At 1:00 PM (UTC) on November 19, 2020, BurgerSwap hosted the AMA show with BSC Farm project, whose representative for this AMA is Mr. William Kaiser — Project Manager of BSC Group. Below is the detailed content of the AMA session.
Big Mac : Hey guys ! Welcome for the AMA with BSC farm team.
K A I S E R : We are delighted to be part of today’s discussion.Thank the BurgerSwap community for their enthusiastic participation.
I’m Kaiser, project manager.
We will choose interesting questions to answer in today’s AMA.
Big Mac : Great to have you here
Mr.Kaiser can you please give our community brief introduction about your project and team .
K A I S E R : Binance Smart Chain (BSC) is known as a blockchain operating on mainnet, activating the blockchain in parallel with Binance Chain. BSC 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.
Big Mac : Thats great
We have some questions from community we selected already.
First question let’s begin
Big Mac : Question 1 : Sharey
Your token supports DEX liquidity and transaction growth, what strategy do you use to convert it into a stable token with a higher value than competitors that existed before this token existed ..? and how is your strategy to make these tokens have value later?
K A I S E R : Nice to answer your interesting questions about our project!
We have a lot of future activities to drive this. Liquidity increases on CEX exchanges and we are working on this issue. Partner Raising.
Developing products that benefit the community makes BSC a valuable Stable coin.
Developing App Defi to integrate many Defi projects on BSC whitelist increases the convenience of users, as well as increases the value of BSC in the market.
Big Mac : Great its interesting.
Question 2 : Rowellcrypt (@rodexe)
What could be the best part of burgerswap in participating BSCFarm for the investors would be impressed to invest and trust more in this project?
K A I S E R : We are the Top 5 liquidity pool on BurgerSwap
We launch Farm LP Burger on BSC with the best profit for Burger users
We emphasize that we do not have any round of sales, we have 2 liquidity pools worth almost 1 million dollars.This is the money of the business to give to the community, that’s our advantage.
Big Mac : Very community oriented project I must say .
Question 3 : Shabbir Husain (@starshades007)
Scalability and security are the two most difficult aspects to reconcile in a Blockchain, how is BSC FARM structured to offer the best of both aspects?
K A I S E R : This is really an interesting question!
We are a product on Binance Smart Chain, transaction fees are cheap and have potential.
Binance’s scalability and security issues are a place of potential and credibility, and we don’t think we need to worry about that.
Big Mac : Question 4 : Skc
Do you think about a new Logo? It looks very cheap more then a scam Logo. Thats the reason i didnt claim the 0.1 bsc. I think many people think so a new one is better.. what do you think?
K A I S E R : We find it community-friendly. We’d love to serve you but we can’t change the concept of an image in the current community.
Thank you for the comments, but Logo says nothing … You should reconsider.
Big Mac : I think it looks Fine
Question 5: Bitcoinproud X (@Bitcoinproudx)
Many people want to know what the strengths of your Project are but I want to know the weaknesses of bscfarm? How do you plan to deal with it?
K A I S E R : BSC Farm’s weakness is the misconception of the participants in the Defi community…
We focus only on what we consider to be the best for the community.
We want to give the Defi community a quality project.Thanks!
Big Mac : Question 6 : How does the BSC.FARM team respond regarding a similar project but only for profit and the token price becomes worthless? Are there any new innovations that will be developed in the future?
K A I S E R : We will implement Defi wallet to connect with projects on Defi around the world.
We will also improve marketplace BSC.Farm for evaluating projects. This is a project with lots of future plans.
Big Mac : Questions 7 : Recently BSC FARM announces partnership with BURGERSWAP. What is the value of this partnership? What advantages does it brings to BSC FARM ?What new developments we can see in upcoming days?
K A I S E R : We will integrate Burger LP to increase the value of BSC in the market.
This combination increases the credibility of our project in the marketplace.
Big Mac : Question8 : Do you have any Coin Burn or BuyBack systems or have you any $Token Burn plans to increase the value of Token & attract investors to invest on your project?
K A I S E R : We think that the burning of coins does not increase the token value, it is just a temporary FOMO of projects.We focus on maintaining the interests of investors.
A project with a large capitalization is held by many people, with a large ecosystem, having many tokens will not be a problem.
Big Mac : Question 9 : What about the Devs here. Can we trust their project plan that they could not leave us one day like others? Is the project is very strong for a long term sustainable? Can you tell us why we should support this project and What can this project be or whats the use case for this in the crypto industry…
K A I S E R : As you know, we want to do a long term development project.If we want to do a Scam project then we have made Farms with high APY.
But no, we want to develop a long term to Becoming a leading project on Binance Smart Chain.
We have a plan to grow with challenges in the future.
Big Mac : This is also the last question
Question 10 : I’d like to ask something what I can’t check on bscscan. 1. Why you decided to set such a low farming rate? What’s the intended utility of your token 2. What is the problem your project is intended to solve? There is a list of farms on bscscan already. Your list includes obvious scams as well. 3. Is that devs who provide 500k$ liquidity on pancake? If yes have you burnt the LP tokens?
K A I S E R : 1.Atm we are exploring the market and have series of developments coming on.
With time we will have series of products to offer to users.We are taking our time to go through the development process, and to promise what we can give out.
2. We dont have the intention to scam the market so we introduce a rate to for work for a longer term purpose. When you look at many DeFi projects out there that has offered high farming rates, many of them have exited the market and scammed users.
3. LP have a low APY because they are coins with low volatility and stability over the long term, I really appreciate this question. But we want to do a project for sustainable and long-term development. Different from projects with high APY but not effective for everyone.
K A I S E R : Thank you to the Burger community for joining today’s AMA. Thank you very much!
Big Mac : Thank you for your time . AMA winner will be announced soon.
Please join @bscfarm_group for more details