B21 AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Nitin Agarwal, Co-founder of B21.io
Co-founder of B21.io, Nitin Agarwal
Hello Everyone
Very Glad to meet everyone here
CryptoDiffer team
Q1: Can you introduce yourself to our community ?
Co-founder of B21.io, Nitin Agarwal
I am Nitin Agarwal. I am the cofunder of B21 – a crypto investing platform. We are the gateway to crypto and Defi to millions of users.
I have been in payments space for 15 years and have experience in Banking, Payments and Crypto. Worked in Banks, PayPal and Wave Crest.
Our last project was a crypto linked debit card aka bitcoin debit card where we had over 1Mn users and over 2 Billion in volume.
I have been in crypto since 2013 and have had a product in crypto since 2014
I am a product Buidler by heart …
CryptoDiffer team
Q2: Can you briefly tell us what is B21.io in 3-5 sentences?
Co-founder of B21.io, Nitin Agarwal
Overview : B21 Invest makes investing in crypto assets easy for anyone
Mission: B21 Invest is focused on bringing crypto asset investing mainstream with a focus on retail investors.
Exchanges and other platforms make the process of investing into crypto assets complicated for mainstream investors.
B21 offers an easy to use mobile app that enables users to create their own customised portfolio of crypto assets and to make investments using their credit/debit cards, bank transfers or local payment methods. It also offers an interactive dashboard that monitors portfolio performance in real time. B21 Invest also simplified earning passive income through Defi, with our simple on/off button to stake or unstake assets.
B21 Invest has also made withdrawals easy and can be processed directly to users bank accounts or to a B21 crypto linked payment card.
We are bringing next 100Mn users to crypto
The multi-coin, multi-exchange trade engine connects to multiple exchanges and finds the best price to execute the trade. We also bring staking of the full portfolio to earn rewards / passive income.
CryptoDiffer team
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans
Co-founder of B21.io, Nitin Agarwal
Mobile app LIVE in 65+ countries with thousands of users. We are also live in US
App Features :
Create a customised portfolio of cryptoassets and start investing with as little as $25
Invest using Credit/Debit cards, Bank transfers and local payment methods
Invest in or sell portfolios in a few clicks
Instant buy and sell of coins
Simple UI that is targeted at first time investors
Sell assets and withdraw anytime to bank account or crypto card
Highlights:
Raised $2.1 Mn in seed round
Experienced, proven technical have been building in stealth mode since 2018
Highly experienced founders specialising in scale, regulated fintech businesses
Regulated and Insured – so the safest and most trusted way to invest in crypto
Let me go to some future plans
1. Token is listed on hotbit
2. Listing on bitfinex tomorrow
3. Launching staking with DeFi in Jan 1st week – under testing
4. Launching crypto linked credit cards January – under testing right npw
5. Thousands of users and growing daily.
6. Have thousands card orders from Asia – so the number of users will grow substantially from here on
CryptoDiffer team
Awesome, a lot of updates to come out!
Thank you for great answers!
I think it is time to start community questions round!
Cryptodiffer Community
According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?
Co-founder of B21.io, Nitin Agarwal
Staking And cards – this is the BIGGEST priority and then comes users
We just now raised funds and are ready for BIGGER and better things. We are VERY excited for future. We beleive bringing crypto in hands of every day user will drive adoption and grow the community even further
Cryptodiffer Community
B21 started with a simple goal of bringing cryptos in the hands of masses but it is still very complicated for a non techie to invest in crypto. How do you aim to solve and bridge this gap?
Co-founder of B21.io, Nitin Agarwal
Hakeen – try the app. Once you have registed and complete KYC. Buying and selling is withing clicks. It is the easiest way to buy crypto – even my mom can use it. That is the benchmark we have used to design the product. App is available to download from iOS and Android stores. Link can be found on www.b21.io
Cryptodiffer Community
Explain what B means and the numbers 21?
Why did you name this project B21?
Co-founder of B21.io, Nitin Agarwal
B means bitcoin and blockchain and
21 refers to 21st century and 21 Million bitcoin finite supply
Cryptodiffer Community
In addition to crypto, what form of money can users top up on the B21 application platform to participate in making a profit? How fast is the processing speed of transaction volumes and system optimization of B21 to optimize the user experience?
