Crypto-Twitter (CT) is just Twitter, but the people involved in crypto have been using Twitter as a medium to get and give information about everything crypto-related. Twitter is the fastest medium for crypto news. The most successful influencers grew their following because of their excellent calls or their hilarious “shit-posting” (funny quotes, memes clips crypto related) are known as the CT "OG’s" (original gangsters). These users voiced their opinions on Twitter in the heart of the bull market in 2017; but many began years before this.
Most of the crypto community has yet to dabble in the Binance Smart Chain (BSC) network. Since the inception of the BSC many accounts have been excellent resources for navigating the crypto space. They are becoming the "OG’s" of the BSC network.
This article features interviews with six prominent influencers. These interviews dive into who they are, and their perceptions of BSC projects’ current and future state.
So here we go...
(not in any particular order) -except CZ of course-
Changpeng Zhao (CZ) is the founder of the biggest centralized exchange, Binance. Binance created the BSC, so CZ, in this sense, IS the OG for BSC. According to quotes from earlier interviews, CZ thinks De-Fi will be much more prominent in the future and even might start replacing centralized finance (banks) as we know it. Also, he believes that decentralized exchanges (DEX) automated market makers (AMM) will take a lot of market share from the centralized exchanges (CEX), which dominate the finance landscape. Prominent CEX’s like Binance, Coinbase, and FTX have and will continue to face this competition; the teams at Binance and FTX are already innovating in these spaces to protect their market share. Binance’s quick adoption of decentralized finance (De-Fi) through the BSC will allocate a large portion of that market share. Considering the drawbacks of the Ethereum network -the leading smart contract network- many users will see benefits in migrating to the BSC ecosystem. The BSC offers fast transactions and low fees(5 seconds and about $0.10 per transaction), trumping those of the Ethereum network. Both networks can use the EVM (Ethereum Virtual Machine), allowing Ethereum projects to switch to BSC or create a cross-chain project effortlessly. On top of this, the Binance accelerator fund will attract many new projects through funding and the direct support that selected projects receive.
CZ is a must follow if you are in the crypto space.
The Ape when asked about who he is answered that he would like to maintain his anonymity, the only thing he would share is that he’s 20 years old.
So I asked him how he got himself into the crypto world, and he answered:
“I first got in BTC a while back. I loved everything about it, but the two things I loved the most are:
1. Using it as a payment method.
2. That it is accessible world-wide.
From then on I fell in love with cryptocurrency and I’m still in love to this day. "
“I first found out about Binance Smart Chain on September23 when Binance Academy posted their article about PancakeSwap. From then on, it has been a wonderful journey in which I got to be part of an amazing community and a new blockchain that’s growing at an accelerated rate.
I loved everything about it, but the things I love the most are:
1. The fact that I managed to be one of the first people to join and see how everything develops.
2. The fees to be completely honest with you”
“Not that long in comparison to other people around here. I think I first touched cryptocurrency in 2015 and started being serious about it around 2018. “
“I think most people already know I hate scams and everything about it. I’ve tried to warn people about as many as I could and I’m currently writing an article on “How To Spot a Potential RUG” which will go live in within 48 hours (I hope). I can’t stop everyone from buying in on a rug, but I can at least tell them what to look for before joining new projects .It was expected that rugs will come rapidly as developers already have experience from Ethereum. How to trust a project? That’s not that hard. A time-lock, some ‘legit moves’ and a little bit of patience, and I think that’s good enough. (Maybe an audit would be nice as well)”
“In this exact moment I can put my money on PancakeSwap and Thugs. I’m sure that in a couple of months more projects are going to join my list.”
--Trading tips
--Safety tips
--Crypto education
--Medium page
Crypto Bethany started trading in crypto and FOREX markets in 2018. After much success in technical trading, specifically on Bitcoin, she went full time in March of 2020. At this point, some of the crypto Twitter “OG’s” started thinking her account was an alt account of another well-known influencer. This was not the case, but helped to get more people noticing the 27-year-old Australian.
“I was posting TA on bitcoin & tokens like SXP then discovered yield farming on ETH with Sushi, I heard about StakeCow and tried Binance Smart Chain, I never looked back. I simply loved the speed & simplicity of it, the low fees and accessibility of it.”
