Q&A with CMO of SnapEx: Finding Opportunities to Grow in a Bear Market

LT Heyday Culture Communication, Shubei Technology, and Network Maker, Taiwan’s professional blockchain promotion agency, hosted the first Taiwan Salon event by the Victoria Harbour Blockchain in Taipei. The investment salon was also held for the first time in Taiwan, centered on the discussion of development of blockchain projects in Taiwan and the prospects of cooperation between Hong Kong and Taiwan companies.

One of the main speakers of the event was Ee Wui Yang, the CMO of SnapEx — a global service-oriented SCT (Simple Contract Trading) platform. Prior to joining SnapEx, Wui Yang previously served as the vice chairman of the Malaysian Social Alliance and the president of the El Salvador Reconstruction and Development Program.

In the keynote speech entitled “Plan in Bear Market for a Win-Win Cooperation”, Wui Yang noted that the bear market became an opportune entry point that spearheaded the development of SnapEx. Wui Yang elaborated about SnapEx’s simple contract trading framework, its cost and risks, and its key differences compared to spot trading. (Learn more: https://bit.ly/2CHcOFw)

“I am very grateful to the Victoria Harbour Blockchain for providing such a good opportunity. After conversing and discussing with many Taiwanese industry insiders at the meeting, I have a much clearer, in-depth understanding of the Taiwan blockchain environment and met many excellent industry talents. At the same time, it is also said that a good, modest environment that can flourish to a larger scale space, which is conducive to the development of the blockchain’s ecosystem,” Ee Wui Yang shared.

During the panel discussion, Oxmag and Network Maker posed a series of questions to Ee Wui Yang:

Oxmag & Network Maker (O&NM): From the perspective of an exchange platform, how do you survive in the bear market and what kind of infrastructure should be created?

Ee Wui Yang (EWY): For SnapEx, it does not matter whether the market is bullish or bearish. When people make a lot of money quickly in a bull market, very few people are able to think rationally. Now that the bear market is here, it’s time to rethink what happened. It’s a good time to learn see the true strength of the investor and of a company. Both individuals and enterprises must try to enhance their strength. When all the necessary elements in the market are stable, the system is bound to strengthen.

O&NM: SnapEx is an SCT (Simple Contract Trading) platform that supports cryptocurrency contract trading, but currently, not many people invest in cryptocurrencies. How can we lower the threshold for more traditional financial investors to understand cryptocurrency contract trading?

EWY: Anything new will need time to develop, and finance is no exception. For investors, cryptocurrency contract trading is a part of the evolution of financial development. The economic benefit of contract trading is the best motivation for investors to learn and get started. And learning naturally helps investors get over the perceived high threshold. For SnapEx, providing users and investors with a simple and easy to use platform, convenient operation, and friendly user support will help to lower the entry barrier.

O&NM: In relation to the next bull market, what conditions or signs does the market need?

EWY: This is a big problem. I cannot say it for sure, but it could be discussed from theese following aspects: Firstly, regional laws and regulations should be completed as soon as possible so that participants can feel that their security will be protected and thus attract traditional capital investors. Secondly, the correct concept of virtual currency should be conveyed to the market and the public, especially during a bear market. Thirdly, blockchain technology needs to land as soon as possible to create more real-world applications, so that more people will participate in the space.

O&NM: Finally, compared to other exchanges, what are the advantages of SnapEx?

EWY: SnapEx is a global service-oriented SCT (Simple Contract Trading) platform. SIMPLE means easy to use, safe, instant transaction, low investment threshold. In addition, we also have four major advantages:

1. Deposit/Withdrawal — Real-time, fast, and transparent

2. Price — Based on the price of 4 major exchanges, ensuring lower price volatility

3. High Leverage — Up to 100x leverage on cryptocurrency contracts

4. Robust System — Independent R&D system, high code confidentiality, high flexibility, best-in-class security

SnapEx is determined to break into the market with a bang, beginning with the Asia-Pacific market, and then expanding globally. SnapEx is looking forward to more strategic partnerships for market expansion, community building and knowledge exchange.