JULY 17TH Financial Blockchain Platform Membrana held an Ask Me Anything session at Membrana official telegram chat. From Membrana’s side, there was the Co-founder and CEO of Membrana.io — Yuriy Gerasimov.

Main points discussed today:

Community Operated Fund (COF) Announcement — we start to accept requests to join the current round of COF. Link to send application for investments here.

What is COF? — This is a dynamic portfolio, which is managed by our community traders. Tomorrow we are releasing a long read about it, so you can get all the details!

MBN.global — we are moving to a new server — mbn.global, which will be opened as we finished all the testing.

Artem Pervushin – professional trader that will manage this round of investments. He has an experience managing $400k portfolio, showing a 180% ROI in previous months! Join te round. Don’t miss the opportunity.

Presale Bonus distribution — bonus tokens for presale participants have been distributed!

Improvement regarding exchanges — currently we are in multiple communications with exchanges. There are a few very promising ones.

Project in the next 6 months — it will be a fully-featured platform with inner wallet, support of multiple networks and connected to most of the top exchanges.

Global Traders Competition comes to the end — details and distribution — It will be over in 1 week and a big article about it is currently preparing, moreover we gonna start our regular trading tournaments of the Membrana platform base.

Advantages over Competitors — they have different platforms from ours and become successful of an ICO hype. We experienced ICO recession, survived the hard crypto winter, made IEO. Well, then the horizon is clear, with all our perseverance we walk only way forward.

Sustainability of the platform and MBN token — marketing side, technical side, new server, email registration with Metamask as an additional tool, inner wallet developing

Wanna read the full text and more answers of today’s AMA? And the interview with a professional trader that will. Scroll down, enjoy ;)

Guys, thanks for your words! While I have this public word, let me make one announcement about COF.

Right now we start to accept requests to join the current round of COF.

We found a professional trader — Artem Pervushin to manage this round of investments. He has an experience managing $400k portfolio, showing a 180% ROI in previous months! Who are interested in working with him, can join this round of COF and trust assets under his management with the secure protocol of MBN platform!

Invest in Artem Pervushin

To know more about it — watch the full interview that we just uploaded on the Youtube channel. There you will also find a link for the application form and other important details. And yeah, feel free to drop any questions here.

Here is the link: https://www.youtube.com/watch?v=1VQr_PdJ9sM

(The trader is a native Russian speaker, but we’ve prepared a translation there. Use the subtitles feature in youtube!)

Here are the most interesting questions:

Q: Hi can you explain fully about COF. Likely returns in the future and when it is starting?

A: COF is described as a Community Operated Fund. This is a dynamic portfolio, which is managed by our community traders. Simply saying, we collect funds of interested investors, our own money and trust them to most promising traders from MBN platform. Part of the COF profits is paid as a reward for users who have staking level 2. Right now, we are ready to launch the first big contract with a professional trader from Russia — Artem Pervushin. We prepared a big interview for you, which you can watch on our official youtube channel. Also, need to mention, everyone can take part in COF activity! How? Tomorrow we are releasing a long read about it, so you can get all the details!

Q: Presale bonus not distributed still?

A: Bonus tokens for presale participants have been distributed!

https://etherscan.io/tx/0x27ce2f4f5368a7ac138f765a419465346bcc8d9458342abd70438fcf3a7fad9c

Q: Any improvement regarding exchanges

A: Currently we are in multiple communications with exchanges. There are a few very promising ones, and the question is mostly about the price. There is still much to be done from our side, but we all can take part in it! There was a great idea in the chat, that everyone can contribute a small share to pay the listing fee and if there is such a positive we definitely should go this way. To do it we will launch a poll for you to vote for a certain exchange (with the price for listing included) and then open a public wallet to start fundraising for the listing. We see that as a mutual interest for the company and the community, so I see it as a fair move to combine our efforts in bringing MBN to a bigger level exchange.

Q: Why so low or zero volume in exchange like ABCC and Probit. Volume was 0.32 BTC today. What are you going to do about it?

A: I can’t say this is a bad thing because right now the market is still in a shaky and weak stage. We have developed our own market making a bot, but there is no sense of artificially increasing the volumes without any increase in token demand. It’s not methodical process, which first of all includes major updates that are coming very soon (I will share them in further answers).

Q: Regarding Coinbar partnership, some details about them, please?

A: Coinbar is a group of blockchain experts that were our angel investors back in the days. Some of the Coinbar team members also work in the First Block Ventures company. They supported us in the funding and development, and we have further plans of supporting the MBN token because they are big token holders.

Q: Where do you see the project in the next 6 months??

A: It’s a very big question that can already take one hour of typing all the expectations. In a few words, it will be a fully-featured platform with inner wallet, support of multiple networks and connected to most of the top exchanges. Regarding the token, it will get a lot of real use cases with upcoming updates and see some action happening on the exchange.

Q: MBN competitor Genesis vision and Melon pot are doing good and its price are quite high. When it is said that MBN is superior to all of them?

A: Those projects were launched in ICO era and they fundraised dozens of Millions. Despite having a weaker technology they can just burn money on marketing. We went other way, providing the product first and got slowed down by the crypto winter which happened lately. We don’t blame the situation, it’s just the state of things we are in. We are going our way slowly and steady upgrading the platform and getting more and more connections.

Q: Any aggressive marketing you guys are going to undertake??

A: I don’t see any sense in aggressive marketing without an organic increase in demand. Our priority goal is to launch the token circulation inside the system and then put all the efforts in the marketing. I understand that every one of us wants a happy future and as soon as possible, but some stages really need time to develop and test before launching it in the public.