“When BurgerSwap launched I thought it was the greatest thing ever, it was the biggest, I was also an early user of BakerySwap. I used PancakeSwap in hour one, then witnessed PancakeSwap take over from burger in a matter of 72hours. After all that, I fell in love with Thugs Finance, and I’m so happy to be an early user and part of their amazing community.”
“On the rug pulls: I’ve participated in two of the main three scams, Safuswap & bscswap. I called out wineswap & got RTd by cz on that... with Binance eventually returning the funds, which is huge and something that doesn’t really exist in the ETH network, making BSC safer. I felt a little guilty as I did post about safuswap & bscswap before they scammed, but ultimately it is up to the user to do their own research. I haven’t been rugged for a while, the last scam I participated in was BSCGems, which I managed to pull out of with a small loss. We live and learn, plus there’s great returns from legitimate projects such a thugs anyway, I have no need to ape into scams anymore.”
“Good future: Thugs finance, NarwhalSwap & beefyfinance, to me the depth & width of Thugs potential, the UI & speed of Narwhal and the genius of beefy are all game changers. I think beefy & thugs new AMM token will be listed on Binance, or receive more accelerator funding from Binance, or both! “
As you can see Bethany loves the BSC and is an investor in many projects who run on the chain.
--She’s excellent at finding new projects
--Gives useful updates on existing projects
--Warns for (potential) scams
--Enthusiastic person with honest opinions
The Berlin-based 400 Unicorns has been in the crypto space since the 2013-2014 bull race. According to himself, he is a massive nerd, so it’s no coincidence that when hearing about Bitcoin in the news, his interest sparked.
“Though I was mostly profit-driven during my early days and worked on a few mining-related Projects. Berlin was and still is an amazing city for Crypto Enthusiasts, which made it very easy for me to get in touch with the right people early on and what put me on a good path.”
“I was already engaged in the De-Fi space prior to the BSC and got frustrated with the amount of maintenance ETH requires. High Fees & waiting times can cut into margins big time, and when you repeat this process a few hundred times, it takes away quite a chunk of your Profits. I heard about the BSC on one of CZs AMAs or Summits. Joined at Public launch shortly after and kind of never left.
Having the chance to work with something brand new, ETH compatible and backed by Binance is a chance you don’t often get in life. Low fees and quick transactions make for easy pro arguments, and I liked the idea of building and working with a new Community.”
“The rate of failed BSC Projects vs. Total active ones should be relatively close to the ones on the ETH Network. Many investors seem to have trouble figuring out who to trust, which projects have legitimate intents, how to actually read contracts and so on.
Good advice to these people would be to question what influencers have to say on Social Media and to do your own research or find smarter people with proven skill sets that can help you. Many Influencers are getting paid to promote a brand. If they don’t, chances are they are heavily invested in a project they are currently promoting themselves, and their audience is paying the price. They are not your friends, it’s a profit-driven business, and that’s totally fine. It’s relatively easy to spark FOMO, Fear, or spread FUD while the community is relatively small still, unsure, and everyone is trying to figure out all these new things. In particular, BSC is a Mecca to the ones with social engineering skills and an audience due to its size. “
Success is not a guarantee, and most projects will fail in the long term. None of these are endorsements but rather a selection of interesting ideas that I think could use some more exploring. Things like the Swirge Network, Gravity Protocol, Bin Block, Venus Protocol or Gaming related ideas. There is a market for crypto and gaming; I just think nobody has done it right yet. Developers should focus on making a great, fun game and trying to implement Blockchain tech onto it rather than creating a Blockchain Product and then trying to implement fun gaming tech onto it. Gamers play games because they are fun and/or because their Friends play them, so If your gaming product doesn’t cover this one sentence, then you need to re-iterate.”
--400 Unicorns does weekly De-Fi project overviews with news about the various yield farming projects.
--Regular information about various BSC projects.
--Positive attitude
Just like I asked the other participants, I also requested BsmartInvest for a little background on them and how long have they have been in the crypto space; someone from their team answered the questions as follows:
“Hi, we are a group of investors. We do analysis, research, and infographics. I have a financial background, previously worked as a business and risk analyst in a bank. Also worked in a crypto rating platform, so I am good with tokenomics. We have been in crypto since the beginning of 2017.”
