LBank AMA Recap with $IKI
On August 30 , we held an AMA with the $IKI team, hosted on LBank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.
Guest:
Hello everyone!
I’m excited to have the opportunity to introduce you to our innovative new token, IKI!
As the world of cryptocurrencies evolves rapidly, we at IkiPay are committed to providing you with a unique and trustworthy experience. The $IKI token will soon be available on the reputable LBank exchange, and we believe this new step will offer significant investment and profit opportunities. 🚀
I’m Xabiz, Support Manager in ikipay. ikipay is a financial platform that serves clients crypto based features
Question1
1.Has $IKI undergone a security audit, and how does the platform ensure protection against hackers to ensure the safety of investors and the community?
Guest:
The IkiPay company, in order to operate simultaneously with banks and various decentralized financial networks, is required to adhere to common security standards. Therefore, from the very beginning of its activities, IkiPay has adopted and implemented specific international regulations and laws in the field of financial security and payments to gain approval for collaboration with banks in Turkey (and other countries in ongoing negotiations).
The implementation of these regulations and standards is continuously reviewed and approved not only by the IkiPay security team but also by regulatory organizations. These standards ensure that the security of users’ assets is protected at the highest levels while not conflicting with the interests of the decentralized financial world.
One of the reasons for utilizing the BNB network for the issuance of the Iki token is to enhance user security in projects related to IkiPay. As a financial platform that provides a foundation for the execution of projects and innovative business ideas in the field of money transfer using a blockchain network, IkiPay is always striving to stay up-to-date in maintaining the security of users’ assets and financial transactions.
Questions2.How can users benefit from holding the $IKI token? Tell us a little bit more about the token.
Guest:
IkiPay is more than just a platform offering direct services to users; it is designed to be a host for businesses across various industries that require streamlined payment processes aligned withsecure, blockchain-based methods. By leveraging its innovative approach, IkiPay enables these businesses to simplify transactions while ensuring the highest levels of security.
The business development team at IkiPay is constantly evaluating and enhancing the platform’s capabilities to better serve both users and businesses. One of the latest initiatives is the integration of IkiPay’s services into customer loyalty systems. This integration aims to simplify and secure the distribution of rewards through blockchain technology. The technical team is diligently working on aligning this feature with the IkiPay platform to ensure it meets the platform’s rigorous security standards while delivering added value to businesses.
These efforts are closely tied to the Iki token, which is integral to the IkiPay ecosystem. As the platform continues to expand its services, the demand for the Iki token will naturally grow. This token is not only introduced as a method of payment but also as a gateway to access various services within the platform. For instance, in a recent negotiation in the UAE, the Iki token has been selected as a pilot payment method on one of the cryptocurrency payment devices developed by a partner company of IkiPay, set to be implemented by a well-known brand.
In summary, as IkiPay expands its offerings and the business development team continues to broaden the network of businesses utilizing the platform, the usage and value of the Iki token are expected to rise. This growth provides significant potential for those holding the Iki token, as its value is likely to increase over time, aligning with the expansion of IkiPay’s services and user base. For token holders, this represents a substantial opportunity to benefit from the ongoing success and development of the IkiPay platform.
Question3.Xabiz, could you share more details on how ikipay plans to integrate with existing payment systems? What are the key milestones on the roadmap that will drive mainstream adoption of the IKI project?
Guest:
In the global landscape of payment systems, businesses must adhere to a set of established regulations and standards to successfully integrate and operate within existing infrastructures.
At IkiPay, we recognize the importance of aligning with these industry standards, ensuring that our platform is not only compliant but also optimized for seamless integration with the world’s leading payment systems. From the outset, IkiPay has prioritized meeting these requirements, enabling us to operate alongside major financial institutions and payment providers.
Furthermore, collaboration with mid-sized and large companies that are already established in this field has been a cornerstone of our strategy. These partnerships have provided valuable insights and practical experience, allowing us to refine our approach and ensure that our platform is both robust and adaptable. This real-world experience is critical, as it enables us to bridge the gap between innovative new solutions and the tried-and-tested methods that underpin the global payment ecosystem.One of the central strategies for driving mainstream adoption of the IKI project is through these strategic partnerships with key players in the payment and fintech industries. These collaborations are designed to leverage the expertise and established networks of larger companies, allowing IkiPay to integrate its innovative solutions into existing payment infrastructures seamlessly. For example, IkiPay’s recent partnerships have enabled the integration of its payment solutions into major e-commerce platforms and financial institutions, making it easier for users to adopt the IKI token as a preferred method of payment.
Another significant milestone is the introduction of innovative financial products like Save Now, Buy Later (SNBL) and Rent Now, Pay Later (RNPL), which are designed to meet the evolving needs of modern consumers. These products offer flexible payment options that are fully integrated with the IKI token, providing users with the ability to stake tokens, earn rewards, and use IKI for transactions. The development of these products not only expands the utility of the IKI token but also positions IkiPay as a leader in the decentralized finance (DeFi) space.