Co-founder of B21.io, Nitin Agarwal
You can use credit / debit card and bank transfers also. We keep adding more and more payment methods for users to be able to buy crypto
Cryptodiffer Community
I see B21 have VIP account system, what are the requirements to become a VIP member? What exclusive benefits do VIP members receive?
Co-founder of B21.io, Nitin Agarwal
You need to hold and stake 300 B21 tokens to become a VIP and unlock more features and also be able to get lower fees
Cryptodiffer Community
Does #B21 have to first verify “KYC” to make a withdrawal or deposit or just google Authenticator and What is the exchange B21 listing
Co-founder of B21.io, Nitin Agarwal
As the solution is fully regulated in US we have to make sure every user is fully KYCed
This brings in trust in users also.
My friends, my mom, dad can invest in crypto without worrying about technical knowledge and can trust in B21 as it is regulated
Cryptodiffer Community
What type of marketing services providing by The B21 project? Can you explain briefly? Is profits devidents divided to $B21 token holders? How please explain?
Co-founder of B21.io, Nitin Agarwal
We are using an omni channel approach to marketing, local communities, referral marketing as well as partnership with large user groups.
We provide incentives / staking rewards on all tokens that the user stakes from their portfolio.
We also reward users on $b21 rewards. We also buy back tokens from market
Cryptodiffer Community
What are the main markets that B21 is focusing now? What is your marketing strategy to access to these markets?
Co-founder of B21.io, Nitin Agarwal
Largely US and Asia – Specially south east asia and Japan and Korea. These are VERY big markets for us.
Cryptodiffer Community
I saw B21 going on a partnership with Matic. My question is what are the benefits to you? Looking to add more new partnerships in the future?
Co-founder of B21.io, Nitin Agarwal
B21 and Matic share the same philosophy of bringing crypto to the masses.
We recently collaborated to celebrate Bitcoin all time-high with a massive community giveaway –
We are keen to form collaborations with anyone looking forward to crypto mass adoption
B21 and Matic share the same philosophy of bringing crypto to the masses.
We are keen to form collaborations with anyone looking forward to crypto mass adoption.
Cryptodiffer Community
Do you currently have a bug bounty, shilling contest or ambassadors program we can take advantage of?
Co-founder of B21.io, Nitin Agarwal
Yes! So our aim is to make B21 a one stop shop for all securities, stocks and assets. Very soon, B21 users will be able to invest in all of these assets from within their mobile phones1
Cryptodiffer Community
The B21 card seems to be a really promising project for platform users. Can you give us a short overview about the performance of the card? How can we acquire the card and where will it be available to use?
Co-founder of B21.io, Nitin Agarwal
We specialise in cards! We launched the crypto linked cards back in 2014 and we have introduced B21 International on the mobile app
These will be best in the industry cards which you can use to shop, spend or withdraw cash. There are 4 types of cards available on the app based on the limit 🙂
Cryptodiffer Community
The B21 Bishops Program seems to be a benefitting project for new crypto investors, is that right? What are the principal advantages this project offers to new investors? Is one of your goals to arise interest in non-crypto users?
Co-founder of B21.io, Nitin Agarwal
Yes!
So you must have been asked multiple times by your friends and family about Bitcoin and how to invest in it. By being a part of B21 Bishops program, you can explain them the importance and the philosphy of this asset AND earn rewards by making them take their first step in crypto!
Cryptodiffer Community
Can you provide an overview of your tokenomics? Will the design of the token increase and decrease with the success of the platform, does it include any scarce pathways, such as equity, storage, or burning?
Co-founder of B21.io, Nitin Agarwal
Here is a pic which gives idea about our Tokenomics 🙂
You can acquire the B21 VIP account by holding 300 or more B21 tokens on the platform.
VIP accounts holders will get access to low transaction fees, exclusive bonuses and more exciting features!!
Co-founder of B21.io, Nitin Agarwal
Very good questions! I think I have answered most of them
If I missed out, please join our Telegram group to get in touch with us – https://t.me/B21Official
Cryptodiffer TEAM
Thank you for you answers, it was an insighfull session
Thank you everyone who participated, great questions as always!