“There are several criteria for initial project valuation to avoid a rug pull:
- Whether the project has partnerships with more well-known projects or not.
- Whether the project is done just for yield farming or there is some unique idea and value for the BSC ecosystem.
- Evaluation of the overall quality of the project(team, code, overall impression).
- Evaluation of the economic model and tokenomics.”
“I like Pancakeswap, JustLiquidity, Venus, Beefy. I also think Injective Protocol will announce BSC support for derivatives trading soon. There are also more speculative projects like Bakery, Burgerswap, Fries, Thugs, Narwhal, which are also quite good. “
--Professional infographics
--Information on several projects
--In-depth analysis of projects
--Active Telegram channel
SpittingNickels has been in the crypto space for three years now. I asked him how he had gotten into the crypto space.
“Have been trading equities for ten years or so. Always watched BTC closely in mid/late ’17. Jumped in around $3k bottom in late ’19. Been hooked ever since.”
“Was getting tired of slow transactions and gas wars on ETH. Jumped into BSC when Binance first announced it on Twitter. Being one of the first Burgerswap wallets,
I can remember it was ridiculously profitable back then. Combining that with fast, low-cost transaction fees and I was hooked. It is a totally different dynamic. Since then, the chain has gotten much more crowded, and scams are becoming more prevalent every day.”
“Most of these projects are cookie cutters and often launched by the same team of bad actors. It is really no different than on ETH. To me it seems right now that the scams are becoming wiser to the CeDefi nature of BSC and rugging for less money, but launching farms more often, hoping to escape the attention of Binance themselves. Personally, I know enough to lookat the smart contracts for your basic scams, but recently I have only been spending time on solid projects. For me, that is http://Beefy.Finance, http://Thug.Fi, and Narwhal. All three of those projects have proven themselves via the code they write, how they engage with their users, and what good they do for the overall ecosystem. I would rather see those things come to fruition rather than ‘being early on a farm.’
I would also recommend building a network of people that are experienced and that you trust. More knowledge that you have at your disposal, the better.”
“Beefy.Finance, http://Thug.Fi and Narwhal. All three of these have great teams and could have the potential to be cross-chain when ETH 2.0 finally launches. IMO those that are developing on BSC will have leg-up when faster, lower gas ETH 2.0 comes.”
--Very Informative
--Scam warnings
--Educated input on various BSC projects
I have also asked the participants who they think deserves a follow. I will do a quick sum-up of them, the mentioned influencers are listed below:
DeFi Khaled (@DefiDebauchery)
Ogle (@cryptogle)
CryptoSupplyCo ($100k Bitcoin) (@CryptoSupplyCo)
BULL RUN SNIPER x 100 (@M0nkTrader)
Go and check them all out and see if they are worthy of a follow.
Feel free to give me a follow also.
Lots of Ethereum native protocols have been making cross-chain moves to the Binance Smart Chain (BSC). This is mainly due to high gas fees and network congestion on the Etherum. As Ethereum growth has slowed, the growth on the BSC has continued to be exponential. While the Ethereum network still boasts nearly 5x more Total Value Locked (TVL) the BSC is quickly closing this gap as ecosystem growth continues. It's not that the BSC will replace Ethereum, but it offers users an affordable and easy solution. For these exact reasons, we have seen an influx in ETH protocols such as 1Inch, Ren, and RAMP DeFi.
Ramp DeFi is a protocol focused on making lending and yield farming accessible to non-ERC20 holders. The protocol has integrated fERC20 tokens to ease the process of making cross-chain assets. This system allows for more comfortable and cheaper asset provision.
RAMP DeFi proposes that the staked capital of non-ERC20 token can be deposited on their platform in return for a stablecoin "rusd." This stable coin is backed by RAMP and issued on the Ethereum blockchain. rUSD holders can lend, borrow or exchange rUSD for other stablecoins on the Ethereum network such as USDT or USDC. This allows users to earn multi-yield, both on the Ethereum network and of the Ethereum grid.
