AMA with OneButton

Decentralized Club
10 min readOct 14, 2021

Introduction with OneButton

auria:
Q1. Can you briefly introduce the project One Button Trader?

Roman:
If I need to explain what we do in OB in one sentence it would be "we create easy-to-use and effective trading tools powered by smart technology".

Our main product is called "One Button Trader" which is an automated cryptocurrency trading platform that allows its users to create AI-powered trading bots that trade on various cryptocurrency markets 24/7. The platform aims to minimize the complexity of manual trading and substitute emotions in trading with smart technology that takes calculated decisions and risks based on market trends and data.

At its core, the platform is built on top of existing centralized cryptocurrency exchanges like Binance, Kraken, and Bitvavo. By doing so your funds are always safe in your wallet and you only allow our bots to trade with a specific balance from it.

Join our group for more details - @onebuttontrade

auria:
Move to the second question 😊

Q2. What critical problem does "One Button" solve that existing solutions are not solving and what's the competitive advantage?

Roman:
There is a highly negative connotation about automation (especially AI-powered ones) in trading since the tools up until now have been either complete scams or highly ineffective. We are currently on the rise of retail automated trading tools and I believe they are here to stay.

What we believe One Button Trader is superior over its competitors are a few simple things - effectiveness, transparency, and simplicity. We aim to capture the chaos in the cryptocurrency markets and earn a great return on investment for our users while actually providing them with the functionalities they need in order to make the best of their automated trading experience.

Currently, there are not many platforms that actually combine all of those characteristics. Many of our current users come from our competitors' platforms, so I believe we manage to actually keep our vision.

So, yeah, there is very little where AI is used as an underlying mechanism for trading (executing trades and placing orders). Most trading solutions use technical indicators (like Moving Averages, Bollinger Bands, etc.) and their different combinations to make a trading strategy. But all these strategies are based on mathematics and formulas — not something you can call an AI.

OB Trader is the first public automated trading tool that uses only AI for decision-making. OB Trader is an AI that actually trades for you.

Join our group for more details - @onebuttontrade

auria:
Move to the 3rd question 😊

Q3. How to set up an account and choose my AI at One Button?

Roman:
One Button Trader is for everyone. Our main goal is to simplify the trading process and get to the "one button" experience (we actually use that term internally within the team haha).

What you need to do in order to start trading is:

1. Connect a centralized cryptocurrency exchange.

2. Choose one of our AI bots.

3. Choose a market (we actually suggest the most suitable for each AI bot).

4. Set a balance you want the bot to trade with (we currently use USDT, BUSD and EUR based markets).

You are done ✅🚀 (of course then you can monitor the performance of the bot).

We also provide many blog posts for beginners that introduce them to the platform. you can check them out here https://www.onebutton.trade/blog

Or feel free to ask any question here - @onebuttontrade

auria:
Move to the 4th question 😊

Q4. Whats the motivation for this project?

Roman:
For a long time, AI/ML trading tools were only available to institutional investors and big whales on the market. With this technology becoming more accessible, we wanted to implement a simple online app that will allow even a regular crypto investor to get access to such tools. You don't need to be an institutional investor to make profits on the market.

I agree, it is everybody’s dream to build the trading AI that will make you rich for a few generations ahead and secretly use it to generate wealth.

But we realized that we currently simply don’t have enough data, power, and resources to understand the full potential of OB Trader. Without the data, it isn’t easy to define the best-performing bot types and market pairs. And, of course, all investment comes with risk. Without enough data about the performance, it won’t be very smart to sell all your assets and invest them into the trading AI.

That’s why the core goal right now for OB Trader is to gather more data about the best combinations of market pairs and bot types. This data is also publicly available for everyone to see on our stats page https://app.onebutton.trade/stats.

Another reason for making it public is that we love creating great and easy-to-use web applications. We are incredibly proud of the UX of our OB Trader dashboard.

