On March 6th 2021, our community had a chance to welcome Mr. Chris - CEO of BSC.tools to join in an AMA to give fruitful information about the key features and roadmap of of BSC.tools - the first and most advanced Decentralized Finance (DeFi) dashboard that aims at supercharging your trading experience on Binance Smart Chain (BSC).
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, the CEO of the project - Mr. Chris directly greeted the community and provided detailed information on Rage Fan as well as some key products and new advanced features that will be welcomed in the near future.
Time: 09:00 AM (UTC + 7) on Saturday, March 6, 2021
Venue: https://t.me/CryptoFamilyGroup
Airdrop 100 USDT for the best questions in the AMA.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF BSC.tools
1. Please introduce briefly your team and BSC.tools. What are the occasions that lead you to the blockchain industry and this project?
A. BSC.tools is a set of trading and data analytics tools focused on decentralized exchanges on Binance Smart Chain (BSC), with an abundance of features that support you in tracking real-time data analysis, creating your own trading strategies as well as earning and increasing your profits, easily to use across platforms.
Since its launch in 2020, Binance Smart Chain ecosystem has been growing rapidly. Being active users of the BSC ecosystem ourselves, we’ve yet to find a product that satisfied our needs for data analysis and charting.
That’s why we decided to build something on our own. We’re constantly innovating and developing new and unique features that could help our users and make their trading easier and more profitable on BSC.
2. Next, please name some of current outstanding features of BSC.tools.
A. Sure.
- Pair Explorer: Brings all details of your favorite pairs in real-time tracking.
- Pool Explorer: Gives you live and up-to-date data of any projects featured on BSC
- Multi Swap: Allows you to swap multiple pairs at once and on a single browser.
- Portfolio & Yield Optimizer: Gives you the ability to trace the movements of your cryptoassets over the time and discover the best trading strategies to increase your profits.
- Custom Indicator & Pine Script: Enables you to add custom indicators to charts for optimal trading experience.
- Gem Hunter Network: Keeps you up to date with the hot new projects in the crypto space.
Keep in mind that many more features are under development and will be released in the upcoming weeks.
3. Can you share us with some latest news or hot events in the upcoming time?
A. Our official launch date and IDO is on March 6th (10:30 EST) which is today. You can find more detail on our social.
Down below is our Roadmap for 2021:
2021 Q1
- Pair Explorer
- Multi Swap
- Pool Explorer
2021 Q2
- Portfolio Tracker
- Yield Optimizer
- Live AMA on Pair Listing
- Price Alerts
- dApp Referral Profit Sharing
2021 Q3
- Ethereum Support
- Custom Indicator Analysis
- TradingView Pine Script on Chart
2021 Q4
- Polkadot Support
- Gem Hunter Social Network Launch
PART 2: PRE-COLLECTED QUESTIONS FROM TWITTER
1. What will be the different membership levels that BSC Tools provide to its users to Supercharge Your Binance Smart Chain trading experience? What advanced features will you create to exploit the potential that BSC can provide? @RojiRyan
A. Our platform is developed to be free for all traders to use basic features. However only TOOLS holders can access premium features, the exact amount for each tier hasn't been decided as we are still in development.
While the current version is free, we'll add premium features that holders of $TOOLs tokens will be able to access. Other use cases are:
- Holders can vote on future features that they like;
- Used on our Gem Hunter Ecosystem;
- Used for liquidity mining on LaunchpoolX of BSCEX;
- Other projects can also use $TOOLS to purchase advertisements and sponsorships on our website and app (in the future we also have live AMA).
2. BSC is getting a lot of hype right now, but still many people are still hesitate to invest in projects on BSC because of many scams and rug pulls. How can http://BSC.tools convince and help them to feel secured and safe investing their money? @Nohope49320791
A. Every legit project, especially big and famous corps, check and verify their partners very carefully before signing official partnership. Since we only partner with well-known and legit projects, investors can be relieved in the fact that we are not a scam project.