With RAMP on the BSC network, the same mechanics are at play. Users will be able to stake their non-BEP20 token to get "rUSD." This BEP-20 rUSD is compatible with the BSC allowing users to swap for stablecoins. This cross-chain solution allows users to easily bridge their assets to both the Ethereum and BSC networks. Ramp on the BSC network helps reduce Ethereum usage on top of the reduced fees it offers users.
RAMP has launched its liquidity pools on Pancakeswap and JulSwap. The RAMP-BUSD liquidity pool launched on Julswap earns both trading fees and JULD tokens. The two teams have created these liquidity incentives to bootstrap initial liquidity and users to both protocols. Currently, RAMP DeFi only offers a cross-chain bridge for their native RAMP token, but they will soon bring the entire protocol to the BSC. It is important to note that liquidity providers on PancakeSwap do not receive additional liquidity incentives, solely the trading fees.
RAMP is a cross-chain solution that allows users to draw liquidity from staked assets. This novel system allow users to earn double yield rewards through staking Proof Of Stake assets (POS). This is the first of its kind in the DeFi ecosystem. In turn, this protocol encourages users to use DeFi applications on both the BSC and Ethereum networks even if they don’t initially have BEP-20 or ERC-20 tokens. Overall, as De-Fi continues to expand cross-chain solutions will be at the heart of the space. The team at RAMP protocol understands this and continues to innovate their protocol to further cater to users.
For those who wish to learn more details about RAMP DeFi and their bridge to the BSC refer to the following resources:
UBU Finance (Universal Binance Union) - is a decentralized platform that was launched on February 25, 2021. It integrates the most advanced DeFi applications with unique functions, such as deflation, benefit-sharing, and cross-chain interoperability.
UBU Finance platform aims to integrate multiple applications such as UFarm, UBank, NFTs, Lotterys, UPools, and Cross-chain interoperability. Of which, the UFarm and UBank applications were launched successfully.
A big part of the UBU Finance platform is UFarm, which provides exceptionally high APY for farmers and broadens the platform for all other applications. The user needs to provide liquidity to UBU on PancakeSwap to be able to join Ufarm. The liquidity rewards are distributed as follows:
80% farmed tokens shall be distributed to all Farmers while the remaining 20% shall be distributed equally to Development Fund and UFarm Referral Program. In each proportion, 25% shall be distributed to participants at once while 75% shall be locked for one year and distributed continuously block by block afterwards. This mechanism helps to stabilize the value of UBU Finance for serious investors.
UBU Finance offers a high level of security as users can sign transactions and interact with DeFi protocols without exposing their private keys. Also, UBU is currently being audited by one of the most reputed auditing company – CertiK. While audits aren't the holy grail of security audits, extensive audits from reputable companies help weed out smart contract risks.
The UBU team has successfully raised 100,000 BUSD from a private sale round called "Liquidity Seeds". The purpose of this fundraising round is to provide initial liquidity for the UBU token once listed on Pancakeswap. This liquidity pool is locked for six months, showing a long-term vision and commitment to project development from the UBU team.
3,000,000 UBU (equivalent to 5% of the total supply) was sold separately to community organizations and influential individuals on social networks with a commitment to support UBU Finance promotion. The price per UBU was 0.0333 BUSD.
Besides the apps launched, we also know an exciting application in the UBU ecosystem: the NFT (Nonfungible tokens). UBU Finance will launch its NFT market in the second quarter of this year. NFT (Nonfungible tokens) are having a moment. In recent weeks, notable investors Mark Cuban and Chamath Palihapitiya have signaled their growing interest in this corner of the crypto economy, adding fuel to a rally that was already red-hot.
It's tough to measure the total NFT market's size due to how these tokens are structured. Each NFT is a non-replicable digital asset. Because there's only ever one NFT, each asset is essentially its own market. The total value of NFT-based crypto art is now above $100 million, according to CryptoArt.io, which tracks the largest platforms dedicated to art sales.
The UBU team is also developing Cross-chain solutions. This feature will be launched in the third quarter of this year. This is key to the future of UBU as Cross-Chain technology is increasingly becoming a hot topic of discussion. It is seen as the ultimate solution for enhancing interoperability between blockchains. In Layman terms, Cross-chain Technology is an emerging technology that seeks to allow transmission of value and information between different blockchain networks.