Q: Hello Yuriy. Nice to see you here. A question regarding traders competition. You said there is only one round left. Do you have info about further development? Token distribution and prize pool distribution for top 20 traders?

A: Yes, the trading competition will finish after round 50. There is a big article about it, that is currently preparing by the marketing team. We saw many good things in the competition and also a few mistakes that were done by us. Need to say, that we see traders competitions as a big thing and want to check different rules and schedules. After finishing of the Global Trader Competition we will launch a regular trading tournament with paid ticket entry, so you can compete for cash prize pool which is based on the number of entries. Not many details in this AMA, but we will cover the status of the current one and the upcoming championships in Medium article during this week.

Q: I learned Binance CEO listed COSMOS free of charge because he was WOWed by what the COSMOS technical team did in the course of 2–3years, any practical steps taken in this direction to get the attention of top 10 exchange owners.

A: Yeah, this is a great story to learn from! I can say that the COSMOS team has a great backup by institutional funds that helped a lot. For getting into Binance there is one possibility with implementing Binance chain, getting into Binance DEX and then hope for the main exchange. We got these steps in our development roadmap, but only next month.

Q: What is your advantage over 3commas platform?

A: 3commas is a service that provides only trading algorithms. MBN is a financial platform with multiple features, that include algo-bots as a service. We have already released a connector for algorithms and you can test it by connecting your software to Membrana Public API. Our next step is to find a reliable partner to connect their bots to our platform. I can even say we found one, but still bargain for the best price for the users.

Q: Can US residents use the platform?

A: Yes they can. That’s a big market for us, because for example US citizens cant use Binance, and we can provide them such possibility. Same as China.

Q: Great news Yuriy! Now, can you please share for beta testers, you said we will get extra points/tokens. when will we get them and how much?

A: I will ask my team to inform you in Beta Testers Group about it!

Q: What is the possibility of adopting BInance strategy of burning token as they are being used?

A: To be honest, Binance is a little bit “crossing-borders” with its token usage. They are definitely more into security tokens than a utility. We can’t take such risks, so we are a bit more conservative. The thing that we are planning to do — is to buy back tokens from the market, from the FIAT funds coming as a payment for the features of the platform that are gonna be provided as a monthly subscription.

Q: Is there any plan in the future to own your exchange platform and make MBN the adopted token?

A: We got our own exchange engine developed to test everything, but we don’t wanna rush for two rabbits at the same time. After the full release of the MBN platform, we will see if the exchange is the best move to do.

Q: What is your plan in tweaking your model to allow PAMM account operation like what is being done by Alpari in Forex market? PAMM is percentage allocation management module.

A: Our asset management algorithm is same as PAMM account in the forex market. Like really the same thing. We are exploring ways to scale it to classical markets, because our technology allows us to do so, but there is a huge legal work to be done. if only everything can be done at the same time, then we would live in a different world!

Q: Considering its use case, what is the MBN team doing over and beyond the current level to ensure the sustainability of the platform and MBN token?

A: I’ve mentioned it a bit, that our plan is to set the token usage first and then push the marketing side. Regarding the technical side, there will be a big shift with the adoption of the MBN platform and usage of the native token.

First of all, we are moving to a new server — mbn.global, which will be opened as we finished all the testing. (expect to see it live this month).

Secondary, we set aside login with Metamask and go towards email registration with Metamask used as an additional tool.

Thirdly, and I think most importantly, we are developing an inner wallet system, that will allow people to use platform smooth an easy without any hassle with their assets. It will not only ease the way how you interact with traders or system but allow some unique features like, for example, trading without any registrations on an exchange (again, hello US and China citizens).

Q: Hi Yuriy since you are not on social media, can we know from where you have graduated, past experience, and how you started or when you got this idea about MBN?

A: I was born an raised in Saint-Petersburg, Russia. My education in engineering in the field of steam and gas turbines. Yeah, it’s quite far from the crypto field, but there were no cryptocurrencies those days.. heh! The story of MBN started in early 2017 when I and friend tried to trust our assets to someone and we found no reliable tool to do so. Then as an engineer, if you see no tools, you create your own. That’s a short story of how the idea was invented and it became a passion that we live with for more than two years.

Q: Do you plan to integrate something like chat or newsfeed for traders in COFs? So people can see trading ideas and learn?

A: Yeah, we are now searching for devs to create a toolbox/chat for us, so people can talk in the platform and post their trading ideas! That’s a must-have thing!

Q: 180% ROI in previous months. Over a period of how many months to be specific?

A: During 4 months

Q: Can you show us a tour of your office in Russia?

A: That a good idea, we’ll try to make it happen!

Q: Before you go, I noticed a few participants in the AMA session, do you have ways you communicate your progress to the institutional investors aside the telegram group.

A: This is done mostly with emails to companies and funds. If you have ideas about how to make it more efficient, I would love to hear them!

Q: Special thanks to Kirill, Jason, and other members of your team for supporting this reliable CEO, and the vision generally. You guys are amazing! Thanks, everyone. We have had a wonderful session tonight. God bless us all.

A: Totally agree with you! Let’s do not forget our friends and co-worker, who also work hard to make our dream possible.

Guys, thanks for your questions!

As mentioned we try to get used to this good habit to have weekly AMA sessions here in the chat.

As always, it’s been a pleasure to answer your question, guys! Feel free to question the COF and how to participate in the current round. But first — watch the video, cos it will already enlight lots of things for you. Here is the link: https://www.youtube.com/watch?v=1VQr_PdJ9sM

(The trader is a native Russian speaker, but we’ve prepared a translation there. Use the subtitles feature in youtube!)