And lastly, we want to make it transparent. One of the core values of OB Trading is transparency, and it also reflects in the way we build our products. We feel like there is great potential in sharing your ideas with the public, which can lead to something extraordinary.

To summarize, OB Trader is an innovative trading AI tool that lets people easily create trading AI on their favorite exchanges with one click of a button. AI-driven trading can give an edge on specific markets and improve ROI in cryptocurrencies.

Feel free to join us - @onebuttontrade

auria:
Move to the 5th question 😊

Q5. What is the utility of $OB token and how do we aquire it?

Roman:
Our total supply is only 10 000 000. Please check this page - https://www.onebutton.trade/token or our Telegram group - @onebuttontrade to get additional info.

Our IDO will start tomorrow (14th of October) on Lithium launchpad.

$OBT token will allow much more seamless integration of the services and offers a substantial amount of utility to the token holders and One Button Trader users.

The primary use case of OBT token is on the One Button Trader online platform itself. Many of the existing product features will be closely tied to token usage creating a clockwork-like token-driven product ecosystem.

We aim to use the token as:

- "Fuel" for our AI which will remove the need for FIAT-based subscription models. It will allow us to charge a small amount of token for each trade the AI takes (similar to a cryptocurrency exchange)
- Reward for our users when they refer new users to the platform
- Reward for AI developers that publish new AI strategies on the platform
- Discount on bot "gas" fees in based on the tokens that the user holds

For example, after a user launches the AI, the OB Trader system will charge a dynamic fee for each trade made by AI. The fee will be taken from the existing OBT token balance based on the trade volume. The system will automatically calculate the appropriate amount of fees to be taken using the up-to-date price of the OBT token and the traded asset.

Read more about our tokenomics in the pinned messages and follow updates on the upcoming launch (Oct 14) in our community - @onebuttontrade

auria:
Q6. Can you tell us about what are you guys focusing on delivering further in this year ?

Roman:
We have a lot of great features already implemented, such as 24/7 automated trading AI, limit orders, stop-loss, public statistics, Binance, Kraken, Coinbase integrations.

But even more upcoming, such as:

- Futures trading AI - AI that can trade with leverage with longs and shorts
- Portfolio management AI - AI that will trade on multiple markets at the same time and take advantage of the price difference between them
- Tokenization of the system - the tokenization of the system is a natural next step for our product in order to enhance transparency and allow our users to use their $OBT on the platform as a "fuel" and also allow them to earn $OBT. You can learn more about it on our token page → https://www.onebutton.trade/token
- AI trading marketplace - allow talented individuals/collectives to publish battle-tested AI strategies on the platform so that other users can make use of them.

More info about our roadmap you can get here - https://www.onebutton.trade/token (Roadmap section).

Don’t forget to join our Telegram group - @onebuttontrade to follow our success further/be part of it!

Community ask questions from Twitter

auria:
Does your team consider community feedback or requests during product creation to expand on new ideas for its projects? Many projects fail because they do not understand the target audience and customers. So I want to know who is the ideal consumer for Onebutton products?

Twitter question
@Greyhair_08

Roman:
We love to build the product with our users. We actually do frequent user interviews, integrate various tools to measure consumer satisfaction, and of course, we discuss ideas daily with everyone on our Telegram channel (you should definitely check it out 😛)

We don't think we know it all and we definitely don't have it all figured out, so we build One Button Trader closely with everyone in our community.

We would love to have you on our Telegram community → @onebuttontrade

In terms for our ideal consumer - we believe our main target group are crypto enthusiasts and early adopters of trading technology.

auria:
Can you assure us that this won't be one of those projects that come out, do a lot of marketing sell their tokens & just disappear or under perform? How secure & safe is your smart contract from vulnerabilities & bugs that even the developers can't exploit it?

Twitter question from
@Greyhair_08

Roman:
One Button Trader for us is more than a short-term project. It is an idea, a vision, a solution that has a much bigger goal so we believe it is here to stay.

Our smart contract code is relatively straightforward, but at the same time secure and well-documented. The contract itself is surely safe, since it's based on the highly audited and battletested OpenZepplin.

