On December 25th 2020, our community had a chance to welcome Mr. Kaiser – Project Manager and Mr. Maya – Community Manager from BSC.FARM project – to join in an AMA to give fruitful information about the key features and roadmap of BSC.FARM project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA session, two representatives of BSC.FARM team went live to greet the community and introduce in detail BSC.FARM project, which was created to be the leader in listing Yield Farm projects on Binance Smart Chain. With the mission to be the most complete, accurate and leading synthesis platform within DeFi projects, BSC.FARM aims at becoming a place to update the news, search for projects or opportunities for investment. This is not only an open playground but also an extremely selective because the BSC.FARM team always research and survey carefully before listing, in order to bring the safest and most effective experiences to users.
Time: 08:00 PM (UTC + 7) on Friday, Dec.25th 2020
Airdrop 200 USDT for the best questions in the AMA.
Below are some main points of this AMA:
PART I: INTRODUCTION OF BSC.FARM PROJECT
Question 1: First, please introduce briefly about your team and BSC.Farm. What is the occasion leading you to the blockchain industry and BSC.Farm project?
Mr. Maya: My name is Maya, I am main support for BSC.FARM. along side with me is Kaiser project manager for the BSC.FARM project.
Binance Smart Chain (BSC) is known as a blockchain operating on mainnet, activating the blockchain in parallel with Binance Chain.
BSC.FARM allows the creation of smart contracts for blockchain tokens associated with the Binance brand.
Meanwhile, it also launched a brand new staking mechanism for the cryptocurrency of one of the world’s leading crypto exchanges.
Question 2: Next, please name some key advantages of your platform that make it outperform the others.
Mr. Maya: Key Advantages of BSC Farm:
==> Saves yield farmers time researching
==> Accurate, complete, and leading synthesis on De-Fi projects
==> Open access, but extremely selective
==> Collaborative liquidity farming program to interconnect the BSC.
Question 3: Are there any upcoming events to promote your platfrom and attract more users in Vietnamese market?
Mr. Maya: Yes, we have huge events coming up as from first quarter of 2021. With this events we aim to promote BSC.FARM not just to the Vietnam communities but to some major countries in the world.
With the quest to developing our project, we have been recognised by some major cryptocurrency projects like Burgerswap, VBC group, BSC Defi and BSC.New
You can read about our project recap on the links below
CF: The project has a great plan. Looking forward to more and more promoting campaigns to bring this platform to a large number of users.
PART 2: BEST QUESTIONS FROM GOOGLE FORM AND TWITTER
CF: I believe all the members here would love to learn more about BSC.Farm, and they have many questions submitted to our Google form and Twitter today. After careful consideration, I decided to choose 5 best questions for BSC team to answer directly in CryptoFamily Group.
Question 1: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team? User: @ginliopz
Mr. Kaiser: Please refer to our token metric as below:
Token Name: BSC Farm
Token Symbol: BSC
Total Supply: 5,000,000 BSC
Community Airdrop: 2%
Initial Liquidity Pool: 10%
LP Incentive + Bonous :72%
You can also follow our additional information on the website : https://bsc.farm/about
The amount of tokens generated during the Farm process will be burned and may burn additional tokens initially issued.
We are locking tokens in the Initial Liquidity Pool, LP Incentive + Bonous and Team tokens. You can check out our Smart contract.
Question 2: How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project? @thinzzy
Mr. Kaiser: This is quite an interesting question! We have been working on developing community plans in different countries. There, we have very good translators for the communities. As you know, we already have the Vietnamese community. Our admin in Vietnam is very good. He helped us connect big communities in Vietnam. For example: VBC, TAG community, CryptoFamily ...
CF: Yes, we know you can have lots of help and trust from Vietnamese communities. We all would like to help expand BSC.Farm ecosystem.
Question 3: Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on? @kityzer
Mr. Kaiser: As you say, the user is important. But more important is the problem of solving current problems. We aim to be a decentralized trading platform, where projects are objectively evaluated under certain levels of conditions. From there, all problems of investors are solved!
Question 4: Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience? @sadiae
Mr. Kaiser: Usually many projects now grow massively, they often grow extremely fast and disappear with the money of the investor. Knowing that, we have come to an end with the development of bsc.farm.
Below are some of the work we will develop in Q1 2021.
- Launch of Swap exchange
- Open the liquiditi pool
- Launched website version including: Vote project, evaluation & audit projects
- Community Governance
We will be releasing the Roadmap in the near future, just a few days away.
Question 5: All platform that use a SWAP mechanism, must affront 2 issues, the low Liquidity ( that cause Big spreads between orders) and Slippages, so can you tell me how you will solve this instrinsic limitations? @Kiopz
Mr. Kaiser: The decentralized market grows every day. As the latest statistics show, at least nearly 10 billion USD has been locked in liquidity. The future will be decentralized transactions, our team is always ahead and ahead of the trend of the development of the crypto market. So we will soon launch cross-chain exchanges and decentralized wallets with a fee of almost = 0.
CF: That's the end of Part 2 in this AMA. All of the members here have gathered enough useful information, also they have many questions to raise for BSC team today.
PART 3: BEST LIVE-QUESTIONS IN CRYPTOFAMILY GROUP
Question 1: Governance is really important for projects to grow bigger what does $BSCFarm think about governance? @Pannicota
Mr. Maya: Our governance will be made available in Q1 2021 and users can air their views.
Question 2: How are functions such as scalability, workflow, databases, and user privacy protection deployed and handled? Where do you feel need to improve in the future? @Cuzz1
Mr. Maya: Scalability have to do with the blockchain we are on which is the binance smart chain and so far it has worked very well. This is a decentralised platform and users data are not required you only participate with your wallet so I suggest you learn about decentralisation very well before coming up with this questions.
Question 3: Yield farming has come to stay in the DEFI space, please tell us how $BSC compares to many yield farms offering high APY on liquidity staking, and why would crypto investors pick it over other yield farming opportunities? @ohsada
Mr. Maya: We give a moderate and competitive APY. We are not like many projects that give huge APYs to attract users and run with their money
Question 4: I can see is Farming available BSC but I cannot find some APY information, can you reveal some details about% APY when users join Farming? Compared to current projects their APY% get very high do you think will put a higher or equal rate to stimulate user participation? @beccaka
Mr. Maya: We are sorry for that little issue, our developers are working on restructuring the website and we will be launching a newer version with added features on it.
CF: We are so excited to hear more about this quality project. But I am afraid the time is up now, so we must finish our AMA session. For all of the questions that have not been answered yet, feel free to search for more information on the links provided below: