Transcription of BSC Station AMA in Telegram
DEFI platforms teams are usually kept in the dark. BSC Station is not the case. Even when this projects need more serious visibility, they started with the right foot. In this case I will be transcripting the AMA hosted by BSCpad on Telegram. If you don’t know what this project is you can check my previous article: https://mejiasclaudia8.medium.com/bsc-station-a-full-stack-platform-with-nfts-auction-and-defi-ecosystem-aabfd3091ed3
The host is J C (Telegram @CryptoMoonScapes) from BSCpad Telegram channel and the interviewed is J. Scofield (Telegram @soldier09), the project founder.
Good Afternoon Everyone! Welcome to the BSC Station AMA hosted by BSCPAD. First and foremost, From the BSCPAD team we would like to congratulate the BSCS Team on a successful launch. I am looking forward to this exciting AMA with you to showcase your Project to the entire BSCPAD community. I’d like to introduce you to @Soldier09 the Founder of BSCS, He will be here on behalf of the BSCS team. Scofield, I’ll give you a minute to introduce yourself and give some quick background.
Nice to meet you all, it would be great to be here today. My name is Scofield — Founder of BSC Station, We also just finished a very successful IDO on BSCPAD today, and now swap 20x on Pancakeswap. I am a long time blockchain and crypto currency enthusiast since 2017. I have more than 4 years of research and working in the field of blockchain and cryptocurrency. Over the past 2 years, I have focused on researching DeFi products and developing NFT products by applying blockchain technology.
Impressive background, and a pleasure to have you here with us today! Can you tell us more about your team and where the initial formation and ideas of BSCS came about? Are you a Public or Anon team?
Thanks so much for inviting me, it would be great atmospheres in BSCPAD community.Yeah of course. The 12 person of team and advisor consist of marketing, technical, market research, financial talent from blockchain project, university including Ruhr University, J.P.Morgan, DeFi world, Money Gram, Liquid, MXC…
We all see that the DEFI and NFT market is currently very hot, the demand for users is increasing, but there are many problems that need to be solved such as liquidity, real applications, platform user rights., etc
Some very recognizable and big names, very impressive!
BSC Station was born and for this purpose, we bring something to market DEFI and NFT, giving users a solid foundation and friendly, bringing more value and create a community tied conclusion. The project’s team is completely public, we have gone through very tight fundraising rounds of top investment funds such as: Spark DC, Morningstar, DFG, AU21, X21, BSCPAD,…You can see here for details https://twitter.com/bscstation/status/1381587025917136904
You guys have built quite the portfolio of Investors and Partners alike.
So in very basic terms for someone who may not be as familiar with NFT’s and DeFi in general. What is the simplest way to explain your project to those people? Do you have a simple comparison or illustration you could paint for them?
BSC Station (BSCS) aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain. It will become economy infrastructure for DeFi and NFT powered by Binance Smart Chain. We are a user platform that can be easily swapped BEP20, trading, selling or buying their NFT artwork, etc. We create a platform that is friendly and easy to use by either inexperienced or inexperienced people
BSC Station offers a convenient and easy-to-use experience with a user-friendly interface design, complete and specific instructions. All the products that users need are concentrated in BSC’s DeFI with NFT auction ecosystem.
BSC Station built on BSC, which is compatible with smart contracts for decentralized applications, is connected with the high throughput Binance Chain to achieve shorter confirmation times and higher transaction processing speeds.
Blockchain fees are an important factor to consider before choosing a blockchain protocol. When it comes to blockchain fees, Binance Smart Chain is substantially more cost-effective than Ethereum and user can save money.
I couldn’t agree with this statement more. This is especially important when looking at the cost of entry for new comers and inexperienced people when choosing their selections in regards to projects. And let me ask you this… Where do you see in your eyes, the NFT market as a whole in the future, Do you think NFT’s can provide a use case in day to day life in the future? If yes, how so?
NFT is really trending topic now in the market, and I believe it will be more popular in the near future. We want to empower NFT industry with more practical applications and higher liquidity. Also, we will launch an NFT product quite soon with some famous IPs, Auction, Digital Arts from our Studio. Nowadays, NFT has been applied to potential fields such as Artwork, artists, real estate … I think that in the future, NFT will be applied even more strongly.
I believe I also read you have created a way for people to easily buy trade and sell NFT’s on your website correct? Can you tell us more about that?
BSC Station’s NFT platform is also a very endowed platform. We have NFT auction, Megamarket — where users can create custom NFT products and execute an auction on it. The NFT Auction and NFT Megamarket will soon release this month, please follow our channel to get latest news. Great thing coming.
If you have that link handy, Feel free to drop it here!
It is great to share our channel here:
Below are BSC Station community links for global & local groups:
Announcements channel: https://t.me/bscstation_media
Thanks so much bro
I’ve heard about your NFT auction, however I am not as familiar with NFT MegaMarket. Can you go more in depth what NFT mega market will provide?
Yeah bro. Firstly can tell something about our NFT structures
NFT Station SDK
The SDK will standardize all NFT assets related to the use of the Auction feature, providing a clear set of tools, documentation, and rules to help fair and efficient auction buyers and sellers.
