BSC Tools AMA Transcript

BSC.NEWS hosts BSC Tools, a Decentralized Finance (DeFi) dashboard that aims at supercharging your trading experience on Binance Smart Chain (BSC). All questions answered by Chris - BSC.tools (@chrisbscdottools)

By
Kamran Iqbal
on
March 7, 2021
Category:
AMA

Crypto Shrimp (AMA Host): First off, its a pleasure to have BSC Tools here today on BSC News AMA! How are you doing so far Chris?


Chris - BSC.tools: Yea it's been a great journey. Today we're super super busy and tired but also very excited

Launch date work


Q1 Thats a good start! Let’s kick off with an introduction of you and your team members, how many core team members do you have and what are your past experiences?


Chris - BSC.tools: We are a team of 30+ (fulltimers/ parttimers) experienced blockchain developers coming from different countries. We used to develop many Ethereum-based projects - we're not allowed to share the name of the projects but we can tell they are successful DeFi dApps on Ether and BSC :)


Crypto Shrimp (AMA Host): wow thats a big team


Q2 Tell us more about BSC Tools, what does it do and when was the project launched?


Chris - BSC.tools: BSC.tools is a set of trading and data analytics tools focused on decentralized exchanges on 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.

We will launch tomorrow on March 6th, 10:30 AM EST.


Crypto Shrimp (AMA Host): nice, and that explains why you are so busy today


Q3 Can you tell us about the tokenomics of bsc tools?


Chris - BSC.tools: sure. we have 100,000,000 tokens in total supply. Seed and Private got 10% but they are locked. 67% of the total supply will be minted through liquidity mining. This'll be a huge benefit for our investors. Please have a look at our tokenomics in the graphic below.


Q4 I realise that the private and seed sales having more allocation than the public sales, is there a reason for this arrangement?


Chris - BSC.tools: Our main model is liquidity mining. The allocation of the public sale is for the initial supply to get the mining run. And also the tokens of private and seed sales are locked


Q5 What are the use case for the token $TOOLS?


Chris - BSC.tools: The TOOLs token has the following planned and current use cases:

Liquidity mining: Users will be able to earn TOOLs token as rewards for providing liquidity.

Governance voting: TOOLS holders can vote on features that they’d like to see on our platform.

Membership Upgrade: BSC Tools is currently in open Beta. After the open Beta period ends, you will need to hold a set amount of tokens to access advanced features. Different membership tiers will be available in the future.

Payment: BSC projects will be able to use TOOLs to pay for sponsorships and advertisements on our platform.


Crypto Shrimp (AMA Host): thats a lot of use for the token itself!


Q6 I read in the articles theres this function called Gem hunter ecosystem, Could you explain more on this gem hunter ecosystem? how does it work?


Chris - BSC.tools: 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 in another post.


Crypto Shrimp (AMA Host):  wow thats really interesting and im sure alot of the audience would love to find out more about it too


Q7 Besides this, what makes BSC tools different from other projects?


Chris - BSC.tools: We’re the first and most advanced DeFi dashboard that aims at supercharging your trading experience on 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.


Q8 I’m sure the audience are also curious about how safe is the project? is any audit or security measures being done or is it not necessary?


Chris - BSC.tools: 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.


Crypto Shrimp (AMA Host): thats great assurance to the public


Q9 The project is named as BSC Tools, will that be limiting the project to just BSC blockchain or are you intending to add more blockchains in the future?


Chris - BSC.tools: yes it's already in our road map. We plan to support Ethereum and Polkadot in Q3 and Q4 2021


Q10 For a project token pair to be displayed on BSC Tools, do they need to have a partnership/collaboration in place before they able to listed? or is it thru public request?


Chris - BSC.tools:

We  crawl the data from our blockchain nodes ourselves. So we don't rely on any external APIs. No partnership or collaboration required to have the pair displayed. And yes we do process public request through Governance voting


Q11 What are the current partnership that has been establish and how will it be worked out? is it like having a farming pool or staking of tokens?


Chris - BSC.tools: We currently choose BSCex and ezDeFi as our core partners as BSCex has a great system of liquidity pools and ezDeFi has their own wallet product to back the value of their tokens. By creating such partnerships, we can benefit from liquidity of BSCex ecosystem as well as listing TOOL on ezDeFi to gain community exposure. Other partnerships are being queued up and will soon be announced in the future.


Q12 do let us know what are the immediate or ongoing development in BSC Tools right now? beside the launch preparation?


Chris - BSC.tools: We are trying our best to release basic-launch version on our launch date, the app will have:

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.

We are in ongoing development for Portfolio Tracker and Yield Optimizer.

For our full roadmap and features, you can see clearly in our overview below:


Crypto Shrimp (AMA Host): wow you answer another of my question on the roadmap... nicely done


Chris - BSC.tools:  :D



Q13 Do you have links to the project’s social media/TG etc so that the audience can find out more about the projects


Chris - BSC.tools:Thank you for your question. Please follow our social accounts to receive latest and official updates:


BSC.Tools (@bscdottools) | Twitter

The latest Tweets from BSC.Tools (@bscdottools). https://t.co/1ehmb3UO9w - Super Charge Your Trading Experience on #BinanceSmartChain

Join our Telegram: https://t.co/XcOaUEPmmG. global

Website and APP: https://bsc.tools/ (currently in demo version, to be fully functionally on launch).

Twitter: https://twitter.com/bscdottools

Telegram Group Chat @bscdottoolschat, Announcements: @bscdottoolsann

Medium: https://medium.com/@bsc.tools/



Q14 Lastly the famous questions, what alpha or juicy news that you can give us, besides what we have covered, that will make us more excited!


btw this will be the last question from me, and after this I will unlock the room for some live questions from the room, once the questions flow in, i will lock the room again for you to choose a few of the questions. hope you are able to stick around for a while more.


Chris - BSC.tools: We have a partnership with one of the most famous youtuber in the space. If you learn about crypto a lot on youtube, 100% chance you'll know him. Hint: currently he has 274k subs :D


Crypto Shrimp (AMA Host): thank you for your time in BSC News, I’m sure the audience learnt more about BSC TOOLS. And I hope you have enjoyed yourself in educating them as well. 


Chris - BSC.tools: Thank you so much for the attention!


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