Increased usage of established networks like Ripple, Bitcoin, and Ethereum, while a good thing, has given rise to many issues. The largest of which being economical and technical scaling limitations. As discussed above, most blockchain networks operate on isolated ecosystems as they address they try to resolve a unique set of needs. The chains operating in isolation have mostly made it impossible for people to enjoy the distributed ledger technology's full benefits. Cross-chain, technology seeks to solve all these issues by enabling interoperability between blockchains, thus making it easy for them to communicate with one another and share information.
Further information regarding UFarm and other applications could be found here.
Up to Quarter 1, the UBU Team has completed all their developments on schedule. The most notable developments were Liquidity Seeds' success, the release of UFarm + UBank applications, and the submission of their Smart Contracts for auditing.
Further information regarding future plans could be found here.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
These prominent influencers in the BSC ecosystem voiced their opinions on the latest BSC news and their outlook on the space. The following crypto Twitter personalities are featured in these interviews: @LetMeApe, @CryptoBethany, @BSmartInvest, @400Unicorns, and last but not least, @NickelsSpitting.
Crypto-Twitter (CT) is just Twitter, but the people involved in crypto have been using Twitter as a medium to get and give information about everything crypto-related. Twitter is the fastest medium for crypto news. The most successful influencers grew their following because of their excellent calls or their hilarious “shit-posting” (funny quotes, memes clips crypto related) are known as the CT "OG’s" (original gangsters). These users voiced their opinions on Twitter in the heart of the bull market in 2017; but many began years before this.
Most of the crypto community has yet to dabble in the Binance Smart Chain (BSC) network. Since the inception of the BSC many accounts have been excellent resources for navigating the crypto space. They are becoming the "OG’s" of the BSC network.
This article features interviews with six prominent influencers. These interviews dive into who they are, and their perceptions of BSC projects’ current and future state.
So here we go...
(not in any particular order) -except CZ of course-
Changpeng Zhao (CZ) is the founder of the biggest centralized exchange, Binance. Binance created the BSC, so CZ, in this sense, IS the OG for BSC. According to quotes from earlier interviews, CZ thinks De-Fi will be much more prominent in the future and even might start replacing centralized finance (banks) as we know it. Also, he believes that decentralized exchanges (DEX) automated market makers (AMM) will take a lot of market share from the centralized exchanges (CEX), which dominate the finance landscape. Prominent CEX’s like Binance, Coinbase, and FTX have and will continue to face this competition; the teams at Binance and FTX are already innovating in these spaces to protect their market share. Binance’s quick adoption of decentralized finance (De-Fi) through the BSC will allocate a large portion of that market share. Considering the drawbacks of the Ethereum network -the leading smart contract network- many users will see benefits in migrating to the BSC ecosystem. The BSC offers fast transactions and low fees(5 seconds and about $0.10 per transaction), trumping those of the Ethereum network. Both networks can use the EVM (Ethereum Virtual Machine), allowing Ethereum projects to switch to BSC or create a cross-chain project effortlessly. On top of this, the Binance accelerator fund will attract many new projects through funding and the direct support that selected projects receive.
CZ is a must follow if you are in the crypto space.
The Ape when asked about who he is answered that he would like to maintain his anonymity, the only thing he would share is that he’s 20 years old.
So I asked him how he got himself into the crypto world, and he answered:
“I first got in BTC a while back. I loved everything about it, but the two things I loved the most are:
1. Using it as a payment method.
2. That it is accessible world-wide.
From then on I fell in love with cryptocurrency and I’m still in love to this day. "
“I first found out about Binance Smart Chain on September23 when Binance Academy posted their article about PancakeSwap. From then on, it has been a wonderful journey in which I got to be part of an amazing community and a new blockchain that’s growing at an accelerated rate.