BSC Smart Security (BSCSS)
BSCSS is a smart security contract of BSC Protocol based marketplace payment platform designed to make the NFT buying and selling of any good or service easy and protected.
Auction is one of the most prominent features of the BSC Station platform. This is a highly efficient mechanism of realizing a resource configuration in the face of inadequate information. Auctions can be categorized into three types of procedures for auctions depending on the occurrence of a price development during an auction run and its causes.
Dutch auction — Partially driven by time
English auction — Driven by bidders only
Sealed bid auction — Single shot
NFT-Megamarket is like a giant supermarket that creates lasting value for artists and users alike. Here, you can trade, auction, and exchange your NFT products with other users. It can be said that we are creating a commercial hub for NFT, users are protected through the BSC Smart contract, ensuring safety and transparency.
It sounds like you guys really went through some strategic planning and execution to get all of these products to tie in together. I think that is a great explanation. I know you have had an extremely busy day and I’m sure you have much more to do so I have just one more question and then we can open it up to the audience for a few questions.
I see you already have BSCSWAP on your website, is this something you created and is part of the BSCS ecosystem?
BSC Swap is a decentralized exchange for swapping BEP-20 tokens and NFT on Binance Smart Chain. BSC Swap uses an automated market maker (AMM) model where users trade against a liquidity pool. Swap is only 1 part of BSC station products, what we want to do is a full-stack platform which can provide users with excellent NFT+DeFi products. Thus, we are building more comprehensive ecosystem other than only swap.
Our BSC Swap platform has completed code audit and is ready to launch, we’ll be rolling out this April with many exciting programs.
We also have Startpool. BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. This is an innovative solution that gives advantages to both users and quality crypto projects
Please check our swap for details https://bscstation.finance/#/
It will be launched in this April
Very nice, I am highly impressed with all the work you’ve already completed prior to launch! Well what do you say we open it up to the audience for a few questions? To the Audience: Prepare your question, Note: You will only be able to submit one question so prepare it now and we will open the chat for roughly 30 seconds to 1 minute for you to get them typed up. @Soldier09 will select his favorite 5 questions. If your questions is selected you will receive $10 in BSCS within the next 72 hours.
We will give you 2 minutes to prepare your questions. Get them ready to make sure you can submit them when the chat opens.
I am very excited in this FAQ
It has really been a pleasure having you here with us, Thanks for taking the time out of your day to come and educate the BSCPAD community and share all the wonderful developments you guys have already achieved! I can’t wait to see where you are 6 months from now!
Alright audience. Get your questions ready. Chat will open in 10 seconds for submissions
Open for submissions
Alright some great questions, @Soldier09 I will let you take it from here.
Thanks so much for these great questions. Let’s me pick some good questions and answers.
Question # 1 by Parvendra Singh:
BSC token will have staking income potential for small investors?
Answer: BSC Station V2 and NFT auction V2 will give users more rights. We will officially integrate Community Governance. Users holding BSCS tokens can vote on the development of the project. In addition to BSC Swap products, BSC NFT auction will be upgraded to a new version, multi-chain support, convenient for users.
Question # 2 by Laura:
What about dev funds lock and security of the platform?
Answer: You can see tokenomics to see more clearly that Team and Dev will lock 6 months and then 10% quarterly. We have completed a code audit, and the BSC Station system is completely safe and secure. Security has always been our top concern, especially in the DEFI and NFT fields
Question # 3 by Crypto Apex:
What is total supply and circulate supply?
Answer: The total supply will be fixed 500M token
Initial circulating supply is around 48M BSCS Token, we are super low market cap but high potential and promises that we will have a bright future.
Question # 4 by Venkatesh:
Is BSCS will listed on all exchanges?
Answer: We are currently listed on the Pancakeswap exchange with a trading price of 20x. In the near future, we will list more exchanges to reach more users and to have better liquidity.
Question #5 by GangsOfCrypto:
Hello there, and congratulations on a great launch. I’d like to hear more about startpools, you wrote ‘Startpool. BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens.’ Can you expand on this a little please, how exactly does it benefit the project and the staker? Also, please could you explain the difference between your two tokens $BSCS and $BSCD
Answer: BSCD will be used in the future, it is seen as Community token, used in Startpool. BSCS token holders will receive this airdrop of this token. We are also building a solid plan for this sustainable development. The NFT auction platform will be launched by us in the coming days. We also reveal to you that our NFT products come from the Game Studio that we have invested in for many years. And it will certainly bring many interesting things to the BSCS token HODLER
@Soldier09 It’s been a pleasure having you here today with us and we wish #BSCS and the Entire team a very successful and bright future and once again congratulations on a Successful Launch! Thanks for your time today and we’ll let you get back to business I know you have an extremely tight schedule today!
Here are all the official links for #BSCS for the audience:
And thanks to the entire audience for attending today’s AMA with BSCSTATION. If you are just joining. We highly recommend you go back up and read through it and learn more about #BSCS
Sincerely thank you for today’s AMA. There will be a lot of interesting news in the coming days. Please follow general channel to get information at the earliest. And don’t forget that the BSCS token is listed on Pancakeswap. Check here for smart contract https://bscscan.com/token/0xbcb24afb019be7e93ea9c43b7e22bb55d5b7f45d
We can’t wait! Thanks again.