The roadmap also includes expanding IkiPay’s presence in key markets through ongoing negotiations and partnerships in regions like the UAE. These efforts aim to introduce the IKI token as a payment option on various platforms, including cryptocurrency payment devices, further driving its adoption. Additionally, the upcoming launch of the Buy Now, Pay Later (BNPL) system integrated with the IKI token will enable users to make purchases and manage payments in a decentralized manner, enhancing the overall user experience and encouraging more widespread use of the token.
As IkiPay continues to roll out these initiatives, the adoption of the IKI token is expected to increase significantly. Each milestone not only contributes to the platform’s growth but also adds value to the IKI token, making it an attractive option for both users and investors. The business development team remains committed to identifying and pursuing new opportunities that will further expand the reach and impact of the IkiPay platform, ensuring long-term success and sustainability.
Question4. How does IKIPay handle regulatory challenges in different jurisdictions, especially considering the complexities of the global financial system?
Guest:
So important question. In each financial case there are many legal issues.
To effectively handle regulatory challenges across different jurisdictions, especially within the complex global financial system, IkiPay employs several key strategies:
Compliance with Local Regulations: IkiPay ensures that it adheres to the financial and legal requirements of each country where it operates. This includes following regulations related to cryptocurrencies, anti-money laundering (AML), and know-your-customer (KYC) protocols.Legal Consultation: IkiPay engages local and international legal advisors to understand and comply with local and international laws, ensuring that the platform operates within the legal frameworks of different regions.
Managing Regulatory Changes: IkiPay continuously monitors changes in financial regulations and cryptocurrency laws, making necessary adjustments to maintain compliance.
Collaboration with Regulatory Authorities: IkiPay works closely with regulatory authorities and financial regulators in various countries to address legal challenges and streamline processes.
Adoption of Compliance Strategies: IkiPay develops compliance strategies and monitoring systems to ensure adherence to various regulations and to resolve legal issues effectively.
In addition to these efforts, IkiPay is deeply committed to safeguarding user privacy, which remains a primary concern for blockchain service users. Protecting user privacy is a challenge that IkiPay consistently addresses to prevent any disruption in its services.
Moreover, integrating traditional financial activities with new cryptocurrency operations can be confusing for individuals. At IkiPay, we’ve worked hard to ensure that users face minimal issues when using services that result from this integration, so they don’t get entangled in legal complexities.
Section 2
@Bejilat
When and where can I buy your tokens?
Finally a short answer 😁 This Monday, September 2nd in LBank
@gabbydickson100
Do you guys have a rewards for your community or an ambassadorship program to reward active participants
Yes! We have plans with the LBank exchange to reward active users, which will be announced during the campaign.
@Muhammad_ashik11
HELLO SIR,,,,
Do you have AUDIT certificate because AUDIT is for important any project and secondly Do you have a whitepaper? if yes please share it with us your whitepaper.
Guest:Hi there, for the first part, not yet and for second part you can find in in our website:
x.ikipay.io
@Muhammad_
What is your strongest advantage that you think will make your team leading the market?
Guest:
With the planned strategies, there is a very promising outlook for the growth of the $IKI token, which is continuously reviewed and updated.
Our strongest advantage lies in our commitment to integrating traditional financial activities with cryptocurrency services in a seamless and user-friendly way. We ensure that our users do not face significant legal issues or confusion when using our services, thanks to our robust privacy protections and focus on compliance with regulations.
Additionally, the initial offering of the IKI token on reputable exchanges like LBank guarantees ease of access, trust, and minimized transaction costs for our users. This strategic approach positions us well to lead the market as we continue to innovate and expand.
@tmore13
The security is the priority, many platform payment have been hacked, even though they have a high level of security. so how safe are the funds to be saved at IkiPay ? Give me 3 reasons why I should choose and use the IkiPay?
Guest:
Security is a top priority for IkiPay, and we understand the concerns surrounding the safety of funds on digital platforms. Here are three reasons why you can trust IkiPay with your assets:
Advanced Blockchain Technology: IkiPay utilizes cutting-edge blockchain technology, ensuring that all transactions are secure, transparent, and immutable. This decentralized approach minimizes the risk of unauthorized access and fraud.
Multi-Layered Security Protocols: We have implemented multiple layers of security, including encryption, multi-factor authentication, and regular security audits. These measures protect your funds against potential threats, making IkiPay a robust platform for your financial transactions.
Commitment to Continuous Improvement: At IkiPay, we are constantly updating our security protocols to adapt to emerging threats. Our dedicated team of security experts works tirelessly to ensure that our platform remains a safe and reliable environment for all users.
Choosing IkiPay means choosing a platform that prioritizes your security and offers peace of mind for your financial activities.
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