I loved everything about it, but the things I love the most are:
1. The fact that I managed to be one of the first people to join and see how everything develops.
2. The fees to be completely honest with you”
“Not that long in comparison to other people around here. I think I first touched cryptocurrency in 2015 and started being serious about it around 2018. “
“I think most people already know I hate scams and everything about it. I’ve tried to warn people about as many as I could and I’m currently writing an article on “How To Spot a Potential RUG” which will go live in within 48 hours (I hope). I can’t stop everyone from buying in on a rug, but I can at least tell them what to look for before joining new projects .It was expected that rugs will come rapidly as developers already have experience from Ethereum. How to trust a project? That’s not that hard. A time-lock, some ‘legit moves’ and a little bit of patience, and I think that’s good enough. (Maybe an audit would be nice as well)”
“In this exact moment I can put my money on PancakeSwap and Thugs. I’m sure that in a couple of months more projects are going to join my list.”
--Trading tips
--Safety tips
--Crypto education
--Medium page
Crypto Bethany started trading in crypto and FOREX markets in 2018. After much success in technical trading, specifically on Bitcoin, she went full time in March of 2020. At this point, some of the crypto Twitter “OG’s” started thinking her account was an alt account of another well-known influencer. This was not the case, but helped to get more people noticing the 27-year-old Australian.
“I was posting TA on bitcoin & tokens like SXP then discovered yield farming on ETH with Sushi, I heard about StakeCow and tried Binance Smart Chain, I never looked back. I simply loved the speed & simplicity of it, the low fees and accessibility of it.”
“When BurgerSwap launched I thought it was the greatest thing ever, it was the biggest, I was also an early user of BakerySwap. I used PancakeSwap in hour one, then witnessed PancakeSwap take over from burger in a matter of 72hours. After all that, I fell in love with Thugs Finance, and I’m so happy to be an early user and part of their amazing community.”
“On the rug pulls: I’ve participated in two of the main three scams, Safuswap & bscswap. I called out wineswap & got RTd by cz on that... with Binance eventually returning the funds, which is huge and something that doesn’t really exist in the ETH network, making BSC safer. I felt a little guilty as I did post about safuswap & bscswap before they scammed, but ultimately it is up to the user to do their own research. I haven’t been rugged for a while, the last scam I participated in was BSCGems, which I managed to pull out of with a small loss. We live and learn, plus there’s great returns from legitimate projects such a thugs anyway, I have no need to ape into scams anymore.”
“Good future: Thugs finance, NarwhalSwap & beefyfinance, to me the depth & width of Thugs potential, the UI & speed of Narwhal and the genius of beefy are all game changers. I think beefy & thugs new AMM token will be listed on Binance, or receive more accelerator funding from Binance, or both! “
As you can see Bethany loves the BSC and is an investor in many projects who run on the chain.
--She’s excellent at finding new projects
--Gives useful updates on existing projects
--Warns for (potential) scams
--Enthusiastic person with honest opinions
The Berlin-based 400 Unicorns has been in the crypto space since the 2013-2014 bull race. According to himself, he is a massive nerd, so it’s no coincidence that when hearing about Bitcoin in the news, his interest sparked.
“Though I was mostly profit-driven during my early days and worked on a few mining-related Projects. Berlin was and still is an amazing city for Crypto Enthusiasts, which made it very easy for me to get in touch with the right people early on and what put me on a good path.”
“I was already engaged in the De-Fi space prior to the BSC and got frustrated with the amount of maintenance ETH requires. High Fees & waiting times can cut into margins big time, and when you repeat this process a few hundred times, it takes away quite a chunk of your Profits. I heard about the BSC on one of CZs AMAs or Summits. Joined at Public launch shortly after and kind of never left.
Having the chance to work with something brand new, ETH compatible and backed by Binance is a chance you don’t often get in life. Low fees and quick transactions make for easy pro arguments, and I liked the idea of building and working with a new Community.”
“The rate of failed BSC Projects vs. Total active ones should be relatively close to the ones on the ETH Network. Many investors seem to have trouble figuring out who to trust, which projects have legitimate intents, how to actually read contracts and so on.
