image.png
    1. The first part of AMA “Introduction and Basic Questions”
    Question: Before we start the AMA meeting, we have an important thing to discuss. I think our attentive subscribers have noticed that the VRM and FLy logos have changed! You can see the new design on today’s AMA banner. Andrei, Vladimir, can you talk?
    Vladimir Demin: We decided to make our logo and overall style look cooler, and it’s time to refresh the image. I hope everyone will like this.
    Now VRM and FLy seem to be under the same umbrella, so this is the problem we hope to solve.
    Andrei Grachev: Yes, encryption and algorithmic trading are modern technologies. They use smart algorithms and contracts. On the other hand, we like beautiful design things =) Combining these two things, we got these beautiful new logos, which are fresh and modern, reflecting our vision and our essence. Company =)

    Question: What is your opinion on price increases?
    Andrei Grachev: This is the logical influence of good market conditions, product development and news. We did something and people got the news and jumped into the token. We can see that it is mainly done by new buyers, I want to say “thank you” to the community to spread news between markets
    Vladimir Demin: The price should always follow what we are doing and the current value of the token. I hope everyone notices how many new products, partnerships and new markets we have recently launched. In addition, we now make a profit (even in this slow market) and destroy tokens every month. I hope this will push up prices.

    Question: What is the next important event of the project?
    Vladimir Demin: Our current step strategy includes getting more people to join the Fly ecosystem. This means that we are focusing on launching Black Ocean and most of the features of the ecosystem, such as Launchpad, signals, fixed income, dark pools, etc. The launch will also be supported by various marketing activities and tools in different global and local markets. I believe that the rest of summer and autumn will be very hot.
    Andrei Grachev: In general, we have some basics:
    - Launch pad;
    -Upcoming IDO activities;
    -Encryption dark and liquidity pool start;
    -The first batch of customers and transactions;
    -NFT market;
    Of course there are many token-based things like this, trading signals, market research, fixed income products, funds and leveraged DEX transactions

    Problem: Everyone sees that prices sometimes fall. What do you think, who is dumping token prices?
    Andrei Grachev: We should know two main reasons for it-the first is market conditions. When the market falls, all tokens will feel strong selling pressure. This is a market. The second thing is people like “weak hands” or short-term investors. Those who buy some tokens at low prices and try to release some profits. It is normal for every token, even for the main tokens, this is a great opportunity for market participants-tokens must change their holders =)
    Vladimir Demin: This is the market. If we decide to play this game, we should accept and respect whether any of our token holders wish to buy or sell. The only thing we can be sure of is that all our seed-stage partners strongly believe in FLy, believe in us and will not sell their tokens. Because the price is too low. FLy is a long time and it is too early to consider selling.

    Question: I have a lot of questions about the important goals of the project. From your perspective, what are these goals?
    Andrei Grachev: The actual goal is to run the planned product well through good public relations and marketing, involving more institutions and retail customers, which supports us to increase the number of token holders-having an appropriate market to achieve good price changes Very important. And increase the liquidity of DEX.
    In a simple sentence it looks like this )))
    Vladimir Demin: We are traders and financial personnel with extensive experience in classic markets. We came to cryptocurrency because we also saw many opportunities and methods to improve the financial world. This is why we decided to issue tokens for the trading ecosystem. The goal is to put FLy in every trader’s wallet

    Question: My last question is about the legal part. Will Black Ocean obtain any licenses and provide fiat currency?
    Andrei Grachev: Yes, this is a milestone in the growth of Black Ocean. In a few weeks, we will apply for the appropriate license in Gibraltar (Huobi, LMAX and other major players obtain licenses there) in order to provide appropriate services to institutional clients and provide them with USD/EUR/CHF Of liquidity.
    Vladimir Deming: That’s right!

    Question: The first question comes from @eyup_01
    When will you trade on major exchanges such as Binance, okex, Huobi or bitfinex?
    Andrei Grachev: It is not so much a transaction as it is a process. We have planned many things to support our desire to be listed on top exchanges-develop different networks, increase liquidity, launch services and launch additional marketing tools. When everything is done correctly, I don’t think we will encounter some problems. Now we are focusing on one job to achieve these goals
    Vladimir Demin: We maintain permanent contact with all top exchanges. But now we are more willing to focus on product development and entering other markets, as long as we increase the profit line. After this step, top exchanges will become a priority

    Question: The next question comes from @lngram
    When will Fly Dark Pool be open to retail investors?
    Vladimir Demin: In fact, the basic concept of dark pools is to serve large transactions. This is the main competitive idea, and the entire crypto market now lacks it. Large transactions are very profitable and provide incredible stability to the market.
    However, the competition in this land is very demanding. All players should be professionals, have huge liquidity, and avoid any risks through complex KYC.
    Basically, retail is not allowed to work at this level. Fortunately, encryption still has the opportunity to allow retail investors to enter. The DEX add-on for the Black Sea Dark Pool will allow retail investors to share liquidity (even for small liquidity) and allow big players to use it in trading. We plan to open this opportunity as soon as the Black Ocean dark pool is launched.