And the extensions we made are only limitations built on top. Our vesting schedule (the main extension) uses a 'latch' mechanism, so once it's in place it can't be changed - https://github.com/ob-trading/OBT-Token

auria:
I read that Performer v7 is trained using evolution strategies. My question is, how does this model help to significantly increase speed and performance in training compared to other types of AI models? What makes Performer v7 unique?

Twitter question from
@TheShadowJK_1

Roman:
All OB AI are trained using evolutionary strategies. But the Performer is the seventh generation of the new bot types based on the Performer AI architecture. It is an innovative machine learning framework that significantly boosts speed and performance in training compared to other types of AI models.

Combining Performer model type with trading markets makes Performer v7 stand out compared to other trading bots.

Don't forget to join our Telegram community for details → @onebuttontrade

auria:
Mostly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?

Twitter question from
@zh005596

Roman:
We don't prohibit investors from selling the token as we believe it's their right to do so. We are confident in ourselves, the team, our community, have a strong product that generates revenue, and a very promising roadmap. We believe the investors share the trust and confidence in the product enough to stay there for the long term.

It is beneficial to hold OB tokens as we included mechanics such as referral rewards and profit-sharing. OB token holders get the following benefits:

- Discounted fees on the OB Trader platform.

- Access to the premium top-performing AI/ML strategies.

- Priority places in order placement queue for their OB Trader AI.

- Receive 10% of the profits made by OB Trader on a quarterly basis proportionally to their OB Token holdings.

- Governance - ability to prioritize features on developer's roadmap.

Join us @onebuttontrade to become a part of our project!

auria:
Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable??

Twitter question from
@Shekhfo50636344

Roman:
Sure, let me share some fresh news regarding that - our smart-contract was audited by the premium blockchain auditor Antier Solutions and there were no issues found.

The final version of the audit will be published within the next 1-2 days.

To check the updates, join us in Telegram @onebuttontrade

Live Questions answered by OneButton

1)Karim:
From which platforms can I buy your tokens? What is the demand for your token?

Roman:
We will launch the $OBT token tomorrow on the Lithium ventures launchpad. You can be part of it here -> https://lithium.ventures/

You can also check our token page for more information - https://www.onebutton.trade/token

Also join our group for instructions, guides, etc. - @onebuttontrade

2)Gromulde Hun Ras:
Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?

Roman:
We will implement a coin burn mechanism into the trading fees to slowly deflate the market cap.

We will also do discretionary token burns for achieving specific milestones (e.g. 10,000 users, 20,000 active bots, etc.)

Join us for more details @onebuttontrade

3)CO ∆ { Win Or Lose }:
Many Project talks only about their Strenghts, Can You talk about the weak point that You project is Currently Dealing With?

Roman:
The primary weakness is a relatively low number of supported exchanges and market pairs, but we plan to integrate at least 10 more exchanges and 1000 market pairs after raising the IDO round.

For more info on the upcoming features, join our community! @onebuttontrade

4)Kunle-Ligali Precious:
What is the long-term vision of ONE BUTTON for its users ?

Roman:
Our main goal is to simplify the investment process and get to the "one button" experience.

5)Hello H:
How many team members do you have? Do they have enough experience in blockchain?🙇‍♂️
-I want to invest in your project. Where can I buy tokens?🙈

Roman:
Team at OB Trading consists primarily of technology experts with a heavy focus on AI/ML development and product design.

With a track record of dozens successfully implemented digital apps (web & mobile) including in the fintech space, the team has proven to be suitable for developing AI trading products at the commercial level.

The team at OB has access to vast networks of potential investors, advisors, and local communities of crypto enthusiasts in the Netherlands.

Sure, we will launch the $OBT token tomorrow on the Lithium ventures launchpad. You can be part of it here -> https://lithium.ventures/

You can also check our token page for more information - https://www.onebutton.trade/token

Also join our group for instructions, guides, etc. - @onebuttontrade

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