trading concept and we consider that as a differential factor of our uh ourselves from other exchanges well according to a 2015 World economic Forum report social trading is said to be a key disruptive trends and it has um like here the world is very small salary for you rubber advertisers as improving accessibility to sophisticated Financial managers and uh it also say that social trading will provide more and Empower more individual investors to build and share investment strategies okay now you may have another question understand what is social trading now then how is it revolutionizing crypto industry so there are four keywords that we think are very important to our industry accessibility transparency quality and execution I'm not going to explain them one by one but the brief idea is we want more people to grasp the idea of cryptocurrency and be financially illiterate and also social trading provides a lot of transparency in terms of there are so many information out there and many of the for example macroeconomic info Market updates or the project information uh previously only available to those big players and we are revolutionizing or democratized democratizing all these for normal retail users and there's so much information out there but at our platform the biggest inside Community we invited more than 200 selective crypto Traders or crypto leaders to share their opinions and to enhance the quality of information and after hearing all these information online you might want to execute and earn money from it so that comes with the execution part and at bigot we have three main features in terms of social trading so we provide ugc user generated and PGC professional generated content in order to give the quality information for our users and we are very famous for this product called one click copy trade so it's a our Flagship product and we are number one in copy trading right now among all the crypto exchanges uh and this is indeed a pioneering uh product in terms of social training as well so as of today we have more than 55 000 professional Traders and approximately 1.1 million followers meaning um the no more like traders who are following or mirroring uh the elite Traders strategy and there are more than 300 million trades or orders have been executed on our platform and there are other strategies as well and then there are a lot of products with social elements so in our Asian culture during let's say China Lunar New Year we will send a lot of uh grab pop pop grab meaning in Chinese uh we say compound we send a lot of Hong Bao to our friends but now you can send cryptocurrency in those pop grab in those homebound to your friends and family and we also have a vote to list that's like we let our customers or users to vote and decide what are the projects they want to be listed indeed it's all these elements that created a winning strategy for all the Traders uh no matter it's a legally Traders or the normal followers and we grabs the idea that trading should should be and can be Collective and above all the idea is let's make money together well at the end I'm going to talk briefly about beget so we're established in 2018 we have a daily trading volume of 8.1 billion US dollar already in terms of our ranking basically coin gecko ranks us as the number five or top five in derivative trading by volume and verbs uh the very famous big magazine Forbes they ranked as also taught in top five in terms of the real Bitcoin uh trading volume including derivative and spot trading and we have more than 2 million users from more than 50 countries uh and one-way point we have at beget is our top kol Network so we have more than 10 000 kilos from the world to help promote our Innovative products our listed coins and beneficial initiatives and speaking of initiatives there are two innovative initiations tips that is really important and our users just love them so right now we are providing zero fee spot trading for all the pairs not only just Bitcoin or eth so for all the trading pair if you are a spot Trader sport investor should definitely check this out um and we don't have a deadline for this campaign so it's ongoing until I don't know maybe next year um or later so we offer zero fee for spot trading and you hear right for all the pairs and also we want to protect our users we have this recently announced bigot protection fund which has four publicly visible wallets uh hold of uh about 200 million USD in Bitcoin and usdt and these funds are meant to act as a safeguard for our users in the event of any incident say hex or some Behavior due to like uh insecurity whatever that results in the loss of their funds and within the industry there are only a few exchanges such as binance and FDX have this kind of similar protection found as our initiatives all right that's pretty much all I want to say and if there's one thing you can remember from the speech today I hope it's the concept of social trading and what uh begin has done in terms of this concept uh we think this is the next wave and a huge opportunity for our investors especially the new generation of investors and with social trading or social factor in mind this is a QR code if you want to scan it you can be connected with other people here in this conference we created this group just for token 2049 so it's for you it's not like for us and you can also find beget at both p17 that's right in the middle of the main stage on the second layer for this upcoming two days and that's all from me thank you guys and happy social Trading