Some of our partners can be named: Moonwhale Ventures, Au21 Capital, CryptoBanter, EncryptClub, MandyICO, etc.
3. What is the tokenomics of BSC.tools ? I can see that TOOLs token has many use cases in the BSC ecosystem, so what is the most important use case of it ? @Siena1820273
$TOOLS holders have lots more privileges such as voting rights and payment. Other use cases are:
- Holders can vote on future features that they like;
- Used on our Gem Hunter Ecosystem;
- Used for liquidity mining on LaunchpoolX of BSCEX;
- Other projects can also use $TOOLS to purchase advertisements and sponsorships on our website and app (in the future we also have live AMA).
4. During your development process, what difficulties and obstacles have the project faced? Tell me how you got over them to achieve sound success at present. @ShoichiKuwano
A. We are trying very very hard to meet the deadline on March 6th. There is an enormous amount of work to be done. We're a little bit afraid that on the launch date, because of the overload of new users, our platform will shake a little bit for a short period of time. But I'm optimistic about it though, every debut is imperfect.
5. According to the roadmap of BSC.tools, by the end of 2021, you expect to launch the Gem Hunter social network. What will be the main benefits that BSC Tools users will get from participating in this network? Will there be any fees or memberships to join it? @ZainShin1
A. The Gem Hunters Network is a place for those users that want to find new under-the-radar projects that can produce exceptional ROI.
Finding the right gem might be a difficult and time-consuming task for investors.
By leveraging our community, we can discover the next gems quicker and get on the train before the public.
This is the feature that we’re super excited about and will be sharing more about this soon.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
1. Which market are you focusing on? How do you rate the Vietnam market? Do you have any plans to develop in the Vietnam market?
A. Vietnamese market is a very potential one for us. Even Binance's also very fond of Vietnamese community. We are planning to create a community here, we really hope to be welcome in Vietnam.
2. Many projects have similar features and services, but I can see that you are bringing out new innovation with your project. In the end, What will be your vision ? What are you trying to achieve with your project? And how will you make a difference in the crypto space?
A. We’re the first and most advanced Decentralized Finance (DeFi) dashboard that aims at supercharging your trading experience on Binance Smart Chain (BSC).
The main goal is to provide traders and investors with the possibility to monitor your favorite BSC pairs and create advanced trading strategies without having to search for the information in a wide range of non-standardized platforms and websites.
BSC.Tools shares with traders on-chain and live trading data from DeFi exchanges based on the Binance Smart Chain. In this way, users can get access to deep historical data, chart candles and the transactions that have been recorded on each of the platforms.
3. Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
A. Actually we have many, but a few can be named: liquidity mining, yield optimizer, portfolio tracker, gem hunter network, staking, Ethereum and Polkadot support. Our tech is also an advantage: we have built our own a block chain node and crawl the data in real-time from it. We don't rely on external APIs.
4. Referral programs attract lot of crypto users to a project, Will BSC TOOLS launch a referral program soon ?
A. Yes, we do. The dApp referral profit sharing is planned to be released in Q2 2021.
5. Multi Swap allows to swap multiple pairs at once and on a single browser. Does this only work on certain browsers, or on all common browsers? Is an extension needed for this feature?
A. It'll support all common browers. When the release date of the feature comes close, we will announce its features in detail.
6. Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
A. Our first feature that has smart contract integration is still in development, but we are already working with a big smart contract auditing firm to perform audits for the project. We want to make sure our platform has the highest security possible and is flaws-free.
CF: We are so excited to hear more about this qualified project, but I'm afraid the time is up now. Thank you so much for taking your time to join our AMA today, and many thanks to hundreds of good questions from our community.
For all of the questions that have not been answered yet, guys please feel free to search for more information on the links below:
Website: https://bsc.tools/
Twitter: https://twitter.com/bscdottools
Medium: https://medium.com/@bsctoolsofficial
Telegram: https://t.me/bscdottoolschat
