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Main / Blog / What is an AMA in Crypto?
Arthur Kardash
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What is an AMA in Crypto?

Recently, many startups and well-known crypto projects have been holding AMA crypto, the meaning of which is not always clear to inexperienced traders. That’s why many beginners are wary of an unknown concept but in vain. After all, with the help of a cryptocurrency AMA session, you can get valuable information on issues of interest and even financial benefits.

What is an AMA Session?

Ask Me Anything Crypto Sessions are an open dialogue between representatives of the crypto project creators with its customers and investors to attract the attention of users and potential customers to their project. Each participant can ask a question and get a detailed answer. First of all, this allows potential investors to learn more about the new cryptocurrency blockchain project. This also happens during the initial listing on major exchanges.

AMA session crypto can be held using any platform: Youtube, telegram/discord chat, sometimes Twitter. But most companies choose telegram as this messenger has the most convenient functionality. 

When launching new projects, the creators hold AMA sessions throughout the week, arranging 2-3 meetings a day to answer all the questions. Large projects usually organize an AMA crypto once every two to three weeks. The average duration is 1 hour and the cost of one session can reach $9,000.

Information about the AMA session is usually published on the official website or in the social networks of the project. Usually, a few days before the session itself, an announcement of an upcoming event appears, in which the main topics for discussion and possible guests are determined. Each participant can ask a question of interest by filling out a special form.

Why are AMA Sessions Held?

Open communication with the founders of the project is a great chance to learn important details and receive a small reward.

The main advantages of AMA sessions:

  • Dialogue with an experienced participant in the cryptocurrency market. Learning a new field of activity without a mentor is always difficult. But the opportunity to ask questions of interest to a person who has vast experience in crypto is a huge advantage for each beginner. The presence of a mentor can give the impetus that will put you on the right path of development and change your outlook on the market as a whole.

  • Guests and representatives of famous companies. Also, as part of open dialogue, in conferences, employees of large companies from the crypto industry can take part.

  • Interesting question reward. Each participant can ask their question and receive a monetary reward for it, or a prize in the form of project merchandise.

How to Make Money on AMA Sessions?

Usually, an AMA session takes place in the format of a response by a representative of a crypto project to users’ questions. Often, after the session, a few of the most interesting questions are chosen. The users who set them are rewarded with project tokens. Amounts vary up to $250 per winning question! The reward may be more depending on the company.

Also, sometimes in the AMA session, a second stage is held which is called a quiz. In the quiz, you need to answer questions about the project in a google form for speed or correctness, indicating your wallet data or contacts. Usually, the number of winners is limited (10-20 people) and they can get an amount from $5 to $40.

If you seriously take part in AMA Sessions for Crypto and Blockchain Projects, then with one AMA you can earn an average of about $100-250. Large projects constantly hold AMA sessions for their users. Therefore, it is quite realistic to participate in a minimum of 3-5 AMA sessions per week.

You don’t have to drain the tokens immediately, but wait a couple of months until their price rises. In this case, it’s possible to earn quite an impressive amount of money for the development of your crypto projects.

Useful information obtained during the AMA sessions will allow you to keep abreast of all the events in the crypto world. Those who have already gained experience in cryptocurrencies may consider creating their crypto project, contacting BEUROP specialists for advice to get guaranteed success. And the experience of participating in AMA sessions will help to notice all the nuances that arise when creating and developing your crypto business.

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TABLE OF CONTENTS




1. WHAT INFORMATION DO WE COLLECT?

Personal information you disclose to us

In Short: We collect personal information that you provide to us.

We collect personal information that you voluntarily provide to us when you register on the Services, express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.

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2. HOW DO WE PROCESS YOUR INFORMATION?

In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.

We process your personal information for a variety of reasons, depending on how you interact with our Services, including:
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If you are located in the EU or UK, this section applies to you.

The General Data Protection Regulation (GDPR) and UK GDPR require us to explain the valid legal bases we rely on in order to process your personal information. As such, we may rely on the following legal bases to process your personal information:
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  • Legitimate Interests. We may process your information when we believe it is reasonably necessary to achieve our legitimate business interests and those interests do not outweigh your interests and fundamental rights and freedoms. For example, we may process your personal information for some of the purposes described in order to:
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  • Legal Obligations. We may process your information where we believe it is necessary for compliance with our legal obligations, such as to cooperate with a law enforcement body or regulatory agency, exercise or defend our legal rights, or disclose your information as evidence in litigation in which we are involved.
  • Vital Interests. We may process your information where we believe it is necessary to protect your vital interests or the vital interests of a third party, such as situations involving potential threats to the safety of any person.

If you are located in Canada, this section applies to you.

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In some exceptional cases, we may be legally permitted under applicable law to process your information without your consent, including, for example:
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  • If the information is publicly available and is specified by the regulations

4. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?

In Short: We may share information in specific situations described in this section and/or with the following third parties.

We may need to share your personal information in the following situations:
  • Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.

  • You can designate an authorized agent to make a request under the CCPA on your behalf. We may deny a request from an authorized agent that does not submit proof that they have been validly authorized to act on your behalf in accordance with the CCPA.
  • You may request to opt out from future selling of your personal information to third parties. Upon receiving an opt-out request, we will act upon the request as soon as feasibly possible, but no later than fifteen (15) days from the date of the request submission.
To exercise these rights, you can contact us by email at youcryptoorg.gmail.com, or by referring to the contact details at the bottom of this document. If you have a complaint about how we handle your data, we would like to hear from you.

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