Trang chủ Tin Tức BSC Farm AMA hosted by Vietnam Blockchain Community (24/11/2020)

BSC Farm AMA hosted by Vietnam Blockchain Community (24/11/2020)

At 1:00 PM (UTC) on November 24, 2020,  VBC hosted the AMA show with BSC Farm project, whose representative for this AMA is Mr. William Kaiser – Project Manager of BSC Group.

Brief introduction of BSC Farm and Mr. William Kaiser:
Kaiser: I’m Kaiser, project manager of BSC Farm. Accompanying me today is Mr.Buggy. He is a major support to the project
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.

Buggy:
Also BSC.Farm was created to be the pioneering step, as a leader in listing Yield Farms projects on Binance Smart Chain. Our mission is to be the most complete, accurate and leading synthesis platform within DeFi projects. Thus, becoming a place to update the news, search for projects or opportunities for investment, help users to avoid from fake information, scams, and also being a place to facilitate new and potential projects to approach their potential investors. This is not only an open playground but also an extremely selective, the BSC Farm team will always research and survey carefully before listing to bring users the safest and most effective experience.

Question:
What is the listing process of BSC Farm? How many criteria for a project to be listed on BSC Farm, and how does BSC Farm choose projects to be listed to avoid rugpulling projects? 

Answer:
Currently our data is collected on BSC Scan. Once development is complete we will disclose to the community those listing processes. Stay tuned on our news channels

Question:
Any small coding error can permanently damage the entire assets of the LPs. This is the biggest risk of Yield Farming . How will BSC deal with this problem? Has your smart contract been audited by any blockchain system ? Why should we feel safe when provide liquidation for BSC ? 

Kaiser:
– We don’t have a Farm LP at the moment, but we will have a Farm LP operation in the near future. To ensure the safety we will ask for an audit as soon as possible.
– We are planning to contact a few major auditors around the world. The audit will be announced in the near future
– Creating a safe liquidity market when our BSC number of annual inflation is low and we also believe that our products will be trusted by many people around the world

Question:
Many people believe that DEFI and Farming is just a bubble in this market and will be eliminated soon. What does BSC FARM think about this issue? Does BSC FARM have any plans to expand its ecosystem? What is BSC FARM’s strategy and vision to the end of 2021? @MrKaise @Buggy_Man_BSC

Kaiser:
This is really a good question. Almost everyone is curious about these issues 🙂
– This is a wrong view. Demonstrates that the number of assets locked up in DEFI is continuously increasing and there is no sign of stopping
– We have plans to expand the ecosystem. We plan Partner with many big projects. Also developing Cross-Chain
– We aim to become the most trusted DEFI wallet in the world. We also have plans to elevate the project. Become one of the leading projects on the Binance Smart Chain platform

Question:
#BSC implements auditability tools, without sacrificing privacy of users. What are these tools, how transparent they are? When would an audit be neccesary? 

Kaiser:
Everyone wants to get involved in investing in transparent projects. We always understand that! Bsc farm is built on a decentralized platform with the goal of fairness, transparency and maximum protection of users’ interests. The terms of contract will be rigorously checked by a reputable third party according to the current process to show that our project is built for the user and has nothing to hide.

Question:
What kind of assets can I stake on BSC Farm platform? Can I stake the non-fungible token? Also, what is the percentage of profits that can be obtained through stake? 

Kaiser:
– Currently you can only bet the assets of the Binance Smart Chain platform. In the future you can also use other platforms. We will publish this information soon
-This depends on the price fluctuates with the number of users

Question:
How do I get $BSC? Can it be mined, staking and yield farming? How do you handle security issues in your project? and is there any advantage for the developer if they get a bug on your platform?

Buggy:
You can get it from the market as it currently listed on 3 markets and yes you can stake or farm.

Question:
Southeast Asia is a very vibrant market and many project developed here so with your project what do you think about Southeast Asia and do you have any plan to develop here?

Kaiser:
The Southeast Asian market is a very potential market. We have plans to develop Southeast Asian market as well as global market. We really hope the Vietnamese community will support us

Question:
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?

Kaiser:
-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.

Question:
Why we choose $BSC and why hold it for long term?

Kaiser:
We are completely different. We offer a transparent public Marketplace for the purpose of user protection. We are a project with a sustainable development. Our products will be launched on schedule. And we also have plans for the BSC token to increase in price in the future.
Thank you to the VCB community for bringing us interesting questions. If you have any questions, please contact us
https://t.me/bscfarm_group

Question:
A majority of crypto holders cannot participate in DeFi due to high gas fee, slow speed, and poor user experience. So with Binance Smart Chain, what problems can you solve? Are you planning to cooperate with Binance to list BSC or Farm BSC through Launchpool?

Kaiser:
We anticipated that difficulty. So we choose the Binance Smart Chain platform. With extremely low transaction fees and fast transaction speed. Besides, we will open Launchpool so all other projects can participate. And our future looks to Binance Dex.

Buggy: 
Yẹs the problem of high fees and slow network is solved with the binance smart chain. And we are working on many developments which we can’t really disclose atm

Question:
Do you plan to build partnerships with local cryptocurrency developers and local project in each country to make the use of the token more global?

Kaiser:
Currently we are continually improving the platform aimed at Cross-Chain trading. Besides that we have combined with many large projects. We will release this information to the community soon.

Question:
At present, what region of the world is BSC Farm focusing on in the world, such as Asia or Africa? Or are you a global project that people around the world can use without any restrictions?

Kaiser:
BSC Farm is a leading project on the Binance Smart Chain platform. We do not focus or favor any part of the world. BSC Farm is a project for all Crypto community, not for an individual or organization

Question:
What marketing plan does BSC Farm have to attract more users and investors in the coming time?

Kaiser:
We will update a brand new, more accessible interface. Besides that we have already reached a lot of agreements with the parties and we will look forward to Binance Dex.

Anyone who got any question later, you can contact directly to them via their social contact.
Website: http://bsc.farm/
Telegram Global 🌐: @bscfarm_group | Telegram Vietnam 🇻🇳: @bscfarm_group_vietnam