    Question: The third question comes from @xishang
    When will NFT go live?
    Andrei Grachev: It will be broadcast live this fall, probably in the first half of October. The team is on it now, and we are exploring the market for new trends and ideas. Due to the rapid growth of the market and its solutions, we have caught up with the trends and show you the right products.
    Vladimir Deming: Of course!

    Question: The next question comes from @presentforlove
    Do you think you have the most basic infrastructure needed for permanent residence?
    Vladimir Demin: We have completed most of the development work and are now about to complete the testing. We are professionals, so testing takes time, but it is forever. The entire infrastructure is up and running, and we are ready to shine in the market soon.
    Andrei Grachev: Yes, we did some important things for the Black Ocean Dark/Liquidity pool yesterday, which will be disclosed in the following report)

    Question: We got the next question from @berkanatas
    Most investors only focus on the price of short-term tokens, not the actual value of the project. Can you tell us the motivation and benefits of investors using FLy tokens for a long time?
    Vladimir Demin: Our current goal is to put Fly in the wallets of all traders. This is a very difficult task, but we will achieve it bit by bit. Can you imagine how powerful the trader is? They can push the market in a certain way, accept or completely ban certain services or tokens, etc. But the most important thing is that they make money. Are you interested in sharing part of the profits of the entire trader ecosystem? hope so. Fly is designed for this.
    Andrei Grachev: This is an interesting study, but when Fidelity explored customer accounts, they realized that most successful investors are holders. They don’t do anything, just buy and hold. Of course, we can see the market’s volatility, the price first rises and then falls, but if a project, company, team and product do well and do well behind the ass-you will be the winner in the long-term competition. This It is recommended to apply to any asset, try to look at Fly from this perspective =)

    Question: The next question comes from @popo1564
    What can I use it for (Fly)? What benefits can it bring to users? What are the advantages to attract more users?
    Andrei Grachev: You can enjoy airdrops and participate in token sales in BO Launchpad, use custody services at discounted prices, obtain passive income through liquidity mining, obtain trading signals through VRM, and obtain appropriate market forecasts and analysis. In the near future, you will be able to provide leverage to institutional clients and they will be able to get discounted fees in the Black Ocean Dark and Dark liquidity pools. For any type of market participant, FLy has many opportunities.

    Question: One more question comes from @rong222_1
    What do you think of the Chinese market?
    Vladimir Demin: China is a leader in the crypto world, and I hope this situation can continue. Now we are seeing huge changes in the mining and exchange fields, but I believe this will soon become normal. The more regulated cryptocurrencies become, the more stable and ultimately… will involve profits
    Andrei Grachev: Due to strict restrictions and regulations, the Chinese market is going through a difficult period, but apart from that, it is still the largest. The market, this is very important for both the crypto industry and us.

    Question: The last question comes from @ok1113
    Mainland China is a developed area for blockchain technology. What is the publicity plan of this project in mainland China? What is the future layout of defi, NFT and overseas markets?
    Andrei Grachev: Our goal is to serve and cooperate with Chinese companies and cooperate with major players, because most major companies are from China and Southeast Asia

    2. The second part of the AMA session “Live Streaming”

    Question: Can you tell me more about the team and some of their background? I have personally seen many projects started by inexperienced team members, and some of them have not progressed smoothly due to avoidable mistakes.
    Vladimir Demin: You can view all team details on our website. The team is really a dream. We have more than 20 people with experience in trading, venture capital, product development, etc. We also have 5 PhDs from leading universities in the world.
    Question: Do you have a Token Burning plan to increase the value of Token and attract investors to invest?
    Andrei Grachev: Of course, we will destroy tokens every month)

    Question: Where is the road map now? Are all goals in line with the current roadmap? What next steps will be taken in the future?
    Andrei Grachev: https://bo.market/roadmap/ Please have a look)
    Question: What are the competitive advantages of this project. Does this make you feel confident?
    Vladimir Demin: We trade on all large and medium-sized exchanges. Therefore, we understand how this market works and what it takes to succeed in this market. Our strategies and products are largely based on artificial intelligence, and we believe in data. This method allows us to profit in almost all market conditions. This gives us confidence in what we are doing
    Question: Do you have an AUDIT certificate, or are you trying to AUDIT your project to make it safer and more reliable?
    Andrei Grachev: Of course, https: //tokenfly.co/smart-contract-audit-report/ Please take a look at this important news)

    Question: COVID 19 has slowed down many economies around the world, but as a cryptocurrency business, has it affected you negatively or positively? Second, can you still achieve your goals as stated in the roadmap?
    Vladimir Demin: Actually, we even benefit from this lockdown and COVID restrictions. Even before COVID, 90% of our work was very remote because we were very international and our teams were located in many countries. Now, 100% of our work is done at home. Now we have more intensive meetings (via zoom or WeChat), our partners are used to making decisions quickly over the phone, and we have no travel expenses at all. These are all good.

    Question: How do you plan to spread knowledge of your project in countries/regions where English is not good, such as Indonesia, Vietnam, India, Bangladesh, and Iran. Do you have a local community for them to better understand your project?
    Vladimir Demin: Currently we have more than 20 local communities developing Telegram and WeChat. They are managed by local moderators in their native language. We plan to expand each regional language where the community is large enough, and eventually cover the entire world.