Good advice to these people would be to question what influencers have to say on Social Media and to do your own research or find smarter people with proven skill sets that can help you. Many Influencers are getting paid to promote a brand. If they don’t, chances are they are heavily invested in a project they are currently promoting themselves, and their audience is paying the price. They are not your friends, it’s a profit-driven business, and that’s totally fine. It’s relatively easy to spark FOMO, Fear, or spread FUD while the community is relatively small still, unsure, and everyone is trying to figure out all these new things. In particular, BSC is a Mecca to the ones with social engineering skills and an audience due to its size. “
Success is not a guarantee, and most projects will fail in the long term. None of these are endorsements but rather a selection of interesting ideas that I think could use some more exploring. Things like the Swirge Network, Gravity Protocol, Bin Block, Venus Protocol or Gaming related ideas. There is a market for crypto and gaming; I just think nobody has done it right yet. Developers should focus on making a great, fun game and trying to implement Blockchain tech onto it rather than creating a Blockchain Product and then trying to implement fun gaming tech onto it. Gamers play games because they are fun and/or because their Friends play them, so If your gaming product doesn’t cover this one sentence, then you need to re-iterate.”
--400 Unicorns does weekly De-Fi project overviews with news about the various yield farming projects.
--Regular information about various BSC projects.
--Positive attitude
Just like I asked the other participants, I also requested BsmartInvest for a little background on them and how long have they have been in the crypto space; someone from their team answered the questions as follows:
“Hi, we are a group of investors. We do analysis, research, and infographics. I have a financial background, previously worked as a business and risk analyst in a bank. Also worked in a crypto rating platform, so I am good with tokenomics. We have been in crypto since the beginning of 2017.”
“There are several criteria for initial project valuation to avoid a rug pull:
- Whether the project has partnerships with more well-known projects or not.
- Whether the project is done just for yield farming or there is some unique idea and value for the BSC ecosystem.
- Evaluation of the overall quality of the project(team, code, overall impression).
- Evaluation of the economic model and tokenomics.”
“I like Pancakeswap, JustLiquidity, Venus, Beefy. I also think Injective Protocol will announce BSC support for derivatives trading soon. There are also more speculative projects like Bakery, Burgerswap, Fries, Thugs, Narwhal, which are also quite good. “
--Professional infographics
--Information on several projects
--In-depth analysis of projects
--Active Telegram channel
SpittingNickels has been in the crypto space for three years now. I asked him how he had gotten into the crypto space.
“Have been trading equities for ten years or so. Always watched BTC closely in mid/late ’17. Jumped in around $3k bottom in late ’19. Been hooked ever since.”
“Was getting tired of slow transactions and gas wars on ETH. Jumped into BSC when Binance first announced it on Twitter. Being one of the first Burgerswap wallets,
I can remember it was ridiculously profitable back then. Combining that with fast, low-cost transaction fees and I was hooked. It is a totally different dynamic. Since then, the chain has gotten much more crowded, and scams are becoming more prevalent every day.”
“Most of these projects are cookie cutters and often launched by the same team of bad actors. It is really no different than on ETH. To me it seems right now that the scams are becoming wiser to the CeDefi nature of BSC and rugging for less money, but launching farms more often, hoping to escape the attention of Binance themselves. Personally, I know enough to lookat the smart contracts for your basic scams, but recently I have only been spending time on solid projects. For me, that is http://Beefy.Finance, http://Thug.Fi, and Narwhal. All three of those projects have proven themselves via the code they write, how they engage with their users, and what good they do for the overall ecosystem. I would rather see those things come to fruition rather than ‘being early on a farm.’
I would also recommend building a network of people that are experienced and that you trust. More knowledge that you have at your disposal, the better.”
“Beefy.Finance, http://Thug.Fi and Narwhal. All three of these have great teams and could have the potential to be cross-chain when ETH 2.0 finally launches. IMO those that are developing on BSC will have leg-up when faster, lower gas ETH 2.0 comes.”
--Very Informative
--Scam warnings
--Educated input on various BSC projects
I have also asked the participants who they think deserves a follow. I will do a quick sum-up of them, the mentioned influencers are listed below:
DeFi Khaled (@DefiDebauchery)
Ogle (@cryptogle)
CryptoSupplyCo ($100k Bitcoin) (@CryptoSupplyCo)
BULL RUN SNIPER x 100 (@M0nkTrader)
Go and check them all out and see if they are worthy of a follow.
Feel free to give me a follow also.
